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economy in the world, the world, the world. maria, no actually, the economy contracted 1.5% in the first quarter. and now predictions it's about to get much worse as the federal reserve moves to the the raise interest rates again this upcoming week. >> it's a hurricane. it's -- right now it's kind of sunny, things are doing fine, everyone thinks that they can handle this. that hurricane is right out there down the road coming our way. >> i think that we're really heading for lehman-type moment here. i think, and listening to institutional investors, the marks on private ec by -- equi...

economy in the world, the world, the world. maria, no actually, the economy contracted 1.5% in the first quarter. and now predictions it's about to get much worse as the federal reserve moves to the the raise interest rates again this upcoming week. >> it's a hurricane. it's -- right now it's kind of sunny, things are doing fine, everyone thinks that they can handle this. that hurricane is right out there down the road coming our way. >> i think that we're really heading for lehman-type moment here. i think, and listening to institutional investors, the marks on private ec by -- equi...

But they argue and the pentagon argues and the reason why is because pentagon officials don't want to put american pilots in the air to shoot down russian planes. they think that would be a deck la rare of war against russia. what they do -- what they are doing is they are speeding a lot of weaponry to help the ukrainians put in place almost their own sort of no-fly zone. we are getting them sting irs and javelins. and that, that operation has been going on full-on since this military campaign began. you saw president biden's announcement earlier today after president zelenskyy's emotional app...

Who are privy to high level intelligence manners? does he say this should be redacted. today he was asked would you explain why you're not giving us some of the things you're giving us? he answered yes. then if the congress says wait a minute. we think we should have gotten that information, this is going to go back and forth. it can go to the courts. it's just not like everything in life, it is not simple. it could grow more and more complex. >> how do you see it? >> no one wants to see that when it comes to this issue. i think to throw him a lifeline one of the reasons i think he was saying ...

A deck la -- declaration of war and all humanity. i may not be human, but i think you are. [laughter] how to you feel about that -- 40 how do you feel about that statement? >> i think this is a declaration of war against, as the president said, very silly rules and regulations. look, here's what these rules potentially do. they give states more flexibility over how you regulate coal plants, more importantly, give them flexibility to allow coal plants to upgrade and actually become cleaner plants. this was something the old obama era rule did. if you wanted to upgrade, it essentially forced you...