>> the dumbest thing anyone ever says is donald trump should back out of the primary because the indictment. no. he should go full steam ahead. donald trump better not step down and thank goodness he's got the guts that he won't. >> fed has a credibility crisis and not going to pause till they're sure the fight against inflation is done. the market is not trending on what inflation will do next month but expectations next year. >> last two would he bees have been very, very dire when it cops to lending. that's a precursor so recession and maybe we get something that's possibly worse than recession. jot inflation reduction act was estimated at $1.2 trillion and too much money chase too far goods.

stuart: it is tuesday, april 11 and that is the beatles, can't buy me love. the dow is down 88 -- so i recollects the dow is up 80 and nasdaq down 65. i keep saying it but you've got big inflationary reports coming out wednesday and thursday. big tech all down and all big tech down and microsoft ray done this morning. way down this morning. yield on 10-year treasury 3.43% and look at bitcoin. that's the standout of the morning. it's now reached $30,000 per coin. now this. president biden has a tiktok strategy and actually part of his basement strategy that is keep away from reporters and don't take questions from

reporters and the biden team is using hundreds of influencers to promote his policies on tiktok. axios reports they want to reach young people. members of congress are trying to ban it and biden may give the influencers their own briefing room in the white house. one influencer asked about getting press briefing passes and told they were very responsive to it. i'm sure they were. influencers are not likely to be asking tough questions when they've been brought on board specifically to support the president. the real question is whether the president can convince young people he's not too hold for

second term. he got the youth vote in 2020 but now into his 80s and shows it. he has to convince all voters that he's not too old and i don't think he can do that. in february, a poll showed 65% of voters thought the president too old by early april a couple of weeks later the same poll showed 68% thought that way. the president says okay, he plans to run again. that's why he's lining up tiktok influencers and the poll for the democrats and telling the biden harris team time is up. get out of the race and let murrieta blood in because an person with an incompetent vice president cannot win. third hour of varney starts now. stuart: look who's here?

katie pavlich. thank goodness. good morning, katie. >> great to see you. stuart: these influencers, if they are indeed hired, they're not asking any probing questions of the president, are they? it's his way -- it's a basement strategy, isn't it? >> stuart this, is what we call a government propaganda machine. if the white house is going to really be taking in these influencers, i'm curious about who's going to be paying for them to come to washington dc, most of them do not live here. yet they're being asked by the white house to potentially come for "briefings" but are just note taking sessions to repeat what was told to hem on their tiktok platforms and it's interesting to watch as the administration is trying to argue that tiktok is a national security threat. yet they are now using it as a way to get president biden reelected. you know, republicans and some democrats on capitol hill talk about it as a national security problem, but now the biden reelection team is saying

national security, the young vote, reaching out combating the social media influence that maybe the republicans have for donald trump and the republican nominee and that's where he's going. going. it would be a huge lift for the democratic structure to december band from the biden brand but they do have other options and when gavin newsom says that i'm not running and then he means i'm not running literally right now. it could be a couple of months and he sees what other democrats see like president joe bind can't answer basic questions like at the easter egg roll and has a real big problem with the tiktok influencer plan and they'll get access to the

president when they can't given get private conference. stuart: waiting for the democratic convention in chicago from 1968, which i remember and you don't. katie, there's a new poll that shows half of voters think trump should suspend 2024 campaign following the indictment. >> half the voters, meaning democrats and half the voters are democrats and they think that donald trump should suspend his campaign and look at other polling and came out of the -- this information and a lot of independent voters are politically motivated and that president trump is being targeted because he's going to the republican knock-knee for president and i'm going to say this -- nominee for president and this will be a distraction and people in the country focused on big issues like foreign policy for example and the world is in a very difficult place and had that earlier with the former navy seal talking about taiwan and i was in

israel, there's a lot of people there that are very concerned about the de-stannellization of the middle east -- destabilize and -- destabilization and last minute people in companies in the week and through the roof with the fed increasing interest rates making money harder to borrow and more expensive. while pompeo seem believe this is a good thing that pump should step aside, he's not going to and they're going to fight this every step of the way and they'll use it to their advantage to show that the government has been politicized and used as a weapon against opponents on the campaign trail. stuart: they say politics is toxics but it's a lot of fun and i'm enjoying it. >> yeah. most days. stuart: politics 2023, nothing wrong with it. >> yeah. stuart: katie, you're all right and thank you very much for being with us this morning. >> thank you, stuart. stuart: back to the markets, not much action today. with all the inflation reports coming and dow is up 70 and

