maria: thank you to steve moore and mark tepper, great to be with you both. have a good day and thank you for watching. "varney and company" begins right now. stuart: good morning. the market keeps going higher. for over 10 years stocks and gone up. every time there was a dip, even a massive selloff last year stocks bounced back. i think this program invented the attrition by the dip. that is what all the analysts on this program have been saying and they were right. you bought the dip you probably have done very well and here we go again. the dow will open with a gain

of 140 points, pretty much a full recovery from last week's dip. the s&p up 18 and a nice gain for the nasdaq, up about 80 points at this point. did you buy the big tech dip? if you did you have been reawarded by assault rebound which puts microsoft, facebook and google at all-time highs. this is happening as congress debates raining them in or breaking them up. the cryptos fairly quiet. bit coin moved up to the 34,000 level when a new fund would put $2.2 billion in 2 crypto investments. the socialists left out the bipartisan deal on infrastructure. it is not a done deal yet, 21 senators from both parties have tentatively agreed on roughly $1 trillion plan. they will go to the white house to say if the president would go along with it.

bernie and aoc are not happy. they want $6 trillion was vice president harris will go to the border but only to el paso which is hundreds of miles from the rio grande valley which is the center of the migrant surge and she will only be on the ground for a couple of hours. does anyone believe she would be going there friday, tomorrow, if donald trump wasn't going there next wednesday? wait until you see this one. ashley webster out and about in florida investigating closed whisper listings in the superhot real estate market, he's there and covering it, thursday june 20 fourth 2021, "varney and company" is about to begin. ♪♪ stuart: you've got it right.

we were waiting for the music. there was some blank air but we got it. susan was right. she figured it was kanye right from the get-go. >> you did too. stuart: let's look at the futures because we will see some green and we would like to season green. the dow is up 140, solid gain for the nasdaq, it is up 80 points, half of one%. look who is here, dr barton, same old same old, you buy the dip and do well. is there no end to the big tech run up? the big tech run up after the dip? >> i think for the near and intermediate term there is no end to it. we've got some antitrust head wents coming. if you look at the history of antitrust, back to standard oil

it takes a long time, we are talking years, almost a decade to get those kinds of things going so what we have here in the near to intermediate-term, you've got to buy every gift. quick numbers, 9%, 10% for apple, 11% for amazon, 15% for facebook, 11 for google, 11 for microsoft, that is how much they pulled up since we were talking about this very thing in mid-may. stuart: in mid-may we were talking about buying the dip and dip down and since mid-may it is now the end of june all the stocks you mentioned have gone up double-digit percentages. that is extraordinary, isn't it and you say there is no end insight. amazon, apple, facebook, microsoft, all of them go up from here? >> i believe they do. i believe we have more upside in this little rally. last week gave us some

technical relief from the previous move up. i believe we have more upside. for those more conservative investors and traders you can wait for the next dip but this is going to continue through the summer and i believe to the end of the year. stuart: you have a strong stomach, nerves of steel to advise clients to keep getting back in, that takes a strong stomach. hold on, i want to discuss another company which i think is the next big tech, nvidia on your screens, $768 a chair, biggest chipmaker in the world. >> smc is the largest one, worth $100 billion but nvidia has a valuation of $450 billion. the reason it has been up is we are running into the stock split as the market closes on july 19th and also they are

getting into the best lines, how they made their name, the cloud, self driving, bitcoin mining, getting into the right type of businesses. the founder and ceo of nvidia, one caveat is $40 billion arm deal. a lot of people say you need us, uk, eu, china approval of the merger and a lot of people don't think that will happen given a lot of these governments voice their concern. stuart: is that your only dark cloud on the horizon? >> i think that is about it. stuart: you and i have been talking about this since the announcement and that has gone straight up. >> when you sync your stock on tesla or apple, what i found interesting about this $40 billion arms deal, a lot of that into the stock price, this is running on fundamentals. stuart: come on back in, dr. do you think nvidia should be

considered a big tech stock? >> it is getting up there in those valuations. three years ago we were talking about the half trillion dollar mark as the watershed for the highest companies, now we've got two over $2 trillion. they are pushing right back up there, and i believe they are acting with the revenue going forward, the revenue continuing to expand, the broad product catalog. i believe they are a stock we can put in that category. stuart: what about palantir? what is so good about it and where is it going? >> i think palantir has a great two to five year window that you will be very much rewarded even after buying it. those who bought the dip like we talked about months ago are going to be really happy

already. i believe this company, at their small level, $1.2 billion of revenue per year, they grew last quarter 49%, not really pandemic recovery related. they do something they have a niche that no one else has in data analytics. they are not big cloud data, they are making sense of the data for the military, for companies, for governments and growing their private side of the business faster than the government side. this is one you can put in your portfolio, close your eyes and look back 2 or 3 years from now and be very happy. stuart: two or three years from now who knows where i will be be? >> same seat probably in 2 or 3 years. stuart: that is not true. i have no comment on that.

how about bitcoin? last time i checked, it was almost 34,$000, anything new? >> how do you pronounce it? horwitz, i love the european flair, the largest ever crypto fund ever to be established, $2.2 billion. as i mentioned, it is the gold brand, people pay attention. they did so $400 million in their coin base shares, they were an early investors in that coin base. in terms of bitcoin itself, jpmorgan knows their value to them is 23,000 to 35,000, 25,000 when you shake out the nonbelievers and maybe back in the price. the bond king waited into the debate over crypto, 30,$000, we

closed below 30,000 for bitcoin, that is where you can see algorithmic training, that is when the algorithms kick in and we could see lower prices. stuart: you stay below that. stuart: 33-8. the opening up deal. >> grayscale as well, grayscale the bitcoin trust, some selling in that, might suppress bit coin prices. stuart: you make that prompter go crazy. however, we've got some earnings reports that came out early this morning, let's start with the parent company of olive garden, how did they do after the pandemic? >> there's a lot of garlic bread now.

foot traffic almost doubled from last year so it went up roughly 90% or so. stuart: do you know specifically that darden restaurants are selling more garlic bread? >> it is speculation but very good speculation given the free garlic bread they give us. stuart: right aid, the drugstore chain. >> they made twice as much money as wall street forecasts the first 3 months of this year, sales came in short. when sales come in short, also profits coming in higher, probably a cost-cutting game. stuart: down 12%. >> accenture, it says accent right there. >> a lot of golf tournaments, easily beating -- increasing demand for work services and

shifting to a hybrid work model. business is doing better than anticipated. stuart: it is up 4% right there. thank you. let's get back to the green, futures and the green. that is why we are smiling so much. really close to 34,000 on the dow jones industrial average, we are covering this for the next 3 hours. the question vice president harris tried to avoid, role tape. >> do you have any plans to visit the border? >> do you commit that you will visit the us-mexico border and do it soon? >> when are you going to the border? stuart: after all that pressure she is finally headed to the border, 93 days after tapped to lead the border crisis, before donald trump goes there next week.

did you catch president biden's speech on crime, gun violence? hope you caught it. here's how the new york post feels about it. we will play you a clip so you can judge for yourself? people hegseth has something to say about it and pete is next. obsession has many names. this is ours. the lexus is. all in on the sport sedan. lease the 2021 is 300 for $379 a month for 36 months. experience amazing at your lexus dealer. that building you're trying to sell, $379 a month for 36 months. - you should ten-x it. - ten-x it?

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look at futures, lots of green, the dow, s&p and nasdaq on the upside. big tech doing well yet again. close to record highs are at record highs for a couple of the stocks and going higher at "the opening bell" this morning and then we have jpmorgan ordering workers to fill out a questionnaire on their vaccination status, they will do it by the end of this month. the company plans to have workers back to the office july 6th. this comes just one day after morgan stanley banned unvaccinated workers and their clients from their new york offices, sounds ominous. president biden spoke about crime in america but struggled through the speech. look at this. >> the blood of patriots and all the stuff about how we have to move against the government.

