that is our daily epipen. maria: yeah. >> unfortunately. maria: james? >> well i think we can argue about how much more, how fast the fed should reign in the money supply and what should be beyond dispute is while the fed is tightening, the federal government, the fiscal policy side, the white house should not be raising taxes, proposing new taxes. maria: that's what they are doing. >> proposing new regulations. maria: that's everything they are doing and waiting on biden's budget tomorrow. kayleigh there's other things going on as well a weaponization hearing, a covid-19 origins hear ing today in washington. >> republicans are going to be busy on capitol hill and it'll be really interesting to see what comes out of each of the hearings. maria: hold them accountable adam johnson, james freeman, kayleigh mcgee-white, thank you so much. have a great day, everybody. markets are higher see you again tomorrow. stay with fox business. "varney" & company begins now stu take it away. stuart: okay, maria, good morning to you and good morning, everyone. let's start with your money, because after yesterday's big sell-off, you have to be

wondering what's going to happened to. a little caution here. there's more fed testimony coming today. possibly market-moving jobs report friday, and that key inflation report next week. we have, by the way, we had a strong private sector jobs report first thing this morning, so, look at this. here is where we're going. after a 574 point loss yesterday , the dow will be up all of 25 points this morning, s&p maybe a point, nasdaq up 10. that's not much of a bounce, now is it? the other market mover is interest rates. investors did not like the 10 year treasury yield hitting 4% yesterday. well the news this morning is it's back down to 3.93 and they didn't really care very much for the two-year treasury hitting 5%, or that's where it is now. 5.003%. a lot of people getting into the six-month treasury. the yield there moving further above 5% you're at 5.25% now on a six-month treasury. politics. in mexico, two americans rescued , two americans dead

after attack by cartel gunmen. fox's peter doocy asked the white house what the president would do if it were isis operating just across the border. kjp replied, the fbi is on the case, but there are several leading republicans urging military response inside mexico. my question is, what about spring break? china's tiktok taking more heat. the white house supports a congressional move to ban it, and this is the 39th anniversary of ronald regan's evil empire speech, where he called out the soviet union. why not an evil empire speech today calling out china, and/or putin's russia? we have the desantis headline of the day. he says florida is a wild success. why not run the rest of the country like he runs the state? politics and money, that's what we're covering on this wednesday , march 8, 2023. "varney" & company is about to

begin. take one step at a time, there's no need to run ♪ stuart: i've got it. one step at a time, trying to link the song to the federal reserve, one rate hike at a time , i think. todd: that's a great hypothesis. i just assume because you lead the jordon sparks fan club at fox business i thought that was the reason you played it but your hypothesis is more correct. lauren: i'm frustrated with this one step at a time, frustrated with the song and frustrated with the fed chief. stuart: let me explain where we're coming from. fed chair powell has signaled that more rate hikes are on the way. good morning. lauren: good morning. stuart: wait a minute. is there any chance the white house would step in because they don't want more rate hikes. lauren: well of course not. no, they aren't going to directly step in, but i mean, you have to imagine that biden wants the economy as strong as it can be ahead of a potential second term, so the white house told this to

reuters. "the white house isn't going to interfere with the fed's management, but we're dealing with one month of data, as in pretty strong economic data, and people need to sit back and take a breath" so they are basically saying, chill, but biden's approval ratings go up and down based on inflation. they do. so the ability of the fed to engineer a soft or a hard landing is absolutely critical for him. blackrock now says the terminal rate is going to 6%. why am i frustrated? because we thought we were in the camp of 25 and now they've reintroduced 50. just get the rate where you need it to be, and hold it there. stuart: well you're frustrated with this. you're frustrated with fed watch ers. lauren: stop speaking. not you, the fed. stuart: you don't know where they're going. they got this constant speculation. hold on a second. i know you want to get into this todd: i do, sure. stuart: look at futures this morning. this follows the fed's statements of yesterday. tiny fractional gains. i'm not calling that a bounce by

