from unitedhealthcare. smart now, really smart later. - 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? what, that? no, don't worry about that. here we go. - asking the right question can greatly impact your future. - are, are you qualified to do this? - what? - especially when it comes to your finances. - yeehaw! - do you have a question? - are you a certified financial planner™? - yes. i'm a cfp® professional. - cfp® professionals are committed to acting in your best interest. that's why it's gotta be a cfp®. find your cfp® professional at letsmakeaplan.org. larry: antony blinken will be put under oath, and he will be forced to tell the truth about his political dirty trick and then resign as secretary of state. and then we will all watch elizabeth macdonald. that's all. elizabeth: yes. of everybody should. everybody should watch you. you know, you wonder what hunter and antony blinken were talking about, skirting foreign lobbying

restrictions. remember, they went after general michael flynn over that, so who knows? we'll stay on story too -- larry: influence peddling. elizabeth: that's right. larry kudlow, you're risk. thank you so much. it's good to see you. this news coming in, let's bring in fox news contributor liz peek. you know, liz are liz, we're watching the regionals, hearing reports trading desks are really concerned the white house and congress not ready for possibly more bank failures. look at the regional banks taking hits today just a day the after jpmorgan agreed to the take after pairs republic -- first republic bank, liz. >> yeah. and i think the jamie dimon said that was it, we could now breathe. you know, liz, the problem is we had charlie munger at berkshire hathaway, another guru of omaha, talking about commercial real estate, and that that kind of got all the analysts on the street looking at what the commercial real estate exposure was for a lot of smaller and regional banks. guess what? there is some. so that was a problem.

and look, here's the incredible thing, we have never, ever had a financial shock such as bank failures, the second, third and fourth largest bank failures in our history and had fed continue to hike rates. so why are banks failing, liz? because of the fed rate hikes. what is the fed poised to do origin? hike rates again. it is almost unimaginable to me. is so, yes, we have a problem. all these banks have a lot of underwater assets, and that's the problem here. elizabeth: so what liz just said, let's bring in congressman beth van duyne from house ways and means. congressman, is the white house -- is congress ready? because markets are now taking out the weakest links. regionals continue to underperform the broader stock market by the biggest margin ever. they're doing much worse than how they performed in the 2008 financial crisis. biden white house tries to the claim first republic, silicon valley, signature bank just outliers but, congressman,

markets are warning a possible tenth straight rate hike tomorrow from the fed to stop inflation under white house will slam the regionals. the banks' sources are talking to "evening edit." there are no more white knights left to the take over the next bank failure. the banks are already stretched thin. >> definitely stretched thin. the banks that that made their business model with, you know, 0% interest are problems. they did not self-correct when they should have. but the problem is because as a direct result of the biden policies. you know, the biden policies, the extra spending, the extraordinary the amount of spending, the trillions of dollars that they threw out into the economy expecting, they should have expected that inflation was going to increase. we have seen it nearly every single month an increase since biden got elected. what we were told was it's transitory. okay, it's been two years, it's not transstory. the biden administration's as trust wore u think as gas station sushi.

the fact is, is that they've been lying to us. [laughter] republicans have been warning them for years, stop with the spending, stop throwing money out. get people back to work. they've ignored it, and what you're seeing is the banks that are going out of business. they're going to continue to go out of business. and you're right, you know, there's only going to be so many white knights to come in and save the day. jpmorgan, you know, did in this time the, but who's going to do it the next time? elizabeth: yeah. liz, who's going to do it the next time? commercial real estate acting like boat anchors in this drunken party the banks went on with buying up warehouses, conocos, real estate development, health officials, you know? also this, there's talk, liz, the trading desks are talking, and moody's and fitch has already warned this, there could be another u.s. debt downgrade. we saw that in 2011, the obama white house went ballistic when s&p took the u.s. debt, credit rating down to aa+. ga ao found the government wasted more than a quarter trillion dollars in improper

