dagen: hot tauchz all morning long joe pinion mitch roschelle. mitch: on on inflation, 40% cpi shelter costs since mortgage rates going up harder to for people to buy homes they opposite to rent not building buildings represents going up i think in terms of core cpi number while it is coming down on the margin i think inflation is going to be here for awhile. and you know interesting that janet yellen, just gopt referenced she was person saying it was transitory, so, i think, the fed lost credibility on inflation, i think the treasury yield department lost credible on inflation you know what? the you are mr.ality of economists say a recession is coming bond market says recession is coming, so, my guess a recession coming put 100 economists in the room probably get the 200 answers doesn't mean they are going to be right the bond bond is certainly signaling a recession is coming. dagen: if a recession arrives i predicted for some time that it will, a deep problem tracted recession given what federal reserve has had to do, to tame this run away, 40-y

fox news contributor liz peek and mitch roschelle with macrotrend advisors.rt? because the president is misleading americans by factor of 10 with his own job growth performance f it is true he added 11 million jobs on top of what he didn't lose under the pandemic don't you think inflation would be rocketing to 20%? >> liz, basically the economy has come back, that is really what happened. it has absolutely nothing to do with joe biden's policies, and look, i mean we all hoped that the economy remains strong through this year. the signals are not very good. you still have an inverted yield curve. awful lot of people are talking recession. as far as this inflation number goes, i really, i kind of agree agree with your lead-in, people are jumping up and down for joy and hard to figure out why. the core inflation number increased in december, compared to november. a whole category of goods got more expensive, not less month to month. and by the way, the big gain was a downturn in energy. i think that was sort of expected, but there is a big variable here. what is

tonight dan bishop, tim burchett, bill, virginia attorney general, economic prose carol roth and mitch roschelle and vince coglianese, we have a jampacked show, watch this the alarming rise in layoffs, feel by record inflation democrats want even more hair of the dog that is biden you, government spending parents nationwide on edge more virginia high schools holding back student national merit awards for fairness, where else is happening potentially. elon musk fears senate democrats will target twitter because twitter reinstated f former president trump and government e-mails show the cdc demanded facebook sensor content about the pandemic, this is the facebook files how did the clintons help the rise to power of alleging crypto fraudster sam bankman-fried more on the supreme court saying they cannot identify who leaked its roe v wade decision. i'm elizabeth macdonald, "the evening edit" starts right now. >> happy friday everybody check your money stocks market up, then out onto dow and s&p of 19% the nasdaq 2.7%, this is a broad tech rally, here's what's concerning the list grows, companies lay

joining me now for the hot topics all morning long, joe pinion and mitch roschelle. cut customs and border protection sources telling fox news that december migrant encounters will exceed 250,000 for the first time in history. this as new york city mayor eric adams gives his take on the border crisis after visiting el paso, texas. listen. >> this is a national crisis. new york c cannot take more. we are not pointing the finger at el paso. we're not pointing the finger at houston. we're pointing the finger where it should be pointed and that's our national government. this is a national problem. we must have real immigration reform. dagen: joe, your reaction? >> look, here's the truth. as i've said many times, we had the president of the united states saying that the border was secure. we had vice president kamala harris saying the border is secure. and now you have the mayor of new york city declaring a state of emergency for the border crisis that was a figurement of our imagination, for the migrants coming here, they that they had no problem with them being flown h

topics, pinion enterprises founder and ceo, joe pinion and macro trends advisors founding partner, mitch roschelle to spend the entire morning with you. much to cover in this unfolding saga of the biden classified documents. joe, how do you see this playing out? there's a special counsel, the republicans and the house are on top of it. and even some democrats have to concede that this is a problem. >> when adam schiff is running for the hills, that's when you know the bad news is about to get worse. and so this is a man i remind people was the unity president unless he's talking about all president trump supporters being evil people. he is the equity president unless he's talking about all black people not voting for him, not being black and of courses the transparency president unless he's talking about not mentioning the fact that in a home where hunter biden laid his head, had were classified documents sitting next to a cadillac or whatever vehicle that was there so we just have to remind the american people that all is not what it seems, that president biden p is not a white knight to save us,

gillian: more of layoffs across the tech industry and beyond let's bring macro trend advisers, mitch roschelleotching that, mitch. we all know where you are and what you do. we appreciate you being on with us this afternoon. i think the reality is you well know that the layoffs are extending far beyond just the tech sector. analysts are talking now about this reality or the looming reality, the big corporations are betting there's going to be a recession this year? mitch: goldman sachs and big financial firms have talked about layoffs amidst of fourth quarter earnings. if you step back a recent survey at the world economic forum accounting firm pwc, this is over 4,000 ceo's said that 75% of them believe that there's an economic slowdown looming some say recession and others economic slowdown. i think what's happening is these companies are trying to get ahead of this. normally companies get very reactive. the economy slows down and earnings fall and they start laying off people as a result. if anything, the last two and a half, 3 years has taught businesses to be incredibly resilient. they kno

mitch roschelle is here. we always cross this issue, mitch, right? it is always solved but it's a bumpy ride. but i get a feeling that, it is also risky saying this time is different but there is a different kind of a vibe, certainly in the house. it won't be the same. >> as hillary was talking about, there is a spread, very narrow majority in the house, right? it is five seats. neil: right. >> if george santos is gone, it is four seats. neil: that's right. >> there were 20 rogue republicans who basically formed a coalition almost like a parliamentary type move where they want mccarthy to stand firm on this. neil: he did sign on to it. >> he signed on to it, and president in his whisper, whatever he said in his whisper i couldn't figure out anyway, he will veto any bill that hits his desk that has tax cuts. there is a standoff. you said other day a mexican standoff. i don't know what a mexican standoff but it is in washington. >> it's a standoff in mexico and now is here. >> the numbers are terrible. $31.5 trillion. over 100% of our gdp the debt actu

joe pinion come back more often, mitch roschelle, enjoy florida as my in law grandparents used to say, florida. mitch, joe, pleasure. "varney" & company is up right now. lauren simonetti is in in for stu. lauren? lauren: hi, good morning, dagen. good to see you. hi, everybody. i'm lauren simonetti in for stuary varney. five more classified documents have been found at president biden's residence in wilmington, delaware. that makes it four different occasions that documents have been discovered. one in november, right before the mid-terms. more in december, and now, twice last week, and as stu called it last week, the democrats are starting to turn on the president. some democrats calling it embarrassing and troubling, but what's in these documents? was national security jeopardiz ed and why won't the white house release the visitor's login wilmington, we're on it. new york cities mayor calling out the administration over the border crisis. adams travel to texas over the weekend to get a first-hand look and let's just say, his visit was a lot more eye opening than president biden's jus

luke lloyd with us, mitch roschelle is with us.on the jobs thing, the interpretation was, or the claims were a lot less than thought. private sector growth remained growing at remarkable pace ahead what could be a strong jobs report tomorrow when finally out. the interpretation of that, good news is bad news. the fed will keep hiking. we can expect higher rates for a longer amount of time. are you in that club? >> absolutely. i mean the only way to flight inflation is to destroy the labor market and the federal reserve has a ton of work to do. you know i've seen with the jobs data this morning, most likely tomorrow. i don't know when the stock market is going to learn. this has happened now for the past six months. the market doesn't believe the fed, only to find out, you know, every single month that the fed isn't bluffing about higher interest rates for a longer period of time and then the market sells off, right? the market would have lost all its poker hands to the fed because they're calling a bluff at the wrong time. there is