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likely to go higher after opec plus announced it will cut oil production by a shocking 2 million barrels a day. >> dana: now the biden administration is walking an economic tight rope. if the economy heats it it could make the inflation worse. if it cools down the risk of a recession gets more likely. fox team coverage this morning. larry kudlow standing by with the big picture. let's go to edward lawrence at the white house breaking down the numbers for us. >> this was a very good jobs report and could be part of the problem. it will likely keep the federal reserve on course to have...

My point is in every single way we have an inflation problem, we have a soft economy on the front end of a recession problem. we have real wages falling and we are now outsourcing the principle source of energy. we are outsourcing it to the middle east once again. remember the arab oil embargo in the 1970s when i first came to the federal reserve and wall street and to venezuela and to iran. this is farcical. the "wall street journal" editorial board called it preposterous. >> dana: larry kudlow, thank you so much. we appreciate your expertise as always and the national security warning is wel...

You can fix the recession problem by better economic growth. but you can't fix the pension problems that way. that requires cutting the budget. alisyn: do tax hikes or tax breaks work? florida, new york and californial would like to know that. >> a businessman who tell you its am not just the tax or the spending. what do they get in terms of a quality labor force. the kinds of services they need to run their business. if the tax are too high compared to the value of the services they will go somewhere else. alisyn: today with governor walk they are on the capitol, how can the federal governmen...

Nonfinancial companies have socked away something like $1.84 trillion in cash and other assets, but they're not spending them. they're not hiring. they're not building plants and other infrastructure. why not? and wouldn't -- don't they have a responsibility to do so in this situation? >> well, there is a gap of confidence in the economy that comes from the shock that we had of 2008 and 2009. $17 trillion worth of lost economic value in that time frame makes companies and people very, very concerned. even though we've had a major recovery and some of that valuation loss. it makes people nervou...