nasdaq is down 60 and there you have it. mike lee joining us this morning. mike, rallies come -- rallies in the stock market come when growth is slowing a little. when rate hikes slow down. and when inflation slows down. we've got all of that right now. so do you think a rally is coming as i do? >> no, stuart. stocks have rallied and bonds are valleyed and federal rate cuts and the bond market is rallying because they think something substantial is going to break and cause a recession, which is what's going to lead to the fed rate cuts and equity market is rallying because of rate cuts and the bond market is protection ahead of a train crash and i would say equity markets are kin to a small child playing on the same train tracks before train wreck comes. stuart: okay.

>> you have contracting liquidity and the last time we saw this type of contraction and lending over the last two weeks was 2008 and i'm nervous, something particularly nasty will happen and somewhere in the commercial real estate market and most likely an office space and pockets ornamented the countcountry are people around midtown manhattan and downtown chicago and san francisco and all over parts of the country and vacant office buildings and their leases are coming up and as those leases get renewed at a certain point, it'll be worth it for the landlords to walk away and most of the loans are underwritten for the moderate office side sayses and small and medium sized banks and there's an issue there and a huge issue there and manufacturing has been in decline for over a year now and leading economic indicators are not points up or pointing down and slowing growth and

contracting liquidity and earning estimate as that are outlandishly high, nothing god for stocks. >> stuart: we'll wait. jamie perm and will this is painful. it's reality and all the deterring situations, the stocks may soldier on through and we may not have a massive correction, but as a fiduciary and process-based investigationment manager, i can't hope for the best. stuart: okay. good man. mike lyrics thanks for being with us this morning. >> thank you, stuart. stuart: looking forward to the super bowl again. >> me too . stuart: lauren is watching the movers and top of the list is micro-strategy. lauren: a big bitcoin buyer if not the biggest and back in the blat black because bitcoin retook $0,000 since june and stock up 5.25% and for the most part they bought over 150,000

pit coin for an average of $1,298,000 each and they're in the black. technically. two pieces of news, they expect their first quarter deliveries to exceed air bus for the first time since the second quarter of 2018 and 11 chinese airlines resumed of the 737 max. two pieces of good news. stuart: i used to write off chipotle as expensive beans and rice and more than that and they're doing well and i think they are. lauren: black beans and rice and going fully electric and opening these new restaurants and solar panels on the roof and the way they designed the stores and biodegradable materials and vegan menu items and cutting the

gas stove and cook till it's electric. lauren: they opened a brand new chipotle and opening a new restaurant and won in there twice and whatever they had they didn't cook enough food and ran out of carnitas twice. >> stock is up 1700 a show. look at that. stuart: thanks, lauren. do not use public phone charging stations. that's the warning from the fbi. they say you can get hacked >> absolutely not. the president takes shouted questions. stuart: the president only held 23 formal press conferences since tabooing office and more on that for you. white house reportedly thinks

influencers will get the president reelected and relying on tiktokers to convince young people he's not too hold to run. dan snyder worked in the bush white house and see what he makes of the social media strategy, which is like the basement strategy. we'll be back. ♪ asking the right questio is you

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heading to northern ireland this morning and meeting with uk leereds the peter doocy is in belfast and that's in northern ireland. we have rising china tension, fears of border crisis, leaked

document crisis and what is the president doing in uk? >> stu, talking about this boarding air force one and it's in the air over the atlantic ocean somewhere and president biden wants to come here to check in on a quarter century of peace. >> keep requesting fingers crossed. >> there's a lot going on back home and elsewhere in europe, we ask if there's possibly more to the trip and we've been told there is. >> president going and touching on his own family story and the story of many of americans here and americans here as you think about how this country was

created and built and put together by immigrants, i think that's important. i think that's something that's important to highlight. the president looking forward to that. >> president biden will be able to advance u.s. interests by looking back at his family tree. stuart: got it, peter. thank you very much indeed. president biden will reportedly use hundreds of influencers with his 2024 bid tiktok influencers by the way. dan snyder from media research center joins me now and biden going for the youth vote that he's not too old and the work down. >> they don't want the young

