perhaps we will hear more about that today or tomorrow, dagen. >> dagen: keep pressing, griff, keep reportingns at the southern border. an opinion piece in "the new york post," argues this of course biden policies are to blame for the migrant tragedy. our border resembles what in the law is called an attractive nuisance like a swimming pool without a fence. biden's policies were people with promises that they will be able to live here forever without meaningful chance of deportation. if only they can make it happen at the border. jason chaffetz, fox news contributor, former republican congressman from utah is here to call this a closed border. it is a new level of insanity. it is much worse than fentanyl's price hike because people are dying because of the border pol. >> can you imagine how horrific this scene must have been in there with the heat, the exhaustion. you have 53 people dead. this could have been totally preventable. the border is not closed. the white house spokesperson to say they are focused on this, joe biden has never been to the border effort. kamala harris is a supposedly

good to see you. >> dagen, god bless. dagen: you too. united states. we will tell you just how many migrants are heading to our southern border, that's next. ♪ ♪ ♪ what if you were a global bank who wanted to supercharge your audit system? so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create say goodbye to daily insulin injections. and simplify life with diabetes with omnipod. it's a tubeless, waterproof pod that provides insulin without multiple daily injections. now is the time to try it with a free, no commitment, 30-day omnipod dash trial. go to omnipod.com/free for risk information, instructions for use and free trial terms and conditions. consult your health care provider before starting on omnipod. simplify diabetes. s

dagen: indeed. michael better guess, thank -- michael burgess, thank you so much for being here this morning. so many problems straight out of this white house, thank you so much, congressman. coming up, no confidence if the commander in chief, even democrats don't feel like president biden has what it takes for 2024. we'll talk about it next. plus, time to travel without a covid test. the biden administration easing some restrictions but why are people getting their baggage. details, coming up. you'll always remember buying your first car. and buying your starter home. or whatever this is. but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. we believe that your investments should work harder for the future you imagine. and that's where our strategic investing approach can help. t. rowe price. invest with confidence. >> tech: cracked windshield? make it easy and schedule with safelite, t. rowe price. because you can track us and

dagen: exactly.he high court overturned roe v wade. listen. >> the supreme court has dramatically overreached its authority. this is a crisis of legitimacy. >> this court has lost legitimacy. i believe we need to get some confidence back in our court and that means we need more justices. >> given the extremism, the far right extremism and the imbalance and the come he pro miffed integ griff -- compromised integrity of the supreme court, we need to expand the court. dagen: joining me now, ohio republican senate candidate, author of the famous book, hill billy eligj, jd vance. they used the word legitimacy. there's an editorial in the wall street journal today and the title of it is, the supreme court reclaims its legitimacy because the justices in '73 overstepped their boundaries and made their institution political. >> well, i think that's exactly right. look, i think it was the right decision. it was a decision that overturned a very bad decision of 50 years ago. look, even if you disagree with me,

dagen: no.when new york city is baking under temperatures like that, the smell is overwhelming. >> the garbage really resonates. dagen: like taking a nap in a dumpster behind a long john silvers. >> with a blanket on top of you. dagen: thank you so much. members of congress making a bipartisan push to limit u.s. investment in china. lawmakers proposing the screening of investments in any country considered a foreign adversary to protect u.s. technologies and rebuild supply chains. the measure is part of a broader bill to boost competitiveness in the u.s. with china and grant $52 billion to chip makers to expand u.s. operations. joining me now, fox news senior strategic analyst, general jack keane. good morning, general. always such a pleasure. what do you make of this bipartisan move? >> well, first of all, i mean, the fact that it is bipartisan gives us an indication of just where the united states in dealing with china, i mean, it is our long-term security threat. the people have made a major

