stuart: outside the temple bar in dublin.

the british toast, cheers, every buddy, 10:00 eastern time. let's get straight to the money. to the dow, not the nasdaq, 170, nasdaq is up 22 points. the banking crisis contained? yes or no? markets say not yet. the 10 year treasury yield is down again. looking at a yield of 3.43%, 14 basis points down, that's a flight to safety. the price of oil down $66 a barrel. watch for gas price cuts, bitcoin a rally in the rally continues $26,500 a coin, that's a rally, the latest read on consumer sentiment, market sentiment, what have you got? lauren: you go from 67 to 63 points in the month of march, inflation expectations

improving on the one year and 5 year horizon. expectations for current conditions of the economy fell to 66. 4, current expectations fell 265. taken partially before silicon valley bank, moving forward. stuart: no affect on the market. still where you were before the number came out. now this. america's standing in the world has never recovered from the chaotic withdrawal from afghanistan. it came in august of 2,020 one, after president biden walked into the oval office, our reputation is a strong reliable ally, still paying the price. after the withdrawal putin ramped up troop movements to the ukraine border. on the eve of the invasion president biden seemed to okay what he called a minor indication. she walked it back but the

damage was done, he showed weakness. china cracked down on hong kong killing a beacon of freedom. beijing challenged taiwan at one point, encircling the island to. with . with xi jinping have done that if he thought biden responded forcefully and russia and china have teamed up, xi meets putin in mexico next week, a full-scale state visit, the meeting formalizes the new world order, china, russia, north korea, america, and europe, a seachange from where things stood two years ago. the chief of central command issued a warning. he says we should prepare for an attack from isis in the next six months. 60 people have been apprehended at the southern border, 69 this year.

biden is weak, and they know it. president reagan confronted the soviet union, his policy was peace through strength. 40 years on biden's policy is appeased from weakness. second hour of varney just getting started. tammy bruce joins us on a friday morning. are we at risk because of this weakness? lauren: the argument is the invasion of ukraine would not have happened without the afghanistan debacle, china is trying to frighten taiwan, they want it for specific reasons. this is about action. iran has been waiting for years to act against israel. one thing not mentioned is the treaty between saudi arabia and iran brokered by china. all these things happening at

once are not a coincidence, the leprechauns are around today, it was not done by leprechauns. the decisions were made and coordinated. you have a dynamic. there is a reason for this unity. they understand there's things they want, and now is the time to do and america is on her knees again, shockingly, and they know that will change in 2024. we do things, we adjust to certain things and when something doesn't work we are generally quiet and make a shift, they saw that with donald trump and they will act and it will be dangerous here at home because of the border and our troops and america traveling abroad. stuart: let's talk ukraine. governor desantis, senate republicans distancing themselves from governor desantis's comments on ukraine, he claimed russia's invasion is a territorial dispute. the wall street journal says it was his first big mistake.

do you think it was a mistake? whose side are you on? >> desantis is looking at polls to see where the american people stand. there's some ambivalence with the money, the banking crisis, the dangers emerging. he is a politician, he's clearly running for president, let's not pretend. this is a smart man but this is where he's moving into an arena where he's not as protected, where he thinks maybe he is a superstar, he will be ushered through, that will not be occurring, we will see how he responds to this. stuart: how will he shift republican feeling? it is shifting against solid help in ukraine? will he help that shift? russians are looking at this. >> you see the republican party looking at leadership and then he has to adjust to what trump is saying and doing, he understands that but what has

to happen is understand not just what the polls say, it is about leadership, what trump indicated, should be a lesson for every republican candidate, know what you think is possible and persuade people about that issue. stuart: thanks so much. see you later. governor ron desantis formed an alliance to push against president biden's esg agenda. lauren: a pretty big alliance, 19 states vowing to use pension funds to make companies invest to maximize shareholder value and not ideology. that means half the country is saying woke is a direct threat to the finances of our retirees. they are using the desantis florida movement ahead of the presidential election and in the midst of a silicon valley bank collapse they are the poster child according to many republicans for esg, the house and senate did pass a

disapproval resolution, the labor department rule, biden says he will veto that. these governors say biden's esg push, hard-earned money, allows california elite to employ policy. that is the thing. stuart: in every sense of the word, culturally, politically, financially -- >> we were supposed to be unified. stuart: we are not. senator lankford tearing into janet yellen and bank bailouts. >> is your plan to keep large depositors from moving their funds out of community banks into big banks. >> that's not something we are encouraging. it is happening because

