peake, final thoughts? >> bernie sanders i just tweeted without the reconciliation bill there will be no infrastructure bill, now, we know who is running the white house. dagen: bernie sanders and nancy pelosi and joe biden is just trying to stay in lockstep. thank you, ladies appear that does it for us. "varney & co." starts right now. it's all about stuart varney for the next three hours. stuart: good morning. first, relaxed, no selloff in stocks yet this morning. in fact, we are likely to see new records. bitcoin people, you also can relax as there is no selloff they are either. we are going to start with this, a shoot out crowded times square on a sunday afternoon in broad daylight, just a couple of blocks from where we are sitting now. we bring you this because big cities all across the country are experiencing a crime surge. just when people are trying to go back to the office, the democrats

who started this disrespect and defund police initiatives are now playing defense with the crime issue not going their way and the times square shooting is not going to help the push to get people to go back to work. a lot more in that coming up. president biden is playing defense. he reversed his position on dueling info structure plans and will no longer lift it to the 4 trillion-dollar plan so republicans are back on track with a 1 trillion-dollar compromise in the far left is upset that their social dream is fading. do you understand it all? bitcoin this morning, let's get to something concrete, this monday morning bitcoin is at $34,000 a coin and ethereum back about $2000 per coin. as for stocks, not showing any clear price trend yet dow industrials up maybe five, s&p will hit another record with a series of records last week and the nasdaq, you

have some strength there it's up 50 odd points. little change for interest rates. the-year old on the 10 year treasury coming in at 1.50%, down a little and maybe that's why the nasdaq is doing well. f 9, the movie, the ninth edition of the fast and furious franchise had a terrific box office weekend, $70 million. a strong return to the theater business which has blockbuster releases coming this summer to keep streaming netflix and/or go back to the big screen? we will take that on with netflix up a fraction. vice president harris heads to detroit pushing vaccinations. we will look at what she accomplished with her border visit and what former president trump will accomplish when he visits wednesday. it is monday, june 28, seems like time just is flying by. "varney & co." is about to begin.

♪♪ stuart: that guy had a voice, a voice and a half. i'm going to move on and show you bitcoin, please interesting that we start a financial program these days with a coin and not to stocks. a good morning, susan. do you have anything new on crypto? susan: what's wrong with starting bitcoin? it's now eight to trillion dollar asset class. bitcoin is trading in a range these days-- i don't know if you look to the crypto prices over the weekend, but there was 31,000 four bitcoin, ethereum, some

saw as an opportunity. there is resistance, i mean, we have crashed against 35,000 numerous times, can't break through that, but we can't break below 30,000 it was all about regulatory oversight. it's a surprise for those trading in crypto. if you are invested in crypto, you know it's on the horizon. finance markets, largest crypto exchange affiliates was banned in the uk appeared they have until june 30, also get to know if you are trading in canada that you can no longer use it they are either. fair about-- value according to j.p. morgan as 233 to $35,000 a. stuart: can i say bitcoin is a range bound? susan: yes. stuart: ethereum 1700. susan: the regulatory oversight, you know katie hawn who now oversees the largest crypto fund in the world, she says actually players in crypto currency welcome oversight because that gives a standardized rule and

loss for everyone to follow and actually that entrenches the larger player as well. stuart: is a regulation is longer negative on a potential positive? susan: partially. stuart: thirty-four on bitcoin as of now. that explains why we are starting with crypto. let's get to the stock market. i think most of our viewers are invested more in stock than crypto with futures 20 of green, but not that much for the dow jones s&p with nasdaq up about 50. look who is here, keith fitz-gerald. you are actually buying more big tech stock today, aren't you? why are you doing that? >> yes, i'm going after apple's at the top of my list, microsoft, palantir is in my shopping cart because the future is coming out is whether we like it or not and it's important to get ahead that. anyone think that they will wait for confirmation will be waiting in long time and may never get the shot.

stuart: apple is some ways away its record high, i mean, i think it went about 150 and now it's 133, but microsoft is a new hi, facebook is a new high. are you comfortable buying into stocks that have already had a fantastic runoff? >> no question if it's the right stock, i mean, you never went to chase something just to chase it and that's where the memes stocks come dangerous because a lot of folks are chasing something as opposed to buying a fabulous company and in the case of apple, everyone is looking at apple versus crew stocks. apple makes $691,000 every 60 seconds with profit mortgage-- market 40% and growing so the numbers make the case for you. there's a little research you have to do i intend to hold these five to 10 years. stuart: use at a moment ago you are interested in buying stock in pfizer pick my question is, why is pfizer, which is the leading vaccine company in the world, if i'm not mistaken,

wisest-- why has it stayed about 40-- why has it not gone above 40? >> that mystifies me also. they will take what they know and apply it to all the other things in their portfolio. meanwhile, it has an attractive dividend and i'm content to sort of accumulate and let it grow. stuart: apple, microsoft, pfizer , that is keith fitz-gerald's tech this morning. thank you. i went to bring in doctor siegel. there's very good reason for this, israel is returning to some restrictions and so is britain with some restrictions returning. both countries, although they are heavily vaccinated, have been hit with this delta variant. doctor, what about america? we are heavily vaccinated, should we be worried? >> no. first of all we should not return to mask mandates and i don't think israel should

either, stuart took the fact is it's only about 180 cases yesterday in israel and if you're vaccinated, 25% of the cases were vaccinated but they are very mild, talking about mild cases and it sends the wrong message. the vaccine works. if you take two shots of the pfizer and moderna vaccine, you will be well protected against this variance. look at iceland where i am now, they just had liberation day relieving all restrictions. masks are gone, people are out partying, celebrating. they said you can get into the country here if you have had a vaccine or you had covid and you have antibodies to the covid. united states should do that also appeared they are recognizing natural immunity and if i return to the united states, i'm about to take a pcr test. united states won't let me back without that nasal swab despite the fact that i am vaccinated and there's been zero cases of covid in iceland for over a month.

that's bureaucracy. a lot of times the politics don't follow the actual science. stuart: wrong move in israel, wrong move in britain, wrong move in america demanding all these tests before you come back , is that where you are this morning claim i completely agree with that. it spreads fear and it's the politics of fear to control people. it's not the science. the science is the vaccine works and if you get over covid you have immunity that works. that's what works. let's get everyone vaccinated and spread no more fear, absolutely. stuart: i went to shift your attention to johnson & johnson for a moment as they are getting out of the opioid business appeared if you have got a painkiller and it works and it's a good painkiller that actually works, but it's also addictive, what does a drug company do in the future bearing in mind the opioid problem we have had in the past? >> johnson & johnson and other companies have said we didn't do

anything wrong. i will tell you what they did do wrong, they used advertising concepts to go to physicians and promote these drugs and then people got addicted because too many pills were given out. i think opioids are useful, but i have to control them. giving small amounts over short amounts of time to treat an acute problem, if you have pain, if you had surgery, not 120 pills and i should not give it across the board for all paying. there is a use for this. is a really good drug to have, but we have to be restrictive. in new york state we have something called i stock where i have to go to website and register every time i give the drug out. that gives me a pause button and that's what we need. they are getting in trouble here and lawsuits are occurring because of all of the advertising where they tried to convince doctors to prescribe drugs more than they needed to be prescribed, stuart. stuart: can i ask you what you are doing in iceland? >> i am here because it's easy to get in with a vaccine and we are going around having a vacation by the way,

it's almost 24 hours right now, gorgeous country, craters, volcanoes, i mean, it's a nice place to go. i'm advertising for it. you should come here next. stuart: if you are not careful, i'm telling you. doc siegel, come back soon we would love to hear from you again. by the way, if you heard a large bang in the middle of that interview, it was me kicking a footstool. very sorry. futures showing green with the nasdaq up 50 points. did you hear about this? a tourist walking through times square with his family, shot by a stray bullet. broad daylight, times square new york. crime is rising in big cities but congresswomen alexander cortez says we are all being hysterical watch this. >> also went make sure that this hysteria that it does not drive the hysteria and we look at the numbers in context. stuart: we have more on that

coming up in one moment. also, olympic athlete turned her back to the flag during our national anthem saying she felt set up. my question is, why represent your country if you dislike your country so much? more "varney & co." after this. ♪♪ usaa is made for the safe pilots. for mac. who can come to a stop with barely a bobble. lucia. who announces her intentions even if no one's there. and sgt moore. who leaves room for her room. with usaa safepilot, when you drive safe... ...you can save up to 30% on your auto insurance. get a quote and start saving. usaa. what you're made of, we're made for.

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will be hot and humid pig in the latest wave of crime in the city a man was shot walking through times square with his family, happened in broad daylight sunday afternoon. meanwhile, a senior biden advisor is blaming republicans for defunding the police. watch this. >> let's talk about who defunded the police. when we were in congress last year trying to pass a rescue plan-- i'm sorry not the rescue plan, but an emergency relief a plan for cities that were cash-strapped lane off police and firefighters, it was the republicans who object in. republicans are good at talking points of who says it defunded the police, but the truth is they defunded the police. stuart: well-- [laughter] i can see the expression on your face charles. obviously, you are not onboard with the gop fault. >> exactly.

