♪ high on loving you ♪ ashley: st. patrick's cathedral in midtown manhattan on this good friday. it's 10:00 eastern. the markets are closed for the good friday holiday. getting you up to speed on the 10 year treasury yield, up 6 basis points, 3. 37%. let's get into the cryptos, bitcoin down 55 at 27,900, ethereum down 11 at one thousand 854. i want you to take a look at this, the mainstream media spent 658 minutes covering donald trump's indictment. meanwhile how much did they spend on the biden family corruption story, 0. shannon breen joins me,

pleasure to have you here. let's get your reaction to media coverage of trump's indictment in light of the biden family's troubles? >> great to see you. we are not surprised in that donald trump is a ratings boom for these organizations. as long as he's in the headlines it's good for them, they get eyeballs, they get clicks, they don't want him to go away no matter what they say on the surface, he's good for business when it comes to media. easy for the focus to be on him, great for the ratings. they may not want to talk about what is going on with hunter biden, but the house gop is busy on that front and says doesn't matter if anyone else is paying attention, we are going to do so and after this indictment by alvan bragg in new york you have other people around the country, other prosecutors in tennessee and kentucky talking about they may get involved in the biden

investigations. the media may not want to pay attention to it is active. ashley: it certainly is. florida governor ron desantis even though he hasn't announced a 2024 bit yet, he had his team planning out their strategy to take on donald trump, focusing less on making a quick splash in certain swing states, outlasting trump in the long haul. desantis touted his record in florida while speaking in michigan yesterday. >> as governor of florida when i want to hang out with michiganders at the beginning of april i usually go to naples but great to be in the real thing. i get to learn a lot about what is going on in other states because when they govern badly in other states a lot of times that will impact florida. voters in florida responded, what used to be a swing state, now the democratic party in

florida is a hollow shell, like a dead carcass on the side of the road. ashley: dead carcass on the side of the road. it sounds like he's going to run, what do you think? >> it does. the infrastructure, the money, all those things are there and waiting for him, people who want him to run say we've got already for you, i do think it is interesting that sounds like they are playing this long-term strategy, the states he's visiting now are very critical and important to that political but but they are looking beyond iowa and new hampshire to try to outlast the former president when it comes to picking up delegates because it is a long, grueling match. think about what happened in the democrat primary last time, president biden did not have a good showing in idaho or new hampshire, south carolina turned things around. it's possible not to in the first couple key states, that's how the desantis votes are

gaming it out. ashley: it is fascinating to follow. thank you for joining us and check out your new book called love stories of the bible speak and it is out now so congratulations on that and on fox news sunday at 2 p.m. eastern. thank you very much. now this, trump's campaign team trying to sway voters away from ron desantis, sent an e-mail urging voters to, quote, demonstrate their support to the former president. it comes as trump leads desantis by 8 points in the latest poll of 2024 candidates, trump is cashing in on his recent legal controversy. his campaign has raised $12 million in fundraising since news of the indictment broke. now this. the irs unveiled its new plans

to revamp the agency. come back in and take us through it. susan: $80 million to look at real-time alerts for returns in the future. also clear status of refunds and audits. also they are trying to hire 7,000 more of these irs officers and agents, they want to be able to audit wealthier americans, so i look at the audit rates over the last year or so, it is sitting at the lowest since 2,002, looking at 20 one year lows for audits because they don't have the people to sift through those reports. if you make $10 million the audit rate does jump up. who do you think is susceptible to these audits? think of someone on vacation today possibly in naples, florida. stuart: what do you think about that? thank you very much.

susan: the modernization, i'm still getting the pin numbers by mail, why don't we have an online? ashley: exactly, thank you. back to the jobs report, 236,000 jobs added during the month of march, unemployment ticking down to 3.5%. david, good morning to you. let's start there. we are seeing a hiring slowdown but having said that it is still pretty robust, more than the fed would like. what's your reaction? >> reporter: we are seeing job creation slowing down but unemployment is relatively static so there's more layoffs in q1 this year than all of 2,022 last year.

that's a very important point noting that we are just seeing this trend come in here and that is what the fed is hoping for. one of the challenges with the unemployment rate in the reason we've not seen it reduce as much, we've seen a lot of baby boomers retire. if you have a numerator and a done many are, the denominator keeps being reduced, numbers won't fluctuate that much, that's an important consideration as we understand getting this data but those boomers are getting social security, better than 60% of the gdp, the problem with the debt ceiling conversation no one wants to be discussing? ashley: manufacturing could be in a recession, hard to tell but things are slowing down. do you expect recession and how deep could it be if we get one more rate hike from the fed and make?

