maria: virgin galactic soaring after the company gets approval from the faa to fly people to space, version complete with blue origin and elon musk's space x, virgin up 21%, thank you to dagan mcdowell and james freeman. have a great weekend, see you tonight on sunday morning futures, here is "varney and company," take away. stuart: good morning, everyone. another stock market rally, terrific performance from nike, shaky infrastructure deal and vice president harris is on her way to the border. a lot to go out and we start with your money. the dow will be up triple digits at "the opening bell," below its record high, the s&p

will hit another new high, almost 30 new highs, haven't got the exact count and the nasdaq same story, hit its 20 boob high thursday and will go up more at "the opening bell". take a look at nike, north american sales doubled, they got it totally wrong, nike is a dow stock and at that price adding 100 points to the dow. it is up 13%. huge game. bitcoin and the cryptos all down this morning, jpmorgan is bearish on them, elon musk renewed his support for dogecoin and that sent doge a little higher, the president surrounded by a bipartisan group of senators announced in infrastructure deal, at least $1 trillion agreement at last but then he said he wouldn't support it unless there were add ons. the senate will consider a $1 trillion package and a

$4 trillion package at the same time this summer. bottom line we have no clue what will be passed if anything, how much we will spend, what we will spend it on and when we will spend it. confused? join the club but we can tell you with absolute clarity that vice president harris is en route to texas were firsthand look at the border, she won't stay long it won't see the rio grande valley where the surge is strongest but at least she got there before donald trump. friday, june 20 fifth, 2021, "varney and company" is about to begin. ♪♪ i'm so excited ♪♪ and i just can't hide it ♪♪ stuart: that song, so excited, i am, the end of the week, we

have a great show for you. lawrence jones sitting right next to me. look at money, why don't you? that was an attempted shot at lawrence jones, there he is. gets me excited in the mornings. the dow is going to be up 150 points way above the 34,000 level, s&p up eight, nasdaq up 22, plenty of green as we end the week. look who is here, not just lawrence jones but mark tepper. he joins us for this hour. he will stand me for the whole morning. calm down. i have been sitting in the seat for 12 years and throughout that time, the stock market has gone straight up. there has been nasty selloffs but the trend line is straight up. how long do you think it lasts? >> we are in the early stages of the overall market but in

the short run the market is looking tired. the markets near all-time highs but if you look under the hood things are starting to look ify, fewer stocks making all-time highs, more stocks making 4-week lows, and during appear go of seasonal weakness and we haven't seen the 10% to 15% correction you normally see every year, the biggest correction is 4% or so. over the near-term you should brace yourself for seeing a 10% correction but use it opportunistically. stuart: for younger people, 30, 40, 50-year-olds or 60-year-olds are looking at a market that keeps going up. stocks are the place to be for your retirement money, correct? >> without a doubt. bonds over the course of the next we 10 years, we expect one% to 2% annualized returns, you will not get much there. advisors used to talk about a

6040 portfolio or 70/30. i don't know how effective those old-school models will be over the next 10 years or so when bonds will be big time underperformers. over the last 30 years as interest rates come down bonds have done very well but we are in a different environment today. stuart: we put the big tech stocks on screen, we had this week microsoft crossing the $2 trillion valuation level, they join apple, the ultra exclusive company club, big tech all over again breaking out all over again, new highs, three of the big techs there. it occurs to me they've got this breakout just as congress is developing a plan to break them up. do you think this goes on some more? >> i do. tech has been a dog all year, one of the worst sectors through the end of may around

the end of may, the second best-performing sector so far this month and a lot of that has to do with the 10 year yield pulling back. value outperforming growth all year and now it has reversed. microsoft in general, 800 pound gorilla in software. office 365, cloud business, everything is strong and when you look at the biggest tech behemoths, apple, microsoft, we on both but prefer microsoft because of the software focus, less volatile, more recurring revenues despite congress talking about breaking these guys up i think they will move higher. you can't go wrong. stuart: to the cryptos, elon musk tweeting again, he's going to debate jack dorsey about bitcoin and its use of energy and he's renewing his support for dogecoin which is gone up this morning, cryptos don't need tweets from celebrities,

they want big institutions. >> institutions are shying away right now so bitcoin is stuck in that range of 30,000, 40,000 and not breaking through so we see what the next thing could be or amazon accept payments and goes higher. stuart: don't start any speculation about that. i will rejoin you shortly. the main political stories vice president harris on her way to the southern border to visit el paso. 94 days after being tapped as borders are she's going to el paso which is 700 miles from the rio grande valley which is the epicenter of the border crisis. he is back, lawrence jones with me this morning, texas is being swamped, almost an insult to texas that vice president harris goes there for a couple hours. >> investing money to build a

wall, you have dps, essentially highway patrolman who are leading the state investigative agency that is supposed to be securing the state worried about a federal jurisdiction, to secure the border. the only reason is polling. we saw with crime as they dip in the polls, they change their position. overall they may be polling well but when it comes to the border and crime issue they are taking a hit. that's why they need this imagery, not really about doing anything, they are not changing their policy stance, until you stop the cartel criminal enterprise from going across the rio grande river you really aren't doing anything. stuart: that is true. donald trump is going to hold a rally in ohio. it is tomorrow and you know all about this. can he bring out the crowds

like he used to? >> i think so. this message do you miss me now goes to the interests of policy over his tone and i went to ohio to talk to those businesses. >> we have been forgotten about and that shutdown hurt two month and and he minimum-wage factor and how it will affect small business people. >> being paid to stay home is not good at all for anybody. >> used to be america was run by mainstreet stall town america. it has all gone to the big cities and populated areas. we have to earn back control we used to have. >> signs everywhere that people are needing employees. everywhere you go you have your pick of jobs.

>> wages of gone up, hard to find people who want to work. >> we are working to the max, doing what we can to get clients in the doors. >> it is a swing state in ohio and these are reasonable people not into the policies, they just want what is best for their community and business and they keep saying we don't have a work issue. business is soaring but they can't find people to do those jobs without increasing wages. as a result that will be passed on to consumers. stuart: we heard this across the country, whole industries, almost all industries can't get people to come back. you are a good man. >> number one -- stuart: for a man of your age you are okay. back in again. right now you are in cleveland, ohio, trump and his policies in

ohio. >> a lot of people miss, for the last story there is -- all these job openings are restaurant jobs, not true. i belong to entrepreneurs organization. there are 150 business owners in eight in my group, we meet every month. that last week all eight of us agreed we are struggling to find employees and a few of the companies said their employees are being poached as well. we are talking architecture firms, law firms, software firms, finance, all across the board. a lot of people want trump back. stuart: you are with me for the hour, talk to you again shortly. vice president harris is on her way to the border, she won't be there very long, she will arrive in el paso shortly. in washington senate minority

leader mitch mcconnell is not hopeful of president biden's infrastructure deal. he thinks it is a cave to the left. more on that coming up. futures, take another look, the dow is up 174 points. that is called a rally. what does kenny think of this rally, how long will it last? the age-old question. we will ask him next. ♪♪ turnarounds ♪♪ go to town ♪♪

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stuart: that was a live shot of british columbia where it is 6:15 a.m. and 66 degrees, just

beautiful, jpmorgan say they will bring employees back to the office no matter their vaccination status. mark tepper, do you think employees should be required to be vaccinated? >> you can know. i'm not anti-fax by any means. i had covid and made the decision to get the vaccine. the key is i had a choice. nobody forced me to do. what if you have a medical issue that would prevent you from getting the vaccine or just don't believe in vaccines, what if you had covid and believe those antibodies are effective enough? i don't think anybody should be penalized for that. when has anyone's health record ever been a prerequisite for work? sounds like discrimination. you can't ask people do you have this health issue or that one and consider that as a part of hiring somebody.

stuart: i think jpmorgan backed off from their insistence, you got to back away from that. let's look at apple, they are expanding their stores, very successful, these stores, they are pushing in-store events and in-store experiences. every apple store i have been to in the last 2 months has been jampacked in a line out the door. apple still at 133. let's get more on the markets. we will be up 150 on the dow, "the opening bell". i'm going to ask you the same thing i asked mark tepper. i have been sitting here for 12 years. in that entire time the market have gone up, the direction is apollo time, bull market. how long before the bull market is over? any idea? >> hard to determine how long it will last but i am with

mark. it feels a little tired but as long as jay powell continues to convince everybody there's nothing to worry about there is no alternative. money will continue into the market and you will see a rotation in terms of corrections. we started to see a couple months ago, the growth names, the tech names but we are coming into the summer, earnings season will start in 2 and a half weeks, we had a move up in the market ahead of what was expected to be another strong earnings season but it could be one of those like it was last quarter where the news is good but stocks back off a little bit, then september and october, seasonally a week time and investors get a chance to buy cheap. stuart: the money is there. we've seen numbers between 2 and a half, and $3 trillion in bank accounts, trillions being printed by the fed, agreement to spend more trillion dollars whether it is on infrastructure or covid relief, a vast amount

of money. if you've got a vast amount of money plowing into the economy it will plow into the market and send it higher. >> and it will. that is what we are seeing, that money is in all assets across the board whether it is real estate or commodities or stocks. until this slows down at the fed starts to pull back and the monetary policy -- i think yes, the path of least resistance will be higher with bouts of corrections, not what we need. the market needs to correct 10% or 12% to shake the branches and see who lasts. stuart: how are your investors feeling, people who invest with you? are they really anxious, wringing their hands, or just have a go at it, going straight up? >> they are in the middle.

