at 3.74. that kind of volatility is really something to scream from the headlines, because that is a very big deal. as for bitcoin the rally continues. it is at 27, nine. earlier it was over the 28,000 mark. volatility all over the place. that is the markets. now this. back in 2008, they're was an intense debate about bailing out the banks. now we're not in that dire crisis situation at this point but we have seen buyouts of troubled banks, some backstopping of banks, pledges of insurance for depositors and pledges of really, really big money still to come if needed, what would we do if things really got out of control as they did 15 years ago? maybe a little history is appropriate here. when a slide began all those years ago, a bailout bill was presented to congress. opposition was intense why

people asked she had we bail out banksters as they were called? the bill was rejected. the market dropped like a stone. very quickly the politicians reversed course. voted for a full bailout. faced with a bail or crash decision, politicians voted to bail. the calculation was bailouts are bad, but a whole lot worse. i would suggest if our current bank crisis heads south, we were faced with a bail or crash decision, the politicians would vote to bail. that is a tough call for president biden because the main fault lies here with the federal reserve, let's not forget his massive spending. fed printed too much money too long. the government spent too much for too long. bailout decisions are political decisions. politics demand as fix. you don't go into any election with a economic crash on your hand. complex situations, crises

abroad, debt crises at home, a crucial decision from the federal reserve this week. the president and the fed are between a rock and a hard place. second hour of "varney" just getting started. ♪. stuart: all right. get into this banking situation. jacob is with us a reporter at "barron's," he has been following this story. jacob do you think we're on the brink of a 2008 style bailout? >> i don't think we're on the brink at all, the brink definitely not but i do think there is significant risk if you look at some things that transpired in the last few weeks, the scale of what is happening. it is not small beans. i think we thought that at first but you have to be really conscious that even though today there has been bailout-like activity from a government standpoint and a big bank standpoint, you have to be really careful there is some

risks laying in the weeds. we could get there. let's not be naive. stuart: doesn't look like we're getting there at this point. could you say that the crisis is winding down, stablizing just a little, softening a little? >> it is absolutely stablizing. youseen ubs buy credit suisse, two billion dollars a third of the market cap on friday. stuart: right. >> we're seeing banks that need to get bought, assets, that need to get sopped up get sopped up. you're seeing all those high-tech companies get their cash back from the, get their cash saved from the initial issue with svb. so we're seeing a immediate stabilization of the system today. i think the big risk is, if you look at some financially weaker banks that can't just sell assets at losses in order to you know make sure if there is a bank run or something, you can't get a bank run, if you have that, some of the financially

weaker banks with not freight balance sheets having to sell things, that is when there could be hit to economic activity because then you would see a hit to loans in the economy. stuart: supposed the federal reserve on wednesday afternoon comes out says we're raising rates, 25 basis points. that is what the market is expecting, what impact on banking crisis. >> i don't know if actual 25 basis point increase in the fed funds rate will have a huge impact. actually i think the fed needs to look really carefully at the banking issue in the next few month as well as just inflation. this is no longer business as usual for the fed right now. by the way fed discount window was like $150 billion roughly. that was kind of on par with what we saw in the financial crisis. so i think with the big market in economic risk is right now is if the fed tightens wae is a lif bank run deposit pulling activity and less lending going

on, a little bit of hit to economic activity while the fed keeps tightening really aggressively. you see a lagged impact of all of that in the next few months, to me that is the big economic risk. stuart: okay. last question, supposing things really start to fall apart like they did in 2008 and we are faced with a question, bailout or let them crash, i say no politician will let them crash, all of them, republicans, democrats say bail them. what say you? >> i think the most important point you made in your intro a few minutes ago was that president biden presumably would like to get reelected. this is a moment where he clearly, would have to go with bail than crash. stuart: rock and a hard place like the fed. >> it is not an easy situation. but, i would have to say biden will err on the side of bail. stuart: jacobson thanks for joining us, sir.

