the industrials up 6, nasdaq down 22. mark, i can understand fractional moves. >> yeah, i think a lot of investors are on edge. as it currently stands, consensus has earnings estimates for the quarter coming in at -5% which would be the second straight quarter of negative earnings growth, so that's an issue. and i think investors are starting to freak out a little bit about a potential recession. maria: yeah. for sure. rob, all of these policies out of this administration on full display. >> yeah. they're on full display and, you know, like i said, you know, last time i was here, maria, people are starting to see the effects of this economy. people are starting to seefects of this inflation. and we spoke earlier in the show about biden running for office in 2024, and he's really going of the to do some real interviews and address this. maria: all right. we've got to jump. guys, great to be with you this morning, mark tepper, kara frederick, rob smith. "varney & company" picks it up

here. stuart: good morning, maria. and good morning to the everyone. the president reeves for irelan, it is a goodwill visit. but around the world war talk is making headlines. china has completed three days of military drills where they surrounded tie expwarntion china is, quote, prepared to fight, end quote. the document breach raising the a anxiety level as new dethe tails showing the precise status of every ukrainian brigade right down to the number of rockets and missiles he was and when they will run out. no statement from the white house,9 and the president is not holding a news conference on ukraine or china anytime soon. perhaps, perhaps war with talk has something to do with the rise of bitcoin. maybe that is a stretch, but there you go. bitcoin has now hit $30,000 per coin, $30,127 as of right now. as for the market, as in stocks, pretty flat. actually, very flat. that's just ahead of two days'

worth of inflation reports tomorrow can ask thursday. the dow may be down 10, nasdaq a may be -- i'm sorry, dow may be up 10 or 11, nasdaq maybe down about 20. here's the price of gold. with war talk around the world, it's still above $2,000 per ounce, $2,013, to be precise. the yield on the 10-year is down to 3.40%, and the yield on the 2-year is down to the 3.97. if that's below 4%, that's important. on the show today, wows considers using tiktok -- the white house considers using tiktok influencers to help the biden re-election campaign. ironic, isn't it, since there's a bipartisan move to the ban tiktok outright. it's possible the tiktok influencers will will have their own room in the white house briefing room. how convenient. in san francisco, whole foods calls it quits. one store is being closed. they can't cope with rampant

crime and drug addiction. maybe the stabbing death of a high-level tech executive mt. city last week was a turning point. maybe, we'll see. it is tuesday, april 11, 2023. "varney & company" is about to begin. ♪ ♪ if -- ♪ ♪ more, more, more, then jump for my love ♪ stuart: jump. [laughter] jump for my love, the pointer sisters. the producers are trying to associate jump from the pointer sisters with the jump in the price of bitcoin this morning. lauren: it has jumped. stuart: jumps -- jumped, right. to associate the song with that is a stretch, but that's where we are. bitcoin is now at $30,118 per coin. good morning, lauren. lauren: morning. stuart: how do you explain this surge? lauren: i think it's because of

the fed. investors are betting the fed is near done increasing interest rates because inflation's cooling. happening one day before cpi tomorrow. i think it's a pretty bold bet. stuart:st a bold forecast on your part. [laughter] lauren: true. the fed pause if hope is sending bitcoin up more than 80% year, it retook 30k, first time in ten months, but there is banking chaos that we do have to deal with right now. i think bitcoin gives some investors hope as an escape route, as a financial alternative to some banks. stuart: hold on a second, everybody. david bahnsen is -- lauren: not buying my argument. [laughter] stuart: we'll get to your debunk of bitcoin many just a moment, okay? >> that's okay. stuart: hold your fire, lad. the white house press secretary, that's karine jean-pierre, she was questioned about the lack of press conferences from president biden. watch this, please. >> reporter: is administration trying to protect the president from our questions? please, answer that question --

