stuart: is there any doubt about this? umberto ii was the last king of which european country? ashley, you're first. >> unless it's trick question, it tallly, number one. >> go with the same thing, it daily. stuart: it could not be germany. germany has not had a king since kaiser in the first world war. i will say italy. reveal please. yes it as italy. he reined for 34 days in 1946. why you never heard of him. i'm sorry, you're gone. that's it for "varney & company" today. in 10 seconds we'll start a different show, that show is called "coast to coast." watching floor manager count me down, three, two, one. it starts now. ♪

neil: could this be the day it doesn't happen that we break conformity? normally he talks, stocks tank. talking about jerome powell, chairman of the federal reserve, anytime he opens his lips we normally see people selling in droves. that is very much the case when it comes to nasdaq and technology stocks. not so other stocks. the dow in and out of dead-even money here. but again that is usually the drill. you can safely bet when the federal reserve chairman gets before a microphone you better hide, sell what you have. maybe that could breakta. welcome, everybody, i'm neil cavuto. let's get the latest what the federal reserve chairman is saying that might cause more selling or stay where we are. former office of management budget chief economist under president trump. vance, so far, so relatively

okay. in other words he seems to be saying what we thought he would be saying. we did take a pause, that is the federal reserve on hiking interest rates but it doesn't mean that permanently will be the case. seemed to telegraph a couple more rate hikes as expected. your thoughts. >> neil, pleasure to be with you today and look, just i think here in austin, texas i'm at things are running pretty hot. the high will be 12. we're still seeing inflation 4%. over the 8% we were has year. this is compounding effects on wages. wages have not been able to keep up for 26 straight months. we need to do more to cut the balance sheet to get a handle on inflation. when you look at the financial begins, they seem very loose. no wonder not having the markets really cratering at this point. i think there is still a lot more the federal reserve, particularly jerome powell needs to do to get a handle on inflation. neil: maybe that is what the bond market is telling us,

steve. when i was charting this puppy looking over the last 52 weeks it got as low as 2 1/2%. if we could take a quick peek at rates, guys. got as low as 2 1/2%. we've been everywhere anywhere in between. recently a few weeks ago 3.16%. we've been all over the map. it is clearly a sign the markets, at least the bond markets is anticipating strong economic activity and maybe inflation that goes with that what do do you think. >> neil, thanks for having me. neil: thank you. >> the bond market is telling a very mixed message. two year rights had sharper rise in the time. you're discussing. went up full percent in the last month or so. with one of the other things the bond market is sending a big recession signal. the two-year note yield is a full percentage point above that 10-year note yield. that is a big inversion. that is usually one of the most

foolproof signals about a recession that could be forthcoming. it is important to keep in mind, general bond trading, bond traders take a glass half empty view of life. the best they can do is get back their principle and interest and hope nothing goes wrong where stock investors tend to be much more half glass full type approach. because stock traders tend to think what can go right and how much money i can make. they can diverge from time to time although over time the bond market tends to have the more sober view of thing. neil: if it is a sobering view, vance, it seems to tell us more rate hikes. i'm taking a leap here. i'm not saying that's a fact. how many more do you think will happen and will they be enough? in other words the fear is that the fed overdoes it, hikes rates too much. that was wisdom behind the pause reassess where things are. if they don't do that and just resume the hiking campaign let's say in july then what? >> neil, i think they will raise

hikes again in july. they took this one month pause to see what is happening in the marketplace with the bank failures and other things going on recently. the lag effect that you have on some of these markets because of their actions they have taken in the past, we had 10 hikes, right, in a row over the last year-and-a-half from zero to 5.25% now and i think they will have at least up to 6% at least what the federal reserve projections show at end of the year will be 6% for the target interest rate. i think it may need to go higher than that but, neil, another thing we need to focus on the fed's balance sheet down 6% year-over-year but still well above where it was before the pandemic. about double where it was before the pandemic. money supply, m2 is down 5% year-over-year. these are pretty historic amounts of declines. the problem we had such a huge increase during the pandemic and thereafter you have really got to start to drain that liquidity, that money out of the economy and unfortunately i see a hard landing in the second half of the year with higher

