♪ stuart: not sure of the song, " what a man" but you're looking out from new york city on a very nice day here, it's going to be mid 70s, nice sunshine. look, it's monday. hardly anybody is on the street how about that? good morning, everyone. 10:00 eastern. let's get to the money pretty much straightaway. the nasdaq by the way has just hit another all-time high, it's up 116 points, 16, 800 right there. the 10-year treasury yield, where is that? it's 4.43% this morning, the price of oil despite all

that's going on in iran and the mid east no change at $80 per barrel earlier it actually come down a few cents. we have bitcoin at 67, 100. that's markets on a monday morning and now this. the president made two speeches to black audiences over the weekend. he had the chance to be uplift ing, inspiring, and he went the other way. he was divisive, he offered no hint of optimism, just fear of republicans, anger at donald trump. first, listen to what the president told graduating students at morehouse college. >> what is democracy? if black men are being killed on the street, what the is democracy? the trail of broken promises, still leaving black communities behind. what is democracy? you have to be 10 times better than anyone else to get a fair shot. most of all, what does it mean

as we've heard before, to be a black man who loves his country, even if it doesn't love him back in equal measure. stuart: listening closely, i found that a negative message to be sending to youngsters who were eager to get out in the world and make a mark. it was backward-looking. he looked angry. well, then it was on to the naacp meeting in detroit. that speech was an all-out attack on donald trump. he was stoking hatred. roll it. >> let me ask you. what do you think he would have done on january 6 if black americans have strong capital? no i'm serious. let me ask you, if he's re-elected, what do you think he will put on the supreme court? do you think he will put anybody who has a brain? stuart: went down from there, i'm afraid. instead of looking forward to the bright, new world, biden would create in a short-term, he turned on trump in a blatantly political attack. well, he's desperate. the latest fox poll shows support among black voters has

dropped 7 points for biden, trump has gained nine. without maximum black support biden loses. he has to ask if pandering will bring voters back, black voters back. meanwhile, thursday, donald trump goes to the black community in new york. he speaks in the south bronx. remember what he said in previous elections, speaking to black voters he said, "what have you got to lose? " he'll probably say that again. second hour of "varney", just getting started. mary katharine ham with me this morning. do you think the speeches that the president made over the weekend will bring black voters back? >> look. i'm not sure they are going to do a great job and here is the reason. not just the negativity which you point out but the fact that the negativity is not speaking to the problems that black voter s are actually experiencing

like when he talks about things being tough for black americans he's not really connecting with them because one of the things they're concerned about as the rest of us roanne sones inflation, is being able to afford housing, and look at biden and they go, well, you're the guy in charge, right now, right? he's sort of acting as if he's in this role where he has no control and no power to do anything. i noticed in a lot of comment sections about this speech in places where you can see black americans talking about this was a lot about college loads, because those are folks who have tried to go to college and spend a lot of money doing it and they are upset with how that has pan ned out so i don't think he's speaking to immediate issues. it sounded very dated and like a speech from five or six years ago. stuart: that's right, yeah. it seemed kind of out of place. instead of looking forward to a bright, new future for these young graduates just getting out in the world he was hammering them with anger and about donald trump. just seemed misplaced to me. anyway, moving on. i'm going to change the subject,

mary katherine, because i think you know something about golf. so it's a golf question. here we go. well it's a legal golf question. okay? golfer scouted it sheffler was arrested friday morning and closed out the pga championship yesterday afternoon in eighth place, 13 under par. he faces a judge tomorrow. do you think we could see those charges dropped? they were pretty drastic charges because it was a misunderstanding? could they be dropped? >> yeah, it seems like, i think he was lucky it looks like there was a journalist with him and i'm not always saying if you're lucky to have a journalist with you but on this particular occasion, scottie sheffler had a journalist nearby, who watched this exchange happen it seemed like the charges were exaggeratedded from the misunderstanding that happened, particularly the assault on a police officer part of this , and i would imagine that the louisville pd and others in that area are not feeling great about the fact that this escalated to the arrest and now i guess the hearing of one

of the best golfers in the world if not the best golfer in the world and that didn't shine maybe the light they were anticipating on louisville this weekend. if you were actually guilty of major things i would say he should answer for this but it does seem like from the reports this was a misunderstanding that got a little out of hand here and they should be able to get into the course for their t times. somebody should have been taking care of the fact these people need to get to where they are going even when there's a tragic incident that happened right before this. stuart: yes it was just such a shock friday morning. we were reporting he had been arrested and it seemed so counter to the character of the man, he's a great father, husband, christian, the whole bit. suddenly you get that arrest coming up but it's on camera. and there was a mugshot. just the whole shock effect really took me over. mary katherine, thank you very much indeed for answering. i don't know whether you know anything about golf but you answered well, thank you very much indeed.