most of my clients in our generation versus the younger generation, the younger generation is different with what the market is going to be but someone who is 65 has a more cautious youth. they are not panicked about where we are but it remains, they remain concerned, they want to know they have a balanced portfolio that will weather the storm but by no means are they panicked at all. stuart: that is good news. out of time but thank you for joining us. have a great weekend. >> you too. stuart: we have to economic indicators this morning, first of all income down 2% in may compared to april. that was widely expected because it is all about stimulus payments which arrived or didn't arrive. then we've got the inflation indicator, the core rate of inflation, 3.4% in may compared to a year ago, basically not that hot in terms of inflation

numbers, they did have an immediate impact on the market. it went up a little bit more. those are the numbers we got an hour ago. any reaction to those inflation numbers, tepper? 3.4%? >> not as high as i would have expected but look at what happened from an inflation standpoint in the last month or so. everyone talking about the rising cost of lumber. all eyes on that, there's not a lot of existing homes available-for-sale so the consumer started to shift toward building homes and the price of lumber went up 4 x over the course of the last year but over the course of the last 30 days lumber has dropped 40%. i was in the camp that i thought inflation was going to be longer than transitory and whether it is 6 months or 12 months i thought it was going to be longer but we are seeing may be jay powell is right, it is a transitory thing, these numbers are not as high as i

would expect. stuart: you check trillion that the economy and don't end up with long-term inflation. that would surprise me. you've got another 40 minutes before you can walk out of the studio. futures showing a lot of green, "the opening bell" coming up in a moment. take a look at virgin galactic. they got clearance from the faa to fly passengers to space and the stock is up 20% higher. more varney, more markets after this. ♪♪ ♪♪

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claim your seventy five dollar credit, when you post your first job at indeed.com/home. stuart: look at big tech go. apple and microsoft are down but had an enormous run recently. let's bring in mark mahaney. why the breakout recently and how long do you think it last? >> i think we are going to go through a market rotation. value is outperforming both for 6 or 12 months. as we move to the back half of the rent valuation framework shift into 2022, and 2023, you

will have secular growth companies start to outperform value because the growth scarcity premium will reassert itself. in this year caterpillar grows as fast as amazon because caterpillar's cyclical recovery won't be the case. you have the leading tech companies, only the highest quality companies grow faster than the market, the market will reiterate higher. you are getting closer to the breakout moved behind the recent 52-week highs. stuart: do we know what proportion of the s&p is made of or by the value of the 5 tech stocks? >> not off the top of my head. the s&p 500 -- i'm sorry. stuart: i just remembered 30%, big tech, 25% or 30% of the

market. it seems they have an extra ordinarily commanding position in the marketplace at the moment. i read your stuff and see that you expect amazon to go to $4,500 a share. what is your timeframe and what is your reasoning? >> that is 12 months. i continue to like facebook, google, uber, those are our favorite pick in mega internet land, amazon, that stock is underperformed today. this is a contrarian call. i think the court fundamentals haven't changed. we just had amazon prime day earlier this week that generated $5 billion in net revenue and still growing 20% year-over-year which is impressive for company of this size. there are regulatory risks but the ability of the company to grow at that level that quickly and generating the kind of profits that they are, big tech

is a huge cash generating machine, facebook, google, microsoft, apple, amazon generate more cash than any other company in the world and have higher market caps, there is some logic here. stuart: we are in our of their performance. thanks very much for joining us. 15 seconds to go, he will reach down and ring that bell. we are off, a few seconds away and then starting friday. we are going to show you how we open up this friday morning. we have opened up on the upside, that was close to 200 points right from the get-go, a gain of half a percentage point. no idea how we close this afternoon but we are open with a strong rally. dow is up half a percentage point. the s&p just hit another all-time high. i lost count, 28, 29, maybe 30 but all-time highs go go for the s&p this year and the

nasdaq composite hits twentieth record high yesterday up another fraction today up 29 points, new high number 21 for the nasdaq, stocks up across the board. let's get to big tech, they opened all of them but google and facebook on the downside but not by much. the other three on the upside but not by much. you can't forget nvidia. they have been an extraordinary performer, a 4 for one stock coming up soon that usually boosts the share price. it has done that this time around, 772 as we speak, another half of one% higher. virgin galactic got the green light to fly passengers to space. they are up 18%. mark, come back in again. do you invest in the private space business. >> i'm all for crossing items off the bucket list but i'm not sure why there is a renewed

obsession with space travel. it is like 250,$000 for a short trip into space and virgin galactic claim their target market is people with a net worth of $5 million and above. i think it is more like $10 million and above 2 foot or 250,$000 bill. that drastically reduces what the street is working off of but when it comes to virgin galactic i'm interested in their hypersonic flights. if you can get me from new york city to la in an hour that of a game changer. i'm interested in that. stuart: i miss the old concorde. you are too young to have flown it but i was on it a couple times. nike. show me that. i'm sure it is up 13% higher, record revenue, digital sales way up. here's my concern. will this trend, what is going to happen when we go back to work? are we going to change the clothes that we wear?

it won't nike take a hit from back to the office? >> i don't think so. i am in the process of trying to upgrade my air jordan one collection and they are sold out. my kids are trying, even when guys are wearing suits, maybe you have noticed, more sneaker dress shoes than the white bottoms as opposed to the old black soul, it is there for the next three years. people dress back up a little bit but there's nothing wrong with it. stuart: if you say so. moving on, i don't talk fashion very often. car max is up 4%, strong earnings, 138% rise in revenue.

more people opted for personal vehicles over public transportation because of the pandemic. fedex is way down. this is due in part to higher labor costs and plans to boost capital spending which would reduce their future profitability. what do you think about demand for delivery services in the future? >> it will remain high. obviously a big quarter for fedex. on the headline numbers, the margins missed, they will be ramping up. when i look at fedex versus ups, fedex is focused on business-to-business whereas ups is more business to consumer. that is where you want to be, business to consumer. that is where we want to be when it comes to delivery. stuart: the stock market has been open this friday morning for almost 5 minutes and in those 5 minutes we have seen

the dow industrials go up 150 points, these are the dow winners, nike top of the list, up 14%, american express, american express, chevron, 3m, honeywell making up the top 5 of the dow. the s&p 500 winners, nike are winning, under armour is up 3.5%. then end phase energy and carmax around the upper top 5, nasdaq winners headed by netflix. 2 and a half%, $530 a share on netflix. i want to see tesla stock up $10, panasonic sold their entire stake in tesla bringing in $3.6 billion. panasonic was an early investment. don't know what price they bought tesla asked but they have sold it and they were a major battery supplier to tesla. mark, i am beginning to feel

the hype around tesla is fading. what say you? >> without a doubt. competition is coming from tesla and tesla is losing the first mover advantage they had a by day. the semi conductor shortages and helping them since they are struggling to produce vehicles and it is giving the competition a chance to catch up. they've got to watch out, gm, volkswagen, ford, porsche, they are coming for a share of the market, tesla's valuation will be tougher to grow from here and it will be under pressure. stuart: let's talk drinking alcohol. i believe you like constellation brands, one of the largest alcohol companies in the world. you like him. why do you like them and where do you think it is going? >> they got earnings next week. it is summertime. it is corona season. it is seltzer season. when you look at constitution

grand, their on premise business, the restaurant business is rebounding, off premise is strong because it is summertime and by the way in the seltzer space, you've got a bunch of competition. my opinion, corona seltzer is the best, it tastes better, you've got to give any world, less sweet, more refreshing. stuart: i will remember that. what's this about the tara -- and ata rra. why do you like them? >> a liquid biopsy company. they have a big prenatal business to keep the lights on. oncology is where they will hit the next home run. this is the future of medicine, more cost-effective way to identify red flags in someone's health and less invasive as well. stuart: they've got that technology. you like transmitter x group. don't know what they do but you like him. >> amazing company

revolutionizing the way transplants are done. 70% to 80% of heart and lungs go to waste because they sit in an ice box and don't last long. these guys essentially keep the organs alive, warm with blood flow so this is a game changer. i think stock could double in the next 12 months. stuart: it is frozen, the board froze on us. you think it will double from where it is now. >> the ticker is tmd x. stuart: got to tell you you've got time to send your questions in for friday feedback, the email is varneyviewers@foxbusiness.com. passengers can finally return to the high seas, ashley webster is on board the first post covid cruiseship, we will take you there next.