>> absolutely not. absolutely not. >> reporter: then why the lack of any interaction in a formal setting to have a press conference? >> i mean, the president takes shouted questions, the presidens stood in front of all of you, has taken questions on his own. so i'll say this, it is also unprecedented that a president takes as many shouted questions as this president has. stuart: shouted questions, there's a difference there. brian brenberg is with us the morning. looks like the basement strategy continues despite all the war talk. it worked in 00, the basement strategy -- 2020. will it work in '24? >> yeah. i hope it doesn't because the world needs a u.s. president right now with some energy. stuart, you started this segment with the pointer sr.s' jump, i was watching you cannes. i don't need a president to dance, but the reason we won the cold war in part is because ronald reagan didn't just do things right on policy, but he was out front articulating american ideals.

world paid attention to him, they ignore president biden. stuart: you couldn't ignore president trump. he answered questions every single day of week. he'd walk out of the white house, and before he got on the helicopter, you would see him work the line. >> grow didn't have to shout at -- you didn't have to shout at him. he answered question -- every question at that podium. why? message matters to the world and to the american people. stuart: the aforementioned david bahnsen is with us, and we will get to the his bitcoin takedown shortly, but first, i don't think biden runs in 2024 the, do you? >> well, i do not. and i hope you got that opinion from me. i think i'm out on a limb with it, but i have a higher conviction. st the absolutely unprecedented this late into with a term that an incumbent president would not have announced his candidacy, be raising money, be meeting with people people, and i really believe he was a specific,

intentional strategy. they hope they get to run against president trump. they believe these indictments are drawing the republican party more to him, that he ends up being the nominee, and then the democrats really believe that they'll be fine the with whoever ends up having to fill in. if they end up with a different nominee than trump, i think they then have to fill somebody many, and as i've said on your show before, i really believe they're setting the table for that to be governor gavin newsom of california. president biden is too risky to run are, that's my opinion. stuart: now you get your 30 seconds or whatever time you wish to debunk bitcoin and the rally to $30,000. >> yeah, it doesn't take 30 seconds. [laughter] the discussions to why it goes up and goes down is a difficult one for me because there is no reason. it's a ponzi. it goes up when everyone wants it to go up. last year we said, well, there's so high inflation, that's going to the make everyone run to bitcoin. it dropped 75%. now the fed's about to loosen, so that brings speculators back in. so that's what it is, speculative. i tend to agree with lauren,

there's no question that inflation's coming down, the fed will end up loosens -- loosen,, but why should that affect bitcoin? stuart: quickly on the market, i think it just wants to go up. and you say -- >> well, i think that in a free enterprise system, lofts always -- profits always want to go up. the problem is that we have other issues we're dealing with economically. there's still uncertainty on the recession front. lower beta the, less risky socks are doing a little better right now. stuart: we're not headed to new lows. >> to no, we're not. stuart: david, thanks very much, indeed. i want to bring brian back. you've got a special today, it's called the big money playbook. >> yeah. st a big town hall. we're going of a studio audience, they're going on the asking questions on the issues they care about with the economy. look, president biden has failed on the economy, but we as individual citizens can make

good choices to build a future even if policy's not great. kevin o'leary, charles payne with us, great conversation, great time, 1 p.m. eastern. stuart: you have a live audience. >> a big live audience, stuart. i've seen you work a crowd before, i took notes. [laughter] i think this is going on the really good, yeah. you've got to the tune n. stuart: i promise i will. lauren: i'd love to see those notes. stuart: success this afternoon concern 1:00 this afternoon thanks, brian with. financial regulators meeting the week, what's janet yellen's message going to be? lauren: nothing to see here, the u.s. banking system is safe, it's sound. she's supposed to say that. but what about the spillover effects causing the tightening of financial conditions? the nfib just put out a report this morning, 9% of small businesses that get opinionsing saidst the harder now -- financing said it's harder now to get a loan than a few months

