your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >> s s&p 500 growing at 10% or nvidia and going at 450 piecer. obvious replacement for him and going to be the sitting vice

president and trails everything single one of them between 3 and 10 points, stu. she's not looking like a savior. >> 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. >> judge granting a verdict and effectively throwing the case out. >> donald trump is talking to the average american that's been forgotten for so long and going to order them. stuart: the thunderstorm has passed and a drop of rain on want lens of new york city. 11:00 eastern, thursday, may 23rd. to the markets, please. the dow is down 275 points.

very few winners amongst the dow 30. mostly they're losers. boeing, who else is down? boeing, travelers, mcdonalds, they're all down quite sharply. show me big tech. we have nvidia at the top of the list doing extremely well. it's up $90, 9.5% after a stellar earnings report late yesterday and microsoft at $431 up a fraction, 58-cents and alphabet, apple, amazon on the downside. the 10-year treasury yield right now, 4.49%. and going up and maybe that's why the nasdaq paired some of the sharp gains. now this, the president appeared at a campaign rally in new hampshire and it was a disaster in every possible way. badly planned, poorly attended and worse of all, ridiculed by local media. no campaign wants this but

that's what biden got. event was held at westwood park y in nashua. the speaker was the president of the united states of america, it was half empty. campaign staff spread the attendees around the room to disguise the lowe low turnout as they waited for him to take the stage, the crowd was subdued. no buzz, no excitement, no enthusiasm and elevator music was playing and spoke for just 12 minutes. the topic: the pact act. that's a law that helps veterans exposed to toxic chemicals but what a strange subject for campaign rally. hard to make it inspiring and president couldn't deliver. watch this. and>> we have a lot more to do t our plan is working. once i sign the pact act into law. stuart: actually got worse from there. back at the white house, there's got to be some soul searching. who planned this event? who thought the pact act would be a good subject for

presidential campaign speech. why did he go to new hampshire, which is a reliable blizzard warnings democratic and only has four elector college votes and there was as many trump supporters outside of the westwood park y and inside it watching the president of the united states. that is a campaign that's failing. tonight trump speaks in the bronx in new york city. there'll be a large and enthusiastic crowd, the energy will be palpable and i doubt he'll riff on the pact act. what a contrast. third hour of varney starts now. stuart: pete hegseth with me this morning. i say trump has momentum and biden does not. what say you? >> well, you're exactly right, but it is also may, stuart. we're testing the boundaries of hyperbole here, but i don't think we're off. joe biden is at least the worst candidate in the modern -- worst

candidate and maybe the worst president of all time and about to witness the worst presidential candidate of all time. he's just not capable of doing basic things saying basic words and not only an enthusiasm gap, stuart. there's no enthusiasm and there's none, no pro joe biden voters and simply admi arden democrats that have vote that had way and reliable voter blocks that trump is chipping away at or anti-trump voters and what joe will stop doing things like this, stuart. you notice trump does big rallies and talks for over an hour. sometimes almost two. joe biden does small events, issue-based, ten minutes. not much utility to that and the clips coming out on cable news and making them look older and they'll stop doing it and they'll fire up their voter turnout machine, stuart. they don't have enthusiasm and that means they need to identify low propensity voters through the union blocks and absentee

virgins and ballot harvesting and organizing and gathering ballots from people in key states earlier than republicans. republicans need to be all over that. stuart: a little later on today, the president will hold a joint news conference with the president of kenya. but he will only take two questions and he will decide which questioners. can't answer any and all and biden cannot do it. and why subject him? >> the american people don't deserve that and that's what the president should do gathering a debate and hopefully maybe we'll see on stage together and in

june and endarch doing it and finding a way to get out of it and and donald trump is right to talk about things like a drug test? and just kind of survives it, that'll be a draw for him. stuart: that's right. this next subject is for you, pete hegseth. there's a new push to make crime more politically correct. lawmakers in illinois just passed a bill that would change the term offender in state law to justice impacted individual. i'm serious, justice impacted. you can't say criminal any longer, can you. >> justice impacted individual. we can't say criminal then say offender and then say justice impacted. this is exactly what the left does and they do it with a wonderful slight of hand, stuart. think of it in issue of immigration. they were aliens then illegal aliens then illegal immigrants