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stuart: we are up but not that much, nice gain for the dow up 140, most of that accounted for by nike, s&p and nasdaq up slightly. show me wendy's, home of the bacon jalapeno cheeseburger, and this comes after duncan took their sandwich off the national menu. ever heard of sweet green, a salad chain, 122 locations across america filed to go public. greg smith has been an investor in this company, sweet green, back since 2018, tell me all about the company and then you

can tell me about the ipo. is a cult following or something? >> you and i aren't getting any younger. it is exceeding 42% from 30% back in 2000 you and i have to figure out how to fit in our skinny jeans. along comes sweet green founded by three college classmates out of georgetown in 2007 when they opened their first unit and today they successfully developed a cultlike following of young americans where they are focused on freshness and transparency, not only at the restaurant level but the supply chain and the big focus on community. historically healthy fast food was an oxymoron. it didn't work. people wanted their burgers, fries, didn't want salads but what sweet green has done is

changed all that. any time i see such a passionate engaged consumer base what that says to me is we are going to have a cultlike stock. you look at apple, apple was the first and today others have followed. we have palatine, tesla, chipotle. they will fall on their shoes, they have a federalist product. i look at the credit card receipts of my teenage kids, a boy and a girl, how much they charge at sweet green and it tells me it is going to be a winner. stuart: tell me how much do they charge? i am trying to get a size of the check for each customer. is it midpriced? expensive? real cheap? >> people get out for under a $20 bill with a healthy offering. stuart: that is for one salad just under $20? >> i said under. you can customize your salad bowl. the s number one filing, i would guess their average spend

is around $15 or the $14 mark. 122 units growing rapidly and they produce a fabulous product. if you look at their millennial customer base these are people willing to pay a premium knowing where their food comes from, they talk about having 300 sustainable farmers, so that to me is a premium product that is fresh and delicious and people will pay for it. stuart: 10 seconds, when does it come to market with the ipo? >> they had a confidential filing. i expect this to happen in the next month or so. we don't know the details, timing or pricing but we know it is coming and i think this will be a cult stock. stuart: i'm always interested in cults. thank you, appreciate it. you've got an investment in sweet greens already. tomorrow, the first post covid cruise will set sail from florida.

ashley webster is on board the celebrity cruiseship, eight on board, waved during the commercial. are there any restrictions to stay on that ship and fail? ashley: i am in a giant martini glass which serves as a hot tub on board. where else would you find me? the cruise tomorrow, the first to leave a us port in 469 days. i did the math since the no sailor went into effect on march the fourteenth. everyone sailing tomorrow when it leaves port will have been vaccinated. it will be operating at 35% capacity. this ship can take 3000 passengers. it will not be full but everybody will be fully vaccinated and that means they don't have to wear masks or anything else. the chairman and ceo of royal caribbean which owns this particular ship said we are

taking every precaution, we can't do much more than that but he says people should feel safe. >> our objective is not to prevent anybody from ever getting sick. you can't have that anywhere in society. a couple people get sick, they are isolated, close contact are isolated and everybody else moves on and that is better than you have on shore. ashley: there you go, he says we are doing everything we can. this is not a family cruise ship, no roller coasters or zip lines, climbing rock walls, that kind of stuff, i was kind of disappointed, it is more of an adult should, there's a casino on board, we will do a lot of exploring and the back in the 11:00 hour but the good news is finally a cruise ship is leaving the us port, a sign of life. stuart: we will go back to you later. mark tepper, you don't seem like a cruise kind of guy to

me, are you? >> why do you say that? personally i prefer going to a destination. cruises are okay. when we talk travel overall this is great. the globe is officially reopening. look at the tsa throughput numbers, back above 2 million a day, we are getting closer to pre-covid levels. when you look at the cruise lines from an investment standpoint there is a great opportunity out there to invest. still 50% below pre-covid levels and bookings for 2022 were higher than they experienced in 2019. stuart: i want to thank you for joining us for the first hour, we hope you will come back soon. mark tepper, thanks very much. remember this one. mumford and sons, bandmember winston marshall canceled because of his support for concern lift -- conservative journalist andy know.

is leaving the band so he can, quote, speak freely. we talk a lot about cryptos but how much does the general public know about? we sent mike gunzelman. ♪♪ got to know when to hold them ♪♪ know when to fold them ♪♪ know when to walk away ♪♪ no one to run ♪♪ you never the lexus es. every curve, every innovation, every feeling. a product of mastery.

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stuart: let's bring in mike gunzelman. you went out to see what the public knows about cryptos. what did you find? >> all the talk, does the average person understand it, what generation is investing in it, all new guns on the go. >> do either of you own bitcoin? >> i don't, my son does. >> had it for a while.

>>, >> >> and do you feel it is agenda the type of thing, >> if you learn how to trade it and make some money you can but we are slow to win it. >> i have two kids 13 to 14 and they are into that, they talk about it, they know about it, they teach me. >> depends on the person, invest in the future going with crypto currency. >> not much older. >> if i give you 100,$000 is in and staff or do you want it in digital crypto currency? >> about digital currency i would jump on the bandwagon. >> i would take it anyway you want? >> i would say crypto. >> i would take it on digital currency.

100,000 in currency doesn't mean as much as the bitcoin in 5 years. >> did you take your stimulus check and invest some of it into crypto. >> how much did you put in, dogecoin. >> there you have it. we found the younger generation, and social media, good stuff. and so is steve thousand, second hour of varney coming up next. ♪♪ that's why td ameritrade designed a first-of-its-kind, personalized education center.

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just based on the interest rate and how much i would be saving. there was only one that stood out and one that actually made sense and that was sofi personal loans. it felt so freeing. i felt like i was finally out of this neverending trap of interest and payments and debt. ♪♪ ♪ i can make your hands clap. ♪ said i can make your hands clap ♪♪ stuart: i can make your hands clap in all right, let's go. good morning, everyone. 10:00 eastern. straight to your money. an all-time high for the s&p earlier today. i think that's number 28 or 29 of the year. dow industrials moving nicely ahead, up over a half percentage point. big tech all right now on the downside, not by much. it's not a huge selloff, but there's plenty of red amongst the big tech stocks.

and here's the 10-year treasury yield moving up to 1.51%. maybe that's what has upset big tech, because whenever interest rates go up, big tech tends to take something of a hit. that's apparently happening right now. we've got the latest read on consumer sentiment. lauren's next to me, do we have the number? >> yes. 85.5, so a full point lower than expected. digging into this a little bit, the 12-month inflation forecast up 4.2%. so consumers continue to weigh higher prices, yet it'd be a good job market for them as well. stuart: they see higher interest rates. 4% inflation. >> inflation, yeah. stuart: and maybe that's why we've got the nasdaq down 26 points as we speak. that 10-year treasury yield inches up. let me tell you this, vice president harris has landed in el paso, texas. she's going to be touring a border facility in the next hour or is so. we're going to monitor this for

you, and we'll wring you any up-- bring you any updates as we get them. she hay make some comments after getting out of the plane. if she does, we'll bring them to you immediately. and now this. confused about infrastructure? join the club. surrounded by a bipartisan group of senators, the president announced a trillion dollar plan. but at this point, we do not know how much we're going to spend, what we're going to spend it on and when we're actually going to spend it. that trillion dollar plan, well, for a start, biden himself says if this is the only thing that comes to me, i'm not signing it. he wants it loaded up with more social stuff, so that $1 trillion deal started coming apart within hours of the value office handshake -- oval office handshake. the democrats on their own will propose if a separate $4 trillion plan. this is where all the social infrastructure comes in.

they will use reconciliation to get it through the senate. that means they need all 50 democrat senators to vote yes. yes to spending another $4 trillion to make america much more like europe. so throughout the summer, we're going to have dueling deals. senate leader schumer pushing the $1 trillion and the $4 trillion package through at the same time this summer. the natural assumption is, of course, there'll be a compromise. somewhere in the middle. that assumes that somewhere, somehow they'll find 50 votes to spend somewhere between $1-4 trillion. that's a little doubtful, isn't it? the left is already making a lot of noise. aoc runed the bipartisan group -- ripped the bipartisan group of senators. they lacked diversity. and bernie sanders, he wants $6 trillion, forget about 4. to repeat, there is no guarantee that anything gets passed, and if something is passed, we have

no idea how much we'll spend it or how much we'll spend -- what we'll spend it on or when we'll spend it. got that? second hour of "varney & co." about to begin. ♪ ♪ stuart: tammy bruce with us this friday morning. senate minority leader mcconnell says president biden is caving to the left on infrastructure. do you agree with that? has biden caved yet? >> i, i don't think he even knows what he's doing. look, this entire or infrastructure plan if, the spending is like a bunch of drunk people playing monopoly. they don't know, they don't care, they're having fun. the money is green, the money is red are, the money is yellow. it's extraordinary. and if mcconnell was really so worried, then what were republicans doing at the white house in this bipartisan deal? it's funny, the republicans under its leadership seems to be able to get stuff done when it wants to. you know, they just stopped a bill the other day, the election

overhaul bill. they managed to stop that x. other times they forget to cast proxy votes, and budget things fly through, and they shrug. i think this is really the establishment, the swamp, you know, maneuvering to get things through that they want. but really they expect both of those bills, stu, to go through. they want to do the one bill that the republicans would vote for which is the lower than $1 trillion bill that was bipartisan as well as moving then separately -- there's no compromise -- the bill that they'll do with reconciliation. so it's a big gain. they'll get their $6 trillion infrastructure that they believe they want and they think they're going to get by doing it in two separate dances. and if mcconnell and the republicans go along with it, it'll happen. people need to speak up. constituents need to speak up because this is not just going to bankrupt us. we see what's going on with inflation. the price of food, the price of gas, this strikes the middle

class. the average working people that they still want to have go back to work and then gas is $5 a gallon in the west, and a sandwich at subway is twice the price. i mean, this is another tax on the american people because these boys and girls are having fun with money that they did not earn that comes from our paychecks. stuart: you've got it right. boys and girls having fun with our money. [laughter] good fun. thanks, tammy. i'm just going to refer to the left-hand side of thing screen here. vice president harris has a arrived in el paso. she's beginning to speak, and we're going to listen. >> -- congresswoman escobar. we have a day planned that will be about as much as anything addressing the effects of what i've already been addressing which are the root causes of migration, predominantly out of central america. you've heard me say many times, most people don't want to leave home. and when they do, it is usually because either they're fleeing some type of harm, or they

cannot take care of the simple and basic needs of their family by staying where they are. and so we are here today to address and to talk about what has brought people to the u.s. border. and, again, continue to address the root causes that cause people to leave and often flee their home countries. so i'm proud and honored to be -- [inaudible] secretary, i'll let you say a few words and then, chairman, madam congresswoman. >> thank you very much. to build on madam vice president's comments, as everyone knows -- stuart: okay. we've heard from the vice president. let me encapsulate exactly what she said. she's here to look at the people fleeing harm who cannot take care of their basic needs back in their home country. she's going to address the root causes of this migrant, this migration to america. she did not mention anything that she might do about it to stop the flow here and now at the border. we're going to keep you in touch with all of this.