ago. that's the highest number since 2012. it could be an ec e coatal, it could be the start of a trend. stuart: bahnsen's laughing. >> it's higher than 9% in real life. in the last two weeks, we had the least amount of lending we've had ever, so i think the credit's absolutely freezing up, and small businesses will end up feeling that. it'll take longer to work its way through the system. i want to ask why janet yellen has to explain to the global regulators how we're doing. why don't the they explain to discuss how they're doing? lauren: china will be there, the first time they're there in person in three years. that'll be big. china will show up. i believe both the central bank governor and their version of their treasury secretary. stuart: what do you want to hear from yellen today, briansome. >> i can't to the hear anything from yellen anymore. [laughter] she has said quite enough, frankly, on the banks. we have no no policy from this administration on how to build a solid banking system right now, and that's why credit's freezing up. that really gets me concerned about this coming year. small businesses need to borrow

if they're going to grow, very hard to do that in this environment. stuart: okay, i'm moving on. actually, this is back to bitcoin. we've got a new report about the new leadership at ftx and the cause of the ptx collapse. the ftx collapse. who are they blaming? lauren: management. basically, sbf, sam bankman-fried. i'mgoing to the quote from that report from new management, john wright: management stifleed dissent, comingled and misused corporate funds, lied to third parties about their business, joked or internal hi about their tendency to lose track of millions of dollars. on one occasion sbf said, well, alameda was unauto-- audit bl. and they would just find $50 million literally lying around and they said, quote, such is life. so this report slams the hubris, the incompetence the of regulating a company of that size. stuart: bahnsen's laughing

again. >> what are they talking about the, regulating what? who was regulating -- lauren: nobody. >> not ec tenter leglation, not internal regulation, so i'm glad it took them six months to figure out it was incompetence. there you go. >> they were going to change the world, remember? effective altruism? when progressive es say they're going to the change the rompled record, that's their plan, we have no idea how middle works. lauren: or to how to pay for it. stuart: we've got, what, 19 minutes before the market opens. futures indicate a pretty flat day all around. waiting for two days' worth of inflation the reports wednesday and thursday. coming up, trump, mr. trump, he tried to discourage governor desantis from making a 2024 the run. he says a desantis campaign would only hurt the republican party. we're on. that however, nearly half think trump should suspend his campaign after indictment. former arkansas governor mike huckabee reacts to that. and then there's this, there's a lot of talk the, war talk.

we have a pentagon leak, and china says it's ready to fight. does the u.s. look weak? i'll ask army veteran james carafano next. ♪ ♪ at adp, we understand business today looks nothing like it did yesterday. while it's more unpredictable, its possibilities are endless. from paying your people from anywhere to supporting your talent everywhere, we use data driven insights to design hr solutions and services to help businesses of all size work smarter today. so, they can have more success tomorrow.

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stuart: we have inflation reports coming tomorrow and thursday. the result is market, stock market, pretty flat in advance of those inflation numbers. dow up maybe 30, nasdaq up maybe all of 2 the points. i'll call that flat. the county can of dee fence says it is the working around the clock to the determine the extent of the recent intelligence leak. what information do we have so far? lauren: not much, and i think that's the most alarming part

here. the pentagon is working to determine how kid this happen, how bad is it, who's responsible for it. we have to the talk about the timing. this is a wartime leak of critical information about ukraine's air defence vulnerabilities. right when russia might launch their spring offensive. ukraine is beret thed here. why would they -- betrayed here. why would they ever trust us with intel, right? john kirby can not confirm if the leak is containedded or an ongoing threat. the department of justice the launching a criminal investigation, was this an a inside job or is someone else, another entity the, to blame. we do not know. stuart: raises the anxiety level because maybe there's more to come concern. lauren: jennifer griffin at fox is reporting this could be worse than wikileaks. stuart: ouch. all right. fox's david spunt questioned john kirby about why president biden won't just pick up the phone and call china's xi jinping. roll ape. >> reporter: we've been told this call's coming for months.

