the next year, 15% decline in there . does it for us. angela and mitch, thank you for being here and in terms of trademark mitch, i wrote quick trademark or industry specific, so you could have like-- well, a trademark on fungus fabric. "varney & co." starts right now. take it away, stu. stuart: yes, fungus fabric, why not. and good morning. good morning, everyone. well, you know that was quite a weekend. demonstrating again that america is far along the road to full recovery from the pandemic in a way to look at this, nationwide, new cases way way down. same story with deaths and he know what, because of that, the anxiety level is falling away. that's the way it seems to me and we are running with this recovery big

time. over the weekend, we saw close to 2 million airline passengers a day , bars, beaches, restaurants are back and all of this, in my opinion is good, great to be out there this weekend. so, due to the good times does it bring inflation? this week's federal reserve meeting is important, any hand that fed well put a brake on the good times will make wall street nervous. the markets today are set on crypto in particular bitcoin. elon musk is back with another market shifting headline. he now says tesla will accept bitcoin with 50% of bitcoin minors using clean energy that was enough to bring bitcoin close to $40000. as per the stock market, it remains right at around i should say all-time high with dow industrials a little

lower off about 40 points, virtually no change for the s&p which is at a new high and the nasdaq will go up a little maybe 20 points. at the g7 summit, leaders agreed to press china on the origins of covid. no word on what they will do if china continues its abject refusal to cooperate. wednesday is the big biden latimer curtain summit. there's no let up in the hacking attack with america reportedly originating in russia, what will our president do at that meeting and next question, who pays $28 million for the spaceflight for jeff asus. we are trying to find out who it was, $20 million for a brief flight of a 22 million. we will tell you about the quit rate, it's at a two decade hi, the number of people leaving their jobs, highest

number since 2000 and why not, wages are rising with a shortage of workers and maybe the pandemic offers a golden opportunity for change. editorial on that. now, this is something truly know when once, a new jersey school board removes all holiday names from the calendar and substitutes chris midstate, martin luther king day and all the others with just a day off, that's it, pc gone wild. monday, june 14, 2021, "varney & co." is about to begin. ♪♪ stuart: all right. i went to get straight to the travel rebound because it's something with the milestone hit this weekend, more than 2 million people passed

through tsa checkpoints friday and again on sunday, first time we have surpassed the 2 million mark since early march, 2020. sunday, 2,097,000 people through the tsa line set. stephen moore joins us now. that was one extraordinary weekend. we are coming back and people are traveling again. it was a great weekend. looks like the rocketship recovery has returned. do you see any problems on the horizon? >> stewards, i was one of the 2 million. i was in florida this weekend and airports were packed both in orlando and washington d.c. and it was families , you know people bringing their kids going to disney world and amusement parks are completely full. try to get a rental car. we tried to do that, i mean, rental cars, $200 a night for rental cars and used it to be $69. people are getting back. people are going to movie theaters again,

getting on cruises again, so all of those industries just slammed by the shut down our back big time. it's a tribute to the vaccine and the comeback is real and covid is over and so we don't need more stimulus in the economy because that was meant to help the economy and get picked up, but it's back and i'm worried about too much stimulus right now, not too little. stuart: you think it would damage that-- i mean, what way with 300-dollar a week stimulus payments, what way will that damage this rocketship recovery? >> you mean to suspend them or keep them in place? stuart: if they stay in place all the way through september. if they stay in place, what's the damage? >> 25 governors now have suspended the payments starting some have already done it for the rest of the month and through labor day. the big question is why haven't all the governors done that,

stuart. the big controversy in colorado or the state legislature and state congressional delegation is trying to get the governor there to suspend those payments. by the way, this is having a negative effect on the small business in the united states because those are the ones who cannot get the workers back, the small stores, grocery stores, the restaurants are having a really tough time getting the workers back, so there is no case to continue the benefits. i would love to see joe biden say we don't need them anymore, let's end them now. stuart: in the unlikely event he just says that we would be cheering, but i don't think he will say appeared on sorry, but i'm out of time and i have to get to the markets fast. stephen moore, everyone. let's take a look at futures. we have a mixed picture, down for the dow jones and s&p, slight gain for the nasdaq. susan li, good morning. susan: good morning. stuart: the fed meets this week, what are investors hoping to hear?

susan: we are looking for possible hints of earlier rate increases and that's thanks to slight inflation, but also good news higher gdp growth also when and how they will taper which could in the $100 billion posting bond purchases each month and this is all a change from march, when most fed officials expected to keep interest rates at close to zero through the year of 2023, but analysts say they could show rate increases starting earlier next year in 2022, but the majority of investments say they still think the first rake-- rate hike won't happen until 2023. what will happen would be a disappointing labor market and less jobs anticipated in don't you find it interesting the fed is blaming a wave of an retirement due to the pandemic, not higher benefits for the reason the labor market has underperformed, but as i mentioned the good news is gdp and a looked at

the fed will forecast a growth and that would be the fastest since the 1980s, early 1980s. you remember that time. stuart: i do indeed. all hangs on the fed i mean the market, all the financial markets are hanging on every word from the federal reserve. let's bring in jason katz, market guy this monday morning. jason, do you think the fed will even hint at its meeting now or in the near future, will they even hint they are going to slam on the brakes or tap the brakes >> i think the fed is going to give ample notice and it's not going to be this week. i guess it's going to be -- look, we just came off a very hot cpi number and they will let the market and all of the collective wisdom on the analysts and economists digest the number. it would be too reactionary this week to address last week's number. stuart: but, there is no way that the fed is going to keep on

printing money the way it is now, for the rest of this year, would you agree with that, no way they will do that. >> i think quite to the contrary. you are going to see taper enough until the latter part of this year early next year at best. i suspect 120 some odd billion dollars of bond purchases through the balance of this year. stuart: in which case you would think the stock market continues to go up because the fed is supplying all this money. is that the theory imac i think the stock market is going up and the bond yields are going down because price action is truth. it cuts through all the noise and all the opinions. investors vote with their feet and what investors are saying is that we are going to have peak inflation subsequent to this summer and what they are also saying is that you ain't seen nothing yet with respect to earnings growth. you thought last quarter was great come the next quarter after this

robust earning or reopening you mentioned at the beginning of your segment, that's just the beginning of this earning surge, so we are much more bullish on the economy than the market pick the market can easily power to 4400 by year end which is around three or 4%, but we are very constructive with the balance of this year. stuart: thought it. jason, thank you for joining us. our viewers can see on the left-hand side of the screen bitcoin just hit $40000, 40200 to be precise in this follows yet another tweet from elon musk so comeback susan. what did he say? susan: he is saying tesla could resume accepting bitcoin for cars in the future tweeting when there is confirmation of reasonable, which means less than 50% clean energy usage by minors with positive future trends he says in the tweet tesla will resume allowing bitcoin transactions. bitcoin prices rallying on the back of the news because a crypto mining close to 50% renewables

already at 39% according to cambridge center for alternative finance of this could happen in the future and you know this reinforces elon musk is a bitcoin believer despite the breakup calls and also accra strategy planning to have a billion-dollar crypto. you saw bitcoin prices up to 40000 and also ethereum, icp, they are all lifted this weekend and usually it's a volatile trading in crypto currency. stuart: yes, it is. they went up this weekend. i was watching. all eyes on president biden, shortly he will meet with turkish leader and on wednesday of course i'm the big meeting face-to-face with vladimir tuten. we have a report from nato coming up later this hour p or warehouse retailer special announcement coming this morning. they are going public and i will tell you that now. ceo who has been a friend of the show for 10 years and we watched

them grow, he will join us in a moment and that young man who is coming up shortly will be really rich really soon. quick checking futures, no clear price trend for stocks this morning to action in bitcoin which just hit $40000 again to we'll be back. ♪♪ uno, dos, tres, cuatro! [sfx]: typing [music starts] [sfx]: happy screaming

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ocean city, maryland, 68 degrees right there, right now. a look at futures with 40 minutes to go before the market opens with a mixed picture, slight losses for the dow jones and slight gain for the nasdaq. i want to bring in our next guest because he has been on the show and has been a guest for 10 years now and when he started his online business from his garage many years ago, he then appeared on this program and he's been a fixture ever since. that is chieh huang right there, the ceo of boxed, the founder and a great guest. chieh huang, the big announcement as you are going public. we have made that announcement and the "wall street journal" did also, so when can i buy shares in boxed? >> you know we are merging with acquisition company called seven notice acquisition company and that's publicly traded right now on the nasdaq. we are looking to close the transaction so when

the ticker turns to boxed it will be most likely q4 of this year, but i have always promised you that when we had the announcement we are coming to your show and i was-- wish i was there in person so we could banter back and forth, but i will do second best which is the original headquarters here in my garage in new jersey. stuart: i remember those days and back in those days you just sold nonperishable items in bulk what do you sell these days, everything under the sun that is not food >> so, we are slowly selling a limited assortment to make it easy for our friends and family and all of our customers out there. you have to remember our customers typically build a basket of eight, nine, 10 items and this is why it makes it different because when you ship a items, bulk items all the way across the country it's a different thing we are really embark even upon an quite different from the other folks out there. i also add to our customer base is

starting to ask for different assortments. what we seen during the pandemic is a lot of the rural audience that was probably the smaller portion of our demographic started to become a bigger part of our business over the last year or so. stuart: are you allowed to tell me what your revenues are these days compared to 10 years ago? >> yeah, absolutely. our first year in business we did about $40000 in sales and now it's about seven or so years ago. when you look at kind of the forecast we put out or that we project out forward, we will do over 200 plus million dollars in the coming years and so it's really been quite a ride since we first started. stuart: why did you go the spac route? >> for a few reasons. one, most out there don't know we have a sizable beef business that was heavily effected by covid so to

