united states, china? go first. ashley: russia i would think because it is an enormous country. i will go number 2, russia. lauren: what is your guess? lauren: let's do the unexpected. let's go with france. stuart: nice try. i am convinced it is russia. show us the right answer. what? france. what? what? don't be so smart. at some point of the year they have 13 time zones because of the number of territories they govern. the us and russia are tied for second with 11 time zones. ashley: trick question. stuart: i thought it was russia flat out, hands down. see you next. varney and company is done. coast-to-coast is next.

neil: waiting for trump versus new york, worried about rising prices, investors taking a hot wholesale inflation reporting stride but still seeing stocks slide, when you have a 10 year, 3.3%. a lot of borrowing for americans sending mortgage rates rocketing with it. to the stock exchange, dave woods has the idea. how are you doing? >> reporter: good to see you. how are you? neil: let's talk about the wholesale inflation report. we need to put that in perspective. we have data including housing activity and in general retail sales looking soft of late and that is the battle royal for the markets right now. >> reporter: the inflationary data is fast and furious and i

am surprised, to see the s&p up a point or two at all-time closing highs and we end here was extremely surprising, the data we got this week is telling the fed to stand back, you don't have to do anything. the cpi and the ppi are on a lower trajectory but beat expectations and we don't like that. if we are going to talk about the fed cutting rates, no reason to at this point and it is almost 0% chance. we are going to talk about it in june. let's see what the pce brings us and jobless numbers, see if unemployment numbers to cut. that will be the thing that gets the recessionary talkback on the table. right now it is not. stuart: i think you are right about that. personal consumption expenditures is a favorite of the federal reserve. it's looking a lot at that data particularly the core when you look at food and energy and all that stuff so they seem

concerned the job isn't done. that put off the talk of rate cuts. some saver the whole year. do you agree with that? >> reporter: quite possible. that's scary to think about. some people, we talked 3 or 4 but as you get closer to that election cycle, there will be a new narrative in player. why are we cutting if we don't have do, things are stabilizing, people talk about the soft landing don't know if we will get the soft landing. it's getting bumpier but right now there's no reason for them to cut and if it continues the way we are going why do we need to do it unless something goes wrong and you don't want cuts. let's take it as jay powell says, when data point at a time and see if the narrative changes. it doesn't look like we will get anything until june.

lauren: 1 is wrong with that but cutting rates will be responding to a slowing economy so that could concern people the fed sees something we don't. it might be a vote of confidence, what are you on this? >> not many people share that, we stay where we are and i just it. inflation stays at these levels. that would be nice but the pce inflation gauge engage things on. if we stay higher for longer it sounds horrible but that means they nailed it and since when do they nailed it, usually they are behind the curve on these things. if they cut it was them anticipating they were on the right path and they could begin to cut. the jobless claims, that

spikes, maybe we see a cut but inflationary data we've seen in the last 6 weeks no indication they are in any rush to cut anytime soon. neil: what makes you great, you speak english. it's a weird concept for people who walk around the floor where you are. no insult to them but i appreciate that and so do our viewers. >> reporter: they can be a little different but i am joking about my friends down here. it is an amazing moment we have been on. can't believe 15 of 16 weeks closing about 5026 which we haven't done that ever. it was 13 of 50 weeks. 1972. this is one for the record books. doesn't feel like anything but the road we've been on his epic. watch the video next week. that something to watch as well.

neil: thank you very much. eric sean is with us. donald trump's civil fraud trial verdict, attorney general in new york want to slap a $70 million fine. the thing here is donald trump would no longer be able to do business in new york. up a lot of people watching this closely regardless how they feel about the former president think that is a bridge too far. regardless, eric sean with the latest. >> reporter: it could crumple, cripple the trump organization, not crumple, new york state supreme court judge is expected to rule any moment after finding the former president and his namesake company committed widespread fraud, inflating real estate values to get better terms on their bank loans. new york city attorney general leticia james seeking $370 million.

