in ukraine that had hoped maybe there could be an easing in tension. far from it. the tensions continue and so do the air strikes and so too do the russian troop build-up on the eastern portion of the country preparing for a ground war that authorities tell us that could make everything you've seen to date pale in comparison. jennifer griffin with more. >> hi, neil. we heard the air raid sirens about an hour ago. there were concerns that more air strikes could be coming in response to the sinking of that navy vessel, the russian vessel that is now on the bottom of the black sea. moscow has warned that if the u.s. continues sending in weapons to resupply ukraine forces that those supply lines could be hit. but we also understand that putin is so angry that he's talking about declaring all-out war on ukraine so that he can extend the draft. i spoke exclusively to ukraine's foreign minister today. here's what he said about why he needs certain weapons and how if he gets certain weapons they believe they can win. z. >> how did you sink the russian flag ship? >> according to the russians, it just sunk. maybe someone on board was not careful with a cigarette and set the ship on fire is. that true? >> i was not on board when it happened. >> the russians pulled back from kyiv. we heard explosions a miles away from the capitol. what was the target, what was the weapon used and what was russia's messaging? is that a response to you sink ship? >> this is where. russia will strike back. >> what does it mean to have prime minister boris johnson walk through the streets? >> it was huge. >> what would it mean for president biden to come here? >> we're looking forward to the visit of the president. he demonstrated leadership. leadership which was unexpected. >> unexpected to vladimir putin who underestimated u.s. resolve, nato resolve and now here we are. we'll have more of that exclusive interview with ukraine's foreign minute steer tonight on "special report" with bret baier. neil? >> neil: thanks. look forward to that. be safe, jennifer. and now we go to the dan. he's a fox news contributor. for a guy that says that the ukrainians had nothing to do with the sipping of that battleship, the second in almost as many weeks, he had a funny way of showing it and the quick and return of air strikes and troop build-up that accelerated. he thinks he's acknowledging that they have done that. what do you think? >> it's just reflective of how brittle russia's autocracy is. the first reaction from their propaganda machine was not to admit that ukraine likely with those neptune missiles took out their ship. that's what happened. i watch russia state tv every day. they were talking about this being a reason really to open up and launch further attacks on ukraine. the sort that we're seeing today in kyiv. >> neil: we always try to think what is the end game here. if talks can resume and accomplish anything, you think what would it take for putin to just go away. so he would need something. he would need to show russians back home whether all of this was worth it or does he? does that even happen? is that simply unattainable? >> i think he's feeling that pressure in the near term headed to the victory day celebration may 9. but longer term, also. the future of vladimir putin's regime is on the line right now. he's losing. he failed to topple the ukrainian government in the three days he expected it would take. he failed to take kyiv as the military had planned and now he's had to withdraw his troops. many of them to belarus and russia to be refitted and resupplied and now looking at a fourth phase of the war in the donbas. odesa is the prize. that is why taking out the ship was so important. the russians want to attack the city of mariupol and take odesa. that's where we're going to see i think a lot of these battles reminiscent of world war ii. i agree with you. i'm sorry to say that the worst may be to come. the way the russians have attacked ukraine indiscriminately, we'll see it at a greater level of intensity. >> trace: this goes back to your experience as a cia chief in moscow. the russians are digesting this. we pointed to polls that vladimir putin shows to that he enjoys the support of 70% of the russian people. i'm not sure how reliable that is but there's a lot that they don't know. how are russian citizens dealing with this, responding to this? >> as far as russian citizens at large, there's a lag time for them, for the truth to seep in when soldiers don't come home to their moms and dads, that's an indication. the fact that russia hasn't taken ukraine, that's not a secret in russia. so that is important. what is really important is how vladimir putin's own inner circle is viewing this failed military campaign and how it impacts them individually, how long can the russian military continue to take orders from the kgb guy in the kremlin to rain down hell on ukrainian civilians in return for russia being a pariah state economically, diplomatically. the cost is rising for russia every day. what really matters is how putin's own inner circle, the military and intelligence services react. putin himself has to be nervous. he's purging some of those key members of his inner circle. that's something that our intelligence community is watching closely. >> neil: could he be overthrown? could there be a coup? >> i wouldn't rule it out. i don't think he would rule that out. he's very well-aware of the failed 1991 kgb coup against gorbachev. that's why he's looking for scape goats. he imprisoned an agent for collecting information abroad. putin wants to blake somebody