>> it was obvious to anybody that looked at this early on in the pandemic it was a lab leak. >> china has not been held accountable for what they did and they're waging a war on the

lives of americans and there seems to be no interest of the biden administration. >> it's an incredible moral hazard to forgive people's loans six months from now and we should forgive credit dead. >> we haven't reduced the supply of money in the system. as long as it's there, inflation will be trouble. >> we believe the recession is officially underway. it's not based on a gut feeling but based on data. it's going to be a very, very tough, hard landing, not a soft landing and by similar, it'll be crystal clear we're in a recession. stuart: i like this song. stuck in the middle. steven wheeler. it is 11:00 on the east coast and wednesday, march the 1 already. look at the market. up for the dow 15 points and down for the nasdaq 45 points

and i'll call that flat overall. as for big tech, we have apple and then we've got meta and alphabet up, microsoft, apple, amazon down all rather slightly. check the 10 year treasury yield, please. we have 3.99%. that's a negative for stocks because you're awfully close to a 4% yield on the 10 treasury. then this, mayor of chicago lori lighlightfoot is out, she lost r reelection. will cain is with me now. we have a person that doesn't like the police union second and that's a stark choice for chicago, isn't it, will? >> yeah, hopefully the people of chicago can be trusted to make the right choice after the lesson they learned with lori lightfoot. year-ovyear-over-year years of e to make her the one term mayor in 40 years of chicago history. if you can't learn, you know,

there's the whole thing, you know, if you touch a stove once, you know, you've made a mistake. something like that. if you touch a stove twice, same lesson. over and over and maybe you're just an idiot. hopefully the people of chicago have learned their lesson by touching the stove with a mayor like lori lightfoot. don't make the same mistake. >> there's a lesson for other big cities in america, which are equally troubled: new york, los angeles, philadelphia. i mean they're looking at the election in chicago and thinking, you know, maybe we could have a similar change. i'm helpful, what do you say? >> yes, i think lori lightfoot represented, stuart, not maybe an aberration but a very special version of incompetence. don't get me wrong, that same genera of incompetence has been present in other cities and states you just mentioned, but lori lightfoot managed to bring together a horrible concoction of racism at one point banning

white reporters from her press briefings, of increased violence, highest murder rate in 25 years in chicago. and hypocrisy in surrounding herself with private security while the rest of chicago has to suffer under these murder rates, visiting just like nancy pelosi enterprises when you're in the middle of a lock down. again, i don't think it makes lori lightfoot a black swan, a completely unique politician in america. there's others that deserve this kind of accountability, but she'd been a very special swan. she was a very, very special concoction of incompetence in chicago. stuart: you're big on analyzing woke politics. i want you to listen to bill mahers idea of woke. >> very undoing of it. five years ago, abraham lincoln was not a controversial figure among liberals. we liked him.

now they take his name off schools and tear down the statues. really, lincoln isn't good enough for you? woke is different. we see it all the time and always the most important thing. that's not liberalism. stuart: that's interesting, will. woke has the opposite of liberal. what do you say? >> i think woke needs to be looked at, stuart, through two lenses. one is the deeper philosophical lens it's tied to the concept of critical theory and critical theory is a marxist ideology and requires you to look at the world into a oppress sore and oppressed and wokism isn't limb limited to race but gender position ticks, gender identity, sexual politics and sexual identity and see the victim through oppressor and oppressed and that's tied to a long term ideology and there's something that mahers eluding too and

that's a bit more soup official. when someone goes to tearing down abraham lincoln is they're finding the cheapest possible way to project own hollow virtue. it's not tough to find yourself more morally virtues than figures from 200 years ago. it's not. standards change and in that way it's superficially example of the modern society and everything is hallow and shallow and woke ideology and politics and challenge low and cheap ideological version of what many of us have become in m modern america. stuart: i think the tide is turning. will cain, thank you for being with us this morning. always appreciate it. >> thank you. stuart: now this, if you're a chip manufacturer build ago new plant in america, what do you have to do to qualify for government money? answer: a lot. you have to turn your company into a social welfare operation,

join this brave new world whether you like it or not. in the words of "the wall street journal" "chip companies will become the indentured servants of progressive social policy". let's go through it, you'll have to provide child care for all employees and construction workers, and that child care must conform to union demands and must be progressive. in fact, everyone will have to join a union and they'll decide pay and benefits. biden is a really big union guy. when you apply for the money, you have to say what you're going to do for disadvantaged communities like providing transportation and housing health. you must "find a way to attract, train, put to work, and retain women". also, the government will take some of your profit if its considered excessive and of course, you can't do stock buy backs.

