ago. stuart: this time you are last. ashley: doesn't matter first or last. i am with you. stuart: reveal, all of us got it wrong. 5000 participants helped decorate the graves of union and confederate soldiers buried in arlington, virginia. hope you have a wonderful weekend. see you next week. >> reporter: donald trump headlining a raucous rally in the bronx in deep blue new york, his message, replace bidenomics with maga phnomi sees.

don't miss my interview with congressional budget office, how the us can afford this. and they are expected to hit the skies. the expert will help through the weekend. you are watching cavuto close to coast. new yorkers showing up and shouting out for donald trump at his bronx rally, expected to get 3500 people, the campaign's is the final tally is 25,000. madison alworth was there for the rally. what kind of energy was in the crowd? >> reporter: keeper were very excited. thousands of folks showed up more than the campaign

announcement, the former president saying on stage. it is a rally. 25,000, on the ground, more in the thousands. we can say it's within the thousands. the sentiment was returned especially with bronx residents. >> i came through support, a place like the south bronx, it's huge. biden is not doing this. >> reporter: the democrat party has taken the vote for granted for too long. we see minority voters are shying away from the democratic party. and that is exactly what i heard on the ground.

>> why are you here for this rally for donald trump? >> first the economy, the border, fixing my park, that's another thing. >> for us, we think it's unfair. >> democrats vote for trump this year. >> reporter: multiple signs say new york is trump country. polling doesn't show that to be the case yet but the president received a warm welcome and honestly that's putting it lightly. >> reporter: let's dig in to how effective the rally was. sarah bedford and jonathan caught. this is a state that president biden won in 2020. polling is showing, donald

trump is down 9 points. >> new york could be out of donald trump's reach, when lee zeldin, and couldn't get there three points short. in terms of donald trump eating into president biden's lead, black and hispanic voters, president biden carried black voters 92%. a double digit drop of black voters, and it doesn't take much at the margins. >> when you look at the candidate side-by-side, he had 9 corrections for its speech

and in the news conference i saw the president lost his place a couple times, donald trump had some energy at this rally, how does president biden get the energy? >> he has the energy going around the country, his rallies are different than donald trump's, not hour and 1/2 long speeches ago from hannibal lector to some other conspiracy topic but the president is going out thereafter he is doing his day job of being president. he's building support and losing support with african-american voters and gaining support with white voters. we are in a shift of how the elections pare out. we will see 7 or 8 states decide this. as a native new yorker, new york won't be a swing state, president biden will win by 20 points, donald trump found his way around the bodega in the bronx. i'm not concerned about that.

edward: there were a lot of people there and no protests. is that a concern? >> i don't think it's a concern. the protests are protests about a policy issue he is working on at he has time to get those voters back. the best thing that happened for donald trump's this week despite this coming to a end of his trial was nikki haley saying she's going to vote for him, she didn't say she was going to endorse him but vote for him. he has a lot of work to do to get this 15% to 20% of republican voters were voting against him. edward: donald trump looking to the future saying there's a bright light going forward. president biden talked about the danger to democracy. are there grim days ahead? the message, does it matter? is it resonating? >> we are seeing the polls, the momentum is behind donald trump

and he appears to be writing a more effective campaign in 2020. what we heard from donald trump frequently on the campaign trail was about his grievances, they are out to get me, haven't been fair to me, covid hasn't been fair and that's a big part of why he lost the not the strength of president biden's message but the weakness of trump's. now they are out to get trump even more than in 2020 but last night donald trump only brought up his trial one time and only as an aside, focused on the economy, the future of, unifying message to americans of all races and ethnic backgrounds, that is proven successful. edward: we don't see him on twitter as much. as he learned about that messaging? >> outside the courthouse, not about the trial and how unfair he think that is but it is about president biden taking the fight to president biden, not focusing on himself.