tell investors and tell all the folks out there about the story going forward, about how we see the reopening of america playing out with our business, that was really important. we have also begun to sell the technology that powers the overall boxed business and so to be able to tell that story via spac versus a traditional ipo was important to us and lastly the quantum of capital so seven oaks has almost $260 million in trust and we raised about $120 million to bolster that and so that quantum of capital, and a few in the coming years is really why we chose the spac versus traditional ipo. stuart: all right, 10 years from now if all goes well, what will you be doing? how big will you be? >> hopefully, i will be a guest contributor on your show. i have been waiting for that call, but i have not gotten it for about 10 years. when you project out forward, next year we project 40 plus% growth to get to 200 plus

million dollars-- billion dollars in revenue and by the end of the five forecast year we will be about a billion dollars in net sales. stuart: okay. chieh huang, you have done really well and we like to think we had something to do with that but i will take no credit whatsoever, just congratulations. remarkable business guy starting from nothing and look what you have now. chieh huang, don't be a stranger and we hope to see you again soon. >> i will see you as soon as. stuart: you will. big banks at least some of them are bringing their workers back to the office. they will be asking their employees to come back-- those two by the way start today bringing people back to the big towers in new york city j.p. morgan, they set their return to the office for next month, but they are coming back it's beginning to come back. we have got now the dow industrials with futures and we have got facebook down-- up to a tiny

fraction and we have susan with us. susan: yes, right here. stuart: okay. i'm sorry. we have got the big banks, some of them bringing workers back to the office and as i understand that facebook is doing the exact opposite. what are they doing? susan: mark zuckerberg is letting more of his staff have options to stay home and work from home instead according to company memos set out from him that anyone whose role can be done remotely can request remote work. mark zuckerberg said he will work remotely for half of the year of 2022 , six month he will stay at home because it makes them happier, more productive to spend time with his family pick facebook plans to reopen office of one 100% in october, but think about how it contracts with google and apple. both our reopening campuses in september, both google and apple asked their staff to work from the office three days a week, but facebook is going in the opposite direction with a highbred remote work or the office work

models that we will see next year. stuart: i would say it's easier for big tech companies to have people work from home because of the nature of the work. susan: correct. stuart: it's not like you are producing a steel mill. susan: also like in banking as you mentioned. stuart: exactly. client facing is a very big deal in banking as well now. here's a headline for you, forget going back to the office. people are just quitting instead, that was in the "wall street journal". i have a "my take" on that a little later in the show and i think people are quitting to take advantage of opportunity. the dow industrials will be down but the s&p and nasdaq will be slightly higher. we'll be back with the market after this. ♪♪

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elon musk suggested tesla would again accept crypto or bitcoin i should say when the miners use a 50% renewable energy. keith fitz-gerald with us this morning on the crypto's and bitcoin. do you think no one musk is really helping the client? >> i do. here's the thing, love him or hate him, he is arguably extremely socially savvy, social media savvy. i think his director said we have had enough of this nonsense, stop pleating about or at least be consistent and also he probably didn't like going from hero to zero in the crypto community because he said he would not take it so i think we are back on and it's good for bitcoin. stuart: how about the stock? as i recall you own tesla stock. are you going to hold it >> absolutely. we will keep it and buy more because if he's going to calm things down the game is not just about cars. it's about the electric

grid, battery storage, energy trade with a much bigger game afoot and i'm content to have them do what they're doing now if he will stay with bitcoin. stuart: do you have a price target on tesla? >> my original price target was a thousand dollars. i think that has backed off because of the fed. i think it would have been there if traders were concerned about inflation so i will be more conservative by the end of the ehrlich at 750, maybe back to $800,000 within two years. stuart: if you like tesla and you think it will go to a thousand dollars, do you like bitcoin at 40000 and will you by any or will you buy more? >> i'm buying more every single week. i am sloughing my purchases down because i don't like the headlines but it doesn't defeat the purpose of owning it, so crypto currency is here to stay. across the board we are buying bitcoin a little at a time every single week. stuart: did-- when did you start doing this? >> a couple months ago,

once the big institutions, blackrock, jason-- j.p. morgan, when they got serious as an alternative form of value is what got my attention and that's the go sign i have been waiting for. prices insensitive to me and the fact that wall street wants to use it as a counterparty hedge to me is the go sign because it means it's real. stuart: it's a revelation. keith fitz-gerald, thank you. here we go, 9:30 a.m. eastern time this monday morning june 14. we are off and running and right from the start you have a minor loss for the dow industrials. more than half of the dow 30 are in the red, i mean, they are down, a few i'm counting eight or nine that are actually on the upside along-- among the dow 30. not much price movement for the dow jones, down a fraction pure s&p 500, close on friday at a new record high and retreated a tiny fraction from the back, down .04%.

nasdaq composite, a small gain of .7%. novavax, their vaccine they say is 90.4% effective, clinical phase three trial also showed it to be one 100% effective in preventing moderate or severe disease, 93% effective against some variance, up 8% on novavax. stanley is the president and ceo of novavax and will join us in the 11:00 a.m. hour this morning. back to bitcoin, it hit $40000. there are more bullish calls on it. what do you have from us? susan: we just heard from billionaire paul jones, the commodity trader and he's calling bitcoin a store of value and putting 5% to bitcoin, 5% into gold and 5% into commodities and we are trying to figure out where he will put the

rest of his 80% but i think that depends on what the fed says later this week so you had elon musk is saying he might ask a bitcoin once again for tesla cars and there is this high bitcoin correlation trade that is up-to-date, so looked at the crypto minors. micro strategy is plowing about half a billion dollars into bitcoin again raising cash just last week, so it's interesting that the billionaires are still interested in bitcoin and you saw that with the trades over the weekend showing that more retail driven and institutional. stuart: i think bitcoin has to move about 40000 and it has and stay there because if it goes up a bit and then retreats all the way back to 30,000 dollar mark i think you have a stalled market. save me from the technicals, please. i think we have to look at lordstown motor as their decline continues,

there electric vehicle maker, and they are way down after their ceo and their cfo resigned last week we talked that they have a big cash problem and night not have enough money to continue building there electric vehicles. chipotle raise their prices offsetting higher wages and i think, susan, you have an analyst who sees the stock price surging 30% above $1400 where it is now? susan: like $1800 is what raymond james and it's calling it a strong binding like the fact aaa is raising many prices by at least 4% to offset higher wages. they say it doesn't change the strong value proposition. customers won't care about the small price hikes. stuart: i was always put off by stocks that just go over thousand dollars. it's not that you can't afford to buy them because i know you can buy a tiny piece but it

seems like if you have got $1300 already, how could you possibly go even higher. it is mentality, old-fashioned mentality. dow jones winners on your screen, salesforce the best winner among the dowels-- dow 30. disney is 177, caterpillar, boeing round out the list and top 500 s&p 500 winners again another energy stock. lots of energy stock in the top performers in the s&p 500. nasdaq, any big tech? no, we don't. adobe right at the top. susan, what's this? susan: we have a new favorite name stock, most talked about doc on stock to it and getting a lot of action on wallstreetbets.

i also want to throw meme stock play. glucose monitors, both of these stocks have relatively high short interest to average and from what i see it's about 10% whereas you know s&p 500 is below 10%, so again it might be a short squeeze play and then throwing amc, gamestop still in vogue this morning. still a lot of mentions pd want to talk about cheesecake factory? stuart: why not, they always give a huge portions. susan: well, looks like web bush likes the large portions. best ideas list according to them and cheesecake is worth about $70, a value reopening play that could seat 25% more upside for the years. stuart: wendy's, what do they have? susan: wendy's, another meme stock getting an upgrade looks like northcoast agrees with wallstreetbets reddit crowd saying it's worth a $30 and a

reopening play. going the opposite direction and i know it's interesting to go from wendy's and 2-dollar burgers to millions of dollars when it comes to cars but for larry getting a downgrade to sell from goldman sachs and they say it's only worth $270 because it's run up so much and there's a lot of competition with electric cars. stuart: you should go to any rich area of the united states with a parade of ferraris and the rest, whatever they are. susan: where in particular are the rich places in america? now i'm curious. tell me where. [laughter] stuart: naples, florida. i digress. susan: i have heard of that. stuart: i'm sure you have. me recover here by showing you the dow industrials down 72 points. look at the level, 34400 on this monday morning to 10 year treasury, look at that yield, 1.47%, way below 150.

the price of gold way below in $1900 an ounce, 1855 to be precise and oil is still around $70-- no, $71 a barrel and average price per gallon of regular gas is up to $3.8, 1 dollar higher from last year end yes, california coming in at $4.22 a gallon of regular. have you heard about this, a new jersey school board removing all holidays from the school calendar and instead they will call them just days off. they are trying to be more inclusive. will cain, my colleague from fox will join me shortly. what does he have to say? he's a dad. what does he had to say about this? [laughter]

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>> we also agreed to

take important steps to support global economic recovery by laying the foundation for an equitable global economy critically g7 leaders endorsed a global minimum tax of 815%, to any corporations engaged in what is essentially tax havens, deciding they would take considerably less-- i will move on this at home as well with minimum tax for corporations to pay for the profits they make anywhere in the world. stuart: he is laying it on thick with the president on the g7 leaders endorsing a global corporate minimum tax of 815%. pay at. connell mcshane is in brussels. do you think he will take any reporter questions? reporter: he's expected to this evening in brussels early afternoon your time at a news conference to wrap up the nato meeting and from our point of view the global minimum tax is one thing we would love to ask

the president about particular with regard to enforcement if it comes to fruition and so far today we have seen president biden spending the better part of his afternoon at the nato headquarters and we have seen him on camera couple of times. he stopped for a brief chat on his way and with the nato secretary and general secretary. commentary with biden actually said something to that effect and this is on camera but nato allies are looking forward to consulting with the president, the head of that-- i had in the meeting he will have in janita this wednesday with vladimir putin and mr. biden responded to that after this. >> over the last couple of years, we have new challenges and we have russia that is not acting in a way that is consistent with what we had up as well as china. >> russia and china has

been hanging over the summit and the president reiterated the message that he has been trying to drive home on his first overseas trip in office that america is back. he has been saying it over and over, america is back in an attempt to distinguish his administration from what we saw in the trump years and he even went so far as to throw compliments to the nato alliance, again trying to draw contrast between the new administration under the previous one. on the docket for the president today already a meeting has taken place with the baltic leaders, certainly key in terms of geography as this is positioned between europe and russia had at the big with vladimir putin engine event later in the week and a bilateral meeting which is the next time we expect to see the president coming up soon with the turkish president so we are watching for all of that and as i wrap up i will head from our location in downtown brussels out to nato headquarters to be in position for the news conference we mentioned at the top and we expect in the early

afternoon east coast time so we will see you for that a little while. stuart: i will looking for those questions and answers, of course. thank you. next case, offering an opinion, that pandemic created an opportunity for change changing jobs and a lot of people are doing that. why? the quit rate is surging and it's not slowing down. i have a "my take" on that coming up for you. you are about to say, here it is, the first enter an ft called quantum, just sold for $1.4 million. the artist behind it is kevin mccoy and he's on this program right after these commercial messages. he is next. ♪♪ oh! are you using liberty mutual's coverage customizer tool? so you only pay for what you need. sorry? limu, you're an animal!