any means. david nicholas with me now. look, david. we've got day two of powell's testimony this morning. jobs report friday, cpi next week. this is a big, this is a risky market to be buying into right now, isn't it? >> yeah, stuart you're right. i can not overestimate how important this week is. we have the big jobs report friday like you mentioned and look, good news for the economy, good news on jobs, is bad news for the federal reserve. we're really in a lose-lose scenario because if we get a print and watching higher than 200,000 jobs on friday, i think we see 50 basis points, and what is so frustrating right now i agree with lauren and you on this is you've got jay powell with flip-flops on, he's got a shovel in his hand and he just keeps digging this hole deeper and deeper because if they go 50 basis points which i think they should, that just erases all four policy guidance that we've had up until this point so it's really a lose-lose when it comes to the fed, stuart. stuart: isn't this the classic scenario if you have got fresh

money you don't put it into stocks because of all of the risk. you put it into bonds because you can get a 5% return guaranteed. >> you know, you were the pioneer on this , stuart. i think you were early on this bond trade before anyone else so i credit you for this but you are right. here is what i would tell our viewers. you got to be careful. there's two things that matter when looking at bonds. it's the duration and it's the quality so just take agg, one of the most popular bond funds. it's an investment grade bond fund but a nine-year average maturity. i like a shorter term on the bond curve so look at a fund like fiax, our treasury fund with an average duration of one year and i'll tell you why that makes sense because lauren just mentioned it. we've had a few people talk about how the terminal rate is going higher above 5%. if rates go higher, you can still lose money on bonds, which is why you want to stay on the shortened of the curve, also quality matters. i like treasuries here, stuart, even though we have a debacle coming out of d.c. with spending and debt, which is just in sane. government bonds are still the

safest bonds you can buy so we like treasuries over investment grade bonds here. stuart: got it. david, thank you very much for being with us this morning. see you again real soon. next case. >> thanks stuart. stuart: ghighi sohn, she's withdrawn her name from consideration. lauren: yup. stuart: what happened? lauren: so this was a big deal because it was for the tie- breaking seat on the telecom regulator. there are five members so two republicans two democrats. sohn would have been the tie breaker for the dems. she was dominated over 16 months ago but she just withdrew. here is why. some critics say she wants government control of the airwaves to sense on conservatives. senator joe manchin says he wouldn't vote for her. this is part of his quote. the fcc must remain above the toxic partisanship that americans are sick and tired of and he continues, calling attacks on her character cruel. she adds it is a sad day for our country, and democracy when dominant industries with assistance from unlimited dark

money get to choose their regulators and with the help of their friends in the senate, the powerful cable and media companies have done just that. stuart: okay. all right, i want to move on to the housing industry. the real estate market. we just dot the latest read on mortgage applications. good or bad? lauren: good. good news ahead of the spring buying season. stuart: more applications? lauren: yes. volume increased 7.4% last week from the prior week, because more inventory. there are more homes on the market and i think potential buyers are saying well we don't see rates going down anytime soon. rates last week the mortgage bankers association quoted them at 6.79%. that's high, but still, you saw this rise in applications. stuart: i think mortgage rates have gone back above 7%. if they aren't there already, where the 10 year treasury hitting what was it 4% you'll be above 7% very quickly. that's the way mortgages look. lauren: the two-year moved 100 basis points in one month's time stuart: that's 1 percentage

point to most people. lauren: that's a huge move in a month. stuart: it sure is. 10 year treasury now 3.93. next case, the senate has introduced a bipartisan bill to ban tiktok. roll tape. >> we do need an approach that does away with this particular technology and come up with a more systemic process in which to examine these risks and to act on them. >> the strict act would give the secretary of commerce and authority and responsibility to identify and counter threats in the u.s.. a series of mitigation tools given to the secretary up to and including the opportunity to ban stuart: okay, i watch both those sound bites, todd, and it seems to me they are going to ban this thing. todd: i think that's where it's headed but what is taking so long? each day that our children have access to tiktok is another day that our kids are falling behind the chinese in terms of

