lauren: hi, everybody, i'm lauren simonetti. we have a fox market alert, stockses rallying at this hour as the white house calls for tougher rules for mid-sized banks. take a look at the dow,, it's up 103 points. the other markets higher as well. min yap lis federal reserve president neel kashkari says the banking sector stress could last longer than many expect when it comes to the rates, tom barkin says he's comfortable with the 25 the basis point ooh hikes, and boss on the fed president susan collins is leaning to one more interest rate increase. charles schwab is the worst performer on the s&p 500 odd. morgan stanley down graded the financial services company to equal weight from overweight. the firm cites an uncertain earnings outlook due to less visibility for customer moss it out-- deposit outflows. the collapse of silicon valley bank earlier this month is weighing on shares of the spanks including -- banks including schwab shares, down 33% in march. and we have one day left. all of this as markets eye the pce inflation r

lauren: agreed. stuart: now this, democrats went after the credibility of the journalists releasing a twitter file. >> my friend berry weiss. >> she works for twitter? >> she's a journalist. >> sir, i didn't ask you a question. >> she's a journalist. >> you work in concert with her? >> yeah. >> you're in this as a threesome? >> there was many more people involved than that. stuart: can you believe at a congressional hearing the democrat tried to slime journalists like that. that's beyond the pail, isn't it? i better move on before i get in trouble. colin kaepernick accusing his white, adoptive parents of giving him a problematic up bringing and they struggle to embrace his up bring. they adopted him but they struggle. we've got the story. public school board members in arizona being sued for religious discrimination and they're accused of ending a teaching student program with a christian college over concerns of their stand on marriage and yes sexuality. resident theologian jonathan morris taking mo

lauren lauren where do we go beyond tech? you look at the advanced decline line, and it is widening, so where are the -- where should you be invested in this market? >> well, to me, it's common sense. you know, what can we not live without? cannot live without fuel. that's been beaten to smithereens, so we're going to need defense stocks, medical stocks, abve in particular is another one that i own, but it's a great choice because of immunology, all the work it's doing in those spaces. lauren: okay. lindsay, let me bring you back into this conversation here, and i want to turn your attention back to the federal reserve. you know, i'm looking now, the market's pricing in a 53% chance that the fed hikes another 25 basis points next month when they meet and then, i guess, a cut is expected sometime this summer. where do you stand? why is it always the guessing game? >> el, i think the -- well, i think the market is overly optimistic that the fed will be able to control inflation. as we just talked about, inflation is still more

lauren: u.s. national security council spokesman john kirby said the way for the war to end is for russian troops to leave ukraine. >> ukraine, i would note the two sides just said "the purposes and principles of the u.n. charter must be observed, and international law must be respected." well, we agree. following the u.n. charter would mean that russia should withdraw from all of the territory inside ukraine, the territory of another member state of the human -- of the u.n. a method that it has invaded. lauren:lauren: discussions include a new pipeline to reroute russian gas ports from russia to asia. the power siberia to pipeline has not been formally agreed. vladimir putin said it was getting closer. the pipeline is expected to come online by 2030. it will run from the peninsula in northwest siberia, threw two mongolia, and supply 98 billion cubic meters of gas and 100 million tons of liquefied natural gas to china. san greene is director of democratic resilience at the center for european poli

lauren: inflation, yeah. stuart: thank you, lauren. now i this, more students opting out of college to jump-start their careers. the number of apprentices has jumped more than 50% in the last decade. we've got the story. >>> elon musk brought his starlink internet to the amazon jungle in brazil. turns out the criminals love it. we'll explain. >>> the big banks rescuing first republic bank, but kevin o'leary doesn't think we need regional banks anymore. he's on the show. he's going to tell us all about that next. ♪ ♪ i made you look ♪ ♪ inner voice (kombucha brewer): if i just stare at these payroll forms... my business' payroll taxes will calculate themselves. right? uhh...nope. intuit quickbooks helps you manage your payroll taxes, cheers! with 100% accurate tax calculations guaranteed. what causes a curve down there? can it be treated? stop typing, and start talking. it could be a medical condition called peyronie's disease, or pd. and it could be treated without surgery. find a specialized urologist who can diagnose pd and b

stuart: lauren? lauren: 27. stuart: my instinct is 27 as well and i did not look it up but i think the answer is 27. yes, the amendment was ratified in 1992 stops members from congress from giving themselves pay raises how about that? times up. "coast to coast" is now. ♪ baby i don't need dollar bills ♪ neil: all right, fox on top of stumbling banks, although they aren't stumbling as much. more in a second, but something that is getting worse, the jobs part. all leading to slipping stocks though, i've gotta tell you, as well, they have slipped a lot more. we've got you covered right now,

lauren: yeah. stuart: andc 3-pointai is silt ing right there. >> they might take the six-month pause on developing advanced ai but yeah it's here to stay. stuart: i believe that when i see it. how about casinos? they are up today? lauren: all up around 2%, i'm connecting this to those solid service numbers that came out of china towards them catering retail. that's what these casino complex es are engaged in and those numbers out of china 11 year high. stuart: and china's rebound after the pandemic is spectacular as of right now. good numbers. ev-go. lauren: the electric vehicle charging station up 37% this week. also on big volume up 10% right now. earnings yesterday, our sales went up 280%. 280% in one quarter. the ceo is on yahoo finance and said ev chargers are on pace to be as common as gas stations. so the ev charging station is going to be as common as the gas station. stuart: when? lauren: well, there's no timeline but the government is obviously behind this. and they are big on a buyer of

