tv Varney Company FOX Business May 10, 2021 9:00am-12:00pm EDT
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>> i'm wondering if we will be-- the market performance has been changing over time. maria: jackie? >> i'm watching for the dow jones. it's just under 35000 and it's exciting, but a bit frightening, also. maria: interesting to see the markets weren't having a problem with the jobs numbers underperforming friday. great to see you. have a great day, everyone. "varney & co." begins right now. take it away, stu. stuart: good morning. america has a national security problem, that is the cyber attack on the pipeline, the colonial pipeline. it shut down half the energy supplied to the northeastern's united states, it's a ransom ware attack conducted, reportedly, by a shadowy group known as the dark side. the pipeline is still shut this monday morning with energy prices
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rising and regional emergency from texas all the way to new england has been declared a. the bottom line, someone knows enough about our computers to shut down part of america's energy infrastructure and that is a national security threat appeared don't know what we are going to do about it. this developed over the weekend where america really did seem to be getting back to normal. look at the weekend golf tournament attended by thousand without much mask wearing or social distancing. doctor fauci says changes to the mask guidelines are coming soon, but he also says masks may reappear during future flu seasons appeared let's get to the market this monday morning. we are getting close to 35000 on the dow industrials. of the dow jones by the way has set 24 record so far this year, 2020 won this morning it's going up another 100 points plus it. you will hit 34800 quickly with the s&p
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small gain and nasdaq a small note loss. here we go with the crypto's, bitcoin rally ash not much change, $57600 per coin, but he theory m has had a new record high overnight reaching above $4000 per coin, 4122 is the ec ram quote. dogecoin is down. elon musk saturday night live called it a hassle and on that it dropped below 50 cents and it's now quoted at 51 cents per coin. i promise you. big show coming up, blaming the worker shortage on the fear of covid. doesn't it have more to do with parents having to take children who are not in school or employment benefits that pay far more to stay at home rather than work fax we will get into that. wait until you hear
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about disney's new employee training program. new hires are taught that america is based on systemic racism and white employees must educate themselves on structural anti- black racism, white privilege, white fragility and white saviors. the happiest place on earth, monday, may 10, 2021, varney and company is about to begin. ♪♪ stuart: there you have it, new york city, empire state building this monday morning. i'm going to take you shoe charlotte where there was a big golf tournament over the weekend with lots of crowds. this looks to me like back to normal. okay, that's the gulf tournament, but it was
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all across the country, masks are coming off and things look like back to normal and by the way dr. fauci says it may be time to relax indoor face get-- facemask mandates. watch this. >> experts like the former head of the fda saying to start relaxing in the indoor mask mandates that. is he right? >> i think so when i think you will probably see that as we go along as more people get vaccinated, but yes we need to start to be more liberal as more people get vaccinated, as you get more people vaccinated the number of cases will absolutely go down a. stuart: getting more liberal as we get more vaccinated, okay, dr. fauci. here's another headline, and mask mandates. dr. marc siegel wrote that and he joins me this monday morning. why would more people getting vaccinated-- would we get more people being vaccinated if we
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relaxed the mask mandate, is that what you are saying? >> absolutely come across the country, get rid of the mask mandates because people are so tired of the stick and they are ready for the carrot because 9% of americans who have not had a shot yet according to a poll that say they will now get one when it becomes available to them. that's a worrisome number because we have seen the president be inconsistent with his mask and all of this masking and restrictions in place sending the wrong message. vaccinations are working. almost 50% of adult americans have had at least one shot, that plus natural immunity as people have gotten over covid and you see the numbers drop. over the weekend we saw 22000 new cases yesterday, that's the lowest number we have seen in just about a year, stuart. we are heading in the right direction and the way to get there is to stop punishing people. stop restricting people. start rewarding people. you get the vaccine, you won't get covid, almost definitely not get
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covid. let's open it up and send a message from the government by getting rid of the mask mandates that are no longer needed. >> i don't want to go off on a side track but doctor fauci says masks may come back in future flu seasons. what you think of that? >> i think we can avoid that. masks have some value, but only when there's a big pandemic brought rain and then it's only in close quarters that they have value. i don't think we need to talk about next winter in the flu season. we had almost no flu season this year end i think the messages to get against covid. get back to work to get back to business. you said in the run-up, people are out of work still at terrible numbers this month and you pointed out people are at home hunkering down with their children. open the schools. open the businesses. get vaccinated. stuart: dr. fauci also said the number of deaths in america has been undercounted. what do you make of that >> well, i don't think that's true. i think people are very
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particular to covid deaths in pot-- hospitals and i think that's been carefully watched in our hospitals. deaths at home is harder to configure, but for sure our numbers in the hospitals and the states are accurate and they are terrible but they are coming down now. we had under 300 deaths yesterday and the numbers are coming down. it's moving towards younger people. we have to tell our young adults to get vaccinated to protect the elderly-- elderly who cannot get vaccinated but so far we are headed in a good direction and i think it will continue. stuart: we love to hear that on a monday morning. we appreciate you being here and we will see you again real soon. the other major story of the day as the colonial pipeline, largest u.s. fuel pipeline of them all is still closed after a couple of days of a cyber attack. will this affect gas prices? susan: i think that's what experts are saying. could get back up to $3 a gallon for the first time since 2014.
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gas futures are up 4% overnight. three days after the attack the pipeline is still down and there has been talk that may be moving tankers to get the oil shipped to the northeast and southeast of the colonial is the main pipeline for the new york and northeast region as you can see on the map. the good news for the northeast and new york is oil can be shipped across the atlantic from europe before atlanta and the southeast. analysts say they will feel the pinch of higher gas prices first because they are landlocked so the colonial ships around 45% of all fuel used on the east coast. don't you think it's a good way to call for america in the white house to boom-- boost their cybersecurity when it comes to vital infrastructure? stuart: the writing is on the wall. this is a national security threat as i said at the top of that show someone knows enough about our computers to shut down a big chunk of america's energy infrastructure. that's a huge problem.
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overriding is on the wall. you have to do something i have no idea what. let's bring in jason katz. jason, the colonial pipeline shut down, it's a national security threat is my opinion. does it affect the stock market? >> apparently not this morning, but i think the market is pretty is in the category of christ must-- the addressable market for cybersecurity is $737 billion and growing, so i think you will see the cyber related names straight up, but this is a big deal as you have been pointed out. it's no different than i-95 shut down and you have to take route one from florida to maine. if this persists for five or six days you will see a major peak in terms of gas prices as we head into peak driving season and as you pointed out earlier, this must be a major
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priority for the biden administration and homeland security in particular. stuart: okay, the market overall at highs are very, very close to record highs. what would it take, what news items we need to push prices up to yet more new highs over the next couple months? >> when you think about it, everything has been consensus. at the consensus in conventional wisdom as we wouldn't get this fiscal stimulus, we did. visited-- big businesses could not give it to the extent they did, they did. the consumer could not adapt, they all did an earnings would not be as a spectacular and they were mined lovingly good, so to go higher in this market as it is set very high. we have to demonstrate we have control over the values. we had to demonstrate it's not a one phenomenon and earnings need to continue to walk the walk, but above all for us to get to our
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4400 target, which is roughly three or 4% from where we trade today, the fed must walk the walk. they have ammunition based on friday's employment numbers where they will keep rates low and they have to also demonstrate inflation won't to spiral out of control. of those two things come to pass on the market. stuart: okay. you have been looking for 4400 on the s&p and we have gotten close and you have been right so far. let's hope you are run-up success continues. jason, thank you. >> thank you. stuart: we had the winner of the kentucky derby, medina spirit failed the drug test, the famous trainer bob baffert is now suspended from churchill downs is so what happens at the preakness? we have a report on that. did you see elon musk debut on saturday night live? here it is again. >> i reinvented it, electric cars and i'm
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sending people to mars on a rocket ship. did you think i would be a chill normal dude cracks. stuart: i thought it was rather dull, but he also talked dogecoin, which by the way tanked during his performance and has not recovered. tesla, the stock is down this morning. you know, moscow was not a great pitch man on saturday night was he? starbucks getting ready to leave facebook because it's been posting about social justice and a starbucks does not like the comments they have received on facebook. how about that. so, starbucks is a shutting down speech. what a story. mike huckabee on that next. ♪♪ ♪♪ [ crowd cheering ] [ engine revving ] [ race light countdown ]
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stuart: well, 79 degrees right there on the beach in fort myers, florida, on the gulf coast. sure looks attractive, so did the futures market with a lot of grain as the dow industrials looks like we may get real close to 35000 on the dow jones today, at about 100 points at the opening bell. then we have starbucks, they are considering leaving facebook over hateful comments left on their posts about social issues and racial justice. former governor of arkansas mike huckabee joins us now. seems to me starbucks is a shutting down speech that they don't like. >> welcome to our new world in which if you
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don't like what someone says rather than say something different you just shot it all down, that's the new sort of perversion of the first amendment. so what if starbucks leaves facebook. i think possibly all that should because facebook has become fake book as they no longer allow people to use their platform for their expressions and they are very restrictive. the action they so called boyd took last week, 20 members only five of whom are even u.s. citizens, based in london and they say the former president of the united states can't use facebook, it's really becoming a disgraceful platform anyway. stuart: it's almost a joke, frankly. i had this for you, governor. disney is pushing antiracism training on its future employees asking new hires to complete a white privilege checklist and to quote reflect on america's systemic racism.