>> thank you. stuart: oil prices down to 15-month low, that was friday. at one point goldman sachs thought prices could hit $100. they're hedging that bet because it is 65. lauren: they now see brent averaging 94 next 12 months. that is down from the call of 100 that was one of the more bullish calls out there. it seemed possible at the time. goldman sees potential recession because of this banking crisis. that would outweigh the resurgence of demand from china. cheap gas in the future. stuart: got some stocks moving this morning. financials, that is interesting, most are on up side, ones on the screen. what about enphase energy? i saw that go up. lauren: 6 and two third's percent, skole solar power equipment-maker. they are a beneficiary of the inflation reduction act. they say the stock is going up 22% to $225.

stuart: here we go bed, bath & beyond. lauren: well below a dollar. removed from the s&p 500, s&p small cap 600. announced a reverse stock split that signals trouble. the board is hoping would push the higher. it doesn't work. stuart: foot locker, up, sideways. lauren: nice gain of almost 5%. benefiting from increase in foot traffic, improved inventory when the sales rose in the fourth quarter. stuart: overall, dow industrials up 338 points as we speak. lauren: good. good. sigh of relief at least right now. stuart: when i woke up this morning looked to futures they were down about 150. you have a big wing here. >> ubs was tumbling. credit suisse was tumbling. nothing was working regulators were doing. stuart: mike pence blasted the manhattan d.a.'s office over former president trump possible indictment.

roll tape. >> at a time when there is a crime wave in new york city, the fact that the manhattan d.a. thinks that indicting president trump is his top priority, i think is, just tells you everything you need to know about the radical left in this country. feels like a politically charged prosecution here. stuart: all right. jason chaffetz with us this monday morning. jason, a politically charged d.a. allegation, you agree with that? >> it's political hit job in my opinion. i think vice president pence is spot on. all the things going on in new york city, this will be the priority, suppose owedly on a charge he passed on in the past? they have been going after donald trump for six years. they can't even regurgitate what this supposed charge is. this is all about politics. ironically it will make president trump even stronger, particularly with the republican base. stuart: so you think if there is

an arrest and indictment, this benefits trump certainly in the short term amongst republicans. what about the long term. >> well, i think it goes to the heart of what republicans and conservatives are concerned about, there is a two-tier system of justice. you look in new york city. look out across the country. they don't go after the bidens where they're taking money from chinese interests while in office and donald trump is paying somebody to deal with a nuisance charge. the person who pays somebody gets charged and the person who is out take enriching their family from their public office doesn't even get looked at. that is what the heart of what the concern is, two tier system of justice. stuart: i think there is a real concern here that the neutrality of the court system is being undermined badly because if you go forward with a political indictment of a former president who is currently campaigning for

the presidency, you just switched the judiciary to become a political machine. i think we'll be bearing the consequences of this a long time to come if bragg does what he says he is going to do? >> bragg campaigned on it. the prosecutor campaigned on it. they said they were going to get donald trump at all costs and this is what they have come up with. it is an absurd charge. it is not something -- how is it that they charge him with a state violation on a federal race? that makes no sense. if they were going to do something, it would be the federal level, not the state level. so i think this is all geared just getting trump, embarrassing trump, but ultimately i think it backfires. stuart: bring you into the bank bailout question. >> sure. stuart: let's suppose that the banks really get into much more serious trouble like in 2008. should we bail them out or let them crash? , in your opinion? >> i think, i think you hit it spot on two points, stuart.

number one is, members of congress talk a tough game, quickly bend, no we will have to bail out, we were given no choice. number two you have to deal with the systemic problem, the underlying problem is, the federal government is spending about 23% of our gross domestic product. if you want to address the underlying problem the reason we're raising rates is because there is inflationary pressure. why? because the federal government is artificially throwing trillions of dollars into the economy. congress actually wanted to act to solve the problem, stop spending so much money! the money appropriated one and two years ago is just now coming into the market. that is the problem. stuart: got it. jason, thank you very much for being here. i know we'll see you again soon back to the possible arrest. former are attorney to the president, michael cohen, he will testify before a new york grand jury today. what can we expect from michael cohen? lauren: yeah.

