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tv   Varney Company  FOX Business  May 28, 2024 11:00am-12:00pm EDT

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don't like what joe biden democrats are doing to politicized judicial system but it's running people into the
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arms of donald trump. >> democrats forgot about the issue, their whole campaign was messed up donald trump and make him a felon, it's not working. >> we have to be cautious help joe biden is emboldening our enemies and adversaries to do more. >> if that typical american family took an $8100 annual pay cut compared to when biden took office, of course they feel terribly about his economy. they will not win this election going out because they lose on every policy issue. they can only do it by getting out the vote and demonizing trump. ♪ >> i asked for this and went to the concert sunday and it was absolutely fabulous. the energy of a 20-year-old but
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he's 80. i couldn't go because it was too late at night. 11:00 eastern time tuesday may 28. nice day for the nasdaq, up 88 it above 70000 the first time. the doubt down 140 points. they detect presents a mixed picture, apple, applicable amazon up. can your treasury yield closer to four and a half% again. full 49 of investors don't like that. if you're born 1946 -- 1964, you are a baby boomer. huge increases in the value of homes stopped has made you the wealthiest generation in history so what are you going to do with the money? the new zest unlike previous retirement generations, you're not spending.
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19966574 spent 10% more than they took in 2015, boomers quick spending or saving 1% of what they took in. this matters because this generation is 20% of the adult population and those 50%, more than half of the wealth. tens of trillions of dollars and boomers are holding onto it. why? we are living longer in need security and retirement. we delay retirement so accumulate mark and our children and grandchildren are struggling with inflation and interest rates, they need the inher inheritance. watch out though, the last left has taken notice. they are eager to tap into this wealth. i've got it wrong. they're not tapping into it, they want to take it wealth inequality is a new rallying cry of jealousy. they are trying a wealth tax
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where they take a chunk of your money every year. higher capital gains taxes to take more from you when you make a profit and they want to raise state taxes you cannot pass it along to your struggling children. while the boomers are the target, the could have stopped funding the money is not, you'll need an army of state tax lawyers to keep which he worked for. third hour of varney start now. ♪ jimmy failla with us now. they divorced are not spending money. i they mean or financially cautious? >> financially cautious. the rolling stones who know they feel comfortable retiring in this economy. there still on the road although it had songs, down sugar is next
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on. but they look great. >> did you plan those? >> i didn't know what song you're going to bump into. >> you pulled that into thin air? >> my brain just does things. both of the boomers, i know this to be true because i see a lot of this in my own family. people don't spend money when they don't feel comfortable spending it and they don't look out at this economy i feel like there's any stability for them or the grandkids, you alluded to inflation number one. the other thing is in the previous generation bad for facing social security and right now. they don't know that is going to be the so they are a little more reluctant to trust the system and they'd rather work on our own discipline and that's what you see here. >> financially cautious. >> they are scared in this environment and it makes sense.
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>> two of disney's famous movies aladdin and little mermaid says the company needs to course correction, mayor ties stories not agendas. any chance disney will drop the woke stuff? >> yes, the mother of invention, they need to reinvent their business model because parents are walking away from disney in a way we haven't seen them do before because disney is not about any ei initiative for inclusion, it's making parents want to spend exorbitant amounts of money and they do. and paying interest on the hot pretzel so i bought them tomorrow in 2012 i can promise we didn't buy the 15-dollar pretzel because we wanted to go on a ride called peter pan sexual. we want peter pan, the things that made great. this drives parents like me crazy. disney offended production model
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to grab social justice initiatives like inclusion but if you are concerned about conclusion, we don't charge $150 to get because the prices are keeping more people out from the pronouns so i think the market is going to force the course correction because if it doesn't make dollars, it don't make sense. >> i thought he was a better -- >> i think this two things, they don't want to openly admit that was the wrong strategy part of this is branding trying to make the subtle correction without acknowledging and having it mutiny from the staff because the staff is socially active. >> that's the truth. good stuff. we are going to want you every saturday fox news saturday ni night, 10:00 p.m. eastern. good stuff. the market, hour and a half's worth of business with got the doubt down 160 now. nasdaq is up 60, mixed market today.
