maria: yup, and yet, this is a swiss hotel, and it is the zero star hotel. it is existing, really. guys, its been great being with you this morning, sarah westwood , nancy tengler, great to see you, thanks so much for joining us. >> thank you. >> thanks, maria. maria: all right the dow industrials up 187, market opens in 30 minutes time, looks like we're having a positive open, "varney" & company begins right now see you next week, everybody thanks for joining us, stuart take it away. stuart: good morning, maria, good morning, everyone. i think we should call this a fox business alert. chaos developing again at the airports. it's only 9:00 eastern and already, thousands of people have had their flights canceled, many more thousands have had them delayed. the faa runs the air travel business part of the transportation department run by pete buttigieg. what is he going to do about this summer travel nightmare? we're following this all through the show. to the markets. a modest stock rally this morning. could it be a winning week?

could we be forming a bottom for the stock market? well look at this. the dow is going to be up about 190 points at the open. the s&p up about 27, 92 points up for the nasdaq. its been a solid week thus far. interest rates staying low. the yield on the 10 year treasury actually moving up to 3.10% but that's still lower than its been over the past two weeks. bitcoin holding or trying to hold 21,000 successfully thus far, 21, 200 is your price but gas, well that continues its very slow decline. regular average is 4.92 that's down $0.01. in california the average price for regular is 6.34. now to diesel. holding steady at $5.80 per gallon. the president demands that gas station owners and oil companies cut their prices, but he skipped a meeting with oil company executives even though they come with a 10 point plan to get prices down. instead, the president went to a

meeting of wind industry executives. now look at this. that's a queue card given to the president outlining his every move at the meeting. you enter and say hello. you take your seat. you know it's kind of worrying when the president of the united states needs instructions on where to sit. we'll get into that too. two big developments on guns. a ruling by the supreme court will make it harder for states to restrict guns outside the home. this ruling expands our right to be armed in public. going the other way. the senate passed a bill expanding some restrictions on gun ownership. 15 republicans voted for it. the debate goes to the house this morning, passage will be more difficult there. and boris johnson, man, is he in deep trouble. britain's prime minister lost two supposedly safe seats in parliament and the chairman of his party resigned. boris has never recovered from the boozey parties he hosted while the rest of the country was locked down tight and the p ubs were closed he may

lose his job. very different from america, where the rule-breakers like speaker pelosi or governor newsom got off scott-free. it's friday, june 24, 2022 "varney" & company is about to begin. >> hi in raleigh, north carolina and you're watching "varney" & company and so am i. watch me now ♪ stuart: yeah, a little upbeat music as you look at raleigh, north carolina. this is the contours, i'm not sure i've ever heard of them but nonetheless it's upbeat music. lauren: epic song from the movie "dirty dancing." stuart: really? lauren: yes. stuart: well i've seen that movie but i just don't remember the song or the contours but now i've been educated, thank you, ladies and gentlemen. seven executives from big oil companies met with energy

secretary granholm yesterday, and the meeting took place at the department of energy. president biden skipped that meeting. instead, he chose a meeting about offshore wind facilities. my colleague will cain is here with me this morning. the president says he's doing everything to lower prices, so why did he skip a meeting with the oil company executives who had a way of getting prices down >> will: everything means hectoring the oil companies but not actually attempting work with the oil companies apparently. you know, look. there is such thing, stuart, we're seeing implications of such a thing as soft negotiations, soft policies. if you talk to any oil industry executive or i've been in the field talking to explorers, they understand the tone, the tenor and the attitude of the white house towards their industry. there's a lack of investment because of a belief, even the words of the white house that we intend to put you out of business at some point. now you have another soft negotiation, where joe biden makes a choice. he makes a choice. am i going to the oil meeting or

am i going to go to the wind meeting? he chooses to go to the wind meeting and by the way, producer s, lobby groups say we don't have a problem right now with the energy department. we have a problem with the white house. we need to hear from the white house. stuart: right. what troubles me is that next month, the president goes to saudi arabia, to beg for saudi oil. but he won't meet with oil executives in washington d.c. what a contradiction that is. >> will: makes sense. we'll go ahead and import venezuela and saudi arabia oil while discouraging american oil & gas? explain that. stuart: i can't. stay there, please. i know you're with me for sometime. bottom of the block we'll bring you back on guns . check futures , please, i see green, dow up 200, nasdaq up 100. david bahnsen with us for the hour. do you think it's possible that a bottom is forming in this market? >> oh, it's definitely possible , but if this does prove to have been the bottom it will be because bond yields topped. i mean, you'll remember last week when the fed raised rates the 10 year hit 350.

its come down almost to three. the two-year got 340. its come down to three. so if that's the case then it allows a valuation basis to say there's a bottom but here is the thing. it didn't really ever have a total panic blowout. what we call put-call ratio and vix and other things that are more technical that show a lot of fear. they got up there, but they didn't necessarily hit levels we've seen before in a bottom. stuart: are you one of those guys who says you've gotta wait for the throw-in the-towel selling? the capitulation selling? >> i'm one of the guys who argued with you last time because i said nobody can call this bottom, because it's just one of those things that can't ever be predicted and shouldn't be tried, you know, the prediction gamestoped. i do think that's historically most often the case, that there's kind of a throw in the towel moment and contrarians make a lot of money, they buy when there's blood on the street it's not necessarily going to play out that way this time, but remember for a lot of areas, some stuff is only down 20%, some stuff is down 70-80% so we

maybe there, we'll see. stuart: david stay there please. let's move on to netflix which has gun its second round of layoffs. lauren how many people out of a job this time? lauren: another 300 across the company. so that's on top of 150 previously-announced so 450 folks at netflix are out of jobs why? they have to get their spending in line with slower revenue growth. they lost 200,000 subscribers in the last quarter and they say 2 million more might cancel this quarter, so executives are exploring another stream of revenue, like a cheaper ad subscription service if you have advertisements. stuart: i'm laughing because david is sitting right next to you shaking his head. what's the problem? >> you've done this a long time financial media, the game pretending it's going to be bad and then it's not as bad and the stock runs up. they're not going to lose 2 million subscriber this quarter but it is bad they are in a secular decline but i love this obvious overstated of what they believe it's going to

be to try to prime it up. stuart: setting it up. >> the expectation. stuart: very interesting, you don't agree lauren? lauren: they are going to lose subscribers maybe not 2 million but there's one thing they cannot cut in all of this and that's their content spend because they have so much competition. that's at $20 billion for this year and a lot of money and they really can't touch that stuart: got it. lauren: they need the content. stuart: netflix was once $700 a share now it's barely 200? lauren: 180. stuart: let's get to the supreme court, which overturned new york states restricted concealed carry rules. will cain is still with us here. i know a lot of people who say this is just going to put more guns out there, on the street and they don't like it. what says will cain? >> will: more legal law abiding guns out on the street. isn't the concern who people shouldn't have guns with guns in their hands? those that will do ill with the gun are getting the guns anyway. you know, this new york state law in my estimation was absolutely unconstitutional that

forced the new yorker to prove their need, to have a concealed carry. you shouldn't have to prove your need to a vail yourself of a right that other states by the way, my home state of texas, is very easy to acquire. you do not have an epidemic of law-abiding people committing crimes with guns. it's actually the opposite so this law should not impact the number of crimes on the streets due to guns. stuart: now the senate passed a bill yesterday, modest gun reform. today goes to the house where it's probably going to face a very difficult future, what say you on that? >> will: my biggest concern about this law and to be upfront with you and the audience i'm about as pro-gun as one could possibly be but i'm willing to consider in the interest of being epidemic minded and finding solutions to our issues i'm willing to consider. my biggest concern about this particular bill is red flag laws. red flag laws, we all want to keep guns out of the hands of bad people are extremely vague, put a ton of power into family members hands into a psychiatrist hands, how do you get red flagged? what is enough to get you red flagged? what type of, do we trust the

justice department and the court system to flag people appropriately? these are questions that we're getting into the realm a little bit, stuart, of the concept of pre-crime. who is of the wrong mental state that is liable to commit a crime that's dangerous power to put in the hands of the government. stuart: definitely with you on that one. will cain, thanks for being with us much appreciated. >> will: thank you. stuart: the ceo of citadel, no definitive article in front, the ceo of citadel, which is a giant hedge fund and his name is ken griffin, he's moving his headquarters out of chicago and going to miami. what's the problem with chicago? lauren: crime. crime. ken griffin did not say that in the memo that he sent to his staff, but he's previously said look, i've seen colleagues of mine mugged at gunpoint, stabbed on their way to work, and we can't find talent as much as we'd like to in chicago because people are moving out. what he did say in the memo was that this is what employees were asking for. they want to relocate out of chicago, to miami.

so they are. let me put this in perspective for you. griffin is the richest man in the state of illinois. he's worth $25 billion. he spends a lot of that in the community. violent crime there is up 34% from last year's record high. boeing and caterpillar have also moved out. this sends a message to governor pitz core. i'm not sure if he's hearing it but the message has been sent. stuart: let's have a look at futures. we are 19 minutes away from the market opening and we are going to be in the green up 200 for the dow, 105 for the nasdaq. here's what's coming up. is this the new face of the democrat party? roll it. >> i love this damn state. i don't know why that doesn't get more attention because i care about working folks. that's a fact. when the cameras aren't there, i'm out there cleaning the damn streets. stuart: well a little aggressive right there? gavin newsom, is he positioning himself for 2024 run? inquiring minds want to know. the wheels are coming off,

literally. oh, less than two months after toyota's big electric vehicle rollout, it's recalling its ev's because yeah, the wheels could fall off. believe me we'll get into that. ♪

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stuart: the average price for a gallon of regular in california is $6.34 the highest in the country. now los angeles wants to prohibit the construction of any new gas stations in the city. kelly o'grady, why are they doing this , kelly?

