>> when you look back down and we could see the higgins boat going in there. there was fire and smoke and stuff so it was quite a dramatic scene. >> martha: a hero and a gentleman. you can hear more from him and other world war ii heroes. both parts pacific and europe both available on fox nation right now. next month the story we'll be live from normandy to mark 80 years since d-day. that's the story this thursday may 23rd. tomorrow the story goes on. i'll see you back here as your world begins. station for more. [ ♪♪ ]

>> neil: thank you martha for now forget the dow jones don't take you're eye off of ai. shares soaring above $1000 today as the market value of ai chips tops to .6 drill -- trillion dollars. dreamed up and at denny's years ago, the bidding is now seen as the engine of growth for everything ai. similar to jeff pesos with the plan to cell books online becoming what would become -- starting what would become amazon. so when it comes to nvidia it looks like the newest it company but for how long? this stock in 2000 if you made an investment of $1000 it would be worth more than 1 million today. it doesn't appear done yet. not even close. welcome everyone i'm neil cavuto this is 1 for the record books.

when ever seen a complete toast company like this crime so fast and dominate so many in such a relatively short period of time. all of this juxtaposed against the dow jones industrial that couldn't get out of its own way largely on concerns the economy is doing better and they don't like that. more on that later. first susan lim with the magic of nvidia and what it could. susan. >> reporter: this is wealth creation in america. $250 billion day for the world's biggest chipmaker extending a 100 cent rally this year. and incredible record quarter tripling sales. going for an even bigger quarter this spring time. also rally and today the long-awaited stock split, more average folks can afford to buy and and higher chances for inclusion in the dow jones industrials witch as you know is bullish for the stock price.

it's really all systems go right now. it's an ai tech boom. >> the next industrial revolution has begun. companies and countries are partnering with nvidia to shift the trillion dollar installed base and build a new type of data centre. ai factories. to produce a new commodity artificial intelligence. >> that's right. there are trillions, not billions, children's being spent in this new era and a transition underway. nvidia said their biggest customers are cloud providers accounting for almost half of their data centre revenue. the founder and even richer worth over $83 billion and will crack the 20 richest in the world. it's really a testament to the great system we live in.

a busboy at denny's came up with the idea of nvidia over grand slam breakfast in the 1990s. the american dream which is so similar to the humble beginnings of other trillion dollar tech giants like steve jobs pounding apple. dreams can come true with a lot of hard work and maybe some coffee as well. >> neil: i'm thinking about a, i'm nagin sitting next to the guy he was designing this multi- chilling dollar company and i was saying extra sausage, please. >> reporter: you are in the graduate and apple was just a thought of steve jobs. >> it's neither here nor there, great reporting susan thank you. we've got. is with us.

i will begin with you i want to show the dow a lot of folks at home are doing -- thinking this ai plan is shooting for the stars and it's soaring. the dow's tubman. aaron what happened? >> the big thing with nvidia we have to remember it as is semiconductor which we are not going to go out and buy those ourselves we will probably leave that to the google and microsoft's. the problem is those people, the customers we mentioned are having a realtime making profits out of ai, still figuring out the software and figuring out how to make things more profitable and make it more usable for companies and users like us. so pack while nvidia is able to make these chips and sell them like crazy, it's difficult for other companies to really see profits. that's what we're seeing in the dow, almost out of their companies pulling back and saying we will peep profitable

on ai just yet. >> martha: yes a lot of them i could tell there is this notion things we'll not be easy and an inflationary environment that's easing a little bit. so tim, let me ask you a bit about the ai phenomenon. a lot of people like to harken back to the days of the internet for him. i always like to say to people a lot of those people aren't making money and certainly when it comes to nvidia and always of the players they are, this is the distinction, we are winning for another boom that turns into another bus. what do you think of that? and their -- >> there are some similarities in the internet revolution that started in the mid-nineties. we don't really know where the whole ai revolution is going. 1 of the big differences of what's going on right now is

nvidia and what's going on with qualcomm and elite nineties a lot of customers ended up going out of business and not being able to pay for the product they had on order. where is a lot of nvidia's biggest customers like the 3 mentioned by susan are paying for this product upfront before it's even produced or shipped to them because those companies are awash in cash. when they call up nvidia and say they want to buy 500 of their latest and greatest chips and they say okay send us a check for $20 million. they send the check. >> martha: they want to be ahead of each other. that's a good point. >> it's a big difference from cost -- companies that were like buying things and not being able to pay the bill. >> neil: the backdrop to this,

