creating death and destruction everywhere. >> if terrorists are not stopped in ukraine, they will move further on the western borders, further and further. maria: he brett, what are we missing that you want to the adhere. >> the world needs to understand the tragedy that's taking place in ukraine. it happens every day on the front lines. cheryl: our thanks to brett velicovich. the next hour of "mornings with maria" begins right now. and good morning, i'm cheryl casone. i'm in for maria bartiromo. it is friday, january 20th. it's 7:00 a.m. ear on east coast. the supreme court said you it is unable to identify who leaked the draft decision on the dobbs decision which led to the overturning of roe v wade, this happened after an eight month long investigation. tthey writethis, the team has be to identify a person responsible

by a preponderance of the evidence. 82 people had access to the dobbs decision, an outside breaches was unlikely. 87 employees were interviewed. the house judiciary committee is exacted to investigate the leak. joining me for the hot topics all morning long, i've got lee carter with me and michael lee. lee carter, i'm sorry, but can't figure this out? why don't you open up the e-mail at the supreme court? why don't you track computer keys on keyboards? because that is how you find out internally who is doing what. and they couldn't find this? >> i feel like the answer has to be they don't want to find it. the supreme court can't find it? this is such a sensitive case. this is the highest court in the land, this shouldn't be that hard. if they can't figu figure it oue only conclusion is they don't want it to be. cheryl: it could be the tech

technology at the supreme court is unsafe, they need an overhaul of their computer systems. >> i'm with leon this. -- lee onthis. they didn't want to find who did this. it will expose someone and roe versus wade for people without religion is their religion. so the sensitivity to this topic and if you think about what this led to, it led to an assassination attempt on justice kavanaugh and all the members of the court that voted on this had pprotester in front of her house and all merrick garland can raid marla bmar-a-lago but he cannott supreme court justices when coming to their houses. we have never anything like this in the history of supreme court. everyone talked about donald dod trump breaking norms. if a supreme court justice wants to rule in a i way the left

doesn't like, they need to fear for their life. they know no one is coming to save them and there will be no repercussion for someone who puts their life in danger. the seriousness of them not finding out who did this and punishing them to the fullest extent of the law is going to have ramifications we can't imagine. cheryl: someone will think i can get away with this the next go-round. a lot of sensitive business corporate cases come to the supreme court. things with regards to whether it's unions, whether it's labor laws, i mean, the whole gamut, medical cases. who is to say that somebody isn't vulnerable to being coerced that works at the supreme court. obviously someone felt comfortable enough that worked at the supreme court to leak this information and maybe it was over coffee in washington. who knows. we're never going to find out. >> who knows. although it was word for word. they knew exactly the wording. it would have been a he detailed conversation that someone was

reading something or maybe taking pictures on their phone. i think what we're looking at here, though, is why democracy on the ballot became such an importants message during the midterms. it's because the institutions that are most important to our security, to who we are as a democracy, are under threat. the supreme court used to be one of the most trusted institutions that we had. the fbi one of the most trusted institutions that we had. and what's happened in recent times is that that trust is being called out right now and it really feels like it's on one side of the aisle. i think a lot of conservatives right now you are saying this is just not right. i don't think a lot of people on the left have as much of an issue. when you look at polling on trust in the supreme court, had that is really, really troubling for how people feel about our democracy, institutions and country as a whole. cheryl: final word, mike.

>> them not finding this person and punishings this person advanced the decay of the fabric of american institutions and american government and confidence in those institutions. it just pushed it forward so aggressively towards kind of a marxist banana republic state which i think is more of the same that we've seen during this administration. cheryl: i mean, it really is very disconcerting i will leave it there that the supreme court is vulnerable in this way because they say about the gravity of cases cases that thet reviews, no subpoenas, no polygraphs. i don't know. we have a lot more coming up this morning. earnings season is rolling on. we are going to preview a big week for the airlines and we're also going to take a look back at what we heard from the banks this week. plus, mortgage rates are on the decline, as population growth in this southern state keeps going up. we're going of to get into that. don't miss a moment of it. you're watching "mornings with maria" live on fox business.