unemployment rate, many people losing their jobs up fortunately in the process because of these government failures that happened over the last couple years. neil: i'm not one to necessarily go rah-rah for government how it has been doing but looking at the market, steve, they certainly climbed a wall of worry over this. the administration is crowing about the steady job gains, inflation still a is half what it was a year ago, they refer to the retail sales. we're seeing it impact restaurants, theaters, you know the drill, that will be a sign all the recession fears out there are misplaced what do you think of that? >> well, when people have jobs they tend to spend money. you know they reward themselves and they should. if you have been working hard you can entitle yourself to whether it's a vacation or night out, voice rid to a restaurant, whatever it is that's a good thing. we certainly don't want to see you know people not enjoying the fruits of their labor or being able to have jobs. going forward though you know,

the comments about the balance sheet are very well-taken because you know powell is pretty resolute in his comments t doesn't come up as much as the rate hike stuff but he was pretty resolute that the fed would need to shrink their balance sheet and it is not a coincidence at all this recent rally started a couple weeks after the fed increased their balance sheet by $300 billion because of the result of the banking crisis. i'm not saying they shouldn't have done that they are the bank, they are the bank of last resort so to speak and they needed to do it but money finds the lowest level so if you put $300 billion on the fed balance sheet in the form of lending to different banks that needed it that money is going to flow other places and that i think is a big facet in what we've seen in terms of the stock market rally over the past few weeks. neil: we'll keep watching it because that rally is still on we're told so we'll see if it lasts and they can defy expectations that powell could put a damper on it.

steve vance, thank you both very much. another big story we're following. this came out of nowhere. the federal trade commission for example, is suing amazon for enrolling customers in its prime program without them even knowing it t get as little sticky. it gets probably very expensive. kelly o'grady following it all from los angeles. >> reporter: great to see you, neil and this suit is significant because it is the first time the ftc is suing amazon under current chair lina khan. for some context the suit claims amazon uses dark patterns and illegally coercing users to sign up to the prime service for 139 bucks a year. they're claiming the company makes it really difficult to the cancel the subscription. on news the that amazon tripped and trapped people into reoccurring subscriptions without their consent not only frustrating users but costing them significant money. these manipulative tactics harm

consumers and law-abiding businesses alike. the stock is down roughly a percent on the news. i read into the full complaint. it is heavily redacted but it shares that amazon executives were aware of consumers being enrolled without their consent. they took no action to fix it until they knew about the investigation by the ftc. we reached out to amazon. we have not heard back. the suit is representative of larger crack down on big tech we're seeing. neil: thank you, kelly. keep us posted that could be a big story. they make a lot of moolah whether the customers were signed up unbeknownst to them or not. in "the atlantic new assets are being deployed on scene for this missing titanic submarine search. the canadians were first to pick up what they said were some under water noises. we don't know much more than that molly line following it all closely in button. molly what are you hearing. >> reporter: we're just getting new information.

the u.s. coast guard are tweeting they are honored to the host the british consul general here in knew egg e england. the international support is vital to rescue operation buildings they're tweeting. canadian p-3 aircraft, what you talk about the apparatus detected underwater noises in the search area. so far deeming the origin has yielded negative results the coast guard put it. navy experts are analyzing the data. rov remote vehicle is in the search spot. they have not clarified much about the sounds. we don't know if it is tapping or a pinging sound. per the u.s. coast guard a multitude of vessels are involved. they released a picture, first picture from the research area. bahamian research equipped with one of those r 0 vs. three more vessels arriving this

morning including the john cabot. that has side scan being sonar possibilities. over 10,000 square miles have been searched schuss far. that search continues. port of st. john's in newfoundland, canned today, polar prince departed carrying the titan sub has been a major hub getting assets out to sea. the canadian coast guard vessels have been spot the leaving port. per our crew on site, a massive vessel arctic horizon left for the search area carrying gear flown into the area. huge cargo plane, c-17 pulling everything together expertise what they might need for a deepwater rescue including calling help from the u.s. navy. one man missing from the sub, adventurer, hamish harding, close friend of his, terry burke, a retired nasa astronaut, they said harding is uniquely

