>> you have to show the american people we're serious about stopping a mass influx. >> janet yellen is right you're not going to eliminate the entire income tax and offset that's going to be good for workers and also make foreigners pay for more of the goods and services coming into the country. >> we're losing our democracy to executive orders and how can a policy like this be decided by a president? did we elect a king? stuart: here we go again, white snake. what's that reference? the big story.

lauren: i know. stuart: it's the program for illegals. i'll talk to the producers later and see. i'll figure it out. it is meanwhile a guaranteed 11:00 eastern time here on monday, june the 17th. on the markets, bit of a turn around and dow is down over 100 and down a mere 19 points and s&p and nasdaq turned ever so slightly positive. show me big tech please. a mixed picture before and still a mixed picture and apple and microsoft up, alphabet, amazon, meta down. yield on 10-year treasury is up 4.28%. there you have it. now this, october, 1980, president carter debating ronald reagan right before the election. carter rambled on about health healthcare. reagan came up with a one liner: there you go again. that was a winner and summed up the country's frustration with a struggling president and reagan won in a landslide. there's a similar frustration today with biden.

over the weekend, he attended a hollywood fundraiser with barack obama and at the end, he stared blankly into the crowd before obama came to his rescue and had to lead him off the stage. it was devastating to the president's image and italy's leader rescued him last week when he appeared to wander off and he had a long stare at a white house event celebrating juneteenth and was rescued by the people around him and what if there was a crisis and the security team asked what are we going to do? if they're met with that blank stare. no surprise, his handlers are trying to keep him out of the public eye as much as possible and they're giving him plenty of time to rest. this week, he has a very light schedule, one meeting today with a secretary general of nato and tomorrow, a white house event on immigration and a campaign event in virginia. then, he's off to the beach and camp david. he may be using some down time

to prepare for the first debate on june 27 . someone should warn him about a there you go again one line fertilizer trump. it worked very well for ronald reagan. third hour of varney starts now. stuart: guests on msnbc fawning over the president and trying to celebrate how busy his schedule is. watch this. >> it's amazing and think about the fact that the president is playing chess and the former president is playing hungry hungry hippo. >> maybe uno. i'll give him uno. playing uno and somebody keeps telling him draw four. for everyone saying joe biden seem as little too old, i don't know about you, but from france doing all these things and coming back to america and going back out to the g7 in italy and

now he's on his way to la right now as we speak to do another event. >> this is a man that meets his moments. he has met his moment over and over and over again. stuart: i wonder who joe concha thinks about that . he's on the right hand side and covering up the cognitive decline of joe biden. what say you? >> absolutely complicit and playing chess like in the clip means wandering off from a simple photo opportunistic with other leaders and that hollywood fundraiser over the weekend when the former president had to lead the current president off the stage and how symbolic that may be getting biden off the stage. the president that also, stu, he blew up the g7 dinner after landing in italy to get rest. and poll after poll, suh, shows upwards of 75-80% of voters doesn't believe this president has the mental fitness of this

job. if he's the golf starter at local county golf course we're talking about, fine, go work at 81 and looking like this and just got pumped with fert freezg liquid. that makes no sense and that video we're seeing is not manipulated in any way and realtime with all the people moving around him and he's completely frozen like a phone that's not getting a good wifi signal in the internet. this is the president of the free world that we're talking about, and the thing about impressions like this, stu, so many americans have of joe biden and have eyes and see falling down the stairs like he did again, too old at this point. the elevator is not remotely going near the top floor and obvious to anyone with an iq larger than this size and got to love it by the way leaving it here, democrats keep telling us behind closed doors biden is sharp and forget what you've seen in public and behind closed doors doing quadratic equations

and doing john gash and this is impression of falling down and freezing up and speaking in odd, odd ways like canables ate my uncle that you cannot erase from the american psyche and going to cost him in november if this continue withs no reason to believe why it won't. >> you'd think so. stuart: the washington post editorial board no less. biden has a polling problem and he needs to admit it. rejecting the polls and relying instead on an ebbings and mall brachy-- anecdotes and practices and it's dangerous for the country and assuming the polls are wrong and mr. biden should assume they're right and act accordingly. i can't believe it, joe, but biden seems to be losing some support in some parts of the media. >> yeah, because it's impossible to ignore it at this point, stu. it's not like we are talking about one or two polls that we're cherry picking and showing that trump is leading in places like north carolina, arizona,

nevada, washington, pennsylvania, and michigan and least leading in tighter places like minnesota, vermont, new hampshire, maine. these are states that haven't gone red in decades and this trend as far as trump leading goes back to last september and nearly a full year of trump being on top of biden and if they want to ignore the polls, roll the dice and take your chances. the bottom line is that trump was never in this position and in to 2016 or 2020 and never leading like in minnesota and if the biden team thinks they can run the 2020 strategy again, they're wrong. i was at wild wood rally a month ago for my book, and trump had one very, very excelling line that really resinated with me. he said, look, i'm more popular than i was in 2016 or 2020 and now it's determine that had if you don't elect me and we don't know what a hillary clinton presidency would look like in