>> i've got you. stuart: thank you very much. to the markets, please. 36 minutes worth of business. the stand-out here is the nasdaq composite. new high earlier this morning, it moved around 16.8 now up 101 points at 16, 787. luke lloyd with me to cover the markets. look, luke. if biden gets higher income and corporate taxes as he wants, what happens to the markets? >> great question. trump's tax cuts sunset in 2025 and if biden wins in november we can all expect all of our taxes to go up every single one of us. now here is the interesting thing that nobody will tell you. we have never raised taxes while going through an a.i., automation revolution, so if you raise taxes, corporations that currently exist, will try to become more profitable to offset that rise in taxes by becoming more efficient also known as speeding up the implementation of a.i. into their business. also, known as middle class america job loss so the perception of a biden victory in higher taxes will

actually speed up a.i. implementation and investments at the expense of the little guy who loses their job, so i'm not kidding. when i say this might be the worst possible time in the history of the us to raise taxes for the sake of the middle class and not spark an even quicker wealth divide in history if biden higher tax policy in this environment is going to make the rich much richer. the market will initially like the speed of technology implementation until people don't have jobs to spend money, at the corporation who let them go. stuart: what about nvidia reporting after the bell wednesday. we've heard lots of suggestions that the results are going to be absolute blockbuster and blow everybody away. what do you see? >> and they probably will but it's probably a small positive reaction because a lot of that's priced in. we always used to pay attention to apple to dictate market direction. now we need to pay attention to nvidia for overall market direction. the stock market's pricing in a substantial amount of profit increases due to a.i. a.i.'s projected at 30% of corporate profits over the next decade and if you add up all of

the s&p 500 companies, they are worth over $40 trillion, 30% of $40 trillion could be worth tens of trillion of dollars so from a risk and reward standpoint i think you need to look outside of nvidia. you need to look at the stocks that are helping implement a.i. technology, stocks like accentur e, that sold off over the past couple months at a great price point helping consult firms to implement a.i. salesforce reports next week, the hurdle is a lot smaller and lower than nvidia so yeah, look outside i think of the arms dealers of the world and look at those stocks. stuart: you're not too keen on nvidia going much above 950? i'm reading between the lines. >> i think in the long-term, this stock probably might go to 1,500 bucks, but i just think from a risk reward standpoint, you probably can get it cheaper down the road. i would not be putting new money to work at this point in time. if it sells off 15-20% which might not happen anytime soon, i would then look to put new money to work but you can get a lower price point than where it's trading at now. stuart: got it. luke lloyd thanks for joining us

on monday morning. we'll see how that works out. lauren is looking at the movers we better start with micron 4%. lauren: morgan stanley upgrades them to equal weight, price target of 130 but that was up from 98, yes, the stock is at 130 right now. basically they called it wrong. they underestimated the power of artificial intelligence memory. that's the area that micron plays into. stuart: hasbro is up? lauren: 3%, morgan stanley reiterated their buy rating called it top pick in all of leisure, they said look, share price has underperformed. this is an attractive buying opportunity. they also see margins improving and they didn't say so does that mean toy prices are coming down a little bit? stuart: okay. i see a couple of cruise lines on the active list, norwegian cruise lines actually is up. lauren: surging. stuart: 6.5%. lauren: 4 plus percent gains for royal caribbean. norwegian for the second time lifted their annual profit forecast. they see very strong demand,

pricing power, they are charging more, and in fact record bookings, so they are doing well stuart: how about that? next one, red lobster, filed for bankruptcy. i'm told that this bankruptcy filing is because of their unlimited shrimp deal. lauren: yeah the $20 endless shrimp deal? it's kind of like the costco $ 1.50 hot dog combo. stuart: but it didn't do costco. lauren: because it's only one small thing that costco sells and endless breadsticks at olive garden was just, you know, like the appetizer. you would still order an entree but people were coming into red lobster abdomen only eating the $20 shrimp deal. didn't work for them so red lobster about a week ago told us they were closing dozens of stores and now it's official, they are seeking bankruptcy protection to try to turn around their fortunes. stuart: if you were offered unlimited shrimp for a specific price you'd pour in there. lauren: that's what they did and they didn't buy anything else and red lobster suffered as a result. stuart: don't forget to check

