k. 's role supplying ukraine early on with weapons at a time. well, it's whether european capitals, the least as seen from keith, was still basically planning for a russian victory and didn't have a lot of faith in ukraine's ability to fight this war and say, this announcement of the training for fight pilots is very, very welcome. yesterday we had the german defense minister boys per stores in town, talking about tanks, some of which would only be arriving at the end of $23.00 early $24.00. and people here already basically calculating, factoring all that in and they're thinking further. so this is a very welcome announcement. it's kind of a breaking of a to bu after other leaders, german shouts, lola shot grow. so u. s. president joe biden, that basic dismissing the idea of says, sending, sending weapons of that kind so that it's very, very welcome and something that people, i think you were expecting, given the constraints those ties. now does it training i fur fighter jets. but zalinski is also been asking for delivery of fighter jazz. do yo

k. s. on those who believe that's possible conflict in 60 many with say what grade level we will i'm bringing you ever maximus space that i'm very familiar with best audio school sessions, annual cash and show and it is. but as, as the models are getting ready to start this stuff, the a is a leg check as last minute changes are happening in the background and it is a big day for the student.

color commentary about folks saying joking perhaps in a very non, non-loving fashion that their 401(k)sust stocks got hit, but bonds got hit as well new data is out from fidelity they administer a lot, millions of retirement accounts for americans and they have a good view of things their data shows the average 401(k) balance in america at the end of last year was just around $104,000 that's a 23% decline over the same time last year. not unexpected, given the route that we saw in bonds and stocks. but there is perhaps a little bit of a silver lining in the whole process. if you look at what's happening with the overall picture within those 401(k) balances, we still do have around 13.7% contribution rates, which means people, along with their company matches, are still saving around 13.7%. now that is just a hair below the 15%, 15% that fidelity experts at least advise their clients to save in terms of their overall kind of 401(k) balances and what is even perhaps a little bit more encouraging right now is that oftentimes people will take hardship withdrawals if they face a certain situ

that affects the retirement savings of people who have 401(k)'s, ira's. it's going to be, as mark zandi, hardly an extreme person, hardly a progressive liberal, said, it's going to be bedlam, and that probably is the most important -- appropriate word. so, we say to leader mccarthy, speaker mccarthy, we say to our republican colleagues in the house and senate, the debt ceiling should not be a bargaining chip, because people's lives are at stake. families' incomes are at stake. people's jobs are at stake. retirement benefits are at stake. that is why, in the past, under democratic and republican presidents, we have passed -- raised the debt ceiling without brinksmanship, without coming right up to the line and going over it. we must do that again. no hostages. no brinksmanship. let's get this done. our view, they ought to show us their plan. we don't believe they have a plan that can actually pass with republican votes in the house, but that's the first step to moving forward. but when they realize how risky this is and how it affects average americans, i

least for these higher income consumers who are the people who are putting aside money in their 401(k)seem to be a little more conservative. they are stocking money away. that's what we'd like to see for both near term economic indicators and americans long-term financial security as they look toward retirement. >> katherine, thank you as always. >> thank you. >>> still ahead, the ntsb says that toxic train derailment in ohio was 100% preventable. we're learning new details about what may have caused that accident. sometimes- you just want to eat your heroes. the e subway series. the greatest menu of all time. hi, i'm michael, i've lost 70 pounds on golo. i spent thousands on other diets that didn't work. on golo, i spent a couple hundred bucks and got back down to my high school weight. you're not gonna believe this thing is possible but it is. (vo) if you've had thyroid eye disease for years and itchy eyes have you itching for a fight, it's not too late for another treatment option. to learn more visit treatted.com. that's treatt-e-d.com. need to be at your best? you need an antipersp

shouldn't would he be focused when it comes to 401(k)s investing funds we can make the most money tosolutely. americans don't want their retirement politicized. they don't want politics as part of their retirement portfolio. they want financial performance. they want investment returns. this is especially true given the fact that there is a $3.8 trillion gap between the amount that americans have saved for retirement and what they are estimated to need in retirement 8 out of 10 americans are concerned whether or not they will be able to afford a comfortable retirement. now is not the time to put politics or climate or social justice or other political factors ahead of financial performance in 401(k)s and other retirement plans. >> ainsley: congressman, where does this go? i know you will get the house. joe manchin son board you will need another democrat. if it does pass the senate it goes to the president's desk and he is expected to veto it. >> we expect the senate to be able to pass this bill. we are going to pass this bill disapproving this department of labor regulation that wou

