maria: thanks, see you again tomorrow, "varney and company" begins now. stuart: good morning, president biden leaves for europe, his first foreign trip as president. he is in fact escaping a mess back home. no deal on infrastructure, senator manchin, firm unblocking the filibuster, the left wing of his party is

absolutely enraged at manchin and vice president harris cannot answer a question without laughing. some would say the president is jumping from the frying pan into the fire because he meets vladimir putin next week. is he escaping? we will discuss it on the show. to the markets look at bitcoin first of all a little shy of 35,$000 a coin, that his recovery from yesterday's lows, all the cryptos up this morning, not much price movement for the dow, looking at a gain for the s&p, 50 for the nasdaq. we are at or close, all across the board today. it is going to be a big show. we have a new air taxi that goes on display in las vegas tomorrow, it will be demonstrated there i believe,

this guy likes futuristic investments and that is one of them. more scientists making the case that covid started in wuhan lab. donald trump wants china to pay massive reparations. what will biden do? the vice president claims she did go to the border. in a way she did. wednesday june 9th, 2021. "varney and company" is about to begin. ♪♪ stuart: there is at least a $1 trillion at stake with this and president biden's infrastructure talks with republicans are dead. they would too far apart on spending.

top gop negotiator senatorito. >> was there a disconnect between what he wanted to do and what staff wanted him to do? >> i didn't have a disconnect with what the president wanted to do. he wants a robust package and that is what we gave him. he did mention the specifics i mentioned before. there was subsequent conversation with staff where it was made clear this has to be new spending and that was a departure from where we had been with the president himself. stuart: the talks are dead, $1 trillion at stake. what happens now? >> it's not entirely dead because democratic and gop members try to keep a bipartisan deal alive somehow so they agreed to that 8-year deal combined with near $5 billion congress has already agreed to. that is the total of $1.2 trillion package right there.

schumer will have to go it alone with democrats to sell that multi-trillion dollar packag . the biden -- they are inflexible and they have president biden calling senator manchin and senator senator and bill cassidy trying to get may be some hopes of a deal live at least. in a split senate it is going to be tough. stuart: doesn't look good. let's get to bitcoin have around 30,$000 a coin, 34890, that is up a couple thousand dollars from yesterday. is this because el salvador, central america made bitcoin legal tender? >> getting a lot of play on social media, jack dorsey tweeting it out, the first country in the world to pass

laws making it official, supermajority, prices can be shown in bitcoin. you can pay taxes in bitcoin and no capital gains tax, 70% do not have access to financial services according to one analysis. crypto currency will make it easier to reach them. doesn't that depend on access to the internet in a poor country like el salvador? that will be hard to reach those who don't have access to getting online but then you have several crypto houses i should mention, 2000 above 32,000 lows we saw yesterday, then 30,$000 for bitcoin because if we follow 30,000, the algorithms kick in and the cascade continues down to 20,$000 per bitcoin. stuart: it is a very volatile

market. can we conclude that and be accurate? next case the ceo of the colonial pipeline company coming back to the hill for a second day of testimony today. this time he will be in front of the house, joseph blount defendant paid a ransom. it was among his toughest decisions. today's hearings begin at 12:00 pm eastern. the fbi retrieved the bitcoin ransom. let's get straight to your money, some green on the left-hand side of the screen. joe duran joins us now. are you telling your clients to stay invested? it is a time for worry but stay invested and does that mean you are not worried about inflation? >> i am concerned about inflation if it should come but i'm not worried about it. if you think about what has been happening it is a shortage of supply. if you order anything, it is a problem to get it here because

the supply section hasn't happened and the shipping is overwhelmed. think about used cars, one of the largest components of the cpi at least because people can't buy new cars. they are stuck with the parts from the east coast. what you will see is shipping will resume, ships will become available, people will be able to buy new cars, cpi will go down. there is evidence of that when you look at the 10 year interest rate which is still below one.6. if there was real concern about inflation the number would be much closer to 2%. should not be too nervous about inflation. stuart: look at the yield, don't know if you can see or not but the yield on the 10 year treasury is down to one.48%, the market appears to share your view that we should not be that worried about inflation because when that yield comes down that is a

signal inflation is not an immediate problem. you have the market on your side as well. >> i think so and you have to remember it is rare for the market to go down 20% in an expansionary period. we looked at history since world war ii. average recovery, we had a big recession a year ago. average recovery has a 200% gain. we are up 90% so far and secondly 3 quarters of the time the market has fallen 20%, when the economy is slowing down. that is not happening either. that doesn't mean we won't a 10% decline. when the markets are as expensive as they are today, no one will say the market has achieved, you need to be aware the markets are volatile, might lose 10% but you will recover it too, don't want to do anything abrupt, because high volatility you have to figure out where to get in and when to

get back in again. very few are smart enough to know what happens any given day. the market is expanding, it is quite low but it is quite high, you want to write it up and have a portfolio regardless what the market does. stuart: telling us all steady as she goes. thank you for joining us. we've got to get to the meme stocks, after a new target, clover health surging again. 23% up this morning. what do you have? >> the volume is incredible, several hundred million shares, we know 40% is being shorted,

the redit page, every other post, wendy's hitting record high after it is mentioned. wendy's will downgrade, price target, you could be losing a lot in those levels in the meme stocks, clean energy fuel workforce making an appearance on the redit for them, we are pretty big this morning. goldman sachs says if you look at people buying in, the little guys drive the stock, they play the shares after it hit the peak, the traders, not just the recall crowd piling in but institutionals follow. that is an interesting market dynamic change. stuart: the retail crowd. i'm going to look at two other stocks which are moving big

time this morning. meme stocks or not. and was removed, from an infected patient. antelope enterprise holdings, up 50%, they make ceramic tiles in china. the investment advisory group organization, they call this company and enterprise holdings a crypto play. i don't know if we should call them meme stocks but they are behaving like them this morning, let's move away from stocks, to the housing market, the latest on mortgage

application, down 24% compared to one year ago. refi down 27% compared to one year ago. interest rates up a little tiny bit and not much to buy. mortgage application decline. futures down a point on the dow, up 51 on the nasdaq. president biden is on his way to europe, his first foreign trip since taking office. there is a problem, however, he's leaving behind a huge mess here at home. talking about that through the show this morning, the question that vice president kamala harris always tries to walk away from. watch this. >> you haven't been to the border. >> and i haven't been to europe. >> can you commit that you will visit the us-mexico border? >> yes i will. and i have before. stuart: texas congressman dan

crenshaw doesn't think the border crisis is a laughing matter. he joins me next. ♪♪ ♪♪ i will survive ♪♪ ♪♪ ♪♪ i've got all my life to live ♪♪ i got all my love to give ♪♪ [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”]

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>> the first beatles song of the morning and that is the one i like the least. looking at spoke game, washington, it is a cool 54 degrees, futures show not much

price for the stock market, the nasdaq is up 50, the dow is down, a mixed picture. president biden starting in a day trip in europe. susan, come on. what is the schedule for the rest of the trip? >> have you been to cornwall? i heard it is beautiful. that the location for the g7 summit and pass it on june 16th, the summit with vladimir putin and along the way you had biden holding meetings with boris johnson, at the g7 world leaders meeting you can expect discussion with vaccine diplomacy and whether or not the us will share the vaccine supply with the rest of its allies with the global minimum tax debate, going to 20%, large companies making profit margins above 10%. to start the show, glad to get

away from all the political drama at home. stuart: i think it is an escape, a nice word for it. then there is this. vice president harris getting some backlash for her responses to border questions. 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. i've been to the border before but i will go again. when i am in guatemala? dealing with root causes. we should have a conversation was going on in guatemala. >> can you commit you will visit the us-mexico border? >> i will. and i have before. stuart: i don't understand the laughing. dan crenshaw is with us. did this -- for the

administration? >> i will say i am happy about what she said during her trip. she said emphatically don't come, don't come. give credit where credit is due but it took a long time to get there. the other reality is for years she has been signaling we would not enforce our border and there would be no consequences for people who tried to cross the border. first thing they did when they came to power was reversed trump administration policies like remain in mexico, final cooperation agreements with countries like guatemala which made it easier to come across the border illegally so she's talking out of both sides of her mouth. the liberal rhetoric finally met reality. the root cause is an important thing, she is down there identifying root causes.