>> year. leading indicators, the ism index is a great indicator of success and health of our economy and that has been slowing so we just saw that down more than expectations which is to say we are entering into a recession, depends how you define it. most average americans would declare they are not recession but we have different ways of looking at this from a macroeconomic standpoint. globally the globe is entering into recession which is concerning given that very rare but we've got big problems at the banks here today. if we are not enough financial crisis we are certainly in a recession at the banks because of the challenges with higher interest rates and the

expensive 4% plus, needing to pay to compete with treasuries. if they can't compete with treasury they have all these outflows showing up on balance sheets. they can't afford to make these loans and local regionals, which are responsible for 70% of corporate debt as far as real estate goes in the capital they are borrowing where will they come up with this money when all the cash is flowing out of local regional banks so two places, like the treasury, it is a concerning moment if i could be honest. ashley: sobering words but appreciate your input. thank you very much i think for that assumption, assessment of where we are but it's reality. now this. samsung reported earnings yesterday, what is this about

cutting chip production? >> everyone is doing it but samsung slush's showed the slowest courtly profit in 14 years because of the weakness in chips meaning the smallest profit for samsung since the financial crisis and as a result samsung like everybody else will be cutting chip production. it is not just affecting samsung but micron in boise, idaho, another memory chipmaker, 15% of their workforce and thousands of jobs when it comes to memory chips, luckily for samsung, their premium galaxy smart phones, pretty strong solid sales to end last year in the holiday shopping period so they have hardware to offset their chip glut. ashley: what is this about pepsico using anti-technology? susan: everyone is using it. think of a high-tech industry using artificial intelligence to track consumer demand and

speed up product development. we call this predictive modeling when it comes to ai, artificial intelligence has been fantastic for that, hundreds of millions of dollars every year to beef up their ai tech so pepsi was using ai to sweep social media posts to track what pepsi drinkers and chinos eaters wanted and that included a new immunity water brand which is on the shelves at 6 months later. new tech, pepsico was the first buyer of has lapsed electric semis which they took control of last year, order to hundred of these tesla semis and they will roll them out this year, $25 million or so on elon musk's trucks at least. stuart: thank you. that's a lot of money. now this. very sad story, the murder of cash apps ceo putting new pressure in the city of san francisco, the daughter of a hollywood mogul blaming liberal

politicians for bob lee's death, the latest on that investigation. house foreign affairs chairman michael mccall says sending us troops to defend taiwan from a chinese invasion is not off the table. this after three chinese ships and circle the island yesterday. aishah hasnie will have the latest report coming up. the white house releasing its long-awaited report on the deadly withdrawal from afghanistan and blaming donald trump for the botched withdrawal. will the biden administration ever be held accountable? we are on it. with the money we saved, we tried electric unicycles. i think i've got it! doggy-paddle! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ sfx: [alarm] every day you get to choose. do i want more? can i grow stronger?

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ashley: chairman of the house foreign affairs committee michael mccall, sending americans over to taiwan to help fight should china invade, strong words. aishah hasnie is in taipei, taiwan, you spoke with mccall, what else did he tell you? >> reporter: good to see you. this has been very different from what we've been hearing in the lead up to the war on ukraine. lawmakers kept telling us absolutely no boots on the ground, now we are learning that this is a real possibility when it comes to taiwan. in my interview with chairman mccall, he said sending american men and women to war is absolutely the last resort, deterrence is key, but authorizing war powers is not out of the question. >> you are saying the option to authorize war powers is on the table.