everyone pays neil: to the federal reserve, some underlying strength that would normally be good news but i guess its pushed back on this notion we're going to see with rates cut anytime soon. it depends on the day i know. where are you on this and what the fed does? >> i think we're going to have some trouble getting cuts this year. i look at some of the commodity prices and energy prices i know the fed like to say they exclude but energy affects everybody's prices. i think we're seeing a big run-up in natural gas that we affects you're bills. >> neil: the american people don't buy it. >> and natural gas is basically doubled in the past month. i think people will see higher utility bills and that's going to affect the consumer. i think expecting rate cuts from the inflation side i don't think we are out of the water yet.

but again as you said it depends on the day. [ laughter ] >> neil: so tim let me get you're sins -- sense of where we call on this. we talked about artificial intelligence it's picked up considerably the past year, it's been around a while. but it is real and not a fake phenomenon. how do you look at it? >> i don't think is a -- it is a fake phenomenon. in 1994 and 1995 when you and i first started to receive our first e-mails, we didn't know, known could have predicted where we're going to be be in 1998. ethically fed a similar situation right now with ai. i don't think it's something that's just going to blow up and go away. but on the other hand, we are nowhere near trouble pair turned, we are in maybe the first inning. we only started talking

about this stuff a year ago. >> neil: you are right about that. leave at innings to go at least. 10 pack great seeing you. aaron gibbs always a pleasure. we'll see where this goes. right now, when you look at what happened in technology, it was limited today to a lot of these m. toshi ai plays. some of these plays lead by this ai powerhouse nvidia that was okay. isolated there for now. in the meantime, a big crowd getting ready to hear from donald trump in the south bronx. alexis mcadams is there. alexis@hey he'll, a lot of people were not expecting to see there were these big crowds but donald trump said he's going to do everything he can to try to turn the bronx as red as he can. i'm alexis mcadams that's coming up next you want it at the right price. that's why this memorial day, we have huge savings on premium kitchenaid appliances. get everything you need

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[ ♪♪ ] >> is donald trump trying to pull a ronald reagan. he campaign in new york city in the south bronx in 1980. a lot of people said he was wasting his time and got into some argument. it all worked out for home -- for him. he made a blue state go read. did it again in 1984 so

there is a bit of history to this. donald trump trying to repeat that. esau and certainly in new jersey a couple weeks ago. better than 100,000, that's a pretty blue state. and now in the south bronx he hopes to do the same and send a message baccarat reagan message saying i can win thereto. alexis is there with more. or@hi neil that's a question voters how. can donald trump turn to deep blue bronx right we -- read? this is 138 acre park and the south wrong spirit will give you a look at the growing crowd. i checked in with the police and they said there are thousands of people. it something you might not have been expecting to hear. the former president coming to the bronx and he will make a hard play for new york focusing on crime, inflation and immigration. people we're talking to

our eager to hear what he has to say including people who grew up in the south bronx like jaden. you got here a bit of bill, what do you want to hear from the former president on the stage? >> i want to hear him repeat and reiterate his promises, closing the border, cracking down on crime and bring economic success. drove item policies have failed. it's failed in terms of the economy and his illegal immigration, the environment. the policies only hurt black people. it doesn't help them. >> reporter: are you surprised to see this much support? you grew up here i doubt everyone is a trump fan here. >> yes a lot of anti- trump people in my neighbourhood but still some of them believe and are coming to vote for donald trump because they believe in economic success and lowering crime. >> reporter: the crime, economy and immigration. what do you notice with the migrant crisis

specifically in new york alone? how hasn't impacted year neighbourhood? >> illegal immigrants are being transported to communities near me and that's upsetting. like attlee help the homeless veterans but instead were helping illegals. >> reporter: thank you for talking to us. neil as you said it's been quite a long time since a republican presidential candidate campaigned hard here in the bronx. take a look at the video on your screen, this is ronald reagan in the eighties. it's a black-and-white video. it's when he was running against jimmy carter. trump hoping history repeats itself because that was the year reagan unseated carter. who believe there we'll be counter protests. in the social media they were saying trump is not welcome in a bronx. we expect to see hundreds of counter protesters according to nypd around 6:00 pm.