the root cause is lack of enforcement at the southern border, that is why she needs to visit and why we are making a big deal about this. 40 million people around the world would come to the united states if you let them. you can talk about root causes, the realities the buck stops at the border. stuart: i want you to talk about wokeism and the military. we've seen that in fact our schools, colleges, politics, media. it is always there. i think it is beginning to affect the military. what can you do, what will you do to stop it? >> what we've done is start a whistleblower page that allows active-duty members to anonymously submit their complaints with whistleblower legal protection this to my office and forward to senator cotton's office so it goes to the house and senate. we are going through all of it. we did this because i have seen so many issues that are boiling

up that indicate this woke nonsense is proliferating the military whether it is changing the seal fo's to gender-neutral or letting transgender seals go on cnn and interview with anderson cooper, and nobody else can do anything like that. the transgender policy is bad for readiness. and medically disqualified. you are seeing these things and hearing about critical race theory being used in training and we want to see some evidence of it and it is pretty overwhelming. we've seen some concerning things like privilege locks were based on your gender or skin color you are told to walk a few steps forward or backward and everybody gets to assess their privilege based on these characteristics.

they are culturally pushing meritocracy out of the place where where a talker is needed most, the military. we've seen other training programs where -- books about training called white privilege, unpacking the knapsack. it is very divisive, in line with critical race theory. they sell it under the guise of diversity and inclusion which doesn't sound as bad but is could grace theory which says every single thing should be viewed through the lens of race and gender. stuart: in the military that, i believe, is a disaster. come back soon and tell us what you discovered with your whistleblower page. you are all right, thanks for being with us today. here is a story the media will not talk about. and government report shows the administration has reunited 7, count them, 7 migrant children with their parents. get this. they aren't sure what happened to another 2000 kids. lara logan has the story later

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stuart: that is a live shot of saint augustine, florida, already 80 degrees and i thought we were playing the song summertime and the living was easy, that is the lee rick if not the name of the song, summertime and the living is easy. why are we playing that? because on the bottom right-hand corner of the screen is shock gilani, he things will be easy living time this summer on the markets. haven't changed your tune, have you? you've been on the show for 10 years and always said we are going steadily higher. you think we are going higher again this summer? >> i do. the markets are in a very calm

position, everything is almost goldilocks. what i'm worried about is inflation, doesn't seem to be a problem, you get the cpi figure, the markets, they don't care what the print is going to be. the markets saying i don't care, stock market saying i don't care, the vicks is showing just got over 17 yesterday. as far as the bond market, yields are going down, the 10 year treasury is one.47 so that shows the bond market. other indicators show tremendous calm everywhere i look. i don't see markets reacting negatively to what could be a very bad credit. stuart: you are saying to buy big tech. you have 20 seconds.

>> it is not the main focus, every one talking about reopening, the cyclicals get the big bid. all of the big tech stocks are buys. it is higher to go. stuart: thanks for your great 10 years of service, we will see you again later. the bell is ringing, we are about to start trading, we are going up a little when trading starts this morning. it is 9:30 eastern time. right from the get-go a modest gain for the dow industrials, 34,600 and the s&p has also gained a little ground to nearly going. on your screen the s&p shortly, if not i tell you this, the s&p is up slightly. a game of 7.18%. the nasdaq, a better game, big tech doing well and the nasdaq

is up almost half of one%. look at big tech and i will tell you why it is going up so much. across the board, they are all up. a big reason for that the yield on the 10 year treasury is all the way down to one.47%. that is remarkable when we are supposed to be getting inflation. big tech up, nasdaq up. how about the meme stocks, a mixed picture. straighten this out. >> we are back up another 20% after an 80% rally yesterday, 700 million shares being traded, 70 times the normal trading volume. throw in amc and game stop and wendy's, people downgrade wendy's but also some meme names in the past 24 hours the most talked about stock, clean

fuel energy. throw in workhorse and context logic, the second most talked about name in the past few hours or so on redit, better known as wish.com, the e-commerce site that operates, it is an amazon competitor, one of the largest e-commerce sites in the world. i will show you what is happening with the float. very small, 60% of available shares trading each and every day and the short volume is 8%. contact logic only 60% of the float is being traded. available shares changing hands each day and we have a small float, imagine the volatility gets exaggerated from the short interest on contact lodging, it is the same as wendy. they are playing the small number of shares trading each day and outstanding higher short interest on both stocks.

stuart: that makes it a meme stock. >> easy to manipulate because when you have a smaller float the moves are up and down. stuart: remarkably strong moves from the retail investor. they pile in. bitcoin, i am looking just below 30,$000 a coin. look at the rest of the crypto. >> sticking on the ethereums of the world, we've not seen much of a selloff compared to bitcoin that was bracing at 32,000. this morning some of the big crypto traders, 20,000 for bitcoin, if we breakthrough, and new records above 60,000.

>> the cryptos, dealt with big tech, how about target, down this morning a fraction, down one.20%. even though target just upped its dividend by 32%, nice gain, target is down but still at a high level for the stock, 234 on target. norristown motors, last time i checked it was tanking and it is still down 9%. they are warning, an electric vehicle maker, major problems. >> could go out of business. running out of cash, $250 million, finding it difficult to raise additional

money after the hindenburg research, the short seller which took down nicola and trevor milton over there and hindenburg is calling them fraudulent, using fraudulent data to over inflate those sales of their flagship endurance trust which they hope to sell production at the end of september but if you can't raise money to do that that is a big problem for a startup like this. stuart: they may be going out of business, that is a serious problem but what you are seeing in the electrics is consolidation. 100 years ago we had 200 combustion engine carmakers, that was synthesized down to 2 or 3, the same will happen in the electric market as well. >> don't over exaggerate even for you. let me ask you this. stuart: even for me. >> a lot of electric truck competition, ford with their lightning f 150 coming on and

general motors, competition, like nicolas. stuart: they have competition and some of them can't compete and shaken out and that is what we are going to see. let's get to campbell's soup. it looks to the future. that is what i can understand. we are coming out of the lockdown situation where we ate a lot of soup because we were locked in. going forward, we are not probably going to eat as much soup. too more stocks moving huge this morning. that company has removed the covid virus from the bloodstream of the patient, the first company to do that. it is up 400%. antelope enterprises, up 83%.

the motley fool, investment advisors, casual folks, they are calling this company antelope holdings the crypto play up 82%. that 10 year treasury yield, that is a shocker, one.48%. when we talk about inflation being upon is the yield on the 10 year treasury dropped below 150, and inflation indicator that is not indicating inflation. check the price of gold, where is that? close to $1,900 an ounce all over again. bitcoin one more time just shy of 35,$000 a coin and oil approached $70 a barrel and that is where it is now. $70 a barrel on oil and the national average for a gallon of her give the gas is $3.06. that is the market. it just opened and we've got it for you. q the horror music.

one new york times staffer says she is disturbed by our country's flag. role tape. >> i saw dozens and dozens of pickup trucks with trump flags and in some cases dozens of american flags which is also just disturbing. stuart: disturbing. you heard her loud and clear. the new york times argues her words are being taken out of context. we will deal with that. looking for an incentive to get the jab? how about a free joined, as in marijuana? that is what washington state is up to. we will tell you about it. ♪♪ ♪♪

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minutes into the trading session and we have a downside move 30 points lower for the dow, 45 up for the nasdaq. arc arc's kathy would says she has no fear of inflation. however i think she is saying a lot more than that and more important stuff than that. >> she said a lot of stuff but the inflation part she said before, that new technology like tesla, electric cars and zoom will bring down prices and inflation for prices at the pump. lumber prices are down 30%, copper is lower by%. below 150, she's predicting her portfolio will triple in 5 years, her flagship goes down the corridor from those february peaks and she does monitor redit friday is but

doesn't trade information or discussions on those pages. stuart: she thinkable triple arc in five years. that is the headline i can relate to. >> you have to talk up your own books to get peoples interest and attention. stuart: that is exactly what she is doing. left-hand side of the screen the tenure treasury yield is 147. there is a surprise for you. i want to show you archer aviation, they make those flying taxis you see on your screen. stock is up one%, there is the flying taxi on the right-hand side of the screen. greg smith is with us. there is a demonstration of this flying taxi, i know you will be there in person and you bought into this company. why do you like it so much, you tend to like futuristic things. is this the future?