s. r o k alliance. at the treaty sunny 70 years ago, south re, his foreign minister pune remarked that he was sure and i quote, this written bond, a solidarity would bring joy and encouragement to all friends of freedom, secretary se dallas said that the alliance was in a quote, firmly dedicated to peace for the past 7 decades are alliances indeed sustained peace. and with the progress that we made to day, i'm confident that we've taken another step toward a more secure and prosperous future to the benefit of the people of our countries of the no pacific. and of the world with that gin over to you or thank you tony for your warm remarks and for welcoming back me back to washington. i would also like to thank your support team for arranging today's meeting. this year marks as you sat, the historic 17 anniversary of the r o k u s alliance. and i'm delighted to kick off eo, long commemorations with my good friend, secretary of lincoln. the r o k u. s. alliance is one of the most durable and successful alli

her until senior struggles with it could yes, a new bundle for k s. and i'm a net, i think you're not in it, but i got a bottle of says to your level, you'll be net or some guns. but i wish as mrs. toyota luwanda in texas, you bundle me, come with you. when i'm a little girl, a single the lemon young lady called dunham community. lackey. utica premera key. this was a guy to kenya medical. uh huh. i buddhist until the quickbook and yeah, america and i rather i will side on day. yeah. he not been yeah. call me then and he mentioned us intronis he, george was hoping that a senior this quest in those mean threats. if we put a yeah. he letter is happy. georgia has cut the armika. he had to work on ego. voluntary call me. mm. okay. me see close to now the must. so no point. good. no god knows how you go. now you know how you think that it almost oh no, no you lose how you go. ah, it isn't is excel, are you about it? oh because i be, i live like that night because you francisco there were no but a book it's ah lawyer. so he can is to say that made you oh no

i don't to those seniors boggle's miss guessing you bundle for k s, and i'm gonna look in it. but after a battle of so see you're not going to the nettle, it's got a. ready let me come, would you, would you and i'm a little rather cynical, the lemon law hicho dunham calling you back a year to reca premera key. this was a guy tanya, medical us america buddhists. in total quibble and yeah, america i'm, i rather i wish i don't day. yeah. you know, can you call me then? and you mentioned us intronis e jolla so bit there is angles expressed in those meters if we put a hillary, scotty, jurors had their maker. he had to wiggle me go voluntary. co. mm hm. okay. me see host now the must. so no, no, not you know how you go now you know how you think that it almost all. now you know that you go ah, it isn't is excellent. you about it? oh, because i be, i live like that night because he francisco there were no but a book. we haven't adopted it. ah. oh no way i tell you come is this in the middle. oh no, that was that? oh no, it hasn't been yet. oh, this is an amazing note. ah, need an ans

and you bundle but k. s, and i'm a net, aren't you? not in it, but i got a bottle of says he, you'll never use the net or some guns, but i wish as mrs. toyota luwanda in texas, you bundle me. come would you, would you lemme rather cynically lehman yan vehicle don't clunky lucky. utica premera key. this was a gut tanya. medical. uh huh. i buddhist until the quickbook and yeah america them. i rather i wish i don't day. yeah. he not done yet. call me then and he mentioned us intronis he, george was hoping that a senior this wes, in those meter is if we put a yeah. he letter is copy. georgia has cut the america. he like to work on ego. voluntary call me. mm. okay. me see host now the a must so no, sir. no, not. you know how you go. now you know how you get it almost all. now you lose that you go ah, it isn't, is excel or you about it? oh, unless it might because you francisco bill or not, but i thought we heard about it. ah, let tell the customer is this in the middle. oh no that was that? oh no, it hasn't been yet. oh this isn't a movie o