we'll follow the vice president as she tours a facility nearby. she's only going to be there for a couple of hour, and then it's off to california. i don't know how it goes down with texans. i mean, she's only going to be there for a couple of hours. 94 days since she was appointed the border czar, and the people of texas are paying themselves to build a wall. so i don't know how texas feels about the vice president's visit, but we'll keep you up-to-date with what she is doing. back to the markets, please, because new high today for the dow industrials, now up 214 points. we've still got the nasdaq slightly lower. jonathan hoenig joins us this friday morning. do you think there'll be a reversal in the markets despite the reopening of the country? >> yeah, i mean, stuart, the old saying goes, don't fight the tape. the tape has been off new highs today, new highs just a couple of days ago. the tape has been up almost unrelentingly as you said in the earlier hour for 12 years. this is a bull market that hasn't just emerged since the

pandemic. this has been going on for quite some time. look, it's hard not to be a bull given that positive backdrop. but what i've noticed is what's happened over the last 12 years is it moved from fear to greed. a stat out this morning, 50% of people have invested their stimulus checks into the stock market that's quintupled from just a year ago. a lot of people buying dogecoin, bitcoin and that kind of greed, that kind of enthusiasm tends to coincide with tops in the markets, rather than bottoms. stuart: i hear you are shorting big tech. in other words, betting that big tech goes down. now, you're rubbing -- >> you're rubbing my face in it. look, it's been an expensive lesson. absolutely, but i just remember -- yes, i have been shorting, very unsuccessfully. we've talked about it here on this show. i just remember back in 2000 when the future seemed so bright about those technology stocks. we had been fearful about y2k,

overvaluation, but the or year end arrived and exactly those same stocks, the microsofts, the sun microsystems flatlined for a decade. that's my fear, stuart. it's been an expensive trade betting against big tech, but i still think the next bet is down. stuart: are you still betting against it? are your shorts still on? >> well, yeah. they are still on. my shorts are still on, and my shorts in the market are still on. stuart, as we always talk about, where people go wrong in the market isn't that they make a bad trade, but they make an all or none decision. now is ad good time to have some short exposure, but don't make it an all or none decision because the tape still strong. highs in the market tend to beget more all-time highs in the market. stuart: i need personal investment advice from you, jonathan, right before the weekend. you know that i'm in my early 70s, and i've got quite a lot of microsoft in my pension plan. if i were to sell microsoft, i wouldn't pay any capital gains

tax, i mean, not until i take it out of the irk ra and 401(k), so should stuart varney sell some of his microsoft today? >> i just can't believe with, stuart, i don't believe that you're in your early 70s. i assume we're talking 45, maybe 46th year. you wear it very well. along -- exactly. flattery will get you everywhere. i'm told it's the mother's milk if or something like that. look, it's always about the individual choice, stuart, when it comes to our own investment decisions. microsoft is among those large cap stocks which keep breaking out. i believe you should use what's called a sell stop order. sell on the way down. if it goes from 100 to 70, you sell a little bit. 70 to 60, you keep selling a little bit. as long as it's moving higher, don't get in it way. stuart: a very diplomat ific answer. [laughter] sir, see you soon. have a good weekend. >> be well. stuart: lauren's been watching movers this morning, in particular nike. >> have to start with nike.

i think every consumer brand ceo is looking at this company and saying let's call a board meeting. how do you compete with this? it's amazing. sales doubled, hit a record in the quarter, they raised their full-year outlook. huge demand. they limited stock of some popular items, they have that sneaksers app. you can't find an analyst who's not bullish on nike, so so tremendous winner. now, the flipside would be fedex. their forecast missed, they can't find enough workers, and the stock is down about 5%. when you can't find labor, it becomes expensive for you because you have to pay your existing workers overtime, right? and reroute packages, and they had to do that a bunch of times when they didn't have enough workers at certain facilities. so they're spending more money to increase their capacity, that's the negative, and their rival ups is pulling back. virgin galactic got an faa first, the approval to fly people to space. so it's up, whoa, 20% right now.

it's actually up 70% this year, virgin galactic. stuart: how many people are going to pay $250,000 for a very brief ride to the edge of space? >> i know richard branson and jeff bezos, i'm not sure they're paying, although they could, they're in a race to see who goes first. stuart: that's it. but it's quite a big deal. >> small industry that's growing. stuart: look at this, here's a headline. even the skies are going woke. uh-oh. an faa group wants to swap out words like airman and cockpit for more gender-neutral term it is. we'll have details on that ahead. plus, mr. car wash goes public. the car wash chain set to debut -- the offering price is $15 a share. we'll see what the first trade is at, but i'm going to talk to the ceo about it. what's so special about the car wash? we'll tell you. vice president harris has just arrived in el paso moments ago. but she's hundreds of miles away

from where the migrants are actually arriving in real numbers. we're going to cover it all as the second hour of "varney" rolls on. ♪ seems like i'm going to lose my mind. ♪ you just keep on pushing my love over the borderline. ♪

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stuart: the markets still show a very healthy rally for the dow industrials and a minor loss for the nasdaq. it's down 4 points. look at the is s&p, please, we hit several record highs in the past couple of months, i think it's 28 or 29. these are the big winners. nike, way out front, top of the list. up 13. carmax is up 5%. darden restaurants, 3. and some very big winners on the s&p 500 list.

let's get back to the border crisis, and crisis it is. as you can see there, vice president harris has arrived in el paso. she's about to tour a border facility there. well, our own casey stegall is there. casey, it's a short visit. what's she going to get done in the few hours that she's there? >> reporter: yeah, stuart, she is going to be here just for a couple hours, and then she's off to california for some personal time. first, we've got to say that, you know, it's been now nearly four months since we first started reporting on the situation here at the southern border, and as you know, it has since then been around the clock coverage. during that time there have been multiple calls from both sides, republicans and democratsings for president biden or vice president harris to travel here and see it up close. so toed is the day. any -- today is the day. any minute now she is going to first tour the el paso border patrol station and processing

center. she'll be talking with agents working the front lines. she is then expected to meet with a handful of ngos, or nongovernment organizations. they're essentially volunteer or nonprofit groups like catholic charities who have been assisting with the migrant surge. now, while the white house defends the timing of this trip, critics say it should have happened much sooner. >> we didn't want to have anyone visit at a time where it'd be disruptive to efforts and progress being made on the ground. but they made that assessment, can and she has said just a few weeks ago that she'd be open to going to the border at the appropriate time. >> reporter: it's not even fair to say that she's a day late and a dollar short. she's nearly 100 days late and 1,000 miles short. >> reporter: now, vice president harris has traveled to guatemala and mexico in recent months and met with their respective leaders to help address what they call the root causes of migration, but since then cbp data has not shown any

real declines when it comes to the number of apprehensions or encounters down here along the southern border. the vice president's office, by the way, denying claims that this trip was scheduled once we learned that former president donald trump will be visiting the southern border with texas governor greg abbott next week. the vice president's office saying that that was not why this was put on the calendar. but, again, only here a few hours, meeting with a handful of people, then off to california. stuart: got it. casey, thanks for joining us. see you again later. right now let's bring in the former dhs acting secretary, that is ken cucinelli, right-hand side of the screen. moments ago the vice president said she's there, she's at the border to address the root causes of this migrant -- [laughter] surge. but she didn't say anything about what she was going to do to stop it in the here and now. >> right. well, they don't want to stop it. i mean, you all notice she went

to guatemala and mexico. the presidents of both of those countries blame the biden administration for the massive increase in illegal immigration flowing north. both of them. so they recognize it just like you and i do and every other american does. they're not after solving this problem because, stu, they don't see it as a problem. they want massive illegal flows. look at the voting bill that was defeated just this week. in that bill they had mechanisms to register all these folks to vote. so that's their plan. that's why they haven't taken a single step to actually stem the flow of illegal aliens into the united states. instead, all the steps they have taken are to facilitate that flow coming into the united states. stuart: listen to this, ken. congresswoman veronica escobar, she was traveling, i believe, with the vice president. she says el paso -- she just

said this -- el paso is the new ellis island. do you want to take that on for us? >> sure. my family came through ellis island legally. and, you know, the comparison really shows you that they don't care about the law. you know, we've had over 140 years of legal requirements to come to this country, and we naturalize more mexican, for instance, citizens as u.s. citizens every year, year in and year out, than any other country. our legal system works. but that isn't good enough for these radical leftists including the vice president and the president who's really very much their tool. they want to flood the u.s. because they believe that these people that they facilitate coming in illegally will vote for their candidates even though it's devastating to america's poor, it wipes out their jobs,

it depresses their wages, it does all kinds of things that are very unhelpful to americans who are already here and who we should be taking care of. stuart: ken cucinelli, i think you're absolutely right. i don't think they want to top the flow. thank -- to stop the flow. thanks for joining us, sir. >> good to be with you. stuart: president biden has just approved emergency disaster relief for that condo that collapsed in florida. lauren -- >> -- 33 hours, so now the rescue workers are dealing with debris that continues to fall. there's actually fire in that rubbles at times to find anyone that's trapped. four people dead, 159 unaccounted for. it was a 12-story tower. it collapsed in the middle of the night. video showed the entire side of the building crumbling down in two sections. in seconds. we don't know the cause. it was undergoing roof construction and some other repairs at the time.