>> if communist china invaded taiwan, it would be on the table and something that will be discussed by congress and the american people. are they prepared to do this, is taiwan worth it? i can argue for a lot of reasons why it is. >> reporter: chairman mccall has been leading a bipartisan delegation to taiwan focused on deterrence. today he met with taiwan's equivalent of the house speaker who told fox that he would welcome us troops if china were to invade. >> translator: we welcome any fighting nations to come to fight against any expansion against totalitarian regimes. >> reporter: the group will meet with president tsai ing-wen who just met with kevin mccarthy in california this

week, also when i asked mccall why mccarthy didn't come with him or come to taipei to meet here on the ground, he told me the reasoning is sensitive but does believe there are plans that are prepared for a visit. back to you. ashley: great report, thank you, great person to talk about this. listen, the rhetoric is being ramped up, china is making all sorts of comments and saber rattling but to the point in that report, should we be sending americans to defend taiwan? >> not right now. this is where mccall, the message is so far off base. nice thing about taiwan, so many other partners, they are not asking us troops for us to

pay because taiwan pays for the backlog of stuff we approved after arduous process for them to purchase. it is inevitable forces would be involved in a war if china invaded taiwan but asking for this vote that should lead the discussion, making them more of a porcupine for china to swallow talking about us troops. ashley: i want to get your feelings on the latest in ukraine, i understand ukrainians could be gearing up for some offensive. feel like the russians through attrition and grind are making progress. and that area, feel like

russians through numbers starting to grind forward. >> when you engage in a land war with russia, it loses every battle, a little bit of an exaggeration but has a much bigger population base instead of resources to draw on. this is why parties should have been pushed into negotiations when there's a stalemate. if one side has the initiative and russia gains the initiative, doesn't have that, hard to get to an agreement. looks like a war of attrition and another frozen conflict which happened in 2014. ashley: we will move onto the subject. i spoke to lieutenant general keith kellogg, nearly broke his television set over this one. the administration releasing that long-awaited review of biden's withdrawal from afghanistan, they continue to

blame donald trump. i will get your comment. >> when he came into office, what he was walking into, he didn't negotiate with the taliban, he didn't invite the taliban to camp david or release 5,000 prisoners, he didn't reduce force levels in afghanistan to 2500 that he didn't have an arrangement with the taliban and that they wouldn't attack our troops. he came in with a certain set of circumstances. he had no ability to change. he had to deal with it based on what he inherited. ashley: your reaction to that? >> you should look at the 12 page document, it is a political campaign document from the national security council staff which wasn't actually supposed to be part of the biden reelect. they say it was drawn from intelligence bureaucracy. i'm surprised, if it were a republican white house doing that, you would say it leaks from bureaucracy to the liberal media and how the white house

was perverting intelligence, donald trump had a plan to end the war that brought the taliban into the government and it was always conditioned on the taliban doing certain things we could stop. look at at the timeline. as simple as that. what happened, the chaos in afghanistan was in august, donald trump left office in january. it was president biden who made the decisions, ordered the evacuation of bagram. he's the reason the united states was humiliated in afghanistan. ashley: is anyone going to be held accountable, based on this report i don't think so other than pointing the finger at donald trump. >> not at all. after 13 serviceman, killed by isis at the harvard karzai international airport, central command reacted rapidly, killed a bunch of people who were innocent including 5 or 7 children, the head of centcom shut them accountable, he wasn't, never was held accountable.

this is something the administration wants to move beyond, they think they' re being clever with this document blaming trump, they realize this is a problem in 2024 especially with ukraine turning into a potential stalemate, just a political act. stuart: and the timing just before a holiday weekend, suspicious at the very least. you are always great on all the topics as always, lots to talk about. appreciate it. now this. horrible story, new security footage showing cash apps - it has been released. the video we are about to show is a graphic. it was obtained exclusively by daily mail and it shows a wounded lee dropping to the ground after being stabbed outside a luxury apartment building in san francisco.

he's seen grabbing his side. is also trying to wave down passing cars for help and no one stops. actress sarah foster, the daughter of musician david faster posted on instagram saying i'm a registered democrat and feel confident saying liberal politicians are ruining cities. police say the killer is still on the loose, 43 years old. numbing up more companies are so sick and tired of younger workers, they are now recruiting older people. roll it. >> africans must be over 65 years of age, have organizational skills, genuine interest in e-commerce, whatever that is and roll up your sleeves attitude. >> upload the application, that can be challenging. ashley: some bosses say older employees have more to offer. i would agree, that story coming up.