>> good morning, yes. i think tomorrow we will make history. i will be in los angeles to witness archer aviation's first time unveiling their flying taxi to the world and witness this momentous event. as you know archers received $1 billion purchase order from united airlines when they come off of the assembly line and plan to launch taxis in los angeles and miami. what we are witnessing in the market is a big shift back to risk on. these futuristic companies like archer, they are going to benefit from the matrix moment we are entering right now. stuart: hold on for one second. i know you launched here but tomorrow there is a demonstration of what i thought was an air taxi and you talked about united to deliver at the end of the decade, i thought

they were buying supersonic planes, are they different? a supersonic plane different from the air taxi? >> absolutely correct. united, these are two separate transactions, archer is not involved in their supersonic jet but united has given archer a purchase order for $1 billion on their flying taxi different from the supersonic jet, the flying taxi will be a vehicle that will be able to carry people a range of 60 miles, 150 miles per hour so you see this take people from downtown los angeles to the airport in a handful of minutes, safer than helicopter, cheaper, quieter and better for the environment. united is also an investor on the closing of this transaction.

stuart: what will we see as a demonstration? is this plane going to take off, fly around? are you going to be in it? >> i don't think i will be in it. there will be a bunch of people watching history made. i don't want to ruin the surprise, take place at 6:00 pm pacific time. it will be exciting to see. i've been very nervous. stuart: what is the history? i don't get it. >> it is the first vehicle to be commercialized to transport people to the airport over long-range, prices that are comparable. eventually these will be autonomous. to move people from a heliport to the airport with no pilot involved and an autonomous mission. archer is going to be a huge beneficiary of what is to come and history in the making tomorrow. stuart: would you get onto an autonomous air taxi? >> i definitely would.

going to jfk, taxis and black cars, i find that far more dangerous than the trip i'm going to take to los angeles. these vehicles will be far safer, more redundant built into them, certainly than helicopter which has one single blade, these have 12 blades so multiple blades can scale in these vehicles can complete their mission but i would get into that. stuart: i am out of time but i'm watching a demonstration and hoping for your safety, thanks for joining us. there is intense bidding to occupy the third seat on the rocketship when jeff bezos and his brother blasted into space,

bidding for the third seat. what is the bidding price? maria: a birthday present for me, can you help me get $3 million for that third seat on july 20th? stuart: you want to do that? >> if i can afford it but almost the edge of space on the blue origin flight that bezos and his brother have the two seats now, you have 6000 bids coming from 140 countries, relatively safe according to. origin, they tested this quite a dozen times or so. the flight takes place july 20th, two weeks after bezos steps down as amazon ceo so potentially no corporate risk and bragging rights for jeff bezos because he beat elon musk on board to the edge of space but also branson who was on the test flight for virgin galactic, that is pushed back a year from now. stuart: i have huge respect for jeff bezos are actually doing it. what a guy. he is doing it and that is a good thing.

you and the rest of our viewers did not catch this in president biden's budget. he replaced the word mother with the term birthing people. and barbara mccalla will join us, wonder how she feels about that. time to go back to work. that is why 25 republican governors are ending unemployment benefits. democrat governor gretchen witmer has a different plan, she's going the other way. she wants to extend unemployment benefits. we have that story and we will tell it to you shortly. ♪♪ we can work it out ♪♪ we can work it out ♪♪ that's why td ameritrade designed a first-of-its-kind, personalized education center. oh. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. so it's like my streaming service. well except now you're binge learning.

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desperately trying to hire workers? >> business owners have some reservations about this proposal. you can work part-time and receive those unemployment benefits and the governor has proposed using federal coronavirus aid money to do that. we are at barber packaging, luke barber is the owner, what do you think of this? >> select few members of the workforce, continues to the incentivize workers, bodies and the plans. >> a part-time job to collect unemployment. how does it impact you? >> pushing out lead times and incentivize workers, to the workforce by increasing wages. ultimately it is causing price increases through the wages.

>> signing bonuses to bring workers, this proposal would go through the state legislature which is controlled by republicans. we will see if it passes. it is unlikely given what business owners and republicans say about it. stuart: grady trimble, see you again soon. coming up on the show, not much price movement, nasdaq is up 37. the dow is down again, not a lot of price movement today. bret baer is with us, where logan, byron donald's, and the great joe theismann is on the show too, the second hour of varney coming up. ♪♪

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♪. stuart: all right. good morning, everyone. 10:00 eastern. straight to your money, please. again, not that much price movement on the markets but we do have the dow now turning positive. it is up just six points. the nasdaq is up 51. look at oil, $70 per barrel. that is something of a landmark. 70.42 to be precise. look at the yield on the 10-year treasury. all the way down to 1.48%. that is the lowest rate since

march of this year. because of that, that low 10-year treasury yield, big tech doing very well, thank you, headed by microsoft which is up two bucks. nearly 1%. rest of them, big tech all higher. got it. now this. president biden goes to europe on his first foreign trip. seems to me like he is escaping the mess back home. just as he leaves his vice president has made the border crisis even worse. kamala harris said she had been to the border. she had not. she laughed her way through her interviews. did you see this? the vice president's non-appearance at the border mocked with a cardboard cutout. on the very same day biden failed to reach an agreement on a infrastructure plan and senator manchin remained adamant that the filibuster remain. that effective blocks biden's plans for gun control, equity

pay, unionization, a whole lot more. it is a dramatic split in the democrat party. that is hot raging mess. if that is not enough, more scientists are coming forward saying its almost certain that covid started at this wuhan lab. president trump would go after china for $10 trillion in reparations. what will this president do? the hunter biden scandal, that hangs over the relationship with beijing. new texts just released showing hunter frequently using the "n-word." enough said. this is why i'm using the word escape for the president's foreign trip. he is escaping administration mess back home. within the week president biden meets vladmir putin. the president is jumping from the frying pan into the fire. second hour of "varney & company" is about to begin.

♪. stuart: liz peek, i don't think our president will have an easy time in europe. we have this global minimum tax problem. we have the distribution of vaccines. that is a sore point. and he will meet vladmir putin. he is not going to have an easy time. liz peek. >> well i think he should cancel his meeting with putin that would give him a lot more credibility than anything likely to come out of this summit, stuart. let's face it, if you will meet with a head of state of an enemy country, that is what russia is, you don't start off your relationship by calling him out as a killer. ever since he did that, vladmir putin has done everything he could to humiliate joe biden and joe biden i think has had to crawl back even to get the summit arranged which is incredibly embarrassing. he asked to meet with putin. putin dithered about it. when did that happen with an american president? it should not. he went ahead lifted sanctions

on the nord stream pipeline. tell me that is not connected with setting up this summit. honestly, stuart, this whole thing could be a catastrophe. putin is crafty. he is a strong personality. we don't really apply those kinds of characteristics to joe biden and we know that joe biden's press people don't even trust for him to engage unscripted with the media. how in the world is he going to sit down and have a televised press conference which is the norm after one of these meetings with the head of state of russia a bully, someone who has no goodwill towards joe biden whatsoever? i think this is a mistake. look, i think he made some big mistakes already in his presidency. number one, this childish urge to ditch everything that donald trump did which is given him this border problem. number two, kowtowing to the progressives in his party who do not reflect the values of most

americans which has given him all this spending, caused joe manchin who is a moderate to have to stand up to him. joe manchin's state went for trump by 40 points. do you think he will get on board with hr-1, the voting rights act, or spending bills that biden has? he can't. that is my take. stuart: pretty full plate you just put out there. >> it is. stuart: one quick thing, bring china into this. now president biden, he goes to europe, he meets the brits, he meets boris johnson, he meets putin, but there is china hovering right there, may be responsible for covid. how does china play into this european scenario? >> it won't play in at all. that is really the crime here. the number one thing that the leaders of the free world should be discussing, stuart, is how china pays not only for possibly having created this virus, we don't know that for sure.

what we do know for sure is they lied about it, they covered it up, they prevented rest of the world to prepare for the virus and let escape out of wuhan when they knew it was highly contagious. china this is probably the greatest single criminal act ever perpetrated by china. that is a long list. if this is not the time free world leaders will stand up to xi xinping i don't think we'll ever see that happen. this is what joe biden should be talking about, not climate change which will be probably number one on his agenda. stuart: strong stuff, liz. thanks very much for being on the show again. we always appreciate it. we'll see you soon. >> thanks, stuart. thanks for having me. stuart: let's get to the market. you're welcome, liz, always good stuff. check the markets. dow down 20. nasdaq up 45, not that much price movement. look who is here? bob doll. listen to what this man has to say. he thinks a correction is coming

but i will bet you, bob doll, you can't tell me how bad it is going to be and when it is coming? >> sad but true. no clue, stuart. they have been farm almostly -- did you know the average year has a 10 plus percent correction, every year. that we would get one is not surprising. put it in context market was a little tired. yesterday was a perfect example. s&p 500 was within one point of the close the day today before. we're toing and froing of the tug-of-war. on one hand, you have an incredible economic backdrop which is producing pretty substantial earnings growth but on the other hand people concerned legitimately about how much is inflation going to go up? are interest rates going back up? i know they're down from 1.70, to 1.40 something on a 10-year.