what has happened is there have never been, if you think you need to have weapons to take on the government you need f 15s or maybe some nuclear weapons. cognitive behavior therapy, police chief marie of the baltimore -- excuse me, chill -- police chief murphy of baton rouge, louisiana. stuart: and there is this headline this morning in the new york post. is no one going to mention how confusing and out of it biden was? pete hegseth with us, this is very difficult. we are talking about the performance of the president of the united states of america, what do you say? >> i was watching that. it was embarrassing. it was sad. clearly confused, maybe the

staff hasn't learned to work around naptime. i have learned to be condescending. he is so lethargic, so lost, so confused, his sentences were winding and meandering, the press conference was supposed to be about what he was going to do about crime but all he did was talk about guns and how they are for hunting and we don't understand the second amendment and didn't do anything to assuage our concerns about what is happening in our cities with the massive crimes bike, he looked confused and his so-called solutions were upside down. it was all bad. if this was any republican. if this was donald trump it would be wall-to-wall. otherwise it is just wednesday for president biden. stuart: i would like to see somebody other than fox address the issue of the president's performance, i would like to see somebody -- what is wrong with the president of the united states when he performs like that? i would like to have an answer to that. >> what is wrong, what happens

when the next big inflection point, the next big decision, the next international crisis is there, is he capable of weighing all the options, understanding if it is existential, outboard it is, that is a legitimate ask and think about how many times, i am not calling for this but using it as a comparison, think about how many times the 20 fifth amendment was invoked about donald trump time after time after time after time over any little thing, walking down a ramp, they won't even talk about the capability which you as reporters can ask about. stuart: i guarantee no other network is talking about this at this moment, nobody will be talking about this. we have vice president harris. she's going to make her first trip to the border. she's going there tomorrow, just ahead of donald trump next week. she really does not want to go, does she? >> know. she's going only because donald trump is going the week after

on a trip invited by the governor of texas. she's going to the border as john cornyn has pointed out, as far away from the epicenter of the problem as possible and also you know it will be a tightly scripted, as cocooned as possible so she gets the version she wants to spin. this is not about true problem identification. if she get about problem identification she would ask border patrol where is it -- what platoon leaders do, where is the decisive point? i want to see it for myself. it is not about that for kamala harris, she never wanted to be in charge of the border. this is a dog and pony show, and it will change at the border. millions of people come in illegally. stuart: bitcoin didn't stay

below 30,$000. >> i would like to see it more. it is nice to see you come up above 30. the mayoral race, to make new york city the center of bitcoin's work for miami, dictatorial regimes shutting it down, mayors in america doing that. stuart: new york city, that would be something. futures pointing higher across the board. ♪♪

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stuart: the market opens into and a half minutes and open on the upside, futures pointing in the green.

same old same old, you buy the dip and come out strong, you do that, coming out strong. >> the nasdaq and the nasdaq 100 have broken out in a trading range and a lot of big names are breaking out also and that is good news. we have 3 or 4 weeks before earnings. i suspect we are getting some upside testing. months ago i told you we would get 17,000 nasdaq and with this breakout, it will take a lot of good earnings reports in the next 3 or 4 weeks. if they start typing, all bets are off. stuart: did you say 17,000 on the nasdaq which is currently at 14,000? i can't do the math but it is 20% up from here this year. >> months ago, 20,000, 35,000

out was coming and strength against strengthen the markets. when you have so much easy money you can get things going and in areas in the nasdaq 100, higher beta areas moving quicker than other areas so i suspect we may see some of that here and we could get some fireworks as we head into the summer. stuart: explain what is a high beta area? >> utility stocks are very slow and move less than the market, lower beta or higher beta, tesla and things like that, those are the kinds of names that start to light up and that is usually good news, the appetite of the big institutions are picking up and we think the breakout sticks and we will get some good things for the next couple months. stuart: i don't know how you do it. i say to all our guests who manage other people's money.

you really have to have a strong stomach. you have 15 seconds. >> you've got to love what you are doing. stuart: you do it well. thank you for being here. i know you will see you again soon. we will see how high those big techs go because they are looking good premarket. we are up and running. we are up 170 points, half of one%, vast majority of the dow 30 in the green. that is a good indicators, all 30 dow stocks, very good indicator of how strong this market is and this morning it is strong. the s&p 500 is up half a percentage point, an all-time high, nasdaq composite is

higher, opening at a new all-time high, records all across the board, up 2 thirds and one%, at 14-3. on the upside, for the benefit of -- microsoft, alphabet, 2455, amazon well above 12,500, facebook, 342. susan is waving at me. >> i want to tell you why we are only going in one direction. if you look at the volatility index, lowest is the pandemic. low fear gauges since february of last year before the pandemic, shot up to 87 in march and april when there was fear, the markets are going in one direction. stuart: it is going in one direction. we are up 173, big tech on the upside.

show me eli lilly, drug company, that is a huge company up 8.5%. >> talking about the alzheimer's drug they are preparing. it has been labeled onto the new eli lilly alzheimer's drug, might speed up the approval of this drug, biogen's alzheimer's drug received the same on june 7th. you know it is controversial. critics say it is not that effective, 22% efficacy is pretty low and costs a lot, who is going to afford that in the future? >> those are two negatives. that news coming out about lily put some strain up there. anything to do with alzheimer's. >> the market you can imagine. >> lily is up 8.9%. first solar, the us announced a new ban on some solar products.

is that why it is rallying? >> the us bargains or products made in china so this is a big deal because it has been the advantage to american names like first solar so the problem may have is human rights and the containment of muslim leaguers but not the first time -- this is the first time the biden administration specifically but you also heard nike and all these clothing brand saying we want to revisit cotton and that is why we saw calls to boycott nikes and h&ms in china. stuart: push back on china to the advantage of american companies. bed, bath and beyond used to be a meme stock. >> it still is. bank of america, bed, bath and beyond is part of the meme mania but they are trending closer to the levels and

valuations supported before the whole redit game stop brigade at the end of january it represents good retail values with the reopening of $38. stuart: let's look at mgm, deutsche bank is upgraded them, they say this -- resort property, resort stock, they are not getting enough credit to the strength of the casinos they have in las vegas as it reopens. mgm up 4.5%, it is up 37% this calendar year. that is a strong performer. mgm resorts. piper sandler, an investment committee, downgraded dollar tree to neutral, rising inflation will keep the share price of dollar tree pinned down for the next year, it is down to present. duncan, i saw this coming, duncan skipping breakfast with beyond meet pulling its breakfast sandwich off of the national menu. it is because the meal, quote, did not sell as well as expected. go into a fast food place for

beyond meet berger. >> do you want a meatless burger at 7 am or 6 am for breakfast? might not be that enticing for a lot of people. stuart: you've got something on elon musk making headlines. it is not bitcoin, not tesla. it is not dogecoin. >> the value in the rally, what is -- stuart: what is the headline? >> star link. his space x internet -- what am i trying to say? internet. he is not going to ipo this division until there is what he calls a steady cash flow, steady stream flow that make it more predictable. space x has been valued close to $100 billion, and star link could be spun off according to the president of space x for an initial public offering in the future when we get there which might be soon. stuart: if it was spun off and they are bringing in that money

whatever it is does that money go to tesla? >> i don't think so. it would be invested in space x. look at the empire elon musk has built, $100 billion for space x and people playing catch-up to his electric car company. stuart: the man is a genius, don't care what his image is, if you can build those companies to that level you are doing something right. really right. and then this one. jpmorgan getting into sports data, that is interesting because that sets him up for sports gambling. stuart: >> this is owned by bob kraft who owns the new england patriots. jpmorgan sees this as an offering to their wealthy clients. interviews with something tradeable. maybe can use it as an

ancillary service. there are a lot of ways to profit and use that in the future. stuart: sports gambling going mobile. >> data and ai are the scene for the future. stuart: good stuff, thanks very much. it is clear the crime is surging in our big cities. i will give you time to read them through. that is a surge in crime in major cities of major proportions. meanwhile president bidens to crack down on guns. do we have a gun problem or a crime person? i will ask nancy grace next on the show. the red-hot housing market not cooling off prompting agents to sell homes off market. this is called whisper listing. ashley webster is at one of these whisper listings and we will join him next.

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stuart: you've got to check the market. the dow is up 270 points, 0.8%. the s&p up half of one%, the nasdaq up 3 quarters of one%. the nasdaq hitting all-time highs. the dow is 1000 points away from it. roku and viacom on the upside, they were speculation that comcast may make a bid for one of those two. any idea who it might be? >> there were talks in the past and this goes back to what we were seeing in the media space, at&t spinning off, disney, discovery with warner media but according to these reports comcast wanted to hold discussions but they didn't want to make the first move. past discussions between comcast and 21st-century fox

and viacom, the plan was they wanted to merge the paramount plus service, there could be some sort of tie up with viacom cvs going online streaming on peacock instead. sherry redstone said we are not interested. what do you think of the antitrust part? if you tie up cvs, people allowed two of these broadcast networks to come together. stuart: the administration would cheer them on. >> it would be like free cable, free to watch type of broadcast networks coming together two of those emerging, there would be a lot of discussions about that and roku, the hardware. stuart: so what should i buy? roku or viacom cvs? which is most likely? >> i love the intrigue. stuart: you are not going to tell me?