yes, if you bundle or k. s, and i'm and then i think you're not in it, but after a battle, she says, you'll never use the net or some guns. but at a business for the internet that i live under a condo. mm hm. would you would you know, my little guy that a single, the lemon young lady called dunham community like a utica marquee. this was a guy tanya. markus, elis hm. at i buddhist until the quickbook and yeah, madica's am i rather i wish i don't day. yeah. he not been yet. call me then. and he mentioned us intronis eve join us will bet there is. i knew this west in those military if we put a yeah, he larry's got, they just cut their maker. he had to work on ego voluntary co. mm hm. okay, me see quote, to not be a math. so no, no, not, you know how you go now you know how you did it almost all. now you know, so you go ah, it's isn't, is exterior, you about it? oh, hang this might, it might because he francisco there were not but a book that we haven't adopted it. ah, oh no way i tell the customer is to say that

put k s in a minute. i think you're not in it, but i got a bottle of says to, you'll never use the nettle. it's got a business for the internet that i live under a bundle. mm hm. would you, would you know, my, the rather the sink with the lemon young le hicho dental community. lackey. utica. marquee. this was a guy, kenya. marcellus hm. i wrote us into liquid pool and yeah, america. and i rather i wish i don't day. yeah. he not been yet call me than any mention as intronis. he georgia. so back there is. i knew this west in those mean threats if we put a yeah, he let us cut. they just cut the armika. he had to work with me. hope voluntary. kwame mckay, me see course now the must. so no one can know cannot you know how you go now? you know how you think that i'm a solo now you lose how you go ah, this isn't is excel or you about it? oh, unless it might take us to francisco or not, but i thought we heard about it. ah leon, so he can. is this in the middle? oh no, that's with oh no, it hasn't been yet. oh, ma

put k s in a minute. i think, you know, can it. but after a battle, she says, you'll never hear the net or some gunshot. i wish as mrs. leon at about 11 the bundle, me come will you will you and i'm a little rather cynically lehman, yan vehicle don't community lucky utica marquee. this was a gut tanya, markus, elis, amera, buddhist, until the quickbook. and yeah, madica's am i rather i wish i don't day. yeah. he not been yet call me than any mention as intronis eve, georgia. so bear that i sang this quest in those mean threats? if we put a yeah, he letter is copy. the order has cut the armika. he had to work on ego jolen, terry. call me. mm. okay. me see of course now the must sign off for good news. now do you know how you go now? you know how you got it almost. oh no, no, you know how you go ah, it isn't is excellent. you about it. oh, because of young lists like that mighty cost you francisco. oh, there were none but a book bill we haven't adopted it. ah . oh no way i tell you cutting is to say that amid you. oh no, that's what

okay, customers, s k from i n g. thank you very much for bringing as your expertise. now let's take a look at some of the other global business stories that are making the new british joy and oil giant shall have posted nearly $40000000000.00 a profit for 2020 to doubling. if any is compared to a year earlier, it's storing energy prices. the company also announced the record for the quarter profit on the $10000000000.00 exceeding analyst expectations. and matters. shares jumped almost 25 percent after the company reported better revenues than expected for the 4th quarter. 2020 to the tech giant, which owns facebook, instagram, and what also cut it's expensive outlook for this year by $5000000000.00 and announced additional $40000000000.00 or share buyback on that. let's cross to our financial correspondent in new york in the quarter against the new york stock exchange for me. why is method done better than people that were expecting? well robin, the good question is also, why is the stock come up so much? i mean, clearly it got to hemorrhage in the past year, but actu

k. 's high court. the barrister says it's hard for the saudi military to avoid committing war crimes, but blamed it on the yemeni rebels. who said tactics made it difficult for saudi arabia to operate within the principles of international humanitarian law. they were no uniform, haven't any differentiation in their vehicles and deliberately you surveillance and civilian infrastructure as shields. the court case began after a u. k based angio, the campaign against arms trade brought legal action against the government over its lucrative arms. sales to saudi arabia, re adds, military has been accused of committing multiple war crimes during its 8 year intervention in yemen. civil war, however, london and its defendants insists the u. k is not a party to the conflict since 2015. the u. k. has license at least 8000000000 pounds worth of military aid to saudi arabia for use in yemen. some estimates say the actual sum is much higher, and if all additional licenses are taken into account, the real figure coul

