ashley: i am going to go with michelangelo because he may have been hanging upside down when he painted the sistine chapel. i will go with number one. stuart: that is good. lauren: writing from right to left. berger charlie. stuart: i'm going with vincent van gogh because he was a little crazed. leonardo da vinci, he called it mirror writing when he wrote from right to left. there is no recorded reason why he did this. just fooling around, i guess. don't forget to send your friday feedback this week. keep it short and pithy. varneyviewers@fox.com.

adam: past and present, remembering an epic battle, 80 years ago and signals europe is sending the world this very day not only about wars without end including ukraine today but something that seems so monday by comparison, happening this same day. interest rates are coming down. the european central bank cut for the first time in five years. no comparison to the epic invasion launched 8 years ago this day on the european continent but things over there continue to send reverberations beyond the european continent. normandy is the beginning of the end of a war we thought might never end. in a weird way, what a born european central bank did today could signal a global rate check, may be about to end. as plain as day and so are we. i am neil cavuto. markets grasp the enormity of

what's happening, but they grasp the significance of a rate cut that might have reversed a painful economic curse. that's the hope whether it was launched by the european central bank cutting rates a cordova percentage point. steve more, what he makes of all of this. i promise he is here and coming loose the fact is we are going to follow that. this could be a telling develop it as rates go down in europe, canada hasn't done the same. the first major g-7 nation, in response to the pressure, this could cut rates. and market caps that are eye-popping bully over the top. the number 2 market rated company. rated company. microsoft is higher. kelly o'grady.

>> reporter: nvidia's run continues. apple is the second most valuable company. it is flitting back-and-forth with the iphonemaker as we go to the 10 for one stock split. there's a lot of options activity as traders make short-term bets, the bigger race to watch, nvidia inching closer to microsoft, bear market valuation around 3.15 trillion, but the shipmaker close to $150 million in market value alone so the number one spot could be within striking distance. it is a battle of two ends of the ai game. the company, nvidia, that powers it all versus the consumer facing element, facing headwinds from the ftc and the doj.

and the doj take the lead on whether nvidia has violated antitrust laws where the ftc would dig into microsoft and open ai. on the microsoft front, the ftc is looking at whether it structured its deal with inflection to avoid an antitrust review. acquisition would have triggered a review but it's maureen i like seeing -- licensing deal. they say we take legal obligations to report transactions under the hsr act seriously and confidently have complied with those obligations. back five years, we did something similar, made one of these deals regarding big tech. the government has sued google, amazon and medicines than, and they haven't hurt the stock performance yet.

neil: you explained it in ways that i can understand. my next guest following this, nvidia splits tomorrow 10 for one. that usually ignites retail interest even if it doesn't make a difference. what do you think? >> trees don't grow to the sky. look at the total capital markets, $110 trillion, all us equities, all us debt, $3 trillion company meaning if you make one hundred thousand dollars a year, are you indirectly are direct the spending 300,000, everything will person, it usually does but jensen wong filed to sell 730 million shares. and the doj sniffing around.

julie: this could have been used as an excuse to solve them down. $18 billion worth of shares. >> a 10 plan filing, the full case is trading at 45 times earnings, growing earnings at 30%, 70% margins, your margin is my opportunity. i don't think all these companies will let them take all the share. he you will see some competition from intel, amd. neil: people look at forward earnings. and the earnings seem to justify it. >> if estimates are correct, it's not overvalued in the sense that it can grow 35% a year, what's questionable is whether the 5 year growth rate of 40% is going to be the case because i do think competition

will come up and i think that's underestimated in the market. neil: kelly touched on it, why now? >> they saw what happened, got to it too late and couldn't to do anything about it. the bulls talk about nvidia ecosystem where they develop their software platform and the doj wants to make sure they don't run into a situation where no one can get in and all the other competition and pricing power in the dust. neil: what about the nasdaq itself? the magnificent 7 and all that, not as disproportionately as they once did. the federal reserve, interest rates, a sign of things to come. >> this is a seachange, starting a global coordinated

central bank, switzerland, sweden, canada, the ecb, and we are next. probably september for sure and september, december if we get two cuts. in the labor market, a little strong on the continuing, we will see tomorrow is a big day and inflation numbers next week. european ppi, producer prices, were negative this week. neil: justified doing what they were doing. there's been such built-up expectations for a rate cut. >> by the rumor and silver news. all the companies that have to refinance debt among the small-cap companies will hit that window and markets will view that positively if we look at small-cap flagging for a time.