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sure. i'm going to put something on your screen that is the very first nft called quantum, auctioned off for $1.47 million. the creator of this is kevin mccoy and he joins us now. there he is, no wonder he is smiling. kevin, you have to tell us how you created this thing because it looks to me like a screenshot. straighten me out, kevin >> yeah, yeah. well, it's a digital animation made entirely with code, software that i programmed and it's turned into this short animation made back in 2014 a long time ago, now. stuart: so, whoever bought this, that person exclusively, no one else can see it unless they prepare to show it on their screen; right? >> yeah, yeah. i mean, the way nft

works in the way block chain works is a little particular and takes getting used to because everything on block chain is public information and so the work is visible and can be on the public internet, but only the owner has the right to own it, traded and it has other certain rights attached to it. stuart: now, you created this tiered does it have value because it is the first nft or is it an artistic creation. i see these lovely colors, is there artistic creation involved? >> well, yeah, i think south or that's a good question and i think it's value is in two parts. it is certainly important because it's the first artwork to be put on the block chain, the earliest days of that form, but i come from the art world, not the tech world and have worked in the ins and outs of collection so i think there is artistic value as well. the collector of it does come from the crypto world so it's an

interesting crossover moment between collectors on the crypto side and the more traditional art world as we understand it. stuart: can anyone create nft if they understand the technology and they know what they are doing can anyone create one? i'm asking because could we create for an example a nft on the very first show of "varney & co." 11 or 12 years ago, could you do that? >> absolutely. no question. in fact, i have tools i have made to help you do that and we can talk about that but anyone can do it. it's about-- because you know in this day and age everyone can be a maker and everyone owns the things they make and everyone has rights around the things they make so it-- the nft technology is there to help create ownership records for those creations. anyone can do it. stuart: are you the talk also on 2021? >> that's what someone said so i won't argue with that. i will take that.

stuart: $1.47 million. do we know who the person was who bought it and what they are going to do with it? >> we do know who bought it and he is a crypto collector and goes by the online avatar silly to not. silly to know about it. he's the person that sold crypto palms earlier in the auction so he came out quite well and decided to take some of that money and put it back into my work which i appreciate. i don't know exactly what his plans are with it, but he's a big nft collector and a big advocate for the whole process. stuart: since it is so lucrative, are you now staying in the nft creative art area? >> i have a pretty highbred practice. it's always about technology in one form or another, but i have a new nft project that will come out shortly and i'm sure nft technology and the nft world will be a big part of my practice going forward, for sure.

stuart: kevin mccoy, you really are beginning to open my eyes to this with all kinds of possibilities. i am intrigued and so are our viewers. thank you and congratulations. >> thank you. thanks for having me. stuart: now this. the bidding is over for the seat next to jeff bezos on his blue origin rocket trip. susan, we know the third seat went for $28 million, but do we know who paid acree to know, yet. if you think about it, how many people can afford $28 million for a single flight? we have bidding opening at 4.8 million in quickly surpassing the 20 million mark in a few minutes. the auction i'm the lucky winner will be on board the new capsule july 20, along with jeff bezos and his brother launching from west texas, 11 and a half minutes to the edge of space, relatively safe according to the experts. of the flight takes

place in a few weeks after jeff bezos steps down as amazon's ceo. stuart: relatively safe. i caught that expression, relatively safe to fair enough. once we are on amazon-- there's jeff bezos, what is this about bert and ernie? susan: you know who bert and ernie are from sesame street. stuart: yes. susan: those are the names of any robot that amazon will be testing with the goal to try to reduce stressful movements for workers and amazon sharing details on four of their new warehouse robots. they are testing it to improve worker safety. amazon wanted to reduce accident rates by 50% and about four years time, so ernie will help remove items from a robotic shelf so employees don't have to and that helps safety. bert is amazon's first autonomous mobile robot to move heavier items across the entire fulfillment center. i thought that was cute and it's part of the

$300 million spend from amazon and safety projects this year. stuart: got it thank you. still ahead on this program right now, we have will cain, k.t. mcfarland, steve forbes the second hour of "varney & co." coming at you next. ♪♪ welcome to allstate. ♪ ♪ . . . . why not take your home along for the ride? allstate.

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traded with a touch. the gold standard, so to speak ;) ♪. stuart: all right, good morning, everyone. it is 10 eastern. straight to your money this monday morning. a few minutes ago there wasn't that much price movement we have the dow industrials moving down to the tune of 128 points but level still very strong. 34,300 is your level. very intrigued about this. 10-year treasury yield is moving up to 1.48%. moving up to that level. that is interesting. because that is still a very low level. big tech please, all of them up except for alphabet, microsoft. apple a standout reaching $129 per share.

the main story on the financial markets this morning is bitcoin, back above 40,000. to be precise it is 40,550. that is bitcoin and now this. this happened over the weekend. you may have missed it. we'll bring it to you this monday morning because you need to know just how far political correctness has taken us. the school board in randolph township, new jersey, voted to change columbus day to indigenous peoples day. outraged parents turned out in large numbers to protest. watch this. >> i would like to make a motion to change the calendar not reflect any name, holiday or ethnic group. >> does thanksgiving come off the holidays at that point. i assume it would be listed as a day off, out of session day. >> christmas? >> wipe them all off.

>> holiday one, school holiday two. it is crazy. >> ladies and gentlemen, again this is not a debate. stuart: no, it's not. to their consternation the school board decided to drop names of all holidays, martin luther king day, veterans day, memorial day, independence day, all simply days off, that's it, days off. like san francisco trying to drop washington or lincoln from school names. the past, tradition, bad. obliterate it. this nonsense will not stop. there will always be politicians and bureaucrats who think they gain some kind of an advantage by caving. we can't let them win. we must not allow the left or anyone to rewrite or obliterate our history. i think we're moving in the right direction. first step is ridicule. wasn't that your first reaction when you first heard about day off instead of independence day.

laugh at them. and then. take action, get involved, vote. all over the country, this pc extremism is being pushed by very small minority. if they can vote in this craziness, the vast majority of us can vote them out. don't get mad. get even. the second hour of "varney & company" is about to begin. ♪. stuart: we're pleased to introduce to you one more time will cain, my friend and colleague from fox news. all right, will, a school board member said the holidays can hurt feelings. what's your response to that? >> several different responses to that, stuart. first, i love in that clip that you played at the very end in a very condescending manner the school board member said, ladies and gentlemen, this is not a debate.

i'm continuously taken aback by the school board meetings, one little purchase of real estate, toehold of power some local official is given allows him to look down upon the fellow citizens, those who elect him, put him into office that arrogance always makes me a little bit surprised how easily it is acquired. your "my take," why this is happening and your response, my response is twofold. it won't stop because somebody is always offended by anything. one person or small group of people, they are empowered right now, they're flexing their muscles. this is fox business apply it to business. not the consumer who is wielding purchasing power. the offended within, without the corporation. inside the halls and out there in the marketplace who are flexing muscle making big brand names drop, you know, decades old businesses that have been adopted, that have been built, all of sudden are abandoned at the slightette offense this. is the more important thing. this is outside of business,

stuart, something deeper than simply being offend. there are people believe the united states of america carries original sin, it is bad, wipe it away. everything that came before you wipe it away. you said that before. wipe away the past. america, holidays, traditions, they must go. holiday number day 34 off. stuart: haven't we reached the point if we're now saying this is ridiculous, and i think that was the reaction of so many people when they saw this day off substitution for christmas day all the rest of it, first thing you do, you ridicule it. that is a good thing. because when you start to laugh at it, when you laughing at them, they getting so ridiculous, that is the start of the pushback that will be successful, what do you think? >> so i think you're right. i think that, it is, because that is a natural human reaction to laugh at this absurdity. then you go to the next step you stand up to your point. we're seeing that. we're seeing that at school board meetings across the

country, critical race theory. you see parents stand up. you like to think our children are a line you shall not cross. it will take a lot. this ideology woven its way into the fabric of our country in some places. it positived up almost like a surprise, but decades in the making, stuart. this has been fostered in the halls of the academia, since the 1960s. it is manifesting into this obvious, undeniable place. it will take parents standing up. take the balance box, consumer choice, it will take, real, real action after the ridicule. stuart: well let's get started, will cain, thank you very much for taking time out of your very busy day to be with us today. always appreciate it. will. i'm serious. >> always with you, man. stuart: good luck. monday morning everybody wants to know what is happening to your money. we're down for the dow industrials. down for the s&p. a fractional gain for the nasdaq. i call this so far a down day

after 36 minutes worth of business. dennis gartman with us, okay? dennis, i read this man's stuff. let me see, you're saying, you've been warning about the inflationary effects of fed policy for a very long time. what are you focusing on right now? because we got a fed meeting this week? >> i'm focusing upon the fact a lot of things, first of all "the wall street journal" wrote on the front page article last week about inflation. when something makes it to the front page of "the wall street journal," especially should make it to the front page of "newsweek," "time" or many other magazines you say at that point the fear of inflation, the fear that we'll have a robust increasing, and malevolent inflation subside ad bit. what is important to me the fact that grain praises prices across the board seemed to peak in early may. medical tall prices seemed to