payments from 20 the 21 through last year. so what would happen if the biden white house was hit with a u.s. debt downgrade? it would be embarrassing for the u.s. around the world. >> well, i think it's more than embarrassing. first of all, liz, what would happen? they'd blame it on donald trump. i don't know how, but that's what their first response would be. look, i don't think that's going to happen, although it could happen, and what we're seeing in the market today, in fact, i just tweeted this out, 3-year treasuries yielding 5.2. sorry, 3-month treasuries. i'm not sure i've ever seen that before. a year ago they were under 1%. again, what we've witnessed over the last year is an up precedented accelerating rate hike response from the federal reserve. congress was exactly right, this is, it was too late and, therefore, it's been too abrupt, and the banks were not able to adjust. i think, look, i don't think any

of the big banks are vulnerable in this at this point. i do think there's going to be some commercial reality loans that go -- real estate loans that go bad. i don't think that's entirely the fault of the lenders -- elizabeth: but we could have a bank failure where no bank buys that rotten, you know, bank assets. that could happen, liz. >> yeah, but don't forget there were if five or more bidders on the most, on the most recent one, on the most recent bank. and we have other banks like bank of america and some others that were in that mix. elizabeth: i hear what you're say, but those bank stocks are under pressure. tear now getting even bigger despite, you know, far left complaints about big banks. congresswoman, the white house press secretary said today president basically wants unlimited spending. so spend the debt limit without conditions. and he's, the president still won't negotiate over the same reasonable spending reform and cuts he agreed to the as senator

and as vice president. he hasn't talked to speaker mccarthy since february 1st. let's get your reaction to senator mommy on this. -- mitt romney. why is the president delaying with two weeks to go? >> we've known this was coming for a long time the, and the white house keepses saying we won't negotiate. i'm, frankly, a little appalled that leadership in the white house has not taken this seriously enough to sit down and negotiate many if good faith and get something done on a timely basis. we're in may now, all right? we've got to move. and it's simply acceptable -- unacceptable for people to begin to worry whether they're going to get social security checks. it's a little late now. it's may 2nd. let's get together and get this cone. it should not hang over the american family likes. elizabeth: that's right. and you know who gets hurt in a bank crisis and a u.s. debt downgrade i crisis? s it is the american family,

congresswoman. it's their 401(k)s, their retirement, their pensions, their savings accounts already taking hits paying higher bank fees for these failures. why is the president putting into dangerous play the full faith and credit of the united states for his big spending and climate change agenda the that actually cost triple what he initially said with little to the no oversight? spending reform that he agreed to in the past is not maga, it's not draconian. why is he sitting on his hands? >> because he knows he's got very, very bad approval ratings, and he's doing everything he can to to try to buy votes. this is all about appeasing the far left, hiking that's going to get him back into the white house for another four years. the fact is it's not just working families, it's also small businesses. it's not just the small community banks that are going out of business, but it's all of these small companies, these small, you know, start-up mom and pop, working family businesses that are going out of business because of the raging

inflation, because of the horrible supply chain crisis that we've got and the fact that we've been paying people more to stay home than go to work. elizabeth: and rate hikes. and rate hikes going up. congresswoman van duyne, liz peek, thanks for joining us. liz, we'll see you later in the show. we've got escalating conditions about a deepening u.s. bank crisis. watch the canaries in the coal mine. the regionals taking big hits today, but the white house wants to make bank mortgage lending even more risky by forcing middle class americans who kid the right thing, saved up and improved their credit scores, to pay ferries aringier mortgage -- for riskier mortgage borrowing. more than half the states are saying this is a disaster in the making. grady trimble has the story live on capitol hill. >> reporter: hi, liz. republicans are trying to undo this new rule. under it mortgage fees in general would go up for those with higher credit scores and down for those with lower credit

scores. gop lawmakers here on the hill agree with those state finance officials you reference. they say that this rule is not only unfair, it could also be dangerous. >> this is the most, you know, half-baked idea that i've seen hem roll out. -- them roll out. what i really get concerned about, again, is stability in our financial markets. we're already seeing banks being taken over by other banks. this is nothing more than creating a catastrophic cascade effect on our small banks in the mortgage business. >> the top democrat can on the senate banking and housing committee is defending the new mortgage pee structure. senator sherrod brown says it could help lower income home buyers or those whose credit scores have taken a hit for other reasons. >> there's people that don't have quite as good a credit score, maybe they had a medical emergency not of their choosing or a car accident or a workplace injury. i want those people to have a

