out there, there's no doubt. more jobs than people looking for jobs. i don't know how much longer that's going to last -- cheryl: words the that ring true for the parents who have their kids living with them. gerri willis. >> get preapproved, and i think they're going to cut rates faster than you think. cheryl: are there you go. great show, everybody. thank you so much. tune in tonight, 7 p.m. eastern time, maria bart row homeys -- bartiromo's "wall street." i'm going to be hosting that show. senator ron johnson on president biden's future, and don't miss maria on fox news on "sunday morning futures." she'll be back as well. ash webster, take it away. ashley: i will, indeed. good morning, everyone. let's get right to it. vice president kamala harris joining president biden at the white house at a fourth of july event. the two held hands and reassured

the crowd that he's not going anywhere. however, biden did appear confused ask is lost his train of thought just a few times throughout the evening. now some key democrat donors pushing back. netflix cofounder reed hastings called on biden to drop out, and alabama a gail disney says she'll no longer donate to the party while biden's in the race, but she will support kamala harris. now take a look at this, the economist debuting this brutal a magazine coffeeturing an article entitled no way to run a country. that is a brutal. this as "the washington post" editorial board even wrote an op-ed titled what if biden spoke these words, where they write out a hypothetical withdrawal speech. ouch. today president biden will head to wisconsin for a campaign event in madison. the other big story of the day, of course, the jobs report. 206,000 jobs added in june.

the unemployment rate, though, rising from 4 percent to 4.1%. the highest since november of 2021. to the markets, how they react ad in the premarket to the jobs report. well, as you can see, we're just ever so slightly higher. we are up for the week despite the holiday-shortened sessions this week. let's take a look at the 10-year yield if we can. we look at this every day to see in which direction it is headed. it is down slightly, down 4 basis points at 4.32. let's take a look at the 2-year treasury yield, down also, 5.7 basis points at 4.6 a 5%. 4.65. what about bitcoin? it's been falling, close to a 4-month low. investors concerned about a potential selling after bankrupt crypto exchange mount box is set to restart its repayment plan this month. $55,000, down $34000 -- 3400 and

look at the price of gold. if on the show today, u.k. prime minister if remember shi sunak resigning after conceding heavy defeat in yesterday's elections. labour party's kier starmer preparing to take over as the new british prime minister. if also a we should mention if winning a seat in parliament for the very first time, trump ally and reform party cofounder nigel farage. it is friday, july the 5th, 2024. "varney & company" is about to begin. ♪ ♪ oh, ain't that america for you and me? ♪ ain't that america, something to see, baby ♪ ashley: as a you look through the haze of new york harbor, i believe the statue of liberty is

there in the murkiness as we listen to ain't that america. that a great john cougar mellencamp song. it's a remake, but it's still great, is it not? all right. let's begin this friday morning with the latest read on the economy. 206,000 jobs added in june. the unemployment rate ticking up to4.11%. 4.1. brian brenberg, adam johnson joining me now. brian, let me begin with you. what did you make of the report? not too hot, not too cold, right? >> you're calling it just right. i don't know, the headline number was with pretty good in terms of jobs, but you got these revisions again, down 111,000 jobs in may and april so, again, it's like what's the real number here. i guess we won't know until next month. the unemployment rate ticked up to 44.1%, so that's -- 4.1%, the number of unemployed increased by 162,000, and so i look at

this report, and i see more weakness than strength. and i see all the shenanigans that the i've seen in every other report in terms of the numbers moving around a, ash. ashley: i love that word, shenanigans. >> good word. ashley: i don't know what it is, it makes me smile. it is a good word, it says it all. adam a, what about you? brian's right, the revisions from frill and -- april and may taking a bit of shine off today's report, but what was your takeaway? >> yeah. as we're talking about it, it's imperfect. i'm actually okay with its being imperfect. it's about a shades of gray. in other words, you don't want it to hot, but you you don't want it too cold either. so last month if we saw 272,000 jobs created and then the number we get this morning for the subsequent month is a lot less than that. which is good because, again, you don't want the economy to get too to hot. that means we may have an inflation problem. and yet the number was a little bit better than expected, right? so it's kind of that yin and

