>> our nation's schools are failing our kids. the latest move in florida once again shows why the sunshine state is leading the way. we're putting parents back in the driver's seat and empowering students to really learn. >> we are going to see extremely volatile markets over the next half. we do think there's going to be a recession in the second half, and so you have to have some dry powder and have the courage and wherewithal to put that dry

powder to work in bouts of volatility. >> when with we lose confidence in banking we have this con a today john, so they might want to stop raising rate, but if they don't, they lose control of inflation. the fed's in a pickle. >> we are in a bullish channel which is good, but there's no clear leadership. you want to the get paid to the wait. you've got to own treasuries. you don't want to be overweight equities right now. ♪ you're hot then you're cold concern. ♪ you're yes then you're now ♪ stuart: i have to tell you that the everybody around this set this morning knew that that was katy perry singing, and i didn't. sorry about that, folks, but, you know, this is the older generation count poll -- >>st the on jimmy's playlist. stuart:s? >> kate i the perry? stuart: yes. >> i'm trying to cut down. stuart: it's 11:00 eastern time, tuesday, march the 28th. on the markets really a mixed picture. nasdaq's down 103, that eat .8%.

-- that's .8%. look at 10-year treasury yield, moving up again. not much, but it's around 3.5%. you've got to show me the big banks because they are settling down along with the regional banks, and maybe that's a certain settling down in the stock market. i see jpmorgan, citigroup, morgan, goldman sachs, they're all up. bofa down a fraction. that's the markets. now this. china's power advances on all fronts. america's traditional values are retreat across the board. you know, it's the story of our time. it is the world turned upside down. by the way you can see china's influence rolling over america's interests. today we hear that beijing is considering paying off the debts of some third world countries. they're taking the place of the western-oriented imf and world bank. they bought influence, and heir throwing us out. they're throwing us out.

honduras just aligned with china, kicking out taiwan, but they'll keep sending their people to america. china doesn't care about that. saudi arabia considering using china's currency for oil trades. talk about extend thing your influence. cobalt mining in africa, okay, it sounds obscure, but cobalt is vital to electric vehicle production, and china owns 15 of the 19 mines in congo which has by far the largest cobalt reserves in the world. p.s., they use child lay labor -- labor. who will make them accountable in this new world order? they aggressively militarize islands in the south pacific. they support russia's war on ukraine. they're real good friends. they threaten america's ally, taiwan. they make the chemicals which go into fentanyl that comes here through mexico to kill 100,000 americans. and hay think we're soft. perhaps we are. a "wall street journal" poll shows a sharp retreat from traditional values, patriotism, religious faith, hard work.

they're no longer important to us personally as they were 25 years ago. if those values made us strong, the absence of those values makes us weak, surely, and china is actively exploiting that weakness. we should be figuring out how to respond, but we have an 80-year-old president who lacks focus and vigor. and a vice president who lacks credibility. hence, this ominous feeling that we've lost our place in the world and this administration can't get it back. third hour of "varney" starts now. ♪ ♪ stuart: jimmy failla is with us this morning. >> jimmy. there he is. great to see you. inspirational words to start us off, as always. i'm going to try not to get emotional. stuart: how do we get our place back in the world? >> i feel like we need to get an annulment for this administration. you can give the church a couple

of bucks and just pretend this never happened, okay in it's the lesson to be learned, we should never order a president through the mail again, okay? this was avoidable. but we can't have a traditional campaign in 2020 the, obviously, because of the pandemic. trump ran for re-election, the media ran against trump, and we didn't properly vet biden or kamala. the democrats evented her, she was polling at 1% when she dropped out, but we never subjected biden to any real scrutiny. if you looked at the carfax on the vehicle, the biggest create ekes were coming from his own party -- critiques. not republicans, throw them out. people like robert gates, you know, an adviser to barack obama at the highest level possible, what did he say? joe biden ooh's a great guy, bless his heard. think about barack obama who thought so highly of joe biden that after eight years of being vice president, he talked him out of running in 2016. the signs were there with joe biden. we couldn't get the straight

answer. uniwhen someone wants to set you up with a blind date? how does she look? they won't answer the question, and that's usually the tell. biden was the candidate where we couldn't get the straight answer, and we should have moore right then and there it was the time to leave. stuart: i don't know how you do it, jimmy, these are very serious subjects, and you make me laugh. >> that's my job. i'm roasting marshmallows, that's all i can do. stuart: pretty good. i've got one more. the climate czar, or john kerry, defending fellow climate activists who use private jets. jimmy, this is for you. roll tape. [laughter] >> when, you know, people go to davos to talk about climate change fly private, it seems like they don't want to -- >> well, they actually, i've talked to them about it, they offset. they are working harder than most people i know to be able to try to affect this transition. >> right. stuart: oh, everything's fine, they offset.

