to learn more, text thrive to 444555, or visit thrivent.com. maria: a big thank you, great show, good to see you both. have a great day. "varney and company" begins next. take it away and congratulations on a fantastic interview with donald trump yesterday. stuart: i think it worked. thanks for that and good morning everyone. here is where we start today. trouble for bitcoin. it didn't help when donald trump appeared on this program 24 hours ago and called bitcoin a scam. trump people support cryptos and it didn't help when the justice department got into a

crypto wallet and returned the bitcoin ran some money the pipeline company had paid. evidently bitcoin is not untouchable. a lot of investors thought it was. bitcoin is now about half the value as 6 weeks ago. by the way, in one hour, pipeline cheap executive officer will be grilled on capitol hill. let's go to the stock market, not that much price movement, the dow is about 100 points away from its record all-time high. the s&p if it closed six points higher than yesterday's close, that will be a new all-time high and the nasdaq, 13-8, up 70 points this morning, modest rally across the board. then there is this. vice president harris tells the people of central america do not come. the left, the open borders people, did not like that, barely suppressing their anger,

aoc said it was disappointing, democrats are split. senator manzo the chin is catching a lot of flak after his split on voting reform plus he wants to keep the filibuster and that means democrats will be having a very hard time getting there radical agenda through this congress. we have a very big show for you today. the new alzheimer's treatment gives hope to millions. how effective is it? doctor siegel on that subject. you are going to meet the newly elected mayor of the texas border town with an 85% hispanic electorate. xavier villalobos is a republican. you will see the latest 3 of a kind rolls-royce, only making three of these, it is called the boat tail model. you will understand why. it is the boat tail model. only three of them. stay there please. you are about to see kamala harris in total disarray

ongoing to the border. tuesday june 8th, 2021. "varney and company" is about to begin. stuart: please watch vice president kamala harris flustered when asked about going to the border. role tape. >> any plans to visit the border? >> at some point -- we are going to the border. we have been to the border. this whole thing about the border, we have been to the border. >> you haven't been to the border. >> and i haven't been to europe. i don't understand the point you are making. i'm not discounting the importance of the border.

stuart: much more on this throughout the show and that is a promise. i have breaking news. this is a big deal. a massive outage has hit sites such as redit, the new york times and bloomberg. can you explain what is going on here? >> who and cnn, this goes back to fast lane, san francisco-based cloud company and what it does is it helps these media companies deliver content via the cloud to a global outage early this morning, before 6:00 am or so. they have found the problem, they affixed it to the website, there are backup according to that. amazon, paypal reporting disruptions as well. amazon web services, the largest cloud producer and provider in the world reportedly down as well and what the service cut says, a handful of tech companies like amazon web services support the

big companies and when it goes down, service goes down, takes a lot of the internet along with them. that's not good for users and not good for business as you can imagine. stuart: it is not a random where takedown. it is a glitch. that is it. 10:00 eastern the ceo of colonial pipeline who chose to pay hackers 75 bitcoin ransom will face the senate homeland security committee. do we have any idea how officials got the bitcoin ransom money? >> the entire crypto world is wondering the same thing. the fbi beat the hackers in this case by gaining a password to the digital wallet kept and stored in northern california. the fbi, 75 bitcoins paid the ransom and the feds were only

able to do this after the colonial pipeline operator alerted them early on a ransom attack and ransom that was being asked. the fbi tracked multiple transfers to a specific address for which somehow the fbi had a specific key. how they got the key is the mystery, the big question but it woke up the entire crypto world which is why bitcoin is at 32,000. maybe it is traceable after all and how thick are these digital wallet in the us or anywhere in the world, say the government can demand these passwords and keys? does that and your crypto is safe? probably not. stuart: it is the safety and privacy and secrecy of bitcoin which is in question and was exposed yesterday when the fbi got the bitcoin money back, very big deal.

bitcoin dipped yesterday, after donald trump joined this show and said this about bitcoin. >> my opinion is with the currency of this world should be the dollar and i don't think we should have all the bitcoin's of the world out there. they should regulate them very high. the currency should be the dollar. bitcoin seems like a scam. i don't like it because it is another currency competing against the dollar, essentially it is a currency competing against the dollar. i want the dollar to be the currency of the world. stuart: market watcher luke lloyd joins me right now. do you think bitcoin is a bubble? do you think the bloom is off the bitcoin rose? what do you say? >> all my buddies are texting the questions, should they buy game stock or amc? how he trade the stock market

while he drives people around which is scary. at the airport, i never heard of. a lot of people say these recent eventss just like the stories of the paper boys talking about the stock market before the great depression. history tends to repeat itself. it is not in the stock market. and it mean stock market pulls rise, higher stock prices. people didn't have a smartphone to access information in 1929. the bubble that will burst will be a crypto currency, crypto currency, the crash will come from regulation. the government won't go after bitcoin. i'm sure you heard too big to fail come bitcoin is too began to make too many people mad that they go after it. government can go after the small coins first and smart small. they will get smacked. stuart: we shall see on that one. i want you to comment on this. when the's free market, that stock is up 20%, 21%, eyesight

25% higher. is wendy's now i mean stock? >> you never know where the redit crowd is going to go. going to win the's right now and getting a bacon dinner does not sound very interesting or good to me. going forward you have to play the meme stock by the companies that are just going up 20%, 30% without fundamental news. one of the stock lie owners like is if you be oh which is growing quarter over quarter and the future of sports gambling, sit on your couch and betting on a sport, football, passing the ball next. that is the future of the industry, that is the stock i want to play but you never know where it will go next. for me today trade these stocks you have to watch them every single day, you don't know how today trade, the fundamental analysis, wait for the stocks. stuart: if you get a lot of social media mentions, any

start, it becomes a meme stock and that is ridiculous. >> it is down right now. stuart: i think it is back up again. thanks. i want to see biogen. that stock is down a fraction. yesterday it surged on the market 38%. the fda approved its alzheimer's drug, the first new therapy for that condition in nearly two decades. look who is here, doctor mark siegel. great to see you on the show. this is really big news affecting a lot of people. how effective is it? do we know? >> we don't know. one study out of biogen showed 22% effectiveness given high doses, but we don't know long-term. i tell you what is exciting about this, all timers disease is a buildup of amyloid plaques in the brain.

this is the first drug that actually prevents those plaques from building up. we know it works doing that. we don't know what the long-term effect of that is, are they the result of alzheimer's who do they cause alzheimer's? we don't know but it is very promising. it is a huge groundbreaking step in the right direction and i am glad it was approved. there was a lot of controversy over approving it because it has side effects and doesn't work in all cases but it is a big step. the center for drug evaluation and research stepped up to the plate, approved it and said let's study it in millions going forward and see how it goes. the problem is you are not able to get anybody to agree to take a placebo because they want the drug. to participate in a trial. they want the drug. stuart: when it does reach the market, the price is 56,$000 a year. is that accurate? >> that is correct.

it is a medicare issue because this drug has to be covered by medicare. we are talking about the ability and all timers. the key is really alzheimer's you want to get this early in the process, to prevented occurring. stuart: stop that plaque forming. thank you very much for being with us. we will see you again real soon as promised. the governor of texas greg abbott signed a bill that prohibits businesses from requiring vaccine passports. any texas business that requires customers to be vaccinated will be denied state contracts could lose their license to operate and operating permit as well. meanwhile in new york, governor cuomo says he will not lift restrictions until 70% of new yorkers of gotten there first jab. the indoor mask mandate for school stays in place. as of monday new york was it 68.6% vaccination.

check those futures coming up on tuesday morning opening bell, we are pretty much across the board, solid gain for the nasdaq. vice president harris changes her to now that she's in charge of the border. listen to then senator harris criticizing donald trump's handling of the crisis. role tape. >> we always presented ourselves as a nation of strength with strong arms. when people are fleeing harm we will embrace them. do not come. do not come. stuart: i call that quite a contrast. alexandria ocasio cortez slamming harris for changing her tune. we will bring you that story later in the show. ♪♪ ow we want to be the first to give everyone the joy of 5g. by giving every customer a new 5g phone, on us. aha! old customers. new customers.

families. businesses. in-laws. law firms. every customer. new 5g phones when you trade in your old ones. and if you're not a customer, we'll help cover the cost to switch. just ask wanda. she's been with us since... [gasp]... now. upgrade your phone. upgrade your network. at verizon, we want to give everyone a 5g phone, on us. with all the entertainment you love. like disney+, hulu, espn+ and now google play pass so you can game in glorious 5g. we're calling it the biggest upgrade ever. because it is.

[typing sounds] [music fades in] [voice of female] my husband ben and i opened ben's chili bowl the very same year that we were married. that's 1958. [voice of male] the chili bowl really has never closed in our history. when the pandemic hit, we had to pivot. and it's been really helpful to keep people updated on google. we wouldn't be here without our wonderful customers. we're really thankful for all of them. [female voices soulfully singing “come on in”]

wanna help kids get their homework done?

well, an internet 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 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: that is st. louis. can't quite see the arch. ferry green today. that is st. louis. check those futures, going up across the board. they attention to the nasdaq. that is up 75 points, half a percentage point. here's one of the reasons why the 10 year treasury yield is all the way down to one.53%. then there is this. us officials were able to recover millions in crypto currency that had been paid to the colonial pipeline ransom where hackers. how did they do it? christian wyden is with us. how did they do it? we need to know because it sure looks like bitcoin and the

condos are now traceable. what have you got? >> they have always been traceable to an extent but this is a good breakthrough, a great day for the secret service which was also involved in the fbi. what it are dealing with a california company that served as the digital wallet for this bit coin. what i think is going on is something we saw with big hacks earlier this year and last year. for example the russia hack and solar wind there was usage of us servers by foreign hackers. you do that because then you don't have to contend with the national security agency or us cyber command. those are outward facing, not supposed to be spying on american so you cut the number of law enforcement and military tools at your disposal. what may have happened, because this wallet is in california puts it well within the jurisdiction and easy reaches for the fbi and secret service

so whether you use legal service or blazers or kick in doors at 6 am, it brings it a little more in reach. bitcoin, the whole thing, it is a public ledger. you can see who owns it and where it goes so it is not as untraceable as a suitcase full of 500 euro notes. stuart: if it got into this wallet as you say, based on california's server or however you put it do they know the names of the people who own the wallet and are going to get the bitcoin that was put into that? do we know names? >> those weren't apparent so far. the classic peeling of the onion with law enforcement techniques. once you start with someone who has possession whether it is a server or account or access to that account you work backwards to who had control who has control over that.

