>> i'm watching ethereum below 2000, my crypto is getting crushed. dagen: ryan pain? >> inflation is not transitory and my dream house is to eat waffles with you at a waffle house while you are wearing a leonard-- ac/dc t-shirt and i'm wearing a leonard skynyrd t-shirt. dagen: ac/dc my first concert, by the way. "varney & co." right now. steward, take it away. stuart: good morning pick first thing is you want to know what's happening to your money. let me sum up, modest rebound for stocks, big trouble for crypto. here we go, let's start with the stock market with the dow jones after a 533-point loss friday and better than 3% drop for the week will be up about 200 points this morning, modest gain for the s&p and the nasdaq. interest rates, down.

at the yield on the 10 year treasury coming in at 1.46% this morning, just a few minutes ago literally it was 1.42 and i should tell you the yield on the 30 year bond trade dropped below 2% early this morning. bottom line, interest rates are down. got to get to the crypto's as they are getting as much attention as stocks or bonds today with another crackdown in china on crypto minors. cofounder of coinbase says most crypto's quote won't work and this morning they are on the downside with bitcoin getting close to slipping below 30,000 at 32,000 and ethereum is below $2000 a coin. now looking at micro strategy, they announced this morning they are buying more bitcoin, may be trying to put a floor under it, but it's not working for the stock is its way down in premarket trading because of crypto's.

all the action is there. american airline's beating the labor shortage as they canceled about 185 yesterday as they can't get the staff back to work. more than 2 million tsa checks friday and again sunday. amazon begins its prime day sales. they brought in $10 billion last year boosted by lockdowns and brick-and-mortar store closures. how will they do with the great reopening? a stiff competition this year with walmart and target with amazon stuck about $100 shy of its all-time high on the show today. how to get people to come back to their job in big cities when there's a frightening crime wave? and we have a guy who says he was a chilean air i will repeat that, chilean air to keep it $20 in a crypto currency called rocket bunny peered i'm a skeptic to get the guy will be on the show. monday, june 21, we used

to call this the longest day with more sunshine. not sure that is accurate these days, but "varney & co." is about to begin. ♪♪ stuart: straighten up and fly right, is that the message to me, susan? susan: happy belated father's day by the way, stuart. stuart: thank you. susan: i think you are a great dad from the looks of it. i wouldn't know, but that's what i read. stuart: i will take that as a complement. good to be back sitting next to you. monday morning and doubt futures show a gain of 200 points to give that to bring in a moderate special it-- a specialist. jason katz with us this morning. at the market seems to be buying the view that it's just temporary.

is this the end of the inflationary scare? >> stuart, it's the bond and commodity investors buying that narrative. of the jury is out, however, with respect to equity buyers. last week was confusing, for the casual observer it's counterintuitive to see that you curve flattened with short rates going up along rates going down and commodities fall. let's summarize it simply, the markets are pricing in rate hikes down the line, so that's the short and. on the long and, we have indication we aren't going to have it taper, so long rates are suggesting that inflation is in fact a temporary. i don't know if i would overthink what the fed had to say last week. stuart: do you think there's anything for the stock market in at the crypto-- i can call it a cripple-- crypto crumble if you like because they are way down with bitcoin 32,000. any impact from that on the stock market? >> i think it is in a

minor way, but the percentage of equity investors that have crypto is very small and frankly, the constituency of institutions involved are very small. we have seen these isolated pockets of froth in the bloom come off of those respective roses and yet equity prices by and large have held their own. i think it's healthy to shakeout some of the newer weaker hands, look the average price of bitcoin for the new owner is in the $35,000 range, so you have a lot of new hands shaping out here, but they aren't wavering with respect to equity. stuart: got it. that's how we start this monday morning on the stock market. jason katz, thank you. i'm going to say-- stay on the crypto's. bitcoin-- susan: the bitcoin. [laughter] stuart: around a 30-- just below 30-- 32,000 and ethereum is

below 2000 and. what does this have to do with china? susan: a lot because china is cracking down on mining and crypto used as payment. i don't think it's anything new as china started this process in 2017, but that now they are in fact dick with the central bank telling payment companies not to get involved in crypto operations, you have to immediately they say cut off payment channels for crypto currency trading and you cannot allow users to open accounts, register transactions or clearing any crypto trades. they are being very blunt and their instructions they already started cracking down on mining in 2017. i have an interesting take and one from craig-- facebook crypto boss, tweeting how much bitcoin minor is moving a bad thing. in my thing it's a good

thing. you have diamond hands or paper hands this morning starting with that analogy because the bitcoin below db assay is a great buying opportunity and the fact that china is cracking down shows it's a threat and there's a future used to it. stuart: there is more on this crypto tumble as the cofounder of coinbase has issued a serious warning about the future of crypto. susan: sort of the largest crypto investment funds out there and he was the coinbase founder that was kicked out, mind you, before the ipo. still, he's a very influential voice in the crypto world and he says most crypto currencies and 90% of nft, non- fungible tokens, they all have no value he says in a three to five years and he draws a parallel between the rising crypto currency in the.com. boom in the 1990s

which i think you have a lot of insights on and i actually want to get your view on whether or not it's the similar hype you saw when the 2000 bubble burst. stuart: we didn't have the expression in the late 1990s, formal, fear of missing out. susan: also fear uncertainty doubt. stuart: we didn't have that either and also in the '90s with the boom there was a very similar atmosphere. look at that guy, he's made that amount of money, same now. i'm looking at someone that has made a fortune in ethereum or whatever and i want to jump in, same situation. susan: it's similar in that you see other people making money and all these technology companies and same thing with tokens and crypto currency. stuart: they are under pressure this morning, and that's putting it mildly. we will have more on this after the stock market opens. amazon prime days underway. my next guest says this two-day event could bring in a record

$11 billion in sales. christian magoon is our guest. christian, lockdowns, i think, gave the online retailer amazon a boost last year and they brought in $10 billion. you say they are going to bring in 11 billion this year. what will give them that boost to get to that level? >> i think one of the biggest reasons is amazon prime membership has increased 25% year-over-year, so there's all these prima members now that amazon has for its first prime day of 2021 and could be another one later this year, by the way. prima members tend to spend it double the amount of non- prima members so it could be the largest shopping day we have seen even a eclipsing 22-- 2020 cyber monday and we estimate probably between 11 to billion dollar sales over these two days.

stuart: they have strong competition this year. i'm thinking walmart and target with the old days of their own. wanted that eating into amazon's business? >> it should, but this is really a rising tide that floats all boats. dobie analytics has done surveys and about 50% of consumers are going to spend online at someplace during prime days. 44% of consumers say it will be at amazon prime. amazon gets about 40% of all e-commerce sales on a daily basis in the u.s., so they will get about 10% more market share during prime days, but they are benefiting a lot of the other firms like walmarts, targets, best buys and bed bath and beyond specifically. stuart: tell me again how many prime members does amazon have right now and how much are they paying? >> about 147 million with the last estimate as of march, and it's about $110 average price point, so it's a great

subscription business for them. think about doing transactions and that's how they make their money, but getting the annual membership is a big deal for amazon. amazon has prime in 20 different countries. this year those countries will be participating in prime days and the only name countries that will be left out are canada and india due to the coronavirus issues. stuart: got it here christian, thank you for joining us. christian magoon, thank you. we are watching headlines. florida's governor desantis beats former president trump in a 2024 straw poll at a conservative summit. how about that. 56 republicans demanding the removal of vice president harris on her border job. one of those republicans is on michelle. michigan finally opens up. they will open up tomorrow, that is and our question is why so late. in texas, listen to this , power companies automatically raise the

temperature of customers smart thermostats in the middle of a heat wave in their own homes. they did it remotely. how would you like your utility company to change the temperature in your house? we will deal with it. stay with us, please p or "varney & co." is just getting started. ♪♪

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'cause we are. stuart: pretty good rebound i would say coming down 530 for the dow jones friday, up about 250 as we approach the opening bout. a look at the 10 year treasury yield. i came into work this morning and it was 1.2% and now it's 1.47%. then we have texas, they

have been dealing with a scorching heat wave and to save power, power companies raise the temperature of customers smart thermostat remotely. you are laughing, but customers could not have been happy. susan: i'm laughing because i'm actually thinking of buying one during prime day. this made me think twice. i didn't know they could do this from a centralized location as well. this texas state government can actually go into your home and automatically change your smart thermometer and i think customers were shocked that somehow they had given authority, permission to do this, so facing a near record heat wave they were asked to conserve energy. apparently some thermostats are automatically set 4 degrees higher than they had originally put it because of the orders users, they say-- i didn't sign up for this and the government says you actually did opting

in by a mobile app or e-mail. this has sparked privacy safety concerns big what you think of older residents in the house or animals or even younger individuals like children and toddlers. stuart: i didn't know they could do that remotely. susan: i didn't either. i'm going to check that app very closely now. stuart: i have one of those nested things. susan: did you install it? stuart: no. susan: can you work it? stuart: no. it was the builders of the place and i will not use it, ever. susan: then why do you have it? stuart: because it cost too much to take it out and i don't want them adjusting the temperature in my house remotely. stephen moore is with us. please get into this. stephen, your point is this energy problem in texas is really a renewable energy problem why don't you spell that out for us. >> first of all, let me say stuart, it's such an outrage that the government in texas feels it has the authority to set the temperature in people's homes, i mean, so much

for keeping government out of the bedroom, i mean, is quite an outrage. i have talked to some of my friends in the state of texas who are not happy about this, but people have to realize what's going on here. this is the second big weather event of the year in texas. remember we talked about this in february when the polar vortex and the record cold temperatures in the frigid and even snow in places like houston and el paso, so at that time they ran out of energy because of the windmills in the solar panels froze over and they didn't get energy from that. now, we see with extreme heat in texas exactly the same phenomenon were basically the wind is not blowing and and the hammer renewable energy requirement that requires about a third of their electric power to come from the wind. if it isn't blowing where you get the power from? you get blackouts and brownouts and a shortage of energy and what is so interesting about the story is think about the

