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tv   Varney Company  FOX Business  May 23, 2024 9:00am-10:00am EDT

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maria: 30 minutes before the opening bell on wall street for a thursday, dow industrials up 64. of course, it all started with nvidia, mark. >> yeah. so if you thought the a.i. rally needed a breather, think again. nvidia with another blowout quarter, pretty awesome. maria: liz, final thoughts. >> i'm excited about theally tonight in the brosmghts i'm going to be watching. this. maria: lee. >> i'm interested in 8% saying they would change their vote while 30% for biden. maria: thanks so much, everybody. very any and company picks it up. stu, take it away. stuart: good morning, everyone. it was a blockbuster, every bit as exciting and dramatic as expected. nvidia blew 'em away. sales and profits, spectacular again. if the stock price has moved above $1,000 making the company worth $2.4 trillion. nvidia is at the heart of the a.i. boom which shows no sign of
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winding down. that's helping stocks, obviously helping especially the tech-heavies nasdaq. that's looking for a gain can of about 200 points. percentage wise that's 1.1%. the dow up maybe 60, s&p up 36. solid green left-hand side of your scream. nvidia's -- screen. nvidia ya's results not having much impact on other markets,0 the 10-year treasury yield at 4.43 right now. and the 2-year way under 5, you're looking at 4.89 as we speak. bitcoin still around $70,000 a coin, 69,4. oil, $78 a barrel or thereabouts, $78.46. gas, $3.600 a gallon for regular, $3.900 a gallon for diesel. gold at $237. got it. politics. -- 2387. trump has momentum. he's widening his lead in season so-called battleground states. win these states and and trump
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wins back the white house. nikki haley says she will vote for trump. why? because biden, she i says, has a catastrophe. tonight trump speaks in the south bronx with, new york city, a big and enthusiastic crowd expected along with some protesters. the latest poll shows biden leads trump by 9 points in new york state, but he beat him by 23 points in 2020. trump has momentum. biden does not. his performance in new hampshire tuesday will set the alarm are bells wring -- ringing in the white house again. the room was with half empty, he spoke for 12 minutes. he slurred his words. local media ridiculed the president. that's not good. it is thursday, may 23rd, 2024. "varney & company" is about to given. ♪ finish. ♪ muck -- is about to begin. ♪ ♪ you're taking me higher,
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higher, higher off the ground ♪ >> higher e, that's nvidia. stuart: that's nvidia. [laughter] leave it to the producers to pick a good one. higher, as in nvidia. that that's where we start this morning, it's got to be. surging to an all-time high after another blowout quarter. lauren -- lauren: i mean -- outer you are the -- you've got the numbers, go. lauren: touching $1,000 the for the first time ever, not a single sign of this a.i. boom slowing down. nvidia revenue, $26 billion in the quarter. it more than tripled. their guidance for this quarter, $28 billion. the ceo, jensen wang, says this is the dawn of a new revolution in technology, and nvidia is driving it. catalysts, well, jpmorgan says that new blackwell chip, the next thing, it's coming this year. and return on investorsments. there's -- investments. there's a limit to how much companies can spend on technology, but nvidia says it's profitable for you or, so you'll reap profits and you're seeing these profits from your
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investments. i'm not done yet -- >> you keep going, lauren. i own the stock and i i love it. lauren: they increased the dividend by 150%. don't be too excited, that is a dime, but it's 150%. stuart: adam johnson, are you buying at $1,000 a share. >> yeah, and i will continue to buy it. at this point it's cheap, and i'll tell you why. i know it's trading above $1,000 and, by the way, you said worth $2.4 trillion? that's larger than the entire german if stock market. [laughter] and you're telling me you're going to buy it? yes, it's cheap. they are growing earnings at 450%. i know they're not going to keep that up. it probably tape ors to call it 100%, right? which would be reasonable over the course of this year, from 450 to 100, but they're going to earn $30 this year, i think they're going toen $50 next yean
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so if it's trading at $1,000, that means the pe is 20,. cheaper than the s&p 500. if you're going to buy the s&p 500 at 10% or buy nvidia rah that's trading at, i growing at 450 percent? see what with i mean? stuart: the i see what you mean, i just don't have the stomach to buy a stock that's gone straight to the moon. i think the stock has doubled this year -- lauren: 92 coming into today. stuart: there you go. >> to be clear -- [laughter] i sold it on way up because it kept getting so big. i bought it two years ago for $175 for my is subscriber, i sold some at 475. you always sell a little when it hits your target, sell a little. went to 900, my next target, well, now my target's $1200, and i'll sell some if it gets there, but i do think it's the ultimately going to 15-1600, i'm okay with that. but again, it got up to 8% of
