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>> we're over our inflation fixation. of the four measures of inflation, two are below the fed's target, one is pretty close, and only one, cpi, is above it. >> this problem of his polls in the swing states is only going to continue to get worse with over the next several months because voters or are not excited about biden. >> it is a bad deal for workers, one more example of free money. nothing's free. >> most people in my profession think we're returning to the bad old days before the financial crisis. >> to be pushing 30 as a republican, especially republicans called racist all the time, thats' quite extraordinary. ♪ lifestyles of the rich and the famous -- ♪ they're the always complaining ♪ stuart: i don't recognize the

music. [laughter] lifestyles of the rich and famous? if there's a song called that? you've got to be kidding. lauren: [inaudible] [laughter] stuart: good charlotte. who's good charlotte? is there a bad charlotte out there? [laughter] we're having too much fun. it's 11:00 eastern time, thursday, march the 14th. to the markets. yeah, it's been all over the place this morning. way up at the beginning, way down after an hour. now we're down 60 on the dow. the nasdaq's up 7, s&p down so. -- so -- 10. show me big tech. they're all up. microsoft, ladies and gentlemen, $426 a share. [laughter] retirement time. okay. 10-or year treasury yield up today, look at that, up to 4.28%. was it last week it was close to, right at 4% even? now you're 4.28? lauren: cpi, ppi, hotter than expected. stuart: that's right. up go rates, got it. now this, ladies and gentlemen. bernie sanders has revealed his

latest socialist dream, move to a 32-hour workweek without loss of pay or benefits. he says it's time the workers shared the wealth created by productivity gain withs from a.i. and new technology. bernie has always wanted politicians to legislate wages. heaven forbid the market should decide. no, no, no, he's a socialist, and he believes business and profit are bad. despite all the evidence that free market capitalism, small government and low taxes delivers growth, prosperity and freedom. then there's the wealth tax proposed by the far-left senator, elizabeth warren, and enshrined in the president's 2024 budget. if you're worth more than $100 million, you would pay a 25% tax on your income whether you received the money or not. that's called confiscation. biden says this would cut the deficit by $3 trillion a year. no, $3 3 trillion over many years, actually -- 3 trillion over many years. let's be clear, this has nothing to do with good policy or sound

economics. it is straightforward jealousy of success, and it is politically poe tempt look, if you're financially struggling, it's easy to blame the rich. hey, if you've got $100 million, you don't get much sympathy, so why not just tax them? what the socialists want is to get their hands on the capital that our society has built. they grabbed a very high proif portion of income, so why not go after privately-accumulated wealth? they don't care that it doesn't work, they don't care that socialism brings class warfare, division and no-growth economies. they just detest the rich. bernie sanders used to rail against millionaires and billionaires. now it's down to just billionaires because he himself is a millionaire. i doubt that a 3 2-hour week or a wealth tax will make it onto the books, but the fact that the modern democrat party should seriously propose if socialist ideas, that is a sign of how the far left, how the far left has a grip on biden's policies. outrageous. you with me? if third hour of "varney" starts right now.

♪ ♪ stuart: perfect -- [laughter] i was just discussing my little editorial there with the colleagues on the set here. let's bring in steve hilton. does the far left control the democrat party? i say yes. what say you? >> yes. and, by the way, you have no better guest than me to testify to that -- [laughter] stuart, because i'm right here in california. where the far left have been in control for years and years, and we can see the results. i mean, in many ways california is a laboratory of far-left lunacy where all the policies you've been talking about, the wealth taxes and the endless regulations and raising the minimum wage and all tease things have been put -- these things have been put into practice, and now we can see the results. just today new data out on the population are shifts within america. guess what in four out of the five sayses -- cities with the

biggest decline in population are in california. and four out of the five cities with the biggest growth in population are in florida. surprise, surprise. if you implement far-left, extremist policies that hurt and punish e people, they run away from it. and if you implement common sense, conservative policies that allow people to thrive and flourish, that's where they want to go. stuart: i want to talk to you about this new idea from california that they may become the first state to charge people for energy based on their income. i guess that means the more you make, the higher the surcharge on your juice bill. the state has until july 1st to impose the new rate structure the. steve, this is just another way to tax the rich, isn't it? >> exactly. exactly. it's just yet another tax. we already have here in california the highest taxes in the country. by the way, what are we getting for that? the highest poverty rate in the country, the worst schools in the country with the lowest literacy rate and on and and on and on. and here's another way they just