there are various fraud features. there is an industry that is cropped up around bitcoin that can take a certain amount of currency, mix it with others and redistribute it as a way of laundering bitcoin but if you can turn the screws on the companies that do that, individuals that do that, you can start to unwind who committed the crime and who has that. stuart: may be the hackers will have second thoughts in the future. thanks for coming with us on such short notice. we appreciate it, see you soon. then we have tim cook, kicked off apple's weeklong worldwide developers conference. come back in again please. anything really really knew? >> the new privacy measures grabbed most of the headlines, very strong protections and a new apple operating system. apple will hide your ip

address, your location, if you open emails. this is a big deal through the internet. you saw zoom shares spiking after apple introduced the new zoom conference likability on face time that has the official audio feature which i thought was pretty cool and you can enable corporate and business use in the future. also happy to introduce new function, i've dropped mine somewhere and took forever. new health tracking functions, another moment you will like him. you are driving these days, car keys in case you forget them. if you forget something, have janet send you and i message to find your keys. stuart: what is with that audience in front of tim cook? >> those are andemojis, you can't have people doing face-to-face. instead those are the andemojis. i've sent this to you, my face in a cartoonlike feature. stuart: what ever you say. thank you thank you thank you. onward and upward.

look at futures going up this morning, not huge but a modest gain, nasdaq up 72. donald trump says wake up. inflation is here. it is not going anywhere anytime soon. listen to this. >> nobody wants to go back to work. that is the problem. nobody wants to go back to work, no one has ever seen anything like this. the economy, you've got inflation that is going to be rampant. stuart: nobody wants to go back to work and inflation is rampant. well well well. what does larry kudlow have to say about that? we will find out because he is on the show coming up shortly. ♪♪ once upon a time ♪♪ address so find ♪♪ in your prime ♪♪ venue ♪♪ people call ♪♪ say a few words ♪♪

that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. if i could, i'd ten-x everything. like a coffee run... don't just sell it. ten-x it. 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 you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities.

incomparable design makes it beautiful. state of the art technology makes it brilliant. the visionary lexus nx. lease the 2021 nx 300 for $359 a month for 36 months. experience amazing at your lexus dealer.

stuart: about 3 minutes to "the opening bell," david nicholas, i read your stuff and you say if china wins big of a global corporate minimum tax takes hold. make your case. >> the communists in china must be grinning ear to ear after

the minimum global corporate tax, china wants nothing to do with this. they want to make control over their taxing authorities but if the us and other g7 nations agree to global minimum corporate tax rate china will turn around and lower their corporate tax rates. they want to incentivize businesses to do business in china and do that with lower tax rate. the biden administration essentially admitted that, we want businesses to go to lower tax rate environment, we've got to keep taxes high. they just admitted what you have been preaching for a long time, lower taxes and incentivized economic growth. not the china will hurt because of this, china is going to win and the middle class will hurt as the biden administration

starts to fund their ridiculous new tax increases. stuart: they won't give up their economic sovereignty, we will. on cryptos you have a minute and a half to go to open trading. cryptos looked to me to be in trouble, 32,$000 on bitcoin. would you put any of your clients money into any crypto at this point? >> know. mainly because we can't. crypto is not regulated security. we can't investor rightly in bitcoin but we can advise them to proxy the bitcoin. we own a company called coin base that earns commissions every time, call me old-fashioned, i like those that have earnings. i can't recommend bitcoin given the volatility. investors need to be careful? stuart: ethereum is at 2470.

30 seconds to go before trading begins this tuesday morning. solid gain up half of one%. in part because the yield on the 10 year treasury is down to one.53%. sound technical but that is important. it is 9:30 eastern, trading has begun. modest elaborately, up 20%, just a fraction. 34,650. the dow will be at a new record high. same story for the s&p, slightly higher, 8 points higher, that is a new record for the s&p. nasdaq as we said going up this

morning, a 10 year treasury yield. it is opening up big tech largely higher, facebook is down a fraction. it is a cloud computing service provider, they deliver content, they were hit with a massive outage this morning, they are down. it is down half a percentage point. wendy's, is this the stock of the day? at this moment it is 18%, wendy's fast food operation, is it a new meme stock? >> readit, the global outage, last night and over the last 24 hours wendy's and the stock have been popping up all over the place and what wall street

does, they look for these over tilted shorted stock like amc, game stop, no kia, and the like but the short interest on wendy's, 12% is higher than most. if you look at another short interest, it is a fast deal from the social capital, the back deal, this is a 42% float being shorted right now, 40% of the stock that is traded is being shorted so you want to look at these names and that is what wall street does. stuart: you can get a lot of social media mentions and short decisions. it is a meme stock. gendler is considering a potential crackdown on meme stocks. what exactly is he saying?

>> market manipulation, this is all talk until they do something. it is a verbal warning to the market. meantime you have amc up 2000% this year, amc insiders have been selling stock worth $8 million last week according to one analysis, 7 amc insiders sold, that does not include ceo anna maren. he hasn't sold in the past weekend amc insiders sales, stock trading lower but you see some profit when europe 2000% on the year. stuart: that is a gain and a half. speaking of big-time gains, stitch 6 is soaring this morning. a 17% soaring, styling service. is a meme stock or what? >> this is a fundamentally driven stock, losing less money in the first quarter which is

always a good thing and pretty upbeat forecast for this year as people start caring what they look like, when they go back to work, and their client base went up by a fifth, 20% compared to last year. that is a fundamentally driven story why the stock is up. stuart: we are showing viewers a lot of stocks that are gaining ground, so show me ted love. that is up a big way indeed, up 2.3%, $14 higher. i've got to believe this has something to do with china. >> fundamentals, china deliveries were of 29% in may from april. wall street prefers these data points, real-time data points which show a recovery in china sales rate is also the global chip shortage, production shutdown in april for several days with tesla and china's dream run for elon musk's company is the reason the stock has rallied 200% in the past year but here's the caveat. tesla could be facing big electric car competition in the

future so we have reports that apple is talking to supply car batteries for the future apple car. stuart: still in that narrow range for apple, the mid 120s. let's have a look at the big winners among the dow 30 headed by apple, up almost 1%, boeing, intel salesforce, they are all doing well. the s&p 500 the top winner, jenna rack holdings -- jeneric, a fine product, very much in demand and the stock is up 3.5%. who would have thought that they would get to 342 but there is. nasdaq winners, let me see that list. there we go with tesla at the top. how about that?

tell me more about boeing and do you have any other movers? >> boeing is up almost 1%. southwest added to their boeing 737 max orders, ordering 34 more of the troubled plane after getting faa approvals to start flying the plane once again. target getting an upgrade today for the retailer by ubs calling it a by worth $265 so you could get 10% plus on the stock. the data analysis monitor up today because they just had a renewal of the contract with the cdc and we know they have government agencies, their primary customers are government agencies around the world and a new medical cannabis brand called symbiosis, the cannabis players, the favorite names over the past year or so. stuart: got it.

let's wrap up the market indicators. i will start with the 10 year treasury yield, all the way down to one.53%. ten days ago it was hitting one.7%. doesn't sound like a lot but in the financial world that is a big deal. gold further retreat from the $1,900 per ounce mark, 1892 as we speak. bitcoin we've been showing you all morning, 32-7 now on bitcoin. oil touched $70 a barrel yesterday and the day before, back off to 6878. coming up on this program, former president obama resurfaces and takes a jab at republicans who are speaking out against critical race theory. listen to this. >> low and behold the single most important issue to them currently is critical race theory. who knew? that that was the threat to our republic?

stuart: in my opinion critical race. is a direct threat to the unity of this country. larry kudlow will join us shortly. what does he think about rampant inflation the donald trump is talking about, what does that mean? i will ask him, kudlow coming up. ♪♪ the world's first fully autonomous vehicle is almost at the finish line what a ride! i invested in invesco qqq a fund that invests in the innovators of the nasdaq-100 like you become an agent of innovation with invesco qqq like you some days, you just don't have it. not my uncle, though. he's taking trulicity for his type 2 diabetes and now,

he's really on his game. once-weekly trulicity lowers your a1c by helping your body release the insulin it's already making. most people reached an a1c under 7%. plus, trulicity can lower your risk of cardiovascular events. it can also help you lose up to 10 pounds. trulicity is for type 2 diabetes. it isn't for people with type 1 diabetes. it's not approved for use in children. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, changes in vision, or diabetic retinopathy. serious side effects may include pancreatitis. taking trulicity with sulfonylurea or insulin raises low blood sugar risk. side effects include nausea, vomiting, and diarrhea, which can lead to dehydration, and may worsen kidney problems. show your world what's truly inside. ask your doctor about once-weekly trulicity. (vo) ideas exist inside you, electrify you.

they grow from our imagination, but they can't be held back. they want to be set free. to make the world more responsible, and even more incredible. ideas start the future, just like that. (vo) conventional thinking doesn't disrupt the status quo. which is why t-mobile for business uses unconventional thinking to help your business

realize new possibilities. only one 5g partner offers unmatched network, support, and value-without any trade offs.

nobody wants to go back to work so that is the problem. nobody wants to go back to work, no one has ever seen anything like this but the economy, inflation rampant, what they are doing now, guarantees, you already have massive inflation, look at food prices, look at gasoline, we had energy independence and now that is gone. stuart: that was donald trump

on the show yesterday warning of massive inflation. larry kudlow joined me now. if we are facing massive inflation threat, why is the 10 year treasury yield all the way down to one.53% this morning and may be headed for the lowest yield since march? >> that is a good point. i think what donald trump is saying, i'm going to move delicately here for a variety of reasons, i think he is warning, just thought i would put that in, the threat of inflation is correct. if we go through free money in large quantities and raise tax rates on across-the-board crushing investments, now you have this international tax deal that gives up sovereignty to these multilaterals,

terrible for economic growth and cause prices to rise. i still feel when the president is right, for these policies, we are in a trumpian v-shaped recovery. other than the generous unemployment benefits which retired labor market prices a little bit, the trump policies will not be reversed. they won't ever get through on crazy tax and energy independence. team biden, yellin and all of those have this dream of the green workers paradise where the central government will run everything and everything is going to be taxed, even excess

profits, donald trump will be correct. stuart: i agree we are not going to get all of that green paradise workers or whatever. if joe manchin keeps the filibuster and that means the filibuster is in place you can't get through the senate a lot of these radical measures and spending plans. that is why the yield of the 10 year treasury came down to 153, maybe. >> kind of agree with you. when the senate parliamentarian said only one reconciliation bill, that is a bring break, the green new deal and the new great society, and likes into

one bill. 50 republicans are going to vote now plus manchin plus cinema and tester of montana. i'm not sure it can get through the house but that made me more optimistic about this. i'm just saying, 10% growth on the second quarter. with low taxes, minimum regulations and energy independence, warning of the potential threat, he is dead right. stuart: mister trump said bitcoin in particular, is a scam. bitcoin and other cryptos. >> that is pretty complicated issue, bitcoin is here to stay in my judgment.