very texas is probably the energy capital of the world. there's probably nowhere in the world may be other than saudi arabia that has more energy than texas does and yet they are running out of it. that's like eskimos running out of ice, i mean, it makes no sense. it's just bad policy that's causing this energy crisis right now in texas. stuart: and there is no and to that bad energy policy insight even though it's texas same in california. no end in sight. it's not going to go away. stephen, i'm sorry. i'm out of time but it's an interesting thought and we will follow up on it. let's look at the price of oil. $71 a barrel. the price of gasoline is still holding where it's been a couple of weeks now 3.07. 3-dollar gasoline essentially, about 95 cents to a dollar higher than this day last year, but california-- i

almost feel sorry for them. it's $4.23 and average for regular in california. susan: five dollars at some gas stations. stuart: you want premium, you have to pay $5. susan: at least. think about hawaii. hawaii, you are paying $5 as well. stuart: hawaii is a special place i'm in california. susan: me-- mainland. stuart: still, i'm saying with gas that we just found out what president biden is going to do on yes raising a gas tax or no not raising the gas tax. susan: probably know because the gas tax increase was a part of a early package that called for maybe $600 billion in new spending on roads and public transit, but the white house seems pretty reluctant to include it in the infrastructure bill because he wants to keep his promise remember not wanting to raise taxes on anyone making $400,000 and less so if he

raises the gas tax, you know you didn't go through on your platform promises and every penny that increases on oil prices is a billion dollars last in u.s. consumer spending. when you have a recovering economy you probably want to keep the spigot on. stuart: and it hits for people far worse than anyone else because it's a consumption tax. susan: gop and democrats really don't want to touch it and it hasn't budged since 1993. stuart: cheap gas is a must in america and don't mess with that. thank you. air travel surging getting close to near pre-pandemic levels now. american airlines had to cancel i think 180 flights over the weekend work yesterday in particular. a labor shortage is to blame, but there's more to it than that. american airlines stock is up to this morning. at the opening bell moments away. keith fitz-gerald joins us with a couple of minutes to go.

he says this rebound has to be solid. it has to be now. he will tell us what's behind his urgency on this. keith is next. ♪♪ ♪♪ ♪♪ ♪♪

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stuart: that's a nice rebound up 250 for the dow jones this monday morning after 500-point drop friday. keith fitz-gerald is with us. keith, you say it's a critical week for the market, but if there is going to be a rebound it has to be now. why the urgency? >> because the narrative is right on the razors edge. we can't let the bears have control like they did friday. if this economy is going to continue to power forward it's important this week above all else to come into the summer months to gain and see go forward because over fears of the fed now, we make at-- need to get back down to business a. stuart: application is if we don't get a solid rebound starting this week then there will be a major-league selloff. is that what you are saying? >> short term, yes, but does it disturb my optimism for the

long-term, no way. history shows we always have a sharp rebound after. i would use that to my advantage if i get the opportunity. stuart: i go back to the 1970s i well remember what happened after 1973. there was a nasty oil shock and the stock market did not recover for 10 years. how do you know we aren't in the same situation now? >> i don't know beyond any shadow of a doubt, but what i do know from history is even during the tenure period stable stocks held up well, dividends continue to pay. you set up growth into the 80s and did just fine. stuart: susan here does not remember this, but i think that dow jones first went above 1000 in 1972 and it didn't get back to 8000 until 1981, 82, something like that. look, i have a few seconds left and you like mcdonald's. tell me why you like mcdonald's and where the stock is going.

>> 6 trillion-dollar growth, good dividend 2.2 5%, introducing technology, it's not about hamburgers, earnings are growing faster over the next five years. stuart: is at the outstanding food vendor of the day? >> in my mind yes. there will be a dip coming up as people adjust to the fed but in the scheme of things that is not much is. stuart: where do you think it's going? >> i'm looking at $300, 12 or 24 months from now stuart: okay. keith, you have made your mark this morning. thank you. we will see you soon to we have about 50 seconds to go before the opening bell rings. it's going to be an important session for we are coming off a big decline last week especially for the dow industrials down i think 3.4% ending friday with the loss of 533 points per that's what keith was talking about. you need a rebound and we are going to get went to some degree with the dow jones coming back to the tune of about 250

points. a smaller game for the s&p and an even smaller gain for the nasdaq composite. so all eyes on the stock market this morning, but please don't take your eyes off of the crypto's because there's a lot of action there today and that is a significant part of the financial world these days appeared bitcoin struggling to stay above 30,000 dollars per coin. here we go. we have three seconds to go this monday, june 21, the longest day. we are off and running and right from the start we are up 187, 190, 200 points to the upside for the dow industrials, a modest rebound compared to last week losses. looking at the dow 30, there's at least 26 of them up. i have three that are down including disney, by the way appeared disney is on the downside. dow jones at 205. s&p 500 also higher, but not as much, up .4% gain with the nasdaq

composite coming in at the opening bell with a gain of just .12%. we will really i think focus on big tech because if the nasdaq is only up that much what is the story on big tech, some up in some down? >> i would say there are some out performers amongst the mega cap tech names to facebook, alphabet so far outperforming the life of apple and netflix in 2021. look at the games, i mean, apple and facebook up 21% so far. amazon, not bad as well at 7%, but then you have they're down plays like apple and netflix which are underperforming the s&p 11% gain so far this year end i would call it a recovery in advertising revenue, which we know in place the bottom line at facebook and alphabet after covid and i think that's what's driving-- driving the stock. stuart: next time we did the big tech, we should include nvidia

because it's gone way above $700 susan: 300 billion, so the biggest chip maker in the world and now. stuart: going really strong. let's look at the meme stocks. they were making a lot of news in the last few weeks, not that much price movement, but they are holding onto their gains with amc 61, gamestop 215. susan: gamestop, we had the new ceo in coming and he's been added to the board of directors, which may spark interest in gamestop shares this morning. stuart: one of these days we will look at gamestop in the fundamentals. susan: they are moving towards a digital. stuart: it's a big bet on moving towards a digital. even i will admit. show me amazon, please. as you know, they kicked off their prime day sale a few hours ago. to have competition this year. the stock is going nowhere in the early going this morning. it's not just amazon that's offering deals. they have competition as

we were saying. susan will spell it out. susan: think about the walmarts, targets, macy's, costco competing sales events. is this anything new, no we saw this last year, but think about the calendar events of prime day. last year it was in mid-october which may have taken away sales from the holidays in this one in the summer months of july when it usually takes place. most people anticipate we will see more sales than last year. everyone around the today prime event. is it anything compared to single stay in china when $100 billion was the move, now before the u.s. some people mark that on their calendars. stuart: success if they make 11 billion. if the revenue is 11 billion, up 1 billion from last year it would be a success. susan: to add to the prime numbers it's significant because 147 million paying subscribers in the u.s. in 200 million around the world. think about the revenue

when you have 200 million paying $100 a year for that service. stuart: if you can get it and they have got it. american airlines canceled i think 180 flights canceled sunday, yesterday. was there something more than just a labor shortage crete to i assume you didn't fly american airlines as you made it back today, but it's not just the labor shortage, that's a big part, but bad weather in the south and other factors they say led to american airlines changing their flight schedule heading into july so 300 flights canceled friday and saturday. if you think about the total of june so far and couple the bad weather with the labor shortages, is three to 4% capacity impacted. stuart: floundering around at $22 a share. susan: great verb. stuart: even though we are coming back strong. susan: if you think about the reopening place they have not done well, the cyclical place, but i want to show you one statistic i found shocking from

friday when we saw the 500-point decline, worst week of the dow jones since october. heavily from options. the options volume is much higher 150 million contracts with the witching as it's called and that was highest since the gamestop saga in january. stuart: the good old days. i went to get back to crypto's. look at micro strategy. susan, you follow-- i know for a fact that they announced this morning that they bought more bitcoin, maybe trying to establish a floor. susan: look, maybe without micro strategy saying they would buy bitcoin it could be below 30,000 now, but as you raise about 100 half billion dollars last week and they now hold and they went to buy more bitcoin on the debt and they say they hold 100,000 bitcoin and you do the math it's roughly $3 billion or so when i would say micro strategy is probably moving the trend. we had tesla with one

and a half billion, this is double the amount on their balance sheet. stuart: maybe they did put a floor under bitcoin because it's holding about the 1000, 2000 it's not dipped below 30,000 dollars today to my knowledge. living on guggenheim and investment firm repeating thereby recommendation for the beer company calling it their top kick. that's the status of boston beer for that company. they see underappreciated growth profit for the hardest seltzer brand or do you like that stuff? susan: i have not tried it. stuart: boston beer close to $1000 a share in part because of that. let me see the list of dow winners. 30 stocks are in the dow jones and they are the top performers, doubting, caterpillar, 3 m with honeywell and home depot. susan: how do you feel about the reopening cyclical place coming back today? stuart: i will take your word for it. on your-- i'm

screaming-- they are screaming in my ear. s&p 500 winners, eastman chemical. i almost read that of eastman kodak, but they are a thing of the past. top performers nasdaq, cisco up 1.4%. note huge gains therefore attack on the nasdaq. 10 year treasury yield again, i came in this morning at 1.42 and now it's gone up to 1.47 with the price of gold last week dropping below $1800 an ounce. it's that 1778 as we speak. one more check of it bitcoin holding on the downside, but worth $32,500 per coin. 23 and me, they do at home dna testing and they went public on the nasdaq. i want to know what they have in the pipeline. what is new in the future for 23 and me? the ceo is coming up later on the show. electric vehicle startup will manufacture in

oklahoma. we spoke to the governor of oklahoma friday. he told us why they were going there. we will speak with the ceo of canoe today and i'm dying to ask him, would he ever consider building a manufacturing plant in a blue state, you know california, new jersey, new york-- new york. i will ask him for first, one man says he invested $20 and crypto called bunny rocket or rocket money and he woke up a trillion. put me down as a skeptic we have the guy on the show. actually, he is next. ♪♪

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stuart: at the request of some viewers we are putting this on the screen, it's called market scan, all 30 dow stocks with a sense of the overall market.