depositors are concerned about the bank failures that happened and whether or not other banks could fail. >> you are fully insured if you are in a big banks bank, not if you are in a community bank. stuart: ryan payne joining us this morning. do you think the banking crisis is a little bit contained? >> markets shift this week which is surprising, i think the fed credit facility basically said we have ensured every deposit which arguably might be problematic but the reality is it is functioning normally. haven't had a run on any bank since the weekend, and it is destabilized. >> however, on this show we

have several people say, in the long run from this crisis, to big banks now. >> big banks more power. i'm not a big fan of monopolies. the banks sold off the banking crisis, it is cheaper than it does, 3% yield. stuart: morgan stanley, that is not good. are you bottom fishing with big banks? >> it should be a component to your portfolio 100%. i think jpmorgan has the best balance sheet, jamie dimon is the best banking manager in the country, i think they have the

best risk management. lauren: he's the one who organized it for first republic. democrats don't like big banks to get bigger. stuart: they don't have much choice. they get bigger. >> that's not what we want to see. i don't think that is what we need to do. we have to incentivize people to borrow from smaller banks. stuart: thanks for being with us. employees that were laid off at google, one to the company to pay for their approved medical time off. how is google responding? lauren: this goes back to january when they laid off 2000 employees, hundreds of them were out on maternity leave, medical leave, you name it. they say their time off was preapproved before the layoffs and should be fully honored. google has responded.

this is alphabet, huge company, 126,000 workers, 465 tech companies laid off so far this year. if google is said not to honor full pay during leave imagine your situation at a smaller tech company. stuart: got it? you're looking at the movers and nvidia is moving again. lauren: at morgan stanley, indications that it is large language model ai, the enthusiasm is turning to stronger sentiment. stuart: warner bros. discovery. lauren: two brokerages turning bullish, they upgrade, the leverage situation from hbo is 3%. stuart: you found them. ford motor company. lauren: two issues, stock is

down 3%, brake fluid can leak, the other which impacts 20201f 150, issue with the windshield wiper. stuart: would you ever purchased forward? >> that is a treacherous one. conventional car companies not the place to be. >> electric vehicles, pretty awesome, pretty awesome. the old-school manufacturers make some great rvs. stuart: senator bill cassidy's bars with treasury secretary yellen about social security. watch this. >> why doesn't the president care? >> he cares very deeply. >> where is his plan? >> he stands ready to work -- >> that is a lie. stuart: strong stuff. where's the president's plan for social security? china pushing back on a threat by us officials to ban tiktok

nationwide. tiktok's chief executive says devasting the company from chinese owners will not solve national security concerns. we will follow up on that. florida's governor desantis against providing ukraine with f-16s. you wants peace talks now. i wonder what rebecca koffler thinks of that. i don't think she is into that. that is next. ♪ choosing miracle-ear was a great decision.

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kohler® walk-in baths include two hydrotherapies— whirlpool jets and our patented bubblemassage™ to help soothe sore muscles in your feet, legs, and back. a kohler-certified installer will install everything quickly and conveniently in as little as a day. they made us feel completely comfortable in our home. and, yes, it's affordable. i wish we would have looked into it sooner. think i might look into one myself. stay in the home and life you've built for years to come. call... to receive $1000 off your kohler® walk-in bath. and take advantage of our low monthly payment financing. stuart: is the banking crisis contains? the dow is down 260 points. poland and slovakia will send me a good 29 fighter jets to

ukraine. mike tobin is there. when are the planes going to get there? >> four fighters from poland will get there but it was anticipated once he made that to pave the way politically for other nato allies to jump in the fight with fighters as well. that appears to be the case. the advantage of the mig 29s is they trained on them. the mechanics we are trained on and other things to keep planes in the air. they will donate their fleet of mig 29s. >> there to protect their civilians from bonds that have been hitting their homes and shelters.