want to increase taxes, but the really interesting point is why they're doing this in term of emergency bills, because it's a classic example of this dynamic that's going on with the democrats. they implement all these rules and regulations often driven by their climate extremism that that make everything more expensive. so the cost of living goes up, then they panic and say, well, that is really expensive now. we've got to do something about it. people's energy bills are going up, so guess what? if we're going to go once again back to the rich and tax them more for their energy bill. but it's all a direct consequence of their far-left policies which have increased the cost of energy in the first place. stuart: i think our audience can tell that we're both refugees from socialist europe, but we'll get more -- stay there for a second, steve. i'm going to get back to you in a moment first though, back to the markets. really a mixed picture, dow's down 40, nasdaq is up 2. lou basenese with us for this hour. you say the bull market has no end in sight.

we like to hear that, but you make your case. >> yeah, i just don't see it. people are going to accuse me of being a perma-bull, but bring me up one bear bearish point. the economy's sponged well to rapid rise in interest rates, and even though stocks have been up 17 out of 20 weeks or 15 out of 19 weeks, the valuations are not that stretched. everyone likes to say that the nasdaq's come too far, too fast, but it's trading right in line with its 10-year average p if e ratio, at 28 times. so we are a far cry away from the dot.com peak that you keep hearing about. show me where it's weak. stuart: household wealth at $154 trillion. all-time high. >> all-time high, record cash on the sidelines that can be put to work with back in stocks, and you're seeing it come into speculative areas of the market. bitcoin above 70,000, robinhood's recent report showed trading volumes in february for stocks and crypto were up 40, 50 president, so there's a lot of

speculating going on, a lot of capital to fuel it, more room to run. stuart: fascinating. i'm glad we have you on the show. great way to start the 11:00 hour. lou, stay there, please, for the hour. president biden wants to reform marijuana, the marijuana laws or rules, i guess, at the federal level. roll tape. >> no one should be jailed for just using, possessing marijuana and the stain on their record. the fact of the matter, that stays on their record the whole time just for smoking marijuana. now, if you're out selling it, growing it, it's a different deal. but if you're just using, it should be wiped off your record. stuart: vice president kamala harris will host a round table event tomorrow on marijuana reform with rapper fat joe. come back in again, steve hilton. what do you make of pot becoming a priority at the white house? >> well, it's all political. by the way -- [laughter] i don't know what you made of biden's remarks there, just the slurring of the words. maybe it's the usual thing we get from him. maybe he's been smoke a bit before he made that now. i mean, honestly, you can barely

figure out what he's saying. the serious point is that, actually, this is pandering, it's political pandering. that's what's driving it. but it's dangerous. it's dangerous to our society. the marijuana strains, as many people have pointed out now, that are in circulation now that people are enjoying are actually far stronger and far more dangerous and disruptive both economically and socially than anything we've seen before. so this is a reckless policy that they're doing for politics. it's completely outrageous, actually. stuart: steve is, or thank you very much, indeed. great to have you with us this morning, and we'll get back to you another day with more time on our hands. steve hilton, or you're all right. >> thank you. stuart: back to the money. a big move today one or particular stock, and it is dollar general. it's not as bad as a it was, down 5%. what's the story? lauren: we're getting management commentary the after the earnings report, and the good news is traffic rose 4%, but it rose because people are coming in to buy what they need, essentials, including food. the company says consumers are

feeling like two plus years of inflation and now they're cutting back, and some are resorting to stealing. they call it shrink in the industry, and dollar general says shrink includes 100 basis points in the fourth quarter. stuart: that's a lot. they've got a problem and they admit it. robinhood, shares -- i think they're at a 1-year high at that level? lauren: yeah, they are. a 6% gain now, and that is an annual high. the asset ises under custody reached $118 billion. bernstein says buy with robinhood right now on the expectation that their cryptocurrency revenue would grow, according to bernstein, ninefold if by 2025. stuart: that would be a bug increase. lauren: fomo for crypto, bitcoin and ether. stuart: did you just invent that sentence? lauren: oh or yeah, i did. [laughter] i'll trademark it later. stuart: lauren, thank you very much, indeed. some i.c.e. agents will be forced to wear body cameras. we'll tell you where that's

leading and where it's happening. a former or mommy blogger built a massive following by sharing celebrity gossip. now she's expanding her reach by covering the rfk jr. and trump campaigns. she'll tell us why she moved away from gossip and into politics. is there no difference between the two in. [laughter] senator joni ernst says she wants to put an end to biden's secret spending. what what secret spending is she talking about? if senator ernst is here to explain next. ♪ ♪ i just takes some time, little girl. ♪ a little bit of help arrive, everything, everything will be just fine. ♪ everything, everything will be all right ♪

