years of helping investors be well on their way. maria: 30 minutes before the opening bell sounds for a wednesday. dow industrials at the lows of the morning after a hotter than expected cpi number, the nasdaq down 242. final thoughts. adam johnson. >> it's an ugly inflation number and, therefore the, the an ugly stock market number. maria: yes. rebecca. >> don't expect the fed to cut. and don't put those signs in stores, it gives me anxiety. maria: jonathan. >> doge is doing a great thing. maria: starny and company picks it up. david asman in for stu. david: good morning, maria,

thank you a very much. i'm david asman in for stuart varney. we have to start with the latest inflation report, and it is not good. the consumer price index coming in the hotter than expected, jumping .5% in january. that's a lot more than it was expected at .3%. the annual inflation rate at 3. and the core rate, this is the fed's favorite, came in at an annual rate of 3.3%. expectations were for 3.1. the news sending markets way down to session lows, the dow trading down about 425 points. s&p, this is premarket, of course, down 64. nasdaq down 254. treasury yields, as you can guess, are spiking. the 10-year is soaring above 4.6, that's an 11 basis point gain. and the 2-year approaching 4.2%. on the show today, an american teacher wrongfully detained in russia since 2021 finally

returning home. he arrived at the white house last night draped in an american flag where he was welcomed home by president trump and top lawmakers. meanwhile, it was a presentation like no other we've ever seen in the oval office yesterday. president trump joined by elon musk and his 4-year-old son x revealing incredible details of how and how much of america's wealth is being being wasted by your government. elon musk also shooting down claims that in that he is orchestrating some kind of hostile takeover of our government. and at 11 a.m. today, the full senate is expected to vote on tulsi gabbard's nomination for director of national intel. gabbard expected to be confirmed after winning the support of some hesitant republicans. a very busy three the hours coming up. "varney & company"'s about to begin. ♪ ♪

♪ david: okay, wednesday morning, which is whats. good morning, everybody. finish i'm sorry to start with some bad news, but we have the begin with this inflation report. lauren, good morning. take us through it. lauren: hot inflation to start the year. prices rose half a percent last month, they're up 3 in the past year. shelter, the cost of shelter is responsible for about 30% of that increase in prices. said david wow. lauren: take out food and energy, core prices rose 3.3% in the past year with, so moving further away from that 2% goal of the fed. these numbers do not include tariff impacts. where was inflation concentrated in january? transportation. up 8%. shelter, again, up about 4.5%. food prices up 2.5%, and egg prices accounted for two-thirds of the monthly increase in the

food at home component. now the expectations for the fed rate cut have been pushed back to october. david: yeah. words of donald trump notwithstanding. of we'll get into that, thank you very much. mike lee joins me now. mike, a huge rise in the cpi. is this result of the last gasp of bidenomics spending? >> well, look, i think it has more to do with the intricacies of how the cpi is calculated. of so shelter made up a huge portion of this rise. i just think for people at home watching this, what you want to look at is the month over monthcore. we came in at .4. if you annualize that out, that's about a 5% annualized rate. you want to see that at a .1 or .2 if we want rates to get low again. look, the shelter component has a 12- month if lag, and the price of shelter declined dramatically over the last 12

months. so that is going to come down a bunch. you know, transportation -- i don't know how it could be up 8% in a single month. but the intricacies of how they calculate this can throw people into a tizzy. there is absolutely nothing that troubles me about this number. i think even if we got a number that was half the amount, jerome powell's going to play games with cutting interest rates. i think interest rate cuts are something that we can talk about in the back half of this year, but when and how many, i think, is very much up in the air at the moment. david: yeah. and, by the way, the president did put out a truth social posting this morning. he said interest rates should be lowered, something which would go hand in hand with upcoming tariffs. let's rock and roll, america. given this inflation report, i would take that message off the table, wouldn't you? >> well, look, i don't think we were going to get anything until these numbers got substantially