shot at the american dream and be able to get a mortgage. >> reporter: conservatives argue though this new rule is another example of overreach by the biden administration in order to push an agenda. in this case, liz, home-buying equity. liz? elizabeth: grady trimble, terrific journalism. great reporting. look who's back with us, congressman greg steube. congressman, it's good to see you again. >> yeah, good to see you. elizabeth: now, it's stunning that in this biden white house wants to penalize middle class borrowers who put down even more of a down payment, improve their credit scores. it's going to hurt them, hurt the housing market even more. it's already in a slowdown from rate hikes. home sales are depressed. and now this is a middle class tax hike. that's what these states are saying. >> well, and this is just a walk towards socialism with this administration and they're completely usurping the constitutional powers of congress. of they're doing all this through rulemaking, heir doing all this through the administration, they're doing all this through executive the orders, not through congress

because this would never pass through congress where you're rewarding individuals who don't have good credit scores and penalizing those who do, who have done, managed their finances well and done due diligence. and what you're going to end up having in a few years is a lot of risky loans that have been cone on a housing market and when people start defaulting because their credit's not good, it can the bring down the entire stock market, the real estate market and everything. elizabeth: yeah. why to do taxpayers and people who did the right thing have to pay for this insanity? you know, is congress, is the house going another the anything to stop it? because we've got senators marco rubio and roger marshall, they sent a letter to the federal housing finance agency director last week saying the fact that this is happening, that heir flaunting credit risks, just a decade the and a half after the housing-led 2008 financial crisis is, quote, staggering. so is the house going to the try to move anything to the senate

on this is? >> yeah. i've signed on to a letter too but, again, it's just a letter e: i think the house needs to take action on this. it'll pass the house, but then the question is, is chuck schumer going to the call this to the call on the white house which you know he's not going to do. so unfortunately, we don't have 60 votes in the senate, and we're going to have to maybe fight this through some type of legal action. i mean, this is a complete usurping of the legislative authority that is inherent in congress, and it's going to damage the economy and the housing market long term overall. elizabeth: yeah. there's already a shortage of housing inventory to the. of you know, the government already spent $90 billion on federal housing programs to address affordable housing. again, that's money out the door already are. and now they're going to go after middle class borrowers to sort of fit this agenda to appease people they want to vote for them. >> yeah. it's all about their progressive agenda. again, they're taking steps towards socialism and using the

authority through rulemaking and the executive branch through the administration to exert this pressure of socialism on the american people. and that's not what america is about, and i think those, the majority of america that has worked hard for their credit is going to the see this type of behavior and push back. elizabeth: congressman greg steube, thanks for joining us. >> yeah, good of of see you. elizabeth: more on this fight between outgoing democrat mayor lori e lightfoot of chicago taking on teachers union boss randi weingarten saying, no, teachers unions did not work to reopen schools in chicago. and texas attorney general ken paxton the, he's now launching an investigation into whether pfizer, moderna and j&j misled the public on the safety of their covid vaccines. we've got hhs starting to make payouts for covid vaccine injuries. then, whole foods makes a stunning disclosure. you won't believe it, about shoplifting that's now rattling

the media. and illinois democrat governor j.b. pritzker, he's rapidly trying to down theplay taxpayers and businesses -- downplay taxpayers and businesses fleeing illinois. and this controversy, the epa cracks down on u.s. power plant emissionses right as china ramps up its emissions to make big bucks from biden's green energy push. plus, gop senators grass hi and johnson -- grassley and johnson, they now accuse secretary of state antony blinken of, or quote, false testimony to congress about hunter biden. we've got sound on blinken denying that. coming up, congressman darrell issa, florida attorney general ashley moody, former texas governor rick perry, legal eagle sam dewey and dr. martha:ty makary -- marty makary. a jam-packed show on "the evening edit" tonight. ♪ this isn't just freight.