why hasn't he just picked up the phone to call president xi to say, knock if it off in. >> the president looks forward to having another conversation with president xi, and we'll keep you apprised of that. it's important those lines of communication stay open. the tensions are certainly high right now. we like to see this relationship get on to a better footing, and when it's appropriate for the two leaders to the talk, then that'll happen. stuart: joining us now, lieutenant colonel james carafano with the heritage the foundation. colonel, there's a lot of war talk around at the moment. to me, it's ominous. do we look weak? [laughter] >> asking if our enemies think joe biden looks weak is like asking if hannibal elector eats meat. really, is that a question? stuart: okay. [laughter] so we're not doing anything by the looks of it. we won't pick up the phone and call xi jinping, count seem like doing anything.

>> he won't answer the phone. strategic ambiguity is not ambiguous at all. the united states and china both have vital interests in taiwan. the status quo actually serves those interests. so for either side to upset that creates a lot of risk that could be really disastrous for both sides. the united states still has a military that china has to contend with, and i think we've seen that in the fact that the chinese willing on the incredibly demonstrate thive, but are they willing to to cross a line and start a car. concern a war with. they look at the calendar, and they think here's a guy that might not be around in the two years. and every day they wake up and pray to whatever god they pray to that they have joe biden here so he can figure out how to take best advantage of that. what they're doing right now is they're demonstrating how weak and feckless he looks compared to the i chinese. and there's a reason why macron goes to china, ostensibly to negotiate on ukraine, and comes back basically saying, oh, well,

we should abandon the americans completely. because the chinese are telling him, dude, do you really think that joe biden has your back? stuart: is -- europe's walking away from the if u.s.? >> i don't think it ises. i think this is probably macron's worst hour in foreign policy. the reality is, is the europeans know there is no european security without trans-atlantic security, and there is no trans-atlantic security without the u.s. so for macron literally to come back and insult the president of the united states and say we don't care about america's interest in asia, which makes no sense because the french actually have of all the european countries, they're ones who actually do have interests in asia. so the whole thing is really all about joe biden and how everybody figures out what do we do with the weakest president we've had in modern american history over the next two years, and a lot of people are looking, and china's playing this card, and macron really just plays into their hands. sawrt stuart the danger here, presumably, is a mistake on

either side. i mean, we're lined up against each other. a mistake on either side, and you have got an escalation, and who knows where it goes. >> yeah, well, that's always the danger of foreign policy is that somebody does something wrong and stupid. but this is where -- what's the margin of error here. it really comes back to the u.s. military. the u.s. military capability is the insurance card against things really spring out of control. so again -- spinning out of control. again, joe biden, look what he's cone the last two years in the u.s. military, how he's prioritized green energy and diversity policy and everything but military the readiness and how he's introduced ridiculously flat budgets that don't really address dealing with the rising china threat. and the chinese just look at numbers and they say, not today. but look down the road four, five, six, sin years, america -- seven years, america's a paper tiger. and then it comes back to presidential leadership, and that's why the world is riskier today than it was before the day

joe biden became president. stuart: okay, we've got it. strong stuff. mr. carafano, thank you concern colonel, sir, thanks very much for joining us. >> thank you. stuart: now this: the u.s. has officially announced that the "wall street journal" reporter evan gershkovich was wrongfully detained, their words, wrongfully detained by russia. what's important about that official designation? lauren: it gives the government the ability to unlock resources to free him. his case now transfers to the a special hostage office, and they can negotiate ways to get him out of that russian jail. wrongfully detained, that status is so rare to get, like 99% of americans overseas don't have their cases officially designated as such. and it usually takes a long time to get it. so he got it in weeks. i call it a promising sign that the state department is actively working to free him. stuart: he's a hostage. there you go. lauren: freedom of the press ooh too. stuart: all right. check futures, please. we've got some green on screen.