edward: where do you put the odds? >> president biden will win the race which once voters see donald trump every day on their tv for the next six months they will remember the chaos and the chaotic nature that was his presidency. he's not on twitter, he's not allowed on twitter, that's why we are not seeing him. his rallies haven't been covered by the mainstream media, donald trump is leading in most of those because he has been out of the minds of voters for the last three years. once the biden campaign spends one billion dollars on tv reminding people who donald trump is, and he's out there every day and it is covered 24/7 voters are going to remember that's the guy we don't want. edward: we will have you back. the value war is on, burger king is the latest, introducing

$5 value meal and restaurants produced the sharpest price increases since president biden took office. brian brenberg is here on how that is sitting with the voters. you had me on on wednesday. i showed up in person. brian: couldn't get a flight to dc. i love you in dc. i see you in the white house and there is a guy who has to eat out a lot. makes me feel bad because you have to pay for it. food away from home is up 20% since 2019, they are paying up for it but it's even worse when you talk about the things we all loved to eat. take a look at your subway sandwich. the days that you eat healthy. you are paying $5.50 in 2019,

you're paying $8.49 today, 54% increase, or made the you are feeling a little chipotle. you are paying for that chicken burrito, 1070 today. the day you want to have fun, you go for the big mac meal, that's the meal in 2019, $5.99. in 2024, $12.69, what's the point of all rat. when talking of family on the move, trying to feed the kids, make it through the day, plug the hole with fast food but when you try to do that you are paying prices nobody can believe and that an affordability is driving voters to think hard what they are going to do this november with the election. brian: i did some research and went through and bought some

medium-sized french fries from mcdonald's, $4.19 in 2019, in 2019 the same fries were $1.79. what is this telling you about fast food restaurants that are bringing it down it is there shrink inflation? usually you see that. brian: the $5 meal, they are careful what to offer because they are not giving you the big mac for $5 but these restaurants are starting to see the consumer, we talked about the health of the consumer, are they -- what they are seeing is the consumer is becoming defeated and they are not willing to spend on that stuff. what is interesting is in mcdonald's's case, they know they can't make money on that meal.

if they get 5 bucks longer than a month they lose too much money. trying to get people back in the door but they face the same problems all of us face, they have costs and if they put food on the table for you they got to pay for that and the preparation it is getting. you can't hide from inflation. at the end of the day, they all pop up at once and realize i can't win this game. edward: the fast food index for what happens to the consumer, thank you. appreciate it. coming up, president biden canceling $7.7 billion in student debt but how is he going to pay for this? live after the break. ♪

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>> president biden canceling $7

billion in student debt this week, that bring the total debt canceled by the administration to $167 billion. thank you for being here, how is this being paid for. >> the student loan cancellation, the rest of the deficit, and increased debt, selling to americans and global investments. neil: edward: it is 3 times the budget of the us marine corps. putting the cost per student forgiveness, $500 billion over ten years. half half $1 trillion to forgive debt for some. >> that is about right in the ballpark.

i will go through the analysis, the administration had one plan canceled by the supreme court and announced two other plans. one is an income driven repayment plan. we estimated that as costing $260 billion. outstanding loans and future loans than they had another cancellation policy they announced that they haven't implement yet but the president has said, and we have that at just over $130 billion and they announced recently that they would have another $74 billion of cost from previous loans. the loans they had forgiven in the past were more costly than they had expected and that is 74. 260, one hundred 40, 74, that gets close to the $500 billion fixed. edward: is this financially

sustainable? >> a bunch of pieces that come together and lots of dollars involved, loss of student debt outstanding. we face a challenging budgetary situation. it is sustainable for now. at some point it's not sustainable on the trajectory we are on and these deficit increases continue that but not like we have a crisis at the doorstep, just a mounting crisis that needs to be addressed. >> could there be a scenario we need to raise taxes to pay for student debt forgiveness? >> the two lines of revenues and outlays and tax revenue, they are really far apart a 6% of gdp apart. that can be done with more taxes, revenue, outlays,

stronger economic growth, lots of ways to do it. the trajectory is unsustainable. edward: your analysis proposed the budget proposed by president biden can save $1.7 trillion in deficit spending. at some point, a crushing weight for americans. >> it's the challenge, not at any one moment. we have the ability to take more policies if they are financed by more deficits and debt. we did that with the supplemental. so we can do that but it makes the problem bigger and more challenging.