add it up and it's soft socialism. this is biden's industrial policy. force on a vital industry and he's trying to change the natural rights approach of the american corporation. not going to work. goldman sachs studied the multibillion chips act and concluded "it might increase u.s. global share of chip kansas capacity by 1%". another expensive boondoggle on the way and you're forced to pay for it. mark temer is with me and will be with me for the entire hour. >> greater weight of the evidence and they're not a

chip -- nvidia and they're not a chip manufacturer and they decided to raise $10 billion on their own. funny, hearing about this chip act rolling out and going to get on their own without government help. also same point in time tesla announced and they don't make chips either and they're investing $5 billion in a plant in mexico. i think if you want to bring production of the chips back to the united states, you have to provide incentives, not strengths. stuart: interesting point and you're our market watcher for this hour and i'll ask you the same question i asked everybody on the show. in this market right now, tell me how i can make money. >> let's look at some of the latest news headlines revolving around housing industry, mortgages, things like that. the housing industry is definitely very challenging right now and housing is the most unaffordable it's been going all the way back to 1986 when they started to roll out the data even more unaffordable for first time home buyers,

which means people are going to continue to rent. so multifamily. not just any multifamily. you want to be in the location where demand is high and rent can come down as well and the sun belt is where you want to be, camden property trust would be my number one player that provides multifamily housing in the sun belt. stuart: camden property trust. you own it or clients? >> yes, sir. stuart: very good. mark, you're with me for the hour so stay there, please. lauren, you've got the movers. what's with first solar? lauren: up almost 14%. solar panel manufacturer and up record hi highs and biggest beneficiary of inflation reduction act and expecting to see tax credits to the tune of $700 malcolming in. that will -- $700 malcolming in and will boost their

percentage. stuart: i saw it lowe's numbers came out early this morning and now they're down 6%. lauren: their sales, disappointing. their outlook, disappointing and even same store sales fell more than expected. this is a housing slowdown. we get that. but still are people fixings up their houses, the do it yourself market? that's down also because people have less money to spend. lowes is suffering today, down 6%. stuart: i've never had an energy drink like monster beverage. not tried it. i like coffee to do that for me. they came out with earnings and they're disappointing. lauren: yeah, the numbers were bad and promising more price hikes and could be good for the share price and brings in more money for the company if consumers continue to pay but wall street is not convinced this morning. stuart: mountain dew is a good

alternative. lauren: i hear. coffee works for me. stuart: a mother that lost two sons on fentanyl to overdoses breaks down on capitol hill. watch this. >> 100,000, it's de-humanizing and de-moralizing and this wasn't overdose, this was murder. this is a war. act like it. do something. stuart: a house panel just wrapped up their hearing on fentanyl. we'll bring you the highlight. the push to ban gas stoves could be coming from china and congressman bill sounding the energy alarm and he's here and will explain. since december 23rd, dead whales have gushed ashore on the east coast and government agencies insist no link to offshore wind turbines and the top white house scientists disagree. that's next. ♪