reporter: well, this is all about electrification, stuart. just another green push in a long line of green policies. la is seizing out oil drilling and now looking to ban new gas stations. it won't be the first city in the country to do so but if the proposal passes it'll be the first big city to do so. as the state looks to meet its aggressive climate goals this is all about trying to phase out the way drivers fuel their gas vehicles. if you can't build new ones and stations continue to close, that nudges drivers towards ev options even if there's no viable economy option on the market. now one of the organizing groups also asserting stations themselves pose a climate threat telling fox business, "gas stations pose numerous health, environmental, equity and financial risks to communities. the risk can no longer be justified." now will this hurt los angeles a ton? no there are many gas stations in this driving-centric city, however the big question is about equity. what happens when a station is down in a low income area. charging availability in those

areas snot there yet nor is the price of an ev feasible. transportation experts argue this measure could threaten those who could least afford it. all this is happening when california has the highest gas prices in the nation, they could get higher due to taxes as the president calls for a gas tax holiday california plans to raise the gas tax july 1 doubling down on its push against fossil fuels. now the state excise tax is set to increase by 5.6% totaling 53.9 cents on top of federal tax and a number of other fees so stuart, as drivers gear up for this looming holiday weekend the outlook is pretty grim. higher prices, more taxes, and potentially more green mandates with little past execution. stuart: grim indeed, kelly, grim indeed, thanks. now the national average for a gallon of regular nationwide 4.92. that is $0.09 off its record high. stephen shork with me now. have gas prices hit their peak, obvious question. >> no, not necessarily, stuart. yes, we've had a minor pullback because the crude oil market is

now in a correction phase. keeping in mind our modeling as we've been stating for the better part of this year is the upper quartiles, with crude oil prices between 100 and $125 a barrel. we now tested that $100-barrel price a couple of days ago. we rebounded since then. markets pulled back because recession fears now have taken hold in the market. we're looking at a strong dollar which is actually bearish for all commodities but that said, we're not even in the peak demand season yet, stuart. that said, demand has been impressively strong especially given that americans are running out of money, so when we look at the year-on-year and seasonally adjust our demand figures gasoline demand has been very strong, even at these high prices, and it will only get stronger over the next two months. so, as demand continues to increase in supply remains constrained, we certainly have the seeds for even higher prices so no, we have not necessarily seen the highs for this summer

yet, stuart. stuart: okay now that's gasoline that was talking about gasoline. what about crude oil has that peaked because it was close to 130 bucks a barrel. >> yeah, and that was on, testing the upper quartile of our modeling, which would suggest to me, that the price market was overpriced, a couple of days ago we got down to $101 a barrel which was the lower end of our quartile, so no. i think that we are now in this range. we are in a comfortable range now, comfortable being a relative term, with oil trading in between that 100 and $125 range. if you are an oil bull, president biden is the best gift you have ever received, because every time that man opens his mouth, it just gives you another reason to own oil, so we are not seeing sort of long term solutions coming out of this white house to address the imbalance, structural imbalance between supply and demand. all we are getting are gimmicks.

they aren't working, so what are we doing? we're stepping up the rhetoric, now the president has resorted to mocking executives from the oil industry so there are no solutions, and therefore, there are no reasons to believe oil prices will move significantly lower from here. stuart: all right, stephen you got it thanks very much for joining us mr. schork, see you again soon. >> excellent. stuart: i want to get to the story from toyota. they've announced a mass recall of their first electric suv, because the wheels could fall off. i kid you not that's what they are talking about. that's about the worst pr i've ever heard. lauren: stop driving your car because the wheels could fall off. that's exactly what toyota said. stuart: did they say that? lauren: yeah a bolt could loosen it's a structural defect. you say it's a bad image and here is why. toyota is known for popular hybrids. this was a fully electric mass- produced car. so the first for them, it was just put on the market about two months ago called the bz 4x. an suv, 2,700 were recalled mostly in europe but about 270

here, and toyota says don't drive them, because the wheels could fall off, while we investigate. a black eye on their pivot to being fully electric. stuart: they should have never used that expression, the wheels could fall off. it's a structural problem with somewhere or other that was the problem but you say if the wheels could fall off, you're dead. lauren: it's honest. stuart: don't you think? lauren: well, okay, yes, we're really looking at that. stuart: that pr department should be fired. i mean, really! anyway, i've got to move on. lauren: checking to make sure that was the exact language before we get in trouble. stuart: yeah, right. lauren: let's not put the words in their mouth. i don't have it in front of me. stuart: president biden reluctant to mention the big ev maker in the world, that's tesla , the new report says the white house repeatedly asked the company for advice. lauren: yeah it's a reuters report. they got e-mails sent on day one

, january 2021 from the white house to not elon musk, but tesla's lobbyists, asking for policy advice on expanding renewable fuel type credits to more types of companies like electric vehicle makers and charging companies, so they are expanding the scope. i think the bottom line is the president has refused to have this photo op with elon musk and say you are the face, your brand is the face of electric vehicles. we'd rather go at the legacy auto maker which has unions, but we'll try to get advice from you on how to go forward because we know you kind of own this space. stuart: exactly. unions are the problem for the president. all right, check futures again, please we've gone up a little bit. now we're looking at a 230 point gain for the dow at the opening bell and 109 for the nasdaq we'll take it, and we'll take you to wall street, next. ♪

welcome to your world. your why. what drives you? what do you want to leave behind? that's your why. it's your purpose, and we will work with you every step of the way to achieve it. stuart: all right, we're back with the markets. microsoft citi likes microsoft as i understand it. what are they saying, lauren? lauren: they do, they added them as a top pick, i was looking through the notes. they said the derisking in the entire software sector that

microsoft is in is mostly done valuations have largely stabilized, and they benefit from i.t. budgets being mostly resilient. stuart: one more time we have david sitting right next to you whose shaking his head about this particular, first it was netflix now it's microsoft. >> i was barely shaking my head it was a vested el shake. the valuation is stabilized, all of four days, and it's a 28.5 types earnings. now, by the way it's a lot cheaper than it was but we don't generally think of near 30 times earnings as a stabilized pe. microsoft is a cash cow. they do generate tons of free cash flow but that's still pretty expensive. we'll see. stuart: you guys don't touch those stocks do you? >> well i would touch microsoft if they kept paying a beginner us dividend but it got below 1% so we owned it when it started paying a dividend and then sold it and they haven't kept up with what they need to grow their dividend. lauren: you might not be invited back on the show. stuart: don't say anything about

that. all right, one more for you. i think apple looks like it has hit a bottom. bottomed out in the 130s, what does david say to that? >> here is what i'd say. apple's issue is a lot of people do come buy it when they sell other things. they give up on facebook and netflix both down 50, 60, 70% and apple is only down 25 or 30 % but apple still traded 16, 18 times earnings. most of the decade and it got up to 30 times. it's still expensive, but they obviously have a real monopolistic power in the market , so apple i would buy before microsoft, i hope that is okay. stuart: i just don't think that the shine has come off those brilliant companies, like apple, like microsoft, like amazon, like google. >> well it has come of amazon. not only is it down over 50% the multiples way down, but the earnings are down. the difference is amazon is a very thin margin company. apple has big margins, and so

they are a little bit more viable than the other faang names. lauren: there's been some talk that cryptocurrencies, specifically bitcoin, might need to bottom completely in order for equities to bottom. would you agree with that? >> i would not. i think it's totally separate marketplace. i think bitcoin is limited. >> [opening bell ringing] >> it's a totally different area. stuart: okay the opening bell, well i think that's the bell ringing it is now 9:30 eastern time and the market is open. i presume it's going to go up futures are predicting a 200 point gain and i think that's what we've got, yes. most of the dow 30 are in the green, salesforce, the number one, and waiting for jpmorgan chase they're down a fraction but the dow is up 250 points and that's .8%. the s&p 500 also on the upside to the tune of .93% and the nasdaq composite on the upside, better than 1%, green across-the-board. big tech green across-the-board except for amazon, which is down just a fraction but it's down

this morning. amazon as we pointed out to you right there. mark mahaney follows amazon, he's on the show this morning. you have lowered your price target for amazon from what to what? can you tell us real fast? >> oh, yes, we went from 205 to 180. we just ran m some survey work, it's our tenth annual survey. one of the danger points we found is 58% of consumers plan to spend lesson retail in the next 12 months than the prior 12 months. it's one of the first recession indicators we've had at least amongst consumers, amazon is fully exposed we brought down our estimates between 8% and 10% stuart: i'm sorry i missed it what's your new target? >> 180. so it's about 70% upside from where we are today. stuart: by when? >> 12 months. we always look at these with 12 month outlook. amazon is one of the most exposed companies in big tech with 1.6 million customers, all that exposure to jet fuel,

trucking fuel, shipping costs, et cetera, so we've had the inflation hit to amazon's p&l earlier this year. now, what we're concerned with is the demand hit, as consumers cut back on discretionary spend, we think most of big tech would face pressures like that. amazon certainly is given all that retail consumer discretionary spend they are involved with. stuart: all right, mark, thanks for jumping in on amazon we appreciate it. moving on to twitter where are they think morning? i want to know are they going to give elon musk more data on user s, the stock is up what's the story? lauren: it seems like they are. business insider is reporting that twitter is bending over backwards and i'm quoting the report, to give musk access to the data that he wants. realtime data, how many accounts are bogus, are spam or bot accounts? dan ives on the show on tuesday. he said this deal goes through, didn't he say the range was between 41 and $45? so twitter is not selling in his view at 54. how much lower will it sell for if at all?