>> demetri pesca of said the supply of equip and can't escape the special operation but will bring additional troubles to ukraine and its people. during the special atari operation, office equipment will be destroyed. those two pilots that dumped fuel on and ultimately caused the crash of a us drone in the black sea will be decorated by the russian defense minister. stuart: we see it. rebecca koffler is with me. an expert on the region. florida's governor desantis is against providing ukraine with f-16s and long-range weapons. you support the status on this. >> has policy is sensible. governor desantis wants to save ukraine at stop the slaughter. he understands real politics, he understands four extra

warplanes won't stop putin from waging this war. is an literary officer. he understands money does not win wars, strategy does. he understands the american people cannot forever just fund this war. we provided 190 civilian -- stuart: general jack keane, four times retired united states general watching this conflict closely. not quoting directly but he says we could win it. ukraine could win this spring, he means push out russian troops from places they occupy. if we give them what they want they can win. >> theoretically yes. we won what is wrong with winning? what is wrong with going for a win? >> defined victory. stuart: expelling russian troops from the areas they occupied. >> with all due respect to

general keane, it is mathematically impossible. stuart: what do you mean it is impossible? the military is broke, they are messed up, last a thousand soldiers just the other day, the tanks don't work. >> the way russia wins the war is different. they are tactically incompetent but they are throwing people into the meatgrinder and have three times more people than ukrainians do. so -- stuart: they can't lose. >> the russian definition of victory is to continue this war. ukraine can't be part of nato. he knows he can secure of clear military victory. stuart: do you think russians would have invaded ukraine if trump were president? >> never. i will give you five reasons why. we want because of biden's weakness? >> absolutely, let me tell you

this, trump is the only us president in modern history during whose presidency putin didn't invade anything. trump understood putin's strategy and did the following things to counter, struck at the heart of it, establish the space force which countered the space warfare strategy, cyber operations, engaged russia, he expelled kaspersky antivirus software, which is kgb owned, and most importantly he authorized developing of the low yield tactical nuclear warhead for our own forces which countered putin's strategy. why is biden afraid to deploy forces into ukraine or authorize warplanes? it is because putin has the nuclear trump card. trump knew that so trump -- the

minute biden came to office, he next to that program, launched cruise missile nuclear tipped and that is why he is afraid of putin. stuart: is it just a territorial dispute? is it? that is it? a territorial dispute? they are butchering a whole country, territorial dispute? >> i would disagree that it is a dispute. it is a regional conflict and it does not affect the united states's strategic security parameter. the american people understand that and that is why they are already withdrawing support, polls show -- look, if that, i love ukraine and ukrainians and if i thought it were possible i would support that, but how long is this going to go on? stuart: we have to agree to differ but it is a good debate

and glad you are on the show. makeup, another election -- let's move on from that, the ceo of tiktok has a message for congress and the biden administration. what is he saying? lauren: the biden ultimatum, do vest or die here is not helping anyone. tiktok says a sale would do nothing to help national security because a change in ownership were not imposed restrictions or dataflows or access. tiktok is pushing their plan to use oracle to store user data. promised transparency, accountability and a firewall for the us business which is wildly popular here, 2 thirds of american teens use it, no more next week. i take fireworks next week when the ceo gives testimony before

the house committee. stuart: the obvious question is who has got $50 billion to buy out tiktok? who is going to pay $50 billion for a very risky operation with all kinds of complications? lauren: bipartisan agreement that something has to be done, to do something. stuart: just quickly, look at the dow down 350 points. if you think the banking crisis is contained, what the dow is doing may suggest it is not yet contained. the big banks coming to the rescue but mister wonderful, kevin o'leary says we don't need regional banks anymore. kevin o'leary is with us in the next hour. president macron raising the retirement age from 62 to 64, q the riots. was it so hard to raise the retirement age? we deal with that next. ♪

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stuart: going further south for the dow industrials, now 350 in the nasdaq south to the tune of 50 points. one of these triple witching days, determination of options, you can expect a lot of volatility. lauren looking at the movers and we found one that is going up. lauren: they lifted their full-year profit outlook because this cost-cutting including layoffs is paying off for them. stuart: stock is off 8%. lauren: they have one chinese government approval permit to offer their driverless robo taxi service in some cities. it is the chinese google. they are doing much of what google does when it comes to autonomous robotic cars. stuart: on my prom pricey two words of imports, ai,

microsoft. lauren: have you heard of microsoft 365 copilot? embedding artificial intelligence into the apps the workers use every day? outlook, teams, go to a meeting for instance, the ai can summarize it and it is more productive. stuart: microsoft has become an ai investment as well as a cloud investment. lauren: a leader in ai. stuart: got it. next case. 11 banks created $30 billion loan rescue package for first republic bank. i noticed first republic stock down again. what does this tell us? >> reporter: may be this rescue package is not having the consequences it intended, which is to counter depositors of first republic, saying it would