education. it's another day the chinese ccp is -- stuart: todd? i'm sorry to interrupt. todd: you disagree? stuart: that's gone far too far. todd: why? stuart: everyday this goes on our children losing more in educational terms to the chinese how do you link that to tiktok? todd: because tiktok is two- faced. in china tiktok is only designed to give students education and lesson plans and stuff like that and in the united states, all it does is distract kids with videos of silliness and teaching them to do ridiculous things. it is a known tactic by the ccp that we've had guests on our show that have explained this , that the double-sided nature of tiktok, the students in china do not have the same access to the shenanigans on tiktok that our students do and it's hurting our country. stuart: i don't see it. todd: it's a fact. stuart: i don't see the shenanigans. all my grandchildren are on tiktok they like the videos et cetera. is that doing serious harm? are they a national security risk, really? todd: it's not necessarily that's the security risk part of

it. the security risk is all the data these individuals in china can get through our apps because when you have tiktok on your phone, basically, they get above and beyond what a normal american app gives in terms of data, so it's a double- lose-lose for americans, and that's why they are acting so quickly. if i could just add one more thing. what i don't like about this. it doesn't go far enough, stu, because what this allows you heard mark warner say it there. it needs to be deemed a security risk. this gives government new powers for all kind of foreign software, which is good and bad. i don't like giving the government new power. stuart: we'll leave the subject so long as you make my point that it is the teacher's union and the public schools which have ruined education for american children. todd: oh, 100%, stu. stuart: now we have to move on. i want your reaction to two americans killed in mexico. what do you think america' response should be? todd: terror labeling of the cartels. it is simple. it doesn't require much more than that. they are poisoning our nation through fentanyl.

they are destroying our border through human trafficking. they need to be labeled a terror organization. stuart: okay staying on this , senator lindsey graham says it's time to get tough on the mexican cartels. watch this. >> i'm going to introduce legislation, jessie, to make certain mexican drug cartels foreign terrorist organizations under u.s. law and set the stage to use military force if necessary. stuart: so, is military force in mexico the answer? we're going to debate that one. the white house and media are accused of downplaying atlanta's cop city riots. georgia attorney general chris car promises to prosecute everyone involved. the attorney general is next. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq,

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stuart: the white house and the mainstream media are being criticized for downplaying atlanta's cop city attack. tell me more, todd. todd: by way of review 35 people were arrested in atlanta over the weekend, protesters accused of throwing rocks, fireworks, molotov cocktails at the construction site of a police training center. 23 now facing domestic terrorism charges but you wouldn't know it if you listen to the media and the white house. watch this. >> this is to defend the atlanta forest movement and they have events scheduled all week. they are mostly environmentalist s trying to save a wooded area. >> protesters say they are both concerned about the centers environmental impact and its symbolism. >> some protesters accusing police in this latest incident of violating civil rights. >> this is the first time i'm hearing about this protest over the weekend, so just would have to come back to you on that. todd: and numbers-wise the media barely dedicated time to the

story. in fact good morning america gave it the most coverage with a whopping three minutes and 20 seconds and stu, an atlanta bail fund is taking donations, of course, to support the suspects charged with domestic terrorism. we'll make sure that kamala harris gets the note because she likes to give money to bail funds and also, this was from about a concert festival that was happening next door. i didn't see dave matthews there can't be a concert festival. stuart: let's get more serious the attorney general of the great state of georgia chris car joins me now. your honor, are you going to prosecute everyone involved to the maximum degree? >> stuart, thank you for having me on. absolutely, if you have committed a crime, you will be prosecuted for it, because let me be clear. protesters, peaceful protesters use words. rioters use violence, and when you start coming to our state, you throw rocks through buildings and you throw molotov cocktails at police officers and burn down construction vehicles and shoot police officers, that's a crime, and in georgia,

