♪ stuart: got to get to the quickly, which president was injured in the revolutionary war. ashley, you're first. >> george washington. stuart: mike? >> two, john adams. stuart: lauren? >> washington. stuart: washington, it is from me. james monroe, he was severely hurt at the battle of trenton the, a musket9 ball hit him in the shoulder. a. >> saved him -- a doctor saved him by tight his severed artery immediately. i believe that's called a tourniquet. what a show we've had. coast to coast starts now. ♪

♪ neil: all right. here's the case where good news is bad news, we are learning for the university of michigan survey that consumer sentiment is at a 13-month high, separately new home sales soaring in thest month, so at least putting a bit of a dent to the target that housing is going to hell a in a hand basket, but the big number, we're told the favorite of the fed, has a lot of people thinking that goes up stronger than thought at a 4.7% annual clip, bond prices go down, yields go up. and as you might have seen there, the 10-year which is attached to so many borrowing rates, everything from cars to homes and home equity loans, you got troubles, and you got selling, and it's building. kevin has especially is with us -- has set is with us, author of the drip. kevin, good to see you. in the has put inflation front and center on a lot of investors' minds, that good news

will obviously fuel that because the better it is or the stronger the consumer, the greater the likelihood the fed keeps going longer and higher when it comes to rates. do you agree with that? >> yeah, absolutely. and it's managerring, neil, that you and -- something that you and i have been talking about for over a year. as the fed tightens, the inflation rate is going to drop to about the wage inflation rate, so my friend mark zandi has this special measure of wage inflation, he thinks it's north of 5%, and that's about where price inflation is. the problem is that it sticks until the fed gets unemployment to rise. and if you look at initial claims or consumer sentiment or even the unemployment rate, we're really far away from a place that's disinflationary. so i think that today's report, unless it's the reversed radically next month, means that you're looking at probably another full percentage point on the federal funds rate before the fed starts to get inflation under control. and you'll know it's starting to

happen when you see the unemployment rate rise 1-2%. 9. neil: so at the next meeting, the one we assumed was going to be the just another quarter point hike, if that, now it's the looking more like a half point hike. >> no, i would disagree with that because one of the things the fed doesn't like to do is, you know, change willy-nilly, left and right every time there's a new data item. my guess is what they do is they give you 25 basis points, and they say we're going to need a lot more, you know, they'll project further increases for the rest of the year, perhaps. and i think that that's way more likely than they go 50 basis points, because that would really shock markets a lot. i i think that the fed, again, tends to try to be slow and steady in its changes. neil: which is a more realistic barometer of inflation though? if we saw the core pce number today, it's running at a 4.7% clip, traditional reail the inflation running north of 6. bottom line, all i know is the

fed's goal is to get inflation down to 2 the %. we are a long way from there. so does this drag on a lot longer? >> yeah, it really does. and another way to think about it, you're right that there isn't a right measure. what you need to do is almost average them all and compare them to wage inflation, and all of that's or the of in the 5s. if this .6 numb were to continue for the rest of the year, you looking at 7.5 inflation, right? the current pace with the latest number is way, way north of where the fed wants to be and not much down from the worst numbers last year. and so inflation at this pace is super negative for equities. i don't think equities have dropped enough. they haven't priced in the fact that this really kind of means the fed's going to have to give us two or three more 25 the basis point increases this year because it's just not going to reverse fast enough for this to get you down to even, like, 3% in the year. and that means the fed's going to be the very upset about it. neil: you know these principles

far better than i ever will, kevin, but i i get a sense that something has changed at the fed. used to be the fed was lockstep, watching the markets closely, obsessed with them. now i think they're obsessed when they get too giddy, and they don't want them happy. and, you know, i'm wondering if what's building for the federal verve is anything that makes these -- reserve is anything that makes these guys go on a buying spree, we're going to slow. so their impression is that inflation's under control or we might hold back, they like to send reminders just the opposite. do you think their mindset is such that 2% inflation goal is still on and slaying this inflation means a la paul volcker is still their mission? >> yeah, i absolutely believe that. and recall, neil, as you know that when i was in the white house, i had a monthly lunch with jay paul and the governors -- jay powell and the governors who was part of the team that helped select him to be there and was at the jackson