else for his failures and at the same time demonstrating that nobody should think about targeting him or removing him. that's going to be interesting to watch going forward. the longer this war goes on, the highter cost for russia military and intelligence services, the more likely that something like that might happen. i don't see how ukraine can make peace with vladimir putin given the attacks that russia has launched on ukrainian citizens. they're going to need massive military build-up to protect themselves as insurance and guarantees from nato member countries that putin would never support. i just -- this is going to go on for quite some time as long as vladimir putin remains in power. >> neil: how long is quite some time? >> too long. when general milley said this could last years, i don't understand how president biden could talk about genocide occurring and not want to do more to end this conflict. we need to give ukraine what they need in the donbas to man mover around. more humvees, more drones, humvees. we need to do more to give ukraine the capacity to fight back. otherwise, this will last longer than it should. i don't know how much more cities like bucha that the ukrainians can handle or how many more times should we allow russians to bomb maternity wards. it's a humanitarian catastrophe. >> neil: thanks, dan. good catching up with you. before we go to break here, we're getting the biden's combined tax return information. they're extending the deadline to monday, the 18th here. the bidens have already filed. turns out that they report income a little more than $610,000 last year. that works out to the 150,000 paid in taxes for an effective tax rate of $24.6%. good for them that they were not able to get what they wanted to raise the top tax rate to 39 or back to 39.6%. as it was, they weren't paying anywhere near the roughly 37.9% that that income would seem to require. again, when you talk about what people net pay in taxes after write offs and deductions and they had a little of that, worked out to a tax rate of just under 25%. we'll keep you posted on that. also keeping you posted on twitter's final response or the initial response to the world's richest man. the poison pill on this good friday. you know liberty mutual customizes your car insurance, so you only pay for what you need? 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[phone ringing] hm. no way! no way! priceline. every trip is a big deal. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. >> in reality, betting against elon musk is often a mistake. so i think you have to be thinking you're pretty smart to bet against him. but what he will do, i don't have a clue. >> neil: we talked to a lot of experts on the elon musk bid for twitter. we thought we would seek out another billionaire. ken fisher is there. to his point, it's probably not a good thing or a wise thing to bet against elon musk. we're also seeing a pattern play out here that a company that might ignore, a financial group that might laugh off elon musk does come to regret it. indeed now a poison pill in place. that's a way for a company to try to stop an inquirer from getting the shares that they need. susan li has more on this. susan? >> that's right. poison pill. that's the defense tactic that twitter's board has turned to in order to try to fend off elon musk's hostile takeover bid. it's complicated. what a poison pill does, it makes it harder and much more expensive for musk to try to buy twitter. it's only a temporary tactic that expires next year. it only kicks in when somebody like elon musk buys up 15% of twitter's stock. musk has 9%. then after 15%, other shareholders can buy twitter stock at a discount. so what that does is it essentially reduces elon musk's ownership in the company, delusion. we know that elon musk is worth over $250 billion. he's what we call cash poor. most of his wealth is locked up in tesla stock and options, which he said he doesn't want to sell off. wall street is skeptical on how he will get a $40 billion anyway. he did hint at the ted talk that there's a plan b if twitter's bored rejected his order. what is plan b? musk is now the second largest shareholder overtaken by vanguard. so the plan could be musk calling up other twitter shareholders to force the board to accept the deal or must could sell off his 9% stake as he said he would do if his bid is unsuccessful. the settle jack dorsey support for musk's takeover bid. he said as a public company, twitter has always been for sale and that's the real issue. maybe a hint that twitter is betting off maybe in the private hands of somebody like elon musk. neil? >> neil: thanks. good reporting. have a wonderful weekend. susan li on that. charlie gasparino is here. we have the poison pill from twitter. now what is his plan b? >> well, you know, neil, i can say what bankers are telling me he plan b is. it's all over the place. he can just walk away. sell his stake and say i'm done. it's a possibility. we don't know what is in his head. he could play with twitter. that poison pill is not that complicated. it's diluting shareholders enincluding current shareholders. it's not very good. monday expert shares of twitter to tank. musk could increase the state to 14.9% and not, you know trigger the poison pile and said hey, i said 56 a share. how about 60? the board would be hard-pressed the to turn that down the something that jack dorsey said as susan just alluded to. twitter has been for sale and i've been covering this literally the minute it went public. disney passed, sales force passed. it's horrible for private