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>> we should certainly militarily defend taiwan and it looks war is increasingly likely. we're supporting china policies and this is a totally misguided on the part of biden. >> this isn't how law is supposed to go and he allowed horrible criminals to do horrible things in the city. >> they're having problems and all that's being washed away and it's where it can be with the 10 year at the line the ones that thrive when the economy is weakest.

stuart: are we playing the who? yes, it's the who. i remember when this came out, 1960s. stuart: those are the days. let's move on. it is 11:00 on the east coast. it is thursday, april 6. check the markets and we've got red ink for the markets overall and dow is down 100 and nasdaq down 133 it's not a whole big decline. show me big tech and it's a mixed picture. alphabet up for the rest of them are down. the 10 year treasury yield, would you look at this? down to 3.27%. couple of weeks ago, it was well above 4 bernards healthcares. that's either a flight -- 4%. that's either a flight to safety or recession indicator. 3.57 on the 10 year treasury. now this. we are back to basement strategy, keep the president away from pesky reporters and don't let them go off script and never know what it's going to say. candidate biden in 2020 his

handlers hope it works again now. president biden don't give him an excuse to laugh it off and have comment withs a traditional matter. is the president going to say nothing forever? he'll try. he won't go silent forever on the other crises we're facing. we've been reporting a spike in gas prices in the state of ohio and gas has gone up 22-cents in two days and cost of filling up is rising across the country and saying anything about t he'll blame the oil companies. that might work in california but won't work for any voter that understands supply and demand and failure of supply and demand on the poll schism staying silent on the border and he hasn't got much to say about crime except it's all trump's fault. it's a certain lack of credibility. where did they end the basement strategy?

it's okay for now? it's that indictment and some point he has to face serious interviews and real q&a. that's the nightmare and handlers can't trust him to stay on script. biden is underwater with women and 45 and up with suburban voters and rural voters. a basement strategy will not turn those people around. third hour of varney starts right now. stuart: he's back. the man with life, energy, and a lot of jokes. his name is jimmy failla. will biden's basement strategy work in 2024? >> wow, i don't know. the country is in a bad spot and it wasn't a referendum on him

and it was on him. this time around do you hate trump more than $7 gas. do you hate him more than a porous border? only thing i want to stand up for listen his behalf is asking tough questions and he struggled with that. what state are we in? it's sad and it's a political i can't tell jim jordan and we get why they're doing it trying to limit press exposure because of potential for unforced error. bigger problem is on the world stage and living media exposure and they know we have a guy that for whatever reason happens to be in a place of some type of cognitive compromise. i don't wish it on anybody. if you watch the state of the union he finished saying now is the time to choose between unity and inaudible. he made a sign language interpreter struggling because he didn't have a word. world leaders see that and bold

steps on the world stage and reflection in capacity of the prevent defense they're playing with the president. stuart: i caught a lot of flak when i said the democrats will not let joe biden run in 2024 because they're scared to death of his age. >> they didn't let him run in 2020 because he was in his basement and there were more sightings of big foot than joe bind. it was a big deal. people didn't believe you and more. stuart: disney's remake of the little mermaid and the original version of kiss the girl.

stuart: he's changing the lyrics because people have gotten the sense about the idea and forcing himself on ariel and ask permission for everything these days. >> they're fighting all the wrong battles and they're purchasing their content on behalf of their kids and kids want ice cream and games and want to go somewhere and they don't want identity politics in the middle of their cartoons and it's the little mermaid. if your kids world view is being shaped by the little mermaid and you have a problem. there's a problem and more on romance. stuart: you have to ask permission to hold a girl's hand. or anybody's hand. ask permission.