from bob costello first, that is who we are looking at the screen. he will testify it is expected this afternoon. he was called on by trump's attorneys. "the new york times" seas costello would testify to undermine the credibility of michael cohen, his former client. cohen is a witness for the d.a., alvin bragg. the grand jury is considering indictment of trump over the alleged hush-money scam. if they can charge trump falsifying business records as felony offense, violation of state lech hundred law. critics are crying foul. authorities are high alert trump rallied supporters to protestifies. if indicted he could still run in 2024. he could still win, some people are making the case this would help him win. stuart: either way. coming up kim jong-un calling for nuclear readiness against the u.s. and south korea. this warning follows north korea ballistic missile teslas

weekend. former president to taiwan set to make a historic visit to china next week. first time a taiwanese leader will visit there since 1949. we'll have details on that. right now xi xinping is in moscow meeting with putin. china is trying to brand x i as a global peacemaker. next up i will ask kt mcfarland if she believes china is really a peacemaker. we'll be right back. ♪.

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tough look at that carefully to see which dow stocks are up so much because the nasdaq is now down 41 points. let's go to foreign policy. right now china's president xi xinping is in moscow meeting with vladmir putin. this comes one day after putin made a surprise visit to the ukrainian city of mariupol. mike tobin in ukraine with the latest. mike tobin. >> reporter: stuart we have public comments from president xi and president putin. mostly pleasantries as they get ready to start their meetings. president putin said russia reviewed president xi's 12 point proposal to solve the conflict in ukraine. he said russia respects them open to negotiations. ukrainians not so much open to negotiations. ukrainians are watching closely to see if they can diffuse the isolation putin experiences. they are interesting how much support they will offer to russia.

you anians, one parliamentarian doesn't believe they will go far to offer russia weapons. president xi is interesting in a reasonable way to end the conflict. ukraine is not interested in sees fire until there is complete withdrawal including crime. >> i don't think president xi will stop the war and at the same time i don't think he will support putin. this visit shows axis of autocratic regimes, it is strengthening. the only answer on this should be strengthening of democracies and democratic access. >> reporter: vladmir putin was uniquely defy sanity over the weaken facing arrest warrant issued by the internatioal criminal court of alleged abduction of 16,000 ukrainian children. he stead up in crimea but stepped out the mainland. he made a late night visit to mostly destroyed city of mariupol. that was the first prolonged

devestating battle of the war which civilians died in a maternity ward and bomb shelter. ukrainians compare it to the criminal revisiting the scene of the crime. ukrainian press is running a nugget, saying there will be a phone call with president xi and president zelenskyy after this meeting in moscow wraps up. time and date not specified yet. stuart. stuart: that is important. mike, thank you very much indeed, moving on chinese officials are framing the trip to moscow as quote a mission of peace. kt mcfarland with us now. china says they're a peacemaker. do you believe them, kt? >> no. china's figured this out so they win no matter what happens. if they can negotiate a peace deal between ukraine and russia, china is now the new international global minister of peace in the new chinese world order. and if they don't, if the fighting continues, well, it is to china's advantage as well what does it do in war of attrition which is what this is, it bleeds out the russians for

sure and pleads out united states and europe. the united states especially because we're spending what, $100 billion a year to pay for the ukraine war? china's maneuvered this pretty well but what i think is really the frightening thing is that china is now moving out very aggressively, very quickly to say, the world has changed. it is now the chinese world order and it is, we're in charge. we can do a peace agreement in the middle east between iran and saudi arabia. we're only ones working on a peace agreement over ukraine. oh, by the way, we're also declaring a global civilization initiative where in the chinese world order all you countries keep what you want, civilization, society, culture, unlike the american world order they try to shove woke down your throat or in the case of the middle east, 20 years of forever wars with nothing to show. stuart: seems to me xi xinping is winning. if he is winning is this a fail,