equity, i don't care what real bravo the thinking is. doesn't have cash flow. that's bad. they like companies with private cash flow that they can pay off debt and use that and rebuild the company and sell it in the future. twitter is -- needs to create cash flow. so there's not a lot of buyers. if he -- they've been looking for a buyer literally since day one as dorsey pointed out and as's been reporting. this is it. they may not be able to get to $60 a share ever in the foreseeable future and maybe never. because this is a problematic business model. he's given it to them. so how does the board of directors turn around and say, okay, existing shareholders. i know you hate elon but we're going to dilute you. the stock is going to 40. you're going to have to -- because elon is a bad guy, you're passing up on $60 a share. are they going to do that? if he wants to play the long game. he has to have the cash and he has to take a chance. he's going have to sell his twitter shares or work out a borrowing agreement. theoretically he could call for a swap of twitter shares with tesla shares. that's interesting. either way you cut it, if you're the twitter board and elon ups his bid a little bit, you know, they'll have a real problem saying no. they have a fiduciary responsibility, this stock is not getting back up there for a long time. they have issues. again, negative cash flow ending the year last year. that is not something that generally sells to private equity. if you take private equity out, there's not a lot of bodies that are willing to go there with twitter. a lot of them passed. you need a crazy volatile billionaire looking for a vanity play. there's only one of those. that's elon musk. certainly not warren buffet. back to you, neil. >> neil: the fact that they're a big investor capital firm is looking around or hoping to help out in this process, does that tell you anything that other potential souters are being lined up but we don't know who they are. >> i thought there could be a bidding war. you find one company comes out like elon. others say why not me? maybe we can work it this way. it's a tougher sale than people think. private equity, if you took private equity out, it's not -- you know, there's not a lot of buyers. given the fact that tech can't play and others have passed. so listen, i'm not an investment banker. i'm not sitting in the board at twitter right now. i'm sure they're reaching out. but they know musk is dangerous for them in this sense. he can make this happen. they wouldn't have brought in j.p. morgan on top of goldman as advisers -- >> neil: that was very interesting. >> if they thought elon was going away. maybe he is going away. they're not taking any chances. if he ups to 60, they have to play ball with him. i don't know how they don't. >> neil: that could be the plan b. thanks. elon musk has tweeted out interesting items here saying to his followers, thanks for your support. in response to a question that he raised by the way on twitter when asked, you want elon musk to buy twitter? 73% said yes. 27% said no. all right. advantage musk. we'll have more after this. ♪simply irresistible♪ ♪ ♪ ♪simply irresistible♪ applebee's irresist-a-bowls are back. now starting at $8.99. now that's eatin' good in the neighborhood. better hearing leads to a better life.. and that better life... ...starts at miracle-ear. it all begins with the most innovative technology... ...like the new miracle-earmini™. available exclusively at miracle-ear. so small, no one will see it. but you'll notice the difference. and now, miracle-ear is offering a 30-day risk-free trial. you can experience better hearing with no obligation. call 1-800-miracle right now and experience a better life. 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>> right, neil. great to be here. we have to look as far back as when the governor first made the announcement to conduct enhanced safety inspections at seven key ports of entry along the border. because of that, our dps troopers have down extraordinary work. since that enhancement, our troopers have expected over 6,000 commercial vehicles. as a result, over 19,000 safety violations on the commercial vehicles and because of that over 1,400 commercial vehicles were placed out of service. because of that, because of taking an aggressive stance as the governor announced and even more so, it cost a backlog or so much a backing up of these trucks that were backed up on the bridges. then you had drivers from mexico protesting the enhancement of the safety inspections. going back to taking the aggressive stance. it has brought four governors from the state of mexico with governor abbott to sign a historic agreement that we have never seen before. because of that agreement, now we have these governors from mexico providing more border security on their side of the border. so hopefully we help that helps with the situation with the mass migration. the agreements and the conversations that are needed with the local officials and international partners as well as a result of what is taking place with four governors coming to this agreement with governor abbott. >> neil: if you don't mind, it's a dumb question but you're patient and kind. the buses that go to d.c., what if any of the migrants say i don't want to go to d.c.? i want to stay here? what do you do? >> well, neil, the way this process works, we have to have some type of voluntary compliance from these illegal immigrants. these are immigrants that have been processed. they're released into the united states. they're no longer in federal custody. so they