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the portfolio. that's too much. so you've got to sell a little, even if it's the nvidia. that's the smart, responsible thing to do. stuart: all right. stay with me for the hour, please. a new poll shows donald trump's levered president biden widening in seven key swing states. trump is ahead of biden by 4 points across the states you see on your screen. guy benson joining me now. trump has momentum. at this stage in the race are, that a huge -- race, that is a huge desirable right? >> absolutely. and if you look at the bloomberg poll specifically compared to the last item in that series, trump is up in terms of his margin in a few of those states, he's done down in a few of those states, but steady as she goes. he's ahead. he's leery in the better position right now concern clearly in the better position in this contest. and if you add in rfk jr. and other candidates, a wide or field, trump's margins improve in almost all of the states, and
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he leads in six of those seven and trails by just a single point in the seventh which is michigan. one other thing the i just want to point out for your audience, stu, which i find very interesting in the bloomberg poll, we've had a lot of conversations about will joe biden truly be the nominee for his party, are they maybe setting up this june debate to sort of test how he might do and maybe have an escape hatch in august at their convention? well, the most obvious replacement for him would be the sitting vice president who would not go down quietly if there were an opening there. this poll asked how she would do against donald trump across these seven states, and the short answer is much worse than joe biden. she trails in every single one of them between 3-10 points, stu. she not looking like a savior on paper at least for that party. stuart: well, guy, former presidential candidate nikki haley, she's announced shah -- that a she's going to vote for trump in november. watch this.
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roll it. >> as a voter, i put my priorities on a president who's going to have the backs of our allies and hold our enemies to account. who would secure the border, a president who understands we need less than not more than. trump has not been perfect if on these policies, i have made that clear many, many times. but biden has been a catastrophe. so i will be voting for trump. stuart: guy, what are the chances that she will be trump's vice president? >> i think pretty low. trump responded to a story that had come out that maybe she was creeping back into the picture. he put out a post on social media saying absolutely no, not under consideration but i wish her well. i know some people are expressing some surprise, stu, that that she's come out and basically endorsed trump. i'm not surprised at all.
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she's a conservative republican despite some disagreements people might have with her in the base, she's always been a conservative republican. and in that first reare palin debate that fox hosted -- republican debate, trump wasn't there but the question was to the whole panel, would you support the republican nominee regardless of who it is, and almost everyone on that stage -- including nikki haley -- raised their hands. she was one of them, and now she's doing what she said she was going to do. stuart: i remember that very well. guy benson, see you soon. have a great memorial day weekend. >> you too. stuart: just how many voters may change their minds, change their vote in november. are we seeing this more from the trump side or the biden side? lauren: the biden side. we're one month if out from the if first presidential debate that could sway some voters. this is a quinnipiac poll and it essentially asks are you locked into your candidate, and more trump voters are dead set on trump than biden's are on biden by 2 to 1.
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15% say for biden. stuart: here comes the summer, lauren. lauren: yep. i'm not ready. stuart southern are people changing their travel plans because of inflation? lauren: absolutely. 55% of registered voters say they do not plan to go on summer vacation this year. that according to a new fox poll. the main reasons for skipping the trip, money and time. 73 say they don't have enough if money -- 7% -- 73%. so what message is that saying about people who are registered voters? voters don't feel like they have enough money to vacation. you can't remessage that on the campaign trail when you're the administers who's can caused that -- administration who's caused that that. stuart: fair point. adam, are you changing any of your plans because of inflation? >> yeah. i'm getting op an airplane tonight flying to europe, and i'm fly being coach. business is too expensive. lauren: and he owns nvidia. >> that's right. [laughter] stuart: right. what's wrong with you?