2016 or joe biden presidency in to 20 and we've got a taste of biden presidency for four years and inflation, crime, border, foreign policy and education, it's been a failure by all objective accounts, stu. stuart: joe concha on a monday morning. thanks, joe. see you soon. turning our attention to the market. why not? there's a turn around and it's all green. only just but it is all green. and jason katz with me watching the market. the fate of the market is dictated and back that up. >> i come on and talk about fed and interest rates and look, whether the fed cuts before the election, after the election, whether we get one or two rate cuts, i don't think the market will take it is cue from that and it's a cue from ai and three layers like enables and semiconductors and those language models and you can argue they've walked the walk

and what's the third layer and use layer and application layer and how are we making money from this? the roi and return on investments will be critical and cfo says, you know, maybe we're going to curb our spending a little bit as visceral reaction to the upside, you could get it to the downside the. i'm not suggesting that's what undoes the market and i'm implying that the ai stock and that cohort is far more important to what's going to happen at this point going forward. stuart: they've got to show concrete resultings. have we seen it yet? >> walk the walk. and there's a use case and making lives more productive and see that walk the walk. stuart: i want to see the results, tangible results on the line and more profit. that's what i want to see. jason, thanks for joining us. appreciate it. looking at movers and we have movement in tesla. show me which way.

is it up? lauren: 186 a share. now the shareholders overwhelmingly approved elon musk pay package again. the company votes to the delaware judge voided it and asking her and please consider she's likely to schedule pleadings before july the 86789 moving forward. stuart: disney, they have a pixar movie out. lauren: inside out 2 and brought in $185 million in the debut weekend and second big e ever and that's good news for the summer box office season, which has been dismal so far till this. stuart: capri holding and jimmy chu shoes and michael khors bags? lauren: it's democratic luxury. and citi upgraded them to a buy and lowered price target and there's a signed deal in place

and tapestry to coach and going for capri and ftc trying to block it. stuart: bring all the democratic luxury offers together in the same stock. that's what they're trying to do. and democrats trying to block it. stuart: a rapper from detroit trying to block donald trump. they should feel entitled to the black vote. >> we appreciate him coming to our city. we're entrepreneurs and businessmen. we don't intend to vote behindly. we don't feel no one should feel entitled to our vote and want everyone to work for our vote. stuart: we'll bring you the rapper's full comment a little later and biden at risk of losing the youth vote with that potential tiktok ban and unpopular with gen z folks and could we see him reverse course? we'll dig into it. ice agents are struggling to crack down migrants released under the biden parole program and making sure they show up for the court date. we have more on that, next.

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stuart: ashley, which city in utah? ashley: denver, the mile high city and the a local report in utah said denver paid for tickets for immigrants to salt lake city in may and that revelation sparked a media response from utah governor spencer cox who took to social media and said this "this is completely unacceptable and follows on the failed catch and release policy of biden administration. every state has received illegal

immigrants and utah's resources are completely depleted. denver says many newcomers are from texas or maybe florida have no intention of coming to colorado and the city purchases tickets so that migrants can reach their desired destination and denver says, guess what, salt lake city is one of the most frequently requested. stu. stuart: thanks, ash. washington times report claimed 99% of migrants caught and released in a parole program are now at large. bring in sheriff chad bianco in river side county. they're given a court date in the future and no way to track them down and make sure they show up. is that an accurate statement of reality and how are we going to fix things? >> that certainly is an accurate position, that's an accurate statement and that's one thing

that the government doesn't want you to know is that they're just absolutely releasing these imgarages into the country -- immigrants in the country with a court date 7-10 years in the future and no one with common sense would believe that's acceptable or real. this is basically a free pass into the country and they want no part of managing this or taking care of it. the only way we'll stop it is stopping people from coming into the country. it's plain and simple and unfortunately our current government and administration, particularly mayorkas, is lying to us and they refuse to do anything about it and this will not stop till the border is closed. stuart: there's a new report that we have 7.4 million illegal migrants that were released into

