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that lock themselves arm in arm and trying to prop up this contagion, but we haven't solved the problem. >> i assume they want to nominate trump and think trump's the best person to run against. i don't think democrats are allowed to behave rationally when it involves trump. it's very hard for them to say, why don't we be reasonable about this. >> china has been giving lethal assistance to russia for the ukraine war since the very beginning and i would be cutting trade. >> do you think we'll get out of three decades of misguided china policy and not suffer any qualms. stuart: it's a beautiful morning. yes, it is. this is the first full day of spring. it's march 21 or 22? 21, first full day of spring. you're looking at cherry blossoms, cherry trees in

washington dc. their peak bloom is tomorrow and that's truly a beautiful morning. get to the markets and dow industrials up 200 points and looks like the banking crisis may be softening a little and up goes stocks. show me the big bank stock prices please. they're on the upside this morning. there we go. got them. okay, bank of america, morgan, citi group, jp morgan up up percentages and that's a nice gain. that's the markets and the banks. now this. in loss angless, 600,000 students will stay home as the teachers walked out in solidarity and more than 1,000 schools shut and no remote learning. laughably the school staffer's union said they're walking out because they accuse the school district of unfair negotiating

tactics and the teacher'sdownon backs them up. the public schools in our big cities are a disgrace. has to be said. the democrat-run teacher's union don't care about the education of children. how many times do we have to report the chronic decline of the teacher's union and public schools. randi wiengarten giving the schools $122 billion despite their failures and teachers in los angeles in solidarity demanding more money and more pay. in chicago, there's a mayoral election and the teacher's union backing a far left candidate, mr. johnson. he taught in the public schools and collects a huge pension. if elected, johnson will be negotiating with the union that pays him and put him in office

doses anyone care about the kids? so many can't read or do math at grade level. there's an increase in charter schools and they're academically outstanding and so the heavily minority student body is great. i repeat, public education, especially in our big cities is a national disgrace. the union just got to go. third hour of varney starts right now. stuart: all right, still on education. listen to what a democrat lawmaker says about parents getting involved in their children's education. roll it. >> i see access as a problem and parents being able to direct their child's education and a lot of parents did not finish high school. i am extremely concerned that we would put money in the hands of parents who are not qualified to make those decisions stuart:

that was appalling. take it on, please. parents not qualified to have a say in their children's education. >> well, appalling of course but completely revealing. this is the instinct of so-called expert whether it's superintendents, principals, teachers and union leaders and we know better than you, mom and dad. we have a certification from a left wing college and tells us what the latest else fad is that raises the self-esteem of your kid and won't teach them history or civics or how to read through using pho phonics and we've dismissed all the stuff that works and that's why your my take was so spot on. these are monopolist ick educational cartels that exist to extort money from taxpayers and they're only good at one thing, they're good at failing kids. that's their strongest track record for decades. trap them in schools, extort for

more money and increase teacher pay. i walk intoed my kid's school today, classical christian school we choose to send them to, the teachers make much less than public schoolteachers in the state of tennessee or across the country but they're there because they want to pour into the kids and they're interested in ensuring they excel. that's not what happens inside schools that you see in los angeles and chicago and you point out kids are the result of the gravity. school choice and parents goat choose where the dollars go for their kids and the best education, which would not in most cases include a failing public school. stuart: well said. pete, hold on for a second. i have professor brian brenberg sitting next to me. what do you think of parents not being allowed to make a choice for their child's education. >> first of all, pete was a

terrible child in school and i agree with him 100% on this. here's what's going on. i would take a working class parent over a phd education expert any day. why? because the working class parent cares about their kid and what their kid's going to do in the future. that phd today in this activist moment, they're pushing ideology, not the money has to follow the kids. stuart: pete, look at la teacher's strike and they're on strike in sympathy with the school staffers and 600,000 kids will not go to school today and might not get back to school till friday. the people are suffering the most are the kids. and they're minority kids mostly, pete. >> yeah, and they're locked out

after covid and suffering that learning loss and remote learning loss and protesters in solidarity are government-funded worker who is have pensions, they're going to be fine themselves, are paid plenty as teachers and most have tenure and can't be fired and brian is right, william f buccally said i'd rather be governed by the first 40 names in the phone book than the first 40 names in the harvard faculty. that's the same here. give the parent as chance and no so-called union experts. stuart: unions have to go. if you want real change, if you want real success in america's public schools, get rid of the union. we're in agreement on this. pete, thank you very much indeed. you're always fired up in the right way. >> thanks, stuart. stuart: we like that. see you later, pete. brian is with me for the hour so