better. and so i don't know that we're going to get rate cuts in the first six months of the year. like i said, if this number was much better with, per se, i don't know that we'd be looking at rate cuts in the first half -- said said on the other hand, pushing back a little bit on what you said about bidenomics, i do think some of this has to do with that huge amount of spending that happened in the last part of last year with the biden administration before they left office trying to put as a much, cash out in the economy as they possibly could because they knew the doge team was going to come if and try to sweep some of that up. this gives the doge team much more energy and perhaps much moreport if in cutting back on -- support in cutting back on government expenses, doesn't it? >> rook, what's going on with doge is nothing short of remarkable. the democrats say we didn't it vote for this, and i think they're right because nobody if knew this was an option. if i knew having elon rain his team come in and slash a

trillion or more, i wouldn't have voted for it once, i would have voted for it ten times. [laughter] everybody wants this. it's unbelievable. it's essential. look, over 20 the cents of every dollar that comes into the treasury from tax revenue goes to service debt, and before you know it, it's going to be 25, 30, 35 cents. so, look, nothing better has happened from the government in my lifetime -- david: mike, we've got to leave it at that. thank you so much for that perspective. now this, an historic presentation and press conference the oval office as president trump was joined by elon musk and his 4-year-old son who was playing around with him the whole time as president trump was looking on and signed a new executive order putting doge in charge of principal downsizing -- federal downsizing. lauren, what did elon musk have to say about this? lauren: looking at the optics of this, it looks like their getting along is just -- they're getting along just fine. elon musk said the federal downsizing represents the will of the american voter. >> you say what is the goal of

doge or a significant part of this presidency is to restore democracy. there's not a good feedback loop from the people to the government. and if you have rule of the bureaucrat, if the bureaucracy's in charge, then what meaning does democracy actually are? if you can't have an autonomous federal bureaucracy is, you have to have one that is responsive to the people. that's' the whole point of democracy. lauren: he also doesn't need to do this. he's the richest person in the world. he wants to do this. and he says doge's transparency will build trust in government. so president trump's executive order expands musk's ability to slash. it's the one for four rule, are directing the federal agencies. for every one person that you hire, four have to leave, obviously, with some exemptions. david: sounds like a good deal to me. thanks, lauren. listen to what elon musk and president trump said about some of the fraud that they found

through doge. >> what we're finding is that a bunch of it is not even going to americans. i think we can all agree if there's going to be the fraud if, it should at least go to americans. but a bun with. of the fraud rings operating in the united states and taking advantage of the federal government especially in the entitlement programs are foreig- >> we had no idea we were going the find this much. and it's not that complicated -- >> it's not that complicated. it's a lot of work, yeah. >> a lot of smart people involved, very, very smart people. david: ben domenech joins me. ben, how can democrats have a hissy fit if about what elon musk is doing when he's finding so much fraud? and it's not just for american citizens. some that fraud is being done by hucksters abroad. >> well, one of the things that i think is really interesting about this moment is i think that democrats have fallen into one of the most obvious traps that exists in politics which is

defending, you know, the complete sort of concern of government funding in every way to the nth degree regardless of the fact that it's going in areas and into areas that are fraudulent behavior not just in america, but around the world. and that's something that that i think they have as a knee-jerk reaction, government funding, that that must be if good. but in reality the american people look at this and they say, you know with, even if the amounts aren't as big, we till have problems with where this money is going. we have problems with the idea that at a time when america is trying to refocus on rebuilding itself internally, we would be sending this money all a around the world and the criminal organizations and to fraudulent organizations. and, you know, the truth is we have only scraped the surface of this. we know the gao estimates about fraud going back years and years but particularly under the biden administration exacerbated