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stuart: futures suggest a pretty flat opening bell this morning. dow up maybe 50, nasdaq down maybe 9. david the nicholas with us this morning. david, i'm going to subject you to my opinion. growth is slowing, rate hikes are slowing, inflation is slowing, and that's when you get a rally. what's wrong with that analysis? [laughter] >> stuart the, i think you're pretty spot on. we've got fresh unnation data coming this week, and that's going to determine the fed's next move. but the fed has a credibility crisis right here. the market would love for the fed to pause this week but, look, the fed is not going to the pause until they are sure that the fight against inflation is done. but, stuart, you're exactly right, the bulls are winning right now. there are a lot of bears on the sideline that have egg on their

face. they've missed a 15% rally in the past 6 months. this market wants to head higher, and it's exactly for the reason that you said, stuart. the market is not trading on what inflation will do next month, it's on what inflation expectations will be next year. and i've had yet anyone tell me they think inflation is going to be the substantially higher a year from now. the market thinks inflation's heading lore, that's why we see markets heading higher, stuart. you're right. stuart: now, that's stocks. i understand that you're interested in gold. okay. for those of our viewers who might want to get into gold, it's above $2,000 an ounce right now, how do you get into gold? do you buy gold mining shares? gold coins, bouillon? what do you buy? >> gold futures just posted their highest weekly close. whenever gold hits all-time highs, that generally means it's heading higher. i like owning the etf, gld is a great way to own gold. you don't have to pay commissions, there's no broker

fees, but the other way to play it is through the miners because if the price of gold is heading higher, the cost to mine gold doesn't go up, so gold miners become more profitable. there's an etf, gxd, that allows you to get exposure to the miners. we think you can find some nice upside -- stuart: why is gold rallying? is it a war talk play? >> yeah, it somewhat is. if the dollar is softening, that usually is good news for gold. so we think the it has a lot to do with the dollar. and we just think investors are looking for an area where, yeah, geopolitical risk abroad with, essentially here at home, but a lot of it is focused if on the dollar. stuart: all right. buy gold. thanks very much, indeed. david nicklaus. ten seconds to go, and the market opens on this tuesday morning. not much price change for stocks in the early going. i keep saying this, but we've got two significant inflation reports coming tomorrow and thursday.

that's kind of the market put on hold. in the early going, yeah, we got it right, the dow is up 50 points, that's all you got. but the big boy, if you look at all the dow 30 stocks, the majority, i'd say the vast majority, have opened on the upside. so modest buying this morning. where's the s&p 500 this morning? i'll tell you right now it is up a fraction, .09%. the nasdaq composite is down a fraction, down .07%. again, not much movement. big tech, meta is up. apple is up. alphabet, microsoft, amazon are down. please, can we just check alibaba? i ask because it's rolling out its own version of chatgpt. it's up only three-quarters of 1%, but i see microsoft way down this morning because of this chatgpt thing, susan. susan: i actually think it's because of profit taking from moth given that we've seen maybe an 18% rally so far on this a.i. you forya to start this year. -- euphoria.

but alibaba initially rallied 3% on the back of this news. the competitor that it's rolling out, alibaba has chinese competitors like baidu which is the google of china. if now, i will tell you the chinese name of this new alibaba chatgpt competitor, but in english it means truth from a thousand questions. isn't that just so -- stuart: i like that. susan: -- so poetic? alibaba will incorporate this new a.i. into its service, think of the internet home service that they provide to the a lot of appliances initially in china. but everybody is getting into the a.i. race. net ease, which is another chinese dot.com also will have its own a.i. chat bot, but beijing says, okay, wait a second, we know this a. i. war is on, but there are rules you need to add here to on data -- adhere to on data security and personal information protection, right? so that might be a caveat when it comes to a.i. in china

compared to here in the u.s. as i mentioned, microsoft, i think it's just giving back some of that a.i. rally we've seen so far. stuart: you may not be able to answer this question, but if you ask one question to an american chatgpt and the same question to a china-based gpt, would you get the same answer in. >> alibaba says it's multilingual, so it'll take you- stuart: but would the answer be the same? susan: i haven't tried it, but you would imagine that it would be trainedded on the same data sinces the available globally. stuart: okay. susan: a pretty good answer. stuart: that was good. bitcoin, $30,000. that what's the storiesome? susan: i'm not sure this is exactly sustained. look, it's a 10-month high for bitcoin. it's not new money coming in. volumes are still thin. the price moves are exaggerated. you do have activity volume still depressed according to calls that i've had with individuals in the crypto markets, so this is just bitcoin holders, you know, 70% of these