dagen: we can't. >> thank you so much dagen.en: but we can pray, that the lord shepards you threw they times of grief through these dark days that you find joy you find strength, and you do find comfort that is to you and your entire family. >> i received that in jesus' name thank you i real appreciate it thank you to "mornings with maria" staff putting together this segment. >> thank you. >> thank you so much right . ♪ . . the lower your drag coefficient, the more efficient you become. such amazingly perfect shapes run throughout the natural world. and can now be found in the automotive one. the world's most aerodynamic production vehicle. the eqs sedan. this is xfinity rewards. our way of showing our appreciation. with rewards of all shapes and sizes. [ cheers ] are we actually going? yes!! and once in a lifetime moments. two tickets to nascar! yes! find rewards like these and so many more in the xfinity app. every search you make, every click you take, every move you make, every step you take, i'll be watching you. the intern

dagen? >> dagen: i know. sadly. thank you. peter doocy following the president. sean duffy is here, a fox news contributor. joe biden stepping up and saying he is in favor of getting rid of the filibuster to legalize abortion nationally. sean, what say you? >> dagen, when he was opposed to getting rid of the filibuster when he didn't have an issue like abortion on the docket, and he wants to push the filibuster to the sideline so democrats can pass abortion rights, but the problem is, where does joe manchin go? to see agree with him on abortion and getting rid of the filibuster? they have to think of what's coming in november. more than likely republicans are going to take control for sure of the house, but more than likely the senate, as well. if they go to the filibuster there will be another republican president in the future and a republican senate, and you blow up this historic norm of the senate where you have a requirement where both sides have to work together to find compromise on legislation. that will be a thing of the past, dagen. this is bad for amer

start walking the walk. >> dagen: i'm with her. >> will: wow. >> dagen: you brought up the real house the real house wives. he's rubbing elbows with two from new jersey. the least he could do is hang out with people that live here in new york city. i lived not far from here. speaking of not fighting crime, not enforcing the law, there was a serial stabber town the street from here. he was released on bail because bragg's offers didn't file the indictment fast enough. it's happening over and over again in these areas. the liberal leaders are governing cities where hard working tax paying people don't want to live in a dangerous violent filthy expensive hell hole. whether it's san francisco or here. the only way this changes and i'll point to daniel enriquez shot dead, goldman sachs employee. to have these large corporations stand up and say we are leaving. your tax base is disappearing. when the money not only talks, but walks, then they start doing something. stop inviting major adams to all of these glittery openings. >> jessica: openings? >> sean: i agree with will. 76% of new yorke

dagen: it's 18 for long guns. >> is it enough? dagen: 21 for handguns.ith all of this. most people i hang out with are hanging out in the middle. they may lean to the left or right on certain things. but it's common sense. that's what he said when he was on with brett last night. dagen: i'll take more matthew mcconaughey and less robert deniro. he was a talking about goa and a he says biden -- about joe biden and he said biden is doing a very good job, you know, the one that was curse canning about president trump. >> a very good job, what a ringing endorsement. maria: a very good job? that's just not true. that's just not true. >> you asked if he was running for anything, mcconaughey. he was rumored to be mulling a gubernatorial run texas. maria: he said he's not to brett last night. >> he doesn't sound like a democrat or republican but contrast the way he's talking about this with beto o'rourke, night and day. maria: deniro talking about influence peddling, did that come up? you know, i mean, really, did the russia collusion lie which divided our count

dagen, your reaction? his reelection and his reelection campaign for 2024. dagen: i'd like to know what they're smoking or drinking that they are getting behind biden. it wasn't that the senators, all men, got in front of a mora and said we endorse joe biden for a second term. that was their spokes people answering, yes, so let's put the -- let's put to a test and tell him to get into the camera and speak glowingly of the the president's record on inflation, on wages, on the standard of living in this country. so they can say this now because it's -- they are not saying, it's their flax who are saying and they are not being recorded, if you will. maria: steve, what do you think? >> well, senator schumer's office just had one word, yes. they couldn't amplify on that. the more interesting question is do they think joe biden will make it to 2024. the speech that he gave to labor leaders yesterday, the anger shows that he knows people wonder if he's up to the job, if he has the energy for the job and when you