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stuart: in the last year, produce or prices -- that is, the costs paid by businesses -- went up 1.6%. now, that suggests another uptick in inflation. edward lawrence at the white house. edward, you just had an exclusive interview with treasury secretary yellen. what did she say about inflation and credit card debt? >> reporter: yeah. she says americans can manage the debt that they have at least through this year. now, having said that, you mentioned we haven't seen this producer price index level like this since august of 2023. 1.6 year-over-year, that puts pressure on inflation when you combine it with a hotter than expected jobs report and or average hourly earnings -- wages, i should say, at 44.3 president. -- 4.3%. so you have higher prices with inflation under biden up 18.5%, and that forces americans into a record amount of credit card debt. treasury secretary janet yellen told me yesterday that credit card delinquencies rising represent a normalization and

not a more dire sign for the consumer. he says that the debt is manageable while adding that she should choose her words more carefully when talking about inflation. in 2021 though you did say that inflation was transitory. [laughter] do you regret saying that now? >> i regret saying it was transitory. it has come down, but i think transitory means a few weeks or months to most people. >> reporter: yeah. it's still too high. the rate of prices rising is coming down when you compare it to the peak of 9.1% in june of 2022. however, it's more than when president biden came into office and prices are now set at a higher 4re68. the us house speaker says this is part of the reason that the president polls so poorly on the economy. >> americans are fed up with biden and the extreme democrats' open borders, high cost of living and -- [inaudible]

america last ageneral da. and it really is extreme, the positions are sometimes surprising to us. >> reporter: still, the treasury secretary told me the path will be bumpy month to month, and they need more time. stu? stuart: edward, thank you very much, indeed. senator joni ernst wants more transparency in government transactions. senator ernst joins me now. senator, what is this secret spending we're hearing about? can you give me an example? if. >> you bet. and we have seen this through the years, but most recently as we are going through and and looking at usa spending.gov, we notice that there are a of vacancies in system of those line are items. what we have discovered is about $40 billion of spending that will be titled as ota as or other transactions. and this is how our federal agencies are able to spend billions of dollars without

actually discuss closing to the american public what it's being spent on. so to answer your question more directly, stuart, i really don't know what that $40 billion has gone to because it's titled other transaction agreements. stuart: okay. but if we found out what a these otas really are, other transaction arrangements, etc., etc., perhaps we wouldn't be doing that spending. [laughter] have you thought of that? >> exactly. [laughter] exactly. and that's why during this sunshine week we're trying to shed light on federal government spending, because if they actually did have to disclose that on the usa spending.gov web site, then the american taxpayer could see that perhaps the spending being done by the biden administration is not worth their tax dollars and then speak to their representatives about itment -- it. so we are pushing this. my bill, again, the stop secret

spending act, we want to disclose the way the federal government is actually spending those hard-earned dollars that end up in the coffers of the federal government. stuart: inquiring minds want to know. you are challenging senator tom cotton to be the senate gop if conference chair. i believe that's the number three spot in the gop. what is your vision for the future of the republican party? >> if you bet. well, thanks, stuart. and, actually, maybe senator cotton challenging me -- stuart: ah. >> this is the number three spot. it is currently vacant. i have served in leadership, i've always a been the outside candidate. i'm really proud of that. i've never been selected by the establishment to run for these positions, but my view of our conference is that we have many different voices within the remoney party. we -- republican party. we need to be able to give all of those voices an opportunity to speak out about their ideas. and i'm really excited about