i think there's going to have to be some, i say some regulation but i'm not so sure the digital currency and the like, i've had this conversation many times, he is concerned properly that the dollar remain the world reserve currency. that is america first to him and always supported the dollar, the digital currencies, bitcoin, the chinese you on or the chinese possible digital currency, does not want that replaced. the dollar is 90% of worldwide transactions and donald trump wants to keep it that way. i hardly agree, america first, got have a strongest currency in the world, the bedrock of capitalism and free enterprise

but he is worried that right now, well put, very brave, the said policies, time to change, to take the punch bowl away, take the punch bowl away. how about lower tax rates and tighter money, lower tax rates and a sounds dollar. and it is his job to born. a country to save here. i do not want a green workers paradise that looks like bulgaria before the soviet union fell. stuart: 100% agreement, larry kudlow. it is on foxbusiness.

you will do exactly that. a lot of questions surrounding doctor fauci. why the softball questions in his latest interview? watch this. >> i realize we could not be related because i understand throughout life you had dinner at 9:00, 9:30. >> doctor fauci could have been married. >> my schwinn bike. stuart: there's a lot more like that and we will be covering for you. you want proof the democrats are in disarray look no further than these headlines slamming senator joe manchin, sounds inviting to me, they are split and we will be back. ♪♪ i became a sofi member because i needed to consolidate my credit card debt.

i needed just one simple way to pay it all off. it was an easy decision to apply with sofi loans, just based on the interest rate and how much i would be saving. there was only one that stood out and one that actually made sense and that was sofi personal loans. it felt so freeing. i felt like i was finally out of this neverending trap of interest and payments and debt. ♪♪ interest and payments and debt. (vo) nobody builds 5g like verizon builds 5g. thousands of engineers taking peak performance

to a new level. that's why in parts of many major cities where people can use massive capacity we added verizon 5g ultra wideband, the fastest 5g in the world. nice. it isn't just a step forward, it's a leap forward. because the more you do with 5g, the more your network matters. it's us pushing us. it's verizon vs. verizon. and who wins? you. look...if your wireless carrier was a guy, you'd leave him tomorrow. not very flexible. not great at saving. you deserve better - xfinity mobile. now, they have unlimited for just $30 a month. $30 dollars. and they're number 1 in customer satisfaction. his number? delete it. deleting it. so break free from the big three. xfinity internet customers, take the savings challenge at xfinitymobile.com/mysavings

or visit an xfinity store to learn how our switch squad makes it easy to switch and save hundreds. 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 you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities.

stuart: check the 10 year treasury. just a second ago it dropped to one.52%. that's making an impression on tech stocks this morning. the trading platform eo is

going to merge with a $10 billion deal. you have a special guest on this. >> let's bring in the ceo and founder, you're moving your headquarters to miami, congratulations on that. i want to talk about what happened with the colonial pipeline and the recovery of the bitcoins yesterday because the scent crypto world in a fearful mode, thinking is bitcoin traceable and how did they get the password? >> that is a great question. i was not part of that project so i'm not sure i have a lot of answers. we saw a lot of crypto and twitter around it. in general it shows the us enforcement agencies have a good understanding of crypto,

for that. potentially brought back. it is hard for me to estimate how that happens. i would say in general the perception that bitcoin can and is used for a lot of illicit activity is overblown because all of the transactions are traceable and most of the regulated platforms out there, it is very risky to try to do that. stuart: donald trump is on the program yesterday, saying bitcoin is a scam. >> they call bitcoin a scam over the years, they think at some point, we heard jamie

dimon, and jp and their colleagues at morgan and goldman studying the digital asset space with a lot of excitement. gradually people realize there is value to bitcoin and the interest of consumers around the world and significant customer interest. stuart: thank you so much. start listing and trading -- stuart: thank you very much. here's what we have coming up, florida senator rick scott, brian kilmeade, todd pyro, chad wolf, second hour of varney straight ahead.

trelegy for copd. ♪ birds flyin' high you know how i feel ♪ ♪ breeze drifting on by you know how i feel ♪ [man: coughing] ♪ it's a new dawn, it's a new day... ♪ no matter how you got copd it's time to make a stand. .el . with three medicines in one inhaler, trelegy helps people breathe easier and improves lung function. it also helps prevent future flare-ups. trelegy won't replace a rescue inhaler for sudden breathing problems. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. it's time to start a new day.

ask your doctor about once-daily trelegy. and save at trelegy.com. keeping your oyster business growing has you swamped. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.

♪. stuart: the cardigans. that is band i never heard of. a cardigan is what people wore in the '50s and '60s, when you got to be about 60 years old. times changed. straight to your money please. we have a rally on the nasdaq a drop, not much for the dow and s&p. here is a look at big tech, please, that is lifting the nasdaq. they're all up except for

facebook which is down half of a percent. amazon, apple, microsoft up. here's why. the yield on the 10-year treasury keeps on coming down. now at 1.53%. a few moments ago it was 1.52. that is good news for tech investors. moments ago we got the number. it is called the jolts number, job openings. ashley, good morning to you. what's the number. ashley: good morning. i'm doing a double, triple take, 9.862 million. that is way above the 8.3 million expected. these are the number of job openings on the last business dave april. that is certainly looking back. that is up from 8.1 million in march which itself an absolute record, they ever been that high in the record of record-keeping. this blows it away. 8.286 million. remarkable. stuart: that's incredible.

you have 9.286 million jobs open, available, we're still paying people $300 a week all the way through mid-september to stay home that makes no sense. makes no sense. ashley: nope. stuart: good stuff, ashley. 9.286 million job openings. this is happening now. the ceo of the colonial pipeline, joseph blount. he is about to start testimony in the senate homeland committee. we'll monitor it for you. this is the guy who paid the ransom by the way. we'll pay you any headlines out of that hearing as they happen. problem is you. and now this. ah, the democrats are in disarray. for them it is the worst possible time. with a miniscule majority in the house and evenly split senate, they desperately need unity and they don't have it. they're at each other's throats. it's a barely contained civil war and it is really going to hurt their legislative agenda. when senator manchin told fox he

would not support his own party's voter reform bill, and then said he would not end the filibuster, he dashed the democrats great hopes. they now have very little hope of getting their gun control, gender pay equity, minimum wage and union organizing legislation through the senate. very little hope. and they won't get their radical election reform bill either. that is a big chunk of their wish-list. they're mad as hell at manchin. there is barely suppressed anger at vice president harris saying do not come to migrants from central america. aoc called that disappointing. that is a split on open borders. there is a split on israel too. congresswoman ilhan omar says the u.s. and israel are guilty of quote, unthinkable atrocities, end quote and she is in the same party with democrats who have no problem israel defending itself from the terror

rockets of hamas. split after split after split. this environment how much of biden's radical agenda actually get through congress? in my opinion not much. that is a very good thing. the second hour of "varney & company" is about to begin. stuart: i want to show you this headline from the "wall street journal." very important. u.s. report found it plausible covid-19 leaked from wuhan lab. bill mcgurn is with us. he is a "wall street journal" guy. bill, this report is from may 2020. so why are we learning about it just now? >> i think because people didn't take it seriously until now. people were too invested in their narrative. look, i don't have any problem with people changing their views as the science comes in but the

proper approach is to have an open mind and receive things, not denounce a logical question. you find a virus, coronavirus that you think traceable to bats and it turns out there is an institute just a few miles away. would you think you would investigate fully, especially given china's lack of transparency, until you could rule it out. instead, these people in the name of science told us this was a conspiracy theory and now a lot of people are looking embarrassed as the facts kind of trickle out. stuart: that report was covered up or not worked on or not even considered because then president trump thought that it had come from the wuhan lab. the rest of the people were anxious to say, no, no, there is nothing to see here. that is why this thing was suppressed because president trump supported it and they couldn't stand having president trump supported actually going forward. that is what is going on here, bill. i have a to move on.

we have a lot to cover here. i'm sounding off before my head explodes. >> that is called science, stuart. stuart: you got it. you have got a piece on hispanics abandoning the democrat party, voting republican. that is in the journal today. tell me more, please. >> you know what you were just saying about the slim majorities that they have in the house and the senate. if you look in the rio grande valley along texas' border with mexico, these counties that are overwhelmingly latino and have been blue for 100 years, hillary clinton won them by large margins, i think 39% for the whole area. joe biden only won 17%. recently in this town over the weekend a republican won as mayor in the town of mcallen down there. it looks like a lot of latinos are leaving the democratic party because of the things you said. it is not just in texas and

florida and it is not just cuban-americans. you know the latinos want to make it in the u.s. they support a lot of our traditional values. they support the free market. they know what socialism is. they don't like it. this is another headache, along the lines of what you said for democrats. they just assume all ethic, racial minorities vote the same have the same interests it is just not true. stuart: the times they are achanging, bill mcgurn, thank for being here. we'll see you again soon. we've covered all of the financial markets this morning. in particular we're covering bitcoin because it is down to $32,290 per coin, down 9%. this is a very big deal. it is not low as this for some time. kenny polcari is with us. you say there is trouble brewing for bitcoin and the cryptos. what is the basis of that trouble? is it threatened regulation? it the return of the pipeline

ransom? what is the problem for bitcoin? >> i think there are couple of problems. this currency, technology, call it what you want makes its way from infancy to more general use. one way or the other yesterday's headline how the feds were able to grab back 67 coins, 2.3 million, will raise questions about traceability, security. it was supposed to be so safe, no one was to be able to do that, blah, blah. that will create a marketing problem for them. if you look at it on the chart, you can see it, i pointed this out in one of my notes it has been making this head and shoulders pattern. we're in the right shoulder. the left shoulder happened at end of the year. the head happened between february and may. 30,000 is the neckline that is the number you really have to watch. if we trade down to 30,000 like we did two weeks ago and failed, then the chart suggests you will

see bitcoin fall out of bed, 30%, down another 10 grand, 20,000 level of support. if it holds at 30,000, it will be fine. a bullish signal. my guess when it trades at 30 it will probably not hold. people need to be aware of that. i'm not saying panic, jump out, i'm saying understand what the chart tells you. stuart: now, at the moment it is down to 31 nine. when we started this interview it was 32 and change. ten minutes ago it was 32 eight i think it was. now you're at 31 nine. your key is, go on. >> 30,000. when i came in to work this morning at 6:00 it was trading at almost 33,000. i made the comment on twitter, be careful, watch out. i was getting all kinds of attacks got bitcoin lovers telling me i was out of my mind. crazy never going there. in the time we've been talking