yang, that balance. i think it's interesting that we're creating jobs even as the headline unemployment rate is going up from 4% to 4.1%. they're two different surveys, so that's why you have two different data sets and results, but again, the fact that this is imperfect, i'm okay with it. it's the yin and yang in the economy. you want some growth but you don't want too much. maybe the fed can cut rates at some point. the real key, i think, is earnings more than anything else, and they'll start next week. ashley: ash yes. you're absolutely right. no shenanigans, we don't want them. now this, calls are growing within the democratic party and i mean, we've been a talking about this for a while now, for president biden to step aside. i want you to look at this. biden seemed confused and struggled to walk off stage at yesterday's fourth of july celebration. there he is. we've become used to seeing this. "the washington post" editorial board went as far as to publish president biden's hype credit call -- hypothetical withdrawal

speech. ouch. that's the post. brian, do you think the democrats will actually replace joe biden? >> where were these op-ed writers two weeks ago? you've got "the washington post" writing a speech now, and it's like, guys, nothing changed from two weeks ago. if you're writing speeches for him now to get out, you should have been doing it two years ago. so what -- that kind of boils me a little bit, that you've got these guys who got caught red-handed. the debate was hand in the cookie jar, everybody saw it, and now these guys have decided biden's gotta go. i don't think he can stay when he loses "the new york times" and the if washington post, but shame on all these guys for waiting this long and now pretending that they're going to help him do the statesman-like thing? this is not statesmanship. this is getting caught and trying to dig your way out of it. carb. ashley: ash yeah. i'm absolutely right there with you. this has been going on for years and now all of a sudden they're tripping over each other to it's

time to quit, joe. >> right. ashley: take a look at the cover of "the economist." the title reads: no way to run a country. and if then you have a picture of a walker used by an elderly person with a presidential seal on the front. ouch. look, they say biden covered up his decline9 and the dishonesty of his campaign provokes contempt. do you think the president's campaign team and the white house have been dishonest? i mean, i know the answer to that, yes, but my question is, how did this -- how did they push him out for a late evening debate existence donald trump and not expect another outcome? >> yeah. i mean, it almost looks like a setup to me. i'm not a conspiracy if theorist guy, i don't know that it was a setup -- ashley: yeah. >> been duh they knew all the pieces of this. the trail was so clear. they knew where it would go, and they sent him out nonetheless. i think that cover, though, of the economist, again, they're late to the game, in my view. but let's just be clear, it's not about how he walks.

it's not about how he moves. fdr was in a wheelchair. that didn't matter. it's the fact that he can't process, that he can't navigate the responsibilities intellectually, mentally of this job. he's not up for it. it's not his age t not his physical stature, it's his ability intellectually to do this job. ashley: right. >> and that was the cover-up. that's the dishonesty. is and they're still doing it, by the way. today's interview with george stephanopoulos, it's going to be slice and dice trying to make him look good, not the unvarnished thing. ashley: and then you have this, brian, president biden meeting with top democrat governors at the white house this week. cnn reported that he told those governors, look, i need more sleep at a night and plans to stop scheduling events after 8 p.m.. i mean, it would be funny if it wasn't true, right? if. >> well, americans have time to listen to the president after a 8 p.m. you know, when they're home are from work and they can finally sit down and watch tv and see

what he has to say. so he's, what, not going to speak to people when they're available to hear him? if that's why he can't do this job, because everything has to the happen on his timeline. and, guess what? in the world, world events don't happen on your timeline. they happen on all a timelines, and you've got to be ready for it. he's just not ready for what the world has to throw to a president, and that's why he shouldn't be one. ashley: and that is a good place to leave it right there. brian, thank you very much. let's get back to the markets, if we can. yes, there's been less trading this week. light trading. of course, we were closed on the markets yesterday, early closing wednesday. come back in here, adam a adam a johnson. you say july and august typically move side bays for stocks -- sideways generally in these months. so maybe should people sell a little and head to the beach? what do you say? >> yeah, there's an argument for that,s ashley. i went back and looked at the past five years, and i found typically in july and august a