some experts are saying it could have been the salty miami air that corroded the steel. we don't know, but what a terrible story as they still search for if life under the debris. -- for life. stuart: 159 still unaccounted for. >> correct. 159 people. stuart: lauren, thank you very much. florida colleges will be required to survey their students and staff about their politics. sounds interesting. do you think that's a good thing? i'll ask charlie kirk who returns to the program in just a moment. first though, better up batter up. sports fans at nationals park can now bet on gains from their seats. we're going to take you to the stadium, tell you all about it. ♪ ♪ fear up the crowd, clear out the dugouts -- ♪ we're gonna get real loud ♪♪

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♪ stuart: one hour's worth of business, 224 points' worth of gain for the dow and, look at that, the nasdaq has now turned positive. all three indicators in the green, a modest rally across the board. have a look at the cryptos. earlier today they were all down. they're still down. and if lauren's with us.

you've got something on musk again? >> yeah, you know, these celebrities, if you will, they start tweeting, and the price of crypto starts moving. jack dorsey, the ceo of square and twitter, he's a bitcoin supporter, elon musk prefers dogecoin. so jack dorsey tweets about how psyched he is for this upcoming bitcoin conference, and musk's response: how many bitcoin maxis does it take to screw in a lightbulb? that's a name for someone who really loves bitcoin. so he just poked fun, and prices fall. you can't make this stuff up. stuart: no, you can't. >> the upshot is jack dorsey and elon musk are going to sit down next month and talk bitcoin and cryptocurrency, so that's going to get a lot of ears. i have one more for you, robinhood, the popular app for the masses? reportedly, the sec has delayed their ipo planned scheduled for

july until perhaps if september because of the sol -- volatility of the trades. that's something to look at -- stuart: another reason for the could downside move. in my opinion, what the cryptos need is news that the big financial guys are moving into it and are going to use it as a currency or something else. >> not many of them are, jpmorgan rate bearish. they're valuing it at 23-35,000. going down some more though. well, far from 65. stuart: i think fewer headlines if musk and others would help cryptos, not hurt them e. >> yeah. i hear ya on that. stuart: lauren, you've got one more. >> oh. stuart: yesterday we were talking about the big banks, they went through the stress tests? 23 big banks passed so, lauren, that frees up all these dove tend payments -- dividend payments. >> yep. stuart: when do we get the

money? >> in about a month. the dividend plans were put on hold because of the pandemic, but now they can unleash money. i total told you one estimate of $130 billion yesterday, but bar clay's says $-- barclays says $200 billion. the banks not doing as well today, but the bank index is up 28% this year, more than double the s&p. stuart: i'd like to keep in touch with that. left-hand side of your screen, vice president harris is now touring the migrant facility, as it's called, right there in the el paso border town, okay? earlier she arrived, got off the plane, made a few comments to people around her. she said she was there to address the root causes of the migrant crisis. she did not say how she was going to stop it. one other quick thing, veronica escobar was traveling with her, she says -- she's a representative from the el paso district -- she says the new

ellis island, that easel paso. that's el paso. i think we can delve into the reasons for her saying that at length, and we will do that later on. change the subject, listen to this. the washington nationals park, the first major league baseball stadium to allow sports fans to bet on the game from their stadium seats. ward lawrence, he's right there. -- edward lawrence, tell me how it works. >> reporter: it works on your phone using gps. the more than gaming association says -- the american gaming association says revenue on sport betting increased 270% from the first quarter of this year compared to last year. nationals and other ballparks, games, major league sports are trying to capitalize on that. and what they've done, it's a pickup. i can stand right here -- it's a partnership. i can bet on any sports as well as the game in progress, and it's a partnership between the nationals as well as bet mgm. and what they do is they use a

geo location in the app, so you can actually, they know exactly where you are. you can bet in a two block raid yous around the stadium as well as inside while the game is actually going on. bet mgm is opening a sportsbook inside or attached to the stadium. now, because of regulations in d.c., the entrance can is on the street, not from inside the stadium. for the nationals, they say this is all about the fan experience. >> there's certainly going to be a heavy overlap between the sports betting fan and the baseball fan. there's going to be fans that are one and not the other, but there's going to be an overlapping fan too, but i think's where we need to be most careful, make sure we keep our family-friendly environment but still offer all kinds of different experiences. >> reporter: and it took two years to get to this point. they had to negotiate with the d.c. government to have this as well as getting the negotiation between the two parties, bet mgm as well as the nationals s. and mike carney says other major

league baseball teams are looking at doing the same thing as they see the revenue that could possibly be generated as well as the fan experience. stuart: won't be long before you can bet on anything, anywhere at anytime. edward lawrence -- >> reporter: yeah, it's headed in that direction. stuart: thank you. there's still time to send in your questions for friday feedback. first, though, mr. car wash set to go public at any moment. today, actually. i want to know why this car wash is going public. for the answer, i'll ask the ceo. he's next. ♪ working at the car wash, yeah. ♪ car wash, car wash, yeah ♪♪

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♪ all i wanted was a car. stuart: all i wanted -- i didn't catch the lyrics there. all i wanted was a car. [laughter] and we show you a picture like spaghetti junction? very good. very good producing there, sports fans. yore looking at milwaukee. friday morning, 67 degrees right now. okay. mr. car wash, okay in the it's a tucson-based car wash company, obviously, and they are going public today. we're joined now by the chairman and chief executive officer, many john lye. john -- mr. john lye. great to have you with us. here's an opportunity to tell us what's so great about mr. car wash. what makes you so special over you're one of the biggest car wash chains in the country? >> yeah. so forget about size. i think what we focus on is all the fundamentals. so you get a clean, dry, shiny car incredibly quick, and we do it with our amazing staff. our point dump shakes is our

people, and we're a people-powered company. one of the things that makes us very special is that for us hospitality is at the core of what we do, and most people don't expect that in a car wash exi pierce. stuart: yeah, i don't expect that, but with if i get it, i like it. i've looked at the numbers, and it seems you're trying to raise about $600 million. i think i'm accurate there. what are you going to do with that money? are you going to expand into more than 300 locations? >> yeah. we're going to continue to reinvest this our infrastructure, pay down some debt, get a rock solid balance sheet and tune ourselves up for continued growth. for us, this is just the beginning. in the overall scheme of things, we're relatively small, in our view, and the opportunity to take it to the next level is right in front of us. stuart: i imagine that the best profit margin is when you do detailing work, you know, $100, $150 to make everything shiny and new, as opposed to the $0, $12, $13 drive-through, that's

all you get, the exterior wash. am i right? >> actually, no, you're wrong. [laughter] we focus on express exterior car washes. we're not into the detail business, and the exterior model for us has been wildly popular with our customers. they love the ability to get in and out quickly and get on with their day. so in our environment, we can wash a car in literally under five minutes, and our customers particularly in this drive-through environment love the fact they can get their car clean, get on with their day and if do it in a really, really speedy way. stuart: does the price change from state to state? >> so we do price reasonably, but i think the most important distinction about our business model is we have shifted and migrated towards a subscription-based business program that allows people to come in and wash their car as often as they like for one flat monthly fee, no long-term contracts, no up-front membership fee. and that convenience and that

value proposition has allowed us to grow to 1.5 million unique members, which is amazing. stuart: in florida there's a subscription service to a car wash, it's $30 a month, and you can take your car as many time times as you like in that one month. it's just $30, flat rate. i don't know whether it's a mister car wash, by the way, but it sounds an awful lot like you're offering. >> we have a 19.99 express package and a 29.99 express platinum package, and those two programs are wildly popular. in fact, half of our members are in the 29.99 package. stuart: the platte if numb package gets me a car wash every single day for a month, if i want it. >> incredible. not only that, it gets you our hot shine shield and our -- [inaudible] stuart: sold, sir. i didn't know all of this. you've enlightened me.

look, best of luck with the ipo today. you haven't got the first trade yet, but we'll cover it for you when you do get that first trade, and thanks very much for being on the show. >> thank you. i just want to say a shout-out to the 6,000 great men and women that work in the car wash, thank you so much. stuart: we gave you a commercial. john lye, you're all right. see you again soon, sir. good luck. back in again, lauren are. you're looking at the movers. vulcan materials. >> up about 3% yesterday, they are up begun today. a material company -- again today. the big infrastructure deal announced yesterday, this tock and some of the other names -- [laughter] stuart: i was thinking dr. spock out of star trek -- >> no. [laughter] stuart: all right. >> they also got an upgrade from jeffrey's. so construction-related stock, right? that infrastructure plan if, whatever happens with it, i also boosted tesla. tesla is a winner today, it's up 10% this week as well. here's the deal with that

infrastructure plan. no new money for ev rebates which would be huge, but tesla and general motors, they no longer receive them, obviously, they would want to again. but there, obviously, is a huge commitment by the administration for green, so tesla's a winner. the consumer is a winner as well. so banks are your number one sector today the, but consumer discretionary is number two. leading the s&p 500, nike, of course, carmax, darden restaurants, olive garden's parent, under armour and etsy. so the consider is strong, and that is the leadership for the broader market. stuart: i'm not surprised with consumers having $2.5-3 trillion in bank accounts spending like crazy. there's a lot of money out there. i'm not surprised those stocks are up. under armour is up 2% and virgin atlantic, they got a major stamp of approval from the faa for space flights. you can go. the faa says, that's okay, go, fly. does it mean that anybody can fly? >> eventually, yes. so this is the first time the faa issued this type of

