tv Varney Company FOX Business April 3, 2024 9:00am-10:00am EDT
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the delivery driver, he was wanted on felony charges in texas and florida, but the officers made sure to complete the delivery. how do you like that? [laughter] >> those officers are are great. they are definitely going above and beyond their duty, but it does raise questions about some of the delivery people who are coming to our doorstep whether it's uber eats, any of these. i don't want to a call out a specific company, but really you have to be careful now with people delivering your food. maria: that's true. he was wanted for charges elsewhere. 40 knows what could have happened. >> serious charges. >> thank god for law enforcement. again i back the blue. these are the reasons why the good guy, you've pot to continue to show this, maria are. maria: back the blue. >> it's the also a reason to move to florida. [laughter] they support their police officers, and police officers lock out for us. maria: and people are doing just that. adam, great to have you this morning. thank you so much. great show. have a great day, everybody. "varney & company" begins now. stu, take it away. stuart: good morning, maria, and good morning, everyone.
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new polls released by "the wall street journal" show biden's challenger leading in six of seven battleground states. yeah, he leads in pennsylvania, michigan, arizona, georgia, nevada, north carolina. he is tied with biden in wisconsin. and the results are in from tuesday's primaries. biden and trump won with, but both had some opposition e is. in wisconsin -- got 8 of the votes. in connecticut, uncommitted got 11%. these voters object to biden's support for israel. trump is using his time away from court to blast the president at rallies in wisconsin and michigan last night to thunderous applause. he called for a day of christian visibility. that's a play on biden's easter proclamation of a day of transgender visibility. trump had energy, didn't appear to use a teleprompter. the president speaks today on his efforts to account drug prices -- to cut drug prices. he will use a teleprompter and answer no questions.
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let's get to the markets. two days of heavy selling to start the quartering not that much quites movement -- price movement so far today, but i see some red inning. 56 points lower for the nasdaq. interest rates, not that much change. the 0-year's coming in at 4.40. that's important -- 4.40. the 2-year yielding 4.773 right now. -- 4.73. not good. bitcoin has dropped to 655,9. oil -- 65,9. ing oil moving to $85.90. little change for gas, $3.554 for regular, that that's up 911 cent. diesel, no change -- up 1 cent. on the show today, toolbox generation, that is youngsters going for apprenticeships in blue collar jobs. why in high cost of college. and the story of violent new york squatters. they were illegal migrants arrested on gun and drug charms.
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incredibly, they were released without bail. they leave behind a trashed apartment, a furious with neighborhood and a 7-year-old little girl. this is biden's america. it is wednesday, april 3rd, 2024. "varney & company" if is about to begin. ♪ ♪ but now i'm stronger than yesterday. ♪ now it's the nothing but -- stuart: i have no comment on the music today finish. >> it's britney, stu. stuart: i know britney spears. [laughter] i have no comment on that. everybody everybody's laughing at me. i'm going to comment on the rain. it's been running all day yesterday, it's going to rain all day today, it's miserable in new york city. we've got a new "wall street journal" poll showing trump leading in six key swing states. good morning, lauren.