out the fox business rundown podcast. the first episode premiers today you get new episodes every monday and friday, episodes will be available on fox business podcast.com, apple, spotify, or wherever you download your favorite podcast. coming up, trump is demanding biden take a drug test, before they debate. roll tape. >> i'm going to demand a drug test too by the way. >> [applause] >> no, i really am. >> [applause] >> i don't want him coming in like the state of the union. he was high as a kite. stuart: ouch that hurt. high as a kite. is that a fair request? bill mcgurn deals with it in our next hour. the president of iran and his foreign minister killed in a helicopter crash. some celebrated the news. could this be a turning point for iran? foreign policy expert christian whiton takes that on, next.

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stuart: the standout feature on the market this morning so far is the performance of the nasdaq , home of high-tech. it's up 105 points that's a gain of about two-thirds of 1%, 16, 793 is where it is now. show me big tech. i presume mostly they're doing well. they are. alphabet up 1%, microsoft 1%, apple almost 1%, amazon a quarter percent, meta is down one-third of 1%. the president and foreign minister of iran confirmed dead in a helicopter crash. the regime's first vice president will take over as acting president. grady trimble with us. what does raisi's death mean for iran's relationship with

america. reporter: it probably doesn't change anything, stu. our colleague at the state department, gillum ran turner, reports diplomatic relations are still suspended in the near-term and washington will continue to communicate in a third-party. the death followed reports that two biden administration officials held indirect talks with iranian officials last week in oman. axios reports "the talks" involving biden's middle east advisor and the acting us en view were the first since iran's attack in irs back israel back in april. they are trying to avoid escalating tensions in the middle east but again over the weekend rebels hit a greek- owned tanker in the red sea. former defense secretary robert gates says in addition to israel 's war in gaza there are three other wars in the east involving iran-backed militias. >> we've become so preoccupied with gaza, what we've failed to

talk sufficiently about is how do we deal with an iran that is basically the one providing the arms ubs the planning, and the intelligence in all four of these conflicts. reporter: and because of that latest attack over the weekend, rebel forces have now carried out at least 140 attacks in the red sea since the start of the israel hamas war, stu. stuart: grady thanks very much indeed. christian whiton joins us now. iranians, some of them, are celebrating president raisi's death, setting off fireworks. iran appears vulnerable. what should biden's policy be now? take advantage of that vulnerability? >> it should. we should have a concerted effort of political warfare and economic warfare which is is apart of political warfare. the people obviously don't like the government that's wyoming government never takes the chances with fair elections it only has elections where

approve candidates can run. raisi was hated and he's known for being a hanging judge, someone responsible for a great number of execution in the 80s and there's a possibility he was actually bumped off. this could have been a helicopter accident or it could have been an intentional accident caused by the supreme leader who would like his son to be his successor. he didn't want raisi to be his successor. stuart: the us and saudi arabia are close to a historic security deal. it would normalize relations between the saudis and israel. does the death of raisi and the foreign minister make an agreement more likely? >> it shouldn't and the agreement i think should be taken with a grain of salt. first of all it has conditions that just cannot be met such as acceptance of palestinian statehood and agreement between israel and the palestinians, in order to get saudi recognition. you could actually be viewed as biden administration just trying to put pressure on israel to call a cease-fire in gaza and pack it in.

the nuclear agreement also has an interesting part. this is so-called 1, 2, 3 agreement would allow saudi arabia to enrich you're un yum and other agreements we've had do not do that because that process can be used to make a nuclear weapon. and if the saudis are allowed to do it the other people we have agreements with will want that agreement so you could have the security arrangement could make the region less secure. stuart: that's interesting. this possibility of a deal though did the iranians and their proxies start the war in gaza because they didn't want this deal to go through? >> i think that it's always been a little unlikely that you have imminent normalization between saudi arabia and israel, so i think it's just an opportunity they saw with the weak united states that's distracted elsewhere and some of these iranian proxies feeling the need also to justify their own existence on the payroll so