truly extraordinary. i think in the psychiatric profession they call that projected and stresses this belief that i have had for some time now that if you ever want to know why democrats are up to, just listen to what they are colic-- calling republicans and that tells you what they are up to and defunding the police is a perfect example of it. look, is like the crisis at the border. literally it's entirely democrats fault. at the fault their policies and literally, stuart, you won't find a single republican-- republicans have a lot of the problems but you will not find a single republican fingerprint on the surge in crime or the crisis at the border of course, it's not just that defunded up police thing, there are all-- other policies about no cash bail and worst of all, this hateful hateful rhetoric towards police that has gotten out of control and it has inspired a lot of

people to take that step to the streets which is a terrible thing. here's the other thing that's intriguing about that quote is this, first of all it is a lie , but even in the best case the best argument for blaming republicans for defunding the police, he's basically admitting the democrats are using cities as human shields. what he is saying is republicans defunded the police because republicans refused to go along with all of these other crazy left-wing objectives in bills that had nothing to do with funding the police. that really does tell you something about where they are coming from the only people that use human shields are terrorists and when you have legislative terrorists, you have bad results from that also. stuart: i just don't know how we get people back to the big cities when you have such obvious crime surging in area--

places like the times square shooting. >> wagging your finger at people saying this is just hysteria, it's not hysteria if you just got shot in times square. it's not hysteria if you are a mom living in baltimore, and you have bullets flying through the window and you have children dying. that's not hysteria. that's actual death and it's the most basic, the most basic thing that society is supposed to bring, that government is supposed to get right, which is to keep the peace so that we can all be ourselves and do our thing that interests us and make money and feed our families, the most fundamental thing is people have to be able to walk outside and not get shot. it's not the guns fall-- fault. stuart: i have to move on. i'm sure you saw this. at the national anthem

as it was playing at the olympic trials, she turned her back on the flag and did various other things to kinda bring out her dislike, at the very least, for the united states of america, so why do so many athletes seem to dislike this country but still go to represented? >> it's absolutely baffling. what a brat. she's not only a brat, but apparently not very smart because as you pointed out in the earlier segment, literally on her uniform it says usa. if usa is a such an embarrassment to her than she should probably take off the uniform and go find another country that she likes better and she can compete in that-- on behalf of that country in the olympics. we will get along without her just fine, thank you very much. i think it is all part of the-- talk about hysteria, the hysteria that's been ripped up by all these professional athletes so you have someone who is young and impressionable, not very

smart and having little temper tantrums and this is what you get. honestly, i don't even think it really, i mean, it's bad for america because we should have people that represent the country better, but this is mostly just embarrassing for her because it's so stupid. stuart: i just want to know what foreigners think with a look at the united states and athletes like that representing our great country. charles, great stuff. thank you. moments ago we were talking about bringing people back to the city and we have this from evs. reportedly, they will let two thirds of their staff adopt a hybrid work model permanently. it's not all that it seems to be. susan: i mean, hybrid doesn't mean remote. you work some days at home, but you have to go back to the office other days. traders and branch staff you have to go back to the office, client facing, can't really do that remotely. they did hint it would be the case. they set about a third

of their workers could work from home permanently at the start of this year, but it's a global cutthroat race for talent and we know junior bankers have been quitting, 70% according to some reports. a 70% of junior bankers are quitting because of the incredible work allowed any hours, but what they are doing i would say is more relaxed than goldman sachs or j.p. morgan that says you have to be back at your desk in the office. stuart: the hybrid model seems to me too be the way many people will go out. susan: hybrid is not remote, though. stuart: two days to work, or whenever the balances. checking futures this monday morning, six minutes to go until the opening bell and we will be up just a little bit. bitcoin, jeff thinks it could dip to 28,000. he is next. ♪♪

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all on the upside premarket. look who is here, jeff sica talking about netflix. jeff, netflix has a lot of content coming out the next year. do you think that is good enough to count on the big screen movies that have started to do well? >> what i see with netflix, i mean, obviously we all had this netflix and our from being planted on our couches and that's why netflix was up 60% last year. they got 34 million subscribers. now what happened was, we were burned out and then they had no new content, i mean, you could only watch those seasons so many times before you crave the next season. now netflix has slowed down the market. netflix is down 2%. netflix has slowed down, but all of these show that could not film during the pandemic are filming as we speak, so

you are going to see bridger 10, "stranger things" and you are going to see ozark all coming later, so we are going to see netflix regain their subscriber growth and another thing you see with netflix is it you are seeing that they did a survey and in the survey actually showed that people were very happy with netflix. they had no problem with the cost and they found -- what i found was astonishing about this survey, stuart, they found that people turn to two netflix and a streaming before live tv that's monumental for. that will drive stock. stuart: you have 30 seconds to tell me if you expect bitcoin to go to $20,000 or are you going to buy bitcoin more when it goes to $28,000? >> i would buy it at 28. it's going to go there. there's a lot of

leverage in the channel and i believe it will go , but i think bitcoin in the longer timeframe has the potential to regain some of what it lost. it's going to be a wild ride and it keeps bouncing off the 34 range. stuart: they drown you out with the cheering on the bellringing on wall street. jeff, thank you for being with us. remember you think netflix goes to $600 a share. we are off and running on this monday morning. the dow jones is up all of 10 points in the very early going. not all the stocks in the dow 30 are. s&p 500-- is that a new high? susan: we have had 31 so far this year so that's adding on top of that. stuart: s&p is up a fraction, the nasdaq has opened up-- not bad, up nearly a half a percentage point to are looking at big tech now that they have

open. are they all higher? they are, every single one of them. how about the big banks? down this morning pretty much across the board. susan: because you have the yield at 150. stuart: precisely and that's why the nasdaq is. susan: correct to. stuart: amc is up to and how%. i know it was a meme stock, but i think it's up today because of "f9" susan: fundamentals driving. pandemic record over the weekend for the box.-- box office, in fact the biggest box office weekend since 2019, $70 million in north american ticket sales, highest since the last "star wars" installment. even during normal times this was pretty good. stuart: very good speech you. susan: that shows you things are getting back to normal and amc theaters are benefiting.

stuart: we are prepared to go back to the cinemark. susan: with the sticky bubblegum on the floor and all. stuart: bed bath and beyond. susan: you said you went back to the theaters? stuart: yes. in the heights. susan: wow. stuart: a week ago. susan: my goodness. stuart: show me bed bath and beyond, please. i know we got an upgrade cf ra investment firm things bed bath and beyond could go up 40% from where it is now. interesting pick bed bath & beyond, bricks and mortar. susan: correct. stuart: real comeback already $30 a share. back to the crypto. current price bitcoin 34, ethereum $2000. tell me about the crypto plays. susan: you can see they are all up and that's lifting the lights of the grayscale. micro strategy has $3 billion in bitcoin. now half of their market

cap is tied to the price of crypto currency and also myers, riot, marathon with china's crackdown could be a boon for a lot of u.s. minors with coinbase getting out left along with grayscale trust and ethereum as well. can i give you a statistic on where we are going in the stock market and how much money is flooding in? i was looking at the surveys bank of america says right now highest stock holding at three and half years, fourth straight year increase in an equity holding, goldman sachs says equity demand from households average folks like me and you plan for children's future, $400 billion in the stock market by the end of the year that's being held, 500 billion if you include the u.s. stocks in particular including institutions like the pension funds ect. stuart: bottom line is the money is there and it's flowing in. susan: thanks to stimulus. stuart: individual stocks making moves per stop bowing is down over 2%. that's hurting the dow jones because bowing is

a dow stock. at the eight slowed the certification progress. when might the faa give approval? susan: mid to late 2023 at the earliest and this is a long-haul triple setting for bowing. faa said there's numerous technical issues that needs resolved including an incident with the flight control software that apparently triggered the plane to move without pilot instruction. scary. triple seven acts will be the first major jet to get certification if they get it. stuart: long, long way away. susan: two years or so. stuart: cruise lines. we are showing them because the first u.s. cruise from the u.s. port set sale last week and we have the ceo of carnival cruise line demand places on the cruises exceeds supply. he says we are all chomping at the bit, his

expression, to get cruising as pandemic fears phase. susan: the reason stocks are down is because they are selling up to $500 in new stock so when you have more supply, you imagine that the price comes down. stuart: your own ownership gets watered down. tell me about tesla as they are up a little bit today they are recalling 285,000 cars in china? susan: soft recall. model three, model y, i call it a soft recall because the issue can be fixed with a software update meaning you don't really have to take your car back to the shop for actual repairs so there is no delay there, but the software repair fixing concerning problems. in some cases it could mistakingly switch on or off the active cruise control features in those cars meaning sharp turns could get dangerous. stuart: if you can correct the problem on remote almost, you can just plug it into a computer

and it will fix it for you. susan: you have the stock closer to $700 now with really a rally the past week because we are heading into earnings and we had pretty good delivery numbers. stuart: 675 tesla this morning. nvidia our favorite stock. susan: our favor, i like that. stuart: as i'm reading this, they have support for their $40 billion takeover of arm. susan: arm holdings in the uk. ipad, iphone. stuart: which of the other big chipmakers are backing this? susan: you can get support from companies like broad, media tag but it's really all up to the government to decide this and it's a report in the sunday times that you need approval for the 40 billion-dollar arm acquisition from the uk, the u.s., eu, china and multiple governments have said we are not that interested in approving it because nvidia the second

largest market cap in the world gives them too much control over the chip market and analysts i'm not even priced in this acquisition going through. stuart: we have the said the last few weeks that nvidia is going up because stocks, 784 this morning. quick check of the big board we are now seven minutes into the session picked down 76 points, almost a quarter of a percent down to yield on the 10 year treasury has dropped below 150. 149 right now. gold, 1781. bitcoin@34,300 and oil, 74 or 75, $73 a barrel and the average price per gallon of gas has started to creep up at $3.10 a gallon. remember this? parents outraged over critical race theory. role it. >> deliberately teach

kids this right here that he's better than me because he's white. are you going to tell a white kid all the black people-- how do i have two medical degrees? stuart: good question, that man is on the show today and i will ask him if he saw any changes after that powerful speech appeared you know those homeless camps in san francisco, the city wants taxpayers to foot the bill did you also know it cost $60,000 per tent per year? that's california. more "varney & co." after this. ♪♪ ♪♪

stuart: the market open this monday morning and we saw the nasdaq and s&p set new highs at the opening. at the dow jones and s&p

have retreated, but the nasdaq is up 88 points. the ipo market this year has been very, very strong. let's catch up on that. susan, what kind of companies are going publicly to all types like your oatmeal favorite, those are consumer brands and others, sort of tact companies. also roadblocks, which is the kids video game makers and all in all the first six months have seen $350 billion raising ipos and that is probably surpassing the peak-- well, the six month peak of 800 billion dollars in the second half of 2020 and by the way this is during a pandemic so jeffrey's saying this booming ipos will last another 12 months and they see it surpassing the 2007 record, however, they note and the stock markets know there has been a slowdown in spac.

