great report, lydia hu. thank you very much.y it took president biden more than one hour to address the chinese spy flight during last night's speech. come back in here, lauren. what did he finally say? lauren: about an hour into the speech, seven lines on china , and just a small nod to the spy balloon. >> committed to work with china where we can advance american interest and benefit the world, but make no mistake about it. as we made clear last week, if china threatens our sovereignty we will act to protect our country and we did. >> [applause] lauren: that was the subtle reference to the balloon, and, you know, some were saying this is lack of leadership. china is arguably our most immediate threat. ashley: indeed and lauren, by the way what's china saying about this aircraft/balloon? lauren: you can't make this up. they want what's left of it back they continue to assert it was a civilian aircraft. it was a weather balloon. it just veered off track and the u.s. overreacted by shooting it down. okay, let's say you believe th

lydia hu has what to expect. hi. >> good morning. the hearing before the senate committee on commerce, science and transportation is scheduled to start around now. southwest chief operating officer is expected to apologize again for the holiday meltdown that stranded an estimated 2 million passengers over the christmas holiday. lawmakers will demand answers on why the budget airline was unable to adequately cope with the massive winter storm as it received more than $7 billion in covid relief funds during the pandemic. in his prepared testimony, the coo explains weather and scheduling software overwhelmed. the president of the southwest airlines pilot association will also testify and he is expected to blame the carriers' over confidence in plan flights and failure to modernize. >> our customers are starting to feel the strain. our pilots have been under strain. highest fatigue rates we've seen in years. so southwest does have a reckoning and they will have to address their systems, i.t. and processes. >> the testimony comes as the u

lydia hu on the cost of this if it does go through. lydia? >> hi, neil. you're right about that cancelled student debt being added to the national deficit. it's also going to drive inflation. the committee on responsible budget says cancelling this $400 billion of student loan debt will increase inflation by 27 basis points, something that we would all pay for. now many say the root problem is the cost to attend college, which is sky rocketing. most recently the average cost to attend public college is $21,000. that's up more than 200% since 1995. the cost to attend a private school is also surged up more than 160%. it's around 46,000 for one year. now, the rise in costs and attendance means that the federal loan balances have ballooned. federal student loan balance was about $187 billion in 1995. but now it's $1.6 trillion. neil, yesterday we hit the streets and we asked folks around new york city what do they think about wiping out student loan debt. we got mixed opinions. watch. >> it's not feasible. you shouldn't be getting a student loan if you don't

now we learn irs is setting sights on waiters waitresses's tips yes tips fox business lydia hu at a restaurantey covering the story lydia good morning. >> good morning, maria. this proposal by the irs, to track service industry tips, as you can imagine sparking outrage, among people that work at restaurants, including, from aimee russo we are joined by aimee is owner of toastrestaurant in montclair been here 16 years this proposal they say would be voluntary for restaurant owners would you participate in tracking of tips for certifiers very. >> no, we interest track our tips, again in our industry right now 99 1/2% credit cards, so those are put in the system everything is put through pawroll taxed accordingly i don't need to voluntary for another program. >> the bureau of labor stitts tipped workers making about 29,000 dlargs a year to give a sense what have type of income tiers would be learning about, tell us more about your workers who would they even be getting information about. our records mostly between 18 and 22 late high school through college, i am not exactly sure what they are loo

lydia hu with me now. what more do you have on this?now this memo, it's costing doubts on the administration's denial that it was considering a ban on gas stoves. we know this memo is dated october 25th. written by a gentleman named richard trumpka jr. and he was a commissioner with the consumer product commission and he said the agency should move forward with a proposed rule to ban gas stoves. he said "the need for gas stove regulation has reached a boiling point. well, we know, stuart, what happened next. the public heard about the plan in january and the backlash prompted the white house to say, it does not support banning gas stoves, but now the revelation of the memo showing that the cpse was considering this ban last year while it's casting doubts on the administration's denials. watch this. >> who is lying? white house, secretary, mr. trumpka? >> the president does not support banning gas stoves. the department of energy does not support banning gas stoves. >> there's another agency taking meameasures and action here. te departm

lydia hu for us, montclair, new jersey.ou. >> sandra: larry kudlow is here as promised, thanks for stopping here before your show tonight. >> thank you. >> sandra: is this a further sign that this administration is hurting the very group of people they say they are out to help the most? >> actually, yes, interesting point. lydia's report is right. this whole idea that they were going to go after billionaires and whatever, millionaires, they are not going to get them. they have very good tax lawyers, ok, they'll never touch them. they will wind up going after waitresses, waiters, cooks, cab drivers, who knows. it's all people in the gig economy, tends to be lower people, it's people that need tips, ok, you are not supposed to go after that stuff. it's a typical example, you know, liberals always want to go after rich people, and it always back fires on them. government intentions always backfire on them. >> sandra: bill cassidy summed it up like this. >> we always hear they need more information systems, billions, hundreds o