voters seeing biden but the influencers and you'll use taxpayer dollars and teen voters and your last report and this is what the white house is focusing on and instead of focusing on ukraine and china and they're feeding into the threat of china and using tiktok and it's shocking. stuart: well, the white house was questioned about biden's few and far between press conferences. that's a form of the basement strategy >> absolutely not. >> why the lack of any interaction in a formal setting to have a press conference? >> i mean, the president takes shouted questions but certainly the president many times have stood in front of all of you and has taken questions on his own. he wanted to see what was all on

your minds. >> he took office and who is -- stuart: makes you wonder who is running the pilot presidency. if the president doesn't stand and say what he's got to say, who's running things? >> well, it's obviously not the president. he has taken questions and he attended a funeral and thanked her for attending and his brain is mishmash and he was never thought of as a smart man but now whatever capacity his brain had, it doesn't exist at all anymore. anymore stuart: i don't think he runs and trying to convince

young people he's not too old but can't convince democrats he should run. i don't think democrats will let him run. what say you? how not to have him be their candidate and how do you then tell kamala harris not to run and democrats are focused so much on intersectionalty there would be hell to pay if he didn't pick her to be the replacement and there's a tough one to solve and biden is not the one to solve with his brain power and kamala harris is too invested in it. stuart: the democrats won't let him run because he cannot win with kamala harris as hi vice president at the age of 82. that's my position. last word to you.

>> i don't though what's going to happen. stuart: neither do any of us and doesn't run. dan snyder, thank you, sir. see you soon. fbi warning against using public phone charging stations like the ones i offer news of the airport. ashley, what's the problem? ashley: the free charging stations and airports, hotels and shopping centers and fcc warned about what it calls juice jacking as a new cyber theft tactic saying that the malware due to usb port can lock a device or export personal data and passwords directly and cases reported for them to avoid all of this and becoming juice

jacking and carry your own charger and usb cord and leave the public ones alone. stu. stuart: i'll remember that, thanks, ashley. check the market one more time. the dow is up more than 100 points and the s&p eking out a 4 point gain. 40 points down for the nasdaq. show me big tech all over the place and mostly lower apple down 161 and amazon below 100 and share and meta up and alphabet down and big drop for microsoft which is down more than $6. chinese company with its own chatgpt coming out and competition for microsoft and microsoft goes down. you may be able to catch up with dead relatives on your computer. run researcher thinks ai could help us stay in touch with our loved ones beyond the grave and we'll stay in touch. vaccines could be ready by the end of the decade to help with

heart disease. doc siegle explains how it works and doc siegle is next. ♪ mara, are you sure you don't want -to go bowling with us tonight? -yeah. no. there's my little marzipan! [ laughs ] oh, my daughter gives the best hugs! we're just passing through on our way to the jazz jamboree. [ imitates trumpet playing ] and we wanted to thank america's number-one motorcycle insurer -for saving us money. -thank you. [ laughs ] mara, your parents are -- exactly like me? i know, right? well, cherish your friends and loved ones. let's roll, daddio! let's boogie-woogie!

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stuart: time for this day in history. american built on this day apriy acquired its first submarine called the holland. it was a 53-foot long vessel and propelled by gas when it was on the surface and by electricity when submerged. now you know 1900 per sub. watch american built at 9:00 p.m. eastern on fox. bitcoin is up $30 grand. susan: back by popular demand and bitcoin crosses 30,000 for the first type since june of last year, a 10 month high and that's an 80% plus run so far this year.