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>> well, first, one of the great benefits of this job is that i don't do politics and don't engage in it. but with regard to that letter, i didn't -- it wasn't my idea, didn't ask for it, didn't is so licit it -- solicit it, and i think the testimony that the former deputy director of the cia, mike morrell, put forward confirms that. elizabeth: that was secretary blinken talking to fox news'

benjamin hawaii joining us tow, congressman carol -- benjamin hall. that was the secretary of state saying he doesn't do politics after he worked on the biden 2020 campaign. what do you make of him contradicting former cia director mike morrell who testified blinken did help trigger the let rear before the 2020 the election -- letter, falsely claiming the hunter biden laptop story was russian disinformation? what do you make of the secretary of state here? >> he was very careful at his words. he deceived but he didn't lie are. what he said was he didn't solicit it, he didn't ask for it. he can't say i didn't sell it, i didn't market it, i didn't not circulate it. he was using the former that he hadn't been solicited. the fact is he did, in fact, sell it, he did promote it, he did work for the campaign, and mike morrell agreed to be on it because he wanted to elect joe biden. he was honest enough under oath to say so. elizabeth: so, sam, what the

congressman just said, secretary of state is prettying concern splitting hairs here, choosing his words care friday to appear that he's not misleading. but senators chuck grassley and ron johnson sent a letter to the secretary of state claiming he did give false testimony to congress denying in testimony he knew whether hunter biden was at the ukrainian energy the firm burisma when e-mails show the secretary of state was getting e-mails about all that. >> yeah. i think that is a very concerning development, and it is one that has to be taken very seriously because on the face of that letter, there are very serious questions about the secretary's veracity that need to be answered. and i think it's particularly concerning in light of the other revelations brought out by the great work of chairman jordan and chairman turner and the hair-splitting you just ahided to. we need to -- alluded to. we need to look into all of this

and identify precisely what the true story is. elizabeth: so what is the true story the, congressman? because we've got reporteds joe biden -- reports joe biden did meet with a burisma executive in april 2015. will congress call in the secretary of state to testify about all this? >> we absolutely will. you know, the three truths are that hunter biden's laptop was real, it was the turned in more than a year before the election, and 51 people helped deceive the public into believing it wasn't. and that laptop shows there was actual e-mail correspondence that meant that antony blinken did know and was involved when he was playing politics the last time as he said he isn't doing now. so those three truths have to -- can't be squared any other way, but with testimony, and i think the committees will be asking the secretary to come back, and if he won't come back, subpoenaing him. elizabeth: did you hear that,

sam? you know, sam, what was hunter talking to the blinken about during the obama white house? were they talking about the fara foreign lobbying law? the president's son, the biden family did not register as foreign agents when they were doing their overseas deals. reports that they used off-balance sheet shell companies to hide and bury the money flows from deals in they that and russia to to avoid rebeller is thing as foreign agents. -- registering as foreign agents. remember, this is the same law they went after the trump team including michael flynn. >> no, absolutely, those are live questions about what knowledge hunter had particularly to ukraine, might he was gotten system of the materials he used to pitch burisma from the administration? and blinken needs to answer those, and the congressman's point about parsing words, blinken needs to answer those under oath, not in a tv interview where he can choose his words. he needs to answer questions are from congressmen like mr. issa who know how to question a witness, and we'll get preice answers under oath to these

questions -- precise answers. elizabeth: congressman, what do you want to the ask secretary of state blinken? now we have house ways and means chair jason smith is saying yes to the an irs whistleblower to tell congress about alleged political interference by the doj in the hunter biden tax probe. what do you want to ask the secretary of state? >> well,st the old series of questions, what did you know, when did you know it and what did you do. and since we have a timeline of what we believe he did, it will begin with those questions. elizabeth: congressman issa, sam dewey, thanks for joining us, gentlemen. >> thank you. elizabeth: whole foods makes a stunning disclosure about shoplifting that rattles the media, and outgoing democrat mayor lori lightfoot of chicago taking on teachers' union boss randi weingarten. lightfoot saying, no, the teachers' union did not work to reopen schools in chicago. and coming up, we've got dr. marty makary, texas everyone to general ken paxton launches a

new investigation into whether pfizer, moderna and j&j misled the public on the safety of their covid vaccines. we've got hhs starting to make payout toes for covid vaccine is injuries -- payouts. all this coming up on "the evening edit." ♪ ♪ (wheezing) asthma isn't pretty. it's the moment when you realize that a good day... is about to become a bad one. but then, i remembered that the world is so much bigger than that, with trelegy.

