purchase bruce springsteen tickets. >> bruce springsteen had the working class when i was wearing health tech outfits. maria: rights, is that so? liz. >> the working class does not have too many friends these days whether it's pete buttigieg suggested they bite and eb so they don't have to pay so much for gas. maria: great point. dagen and liz, great to see you. "varney & company" beebe get hunter begins right now. good morning, everyone we are getting the latest reports are the biggest and most successful companies in the world i'm going to start with three of the big names there will be more to follow. let's have a look at 3m plus coca-cola and mcdonald's.

all of them i douse stocks on your screen they all reported first thing this morning they are doing well. now look at walmart a huge selloff this is important because walmarts results reflect consumer activity as the economy slows and inflation bites, walmart said people are shying away from clothing and electronics so they could spend their money on more expensive food the stock is down, up eight half% that is taken 80 points of the dow industrials and reducing walmart value $20 billion, as we said walmarts results taken 80 points off the dow which will open up a loss of 120-point that is not so bad when you consider walmart in it. the s&p 500 on 17 nasdaq down 73, a little red ink on the left-hand side. look at interest-rate all the way down on the ten year treasury you are back to 2.73%

that yield is below the yield on the two-year and the recession indicator still there. the economic headline this morning is recession the president doesn't think we are in one or going into what they're trying to redefine a session because they don't want to be tagged with the biden recession label. my opinion the first six months the economy contracted that may or may not meet the data enter definition of a recession but consumers are behaving as if we are in one and can't enter confidence levels continue to fall that is my opinion that is why there's so much skepticism among democrats in the media about biden running for a second term in 2024 there is a rising chorus of joe don't run. just in time for donald trump to return to washington, d.c. he is the keynote speaker of the american first agenda summit. will he declare it feeds running a 2024 and declared today, we will find out.

a very big day, the market is up profit reports recession yes or no, trump versus biden, democrat versus biden, we will cover it out tuesday july 26, 2022. "varney & company" is about to begin. ♪ ♪ ♪. stuart: staying alive, that's my generation. >> she redid it. stuart: we just got real estate information coming at us this is the case shiller home index. >> prices rose and may 20.5% annually across the 20 biggest

cities that is the bad news and here's the good news a decelerated from the april record high that top 21% where are prices gaining the most we did the story redfin everybody wants to move to tampa, miami, dallas those prices up 30% in the past year. stuart: those numbers are old because not to july, it goes back to may that does not present an accurate current picture of the real estate. >> it shows trends that have started now prices starting to come down from april to may and we will see that again as this report catches up to the current times. stuart: i am more interested in what president biden is saying about every session. >> this is what he told peter doocy he does not see a recession. >> mr. president were getting gdp numbers on thursday how worried should americans be that we could be and every session? >> we are not going to be in a recession in my view.

my hope that we go from the rapid growth to a steady growth and we will see some coming down but i don't think, god willing that we will see every session. >> look at the polling numbers he cannot say we are in every session because a democrats pulling to get worse but regardless make the decision for yourself does it feel like we are in a recession i looked at walmart numbers, that kind of says we are not in what technically but it sort of feels like that and people are acting like that. stuart: take another look at walmart eight and half percent, they cut their outlook their profitability outlook and they said shoppers are spending less on discretionary items, clothing and electronics and more on food. that is an important indicator of what the consumer is doing as of right now. let's begin david nicholas market watcher of this morning. our walmarts earnings another

signal that a recession is here or coming? >> i think it's a pretty strong signal when i looked at this report for walmart, more customers are choosing walmart, they want to save money during this inflationary. same-store sales are up for walmart. sales are up for walmart the problem is the only thing customers can afford is gas and groceries and groceries have a much smaller profit margin than higher price items like tv and apparel. walmart is stuck with the inventory that they cannot sail for discount prices. i am hearing chatter if walmarts lowering prices that must mean inflation has peaked but not so fast retailers like walmart or target have to discount peril that is not enough to offset the massive increases we have seen in cpi. when it comes to the fed and the economy i think the fed stays hawkish and we will see that because inflation has not come down enough yet.

