stuart: good morning, everyone. the president is ending his european trip with a press conference, which is now in progress. we'll take you to it, for the q & a session. earlier, the president announced more american military help for europe, two f-35 squadrons to britain, two destroyers to spain, 5,000 more troops to romaine young protesters and a permanent military base in poland. america is again paying a great deal of europe' defense. half hour ago, new numbers on inflation. this is the gauge that the federal reserve uses. core inflation up 4.7% in may- over-may of last year that

is a little weaker on the inflation front than expected. attention crypto investors, bitcoin dropped to the $18,000 level earlier. plenty of anxiety in crypto-land this morning. bitcoin is now at let's see now 19, 100, ethererum right at $ 1,000 a coin. stocks down, and the speculation about whether we're in a recession already or going into one soon. the dow is going to be up about 300 points and the nasdaq down about 170 plenty of red ink today. now look at this. the yield on the 10 year treasury, all the way down to 3.02%. now that maybe another flight-to -safety. we'll dig into it. today, more cancellations and delays at the airports. that's not good if you're trying to get an early start on the long weekend. senator bernie sanders blames the airlines. he wants to fine them $27, 500 per-passenger for delays over two hours. the airlines responded. we have no incentive to delay or

cancel and we only do it when circumstances dictate. now if you're driving this weekend, you're still going to pay big bucks for the gas. the national average for regular is now $4.85. if you have the misfortune of driving a gasoline-powered car in california you'll pay $6.28 a gallon. vice president harris addresses the migrant deaths in that sealed truck in texas. in another confusing statement, she blames trump and she says governor abbott is playing politics instead of dealing with reality. it is thursday, june 30, 2022. "varney" & company is about to begin. ♪ stuart: nice and upbeat, on a nice and sunny day in new york city. so all right, let's get right at that inflation report. it's a very important report, because the fed watches this

particular number very very closely. what have we got, lauren? lauren: it shows that the pce, the price index, rose 6.3% in may from last may. that's because gas prices are high. the core pce -- stuart: that's what i wondered. lauren: the one the fed looks at wasn't as bad up 4.7%. it doesn't take gasoline into account, so we have inflation now slowing for three months in a row. it's still stubbornly high. peak inflation debate, i don't think pessimism has peaked. i think that's the difference. the message of this report is that the fed is likely on track for another 75 basis point hike next month. their july meeting, so, i think a lot of people are asking well i thought cpi was that 8.6% but this number is 6.3 or 4.7%. the difference is shelter, your mortgage. the high cost of rent. it's weighted more heavily in the cpi. that's the one people identify with. it's not weighted as heavily in

this pce that the fed weighs more. stuart: okay, that's the difference and everybody is wondering, you got all these different numbers. good break down there. let's have a look at futures. bearing in mind that inflation report there's no impact on the market that i can see. lots of red ink, dow is down about 360, nasdaq 160 on the downside. adam johnson with us this morning. when lauren was talking there about inflation, she was saying has pessimism peaked. all right, has pessimism peaked in the stock market? >> i wish that i could say yes, pessimism has peaked. it hasn't and that's part of the problem, stuart. in fact if you look at the university of michigan consumer sentiment data, not only is it a new low. it's the lowest its ever been. the university of michigan has been running the survey since 1977. it's the lowest ever. think of that. it's worst than in 1980 when mortgages were 16% and ronald regan came into office. it's worse than the nasdaq tech

sell-off in 2000. it's worse than in the housing crisis of 2008. i mean, it's worse than the dep ths of covid. it's a bad time right now. stuart: does that mean that the market will head south from here? >> um, at some point, it means the market will turn. markets turn at extremes and there are a lot of extremes but you know at the top of the show, you were running through all these different data points and what's happening in the economy and the world. it's a tough time, and i think what people need to remind themselves, and what i keep reminding myself, is that these are extraordinary times. this is a very hard time right now, for all of us to do what we're doing, and in some cases, that can just mean getting up, putting your shoes on and going into the office and trying to stay positive. these are exceptional times and we have to remember that. stuart: can you explain that to me? 3.03% on the 10-year. is that a flight to safety? or a signal for recession? >> i think actually it's sort of the next iteration. it's where the conversation is

going. so if things are as bad as they appear to be, and you think that there is going to be a recession , or maybe we're already in one, that it would also suggest that the fed is actually going to have reverse course and they are going to have to stop raising rates and actually at some point in the future start to lower them. i think that's why the 10 year has backed off. stuart: let me break away now. president biden is taking questions at his press conference, ap asked the first question here is his response. >> the one in germany, after the u.s. supreme court overturned constitutional protections for abortion, after the shootings in buffalo and texas, at a time of record inflation and as new pollings this week shows that 85% of the u.s. public thinks the country is going in the wrong direction. how do you explain this to those people who feel the country is going in the wrong direction, including some of the leaders you've been meeting with this week who think that when you put all of this together, it amounts to an america that is going backwards. >> they do not think that.

you haven't found one person, one world leader to say america is going backwards. america is better-positioned to lead the world than we ever have been. we have the strongest economy in the world. our inflation rates are lower than other nations in the world. the one thing that has been destabilizing is the outrageous behavior of the supreme court of the united states in overruling not only roe v. wade but essentially challenging the right to privacy. we've been a leader in the world in terms of personal rights and privacy rights, and it is a mistake, in my view, for the supreme court to do what it did, but i have not seen anyone come up to me, nor have you heard them say anything other than thank you for america 's leadership. you've changed the dynamic of nato and the g-7, so i can understand why the american people are frustrated, because of what the supreme court did. i can understand why the american people are frustrated because of inflation,

but inflation is higher in almost every other country. prices at the pump are higher in almost every other country. we're better positioned to deal with this than anyone but we have a way to go and the supreme court, we have to change that decision by codifying roe v. wade. reporter: there were some comments by some of your counter parts after the u.s. supreme court ruling, but my second question is g-7 leaders this week pledged to support ukraine "for as long as it takes" and i'm wondering if you would explain what that means to the american people for as long as it takes. does it mean indefinite support from the united states for ukraine or will there come a time when you have to say to president zelenskyy that the united states cannot support his country any longer? thank you. >> we're going to support ukraine as long as it takes. look at the impact that the war on ukraine has had on russia. they've had to renig on their national debt for the first time since the beginning almost well-

over 100 years. they've lost 15 years of the gains they made in terms of their economy. they're in a situation where they're having trouble because of my imposition of dealing with what can be exported to russia in terms of technology, they can't even, they're going to have trouble maintaining oil production because they don't have the technology to do it. they need american technology, and they also are in a similar situation in terms of their weapon systems and some of their military systems, so they're paying a very very heavy price for this , and just today, snake island is now taken over by the ukrainians, so we are going to stick with ukraine and all of the alliance who stick with ukraine as long as it takes to in fact make sure that they are not defeated by ukraine, excuse

me, ukraine by russia, and by the way, think of this. ukraine has already dealt a severe blow to russia. russia, in fact, has already lost its international standing. russia's in a position where the whole world is looking and saying wait a minute. all this effort, you tried to take the whole country. you tried to take kyiv you lost, you've tried to take the donbas and all of it, you haven't done that yet. the generic point is that we're supplying them with the capacity and the overwhelming courage they've demonstrated that in fact they can continue to resist the russian aggression and so i don't know how it's going to end but it will not end with a russian defeat of ukraine in ukraine. i'm supposed to go down the list here. jim, new york times.

reporter: mr. president, thank you. this week, you and the g-7 allies introduced a plan for an oil price cap for russian exports which is not yet filled out and obviously, is a response to the high price of gasoline in the united states and around the world. are you confident that that cap would bring down prices for american drivers and how long is it fair to expect american drivers to continue to pay a premium because of this war? >> the second part of the question was would it bring down the price? reporter: will it bring down prices and the war has pushed prices up. they could go as high as $200 a barrel some analysts think. how long is it fair to expect american drivers and drivers around the world to pay that premium for this war? >> as long as it takes so russia cannot, in fact, defeat ukraine and move beyond ukraine.

this is a critical, critical position for the world. here we are. why do we have nato? i told putin that in fact if he were to move, we would move to strengthen nato. we would move to strengthen nato across-the-board. look. let me explain what i suggested a while ago that what we should consider doing is putting a cap on the amount of money that we would pay for the world would pay for russian oil, and that we would not provide the west insurance, would not insure russian ships carrying oil, we would not provide insurance for them, so they would have great difficulty getting customers. the point is that we've said to them, here's the deal. we're going to allow you to have a profit on what you make, but not the exorbitent prices that

you're charging for the oil now. we've delegated a commission, a group of our national security people, to sit down and work out that mechanism. we think it can be done. we think it can be done and it would drive down the price of oil and it would drive down the price of gasoline as well. in addition, in addition at home , i've always called for changes. i've released a million barrels of oil per day from our oil reserve and in addition to getting other nations to move forward, a total of 240 million- barrels of oil to be released from the strategic petroleum reserve. number one. number two, i've asked congress, would they in fact go and end the temporarily end the tax on gasoline at the pump? and thirdly, to ask the states to do the same thing. if we do these things, it's estimated we could bring down

tomorrow, if congress agreed and if states agreed, we could bring down the price of oil about a dollar a gallon at the pump in that range, and so we could have immediate relief in terms of their reduction of the elimination of the gas tax and so i think there's a lot of things we can do and we will do but the bottom line is, ultimately, the reason why gas prices are up is because of russia. russia, russia, russia. the reason why the food crisis exists is because of russia. russia not allowing grain to get out of ukraine, and so that's the way in which i think we should move and i think it would have a positive impact on the price at the pump as well. jordan fabian, bloomberg.