>> when i was single i had to pay them. i don't know if i want to come down on this too hard. i'm kidding. stuart: it's nonsense. >> it's ridiculous and again, it's taking the responsibility nayty out of everything -- spontaneity out of everything. people in 2023 walk around with a full-time law firm on retainer. should i say or do this. we have to take it from disney's play book and the hit song from frozen and we have to all let it go. look into who opened or opened on the who and they're singing who are you to each other. they're a little confused but i love them. stuart: you've got to get back to the mar markets and jimmy isl good you have to get back to the markets. dow is down 93 and nasdaq down 13 points. that's come back nicely. all right, michael lee with us this morning to talk markets. why are you >> the slow economy

and restrictingly kid -- retracttracting liquidity and fd pivots and you cut rates and that's a bullish sign. not after a peak in interest rates which we had last fall with a peak in commoditities and something that comes after that forces the fed to pivot and coming back. i'm on the lookout for that and i'm defensive till we see something like that. stuart: we have emergency price inflation, grocery store inflation is can we get rid of inflation without a recession?

>> you know, i wish we could. i don't any it's possible and until we have that credit event that may come in the form of commercial real estate and that forces are recession and inflation stays persistently high because of energy policy of the country and what else is going on in the rest of the world and the various things that have happened at farms across the country and in the world. till that changes, i inflation won't go away and till then i'll stay defensive with my clients. stuart: 16% rally for the nasdaq and you're missing this if you're staying out. >> we unfortunately missed the down 30% on camera and we did miss some of this upside and not completely out of the market and all the defensive sectors and utilities and healthcare which had a great day yesterday and

some energy with 30 year treasury and that's driven. stuart: ashley back with us looking at headlines of the day. first off, levi straus, what's up with them? ashley: the blue down in october and taking charge in the most recent quarter and 11.4 million tied to job cut related severance benefit and charge related to discontinued projects that's all agd up and all part of the restructuring plan that will continue through this year. meanwhile, bed, bath and beyond and they'll likely have to file for bankruptcy and we've been talking about this for some

time. 31-cents is the share price. morgan stanley revealed their ceo got a 13% pay hike last year. james gorman took home $39.4 million in 2022. not bad if you can get the work. stu. stuart: cue senator elizabeth warren that will be appalled at that salary. ashley: yes, exactly. stuart: thanks very much, ashley. one of the oldest surviving biblical manuscripts it up for auction. it's a near complete 1100-year-old hebrew bible could be yours for $30 million. just look at it. talking about ai taking over people's jobs. one noble prize winner thinks it could give actions shorter. rockets going there early on and it's provocative and it's the first day after the stop of

passover. morgan ortega on that next.

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are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. stuart: group of lawmakers in taiwan today after speaker mccarthy with taiwan's president here in america in california. we're in taipei, taiwan and joining me now. you're talking to residents there and u.s. taiwan relationship. they need america's help and want america's help and not too convinced and confident they're going to get that help. in the meantime, things are

amping up here in taiwan. china amping up activity around the island and we have learned now that there are three ships that have encircled the island and on top of that, the chinese have announced that they'll stop and expect ships in the taiwan straight for the next three days including moves to board ships. >> this news coming after bipartisan delegation and returning to the island and members met with the vice president of taiwan with the actions taking place around the island.

>> they announced any remarks on that . >> that is natural. >> there's certain plans. [inaudible]. reporter: stuart, quickly clarifying he meant three ships not three carriers and i asked him what the plans were. he said that he was not going to share that and mccall also told the vice president of taiwan that the u.s. will protect the island. he meant in terms of defense weapons when i asked him if he could probably see u.s. troops being sent to the island and he said that was up to the american people. stuart. stuart: thank you very much

indeed. interesting developments there. bring in morgan ortegas formally with the state department and knows what he's talking about. three ships encircling taiwan and they'll stop and inspect for three days with ships in the taiwan straight and how should america respond? >> this isn't the type of provocative behavior you have seen around taiwan and you've seen incursions from the chinese communist party for the aircraft and air space and all of these behaviors are not new. what we really have to -- how do we deter the chinese communist party from invading and militarily or diplomatically and focus on deterrence has to be in strengthening the capability and chinese military and spinning about 2.4% and as president si