peak in early may. the only thing that is still going up is crude oil prices. the fact that so many people on the boat of inflation, ridiculed plea a year ago when i was worried about inflation joined the argument. i'm concerned as i was because the boat has become so very crowded. gold got a little excited when it made over the $1900 an ounce. i'm chairman of the university of akron endowment. i got the committee to buy a little gold at end of february. would i add to gold here? not really. i think we need consolidation, a little bit of weakness following what happened in the grain markets. following what happened in the metals market. following what happened in the livestock markets. only thing continues to go from lower left and upper right is crude oil. that may continue. for right now the great fears of rabid inflation have been overextended. stuart: if that is the case, then the stock market should continue to rally, right? >> the trend has been from the

lower left to the upper right for a long period of time, hasn't it been? even when i get slightly bearish of stock prices the worse they do is go sideways. they seem to break out as upside. if inflation is not as serious problem i thought it was a year ago, i thought it was six months ago, i thought it would be three months ago, seems to have quieted somewhat. that seems to support share prices. 9 trend is from the lower left to the upper right. i still like things if i drop them on my foot it will hurt. i like simple things incumbent on long-term economic growth. i think economy is heating up and it will continue. the fed has no intention of tightening monetary policy anytime soon. they continue to keep the overnight fed funds rate at zero. talking about, talking about talking about tightening but a long time in the future before they begin to process of reducing supply reserves to the system. stuart: dennis, you're right, the market has a long way go

from the lower left to the upper right. >> every time you take the other side it's wrong. stuart: i've taken the other side. it has been wrong. that's the truth. >> it continues to go from the lower left to the upper right. write this down it will continue until it stops. stuart: [laughter]. that is called a truism other aphorism i believe. dennis, good stuff. thanks very much for joining us. appreciate it. i want to take a moment to welcome someone back to the show. she has been absent for sometime, but, there she is. lauren simonetti. i want to say welcome back. it is so great to see you,. >> thank you, like my first day of school today, stuart. new place. working in general. commuting. wow. stuart: yeah. >> so good to be here. stuart: your baby daughter is doing fine i hope. >> she is. first day without mommy. but i think everybody is a okay.

we called in a lot of reinforcements to help out. stuart: we have pictures to show everybody toward the end of the show. welcome back, lauren. you have movers, that is what you're up to at this hour. >> yeah. stuart: novavax is big mover. go. >> kind of funny to me the first stock i'm talking about on the first day back is a vaccine. novavax has a new vaccine late trial showed it as 90% effective. it could be the fourth approved shot here in the u.s. so why isn't this helping the overall market? it is because so many of us have been vaccinated this is already baked into stocks. two more health stocks i want to show you really quickly. this is one of them. make implantable glucose monitors. the stock is only up 5%. the it was up 14% earlier. ipo therapeutics, never heard of them. they're collaborating with a company we heard of

glaxosmithkline for a cancer treatment. look at that stock. ics is up 37% today. meme stocks. it's a new one. it is called orpazime. up big time, 85% last week. we don't know why it is moving up so much. corsair gaming up 15%. it is the top trending stock, what we call stock twists on social media. whole reddit trade going on. finally since we're doing the meme thing again, amc higher again today. i like looking at annual chart of this. 2230%. why? i like what dennis gartman said i like to invest my money in stocks that fall on my foot are painful to me. some of the list keeps growing. they just don't. stuart: i went to see a movie

first time back to a movie probably in two years. i went to see. "in the heights." enjoyed it. interesting show. probably will win a few oscars. wonderful to be back at the cinema. >> were you the only one? stuart: there was about 10 others in the theater cinema, that's it. i went. it was fun. i will go back again soon. >> i'm jealous. stuart: lauren, well, you're back, you don't look nervous at all, great stuff. see you in a couple of minutes. let me deal with this. i will put something on the screen, ask you, do these look appetizing to you. they're not olives no matter what they might look like. they are cicadas. a pizza place testing out a new recipe. we're not going to eat it but we'll take you there. plus a very good news from novavax you just heard. extremely effective against the virus, in a large-scale trial. the stock is still up but only just. we have the ceo who will break

down the results of those trials, stan irk, ceo of novavax. later. gregg jarrett is calling out anthony fauci. he says the top doctor should be criminally investigated. i'm a skeptic there. that sounds a little harsh to me but gregg jarrett is here. he will make his case after this ♪

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♪. stuart: take a look at the dow first of all. you're down 137 points. on the left-hand side of the

screen you can see there are only four dow stocks which are actually on the upside. all the rest are in the red. that accounts for this loss on the dow which is now put at 134, 135 points down. i got that right. okay. boeing, apple, exxon and one other, two others that are actually in the green. top left-hand side of the dow 30 board there. look at this headline, what a shocker, dr. anthony fauci should be criminally investigated. gregg jarrett wrote that and he joins me now. gregg, to me that sounds really harsh as if you're trying to put the good doctor in prison. on what grounds are you calling for a criminal prosecution? >> i'm not calling for a criminal prosecution. i'm calling for an investigation. an investigation is the gathering of facts and evidence and testimony and then deciding whether it merits prosecution

based on a violation of the law. so, here i'm arguing that fauci should be investigated, largely based on a couple of things. first of all, senator rand paul immediately after fauci testified before the u.s. senate last month said he lied. and you know, that's, lying to congress is serious. it is a violation, if you're under oath of what is called perjury. 18 usc 1621. even if you're not under oath, it is also a violation of an equivalent law, making a false or misleading statement to congress, 18 usc 1001. if you don't think people are prosecuted for stuff like that, just ask michael cohen and roger stone, two people who were close to president trump. so what i'm calling for is an investigation into whether fauci

lied when he denied that money from his agency at nih was used for dangerous, lethal gain of function research that may have triggered the pandemic. we don't know but he denied that that is what the money was being used for, and documents belie that. stuart: okay. who would inches instigate this investigation? >> it would be done about it department of justice. i'm skeptical that the attorney general merrick garland would do this. congress has the authority. four days ago members of the oversight committee sent this letter to fauci in essence, explain yourself. it appears as though you lied because the grant money that was in writing, that made its way to the wuhan lab in china

specifically states that the money is to be used for reverse genetics. what is that? fauci is on record, saying reverse genetics is gain of function. so when he testified that the money wasn't used for gain of function, was that a deliberate deception, a lie, perjury or false and misleading statement? i think there is enough here to justify opening an investigation. i'm not saying fauci should go to jail. i'm not saying yet that he should be prosecuted. i'm saying, stuart, that it should be looked into. senator rand paul thinks so. so do members of the oversight committee that sent this letter. stuart: all right. gregg, i'm sure we'll be following up on this. i'm sure congress will too. keep us up to date what is happening with a very important case. gregg jarrett, everyone. thanks very much. we'll see soon. i've been saying this for a while, we are back. the pandemic is really behind us. lauren simonetti, i used, there

is here name again, she's back, she is back. lauren: yes. stuart: how many people took a flight? lauren: you know what else is back, stuart, the summer vacation. 2.9 million people flu yesterday. if you look at the full weekend which includes friday, 5.9 million people. so the vaccines are saving our vacation but we're not quite back to the pre-pandemic, 2019 levels just yet. domestic travel is getting there but business travel is not. also the airlines, they are not profitable yet. they're cautious about bringing back too many flights. also jet fuel, those prices are up in a big way. but the good news for the airlines, not for you and me, stuart. the airlines, ticket prices, this is inflation. they have shot up 7% for may and 24% compared to may of 2020, stuart. stuart: yeah. i noticed that. that is called a spike in inflation. lauren: yeah. stuart: one more for you,

lauren, to dell great your return to the program we really love to see. prime of great britain, boris johnson he is expected to extend covid restrictions in britain that is. is this because of the delta variant? lauren: it is. great britain has seen a increase of in one week 240% of 240,000 cases of the delta variant. the british media is the reporting that the prime minister will delay relaxing all restrictions about a month. they were calling it for freedom day. they were scheduled for june 21st. that is likely pushed to july july 19th. if you look what is going on in the uk, 85% of citizens are partially vaccinated. moderna shots and pfizer are only 35% effective if you have got one job. they estimate to get nine million more people vaccinated.

then you get everyone fully vaccinated and more protected against the delta variant. stuart: glad you sorted that one out, i always thought the vaccines were effective against all the variants but evidently they're not wholly effective against all the variants. lauren: you need the two shots yes. stuart: you need the two shots, which i have and you do too. lauren: i do. stuart: i won't ask you. i won't do that. okay, lauren. from the wuhan lab theory to hunter biden's laptop a "new york post" op-ed breaks down what the media got wrong. michael goodwin wrote it and he is here just ahead. president biden set to meet russia's putin in two days. kt mcfarland says, biden must offer putin a choice. she will explain the choice after this. ♪

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ten-x does the same thing, but with buildings. sweet. oh no, he wasn't... oh, actually... that looks pretty good. see it. want it. ten-x it. yum! stuart: same split market. dow is down 140. nasdaq is up 24. not that much of a price tend observable at this point.