there were 93 basis points at the end. year. we've gone two steps forward, one step back. i believe rates will eventually move up. that could be the catalyst for stocks to paws, consolidate, correct, whatever the words are. it will get harder from here. but you've got that liquidity, massive amount of liquidity which still makes the path of least resistance to the upside, stuart. stuart: for a lot of people there is no place else to go except the stock market. if you get into bonds, the yield is very, very little. get into the memes, it is very risky. get into the cryptos, same story. if you get into the spacs you could be left high and dry very quickly. there is not much else to invest in other than the stock market. we're kind of stuck, aren't we? >> absolutely right. this is part of the there is no alternative, the tina argument. what will i do with my money? cash is not attractive. you went through other assets,

over time the stock market is up another 100 points kind of thing. you're absolutely right. people are moving in because they don't know where else to put this massive amount of money that is sloshing around in lots of places. it is among the reasons stocks have done well. stuart: that will hold off this correction, which you know is coming but we don't know when it is coming or how big. bob, thank you for joining us. always good stuff. appreciate it. >> talk soon. stuart: yeah, we will. susan, you got some movers and you're watching fox. our parent. well what have you got on fox? nice gain. susan: there you go. matches my dress today. fox corp getting a notable upgrade from wells fargo being called an overweight, worth $47. could you get 30% more upside from here. the reason is the recovery in ad spending especially with linear television and linear cable which as you know fox corp does.

dish is downgraded by jpmorgan, you know weight with $45 a piece according to them. this is because of increasing competition coming from other form of streaming and entertainment. we're look forge the next reddit favorite. look at geoshares. strange volatility in the stock this morning. already halted for volatility once this morning. it is up a lot so far up some 54% since there might be some, shall we say social media at play here. speaking of social media, reddit, wall street bets favorite, clover health up again after 80% jump. new stocks on the wall street bets form, clean field energy and logic which owns wish.com. both of those stocks are seeing big gains so far in the first 30 minutes of trade. that's all. stuart: hard to keep track of when you ever stocks gaining 10, 20%. extraordinary stuff. really is. look at bitcoin. susan: yeah. stuart: it is about 30,000 bucks

below its record high, 64,000. 35,000 now. we got some strategists who think it is going to drop even further maybe, what below 30,000? who is saying that, susan? susan: if it falls below 30,000 it could go to 20,000 according to some large crypto traders, ever cores and there is a lot of technicals at play as you can imagine. bit core we've been stuck at the 30 levelses for some time. failed to break new highs at 60,000. if it falls below 30,000, according to technical analysts, it could drop steeply to 20,000 level which is a level we haven't seen since the start of this year, early january. it might represent a buying opportunity. social media banning likes of some of these crypto trading exchanges on social media in china. we know china is clamping down on mining and also crypto and bitcoin trading.

so that has been an overhang. of course colonial pipeline being able to trace now bitcoin to the digital wallet. somehow the fbi managing to get the key to recover bitcoins i think really thrown an overhang on the entire space. stuart: $35,280 as we speak. that is bitcoin for you. susan, thank you very much indeed. dr. fauci is back in the news. he says we should be worried about the delta variant. watch this. >> in the uk the delta variant is the rapidly emerging, it is the dominant variant. they had a b-117 dominant and the 617 took over. we cannot let that happen in the united states. stuart: okay. is dr. marty makary worried about this? he is with johns hopkins. he will join me shortly. the biden team is referring to mothers as birthing people. unbelievable. we've got the story.

first though, vice president harris dodging again on when she will visit the border. watch this again. why not. >> i've been to the border before. i will go again. but when i'm in guatamala dealing with root causes, i think we should have a conversation about what is going on in guatamala. stuart: look, the border surge shows no sign of letting up. we're going to take you there again with a live report as they stream across the border and vice president harris laughs. unbelievable. we'll be back. ♪. ♪ na na na na ♪ na na na na... ♪ hey hey hey. ♪ goodbye. ♪ na na na na...

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>> you haven't been to the border. >> and i haven't been to europe. i mean, i don't, i understand the point that you're making. i'm not discounting the importance of the border. listen, i've been to the border before. i will go again but when i'm inn guatamala dealing with root causes, i think we should have a conversation about what is going on in guatamala. stuart: vice president harris laughing again when asked if she will visit our southern border. she is laughing as hundreds of migrants from more than 70 countries poor into our country illegally. griff jenkins is at the border doing great work down there. griff what is the reaction locally on the border to vice president harris' comments? reporter: stuart, good morning. i'm standing literally on the u.s.-mexico border and property owners here are not happy with the vice president at all. if we lift our fox skycam, you can see on that side is mexico.

you can see how shallow the water is. on that side the u.s., house beyond the trees is a property owner that is very angry. i will show you why if you go to the drone footage we shot yesterday afternoon. you can see more than 65 migrants in a line streaming all the way across this river in just coming on to the property owner here. name is marcia morgan. happens every day, every afternoon. much groups of 60, 70, 890, sometimes up to 100. i asked her about vice president not coming to the border, saying the border is closed. here did what she said. listen to this. >> that is an absolute joke. we've had this property for 14 years and you know, occasionally you would see someone cross. very seldom. and now, you know, i'm here. i seen them with my own eyes. reporter: stuart, the last seven

days they have encountered nearly 6,000 migrants from 29 different countries. we were out with the border patrol chief. yesterday and literally had migrants crossing illegally right in front of us with the chief on board. he talked to me about how much this is profiting cartels. listen to this. >> so, just, so we estimate that the cartels are making about $25 million a week right now just moving people through the del rio sector. so they charge by demographic, by nationality. zoo everyone has to pay a different fee but everybody has to pay. reporter: stuart, pay they do, on a daily basis. that group that walked where i'm walking really with ease minus a few currents can make it dangerous were all venezuela venezuelaians. up this way a group of cubans and up this way a group of heche

shuns. there is no sign of it letting up. officials and residents here really hope the vice president will come and have a look, they will change the policies so that they can get this uncontrol. stuart? stuart: griff jenkins thanks for joining us. by the way everyone, you will only see this stuff on fox. the rest of the people, they won't touch it. congressman ronny jackson. he is a republican, he joins us from the state of texas. sir, why won't vice president harris go to the border, why not? >> the reason is, she does not want to be associated with what is going on down there. this is unmitigated disaster this administration created. it is not a laughing matter. it is disgusting and disturbing, every time she asks bit she breaks into some kind of a creepy laugh. she needs to see what is going down there first-hand. unbelievable she is going to the countries talking about possible solution.

she hasn't been down there to see what is going on. it is crazy. stuart: congressman jackson, do you really want to stop the surge at the border, they really want to stop it, do you think. >> they don't want to stop it. they designed this. they're getting people over here. assumption they will be voters today. for crying out loud, new york is basically giving them paychecks, giving them checks of $15,600, registering for state elections that is the big goal here. they have miscalculated. this is insane. this is criminal what is happening on the border right now, stuart. the biden administration should be held criminally responsible. they are helping cartels, providing logistical support for cartels to get people over here. i weren't to the border couple weeks ago, kids supposed to be between ages of 14 and 17. i asked them how much they had to pay. i heard the previous report how much people are making and. how much do you have to pay? they looked at me like crazy. they didn't pay.

they are not for. they didn't have any money. i thought everybody had to pay cartel to get here. they do. they have to work it off. these people will be working for the cartel when they get here. this is all designed by the cartels to have this army, this logistical army in our country for their criminal activity. stuart: doctor, hold on for one second. i want to go to ashley. we have a report on the surging charge which the smugglers are charging the illegals. what have you got on this ash? ashley: if you want to know how much smugglers can earn, how about $200,000 working two days a week. i said 200,000 for two days a week. according to an interview in the "washington times." this particular smuggler was making that money, driving migrants through a border patrol highway checkpoint near el paso, texas. based on the number of migrants, prices they are paying, smugglers are easily on track for the biggest profits in their

history. migrants fork out payments along the trip for every bus ride, boat trip, foot guide, paying average of $9,000 to get across. smugglers are gig workers contracting as drivers for the cartel who franchise the operations to coordinators and independent operators. it's a well-oil machine. the cartels take a cut of all the profits of course. and those profits are huge as we heard from the border patrol agent, 25 million a week is the estimate. stu. stuart: extraordinary. thanks, ashley, strong numbers indeed. back to dr. jackson, what are you going to do about this? what can you do about it? >> we have to stop this. we had everything in place during the trump administration that this didn't happen. undid so much in large part with trump associated it. stuart: we're not going to stop it, doctor. we're not going to do this. this administration will not stop it, where do we end up? >> i agree with you.