reporter: thank you, mr. president. i also have two questions for you. >> [laughter] of course. reporter: thanks. the first one is on turkey. what assurance is, if any, do you make to president erduwan, about his request for new f-16 jets for his military? >> what i said was i said back in december, as you'll recall, we should sell them the f 16 jets and modernize those jets as well. it's not in our interest not to do that and i indicated to them that i will not change my position at all, since december, and there is no quid pro quo with that. there's just that we should sell , but i need congressional approval to be able to do that and i think we can get that. reporter: my second question is on your trip to saudi arabia which is coming up next month. as we just discussed, americans

are paying almost $5 a gallon nationally on average for gas, so do you expect to ask the crown prince or the king to increase oil production and if so, how will you balance that with your desire to hold them accountable for their human rights abuses? >> well first of all, that's not the purpose of the trip. the purpose of the trip, first of all, i'm starting off on that trip in israel. stuart: all right, ladies and gentlemen, we're going to carve away for a second, we have congressman kevin brady republican from the great state of texas with us now who has been listening to the q & a session by president biden. congressman, i noticed that the president said the supreme court has showed outrageous behavior on the abortion issue. would you respond to that, sir? >> yeah, i strongly disagree with that. look, the supreme court corrected a mistake and ruling

from 50 years ago and has really returned the decision-making on abortion, access or restriction to where it belongs to the people, to the states, to their elected representatives. we know that the supreme court rulings over the years have not created any common ground, or resolved this issue. i think returning it to the elected officials are exactly, is exactly the right thing to do in my view, this is one of the biggest, if not the biggest human rights issues of our lifetime. i think the supreme court, i believe they got it right. stuart: the president also said he blames, he continues to blame putin for the gas price hike. what's your response to that? >> yeah, this is nonsense as you know. inflation in the u.s. was nearly 7% before this war began. gas prices had already surged, unfortunately, before this war began. has it exacerbated somewhat? yes, but underlying it all, is this attack by the president on

oil & gas in america and his refusal really to work with the industry in america to try to lower these prices, and i can tell you that gas tax holiday that he's claiming will save a dollar a gallon, our estimates are that an average fallly will save over three months $7. about a gallon of gas. stuart: yeah, sir, the president also again claimed that inflation is higher in other countries than it is here but we've done some checking. inflation is lower in france, canada, germany, italy, japan, france, and a couple of other major countries too. he's wrong again on this. >> yeah, i know, he's dead wrong again on that, i think confused about it frankly. most reports show america's inflations about 3 percentage points higher than most of the world, mainly because of his spending policies in his anti- energy policy. we are living in a very cruel economy. the new inflation numbers this

morning is more bad news. we've got reports of americans skipping meals, conserving water , eliminating meat, dipping into their life savings and this number, stuart, really both ers me. 26 million americans have had their savings wiped out under joe biden because of this inflation and one out of four americans are delaying their retirement because of joe biden's very cruel economy and that's why i think his poll numbers are just so staggeringly low. stuart: they are staggeringly low. that is true. congressman kevin brady thank you for joining us this morning. now, we'll go back to the press conference. if there's any headlines to report for you, check out futures, please, because whatever the president has to say has made no difference to the market. we're still going to be down about 300 at the opening bell, nasdaq down about 138. we'll take you to wall street, right after this.

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stuart: all right check those futures, please. still plenty of red ink on the left-hand side of the screen d. r. barton is with us this morning. d. r., let's start with you because i've also got adam johnson sitting next to me so d. r., you're up. i still hear from a lot of people who are very nervous about getting back into the

market. are they afraid, d. r.? >> well, i think there is still a bunch of fear out there, stuart, and i think what we're see seeing, i sent you a chart about yesterday's action where the market went up and down just on the nasdaq six different times before noon by 1%, so if people are still worried about missing out if there is a run-up this summer and they're also afraid of all of the things we've been talking about for months, inflation, war, all of the things that are happening , but i believe there's some good news coming in the fall, stuart, if we can live through the summer. stuart: all right what's the good news that's coming in the fall? >> i think the big turnover we're going to see in congress. i think there's going to be a big mid-term upheaval bigger than most pollsters are looking at, and i think the markets going to see that very favorably stuart: adam johnson sitting right next to me. do you see any upside move for the market if politics

changes in the november mid-term s? >> well markets love gridlock and if you could actually have both houses, gop-controlled versus a democratic white house, that is gridlock, and markets historically, if you go back historically over the past 50 years, the best time for markets is when you have gridlock, like that. stuart: so the republicans could actually help the markets? >> yes, they could. stuart: okay, i understand that the president has wrapped up his q & a session over in europe, so that's that. i don't think we got any serious big time headlines out of his presentation today, or the q&a session, so let's move on. all right, d. r., 4.7% core inflation, reported this morning that sounds kind of positive to me. >> well, i was thinking that a number like that be seen as a very good thing from the markets i think its been weighed on what's going on in the really

risk-on, the biggest risk-on place in the whole asset world of crypto, the negative news we've had in crypto, i think, is kind of balanced it out so we didn't get as big a bump as i thought we would from that number, stuart because i think that's a pretty good number based on everything else that's happening right now. it's good to be kind of flattish here, not growing a lot more on inflation. stuart: have you bought anything recently? and if so, what? >> yeah, we've talked a bit about buying utilities on pull backs i've really liked that i've really liked things where we're getting cash flow, and where we're getting some dividend action, stuart, to kind of put new money to work, in something that's not for years and years, but that's going to do us well into the end of the year to at least give us some income. stuart: do i still get a nice dividend from utilities? >> you still do, you know, it's not a huge dividend like you might see in a big mortgage real estate-type of stock which i think are very risky heading into the fall, but i do think

that southern company throwing off a 3% 4% dividend right after its had a big pullback earlier in the month is not a bad place to look. stuart: now adam johnson sitting right next to you here. you don't buy, recommend, individual stocks? you buy the whole market or you sell the whole market, right? >> well, stuart, i actually do invest in individual stocks, but i'm not allowed to tell you. stuart: then i won't ask. >> no, but and that's a compliance issue, and that's also out of respect for clients because that's, you know, a private transaction between the firm and our clients, but what i can tell you, you were just showing the large cap tech names on the screen, to sort of give viewers a sense for where they're trading and there they are. they are all down. they've been down, and stuart, i think there is significant value in a lot of these names. on the one hand you look at oil stocks which you have been

running and you've got big cap tech that we all know we understand, there is profits there, there's stability. d. r. is talking about going into stable utilities. i'd say go into stable big cap tech. you have more upside and they're down so significantly. stuart: let me throw this at you the earnings season is almost upon us. in a couple of weeks you'll be getting the earnings reports from these big tech. i put it to you, that if there's a serious disappointment, especially for an apple, microsoft, or amazon, all hell breaks loose. >> well, good news is that they are already down. a lot of these names have been cut down at least 30%. the case of facebook it's down about 65% and trading by the way at about 12 times earnings so a lot of the bad news has already been placed in, but priced in, but you do raise a valid point and that is earnings estimates haven't come down yet. the markets come down, which means we've compressed the pe multiple but earnings estimates itself, the e part of pe still up where, you know, its been for the past couple

quarters which is an all-time high and i'm actually, i think that's one of the reasons that we can start to deploy capital and get back in. i think the pendulum of negativity has swung way too far we're at full employment. we do have earnings at all times highs. i think those two e's are two powerful reasons to actually be willing to stay in the market or even put new money in. stuart: same question to you d. r., before we open this market. if there's a disappointment from any of the huge big super-high large tech companies, does that spell another leg down for the whole market? >> well, i think one of adams points is very well made that they are already so depressed and these are the companies, stuart, that are still making double-digit gains in revenue, if one of them said hey we're not growing any more, we're shrinking, well then that be a problem; however, we know that we're not going to hear that from apple or from amazon or from microsoft or from google. i think any of those four assad

am already said picking them up on a really good pullback, maybe even after earnings, stuart, is a very good play. we've been talking about that for months. stuart: for years actually. >> [opening bell ringing] stuart: d. r., thank you very much indeed. adam, thank you very much. i think you'll sit there for a while. the opening bell, there's the bell, it's ringing, you'll see some red ink, when the market does open. literally in a couple of seconds and the dow is probably going to be down the best part of 300 points let's see. the market is open. we're off and running and i see the confetti at the nasdaq, and all right, here is how we started. everything is down, is that right, yes it is, except for nike and proctor and gamble, they're not open yet. everything else opening on the downside and the dow is down over 1%. s&p 500, almost down exactly the same amount, just over 1% lower and the nasdaq composite, same thing, down 1.1%. let's have a look at big tech. we showed them to you pre-market

all down. the market has opened and they're all down again, apple, amazon, meta, alphabet, microsoft to the downside . the worst loser is amazon down 1.25%. susan is with us this morning. susan, good morning to you. >> good morning. stuart: we close out the first half of the year today and its been awful. >> awful, rough i would say, so we're looking at the worst six months since 1970s it's great to see adam, we used to work together, so we actually anchor ed a show together a few times. stuart: really? wait, wait, this is the first i've heard of this. >> yeah, we co-anchored a few time, it was a joy at a previous station, another network. now back to the markets though, maybe adam kinzinger chime in on this , because we're looking at the worst start to the year since the 1970s so end of quarter, end of month and there's a local of rebalancing taking place so a bit of distortion with fund managers with their portfolio holders selling, maybe dip buying, i wouldn't say a whole lot but you're down around 20% for