have to voluntary want to go to washington d.c. and be boarded on these buses. all we're doing is facilitating that transport from texas to washington d.c. to alleviate some of the overcrowding and also the mass releasing of the immigrants. because it's put a strain on resources. and it's overwhelming for some local officials and the smaller communities. all we're doing is trying to alleviate that. the best way possible is to provide transportation from texas to washington without making any stops in talks and dropping off any illegal immigrants. >> neil: have you run across any that say no, i've been processed here, i'll stay here? >> no. they have to board this bus and the agreement is not dropping off anywhere else. the transportation is from texas to washington d.c. now some obviously don't want to go to washington d.c. they're trying to get to other parts of the state or the world. but the agreement is you're going to washington d.c. from. there, they have to get their own transportation. that's another step that we're taking here in texas. just because of what governor abbott has done, putting the added pressure on the federal government to take some type of action. that's why we expand our border operation. the extraordinary work our men and women are doing goes to show you what is taking place and what texas is doing. >> you have your work load to put it mildly. thanks for explaining this bussing process going on. there's going to be more buses and more to this process. >> there is. >> neil: meantime, giving you an update on the number of democrats increasing that are concerned about removing title 42. used to be a couple of pictures that we showed you, right? 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(vo) this is the offer you just can't miss! i went to check my credit score and i found a couple of inquiries that i had not initiated. within a few weeks of working with creditrepair.com, my credit score went up about 60 points. get started at creditrepair.com >> neil: we're getting a stunning about-face from the biden administration just announcing a short time ago that will resume oil leases for the energy industry on federal land. the white house announcing the lease sales for oil and gas drilling on such land just moments ago. they said it would sharply reduce the amount of acres and charge higher royalties on oil and gas produced. nevertheless, this represents a major 180 on the part of the white house. they came in trying to reign in activity. after it was dealing at the same house with higher oil prices ever since and prices that got so high that they felt compelled to do something. they went ahead and tapped the strategic petroleum reserve of this country to the tune of a million barrels a day. the members of the international energy agency vowed to do the same so that you could see anywhere up to 180 million barrels of oil ultimately tapped to try to ease the price pressures. be u.s. -- but this is something that the energy industry wanted to see. they're getting what they wanted, but they're toing to pay dearly for that. the interior department said they would make 114,000 acre as available for oil and gas drilling. that still represents as the "wall street journal" points out an 80% reduction from the footprint of land that had been under evaluation for leasing. remember, what thanks this significant, something that the administration had been loathed to do and the progressives didn't want the administration to consider. this is the last piece in place for the administration that has tried everything else to get a control on energy prices that have been crazy out of whack and gotten more so since the ukraine war. so where this goes from here is anyone's guess. a major development with the hill editor, bob cusack. the significance of this. what do you think? >> pretty significant, neil. the shows the white house is concerned about oil prices and blaming vladimir putin is not working. gas prices were going up before the ukraine war. it's interesting that they released this on a friday afternoon, on good friday. the left won't like this. the independents, democrats that are centrists, conservative democrats up for re-election, they will like this. but is it too little too late? we shall see. >> neil: what is interesting, too, they've been pushing a wind fall profits tax on the energy industry. saying that they make a lot of money, which they do. they spend a lot of money. what is interesting about this, going through the finer points, companies will be required to pay royalties close to 19%, 18.75% for the value of what they extract. presently that rate is 12.5%. royalties on oil and gas drilling already generated between 1.5 and 3 billion a year for the u.s. treasury. that means that they will get more money from this. essentially drilling profit tax, if you will. what do you make of that? >> the administration has to do steps like this. just sitting by and hoping that gas prices go down is not going to work. we're in the spring. we haven't hit the summer. usually that's when oil prices spike. the white house would be wise to do more steps along these lines because this is a top issue. inflation is a top issue. groceries more than gas prices as far as inflation polls show. overall, everyone is suffering because of this. that's why i think this white house is saying listen, we want to commit to climate change. but we have to get these oil prices down and they have to take steps to do that before the mid-terms. >> neil: this is a significant development. it gets buried in the weeds here. want to let you know the