iran has seen an open door generally with the biden administration and just decided i think to choose the time to exploit it, moreso than any possible decision by mbs, the de facto ruler of saudi arabia to normalize. stuart: the president used his commencement speech at morehouse to renew cause for a cease-fire in gaza. does that demand change given raisi's death? >> i don't think so. the administration really is in a tough position with key supporters including muslim voters in michigan who aren't numerous but could be decisive in a close election who are potentially having a big division in the democratic party that biden is trying to paper over. that's what's behind his call for a cease-fire. cease-fire actually means just the end of the war and the gaza will continue as a political force and continue to run part of gaza, if not all of gaza. stuart: christian, i know it's early days, this accident happened only just yesterday, but so far, i've not seen much realignment of policy or

position by any of the players in the mid east. everything is kind of quiet strangely enough. do you agree with that? >> i do, and i think that just shows that the real leader of iran, of course, is the supreme leader and now likely in the future son is 85 years old, so nothing really has changed that much politically in the middle east because of this. stuart: well it should in my opinion. christian whiton, i'm waiting for some impact, not seen it just yet but we will see you again very soon. thanks a lot, christian. >> thank you very much, stuart. stuart: secretary of state blinken reportedly is outraged over leaks about the israel/ hamas war. lauren: this is according to political. he's ordered crackdown on the leaks and very angry and says the constant leaks jeopardize the white house's ability to get the hostages home they also wrote trust within the state department so a memo went out, reportedly every

agency on state is on notice. stuart: check the big board, please we're now up 35 points, the big gain here of course is the nasdaq which is up over 100 but we're back to 40,000 just above that level on the dow as we speak. dow winners let's have a look at that list please headed by boeing. very much a top of the line there, it's up 1.5%, microsoft is up four bucks at 4.25, caterpillar, intel, apple, apple 's reached above 190, looking at 191 as we speak. s&p 500 winners, there's a cruise line right at the top, norwegian up a buck, 6.6%, carnival, another cruise line up 4.5%, royal caribbean up 4%, i guess the cruise lines are doing well. future orders look good. the nasdaq composite winners micron, moderna, kla, applied materials, lam research. how about bitcoin? nice rally there, earlier. it's holding 66, 900 is the bitcoin price as of right now. gold, right around $2,400 per

ounce, 2,421 to be precise, and oil, here is the surprise, up what? $0.2920 $80 a barrel with all this going on in the mid east. i'd thought it had gone up a bit more but no, 80 bucks a barrel as we speak. florida senator marco rubio, eight to 10 million deported? is that a feasible plan? we're on it. donald trump back in court for the final stretch of his new york trial. should trump's lawyers bring any witnesses, former manhattan prosecutor elliott felig on that , next. ameritrade is now part of schwab.

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stuart: at one hours worth of business on a monday morning and the standout continues to be the nasdaq composite technology doing very well this morning the nasdaq itself is up over 104 points. lauren's looking at the movers you better start with nvidia. lauren: i count at least three price target increases baird goes to 1,200, barclays 1,100, stifel ahead of earnings on wednesday. investors want to know how long is the runway for tremendous

growth rates at nvidia and how far behind are their competitors because everybody's trying successfully to catch up. stuart: all eyes on wednesday afternoon, 4:00 nvidia. got it. next is hyms and hers. now i know there are health, what is it? lauren: a healthcare company they do telehealth and now they are offering compounded glp-1 drugs, which are custom-made alternatives to ozempic and the brand drugs. it'll start at $200 a month for the injections and also some oral drugs and you get unlimited medical consultations with the license providers that's good enough. you mentioned ozempic or something like ozempic stocks up almost 30%. stuart: 200 bucks a month, set price, whatever number of injections, 200 bucks a month you get some kind of ozempic? lauren: that's how i read it. stuart: the stock is up 29% there you have it. next one is ulta. lauren: and doordash both down more than 1% even though expanding their partnership, doordash is

delivering ulta beauty products from over a thousand stores across all 50 states. stuart: before we go further, bottom right hand corner of the screen the dow is at 40, 053 an intra-day high, just hit another. lauren: do you know there was a bear on wall street, at morgan stanley and he just increased his price target to growing, now for the s&p 500 so he said everything was declined double-digits, now he's even a bull. stuart: well, 40, 050 as we speak for the dow. michael cohen back on the stand in the trump trial today. cohen's expected to wrap up his testimony later. eric shore at the courthouse, any fireworks right now, eric? reporter: yeah, exactly. just a few moments ago, stuart not only is michael cohen been portrayed as a liar but now a thief, who stole money, from his employer, the trump organization trump attorney pointing out that