that. this is the chief communications position. we need to have one team, all of us working together but with our own take and what represents our great states. so it's this, this reason i want to bring that to our republican conference, and i'm really excited about the race. stuart: if you did become the conference chair, would you still come back on this program if your elevated position in the republican party? >> you know, i'd have to think about it, stuart -- [laughter] no, i love it. thanks. i appreciate being able to communicate for all of our great republican members. stuart: one more for you with, if i may. the tiktok bill passed the house, goes to the senate. i'm interested in your opinion. would you rather eban it completely -- ban it completely or make the company divest its chinese control? what would you prefer? >> oh, that is a tough one, stuart. we are hearing from all different sides, but the bill in front of us is to divest. and bottom line, i don't have

tiktok, i will not have tiktok on my phones, period. i'd rather see it gone completely. i don't think that's going to be an option for us. so let's start by forcing them to divest. i think that's the important step to take right now, to sever those ties with the with the commune ifest party of china. stuart: an outright ban would be a very difficult thing to impose on 18ing 0 million american users. >> it would be. stuart: that would be a tough one. senator ernst, thank you very much for joining us. >> thank you, stuart. stuart: thank you. here we go again, congress facing another possible government shutdown. the deadline, next friday, march the 22nd. good morning, ashley. what are the sticking points this time? ashley: morning. yes, it's groundhog day, isn't it? the big issue this time the around is funding for the department of homeland security. and the political fight over joe biden's immigration policy. if that, whatever that is. the republicans want the biden administration to continue construction of the border wall and also adopt the trump era

policy of requiring migrants to remain in mexico while or their asylum claims get processed in the united states. democrats say be billions of dollars would be given to dhs to handle the migrant surge but claim that republicans just don't want the border crisis sold for political reasons. one idea being floated is to separate dhs funding from the rest of the spending bill as it exists and just pass a stopgap measure. boy, there's a phrase we hear a lot of. stu. stuart: is it processed or processed? i believe it's processed in america. ashley: well, it is. i say processed, but that's just because my brain is kind of, you know, made that way. i'm not sure what is correct. you say process -- stuart: i do, i do. i've completely -- i'm an american. processed. ashley: all right. processed. stuart stouter very good. you're learning that. we'll be back to you shortly are. [laughter]

ashley: all right. stuart: no labels, i guess they want to run a third party candidate in the election. they're still working to find that candidate for the '24 race. they're reportedly in talks with georgia's former lieutenant governor jeff duncan. we'll have the latest on that. president biden says america is a nation of immigrants. watch this. >> by the way, we are a, we are a country of immigrants. and the fact of the matter is that we -- it's what built this country. stuart: okay. he's deliberate wily choosing to make no distinction between legal and illegal migrants. he's normalizing the illegals. sheriff chad bianco takes that on next. ♪

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stuart: not much price movement now although the dow is down 114, nasdaq down 40. some red ink, left-hand side of the screen. lou basenese with his stock picks. first of all, a company -- whatever it is, i've never heard of it. [laughter] >> this is because i'm saltingty that i missed nvidia, so i keep trying to find under the radar a.i. place. this is a company that is a

technology consulting company that helps big company like novartis, even fox, apply a. a i. and digitization to their business. so so growing earnings and sales by double digits as the a.i. trend picks up, globent should be a huge beneficiary. stuart: you're not calling it the future nvidia. >> i'm not. it's tethered to nvidia. stuart: amplify etf. >> this is a cybersecurity etf, the first one, and the united health care hack proves that every investor should have exposure to cybersecurity. this is a trend and a threat that's never going away, and this is ap an easy way to get exposure to a 50 top cyber security firms. stuart: it's a basket of stocks. >> it's a basket of stocks and just like when wars break out, you want to own defense stocks, when cyber attacks break out, you want to -- stuart: you own those stock, they stay in the basket? >> no, it's a dynamic basket. adjusted market cap weighing. when new companies come on the scene which is important in

cybersecurity because the threats are always changing, they get added. stuart: and the ticker symbol is hack. how appropriate. texas expand banding operation lone star adding miles of razor wire fencing outside eagle pass. garrett tenney is there. has there be a decrease in migrant crossings since these barriers have been installed? >> reporter: yeah, stu. it's night and day. texas dps says there's been a 90% decrease in the number of people crossing here in shelby park. and i want to show you with our live look at our drone what happens now for people when they are coming across the border. they will often times walk for miles along in this fencing and president if razor wire looking for a spot to get through, and that' getting progressively more difficult because texas is rapidly building up these barriers all along the rio grande, north and south of eagle pass. we got to see that firsthand. soldiers from the florida national guard building a stretch of anti-climb barriers