broughter s&p so bear market and if you look at the bond market according to deutsche bank it's the worst six months sin the 18th century. i don't know how they go back that far and what kind of data they are relying on but wall street is expecting the fed to raise another 75 basis points in july. historically in terms of where the market bottoms, you've heard boa say maybe october with that spread. morgan stanley wealth says they expect another 10% down from these levels, and that means there's a 50% of a recession, and by the way, you were talking about treasury yields. has anybody noticed that we've come down 50 basis points in two weeks? stuart: yes, huge. >> that tells you there's a lot of nervousness and people are rushing into the safety of treasury. stuart: it's a flight-to-safety primarily. is it a recession indicator? i don't know. >> well we know there's been an inversion of the yield curve, right, adam? so its already been priced in that there is probably what, double the risk of a recession this year. stuart: okay, so we're ending,

i'm sorry ending at the first half of the year, looks like another slide as we approach the end of trading today. that's the stock market. let's talk cryptos. this is your area, susan. we had bitcoin at 18,000 a few hours ago. now it struggled back to 19,000. the crypto stocks must be taking a hit. >> oh, absolutely so we're looking at the worst quarterly drop in more than a decade, since it was founded in 2008 bitcoin is down around 58% so this is the worst three months that we've seen since the third quarter of 2011. now we know that two-thirds of cryptocurrency value has been wiped out. companies are going under, a lot of people are calling this a lehmans moment in crypto. banks stopping withdrawals possibly being sold to goldman sachs, whose raising $2 billion according to reports, to buy that troubled celsius bank, tokens are could espionage la king, hedge funds being are liquidated like three arrows and nft sales which just celebrated

you saw all those young employee p in the streets talking about those board aprils, those are the lowest sales we've seen in a year and jpmorgan though says let me ask you this , because you have healthy dose of skepticism here in this asset class, but jpmorgan says that the crypto deleveraging to them, they feel like it's close to being done. you already wiped out two-thirds of the market. how much more is there and given that there is institutional money now, from big hedge funds or a lot of the big banks and investors out there those people can afford to hold on. stuart: well my point be we've had this huge selling in the first half of the year in stocks. to me that says maybe this is a buying opportunity, because they come all the way down, but with cryptos, i don't think it's a buying opportunity. its come all the way down, because there's nothing there. why should i go out and buy bitcoin or ethererum? there's nothing there. >> right okay so as we talked about when we talk about crypto, it's not necessarily, nothing about bitcoin or ethererum. i talk about the underlying

technology of the peer-to-peer the frictionless kind of transfer of payments in the future. did you know that the stock markets and adam kinzinger attest to this , it still takes two days in 2022 to clear the funds. >> well, i think we all talk about the price of bitcoin, whereas we should be focusing on what bitcoin can actually accomplish which is to move money simultaneously very quickly. if for example, a japanese bank wants to transfer $100 million of yen in tokyo, they need 100 million in tokyo and 100 million in new york and it takes several days. you attach that 100 million to a bitcoin it happens simultaneously. instantly, seconds. >> but we talk about the price of bitcoin, i mean, everyone, we all talk about the price of bitcoin, when i think we should be talking about the plumbing behind it. >> correct, yes. stuart: right now you're at 19, 045 per bitcoin. that's not exactly a new low, but it's down today. let's have a look at some individual stocks that are moving. i've got rh, furniture people. they lowered their outlook, i

believe? >> yes, so second cut in just a few weeks time for the high end furniture retailer and guess what they're blaming interest rates, home sales falling, and that's why they are doing the second cut to their forecast , so rh expecting sales to drop as much as 5% in this business year, because they say luxury home sales are down and people don't need to buy as much expensive rh furniture in order to fill those homes now just a week ago they said that sales be flat. so now it's down five and you have to remember that the ceo was the first to warn about a possible recession. he was one of the first ones on the earnings call to say i'm really concerned about consumer demand and the fact that they are cutting their outlook for the second time in just a few weeks, that shows you how quickly things, and the economic picture, are deteriorating. stuart: it does. let's have a look at walgreens. i know that they reaffirmed their outlook, for positive but why are they down? >> well it wasn't as great as they anticipated so we're only talking about the low single-digits when it comes to earnings growth in this type of

environment especially at the end of this quarter and probably the worst half year in 40 years, people are just selling. i saw that they did do pretty well when it comes to profit they were $0.04 above estimates and revenue coming in ahead of estimates as well but the outlook that matters as you know. stuart: it always is. that's the one to look at for sure. i want to say thank you, susan, adam, for joining us all good stuff. look at this , the dow is down 500 points as of right now. okay, actually, 500 points down, how about that just like that. do you remember when vice president harris said president biden is running in 2024 full- stop? roll it. >> joe biden is running for re-election and i will be his ticketmate. full stop. >> full stop? stuart: well, it took just two days for her to clarify that answer. we'll tell you what she's saying now in a moment. elon musk wasn't joking when he told workers at tesla, return to the office for 40 hours a week

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stuart: well if you're just joining us we're 12 minutes into the trading session and we've got a sell-off. the dow industrials down 500 points, and the nasdaq is down 229, in percentage terms down 1.7% for the dow, over 2% for the nasdaq. we've been talking a lot about the chaos at the airports. it's probably going to get worse as we head into this holiday weekend. yeah, i heard that, how many cancellations delays today? lauren: do you want to know?

today, cancellations into the u.s. or out of the u.s. is at 359. it's 9:40 in the morning, okay? delays, 829. again, it's very early. we've heard from transportation secretary pete buttigieg, he's like let's wait and see how 4th of july goes before we take any of this potential enforcement action against the airlines, but as you know, what senator sanders wants to do, fine the carriers 55,000 dollars for every passenger, for every flight that is delayed because of staffing. stuart: okay, i thought it was $ 27, 500. lauren: it is but there's all different levels of fines. if waiting on the tarmac in the u.s. for two hours the fine is $27, 500. stuart: bottom line is fine them big time. lauren: they got $54 billion in covid aid, so you know? i'm not sure what the airlines can do now. that's what everyone is trying to figure out but what can passengers doment take the first flight out try to book direct and say your prayers or you drive. stuart: but it will be bernie

sanders who attacks business and industry no matter what. he always does. there's another story here. good one. business travel, some of them at least, are driving instead of flying. i guess, lauren, they want to be certain of getting where they want to go. lauren: you can manage a drive much more easily, correct? so it's often cheaper to drive so this is what's happening. companies are often buying the more expensive non-stop flight and then putting their workers up for an extended period to account for oh, well if the flight gets delayed or canceled to account for that so the bottom line there is the expense report, it's a lot bigger because of these longer stays. this is terrible for the airlines. they were banking on corporate travel coming back after covid, but cancellations have replaced the covid headache for corporate america, and the carriers that cater to them. stuart: ain't that something? lauren: one headache after another which is why the airlines correct? stuart: two people i met in the building here today, both of whom had suitcases, both of whom

told me, we just had our flight canceled we're not going. that's that. two people this morning. let's move on. take a look at this. it is an op-ed and here is how it reads. airlines got $50 billion in pandemic relief but are still screwing americans. who wrote that? karol markowicz and carol is with me now. are you blaming the airlines for this mess? >> absolutely. well, i'm blaming the airlines but i'm also blaming the u.s. government for giving them 50 billion of our dollars and not demanding any type of performance out of them for it. i mean, what did they do with that money if not retain staff? airlines, you know, laid people off, all throughout the pandemic they encouraged pilots to retire early, stu. now i don't know very much about flying, but i know pilots are sort of central to the whole operation, so the fact that they got rid of pilots to save money and we were giving them billions and billions of dollars, i want explanations. i want hearings. i want, you know, i rarely agree with bernie sanders and i don't

agree this is the path forward now but i would love to see republicans take this up. what did they do with our money? stuart: yes, but, fining them, punishing them, that's not going to do any good. that's not going to relieve the situation is it? >> no, you're right. yeah. well again, they are going to be returning our own money to us so no it's not going to do anything to the situation to help the situation but you know, the airlines are citing post- pandemic demand as if americans are storming the plane s and not booking tickets on flights they are told exist only to find out they don't exist when it's time to travel. so it's not the fault of demand and i want to know what is going on here. why are you taking tickets, you know, taking money for tickets on flights that are not happening. i've had so many flights recently cancel i think this is a real systemic problem and i don't have any faith in pete buttigieg getting to the bottom of it. stuart: okay i've got this new poll and it shows the governor of florida, ron desantis, within single-digits of former president trump. that's the closest anybody has really gotten to him. you live in florida these days.

what or who do people talk about more, desantis or trump? >> you know, i think both men have a wide amount of support. i think that donald trump has been playing king-maker throughout this election. if i'm him i stay playing king- maker, a great example of somebody doing the same thing on the left is barack obama, kind of behind the scenes picking candidates and winners and loser s and donald trump can play that role. i really do think that both men still enjoy a lot of support. i think governor desantis is incredible governor. he's had people moving to the state in droves because of his leadership including myself, obviously and i think that i would love to see a future president desantis. stuart: so you favor donald trump being the king-maker, but desantis being the president. is that where you're coming from >> um, you know, i don't want to issue any early endorsements here, but i don't think that's a bad plan, stu. i think that the country can

really do well with that, that plan going forward, sure. stuart: okay, good answer, there karol. thanks for being with us again, see you again soon, good luck. >> thank you so much. stuart: glenn youngkin, governor of virginia, is he looking to take a bigger office, maybe? lauren: well let's talk about who he's talking to. so last week he was in new york and he met with some major mega- gop donors and later this summer he's going to nebraska to speak at their gop convention so he's getting out of virginia testing his national appeal leading up to 2024. he's got a certain a lure because he was able to win virginia, as the governor, biden took virginia by 10 percentage points. he does, in one sense, appeal to the modern suburbanite, but also appeals to the cultural issues especially to the deep red, the trump base, so he can kind of bridge the gap here. stuart: dipping his toes in the water. lauren: testing the 2024 realm. stuart: and then there's this.