>> neil: thank you alexis. we did have the colour version and that's what it was up back then. 1 thing i remember about ronald reagan's appearance in the south bronx in those years ago , people were ready to argue with him and demand what he would give them. ronald reagan would have nunavut. take a look. >> i'm trying to tell you -- >> can you? >> i'm trying to tell you i know now there is no program or promise a person can make that the federal government and cumin and waved the wand and do this. yes paire there is legislation in congress. legislation for cooperation between government. between the private sector. >> neil: a bit of yelling, really speaking his mind but what was interesting about it is he did not bearing does

come bearing gifts. he would later echo that in his inaugural address because he got elected president. the government said it was the solution it was the problem. don murmurs all that academic rat and former obama fundraiser doesn't like what he is seeing right now. donald trump, don, is trying to repeat i guess what he did. >> ass at the it's possible. by the way i'm wearing ronald reagan cufflinks. he was a great president he did an amazing job but what happens is new york residents lose their tolerance. after a while of failed policies and if you look at what happen a new york state recently andrew cuomo for years before 1 the general election by 10 points against the republican opponent. kathy hogle 1 with a less than 3% margin.

what that is telling you is new york state is shifting. and new york state is in play. the reason its in play is new york city people are getting tired of the direction of where thanks are going and are frustrated. i think trump is making a smart decision, it's his birth state. technically still his home state because this is what made in terms of a business person. i think he is making the right decision. ronald reagan came and campaigned because he thought he had a better solution for american cities and ultimately new york 10 years later elected a republican mayor. if you look at who gets credit for new york -- turning the city around, both republican. >> neil: i wanted you're thoughts on joe biden's outreach in general.

he had a kind of negative address to the african-american crowd, what did you make of that? >> when he spoke at the morehouse college address, historically black college for men in atlanta, i was shocked because it didn't have an american story. these young men had worked for years to then go out into the world and be prepared to compete. they started with a sense of optimism. i thought about it and i contrasted to obama's speech in 2013 where he encourage personal responsibility and there's no better time in america for them to go on and compete. and don't expect it to be easy because it was more difficult for the people who came before them. they figured it out and so should they. >> neil: but he more or less told the crowd you are kind of wasting you're time. i would've just said i might as well quit now.

>> en sway his numbers are so dumb. america is an optimistic nation, is the greatest nation in the world and the land of opportunity. people from all over the world come here for that opportunity. those of us who are already here have a great president. is lost any sense of vision for this country and doesn't provide any sense of opportunity or optimism. he is articulated or presented very few policies that benefit the african-american community. so what does he do? new reality is you're not hearing african-americans being harassed and there are terminus opportunities for americans in this country. i am an example of that. i think he does our country a disservice and blacks a disservice and

that's why they're turning on him. i think his support we'll be 3% for black voters and some of these states. >> neil: event numbers of that in new york you have a good shot of 1 impurity think he can? >> i think you will be vary competitive and i think more competitive then lisle them was. it will be a really tight race. >> neil: and you entertained a run for mayor and then didn't. looking at how thanks are now and you are an equal opportunity critic you want to try to fix it but does that mean you would entertain -- >> look i think furthermore he wants to do a good job. and if you look at thanks i think he is being handicapped by the migrant craziest or a part of it brought on himself but the federal government. >> neil: a lot of that

was going on prior. >> that has created a significant issue for the city, financial and otherwise. >> has he filled? >> i think he's got an incomplete grade right now. >> neil: dew you want to complete the grade you want to run. >> i would consider it's 1 of the greatest jobs in the world to be mayor of new york city. the mayor decides to run for reelection that's 1 thing. then i'm not sure. at this moment i wouldn't challenge and no. i'd like to give them an opportunity to be successful at thank he is working really hard to try to do it. >> neil: you stepped aside to give him an opportunity a few years ago do you want to do that again? >> i did run -- want to run because i thought he had failed and created a defensive environment. >> neil: it looks like this guy has felt. >> he is not a divisive mayor and he is been given a very bad deck.