as part of the stormy daniels reimbursement alleged scheme, cohen was paid $50,000 to accompany that rigged an online poll for the former president. well, he was supposed to hand over the 50 grand to the company he didn't. he said he handed over 20,000 and kept the 30,000, so when todd blanche asked michael cohen if he lied, he said yes, that's another lion top of many lies he's been able to elicited from the witness who was testifying in this trial. this comes as the defendant former president trump, we don't know if he will or will not testify but the defense wants to call as a witness, bradley smith smith is an election law expert and former chairman of the federal election commission. he has said that payments to stormy daniels do not count as campaign contributions but as personal expenses. that could be key because it would undercut a prosecution point. smith has compared trump's case

to the 2012 prosecution and a former north carolina senator john edwards faced similar charges he misused campaign funds to try and hide an affair with his mistress. well, that trial ended pretty well for edwards, in an acquittal and a mistrial. judge marshawn restricted what smith could say if he testifies, waiting for a final ruling on that. that means that michael cohen will likely be finished with this prosecution direct today and the defense redirect and then there will be the prosecution redirect so he could be done completely today which means the defense will have its chance, either later today or tomorrow, so we'll be getting to the final stretch, stu, they say the judge ruled because wednesday and friday are days off in this trial. next tuesday will likely be the day when the jury then could get this case, closing arguments then and have a verdict by next week perhaps. back to you. stuart: always the caveat, perhaps. i've got it.

thanks a lot. trump's attorney says michael cohen completely collapsed his words, on the stand, last week. roll tape. >> michael cohen, i believe, has just completely collapsed on the stand under cross- examination by president trump's trial team, so at this moment, i don't think there's any further need to call into question michael cohen's credibility because i think he has none. as of now, to me, this looks like a directed verdict or at the very least an absolute acquittal just based on the prosecution's total failure to prove anything even approximating a crime. stuart: former prosecutor at the manhattan da, elliott felig joins me now. what do you think of a directed verdict? >> i think that ship has sailed unfortunately for the defense. the defense had bought a written pre-trial motion to dismiss the charges, basically on the same theory they are going to make the argument today at the close of the people's case as a basis for the motion to

dismiss. judges almost never grant those and they prefer even when judges perceive a prosecution case is being extremely weak, they prefer the jury to be the one to make the decision. they prefer the jury give it as rejecting the case rather than the judge so i think it's very very unlikely he will grant a directed verdict. stuart: could it be dismissed or in some way it's over? forget it. >> the judge has the discretion to do that but i think it's extremely unlikely. stuart: okay should the defense lawyers bring any witnesses at all to the stand, like bob coste llo for example? >> so it's important to remember that prosecution always has the burden of proof. it never shifts. the defense does not have to create an alternative factual scenario. all they have to do is poke holes in the prosecution's scenario to win a trial. that being said, so they shouldn't put on a full case and present an alternative fact pattern, but if they have a specific witness who can undercut a specific prosecution witness like bob costello, sure

it's worth doing. stuart: how about putting trump himself on the stand? >> he be crazy to testify because the entire dynamic would shift. it would become a trial about a referendum on him and take the jury's focus away from the many holes they have already poked in michael cohen's testimony. stuart: so a very limited number of witnesses for the defense. >> if at all. stuart: no testimony from trump at all. when can this thing be wrapped up? >> if it weren't for the scheduling they have these off days on wednesday and friday, i'd say the jury would have the case by the end of the day tomorrow but because we have off day wednesday, off day friday, i think the judge probably won't give the case to the jury until after the memorial day weekend. stuart: which is a shame because the jurors have to go and sit all the way through memorial day weekend. >> i think the jurors would much rather have this wrapped up but that's the schedule. stuart: so if they did get the case early you'd think maybe the jurors would say forget about this. >> jurors we all forget are human beings. they want to get this over with and enjoy memorial day weekend with their families like the rest of us. stuart: next week you think it

wraps up? >> probably. stuart: i'm sure you'll be back next week tell us what's happening. >> thank you. stuart: we have the rapper, card i-b. who well not endorse biden for 2,024 because she feels people were betrayed her words. we'll get into that. new report shows child care costs more money than renting in all 50 states. it's also more than the average mortgage payment in 45 states. lauren dug into the numbers. she will tell us what's behind the spike in child care costs. lauren is next. ♪ don't you worry, don't you worry , child, she has a plan for you ♪