clearly, we are on the upside, most of the doubt 30 are in the green. legalzoom taking another shot at going public. they were really successful during the pandemic, susan. that company went straight up and now they are thinking about going public. susan: again. stuart: what value? susan: talking $5 billion or so, which is not huge compared to airbnb and doordash and also roadblocks, but it should be a test to see how much interest there might be in a different type of ipo company. stuart: different kind of ipo company? susan: online legal services, not talking about video game makers or health kit makers like three and-- 23 and me. stuart: different, that's for sure. my next guest is says-- this will be interesting my next guest is says he invested $20 into rocket bunny. that's a crypto currency and he said he woke up a trillionaire.

christopher williamson. put him on the screen. that's the man who said he woke up and found himself worth a trillion dollars. obviously you are not a trillionaire, but can you tell me how much of your $20 and rocket bunny you still have left? >> right now i don't have an answer for that because the accounts have been pretty much frozen and locked out. i think after this morning it's still fluctuating in price at like 151 trillion today so i'm still not sure what's going on. stuart: that's not a legitimate price for rocket bunny, now is it? >> no. stuart: was is some kind of typo do you think when you read it on your phone? >> like i said, right now i'm just not sure. i reached out to coinbase going on six days now, really nothing has come from that.

stuart: it's possible that rocket bunny no longer exists. i mean, i don't know that. it's entirely possible there is no longer a crypto called rocket bunny. am i right to rocket bunny is very much alive they have been in touch with me. the developers of rocket bunny have pretty much been what has kept me going-- sorry about this my cat. stuart: have you bought any other crypto's apart from rocket bunny? >> i have. i have been purchasing now, for around eight months, so i kind of look at what is new and what the coin is about, mainly charitable points , things like that. stuart: how much have you made so far from all your crypto investments? >> i'm going to say

dogecoin was my best, kind of like the best payment i have gotten out of anything so far other than picking up my phone the other morning and seeing $1 trillion in their. of course, we all know something is going on there. stuart: i think so also. last one, have you heard from long-lost relatives [laughter] >> not yet. i have been pretty much keeping to myself here and it talking to close family members and then you know you guys, the media. stuart: you will hear from a lot of people after this, believe me. krista far, you are a good disport. thank you for being on that show. i hope you are worth a trillion, but i suspect you are not. christopher williamson, good man. thank you. bill ackman's spac, that's purging square holdings has a huge deal with universal music

group. look, it's really complicated. tell me why i should care? susan: i think there is talk on wall street about the future of spac and how they search for deals on whether or not there should be a timeline in terms of when the money actually goes to acquisitions because that's a problem now as there are some a spac, so much money and there aren't enough companies to buy into and does purging square get a reset in the timeline because usually you have to buy something into years once once you raise cash which is what they have done. they are only using about $4 billion to buy 10% of universal music group right now. universal music roughly $42 billion. this is not everything he has in the spac, so what happens to the money he has left, does he have to give it back to shareholders or does he have more time to find something else to buy into. 's spac has been the hottest financial institute over the last two years. stuart: bottom line is you are in a spac in the definition of

what the spac does and how it operates could change? susan: well, should you give your money to a company or a spac deal when rules change in the middle? stuart: yes, should you do that? it adds to your risk. susan: spac has gone down in popularity. stuart: they have. excuse me. susan: are you okay? stuart: you can't sit in this seat yet. susan: you are terrible. stuart: i have seen a stark difference between the reopening and blue states versus red states. lots of masks still around in those blue states. i think it's political and that's what i will talk about in "my take" coming up shortly. meanwhile, tokyo olympics will have fans at the summer games despite the doctor's orders appeared more "varney & co." after this. ♪♪

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stuart: look at the major airlines, please. president biden screen to push, the airlines see this as an opportunity to get more money out of the government. hilary vann has the story as she's on capital hill.

what is this about a blenders tax credit? reporter: it's getting support from airlines and also airplane manufacturers. they want $1..50 to $2 a gallon and a tax credit back when they use and purchase sustainable airline fuel. it's part of an effort for airlines and airplane manufacturers to go green, but they hope to cash in on a tax credit on their way there appeared airlines for america represents companies like america, delta, southwest and fedex. they support sustainable aviation fuel and they say it reduces emissions on a five by 80% if they switched to that as opposed to the traditional jet fuel. they think they are paying more to make the switch because there's not enough in the market , so they think a tax credit for them will help a fuel supply that they say is lacking for them to meet their climate goals pick they say quote we all need that saf sustainable airline fuel industry to

have aviation and the nation meet its climate goal. a performance taste tax credit is not the only policy we would like to see put in place, but it is in our view the most significant. stuart, there is a flipside as there's biofuel producers that are worried it will raise the cost for all of them and especially for the products they used to make these alternative fuels like vegetable oil, like soybeans and that's going to make it more expensive for other uses for these products on the market, not just for sustainable fuel. stuart: at the airlines will go green, just give them the money to do it to. thank you. look at this, please. 2.1 million people passed through tsa security checkpoints yesterday. it was just 590,000 on the same day last year. of the traveling public is back. united airlines making changes to employee appearance standards pick that's your story. susan: you will love this.

you fly united once in a while so starting september 1, in order to celebrate employees and create a more inclusive culture, they will allow customer facing employees including flight attendants to have tattoos, nose piercings, hair, makeup and colored nails. we should tell the audience about your policy on tattoos is to be when i don't care for tattoos. i absolutely don't care for tattoos. susan: starting september 1, those individuals customer facing are allowed to show tattoos if you have them and you can have different hairstyles, colored nails and this may extend to pilots and other non- customer facing employees in the future, but does it make you not want to fly united? stuart: now, i just prefer jetblue. we better check the markets again. bottom right-hand corner of your screen. the dow jones is out 342 points. down 530 friday, up 345 as of now. we have a big show

straightahead. ed is on this market rally because that's what it is right now, jonathan morris, a catholic bishops possibly denying president biden communion. steve forbes on the surge in crime np tag seth ron desantis beating trump in a small-- straw poll for preferential. the second hour is moments away. ♪♪ 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

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♪. stuart: get the party started. all right. good morning, everyone. it is 10:00 eastern. let's get straight to your money. i call that a modest party. the dow is up 330 points. s&p up 28, nasdaq up nearly 30 points. the action is in the dow industrials. pretty solid rebound i would call that. the 10-year treasury yield, that is going up to 1.49%. i keep saying this. i came in this morning it was 1.42. now it has gone to 1.49. maybe that is why the nasdaq is showing such a very small gain. they always react negatively to a rise in the 10-year treasury

yield. but the cryptos, that is where the action is this morning. look at this. bitcoin struggled back to $33,000 a coin. ethereum struggled back to just above $2,000 a coin. earlier we were way down across the board. we come back just a little on the cryptos. that is the financial markets. now this. why wire are a mask if you are fully vaccinated and the mask mandate has been removed? to mask or not to mask. with so many of us vaccinated its not so much a medical question, believe it or not, it is a political question. this headline in the "wall street journal" caught my attention. columnist andy kessler talking about the vast majority of shoppers in trader joe's in california remain masked up. he cause them lemmings per pet outly anxious giving up the

security blanket. that is democrat dominated california. i went into a grocery store in new jersey. a majority of shoppers wore a mask even though the mandate had been removed. out on the street, plenty of people, young people, anxiously masked up. that is democrat dominated new jersey. saturday i was in a supermarket in florida. the exact opposite. hardly anybody wearing a mask. the vast majority unmasked. smiling, not a hint of anxiety. free. that is republican dominated from. why is it that party affiliation makes such a difference? that's easy. throughout the pandemic the democrats raised anxiety level always warning about the dangers of a new variant or a spike if we let our guard down. the left wanted you under control. so they kept the restrictions in place. democrats are hanging on to their anxiety. there is one more thing i want to mention here. a very, very distant relative of mine who lives in california

still wears a mask. why? because this person hates trump and thinks going maskless is a sign you are a republican. not covid. scared of being considered a republican. no further comment required. second hour of "varney & company" is about to begin. ♪ stuart: lisa booth, there she is. welcome back lisa booth. long time no see. >> hi, stuart. great to see you. stuart: look as you just heard i perceive a difference, a political difference between red states, blue states and how we're coming out of this pandemic and wearing masks. how do you explain this political difference? >> look, we've even seen liberal activist david hogg will still wear a mask outside where there has never been risk of

transmission so people don't think he is conservative. look at the wuhan lab leak theory, which is the most playable theory for the origins of the coronavirus. make sense, literally working on bat coronaviruses at the time of the outbreak. always makes the most sense. that was surety down by big test, media, the left, simply because president trump raised that point as well as senator tom cotton, for political purposes, begs the question where is the critical information has been suppressed or shut down over the past year? is it things like hydroxychloroquine. what would the past year look like if we allowed for independent thinking, free speech, in america, dissenting opinions in america, even going back to the beginning of the pandemic. we didn't allow for voices like dr. imidis in stanford questioning lockdowns in march of 2020. with would everything look like if we allowed for free speech in america and critical thinking?