>>s which is a fancy way of saying i'm full of you know what, okay? this is who the climate activists are, there was an old comedian ann key kaufman who used to have a character and said before we start the show, our artist wants you to know this is a no smoking club, and then he would light a cigarette and walk off the stage. of that's them because they're not following any of these initiatives. do you think for a second people telling you to eat bugs are eating bugs on the weekend? the they're at the a palm right now living it up, and then they're flying home on their private jet, laughing their butts off listening to the beatles while you eat the beet beetles. this is a grift. stuart: you're very good at this. >> i'm trying. i learned it from watching you. remember those commercials? stuart: come back soon. thank you very much. you know, we better get to the markets. we are not just a political come key show, we're also -- [laughter] actually a market show. mike murphy with me for the hour, i believe. okay, you think fed's going to pause? you do, don't you?

>> i do. i really hope concern the. stuart: you hope. >> because if they don't, you already i saw what they did to the regional banks, this unprecedented spike in rates really caused this meltdown that we had that started with silicon valley bank but has spread to other regional banks. if they keep raising rates, they're going to break something else. eventually, whether it's now or in six months or in twelve months, they're going to cut rates to bring things back to more normal position. so before they break something else, i think they really need to pause and met all of the recent -- let all of the recent rate hikes work true the economy. if we still have inflation running too hot, they can look to start to move again. saw. stuart: oh, not going to do that. if they pause, no rate increase, and inflation keeps going, they have to get back to raising rates, and they'd be making a mistake. they'd be admitting their original mistake. >> but hey not going to admit their mistake because their original mistake, as you point out, was telling us less than 18 months ago that inflation wasn't

going to be a problem, that service transitory, there was nothing they had to do back then. now they're telling youst this fire that's going to spread, and they have to continue to raise rates to bring it under control. they were wrong from the beginning, don't forget that the. so to think that they have it all figured out, don't be fooled by that. stuart: if you're right, if your hope is right that there is a pause in rate increases, is that a big plus for big tech? >> it's a big plus for big tech and the overall market in general, but tech is what's going to lead the market higher, stuart. we've talked about this for a long time, where do you get earnings growth, innovation, where do you have strong balance sheets and businesses hard the expanding internationally. it's not the blip we had up in energy last year, it's big tech. it has been, and it will continue to be for the market to make new highs. stuart: i hope you're right, but microsoft is down $3 today the. >>st the okay, it's just one day. stuart: hey, mike, you're here for the hour, say there, please. what's moving this morning? walgreens is up 3%.

lauren: despite less focus on covid, revenue came in strong, almost $35 billion in the quarter. they're charging higher prices for brands, name drugs, that you have offsets covid vaccine -- stuart: oscar health, heir involved in the news today. lauren: yeah, look at that, health insurer backed by google, a former aetna executive is now their new ceo, so the founder is no longer the ceo. why is the responsible for a 77% gain? they're going to be more focused on tech and selling health plans to small businesses. stuart: health is big, isn't it, mike? >> health is huge, and oscar is a venture-backed business that had huge growth the, and when hay went public, they had a big selloff. but they are doing what a lot of companies are doing, bringing in a new ceo that's more business-friendly. stuart: somebody's walking away with a fortune. >>st the up today, but it's still down, if you spread that chart out a little bit, it's still down quite a bit. stuart: got it.