a big fail for u.s. diplomacy? >> yeah, it's huge fail. i mean i think these are really dark days, no one seems in washington seems to be worried about. the chinese have positioned themselves in such a way where they're telling the world, look, we're the future. america is the past. america is in decline. come with this new chinese world order. look what we'll give you? we'll build you a 5g internet. a infrastructure dominated by artificial intelligence we'll provide. by the way you keep your own system of government. we'll bribe a few leaders along the way. we'll not be like virtue signaling americans want you to have woke cultural agenda which is widely unpopular global south, south america, africa, asia-pacific southern region. the chinese, they're doing a lot of making a lot of strategically smart moves while what are we doing? we're focused on the global, i mean on the cultural civil wars in the united states and the

woke agenda. >> okay. former president of taiwan goes to china. the current president of taiwan will be coming to the united states to meet speaker mccarthy. what is going on here? >> well, couple of things. a lot of this is for domestic taiwan politics. the leader, former leader of taiwan, he had a more pro-china policy, accommodation with china policy. the current president of taiwan has a different policy hers is independence of taiwan. taiwan is sovereign nation-state. while the taiwan current president is going to the united states, beijing is scrambling. they want to have the former president come to china. he is not supposedly going to meet with xi xinping. he is on a cultural visit but the symbolism is very important because they're trying to show that taiwan isn't all in for taiwan independence. that there are two different wings of taiwan. also what it shows to the globe,

we still got our ideas and ambitions in taiwan and we'll achieve them over time. stuart: who would have thought a new world order led by china? who would have thought? good lord. kt, dramatic stuff. dark days indeed. i agree with you there. kt mcfarland. thank you so much. >> thank you, stu. stuart: the market up nearly 300 points. next case, leader of north korea kim jong-un is telling his country to get ready to launch nuclear attacks. what is that all about. >> look who is here. stuart: u been way down under for two weeks. you got a suntan. that is not makeup, man. >> yes. no. stuart: let's get to the point here. what is north korea doing, what about nuke cheer attacks, tell me more? >> yes, what a fun story to kick it off, back from vacation. stu, good morning, the threat comes from the north korean leader is accusing the u.s. and

south cree carrying out military drills with american nuclear assets. kim jong-un released a statement saying in part that the nuclear force of the dprk will strongly deter, control, manage the enemy's reckless moves, prove situations and high war readiness and carry out their mission without any hesitation. usual stuff from north korea. north korea launched a intercontinental ballistic missile. the u.s., south korean navieses marine corps kicked off large-scale landing exercises today in five years. north korea frequently condemned those exercises, comparing them to a dress reversal for an invasion. stu? stuart: welcome back, good to see you, ashley. >> good to be back. stuart: in australia. a news crew was robbed while reporting on the rampant crime

in san francisco. the reporter said it took less than four seconds for the thieves to steal all they got. we have that story our next hour. the mayor of miami beach declared a state of emergency after two people were fatally shot during spring break. police say the partying is out of control. we'll show you what is going on down there. that is next. ♪. you'll always remember buying your first car. but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. at t. rowe price, our strategic investing approach can help you build the future you imagine. with dexcom g7, you can achieve diabetes res without fingersticks. see how exercise affects your glucose, making it easier to spend more time in range

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all in favor of that. [ horn honking ] there's a lot of buttons and knobs in here. stuart: on market this morning the dow up 300. nasdaq down eight points. quickly look at interest rates. this tells a lot about the story of the morning. the 10-year treasury, starting with the two-year. the two-year treasury yield has gone back up to 3.91%. this is an extraordinary turnaround. early this morning there was a flight to safety because of the banking crisis into these treasurys which put the yield down. same story with the 10-year. earlier this morning a flight into the 10-year which pushed the yield all the way down. that has come off. the flight to safety is not so extreme now. yields are going all the way back up again. this tellings you something about state of play in the banking crisis. lauren seeing movers, oh, amazon