ether or ethereum up 60%. what's behind this and why are these cryptos surging so much? a few factors according to crypto traders and bitcoin trades like a nasdaq 100 stock and they're back in bull market territory and the fed likely pausing on interest rates. you have short covering taking place and this jump back in prices are -- so the short covering. i want to explain what it is and people making sure they don't have to pay more with the surge in the rally and the prices. there's not a whole lot of volume out there as well. those that own bitcoin and ether saying maybe we'll dip our toes back in and there's an ethereum

upgrade to increase the amount of ether trade in the markets spike by 20%. >> i lost 70% of it and it's come back a bit. susan: your grandson is 1 years old and has plenty of time for the improved value. stuart: right, he can recover. susan: ev cutting by demand and they're putting $50 million to

secure lithium, lithium is very expensive and hard to find but your volumes or profit margins are like a profit company and make that commitment and make that supply. susan: you get the rebates and pushing toward electric. stuart: runup in amc. susan: yeah, this is continuing on the runup that we saw because of the super mario bro movie and box office list and amc up 10% in the past week and other studios like paramount global rallying and super mario had the best opening for any animated film in history and john wick 4 and studios can macht content that people want to watch on the

big strene and warner bros discovery, which is the owner of cnn and wbd has said they will combine the hbo max and discovery app together and it'll be called max and starting at $16 a month and it's like the hbo max price good stuff. stuart: moderna chief medical officer said they'll have cancer and heart disease vaccines ready by the end of this decade, 2030. doc seeinger is with us fortunately. doctor, what kind of cancers are we talking about? >> we're talking about potentially all kinds and i'm really glad to be talking about moderna mrna than covid and covid all the time. let me tell you what this does and it looks for protein that's

causing the cancer or can identify the cancer and basically the mrna can alert your immune system to that protein. we've been doing that already with immunotherapy and with mrna you can be more specific and can shift target all the time and not always the same target and the way we do and other immunotherapies and do it in advance and calling it a vaccine and doing it in advance and tumor cells alert the immune system and attack before it becomes a full cancer. >> heart disease is actually inflammation too. it's abnormal proteins that build up in the coronaries and if you see those proteins coming

or that chest rale coming, you can use this vaccine to target the body to attack those proteins before they build up in the coronaries. stuart: fascinating. >> same idea as with cancer. stuart: a new study and another one showing weight loss linked to earlier death in older adults. doctor, remember a couple of weeks ago talking about if i lose weight now at my age, will i die early. 2,000 people in the united states and look at a few and why are you losing weight and why is somebody over 65 losing weight? it may be something else going on.

maybe there's another cancer and stuart: i haven't seen many people in their 80s or 90s in 300, 400 pounds. i don't see people like that. >> you're right about that. if you're obese and older in 80s and may have diabetic and high blood pressure and heart disease and all comes together and makes me very uneasy and as your physician, there's a physician in that condition and there's a

lot of problems to work with. with you, no problem. stuart: c i'm back on the indict. good to see you. stuart: nearly 30% of parents are making financial sacrifices to support their adult children. even some draining their savings accounts. we'll talk about that. ♪

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stuart: the standout financial move today in bitcoin. not in stocks or bonds or

currency. it's bit coin and back up $30,000 per coin and ethereum getting close to 2 grand and up to $1200 at 1900. rally in crepe toes this morning and -- cryptos this morning and as for the stock market, not much going on and nasdaq down 60 and big inflation numbers coming and don't make two big moves in stocks before inflation reports. now this. social security full retirement age, 67. come on in, ashley. how do people feel about raising that age? ashley: they're not impressed apparently. in fact majority of americans are opposed to raising the retirement age for younger americans. a new poll conducted by the left leaning data for progress found that 65% of americans surveyed were against raising the retirement age for americans currently in their 20s. the survey also showed bipartisan support, 72% democrats, 59% of republicans believe it's unfair and

unrealistic to expect younger americans to work into their 70s. the poll also claims to show bipartisan support for hiking taxes on the wealthy to extend the solvency for social security and a proposal introduced by bernie sanders and elizabeth warren earlier this year. i told you it was a left leaning survey. stu. stuart: that's what's going to happen. raise taxes on the rich and don't raise the retirement age. let the rich pay, why not. some parents making really big financial sacrifices to help adult children. what are they doing, ash? ashley: essentially draining bank accounts and according to bank rate 51% younger and older

generations agree people should cover their own cell phone, credit card, and car insurance starting around 20 years old but people more likely to say it's okay to give financial help for those bills that basically command a higher sticker price like housing, health insurance and student loans and they're draining their bank account, stu. stuart: one more, ash and especially for you. i want to talk about ai bringing people back from the dead. how does that work? ashley: yeah, good question. talking about catching up with the friends and relatives they're boldly predicting a human being's consciousness could be up loaded onto dick emberd devices by the end of the year.