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will be decades before we get back to zero interest, how aggressive do you think the fed is going to be this year? >> good morning, cheryl. great to be with you again. i think they're going to have to be pretty aggressive, not as aggressive as last year. the fed's come a long way in recognizing the problem they had. it was a year ago they thought they would get three rate increases of 25 basis points. we got 17. so they've come along way. they're doing a lot of work. i likeen it to trying to lose weight. they're on the treadmill, working hard. i don't think it's time to get off and check the scales just yet. i think the data's coming in and it's definitely softening a bit but we don't know how long that's going to take. the labor market's still very strong and so i think they have an opportunity here at this meeting coming up to take 50 basis point hike. it wouldn't be a big surprise to the market. i think you've got to take that shot now and investors have to be prepared for that outcome. cheryl: you say the market's got competition because bond

yields are on the rise. >> last year was a disastrous year for bonds. the good news is, for starting this year, the starting yield often is a huge indication of your y future return for bonds,o you can start off getting 4 and-a-half percent in treasuries. that's really good. a big mistake investors are making is they're leaving too much money sitting at the banks earning nothing. you need to get in a money market or treasury bills and ladder those out and pick up yield where you can. from a starting perspective the bond market's much better this year than starting last year. cheryl: google parent company alphabet reportedly cutting 12,000 jobs, about 6% of the global workforce. the stock is higher because a lot of times wall street likes to see layoffs. but they're not the first company. we've seen tech across the board. this week we heard from microsoft and also heard from goldmansachs, and other banks, ,

amazon. this is pretty rough here. >> just a follow up on what you're talking about with the fed, this is what the fed wants, you need to crush the economy, to crush inflation. cheryl: the fed wants layoffs is what you're saying. >> unfortunately, yes. we're in the middle of a wage price spiral. in the wage price spiral as the costs of goods go up, you need to pay workers more. as you pay workers more you need to raise the price of costs of good. as the things go up, continue to go, there's two ways to fight inflation, create more supply or crush demand and the fed is going to crush demand. it's working. and now that you are seeing layoffs from some of the most profitable companies in the history of the world, companies with hundreds of billions of dollars of cash on their balance sheets, are laying off workers, what does that a say about how they think the economy's going forward and what they need to do to preserve their margin. so on one hand this is bad news

for those losing their job, on the other hand it's probably good news. it means the end of the p inflationary cycle is hopefully near. cheryl: maybe they can rehire at some point. i want to pick up on netflix. they did report last night. they missed on earnings. but they added millions of subscribers. kind of a piece of good news with all the negativity out there. >> the streaming wars, if you go back a few years you're like how can netflix win this when you're competing with the likes of amazon, disney, warner media, all these big wigs in terms of content and this content arms race, will netflix not only be able to keep subscribers but keep putting out good content. we have the answer. everybody else is trimming down subscriptions, maybe during the pandemic they had eight or five, now they're going to two or three. netflix was the first mover, still the leader in the market and the he blowout of subscribers in terms of relative

to expectations was pretty shocking. the stock's up dramatically because of it. i do not know what the management change and leadership change for the company will mean going forward but netflix is here to stay and it seems like in the streaming world you look at disney plus and what that's done to disney stock, it seems that as the rest of the world is falling apart around it, netflix is looking pretty good and hanging in there. i'm a little bit shocked. but also you start to see the you power of being the first mover and continually putting new stuff out there. cheryl: i'm glad you brought what that up about disney. it's the opposite at disney. that's why bob iger has been brought back in to fix things because of the streaming mess at disney plus. i want to talk about next week, a lot of big airlines will be reporting. we'll hear from delta and several others. i don't know if the airlines are in your focus or if there's other companies you're on the watch for. what do you expect? >> we're looking at broad economic data just to see if the