able to handle this situation. >> hahm mesh is explorer. we did a orbit set a record flying around the earth in a sweat. he went through pretty iffy times on that mission. i know he is able to handle himself well on this mission and help keep the crew calm. >> reporter: that interview well, neil. based on estimates thus far provided by the makers of the sub the five people on board could run out of life-support as early as tomorrow. we're waiting for that 1:00 p.m. update from the u.s. coast guard. neil. neil: good coverage, molly. thank you for that. i was eager to get this gentleman sub because he has been actually been in the very sub we're talking about here. a writer for the sim zones, a producer, i -- "the simpsons." got a chance last year. mike ries. >> it was 11 months ago, not even a year ago. neil: why did you do it in the first part?

>> my wife made me. neil: enough said. you don't have to say anything else. >> my wife loves to travel and i love my wife and if we want to take a vacation together it has got to be at the north pole or north korea or the titanic. neil: two miles under the atlantic ocean. so what was it like? you were in the very vest el we're talking about now. so explain the conditions. >> yes. it's, the interior of the sub is about the same size as a minivan. you have to picture just tearing all the seats out after van. there is no furniture there. just a nice piece of carpeting. neil: where do you sit? there are seats? >> there is no seats. the walls are curved steel. you just sit on the floor with your feet stretch the out. it is actually very comfortable. i keep hearing it is cramped. neil: only one large round window to see out of?

>> this window, literally the size of the window on your washing machine. neil: is that right? obviously would take turns if it was fully populated, five individuals at a maximum can fit. >> right. there are five people. neil: how many when you went down? >> it is always five. it is three passengers, the pilot and then a scientist. you know, this is a serious mission. there is always research being done and the scientist works for the company and is trained and knows how to do everything too. neil: how close did you get to the wreckage of the titanic itself? >> i got, i don't know the distance. 50 feet, 100 feet away. neil: pretty close. >> crystal clear. and it just, it looked just like itself. it looked the way it does in the movies. neil: the reason why i ask, mike, i was intrigued some of possibilities noting out there now, what happened to this vessel could it have gotten caught on something from the wreckage. is that even possible? >> i really don't think so. of all the things that could

have happened. in the most perfect mission if they have their full three hours, you only have three hours on the ocean floor and then you've got to resurface. it has nothing to do with oxygen. it is just, you have to get back by daylight so your ship can find you, take you aboard. neil: sure. does it compensate how cold it is at the depth? >> detail everyone loves about this story is that i got in the submarine. it's exciting. i knew it could end tragically. i kissed my wife good-bye and knew -- neil: she didn't even go with you? >> no. isn't that the ultimate wife trick. neil: wait a minute. honey, we got to do this. >> we got to do it. neil: ready to get in the sub and she waves to you? >> we're there. i'm doing it for her. it's her birthday. and then they give us covid tests right before we get in the sub. neil: right. >> she tested positive. mike, you can still go.

i said i don't want to go. neil: you made it. one thing, mike, i think you shared this with the bbc. obviously they have a waiver, i think you mentioned in the waiver is the word death three times on the first page. >> three times. it is just, the document -- neil: did that gave you pause at that point? you. >> don't need that waiver to know this is really dangerous. this is, you know, i trust this company. i trust stockton rush who is on the sub right now. neil: he is down there now. do they tell you as well, i mean obviously you signed this waiver, do they tell you some of the things that could go wrong? what do they say? >> they're all there in the waiver. you might step, on top of water coming in, breaching the thing, oxygen, they talk about noxious gases could be released. you might step on a live wire. you have to take sort of a working vessel -- neil: how stable did it seem to

you? that comes up now, not as sophisticated as we thought. >> it is not sophisticated, its chief asset. it is just a tube, just the tube that sinks. people have been remarking that you you control it with an xbox game controller. neil: who is controlling it. >> there is a pilot. it is simple enough. neil: not a remote pilot? >> he is on board. neil: he is on board. >> he is on board i got to steer the thing for a little while. it is that simple. the simplicity what makes great. neil: but is that risky? you're well-known writer, producer of "the simpsons." i don't know if i give you controls of sophisticated piece of equipment. >> i'm surprised rental car companies let me drive off the lot. neil: i know no one really knows what do you think happened here? >> i don't know. i have a guess. neil: yeah. >> which was just, the tricky evident