than undocumented immigrants then just undocumented then they were -- migrants. now newcomers. stuart: now comers, that's right. >> pretty seen they're american adjacent citizens. this is how they do it. we're willing to use the words and all sounds acceptable. it's equity, equality, democracy versus a republic and do it to manipulate the language and get you to say it, they got you right where they want you. every single person crossing the border is illegal alien and every person coming in to break a law is a criminal and we keep saying those things. stuart: repeat it endlessly. pete hegseth, thank you for joining us. always good. see you soon. >> see you soon, brother. stuart: dow down 250 points and nasdaq clinging onto 86 point gain and mostly because of nvidia. lou basenese is here today and with me for the hour. got to get into nvidia with you. at one point you said not too

late to get in and they've got a split 10 for 1. >> regret impacted investor and as an investor, not a trader and not to chase after the sweet hearts to get away and if i'm looking at a trade, this stock split psychologically will have impact and buying impact and could be worth a trade and as a skeptic and going for anything. >> blow out report if i had to find something, it's analysts are getting too bullish. the margin by which they beat expectations was a smallest in the last year. that's it. that's -- stuart: i just don't have the guts to buy a stock at $1,043 a share that's doubled this calendar year. >> put money to work that could go up 100% to 1,000% and nvidia has done that. if they go up 500%. we're talking about a 10 $10 trillion company and don't think the probability of that goes higher than zero.

stuart: lauren looking at movers and one mover is intel, which is moving -- lauren: down. stuart: down today. lauren: turned sharply lower and intel down almost 3%. down 3.5%. no halo effect and they've turned lower and jp morgan down glade graded to neutral and almost this year and benefits from increased grid outages and old infra-truckture and increased reliances on renewables and backup generator and they said they ran a too hot too fast. stuart: earlier boeing a dow stock sharply lower and 4.3%. what's going on? lauren: management con if i weres they have delayed plane deliveries to china because of regulatory reviews by beijing.

two months ago, beijing gave boeing permission to resume the max deliveries after the deadly crashes and things are looking good but now a regulatory review out of china and stock is down almost 5% under 180 a share. stuart: kick them when they're down. thanks. one state could lose over a billion in revenue and residents flee because of high taxes. yes, of course we'll tell you which state. a winner in indiana helping transport hundreds of thousands of drugs from mexican cartel. we'll bring you the full storm donald trump holding highly anticipated campaign event in the south bronx tonight and new york congresswoman nicole malliotakis joining us shortly and she'll be there. ♪

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there's a smarter way to save. comcast business mobile. you could save up to 70% on your wireless bill. so you don't have to compromise. powering smarter savings. powering possibilities. stuart: hundreds of state lawmakers are calling on congress to push biden to extend the trump era tax cuts. hillary vaughn on capitol hill. what are they saying, hillary? reporter: stuart, they want to make sure these tax cuts stay to hit middle americans and the legislative exchange council delivered a letter to leaders on capitol hill signed by more than 330 state lawmakers across 32 states saying "majority of americans support making the tax cuts and jobs act of 2017 permanent and allowing to expire in a resulted tax increase on hard working american taxpayers and significant decline in american competitiveness and fewer jobs reduced wage income

for workers and higher prices". but the white house does not seem inclined to make these tax cuts here to stay. a>> does he support that with everything else in place? >> look, as you said, the president is going to allow -- is going to let the trump tax cut expire and he was very clear, but he will not raise taxes on anyone making less than $400,000 a year. reporter: if these tax cuts expire and nothing else in place, people making less than $400,000 a year are going to see a huge tax increase for people making $85,000 a year for two kids and a married couple will pay $1661 more and a married couple making $165,000 a year will see their taxes go up by over $2,000 and a married couple