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lauren: good morning being. up 6 points in north carolina, 5 points in arizona a, 4 in nevada. when we pull the numbers. , it's much closer in pennsylvania and in michigan where he leads by just 3, and it's 1 point ahead in georgia. take a looked at wisconsin. head to head matchup, dead heat. 46-46. wisconsin held its primary if yesterday. todd's going to get into it. but remember, joe biden's only won wisconsin by about 20,000 votes four years a. stuart: that's important. lauer lauren it's going to be razor thin election. stuart: and speak of wisconsin, that is a big problem for biden. primary yesterday, the uncommitted campaign hit their goal and then some. you've got to take us through that that one. >> she stole my key line, but met he do the setup, simonetti. the latest totals out of wisconsin show the uninstructed movement beating its own expect takes. they wanted 20,000, they got, stu, more than 47,000, and to lauren's point, remember, biden only won wisconsin by 20,000
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votes in the 2020 general. as a you mentioned at the top, both trump and biden easily winning the badger state as well as connecticut, new york and rhode island in questioned's primaries. but if this -- in yesterday's primaries. we understand this is the primary, we understand a lot of the uncommitted or in this case uninstructed are trying to prove a point. but if they try to prove that point on november 5th, biden will lose these states. stuart: thank you, todd. mollie hemingway joins us now. this seems to be aal problem for biden's re-election chances. if he doesn't win wisconsin, he doesn't win the white house, does he? >> there were two really other important things, these ballot meshtives to ban the private take over of election government offs. that was what democrats did in 2020 in swing states. they took over the election offices in the blue areas of swing states in order to run get out the vote operations using private money. yesterday wisconsin voters voted to ban either staff thing or
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spending money on these government election offices. and that was a huge win for poem who care about election integrity and making sure to bak bucks because mark zuckerberg supported them in 20 to -- 2020. stuart: more than half of voters feel they are worse off financially than they were four years ago. that's not good for biden. it reminds me of the classic question that that ronald reagan asked jimmy carter, and then reagan went on to win bigall time, are you better off now than you were four year wheres ago. the answer was no. you get the same answer to today, tonight you? >> yes, and it's particularly bad, because bind is benefiting from coming out of to to covid shutdowns. the economy shouldn't be doing just okay, it should be doing incredibly well because of that artificial if stifling we all endured back during the pandemic. but instead we're still the experiencing these horrible prices, the mortgage rates, the
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difficulty in i buying homes. it's a really big problem, and and people care about this issue more than they care about probably any other issue. it's just their bottom line, what's happening -- stuart: he's going to speak today, the the president, on health drug costs, trying to get them down. i suspect, i'm not sure, but i suspect that's not high on the list of voters ors' preferences and demands. am i right in. >> well, it might be, it might be higher than you think, but the problem is again that president biden seems to be using some gimmicks in order to deal with these fundamental problems in the economy instead of dealing with the underlying issue. so i think he's hoping he can do enough of these things ahead of the election that it will trick people into thinking the economy is better than it is. but it's been difficult for a lot of americans. stuart: i want to see how he looks today in comparison to trump last night, the energy level. you know what i mean? mollie hemingway, thanks for joining us. plenty of energy right there. thanks very much. we have another fox poll. this one's about taxes. lauren, how do people feel about taxes? lauren: you have to remember that half of americans don't pay
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federal income tack. and 6% -- tax, and 64% say their taxes are just too high. and you can see that's up 9 percentage points from 2019. i'm actually surprised more people don't complain because, news flash, the biden proposed budget has taxes going up by $55 trillion over a decade. again, it's just proposed. but it would be tacking individuals making more than $400,000 and corporation corporations. again, the top 10% of americans pay three-quarters of all a income taxes. stuart: trea, they do. -- yeah, they do. lauren: i'd complain. toothout and they cant them to pay more. -- they want them to pay more. thanks, lauren. check ethos futures, please. i see a little bit of red uncle, not that much. shah shah ghailani with me many this were nothing. -- this morning. you're bearish on tesla. how far down do you think -- 164 now, how far down do you think