stuart: you are issuing a warning about the federal reserve and what they're going to do do you think they will push us firmly into recession? >> no question they have to. the market and the economy did so well over the last year or two because we had the federal reserve on our team now were played against the federal reserve, they are fighting against us they want to bring that man down, they entered they just want consumer spending to drop, the fed is not our friend we see 75 basis points this week summer calling for 100 basis points i don't think were ready to go there yet if the fed takes the pedal off the gas and get the 50 basis point hike the market will rally for that but i think it is 75 basis points we are not quite dcf fed that backs up we will see hawkish bed that is my warning for investors, buckle up if the fed is not your friend. stuart: if that is the warning we will take it and listen to

you. let's get the politics we have a member of the squad that would be cori bush she refused to answer president biden should seek reelection. >> do you want to see joe biden run for a second term? >> that's an easy question shouldn't take long. >> i don't want to answer that question, yeah i don't want to enter that question. he's a president has the right to run for a second term absolutely but i'd rather not do that. stuart: did not want to answer the question but it's pretty clear she does not want him to run sean duffy is with us the whispers are growing louder there are democrats that don't want joe biden to run in 2024 i don't see how he can after this. >> you have cori bush she gave an answer she does not want him to run that was an answer and the problem that he has you on

the far left like cori bush and aoc that do not like him yet moderate democrats i don't like him you independence i don't like them, hispanics, there is no subgroup, there is a lonely place in the white house and when the media is starting to turn and we see op-ed out there from the left wing media groups that are calling for him to quit or not run again it's going to be hard for joe biden to stick in and say i'm going to kick the party forward. joe biden if you remember promised he would be the most progressive president in history. he's not progressive enough for aoc cori bush but look at the progressive regressive policies have given us whether it's massive spending crime, open borders, these policies have destroyed the finances of the american people. i hope americans say i see what donald trump did but what he did for my family and my academy in

my community i want to go backtrack maybe with other tweets but this craziness on the left does not do well. >> it's an opportunity for the republicans if they could be the democrats in congress this november they have an opportunity to go for real growth not tax and spend but real growth i see this as an opportunity how about you. >> it is an opportunity to lay out a dish which kevin mccarthy is talking about now you can't say were going to lower taxes and were going to spend a ton of money republicans are getting on the bandwagon for 250 billion-dollar package, it is a massive amount and republicans have to toe the line at 30 trillion-dollar debt that baby is coming home to wrist ended up beat damage to the economy we have not felt that yet but republicans cannot say we are not as bad as spenders as democrats. cut the budget in the spending.

it's not as bad as that guy a great selling point in politics. stuart: thank you very much for being with us this morning. check out the features i see red ink but it's not that bad much of the loss is accounted for for walmart following eight half or 9% here is what is coming up charles barkley slams critics that saudi back live golf. >> i think it's funny they're worried about consumer rights in saudi arabia wanted a half% of the people of the united states have never been and all of a sudden they're worried about saudi arabia. stuart: hall of fame golfer will react to that, she is on the show later, more than a half-million known got a ways across the southern border since october. is it okay to use the word invasion is that what it amounts

to i will ask dhs secretary chad wolf next. ♪

stuart: about a people on the beach that is in south carolina 83 degrees what do we have next, we have the features. much of that is walmarts loss, nasdaq down 84 let's get to the

border a group of nine republican steward, steve harrigan is in eagle pass texas, what did they see and what did they say? if you go behind me with the drone footage you can see four people stuck in the water in the rio grande tried to make it across illegally into the u.s. unable to complete that crossing we see an airboat trying to rescue them in short order this is one of the dramatic scenes just by standing here over and over again day after day that saw firsthand yesterday they saw crossings and bodies being pulled from the water as well. their reaction was sustained theory especially when they're being told by the administration that this border is secure many lawmakers making the point that

not only current policies inhumane for the migrants but inhumane for the agents working here as well. >> we were standing on the bridge with my right and we see border patrol agents coming to pick 70 up in the river the hazards are real with hoppity to america israel and what's happening to the folks crossing the border many times they are victims. what is shocking to me is how normal the chaos has become. >> as for those who cross illegally, successfully into the u.s. many temporarily are put into stash houses by the smugglers often stash apartments in laredo texas department of public safety found a stash apartment a few days ago were 60 guatemalans were living g and in their and conditions were described as harsh.

back to you. stuart: awful. thank you very much. chad wolf is with us now. we know there's more than half-million guideways that came into our country since october. is it legit to call this an invasion? >> i think it certainly getting to the point and it's important to get hunter put that into context not only do we have apprehension numbers every sickle month and it gets worse and worse but you also have an administration that is not party to place the policies and procedures to get that under control. when you look at it in total and you see 210, 220,230,000 individuals coming across-the-board in the federal government is not doing anything about it i think texas and arizona are seeing that invasion in those numbers coming across the border every day they are throwing their hands up and saying why what the federal government do something. if you are not going to do something then we as state