thanks, lauren. fed chair jerome powell once again warning about the risks of getting involved with cryptos. watch this. >> don't want to stifle innovation and done want to stifle innovation just to favor incumbents and that kind of thing and watching what's been happening in the crypto space and what we see is quite a lot of turmoil and see fraud and lack of transparency and run risk and lots of things like that. stuart: ryan payne is with me this morning and ryan normally covers straightforward the stock market but comment on cryptos. seems to me, cryptos are rapidly becoming a thing of the past that likes spacs or the meta verse or sho something like thad not the variety of the future and talking about that and keep in mind this isn't a surprise. at this point it cops down at $69,000 for a pet rock now you paid $21,000 for a pet rock. there's no real intrinsic value and didn't use it in society today and the bod tom line will continue -- bottom line will go by the wayside and 22, 23,000 and stays

thanks, lauren. stuart: randi wiengarten said kids do better when taught by unionized teachers. saratoga are huckabee sand -- sarah huckabee sanders sign add sweeping new bill for universal school choice and going further than any other state. we'll be back. ♪ you'll always remember buying your first car. but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. at t. rowe price, our strategic investing approach can help you build the future you imagine. your best defense against erosion and cavities is strong enamel- nothing beats it. new pronamel active shield actively shields the enamel to defend against erosion and cavities. i think that this product is a gamechanger for my patients- it really works. ♪ inner voice (kombucha brewer): if i just stare at these payroll forms... my business' payroll taxes will calculate themselves. right? uhh...nope. intuit quickbooks helps you manage your payroll taxes, cheers! with 100% accurate t

lauren lauren and iran and north korea. you have a big, new axis of evil. stuart: back to futures, please. dow's up about 200, that's premarket. green on the screen. the opening bell is next. ♪ ♪ with a majority of my patience with sensitivity, i see irritated gums and weak enamel. sensodyne sensitivity gum & enamel relieves sensitivity, helps restore gum health, and rehardens enamel. i'm a big advocate of recommending things that i know work. 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. stuart: tree and a half minutes to the opening bell, and it looks like we're going to have something of a rally. meanwhile, d.r. barton is here with us watching the market this morning. all right, d.r., same question i'm

lauren: exactly. stuart: i don't buy organic stuff? lauren: never ever? i only do milk. >> berries last longer in the fridge if you get organics or they mold quickly. lauren: so you guy organics? >> only berries. lauren: that's really expensive. >> it is. it's almost twice as much but lasts twice as long in your pharyngo. stuart: tepper has vital important information. here we go, bus drivers in seattle say they're getting sick from all the fentanyl smoke on their buses, but one city official thinks it's a good idea that people are lighting up on public transportation. i did not make that up. we'll tell you all about it, believe me. california digging out from a historic blizzard and governor gavin newsom out of the office and on a personal trip to mexico. that has california guy leo terrell upset and he's on the show. two americans kid mapped in mexico dead killed by drug cartels and will the victims ever get justice in how do we hold them, the cartels, accountable? that's next. ♪ who's on it with jardiance? ♪ ♪ we're the ones getting it done. we'r

lauren: yeah. they looked at infant mortality rates, and i think want to see what happens if they insure that population gets better health care, perhaps, by giving them that money, and the salary cap is $100,000. stuart: so it's an experiment. lauren: lasts about a year. >> they don't point to the specifics of why the mortality the rates are what they are, when they say we're just going to spend money and see how it goes, that only makes problems bigger. i can tell you that as a guy who has gotten many in trouble at the blackjack table, let's see how it goes. stuart: i'll i'll take your word for it. [laughter] all right. that's politics and culture. let's get back to the markets because that's a very nice rally, folks. look at it go. 458 up for the dow, that's 1.4%. 280 points up for the nasdaq, that is 2.4%. and the s&p's up 1.7%. that's mice recovery rally from -- nice recovery rally from yesterday. mike lee with us this morning. mike, we've got the rate increase from the fed, statement that inf

lauren: uh-huh. stuart: looking at every word powell says and the computers will interpret all those words and the market will react we're in for quite a time. lauren: we are. stuart: drives me nuts because we go through this every couple of weeks all the time. lauren: and then you get cpi on the 14th i believe next week. stuart: yup. lauren: we keep giving them the data to go at. stuart: i'm so fed up with fed watching i want to move on to politics. lauren: you're fed up with the fed. stuart: former president trump and the final speaker at cpac this weekend promised to "finish the mission." watch this. >> that's why i'm standing before you, because we are going to finish what we started. we started something that was a marathon. >> [applause] >> we're going to complete the mission. we'll expose and appropriately deal with the rhinos. >> [applause] >> we will evict joe biden from the white house. >> [applause] >> and we will liberate america from these villains. stuart: [laughter] these villains. all