with three children making $200,000 a year will see a $7,400 increase in taxes but it's not clear how the president will keep his pledge not to raise taxes on people making less than $400,000 if they're not putting anything else in place and if they can't get republicans on -- in congress on board with whatever their backup plan is. then ultimately when these tax cuts expire, taxes will be going up on people making under $400,000. stuart. stuart: can't wait. hillary vaughn, thank you indeed. now this, thousands of people set to show support for donald trump at his event in the bronx tonight. and congresswoman nicole malliotakis, republican from new york city, there are a few here, congresswoman joining us now. you're going to the event tonight and may join trump on the stage and what will he say to appeal to inner city voters and black and hispanic voters. >> he should say what your reporter just said, and

successing of jobs ability and brought unemployment to the lowest level for hispanics for african americans and for women and that's what he'll focus on and his success as well as failures of the democrats and particularly those in new york that have really deteriorated quality of life and made us less safe and haven't created migrant crisis and in the congestion pricing on top of it taking hard earned money away from them. stuart: the belly of the beast so-to-speak. it's one of the most democratic areas in the entire country and what kind of reception do you think? >> i think he'll get a great reception and limited to crowd of 3500 because of the permit and you'll see and people will be surprised to see african americans to see hispanics and to see democrats and independents and republicans embracing this president because they're so fed up and we just flipped a city council seat in

the heart of alexandria ocasio-cortez's congressional district. in my congressional district, we flipped multiple assembly districts. we flipped multiple congressional districts across the state so people are fed up with the one party democrat rule in new york, and they're showing it. they want to balance and they want common sense and they want secure borders and safe streets and want inflation to come down and they're not going to get any of it if president biden gets elected for another four years. stuart: i think trump's event tonight will be a stark contrast for biden's campaign event in new hampshire early this week. just take a look at this. a sparse crowd in nashua on tuesday. no enthusiasm. on top of that, it was another gaffe-filled speech. watch this. roll it. >> i signed the [ stumbling ]. act into law, many of the best trained warriors we've seen, we saw like in 9/11 fighters -- fire fighter fighters. they were incredible helpful making my case.

the law -- look, the bottom line is people not being sure we'll get it done without a lot of complication. stuart: congresswoman, does anyone believe that he can be president for another four years? >> well, i certainly don't. we can't afford for him to be the president for another four years and look at destruction we've faced at every level and national security and appeasement of adversaries and high food costs and high gas and utility costs because of anti-energy policies and that's why i think president trump is doing so well in areas that we don't expect them to do well just because they're heavily democrat and i'll tell you somebody ran for mayor in 2017 in new york city, we doubled the margin of the previous person four years before me got out of the bronx. why? because we showed up. that's what president trump is doing. i was at the rally with him in wildwood, new jersey, another state that they don't expect him to win, but they're wrong. we can absolutely win new mexicw

jersey. new york and new jersey is a state where republican almost won the governorship and came with a few tens of thousands of votes and people turn out and angry with the one party rule they're seeing in new york and they're unhappy with the way that they're getting whacked over the head with higher costs and the migrant crisis going to look at president trump, see what he's offering and see what he did and what he did years ago that left them in much better economic shape than they are in today. stuart: trump has political momentum and, congresswoman, we'll watch you tonight in the brocks. see you later. >> thank as lot. stuart: set to take place and liberal next month and lauren and more. lauren: it used to be taboo to mention the name trump in those circles. now they're hosting the

fundraiser and who reminds you of 2021 and trump was disqualified and according to the invite and costs $300,000 per person and 50k per couple and members of the host committee and thousands and going and silicon valley billionaires are criticizing president biden is making dissatisfaction known in the election year. stuart: pendulum swinging and that thing is swinging. i never thought that was possible. stuart: out of question. it's going to happen. this week's biggest losers on the dow and his name is tenuously holding onto $100 a share and $101 and mcdonalds