at some point in the future, i don't know when, that's part of the challenge. edward: paying as much as we are on interest, the interest payment is more on national medicaid and kids, how critical is it, what drag is that on the economy? >> it to drag that is rising, because we have more debt and higher interest rates than we had several years ago and the combination of those things means interest payments are up and means we are more vulnerable. if interest rates go up, interest payments would accelerate and pose more of a challenge. edward: republicans and democrats of past spending bills going forward. you testified in front of republicans and democrats. is anyone listening?

>> policymakers are aware of the challenging fiscal situation. proposals for commission, legislation, we are here to support the policy. policymakers recognize the challenge and we are here to support them. edward: thank you for your time and we are watching for the next time you testify. madison ventures partner mitch rishel makes great transition. how worried are you or the markets about the amount of federal debt the us has? >> i'm worried and alarmed the cbo director is more concerned that i am, and shrugging off deficits and hoping lines between revenue and spending crosses little frightening for me.

edward: it is coming off of the year. it has been wavering a little. >> friday is a holiday weekend, half of the traders go home. and the market was positive. and we are through with earnings season. and and more focused on what the fed is going to do. and they are optimistic.

and not raise rates and that's the big story out there. >> you said it, blowout earnings, the company announced a stock split. is nvidia by today, and wait until after the split. >> was a bible for the earnings report. wall street expression means to buy the rumor and sell the news. it's not the best time to buy. it's a broader ai story, and a story of what's going on on a macro basis, a handful of names are growth companies that are growing and broader market is just limping along and what concerns me, business-to-business spending. can businesses continue to buy technology from these companies if they are reliant on the consumer and the consumer is not there. edward: i am seeing divide in

the market. there seems no talk to the text stocks when flirting with a i will talk about ai and stocks rely on the consumer where there is an undertone at some point this year, no one can put a finger on it, the consumer will eventually break. what do you think of the divide and are you concerned about retail stocks? >> i am concerned about retail stocks. the have is walmart, the not is target. the record retailers closing. the previous segment with brian over the cost of a big mac and i am a fast food either, i spent $20 for my wife and i are driving back from florida. that is insane. out what point can the consumer do that? we have to see some breakage in the consumer.

edward: we need to start the fast food index. >> my dog, fred, is agreeing. edward: as long as fred is on board, i am on board. pressure ramping up our hostage deal and gaza. live report after the break. oo logistics than these three. you need them. they need a retirement plan. work with principal so we can help you with a plan that's right for your team. let our expertise round out yours.

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>> recovering bodies of 3 more hostages, and william burns in europe, and in london with that. >> several major developments in gaza, israel recovering the remains of 3 more hostages. michelle, 30-year-old hernandez. the bodies were found in an operation buys really forces in northern gaza. the total number of israelis being held by hamas since its october 7th attack, 125 hostages, 36 of them did. william burns will be in paris this weekend dealing with his israeli counterpart, trying to get a cease-fire hostage deal going. at the top court of justice ordered israel.

in the southern gaza city of rafah, opening up the territory for aid, and more diplomatic pressure. and they intensified the defense. some aid reaching the locals via the us military floating, and 3 servicemembers suffered noncombat injuries. and one remain hospitalized. >> let's turn to someone, helicopter pilot thank you.

the aid package, it's critical to have that, but slow walking military aid to israel. what do you think of that? >> with friends like these, we are going in both directions, we keep trying, the cease-fire deals. if we remember, we have to focus on the fact the cia once went to broker a deal but they allowed hamas to change the language to fulfill the deal would allow them to present bodies to living hostages. what we are seeing is the reality in play from the beginning.