bitcoin whales haven't moved any of their crypto in the last few months, so they're just adding to their position because it looks like they might have extra cash knockout that the rate-hiking cycle looks to be done. stuart: all right, we will take that explanation. next case, newmont mining, gold company, going to buy new crest, gold company. why do i care? susan: you were just talking about gold -- [laughter] gold has underperformed as a hedge so far, it's only up around 10 percent, compare that to the 80% gains in bitcoin so far this year. but it kind of makes sense to consolidate. the gold minor, as you mentioned, it looks like they are increasing their bid to buy new crest at $19.5 billion, might as well take advantage of the opportunity if you see prices higher in the future. stuart: okay. 2,015 for gold right now. tesla struggling -- no, it's not struggling, it's up 1 is.5%. susan: yeah --

stuart: i thought musk had some negative headlinesesome. susan: with twitter, of course. but here's the thing about tesla, because of the fifth price cuts here in the u.s., we've seen this stock down 15 over the past month. yet it continued a 5-day losing streak, so i think this is just a bounceback with the realization, sure, margins are coming back because you have to cut prices to drive the demand. but still, you know, this stock is up 50% so far this year, and this is a demand story. stuart: yeah. susan: by the way, you've seen those record deliveries in the first quarter already, so you kind of know what's in the report card. i think the quality of profit will be important. stuart: i was many florida over the weekend and, man, they're getting teslas down there. just like california but not quite. [laughter] susan: does stu own one? stuart: no, i do not. warren buffett increasing his investments in japan. what's he doing and why? susan: he's buying japan but selling taiwan on geopolitical concerns with china.

so what he's doing is, well, he's made $4 billion off a $6 billion investment in japan initially in those five trading houses i think is already very buffett-y because if you make close to the 80% in two years, that's pretty good. he's now upping his stake in those five trading houses to 7%. the thing is, he's selling other parts of the region. so think of taiwan because of china, right this you had taiwan semi which makes all those chips for apple devices. he initially had a $4 billion investment in taiwan semimoye. -- semi. he actually sold off 80-90% of that stake initially, in a few months. and that's not the buffett side, he's a high conviction, long-term trader, so that that really, i think, shook nerves across region. but the fact that he's buying into japan, everybody -- japan is hot again. not just buffett, but think of ken griffin, reopening sit dell offices about a 10 -- after a

10-year absence, and steve cohen, who owns the mets, is increasing his supply in the yen, do you know why? stuart: tell me why. >> it's cheap. the cheapest since the 1980s. you remember those days. stuart: when the imperial palace in tokyo was worth more than -- susan: that's a frank lloyd wright-designed architecture bar. stuart: really? you learn everything on this program. susan, thanks very much, indeed. i want to know about dividends, and we have david bahnsen with me now. first of all if, h&r block, what does it pay, why do you like it, and will it keep on paying more? >> it pays about a 3.5% yield a right now. the up 80% last year when the s&p was down 20. it's come down a little bit from those highs, but they really did a great job right-sizing the business, getting rid of some of their peripheral businesses that

were hurting them and focusing on tax returns. they grow the dividend 5% per year. stuart: oh, we like that. 3m. >> it's a 5.9% yield, so it's a high yield, and here's a historical fact: or the longest dividend grower in american history. navy been growing the dividend -- they've been growing the dividend for over 100 years. there were some different predecessor companies in the early to 20th century, they're going to come out of it, and i think 3m is a great dividend grower. stuart: david, thanks very much, indeed. coming up, president biden reported lu using hundreds of tiktok influencers to help his 2024 the bid. seems like this is part of his basement strategy which worked in 2020 the. will it work in '24? that'll be the subject of my take top of the 10:00 hour. then the biden administration's spending our way to a green future. what does that mean to the economy? you spend trillions on green, what happens to us? larry kudlow next. ♪ baby, charge me up.