we have a law. if you use violence to damage infrastructure or property in an attempt to change public policy, and influence decision-making, that's domestic terrorism and it carries a five- to-35 year charge, so yes, we had 23 individuals sunday that were arrested and charged with domestic terrorism and that joins the 18 others and only five of them are from the state of georgia. stuart: your honor, i want to know who contributed to the bail fund for these guys. are we allowed to know? >> well, that's part of the investigation. that's part of what we're going to look into but know this. this is a well-organized national and now international organization, as we've had an individual from canada and an individual from france who were also arrested, and again, stuart, i think the message is this. we're not oregon and washington. we're not going to look the other way. i will defend your right to come and peacefully protest and even

disagree with the building of this facility. as unbelievable as it is to me that people could oppose better- trained not just law enforcement but first responders and firefighters, i can't believe that this has become what it has, but i'll defend your right to peacefully protest , but not when you come down here and you engage in violence. you will be held accountable. stuart: it seems like a war on police. my next question is, has bail been set yet? it should be in my opinion. it should be a very high bail. >> well, all of the individuals except for one were not granted bail. the one individual was the lawyer for the southern poverty law center, and he was granted bail but everybody is going to have their day in court but i appreciate the approach that the court has taken in this because again, that's part of the issue. we had an individual that was arrested in december who was bonded out and was arrested in january as part of the incident

that occurred where a police car was lit on fire, so yeah, that's just demoralizing to police. it's demoralizing to our community. folks got to be held accountable but again, these individuals, they don't believe in the rule of law. we do. we have to follow the rule of law. we have to present our case in court and i am confident that we will do that and we'll be successful as we go forward. stuart: chris car, the attorney general of georgia. thanks for joining us, sir, appreciate it very much, thank you. >> thank you for having me. stuart: georgia just passed a bill to give cash to low income pregnant women. why are they doing that? lauren: my opinion, because of the ban on abortion in georgia. so if more women are having children, they might need financial assistance. the bill might not help many families, however. it's estimated 300 women in the entire state would benefit from this. how much would they get? about $280 a month. why so limited? because of the work requirements around getting the aid, but governor kemp is expected to

sign this bill. stuart: got it. are americans feeling good about their financial future? todd? you know the answer some todd: in a word, no, stu. a new poll from fannie mae showing that just 31% of people expect their financial situation to improve this year. survey also shows only 28% of people think the economy is headed in the right direction. overall, stu, still struggling with high prices and based upon what we heard powell say the senate fight against inflation, far from over. have prices gone down in your world? they haven't in mine. stuart: no absolutely not. they have gone up and i notice it every week, i notice it and i notice also that the rate of inflation at the consumer level right now is approximately 6%. wage increases are less than 6%. todd: not even close. stuart: so people are quite right to say, we're not getting any better off now and we don't see much improvement in the future. todd: and even those in the stock market they aren't seeing growth. it's not like their 401 (k) are rising. stuart: in fact they are down 20 -odd percent over the past year maybe. what you got? lauren: on this?

i've got a lot. i know every time i go to do anything, we speak anecdotally all the time about how much things cost. i'm shocked sometimes but separately, i'm just so confused by some of the market action that we're seeing like the nasdaq, which is so sensitive to rates. outperformed the other indices yesterday. why was that? stuart: yeah. lauren: does that mean we're talking about you have wages but also job cuts coming. are they now more right-sized for the climate because of these tens of thousands of job cuts? stuart: good question. i'm going into bonds. lauren: that's where you get return and stability. stuart: look at futures if you were hoping for some kind of bounce after yesterday's 570 point drop, the dow is up maybe 20, nasdaq up maybe 16 that's not a bounce. the opening bell is next. ♪

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like when i decided to host family movie nights. miracle-ear made it easy. i just booked an appointment and a certified hearing care professional evaluated my hearing loss and helped me find the right device calibrated to my unique hearing needs. now i enjoy every moment. the quiet ones and the loud ones. make a sound decision. call 1-800 miracle now, and book your free hearing evaluation. stuart: all right, futures indicate a go nowhere opening to the market this morning, after yesterday's huge loss. you remember the dow was down 574. d. r. barton is with us this morning. look, same thing i say to you as