markets rally a little bit, they're sideways to up a little bit, and come sent and october -- september and october, they trade down 5-10 percent. but then what's curious is come november, december there's that rally, that race into year end. so there are two ways to approach this. you can do what i'm doing, which is to stay long. i tend to be a buy and hold optimist. but there are people out there who get upset by volatility and want to sleep at a night. for those folks, i would say, fine. you have a rally right now. and, by the way, stocks are up 15% so far this year with. so put a little bit of profit in your pocket, maybe you sell 10, 15, 20% of your holdings just across the board, and leave it in cash, enjoy the beach. if september, october will come and the market will do its thing, you'll probably get an opportunity to buy it in lore. so for -- lower. for people who get stressed out by volatility, there's a path forward. for me, i will probably just stay invested but, you know, i

can understand why people would want to step aside a little bit. ashley: yeah. very good. but we all do feel reassured, adam, so thank you for that. [laughter] coming up, democrat mega-donors are calling for biden to step aside, some vowing to stop giving any more money until biden is replaced. we'll have more on that story. missouri attorney general andrew bailey is suing new york. he says the first amendment rights of voters in his state are being violated because of the trial and gag order that has prevented them from hearing from donald trump. the attorney general is here next to explain. ♪ ♪

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♪ ♪ ashley: president biden continues to resist calls from his own party to step down. some democrat donors are even to vowing to stop their financial support until bind is replaced. madeleine rivera outside the white house this morning. madeleine are, how is the administration if responding to all of this? >> reporter: hey, ashley. well, the administration is saying concern staying defiant as they have been for the last several day, and the president is doubling down too. listen to some of his remarks at the july 4th festivities at the white house last night. >> you've got me, man. [laughter] i'm not going anywhere. >> reporter: he says it is ramping up voters in battleground states with a $50 million ad blitz and an aggressive travel schedule. after attending the nato summit in d.c. next week with, the

president will do a swing through the southwest and do some counterprogramming in las vegas for the naacp conferences while the republican national convention takes place. expect some off the cuff moments, says the campaign. the president also privately told a group of democratic governors that he needs more sleep and work fewer hours. >> the president reassured us, he did share with me, as a i've shared, that he was exhausted, and he had done quite a lot of traveling the two weeks before. and he didn't make any excuses about it. exhaustion is very real for governors and for presidents, i can tell you. >> reporter: frustrated with the president's defiance, some donors are taking things into their own hands. abigail disney telling cnbc she will not fund the democratic party until the president drops out. another donor, gideon stein, says he is pausing more than $3 million in planned donations to nonprofits and political organizations aligned with the presidential race. that could all propose a threat to the president because it's hard to have a robust campaign

if the flow of money slows down. ashley. ashley: that is for sure. madeleine rivera at the white house, thank you thank you very much. by the way with, house democrats are reportedly trying to shift their focus away from president biden and towards the supreme court. after its ruling on presidential immunity. apparently, democrats are hoping the new focus will make the case for democrat majorities in congress. coming back in the here, adam johnson. what do you think of that strategy? >> well or, what they're doing right now isn't working, so they're doing going to try something else. it's kind of like what we heard with mr. biden. first they said, well, you know, he had a cold. and then people realized, no, that didn't resonate with people. so they said, well, he has been traveling. in fact, he ralphed a9 lot, all the way -- travels a lot, all the way to europe. and then people realized, yeah, that was 12 days before the debate. and now they're saying, welsh you know, the supreme court is really a problem here. in other words, if something if's not working, you keep