thanks, mike. occidental petroleum. i understand that that warren buffett has bought more? lauren: yeah. another 3.5 million or so shares. berkshire hathaway's stake is 23.5%. they're at $61.47 now. stuart: i wonder why buffett picked it to get 23% interest. i wonder why? okay, he likes oil companies and thinks oil's going to go up. any idea? >> i think he just needs, with all the money he has, he needs to build a big position. rather than going out,, he likes to keep a concentrated portfolio, so i think he's just adding to a winner concern. stuart: got $100 billion in the cash or something, doesn't he? >> something like that. [laughter] stuart: now this. you'll soon have to pay if you want to the access polls and other perks on twitter. elon musk thinks it's the only way to keep a.i. bots from taking over. of we'll try to explain it for you. doc siegel sounding the

alarm on tiktok. he says it's harming teens' mental health and causing people to self-diagnose serious conditions like akhd. the doctor -- adhd, the doctor joins me shortly. right now house homeland security committee holding a hearing on the northern border. grady trimble is there. he's got the highlights after this. ♪ -- it's just a shame, that's all ♪ we start with sustainably grown cotton from the rich red soul of north alabama, here on our family farm. then we partner with family owned mills from maine to mississippi to manufacture our cotton into quality american made fabrics that become our heirloom inspired bedding, towels, blankets and apparel. experience our 100% american made luxury linens for yourself. go to red line cotton dot com and receive 15% off your order with code fox news.

♪ stuart: all right. the house homeland security committee is holding a hearing on the northern border crisis. how about that? grady trimble is on capitol

hill. come on in, grady. the northern border is now in crisis, question mark? what have you got? >> reporter: it is, stu. you know, the number of my grants crossing is much smaller than at the southern border, but compared to historic levels it's a growing problem. they're seeing a massive increase in illegal immigration, yes, at the u.s.-canada border. just look at the numbers. in the last three months of 2022, border patrol agents in new york, new hampshire and vermont saw a 743% increase from the previous year in apprehensions and encounters. today's hearing on border security along the u.s.-canada border comes just days of after president biden struck a deal with canadian prime minister justin trudeau. it'll allow border patrol to more easily turn back asylum seekers crossing the northern border. but republicans including congressman mike kelly who's every thing today called that agreement a joke. he says people and drugs are

pouring over the northern border. >> it's growing. fentanyl coming in, especially up in the new england states, vermont. incredible increase in the number of deaths from drug usage and gangs now coming through because it's an easy walk. our american citizens are at great danger right now by a northern border that's almost totally unprotected. >> reporter: and congressman kelly tells me a big -- [audio difficulty] largely doing data entry tasks to do with the southern border. so, stu, that's only making this worse for the u.s.-canada board up north. stuart: we almost lost you there, grade key. -- grady. we carried it through to the end. grady trimble, see you soon. ken paxton is the attorney general of texas, and he joins me now. let me bring this up, your honor. you recently had to play whistleblowers $3.3 million and

apologize. now you're on trump's texas leadership team. you know heir going to go after you for the whistleblower and the apology, right? >> well, look, we haven't actually settled. the legislature ultimately has to decide whether we settle. we kid it based on the cost of litigation. we have about 35,000 cases right now. it's usually based on economics and other factors, so we'll see what the legislature does. if the legislature decides not to settle this, take the settlement, we'll go back to court. stuart: but they will come after you now that you're on trump's, the amendment. >> i'm used to being come after just like the president is. i've been doing this job for a little over eight years, and i was a state senator, state rep. if you're fighting for your people, your constituents and the american people, you're going to take some heat. that's just the way it is in the odd the's politics. stuart: 61% of americans do not want former president trump to be elected in 2024. only 38% want him back in.

seems to me people like trump's policies but not his style. how would you respond to that? >> well, i looked at poll. service not registered voters, service just adults. so, you know,st the not likely voters. so we're a long way out. i don't know what those numbers really mean. i had people telling me i had a close race, i ended up beating my opponent in the primary by 38 points when the "dallas morning news" said it was a 6-point race. i don't know that those polls mean anything, and i'd be curious to see what biden's numbers would be in a similar poll. stuart: but i've heard a lot of this. liked his policies, good president when he was president, don't like his behavior afterwards. comment on that? >> first of all, if you look at republican voters, which is what we're going of to have to deal with first, it's the primary, he's got to win the primary, whoever runs against him has to run the primary, and those voters were overwhelmingly positive toward trump. so he would get through the first step and then we might