the charges include conspiracy, issuing false financial statements, falsifying business records and insurance fraud all showing donald trump, value by billions of dollars. values on real estate holdings, including mar-a-lago in trump tower, the state of westchester, alleged to deceive insurance companies. james is seeking to bar trump from doing business in new york state. donald, junior, and eric for five years. the former president angrily called the plan case a witchhunt saying there were no victims, they did not complain, he relied all of his information relied on for accounts and lawyers. the judge found the former president and companies did deceive those banks by massively overvaluing their

properties and trump's network, he will trump lives in, quote, a fantasy world. he ruled the trump should be stripped of his company and a receiver appointed to handle the dissolution of his buildings. the former president vowed to appeal. it will come on top of the defamation decision where the jury ordered the former president to pay $83 million in damages. we are told the ruling will be a lengthy and posted on the court website. keeping an eye on that, we are waiting. neil: just to be clear, judge arthur is going to make the decision. this is a civil matter but a pricey civil matter. there is the damage leticia james has set.

depending, for the testimony of experts. he believes they falsely inflated its values. as the former president pointed out, no one complained. the banks made money. everyone was happy. neil: want to get the latest on the significance of this. the former president wanted to attend and did personally more than any of these other matters that have come up. and and whether it's going to get to the money that 375 million. no one was punished or hurt by this.

seems odd to me. is this a bridge too far? what are the grounds of appeal in a matter like this for the former president. >> reporter: that's one of the peculiarities of this case, a fraud case like this, a victim who comes forward and says what the defendant did, deprived me of my money and lost this money, didn't have any of that in this case. in full disclosure it's not something the attorney general needed to approve to make the case under new york law but you would think it would be relevant when the judge is making his decision what sort of punishment to impose on the trump organization that they forfeit hundreds of millions of dollars, will he be barred from doing business in new york. the banks came forward and said we are victims here, that might play into the thinking in the judge's mind when he decides

what the appropriate verdict is. neil: let me get your take on this. a lot of people said this was a case precedent here and is being tested in new york area business men and women, regardless how they feel about the former president, what do you make of that? >> i think you are right. a lot of people are refreshing there iphone news apps, trying to see what the judge's decision is. if i am a betting man i bet he will tee off on the ex-president. they have been adverse, they have been angry at each other. trump has disobeyed, in his mind, in the judge's mind, his orders repeatedly.

my bet, 100-$150 million. i bet you he does bars him, at least in part, from certain business in new york city. neil: back to you on that, what are donald trump's options? >> his main option is to take the decision upon appeal and challenge it before the new york appellate decision in court of appeals, the state's highest court. he always knew going in this trial didn't go well for the former president, the judge made no secret of his thinking on what the former president did, the least best-kept secret in new york is this judge was preparing to drop the hammer on the trump organization. the battlefield has always been the court of appeal. there will be a panel of judges that will review whatever the trial judge decides, take a look at this. they will apply a blank state

standard of review and make sure the judge a properly applied the law and reversed the judgment entirely or at a minimum might quantify the sanction, say 300 million or whatever the judge imposes is too much, does barring him from business too much. they might sanction a little bit to make it less harmful. neil: i want your take on the case we are following and concerns, the georgia case where fans are but i will us was to appear on the witness stand to explain the relationship for the lead prosecutor in the case. steve harrigan has more from atlanta. >> reporter: no fani willis, the court got her father, john floyd, who came to try to give the timeline of when the relationship began, making way to -- to ask about when he met nathan wade.

>> did you meet mr. wade in 2019? >> absolutely not. >> if you see mr. wade at miss willis's fulton county house in 2021? >> never. >> reporter: the timeline is key. both sides trying to establish whether or not the relationship began before or after nathan wade was hired. their finances under scrutiny. wade said when they traveled together, willis reimbursed him with cash, something the judge has to by if he fails to deliver a disqualification verdict, something he said is a real possibility. neil: back to guy lewis, let's say the judge rules fans about i willis had some obvious conflicts here but wants the case to continue. can it continue.