it dropped another $1500. where is the trading right now, 31,800. that is less than 1500 points away. stuart: yeah it is. watch out for 30,000. who will buy the dip, that is another one. i warrant to talk to but i'm sorry. we got this problem with the delay. very difficult. talk about biogen. they will start shipping their alzheimer's drug in about two weeks. i think that's a very big deal. i know it backed off 3% this morning. huge gain yesterday though. this is real good news for our generation. >> i was going to say, you and i have to be -- [laughter] look it was up 34% yesterday. the fact it is backing off 3% today is no reason for anyone to go, oh, my god. it is absolutely very good news when you talk about alzheimer's. talk about a drug to stop it. like a commercial said there is a person a i life today that will be an aims alzheimer's

survivor. maybe this drug makes it happen. i just turned 60. you're a couple years older. we have to pay attention to what the drugs can do in terms of longer term health, right. stuart: yes, sir, yes, sir, you're right this, kenny polcari. you got that right again. thanks very much, kenny. >> always a pleasure. stuart: no menu today, by the way. don't have time for recipes. >> i gave you stuff for eggplant. we can talk about that next time. good-bye. stuart: we can and will. on my screen i see clover health investments up 50%. susan: that's all. stuart: susan is watching the movers for us. that has to be part of the movers, right? susan: part of the meme stock trade. wall street bets reddit crowd. they find overtilted stocks with a lot of short interest. they pile in, rallies the price, betting those the price will fall buy in. clover health fits that category.

40% of clove very's shares are being shorted. that is why the reddit crowd is piling in trying to force a short squeeze. wendy's is part of a meme stock. 12% of wendy's stock is being shorted. not a lot. little more than average. amcs of the world, gamestop, koss, throw in blackberry as well. look at gamestop, up 17%. amc adding to the 2,000 percent rally. 8 million shares of amc insiders were sold last week. why not. take advantage of the price surge has been incredible the past few months. tesla, here is a fundamentally driven story though. tesla is leading some advances we saw in the nasdaq. made deliveries in china. jumping more than a quarter from april, sequential. which is real time information. this is the type of information that wall street likes. this is after chip shortages shut down production for tesla in april. china is a big reason why tesla

rallied 200% the past year. stuart: we story get that. rallied 200%. susan: that's all. stuart: 900. i think of it at 600. that is still up 200% over the past year. what a a stock. susan thank. coming up on the show the california professor who studied the evidence points to a man-made lab virus. big deal. this man knows what he is talking about. vice president harris has a strong warning to migrants. roll tape. >> i want to be clear to folks in this region who are think about making that dangerous trek to the united states mexico border. do not come. stuart: she is now getting backlash for those comments from her own party. we have a report on that. mcallen, texas, it's a border town which is 85%

hispanic. it just voted for a republican mayor. the mayor-elect is here right after this. ♪ welcome to allstate. ♪ ♪ you already pay for car insurance, why not take your home along for the ride? allstate. here, better protection costs a whole lot less. you're in good hands. click or call to bundle today. [typing sounds] [music fades in] [voice of female] my husband ben and i you're in good hands. opened ben's chili bowl the very same year that we were married. that's 1958. [voice of male] the chili bowl really has never closed in our history.

when the pandemic hit, we had to pivot. and it's been really helpful to keep people updated on google. we wouldn't be here without our wonderful customers. we're really thankful for all of them. [female voices soulfully singing “come on in”] obsession has many names. this is ours. the lexus is. all in on the sport sedan. lease the 2021 is 300 for $379 a month for 36 months. experience amazing at your lexus dealer. hearing is important to living life to the fullest. that's why inside every miracle-ear store, you'll find better laughs at family barbecues. you'll find a better life is in store at miracle-ear, when you experience the exclusive miracle-ear advantage. including innovative technology, like the new miracle-earmini. so powerful, yet it's nearly invisible. we're so confident we can improve your life, we're offering a 30-day risk-free trial.

call 1-800-miracle today and experience the miracle-ear advantage. this is wealth. call 1-800-miracle today and experience ♪ ♪ this is worth. that takes wealth. but this is worth. and that - that's actually worth more than you think. don't open that. wealth is important, and we can help you build it. but it's what you do with it, that makes life worth living. principal. for all it's worth.

♪ ♪ look, if your wireless carrier was a guy you'd leave him tomorrow. not very flexible. not great at saving. you deserve better... xfinity mobile. now they have unlimited for just $30 a month... $30. and they're number one in customer satisfaction. his number... delete it. i'm deleting it. so, break free from the big three. xfinity internet customers, switch to xfinity mobile and get unlimited with 5g included for $30 on the nations fastest, most reliable network.

we know how much you count on us... ...and that's why we're here 24/7... ...and on the road maintaining a fast and reliable network. we're always working to ensure the internet meets your needs... ...by making access easier for all... ...with comcast lift zones and our internet essentials program. we're invested in making our apps easy... ...to give you personalized assistance around the clock. and we're committed to keeping our team and customers safe by working from home... ...and using precautions in store. see what we're up to at xfinity.com/commitment ♪. >> i want to be clear to folks in this region who are thinking about making that dangerous trek to the united states mexico border. do not come. do not come. the united states will continue to enforce our laws and secure

our border. stuart: vice president harris telling migrants do not come. well our own griff jenkins is actually at the border in texas and he got an exclusive tour of the rio grande, the del rio sector i should say. griff, what is the situation on the border, at the border which vice president harris will not visit? you tell us, what is happening right now? reporter: well, stuart, very clearly what's coming the migrants from all over the world, not just the northern triangle countries are not listening to the meggage, don't come. this is the fourth large group i've been out here this morning, stuart, they had them come to surrender. these are not from guatamala, honduras, el salvador, the northern triangle. 35 migrants are from venezuela. a few from africa. we're getting amazing first-hand look at this with the border patrol chief in this sector, austin.

chief, the fourth group i've seen this morning, tell us what is happening in this sector? >> we're seeing a large increase in number of migrants we're catching. so far this year our numbers are 125,000. compared to 24,000 last year. as you noted last year we have several venezuelaance in this group. we've been catching high number of venezuelans, 12,000 this year. asians, 6,000 or so. cubans, 6,000 or so. we caught folks from 75 different countries so far this year. reporter: chief in your estimation you've been doing this three decades in this line of work. does this pose a national security to see migrants from so many countries coming? >> so we always have said, and we adhere to that border security is national security, right? so our job here in the border patrol is to make sure we know everyone that is crossing the border. so we need to interdict them. we need to identify them. so we know exactly who we're

dealing with. because we are catching so many people from so many countries it is important we know who they are, why they're here. reporter: in this sector you had a big increase in convicted sex offenders i'm told. >> we have. we talked about this a little bit earlier. we have surge of humanity coming at us. these are really big numbers. those numbers divert us for processing. we occupy about 60% of our workforce right now in the del rio station to detention care and processing of these groups. while we're doing that, we have larger groups that are working around us. these are folks who don't want to be caught. in those groups we've seen a significant number of criminals. 1400% increase in sex offenders to name one. reporter: have you ever seen anything like this before? >> i have never seen anything like this in my career. this is busiest, certainly this sector has ever been. i spent time in the rio grande valley sector, 18, 19 time frame. numbers there were tremendous.

their numbers are still higher than ours still. the del rio sector we never experienced anything like this. reporter: chief, thank you. stuart i have spend the rest of the day with the chief getting a better look at challenges in this sector. it is just one snapshot of the 2,000-mile long border where the agents are really overworked, overwhelmed, this is going on if the numbers leaks are true, we have third straight month of 170,000 plus migrant encounters. that is going to be unprecedented. stuart. stuart: giving us a very clear look what is happening on the border. griff jenkins, thank you very much indeed. i have with me javier little la lobos, became the first republican elected mayor of mcallen, texas. he joins me now. your honor on on the border. 85% of the voters are hispanic. you are a republican and you won. can you explain that?

because not many americans expect hispanic electorate to go for a republican mayor. explain it, sir. >> well, i think what the difference is, i think a lot of people know that hispanicss are generally very conservative. for generations historically they have been voting democrat. this was a non-partisan election. we had support from republicans, democrats, independents, libertarians. we set forth a conservative agenda about you know, taxation, being pro-business and of course always, always trying to make sure about spending. that is something we kept on. we kept on message. i guess it resonated with our great city. stuart: well as the mayor of mclaren do you want to finish the wall? do you want to stop illegal entry? do you want to stop the flow? >> you know what? that we pretty much know that is federal issue. we have no authority, however what we do know it is affecting us detrimentally.

here in mcallen we have two international bridges. hidalgo and sandua. what is amazing, we are losing so much revenue we can't allow people from mexico to the united states from the bridges yet they're coming otherwise. we keep on asking, requesting, almost demanding to our president, congress, senate, open up, take care of our borders. take care of the immigration issue because we as a municipality should not be burdened with some of the costs associated and currently we are. stuart: so what is the administration telling you in mclaren texas. you're suffering some downside from this flow. what is the administration saying to you? presumably you called them up, what's going on here? what do they say? >> pretty much look, we have border alliance we demanded we asked, i don't know what possibly we can do. as a city we can request.

we hold actions taken at any given time we have hundreds of immigrants under our bridge. they're taken to mcallen. we have to in a sense protect them and protect our own residents. we're spending money. fortunately it is all logistical and public safety, so fortunately this time it is not too, too much. you know what? we shouldn't be burdened with that. this is not municipal, county, state, federal issue. we're asking our federal officials take care of business. help us here in our municipality and other municipalities around the border. we need your help. do what you got to do. stuart: your honor, thank you very much for being with us this morning. you are a surprise winner if i say that myself. perhaps you're not surprised but we are. thanks for being here, sir. we appreciate it. >> thank you so much. stuart: okay. just want to break in real fast with an update on bitcoin. now moments ago i check it on my little screen here. moments it dropped to 31 six.

it is now at 31 eight. that is a drop of 10%. we'll follow this all the way through because bitcoin is in some trouble today. las vegas getting back to normal and i mean that, as of today. the first major trade show since the pandemic is now underway. no restrictions. we'll take you there for a live report. staying with the reopening trend, former president trump told me people in florida feel free. watch this. >> if you go down to florida, i spend a lot of time in florida, if you go down to florida, it really is, it is, they have done a really good job. ron's done a great job. people feel free in florida. stuart: florida got it right and florida senator rick scott is here. we'll give him a commercial for that. why not. because he is on the show next. ♪.