we have a fed meeting later on. check the markets again. dow down 142. right now president biden is meeting with world leaders at the nato summit. he is in brussels. but it is the president's comments about exchanging cyber criminals with russia that is making a few headlines over the weekend. peter doocy is in brussels right now and peter is with us. are they focusing on china or russia today, peter? reporter: both, stu. and what we heard from the president just since we got here, they want to talk about what nato always has done, defense and deterrents. they also want to look ahead to challenges the next 10 years posed by climate change and also cyber hacking. also at the last top in the uk, the president was asked about a possible cyber hacker watch between the u.s. and russia. so are you open to that kind of a trade with vladmir putin? >> yes, i'm open to, if there is crimes committed against russia, then in fact our, people

committing those crimes being harbored in the united states i am, i'm committed to, holding them accountable. and i'm, i heard that, i was told as i was flying here that he said that i think that's, that's potentially a good sign of progress. reporter: sounds pretty clear there, the president said he is open to a cyber hacker swap with russia. but couple hour hours later national security advisor said that is not the case. he did not say i would engage with cyber criminals. that is sullivan because u.s. holds hackers in the u.s. accountable. there was concern about chinese, hackers or spies, wi-fi networks, cell phone networks, some g7 meetings turned off before the leaders signed on to a communique asking china to is a they have not done that is join a investigation into the

covid-19 origins. >> i was not only one that raised this at the g7. it is that, we don't know, we haven't had access to the laboratories. reporter: this nato campus in brussels is completely locked down. the roads around here are closed because there are 30 member-states and that is 30 motorcades that need to get around. president biden has been here for a couple hours and we expect him to take reporter questions in about two hours before he heads back to his place to crash overnight, stu. stuart: before they went into that meeting about the origins of covid, maybe the wuhan lab, i'm told that all the leaders had to take their phones, leave them right outside. is that accurate? because they were worried about chinese listening in? reporter: yes. that is normal protocol for meetings at the white house situation room. when the white house officials that we heard from were asked about these specific measures to make it completely like a

radio-free, radio silence zone, they kicked it to the british becauser this the hosts, stu. stuart: kick it to the british. why not. peter doocy, you're all right. thank you for joining us peter, see you again real soon. look who is here. kt mcfarland. i want to talk about the russian angle for a second here. you say biden should offer putin a choice. what's the choice? >> well, here's the thing, you know if the united states continues to say, well, you know, we're going to have a strong statement about that, we'll issue this, putin doesn't pay any attention. he is a bully. he will keep pushing. i think biden should say here's your choice. you either stop the shenanigans, the hacking, the activities you're doing on ukraine and the black sea, you either stop that. if you don't stop that we'll come right back at you in an offensive capability. or, that you have this other option you stop those

shenanigans, you because at the end china is coming for you too. china's goal to dominate the world. it has a current bromance with putin, they want to scarf up all the russian natural resources and military technologies. once the chinese have gotten that, they will put russia in the same position everybody else. they want vasesl, they don't want allies and partners. you be with us in the west, we respect your law and position, or you go with china where all they want to do is make you a vassel. stuart: why no joint press conference between putin and president biden? >> i think that is actually a smart thing to do on the part of president biden because president biden is going to look, he will not look strong next to putin, number one. number two, he wants to insult putin. hard to insult somebody standing

right next to you. i think it makes sense not to have a joint press conference. look biden wants to say you've done all the terrible things, you're a killer, you're a bully. putin says oh, i just want better relations with the united states. it will not be a fair competition. better not to have biden next to putin. stuart: okay, now, over the weekend benjamin netanyahu out as prime minister of israel. hears been 12 years in power there. what does the new gentleman coming in naftali bennett who i'm told in is a right-winger. what does it mean for america's relations with israel and rest of the middle east? >> you know the election in israel was a wasn't kicking out netanyahu. it was it was so much about possibilities but personalities. think of bibi netanyahu he is is ral's donald trump. he is abrasive and rash but he has terrific policies. israelis says we don't want the

brash abrasive guy but take the other guy with the same policies but we will continue to have our main priorities have a good relationship with the united states and tell iran under no circumstances will we allow you to have nuclear weapons. to me the real important election is what happens in two years. the talented guy on israeli scene is the current foreign minister who will become prime minister in two years. stuart: so not that big of a change with our relationship with israel no matter what iran does on the sidelines? >> no. stuart: all right. good, short, sharp answer, kt. that works. don't get many of them in television news, you really don't. kt mcfarland, thanks for joining us. i'm sure we will see a lot of you in the very near future. thanks a lot. >> thanks, stu. stuart: we make a habit of changing the subject rapidly. i'm doing it now. how bp a slice with a crunch? we found a pizza place that is

testing out cicada pizza. we'll tell you where do so you can go or avoid it, whatever you want. >> plus if you're looking to hit the road this summer prepare to pay more at the pump. jeff flock will join us with all you need to know. ♪♪ ♪ ♪ (upbeat music) ♪ ♪ ♪ ♪

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♪. stuart: that is fresno, california. where in the great state of california, the average price of a gallon of regular is now $4.22. that's per gallon. that is the california price of gas. the price of oil this morning, we're paying it at 71.55.

that is the highest level in more than 2 1/2 years. no wonder gas prices are rising. our own jeff flock is at a gas station in michigan. jeff, gas prices are already high. we're starting the summer driving season. any idea how high gas prices might go? reporter: guaranteed higher than you want to spend but if you talk to the experts, for reference, before we look at today's numbers, take a look what it got to in july of 2008. that was the highest national average gas price, $4.11, the average gallon of regular. diesel was 4.84. currently we're at $3.07 the gallon. that is two cents more than last week. five cents more than last month and almost a dollar more than it was this time one year ago. i don't pretend to know how high it will go, folks at aaa. they have ideas about it. take a listen. >> we expect prices to fluctuate

a little bit more expensive in the coming weeks, especially throughout june. that goes back to crude oil. how much more expensive that will get, dependent what happens with the crude oil prices. reporter: all about crude what aaa says. i leave it with you, stuart. highest monthly average, from the energy information administration, $3.90 was may of 2011. a decade ago. the lowest, i know you love this number, february of 2016, we got down to 1.$76 a gallon. brings you back to your youth when gas was 10 cents a gallon. your youth was spent in england where it was already expensive, right? stuart: that is accurate. gases were high on gasoline or petrol as they call it in britain. i remember days of gas wars, early 1970s in america. 25 cents a gallon at one place,

23 cents at another. a long time ago. reporter: my dad would send me down to sit in line, what a good time, gas lines. stuart: that is late 1970s, when it was 25 cents a gallon. i remember the good ol' days. yes, you're all right. lauren simonetti is back with us. she joins us again right now. she has the movers and shakers on the stock market. starting with lordstown motors, down 20%. what is the problem? lauren: you and jeff were making me feel young as you talk about the 1970s. the reason for the decline of lordstown motors, ceo, cfo is out. they're looking for people with more experience leading public companies. they're losing money. down%. apple one of the few stocks down today, apple stores won't require customers vaccinated to wear masks, that would be starting tomorrow. finally chipotle, they got an upgrade at raymond james.

1800-dollar price target, up 400 from here. the reason is, this analyst thinks customers with the higher menu prices are going to be paying for the higher pay and all the precautions for covid that the company has taken. so customers will pay for it. they likely will because they make a good burrito. stuart: look at that, chipotle just crossed 1400 bucks per share. then we've got ferrari, branching out into a new industry? really? i always think of them as sportscaster. what is the new industry, lauren? lauren: and elite, right? the new industry is fashion. they held the first-ever fashion show this weekend. 52 different looks. you're looking at them right now. this is all about diversification beyond cars. they want to bring in more women, more young people. my opinion the clothes are kind of boring but sleek and strong. not all good news. goldman sachs cutting ferrari's stock by two notches. they got a double downgrade to

sell from buy. reason increased capital spending, a limited scope for positive earnings revisions. what is on the horizon for the company? you know besides clothes? they have an suv. it will hit the market this year. an electric vehicle, we have to wait four more years for that. stuart: i can wait. i can wait. my problem with ferraris, apart from the price is, i've told everybody else this before you came back today, once you get in, it is very hard for older people to get out because they are so low to the ground. i mean you can really hurt your back getting out of a ferrari. lauren: yeah. it is hard to get up on a big truck. for a lot of people, even people with hip problems like myself, it easiest to get in a regular car. perfect -- stuart: you're a yoga teacher. you have a hip problem any don't want to know. i know you're a yoga teacher. okay. all right. i'm glad you're back though. great to see you again. lauren: hip problems and all.

stuart: hip problems and all. this one might make you lose your appetite. there is a restaurant testing out a new pizza topping, cicadas. all rights lauren, this is for you. where is this happening and why? lauren: it is in dayton. stuart: ohio. lauren: i hear cicada tastes like a. those are blanched sauteed cicadas on them. the wings from the bug on the crust. it is called the spicy thai cicada pavement you can't order it. they're testing it. it is publicity maybe. still legal to sell that? stuart: no, it isn't illegal but good publicity for some people. listen to this one, lauren. you might say this is a whale of a tale. a guy on cape cod said he was

swallowed and spit out by a giant hum be back whale. sounds fishy, some think it is. we'll bring you the full story and you decide. covid strain on the rise all across america. doc siegel is here with what you need to snow about the delta variant. doc siegel joins us after this. ♪. we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it with hassle-free claims, he got paid before his neighbor even got started. because doing right by our members, that's what's right. usaa. what you're made of,

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♪ stuart: check the market. of the dow industrials down 167 points. another outstanding feature of the financial markets today bitcoin, recovering, holding back above $40,000 a coin. 40,800 to be precise. the vaccine makers this morning, all of them moving lower and particularly keen on pfizer. where is it there? it is still at $39. never made it to 40 and above. never held above that level despite all their success with vaccines. and there is this, covid cases and deaths are dropping in the united states. that is because the vaccines obviously. fewer than 5000 new cases

reported yesterday. 101 covid deaths. let's bring in dr. mark seeing gelling. all of this is great news, doctor, there is as you know obvious concern about the delta variant. are vaccines effective against delta? >> yes, they are, stuart. actually two shots of the mrna vaccines, the pfizer, biontech, or moderna brings up response rate to the delta variants, the one where we're so concerned about right now to close to 90%. even more importantly in india, they just studied it, if you had both shots of the vaccine, of those vaccines, even if you got covid you got a very mild case. so that is your best protection against it. now there is about 10% of the cases in the united states right now are delta variant. as you just mentioned numbers are plummeting. vaccination has a lot to do with it. the way to keep it that way to continue for people to take the vaccines, the pfizer and moderna.