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♪ stuart: president biden spending trillions of dollars on his green agenda. however, turns out that china is the one reaping some of the benefits from all this spending. grady trimble at the white house. how exactly is china benefiting, grady? >> reporter: stu, chinese companies are working to the build electric vehicle battery plants here in the united states, and in some cases they're getting huge tax breaks to do it. two former u.s. ambassadors under the previous administration have established a watchdog group to sound the alarm on chinese investment many in michigan's auto industry. they specifically point to two projects, one a partnership between ford and chinese company

catl, the other a project by china-based goshen high-tech, catl is also reportly in talks with tesla. michigan governor gretchen whitmer has promised them a combined $4 billion in tax and other incentives according to the watch cog group. it's not -- watchdog group. it's not clear if they'll get federal subsidies as welk, but the white house count seem ooh the worried about china cashing in on the biden administration's green energy goals. >> we want to competition the, not conflict. that's where we have always moved with china. you heard my colleague speak specifically on where that relationship is, just don't have anything specifically on the electric vehicles. >> reporter: -- chinese companies coming in and building ev plants -- >> again, i don't have anything specific as it relates to the china electric vehicles. >> reporter: and all of this this comes as the administration is set to announce new tailpipe emissions standards for gas-powered vehicles to boost ev

sales. of course, most of the batteries in those electric vehicles come from china, so if these u.s.-based projects get the go ahead, china would also have a hand in our domestic battery production. stuart: grade key trimble at the white house, thanks very much. i need more on this green spending, so let's bring in larry kudlow. we are spending trillions on our way to the green future, larry. my question is, what because it do to the economy now? >> well, look at, it's probably ad quite a bit of inflation. i mean, i don't know, the inflation reduction act -- misnamed -- has now been reestimated by wall street at $1.2 trillion. 1.2 trillion. lord knows what the infrastructure bill a couple years ago is going to cost and other bills. i mean, they probably spend several, $3 trillion, that's too much money chasing too few goods. we are helping china. but the latest kick here, i

mean, this is a lot of fun. electric vehicles, right? the big story, i think, is the epa is going to come out in the next few days really, and they're basically going to try and mandate, let's see, by 2030, stu, by 20 the 30 they want 54% of cars to be electric vehicles. by 2032 they want two-thirds, okay, call it 67% of cars to be electric. right now, this is 2023, there are exactly 7%. and a new university of chicago poll sponsored by ap, just 19 of american adults say it's the -- 19% of american adults say it's very or extremely likely they'll buy one because it's too expensive, by the way. and half, 47%, say it's not likely heir going to buy one. stuart: they're pushing us into it. they're forcing us. >> they're jamming it down the our let doctors.

stuart: yeah. >> down our throats. >> it does help china, as grady said, and it will continue to help china because we to don't have the battery makers. and also i think there's a lot of politicses. like solyndra many years ago during the obama days, there is so much money sloshing around to be given away to various green energy producers whatever they're producing, you're going to have political fixes, ask you're always going to be to have bankruptcies because a lot of these companies -- i mean,st it's like the silicon valley thing. they're giving money, they're making loans to tech start-ups that went under. this is the same sort of thing. so the has come to no good. and, of course, as you know, i mean, look, what is it, 14, 14% cpi increase by the bidens if from february '21 to february '23. and a lot of that's energy. a big chunk of that's energy.