down 3%. lauren: let me tie big tech into this. most of big tech is down, rates are going up. there is 72% probability that the fed increases rates by 25 basis points on wednesday. stuart: that's it. lauren: remember, this was the sector. amazon was up 9.1% last week. because the expectation was, oh, maybe they do nothing. people were even talking about a cut. so things have drastically it shifted. amazon is down in a big way. stuart: big tech, is not a safe haven because rates are rising again. down they come, get it. groupon, still around. lauren: i know. barclays says they're worth four dollars. they're calling for more cost cutting to shore up cash. they admit it is tough to get constructive on the name, on the company's turnaround prospects with customer declines worsening. the stock, is down half of 1%. it was down much more earlier. stuart: they are saying it is worth four dollars and it is four dollars. oakley. lauren: down, down. stuart: what are they doing? lauren: so confused today, up 7%

so they have a partnership with starbucks here. guess what? they have one with mcdonald's in austria to provide the oat milk for their coffee. when you partner with big name, mcdonald's or starbucks you're stock goes up. stuart: that is not doing well, if when your stock is at 2.49 a share. >> i had it by accident with a coffee. i took two sips of it and threw it out. i don't know the brand. stuart: city of miami beach imposed a curfew for spring breakers overnight. ashley, how bad is it down there? >> chaotic, out of control. the curfew comes after two fatal shootings on the weekend on ocean drive in miami as the crowds gather for spring break. combined with st. patrick's day. police say both shootings of people visiting the city.

arrests have been made in each case. miami beach mayor dan gelber imposed a curfew from midnight last night through 6:00 a.m. it is expected the same curfew will be imposed thursday this coming monday, march 2th. the city blaming excessively large, unruly crowds for the clamp down. i was looking cell phone footage, a group of jumping on suv, jumping up and down on the roof of the car. completely out of control. we've seen it before. stuart: thank you, ash. dr. marc siegel, you went down there to observe spring break in florida, at a time fentanyl seems to be all over the place. your concern with drugs and fentanyl. what did you see? >> before i get to the fentanyl what ashley reported is absolutely true. 4:00 in the morning i saw people walking across the street, eating pizza, drinking, totally

disregarding even what hour it was. you independent couldn't get down the street at 4:00 in the morning. i want to applaud the idea relieving the restraints of pandemic, kids saying let's celebrate, let's respond to all of the depression we're dealing but the problem is there is no boundries on it. i agree with the city of miami in terms it of imposing a curfew which i never agree with, but let me tell you why. we're filming the showdown there with lawrence jones which is incredible. we're talking about crime, he picked out, saw guns in cars. this is really dangerous. we found out an hour later two blocks from us that murder occurred. this was extremely, is an extremely dangerous situation. of course drugs are feeding it. and of course the cartels are involved in it because fentanyl is pouring across the border. it is getting to the high schools. it is getting to the colleges. it is getting online to social media. stuart: did you see it? >> it is propagating during spring break.

stuart: did you see fentanyl being used, the effectses of fentanyl on the beaches when you were there? >> i saw the effects of. i saw how people were. i can tell. i saw people were not just einebriated. they were also with drugs. i saw a positive side if there is one. i saw a lot of people with narcan. kids were down there with narcan in case they needed to use it with anyone falling on the ground. i thought that was a move, in a sense in a positive direction. that antidote is becoming more prominent. i could definitely tell there were people down there under the influence of not just alcohol, not just marijuana but stronger drugs, including opiods. stuart: talk about the drug ozempic is being used for weight loss. i'm told there is all kinds of knock-off versions safe. are these knock-off versions safe. >> hello tiktok i've been talking about the lass few

weeks. you can go online, get telehealth. people say i feel full. i feel nauseous. i'm vomiting. no real doctor. i can be a telehealth doctor too. i would never prescribe a drug that way. the problem this drug was originally approved as biatta back in 2005, a long time ago when there are all kinds of versions what is known as a semiglutid what ozempic is but there are different versions. this is potentially very effective drug t has significant side-effects. it needs to be prescribed by an expert. it has gone out of control, stuart. stuart: doctor, thanks very much indeed. thanks for coming back to us, dr. siegel. >> thanks, stuart. stuart: democrat senator, i repeat democrat senator mark kelly breaks with his own party on the border. he calls it a crisis. a democrat calls it a crisis. we have the story. the border patrol says there

is 925% increase in chinese migrant apprehensions from last year. up 920%. we hear the cartels are charging 30,000 bucks or more per person to get them here. griff jenkins with the full story after this. ♪. ♪ what will you do? will you make something better? create something new?