k. 's attitude towards the possible delivery of also of aircraft to the ukraine. thank you so much for that. update that the dw correspondent bargain must in london and for the view from ukraine, i asked the w correspondent, nick connelly and keith about the reaction there to the landscape trip to the u. k . well, definitely a lot cheaper here. thing this is long overdue, especially given the u. k. is roll supply ukraine early on with weapons at a time where lots of other european capitals, the least as seen from keith, were still basically planning for a russian victory and didn't have a lot of faith in ukraine's ability to fight this war. and say this announcement of the training for fight pilots is very, very welcome. yesterday we had the german defense minister, both pastors in town talking about tanks, some of which would only be arriving at the end of $23.00, early $24.00. and people here already basically calculating, factoring all that in their thinking further. so this is a very welcome announcement. it's kind of a breaking of a to bu after other leaders,

k. 's relationship with the european union. the net for the last few years, a very tense relations can we say that we are now firmly putting those bad things behind us? those of us who've been following back said for the past 7 years. as you said, brenda, really there was a lot of talk to break the impasse over northern ireland as like squaring the circle. and the question is, is this the day re, she soon are definitely has a success underway? he had a different approach. he didn't threaten the european union, like some of his predecessors. he wasn't aggressive, he sort of tried to get a pragmatic deal over the line. and the you actually did grand, quite a lot of concession. so something that other british prime ministers had demanded they had demanded that goods that remain in northern ireland would not have to undergo checks that they would, you know, could just go into northern ireland. the other british prime ministers have demanded that, or had suggested that. but now the e u has made this major concession. so it's not the

we told you about the new climate investment rules for 401(k)s. pushback in the senate. is that true? ashley: every republican senator and democrat joe manchin aimed at terminating president biden's new esg rule, resolution could be introduced as early as today. critics claim biden's esg push is jeopardizing retirement savings for millions of americans for a political agenda. republican senator mike braun telling them the last thing we should do is encourage fiduciaries to make decisions with lower rate of return for ideological reasons and that's the point being made. they filed a federal lawsuit against the biden administration over this esg rule. stuart: thanks. still had the retired navy seal jaco willing joins us. david burke will be here as well kennedy and royal watcher neil sean. 11:00 hour of "varney and company" is next. ♪ ♪ ♪ hi. i'm charlie kirk. i started turning point usa to do the work to help save america. right now, the world economic forum and global elites are planning the great reset. this is why i want to send you my exclusive

all of those millions of people with 401(k) s and pensions are doing far better than they have ever done before with increases of 60, 70, 80, 90 and 100 percent, and even more. jobs and investments are pouring into 9,000 previously neglected neighborhoods thanks to opportunity zones, a plan spearheaded by senator tim scott as part of our great republican tax cuts. in other words, wealthy people and companies are pouring money into poor neighborhoods or areas that haven't seen investment in many decades, creating jobs, energy, and excitement. this is the first time that these deserving communities have seen anything like this. it's all working. opportunity zones are helping americans like army veteran tony rankins from cincinnati, ohio. after struggling with drug addiction, tony lost his job, his house and his family. he was homeless. but then tony found a construction company that invests in opportunity zones. he is now a top tradesman, drug-free, reunited with his family, and he is here tonight. tony, keep up the great work. tony. thank you, tony. our roaring economy has, for the first

mutual fund company vanguard saying a record number of people took hardship withdrawals out of their 401(k)s last year. vivek. white house press secretary said that president deserves credit. let's see what the twitter facilitie followers think. >> they deserve as much america, as the culture they created, we in for a tough time that was self-inflicted damage by policymaker, unlike the last time we raised rates to fight inflation that happened under volcker with president reagan. add least we had president reagan's policies againsts backdrop of that with government policies, and tax cuts, it was not a double whammy, but now we have to raise rates to fight inflation on the backdrop of biden's policy, hard times are ahead. but i am optimistic, i think we can rediscover who we are on the back side of that hhardship. now i think hopeful we can learn the lesson to say hardship does not have to be same thing at victim hood, hopefully we come out stronger on the other side, there is no hiding from side effects of bad policies. elizabeth: let's watch the president. he is -- you will see him falsely