stuart: you've got 20 seconds to explain why you're shaking your head? >> it's true, it's not selling at 54 and that's what all this is about is he's in a very iron clad deal. he with just try to muscle to get a better price because 54 was a different universe. lauren: what price? >> i think something in the low 40s is much more realistic and the market is sort of telling you that. these merger arbitrage guys are smart and when they price it this low the stock is not at 39 if that company is selling at $ 54 it will not happen. stuart: quick look at the bottom right hand corner of the screen the dow is now up 344 points a very solid gain right from the get-go. fedex is up this morning, look at that. lauren: whoa. stuart: it was a pretty solid report. what was the outlook? lauren: they raised their outlook but not because they are shipping more packages. they're not. volumes are down. we're just not ordering online at the rapid pace we did during the pandemic. they are able to charge more and ship less. you look at diesel prices that's fedex fuel. up 40% since the end of february

how did they respond to that? they raised fuel charges not once, not twice, but multiple times, so that helps their bottom line and they could produce a good report card even with challenges. stuart: it's a 7% gain for fedex how about car max? i know they reported before the bell. i see the stock up a tiny fraction. lauren: sold 5.5% fewer vehicles that's a slowing economy, obviously, able to boost their revenue because used cars are more expensive, as anybody knows just to give you numbers revenue grew in the quarter by 20% to $9.3 billion. stuart: carmax i see , i'm sorry what's that? lauren: lending tree. stuart: online mortgage. why are they down 7%? lauren: they lowered their guidance seeing a drop in mortgage activity. that's recession fears, higher rates, impacting people and demand. so they cut their revenue guidance for the current quarter & companies cite macro headwinds so they used words but also

these, rapid increases in interest rates, rampant consumer price inflation, that's the state of the economy for a lot of america, and our big companies, and adjectives like that, well they don't make you feel so good. stuart: macro headwinds, you don't use expressions like that. do you, david? >> i do not and i also don't buy companies like lending tree. stuart: [laughter] okay they don't pay a dividend. >> well they don't and they barely make any free cash flow at all just really thin margin business, it's in a lot of trouble. stuart: don't touch it with a 1. now look at smith and wesson, obviously the gun people, fourth quarter revenue down 44% the stock is down 1%. lauren: they were up 9.6% yesterday. okay, so the stock is down because their quarterly revenue fell, because demand fell, but you have a lot of rulings on gun s happening in the past day. i mean, two different rulings in one day. the supreme court had struck down new york states limits on carry laws outside the home so that's why the stock went up but then last night the senate got

15 republicans to sign on to a gun safety bill. the house rules committee already started working on it, so you have a rare day in washington which was yesterday with two different rulings on gun rights and the stock, i think it's just doesn't know what to expect. stuart: no it's dead flat. stock goes up, unfavorable ruling in the senate. lauren: in the house actually. stuart: it's down to dead flat neutral down 1%. now, david, i like to get to this segment especially because you're our dividend guy. you like stocks that pay dividend a rising dividend. you start out with cardinal health. >> we just added this position this week, and i really like the name we've been watching it a long time because they are a great dividend grower. they have grown the dividend about 15% per year for 20 years but their dividend growth slowed down the last couple years, they had some litigation around opioid and other lawsuits but their distributor both brand and generic pharmaceuticals.

they distribute medical supplies , and their stock came down but they are really profitable and pay a great dividend and you could buy it now at a 4% yield. stuart: buy it now at 53 and get 4%? >> that's correct. stuart: not bad. the next one is midstream energy pipelines right? >> that's right, i've talked to you about it before and only reason i'm bringing it backup is in the last two weeks its come down like 15% and not related to oil prices, this is just simply i think it was up so much, energy has done so well, everything else is getting beat up and people kind of had to sell-off energy, sentiment changed a little and i love that this has got about a 6% dividend yield, and i believe is a huge story for 10 years to come, exporting liquefied natural gas, transporting oil & gas in our country. i don't care if it's republican or democrat president, we need pipelines, and this is a play that has gotten cheaper in the last two weeks. stuart: umi. thank you, david, dow industrial

s after what seven and a half minutes worth of business they are up 288 points, very close to 31,000 again. the dow winners headed by, show me, please? headed by salesforce.com. disney is up there. disney was down in the low 90s how about that? it was over 200 at once. boeing is there, microsoft is there, s&p 500 winners fedex right out front, the cruise lines, royal caribbean and norwegian cruise line are in, that's amazing to me, okta, zoom , ross stores, paypal all on the nasdaq list. why isn't microsoft up there, david? come on you talking them down. >> is it my fault because i talked it down? they took it off the list? stuart: yes. you may or may not come back. >> we have a lot of influence on the market. stuart: obviously. coming up, it's not looking good for president biden. i'm not talking about his low poll numbers. look at this. he had a cheat sheet, telling him when to take his seat and

all kinds of stuff. that's got me worried. more on that at the top of the hour. the fda orders juul e-cigarettes off the market. i thought vaping helped people quit smoking. dr. marty makary comments on that. the white house knows where to put the blame for high gas prices. roll it. >> we know where to put the blame on the war, but oil companies, they have oil refineries, they have responsibility too. what they have been doing is taking advantage of the war. stuart: oh, my next guest owns an oil refinery and some 400 gas stations. is he taking advantage of the war? i'll ask after this. ♪

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♪ stuart: oh, thought we would give you a shot from west red ding, pennsylvania, nice weather there and we're playing prince for you, right there it's going to be 84 degrees that is a beautiful day, and wherever that is. okay, president biden calling on gas station owners to lower their prices. roll tape. >> bring down the price you are charging at the pump to reflect the cost you are paying for the product. do it now. do it today. your customers, the american people, they need relief now. stuart: all right john catsmatid es is here and owns 400 gas stations. john welcome back to the program good to see you. >> thank you, stuart. stuart: would you like to respond to that? >> well basically, if there's 100,000 stations in the country, probably 99, 500 are honest people. there's always some dishonesty around, but traditionally, the

gas stations make a certain margin. they have to pay their payroll. they have to pay their rent. they have to pay their electric bill, and it's the same margin that we've been making forever, and it's no different. hey, sometimes it's 2 cents less , sometimes it's 2 cents more but this is ridiculous to put it on us. we're not the ones that created the problem. stuart: let me ask you this , john, if you were to just lower prices today, do it now, if you did that, what would happen to your gas stations? >> i'd put my 5,000 employees that run those gas stations in jeopardy, and i'm not going to do that. stuart: okay, now urls a refiner , you run a refinery operation. >> run a refinery operation and we're not going to have shortages. there are going to be shortages elsewhere. we're not going to have shortages because we have our own pipelines and go into canada , and we're on the canadian pipeline system, so we're going to have zero shortages, and this is part of the overall problem in our

country that america, and say canada and alaska, we have 100 years that we talked about before, open up the spigots. if we opened up the spigots and flooded the market with oil, crude oil, american crude oil, we'd bring the price of oil back to $65 and then what happens? inflation goes away. stuart: but can you do that? you say open the spigots. sure, it's not that easy, just to open the spigots and a gush of oil comes out. >> markets are markets. what happens when you say that we're going to do it? what happens, the reaction to markets you've been around for a long time, stuart. it's going to react and it's going to start heading south. as it heads south, then the price of gasoline goes down, the inflation goes down, and the alternative and you know, all our friends that are economists, we have mutual friends. i'm the businessman, i'm in the

streets, i know what's going on. the economists and jay powell say oh, lets raise interest rates. you know what happens? we're going to wipe out the real estate market. how many of your friends are going to buy homes at 6% interest for 30-year mortgage. stuart: point taken we are in a mess. thanks for being with us this morning appreciate your point of view. bill gates, he's in the news, again. he bought thousands of acres of farmland in north dakota, the residents apparently are angry. why are they angry? lauren: it seems they don't want to be exploited by the ultra- rich who might not share their values. so this is the news. late last year bill gates bought 21-acres of north dakota farm land, through a trust, $13.5 million. now, the north dakota state attorney general wants to know why, what do you want to do with the land? were state corporate farming laws violated in the purchase? we don't know why but bill gates has like 300,000-acres across the country and in the past, he says, he wants to advance seed

and biofuel developments, so this is probably speculating here, his ambitions to feed the world. stuart: yeah, but, it worries me when the state attorney general questions why do you want to buy that? >> do their values include a regard for private property? stuart: exactly. >> to me this is just really un becoming. this is not what we are as conservatives believe in because we don't like someone left wing that we want to grill what they are doing with their own money and property. if they end up breaking a law or violating zoning you deal with it but this interrogation is totally inappropriate. stuart: i'm with you on that one david thanks very much. here is what we have coming up on the show. look at this headline, please. liz peek thinks president biden has a thing or two or five to learn from jimmy carter. she's on the show. brace for turbulence. even before you step on the plane, airline cancellations and delays maybe the new normal. lydia hu has our report from newark airport, after this. i believe it's time for me to

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stuart: it is a nightmare at the airports, and it's becoming the

norm. u.s. airlines delayed or canceled more than 35,000 flights over father's day weekend. lydia hu is at newark airport in new jersey. lydia, i fly out of that airport all the time. what are the airlines doing to address the problem? reporter: hi there, stuart. airlines are doing everything they can to keep the workers that they have and find and hire new ones. we're actually getting some breaking news in right now about united airlines. the union there for united just reached a tentative deal with the airline to give their pilots a 14% raise over the next 18 months. it's a pretty big deal. one of the first deals to have been reached since the start of the pandemic. we're reaching out to the airline and the union to get more information for you and we'll bring that to you but it really illustrates what the airline is doing to keep the pilots that they have because they need so many. they're also looking for agents and baggage handlers offering 15 bucks an hour and stuart offer ing a signing bonus of

$10,000. just in the past week, nearly 8,000 flights, traveling into, leaving, or traveling within the united states have been canceled. that's about 168% increase over the same week last year, and stuart, nearly one in four flights across the country were delayed in the past week. now, while a lot of air carriers are blaming the backlog in flights on rising demand or weather and air traffic control issues some pilots accuse airlines of overscheduling flights. >> as pilots we are beyond exhausted. they are trying to get us to fly to the maximums that the faa has the bad news is it means a flight cancels. when you schedule the airline to the max, you're going to have failures. reporter: now, here at newark, stuart, i know you fly in and out of this airport quite often. it's really not a positive- looking picture here today. newark international airport,

they already have 7% of their flights canceled for today. we are tracking more than 470 flights canceled across the country and as we've been reporting throughout the morning we are seeing that number climbing so we'll stay on top of it. stuart: well, lidia, two of my daughters were at that airport at 6:00 this morning for a flight and that flight was canceled so i think they are still there probably trying to get your attention behind you. thank you very much indeed. >> i'll go find them. stuart: david, you fly an awful lot. what's your experience lately? >> yeah, you know i just flew last night as a matter of fact and i fly pretty much every single week and i have all through covid as well and i would say that i'm noticing delays more than cancellations the 4% cancellations didn't seem that high to me but those delays that's obviously problematic. the biggest thing i'd point out is all the restrictions during covid they created this hostility between the flight crews and the passengers, some airlines handled better than others but

it wasn't like a friendly experience and i wonder how much that's weighing on things. now the mask mandates gone and most people are not wearing mask s now on planes and that's great, but i do think just it needs to be more positive experience and they got to bring that back. stuart: people are mad as hell at the moment that's a fact. david thanks for being with us appreciate it have a good flight back to california. >> thank you. stuart: still ahead florida congressman mike waltz, brian kilmeade, tammy bruce and theologian jonathan morris. the 10:00 hour is next. ♪