people are choosing to lift on the exchange and ipo. uber of china. stuart: this week? susan: going public i think wednesday. long-awaited 70 billion-dollar ipo. stuart: it's a good thing, i mean, all new companies with new products coming to the market and with people like us investing. susan: you know who will probably benefit the most is wall street and those commissions that they usually get. it depends. i think it helps everyone. stuart: it's a good thing. look at another company that just went public. they bill themselves as the linkedin of doctors, the largest investor is kevin spain and kevin spain is with us right now. kevin, this linkedin for doctors, 1.8 million medical professionals in your circuit, so to speak. do you make money

through ads like from drugmakers? >> well, there's a variety of ways that it modified-- monetizes its platform and one way of monetizes is through marketing solutions allowing medical device companies, pharma companies and others to send targeted messages to physicians, but that is by no means the only way it generates revenue. it also has a business focused on hiring solutions enabling folks who want to hire healthcare professionals to locate those professionals on the platform and then reach them and hopefully bring them over and recruit them to their organizations. it also has a fast-growing business in telehealth, so a telehealth platform that allows physicians to really easily connect with patients to deliver better remote care which as we know has been supercritical over the course over the past year so there's a variety ways it's able to monetize this amazing race of physicians over

a percent of u.s. physicians it's been able to attract to the platform. stuart: are you part of telemedicine, i guess you are. seems to me like it's really taking over that you do all this medical stuff at a distance via the internet. >> absolutely. it's happening in a big way and it does have a very fast-growing business delivering a platform that again allows doctors to use telemedicine, use audio and video to deliver remote patient care. i think we have seen a massive exhilaration in the use of telemedicine over the last year clearly that's been a necessity during the pandemic. i think one thing a lot of folks have discovered in the course of using telehealth over the last year even if they had not before is that it's actually incredibly convenient. there's a lot of types of healthcare that can be delivered remotely and if you don't have to leave your home and you can stay in the comfort of your living room and actually engage with

your doctor, that's better for everyone. stuart: yes, sir, it is better for everyone and that's a fact. kevin, congratulations on the ipo. comeback ncs and tell us how well you are doing in the future. would love to hear from you again. >> thank you. susan: great american capitalist story. you know he's worth $2 billion after the ipo. stuart: now she tells me. susan: i mean, the man is very successful and he has stuck to his guns not taking private money for many years until going public. stuart: again, kevin spain, if you are still there, congratulations. congratulations, kevin. i have something on the payment cap then mel. it's now going to allow customers to sell products and services and they won't suspend you for it. is like a new platform. susan: inc. about it, maybe it could supersede amazon.

i could buy and sell. if they start to get into e-commerce, i mean banks should be very, very concerned. you are going to ask me about the fees and you always how much it costs. same thing, 1.9% plus a 10-cent fee applied to customers. stuart: both you and i are on vemo and i sell you something, you buy it, i sell it and it's on vemo and they take a piece of the transaction? susan: yes, but it's kind of the same as a credit card. that's how much they charge you for each transaction and there's a 70 million users. from what i saw almost $50 billion was transferred in the first quarter so i think it could supersede and really disrupt the entire global blank-- banking system as it already has or probably more so. stuart: who owns venmo? susan: paypal, but think of the

cash cap owned by square. stuart: i have to get-- susan: changing world. stuart: changing too fast for me. i have to get into nvidia and microsoft because both of them hit all-time highs earlier this morning. nvidia $788 a share and microsoft 268. full disclosure, i own a small slice of microsoft see that headline, "wall street journal" today, america's leading unemployment rolls more quickly and states cutting benefits. told you. why do democrat run states keep payments flowing? i have an idea on that. it's in "my take" at the top of the 11:00 o'clock hour. i just sold to used jet skis and i got almost as much for the used ones as i did when i bought them in the first place. that's the state of the used equipment and used car market. it certainly true of used cars as prices have

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stuart: the demand for used cars is so high that some now sell for more than the original sticker price when it first came out when it was new. toby russell is with us, the ceo of the used car site shift. toby joins me now. obvious question, toby. how long will this bike and used car prices last >> likely to continue through the summer into the winter. a lot of this is driven by new-car shortages and until the new car shortages and i think we will see continued used car prices. stuart: have you really seen a used car that goes for more than its original purchase price? >> i have. on a shift.com. we watch cars that would have gone for about $15,000, same car in january, on this year are now going for about

20,000, so the increase has been substantial. a very unusual. stuart: do you profit from that? i take it you do. >> @schip.com. we buy and sell from consumer so essentially we pay more to require the car and a buyer would pay more to buy the car, but the big shift is from new to used, we are watching the shortage in new cars with people seeing new cars be very expensive and used the place to buy a. stuart: do buyers favor japanese cars, korean cars, american-made , european cars, where's the best-- where are the biggest price increases? >> what we see is that the japanese cars are coming back online faster with new cars so i think we can expect that those price decreases will happen faster in those areas. stuart: what about american-made cars? >> the rate at which american-made cars probably are coming back online coming out of chip shortages from covid is a bit slower than some of the foreign

mix and those are very popular cars appeared it does depended on region, so if you are in a place like the bay area, san francisco will see high demand for something like a toyota prius, but in texas you would have more demand for an f1 50 doing so it depends on part of the country. stuart: toby, fascinating. thank you for joining us, the ceo of shift. thank you. we have a great show for you still ahead, steve forbes, my copy, dennis gartman all on cap. look at this, that's the front cover or page i should say in the "new york post" today. we will have more on crime with-- on big cities out of control. i don't think there is an answer for it. we will be right back. ♪♪

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♪. stuart: good morning, everyone, 10:00 eastern time. let's get straight to your money. we've been open for half an hour worth of business and the dow is down 100 points but the nasdaq is up nearly 100 points. that is a different kind of marketplace right there. nvidia, microsoft both of them hit all-time record highs.

nvidia moving close to $800 a share. of the microsoft at one point was 268. the yield on the 10-year treasury. this explains why the nasdaq is doing so well. it dropped below 1.50. that always help tech stocks. bitcoin above 31,000-dollar mark. that is where the bitcoins are to morning slightly higher. >> now this. picture this please, "new york times" square late sunday afternoon. it is still broad daylight. two men selling cds on the street get into a firefight. one opens fire in broad daylight. a surveillance video shows the shooter waving his gun on a crowded street. a bullet ricocheted into bystander, former marines. one of his relativeses pried the bullet out, gave it to the police. on the spot. all this on a sunday afternoon of times square.

what does it say to visitors? no wonder mayor de blasio is mocked from his tweet, future is so bright that i have to wear shades. alexandria ocasio-cortez is saying we're hysterical about big city crime. she is defending the defund the police movement. democrats are in real political trouble on this one. there is no question that violent crime is surging in big cities and democrats are getting the blame. a yahoo! poll gives president biden only 36% approval rating for his handling of crime. no wonder. the president thinks it is just about guns, not so much policing. the left defunds the police, disrespects them at every turn. the no bail policy puts criminals right back on to the streets. looters, rioters, so often walk free. eric adams, likely to be new york's next mayor, he says america is failing in running

cities. he is black. he is a former police officer. he is a democrat. second hour of "varney & company" about to begin. ♪. former governor of arkansas mike huckabee joins me right now. governor, do you think a mayor like eric adams could turn new york city around? >> sure i do. let's go back when it was in a mess with david din kings. rudy giuliani came in, in a relatively short time he made new york a city people wanted to go back to, rather than a place they wanted to stay away from. new yorkers seem to have forgotten what it was like when liberal democrats ran a city. here is the thing, i know you and aoc are tight, you guys chat all the time. stuart: yeah. >> you might want to tell her this is not mayberry rfd. and that andy doesn't really

need to go about doing like he did keep his gun at home. he needs his gun in new york. he need as lot more than barney with him on the streets. and it is not going to help to give otis a key to the jail if otis will go out and shoot up the place. you get this crazy feeling people running new york have lost their minds. stuart: on the national picture here, we have president biden, he clearly thinks that the crime problem is essentially a gun problem. that is where he is focused. i think he is completely wrong. what about you? >> he is completely wrong. the cities that have the strictest gun control laws, the ones where it is hardest, to get, obtain, legally use a firearm are where crime is rampant. it is a real simple explanation, stuart. the criminals know if they break into a house they're likely not to be as armed. if they break into a house in my

neighborhood, there will likely be a firefight and they will lose. they are careful where they are going to go. doesn't take a genius. anybody with a i.q. above broccoli should understand that. i don't know why it is hard tore democrats to get it. stuart: coming next year 2022 i think it is a losing issue for democrats. what say you? >> it will be a losing issue because of all the things people care about, pocketbooks are right at the top, right above that is ability to hang on to their pocketbooks to keep a thief from come nothing their home and taking it from them. security is an issue. democrats are failing on it. it is a good time to republicans to remind americans where they stand on these issues compared to democrats. stuart: governor, see you again soon. >> thank thank you. stuart: now this, states that ended the extra unemployment checks, those states are seeing

more people going back to work. steve forbes with me now. republican states are seeing this. this is a big gain for republican states. people are not paying the weekly benefits and people are going back to work. my question, why won't democrat run states follow suit and do well themselves? >> well, because they're afraid of the far left which want as national minimum wage of $15 or more. which want as universal income, minimum income nationwide. think see these programs as ways of, doing backdoor ways doing broad objectives they know they can't do directly. that is why they pushing more and more benefits for people with kids, more in a welfare way, that we got rid of for a while in the 1990s. they're going to be pushing these kind of programs. so democrats, democrat governors other than the one in louisiana, last one i saw, are afraid if they do what other republican governors have done, end those

bonus payments for being unemployed, they're going to face primaries, and their careers may come to an end earnings i think the left is on the back foot on this one. they're losing the whole argument here. whether it is crime, the border, or extra unemployment checks. i think they're losing ground. what say you? >> they are losing ground. they will be even more desperate. why they reacted the way they did to biden's so-called bipartisan deal which was no deal at all but the left hated it. biden is floundering on that issue. the left knows they only have a few weeks left to get their broad program to do. they will use every means possible in congress to make it happen. you will see senator manchin, senator sinema, and others, cinema from arizona and other senators go through huge pressure. they will try to ram as much as this stuff through as they can. they know the window as you point out is indeed closing on this, they see as their

opportunity to socialize america. stuart: they will not get it. the votes are not there. we're all said and done there are not 50 or 51 votes in the united states senate to transform this country, make it into a little europe. i don't think the votes are there. last word to you? >> that's right. that's why you see the stock market as doing as well as it is. if the stock market actually thought this program or a good piece of it went through you would see red signs, not green signs. stuart: indeed. steve forbes, thanks for being here. see you again real soon. >> thank you. stuart: at this moment we do have the dow down what, 137 points. that is not a huge drop. it is about .4%. .4%, 34,300 where we are. lauren is with us this morning. good morning, lauren. lauren: happy monday. stuart: you're looking at some of the movers including carnival cruise lines. lauren: they are selling 500 million collars in stocks. look at carnival and other stocks, there are worries that

some countries will bring back the tough quarantine rules. the good news for carnival even though they're down 6% they restart cruises in the u.s. in a few days. stuart: worth pointing out israel and britain reinstituted some restrictions. the delta variant, that follows into the travel companies. carnival is down. they are issuing new stock. lauren: let me get to this real quick. stuart: doordash and beyond meat. lauren: for 4th of july do you want to grill a fake burger. stuart: it is a good idea. lauren: a way to get fake meat more popular. virgin galactic i was set to tell you it was up 7% after nearly 40% gain own friday after they got go ahead from ffa to take passengers in space. but that stock turned around.