companies are investing in communist china fox business lydia hu here with a live report, on the wall to secretary of state pompeo mary kissel will join we get her reaction as well tomorrow new york gubernatorial candidated lee zeldin here don't miss that back in a moment. ♪ you got it -- ♪ ♪ that's, as has got me spinning around don't even try -- ♪ . what if you were a major transit system with billions of passengers taking millions of trips every year? you aren't about to let any cyberattacks slow you down. so you partner with ibm to build a security architecture to keep your data, network, and applications protected. now you can tackle threats so they don't bring you to a grinding halt. and everyone's going places, including you. let's create cybersecurity that keeps your business on track. ibm. let's create one in four americans have a disability. i'm one of them. i'm also a working mom who cares deeply about making sure every child with a disability thrives by getting their access needs met. early identification and early interventions are crucial and we've got a trusted ally and

lydia hu, is with me this morning. what did the report show?n increase from 2019 and showing impact of the stay at home orders for the students. before the pandemic, about a third of students started the school year below grade level back in 2019 according to the department of education. now, stuart, these findings come as states accelerate spending of federal dollars, roughly $190 billion in aid for education was allocated during the pandemic. before this current academic school year, states were spending roughly $2.2 billion for month of covid school relief funds and now it's more than doubled because funds are going to expire next year and that prompts another concern. for districts that have tapped the funds to address learning loss, the worry is now maintaining these educational initiatives like tutoring, super school and smaller class sizes. >> a third of students in a classroom is going to be near impossible. we're probably going back to the old way of teaching as just teach to the entire class. >> meanwhile some parents are draining the

lydia hu, thanks very much. the airline is saying that they will have a software a patch available friday that will prevent any of this from happening in the future. sort of like saying there's an app for that. there is a software fix for that. franchesca page has more. they seem to be saying, you know this industry better than i, that that software patch will solve this from happening in the future. is that right? >> it's to be determined. the big question everyone is asking, neil, is this just something that will happen to southwest or all of these issues we'll see that could be industrywide a problem and happened with other airlines. so southwest airlines pilots association president has mentioned and now has testified that for years he believes the pilots have been sounding the alarm about southwest in particular's inadequate crew scheduling technology and the outdated operational process. he believes these warnings were ignored by southwest leaders which led to this meltdown during the holidays. all the oth

but first, lydia hu with the back story. . >> the grand forks air force base is home to u.s. intelligence and top secret drone technology. that's a central reason why the proposed chinese-owned corn mill is drawing concern from the u.s. air force. the assistant secretary of the air force wrote in a letter to north dakota center saying "the proposed project presents a significant threat to national security with near and long-term risks of significant impacts to our operations in the area." the plans for a corn mill comes as chinese investment in american farm land is expanding. chinese ownership of u.s. farm land leapt more than 20 fold in a decade from $81 million in 2010 to nearly $1.9 billion in 2021. some say this puts america's food supply at risk. >> the chinese communist party has increased the holdings of farm land but 1000%. they own 1,300 ago processing companies. food security is national security. >> now efforts to stop foreign acquisition of farm land are underway, martha. 22 states are weighing legislation and a

lydia hu has been covering this story and, lydia, how does the irs plan to implement this? a proposal from the if irs for a voluntary program that would track tips from service industry workers, waiters and waitresses. right now there's a public comment period that goes until may, and after that business owners like restaurant owners could choose to be a part of the program. now, last week a spokesperson for the irs said in a statement the, quote, this is not a proposal for the auditing of servers. and they go on to say that the proposal for comment is based on over a decade of feedback from restaurants and other businesses seeking the increased flexibility for their overall tax compliance on tips. but, ashley, i had the chance to talk to the owner of this restaurant right here in montclair, new jersey. she says there's no way she wants to be a part of this program. watch. >> the irs could be focusing, you know, you hear in one breath it's going to be high net worth individuals, then you hear in the other breath heir going to be the looking into servers and their tips and r