stuart: they can't get over really hating president trump. this is a small faction of extremists but they dominate in many areas. i don't think they can get over hating president trump. i don't think they will ever get over it. i think they will always go back to the anxiety. look what you did. that is the way it will go. last word to you? >> i do but i think it is broader than that. even the question of masks. the university of louisville just came out with a study not too long ago questioning if masks really reduce the spread of the coronavirus. the cdc back in i think may of 2020 did a case study looking at 10 case studies over a seven-year period found masks didn't significantly reduce the spread of influenza. we know that influenza spreads similarly to covid. we even shut down conversations surrounding things like masks. mit brought in to question social distancing. i don't think it is just liberals. society as a whole we engaged in

group think. we not allowed for dissenting opinions. we shut down conversations even if there is legitimate studies, legitimate information questioning some of the theater we engauged in as a he is side. making people feel safe didn't have impact. lockdowns didn't work. so why are we can having those conversations as a society. stuart: god. i think you moved to florida last time i saw you? >> yes i did. i'm looking at the water right now. stuart. stuart: we get the point. thanks very much indeed. you're all right. come visit. stuart: look at that market. we've only been open 36 minutes. the dow is up more than 400 points. i keep saying. look, down 500 friday. up 400 right now. we need ed yardeni. and fortunately the man is here. ed, is this the end of inflation scare? inflation scare last week, it is

over this week? >> i don't know that last week was an inflation scare. i think it was another tapering tantrum. we had three prior to that. one in may of 2013. there was one in earlier 2016. and then another one in 2018. those all turned out to be buying opportunities. the market gets upset when there's a threat here that the fed might actually provide a little less stimulus. so it doesn't take much. last week, we had, on one state so-called dot plot put out by the federal reserve. the federal open market committee. the dot plot said seven fed officials up from four fed officials are thinking about thinking about raising interest rates next year instead of 2023. i mean, come on. the economy is absolutely booming and i expect there will be more of them moving towards tapering, cutting back purchases and raising interest rates and starting next year. stuart: do you think there was a

bunch of trial balloons last week? mr. bullard for example, suggest about interest rates and more inflation we like? >> yeah. stuart: were these guys sent out there to raise the possibility and get everybody talking and -- >> sure. stuart: just maybe an advance word on what the fed is probably going to do sooner rather than later, that it? >> well i have come to call the federal open mouth committee in fond way, the federal open mouth committee. they love to talk after the meetings. before the meetings they have a one week black out period. it must be frustrating not to share their thoughts with us. as soon as meetings are over they chat away. i'm not surprised. i did expect the dot plot would move, drift towards more of them raising interest rates. it simply makes sense. it is logical. the economy is booming. inflationary pressures are picking up. time to move forward with

tightening. tightening is not the end of the world. it is quite opposite. it is a signal the economy is doing great. stuart: what do you think would happen if the fed actually raised rates, not, forget the signaling but actually raised rates towards the end of this year? what would happen to the market on the day they raised rates? >> if it was a surprise you would have a tremendous correction, maybe as much as 15, 20% for one day but that is not their style. they do baby steps. they hold our hands. they treat us like kids, like you don't worry, don't worry, we're going to raise rates but we'll tell you when. it will be a long time from now. so it is just not going to happen. i think what is going to happen is that the july meeting they will discuss it. at the september meeting they will actually start to taper. and then i think sometime in the first half of next year they will start raising interest rates. i think they could do it a lot sooner than that but i'm not in charge.

stuart: no, you're not. stuart: that's true. until then the market stays strong. ed yardeni, thanks for being with us. we always appreciate it. >> thank you. stuart: look who is sitting next to me in new york, lauren simonetti no less. >> how are you? stuart: back in new york today, this is all good stuff. money, movers, what have you got. lauren: got a huge one. raven industries. stock price is up almost 50%. being bought by an italian company at 5dollars a share. the stock is catching up to the purchase prize. hewlett-packard enterprise are buying a start up determined ai to make machines learn faster. zip recruiter a buy by every c.o.r.e. they call it a disrob tore in the market. stuart: i'm inclined to agree with that. lauren: interviews online.

make sure you have a strong internet connection when you apply for a job. stuart: that would help. let's talk crypto. bitcoin, 32, nine, it is down on the day. 6% roughly. what is behind the drop? lauren: it is china. 90% of bitcoin mines are shut down because they use too much energy. two thirds of bitcoin mining is done in china. if there is less than something i would think it would move up. there are regulatory concerns. alipay from alibaba, to crackdown on crip cotrading. you have bitcoin, smaller rivals all down sharply today. stuart: yeah. so that means less demand for cryptos, if the chinese cut off access to the crypto market, less demands for cryptos, price goes down. lauren: i guess that is what is happening. stuart: amazon prime day. we already got a few hours under our belt of prime day.

do you have any idea, this is for you, you got any idea, the best deals, the biggest discounts? lauren: i didn't look for anything specifically personally yet. that is not like me but i'm being told electronics are where it is at. bring up some of the deals. $100 off insignia fire tv. a thousand dollars off sony's 85-inch 4-ktv. amazon chrome book, $283. we'll take it. deals on headphones. i don't think we'll see many deals for christmas and june events. many sellers on amazon don't have the products to sell. why don't they have product to sell. they might have the product now, but where is it? they have to get it off a shipping container and there are few of them or pay double from china to here in the u.s. who has enough cash give me everything i ordered i will put it in storage for three months?

stuart: that doesn't happen. lauren: that is one of the issues sellers are facing. stuart: maybe why amazon is down 1%. 3450. thanks, lauren. one member of the squad denying critical race theory is being taught in schools. ilhan omar says it's a republican talking point. jessica anderson has something to say about that she put out an ebook on crt. she is here coming up. taking on president biden. he could be denied communian for his abortion stance. jonathan morris, a former catholic priest will tell us what he thinks about this. first though, is the white house putting enough pressure on china to find out where covid could have come from? you decide. roll tape. >> we're not at this point issue threats or ultimatums. what we'll do is continue to rally support in the international community. stuart: rally support in the international community. kt mcfarland says that is

absurd. she is here next. ♪.

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stuart: just coming at us now, important ruling from the supreme court. it's a ruling on ncaa athlete compensation. lauren? lauren: in favor of the act lietz. supreme court citing with former college athletes in a disput overcompensation and benefits. sides with the athletes on that decision. just coming in to us now. stuart: at this point we don't know if that opens the door to widespread payments to athletes,

we don't know that. lauren: we don't know that yet. i will keep looking into it more. stuart: supreme court in favor of athletes getting money. that is important. thanks very much, lauren. the administration says it is rally iing the global community to hold china accountable for the pandemic. a handful of house republicans are pushing president biden to do a lot more than that. mark meredith is at the white house. mark, the biden administration is still feeling the pressure here? reporter: stuart, seems to be the case. the white house says it has plenty of ways it can hold china accountable. we're seeing the biden administration to call on the u.s. and its allies to compel china to be more cooperative in the global health investigation into how the pandemic first started. we heard from the president's national security advisor jake sullivan on sunday. >> imposing political and diplomatic pressure on china, that is a core part of the effort we are undertaking to ultimately face china with a stark choice. either they will allow in a

responsible way investigators in to do the real work of figuring out where this came from, or, they will face isolation in the international community. reporter: isolation the key word there. the white house is facing growing pressure here at home and other countries abroad. they figure out where exactly covid-19 first spread. the theory it escaped from a lab near wuhan has gotten more traction in recent weeks. the president asked the national security team to prepare a report on its findings. that is not expected to be ready before august, if not later. house republicans are waiting for a report saying definitely what happened is waste of time. they say now is is the time to impose more sanctions on chinese officials to compel more cooperation. with top critics china is not likely to be scared by any diplomatic approach. >> i don't think xi xinping is quaking in his boots that joe biden will not invite him to coffee at the next g20. china is not going to cooperate. they will not open the labs and

let american scientists and researchers to go in. second there is more than enough evidence to hold china accountable now. reporter: what is interesting we saw china last week prepare for the possibility of more sanctions, with the chinese legislature approving counter measures, companies future targets of sanctions to sue in chinese court that may cover from any damage coming from foreign sanctions. there will be a lot of talk how china will be held accountable. it is interesting to hear how the u.s. and its allies hope to make china more cooperative. stuart: hope to is the operative word there. marks, thank you very much indeed. i want to bring in kt mcfarland. it looks like the administration has a purely diplomatic response to china on covid. what do you say to that? >> look, maybe the chinese will pretend to cooperate and the affidavit administration will pretend to believe them but it is not in china's interest to cooperate at this point because they either look duplicitous or

incompetent. say for example, the chinese had nothing to hide a year-and-a-half ago. why didn't they share what they had with the world? why not share the research? we could have had a cure quicker. we could have had a vaccine quicker. they look duplicitous trying to cover up. if on the other hand there is something to cover up what will the world think of them at that point? what were they doing in that lab? were they creating a more lethal contagious virus? that sounds like biological warfare to me. why was the chinese military working on that? i think they will ride it out, they will try to ride it out, they won't come mean, won't reveal what really went on at that lab what should we do? >> oh i think there is a whole lot of stuff we could do. there is something called sovereign immunity, american citizen or country cannot sue a foreign country. we can waive the sovereign

immunity. that they will be open to lawsuits from individuals or companies. increase defend spending. increase defense spending particularly in the south china sea. where china is making moves hon taiwan using the islands in the south china sea. maybe we could say, citizens of hong kong, you were promised freedom, china is taking you away, we'll guarranty automatic and immunity and citizenship to hong kong chinese that want to come into the united states. that is not even talking about the economic steps we could take or cyber steps we could take. there is a lot of stuff we could do other than wring our hands. stuart: i leave it there. i take it you don't think the administration will do anything that will really get to the bottom of this? they will ride it out, both sides? kt, great to see you again. see you again real soon i do hope. thanks very much indeed. >> thanks, stuart. stuart: putting up on the screen, royal caribbean, the cruise line, they did start their first test cruisers.

first ones sailed last night. what is the story? lauren: freedom of the seas. a test cruise is a simulation. >> what does that mean? lauren: so they can test their health and safety features. but do they need to do it is my question? the cdc ruled a few months ago, if you're sailing, not 100% or 98% of people on that ship are vaccinated you need to prove that you can sail and all of the unvaccinated are safe as well. well florida governor desantis sued the cdc said look, this is overreach. you're killing our economy in florida where we have the three biggest ports in the nation. he won. now there is a test cruise from a place that you might not even need to do that. stuart: why are they doing a test cruise? lauren: to make everybody feel safe. prove they can do this. cruiseomhing coming back. i say next month it is coming back in a very big way. yes, people are vaccinated and

b, desantis winning the lawsuit. stuart: why can't we choose the level of risk we want? if i think going on a cruise is dangerous i don't go on a cruise. lauren: right. stuart: if i think it will be okay, i go on the cruise. it is my call. lauren: personal choice. stuart: whatever happened to my call, my choice? don't ge m started, lauren. nice to see you back. don't want to lose my temper too early here. markets are new high for the day, certainly dow industrials up 446 points. nasdaq is about to slip into negative territory. that is because the yield on 10-year treasury has gone back up again. tech investors are very sensitive to long-term interest rates. stuart: plus there is this. president biden could be denied communion for his abortion stance if some catholic bishops have their way. jonathan morris a former catholic priest, is here to pass judgment on that.