he's got to stick around. >> i'll try. stuart: here we go, house freedom caucus said they've imposed any increase to the universal guarantee under bank deposits and calling for an end to government bailouts. that's what the republicans are saying in the house. think that's a good move? >> yes, no more bailouts. i do not want a nationalized banking system in this country, and i'll -- you have the most eloquent my take on the esg problems stuart. that's exactly what's happening here and they're trying to take your money and put to their own uses and i'm concerned if they keep bailing out banks and it comes withstrings attached government. stuart: the dire situation with the banks and a bit like 2008 and if we get to that position and if we do, it's letting them crash and no politician will say that. >> i agree but that's the processer with the politicians and who we have in office. stuart: you're right.

>> fix that problem. stuart: you're right. calm down. de-calf, baby. decaf. we have exxon up. lauren: yeah, the banks to this and seems like right now the fears of the crisis are easing g and oil is up for the second day and exxon up 3% today and tomorrow. inventory reports and using more oil and supply goes down and price would go up and oil up $1.68 today. stuart: ford. the electric explorer and it's the best selling vehicle and more on the show. we're talking about nike and

foot locker and takes them from $32 price target to 60. they're closing 400 stores, 400 that are in shopping malls because that's not how people shop anymore. stuart: 400. that's a huge one. lauren: do that and save money and stock goes up. the supreme court will take up the first cryptocurrency case today. coin base is looking to stop a pair of class action lawsuits and we'll tell you what's at stake. right now china's president xi jinping holding formal talks with putin in moscow and xi just invited putin to visit china for heaven's sake. we're watching the meeting and bring you the headlines. take a look at this, russian weapons shipment explodes in a fire ball and no one claimed responsibility for the attack in russia-occupied crimea and mike tobin has the latest from kyiv.

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this is just coming at us. an explosion in crimea reportedly destroyed several russian cruise missiles that were near a train station. microphonen is with us in -- mike tobin is with us and he's in ukraine. >> this is the first time ukraine claim add -- russia claimed a strike in russian-claimed crimea in more than a decade. vladamir putin was in crimea where the strike took place. there was a shipment of caliber

cruise missiles being shipped by rail. a ukrainian spokesperson said it was for the invaders to leave the peak spl anyones louisiana the war has seating visits from the leaders -- competing visits from the leader of china and ukraine. japan provided only non--lethal support to ukraine and supplies like body armor. this as president xi is in moscow suring up relationships with putin. the west is nervously watching the possibility that china could help supply weapons to russia. rom emmanuel weighed in with a statement among the two specific leaders and xi stands with a war criminal. the u.s. announced an additional $350 million worth of ammunition sent to ukraine effort and that's for the himar system and

rockets for the system and shells for the cannons. president zelensky announce that had european allies weighed in with an additional 2 billion euros worth of ammunition. stuart: mike tobin, thank you very much. the pentagon is aiming to speed up the delivery of the tanks to ukraine and looking to get there as soon as possible maybe adds early as this fall. mike waltz with us this morning. are they getting there, congressman? >> i could only imagine if they had a number of these weapons before the invasion and one, could have potentially deterred putin, certainly changed his calculus and ukraine would be in a far better place if they had stingers, hymars and armor they've been asking for for years beforehand and that's a lesson we've got to apply when

it comes to taiwan providing all of these things after entire cities have been devastated or in the case of taiwan or taipei has been devastated is too little too late, stu. stuart: on that subject, xi jinping is meeting putin right now in moscow. what should we do if china supplies lethal weapons to russia? there's been suggestions we restrict trade drastically and would hurt the economy, wouldn't it? >> would hurt our economy, absolutely, but the thing the chinese fear the most is being cut off from europe's market and from ours. stu, one way or another we've talked about this, we are going to have to pull our supply chains back home if we can't get them here, then the western hemisphere or at least with

allied countries and we see this alignment of dictatorships. stuart: what level of contact is there between our administration and xi jinping? we're told that the chinese say xi jinping is too busy to take a phone call from president biden. i don't like the sound of that. >> what's more alarm asking that the military contacts i've been told have all but stopped and so the risk of some type of miscalculation in the south china sea where we can't literally pick up the phone and the chairman of the joint counsel and did not have their phone calls answered so we're entering into a very dangerous period and at the same time this partnership between russia and china is very real, it extends