trying to shift it, you shift it, you shift, and you can only do that so long before everybody wakes up and says, hang on. this doesn't feel right. it's not right and we're not going to put if up with it. ashley: yeah. people are smarter than that. thank you, adam, very much. >> they are. ashley: they are. the attorney general of missouri, andrew bailey,s has filed a lawsuit against the state of new york. he says the new york prosecution and gag order of donald trump violates missourians' first amendment rights. and missouri attorney general andrew bailey himself joins us this morning. great to have you here, sir. let me start here, on what grounds are you suing? >> well, radical progressives in blue states are using lawfare against president trump to try to hijack a national election, and missouri has a sovereign interest in participating in a presidential election on equal footing with other states. we can't let a rogue prosecutor and a judiciary in new york

upend our right to have access to hear from a presidential candidate, yet that's exactly what happened. this gag order was never constitutional a, there's a strong presumption against gag orders because they violate a first amendment right to speech. the president, president trump, as a national political figure, a chosen political candidate for president has a right to speak to the public. 9 and the fist amendment not only -- first amendment not only protects the speaker's rights, but the listener's right as well. so missourian withs who want to hear from a presidential candidate are being denied that process. this lawfare is poisonous to the democratic process, and this is the mechanism i have the fight back. ashley: what about the judge in the case, judge juan merchan? you fear he's biased. >> yeah, absolutely. look, the prosecutor and judge should have been disqualified from this case from the outset. that is just one of the many items of reversible error that have been injected into the prosecution.

it was also an illicit witch hunt prosecution, it's release pleat with constitutional a errors -- replete with constitutional errors. when the jury was instructed by the judge, certainly the judge and the prosecutor's political motivations create an incurable impropriety. this thing is replete with reversible error. that again emphasizes the point that a it was never about obtaining a lawfully-valid conviction, it was about taking president trump off the campaign trail. and that that a harms all americans, specifically missourians. ashley: attorney general, thank you so much for joining us. we'll be following this with great interest ask and, hopefully, we'll be speaking to you again. thank you for joining us today. all right -- >> thank you, sir. ashley: let's bring back adam johnson. thank you. what do you think of missouri sawing new york over president trump conviction, basically saying the radical progressives have essentially tries to rig the election? that's the premise. >> yeah.

well, two comments, ashley. the first is god bless the a.g.. i think he's doing a wonderful job -- [laughter] he really is. he's standing up for democracy, standing up for the republican party which, strangely, is something that republicans don't often do. they just sort of, you know, take it in a gentlemanly way. well, in, that's not acceptable. which, by the way, is one reason why i think mr. trump resonates. he is our wartime president, and people respect that. he's bringing a little winston churchill into the office of the presidency, and i like that. point number two, or admittedly, i was surprised when i read that the a.g. decided to do that. that's a hard row to hoe, and yet he's doing it which is why i respect him. ashley: very good, adam. thank you for that. guess what? the opening bell ringing about seven minutes from now. we're expecting a pretty mutedded open as you look at the premarket. the dow essentially flat. the dow up -- well, let's call it flat and the nasdaq also up just 23 points.

we'll see how it all plays out. the opening bell is next. ♪ and if i'm proud to be an american where at least i know i'm free. ♪ and i won't forget the men who died who gave that right to me. ♪ and i'd gladly stand up next to you and defend her still today. ♪ 'cuz there ain't a no doubt i love this land -- ♪ god bless the usa ♪ if (bell ringing) someone needs to customize and save hundreds with liberty mutual! (inaudible sounds) (elevator doors opening) wait, there's an elevator? only pay for what you need. ♪ liberty, liberty, liberty, ♪ ♪ liberty. ♪ power outages can be unpredictable, inconvenient, and disruptive to your life,