what happened to lauren after that phone call, lauren's parents and their fight to protect others. i'll see you a short time from now, "20/20" 9:00 p.m. eastern. good night. >> building a better bay area. moving forward. finding solutions. this is abc7 news. >> if these allegations are true, these are very serious and actually shocking. >> shocked. became saddened. and as the days have gone by, i might a place where i am now angry. larry: drug smuggling allegations against a longtime employee of san jose's officers association. thanks for joining us. julian: 64-year-old nancy segovia, charged in a scheme to distribute drugs. the employee turned yourself in today. larry: zach fuentes was in court this afternoon as she made her first appearance on these charges. reporter: cameras were not allowed inside the courthouse friday as nancy segovia made her first appearance after being charged, turning herself in hours after that appearance. federal investigators say segovia, the executive director of the police officers was charged with importing drugs from overseas, specifically a form of

lauren: it narrows the focus. stuart: thank you, lauren. the transportation department stonewalled requests for details on pete buttigieg's private jet trips. they won't say how much the luxury travel cost taxpayers. lawmakers on both sides of the aisle are calling on the president to hold china accountable. they're demanding answers on the spy flights and the origins of covid. when will the thank you, mr. speaker with z h h are we lining unfor war with a communist country? kt mcfarland is next. your best defense against erosion and cavities is strong enamel- nothing beats it. new pronamel active shield actively shields the enamel to defend against erosion and cavities. i think that this product is a gamechanger for my patients- it really works. ♪ inner voice (kombucha brewer): if i just stare at these payroll forms... my business' payroll taxes will calculate themselves. right? uhh...nope. intuit quickbooks helps you manage your payroll taxes, cheers! with 100% accurate tax calculations guaranteed. say goodbye to daily insulin injections

lauren: yes. this journalist was so mad that a, that happened and b, the cashier looked at him dirty when he said no tip. he or she, that cashier was doing their job. lauren: it's traditional to tip at any place and compelled to tip and technology on ipad screen and asking you in front of people to help you. it's not customary and i did a whole podcast with the tipping expert and they said there's certain industries and there's not many, restaurants, hair salons where people make under minimum wage and your tip is expected to get them to and above minimum wage. if you're not in one of those business establishments, you should not be required to tip. it's nice if you do, if you get a good service but come on now. stuart: you tip in a restaurant or a bar or if you got really good service elsewhere. that's it. lauren: i agree. stuart: if i get asked for a tip at a grocery store, i leave. that's not right and that's just me. what we're doing now. lauren: ask gerri? stuart: nope, get a sense of the mar

good morning, lauren. lauren: morning. stuart: take us through what we know. lauren: i'm calling it a campaign speech because it's a statement of authorities. this has been called dead on arrival. nonetheless, biden is expected to propose cutting deficit by $3 billion over 10 years by raising taxes on the rich and companies, two groups he doesn't like very much. so here you have it, a proposed minimum ax on billionaires of -- tax the on billionaires of 25%, doubling capital gains taxes to 39.6% and raising the top tax rate from 37 to 40%. example, if you live in new york, you could pay taxes as much as 59.4% when all is said and done. stuart: why work? lauren: he's also expected to hit companies with a tax rate of 28. so maybe dead on arrival, but this will provide the optimistic a path to compromise with republicans? stuart: that's a path to compromise? lauren: the upcoming debt limit negotiations, well, he's laying out his priorities whether he's going to negotiate or not, polar opposite of what republicans want. stuart: just listen to what white house press

lauren: i got that yesterday. stuart: the ceo of moderna is testifying on capitol hill the company plans to quadruple the price of its covid vaccine. we will bring you the latest on the hearing. house republicans released a new report on the infamous memo that labeled parents domestic terrorists. julian turner will break that down. what is in the memo? in california, forced to adopt a new homeless voucher program that gives homeless people access to hotels. it did not work well. we will speak to the mayor next. ♪ ♪ ♪ you can't buy those. but you can invest in them. at t. rowe price, our strategic investing approach can help you build the future you imagine. ♪ ♪ luxury exemplified. innovation electrified. with apple music seamlessly integrated. the all-new, all-electric eqs suv from mercedes-benz. see your dealer for exceptional offers on mercedes-benz electric vehicles. my relationship with my credit cards wasn't good. i got into debt in college, and no matter how much i paid, it followed me everywhere.

lauren: yes. stuart: oh, sorry. it's $945 now, he thinks it's going above 1,000. lauren: yes. stuart: sorry about that. pb8, they own tommy hilfiger and calvin klein? lauren: they've upped their full -year forecast for sales and for profit. they don't need to discount as much. stuart: mccormack -- lauren: spice people. stuart: are they selling a lot of spice? lauren: yeah. up 19%. stronger sales, higher prices for spices, using all the mission in the supply chain -- automation to save money, cut costs, cut jobs, perhaps 10%. and they're very bullish about china. the recovery is intact, they saw counsel-digit -- double-digit sales growth there. stuart: who i knew spices were so popular? this is for you too, the chair of the ftc, lena khan, she's got a message for the a.i., artificial intelligence, what's the message? lauren: competition is key. she will not allow big tech to squelch their smaller rivals in this a.i. race, and and she refers to the big tech as the incumbents, or i'm quoting her now.