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♪♪ we will ♪♪ we will rock you ♪♪ we will ♪♪ be barack you ♪♪ stuart: i like queen, it is going to be a real nice day here. good morning, everyone. 10:00 eastern, straight to the money, this is a rally. the dow is up 468 points, the nasdaq is up 245 better than

2%. %. the 10 year treasury yield coming down 3.08%. good news for tech stocks. where is bitcoin? last time we checked it was holding at 20 one thousand. that's where it is now. abounds up for bitcoin at the end of the week. we just got the read of an important indicator, consumer confidence. earlier this week confidence hit a real low. what the new number? lauren: another new all time low, 50.0, the lowest we have ever seen and it was at an all-time low. stuart: when that happens it sometimes forecasts a recession, certainly a slowing of the economy. lauren: that's the number they looked at, inflation expectations from consumers when they decided to handle it and be overly aggressive.

stuart: we have another key indicator of new home sales. existing home sales came down for the first time in a long time. new-home sales. lauren: surprise rise of 10. 7% in the month of may 2nd an annual rate of 693,000. april's number was also revised higher and i want to tell you about the price. it went down a little bit. median price 40 one thousand dollars for a new home in the month of may. stuart: that is a new home. half more, half less and that is new homes in may. lauren: existing homes went through 41,000 remember we reported that earlier in the week? stuart: some expert commentary on this, the man himself, kenny polcari. the market took a nice leg up on the lack of consumer confidence.

are we near to forming a bottom on this market? >> it feels like it. i had 3800 and down to 36, we tested that a couple times. it feels like that seems to be where the market wants to settle in, taking this relevant data, taking data as a sign that the fed doesn't have to be as aggressive but they are succeeding and rate hikes are not off the table and no longer on the table. adding to these, we were relatively short-term oversold, we had massive down days the last couple weeks, so it was a bounce. i am also feeling like it might actually be trying to build to. . stuart: tell us. are you piling in or dabbling your feet in the water?

>> i stick to the plan. the plan is a long-term investment putting money to work. piling, no. am i continuing to put money to work in sectors that will benefit? yes and financials for sure. look what happened with the bank. expect massive stories about how banks will start raising rates, they are past the stress test and the fed said they are all able to handle severe economic downturns. we can only hope that is the case. stuart: we can only hope. thanks very much. have a great weekend, see you soon. it is a rally on wall street. now this, the president attended a wind industry summit. he had a cue card with him. it was are markable precise. his handlers outlined his every move telling him exactly exactly what to do for example, you enter the room and say hello, you take your seat, you

ask the president of the afl-cio a question. you think the participants, you depart. i don't want to make a mountain out of a mole hill but you worry when the president of the united states can't get through a brief meeting with out detailed instructions. his handlers protect him from himself. this is bound to raise the question again, is president biden up to the job? an article in the atlantic came out with it, the president is too old. countless gaffes and policy stumble suggest he can't focus. when he walked back is comments you have to ask who was exercising presidential power. the president insists he will run again in 2024? that chi-chi does one more reason for democrats to reconsider their support for second term. tammy bruce is a harsh prick of the president if ever i knew one. >> i'm like every american, i wish i didn't have to be. we want to know the future and

raise our family, and be left alone. this president has made every day dangerous. >> he can't run for reelection. >> he can't but it is not age. you can be in your 70s and operating and be functional and powerful, you can be a donald trump and be just fine. you can be nancy pelosi who i disagree with vigorously. she's in her 80s so this is about president biden's condition and the list that you showed was like if you were programming a robot that was empty, that didn't know you sit down when you enter a room, that you walk out of the room and if you don't know the very basics of how to function how is it you are talking about the issues you are trying to persuade people, he doesn't,

that is going to get worse. i think that is clear. the people running the country making those notes don't know what they are doing, they have not been elected. at this point even though we have a general idea who he is, chief of staff susan rice, ron klain, various people who think they are masters of the universe they don't want to lose that because they will not be masters of the universe if president biden does not run again. stuart: there is a vested interest in the people pulling the strings now keeping the guy in place. >> having it be this way it his policy is almost like being in a virtual reality, we don't really exist when they make these decisions about gas and everything else. he skipped a meeting with oil executives to attend to drop by the wind meeting. that tells you he's not serious about changing any of this.

and this is about long-term transition area policies they are committed to? it will continue to destroy lives, they don't care, that's the disturbing aspect. all of this can change. it must be an undeniable signal. stuart: i hope i never cross you. >> i don't think you will. none of us want to -- i would rather be doing happy talk and being on a cooking show but we can't, we have a country to save and businesses to save, individual lives matter who they aren't no matter what their politics. everybody knows democrats, independents and republicans this is a huge mistake with biden and it has to be corrected. stuart: saving america one show at a time. listen to this. a new poll shows a shockingly low number of people in new hampshire want president biden

to run again. what's the shockingly low number? lauren: 9% university of new hampshire polling says 9% of people, of voters in that state want the president to seek reelection. this time last year it was 17%. it was cut in half. look at his favorability rating, 26%. stuart: that is in new hampshire, 26% approval. lauren: wait for this. kamala harris, 23%. she is even worse. i found this notable. this find biden beating trump in a hypothetical matchup 50-43 but watch this. biden versus desantis, desantis wins 47-46. the first primary in the presidential, that is why we are talking about this. stuart: that is fascinating. thanks. another one for you. the fed put the big banks to the stress test.

they all came out okay. lauren: morgan stanley up 5%, they can greenlight those dividends. a clean bill of health for 34 banks, stress tested very timely because everybody is worried about recession. can the banks and one? do they have enough capital to continue lending through the canonic downturn. unemployment at 10%, prices down 28%, stocks down 55%. and dividends, it will likely happen monday. it is in the green? stuart: they are all up sharply. you are looking at movers of the day. one of them is blackberry, not a big stock these days. lauren: it was up more when we selected it. revenue stronger why, they are

selling a lot, and for cybersecurity, and dr horton? >> that surprisingly long new home sales in may, builders are breathing a sigh of relief. stuart: carnival is up 9%. they go up and down. they reported cash from their operations, positive cash flow in the quarter. weakening cruz demand, inflation high and all that but they delivered in the quarter. stuart: i will never invest in a cruise line or an airline. lauren: you don't want to deal with people. that is why. people change how they feel about things. stuart: you can lose your shirt so quickly. lauren: it is a forward facing business.

stuart: producers are saying move on. i will. the governor of florida speaks out on andrew gillam's fraud charges. why governor desantis is slamming the media over it. the navy is training our sailors to use proper pronouns. florida congas been mike walt's tried to ban this kind of woke education but democrats killed his bill. he is outraged. ukrainian forces may soon give up a key battleground where russian troops made gains. ukraine gets a new batch of rockets from the us, nate foy has the latest. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it!

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stuart: this is a blockbuster announcement.

the supreme court has voted to overturn roe v wade. this decision just came down. it is a 213 page decision. you got to read through it to find out if there are any distance, who dissented and what they said and is this ruling precisely the same as the draft that was leaked earlier. i don't know what the reaction is but i am concerned about the days of rage which are promised outside justices homes. >> it has not been a secret, we know what this group was going to do. it sounds many have argued this is like domestic terrorism, an effort to try to influence the course which is a federal crime and the department of justice has not acted on that. we had the attempted murder of brett kavanaugh. we know there are unhinged people reacting to the rhetoric from the left which has been insightful, inappropriate, it is mostly been a lie, this does

not make abortion illegal, it simply moves it to the states. the supreme court does not make law. they don't decide what is law and what is not law. as a result this means the states which as i have argued, feminists and everyone should applaud is it is closer to your vote, you have more of a chance of controlling and influence your state legislature and even organizing to influence various state legislatures. this is what the left prides itself being able to do and yet they don't do it because they have liked this tension. they liked this division. they wanted this to have days of rage, they don't want success, they don't want to work at changing the issue. complaining about the court and being upset this issue is no longer at that level tells you their intentions are not about women's health or abortion, it is about how to divide the

american people. my left-wing activism began on this issue and i consider a success because of women's power and influence as voters with the majority of voters now, power in existing political office, social issues in general with the internet. the rhetoric has moved, left-wing groups perpetuate any kind of violence and division and at is something all of us should condemn and the doj should act on arresting individuals they know are conspiring to do any kind of violence against pregnancy centers and against supreme court justices. stuart: why haven't they got an informer inside what is the organization? >> not that group, there's a secondary group. these are ad hoc groups. i remember them when i was on the left, formed underneath existing groups that don't dare

do something like this and free to make the threats, the department of justice that we are unaware of to protect the justices. just like they've done with white supremacist groups, this needs to be taken seriously. stuart: congressman mike walt's, the ruling has come down 213 pages of it. what is your news? >> to tammy bruce's point it is worth reinforcing congress has never passed federal legislation on abortion that you have a national right to it or a national ban and that is why the roe versus wade decision was so overreaching and unconstitutional, in the supreme court.

back to the states now. and it is for the state legislators, not courts. stuart: i think most important it has been taken out of the legal constitutional realm and put into the political realm which restores power to voters. voters and we the people may now express our opinion on how we want our society to be run. and that respect this is a good ruling, you too? >> that's not going to be the narrative from the left. be prepared for the scorched-earth tactic of the left, politically as we head into the midterms but also emotionally in trying to -- stuart: do you think it helps them? do you think this helps the democrats? sorry to interrupt, do you think this helps the democrats?