slowdowns bear markets stocks return to rightful owners, i was pleased that last year we saw people in 401(k)sn't sell, smart, continued to invest dollar-cost average guess what coming out on top of. jackie: it was hard but smart thing to grin and bear it. >> president biden saying the economy is working not sure working for he thinks working for somebody having said that you've got fed planning to raise rates futures market pricing in 25 basis point rate hike the next fed meeting, rates on the rise inflation 6 1/2%, you know, probably going to see a fed that raises more to cool jon market people getting laid off, who exactly is this economy working for? >> i think up only i think going by this, alice in wonder land what is up is down, down is up fund-raising to most people for most if they go through economy pulling back seeing process go up wages not go up spent some stuff they may have saved, now i think what we're seeing long term people looking at if they want to expand interest rates going up, adjustable rate mortgage rates going up going to affect every business important to most people

and, their 401(k)s are crashing because the economy is so good. good luck with that.ean, people are really getting tired of having to sell blood plasma in order to go to the grocery store. and from where i sit, looking at president biden's agenda for almost two years now, to paraphrase one commentator, he has been pushing on a door that currently says pull. [laughter] >> and we -- the american people deserve better. and the people of my state in louisiana deserve better. so, keep that in mind when you're listening to the president's words tonight. words on a teleprompter. >> jesse: we'll keep that in mind and we love those people down in louisiana. thank you so much, senator. >> thank you, jesse. >> jesse: well, the democratic party is officially trying to surgically remove kamala harris from the ticket. ♪ my name is wendy, i'm 51 years old, and i'm a hospital administrator. when i talk to patients you can just see from here up when you're wearing a mask. and i have noticed those lines beginning to really become not so much moderate but more severe. i'm still wendy an

k. maricia and the u. s. prepared to seek your students are apprehended, but a lawyer on the boat could help sort of, you know, make sure that your rights are being respected every step of the way. that if we think about hello, yes, which, why don't we, we take on bullets you. but if i get arrested, i can't help you. if you're picked up by the american forces, they could charge you with some sort of espionage act or some treasonous act. i'm trying to infiltrate a u. s. base, and if they were to get you 300 miles off shore, then granted, they haven't, they haven't total. a reason to believe you're trying to get on the base. you're doing some sort of active direct activism that you're trying to get on the base and trying to sneak on the bait and that concerns me because it would leave you very little opportunity. and it'd be a great risk tier to your safety honestly for you to challenge them so openly. if you were to, to try to escape them, they'd forgive me, but they would hunt you down. they would, they woul

k. agreed with united states to make the british indian ocean territory available for the defense purposes of the u. s. and the u. k. and the chic austin, people were removed from the islands. we must, however, now look forward not back on decisions about the future of the british indian ocean territory. the government has now considered all the available information and has decided against the resettlement of which gulshan people on the grounds of feasibility, defense and security interests, and the cost to the british taxpayer. the costs of being estimated to, to vary from anything between 55000000 for a me a 50 people going back to anything like 256000000 pounds for one and a half 1000. it would then also trigger the obligation of her majesty's government to pay on an annual basis, the costs of sustaining the population. and in fact, when there is no hospital available, no, no care urgently that can be delivered to people. it is in my view, unsustainable to expect a community of any such size to exist in such a setting. santa rosa, mister speaker bridges should go. seasons should have the right of

we have to be concerned about our seniors and people with 401(k)s.be socialism as the government taking over your private lives and businesses. but it's about public education. again, i'll say it over and over again, it's about social security. it's about medicare. it's about the fire department. and who is going to respond. so this is irresponsible and it doesn't make good sense. let's get down to health care. if let's make sure we prepare for the next covid-19 and a opinion dpandemic. let's make sure we're doing the kind of work that will benefit the citizens of this country. they are irresponsible in the way they are approaching starting out of the new congress and i act absolutely concern ed about whether or not they are going to continue in this method or whether they are going to get down to business and do the work that their constituents elected them to do. i'm trying. in my committee, as the ranking member of financial services to get rid of home llessness and t provide affordable houses and homes for those who cannot afford to pay the incre