>> roku as a distribution network and comcast with their own boxes and extremity system, might be better for them as an international content play. stuart: should we leave it at that? the definitive answer? >> in media everyone is talking to everybody, there will be deals in the future, in 5 years the landscape will look different than it does now. stuart: i want to know how to cash in on it now so they look better in 5 years time. stuart: look at the stock moves. >> ally by viacom? let's look at a new fox poll shows 83% of us ordinary people are concerned about inflation. 83%. and economist, ordinary people can look around whether it is gas, food or whatever and prices are going up, the fed thinks it is just temporary.

where do you stand? >> temporary might be a little bit longer than most anticipate. elevated rates of inflation will be with us well into 2022. we are coming off of the covid 19 recession. there's a great pent up demand. we now have -- heating what is normal between 2.5, and $3 trillion. that money will be spent and that will put upward pressure on prices. stuart: did you say 2 and a half to $3 trillion? >> exactly right. we just came off of the year where the personal savings rate exceeded what is normal by 2 trillion. that is part of the equation.

the other thing to keep in mind is this build up in the equity market, great equity market rally, this is mind boggling. the market value - stuart: we can't hear you, sounds like you are in a cave. sounds to me like you are laying out the stage for the biggest surge in consumer spending in generations. is that what you are saying? >> exactly right. real consumer spending in 2021 will grow by 8%, the fastest rate of growth since the 12.4%, 1946 just after world war ii, that followed high personal savings rate, and a greater buildup of pent-up demand. stuart: a lot of money out there, thank you very much, see you again soon. i want to get to the story of

whisper listings went home goes up for sale but never gets listed on the open market. ashley webster is at a whisper listing in miami beach but my question is how do people find out about whisper listings? ashley: good question. it's not what you know but who you know, whisper listings or pocket listings is where the seller wants to maintain their privacy, don't want strangers coming in and out so it opens up to a brokerage, let me show you this home in the ritzy palm island area of miami beach listed for $34.9 million, 14,000 square feet, 8 beds, 9 bats, huge pool, massive pool house, beautiful on the intracoastal and so on and so on but it hasn't sold even though the whisper listing was used, they just haven't had the

right buyer. this is a remarkable market, 330,000 americans have moved here, 99% of condos have been sold and sales up 185% so let me bring in liz hogan, have you ever seen a market like this? >> never seen anything like this, a complete reset in the market, so many businesses moving here, and our mayor, open to business and capitalism in bringing people in. ashley: are you seeing a lot of town buyers in new york city? >> attentive people from new york but equal amount from california as well, from chicago to boston, they are coming into florida. ashley: this house had to offer

a 28 million all cash -- >> not good enough for micellar. he's holding out for more. ashley: thank you very much. interesting stories about hedge fund managers moving to miami. i will say that for the 11:00 hour. i will put in an offer but i will be woefully short. stuart: whisper it into my ear. we will see you later, thanks very much. britney spears breaks her silence. she's demanding a end to what she calls and abusive conservatorship. we will tell you about her shocking court testimony. democrats in new york have a new idea. how do you fill vacant jobs? they want to remove criminal records for most felonies and misdemeanors so those people can get a job. we will try to explain it in a moment. ♪♪

e? (judith) no - we actively manage client portfolios based on our forward-looking views of the market. (other money manager) but you still sell investments that generate high commissions, right? (judith) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money? only when your clients make more money? (judith) yep, we do better when our clients do better. at fisher investments we're clearly different. the lexus es. every curve, every innovation, every feeling. a product of mastery. get 0.9% apr financing on the 2021 es 350. experience amazing at your lexus dealer. nobody builds 5g like verizon builds 5g. get 0.9% apr financing on the 2021 es 350. thousands of engineers raising the bar on network security, now and into the future. enhanced identity protection, quantum based encryption, artificial intelligence threat preemption to keep your business and customers safe. because the more your business uses 5g,

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stuart: to work to welfare, good graphic. state democrats pushing legislation to remove criminal

records so you go to get a job you get a job more easily, state democrats pushing this. i want to know if this is likely to pass. >> it has been table but it is on the agenda for the next session, it is called a clean slate act and it is sponsored by new york state senator, legislation that would remove publicly available criminal records for most felonies trying to make it easier for those with the record to get a job. we will be looking at this, it is not an issue that has been passed right now but on the agenda and front and center. i went straight -- threat to public safety is having a permanent underclass of new yorkers who can't access jobs, housing, education or

healthcare once they've gone through the process and serve their time. clean slate stabilizes families, strengthens communities and reduces recidivism. if we made the decision to release someone they should be able to find a way to support themselves and contribute to their community but there's a flipside to this. you've got senate minority leader robert bork saying the policy is dangerous, you could have someone that owns the bank hiring a convicted embezzler, someone am a single mother living next door to a murderer. people are worried about the saying is this the way to address the problem? a very live the bait and it is hot. stuart: that is new york for you. thank you very much. check close markets, the dow is up close to 300 points and the nasdaq is up over 100 points, facebook, nvidia, microsoft hitting brand-new record highs. that the thursday morning rally, nancy grace is with us and sandra smith, the second hour of varney is next.

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♪. stuart: good morning, everyone. it is 10:00 eastern. let's get straight to your money because we've got rally on our hands today. we have the dow industrials up 250. the nasdaq is up 107 and the subpoena is up a solid 23 points. look at technology, stocks, facebook, nvidia, microsoft all three of them hitting brand new highs moments ago if the first hour of business this thursday morning. the 10er. >> treasury yield is helping, down to 1.47%. yields down, stocks up. the cryptos not doing that much this morning. we do have bitcoin recovering to 34,000. ethereum is just shy of 2,000 bucks from now. maybe we should get a drum roll for this. it is 10:00 eastern. we've got the mortgage situation.

lauren, good morning. stuart: the number. lauren: freddie mac predicts rates will continue to go up gradually. the 15 year also rose, average 2.34%. stuart: i'm not sure 3.02% on a fixed-rate loan will put a lot of people off. lauren: psychological level. a psychological. you want to stay under three. you think you're getting something for your money because houses coast arm and a leg. stuart: do you know what the psychological level in 1978? lauren: 12 1/2%. stuart: i paid 12 1/2% in san francisco in the late 1970s. i thought it was deal. still up 250 on the dow. now this. consider this please, then tell me if you think whine will come clean about the wuhan lab and about the origins of covid.

in march last year chinese scientists submitted a paper to the u.s. nationalness statutes of health. it contained the gene sequences of early covid cases in china. that is information that would really help determine where and how covid started n june last year our nih deleted information. they say the chinese asked them to delete it. why on earth did our nih comply with that request? didn't they want to know how the pandemic really got started? i would like to know who exactly okayed the deletion. just as important, you have got to ask this, why did the chinese want the information deleted? they say it was outdated. to keep it on the record would be confusing. oh, how convenient. they produce gene sequencing data that would help unlock the origins of covid. then demand it should be deleted just as cases in america and around the world really began to surge. however all is not lost. researcher dr. jesse bloom dug

deep into the internet and recovered much of the supposedly deleted data and dr. bloom thinks more gene sequencing from very early covid cases could still be found. that could be a real break through. "wall street journal" broke the story. it should receive much broader coverage, a, it shows china is still moving heaven and earth to hide the truth, and b, it raises questions about the u.s. nih and its rupp with scientists in china. dig deep, please, dr. bloom. the second hour of "varney & company" is about to begin. ♪. stuart: ben domenech joins me this morning. all right, ben, it sure looks like a coverup and let's suppose a coverup is proven. if that happens, all hell breaks

loose because china will be responsible. >> absolutely. i think that you're comment is very apt on this. i mean this is a situation that certainly raises a number of different questions not just about why china wanted this data deleted but why our nih we go along with it when it is clear this is not your average piece of data. this is something that relates to a major national security, a major health pandemic and something that i think ought to have been you know, attended to by certainly the highest levels of authority within our nih. i have to make one comb meant lauren said it costs an arm and a leg to buy a house. i'm in the process of buying a house. it costs an arm and a leg and an arm and another leg. i have to just say that. that 12 1/2%, that is saying something back in the day. go ahead. stuart: look, i don't mind

segueing away from china and covid and the wuhan lab. if you want to talk about housing i'm all up for it. let me explain something. i'm a great deal older than you and back in the 1970s i was buying my first house. it was in san francisco and i bought it with a 12 1/2% mortgage and, yeah. >> i can't even fathom that. i feel, i mean, that is, that hurts me in a very deep and personal way that you had to pay that amount. but i will say, just to your broader point what we're experiencing now in america, we have a declay of trust in institutions, a decay of trust, decay of faith in our expert class and when it comes to something like this, an awareness there was a piece of evidence that ought to be not just you know, useful but ought to be spread around the world so that many people could analyze it, scientists and experts could look at it, and could draw conclusions from it around instead we went along with what

china wanted us to do when it came to delete deleting this piece of evidence, that is enormously disturbing. this is part of this overall story we have in recent years decay in any kind of faith in our institutions to know what is right about decisions to make, to give us good guidance and to base it on the evidence that we have. it is unfortunate that we are living through this time but here's the thing, china likes that. they like to have the decay in trust in western institutions. they like to have a situation where they're viewed as the authoritarians who can actually get things done, the whole thomas friedman china for a day phenomenon and everything else, where people actually want us to adopt that model. that is something that they really like and decisions like this only go to help them in that cause. stuart: it helps them in that sense but it makes them look absolutely terrible. not only have ineffective