once we get a cut or 2, refinancing, the ketchup trade some. >> it is a good half year. everyone is sticking around, it would seem. >> since 1928, what we are in right now. they are the strongest three months in the year with average gains of 7.3% of the indices. we may get that summer rally before choppiness before the election in the fall. neil: when does the election away on the markets? >> august, september, october we could see more volatility. neil: steve more is back with us, former economic advisor to donald trump bankrolling a future trump administration.

always good to see you coming your thoughts on what you did today, to thomas's point it follows a trend with rates going down in canada as well. are we next? >> it is a little bit of rational exuberance. look what is happening with prices in the united states and europe and around the world, i failed to believe that we solve the inflation problem. if you look at what happened with the recent months, we are running at an inflation rate between 3. 5%, 4%. that is above the fed target, 2%. the number, 2% throughout trump's presidency. i'm worried about inflation.

i wonder if experts at the federal reserve board and economists, i wonder if they go to the grocery store or the gas pump or pay mortgage bills. i guarantee you if you ask the person out on the street, you think we solve the the inflation problem 90% of them say no. neil: inflation is a worldwide problem but not as much of a problem, going in the reverse in much of europe. you can see justification for doing what they are doing but i get the sense the federal reserve is under enormous pressure, way beyond politics, the market is going to do that. >> exactly rate. wall street loves cheap money. there is no question investors want to see the rate cut.

i could maybe see one rate cut. you've got to get inflation back down. i like to look back at the 70s because i lived through that, you lived through that. you have periods when the inflation rate could come down and then it would shoot back down. if you look at the chart of inflation, you see that. is premature, i want the fed to be an inflation clock. they've been too loose on money. if you want to bring inflation down, the most important thing to do in washington is not reside with the fed but with congress and the white house. we are on pace, it is in a recovery gear, $1.6 trillion in a recovery. does that make sense? it.

20 piling up before covid. not saying is that going to change? will he make that a focus, talking about it. will anyone do anything? >> we better do something. this titanic is headed toward -- you know that, i know that. what donald trump will do, for full disclosure, we will increase the supply of goods and services to increase oil and gas production. what happens to the price of gasoline at the pump, it falls. to extend the tax cut. i am biased but i think we should bring inflation back to

the 2% level and that will be good for investors. neil: you are not on the short vp list but you are on anyone else's list for a cabinet position. >> i want to be the treasury secretary. just kidding. might be your buddy larry kudlow. trump may steal larry kudlow. neil: we won't let that happen, all bets are off. steve more has a very big office. i just wanted to put you on the spot and embarrass you. i always fail. thank you so much. a lot has to do with what you are doing whether you are in a move to spend, when it comes to cruises americans are at record levels. next. ♪

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have occurred. tell your doctor if you have an infection or symptoms, had a vaccine or plan to, or if ibd symptoms develop or worsen. it's good to be moving on. watch me. move, look, and feel better. ask your rheumatologist about cosentyx. her uncle's unhappy. move, look, and feel better. 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. >> 4, 3, two, one.

we have liftoff. neil: i always think elon musk is always watching, another successful once, the test flight of starship rocket, first time it had that. the fourth starship test flight. another milestone, it shows the development of a mammoth vehicle, an hour after lunch, starship is "cavuto" i reentry. sometimes the rockets explode to avoid any harm. not necessary today, reentered the amateur, no problems, the company confirmed the rocket splashed down in the indian ocean and completed the mission, this will lifted off from texas. if it continues this trend where space x is dominating all parts of this, we keep an eye on that. don't know if my next guest makes everything that goes into space yet but it will be cozy