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and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. stuart: offshore one arkansas wd development is expecting of hurting marine life and the government receive add warning months ago about this issue. madison alworth joining us from the harbor. what do we know about this new warning, madison? reporter: stuart this, warning came out last year and the issue we're only hearing about it now. this is from a top government scientist a lead within the protective species space and warned about offshore wind production in may and we're just learning about it now, and that's what's frustrating activist and they say if that warning was taken seriously and

we might be able to avoid problems like the increase in whale deaths and the latest is a hump back whale off the coast of new york and it is the latest in the string of sightings all of this being alerted in a memo from a noaah scientist and the top protective species scientist in the 2022 memo outlines the threat of offshore wind and very importantly points out the threat exists in all stages of development saying "these risks occur at varying stages including construction and development and include increased noise, vessel traffic, habitat modification, et cetera. this memo went to dozens of noaah scientists and the federal agency that leases out ocean land for offshore wind and they

all receive it had and nothing was done and as a result since just december 1, we have seen 23 dead whales wash up on the east coast of the u.s.. and that doesn't include whales like the one spotted monday because that hump back was still out to sea. all of this really frustrating activists who say they are so alarmed that this memo was not made public sooner. take a listen. >> it's shocking that a federal agency like boem would hear this information and would have it in its records and not make that information public and allow projects to move forward when we're facing the potential extinction of a whale. reporter: here's the thing, some government agencies say there's no link between offshore wind development and the deaths of the whales. the marine mammal commission, the latest to join the list and

noaah said there's no link as well as boem stating there's no link but activists are frustrated and concerned about the pattern that is emerging and the reality of the situation is at this point, stuart, there's only two active offshore wind turbines. in the next couple of years thousands of turbines will be put off the east coast of the they worry this problem is only going to get worse. stuart. stuart: madison, you're out in the new york harbor in freezing cold weather and you stuck it out. you're all right, madison. come back into the warm soon. reporter: thank you, stuart. stuart: republican congressman bill hyzanga raising concerns with the china connected group pushing a ban on gas stoves. congressman joins me now. sir, the gr greens are serious d they want to ban all greenhouse gases and means gas stoves, they've got to go. is that the way it is, sir? >> it is.

despite their protests othe otherwise, actions speak louder than words and going back to the early parts of the biden administration and they pulled in groups of the rocky mount institute who have a very transparent agenda, which is to end all use of fossil fuels and it's the richard trump saying the quiet part out loud a little bit about with the gas stoves and look at applications for gas fired appliances throughout a house. furnaces and certainly for us in the upper midwest, but it's dryers and different things that are in the house and they're wanting to go after that and it's just unconscionable frankly. stuart: fbi director chri chrisr

wray saying the covid was a lab leak. >> the fbi assess that had origins of the pandemic are a potential lab incident in wuhan. here you're talking about a potential leak from a chinese government-controlled lab that killed millions of americans. that's precisely what that capability was designed for. stuart: so, congressman, that's two agents, energy department and fbi both suggesting that the lab leak is a possibility at the very least. my question is how do we hold china accountable? >> that's the right question to be asking. we do need to make sure that that's a determination, but very few people being seriously minded about this had doubts about this theory and about the origins of this. other than the mainstream media, which is still trying to down play all of that. that really is a question that i

think looking at china task force and looking at other efforts in the house of representatives and on cal toll hill and how -- capitol hill and how do we hold china responsible for all these various things and certainly in my mind we have to look at what our cooperation of that is and that's what we're working on. stuart: people uniting against china on all these issues. >> appreciate t good to be with you. stuart: chinese state media warning elon musk and what's the warning about? ashley: beijing about the covid lab leak theory and suggesting that such ken p commentary coult

tesla's relationship with the second largest market. ie china. the cryptic warning came on social media post by the state run global times run newspaper and commenting on the department of energy's conclusion that covid-19 most likely came from that lab in wuhan and warning basically telling musk not to bite the hand that feeds him. tesla ceo has yet to respond. stuart: do you think musk will take the warning seriously? >> maybe that's one of the reasons he invested $5 billion in build ago factory in mexico and all of this bullying in china and at some point companies will say why are we doing business there and why not diversify the supply chain to vietnam, mexico and branch out and not held by so much political risk by one foreign country and it's a big issue and

elon has enough ego in him, he'll fight back. stuart: yes, i think so. >> he'll fight back and i admire that about him. stuart: limit how far and tesla factory is the biggest in the world. >> it'll hurt but he's willing to take a financial hit to fight for what he thinks is right. stuart: good man. all right. thanks, mark. oregon is considering a plan to pay homeless people $1,000 a month, no strings attaching. who will pay for that? we'll definitely cover it, believe me. teacher's union leader randi wiengarten had a meltdown over student loans at the supreme court. roll tape. >> when it's about our students, they challenge it, the corporations challenge it, the student loan lenders challenge it. that is not right. that is not fair. stuart: can you believe that from a teacher? good lord. bill bennett is the former education secretary and he's got a lot to say about wiengarten's