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something for themselves to retire upon so they can happily finally retire, people look at their 401(k)sle to retire? >> amy: it's gut wrenching. some of these people it's exactly as you said, that they have spent decades of their life devoted to something thinking that the outcome is going to be different and now to change the game is completely unfair. pete buttigieg this is not the first time he brought the race card. if we go back to the book, the power broker and how he has brought that time and time again and it is exactly what you say, emily. it is basically red tape because we know what's behind the concept here it also if you look at the plans, one of those for birmingham and the bus line that's going to go through birmingham, alabama, that actually goes through black neighborhoods, but that is an opportunity for nearly everyone in birmingham to be within a half-mile of a bus system. the opportunities that that opens up for people of all races and all ages and all abilities is incredible. and that in itself is going through a black neighborhood so to act like that is something t

putting people's 401(k)s and the full faith and credit of the united states and our standing in the worldtable. >> congressman fitzpatrick, a major hurdle in this debate is republicans in the house can't seem to agree among yourselves on what you want. what specific spending cuts would you like to see as part of any debt ceiling deal? >> thanks for having us, jake. what i would like to do, and this is my proposal. we'll see where we ultimately land with our bipartisan group that josh referenced. i'd like to go to the 1917 debt law itself that established the debt ceiling. rather than have a numerical dollar amount which doesn't make sense, we raise it every other year. convert it to something like a debt to gdp ratio. have a cure period after. if that cure doesn't occur, certain guardrails go up on discretionary spending. we cannot allow our country to default under any circumstances. with very a debt-to-gdp rash show that exceeds 100%. that's occurred two times in our nation's history, florida war ii and now. that threatens the valuation of ur currency and risks our competitiveness with

and like most people's 401(k)s, a very rough year last year.to push that aside because he hasn't sold any of that, is so it's really only paper losses, correct. >> >> yeah, just paper losses. and i think the paper losses were maybe half of the paper gains the year before which he also told everyone to ignore, so he's not playing one side and ignoring the other. liz: are let's get to what he said about share buybacks. the biden administration does not like them. they feel -- and president biden just said during his state of the union address that he wanted to quadruple the tax, which is currently at 1% on share buybacks. big companies like a lot of the oil industry have come in with record profits and, of course, you have got the democrats saying this is an outrage, ask we need to tax these shareholder buybacks -- these share buybacks because they feel that the money could be better spent paying employees. where do you stand? buffett obviously says, you know what? if i want to buy back my shares because i think they're undervalued, you're an idi

stuart: a lot of people are going to be looking at their 401(k)s this morning. >> two upgrades, a buy at citi, also bank of america, both of them increase their outlook because of cost controls. yesterday they talked ab a 10% of their office -- layoff of their office and directors, the more of a white collar -- stuart: it's all a go. susan: there were some great earnings i wanted to get throug- stuart: next hour. coming up, a border county in arizona sounding the alarm on the border crisis. watch this. >> i have personallying experienced the good, the bad and the ugly of being a border county. currently, this is the ugliest i've experienced. when i look at public safety, national security and humanitarian on our southern border, this is the largest crime scene in this country. stuart: that sheriff, mark daniels, is going to be the here to tell us what it's like on the border later in the show. >>> speaker mccarthy pledged last year to bar ilhan omar from the house foreign affairs committee. does he have the votes to get her off that committee? the vote comes lat

a record number of americans are now cracking into their 401(k)s to keep them afloat because they areing so badly to make ends meet. with inflation running rampant. let's bring in charles payne, host of making money on fox business. ok, i'm going to play devil's advocate here today. you've got the stock market rallying, ok, you can point to signs that inflation maybe has peaked, ok, growth is still happening, all right, but, and some of the calls for recession seem to be not happening right now, let's put it that way. what say you about the economy? will biden be able to lean into the economy for his 2024 message? >> he better lean now. he better lean as fast as he can. it's -- we got to make a distinction between the economy and trillions of dollars in free money. we do need to make a distinction. >> sandra: fair point. because we were handing out money during the pandemic, right, to those that needed it, and those that didn't need it and were getting it, they were stockpiling it, savings were building, ok. >> saving were building, it was an amazing party, like the ultimate party, li

many more people invested have exposure to the names whether they know it or not through the 401(k)s, through the pension plans they are benefiting from that. i think it's good at the moment when companies announce big buybacks because they can't find better places to invest some of that capital. they want to return it to shareholders. i think that is a good thing. i'm in the warren buffett camp. i think bernie sanders and the like are way too far left on this idea. every time this happens bernie sanders is benefiting too. who is kidding who. he is making hike he is only one left out of the party when he is not. i think it's statement about the, about certainly the health of some of these companies and the fact they're going to return this money to shareholders and everyone benefits. i'm absolutely in that camp. i think it is great. neil: it is the company's money, the shareholders money. >> that's right. neil: they can do what they please, whether you like it or not. we'll see what happens. always good seeing you, my friend, kenny polcari on all of that, with the dow down 150, 160 po