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about an aarp medicare supplement plan. stuart: we're just receiving this. more big-time layoffs in big tech. look at amazon. they will lay off 9,000 more employees. the ceo, andy jesse, sent a memo to the staff today. the stock is down more than 2 1/2%. big tech layoffs continue, amazon, 96 bucks. fox news cameras were rolling this weekend when a group of chinese nationals tried to cross illegally into america. yes they were intercepted. griff jenkins at the border for us. we're hear that the cartels are

getting more than $30,000 per chinese illegal migrant. griff, is that accurate? >> reporter: it is accurate, stuart. good morning. in the officials here at the border say some are paying even more, upwards of $50,000. we ran into more chinese but it is not just chinese. i have been up, stuart, since 4:00 a.m., went out with texas dps troopers. first thing we ran into this morning, group of nine colombians here on the screen. i asked them. one gentleman spoke english. each migrant paid 1800 to a smuggler to cross. about 30 minutes later we went head first, chasing migrants in the brush. we can show you that video. this was, the border patrol using a dog, along with texas dps, they apprehended here three mexican nationalities. they were deep in the brush. they wanted to be got-aways,

wanted to evade capture. a little hour ago, i show you a fresh tape. we ran into a group of five chinese nationals gave themselves up shortly after crossing to these border patrol agents. that is something i'm seeing every single day here in the rvg over the weekend. i had a group of five of them, literally you can walking up to my car, i drove down a road patrolling. why the border patrol chief here in the rgv they're seeing 920% increase. in one day, thursday of last week, stuart, she says they got 90 chinese. all of this is why republican congresswoman laura lee says it is just a disaster brought on by president biden's policies. >> his policies at the border are not just a failure, they are an unmitigated disaster. we heard testimony that we lack operational control. that our border isn't secure and as a consequence, mexican drug

cartels are using our southern border to bring fentanyl and human trafficking into the united states. >> reporter: stuart, another final note, after those new february numbers were released we learned that there were 16 individuals who hit the fbi's terror watch list, bringing the fiscal year total to 69. now 98 was the record set last year. in the prior five years from 2017 to 2021, there were only 26. so we're on pace to break that record as well. that is frightening from a national security standpoint. stuart? stuart: absolute it is. griff jenkins on the border. we'll see you again soon. the president of mexico, he thinks, he knows, he think hes knows why there is a fentanyl crisis in america. ashley what does he think he knows? >> you will not believe this one, stu, mexico's president blaming a lack of love in

american families for the devastating fentanyl crisis. try to think that one out. president obrador, said quote, there is lot of disintegration in families, a individualism, love, brotherhood, hugs, embraces, why they, u.s. officials should be dedicating funds to address the causes. the mexican president has denied by the way fentanyl is produced in mexico. he also claims people in his country don't consume the drug, however, according to the dea mexican criminal organizations are increasingly producing wholesale quantities of fentanyl pills themselves then snuggling them into the united states. stu. stuart: another one for you, senator mark kelly, democrat, arizona, he is breaking with his democrat colleagues on the border. >> yeah. stuart: is a democrat finally calling it a crisis? >> believe it or not, yes. he says there is a lot more to

do on border security. he says democrats can't keep ignoring what has been a long-term emergency. my goodness. take a listen to this. >> it's crisis. it has been a crisis on the southern border for years, not just during this administration but before this. border patrol has such a hard time handling the numbers. you know i don't agree with some of my democratic colleagues on this. i mean this is a really, this is very challenging for border states. if you're a small town on the southern border in arizona or texas or california, this has been a real struggle and we've got to do more. >> something republicans have been saying for a long time, kelly went on to say it's a mess, it's chaos, it's crisis after crisis. he works in washington to bring more border patrol agents to the state of arizona. a democrat finally getting it, stu. stuart: finally. he didn't say a word before the

midterms. >> finally. stuart: not a word. he is a border state senator. >> right. stuart: ashley, we'll be back to you later for more stories. now this, jen psaki, former press secretary for biden debuted her new show on cnbc over the weekend. she came out swinging against republican. >> republican wokeness public enemy number one. republican campaign against wokeness may not be as campaign issue as you can hope. you may let your woke flag high. stuart: >> concha will react to her debut. what was the biden family doing to get the money? mark meredith reports after this. ♪.