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switch to a king suite. or book a silent retreat. silent retreat! oh! hold up! earn big with chase freedom unlimited with no annual fee. how do you cashback? ashley: let's take a look at these markets. 9 pretty muted opening. the dow is just a little flat but essentially flat, the s&p and nasdaq. let's bring in our great friend, kenny polcari. great to see you, kenny. okay. 206,000 jobs added in march. what does this tell you about the state of the economy? what are you thinking? if. >> well, you know, it's more than what they were expecting, right? we were expecting 190, came in at 206. but look what they did? they revised last month and the month before that the lower like they've done every month for the past six or seven months, if not longer. they'll probably do it to this report many next month, just revise it lore. we did see unemployment tick up

to 4.11% which is interesting because we do need to see unemployment tick up in order for the fed to really manage their goal, right? we're talking about an unemployment number being in the 4.5-5% range before they were going to be successful in getting inflation if back to 2 percent. so that, i think, was, you know, an interesting, kind of an interesting today that point. -- data point. but i'm still in the camp that we're not getting a rate cut this year. i don't think the other data speaks to it at all. and i know now that, you know, the conversation, the narrative's building we're going to get one in september. september, remember, is just five weeks in front of the election. it's very, very difficult, i think, for fed to convince everyone, oh, they had to do this five weeks ahead of the election without seeming partisan. november and december is one thing. that's post-election. but if they get a september cut, it's going to be very interesting to see how they position itings because they're going to probably option if it as if we need to do this because the economy's going over the

edge which is more negative versus saying, oh, we're going to cut rates because the economy remains so robust, it's all wine and roses. i don't think that that's going to be the story9 all. ashley: i've got 30 seconds. dawning a rate cut is warranted? if -- do you think a rate cut is warranted? >> do i think what? ashley: is a rate cut warranted? is it needed? >> no, no, i don't think a -- i don't think we need a rate a cut at the moment. i think the economy remains robust. i think we have to see inflation come down, so i'm in that camp that we shouldn't do it. but i'm only one lone voice. [laughter] ashley: well, the housing market would love a rate cut, that's for sure. >> yeah. yeah, for sure. but any baby boomer out there recognizes if they do this like they did e in 1979, 1980, prematurely cutting rates, remember what happened to inflation. went through the roof. ashley: that's right. i remember it well. 16% on a 30-year fixed. you thought you got a steal.

kenny, thank you so much, sir, for joining us. here we go, we're off and running. and as we saw from the premarket, flat on the dow coming right out of the gate. down about 8 points or thereabouts. 3m, walt disney, dow at the bottom of the 30 stocks on the dow index. but let's a take a look at a, perhaps, the s&p. again, frat. no big surprise -- flat. certainly, trading is light and investors kind of just taking all in the latest data. there was, perhaps, hopes -- and and the kenny's point -- the unemployment rate going up to 4.11%, the highest, by the way, since november of 2021 which may prompt the fed to say, all right, maybe time to cut rates, but not really translating in today's trading. the nasdaq, by the way, up about a tenth of a percent if as you can see. let's take a look at those big tech numbers, names. we love to do this every day, of course, because they carry so much of the load, so to speak.

amazon, meta, alphabet and apple all moving higher, anywhere from a tenth to a half a percent. microsoft, though, the only one down in the big tech names there, down just a tenth of a percent. all right, looking at individual stocks let's take a look at a fess la. tesla. it's hard to believe, but short sellers losing $3.5 billion in the two days following the company's better than expected report on deliveries. some people got burned. tesla will also, by the way, report earnings later this month. the stock up nearly 2% today. come back in here, adam. do you see more upside for tesla? >> i don't own tesla. i don't particularly care for the company. i don't particularly care for the notion that everyone's going to buy an electric vehicle. in fact, i would argue that maybe everyone who's bought one has bought one which is why sales, though better than expected, are actually falling year-over-year. you know, it's hard to justify paying whatever the multiple is, 50 or 60 times earnings for

tesla when ford that trades at 6 times earnings and yields 6%. i'd rather own ford. it may not be as glamorous, but i'll take ford over tesla. ashley: not a tesla believer. all right, adam. i want you to take a look at a walmart. an illinois court says that walmart must face a class action lawsuit that claims the retailer overcharged customers with deceptive and unfair pricing practices. the plaintiffs in the case claim that walmart charges customers her if at checkout than -- more at checkout than that prices on shelves. find it hard to believe, but what to do you make of that? >> i'm with you. i think walmart has done this country a wonderful service by bringing affordability to americans when we need it most. so, yes, i want to hear the evidence play out in this trial -- ashley: yeah. >> is this something that happened just at one store? if so, that's an issue. that sounds like one bad apple. but, no, walmart's done a lot of good for this country, so i'm