hole conference last summer. and i can tell you 100% that jay powell is committed to get inflation back to where it needs to be. he's not going to chicken out. he doesn't want to be arthur burns, the guy who let inflation get out of control. he wants to be paul volcker, the person who delivered decades of reasonable growth after he got inflation under control. and finally, the big negative today is something that i think we're going to the start to see in the numbers which is, don't forget, when inflation is high, it's really, really hard for incomes to keep up with inflation. and so while sentiment right now is really good, you mentioned the michigan survey, the sentiment's going to catch up to the fact that real incomes are declining again. and remember the first half of last year where we had two negative quarters, i think it could be very similar this year. because inflation is so high, it's going to be the hard for inflations to keep up with it, and real spending and real incomes are going to decline as real gdp.

neil: even the latest month was was revised downward, so you could be right. ing kevin, thank you. ken has set on that. we've got -- kevin has set on that. erin gibbs, always great seeing you. i was making the point that there's definitely a mindset at the federal reserve it's whip inflation or bust, and there's no grace in this. now, i could be wrong, they could be scared into something if there's a freefall in the markets, but i don't even think that would to do it. your sense. >> no, i certainly don't think they're concerned about the markets. we saw them not react to a freefall in to 2020 the, you know, very brief but certainly not a reaction. and even last year, you know, they were very clear on that they were more worried about inflation versus the markets being down or the s&p being down about, you know -- neil: and they don't like it when the markets are getting ahead of things, heir going to the ease up on inflation because the rate of increase is slowing even though with this pce

report, that is not the the case. what do you think? >> i think they are, yeah, they are so focused on getting that inflation number back down to 2, i really don't see the markets coming in. you know, it's very rarely they've made comments within their mustn'ts or during the press -- minutes or during the press conference about volatility and stability, but that generally has to do with greater global instability versus where the markets think interest rates are going or where the markets think inflation is going. and, you know, they only seem to respond when it seems to be, like, a real crisis when we're talking about wars or, obviously, the pandemic. but certainly not just the markets guessing what they're going to do or getting ahead of themselves. and they've never seemed to be concerned about overvaluations. we didn't see them react -- neil: by the way, are you in the camp that even with the downdraft, bit of a comeback in january, but that the markets, you know, as an aggregate are

properly valued or no? >> i think we're certainly getting there. i think, you know, just given that rates are going on the higher, equities, the premium needs to come down. right now they're a little on the high side, but i think ultimately, yeah, the next 2-6 months might be a little difficult, but markets are always forward hooking. so if things look good toward the end of the year or looking into 2024 if that looks positive, the markets can certainly end the year up. neil: you know, it's a dumb question, but you've indulged them from me over the past decade or so, do you think the spending number was influenced by these 65 million plus americans on social security who in january just saw an 8.7% increase in those benefits? that without that, this strength of the consumer thing that we're celebrating wouldn't have been so celebratory? >> i think that's a small part of it. neil: i thought it was a dumb question too. [laughter] >> no, i think in general most

of the consumer spending came from just general confidence. it came -- and in general, you can see some of the spending came on the higher end. that's always, you know, a bigger and faster boost to the economy. so i think that was the more about confidence and people feeling a little good at the beginning of the year with the january rise versus the benefits that we saw on the lower end -- neil: so the consumer, as you see it, is still strong. >> yeah. i mean, at least it certainly, we've seen some weakness particularly in housing, so that's the most immediate point right away that we're definitely seeing weakness and people pulling back. on the range of places where you can spend your money, certainly in travel, entertainment, leisure we're still seeing a lot of spend. global reopening has also helped that, and people just getting out and about. but i think people will be more choosy as the -- because this inflation is going to be persistent.