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mike is with us for the hour. how soon do think apple can join microsoft in the $3 trillion? >> it could be today. the viewpoint away and they will get back there is news today about iphone cells china pushing apple up little bit but i think there's a lot more. they haven't been part of the rally we had so apple has catch up to do, it will be back up 3 trillion. >> the june event where they put out what they are doing with ai. another boost for apple but when 91 right now. you think they will go back above too? >> i do because as long as they deliver, now you see the iphone cells but you touch on ai, a lot of levers applicant want to generate more profits and that's what they are doing, services and businesses topless left behind like microsoft but it they will get involved and move
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higher. >> nvidia, today there up again $1100 a share worth $2.7 trillion by my calculation and could move up $3 trillion club. they've never been gung ho about nvidia. >> the hard part is when the stock moves like that, it's tough to tell people to go by today but it's a company that has one market share and every time they come out with ear earnings, they tell the public it's not extensive because earnings are growing enough to keep up with the movement so there's letting talk and now the stock is near $3 trillion but as far as chips and artificial intelligence, the other winners so if you owned nvidia, but it keeps going. >> do you have the nerve to brian $1100 a share? >> i don't.
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depending on what you look to achieve you can buy it because if you say i believe in five years or ten years, it's one of the top tech companies in the world than you do bite here. >> not sure i have five or ten years left but lauren is looking at the movers a dicey draft kings moving down. >> down pop% the largest sent decreased since november of 2022. the parent company could face a potential 140% tax hike online was betting that takes place in illinois because state senate has passed a new budget. if the cluster, 15% tax rate could go high as 37%. >> they desperately want the money. >> it helps build websites and provides human resources progress report google is an
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talk by itself of the stock is up 9% on back. >> below lingo. >> language learning up get the prices going up 46%, stocks up 7% at 191 and upgraded the company to market perform they are competent two oh lingo can deal with ai translation services compete with ai. >> will get back to politics the second, by comparison campaign held a press conference outside trump criminal trial in new york this morning. special guest robert de niro and u.s. capitol police chief officer carrie done were all there. trump campaign on back, they called trial election interference consent biden is the real threat to democracy. his organizing the justice system and set there's no crime and the american people see it as a witchhunt, trump will speak after the court adjourned today or 30:00 p.m. one thing for the democrat were
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doing their press conference outside the courthouse, it was significant and loud heckling new york. they were heckled by new yor yorkers, heckling democrats find it significant. one hour says coming borders on jury could lead to an acquittal agree with you like. tik tok star anti- israel protesters if they know what they are protesting. watch this. >> how many years it israel occupy gaza? >> under egyptian control for 20 years and left gaza in 2006. >> i'm shocked they left? >> he offered to give them $400 for the right answer. back be here to tell us if he gave out a single dollar. as a biden allocated billions toward improving ev infrastructure in america but only eight charging stations built under his watch. how the biden team trying to
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her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for.
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president biden vowed to build half a million ev charging by the end of the decade. only eight are completed so p part. from the white house, all right, what is the hold up? >> infrastructure can be slow and expensive to build in the united states but the president of the administration put priority on expanding ev charging network in the country so far it is slow going.
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>> he's not wrong on the purchasing of the 4 million vehicles purchased, to 69000 electric vehicles were sold in the u.s. market, it's up to percent. >> every year more americans by ev. every single year more americans by ev spending her prior. >> only seven or eight charging stations been produced seven and a half billion investment taxpayers in 2021 so why isn't that helping? the president's goal is to have half a million by the end of this decade. >> secretary buttigieg contended and telling a charter more than just plugging smoke device and ground. crews need to conduct utility work and it involves more than just plugging in. it's up just a big blower here, it is long day but the beginning of the rollout in response to
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the comments posted he buttigieg has a tough time trying to explain why 708 electric target patients have been produced with $7.5 billion investment taxpayers made in 2021. republican former president donald trump persistently criticized the president electric vehicle push and congressional republicans wrote him in february thank significant concerns the government is willfully mismanaging the project. the goal is half a million charges by 2030. the u.s. has less than half of that right now. >> i have a feeling they know more on fox so they sent the leaf blower out to drown out your report. just a suspicion. >> i think we're going to talk louder about different report times, we will do an experiment. >> we will see you again later. look at this headline, "wall street journal". roadblock to the ev trans
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transmission, personal politics. lisa, i'm not sure i understand, what art of personal politics is holding up ev's? >> i don't know, kudos for being undeterred in reporting, i was like what is happening in the background with that? you do have to ask, why is the biden administration doing this? three executive order trying to put a gun to the head of the automakers saying we are losing money, we don't want this. he's putting a gun to consumers heads who are not buying electric vehicles. the market is not demanding this so who is? china is, they stand up profit financially and the crazy climate progressives in the democrat party so i think what it shows us joe biden looks at it as a way to use the government to commandeer the