approval. it's for richard branson's virgin galactic. flying eventually people to space, and it looks like july 4th weekend richard branson might be part of those -- one of those people as part of a test of manned aircraft. 600 people have reserved spots to go to outer space. we don't know how much they're spending, but at least $200,000. the first fully-crewed test flight is expected this summer. like i said, it could be richard branson. it will be jeff bezos with his blue origin company at some point. we'll see who goes first, but this is a new, interesting market apparently worth a lot of money, very risky, but suborbital flight. stuart: it's fascinating that branson and bezos want to be first. it's like trump saying i'm going to the border, but harris jumps and says -- >> i'm going first. this is more risky. i don't know right now if you paid for my flight to outer

space that i would feel confident going. stuart: wouldn't you go otherwise? >> i don't know. i think i need to see a lot of other people go first. would you go? stuart: no, not really. we had a balloon operate on the -- operation on the show yesterday. you could take a balloon to the edge of space. i'd do that. i think it was -- 125,000. >> a parachute and -- stuart: it's a closed balloon. up you go, you swarm around a little bit, down you come. i could do that. no risk. an finishing aa advisory group wants to change words like airman and cockpit to gender-neutral terms. they're scrubbing the language. >> yeah. they're doing this throughout government and throughout much of america. so this group advising the faa, they say instead the of saying airman, they say aviator. instead of cockpit, flight deck. fabricated instead of man made, all in the sake of being more

inclusive and gender-neutral. it's the p.c. police coming for more of our culture, this time coming for the aviation industry. stuart: i don't object that much. >> really in. stuart: i don't except. we used to talk about i stewardesses in the air. come on, that's old old-fashion. they're flight attendants, nothing wrong with that. >> if your employees are complaining that using these words rick makes them feel nonwelcome in the industry, i would understand it. other than that, i don't think people get offended by some of this language. stuart: just wait until the 11:00 hour. >> why, who's on? stuart: a story about radical proposals for changing the language. just stuck around. >> okay. stuart: the faa's not the only one going woke, by the way. california lawmakers making it a priority to remove the pronoun he from state laws. i guarantee steve hilton's got something to say about that one, and he is on the show. first, though, parents speaking out on critical race

theory across the country. guess what? charlie kirk, a provocateur, has been attending some of those meeting. i wonder how that's been going? he'll tell us because he's here next. ♪ -- and create a place that's my own world. ♪ and i could be your favorite girl forever. ♪ perfectly together, tell me, boy, now wouldn't that be sweet? stay restless, with the icon that does the same. the rx crafted by lexus.

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♪ if you want to scream yeah, let me know and i'll take you this ♪♪ stuart: santa monica pier, california right there. 61 degrees as we speak. now this, school board meetings, or at least some of them, are becoming real battlegrounds as parents reject critical race theory. look who's here, look who's back, the man himself, charlie kirk, who is going to be a president of the united states in the future. you've been attending these school board meetings. what's it like when you get there and stir things up, charlie? >> it's great to see you, stu. i was so fascinated by this kind of organic movement, so i showed up at the school district meeting in phoenix, arizona, and i saw parents and students show up in record numbers to try to give public comment and ask questions of their school board

leaders. when you show up, first of all, the school board members, they sit up kind of elevated as if they're on the supreme court, and they look down on the people that attend their meetings. they're also not used to heavy attendance at these meetings, they put them at one a.m. on tuesday for a reason, because i think they want to go through all their business, and all of a sudden these rooms are packed. but, stu, in the not just at chandler unified school district in phoenix. all across the country you're seeing parents rise up and question the people that are instructing their children, start to question the flow of resources into their local schools and ask the question why is it that all of a sudden this very radical, unproven if ideology is being taught as fact in our schools. i have not seen this sort of movement, this kind of organic activity since the tea party movement in 2010. and this is not even political. this is a values debate of whether or not we want to teach our children this hyper-racialized crick hum. and it's been really amazing to witness -- curriculum.

stuart: i'm glad you're there, charlie. i want to move on to this, i've got to get you on this one. florida colleges are now required to survey their students and faculty about their politics. i can see a problem with that. since when have we applied political tests to college? >> you know, i agree with you, stu. i'm mixed. i see the intention of this. i think that it could have some positives. i think the, i think the governor wants to see the breakdown of conservative and progressive professors. with that being said, the overinvolvement of getting information from any sort of body of a government agency, i just have some sort of hesitancy. and i think one of of the reasons i love our system in our country is we're going to see if this works or not. we're going to see as these laboratories of democracy whether or not this actually gets us more information about the indoctrination happening on our college campuses or it actually make professors even more radical because of this. and so i don't really have

that -- i'm neutral on it. i can see the positives and the negatives. but overall, i think the governor -- who i'm a very big fan of and a friend of mine -- is trying to solve a problem of radical indoctrination on campuses across florida. stuart: at least he's trying to do something about it. charlie, it was great to have you back. please don't be a stranger. see you again soon. >> thanks. stuart: listen to this one. bran d.c. university cancel ising, quote, oppressive phrases like -- take a shot at it. can't say that. walk-in, can't say that either. i'll have my take on that coming up. big hour ahead. the governor of alaska is back. general jack keane, steve hilton, brandon judd. stay with us, the third hour of "varney" is moments away. ♪ ♪ this is andy, my schwab financial consultant. here's andy listening to my goals and making plans. this is us talking tax-smart investing, managing risk,

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>> i think there's a misleading narrative abuse job openings are restaurant jobs, we are talking software firms, finance. it is all across the board. a lot of people want trump back. >> our rotation in terms of corrections. the market needs to correct 10% or 12% to shake the branch and see the last. >> the sector opens up these tech companies, value, because

the growth scarcity premium is a have will reassert it self, leading tech companies grow faster than the market the market will reiterate them higher. >> hard enough to be a bull given the positive backdrop but what happened over the last 12 years is up move from tier to green and that kind of enthusiasm coincides with the market. ♪♪ ♪♪ you make a man feel rich on minimum wage ♪♪ stuart: it is 11:00 eastern time on friday june 20 fifth. straight to the market, a rally for the dow industrials, we are up nearly 200 points, just above the 200 point gain moments ago. 191 up, 34,380 is your level for the dow, the s&p earlier hits another record high, so does the nasdaq. why did the nasdaq back off,

look at your screen, the yield on the 10 year treasury has gone up to one.55%. when rates go up big tech tends to come down. that is what is happening, nasdaq down, yields on the 10 year up. as of this moment vice president harris is touring the southern border, later she will give a speech and take reporter questions at 1:35 eastern time and then she leaves for los angeles, national border patrol council president brandon judge will pass judgment on the president's trip in a few minutes. now this. i don't know whether to laugh or cry. i could go either way with this latest outbreak of cancellation. it is laughable and outrageous at the same time. brandeis university prevention advocacy and resource center produced a list of oppressive words.

it is a long list but here's some of them. the expression killing it, that is violence, don't say it, use great job instead. take a shot at it. obviously a reference to guns so that is out. use give it a go instead. walk in, that is ableis at language, try drop in instead. pleasing, while or insane, no, these words are offensive to people with mental disabilities. use uncool instead. he or she, no, use they are ask the person you are talking to which pronoun they prefer obviously. i am out of touch, i find this kind of language policing, laughable, the product of a mind that has yet to understand the real world, a mind that takes offense wherever possible, they want to be offended. it gives an issue in signals how wonderful they are. the modern expression is virtues signaling.

try this. we are taking a shot with this wild and crazy show but i think we are killing it. we are insane. if you are oppressed by those words you don't belong in a university. ♪♪ stuart: you are smiling, good. that means my take worked. that kind of language policing doesn't end. in california these guys, your state want to remove the word he from state laws. have at it, go. >> it is insane. absolutely insane. reminds me, can't remember exactly when you escaped from socialism in the uk to arrive in america. remember the loony left labor councils, a term that started

in the uk from local labor party cancels -- councils, this was total distraction from anything real that would help real people in their actual lives and as you say in california, another example, passing a bill to change the language that applies to statewide office because it refers to statewide elected officers he and somehow that means women can to be elected for statewide office except hang on a second, didn't we have kamala harris as the elected statewide attorney general? it is madness, it doesn't relate to the real world. stuart: when you laugh at it, ridicule it that means it is peaked and is about to go on the down trend. let's get to something serious, some images on the screen, the california drought is serious, that is a before and after comparison over the course of one year. that makes it clear there's a

devastating drought in parts of california. my question to you, are they blaming global warming for this drought, i expect they are. >> of course because as we discussed before, the democrats here use climate as a way to avoid accountability for their policy failures and it is the same in relation to the drought. this is a man-made crisis. california is a hot place. for many years now we have benefited from fantastic engineering projects which were pushed in the 1960s and thereafter that made sure california had enough water despite the fact that often you get very dry years. for example when you have a wet year is in 2019, plenty of rain, the reservoirs were full to the brink, the system is designed to provide at least

five, 600 years worth of water from when the reservoirs -- in 2019, we should have enough water. the allstate, farmers, citydwellers, everyone were five years, maybe 7 but we don't because what they have been doing is letting the water route, flushing the water out into the ocean. it's not going to farmers or for use in people's homes, going to economic use, straight into the ocean. why are they doing that? environmental reasons to protect two species of fish that they consider to be endangered, the delta smelt and chinook salmon. they've been doing this for 30 years, there is no evidence that either of those two fish species have been protected by this policy but they are still doing it. a man-made water shortage, nothing to do with the drought. stuart: i wish we had more time to get into this because it is absolutely fascinating and truly outrageous.