our retirement plan with voya, keeps us moving forward. hey, kevin! hey, guys! they have customized solutions to help our family's special needs... hey, graduation selfie! well done! and voya stays by our side, keeping us on track for retirement... ...giving us confidence in our future... ...and in kevin's. you ready for your first day on the job? i was born ready. go get 'em, kev. well planned. well invested. well protected. voya. be confident to and through retirement. that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty. and twice as fast. if i could, i'd ten-x everything. like a coffee run... or fedora shopping.

talk to your broker. ten-x does the same thing, - but with buildings. - so no more waiting. sfx: ding! see how easy...? don't just sell it. ten-x it.

keeping your oysters business growing has you swamped. you need to hire. i need indeed indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base claim your seventy-five-dollar credit when you post your first job at indeed.com/promo (vo) nobody builds 5g like verizon builds 5g. thousands of engineers taking peak performance to a new level. that's why in parts of many major cities where people can use massive capacity we added verizon 5g ultra wideband, the fastest 5g in the world. nice.

it isn't just a step forward, it's a leap forward. because the more you do with 5g, the more your network matters. it's us pushing us. it's verizon vs. verizon. and who wins? you. stuart: we're going to keep following bitcoin for you all day long. 31,800 bucks per coin. a lot of pressure on bitcoin, on the downside today. let's see if 30,000 holds.

all right. there is this. the ceo of the pipeline, colonial pipeline, joseph blount, he is testifying on the cyberattack. he defended the decision to pay the ransom. he made the decision to keep the payment confidential as possible because of security concerns. florida senator rick scott is part of the panel grilling the pipeline ceo. he joins us now. so far, mr. senator, what do you make of mr. blount's defense? >> he has been direct. open why he is doing it. i think we all need to understand why he made the decision, what the ramifications are and we need to do a better job taking care of our grid. everybody involved in the grid system, we got to make sure we're not subject to communist china, iran, north korea, or just hackers having an impact on our electricity, our fuel or any of these things. stuart: now the department of justice, the fbi, got some of the bitcoin back, the ransom

money. i suspect that that makes, put bitcoin in some real trouble now because it is no longer totally secret. it is no longer absolutely secure. we can reach in and get it. i think that is a very big deal, senator. >> i think it's a big deal. admire the people at the department of justice. they take these things seriously. they're very focused on this. they did a great job here, figuring out how they can get the money back. stuart: would you like to say how wonderful your state is? we had former president trump on the show, saying that florida is doing absolutely wonderfully. i want to compare it to new jersey and new york. they don't like you. up there in the northeast, they don't like you, mr. senator. what is your response to the sour grapes from jersey and new york? >> tell you what, whether, there is a lot of citizens from new york and new jersey moving to florida over the last 10

years. when i got elected governor back in 2010 i started recruiting companies coming down from new york and new jersey. companies were fed up. they are fed up with high taxes, more regulation. they want states open for business with less taxes, rest regulation, easier permitting process. we've got great weather too. that is why florida will continue to do well. i want to thank everybody that made sure our state was open for business and our schools were open. stuart: you know what the democrats want? they want to repeal s.a.l.t. so that the high taxes of new jersey and new york can again be deducted from your federal income tax return. what would you say, mr. senator, if we repealed or they repealed s.a.l.t.? >> it's unfair. it is unfair to taxpayers in texas, florida, states with lower taxes. why should our taxpayers pay a portion of the state taxes for high-taxed states like new jersey, new york, connecticut, california? that is not fair. if you want to have, high taxes in your state, you have high

taxes but you should pay them. our taxpayers in florida shipment subsidize you. stuart: well-said, mr. senator. thank you for a fine commercial for the great state of florida which you normally deliver to us. >> come on down. stuart: okay. if you absolutely insist. mr. senator, thank you very much for joining us. we always appreciate it. i'm sure well see you soon. >> bye-bye. stuart: okay. have you ever heard of the world of concrete? it is a trade show and it opens today in las vegas. this is a big deal. no restrictions. no masks. no social distancing. edward lawrence somehow or other managed to get himself to las vegas to cover this story. so, edward, another plum assignment. does it look like it's back to normal, real, really back to normal, vegas? reporter: it does coming through the airport around hotels. this is the world of concrete. showing life is coming back to normal. i'm in the west hall of the

convention center, the newhall. this couldn't be open last year because of covid even though it was finished. this is the first major convention here. of the commander three, can pour 24-inch radius of concrete. normally 60,000 attendees come to the convention. they want to see things like the pump truck. the size of this thing inside of here. the attendance will be a little less than last year. international restrictions but they have about 50% of the exhibitors coming back and a huge domestic demand. >> people write their orders for the year at this show. not hosting the event in january is a big hit. also there is a shortage of products. being able to come here to source for products is also a very important, important aspect of our show. reporter: donna put on this trade show. the company did.

they have seven more around the country. time to get back to normal, business in person. the head of the convention center said it can be done. >> we learned so much during that process. how we deliver food. do things in a more convenient way, contactless which is really helpful and also more healthy. all of those things were really cat at thattized. reporter: talked to the senior vice president of mgm resorts. smaller meetings are starting to being booked at 2019 levels this year. they are starting to get back to normal. that is what everyone i talked to like to see. back to you. stuart: conventions brought $11 billion in vegas in 2019. they get back there, that is good news. edward, thank you very much.

enjoy vegas. all right, texas is now 100% open. governor greg abbott says businesses are forbidden requiring proof of vaccination. how about that? we got more on the story for you. first a bombshell report suggests covid came from a lab leak. california professor richard mueller says the proof is in the dna. he is here to explaint. ♪. 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, aren't just made for traders—they're made by them. thinkorswim trading. from td ameritrade.

(vo) ideas exist inside you, electrify you. thinkorswim trading. they grow from our imagination, but they can't be held back. they want to be set free. to make the world more responsible, and even more incredible. ideas start the future, just like that.

i knew about the tremors. but when i started seeing things, i didn't know what was happening. so i kept it in. he started believing things that weren't true. i knew something was wrong, but i didn't say a word. during the course of their disease around 50% of people with parkinson's may experience hallucinations or delusions. but now, doctors are prescribing nuplazid. the only fda approved medicine proven to significantly reduce hallucinations and delusions related to parkinson's. don't take nuplazid if you are allergic to its ingredients. nuplazid can increase the risk of death in elderly people with dementia related psychosis. and is not for treating symptoms unrelated to parkinson's disease.

nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. tell your doctor about any changes in medicines you're taking. the most common side effects are swelling of the arms and legs and confusion. we spoke up and it made all the difference. ask your healthcare provider about nuplazid. ♪ stuart: two things we're following very closely for you, the yield on the 10-year treasury all the way down to 1.53%. bitcoin down to the 31,000 level per coin. big deal, two markets going down. take a look at this headline, i will read it for you for those listening on the radio. the science suggest as wuhan lab

leak. the author of that piece is richard mueller. he is a professor of physics at berkeley in california and he joins me now. professor, welcome to the program. >> thank you very much. stuart: what evidence do you have that points to the wuhan lab? >> the evidence comes from the virus itself and it is purely scientific. it has nothing to do with speculation. it is not circumstantial. the virus itself is carrying a signal that it had had been genetically manipulated. there are is short sequence of molecules in this genetic code. we caught it down sig. it doesn't cocure in this virus naturally or other related viruses naturally but has been used over and over again by the wuhan laboratory when doing their published manipulation which they have done. this is in the virus. remarkably when they published the sequence in the virus they didn't mention this was in it. they mapped the virus but they left that out of the paper.

was discover ad short time afterwards a short i'm by other scientists i it is the smoking gun. it is telling us that it came from the wuhan laboratory there are other scientific evidence. i want to emphasize let's stop think about conspiracies. let's stop thinking about what information is classified, who got sick when. the science itself is solid and it has this fingerprint of genetic manipulation. stuart: is it correct to say that the only place in the world where research was being conducted on covid was at the wuhan lab? >> well they were doing research on bats coronaviruses and that research was actually being shared in the united states. it was collaborative research being done but u.s. scientists don't know of any, what is called gain of function research happening there.

we believe this shows gain of function research was going. gain of function is innocuous word, until you realize the function to be gained is human lethality. there were collaborations there. this was not, this, they were also working with the, with the chinese military which is illegal according to the world, according to the biological weapons convention. stuart: is there any doubt in your mind that the covid-19 came from the wuhan lab? >> well, you know science can only give you probabilities but when steve quay, who was the biologist working on this work and i looked at the probabilities we would say there is one chance. it is one in a billion that this was not done in the would you hand laboratory -- wuhan laboratory. stuart: one in a billion.

that is long odds indeed. professor, thanks for joining us. we appreciate it. >> you're very welcome. stuart: thank you very much, sir. thank you. take a look at this, complete change of subject, believe me. that is the most luxurious, probably most expensive rolls-royce ever. they only made three of them. we don't know who bought it. we don't know the real price. but we'll ask the ceo. because he is on the show. ceo of rolls-royce coming up. the ceo of the colonial pipeline right now defending his ransom payment. live report coming up for you. ♪. (naj) at fisher investments, our clients know we have their backs. (other money manager) how do your clients know that? (naj) because as a fiduciary, it's our responsibility to always put clients first.