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critical race theory now seems to dominate the workforce. actually that's not good >> well, it's not just not good, it's insane. part of the reason that i find this so hypocritical is having looked at the picture of the disney board? there are 10 people on it, best i can tell from the photos two of them are people of color and the rest are white people, so why didn't bob iger set stepped down as the ceo of disney, he's white, and appoint an african-american to be the ceo of disney? why did he replace a lot of those white faces with people of color fax and they may have credibility, but for them to pretend they are somehow more woke than america-- the rest of america and are somehow more into social justice but their board does not reflect that, there board is a bunch of very wealthy white people i guess who got there because of their white privilege, so let them step down and in the meantime, i wish
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publicly held companies would recognize their job is to serve the public, not a very tiny little section of the public that screams louder than the rest of us do. stuart: i think actually they are afraid of their own employees. and they are afraid of their own employees a saying this is a racist operation. i think that's what they are afraid of, governor. last word to you. >> well, it's time the consumers of america and there are millions of us who are sick of this nonsense, let's just say we are not going to disney. let's go to universal, six flags, silver dollar city and ransom-- branson, there are lots of amusement parks to go to that don't have the disney nonsense going on and let disney feel the pressure of millions of americans assaying thanks but no thanks, we will buy your products when that's what you are selling, but if you try to sell us your politics, we are not interested. we are not simply going to let you manipulate us
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into feeling guilty because of something we had nothing to do with. stuart: governor mike huckabee, you make too much sense that. thank you for being on the show. now this, back to crypto's, that's the current price of ethereum, i think it's either at or close to a record high. susan, i have a quote here at 4151. susan: as a new record high, outperforming bitcoin so far this year, still the second largest crypto currency in the world behind that coin worth a roughly around $500 billion, which is half of bitcoin's 1 trillion-dollar valuation. ethereum has been boosted by the booming nft market which is traded on ether and also you have to think of it and the area him like an internet platform where the technology can be used for different uses and it's already up from 40% in april alone and
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it's not a weird sort-- weird world, it's exciting world of crypto currency. stuart: yes, it is. let's talk about elon musk. made his debut on "saturday night live" poking fun of himself. watch this for a second. >> i know i sometimes say strange things, but that's how my brain works and to anyone i have offended i just want to say i reinvented electric cars and i'm sending people to mars on a rocket ship. did you think i was also going to be a chill, normal dude? stuart: it's not a natural. susan: better than expected. stuart: whatever you say, but do is going-- dogecoin plunged and has not recovered up your i have a 51 cents right now. susan: i think it recovered. stuart: wait a second, he has--
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he's not a successful pitchman for dogecoin or tesla. susan: dogecoin was plunging into the show's star and we know there was a run-up into s&l and a selloff would take place afterwards, not that much of a surprise appeared musk character should note did raise doubt over dogecoin. >> it's real. >> sort of. >> so what is dogecoin? >> as about as real as that dollar. >> i get it, but what is it man? >> a crypto currency you can share trade for conventional money. >> oh, so it's a hustle? >> yeah, it's a hustle. susan: you have to remember he was in character as a financial advisor and that shout out at the end was important, to the moon which means musk seems to
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still be on board. stuart: okay, still 51 cents. susan: better than 40 cents which is where plunged to during the show. stuart: we have another two hours and 44 minutes to go and i'm sure we will get back to that at some point. meanwhile, we have six and a half minutes to go until the opening of the market on this monday morning and we are going up for the dow jones, close to 35000. back in a moment. ♪♪ when traders tell us how to make thinkorswim even better, we listen. like jack. he wanted a streamlined version he could access anywhere, no download necessary. and kim. she wanted to execute a pre-set trade strategy in seconds. so we gave 'em thinkorswim web. because platforms this innovative,
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stuart: we are opening the market in about two and half minutes and we will be up over hundred 30 points for the dow industrials. starbucks and facebook, take a look at them because they are in the news. kieth fitz-gerald is with us. a starbucks may leave facebook over hateful comments posted on facebook about starbucks. forget all about politics in the background, does this put pressure on facebook stock, keith? >> i believe strongly it does because whether i disagree with starbucks or facebook, to your point it's immaterial, what matters is that company has been extraordinarily predatory and i can't believe starbucks is the only corporation thinking like this. stuart: but, does it affect
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facebook's advertising revenue if the starbucks leaves the side i guess you could say? >> well, maybe not by itself in isolation, but again i think corporate america right now acts like if one goes off the edge of the cliff the other will follow or there's a good likelihood they will so i have to believe as woke as everyone is at the moment that they are the only corporation thinking like this and it will take a hit on facebook. stuart: what's this i hear about keith fitz-gerald buying into bitcoin and putting $100 into dogecoin? what are you thinking? >> well, i couldn't get to vegas i figured a hundred dollars on dogecoin might be good, but i'm breaking even on that. ethereum and bitcoin we have been buying consistently taking a play out of my own playbook each week and the reason is institutional interest. it will shortly be something you can get at your bank through your bank account. stuart: you think dogecoin just
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collapses? >> hard to say. $100 in and i don't really care. i'm joining the sideline view with what elon musk is doing with it and the others, but again ethereum and bitcoin we are serious about because i think there is footing there. stuart: thank you, keith. the market is now open this monday morning. i'm going to expected some green for the dow industrials and that's what we have in the early going, at about one third of 1%. that's an all-time high, 34890. 110 points away from 35000 on the dow industrials this monday morning. more than two thirds of the dow 30 is in the green. s&p 500 also opening on the upside, but not that much. it's hardly up at all, .03%. at the nasdaq composite down about a half
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percentage point so look at big tech presumably if the nasdaq is down big tech isn't doing well and that is the case this morning. all of them on the downside, not much, but all down. bion tack surging, this is all about the vaccine rollout. tell me more. susan: pfizer's vaccine partner reported a partner-- profit of almost 1% higher thanks to sales of the covid vaccine during the first three months of this year end it says it supplied more than 450 million doses of its vaccine in 91 countries and territories and they are upping that to over a billion over the next quarter and through the summer time here that will be big for their bottom line. stuart: gigantic. 20 times what they were a year ago. you know it's comed that did that. how about astrazeneca, i don't know if this affects the stock that
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much, it's up about 1%. they may skip asking the fda for emergency use instead shifting to full approval process, that's with astrazeneca. hotel chain, weak u.s. bookings hurt their profit. they see a rebound as the man gets stronger when we all get the shot stock is down 2%. marriott hotel chain down 2% or how about chipotle, and they are looking to hire thousands of new workers they are raising wages, but that's not the whole story. what is this, they are giving workers a path to climb up the corporate ladder? susan: and make six-figure salaries in the future, first the minimum wage, $15 average by the end of june according to chipotle as they are looking to hire 20000 more workers and yes that provides a path to six-figure salary in three years for general managers, so it's a sign that it's hard to find workers right now because they are raising wages but they are
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also offering referral bonuses of $200 for anyone that hires an extra employee and $750 extra for gm. remember the news we saw friday that is hard to find people to fill the spots. stuart: if you are having your labor costs go up because you have to attract workers back and if your food costs are going up because we do have inflation built into our situation right now, that's a squeeze on profits for chains like chipotle and they are down 1.7%. susan: on the flipside, business is so good they need to hire 20000 more workers, i mean, we can't forget about that bright spot right there. stuart: that is a bright spot, indeed. dow industrials now up 150 points which are the winners? dow inc. is up, chevron, goldman, 3m, knowing all on the upside among the dow 30. s&p 500 winners, nasdaq
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winners headed by the technology sector isn't doing well this morning and none of the big tex are in that list of nasdaq winners appear let's have another look at facebook. it's a moving this morning. down 2.2%. tell me more. susan: they had a big downgrade this morning by city, downgrading facebook along with alphabet, google down to neutral meaning don't buy or sell and i think facebook is still worth-- it's still not much upside, google and city says wall street is way over estimating a bounce back in digital advertising. the first three months of this year did see a pretty strong return to digital advertising for the bottom line of facebook and google. oracle is down this morning just about $80 and again this come back
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in business services may be delayed a bit longer. lift got an upgrade to outperform. in the earnings last week they said they were going to get profitability in the third quarter of this year so this recovery plan is coming along a lot faster than anticipated and ride hailing a. stuart: you got that right and it's up to percent. now, live nation, i presume the stock is up here 2.3%. jeffries investment firm say next year 2022 will be a big year for the return of concerts and they say live nation are on track to be a very solid post pandemic performer. jeffries upgraded the stock from hold to buy. it's up to and a quarter precent. overall, look at the dow jones. a couple big name stocks are really moving within the dow 30, up 157
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points about 60 points away from 35000. how we got a big new graphic prepared for 35k? i hope we do pick the 10 year treasury, 1.58%. price of gold, 1800-- i have to read out the script, 1844. bitcoin still around 57, $58000 per coin. oil, well right now you have oil at $65 a barrel with the average price per gallon of gas is $2.97 up $1.13 from last year this time, moving up, the prices moving up and that has a lot to do with the colonial pipeline shut down and if so does fire i, a cybersecurity company on the upside this morning big time 3% higher. susan, that has to be tied to the pipeline. susan: they came out to say they are helping to get the colonial pipeline back online after the
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massive pack friday and also the ransom demand and they are sending in their top teams and that's kind of like their swat team for cybersecurity. it has people wondering why the colonial pipeline did not already have cybersecurity and play like fire i. there are tons of others , so it just brings back the reminder that cybersecurity especially when it comes to vital infrastructure like the pipeline needs to improve. stuart: yep, the outstanding feature this monday morning market is the dow jones industrial average and right now you are up 180 points just about, 34950. in other words we are getting close to 35000 on the dow industrial superior other indicators not performing as well. this is the dow jones day. we are 51 points from 35k. then we have new york city desperately trying to get people to come back, but how do you get
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people to come back with something like this, that's a police officer running with a 4-year old who was shot while shopping for toys in times square. random crimes like this sure to hurt this city's reopening. more on that coming up. we have more on the bill gates divorce trauma. we are now hearing melinda was reportedly concerned over bill's relationship with jeffrey epstein. ♪♪ ♪♪ that building you're trying to buy, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you see it. you want it. you ten-x it. it's that fast.