>> it is. stuart: instead we are going to watch your show, the next revolution on sunday, 9:00 pm eastern only on fox news. thank you very much for being here. got to get back to your money because we've got the dow up 200 points, 34,400 almost. joe duran is with us now. i will say the same thing to you i have been saying all morning. i've been doing this show for 12 years. throughout that time the stock market has gone up. there have been dips here and there, corrections, a little bit of a dip, that bull run has gone on for 12 years, how long does it go on? >> it has been going on for 100 years. if you think about it, we had a real bear market, 35% drop, wasn't very long but very

sharp. when you have a 30% decline, we had two, 50% declines in the last 50 and 18 years, that is quite frequent given the history of the market, you don't typically see 50% declines more than every 30 or 40 years, we've had a big 35% decline and we are on the upswing of a multi-year recovery, the stock market reflects the underlying economy. stuart: i go back longer than you do. i go back to the 60s in 70s. the dow jones average first hit 1000 in 1972. it didn't get back to 1000 until the early 1980s. there was a tenure period you didn't do much good in stocks. how do you know we are not going to sooner or later run

into the same situation? >> it will not be the same situation but it is true you will go through a period where you have protracted underperformance because of inflation or high interest rates. by 1982 interest rates that were sitting in the teens, we had a huge decline supported the stock market. they are as low as they could be for the foreseeable future, that would extend the climb up. the fed continues to provide so much capital to the system that you end of having this asset inflation. the inflation is temporary, we see definite inflation every day, certainly when you buy a car, what it is really affecting is the volume of

assets, houses, stock market, things like nfts. we have valuations on the outer end and that leads to typically a pull back but unless the economy slows and interest rates surge when we have inflation, it typically follows gdp growth and we foresee, there will be pullbacks and we are well overdue, we have been dollar around the last couple months but again we think there's very few reasons to not continue turn us stocks. it won't be so rosy. stuart: we consider ourselves reassured by your message, thanks for being with us, we will see you again soon. look who is here, just walked into the studio. >> friday power walk coming in. stuart: i missed that. good morning to you. what have you got on netflix?

>> outperformance from netflix, outperformed by credit suites, worth $586. credit suisse says they reinforced strong competitive position and higher user satisfaction so they think netflix will go up. talk about united rentals, wall street insider favorite. whenever i'm on the new york stock exchange, it is a great economic indicator of activity getting an upgrade to buy $375 in $1 trillion infrastructure plan. stuart: i didn't know that. united rentals, you are i, that is considered a strong indicator of the economy. >> manufacturing, goods being produced. everybody talks about the stock. no kia, one of the meme stocks, at goldman sachs it is worth buying, $6.50 because it has

improved 5g spending in the future, no longer does meme mania for dentals and i want to show the high-growth after the federal reserve inflation indicator, highest since 1991, rates going up soon. today, usually the highest volume day of the year, $10 trillion worth of stocks goes in and out, bought and sold. stuart: you enlightened me on that, uri, anything else we see? >> that is enough for now. >> stick around for friday feedback, not more before than. this is coming at us. the justice department has filed a lawsuit against the state of georgia over their new voter laws. we bring you more information as we get it but the lawsuit has been filed. we have a big show still to come. the governor of alaska like to leave the will update us on the state of cruise, cruising in

alaska. are they cruising yet? president biden meets with the president of afghanistan for the first time today is the taliban gains more ground. is disaster looming in afghanistan? i will ask general jackie. first, right now vice president harris at the southern border, her visit comes 93 -- three months after she was tapped to lead the border response. will make an impact on the actual border crossings? doubtful. stay with us. we are just getting started for the third hour.

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stuart: vice president harris is touring the southern border.

casey steagall is in el paso. the vice president visited the border patrol station. tell us what is next. >> reporter: next she will be meeting with a handful of indias or nongovernment groups, essentially volunteer organizations and nonprofit agencies like catholic charities that have stepped in to help with this latest surge of migrants at the southern border. the vice president did get look at the el paso central processing center, this is brand-new video into us from that tour that wrapped not long ago. she met with some border patrol agents working on the front lines at that facility. the vp will spend 5 hours on the ground here and then will travel to california. shortly after getting off of air force 2 vice president harris again defending the timing of this visit. listen.

>> i said back in march i would come to the border. this is not a new plan but the reality of it is we have to deal with causes and the effects. >> reporter: vice president harris has traveled to guatemala and mexico in recent months and met with respective leaders to address what they call the root causes of migration but since then the cvp data has shown us that there have been no real declines because of those visits when it comes to the number of apprehensions and the number of encounters at the us-mexico border. we should also point out the vp's office denies any claim that she made a stop here at the border because donald trump is expected to visit here next week. stuart: thanks very much. i will add to this story congresswoman escobar, who represented district in the el paso area is celebrating the migrant surge.

>> welcome to my community, the new ellis island, the capital of the border. i have a heart full of gratitude because we have an administration willing to tackle the big challenges, challenges our country has dealt with for decades and el paso's front door is one that has always been one of dignity, humanity and compassion. stuart: brandon judd is the president of the national border patrol council and joins us now. what do you make of that reference to ellis island. what was that about? >> congresswoman escobar is very far left, has always been for open borders, she is in fact one of the many that are trying to let illegal aliens into this country and she's doing a good job right now. we've never seen borders that have been more open than we are

seeing today and with comments like that all she's going to do is encourage more people to put themselves in the hands of these dangerous smugglers, people that rape and kill women and children and she's advocating for them to put themselves in her hands and that is what is going to happen. stuart: when vice president harris first got off the plane she made brief remarks. among those remarks she said she was there to address the root causes of the crisis, she didn't use the word crisis but she is there to look at the root causes of the problem so to speak. she mentioned nothing about what she would actually do in the here and now to stop the flow. do you think there will be any action taken to cut the flow down? >> if there was any evidence especially with that visit she made to guatemala and mexico, if there was any evidence this administration was doing something, i would be very bullish on this visit but there is no evidence to show that they are going to do anything

to stop this crisis. i think this is a grand gesture, she said she wasn't going to do that but that is what this is going to turn out to be because there is not a political will to do what is necessary to actually secure our borders. if there was, this would be a very simple process. i have been patrolling the border for 24 years. i have seen how policies and programs can directly affect illegal immigration, this administration isn't implemented anything that has worked in the past. stuart: i believe vice president harris will answer some reporter questions around 1:30, 1:35 eastern time today. thanks for being with us, see you again later, thanks a lot. the dow is up 221 points. what stock of we got to look at, the dow is up 220, the nasdaq up 6. i will tell you why the nasdaq has cut its gain, the yield on

the 10 year treasury is one.55%. >> yeah, that's right. higher rates. stuart: is this your story, virgin galactic? you want me to do that? 36% up. that is quite a gain. the faa has granted virgin approval to fly paying customers into space. the first such approval the faa has ever granted. look at that stock go 36% up. another one, nike reporting earnings. this is you. there sale doubles. >> $50 billion in sales for this year. you pointed out north america, sought really strong sales, $5 billion or so and people are buying nike shoes, the jordan brand is flying out of the stores, trying recovery online, up 40% from last year and 12

analysts raising target prices in reaction. i saw as high as $213 this morning. stuart: 12 analysts all think it is going higher, 12, that is kind of uniformity. >> is in that lovely? you put effort of work into that. stuart: jeffries thinks it is going to 200. steve forbes, 213. the lowest of the low. >> 180. stuart: moving on, shall we? >> i really wanted to do that story, the one on kanye west. your reaction to it. stuart: jack dorsey telling elon musk it is time to have the talk about bitcoin. we will tell you what the billionaires are saying about the cryptos. only 650 troops will remain in afghanistan after the pentagon's withdrawal. general jack keane says we will regret leaving like this. he is on the show next.

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stuart: look at that. 6 avenue, mid time new york city. i season traffic. it is coming back ever so gradually. it is a very nice day, sunny, 73 degrees. to the markets, solid rally for the dow still in place up 230 points. modest gains for the nasdaq and the s&p. susan is following, i remember, blackberry. >> they are getting downgraded, that's why the stock is down. downgraded to $10. 12% or so if they are right but not -- lots of money over the years on blackberry given their declining market share. stuart: very true. 6% as we speak. panasonic, they are selling their entire stake in tesla. >> they sold about $3.6 billion

and it was sold off until march and notified tesla of the transactions but they have an interesting relationship, to land panasonic, partners in battery tech, that means they both have invested $1.6 billion into that giga factory in nevada which probably has tax incentives to build, i imagine but that investment, panasonic in his relationship, 1.6 billion, a few losses at panasonic before they finally turn a profit on the giga factory. it shows cannot -- panasonic's believe into the's future probability at the time. stuart: by selling. >> they made money by selling their stock now by many years they had losses on that. stuart: elon musk is going to debate jack dorsey. they will debate bitcoin. when will that happen? i want to make sure i know about it to know bitcoin's

price. >> you are not going to watch it online? i have it on my calendar. the two billionaire titans and people who can see the future will discuss bitcoin and crypto currency and not going to watch it? you've got to put it in your calendar. it was all on twitter. elon musk, jack dorsey agreed to discuss bitcoin with each other at that event about crypto currency and curious how it started after jack dorsey posted the event online. it was a good back and forth between those two. stuart: that is the name of the conference, be as in bitcoin. >> exactly right. stuart: in july. >> show my 21st, not just jack dorsey but other luminaries