look that stock turned lower. they hope washington passes the bill. it turned low. stuart: quite a turnaround. lauren: changed my whole script. stuart: we have to figure out the reason. we don't know what it is. bitcoin, $34,000 per coin. anything new in the cryptos? lauren: up for the second day. a lot of people are saying well there is this global crackdown, uk, china, uk banning a crypto exchange from doing regulated business in the country but a lot of people are saying that is a sign that the market has matured and that's why we're finding support for bitcoin at 30, did embrace 30,000 level. probably 35. stuart: technical analysis draws comfort from it didn't drop below 35. lauren: i don't know if i buy it. regulates to coming after you, that is not a good sign. stuart: some saying regulation will be a good thing for cryptos. stablizeed everything.

you know the rules. lauren: that is not what the cryptos want. that is anti-their purpose, right? stuart: right. fight against critical race theory in schools. it was personal for that father in illinois. let's hear some more for him. >> no mom, no dad in the house. worked my way through college. hustled my butt of off get through college. somebody look like white folks kept me from doing that? stuart: that was a great line. ty smith is the man's name. he is on the show with his message. how was his message received by the school board? we'll ask him. called the robotics prodigy leading the pack in the drivers truck race. i'm talking to a 26-year-old ceo of embark trucks just ahead. first though, former president trump heads to the southern border this week, wednesday actually. will the visit accomplish anything? i will ask former acting i.c.e. director tom homan. probably more than vice president harris

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all of this area is concerns, low-lying brush. for people dropped off here it is easy for people to get lot. it is a 70 miles from the border and it is the last line of defense for agents to stop drug smuggling and human trafficking. there are privately owned ranches where many people take off by foot. with soaring temperatures in this area, in 202147 people have already died. this number will increase in july and august as they are the hottest months of the year. >> some are on the verge of death. they are cramped up. they can't walk. they are laying there, you know in the shade. they can't even stand up. reporter: the rancher on this

property, dr. michael vick others and his wife, began citizen militia group texas border volunteers in an effort to stop smuggling operations turning them over to border patrol. he found broken fences and drained water reservoirs during the dangerous surges. they found 900,000 people across the border. most crossings occurring near the rio grande valley area. now the specific center has been under scrutiny for the reported poor conditions there for children. stuart. stuart: alex, thank you very much indeed. i want to bring in tom homan has a lot to say. he had a lot to do with the border. first off, what did they get out of vice president harris' visit to the border last week? >> she got a photo-op opportunity. that was it. she didn't even go to the rio

grande valley the epicenter. she went to el paso. she never left a air-conditioned building. last week i was on the arizona border with 50 sheriffs talking about crime on the border. we were on the fence line talking to men and women on the front line. vice president harris is in el paso far away from the crisis in air-conditioned building not talking to a single border patrol person that works the line. stuart: no concrete action out of any kind coming out of the vice president's visit in terms of stopping the flow or reducing the flow, no action whatsoever? >> they have taken no steps to stop the flow. what she did talk about immigration activists attorneys how they release people quicker and welcome people faster. this is about getting people into the country. what this administration is doing, instead of deciding to stop the flow add consequence, they're getting good releasing quickly. there is no crowding at border patrol stations there is nothing to see here. they think that is success.

when you release quicker, that brings more people into the country illegally because they know they don't he won't be detained. stuart: do you think they want to close the border? >> no. this is by design. president biden knew exactly what he was doing making promises. signed executive orders making it all happen. this is open borders. there is no intention to secure the border. stuart: what do you think we might get out of former president trump's visit to the border? i believe he goes there on wednesday. do we get anything concrete out of that? >> absolutely. i'm going with him. president trump, and his whole team, mark morgan, steve miller. we bring the whole team down there to talk about how we achieved the most secure border in our lifetime. things that we've done, steps that we've taken. we'll meet with governor be a bottom and talk about the things he can do to secure the the border. governor abbott is a patriot. he is trying to protect the citizens of texas he is protecting the entire united

states. i'm been down there to the rio grande valley four times. none of these people crossing the border are staying in texas. they're going across the border. governor abbott is a patriot. the federal government refuses to do their job to secure the border. homeland security secretary is abdicated his responsibility to secure the border. we're going to help him. stuart: are you seeing the wall, parts still not built with an effort to get the thing built? >> absolutely. we'll go towall. not like kamala harris didn't do. we'll talk to local ranchers, men and women on the front line. we'll have a roundtable what the governor can do to secure the border. we'll do the right thing. president trump may not be president anymore. he is being more presidential on this issue than biden, harris and the secretary of homeland security right now. stuart: fair enough. tom homan, interesting trip you're about to take. like to be with you. tom, enjoy the trip. we'll see you again real soon. >> thanks for having me.

stuart: sure thing. here is the on going story. nine people confirmed dead in the south florida condo collapse. lauren. this, i'm reading about this new report that major structural was flagged three years ago. lauren: a warning came in october of 2018 from a consulting firm. they blamed a leaking pool, bad drainage for deterioration of concrete slabs under the pool deck and the concrete garage. cost of the repairs was estimated nine to $15 million. a line of credit was taken out by the building to handle the repairs. work had not begun. city of surfside they saw the report from three years ago, 16 hours after the building collapsed. crews are still searching day five for 150 people still missing. stuart: terrible. thank you, lauren. i'm switching gears. check the markets. we have various stocks. the dow is down 119. lauren there will be a few down

names that are dragging it down? lauren: economically sensitive stocks and sectors. you have dow, boeing, the delay for their long haul plane by about two years, chevron, that is another big loser on the dow, oil company. nike, disney, united health, american express. so that is the what is not the leadership, opposite, laggards on the dow. weighing down the dow. stuart: laggards weighing down the dow. stuart: how many cliches can you get in one sentence? nice try. lauren: investor go to the growth and tech stocks pulling back from the cyclicals. economically sensitive. stuart: certainly are. nvidia and microsoft hitting brand new all-time highs earlier this morning. lauren: yep. stuart: thanks, lauren. now this. an olympic athlete turned her back on the stars and stripes. the backlash was swift. we have that story for you. plus, an iconic fedora, as in hat hitting the auction block. roll tape. >> oh, my god.

oh, my god. oh, my god. oh, my god. is he nuts? >> he is not nuts. he's crazy. stuart: that is the fedora. that is harrison ford's fedora, his hat. it is on the auction block. we'll tell you how much it will sell for. i tell you a lot of money. we'll be right back. ♪. 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, and all the ways schwab can help me invest. this is andy reminding me how i can keep my investing costs low

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more of life insurance you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit conventrydirect.com to find out if you policy qualifies. or call the number on your screen. coventry direct, redefining insurance. stuart: talk about a split market? the dow is down 120. the nasdaq is up 100. there you have it. let's bring in dennis gartman. dennis is with us this monday morning. let me go at you like this. as i understand, i read your stuff, and i think you're saying that the central banks around the world are keeping interest rates extreme live low so that their governments can finance, can easily finance all their wild social programs. so you think it is deliberate what is going on here, right? >> i think it is very deliberate. there is no question but investors demand higher rates but are not getting it because the treasurys around the world

are demanding lower rates in order to fund the deficits that everybody is lack of a better term enjoying. this will continue for a while longer. it is nonsense. it will eventually end in tears but it will continue to go on for a long period of time into the future. as i said it is nonsense but right now don't fight it. stuart: that makes central banks highly politicized. >> oh, yes. stuart: federal reserve included. highly politicized central bank environment, right. >> absolutely. i think it's a bad decision on the fed's part. i think they're giving up their independence to the treasury. the fed originated to be independent, to have monetary policy separated from the government. right now they are a amalgummed again. this is very, very bad decision for the long run. again anytime you fight the fed it will hurt you. right now the fed is in control. the fed has predominance, treasury has predominance over the federal reserve bank. that is going to continue. it is nonsense, that is the fact of reality right now. stuart: so the fed continues to

print money at the rate of what, 100 billion a month, is it in repurchasing bonds, what have you? okay. i think we just lost audio there, i think we did. i think we just lost the audio from dennis. he was about to agree with me this heavily politicized central banks around the world are supporting social programs from their governments. dennis, i think he is back with us. when does -- he is not. we lost him? dennis, we wish you well. sorry we lost you. let's get to the cryptos. why not, we dealt with stocks and central banks, now the cryptos. bitcoin up $2500 at 34,300 bucks binanc it, that is the world's largest crypto exchange got banned. lauren is here. where was it banned? lauren: in the uk. regulators said binance didn't