the u.s. and they're 'til here and not including the almost 2 million got aways. i don't think getting them all and at some point they've got to work. what do you say? >> yeah, that's a very long and detailed argument for the future and for public safety. if you're a criminal and come in and commit crime, how many more murders do we have to see on tv from illegal immigrants and how many more home burglaries from these chilien national gangs do we have to deal with before someone stands up as a leader. there's no leaders in any position, high authority position in our government. they're all politicians and they're all doing everything that the administration pes to say in a social experiment, and this is all by design, all on purpose, and we absolutely have to stop this. and as they commit

crimes, no matter what it is, if you're coming here to make your life better is the argument and get away from your country and make your life better, the american dream, that's one thing but there's absolutely nothing in the american dream that allows you to come here and commit crimes against us. and so if that happens, you need to go and very quickly. there's a government position that's completely against that and we as voters absolutely must fix this. stuart: yeah, the solution is at the ballot box and only one available and i don't think president biden has any intention of closing that border. do you? i just don't see it. >> no, he made his intention clear on day one when he completely opened up the border and created this absolute disaster and chaos that we have at the border, and then because it's an election year and because the entire country is

suffering like utah and many states back east that are not border states and many immigrants are being shipped to by the federal government and california ships the majority of the people from the san diego border to other states and particularly states that don't want them. and the sanctuary states are all shipping them to the other states. it is so crazy and ridiculous. we have to change this at the ballot box. they can't come up with solutions only five months before an election and say, hey, i'm going to fix it now that i created this disaster for the last three years and we have to start standing up to them. stuart: i take it that you are supporting trump? >> i am supporting trump. we only have two choices and one is the disaster right now and the other was policies that was thriving when our border was closed and a handle on the drugs and not all but we had the upper hand and now it's just wide open

chaos. stuart: sheriff chad bianco with us. thank you, sheriff. we always appreciate it. new york city reportedly just signed a $41 million contract for migrant shelter. is there a problem? lauren: that's one year contract and there's a big problem and new york post did excellent reporting and they said if that $41 million contract was a no bid deal with a company called doc go and a medical transport company and no experience in housing and not done. they'll manage 1,000 bed migrant shelter that will open in long island city in a former office building, okay. they're billing the city for social workers at the rate of $270,000 a year for salaries and social worker, $270,000 a year. $65 an hour for security, mandatory monthly covid tests, $12,000 cost and each migrant the post says cost the taxpayer $103 per day and not including

the actual shelter. stuart: it's expensive, isn't it? lauren: no bid contract. stuart: yeah, with a company that has no experience of housing. lauren: where is governor adams in all this? stuart: ceo of ai said he'll not hire people based on dei, diversity, equity and inclusion but hiring on mei. tell you what that means. donald trump campaigned in detroit over the weekend and highlighting how biden's policies hurt the black community. did his message resinate? we'll have former detroit chief of police james craig next. ♪

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stuart: we still all green? yes, all in the green. green 50 for the dow, 70 for the s&p and nasdaq. broadcom is sharply higher. lauren: up seven days in a row and announced 10 for 1 stock split and riding momentum and look here, taiwan semi up 2.5% and micron up and hitting new

highs today and they say taiwan semi going to 200 a share and micron going to 180 a share. stuart: tips are where it's at. lauren: yeah. argus initiating with a buy, 21 price target and cash flow in the next year. stuart: lauren, thank you very much indeed. and in 2016, ashley, give me names. ashley: titans of banking industry and jp morgan chase dye jamie dimon and brian moynihan and james frazier and wells fargo charlie shot. all of the people attended a business round table last week to listen to donald trump's policies and earl year trade immigration and moynihan criticized biden's policies bad

for business and trump told top ceos as president he would be better than biden on taxes and the economy and the corporate tax rate should be a 20% tax rate of one point going as low as 15% and that went down well. stuart: i'm sure it did. thanks, ash. stuart: a popular rapper in detroit voicing support for donald trump. liberals the black community is diverse and will vote accordingly. >> we still enjoy president trump and we appreciate him come to our city and we're entrepreneurs and businessmen and we're not the same people that our parents was. we don't intend to vote behindly and we don't feel, no one should feel entitled to vote and they need to work for our vote and want more for officers and voting based on -- ourselves and voting based on personal experience.