interior department is making about 144,000 more acres available for oil and gas drilling. they will up the fees and percentages that the federal government can take from them as they tap these fields. but it is a major about-face for the administration that has done pretty much everything but this to try to get prices under control. bob, as you pointed out, prices have eased a little bit for gas over the last week or so. a lot of that is because of what's going on in china, the spike in covid cases, affecting demand and business activity there. i'm wondering how this plays out. the markets are close. the first chance to respond to this will be next monday. but the administration could have it and say, all right, if prices continue going up, we'll see oil destroy, see conservative critics, you said that prices would come down. if they don't, will they start saying see, we told you. >> yeah, they might. this is also an indication, too of the administration failing to pass a massive sweeping tax reform bill. they were going to go after a number of industries including oil and gas and weren't able to pass really much of anything along the lines of taxes, at least not yet. maybe they have a few more months to revive build back better. they have to take administrative tens because democrats in congress with their narrow majorities are not united on a number of issues whether it's energy or immigration. the white house has to be active and i think that's a good move. sitting back and doing nothing, which some democrats think the white house has not been doing that much on a number of domestic issues, it's better to be active than inactive. >> neil: bob, what makes you so good, you had no advance warning on this. we told you during the commercial break of this news development. we were going to talk about title 42 and we will down the road. i couldn't fool you. i couldn't jolt you. i'm going to try again. >> maybe next time. >> neil: thanks, bob. all right. the professor will be joining us on what he makes on what's happening on the energy front, inflation. one 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think in the next year to two years, i think there's a lot of people struggling just with inflation and the cost of living. >> we spent $105. we don't have kids at home and not one bag of meat. salads. >> milk and bread is very expensive. >> everything is going up a dollar which adds up. >> i'm hurting right now. the economy, the gas is sky high. >> neil: i'm still worried about the guy that spent over $100 on salads. welcome back. talking about inflation. average host like you feeling the pinch and the sticker shock of it all. brian brenberg is here with us. he makes this so fascinating and fun. not the higher prices. >> don't set it up like that now. i have to jump over a high bar. >> neil: i'm wondering whether this latest news of the administration opening up a little bit more domestic oil production could have the desired of easing the energy part of that. >> it's a nod in that direction. but look, i'm a skeptic. i'm reading the release on this like you are. they're taking 80% of the land away for these leases so they're really constricting where you can to the leases and jacking up the royalties by 50%. >> that's a tony soprano ring to it. drill all you want but not on this land. so you look at this and you say, are they really trying or are they trying to, again, look like they're doing something and then if oil prices don't fall and this is the point you made, they say ah-hah, we opened up lease. so read the fine print here, folks. it's not like they're throwing this wide open. >> neil: let's talk about the effect of inflation at the pump and elsewhere. i was startled to see the number of people already on fixed incomes that say we need to work or the newly retired that are seeing their savings evaporate. it's more widespread than we thought. how bad does it get? >> it gets pretty bad. what you tell people for retirement, plan ahead. you think about how much income you'll need and make assumptions about the inflation rate. that gives you the number to w. back from and save for your whole life. the problem people are running into now is they did that math, they saved that money and it turns out one of the big assumptions was way off the cost of living. so they're sitting here especially new retirees that are living on that fixed budget for the first time and saying i'm going over budget month after month after month. what do i do? can i afford to retire? do i need to go back into the labor market? >> neil: a lot of people, i have seen this before and you echoed this, i like to plan for the worst case scenario. in the case of those that retire, if you suddenly retire and at that moment a bear market starts, what are you doing to prepare for that or most people kind of assume what they have is what they'll have when they leave the work force and it's not worked out that way. for most people, you know, coming out of last year, you're down about 20% on your money. >> yeah, you have to plan for the worst case scenario. but when you get it, doesn't mean things will work out well. there was nobody talking about 8.5% inflation. we had given up on that. the best i economists in the world, the top experts, the ones the presidents is listening to now say there's no way we're going to get inflation at these levels. but we have it. you can ask people to plan for tough situations and you can't ask for them to plan for a slow-rolling disaster. when you get inflation at this level and it's not abating, it's a disaster. people can't solve this problem