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you cheap guy, you. >> no, it's called smart and responsible, mr. varney. lauren: he's this coach. [laughter] >> that's right. no, you know -- stuart: i won't believe this until i see the ticket. >> it's true. i'll show you the boarding pass. i check in outside, you know? yeahings, no, it's true. business is too expensive,s i'm sorry so, you know, and it's still, by the way, the ticket is still over $1,000 to fly coach overnight, 7-hour flight to amsterdam. some people would say, wedgier you're spending $1200 to fly to am aster tam for weekend, yes, and i'm happy to do it to celebrate a friend's birthday. of you have to make choices. you can't do everything you want to do, right? that's just the world in which we live. stuart: i asked the question, you give a serious answer, and i make fun of you, i'm very sorry -- lauren: i'm sorry. >> it's okay. open season on adam. have at it. stuart: check futures, please.
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up 208 points offense the nasdaq. that is nvidia. okay. president biden, he seemed to ramble in front of a lack lust arer crowd at a new hampshire event. you've got to watch this. >> after i signed the -- [inaudible] act into law, the law -- look, the bottom line is people not being sure we get it done without a lot of complication. stuart: i'll guarantee a sharp contrast there from trump's eventer in the bronx later tonight. newly-released e-mails show a former top adviser to antiany fauci delete canned key records. congressman jim jordan demanding answers. jim jordan is next. ♪ i'll keep you my dirty little secret ♪ ♪ don't tell anyone, or you'll be just another regret ♪ tamra, izzy, and emma... they respond to emails with phone calls...
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and our success stories are real. why not give it a try? stuart: well, when you look at futures, you can tell the impact of nvidia, can you not? the stock's above $1,000 a share, and that's why the nasdaq is up 200 points at the opening bell. we'll take you there shortly. a top adviser at the national institutes of health deleted key records that were critical to uncovering the origins of covid-19. lauren, what a exactly do the e-mails say? lauren: there were 30,000 pages of them uncovered by the house select subcommittee on the coronavirus pandemic, and they show dr. david morins conducting official government business from his privacy e-mail and soliciting help from the nih to dodge requests for records, foia requests. this is one, april, 2021, morens wrote: this is no worry about foias, i can either send stuff
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to tony on his private gmail or hand it to him at work or at his house. another on hiding the e-mails, i learned from our foia leader here how to make e-mails disappear after i employ it but before the search starts. and when asked about this secret back channel to help chi as well as a federal grant that funded gain of function research in wuhan, china, evade transparency is, morens said the back channel was a joke. stuart: thanks, lauren. vivid stuff, i'd say. listen to how david morens responded when he was pressed about deleting those e-mails. roll it. >> sir, with all due respect, how can you say that when you clearly in all these e-mails were intentionally avoiding foia. you said anytime your own words, sir. it in your own words, sir. >> well -- >> it sounds like you would agree with us that you have conducted government business through your personal if account. >> is that why you used your
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gmail instead of official -- >> that was for avoiding more embarrassment and danger -- >> specifically avoiding foia withs as your e-mails say, correct? >> well, yeah, i guess you could say that. stuart: we need congressman jim jordan. is this more evidence that covid began in a chinese lab in wuhan? are you convinced of that? >> i'm definitely convinced of the that. but i think we shouldn't be surprised when our government tells us things that are not accurate that they try to hide documents. that shouldn't surprise us. think of all the things they told us that weren't true. they said it wasn't gain of function research done in the lab, immaterial wasn't our tax dollars used in this lap lab, they said the virus didn't come from the lab. no, no, no, it was a bat to a pension if win, to a hippopotamus, to joe rogan. then they said the vaccinated couldn't get e it, couldn't transmit it, they said masks work, there was no such thing as natural a immunity, first virus in history where there's not