>> 3 us serviceman have been hurt. do you think of the us should be in that spot directly senate communitarian aid into gaza. >> i don't think it's a good place for servicemembers to be. boots on the water is ultimately the same thing when they are at risk. this is not a good thing. the sad thing is a lot of this aid is not reaching the locals. it's going through you and into the hands of hamas and the reports i'm getting from people in the region. i'm not sure it is worth the risk of the award. and ultimately a different agency in charge of this, let them assume the risk. biden has a bad track record of supporting our own military overseas.

edward: the issue of the halt of military operations. does that hold sway with the idf and will this impact operations anyway? >> no sway at all. the international clown court doesn't have any enforcement authority. benjamin netanyahu was looking at this is a political ploy, to pursue for israel and it is unfortunate, the, the court needs to weigh in on this and make demands. and they need to find themselves more quickly on the right side of history. and stop supporting the fight against them. >> there was a call with

egyptian president ceci. can biden convince the egyptian leader to take refugees from gaza or has he lost his power on the world stage? >> he has lost most of his power on the world stage. every time you have an opportunity to get hostages back in the hands of their families, we should take every opportunity to do so. biden's words don't have much power on the world stage. not with israel or anybody else. edward: thank you for coming on with us and have a good memorial day weekend. coming up, gas prices up 50 one% since president biden took office, a busy summer travel season kicks off. will affect will gas prices have a november? we will dig into that after the break. ♪

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gentlemen, it's a beautiful... ...day to fly. >> we will make energy affordable again by saying drill baby drill. and your energy costs will come down within the first year by 50%. that is a hell of a promise and it will too. we can drop that. >> donald trump making a big timely promise according to a new fox news poll nearly half of americans call high gas prices a major problem.

hillary vaughan is digging deeper into this issue. >> reporter: drill baby drill is what the oil and gas industry is telling president biden to do to lower prices, the american petroleum institute saying on fox business saying a meeting with the president to tell him that but haven't had the chance. gas prices up 50% since he took office, voters are feeling it. 84% of voters say gas prices are problem for their family in addition to high prices on groceries and housing. democrats on capitol hill are brushing out the idea that high gas prices could be a drag on democrats in november. how big of a problem are high prices going to be for democrats in november? >> who knows? the basis of fuel costs are based on supply and demand. that rule will hasn't changed in centuries.

>> reporter: these high gas prices have people thinking twice about supporting president biden in november. >> reporter: gasoline prices vary across the country. >> economies air band flow. >> reporter: high prices overall, political liability, people getting pinched from the grocery store to the pump. >> the white house might be concerned that they sell break their move to sell gas from the reserves to lower prices in time for summer vacation. taking credit for gas by the gallon going down. in the past, they haven't been in the mood to take the blame for gas going up. >> you said the president was responsible for gas prices coming down. is the president responsible for gas prices going up? >> it's more nuanced than that,

you know this. there have been global challenges we have all dealt with. when i say all, i mean other countries. >> reporter: the biden team may be banking on voters saying the issue is very nuanced, not blaming biden for it but pointing the finger at somebody else. >> counting for all the steps following that. there you go. >> and since president biden came into office. how much does the price we are paying at the pump and support for donald trump, how does that correlate? >> prices at the pump are one piece of the puzzle, the

feeling that of they cost more than they used to, life was overall harder than it was paris pandemic under donald trump. the specifics of the promises donald trump was making at the rally are less important whether it is drilling, nuclear or whatever the energy promises trump is making are less relevant, donald trump is at least acknowledging that it is a problem and saying he will fix it and things will be different and we will do things differently. what we hear from biden's everything is fine, if you think it is not find you don't understand economics but the numbers are fine and we heard that from the democrats saying it's going to be fine, just keep doing what we are doing but people don't want to hear that. edward: the president's energy policies don't lend to lower gas prices. is there a level the president wants to see in gas prices where it is acceptable to him where he believes it is acceptable to the american people? >> she wants gas prices as low as he can get them but i would