have a battle between him and biden, but i'll take those odds nikkei. stuart: okay. there's -- stuart: any day. stuart: there's a new school choice bill in texas. it seems like that's very similar to the education legislation just passed in florida by governor desantis. are you guys -- [laughter] you know where i'm coming from here. are you guys on trump team copying desantis' education move? >> well, look, first of all, i'm not in the legislature, so i can't copy. i've been rye thing to get school choice passed for over a decade when i was in the texas house and the texas senate. we've had this idea here for year, we just have the right sort of position right now because we have statewide leaders who are all for it. we also after to covid experience have a lot more parents who are interested in school choice. so i think the stars have aligned, and i think more people are interested than ever just because of the trouble we have sometimes with some of our schools. stuart: is school choice a

dividing issue and a big issue coming up in 2024? >> it looks to many me like, again, more and more people are open to it and in favor of it because they realize that competition and giving parents the choice as opposed to some government official wherever they are that choice, is really ultimately, i think, a better way to go because they have the best interests of their own children in mind more than anybody else whether it's a school person or some government official. stuart: the last time you were on the show, we were talking about the border. they're still streaming across, illegals just coming by the hundreds of thousands. i want to know who's -- is texas having to pay for a lot of this? >> yeah. we're spending billions of dollars. the legislature's in session right now, they're going to reauthorize billions more. we have lots of law enforcement down here. of course, we have the special cost with the drug importation, we have the cost of educating people that come here, the law enforcement costs. yes, we are spending billions of dollars. we're not being reimbursed by the federal government and, clearly, they're the ones

responsible for creating the problem. stuart: can't you do anything about this? it is the federal government's problem. the border is their responsibility, and you're paying billions and billions, or you're paying for it. you've got to do something about it. >> you got it. that's why we've got 16 lawsuits going right now. the problem with the court system is it's usually not very fast. we're certainly trying to do everything we can at the border with the people that i have, which is lawyers, to stop the biden administration from violating federal law and violating their constitutional role to the enforce federal law. stuart: your goal is to get billions back, is that it? >> our goal is to get the government, the federal government, the biden administration to the enforce the laws on the books because that will protect citizens of texas. and, yes, we'd love to have our money back that we've spent over the last two years and even further back than that. because we've had other presidents like obama who didn't enforce federal law and allowed same thing to happen. stuart: best of luck, sir. best of luck. >> thank you. stuart: thanks for being here, sir, appreciate it.

back to the markets. where are we now? it's been a mixed picture. dow is up 60, nasdaq's down 70. now this: elon musk scrapping some of twitter's features for nonpaying users. like what, ash? can you explain it to me? >> reporter: yeah, you're going to do a lot of eye rolling, mr. varney. [laughter] from april 15th only verified accounts will be able to use the for you page which shows users recommended tweets out their follow lists. eye roll, mr. varney. voting in polls, by the way, would also require verification now as of april 15th. users of twitter who want to remain verified can pay up to $11 a month. musk says paid social media will be the only social media that matters, at least he hopes so. twitter blue allows people to add a blue check mark to their account and access features such as editing a published tweet or

seeing fewer ads. critics claim allowing people, though, to pay for verification leaves the platform open to impersonation and misinformation. stuart: i'm rolling my eyes. [laughter] there you go. >> reporter: i knew you would. stuart: i can't do it on camera very well, actually. mike murphy with me. the value of twitter has sunk from $44 billion to an estimated $20 the billion. that's not much of a success, is it? >> well, he marked it down, i think the, really for his employees, you know, to give them a lower price on stock options that they're getting right now. but then when -- so and since he took over, he's been very mix about the fact that it's a money-losing operation. he's not going to be the able to continue to run twitter as it was run in the past. so what is he doing? he's looking for a way to generate more revenue which i think is the right thing to do. if you or i i ran the business, we would be looking for a way to make it profitable. you don't buy it to light the money on fire. this is one way he's going another the it. i think what he's doing with twitter and the information he's

releasing on twitter plays a vital role in society right now because you're not getting that anywhere else. so i would be willing to pay for it. i think there's a lot of people out there that are willing obey for it. stuart: all right. thank you very much indeed, sir. several cities are suing hyundai and kia, being blamed for a surging in car thefts. we'll tell you which cities we're talking about. could eye exams be the key to detecting early alzheimer's? dr. siegel will take the us through it next. ♪ ♪ sudden suddenly i see this is what i want to be ♪ sudden ily see why the hell it means so much to me ♪ what if there was a community of like minded