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cure rates all around the world, but we should. it is our commitment. we need to do this. ashley: you are looking at 6th ave. in new york city where it is 55 degrees, not bad at all. we are playing work by rihanna because many companies still looking the hard for determined workers to fill out their staff. come in here. what are they doing about it? susan: we are looking at mature workers who carry those w cards, they are the preferred candidates to fill jobs in some cases. demand is up for these mature

workers because some say these older workers actually want to work, they want the jobs and are willing to work hard. you saw wall street journal survey, 3 quarters of people 65 and older say hard work is important to them whereas there is a cultural difference, the number drops to 61% for 18 to 29 years old and careers last 60 years now. stuart varney is a good example of that. these 75 and working hard and there are a lot of jobs, close to 10 million job openings still in the us, almost two jobs available for every worker that's looking and today's job numbers saw the number of workers entering the workforce, the participation rate which is the most encouraging part of the report today standing at 62. 6%, the highest since covid started. people are willing to get back

into the workforce and want to get paid and whether you are older, younger, those jobs, right? ashley: there's plenty out there and the older mature workers have a good work ethic, no doubt about it. >> don't paint everybody with the same brush. ashley: i don't, i don't they do as well. you are not a fine example of the younger worker. you are an outlier. let's move on. remote work continues to hurt big cities as they hope for a post pandemic comeback. kelly o'grady joins me now, great to see you. we've been reporting on san francisco and new york but you're in los angeles and they are having a problem too. right? >> we are feeling the same economic impact. i'm on melrose avenue, this is an iconic area, look at what we

are looking at, this is an example of one of the shops, commonplace to see boarded-up, a lot of graffiti and the spiral we are hearing about that started during the pandemic. these desolate streets allowed homelessness and crime to spread unchecked and that's reflected in the numbers. i will share some stats from the lapd, personal theft in the first quarter this year versus last, a 5% spike versus 2021, 33. 9% increase, you can get a sense of a major problem in los angeles especially in the melrose area. when community tells us the neighborhood once reached the third most dangerous sector in in la but still government support is lacking. >> i don't think any community is getting enough support. it is murder, mayhem, smash and grabs, kidnappings, drug-related overdoses.

it deals to inconvenient them to talk to groups like us. >> the remedy becomes don't walk alone, and void that area. what you're saying play out in the series like san francisco' s taking effect as well. and second pockets people don't want to return to the office or go shopping, businesses suffer, crime rises and reinforces the decision to stay away. the take away is this is in the bad area of la. we didn't go to the seedy traditional areas for the shock value of this report. a block away, 5 million-dollar houses. what happens when those people say and up is enough, i'm leaving entirely? ashley: exactly right. the doom spiral you were talking about, thank you very much. back to the chicago election. brandon johnson has been elected to be the city's next mayor. cory brooks as a pastor and

joins us now. great to have you on board. what your reaction to progressive johnson replacing very progressive lori lightfoot. i don't know what changes? >> we are hoping to see some change in chicago. chicago isn't have spot especially after we experienced all the stuff we experienced under the last administration. it's very important going forward that we don't end up like san francisco or portland, oregon so we need all hands on deck and hope we can make some changes but it will be very difficult especially since a lot of people are worried about progressive policies. ashley: do police get more support? does morale improve under brandon johnson? >> what we are seeing is we have low morale the fact that johnson won the mayoral race probably does not add to it

especially since the police fop were heavily in favor of ballast. there will be a lot of mending of the bridge, remains to be seen but a tough job to convince the police department that he is in support of them. ashley: no doubt. i want to change gears to the story, protesters of the state university of albany in new york, try to shut down a free-speech event on ian haworth. one demonstrator went as far as destroying an event attendee's bible. watch this. i will get your comment. [chanting] ashley: i thought the tolerant

left is just a misnomer, there's no tolerance on the left. if you a spouse or have another point of view they will shut you down. in this case ripping up a bible. it is disgusting is the word i would use, what say you? >> i would use the same word. the fact that we live in america where we are supposed to be able to practice freedom of religion and have freedom of speech and yet in times when it seems like the left disagrees with freedom of speech or disagrees with views they are not in step with, they do things like this, destroying a bible, totally unacceptable and those of us who are conservative, those of us who are christians we need to stand up and have our voices be heard and speak out against protesters and people like this. ashley: it is free-speech, what america stands for. pastor cory brooks, thank you

for joining us on this good friday, we appreciate it. now this. two former teachers who worked at kanye west's private school in la suing the rapper, they say he band chairs, refused to hire a school nurse, served sushi for lunch every day. we have the bizarre details from the lawsuit in our next our. the federal reserve is looking good to create a digital currency but some republicans like senator ted cruz are worried about privacy concerns. grady trimble will break it all down for us from capitol hill next. ♪ ♪

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ashley: as the dollar drops in dominance the federal reserve is looking to created digital currency. grady trimble joins us now. what do we know about this so far? >> reporter: the federal reserve and treasury department getting ready to launch central bank digital currency in july. the fed says the goal is to allow consumers to transfer money and pay bills in real time at a lower cost, but republican lawmakers have serious concerns about a centralized digital currency. senator ted cruz is proposing a ban saying the government could survey on americans transactions. senator cynthia lennox is known as the crypto crane because she owns and wants to regulate bitcoin and other crypto currencies. she has the same fear.