he was left with a very trying city. it took 8 years to get is here. we've got to give him another chance. >> neil: so for now you're in maybe. >> right now i am paying no. >> neil: a pleasure don, i respect does respect the equality that you used to keep a. always good seeing you here. in the meantime, were following nations weather and not just political weather pack its been rough in the tornado season but get ready for what could be a very active hurricane season. brick has more. >> that could be, i don't see how it will be an active season. it starts in first which is 8 days away. new forecasts today, we've got all the details right after this. stay with us

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i now you've heard nikki haley would be voting for doll trump. now questions as to whether her supporters would be voting for 1 donald jay trump after this 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.

pick up any florida newspaper and page-one stories on how active a hurricane season they're looking at. a lot of reasons for a backpack work has more on why they are worried and talking about it. >> if he ever tried to go to the grocery store on the wednesday before thanksgiving and it is packed and it's awful khaki can't get what you need. figure out that for hurricane season now do that maybe this memorial day weekend go get your hurricane kit and place so you are not competing with people once the storm is coming your way. it's very likely we are going to see some storms on the eastern seaboard or somewhere along the gulf this year and you better be protected. we've had many years recently

with a lot of storms making landfall and this will certainly probably be 1 of the most active seasons we've had. it starts june 1st to soar 8 days away. all forecasts come out fact these are the averages, 14 mains drums, premajor hurricanes 7 hurricanes. look at these season -- early-season forecasts. 8 to 13 hurricanes and up to 25 name storms. it's all happening because of 2 reasons, first is this blue-collar right here. i know our storms form in the atlantic but in the pacific when these waters good cooler than normal the impact is that it decreases the upper level winds are cross areas of the atlantic. the winds that are up there break storms apart as they try to go vertical. without that when we're looking at storms that grow faster and stronger.

here's the other big problem on average season is here's the water temperature average cap look where we right now in the atlantic. looking at water temperatures that are like peak water to pitchers that we see in the summer. our main development region right here talking about temperatures 5 to 7 degrees above where we would typically see them. by the way the caribbean has warmed genetically the last couple weeks all this water warmer than average that means we will sea more storms potentially form and may beget stronger than they make it normally. 1 disturbance we are watching not looking at this having an impact of wind it would be out here across parts of the atlantic but we could see some development. we'll change gears, it's been so active with tornadoes we've had so many the past few days. up to michigan and down to texas. more severe weather today. all of these storms you see here, it's wooly not the main event, later today we'll be

watching another big threat across parts of their brassica. tomorrow another threat. here we are going into memorial day weekend it's a repeat of the same thing. going toward sunday, parts of the mississippi river valley. you cannot rest and relax you got to pay attention to whether neil. >> neil: we appreciate the warning. kind of a bummer but you didn't warn us. brick great job great job my friend. if you think about it we've got the holiday week and closing in. a lot of us are right now. after this you can't leave without cuddles. but, you also can't leave covered in hair.

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were already to take off and have some fun. a lot of outspoken cruises and sometimes they don't come cheap. but we have discovered when it comes to going on vacation some of of the most expensive ones go first. when it comes to all these booked cabins you like they are already accounted for. already this so -- sailing season booked through next season. ashley is at the port of miami. >> reporter: this is what i was made for i believe. good afternoon to you we are on the norwegians kaiser crawler cruiseship. these people will set sail for key west and mexico and the caribbean. the demand is higher than ever

for cruise ships. it is on 17% when it comes to expected cruise takers. the question is what is the appeal? you have a lot of options. you can tailor it to your exact need and a lot of these people agree it is great value for money. take a listen to the president of norwegian cruise lines we spoke with earlier today. >> it is booming because it's such a great value and a great opportunity. it appeals to everyone. what's great is everyone can do what they want to do on their own and eventually come back together and just share their experience. it's a fantastic opportunity. >> another interesting trend neil millennial's and younger passengers are the fastest growing segment the crews line industry. not just the mom and dad's retiring and taking a cruise around the world, it's a lot younger people who like smaller ships and expedition like experiences.