people ready to support you when you need it most? christian healthcare ministries is an organization with over 40 years of trusted care who understands the importance of family. a group that sees you for who you are regardless of your health history. offering affordable healthcare cost solutions that could save you up to 40% on your healthcare costs. learn more today at your chm dot org about healthcare that puts you in control. my husband and i have never been more active. shingles doesn't care. i go to spin classes with my coworkers. good for you, shingles doesn't care. because no matter how healthy you feel, your risk of shingles sharply increases after age 50. but shingrix protects. proven over 90% effective, shingrix is a vaccine used to prevent shingles in adults 50 years and older. shingrix does not protect everyone and is not for those with severe allergic reactions to its ingredients or to a previous dose.

an increased risk of guillain-barré syndrome was observed after getting shingrix. fainting can also happen. the most common side effects are pain, redness, and swelling at the injection site, muscle pain, tiredness, headache, shivering, fever, and upset stomach. shingles doesn't care but, shingrix protects. shingrix is now zero dollars for almost everyone. ask your doctor about shingrix today.

- representative! - sorry, i didn't get that. - oh buddy! you need a hug. you also need consumer cellular. get the exact same coverage as the nation's leading carriers and 100% us based customer support. starting at $20. consumer cellular.

stuart: split picture. the dow is up 68 and the nasdaq is down 69. i call that kind of a balancing act. susan li is back with the movers. start with alibaba and china tech. susan: you have to because this is the tie we're seeing, internet tech stock, some of the best performers on the nasdaq and the s&p 500. look at the alibaba surge after announcing a split into six separate divisions. so the $220 billion china tech

giant or really the equivalent of amazon over in china will divide its business into cloud, e-commerce, map, food delivery, logistics and entertainment. each will have their own ceos, and they might even spin out into their own ip oz. in the -- ipos in the future. this is about maximizing value when you separate ott fast growing cloud and really setting a template not just for china tech but also amazon which might, you know, if it sees a big slowdown, they might spin out their profitable, fast growing cloud from their retail business. alibaba at 1-month highs, also by the way, this move from alibaba historical, but indicative that beijing is warming to tech once again becausally baba lost around $600 million in market cap concern $600 billion in the fall of 020 the concern 200. their ipo in hong kong in 2020.

stuart: i guess microsoft is looking at alibaba. susan: heard the -- they should be. think about another company that could spin off cloud, azure over at microsoft. you just had news in the last few months -- minutes that microsoft could be settling their e.u. cloud computing charges. also want to talk to you about the metaverse trade k. and, yes, there's a debate right now because look what disney's doing, they're laying off their entire metaverse division. think about meta spending $10-15 billion a year betting on the next generation of computing. apple set to announce their new virtual reality wearables in june, $3,000 to start, but it makes you wonder what the meta verse play is. speaking to analysts on the markets, they say disney might be getting rid of their division, but they have a great relationship with apple, so maybe it's a future partnership between disney and apple because disney did buy pixar off steve jobs back in the 2000s.

stuart: just one quick point, nobody is going to use goggles all the time. susan: susan well, it needs to be a more elegant, easy experience. think about glasses in the future. stuart: that's for sure. susan: yes. but if there's one component, it would be gaming and i would say cartoons, fan it's thetic family entertainment -- stuart: that's what i need goggles for cartoons and what was the other one? susan: gaming, which i'm sure you don't do a lot of. stuart: talk to me about bank withs. stuart: paris are republic looking for funding -- first republic looking for funding. charles schwab is in next concern. very similar to svb bank, only yielding 1.7% whereas interest rates are at 5. stuart: got it. i'm still not wearing goggles. now this, we like to show you sixth avenue, new york city, give you a sense of how many people are actually back in the office because midtown manhattan is the office capital of america. here is news, people are not