also in attendance. stuart: if they can do something about bitcoin's price, the last one in miami a couple weeks ago didn't do much. >> some but he will be able to boost the price, the most -- stuart: maybe they need fewer headlines from tweeting celebrities. maybe that would help. >> you think so? that has driven the price up. stuart: wall street on board as opposed to celebrity headline writers they would do better. >> that have a lot of wall street on board like the drunken builders of the world etc.. stuart: they need more of it. thank you. now this. president biden will meet with the president of afghanistan. general jack keane is with us. i saw a headline in the wall street journal, disaster looms in afghanistan because of our withdrawal. what do you say? >> i agree with the accuracy of that statement by the wall street journal. president biden's decision to pull us troops out which

motivated nato to pull there is out, nato, europeans did not want to pull out, they wanted to keep a modest force their which was the original plan. what is happening is the -- stuart: europeans wanted to keep troops in afghanistan and we want out? hard to believe. >> what happened at the nato summit, military nato sources informed me that when president biden arrived there the europeans who were participating in afghanistan as part of the nato force told president biden they were surprised by his decision, it was unexpected but more importantly, they didn't agree with it. they had already made up their minds they needed to keep a modest force there to prevent al qaeda and isis from reemerging. that is a fact. the situation is worsening and here is why. american airpower has been

supporting afghan security forces since 2014 when we pulled our combat troops out. american airpower has been decisive for the afghan forces and stalemated the conflict as a result. now the taliban has momentum because there is no american planes flying in support of the afghan security forces. that is why this situation is getting worse and ominous. what has happened is the taliban and have taken over a number of districts outside major cities and eventually they are going to go into those cities. president donnie who i have spoken to among others certainly wants a commitment from president biden that he will pull out all the stops necessary to help support him in his effort against the taliban and. obviously with us troops gone but the united states has huge

resources and we can help considerably. it is tough to get your head around, there is no usair support flying and supportive afghan troops but the afghans have an air force of their own but it is most, the united states is pulling out the 18,000 contractors that support the afghan air force most of which are us airplanes. does that make any sense to anyone? the contractors want to stay. we've got to get back in there and give contractor support in a matter of weeks, all those airplanes will be deadline. lots we could do -- go ahead. stuart: i just want to ask about the interpreters. last time we talked to you we were talking about you've got to get the interpreters out because they will be slaughtered. any progress? >> yes. for the first time yesterday president biden at least made a

rhetorical commitment to get the interpreters and interrogators out of there. i know for a fact the pentagon wanted to do this, they need the okay to make that happen. likely we will have to take some of them to a third country as we that them to make certain we have the right people before we bring them into the country but you are right. we have to move with a sense of urgency that literally save thousands of lives here. stuart: thanks for being with us today. always appreciate it and see you again soon, thank you, sir. the us/canada border is closed to nonessential travel until at least july 21st. the governor of alaska says those restrictions are really hurting his economy. he is on the show. the first post covid cruise set sail from florida tomorrow. ashley is on board. tell us what you can or can't do. what happens if you have gotten

the jab? if you haven't gotten the jab? he will tell us. back in a moment. ♪♪ we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it with hassle-free claims, he got paid before his neighbor even got started. because doing right by our members, that's what's right. usaa. what you're made of, we're made for. ♪ usaa ♪

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♪♪ takes away a problem ♪♪ stuart: the first post pandemic cruz will set sail tomorrow from fort lauderdale. ashley: i managed to snag a captain of the ship.

her name is kate mccue. why not hear it straight from the captain's mouth. you set off tomorrow, welcome. what does that feel like? it has been 469 days since a cruise ship is the florida or us port with paying passengers. >> it is extremely surreal at a huge honor. i am american myself, the first ship to sail out of the us, the crew is beyond excited and our guests i know are looking forward to this. ashley: it has been tough. must have been for the crew you talked about but they had no word for 15 months. what did they do? >> they anticipated the state that is coming tomorrow. we maintain the ship with a minimum crew until this point. now we have a full component of crew on board and are ready to go. ashley: the passengers, 35% capacity when you sales tomorrow, all have been vaccinated? >> 99% revaccinated. stuart: ashley: the one% have to get tested in 72 hours, then another test here, then mid cruise and then when they get off the boat, four tests, $178

each. >> and they will be required to wear masks. ashley: they might not be up to go to some events. >> we will have designated areas around the ship. ashley: did you get to the point you never thought this day would come? >> every single day we were so hopeful for the next day. we knew it was coming and the timing is right. it couldn't have been earlier. now it is time. ashley: what do you say to people who say the cruise industry black eye at the beginning of the pandemic, ships stuck at sea, couldn't find a port to unload passengers, what would you say to someone who's like not sure if i want to go? >> cruising will be one of the safest ways you can travel to see the world because it is a contained environment. ashley: thank you very much. captain mccue lives in las vegas. where does the captain live when they are not on the boat? in the middle of the desert. stuart: landlocked in vegas.

you have a good time, you have a great job, see you later. alaska has a great interest in cruising and the governor of alaska joins us. can you tell us the state of cruising in alaska. have you started yet? >> we are looking forward to having our first ship here in early july. we are getting back to cruising. it has been a long time since the cruise came to alaska. it is a big part of the tourism industry in alaska so we are looking forward to it. stuart: can you open up to cruises and let anybody get on board? does vaccination status matter? social distancing, any of that? >> our understanding is the cruise lines require vaccination of passenger and crew. i am not sure what the masking regulations will be but in terms of the state of alaska we vaccinated north of 50% of our folks.

we are pretty safe state. once these folks get here they will have a welcoming committee on the part of alaskans welcoming them back to the state of alaska. i am not sure what the restrictions will be but they are working that out. stuart: you took a hit because of the suspension of cruising from alaska. have you also taken a hit from the closure of the us canada border which lasts until july 21st? the only way if you are an american, you can't drive to alaska, you've got to fly there. quite a problem for you. >> it is a huge problem. we haven't seen anything like this and the road was built in world war ii to be honest with you. it is roughly 2000 miles, 36 hours of driving from tokyo, alaska, on the border of canada to the state of washington. it is a vital win for alaska. we have been cut off from the

rest of the country. only essential travel is allowed through canada and the definition of essential travel is often left to individual border guards so you may have an instance where you have two folks driving a vehicle from alaska to the lower 48 and border guard may determine one of those individuals is not essential after you begin your trip. it is hugely problematic for free movement between the state of alaska and the rest of the lower 48 and it is a problem with business and commerce. we really want to get this border open not just for us but for the canadians and americans, the lower 48, we believe the vaccination rates in our country justify the opening of the border so we are hoping our administration puts a little more pressure on the canadians. we had a great relationship with the canadians but this is straining things a little bit. stuart: you had a hard time with cruising, border patrol and the green new deal seems like you're coming out of it and wish you the best of luck.

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♪♪ stuart: that is myrtle beach. a lot of people on that beach and it is not even lunch time. people like me, the early bird special. let's bring in susan, ashley, lauren. here we go. dave finley writes this. question, what is the difference between bitcoin and a ponzi scheme? >> upon the schemas a frog cloaked in secrecy, you don't know that you are not buying into a valuable investment where it is more democratic for bitcoin, you know what you're getting into and have your choice whether you want to buy in. stuart: very quick answer.

serial rights this. you were talking about sneakers and suits. we don't see it but what is to wearing every day? shoes? flip-flops? no flip-flops with i have one set of sneakers and i'm wearing them right now. what are you wearing, ashley? ashley: i am wearing jeans and sneakers. now i have to call the paramedics. stuart: what are you wearing? >> i have high heels on for once. i haven't worn high heels and a long time. i am proud of it. stuart: full disclosure susan is wearing heels as well. in the interests of getting a lot of questions and we move on. someone calling himself or herself guppy loves wants to know have you ever met any of the beatles? no, i have not. i got close to the queen of england, 6 feet away and i did interview margaret thatcher but that is it, no beatles. who is the favorite celebrity you ever met? >> jessica simpson.

we were the same height. stuart: ashley? ashley: arnold schwarzenegger. he was great. i'll be back. of the one susan? >> michael jordan. the greatest of all time. stuart: roy jenkins, not a british politician, if you are right this. are the rumors true that stewart sold his microsoft stock to buy bitcoin during the dip? >> no, sir, not true. i held onto every last one of them and i have not bought bitcoin. let's clampdown on the speculation. page cross rights this was why, sir, have you not learned to swim in your 72 years on a planet that is 71% water? it could save your life. i wouldn't miss your program. i want you here forever. >> you don't swim? stuart: i can't swim. my dad -- ashley: you were born on an island. stuart: my dad tried to teach

me to swim in the local swimming pool, there's on the one in my hometown and he couldn't do it and the pe nnu otca rwiigm,ht r?ol chucked ar thear s ttoheda md y thda w ed awaedandedan thatw toto st ua t uart happ vea ent ofen tt of tt stst.stst we are out of of bnk t fo ng part, pare a ekd we will seile l you next wy here it is. whatwhas thest anima ated inated for for best picturectur the oschears? i thow thewer, do you? answer after this.

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can we see vice president harris, please? she has just -- she is now visiting the port of entry in el paso. that's where she is, inspecting a border facility as we with speak. now stay tuned, everyone, 1:30 this afternoon eastern time the vice president holds a news conference. she'll be asking -- rather, she will be answering questions. my time is up, but i believe, neil, you're in? it's yours. neil: i am. every other day, stuart. anyway, thank you very much, my friend. we've got a lot going on. we are following kamala harris, the vice president, she's finally at the border here. a number of critics saying she's not where she should be, el paso is not that, but she is there, is going to be talking to the press. we will be getting reaction to that. it cuts both ways. we'll also be looking at other news concerning the markets right now. they're racing ahead just fine, the dow now continues its upward lift are about 225 points,