>> i do think it helps the democrats politically. they will use it with the narrative that this is a national ban. they want to go after suburban women. they will twist and turn this narrative but i also think they are going to overreach, almost assassinating a supreme court justice, it is just unconscionable. and where is the leaker, and the justices stood their ground, this is a corrected decision, the sciences changed, we can get that narrative that unborn babies feel pain, have heartbeats, they are lives that

deserve to be protected, not what woman has a right to do, this is about a young child that deserve a chance, this is about children's rights, as much as anything else. stuart: bringing you up to speed on what is happening here the ruling has come down from the supreme court, roe versus wade has been overturned. this is a 213 page decision. it has to be gone through in great detail to find what is in it. hillary vaughan is with us in dc. what is the latest on this? >> reporter: great to be with you. what we are getting trickling in reaction from capitol hill from lawmakers, some pleased with this decision and some not pleased with this decision but also the raw visceral reaction from a lot of people outside the supreme court, that video

right now while i go through the reaction we are hearing from capitol hill. one coming from cory bush, huge advocate for abortion rights tweeting abortion care is healthcare. it was so before this and it will remain so after this. we don't care what a far right extremist supreme court that is in a crisis of legitimacy says. or racist, sexist, classist ruling will not stop us accessing the care that we need. we got comment from senator amy klobuchar saying basically the fight continues from now until november. democrats very eager to make this a big campaign issue to energize their base headed into the midterm elections. of course you are hearing from a lot of republicans that are happy that this decision has come down. one notable one from senator tom cotton who says it was a

tragic mistake taking from the american people and their elected representatives a deeply moral question. the supreme court corrected this mistake and i highly commend the millions of americans who toiled for years to achieve this victory for unborn life and self-government. bottom line is democrats are unhappy about this. republicans are very happy about this was we are waiting to hear reaction from the white house and the president specifically to this reaction. we expect something will come today, very soon. stuart: congressman walt's and tammy bruce, thank you for the coverage of the last few minutes. we will stay on the story as it continues to develop. we will check the markets fast. the roe versus wade decision has no impact on the financial markets at all, complete separation there. that is 2%. we have a rally on wall street,

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stuart: let's start with the markets. the dow is up 600 points, the big news of the day is roe versus wade has been

overturned. theologian jonathan morris is with me now. i am happy that abortion has been taken out of the legal and constitutional realm and put it to the political realm where we thought people have a voice. >> the constitutional point of view you see on both sides of the argument, whether you are for or against, they say it was bad constitutional law. you don't see the word privacy in our constitution and that is what this law infringed upon. from a constitutional law perspective and honesty perspective intellectual honesty perspective this is very good. now it goes to the states and we have a real discussion. a moral discussion because that is what this is about. this is why christians historically, catholic church, i am catholic, have historically been so against roe versus wade.

this is a moral issue. this child in the womb deserves individual rights as any other human being, it is a moral discussion but until now we cannot been able to have a moral discussion because it was so far removed from the people, it was enshrined in the constitution supposedly when it really wasn't and i think this will open a conversation that is honest. stuart: i believe life begins at conception. what say you? >> there is no other medical line that would say no, life begins here or there, doctors certainly can't come up with a line other than conception. there is no consent at one week, now we can save his life, 12 weeks, 15 weeks, doctors haven't come up with a consensus beginning at life is the most medical and therefore if it is medical that is where we take our data from to make a moral decision. stuart: is it possible the

supreme court will move on and question and redefine other so-called rights like the right to conception, could they question that? >> to contraception? we are going to hear that politically, we will hear that from the democrats a lot. it will be a scare tactic. if they have taken away your right to abortion which the supreme court has not, just said it is going back to the states but if they can do this, what won't they take away? your right to contraception? the supreme court is not going to touch contraception. stuart: how do you know? >> there is no scientific consensus that all contraception is destruction of life. there are some parts of contraception that are but they are not sweeping a sweeping decision to take away peoples right to contraception.

with the one gave marriage, gay rights. >> totally different decision. in the constitution there is much more grounding for equal rights for everyone, whether it is based on sex or religion. stuart: let me get to politics and bring lauren into this, two extraordinary rulings on guns, expanding the right of guns to be carried and now the overturning of roe versus wade. i suspect those are two political issues which will benefit the democrats in november. lauren: i would agree with that. speaking of women's rights and abortion and gun control and safety of schools motivates many people, suburban women in particular and this is an issue democrats will take advantage

of and try to get enthusiasm behind because they don't have much else. blue on the spoiler could be if the left overreacts and there is serious violence about the roe v wade reversal and something, revenge, is it? if you get violence like that over an issue like this that could sour many democrats. lauren: the white house has done nothing about this violence. not going after the protesters, the violent ones, not at all. are they trying to find the leaker? stuart: they haven't so far. they should be getting an informer inside radical groups to say what are you doing? >> a point that is important to make today is abortion does not become ill legal on this date going forward.

it's going back to the states where we look at polls about abortion, in the united states, until today, 0 limitations on abortion up until the day of birth almost universally. right now polls say that americans are against that 80%, 80% say there should be more restrictions than there are now. science has shown us about life in the womb more than in 1972. we know more about life in the womb and we need to respect the science that we have. there should be more restrictions. that will happen at the state level. stuart: nicely wrapped up. very important day. thank you. quick check of the market still in rally mode, dow is up 570 points.

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stuart: roe v wade has been overturned. greg jarrett, our legal guy on the phone. what do you make of this from a legal point of view? >> there are several points to be made. historically this restores constitutional jurisprudence to the supreme court, the issue of abortion, the very part of 50 years the supreme court justices have struggled in decision after decision to justify the underpinnings of the original decision in 1973. even ruth bader ginsburg expressed misgivings about the legal foundation on which roe was built. there simply isn't a

constitutional right to privacy that allows for abortion so this decision which did not deviate much at all from the leaked opinion simply restores to the states their decision-making ability. it doesn't outlaw abortion nationwide. states will decide as they did before 1973. stuart: forgive me for jumping in but there is an important question here. if you overturn roe v wade and it is overturned, can other rulings in the past be overturned? for example contraception and gay marriage? >> yes, just what i was getting to. the majority is very specific and vehement that our decision today is confined to abortion only. nothing affects any other

rights such as, they name things like same-sex marriage, contraception and so forth. those, said the court, are completely inherently different rights with different foundations in the constitution. people who have complained that that is the end of all other rights that they are concerned about were mistaken. stuart: thanks for jumping on the phone so fast today, glad to have you on the show. doctor makary, do you approve of this decision? >> i do because abortion has always bothered me as a doctor. having witnessed and abortion is a medical student it doesn't seem right, not knowing the details of child developed at the time it weighed on my moral conscience. babies can feel pain at 12 weeks. as early as 18 weeks of

gestation into the pregnancy, the baby is resisting the instruments of abortion and that says something and it doesn't seem right. stuart: to me life begins at conception. how about you? >> i believe that. 58% of americans according to a pew poll this year said how they feel about abortion depends on stage of the pregnancies. americans as a majority are for or against, there's more nuance in terms of public opinion beyond the views you and i share. blue what is there a shortage of abortion providers. >> depends on the region. a shortage of providers in rural areas. every area of medicine, urban areas sometimes in abundance of profilers. we've seen abortions increased despite all the rhetoric that we would try to reduce the number of abortions in the

united states and if you look at it there has been little done to support these women, some deal with long-term psychological duress from the trauma of that abortion. stuart: would you go back in history with me for a moment. as i understood it, when roe v wade first came down as a decision the hippocratic oath which doctors had to take was changed. the oath used to be do no harm but along came abortion and i believe that oath was changed to. mi historically accurate? >> you are spot on. the hippocratic oath as originally written and handed it down said that i as a physician would not do something to a woman that would cause an abortion. it was very explicit and the politically correct era came and erased that part of the hippocratic oath. we when should it be put back

in? >> i believe the hippocratic oath as it was written was beautifully written and it is our great medical heritage that we are there to help people in times of need regardless of their situation. the idea we will modify this document to fit the current norms of what is acceptable, as a doctor it is difficult talking about this issue with other doctors in any public medical forum, gender dysmorphia, you are not allowed to talk about it. there is one narrative any other narratives are labeled as fringe and canceled. stuart: time we changed that. thank you for appearing on the show today, we appreciate it. i want to go to the markets, this is a financial program but we are dealing with a major breaking story, let's not forget the markets, still in rally mode, dow is up 560, the nasdaq is up 246, we have all kinds of movements, bitcoin holding onto $21,000 a coin,

interest rates back 3%, a little above 3% on the 10 year treasury but wall street in rally mode regardless of what happens on the supreme court. we have brian kilmeade next. discomfort back there? instead of using aloe, or baby wipes, or powders, try the cooling, soothing relief or preparation h. because your derriere deserves expert care. preparation h. get comfortable with it.