during the pandemic x. if it's to the tune of hundreds of billions of dollars. and for democrats to put themselves in a position where they're effectively defending that because they don't like elon musk is absolutely absurd -- david: ben, there's another thing that goes under -- got under my skin which is the hypocrisy of it. while they're calling it a constitutional a crisis, what they're doing in if going against congress and everything, how does that square with what i'm going to show you, a clip of barack obama 11 years ago talking about what he was doing. roll tape. >> and as long as they insist on taking no no action whatsoever that will help anybody, i'm going to to keep on taking actions on my own that can help the middle class. middle class families can't wait for republicans in congress to do stuff. so sue me. david: so sue me, he said. [laughter] that was barack obama, the crown

prince of the democratic party. >> look, here's the thing that we need to understand about this moment. everything has flipped in this scenario because elon musk, i think finally, has the capability, has the microphone via his pollers, via the attention a that he gets -- followers -- that he can publicize these things that fiscal conservatives have been complaining about for decades, about the waste, about the fraud, about the backwards nature of our federal government. and he's doing it from the if perspective of someone who's coming from the outside and say, hey, look, every time i've gone into one of these companies and tried to fun turn it into something that can make profit, i've done it by cutting out fat, getting rid of the old policies and putting in people who are smart enough to reorganize things. and that's that a he's -- what east doing when it comes to the governor. it's well overdue. i think democrats need to completely shift the direction they've had -- david: well, and work with republicans. >> exactly. possible if expenditure of -- [inaudible conversations] david: cutting back as senator

fetterman and oh democrats are said they want to do, we could really make progress. i think americans want them to work with republicans to do thi- >> absolutely. david: ben, we've got to leave it at that. great to see you, my friend. thank you very much. elon musk is defending the sweeping changes the trump administration is making. he says it's a mandate from the people. listen. >> the people voted for major government reform. and this presidency they are going to get what they rote ised. if. david: we'll have more coming up. and mesh mark folk ifing just -- fogle just got released from russia. he is calling president trump a hero. >> i feel like the luckiest man on earth right now. and i want you to know that i am not a hero in this at all. president trump is a hero. david: former state department official christian whiton responds coming next.

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♪,. david: well, the ceasefire at a gaza is really at risk now as president trump and benjamin netanyahu call for the release of more hostages from hamas many. greg palkot joining me from tel aviv. has a hamas responded the either bibi or president trump? >> reporter: well, in fact, there have been reactions all a around, david. a the ceasefire hostage deal you mentioned between israel and hamas is literally, though, on life support right now, and

lives, well, they hang in the balance. much-needed trucks of aid a continue to rumble into the devastated gaza strip for the desperate people there. that's part of the deal. but last night israeli prime minister netanyahu said if you are our hostages aren't released saturday, then the ceasefire is off, and the full force of the military will finish off hamas. there was some military activity in gaza overnight. even though it gave indications there would be no hostage release this week, hamas said late last night it was committed to the deal, deploying a new team of negotiators saying israel should be held responsible for any delays and complications. president trump, who raised the stakes with a demand that the all the a hostages be released by saturday, now is noting the deadline probably wouldn't be met. a hostage who was released earlier this month, north carolina-born 65-year-old israeli-american keith seeing ising is a -- siegel is a sign of the dangers and the hope of the process.

he lost 65 pounds in captivity but kept his mind and his spirit. we spoke with his daughter. >> i want to ask president trump and the american government to do whatever they can the not let this deal fall apart, to be as sensitive the as possible. >> reporter: sensitive, david, is, in fact, probably the keyword. president trump's other plan to take over gaza, deport palestinians, turn the place into a resort continues to get pushback. jordan and egypt the latest countries to say it's the not backing the plan, but they could have another. there could be a method to trump's talking right now. back to you. david: yes. it's opening up the conversation to the place it hasn't gone before, that we can't continue with the craziness of the middle east any longer. of greg, thank you very much. an american schoolteacher, mark

fogle, was detained by russia for three and a half years. late last night he was greeted by president trump at the white house. watch. >> i feel like the luckiest man on earth right now. and i want you to know that i am not a hero in this at all, and president trump is a hero. >> he's got a great mother. and when i saw the mother at a rally, he said would you -- if you win, will you get your son out? she's 95 years old. i said, we'll get him out, and we got him out pretty quickly. david: by the way, he met that man's mother if at butler, pennsylvania, just moments before he was shot. an extraordinary coincidence. christian whiton joins me now. christian, how was trump able to get his release done dealing with putin? do we know what was traded?