dagen, jump in here.smidge of caring for the american people and the inflation and the hardship and the suffering that they're dealing with every day. they are completely disconnected from what is happening across this country, coast to coast. is that by design because they don't want to admit that their policies are partially to blame, largely to blame for this? because this -- joe biden was elected, what, based on -- he's so em pathetic and we've gotten the exact opposite of that from all the democrats. >> well, they have a conflict between what their base wants to do and what they want to do and the fact that it's causing inflation. i think maria just mentioned build back better, democrats trying to pass elements of build back better which is really absolutely extraordinary because what we have seen in the past month or two you've been reporting on this is a number of sources have begun to admit that the giant, quote, covid relief bill of last year was actually far bigger than it neat needed to be, --

dagen: a greet hairdo didn't get john edwards inner.. >> stay right there next hour "mornings with maria" begins right now. . . . >> good friday morning. thanks very much for joining us this morning, i am maria bartiromo, tgif, friday, june 17 top stories right now 8:01 on the button on the east coast, today trading a bear market, stocks are trying to recover after plunging yesterday topping worst week since october 2020 sliding further into bear market territory. the dow industrials right now up 217 points 3/4 of a percent 70500 up 33 nasdaq higher 133, better than 1% right now, this after stocks sharper lower all indices down between 2 and 5% nasdaq hardest hit down better than 4% on worries u.s. may already be in recession, the dow down 2 1/2% s&p 500 down 3 1/4% on the session yesterday, for the week, the markets, are down, sharply in fact the worst week since october 2020 dow industrials down 4 2/3% nasdaq down better than 6% on the week s&p 500 lower by 6%, the year numbers tell the story even better, with nasdaq has been hit hard

maria: dagen. dagen: i was just sitting here doing a back of the envelope calculation.es, you heard this from nick timeros yesterday before the fed hiked three quarters of 1 percentage point that mortgage rates are being quoted north -- a 30 year fixed rate mortgage being quoted north of 6%, 6 and a quarter. so if a million dollar house with a 3% mortgage should be about $680,000 at a 6 and a quarter percent mortgage so that's a decline of more taken 30%. a 32% decline. and this myth that tight supplies are going to bouy the housing market is embarrassing and it's a hustle that if people are out there looking to buy a home, they shouldn't buy into this hustle from people in the real estate business. i've told people if you're going to go out there and buy a home, you need to bid 30% lower than what they're asking. rates go up -- maria: that's a good point. dagen: if rates go up, prices go down. people talk about i remember when i bought a house it was double digit interest rates. it was a $200,000 house that was priced at 2 million recently. do the math. prices are goin

dagen mcdowell and lee carter.el when we come right, you're watching mornings with maria live on fox business. maria: welcome back, house speaker nancy pelosi back in the spotlight because of her stock trades. the lawmaker disclosed her husband paul pelosi purchased options to buy up between 750,000 and 1 and a half million dollars worth of apple stock and up to $600,000 in microsoft stock last month. the news coming just months after the speaker signaled that she may be willing to advance a bill to band individual stock trading by lawmakers. she had previously shot the idea claiming it's unfair to exclude lawmakers from playing the market but that was really disingenuous, dagen, because nobody is telling her to not have access to the stock market like most of us who may have access to inside information, there are indexes to buy or exchange traded funds or mutual funds rather than buying individual stocks. so she's just in-disingenuous. your reaction. dagen: i don't think she cares about the appearance of impropri

mark: dagen, this raises the question, how can this not could intentional.onal, consequences but he made it clear he was going to war with energy industry. he came out to office, they target energy industry, and embracing this climate change degrowth propaganda. they lie about the leases they are not giving permits to drill, they have taken a lot of land. and offshore areas, off of the table that donald trump hut on the table. they blame big oil, wasn't big oil, in charge before biden was president? when the pricece of gasoline wasre half this much, all of a sudden big oil, decided to double,n triple the prices, make a ton of profits are they, not the one begging biden to take the foot off their throats. >> yes so they can help lower the oil and natural gas prices, the lie about the unused leases that has been floating since president obama was in office, the blame game that biden and incorporated is not even new, they are borrowing it from president obama and that administration to me, what the biden administration has done with oil the definition ofy idioc