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stuart: the ruling has been released. roe v wade has been overturned and america's corporations are weighing and what they are going to do about this ruling. lauren: jpmorgan covering travel for employees that want to get abortions that will cover your travel to state that still allows that. with this ruling at least 13 republican states have trigger laws that go into effect. that is jpmorgan. stuart: they will pay for the travel. anything else? lauren: two instances. amazon and alloy which is a data company paying $4000 and up to $5000 in travel expenses for their employees respectively. also on this list citigroup, yelp, uber, left, apple, bumble, match group, levi straus, hewlett-packard. stuart: i find that extraordinary.

major corporations would pay to have their employees who wish to have an abortion travel to a state which allows it. lauren: a very sensitive issue and always has been. stuart: it does sound like encouragement. lauren: sound like they are taking a political stance or a moral stance in some cases. stuart: a moral stance. it is coming up on 10:51. friday morning. that means brian kilmeade joins us. i'm looking at the response of the left to this ruling. nancy pelosi calls it cruel. senator schumer said is the result of extremist amaga court, the judiciary committee will hold hearings in july and attorney general garland will issue a statement. the left is mad as hell. brian: not surprising, very interesting speaker pelosi as a catholic and says she is a

devout catholic, it is about the children, not in this case. not surprising those statements. you see a 6-3 decision as outlined a moment ago, john roberts saw this paul when amy coheny barrett substituted for ruth bader ginsburg. he probably would have just looked to uphold the 15 weeks, not looked to overturn it but now it is done, it is a done deal, returned to the states and this is one of those moments we will remember, it comes down to the supreme court, there has been in place since 1973 in the moment it was put in place there have been controversy with it and it continues today. stuart: what do you make of these corporations, jpmorgan, amazon, citigroup, yelp, apple, paying significant travel expenses for employees who wish

to have an abortion and need one, to leave the state to get it. what do you think of the morality of that? brian: fascinating to see corporate america, when it comes to taking a position on controversial issues. we've seen that with things like moving the all-star game, now, my employee, my vice president is pregnant, we are in oklahoma, mississippi does not allow abortions, we will provide additional time off, pay expenses on jetblue to get the abortion and come back in to 8 weeks. it provides more analysis, more scrutiny, more judgment coast to coast. i happen to be on the air with geraldo rivera, has professor dershowitz at his house, popping up on the air, a libertarian, not surprising not happy with the gun law overturned 6-3, liberal

attorney says they should have left this in place, he predicts a summer of violence. that is not how you make a decision. you should not make a decision because you think the results will be embraced or rejected. you should do it on legal authority. that was what was dangerous about the leak of this decision leaked to us in may and we saw weeks of protests, a would-be assassin showing up at brett kavanaugh's house. one of those times, hold on tight, america, we have a controversial decision. stuart: we have a gun decision from the supreme court, probably expanding the right of people to carry weapons, the overturning of roe v wade. but those things together, does that not amount to a significant new development for the democrats this november?

brian: clearly yes but it is june. number 2, elections have consequences, supreme court justices put by trump, john roberts put by george w. bush, we know that is where the court is. we knew where they stood on all the issues. how ironic is that merit garland, attorney general weighing in on this decision when he was told to everybody was labeled as a moderate judge the republicans would like, mitch mcconnell said i am not -- we are not interviewing him, he's not going to get hearings but is still in the mix right here but, you could play this out. think about this. one of the main reasons people voted for donald trump was they wanted to fill the vacant seat in the supreme court. that would have gone to merit garland if barack obama had his way. mitch mcconnell said too close to the election, donald trump shocked the world, wins the election and not only does he feel garland's eat the two more seats that brings us to this moment on both those decisions.

stuart: that is why senator schumer called this a decision from an extremist amaga court, rightly or wrongly. thanks for being on the show. the story is breaking as well as the market rally, dow is up 600 points. meet jessica moore. jessica was born to care. she always had your back... like the time she spotted the neighbor kid, an approaching car, a puddle, and knew there was going to be a situation. ♪ ♪ ms. hogan's class? yeah, it's atlantis. nice. i don't think they had camels in atlantis. really? today she's a teammate at truist, the bank that starts with care when you start with care, you get a different kind of bank. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get

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stuart: it is friday, june 24th, historic day. roe v wade has been overturned. hillary vaughan is in the middle of it all. we get a reaction in a moment. let's see what is going on. there is no relationship between roe v wade being overturned and the stock market and it has not interrupted the rally which is in progress, the dow jones average is up 629 points, well above 31,000. the nasdaq composite is up 260 points, the best percentage gain of all the indicators up 2.3%. that is a serious rally and nothing to do with roe v wade. hillary vaughan is looking at all the events unfolding. update me on the reaction to the court's decision.

>> reporter: we are waiting to hear from the white house reacting to this decision but we have received some reaction to the potential of this ruling, the supreme court draft leaked, the president and vice president have been asked how they would react once this decision were announced, the president on may 3rd called a quite radical decision if they did overturn roe v wade but the white house has been asked what the next step would be, if they would use executive authority to put roback in place, whether they would ask congress to take steps to codify roe on 16 june. white house press secretary karine jean-pierre said the of menstruation continues to explore every option in response to overturning roe v wade.

we are looking to see what the next steps are from the white house and the administration but democrats are jumping on this as a way to energize their base headed into the midterm election. speaker pelosi is speaking right now, holding a press conference in reaction to this, she said this decision is deadly serious and underscores the reason republicans should not he handed the majority in november. they are making it clear abortion rights are on the ballot in november and a lot of campaign arms from the democrats saying in exquisitely in a statement make no mistake the republican party will not stop at overturning roe, the 2022 election will determine whether new cool and punishing restrictions will be put in place on women and families, the stakes of november's election cannot be higher and voters will make their voices heard by standing with

democrats up and down the ballot and something we heard moments ago was her forecasting more is to come. they believe this is a signal of an attack on women family planning. they think it will go beyond abortion and there will be steps to pinch roll birth-control women have access to and down the line from there. democrats not wasting time using this issue to rally votes ahead of the midterms. stuart: thank you very much. i want to add one point. earlier this morning we were told the justices specifically said this is about abortion only. it is not about other rights like contraception or gay-rights. that to some degree has been contradicted by justice thomas. he says the supreme court should reconsider rulings that protect contraception and same-sex marriage. that is a little bit out of line with what we were told was

in this decision. steve hilton in california. give me your broad reaction to the ruling. >> reporter: my broad reaction goes to today's willing and yesterday. i speak as a new american. i got my citizenship last year. i revere this country and its constitution and this tells me something important about the constitution, the that is the law, the ultimate law we have to live by. millions of people around the country are deeply upset by today's decision and yesterday's decision on guns, but we have their member the whole point that underlies the constitution and is so important in explaining america's success, why this is such a great country is the idea of decentralization of power, not everything should be in the hands of congress or the president, no one should have

too much power, we need to decentralize it and stick to rule of law. that's what the constitution says. both of these rulings make clear legislatures can make whatever laws they want. it is not about ending the ability for any government anywhere in the country to restrict firearms. you can make the laws if you want, just make sure they are in line with the constitution. this is not about ending abortion. it is the right place for that to be decided. that is fundamentally american, reassertion of the things that make america great. blue when i'm glad you said that because we are in the same boat, we both came from egeland voluntarily, both became american citizens voluntarily and i did it in part because i have a profound faith in america as a constitutional republic. these two rulings to me ensure that that continues. respect for the constitution, put things in the political

realm which should be in the political realm like abortion in my opinion and keep them out of the constitution and the supreme court, we are in complete agreement on this but there will be intense opposition to both of these rulings. >> there is and i'm afraid the pressure is going to be coming from the left and you can understand why. think about it in a philosophical context, the left have the mindset toward greater centralization and government control. they want everything to be decided in washington on every issue so they can exert their will over all the people everywhere. that is not how america is supposed to work. it scott about centralization of power and one dominant ideology. we are a huge country, so much difference and diversity, they love the word diversity except when it comes to politics, so

much diversity, the idea you can have one way of doing things that works throughout america doesn't work at all and that is why the constitution enshrines decentralized, i would go further. look at the other areas of our national life that are over centralized. the 10th amendment, things not specifically in the constitution those powers should be in the hands of people or the state and look at areas like healthcare, education and so on, big policy areas are over centralized in washington dc and congress and the executive branch and states and communities and individuals should have power over those sorts of things so this is absolutely a reassertion of what is fundamental about what makes america great as a nation. stuart: it is indeed, great stuff, thanks for being on the show, good to hear from you, we will be watching you on the next revolution sunday, 9:00 pm

eastern time on fox news. back to the markets, no influence on the markets from roe v wade being overturned, completely separate issues. we have a rally in progress, dow is up 600, the nasdaq up 275 points. market watcher and barry joins us. i like the look of this rally. it occurs to me that maybe maybe we are seeing a bottom for the market after a long long decline. what say you? >> i'm not with you yet. i'm sitting in london and looking at a nation that got double-digit inflation, mass transportation, that shows what happens when you've got cost of living accelerating as i don't -- a warning for what happens if we don't get inflation under

control and what is not under control, going red again. blue when bring me up to speed on what is going on in britain with the economy is there. i know you have rail strikes. i didn't hear about strikes in schools but not your inflation but britain's inflation is higher than america's rate? is in a financial crisis? >> i don't think we are in crisis mode yet, but inflation, transportation strike, national strike, british airways voted to have strike actions in the vacation system and the education system is about to have a vote on the same so there's a real concern about ongoing squeezing of the everyday american should be looking at that is a cause for concern back in the united states. stuart: i heard boris johnson lost two important and

supposedly safe parliamentary seats, the conservative party chairman has resigned. 's boris johnson safe as prime minister? >> i've joked sometimes if you take a picture of boris johnson, this is what a cat with 9 lives look like. he has shown tremendous survival capabilities but it is looking increasingly tenuous. back to the us markets, the s&p 500, the revenue position of the company's is 40% generated overseas, strong dollar right now, slowing global growth, looking outside the mystic market is going to be important to figure out if we reached the bottom in the us market. but when i wish we would reach a bottom in the us market but if we are not there we are not there. enjoy london. coming up we have more on the historic supreme court ruling with senator josh howley.