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they're going to go? >> i think it has to hold 158, stuart. if not, i'm not sure how low it can go. we have a bearish position on tesla. i've been negative on tesla for for some time. the first mover advantage is long gone, and as far as the rest of the market catch up, that's easy the say. but when you've got a chinese company selling ev iss at less than $10,000 globally, that's impacting tesla. they cut prices three times last year because they weren't selling. rental car companies are pushing back on their tesla sales, they're canceling them. the second dare market for teslas, you know just collapsing. plus elon miss elon musk who's distracted whether with x or now getting involved in the disney fight, it's hard when your ceo is not on the ball with. as far as tesla goes, i think they're probably heading lower. stuart: you recently bought some big tech names. do you want to tell us who you bought? >> we added to our microsoft position. we own that,s we've owned it for a while, and we added to it on a
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slight dip. microsoft, to me, is going to hit it out of the park forever especially when it comes to a.i. it is, to me, the a.i. narrative story along with nvidia. we bought more google on a small tip there, certainly happy to catch that little dip there, and we bought amazon which hadn't had much of a dip, but again, i think it's going to be, along with google, going to be winners in the a.i. marathon. stuart: the market is going to look the same in the near future as a it has for the past few years. that is, led by big tech going up. that's the way you see it? >> yeah, because that's where the earnings are, stuart. for investors who are worried about, well, such a tight concentration in just a handful of names that do well,ing those names are the ones that have earnings power. they have addressable markets that are beyond gigantic. they're global to a degree that there's nobody going to come up and catch, say, an amazon anytime soon or a google or certainly microsoft. so those companies are going to continue to, you know, lead in
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their respective area, and they're going to continue to grow earnings, continue to grow cash, throw off more cash, and they're going to invest back in themselves. that's where the money is. investors willing to pay up for those names, and so saluation wise they may look a little more ex3e7bsive -- valuation -- but they're worth it. stuart: music to investors' ears. shah ghailani, thank you very much, sir. trump taunted biden at his wisconsin rah rally last night. he's calling for a debate with. roll tape. >> you can see we have an empty podium right here to my right, do you know what that is? that's for joe biden. i'm trying to get him to debate. [laughter] i'm calling on crooked joe to debate anytime, any place. we'll do it anywhere you want, joe, so that we can discuss in a friend wily manner the real problems of our country. let's debate outside,s joe. let's go can request have a good, or solid is, friendly debate, just a friendly -- where our country's going. stuart: got to admit, the man's
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entertaining. todd piro's with me. i don't think biden will debate. what say vow in. >> keep in mind we have a bet on , i said $5 he won't debate, you said you'd take those odds. i'm willing to raise that to $1- stuart: that he will in. >> no. biden will not debate trump. $10 -- stuart: i agree with you. >> we need somebody to take -- lauren: i'll take the it. >> joe biden can or barely talk in a room alone. he's not getting better with anal. stuart: but if he doesn't debate, how will that look in the election? he won't debate his political opponent? >> you think the democrats really care about that? do you really think that the democrat voter is in there, well, joe biden didn't debate trump, i can't vote for him. rawr lauren that's true. >> they would vote, and they said this because today don't necessarily view they're voting for the president, they're voting for an administration. they want the entire infrastructure in addition to joe biden. stuart: you make a strong case, and by happen to agree with you.
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the bet knot -- notwithstanding. >> next time it'll be $20. stuart: donald trump promises to begin deporting migrants on day one when he's elected. roll it. >> we'll begin the largest domestic deportation operation in the history of our country on day one. stuart: trump also a said what he would do to other countries if they refuse to take migrants back. [laughter] he said -- i have to it's supposed to be a tease. he said they're coming anyway. don't you love it? both democrats and republicans want the biden administration to take the more action against china's beau tech firms. they say china's using these firms to strengthen their military. congressman carlos gimenez is fired up about this and he's next. ♪
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(fisher investments) in this market, you'll find fisher investments is different than other money managers. (other money manager) different how? aren't we all just looking for the hottest stocks? (fisher investments) nope. we use diversified strategies to position our clients' portfolios for their long-term goals. (other money manager) but you still sell investments that generate high commissions for you, right? (fisher investments) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money, only when your clients make more money? (fisher investments) yep. we do better when our clients do better. at fisher investments, we're clearly different.