everybody else. more powell testimony today. jobs friday. inflation figures next week. it's a very risky time to be putting money into stocks right now, isn't it? >> stuart, i think your supposition is spot-on because the volatility is so big in the markets right now. if people are not willing to deal with that, they've got to go with your plan a. yesterday was a 1% down day in the s&p and the ninth time we've done that just this year, so people have to know where their own risk tolerance is, and having another plan than just dumping a lot of stuff into stocks is a good thing to be thinking about right now. stuart: isn't this the right time to be considering if you got spare cash, go to bonds. short-term bonds. isn't that the intelligent move at this moment? >> you and i have been talking about this since you've been

bringing this up over the past year, stuart. you know, we started looking into this , not really the past year, not last february , but starting last fall , we certainly talked about i-bonds for people with smaller amounts of cash, and those really shorter term bonds, now the three and six-month bonds over 5%, so yes, that's a really good place to park short-term money. stuart: you always bring with you one stock that you like and today you brought with you amd, the chipmaker. tell us why you like them. >> well, they've been making a lot of end roads and a lot of different places, stuart. especially at the expense of intel, but they had been one of the stronger chip stocks and i think what we're seeing is here at a bottoming of all of the semiconductors that we have a chance into this year and next for some longer term money to get some real appreciation in this area. i think amd is right to have

some outside activist investors start to come in and peck at them. we've seen some kind of sort of rumors there, and that would give you a lift in your stock. i think this could be a 10% stock gain from here into the end of the year. stuart: okay, we'll take, well, some of us will take your advice and some will just go back into one-year treasury and the six- month t-bills. we're following both tracks here d. r., thanks for joining us. good stuff. now, we've got about what, 25 seconds to go before the market opens. we usually put up on the screen the scene from the new york stock exchange and the nasdaq, where they are all standing around clapping and cheering. they make you do this , by the way. if you're ringing the bell, you got to bring a lot of people with you and stand there and cheer. >> [opening bell ringing] stuart: that's what they are doing right now and in three seconds, they will be opening, oh, there you go judge aquilina on the market, we've opened up and we are up, well no, sorry

we're down nine points on the dow industrials a fractional loss. i can still hear them cheering in the background, and we do have about half winners and half losers on the dow 30 even though the dow itself is now up all of two points. the s&p 500, also opening really flat to slightly higher a two- point gain is nothing and the nasdaq same story it's up .19%. very little price movement so far today. big tech mostly higher. apple is led whoing above 150. alphabet at 94, microsoft 254, amazon and meta both down, just a little. that's all we've got. show me occidental petroleum, please, because i understand that warren buffett, very powerful guy on wall street, is buying more of the stock. >> one of the richest people on the planet. he already owns a quarter of the company. he is the single-largest shareholder in occidental so he added berkshire, i should mention added another

$350 million in stocks so they bought another 5.8 million shares over the past several days, and that's because of his belief in the oil patch, higher oil prices, and the first time that berkshire and buffett have increased and bought more occidental since september last year. stuart: can you imagine what it's like to be sitting there with a couple hundred billion dollars? >> i think he has $128 billion in cold hard cash, so you can't just sit on cash, well i guess you can with 5% rates all of a sudden, but if you're an investor i guess you look for opportunities. stuart: he's got 120 billion how about that. next case is tesla. did they get a downgrade? >> yeah, well, speaking of someone who has a lot of cash, elon musk is worth around $200 billion or so, but today, his stock is down because it was downgraded to a hold, and the stock has run up by 60% so far this year in two months and those price cuts increasing demand according to berenberg has already been priced into the stock rally and the bigger news this morning is

that nitsa investigation into steering wheels on model y's that could potentially separate and fall off. 120,000 of these 2023 model y's, the suv's are now being investigated for the steering wheels that were installed improperly without an important bolt, which may separate when force is applied so if you have one of these model y's, made this year, i think you should double check. stuart: that's bad pr, isn't it? the steering wheel might fall off. how about ford? >> [laughter] i'm so sorry, there's so many jokes running through my head, because the wheel has fallen off , anyways, ford following tesla's lead cutting prices in order to get people in so they are cutting their mustang mach e by around $7,000 and remember tesla kept their prices to end last year by 12-20 % or so and also ford already cut those prices here in the u.s. by close to $6,000 and again trying to keep up with tesla and those model y discounts.