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college athletes. tell me more. lauren: this clears the way for the first time in 40 years or so for the athletes to get paid, for student athletes to get paid and get other perks. it loosens the ncaa grip on athletes. i want to read quickly on justice kavanaugh. it was a unanimous decision by the way on the supreme court. the antitrust laws should not be cover for exploitation of the student athletes. that is a concern, overarching concern, that schools are conspiring, the schools are conspiring with competitors to pay no salaries. stuart: they will get, that was a unanimous decision of the supreme court. here comes money for the athletes. could see it coming a mile off. look at this, high of the day on the market, for the dow industrials. the high is up 485 points, almost completely getting rid of friday's loss. you're up 483 there. the nasdaq is not quite in negative territory. these are the dow winners, headed by caterpillar, up a very

solid 3%. there is this, president biden's abortion stand could get him banned from receiving communion. new guidance from catholic bishops for any catholic that breaks away from the church's standpoint on abortion. we have jonathan morris. good to see you again. you were a catholic priest. what is your judgment of the bishop's opinion. >> when i asked for dispensation, pope francis wrote me dispensation, be a public voice. as a layperson, stand up for what we believe, be part of the discussion. so that is why i'm doing. the situation the bishops are in right now i think it is unfortunate. it comes from is a lack of leadership at the very top from pope francis. let me explain. we now have a catholic president of the united states sitting in the white house writing executives orders that go directly against one of the most fundamental teaching, if not the

most fundamental teaching of the catholic church, of the bible for that matter, respect for life at all stages. then on sunday he goes and very publicly to his credit, very publicly, says i am a devout catholic. i am worshiping at this church, i'm receiving communion. amen i believe with the church. there is this conflict that the bishops are in, what do we do? what do we stand up for? i believe pope francis just decided not to step in a direct and clear way. i think it is unfortunate. stuart: do you think the pope should have said something, gone one way or the other? i think we should point out though that the democrats position on abortion at this point, if i'm not mistaken is, open abortion to anyone at anytime. abortion on demand i think is the democrats demand that really does run very much counter to the church's position, i'm sure. but you blame the pope for not coming down firmly here?

>> i do. because, what is it that separates the catholic church from any other christian denomination? i would say above all, although there are many difference, above all there is teaching authority. someone at the top with supreme authority to establish what the church teaches and that is the holy father, the pontiff and pope francis although he does many other things his primary responsibility is being a defender and teacher of the faith. so the bishops are left in this very tough situation and president biden is left in a very tough position. should i receive communion? should i not. i love my faith but i'm getting mixed messages. i think it is really the holy father's responsibility to give clearer direction to the bishops of what they should do. stuart: there will be a political storm about this. jfk was the first catholic president of the united states, seemed to come to accommodation with the catholic church and american voters. do you think the same kind of

accommodation can be brought about with biden and voters in america? >> it will happen if pope francis gives clarity to the bishops. he could say something very simple. he could say yes, i know cannon law currently says you should not be receiving communion going against fundamental teachings the church and living in grave sin. it also says cannon law the minister has some responsibility not to give communion is somebody publicly professing something contrary and living contrary to the faith. pope francis could change cannon law just like that. it would make things a lot simpler for the bishops but they need clarity. stuart: got it. jonathan, great to see you again. looking fine by the way. looking well-dressed. your wife is dressing you very well. i'm sure that is the case. >> you don't think it was me? stuart: no, i don't think it was you. >> you're right. stuart: that is honesty, how about that.

jonathan, you're all right. i hope we see you again real soon. good stuff. pay attention to the market, up nearly 500 points for the dow industrials. we have the tropical storm claudette. aftermath of a dreadful accident there in alabama, greenville, alabama. jonathan serrie is looking at bruton, al alabama ba. he is looking at the aftermath of all the tornadoes and the storms. reporter: i'm standing here what used to be a trailer park, these mobile homes completely shattered erred destroyed by the tornado spawned by claudette. they say it was an ef-2 packing

127 miles an hour. we spoke with one resident trying to drive through the storm, through this neighborhood when the tornado touched down and he says thing got bad very quickly. >> it was raining hard, raining, winds. then i see tree limbs dropping. i had to swerve around them. around it just came through right in front of me. reporter: joe says moments later he pulled two nabe force from their mobile home that were completely destroyed. they were among three residents from the neighborhood who had to be taken to the hospital. reports report no fatalities from this location. sadly was not the case in butler county where police say rain slick conditions on interstate 65 likely contributed to a crash involving 17 vehicles. seven vehicles caught fire. the crash killed 29-year-old cody fox and his nine-month-old daughter from tennessee. eight children ride inning a separate vehicle were pronounced

dead at the scene. those kids ranging in age from 3 to 17. half of the kids, four of them were apparently family members were guests of the driver. the other four were part of the alabama sheriff's association youth ranch program. thetable organization as executive director i've been thinking we do not always understand the reason things happen. we will continue to hold on to our god for peace and comfort as our hearts continue to break. the ntsb has launched an investigation into that accident looking at safety issues such as fuel tank integrity on commerce vehicles and forward collision warning systems. here at the scene in east brewton, alabama, a homeowner surveying damage what used to be his mobile home. he says his wife and children were inside of the mobile home as it flipped several times. he is grateful that they are still alive. stuart. stuart: jonathan serrie, thank you very much indeed for joining

us. appreciate it. check the market. you're up almost 500 points on the dow industrials. 490 to be precise. back to 33,700. that almost completely erases friday's loss. we told you last week about canoe, the electric vehicle maker. they will build a new plant in oklahoma, that is a manufacturing plant. why did they pick a red state, not a blue state? the ceo will answer that question next hour because he is going to join me. first, every day the same scene plays out. raft after raft of migrants and their smugglers by the way on board too arrive in the rio grande valley. get this, the smugglers laugh at border agents just feet away. they know their hands are tied. fox's bill melugin has a report. ♪.

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stuart: yeah. let's get to biden's border crisis. fox news got a first-hand look at smugglers ferrying more than 60 migrants across the border. happened in the dead of night, just a few feet away from law enforcement agents. bill medical lug begin is at the border. you're telling me smugglers were laughing at the border people? tell me more. reporter: stuart, good morning to you. yes they were. they were profiting the most during the border surge. we went a ride-along with roma, texas. we'll show you the video. this was middle of the night, a popular spot where the smugglers bring migrants across on rafts. we saw this happen over and over and over. essentially running a ferry service for the migrants, taking them from the mexican side of the rio grande over to the american side. law enforcement was standing there. boardedder patrol, texas state

trooper, national guard. human smugglers were confident, making jokes, took off the head coverings. they were not afraid at all. look at video. eventually 60 or so migrants were ferried across in the span of 30, 45 minutes or so. many were the family units. women with young children. there were single adults with them as well. this was only one part of the river this is happening on. this happens every single night like clockwork. look at third piece of video. border patrol can't get big bus to the bank of the river. a single group of border patrol agents had to leave this huge group of at least 60 migrants up a hill. walk them to a processing center, joined with another group of migrants crossed over the river. we asked a texas state trooper why are you not able to get human smugglers when they stop across the border. he said there is danger to the

migrants. >> it is challenging you capture to the smugglers. you see close proximity to the river. they bring children that poses a challenge for us capturing these smugglers. they know that. that is why they have no fear. no resistance with them coming across. reporter: basically what the lt went to tell us in the past when they tried to get smugglers before, the smugglers see law enforcement making a move, tip the raft over, throw the kids out of the raft. instead of getting smugglers. it turns into a rescue operation. the migrants are ruthless f they develop a safe plan to snatch one of them they will simply do so. stuart: bill melugin thank you very much. 50 republicanses are demanding that vice president harris remove from her border role. one of the republicans joins us now. republican congressman glen

rothman. it doesn't matter who they replace vice president harris with. because all the democrats want the border to stay essentially wide open, do you agree with that? >> i think some people warrant a little responsibility. they could do a worse job to repeat the numbers. this time last year. we had maybe 6,000 people coming across the border what they called getaways. right now we believe between them, of the miners, families, get aways we're 70,000. to go from 6,000 to 70,000 is a disaster. any kamal lar is particularly inpet, extremely incompetent or uncaring. at the time she got the job she said she would be at the border. i can't help think but joe biden for his own self-preservation, wants a little bit of work at the border. nobody can tell me wanted this open borders, 70,000 a month going on here.

so i think to remove kamala would be a step in the right direction. we have to realize you need to do something. stuart: do you agree with this the democrats will do absolutely nothing about the open border, unless they think it is working against them in the 2022 elections? >> absolutely. i agree with that. and i think those who probably hurting joe biden a little bit already. i'm glad we're talking about it today. i'm still not sure the average american realizes what a huge increase of people we have had going over. like i said, i think when joe biden appointed kamala harris he expected a little bet optics anyway. i think that is why she said she would go to the border. she isn't going down there. she personally doesn't care about. i think she is insubordinate to the vice president. i think the vice president should appoint somebody else and see what happens. stuart: glen grothman thanks for

pointing that with us this morning. hope to see you again soon. thank you, sir. new high for the moment, for the day i should say, the dow up 530 points. it completely erases friday's loss. modest gain for the nasdaq. s&p up 48. that is pretty much a bounce-back. ilhan omar says critical race theory is just a false narrative, not actually be taught in schools. i will ask my next guest about that. jessica anderson. she put out a an ebook on the dangers of crt in the schools. ♪.