fed is really getting the outcome they're desiring here. i think we are. we saw the retail sales number was down at the end of the year which is not good for retailers. are the consumers going to stop spending money, going to stop taking airplane rides an going to destination, will they stop going out to eat. the fed is trying to crush the demand side. time will tell here. we have to let this play out a little bit. but to my earlier point, i think the fed still has to stay somewhat aggressive on this path. they're steadfast to not repeat the 1970s. that was a disaster of a decade of lost wealth for everybody and they don't want to make the same mistake. cheryl: according to mike, there's a new airline we have to be watching. what is it? >> breeze airlines. cheryl: maybe they're the new game in town. i don't know. all right, ryan, thank you very much. good to see you this morning. of course, mike lee you're with me all morning long. we've got a lot more coming up. presidepresident biden breakings

silence, saying he has no regrets on how he handled classified documents. georgia congressman brandon scott will weigh in, that's coming up next. ♪ you know that i love you. ♪ i wouldn't dream of going nowhere. ♪ silly woman, come here let me hold you. ♪ have i told you lately i love you like crazy, girl. welcome to ameriprise. i'm sam morrison. my brother max recommended you. so my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors, the garcias, love working with you. because the advice we give is personalized, hey, john reese, jr. how's your father doing? to help reach your goals with confidence. my sister has told me so much about you. that's why it's more than advice worth listening to.

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cheryl: more details surfacing from president biden's classified documents scandal. the secret service admitting they to have some visitor logs from the president's delaware home. the documents were in the garage next to the corvette. remember, when hunter biden was living there. republican lawmakers are blasting the justice accident for opting out of having the the fbi monitor biden's personal attorneys during the search. i want to bring in georgia congressman, austin scott. congressman, good morning to you. your reaction especially with this new information we're getting from the secret service, oh, we do have visitor logs but congress has to call us in fors us to give the names. >> yeah. cheryl, good morning. i'm a little taken aback at how his lawyers were even allowed to do the search. i know in my office, even as a

member of the armed services committee, if someone goes to work for me even if they had clearances in the past, it takes months and months and months to get our staff members cleared where they can even view classified information in a room where they're not allowed to remove the documentation and the idea that the justice department would allow lawyers without clearances to go search for the documents and that means handle the documents, i don't understand how they allow this to happen. the search there, it should have been handled by people who were in the law enforcement agencies, should have been handled by people who the justice department made sure had proper clearances to handle the classified documents and it's clearly a situation where the justice department is using kid gloves with regard to the current president of the united states and they used fbi tactical raids with the former president of the united states. it's a total double standard.

it's one of the reasons that justice department lost so much credibility with the american citizens. cheryl: your colleague, cory mills saying the same thing, he told fox news digital that you can't make this stuff up, the fact that the lawyers were in there and the doj kind of basically just mishandled this in general and i think sloppy is the term that i've been using over this. hunter biden wrote in his memoir he was quarantined at that house on election night during 2020, during the covid lockdowns. your reaction to that and how soon before we get hearings called on this? >> i think the hearings should come pretty quick. you know, again, the fact that hunter biden was quarantined at the house means that he would have had access to the files, which means that somebody committed a crime in creating access to classified information for somebody who did not actually have clearances to review that information and i'm

a little taken aback, cheryl. i don't understand how the documents got into someone's garage. i know when we see documents, we walk into a room that's got a scif. when we walk out of the room we never have any of those documents with us. we come in with nothing in our hands and we leave with nothing in our hands. and the files the that we look at are numbered. the pages in the files are numbered. and so i just don't understand how joe biden was allowed to actually carry documents out of a room with him into non-secured areas or facilities and so the fact that hunter biden was there means that he would have had access to that information and, again, those hearings are going to come pretty quick and there needs to be -- one of the subject matters is did had his attorneys, and i do not believe they did, did his attorneys have the proper clearances to handle the classified information. again, cheryl, you see the double standard in the

mainstream 34 media and in the justice department and that's one of the things that's so damaging to our country. cheryl: lee, go ahead. >> the polling after these instances don't change p opinions thatmuch of this presir president trump but what ends up happening, i think the impact really is then trust in the institution, what happens to trust in the judicial system, trust in the media. what do you want voters to the take away from all of this? in many ways going to hearings and investigating biden puts trust in congress into question, saying everything's political. >> yeah, it has become political over the last several years. there's three committees that need to be apolitical. that's the armed services committee, the intel committee and foreign affairs commit at this. affairs committee.those committe last few years have been nonpartisan. if you look at the intel committee and what adam schiff