tesla has cut prices now on those top end models bias much as 20% as i showed you to start this week and that's why some people say that the stock has run up so much. stuart: what is dan ives, one of the guys who we like on this program, what is he saying about apple? >> well so i'm just bringing this up because we're talking about the analyst community and dan ives, friend of the program, is upping his price target this morning to 190 on the stock and that might be a reason why apple is outperforming today and that follows goldman's call when they brought in this new analyst now all of a sudden goldman is calling 199 for the stock and same thing with dan ives. they both believe there is continued iphone demand services growing double-digits and of course this unknown of a possible virtual reality headset coming. stuart: one of the themes that you and i have developed is that the cybersecurity group, that space as you might say, is doing very well and i understand you have got another small gain this morning? >> crowdstrike. stuart: 6%. >> well they had some pretty good earnings so this is pretty much in line with what we seen with palo alto, i'll throw in

the c 3 ai's of the world, these are huge money makers. the stocks are so far this year. i'll throw in line with the ai boom. not only did crowdstrike do better last year, but now they are guiding for something really important in this new year, 202. it's something called free cash flow. do you know what that is? so when companies make sales, they generate cash, you can use that cash to do other things, and so $200 million worth of free cash flow generated in that quota which is pretty good in this environment. this is the new ebidta, i know you love the acronym so crowdstrike getting five target price hikes this morning one full upgrade, westlake going up to 2.03 on the stock. i mean, you can make a lot of money almost doubling your money over the next 12 months and we seen the same thing as well for palo alto, c 3 ai almost tripled so far this year but i think it's because of the ai boom as well. stuart: absolutely tied into that. stich fix. again, tell me what they do.

>> so they are, [laughter] they are like an online stylist. stuart: thank you. >> bigger losses than expected to end last year which was a bit surprising and again, as i mentioned to you in this environment and i'll be talking about this a lot this year, free cash flow actually came in positive for the first time in 12 months so that's positive. now founder christina lake was brought back into try to turn the company around. she's not doing, well not in the first three months or in that quarter to end last year. stuart: campbells, as in soup. >> yeah, better earnings raising sales guidance for the year and this is what we call pricing power. remember high inflation, those tins, and tin costing more well they were able to raise prices to make more money. stuart: that's a british expression. in america it's a can, in england it's a tin. >> oh, okay well i was just using the alloy to specify what exactly faced inflation pressure s. stuart: very good response there well-done. >> it's 9:30 in the morning. stuart: i see bed, bath and beyond on the screen there it is up 3%. i thought they were dead and dying. >> well here is the thing. some people said that they were

on the brink of bankruptcy. all of a sudden they raise a surprise $350 million in a capital raise. out of nowhere. surprised wall street and why the stock is up so much so they sold convertibles and bonds and keybanc, one of the analysts on wall street says it's one of the strangest capital raises they have ever seen in 20-plus years on wall street, meaning it just came out of nowhere and there are questions about where this money is coming from. stuart: has it got anything to do with the actual sales in bed, bath and beyond or is it just fooling around with the stock as a meme stock maybe? >> well here is the thing is that there's a bifurcation, whether you're a retail investor meaning the average guy, or you're an institutional investor, right? this money has to come from the institutional side in these raises, and so people are wondering well who actually put up the money? that's the question. stuart: a week ago we did the story of nordstrom withdraw ing all its stores, closing down in canada. now, they got an upgrade? >> that's right. so they got upgraded to buy argu s research and the investment firm said that nordstrom has divested they say

from the unprofitable parts of the business, so shutting down canada, 2,500 jobs by the way are going in those store closure s, has healthy upside and i can imagine for that ryan cohen is in the stock, remember from chewy, so i think that's also a plus and a tailwind. stuart: magic name, susan we'll see you again. >> thank you. stuart: coming up governor ron desantis touts florida's prosperity in his state of the state address. roll it. >> we defied the experts. we bucked the elites. we ignored the chatter. we did it our way. the florida way, and the result is that we are the number one destination. stuart: now, that sure looks like his 2024 message, doesn't it? an explosive new book uncovers the left ideological war waged against america's youth. one of the authors, bethany mand ell is here to give us an inside look and then two of the four americans kidnapped in mexico were found dead so it poses the question. do we deal with the cartels