for you because he runs norwegian cruise line, the president and ceo, consumers might be pulling back, some might think twice about it. hasn't hit the region yet. very good to have you here. tell us how it looks. we aren' spaceships this week but our cruise ships are comfortable. demand is very healthy. we are at a record position at the end of q1, we are not seeing cracks in consumer demand, ticket sales are up 20% year-over-year in terms of dollar amount. a healthy consumer environment. neil: it's something you have to think twice about. a lot of them tend to commit it

many months out so looks like the trend is your friend but are you worried about a slow down, the same thing they are experiencing, cutting rates? >> i saw that announcement out of your. most of our demand is for north american markets, 87% are sourced from the us and canada. we see the economy on target demographic which is the upper-middle-class, very healthy so we are not seeing cracks in that demand right now. neil: with the dollar so strong, it pays americans to go abroad. they are getting it back and not paying as much. our lot are itching to go far. >> a healthy part of our deployment, based in europe

over the summer months and we provided a good venue. and exclusive experience. and lots of onboard amenities included in price. cruising represents fantastic value when against the competitive set. cruise vacations only make up 2% of the overall market. and the latest research shows representing 30% to 40% value discount of equivalent hotel, coming on to that. neil: once you start on a cruise, that is your hotel so i see the appeal of that. royal caribbean launched icon of the seas.

can you go overboard on that? >> there's a limit to this but i want to keep in mind, different markets for different guests with a different market, to reach a cruise line. the oceanic cruises, and the luxury brand and those demographics that were targeting, with the clientele, and assault smaller shift to go on. neil: the post covid world, cruise lines handle buffets and food. how is that going for you guys?

>> immediately after coming back to service in 22, with better filtration, but her guards on the buffet, paying more attention to help things. a cruise ship we believe is one of the healthiest places to take vacations on. the other outcome, we came back to service we saw supply-chain disruptions but it is back to normal. it is flat year over year, position for us to be in. neil: the norwegian -- the business boffo here. and talking recession where bifurcation, dichotomy and whatever you want to college. consumers were retrenching a little bit. the economy, strong consumer, does that remain? we have been following that closely.

following the president of the united states in normandy for the eightieth anniversary of the invasion the changed the world. what we are learning about that gathering and the people who were there, after this.

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>> soldiers, sailors and airmen of the missionary force, we are about to embark on the great

crusade for which they've given these many months. the eyes of the world are upon you. the hopes and prayers are blue "america's weather weekend" people, >> the largest amphibious assault in human history. general eisenhower had two letters, and and not take credit. when he returned 10 years later. and they are still alive, quite a few showed up today. at normandy. jackie heinrich, one of those include the president of the united states. >> reporter: 25 heads of state

to commemorate the 80th anniversary of d-day. the real stars were the world war ii veterans, many of them 100 years old, drawing parallels between us efforts to stop nazi dictator marching through europe in the 1940s, and russian president vladimir putin. >> democracy at more risk across the world than at any point since the end of world war ii since these beaches were stormed in 1944. now we have to ask ourselves do we stand against tyranny, against evil, against crushing brutality, the iron fist? we stand for freedom which we defend democracy. we stand together. my answer is yes and only can be yes. >> reporter: president biden recognized the americans who lay down their lives on d-day to help end the tyranny of fascism across europe.

and defended a new policy, allowing ukraine to use weapons to take down the army inside russia. >> used in proximity to the border. >> reporter: putin suggested amounts to direct participation without making a veiled nuclear threat. >> this is their direction, against the russian confederation and we reserve the right to act. this is a path to very serious problems. >> reporter: biden said the autocrats of the world are watching to see what happens in ukraine and warned the battle against authoritarianism will only be aided by isolationism.

neil: when you take the politics aside and realize the enormity of the event, think of these incredible men who were there, 400 survivors continuing today, some of the hundred years old. that the average age of the normandy survivors today. no one checks your party affiliation, it did unite a lot of folks. former fbi special agent, not going to try. >> differences over ukraine. for these guys, these heroes and that generation, it was a reminder what we are capable of. it is in our dna.