officials need to protect our communities and citizens. stuart: i tell you right now the america first policy institute summit former president trump is going to speak there later today. do you think he will mention building the wall? >> i think he will focus on public safety and a big portion of his remarks i'm understanding are going to be focused on public safety and the crime and everything works prancing not along the border but in communities all across the country under the last 17 months the policy set forth by the administration that will be a big part of what we will hear were looking forward to the policy focus speech and have the former president here in d.c. stuart: do you think the former president trump will declare that he is running in 2024, do you think he will declare today. you are shaking your head you don't expect it? >> i sadly don't have the

information and i'll certainly let the president speak for himself when he did this country decides to do so we are focused to make sure we put the maker first policies in place and were looking forward to have a president talk about a number of the policies and talk about the crime that we see as public safety threats. stuart: chad will thank you for taking time out of a busy day. we will see you soon. we frequently heard cartels from the border, they run the illegal immigration business and now are finding out there make it a ton of money running the illegal business. are we talking billions of dollars. >> we are talking $13 billion per year. think about it yet the buildout of well-established organized crime network. the migrants pay fees to the cartels ranging from $4000 up to $20000 and we seen an unprecedented number of people coming across the border. cartels actually specialize in logistics, surveillance, transportation, staff houses,

accounting to move people here illegally $13 billion a year, homeland security estimates that five years ago that number was $500 billion, half a billion dollars we have seen this well as the numbers have swelled. stuart: what a terrible thing. >> you see those people cross carrying children and i feel sorry for them but they can get here so they are. stuart: let's get back to. politics for a second, what is this about the new york times op-ed kamala harris is stuck is this whispering against the president. >> and the vice president. this is an opinion piece, the bond between kamala harris and president biden are thin jeffrey frank wrote in this is what he says tampered by mr. biden's unpopularity to be sure that she is also not become the successful public face on any major issue or absence from the executive branch as a crisis

manager and a shaper of policy leads her as a fairly weak air. this is a big deal because biden turns 80 this november. he'll be the only president to turn 80 and office and the author frank sites to other new york times reporters and says what biden did he overlook terraces and experience, i am quoting, he focused on putting together a multiracial coalition instead of an effective governing body. stuart: we will leave it at that. check features the market opens in seven minutes. we have red ink down 140 on the dow in 80 or 78 on the nasdaq. ♪

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stuart: brett three minutes to the opening bell the dow is good to be down, the nasdaq.edu michael lee joins us this morning let's get straight to walmart a digital report, can you tell me what the walmart report means for amazon which reports thursday.

>> it cannot be good walmart has been taking share particularly in grocery, online walmart is an excellent barometer of the overall economy particularly how consumers are doing across america in the message they are sending is dire. you have to ask yourself how much is baked into amazon. mcdonald's earnings were bad and the stock is slightly positive ask yourself how much is priced in. stuart: i would've focus on the retailers that report from walmart was so dramatic. i have amazon of all people down for an half% that is a premarket freedom look at all the other retailers target, lululemon all down in percentage terms this is because of walmart. >> absolutely. the interesting thing about walmart in the supply chain

order leadtimes now these puppies are going to be choking on supply and inventory to sales ratio is skyrocketing at the moment so the supply chain for the most part on the retailers are back to where they should be but demand has fallen off a cliff the cost of food, energy skyrocketing rents has really dramatically harmed the u.s. consumer. it's very difficult time to be retailer you have to ask yourself how much is priced in out of all of them. stuart: how much is priced into the stock price, i got that but surely what's going on with the retailers of ballmer in target isn't that an indicator we are or going into every session the last 20 seconds to you. >> you forget he is the real definition nothing new went to avoid the fact we are in a recession i believe we are in a

recession and i would say this is typically a good time to think about a multiyear investment like a comedy like amazon that is so far off its highs in a really effective business model is time to nibble at stuff like that if we get weaknesses this is what we one-of-a-kind we are actually in a recession energy driven policy driven inflation driven it is a difficult time if you are on the bottom of 50 or 60% in the united states. stuart: we will nibble at some of the stocks that have been beaten down the start of trading this is a tuesday morning i modest loss for the dow down 90 odd points that's not a huge decline by any means if you look at the dow 30 only a third are up two thirds are down that's not a lot of heavy selling buried in mind what we've seen from the earning reports on the

recession indicators the dow is down a quarter percent, the s&p 500 also on the downside about 404.% lower in the nasdaq is down .6 big tech report later this week started with microsoft this afternoon all the big names are down especially amazon amazon is down because ballmer is down some of the big names before the bell that would be mcdonald's, ge and 3m. >> let's start with mcdonald's they raised their menu prices they were able to grow their same-store sales almost 10% worldwide that is relatively cheap you don't dine out you pick up a burger however, expenses searched what if i% that certain their profits. stuart: if you are selling a lot more around the world that's a