definitely give very strong protection against this variant. stuart: good, now, i'm sure you saw this over the weekend, doctor. a judge in texas threw out a lawsuit filed by hospital workers who refused the hospital's requirement to get the jab. i'm curious, where do you stand on this? >> well, i'm not, i'm not for mandating anything. i'm not for mandating vaccines, especially new vaccines like this, although, you have heard me say it a million times on the program. i'm an enormous fan of this vaccine. i just told you that but there is other ways they could go about this. frequent testing. could put the person in a place, who brought the lawsuit in a place where they're not having direct patient contact. i'm not for the idea of putting patients at risk, believe me. if there is a lot of covid around but how much covid is there in the area? other strategies can be used. but frank termination is really, really problematic, especially since mandatory vaccination is not occurring across the board here and the person who brought

the lawsuit saying why am i being singled out? so there is no consistent policy on this. i would be on the side of the person who brought the lawsuit. i'm a little bit disappointed it was dismissed. stuart: got it, doctor, thanks for joining us. appreciate it always. i know we'll see you again real soon. before we go to the break i want to bring lauren simonetti back in again because she is back on the show as of today. back with us. i want an update on baby cecelia and the simonetti family. >> i don't want to jinx it, i don't want to jinx it. she is growing up in a zoo with her older brother and sister but she is good. we had a great couple months together. you can't get a picture of three kids smiling, we tried. we couldn't do it. i learned two things on my time off. number one, it kind of changed my perspective a little bit. i don't have to go back. i get to go back to work. and instead of saying things like my kids are killing me, i

don't know if the universe understands sarcasm, stuart, they're going through a hard time right now, if you will. the other thing i learned finally, nobody wants to babysit for three children. if i had a babysitter only for two. i always had one child with me. i can't unload all three of them. how come? stuart: lauren, you are a saint. we welcome you back to this show. wholeheartedly. good to see you. beautiful family. here on out. >> here on out. stuart: thanks very much, lauren. see you shortly. we do have another big hour coming up for you. steve forbes, matt schlapp, the ceo of novavax will be with us. a whole lot more, too. millions of people are saying i quit. i say that is a good thing. i will explain that in "my take" which is next. ♪

...

core necessary,

>> i think the fed is going to give ample notice, and it's not going to be this week. so look, we're much more bullish on the economy than the market. >> right now, i think the great fears of a inflation have probably been ex overemployee tended. >> all of those inses slammed by the shutdown are back by big time and it is a tribute to the vaccine, and of the comeback is real, and covid is over. >> we're merging with

acquisition company called seven oaks acquisition company but i've always promised you, stu, that when we have the announcement we're coming to your show. >> in this day and age everybody can be a maker so the key technologies are there. >> ♪ ♪ stuart: 11:00 eastern time, new york city, monday, june 14, and by the way, this is flag day. there you go, we've got one up for you, the american flag. check those markets, the outstanding feature again, dow down 150 odd points, 34, 300 right there, nasdaq is up a little bit, 34 points higher look at this , the 10 year treasury yield yes it is moving higher today but it's still well below 150, it's 148 to be precise. good morning to you, ashley webster. what have you got on the new york survey, just released, what does it tell us about the economy? ashley: good morning. well, survey says, wasn't that

from a game show anyway, good morning, stu. the survey shows consumers expect increases in multiple categories, including inflation, home prices, rent prices, earnings, income, and spending. the median one year ahead inflation expectation increased to 4% that is the seventh consecutive monthly increase and by the way, a new series high. labor market expectations also improving, with unemployment and the probability of losing a job, both reaching survey lows while the probability of finding a job increased sharply. i mean, there are over 8 million open right now. the mean perceived probability of losing a job in the next 12 months also decreased to a series low in may, dropping to 12.6% from 15% in april, overall , expectations up in every sense of the word. stu? stuart: got it, no real impact on the market. still down 130 on the dow,

nasdaq is down 30, ashley webster, thank you very much indeed. and now this. the pandemic created an opportunity to change jobs, and we are taking that opportunity, with a rapidly- expanding economy, a chronic labor shortage and ris ing wages it's very easy to jump ship and after all, this is the land of opportunity. no surprise then, that more people are changing jobs now than at anytime since the year 2000. it's called the quit rate, and we are quitting in droves. why? well, a lot of people really didn't like their old job, or they didn't like commuting to their old office, or their old boss. maybe they didn't care for high taxes, or moved out of state, and as we rapidly come out of the pandemic, there are all kinds of opportunity to get away from what you were doing in 2019. workers, in fact, now, have

leverage. i think the quit rate is likely to stay very high, as workers return to the office, some may find they don't like it any longer, and as long as the economy is expanding with rising wages and millions of job openings, we will be seeing a lot of what i'm going to call opportunity quitting. good. there is nothing wrong with grabbing any and all opportunity to climb the ladder, who would have thought that a dreadful pandemic would eventually present so much opportunity for financial and, yes, personal gain. the third hour of "varney" & company just getting started. steve forbes joins us this monday morning. steve? i say the quit rate will remain high. what say you? >> well, i hope you don't jump ship, stuart. that be a great loss to all of

us, but in terms of the economy itself, yes, and we'll have to see what happens when those bonus unemployment checks are stopped in september, 25 states as you know have already done it, but we should not forget that before the pandemic, the unemployment rate was at a record low in this country, 3.5% , so this labor shortage was already evident before the covid-19 and if washington doesn't put a lot of stupid barriers like taxes and regulations, and the fed stoking up inflation we're going to see really good times ahead for everyone. stuart: it really is an opportunity though, isn't it? i mean, who would have thought that the pandemic would create an opportunity for so many changes that we want to make in our own lives. i see this as a pretty good thing for our society. what say you? >> well, that kind of flexibility and opportunity is really part in parcel to the american dream and what the pandemic did was really hasten trends that are already evident. the rise of the gig economy,

millions and millions of people wanting to have more flexibility in how they work and the kind of jobs they take, and this was hastened under dreadful circumstances, but it was hasten ing a trend that was already there, and so again, if the government doesn't mess things up, people are going to have more opportunity, more control over their lives, and that's what free markets and free people are all about. more opportunity, more and more pay, more chances, lincoln put it to improve your lot in life. stuart: your lot in life, it's a long time since i heard that expression but i like it, it's a good one. now, wherever i go, i do see rising prices, whether it's gasoline, whether it's grocery store prices, whether it's used car, whatever, prices are rising that is inflation. the federal reserve says that's just transitory. what say you? >> transitory, when the fed said something like that, watch out, and already, people are starting to do buying & compan

ies are starting to do it wondering if they have to pay more or have shortages down the road, so those kind of price pressures are going to remain but the big thing to watch out for , stuart, is the federal reserve going to go in a money printing bridge as the government gets these spending bills through if they get them through, if the fed starts printing money and banks start making loans they are brim ming with reserves and they want to make loans, you see those numbers start to spike up in the next few months watch out for the gold price and watch out for the kind of inflation we haven't seen since the 1970s we ended up with a stagnant economy and higher prices and higher interest rates which will be devastating for the housing market because even though house prices are going up, because of low interest rates, people aren't paying much more than they did before the prices went up, because the cost of the mortgage stayed stable because of lower interest rates. stuart: but if they make a mistake, if the fed makes a mistake, keeps the money flowing for just too long, the price we

will pay will be very considerable, won't it? i mean, you could get the kind of inflationary cycle you got at the end of the 1970s. >> well that's right and that's the real fear and that way, we get the worst of all world's, higher prices, higher interest rates, and a weaker economy, more stagnant economy, and that's what we have to watch out for , but again, all of this is government-made. if you just take a vacation, washington, and let the states open up, make them open up, open up the schools, by golly, we would have some very nice times ahead and the problems we faced be good problems, like finding people, like doing more investment and trying to find the materials. those are good things when the government stands out of the way, but the government headwinds and you saw it in the group of seven, seven richest democracies, you know met this weekend, and what did they call for? global minimum tax, which is politician speak for higher taxes on large companies and ultimately what they don't tell

you is they want to have global minimum taxes on individuals, especially the middle class. that's coming a few years down the road if these people, trying to be restrained here, these people get their way as we saw in europe and london this weekend. stuart: hold yourself back there , steve, hold back, hold back, just a little okay. steve forbes always good stuff. >> [laughter] stuart: thank you very much for joining us, steve. >> thank you. stuart: next, president biden's, the president is moments away from speaking with turkey's urde wan, meeting with russia's putin on wednesday and remember the big push on his agenda is climate change? i want to bring in matt schlapp who joins us now. matt, we've had a few days where conservatives in america could look at the european trip and pass judgment on it. you're a conservative. what's your judgment on the president's trip to europe so far? >> yeah, i think it's awfully

sat, stuart, even on the issues of foreign policy and what's in the interest of american people we don't have consensus in this country. what joe biden has done over in europe is essentially write a bunch of checks for every left wing cause, every globalist cause imaginable and if you're vladimir putin, you got your pipeline, and if you're the communist party in china, you're not hearing much aggressive talk from these allies. stuart: so your judgment on the trip so far is negative. what about the meeting with putin? what do you think negative again , okay. >> yeah. stuart: can we win in anyway against russia and/or china? >> yeah, my hope, stuart, be that we would find the bipartisan consensus. there are a lot of voices on the left that realize what it meant if the communist chinese government is. we've got to get back to saying they're really the force and focus of evil diplomatically around the globe. not russia, russia is a problem.

we shouldn't give them this pipeline. joe biden should stand up to putin for sure, but it's china that needs to be the focus and we don't have anymore money in this country to write all of the checks stuart. we've already spent 6 trillion. i guess there's no bottom for what joe biden wants to write a check for. stuart: it seems like we're in the era of really serious confrontation now, with china and maybe also with russia. is that a step forward, or are we, or what? >> well, you know, ronald regan used to say peace through strength, so yes, we're all worried that this cold war with china could turn into a hot war, but we're not going to avoid the hot war by giving in on everything and with carefully polite words. we're going to win against china if we use the reagan playbook, which is to take them on rhetorically and to take them on militarily to avoid the hot war, to avoid actually going into combat with them, which is something none of us want but weakness is never rewarded.