remember, it took us 18 months to really get here, so it's probably going to the take us a while to get out of it as well. i know we would like it to go away -- neil: you're right, we have yet to see any dramatic signs that it's reversing. it might slow in some places, it's not going away. >> yeah. i think people will be a little bit more cautious for the next few months. neil: erin, thank you, always good seeing you. edward lawrence, the white house's spin on all of this has been look at the backdrop for jobs, look at the backdrop for, you know, retail sales, all that looking good. i know we're here to talk about a lot of other sufficient as well, my friend, but are they still clinging to that? has the bulwark that will prevent anything like we saw in the 1970s? >> reporter: yeah. you're going to hear a lot about the unemployment number. look at the record low unemployment, look at how many businesses have been added back to the economy and business starts added back to the economy. that's where they're focused. even in the statement this morning from the pce inflation, the president saying that he's

cone a great job with inflation although there's more work to be the done. now, you know, we wanted to talk about the federal verve here because that's the next thing coming up. they set interest rates, as you know, and there's a vacancy, as the vice chair, number two, resigned. lael brainard coming here to the white house to be an economic adviser. so in that selection process for a number two, capitol hill, some on capitol hill are pushing now to have race as the number one factor for that, specifically someone of latino descent. >> when it comes to diversity, you've heard this from the president, from me, from many of us here, diversity and representation is really important to this president. and, you know, we're going to look at, the president's going to the look at a highly diverse group of world class economists just as we did the for the previous fed nominations. >> reporter: so two of the last three people the president got confirmed to the board of federal reserve governors are african-american. this saab a number of -- have

been a number of names floated for the next number two spot. the current chicago federal roadway serve president, austin imools by, high on that list. he's also, as you can see, white. of karine jean-pierre says that the president will nominate a candidate soon but would not say if that person would be in place by the next fed meeting. as you know, the board of governors, they are always a voting member on monetary policy and raising interest rates. neil: that's right. that pick will be are interesting to watch. edward lawrence, thank you, my friend. we are at the one-year anniversary of the ukraine war. of interestingly enough, we're learning that republican congressman marjorie taylor greene is planning on introducing a bill that would audit ukraine, of course, time we've committed $2 billion to the war effort to help ukraine. as you can see, one year later it's not going down like it used to. ♪

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>> target number one -- >> ukrainian officials say russian forces are now operating inside the is city limits of kyiv. >> the stench of death is unbelievable here. >> people will not roll over, they will not back down. >> translator: it's they who started this war. >> i thank everyone who gives ukraine in.com national. glory to all who are now many in battle. neil: just incredible. one year into this, going into the second year of the war. do you remember a year ago at this time the, it was thought that russian troops storming their way into ukraine would wrap this up in a matter of days. as i said, it has been a year, and the white house likes to remind people of how difficult it's been for russia, but it's also difficult to keep u.s. support going to the fund ukraine in that war with russia. peter coosey at the white house with -- peter doocy at the white house with more. >> reporter: when you think back to a year ago, russia was

on an island as they invaded ukraine. white house officials are telling us today that they are concerned russia might have a big boost from a superpower, china. >> well, we have been very clear from the outset with china and with other countries that providing material support to russia in evasion of these sanctions would provoke very serious consequences. >> reporter: antony blinken over at the state department says president putin started this illegal war, and he has the power to end it. the united states stands strongly with ukraine as it defends itself, and we will continue to do so until ukraine's sovereignty is respected and the people can shape their chosen democratic future in freedom and peace. with that, president biden and his team are not pushing for peace talks. the u.s. position remains this is something putin did and that putin has to undo, and there are no plans to scale back

taxpayer-funded weapons shipments. >> american military aid has not just helped ukraine defend its territory, it's helped them reclaim its territory as well, and we're going to stay on the course for them to continue to do that. >> reporter: or and kind of a head-scratcher here at the white house, the president got on a zoom for about an hour and a half with zelenskyy and the g7 leaders today. over the haas couple months, really other the last year, whenever they've done that the president then comes out to explain what the result was of those conversations. but today nothing on the president's schedule and no press briefing. neil? neil: interesting. thank you for that, peter. i'm glad you made it home safe from toland are. all right, i want -- from tohand are. i want to go to a republican texas congressman, sits on the house armed services committee. congressman, it's always great having you. i did want to get your ache the, sir, on one of your colleagues, marjorie taylor green, who aims

to introduce a bill that, a, we audit ukraine. of i don't know if she's extend tending that to the latest clash 2 billion tranche the white house has given. what do you think of that? >> it's an extreme position to do nothing, but it's also an extreme position to give the ukrainians a blank check. so we definitely should and need transparency and accountability, and in fact, we're having a hearing on the armed service committee tuesday to talk about the best ways to the insure the aid we're giving them is going ott the right places. neil: do you have any doubt thats? >> no, but, you know, ukraine's not the united states, and it's not a western democracy either. so we need to make sure, because if any sophisticated weaponry ends up in the wrong hands, then our support for them will dry do up, and then they're going to lose the war, vladimir putin wins. neil: if we ease up on that aid, the read here from a number of generals retired and otherwise is that that'll really hurt the war effort for the ukrainians