told senator e and needing more to strengthen capability. stuart:stuart: why haven't we gn them the weapons they need? >> working over the last couple decades and authorizing more and more weapons and the difference is now especially in the last two years when the pentagon came up and said i hope it was possible for the chinese communist party invades militarily in the year 2027 and could be before and later and we don't know. there's no need to try and deter china and coming off the heels of administration that did fail to russia for invading ukraine and from this administration must take the lessons it learned from the deterrence failure from russia and apply it to china. that means not waiting so what do we do in ukraine and the

national security adviser said we'll give lethal aid to the ukrainians after russia invades and that was too late and in fact there's been nothing but a series of half measures in support of ukraine for the past year plus in this war. we have to take the lesson and >> we can look here in latin america and we've seen in the past two years since the biden administration with latin and south america and leftist elections happen taking over the government here money and influence and iran and saudi arabia and after the fall of

kabul to the taliban and that disastrous draw and whole world and friends and foe said it's not this administration not up to snuff. stuart: morgan, another world hot spot escalating at the moment and find the iron dome intercepted 25 of them and some got through. israeli military and, morgan, is that significant? i thought they were the ones chucking the rockets over the border. >> yeah, that's an interesting report. we do know that a senior hamas leader went to lebanon yesterday to meet with them and these attacks and it's a precarious time for israel and i would say this is one of the many reasons

and reelected and people still all of this in the middle east ask can't look at one issue for hamas and israel and can't look in a vacuum in iran and in lebanon and it's supported by iran and what's happened right now is because we're giving sanctions relief to iran because they're essentially empowered by our behavior. you're seeing them have the ability, which we stop in the trump administration and over the past few year years and thak thanks for being here and more on the protest.

stuart: macron's attempt to raise from 62 to 64 and see smoke there and understanding of people and on going situation and noble prize wing economist and chatgpt and it's a four day we kick and he's a professor at london school of economics and the labor market can adapt quickly enough to artificial intelligence chat bot and creating mass job losses and ai can boost productivity and it'll also increase our well being and how about that and give us the opportunity to take more leisure time include ago four day workweek. it's not all sunshine and rainbows though. the economist warns they could take a malevolent turn and

invading policy and overall and more importantly our health. i like the sound of that. stuart: sunshine and rainbows and is that the mad earn equivalent of bread and sir suspsuscircuses. ashley: it's the updated version. ashley, you're all right. indeed. roll tape. trust me, trust me, trust me. speaking out after latest skin cancer scare. we're on it. congresswoman nancy pelosi turning in to vote that politics and resident theologian has a lot to say about that.

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trading session and the markets close tomorrow for good friday and dow with a real recovery for the nasdaq and down and bed bath and beyond we know struggling right now to stay alive and twofold and cut down the number of shares available and reverse stocks and it'll boost the stock price and raise more money and give bed bath more shares and selling around $300 million to raise that cash and keep the company away from bankruptcy and $120 million lifeline this week and they need a lot more and they need this reverse stock because it's bankruptcy for them.

meantime amc remember the amc apes and that retail crowd from the game stop saga. there's more supply and lest dilution. stuart: news for disney. susan: bob iger bought marvel in 2009 and was not laid off and fired by the company and outperformance today. toll "the wall street journal" they'll incorporate chat ai into the search engine and your

beloved microsoft infusing chatgpt into the bing search engine and microsoft says they'll make $2 billion in extra sales for every percentage point that takes away from google and stunning. stuart: susan, thank you very much indeed. the earliest most complete hebrew bible is set to be auctioned off in new york next month and chief religion correspondent and what's in it for the price. >> it is being called the most valuable and the kodak soon recently on display in jerusalem and 1100-year-old hebrew bible

and written by a single person over the span of one or two years and dedicated down in syria in the 13th century and survived before the year 900 ad, portions of the hebrew bible existed in scroll form and didn't exist. this bound book is the closest link we have today to the dead sea scrolls and new owner when it goes up for auction in may in new york city. >> it's a treasure and master piece subscriber. >> they assume if it sells for over $43.2 million, it'll become the most expensive book or manuscript sold at auction surpassing the united states constitution. stuart: that's fascinating. >> kodak is another word for bound book. stuart: thank you, lauren.