vice president kamala harris says texas' governor abbott went straight to politics after the migrant truck horror, but it's governor abbott dealing with this awful reality. a reality created by biden's border failure. that's going to be my take and it's coming at the top of the hour. fentanyl deaths in teenagers commonly ruled overdoses, even though many of the victims have no idea they have been ingesting the drug. parents are fighting back. they want to change it, and punish dealers. full report, after this. about to i realized that jade was overweight. i wish i would have introduced the fresh food a lot sooner. after farmer's dog she's a much healthier weight. she's a lot more active. and she's able to join us on our adventures. get started at longlivedogs.com your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates

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stuart: fentanyl is the leading cause of death among americans ages 18-45. that's extraordinary. these deaths are commonly classified as overdoses but parents who have lost children they want that changed. hillary vaughn, what kind of change do the parents want? reporter: stuart, well moms and dads whose children have been poisoned by fentanyl-laced pills are battling but now they find themselves in a new fight, trying to put the person that sold their child a deadly dose of drugs behind bars for murder. >> there's thousands of parents in our shoes across this nation

that are just, you know, screaming out. >> parents want drug dealers to be held responsible. if the drugs they sell kill. >> our kids not being looked at as victims. >> right now only 23 states and d.c. have laws against drug- induced homicide, but even in states that do it's hard to get police to investigate an overdose death as a crime. in illinois, it took a retired chicago police officer five months to convince police her daughter's overdose was foul play. >> how are these other parents that don't have this background in law enforcement able to get some form of justice? reporter: for parents in states with softer drug laws like california, their options are limited, convincing the feds to take their case might be their only hope. >> it just, it ties the hands of the police. it ties the hands of the district attorneys, and so they're having to find other ways to go about prosecuting these cases. reporter: jeff davies daughter

died after taking perkoset she didn't know was laced with fentanyl. the drug dealer responsible an illegal immigrants out on bail for another crime. >> we only now in the last couple of months made some progress in the case and had this person arrested, but it only happened at the federal level. reporter: police are frustrated too that some drug dealers and traffickers they arrest are being released. >> we put not just hours in, thousands of hours of work into a case only to see within hours less than 24 hours, people released to start over and do what they were doing before we caught them. reporter: so stuart, parents want prosecutors to do more, to keep drug dealers off the street after they've been caught but some say district attorneys are really dropping the ball. in san francisco alone, the now- recalled d. a. there failed to prosecute anybody for fentanyl selling last year, but the city itself had over 640

overdose deaths related to fentanyl last year alone, so people are dying but no one is being caught. stuart: got it. hillary vaughn, thank you very much indeed. i'm going to go right back to the markets because we do have a sell-off in progress look at that. dows down 570 points and the nasdaq is down 270 points but here is bitcoin. down below 19,000 bucks right now you're at 18, 785. lots of selling today across all markets. still ahead, pete hegseth, patrick duhaan, jason chaffetz, the 10:00 hour is next.

cavalry ..

♪♪ stuart: i am not familiar with this particular song. money maker. that moneymaker. that is why we are playing it. there is not much money being made. it is 10:00 eastern, not much money being made on wall street unless you shorted the market, dow is down 580, nasdaq down 300 points.

heavy-duty selloff in stocks. the 10 year treasury, the yield down to 3.02%. i will call that flight to safety, $107 a barrel. look at it coin, 18,00780 is the current price of one bitcoin. was played of read on mortgage rates. lauren: 5. 7% from 5. 80 one% the prior week. this time last year under 3%. freddie mac says the rapid increase we've seen is pause and that should help the housing market rebound. we won what was the number again? >> 5.7 down from 5.8%. stuart: that is possibly because the yield on the 10 year treasuries down which is linked to the mortgage rate. let's move up on the president's press conference. it is now over. he took five questions.

the whole press conference lasted 27 minutes. listen to what the president had to say about the senate filibuster rule. >> president biden: we have to codify roe v wade and to a lot in the way to do that is to make sure congress votes to do that and if the filibuster gets in the way, like voting rights, it should provide an exception to the filibuster for this action. to deal with the supreme court decision. stuart: matt schlapp joins us this morning. seems to me, if the democrats don't get their way they change the rules, is that going to happen. >> if democrats change the filibuster rule for policy which is something we have never done at least for a hundred years or so since it required supermajorities in the senate, you talk about creating more political division over

abortion, the problem with abortion in america is unlike other countries, it has been the center of our politics because we keep changing the rules and people don't get to decide. think about president biden talking about codifying roe v wade at the national level in congress as if that would prevent states from regulating it. roe v wade currently before was overturned still allowed states to set up the rules, what president biden is saying is they would have one national law for all the states, that will create more political division by a president who voted as a senator on the senate floor to uphold the right to life and oppose roe v wade. he has been all over the map on roe v wade and if they get rid of the filibuster for public policy we are going to pick up 20 more seats in the house of representatives. stuart: the president also made a few claims this morning, one

of them is that no one thinks america is on the wrong track. stuart: they do not think that. you haven't found one person, one world leader to say america is going backward. america is better positioned to lead the world than we have ever been. stuart: a new poll shows 85% of people say this country is headed in the wrong direction. take it on for us. >> reporter: presidents below 40% on the right track, and below 1/3 like 33% are in big trouble. 15% of the people say we are on the right track. if you get down to 15 a lot of democrats say we are on the wrong track too. it is why the president is in jimmy carter mode. i'm not sure things can get better fast enough for him to improve in his white house, he is mired in these low numbers,

he will be a one termer, i hope he runs again because i think we are going to squash them, the american people are rejecting wokeism and socialism. stuart: i'm picking up a sour national mood. people are upset about the holiday weekend, the airports and gas prices and cost of the holiday meal, it is a sour mood we are in at the moment and i'm not sure how we get out of it. >> not sure how we get out of and the other piece of it is americans can handle a lot of distress when people are attacking the american way of life, democrats are attacking america and what america stands for and these people have to work hard to put food on the table, they feel they are being attacked because their kids are born boys and girls and they love the flag and the cops and this rise in crime, they feel they are under attack by the woke is him and big tech oligarchs and i think it is

terrible politics and i don't know how he turns it around because the man can't talk, too unlikable. stuart: i will leave it right there, thank you for joining us. i have more here on the kamala harris, the vice president is offering clarification on president biden's plans for 2024, some convoluted logic. >> she couched previous language in this definitive package deal for 2024, walking aback a little bit, saying the president intends to run and if he does i will be his ticket mate, we will run together, they intend to run as first to the race if you're going to run are not. you intend to do something doesn't mean you will do it. more democrats are openly considering questioning his age and his support among the party has cratered as well. stuart: i don't think he runs into thousand 24, don't see how he can, case closed.

>> think you are right but he does intend to run. stuart: that is the word you use, intend to run. we have a selloff going on, 550 points on the downside and the nasdaq down 300, 2.8%, heavy duty selling, we have lou to guide us through this perilous journey. you say we are in a recession already, can you tell us when we come out of it? >> oscar wilde says everything will be fine in this legal but it is not fine, we are no recession, yesterday fgd number got revised down to one. 6%, everyone behaving as if it is a recession, went from hiring and firing intact down to the change in behavior, people trying instead of flying, those are some to medic of a recession, we are in it now, the average recession last 15 months. hate to say this, how long it lasts depends on jay powell, the high wire trapeze artist

carrying the polls and interest rates and inflation on one end and since he doesn't balance it purposefully -- >> is willing to risk recession to attain inflation so it seems scales aren't balanced. >> inflation is like a pendulum, the pendulum gets to the far extreme the forces start reversing and we are seeing that. inflation number came down slightly, people psychologically -- i have to change how i look at things. it is real for everyone even me. stuart: we are in the middle of a selloff, down 550. some stocks are moving significantly. constellation brands, beer and liquor, down 4%. big drop for a company that size. lauren: beer sales are strong but they lowered their

financial forecast, we are drinking less wine and they keep reporting losses in their investment. those losses keep adding up. stuart: okay. boeing. i'm sure they are down sharply, another 4.6%. lauren: the transportation department inspector general will audit the faa oversight of the 737 and there 787 dreamliner production. they are costly getting grilled as they try to get these planes back in business. we went can't catch a break. another semiconductor company is down 19%, smart global. the story please. lauren: the issue is demand, it is very weak, 5 or 6 brokerages coming out and cutting their prices, so that is one reason the stock is down 20%. blue one before we close with you, lou, is this the cataclysmic throw in a towel

selling people are waiting for? >> this is it, this is capitulation, you will see earnings, the estimates are too high. we will get that capitulation, they've got to revise the estimates that's the mid-deca, so semi-conductors trading 1100 earnings forward earnings, the cheapest it has been in a decade. stuart: thank you very much. breaking news, we just got the ruling in the epa challenge case. come on income you've got the news. ashley: it is significant, the supreme court ruled with west virginia in west virginia versus epa, this is all about federal executive overreach and it deals with the epa and its planned, sweeping planet should be said to reconfigure the country's energy grid, energy system. in other words getting away from fossil fuels and moving to clean energy. the epa was challenged by 27 gop led state saying this is

too broad, you don't have the authority in the supreme court in a 6-3 decision agreed with the states, i was reading an opinion from justice roberts who said capping carbon dioxide emissions at a level that will force a transition away from use of coal to generate electricity may be sensible but not plausible that congress gave epa the authority to adopt on its own such a regulatory scheme. you have this alphabet soup of federal agencies out there putting in these rules and the pushback is wait a minute, shouldn't this go through congress? shouldn't this be more discussed, the cost, implications to the economy, jobs, industries, should come from congress, not unilaterally from some agencies such as the epa who believes this should be happening.