>> no. it's been abstract, but president trump said not very much, and that'll be in line with what happened during trump's first term -- [audio difficulty] the release of hostages, he clearly deals in terms, and i think this is good of personifications of people as opposed to ab restaurant ideas and those people held by regimes, for example, iran or in this case putin's russia that tells us a lot about what those regimes are. so i think we know that already. this is something trump thinks about. we also know this is a reinforcement of that, that russia is willing to negotiate, willing to talk with trump. david: yeah. let's go back to gaza and that report we just heard from greg. it does appear that hamas realized they were in way over their head when they said we're not going to to release any more hostages for the near future. there is some kind of negotiation. do you think it'll be negotiated out before president trump's saturday deadline hits? >> very hard to tell, and even if it is, hamas just

consistently breaks its agreements. david: that's true. >> maybe it delays the inevitable. but i think it just hoes the long-term inability the deal with hamas. the israelis can talk about clearing them out, but really trump is only, the only one who's put something on the table which makes sense. how do you govern gaza after this? is israel going to go in and install a military government? will egypt take control with its military government? probably not. even though people snicker and say it can't happen, disbursing the palestinians through the middle east really is a more reasonable outcome than letting hamas run the place. david: i agree. christian, we were talking about terrorism, this is an extraordinary fact that eat come out of the doge work -- that's come out of the doge work. usaid which, of course, has temporarily at least been closed down, they apparently gave more than $00 million -- 100 million to, quote, designated terrorist groups and their supporters. $164 million, to be precise.

this is just shocking information. and if you need any evidence for why this the agency needs to be if not shut down, changed radially, this is it. radically. >> right. my first experience with this agency did, in fact, give a lot of food and aid to the north korean regime which was then sold on the black market -- [audio difficulty] here we see they are giving money to islamists whether it's sending one of them to college, the head of isis, or a mayor figure, they don't understand political islam, they don't understand how to fight it. and what started under president kennedy as giving food and mone- david: it's gotten way out of control. christian, we've had trouble with your with connection, but we thank you for coming in. appreciate it. let's check the futures now, and, of course ors after that bad inflation number came out which was worse than expected, all of the markets are down although it's not at its worst point since that news broke. the dow is down 796, s&p down --

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david: checking futures a couple of minutes before the markets begin after that bad inflation report, dow jones is down almost

400 points, 396. s&p down 60, nasdaq down 232. shah ghailani joins me now. shah, what do you make of this inflation number, and how is it going to change investments? the market seems to have found a bottom for the dow at about 400. >> the market's been looking for a place to bounce. this number certainly isn't going to be beneficial in any way, happy or form coming on the heels of last friday's university of michigan sentiment number where consumers are now expecting inflation in the year ahead to be about 4.3% where with they were looking just the previous month at 3.3%. so expectations are hire. of the numbers prove we are going in the wrong direction, and i think part of the worry is what's going to happen with tariffs, will that lead to greater inflation across the board, and that's the problem the markets are having. david: the markets aren't waiting for the fed. look at the 10-year, the yield is up 11 basis e points, over 4.6% on the 10-year treasury.