prevent possible collapse like we saw in signature bank as well but we are seeing a reversal on the gains initially made from first republic after the news of this incredible rescue. take a look at the 11 banks we see, deposited between one. $5 million each, this is an effort to protect the entire banking system from widespread panic, the banks in a joint statement said this action by america's largest banks reflects their confidence in first republic and banks of all sizes and demonstrates the commitment to helping banks serve customers and communities. as they get a boost, smaller community banks are saying they are concerned about being forced to pay for the risks taken on by silicon valley bank, the trade association represented 4200 community banks across the country, says the plan to make silicon valley

bank and signature bank depositors whole will unfairly cost them if they are slapped with fees for the deposit insurance fund. >> look what happened here, making some very risky decisions which we can't feel community banks, or they should be the ones to pay for this. >> reporter: even if this cash infusion is intended to be a band-aid, it is clear that's not working, even though that is intended, first republic grapples with a very difficult business environment moving forward with interest rates and growing awareness of uninsured and deposit balances. stuart: thank you very much. ohio's patient system took a big hit in the saucon valley bank collapse. have they lost it for sure?

lauren: i can answer that question, $32 million, the teachers retirement system, 27 million last in spv loans. small small part of their overall investment and adding in the other retirees, police, firemen, school staff, 2 million retirees and workers are affected. if you work for the state you don't contribute to social security so these tensions are the main retirement fund. do they lose it for sure? i imagine they are made whole but silicon valley bank. stuart: thanks. protests broke out after president macron bypassed the national is only to raise the retirement age from 62 to 64. welcome back. you used to appear on this program 7 or 8 years ago, welcome back, great to see you

again. why is it so hard to raise the retirement age to just 64 in france? >> the french are in denial and has been in denial and kept in denial by the political class who has been saying they can spend and spend and spend and increase benefits with no consequences and like in the us the french government benefited from extremely low rates and it is continuing forever and doesn't last. this is exactly, we are all facing, the french are in a precarious situation when interest rates start going up, and you put all your bets on really low interest rates that will never go up, when those rates go up, you are in serious trouble. stuart: let's relate this to

america's social security, listen to republican senator bill cassidy, he pressed hard on janet yellen about social security. watch this. >> does the president know personally anybody who is dependent upon social security and if there benefits are cut by 25%, they will slide into poverty? >> the president knows many people and social security -- >> why doesn't the president care? >> he cares deeply. >> where it is plain? >> he stands ready to work with -- >> that is a lie. >> i know the president is committed to social security. he stands ready to work with congress. >> don't mean to be rude but since i have multiple questions on a bipartisan to mesa's -- he has turned everyone down, that rings hollow. stuart: kind of the same thing here, isn't it? we need to raise the retirement, that's my opinion, we need to raise the retirement age but can't do it. >> we need to raise the

retirement age. the french are doing this, baby reform really. we need to raise the retirement age, we need to have a structural change in social security that would allow us to preserve and save benefits and make them whole for seniors who are dependent on social security and the conversation is a conversation we don't want to have in this country. when the president and some republicans are saying we cannot hatch social security, what it means is by 2033 when the trust funds dry out, the law is going to revert, social security is going to revert to a pay-as-you-go system meaning a cut of benefits across the board by 20%. this is what it means if we don't do anything. this is what happened in france. we told them for so long they

didn't have to do anything and he believed it. they were told there was nothing to do it enough money to increase benefits and to keep special retirement plans who could retire at 52 and now it has gone to the head and they are facing the reality they don't want to see it but it doesn't change anything. stuart: i've got to leave it there. don't be a stranger, don't wait another 5 or 6 years. to the markets, pay attention to the dow industrials, sharply lower, down 375. jpmorgan and the banks are members of the dow 30 and they are down sharply. goldman sachs, citigroup down 3%, bank of america 3%, that

suggests the containment of the banking crisis is not yet done. 16 people on the fbi terror watch list were arrested crossing the southern border, 16 in one month. frightening. we got the story. hispanic voters outpacing in 6 states. daniel gaza is here telling us what is behind the surgeon hispanic voting. these next. he is next. ♪

stuart: on the markets, plenty of red ink. people are worried what will happen this we can. we are looking at banks, investments, how they are doing, how they are going to