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natural immunity. everything they told us turned out to be false. out probably shouldn't surprise us that they tried to hide the documents and evidence that refuted and what wasn't consistent with the people they're supposed the serve and who a pay their salary. stuart: was the public health -- the policy, public health during the pandemic, does it add up to a disaster? >> well, it was certainly tough on the entire economy. and then what what they ended up doing to school, to kids, to businesses, i mean, the policies they put in place. remember, they told us the 6-foot social distancing. where did that come from? they just made it up out of thin air. there was no basis for a 6-foot social distancing policy but, oh, my goodness, that impacted business. that in and of itself was probably the main reason why so many kids couldn't go to school, couldn't get the kind of learning and education that we want them to get. it was, again, all of these
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ridiculous things. by the way,, driven by policies from individuals who never put their name on a ballot. when did dr. fauci ever get elected to anything in but he was running the world. he was running everything. that is not supposed to be how it works in a constitutional republic like we have. it's supposed to be the people who put their name on the ballot. they get elected, they make the decisions, and if they screw up, the voters can thousand them out of office. that's how it's supposed to work. that's how you have the greatese freedom and liberty. but unfortunately, we had fauci running everything, and it was a big pop -- problem. stuart: what's this about a judge related to one of the trump cases making negative if statements about trump? is it okay for a judge to do that? can you explain the circumstances here? >> no, it's not, because i think it shows bias and prejudice. frankly, that's all we're getting from these judges. not just howe, the one you're talking about here, said all kinds of disparaging things about president trump and now has a number of cases in front
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of her, but also judge merchan, i mean, all these judges. judge merchan, you talk about someone who should recuse himself from this situation where his daughter is a bigtime fundraiser for democrat elected officials? this is just more of the left, what we see with this whole lawfare operation, what with see with all these cases against president trump. now, the god news is, stuart, they're -- the good news is, stuart, they're all falling apart. the fani willis case is falling apart in georgia. with we found out jack smith changed the sequence of the documents that he seized at mar-a-lago. the scanned documents don't match up with the physical if documents. some people would say that's tampering with evidence. can and, of course, or the irony is you got jack smith mishandling the documents while he's charging president trump with mishandling documents. i mean, you can't make this stuff the up. that case is talling apart. and then the -- falling apart. and, of course, or we know how ridiculous the case in new york
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is -- stuart: maybe this is why trump is gaining momentum and gaining voters. jim jordan, thanks for joining us. see you again soon, i do hope. check futures, please, nasdaq up 200. that's nvidia. we'll take you to the opening bell next. ♪ you know i love it when you get your shine on ♪
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class american strategic metals assets. u.s. gold corp, join the golden age. stuart: we've got about three minutes to go before we open this market, and if you own nvidia, you're going to be very happy this morning. d.r. barton joins us. i want to talk about nvidia. it's $1,000 a share, $1,015, is it too late to buy? >> it's not too late to buy. i think adam a laid out a pretty good case for that earlier or, stuart. but here's the thing, we talked about this in february of 2023 at -- 208 right -- $208. i was a buy on a pullback saying this is going to get bigger. and since then nvidia has done simply one thing, dominate a.i. at one point in time we calculated 90% of profits from a. a.i. in general were going to nvidia. they're winning the early game
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at every stage, stuart, and every new product coming out is getting better. the new h-200 chip is being adopted for the first time, and it's doing great things. so, yes, we can still buy it. i always like to buy it on a little pullback after a big pump like this, but if your not in the game, you've got to get -- you're not in the game, you've got to get in this game. stuart: do you have the stomach to buy it now? do ya? >> i am not a person who's going to buy on the big push up, stuart. i'm going the buy that next pullback to about $950. we'll get it at some point this time soon. maybe mt. next six months, and then i'm going to buy even more, pile on more. stuart: all right. you also like adobe. they're the photoshop people, right? why do you like them? >> yeah. they're another one of the stealth plays that i like in a. i.. i'm looking for people that are doing a.i. things that don't seem to be a.i. right up front.