that's a worrisome sign, isn't it? >> it's a dramatic move. and that's very worrisome for bond investors as far as sitting on losses already. the expectation is that the president would push if federal -- push the federal reserve, probably ineffectively so, but at least push them to lore rates. that's' definitely not going to happen. though the president may try, rates are not going lower anytime soon, and i think this inflation number proves the fed will likely raise -- up and, lower, and there may be pressure for them to raise rates. david: very quickly, the dun this give doge more power to cut the cost of government which does lead to the inflation? >> in my opinion, doge doesn't have enough power. [laughter] doge should be doing everything they can to cut as much waste, fraud and ineptitude as they can. david: i'm with you. shah, a thank you so much. it's a lot of cheering down there on the floor. cosmopolitan is up in the galley

to push the button there, but the market is down 350 right off the bat, now down 373. there is only -- verizon is the only stock of the dow 30 that is in the green right now. everything else is either in the red or neutral. let's switch over to the s&p because they're taking it on the chin as well. that's down almost a full percentage point, down 56 to just above the 6,000 level. and the nasdaq, i believe that's getting hit the hardest. it is. it's down a full 1%, 1.1% right now, down 217 points. let's look at big tech. apple, meta, they are all down, amazon, alphabet, microsoft. the big five are all a down. not in terrible happy right now. of the worst of those is microsoft, down 1.5%. but, again, it could be a lot worse with this inflation news. well, let's start with the begilensed chipmaker, super micro. taylor is with us -- begilensed.

taylor, how are they doing? >> we finally got the annual and quarterly reports which were delayed last year because of allegations of fraud. the auditor left and massive upheaval. we got it by the february 25th deadline. the markets love it. they also love guy dance for fiscal year '25 and 2026 saying 23-25 billion. and then setting the path forward to what analysts are liking of about a $40 billion in fiscal year 2026. so really good news for a company that needed it. david: so that's whey up. not so for lyft, right in. >> gross bookings are taking a hit really because of the competitive space from rube -- uber. listen to to this, bookings in the first quarter they thought would be 4-42 billion, expectations -- 4-4.2. the ceo saying they like the strategy and it's working because you're getting all-time highs in drives and rider hours. but in order to get that, they're the undercutting the price to take on uber x they're getting a hit from it.

david: 15% down. uber's down 3. door doordash just reported earnings, how did hay do? i guess pretty well. >> you must be ordering your groceries, alcohol and food on doordash because they highlighted that the holiday season was really good for them and that that customers are fill finding that platform ordering all the necessities. that david it was a busy morning even before the bell rang. cvs. >> smaller than expected drop if profit which pushes them up 12% on the day. the pace of medical cost increases are slowing, and they got good news from the pharmacy business as more people are ordering prescription drugs. said david it must be pharmacy news because it's up 12% if right now. kraft heinz, how did they do? >> forecasting annual profit that came in below expectations, you're down 5.5%. heir talking about sluggish demand for lunchables and

packaged meat. in the make america healthy again environment, i think a lot of the percentaged -- packaged foods are being statute scrutinized. david: we're going to see her of that with rfk. biogen. >> share shares down 6.5%. they lowered profit guidance, so even though they did well in some of the breakthrough alzheimer's treatment, again, when you lower profit guidance for the year, they're in the middle of a big cost-cutting program, it wasn't enough. stuart: david: restaurant the brands. >> you know them, burger king, popeye's -- david: i know them, indeed. >> it is working, and those value meals are driving customers back into stores. they also have, in burger king, the reclaim the flame. it's a big i turn-around program where they want to update technology, get new kitchens, get new stuff, and it's working. david: all right. let's talk about ev sales, of

course, the mandates are coming off. sales for january, we've got a number. >> yeah. this is a push-pull story. january year-over-year global ev and hybrid sales are up 18% led by growth in europe and the u.s. outpacing china for the first time since last february. that sounds good, but on a month over month if basis global sales are down about 35% from december. china sales in january in part because the lunar new year, we're down about 43 month over month. year-over-year with it does look good. david: okay. thank you very much, taylor, appreciate that. moving being on -- well, actually, we want to look at tesla. they are facing headwinds from deepseek. what is going on there? >> i'm still here for more. don't count me out just yet, david. david: sorry about that a. >> no worries. this is interesting. the chinese maker byd wants to partner up with deepseek for autonomous driving.