lauren is up with movers. roku is a mover. lauren: it sure us. susquehanna upgraded them they're going to $75, $10 from here. they say motion of the opportunity for roku lies ahead. budgets are moving away from linear tv towards connected tv. stuart: that is true. they're right on that one. biontech. lauren: full year outlook missed by a mile for revenue. missed by three billion dollars. mostly because of their covid vaccine with pfizer. biontech is predicting sales to be a third of what they were last year as the vaccine moves to the commercial market. stuart: show me alibaba please. i heard a report this morning that jack ma has been seen. lauren: for first time in china in more than a year. stuart: he is the founder. lauren: he is the founder of alibaba. he resurfaced at a school he founded where alibaba is headquartered in china. so why is the stock down 1%? i would think does that mean china is welcoming private business once again? there are some industrial numbers out of china down about 22, 23% in the past month. so they're hurting as the

lauren: a leader in ai. stuart: got it. next case. 11 banks created $30 billion loan rescue package for first republic bank. i noticed first republic stock down again. what does this tell us? >> reporter: may be this rescue package is not having the consequences it intended, which is to counter depositors of first republic, saying it would prevent possible collapse like we saw in signature bank as well but we are seeing a reversal on the gains initially made from first republic after the news of this incredible rescue. take a look at the 11 banks we see, deposited between one. $5 million each, this is an effort to protect the entire banking system from widespread panic, the banks in a joint statement said this action by america's largest banks reflects their confidence in first republic and banks of all sizes and demonstrates the commitment to helping banks serve customers and communities. as they get a boost, smaller community banks are saying they are concerned about being forced to pay for the risks taken on by silicon v

lauren: seems to be. some is people are blaming the policies that are in place, how we go through covid, being alone, getting things for free. there's a whole host of things that you could point a finger at and blame, but i always say i feel like i wasn't made for this time that we're in right now. things have changed drastically, and a lot of people aren't okay with that. stuart: and as our traditional values, we're walking away if from traditional values, china is walking in with values of their own and expanding their values and expanding their influenceful we're going to editorialize that a little later, top of the show. we're going to be doing that, top of 11. lauren: 11, okay. stuart: we are. say tuned. futures indicate a very small downside move at the opening bell this tuesday morning. we'll take you to the wall street after this this. ♪ ♪ - double check that. eh, pretty good! (whistles) yeek. not cryin', are ya? let's tighten that. (fabric ripping) ooh. - wait, wh- wh- what was that? - huh? w

thank you, lauren. a new study shows a keto diet could increase your risk of heart attack and stroke. it's a high fat, low cash diet. dr. marc siegle joining me now. tell me about the risks of this diet. >> stuart, i hate to burst this particular bubble because 13 million americans are using this crazy diet, excuse me, idiot diet to the calls of $10 billion and where are the world leaders and a study out of vancouver looking at the uk, look at that. british colony in british columbia looking at statistics from the united kingdom over 1500 people studied and they found out that if you were on the keto diet less than 25% of what you got is cashes and over -- carbs and over 50% is fats and end up with high cholesterol and clogged arteries and heart attacks and strokes and twice as spawn high blood pressure. none of which is a surprise to me. i'm a fan of the med mediterran diet and this is a dangerous diet. you lose weight but you're loading up with dangerous food stuff that also cause a lot of inflammatio

lauren is back with some movers. lauren: similar to the dollar store. every cost $5 or less. muted outlook for the first quarter because customers pulling back on discretionary spending. there's nothing you really need. people are starting to pull back. stuart: next one is on holding. lauren: the sneakers everyone is wearing that says on on the side, they have an internal survey and they said brand loyalty, customer loyalty on par with nike and lululemon. stuart: remember blue apron during the pandemic? they are up $0.77. lauren: their loss in the past quarter was narrower than expected but they still lost money. 70 cost reductions like salary cuts, they are working. they plan to save $50 million annually because of this cost-cutting plan, the stock is up 2% but still $0.77 a share. we one marco rubio wants the treasury department to prioritize national security. lauren: ensuring that foreign adversaries, countries that do not like us don't require any acid of silicon valley bank or silicon bank. it seems obvious but you never know. regulators to purchase all the assets of bo

lauren: over $73 million -- stuart: what? lauren: -- to the social justice causes. to social justice causes. that was in the wake of the george floyd protests, and the company bragged, you know, top-down, two-thirds of their work force including their board met these diversity criteria. i'm not surprised, california bank, socially popular. the problem is now they're in business trouble, and the question is were they distracted. were executives too concerned about diversity, gender, climate that they missedded the financial problem. stuart: what the devil is a bank doing, $73 million, to social -- lauren: they were encouraged ooh. would it surprise you that signature bank put almost a million collars into similar cause -- dollars into similar causes? stuart: no, not at all. thank you. san francisco's board of supervisors expressed unanimous support for a slavery reparations program. one proposal would give black residents $5 million each. leo terrell joins us now. seems we are negotiating a price here rather than debate the principle of whether for the it should paid

lauren: it is. it's the movement on social media and largely organic and aided by environmental groups working with some of the social media gen z influencers and turning the willow project into the lightning rod for the administration and dunleavy coming to conoco phillip's defense. >> he's being held hostage by echo terrorists and the pressure is so great and willing to override common sense and logic. lauren: oil now and in the foreseeable future and 180,000 barrels a day. but the greens will be here and sue and sue and sue and protest and do everything that we can. stuart: synergy home am i not surprised. grady trimble is with me now and we heard about the opposition and is the white house approving it or not? reporter: stu, the biden administration is scaling bactrimed down versions of the project and lauren pointed out benefits of the project and conoco phillips says the $8 billion project and the full version of it could create 2,000 construction jobs, 300 permanent jobs and produce the equiv