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economy which was what aoc's former chief of staff said the whole reason was behind the green new deal and china stands to benefit and we know there's cozy relationships between him and his family and china for business purposes. >> just let the market decide but i've got to show you this headline. this is important. democrats are in a full-blown freak out over biden's reelection prospects. do think biden can turn it around or is it too late when democrat say this behind closed doors? >> it's never too late and in politics you never underestimate your opponent particularly when we are this far out from november, anything can happen so i don't think he should be underestimated but the challenge for him is his only selling his i'm not donald trump and you look at the polling where there
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is trump nostalgia and people look back on the trump presidency positively and negatively at this current administration so he doesn't have that argument and it's not like you have a solid record to run on as well so i don't know where joe biden goes from here given his biggest campaign argument is taken from him. >> i think the democrats are stuck with the biden tears ticket. the cap persuade kamala harris to step aside because minorities would not be happy. they are stuck with the ticket. >> i hope so. this is not the race i want -- i want donald trump to win. look at what has happened under joe biden. do you honestly think this country can handle another four years of this? we are breaking. >> as a nation. trying to throw political opposition in jail trying to bankrupt them, it's not a
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country that is sustainable so if we want to live in any republic with any freedom it has to be donald trump and joe biden kamala harris are the easiest to beat so i pray for good health for joe biden and that they stay in this race. >> just wait until the trial next month. thank you, we will see you soon. back to the markets, the dow is down 130, nasdaq 81 and above 17000. show me the biggest losers of the dow 30 headed by merck down to adopt%. j and j all on the losers list. ten year treasury yield close to four and a half%. 4.49% right now. price of gold 2382, $25 an ounce. good.was 67000, still they're not. price of oil last time we
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checked was 79 and still is. 79.74. that gas about 250. the average price. gallon of regular report 58. the man in new york city, on a subway and through flaming liquid out followed passengers. not the first time he's done this. full story coming up. donald trump's new york trial, the latest from outside the courthouse. there's a lot going on outside and you will know about it soon. ♪
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the market this morning, almost two hours with the business, split decision. caps on 100 and nasdaq of 83. mike murphy is here with topics. first of all, your picking box on. thank you because you recommended this couple of years ago and i bought it and we did very well. you still like it. >> still like it and own it, the state hasn't moved at all this year, it down% for the year 2 2024. >> i noticed out as you see ipo window getting into investing
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more businesses and now an opportunity to get quiddity from the businesses, i think it should be higher than what it is by now so if you missed it from where we got in the 30s and 40s, you can buy here. a lot of upside. >> almost 150. >> a long-term hold these guys know how to operate, there's a lot more. >> my show long by not? next is disney. >> it's how to pull back from 120 $92100 a share but as jimmy went that out at the top of the show, they are getting away from this woke agenda that the stock price so shareholders are happy so management moving away from back. disney my kids grow up with is a complete can continue to deliver earnings year after year so if they can put woke stuck behind him, there's a lot more upside for disney.
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>> robert de niro held a news conference the biden-harris campaign outside trump criminal trial in new york city. didn't get a hollywood section listen to the hecklers shouting down. >> the country eventually destroy them [bleep] we bow we wouldn't [bleep] with terrorists -- [bleep] >> it's so weird donald trump is just across the street [bleep] >> dinero showed up wearing a facemask i told the crowd trump poses a threat to our democracy, freedom at economy at liberty. the trump campaign responded they say biden is the real threat to democracy and his weapon i think the justice system. we have doing press conferences outside the courthouse. closing arguments underway, eric china's there in the latest?
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lots of events outside the courtroom former president now for the jury by his attorney, blanche. he's echoed what his client said this morning when he arrived in court, president trump thing alvin bragg has not proven his case. >> it's a very same thing. we had a rig institute. >> blanche jurors trump nothing to do with preparing the paperwork and thought he was properly paying michael cohen for legal services because colored was working for trump in his family when he became president. blanche said president trump is
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innocent, he did not commit any crimes. district attorney did not meet the burden of proof. he said the case is not about stormy daniels and surrounding and let the documents and noted michael cohen continued to render legal services when trump was paying him and told everybody he was still trump's personal attorney and brought up : admitted serial wire who lied under oath convicted felon who cannot be believed. he told the jury quote : lied to you. he like to you. the story told you on the witness stand is not true. prosecutors will have their last word later on in closing argument assistant attorney joshua expected to lay out the evidence against trump and say michael collins claims happen elaborated documents. throughout the trial, supporters of the former president here at the park across the street from the courthouse in the former
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president called on a bevy of officials to support him including the speaker of the house mike johnson recently at others today was a chance the other side biden-harris campaign with a news conference around the speakers robert de niro who blasted the former president. listen. >> i love the city. i love the city, i want to destroy it. donald trump was to destroy not on the the city of the country, eventually he could destroy the [bleep] >> could hear a lot of the yelling from the trump supporters across the street yelling at robert de niro and the others. the former president for his part is accompanied by donald junior, tiffany trump is here as well as a daughter-in-law laura showing support for the former president. we are waiting for the jury, summation to wrap up for lunch and continue after that.