near normandy, texas. these barriers are blocking a lot of the route that folks have been using the past few years, and that's why many of them are now heading where it is a lot easier to get across like we've been seeing in places like san diego and in lukeville is, arizona. this morning our cameras caught this group of around 100 people in lukeville, arizona, mostly single adult males who came across overnight and are now making their way to be processed by border patrol. back here in eagle pass, texas' border barriers are also a cutting off a lot of the cartels' human smuggling routes. as a result, you are seeing a lot of cases like this one on private ranches where cartels smuggle people through for a quick pick-up and escape. part of the reason we are seeing that kind of thing happen more though is because border agents and local police, they're not as a busy processing people who come across anymore. instead they're able to focus on going after those folks trying to sneak into the country. and that's why texas dps says the goal is to put up fencing

along as much of the border as they can. stu? stuart: got it. thanks very much is, garrett. now this, the president is telling his supporters or we are a country of immigrants. roll that tape again, please. >> by the way, we are, we are a country of immigrants. [applause] they are not vermin. [applause] and, look, you know, the fact of the matter is all of us are immigrants. every one of us except the native americans here. and the fact of the matter is that we -- it's what built this country. that's why we're the most unique if country in the world, most powerful nation in the world, most connected nation in the world. stuart: sheriff chad bianco from riverside, california. this is my if opinion p biden is making no distinction between legal and illegal immigrants. it seems to be because he's normalizing illegals. what say you?

>> i completely agree with you. it's 100% to emotionally attach everyone and make it, make it seem like it's just you and me. the fact is, is this country was not built on illegal immigration, it was built on an immigration system that we actually had in place that worked and that we managed. and those people coming to the country actually did want to come here for a better life. the ones that we're seeing coming now we're watching on the news all of the crimes they're committing, the people that they're assaulting, the people that they're murdering. this is not the same, but they have to deflect from what they have caused. biden is 100 responsible for this and -- 100% responsible for this and his administration. they have caused this, so they have to somehow normalize it to make you believe that this is just normal business. stuart: lawmakers in california are considering a bill that would extend taxpayer-funded legal aid to illegals convicted of violent or serious felonies. these are violent people. why does california want to give

them free if legal help to keep them in the country? why are they doing that? if. >> you know, you started by saying your opinion, so i'm going to give you mine. there is absolutely no question now that we just have to come to the conclusion that our california lawmakers are doing everything they can to destroy this state. they are demonizing police, they couldn't care less about our regular california residents who are law-abiding. the laws that they are coming up with over and over and over again basically legalize crime. now they're going to pay for criminals' defense, and they're going to, they're going to prevent us from even deporting any illegal that comes this if and commits a crime. we can no longer even deport them. that's also in this bill x. and those are the things -- california is a complete mess. everyone in the country knows it. and our legislature is more concerned with bringing more people into this country that are illegal criminals and protecting them after they

violate the rest of california who is law-abiding. stuart: why do people of california keep on electing people who do this to the state? if -- >> you know, i, originally i've said that it's apathy, it's apathetic voters that just haven't cared because it didn't affect them. you just go to work worry about your kids, your family and everything else. but now it's affecting us. the state is falling apart. and so people are finally starting to wisen up, but there's also a part of it that our media doesn't cover it. so our law enforcement officers, i mean, i'm trying to beat the drum saying all of the bad things that are happening in sacramento, but i can't get our local media to replay that and to inform the public what is actually happening in sacramento. often, so often i hear from residents say, well, when did this happen? if when was this law passed in and it was actually years ago, and they just don't know because it didn't affect them. and unfortunately, right now it's affecting the entire state,

and they still will not stop. stuart: sheriff chad bianco telling it how it is. we appreciate, sheriff. come and see us again soon. i.c.e. agents in five major cities will now wear body cameras. ashley, which cities? and why do they have to wear them? ashley: yeah. about a 1600 vest cameras being handed out to i.c.e. agents in baltimore, washington, d.c., philadelphia, detroit, buffalo and, as you can see, those five city thes for now. they're actually going to be given to the enforcement and removal operations and the investigations unit who are part of this new program. to your question as to why, homeland security says these cameras will provide added transparency and accountability when act as -- agents deal with the public off such as when responding to emergency calls during planned arrests and when executing search warrants. i.c.e.'s investigative unit first began using these