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senators will meet with president biden's thursday. susan, this is because the white house really needs republican votes to spend all this money, isn't that right? susan: it will be a tough sell. biden will meet with five gop senators including blonde, capito and wicker on thursday and that means you need every single vote possible and as i mentioned it will be a tough sell since these gop members said they will not approve any tax increases and they will not approve any liberal wish list items as part of the compromise so you wonder where the middle ground is cured of these senators have also counter offered a smaller bill, $558 billion which they say is traditional infrastructure spending that goes into roads, bridges and airports. biden proposing to pay for the first $2 trillion by raising taxes. he has been more concrete and saying 25% instead of 28%, but that
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still only covers around $500 billion over the next nine years so where will you come up with the next one and a half trillion dollars to pay for and we are just talking about the first spending package. stuart: a compromise will be very difficult given the two extremes we have seen from both sides. the meeting will take place and i guess we will report on it. what about this one-- we will, texas opened up two months ago and things are looking good. the governor says covid hospitalizations are the lowest in 11 months. they have had fewer than 2000 covid cases for five straight days. the governor of mississippi, tate reeves joins us now. governor, you also removed-- you have been on the show a couple times telling us what you are doing and you have removed almost all covid restrictions. are you doing as well with covid as texas is? >> well, stuart, first of all thanks for having me on.
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it's always a pleasure to be on with you when we are seeing exactly the same thing having the exact same experience you see in texas and other states that made the decision to open up and that is hospitalizations are plummeting. the total number of cases continue to decline and so we are very pleased with where we find ourselves. we are focused on making sure we get more-- get more mississippians vaccinated because we think that is the light at the end of the tunnel and that's how we get to the end of the road but we have a million mississippians already vaccinated fully in our state and that is something we continue to work on. stuart: if a store owner says no, i want people to wear masks in my store in mississippi, what do you say, is he or she allowed to say that? >> you are certainly allowed to say that and then individual consumers can make their own decisions as to whether or not they want to walk in that store or not. i believe in individual
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freedom. i believe individuals ought to have the right to go into a store should they want to and they also should have the right to not go into that store should they choose not to, but the fact of the matter is over the weekend our total number of cases were less than 200 cases per day, that's in a state of 3 million. to the best way for people to not get covid is to not to have very many people out in society with covid and so again we were at a seven day moving average of about 2400 cases a day when this year began today we are well below 200 cases and we are down 90% and we have a state that is fully reopened allowing unlimited crowd sizes in venues outdoors, college baseball is really big in mississippi and we are having 10000 people going to college baseball games and we are doing quite well. stuart: congratulations, governor. great to hear from you again and great to hear that you are almost totally back to normal.
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that's what we have been looking for and i think mississippi delivered. tate reeves, thank you for being with us, governor. please come back again for a progress report on opening up fully. republican senator bennis asked has a new incentive to get back-- people back to work. susan: interesting to tell me what you think. switch to unemployment benefits into signing bonuses for new hires instead, so $300 extra per week in unemployment would then turn into two mugs-- two months signing bonus which i think is clever. reporting there are nearly seven and a half million jobs to fill and over 300,000 return to work last month. i was checking unemployment benefits because if you add in the $600 to the weekly payment it's roughly $437 a week on average in america regardless of which a state and that comes to around $12 an hour for a 35 hour work week so some say if
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you're getting that kind of cash why go out and work when you can sit on the couch instead to massachusetts, a standing heist $823 a week, over $23 a month for a 35 hour workweek to do nothing. stuart: i'm trying to do the math in my head, massachusetts works out to about $40000 a year sitting at home. susan: that's a lot of money. stuart: that's a disincentive big time here i don't think that message got through to the administration. was not blame the fear of covid, which may be a factor, but it's nowhere near what it is with the extra money people are getting to stay at home. that's my opinion, susan. this incentivizing. thank you. former president trump has left florida to spend the summer at his residence in badminton, new jersey, and he's reportedly moving his political fundraising staff up there as well. trump has said he's considering a run for the white house in 2024, but a decision likely won't come until after
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the midterm elections next year. checking those markets, you know i'm going to summarize like this, this is a tech selloff the nasdaq down 150. it's an industrial rally up 222 on the dow industrials which is at 85000. we made it right now, 35600 as we speak to a couple of dow jones winners, goldman, 3m, kata butler, boeing are up big time and they account for much of the dow jones game. goldman sachs has accounted for! 's dow jones, boeing 22, caterpillar 22, 3m23 with high performers combining to get the dow jones back about 35000 this monday may 10. next case, the woke brigade has got hold of disney. in the company believes that america was founded on the systemic racism and that's what they are telling new hires. our country is based on systemic racism, that's
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stuart: fat boy slim is singing the song, weapon of choice, not so sure i liked the music but the shot of the golden gate bridge is beautiful. let's move from there. there are reports china has been preparing for world war iii with biological weapons including coronavirus and they have been doing it for the last 60 years. edward lawrence in d.c. with more. what you have? reporter: the australian, newspaper reports china is considered weaponize in viruses like sars long before the coronavirus spread around the globe. australian cited a report that says it was
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obtained by u.s. investigators where chinese scientists claimed in 2015 and that they could manipulate diseases in ways never seen before. the report referenced by the australian says a bio weapon could be a core weapon for victory in the next global war. representative leah zelda and on the foreign affairs committee for the house said he has seen the news article about this. >> there's also no concern with biological warfare, so we will see whether or not this ends up getting confirmed as we get additional information, but we have been lied to so much and the chinese communist party going back to the beginning of the covid outbreak in not providing information and using spin, actually blaming the u.s. military for bringing covid-19 into the country. reporter: he wants answers and will look for a briefing when lawmakers get into session tomorrow. at this report has reignited the cost to find out exactly where the coronavirus came from and how it first to spread also calling into
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question how aggressively the chinese have become as the communist party agenda to be the number one superpower in the world. in recent years the fbi director said they are opening a thousand cases a mom on intellectual property and also china the action they have taken in hong kong with those aggressive actions they are so very concerned about this report and lawmakers want to see if it's true or not. stuart: thank you. getting back to the markets where pack-- patent still hold, it's an industrial rally in a technology selloff with the dow jones up 200 and 35000 level and the nasdaq is down nearly 200, 1.3%. split market. a still ahead, steve forbes, nancy grace, brian kilmeade charles heard in "my take" on the colonial pipeline cyber attack, this truly is a national security issue.
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chin. let me show you the 10-year treasury yield, still well below the 1.6% level. north mali that would be good for big tech, not today. 1.57 is the 10-year yield. look at big tech all the way down all across the board. in fact we have google down 2% and amazon is down 1.8%. look at facebook falling 3%. there is a selloff in big tech right now. as for the cryptos, new record high for ethereum. $4119 per coin. that is the current quote. that's the high. bitcoin still around the 57, 58,000-dollar level, 57,500. doge coin, 51 cents. get out of here. now this. every day there are more than 4,000 ransomware attacks. that is where criminals take control of your computer season and don't let you back in until
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they have paid you a ransom. that ransom is paid in bitcoin. how many times we won't up to the hacking attacks revealing personal information about everybody. we heard about these attacks and data breaches but they rarely have national security impact until now. the colonial pipeline attack is different. it has shut down the supply line of 45% of the heating oil, jet fuel and gasoline supplies for the northeastern united states. the pipeline is still closed. a regional emergency has been declared from texas all the way up to new england because the supply of energy has been directly threatened. an outfit known as the darkside, is reportedly responsible. don't know much about them. don't know what they're demanding or whether any ransom has been paid or negotiated but what we do know is this, somebody has enough knowledge of our computer systems to shut down a big chunk of america's energy infrastructure. in fact, somebody knows enough about our computers to shut down
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any industry. now that's a threat. who is doing this? the authorities either don't know or won't say but when we do find out, and we will, what will we do? i guess it depends how we characterize the colonial pipeline attack f it drags on and cripples part of our economy it could surely be called an act of war and would require a proportionate war-like response. seems like we're almost there, doesn't it? the second hour of "varney & company" is about to begin. ♪. stuart: all right. steve forbes joins us this monday morning. what happens if this drags on, the pipeline shutdown and cripples part of our economy? what happens, steve? >> well even if it doesn't happen, stuart, it certainly is going to have congressional hearings behind closed doors to find out what the government is
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doing about this, what measures we're taking and ultimately, stuart, just as during the cold war we had mutually assure destruction in terms of nuclear weapons we have to make clear to governments, they often farm this stuff out, russians, chinese, third parties criminal systems and the like, if you engage in that kind of thing we'll do it to parts of your infrastructure as well so back off. i think if we get those government players out of the way that will be a huge step forward. stuart: back off but do we make them back off by really attacking them? >> you just have to make the point. you pick out a certain area. just look at the israelis did to iranian nuclear program because they're able to get inside of their systems, computer systems. we take one of those, we're not going to do it in terms that will lead to real harm but just to let them know we have the capacity to do it and we will do it if they continue to do it, they are going to pay a very real price for it.