did with it and the way nancy pelosi and he orchestrated the russia hoax thing and used the intel exit commit the to behind behind and speech in abstract and made insinuated accusations against president trump, i think it did damage. hopefully with republicans taking over the house, i expect to get some of the credibility began. cheryl: the house controls the purse strings. the u.s. just hit the $31.4 trillion debt limit yesterday. the treasury second janet yellen wrote to kevin mccarthy and she is pushing for a bill to lift the limit. she says the period of time that extraordinary measures may last is subject to considerable uncertainty including challenges of forecasting payments and receipts of the u.s. governments months into the future. one of your colleagues said,

this is kevin hernon of oklahoma, he says enough is enough. he says the media is being irrational, there's too much hysteria about the debt limit being hit. isn't it time for fiscal responsibility to the take root in washington and that's your party's chance right now. >> it is. but let's -- cheryl, the most important thing here is the integrity and honesty in the he debate. joe biden signed the omnibus bill on december 30th. i have in my hands the daily treasury statement. anybody can look them up on the internet. they're readily available. so the national debt limit is $31 trillion. on december 30th, it's a little more than that. december 30th, when joe biden signed the legislation, the national debt subject to the limit was $32.347 trillion.

we had already effectively hit the debt limit when joe biden signed the omnibus bill decembe. today, the latest treasury report shows the debt subject to the limit is 31, 342. so some days are better than others. the actual debt subject to the limit is less today than when joe biden signed the piece of legislation on december 30th. again, that's according to the daily treasury statements. so if you want to look at the gamesmanship being played here, if she had been honest she would have been sending letters in december saying we hit the debt limit. debt subject to the limit was higher on the day joe biden signed the piece of legislation than it is today. the people who made the decisions on the omnibus bill, mitch mcconnell is one of them, mitch mcconnell, joe biden, chuck schumer, nancy pelosi, four of them had a couple of choices. they could have chosen to do a continuing resolution without the debt limit and we as republicans in the house would

have supported a debt limit to fund the continuing resolution. not all of us but i would have and i think enough of us would have supported a debt limit to fund the continuing resolution, then there would have been no problem. you have the potential for them to pass a continuing resolution with a debt limit attached and we wouldn't have had that happen. cheryl: i want to move forward if we k there's a lot of water under the bridge. i want to move on. i don't have a lot of time left with you. i want to ask about the $2.5 billion aid package to ukraine, it's personnel carriers, more infantry fighting vehicles. we've already given them 27 billion in military assistance. where do you stand on this debate? since we're talking about spending and debt. >> that's right. i actually -- i very much support what we have done in aiding ukraine. i'm on the armed services committee. i don't believe the russians

were going to stop atin. at ukraine.i think they would hd through the whole country of ukraine. the russians have a goal to control the black sea. there's a tremendous amount of food, there's a tremendous amount of fertilizer that black sea region is extremely important to the global economy and the food supply. i support what we have in aiding ukraine. i do think we need to know where the money is going but i will tell you, had the ukrainians not stood and fought as long and as hard as they did, i don't believe they would have succeeded without the u.s. weapons sis l testimony, i believe the russians would have moved through ukraine and would look at taking other countries. mar.cheryl: what about germany? wouldn't it be fair to reach out to allies in europe? germany is still stalled on whether or not they want to provide support to the ukrainians. that's currently happening, that he debate. it seems to be falling on the united states.