into space, it's with energy, it's with trade, and they're conducting joint military exercises. we -- they're only going to be deterred by american leadership and by strength, and i think right now they perceive weakness. xi see as void on the international stage, they cut a deal between iran and saudi arabia and now they're looking to insert themselves as the peacemaker in russia and ukraine. this is where the united states needs to lead on the global stage. i just don't think we're seeing it. stuart: 30 seconds. if president trump was the president, would all this have happened in >> there was a healthy fear of what president trump would do. i want our enemy, i mean, you can be liked, respected, and feared and i want our enemies to fear us. he was the first to arm ukraine

in the first place after obama threw blankets at the problem literally, and i think they absolutely won't have done this. stuart: congressman mike waltz, always a pleasure. thank you very much, sir. we appreciate it always. thank you, sir. now this, ben and jerry's founder, one of them, ben cohen, is the top donor to a group campaigning against u.s. supporting ukraine. ashley, come on in, please. on what grounds does ben cohen want to hobble ukraine? ashley: well, he's antiwar. he says peace is the way to go and public records show by the way, stu, that ben cohen has given more than 1 million to the people's power initiative. that's the group that runs the eisenhower media network keeping up with this and that in turn is running the media campaign against u.s. military support for ukraine. they've been reaching out to reporters claiming that the u.s. is spending too much helping ukraine fight off the russian invasion and cohen told the

daily beast "i think the u.s. should use its power to negotiate an end to the war, not prolong the death and destruction by supplying more weapons. the emn project also touting very similar sounding propaganda to the kremlin suggesting that nato expansion is one of the reasons for the war. and it gave putin just cause to invade. that is ben cohen of ben and jerry's ice cream. i know you love them, stu. stuart: sarcasm is a low form of whit, young man. it worked. thank you very much, ash. a look at the markets, green all around and dow is up 230, nasdaq is up, i'm squinting, 100. s&p up 35. not bad. the big banks all on the upside and morgan up 3%, morgan stanley up 4%, goldman 3%, i'm going to read it, citi group 4%, wells fargo 3.9%, big rally in big

banks. how about the regionals. big rally in the regionals and first republic up 42% and jamie dimon is organizing some kind of rescue there and zion up #%, new york community up 6%. bottom line here is there is sort of a softening in the banking crisis at least for today. at this moment, the banking crisis is maybe winding down and stocks are up across the board. next case, the cryptos. show me, please. the supreme court will hear its first case on cryptos today. what's the issue, ash? ashley: yeah, lawyers for the san francisco-based crypto coin base will try to convince the high court to pause a pair of class action lawsuits against that crypto exchange. now while the case involves crypto, of course it is not et cetera for a crypto case and in other words it's whether or not a lawsuit can proceed in federal

court and one in this case coin base trying to send to arbitration and coin base has become a bit of a magnet for the lawsuit and allegations of the exchange and unregistered securities to claims of the exchange mishandled its public listing and other allegations and the future suits could be forced into arbitration and that's the issue that the supreme court, u.s. supreme court can going to deliberate. stuart: sort it out somehow or another. now this, new york is divide over trump's possible arrest. roll tape. >> seven years, nothing will come of it. move on. stuart: sources tell fox news trump will likely not be indicted today. we got a report. dodge just unveiled the last gas powered muscle car ever. the challenger srt demon. challenger srt demon going from

0-60 in 1.6 seconds. it's not cheap thanks in part to mandatory gas guzzler tax. we have it for you, next. ♪

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stuart: they opened the mike just as soon as i was singing. i knew they'd do that. that's midtown manhattan. 54 degrees in man hat handout right now. we're -- manhattan right now. we're playing that song for a reason. new york pizza shop famous for $1 slices jacking up to $1.50. that's inflation. co-owners of two brother's business soft and average tells the -- pizza tells us we've done everything in our power to keep the cheese slices at a buck and refusing to compromise our quality and no longer able to break even. brian brenberg, you're a new yorker and end of an era. >> i arrived in new york as a

poor college professor with a new baby in tow, i ate that stuff every day for lunch because it's all i could afford. you could get three slices for $3 and have to make due on two and how do you do that? stuart: but you get indigestion from the pizza slices. it brightens things up. check the market. it'll brighten you up. dow up 220 points and nasdaq up nearly 100 and s&p up 32 and not bad. susan: what does is mean for the cost of pizza slice. if it hikes rates tomorrow, $2. the billionaire class, elon musk, bill acheman and they think the rate will hike by at