americans deserve their 401(k)s, their retirement plans to deliver maximum returns, financial returnsical manner to advance social, environmental or political causes. in many cases causes with which they disagree. >> ainsley: what are some of these investments that i might in my 401(k) or anyone watching might have that we will no longer be able to invest in? >> any kind of etf or mutual fund invested in energy stocks is going to be subject to discrimination as a result of this rule. and this is a real problem. especially when you have the stock sell off like we saw last year where these esg funds under performed the broader market. they under performed because they were, by definition, less diversified. they were heavy in tech stocks and this was a tech-heavy sell off and they were light in energy stocks. energy stocks overperformed the market substantially. so when you are looking at these undiversified, less diversified etfs those are precisely the kinds of fund, these esg funds, precisely the funds you don't want to be invested in last year. it e. there was an important study ains

we're referencing people dipping into 401(k)s. people have no money.t happens when people get laid off and you start to see that trickle down in the economy, right? that is double-whammy situation. the soft landing narrative, i don't get the narrative. i don't think it is probable to happen. a lot of layoffs will not show up until the end of q1 or q2, you need to remember higher paid tech jobs had very nice severance packages attached to them. it will take three months for those to filter through the economy. there is some good news. there was a great resignation and great poaching 2020, and 2021. all large corporations stole top talent from small business. there is evidence small business is actually the part of economy holding up the labor market. all the layoffs occur in the large corporations. small business hired back some of the talent they lost. this is a great time sign for long-term economy. bad part, short term makes the federal reserve's job harder. that means more rate hikes, keeping it higher for longer. neil: gentlemen, thank you in the m

and, you know, 401(k)s take a hit when bad stuff happens.d something like social security more than ever before. we used to have a lot of company pensions that were defined benefit. you got a certain check from your former employer. those have largely gone away. most people now, to the extent they have a retirement plan at all, it is in the form of assets which are very much at risk of market crashes. and the one solid source of reliable income that americans can count on in retirement is social security. and by the way, i have to say, you and i and people in washington don't really understand how americans live. for most people, social security is their retirement plan. >> yeah. >> there are relatively few americans that have much besides that. people do have some savings. they do have some -- some of them have retirement accounts. but social security is the bedrock. for most people, it is the core. and you say, well, we're going to try to convert that to something, you know, that is more like, you know, basically if you want to say it's li

stuart: fidelity, they say that retirees lost, what, 23% of the value of their 401(k)s last year.id the economy's in great shape. watch in the. >> i'm happy to report that the state of the union and the state of our economy is strong. >> 500,000 jobs and the lowest unemployment rate in more than 50 years. so what i see is a path in which inflation is declining significantly, and the economy is really strong. >> we got the economy back up and running. look, when you think about the economy, what the president has done is transformed the way we think about it. stuart: all right, brian, he says he's doing a great job on the economy, and you say what? >> of course it's great for him. he's got more of your money than ever before, which is exactly what he wants. i notice janet yellen was talking about inflation on february 6th. i'd like to hear from her today on the latest numbers, because the latest numbers were really, really bad, and they hit retirees. by the way, we're talking about social security, who because inflation hit worse? those on a fixed income, retirees. so when this pre

s. was backing the y p g, which is the syrian arm of the p k. hey, which turkey has designated a terror organization? there seems to be some fundamental differences between this coupling. where do you see this relationship going in the next few years? right now, i think the relationships going to be on hold for a little while. and when i mean on old is it seems that divided administration is waiting for church selections to be completed until any theories diplomacy is going to be undertaken. and the sad part is after turkish elections, whoever is in government, whoever's in power will probably wait for the us elections to finish before they undertake some series diplomacy as well. so we're probably going to lose a year with both countries waiting and seeing who's going to be in power. come 202420232024. so we're going to lose a little time. but right now, the major issues as sixteen's 2 has been waiting a very long time for a sale that should normally be a formality between the united states in any major nato member country. we're seeing a lot o