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♪. stuart: "squad" member, ilhan omar denies critical race theory is being taught in schools. here is the tweet. republicans love to create outrage over things that are not actually happening. people should be asking them, what elementary, middle, high school is actually teaching critical race theory, and why are they spinning false narratives? jessica anderson is with us. she has a new ebook, entitled, reject critical race theory.

welcome to the program. let's get straight at it. omar says crt not being taught in schools, is it? >> yes it is. she is flat-out wrong and our ebooks that we're rolling out today gives the tools back to parents, back to the two million activists across the country to go in and directly find the instances where critical race theory is being taught in their curriculum where it is indoctrinating their children. i would encourage her to use the tool book, use tools we have available to find out for herself exactly where critical race theory is being taught and how danger it is. how dangerous it is. stuart: that is good, jessica. turn the tables. good idea. look, why don't you spell out some of the tools that you're promoting in the book, some of the tools to get rid of crt, other than just attending school board meetings? >> well, attending school board meetings of course is important but the name of the game is transparency. so with we're calling on parents, what we're calling on

activists across the country to do is to start by researching their schools and the tool kit walks through how to do it. submitting foia requests to school board members, superintendents, principals. all information is available to them. so you can see the decision-making process behind closed doors of how exactly the processes of crt infiltrating being baked into curriculum. that is one of the foia requests. ones you get the information you're armed with how the decisions are being made and how dangerous they are to students to go to that school board meeting. you're not just activating in opposition. you have real meat, something to say. look. this is where the curriculum is wrong. this is how they're distorting american history. how they're distorting capitalism versus socialism, race and equalities and equity across the entire country. the foia request is key. from there you actually, that can flow into the school board, letters to the editor. finally supporting the members

of congress at the federal level, representative church roy, representative dan bishop. both have fabulous bills that will reject crt both nationally in curriculum and in the military. stuart: jessica anderson, heritage foundation, i think you're on to something. i think there is a very strong grassroots movement. we're great to see you urging it along. >> thanks for having me. stuart: come back in again, please. get back to money and the markets. you have movers around watching cryptos. lauren: not just the cryptos, the miners, the coinbase, blockchain microstrategy. micro strategy, this is interesting because this has become a proxy for cryptocurrencies in general. they increased their holdings to 105,000 bitcoins worth $3 billion. as cryptos themself is sell off ecosystem of cryptocurrency sells off.

stuart: the top pick, seltzer stuff. lauren: the bars are open. stuart: do you think truly in a bar? lauren: i don't know. i haven't been to a bar. stuart: big hour coming up in a couple minutes. look who will be with us, steve forbes, pete hegseth, ceo of cofounder of genetic site 23andme. a lot more. law and order, the most important big issue for big cities trying to make a comeback. it is not going well. that is in "my take" which is next. ♪. the world's first fully autonomous vehicle is almost at the finish line what a ride! i invested in invesco qqq a fund that invests in the innovators of the nasdaq-100 like you become an agent of innovation with invesco qqq

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>> history shows that clearly you always have a sharp rebound after a period of maximum angst. the markets are pricing in, you know, rate hikes down the line, so long rates are suggesting that inflation is, in fact, temporary. >> i don't know that last week was an inflation scare. i think it was just another tantrum. the market gets upset when there's something that the fed might actually provide a little less stimulus. i mean, come on the economy is absolutely booming, and i expect there will be more of them moving towards tapering, cutting

back the purchases, and raising interest rates. >> texas is probably the energy capital of the world and yet they are running out of it that's why it's like eskimo running out of ice. it's bad policy causing this energy crisis right now in texas. >> ♪ its been a hard day's night ♪ stuart: [laughter] oh, love those beatles and there you go, one of the great songs, it's 11:00 eastern time, and you're looking at new york city, it is monday, june 21, and now you're looking at the market, which is a very solid rebound, anyway you slice it. dow is up 527, and the nasdaq has come right back again, now the nasdaq is up 84 points, and up 50 on the s&p. that's a solid gain. 1.25%. the yield on the 10 year treasury has gone right back up again, it's now at 1.49% up 5 basis points, as we say.

now, this. law and order, the most important issue for cities trying to make a comeback, and do you know what? it's not going well. look at this. anyway you slice it there's a it big city crime wave, a frightening proportion. why risk the commute back to a city where violence is surging? look at this. the front page of the new york post, let them loot. the authorities in new york have decided to throw out almost all of the charges against looters who trashed businesses during protests last year. they say they don't have the evidence to convict. well that's a real breakdown of law and order. san francisco businesses, closing because shoplifting up to $950 worth of stuff is now just a misdemeanor. what a mess, and what impact. cities desperately need people to come back, but so many big city mayors demand tax increases

and/or defunding the police. that's how they get elected. beat up on the rich, beat up on the police. it might get them re-elected but it's a disaster for the city, and for the very people they say they are protecting. we've had a lot of discussion on this program about just how many people will not return. how many won't come back? my guess is 10%. people making serious money, more like 15%. imagine what that would mean for cities finances. serious trouble, and they were already in financial trouble before the violence escalated. look, this is a real tragedy, and the worst of it is, it's a self-inflicted wound, worse yet, the left does not care. just so long as they get re-elected. third hour of "varney" & company rolls on. steve forbes joins me.

steve forbes is a new yorker, and he's with me as of right now what do you make of this? i mean look, i think that the biggest problem for the cities, to bring people back and get the cities going again, i think the biggest problem is fear of crime. what say you? >> that's absolutely right. it's quality of life. as you know around the country, homicides, murders are up 25% last year, new york was up 40%, and rising again this year, but it's not just the ultimate crimes like that. it's the quality of life. the fact that people are doing bad things and the people know that they're not going to be punished, no bail, what happened in washington square where they arrest them and release them that's a formula for as you point out disaster and you only need a small number of people not to come back or choose not to move to the city, and you've got a crisis on your hand, as soon as you get any kind of slowdown, which happens from time to time, those city financials are going to be knocked through the roof and yet , you have the dictats

telling police in some city, don't chase, don't go after criminals on foot. and in one city they want to have you call a supervisor, a police officer, before he can get foot chase to a criminal or alleged criminal. this is just in sane, and we're all going to pay a price for it, because when cities don't do well, it hurts the rest of the country too. stuart: i'm glad we're in agreement with this , steve because it's a real problem but let's get back to the market because we've got a rally on our hands. do you believe the fed, when the fed says inflation is just temporary? >> a lot of the price rises are temporary from the disruptions brought about to the supply chains and everything else from the pandemic, but the key thing is what happens is these things are sorted out in the next say year or so, especially as we get rid of these perverse incentives on not hiring people or having people not do better not working and then by working but the fed, unfortunately, has given no indication, stuart, that they understand inflation,

ultimately comes from creating too much money, and that's going to be the danger when these spending bills go through and the fed keeps turning out the money, they say inflation, oh, we only want 2% but you can't control inflation like you can a thermostat, so i worry not about transitory, what happened to lumber now lumber is coming down as the pandemic goes away, but i worry about what the fed is going to do in the next year or so. i don't think they understand what they are doing and so i think the markets are miss reading this , it's the fed that's going to be the problem and we're going to pay a price for it and higher prices and ultimately a stagnant economy. strategist it's an incredible experiment we're doing here. >> and we're the victims and the mice and it's not right. stuart: maybe going over the cliff, steve forbes, always good. thanks for being with us, sir we really appreciate it. >> thank you. stuart: how about this? a straw poll shows florida's governor desantis beating former president trump in a potential

matchup, in 2024. this poll was conducted at a conservative summit and as the support levels that you can see right there on your screen. look whose here? pete hegseth. what do you make, frankly, i'm it i'm not surprised that governor desantis is out front, because that man has made such a success of coming out of the pandemic and getting the state of florida, getting going again. i'm not surprised, are you? pete: i'm not surprised either, stuart. he has been the closest state level equivalent to president trump in putting florida first and the reflection of america first, but this poll is not bad for president trump. all of the top 12 vote-getters you could vote for multiple people, were pro-trump. there's always a fraction of people that rub the wrong way a little bit by the way he operate s, so maybe less people voted decisively for trump but overall, trumpism overwhelmed and ultimately governor desantis knows, should donaldru

choose to pursue the nomination? he's the front runner by far, so this is a reflection of trumpism and its manifestation, not bad for trump at all. of course the media will run oh, desantis is passing trump, desantis is still, as the rest of the mark, disciples of what trump put in place and ultimately it's his nomination to be had but it's a sign the republican party, the conservative movement embraced what donald trump chartered the course for. stuart: would you like to pass judge the on mask-wearing? i've been doing a lot of traveling recently. in florida, virtually nobody is wearing a mask. everybody is happy, smiling, you can see the expression on their faces, it's free, it's open. pete: yes. stuart: i go to new jersey and i have youngsters walking down the street all in masks even though there's no mask mandate, same in california. they seem to be a political division on wearing a mask or not wearing a mask. in red states, they don't wear masks. blue states, they wear masks. can you account for that? pete: its been that way all

along. listen i'm fine with it all, as long as there's no mandate. don't make me wear a mask and i'm cool. if these parents want to decide their kids already at 000.000% risk need to wear a mask that's unfortunate, i can't do much about that, but there is. we've heard some left wing members of the press and elsewhere admit that they say hey, the mask is my signal that i care more than anybody else. i'm going to keep it on even though i've been vaccinated. it is a red/blue divide. find somewhere you don't have to wear it which is pretty much everywhere except for the airport. about the only time i've put a mask on in the last six months. stuart: [laughter] yes, funny you should say that. all right, pete, look. no interview with pete hegseth is complete unless you talk about bitcoin. the thing is, well look -- pete: it's outstanding. stuart: he's ready for it rubbing his hands, okay. look it's down to $33,000 per coin. couldn't hold at 40 or above, are you getting worried? pete: i'm not.

here let me make a disclosure for your viewers and everything. i've been much of a philosophical lover of bitcoin than the economic side. i love the fact that it's revolutionary, that it challenge s power structures and cuts out the banks and creates opportunities for individuals. it is, in that sense, it is and remains revolutionary. there's no surprise communist chinese would crackdown they can't control it so where they are mining it in china will get moved elsewhere, the fundamentals are still strong as steve forbes pointed out in the previous segment, the government keeps printing money, fiat currency, which means overtime, i think bitcoin is still a strong hold. i'm still very bullish about it but like anybody else you watch it go down from where it was at 65, there's a temptation, but for those that can hold, i think it still remains a great alternative for freedom lovers. for me it's about philosophy. that's why i get so fired up about it. stuart: i knew you'd say that you're a good man, hegseth i don't care what they say i think

you're all right pete: [laughter] don't listen to them. stuart: come see us again soon, pete always good. pete: you got it, stuart. stuart: did you know that this is amazon prime day? started about i think about 10 hours ago. it could bring in more than last year. last year was a $10 billion worth of products sold. this year, they are hoping for $11 billion or more. the stock is actually down just a fraction, about a quarter of a percent. let's check on some of the competitors though, that will be target, walmart, bed, bath and beyond. they are holding their own sales eventsoday to counter amazon's prime day, all of them are up. microsoft, it just hit an all-time high, yes, i do own a thin sliver of it. never expected it to go to 263. i was buying it 20 years ago and i didn't sell much of it. 263, microsoft. it's a good day. big show still to come, it's the first full day of trading for 23 and me, we know about

their genetic testing what's next for this company, i'll ask the 23 and me ceo coming up. canoe, electric vehicle startup, setting up shop in oklahoma going to manufacture there. i want to know, would they expand in a democrat state? would they? i'll ask him, but first though, michigan opens up tomorrow. why so late? third hour of "varney" just getting started. >> ♪

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stuart: that is detroit, and it is 71 degrees there and it's rather cloudy but that is detroit. michigan opens up 100% tomorrow. governor whitmer announced all restrictions will be dropped, as of tomorrow. congressman is with us a republican from the state of michigan and he joins us now. congressman, why did it take so long for michigan to open up fully, when everybody else has been doing it for months? >> well, stuart, good to be with you, and as you well know, lots of discussion about science this clearly was political science, not hard science that was driving a lot of the decisions of the whitmer administration. stuart: so it's politics that's kept it shutdown for so long. but look, your state, michigan, shares a border with canada. that border, we are told, will not reopen until what, july 21 i think it is? so question one is, why is that border closed and number two, what can you do about it?