least 25-basis points tomorrow wall street thinks and akman is in the 24% camp tweeting last night, this is not an environment into which the federal reserve should be raising rates and adding additional pressures on the system as financial stability as the fed's first response and the fed needs to drop rates by at least 50-basis points on wednesday. musk has been saying this for the past year and predicting that the fed's aggressiveness would drive us into a recession and even worse and 25-basis points and musk had been appointed to the fed board. stuart: he get as headline and stuart: anybody knows what

they're going to co. they think they have it figured out and quickly on meta, they're rallying. susan: yeah, look at meta and it's a verbal since the november job -- vertical and november job cuts for the 250 view and get 25% more upside here and job cuts on the tiktok ban will boost the stock price and i've seen the stock really double and getting a boost from layoffs and around 21,000 and amazon laying off thousands and ecommerce and andy at amazon taking the heat here and saying that after he's taken over the helm at amazon from jeff bezos and only the second ceo ever out of amazon's

history and the stock price by 44% and that's unfair since we've seen that cloud growth slowing since he took over the reigns. stuart: tesla, one word. susan: no longer a junk status and sparking trend with evs but now every ev maker is cutting prices in order to boost demand. stuart: every single one of them? susan: a lot of them are. gary will tell you more about that but looking across the board. stuart: susan, thank you very much indeed. bring brian into this. what do you think about musk and akman saying pause, please, on the fed? >> billionaires are having their way and i can see why they would like help on their rates and i'm concern that had main street getting lost and main street gets hit with inflation and main

street having a problem either way and putting rates up. there's a problem. don't do anything, inflation gives you a problem. >> are you getting the message? main street will always have a problem with this economic policy whichever way it goes. stuart: the last muscle car from dodge has been unveiled and it's the challenger srt demon and it's on the screen. fox's gary gaselow is with me and securely the collectors will bid up the price if it's the last muscle car. >> surely already online there's people selling their allocations that they claim to have for an extra $100,000. stuart: whoa. >> not able to touch one of these and all though they've told us yesterday and customers

and that's a little bonus and it's the fastest. stuart: how do you get a gas-powered car to go from 0-60 that fast and it's a premium horsepowerred v8 and with ethanol and 1,025-horsepower comes stock from the factory with street drag radial tires and you never get that on a car. it's got all sorts of tricks and it's beyond and it's too old to drive that car with that kind of power. >> it's ridiculous and the dodge lets you dial the power and

knock it down if it's too much on any given day. stuart: takes and you have you put your foot on the floor to get maximum acceleration. could you control it? >> with the elect ones, yeah, it's easier because of all wheel drive and all the controls and this one is mechanically figuring out how to transfer that power with the rear wheels and that demon only had 840-horsepower and that was ridiculous and takes skill and you're not going to be able to take this day one and do 1.6 seconds to 0-60 and figure out how to learn and drive this and that's why people like ridiculous muscle cars. like this. stuart: of all the cars you test drove, which would you buy if you had the money? >> buy, it's a hard say. i could flip it the next day for 200 grand if i got this one. stuart: that's ragaini god answer. >> and have fun along the way. stuart: well done, gary.

we have another new report showing the most expensive places to retire. shockingly california didn't even crack the top ten. how about that. we've got the list for you though. amazon laying off 9,000 for workers by the end of april in total. tech companies cut more than 300,000 jobs since last year. connell mcshane breaks down that massive number for us. ♪ if your business kept on employees through the pandemic, getrefunds.com can see if it may qualify for a payroll tax refund of up to $26,000 per employee,

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stuart: let's get on with it. now a wallet hub just released their list of the least affordable states to retire. that would be where is the most expensive state to retire in. ashley, who's on top? ashley: i'm glad you're sitting down, stu. this really is a shocker. that would be new york. haha. the empire state ranked it the very bottom in terms of affordability. the poor score likely due to the fact that new york has a second highest cost of living behind alaska and third highest tax rate of any state. the report by the way note that had even with a million in retirement savings, the average person could only cover 14 years of expenses and montana, maryland, washington, connecticut, maine, illinois and oregon. california not in there making up the bottom ten. let's get to the other side of

the story. mostly affordable place. alabama is number one. it's the most affordable state to retire and followed by tennessee, west virginia, south carolina, wyoming, delaware, georgia, arkansas, florida, and mississippi. in other words the south. all right, stu, there you go. new york not very affordable apparently. stuart: that's a very nice summary. in other words the south. that was very good, right to the point. tech companies laid off 300,000 people since last year. connell mcshane is with us. that's a massive number. break it down for us. >> real story is about half is in a few months and it's picked up the line and meta talking about any economic reality and sales force, explicitly said