a big blow to the biden administration's climate change plans and could have other ramifications as we look at other agencies, that agencies are overstepping their reach. stuart: it stops ruling by regulation rather than legislation, the administrative state has been knocked off a bit, what a reversal that is. profound implications, back to you with more on this. joe rogan says he would support governor desantis in 2024. >> ron desantis would work as a good president. what he has done for florida has been admirable. we one will republicans rally behind the santos? jason chafer it's will join us. the airlines are a mess, delta pilot are protesting across the country. lydia is at jfk and will fire report momentarily. senator bernie sanders wants to

find airlines thousands of dollars every time passengers face a delay or cancellation. i will ask the ceo of a valid airlines what he thinks of that. ..

stuart: the markets are closing out the first half of the year with a selloff, dow is down 500 points, nasdaq down 300. that is a market. is the market. bitcoin selling off too. big tech all the way down, leading the charge to the downside and all sharply lower. airline travelers facing

increasing number of delays and cancellations ahead of the holiday weekend, delta pilots will be protesting airports across the country, they want to be treated better. it is a big travel weekend coming up. hardee's protest going to cause more disruption? >> reporter: no. they are not expected to. that is what delta says. these pilots who are protesting today are off-duty so it won't impact any scheduled flights for today but as you said hundreds of delta pilots are going to be joining these pickets across the country today calling out the airline for mass flight cancellations, staffing shortages and demanding a new contract with more pay. >> we want delta management for a long time we were not properly staffed to fly this summer and we are seeing the results of that. >> reporter: cancellations are

impacting travel around the world, london heathrow international airport asking airlines to cancel 30 flights scheduled for today out of safety concerns, they are worried about having too many passengers and travelers in the airport, more than they can accommodate and that is coming as we are seeing cancellations and delays across the united states growing today, we are approaching 1300 already, at 10 am this morning so in the months since memorial day weekend we've had more than 23,000 flights canceled. more than double the amount of canceled flights over the same period last year and democratic senators marky and blumenthal are writing an letter that staffing issues are no excuse for cancellation, they say cancellations and delays, quote, have real-world consequences for travelers, sacrificing time with loved ones and incur significant financial cost, delta is

issuing the fee waiver to customers who have a flight booked for this holiday weekend. it will allow customers opportunity to rebook without paying additional fee or penalty and making that announcement delta is excepting customer volumes this weekend that it is not seen since before the pandemic, operational challenges are also expected. stuart: thanks very much. senator bernie sanders wants to punish the airlines for ongoing mass cancellations. here's the plan, $27,000 fine per passenger for flights delayed over two hours. force airlines to refund tickets promptly for delays that are over one hour and a $55,000 fine per passenger if the flight is canceled because of staffing issues. that would be truly crippling i would have thought. the ceo of a fellow --avello

airlines, i want to ask you about the sanders plan. he's going to punish the airlines. is it is it the airlines falter these cancellations and delays? >> nice to be here again. look. i think there's a lot of fault to be thrown around. some factors are uncontrollable. always weather related issues come you can't control the weather, staffing issues, i can't speak for the industry. we are doing a great job. stuart: do you have staffing issues, you expanding in orlando, why don't you have staffing issues? >> i can't speak for everybody else. they are much bigger, it is much more complicated, there's a lot more issues but they are probably trying to fly than what they are staffed to fly. clearly there are a lot of cancellations as just noted,

more than it what is normal. for us, we cancel 9 flights out of 2000 this quarter so it is a 95.51%, we are very proud of our record, we fly 95% completion factor since we started 15 months ago and for us, it is a challenge that requires a lot of planning, of course, but we are navigating it just fine but some are having problems. blue one did this huge increase in demand for airline travel catch you by surprise? >> i wouldn't say so really. pretty good trend line for a while and we all believe once people felt safe traveling again despite covid that we would see a bounce back to where we were in 2019 levels and we are seeing exactly that. is busy. i flew into houston yesterday,

this is my home, the airport was as packed as i have ever seen it. you see the tsa nevers, people are traveling and we think that is great. we have food airplanes, a lot of flights, excited to take people where they want to go to see friends and family and we are in growth mode. we are starting in orlando with service to dc, wilmington, north caroline and do flights into newhaven, connecticut in one of our crystal bases. stuart: thanks for helping with all these flights you have planned. it is all good stuff, congratulations on expanding into orlando as of today, andrew levy, avelo airlines. elon musk told tesla employees get back to the office or get out. now there is a report that he is tracking their movements to make sure they are in.

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neil: it is a selloff. the dow is down 500 points, nasdaq is down 288, significant losses across the board on the stock market today. lauren is starting with pfizer. lauren: we need good news. pfizer raised the price of their covid vaccine by 27% from what it charges the government, another 105 million additional doses for fall, more resistant to on micron, this particular booster, might be a sign that investors are underestimating the durability of covid vaccine. stuart: we are buying a chunk vaccine from pfizer. that hopefully people will want.

barclays british bank down big. lauren: they are giving british employees a cost-of-living raise. of your british and work for the bank you get us$1450 this year because inflation is a problem in britain the way it is in the us. stuart: insurers and the british have a higher inflation rate than we do. the gaming stocks, las vegas danning is big. lauren: scrabbling to contain covid. police department, fire fighters and medics among the hundreds infected. we tell you about china's 0 covid policy and a couple dozen cases, hundreds of cases and residents being told to stay home and test every day. stuart: that interferes with the gaming business. democrat run states using the fallout from the supreme court decision on abortion to lure businesses back. grady trimble is with us. do you know if any businesses

planning to move because of the abortion issue? >> reporter: none that we know of is even thinking about it but that's not stop buying leaders and blue states like gavin newsom in california from making the pitch. >> some businesses might want to come back. point of pride that we welcome you back. we want to celebrate that we have you back. >> reporter: illinois and connecticut tried to make a similar case to states with more restrict of abortion laws like texas and georgia. governor phil murphy of new jersey sent a letter to several businesses telling them overturning roe v wade would have a chilling effect on their ability to hire and retain top female talent. several companies have offered to pay for employees to travel to get an abortion if they

can't get one in their state. in texas some republican lawmakers want to ban companies that do that from doing business in the lone star state, the heritage foundation says it is unlikely abortion laws will have any impact on where companies decide to put their headquarters. heritage foundation tells us state governors trying to move businesses to their states are the same states businesses have been fleeing because of their terrible climate and lackluster economy. sacrificing competitiveness, growth and employee incomes and total compensation just to take a political stance on an issue about which americans are divided is bad business, the heritage foundation called it wokeness signaling by democratic governors. i want to show you the market again, we are still very much on the downside, 465 points down for the dow, 270 down for the nasdaq and bitcoin last

time we checked was back to $18,000 per coin. blockbuster news from the supreme court again today, two big decisions, number one, they are going to curb the authority of the environmental protection agency, pete hegseth with me now. to me i am trying to read this. seems like that ruling means you cannot rule by regulation. you've got to rule by legislation, pulling in the administrative state. i got that right? >> this is a classic tactic of the administrative state, wordy broad language and leave it to the regulators to implement laws that were never written at all but totally written by regulators many of which circumvent the intent that was written to the legislation when it was passed which i see this to the context of the department of veterans affairs where legislators say do one

thing, regulators and bureaucrats do something entirely different, antithetical to what was passed. when it comes to the epa they have broad, sweeping, massive power as far as what businesses and individuals are allowed to do, reining in the administrative state, if there is a big fee of this supreme court, liberating individuals and personal freedom and ultimately drawing in the state. stuart: and bringing power back to the people through the vote, that was the essence of the abortion decision and the essence of the epa decision, rule by legislation. >> the essence of the main decision which gives parents choice to go to any type of religious institution with vouchers, the essence of the new york carry concealed bill. individual buddies and freedom are back because of justices who respect a constitution and the bill of rights. we won the other big ruling today concerns the remaining mexico policy, the court ruled in favor of the biden

administration. seems to me the administration can continue to phase out that trump era policy, remain in mexico which to me means more people come across the border towards america. of i got that right. >> reporter: this is an example of elections have consequences and each administration has an opportunity to implement customs and immigration policy. this one has been a disaster and the trump administration sealed the border through remain in mexico to lessen the incentives for people who attempt to make the crossing. this white house regardless of what we said committed to opening that border, this court in that case, i have not read the ruling yet because it just came out effectively thing it been a straightens have the ability to sediment ration policy. even though i question that we have laws on the books what is eagle that is legal and illegal, they are being exported through the asylum

loophole. stuart: $825,000 in the american rescue plan went to oral historians researching antiracism in history. does that have to do with covid? >> nothing to do with covid. this is transactional, affectively extortion. over one hundred 30 million went to the national endowment for humanity. the entity that gave up a lot of these dollars in loans, this is the tip of the iceberg, a totally left-wing organization committed to diversity, equity and inclusion which is code for quick race theory and they are hiring new counselors or oral historians not to tell stories that deserve to be told, interview world war ii vets a few of which are still around, it's to tell a story from a particular point of view that america is systemically racist, the buzzwords are diversity, equity, inclusion, latin x community, underserved community, this is explaining a

crisis to push an agenda and here is for is for the national endowment of humanity. we one you wrote a great book on this that is still at the top of the bestseller list, congratulations because you've given us clarity on this and that is very important. >> thank you for the year time two weeks in a row, new york times number one. back to you guys and our viewers. stuart: see you again soon. senator ted cruz going head to head with another sesame street character, this time it is elmo. why he has a beef with the muppets later on the show. a reporter asked to the president when we can expect gas prices to go down and he went straight to blaming putin. >> president biden: the bottom line is alternately the reason gas prices are up is because of russia, russia, russia, russia. lauren: a long time since we heard russia russia russia and now it is back, best gotti by patrick the han will deal with

the flattering prudent price hike next. ♪♪ ♪♪

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stuart: biden's energy crisis, average cost of a gallon of gas $4.81 as of right now. do the republicans have a plan to lower gas prices? ashley: dave joyce of ohio says americans are getting hammered with high gas prices while the biden administration refuses to unleash the country's resources so joyce introduced an amendment that would force the administration to hold lease sales that were previously canceled, forcing the the part with of interior to hold three

sales previously scheduled for alaska and the gulf of mexico, the federal government's only remaining planned offshore cells. shortly after taking office biden signed an exec it border pause and all new leasing on federal lands but a federal court block the moratorium five months later, republicans say drill baby drill. stuart: speaking of gas there is a conservative group trying to lower prices at some stations across the country. tell me about this. ashley: americans for prosperity, libertarian conservative political group, funded by the koch brothers plans to hit 100 cities in 90 days participating gas stations across the us lowering the price of gas for a limited time to do dollars and $0.38. the cost of a gallon of gas the day joe biden was inaugurated.