(other money manager) so you do it because you have to? (naj) no, we do it because it's the right thing to do. we help clients enjoy a comfortable retirement. (other money manager) sounds like a big responsibility. (naj) one that we don't take lightly. it's why our fees are structured so we do better when our clients do better. fisher investments is clearly different. the lexus es. every curve, every innovation, every feeling. a product of mastery. get 0.9% apr financing on the 2021 es 350. experience amazing at your lexus dealer.

wanna help kids get their homework done? get 0.9% apr financing on the 2021 es 350. well, an internet 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 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. municipal bonds don't usually get the media coverage

the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-217-3217. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income...are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217

stuart: ceo of the colonial pipeline testifying right now on capitol hill. hillary vaughn is there. hillary, do we know if he told the government about the ransom demand before he paid the ransom? this is very important. did he know, did he tell the government? reporter: stuart, he says he did not. they in fact believed it was their sole decision whether or not they should pay.

there wasn't a discussion with the government beforehand what the implications could potentially be if they did pay this multimillion-dollar ransom. we got new information about the dedescription key that was handed over when they did pay the ransom. there was earlier reporting that the description key did not work. it is still working. one of the misconceptions getting back online it hatched instantaneously. this will be a month long process, if not a year's long process. even this week they're just bringing on some of their financial systems that have remained off-line. but we also did get some additional information about the implications of paying this ransom. there was exchange with senator rob portman, they made sure they were not paying off a sanctioned entity which would be against federal law. he essentially said they

understood that dark side was not a sanctioned group before they made the payment. also colonial did not have any direct communication with the hackers. they did that with an outside negotiating team. stuart? stuart: important stuff. almost 10:51. the moment the clock hits 10:51, we're about five seconds away, brian kilmeade will miraculously appear on the screen. there we go. brian kilmeade. it is 10:51. brian, i got to talk about the bitcoin money we got back from the pipeline ransom. this is terrific news. we got them on the run to some see degree, bitcoin is no longer ultraprivate, ultrasecret, no longer secure. this is out right good news. what do you say? >> i'm happy. i want these pirates, these outlaws to pay. maybe they are not wearing masks

over their heads coming out with bags cash doesn't mean they're not diabolical and evil. they're messing with the world's number one superpower. they feel they will not have hell to pay. they have got to pay for it. hauled out to the world court and hawed out of russia. russia is responsible for the ransom attack. you always see eye-to-eye with the common person, the family out there. who will pay back the people in virginia paying $7 for gas? who will pay back, 3.75, they haven't gone down since they went up last week. who will do that? , h. stuart: agreed. >>' meat he prices from last week. colonial pipeline have to get their own defenses up. stuart: you inflict pain on us, we will inflict serious pain on you. we cannot have the united states of america held to ransom by crypto criminals. we should really put some harm

on them. shouldn't? are you with me? >> 100%. if you are a private entity have national security implications with the product you have, oil or meat, if i have to open up a small restaurant, stuart, there will be people coming in checking on the way my sanitary methods, paying taxes pay rent, certain things i have to do for the pandemic. if you're running a pipeline, make billions of dollars, hire thousands of people, you have to have certain cyber, punch-card with certain cyber things that you have to hit. there are different companies out there that will protect you. then in turn, if you do these things, the u.s. government can fight for you, know exactly where the hit came from, know exactly what to do. get intel from the meat companies and pipelines to make sure our power grid is not next. this is a 911 call to our country and to other western countries that we're not going

to pay that ransom anymore. they paid that ransom without even telling the government. that has got to stop. stuart: got it. got it. i'm with you 100% on this. now this is possibly the sound bite of the day. vice president harris really flustered when asked about actually going to the border herself. watch this again, please, roll tape. >> do you have any plans to visit the border? >> at some point -- you know, we are going to the border. we've been to the border. so this whole, this whole thing about the border, we've been to the border. we've been to the border. >> you haven't been to the border? >> and i haven't been to your rob. i don't understand the point that you're making. i'm not discounting the importance of the border. stuart: brian, this is embarrassing. what is with the laughing? >> she, know what it reminds you of, candidate kamala harris. she doesn't prepare for anything. she has no idea what is coming.

who is briefing her? if you can't answer that question without giggling i don't think you should have that job. the word is president biden, vice president don't get along period. she was never the pick. they had no choice. you see how incompetent she is. stuart, president of the united states, told mike pence get a pandemic response coordinated. whatever needed to be done he did. whatever barack obama wanted done, joe biden tried. including that job. she has done nothing. she made one visit to one country, three months after she got the charge. now going to the another country. she never lease the embassy. don't know the issue. she is playing political calculus. her word is political handlers don't appear at the border. we cannot fix it. you will get blamed. if you are a politician and you are a problem solver and care about this country, give me the hardest job, i want, i don't believe i will fail, do everything to make everyone successful but you don't take

the job afraid to fail. what about us, the 170,000 people that are crossing into the country and we're capturing let alone the ones we don't, a month for the last five months. she is responsible for that. said i don't want to show up there just to see it. really? go up there. wear a jean shirt, jean jacket, hop into a pickup truck and buzz around see where the wall stopped, roads need to be fixed, technology needs to be improved. talk to the people. talk to the citizens. it doesn't have to be a cameo appearance. stuart: don't hold your breath, brian. i don't think the vice president was expecting any kind of question like that from lester holt at nbc. brian, out of time. great stuff today. thanks for being with us, sir. >> thank you, stuart. appreciate it. stuart: todd piro, mike murphy, chad wolf and more. at this moment looks like the bloom is off the rose for bitcoin. i'll explain. my take just ahead.

.. ♪ na na na na ♪ na na na na... ♪ hey hey hey. ♪ goodbye. ♪ na na na na... ♪ hey hey hey. ♪ goodbye.

♪ na na na na ♪ na na na na... the world's first six-function multipro tailgate. available on the gmc sierra. trelegy for copd. ♪ birds flyin' high, you know how i feel. ♪ ♪ breeze drifting on by you know how i feel. ♪ ♪ it's a new dawn... ♪ if you've been taking copd sitting down, it's time to make a stand. start a new day with trelegy.

no once-daily copd medicine has the power to treat copd in as many ways as trelegy. with three medicines in one inhaler, trelegy helps people breathe easier and improves lung function. it also helps prevent future flare-ups. trelegy won't replace a rescue inhaler for sudden breathing problems. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. take a stand and start a new day with trelegy. ask your doctor about once-daily trelegy. and save at trelegy.com.

change ironically we are in a trumpian the sheep recovery. trump policies have not been reversed and i'm optimistic they won't ever get through. history tends to repeat itself. this time it is not the stock market. the bubble burst will be in those currencies, governments go after the small points. >> need to be careful with the nasdaq.

>> it is not going to hold. ♪♪ stuart: nice day in new york city, it is 11:00 am eastern time, tuesday june 8th. the downside move for the dow, not much, downside for the s&p not much, modest gains for the nasdaq up 21 points. here's where the real action is. bitcoin back to 31-7 as we speak. dow is down $3,950, loss of 11%, bitcoin is down, falling falling falling all morning long. the 10 year treasury yield, last quote was one.53, that is where it is now.

that is a serious drop in the yield on the 10 year treasury. bitcoin, the yield on the 10 year, that is where the action is in money right now. and now this. 24 hours ago donald trump appeared on this program and went out of his way to bash cryptos. bitcoin, he said, was a scam. we were watching the market closely for its reaction and bitcoin started to move a little lower as he said that. in the afternoon the justice department announced it had taken back some of the bitcoin news from the pipeline around the attack, that is big news. it meant the authorities do have a way to get at supposedly untouchable crypto wallet. that took away part of bitcoin's appeal, that is the safety from government intrusion. it has now dropped to 31,$000, 31-7. almost exactly half of its value just 6 weeks ago. china cracks down.

authority talk about crypto regulation. the weekend conference in miami despite crypto pumping failed to generate a new round of bitcoin buying. what is happening is a challenge to the assumptions behind bitcoin's arise, secrecy, privacy, untouchable, tax dodge, freewheeling, all of those assumptions are now in play. may be people are getting tired of being whipsawed by tweets from celebrities who just live on headlines. if bitcoin returns to its old highs the bulls will say we had been right all along. at this moment looks like the bloom is off the bitcoin rose. the third hour of "varney and company" is just getting started. mike murphy with us this

tuesday morning. are we watching the bursting of the crypto bubble? would you describe it as such? >> good morning. you hit a lot of key points. don't know if it is bursting of the bubble, but you definitely saw a bubble created around 64,000. my concern is people watching at home the get the fear of missing out or need the next dogecoin and bitcoin and chasing it when after it is ari made a huge run. there's a lot more downside in crypto currencies. i hope no one loses money but i think a lot of people out there blindly jumped into the crypto trading world or game if you will. they are in for a rude awakening. i hope it is not the case but that is the way i see it. a lot of these are to have a value that they are valued in places they shouldn't be right now. stuart: donald trump on this

program yesterday talked about massive inflation. that was his word. massive inflation. we have an inflation problem at the moment. donald trump sees it getting worse down the road. do you see inflation getting much worse down the road? if you do i presume you would be worried about the stock market. >> i don't see it getting much worse. right now you have inflation that is warranted, under control and inflation that is offset by growth in the economy. the story i have been telling on your program for the last 5 or 6 years, stick with it. still a growth economy, a growth story, still a lot of companies out there. if we get to the point where

inflation starts to spike. if we see a revision of what we saw decades past then i would want to start to rein in some investments. i don't see that now but if the fed continues to pour money into the economy, as we are past the pandemic, that will create a problem at some point. tough to say when but i'm hoping the fed is watching what is going on. they talked about easing up a bit and hopefully they will because if we can just focus on the us economy and the growth story that is there, doesn't need stimulus from the fed. that is the story i want to talk about. stuart: too much stimulus equals inflation which is bad for stocks. when the crunch comes, who knows? thanks for being here, appreciate it. former president obama takes a shot at republicans for taking on critical race theory. listen to this. >> you would think with all the public policy debates taking place right now that the

republican party would be engaged in significant debate about how to deal with the economy and what to do about climate change and what to do about -- low and behold the single most important issue to them apparently right now is critical race theory. who knew that was the threat to our republic? stuart: todd pyro is with us this morning. good timing on his appearance. i got to tell you, some people, myself included, would argue the critical race theory is a threat to the unity of this country. what say you? >> many people on both sides of the aisle say race relations deteriorated under president obama at a time it looked like he was going to be the one to unite our country and finally, i don't want to say eliminating racial issues but bring our country closer together. that did not happen during his time. to your point, you heard at the end of that soundbite barack obama say i thought republicans

would be focusing on the economy. they are focusing on the economy, don't know what channels he's watching, if you watch the other channels the only time republican is on is to talk about january 6th but if you watch foxbusiness, fox news we are talking about the economy, the impact free money is having on our world and how it is hurting our american economy and how damaging critical race theory being taught in schools is to our economy. if kids are learning that they are not learning math and science which allows them to compete on the global stage. stuart: i will introduce this story. disney pushing an episode on micro-aggression. it is on the show sydney to the max. we discovered miss a assigned report on american heroes based on our ethnicity. what miss a did is call the micro-aggression. what is that?