it took three weeks to say peace, peace, peace. >> dagen: it did. speaking of hillary clinton, she is the woman who said that she was using some language i would disagree with when criticizing clarence -- justice thomas. when she was asked why she didn't drop out of the race for about 2008 democratic nomination, why she was still hanging on, her response was -- remember, she was running against president -- and then candidate barack obama or senator. she said well, rsk got shot in june. so in terms of intentional or accidental insensitivity, i think that that was on display now and before it. and i do think it is the responsibility, which adam coleman, who was a black writer, said in "the new york post" that you cannot claim to be antiracist if some racism is okay with you. and that was -- he was talking to black america, black celebrity is because there is a lot of heinous language being used by white liberals on social media to describe clarence thomas when they should be debating why he said that in his concurring opinion and why he left out lovi

fox business anchor dagen mcdowell. he is often mistaken for a magician since his back to make audiences disappear. actor, writer, comedian jamie lewis powell! and she is like a set of car keys, small, sharp, gets lost in your sofa, fox news contributor kat timpf. [applause] leader mccarthy, are you nuts coming on this show? are you already regretting it? do you feel perhaps the advice given to you to do this show was bad advice? >> no one gave me advice to do it, that is the problem. my daughter texted me before, i got a text from my daughter, she said, "i think we should talk before you go on the show." no, it is a true text. >> greg: did she give you any advice? >> she said don't try to be funny. >> good advice. >> greg: the best advice anybody could give anybody, whether you are funny or not. we have had guests that come on here and think they are funny, and it is painful. i mean, jamie. [laughter] but you know, he is part of the make-a-wish foundation, so we have to -- the problem is he's not dying. >> you were tol

dagen: great to be with you. likewise.r to "varney" & company stuary varney take it away. stuart: good morning, maria, and good morning, everyone. you can't get away from it. it is the dominant issue for the financial markets and for politics too. i'm talking about yes, the inflationary spiral, which we are now in, and a new quinnipiac poll shows voters think inflation is by far the most urgent issue facing the nation. double the number who are concerned about guns and this is why inflation tops the worry list. gas up again, yes, 4.97 is the national average as of this

dagen the judge brought receipts. why is inflationo worse in the united states than it is across the globe? acbecause we had the worst monetary combination monetary and fiscal stimulus. and i will point to what joe biden said. he also vilified exxonmobil today. so how is that going to look when he goes groveling to saudi arabia to beg on his knees figuratively the crown prince to pump more oil, which he did, which the administration last august after taking a hatchet to every corner of our energy industry? his position o still calling it putin's putin tax and putin's price hike that simply says nothing will get done out ofth this clown. nothing will happen. there is no plan to fix this .or and it'sta important that on the fiscal side that the white house and the left wing liberals running the senate and congress for now dor something to pull n back like get rid of the moratorium on the student loan paymentsn. that is literally a handout to rich lawyers and doctors, but m they're still doling out that money. schumer's

road to majority and i will be there in nashville and dagen?have the proof. greg was talking about it earlier. watch this. [laughter] 7-month-old baby pulls a chair out from under her day care teacher. >> judge jeanine: that is amazing. >> dagen: can't even walk. >> greg: filming it, too. that is crazy. >> i watched that on a loop even before my one more thing. >> not as exciting as the italians. >> jessica, go ahead. >> so finally allowed to do a one more thing because the golden state warriors won the nba title last night in boston. fame 6. the first team since 1985 l.a. lakers to beat the celtics in boston to win an nba title stephon curry who won the mvp award. this is their fourth title in 8 years and sixth final that they went to. i'm happy to talk with anyone online about where kevin durant plays in all of this. anyway, really exciting. >> joey: want to cover a real sport braves have won 14 in a row. >> jessica: i'm happy to talk about it. once a year every day bret is like no more basketball. no more basketball. >> judge jeanine: all ri