lauren: he's black voting for president trump and he's young. contrast that with who's supporting biden. george clooney, 63, barbara streisand was there, 82. wall street journal had a great piece yesterday saying biden needs younger celebrity backers and hollywood stars helping him, all over the age of 50. lauren: still brought in $30 million. lauren: he did, a record for one day event. stuart: thanks, lauren. staying on the campaign stop in detroit and slamming biden's crime bill from the 1990s. what's this? >> biden wrote devastating 1994 crime bill talking about super-predators and that was biden is walks around talking about the black vote and he's the king of the super-predators and he wrote the 1994 crime bill that you talk about so much. i guess everybody here knows about that and especially if you

happen to be black. he was the one with the super predators and republican that if you're going to vote democrat because you shouldn't vote democrat. stuart: former police of chief in detroit james craig joining me this morning. is the messages really resinating with black voters? >> absolutely. i got to tell you, i said this the other day, what i know, i transitioned from a life-long democrat 12 years ago because of failed policies and what has changed under democratic leadership and i was part of a team here in detroit and great changes were made and following the bankruptcy and i would say those two young men and artists came out and you're right, they're businessmen and entrepreneurs and speak for a lot of folks and other people that president trump touched is workers and the local plan and i know a lot of workers and guess

what, they reject ev mandates and they don't want that here. they know and recognize it's going to cost 30 to 40% of jobs and safety and national and local levels and open borders are not working and what kind of spin this kind of administration puts on it and i'm of the opinion i'll take it a spent further than sheriff bianco in your last segment. those cartels and and this is drug overdose but drug poisoning and killing american people and talking to the tune of probably 200 a day. so they're terrific rihannas and should be -- terrorists and this administration has done nothing to treat them like terrorists. stuart: if trump is eating into biden's support in the black community, he's eating into that black support level enough to win michigan?

>> i believe so. i talked to a lot of black detroiters and it's quiet and going very vocal and they know that life was better four years ago on the trump administration and just like he said. things were better from a business perspective and support from law enforcement and they want effective policing in their neighborhoods and how important it is and the black pump and grocery store. stuart: nine people wounded including two children and is there anything the police can do to prevent these kind of attacks in the future. there's nothing to do with the random shootings. what do you say? >> gun control, gun control.

joe biden's citizens don't use guns illegally. law-abiding citizens don't use guns illegally and i said this on the national stage and it's the mental system and should believe this 42-year-old suspect had a mental ill crisis and what's being done about that and in may and detroit and mental health and his sister is broken. we talk about every time we have the mass shooting. stuart: we hope to see you again soon. thank you, james. >> thank you, stuart. stuart: biden's weakness on the world stage emboldened the world adversaries and christian watten

will take that on. lawmakers in washington questioning how to best regulate artificial intelligence or whether regulation is necessary at all. tech expert cara frederick will share her thoughts. she's next. ♪

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stuart: senate lawmakers want to put regulations on artificial intelligence. all right, hillary vaughn on capitol hill for us this morning. hillary, are house republicans on board with plans to regulate ai? reporter: stuart, ruling out any

legislation put in place and licensing requirements and wouldn't approve a dime on research and development and one tech over anothers and scalise doesn't want the government getting in the way of invasion that's happening in the private sectors saying "if there's gaps in the laws, we want to look at them and no heavy regulations and billions of dollars of government money to do what's being done in the private sector and those aren't areas we're interested in". there may be wiggle room to put proteprotections in place to prt ai from infringing like scarlet jojowski hansen what's -- scarlt johansson that's looking into it after using her voice and likeness without permission. it's the way that america can be at top of ai game.

>> let's make the changes and, you know, be willing to innovatr foreign competitors and maintain that lead. stuart: should the government regulate ai? >> stuart, there's room for guardrails, but if these card rails are created n by the government and in shape or form, they have to be pro innovation and have to be pro the every day american. bill gates was great and i don't know what he turned into and you can't allow big tech to have

regulatory capture artifices that they're trying to construct and pushing the government to construct, hillary talked about it with those onerous licensing and certification regimes and clear the way for new stance and small competitors to innovate as well. that's often forgotten when we're talking about tech innovation and it's those new guys when those little guys that are really doing the great innovative leaps here and they should be free to do that. one way open source.

stuart: if you ban tiktok, you luis the youth vote. is it worth it to politicians? >> it's interesting polling that came out in april that flies in the face of that conventional wisdom and that is that young voters 18-34, the majority of them 56% favor a tiktok divestment from the chinese communist party so whoever votes, that is critical and those young voters, once they realize that tiktok is in bed with the chinese communist party, they're saying users of tiktok saying this is not great having that social media platform controlled by a hostile foreign adversary and common sense led the way in that regard. that's a good thing. stuart: try this one, new op ed from surgeon general calling for health warnings on social media platforms and the apps are a main contributor to the youth mental health crisis. do you think social media needs