>> most americans don't want everyday expenditures exposed to us treasury department scrutiny, not because they have something to hide but they don't have things to share as independent liberty loving americans. >> this is an issue at the state level, some gop governors want to outlaw cbtc as well. >> who knows whether they would let you purchase a firearm or things they disapprove of. you are opening up a can of worms and handing essential bank huge amounts of power and they will use that power. >> reporter: the reason bitcoin and other crypto currencies got popular is they are not backed by a central bank or government but now, because they are so popular, the fed is stepping in and getting involved.

ashley: defeats the object. now this. the bitcoin weight paper known as the bitcoin manifesto has been discreetly added to all mac operating systems since 2017 and mac isn't saying why. the document details how bitcoin works and it was written by the creator of the bitcoin block chain in 2,008. it is fueling theories that the mysterious bitcoin creator was steve jobs himself. the technologist who discovered it said that he asked more than a dozen friends to check their apple mac computers and the document was on every single one. theories abound. denver, colorado, is expected to spend $20 million on housing and care for illegal migrants. in a 6 month period.

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ask your rheumatologist about cosentyx. ashley: look at this shocking video, a human smuggler tried to run over a texas dps trooper. matt finn is at the border, what happened here exactly? >> seems like every day or every week there is some type of shocking high-speed pursuit on the southern border and sometimes they end up and horrific crashes, mass casualties. this video, a texas state trooper throws down some spikes to stop a high-speed chase and jumps to save his life. >> he tried to run over the trooper.

>> reporter: to the beginning of the incident, texas state trooper was trying to stop a silver car for traffic violation, trooper documents the chase reaching one hundred 20 miles an hour. the pursuit continues to a separate county, and on the ground goes down those spikes. the driver of the silver car, the second officer. they lost control and was arrested. in a second video, if you look closely on the right side of the screen, in dark clothing almost systematically. texas dps tells us some illegal immigrants were arrested. and and whether the chase was on foot.

and they arrest people with criminal records. back to you. ashley: you are right. we see videos day in and day out. the general land office. they patrol several acres of islands. to avoid capture. doctor don buckingham, and she joins us, thank you for joining us. and -- >> happy good friday. i hope everyone has a blessed easter. we are talking about two islands, 45 acres.

what a lot of people don't realize when you see the footage of the island you realize there's a thick cane that grows, invasive species and the type of plant, the density that you could be 5 feet from me and an infrared scope couldn't pick you up. it's a staging place where people hide all the time. eagle pass is one of the main thoroughfares. where we see illegal immigration happening. with complete operational control of the border. ashley: president biden's immigration policies are tested next month, once title 42 officially ends. are you prepared for that surge at the border? >> don't know if anyone could prepare for the surge we think will happen. this biden border blunder is unacceptable.

is endangering not just residents and citizens of texas but the entire country. the amount of human trafficking, the people coming across the border are literally enslaved by the cartels and the violent gangs. we recovered enough fentanyl to kill every man, woman and child in the united states, the border policy, the fact the biden administration is going against the rule of law of the country in the constitution is unacceptable. that being said, texas will continue to do everything to get complete operational control even when the federal government won't do its job. ashley: we show videos of them trying to capture these migrants. must be in credibly demoralizing because many try again the next day if they

don't get through the first time. >> exactly right. i will take a step further. the families of these officers, their children every day, when they kiss their mom or dad goodbye to go to work they wonder if their parents are going to come home alive. the video which earlier exemplifies how dangerous a job this is so we need to back our law enforcement, need to obey the rules. we need orderly immigration. we will continue to fight. ashley: it is a complete crisis. it's chaos. thank you so much for joining us on this good friday. we appreciate it. still ahead on the show, steve hilton, wall street journal's kim stressful, tomi lahren and jonathan honecker. the 11:00 hour of "varney and company" is next. ♪

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