>> certainly, at the very least, trump wins a huge victory if that occurs. the prosecutor is being prosecuted, the prosecutor's affair. whether they are telling the truth. i've never seen anything like it. tom would agree with me. this is a prosecutor's worst nightmare. neil: would it mean in your view the case would have to be trapped and they start from scratch if it came to that? >> i agree this is a prosecutor's worst nightmare, the prosecutor sitting in the

witness chair answering these questions, and extra ordinarily personal nature is just stunning. of the judge disqualifies, i agree has to go back to square one. they have to bring in a new prosecutor and a whole new prosecution team. not confident the judge will throw the case out, don't think he's prepared to go that far. what i could see him doing is disqualifying willis, disqualifying wade and get new leadership in at the helm of this prosecution. and and integrity and legitimacy is unquestioned, i don't have confidence willis wade will continue to do the job. neil: separate case where the judge said we are looking into that to start jury selection

and is concerned a lot of the payment, hush money payments, learning a good deal about that but that is part of the multiple cases the former president's casing and they are beginning to do that. that is a bit of a problem. i was noticing as these fine gentlemen, 10 year over 40%. don't know if you had a chance to look at bitcoin, $52,000. we report, some of you, you might want to ride after this. ♪ ♪ (vo) what does it mean to be rich? maybe rich is less about reaching a magic number...

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>> we hear from president biden to talk about the death of alexei navalny, the fierce prudent opponent who died out of nowhere. outside his prison cell, he was laughing and joking from

yesterday. he is dead now. one of the things, how did this happen as they get ready for a big conference, not only the ukraine war, russia stands, vladimir putin stands in it. a lot going on. republican congresswoman on the house judiciary committee, what do you think of the timing of this that a young man doesn't die like that? >> definitely looks very suspicious but not surprising. surprising how quickly they made release about his death, very suspicious right before russian elections and one of the few people left, one of the few people left that passed a lot of influence in russia.

we are disappointed, not taking prudent seriously for a long time and let him get away with so much. we have a lot of problems with russia and never dealt with that seriously. now the consequence of this is very problematic. neil: does it bother you that donald trump seems to really like vladimir putin? a great leader that outsmarted nato, that seems weird. victoria:donald trump has a unique way of dealing with leaders but the track record if you think about it, you've seen some recent interview, you can see, in the united states, telling you can defend yourself as much as you want, striking capable it is, he was clear about that. it was under president bush manatt what happened to him.

when he entered ukraine under president obama, crimea, took east of ukraine, donald trump was the only one giving lethal weapons and tried to put pressure on nato strengthening nato, the us dependence on russian gas for germany. neil: i get what you are saying good. might be well and good but donald trump said crimea does have a long-term connection back to russia seemingly endorsing what vladimir putin is defending. he becomes president again does that relationship bother you, they seem to be great chums. that might be all well and good. post sudden death. victoria:donald trump said not

on my watch and vladimir putin didn't move. for president biden, he was very weak on deterrent and i have frustration what's happening with this administration, donald trump does or doesn't matter. a lot of conversations and political campaign, care about actions. he knows who has strength and who knows he does. taking advantage of that. very bothered where we are right now. neil: you've been a big defender of ukraine and donald trump criticized nato, they are not carrying or doing their fair share. a lot of nato leaders, worried ukrainian president zelenskyy. if this guy gets back in office do i have to worry? nato leaders saying do we need to worry the us will give up on nato, what do you say? victoria:they have to worry how they are dealing with russia.

i'm traveling to munich this weekend and a message to a lot of european alliances and a lot of colleagues will. they need to step up and that was the message donald trump did send it to them, dealing with this issue as an alliance, not the united states is going to bail you out and problems that are closer to you. i hope european leaders, doing talks and meetings, not going to deter russia. we have a serious situation in ukraine, the middle east, africa is in trouble and asia too. russia and china and the west and the united states. neil: there was no stronger

supporter for ukraine given your background and you are okay with all that has transpired since. victoria:i understand the importance of our strategic interests. i understand if ukraine loses the war the implication for the united states will be significant. this was pushed to give up nuclear weapons, we are looking pretty bad on the world stage. they understand the importance but you need strategy with actions when dealing with aggressives like putin and that's the frustration in the west, need to get bad, better. neil: how do we know what donald trump would have done it vladimir putin invaded crimea under his presidency? victoria:he said not under my watch. there was always, he was unpredictable.

prudent said biden is predictably bad but loved his predictability when we had been so weak and afraid, people afraid to deal with him really in a stronger action. i think he knows it. that is why donald trump and his foreign policy a lot of deterrence for putin and iran and others so i don't agree with all of the things but in foreign policy he has done a lot of good things and i think no one knows how he would act in a lot of circumstances and that's why dictators are afraid of him. neil: we shall see. thank you, appreciate it. >> thank you for having me. neil: jeff bezos unloading billions of dollars in the last couple weeks, $4 billion, then it hit me i can and will on my head, he's a florida resident.