point out we are producing more energy, fossil or clean energy in america than we ever have under president biden, more than we did under donald trump. we are drilling more, doing all of that. the press secretary was right, these are global problems that impacted other countries, a war in ukraine and russia. a supply chain shortage. when gas prices went donald trump left office were dramatically lower than they normally are, people weren't driving, we were locked in our homes during covid. the spike is greater than it normally is. the president is doing what he can to lower prices because voters vote on their pocketbooks. edward: policies are restricting and we are drilling more oil on private land, not public lands, restriction releases and the restriction for the amount of area that can be, it all points to depressing future investment in oil going forward.

can the president overcome that or is he hoping americans get used to higher prices? >> i don't think he's hoping we will get used to it because he's focused on how we lower them and the more domestic energy we produce the lower the prices go. i think there will be a spike in the summer because there will be more people driving. in october and november. gas prices, the determining factor on who you vote for. edward: 49% are gas prices a major problem, down from june but if you add those saying it's a minor problem, 84% we are talking about. republicans successfully pinned this on president biden. >> reporter: not just taking gas prices in isolation, there are factors that go into it that are outside biden's control. what we are hearing from the biden camp, everything is fine and it will get better.

you are not hearing an acknowledgment, the grocery store and rent an apartment or to buy a new car. trump is the only one promising change. >> appreciate it. thank you for being here on set. crowded airports, and record-setting weekend. ♪ ♪ ♪ ♪ welcome to the roots of our legacy.

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>> aaa says 44 million people will travel this memorial day weekend, the busiest in 20

years. with his bags packed, how many people are traveling? >> not leaving until tomorrow. 3. 5 million people expected to fly according to aaa. it is up from last year, importantly up from pre-pandemic levels. if you are flying this weekend, aaa says this will be the busiest memorial day weekend since 2005. one of the reasons for that is airfare for memorial day weekend averaged $260 a ticket. sounds like a lot, down 10% from a year ago according to the travel booking apps harper. when we talk to flyers, a lot of them are noticing these lower prices. >> i would say it's more expensive especially the closer you got to the weekend. a month or 2 ago, it is double the price.

>> >> we would like to see them come down? >> neither are the problems at boeing. one flyer, airbus planes to avoid boeing planes for now. boeing put out its third annual safety report. the first two months of the year on alaska airlines flight, submissions from its employees raising safety and quality concerns increased sixfold, 500% compared to the same period last year. boeing has a long road ahead when it comes to safety and improving quality of its manufacturing practices. edward: you try to instill confidence, i figure you took

that assignment because you hopped on the plane. have a good weekend. mark murphy is here. airlines. are they prepared for the summer travel season? >> as far as they can be. inflation impacts, energy costs impact the airlines and a bigger way than any industry so they passed it to the consumer. consumers are squeezed at every level but post covid boom we see in travel is continuing on but it is separating classes of people that can save up and those getting out of the neighborhood. they focused on that. boeing had a lot of issues, it was a couple weeks ago. they have the same problem.

increasing labor costs, shareholder goals and that doesn't always work in this environment. edward: is the faa prepared. >> like most government agencies, if you look at the faa, guaranteeing safety and open. should i not be flying? should i be worried about it? most people face cancellations as a result of mechanical issues and you have a better chance of getting mugged in new york today and having an issue on a plane. edward: airline prices dropped when we look back to the day president biden came to office. airline prices up 26.4% and

that is squeezing budgets. domestic travel increase, only 15 seconds now. >> domestic is up huge but hotel rates are dramatically up huge, the cost of travel is up dramatically and you won't see that for a long time. edward: people are making choices. mark murphy, travel expert, we will come to you anytime we have travel needs. brian brenberg and "the big money show" will take you through the next hour. it is losing steam. we see what they can do on "the big money show". brian: i am brian brenberg. jackie: i am jackie deangelis. taylor: i am taylor riggs. brian: donald trump bound to make new york city great again and add a massive rally in the south bronx where he was