on their own. government creates it, government has to get on top of it. >> neil: you're right. i do remember about you. more than a year ago when there was this debate, it's going to be short lived and transitory. you said no. >> i didn't. i was nervous about it. i was nervous about all of that $2 trillion in spending. it was on top of a lot of other spending. i'm not just saying it was biden. the extra $2 trillion was a big deal. there were a few voices back there, guys like larry summers that i don't often agree with -- >> neil: former clinton secretary. >> he called it. he said it was going to happen. he's right. now he's talking about recession. very likely within two years. i think he's still on it. he understands necessary basic relationships. you can't wish them away, you can't talk them away. you need adult leadership when it comes to inflation, things like growth. >> neil: good seeing you. thanks, brian. all right. we have a lot more on this significant development out of the white house. not drill, baby, drill, but drill a little bit, baby. drill a little bit. give us a little bit more while you're at it after this. my a1c stayed here, it needed to be here. ruby's a1c is down with rybelsus®. my a1c wasn't at goal, now i'm down with rybelsus®. mom's a1c is down with rybelsus®. 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[upbeat music playing] ♪♪ welcome to home sweet weathertech home. a place where dirt stays outside. and floors are protected. where standing is comfortable. and water never leaves a mark. it's spotless under the sink. and kids can be kids. order your american made products at weathertech.com. ♪ ♪ >> neil: so, did joe biden just blank when it comes to bill dray drill baby drill? he has allowed a little bit more oil production on federal lands purity peter doocy at the white house on how big this might be, peter. >> it is not just the president said he wasn't going to do this. when he was a candidate he said it was going to ban oil leases on federal land forever into the future appear in any talks a lot about green future, but he knows we can't get there overnight. this is a signal that they are really sensitive to rising gas prices because we are told they are going to take 144,000 acres of land federal land for new leases and this is a big departure because within the last couple of weeks, the biden administration including the president himself has been out saying this is not something that we have control over. the oil companies already have enough of their own leases on private land. if they want to start drilling more, than they should do that. we will not hold him back. but now they are making more available because this is a policy shift sure to upset some environmentalists, neil. >> geraldo: >> neil: they announced on a good friday. and that is not where you put good news. and let me clarify, news that you want highlighted if you are the administration. >> neil: right but news that may be will turn things in the market because of course, oil is treated like a commodity in the market. but you would think they are also tempted to say if oil prices don't budge on this, see you, critics of ours, we did exactly what you wanted and nothing. >> but is entirely possible but we also know a lot of those critics have been saving measures like this one by the biden administration are not long-term fixes to bring down the cost of oil. so what is more gas at the pump. it is something that might not be a lot to satisfy the critics. >> neil: also, peter it is not but higher taxes due the government which is added benefits here. how do you explain that? >> so commit was, there was a 12.5% premium to drill on federal land. now, it will be up to 18.75% on whatever basically the value of whatever they are pulling out of the ground. and again, this is something that this administration, it sounded like they were never going to do with it the president, in fact, his most recent remarks about this, he was saying there would be a use it or lose it strategy or use it or lose it policy for a lot of these private oil companies and drillers where they already have the lease, use it or else we will start taxing you more on it. but obviously in a week or two since the president said that didn't see enough people starting to break ground on some of these leases that they had. so now we have this new policy where they are making another 144,000 acres available. that is 80% less and what there is. >> neil: that's right. speak with the smaller reduced amount is still 144,000 acres, . >> neil: but it is something, as you said. peter, thank you very, very much. no trying to look at this on good friday with the markets are closed and do this in secret, but this is a very big event at a very big about-face. something we will follow closely tomorrow 10:00 a.m. eastern time. we will have reaction from the major oil companies and ceos in the impact on the market in our economy. and whether this will do the magic or the trick at the pump. you will see it anytime soon. remember, oil trades in the open market much like stocks so a lot depends how those folks react to this. let's hope some of those folks as well and we will model. "the five" now. ♪ ♪ >> judge jeanine: hello, everyone i'm judge jean pyro and jessica tarlov, kennedy, and tyrus. it is 5:00 in new york city and this is "the five." president biden facing moore fischbeck as the record-breaking church at the border is about to get worse. border patrol will be powerless to stop a new migrant caravan snaking its way to the u.s.

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