the other fast-growing area are themed cruises. you can have a kiss cruise, 4 days bouncing to kiss songs. wwe that is a given, "hole mock christmas crews. and a clothing optional crews. go into the caribbean. all i can say to that is bring plenty of sunscreen. i leave it there neil. >> neil: glad you acted there. it is so odd because ashley is on a ship he was supposed to -- that was supposed to leave in arco so something tells me using the keys as we speak. we've got luc lloyd here. he knows how expensive their. >> i also gained too much weight on cruises. obviously some people are shown out big ox. where is all this money coming from? and all this demand coming from

creek. >> it's a great question, it's coming from big brother. $1,000,000,000,000.300 days being spent by the government. when all the money is printed and given out, most people think it trickles through every aspect of the economy but that's not the case. when you spend that much money that quickly, it goes to the top. it doesn't just go to the top from a personal basis, it goes to the top when it comes to corporations which is why you see epic divide divide between large and small corporations. >> neil: there likely targeted in some trouble and trying to come prices of 5000 items. telling why the breakdown. >> in my eyes target is a great player. i'm talking about the small business owners, mom-and-pop shops between may be taught about employees all the way up to maybe 100. that used to be 50% of the

economy before covid-19. it's now down to 45%. when it comes to margins in the stock market, stock earnings are at 10% probably for the witches right in line with historical. not really high or low but small business owners are getting acquired by business -- big business owners because they're struggling to survive. you have inflationary issues, interest rates rising and down the roads taxes. those are 3 lammie is. that impacts income. inflation, interest and taxes impacts income. it doesn't impact assets. if you have 100 million in assets, 10% in the stocks this year you made 10 million. >> neil: how do you explain than people who go to any establishment today and are looking for a break. wendy's and mcdonald's are competing over value meals, 1 has a three-dollar breakfast and the 1 has a five-dollar all day 1. i don't know where that goes but more countries are trying to

recognize the obvious no matter how big or small they are. customers telling us they need a break, is that having any impact at all? >> the reason they're doing that is they need but traffic in the door. using some slowdowns. i maybe need to take a little bit of that -- but anyway when it comes to fast food and wendy's the targets of the world, they are offering these discounts because they need for traffic in the door. the franchisees of mcdonald's are upset with this five-dollar and 4 for 4 and 5 for 5 because they lose money. >> neil: we are at that point and that could be the point prices come down. >> i think we've been at that point for a while. the access to credit is still there. middle class america is still borrowing money. another 4 children -- $4 trillion in available involving credit cards and that we'll be used. until it is lowered middle class america we'll be in debt.

we are past the point of no return when it comes to possible pain in the economy. interest rates hurts middle class america. taxes down the road. i mean the 4 for 4 at wendy's not bad. i end up going there sometimes. >> neil: will continue to follow this and also following developments were clashes are on campus popping up on capitol hill. take a look. >> is it also true your failure to respond to combat anti-semitism, is set for? >> i've great respect for the adl and i'm sad that they gave northwestern -- >> but it is true you got an f. [ ♪♪ ] eases your pressure points in a way no other mattress can. for a limited time, save up to $500 on select tempur-pedic

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what's been described to me has been nothing short of the normalization of anti-semitism in your campuses [ chanting ] >> how did you fail these students at many critical points where you could've intervened? >> thank you for the question but i'm sorry but i reject the

premise. >> how do you reject these premise? are these pictures lying? or any of these people in jail? >> this is embarrassing. >> the student was assaulted. >> so want to question the premise of your question -- >> no i am -- asking the questions you're answering. >> is it okay for faculty members, do they get away with that at northwestern university? >> i'm not going to come in on an ongoing investigation involving patrick -- faculty matter. >> unbelievable. >> neil: he has not back down. market, this look like a bit of a tension convention to put it mildly. >> you're right there a lot of lawmakers today. we also heard house republicans accuse the leaders of 3 different universities of essentially turning over their campus to anti- israel protesters even as some at were reportedly chanting death to jews.

multiple campus protests we've seen all over the country including 1 earlier this month at ucla p. rick got so bad that police were called in. just this week ucla even reassigned its police chief, an indication officials there didn't thank the situation was handled well. lawmakers spent much of the day today demanding colleges do more to prevent future events like this. also students safety need to be protected. >> taxpayer dollars have no business funding universities without principles that align with the principles of this country. >> why hasn't northwestern taken serious steps to address the normalization of anti-semitism and anti- zionist teachings on your campus long before october 7th? >> neil: >> lawmakers also appeared flabbergasted with members who made deals to basically broke up

-- pick up their enchantments. today the northwestern president said he wanted to defend his decision to negotiate. >> leader fortunate to have students who were willing to negotiate and willing to give up their demand. then we said let's think about what will make the university stronger, what will be important for your community. then we came to this agreement over time, hearing what their needs are. >> some lawmakers urged these schools to do a lot more between now and the fall semester. some on the left side of the aisle also suggested more could be done to support those they're supporting palestine. they also felt students need to be protected as well. >> jackie the white house with an effort than expected fail today. jackie what happen.