>> yeah, well, we're actually on a bipartisan basis, i'm working with brian higgins, from upstate new york, co-chair of the northern border caucus, i'm the co-chair and he's also involved in this. the u.s. ipg, the inter parliament after it group it's the official exchange between u.s. congress and the canadian parliament and we're working with some of our canadian parliamentarian friends to try to push the trudeau administration as well as the biden administration to get this border open. we've been able to open it, or they've been able to open it, for business going back and forth. could be agriculture, could be manufacturing but there's a lot of folks that are missing families, that are missing out on cultural opportunities, and there's an estimate here in michigan that 20% of all the golfers in upstate michigan in the summertime come from

canada. think about that . that's a huge part of the business that we have here, because it's based on recreation, so we're trying to push both sides of the border, my partner, brian higgins referred to it as bs, and not quite using the acronym and he's a democrat by the way, talking about the biden administration's decision on that, so there is a huge impact, not just culturally but economically that we're missing out on. stuart: can we just go back to the question as to why trudeau did this? it was his call. he's the one who said look, well into july before we open it again. why did you do that? >> yeah, it's a good question. much like here in the states where we've seen politics dictate a lot of the ad hoc decision-making. i think that is also happening in canada and frankly, citizens have got to have their voice be heard, and that is, that's

hopefully getting a little more traction on both sides of the border. you know, i just did an interview with cbc, the canadian broadcast company, and they were kind of taking a shot at some of the vaccination rates here in the united states. well first of all, they're higher than what they are in canada, and it seems to me, we've all quit talking about herd immunity which is immunization both i'der through a vaccination or through natural means by having covid, and it just seems to me, if we can do this for business, we should be able to do this for individuals who need to go across and see elderly parent s. attend a funeral. go and check in on their property, or even go and enjoy a concert or go like they do here in michigan, so it can be done. the question is why? and i don't think there's been satisfactory answers on either side of the border as to why its not been open. stuart: congressman i'm really tired of living in fear. don't want to do it anymore. good for you, see if you can get

that border open. thanks for joining us, sir we do appreciate it. many thanks. now this , got some numbers for u2 .1 million people pass through tsa security checks on sunday, that is the biggest crowd since the start of the pandemic. we're moving up. airlines though, dancing to different drummers, most of them are lower today. speaker of airlines, i want to say good morning to ashley webster who joins us now. why is american airlines canceling some flights going into july? ashley: yeah, good morning, stu. well, two things. mother nature and a labor shortage. american says it's going to have to cancel around 1% of its flights next month, because a surprise up-tick in travel demand has seen the airline basically struggle, because of weather delays and yes, lack of workers at some of its hubs. american says cutting flights will bring what it calls more certainty to its summer operations. the carrier says the cancellations will be at airports that have multiple alternatives and by the way, you

talk of traveling. according to the tsa nearly 50 million airport passengers were registered in may. that's up 19% from april and so far this month, nearly 35 million air passengers have been recorded. there is no doubt the travel industry is rebounding, stu? stuart: no doubt about it. i was traveling over the weekend and there were long lines at the tsa counter. long, long lines. thanks a lot. more recovery news for you. we work, that's the office sharing company, they say more people are coming back to work. okay got it. look at this. total occupancy rose to 53% in may up 3 points from march. look, i don't think that's much of an increase quite frankly. wework says they vacated 17 buildings and renegotiated 51 leases in the last two months. i don't think that's a huge return to work on the part of we work people frankly. we got a rally and our hands-on wall street, look at that the dow is up 520 points, those

are the dow's biggest winners, headed by american express which is up over 3%. the s&p 500 winners, they are headed by cf industries, they are nicely higher. don't know, l brands parent company of victoria's secret, they are up a 4% gain, nasdaq winners, ross stores, they are at the top there, not sure i know the other ones, cintas, the uniform people at the bottom there, they are up 2.3%. dogecoin sponsors a car in the nascar race in nashville. how did it do and did it help the price of the dogecoin itself we're going to get into that. first though, canoo, the electric vehicle startup, wants to create 2,000 jobs, a manufacturing plant in oklahoma they are going to build it. how are they going to fill those positions? i'll ask the ceo, he's next. >> ♪

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stuart: okay, i can't drive 55, [laughter] okay what you're looking at there is west silo springs to be precise it's in oklahoma about 80 miles outside tulsa, 64 degrees right there, right now and it is, yeah, sorry it is raining. check those markets, all right, big rally dow is up over 500 points, nasdaq is up nearly 90, that's a rally and a half. the 10 year treasury yield, that has gone backup to 1.47%. the price of gold way below $1,800 an ounce you're at 1,784 right now and bitcoin trying to hold around 32-$33,000 this morning, got that. now, let's go back to tulsa, oklahoma. that's where the electric vehicle start up canoo will be building a new factory. tony aquilla is the ceo and the chair of canoo and he joins us now. tony i have to ask you this , forgive me for asking this. would you ever consider building

a manufacturing plant in a democrat-run state, like california or new jersey or new york or any place else? you're laughing but you know what i'm getting at. would you build a manufacturing plant in a democrat state? >> well, i think, you know, certainly we looked at some of the contenders and actually one of them was a democrat state that had a very forward-looking governor, but the majority of the states that actually really leaned into create more jobs was a disproportion at republican states, that's true. stuart: why am i not surprised and sir you're a great diplomat. you answered that with great diplomatic skills, you really did. now as i understand it you've got a target date of 2022 to be producing the electric minivan. i think i've got that right. now, musk was, elon musk, he was able to go from start-up to

building the factory to production line moving in less than a year. you propose to do exactly the same but canoo in oklahoma. >> yeah, we took a two-phased approach tone sure that we could deliver vehicles to the market. we partnered with the dutch in the netherlands to do our contract manufacturing which then would become our site to ship vehicles into europe, but while we're building the factory in prior, oklahoma and training up the workforce and doing everything, it's really a happening place there, and it's very similar to what we saw when we moved here to texas in 2008 and 2009 so i think the environment there in oklahoma and arkansas and those areas are very on the up-tick for advanced manufacturing activities, but yes, we're on target and we're, you know, we have an over/under

strategy to ensure we deliver on time and factories can take 13- 18 months depending on a set of factors that could be affect ed by the covid kind of backup. stuart: what about labor supply? virtually any industry you look at in america today, they've got trouble getting people to come and work. how about you guys? >> we took an approach to pay the current administration is very focused on $15 an hour, it's kind of a minimum wage. we're going to be, you know, nicely above that and so look, i think if you want great workforce, you got to motivate them and you got to put them in a place where they can own homes and raise their children, have great schools, and this was a big part of the way we picked these states, and of course, obviously, the incentives that

would help us, but in the state of oklahoma they brought the universities to the table, i mean, they just brought so much. the governor is, he's an entertainment entrepreneur and he really wants to, he's got a great window and a platform to make oklahoma production and high-tech environment and they're producing at the two universities a tremendous amount corps of engineers, so i think we made all of the right decisions and we're pretty excited about it. stuart: well we wish you the very best of luck expanding production like this in the electric vehicle marketplace , the best of luck to you, tony and come and see us again and tell us how you're doing with the factory and how it's going, will you come back? >> we look forward to having you and do another segment on us as we're breaking ground. stuart: so good to me, thanks very much, tony aquilla we will see you then thanks a lot, sir. now i want to move on to general motors show me the stock just shy of $60 a share.

they are going to expand their hydrogen fuel cell business, going beyond electric cars. going to hydrogen fuel cells, gm is looking at using that technology in trains and airplanes, the stock is, again just shy of $60 a share. let's get back to lordsdown motors notes of trouble for them, and then ashley what's this about executive selling stock ahead of the earnings report? ashley: boy the news just doesn't stop coming from lords town. yes, five top executives including the company's president and his former cfo sold more than $8 million worth of stock over three days in early february. lordstown motors went public if you remember in october gave its first financial report in mid- march. securities say it raises some questions about the company's internal controls, but earlier this month, a special committee formed by the lordstown board concluded that the stock sales " were made for reasons unrelated

to the performance of the company" but, earlier this month, that same company, lordstown amended its annual statement and said it lacked the funds to begin production and might not be able to continue as a going concern both its ceo and finance chief, by the way, stepped down last week. to say there's a lot of turmoil be an understatement. stuart: $10 a share that's what it's down to 4% lower today. now you got headlines from first of all, the weekend's nascar race, in nashville. what's the headlines? ashley: yes, well let's start with who won, kyle larson won the 400, third consecutive win after three consecutive runner- up finishes. he's a hard driver hasn't finished worse than second since the beginning of may. meantime, the dogecoin themed race car crossed the finish line side way, didn't mean to after hitting a wall, and it's somewhat reflected the cryptocurrenci' performance over the weekend. that says it all right there.