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stuart: two of the people kidnapped by mexican cartels have been returned to the u.s.. the bodies of the other two who were killed are still in the hands of mexican authorities bill melugin in brownsville, texas. tell me what do mexican official s say now? reporter: stuart, good morning to you. what they are saying is they are still looking for more suspects in this attack and right now, we are in front of the hospital here in brownsville where those two surviving americans are still being treated, as you mentioned the two deceased americans their bodies still in mexico right now with the fbi saying they are working on getting them back. new this morning take a look at this picture. this is the first suspect that mexican authorities arrested in connection with this attack.

they say this is the man who was guarding the shack where they found the americans being held yesterday. they were found in that wooden shed about 30 minutes outside of matamoros yesterday saying this guy was guarding it and only identified as jose guadalup e and again they are looking for more suspects in this attack. take a look at this video from yesterday. the two surviving americans received a mexican military escort back to the united states where they were handed off to u.s. authorities for medical treatment. they were in ambulances. mexican authorities say the cartel gunman moved the americans around from spot- to-spot to try to throw off investigators even bringing them to a health clinic at one point, and that one of the surviving americans has a gun shot wound to his leg, though he is expected to be okay. the fbi releasing a statement which says in part, "the surviv ing two victims were transported to the port of entry in brownsville, texas, where they are receiving medical carat a local hospital. as one of the victims sustained serious bodily injuries during

the attack." we are working with department of state on the recovery of the deceased victims to the united states. now, those americans were attacked just minutes after they crossed the border into matamoros on friday and we're told they were a group of friends from the carolinas would came for a medical procedure and then came under gunfire in their white minivan and what exactly happened leading up to that gunfire remains unclear but multiple federal sources tell fox news they believe this was a case of mistaken identity with the americans potentially being mistaken for haitian drug smugglers. attorney general merrick garland says he's outraged by the attack and there will be consequences. take a listen. >> the cartels are responsible for the deaths of americans and we are fighting as hard as possible the dea and fbi are doing everything possible to dismantle and disrupt and ultimately prosecute the leaders of the cartels, and the entire networks that they depend on. reporter: and as a result of

this deadly attack on americans, some lawmakers on capitol hill are now renewing their calls for u.s. military intervention when it comes to the cartels. some of them saying they should be designated as terror organizations. stuart we'll send it back to you stuart: bill melugin, thanks very much indeed. now fox's peter doocy pressed the white house on how they plan to respond to the cartel killing of americans. watch this. reporter: now americans are being slaughtered. would president biden be taking the same approach if it was al qaeda or isis operating just across the border from an american city? >> the president takes this very seriously. he takes this very seriously. the fbi and other agencies have been on top of this from day one , and so that's what he's going to continue to do. when it comes to americans lives and when it comes to the safety of americans, the president's always going to make sure that that is a top priority. stuart: okay, that's the white house answer. lawrence jones joins me this morning in new york city. lawrence? there's a real divide here.

some want america to deal with this inside the united states. the fbi problem. others want to use the military inside mexico. do you have an opinion on this? lawrence: well a couple of things. first i don't know why the press sebaceous needs the binder for a response to the top story in america on the international stage. someone is supposed to be a friend, mexico, allowed this to take place. number two you've got the attorney general that said they are doing everything in their power. they aren't. if you want to tank the cartel, then you go after their money, and unfortunately, this administration is more concerned about allowing legals in. what they don't acknowledge is the same people that are getting the people across the border are the same people that are doing human trafficking as well as getting the drugs across the border as well, so the administration can do something. i do support the military action of actually taking it to the enemy. stuart: whoa that's strong stuff , lawrence. the repercussions.