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indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire stuart: almost two hours into the trading session and dow down and nasdaq up over 100. lou basenese with us for one of the favorite segments of the show and that's lou basenese's stock picks because he's starting with microsoft. what a guy. go ahead. >> this is not just the win favor with you. we many this conversation and if i put money to work in the ai trend, i think microsoft mississippi is a martyr bet. nvidia has to be pulled into the market by others introducing products and microsoft is rolling out co-pilot with ai capables and not using nvidia chips and it's a qualcomm chip based on arm architecture and

the valuation and their business and something similar and going sleeper ai play and going with ai innovations and not knowing what they get and the stock pick of them making the case and going with credit and over 2,00n and extending top selling drugs key true data committee and -- ketruda and the patent expires in 2028 and combine with other drugs to increase effect in this, this is the pact coverage. reasonably valued at 15 times forward earnings and ketruda is the drug. it's all types of cancers and

useful in a lot of indications for canser and combining with other immunotherapies for that effect. stuart: best selling drug in the world? >> yep, for 2023. stuart: good stuff, lou. thank you. a beauty pageant queen in indiana accused of helping drug traffickers move hundreds of thousands of drugs and currency around. she was a night attendant on commercial planes doing this? >> yes, according to the indictment. she had a big fall from the 2011 title miss indiana latina to current title defendant. an indictment handed down last friday said she use that had position as a flight attendant and crew member badge to help a drug cartel move cash, specifically, $310,000 and southern u.s. and mexico and her sister, worked in a lafayette, indiana, bank and they're accused of laundering the drug money swapping big bills for smaller ones and agents callingg it the espinosa drug cartel and

they trafficking thousands of kilograms of cocaine and landerred tens of millions in -- laundered tens of millions of cocaine and moved by tractor trailer and rolled up and rolls of plastic and private chartered airplanes and specifically 1987 twin jet seized by federal authorities in 2021. indictment states that cash went back to mexico with trucks and the plane and with the help of zapata on commercial flights and federal agents say the head of the cartel is oswald espinosa and he's now a wanted man by the dea, u.s. marshals are looking for him and last known location is vis vera cruz mexico. the allegations are five years old and dea agents showed up and arrested ms. zapata after dropping her son off at school and the arrest was unnecessary.

stuart: oklahoma wants to make it a state crime to live there without legal immigration status. oklahoma governor kevin stitt joining me now. governor, justice department is suing you for this. seems to me it's really all about who controls immigration policy. the feds or you guys at state level. is that what you're fighting for? >> absolutely. first off, it's already illegal to be in our country undocumented or to come in anywhere except the port of entry. this law did not all of a sudden with a secure boarder and we also believe in immigration policy and work force and we're trying to solve that in oklahoma and task force and really going to put h1b visas back in the state form and so we want the

state of oklahoma to be able to determine who's in our state, who's working, let's make sure we know who they are, and meet the needs of the work force and we have to have a secure border and stand on that? that in oklahoma. stuart: you want more hsb visas, don't you? >> that's correct. our employers would come to the state like if you need more construction workers and more agriculture workers and manufacturing and we can help match up the work force needs of the employer with the employee and we're like the country that everybody wants to come to and we're not utilizing that and they need to pay taxes and be part of the society. not saying they have to vote or not going to make them u.s. citizens and give them access to all of our safety nets and if someone wants to work or provide a service then we should match those two people up and that's kind of our philosophy in oklahoma.

stuart: don't have legal immigration status and matched up with employer in oklahoma. you can't have illegals in there. you don't want illegals in there. >> that's exactly right. we got to make sure we know who's coming in and if you look at who's coming through the southern border, only 18% are mexican nationals. i mean, you've got people from all over the world, people in terrorist watch list, 52,000 from china. china that are coming across the southern border. the biden administration has got to fix that and that's why republican governors have been standing and putting out proposals that are pretty common sense. you've got to remain in mexico till you get legal status to get here. stuart: you're calling on white house to help the five americans facing charges of illegal possession of ammunition and turks and caicos, have you heard back from administration? tell me more about this. >> yeah, this is a situation that's crazy. we have five americans that are

prosecuted in turks and caicos for a -- they basically have had a couple of pieces of ammo like a deer round court ridge in their back -- cartridge in their backpack from a hunting trip and now facing prosecution and talked with the white house and justice department and states and u.s. senator and let a group that went down to turks to talk to them. talks to ambassador, governor of turks and the punishment doesn't fit the crime at all. these are great americans that basically had a piece of ammo in his bag in his backpack and facing 12 years in prison right now and it's unbelievable. stuart: it is indeed.