tesla just came off of five straight days of losses, because people are saying we don't have autonomous driving here if the u.s., and byd is partnering up with deepseek, get on it. people worry elon musk is distracted but, again, don't count him out. david: and payments on zelle hit a new record. >> i'm a big user, it's a bank to bank payment system -- david: yes. a lot of people rely on it. >> a trillion dollars -- david aired e-mac taught me how to use it. he's the one. >>st it's easier in many ways, i think many people think, than paypal. $400 billion last year in payment volume. they said they have 1511 millios and those users are up about a 12%. david: all right. thank you, taylor. we're going the see you on "the big money hoe" at 12 p.m. eastern time to. let's check the 10-year yield with,11 basis point jump, it's

now well over 4.6%. really taking it on the chin as a result of what happened with the inflation numbers. gold, it had been down very significantly. it is still down but not as much as it was. it was down about a 30 points in premarkettage activity, then th. it's down now but only by 9 $9 -- 9. bitcoin is trading down as well, about $1,000 to the negative now at $95,219. if we could -- 219 -- 291. oil is down about a dollar which is interesting, going against the grain of that inflation report. of nat gas is up a tick at a $3.56. the average price for a gallon of regular, by the way, is $3.14, but as we always look at california in comparison, california is $4.74. wow, that's up 8 cents just from yesterday. coming up, russia a is

warning that the relationship with the u.s. is on the verge of a, quote, break-up. what's that all about in we'll dig into it. and elon musk says doge, with doge he can cut our deficit in half. listen. >> i'll be scrutinized nonstop. but with the president, we can cut the budget deficit in half from $2 trillion to 1. david: can he do it? we're going to be asking the founder and co-chair of the doge caucus, congressman aaron bean, how they will make that a happen. he's next. ♪ so, what are you thinking?

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♪ ♪ david: the trump administration is calling on the ncaa to strip titles and records from transgender athletes like

swimmer leah thomas. alexandria hoff joins me now. any response from the ncaa, alexandria? >> reporter: david, not as of yet. vacating a title is something the ncaa has experience with, and it was only last week that the n nc a aa changed their policy to align with president trump's executive action mandating that that only females can compete in women's sports. the ncaa a wrote, this policy is effective immediately and applies to all student athletes regardless of previous eligibility reviews. now, the department of education is now urging the association to go a step forward. -- wrongfully credited to the biological males who unfairly competed against girls and women in athletics. according to a united nations report globally, female athletes have lost nearly 9000 medals to

transgender -- 900 medals to transa gender competitors. president trump wants schools run at the state and local level. >> have you seen how many buildings department of education occupies in manhattan in and i keep saying, what do they do? it should be done locally. also we should have school choice. >> we need three republicans in the united states to join us to block what they want to do in abolishing the department of education. we can do this. of we just need three. >> reporter: so democrats protesting there. another rally will be held today with democrats against the education secretary pick linda mcmahon. mcmahon faces her confirmation hearing tomorrow, david. david: alexandria, thank you very much. elon musk says he could cut the deficit in half that. watch. >> two ingredients that are really necessary in order to cut the budge deficit in half from $2 trillion to 11 trillion, and it's really two things -- to 1 trillion. competence and caring.