what everybody knows and hired too many people leading to the economic downturn we're facing and bringing up growing list of tech sector layoff and reads like a who's who of silicon valley and going on throughout the list and the story that's been kind of developing over time has again to reiterate the point has really taken off in recent weeks and nearly 150,000 tech layoffs so far just in 2023. we're only in march right now. that does bring us to the total number of last year to well over 300,000. amazon explaining the thinking that i'm writing to share we eliminate about 9,000 more positions in the last few weeks and it's certain the economy 24 which we reside and uncertainty there's a little over 1% yesterday when the news came out

as the quote we just talked about from andy. when the news came out and now it's gaining back and the stock that's 20% and the layoffs and maybe has a cushion of more than $160 billion on the balance sheet and it's a cushion that most companies do not have and it's the final point and while we haven't necessarily seen the large layoffs carry over yet, media is worth watching and disney telegraphed 7,000 job cuts and multiple reports coming out that suggest the details on those cuts could be employees at espn in the coming weeks. stuart: media, don't like the sound of that, connell. >> sorry to be the bearer of bad news.

the tech company was secure and all kinds of perks in the change. >> that's the problem and lots of people are getting paid good money. stuart: they're only firing a small proportion and there's a lot of scrutiny and growth slows down the economy and hear metrics in the tech sector and what's your revenue per employee. they start looking at that closely when times are good and you're growing and look at those things as closely, they don't. stuart: sources tell fox news

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stuart: fox news digital went out on the streets to ask new yorker what is they thought of a possible trump arrest. come on in, ashley. tell us what they're saying. ashley: the best way to describe the opinions is mixed, stu. >> it's about time -- >> it'll give more notoriety and so drawn to them. >> given the statue of where he's at he should get locked up. stuart: that's new york city for you. hey, look, a number of other people have pointed out, stu, and think da alvin bragg should

tophus on the rampant -- phenomenal customer on the rampant -- focus on the rampant crime in new york. stuart: robert costello was a legal adviser to michael cohen and called to testify in the possible trump indictment. here's what he had to say about progressive da alvin bragg, roll it. >> adding for manhattan and got my point across and it was clear to me that the manhattan da's office wanted more truth and i don't represent donald trump and i do stand for justice and i think i have a legal obligation to inform both sides. stuart: matthew whitaker is the former acting attorney general and joins me now. alvin bragg's office responded to republicans after think demanded he testify. he said he'll not be intimidated to undermine the justice process or let baseless accusations from

fairly applying the law. can he just do that and refuse to appear just like that? >> well, it's great being with you today, stuart. there's a lot going on and first thing is the man on the street interviews while they're kind of funny, those are your jurors. think about that. the second thing is, there's a lot of issues here and congress hags a role and the courts have a role and they'll have to fight that out and typically congress has an ability to do oversight and investigations and look at where their money is going if any is funding this investigation. so there's certainly legitimate interest of congress and if alvin bragg doesn't show up, there's a whole contempt of congress situation. talking a lot over the coming weeks, months and years over this, stuart, in this case congress has a role and alvin bragg height have to show up.

stuart: think he'll actually make it to court any time soon? >> no, i actually felt it was a combination and contempt and the department of justice would need to then do the prosecution unless they want -- and there's a way with the sergeant of arms and jail in the building of congress and could put him in congress jail and nobody thinks about this and this could be test of our beautiful system of constitutional separation of powers and it's going to be fascinating for somebody like me who's interested in these kind of things. stuart: fascinating for america and put him in jail and that's fascinating and matthew whitaker, sorry it was so short. >> do it again, soon. stuart: thank you very much. tuesday trivia question, this i don't get, when was the first completely electronic television invented? what's a completely electronic

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you want a guess, ashley. >> last two, 33, number four. stuart: brian? >> 27. stuart: i'm going with 1933. the answer is 192. this is interesting designed invented by 21-year-old, fhilo taylor farnsworth. that is electronic television in 1927. i'm just not sure about that. but i do want to thank brian brenberg joining me for the past hour. tune in to "the big money show," 1:00 p.m. eastern here on fox business with brian brenberg. a great show. believe me. all good stuff. the market showing green. my time is up for "varney & company" but "coast to coast" starts now. neil: when rich guys revolt. is it time to buy? just asking because this just happened. elon musk and bill ackman have a word of advice for jerome powell possibly raising interest rates tomorrow.

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