certainly watch watching what happens in this legal proceeding. ashley: yeah. they want to protect their name above anything else. >> of course, yeah. ashley: let's take a look at a bitcoin. just hit a 4-month low after the fed said they're not ready to cut interest rates yet. more than $170 billion wiped off cryptos after a nearly $9 billion payout of collapsed bitcoin exchange mount gox. what do you think of the crypto market? bitcoin back to $55,000. what do you think of the cryptos? >> so i don't own any cryptos at all, i don't own bitcoin, but i do own coinbase. i think coinbase is sort of the last man standing, ashley. ask and, you know, you look at what they've done over the past couple of quarters earnings wise, it's been very strong. i mean, significantly ahead of expectations by, you know, several hundred percentage points. and the other thing that i would say about a coinbase is that it is effectively the back office for any of the blackrock institutional clients that trade

crypto. right? if blackrock is the world's largest investment manager, if blackrock is willing to put its stamp of approval on coinbase, that's pretty good. that's certainly good enough for me. and that's why i do say i think it's the last one standing, so i own it. it's a small position, 2% of capital at cost, so i'm not betting the farm. you never want to bet the farm on anything, not even nvidia. so, yeah, i'm very happy owning coinbase, but i don't own bitcoin. these are volatile instruments, so own them to participate, size them ea cordingly. ashley: very good. all right, want you to take a look at novo nordisk, apparently shaking up concerns over a new study that a links their weight loss drug to a rare eye condition. the stock itself up 11.5 -- 1.5%. they say it's an extremely rare occurrence. >> i think you just summed it up, it's an extremely rare occurrence. so aside from, you know, the headline and what's happening and look at it today, right?

there's the headline and yet the stock's up 1.5%. that doesn't seem to be much of a problem. ashley: a yeah. >> these are complicated drugs, and there's always going to be people -- our bodies are complicated. i know it sounds trite, but to think every drug is going to impact every single different body the same way is foolish. ashley: yeah. >> no, i'm okay with it. continue -- i don't own it, but just look at the market action. that tells you all a you need to know. ashley: exactly. let's look at macy's. the "wall street journal" reporting that investment firms brigade capital management apparently raised their bid for the retailer by about $300 million. that's a lot. what do you make of it? the stock is up, well, because of in this, up 9%. >> very telling, ashley, because this is happening over the same couple of days that it looks like nieman marcus is going to get bought by the parent of sak's fifth avenue. so, you know, for all the doomsday folks out there who

said, oh, brick and mortar retailing is dead or commercial real estate is dead, you know, here are two very big back the back deals that have -- back to back deals that have been prefinanced, that are being struck by people in the business with a vested interest in grow being these businesses. these aren't just, you know, private equity guys who are going the to try to squeeze cash flow. these are operating companies who want to own other large retailers. so, again, i just -- i think that's an important tell. and it's a reminder to all of us to just, you know, take these news items in stride, you know? nothing is ever dead, you know? i think we're going to start seeing bids for commercial if real estate. i say that as a someone who's long boston properties so, fine, i'm talking my own book, but i'm happy being long commercial real estate. high quality commercial real estate. ashley: ever the optimist. you brought some picks with you, adam. the first one stands out significantly. you say boeing.