stuart i want to point out also this is criminal on many levels. guatemalan president hisself told kamala harris that they were the reason this was happening because they told people that they would be united with their family if they got to the united states. what happened was coyotes started going into neighborhoods, rounding up children and bringing children over here knowing that would be, that would be an avenue for the parents to get there as well. so they have created this crisis. they are child trafficking is what the biden administration is doing right now. we have to stop it. there is so many -- if this were republican administration they would be up in arms. it would be people, the press would be going crazy right now. but no one is talking about it. stuart: the media is a disgrace, an absolute disgrace. i wish i had more time, congressman, i really do. but we're out of time. come back to see us again soon. ron any jackson, congressman, texas. >> thank you, stuart. stuart: back to the infrastructure deal when the ben

the white house and senate republicans is officially dead. senator capito is may have been a problem between president and his staff. >> did you see a problem with the president wanted to do and what his staff wanted to do? >> i wouldn't say i had a disconnect with what the president wanted to do. stuart: the staff, yes or no, we don't know. bret baier coming up. he will tell us. first covid vaccine testing has begun on very young children from six months of age to 12 years. what does that mean for school in september? how many parent are going to have their six-month-old babies vaccinated. what a story. and we've got it for you. ♪.

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...it's a tasty way to conquer your day. try centrum multi gummies. now with a new look. ♪ ♪ ♪ ♪ ♪ ♪. stuart: just joining us? i'll tell you this, the markets show modest gains across the board. dow up 24, nasdaq up 36. s&p up five. i see green. there is this, vaccines could seen be available to children as young as six months. pfizer and moderna are now testing their vaccine on kids

under 12 years of age. jonathan serrie is with us. jonathan, how soon could these very young children actually get the jab? reporter: looks like till with be a lot sooner than what public health officials initially anticipated. originally they were saying soonest would be late winter of this year or early next year. now it looks like pfizer around moderna are optimistic that children under 12, some age groups at least, may be able to get the shots as early as early fall and that the vaccine could even become available later in the fall to children under two. right now they're testing the proper dosing to determine which amounts of vaccine are the safest and most effective for young children's smaller bodies it may not be the one size fits all dose that people 12 and over currently receive. >> when the opportunity presented itself we wanted to get our kids involved in the

study to help make sure it is safe for other kids, as well potentially have them vaccinated as quick as possible as well. reporter: although children are at low risk for complications from covid-19 they can still spread the virus. so public health officials say getting them vaccinated will be a crucial step towards the u.s. achieving herd immunity. nearly 64% of adults in the u.s. have received at least one dose of covid vaccine but when you include all age groups the figure drops to 52%. pfizer plans to begin testing its vaccine on babies as young as six months old in the coming weeks. they expect to have data on the under two years old age group sometime in october or november. stuart, back to you. stuart: you're really raise your eyebrows when you start talking six-month-old babies. jonathan serrie, good stuff. thanks for joining us. reporter: certainly. stuart: well-said, young man, thanks.

let's bring in dr. marty makary. he is the author of a fine new book, called, "the price we pay" on your screens right now. doctor, thanks for joining us. vaccine trials for kids as young as six months of age? maybe vaccinations for babies by end of this year, or fall of this year, does this age group really need the vaccine? >> one thing we have to consider the background level of infection or the threat out there. if the cases in the community are very low why are we protecting kids from an inneck shun is far lowest than meningitis or other infectious diseases? there are have been seven cases of boys 16 to 19 developed heart complications. they were transient. it is called myocarditis within four days of getting the seg dose of the pfizer vaccine. there may be side-effects in kids. overall it may be safe. vaccine safe in adults is going

to be safe in kids once they figure out the case for dosing. the case for a healthy kid to get the vaccine is there but it is not compelling. stuart: what happens if the teachers union, any other group says you can't come back to school, you can't come back to k-12 unless you got the jab? you have a real problem right there? >> we're going to be in for a battle if that is what they start saying people are recognizing no healthy child in america has died of covid that we know of. there have been 300 kids died of covid, all whom it would appear have some comorbidity. in that population they need a vaccine. otherwise the case is not compelling. stuart: doctor, i will play you a sound bite where he says more people need to get the jab before delta, that delta variant becomes dominant in america. watch the tape. >> the delta variant currently accounts for more than 6% of the

sequenced cases in the united states. this is a situation, the way it was in england where they had a b-117 dominant and then the 617 took over. for those who have been not vaccinated yet, please, get vaccinated. stuart: all right, doctor, how worried are but the delta variant? >> stuart, he has a very commanding voice, doesn't he? he sounds very authoritative there. what we have to do remember put things in context. none of the variants, there have been hundreds, evaded the life protecting power of the vaccines or even natural immunity. i have a piece on natural immunity in today's "wall street journal." we got to put that in context. at the same time i will tell you we need to show humility and be ready to change up our strategy. we have seen an increase in cases in the uk in last few days. it may be attributable to this new strain may be more contagious in the unvaccinated

population where it us still circulating. stuart: congratulations on the new book, doctor. i will be read it. we appreciate you being on this program today, dr. makary. >> thanks. stuart: i've got numbers for you just in from the oil market. inventories were drawn down to the tune of 5.25 million barrels. that is quite a drawdown. that implies demand is strong and look what's happened. the price of oil has gone to $70 a barrel. lockheed martin getting questioned about its white male privilege training, forcing staff to deconstruct white male culture. we've got a report on that for you in the next hour. we'll be back. ♪.

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>> did you see a disconnect between what the president wanted to do and what his staff wanted him to do? >> well i wouldn't say i didn't have a disconnect with what the president wanted to do. he wants a robust package and that's what we gave him. he did mention those specifics i mentioned before. there was subsequent conversations with the staff where it was made clear that it has to be all new spending and, and that was a great departure from where we had been with the president himself. stuart: all right. you got the picture? senator capito telling bret baier why the infrastructure deal is now dead and bret is here with us this wednesday morning. i'm not sure i understand about whether the president's staff wanted this and he wanted that. i don't understand that, but i do understand that the talks are dead and i want to know what's next? because we're dealing with a trillion dollars here? >> or more, stuart. good morning. it is interesting that the first

talks are dead. the white house is now hanging its hat on another set of talks that were underway already, frankly, may have undermined some of shelley moore capito's efforts. this is with cassidy, senator cassidy from louisiana and senator sinema from arizona, bipartisan talks. but to hear senator capito talk about it, they had a deal on specifics with president biden that they were writing up their specific pitch based on what he told them and then the next day, or in subsequent days the staff walked that back and said that is not good enough. and that is where the frustration came from. you're going to have this back and forth and then it is going to come to the end, i think, to whether the white house can convince senate democrats in that caucus that republicans are being somehow intransigent and

don't want to do this, thereby do reconciliation with just democrats 50 plus one. stuart: it is a new science to me, a brave new world, i'm not sure i really understand it but i do understand that senator manchin is adamant about keeping the filibuster and i believe that that means some of the more progressive ideas, gun control, pay equity, unionization, don't stand much chance in the senate. have i got that right? >> no, you're exactly right there. and it is not just senator manchin. he is the guy taking the blowtorch from the media. he is mentioned at every turn but there are actually several democratic senators who have a problem with removing the filibuster. maggie hassan from new hampshire, jon tester, mark warner, mark kelly out in arizona, kyrsten sinema. it is not just him. i agree with you without the ability to get off of that 60

number, with this senate, that agenda is going to come to a abrupt halt. stuart: and the far left in the house and the senate is not going to be happy about that. seems like there is a really, raging fire, raging split between the two sides of the democrat party. that is not good as you're going into these intense negotiations about what on earth we're going to do. >> right. it's not. you can hear that from different person ditz on the left, progressive side, even calling joe manchin a white supremacist. he is anything but. he has a long history, in fact meeting with leaders today, african-american leaders. but that is beside the point. the fact it has gotten to that level, that vitriol suggests how upset they are with the fact that they can't get the numbers. stuart: i hope you don't mind me saying this, bret, but it seems

to me you lost weight and i found it. >> i'm getting there. i'm getting there. i'm getting there. stuart: you are. been a couple weeks since i've seen you on this program and i can tell, young man, i can tell. you're doing well. congratulations. >> i appreciate it. good luck in your battle. stuart: [laughter]. i've had many battles along those lines. lost them all. bret, thanks for joining us. we'll see you tonight. check up on you the way you look tonight, 6:00 p.m. eastern on the fox news channel. thanks, bret. see you again later. the senate has passed a bill to raise fees on big mergers. susan, how much, how much extra will companies have to pay and does it matter? does it count? susan: well, i'm fighting the bulge too, we're in it together. stuart: get out of here. susan: okay, we're talking about deals, five billion dollars and bigger, fees will go up almost