pretty good indicator. how about general electric. >> a surprise prophet, did it burn cash, stock is up 2% the ceo larry, since both positioned whether you look at profitability and free cash flow that is weird to say for ge they will continue to improve. >> 3m. >> there spinning off the healthcare business into a public company and that is why the stock is jumping eight and a third% they will keep a 20% stake in the new company and they will have bandages in healthcare it. stuart: we picked on three big names, they all do okay in the dow is only down 70 points. let's go back to walmart from your point of view what was the big news out of walmart. >> how fast the consumer can shift. rich people shop at walmart because you can get a good deal and poor people shop there because you can afford it.

we saw walmart and other retailers brought in all of these goods thinking we wanted them now are spending so much money for the fuel tank in the fridge we shifted our spending. if you flip the screen you could see amazon down, target, tjx which we typically do good when everybody having hundred $5 billion inventory which is a two decade high tjx and the discounters sometimes get the inventory but the thinking is everyone's going to have to discount which will hurt their margins in order to move the product. stuart: good translation but bad for products. >> if your company you do not want that to happen and it shifted fast. stuart: general motors down $33 a share. the 100,000 cars they could not deliver. >> they did not have the chips or the parts so they're not completely finished so they could not deliver to customers that is one piece of bad news the other piece their margins fell to 8% from over 10% a year

ago there is good news think batteries, to make 1 million electric vehicles a year by 2025 and they maintain their guidance because their confidence they could ramp up in the second half of the year maybe try to get the car that you want in your pain $10000 above asking price maybe that situation will change a little bit if they can get the parts that they need. stuart: i'm going to quaint base crypto exchange seven and half percent. >> a government probe bloomberg is reporting this exchange has an sec investigation into digital asset trades and how they were registered the sec says she should have registered them at security and he says we don't list securities on our platform it was also maddox. stuart: bitcoin is at $20000. pretty stable.

i got the alphabet and microsoft they kickoff really big tech companies, the report "after the bell" today, very important stuff everybody is waiting for this. >> i was wondering if walmart ate their lunch and stole their thunder from big tech they talk about the consumer shifting for alphabet and google how are they responding to a weaker economy are they immune we are expecting revenue under $70 billion mark always on the program says if you're going to have a recession resistant company focused on advertising it is alphabet let me show you microsoft, cloud strain like the strong dollar buzzword on these earnings calls also companies and consumers have upgraded their equipment during covid, right after overall from microsoft 13% increase in sales is expected to 52 and a half billion dollars. stuart: expecting a 13% increase

in the stock is down 4.1.6%. >> ww sd what would stuart do. stuart: he is not buying this morning. we will see. we've been in business for five minutes on the big board and we are down 70 points that is not a huge selloff, the level 31900 look at the dow winners headed by 3m up 6.3%, coca-cola nice report they are up, unitedhealth, merck, all on the upside s&p 5003m at the top, 5.6%, es networks up five, cadence designs they serve electronic cars, and xo energy corporation rounded out here's what i'm interested in the ten year treasury yelled keeps on coming down to .72% is that a flight to safety or is that a recession indicator we report and you decide that is the ten

year treasury yelled the price of gold doing nothing 1736 per ounce bitcoin 20900 oil, where is that going up $97 per barrel and nat gas, pay attention to this, $9.31 per million british units i noticed a huge increase and nat gas this week. >> in europe it is 50 or something dollars it is not much more. >> nat gas in europe is something like six or seven times more expensive than is here. they have a problem how about gasoline $4.32 this morning in california an average of $5.70 for the untrue regular. one school district telling to keep the students gender transition a secret from their

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the dow is down 74 points. a must 1% 111 down on this program we have often talk about wall street firms buying up real estate developments all across the country now they have a new target mobile home parks, lydia hu has the story from west orange new jersey, wide mobile home parks? >> stuart it is because they offer a huge and steady stream

of returns based on the 22 million americans that are estimated to live on mobile home parks across the country and the growing interest in investing and mobile home parks with strong interest remaining in the residential homes according to redfin institutional investors purchase 20% of homes that were sold across the country in the first quarter of this year that is up from 19-point to percent in the last quarter of last year, you can see the top ten u.s. metro markets by investor market share you could see at the top ranks atlanta with a third of the property by investors for other cities including jacksonville also making the top ten the trends are concerning because critics say the more investors that are purchasing homes that will undress the prices for all the homes boxing out first-time homebuyers they now with the growing concern about mobile home parks it is bring it up new