and that it will feed into vladimir putin's view i can wear the west out. what do you think of that? >>, no he's definitely testing the west's resolve, no doubt about that. from my understanding, it costs the ukrainians about a billion and a half to two billion a month to stay in the fight. we've provided well over $110 billion, so that's far more in excess of what they need to, you know, stave off the russians. and so it's one of those things where, you know, we'd have a lot more support for joe biden and his support for the ukrainians if he had a commitment to secure our southern border. neil: you know, i do want to address that, but i am curious about another issue that's come up, congressman, and that is china. and now this meeting that's coming up in a matter of weeks we're told the, could be sooner, between xi jinping, the chinese leader, and vladimir putin with growing talk that china's going to start providing weapons to the russians and lethal weapons

at that. that's a game-changer that that prolongs in the a lot, that maybe feeds into the impatience from some of your fellow members. where do you think that goes? >> if the chinese do that and if xi jinping commits to that, then we should definitely use our trading as a weapon to them and increase tariffs. they've been probing and prodding and testing the last four presidential administrations. they -- and we, president trump was the only one that stood up to them. they're not a neutral arbiter, which they're trying to in their recent position paper trying to portray themselves as. they're not talking to the ukrainians, they're coeding up to putin and their, quote-un quote, no limits relationship with them, and they're not even calling this an invasion which, clearlyies. so they're talking out of, you know, both sides of their mouth. neil: got it, we'll watch it closely. thank you for taking the time. >> the thanks, neil. neil: we are watching ohio very close, a number of big players, think about it. we had donald trump visit east

palestine, we had pete buttigieg yesterday, of course, michael regan, the epa administrator, so a who's who of very major characters except one, the white house out. white house occupant. after this. ♪ tell me, did venus blow your mind? ♪ was it everything that you wanted to find -- ♪ and did you miss me while you were looking for yourself out there? ♪ the south side of chicago. it has been a long road, but now i'm working for schwab. i love to help people understand the world through their lens and invest accordingly. you can call us christmas eve at four o'clock in the morning. we're gonna always make sure that you have all of the financial tools and support to secure your financial future. that means a lot for my community and for every community.

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but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. at t. rowe price, our strategic investing approach can help you build the future you imagine. neil: all right. a who's who of names some in government, out of government, former presidents, celebrated movie star or an individual whose life and ordeal dealing with issues like these kind of made her a move i have star all in -- movie star all in east palestine this past week everyone so far except the president at the white house.

mike tobin on how things are going. >> reporter: erin brockovich joins the list of high profile people showing up here in east palestine, she's got a town hall tonight. she says that decision to vent that vinyl chloride into trenches and then burn it off guaranteed that this problem with is going to be with east palestine for years to come. she also says with neglected infrastructure, don't be surprised if you see more train wrecks. >> our infrastructure in this country is aged out, and we're not dealing with it. and if you have failing infrastructure and failing maintenance, we're going to continue to have these kind of problems. but right here this train derailment, this is norfolk southern railroad's responsibility, negligence, and they are responsible. >> reporter: almost three weeks after the train wreck, transportation secretary pete buttigieg arrived here.

he expressed regret at not showing up earlier but said he wanted to give the ntsb space to work. people here are not happy with the administration's response. >> i think he should have been here when the evacuation was lifted. i just, that's what i think. i think he should have been here sooner. >> absolutely, too little too late. and we have biden over in ukraine handing out millions of dollars. where is he? >> that's just one aspect. but it's overall. everything has just failed us. i mean, you know, he could care less about us. >> reporter: the ohio epa says 43,000 fish died here in area waterways, but governor mike dewine of ohio drank the tap water. he says epa tests show the tap water does not contain contaminants, and tests also show that the air does not contain contaminants. neil: thank you, mike tobin in