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♪ stuart: that's new york city and by the way, we think it's one of the happiest places in the country. however, we didn't make the official list. look at this. wallet hub just released their rankings for the rappiest cities in america. i -- happiest cities in america. i ne trust this stuff. income rates, growth, and more. freeport, california, and san jose, california. what's with california? and madison, wisconsin, was third. tepper, what do you make of the rankings? >> bay area had three out of top five and that's incredible because everyone i know from the bay area has been trying to move out. housing it unaffordable and crime is on the rise. florida didn't have enough in the rankings and cleveland -- -- stuart: san francisco has a

reputation. there's needles in the street too and more. tiktok will limit screen time for teenagers and, susan, what's the limit? susan: an hour and 60 minutes for anybody under the age of 18 and by the way, that's majority of tiktok users with over two-thirds of american teens according to pugh research senter and limits automatically set by tiktok itself and when the 60 minutes is reached, teens being prompted to enter a pastrami code in order to continue watching and a new setting that enables parents to set a schedule to mute notifications for their teenagers so if you're asking why 60 minutes, tiktok says while there's no collectively endorsed position on the right

amount of screen time or even the impact of screen time more broadly, they say they consulted current academic research and experts with boston children's hospital and choosing limits and suspecting our quote board to come up there with that. this is the latest initiative to placate and canada did the same and taiwan banned tiktok off uses and concerned that tiktok is being used for a tool for chinese spying despite tiktok saying they store data in servers outside of china's border and the authority to give biden an outright ban to tiktok could come as early as this month. the very, very influential 60 minutes piece was showing that the tiktok version in china was different from the version we

have here. it shows, basically has 60 minute cap and shows the educational information, science, math, and space just to educate the young people. stuart: their tiktok is different from our tiktok? susan: very different. stuart: got it. thank you very much, susan. teacher's union chief. got to see this again. this is spectacular stuff. randi wiengarten, and i mean it, about student loans outside the supreme court yesterday. you've got to watch this. i'm going to run it again. roll tape. >> during the pandemic we understood that small businesses were hurting and we helped them and didn't go to the supreme court to challenge it. all of a sudden when it's about our students, they challenge it. corporations challenge it. the student loan lenders challenge it. that is not right. that is not fair. stuart: cue the eye roll. bill bennett is with me, former

education secretary. i think her performance yesterday was so extreme, so out of touch that it will function as the starting point for real reform because i can't imagine any parent wanting their kids to be taught by someone like that. >> well, maybe so. it's unfortunate. by the way i appreciated you going out and previewing the piece with frankie valley and the four seasons, big girls don't cry. stuart: you noticed it. well done. >> i sure did. but it's unfortunate. maybe she was internalizing all the responsibility she had for the damage that was done. if you remember, she prolonged that period of time for schools to open and was in kansas city chiefs hoots with the cdc on that and bears a lot of responsibility.

the reaction of teachers is what i'm interested in and i wonder if it's possible if that large group of teachers 60 or 70% might look at that leadership and say this is not what we want and this does not represent us and not how we speak or feel. if the teachers could not follow the parents in the school revival and renewal, school choice efforts, et cetera, that's going on around the country, we might see some real progress. stuart: yes, sir. >> one last thing i'd say, i don't want to say that yelling and scream asking always wrong. there's a time and place for it such as the woman screaming at the hearing yesterday, the woman that lost two sons to fentanyl and turned to another witness and yelled and said you've totally missed the point. stuart: more secretary, hold on a second because i want to show that. you're the former drug czar. it was held earlier in congress