so what are we doing? we're competent on the saudis -- dependent on the saudiss, we're more dependent on russia, on china, and then again we've depleted strategic petroleum reserve, and they had a chance to fill it and they haven't filled it yet, so we're damaging our energy and national security. whole story's crazy. it makes me head swim, it does. it's too early in the morning, makes my head swim. stuart: when you pull it all together, the president's enroute to ireland. we just look weak, don't we? >> yeah. stuart: every possible story, we look weak. >> yeah, we look very weak if you go through afghanistan and you go through the ukraine and you go through china. sure, we look extremely weak with respect to russia, with respect to the e.u., but i have a soft spot in my heart, i ray elle -- really like ireland. the republic of ireland has among the lowest tax rates in all of europe.

and and for that that matter, all the world. if i'm not mistaken, their corporate tax is still 12.5%. ours is 21. bidens would like to make it 28 or 30. they have the strongest economy. so i know biden's blundering his way through all foreign policy, but i love what ireland is doing. low tax rates, supply-side country. best growth in the europe. think of it, suh, how great we'd be if we had a 12.5% corporate tax rate right here in the u.s. think of it. stuart: oh, please. keep it going. i'm going to watch you at 4:00 this afternoon, larry, your show on this network -- [laughter] i think you're going to pound that issue into the ground later on today. good for you. [laughter] larry kudlow, 4:00 week case on fox business. all right, coming up, turns out weight loss may not be healthy once you with reach a certain age. a new study shows weight losses in older adults is associated with early death and life-limiting conditions. where is dr. can marc siegel?

i'll tell you, he's on the show coming up shortly. and there's mayor swift, has a certain ring to it, doesn't it? the mayor of tampa is welcoming taylor swift with's eras tour stop in a unique way, surrendering the key to the city. details on that coming up. we cover it all. ♪ yeah, i'll e tell you now you're the lucky one ♪ fresh, warm hot dogs! when i'm not selling hot dogs, i invest in a fund that advances innovations like robotics. fresh, warm hot dogs, straight out of my torso! one for you, one for you. oh, you're a messy one. cool, right? anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. hot dogs! fresh, warm hot dogs! before investing carefully read and consider fund investment objectives,

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stuart: to do you see that, taxed to the max? i love it. the deadline to file taxes is one week away. as of right now the average refund is down nearly 10% from

this time last year. gerri willis has the story. why are refunds down? >> hey, stuart, it's the expiration of pandemic tax benefits. let me explain. a week away from tax dray the can, bad news for taxpayers, refunds getting smaller in part because more people are filing. listen. >> this is probably our first normalizing tax season for folks being used to where we were prior to the pandemic in 2019 is. and that is reducing refunds cover all. >> the average refund for tax year 2022 is coming in at $2910, that's down nearly 10%, as stuart said, year-over-year. the change could be critical for many, according to a bankrate survey, refunds are, well, they're regarded as important to the vast majority of taxpayers who receive them. blame the expiration of pandemic benefits including increases in the child tax credit and earned income ax the credit which haven't been renewed. and while the irs claims refunds

for 9 out of 10 filers are delivered in 21 days or less, that's what they say,, the take longer if you file on patient or make an error. check the irs' find my refund page to find out when you'll get your money. tear delaying new tax reporting requirements for folks making $600 or more via apps like ebay, etsy, paypal. previously, that threshold was $120,000. now -- 20 the ,000. now, tease companies are calling on congress to raise that threshold, but unless congress changes the rule, you'll have to comply on your 2023 tax forms, and that means collecting info this year for april 2024 the tax the reporting. stuart? stuart: for everything $600 or more. >> yeah. which, i end mean,st it's going to be the really confusing because people are selling all kinds of stuff on the web, right? stuart: they are, indeed. thanks, david, for coming in for the hour, we appreciate that. david can bahnsen. still ahead, the former

governor of arkansas, mike huckabee, katie pavlich, dr. marc siegel. the 10:00 hour is next. ♪ you're simply the best, better than all the rest. ♪ better than anyone, anyonesa i've ever metit ♪ you can't buy possibilities, and you can't buy moments that matter. but you can invest in them. .. and that's where our strategic investing approach can help. t. rowe price, invest with confidence.