>> it is great to be on with you. these individuals didn't just answer the call to go. they lied to get in, strove to get in, family members that were home in the united states that their life was consumed with supporting the troops whether it was going to a factory and making parts for tanks or planes. the whole united states citizenry came together. what you see in these individuals is a snippet of the citizenry, when something occurred and in this case, true fascism that we were fighting, true tyranny, they responded to that call not only for our own freedom but the freedom of those individuals.

and that's the issue we have today, that spirit to step forward. some stepped forward, one% of the population serves the military but in the cases in world war ii, that generation, you had to keep some of them out, they wanted to serve. neil: no global incident when committed to that incredible service. and talk about an elite group. didn't have to do that. it's getting more personal and you don't want to tell me. what made you say i want to help my country? >> i grew up extremely poor, when i got to the point of making a decision, i majored in philosophy and religion in college and realized may be what i wanted to do was go into service, i felt the calling was that way, changed my major to political science and psychology and started training after i met a seal, decided

that's what i wanted, studying the book of job in the bible and job had everything taken from him. it wasn't his choice. he was a righteous man. i was called to give up everything. anyone who has been through seal training will tell you you give up everything when you go into seal training. these individuals are our legacy you see on these podiums. they gave everything. i felt i was duty-bound to give up everything and serve this nation and answer the call so that is the story why i chose what i chose to do. neil: amazing young man. i want to know what makes you guys to, i guess it is just decency, thank you so much. this whole generation, we feel is lost upon us, since the greatest generation, it is not. he is living proof it is alive and well.

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first psoriasis, then psoriatic arthritis. it was really holding me back. standing up... even walking was tough. my joints hurt. i was afraid things were going to get worse. i was always hiding and that's just not me. not being there for my family, that hurt. woo! i had to do something. i started cosentyx®. i'm feeling good. watch me. cosentyx helps people with psoriatic arthritis move, look, and feel better. it targets more than just joint pain and treats the multiple symptoms, like joint swelling and tenderness, back pain, helps clear skin, and helps stop further joint damage. serious allergic reactions, severe skin reactions that look like eczema, and an increased risk of infections, some fatal, have occurred. tell your doctor if you have an infection or symptoms, had a vaccine or plan to, or if ibd symptoms develop or worsen.

it's good to be moving on. watch me. move, look, and feel better. ask your rheumatologist about cosentyx. her uncle's unhappy. move, look, and feel better. 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. neil: they will play that song for donald trump in san francisco.

a big fundraiser, big doubts about that but one by one as charlie gasparino can tell you people changing their minds looking at it as more the binary choice. >> it's going really well. a lockdown on information, a few people are attending. trying to get some stuff out of them. they are bringing public officials, they asked me not to mention public officials names. apparently the place would be swarmed by media. we will see if the blackout is under wraps. the fundraiser that i covered last week in new york following his conviction. the sugarcane baron of south

florida, the top wall street guys off the record. >> wise this blackout, who is imposing it? charles: it always leaks out. tomorrow morning i will have some stuff and we will know what went down. neil: will eventually be on record. charles: this is not cheap. $400,000 for a couple, it's a lot of money. let me tell you something. most of silicon valley does not like trump, mostly liberal democrats and very work. there is is a contingent on silicon valley, this is an interesting story of non-woke techys that are sick of cycling laugh of freedom of speech stuff, the far left stuff.

and was way ahead. he was there right at the field. there's a cascade of more and more of them, mark andreasen and this one and that one. i've had enough. neil: are any of those names this thing? charles: peter fielding, don't think musk will be there. david sachs is the tech billionaire who is pretty plugged in. neil: there was more going to the donald. neil: charles: watch joe biden at the dj celebration, there's lots of memes out there about what happened. a little scatological so to

speak. there was something missing and between that, the far left of the democratic party which a lot of people feel is controlling and very totalitarian. and anti-israel, that's definitely not me. put that together and you will lose some techniques. neil: you heard criticism on the part of republicans the democrats are weapon icing the justice system to extract revenge and go after the donald. now republicans doing just of the same. i caught up with mike johnson and asked the same in reverse. are you now doing this to go after democrats, doing what they have done? are you weapon icing the house the same way you say democrats