mark: when we come back, dagen, what about the rest of the economy?ling back purchases, and manufacturing pulling back, people say we're headed into a recession, are we in a recession in we'll be right back. jon: welcome to fox news live, the biden administration is considering a plan that might provide a tiny bit of preleave to your pain at pump, to place a temporary pause on the in a nation's gas tax. this week national average for a gallon of fuel is 4.98. >> and yellen said that the idea is worth considereds. >> airlines delayed or canceled thousands of flights again, many more may come as july 4 week approaches, airline blame staff shortages and bad weather. i'm jon scott. back to "life, liberty and levin." mark: welcome back. dagen, i know technical people say we need this and that to trigger recession, i don't know. i have lived through recessions. if it smells and walks like a recession it is a recession, i feel like we're in stagflation. >> we're in a recession, the economy contracted in first quarter of this year, even estimate from federal

dagen i love how he acts like a boss. y right. l that's not bad.ar yeah. it's like subordinates are liket you can't do that . you're a subordinate. you're fired. >> it's a good feeling. it's it's so forty years go you have time to write a complaint l letter. you're fired a back . what do you know. what are you doing with your time . i've worked i've workedwo for tyrants over the years not here but in other places and you know what keeps youes on your toes because you see them coming down the hall. you got to know where to hide exactly. and you're nervous all the time and it keeps you quite trim. yeah, it is true that it can't. hold anything down or in any way. rob , you know, i like how he like he, he refused to play n this new trend of airing your laundry publicly like open letter or like what happened the washington post with that other lady. yeah, i can't get fired. you also got fired. so it's kind of like you know what you guys want to go public. you're going to be publicly fired. alsotr they said to this trend i mean, i think it's a hard trend. we wan

stuart: all right, good morning, dagen. good morning, everyone. we lead this morning with a terrible story from the border. you have to wonder if something is awful as this will not final ly push our president to get a grip on the border. at least 50 migrants died inside an abandoned truck in san antonio. they had been locked inside, no air, no water. outside temperature 103 degrees. inside, much hotter. where is the lift? i'm sorry. where is the left? they screamed false outrage but kids in cages under trump. silence today. my opinion? homeland security secretary mayorkas should resign. in other news let's get to the markets. stocks going up a little at the opening bell this morning after small losses yesterday. the dow maybe up 150, s&p 17, nasdaq about 35. so, have we hit a bottom? time to buy something, anything. we will ask. bitcoin trading around 21,000, at 20, 900 to be precise as of right now. interest rates moving up i have the yield on the 10 year treasury above 320 it's now 3.24 %. oil moving up as well. you're looking at $111 a barrel,

stuart: all right, i will, good morning, dagen and good morning, everyone. we were warned about a double-digit inflation rate and at the producer level, that's what we got. to put it clearly, this is how much business costs have gone up in the last year. here is the number. 10.8%. that is actually a very slight down trend from march and april but it is double-digit inflation for businesses, so what's the federal reserve going to do about that? their meeting starts today and there's now speculation that the fed will hike rates by 75 basis points. that be three-quarters of 1%. now, what's that doing to stocks after all the selling friday and this monday, we are in a bear market. not much of a rebound today. the dow industrials will go up maybe 100 points at the opening bell. down 800 yesterday. same with the s&p. huge loss yesterday. minor bounce this morning, maybe 20 points and look at the nasdaq it was down 500 points, 4.6% just yesterday, backup this morning at the opening bell at least about 100, not much of a bounce. how about interest rates? the 10 year

stuart: all right, good morning, dagen, and good morning, everyone. it is monday, and the first thing investors want to know is how's my money doing? so let's start there. it's a rally after last friday's selling the dow is up about a couple hundred points at the opening bell nice gain for the s&p and the nasdaq is going to be up what about 189 points, i'll call that a rally. there is no good news on energy price inflation, however. we're in a dangerous spiral. a new high for gas this morning, $4.86 at the national average for a gallon of regular. it's going up four or $0.05 each and every day. there's another new high for diesel too 5.64 but you'll see $7 and up for diesel in some states. look at this with oil getting close to $120 a barrel, 118.92 right now, do not expect much moderation in gas prices anytime soon and inflation, it is crushing the president. nearly three-quarters disapprove of his handling of inflation. he gets just 28% support for whatever he's doing to fight rising prices. politico reports mounting frustration within the white hou