. ♪ moran: i am lauren taylor. this is "al jazeera" from london. also coming up -- >> humanity is on thin ice and that ice is melting fast. lauren: the world must act now to secure a livable future for all. one dead after kenyan police fire water cannons and tear gas during protests against the high cost of living. macron's government survives two no-confidence motions after bypassing the french parliament to push through popular pension reforms. ♪ hello. vladamir putin told his chinese counterpart, xi jinping, he is open to negotiations on beijing's peace plan to resolve the war in ukraine. it came as the chinese president made his first visit to moscow since the conflict began last year. xi and prudent hailed their historic close ties in the face of russia's isolation from most of the international community. our reporter reports. >> this is a trip china hopes will end were in ukraine but it is a delicate mission for chinese president xi jinping. xi has repeatedly said his country is neutral in the conflict but he is widely seen as a key ally a

lauren: big goals. stuart: lauren good morning to you. lauren: good morning. stuart: you have to tell me about this push and pull between jay powell at the fed and treasury secretary yellen. lauren: quite a split screen on the one hand you have powell and the fed saying the banking system is sound. you know, one more rate hike, but no rate cuts really in the cards, and then you have yellen and the treasury saying well, is it so sound that we don't have to guarantee all bank deposits or too bad for you if another bank goes under. i mean, that's the push and pull right now. if you take a look at this moment, the regional, those are the big banks they are higher but the regional banks first republic up 6%. the regional banks are also higher. so investors are now thinking, i think this is the bottom line. the fed will soon stop hiking rates. they took the words ongoing rate increases out of the statement, but that doesn't mean that they are not worried about inflation. doesn't mean they aren't worried about a hard landing and doesn't mean they aren't worried about

lauren: full documentation. blue when you were on the streets of new york and asked people what you think of this, what did they say? lauren: wildly popular. if you got an extra week off from work what would you do? >> sleep. probably. it would be amazing. as a mom of two. >> 1-week i am off, next week she is off, definitely help. lauren: it is rare to require paid vacation. maine and nevada have similar laws, 14 states and washington dc require paid sick leave but in january, illinois will mandate companies of all sizes to give workers a paid week half a year, no questions asked, no documents required. >> it is a game changer for working moms. 40% of working parents are moms who are sole breadwinners, they need these policies. we also know that one of four parents were fired because of childcare disruptions. stuart: illinois's 1-size-fits-all approach is not popular with small businesses, they are struggling with high prices and worker shortages. stuart: all companies. has to be a case-by-case basis. >> i don't

>> lauren: like, no shirt? >> greg: is that -- >> kat: that the most booming thing you have ever said! >> greg: or is it just in my neighborhood? anyway, we'll get to the bottom of that, too, during the break. will biden get miffed when they ask his student loan grift? ♪ ♪ fast. reliable. perfectly orchestrated. the united states postal service. chevy silverado factory-lifted trucks. where will they take you? ♪ ♪ (dog barks) ♪ silverado zr2, trail boss, and custom trail boss. because adventure is everywhere. if your business kept on employees through the pandemic, getrefunds.com can see if it may qualify for a payroll tax refund of up to $26,000 per employee. all it takes is eight minutes to get started. then work with professionals to assist your business with its forms and submit the application. go to getrefunds.com to learn more. >> greg: welcome back. the show down set over student debt. but will the court acknowledge you can't make strangers pay for your college? protesters gathered outside the

lauren, what did she say? lauren: "the situation" is stabilizing, if you're worried, well, don't, because similar government intervention could be warranted to protect smaller banks too. she was addressing the american bankers association, so a group of bankers, but also the american people who are listening, and that was a vote of confidence. did it quell these calls for treasury to come out and ensure all deposits no matter the size? stuart: so she didn't say anything about that directly? lauren: not that i recall. stuart: she will backup banks if they get into trouble. lauren: and people just want to pull their money, and that's not always warranted because the health of the banking system is generally safe. stuart: let's get a quote from what she said. she says the treasury is ready to save the smaller banks. here is what she said, roll it, please. >> the public should have confidence in our banking system and it's our intention to remain vigilant in the days and weeks to come, and as i said in my remarks,

lauren: that is the report. stuart: still on politics, governor of florida ron dissenters broke from fellow republicans arguing the war in ukraine should not be a priority for the united states. desantis is in line with trump on this. it seems the republican party is split on this. what do you say? >> there are differences of opinion. i heard from some people announced for president and others rumored to be running, some take the traditional hawkish interventionist line that it is in national interests involved with ukraine, the defeat of the russians is in the center, china and other places. trump said this needs to end, to put a end to all the bloodshed, desantis is leaning in that direction. from what i read, tucker carlson asked this, i think he is taking a sensible path between the two polls but definitely leaning in the direction you suggested. stuart: it seems donald trump is coming on at a rally in iowa to get in. he is emerging as the front runner at this stage. stuart: >> no question, as i said, half o