vaccines which are really screwing up the covid outbreaks in many parts of the world, they have got what looks like a real coverup at the wuhan lab. my point is this, if it is proven that it was a coverup, and it really did start in that lab all hell breaks loose. because they have to be held accountable by the whole world. >> it really does. one thing we need to understand about this, this really will, is an opportunity i think for america to take a strong stand. unfortunately we have such weak leadership at the moment in the biden white house that i'm really, i don't have a lot of faith in their ability to marshal the kind of worldwide backlash that ought to exist against the chinese communist party and the way that they treated all of this. the fact is that they knew ahead of us what was going on. they knew it in a way that could have prevented the kind of level of death, the level of outbreak that we experienced and instead of sharing that information with

the world, they hid it. and they silenced or disappeared people who were frankly, you know, calling out what was going on in a very obvious way, that is the way they approach so many aspects of life. we're speaking you know in the 48 hours after we learned that apple daily, the newspaper in hong kong, one of the few pro-democracy voices still in existence is going to have to shut down. we are experiencing right now a moment in which we ought to be able to marshall the efforts of the entire world against the entire communist party. unfortunately i do not think we have the leadership foe actually achieve that goal. stuart: ben domenech, their for being here. i appreciate your troubles. >> closing soon. stuart: i hope you do. check the markets, please, it's a rally, folks. up 270 for the dow. up 114 for the nasdaq. s&p up well over half a

percentage point. here is david bahnsen, perfect timing for good coverage of this stock market rally. you're saying ignore the fed. what do you mean by that? >> what i mean is that the hysteria that comes off of everything that they say and what it could mean and reading between the lines and all these things and it really does feel to me like nobody paid any attention for the years after the financial crises. folks talked as if they expect the fed to say something, oh, yeah, we're really worried about this or we don't think it will ever happen. we promised to keep rates forever. they will not say either of these things. they have party lines they will stick to and there is virtually no precedent of the fed shocking the market since 1994. in 1998 greenspan shocked the markets to the upside but really they telegraphed everything they have done for a very long time. i think people need to have a portfolio that is not dependent

on the briefcase size of the federal reserve chairman as we used to talk about with greenspan. stuart: yes, i remember those days very well, david. what we always like to get from you whenever you appear on the show is dividend plays, companies stocks, which pay a strong dividend which is likely to increase in the future. i noticed that the first pick you brought to us today is the simon property group. it's a huge mall operator. i think they're the biggest mall operator in america i think. what is the dividend. where is the dividend going, spg? >> you know what is ironic. the dividend was 7% eight months ago and they have raised the dividend and now it is 4 1/2%. you say how is that possible? because the stock price has come up so much. so people who were buying the stock in the later portion of 2020 locked in a 7 to 8% dividend yield. it is a very reliable dividend. the company has about 47% debt

to assets. in the financial crisis they had over 70%. that is why they have come out of covid so well. they delevered. they have a good balance sheet. nine billion dollars of liquidity and they have great assets. where things have to change with the mall world they're changing. they're converting them into multifamily and entertainment centers. it's a wonderful play. kicks off a lot of cash to us with a great dividend. stuart: i will take 4% if it grows and i will take 4% if i can get a capital gain as well. spg, simon property group. david, thanks for joining us. see you soon. in a market like this you will have stocks that are really moving. we'll start with the big banks. lauren: not astro nam call gains. we'll talk about them i don't want to put anybody to sleep but we're awaiting the fed's stress test this afternoon. that could unleash as much as $130 billion it dividends in the

next year if given the green life. dividends, buybacks, popular for investors. many put on hold during the pandemic. stuart: i didn't know that. these banks pass the stress test, everything looks fine. they then are able to pay out a lot of money in dividends which previously they couldn't pay out. lauren: as much as 130 billion in the next 12 months. stuart: that is the good news. thank you. lauren: we're watching banks and payment processing companies like square, paypal. they were initiated at davidson with a buy. square, they got a 275-dollar price target. not far from that. paypal got a 325. and steelcase, have you ever heard of steelcase, furniture? stuart: know them well. lauren: there shares are rallying. why? revenue will go up because people coming back to the office and they're redecorating the office. i don't know if you put people on a couch sitting next to each

other but there will be new furniture. stuart: they had a hard time when people were not heading into the office. up 5.4% to date. thank you very much, lauren. on "the view," says republicans are not getting the jab because they want president biden to fail. oh take a look at that. >> i think a lot of people didn't want joe biden to reach the 70% goal. they at the wanted him to fail. they didn't want him to have that win. stuart: joe can cha has a thing or two to say about that. he is coming up shortly. with workers in short supply, one fast-food chain offering really big bucks to teens that want to step up. the ceo of lane's chicken is here to tell us about the big offer. britney spears breaks her silence on what she calls an abusive conservatorship. was it enough to get control of her own money? nancy grace passes judgment after this.

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reporter: brittany was accurate and times rambling and want her con conservetorship ended and wants her father controlling her life. with her supporters outside the courthouse, that the she addressed judge by phone, forced her into conservator ship against her will, forced her into the vagabonds shows and had her doctor change her to lithium which made her feel drunk. not only my family did not do a [bleep] thing, my dad was all for it. anything that happened to me had to be approved by my dad. her father, jamie spears forced her to go to a rehab facility breaking news in a phone call. spears said i cried on the phone for an hour and he loved every minute of it. the control he had over someone as powerful as me, he loved the control to hurt his own daughter

one hundred thousand%. she went on. i've been in denial. i've been in shock. i am traumatized you know, fake it till you make it. but now i'm telling you the truth, okay? i'm not happy. i can't sleep. i'm so angry it is insane. i'm depressed. i cry every day. adding, i just want my life back and it has been 13 years and it is enough. she also said her conservators will not allow her to get married again or pregnant. they're forcing her to continue with implanted contraceptive device, iud she wants to remove to have another baby. she has not yet formally petitioned the court, stuart to end the conservatorship. that has to happen before the judge can actually make a decision. stuart. stuart: jonathan, just extraordinary detail. thanks for bringing it to our attention. jonathan hunt in l.a. let's bring in nancy grace for more on this. nancy, welcome to the program. great to see you again. i'm just, i'm shocked at hearing

this extreme degree of control over britney spears. do you think she was convincing in her plea to get her money back and her life back? >> actually, stuart, yes i do. as i have said many, many times throughout my career as prosecutors we must take our witnesses and victims as we find them. i heard britney spears referred to having rambled. that is not unusual at all especially when you're arrangery, hurt, upset and i'm sure that the judge took her so-called rambling with a pinch of salt. here's the deal, if any of this is true, the conservatorship needs to end. i would be very surprised if she went out right to ask the end the conservatorship completely. better to go legally strategywise to take baby steps. for instance, change the conservator, frankly really hard to swallow the theory this woman

can pull off a vegas show night after night after night the way she did but she can't make the decision to paint her own kitchen cabinets or remove an iud? stuart: that really stood out to me, you can't have the iud removed, your parent don't want you to, you're 39 years old. good lord. >> stuart, they may not like her boyfriend but that is not their business. they are concerned because she had emotional mental problems in the past, but apparently a pretty good track record so far. if she fails that is her decision to fail. stuart: i agree entirely, nancy. i will switch subjects, i need you on the program to address this. on your scream right now, crime clearly spiking in major cities across the country. look at numbers in those cities. president biden, he is i am blaming all of this on guns. so my question, nancy is, do you think america has a gun problem or a crime problem?

which is it? >> i find it very disingenuous to blame the gun and not the person pulling the trigger. i think it is all politics as usual in d.c. while people are being murdered. i cover it over single day, stuart. i don't mean dopers out in the street having a turf war. i mean little children riding with back seat with mommy in the car, road rage, whatever reason breaks out, the child ends up dead. it is happening day after day because people are pulling the trigger. i blame the crime surge, let me tell you, homicides up 30% in major cities. i am a gun violence victim. my fiance was murdered just before our wedding. don't think i haven't thought this through very carefully. i don't like guns but i don't like anybody suggesting we're going to tamper with the second amendment right to bear arms? we have a surge in violence for three reasons, one, defunding

the police. two, revolving door at jails. and three, weak leadership. politicians more concerned about getting their own rear ends out of a jam with their scandals and their political careers than serving the people that elected them. those are the three problems, not the gunshot down on the corner. stuart: i'm quoting senator kennedy when a cop shoots the criminal it is the cop's fault. when a criminal shoot as cop it is the gun's fault. that sums it up nicely, senator john kennedy from louisiana. i'm out of time. we thank you for coming on the show today. great stuff. we really appreciate it. we really do. by the way, your special, "dead on vacation" is available on "fox nation." a new episode available each day this week. starting tomorrow, streaming natalie holloway investigation with nancy grace on "fox nation" as well. good stuff.

get to cryptos, you have to to back to money sooner or later. bitcoin, and 1965 on ethereum. there is a move up generally this morning. we talked about the chinese crackdown on bitcoin mining in this country. lauren is with me. how come banning bitcoin mining in china makes bitcoin mining elsewhere more profitable? lauren: less traffic on the system. it makes it a little bit easier for other countries, other producers to mine the bitcoin. more profitable because of fewer players. the reason the bitcoin players are higher today the widespread adoption we've seen for crypto institutionally. you have andreessen horowitz launching that cryptocurrency fund. it speaks to the transformative nature of crypto in everyday

society. stuart: everybody who owns bitcoin should be happy it moves back above 30,000. if it stayed below 30,000, you hear this commentary all the time, it would slide maybe to 24 or below. it did, back above 30 for now. lauren: it is still risky. it fluctuates. a lot of people don't want to touch it. this is where the young money is moving. slowly the institutional money is following. stuart: what do i know about the young money. i know you were thinking that. thank you very much, lauren. now this congress getting ready to crack down on google and facebook but microsoft so far escaping scrutiny. why is that? we're on it. plus netflix taking blind dates to a weird new level. we'll tell you about the new show that has the internet abuzz after this. ♪.