that were presented during woodrow wilson's time in office culminating in a case called ham murphy dagen heart that dealt with a a specific type of child labor when fdr came along they stayed pretty close to that precedent. and they pushed back up. they invalidated a lot of fdr's legislative agenda. this happened in slow motion over the course of about four years. he got tired of losing and by the time he won re-election of the fall of 1936. he said that's it. i'm i'm going to show them who's boss now. so that's when he started. he had for some time been trying to demonize and delegitimize the court denigrating individual justices who were opposed to him. most notably the the combination of four justices whom he deemed the four horsemen the four horsemen of the apocalypse is what he called and and the one i regard as the intellectual leader among them was got him george sutherland the only supreme court justice ever to come from utah himself a byu graduate and the appeals. yeah. yeah, very handsome man. that could lead to a question from the audience by the way miles it could it could ok

i am emily compagno here with kayleigh mcenany, dagen mcdowell, jessica tarlov, and sean duffy.

i'm judge jeanine pirro with jessica tarlov, will cain and dagen. this is the "the five."ding their one-sided prime time hearings last night. members of the committee claim president trump had spurred a mob of domestic enemies to attack the capitol in an attem

thanks to house minority leader kevin mccarthy, dagen mcdowell, jamie lissow, kat timpf, or studio audience. "fox news @ night" with evil shannon bream is next. [applause] ♪ ♪ >> shannon: hello and welcome to "fox news @ night." i am shannon bream in washington. ♪ ♪ breaking tonight following explosive testimony during tuesday's january 6 committee hearings, fox news was told by a source close to the secret service that two agents are prepared to testify directly contradicting key aspects of allegations involving former president trump's actions in the presidential limo that day. a brand-new update just minutes away. and consumer confident in the u.s. economy plummets to the lowest level in more than a year. consumer outlook has a decade-long low, as president biden is informed by french president macron in an exchange caught on camera that there may be little saudi arabia can do to increase oil production. dream team handle standing by. ghislaine maxwell sentenced to 20 years in prison for her role in aiding jeffrey epstein. we begin with a busy tuesday night of primaries all around the co

bosses i our hello everyone.ll i'm judge jeanine pirro along j with jessicaud tarloff, seana duffy, dagencdowell and will cain is five o'clock in new york city and this is the five the democrats january 6th committee holding their one h sided primetime hearings last night. members of the committee claimed president trump had quote spurred a mob a domestic enemies, close quotees to attack

dagen: great to be with you. likewise. maria: all right, markets completely turned around dow industrials down 60 points let's hand it over to "varney" & company stuary varney take it away. stuart: good morning, maria, and good morning, everyone. you can't get away from it. it is the dominant issue for the financial markets and for politics too. i'm talking about yes, the inflationary spiral, which we are now in, and a new quinnipiac poll shows voters think inflation is by far the most urgent issue facing the nation. double the number who are concerned about guns and this is why inflation tops the worry list. gas up again, yes, 4.97 is the national average as of this morning and there are now 20 states plus d.c. where it's $ 5 or more on average per gallon of regular and look at california. they've reached $6.40 a gallon, and that's an average. this will catch the attention of truckers and farmers. yeah, another new high for diesel, 5.74 a gallon. the president though, he's not changed his inflation plan. in a softball int

i'm dagen mcdowell in for harris. out-of-control inflation just one of the problems americans are feeling right now. the president this morning saying he's continuing to support ukraine as the best course of action, and he took his blame game international. jazzing up his usual script.