i think that's the worry here. >> this is not just a u.s. mission. this is a nato mission to protect our nato allies. we do not want russia up on the eastern flank of our nato allies. if you look at russia's you aggression, they do this every four to six years. they're across the border in georgia, they're across the border in moldova, across the border in multiple countries right now, not just the ukraine. it is only because of how gross the atrocities in ukraine have been, how aggressive they've been in ukraine, that we're talking about this. the russians were not going to stop in ukraine. they would have gone through ukraine, taken moldova. the goals is to control the black sea and then they can etch effectively land lock the economies, the oligarchs would have controlled the ports of the black sea and i do think had that it has been in the u.s. national security best interest

of the american citizens for help the ukrainians stop the russians. cheryl: thank you for joining us this morning. we appreciate it. >> thank you. cheryl: we have a lot more coming up. s & p global vice chairman sitting down with maria in davos this week, he'll break down what world leaders are focusing on when it comes to energy and oil prices. that interview is coming up next. ♪ ♪ we all have a purpose in life - a “why.” maybe it's perfecting that special place that you want to keep in the family... ...or passing down the family business... ...or giving back to the places that inspire you.

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appreciate it so much. thank you. doors are new beginnings. -surprise! -surprise! your dedicated fidelity advisor can help you open those doors. for you, mama. through personalized money management that can evolve with new chapters. and they can proactively view your entire portfolio. with an eye on taxes and the impact of risk. so you can enjoy moments together. because doors were meant to be opened. cheryl: the energy conversation at the world economic forum in davos focusing on climate change and the transition from fossil fuels to clean energy. s & p global vice chairman,

daniel yergin, joined maria in davos to discuss. watch. maria: this agenda, this movement towards a transition, whawhat has that meant for traditional foss i'll fuel fossl companies, oil companies. >> they find there's more issues they have with investors in terms of people -- who is going to invest in it. it's also a question of access to capital from international financial institutions. so it means that i think there's obviously a problem of under-investment on a global basis when you look at the economic growth that's ahead. maria: you're right. i mean, oil stocks were 5% of the s&p 500 last year. it used to be much higher than that. i want to get your take on the supply/demand situation right now. how would you address supply slsupply/demand and what does it mean for prices. >> right now the oil market is

well supplied, probably over-supplied. that reflects weakening economic activity around the world and the fact that chinas' been out of the game. when china comes back, i think we'll see a tight market. maria: we keep saying when china comes back. the ccp said they were going to reopen but we're yet to see evidence of a robust reopening. is that happening. >> it's not going to happen overnight. reopening, a lot of people get covid and still the economy. be president what we see in terms of commodity movements to china, there is that sense of momentum. maria: you write that energy security is national security. i totally agree with that. let's talk about that. and your thoughts in terms of is there enough oil to actually mean national energy security and national -- >> the big revolution is we are essentially energy independent which has seen eight presidents said we have to be energy independent and i think long-term where is the growth going to be, it's going to be in

80% of people that live in emerging markets so i think that question of investment that you raised is going to continue to go through cycles. maria: what will it take for investors to see a return. >> we've seen a return to stocks that equity are doing better. maria: huge. last year they were the best performing. >> over time it will become more comfortable and realizing the esg really needs to be redefined and what you said about energy security is back on the agenda,. maria: do you expect a recession this year? and if we were to see a slowdown doesn't that mean oil prices go lower? >> i think if i look at pmis we're already seeing the slowdown. it's already here. the general consensus here is if the first part of the year, that's one reason gas line prices are where they are, not where they were three or four months ago when there was a lot of agitation about them. maria: do you think we see much of a change in the price of oil

and gas this year? >> i think in the second half, particularly with china full throttle again, i think we'll see those prices come back. remember, they haven't collapsed by any means if you look at the average price for the internatinternational barrel itl in the mid-80s. maria: what do you want to say about the agenda and policy and politics around investing in oil. there's a real push out of the administration to shut down lending on fossil fuel companies, limb t eliminate or n usage of it. >> this is what i heard from emerging markets and developing countries, they said we need the investment, we need the natural gas pipeline so people are not spending three hours a day gathering wood for indoor cooking so i find the rising tone from the developing countries saying we have to be part of the discussion too and we need that finance. maria: but they're not part of the discussion right now, right. >> i think thats process is changing. i have been part of the dialogue. it's becoming stronger because