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they have had a pullback to a great level, and i think what they're doing is using a.i. in all the creative spaces to purpose. yes, i like them right here. stuart: isn't it time for these companies who say, yes, we've adopted a.i., isn't it time they show me how much money extra they've made because of a.i.? that's what i want to see. >> what a great point, stuart. and i think we're at that stage in the cycle where people are putting more money into getting into the a.i. game than they're being able to extract as a company. so your point is really well made. i think we saw one thing that i'd love to throw out there, a 220-year-old company yesterday, stuart, that i worked for, dupont, is now splitting into three public companies. that's another big one that we've got to keep an eye on. these legacy companies that are breaking up and moving out,
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that's a big deal as well. 9. stuart: i'd like to see some increased value in one of the divided companies. that's what a you want to see, more profits. that's what we want to see. d.r., thanks for joining us. we'll check in on nvidia throughout the day, and that's a promise. all right, here we go, we're about to start trading. not exactly a historic day but certainly an important one for the a.i. industry because this is the day when nvidia trades after that spectacular earnings report yesterday amp. here we go. we're off and running. we're expecting to see a lot of green,'s on the nasdaq screen throughout the -- especially on the nasdaq screen. how we close, in idea, but we're going straight up at the opening bell. there you have it. the dow -- actually, it's down a tiny fraction, virtually more movement, and there are more sellers, losers than winners among the dow 30. s&p 500, that is moving higher. you've got a gain of .if 6 11th, 31 points higher -- .61.
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what a we're waiting for is the nasdaq. it has opened, 188 points up, 1.12 higher. all right oring or let's have a look at a big tech. i'm presuming that most of them are up, can and i'm right. meta, alphabet, amazon, microsoft -- lauren: that's a high for microsoft. stuart: yes, it is, $433, thank ifs or pointing that out -- lauren: just for you. stuart: wing lady -- >> microsoft if shareholder stuart varney -- [laughter] stuart: apple down but just holding at 190. let's get back to nvidia. they opened over $1,000 a share. lauren, is that -- that's got to be driving other chip makerses. lauren: the halo effect, absolutely. even their rivals, amd can, qualcomm. there's business to go around. it's a gold rush for artificial intelligence. we'll show them to you at some point, this you go. looked at those gains. dan ives used to say t apple's world, tim cook's world and everybody else is paying rent, and now he says it's nvidia's
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world and everybody else is paying rent. the ceo of nvidia, jensen wang, said a.i. is a new commodity. you have to have it. stuart: that's a fascinating. quite a day we're having. the department of justice gearing up the sue live nation entertainment on what grounds? if. lauren: the suit could come today, and abuse of power, antitrust violations. so the remedy could actually be a breakup of live nation which also owns ticketmaster. the department of justice has been investigating for two years now or, since the taylor swift fiasco when people couldn't get the tickets readily and tickets were so expensive. when you think department of justice, when you think antitrust, you think overreach. but in this case they might actually have grounds to stand on. i know people and i am myself if considering booking a trip the europe, paying for my flights even in coach, staying in a hotel and going to see taylor swift with my mother and my daughter because that would be cheaper or maybe just on par with going to see it and hear it
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here in the united states because of the monopoly that is ticketmaster. >> crazy -- stuart: you don't often bring a personal interest to the a story, but this time you did. lauren: ticketmaster says the artists set the prices -- stuart: you're mad at -- lauren: -- if filed today, might prove if differently. stuart: you're angry at them the, aren't you? yes, thank you. [laughter] i got a smile out of you. a new factory in shanghai h. okay, answer this question, what's tesla building in the shanghai factory? lauren: it's a mega-pack battery assembly plant. it's their first ever battery plant outside of the united states. they just broke ground today on it, $200 million plant. ing basically, they'll build these mega-packs that store energy to power over 3500 homes for an hour each. stuart: okay, works for me. openai just struck a content licensing deal with news corporation which is the owner of "the wall street journal": what exactly will this deal do? lauren in a nutshell, allow