10 times. paying $2.25 million there. that is up from the current $280,000. for smaller deals, those smaller deals are under $161 million. that fee goes down to 30 grand from 45 grand. so big deals and mergers, the fee goes up. for smaller ones the fee goes down. this senate bill is sponsored by klobuchar and chuck grassley to, better fund the doj and sec. to make sure that the deals are being followed and looked at more closely. calculation what i will see, it will add another 20% to the ftc antitrust budget. this bill needs congressional approval. looks likely since democrats have narrow majority there. stuart: actually those fee increases don't seem like that much to me, certainly manageable. it is not going to make that much difference. susan: if you're paying five billion in a merger. yeah. negligible. stuart: got it. all right. staying on the hill, the

senators passed bipartisan legislation. ashley, what, the news, that is news in of itself that they're actually passed something. now you tell us what is in this particular bill. ashley: yeah. you don't hear the word bipartisan very often. it is called the u.s. innovation and competition act and it is aimed making sure that the u.s. remains competitive with china as one of the world's it being powerhouses. the bill which passed the senate on 68-32 count commits roughly $250 billion in funding for scientific research, subsidies for chip-makers, boy could they use those and robot makers. also an overhaul of the national science foundation. lawmakers say failure to expand the country's semiconductor production or reroute rare earth supply chains could leave the u.s. at strategic disadvantage.

president biden said we can't risk falling behind other countries. the legislation goes to the house where it may indeed pass. stu. stuart: i think it will. it is $250 billion worth as well. okay, a chunk of money. all right, ash, thank you. the story you will only hear here, leaked text messages from hunter biden using racial slurs to talk to his attorney. we will get into that. live shows are back, and already sold out months in advance. vegas, coming back strong. ♪. wealth is breaking ground on your biggest project yet. worth is giving the people who build it a solid foundation. wealth is shutting down the office for mike's retirement party. worth is giving the employee who spent

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♪. stuart: looks like a great day, doesn't it? beautiful sunshine there. that is vegas. 82 degrees already. all right. we're showing you vegas because live shows have come back to the strip. this is a big deal here. edward lawrence is at the

bellagio, my favorite hotel there, and you're speaking to some headliners for these shows. i take it they're getting sellout crowds, edward? reporter: huge amount of demand. i'm live at the o theater inside of the bellagio. cirque du soleil will start performance july 1st for the o. performers waited 15 months. they had to sue over the fact if and when they get back to live audiences being be able to see, feel that energy, see the people's faces related to this. down the strip carrot top was the first of the las vegas performers to start an unrestricted show. his started two days ago. he says during his off time he was able to write jokes and also he says, he got covid hair. >> there in last night the first time the audience was all one. they would love because the guy next to them was laughing. prior to that, literally the first audience members way back there. there was nothing to feed off.

comedy is contagious, bad word to use during covid. very contagious. laughter is that. you need to feed off people next to you laughing. you feel like it is okay. he is laughing. reporter: go down the list of shows across the las vegas strip that will start up in the next seven weeks. sir day soleil will start all seven shows. this has been in front of 265 million people globally since it began. not just big performances but individual shows, brad paisley, katy perry, lionel ritchie all booked. demand is there. they want to be in front of that crowd. >> certainly concerned and i think everybody in our industry was. we didn't know how people would react. people feel comfortable going out again sitting next to other people. if they feel comfortable going without a mask whatever it was. and we're seeing that is not an issue at all. reporter: chris hammond said aeg is not having a problem finding

performers to get on stage. they're having a problem to find enough tickets to sell. demand is there people are couped up the past 15 months, wanting to get out. they say they are booking at 2019 levels. demand is going out through mid 2023. it is happening across the nation according to aeg. also, stu, las vegas on july 4th is doing fireworks. very interesting. back to you. stuart: absolutely. we are coming back strong, especially vegas. especially the bellagio. great place. edward, thanks very much indeed. the state department easing travel advisories for dozens of countries. ashley, which are the big countries we can now go to? ashley: all right. how about mexico, canada, france, germany to name but a few. it is a move that could ease airline restrictions for people wanting to go overseas as the covid pandemic begins to wane in parts of the world. now the department changed its travel warnings tuesday for

nearly 60 nations, from level four, or do not travel to level 3, which is reconsider travel. the advisories aren't binding by the way but they can help airlines and other countries is the their own restrictions for travel. the state department says it is updating the advisories after the cdc changed the methodology for its travel health notices. so you can go to paris. you can go to berlin. whatever you want, stu. stuart: i was hoping you were going to say australia and or new zealand but you missed them out. we're not there yet. ashley: sorry. stuart: here is what is coming up the next hour. martha maccallum, mark tepper, lara logan and joe theismann is back. plus i think it's a set-up. a left-wing media outlet leaks details about tax, pay by the super-rich. socialists jump all over it. it is a setup. that is the theme of my take coming up next.

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>> did you know the average year has a 10% correction every year? if we get when it is not surprising. incredible economic backdrop is producing substantial earnings growth but on the other hand you have people concerned about how much is inflation going to go up? >> it is rare for the market to go down more than 21%.

the markets will be volatile, we might lose 10% but we will recover it. >> the markets are in a calm position in a state of everything is goldilocks. the markets don't care what the pace is going to be. >> tomorrow we will make history. we will be in los angeles to witness archer aviation unveiling their fine factory. it will be safer, they have more redundancy. ♪♪ going to rot ♪♪ going to rock all around the clock tonight ♪♪ stuart: i will that i am one of a couple hundred people in this audience who remembers bill

haley and his comets's rock around the clock. that is from the distant past. 11:0 one eastern time on wednesday june 9th. straight to your money i see some green but not a lot of it. dow is up 38, nasdaq 37. the meme stocks, there is some action, not as dramatic as it has been in the past. wendy's is down 10%. amc is down, game stop at a fraction. 3:05 a share in game stock. now this. it is a set up. just as inequality ramps up, a left-wing media outlet leaks details about taxes paid by the superrich. q the outrage, these billionaires paid less then the socialists think they should. what an outrage.

the irs, tax information, was illegally leaked, to galvanize public opinion against the rich so we accept the seizure of their wealth. that is what senators warren and sanders demand, confiscation, seizure, they will take it off you and biden wants the irs to have access to more measures that would make it easier to them to grab it off you. confiscation made easy. the socialists do not care about their performance of the economy or the well-being of middle america. they just hate the rich. they want your money. third hour of "varney and company" starts right now. martha maccallum joins us this wednesday morning. you are on my side here, the irs data was leaked to make the billionaires look bad so we could get on board with income inequality and let's do something about it. you with me?

>> research, messaging, all those things and when those items should be released, you're right on this. feels like a collective argument making machine with regard to this. i remember when elizabeth warren was the first politician, first member of the senate to say we don't want to just look at your income when we talk about taxes. we think it is fair to look at your assets. that was a real turning the key moment. there is more we can tap into to build up your life than what falls to the bottom line for the irs. stuart: it looks good in some respects, and that is not the way we should look at taxation. that is the way the left looks at it because they want to

shame the rich, i hate to say it but that is an effective tactic. >> one of the things the polls better than everything, should rich people pay more in taxes? that is a popular notion across the country but without all those, people paying all those taxes or those who fall below the number, the group that singled out who seem to be masterful at figuring out ways to get around it, small percentage of the country pay an overwhelming amount of the taxes for the entire country and that is the truth. when you look at those numbers and those folks across the country they are doing more than their share of the burden of taxes across the country but there is also a lot of appetite, for a flat tax, minimum tax that nobody should be getting off scot-free in terms of paying income taxes. there are too many loopholes

around it. stuart: i'm not holding my breath. >> probably a reasonable idea. that might have something to do with it. tax attorneys don't like those solutions. stuart: don't get me started on the lawyers. i don't know about that. it is midday for me. in this year's a budget president biden replaced the word mother with the term birthing people. don't know whether to laugh or cry about this but seems like this use of words is invading every aspect of our lives. you are mother. what is your reaction? >> i'm not a birthing person, i am a mom. it is one of the most beautiful moments of your life to become a mom. i do when i see these things

did anybody show this to the president? did he go through this and say that makes sense, we should call moms birthing people, there is a doctor, a physician who pointed out to me, came through in their internal hospital memos, her reaction was you've got to be kidding me. i'm supposed to go into the labor room and call the mother a birthing person? this is the language. when we talk about birthing people we seem inclusive, we use gender-neutral language when talking about pregnancy because it is not just -- reproductive freedom is for everybody. really? stuart: you ever feel like you are walking a minefield? the slightest infraction of the word you use and the emails will fly, you will be held to ransom on social network. it is is a minefield, isn't it?