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we give them the equivalent of a warning shot a shot across the bow, say there is more coming if you insist on doing this so back off or there will be consequences. stuart: what are you doing with spacs? i have a report that for example media is looking to go public via a spac. are you in position to tell us what your plan is? >> investors are always looking at us, stuart. we've had three strong years. our brand is the most recognized business brand around the world. so it is no surprise people are looking at us. whatever the future may hold, who knows what that is going to be, it is going to be because of that strong brand. and so we'll, we're doing very well. so it is no surprise people are looking at us, and i'm, i expect we'll have that kind of interest now and into the future. we do have a plan for expansion. our teams have executed very well. as you know last year march and april were horrible for media
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businesses because everything shut down. but our teams were responded. we ended up with a strong year. so, yes, investors are interested and can't go into any details what the future may hold, but whatever it is it will be in response to our unique appeal amazing live around the world to entrepreneurs, those starting out and those that already made their mark. stuart: i wonder if you answer this question, with other spacs i notice you put the money in, the sponsor of the spark, i guess that would be you in this case, takes 20% right off the top. are you going to do that? >> we're not sponsoring a spac, so i weren't be able to get any 20%, no. if that happens. stuart: okay. i weep for you, steve. look, thanks for answering the question. thanks for being with us. >> i will send you some kleenex. stuart: we'll take it. thank you, steve. all right.
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let's take another look at the market because we have serious news. the dow up 200, nasdaq down 200. talk about a tale of two markets. technology down. steve moore is with us today. you coined the expression, rocket ship economy and i agree. stuart: it's a still a rocket ship economy. is it still a rocket ship economy if we're not going back to work and people can't go back to work? all kinds of extras to go back to work that was not a rocket ship economy, is it? >> stuart, i was one of the people on the show two other three months ago that the $1.9 trillion spending bill was a giant mistake. that the unemployment insurance would move 5 to 6 million people out of the workforce that would other be working. we've seen that play out. the old saying if you tax something you get less of it. if you subsidize something you get more of it.
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we're subsidizing unemployment and we're getting more of that because of it. now that is the bad news. the good news, look at the latest forecast by the federal reserve gdp now number. they're estimating we're on a track for 10 to 11% growth in the second quarter. that is a blockbuster number. if that holds, then that means by the end of june, stuart, we will be, we'll have a gdp that will have fully recovered, fully recovered from this pandemic. that is an incredible, incredible one year run we've had with this economy, way faster than europe, way faster than most of the asian countries. i happen to believe it is because of the red states that kept the economies open. because of "operation warp speed." stuart, yes, you are right. these high unemployment benefits are wrong, they're bad for the country. they're bad for business. i would argue they're bad for workers too because we're keeping workers on the sideline. but i'm still pretty bullish on the rest of europe if we can fix
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that problem. one other quick thing, stuart, i'm saying suspend the 300-dollar unemployment benefit bonuses now. do it now. let's get these people back to work. >> you know it is not going to happen but -- >> oh, i don't know about that i don't know. stuart, don't be so sure about that. at least four or five states are saying we don't want the 300-dollar unemployment benefits. we're not paying it. it is holding workers out. mon tan, south carolina, governor of florida and texas are talking about. this there is a real recognition from coast to coast, stuart, from california to maine, all you see is help wanted signs. give you one other statistic for your viewers. i think it's a really important one, stuart. 7.3 million. you know what that number is? stuart: jobs going begging? >> that's right. 7.3 million job openings. that is near a record. it is the most bizarre situation. we have 8 to 9 million
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unemployed people but 7 to 8 million jobs opened. when normally that happened under trump a lot of workers didn't have skills to fill the joshes. you have job openings in kitchens, job openings in construction, manufacturing, all across the board you have job openings. this problem is so easy to fix, stuart, it is so easy to fix. just go back to the normal unemployment insurance system and. one other quick thing, stuart, do not raise taxes by 2 1/2 trillion dollars. this is crazy time to be raising taxes on businesses and workers. stuart: yes it. all right, steve, you made your point. i don't think politicians will listen to you though. >> i don't know. we'll see. i think we're going to get rid of those bonus benefits. i do. stuart: all right. we'll see. stephen moore, appreciate it. >> thank you. stuart: the big story on the markets is the selloff on the big tech. nasdaq is down 1. 3%.
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susan what is behind this selloff. susan: i was looking around for you because i knew you would ask. whether you see the 10-year yield going up or not it's a reality. look at lumber, oil, copper prices. lumber hit a record high of 300%. have you tried to put boarding in your new home? it is very expensive. oil prices at three-year highs. the that colonial pipeline hack not helping things. the oil index, the s&p oil index just hitting a record high, i mean that is not surprising given the rise in oil prices. copper at records. iron other, goes to making steel is up 10%. s&p materials, health care, industrials, all at record levels. this is surprising to you, stu? as i say you might not see it in the 10-year treasury yield but is prices are going up. inflation is here. stuart: yes, they are. i tell you what is also going up. the cost of little add-ons for your phones. buy services and stuff for your
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phone. costs keep going up. i can't explain crude oil, why it's down 40 cents at 64.50. i can't explain that when all other prices are going up, including gasoline why went up four 1/2 last night. we're looking at 30 cents. you're down 30 cents on the price. this might be, maybe expectations that you could get some shift of oil coming to the another east instead. stuart: fair enough. tell me about ethereum, still at a new record high? susan: crossing 4,000, that level last name. outperforming bitcoin. second largest behind bitcoin, closing in $500 billion. that is half of bitcoin's one trillion dollar value. ether has been boosted by the booming nft market which is traded own ether or ethereum. european investment bank might launch their bond space on the ethereum platform. tough think of ether and
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differently than bitcoin. it is more like a platform a technology which you can use for a lot of different uses. some people say it could outperform and be more valuable than bitcoin in the future. we're up 40% in april alone. some say this might be the time to play ether because bitcoin has run up so much. stuart: first time in a long time we talked about cryptos, without mentioning dogecoin. we're not mentioning it this time. susan: you actually understood what i was saying which is always a good thing. stuart: i wouldn't go that far, susan. i just didn't mention doge. listen to this, serious stuff, serious stuff. the country is opening up but many schools are still closed. the fact someone in the administration now admits, watch. this. >> lack of a affordable child care hits women the hardest. the fact schools were closed and many still remain closed hits
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women harder. stuart: okay. so what are you doing about this? we have that story coming up for you, believe me. >> derby winner, the win is in serious jeopardy, failed a drug test. what happens next? we've got that story too. first though, crime on the rise as big cities try to reopen. nancy grace is here on that. ♪ my retirement plan with voya keeps me moving forward. they guide me with achievable steps that give me confidence. this is my granddaughter...she's cute like her grandpa. voya doesn't just help me get to retirement... ...they're with me all the way through it. voya. be confident to and through retirement.
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wanna help kids get their homework done? ask your doctor about well, an internety. connection's a good start. but kids also need computers. and sometimes the hardest thing about homework is finding a place to do it. so why not hook community centers up with wifi? for kids like us, and all the amazing things
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we're gonna learn. over the next 10 years, comcast is committing $1 billion to reach 50 million low-income americans with the tools and resources they need to be ready for anything. i hope you're ready. 'cause we are. stuart: this is fascinating. the dow has hit an all-time high, just above the 35,000 level this morning. but the nasdaq, not an all time
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low by any means. obviously not. it is way down. dow straight down. nasdaq straight down. we have a few dow winners that account for this surge in the overall industrials. the, boeing is up 2%. so is 3m, caterpillar, walgreen boots, all solid gains. they're all dow winners. we're at 35,016. next case, crime surging in new york and other cities. police already reported a 30% increase in crime from the same time loose year. that's new york city. then there is this, a shooting that happened in times square over the weekend. two women and a child were shot. we had video after wonderful police officer, running with a young child to get out of the way. times square, new york city. nancy grace is with us, "fox nation" host. nancy, great to have you on the program today. how do we reopen the big cities where this kind of thing sis
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happening. >> i can tell you one thing, h-e-l-l will freeze over before i take my twins to times square. we love broadway, times square. think about it, this little girl, 4-year-old sky martinez, toy shopping in broad daylight with her parents, she take as bullet a bullet! two other women. one was from rhode island, one from new jersey. one was there to go to statue of liberty. thought they would look around times square. uh-uh. all she saw was the inside of an ambulance. broad daylight. shoot national new york city skyrocketed. 93% since 2019, why? because they, the government wants to blame illegal guns. no. who is firing the guns? bail reform. known criminals, who are a revolving door. go in, take your from time to
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time, bye-bye, they're out walking around times square shooting 4-year-olds. that's what's happening. stuart: you don't see things changing, do you? i mean lots of -- >> no, i don't. stuart: lots of cities reduced their police budget. i don't know about other cities, certainly new york ended bail requirement. you turn them them loose. things are getting worse. >> they are getting worse. it is not just me or you opining on our thoughts or pontificating about crime, there are hard crime statistics showing a drastic jump in crime. cops are quitting. they're reducing the police force and tourists and citizens alike are taking the brunt of it. i can tell you the only way it is really going to change is when the government in new york city is hit where it counts, in their wallet. when tourists quit coming and the grand reopening doesn't
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work, when everybody levels new york city, because of the crime, maybe then they will scratch their heads, wow, what did we do wrong? stuart: nancy, have you got 30 seconds to tell me about the new series on "fox nation," called, "in the valley of sin." good title. tell me about it, please. >> oh, yes. i do. listen, this is what it boils down to. wenatchee, washington ton, the apple capital of the world. beautiful, rural, family-oriented. about 40 adults charged with nearly 30,000 sex molest crimes, 60 children. what it boils down to, it's a bitter pill for me to follow. these are false accusations. the children were railroaded. i wouldn't believe it if i hadn't talked to them privately myself. the children pointed the finger at their mothers and fathers, got them arrested because they
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were coerced into statements they had been molested. these children have gone their whole lives carrying the guilt of putting mommy and daddy to jail. when they tried to recant, nobody would listen. nobody had the backbone to stand up to say this is wrong. and it's a real cautionary tale. stuart: yes it is. i'm glad you got it, nancy grace. i'm god you put it on "fox nation." that is valuable stuff. appreciate you being here to tell us about it. >> i'm very proud and i thank you. stuart: good for you. you're all right. that is high praise from me. you're all right, nancy grace, we hope you come again soon. thank you very much, nancy. >> thank you. stuart: the compensate tuck derby winner, medina spirit will be retested. it failed its postrace drug test. it will be retested. by the way legendary trainer bob baffert, he has been suspended from churchhill downs. aishah hasnie is with us. she is at a track at belmont
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park. are they planning to race medina at the preakness which is this weekend? reporter: good morning, start. that is the big question. bob baffert plans to racing medina spirit this weekend that combs before the belmont stakes here in new york, but whether that really happens or not depends what happens here in the next couple of days with that second test. so as you know right after the kentucky derby medina spirit won the derby, the horse tested positive for the anti-inflammatory steroid called beta meth. z-ene. there is a second test after split sample. hall of fame trainer bob baffert has been suspended from entering any horses from the track. in a statement a spokesperson for the track, failure to comply with rules and medication protocols jeff dieses the safety of the horses and jockeys, integrity of our sport and the reputation of the kentucky derby
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and all who participate. churchhill downs will not allow it. behalf getter is denying any wrongdoing listen. >> i got the biggest gut punch in racing for something that i didn't do. and this is really, it's distushing. it is an injustice to the horse. i feel like, you know, here you win a race and you're still not, to me -- the, i don't know what is going on in racing right now but there is something from the right. reporter: okay, so if the horse is disqualified, if that second test comes back positive again, the horse will be stripped of its derby title and the $1.86 million purse and mandaloon will be declared the winner, stuart. the only good thing that come out of this, betters won on medina spirit, if medina spirit loses all of this title, they
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will still keep their winnings. that is the one slight silver lining in this. stuart? stuart: yeah. silver lining right there. thank you very much. this is the question, is disney turning from the happiest place on earth from to the wokest place on earth? they're pushing racial politics on their employees. we'll tell you about that. deportations of illegals tumbling to the lowest month ever on record. a massachusetts sheriff says that is good news, for criminals. we'll be back. ♪.