someone does or says something hurtful based on your race or ethnicity. what do you make of that? to watch and see? >> we get together every friday night with popcorn and watch that show. obviously that is a joke. it is almost like a worst-case scenario, a lose lose situation. don't we want our kids watching children's programming that is about being a kid and when i was a kid we watched you can't do that on television where people get slimed poured over their head, it is what kids do but also is it wrong or harmful to our kids if they hear the phrase micro-aggression thinking that is what the real world is? let me tell you, there are micro-aggressions every moment of every day that you just have to deal with as an adult and if you think as a kid i can fight back against always

micro-aggressions and everything is hunky-dory that is not the way life works. in that instance i read a little more about that press release, that is a situation where a teacher did something that can be construed as racist. i wouldn't say that is a micro-aggression. the micro-aggression is if you start attacking every micro-aggression is a kid you will be in for a rude wake-up call when you become an adult. stuart: absolutely you are. micro-aggression. todd pyro always good, thanks for being here, appreciate it always. lauren: we will watch sydney to the max. stuart: whatever you say, dream on. breaking news out of hollywood, this is what we are talking about. the longtime host of the bachelor, chris harrison, would not be returning to the show according to deadline. harrison stepped away from the bachelor, he was under fire for defending a contestant after an

allegedly racist photo surfaced. harrison spent 19 years hosting the bachelor. he is not going back. let's get to the markets because we've got not much price change for stocks, but interest rates and bitcoin and susan is following clover elf. it is way up. what is the story? >> it was up 100% plus a few minute ago, down 60% gains on the day. this is a new meme stock favorite, they try to find over tilted stocks to have a lot of short interest and a pile in rallying the price and forcing the stocks to fall to then buy in so clover health has 40% of its flow to be shorter right now in this is a fact special with some big game. wendy's, 12% short interest and as you see also up along with the mcs of the world, game stop close to 18%, at the peak,

blackberry, amc insiders sold $8 million worth of stock last week. that does not include ceo adam aaron. have you checked in on what is happening? they helped media companies deliver content online going up despite a major outage this morning that brought down who, new york times, cnn, bloomberg. investors realize the reach of all these sites depend on their services that they are providing in their infrastructure and that is why the stock is up, all these companies depend on fastly. stuart: that thing was down 5%, 2 hours later it is up 7%. got to watch this market carefully. thank you very much. look at this. the most expensive penthouse in miami sold for a record amount

of bitcoin. we will tell you how many bitcoin it cost. rolls-royce just unveiled the boat tail car, the most luxurious and possibly most expensive car ever. they have only made three of them. who bought them? at what price? don't know but i will ask the ceo of rolls-royce because he is on the show. first, restaurants packed in tourist cities like nashville. a lot of those restaurants can't find enough workers. one chef says the labor pool is more like a labor puddle. the news on the show next. ♪♪ welcome to allstate. ♪ ♪ you already pay for car insurance,

why not take your home along for the ride? allstate. here, better protection costs a whole lot less. you're in good hands. click or call to bundle today. [typing sounds] [music fades in] [voice of female] my husband ben and i you're in good hands. opened ben's chili bowl the very same year that we were married. that's 1958. [voice of male] the chili bowl really has never closed in our history. when the pandemic hit, we had to pivot. and it's been really helpful to keep people updated on google. we wouldn't be here without our wonderful customers. we're really thankful for all of them. [female voices soulfully singing “come on in”]

stay restless, with the icon that does the same. the rx crafted by lexus. get 1.9% apr financing on the 2021 rx 350. experience amazing at your lexus dealer. nobody builds 5g like verizon builds 5g because we're the engineers on the 2021 rx 350. who built the most reliable network in america. thousands of smarter towers, with the 5g coverage you need. broader spectrum for faster 5g speeds. next-generation servers with superior network reliability. because the more you do with 5g, the more your network matters. it's us...pushing us. it's verizon...vs verizon. and who wins? you.

[ sigh ] not gonna happen. that's it. i'm calling kohler about their walk-in bath.

my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. ♪ ♪ the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. call... to receive fifty percent off installation. and take advantage of our special offer of no payments for eighteen months.

>> nobody wants to go back to work, that is a problem, nobody wants to go back to work, no one has ever seen anything like this but the economy, you've got inflation that is going to be rampant. stuart: that was donald trump on this program yesterday. he says the pandemic changed the psychology of the workforce. nobody wants to go back to work. matt bowles is executive chaff at the 400 for kitchen in nashville. you are having a hard time hiring right now. is it because the president said nobody wants to go back to work? is that the reason? >> that does seem to be the case. from what we can see based on interviews or the lack of people showing up for even an interview or showing up to

work, it has not been higher wages requested or low pay being the problem but getting people to show up. stuart: is that because of the emergency $300 a week payment or is it because they didn't like the job in the first place and are using this as a reason to move on someplace else? >> i would say at the beginning of the pandemic when everybody closed the uncertainty in the entertainment industry, was probably warranted and a lot of people did decide to leave this industry and go to someplace else or what we saw is more stable but now i firmly believe enhanced unemployment people are giving that is prolonging this lack of labor pool at the moment. stuart: do some people make an

appointment to get a job at your restaurant and not show up for the interview because that allows them to keep going. that allows them to keep go with the unemployment. >> i wouldn't say some people, i would say 7 out of 10 do that. stuart: not a good situation. stuart: when you reopened fully, what am i going to see, before covid. >> a bit of nurturing, you see a lot less showboating. and with friends and family and that might have been

nerve-racking, brought us back to what the food and beverage industry is about, serving people taking tensions away, that is what we will go back to, that is wholesome, delicious, approachable, believable and fun, and the pandemic even for -- friends and family, just to themselves. just less i glitter and fireworks. stuart: is your restaurant chain your restaurant, are you going to be okay, you are going to be fully staffed. we are seeing that happen now. it was rough to think almost a

year and a half, worked as hard as you could every day to hopefully breakeven, the word profit was the nastiest word in the business. the last farmers and vendors afloat and seeing that turn, people coming back out more, numbers are increasing, and we start to have to hire which is the biggest problem but we are going to get back in a better way i believe. >> thanks for being with us. staying on the labor shortage, vineyards may have a solution to the problem, great picking robots could replace human workers in wine country. you are looking at one of them now. grapes are california's

third-largest crop, $6 billion, and favored menu items, that are going away, this is because of supply problems. ashley: absolutely it is. vital popular products, that means the menu is shorter these days. according to an internal memo, starbucks released 22 items on temporary hold, those popular items, hazelnuts, spirit, and teabags, green iced tea, never had any of them just to name a few. the stores displaying signs of they are currently seeing temporary outages, like the one you see right there. starbucks so stores are dealing with shortages of different products, but very by location, they gave no indication when

they believe this shortage may end but it is starting to bite. stuart: starting to bite all over the place. something about -- am i reading this right? staying open during a terror attack. what's with this? ashley: the restaurant chain making harsh new rules, demand in the new 20 year contracts that have been sent out to subway franchise owners, one of the rules requires the owners to keep their doors open even during a snowstorm, electrical outage or terrorist attack. subway stores close more than once a year without permission barring an act of god according to the contract, risks being taken over by the country. if they close without permission they have to fork over 10% of gross revenues. some angry storeowners, look

away from the comedy which is based in connecticut. stuart: everyone is looking for a blacked of god. i suppose that is how it would be. then you are okay. thanks very much indeed. there is an airport security company that just filed for ipo as summer travel surges. we have the latest tsa numbers, they are pretty strong. vice president harris in mexico delivered this message in guatemala. quickly role tape. >> i want to be clear, to folks in this region, do not come. to not come. stuart: our team is following the vice president in mexico city today and we have a report. those report coming to you next. ♪♪

some say this is my greatest challenge ever. but i've seen centuries of this. with a companion that powers a digital world, traded with a touch. the gold standard, so to speak ;) that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty. and twice as fast. if i could, i'd ten-x everything. like a coffee run... or fedora shopping. talk to your broker. ten-x does the same thing, - but with buildings. - so no more waiting.

sfx: ding! see how easy...? don't just sell it. ten-x it. ♪ ♪ (upbeat music) ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪

hey, you wanna get out of here? we've got you. during expedia travel week, save 20% or more on thousands of hotels. just book now through june 12th to plan your escape with expedia. expedia. it matters who you travel with you need a financial plan that can help grow and protect your money. an annuity can help cover essential expenses in retirement, so you can live the life you want. this is what an annuity can do. learn more at protectedincome.org. do you have a life insurance policy you no longer need? now you can sell your policy, even a term policy, for an immediate cash payment. we thought we had

planned carefully for our retirement. but we quickly realized that we needed a way to supplement our income. if you have one hundred thousand dollars or more of life insurance you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit conventrydirect.com to find out if you policy qualifies. or call the number on your screen. coventry direct, redefining insurance. >> and we are back to 34, it is not a huge drop across the board. the reigning is flowing.

it is bitcoin. you are at 31-3, down $4,000, it is in trouble this morning. vice president harris meeting with president obrador. brian, he has blamed the biden administration for the spike in migration. how is this meeting going so far? >> it is all about the root causes of migration. that is the entire theme. of fights president kamala harris's trip. president obrador in mexico is saying that is what they are talking about. they just signed a memorandum to increase economic programs and opportunities in the northern fry angle, el

salvador, honduras and guatemala to make sure people have a reason to stay in their countries but at the same time there trying to do that in the long-term the short-term situation is a real issue for the vice president, she's getting criticized for not visiting the southern border but also unmixed messaging to migrants. listens what she said yesterday in guatemala. >> i want to be clear to folks in this region who are thinking about making the dangerous trek to the united states mexico border. do not come. do not come. the united states will continue to enforce our laws and secure our border. >> reporter: that blunt message not received well by alexandria ocasio cortez who responded with this tweet, this is

disappointing to see, seeking asylum in any us border is a legal method of arrival, second, the us spent a decade contribute into regime change in destabilization. we can't help set someone's house on fire and then blame them for fleeing. mexican president obrador so the messaging from the biden administration has increased people's expectations that the us is open for migration and guatemala's president said the coyotes in guatemala are using that messaging to get business and move from the northern triangle to the southern border. stuart: thank you very much. vice president harris, really flustered when asked about going to the border herself, role tape. >> >> going to the border, this whole thing about the border, we've been to the border -- >> you haven't been to the border.