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♪. liz: outgoing chicago mayor lori lightfoot now says the teachers unions never worked with chicago on reopening schools, even though randi weingarten has been saying yeah they did. madison alworth is live in new york with the story. good to see you. >> reporter: good to see you as well, liz. when we look at students they are falling behind academically at a concerning rate. experts and parents alike are pointing to those pandemic era remote learning setups for this learning loss. test scores in math and reading fell 3% during the pandemic and in fact the national assessment of educational progress says that students are on average a

quarter of a school year behind in learning. now leaders at the decision to close schools at center of that decision are pointing fingers. teachers union president randi weingarten testifying on capitol hill that they worked from early 2021 to get schools back open but city leaders strongly deny that. >> fundamentally we know that where children learn the best and where they are safest is in the classroom, in-person learning and none of our parent signed up to be homeschoolers. the learning loss is real. we're making big steps in that direction but union needed to work with us and they never did. >> reporter: we spoke to americans across the country to see what issues are important to them going into the next election cycle and education continues to be at the top of mind. we're hearing this from coast to coast. >> more needs to be done. should this happen again we should reconsider closing

schools on completely. >> we don't have the same quality of teachers in the classroom we used to have. that is all due to money. >> more so we had as lo of teachers during this time period. it is hard to come back from the loss. >> school wasn't really ideal, especially for younger children. >> the education system in general is pretty, steps behind. >> now we know a little bit differently. now it is our responsibility to make sure kids get caught up. >> reporter: politically there is a lot of fingerpointing on right now, but voters they're not focused on the past. when we asked about school closures one dade says he doesn't want to play monday morning quarterback it is easy to see now what went wrong. what is important for solutions of the future to get kids back up to speed. liz? liz: madison alworth, joining us now dr. marty makary. randi weingarten, doctor, was calling for strikes and threatening lawsuits if there were school reopenings. there was that. there was also this, so the biden white house ends a slew of

covid vaccine mandates including for federal workers, health care workers. hhs is now starting to pay out compensation for covid vaccine injuries. they are small number but they're there. millions of american were threatened with losing their jobs. they were told vaccines were safe and effective. stunning number of people not taking booster shots. what do you make of this? >> it was interesting to see the biden administration announce in 10 days they will be removing the vaccine mandate, if we need 10 more days to stomp out the infection from society. really this is a pattern. if you look what the biden administration has done with covid policy, they are consistently a year, year-and-a-half two, years too late. the data came out in april of 2021 vaccines do not reduce transmission. two years later. same with school closures. myocarditis in young, healthy people. on and on. there is a long list of delayed

policy. liz: the vaccine isn't a vaccine. it is like a flu shot. even dr. fauci in coauthored study says it is ineffective and doesn't work to stop covid-19 because it goes into the bloodstream not where the anti-bodies are formed in the muse coast is a calf very t. ken paxton has launched an investigation if moderna, pfizer, violated texas trade deceptive trade practices act. he said they misled on the advocacy of covid vaccines. >> the biggest problem that fauci, pfizer, they all through the entire pandemic relied on dogma without doing randomized control trials. pfizer made $100 billion from the covid vaccine. they could have afforded to to do a randomized trials. we didn't have randomized trials for boosters in young people, the bisay lent vaccine they

pushed for a second round that is the most damning pieces of circumstantial evidence that people were not properly informed. liz: so, doctor, you know, we keep hearing from scientists this covid vaccine, again it is more like a shot, this covid shot, it is different from other vaccines or shots because it has a spike protein in it that klatters around hue the human body'sorgance and brain. dr. cory, covid-19 critical care alliance, doctor, what do you make of this? he is saying in his private practice treated more than 500 patients suffering injuries from the covid vaccine, myocarditis and more. if you raise any issues you risk your life hi hood. dr. fauci fostered an environment where doctors deviated from preferred party line, were persecuted, harassed offering a different point of view. people were basically bullied if

they even raised questions about it including doctors? >> there was a lot of bullying going on and if you were to point out vaccine related complications you were basically excoriated by the medical establishment even if it was data driven research. now the database is not systemic. it is not a good review, sporadic self-reporting but if you look at good studies on myocarditis, final report that came out, 1 in 162 doses had severe adverse reaction. liz: that is serious stuff. we'll keep on the story, dr. marty makary, thank you for joining us tonight. good to see you. >> thanks. liz: this new controversy, the epa cracks down on u.s. power plant emissions as china is ramping up those same emissions to make big bucks from biden's green energy push. also, coming up, florida attorney general ashley moody is fired up. whole foods grocery chain makes a stunning disclosure about shoplifting that is rattling the media. we have illinois democrat

governor jb pritzker. he is trying to downplay taxpayers, businesses fleeing illinois. coming up on "the evening edit." ♪.