lauren: yes. stuart: go ahead. lauren: what kind of company? stuart: i'm not going to get. lauren: lingerie, casual wear, disappointing forecast. the stock was down about 3% because when your forecast is disappointing, your stock usually goes down. the ceo even says they'll see the challenges for the foreseeable future but they did actually do better in the quarter that just wrapped up so that might be why the stock went from down to up. stuart: we're wrapping up a very interesting segment and tell everybody what's coming up. lauren: recap. joking. stuart: first, it was quiet quitting. now gen z has a new trend in the workplace. can't believe this. bear minimum mondays. watch this. >> remove any wishful thinking tasks from your list. tuesday you can overachieve. what can you choose to not care about today? knowing that it actually won't make a difference. stuart: choose not to care? we're definitely going to cover it. but it won't change my bad mood. one ivy league school is ditching the sat, s-a-ts, and act, a-c-t exams because of wokism. we're on it. virginia tech rejecte

lauren: yeah. stuart: take us through the whole thing lauren. lauren: i'm calling it a shot gun wedding arranged by the swiss national bank, resulting in ubs buying credit suspect for $3.2 billion. that's less than half of what credit suisse was worth on friday. you could say they got a deal of a lifetime. the swiss government is providing $9 billion to backstop some losses for ubs and more than $100 billion of liquidity, a lifeline to sure up confidence. is it working? is there confidence in global markets this morning? well, some credit suisse bond holders completely wiped out that's $17 billion worth, now valued at zero, and the other thing is, why are the swiss providing so much liquidity here how bad is the state of affairs? maybe in europe, not here. this gets us to the fed. they wrap up their meeting on wednesday. goldman sachs says they will pause. no interest rate increase because my opinion, the new data point that the fed is looking at is the price of the banking stocks. stuart: okay, and there's a 30% chance they do nothing. 70% chan

lauren: yeah. christopher wray. he pointed the finger right at china, and it's the first public confirmation of the fbi's classified assessment. listen. >> the fbi has, for quite some time now, assessed that the origins of the pandemic are most likely a potential lab incident in wuhan. here you're talking about a potential leak from a chinese government-controlled lab that killed millions of americans, and can that's precisely what that capability was designed for. the chinese government seems to me has been doing its best to try to thwart and obfuscate the work here. lauren: okay. so the fbi says they have moderate can have of the lab leak transmission. the energy department says they have low confidence. either way, the findings expose the obfuscation of china in helping to root out and prevent transmission. so who can say that this isn't going to happen again? stuart: they're covering it up. lauren: there's information that could have saved the lives of millions of people around the world if it

i want to bring in lauren. what do you think were the key takeaways and how are the other social media companies doing this? lauren: other social media companies are up and down. stuart: okay. lauren: so no direction. this is the biggest takeaway. the ceo shou chew was asked has tiktok's parent company spied on americans and he answered "i don't think spying is a way to describe it." stuart: okay. lauren: he was asked, why aren't your young children on tiktok? he answered, singapore where they live, doesn't allow under 13-year-olds on social media. that's all i needed to know. i'd call it an aggressive hear ing, bipartisan anger, at tiktok, and i think he failed to convince lawmakers security and mental health concerns. this , in my opinion, increases the chances that tiktok is banned in the u.s.. this will not be easy to do. as you noted 150 million americans use it, 7,000 are employed by it, and 5 million small businesses rely on it. stuart: okay. lauren: that's the issue. stuart: what else we got snap, meta,

good morning, lauren. what happens next? lauren: he is expected to turn himself in next week. that means he be escorted by the secret service from mar-a-lago to manhattan. at his arraignment as early as tuesday, he will be processed , fingerprinted, likely dna swabbed just like everybody else, and then there's that mugshot. political gold, stuart. trump says he's been prosecuted and persecuted, "this is political persecution and election interference at the highest level in history, from the time i came down the golden escalator at trump power and even before i was sworn in as your president of the united states, the radical let democrat s, the enemy of the hard working men and women of this country have been engaged in a witch hunt to destroy the make america great again movement. i believe this witchhunt will backfire massively on joe biden ." his current and presumed 2024 gop rivals are coming to his defense including florida governor ron desantis who attacks the da, alvin bragg, not really mentioning trump's alleged crime. here is part of the comment. the soros-backed manh

lauren: yes! stuart: [laughter] a little change for rates, there's still at elevated levels nothing funny about that of course. the 10-year treasury this morning yields what, just a tad under 4%. the two-year coming in at 4.84 as we speak. now, these elevated levels on treasuries mean that rate on 30 year fixed rate mortgages is back above 7%. modest gains for stocks this friday morning. the dow is going to be up about 140, s&p 24, nasdaq maybe 85 points not bad. on the show today, another call to use the military against the mexican drug cartels. former attorney general bill barr says they must be treated as terrorists and attacked using military force inside mexico. he's guilty the jury found a couple hours to find alex murdaugh guilty of killing his wife and son and in a half hour he will be sentenced and you'll see it. friday, march 3, 2023 "varney" & company is about to begin. we are going to start with this. the jurors in the alex murdaugh trial have found him guilty of murdering his wife an