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stuart: the supreme court has overturned the landmark decision roe v wade. constitutional lawyer mark smith, we were told that the justices who rendered this decision said that it was not about any other right, only about abortion. however i have a statement from supreme court justice thomas, who is saying the supreme court should reconsider rulings that

protect contraception and same-sex marriage, that implies other rights could be threatened. what do you say to that? >> if you look at the decision, 5 supreme court justices voted to overrule roe and casey. justice thomas did concur and wrote a separate concurrence where he makes reference to those other rights saying maybe we need to revisit those but if you look at the court decision itself with 5 justices it says we are only dealing with abortion and no other right, thomas is allowed to speak for himself but nobody else signed onto his concurrence. that may be his single justice view that does not appear to be anywhere near the view of five justices on the court. we don't think those other rights are at risk right now. stuart: you summed it up nicely, other rights are not at risk. i just want to show you are let

you see the reaction from speaker pelosi, roll tape please. >> no point saying good morning because it certainly is not one. today the republican controlled supreme court achieved their dark, extreme goal. they are plotting a nationwide abortion ban. they cannot be allowed to have a majority in the congress. stuart: a nationwide abortion ban. is that possible? >> i suppose under the law it would appear possible land constitutional because if you read this decision it says we are returning the question of abortion to americans and to their elected representatives. they don't specify, states, the federal government or whatnot, they are saying the court is no longer in the business of saying this is a right because it was never a right, never understood to be a right until 1973, we are getting out of the abortion business, is what the

decision says. but there is a political question, whether or not congress would do so, the senate has the filibuster that requires 60 votes to close debate and one wonders if there would be 60 or more votes to ban abortion in the united states. i'm guessing that is highly unlikely anytime in the foreseeable future. stuart: my personal opinion, i am glad it has been taken out of the legal and constitutional realm and put into the political realm so that we the people can pass judgment on a very important issue. are you with me on this? >> yes i am. i think there's a lot to be said for that, in the context of abortion which is not in the text of the constitution, not in the constitution in any respect so the question is who should make the decision whether his legal? should be 9 unelected judges in

washington or should it be we the people? if there's a constitutional right like the right to keep and bear arms it is in the constitution, that's one thing but when it comes to the right to one abortion that is not in the text of the constitution and that is what the supreme court said today. it is not in the text, not deeply rooted in american history. it is up to the people to decide what to do with an and how to weigh the interests of the unborn versus the woman versus other public policy interests, these decisions have to be made by we the people and not the judges and that is what the congress that is what the to be imported today. it is not up to the courts to decide anymore. we when if it what if it is back in the political realm and it is is that good politically for the democrats or republicans? >> i'm not sure it is good or bad for either party. i think it certainly is a great opportunity for democrats to raise money. whether it is going to influence votes in any respect

in the midterm elections given women and others have to pay the price for inflation and terrible economic policies, i am guessing at the end of the day probably a wash and won't influence elections in the fall but that is my best guess. blue when i wonder if you would comment on senator schumer who called the decision the result a result of the extremist amaga court, a political statement but is he accurate on that? >> no, this is a court that is following the law. each of these justices was nominated by the president and confirmed by the senate and made it clear that our job is to read the text of the constitution and figure out what that means that if there's ambiguity we go to american

history to elaborate the meaning of the constitutional text itself and they are following where the text and the history takes them. yesterday in the second amendment they looked at the text and concluded the individual right to carry guns outside the home in the text of the constitution in contrast today they cyan unenumerated nonexistent in the text of the constitution right to abortion and said it is not in the text, this is not our realm, we punt this back to the democratic process because it is not protected by the constitution and not our job to do anything with it. stuart: constitutional lawyer mark smith, thanks for joining our show today. thank you very much indeed. forgive me. i am concentrating on that picture on the left of the screen. this is the scene outside the supreme court right after, this is a live shot. you can tell the intensity of emotion, the crowds gathering on both sides of this issue. a tall fence around the supreme court, that is what our country has come to when you get this kind of issue resolved in this way.

you see the intensity of the emotion. not sure which side that lady is on but she is intense on one side or the other and i think this will continue for some time to come. whether or not the democrats can convert the gun decision and abortion decision into pro-democrat votes in november, who knows? you can't tell at this point but that is what they are going to try. keep that picture up, keep that picture up on the right-hand side because that tells the story of the emotions being released today. left-hand side, the emotion on wall street is positive, the dow is up 600 points and the nasdaq is up 224. you have to keep saying this, there's no connect in between roe v wade and the stock market. can we move on to some other markets please because they are relevant? show me cryptos? last time we checked we had

bitcoin holding on to 21,000, moving closer to the 3% level down from 3.5% some time ago and right-hand side of the screen the people on both sides of the issue, those people who favor the court's decision, a lady from southern california maxine waters. i am sure that she is opposed to this decision, i am sure of it that we cannot hear what she's got to say, dramatic stuff from right there. we've got more on this historic decision still had. congresswoman kat, mac and we will keep covering this market for you. we will be back. (fisher investments) in this market, you'll find fisher investments

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. we will have fresh reaction from the white house but there's reaction from democrats everywhere reacting to this decision but we did hear yesterday preview from karine jean-pierre of what is yet to come if the supreme court ruling were to come down. take a listen. looks like we do not have that soundbite, but what the per secretary said is they are going to push congress to codify roe if this decision were to come down. those are the next steps from the white house's perspective but on capitol hill democrats are making this a midterm issue in the consistent concern we are hearing from democrats on capitol hill is this is going to turn into a larger effort,

it's not going to stick to just abortion only but would apply, the push would be to apply to other things like birth control, other ways of family planning. we heard from alexandria ocasio cortez who said this is not just a threat to women's rights but men's rights to choose whether or not they are able to or choose to expand their family and have kids as well. a lot of concern from democrats making this a big push into the midterms to try to energize their base. blue one thank you. our viewers can see on the left of the screen the intensity of the debate outside the supreme court. the antiabortion protesters, a lot of young women fired up in favor of the court's decision. republican from the state of florida and co-chair of the house pro-life caucus joins me now. speaker pelosi calls this

decision cruel and the economist magazine says it will hurt poor women most. your response to that. >> just like speaker pelosi to say that this is a cruel ruling today when in fact she supports the violent death, ripping limb by limb of innocent children in the womb, to her that apparently is okay. today is a historic win, the court has ruled and rectified a decades long error returning this issue back to the states where it belongs but more importantly, america is based on life, liberty of the pursuit of happyness and support for life begins at conception, the supreme court ruled it is a fundamental tenet and this will be the beginning of the end of roe v wade. all these women in front of the supreme court celebrating it

goes to show this generation is the postabortion generation. stuart: take me through this. democrats want to codify abortion with a vote in the senate saying it is universal across the united states, abortion is okay. to do that you've got to have 60 votes. do you think there are 60 votes in the senate to codify abortion as make it legal across the country again? >> i don't think there are 60 votes. i don't think they have 50 votes. you have people on the democratic side who have campaigned and run as pro-life democrats. i heard on my way to this interview from a democratic colleagues that this is an assault on women's health care. abortion is not healthcare. let me be clear, codifying roe v wade would mean that a woman could abort her child up until

the day before delivery. that is an entirely different conversation than what i think americans are prepared to have. are we seriously going to consider allowing the murder of a full-grown functioning breathing thinking infant, that's what that means. they want to abort children the day before delivery. there is not 60 votes, probably not 50 and i think it is clear the court has rectified this. it has been a decades long error and we are returning it back to the states where it always belongs, today's a great day for life, yesterday was a great day for the second amendment, congress continues to get it wrong. blue one going back to the economist magazine, they are saying the supreme court it abortion ruling that outrage most americans. respond to that. >> they can speculate all day

long but back home when i talked to my constituents they are all firmly pro-life and they agree abortion is not healthcare. if we are serious about that conversation let's have that discussion but don't conflate the fact that abortion is murder and nothing else. it is not healthcare and for the record men cannot get pregnant. let's say that out loud so the fact they are conflating this issue with that and aoc says men can have a voice in this is crazy. voters back home care about the price of gas, the fact that they are having to make the decision between gas or groceries or rent, they care about the fact that there's an invasion on the southwest border, the fact that americans are still left behind in afghanistan and crime is rising in every city across america, democrats are shooting for anything that will stick to the wall, this is not one of them. try again next time. stuart: thanks for jumping in

with us, we appreciate it. may i remind everyone president biden will deliver remarks on the supreme court decision, 12:thirty eastern. let's not abandon the markets on a day like this, dow is up 662 points, the nasdaq is up 250 points and the s&p is up 87, solid rally all around and there is no connection between what you are seeing on the left-hand side and the right-hand side as well. another company, talking corporate america here, another piece of corporate america has taken a stand on this ruling, who is it now? lauren: cover travel expenses should any of their employees need an abortion in another state. at microsoft to this list. gerri willis getting the statement force, microsoft will do everything we can under the law to protect employees in

accessing critical healthcare which already includes services like abortion and gender affirming care regardless of where they live. stuart: on the screens we have other companies which are weighing in, amazon, hewlett-packard, jpmorgan, paying travel expenses. >> if we can talk about lift and uber for a moment you have to remember when the texas abortion law that banned abortion after 6 weeks went into effect that is when a lot of these companies first started to speak out, many of them will have to update their rules but at that time they said if you live in texas oracle, and looking to get an abortion we will give you a free ride. if you sue one of our drivers we will cover their expenses and if you work for us and looking to get an abortion we will cover your travel expenses. stuart: corporate america, some large corporations getting

around this ruling by offering assistance to their employees who want to travel out of state and get an abortion. we will take a short commercial break, lots more after this. ♪♪ wow! it's been 38 years since we were here. back then we could barely afford a hostel. i'm glad we invested for the long term with vanguard. and now, we're back here again... no jobs, no kids, just us. and our advisor is preparing us for what lies ahead. only at vanguard, you're more than just an investor you're an owner. giving you confidence throughout today's longer retirement. that's the value of ownership. lemons, lemons, lemons. the world is so full of lemons.