dagen: thank you, angela and mike. thank you, both "varney" & company, right now. stuart? stuart: all right, good morning, dagen and good morning, everyone i'll start with the market, because after a big gain friday, investors really want to know if the rally holds. well, yes, it is holding, at least at the opening bell marginally. the dow is up what 800 points friday, it's up about 30 points that's it at the opening bell. s&p getting a little closer to 4,000 again, it'll be up just a couple of points that's it, and the nasdaq, back above 12,000, up maybe 20 points, that ain't much of a rally on a monday morning, is it but it's better than a sell-off. bitcoin is holding above 21,000 but there was some shakey stuff earlier this morning that dropped below 20,000 after three arrows, that's a very large crypto hedge fund, have trouble, maybe about to default. it's back to 21, 100 as of now. interest rates, they're moving up. the 10 year treasury yield right now at 319. gas down to an average of 4.89 but it's only down $0.12 from its record, 4.89 this morning, diesel 5.79 just

maria: all right, that'll do it for us want to thank dagen mcdowell and steve forbes great to be with you both this morning >> great to see you. maria: we got a lot happening the federal reserve will be at 2 :15 p.m. eastern stay with fox business when we get that at 2:00. "varney" & company begins right now, with the market, and that is rallying stu over to you. stuart: all right, good morning, maria, good morning, everyone. where do you start? stocks, cryptos, interest rates, mortgage rates, the primaries, a blatantly dishonest speech from the president. we've got major news stories all across-the-board. so, i'm going to start with the fed but believe me folks i will keep this short. we find out this afternoon how big a rate hike jay powell will impose. 50 basis points, 75, 100, don't know but the markets will move when we find out. here's a market in crash mode. cryptos. bitcoin came close to dropping below 20,000 bucks this morning. it has been dropping everyday for more than a week, and bill gates came on and dismissed crypto. he says it's based on the greater fool theory. a tril

maria: [laughter] dagen: it was for tv and it was embarrassing and i have a copy of it, and i'm keeping it, even though i have no way of playing it at this point. maria: [laughter] well it's going to be worth big money. lee, what about you? will you invest in vcr tapes? >> i do i think i still have the full collection of all of the disney movies starting with "beauty and the beast." maria: good one. dagen and lee, great stuff have a great day, ladies we'll see you again tomorrow "varney" & company begins right now stu take it away. stuart: good morning, maria, and good morning, everyone. at risk of sounding like a broken record energy price inflation has hit us yet again. it's the number one economic problem, everybody sees it, everybody feels it, but it just keeps on coming at us look at this. we've got another record high for gasoline this morning up a nickel overnight to an average of 4.91. 13 states now have $5 gas. looks like it goes nationwide by this weekend. now look at this. diesel, another new high, 5.68. think what that's going to do to truckers and farmers. you're seeing sur

stuart: good morning, dagen, and good morning, everyone. we are in a financial crisis. inflation is getting worse, interest rates are rising, economists predict recession, the stock market again selling off, and i know this is a strong word, but cryptos are crashing. start with this. over the weekend the national average for a gallon of regular gas hit $5 this monday morning, it is at $5.01 on average, and there are 21 states in this country, plus d.c., that are already at the $5 level. consumer inflation hit 8.6% last month. tomorrow, we get the producer price index, and there's talk we could hit 9% inflation. interest rates are rising. look at the yield on the 10 year treasury. it's all the way up to 3.27% this morning. not to be too technical, but for a time this morning the two- year yielded more than the 10-year, that's considered a recession signal. the federal reserve has to deal with this. they meet tomorrow, and again, there is talk of an immediate rate hike maybe 75 basis points, three-quarters of 1%. nothing worries the stock market like a big rate jump, so s

this is "the faulkner focus" i'm dagen mcdowell in for harris.

dagen and liz, great to be with you both this morning. have a great weekend, everybody. we'll see you tonight on "wall street." "varney & company" begins right now. stuart: all right, good morning, everyone. where's the bottom? are we there yet? another after dreadful week for stocks, you are entitled to ask when does the pain stop. here's latest market action in the friday morning. the dow, remember it was down another 800 points yesterday, thursday. it's up just, what, 93 points as of right now premarket. i don't call that much of a bounce. the s&p, same story, up mere 17 points after a huge loss yesterday. and look at the nasdaq. it was down four full percentage points yesterday. it's up, what, 78 points this morning? .70%. again, that's not a bounce. gives you a sense of the anxiety in the market. you are looking right now at the flight to safety. investors piling into treasuries, pulling the yield down. look at that, 3.21%. 36 hours ago that yield was close to 3.5%. that is an enormous move. cryptos, bitcoin made another run just above $20,000 earlier, now t at $20,