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then we add the speed of verizon 5g. we provide security that's made for business and offer plans as low as $30 per line. more businesses choose verizon than any other network. we are open and ready for you. stuart: despite the border surge, deportations of illegals, those going out of the country, that is a new low, down 20% april to march. down bp 2900 in april. that is a real slow rate. tom hudson is the sheriff in
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bristol, massachusetts. he joins us now. this is the border. the surge across the border into our country. but we've got this slowdown of illegals going out of our country. how does that affect you in bristol, massachusetts? >> well, stuart, thanks for having me. the way it affects us, it translates into more crime, more victimization of our legal residents and citizens of our communities. we're 2500 miles from the border here in massachusetts. over a 10-year period we had an influx of more illegal aliens than any other state in the united states. stuart: look, if you have got this intimidation of your local people, why isn't something being done about it? are the politicians to be blame here? >> absolutely. from washington, you know, from the white house to the congress, and even some of the state legislators, they are so pro-illegal, they're using this as a way to advance their
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political agenda, and putting that as a priority over public safety. it undermines the rule of law and our ability to keep our citizens safe. why would any elected official want to make it less possible for to us keep people safe and maximize our opportunities to do that? stuart: does it have something to do with the hispanic vote, the minority vote? there are those people deported there, is sympathy in those communities? is that what the nature is here? >> absolutely. this is all about politics and trying to garner favor with the immigrant community but what we're doing is, imagine fbi, dea, told they can't partner with the law enforcement with the intelligence? we want people to protect america so we all send a strong message we're not going to stand down on the rule of law. we want elected officials to do their jobs, uphold the oath they
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promised and we did to protect the american people. stuart: have you made any progress with this? >> well we have, sheriffs are mobilized all over the country. citizens joining with us speaking out more. and we are very committed to holding congress and the biden administration responsible to reinstate the policies that were in place, that protected the border which ultimately protected our citizens in the neighborhoods across this nation. stuart: i wish you the best of luck, sheriff. i don't see things changing anytime soon. not significantly, you would agree with that, wouldn't you? >> we're, we're everything takes time but you know what, this is not negotiable. you may have different philosophical view on abortion, climate change, all of that, but the american people by and large have the agreement they don't have different perceptions whether or not their families or neighborhoods should be safe. stuart: got it. sheriff, thank you very much for joining us, sir. we will see you again soon. >> thanks for having me, stuart.
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stuart: sure thing. let's get back to the vaccinations and pfizer. the fda is set to approve the vaccine for youngsters as young as 12 to 15 years of age. could get approval this week. good morning, ash. come on in, please. pfizer has plans to vaccinate even younger kids, i understand. tell me more? ashley: yeah they do. in fact pfizer says it hopes to have the covid vaccine available or at least approved for children two to 11 years old by september. as you say, the vaccine expected to be available for 12 to 15-year-olds in the next few days. but there is a question here. because surveys show not all parents are comfortable at all with their children getting the shot. the kaiser family foundation found that 34% said they want to wait and see how it works first. in other words we're not going to be first. 19% said they would definitely wouldn't have their child vaccinated at all. by the way the biggest concerns
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are the short-term side-effects, unknown long-term side-effects and how quickly the vaccine was developed. that is what is concerning parents right now. so how many will actually get it from their children is unclear. stuart: it is very unclear at the moment. here is another one for you, ash. ashley: yeah. stuart: commerce secretary gina raymond dough admits president biden's failure to reopen the schools. tell us exactly what she said, ash? ashley: the commerce secretary admits that the administration fallen behind in investments in the economy particularly struggling women. speaking on "face the nation" on cbs, the raimondo said so many schools are closed put an unfair burden on mothers who have no choice but to stay home. take a listen. >> women are more likely to be the caretakers. so lack of affordable child care hits women the hardest. the fact schools were closed,
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many still remain closed hits women harder. ashley: why are so many schools remaining closed? maybe that should have been a follow-up question. the commerce secretary says not only school closings are hurting women but also many industries that provided opportunities are a long way from recovering from the before the pandemic. stuart: you're absolutely right, ashley, why wasn't the follow-up question, so why are the schools still closed? why are kids not in the classroom? why? come on, you got a teachers administration here, why? come on. beg as follow-up question which was never delivered. ashley, good stuff today. elon musk bringing dogecoin to "saturday night live." >> what is dogecoin? [laughter]. >> glad you asked. good question. well it is the future of currency. unstoppable financial vehicle that will take over the world.
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>> so it's a hustle? >> yeah it's a hustle. stuart: that didn't help dogecoin's price. as he was saying that the price is plunging. it still hasn't recovered. doge quoted at 51 cents this morning. musk is not a very good pitchman in my personal opinion. we have a new report, it reveals the bill and melinda gates split has been for a while. it has something to do with jeffrey epstein. ♪.
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the. that is clearwater, florida, 83 degrees. an uncrowded beach and pier to go at if you're there. now this, we're learning more details on what may have led to bill and melinda gates' divorce. william la jeunesse is following the story. it comes back to jeffrey epstein, william? reporter: it does, stuart. the question how much of that 25 year marriage did that relationship between bill gates and jeffrey epstein matter n a joint statement, the gates said their marriage was irrevokably broken and they could no longer go on as a couple. melinda gates was worried about the relationship with pedophile billionaire jeffrey epstein after meeting him in 2013 four years after epstein went to prison for having sex a minor. bill gates in the past said i met him, didn't have any business or friendship with him. new york sometimes says bill gates met epstein on
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several occasions once at his manhattan townhouse. epstein committed suicide after being arrested for trafficking underage women in 2019. this is how gates explained their relationship. >> any people with a reputation spending time with him probably gave him an undeserved sense of, you know, being back in the mainstream or not instead after pariah. so my doing that was a mistake n that case i made a mistake in judgment i thought that, those discussions would lead, literally to billions of dollars going to global health. turned out that was a bad judgment. that was a mirage. that money never appeared. i gave him some benefit by the association. so i made a doubly wrong mistake there. reporter: gates first met epstein in 2011 when they were joined by former miss sweden. in an email gates told friends, quote his life-style is very different and kind of intriguing although it would not work for
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me, unquote. gates' spokesperson says the email refers only to epstein's unique decor in his apartment, and habit of spontaneously bringing friend to meet bill gates, unquote. they were married for 27 years. a med eight tore will divide their 145 billion-dollar fortune. stuart. stuart: william, we understand. thank you very much indeed. check the markets. split decision. we have the same. the dow industrials just around 35,000, big gain, huge drop for the nasdaq. susan is watching alibaba. what is the story? susan: surprise, jack ma outing, a rare visit to the alibaba headquarters in china. that is making news. after beijing killed his record breaking ipo. jack ma was not seen for a while. this type of visit obviously makes news. amazon is kicking off a eight-part bond sale to raise cash, first in a year. talking about its palm reading technology.
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amazon won in new york city after they ruled it out in seattle and washington state. apple is announcing another 45 million-dollar investment in corning today. that makes that tough, that ceramic shield, that glass that go on the new iphones. stuart: some big losses for big tech today. susan: yeah. stuart: all across the board. the moment has come, susan. we'll talk doge coin. yeah, we're going to talk it. doge plunged during musk's performance on saturday night. if that was a pitch, if he was making a pitch for doge, it was a total failure all across the board, wasn't it? susan: i would say 12,000% up on the year. not necessarily a failure. dogecoin was really down at the start of the show, right? it hit 40 cents at the bottom, down by 30% on "saturday night live." yes, elon musk have fanned the flames of doubt by saying this in this sketch. >> for instance, here is a dollar, right? it's real.