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♪ stuart: president biden spoke with china's xi jinping rain reiterated his concerns about tiktok. however, tiktok's not the only chinese-owned app that's under scrutiny. hillary vaughn joins us from the white house. hillary, what other apps should we be concerned about? >> reporter: bytedance has another app, it's called lemon8, kind of an instagram copycat, and it could be with byte danes' backup plan -- bytedance's backup plan if tick texas were the get banned as a washington weighs what to do with it. president biden did bring up the app to president xi when they chatted on the phone yesterday. >> tiktok did come up and is was
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raised on the call with president xi. i think's important. there is a real threat opposed by certain technology services, and so operating in the united states put at risk americans' personal information and broader national security. he's been very clear about that including the manipulation. >> reporter: i be tiktok is just the tip of the iceberg. chinese hardware is infiltrating corporate networks here in america. the number of chinese internet-connected devices here in the u.s. has surged in the past year, about 300,000 devices from chinese manufacturers are on u.s. networks. that's a 41% jump over the last year. the fear is that the chinese government could coerce these manufacturers to snoop and spy if on american businesses and users on these systems, but china is brushing off these concerns and warning the u.s. to not get in their way. the chinese government spokesperson reacting to the biden call saying this, quote: if it -- meaning the u.s -- is adamant on containing china's
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high-tech development and depriving china of its legitimate right to development, china is not going to sit back and watch. so that's an ominous warning after president biden warned president xi on the phone call yesterday that they are going to limit the transfer of advanced u.s. technology to china, and president xi complained that the list of sanctioned chinese companies is only getting longer, not shorter. stuart? stuart: hillary vaughn at the white houseing thank you. joining me now is florida congressman carlos gimenez. you're on the china select committee, and you want biden to call out i think seven chinese biotech firms. what's the problem, and what do you want to do with them? >> well, i want them to be under greater scrutiny. the problem is that they were somehow involved in the covid-19 issue. and so because of covid-19 kind of, you know, opened our ideas to what china could -- our eyes to what china could do to us, so
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is these are biotech firms that are based in china and are controlled by the ccp. so, yeah, they need to be under greater scrutiny, any of their products need to be under greater scrutiny if they come to the united states. stuart: what about chinese-linked companies like shein and temu? they may go public in america and they've been very successful here. do you take issue with those two companies? >> i think, again, they need to demonstrate that they are not tied to the chinese communist party, that they're not chinese companies. look, we need to start the decoupling away from china. i mean, it may be painful, but we knead to do it just like we have -- we need to do it. just like we have emission standards that are going up and and occupy -- and up, we need to start decoupling ourselves from the chinese communist party. every single company that is doing business or is a chinese company, you know, has to answer to the chinese communist party. and that is a threat to the united states. we know that china is the
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greatest existential threat to the united states and our security. stuart: so any and all coupling with a chinese company, you reject it, period. >> oh, yeah, i do. and i think we need to start, again, maybe putting some standards on how, you know with, companies start to decouple. i know we can't do it right away, but we need to start doing it. look, every single dollar that we send over to china is going to be used against america and american interests. so let's stop, you know, funding the instrument of our own doom. we need to get serious about it. and and, you know, for china says, you know, that a we're somehow stifle thing their development. they can develop away all they want, we just don't have to buy it and, frankly, we month be buying their stuff here in the united states because all of it is, again, like i said, all these companies are at the whim and have the answer to the can chinese communist party. stuart: i'm going to change the summit for a moment. the biden campaign is looking to use the abortion issue to flip
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florida, your state, blue. congressman, will abortion make florida into a swing state? >> with no. abortion -- look, the supreme court has already said e it's a state issue, ask and it's a political issue. and so the citizens of the state of florida will determine, you know, what, if any, abortion rights there will be in the state of florida. i support that. i a am pro-life, and i know the way i'm going to be voting. but in the end, the people of florida will speak. and i don't believe it's going to be that much of an issue. the issue that's going to really carry the day e is the border, inflation, our standing around a the world and the biden administration and the democrats are wrong on all three issues. stuart: congressman carlos gimenez from florida, thanks very much for joining us. always a pleasure. >> it's my pleasure. stuart: todd's still with us. is abortion going to the flip florida blue? >> absolutely not. unless all 320,000 of those my grants are forced to vote democrattingic, you know, the ones flow into florida, no
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chance in h-e-l-l. stuart: check futures, please, i see some red ink especially on the nasdaq again, down nearly are 80 points. we'll take you to wall street next. ♪ jump for my love ♪ jump in and feel my touch. ♪ jump if you want with to taste my kisses in the night then -- ♪ jump for my love. ♪ if. ♪