meet the money laundering requirements. it can do business but not regulated business. cryptos are bouncing. etheorum up as well -- etheorum. like banks, will crypto exchanges have to check on the legitimacy of their clients, for instance? a regulated market that gives oomph and more validity. stuart: some people think some form of losish regulation is good for cryptos. lauren: that is exactly what they don't want. they don't want to be regulated. that is anti-their purpose. stuart: people think it would help cryptos and coin price. lauren: that is the thinking. it's a volatile market. we haven't seen crypto trade above 35. stuart: 9:00 this morning with bitcoin. lauren: i know. stuart: we're a political, financial show. what do we do, start with cryptos instead of stocks. lauren: any website where you go check the dow, s&p, nasdaq, hot stocks, they have a crypto

section as now as well. it is unbelievable. stuart: it is here to stay i think. lauren: regulated tore not. stuart: oh, this is for you. our own charlie gasparino reports that walter isaacson, he is the guy that did the best-selling steve jobs biography, he has his eyes set, you tell what is going on here. on another big tech inknow vator. lauren: it is elon musk. charlie is reporting over the summer, continue to talk, make a decision. will isaacson write musk's biography? stuart: write his own. lauren: the jobs biography sold 3 million. i agree with you. musk hinted at this, he will write his own biography. that is the one people will want to read. stuart: did you read isaacson's book on jobs? i did. lauren: i loved it. two years to write. 40 interviews. that came through in the writing. stuart: it was brilliant. it was thorough. it was long. it was in detail, in depth. he caught that guy. he caught steve jobs for what he

was, who he was, how he worked. very good. i love to see him do musk. that would be priceless. lauren: whoever does it will fly off the shelves. he has a following. stuart: we're moving on because i see the dow down 136 points. there have got to be some big movers here, lauren. what do you have? lauren: not on the dow. biogen, they're down because lawmakers are investigating the approval of their new as heimer's drug, $56,000 a year without much clinical data to back it up. that would generate five billion in sales. that stock is down 2.75%. on flip side, intelia therapeutics, up 41%. partnership with regeneron. a phase one study of a gene editing treatment but it was positive. these stocks and other gene editing companies are also higher today. so in a mixed market day, i showed you some nice winners. stuart: gene editing is becoming so sophisticated.

lauren: i know. stuart: really contributing to medicine. lauren: that is the future. stuart: extraordinary. crisper, the one originally read dna, isn't it? i think the original. dow 30, a sense of the market. about 2/3 down, 1/3 up roughly speaking. dow winners at the top of that list is, there you go, intel up. apple, sales force, microsoft, amgen big names at tom of the dow winners list. s&p 500 winners list, etsy, i call them a chat key exchange that is not being nice to them, up 5%. nasdaq winners headed by nvidia. there you go again. about to do a four-for-one stock split. that always helps the company, the stock i should say. it is up another 4%. there is this. making olympic at olympic trials, new jersey native, sydney mcglocklin shattering the

world of 400-meter hurdles. what a development. we'll get into this. >> the father fighting back against critical race theory. here is some more from the guy. roll it. >> you're going to deliberately teach kids this white kid right here got at you because he is white? you're going to tell white kid, black people are down and depressed. how do i have two medical degrees and i'm sitting here oppressed. stuart: how do i get two medical degrees an i'm oppressed. ty smith is the guy's name. he is here after this. ♪.

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which will provide you important, never seen before facts and information you should know about making gold, silver, and platinum purchases. for faster wealth protection request a digital version of our complete information kit which will be emailed for faster delivery. - pick up the phone and call america's gold authority, u.s. money reserve. with nearly two decades in business, over a billion dollars in transactions, and more than a half a million clients worldwide u.s. money reserve is one of the most dependable gold distributor. stuart: gwen berry, is a u.s. olympian, the hammer throw is her event.

she doesn't care much for america. finishing third in a recent event she turned her back on the flag and she covered her head with a t-shirt saying, athlete activist. well she was sharply criticized. this morning she responded by saying that i never said i hated this country. i love my people. okay, got that. she will be representing america at the tokyo olympics. lauren, she is getting all kinds of backlash from this i'm sure. lauren: absolutely is. california congressman tweets let's turn our backs on her and journalist david steinberg says, send the fourth place finisher instead. gwen berry has a world of options if she doesn't want to compete on our flags. not a penny taxpayer money should fund her campaign. this mapped at olympic trials. what will happen in tokyo?

rule 50 essentially bans such demonstrations? stuart: is that right. lauren: very popular right nor now athletes to use the podium to express what they want to say. the olympics are non-political. you can't do that. stuart: supposed to be. lauren: will any do it in toke tokyo. they're not supposed to. the rule says they can't. some are going to. stuart: change the subject. we have much better news to talk about. one sydney mcglocklin who broke a world record at the olympic trials. tell me more. lauren: there she is the jersey girl. had 34 h 400-meters world record. ahead of the olympic champion. what does that time look like? 52, 51.0. that is a new world record. >> the first woman ever under 52 seconds flat.

lauren: under 52 seconds. oh, my gosh, you can see how excited and surprised she was. her mouth, oh, my gosh, i can't believe i did it. jersey girl. stuart: running a quarter mile, jumping over fences on the way, doing it in 52 seconds. i think the fences are bigger than me, number one. i can't run for two minutes. stuart: fascinating. great performance, sydney. lauren: exactly. 21 years old. stuart: thanks, lauren. listen please to this. >> teaching kids how to hate each other. how to dislike each other. [cheering] all coming down to. no mom, no dad in the house. worked my way through college. sat there hustled my butt off through college. you telling me all the white folks kept me from doing that? stuart: that gentleman is ty

smith. the gentleman son the program. welcome, ty. great to see you. >> thank you. stuart: it must be millions of people have seen what you were saying there. i want to know, what impact did it have? was there any progress made in your local school board? have you made any progress after your speech? >> oh, absolutely. there has been a huge amount of people from the community and from pretty much all over the world sending me emails, showing great support, thanks for standing up for our children. thanks for being corageous and bold and thanks for pretty much telling the truth. in our community as far as that school board meeting i'm told, they canceled the next three school board meetings. stuart: can you actually get crt, critical race theory, can you get it out of your local school system? can you do it? >> i think we can. it will have to come down to parents. have to come down to the parents around really standing up they don't want this to come. the thing is a lot of schools are saying we're not teaching it

yet. good. the thing is we want it known don't want it there even if you're thinking about teaching it. stuart: you're a natural born public speaker. that is for certain. on the circuit you could make money. what was the reaction to you of people who support critical race theory? >> i will give you an example. [making cricket noise] that is what it was. they had nothing to say. the pretty much lifestyle i came from. i was type of person they were talking about that was down and suppressed oppressed, disproportionate. for me to come out of that to work my way through school, get where i am, i called bs on it. it is nonsense. i said i can't believe we're even talking about this because it's a complete lie. not one white person or system in place kept me from doing what i did. nor has it kept me from the kids i mentored, it hasn't kept them from graduate offing going on what oppressed narrative says we

can't. stuart: you have two medical degrees? >> yes, sir. they're background is in therapy around orthopedics. the thing is, getting those as soon i said that that has been the focus. that is what mainly being played. i told whoever i call them the far left, it seems like they want to focus on that. so now i have no degrees. i don't have a wife. i don't have any sons. i'm not a musician, i'm not a minister. i'm some actor placed there by the republican party. turns out i'm candace owens brother. stuart: you know, you got a great stand up act right there, sir. you really do. that is a fact. i've got 30, 40 seconds left. what are you going to do now. what ask your next step in this process? >> i'm open to, i've already been community, you say a public speaker. i've been already speaking public any the community since i was 18 years old. this is pretty much opened up a lot of opportunities. my youtube channel is modern renaissance man. how people can get in contact with me to speak at other

engagements. i am open too it. time for america to see the truth about everything. stuart: say it again, modern renaissance what? >> my youtube channel is modern renaissance man. stuart: you appear on it regularly? post regularly on it? >> i do sir. ton of things. it's a variety channel. stuart: have you got an agent yet? >> not yet. there are calls. i'm open to calls so. stuart: look, we really enjoyed your message delivered with real panache there. you're a great speaker. i hope you come back on to this program again, see you again. we would like your input sir, we really would. >> absolutely anytime. stuart: ty thank you very much. >> have a good one. stuart: that homeless encampment in san francisco cost taxpayers $60,000 per tent per year. how do you get, how do you make any sense of something like that? well we're going to discuss it just ahead, promise. first i'm talking to the

25-year-old ceo of a driverless truck company. that young man is a whiz. the company is called embark. on this show after this. ♪. ♪ all by yourself.♪ - oh. - what? rain. cancel and stay? done. go with us and get millions of felixble booking options. expedia. it matters who you travel with. advil dual action fights pain 2 ways. it's the first and only fda approved combination of advil plus acetaminophen. advil targets pain. acetaminophen blocks it. advil dual action. fast pain relief that lasts 8 hours.