exxon gas station in wilmington, north carolina dropped its price to $2.38 a gallon, quickly created a line of cars that stretched a mile to philip. we will see that time and again as it continues. stuart: at least they are doing something of a president biden addressed high gas prices in madrid earlier today. this sounds familiar. >> president biden: the bottom line is ultimately the reason gas prices are up is because of russia. russia russia russia. the reason the food crisis exists is because of russia not allowing grain to get out of ukraine and so that is the way i think we should move. we have a positive impact on the price at the pump. we won look who is here now, our gas buddy guy. russia russia russia. is that the sole reason for gas

prices being so high? >> reporter: we know it is never just one thing when it comes to oil. russia russia is part of that. oil prices not near record levels but gas prices aren't part of the reason is we lost refining capacity, the president does not want anymore refining capacity to come online after the oil and gas companies but gas prices, the station behind me $0.15 a gallon lower than sunday so finally reprieve as motorists hit the road for july 4th. stuart: the president's top energy advisor says the oil industry has all the permits they need to pump more oil. >> we are not looking at the price of oil today or tomorrow but how do we systemically bring the price of oil down? there's nothing the industry needs to increase production in the united states of additional oil. they have all the permits they

need, they don't need anything else from the federal government. accelerating electric vehicles rings down oil consumption. stuart: okay, don't know if you heard that but they've got all the permits they need, all the equipment they need to pump more oil, what do you say to that? >> we are here because oil supplies not where it should be your where it could be. oil production is moving up but is there nothing the federal government can do? after all the rhetoric the biden administration, having 0 impact, certainly is, if nothing else, out of the administration, demonizing going after them, can selling lease sales doesn't bring a conducive environment to oil companies to increase funding to raise production. stuart: is there any chance with all the driving people will be doing this weekend the

price of gas will inch back up again towards $5 national average? >> not just yet. gas prices could drop for another week or two but we are in the same predicament, refining capacity meaningfully improved the last two years. if there is a major hurricane we could go higher but for now our gasoline, down $0.25 a gallon. more relief is coming but doesn't mean the coast is clear. stuart: thanks for joining us, see you again soon. a new report shows tesla tracking how often its employees are in the office. not quite big brother but tell me more about this. ashley: it is pretty close. a tesla employee posted a screenshot notifying the person they hadn't used their bags to and or the facility for 16 days over the last month.

the automated email concludes all employees are expected to be back in the office full-time and all agencies must be cleared through a manager. the end of may you on musk issued an ultimatum to tesla staff calling them to return to the office for a minimum of 40 hours a week or quit. it is not sitting well with some workers and recruiters at major companies like amazon and microsoft began targeting tesla employees not happy about the return to office mandate. stuart: vice president harris breaks her silence on the migrants found dead in the back of that 18 wheeler. taking aim at the governor of texas. >> how the governor responded highlights part of a problem. his response, 50 dead bodies in his status to go back to politics instead of dealing with the realities of the

issue. stuart: brian kilmeade is fired up about that, joining us right after this.

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us. kamala harris -- >> simulcast. stuart: kamala harris is blaming governor abbott of texas and trump for the border mess and the terrible migrant tragedy. it is never their fault, is it? if it happened under trump, what would they be saying about trump? >> the donald trump personally suffocated those 53 people, that it was his idea, he doesn't like hispanics. talk about tractor-trailer, and the alamo country as a refrigerator truck and this was painted there, and the back where people are paid $10,000. $10,000 each. and 53 are dead. the drivers on meth tried to pretend as if he was a victim too.

he goes to jail hopefully for life along with accomplices. he got through the border. part of the reason this is happening is they made it come one come all to the border, after everything president biden has done wrong, the most inexcusable is allowing the border to follow port and all those thousands in mexico, not enforcing it like they should against the rule of law, flooding to the border and just a turnstile because they are interesting cracking down. the governor that has to use national guard, the governor has to build his own wall, you are not using the wall be paid for, letting it stack up in the desert and the governor is playing politics and the white

house in california come washington dc, border's are doing 0. stuart: is exasperating. 85% of the people believe we are heading in the wrong direction as a country and that includes 78% of democrats pulled. i don't see how the president can turn this around. >> the supreme court in madrid, spain, the american people have been let down by the supreme court. a lot of people happy with the supreme court decision, not why those numbers are so high. you can't blame us, our inflation is low compared to other countries. france is lower, japan is 2.4%. everybody from the uk is lower.

stuart: the uk and spain have a higher inflation rate, everybody else has a lower inflation rate. >> the uk at 7.8%, italy at 6, japan 2.5, germany at 7.4, france is 4.8. stuart: you made a number of mistakes along those lines talking about inflation. i noticed peter doocy did not get a question, only answer five questions and 27 minutes and peter doocy was left out, i am not surprised. the market still selling off but not as bad as it was an hour ago or a few minutes ago. down 223 on the nasdaq. jason chafe its --chaffetz dan

heninger, vice president harris says governor abbott went political instead of dealing with the realities of the border issue. governor abbott is dealing with this awful reality. a reality created by biden's born failure, that is "my take" next. ♪♪

stuart: we are playing the song applause. not as bad as it was a few minutes ago. and all of them sharply lower, when you talk in percentage terms. it is a serious loss.

and 3% or lower. 3.01%. the historical low on this is lower than it has been for weeks. we are at 350 come out is 3.01%. dennis gartman is the market water with us this morning. how long do you see this bear market going? >> another 6 or 7 months. they are quite bearish since january 1st of this year. got us to move 15%, we are sitting in cash, 28% cash. gold and the bond market.

the bear market continues a while longer, going across quantitative easing and moving to quantitative tightening. 65 billion of fuel out of the system. and a lot of time to worry about stock prices, rallies selling into, cleaning your position especially so this is a bear market. he who loses the least is the winner. stuart: are we in a recession or going into recession? >> classical definition of recession is two consecutive quarters of gdp growth, the first what was negative, i think the second quarter will be slightly positive. amy: don whether we get to third and fourth quarter of negative gdp growth but on balance we are not recessionary circumstance. may not have the classical definition of a recession but we are in a recessionary circumstance. stuart: most of the people i

talked to are in a bear market. those that have a factor? have we reached peak bearishness? that is my question. >> we are close but have some ways to go. keep a close eye, cnn has a great fear index going from 1020, and you start to be less bearish, down 13 and turned higher yet. it is an extreme posed vision but a month and 1/2 ago down to six so that is when we had a good balance to the bottom and we go lower and bearish and continue to be bearish a while longer. stuart: a clean-cut opinion is what we like. now this. the vice president, kamala harris, has spoken about the

death of 53 migrants in the boiling hot truck in texas. she also had something to say about governor greg abbott who blamed the administration for those deaths. >> the governor of that state responded the highlights the problem because his response, 50 dead bodies in the state is to go straight to politics instead of dealing with the realities of the issue. the reality of the issue include what we need to do on the issue of smuggling for example so our administration is taking that seriously. we have a broken immigration system that was decimated by the last administration and we are on the path to doing it to fix that broken system. stuart: the vice president has been criticized for her vague word salad statement. that was another when you just heard. let's try to boil it down. harris says governor abbott went political instead of

dealing with the realities of the issue. governor abbott is dealing with this awful reality created by biden's border failure. it is texas putting in resources, abbott who is doing biden's job. harris says the government is taking smuggling seriously. maybe we should call it by its proper name, human trafficking and whatever the government is doing is not working. then we have a broken immigration system the was decimated by the last administration. it was trump who got the border under control and biden who invited migrants in and harris, the borders are who watched them come in by the millions, another biden failure, another harris embarrassment. jason chafe its --chaffetz joined me now. the blame game does not work. how about you? >> totally agree. this is totally preventable.