concerns for largely low-income americans after investors acquired the mobile home parks they tend to raise the rent for the land on which the mobile homes sit. mobile homes owners own the structure but not the land. for example admin owner enter minnesota by out-of-state buyers grew by 46% in 216281% last year, rent increases for the ground increased by 30% many times mobile home owners are unable to move to new land because the structures are into poor shape to move the home where the cost is unaffordable so it forces the homeowners to choose between pain from increased housing cost oriented in their homes that they continue to buy food and medicine so they could turn around investors residential properties and mobile home parks are similar but there's an

appointment distinction when it comes to residential homes for concern is foxy not homebuyers but for mobile home parks that concern is about uprooting people who could possibly live there for decades creating heartbreaking scenarios. stuart: i see it, thank you very much. mitch rochelle is with us our real estate guy this morning, mitch says the real estate market overall is cooling, what do you mean by that, fewer buyers, lower prices, what is the story. >> more inventory, fewer buyers, remember alan greenspan talked about economic exuberance some of that exuberance has filtered out but there is still more demand than supply there is upward pressure on prices but the pace of price gains is slowing i don't see prices dropping i see them leveling up a bit. stuart: which areas of the country are cooling the most.

>> high-rise urban like new york, san francisco the big condominiums that is cooling the most there's a lot of inventory i would say suburbia is hot places like jersey shore, hamptons or west coast equivalent to those who are cool enough but suburbia is strong employee night in texas i would not say red-hot but definitely hot. i'm interested in fort you put something on the market and you get the asking price in most parts of florida. >> i see the asking price is coming down you have a seller holding onto a six month motion of what prices are and they tell the broker they will distemper that they have to lower that a bit but year-over-year price gains of 35% in some markets are happening the prices have held up pretty well indefinitely more inventory on the market in

florida the people who were holding out for the payday and with a put on the market. stuart: no crash even if we get a severe recession. >> if the recession had really high unemployment and a lot of job losses that could be devastating history tells us that but i don't see that happening with the recession we will have less consumer demand but the inflationary. rents are through the roof, lydia talked about it with mobile home that rhett is through the roof, many places in the country like suburban atlanta it is probably cheaper to buy than rent. stuart: that is interesting thank you very much. a question which generation save for retirement first, baby boomers, jens the, millennial's

i don't know. >> i feel like it is trivia. >> it's millennial the grown-up we can stop picking on them. but why are millennial's saving for retirement putting money into their 401ks before the older generation. they want to retire early enjoyed life and travel they do not necessarily want a home charles schwab did a survey only 48% of millennial's want to home that compares to generation x and older americans they would rather island hop, work from home all different home and save money for the golden years. stuart: we have to tell these youngsters if you're in a corporation get into the 401k don't walk away from it. i tell my children that. a new report shows more people plan to dip into their retirement savings early and continue working. >> doesn't that say how tough life is when you're paying for

things 42% save a file early for social security benefits while also working because the cost of living has gone up so much in the cost of living social security benefit for next year is expected to go from five or 6% to ten and half% that's how expensive it is to live right now 70% worry social security will not be there when they need it. stuart: i disagree no way on god's green earth that any politician will allow social security to go belly up. not going to happen. we are out of time. following the recent shootings across the country one state paving the way for staff to carry firearms on public school campuses we will tell you where that is happening look at president biden facing backlash for gas price savings byron donnell will unpack that later

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stuart: a few minutes from now the latest read on consumer confidence the biggest economic indicator test of the week edward lawrence at the white house. administration seems like they're trying to get ahead of the data which might have been bad, what are they saying. >> that's what they are trying to do. as you said consumer confidence will be the first critical piece of economic news that will come out this week that number expected to be lower the white house is trying to rename every session calling a transition and in the transition there will be slower growth that is expected the administration official telling us they expect under 2% growth like the obama administration, president joe biden competent we are not in a recession. >> we are not into recession in my view, the employment rate is still one of the lowest we have had in the history 3.6 area.

we still find ourselves in people investing. my hope is we go from the rapid growth to steady growth. >> he and his administration are working hard to convince people that a recession will not come but large banks are starting to forecast in a possible recession, inc. of america, deutsche bank, goldman sachs a few of those that are doing that republican say this president does not want to admit failed policies. >> we are going to be dealing with higher cost and revenues down, the classic case even if things have been good on the sugar high where government stimulus in the fedex automating it the indigestion is here you cannot change the definitions. as you know, as you said the federal reserve put the decision out tomorrow and thursday is the big gdp the first look at the second quarter gdp numbers.

stuart: it will be interesting, thank you very much indeed. a quick check of the market, the dow died 120, nasdaq not probably not a bad but down 1%. here is what is still ahead charlie kurt, brian kilmeade, and congressman byron donalds. the time clock hour of varney is next. ♪ ..

