Stuart shake it out. Florence and the machine. Okay, lets move on. Good morning, everybody. Its 10 00 eastern. Straight to the money. Look at this on the markets. Weve got the dow industrials now up just over 100 points and nasdaq down 25. Not that much big Time Movement in stock prices this wednesday morning. The 10year treasury yield, we have it at 4. 22 now. The price of oil, 81 per barrel and gas prices by the way are still going up 90, there you have it. Bitcoin, not moving much, 29,059 per coin. Thats the markets on a wednesday morning. Now this, for 40 years, from 1980 to 2020, china was the marvel of the world. It became the workshop of the world. A stellar performer where hundreds of millions were lifted out of abject poverty. That was the mantra, it is deal. Leave us in power and well make you prosperous. That was the deal. It worked. Now its not working and you have to wonder what happens to the deal. The pandemic was the pivot. A long and near total lockdown was imposed and hit the economy and damaged the partys image. When the lockdown ended, the economy didnt return to precovid growth. In fact, the property crisis got worse. And unemployment hit 20 for young people, Foreign Companies started to leave after taiwan was threatened and hong kong overrun. As of now, chinas economy is in a slump and its getting worse. This is not an easy situation for china to deal with. It is a brittle dictatorship and cant tolerate political opposition. That means new ideas, outside communist orthodoxy cannot be conceded. Its a top down government, not geared to the people who are getting hurt. The people whos prosperity is vital to the communist party. Dont celebrate. Bad news for arrival is not necessarily good news for us. We have to deal with chinas decline and dictators in a corner are dangerous. They can play the nationalist card and strike at foreigners. Times do change. China has gone from workshop of the world to dangerous threat to the World Economy. Second hour of varney just getting started. Stuart mark grant is with us this morning. Mark, this is very much your area. Question, will china start a downward spiral for the World Economy . Well, stuart, i think theyve already started a downward spiral. Their shadow Banking System is in trouble. Two largest Property Companies are in trouble. Their economy is sinking, and i think its a real mess over there and much worse than most people think. The other thing you have to keep in mind is even the data that china gives us that were basing all this on, you dont know if its accurate because they manufacture data to suit themselves. Stuart are they about to experience what i would call a credit crunch . Well, you could call it a credit crunch but it may even get worse and turn into a recession. One of their largest shadow banks came out today and said they cant pay the Chinese People the held their products and theyre protesting in front of some of the banks and institutions in china, and its going to affect america too because of our interaction with them in terms of production of goods. Stuart is the deal broken in china . By deal, i mean the communist party keeps control and return for confirming prosperity on the masses. Is that deal broken . I dont know if you would say it quite that way. They promise to uphold the economy and make sure everybody was working and so forth. The problem in china is theres no counter parties so when you say the deal is broken, its just whatever the communist party decides. Theres no one challenging its power. Its certainly not like the situation in the United States where we have different parties running on different plat for the purposes. Flat forms. I would say their chips act is in the process o issue economy is in the process of breaking. Stuart thats what im interested in. Mark, thank you for joining us this morning. This is your area and if the economy is in the process of breaking in china, thats not good news. Thank you, mark. See you soon. Interesting story, treasury secretary janet yellen admitted to eating hallu hallucinogen mus during her trip to china last month. Lauren it was an accident, heres her story. I was with a large group of people and the person whod arranged our dinner did the ordering. There was a delicious mushroom dish i was not aware these mushrooms had hallucinogen ick properties. All of us enjoyed the mushrooms and none of us felt any ill effects from it. Lauren she didnt trip. That dish is selling out because of the press in different restaurants throughout china. Stuart heres a headline for you. Heres something to hit you w look at this, the headline will Michelle Obama take bidens place in 2024 thanks to hunters scandals . As you can see, liz peak wrote that. Very poignant piece and she joins us now. You really think that could happen . Stuart, for many weeks, if not months, you and i thoughted and a lot of other people thought joe biden cannot possibly run again for four more years, not just because hes unpopular but also