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call or go online to request your free quote today. stuart: three minutes to the open of trading on wall street. dow off 50, nasdaq down 93 points. mike lee is with us. look, we had a huge first quarter rally, mike. do you expect a big pullback? >> not really, stuart. i think if we have some breathing room right here, that's perfectly natural a, perfect ifly normal. but whatever you -- whenever you see this type of buying, that's normally, it e normally means you're going to see a lot more buying. so unless there's some or sort of exogenous event, i preponderate this rally to continue through the rest of the year. stuart: you're bullish on tesla when everybody else is kind of bearish on it. i think it's at 164. you think it's going to -- make your case. why are you bullish on tesla? >> well, stuart, first, every it's had a selloff or a hiccup
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or some bad news surrounding it, if you buy it on the dip, you were handsomely rewarded. there was a lot of hype over the last few years around electronic vehicles, and i think the problem tesla has is it pulled a little bit of their demand forward, so they're sitting with a little bit of excess inventory right now. deliveries were down fairly substantially. that should normalize out, and 2026 they're coming out with a much lower priced model 3. this company will transcend this ev fad, ev craze because their cars are great cars. they're awesome to drive, or they're cool. it's very, very different than, say, a chevy volt. stuart: what's your price tart on tesla and when? -- target on tesla and when? >> i think you've probably got to give this stock 18-36 months to hit new highs which would be north of $300. stuart: ooh. overall, are you still what we
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call a superbull? >> for the time being, yes. and i'll tell you why. the economy is not getting worse, right? we don't have a lot of great news, but the ism just slipped into expansion. i don't see us falling off a cliff. we might not get six rate hikes -- sorry, six rate cuts, three rate cuts or even any this or year, but this is a 99.9% probability the next move from the fed is going to be a rate cut. not a rate hike. so when you reach the end of these cycles, the economy starts to turn. typically, stocks take off well in advance of it, and i think that's what we're seeing now, and i don't think we're stopping anytime soon on the heels of the a.i. boom. stuart: a couple of -- about the strong economy, a couple of numbers out there morning, private sector hiring was up strong lille and annual wages up 5.1%. fairly strong economy. mike lee, thank you very much, indeed. see you again soon. it is now 9:30 eastern time. press the with theton, the market is open, and we've opened on the downside for the dow.
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you're off just a few points, 39,166. and so far it's a fairly even split, winners and losers, on-- the big board. the s&p 500 alsoal opening with a very small gain at the moment. you're -- sorry, small loss. down all of 7 points. that's all you've got. and it's .15% down. virtually no movement there. as for the nasdaq, pretty much the same story. it is down -- well, okay, or down .43%. nasdaq and big tech taking it on the chin again this morning. show me big tech. there to you go. there's only one winner, and that's meta at $500 a share. apple down to 168, well below 170. amazon, 1180. microsoft, 419 -- 180. intel, show me, please. they're down big this morning, down another 5.6. they reported a huge loss this in their chip manufacturing business with. what tease -- what's that the all about? lauren: this is the foundries unit, and it's the first time that they've publicly broken out
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the financials. it's the heart of the turn-around for intel, and the numbers were not good. a $7 billion operating loss on sales of $18.9 billion with the bottom line being it's losing more and bringing in less than intel had forecast. however, stock's down -- it's actually taking a hit, so this isn't helping. the she owe, get singer, says this is the year -- gelsinger, this is our turn-around a year. iewr stoort they're desperate to catch up with the asian chipmakers who are way out in front of them. let's have a look at tesla again, we've been discussing it all morning. they're at 165 this morning. lauren: i have a few things to add a here. there's a report in the financial times that tesla is sending a team to india this month. they want to scout locations to build their $2-3 billion car plant in india. that would be for the model 2, right? the cheaper tesla. the stock the fell 5% yesterday. as a you can see, it's down a little bit right now. deutsche bank cutting their
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price target to 1189, so -- 189, so still nicely above where they're trading now. if you look at the inventory, they did so many price curts, and they're still sitting on an inventory that is the at a 2019 high. they've got a lot of cars for buyers who don't seem to want with evs in general. stuart: therein lies the problem. taiwan with semiconductor, they were forced to evacuate briefly after an earthquake. is that going to slow e production? lauren: it could briefly. they were very well prepared for this, or but think about this part of the world. taiwan is the silicon valley of asia, right in taiwan semi particularly supplies apple, nvidiainging all the big names. so the uncertainty because of that earthquake is rippling here to the u.s. amd is down, you can see all the names here. i want to point out micron, today say they've evaluated the
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impact on their operations and their supply chains, they're currently doing that, all of their team members are9ed for. -- accounted for. stuart: dave and buster's, they're up%. lauren: i love their ticker, play. because you go there to play games. if you look at their revenue and ajusted profit, they were below the street's expectations, but the margin growth was strong. of investors loved a $100 million share buyback and that dave and buster 's is opening 19 new stores, so there's confidence they can expand. stuart: disney. the battle between activist investor peltz and the ceo, bob ooh iger. i don't think we've not a final verdict yet, but we have got some indications that iger's won. lauren: correct. and that meeting kicks off at 3:00 eastern this afternoon. -- 1:00 eastern. pements was trying to get two seats on the disney board. this pat withing was multiple millions of dollars, and you had big names taking sides.