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♪♪ stuart: good morning. it is 10:00 eastern time. straight to the money. i see some red ink. the dow down 120, nasdaq down 120. this is earnings season. we are in the middle of it. whichever way any of the tech companies go could affect the overall market. as we walk up to those earnings

the dow is down 120. the yield on the 10 year treasury all the way down to 2.72%. is it a recession indicator? i don't know but the yield is down. oil $97 a barrel, bitcoin at $20,900 a coin. that's the market. we just got a read on consumer confidence. one of the most important indicators of the week. do we have the number? lauren: it is disappointing. consumer confidence 95.7 in july. a year ago we were at 128. 95.7 is consumer confidence. stuart: that is a disappointment. state of the consumer is not great. how about the new home sales. lauren: they felt a seasonally

adjusted annual rate of 590,000, down for 5 of the past 6 months. stuart: you said 598,000 on an annualized basis. there is weakness in consumer confidence and new home sales. lauren: it's not moving the markets. may be the message to the fed is the economy is doing the job. stuart: it could go either way, good news can be bad news and bad news can be good news, the dow is down 142 points. now this. the democrats really don't want president biden to run for a second term. a whispering campaign undermining his authority. it is not a whisper, it is a roar. the washington post op-ed says quit, joe, quit. make the declaration now that you are not running into thousand 24. that got a lot of coverage. the wall street journal, biden's dithering irks white

house staff. they see their own careers bound up with the president's failures, some of his aides saying he's not decisive. 's representative, cory bush, member of the left-wing squad, you've got to listen to this. >> you want to see joe biden run for a second term? >> it's not going to take long. >> that is not -- don't want to enter that question. is the president and has the right to run for a second term absolutely. i don't -- stuart: she did not want to answer that question. not hard to see she does not want president biden to run for a second term, she's desperate to avoid saying it. speculation about whether he's running or not has been out there for weeks and getting louder. a guest essay in the new york times says vice president kamala harris is stuck unable

to establish a successful role in any issue because of biden's unpopularity, she's hampered by them. you added up, you have a democrat party that wants its leader out of the next presidential race and vice president who is not a viable alternative. second hour of varney just getting warmed up. ♪♪ stuart: special guest with me this morning. a man who may be the president of the united states in 2040. a young lad named charlie kirk. you are the guy who organized turning point usa, you organized that. we created you. >> i give you full credit. stuart: have the democrats

abandon joe biden? >> you are seeing private conversations manifest publicly. cory bush, the democrat operatives are starting to scramble at who's going to be the next candidate. smart money is gavin newsom. he represent the worst run state in the country and so is illinois. there's going to be a mad dash for the democrat primary. they want to keep it a back burner issue until after the midterms but they have to have an explanation why they don't do well in november and they will pin that on president biden. stuart: i am sure they are. donald trump is back in dc at the america first agenda summit. is mr. trump going to declare the presidency in 2024 today? >> i don't think so. i think he will run in 2024 and be tough to beat.

we had our straw poll with turning point students, 5,000 students, i was shocked by the results, donald trump won 78% of the vote of our attendees, these are the activists, the organizers. the media is improperly framing this. they said desantis lost. the next question, if trump does not run then who? 83% want ron desantis if trump does not run. usually that question is 20% or 30%, very decentralized, to have someone win 78% on the first question and 83% on 3% on the second question shows this is a trump party still and desantis is a true ascending figure and the republican party. blue one he speaks at what time today? >> noon or one:00. stuart: just after our show ends. i want to talk about your book, it is called the college scam. i've read parts of it and i am

told you are encouraging people skip college and start a business. >> ortega gap year or go to community college. what i do in this book is indict the four year college industry. look at one number in particular this should because for concern for everybody. 40% of people that enroll in college drop out. 40%, it is on the department of education website. of the one they are left with a student loan -- >> nothing to show for it. you have a 40% of getting food poisoning, how is this place still in business? maybe too many people are going there, the second number is interesting, if they graduate 42% end up getting a job in a job that doesn't have a college degree so if you have a massive amount dropping out, another fair amount getting jobs the

don't require a diploma and on top of that how many get jobs in a field their degree was not in the so to put this in perspective out of 23 million active college students in america, 5 to 6 million will end up graduating, getting a job it is agreed they studied that requires a college degree. in any other industry we would call that a scam. stuart: the college scam written by charlie kirk, president in 2040 or maybe 2044. we've got to get you back to the markets because they are not doing that badly. these earnings reports have been pretty good overall, nasdaq down a hundred points, that is one person. scott shellady, consumer confidence at 95.7, lowest read since february 2021. the consumer seems highly pressured. would you express it like that?