lauren, take us through the president's proposal. lauren: oh, gee. welk he calls for $5.5 trillion in tax hikes on the richest americans. that's the theme here. raise the top personal income tax rate to 39.6% if you're making over $400,000. for households with a million dollars, capital gains tax goes to 39.6, 25% minimum tax on $100 million in wealth, okay? and here's how he is spending on his other priorities. this stuff boggles my mind also. $886 billion in defense, $6 billion in support for ukraine, $26 billion for the border. but, but, but that includes hiring just 350 border agents. that's it. 87,000 at the irs, 24 the 00 at the epa -- 24 the 00 at the epa. here's the president. >> i'm not going to lay out the entire budget, that would take the rest of the day. it's a detailed budget. but i want to give you the con ours of what we're for -- contours of what we're for and how in stark contrast with what appears to be what the other team is for. lauren: the other team is for less spending. i saw these numbers yesterday from house republicans. so

lauren looking at the movers. lauren: ubs says sell it, growth is slowing, cited momentum, that's the word they used in construction. we when united airlines. did they get an upgrade? lauren: the price target went 52280 and the stock is down 2%. they say it will benefit from asia reopening. they cannot explain this stock. stuart: gap is not the gap, it is gap. lauren: which owns old navy. they also own old navy and athletic, casual wear. that was all the rage during the pandemic. they had a bad quarter and missed quarterly revenue for the first time in a year, and all of them. stuart: sweatpants work on zoom but not in the office. lauren: they look like real pants. stuart: last one for you. biden's new budget proposal includes a plan to close a loophole in crypto currency. really a tax increase. lauren: it will bring in $22 billion in revenue. this is confusing. if you were to sell your crypto currency at a loss you can deduct that loss. even if you purchase the same investments, a wash sale, this budget scraps th

lauren: $26,000 worth. two men, one juvenile behind bars, suspected stealing more than 660 cans of baby formula from across grocery stores across atlanta. officials told stores to be on the lookout. they see the three come in, steal 12 cans from a publix, went out to the getaway car. that is where they got them. they looked inside of the get away car, there were 660 additional cans. all in almost 700 cans, $26,000. some was very specific type, $45 a can. so they got caught. stuart: not. retail theft, called thingage in the business, is on the rise. lauren: more people are shop in store after covid that is causing shoplifting to increase. one retail analyst at bernstein theft is growing at a faster rate than sales. becoming a big enough to affect margins and profitability. these crime levels something retailers have never seen before. macy's seen up tick. industrywide trend. doesn't matter where you shop. now everything is locked up with sensors. stuart: so many people shop online these days. lauren: easier,

lauren: this is football, not soccer. stuart: okay. lauren: got it. okay. the players aren't happy including patrick mahomes. pull up his tweet. when the leagues agreed to two thursday night games per- season, he tweeted that emoji. the nfl commissioner roger goode ll says data shows that player injuries do not spike when they play a thursday night game, so, play two. critics say well, hey, nfl, you're sacrificing safety for amazon, which streams the thursday night games. stuart: is that why they want two thursday night games per- team, per-season? for amazon? lauren: maybe for viewership. stuart: you're nodding your head todd: the numbers haven't been good. football has been horrible. three reasons i don't like this. one going back with what patrick mahomes says players are getting stronger and faster and injuries are bound to happen. two, what if you're a family and buy tickets for a sunday 1:00 p.m. game and they flex it to a school night 8:00 p.m. what do you do? sell it, your kids don't get a chance to go and ignores the fan in the stadium and three, m

lauren: going after the federal reserve. they want to increase oversight of the federal reserve through an independent inspector general the doesn't report to the fed. this is the situation now. the vice chair of supervision investigating what happened at s pb. he reports to jay powell and the fed, that's a conflict of interest to many people. 's report is due on may 1st, we will know more, but got to bring in additional oversight. stuart: thanks very much. come en. lauren: they agree on something. stuart: they have a central bank, get out of the way. volatility in the markets, silicon valley spreading into real estate. are you telling me, are you telling me some homeowners are reconsidering whether or not to list their property because of the banks care? ashley: not directly though it doesn't help when you talk about the stability of the economy, about mortgage rates. i'm in a one bedroom loft apartment in west palm beach on the market for $625,000. i will put in a bid for you. the number of listings are dropping even in re

lauren, what's he doing? lauren: he calls it woke. he said much like senator ted cruz we spoke about earlier that it could be used to surveil americans, their behaviors and tank actions and ultimately control them. to be clear, there is no central bank digital currency right now, but the white house has ordered a review of it. let's explore options so say if you get one, desantis will ban it in his state of florida. stuart: mark tepper, why would they want to create a federal digital currency? >> our government is completely terrified of crypto and the reason for that is we value -- all of us value having the u.s. dollar as the reserve currency of the world. we have problems and can no longer come out of a recession as quickly as possible right now. stuart: they want to go for digital currency? >> correct, yeah. stuart: see how that works out. mark, thank you very much indeed. a pair of inmates back behind bars after busting out of jail and grabbing breakfast at i hope and the rather strange tool they used to dig their way to freedom.