because of the alleged corruption, which definitely is eating into his popularity and i think really threatens his Reelection Campaign so the question is, if he waits months and months to drop out of the race or be pushed out of the race, who could probably step in and really the only viable alternative is Michelle Obama. Everybody knows her name. She has widespread fame, and more over, shes very popular and shes one of the most admired people in the country and could win elections. The real point of this piece though is not that piece but this scandal thats engulfing hunter biden and joe biden and the whole family also begins to ding the obama white house, which supposedly was scandal free but lets face it, this took place under obamas nose and many people in the white house knew about it, talked to joe biden about it, and so we wonder why did barack obama not endorse joe biden in 2016 . Why did he not push his candidacy and even in 2020. Why was he so tepid on joe biden . Is it really because he was old or because he knew about the stuff going on and feared eventually it would come out . Stuart all right, transfer our attention to the other side of the coin to the gop race. I wanted to listen to ron desantis weighing in on trumps latest indictment. Watch this. Atlanta has huge problem withs crime right now. Theres criminals that were let out that shouldnt have been let out. Theyre now doing an amount of resources trying to shoe this 2020 election into a rendition rico statute,that was designed o go after organized crime and not necessarily a political activity and so i think its an example of this criminalization of politics. Stuart do you agree with that, liz, the criminalization of politic s . I do. I do 100 . Good for ron desantis this is what ron desantis has to do. He has to show the American People hes a fighter, and he doesnt just go along with kind of the sound bytes on tv, hes willing to put up defense against this. I think this is a messy sprawling case. I think the georgia prosecutor obviously has it in for donald trump, but i think she has a lot of work cut out for her. Stuart i just cant imagine that trial, all 19 defendants in the trial together and its supposed to take place in the next six months. I mean, thats just out of the question. Which it wont. Stuart, it wont. I mean, theres a trial from last year thats dragging on still. It cant possibly happen in time for the election, i dont think. Stuart i agree with you. Liz, always good. Thank you very much indeed. See you again soon. Thanks so much, stuart. Stuart lauren, come back into this one, please. Whats this about the Fulton County judge using trams old tweets in the indictment . Lauren theyre haunting him. That georgia indictment used 12 tweets as evidence against trump. They were about his advertising of Election Fraud coverage on some networks, and then a Pressure Campaign of certain officials. Okay. This is a racketeering case so prosecutors essentially have to prove that if you buy a schemassing, youre ski massing, youre plotting to rob a bank. Are they part of a pattern ovbehavior to organize the crime of election interference . Thats tough to prove. Stuart yeah. Lauren either way, trump is mad and said if he wins, hell appointment a special council to investigate bidens alleged crimes and bribes and called biden the manchur ashley n candidate. Stuart coin base. Lauren Regulatory Approval first time to offer a crypto futures trifoliated trading and futures trade asking speculative than spot trading. So its a little bit more risky. Coin base is up 2 . Stuart im barely up on stock fusion. Lauren ubs takes them to a buy and undervalued and shared can jump more than 25 . From here they like their coffee like doughnut shop and green mountain. Stuart whats with intel . Lauren about a 5. 5 billion deal to buy the Company Tower semi and down 8 and it was scrapped because china did not approve this deal. I wasnt expecting that to be the reason. Are tensions that bad . Tensions that involve semiconductors and ch chips and Artificial Intelligence . Its a sensitive subject. Intel down 1 has to pay a 350 million termination rate. Stuart china intercedes and says you cant get together. What a situation that is. Lauren correct. Stuart thanks. Police departments losing officers faster than they can hire them. Its so bad an entire police force in one Minnesota City has quit. Madison alworth has the full story coming up. North korea confirmed the u. S. Soldier that voluntarily ran across the dmz is in the country. They claim the soldier is seeking refuge in north korea. We have the pentagons response to that. Its been two years since taliban fighters recaptured afghanistan following the disastrous u. S. Withdrawal. Is america safer under biden now two years later . Well speak to a retired green baa raythat served in green t that served in afghanistan after this. Do you shop for vitamins at walmart . Force factor products powerfully improve your health, but theyre also delicious, easy to use, and affordable. Thats why force factor is now the number one best selling herbs and supplements brand at walmart. Unleash your potential with force factor at walmart. You cant buy great conversations or moments that matter, but you can invest in them. At t. 