stuart: one sure sign of back to normal, that is traffic on the nation's highways. that is some pretty good traffic right there in bakersfield, california and here is your weather forecast. it is 80 degrees there right now, going higher and it will be sunny all day long. bakersfield, there you go. businesses struggling with the ongoing truck driver shortage. it is so bad some are renting drivers from other states to fill the gap. that comes with a cost. lydia hu is with us. lydia, what is the added cost here? >> hi, stuart. this company says they are going to have to increase their prices about 7% across the board. we're at the wear in bronx, new york. the company supplies top-notch ingredients to restaurants across the country. take a look at the loading dock

just behind me. they say usually at this time of day the docks are loaded with trucks getting backed with deliveries to go out across the country. right now, no trucks that is in part because not enough truck drivers. last year they lost 30, 40% of their drivers. now demand for their food products is returning, the company is forced to hire out-of-state truck drivers at a premium, bringing them to new york city, paying not only their wages but also room and board. the founder of the chef's warehouse blames in part enhanced unemployment benefits. >> anybody that was able to drive including the executives of the business, myself, and or use the machines outside that you saw before, we were on them picking loading trucks, even moving them around. when people are not receiving extra unemployment benefits to stay home, they will be lined up to take back jobs. reporter: now that founder, john pappas, he told me the cost of delivering your food right now

is so expensive, on a recent delivery the cost to pay the freight and the truck driver from out-of-state, was so much it wiped out all of the profit they made on that delivery, just to give you an idea how hard it is for this business right now, stuart. stuart: very clear picture how hard it is. lydia, that is good stuff. thanks for joining us. see you soon. a self-starting truck startup embark, is set to go public. this is $5.2 billion spac deal. the ceo and cofounder of embark alex rodriguez joins me now. alex, good to see you. >> thank you, stuart. stuart: you're the 25, 26-year-old whiz kid, are you not? >> [laughter] that is, that is seem to be the thing people put on twitter, yeah. stuart: i read it. what you do, you got self-driving technology, software, that you install on the trucks. so you don't build the trucks, you have the software to make them self-driving, is that

accurate? >> that's right. embark is focused on building best in class software and partnering with leading shippers and carriers to actually bring that technology out into the market. stuart: am i right in saying a few years ago, like 2018, a self-driving truck made it from coast to coast, is that true? >> that's right. that was our truck. stuart: that was your truck? see i didn't know that. now, with software, does a driver have to behind the wheel or at least in the passenger seat or somewhere? >> yeah. the way the technology is designed to be used is operating between what is called transfer point. so what that means is it doesn't go into the cities. i wouldn't go into the downtown warehouse location from the segment a second ago but it will go, it will go between cities. so it starts at a location near the highway and goes between, for example, los angeles and phoenix. you have a local driver will

pick it up to take it the last mile all the way into the city. it is meant when it is going between hub to hub it is meant to operate with nobody inside at all. stuart: nobody inside at all when going hub to hub. when may we actually see this happen? >> yeah. this is something that embark has been developing for more than five years. so we spent a lot of time testing this on the road. today there are still somebody inside of the truck, safety driving it. we anticipate deploying this commercially inside of our carrier partners fleet in 2024. stuart: so, just trying to synthesize all of this, in 2024 you may have a truck on the road with no driver behind the wheel or in the passenger seat going from hub to hub, maybe 1000 miles hub to hub? you can do that in 2024, that is your expectations, right? >> yeah, that's right. that is something we've been testing for a long time. so these are trucks that we run

on freight routes today with real freight with our partners. they regularly run from one end to the other without the person needing to do anything. this isn't just an idea. this is somethingwer commercially operating today and we look out to 2024 to have these running across the u.s. sunbelt. stuart: 25, 26-year-old, when you go public through the spac will you become an instant billionaire? >> i, i don't think so. we got a lot of work ahead of us. my focus is really on getting these trucks up and running, moving as much freight as we can. stuart: alex, you are a diplomat. i hope you make it big time. that's a fact. alex rodriguez with embark. >> thanks for having me. stuart: see you soon. good stuff, man. another good hour coming up. stephen moore, joe lombardo, the ceo of pay here. coming up next hour of "varney" which starts momentarily.

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>> i'm going after apple at the top of my list, i'm going after mark, and gilead, so that's my shopping cart today because the future is coming at us. anybody who thinks they wait for confirmation is waiting a long time and they may never get the shot. >> there are a variety of ways that doximity monetizes its platform so a telehealth platform that allows physicians to really easily connect with their patients to deliver better >> a lot of this is driven by

new car shortages, and until those new car shortages end, i think we'll see continued used car bouyancy in prices. >> cars that would have gone for about $15,000 same car in january this year, now going for about $20,000, so the increase has been substantial and that is very unusual. >> the left knows they only have a few weeks left to get their program through but the window as you point out is indeed closing on this. they see as their opportunity to socialize america. >> ♪ stuart: all right, you're looking at new york city, that's the fox corner, you might call it, 48, 49th street and 6th avenue. 11:00 eastern time, monday, juns , where are we? we're down 160 points for the dow industrials there's a few dow stocks which are sharply lower weighing down and

dragging down the whole average. the s&p just down a fraction, nasdaq though, holding on to a gain of about 80 odd points. big tech some real winners there , microsoft hitting a new high earlier, apple has gone to 134, facebook is at 342. the only loser in big tech right now is alphabet. now, this. if you want to get people to go back to work, stop the payments that keep them at home. guess what? in states that stopped those payments more people have gone back to work. the wall street journal headline tells the story. americans are leaving unemployment roles more quickly in states cutting off benefits. yeah, that's right. from mid-may to mid-june, a 13.8 % drop in the number taking the money in those states that are nounsed a cut, down 13.8%. they were pushed back into a job , take a bow, republicans. gop governors led that charge, so why do democrat-run states

keep the payments going? i think they are trying to buy votes. the left really doesn't care about getting back to work, economic growth is not their objective. they want dependency. they want to say vote for me, and the money keeps coming, and cutting it off be just harsh and cruel. come on, get real. you might not have liked your old job, and you want something new, but don't expect taxpayers to finance your job search. wages are rising sharply, and employees are offering all kind of benefits, extras to get you back to work, and there are 9 million job openings. come on. time to get off the dependency train and get back to real prosperity. the gop-led states are showing you how to do it. the third hour of "varney" & company just getting started. i want to get straight to this.

senator mitt romney is issuing a dire warning about china's military and economy. listen to this. >> the real challenge is not just to russia poking a stick in our eye every chance they have but the emergence of china which is on track to become the most powerful economy of the world and the most powerful military in the world. stuart: stephen moore with us this morning. stephen what do you think of that? the china's economy is becoming, what was the exact expression? i can't remember what he exactly said but the more powerful than us. is that likely? >> well first of all, stuart, b ravo to you for getting the story exactly right on these unemployment benefits and remember about six weeks ago, on this very show, i basically made this prediction these blue states would pay a high price for continuing these outrageously high unemployment benefits on top of all of the other welfare and you're seeing. now, in terms of this issue with

china, i think mitt romney is right. right now, china's on a path that they think in the next 10- 15 years they will overtake the united states, but if we take competitiveness seriously in this country, stuart, if we keep our taxes low , if we don't burden our economy with massive new regulations, if we don't go after our technology companies, i mean, my goodness, the u.s. government, republicans and democrats, are most successful companies in america, google, and apple and amazon and facebook and these countries that have become trillion and $2 trillion companies. we are shooting ourselves in the foot, because of bad policies in washington. if that continues, then i think china becomes a threat. if we maintain the free enterprise system with lower taxes, deregulation, the things that worked with trump i don't think china will catch us and we will for the next 50 years continue to be the global economic super power. stuart: let me ask you about the impact of a big increase in

capital gains taxes. >> right. stuart: president biden wants it to go up to 40% of the tax on the proposed capital gains tax if you're making a great deal of money. what will be the impact if we did that? if we went to that level of capital gain taxation? >> this is exactly the point i was just making, right, stuart? we are imposing under biden one policy after another after another that is social justice, equity, all of the income re distribution, but not focused on growth and making sure that america remains number one in terms of our economy, and this is a perfect example. i mean, what kind of a nit wit would even suggest a 43% capital gains tax? that would lead to a massive dis investment in the united states. i had a hand in helping trump put together his tax plan. we reduced the tax on capital investment in the united states.

we had the repatriation tax at 10%, and we just sucked capital in from the rest of the world. if you put in place that 43% capital gains tax and by the way i want to assure your viewers i don't think that's going to happen, stuart, i don't think even the democrats in congress will go for something that crazy but if you did, you would see less revenue to the government, and all of this money plowing out of the united states, going to europe, going to india, going to china and japan, and that doesn't put america first. that puts america last. stuart: well said, stephen moore , nicely wrapped up too. stephen thanks for being with us we'll see you again real soon. >> thanks stuart. stuart: back to the markets i see a little red ink for the dow industrials but a nice green, shade of green for the nasdaq up nearly 100 points, jason katz with us this morning. i read your stuff, you know i do and you say, this is intriguing, you are unapologetically optimistic on stocks. you don't have to apologize, just give us a reason why you think stocks will keep going up. >> you know it's funny.

lately, i feel like i have to apologize. like people say to me jason, the markets up 90% off the lows. taxes are going to go up. the feds not going to be friendly and so i was reflecting on it and you know what? being bullish is not in vogue right now but you have to ask yourself, whose the incremental buyer? it's the silent majority. people vote with their money. they aren't voting with their mouths. you can't find that many people that constructive, so to answer your question why am i constructive on the market, look , the fed is not going to be tight, or at least for the foreseeable future. we're not going to get a rate hike, at least for a year and a half and the tapers not going to begin until the end of this year , early next, and we're going to have torid, i repeat to rid earnings growth, maybe over 40% this year. we raised, we've seen analysts raise estimates, not once, twice last quarter. the analyst community is behind the curve on this one, so we've upped our 12-month target to

around 45-50 which look isn't wildly optimistic. it's around 6-7% from current levels i think that's extremely doable stuart. stuart: very bullish too, one last one though, you're not worried about inflation? >> there are 9.3 million job openings, you've been talking about this all morning. a lot of the forces that are limiting labor supply are going to abate in the fall. once they roll off these enhanced benefits, you're going to see employees not have the same leverage over their employers. in fact, productivity numbers are stronger today than they were pre-covid which means the technology forces that kept inflation at bay for the last decade are still in place, so those that are seeking higher wages now, namely lower-skilled employees, are not going to have that type of leverage and as a result i don't think you'll have runaway inflation, no, sir. stuart: jason katz, unapologetic ally optimistic on

stocks i like that expression and i'll use it myself. jason thanks very much indeed. see you soon. susan is rejoining us now and you're looking at salesforce. what do you got? >> so it looks like salesforce has been initiated as a buy this morning by redburn research worth $320 so that's pretty good upside, and hence the stock is rallying at this hour. you also have etsy buying a brazilian version of itself called elo 7 it's a $200 million acquisition and we know that etsy is a big lockdown winner and they've been on a buying spree as of late including picking up $1.5 billion for depop for the gen z buyers out there and tesla is running up to $700 a piece or so and that's despite the fact you had this rally today despite that soft recall of 235,000 model 3, model y in china that really all they need is a software update and a fix but tesla like the rest of the high growth, high-tech sector rallying with 10 year yield coming down to 150

or so which means they don't look as expensive or as risky when there's less guaranteed money on government bonds. also remember, stu, this is a liquidity-driven market. goldman sachs says that u.s. households and corporations and buybacks will buy half a trillion dollars in stocks by the end of this year and u.s. households, get this , i found this astounding, will be buying the most u.s. stocks in history, this year. stuart: i think it's called investing and it's a wonderful wonderful thing. take a look at the dow 30, please. where are we with them? two-thirds are in the red they are down, we just got a handful that are actually up. some big names with these weigh ing on it hurting the whole average. the dow winners headed by intel about $57 a share look at microsoft at 267, apple 134, 3m 196. here are the s&p 500 winners, viacom, cbs right at the top, we've told you about etsy, and they're up $10 that's 5.5% the

nasdaq winners headed by nvidia again, awfully close to $800 a share, right before their 4-for-1 stock split. next case, how much would you pay for indiana jones fidorah? how about james bond suit jacket they are all up for auction and they will be on this show we'll tell you how much they like it to sell though but first republicans are to blame for the surge in violence across the country. the sheriff of clark county, nevada will respond to that, plus he's got a big announcement to macon this show, today. energy efficiency in texas says they can handle the record breaking demand for power but climbing temperatures will put the state's power grid to the test. we're all over that one. stay with us as the third hour of "varney" keeps rolling. >> ♪ it was the heat of the moment ♪