dagen, as well, has enjoyed these great seven years. a big thank you to the staff the, the producers, everybody involved on this program and a thank you to our viewers and our fantastic contributors. that means you, mark tepper, and we appreciate you, rebeccah heinrichs are. thanks for being here. "varney & company" begins right now. stuart: we appreciate you with, maria, we really do. and good morning to you. congratulations. good morning, everyone. look, i was going to start with gas prices. yeah, they are up again. but i'm not going to do it. i want something uplifting, something joyous. so look at this. the sun is shining in london, and the four-day platinum jubilee has begun. 70 years on the thrown, the -- throne, the longest reign in history. 90 years old and much loved. strange, isn't it? a republic so interested in the british monarchy? by the way, harry, meghan and prince andrew did not make it onto the ball conmy. the queen did, and -- balcony. and she looked great. gas prices, regular up another 4 cents overnight to an averag

dagen: i can explain in five seconds i can explain what he is talking about all inflated assets whether tech stocks even crypto, how much debt is behind those seats? how much money was loaned by banks and other services financial services companies behind all of those assets that are collapsing? . >> there is the numbers down almost 500 on dow thanks, everybody have a good weekend i will see you tonight on wall street "varney & company" begins stuart: yeah, but you've got to do it. good morning, maria, and good morning, everyone. yeah, we have some warning that the inflation numbers be bad, and they are bad. price hikes are not moderating. we are in an inflationary spiral it's not over. in the last year, consumer prices have gone up 8.6% that's the biggest jump since 1981 and that is a pick-up in the pace of inflation, a clear threat to the economy and this is the inflation you see everyday. gas prices up again. the national average just shy of $5. $4.98 is the national average. odds are that wherever you are in this country you'll be paying $5 a gallon this weekend. another high for di

maria: a big thank you to dagen mcdowell and mark tepper. have a great day, everybody. "varney" & company begins right now stu take it away. stuart: good morning, maria, and good morning, everyone. jay powell pulled the trigger, rates up 75 basis points and he's hinting at more big rate hikes to come and now we're seeing stock market sell-off. investors not convinced that power can crush inflation without crushing the economy too , and central banks all around the world are raising rates, as of right now. the dow going to be down about 500 points at the opening bell, up 300 late yesterday, down 500, right first thing this morning. the s&p also going to be much- lower and the nasdaq probably showing the biggest loss of the morning. it was down over 2% yesterday as well. big tech that's leading the market lower. rising rates not good for the big cap growth stocks and down they all go, every single one of them. crypto investors, you better look at this. bitcoin on the edge of 20,000 bucks a coin, again. crypto still struggling. we have yet to see a sustained rebound from t

dagen, as well, has enjoyed these great seven years.per, and we appreciate you, rebeccah heinrichs are. thanks for being here. "varney & company" begins right now. stuart: we appreciate you with, maria, we really do. and good morning to you. congratulations. good morning, everyone. look, i was going to start with gas prices. yeah, they are up again. but i'm not going to do it. i want something uplifting, something joyous. so look at this. the sun is shining in london, and the four-day platinum jubilee has begun. 70 years on the thrown,

dagen mcdowell was on yesterday on the channel with mark levin last night and talked about this administrationk jimmy carter as well. watcher. this jimmy carter started using deregulation toward the end of his term. knowing what a hardship inflation was like deregulating the price of airline tickets. this administration is so entrenched and so driven or strangled by their own left wing in the i'dcology that they can't even let go of that they can't give one inch to alleviate the pain that all americans are feeling. that's how -- that's the world of insanity. cohorts live. in. >> brian: thing that's most aggravating he keeps on, i think on some level seville phiing oil and gas at the same time is he responsible for the fact that oil and gas is so expensive. inflation is a global phenomenon. i understand that. but almost every western power has higher inflation outside the u.k. than us. then you look back at oil and gas and vilifying the people. pointing a finger at them. saying that they are the issue why you are paying over $5 for gas, while you are heating your home or using ac is costing mor