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say but pretty sure she will say she will fight this decision. joining us now republican texas dan crenshaw. i want you to respond to this. many american corporations are now saying they will pay the travel expenses and sometimes expense of abortion for their employees who can't get an abortion in one state and want to go to another state. what do you think of the morality of american corporations paying for abortions? >> i prefer they just pay for child care. we all have to talk about this. this is a good decision because the original roe v wade decision was reading something in the constitution that did not exist. it was forcing our states to take on the same standard as china and north korea do do as opposed to what 90% of europe does. this never made sense from the get go. what this means that we have to inform a large portion of the

american public about states can make that decision for themselves, the process finally goes back to the legislatures and the people. that is how this should happen. the question of whether corporations can or should do that i prefer they just pay for childcare i think we should talk about how to help mothers if they want to go to an adoption process make that easier, better for americans, those are the conversations we have to be talking about. stuart: speaker of the house nancy pelosi calls this accrual decision. senator schumer says it is the result of the extremist amaga court and the senate judiciary committee will hold hearings on this in july. they may attempt to codify abortion, make it legal nationwide according to their terms. what do you think about that? >> make an attempt to

federalize it and make it legal with no restrictions, i don't think they will be successful. it is not cruel, what is cruel is taking a baby with 10 fingers, 10 toes, can feel pain and murdering it, that is cruel, something out of life is cruel, overturning this unconstitutional decision is not cruelty, that is following the law. stuart: it seems like there are two supreme court decisions, one on guns and one on abortion and you approve of both of them. >> you would guess right. to talk about the new york law this was the case in many liberal states where law-abiding citizen can't get a concealed carry permit because they have many issue policies, that is unconstitutional. you do have a right to carry a gun outside your home and defend herself, inalienable right to self-defense and the supreme court decision upheld that notion.

stuart: forgive me but i do want to go back to the corporations funding travel expenses and abortion itself to their employees. i want to ask about the morality of that and also is it symptomatic of american corporations diving into essentially left-wing politics and pushing it to the rest of society that is the way i see it. >> i talked about this a lot in podcasts and other places, there's this strange rather an x bookable trend of corporations trending leftward, they believe twitter is real life, they believe the angry twitter mob is real, they believe the few radicals in their hr department are representative of everyone when in fact they are not and i wish they would stand up to this nonsense and simply stay out of politics. this is dividing our country in serious ways where you can't buy a coke or nike shoes without thinking about their politics, can't watch a

baseball game or football game without thinking about politics. it is driving our citizens crazy and ceos should know better and stop giving into it because it is nonsense. stuart: what is your response if we get serious violence from jane's revenge and other groups? >> they better go to jail, better have a serious response to that. the pro-life movement is transformed into this movement that is about love and life and science and the bait and i think that is why we won here and the left is turned into the crazy violent trend towards almost elevating the killing of babies to some strange kind of cult like manner. i can't understand it. we need to stand strong on our beliefs. stuart: thank you very much for being with us, we appreciate it. back to the news the supreme

court has overturned roe v wade, protests starting in washington dc, you see them on your screens right now. it is fairly intense in front of the supreme court and there's a huge fence all the way around the supreme court. whoever thought we would live to see that. lose peak joins me now. your reaction to this decision right off the top? >> i find myself where most americans are in the middle of this conversation. i really really disagree with the democrats proposal to nationalize laws regarding abortion that allow abortion up till the moment of birth. i think that is heinous and barbaric and as many people pointed out that puts us in league with north korea and china. -- abortion should be rare, safe, and legal. that is where i find myself. states have the right to talk

about this, make reasonable laws and the supreme court has on the right thing which is to find there is no place in the constitution which guarantees a woman the right to an abortion. that would be a terrible decision in the beginning. stuart: justice thomas is suggesting the supreme court should reconsider its earlier rulings on contraception and possibly gay rights. i think the left will pick up on that and say that this is an attack on all rights of americans. they will play with that. >> they have already done that. alarm bells were ringing when the first draft of this decision came down and they immediately took it to the idea that all rights were going to be suspended. i don't believe that will happen. i don't see any reason.

about gender and everything else. democrats should be celebrating because they have an issue they believe is really potent, in a midterm election where they have very few issues to run on. this is something they will make a lot of noise about. they will find out the majority of americans are not where they want to go and a good thing we have this conversation and they try to sell an approach to abortion which is horrible. stuart: liz peak. >> let's have it out. stuart: let's the bait. let's speak openly about this. thank you for being with us today. see you soon. another corporation has weighed in with their view of the ruling, netflix has issued a statement, not seen it but lahren has. .

netflix offers travel reimbursement coverage for full-time us employees and their dependents who need to travel cancer trampling, gender affirming care, or abortion through our health plan. this is a $10,000 lifetime allowance for employee and their dependents per service. stuart: got that. they join a long list of other corporations, showing up more money i suspect. >> haslett is headquartered in texas, salesforce said not recently but with the texas abortion law if you want to leave texas that is fine, we get it and we will relocate you. the end of last year tesla said they expanded healthcare policies to include travel and hotel costs for employees who had to travel out of state for healthcare, because it was not easy to access and abortion in

the state of texas. for many of these companies it was a local issue and with this ruling we have to watch their responses. do they provide travel for other employees, not just texas and oklahoma? stuart: we shall see. hillary vaughan at the white house. what is attorney general merrick garland saying? >> reporter: a statement from him, the attorney general merrick garland strongly condemning the decision that came down from the supreme court today but he does continue to basically underscore they are going to do what they can to support the right of federal employees at federal agencies that still have access to reproductive health services to the extent that it is authorized by federal law. they also go on to underscore that this does not a limited the ability of states to keep

abortion legal within their borders saying, quote, the constitution continues to restrict states authority to ban reproductive services provided outside their borders. he continues to say we recognize traveling to obtain reproductive care may not feasible in many circumstances but under bedrock constitutional principles women who reside in states that have banned access to conference every productive care must remain free to seek that care in states where it is legal. he also says the justice department strongly supports an effort in congress to codify roe versus wade. stuart: just a few hundred yards from where you are now, the crowd still intense and apparently divided into two, on one side the antiabortion people. on the other side it is the other side. i don't see any clash at this point. do you see anything like that?

any violence at all? >> reporter: i do not see anything from my standpoint but hopefully it all remains pretty peaceful. stuart: i'm surprised at the number of youngsters antiabortion. thought they would be more pro-abortion. back to you later. the news and reaction to the decision, we will be back with more of it next. it followed me everywhere. so i consolidated it into a low-rate personal loan from sofi. get a personal loan with no fees, low fixed rates, and borrow up to $100k. sofi. get your money right. we have to be able to repair the enamel on a daily basis. with pronamel repair toothpaste, we can help actively repair enamel in its weakened state. it's innovative. my go to toothpaste is going to be pronamel repair. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates

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minister boris johnson has just weighed in on our supreme court ruling, he said i have always believed in a woman's right to choose and this ruling is a big step backwards. let me try to explain something here, you probably know this already. in britain there is no constitution so the abortion issue is settled in parliament by politicians who vote and that is what we want to do here. it is a settled issue in britain, absolutely settled, opposition to abortion is minimal because it was the will of the people is expressed by votes. what do you say to that? >> that might make more sense because what we are doing here is confusing.

>> the states will determine what you can or cannot do. stuart: very sorry, senator joe manchin released a decision, he says in part i'm deeply disappointed that the supreme court has voted to overturn roe v wade. it has been the law of the land for nearly 50 years and was understood to be settled precedent. i trusted justice gore such an brett kavanaugh when they testified under oath that they also believed roe v wade was legal precedent and i am alarmed they chose to reject the stability of the ruling that has provided two generations of americans. senator marsha blackburn. could you respond to what senator manchin just stated? >> this is one of those issues where people have been so focused on one side or the other. what i do is respect the court and whether i agree with them

or not in a ruling. it would be appropriate for others that disagree with this to still respect the work of the court. stuart: i think it is a good decision. >> i think it is a wonderful decision. stuart: gives power back to we the people. >> what this does is return the issue to the people. for the people to make the decisions. when you look at the states, the states are going to move forward. they will have the priority in making these decisions. that is appropriate for it to go back to the states and for 50 years pro-life advocates have said this ought not be decided by a court at the federal level. this is something that should go to the states. so i am just so pleased with

this today. we've worked long and hard to create a culture of life in this country, to create respect for life and to have this decision today is so appropriate. stuart: is this a powerful political issue for the democrats going into november? >> what is so interesting to me, when we have people to call our office on this issue, when they find out that it goes back to the states they are satisfied with that because most people think the states should have the ability to make the laws the people that live in those states want and they look at laws around education, around business taxes, other areas and they said that makes sense to me and they realize this is not ban on abortion,

not a federal than. what this is is saying to the states this is going to be your decision. stuart: it is a way of decentralizing power. >> of course it is. >> taking way central authority over washington dc and giving it to the states and that will be true of other issues, not just abortion, education for example as you mentioned. >> that is correct and that is the type of thing people want to see more of. they want to see power pulled away from the centralized government in washington dc. we talk a lot about how different states are more competitive for business. we talk about how states handle different issues that come before them and it gives power to the people to make those

decisions. that is a good thing, very good thing and now what we are seeing is with the issue of life that the states are going to be able to take the leadership and they will decide the regulation on abortion will be in that state. stuart: senator marsha blackburn, republican tennessee, thanks very much for being with us today. appreciate it. >> it is a great day, thank you. stuart: one more company making a statement, releasing a statement on the ruling, alaska airlines. lauren: they too will reimburse travel for medical procedures unavailable in certain states. more than a dozen states with

trigger laws that would happen if roe is overturned when their trigger laws going to affect. in texas it is 30 days. stuart: they have to hear from the states. more than a dozen of them and these companies are saying based on where you live we will help you out should you or in some cases dependent needs a medical procedure like an abortion. stuart: what an extra ordinary day, roe v wade over stern, historic demonstrations and reaction. all kinds of complicated constitutional questions on where this issue goes from here. that issue, the abortion ruling has had no impact on the financial markets. that might sound rather crass but it is true. we are a financial program. we cover politics, recover money, politics and roe v wade overturned, money, you've got a rally, the dow up 650 points, nasdaq up 253, look at big tech. all those stocks making significant gains. they are.

meta platforms up 5%. the 10 year treasury yield above 3%, going up, bitcoin at 20 one thousand dollars, no impact. >> reporter: this is the first winning week for the dow, nasdaq and the s&p in four weeks. with all this going on we had a rally. stuart: neil: stuart, i don't want to extend this , but you said something interesting, that i learned in the united kingdom, i guess, it's not a court-issued sort of an edict here so when boris johnson was critical of what our court did today, now, they have an abortion law there that goes up to 24 weeks, up to that point, you could terminate a pregnancy so this was decided politically. it's a law on the books, am i reading that correctly? stuart: you are that is correct. it's a settled issue in britain. the anti-abortion sentiment is

very very limited because it is