>> i don't understand the point you are making. i'm not discounting the importance of the border. stuart: let's bring in chad will, acting secretary of dhs. and out of place. >> i agree with you with 100%, nothing funny or humorous about that question. because of the crisis we are facing, the men and women, or law enforcement officers are dealing with every day, the number of individuals trying to keep those individuals safe. it is not funny. the question was a legitimate question, neither the president or vice president talked with law enforcement, and it is past time we do that and it is important. it shows leadership. if your president or vice

president does not see firsthand or get their hands dirty, that send a dangerous message to those law enforcement officers that are trying to do their job every day. stuart: vice president harris is trying to persuade the people not to come here. perhaps she will be paying off the governments down there with money to keep them home. do you think it works? >> it is a long-term solution. what she's talking about is systemic problems, why folks migrate from northern triangle countries through mexico to the united states and we know why that is. it is for economic opportunities in the states but these are long-term plays. nothing will be solved overnight. instead what we have going on at the border requires immediate attention, immediate action and that is what is cut not coming from the

administration. instead they want to divert attention to the root causes of migration instead of dealing with true law and order issue going on at the border. the crisis at the border they are refusing to take action on. i understand what she is doing, they are missing the larger picture trying to address the crisis in front of us today. stuart: we had 9000 stopped at the border october 1st last year and last month, 900,000 actually caught apprehended. how much longer can we go on getting 1 million people, coming into this country, and the crisis is surely upon us now. >> numbers speak for themselves. we have four months left this fiscal year, we are on pace for 1 million and a half illegal

apprehensions coming across the border, one fiscal year. it is very concerning as more people speak out about it, to see the conversation stop. to bring what is going on on the border to the american people. stuart: do not help. back to money, boeing sales outpaced cancellations for four straight months, boeing got 73 orders for planes in the month of may but in a generally downside market boeing is selling off one%. that is why we are checking them. mixed bag in terms of stock prices.

2 million people pastor tsa checkpoints easier. and same date next year. and what is it all about. >> it launched in 2010. and annual subscription of $179 for biometric security, and entertainment venues. revenue rose 25% last year despite the pandemic. and the ticker symbol you.

>> thank you very much. and it is back to 31,390. it is at 30, 31, 11%. in the red-hot housing market. you may not be to spruce it up. it is nationwide tainted shortage. we will tell you about it after this.

“cracked windshield” take 1. ♪ you say ♪ ♪ i got a crack in my windshield... ♪ uh - uh, lisa, maybe less heartbroken? geico lets you file a claim online, over the phone or with their app. ♪ that makes me wanna say... ♪ ♪ stay... ♪ (sniffles) are...are you crying? uhh, there's pollen... geico. great service without all the drama. living with metastatic breast cancer means being relentless. because every day matters. and having more of them is possible with verzenio. the only one of its kind proven to help you live significantly longer when taken with fulvestrant, regardless of menopause. verzenio + fulvestrant is for hr+, her2- metastatic breast cancer that has progressed after hormone therapy. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor, start an anti-diarrheal, and drink fluids. before taking verzenio, tell your doctor about any fever, chills, or other signs of infection.

verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. life-threatening lung inflammation can occur. tell your doctor about any new or worsening trouble breathing, cough, or chest pain. serious liver problems can happen. symptoms include fatigue, appetite loss, stomach pain, and bleeding or bruising. blood clots that can lead to death have occurred. tell your doctor if you have pain or swelling in your arms or legs, shortness of breath, chest pain and rapid breathing or heart rate, or if you are nursing, pregnant, or plan to be. every day matters. and i want more of them. ask your doctor about verzenio. new projects means new project managers. you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. claim your seventy five dollar credit, when you post your first job at indeed.com/home.

stuart: chicago, partly cloudy today. one of the themes that has been running for some time is shortages. today shortages of homes and shortage of paint, will cost going to buy the house, grady trimble is at a painting company in illinois. why is there a paint shortage. grady trimble. >> so many people want to spruce up their homes, surging demand and impacts from the shutdowns of last year and bob junk will tell you they use petroleum to make paint, last february during winter storms in texas that close down the factories and they are not caught up. never would have thought that. >> we are having a hard time

with that and we honor these contracts with our customers so we will lose or those costs because we don't want to use cheaper paint for our customers. with all the supply and demand issues and increasing paint. >> future prices going up. >> 6% to 9%. >> customers have a job done and that kind of money. >> we also have no choice. >> the shortages are not so extreme you had to turn down customers, with other industries. >> we hope not as well. the latest shortage, who would have thought, it is paint, whether you are hiring a company like these guys. stuart: who would have thought? thanks. see you later. speaking of real estate miami beach's most expensive penthouse was just sold. what was so special about it?

ashley: it cost $22.5 million, 5000 square feet, four bedroom penthouse all paid for with crypto currency. that is what is so special making it the most expensive known residential crypto real estate transaction in the us to date. it is in miami beach's newest uber exclusive condo building, arte, one floor down from jared kushner and ivanka trump. the block chain deal took less then 10 days to close from start to finish. the buyer remains anonymous as does the specific crypto currency used. was it bitcoin? it cost a lot of money and it was all done with crypto currency. how about that?

stuart: the owner of that home, that penthouse, took another crypto currency, what is the value of that crypto currency now? because we got a selloff and a half. that is the danger of taking bitcoin for payment, you end up as a bitcoin investor if you are not careful and then there is this. the banking apps backed by the billionaire mark cuban is about to go public. this is a tease but what is coming up on the show? we will tell you what the deal is worth. brand-new rolls-royce called the boat tail, the most luxurious and expensive car in the world. i will ask the ceo of rolls-royce. he's going to be on the show. why are you keeping the price a mystery. ♪♪ ♪♪ baby i love you ♪♪ the world is going hybrid. so, why not your cloud? a hybrid cloud with ibm helps bring all your clouds together. that means you can access all your data,

modernize without rebuilding, and help keep things both open and secure. that's why businesses from retail to banking are going hybrid with the technology and expertise of ibm. (vo) conventional thinking doesn't disrupt the status quo. which is why t-mobile for business uses unconventional thinking to help your business realize new possibilities. only one 5g partner offers unmatched network, support, and value-without any trade offs. stay restless, with the icon that does the same. the rx crafted by lexus. lease the 2021 rx 350 for $449 a month for 36 months. experience amazing at your lexus dealer.

it's time for sleep number's summer sale on the sleep number 360 smart bed! it's the most comfortable, $449 a month for 36 months. body-sensing, automatically-responding, energy-building, dually-adjustable, dad-powering, wellness-boosting, foot-warming, temperature-balancing, recovery-assisting, effortlessly life-changing... proven quality night sleep we've ever made. and now, save up to $500 on select sleep number 360 smart beds. plus, 0% interest for 48 months on all smart beds. only for a limited time.

stuart: that is lowell, arkansas, not massachusetts, it is 73 degrees there and a little cloudy on the horizon. rolls-royce launching the most expensive car in the world, the

new boat tail model with a design inspired by a yacht deck. you are looking at it right now. the ceo of rolls-royce joins us right now. you only make three of these. are you going to tell us who bought them and where those people live? >> good morning, great to be with you. three of them. we call it coach built, tell you what happens here, discretion is one of our hallmarks. would never talk customer names or whatever. great to see speculation. stuart: i will speculate all day long but i will get to the luxurious car. you are calling it the most

luxurious car in the world. what is luxurious about it? >> it is truly unique particularly when you look at the back, you've created a hosting sweet where on the left side, champagne, on the right-hand, this opening like butterfly wings is truly unique and expect, history of rolls-royce motor cars, boat tail, formerly the commission by patrons which we send those a little bit like the shape and that is here and what about frisco to perfection, beautiful kind of flamboyant experience where i call it a picnic with friends, you might have seen

the parasol that was created for that car. every little detail hand-picked by the client, the porcelain and whatever. stuart: if it is an investment, i don't know what you are charging for it. you are not going to tell me. if there are only three made it has scarcity value. the most luxurious in the world. you are obviously thinking whoever buys it messed make a profit out of it long-term. >> definitely. when you look to the vintage cars, the highest prices, where you see those cars being auctioned and mention 50 years from now what those cars create in value is unbelievable. if you are one of those lucky drivers, you are part of rolls-royce's history forever and that is a truly truly

unique thing. it is by invitation only. my personal invitation to selective clients who are allowed to join us for such a project that go on for years. it is not the first sketches, to the empire engineering and everything. it is a fantastic thing. stuart: great selling job but not in that market. thanks for showing it to us. good luck. rolls-royce. got to break in for breaking news out of washington. senator shelley o says she does not expect to reach an agreement on infrastructure with president biden today. there's still a chance for a deal but it is not a good chance. that is what the senator said. active market in bitcoin. got to follow this minute by minute, we are at 31,600. that is your bitcoin quote of

the moment. banking apps backed i mark cuban going public in a company called dave. what is it worth? what does it do? ashley: the banking platform, $4 billion, known for its banking for humans catchphrase, launched in 2017 to help consumers avoid overdraft fees from traditional banks. dave claims to have saved 10 million customers an estimated $1 billion in those fees to date, the comedy going public through a merger with investment firm victory park capital, special acquisition company also known as a blank check company. the apps hoping to take advantages of the shift to online banking which accelerated in the pandemic and eliminating fees always a good selling point.

stuart: i remember senator warren going after the bankers on the grounds of overdraft fees. very upset about that. watch this. how many countries are members of the united nations? i made a guess at this and got it wrong but the answer will be on your screens moments from now. . .

that's why in parts of many major cities where people can use massive capacity we added verizon 5g ultra wideband, the fastest 5g in the world. nice. it isn't just a step forward, it's a leap forward. because the more you do with 5g, the more your network matters. it's us pushing us. it's verizon vs. verizon. and who wins? you. hearing is important to living life to the fullest. that's why inside every miracle-ear store, you'll find better bedtime stories. you'll find a better life is in store at miracle-ear, when you experience the exclusive miracle-ear advantage. it starts with our free hearing assessment. plus innovative products that fit your needs and budget. with free service and adjustments for life. we're so confident we can improve your life, we're offering a 30-day risk-free trial. call 1-800-miracle today and experience the miracle-ear advantage for yourself.

retirement income is complicated. call 1-800-miracle today and experience as your broker, i've solved it. that's great, carl. but we need something better. that's easily adjustable has no penalties or advisory fee. and we can monitor to see that we're on track. like schwab intelligent income. schwab! introducing schwab intelligent income. a simple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management.

stuart: all right. so how many countries are members of united nations. here is the answer? 193. the u.n. was founded in 1945

right after world war ii, back then, 1945 there were only 51 countries. now it is 193. check the markets real fast. we're in the red pretty much across the board. the real action today is in bitcoin. show me that right now. you're at 31 seven. it has come back a little bit. that is still less than half the price of its high six weeks ago. time's up for me. neil, it's yours. neil: stuart, thank you very, very much for that. we're focusing on the bitcoin fall i don't have, i want to thank my colleagues and friends david asman, cheryl casone filling in my absence, with graduation demands. very happy to be with you here. couple things with bitcoin, oddly enough it is getting shellacked on notions that maybe it is traceable after all. the government has already been able to retrieve millions of dollars from the colonial pipeline hackers. that is good news, right?