and if you add competence and caring, you'll cut the budget deficit in half. i'll be scrutinized nonstop. and, but with the support of the president, we can cut the budget deficit in half. david: the founder and co-chair of the house doge caucus, congressman aaron bean, joins me now. congressman, can he do it? >> first of all, good morning, fox business. one thing i've learned, david, is you never bet against donald trump, and now we know not to bet against elon musk. they are just, good grave gravy, they are turning stones and finding the worst cases of fraud and abuse and waste. so i think he's on a flight path to do just that, cut this deficit in half for this year's spending deficit. david: of course, $1 trillion is still a lot of money to be in deficit. we are hoping to get it down to a balanced budget, no? >> well, we didn't get into this mess overnight. it's taken us 25, 30 years to

get in there, so if he could just put us on a flight path to get to a balanced budget or at least to have a way to not continue to dig the hole that we find ourselves every year, that's going to be a win. that's going to be a win. hats off to him. the doge team is rocking. david: you know, you talk about turning over stones, he also went boo a mine shaft to find out how the social security administration was getting new participants. i mean, talk about old-fashioned way of doing business, he put up in the doge x post, he put pictures of an old, abandoned pennsylvania limestone shaft is. what the heck are we doing? for all the money that we're spending, this is what we get? >> good -- we are spending money on the wrong things and, of course, with fraud and abuse. but that is are where truth is stranger than fiction. you can't make it up, that millions of files are in a cave. it's almost out of a comic book or something. but hopefully now that we know

it, it's something on the list that we can fix going forward. david and there's something many else that elon said yesterday in the oval office. i want to play that and get your reaction. roll it. >> you know, there's crazy things like just closer examination of social security. we've got people in there that are 150 years old. now, do you know anyone who's 150? i don't, okay. they should be in the guinness book of world records. they're missing out. that's the case where i think they're probably dead, it's my guess. or they should be very famous, one of to the with to -- one of the two. david: we hear democrats screaming about what elon musk doing. that i do -- do they a want dead people to still get social security checks? is that what they actually want? >> david, it make as you wonder. they were on the street protesting, and or what are they protesting for? for the the status quo to do just that. social security is on a path, you talk about going on a path,

it's going to be fiscally challenged in 9 years. if we do nothing, then that's going to be upset. so, yes, we have to modernize the system that when folks get into world record age, maybe it's time that we give them a closer look. so thank you, elon musk, for flagging this, and congress has got work to do. david: well, and democrats do have to be a part of this process to change things. eventually i hope they turn around and realize that the work he's doing is very valuable to all of us. congressman, thank you very much. appreciate it. now this, congresswoman anna paulina luna has been selected to lead the declassification of the jfk assassination files. he says there's a new theory -- she says there's a new theory. lauren: she does not think lee harvey oswald was the lone shooter. >> it'sgoing to be covering on a thorough investigation into the john f. kennedy assassination. and based on what i've been

seeing so far, the initial hearing that was actually held here in congress was actually faulty in the single bullet theory. i believe there were two shooters, and we should be finding more information as we are able to gain access hopefully before the files are actually leased to the public. lauren: the intrigue. the congress congresswoman and james comer have are sent letters asking for records related to, yes, the jfk assassination, also rfk, mlk, 9/11, the origin of covid, jeffrey epstein's client list. what they're trying to do is uncover decades of federal government secrets and be transparent. give americans answers. david you know, the only problem is i have friends who were into the whole jfk assassination theories, they say if there was anything in there leading to two gunmen, it would have been purged years ago a. we'll see. that's what she thinks. a lot of other people -- lauren: they're calling witnesses and experts.

david we'll see. lauren, thank you very much. coming up, elon musk says he wants answers about how so many bureaucrats are actually getting rich. if. >> there seems to be mysteriously -- they seem to be mysteriously wealthy. why? where does it come from? i think heir getting wealthy at the taxpayer expense. the david we'll get to the bottom of that one. and the price for a dozen of eggs just hit a new record high. stores are limiting purchases of eggs. we've got the full report coming next. ♪ country boys and girls getting down on the farm. ♪ you can have a lot of fun in a new york minute -- ♪ but there's some things you can't do inside those city --

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david: a real quick check on the markets. they plummeted when that a bad inflation news came out. they're still down but not as a badly. the dow's down 3 3d. the dow's down 3 3d. nasdaq was well over 100 point ♪

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