and holding the hearing. here's the fentanyl tape. roll it. >> one teaspoon can kill 2,000 people and that's the amount in this pact of sugar. >> it's not a red or blue issue. every american should care. stuart: my apologies and i was going to show the woman that lost two sons to fentanyl call it had a murder and we ran that one because that's from this morning. how are we going to put an end to the fentanyl surge? >> first of all, take it for what it is as the woman said, yesterday, this is an act of war and invasion by these cartels and with the fentanyl and put it very well. if they're at the border and

guns coming in and mount un unis and that allows the government to go after them wherever they are and the leadership of to the major cartels, the sinaloa and jalisco cartels. we know how to do that and we have something still called for delta force i believe. pablo escobar and the last time he was killed and finding that leadership and destroy that leadership when they replace them, destroy most people too and we know how to do these things and we've done that thing before.

they're terrorists and released the number two guy in the iranian terrorist organization. stuart: i've got 45 seconds and i want to talk marijuana. i was in favor of legalization but when i walk out of a new york city today, it's out of control. we've opened pandora's box. last 30 seconds to you, sir. >> it's every r it's a mistake and -- everywhere and it's a mistake and calling on this and kudlow will tell you that he continues to go to meetings by the way. very impressive of him and when he talks to the young people and talking to young people and we're in for other drugs and we started for marijuana and the marijuana is much more powerful in the 60s and this was a mistake and more people to problems and leading to more connection to fentanyl at the end of the road. stuart: hard to roll it back. bill bennett, always a welcomed guest on this program. come any time you soon, sir.

come become soon please. >> thank you very much. you betcha. stuart: you betcha. who was the poll cigs that said -- politician that said that? >> i have no clue. stuart: he's fed up with migrants washing ashore and the cost of imposing them and the sheriff is next. today, millions of people in the era foot surge and they're already being stretched and jeff flock has the story next. ♪

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stuart: extra food stamp benefits added because of the pandemic being taken away today. jeff flock is at a good bank in

illinois and, jeff, i guess demand there is picking up; right? reporter: this is a northern illinois food bank and serve about 450,000 households and today with going away of the benefits and, you know, you look at food inflation and talk about food inflation and this is the worst possible time to have extra benefits taken away. the president and ceo of northern illinois food bank. we know what food inflation is like right now. it's just crazy. >> it is crazy and foot food inflation is over 10% and we expect it to continue and the families we're serving are hurting because of that. reporter: how much are benefits go away. we're not talking nickels and dimes. how much? >> the emergency snap allocation is $90-$250 for a family. they're losing that benefit beginning this month. reporter: got you and show me what folks are doing here.

we're see ago lot of donated food and some of the cans come from dell monte? >> yes, these are del monte brights and they're not going to market and we'll butt a label on them and get them out to families in need. reporter: they've got a little scratch and dent but that's no big deal. >> good to eat. reporter: this is not the home gamesless necessarily. we're talking working families. >> absolutely. we serve the suburbs of chicago and the majority of families are working families and struggling to make ends meet. we serve 450,000 individuals every month we're serving, which is a 55% increase over last year. reporter: stuart, i leave you with the people you're seeing here and they're all volunteers and almost amazes me how many volunteers you have that give up their time and don't get anything out of this other than the satisfaction. >> over 17,000 unique individuals come to us and give us 40,000 hours of time and that's like 60 full-time staff members. reporter: but don't have to hire

full-time staff. mr. varney, good be surround by good people doing good work. we need a little more of it these days. stuart: mr. flock, you're all right. see you soon. a bill in oregon would give homeless people $1,000 a month for a year ashley, any strings attached? ashley: none at all. legislation introduced would establish a people's housing assistance fund demonstration program. it's a mouthful, but it gives 12 monthly $1,000 payments for those suffering from homelessness or on the brink of becoming homeless. recipients could use the cash at their own discretion. people who spend more than 50% of monthly household income on rent and those who earn 60% or less of the area median income would also be eligible for the funding. the program would include a study by portland state university on how effective the

long term cash assistance program is in combating homelessness and oregon has been dealing with homeless issues for years in areas like portland as you can see, we're up to 70 tent camps that have taken -- 700 tent camps that have taken over sections of the city. stu. stuart: how do they know the $1,000 a month doesn't go straight into drugs? ashley: they don't and that's what the opponents of this say will happen. it's not law and see if it makes its way to the governor's desk. we'll find out. stuart: a fire chief on the southern border gives the president an f on immigration and comes days of whoive ick human smuggling crash left four people dead. matt fin is on the border with more, next.