i remember when we had relatively free speech and give and take on both sides, those days are gone. welcome to a brave new world. >> i don't want to live in a place where there is no freedom of speech, that is why we are happy to be in the united states of america. we have to stand our ground and pick up for free speech every single day. we have a platform to do that which is a good thing. stuart: yes we do. we will be watching you on the story, 3:00 pm eastern weekdays on fox news, we will see you this afternoon. back to money. i will check meme stocks, not that much movement but look at game stop back above, at $308 a share. the rest of the mostly lower except a genius.

mark tepper is with us. we usually talk to mark tepper, he has a lot of life and a great smile, we usually talk to him about the ongoing stock ticket rally and he has been right because we have an ongoing stock market rally but do you ever dip your toes into the meme marketplace? do you ever buy in? >> know. that is not for us. when it comes to the stocks that we buy for our clients the issue we have with meme stocks, this is a trend that is working for right now but at some point it is not going to work anymore. the market will allow these inefficiencies where you have one party, a lopsided play where one party is winning heavily at the expense of another. then the market adjusts and when it comes to meme stocks everyone knows the strategy. we know the playbook. their opponent knows the playbook, small-cap stocks and just to use a baseball analogy, with a 100 mile-per-hour

fastball you have been blessed with the following opportunities like these redit traders but if you keep throwing that fastball down the middle without mixing in a changeup or curveball the other team will sign you up and someone will smack that ball 475 feet, so it is working right now. it won't work forever. the opponents will wise up and change their strategy. i guess you got to get in when you get in. stuart: back to reality at 8:30 eastern time, the lease numbers on consumer price inflation. i think they will be very important in the big inflation picture. if they show a sharp rise in inflation and they may will do that do you see a nasty selloff on the markets? >> i don't know, there will be a selloff because there's inflation overall that is not good for stocks. as inflation goes up multiples on stocks come down. if we are looking at 3% to 5%

inflation that is longer than transitory whatever that means whether it is 6 months or a year multiples could come down 15% to 20% over time so there will be multiple compressions but inflation is here. we talk about headline inflation up 4.2% year over year. the inventory to sales ratio is at a multi-decade low. when that happens, prices have to go up. that puts the fed in a situation where their feet are held to the fire. they will probably hike rates sooner than the markets anticipate. stuart: watch those numbers, we got committee:3 tomorrow morning and hope the audience will be watching. that is very important. thanks for joining us. i have no doubt we will see you again soon. come on in, susan? are you following? other meme stocks? >> the hot once today, clover and wendy's getting a

downgrade, downgrading to $25 and that is why it is lower by 10%. throw in amc game stop after the bell and we expect losses still for game stop and maybe an update on the transition to online, the us meme stock mentioned on the wall street for him, i went through the page, clean field energy far and away the number one stock being mentioned now and contact lodging which owns wish.com and getting the most hits over the last 24 hours, workforce, electric carmaker getting lots of attention on social media and talk about electric carmakers going the opposite direction, lord's town warning it might go out of business, running out of cash, short-sellers hindenburg accused them of the over inflating their sales so it is

a social media world we live in. stuart: time i joined it maybe. we've still got a huge show still to come. joe theismann is here. why is he headed to the golf course? there is a good reason for it. we will ask him about it. a member of the new york times editorial board says

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even a dry spot. if we left the sky cam, the us on this side , mexico is back over there and if you look at the drone footage we showed yesterday afternoon you can see a line of 65 venezuelan streaming across where i am. they do it every afternoon and have been doing it for months in this location. we spoke to the property owner on this banks, marcia morgan is absolutely unhappy with the administration at handling of the crisis? i asked about the message for migrants not to come. here's what she said. listen. >> that is an absolute joke. occasionally we would see someone cross. very seldom.

and now i am here, i've seen it with my own eyes. >> the tour we got yesterday, we saw every inch of this river, who this ultimately benefits, this human smuggling, it is the cartels. listen to what he said. >> we estimate the cartels are making $25 a week right now through that sector. and demographic and nationality. >> and the chief said, what we saw yesterday, 74-year-old

grandmother, difficult parents like this one and to give you an example you see this sugarcane read that moves quickly. that is how migrants get into trouble and then border patrol has to rescue them. they are doing it to the tune of thousands this year. stuart: griff jenkins in the middle of it. good stuff. congresswoman lauren boberg was determined to bring vice president harris to the border. watch this video. >> more than 70 days ago, biden named cackling kamala as borders are but she has not done anything to protect the american people. kamala, i want you to stand here and look at what you have done. stuart: that was sarcasm and i found it kind of funny but this is not funny at all. a new report shows only the us

reunited twee 7 migrant children with their family since february. 7, that is it, 7. that is a government report that says that. lara logan is with us. the dhs report, does not know what happened to nearly 2100 other children. where is the media outrage? >> speechange-trying to make sense of it all morning. nobody seems to understand this, appears to be referring specifically to families who were separated under the trump administration. that's where the person talking to reporters specified and even that doesn't make sense because there are thousands of families cited in the dhs report.

it started intentionally slowly but what i am hearing from other people is about thousands and thousands of children being bused around the country. i have video from the ground in chattanooga, tennessee. i've spoken to other people whose companies were paid millions of dollars to come in and set up temporary facilities in san antonio, texas and carry children to the hospital with broken bones, dysentery and covid and clean them up and ship them out and what i heard from multiple sources is there are very few and often no checks whatsoever being done, who these children are being handed over 2, one facility went from 2000 kids to 0 in less then 3 months and it is making workers who are in these places feel very concerned that this administration is shipping kids out all over the country with 0

id who they are going to and the cartels are laughing because their trafficking these kids whether for forced labor or to turn them into camels on the streets to tell drugs or to use them for child porn, child sex videos and child prostitution and you know the average age estimated for the lifespan of a child who is trafficked, they don't survive more than three years once they are sold. they are raped and raped and raped until they basically die. stuart: that is strong stuff. i am out of time. that was extraordinary reporting. absolutely extraordinary and thank you very much. you are doing a great service to america and those poor people trying to cross the border. we will be watching you on your show. lara logan has no agenda, it is available exclusively on fox nation.

let's check the markets. a little bit of green, doubt 46, nasdaq up, the s&p up 6. caterpillar's board voted to increase their quarter dividend by $0.08. the new dividend is going to be one dollar and $0.11 per share. general motors is going to start building their full-size trucks without the auto stock start feature. that feature help save fuel. this is another result of the check shortage. uber, don't know if this is relevant, and announced two new features, users can tell the driver which side of the street they are waiting on and riders will get us choice which route they want their driver to take. it is below $50 a share. leaked text messages show hunter biden repeatedly using racial

slurs to talk to his lawyer. no media outrage there. lockheed martin reveals they sent 1000 employees to white male privilege training. any outrage there? i don't know but we have a report on it. oh! are you using liberty mutual's coverage customizer tool? so you only pay for what you need. sorry? limu, you're an animal! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ this past year has felt like a long, long norwegian winter. but eventually, with spring comes rebirth.

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stuart: you are looking at charleston, south carolina. it is 82 degrees, partly cloudy. i feel like a weather forecaster. it is partly cloudy in charleston. show me the markets, we don't have that much price movement, dow up 30, nasdaq up 34. some real movement in the 10 year treasury yield, one.49%, it had been 146, 147 earlier, 149 now. you get inflation numbers first

thing tomorrow morning, that could affect the 10 year treasury yield, that would expect big tech. johnson & johnson's ceo says people will likely need to get covid booster shots with the flu shot for the next several years, good for that business but how about the rest of us? j and j up one%. look at those two stocks which were big movers, still moving big time. athlon medical says they removed covid virus from the bloodstream of patients. nobody else has done that, that is a 350% gain. maybe this is a meme stock. antelope holdings make ceramic tiles inside out. the investment advisory group calling this a crypto play. doesn't matter whether they are meme stocks or not, both of them our way up this morning. lawmakers questioning lockheed martin over its white male

privilege training. doesn't affect the stock but a big deal for the employees. dan springer is in seattle, washington. what is lockheed saying? >> they are not shying away or backing down at all. the spokesman confirmed a letter to senator tom cotton and the details on the diversity training title, white men's caucus that included a free association exercise with white men being equated to old, racist, privileged, anti-women, angry, ari and nation and even kkk and this was a mandatory zoom training session for 13 top executives that in june of last year all white men. a writer and fellow at the manhattan institute wrote the initial story two weeks ago and tweeted today, quote, in response to senator tom cotton, lockheed martin ceo, admits the

company sent 1024 employees through mandatory white male reeducation programs forcing them to deconstruct white male culture and atone for their white privilege. also in that letter from lockheed to cotton the ceo defended the training saying by encourage a diversity of backgrounds, thought, experience and skill sets lockheed martin was able to recruit and retain some of the best talent in america. senator cotton think the training violates the principle of equal treatment including civil rights law which permits employers from discriminating on the basis of race. lockheed martin takes in $4 billion a year in defense contracts, a spokesman told me he doesn't think any of these contracts are in jeopardy because of this training. stuart: dan springer, thank you. let's bring in congressman byron donald from the great state of florida. what is your take on this white male privilege training in whatever context, lockheed or university or wherever.