i mean, my goodness, they've gone through so many bad headlines -- >> i know. ashley: why do you like boeing? >> because when things are really bad, that's when you buy. and while the stock may be down three-quarters of a point today, it's effectively stopped going down. and i think it's very important that a couple of things are happening right now. number one, the company is buying spirit aerosystems which makes all of the big aluminum parts that create a fuselage or a wing. they're buying it back. that was spun out about a decade ago a, right? and they a want to own it because they want to control the quality. that's important. and also you have lawsuits or the threat of lawsuits where they're going to try to say that boeing has acted in a criminal manner? no. that's too much. ashley: right. we ran out of time. at least we got boeing in, and i understand what you're saying. thank you very much, adam. coming up, most americans say they can no longer a afford a summer vacation thanks to the high cost of living. we're going to get into that. van jones says democrats are in a full scale panic over joe

biden. listen to this. if. >> going to be honest, i mean, everybody comes on the air and says all this great stuff, but behind the scenes it's full scale panic. there is a big conversation happening right now about how this happens, not whether. ashley: how, not whether. biden, by the way, is going to be rallying in wisconsin today as a his campaign tries to turn opinion around. we're on that. also check out this hisline: kamala harris desperately youthful pandering is too cringe-worthy to be presidential. ouch. rick chi. >> lot wrote that -- ricky. >> lot wrote that. she is here next. ♪ ♪ oh, yeah, all right, take it easy, baby -- ♪ make it last all night. ♪ she was an american girl ♪

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♪ ♪ ashley: now this, president biden will hit the campaign trail in wisconsin today as he tries to save his faltering campaign. mike tobin is in madison, wisconsin, this morning. okay, mike, what can we expect today? >> reporter: well, you know, it's really a unique campaign stop because it's going to have less to do with what the president says while he's here in madison, wisconsin, and more to do with whether he can say it. this campaign stop come comes a day after "the economist" put out a cover of their pub publication of a walker affixed with the with presidential seal right on the front of it. this as the chicago tribune, "the new york times," most recently an article in the atlantic have called for president biden to step down. as the atlantic puts it, to give democracy the best chance of surviving. democratic governors rushed to the white house on wednesday for an emergency meeting. at that meeting, president biden reportedly quipped his health was fine, quote, it's just my

brain. the president's communication team insists that was just a joke and followed by the comment all a kidding asideful everything from the if biden camp is resisting the push to throw in the towel from a $50 million ad buy to a comment from the president at a fourth of july event. >> we love you, and i really mean it from the bottom of my heart. thank you. thank you. [applause] you got me, man. [laughter] i'm not going anywhere. >> reporter: the awe appearance if here in wisconsin is biden's fifth, proof that democrats won't make the mistake that hillary clinton did in 2016 and take the badger state up -- for granted. it's a quintessential battleground state. you see the signs ors, trump in the small towns. the latest marquette university poll has the split at 50-50. wisconsin's governor, tony evers, will be here. democratic senator tammy baldwin will not be here, she's got her

own campaign event. after the campaign event, president biden will sit down with george stephanopoulos of abc for that much-attempted interview. back to you in new york. ashley: should be interesting. mike tobin in madison, thank you very much. take a look now at this op-ed in "the new york post". it reads, quote: kamala harris' desperately youthful bannering is too cringe-worthy to be presidential. ricky. >> lot wrote that and joins me now. great to have you here, rikki. how cringe-worthy? >> it was pretty bad. she interrupted the bet awards with a cameo with a fake facetime that kind of had the's a nettic of an influencer behind her. she looked more like a tiktoker, and she dropped slang that seemed ill-timed and forced coming out of her. and also just randomly referenced a kendrick lamar song, so i think this is definitely an attempt by the campaign to balance out the fact that they have a very elderly

major candidate. but i don't think kamala harris is the person that's going to get the youth vote and get us out there. ashley: all right. well, you have been busy. you have another op-ed out. this one reads: gen z patriotism is at a record low and no one should be surprised. i mean, why is that? why should we not be surprised by that? >> i think there's a couple reasons. first if, just to put a statistic to it, 4 in 10 gen-zers say our founders are being described as villain as than heroes, so it's dismal in terms of the sentiment in my generation. but it if you look at the civics literacy rate,s, it's the 22% amongst current eighth graders. if you don't know your country's history, why it's so profound that we have the privilege to live in 21st century america, no wonder you fall for propaganda on tiktok that's anti-american. a third of again gen-zers get their news are from tiktok which is a foreign-owned company.