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♪ me and you have all the fame we need ♪ ♪ indeed, you and me are we ♪ ♪ me and you singing in the park ♪ ♪ me and you, we're waiting for the dark ♪ >> ♪ stuart: that's austin, texas, 7d rising. it's hot there, and by the way the texas power grid extreme heat is a concern for that grid. residents are being asked to conserve energy. well grady trimble is in texas, although what about blackouts coming, grady? reporter: they certainly were worried about rolling blackouts, stuart, last week during the height of the heat wave here , and they are going forward , deeper into the summer months, as well.

the power grid here in texas was front and center on people's minds, after those february winter storms knocked out power for nearly 70% of people in the state of texas. ercot, which operates the power grid and governor abbott insisted that the heat is something that they are used to and there was enough reserve capacity to deal with potential outages at plants but energy experts question that, saying that the state came uncomfortably close to some outages. there were calls to conserve energy as you said by setting thermostats higher, turning off lights, delaying loads of laundry and it's still the beginning of summer, there are fears things could get worse as we head into the later months >> i see a lot of really ticked off people, because they are going to wake up in the middle of the night and they've signed up for these flexible plans where they have given municipal authorities and their electric providers the ability to turn their thermostats up, when there's high demands, and so i

see a lot of people waking up in the middle of the night sweaty. reporter: worth noting that the current infrastructure bill does include about $73 billion for power infrastructure. it's unclear though, stuart, how much of that money would come to texas. we should also point out that the state legislature has made some changes to the power grid here, calling for several plants to be weatherized so that in an unlikely event like last february storms come up they are prepared to deal with it. stuart: grady trimble in texas thanks so much, grady. i've got a special guest with me this morning, sheriff joe lombar do from clark county, nevada. sheriff, welcome to the program i believe you have a big announcement so please go ahead and make it on this show, now. >> good morning, stuart how are you? stuart: good. >> good. yeah, this is sheriff joe lombar do here in las vegas, the hot las vegas, i heard about the narrative about the temperatures across the

united states but more importantly we have a hot topic here. i am sheriff of clark county and i'm running for the governor for the state of nevada. the day i make my official announcement and then i'll go on a tour throughout the state and profess why i'm running for governor and the reason why i'm running for governor is recently nevada turned blue, and it's going in the wrong direction. we have a sort of a socialist attitude occurring here in nevada, single-party rule. the legislature, the governor' office, and all of the associated offices have recently become blue, and it's important for me in my stance, reference law and order and taxes and immigration and the second amendment that i throw my name in the hat and move forward with a run for governor. stuart: okay, sheriff? if you were to be elected as the republican governor of nevada what's the first thing you would do? what's the top of your priority list, the very first thing? >> well the first thing is to

let the legislature know that i would not accept any new taxes that was brought forward to me, i would immediately needle that and hopefully, ensure that they wouldn't even bring it to my desk. we have to create an environment here, a regulatory environment here that is conducive to our diversified economy which we do not have in nevada we have to bring manufactures here within the state and ensure that we have an environment and bring families here, and develop an economy. secondly, be an adjustment in the attitude towards law and order. we've talked about it across the united states, there's been a significant increase in crime across the united states, and that is directly related to the current policies. stuart: sheriff, let me jump in for a second, because i want to respond to what you just said. one of president biden's advisor s is blaming republicans for defunding the police. let our viewers watch this for a moment. roll tape. sure.

>> look, republicans are very good at staying on talking points of who says defund the police, but the truth is, they defunded the police, we funded crime intervention and a whole bunch of other things. stuart: he is blaming the gop for defunding the police. your response to that, sheriff? >> obviously i'm going to pushback wholeheartedly. it's funny how people have opinions when they don't have boots on the ground. in my position as the sheriff of clark county for the last seven and a half years and being a police officer for the last 33 years, i know a different paradigm. i know a different rhetoric and the current rhetoric is politicians focusing on felons rights, handcuffing the police. all this police reform has done nothing more than created a policing environment where police officers are afraid to do their job, and subsequently, the criminal element knows that

and they are taking advantage of that, and we have to change that paradigm. stuart: sheriff joe lombardo, announcing he's running for governor of nevada on this programmed to. >> you said it right. stuart: just getting confused here, sheriff, for now, we wish you the very best of luck and thanks very much for being on the programmed to, sir. come back and see us again soon. >> thanks for the opportunity. stuart: yes, sir, thank you very much. check this out. a las vegas homeowner just hit the real estate jackpot. they sold their home for a record breaking $25 million. 15,000 square foot mansion, the most expensive home ever sold in vegas. all right some individual stocks that are starting to move, how about nvidia getting support from chipmakers for their planned $40 billion take over of another semiconductor company, nvidia right on the verge of hitting $800 a share. that stock has gone straight up. they are going to split 4-for-1

soon and that helps the stock. softbank shrinking its robot business. they are no longer selling their pepper robot, poor sales, apparently. you may remember that pepper was equipped to scan people's faces and remind them to put on their masks. now this. san francisco wants taxpayers to shell out $60,000 a year for every homeless tent they setup. that's california. we've got the story for you, and payonea, the online payment company going public today. i want to know, why now and what's next? i'll ask the ceo. >> ♪

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>> ♪ stuart: summer in the nations capitol, you know what that means, that not much is p haing and that's a fact. check those markets, please, we're down 200 points for the dow industrials right now, and senate minority leader

mitch mcconnell just said the only way to pass an infrastructure bill is to de link it from reconciliation. sounds complicated, but he's basically saying look, you guys out on the far left, you haven't got a prayer, you got to support the compromise measure, the trillion dollar deal. okay? the dow is down 200 points, and that's largely because just a few starts which are moving sharply lower. for example, boeing, united health, chevron, exxon, they are dow stocks and they are all down , that's what's producing this 200 point sell-off. as for bitcoin, that is recovering, it's completely shru gging off britain 's crackdown on by binanc e, and they are issuing a warning about that platform, but bitcoin has gone straight up 34.5 is your current quote and we have kids learning about bitcoin in summer camp. i can hear ashley webster he's laughing. you can't see him yet. i know why you're laughing

because you know perfectly well i would not send any child of mine to a bitcoin camp. what do you got? ashley: [laughter] well i was laughing because i was saying i'd probably flunk the course myself. yeah, this is summer camp for the future. yeah, there's a petting zoo and painting and games but oh, yes there's a class in bitcoin, but the crypto kids camp spans five days, and combines normal activities with a crash course in how to think about buy and even mine bitcoins and bitcoin and other cryptocurrencies. 26 children ages 5 all the way up to 17 taking part on the premise that no one is too young to join the bitcoin economy. most of the children, by the way , are non-white as part of an intentional push by the organizers who say those from black, latino or other communities are less likely to learn about digital currency through family friends or school, the camp being held in southern california but children are coming from as far away as texas and new jersey.

stu? stuart: no problem with that, except i just hope they don't get into bitcoin and cryptos and lose their shorts at very young children. you just hate to see that happen wouldn't you? we've got a digital payments company, payoneer going public on on the nasdaq today, the ceo is scott galit, and he joins us right now. scott welcome to the program. congratulations. i don't think you've got a first trade yet but congratulations on the move to go to do an ipo. good to see you. >> yes, thank you so much, really, a pleasure to be here. it's an exciting day for payoneer everywhere. stuart: now your company, it does online money transfers, digital pay system that's what you are. tell me how you're different from say venmo. >> yeah, thanks for asking we really are all about business-to-business commerce globally, so we held businesses coming from over 190 countries around the world, transact with their trading partners all over the world through digital

channels. we work with some of the largest businesses in the world, actually nine of the 20 biggest companies in the world by market cap, are actually partners of ours, and then we work with millions of small businesses ranging from united states all the way through asia, who are really seeing a whole new world of opportunity with digital commerce, which covid has actually accelerated, and so we see just more people and more places looking to do digital business, and they need a global platform to help them, so instead of a consumer-focused business like venmo, we're focused on b2b globally. stuart: scott, i see that you provide customers with working capital. sounds like you're more of a bank than just a simple transfer payment system. >> yeah, well, we're certainly more than a simple system for moving money. we really do focus on the needs of businesses, and as i'm sure you've seen over the years,

working capital is one of the most consistent needs for small businesses around the world. the world bank is estimated trillions of dollars of unmet working capital need for small businesses and so we're in this really unique position where we know them, we understand their business, we understand who they are trading with and we have these algorithm s with machine learning and artificial intelligence that we can use to extend them, the capital they need to invest in and grow their business so it's a really valuable service, and something that we really, again, are excited to be able to provide to our customers. stuart: what can you see in the fairly near future, that's completely new, coming from your business? >> well part of what's amazing is theres this whole convergence of digital and physical world and actually, what we see is legacy forms of trade and commerce are all kind of eroding , and everything has a digital component now, so we're launching new digital services for merchants to get paid online