iest part of the whole process, you sink like a stone, it is that simple. neil: wow. >> the point i was making you go down for 2 1/2 hours, it is dark, it is quiet. and i fell asleep. neil: when you are down where the wreckage is, must be getting sick of all these type of questions, mike, when you get down how can you see the wreckage? are there lights on the submersible to look at it? >> yes. it is ringed with lights on all sides, very powerful lights and you know it is as dark as can be down there. in fact in our case we landed 500 meters from the titanic and we didn't know in which direction. we spent at least two hours just groping on the ocean floor. neil: did it jostle, move around a lot in the currents? >> extremely stable, extremely stable. that's it. i have so much faith in this submarine, it is so well-built.

in fact i can say i went from the ocean surface 2 1/2 miles down all the way back up and i didn't feel it in my ears at all. i didn't -- neil: would you ever do it again? >> if they get back safely, yes i would do it again. my wife never got her chance to go. neil: she might not be too eager now. >> that's it. if they get back, if they don't, no, i think, people would think i'm a fool to do it. neil: it's fascinating story, mike. thank you very much. you're one of the few who could at least say i've been there, i know what it is like. mike ries, former titan passengerrer, "the simpsons" writer producer. they gave him controls of that puppy. take that as you will. we'll have more after this dad, we got this.

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neil: all right, what is some chinese players are already in cuba as we speak? the latest intelligence has it that some zte and huawei workers have been tracked at suspected chinese spy sites in cuba. i mean that it's happening right now. gordon chang is with us right now, china expert. he warned of this day coming. it looks like it could already be here, gordon, what do you think? >> yes. well there is open source reporting that chinese listening

facilities have been in cuba for or virtually all of this century. it is not just the lourdes facility the soviets maintained during the cold war. there are also two others. they have been there i don't know in a sense why people are saying well you know there is going to be a new facility because there are existing facilities. neil: we have the backdrop of this the administration has been coy on how we'll ultimately respond to this if it does at all but we know the president got in a heap of trouble saying xi xinping at least in his view, given the balloon incident and everything else is a dictator. chinese not happy with that. what do you make of it? >> the communist party is always sensitive but now it is hypersensitive and if the beijing party state didn't say anything nobody would have noticed. what they're doing, they're looking for a fight. they wanted to create a controversy and now they got

one. they believe xi xinping has been insulted. they will try to exact some sort punishment on the united states. this fifths into their narrative. we have got to be extremely concerned what happens next. neil: gordon, thank you, apologize for the truncateed time here. i want to go to chad pergram on capitol hill. there is a move to adam schiff, maybe second, recent time to be censored. it doesn't end there. what is going on, chad? >> reporter: good afternoon, neil, republicans want to sanction schiff for his role in the russian probe. they tried to censure him last week. but some gop members balked at 16 million-dollar fine for schiff. >> we removed the 16 million-dollar fine. as opposed to yesterday we anticipate we will get the full support of the republican conference. i don't think anyone is going to be voting no. >> reporter: republicans want to penalize schiff. they say he craft ad false narrative about the russia probe.

20 republicans joined democrats to block last week's exercise. gop pennsylvania representative brian fitzpatrick voted last week but he supports censure this week. >> i'm going to vote to al allow it to proceed. i think pretty much everyone will. i'm not aware of anyone who will not be. we haven't checked with everybody. the constitutional concern with the 27th amendment, constitutional consistency is very important for a lot of us. that is why we voted the way we did. that has been fixed. >> reporter: if the gop gets its way adam schiff will become only the 26th house member ever censured. there is no love lost between schiff and house speaker kevin mccarthy. >> to be admonished by kevin mccarthy and the like of him is an honor. these are the authors of the big lie who attacked me for telling the truth and i'm proud to stand up to them and proud to defend our democracy. >> reporter: if the house votes in favor of censure adam schiff must stand before mccarthy in

the house chamber and face a verbal rebuke. neil? neil: chad, thank you for that. before we go to break, i want to pass along a item that got into the newsroom. the agriculture department as expected gone ahead approved what is essentially lab-grown meat. this would be used as nation's restaurants, eventually supermarket shelves. what it is initial sale will include chicken made from animal cells allowing two california companies market what they will call lab-grown meat but it is not natural chicken meat. it is coming from their cells. apparently all the rage. tastes just like chicken. we'll have mor i e after this e. one of the things that my mother told me when she was in the hospital, she didn't tell me, actually, she couldn't speak at the time, but she wrote it down... "go see alicia." oh, my goodness. you know, and there was never a time that you were too busy.