were weapon icing the doj to get what they wanted? are you doing it in a bigger platform? >> a clear distinction in weapon icing the judicial system. there undermining the faith in the institution. what we are doing is the opposite. we are trying to adhere to the rule of law, to use the authority and responsibly we have in congress to ensure they can trust our justice system. neil: in the eyes of the beholder, not here to judge, we get the news out there. access reporter on this. a little bit of tit for tat going on? >> yes and no. what the white house and the biden administration are saying as they are pursuing these cases as the facts merit, alvin bragg clearly ran the manhattan

district attorney clearly ran on opposition to trump and gave a strong hint he would go after trump so politics is at play. donald trump is speaking at the charlie kirk event in phoenix, charlie kirk has been very clear republicans need to get creative in going after democrats at all levels. the question is how much of this is rhetoric and how much of this is real? for donald trump it is very real. we don't know on the other side because republicans are in control of the white house and the justice department. neil: the former president has begun to make it clear, revenge will be success and the economy will get better and all that but he has intimated what the other side has done to him he might just return the favor, and republicans in the house of representatives, where is this going?

>> the president suggesting, not as far as supporters like steve bannon, bannon is saying retribution, revenge. what you do see from the president is using the guilty verdict to increase fundraising and it goes to thursday a week ago the decision came down there has been symmetry between what the biden white house and the trump campaign is saying about the verdict. the initial take was similar. this will be decided, the real verdict will be november 5, 2024. the biden campaign, the president himself are leaning into this idea of trump being a convicted felon, they have a billboard in phoenix. calling him a convicted felon from the democratic national committee.

trump is leaning into it. using it to raise money, using it to black voters and african-american voters and processed it. talking about polls and polls, don't overlook them and don't look at them like the sun but i'm curious to see what the polling does after the public processes this conviction. neil: still time to go on that. you mentioned steve bannon, federal judge ordered him to jail, this was her response when found guilty of a subpoena for the house select committee. i could see the continuing theme, not they are as close as they were how republicans are persecuted and how this could be a campaign tool. >> donald trump leaned into

this last night. in the sean hannity interview, if jail is on the menu i don't think he's shying away from it, he's prepared to do that. i would take a pause here. there have been political prisoners, people incarcerated in the country but we don't have a long history of it. in south africa, people campaigning from inside a prison and it is something new for this country, eugene debs was in prison, ran as a socialist presidential candidate. martin luther king was in prison. this is totally -- charles: this would be a little different. >> this is new for the country and it is unclear how we process this.

neil: in the meantime, a wild ride. what is interesting is the profile on the ceo, he says he works from the moment i get up to when i go to bed, work seven days a week, when not working, thinking about working and when i am working, i am working. ♪ ♪

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>> this workplace evolution segment sponsored by the best teams in business unifying people, work, and content. adam: judge judy in the head of nvidia both admire those who work hard, they work hard themselves, she is among those who admires those earliest to

work and staying latest. anyone who does less than that is nothing to them, she didn't say that but that was the message. then wong who founded nvidia saying i work from the moment i wake up to the moment i go to bed and i worked seven days a week. when i'm not working i am thinking about working and when i am working i am working. would you like a boss like that? inspire you? intimidate you? make you wish you gone to a different place? a lot of those workers getting enriched doing this. there's work/life balance in all. jessica, what do you think of the message? work hard, make work a focus, presumably enjoy it? >> there's the message that he intended and the message that i think people are hearing. if you keep listening to that interview, he's not working on sending emails, he's working on

what might be next, spending time in the imagination space. i love that he is spending time doing that. and to stay super late. and -- >> was a caring about that passenger send a warning shot to workers, don't take this for granted. i lived to see it in my lifetime. >> he is smarter than that. that's very old school leadership to be saying got to work hard all day long. do you work seven days a week? neil: six we raise a point. it is all about attitude, steve jobs was famous for coming up

with all these things when he was immersed on computers, the silly iphone, maybe we don't appreciate the value of that. >> i think people are different, different generational labels we put people in buckets, what young people think at all people think, they are workaholics and lazy people out there and, the companies that succeed. neil: i have to go to lunch right now and are each a croissant but the work messages alive and well. we talk about balance. whatever job you get you better like it because they are devoting a great deal of time to it. taylor riggs and cohorts on "the big money show," work hard and get your own show.