>> i want to say good to be with you. in my business career you are on tv all the time. i made the big time on foxbusiness. happy to be here. this training is disastrous and destructive of any company's organizational structure and of a country. we all know the history of america, it needs to be taught in school.

and not necessarily in red counties but in blue cities in blue states where parents are pushing back whether white or black saying don't bring this garbage into my school to teach my child that because the child happens to be white they are less then or if it happens to be black they are better than their white counterparts but people incorporate america need to push back as well. it is wanting to embrace diversity and treat people equally and to view them based on the ability of their work and what they do. it is another thing altogether to start putting some people down or pulling them back up egg because of the color of their skin. that was the path of our country, that is not the present and shouldn't be the future so

corporate citizens and people who work in these corporations need to speak up and can't be afraid of doing that. stuart: i use deal with this item as well real fast. text allegedly from hunter biden were leaked by the daily mail shows that biden called his wife's lawyer a racial slur multiple times. use the n-word. that is obviously awful. where is the press outrage? where is the media outraged at this? i don't see it. >> you are kidding me, right? we know the media covers for joe biden and hunter biden, didn't report the laptop story because they knew it would damage joe biden's chances of getting the presidency because what has been revealed is what we know, hunter biden is making millions of dollars because his daddy was vice president and now his daddy is present -- president. the only reason he's making money is because of who his daddy is.

that being said, the reason why the media won't cover it is they always cover for the democrats. if don junior had one text message that said anything like this it would have been world war iii from big media not just against the trump family but all republicans. that is what would happen. he's getting a pass, he shouldn't get a pass. he should answer for his comments the way any republican would have to answer for their comments. stuart: i am so glad you watched our program over the years because you are one of the most articulate congressman we ever had on the show and we do hope you won't be a stranger to us. you got to come back soon. congressman byron donald which part of florida you represent? >> naples fort myers, beautiful place. stuart: that is very interesting. i know the area very well. if you are not careful i will come and see you. thanks for coming with us. >> any time.

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stuart: house republicans taking on facebook for what they think is covering up or censoring of the origins of covid 19. hillary vaughan is on capitol hill. my question is what is the gop trying to get out of facebook? >> they want the emails between doctor fauci and other government officials and mark zuckerberg and other facebook employees because they want to know if doctor fauci and other government officials colluded

with big tech to block users from posting content that question the origins of covid 19. emails were released, part of them rejected by the government, jim jordan of house judiciary and kindness and james comeare want them to hand over emails related this content, the letter obtained by foxbusiness to facebook says, quote, these communications with doctor fauci raise the prospect that the federal government-induced facebook to censor certain speech in violation of the first amendment, government should not list private firms, when a private company especially one with facebook's market dominance to preface free speech at governments that have trampled citizens constitutional rights. facebook just weeks ago reversed its decision to ban is content claiming it leaked from a lab or was man-made and republicans say that is an omission facebook

should not have had in the first place. i talked with congressman jim jordan this morning about that. do you think if facebook didn't put that in place and these questions had picked up momentum online we would have reached answers more quickly? >> good question and we don't know but it probably would have helped. >> facebook is downplaying emails that exchange between doctor fauci and zuckerberg. andy stone tweeting explanation, quote, in the early days of this pandemic facebook reached out to the nation's for most infectious disease expert in addition to connecting with others on the coronavirus task force to offer our assistance. the redacted part of the email zuckerberg told doctor fauci of the plan we described to share facebook credit with government agencies to help them run coronavirus tsas but that answer explanation from facebook is not enough for congressman jordan.

>> we want to know what is on the redaction. it can't be classified information. why does the government say you can't see what the high-speed official in our government, doctor fauci and the head of one of the biggest companies on the planet to see what they are talking about and we know what they are talking about, it led to certain information being kept from the american people. >> republicans are going alone on this request and facebook technically doesn't have to head over this information but we will see if they do. stuart: nothing touches facebook, the stock is at $333 a share close with all-time highs. thanks for joining us. again, i haven't of changing the subject rapidly on this program and we are doing it now. green bay packers star aaron rogers could be fined 93,$000 from using mandatory training. i will ask football legend joe

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play athletes. what is the latest? >> reporter: excuse me if i can get the sentence out. they are set to take effect this summer, would allow students to get paid for their intellectual property, their name, likeness and image and the changes coming as the supreme court is making a ruling on whether the ncaa rules don't allow compensation for student athletes, violate antitrust laws. the patchwork of state laws allowing college athletes to negotiate endorsement deals violates into aa rules and because they are facing the lawsuit there's been little appetite to simplify or change their stance.

they are pushing for congress to pass a bill that would contain antitrust exemption and superspeed, they have their argument for holding firm including fear that the rules change would create this untenable frenzy, schools might disguise improper benefits of education spending and nothing to stop university, with that. the smaller schools compete financially. college athletes are arguing current compensation is little room and board, violate antitrust laws, they make millions of dollars, at a young age in the process. without reaping the benefits. and it is ongoing.

>> what do the nfl great think? we have with us the author of the great new book, how to be a champion every day. the great champion himself joe theismann is reportedly a viewer of this program on a regular basis but he's with us this morning. welcome back, good to see you. in your opinion should college athletes, ncaa folks, should they get paid. >> it is slippery slope, and so many other footballs. are you going to pay the women, the men, division i, division ii, division iii. and compensating athletes in school, establish a trust, still a jersey of someone's which is

what they really want, and set up a trust funds, that money is theirs. start bidding and buying young kids, i think it is a mess. >> or something like that. we got to talk golf. >>, the american century -- i would love to see that, it is back to normal. >> it really is, great to have people doing something with us. aaron rogers will be there, patrick maholmes, charles barkley is an all-time favorite. if you want to bet on charles it

is 7500 to 1 that he's going to win it, something to think about. the other thing, american century is a tremendous company that sponsors this. 40% of profits go to research for different types of disease. it is a great charity event at a chance to compete. we are competition junkies, everybody out there, actors, athletes, women, retired veterans in the military playing, a lot of athletes, hall of fame is, mvps, cy young winners, great chance to be around incredible people, people try and play the game of golf like we see most sundays. stuart: you have one minute to think about aaron rogers and his feud with the packers. >> you dubbed it perfectly.

>> the young quarterback out of utah state. aaron wasn't happy, felt like the football team needed something else and didn't get it and becomes an mvp. what he said to the green bay packers, you traded up for the young man now he is yours, how about letting me go. aaron rogers is underpaid, underappreciated for what he's been able to do. and they are creating a synergy. and for packer fans, it created a mess of confusion but more athletes wanted more say on what organizations are doing when it comes to adding people. >> it was news. >> i'm 500 to 1. i am a bargain. stuart: i don't gamble. see you soon. >> trivia question.

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. . ♪. stuart: i don't know where we get these questions from. some of them are great. some are not. this one had me stumped. how much water does a watermelon contain? the answer? 92%. 6% is sugar. water sugar, got it. watermelon we're told healthy

snack. high water content keeps you hydrated. source of vitamin a and c. i'm a grapefruit guy myself. not much of a gain for the nasdaq. gamestop, they report earnings after the bell they are $307 a share. bitcoin, 36, thousand, it is rallying. neil, i'm out of time but it its yours, sir. neil: good to know that watermelon thing, cocktail party conversation info. i heard it on "varney." thank you, sir. we got got a lot, big social help. i appreciate that. the dow slipping a little bit right now. the story could be all the meme stocks. that group includes wendy's, a host of other players that seem to be bucking the short selling trend. they were for a while. we're getting behind that. the president also on the way to europe