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neil: no sooner did jeff bezos, one of the richest human beings, nancy was selling stock, than he realized it parallels his move to florida. to put that in perspective, florida has no state tax on income. if you are selling millions of dollars of stock over the course of the month to jeff baeza's's $6 billion of stock, look at the map and the reason why. in washington state where they

move from, 7% tax on such matters as the capital gains tax there is 0 in florida. what does gary car bomb -- --kaltbaum make of that? >> one of my mantras, people, business and capital will flock when treated best and washington institutes of 7% capital gains on top of federal, 400 million, 500 million i can save. 500 million doesn't go as far as it used to. he has a lot more to sell, to diversify, that would be a lot more money washington won't

get, that will flow into the economy. neil: a lot of billions, he wants to diversify his portfolio centered in amazon stock. where is that money going? do we know? >> he bought a big home which is 1/10 of the money of what he is selling but i suspect he is going to buy into some businesses, talk about sports teams. i suspect it won't sit there and 5% on his money in a money market with no risk. is not just jeff baeza's, i have friends in south florida, so many people from connecticut, new jersey, new york, coming get here just for that. why pay 13%, 14%, the amazing part about it, they still don't

learn, california is running a huge deficit, for is running a surplus. you think newsom would learn a lesson but it is not happening. neil: what do you think of amazon? normally when the founder's unloading shares, it's a fraction of the shares he owns, when a ceo you find out after the fact selling company shares. he's getting out of dodge. >> were not thrilled he is selling, we hope it gets out of the way. we think the spot will go higher. once he is done we think there will be more. big business is accelerating, sales and earnings. i was in new york city, one hundred 50 packages in the lobby, 140 were amazon, the

rest ups, and fedex. tells you what you need to know. he created a monster working very well. we expect things going forward. neil: not all those packages were for your son. >> no. i was quite amazed how much they have taken over, amazon is at yearly highs. both stocks got trashed on recent earnings and sales reports. neil: you are quite right. fedex and ups are distant second and third as far as delivery companies. thank you very much. in the meantime we are waiting for the president of the united states to comment on the death of alexei navalny who had been sentenced to 19 years in

prison, hard labor, mysteriously dies 24 hours after video showing him laughing and joking. the president is ready to speak now. >> president biden: i wanted to say a few things this morning about alexei navalny. like millions of people around the world, i'm not surprised, and outraged by the news. the reported death of alexei navalny. he bravely stood up to the corruption and violence and all the bad things the putin government was doing. in response, pruden had him poisoned, had him arrested, prosecuted for fabricated crimes, sentenced to prison, held in isolation. even all that didn't stop him from calling out with his eyes, even in prison, a powerful voice of the truth.

kind of amazing to think about. he couldn't live safely in exile after the assassination attempt on him in 2020, which nearly killed him, i might add, but he was traveling outside the country at the time. instead, he returned to russia. returned to russia knowing he would likely be imprisoned or even killed if he continued his work but he did it anyway. because he believed so deeply in his country, in russia. reports of his death, if true, i have no reason to believe it or not, the authorities will tell their own story. make no mistake. make no mistake. pruden is responsible for navalny's death. this is more proof of vladimir putin's brutality. no one should be fooled in russia or home or anywhere in the world. letter pruden does not only target citizens of other

countries as we see what's going on in ukraine, he inflicts terrible crimes of his own people. as people across russia and around the world are morning navalny because he was so many things pruden was not. he was brave, he was principled, dedicated to building a russia where rule of law existed and applied to everybody. navalny believed in that russia. she knew it was a cause for what he was fighting for and obviously even dying for. this tragedy reminds of of the stakes in this moment to provide the funding so ukraine can keep defending itself against vladimir putin's vicious onslaught and war crimes. there was a bipartisan senate vote that passed overwhelmingly in the united states senate to fund ukraine. now as i said before history is watching the house of representatives, failure to

support ukraine in this critical moment will never be forgotten. it's gone down in the pages of history. it is consequential. the clock is ticking. this has to happen. we have to help now. we have to realize what we're dealing with vladimir putin. all of us should reflect the dangerous statements made by the previous president that invited russia to invade our nato allies because they were not paying up. he set up an ally did not pay their dues, he would encourage russia to, quote, do whatever the hell they want. i guess i should clear my mind a little bit and not say what i am really thinking. let me be clear. this is not a thing for a president to say. i can't fathom, truman would roll over in their graves hearing this. as long as i am president,