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stuart: you know, you have to call this a rally. the dow just hit an all-time high. it's actually tracking for its second straight record close, 50 points now but look at the nasdaq up over 100, there at 16, 800. show me target, please. they are lowering, repeat, lowering prices for thousands of popular items. okay, their stock's down but which items are getting cheaper? lauren: 5,000 items from a phone charger to a disposable plate, think summer picnic, even underwear. a little bit here, a little bit there, but it all adds up, right 1,500 items at target have already been cut in price, some examples, clorox wipes have gotten awfully expensive now 4.99 from 5.79. prime ice pop that flavor $1.99 from 2.19 so a little bit here and there. look i think the bottom line is this. walmart's doing well. shoppers continue to shop at walmart both higher income and lower income folks target has to

compete. stuart: yup lowering prices that's very interesting. next one, this is yours. a new report shows child care more expensive than rent in all 50 states. on average, how much does it cost to send one child to daycare for one year? lauren: more than $2,000 more than before covid. so one child, per year costs $11 , 582. but look at this map. if you have two children, the cost is at least double as much than rent in these 11 states. so, your child care bill is double what your rent is. that's unsustainable for so many families that's why the parents, the child care providers, they are fed up. states are pushing for more funding after the covid aid dried up so we spoke to an owner of a child care center in manhattan who told us that enrollment is way down at 50% after increasing tuition by 10% to take into account higher rent , higher taxes, and a 20% increase in teacher salaries.

stuart: whoa. >> there are regulations, and qualifications that were required that all of our teacher s are required to have such as a bachelor's degree in early childhood ed: education or years of experience and training so hiring someone with those qualifications means we have to be able to offer a competitive salary. lauren: look parents want the best for their children, but it's painful at times. there's also a zoning law and some states have requirements that are like completely over- restricted. in washington state each child has to have 75 square feet of outdoor space at that facility. then you have parking requirements, minimum parking but the parents are just dropping off and leaving, so it's all these onerous things, no more covid funding, and yeah, that's the cost of child care. more than rent, more than the mortgage. stuart: but those regulations push everything up. lauren: yup. stuart: got it. lauren, rapper, you've got this one, cardi-b, not going to

endorse president biden or donald trump in the election. she said she feels betrayed over what? lauren: everything. biden didn't live up to his promises four years ago. this is what she tells rolling stone about the layers of disappointment under biden. "i feel like people got betrayed i just like not caring about nobody. then it really gets me upset that there is solutions to it. i know there's a solution because you're spending billions of dollars on anything. " that's how she speaks to people. it's her style, but she's critical of the high prices and foreign policy. look, the economy is always the number one issue for voters but is foreign policy into things are different now, yeah, foreign policy is at the top of the list. here is the up-shot. she's not endorsing biden. she's not voting for trump and she says she might not vote at all. if so many voters don't like either candidate and this is what we're hearing from influential celebrities, vote turnout is a risk this election. stuart: a risk to whom i wonder?

which side? which side loses in low turnout situation? lauren: both. stuart: biden. i would think. you had trouble with the grammar and the language. lauren: i tried to do that as p c as i could. i left out some words. stuart: keep trying. coming up in just a few days new york city will start evicting migrants who hit the 30 day shelter limit. i want to know, where will they go when they give them the boot? donald trump will hold a campaign rally in the bronx on thursday. trump's making a play for new york. look it may be a long shot but let's see what new york city councilmember joe biden, i'm sorry, joe borelli, a republican , let's see what he thinks, joe is on the corner there, joe borelli is a republican and he is next. ♪ it's up to you, new york, new york ♪

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and threw it to the side. a couple weeks later, i seen it again after getting not so pleasant news from my physician. i was 424 pounds, and my doctor was recommending weight loss surgery. to avoid the surgery, i had to make a change. so i decided to go with golo and it's changed my life. when i first started golo and taking release, my cravings, they went away. and i was so surprised. you feel that your body is working and functioning the way it should be and you feel energized. golo has improved my life in so many ways. i'm able to stand and actually make dinner. 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. stuart: all right, we've got one hour and 20 minutes worth of

business. the dow is up 46. the winner is the nasdaq, which is up 121 points. look at big tech. they're all doing well with one exception, and that exception is meta, which is only down $ 0.25. the rest are up significantly. microsoft now up over 1%, 4.25 is the price on microsoft. the 10-year treasury yield right around 4.44%, investors like that. it's suppressed and below 4.5%. donald trump will hold a rally in the south bronx, in new york city, on thursday. new york city councilman joe borelli, he joins me now. joe? the post, new york post, says trump campaign has a permit for 3,500 people to fit in the space. it's a park. what do you think the actual turnout might be, bearing in mind he got 100,000 in jersey last week. >> well, i think there's much more interest in the 3,500 that they are going to be allowed to permit for that particular park.