they say we want to -- our voice has to be heard in this too and we have -- he yes, there's a climate priority. we have other priorities, economic growth, reducing poster and better health. maria: you make a really important point in terms of the process, this doesn't happen overnight. and in the meantime, virtually everything we're doing in our daily lives require fossil fuel. >> yeah. exactly. and one of the things i did in the new map was look at energy transitions. they don't happen overnight. they don't happen in a quarter century either. they take longer. there's lots of technology that isn't had yet. we're going to have another problem which we'll talk about in years ahead which is minerals, access to things like copper, lithium and those things had that are -- we're going to see the price -- copper prices have started to go up again on the opening of china. maria: why do you think we'll have a problem with that? because china is buying up the minerals? >> it's been hard to invest in mine. open you new mine including permitting can take 16 to 25

years. it's not something -- it takes longer than oil and gas. maria: part of that is the regulatory environment. >> i'm talking around the world. when we did the city difficult . maria: coppers is used in everything from building a home to your car. >> i think so. i think you should expect the price of these inputs are going to go up because the demand -- i mean, electric car uses two and-a-half times more copper than a conventional car. maria: good point. so sounds like you don't think inflation has peaked. >> i think if the near term, i think it has. but i think you're going to have -- with all this investment and requirements, an up ward inflationary -- pmis, we see moderation in inflation for now but you're building in a different kind of inflation into the infrastructure. maria: all right, i'll leave it there. good to talk with you. thanks so much. cheryl: our thanks to daniel yergin. coming up, mortgage rates on the decline as population growth in this southern state keeps going

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i'm able to clean my house. i'm able to do just simple tasks that a lot of people call simple, but when you're extremely heavy they're not so simple. golo is real and when you take release and follow the plan, it works. cheryl: mortgage rates falling to the lowest level since september the 30 year mortgage rate coming in at 6.15% this wreak. week. dana, good morning. it's always great to see you. >> good morning, cheryl. it's so nice to see you. cheryl: thanks for being here. let's talk about first mortgage rates. we're starting to see them dip a little bit. is this a trend do you think or just a one-off? >> i sure hope so. there have been many buyers on the sidelines waiting for mortgage rates to decrease so they can jump back in the

marketplace. 6% doesn't sound as amazing as 18 months ago when rates were at 3% but pres but any dip is encouraging for the real estate marketplace. cheryl: it's not just in southern florida and miami area, you've had a lot of buyers that have been wanting to head up north. northern florida. because of basically the prices that have gotten kind of out of control in the miami area. is that still the case? >> not for me. the buyers that i work with, which is primarily the ultra luxury marketplace, they love miami beach. they may move a little bit south to coral gables or a little bit north to golden beach or palm beach but they certainly love the lifestyle here and are definitely staying put. cheryl: interesting. i want to bring in my colleagues. we've got two people on set that are big florida folks, just like you are, dana. but real quick, florida is the fastest growing state, 1.9% increase in population from '21

to 2022. it's all new yorkers. i'm speaking with two former new yorkers who both have pieces of florida. >> i love florida. >> everybody loves south florida. >> it's amazing. one of the things i'm curious about, with miami becoming the crypto capital of the country, so many people having moved there, built businesses down there, has that had any impact on the market with all of the softening in the crypto market, softening is a nice word, i think. >> softening is definitely a fair word. the realtors are choosing to balance the marketplace. the crypto buyers that i worked with in the last two years all paid cash so i wouldn't say that there's been any correlation to the luxury market place but it certainly makes for a nice marketing talking point. cheryl: mike lee, another florida residence who is grazing us with his presence today in new york city. >> yes.