stuart: and you think biden is a weak president? >> well, all i'm saying is that what it seems like is we've moved away from america first with a focus on china. we're back to globalism and writing the checks, for what our allies want us to do and what i'd rather we do with our foreign policy is focus on the true threats to the american people. the chinese threat is both an economic threat and it's a military threat. ask anybody who lives in that neighborhood. ask people who are living in taiwan or the people who have been arrested in hong kong. this is a very dangerous situation, and if we get through with these international conventions and the focus isn't on china, china wins. stuart: got it. matt schlapp thanks for joining us, see you again real soon, thank you very much. >> thank you, stuart. stuart: by the way we've got novavax says its vaccine is more than 90% effective in clinical trials. how soon could it be at your

pharmacy? the ceo of novavax coming up, next, on this program, very important. someone just bought a $28 million ticket to fly to space with jeff bezos. we don't know who it is, but we're trying to find out and we'll tell you more about that remarkable story. plus, remember this headline, during the black lives matter protest last year, protesters cleared by tear gas and rubber bullets for trump photo op. turns out that was not what happened. michael goodwin is laying out his top 10 media lies, next. >> ♪ ♪

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>> ♪ stuart: it's exactly "hot town" right now, in new york it's 67 degrees, and cloudy as we pie r through the mist at the statue of liberty. here is a headline for you, from the new york post. it reads "my top 10 media lies." michael goodwin wrote the article, and he is here now. i've got the list, and i'm going to show it to our audience, but i see that the top of the list is the number one russia collusion. did that get the whole thing started, michael? >> good morning, stuart. it did. i think it's a pattern that we're now witnessing, that, you know, it was a given among the media that donald trump was a russian agent, that he had

colluded and that dominated 2.5 years of his administration, a lot of people had to hire lawyer s at great expense, all for and the country spent $40 million on special counsel robert mueller and the headlines were rampant, you expected the president to be kicked out of office any day and yet, poof, nothing. it went away, and then only to be replaced by new allegations, new insinuations, and i think that pattern demonstrated where we are today that the media is now no longer responsible for what it writes and talks about. it's largely fact-free in the sense that it can be totally wrong, and there are no consequences, so we move from one to another, and the two issues that spurred me finally to write this column was the way that the wuhan lab leak idea had been dismissed as a conspiracy

theory, now it's very much back in play and then finally, last week you had the interior department report the inspector general report saying this idea that the lafayette park was cleared of protesters a year ago in june of 2020, just so president trump could take a photo op, simply wasn't true. that there was a plan to clear the park for a contractor to establish a fence and if the police didn't even know about the president until shortly before he started to walk through the park, so but you don't see corrections, you don't see retractions, you don't see oops from the media. they just move on to the next thing and i think that it's no longer bias or prejudice. to me it is now a form of corruption. it's willful. they don't really care if it's wrong, just so they can get it out there and they have their anti-trump attitude. stuart: it seems like it's deliberate, and i think it comes

from genuine hatred of donald trump. i think that's what started this ball rolling here. hatred of donald trump, and they cannot move off it no matter what they cannot move off that, right? >> right. well that was the beginning. the anti-trump media and the 2016 campaign, russia russia russia, but even the protection of the hunter biden laptop information, where that was censored, where the new york times still not will not report that tony bobolinski told the fbi that joe biden was a secret parter into in the venture, that joe biden's family was getting lots of money from china, even while he was vice president. all of this is out there but you don't know this because of the new york times or the washington post or cnn, and so the idea that somehow it's anti-trump i think is how it began, but i think it's now moved beyond that. now, it's where every reporter is an opinion maker and every

reporter is free to give their view of things, and so what you get is this scatter shot approach, where something like china, something like the hunter biden stuff, all of it fits a pattern of the media being wrong , because they are not really pursuing facts, they are pursuing agendas, and i think that is the most dangerous development we've seen in this country in a long time. if the media cannot be trusted on basic issues, then where do you get your information, and how do we form our opinions as consumers of news? i mean, i think obviously, a lot of people have just tuned out. they no longer watch television, read newspapers, go online, except to the people they trust and that's not healthy for our country. stuart: absolutely 100% agree with that, michael, look thanks for joining us, michael goodwin. we will see you again real soon, good stuff. back to the markets, please. a lot of red ink i'm seeing in

fact the dow industrials now down 200 points or just about remember there's a fed meeting and everybody wants to know what's the fed going to do about rising inflation. dow is off 198. lordstown not res, the ceo and the cfo both have resigned this follows lordstown's announcement they might not have enough money to stay in business their market cap is 1.5 million down, billion i should say, down from 5.5 billion. that's quite a drop. listen to this. general election trick partnering with the french company safron, to develop a whole new jet engine that is a very big deal, folks that would reduce fuel consumption and cut emissions bias much as 20%. the general electric though, not much of a response there, the stock though is still at $13 a share. ashley, come back in again and give us the story on bitcoin, and what elon musk is up to now. ashley: yeah, whatever he says has an impact, musk tweeted

yesterday that the electric car company would start accepting the cryptocurrency again, once at least half of it can be mined using clean energy, and there is his tweet. musk didn't exactly explain how he expected clean energy usage be monitored, minor detail, but it is the latest chapter in tesla's relationship with bitcoin. the company, as you can see , it's up today, the company began accepting it in late march, but by two months later, musk said tesla was suspending plans to accept the cryptocurrency as payment saying that bitcoin's high environmental cost is not good enough. all of this has added even more volatility to the price of bitcoin, in january it was around 29, 400 and in april it jumped to 64, 899 and now it's jumping back up up over 9% at just over $40,000 you need to pepto bismol to keep

up with it stu. stuart: [laughter] right you've got a story about the average age of cars on the road. i know its hit an all-time high what is it about 12 years old or older is it? ashley: very good, yes. the average age, right around 12.1 years old. that's up from 11.9 last year. this according to research firm ihs market that says the first time, it's the first time the average age of a used car on the road today in the united states has topped 12 years. the biggest reason, of course is that vehicles have become so much more durable. you may remember, way back in the old days, 100,000 miles was a big milestone, but, now, 200 or even 300,000 miles is a lot more common. not only is the average age of used cars going up, but so is the price. we've talked about this. last month, the average cost of a used car came in at just over $20,000, and that up nearly 47% from just a year earlier.

stu? stuart: i think cars these days are much better made. they can go two or even 300,00. ashley: [laughter] stuart: change the oil every 3,000 miles i was always told if you do that that car will run forever and it probably does. ashley: me too. stuart: how about this , archer aviation unveiling their electric air taxi. greg smith was there he's invest ed in it. he thinks the air taxi could be a catalyst for real estate development. that's fascinating. greg smith, after this. >> ♪

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stuart: we now have a 200 point drop for the dow jones industrial average back to 34, 200 here are the major losers amongst the dow 30 headed by walgreens down 2%, jpmorgan is down 1.7%, caterpillar is down, goldman is down taking a big chunk out of the dow which is up 214 as we speak. how about amc?

i went to see a movie yesterday. wasn't exactly a packed theatre, but it's not much of an indication as to the state of the cinema business but amc is a meme stock. and it's up 16% this morning, $ 57 per share. blue origin, that's the space company owned by amazon chief jeff bezos, auctioned off a ticket to space for $28 million. that anonymous person will fly to space with bezos sitting next to him, the entire flight will be 11 minutes that means the person who won the auction is paying $2.5 million per- minute for their space ride. and then we have sir richard branson space company, that could, virgin it's called, it could be going public, details please, ashley? ashley: yeah, virgin orbit reports it's going to be in talks to go public through a spac called nexgen 2 that's a spac with a valuation around

$3 billion and sky news says a deal is expected to be announced in the coming weeks virgin orbit a satellite launching spin-off of branson's space tourism venture virgin galactic and it uses a modified boeing 747 aircraft to launch its rockets very different than the traditional ground launches that we are familiar with and by the way, branson took virgin galactic public just the same way through a spac deal back in 2019, stu? stuart: by the way, sir richard branson owes me a ticket on his space flight because we had a bet 12 or 15 years ago. i said that if all the ice has gone from the north pole, then you're right and i'm wrong, and i'll pay you whatever money you want but the ice is not melted on the north pole, so he said he would give me a free ticket to space. i haven't got it yet. ashley: got to do it. stuart: yes. i'll get a hold of him.

on a similar line, sort of, arch er aviation unveiled a new line of electric flying taxis, greg smith was there. he is an investor in it. greg, good morning to you. >> good morning. stuart: why do you say that this air electric taxi, this electric air taxi, why do you think it's good for real estate development? >> well, good morning, stuart. first i'm so disappointed we didn't win our bid in china with a seat on the ship with jeff bezos and his brother going to space in july, but there's so many exciting things going on in the skies today. stuart: did you put in a bid, greg? >> i did not put in a bid. i'll maybe wait until next year until maybe it gets a little cheaper, but there's so many exciting things happening in the skies and if you look at archer and their flying taxi there's multiple companies in this space. i think it's not going to be a winner-take-all environment, but you know, it's coming, and hopefully as early as 2024 we're going to see these things start to take to the sky. it looks like in los angeles and

miami are the early cities that have already announced deals to launch these, so think about it. these things are going to need to have a place to land, so i believe that there's going to be a move to reposition real estate , whether it's old parking structures or other perhaps real estate in these cities where these things are going to need to land, and take off, so it's not going to do well for this country what the railroads and the interstate highway system systems did but i think there's going to be a big real estate development for these things coming. stuart: okay, so it's a short flight, short duration flights. it's vertical takeoff, it's electric, and the pricing, i remember you telling us before, it's like a glorified uber ride, is that accurate? >> yeah, that's right. i think when these are at scale this will be as cheap as a uber ride. they are far safer certainly than helicopters and probably being in auto, they are quieter