america stands by her sacred commitment to her nato allies. as they have stood by their commitments to us repeatedly. pruden and the whole world should know if any adversary were to attack us, our nato allies would back us and if pruden were to attack a nato ally we would defend every inch of nato territory. now is the time to come to the aid of our allies, to stand up to the threat pruden's russia poses. i sent my deaton deepest console answers, we will continue his work despite his loss, despite all of vladimir putin's attempts to stamp out the opposition. most of all to his wife, his daughter and his son who already sacrificed so much for the family and shared dream for better future of russia. i want to say god bless alexei navalny, his courage will not be forgotten. and i am sure it will not be

the only courage we see coming out of russia. >> was this an assassination? >> president biden: the answer is we don't know exactly what happened, but there is no doubt the death of navalny was the consequence of something vladimir putin and his thugs did. >> you warned vladimir putin in geneva of devastating consequences if navalny died of russian custody. what consequences should he and russia face? >> president biden: they faced a lot of consequences. wounded 350,000 russian soldiers, they managed a position where they have been subjected to sanctions across the board and we are contemplating what else could be done but what we are talking about is the time. there were no actions being taken. look at what has transpired since then.

>> increasing sanctions on russia? >> president biden: we are looking at a number of options. >> anything you can do to aid ukraine without the support mental from congress? >> president biden: it is about time they step up, don't you think? on a two week vacation, two weeks of walking away. two weeks! what are they thinking? my god. this is bizarre. it is reinforcing all the concern, i won't say panic, but real concern about the united states being a reliable ally. this is outrageous. >> how will you get the ukraine aid given what happened today? >> president biden: i hope to god it helps. the idea we need anything more to give to ukraine, this is in light of a former president's statement saying if they don't

pay their dues, go get them, come on, what are these guys doing? what are they doing? >> how concerned are you about the anti-satellite give ability russia is developing? and what is your administration planning to do in response? >> president biden: first of all, there is no nuclear threat to the people of america or anywhere else in the world with what russia is doing at the moment, number one. number 2, anything they are doing or will do relates to satellites in space, damaging those satellites potentially. number 3, there is no evidence that they have made a decision to go forward with doing anything in space either. what we found out, there's a capacity to launch a system into space that could theoretically do something that was damaging. hasn't happened yet. my hope is it will not.

i will take one. >> switching gears, as our credible evacuation plan for one. 5 million displaced palestinians sheltering in raqqa and what is the consequent is for israel if they move ahead with a full ground invasion without measures to protect civilians? >> president biden: first of all, i have had extensive conversations with the prime minister of israel the last several days. i made the case and feel strongly about it. it has to be a temporary cease-fire. to get the prisoners out. that is underway, i'm hopeful that can be done. in the meantime i don't anticipate, i am hoping that the israelis won't make a

massive ground invasion in the meantime. it's my expectation that won't happen. there has to be a cease-fire temporarily. we are in a situation there are american hostages, american citizens, not just as -- it is american hostages. my hope and expectation is we will get this hostage deal to bring americans home. is being negotiated now and we'll see where it takes us. >> fbi informant at the center of the impeachment inquiry into you is going to die for allegedly lying. your reaction to that and should inquiry be brought? >> president biden: he is lying and it should be dropped. it has been outrageous from the beginning.

>> see you in ohio. >> president biden: neil: the president making clear that in his mind, alexei navalny was killed, did not die of natural causes. he was asked if it was an assassination. he stepped back, said vladimir putin and his cronies did do navalny in. he used this as an opportunity to get more funding for ukraine. that's an uphill battle. he didn't waste a nano second, saying his predecessor laid the seeds for a lot of this by saying the us should reject donald trump's statement on nato, the nato had become useless and not paying its fair share. in the oval office, this president saying that that was

a big mistake and reason to think twice about donald trump when it comes to getting back to power. the policy president doug showing, democratic strategist before clinton advisor. what do you make of what the president said, he didn't waste time attaching criticism to donald trump. i don't know if this was the moment to be doing that but he did it. >> reporter: actions speak louder than words. president biden has words about donald trump's words but if you look at the track record of these two president and the trust american voters have a neither one of them when it comes to foreign policy matters and conflict in israel or ukraine or even in dealing with china more voters say they trusted donald trump likely because he subscribed to to a good policy of peace through strength. got to get back to that policy and projecting american strength around the world to