don't be a stranger. >> i'll come back whenever you ask me. stuart: if you're not careful, we'll ask you. next, on un-related kind of subject, the second largest presbyterian nomination may formally have the government to renounce anything to agree upon anything. the federal government rescinding more than possible and has on objective side to him and octoberively wrong and evil and -- objectively wrong with lying and cheating and raping and the subject of part that includes intentionality. is it a sin. i would be very cautious to say one thing that one american has sinned and i'll leave that to

god. >> changes among young people as well and very clear. >> men and female. >> that's the catholic church's position. >> that's not universal. >> manipulating that and going against objectiveness in the church. >> 10,000 protestant denominations in the chump alone right now. stuart: nancy pelosi said americans should vote with all their lives and not religion. roll tape. >> just advice to those frustrated by the politics now and about how you can start to get people to vote and not on how politics will impact your religion but how it will impact

your life. >> it's not important what religion i believe in. what's important is what america i believe in. stuart: don't vote your religion, vote your politics. you're shaking your head. >> you ever heard the classical dualism and it's living duplicitiesly to say it doesn't matter what i believe and the religion is part of the experience on sunday this is what i believe in. on monday, i believe something else. and both joy reid and nancy pelosi feel very comfortable saying don't vote for how politics will affect your religion. of course you should. if politics will affect your religion, vote against whatever politician is going to do that. stuart: you cannot divide and separate church from vote. try to divide your life in any way and your spouse will tell you what is wrong with you.

very simple. nancy pelosi says, no, what i believe in my religion is one thing. what i believe in the public life is another. what? stuart: no, contradiction. >> religion informs our values and our values hopefully are what we are promoting in politics. plato and aristotle. stuart: crime in new york city up 23% since alvin bragg became the da and crime out of control and bragg seems to be concerned more about donald trump, new york guy john catsimatidis is fed up with crime and we'll hear from him later on in the show. experimental drug reducing more and in plain english, more after this.

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stuart: we're spending less time working now than before the pandemic. ashley, you want to explain that one? ashley: well, you know, shifts and schedules all over the place since covid and in fact the average workweek has dropped by more than half an hour over the last three years. it is enabling some americans to emulate their european counter parts and more time on leisure and other activity according to the bureau of labor statistics and it's also creating a shortfall of labor markets and 2.4 million employees and guess what, that ised aing pressure to hot jobs market that the fed is trying to cool down and economists say it's going on with weekly hours and very significant part of the story.

stuart: a brain plaque ovpatients in early stages of alzheimers. dr. marty makary is with us for this morning. the migration and baby boomers and we're always nervous about alzheimers. does eli lily drug make real progress? >> it does, stu. if you look at this new drug, it did clear amyloid with a statistical existence and infusion once a month and found there was a strong relationship with the dose, higher the dose and very promisings trial result and they're going to start the final phase 3 trial and will take about two years and for the

7 million people it's good news. stuart: does that imply you can roll it back and apply the faculties? >> there's no direct association with the symptoms improved and it's believed to be the mechanism and there's similar drugs that reduce plaque and baby boomers are waiting and playing reducing dairy foods for dairy usage by as many at 24%. >> usda the united states department of agriculture is a

study of national science of medicine and we should be lowering our consumption of cow's milk and never designed to be drinking three or four glasses of cow's milk a day as previously recommended and there's a big controversy that you'll have and we should be consuming all this cow's milk and it's a good source of protein and calcium and vitamin d. others say it's gotted ad sugar and meme can be eating other things to get those nutrients so this is a big controversy right now. stuart: when i was a kid in england, a school kid, every child in england got one-third of a pint of milk every single day. nobody ever had lactose intolerance and it didn't change. >> drinking milk in school and chocolate milk and kids and adults drink mill and can that's a lot of controversy. should adults be drinking three

and four gasses a day and down 20% over the last decade and not many are saying not necessary for adults. stuart: we're dairy farmers in our family. thank you, sir. on an un-related note, actor hugh jackman urging fans to wear sunscreen after having a skin cancer scare. watch this, please. >> it's not worth it. no matter what, it's 25 years ago and coming out now. stuart: ouch, jackman's doctors took two biopsies and both came back negative and the actor has been treated for skin cancer several time as year. he issued the warning and now this, fill up your gas tank now because prices are going up. in ohio for example, the price of regular has gone up 22-cents in just the last two days. i'm going to call that a real spike. oil executive john catsimatidis says the prices are going to go up even more. john catsimatidis is next.