body-worn cameras back in 2021, and they say it's proven useful in recording encounters. all right. stuart: i smell a wave of lawsuits. that's what i smell. ashley: uh, yeah. yep. stuart: thanks, ash. coming up, the ceo of tiktok promise pops to use every legal tool available to fight a potential ban. we'll have the latest on that. going from if a mommy blogger to directly covering the campaigns of robert f. kennedy where are and donald trump, that's quite a career shift. my next guest will explain how and why she did it. ♪ started singing bye, bye, miss american pie. ♪ drove my chevy to the levee, but the levee was dry. ♪ them good old boys drinking whiskey and rye -- ♪ singing this'll be the day that i die, this'll be the day that i die ♪ ♪

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stuart: all right. on the markets this morning, the dow down 80, the nasdaq down, what is it, 25, and the s&p down 13. modest losses across the board. ashley's coming back to us. ashley, what do the markets think about a trump-biden rematch, and how do you know what it thinks about a trump-biden rematch? ashley: because i'm all-knowing and all-seeing. so far not much. but, of course, that could change. markets have been more focused on what the fed if will do next. there's also a, by the way, a belief that the economy is showing a lot of resilience no matter who wins in november, the theory goes that neither if candidate will be able to make any radical changes that could hurt investors. in other words, a deeply divided congress means gridlock,wall street will be unaffected. now,, as for the policies, we know that biden wants to tax the rich and if big corporations while pushing a green agenda and electric cars. trump favors corporate tax breaks, less regulation, and he loves to say drill, baby, drill. and, by the way, data shows that in 20 of the past 24 elections

when stocks are up three months before election day, the incumbent wins. but if there's a down market, it usually signals a victory for the challenger. i guess we'll find out this time around. stu. stuart: we surely will. thank you, ashley. lou is with us, lou basenese. when do you think the markets start to pay attention to the election? >> they already dirked. this is a upon the-issue. we knew it was going to be biden v. trump again. that wall of worry was already climbed. in every election year, especially when there's an incumbent, the stock market has been popping, so that's another case for this bull market continuing. stuart: thanks, lou. of. now this, a mommy blogger gained a huge following by with talking about hollywood and pop culture. now covering donald trump and robert f. kennedy jr. on the campaign trail. we're told she's making a fortune, a great deal of money doing it. well, jessica reid krause joins us now. jessica, as i just said, we're told you're making a fortune.

[laughter] are you prepared to tell us what you're making? >> not quite but, yes. making good money and having a lot of fun along the way. stuart: six figures? >> yes. stuart: o.k. over 250 -- i'm a nasty kind of guy, i'm really, or i'm prying here. over $250,000, would you say? >> i guess this is what you get when you, you know, show up to fox business, right? yes, over that. stuart: well, we love success on this program and congratulations. thank you for being with honest about it. we appreciate that. now, how did it happen that you went from mommy blogger to a political person on the campaign trail? >> well, i think it just goes back to my love of storytelling, you know? if i used to write about my family life, lifestyle, that kind of, like, evolved into celebrity, you know, content. and then i just saw the election as sort of more entertaining than hollywood at a certain

point, and i thought why not try to have fun with it, you know? get out on the campaign trail as an independent reporter or journalist, whatever you want to call it, and and just see if we could kind of offer a different perspective than what is currently available. stuart: so you write articles on the campaign trail and then you sell them to publications and that kind of thing? that's how you do it? >> no. actually, i do -- i have two different social channels. so i cover in realtime on instagram stories wherever i'm at. like, right now i'm in austin, texas, for the kennedy -- with the kennedy team to track his, you know, events here. but i cover it in realtime on instagram, and then i go home and i write long form campaign chapters on substack, and people subscribe, you know, $7 a month to read the stories. so it's really a subscription-based arrangement. stuart: so if i were to start writing a newsletter, i could make some serious money, is that

what you're telling us? >> you've got to have some good gossip -- stuart: exactly. >> yes, you could. [laughter] stuart: you're a very good sport, and we thank you very much for joining us, and i hope you can come again, and i'd love to talk to you more. thank you very much, jessica. >> thank you for having me. stuart: sure. come on back anytime. it's that time, sports fans, when we show you the dow to. -- 30. there is lots of red e on that screen, not much green. the dow's down 81. the dow is down below 39,000. the house passed a bill cracking down on tiktok. is this a big win for improving the mental health of teenagers? if there were a ban? a professor of psychology takes it on next. ♪ ♪