i think social media also plays a role too. ashley: very quickly, rikki, gen-z has become, apparently, so disillusioned with the economy that 33 3 of them either know someone who has committed payment fraud or have done it themselves -- 33. what do you make of that? >> i found this kind of shocking, but the more that i thought about it and looked into the statistics, one thing that a lot of young people are doing is, apparently, flagging credit card charges that they know are valid as fraudulent and getting refunds for it. but i think that part of it is the messaging of, you know, for our entire lives we've been told the economy's stacked against us, that we have no hope, that we're worse off even than the millennials who feel they're in the worst position of anyone ever before, so if you're so disill pollutioned with the economy, why not get a leg up, i think, is really what the attitude is, is sadly. ashley: what a great attitude it is. rikki, thank you very much for being here. >> thank you.

ashley: adam a johnson, come back in here. to the last point, who is to blame for this? indock there try nation at a young age? what's gown on? >> maybe that's part of it. i would say more broadly, ash, it's a breakdown of faith and family. you know, these are the institutions that have for decades if not centuries held us all together as commitments. not just local communities, but as a community of states and a united states. and so i feel like we've just somehow gotten to the point where -- and it started maybe 25, 30 years ago where you didn't have to go to church, you know? you could be spiritual but not religious, right? you sort of make your own rules as you go. ashley: right. >> i sort of feel like the morals, yeah, we need to get back there. ashley: very good. adam, thank you very much. coming up, border arrests of migrant criminals at the southern border have reached an all-time high. border guy art del cueto will be here to deal with that. and beach goers were

terrorized after a shark attacked four people at a popular u.s. vacation spot. yikes. the full report after this. ♪ ♪

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ashley: now this, a scary moment during fourth of july celebrations in texas. four people were attacked by a shark near south padre island. steve harrigan has the story for us this morning. steve, take us through exactly what happened. >> reporter: 11:00 in the morning, south padre island, people celebrating the fourth of july when one shark, according to authorities, about 6 feet long, attacked four different people. one of those women severely attacked. when she came out of the water, bystanders said it looked like her calf was gone. she was known out for medical treatment and did survive, but it's not just texas. an attack in florida as a well. new smyrna beach, the shark bite capital of the world for the number of attacks that there, this time again, fourth of july, 4 p.m. a young man from ohio, 21 years to old.

in the water playing football with friends when the attack happened. people saw him go in the water, saw the attack. many people on the beach were pan if deny panicked. >> the lady came screaming and said i need help, i need help. and the man was kind of limping in, fell in kind of the shallow part of the water. and next thing you know paramedics were coming up to him. you could see the blood coming off of him into the sand. >> reporter: this man also survived that attack. what took many people by surprise in the florida attack was where it occurred. it happened in just knee deep water. >> most of the time if people get bit by sharks they're in the inlet, and the sharks are following the boats in, the fishing boats. >> reporter: last year in florida 16 shark attacks, none of them fatal, but more than any oh state. ashley, back to you. ashley: don't want to go back in the water. steve, thank you very much. i also want to thank adam johnson for joining us for the

hour. above and beyond the call of duty today, adam. we do appreciate it. >> always my pleasure. thanks, ashley. ashley: great to have you here. still ahead, tammy bruce on democrats pressuring biden to drop out of the race. that goes on. art del cueto will be here on a surge of fentanyl and weapons coming across our northern border. steve hilton on claims the media covered up biden's cognitive decline. and new york congressman mike lawler on leaked texts that show deans at columbia university mocked jewish students over their concerns of anti-semitism on campus. the 10 a.m. hour of "varney & company" is next. ♪ i put my hands up, they're playing my song -- ♪ the butterflies fly away. ♪ i'm nodding my head like, yeah. ♪ if moving my hips like, yeah. ♪ i've got my hands up, they're playing my song -- ♪ you know i'm going to be okay. ♪ yeah, it's a party in the usa ♪

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