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crash site with the fire chief. what happened, matt? >> we travel to do the small border town and the fire chief tells us border patrol attempted to pull over a driver and that driver fled and crashed into a utility pole sending bodies flying into a nearby car in someone's yard. that driver and three people inside the car died and that fire chief tells us the car crashed in the middle of a neighborhood so more people could have died or been hurt, and the chief tells us immigration related crime becomes the norm in his community since 2020. that chief estimates about 85 ores of his hispanic majority town support add border ball. wall. >> we need the wall. i'm sorry, we need it. reporter: what would you hope the wall would do? >> prevent this. this is one of the hardest when you have loss of life. because then people say a wall is racist. let me ask them, your house has

walls. is it racist? reporter: no. the latest numbers from border patrol this morning say more than 1 million migrant encounters since the beginning of fiscal year 2023 and the biden administration has now proposed turning away asylum seekers at our board their did not apply for asylum in any of the countries they passed through on the way here and the biden administration launch add new app allowing up to 30,000 migrants per month to legally apply for asylum and here at the border our crew haves seen a slow down in the larger groups and hundred or thousand+ people and told it could be the typical season decline and newest numbers from cvp show in december there was a record high of 302,000 migrant encounters nationwide and then to 154,000 at the border and some type of slow down and the numbers from february show there are 150,000

encounters this past month and if you compare to three years ago, february 2020, that number was 50,000 and the numbers are still extremely, extremely high and perhaps becoming accustomed to the really high numbers. back to you. stuart: matt flynn, thank you for that report. the sheriff of martin county, florida, is sheriff snyder and he's joining me now. what's the impea impact of your community on the migrants sailing to your community? >> mr. varney, good be on your show today. we feel the impact. we're like a sandwich being squeezed. we have undocumented immigrants coming to us from the southern border and have friends and family here and then our own landing and one earlier this week where 78 undocumented aliens were on a fishing boat and came across onto our beach. the impact to us -- stuart: who pays for those --

sorry to ask you, who pays for those 78 people who arrived on a fishing boat on your shore? who pays? >> well, in that case they were apprehended. our deputies, marine patrol deputies along with customs intercepted them and returned them. the cost would have been primarily for the federal government but when they make it ashore and we spend hours trying to find them in our beach communities, a local taxpayers bear the burden. stuart: are you stretched thin? >> well, every law enforcement agency probably in the country is thin because of a manpower problem, but when we have the added pressure of people coming here and can't get driver's license and banking information and sometimes they victimize others. stuart: real fast, sheriff. do you support desantis? >> yeah, i'm a big ron desantis supporter and he's the best law enforcement has ever seen in

this state and he's been a great help to us in our industry. stuart: got it. sheriff william snyder, martin county, florida. thank you very much for taking timeout and we always appreciate it. thank you very much indeed. >> my pleasure, sir. thank you very much. stuart: yes, sir. time for wednesday trivia question, it's a good one: which year was the dvd invented? '99 '92, '95, or 1998? the answer after this and tepper will play along for this one.en ♪ c, we had some challenges. i heard about the payroll tax refund that allowed us to keep the people that have been here taking care of us. learn more at getrefunds.com. plates. . . and when you add price drop protection, expedia pays you back if your flight becomes cheaper.

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stuart: which year was the dvd invenned? choices are on the screen. ashley, you're first. >> i think it is '92 or -- i'm going with 1989, number one. stuart: mark tepper? >> mainstream in 98 but invented in 1995. stuart: i'm saying 1989. okay. then is? tepper wins. it wasn't released to the public until a year later. the first commercial dv doctor. released was the movie "twister." got that? "varney & company" done for the day but "coast to coast" starts now. >> over the last three decades both democrats and republicans underestimated the ccp and pursued economic and trade policies that flat-out undermine our economy. >> we may call this