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stuart: coming in to us the cdc will extend the residential eviction ban by one month. can't get kicked out until july

july july 31st. you better take a look at them, this is a rally, folks, up 128 on the nasdaq, almost 1%. up 270 on the dow, .08%. 2% haier to the s&p. that folks is a rally. brian brenberg with us now. brian you're an economist, i say the vast majority of americans are flush with cash and doing well financially but we don't hear about it. we're always hearing we're poor paycheck to paycheck. what do you make of this? >> well a lot of people are flush with cash, stuart, because the government handed them a bunch of cash, yes, so technically, from a financial standpoint think might be fine but you and i both know that financial well being has a lot more to do with how we earn our money just the fact we have it in our wallets. people want earned success.

they want the ash in their pocket to something earned. they want the opportunity to do that. people look at the situation. they say i can't stay with this government dependency model. i might have cash in my pocket. no, i'm not earning it. no, it doesn't give me prospects for a better future. we're future oriented people, stuart. if you're living in dependency, that doesn't give you a lot of hope. people don't like the current situation, free cash is not hopeful future. we want something to look forward to. this is again in my opinion. the reality is, we're either in the middle of just starting the biggest surge in consumer spending in several generations. economist john lonski told us there is 2 1/2, $3 trillion worth of cash flushing around out there. wealth from people on the stock market. if you're looking at reality.

we're flush. we're doing well, brian. >> cash, stuart, no argument there. can we get a big sugar high for consumer spending? a absolutely. that is great. i'm thinking five years down the road. 10 years down the road? will we have cash to spend then? will businesses be on the sideline or will they be working? stuart, first thing you think about as economist is the long term. john maynard canes said in the long run we're all dead. so what if we're dead and got kids, grandkids, our society, our posterity. we have to think about these things. sugar highs are one thing, sustainable prosperity which built this country, stuart, is something entirely different. stuart: i think brian brenberg we'll agree to differ on this. there is not that much of a difference between us. i'm looking at reality and you're not. that is another story. >> that's nice, stuart. i love that.

good. good, reality. mr. living in reality here. okay. stuart: only got 10 seconds left. you're out of time. ha. come back to see us. >> nice one. nice one. all right. we'll see you. stuart: you got it. big tech, look at them go. amazon's down a bit but alphabet and facebook are up. i want to bring lauren into this because, we follow the political news very closely. lauren: right. stuart: it is no secret congress is gearing up to have a go at big tech but microsoft is not on the list of big tech companies they're going after. i mike that. because i own a bit of microsoft but why is microsoft not on the list. lauren: you're not off the hook yet. they might be put on the list. they do meet the criteria. you have to have a market cap 600 billion plus, et cetera but they were not named in the investigation started by the house committee a year ago. in that sense, there are questions, particularly by jim jordan saying why not microsoft? are they in cahoots here? they were left out of this

antitrust, these bills that are moving forward. they have to go to the house floor and senate floor. we could see reigns put on big tech companies. stuart: we come years down the road. it was worth noting that 20 years ago that microsoft went through the ringer during the early years of this century are and since that time, microsoft stock was flattened by the administration of the day, gone up 624%. lauren: since that time. with the past two years and pandemic and everything they have outdone themselves. today they are set to launch the new windows. we bring that up, because microsoft lost market share to chrome books and others operating systems. we use at work, windows. finally the first time in a few years, get a new operating system, that would boost the bottom line, and their profits and trillion dollar company. first time anybody mentioned windows. long time ago. lauren: that is what companies

use. stuart: windows 24.8? tell me about comcast. i think they have already got peacock but they want to expand their streaming. where? lauren: okay. very good question. so to grow into a streaming powerhouse to compete with netflix and disney they either have to build it or buy it and "the wall street journal" is reporting that they want to buy it, that they might tie up with viacom cbs, imagine how much content you have there. stuart: a lot. lauren: or roku as they aim to corner content and distribution. regulatory concerns are huge. everybody is trying to compete in a big way. merging with each other to have more content and compete in streaming. with streaming you likely need the distribution channel as well to become a huge player. stuart: have to complete with netflix and disney plus which are the big guys. lauren: they keep buying other players. stuart: they do. everybody is buying everybody else. thank you, lauren. want to go into space?

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♪ ♪ ♪ ♪ >> people are patriots and all this stuff how we're going to have to move against the government. what happened is, there have never been, if you think you need to have weapons to take on the government, you need f-15s and nuclear weapons. with cognitive behavioral therapy, police chief murray of

baltimore, excuse me, police chief mayor rick, police chief murphy, paul, of baton rouge, louisiana. that was the president yesterday afternoon, really clearly in my opinion struggled to get through his speech. this in "the new york post." i will read it for you, is no one mention how confusing and out of it biden was? come in joe concha. look, to me this is difficult. we're talking now about the performance of the president of the united states of america. and i want to know why nobody else is pointing out the obvious difficulty that the president was having putting two words together? >> the audio is the audio, right, stu? you can watch that judge for yourself whether the president is having some sort of a problem from a cognitive perspective or not. we'lllet people at home decide that. i'm not a doctor but i can read and i have seen that mr. biden has not had a physical since 2019. why is that?

the white house said that yes, he will get a check-up later in the year but won't commit to a date or month. not like he has a packed schedule. his work day began at 10:00 a.m. ended at 4:00 p.m. day before that the last event on schedule was 1:45 p.m. sure we can give a time to get an exam done. give inch his public performances lately why isn't the president going for exam today, any democrat, republican, those approaching 80 years old need their health checked on regular basis. it is not time-consuming, it is not a burden, it is common sense, i. stuart: i would like to see a news reporter ask the press secretary or directly ask the president what's wrong? it is simple. what's wrong? you have to justify that kind of performance we saw yesterday. what's wrong? i don't expect anybody to do that. i don't expect anybody to be able to ask that question but we should. we should know what is happening

with the president. >> yeah. he does this major speech yesterday. at least billed as such. he is whisked off the stage. does not take any questions from a mostly friendly press. he has had one solo press conference since the election. that was more than 230 days ago. there is a reason for that, stu. stuart: yes there is. john, moving on, co-host of "the view," ana navarro says republicans are refusing to get the jab just to make president biden look bad. watch this please. >> i think a lot of people didn't want joe biden to reach the0% goal. they wanted him to fail. they didn't want him to have that win. they didn't see it as an american goal. they saw it as abiden win. stuart: joe it is true to say that republicans are less likely to get the jab than democrats but, what do you make of that lady's argument? >> yeah. she was a republican strategist at one point. name a campaign that she ran that actually did well, you can see with advice like that, probably not many.

that is an argument based in almost zero fact. speaking of facts, here is one. less than half of americans stu, get their flu shot every year. is that make biden look bad or country doesn't like vaccines in general? i'm not one of those people but to each their own. people have strong opinions about vaccines covid or otherwise. does any sane human being otherwise would have gotten the covid shot maybe i should not do this because it could hurt the president politically. fa increasingly a red state, 85% of those over 65 are vaccinated. are they exempt from anna navarro's argument? that is a rhetorical question. stuart: a quick point for to you make here. "politico" says vice president harris' border trip was due to republican criticism. what do you make of that. >> everyone is dumber for having read that headline. at last check, it isn't just

republicans stu calling for the vice president to go to the border. democrats from border states as well. i guess that destroys that narrative. the american people believe harris should see the crisis up close if she has any interest in solving the problem. you can't solve a problem you can't see. look, she will not hold a press conference after this. the vp's handlers have as little confidence in her handling best outside of cotton candy from friendly interviews as they do the president handling questions outside of his teleprompter. the teleprompter he reads speeches, when he takes questions he seems uneven. over 1/3 of americans approve the way the biden administration is handling the border crisis according to a harvard "harris poll." if there is grade below f the vice-president should get it because this catastrophe is getting worse, stu. stuart: thank you very much, joe concha. >> good to see you. stuart: "buzzfeed," i call them an eclectic website.

they cover a whole lot of stuff, eclectic. that is what i call them, reportedly closing on a deal to go republic, lauren? lauren: instead of electric, more popular, cute pup at this videos. stuart: electric is more fancy word. probably not using it right. lauren: this is more spiffy what the young people want. this is a spac, valuing the company 1 1/2 billion dollars. the shell company is 95th ave partners. they want to achieve scale, digital media they have to compete for ad dollars with google, facebook, amazon. that is increasingly difficult to do. as part of this spac, they will also buy, you cocall it a street wear company. it is called complex networks? so they're merging, they're buying another company to get bigger it have more scale if you will. stuart: just like the streaming story they did with comcast. lauren: like people are struggling to compete with the big players. for "buzzfeed," a 1 1/2 billion dollar valuation is somewhat

fall from grace where they stood a few years ago. stuart: thank you very much, lauren. red hot real estate market has agents using something called a whisper listing. ashley webster will rejoin us. what is the whisper listing. we told you about this story, layne's chicken, fast-food chain, offering teen workers $50,000 salaries. i'm talking to the ceo of layne's after this. ♪. you already pay for car insurance, why not take your home along for the ride?