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downplay tens of thousands of taxpayers fleeing illinois. he saying well, you know, countless companies coming to illinois but boeing, caterpillar, citadel just left. chicago pensions, they have more pension debt than 44 states. nearly 50 billion bucks there. >> yeah it is not shocking, right? if you keep electing leaders that are making policy decisions for your state based on some radical political experiments rather than trying to provide for the stability and safety and prosperity and success of your state, this is what happens. we've been warning, businesses are losing billions of dollars due to crime, due to these ridiculous policies that leaders are enacting, due to the soft on crime prosecutors, that are in office. so you know, when pritzker passed the safety act they like to call it, in fact it was anti-safety act it let people

out again and again on bail. the law enforcement there, the prosecutors were up in arms what that would do, they passed that. so yesterday i stood with governor desantis here in florida. we passed what we like to call the real safety act. call it bail reform florida, style. where we make sure that repeat offenders, those that are violent offenders are presumed to be detained prior to trial, but that they have to see a judge before they're let back out. that is a lot of the problems that these states and cities and jurisdictions are facing. you've got elected leaders that, want these people to get back out on the street and it is causing so much damage, wreaking havoc in these communities. liz: without even to your point without seeing a judge. we got a stunning report out of "the new york times," social media, lighting up about this on social media, whole foods in san francisco called the police nearly 570 times over 13-month period.

attorney general, that is an average of more than one emergency call per day. "the new york times" reports it was so bad, whole foods left democrat-run san francisco only a year after it opened the store there. >> right and you have to do something about that. they closed that for employee closed, stores closed all around the nation. in fact these stores are saying, retail theft is the highest it has ever been and it is not just about getting the right people elected, making sure you have the right laws in mace, you have to have law enforcement and executive leaders that are engaged with businesses themselves trying to tamp down on organized retail theft, these gangs. so in florida not only are we making sure we're tweaking our laws to remain the safest that we can be, we're also engaging with these retail stores. we have set up technology, a

database so we can share information with law enforcement. liz: that's interesting. >> we launched a statewide task force. these are proactive efforts you will have to see in states and jurisdictions and i fear as long as these progressive political hacks keep getting put into office instead of serious leaders, the problem will only get worse. liz: i mean you have cvs stores in san francisco scaling back security, telling guards you can't pursue robbers because it is too dangerous. what i cans are saying elected democrats allow property crime changing rules legalized shoplifting up to 1000 bucks. when will it stop in chicago, cities like baltimore, new or means, which is called the murder capital of the u.s., when will it stop in l.a., st. louis? >> it only hurts the

communities. they don't have access to the stores around supplies. it further eliminates jobs that would help with the success and prosperity of those community. these policies are like termites. they eat away at a once very stable structure and foundation and you're left with cities now shells of their formerselves. liz: got it. ashley moody, attorney, thanks for joining us tonight. our "hot take" is coming up. plus former u.s. energy secretary rick perry is coming up. this new controversy the epa is cracking down on u.s. power plant emissions as china is ramping up those same emissions in order to make big bucks for biden's green energy push. that is coming up on "the evening edit." we want to check in with my buddies dagen and sean what they have coming up next hour on "the bottom line." dagen is doing the hokeypokey. sean: funky chicken. andy mccarthy is coming up. one year on since the year long hook on the hobbs decision.

emails from very much 2010, showing hunter was helping business associates get access to his dad vp joe biden. liz: tony gonzalez on the border disaster, that whopping lie out of karine jean-pierre. she was well not behaving herself today. steve moore on the economy and where we go from here. also joe gemanti of joanne here in new york city, great program with the manhattan star academy. terrific employees he has.undr stay with us on that. so you only pay for what you need! whoo! we gotta go again. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ at adp, we use data-driven insights to design hr solutions to provide flexible pay options and greater workforce visibility today, so you can have more success tomorrow.