warning labels? >> he came out saying look at temporal integration companies and pitting children against the best programmers and product designers in the world and asking them to win the battle for their attention every time. talking about this ad nauseam and parents need legislative help and if this helps in transparentize show the -- trans-pansy showing the legitimate harm these products cause, that's a good thing and for the kids at this point and i don't say that lightly. stuart: you have 30 seconds to explain to me why you are hostile to big tech. >> well, i worked in the belly of the beast and at big tech and how they operate and how they care about three things above all, that's their bottom line,

obviously their businesses, but growth at all costs and then those pr fires. they're global companies and global constituencies and don't care about americans because they thrive under the system and want to make a buck and they don't care how the kids pay for it and the un-salubrious effects of big tech coming to how they're shipping their products and asking for forgiveness later. they're net negative, stuart. stuart: a sharply negative opinion to express, come on the show, we'll give you a soap box for awhile. >> any time. stuart: kara frederick, see you again.

ashley: helps other businesses that want to use ai to test the data that's going to be used to train those models if that makes sense. the tech ceo says ai scale scale is a meritocracy and should remain and people should be judged by the content of character and colleagues be additionally judges stuart: it's that time, ash, showing you the dow 30, sense of the market. looks like more winners and

losers at this moment even though the market itself is dead flat and dow is up 9. a young right wing politician in france has a good chance of becoming the nation's prime minister and says people arkoses the country have woken up. question, are europeans finally rejecting leftist politics? christian widen takes that on next. sara federico: at st. jude, we don't care who cures cancer. we just need to advance the cure. it's a bold initiative to try and bump cure rates all around the world, but we should. it is our commitment. we need to do this.

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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.

stuart: lauren, how much is ukraine getting and what are they spending it on? lauren: 1.5 billion and going towards the war torn infrastructure and muay mantarian assistant like food, shelter, clean water and kamala harper laneses are announced the package at peace summit over the weekend in sitz land and the president was in la at the fundraiser. stuart: back to the markets. not much movement and dow up 4 points and got that and nasdaq

is slightly higher. not that much movement and take a look at dow winners and apple up $4.5 and 2% back to 217 on app and will i believe apple is now retaken the number one spot and overtaken microsoft, i think, in the race for most valuable company. lauren: yeah, all over $3 trillion and comfortably. stuart: disney back to 100. that's significant and pixar movie helped them. nike, proctor & gamble and boeing all on the list. a list of s&p winners? yes, we do. auto desk, bio-rad labs and tesla, $185 a share and up 4% a nice gig there. and foreigning and general aerospace trading. lauren: the activist star board value took a $500 million stake. stuart: that helps. nasdaq winners on the list and auto desk, tesla, broadcom and

o'reily automotive and broadcom. this biden video taken over the weekend at fundraiser in los angeles. you can see the president, right in the middle there, is kind of staring blankly at the audience smiling. he's got a blank face and obama reaches over and grabs him by the wrist and walks him slowly off the stage. lyric he does because of arthritis have a stiff gait and doesn't help the optics here but seeing powerful leaders escort him where he needs to go repeatedly. stuart: ashley, come into this, please, i don't want to be seen

as piling on, i want to see this as a public service pointing out the president's problems to the wider audience, what do you think. ashley: he's the commander in chief of the most powerful country in the western world and we're watching him doddering around. it's uncomfortable and strikes me as almost like elder abuse and the question i get all the time when just, you know, out and about and chatting with people is that who's really in charge because clearly joe biden does not appear to be in charge. he's rolled out or staggers out and given reading cards. who's writing the cards? who's running the show because eacher and public appearance appears it's getting worse. stuart: it's that time. almost 11:55 when we check out the monday trivia question. it's a good one. where was the first father's day celebrated? pennsylvania, virginia, iowa, or

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experian helped me save over $1,400 a year on car insurance. though prices keep going up, experian is here to help you save on personal loans, credit cards, or car insurance. start saving now. free. at experian.com or get the app now. stuart: where was the first father's day celebrated, where, pennsylvania, virginia, iowa,

washington, what is your answer actually? >> oh my goodness i'm getting with number two, virginia. >> pennsylvania number one. stuart: i'm good to go with iowa number three on the grounds that is oddball. >> were all wrong. washington. 1910 they convince local leaders to celebrate the great fathers in her city, she then advocated for a national holiday. 1966 president lyndon johnson recognized the holiday there you have a 1910, washington. now we know. time is up for us, lauren, ashley, great stuff we will see everybody tomorrow. we don't have much price movement of the market to report at the moment but i can count you down to "coast to coast". five seconds. three, two, do it. >> here you go again