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>> real. >> so what is dogecoin? [laughter]. >> about as real as that dollar. >> i get that, but is it, man? [laughter]. >> i keep telling you it's a cryptocurrency you can trade for conventional money. >> oh. so it's a hustle? >> yeah it is a hustle. [applause] susan: yeah. so it was important that is still the rally cry. sounds like elon musk is still on board with dogecoin. you have to remember he was in character of a traditional financial advisor who are usually ignorant in dogecoin according to the believers, but, spacex just announced that doge on flight to the moon, only accepting doge. actually helped boost dogecoin prices back up to 50 cents plus. stuart: he seemed to be moving around all over the place. i have mean the man couldn't sit still. he was, you know. waving his arms.
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susan: boring "saturday night live." i thought he did better than most. would i say also wouldn't you say that it was so touching he said he was first host with asperger's to host "snl"? stuart: fine with me. i don't know what the big fuss was about. i don't think it turned out as well as people thought about. that is just me. i didn't watch because i was asleep. thank you, susan. a university offering 1000-dollar incentive to students to get the jab. is that cash? but i will ask him. the president of the school is here. ♪.
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stuart: it is 10:a 512 you know what that means. 10:51, brian kilmeade appears miraculously on the right-hand side of your screen. brian, i don't know what to make about dr. fauci. maybe time to relax indoor mask mandates. i'm not sure where he stands on masking being worn outdoors. completely confused me, brian. >> he doesn't prethink anywhere. he goes on there, dues scientific surfing. goes around, plays defense, uses a lot of big words.
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i can't believe people listen to him at this point. where does he have time to study data? he is on television 18 hours a day. dr. scott god leeb, doctors we have here, they have been say what he has said directly. almost time to relax. not take in natural immunity. not take in people that have it. antibodies, that would be the ticket until vaccines came. we might be at herd immunity right now. for some reason he is invested in everyone taking the vaccine. invested whatever joe biden is saying, findings cover the edict out of white house, where he spent two years trying to subtle ly contradict donald trump's white house. we said he love's rachel maddow show. this is not johnny carson seas
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tonight show. he likes the political show like rachel maddow. if you're a doctor, cheering the fact rachel maddow booked him, wanted to come on so much earlier, you have to discount what he is saying. he has never come clean about the nih money given to the wuhan lab. he never speaks about the origin of this virus in great detail or urgency, if it doesn't matter. doesn't matter? until we find out how we got it, we'll never find out how to stop it. i find it hard to believe that people listening to him, when he came out and said also, maybe a different times during the year we were all going to wear masks to stop the flu. really? we're not going outside. walk around in masks the rest of our lives. we feel flu season, allergies are in the air. we can do that i'm done with his recommendations. stuart: why are we like this? we came out after weekend it seemed to me we pretty much returned to normal in many, many parts of the country. and yet we still got these mask
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advisories. the president still appears in a mask. seems to me the we the people, are way out front of the politicians, especially democrats, because we have demanded our freedom, and a lot of us have got it. we're out front of the politicians here? >> because we listen to a president condemned not following the science. here we'll follow the science. he let's his scientists lead policy which is not the point. they have an area of expertise. they are supposed to give that to him. he is supposed to tell us the policy. having said that we realize he is contradicting himself everywhere he goes. if you're vaccinated you can go outside without a mask, unless you're president biden. he is worried about you, that is why he wears a mask. excuse me, almost no chance of spreading the virus. take the mask off. if you're worried about, wondering curious why people are not taking the vaccine, people are wondering why the president of the united states doesn't trust the vaccine. why is it that you're wearing two masks inside to a fully
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vaccinated press corps? it makes no sense. dr. scott gottlieb said it is time to relax indoor vaccines, indoor masking. why are we doing it? every one had the option just up till 18 getting a vaccine. i'm not telling you what to do. you make your judgment, judging by the science. you live your life the way you want, we did our vaccine, did our research, did it. , that means we're almost impervious to getting. this let us live our lives. using words giving us the privilege of going here. the privilege of going to broadway. the privilege of going indoor dining without a mask or going to work without a mask. the privilege? who are you to give us privilege to live our lives? we got your virus. we understand the rules. now get out of the way. stuart: exactly right. brian kilmeade, by the way we'll be watching you tonight. fox news prime time, 7:00 eastern tonight, you will be hosting tonight, in fact for the whole week i believe. we'll be following you, brian. thanks very much for being with
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us on "varney" this morning. >> you got it. stuart: sure thing, man. dow industrials close to 35,000. that is above that level earlier today. dow up, nasdaqdown. look who is coming on the show? governor jim justice, the governor of west virginia, charles hurt back with us, so too is tom homan. plus the woke brigade has gotten ahold of disney. i have got details on that in "my take." you are not going to like it. we'll be right back. ♪. . . .
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>> were focused on making sure we get more mississippians back because that is ultimately the light at the end of the tunnel, were down 90% and we have a state that is fully reopened and were doing quite well. >> vaccination is working rewarding people if you get the vaccine you're not going to get covid almost definitely not going to get covid. >> i couldn't get to vegas so i figured $100 might be good. >> we've been buying consistently and we must walk the walk in order to keep rates low and demonstrate inflammation
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is not going to spiral out of control. >> look at the latest forecast by the federal reserve gdp, they are estimating that were on track for 10% growth, if that holds then that means by the end of june we will have a gdp that can fully recover ♪ ♪. stuart: 11:00 o'clock eastern time on the east coast of the united states and it is monday may the tenth, a lot of action in stock prices this morning, the dow jones industrial average hit another record high above 35000, i believe that is the 25th all-time record high, 35018 as we speak, on the other side is the nasdaq which is down 1.6%, 224 points, how about that, show me the ten year
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treasury, we often have the nasdaq go down when the yield on the treasury goes up, this morning we have the yield going down to 1.57% but technology still getting sold off, big tech for example all the major tech companies are on the downside and significantly two, facebook down 4% as we speak into percent losses for alphabet and amazon as well. dow industrial straight up, big tech in the nasdaq straight down, that is the situation, now this. >> the walt disney company believes america was founded on systemic racism. that comes as quite a shock from the company that is supposed to run the happiest place on earth, the woke brigade got a hold of them, a new training manual reported in the washington examiner, says new disney employees must educate themselves on structure
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anti-black racism. white people are encouraged if a lot of checklist, they must deal with concepts like white fragility and white saviors disney wanted employees to be their own racial therapist is seem strange coming from disney which in the past is a united contract but as a private enterprise operation they can vow to the woke crowd if they wish but public schools funded with tax dollars, they should not be doing this, they should not be encouraging racial antagonism but that's exactly what they are doing with critical race theory, now making its way into school systems across the country, this is similar to disney's woke train materials, kids in schools are taught america is based on systemic racism white privilege, they're not allowed to be silent, it is guaranteed to
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produce resentment and division, fortunately there is a powerful movement of parents and educators to stop critical race theories, stop it, that is good i think. we should not be teaching our children the everything is about skin color in disney should not be trading its future employees to apologize for snow white. the third hour of "varney & company" just getting started. ♪. stuart: we should tell you disney is defending its employee trading in a statement which says the following these internal documents are being deliberately distorted as reflective a copy policy. when in fact their purpose was to allow diversity of thought and discussion on the incredibly challenging issue of race in this termination but we as a
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society and companies nationwide are facing, that is from disney. charles hurt joins us, the color of your skin now dominates a workforce, i don't think that's unequal at all. >> it is horrible and i found myself, i wanted to cheer at your opening monologue because you're exactly right, the only way to combat this is for people to stand up and say enough of the nonsense, america is not a racist place and it's interesting that they can about disney, the history of disney as entwined as any american company in the past 100 years of america, for them to sit there and claim that america is systemically founded in racism, it only tells us one thing, is said maybe disney is somehow systemically racist, because they cannot speak for america, they can only speak for disney but it's astonishing and you're
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exactly right all the stuff encourages resentment and forces people in the worst when you're talking about schools and children, when you force children to look at everybody based on the color of their skin, you know what you're going to get out of that, not less racism, not more unity but less unity and more racism. stuart: absolutely right, i'm going to move on from that subject because we really hammered it recently but we should be hammering it because it's a major issue facing corporations in schools today, it's right front and center. >> some of the greatest victims of the whole campaign are children of color who are taught in schools by disney everywhere from the earliest age that america is racist, give up, you will never get a fair shot at anything, no reason to even try,
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can you imagine raising children and filling them with that kind of view of the world. why would they ever try to do anything or accomplish anything if this is the world that your schools are poisoning their minds with, it is just horrifying speak what it is, i'm glad were on the same page on this one. let me move on really fast, house republicans going to vote wednesday probably to remove liz cheney, she is a trump critic and they're probably going to remove her from her post as republican conference chair, do you think the future of the republican party has donald trump as its leader? what do you think. >> yes, i do think that it has, either has donald trump as actual leader or it has the ideas that he and he alone brought to the republican party, the problem with liz cheney is not that she opposed donald trump, there's plenty people who opposed donald trump and the
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republican party and perfectly capable and functioning members of the republican party, the problem she won't stop talking about donald trump, the important thing are the issues that donald trump brought to the republican party that the republican party ignored for decades and he is exactly right and the reason he got elected in 2016 about 75 million voters in 2020 is because of the issues that he brought to the table. if liz cheney wants to talk about donald trump or whatever so she can ignore those important issues that donald trump brought to the table that brought all the new voters to the republican party then she has no place in the republican party. stuart: it's been a long time since you been on the show and the next time you come on -- >> i'm always eager to be with you. stuart: next time you come on i want you to tell us how you lost so much weight, will save until then, i know you have i can tell, you lost it, i gained it.