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chatgpt to use content from "the wall street journal," "the new york post" and the times of london to the train the model and populate the answers. it's a licensing deal. it is reported to be worth more than $250 million over 5 years. the question is why. well, opena a i's ceo, sam altman, says "the wall street journal" is his favorite paper. obviously, he wants strong journalism to inform his artificial intelligence. and if i think news corp. is act chonging a.i. is the future. it's certainly the future of media, right, or we have the figure out how to deal with it, so getting onboard rather than potentially suing for content violations and all that, you just finish. stuart: you could see that coming. lauren: -- you make money up front, be part of it. stuart: i hear there is an outage at microsoft if on bing, is it? lawyer a lauren yeah. i tried to pull up an article on bing, and it was down. i didn't think anything of it, but, yes, microsoft says it is investigating an issue where users might -- it's not for everybody -- might be unable to
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sing bing but also -- access bing but also co-pilot, the crown 1kwr50u8s. there are search, engines that rely on bing like duck the duck go, that has been down too. stuart: dupont if joining the list of companies look to split into smaller businesses. why would they do that? lauren: to unlock value. the stock is down 1.2%. each company would be a pure play. number one, water. number two, electronics. number three, industrial. this could happen in the next 18-24 months. stuart: okay. what do you say about that, splitting into three groups to add value? is. >> yeah, that is a tried and true way to create value, right? part of the reason is if you've got a company that's really complicated, there are a lot of parts all jumbled together or you start to say what's it worth, but if you can split them apart, ah, that one's a chemical company, that one's a transport company, and you can apply separate metrics to each of those and get some sort of sense for a value. stuart: when you compare it to the gains made in technology stocks, dupont, splitting
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into -- it's just boring. >> thank you. stuart: it's boring. >> yes, it's boring. yeah, i don't buy stuff like that for that very reason. there's a perfectly -- we actually talked about this last week, we were talking about walmart's boring company. or what are you trying to accomplish? i'm a growth investor. i'm trying to build wealth for people. that means i look for growth companies. i don't look for dividend-paying companies that are steady eddie. that's a perfectly acceptable way to deploy your capital. if you're older and want to grow your money slowly, fine. if you're younger ask and want to grow wealth, you need to fine nvidias out there. stuart: you have two stock picks. first off, palo alto. why do you like it so much? >> number one in cybersecurity. this is a brill quantity company. i love buying -- brilliant company. i love buying best in breed, and pal lowal a toe is best in breed for cybersecurity. they beat on the. troop -- top line are, they raised earnings guidance, but the revenue guidance was with only in line.
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sorry, it's the only in line. we're only going the grow 18%. stock was down 8%, andst now back to where it was. ing you need to understand that right now the algorithms are searching for something in every releases that might not be positive, and in this case revenue if guidance was only in if line, so the computers mitt the stock. that's when you need to know your name, your companies, and you come in and buy them. stuart: section one is superrer microcomputer. it's already had huge gains. >> oh, my gosh, up 10%. i bought yesterday, a actually, after the nvidia news because it's a proxy for a.i.. the reason being super micro, they buy nvidia chips, they put themself them inside servers, they lick them all together with operating -- link them all together, and now all of a sudden you have a platform for a.i. we're talking about dupont. if you want to get into the a.i. business, you want a.i. to improve the quality of your business, you would go to a super micro and say design an a.i. system for us, and up super micro would make that happen. stuart: okay, got it.