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elon musk, bill ackman, they want -- they back melson pelt. backing iger was a lot of people. the latest is jim amy dimon, george -- jamie dimon, george lucas, right? disney lost its way under the former ceo, bob chapek. it got very woke, programming went down, so bob iring was brought back in in -- iger was brought back in. disney is the top performing dow stock, it's up 36% this year. it's up a little bit today at 123 on the, a few hours before the shareholder vote. stuart: so he won, that's what pelts wanted, get the stock price up. lauren: yes, so in a a way he did win without get the seats. stuart: alibaba and various other companies. lauren: yeah. it's actually their second biggest buyback ever, $4.8 billion in shares for the march quarter. stuart: why are hay down? lawyer lawyer yeah. i'm not sure exactly. maybe the earthquake spooking the region.
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actually, alibaba's down 77% from its covid high. you have the regulatory crackdown by china on technology, you have foreign investors afraid to put their money in china because they don't like how it's treated, so that's why heir down. stuart: alibaba's way down from where it was -- lauren: and even a juicy buyback, their second biggest ever, can't turn that arrow around. stuart: got it. lauren, thanks very much, indeed. we're in business for five and a half minutes, the dow is down 35 points. look at dow winners, please, there are some. i'm reading them for you. we've got dow inc., 3m, merck, caterpillar, goldman zack. the s&p 500, who are the winners there? i'll realize that. general aerospace, or nrg energy, resmed if inc., booking holdings and ups. of course, i know that one. nasdaq winners, booking holding, intuitive surgical, dexcom and meta platforms. the only really big name is meta
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platforms up to 501. the 10-year treasury yield, way above 4.25%, that's where it was a couple of weeks ago. now at 4.411 and rising. gold, new high. new record high. $2,294 per ounce, up $12 today. bitcoin, $65,000 and change. oil, $85, $86 a barrel. 85.60. nat gas, till way under $2, 1.89. the average price for a gallon of regular up just 1 cent at $3.54. diesel, no change, $4. 02. that's where you are. coming up, the contrast in campaign style and content, energy and relevance to everybody's lives, that's why trump leads biden in six key9 battle ground states. biden may keep his opponent in court, that's his strategy, but it doesn't cancel out trump's political smarts or his understanding of voters' everyday concerns. that's my take, top of the next hour. gen-z becoming the tool belt generation. why are so many youngsters becoming plumbers and
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electricians? if mike rowe deals with the shift away from college. the white house was asked to explain why they think it's fine that biden used the term bloodbath in 2020 but when trump says it, t violent relate ache -- it's violent rhetoric. roll it. >> reporter: when donald trump is talking about a bloodbath, it is violent rhetoric. what was it when joe biden said in 2020, "what what we can't let happen is let this primary become a negative if bloodbath"? >> no, no, no, you got to ask me the question in context. stuart: okay. karl rove has a lot to say about biden and trump's language. he's on the show next. ♪ ♪
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president biden's border policies during a campaign rally in michigan yesterday. he called it a border bloodbath. all right. mark meredith joins me from the white house. has the administration bond responded to that word with, bloodbath, mark? >> reporter: yes. both the dnc as well as the white house is responded to the former president's comments yesterday. trump basically climbing -- claiming that rising crime is in relation to the border policies coming off the biden administration. both the trump campaign9 and the rnc very eager the make immigration a top issue. the rnc has launched a web site to show how the the issue impacts people coast to coast, and trump himself says the blame lies squarely with his successor. >> under crooked joe biden, every state is now a border state, every town is now a border town because with joe biden has brought the carnage, chaos and killing from all over the world and dumped it straight into our backyards. >> reporter: a majority of americans disapprove of the president's handling on immigration, but the white house says the real blame should rest