east palestine. john roarke addressed a real problem, getting bottled water to folks there. john decided, you know what? i'm trying to help these people out, i'm going to make sure they get that bottled water. s it is the blue line moving owner, great american cleanup founder, an army veteran. you don't mess with john. thank you for taking the time, john, appreciate it. what made you do this? >> well, you know, i just, i feel like i want to continue to serve, you know? i'm retired from the army, and i feel like i still have some more servinged to do. so anytime -- serving to do. anytime i see people in need around the united states and i feel like i can help, i try to help. and these people up in east palestine, they certainly need help, that's for sure. neil: you know, i thought it was such a basic need, you know, to get bottled water for folks that norfolk southern would have done it or fema would have arranges ranged it, you know, the epa would have arranged it, maybe

ongoing beyond whatever their roles are defined as, i get that. but it wasn't being done. how is it now? >> well, now that president trump has come there, i think they have enough drinking water to last them at least a couple of months, for sure. we brought up 13 palettes of -- pallets, 9 of them donated by president trump. i drove can them up from my blue line moving trucks from south florida, and we passed those out to the citizens in east palestine. it wasn't just about the water, they needed so much more than water. they needed motivation, they needed hope, they needed to feel like someone cared about them. and he took it upon himself to act in place of the government. and when he showed up there and they were lining the streets and chanting usa for him and screaming for him, they were happy. they were relieved. they were patriotic. they wanted to -- they almost felt like they could clean up the city on that day, they were so motivated that someone came

such as president trump and showed them, hey, i care about this community, and i'm not just going to show up for a photo op. i'm going to bring some food, water, cleaning supplies with me, and he did just that. neil: yeah, i got a kick out of how he was able to essentially clean out a mcdonald's to give burger, all that stuff to folks. that kind of stuff is important and, you know, they've had very few treats or good events, and that was a treat and a good event. where do you see it going, john? you've had to look around, you've been able to assess things, and you hear the official assurances, you know, coming from well meaning public officials who say the water's fine, the air contaminant level is low, that's fine, but we know, you know, how in the past things that look fine turn deadly. ground zero after 9/11. there's a fear of that being repeated. what do you think? >> well, i mean, you know, it's the government also telling you that the border is secure, so what are you supposed to believe when something that's obviously

not secure, they preetedly tell you -- repeatedly tell you is, are you supposed to believe them when they say anything else? it makes it very hard when they lie about the easy things, you know what i mean? what this town needs is leadership. they need people there showing leadership and showing them that they care and they are not going to be forgotten. i talked to self-people that live there, one of the couples were about to retire and move to florida and sell their home next month. and they said, well, looks like that's not gonna happen, i guess we're stuck here forever. think about that. quickest way to wealth in the united states for the average citizen is through real estate. no one's moving to east palestine, you know? do you think, neil, in the next five years there's going to be a rush to move there for anybody? no, of course not. so how do they fix that? how do they right that wrong? that's where they need to figure that out, man. and when we have illegal immigrants being put in five star accommodations in new york city and the people in east palestine can't even get a decent hotel to stay in for a month or longer so they can sort

out their lives, what are we doing as a nation? i just don't understand it. it makes no sense to me. neil: john, you're a good man. to your point, i've chatted with a couple of homeowners who were ready to sell homes and, of course, the deals fell through soon after this. we'll see what happens, john, but thank you for all your good work. john rourke, the blue line moving owner, saw what was going on and said, you know what? i think i can help here. in the meantime, we're learning right now that china just detailed its 12-point plan to halt the ukraine conflict. president zelenskyy says he's open to considering parts of that plan and the -- and to meeting xi jinping himself. after this. ♪ ♪

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neil:ing all right, you don't want to get your hopes up, but on the one-year anniversary of the ukraine war, a 12-point plan from no less than the chinese on

on ending the war there. and president zelenskyy himself of ukraine saying he would love to meet china's leader, xi jinping, to cuts those ideas. french and german leaders, for their part, are telling zelenskyy he does need to consider peace talks. he apparently already is. so we'll keep a very close eye on that. john garamendi, california congressman, house transportation, infrastructure committee, house armed services committee. congressman, always good of you. what do you make of these latest moves in ukraine concerning china? could be a hate fake, we don't -- a head fake, but what do you make of at least this overture? >> it's well worth paying attention to. if obviously, china's a very big player on the international scene and certainly could be a big player in the ukraine situation. their 12-point plan, that's really up to zelenskyy and his people to take a look at that and decide what, if any, of those issues are worth their