going in to the office on friday. unbelievable. only 25% of office workers are in the office on fridays. this is new york city. looks to me like the 3-day weekend has formally arrived. all right, murph -- >> yes, sir. stuart: what do you think of that? >> for sure, if you've ever been to sweet green here for lunch, tuesday, wednesday, thursday, 20-30 minutes on line. friday, walk in and walk out. there's nobody in there. the question, is it here to stay? as an employer, i don't believe that my employees accomplish as much working from home. so i think that will come -- there's a reason why you have someone who you're paying to come many and work in an office environment. so it may take some time, but the idea of remote work or hybrid work, i don't think, is here to stay. i think business owners will want employees to be their most productive and, for me, that's being available in the office. stuart: it's going to take a

long time to get all the folks back into midtown manhattan. years. >> it may, but it's amazing how for an employer a recession will change things very quickly, because right now the employees have the upper hand because there's a lot of jobs out there for them, high paying jobs. if that balance shifts a little bit, i think people will be more willing to go back to five days a week like you and i. stuart: look at this, it's a new op-ed, and it says how tiktok can harm your teen's mental health. dr. siegel wrote it, and he joins me now. how does tiktok hurt teens' mental health. >>? spell it out for me. >> well, stuart, i'm concerned about this because of one word, self-diagnosis. i think what's happened and even today i went on tiktok to check some video, someone asked me to, and the next thing you know i was flooded with all kinds of videos that said stuff i didn't agree with as a physician. and that's the problem. now, tiktok has a wellness hub since 2021, and they do have a crisis hotline, and they've got

a suicide prevention hotline, hooray for that. but when you go on there and you look at stories and you see other people's stories, the problem is that teens tend to think it's the them. and we already have a problem where there's a lot of sadness in our teens coming out of pandemic. but sadness count mean severe depression -- doesn't mean severe depression or adhd either. if you start looking at symptoms and some video tells you you've got this, you go to your doctor or maybe you say, whoa, i've got this problem and it's a heavy weight for teens to have. so the lack of standardization, the idea of self-diagnosis and then, right up your alley, the montization of this, of course, or commercialized interests are trying to get you to follow their video whether it's the right or wrong, right? stuart: i got it. i got it. i'm interested in this one too. can eye exams, they could help deeducate the early alzheimer's? -- detect? is that accurate? is it true? explain it.

>> really well done study out of cedars-sinai in california associated with ucla is really, excuse the pun, eye-opening because the retina is the camera of the brain. it goes right to the brain, and they're fighting the beta amyloid proteins that you and i are always talking about in the eye, in the retina and also some cells that show the beginning of deterioration that might be mild cognitive impairment. i am very excited about this. i think this is rah real, i think this is the future. i think we're going to go ten steps forward many in terms of getting this diagnosis way in advance of when people start to suffer. then the question is, what can we do about it. and treatments are starting to the emerge. they're just starting to emerge. we've been talking a lot about this on this show because of how fascinated you are, even though you don't have a single cobweb. [laughter] stuart: nice try the, doctor, nice try. you can come back on the show origin the, don't worry about it. no, seriously, doc siegel, thanks very much, indeed.

>> thank you, stuart. stuart: now this, crime and drug use causing ridership to plummet on los angeles metro trains. what's city doing about it? sending in the more social workers. you can guess how that's work working out. we're on it. the president's multibillion dollar push for evs is not working. electric vehicles make up just 14% of new car sales. the biggest issue is they're not affordable. jeff flock has a report from philly next. ♪ ♪

(woman 1) i just switched to verizon business unlimited. it's just right for my little business. unlimited premium data. unlimited hotspot data. (woman 2) you know it's from the most reliable 5g network in america? (vo) when it comes to your business, not all bars are created equal. so switch to verizon business unlimited today. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. the new chase ink business premier card is made for people like sam who make...? ...everyday products... ...designed smarter. like a smart coffee grinder -

that orders fresh beans for you. oh, genius! for more breakthroughs like that... ...i need a breakthrough card... like ours! with 2.5% cash back on purchases of $5,000 or more... plus unlimited 2% cash back on all other purchases! and with greater spending potential, sam can keep making smart ideas... ...a brilliant reality! the new ink business premier card from chase for business. make more of what's yours.