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should go to the jury, we think by tomorrow and that will be the chance for the jurors to take control and we shall wait to see what they decide. >> yes we shall. thank you indeed. da prosecutor elliott joins me now. i think we learned something about the judge's instructions to the jury. >> we were hoping the instructions would be posted on the website of the office of court administration. they did not. seven full days since arguing about the parameters but the judge bench he e-mailed the charge to the lawyers around this past thursday so the lawyers had a chance to look taylor summations accordingly. we will know until we hear it in open court. >> we heard the trial could wrap up this week, is not likely? >> i think summations will take up the full day today cap today
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tomorrow as possible deliberations will begin tomorrow middle of the day. >> doesn't make any difference, you are the legal guy, i'm talking politics, president biden will make a statement on the product is in? >> he's going to have to senate one way or another, can't avoid the ramifications and on a serious level, is part of what makes it tough to imagine getting up there trial because the political is so intertwined with the outcome of the case. >> a lot of people have appeared analyzing trial saying they think it's going to be a hung jury, what is you? >> if it looked at home jury, the system by design requires consensus. people have a hard time on any issue on this polarized world, no topic more polarizing than donald trump so if i could conduct a scenario where people can reach unanimous consent verdict, is this one.
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>> if one person ends up and says i'm not going with this, is not present at risk? >> you have to wonder, the judge has gone to great lengths to conceal the identity but it would inevitably leak out and you have to worry, how are jurors impacted by the profitability hanging over them? >> always a pleasure, come back soon. msnbc analyst warning da alvin bragg he should without trump trial jury. >> there are two lawyers on the jury. >> what i would worry about prosecution case, i say this tongue-in-cheek because i rang medications the largest offer the world, u.s. justice department, i worry there are lawyers on this jury, not one but two lawyers about my own experience, lawyers can
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sometimes be overly analytical, hypertechnical and i do worry non- lawyers on this jury may rely on the lawyers who don't have expertise in this area of the law. >> that was anthony cooley but does anyone have expertise in this part of the law? the crimes prosecution trying to prove campaign finance violations, okay fine. the state or federal level, it is all encompassing and you look at new york post cover today it read nothing to brag as an da alvin bragg about edit linked to jonathan turley who says this dismissed for lack of evidence so maybe the lawyers of the jury i like hey people, where is the kind? >> coming up, rashida tlaib accusing president biden of enabling genocide.
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enabling genocide, can you believe that? full story for you. general hospital killed by a group of thieves trying to steal parts from his car. a full report from los angeles next. ♪
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we have an example, a trump when. at issue in another trial, jack smith wanted a gag order for the documents case that has refused to grant a gag order on trump. i called a trump when. more on this later. the state of emergency, civil unrest after 50-year-old boy was stopped. take me through this remark back on the boardwalk saturday night during a fight. this is when families take the
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kids for summer to have fun. access to the boardwalk was temporarily stricken during a state of emergency for civil unrest. arrests were made in issuing the entire summer finding fans as much as 1500. >> if you can find them, you can get the money. former general hospital after, shot and killed during a robbery in los angeles. how did it happen? >> after 3:00 a.m. saturday at according to his family he left his bartending job in downtown l.a. and was working a coworker to her car when he noticed several men around his own vehicle. >> he was parked on the street he said you are towing my car or something and the person looked
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the mask and put his hands up or back up and he was shot and he was gone. >> shot and gone for catalytic converter. the men were trying to deal from his car according to the family. the three suspects escaped in a nearby vehicle. he appeared on the daytime general hospital from 20222022 bringing 160 as episodes and the show is for statement paying tribute to the actor thing he was truly one-of-a-kind and a pleasure to work with each and every day. thoughts and prayers go to his loved ones during this difficult time. his family is left to mourn the 37-year-old at hope the killers are found. >> a huge loss. nothing is going to bring him
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back so we hope whatever justice can be done. >> medical three suspects have been publicly defied or arr arrested. >> jonathan hunt, thank you. here's my the public perceives law and order is breaking down in our cities. a man to couple blaming liquid at a passenger on the new york city subway and he's done it before. >> not the first time, it happened in february also. saturday afternoon middle of the day alleged criminal fire to liquid in a cup he was holding and threw it onto the subway severely burning a writer. perpetrator stole a woman's phone which is how the nypd tracked him down. they arrested him in breaking news, they are holding him to $50000 cash bail due back in court friday. maybe there's a break.