consideration. for the rest of us, we must continue to support ukraine. as we have over the last year, actually, over the -- since 2014 when we sent our advisers and trainers into ukraine to prepare their military. obviously, with some success. so going forward, two things. one, continue our support both economically, human tearily and economyically to to the ukraine -- till tearily so they can -- militarily so they can prepare and be successful with their own fencive later in the spring and secondly, always pay attention to these peace overtures and see what will come of it. neil: congressman, ukraine has always been in the position we're always open to talking about to vladimir putin about opening this, but it better not involve surrendering an inch of our land. now, i cannot imagine vladimir putin leaving ukraine without keeping something. so where do you see that going?

>> it's not for me to see. this is for ukraine and russia to negotiate along the way. what we must do now is to make sure that ukraine is in the very best possible situation not just for ukraine and its democracy and for their hopes and dreams about being a independent state, but also for our own international security. for example, if we were to cut and run as some of my extreme maga republicans are now talking about, that is a message not only to the eastern european nato countries which are at substantial risk if we were to leave and not back up nato and continue the particular issue in ukraine, but it is a message to china having to do with the entire western pacific. and, most importantly, are we willing to stand with taiwan and the other countries in that area that are seriously being threatened by an aggressive chinament.

neil: but, congressman, it's not just, it's not just maga republicans who are, you know, saying we've got to check the money that we're sending to ukraine. i mean, there are a lot of people in east pal stierntion as you know, sir, who are saying why are they getting cough and we're not getting help -- dough and we're not getting help. >> well, the help in east palestine must come from norfolk southern. this is a railroad company problem. they created the problem, and and they must be fully down to the very last penny responsible for not only the cleanup, but for making the people in east palestine concern. neil: i definitely see what you're saying, sir, but the prevailing view now and maybe it is because we're a year into this, a lot of americans -- not all, a majority still support the effort, to your point -- but they're beginning to say the $100 million plus that we've committed over there, do we need to keep doing that, and we keep some of that money for efforts back home? what do you say? >> well, first of all, let's get straight on the numbers.

the american military support is somewhere around clash 18 billion -- $18 billion. it's obviously going to the increase with the ongoing drawdowns. the commitment, the total amount of commitment is humanitarian aid not only in ukraine with, but also to deal with the refugee flow, some 4 million plus that left ukraine and are now settling in the european countries, the western european countries. so it's a broad support. not all that money has been transferred yet, both military equipment and the rest. authorized, yes. the president is being very careful about what is being sent and when it ising being sent. with regard to the question of whether the military equipment is getting through, chairman rogers of the house armed services committee, and i and five other bipartisan represent the tiffs -- representatives were in poland, romania and greece, and that's where the equipment nows.

we're satisfied -- flows. we're satisfied with the very intense, detailed look that the equipment is getting through, it is getting to the front lines. neil: got it. all right, congressman, thank you. we've been asking a lot of you folks at home what you think of this and whether we should continue funding this war effort in ukraine now that we're going into the second year. we ask you to tweet us @team cavuto or e-mail us, and many of you have including chuck who says if only there were a huge collection of rich first-world nations who have a direct interest in printing money to fight russia. they could call it the european union. i see what you did there. and then if you commit to funding, fund a war to win. how long does this go on? how long until we send troops? lori writes: i understand the need to help, but i don't understand why that has to come at the expense of u.s. citizens and the threat of world war iii. hearing for as long as it takes

sure doesn't make me feel better. and another, proud to be an american and how we've supported ukraine in their defense of democracy and sovereignty. let us not conflate domestic needs with ukraine, we can do both. and as you indicated here, we can and we have done both in the past. but again, these are politically volatile times. all right, brian brenberg is standing by right now with what's coming up on "the big money show" in less than 15 minutes. hey, brian. brian: a surprise jump in inflation putting pressure on stocks. plus, no truth in tuition, universities not advertising the real cost of attending.th more "coast toer coast" after this. and retirement savings. with voya, considering all your financial choices together... can help you be better prepared for unexpected events. voya. well planned. well invested. well protected. among my patients, i often see them have teeth sensitivity as well as gum issues. does it worry me? absolutely. sensodyne sensitivity & gum gives us the dual action effect