♪ we're an american band ♪ stuart: we're an american band. okay, that's kind of a rather misty, cloudy st. louis, 43 degrees. doesn't look like great weather there. by the way, st. louis is the

latest city to sue kia and hyundai over car thefts. the city accuses them of not installing anti-theft technology that meets industry standards. four other cities have filed similar suits. kia and hyundai say they are without merit. they say they're working with local law enforcement, and they are submitted -- committed to insuring the integrity the of their product. those cities are suing them. the president spending billions on his ev agenda, but a forecast from his own energy department says evs may not spark as much interest as the president hoped. jeff flock at a charging station of all places in philadelphia. you know, jeff, that's kind of a nasty forecast for evs in the, future, isn't it? >> reporter: it's shocking. pardon the pun, but it is a shock. you think we look at the tesla superchargers out here in philadelphia, they're almost all full. you'd think evs are taking over the world. well, not according to the forecast from biden's own energy

county. he says or -- department. he says or they say by the year 2050 only 16% of the vehicles on the road will be evs. but i mean, that's 27 years from now. you and i will either be pushing up daisies or, you know, in our dotage. i would have thought by then most of the cars would be electric. not according to the energy department. now, in fairness, that's how many cars on the road, that's a percentage of that, not sales. sales have been pretty good lately. if you look at january, last january, in 2022 the, it was about 4% on average. 2023, this year, 7% of the sales were evs. but, you know, real questions about the program to spur the sales of evs. dan turner, who runs the group power the future support ising u.s. energy producers, says, you know, we're spending a lot of money to sell what he said expensive electric cars to rich white people. that is not good policy. listen.

>> government is trying to force this faster than the free markets are allowing, is and anytime that happens the result is always a disaster. and this is going to be another disaster, it just hasn't hit us yet. >> reporter: well, maybe it has. look at ford. this is what they lost on evs over the last three years. in 2021 they lost almost a billion collars. in 2022, $2 billion. in 2023 they say they're going to lose $3 billion. now, in fairness, folks at tesla lost a lot of money before they started making money, so there you go. as i said, we'll be having a dirt nap by the time 2050 comes by, but it'll be interesting to see what happens. stuart: sure will. i've got mike murphy still with me here in new york city. 15.8% of new vehicles by the time, 20 the 50. only 15.8% will be evs. >> amazing. stuart: that doesn't work. >> it count work, stuart. and, you know concern it doesn't

work, stuart it's tough to predict what's going on going on 27 years from now, but when you bring it back to today, there are some people who want that electric vehicle to get away are from oil and gas, but there are some people who don't. and i think as the government -- a lot of people take their cars very personally. so as the government tells you what you can and can't do, what you and can't drive, i think a lot of people are going to push back from that. evs have a place in society, that will continue to you. but how quickly, i think, remains to be seen. and how's that impacted in driverless technology really starts to become a real thing? i think that could increase the amount of evs out there. stuart: we've got to change the arguments. you're aiming to get rid of all gasoline-powered cars by, what, 2035 in some states? >> some states, yeah. stuart: that's impossible. it's not going to happen. >> i completely agree, but i think most of those states, really 2030 is california, i believe, and a lot of what the california government is pushing for, trying to establish there

count really work in reality. stuart: oh, california. [laughter] thanks, mike. show me the dow 30. the same expression, want to give you a sense of the market. well, there's some buying out there. the dow is up one-quarter of 1%, 80 points, and about two-thirds of the dow 30 are in the green. california, we're back there again, california's considering -- wait for it, wait for it, let's understand it. california is considering a $500 billion slavery reparations plan. even though california was never a slave state. my next guest says reparations will create a never ending system of victim hood. we're digging in on that one next. ♪ ♪ -- won't you save me, san francisco ♪ 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. this small thing, is the next big thing in dia this s woah.hing, it shows your glucose, and predicts where it's headed, just like that. it's not magic, it just feels that way. i wanna make you go wow, make you go wow, make you go wow.

as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network, with no line activation fees or term contracts... saving you up to 75% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities™.