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stuart: the national average for gallon of regular gas is $3.55 and up about seven-cents in a week. but look at ohio. okay, the average for regular is $3.62 and the point is that is up. 22-cents in two dais. that's a spike. john catsimatidis is with us and he's the ceo of united refining and are gas prices going higher than this? >> that's a world war going on right now. about a month ago of two, three weeks ago and i said it was going down to $65. it went down to $65 when president biden opened up alaska with senator sullivan was l. and we were well on our way and i said in two, three, four months the price of food goes down. forget about it. it's over. yeah, the russians and the saudis, the partners decided they want $85 oil and they want

$100 oil and what's going on? there's a world war going on between what's the price of oil. russia, saudi arabia wants $85-$100. we want $55, $65. but we're not turning on the spigots fast enough to get $65. stuart: we can't. >> we have the ability, stuart. stuart: if biden said tomorrow morning, drill baby, drill. stuart: $55 and inflation goes away. i said to you about food prices going down, forget about it. not going to happen because what food company when he sees the price of oil going back to $80, $82, what's going to lower the price of food? stuart: if it goes to $82, $83, $84 per barrel, gas is $3.55 and what does it go to? >> at 10, 15-cents and more.

>> the american public and american citizens are attacking and we're taking the wealth of north america moving it over to saudi arabia, russia, china. >> i've got to get this in you're a new yorker and you omitter businesses in new york and it's a wonderful city. stuart: it's an op-ed in the new york sometimes out today. look at that. the trump indictment is a legal indictment with the trump haters. >> what happened to the worth ethics? what happened to the word with lawyers are sworn in, when lawyers go to law school, they're supposed to be ethics. so somewhere we are losing that. the lawyers with ethics, with

common sense are scared of the ones that are crazy. stuart: who's crazy here? >> somebody is crazy. stuart: alvin bragg? >> i think he's stretched -- stuart: he's over stepped. >> i think he's overstepped and i served with the prior da for almost 50 years, and mr. morganthaw would be turning over in his grave. stuart: he would indeed. john, insightful stuff and we appreciate you being here always. >> thank you, stuart. we have get the truth out. stuart: good man. next case, it's time for the thursday trivia question, it's a good one unless you look it up. many pipet don't have a clue what the answer is. cadbury, the candy people, they're british. what year were they founded? 1782, 1998, 1824, 1822? the answer after this. al ♪

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that's too much work. weathertech is so much easier... laser-measured floorliners up here, seat protector and cargoliner back there... nice! out here, side window deflectors... and mud flaps... and the bumpstep, to keep the bumper dent-free. cool! it's the best protection for your vehicle, new or pre-owned. great. but where do i---? order. weathertech.com. sfx: bubblewrap bubble popped sound. neil: yeah i thought this was a good question. i haven't a clue how people would know it without looking it up. in which year was cadbury's founded? 1824, ashley you got to come into this. cad burly, favorite chocolate. >> those chocolate bunnies. number three 1810.

>> i go with 1824. well down, stuart. the company started when john cadbury opened a grocery shop in england in 1824. did you know, ashley, today is maund thursday and do you know what maundy thursday is? >> washing of the feet, last supper, that is last tin for commandment. >> the day sell operation of "the last supper." if i'm not mistaken in england the king or queen of the day walks outside the palace, hands maundy money happened to be hanging around? you remember that? i negative did. time's up for us ashley, "coast to coast" starts now.

neil: stocks are not