so the chevy camaro finished the event in last place but dogecoin supporters actually grateful. why? well they are giving at sorts of coverage and publicity but the crypto itself fell 14% as you can see over the weekend. stuart: i've got a story on the tokyo olympics. they will allow local fans, no international visitors but local folks can be there. there's going to be a 50% capacity limit in every venue, that means no more than 10,000 people at any event. cheering is not allowed. the olympics begin on july 23. ashley, i want to bring you back again. i want to talk about the u.s. open. john rahm, first time winner on father's day, loved it. ashley: yes, lots of cheering allowed out on the west coast, john rahm, the first spaniard to win the u.s. open, birdieing the last two holes winning by

one stroke, over the south african but what a tremendous performance on father's day, got to celebrate with his newborn son and wife, but it takes, you know, so much golf is mental. don't forget, just two weeks ago , he had a six-shot lead at the memorial in ohio but after the third round, he tested positive for coronavirus and had to be pulled from the tournament so he's had a lot going on in his life but do you know what? nerves of steel always win the day, stu. stuart: and do you know what i saw for the first time? people in restaurants and bars or at home betting on the golf, the u.s. open, betting on the golf on their mobile, while the event was going on and i think that's a new thing, a mobile gambling is the big new thing in sports. it's on its way. ashley many thanks how about this one? a brand new restaurant opening in chicago today. the owner thinks this is the perfect time to open and that the summer "will be crazy."

we'll talk to that owner, after this. >> ♪

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>> ♪ stuart: that is chicago, 66 degrees, and cloudy in the windy city. please show me wing stop. they're launching a virtual restaurant called phi stop, instead of chicken wings they're selling chicken thigh, their way of dealing with an ongoing chicken wing shortage the stock is up 1.6%. uber buying the remaining stake in the online grocery store corner shop, uber acquired 53% of it in 2019 and they are buying the rest. doordash partnering with a grocery chain all berkshire hathawayson's to offer, wait for it, same day delivery,

doordash up 4.5%. chicago back at full capacity and we've got a new italian restaurant adalina, opened its doors, as of now, just opening up. phil sudak is the co-owner of av alana. phil, you're taking a risk here i would say, only just opening up a lot of people reluctant to come back to the big cities there's a labor shortage, et cetera, et cetera, why are you opening a new business now? >> good morning. you know, we're optimistic on the resilience of chicago and think it's a great time for us. we are thrilled to be part of the gold coast community. we go out quite a bit in the neighborhood and think it's a great time. a lot of people out dining, spending money, enjoying their time after the pandemic. stuart: is there any difference between the way you run a restaurant now compared to before the pandemic and before the lockdowns? >> absolutely. definitely there's a lot more

differences in safety protocols, for employees and our customers. we have sanitation stop as well, constantly sanitizing the restaurant, we've put a air flow system in as well to really help keep the guests safe and employees safe as well. i've put in a wall system throughout our second floor to open out the whole space to give a sense of security, a sense of focusing on the customer. stuart: i've seen some interesting developments in pick-up or delivery. that seems to be a successful maneuver in some restaurants. are you going to enhance your pick-up and/or delivery system? >> absolutely, but we already have put in place, our grand opening is today at 3:00 p.m., so starting today we'll be doing pick-up and delivery as well partnering up with a couple local people and in talks with right now to deliver the neighborhood and get our feet under us a little bit and stabilize and be offering full delivery and pick-up service as well. stuart: is this i take it not

your first restaurant. no you and me both. i've been doing restaurants for 23 years off and on, and this is my first venture by myself, and i have a lot of experience in chicago and in the las vegas markets. stuart: have you bet the farm on this? >> so to speak, it's definitely a lot goingn, a lot of passion myself, my partners have a lot of trust and passion in our neighborhood and chicago itself and the resilience of the market here. stuart: phil we want to wish you the very best of luck. i really appreciate it. stuart: you're a brave guy to put your own money, your own time into your project at a time like this. obviously you've taken a risk but we want to back you 100% full support, we think you're doing exactly the right thing great to see you coming back. >> truly appreciate it thank you so much. stuart: talk is cheap i should come out there and order a nice dinner from you. maybe i will. >> you should, you should. stuart: thanks for joining us,

sir and again, the very best of luck. >> appreciate it. stuart: sure thing. speaking of restaurants they are the latest independent to be hit by the chip shortage. not potato chips, certainly not. grady trimble is at a restaurant in chicago and i want to know, grady trimble, how does a restaurant suffer from a chip shortage? reporter: it's these point of sale systems, stu. you've probably seen it where your waiter or waitress takes your order outside and then it sends it directly back to the kitchen where they prepping the food but here at corcoran's and a lot of restaurants all over the country you're having a heck of time finding these things this is kristin vaughn one of the owners >> yes, we ordered them in february and just got some of them in which we're glad we have them and glad to be open, obviously we're glad that the restrictions have been lifted and we're open and these devices allow us to do more with the staff, which is what we're facing right now. reporter: that's really critical you're seeing meat prices go up, seeing a labor shortage and so having these really speeds

things up because they can hit multiple tables, without having to run checks back to the kitchen. >> and they can also provide the check to the guest without having to go get the retaliatory, so the whole thing is speed of service. reporter: i've got to ask you too about the labor shortage. you are having a hard time finding workers like a lot of restaurants are? >> it's difficult because people in our industry have chose maybe due to the two shutdowns that we experienced to go to different industries like grocery store chains or other areas that weren't shutdown. reporter: these things help speed that up. this one is made by toast, a lot of restaurants use these, stuart we did reach out to toast to ask how the chip shortage is impacting production. we did not hear back from them. stuart: who have thought retaliatories hit by chip shortage, good stuff. grady trimble, thank you very much indeed, good story. food suppliers, they're dealing with the shortage, of delivery drivers. ashley? what's this about renting driver s? ashley: shortages everywhere, stu, in fact, some of the food suppliers in new york so desperate for drivers to deliver

their goods. they're hiring out of state truckers, putting them up in hotels in the bronx, no less, because they can't find local drivers in other cases, they are using middlemen to recruit drivers at top rates and all of this driving up, you know, costs more consumers. now, drivers with commercial driving licenses, this graphic will prove, making out like bandits. easily making $3,000 a week. i'm not saying they are bandits, they are just doing as well as bandits, plus signing bonuses up to $15,000 in the foodservice industry alone, there's a shortfall of 15,000 drivers of more than 17,000 warehouse workers. one trucking outsourcing company says revenues were on track this year to jump, wait for it, by 600%. if you're a driver you got a commercial driver's license, you can pretty much laugh all the way to the bank, stu. stuart: yeah, you really, shortages shortages everywhere, all right, ash. let's get back to the market.

i'm going to call this a very solid rebound. the dow is up 1.5% that is 520 points. that puts the dow back to 33, 800. 23 and me went public last week. i've been around since, well they've been around since 2006 with dna analysis from home i want to know, what are they going to do for me in the future 23 and me, the co-founder is with us, next. >> ♪ who can it be now? ♪ that building you're trying to buy, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you see it. you want it. you ten-x it. it's that fast.

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>> ♪ stuart: that is the intrepid former aircraft carrier now a museum, new york city, 80 degrees and cloudy right there. all right, take a look at this , 23 and me, that's the stock, on your screen. it's down today, 5.5% it went public just last thursday. it was a spac deal with sir richard branson. the ceo and co-founder of 23 and me is ann wojcicki, and she joins me now. ann, congratulations on becoming

the newest self-made billionaire , let's get that out of the way, congratulations indeed. can you just give me 30 seconds on what makes 23 and me stand out from similar services? >> oh, actually there's nothing else like us. 23 and me is really about empowering individuals to get access to their genetic information and learning about their ancestry and their health, and then bringing everyone together really crowd sourcing a whole new way of research, that is going to do research and drug discovery, so there's really nothing else out there that is like that. that is very holistic that gives people the ability to really understand the human genome and is really starting, step one, in personalized healthcare. stuart: okay, now, you've been around, the companies been around since 2006 doing this kind of genetic discovery. what do you have for me in the future? what are you going to do for me, a couple of years from now? >> it's exactly what we just we

were talking about here is personalized healthcare. genetics is step one. so if you really want to have personalized healthcare, you have to first know how everyone is different. so it's kind of like when you sign up for netflix or you sign up for almost everything that we do today uses data, and personalizes the experience for you, but healthcare is still very much of a one-size-fits-all kind of experience, so that's one of the things that we're really looking to change is how is it that you use for genetic information and you understand that inherent in each person is you have risks and that means some of us are actually just more likely to eventually have melanoma or to have heart disease or predisposition for alzheimers and that there's potentially ways that you can modify your life to potentially prevent or to better treat in the future. stuart: so it will be totally personalized medicine, based on your dna characteristics? >> that's what i, when i think

about where the world can go, and i look at, for example, my sisters and i, how we can actually look at them, look at their dna and say you all have different risks. how are we now going to be proactive about really helping you live the best life you can, because if you think about your health, it's not that you wake up when you're 50 and suddenly say oh, now i have to take care of myself. your health is a sum of what you've done everyday, so really helping people think about how actually they're living their life and what those risk factors are so they can put some attention there. the second thing for 23 and me i just want to emphasize when we bring people together, we have over 11 million people. the power of this research now is amazing, and what we're doing is we're translating all of those incites into therapeutics, so if you do have a condition, that we can actually then understand based on the genetics and then develop a drug that is going to be able to treat or cure. stuart: this is fascinating please come back and see us again when i've got more time.

anne, congratulations, great to see you. do come back. we appreciate that. thanks very much. >> anytime. stuart: all right i've just got time for monday's trivia question. [laughter] what is your body's largest organ? all right, define organ. i don't know the answer to this , maybe you do. back after this. . . nobody builds 5g like verizon builds 5g. thousands of engineers taking business to a whole new level. employees are empowered. customers are engaged.

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stuart: what is your body's largest organ? answer the skin, oh, please. your skin makes of what, 16% of

your body mass. two millimeters, covers 22 square feet. what nonsense a organ is collection of tissues that form a particular function. i guess the skin qualifies, not in my book. but in the book of our producers the skin is the largest organ. jackie deangelis in for neil. jackie: thank you, stuart. i actually got it right, as skin is the largest organ. you're not buying it. jackie deangelis in for neil cavuto. markets kick off the week in the green. some headlines we're watching for you. california is the largest state that residents require proof of job search to receive unemployment benefits but does it go far enough?