and the archer is maker they talk about this being as loud as a refrigerator and certainly greener for the environment because they are electric but i think as exciting as these are, we have to think about how are these going to change our lives? how are we going to act in our daily lives? imagine if you could walk out of your studio there on sixth avenue and get to let's say the iconic peter weger steakhous e in brooklyn in williams bagger in five minutes and not fight on the m train would you do it? what are you going to do different in your lives in these things start to evolve and we're able to get around much quicker and more efficiently than we can in the car. stuart: oh, i agree with you very interesting questions raised but you've got to be talking at least 15 years away before i can jump into an air taxi and just take off just like that. that's a long long way away. >> it's coming, look, they think these things will be flying as early as 2024, so, is it 15 years, 10 years or five years, but i know it's coming

here soon, and it's going to probably begin with common flights maybe getting people to and from the airport, and then eventually, it's going to evolve , you know, the data is there. we can look at the most populated routes on highway, we could begin to eliminate congestion on the highways by operating these and taking people to the sky as opposed to in their cars, so it's coming. i don't know when, but we're going to see this in our lives, and it's very exciting and it's really to change the way we live stuart: greg, real fast. i know that you're bullish on peloton. do you own it? it's now at $112 a share. where is it going? >> i do own peloton. i've owned it for a long time. i believe that peloton should trade over 200 a share. i think they were punished by their recall of their treadmill and which i think was really a non-event and i think it's the ultimate connected fitness company and i think just ultimately here coming into the summer i've been talking

about a big rotation out of value stocks back in the growth we're witnessing it the fang stocks are coming on we're see ing interest rates under control and seeing financials begin to sell-off but i think we're getting back to risk-on and growth stocks like peloton are going to benefit it off a high of about 170 and i think we're going to see good things ahead. great product, big demand for it , and it's going to trade higher. stuart: greg smith thanks for being here. we'll check out peloton and arch er aviation, too. thanks, gregg. we'll see you again soon. >> thank you. stuart: i saw this over the weekend. a fisherman claims he was swallowed by a whale. watch this. >> everything went blacknd i was like oh, my god, what the heck, where am i? i'd just gotten eaten by a whale stuart: some experts are not buying it. we do have the full story. novavax says its vaccine is 90% effective. the ceo, stanley erck joins me

next. >> ♪ hit me with your best shot ♪

>> ♪ ♪ stuart: 77 degrees in jacksonville airport in florida and things are, indeed, getting better. i'll tell you that, because more than 2 million people passed through tsa checkpoints on friday, and again on sunday. that's the biggest number since march of last year. earlier, stephen moore, e condition omits, said this recovery is all thanks to the vaccine, roll tape. >> all of those industries that were just slammed by the shutdown are back, big time. it is a tribute to the vaccine,

and the comeback is real, and covid is over. stuart: yeah, and the vaccine did it. novavax reporting the efficacy, the efficiency of its vaccine is over 90%. that's at preventing covid. the stock though is down 3%, down $6, 2.03. the ceo of novavax is stanley er ck, i'm sorry i get the pronunciation rate? >> it's erck, you got it. stuart: i'm glad i got it right in the end thanks for being here , we do appreciate it. >> you bet. stuart: how effective is your vaccine against this new delta variant? >> so, it's a great question. the trial that we did was in such timing that virtually all of the infections were from variants, 82% of everything of all of the people that got sick were from variants.

most of it was from the alpha variant but we did have some delta and beta, gamma, but they were such small numbers in this trial that you couldn't get a statistically significant answer on those , but so but the vaccine works. as i said, in 93% if you look at just the variants, the vaccine was 93% effective. that's just terrific, i think. stuart: that's exactly what some other countries in the world want more than anything else, a vaccine that really works against the variants, i'm thinking britain and i'm thinking of india, i'm thinking of brazil. is this vaccine of yours, when it gets full approval, are you georgiansing to be distributing it to other countries rather than america? >> yeah, maybe that rather than , but i do think in the beginning we're going to be focused on ex-u.s.. we have manufacturing sites globally. we have agreements, advanced

purchase agreements globally with canada and australia and several other countries, and we have this large commitment that we've made with covax, which is this facility that distributes vaccines to all countries, including low and middle income countries so we've signed up to make 1.1 billion doses for the covax, along with our partners, and they are professionals at getting vaccine out to all of the low and middle income countries and they vaccinate basically they provide vaccine to 65% of the globe's children and so with that powerhouse and our eight plants across the globe, we'll be getting product out very quickly to the globe. stuart: are you expecting to use it for booster shots? >> yeah, the answer is yes, and yes, we expect to use it a lot. there's a lot of the world left that needs the primary vaccine regimen and one for two-dose

regimen, so we'll be using that and then eventually, we'll be using it for booster and that is probably our biggest market in the united states, for instance. late this year or next year, we expect that it'll be, it has all of the great characteristics of a good boost. we're in a trial right now in the uk that is comparing the various vaccines and how they boost when you mix and match them, when you vaccinate say a regimen with the johnson & johnson vaccine and then boost with ours, or boost with the pfizer vaccine and so we'll get answers to how they work and how safe are they compared to each other, and that's going to be a big story and i think we expect our vaccine to be show the most benign side effects, and i think we're going to look good there, but the boosting

story is going to be around for many years to come. stuart: stanley erck, thank you very much for joining us this morning and congratulations with terrific results from this trial. >> sure, thank you. stuart: appreciate you being here, sir, thank you very much. now then take a look at this. you may have seen this , there's a young man losing his mind when the winner of the french open hands him his tennis racket. that tennis racket is now worth tens of thousands of dollars. that went viral as they say. baseball is back, busch stadium the home of the st. louis cards returns to full capacity tonight we're talking to the president of the st. louis cards, next. >> ♪ yeah i've got my game on, better hang on tight ♪ ♪ welcome to allstate,

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municipal bonds don't usually get the media coverage you're in good hands. 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: pretty early in the morning there, that is busch stadium in st. louis, it's 88 degrees and sunny already, 88 d.

in a few hours that stadium will open at 100%, full capacity for the first time since 2019. grady trimble is there. i think you have the president of the st. louis cards with you, is that accurate? reporter: we do, bill dewitt iii is with us to celebrate the reopening to full capacity, 44,000 fans expected to be at busch stadium tonight. this is an exciting day after a really long year for the team and all of major league baseball >> it is. it's sort of like a second opening day, if you will, and our fans are very excited. our city is excited, because, you know, they love their cardinals baseball and really the rhythm of the summer is people coming downtown and not only going to busch stadium but the arch and union station, the aquarium and all of these other attractions that makes st. louis really a destination in the summer. reporter: so at this point about half of the ballparks in the ml b have returned to full capacity, some have announced states in the not too distant future to do so. what goes into that decision

because obviously from a business standpoint, you always want to be at full capacity but over the past year, you couldn't do that. >> yeah it was sort of a phased approach. like a lot of teams we were at about 15,000 for a while with masks and all of the protocols and we still have protocols in place, but obviously going to full capacity, which is 45. we won't quite get to that number here the first couple home stands just because we have an allotted time to sell those tickets but we'll gradual ly creep up to those numbers that the cardinals are known for. usually around second in baseball in attendance in attendance. reporter: should be an exciting night and we're in ballpark village, stu, which is a collection of bars and restaurants right across the street from busch stadium so all of the business owners here are also excited to be reopened at full capacity, because they will have a huge crowd at the game, who are going to spill over to their bars and restaurants before and after the game as well. first pitch, 7:15 between the card qualities and the marlins tonight, stu. stuart: i hope it's absolutely jam packed full.

i'd love to see that. grady, thanks for being here. we'll see you later. i'm going to stay on sports. the winner of the french open, gave his racket to a young fan. you got to see it in a minute. the young man went really crazy. so, ash, how much, look at it. there you go. how much is that racket worth, ashley? ashley: well, between 25,000 and 35,000 today, i mean, that's just classic reaction, but if that young fan hangs on to the racket and jakovich goes on to win another major title he'll tie the number of most major wins by a male player and that racket's value could climb to $50,000. now, if djokovic wins this years wimbledon and the u.s. open, then that racket could be worth $100,000, no wonder he's laugh ing. he doesn't care about that. it's the , you know, i think that young man will hang on to his prized souvenirs year for quite sometime. by the way by comparison if tom

brady's game worn 2021 super bowl jersey was given to a fan like that it could fetch more than $1 million. not to be sniffed at though, 25- 35,000 as we speak, that racket is worth. stuart: i'd love to talk more about this but i've got to get to this. the cape cod guy who says he was swallowed by a whale. shall we say that it's being greeted with some skepticism, ashley? ashley: yes, it it is, and only he knows but it is a whale of a story. commercial lobster driver michael packet says he was div ing in about 45 feet of water off the coast of cape cod when he felt like he was hit by a truck. he thought at first he was attacked by a great white shark but then he noticed the beast had no teeth and that's when he realized he was in the mouth of a whale. a humpback whale, and he says after about 30 seconds, the whale began shaking its head and he was thrown back into the ocean. he was rescued by a colleague. he suffered from bruised ribs, a dislocated knee. now scientists say something

like this is very rare, but not impossible. hmmm. stuart: there you go, ashley, the trivia question of the day. bet you don't get this right. in what year did president hard ing become the first u.s. president to be heard on the radio? the answer, after this. . .

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♪. stuart: all right. in what year did president harding become the first u.s. president to be heard on the radio? the answer is, 1922. he was speaking to a crowd on july the 14th in d.c., at the dedication of the francis scott key memorial site. the broadcast was heard by 125,000 americans. now it is time for david asman. before you go anywhere, david, no, i was not in the audience at president harding's first radio broadcast. david: i would not sink that low, stuart, to suggest that you were. i know you were a young whippersnapper, let that rumor die right here. stuart, good to see you. thank you very much. welcome to cavuto "coast to coast." i'm david asman in for neil cavuto. we have a busy two hours ahead as the dow, the s&p, kick off the week in the red. oil prices hitting a pandemic high. as more americans look to hit the road this summer. s