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with trump who urged republicans to block a bipartisan border or security package. >> to folks that are concerned about a border security -- [laughter] the president would be the first one to stand up here and say, he agrees, the border does need some security capabilities. we do need more border patrol agents. and all that that has to happen is for the speaker to do the his job, put that supplemental on the floor. let's get a vote, let's get those 1300 additional border patrol agents down there to do their jobs. >> reporter: now, as the trump campaign focuses on the border, of course, something that we saw in 2020 and 2016 so heavily, we've also seen the biden-harris campaign focus on their big issue which is going to be access to abortion. the biden campaign putting out new ads in battleground states, and trump says he's going to talk about it next week, it's going to come up next week. stuart: mark, thank you very much, indeed. we've got a new "wall street journal" poll, and it shows trump leading biden in six key
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swing states. karl rove joins me now. what's behind trump's lead in these states, karl? if. >> well, first of all, let's put it in context here. you're right, he's leading in six of the seven battleground states, the statements that everybody pretty much agrees are going to be where the election's settled. he's up by 6 points in north carolina which he carried last time around. of he's up by, by 5 points in arizona and 4 points in north dakota. the rest of the state -- in nevada. the rest of the states he is either within the margin of error, that is to say less than 4 points differentiate him and joe biden, and tied in wisconsin. the challenge for joe biden is, is he's behind. the challenge for donald trump is he's not ahead by enough to seal the election. if you take a look at it, he won north carolina last time around, lost the rest of these states. if he wins north carolina at 232 which is what he had last time around a, if he picks up arizona where he's ahead by 5, 243.
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nevada, or he's up by 4, 2499. but he -- 249. but he must win michigan to get to 264. and then to pop over the 270 mark if, he needs to either win pennsylvania or georgia which today he's ahead by 3 in pennsylvania and by 1 in georgia. so long way to go. and he's not above 50% in any one of those states, and he's only outside the margin of error in 3 of the 7. stuart: okay. karl, the uninstructed voter, it's called, in wu's democrat -- in wisconsin's primary got nearly 47,000 votes, more than double what biden beat trump by in 2020. >> that's right. stuart: will that kind of problem remain for biden in the general? if. >> i think it will. and granted, let's be equal in time here. there are at last count 72,000 people in the republican if primary who voted for nikki haley who got out of the racen on march 6th.
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so this was decided last time around by just over 20,000 votes. both candidates have a problem in this state. that's the issue we call on "the wall street journal" poll where they're tied at 46-46. each party, each candidate has a difficulty with people who ought to be for them. college-educated suburban identities in the case of donald trump, and black, hispanic and young voters whose enthusiasm has dropped for joe biden. stuart: at yesterday's rallies trump used the expression "bloodbath" roverring to border chaos --ing to border chaos. do you think the use of that word is justified? i think you sometimes have problems with turn's language. >> yeah. look, i wouldn't use it, but i don't think it's inappropriate. as the white house has said, we have had too many heart-wrenching incidents of violence committed by illegals inside the united states. and i live in texas. i see what this is doing to our border communities. i -- whats it is doing to our state. more people arrive in about
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every 10 days in eagle pass and del rio than have been sent to chicago in the last 18 months. and we've heard all that screaming from chicago about how a city of 2.5 million people, metro metropolitan area of 5 million people is having difficulty coping with the number of people arriving in'king toking pass and tell are rio, combined population 70,000, every 10 days. so this is a problem. and the administration is rightly being held by the more than people responsible for failing to address it. now, having said that, john kirby whom you just ran some footage of was on the right path, but the administration can't even get that done. if he were to sit there and enumerate all of the things that were in the bill that donald trump opposed, it would start to crypt a problem for him, 1300 -- thousands of new additional border patrol agents, etc., etc., etc. but instead they gloss over it and expect us all to understand what was in the bill, and we don't. stuart: and we don't. karl rove, thanks very much, indeed. love that whiteboard.