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♪. stuart: that there, right there, dallas, texas. sunny, 80 degrees on this thursday morning. looks pretty good to me. a chicken chain in texas combating the worker shortage, paying a teenage manager, a teenage manager, $50,000 a year. garrett reid is the ceo of that chain. he has done a lot of tv lately. he is back with us this morning. yes, you have. great publicity, layne.

this is good publicity. you have one worker 19 years old you're offering $50,000 to be a restaurant store manager. what about the rest of the workers, are they getting an attractive offer as well? >> i'm glad you asked that question. you hear about this living wage going around today. we talked with our franchise partners about this. the answer is, yes. so we bring young people in and we pay them a learning wage, which i like to call, where we teach them the ropes of the business, how to put on an apron, how to put on a hat, how to cook toast. then they can move up to the living wage. yes, we have quite a few young people in our organization moved up in the higher wage brackets now. stuart: tell me about the 19-year-old you did indeed make a store manager at 50,000 bucks a year. did you see his potential? >> correct. absolutely. jason, who is you're referring to, jason started with us when

he was 16, $9.50 hourly employee. he started with a lot of other people. he showed the potential, the work ethic, the drive, he understood our culture and our values. when the opportunity arose he took advantage of it. stuart: are there a lot -- i can see how some youngsters in your organization, might warrant to say forget college, if i can make 50 grand in my teens, i'm staying baby. is that how they look at things? >> i believe they do. they're looking at a decision to get into a $50,000, 100,000, $150,000 of debt to go to college. then get out to make maybe 50,000. i like to tell these kids they can become a general manager, make really good money. then the ultimate goal is to let them own their own franchise businesses at some point. stuart: that is just great. garrett reid, i think you're doing exactly the right thing. hats off to you, lad. can have as much free publicity

as you like on this program because i think you're a good man. >> appreciate it. stuart: garrett reid. thank you. appreciate it. this may be obscure. poor lauren is covering the story. she is shaking her head. there is a new netflix show called, ""sexy beasts"." i'm told everybody is talking about it. lauren: real life singles go on the show. wear prosthetics that make them look like animals. they try to find true love. if they do, they finally get to see what the masked person looks like. that is the show. look, go ahead. i would love to hear your opinion. stuart: i can understand it has got buzz but how do you measure the buzz? netflix is not going to tell us how many people tuned into whatever is is called, ugly beasts. >> they give us their top shows, how many people watch them. stuart: this ugly beast thing, whatever it is, that is a top show. lauren: it hasn't aired yet. it airs end of next month.

two seasons, two editions of it. stuart: just warming up the audience for free publicity. lauren: it is so weird. maybe it will work. the prosthetics are cool. they are transforming people. stuart: what is the attraction? lauren: love someone for the personality, not what they look like. don't you get it? stuart: precisely. why do you dress them up? lauren: find the personality, find true love under the come fin mask. stuart: whatever you say. big show coming up, lauren. sandra smith, heather zumarriaga. if you listen to the left we are all working paycheck to paycheck. in my opinion the left is deliberately ignoring widespread prosperity. that is next. ♪.

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there is no end to this, this is going to continue on to the end of the year and people need to have a portfolio that is not dependent on the briefcase size of the federal reserve chairman. ♪♪ stuart: i like the rhythm on that, matthew wilder. 11:00 eastern time thursday june 20 fourth. it is a rally, dow is up 250, nasdaq up 120. facebook, nvidia, microsoft, all of them hit all-time record highs and some of them are holding at that level. as for bitcoin not much upside action although it has recovered to the 34,$000 level. that is the cryptos as of now,

modest recovery. now this. listen to the left and you think we are all poor. bernie sanders talks endlessly about the crisis for working families. but aoc, so bad she once emergency cash payments forever and if you so much is hint that most americans are doing well financially you are just a callous elitist and you are out of touch. it is the left that is out of touch and they deliberately ignore our widespread prosperity. of things are so bad for so many how come so many young people are using their emergency pay to gamble on meme stocks or dogecoin. some on this program are doing that. where is the crisis for working families in those 26 states that have rejected emergency payments. they wouldn't turn down money of the people in those states

were really hard up. where is the crisis when we are saving more than at any time since world war ii, well over $2 trillion in bank accounts and we paid off a ton of credit card debt and then there is the gigantic wealth creation machine known as the stock market. $34 trillion worth of stock market wealth which has been spread out to 100 million american adult investors. just because it is not equally spread out doesn't make it bad. the left has consistently repeated his poverty and crisis claims, the media has played along. the picture we see on a daily basis is one of struggle and hardship. a grim picture but not accurate. it's not an accurate picture of the country as a whole. america is flush with cash. your 401(k) is doing very well and we are starting the biggest surge in consumer spending in generations. celebrate the financial truth, ignore the left's propaganda.

the third hour of "varney and company" just getting started. she's not paying attention right now, the lady there is sandra smith from fox news. >> i am working for you. i'm here for you. stuart: are we a prosperous country? is the left deliberately ignoring our prosperity? >> those are serious and big questions. i want whatever you had for breakfast. the energy is unbelievable. i think you and i were about to discuss a bunch of different matters the country has on the table, the disagreement when it comes to the border issues and infrastructure and you see this playing out in markets and i

think it is unbelievable these marketing all-time highs are able to set aside what is happening in this country right now. the complete drastic change we are seeing in so many areas that we are about to see and a serious problem at the border and i was listening to karl rove, this visit that kamala harris will make to el paso. she has given these guys an opportunity to save too little too late, this infrastructure meeting at the white house this morning, a group of bipartisan senators sit down, they get biden in on this. i don't know where this goes next, the details are pretty vague and a lot of details have to be worked out, manchin is a critical part of this but isn't it amazing, doing what we do, i am digesting this because so much is changing by the hour. everything happening and

markets continue to go higher. stuart: not sure when the meeting takes place. >> 11:45. >> at the white house. you saw it 45 minutes time, what we are seeing is a compromise agreement bringing republicans, democrats together in $1 trillion plan. the left is apoplectic because they think we are in such trouble. we are all in such financial trouble, the poor are getting poorer, terrible thing. they want a lot more spending, they want $6 trillion, the compromise group wants $1 trillion. this is where you see the left out of touch with what is really going on here. >> $1.2 trillion over eight years, 970 billion over five years, $550 billion in new spending packages that employees pay for. how bad the us taxpayer, joe manchin set on the $6 trillion infrastructure package it sounds extremely extremely high, not okay for us to take on that much debt. why is he the only one sounding off on this?

that is an issue. inflation rearing its ugly head, pumping money into the system. it is unbelievable. stuart: we are living in extraordinary times. the federal reserve checking trillions, congress is spending trillions, sitting in bank accounts, we've never seen a wall of money go into the economy like this and never taken such a huge experiment assuming the wall of money will not produce inflation, what an experiment we are taking a. >> manchin is one of those in favor of partially rolling back the trump era tax cuts of 2017, in favor of moving to 25% corporate tax rate from the current 21%.

since you are going to get this meeting half an hour from now chuck schumer says the senate will consider bipartisan infrastructure plan and reconciliation plan for a separate infrastructure package concurrently when the senate returns in july. he wants to move on this quickly, perhaps in july. the sooner the better. got the congressional capitol hill correspondence, said this will be a 2 track thing. stuart: how do you pull that off, discussing $1 trillion and $6 trillion there. how do you do that? >> i don't know. going to this meeting i asked if he expected anything to come out of this. we don't know. that is where we are in this. we don't know. stuart: we don't know. that is the absolute truth. that is the truth. if president biden goes closer to the bipartisan group the left will be apoplectic and the

left won't vote for it so you've got to have bipartisan deal to get anything true. >> you have to have biden willing to sign off on it bottom line. stuart: we live in great times. to sit in these exciting times and pontificate about what is going on in america. >> we will have more on america reports on the fox news channel. >> is that a plug? >> if you weren't going to do it i was. stuart: from the when you are currently appearing on. >> the market is amazing. it is amazing. 241 points on the dow, new highs on the s&p, you've got inflation, a serious threat right now. the markets bought into this transitory inflation period from the fed hook, line and second. stuart: we talk politics and money on this program, why don't you come back to this network? >> i'm here right now your invitation. stuart: thanks, senator smith. here's a plug again.