, helping them with self- serve capabilities around the world. the kind of merchants that you would see using a shop-ify or some other platform to build their presence online, and they need help in terms of how to actually manage their payments and the financial solutions that they need, so we're really excited to be launching that. we're very heavily invested in that, so that's just one among many many things that we're doing to actually provide more services to our customers. stuart: i see that your stock has now opened, actually slightly lower that's the last quote i got there. what are you going to do with the money you're raising with this ipo? >> yeah, so we are significantly increasing our investment in our technology, in our product, and we're also going to make more acquisitions, so we made an acquisition to actually launch that new merchant services offering i just talked about, and we're going to actually look to increase the number of acquisitions we make because there's a global platform, we have so many customers and they

have so many needs and so many opportunities that we think making acquisitions will help us deliver more value, more quickly , and having a public currency and a strong balance sheet are going to help us do that. stuart: scott galit, ceo of payoneer, congratulations on your ipo. keep us up to speed and see how you're going. >> i look forward to it. thank you so much. stuart: yes, sir. show me beach body a fitness company they started trading today, the ceo will be on the "claman countdown" this afternoon, on this network at 3:00 p.m. eastern. the stock has now gone public, it's open up 7% right from the get go there. ash is back with us now. you know what we want to talk about, san francisco $60,000 per tent per year to house the homeless. give me the story. ashley: isn't that crazy? the san francisco so-called safe sleeping villages is what they

call them. they provide homeless people with tents, three meals per day, security, and washrooms. not bad, the san francisco chronicle says if more funding is approved for the program, the city will be paying about twice the median cost of a one bedroom apartment for every tent, twice the median cost of a one bedroom apartment for every tent, more than $1 billion is expected to be spent in just the next two years by the city, on homelessness. well the taxpayers will be paying $1 billion over the next two years, but that is remarkable, twice the median cost of a one bedroom apartment, stu. stuart: that's california. i mean, how many times do we have to say it's only in california, good lord. all right, ash, we got, you may be interested in this one. james bond's most iconic suit jacket, the one he's wearing right there, i believe, could be yours, it's up for auction, we got details on that one for you.

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>> ♪ stuart: yeah, good song, you're looking at lax, los angeles international airport, we're showing you that because travel really is bouncing back. i've got this number for you, 2.1 million people passed through tsa checkpoints yesterday. that's another post pandemic record, we're coming back. airline stocks not reacting that

very much, in fact most of them are down and quite sharply so too. american airlines is down, united is down. one of the reasons for that is places like israel and britain are reinstituting some restrictions on travel, because of this delta variant, and the airlines are down because of it. by the way, united airlines, they reportedly are finalizing a $30 billion order for 270 new planes. 200 max jets from boeing and 70 jets from airbus. none the nonetheless, united is down 4%. broad way had its first full capacity performance since shutting down last month, not everybody was cheering though, right, ash? what happened? ashley: the boss is back and so is broadway. springsteen on broad way as it's called welcomed back a packed house at the st. james theatre this past saturday night. it was the first to open its doors by the way, on broadway, all the way back in april. it is now allowing full capacity

and yens, but anyone age 16 or older has to prove they are fully vaccinated. didn't sit well with some people those under 16 have to prove they've tested negative for covid-19, and must wear a mask, so there are some rules that come with this , but the theatre itself says not only do they have those rules they've also upgraded the buildings ventilation system and is conducting what the they call rigourous cleaning and sanitation protocols but protesters gathered outside the performance and were railing against the show requiring the guests to show the proof of vaccination which some equated to segregation, stu so it did cause a bit of a protest. not too much. at least people were back out on broadway, but it's those dreaded passports, covid passports that nobody wants. stuart: upsetting a few people. this is for you too, ash. ubs letting most of their staff adopt a hybrid work model.

that's not remote work. that's balancing days at home and days at work. explain how it works would you? ashley: well, yes. switzerland's biggest bank says as many as two-thirds of its workforce will be allowed to work this hybrid schedule basically mixing remote working with time spent in the office. that's a more relaxed approach we should point out that some rival wall street firms, morgan stanley, expects its employees to be back in the office by september, jpmorgan chase, goldman sachs have also begun bringing employees back to their offices so ubs whose more than 71,000 employees and close to half of those are in the united states. the bank says the hybrid work option will be introduced on a country by country basis. american express is taking a similar approach allowing most employees to work-from-home for up to two days a week. of course, ubs and those that are more relaxed that say if you have to be in the office because of the specific type of job you

do sorry you don't get that option but anyone who can take that option apparently wants it and to spend sometime at home, remote working and maybe three days in the office, two days at home. stuart: sounds like the preferred model for a lot of people actually. little of this , little of that. good. all right, ash. let's have a big picture look at the market. that's the dow 30, about two-thirds little over half actually on the downside and the rest are on the upside, the dow is up 185. something different for you now. harry potter's iconic glasses, spectacles, hitting the auction block. they could fetch $50,000. wow we've got more hollywood history up for auction, after this. >> ♪

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stuart: why are we showing you a clip from the classic film indiana jones? well because that fedora, that hat he's wearing is up for auction at the prop store. the coo is brandon alenger, and he joins us now. let's get straight at it, brandon. how much will the fedora go for , do you think? >> well, we'll know tomorrow. the auction is tomorrow, but the estimated sale price on the indiana jones fedora is $150,000 to $250,000. stuart: you're kidding me, $150,000, at least, for that? forgive my surprise but that sounds like a very high number. who be buying something like that? >> it's really, it's film fans, people that love pop culture, movie, television, someone who grew up heavily influenced by indiana jones. we have a lot of tech buyers who are in tech as a business but were very influenced by films like indiana jones or a star wars, maybe harry potter, major

film franchises when they were kids and things resonate with them today so to have the opportunity to buy a genuine piece, indiana jones real hat from the film is a very exciting opportunity for them. stuart: it might be an investment in there too, they think it's going to go up in price. how about the spectacles, his glasses? >> the really exciting thing about those is it's the very first pair of harry harry potter glasses that have been released directly from the warner brother s studio archive, it's being sold to benefit a charity called lumos, and the harry potter fans are very excited about that piece as well. stuart: okay, i go all the way back to star wars and i remember the light saber, you know, that was wielding that thing as i recall, and have you got the original, the absolutely original light saber up for auction? >> we don't have one that goes back quite that far. ours is not from that original film in 77, it's from episode 3, revenge of the stith, but it's a very nice light saber, one that actually has the blade,

which is essentially a stick that the actors were fighting with on set and i think the estimated sale price on that one is 40 to $60,000 and it's the first one that's ever come up in public auction. stuart: my gosh, you got better prices than aft. how about the james bond suit jacket? now i'm a bond fan from way back how much for that? >> yes, so that one is a nice c onnery bond piece, screen matches meaning you can match it up to exactly what you see on film estimated sale price is $20,000 to $30,000. stuart: wait a second was that used by shawn connery in that movie? >> absolutely that one definitely was and it's a great piece. stuart: okay, muppet heads, how much? >> yeah, the muppet heads it's a pair of them together, statler and waldorf, the two older gentlemen in the balcony and one of the peps" dates from the 1980s and the estimated price together is 40 to 60,000 and they are the

first muppets we've ever had in auction. stuart: last one a mask from the jim carey film on the screen right now. don't tell me that goes for thousands of bucks. >> yeah that's thousands also, a little bit more conservative i think at 10 to 15,000 is the estimate on the mask, although there are two of them, made for two different purposes in the film, so if you miss one you'll get a second shot in the auction on another. stuart: now, i take it this is an online auction, but it's ongoing now, is that correct? >> it actually starts tomorrow on tuesday, at 9:00 a.m. pacific it is online, we also do bid bid ding via telephone and there's a live auctioneer that there's a live element to it and live auctioneer in house here, he's selling in a realtime environment and everyone can follow the live stream from home stuart: fascinating. brandon, thank you very much indeed for joining us this morning. it's a whole new area of collectibles to me and i'm intrigued. thanks for being with us. speaking of hollywood, we're finally going back to the movies , yes we are. which movie won the box office

this weekend, ashley? ashley: well, it's fast and it's furious, but most impressively, f-9 the fast saga opened this weekend to the biggest box office numbers since the pandemic began. here is a little taste. >> we've taken our planes, trains, tanks, i'm not going to think about the submarines. we're up against this. >> that's another level: ashley: that's in london i told you it was fast and furious, the ninth film from the action franchise starring vin diesel and many others with an estimated $17 million in its north america opening this weekend and not only exceed ed expectations, it is the largest debut at the box office since 2019 star wars, the rise of skywalker. movie theaters hope the buzz around f-9 leads to more foot traffic for the 4th of july holiday a weekend historically

known for movie going especially when it's really hot and you can enjoy that air conditioning. stuart: yeah on that note, ash, look at this. this is the stock price at amc. that theatre chain hosted 2 million people between thursday and sunday. i think that's just in the united states, so the movies are coming back and amc stock, you can think of it as a meme stock, now is being judged on its fundamentals because we're back to the movies. snapchat, let me put that up for you a new update causing the app to crash and snapchat is working on it the stock is down 1.5%. all right here we have the trivia question to start the week. i didn't know the answer to this what is the tiny plastic piece at the end of a shoe lace called i didn't know, do you, without googling it? we'll be back.

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stuart: let's see if ashley knows the answer to this one. the question is, what is the teen any plastic piece at the ebbed of a shoelace called. ashley, do you know? ashley: i have no clue. i call it the tiny plastic piece at the end of a shoelace. stuart: you're a smart guy. the answer is an agulet. that is absolutely foreign to me. the little plastic bit on the end there. by the way harvey kennedy invented the agulet in 1890, to protect the end of the shoelace.

to protect the end of the shoelace. aglet. aglet. ashley: i know. stuart: i would call that something of a split market. my time is up. it is almost 12 noon. but jackie dedo is in with us today in for neil cavuto. jackie, it is yours. jackie: thank you, stuart, i'm jackie deangelis in for neil today. investors wait a crucial week jam packed with key economic numbers. our experts will tell you what you should be watching for. plus crypto crooks beware, the justice department ramping up to crack down on digital currency