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>> thank you. mike murphy is here. do you agree, there's a perception in our cities that are unsafe. you live in one, you perceive that? >> not only perception, it's reality. people walking down the street, i've heard from countless people who say i have to look both ways when i'm walking down the streets. the worst part, this criminal is being held prison. any terminal should be arrested and held in prison. until that happens, until we have people in office who are going to enforce the law, it's not going to be safe in the big cities because there are too many criminals and they have -- there's no justice when they do get caught committing crimes. >> it's time to show you the dow 30 and see where they are going even. there's more sellers than buyers that would be logical because the dow is down 134 points but that is the state of the market, the out just shy of 39000. talk influencer offered $100 to
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any anti- israel protest who can answer basic questions about the work in gaza. spoiler alert -- didn't give out any money. more about the clueless graduates he spoke with next. ♪ ♪ to see hundreds of miles of tracks. ♪ [vroom] [train horn] [buzz] clearing the way, [whoosh] so you arrive exactly where you belong.
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squad member rashida tlaib is once again attacking president biden for his support of israel. russia cosmic joins us from capitol hill. what did she say? >> sheet continues to turn the knife into president biden blaming him for what's happening over seas. she was posting feverishly for the past 24 hours about what has happened but nothing about the appearance she made over the weekend creating quite a stir so she spoke with the people's conference palestine and detroit, the same event that hosted palestinian activists with some repeating. repeating was arrested in 1991 for running a publishing house for the group called popular front deliberation palestine. that group is designated as a
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terrace organization by the u.s. republican congressman mike now calling for her to be removed from congress immediately. all of this comes as house republicans showcase highlighting democrats divide over israel. speaker mike johnson pressured leader schumer to welcome benjamin netanyahu to address congress soon despite some on the left vowing to boycott the speech and senator ted cruz is going to force democrats to vote on war powers resolution that would compel biden cap administration to abandon that. was built have humanitarian aid into gaza. pro-israel democrat calling on colleagues to stop fighting each other in a shift the focus to fighting, us. >> my biggest problem is right now the reason there is no these fire is because of hamas.
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stop right there, there's no other conversation i we don't have hostages out or a cease-fire because hamas will agree to one. >> keep in mind congress is out this week so we haven't heard any moments from product leadership about her appearance in the conference over the weekend. >> thank you very much. this is fascinating. i really like this story. social media influencer offers $100 but they could answer his questions about the work in g gaza. >> you chanted river to the sea. which river, which see? >> the see of -- new mexico don't know. >> what does hamas say the number one goal is? >> to murder all jews around the world. >> what does it mean. >> i don't know. >> but you have chanted it la
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lacks. >> he is an influencer, he's been on the show before and we like him. [laughter] >> i like you, to. [laughter] >> did anybody get your money? >> i walked away with a lot of money left. a cheap social experiment. >> you had a got out, did they realize that? >> the craziest thing is i really feel like they are getting caliphate concussion. they hate america, they hate israel and they don't even know why, they are just spreading jihad because they've seen it on tik tok. one of the biggest problems is the media is advocating for hamas. we saw two weeks ago the un is no fan of israel, they had to admit hamas is numbers look like they are half of what they've been saying, half the death toll numbers yet they still apply the word genocide. >> one 100%. they haven't made any
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corrections, most of the main outlets like cnn, nbc, they haven't even posted about this yet when any celebrity loses have to body weight on ozempic, it makes the front page. none of it makes sense. >> how you feel? you are jewish, how you feel about people saying stop that -- how you feel about people saying you are guilty of genocide against the palestinians? >> one 100%, the jews went through the biggest genocide in human history but this is part of hamas pr playbook, they have done in same working campaigns to convince the world the people they want data, they want us dead, we are the genocide or's. it's outrageous. >> it really is good mike thanks for being on the show. >> gaza gas lighting. >> thank you. i can't believe how much money
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stuart: we asked the question, how much money is estimated to be thrown into it each day? 12,000. what do you think? >> 9000. the most popular travel spot. i'm going with 9000. stuart: that much goes in every day? you've done your time in rome. >> i will say number 2, 6000. i what to say 3 but i will go a little more. stuart: i will say 12,000. i was going for 3000. the answer is one. 6 million in coins collected every year. the neighbor who throws it, coast-to-coast next.

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