be sure to watch america reports from 1:00 to 3:00 eastern. >> we will see what happens with this infrastructure plan later. stuart: i have some movers on this one. with the dow up 240 something has got to be moving bigger and i think we start with tesla, right? >> talk about elon musk, toward $700 apiece once again for the electric carmaker and this is part of the trade that wall street is a fan of, the was level of fear since the pandemic started. here is the company that allows you to log on remotely, it is worth $282, you should pick up that stock into your portfolio. grayscale 6 point trust, jpmorgan says the 6-month lockup appear go on this trust, 700 bitcoin, is expiring and that will weigh on bitcoin's prices which the value for bitcoin is 23,000 to 35,$000 a coin.

nvidia we started the program talking about americans biggest chipmaker heading into that four point stock split after the bell on july 19th worth $900 and finally, once again, roku, wall street journal says comcast called merger discussions with comcast also helped with the tie up with viacom cbs, and warner media. i had to do it twice, that is why. stuart: yes. >> i know. stuart: i can't follow it. i find it hard to follow. all i know is media is consolidating rapidly around streaming because that's the name of entertainment at this moment. >> i love talking about mobile and where the money is going, far different in five years and that is something i am a big fan of. stuart: you've got that right, things will be very different in 5 years time, that is a fact. changing the subject to this. msnbc host invite crt, critical race theory, critic on her show

and barely let's that person speak. role tape. >> i haven't gotten a full sentence out. >> i don't allow people to make up and say lies on the show. it's not right to do that. stuart: the man right there, christopher roofer is on the show coming up shortly. the sheriff or one sheriff ditching the democrat party to run for reelection as a republican. why did he switch? i will ask him. he is on the show, the third hour varney just getting started. ♪♪ incomparable design makes it beautiful.

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stuart: san francisco, 59 degrees and cloudy. today, not as a today, it is 59 degrees as of now. san francisco will soon require all 35,000 city employees to get the covid vaccine and if you don't they could be fired. of course there will be exemptions for medical or religious reasons. that is san francisco. jpmorgan asking staff to report their vaccination status saying vaccines could eventually become mandatory for its workers. if you are unvaccinated you can still get on a cruise. todd pyro, thanks for being with us. which cruise line are we talking about and what is their condition forgetting on board? >> royal caribbean is the first answer and the conditions are interesting.

the untaxed among us can sale a high seas on royal caribbean if they pay $136 for covid testing package, includes one test before you board, another before disembarking. you have to wear masks. a 10 day mask class. it is unclear what that would entail. heavens we figured out how to wear the mask or not at this point? they need a class. you can expect wristbands for the vaccinated and some venues on the ship and events will be restricted to vaccinated guests only but important to note these rules are in flux. florida governor ron desantis said should leaving from his state cannot ask for proof of vaccination. a lot of cruises leave from florida. stuart: i am laughing because who would want to go on a cruise if you have to's attend a mask class, wear a mask through the whole thing and pay a fee? >> i am on a cruise. only thing i'm doing is going to bingo at 4:00 pm every day. stuart: how about the midnight buffet? >> they don't have that anymore.

stuart: royal caribbean says if you are not vaccinated we don't want you. look at the markets, they are worth looking at, plenty of green, dow is up 220, nasdaq up 118, solid gains for the s&p. the market seems to be believing the fed when they say inflation will fade away. not entirely but it will fade. investors are buying that story and bidding stocks up across the board. change of pace. one democrat sheriff railing against his own party. watch this. >> twice in public meetings democrat elected officials tried to censor my words and opinions because they did not agree with me. it is my duty to serve all people of cascade county regardless of your political beliefs. to do this effectively i have to know that i have the support of the party i have aligned myself with. i hope i can count on your

support as i move my name to the republican ticket. stuart: there is the sheriff making the switch and there is the sheriff now, i think the democrats are now calling for you to resign. are you going to resign? >> absolutely not, not a chance. stuart: in a nutshell, why do you find the democrats are no longer your party and the republicans are? >> they don't listen to sheriff's, they don't listen to us. the people supporting me, senator gains, the people calling me, caring about our issues, the public, making public safety, rooms in jail so we can incarcerate people that need to be incarcerated and the democrats are doing that of that. they get mad and frustrated with me when i stand up for those things and enough is enough. if you break down this nation

by counties, the sheriffs have the will of the people and democrats need to understand and listen to their sheriffs. stuart: i to get your views on guns and run a soundbite by president biden where he was calling for new gun-control measures. role tape. >> things to reduce gun violence and violent crime, background checks purchasing a firearm are important. ban on assault weapons and high-capacity magazines. stuart: the president thinks we have a gun problem. my question is do we have a gun problem or a crime problem? >> we have a family problem.

we have taken god out of the schools and taken religion out of everything we can think of. the reality of it is we need to get back to the fundamentals of family. that is what is going to solve this problem, not guns. he doesn't understand what the second amendment stands for. the second amendment is there for the people to be the boss. if you really believe the people of this great country are your boss then what are you afraid of? what it tells me is you are more interested in ruling them than you are in being a servant to them and he is an elected official and a servant of this great nation. he's not a dictator. when you start making statements about that, start changing the narrative to the point that you want to control of people. that is why it is called gun-control. stuart: if you ran for congress i think you would be a shoe in and that is a fact. thanks for joining us, appreciate your honesty and coming out to see us. i've got a few individual stocks we want to look at starting with apple. why are we looking at that? apple's retail chief says they are expanding their physical retail operations. they say as the economy reopens customers will return to the

brick and mortar stores and take advantage of in-store benefits. i haven't seen a single apple store in the last two months the didn't have a line out the door. darden restaurants, parent of olive garden and others say same-store sales are nearing pre-pandemic levels and up goes the stock. check out mgm, deutsche bank upgrading get saying you should buy that thing, they say the vegas strip is making a comeback and that helps mgm margins, the stock is up 34%. a big check of the big board, up 235, well above the 34,000 level. this is a rally and we have a dow 30, can we put that onscreen? we have the vast majority of the dow 30 very much in the green. then there is this. the housing market nearly 4 million homes short of what is needed to meet higher demand. that is creating more of these whisper listenings.

ashley webster is at one of the men will explain what a whisper listening is. elon musk won't take his starling company public, could take a while. what is the hold up? we will explain next. ♪♪

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billy joel. i was thinking of the other guy. what is his name? don't ever get old. >> freddie mercury? >> it will come to me all of a sudden. we were looking at dc, 74 degrees in the nation's capital. let's move on. david bowie. he was the guy who did pressure. david bowie. >> he is one of your people. stuart: however you want. >> it is your show. stuart: the federal reserve putting bank through a stress test that happens today.

edward lawrence is live in washington. straighten me out. and i right in saying of these banks pass the stress test they will be able to pay dividends in the future, lots of money and dividends? >> we are talking tens of billions of dollars, potential boost for investors in those financial institutions was the result of the stress test could cause the federal reserve in 6 days to loosen restrictions on stock buybacks and dividends banks were able to pay out. the fed wants to make sure financial institutions had enough cash to deal with any worst-case scenario for the economy since the great recession the federal reserve has put bank through these harsh hypothetical economic conditions to make sure there are no cracks in the system. over the past two years financial institutions have largely pass the test with flying colors. after passing a stress test last december the fed did allow some buybacks of dividends with those based on income. the stress test more severe, imagining gdp of 4%,

unemployment peaking at 10.75% compounded by a global slowdown with a 55% fall in stock prices. the results come after the closing bell and could affect trading tomorrow depending how the results go and the possibility of offering greater dividends and stock buybacks. stuart: we got it, thanks very much. heather is with us this morning. i don't want to talk about stress tests. this is a bull market and we are in it. the market has gone up steadily since 2008. there have been dips. if you bought any of those dips in the last 12 years you would have done extremely well because you would still be in there making money. what do you say? should we continue to buy the dip regardless and ride this all the way through? >> if you're in the market, you

stay in the market and if you are not you wait for a dip with the markets nearing all-time highs yet again. it would not be a good day to buy into the market but your argument is true that every dip has been but especially over the pandemic. imagine if you were buying last year in march or april. i think as we reopen the economy parts of that in terms of the reopening hitting its peak which you hear about lately in terms of the stock market because it is forward-looking, you turn back to make a tech if you believe the reopening is at its peak but we have a long way to go in terms of getting people back to work. the stock market is forward-looking and already discounted some of that. stuart: have you ever seen anything like this before? i started doing financial news

on american television in the mid-1970s a long time ago, 45 years. i have never seen a bull market run like this one. i've never seen anything like this before. have you? >> know. i really haven't. i look back to 2008 and the financial recession and it took five years for the markets to come back. i know you don't want to talk about the stress test but it is very important to look at the health of the banks and the economic financial system. they were able, we in the us were able to weather a pandemic that was a tremendous shock on the system and the banks were able to do it with tremendous support from the fed but it shows our resilience when you look across the globe that the us on a global basis is the best around. we really are. stuart: he wouldn't make a difference, would it? if all these banks fail the stress test and the news came

out after the market closes this afternoon i don't think there will be a gigantic selloff on the stock market, the market might take a brief dip and then off we go, that is the way it has been. >> maybe it is fear of missing out. look at tech today, the stock market stocks, the microsoft you held for 45 years doing very very well. stuart: i bought microsoft about 20 years ago. i added to it since but made the initial investment 20 years ago and that was after the administration of the day went after microsoft and punished them for supposedly hogging the internet and since then that stock has gone up 620% and i got in 20 years ago, the market has gone straight up.