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nice call on that one. >> every now and then what do they say? the blind squirrel finds an aa corn. stuart: coming up, a majority of americans believe we are in a version. most say the -- can in a recession. ab indiana beauty queen indicted on charges of trafficking drugs for a members can cartel. the -- mexican cartel. the judge in the trump trial likely to finish drafting instructions for the jury today. could we see a directed verdict? former u.s. attorney guy lewis on that next. ♪ ♪
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stuart: all right. 12 minutes into the session, and the nasdaq is up 1400 points, and the dow $140 points and the dow is down 130. how about that? we've got to take a look at nvidia. t now at $1,033, that is 8.8 up. now, the judge in donald trump's new york trial set to finish his
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final draft of instructions to the jury by the end of the day today. if bryan llenas is with us. bryan, will the instructions be available to the public? can we see 'em? >> reporter: yeah. stuart, ultimately, the jury instructions will be made public, the question is when. it's possible we won't get a copy of the final draft of the jury instructions until the day the jury begins deliberations which is expected to be next wednesday. look, the jury instructions are vital, stoort. this is the road map, the explanation of the law the jury will use to guide them as to whether or not to find former president trump guilty of 34 flockny counts of -- felony counts of falsifying business records. these are misdemeanor charges ordinarily that have been bumped up to felonies. remember, because prosecutors say trump falsified the business records with the intent to conceal another crime. this past tuesday trump's defense seemingly lost an important if argument regarding the jury instructions. trump's defense wanted the jury to have to find if beyond a
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reasonable doubt that the former president intended to enter and orchestrate a conspiracy if, in this case catching stormy daniels' story before the election. but the judge said prosecutors don't have to show that, only that he a falsified business records with the intent to conceal a conspiracy. merchan also dealt another blow to the defense indicating that a jurors will be told that they don't all have to agree on what crime trump tried to conceal to find him with guilty of these 34 felony counts. for instance, some juries -- jurors can believe that trump falsified records to cover a tax crime, and others to cover an election crime. so, ultimately, we'll see where judge merchan fall ifs on these issues and other significant ifics like whether or not to include the world willful, for instance. in the meantime, former president trump, stuart, is holding a campaign event tonight in the south bronx for
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thousands. stuart? stuart: i'm sure they will. bryan llenas, thanks. we'll see you again soon. guy lewis is with us. he's a former u.s. attorney. guy, e wouldn't mind some predictions here. we have a lot of people on this program say they think it's going to be a hung jury in the new york time trial -- trial. what say you? if. >> so, stuart, i'm going to to go out on a limb. no not -- practically, i think he's going to get acquitted. i think the evidence and the law, a reasonable jury is going to go back there, these women and men are going to talk about this case, they're going to look at the law, and they're going to come back not guilty, all counts. stuart: what about a directed verdict from the judge? >> great question. stuart, frankly are, it should be. if we were in the real world, a judge would look at this and say there are so many gaps, there are so many holes in this case that the judge should grant a directed verdict effectively
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throwing this case out. i don't think he he will. if for a lot of the reasons that we've talked about including the judge's own partiality that he's demonstrated throughout this case. stuart: the new york judicial establishment, the new york judicial system, is it in good standing in america today? >> boy, that's, that that -- i think in large measure, stuart, we're going to know the answer after this verdict. look, i tried a lot of cases, most cases that are tried result in a conviction. however, the caveat in my if ebb appearance -- experience, a lot of cases, is when you have someone who's notorious with, a famous person. that throws everything upside down. and i think that, again, the women and men on this jury even though people are saying, oh, they're in new york or, they're all going to convict, look, they care deeply about the american
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system. they're going to go back there. they're going to be careful or, they're going to read the law and, look, after you looked at stormy daniels and you look at michael cohen who was a disaster, how can you find beyond a reasonable doubt that trump committed these crimes? i don't think they will. stuart: house majority whip tom emmer wants the the president of justice to prosecute michael cohen for making false statements during his testimony. will anything come out of this? >> boy, it should. i gotta tell you, if there's any fairness, if there's any equity, if anyone is at the switch at the the president of justice, this file needs to be -- at the department of justice, this file needs to be put on a fast track, they need to open it up. they need to impanel a grand jury, and michael cohen should be indicted. my fear though, stuart, is they -- they, being the state -- has effectively immunized, yards, that guy could get on the stand and admit to murder, and