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committee chair james comer, he promises to press forward with his investigation into the biden's family business dealings. mark meredith is with us. what information is congressman comer already have on the bidens? >> stu, good morning to you. they recently got bank records. members of this committee are asking more questions based off the records they have obtained how the bidens have been able to generate so much money over the last several years. as you talked about the records from the committee show in 2017 then private citizen biden and his immediate family including first son hunter, received money all from a family associate as part of a deal with a chinese energy company. congressman james comer leading the investigation says his committee's work is just getting started and they plan to look at even mirroreds within a matter of days. >> right now it looks like the biden family just pocketed this money. this is one deal. we have 11 more to go. i'm pretty confident we'll be getting more bank records in very soon. >> reporter: the white house

pushing back calling it a bizarre attack on the president's family. the president himself not talked a lot about this in the past but on friday night, just as he was getting ready to head out of town. listen to this. >> [inaudible]. president biden: family deals. >> [inaudible]. hunter biden business associates sent over a million dollars to three of your family members in -- president biden: it is not true. >> reporter: so the president saying it is not true. we heard from the legal team representing hunter biden saying there was nothing nefarious here. he was working to do these business deals as a private citizen. we also heard from the committee who said it is not just about politics for them. he wants to see this as a to shape further ethical rules, new legislation to prevent families of american political leaders to profit off political connections. stu, right now they're going through the investigative process. stuart: got it, thanks, mark.

let's bring joe concha in on this. the story is blown wide open. it is looks like a smoking gun but there is no outrage, joe. what is going on? >> that is the thing, stu. we saw during the trump years so many bombshells based on unnamed sources, anonymous sources people close to the president. in this case, in hunter biden's case, maybe even the president's case we have actual bank receipts. we have emails have been verified. there are smoking guns all over the place here and yet you see the silence around this story. it is unbelievable as far as this not being pursued the way it should. the bottom line is that the contents have been verified by multiple news organizations on that laptop, albeit well after joe biden took office, not when it mattered before the election in 2020 when the "new york post" brought the story. can you imagine a world where multiple members of the trump

family, trump, jr., ivanka, received multiple payments from a chinese energy country for services rendered? we don't know where the services rendered in the biden's case, so many family members received hundreds of thousands of dollars in the latest bank receipt bombshell mr. comer has unleashed here. look the bottom line, stu, until we see a media actually take interest in this maybe the bidens can get away with this. that is ultimately where the court of public opinion will be swayed. stuart: i need to get this in. former white house press secretary jen saki debuted her new show over the msnbc weekend. she said you have to wave the woke flag. you think that is reliable, intelligent political move, wave the woke flag for democrats? >> well, it is amusing, stu, when looking back there was a bidding war for jen psaki's services between cnn and msnbc. when she finally has a show on msnbc, they give her the noon slot on weekends which isn't

exactly a highly paid host would covet to do a show. as for psaki's argument, she is woke as they come. as press secretary she said major league baseball should move the all-star game out of georgia because woke politicians said the law suppressed minorities. it doesn't. we've seen. she said the republicans wanted to defund the police. that is asleep to reality. jen psaki thinks going woke is a winning policy. asked charlie crist in florida when ron desantis ran against woke and won by 20 points. stuart: 19 points and change. joe, thank you very much. still ahead, florida congressman greg stuebe, million dollar listings, josh at mann and steve forbes. no matter what you think about donald trump if he is indicted and arrested, he thinks he will be, it will be a disaster for our judicial system and our politics because this is clearly

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