digital devices by the end of the year and start recording their parents, elders and loved ones saving videos, voice recordings, documents and photos of the person you wish to reimagine on your computer. these compiled assets apparently will be up loaded into ai system learning as much as it could about the deceased individual and the ultimate goal is for users to create an avenue star resembling their loved one before he or she passed. this person could in a sense live forever on your screen. interesting. with it worth of material. stuart: thanks very much indeed. stocks in the dow industrial and give you a sense of market and buying out there and that's three quarters of the dow 30 up and a quarter down and the dow itself up a quarter percentage

point. faa, federal aviation administration and warning about summer travel delays and workers and where's transportation secretary pete buttigieg. we'll deal with that next. ♪ 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

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♪ stuart: i news that was taylor swift and we're playing for if a reason. she's playing three soldout concerts in tampa this weekend and they've giving hear key to the city. that's tampa, florida. faa says prepare for travel delays this summer. they don't have enough air traffic controllers and jeff hoffmann with me this morning. jeff, what's the problem here? why don't they have enough staff?

i don't think he is hear me. let's try to get him back and open up the lines to him. pilots -- let's -- back to jeff hoffmann in a second. pilots at allegiant aligns are picketing today and based in nevada and they're picketing in las vegas. all right, ashley, get to you on this one. what are the pilots at allegiant asking for? ashley: i was going to stare at you and not answer just to make you panic again. no, listen. look, the pilots are demanding better wages and work roles and claim allegiant treats their pilots unfairly, which is forcing some to return to other airlines that pay better and the pilots claim the airline is intentionally delaying negotiations and allegiant said it's not true and offering competitive wages and minimum 35-cent per hour pay and makes them one of the highest pay and offering significant increase in

retirement benefits and done this before. these negotiations have been at an impasse and they pick choose days and it's the slowest travel days and allows more pilots to walk the picket lines. back to you. stuart: thank you, ashley. we have jeff hoffmann back and can hear and see him at the same time. jeff, syn why doesn't the faa he enough staff? >> since the pandemic people didn't go back to work and in the industry and jobs and they're posting jobs and takes so long to train people and to train people for a high stress job and high stress job that's more high stress when staff is short and having a hard time recruiting and people that come take a long time to train. we're just running behind in the entire system right now. stuart: transportation secretary pete buttigieg, what's he doing about it? >> i wish i knew and hearing more about it from him and this

number was shock to me, we're short about 8,000 pilots still across the system to get up to full capacity and something's got to give in transportation right now and i don't really see that leadership either. stuart: over the holiday period and last summer, delays and cancellations were extensive and the traveling public was putting out a joint and are we going to see something as bad as that again this summer? >> not as bad but unfortunately it'll be bad. we'll have delays because they cannot catch up with the atc shortage and pilot shortage in the summer months and almost summer now. plan ahead and plan for delays. we're not going to fix this problem for summer stuart: glad we're talking but i have another question, has executive travel, business travel, has it picked up yet? >> business travel has picked up

some but united is increasing and i was talking to them and they're increasing some capacity based on business travel and everybody is picking up till 2024. a lot of people are remote workers and doing zoom and that's back here. when it does come back, it won't come all the way back to pre-pandemic levels anyway. stuart: that's fascinating news and the airlines is the premium passenger. >> it's a little bad news for the leisure travelers and they'll likely raise prices and being profitable business travel. stuart: jeff, thank you for being here. much obliged to you. time for the tuesday trivia

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i say blew. >> go with number 3, blue. >> blue is the answer. i never seen a blue rose period. lots of roses in england, never seen a blue one. that is a not very good question. ashley, thank you. check the markets, the dow is up 100. the nasdaq is down 53 points. i wanted to tell you this, treasury secretary janet yellen she is just said she is, press conference at an imf meeting. she just said she does not expect a downturn in the economy. i don't know about a time frame there. she is not expecting a downturn. she will be meeting china officials at a debt meeting. that is coming up soon. bitcoin, the story of the day. it is back to $30,000 a coin. that is is it nor "varney & company" today. "coast to coast" starts right now. neil: all right, kids, cover your ears.