. ♪ welcome back memphis police responding to shooting at shopping mall yesterday evening lydia hu withdia. >> hi, there maria two people are in the hospital, one remains in critical condition this morning a gunman opened wire at wolf chase galleria malpolice say shots rang out after a fight between two parties, now one man is in custody. paramount global announcing price increase for strategic service later to happen after company merges with showtime, the premiÈre plan will rise to 11.99 from 9.99 essentially plan without showtime going up a buck to 5.99, increases will take effect across all channel third party platforms am zorn roku apple a peek at paramount down about a percent. the family of bruce willis sharing a sad update on actor diagnosed with frontal temporal dementia, this nearly a year after the star retired in acting over an afascia diagnosis ex-wife writing on instagram this painful it is a relief to finally have a clear diagnosis, if he could day would respond bringing attention connectedness with those dealings with this disease, frontal temporal degeneration by progre

congress, next month in march to address security concerns, with chinese owned app fox business lydia hu covering the story, we want to hear what when tiktok ceo has to say. >> seems may be opportunity to dissaid lawmakers from passing a nationwide ban we are taking a look at mountains of data social media platform is collecting and storing from its more than 80 million monthly active users in the united states according to tiktok terms, services you can see right here all information that they are taking from each user information like your name your age your phone number, taking information from your devices, like ip address mobile carrier device model keystroke patterns devices connected to, also receiving your messages drafted in app even if you don't send them just in draft form i noticed they say saving messages that have been just composed taking payment information credit card details, when you give permission your phone contacts, if you have android requesting gps location at least once an hour, so just to kind of give a big world view what you like who you are where you are wit

lydia hu reporting for fox business. culver city, california, the latest place to make the move.e parents there saying? >> hey there, john, they are outraged and a lot of concerns to eliminate honors courses from the high school. they passed a resolution that said african american and black students are consistently under represented and gifted and talented education programming, honors and a.p. courses and went on to write that in 2022, opportunity gaps led to over half of school district african american and black students not meeting the state's english language arts standard and three-quarters of african american and black students not meeting the math standard. parents all agreed that the achievement gaps are a problem. but parents also say eliminating classes for high achieving students does not help encourage all students, watch. >> eliminating the honors courses, and of course one in this case are the a.p. courses, so it's disempowering the students, they cannot perform as well when they go in the a.p. courses. >> culver city is the latest to drop honors classes in the na

lydia hu is on that story. the future is here, lydia. >> the future is here.g about developed by a san francisco-based company called open ai. they formed in 2015 when sam altmann teamed up with elon musk and linkedin co-founder reid hoffman to get artificial intelligence that benefits humanity. there are now accusations of left leaning political bias. according to the daily mail when asked to write a poem praising former president donald trump the chatbot refused. on the other hand was able to generate admiration for president joe biden. then when asked to write a ten paragraph essay in support of fossil fuels it said i cannot fulfill this request it goes against my programming to promote fossil fuels. there are problems with the a.i. technology tweeting we know that chatgpt has shortcomings around bias and are working to improve it. but that statement comes as evidence comes to light of altmann's history of political donations supporting democratic candidates nationally and locally. he has donated more than 1 million to democratic candidates and organization

lydia hu at a bake shop this morning. how much more is it going to cost to buy sweets this year?ley. if you're coming to desert ladies here in new jersey, about 8 to 10% because the business had to increase their prices. we're here with gerald who is the co-owner of desert ladies. gerald, your price haves gone up but so have your costs. what's the cause? >> inflation. our costs have gone up between 22-26% and we've reluctantly raised our prices between 8-10% at the beginning of the year because we had to. everything has gone up. the price of eggs, all our ingredients are raw ingredients and there's nothing that hasn't increased quite a lot. reporter: a lot of people will be spending more this year, about $17 more per person on average. how are your customers reacting to increased prices? >> they've been good but they're also buying less than they did before. not as big of quantity and not as -- they're still buying but not as much as they had been. we can definitely see since before christmas, the downturn. they've cut back. reporter: i just want to end on a sweet note, ashley, h

lydia hu has been doing the background, the research and tells us who it is. who is it, lydia?ancisco-based company called open a.i., it formed in 2015 when sam altman teamed up with elon musk and linkedin cofounder reid hoffman. their goal, to develop artificial intelligence that benefits humanity. but now there are accusations of left-leaning political bias. for example, according to the daily mail when chatgpt was asked to write a poem praising former president donald trump, the chat bot refused. but it was able to generate a poem of admiration for president joe biden. then here's another example if for you. when asked to write ten paragraphs in support of fossil fuels, the chat bot said, quote: i'm sorry, but i cannot fulfill this request as it goes against my programming to generate con end tent that proconcern contents that promotes the use of fossil fuels. now altman recently acknowledged problems with the a.i. technology tweeting, quote: we know that chatgpt has shortcomings around bias and are working to improvement -- improve it. but the statement comes, ashley, as ev