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♪. liz: look who is back with us, former u.s. energy secretary rick perry. good to see you, sir. what was your reaction when you saw the epa is moving on tough new stringent rules on power man emissions but china is ramping up the coal, gas and oil power plants to make tens of billions of dollars from biden's green energy push? one estimate china can make $125 billion there. >> yeah. this doesn't surprise me. i mean this is truly a war that is being fought on a lot of different fronts. whether it is an attack on fossil fuels relative to

automobiles. whether it's our power plants. and all of that talk about you know, we got to save the planet, emissions are terrible. you never hear this administration talking about nuclear energy. as a matter of fact, i think they dislike nuclear energy as much as they dislike fossil fuels. all this is going to do, actually, this hurts the environment more because america reduced emissions over the last decade because of our transition away from older, inefficient power plant to cleaner burning natural gas and now we're forcing through america's energy policy and, i might add the war in ukraine and russia's attack on europe so to speak from and energy standpoint, you're seeing the emissions go up from the transition back to coal plants in europe. so the, the biden energy policy is having the exact opposite of what they attest to be for, you know, lowering emissions,

helping the environment. they're actually hurting it. and this attack on american, epa's attack on american energy power plants, is another, you know, just pitiful attack that is going to have the opposite and, you got china over there, opening up a new power plant every so often rather regularly. liz: like 100 this year. >> if the biden administration would spend a 10th of the time pushing back on china on their energy policies, from the standpoint burning these old nasty coal plants they're opening up, the, environment would be substantially better shape i would suggest. liz: you know if they cracked down on u.s. power plant where are they going to get electric power to charge 150 million electric cars and vehicles every night? stephen moore is pointing that

out. wind and solar won't do it. the electric grid is stressed to the max in states like california, texas, tried to switch to green energy. they're getting hit with blackouts, brownouts you see in third world countries. where do you get the power for electric cars? >> i would suggest the only way you can go through baseload power 24/7. that only comes from fossil fuels, natural gas in the united states, and nuclear power. their attack on fossil fuels and their dislike and their disdain for small, modular reactors, i would suggest the small modular reactors are the real future of american and worldwide energy. liz: got it. rick perry, thanks for joining us. our "hot take" is coming up. liz peek is back with us. stick right there. ♪. get a free tech check and special offers. like a free 5g phone. get started today with verizon business.

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liz: back with us "evening edit" "hot take," economic pro, liz peek. liz: wore the expect the 10th straight interest rate hike coming tomorrow, that it is rocking regional banks today, liz. we're hearing reports that wall street trading desks are debating which of the which is the next shoop to drop, which bank could fail. what do you think of this story? >> i think it is true.

this was pieced to be the great relief rally this morning with first republic bank. we know there are concerns about much commercial real estate that other banks might be in patient. the long dated treasurys is still plaguing a lot of bank and the fact deposits are flying out i hope jay powell will say something to restore confidence in the banking system. what is going on here, people really do think recession is right around the corner. we saw a weakening jobs market today in the jolts report. lots of other data confirming that. people are also beginning say wait a minute, estimates are too high. we're in the midst of a

slowdown. liz: 1% growth. we're on brink of recession. there is talk on wall street. you talked about how the u.s. treasurys were ricocheting around. there is fears that one of the credit rating agencies could downgrade u.s. debt because of political gridlock over spending in d.c. s&p did that in 2011. that really hit the obama white house hard. is this biden white house ready for a possible downgrade to u.s. debt? fitch and moodies is already warning about that? liz: >> i don't think they're ready for anything. this financial team in charge starting with janet yellen is completely hapless. they keep getting blindsided by tax revenues. revenues are coming in below expectations. liz, why wouldn't they come in below expectations?

nobody is making money in the market that was a big factor in better than expected revenues in gun 2001. i think these people have no idea what they're. liz: what concerns you the most? what happens next, do you you think? >> i think we're in for a slowdown. because of that banks have problem loans which they always do in a slowdown. i think estimates will get worse. liz: yeah. >> everyone hopes the fed rescues everybody by lower rates again. i don't think sway powell will talk about lowering rates tomorrow. people will be nervous. liz: liz peek, thank you so much. to in tomorrow night, "fox news sunday" host shannon bream, and much, much more. thanks for watching "the evening edit." time for the bottom bottom. what a day. still looks like we're in a banking crisis, you guys