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♪ >> it is an unsustainable model of a hospital like ours bear the entire burden of paying for migrant health care. >> since the first days of this administration, we have seen a significant deterioration in border security. >> are the aliens crossing el illegally committing crimes across this country? >> absolutely. >> joe biden, are you listening? mayorkas, are you listening to the sheriffs? >> secretary mayorkas secured the border? >> no. neil: all right. to hear a lot of those arizonans tell us, hay know firsthand what's happening at the border, and they want the administration to do something about it.

yuma county supervisor joins us now, you had a lot of sport there -- support there. i'm wondering as you see it now, jonathan, what comes next? >> i think they need to go back and start asking questions and follow up on the commitments that secretary mayorkas made to us a year ago. he told us -- told us that he would fill in the gaps, you know, governor ducey did the job that the feds didn't want to do, and then they sued him for putting up those contain theres. that actually was functioning very well. we need to hold people accountable and back up the men and women of border control. neil: there's been a push on the part of some republicans as yo now, jonathan, to impeach mayorkas, but i suspect he's not going anywhere until his boss tells him he should go, and that isn't happening. so what happens? >> you know, i think that they need to use the power of the purse, and they need to sit down and actually do what government is supposed to do, give and take, negotiate. but, you know, neil, national

security shouldn't be up for debate. it should be foremost on the responsibilities that they have to us as american citizens. and because of their inaction or not being willing to do anything, this community and other border communities are deteriorating, suffering effects. you know, our fentanyl overdoses are up significantly over any other area in the nation. so there's a lot to hold them accountable for. neil: you know, also when you talk about sec secretary mayorkas and filling these gaps, if he didn't like the boxcars where they were filling hem in in arizona with governor ducey, what was his alternative solution? if he didn't like that, did he ever convey to you or your colleagues what would be an acceptable one to, again, fill those gaps? >> welshes you know -- well, you know, first and foremost all of the materials to close up the the yuma gaps is still sitting on the ground and was bought and paid for under the previous

administration. so i think that we need to hold them accountability for the, i think, $2.5 million worth of wall sections that are sitting down right on the ground adjacent to the gaps, first and foremost. they told us that there would be some type of a closure, and they kept putting it off, telling us that it was going to be the done, that they were issueing contracts. but all of the material that they need to fill the gaps is still sitting on the ground, neil. neil: incredible. that's a lot of money that just literally goes rusting in the sun. jonathan, thank you very much. it's good seeing you again. i think you -- >> good to see you too. neil: -- obviously made some noise here. jonathan lines, yuma county supervisor. what comes of this, we'll see. we're told that the security committees and others in the house with follow-up to see if any progress has been made. good luck with that. all right, in the meantime, good luck with dealing with a massive weather system that's so massive and so serious that in los angeles, in los angeles, they're talking snow.

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i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones neil: looking like a bad day

for the dow with only one component in the green. as things stand now, all the major averages are down at least 3% of the dow down 3%, the s&p a little more than that, nasdaq 7%, at the very least, concerns about economic news, more spending and more confidence on the part of the consumer, they will continue shopping, buying and all that stuff. personal consumption price index moving higher than thought, we shall see. no debating what is happening on the weather front. if you think wall street is having storms we've had some doozies across the country. it is so bad on the snow front and flooding friend, they are having all of the above in california, and our fox weather correspondent nicole valdes has

more. >> reporter: just outside los angeles, we've seen a foot of snow fall with more on the way. we see anywhere from five to six feet of snow and it is wreaking havoc, the santa cruz mountains definitely taking a hit with a lot of snow coming down, in san bernardino, a rearview for southern california but this is a cold dangerous winter storm. in la county and wind gusts from 45 to 75 miles per hour, all the snow blowing around that speed could create white out conditions. if you are standing outside,

could be nearly impossible. several interstates including iad and i 5 closed, some indefinitely. in higher elevations area, california highway patrol, they say every one should avoid traveling in these mountains as these conditions are expected to intensify. adam: obviously they sped that video up. driving that fast, unusual to see that snow. all right. that is where we stand, dow jones is down 438 points, other averages filing suit. looks like a bad week. brian brandenberg and his colleagues in turn that around. brian: i want to see you in a parka some day. adam: you believe that? it is incredible