here's lydia hu who joins me now.>> we're learning more about this man named sam altman. he's the ceo of open ai that is behind chat gpt, this company formed in 2015 when he teamed up with elon musk and reed hoffman. their goal was to develop artificial intelligence that benefits humanity. now we have examples of left leaning political bias and they're mounting. the chat bot won't praise former president donald trump. it won't define woman. when asked to write an essay in support of fossil fuels, the chat bot says "i'm sorry, i can not fulfill this request as it goes against my programs to generate content that promotes the use of fossil fuels." now, just today, open ai the company issued a state addressing bias and said "many are rightly worried about biases in design and impact of ai systems. we're committed to robustly addressing this issue and being transparent about our intentions and progress." but now as the company works to improve the chat gpt format, we're learning more about the ceo and altman and his histo

maria: about time, lydia thanks very much lydia hu joining me right now if heritage foundation senior the author of the 100 year that are money china's secret strategy to replace america as global superpower a must read excellent book michael pillsbury is here thanks very much for joining us this morning, first your reaction to lydia hugh's report i want to get your take on all of china communist china actions, but the we start with this power grab landgrab, to buy land near our military installation. >> very important subject, a good example of a larger problem, here an individual senator gets a alert from air force, late in the game trying to head off purchase of this land, what obviously, has to happen, this is known at least a year ago if not two years ago needs to be a law passed by both houses signed by president monitoring this or saying cannot be done, so many hundreds of miles away from air force base there is no the action by congress. the alert put up from air forces chilling air force work individual senators this will hurt u.s. air force if you he allow this to happen tha

we will be back with fox news lydia hu. ♪ ♪ ♪ what if you were a global energy company? india, and customers all on different systems. you need to pull it together. so you call in ibm and red hat to create an open hybrid cloud platform. now data is available anywhere, securely. and your digital transformation is helping find new ways to unlock energy around the world. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones hi, i'm katie, i've lost 110 pounds on golo in just over a year. golo is different than other programs i had been on because i was specifically looking for something that helped with insulin resistance. i had had conversations with my physician indicating that that was probably an issue that i was facing and making it more difficult for me to sustain weight loss. golo has been more sustainable. i can fit it into family life, i can make meals that the whole family will enjoy.

first to lydia hu with this story in new york. hi, lydia. >> hi, martha. this time we're seeing this happen in culver city, california moving to eliminate honors classes at the high school in the name of racial equity. the school district passed a resolution last week that said african american and black students are consistently underrepresented in gifted and talented education programming, honors and key courses. went on to write that last year opportunity gaps led to over half of the district's african american and black students not meeting the state's english, language arts standards and not meeting the mast standard. parents agree that achievement gaps are a problem. but they also say eliminating classes for high achieving students doesn't help encourage all students. they're eliminating the honors courses. those courses -- they're the on ramps for ap courses. so it's disempowering the students. they're not going to perform as well when they do go in the ap courts. >> other districts have removed honors classes. some have reversed course after parent

lydia hu with the details. >> two people in the hospital.ical condition this morning after gunmen opened fire at the wolf chase galleria mall. police say shots ring out after a fight broke out between two parties. as of now one man in custody. pennsylvania senator john fetterman has checked himself into the hospital to be treated for clinical depression. fetterman chief of staff saying while john has experienced depression often on drought his life. it o became severe in the recent weeks. fetterman's health has been at the forefront sensa suffered a e in october 22 and also hospitalized last week after feeling faint. finally youtube ceo susan announcing she will be stepping down after nine years on the job. explaining her decision and a youtube blog post saying the time is right for me and i feel able to do this because we have an incredible leadership team in place at youtube youtube chief product officer neil mohan will be her successor he has worked with google for almost 25 years nine of those at the home of youtube. we take a look at al

lydia hu with the details now. >> another train carrying hazardous material had derailed, this time in outside of detroit, michigan. police say there are no reported injuries and the area is not a hhazmat situation. at least six cars foal off the track. one car was carrying a toxic material and did not leak. the cause of the derailment is still unknown. this happening just two weeks after the devastating derailment in east palestine, ohio. we'll hear from a mother who has been forced to to evacuate her home later this hour, so stay with us. crypto giant binance reportedly transferred $400 million from its u.s. partner to a firm managed by its ceo. the transfers occurring over the first three months of 2021. binance's u.s. executives were reportedly unaware of the transfers. no word on why the money moved or if any customer money was touched and then there's this, tesla recalling all 363,000 u.s. vehicles equipped with the full self-driving assist software over safety risks. the national highway traffic safety administration saying based on analysis, the feature, quote, led to an unreas