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shops it happens again and again. sometimes they take matters into their own hands as ramsey, owns a san francisco market busy raising money after two break-ins, i believe in one weekend. ramsey joins us now. how are things going? >> things are going all right. all things considered. i mean thankfully nobody on our teach got hurt and we were able to get the windows replaced at the store in record time. so, you know, we're staying positive. we've had a couple of days since those break-ins where neighbors have just continued coming into the shop and showering us with positivity so it is like a -- neil: twice in a weekend. explain what happened. >> i don't know, i don't know how that can happen. obviously drugs were involved and so it is hard to, you know,

assign logic to a person that is suffering with drug addiction but essentially this guy, he is kind of a known entity in the neighborhood. we see him walking around. he has even been in the shop before and purchased things without stealing anything, so he broke in on friday morning. he took a brick off of one of the construction sites and smashed it into the window. took a couple bottles and then ran off. you know, when you suffer this sort of thing, you kind of play this game of statistics in your mind where you just tell yourself, okay, it is not going to happen again, right? it is already happened. we'll put it behind us and so i wasn't really looking to do a fund-raiser. i was hoping to just rely on increased business levels and you know basically our neighborhood because they have been so supportive. neil: it is a beautiful neighborhood. looks like a nice part of the

neighborhood. nothing new that is happening there. what is going on in san francisco? >> well, you know, it's not necessarily limited to san francisco. i think it is really any -- neil: that's true. >> any metropolitan area and there is some assumed risk regardless of you know, the crime wave that might be happening. there is always an assumed risk when you open a business in a city. so i was aware of that. that's why we had a little rainy day fund but we were actually broken into when we first opened like eight months ago that was a pretty significant loss. different, different person, different set of people involved. then friday happened and after friday i kind of ran out of money in my rainy day fund. i tapped out. when saturday occurred, the same guy, he is familiar with the neighborhood, he is comfortable with our neighborhood, he

smashed into our bigger window, not as many obstructions, easier to get inside, but to your point it's great neighborhood. my neighbor who lives right next door came running down when he heard the crash or stopped the guy, at very least scared the guy off who went running off to the park. very good. neil: you have a lot of fans in the neighborhood, beyond, ramzi keep track of it love to have you back to see how the process keeps going. >> thank you. neil: you have a lot of people hoping for the best who want to make sure that market of yours is open, stays open. >> it has been open 100 years. hopefully another 100 years. neil: good for you. you don't look that old either. that's great. i'm kidding. thank you very much. this will work out, i have a feeling. want to take you to a development across the ocean right now, what is going on in paris. a gas explosion there, it set multiple buildings on fire. it started with the facade of one in northern paris. collapsing and that fell on top of other buildings in the area.

hard to get a good view of it here. the fact of the matter we don't have any reports of injuries or worse. we're keeping on top of this. stay with us.

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♪. >> you're watching cavuto coast to coast. i'm mark meredith in washington. former president trump continues to downplay the competition he is facing in the republican primary but some of his challengers are making headway according to one of latest polls. cnn has a sure jay likely republican voters, trump has 41% today, that is a six point drop from a month ago. florida governor ron desantis in second with 26% support. former vice president mike pence up slightly at 9%. trump continues to focus most of his criticism on governor desantis. he is accused him of being disloyal because he is now running against him. trump doubled down on the same claims when speaking with fox's bret baier. >> i got the guy elected.