lauren: zucchini in a card board box of squash. similar to that picture. so what happened was border patrol in san diego, they have these new scanners and the scanners kind of inspected something wasn't right and called in the drug sniffing dogs and they found, yep, more than 11,000 pounds of meth with an estimated street value of over $18 million in boxes of zucchini. stuart: never forgetting that . zucchini. thanks, lauren, coming up and hiring a recent college grad and we'll tell you why. way fare known for being online furniture store half hour ago opened first brick and mortar store. we'll take you there, next.

stuart: stock of the day, week, month and possibly year is nvidia. it's up nearly $100, well above $1,000 per share. and nvidia has more than doubled this calendar year. stock of the day. online furniture retail wayfare opening brick and mortar store. kelly saberi outside of the grand opening. what maid them want to open -- made them want to open a brick and mortar? reporter: hi, this. wayfare said this was always part of their basis plan and terms of customer experience and another reason you can point to is that people

want to come in and touch things. if you're buy ago big ticket item, you want to see what the quality is like before making such a big purchase. another reason you can look at is that some folks that have had their homes for a long time already have their furniture but now we're in this suburb in chicago and these folks can now be familiar with the wayfair brand. might be something that as the folks here at wayfair tell me, their kids are more familiar with and moving into apartments, new homes, they have younger families, but now these older folks may want to get new furniture and they can come in store and check it out. now, if you look over here, i want to point to this faucet. maybe thinking this is a little out of place with the plates. i brought it down here from the second familiar 20 show you one of the brea breast interesting s and -- one of the interesting things and take a faucet and move it around to different bathroom insulations and tee

what it will look like on your countertop. just one of the interesting facets you can do here to really develop your home, design it and additionally there's also a cafe so you can stop in, but unlike ikea, you can drink while you shop. another feature of this first ever wayfair brick and mortar store. stuart: drink while you shop. yeah, right. thank you very much indeed. kelly saberi. lou, i have the imparishion that wayfair is starting a physical store because old people don't do the internet well and need a physical store. >> not just old people and retail online to brick and mortar transition for brands like untucked and other predominantly online only stores and most folks wouldn't buy the stock because of two years of layoffs and trying to return for profitability and they're having a hard time sparking demand. i don't know that touching cheap

furniture in person is going to generate that . you're ordering plenty of things from wayfair. it's not the kind of goods that compel you to buy when you see them. you usually send them back when you order them. why are fewer companies hiring graduate this is year? lauren: more skills and different than the graduates have. industry level job coming straight out of college and going for first year's experience and intelligent skills and not always taught in college and the national association of college and employers finds companies are hiring 5.8% fewer new graduates this year than they did last year. >> we've talked about this

before and had mike rowe on and ceo of lincoln tech and need practical skills and governor from oklahoma was talking about it and skills that the employers need and want right now. that's ai. if i'm in a liberal arts institution and have skills. stuart: if you're in college and deeply in debt and that's tough. that's really tough. lauren: started college on zoom and graduated with anti-israel protesters disrupting exams and graduation and now can't get a job because of ai. >> they'll prevail. just need a little struggle. stuart: this is america. massachusetts may lose a billion in tax revenue this year. what is the problem, lauren? lauren: high taxes and high prices for housing and healthcare. in the past decade, 39,000 massachusetts residents left the state and that number is expected to hit almost 100,000 by 2030 at estimated cost of $161 million per year and meaning massachusetts stands to