the drug running that is going on, this administration invited people here to get across the border. we will not expel you from the country. every metric moving in the wrong direction, the border patrol agents out there working on this. donald trump had it under control moving in the right direction. we were working closely with mexico. under this administration, they have operational control at the border. the white house spokesperson said the border is closed. if it is closed how come we had so many people coming across in a truck like this? how come's human smuggling, how about according to border patrol agents i spoke with more than half of the women coming across were raped along the way? this is so totally wrong and president biden, where is his

leadership, in his 50 years in washington dc he has never been to the border. how can they claim they have a grip on this and there is no serious piece of legislation. don't tell us vice president harris, that you are moving in the right direction admit you have a plan. where is the plan, where's the legislation? stuart: they are not moving at all. i will move on to something separate. i am sure you saw this. joe rogan said he would support governor ron desantis in 2,024. >> i think ron desantis would work as a good president. what he has done for florida has been admirable. stuart: do you think the political tide is beginning to turn towards desantis within the republican party? >> i think republicans are showing a number of candidates will be very viable and easily beat the president. ron desantis, i served with him in congress, a good congressman

but has been a great governor and an incredible amount of money, the top couple in terms of potential nominees for the republican party for the presidency of the united states, a lot of people think let's do that for the country. stuart: i have been saying people like trump's policies but don't like his style. what do you say to that? >> a lot of people are tired of the rhetoric, and hashing through the old stuff. elections are about the future, the optimism of the future and ron desantis personifies that excitement, that youth, that vitality, background and the military, jack officer, accomplishing in congress can beautiful wonderful family and pretty much every box you have out there for a potential

president. stuart: thanrtks very much for joining us. for being herereeverybody and n back to the sellofll we awere dn 0, not as bad ad as it was earlier when we were down 500 poi lauren: the story on tesla is we get that in a few days. we have 700,000, investors in the overall market down, forgiving about this. and operational challenges. web bush, dan ives, to increase its deliveries of 50%. the overall market is down.

stuart: i saw walgreens merging. what is the story here. >> quarterly sales, earnings plunged, fewer people, covid 19 shots, and $680 million. stuart: that will hurt. stuart: how about disney, they are back to $94 a share. stuart: that is lauren: that is the price before they launched disney plus and that was november of 2019. morgan stanley lowered price target to one hundred $20,000, worried about weak demand, consumer pooling back and that will hurt disney plus. something to get excited about. a new disney cruise, they launched their first new ship in a decade. that is the star wars bar where

you can order a cocktail for $5,000, that is the frozen room. this is going to be a hit. made the. it might be a way to do disney without really doing disney. stuart: it is not the stock. last year disney was $200 a share, $94 a share. images suffered, what they are doing in florida, 93, 98 for disney. check the big board. we are down big time, $3.36, better than one person. 10 year treasury hit 1%, no, it is close, 3. 0 one%. one%. i described that as our flight to safety. the price of gold down $10 an ounce, bitcoin down $1000, $19,045. oil down $105 a barrel.

natural gas down $6.10 per million british thermal units, the average price of a gallon of gas down $0.03, down $0.16 for its high, $4.85, diesel -- sorry, in california, $6.28. next, nasa's new satellite will lay the groundwork for future moon missions and it is the size of a microwave oven. senator ted cruz picking a fight with elmo. he thinks sesame street has no business telling parents to vaccinate their children. right now the president on air force one flying back from europe after defending the economy at the nato summit. >> president biden: america is better positioned to lead the world than we ever have been. the strongest economy in the world. stuart: the president of questions for 27 minutes. took questions from five

reported, did not call on fox's peter doocy. edward lawrence is they are bringing the highlights in one moment. ♪♪

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stuart: president biden held a rare press conference earlier today at the nato summit. he blamed russia for soaring gas prices. edward lawrence, what else did he have to say? >> reporter: this is causing issues in the industry. western energy alliance which

represents oil and natural gas companies very upset about the rhetoric from this administration. my exclusive interview with the top energy advisor led to this statement saying, quote, to say we have everything we need is ridiculous, the oil and gas industry is experiencing big supply chain issue and worker shortages that all other industries are. on top of that there's a conservative effort, the president biden administration could affect all those issues by cutting back on regulation, they refused to reverse course, stepping up the new regulation. rolling back regulations to streamline pipeline projects, important to hear what part of the interview. >> nothing the industry needs to increase production, they have all the permits they need,

don't need anything else from the federal government. >> reporter: the industry association groups disagree. the added regulations cost energy companies $215 billion from in our gear ration day under donald trump, this is a direct result of the transition president biden says he would like to make. 6 questions from 5 reporters, back to that news conference. stuart: the president used the expression again russia russia russia, blaming everything on russia. what do you make of that?

>> reporter: the plea not true, you can trace it to the beginning of his administration. to the drunken sailor spending that biden and congressional democrats undertook. if you isolate it to oil thanks to political risk, after biden rushed out sloppy sanctions over the course of the weekend, the energy supply, and china and south africa outside the g7 in the year but he did the, a great deal on oil, $35 discount, down from what you have to pay for london brent and we are paying more. a lot more has to do with biden then putin. stuart: the president announced america will enhance its military presence in europe, more troops, warplanes, warships all going to europe.

why are we sending these troops and spending all this money in europe when they are not clearly defending themselves? this was donald trump's line, got to defend your self, shipping soldiers over there and biden is doing the same. >> reporter: of trump was america first then biden is europe first, look at his statements. it is not people who help us do things, it is continental europe, $20 trillion, the same size hours, 400 million people, more people than we have they can defend themselves. we have to step up or the soviets will -- not the europe of 1979 before the thatcher reforms created real -- it is wealthy and kids defend itself and when we got kicked out of afghanistan by the taliban and one of the things he says as we can focus on asia, the american

people see china as the premier risk and we have fewer ships and fewer aircraft and fewer missiles and fewer nuclear systems in the pacific than we had four twee 8 years ago. we need the surgeon the pacific but we are doing the opposite. putting more forces where people can and should pay for them. stuart: finland and sweden will be invited into nato. i consider that a win and a loss for putin. what say you? >> i don't think it changes much. they fought against both sides in world war ii, stood up against the soviets for a long time which is remarkable for a small country. i don't think they bring a great amount of assets. an interesting development because they were so careful to lean towards nato but never institutionalize the opposition to moscow by joining nato. it isn't a good thing for putin. i don't see changing nato or its ability to act in the world

significant he. we won thanks for being here. see you again soon. here's a complete change of subject. doctor fauci says he is suffering a second round of covid symptoms after taking pfizer's antiviral drug. it sounds like he is blaming the drug, is he? ashley: despite being fully vaccinated and twice boosted doctor fauci did contract covid but after testing negative for antigens three days in a row fauci says he reverted back to positive. this is not unusual. a number of patients reported the same phenomenon called covid rebound were symptoms return after taking a full course of the drugs. he started taking a second source after, and and a second

price of the bill. there is no evidence the repeat will help. doctor fauci as an example of that. stuart: here is one more thing to deal with, senator ted cruz going after elmo after the muppet pushed the vaccine. what is he saying? ashley: shut it, elmo. back to you. sesame street released a public service add of elmo talking about getting vaccinated against covid. senator chris not a fan. the video shows elmo chatting with his father who concludes getting the vaccine is the best way to keep everybody healthy. in response ted cruz praised the involvement of a parent but elmo came under fire with ted cruz tweeting you than have elmo advocate asked vaccinated children under 5 but site 0 scientific evidence for this. by the way it is not the first time ted cruz had a beef with the sesame street muppet, the

big bird tweet, he received his covid 19 shot, ted cruz took a swipe at him, called it propaganda. i don't think he will be on sesame street anytime soon. we were down 500 on the dow, now we are down $3.20. democrats like aoc took to the streets after the supreme court overturned rovio wade. they are turning into the party of protest. that can hurt them come november. show me bitcoin at 19-1, tens of thousands of bitcoin millionaires have been wiped out in the crypto collapse. we will break down the numbers next. ♪♪

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home, playing that song because national work from home day. 87% of workers can do their jobs remotely, 92 million people could do it. lauren: what day is it? work from home and here we are in studio. stuart: i happen to like the studio. lauren: it is built for you. we want that is flattering but i will take it. the market in selloff mode. we are coming back, we were down 500 at one stage, the dow is down 276, not much of a comeback but a little. let's talk ripped outs. you have been following this collapse. tell me about the crypto millionaires that were. lauren: the worst quarter for bitcoin in a decade, down 60% from bitcoin pricing in 3 months, worst quarter we've seen since third 1:45,011 and

coin desk says 80,000 of these crypto millionaires are no longer part of the 7 figure club. 20,000 wallets, more than one million dollars of crypto at this point, 75% wipe out past 9 months but you have to remember there have been new bitcoin and crypto investors, 13,000 new investors bought into bitcoin and we are heading into this rally, bitcoin control 40% of the market so those that have bitcoin have a lot of them. deutsche bank says 28,000 is where we end this year for bitcoin pricing so you get another 8,000 or so. diamonds and digital gold, jpmorgan says the deleveraging is over at least in the short term, 2 thirds of the market wiped out. have you heard of this grayscale sec lawsuit? that is why bitcoin is being

weighed down below 20,000. the grayscale bitcoin trust which allows you access to the hundreds of thousands in bitcoin they own, that is etf but the fcc says by law we can't call it a spot bitcoin etf because there needs to be more guardrails in place for investors before they do that. stuart: they held up the creation of this etf. susan: this is one of the easiest ways for average investors to buy into bitcoin the last two years and a disk want -- a discount between what the grayscale trust and value of bitcoin compared to how it trades. stuart: the infrastructure not quite right. susan: it is immature right now. still at the early innings. i talked about a lot of these

big hedge funds, not just the millennial crowd, these are established marketmakers saying the sec is behind other jurisdictions when it comes to establishing the rules. stuart: back to 19 grand as we speak. thanks very much. supreme court justice stephen breyer is officially stepping down. i want to know when is he stepping down and who is replacing them? ashley: coming up soon effective today at noon eastern, breyer notifies president biden his intent to retire at the end of the current term. we had the supreme court issuing its final opinions of this term this morning, breyer who is 83, served on the high court since 1994 after being nominated by bill clinton. he's been the second longest-serving active justice behind clarence thomas who joined in 1990 one. once his retirement is

official, judge ketanji brown jackson will be required to take the judicial and constitutional oath and making history as the first female african-american justice on the high court and all of that happening in just half an hour from now. blue one thanks. there's a new ruling came from the supreme court, it was issued this morning, the court sided with west virginia against the environmental protection agency. dan heninger joins me. to me this is the end of rule by regulation, and encourages rule by legislation. kicking at the administrative state. are you with me on this? am i seeing it the right way? >> seeing it absolutely the right way. an extraordinary decision. some would disagree but from some perspectives this is arguably the biggest decision of the term in terms of long-term future of government.