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matching your job description. visit indeed.com/hire when i was your age, we never had anything like this. what? wifi? wifi that works all over the house, even the basement. the basement. so i can finally throw that party... and invite shannon barnes. dream do come true.

xfinity gives you reliable wifi with wall-to-wall coverage on all your devices, even when everyone is online. maybe we'll even get married one day. i wonder what i will be doing? probably still living here with mom and dad. fast reliable speeds right where you need them. that's wall-to-wall wifi on the xfinity 10g network. stuart: tiktok promises to fight a forced sale of the app. ashley, what's their plan? if. ashley: well, essentially to exhaust if all legal challenges

before even considering some sort of sale which would be seen as a last resort. now, if bytedance is forced to divest, it would also require approval by the chinese government which said just last year that it would firmly oppose a forced sale. in fact, china's ministry of foreign affairs says the u.s. has never found evidence that tiktok threatens u.s. national security and then goes on to accuse u.s. regulators of bullying tactics that will eventually backfire. that's from beijing. now, as we know, it has passed the house, the tiktok bill now goes to the senate where the outcome is pretty unclear at this point, stu. stuart: thanks, ashley. i want to bring in jean twangy, an hour author and professor of -- an author if professor of psychology at san diego state university. professor, if you ban tiktok, would that improve teen mental health? >> it very well night. -- might. so we know that the more hours a day a teen spends on social

media, the more likely it is he or or she is going to be depressed. and tuck the doc has a particularly sticky algorithm. people go on it for 20 minutes, think they're going to go on it for 20 minutes and they're on for 2 hours because with it shows you what it thinks you want to see. and the other thing is tiktok is very popular among young children, elementary school age, early middle school age when they're really not supposed to be on social media at all, but they are. and at those ages, that's where the links to depression are the strongest. stuart: what's the basic problem here? is it addiction to the reels or to the screen itself and the time spent on screen? >> well, or there's a lot of issues here. so my most recent book's called generations. it's about how technology affects all of us. positive effects and negative effects. and in the age of smartphones and social media, the negative effects are that these companies

are making millions if not billions of dollars on our time and attention. so they take that time, they take that attention, and then kids and teens are not doing the things that are better for mental health like getting enough sleep, like spending time with each other face to face. stuart: but if you ban tiktok, wouldn't people just go to another platform? >> maybe, but the algorithms on those other platforms aren't as sticky, and those the other platforms are not as a popular with younger children and younger teens where the biggest issues lie. stuart: would you be okay if we not banned, but ownership by china is transferred to american ownership? would you be okay with that? >> well, i think, obviously, that's where there's the national security issues. but that would not help with these mental health if issues that we're seeing among teens. and we have to keep in mind these are very serious issues. self-harm among 10 to 14-year-old girls quadrupled sins 2010.

stuart: okay. that is a very important thing. progress, i'm sorry i'm out of time, but this is very informative. i hope you'll come back and and see us again soon because with, professor, a, i think you know what you're talking about and you're telling it in a way we can understand. thank you very much, professor. see you again soon, i hope. >> thank you. iewr stuart lou basenese, would you ban tiktok? >> i wouldn't ban it, but i think we need protections. i have two teenagers, a 7-year-old and at child on the way, and aye seen how much time they spend on the screen. i think we need to make amendments to how you use all social media. you said it, you ban tiktok, they're just going to find another platform to spend their time, and you're going to run into the same mental health issues. stuart: that's fascinating. i'm not sure where i stand on i. thanks, lou. here it is, the trivia question for this thursday. idaho has borders with how many other states? three, four, five or six? if the answer when we return. ♪ ♪

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western montana. it is 6. stuart: a big number. lauren: it is 6. it is 6 definitively. stuart: did you look it up? all right. it has got to be 6. there you go. the answer is indeed six. idaho borders washington, utah, wyoming -- i was corrected on the air several times which i used to say nevada. it is nevada. thank you for sticking around. send your friday feedback. we like to make short messages, send it to varneyviewers@fox.com. we will see you again tomorrow. i've got 8 seconds to go before coast-to-coast, coast-to-coast starts now