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come back soon. >> yes, sir. stuart: the biden team says, uh-oh, they're taking a different route with their campaign strategy. what are they doing? if. >> facing sagging poll numbers, stu, with black americans, biden has granted at least ten interviews with media outlets reaching the back community this year, most of them with local radio e stations during drive time. he's also participating in two interviews with hispanic radio outlets and is scheduled to have a sit-down with univision this week with. again, the focus on specific groups. don't do the national. to that point, when he was in new york last week, typically you do cbs, abc, nbc, national news shows. well, he sat down with a congresswomanty -- comedy podcast. this all leading to this post on x from white house reporter for politico, number of times jason bateman has done a sit-down interview i with president biden, two. nearly every print reporter who covers the white house, zero. i have no problem with jason bateman. he's an amazing actor, but ozark
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is not our country right now, and to do that is a bold strategy. roett see if it pull -- let's see if it pays auto. -- off. lauren: remember the "wall street journal" poll we've been talking about? it seems that joe biden has 68% of black support. that number is usually 90 plus percent. 48% for hispanics. that's it. >> he's floundering. lar lauren they're bad. stuart: he won't win if he as hose numbers. can't do it. coming up, folks, transportation secretary pete buttigieg belittled people who don't want to be forced into electric vehicles. roll it. enter let's be clear that the automotive sector is moving toward evs, and we can't prevented tend -- pretend otherwise. i feel like i'm talking to some people who think we can just have land line phones forever. stuart: oh, dear. why can't the market decide? why do we have to be forced into a product that many of us don't want? we've got a report. gas prices are up 20 cents
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from a month if ago and aaa thinks prices are going to keep going up. jeff flock breaks it all down next. ♪ ♪ pump it, loud orer, pump it, louder! ♪ if -- turn up the radio, blast your stereo ♪ ( ♪ ) i got injured, um, my back got injured very bad. i was off work for about a year. did physical therapy, did... you name it i did it.
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stuart: the price of oil this morning, $855.79 per barrel -- 85.799. jeff flock with us now. ark a aa thinks gas is going higher. the price of gas is going can higher. do you think we're going to see $4 gas? >> reporter: well, i'll tell ya, you look at that sign back there -- by the way, it's a beautiful day in philadelphia. i wish you were here to enjoy it with me. $5.99 for the nancy gas here in philadelphia -- fancy gas. i know you're talking about the national average, $3.54 as of today, up i just a penny in the last week, but it has been steady thely climbing. and many states were already well e over $4 gas. california, over $5 right now, $5.15. oregon, nevada up over $4 as well as alaska and hawaii. the usual with suspects there. and -- [laughter] we talked to andy lipow. the oil analyst said it's going
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to con to rise. it may not hit 4, but it's going to be a problem. listen to why he thinks that is. >> this is all becoming a big headache for the biden administration. finish gasoline prices have risen 20 cents a gallon over the last month, and in california they're up 35 cents a gallon over the last month. >> reporter: and, stuart, as you know, this is all underpinned by the poise process of oil. today -- underpinned by the price of oil. today the comes news at the biden administration, which was planning to refill the strategic petroleum reserve which it had drain canned to try and bring prices down earlier, but they say the price is too high now, so they're not going to do it. as you report, we're up to almost $86 a barrel. they wanted to buy at $779. 9 they're -- 79. they're not going to buy now. so at a time of kind of, you know, geopolitical risk, you've got is p if r -- spr down --
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whoa, that guy's on a motorcycle and almost ran me over. stuart: higher gas prices are a political problem for any administration. i think it's going to hurt biden this or year. jeff flocking thanks a lot. todd, thanks very much for joining us. always appreciate it. still ahead, border guy chris cabrera rah, mike rowe, pete hegseth, james patterson. the 10:00 hour of "varney" is next. ..
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