lend them money. that's the scenario this weekend and the market does not like it, down 400 points. look at the losers, morgan, american express, goldman, banks down today. hispanic voters are outpacing non-hispanic voters in six states. texas, florida, and new york. daniel gaza here. explain why the surge in hispanic voting? >> i think there's a lot of factors why we are seeing this, mainly latinos are tired of bad outcomes and bad policy. the fever has broken with the neglect that the center-right had with the latino community, they are connecting on the issues, they see alignment on economic opportunity,

empowering parents energy abundance, making sure medicare for all was led by government systems and bureaucrats, not the way to receive health care. all these things are contributing bad outcomes. what are the policies? who are the champions of good policy? stuart: tell me how the hispanic community feels about all the illegals coming into america or 2 million in the last year. how do they feel about it? >> i don't know if any people in any nation that are not concerned about their border. the border is not a space you play woke games or practice woke experiments. lives are at stake when talking cartels, smugglers that the narco traffickers who do harm to america and americans, they

want a balanced approach making sure we have border security that is effective and efficient to adjudicate people and let them know if they qualify for refugees or not or legal channels to address market forces. this administration is losing control with adequate attention at borders causing a lot of strife in the community and rejecting -- stuart: what would the hispanic community say about sending the us military in mexico to go after the cartels, what would be the response to the hispanic community? >> i don't know if that would be too provocative. obrador is not playing ball. the republicans sent a message

to mexican president obrador, that he seemed committed to refusing to address national solutions to alleviate the situation. sending the military would escalate the situation. it goes to this administration, it is not a good thing but cooler heads can prevail but we need national talks that are better and more efficient and it will require a willingness to do it. stuart: thanks for being here. we appreciate it. hope we see you again soon. crime in los angeles so bad the liberal da's office offers shuttles to work to avoid the danger. we have the story. the homeless agency in seattle wants $12 billion to solve the problem, but they offered unlimited vacations on the taxpayer dime. jason rantz here to explain after this.

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stuart: george guess cohen looking to keep workers safe from rising crime. i said before, shuttle buses to avoid the dangers. is that what they are doing? neil: if you work for the government, you drive your car to a meeting spot and a shuttle bus will pick you up and the same thing on the way home. stuart: that is the way you avoid crime? lauren: los angeles is dangerous but the buses, trains, public transportation is dangerous there too. la workers getting free shuttle pickups because it's so dangerous, the los angeles daily news says if you look at serious crime, aggravated assault, murder and rape, public transportation up 24%. stuart: old california.

lauren: i know the streets are dangerous but public transportation is too and you are just like there is no end insight. stuart: someday they will get fed up and vote in somebody who will do something about it. listen to this. the homeless agency in seattle wants $12 billion to help solve that problem but they just offered employees unlimited vacations on the taxpayers dime. i don't get into. we need a seattle guy and we've got one, jason rantz is with me now. get right at it. what is going on here? >> the homelessness authority basically in charge of solving homelessness in the entire county driven by seattle. every full-time employee is offered unlimited vacation which is absurd on its face. you have people in high level positions who don't get that kind of perk but it stinks a little more when you realize

they ask for $12 billion to solve homelessness over the next five years which is an absurd number for them to put out for a budget. they are not likely to get that. homelessness has gotten worse, not better. they don't actually believe in putting people in shelter and refused to do sweeps. the only time they will do that is if you can guarantee that person will get permanent housing. if it is a studio apartment they will start sweeping. stuart: why the unlimited vacations? i don't get that. >> because they have a certain group of people they are trying to convince to work for them. this is part of the -- the complaint is they don't get treated well. in addition to that we 6-figure salaries -- stuart: netflix just canceled their children's show ridley jones which features a

non-binary bison, a bison the doesn't identify as male or female. jason is still with me, the show was for children as young as 2 years old. why are they targeting kids like this? >> they want to change the culture. we've seen this over and over again. you've got entertainment, netflix or elsewhere, trying to introduce these concepts to kids early on so they start to adopt the language and the belief that gender doesn't actually exist, that it is fluid, that you as you watch this don't have to be a girl. stuart: i wish i had more time but i don't. that was a very interesting story. thank you. still ahead, who have we got? kevin o'leary will come in, steve helton and tomi lahren. the dutch government wants drastic restrictions on farming in the name of climate change. these rules are set by young urban elites, the crunch came, when dutch farmers came out to vote and they won hands down.

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>> the idea of a drone striking these the fentanyl plants in mexico sounds like a pretty good idea to me. it's the federal government's responsibility to the keep our citizens safe. >> i'm not concerned about the money-centered banks, this is just the