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he can't be prosecuted based on that administration -- admission. very, very unfair in this case. stuart: got it. guy lewis, thanks for joining us. all good stuff today, appreciate it. thank you. adam johnson -- >> yeah. stuart: guy lewis thinks there'll be an acquittal. enter yeah, i was surprised he actually phrased it that way with. because i agree with you, hung jury, right? if anyway -- stuart: well, or let's go the other direction. suppose there's a conviction of donald trump. what does that do to the markets? >> not good. i'll tell you why. if you convict donald trump, a former president, well, okay, there are two things. let me back up. you can convict him, but that doesn't necessarily moan he's going to jail, right, because he would presumably appeal and presumably would not be in jail. but if for some reason they did put him in jailing maybe they convict him and he says something that angers the judge to such an extent he gets put in jail even worst night, the market would not like that, stocks would not like that. that would be a short-term
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thing, but it would create a bid for treasuries. safe haven of play. , ironically, would bring rates down. that's a short-term thing, that's just a knee-jerk market reaction. i don't think that's a long-term thing, if it's awful ally hard to imagine donald trump being put into jail in handcuffs. i mean, on this? really? if i just don't see it. stuart: thanks, adam. coming up, in politics there's something called momentum. trump has it, biden does not. that's going to make a big difference to in this election, and that is going to be my take, top of the hour. cruise ship bookings are hitting record highs. we sent ashley out to have a look at what's luring passengers more than ever before. ashley is next. ♪ get away where the where the boat leaves from -- ♪ it takes away from your big problems. ♪
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ashley, you're on. ashley: hey there, stu. well, this is one of them. it's all about experiences. people want to enjoy an all-inclusive vacation, you know? if you get your travel, your food, your entertainment. this is rather more upscale, stu. this particular -- this is my private deck, by the way, my private jacuzzi. ooh, that's hot. follow me into the suite here. in fact, this is called the ope. there's only one of four onboard. it's absolutely beautiful. we have couches, we have dining room tables, not too shabby. i've got to tell you, the industry, the cruising industry is booming. if you look at the number of sailings, you look at 31.7. million people around a the world cruise canned last year, this year -- cruised last year, this year close to 35 million. and the question is, what's the awe attraction? to your question. part of it is value for money. but also there's something for everyone. i spoke with the president of
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norwegian cruise lines, david herera, earlier. listen to what a he said. >> cruising is booming because it's such a great value. it's such a great opportunity. it appeals to everybody. what's great about cruising is everybody can do what they want to do on their own, and they eventually come back together and just share their's ebb pierces. it's a fantastic -- experiences. it's a fantastic opportunity. ashley: you know what's also interesting, people want experiences, and that is certainly true among millennials and certainly gen-zers who, as we know, maybe not saving money, they're spending it. this is the bedroom. not too shabby, huh? if also has, by the way, a walk-in closet, no less. and let's have a look at the bathroom. why? well, because i'm nosey. [laughter] that is a pretty nice bathroom, indeed. bottom line, stu, i know you're going to ask how much does this cost. this room would be about $4,000 per person for a 7-day cruise to the caribbean. so for a couple, we're talking a
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little over $8,000. if you can afford it, it's pretty darn nice. oh, one more thing, concierge service, butler. come on in here, please. he's been following me -- >> [inaudible] ashley: a thank you very much is. take the rests are of the day off. cheers, stu. life is tough, and i'm -- i certainly can aspire to that. stuart: watch out, ashley, because i think you're coming back in the 11:00 hour, so sober up fast. [laughter] ashley webster on a cruise. ashley: cheesier. stuart: thank you to adam for joining us for the hour. still ahead, nikki haley says she's voting for trump in november. does that bring her supporters to trump's side? good one. sean duffy on that. congresswoman nicole mall ya a tack -- malliotakis is going the trump's event tonight. what kind of reception. is he going to get? the 10:00 hour is next.
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♪ looking good, guys! thanks! vacations are better with the credit gods are on your side. i'm coming up! rewards once available to the few are now accessible to the many. earn points for travel with credit one bank, and live large. ♪ stuart: hold on, i'm coming, theme song for his event in the bronx tonight. what you are looking at on sixth avenue

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