quick question. it seems like there's supply problems all over florida. i mean, where i am on the west coast, you're starting to see supply finally t hit the market but i would imagine on the high end part of the reason why the prices are going so insane is because of the lack of supply. are you seeing a lot of supply coming on market in these kind of ultra luxury place as well as a little bit of softening of the price increases, not necessarily decreases? i mean, what are you seeing on the high end of the market down there? >> definitely. i mean, that's a fair statement all across the board. but the inventory's still quite limited. a year ago if i had a buyer fly in, we may be able to see five to eight homes. now i could show that same buyer eight to 12 homes. but the inventory is quite limited and there's far from an over-supply in the sectors of the market place where there is

more inventory, naturally you're going to see more leverage for buyers out. cheryl: are you still seeing a lot of international buyers come in from different parts of the world and if you are, because i know you are doing the uber luxury, the # 0 to, 12 to $15 million home and up. are you seeing the international buyers and where are they coming from? >> the main international buyer for the my am miami marketplace remains canadians. i have a lot of buyers from montreal. i'm working with more european buyers. the bread and butter for my market place remains buyers from blue states like california, like new york. they still very much fuel the ultra marketplace. cheryl: interesting. if you look at the da data from 2022, with the tax situation going on up here in the northeast, i can't blame my, like i said, my two colleagues here that are in florida. i want to ask you, existing home sales are coming out today at 10:00 a.m. eastern time.

economists think we get a 3.2% month over month fall. do you think that is actually going to happen today? also, for the year, do you think we're going to see these sales numbers, these existing home sales numbers fall throughout the year as we start to see interest rates kind of start to go back up? >> i think there's just so much more that's driverring the migration to -- driving the migration to south florida beyond interest rates. as long as california and states like massachusetts pass measures like the mansion tax or millionaires tax and continue to drive ultra high net worth individuals out of their states, i believe this year is going to show a healthy growth for miami and a south florida and the goldman sachs numbers that recently came out were also encouraging showing we're the only market in the country that's expected to see prices increase this year. cheryl: there you go. that's why they keep talking about florida. dana, great to see you. thank you for being here. >> not just our climate.

cheryl: that too, the beaches. >> thank you for having me. cheryl: do not forget to tune into ameriamerican dream home, y wednesday night with yours truly, 9:00 p.m. eastern time. we go to a lot of beaches. we go to a lot of florida. tune in. join me there. coming up, small business sentiment hitting a six month low but the white house is taking credit for a small business boom. that's making a buzz this morning. stay with us. ♪ (voya mnemonic.) there are some things that go better...together. hey! like your workplace benefits... and retirement savings. with voya, considering all your financial choices together... can help you be better prepared for unexpected events. for a brighter financial future.

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cheryl: time for "hot topic buzz," marks president biden official halfway mark in term as president. white house taking credit for small business boon despite businesses crushed by crime, inflation. national federation independent businesses small business optimism next fell to 89.8% december lowest since june. lee carter reaction, out to california to look at storm damage talks about how great small business is has he not been to los angeles recently? lee: it is very, very tone-deaf, he is so separated

from reality, and social media on twitter everybody should take time to look at video he posted, of himself ordering a bacon cheeseburger from local business talks about how many businesses have been -- by miles taking credit for all this acts like surprising ordering a chied burger so staged feels more out of touch preposterous, it is preposterous if you try to take credit for saying that small business -- >> i think if white house trying to do is look at all small businesses being created after a pandemic, the country locked down. >> this is it is like today's version of up is down left is right, black is white from this white house small business index lower now than it was, in march of 2020 during height of covid, it is an unmitigated disaster, how

bad for small business the biden team there on payroll, big tech, big labor things crush small business the inflationary policies of this administration, i wouldn't i wouldn't go as far to say there would -- that they are enemy of small business but it is very, very far back the end of agenda this is not an entrepreneurial administration anything to keep poor, poor from breaking out of government control. cheryl: lee: , the last few years seeingu small businesses try to open up, it is tough also, what impact on reporting numbers what is going on in that sector, i just think you know, to make light of it many

ways it is the wrong thing to do. cheryl: this may seem funny but nseizing eggs from southern border companies, a mess they go mexico to get eggs because of what is happening in this country with inflation, that is sad. >> if the you are this administration small business probably one of your weakest point, why focusing on it try to make something up as if you are doing a good job like just focus on other stuff there is like you have 95% media will go along with anything that you say request you need to fabricate nonsense. lee: do something, what are percentage of americans work for small businesses what part of economy made up of small business address the points rather than act like everything is fine the problem when you act like everything is fine it is not, joe biden