>> i would. being attacked from all sides but i'm waiting for the government to try to re-define consumer confidence and tell people they don't feel as bad as they feel. that is happening left to right and center with the recession we are in. we will get those numbers thursday. we will see the fed raise rates tomorrow. i have never seen it happen. the consumer is being squeezed and no way out in the short-term. everybody that asks me what they should do the only thing you could do is sign off because your money is worthless, you will lose 5 grand every year to the inflation we've got now and you have to find a way to save and make more at the same time. this is the situation the consumer is in and the housing market is feeling poor because their house is going down. where are they winning? stuart: i want to make the point this may be an

opportunity. of the polls are correct and democrats go down to significant defeat in the house and senate in november doesn't that open the possibility of a change of course? forget for tax increases, forget the big spending, maybe we could go with a republican congress for growth. isn't this an opportunity here? >> 100% midterms are going to make a big difference. there's an opportunity in front of our faces but it was put simply on one of my production meetings, when you shut off funding as capital to fossil fuels you shut off your economy. you cut your nose off. that's the problem. we shut off funding, the fossil fuel markets and now to the food markets because of what fossil fuel does as far as pesticides and fertilizers we are committing harry carey on our own society. we have to switch course because this is unsustainable. we can't have the war on fossil

fuel in the war on food and grow and prosper. stuart: change course the sooner the better. thanks for being here always. back to stocks that are moving. lauren: their numbers were stronger-than-expected. they are shipping less but charging more. earnings rose, they increased share repurchase. volumes are slowing down. stuart: i would expect travel companies to have a hard time. i'm looking at allegiant. they are travel company. they own an airline. lauren: they own allegiant air. they cut their profit outlook because of high costs including cost of fuel and they said planes consume $9 million in extra fuel because they are hauling more people but also paying more to do that. stuart: $9 million. shopify.

lauren: stock down 14% because they are cutting 10% of their workforce, a thousand jobs. online orders are slowing down. most of those workers are gone by the end of today. pretty immediate. stuart: down 14% on stock. energy department giving general motors a lot of cash to build a battery factory. lauren: $2.5 billion for gm to build out battery plant in ohio, michigan and tennessee. the first loan from the energy department since tesla in 2010 so these are three plants the create 5000 permanent jobs. it starts in ohio and to spend this positive we need to secure our own supplies. of the future is electric can't get these things from china.

stuart: the president of mexico told americans to cross the border. many of them are taking up on that offer. we will tell you how much they are saving. homeless shelters overrun with migrants from the border and mayor eric adams is placing the blame on border states. the governor of florida calls out china for buying a property in the sunshine state. >> companies have ties to the ccp and it is not always apparent on the face of whatever company is doing it but it is a huge problem. we want to cut ties so we are not funding our number one adversary. stuart: the attorney general of florida deals with that after this. ♪♪

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and take advantage of our special offer of no payments for eighteen months. stuart: president biden is expected to speak to chinese president xi jinping. what will they be talking about? >> a variety of hot topics. president biden teasing the conversation would happen soon. among the topics where he intends to rollback sanctions on the chinese regime and whether nancy pelosi will travel to taiwan. china says it has concerns about the speaker's potential visit and china would take firm and strong measures but there is bipartisan support for pelosi going to show strength. >> we need to be muscular when

it comes to china and they can't tell us where we can or can't travel. if there's a private conversation it should have happened before the announcement of the trip but she made a commitment. >> reporter: republican senator ben sass says she should go to taiwan and president biden should make it clear to chairman xi that there's nothing they can do about it. no more feebleness and self deterrence on the issue of tariffs. there is some bipartisan support for keeping them. >> the reality is we need more tariffs, not less. >> we need an industrial policy with the incentive and stopping the chinese dumping to rebuild our productive capacity. >> the timing of this conversation has not been announced but we expect it sometime this week. stuart: the governor of florida, ron the santos says china is buying up florida real estate and that is becoming, quote, a huge problem.