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What is nicky haley saying about this . Shes getting pretty dramatic, isnt she . Lauren she says the world is less safe, our enemies are elmore boldened and our allies emboldened and allies are questioning our relationships. No one has been fired for the botched withdraw or replaced. Remember the testimony from the families of the 13 Service Members that lost their lives two yearsing a . They want answers and theyd applaud what nicky haley is saying that no one has taken responsibility, nothing. Stuart the taliban celebrated their, as they call it, the great victory in afghanistan as the anniversary of the withdrawal marked their return to power. We have a retired green bernards healthcare retrocochlear that served green beret that served in afghanistan and hes joining me now . How do you feel now after your time serving in afghanistan . I feel like most veterans and americans that served over there alongside our brothers in arms. Its a high disappointment for the reason that many of us enlisted in this post9 11 generation and myself is the youngest volunteer on ground zero in new york city, bagged four bodies right in the aftermath. Then to go over there, serve with special operations teams, many who have done operations across generations serving their country, serving the u. S. Missions interest, and saving american lives. For instance i serve on a board of special Operations Foundation and were trying to get one of my Afghan Special forces guys back, habib, who was i was roadway cently successful to geo get him to turkey and they dont have the special immigration visa to take care of him. And were funding now on sos. Org to try and find peace for him. I shouldnt be doing this. Our charities shouldnt exist. The u. S. Government should have done a better job of taking care of the withdraw plans, shouldnt have mashed a date, shouldnt have given a time or location. Lot to be angered about. Stuart do you think biden has made america safer . I dont think anything that we did in afghanistan has made america safer. Referring back to habib who worked alongside the most elite special operations teams, he was enrolled in biometrics and these biometrics, which we handed over to the taliban, you know, are now being had been used against him and he had to void multiple check points and arsenal weapons, you know, rear wing aircraft that they have. I really want to try and compare a pre9 11 versus a post9 11. We went over and green berets and Horse Soldiers and went over and did their duties and found bin laden and sought revenge for 9 11 but we left this country in a bubble that only history will tell and not fore karating a very forecasting a very safe future for us. Stuart how would you describe moral amongst the military right now . Admiral mullen said it best in a recent interview with the wall street journal and acknowledge that had teachers, coaches, mentors are advising children teenagers that are becoming of age to enlist in the military not to join the military. Of course hed agree thats not what we need. We need the teachers, coaches and mentors to advise smart folks to join and need the best leadership and its where the culture is and what theyre seeing on tv and end of the war and semireminiscent of vietnam. Stuart started so badly two yearsing a, so badly. Sir, thanks for joining us today and hope to see you again soon. Thank you. Stuart we have update on u. S. Soldier named travis king that willingly crossed the border into north korea. Whats north korea saying . Lauren north korea said king willingly sought refuge there because he was disillusioned about life here and he was upset about Racial Discrimination in the u. S. Army. The pentagon says it cant verify the claims and its working to bring him back home. I just read this and i said, wow. All the tension here, all this wokeness in the army is now being exploited and used as propaganda essentially by the enemies against us. Stuart thats precisely right. Theyre using it against us. House republicans pushing the department of justice for answers on the use of taxpayer dollars. What are they looking for . Lauren who gets the federal grant money and why. The House Republicans are looking for transparency and how the doj allots grants. How is money earmarked . Was it for projects tailored to social or political issues and asking for doj behind documentation and those headline haves passed and no answers. Stuart politicization of the doj. Thats whats going on. Thanks, lauren. Now this, retired nfl lineman michael oher whose life story inspired the movie the blind side is suing the family, which took him in. 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