he came to see me. let's say weeping, because he was dead. he was getting out of the race. he was looking for jobs already, probably law firms, where he was going to look. weighs totally dead. he ran a horrible campaign. >> reporter: the desantis campaign is firing back on twitter at least. they put together a video showcasing multiple times that trump complimented desantis as a strong leader. most of the gop field including south carolina senator tim scott voicing widespread outrage over the justice department's deal with hunter biden. meaning likely no jail time for the first son. senator scott says if he is elected he would work to overhaul the entire department of justice. >> we're going to fire joe biden [cheering] and then we're going to fire merrick garland. [cheering] and fire christopher wray. [cheering] and we're going to restore, we're going to restore

confidence, integrity, in our department of justice. >> reporter: we have certainly seen republicans be critical of the justice department in the past. they have also been critical of this u.s. attorney but neil, a lot of critics also pointing out david weiss the attorney there in delaware was appointed by trump to his position. neil? neil: he was. good point. mark, thank you for that. mark meredith. meantime for these republican candidates the search is on to get the latino vote going their way. obviously francis suarez comes to mind. the miami mayor says that is in his hip pocket but other candidates are making inroads there. happen to have lily valetaa culture intel ceo. lily, great to see you. curious what you make how this vote as shifted just over the last decade. >> yeah. neil: if you think about it, ron desantis got close to 60% of that vote in florida in his re-election. donald trump did very well wit as well in the last election. what is going on here?

>> well, first of all it is a cohort that every one needs to pay attention to. it has been growing the fastest for the last two decades, contributing to more than 60% of the growth of the electorate, the american electorate. so what we hear about this shiftinging affinity both sidese up for grabs that they have to work very hard to earn the hispanic vote. 5% of hispanics voted democrat. a decline from 63% biden got. republicans got 39%. midterms nationally. neil: okay. >> what we're seeing that is up for grabs. nobody can take us for granted. seeing wit julie chavez on democratic side. granddaughter of caesar chavez, has been appointed campaign for biden rerun. on republican side, sure enough frances suarez is leveraging he

is bilingual, lives in miami,0% hispanic. everything he is doing is bilingual. everything, even his speech was in english and spanish. why? because we are 34.5 million voters up for grabs. neil: in florida, for example, there is one group of latinos, if you talk about cuban-americans. >> yes. neil: who tend to be conservative or vote republican, not universally. less so for other sects of that vote. what is going on? >> exactly. well country of origin does matter and more than 70% of all hispanics are mexican-americans. what you see in south florida it is not the norm. it is a good guidepost for how you go about winning this cohort but it is not a national blueprint because you have to know how to win young, hispanic, primary mexican-american voters in key states. neil: what about border issues keep coming up.

are some offended by it, galvanized it, what? >> unfortunately the rhetoric around immigration does have a bit of a cloud over what the republican party could offer in it is narrative. instead of what the economics or the focus on school choice or health care which are the things that really all-americans care about. the fact that immigration continues to be a broken issue no matter how you look at it, whether border security, daca, immigration reform, more work visas, more student visas, it is just an item, yes, matters a lot to husband his pain ex. i'm a product of the broken immigration system. it was very hard for me to become a citizen even though i went to school here. those are things that need to be fixed. they have to show note just rhetoric but action. you cannot ignore america's fastest growing electorate. neil: you need money as well. >> absolutely.

neil: lili gil valetta. follow this is closely. you are in tense sass. >> i am. neil: it is 150 degrees in dallas. >> it is 120 something degrees. happy to be back. it is just a quick hop back to new york city. i'm happy to see you, neil. neil: a little cooler. >> just a bit. neil: brian brenberg with what is coming up next on his fine show, sir? brian: neil, former president trump pledging to return to his america first economy if elected. our own larry kudlow is here to respond. proud being made in the usa we're live at the country's oldest brewery, and country star john rich joins us but first more "coast to coast" after this ♪. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this.