lawrence: well i think fentanyl is stronger so since they are killing americans and not our friends, i think mexico should welcome our military into deal with it, since their country is so corrupt. obviously that's not going to happen. obviously the diplomacy be done with mexico at that point, but again, this is going to escalate even more, stuart. we're seeing americans now not only being affected by the drugs now, but the violence. i wouldn't go to mexico, honestly. i wouldn't. stuart: spring break is coming up. you would not go to mexico? lawrence: i wouldn't go and as you know, stu, i cover spring break every year. i still do it on my show and normally i'm talking about the drugs and the partying and everything like that that are going to be impacted. last year i covered it. you've got four people that were going to west point that dropped like a rock from the fentanyl. two of them, they were just trying to resuscitate the other, the fentanyl as they were getting the cpr, hit them and they overdosed so again, i think these kids need to be very

cautious. just don't try things, because you don't know what it's laced with. the dea estimates over 50% of the drugs out there right now has fentanyl in it. it's not something you should take a risk on but again if our government truly cares about these kids, they need to up the ante and i don't understand how you could not advocate for military action at this point. stuart: okay. lawrence jones, we will be watching you on lawrence jones what's it, "cross-country" 10:00 saturday night fox news. lawrence: thank you, brother. you're my brother so you got to say that we're related. stuart: okay, brother. lost at birth. [laughter] >> [laughter] lawrence: way down the line. stuart: the producers are saying get on with it stu but i thought that was funny! we've got a new poll, and it shows where americans stand on immigration, and you've got the story. todd: here we go, stu. americans remain largely divided on how many immigrants and asylum seekers should be allowed to enter the country. 44% said they think fewer

immigrants should be allowed in. 34% said it should remain the same. another 20% said immigration should increase. okay? the numbers largely the same on asylum, 43% saying the u.s. should reduce the number of asylum seekers; however, there's a slight increase in the portion that said asylum should increase, 24% while 30% said it should remain the same. not surprisingly, stu, a lot of this falls on party lines. democrats want more, republicans want less. stuart: yeah, but we failed to point out that a million immigrants come to this country legally every single year. todd: correct. stuart: more than any place else we bring them in legally. thanks, todd. lawmakers from both sides of the aisle renewing their cause to ban members of congress from trading stocks. we have the latest on that effort after this. ♪

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stuart: lawmakers from both sides of the aisle renewing calls to ban washington power players from trading on the stock market. how about that? grady trimble on capitol hill. you know, this is not going to be popular with politicians, now is it? reporter: some of them support this actually, stu, surprisingly , on the senate side republicans senator josh hawley

is putting forward two pieces of legislation and the first would effectively ban high level executive branch officials and their spouses from buying and selling stocks. this comes after a "wall street journal" investigation found more than 2,600 officials invest ed in companies that their agencies oversee. the other bill would put similar restrictions on members of congress. >> there's no reason that executive branch officials should be able to use privileged or private information to make profits on while they are serving the government. executive branch officials should not be able to own individual stocks just like members of congress, shouldn't be able to own individual stocks and my legislation would ban both of those things. reporter: on the house side, republican congressman chip roy and democratic congresswoman abigail spanburger are making their third go at barring members of congress from trading individual stocks and the rule would also apply to their spouses and dependent children. this time around, they have a new republican speaker of the house in charge.

>> we intend to do with this legislation is ensure that never can a member of congress walk out of a briefing or walk into a vote and buy or sell a particular stock based on information that they heard or based on a vote they will take. reporter: spanburger is pushing this legislation today before the house administration committee. her bill with roy has more than 50 co-sponsors, stu, running the political gamut from congressman adam schiff to matt gaetz. people two people don't often see eye to eye who support this measure. stuart: that's interesting. grady thank you very much indeed and todd thank you very much for joining us for the hour. todd: we always have fun. stuart: a minor disagree disagreement. todd: we always have fun during the commercials. stuart: you were wrong and i was right. coming up, bret baier will be with us, martha maccallum will be with us, texas congressman

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