lauren: they are going up billions of dollars. lauren: utc, the pretzel people. up -- it is us? stuart: is that the proper name? it is utc. lauren: stronger earnings, volume fell, higher prices. i can't tell you how many chips, good enough for 10% gain. stuart: prices are up, they brought in more. lauren: it works for a lot of companies these days and at some point parents and consumers will say i'm not paying them. this isn't ut z but some chips that we buy, it is not fully full and is is $6. stuart: if you stop buying the $6 bag of chips -- >> when i can i do but you can't just take it and open it. stuart: got to control your children, moving on from the pretzel market. look at this. china's population came in at $1.4 billion in 2022, that is down 850,000 from the year before, the first population decline in decades. gordon chang with me now. how was xi jinping reacting to this? >> reporter: they are starting to give incentives for people to have children, some chinese officials are even talking about compelling couples to have kids. from other countries we know these programs

lauren is back with us. microsoft up $4. lauren: they are planning one billion-dollar data center is a controversial site in wisconsin. it means is that they are coming in with another big center they can develop. reading the report. stuart: moving stock up $4. i have no idea. that look on your face. seagate shutting jobs. lauren: it is in addition to 3000 jobs, more job cuts and the stock is up 3%. stuart: you see, i remember ted from when he started seagate in iowa which was unusual for computers in those days. lauren: you are good with years. stuart: carnival, the cruise line. lauren: they have a nice game and they are going to $11 cost cutting, not saying job cuts in this situation but cutting costs in other ways saves money. beyond the upgrade and up crease in the price target. stuart: thanks very much. to change the subject, 40 migrants have been killed after a fire broke out at a detention facility in mexico. i believe this is about migrant desperation. alexis mcadams, how did this happen? >> reporter: these people ha

lauren: well of course not. no, they aren't going to directly step in, but i mean, you have to imagine that biden wants the economy as strong as it can be ahead of a potential second term, so the white house told this to reuters. "the white house isn't going to interfere with the fed's management, but we're dealing with one month of data, as in pretty strong economic data, and people need to sit back and take a breath" so they are basically saying, chill, but biden's approval ratings go up and down based on inflation. they do. so the ability of the fed to engineer a soft or a hard landing is absolutely critical for him. blackrock now says the terminal rate is going to 6%. why am i frustrated? because we thought we were in the camp of 25 and now they've reintroduced 50. just get the rate where you need it to be, and hold it there. stuart: well you're frustrated with this. you're frustrated with fed watch ers. lauren: stop speaking. not you, the fed. stuart: you don't know where they're going. they got this consta

lauren: it is down 4%. profits were fine in the last quarter but they are forecasting a loss and the biggest market is europe. stuart: new op-ed from the hill, michelle obama is the democrats best chance to win in 2024. we will get on that one. stacy abrams just got a new job to push biden's green agenda, details on that coming up. congress passed senator mike braun's bill that would declassify us intelligence on the origins of covid but the president hasn't signed it. why? senator braun is next. ♪ ♪ hey! like your workplace benefits... and retirement savings. with voya, considering all your financial choices together... can help you be better prepared for unexpected events. for a brighter financial future. thanks. ahh, pretzel and mustard... another great combo. voya. well planned. well invested. well protected. with dexcom g7, you can achieve diabetes res without fingersticks. see how exercise affects your glucose, making it easier to spend more time in range and lower your a1c. manage your diabetes w

lauren: and maybe easy acquisition. stuart: down 1%. lauren, thank you. world health organization changed their covid vaccine guidelines. we'll tell you what they're now recommending for youngsters and teens. elon musk and tech experts are calling for a pause on artificial intelligence chat bots. they say society could be at risk. we'll have the full story for you. china threatening retaliation over the president of taiwan's upcoming trip to america. they don't want to meet him with house speaker mccarthy. congressman carlos jimenez responds to those threats, next. ♪ with a majority of my patience with sensitivity, i see irritated gums and weak enamel. sensodyne sensitivity gum & enamel relieves sensitivity, helps restore gum health, and rehardens enamel. i'm a big advocate of recommending things that i know work. as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on

lauren: they have a loss, pulmonary loss. the supply chain disruption, even though -- employees call out sick, affect your ability to get product. stuart: jack in the box. i used to go there frequently and they are up 8%. lauren: there same-store sales surging 8% and stock is up 8%. lauren: they are hurt by elevated shipping, consumers pulling back on discretionary. why is stock up 2.5%, and $5 items. by adding $5, $3 price points, that bothers me. the name of your stories dollar tree or dollar general or family dollar. i might do $1.50. stuart: you are tough. neil: go to a regular store. the center will vote on scrapping president biden's woke investing rule for 401(k)s. good story. one sheriff demands the president fulfill a duty to protect americans from the flood of migrants descending on florida shores. that is in the 11:00 hour. president zelenskyy is getting more difficult to take back from the russians. is a time for peace talks? i will ask adam, a negotiator for the abraham accords. ♪ that last a lifetime like happ