lose almost a billion each year in contact revenue. lauren: harper lanes are staying in new england and lowering tax states in new hampshire. maybe they like the climate and like the environment and they're just telling massachusetts we're not paying anyone for this and there's ways to do it cheaply. stuart: th thanks, lauren. the dow 30 stock and always a sense of the market and my sense is that the dow is down 260 points and there's a lot of selling and i see five winners out of the dow 30 and the rest loses. newly released e-mails are the top adviser to anthony fauci about deleted records of covid-19 and james comer wants answers and he'll be here next. ♪

stuart: explosive e-mails show a top adviser at national institute of health deleted records about origins of covid. look at this e-mail from june 2020. "we are all smart enough to know to never have smoking guns and if we did, we wouldn't put them

in e-mails and we found them we wouldn't delete them. house oversight chair james comer joining me now and this evidence that covid began in a lab in wuhan. are you convinced, sir? >> i'm 100% con syringessed it started in that lab in wuhan and 100% con syringes that had dr. fauci and our -- convinced that dr. fauci and our public health leaders knew about it and cover it had up. the fact that the admission of the deleted e-mails we also got testimony that said they bragged about understanding how to avert the foia laws and freedom of information act laws and if they constantly talk about deleting e-mails and this is terrible because i can't imagine anything in the last two decades our country has gone through worse than covid that's been more extreme than covid and costly to public education and mental health and covid and our government continues to turn a

behind eye and not hold these people accountable even though the evidence continues to suggest massive wrong doing. stuart: that adviser david morens used secret back channels to help dr. fauci evade transparency. >> we're going to have him in front of the same select committee of oversight next month. we have a lot of questions for dr. fauci. it certainly appears that dr. fauci misled congress many times at best throughout covid and on the job. >> that lab in wuhan and tax dollars were going to fund gain of function reservice connected and have they were playing mad science with covid viruses and they knew that accidently leaked out in my opinion and not accidental leak and then they go

to great lengths to cover thaw. the public led to believe we have to wear a mas and can have social distancing and this was not at any fault the chinese government or u.s. government. when the prosecute is go coming out, it was manufactured in the wuhan lab and our government did know about it. our government tax dollars were used to play a role in that and that's awful. to date, no one held account physical for this and i'm anxious to have dr. fauci in front of the committee. stuart: you're introducing a new bill to force presidents and close family members to disclose their finances. congressman, you're going right after the biden family, aren't you?

>> this ethics legislation pertains not only to the but immediate fa family members and inlaws and children and we need to know of conflicts of interest are there and wiring into the bank accounts of vice president of family members and it applies to whoever the president is and republican or democrat. i think the public support says this is what we said in one of the main peddling legislation was all along and trying to create legislation to ban influence peddling in the future. stuart: thank you for joining us today. always appreciate t sir. >> thanks for having me.

stuart: now this, official just gave an update into the investigation of scottie scheffler's arrest and louisville police chief said while the arresting officer was perform ago legitimate enforcement act, he failed to put on his body cam. the chief said the detective has received directive action for the violation. the charges against scheffler have not been dropped. the thursday trivia question, put it on the screen: when was taps written? 1802, 1812, 1844 or 1862? the answer when we return. ♪

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because the research is being shared all over the world. stuart: you are listening to taps, of course, a military song played on bases at 9 p.m. local time all over the world and all bases to signal the end of the day. and at funerals. before the break, we asked when was taps written? we are going to play and lauren, you go first. >> 1812. >> 1812 is one answer from lauren. >> 1844.

>> i'm going to go to 1862 and i don't know why. just guessing. it was 1862. it was written by daniel butterfield during the civil war who felt previous calls for lights out was too formal so he wrote taps, very solemn, emotional song. >> it is very poignant. >> they for being with us, don't forget to send your friday feedback to varneyviewers@fox.com. coast-to-coast starts now. neil: keeping a close eye on nvidia, you know the name of the story and the stock and now it is the priciest it has ever been at woven thousand $46 a share, essentially doubled this year. it's more than threefold in the past 52 weeks.