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it's as simple as that. we will see you real soon. i'm laughing, working to get to the markets because we have an extraordinary situation, the dow is up 263 and the nasdaq is down 222 and susan is looking at facebook and google, what you have. susan: and i asked me how i lost my way, you don't think of the great? stuart: it's not on me too make any comments on the way that you look susan, i know these things. susan: i love making you sweat, let's get back to the market, he's had enough sweating, facebook and google getting a downgrade for the mega tech cap names, that's because city downgraded don't buy, don't sell, facebook is worth $320 in their view, google still worth 2415, a little bit of an upside
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city thanks wall street is overestimating the bounce back in digital advertising, however, it looked pretty good for these names in tesla is down along with the nasdaq selloff but elon musk was a new york city hosting snl over the weekend also bringing along the fiber truck, the big apple at the meatpacking showroom over the weekend also taken out for a spin on the streets of new york city, i'm not sure if you're allowed over the weekend if you were in new jersey at your farm but a lot of people were spotting and we have a lot of potential and a lot of people saying what is that, that is a fiber truck, it looks different. stuart: if i saw something like that driving down the street, i would look twice especially after elon musk was out the meal. stuart: we've been talking about google and facebook on the way down, look at amazon down 2.3%. susan: we have lots of news headlines from amazon, protest
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might be working for amazon, you have to remember that cloud rival microsoft at 10 billion-dollar jedi contract in 2019 during the trauma administration which amazon said was politically motivated because mr. trump did not like the reporting in jeff bezos washington post, to avoid these losses and complaint in the future, the pentagon is considering scrapping a 10 billion-dollar contract over ten years and they said that they want to form as multiple event so nobody complains or files lawsuits, also the world's richest person in jeff bezos which 190 billion and counting, he ordered a football meal size super yacht that will cost a half a billion dollars, helipad included in multiple decks, one of the largest super yachts, supposed to be finished next month and delivered, we know basal's can afford it, over $85 billion in wealth during the pandemic any stepping down of ceo from day-to-day operations
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of the third-quarter so he'll have more time to enjoy his mega toys. stuart: i hope he does get seasick like me. he's too small. you're referring to the fact that i cannot swim, a lot of you do not know that but i cannot swim. i'm not a water guy. the chinese rocket towards earth, it did crash into the ocean, nobody hurt manasseh is. , will tell you why, not requiring students to get vaccinated that i give you a thousand bucks to students who do get the job, cash, i'm not sure, who will join me, democrats want to make the new child tax credit permanent, critics say it'll be the largest trial of inc. trial of universal basic income in history. we have a report from
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stuart: look at this the administration of one point said the border is closed, these are life shots from texas w illegals walking across the river into america, that is a live shot, that is happening as we speak. don't tell us that the border is close, dawes beasley is not. we will take you to the border momentarily for more of what's happening right now.
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congressional democrats to make the standard child tax credit permanent. hillary vaughn is with us, how much would that cost? >> a one-year expansion is going to cost $110 billion according to one estimate but making it permanent the tax foundation would cost 1.6 trillion just over the first decade of a being put in place, democrats are already using mother's day as a way to hike the extra cash coming to mother's bank accounts reminding moms to file their taxes so they can cash in on the extra money president biden not only beefed up the child tax credit but made the cash upfront for families every month, now democrats want to make that permanent, biden has agreed to extend another four years so far but he is facing pressure from the left to go all the way, the ctc six a group of democratic lawmakers is pushing legislation
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on capitol hill to make the monthly cash payments here to stay. we talked a lot about this the big concern from conservatives is a way that this paid out this is cash deposited into people's bank accounts every single month in that process be put in place, conservatives are concerned is paving the way for universal basic income. stuart: that is exactly what it is universal basic income, payments in cash per month . . . that is universal basic income and they want to keep it that way, great report, you put right into the heart of that. we appreciate that. stuart: then there's this rowan university in new jersey offering a $1000 incentive for students to get the vaccine. the president of that university joins me now. you are offering $1000 to get the job, is adding cash
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customer. >> from tuition and fees because that money, really these belong to the taxpayers in trying to save money and we think it's a right thing to do. cover with tuition and fees and people need help there's a lot of students that need help. stuart: what about students living on campus who do not yet vaccinated and don't take cash, can they be there? >> of course, the students can opt out for reasons, religious reasons but we believe in a democratic society enforcement is the right thing to do, encouragement and education the
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education institution we need to educate people and show them how to make decisions. stuart: after the summer break comes september october time is the university going to become back 100%, all the students coming back in person, five days a week, class room learning? >> six days a week, yes. stuart: so your back fully completely, that is it? >> that is my intention, we believe we should be able to function back to some sense of normalcy, yes. stuart: in high schools, public schools there is some reluctance on the part of the teaching staff to come back into the classroom, is there any reluctance against your college staff to come back into the classroom? >> yes there is reluctance on a number of people, to me it is frustrating, we need to make
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sure our campus is safe and we are encouraging the staff and faculty also to get vaccinated and we made vaccines available and we vaccinated more than 40000 people. we do really well although them to be vaccinated in quite honestly i think it's wrong and it needs to let the economy run smoothly and that people get back to their work and it's wrong for people to keep on staying at home and not working it is just wrong. stuart: have you given any student the $1000 cash and. >> i'm not sure that we've started doing so, this goes into their account when the bill comes for tuition and fees and we subtract that. stuart: that is a remarkable thing that you are doing that
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for all the right reasons. thank you very much for being on the program, which applies to you, come again soon intelligence how much cash you have handed out, we appreciate it. air travel, gotta tell you about that, we just had a record blockbuster we can, 1.7 million passengers went to the tsa checkpoint on sunday, 1,707,805 that is the busiest day for travel since march of last year, i'm telling you is he like back to normal this weekend. remember we told you about a bello airlines, the ceo is on the show a budget carrier known for super cheap flights, i know they're going to expand, ashley is going to tell us where they are expanding to. ashley: super cheap flights, they will be in new haven connecticut, no routes have been
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announced yet but it is expected that they will offer flights across the east coast and the southeast, the budget airline launched its first flight last month at a burbank, california focusing on smaller low cost less hassle airports, new haven is sandwiched right between connecticut and new york city, the two closest cities that offer low-cost carriers in air travelers that would have a third option with abalone airlines, i wish them the best of luck. stuart: i think it's a very good idea if you fly into the smaller airports, you're in and out and it's really fast, it really makes a difference, i appreciate that, this one is for you, wait for it, wait for. what is this about getting a free pfizer job at dracula's castle, there is no dracula's castle in america. ashley: there is not, it is a castle that legend says helped inspire dracula and romania. , there it is is going to offer
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covid-19 vaccines, instead of things the castle is offering free pfizer vaccines for visitors every week and this month, not only can visitors show up without an appointment, they will receive free admission to the exhibit of mid-evil torture instruments, by the way the country of romania boasts one of the highest vaccine hesitancy rate, they're not sure about it nearly half of the population does not want to get vaccinated, i'm not really sure whether dracula's castle with the torture instruments is the best incentive. we will have to wait and see. stuart: point taken ashley webster. by the way i hope you look at the bottom right-hand corner of your screen, the dow is up 306-point, close to 35100, were keeping an eye on that, guaranteed. look at the pictures, just crossing the border in the river
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of del rio texas that was happening live, a couple minutes ago, streaming across the river live, we have a report on that coming up next. just over a year ago, i was drowning in credit card debt. sofi helped me pay off twenty-three thousand dollars of credit card debt. they helped me consolidate all of that into one low monthly payment. they make you feel like it's an honor for them to help you out. i went from sleepless nights to getting my money right. so thank you. ♪ ♪ incomparable design makes it beautiful. state of the art technology, makes it brilliant. the visionary lexus nx. lease the 2021 nx 300 for $349 a month for 36 months.