i've got to be honest. there has been so much outreach from people all around new york city that want to be there, that want to express their support for president trump and i'm not surprised in the slightest he's going to have a pretty significant turnout of a broad diverse coalition of people in my city. stuart: he's really getting into the belly of the beast, going into the south bronx. >> oh, yeah, but look. the biden campaign, if anything, has to answer why new yorkers are spending $3,500 more in energy, $3,600 more in food. $3,900 more on housing. these are costs that the residents of new york are paying, only because of biden inflation and we haven't seen any solutions from democrat s here in this city who have only driven these costs up higher so i'm not surprised that you're seeing a spike in trump support. he lost the state by 23% in 2020 the latest poll had him down by only 10 and don't forget, stuart , we just had lee zeldin nearly win the state just two years ago so something is changing in the air and you're

going to see a significant turn out of people coming out to express their support. stuart: democrat congressman richard torres represents the area where the rally will be held. he says the south bronx is "will not buy the snake oil that trump is selling." do you think, well what do you make of that? >> look, the only snake oil is the garbage that joe biden has been selling to urban america. i mean, wherein the united states can joe biden point to his success? it is certainly not in the big cities that are number one facing the inflation that everyone else is but also facing rising crime rates and soros- funded prosecutors who seem to not want to prosecute crime. joe biden let urban america down and you're going to see basically a bunch of people that you might not expect come out and support the president on a thursday. i'm very very confident that they will certainly get that 3,500 people that they permitted and there's a lot of people that aren't going to be able to get in at the door. stuart: got it. now starting on wednesday, new

york city can begin evicting migrants who hit their 30-day shelter limit. so where will they go, joe? >> as long as they are off our roles i'm not too concerned. so far we've had pretty good success with some evictions only 15% of people have qualified to get back into the system, so a lot of them so far have gotten on the city's free bus tickets to other states around the country. people love to call out greg abbott when he sends buses to new york. eric adams is sending buses of migrants to florida, to texas, to the carolinas and everywhere in between. i'm happy most will likely leave the city and others unfortunately will blend in. they have been working here illegally for the past couple of months if not years. they have been delivery people, doing other cash jobs, but again , as long as they're off the public role, i'm going to say it's a step in the right direction. stuart: i want to go back to the thursday rally in the bronx. do you think it'll work? do you think it'll actually

increase the number of black voters who go for trump in new york city? >> yeah, i mean, i certainly do certainly it's hard for me to speak to black america but look at the polling numbers. you had a cnn pollster the other day basically dropping his jaw saying how much more support president trump had than he did in 2020 when he actually got a pretty significant number of black voters in relation to previous republican candidates. so there's a change in the air. stuart, we actually won our first elected seat in the bronx in a generation, so there's some sort of thing happening in the water or it's the air or something but people are getting sick and tired of being pandered to by the democratic party who tries to convince them that their life is better by woke progressive policies. it turns out that regardless of what color you are, if you want a safe city, a fair system where everyone can prosper and good schools et cetera, the republican party is your natural home, so i'm glad that president trump will be here touting those things, and i'm confident he will get a great

response. stuart: thursday will be very interesting. joe borelli, thanks for being with us today always appreciate it. now this. the man accused of punching steve buchemi in the face is arrested and charged $64,000 question where is he now? lauren: breaking news, behind bars. he held on $50,000 bond. he was arrested on friday for randomly assaulting him. he's due back in court thursday. we'll see if anyone puts up that bond for him in these liberal groups. that's a picture of him. he is 58 years old and some report he is homeless. stuart: still ahead, bill mcgurn on trump demanding biden take a drug test before their debate. the new york post, john levine on trump making a play for the deep blue state of new york can he do it? and our resident theologian jonathan morris after the media basted him for his commencement speech. the 11:00 hour is next.

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