>> despite the pandemic it speaks to the resilience, you don't have a reason to sell it today. stuart: i do, but don't want to pay the capital gains tax. stuart: that is a topic for another segment. stuart: some of the microsoft that i own is in the pension fund and if i sell that, don't have to pay capital gains tax but i do have to pay a tax when i take it out of the pension plan, thanks for taking part in it. let's get to elon musk. >> going through one by one. stuart: you got dogs in their? going to take star link.

>> got to hold your space horse. >> star link which is space x's space internet venture, which we could all have a predictable cash flow. starling is a network of tens of thousands of satellites, offering fast internet speeds globally. plan to get long-term tesla shareholders first preference. he wants that to be a crucial source of funding for not big money makers like flying to the moon and colonizing mars. stuart: going into space on a balloon, what is this about? >> hoping to fly you to the edge of space in a high-tech hot air balloon.

space perspective is the name of it taking reservations on it spaceship neptune for flights early 2024. 125 k per person, above 95% of the earth's atmosphere, 100,000 p making the view, another 2 hours down to the ocean below. stuart: i would consider it. a balloon floats you up to check out space and float you back down again. >> and they will offer cocktails. stuart: having cocktails when you are weightless. >> really fuzzy. stuart: you are all right. frontier airlines, we told you about the covid recovery fee, they just dropped the fee.

the misrepresentation, show me united airlines, a larger order of aircraft potentially the largest order ever. clear sign of confidence to get out of the pandemic but united, they are ordering the planes, we don't know that is. carnival cruise lines, a $2 billion quarterly loss, they lost $2 billion due to the prolonged suspension of cruising. ferrari unveiled a plug in. how long before they do that? a credit card start up, for paying rent. those could be money for the

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♪♪ the heat is on ♪♪ the heat is on ♪♪ stuart: the heat is on maybe. that there is port canaveral, florida, it is 83 degrees. we are showing you florida because homes there are selling at a record pace and that includes houses that are never even listed. these are called whisper listings. ashley webster is there for us. explain it and what are the benefits of not listing your home on the open market? ashley: two very good questions. a whisper listing or pocket listing is when a particular

property is released to an exclusive broker who then will only allow specific clientele to view the home. it is done behind closed doors if you like. there is no publication, no public listing. why do they do this? a variety of reasons. the property where i am, $39 million on the intracoastal, the huge cruise ships just on the other side. the owner of this property doesn't want his privacy interfered with. he doesn't want strangers coming through the house on a property like this so whisper listing is getting more popular, up 2% from 18 months ago but it doesn't always work. they had a whisper listing here that didn't work, the owner tried to market the home himself and then he went to the agents, agent to the stars, liz houck and with compass, this place, whisper listing didn't work.

>> it didn't work. we put it on the market and the market has been appreciating dramatically in florida as everybody knows. we had multiple offers on the property but he's holding firm. stuart: ashley: there you go. he's living full-time in italy, but the actual number of homes available, 2-month inventory or less in the miami area. normal would be 9 months. not enough homes, 34 million, harder to move. stuart: it is sitting on the market for a short time. thanks for joining us, see you again later. check this out. this is interesting and different. a new credit card called be ilt lets people earn reward points for paying rent. one of them is money for a down payment on a home that you might buy in the future. the company's founder, jane, joins us now. let me see if i have got this right.

i pay my rent through the apps. the money i pay through the apps to the landlord, some of it goes towards reward points for a down payment on a home i might want to pie. have i got it right? >> mostly. the average american today spends 200,$000 on rent in their lifetime and yet it is the only expense you don't get anything back on. don't know if you've flown recently but you have airline miles every time you get on a flight, every time you stay at a hotel. when you pay rent you don't get a credit boost, you don't earn rewards points and you get no closer to home ownership. 3 years ago we set out to change that and have a program where any renter in the country just by paying rent to now or in points for free they can use towards traveling the world or

buying a home with a fannie mae mortgage. stuart: let me progress on this one. a hypothetical. suppose i pay $1,000 in rent for three years. how much money do i therefore get from the reward points? how much goes towards a down payment on a home? >> the answer is one and a half cents a point, leading in the market. when you think about the path to homeownership, a bunch of areas where young people today are being locked out of home ownership, the most important equity this generation can get access to if we want a shot. stuart: you've got to tell me straight. $1,000 a month for three years, how much goes towards the down payment? >> one and a half cents a pop, if you are earning two times that on rent you can do that math. stuart: do i get a point for every dollar i spend in rent?

>> you can earn up to two points per dollar of rent in this program. the average rent today is 1600, 2000 across the country. let's say you are doing 2000 a month, you are earning one point per dollar, you could earn $6,000 over the course of 5 or so years you can put toward the down payment where the average home is 350,$000, that would cover 20% of these downpayments plus one of the most important things we do for this generation is build a credit history and what is missing today, people are getting dinged with high rates on the mortgage because they don't have the credit. you can save 30,$000 on interest fees on a mortgage just by having your rent report is the credit bureau and getting the benefit of that credit. stuart: i've got to end it there but that was pretty good.

not entirely convinced but you gave us a good example, clearly a great idea. i wish you the best of luck with this. very interesting. all right, todd pyro back with us with a story about the ferrari going hybrid. >> you are not happy about this. stuart: i'm just trying to get used to the idea. a hybrid ferrari. >> unveiling a new plug in to join the other two hybrids in its fleet, 830 horsepower will move, ferrari road cars are powered by is the 12 engine, they pollute slightly more. porsche has a fully electric vehicle, fully electric ferrari won't be available until 2025. we were talking the break, these racers, you think they would hate these things, they love them because these cars move. the acceleration. we won the big attraction of an electric car is the acceleration. tesla is putting something out the goes from 0 to 60 in two

seconds. unheard-of. you are all right. by the way we are going to be watching you on fox and friends first tomorrow morning, you start at what time? >> 4:00 am. i don't like when you get the name right. i like the names you can with. fox and friends really, really fox and friends. the one that comes on when it is dark out. all those things are great. stuart: i patented more. thanks, see you again soon. msnbc host invites the crt critic on her show and barely let him speak. watch this again. >> no no no no. >> haven't gotten a full sentence out. >> i don't allow people to just make up and say lies on the show. it is not right to do that. stuart: i don't allow people to lie on my show. the man in question is christopher rufo and he's on my show next. all in on the sport sedan. lease the 2021 is 300 for $379 a month for 36 months.

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>> what is your evidence? one moment. what is your evidence? it is strange to me -- >> this is not a monologue, it is supposed to be a dialogue. >> it is my show so it is how i want to do it. >> i haven't gotten a full sentence out. >> i don't allow people to just

make up and say lies on the show. it is not right to do that. stuart: that is joy read, lies on the show, let her guest speak 4 minutes and 13 minutes, chris rufo is a guest on my show right now. i was listening to this. she said your critical of critical race theory and she says you are making white man's demands which i will give you all the time i have got, respond. go. >> we know a couple things about joy read. her show as ratings are tanking. she only gets 150 people in a key demographic per night, she is desperate and she turned what i thought could have been a substantive debate about the issue of critical race theory into an unhinged monologue in which she shouted me down, refused to let me answer. the truth is quite clear that i have the fact on my side, we know critical race theory is being taught in hundreds of schools around the country. we know millions of american

parents are revolting against this disgraceful and divisive ideology and joy read doesn't have the capacity to engage with the facts. that is why we get this petulant -- what you saw last night. stuart: i think you are leading one of the most important grassroots movements we have been a long long time because this really is a grassroots retrieval to against what i think is racist teaching. 45 seconds, go for it. it is yours. >> critical race theory absolutely is being taught in schools. in california they forsake-year-olds to deconstruct their racial identities and rank themselves according to a hierarchy of power and privilege, in san diego they are telling teachers all white teachers are racist and they should undergo mandatory antiwhite or rather antiracist therapy and the rest goes on and on.

we could talk about it at length. critical race theory is a live issue, the number one issue in the country. the average american is starting to wake up and take charge of what is happening. stuart: beat it back, chris rufo please, come back when i have a lot more time because we will make time available to you, sir. appreciate it. just got time for the trivia question, strange one. how many earths can fit inside the sun. we will be back with the answer. . .

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stuart: so how. earths can fit inside of the sun? answer, 4.3 million. not sure exactly what that means. i guess the son is a lot bigger than the earth. my time is up, neil, it is yours neil: thank you, stuart. we're half an hour away from the update on the condominium collapse in miami, florida. 51 unaccounted for. the building pancaked into the middle of it in the one 30 at