♪ stuart: home prices along the west coast have seen a drop within the past year, but it is a different story on the east coast. ashley, tell me more, please. >> reporter: it's very interesting. it's a tale of two markets with the division essentially running right down the center of the

u.s. in all of the 12 major housing markets west of texas plus austin, home prices fell in january on an annual basis. in the 37 biggest metro areas east colorado except austin, home prices actually rose year-over-year despite higher mortgage rates. certain housing markets in the west have enjoyed long price runups since the 1990s thanks to the tech i have the, but now the cities concern industry, but now the cities most closely associated with tech have fallen the fastest. san jose and san francisco, for example, home prices were down more than 10%. meanwhile, in the eastern half of the u.s., oh, yes, florida and other southern markets are still attracting companies and adding jobs. orlando home prices were up 9.3% while miami, prices were up 12%. that's the biggest increase of all markets across the country. a tale of two regions. stu. stuart: divided by the mississippi river going right down the middle. >> reporter: yes, inkeyed.

yep. stuart: thanks, ash. we told you about san francisco's reparations plan to give $5 million each to degeneralling cants of black slaves. now, the state of california is considering another reparations program. this one could be worth a total of $569 billion, with a b, billion dollars. that's over a half trillion. my next guest argues that reparations will cause a system of victimhood and racial antagonism. a brothered member for the venn -- board member for the venice neighborhood council joins me now. $569 billion, solita? that's nonsense, and i think everybody knows it. >> that's right. and it's about the two and a half times the state's budget. what's interesting is that the california's in for some tough times. we are also facing a budget deficit of about $23 billion, so the question is, when is going to pay for this? how are we going to pay for 4? -- for this? and what's really interesting

when you look at the chem the graphics of california concern demographics, latinos are 40% of the state's population, asians are about 15%. so what you see is that california is very ethnically diverse. we are about 65% non-white. so here you have a situation where this tax bill is going to come on people who had nothing to do with slavery. stuart: but, look, it's not going to the happen. there's no way that $569 billion is going to be released in california. what does newsom say about? >> he's been largely silent on this. and, remember, he was the one that that authorized this committee to study this. when you think about it, the timing's very interesting. the final report is going to come out many in june, and democrats have very few issues to run on today. we're dealing with spiraling crime, surging inflation and open border crisis. so make no mistake, get ready for financial reparations as a 204 top of ticket issue -- 20 the 4.

stuart: anybody from a party which recommends $569 billion in one state is going to the lose that election. that's my prediction. one last one. ridership on l.a. trains and buses plummeting because of violent crime. the city's solution is to hire unarmed social workers to ride transportation. they say it will help riders feel safer. what's your reaction to that? 30 seconds. >> well, the metro is now trying to face -- they're trying to fix a problem that they created. hay decided to remove armed guards and armed security from the metro to hire ambassadors, social workers without guns. they need to get real. they need to stop being reality deniers. no amount of unarmed social workers can take on criminals with guns. stuart: who's crazy here? i mean, who is crazy? i just can't believe it. look, thanks very much for coming on. that was really interesting. please come back. i want to hear more about this. >> thank you. stuart: all right,s the tuesday, here is the tuesday trivia question. i should know the answer to this, but i don't. how many feet, how many square

feet are in an acre? 30,000, 34,000, 38,000, 43,000? what is the it? is -- what is it? the answer after this. ♪ ♪ with a majority of my patience with sensitivity, i see irritated gums and weak enamel. sensodyne sensitivity gum & enamel relieves sensitivity, . . - are, are you qualified to do this? - what? - especially when it comes to your finances. - are you a certified financial planner™? - i'm a cfp® professional. - cfp® professionals are committed to acting in your best interest. that's why it's gotta be a cfp®. century lithium is advancing their clayton valley project towards production, with the goal of becoming a domestic lithium producer for the growing electric vehicle market.

nevada's lithium is the key to america's green future. century lithium

♪. stuart: we asked the following question, how many square feet in a acre? here is your choices. ashley, you first. >> i do not have a single clue. i'm going with 34,780, number two. stuart: ashley says 34. mike says?

>> i don't have a clue either but i'm going with ash. i think it is number two. stuart: i'm going with number one, 31,150. show me the reveal. oh, it is the last one. i deal in acreage, you would think i know that i don't. 43,560, a square piece of land that is 208 feet, 208 feet. >> we didn't look it up. stuart: first i heard of that one. mike, thanks for joining us for the hour even though you totally got that wrong with the rest of us. my time is up today, "coast to coast" is absolutely right now. neil: most americans for the time-being are not worried about a bank crisis. today neither are the markets. fox on top of what could come next a crucial hearing on capitol hill that might decide whether all bank depositors are protected like bad bank depositors. why montana republican senator steve daines says be careful what you wish for because you could end up paying for it. why crossmark ch