the administrative state is something democrats have espoused for decades if not the entire past century and they've come to use the executive branch bureaucracies as their way of legislating, to a great extent courts have supported the ability of the administrator bureaucracy to make a decision like this. finally the supreme court said the environmental protection agency went too far with the clean power act, running around the intentions of congress. bear in mind the green revolution, president biden's idea that we are going to end fossil fuels, all of this by and large was being done through the administrative bureaucracy, the epa, the interior department, they have to reconsider whether that has to go through the legislative branch which undoubtedly would slow down the green revolution.

this is an enormously important decision. we when the climate crowd will be hopping mad and that is a fact. the editorial there, the wall street journal, the title is the bullhorn politics of roe v wade. explained that. >> reporter: striking to see the marches and demonstrations taking place in the wake of the dobbs decision on rovio wade. the democratic party is beginning to self define as a party associated almost wholly with the politics of street activism rather than normal politics. think back to the summer of 2020 after the george floyd murder there were demonstrations in 200 cities often peaceful but many of them degraded into riots and looting, the democratic national convention that summer there was never any criticism at all of the violence of the street protests.

now after justice alito's decision in dobbs was leaked they had protesters going out in front of his and brett kavanaugh's houses night after night, a fence was erected around the supreme court. the majority leader, chuck schumer, went down to the court and stood there shouting that those justices would reap the whirlwind if they overturned roe v wade. a lot of independent voters, return to normalcy with joe biden and they are getting the politics of the streets and that is going to damage democrats in november. stuart: it was a monumentally important supreme court term with a series of blockbuster -- it is historic, thanks a lot, see you again soon. the greens found something new to complain about, they say space tourism will ruin our environment. we've got the story. private equity firms are buying

up sickle family homes to rent them back at sky high process, boxing would be home buyers out of the market in congress, getting bold, that is next. my little family is me, aria, and jade. just the three of us girls. i never thought twice about feeding her kibble. but about two years ago, i realized she was overweight. she was always out of breath. that's when i decided to introduce the farmer's dog to her diet. it's just so fresh that she literally gets bubbles in her mouth. now she's a lot more active she's able to join us on our adventures. and we're all able to do things as a family.

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every other month and i'm good to go. ask your doctor about every-other-month cabenuva. stuart: california dreaming. that is sacramento, california. a home in the city in san francisco which was once owned by ronald reagan went on the market, the former president lived in the house 1976 to 1985, the sellers want $5 million for it. private investors buying single-family homes across the

country and renting them out at very high rental prices. kelly o'grady is with us. what is congress going to do about this? >> reporter: congress held a hearing to investigate but it is a lot of political theater. a number of things were brought up including tenant protections against eviction, investments in a portal housing but none solve the crux of the issue the private equity firms can afford to shell out. firms gained 76,000 homes, and institutional investors purchased 42. 8% of for sale homes in atlanta, 38.8% of those in phoenix. with the housing market liquid investors can swoop in with an above listing price all-cash offer and edge out first-time homebuyers. it is all about maximizing profits. industry experts argue that leads to rental price increases of poor management and reduced quality of living and this that have lasting impacts.

>> any gain in that value, not to individual homeowners but these companies, shifting equity from individuals to corporations. >> reporter: tenants are not getting out bit on those homes but missing rent from 2018-2021. the percentage of those with missed payments rose from 11% to 19.1% and private equity firms pushing back, not their business model. and demand still skyhigh, they are calling mass predatory purchasing. stuart: new data shows the number of cities with unaffordable rents. what makes a city's rent unaffordable? ashley: when it takes too big a

chunk out of your pay packet, it is according to moody analytics, it is white-hot with prices rising faster than incomes, for renters earning the national median over $67,000 a year and paying us median rental price, rent works out to 31% of pretax pad, that exceeds what they recommend budgeting for housing. renting in the sun belt region includes states like california, florida and texas is becoming increasingly unaffordable. up 23%, dallas 12% and talking sacramento where rents are up year-over-year 8%. getting expensive.

stuart: thanks. stuart: we are having a sensible market. there are still heavy selling going on, 25 of the dow 30 in the red, that means they are down. nasa one step closer to going back to the moon, they just launched the capstone spacecraft which is powered by a 3d printed engine, more on that next. ♪♪

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every search you make, every click you take,

every move you make, every step you take, i'll be watching you. the internet doesn't have to be duckduckgo is a free all in one privacy app with a built in search engine, web browser, one click data clearing and more stop companies like google from watching you, by downloading the app today. duckduckgo: privacy, simplified. stuart: you've got to take a look, that is a selfy taken by a satellite in space. using ago camara. quite a selfy. scientists are sounding the alarm about space tourism, space tourism has a problem for us here on earth.

ashley: the projected levels of more and more spaceflights will damage the ozone and increase annual temperatures in the stratosphere by 4°f and that is the conclusion of a new study that suggests the most problematic byproduct of rocket launchers is black carbon, otherwise known as sort which absorb sunlight and retains heat. it it is estimated rockets used in spaceflight release a baseline of 1000 tons of the stuff puryear. assuming a tenfold increase in launchers in the next 20 years which is expected, researchers say the resulting increase in temperature and the impact on the ozone layer is a recipe for disaster. stuart: it will be a long time before we get an electric rocket, a long long time and i wouldn't travel on it either. still on space, nasa's moon missions are back, rocket labs just successfully launched their new capstone spacecraft. the satellite, it has a satellite on it, that rocket

features a 3d printed engine. the project will explore never before flown orbits around the moon. look who is back. michio kakuwhat is so special about that rocket and the mission? >> space travel is haunted by dirty four letter word, cost. it costs $10,000 to put a pound of anything into orbit around the earth. that is your weight in solid gold. and now talking about rockets that are printed entirely with a 3d printer like the printer on your desk, you can print rocket parts, to drop the cost by a factor of 10, to drop the number of parts by a factor of a hundred. this could be a game changer. we could be witnessing a new

era in the spaceflights when booster rockets are reusable and printed on a 3d printer. stuart: it is private enterprise as opposed to a government department getting the cost of the engine and printed parts down, this is private enterprise contribution to space. when are we going to put people back on the moon? >> nasa is getting the sls booster rocket ready for for a test run to orbit around the moon and shortly after that we will put a woman and a person of color again orbiting around the moon, and after that we are going to land on the moon. watch for it. in the coming years practically every year is going to be a new milestone with regarding back to the moon. stuart: there's very little coverage of this. i didn't know about back to the moon and the sequence of events, nobody is covering it. has space travel last the

public's attention? >> in some sense yes. at the height of the cold war it was us versus the communists. it was the height of the cold war. everyone thought was their patriotic duty to be part of the race to the moon. the wind has gone out of the sales, we are talking about science. we are talking about being able to save the human race in case an asteroid hits the earth or global warming gets out of control. basically an insurance policy for the human race to explore the planet mars and beyond. the dinosaurs did not have a space program, that is why there are no dinosaurs on this program today. stuart: we got the story about space tourism hurting the environment because a rocket launch involves so much carbon being pumped into the air. there is no solution to that, is there? we are not anywhere near an electric rocket, are we? >> no, but we are looking at

different kinds of fuels to reduce the carbon footprint of these rockets. it is something that is being looked at. there is no immediate solution on the horizon but teaching -- people are realizing we have to preserve the planet as we explore outerspace. we won the capstone rocket was launched successfully and the satellite it is putting in orbit is doing okay, is that correct? >> that is right and next month will be the first genuine two space rocket that is entirely 3d printed to be launched by relativity space into orbit. we are talking about a new chapter in the history of space exploration, when costs are going to drop because rockets are reusable and expensive. stuart: that is fascinating, thank you for being here. come back again when we get the next launch.

11:55, you know what that means, time for the thursday trivia question. july 4th is coming up. how many hot dogs do americans eat every july 4, 50 million cookie 100 million cookie 150? 200 million? haven't a clue. we will take a guess and the right answer will come after this. store your things until you're ready. then we deliver to your new home - across town or across the country. pods, your personal moving and storage team. meet ron. that man is always on. and he's on it with jardiance for type 2 diabetes. his underhand sky serve? on fire. his grilling game? on point. and his a1c? ron is on it. with the once-daily pill, jardiance. jardiance not only lowers a1c... it goes beyond to reduce the risk of cardiovascular death for adults with type 2 diabetes and known heart disease. and jardiance may help you lose some weight.

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♪. stuart: all right, here you go. how many hotdogs do we eat every july 4th?

ashley, what's your guess. >> how many pepto bismol bottles downed on july 5th. 100 million. number two. stuart: me too. hundred million. 150 million, enough hotdogs to stretch from d.c. to l.a., 150 million, can you believe it. incredible. my time is up. but i believe neil cavuto eat as few hotdogs himself. what have you got, neil? neil: i could take offense to that. stuart: you could. neil: but i do know a thing or two about hotdogs. you don't strike me as a hot dog either. stuart: no. neil: has to be try triangle shaped sandwiches with the crust cut off. stuart: do i have a show to do? , i do. thank you, stuart, very, very much. we have selloff on corner of wall and broad. middle of a trading day, wrap up