lydia hu following it all for us right now. quick question, where was the ceo?ht, lawmakers asked about that, pointing it out. southwest told reuters that he had a previous engagement. neil: wow. >> reporter: in his place we had the coo, andrew waterson, he testified before lawmakers about the holiday travel meltdown that forced the budget airline to cancel more than 16,000 flights over that christmas holiday season. it impacts, neil, two million travelers. that is the estimate. neil: wow. >> reporter: the executive, like you said he apologized they messed up. they acknowledged that the airline had warnings from the pilots union, watch this. >> did the southwest airline pilots association warn southwest about the issues that led to the meltdown, yes or no. >> they warned us about some of issues part of the meltdown? >> why didn't you do anything about it? >> thank you, senator, we were addressing part of those issues. obviously unsuccessful with regard to crew scheduling investing in some areas. >> that is absolutely unacceptable. you were warned. >> reporter: s

lydia hu, inflation is sort of the buzzword odd. what can you tell us? >> reporter: yeah.g, liz, they may just make you cry on this valentine's day. we're getting an idea from today's consumer price index showing us that prices across the board, they're up for consumers compared to last year. can key, sweets up more than 12% in price -- candy. if you're planning to go out to dinner, it's going to set you back more than 8% today. why is all this happening? because businesses are still dealing with increased costs x for insight, i want to introduce you to co-owner of dessert is ladies here in new jersey. geraldine, you had to make a difficult decision to raise your prices by 8-10%. el the us about why that is. what's going into your costs? >> just about everything. everything from, as you can see, from our store we coa lot of chocolate. our chocolate prices went from about $105 a box to $1 # 3 a box, and it's not coming down. eggs, crazy. we went from $15 to 15 cousin to $90 every 15 dozen. >> and you make it -- it makes you nervous because it's kind of a luxury category. ho

. >> lydia hu he next hour of "mornings with maria" begins right now. . . maria: welcome back. good thursday morning. thanks very much for joining us this morning, i am maria bartiromo. it, we've got a hot you are a coming up thursday, february 16 top stories 8:01 a.m. east coast markets lower dow industrials down 56 s&p down 11 a nasdaq legislator by 45 as we look ahead to potential market moving economic data this morning, we are waiting on january producer price index, jobless claims, along with housing starts building permits out in 30 minutes' time, stay with us, the numbers are outer at 8:30 we will have them check market reaction, as they cross, meanwhile, earnings continue at this morning u.s. foods hasbro beat on revenue came in line with earnings per share paramount global double miswe second check stocks closed higher yesterday in the middle of earnings parade dow industrials up 38 nasdaq up almost 1% 110 points higher at 4:00 on wall street s&p 500 higher by 11 1/2, this, the congressional budget office with new warnings this morning, on debt, an raising debt ceilin

lydia hu's with me on this. don't they need permission to get this stuff?ownload the app and agree to the terms and conditions. stuart: fine print? >> reporter: exactly. it's all in the fine prohibit. and the big issue is for the minors on this app, can they agree to that fine print. we need to look closer to exactly what the terms and conditions say, and we found everything from your name, your age, your phone number, even your key stroke patterns, credit card details and even biometric identifiers like your face print and voiceprint. big picture here, this app tracks who you are, where you are, what you sound like, what you look like, who you're friends with and what you're spending money on. and here's something else that stood out to me. it said, quote, even if you are not a user, information about you may appear published by users on the platform. so if i appear in someone else's post, they could collect that information about me, it seems. so now this mountain of data collected about 80 million americans who use tiktok on a monthly basis, it's raising

lydia hu, we'll join you for more like a upbeat note like markets are. charles payne, "making money," will you get us out of bear market in the nasdaq? charles: on its way. i will do a lot. i will take it to the next level. finish what powell said yesterday. good afternoon, i'm charles payne. this is "making money." you sate it here yesterday jay powell he acknowledged inflation turned a corner. he suggested he could engineer a soft landing. there is no wonder he kept saying it is too early for a victory lap. he is thinking about a different kind of victory. will this be vindication for transitory fiasco? we'll see. speaking of mistakes, folks, wall street pros, you know it they're caught completely flat-footed either in cash or the wrong sectors. will they blink and join the party? i have best to shed light and strategies, brian belski and bob doll. i will is tracy shuchart, what the heck happened to oil? that was supposed to be a slam dunk. sven hendrichs is here. is the market too come place sent when what if october was the low? how high could the ra