>> the presidents a press conference delivered very little news. the news really came in a statement he issued after the press conference slamming the gop for taking the bill that failed before and voted on again today without changes at all and failed to garner the support even of all the democrats. biden wrote congressional democrats do not care about securing the border or fixing america's broken immigration system. >> how can this be seen as anything other then an attack to try to show americans that democrats care? >> i don't understand how that would be cynical when it sounds like the senators tried to do his job and you forward a piece of legislation that had bipartisan support. >> the president's statement went on to say doing nothing is not an option but when i asked yesterday why he hasn't used his executive powers to that and, john pierce said he shouldn't have to and there's no

indication it's changing today. biden announced today can you will become a major nonnato ally. a not-so-subtle effort to counter china's influence on the mineral rich politically unstable african continent. that comes against the backdrop of u.s. troops withdrawn from niger and souring relations between the u.s. and ethiopia and south africa. kenya is a major u.s. partner in combating terrorism and a leading tech market. they trust 90% of its power from routable sources. it is primed for private u.s. investment and also geostrategic goals like diversifying supply chains. >> thank you. we know the former president donald trump is trying to win over crowds in the south bronx. and he went over nikki haley supporters? he is added after this.

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♪ ♪ >> biden has been a catastrophe. so i will be voting for trump. having said that, i stand by what i said in my suspension speech. trump would be smart to reach out to the millions of people who voted for me and continued to support me. >> n>> neil: all right, we are following this very closely, whether donald trump says anything in reaction to that. nikki haley surprising sum by indicating the man she really ripped apart while she was

running against the republican nomination, that he has her choice for president. "the hill" national politics reporter joins us as we focus on the south bronx where the former president is getting ready to address the crowd there, as he did in the bluest of blue states, new jersey, a couple weeks ago. he is making a pattern of this, julia, showing he is trying to reach out to a crowd that is not typically republican. should that include reaching out to those nikki haley supporters, who typically were not enthusiastic about donald trump? >> yeah, look, i mean, neil, on your point about the blue states, with new jersey and new york, it's interesting because it's not just those two states, but it's also minnesota. he made a fundraising stop there and was able to try to appeal to some voters. i'm not saying donald trump is going to win any of these states, but it does show he is definitely trying to make democrats nervous and try to appeal some of those voters away. on the question of nikki haley, look, donald trump has been

asked about this before, and he seems pretty confident that a lot of her supporters are going to come home and vote for him. essentially they think the same thing she is thinking, she would rather vote for donald trump than a joe biden, if she had to choose, and i think it was interesting how carefully she picked her words yesterday. you know, talking to some of her supporters today, they essentially said this was not necessarily a full out endorsement. she was not telling her voters or her supporters to go and vote for donald trump, but she was saying, if she had to pick between trump and biden, she's going to pick the republican nominee. >> neil: she never said that before, so that drew eyebrow raising. i do want to get your thoughts, you might have hinted it was a wasted effort, donald trump, to go to these bluest of blue states and regions, but it worked out for ronald reagan did he know mike when he did the same, particularly new york. a lot of folks thought he could capture the state had governed for two terms, california. new york was another matter. so what has happened.

can it happen again? >> theoretically, it could happen again, and it's interesting that you bring up new york because you are starting to see, or you saw in 2022, republicans make some inroads in new york. governor kathy hochul did win, but we saw republicans doing better than before. a lot of that had to do with the issue of crime in 2022. so to add on top of that, now we have in new york city this issue of migrants being taken there and new york city essentially having to deal with this. adams very much on the defense. there is opportunity there. i don't think new york is going to go to trump, but i think republicans can continue to make a showing there. >> neil: well come history could repeat itself. we will watch it closely. julia manchester, thank you. that will do it for us. let's go right to "the five." ♪ ♪