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neil: did they tell you some of the things that could go wrong what do they say? >> they're all there in the waiver. you might step on, on top of water coming breaching the thing, oxygen, they talk about noxious gases can be released or you might step on a live wire. you know you have to take sort of a working vessel -- neil: how stable did it seem to you? that has come up now whether it is not as sophisticated as we thought? >> it is not sophisticated and

that is its chief asset. it is just a tune, just the tube that sinks. neil: right. you heard from mike riess a little earlier who traveled in this very same submersible that has been missing all these days. i want to go right now to a retired u.s. navy knows the whole thing about diving what to look for, maybe what to track. bob, it is great having you. a, what do you think is going on with these reports of noises or some, first they were saying they were pings or something that's coming from the ocean floor or close to it but what do you make of it? >> so potentially those could be taps. the crew, if there's surviving crew, they could be tapping the side of the vessel and passive sonar would pick up those taps and if they were tapping with frequency every 30 minutes, for example, that would be a sign of life as opposed to some random noise. there are very smart people

aboard the submarine, if they're tapping, i would imagine they're tapping morse code to some extent to more fully communicate and demonstrate proof of life. neil: when you go on these diving missions, of course it's impossible for any human being to go down to these depths without being in something that can handle these depths a submarine, so our options are few and far between, what do you think? >> there is not a, the only vessel that can deliver a human being do that depth is a submarine. not just any submarine. a very specific piece of equipment that can withstand the greatest pressures the ocean has to offer. so it's challenging undertaking just given the depth. the depth makes this a very complex diving operation. and then duration of the dive, how long will the, will the life-support system last? how long is it designed for?

in this case i understand four days or five days. probably over two hours of time is decent to the wreck site. probably over two hours of time is ascent back to the surface. so there is a lot of complexity in this operation overall. neil: you know, a lot has been made of this growing armada of ships and vessels that are trying to help out in the search. i wonder what you make of that? we're getting reports of a british vessel that was blocked from joining this rescue. the coast guard is denying that's what happened but some here have expressed concern that it can be overdone. you could be tripping over yourself with those who are there to help and have all the right intentions but what do you think? >> well, again it is complex to go to that depth, 12,500 feet. a deep drone or the navy operate as system called curve 21 which recently recovered an aircraft,

helicopter in 2021 from 19,000 feet of water off of japan. so there is a system that can search, locate, identify and ultimately facilitate a recovery and i think a variety of those systems, the navy is not the only entity that owns and operates that system. and so it would appear three or four other operators, commercial operators or other government operators are arriving on scene which i think is a good thing. so all hands on deck so to speak. the clock is ticking here, if the vessel is in a survivable condition recovering it to the surface is going to be complex and time-consuming. neil: to put it mildly, thank you very much for your input on this bob. we'll watch it closely. we'll watch corner of wall and broad what is happening with the markets here. this might be a big test of the he speaks, people sell anthem that has been that of jerome powell. he is speaking right now and some people are selling. after this.

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statue, i guess. kelly o'grady with more in l.a. what happened here, cel arely? [laughter] >> reporter: well, i love when we have adele news to get us through wednesday, hump day. neil: amen. >> reporter: looks like we can add negotiate to adele's many, many talents. she bought sylvester stallone's beverly hills mansion, $58 million. she was willing -- wasn't willing to walk away without one key item. so he's known, of course, for his iconic role in the rocky franchise, and he has this rocky statue that overlooks his pool. you can see it right there. he planned on taking it with him. a stallone told "wall street journal" adele said, no, that's going to blow the whole deal, and she was just going to walk away. she drove a hard bargain, he finally related -- relented. now she's making renovations but, admittedly, she's working with something good to the start with. cigar room with custom bar, a spa, an art studio, but for

adele that statue was the deal-breaker. i'm thinking this could be our in. i'm in l.a., i say, what a coincidence, my friend neil and i, we love rocky,, maybe we get the the house warming party invade? what do you think? neil:@not happening. she would love you -- [laughter] not that other guy. kelly, that is wild. and, by the way, for people at home wondering which statue it was, it's not the one in philadelphia. that one is still there. they haven't taken that yet. but this is a great story. i want to go to brian brenberg because brian also was curious to find out how that phone call went. brian, best i can tell you adele called him up. he said, hello? [laughter] she said, hello. and a deal was secured. guys, i've been thinking this up the entire hour. brian: is this what i signed up for today? i wonder, neil, if you had an adele statue in your home because, you know -- neil: careful, this is family show here. brian: well, we'll try t