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stuart: bidens border crosses, we do should do this, people walking across the river into texas, bill melugin got those pictures for us, he is in del rios section texas, fill us in, what is going on here? >> this is the third day in a row we've seen this thing happen, this turned out to be the biggest group so far, more than 50 migrants just crossing the rio grande moments ago you sought live on tv. [speaking in native tongue] >> everybody saying that from venezuela. [speaking in native tongue] >> i asked if you have family in the united states, you see a lot of them raising their hands, this is exactly what we saw yesterday and the day before, large groups of venezuelan migrants crossing the real and entered the rio grande excuse me when the river is lower in safe
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and presenting themselves to local law enforcement in del rio texas, these are state troopers and local deputies who are processing other migrants, border patrol is not here yet, they are extremely overwhelmed, stretched extremely thin so they have to wait quite a bit for border patrol officers to get here, the last few days we talked all these migrants asking why they came here, where they're coming from, almost all of the member in venezuela and cuba, many of them tell us a few the local government in venezuela and coming in for a better opportunities and i asked a man yesterday, how did he get here, his family crossed into columbia and they pay to get on a flight to go to mexico and then they took a bus to the border crossing area where we are now and they crossed the rio grande, we hear the administration saying things are getting under control the border, the border is closed, i can tell you from what we've been saying on the ground the border is not closed, will send it back to you. stuart: bill right on the spot getting great pictures at a remarkable story, thank you very much for being with us on the
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show today, what he just did was to show us exactly what is happening in real time, people streaming across the border extraordinary stuff, the market, the dow industrial of 300 points, 35078, that's what we breached, look at the nasdaq all the way down 200 points, 13500, what is split, industrials up, technology down. no sensible reason for that, but that's what's happening right now on wall street. you remember the chinese rocket debris heading towards earth, it did land in the indian ocean, ashley, we know that, what is nasa saying about it. ashley: nasa is giving china rocket up its own scolding the country for failing to meet responsible space faring standards, after remnants of china's rocket landed, nasa
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administrator it's critical that china and all nations, spacefaring nations and commercial entities act responsibly and transparently in space to ensure the safety, stability, security and long-term sustainability of outerspace activity, in other words they did not play by accepting rules, by doing so it would minimize the risk to people and property and on earth, that is a little bit of a captain obvious statement, we don't want to interrupt it, discarded rocket stages reenter the atmosphere over by the water soon after lift off and don't actually going to orbit, it is very unclear why china actually put this particular rocket into space, they are getting a heck of a lot of criticism. stuart: yes they are, thank you, stay right there, we got more
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for you, elon musk wants to send does going to the moon. spacex, that is his base operation, is it accepting those doesgoing as payment calling ite first crypto and first meme in space, spacex has already accepted dogecoin as payment to launch a satellite appropriately to them when moon next year the energy corporation which is funding the mission called it the first-ever commercial lunar payload in history paid for entirely with dogecoin which started as a joke, geometric says dogecoin is now the official currency for all lunar business between spacex and gec in the future calling it sophisticated, fast, reliable and cryptographically secure, i
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think that the made-up work, cryptographically secure. stuart: the bottom line the value of dogecoin is all over the place. ashley: here to stay. stuart: medina spirit, that is the horse that won the derby and failed a drug test, could be disqualified from the derby, the race and lose its title, the trainer bob baffert just spoke out moments ago, were gonna tell you what he had to save all of this, the cost of lumber tripling in the past year, i can hardly believe this but adding an average of $36000 to a price of a new home that is on average 36000 amazing we got the report from chicago next.
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stuart: we've been showing you these pictures for the last half-hour these are migrants walking in real time just across the border getting into texas, were joined by tom homan former acting ice director joining us on the phone, things seem to be getting worse. >> they absolutely are getting worse, the administration said last week that they got this under control, what they mean by that is that they're getting better at releasing people quicker, border patrol facilities are overflowing but where they're sending them is overflowing. stuart: i don't know whether you can see this but you can see people walking across the river in the background is the trail were loads of people are walking down the trail walking towards the river and walking across, i
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don't know how many there are that it's a lot of people, you've just been to the border, did you see something similar when you were there. >> absolutely i was out there 1:00 o'clock in the morning and border patrol agents apprehended almost 200 family units within ten minutes, two separate groups added up to almost 200 and while they were doing that, here's the issue while they were attentive to the family units they told border patrol agents from various areas, miles and miles of border were unprotected to take care of the family units and that's what you and i been talking about for a long time the cartels and large groups of families through a certain area at a certain time so they title the border patrol resources up, that's when they move fentanyl, opioid, gang members and people that don't want to get caught they send them to the unprotected border. stuart: this is extraordinary, we have it on tape showing
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people as it is happening, streaming across what looks like an open border, tom homan thank you for jumping on the phone, we appreciate you coming on and we hope to see you again soon. remarkable video, just remarkable. now this movie not completely the cost of lumber really skyrocketing, you could pay more for a new home, grady trimble is in chicago, come on in, how much have prices increased on average because of the lumber price hike. >> this type of lumber would build homes of 250% year over year end john knows us as much as anybody he is the owner at acme lumber, what is behind this now because we were here seen prices skyrocket in their up even more now. >> everyone decides they want to buy a house, construction is way up and there is a shortage, everyone staying at home, their
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having supply problems with the mills, with trucking and it's driving everything berserk. >> you say they can't find workers to drive the trucks and that's part of what's driving prices up. >> that is part of it with a high demand and low interest rates and everyone buying houses. >> if you look at the numbers for houses the national association of homebuilders says the price of a new home will go up $36000 because of this rent if it's in a new building will be up $119 a month, when does it send. >> i have no idea what people get back to work and things get back to normal. >> it's not just this type of framing lumber it's is the type of lumber to build a deck or shed or pretty much every type of lumber is up 250 - 300% right now. stuart: i did not realize the average price of a home was up 35 - $36000 because of the
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jumping lumber prices, that is really something else, great story right in the middle, thank you very much indeed, turning to the cyber attack on the colonial pipeline, this is a very big deal, it is still shut down, what is being done to secure it and reopen it. ashley: trying to track down those responsible to the ransom or attack, let's be honest one of the countries critical pipelines that transport half of the east coast supplies, the shut down has entered a fourth day being called one of the most disruptive digital ransom scheme ever reported, they're just trying to track down those responsible, they think they know who, the shotgun has disrupted fuel supply across the eastern u.s., trickled isolated sales pushing gas prices to a three-year high, you can see the pipeline right here, the question who is behind this attack, unconfirmed reports suggest a cyber criminal group
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called darkside they are the ones that are believed to be behind it a group of veteran cyber criminals with squeezing as much money as they can from their targets and so far this is turning into a disaster situation the white house has used a federal task force to express the in impact to try to find out how they can get to the people responsible but this is frightening stuff, the key pipeline in this country can be held ransom by a group of individuals who knows where they are, as you can imagine other critical parts of the infrastructure could suffer the same attack. stuart: if the we and somewhere demands are paid off in bitcoin or any other crypto that doesn't look good for the crypto, very bad publicity, if you can ransom off a pipeline using bitcoin, bitcoin goes down in popularity with the propositions i suspect,
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thank you. caesars was set to sell one of its resources year, now they are delaying the sale, will tell you why coming up, west virginia offering hundred dollars savings bonds the young people to get the job i want to know why they need that incentive, the governor jim justice is here. ♪ in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business
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♪ ♪. stuart: the dow industrials 35054, it's a rally this monday morning and take a look at this west virginia offering $100 savings bonds to young residents who get the job they governor of west virginia jim justice and he joins me now, governor why does your state have a low vaccination rate. >> first of all thank you for having me, here's the whole
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thing west virginia led the way, we all know that, we led the way in her vaccination rate right off the get-go, saved a bunch of lives and were really proud of that but like any state and some point time you gonna hit the wall and just think with her 65 years of age we are about 85% vaccination we want to get our 50 -year-olds in older were at 55% of our total population that is eligible, we want to get them to 74 to 65 at least but with all of that, the whole nation is going to hit the same wall, a lot of people were behind west virginia but everybody's going to hit the ball where you get resistance and a lot happened with johnson & johnson, that truly slowed us down but were trying every marketing gimmick in the book and were getting their but you gotta work at it. stuart: your ending your state
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mask mandate on june the 20th that is some way down the road why the delay. [screams] i think it's going to take a thought long in order to get 16 - 35 euros, that's a real sweet spot for us to get vaccinated. the good part about it with recommendation of our medical experts but that's west virginia's birthday, it seems like a real appropriate time to celebrate, we could identify were ten days earlier but tied to the dean's birthday, i thought it was a good thing. stuart: last one how many hundred dollars savings bond have you handed out? >> its way to be in the tens and tens and tens of thousands, i think it will cost west virginia somewhere in the neighborhood of
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probably 18 - 23 or $24 million, were gonna give a lot of them away. that is for sure. stuart: will get them vaccinated, thank you for joining us, we always appreciated. thank you very much. stuart: the dow industrial standing at 35063. that is a rally for the dow, an update on the derby winner that will be medina spirit that failed the drug test are update comes from bob baffert the trainer of medina spirit, he is speaking out, what is he saying. ashley: he is pretty upset, the trainer continues to deny the use of any band steroids, take a listen. >> that horse has never been treated with that, it did not happen and that's a really seriously troubling part of it, we did not cheat to win the kentucky derby.
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stuart: we did not cheat, what is all this mean the people on the big race, to get your money back, odds are no, once a race is over the betting results are final no matter what happens afterwards and that appears to be the law in every state, as medina spirit test positive for a band steroids a second time then second-place finish remote under mandolin will be declared the winner is unlikely the wager will be impacted at all, the race is done. by the way this is happened before in 1968 derby was disqualified but wages were not impacted in the same expected now, bob baffert says he plans to raise medina spirit this weekend. stuart: okay, the derby it used to be a straight horse race, it's a bit more copy to these days, how about caesars, we know delaying the plan to sell one of the biggest casinos, why the
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delay? ashley: it's interesting caesars says it makes sense to delay the sale until the property is up and running full capacity, don't judge it on what it's doing now, the casino giant says it plans to sell one of the eight las vegas strip resorts after merging with el dorado resorts, there is no idea which casino will be sold, caesars posted a net loss of 423 million for the first quarter of the year but the company believes business in vegas will continue to improve as the year goes on, so is expected the casino sales could happen sometime next year, just give us a chance to prove what it can do under normal or at least close to normal traditions of possible. stuart: we hear you, thank you very much indeed. it is time for monday's trivia question. what is the rarest color and a bag of m&ms, haven't a clue. but we will tell you the answer
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i got that right. i picked brown. normally i get the trivia questions wrong every time, when it comes to chocolate i'm your man. stuart: okay. what's the most popular, there are more of what color m&ms more than any other? what is the color most of them? ashley: i would say yellow or green but i know it is wrong, the prompter is in front of me. stuart: blue, blue. i can tell it. believe me, it is blue. look who is here, david asman, not particularly keen on m&ms or smarties. david: absolutely not true. m&ms are my favorite. there was a rumor it was green. rock and roll stars were demanding nothing but green in nair own green room before they went on to perform. i was wrong on both counts, who knew, who knew. thank you, stu. welcome to cavuto "coast to coast." i'm david asman in for neil today. a busy two hou
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