honor dissidents like navalny and elsewhere. neil: he left out what he has done to punish vladimir putin in response to vladimir putin invading ukraine. something that happened under his leadership. it is a very important detail here. what do you make of the tone and tenor? >> they have yet in the white house to determine how they want to respond to this murder, and i think there's no other way to put it than as a murder. the answer is they have to tighten sanctions. sanctions already in place on russia have not been working. they have not deterred russian aggression and i think the administration, trying to get their hands around what they should do next, with congress

on recess, aid not having been approved and no prospects to be approved anytime soon. the only real good news i took from his press conference, biden was a lot sharper today than he was in the last press conference when many people including myself had real doubts about it. neil: i get to the age when i don't remember what i had for breakfast. what do you make -- let me get your take on the president's confused response, he seemed to be saying, he wasn't assassinated. in either case, don't want to be blunt or cool, navalny is dead of mysterious causes and that is on, he believed unequivocally at the start of things vladimir putin to leave

no doubt so he tried to clarify that. should he have graded? >> i don't think so. i'm speaking to you, ad-libbing, when ad-libbing a response sometimes they take a misstep or need a moment to gather their thoughts. i appreciate the president was doing that but you have to stay strong on these matters, actions speak louder than words but words are important, the rhetoric we use when we talk about the putin regime, these words matter if they are coming out of the mouth of the us president. neil: watching average ordinary russians remembering alexei navalny i didn't realize he was popular with younger russians, a hero figure. that's something this doesn't dissipate when he is no longer physically there. i wonder where you see this going or will he, like so many other critics of vladimir putin, just be relegated to the long list of those who didn't like vladimir putin and paid dearly. >> i hope and i am sure

everyone watching as well hopes that navalny becomes the symbol of the russian opposition as we go into presidential elections. one of the things i thought immediately is putin's own rating sinking in the polls and him being increasingly nervous about a presidential election he cannot lose, that raises additional questions about the timing of this death, and i believe murder, of alexei navalny. we need a tough response. the president has to tighten sanctions, redouble his efforts to strengthen nato, and fund our allies in ukraine but this is a time for morning and reflection as we see on the street.

neil: thank you very much. one of the things that amazes me looking at the life of this 47-year-old that many people have, keep in mind are, he was a critic outside russia and warning about vladimir putin, growing sweep and power. and taking this to the russian people, he risked life and limb, he was in prison and sentenced three times, the most recent to a siberian prison for 19 years for doing nothing wrong. he risked life and limb to do that, knowing full well returning to his mother country could be the death of him. more after this. (other money manager) different how? you sell high commission investment products, right? (fisher investments) nope. fisher avoids them. (other money manager) well, you must earn commissions on trades.

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neil: as coin base goes, so go coin base, the trading exchange and the fact that it is making money, lifting the crypto universe. what do you make of this follow-through, bitcoin checking 52,000 are coin that. the spillover is notable. isn't it?

>> it is warranted. you have two things going on at the same time, the launch of the ets bringing bitcoin into the mainstream and we've seen record inflows and on the other hand, this exceptional quarter from coin base that smashed wall street expectations through topline controlled expenses, it is a perfect storm of two things. i still think wall street doesn't understand the coin base story. it has beaten expectations each of the last four quarters and i bet it will again next quarter. this is a phenomenal company in a phenomenal industry doing phenomenally well. neil: what about crypto assets in general, bitcoin comes to mind. what do you make of where it goes from here? >> people are starting to

understand different crypto assets have different applications. bitcoin is trying to be digital, $15 trillion market, only $1 trillion today so it has a long way to go. ethereum is a more efficient version of this universe and we see paypal and black rock and others building applications in that space. going down the chain, another handful of assets, bitcoin is the big story where people are waking up because we have this etf but there is more behind it. block chain is a fundamentally transformational technology. it will bring finance into the internet age finally and you see that happening at an accelerated pace. adam: maybe this was the delayed response. sorry for the abbreviated space with this breaking news. jackie deangelis and "the big money show". jackie: we missed you all week