ashley moody joins me now. what kind of property poses a threat? farmland? land to build a factory on? single-family homes? where is the threat? >> look at the volume. what is shocking the leaders in florida is for 14 years florida has been the number one state of foreign investment in our land. last year alone there was a 6. one billion investment in land from foreign investors, 24% of that was right here in florida. when looking at the type of land being bought, what presents a challenge is is it in a military strategic area? is this farmland we are relying on fora domestic food supply? i heard you talking about biden meeting with the chinese leader. we are in a there is no doubt we are in a deadly strategic

war with china. the problem is they are the only ones playing offense and defense. i wonder if our leaders are paying attention. stuart: are you going to stop chinese folks buying single-family homes? stop chinese companies buying farmland? stop them building a factory in florida? you've got to show me a threat to florida and the nation if you want to stop them doing this. >> great question at this is why i value and appreciate leaders like governor desantis who are looking at strategies, the number one killer of working age soldier fighting age of americans is fentanyl, the precursors come from china which is why we need to declare it a weapon of mass destruction. they are providing equipment for our ports. i visited with our ports. i know there are security risks

and they are bottling up our land. it is right for leaders like governor desantis, our president if we can get his attention to talk about these things, no doubt we are vulnerable and need someone to pay attention. stuart: will you turn around and say we don't want chinese investment in florida? >> we need to look at states that required disclosures if you are buying agriculture property. florida has no restrictions. china does have restrictions on foreign investments. there is no doubt our policies are self-sacrificing, outdated, they leave us vulnerable and we need leaders to look at the data, pay attention to what is going on strategically and be firm in how we are moving forward. stuart: new york city mayor eric adams admits that new york city is overwhelmed by an influx of migrants.

>> our system is inundated with those seeking shelter because of the callousness of those other states who push them out. schools are going to be impacted. our healthcare system is going to be impacted. infrastructure is going to be impacted. we are willing to do our job. stuart: he is blaming border states. is the right to blame border states? >> this shows you a lack of strategic vision by some of these democrat leaders. we have been saying all along, when i visited the border with governor desantis, 7/10 were crossing illegally. we sounded the alarm. how are we going to support health? education? $100 million incarcerating those illegally committing crimes.

when we have absolutely no law enforcement at the border. this happens in american cities and states where democrats refuse to import the law and shocked to see the consequences like rise in violent crime, rise in murder rates. this is part of the same pattern when you put executive radicals in charge, they don't follow the law, don't uphold the rule of law and are shocked when their communities suffer. stuart: we hear you, attorney general of florida, thanks for being with us. more people are driving over to the mexican side of the border for cheap gas. how much do they pay in mexico? lauren: in that particular station $3.11. mexico imports oil from here so the oil comes from texas and texans are driving across the border and paying less in mexico. it doesn't make sense.

the president of texaco has invested in fossil fuel infrastructure. giving subsidies, tax breaks, doing what he can to bring down the cost so americans are going there to fill up. the cost to fill up in texas is $3.83. if i told you californians are driving across the board you wouldn't be surprised but folks in texas are too. stuart: charles barkley calls out critics of the saudi backed live golf league. >> they are more worried about civil rights in saudi arabia, 9% of people in the united states, worried about civil rights in saudi arabia. stuart: and echo sorensen is on the show. i will ask. billions of dollars pouring into kentucky's economy is all about urban.

grady trimble on the bourbon trail and reports after this. ♪♪ ♪♪ if you used shipgo this whole thing wouldn't be a thing.

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stuart: the market shows some reading, the dow is down 99 points, the nasdaq down 168 points. i want more information on new home sales which we got earlier this morning. there is a sharp drop in the median selling price of new homes. lauren: it went down to -- from april's high of $457,000. that's a pretty sharp drop. we are seeing supply, a lot of homes on the market, big jump in inventory by what we've seen. prices coming down, supply going up, a somewhat more normal environment. look at lumber liquidators. home depot and lowe's down today because new homes won't require as much new stuff. stuart: consumer responding to inflation and a slowing economy.

ubs is down 10%. lauren: swiss bank and wealthy clients on the sideline, $12 billion in outflows from asset management business and investment banking revenues fell. stuart: coca-cola down - they are up. lauren: they looked at for your outlook and they do half of their business, movie theaters etc. . consumers are spending more money. coca-cola's average price increased 12% double digit inflation. we are paying it. stuart: got it. back to this story. nba legend charles barkley slamming critics of the live off league. >> i think it is funny they are more worried about civil rights

in saudi arabia -- you don't worry about civil rights of people in the united states but when guys start taking money i am worried about civil rights in saudi arabia. worry about civil rights in the united states. let's worry about that before we worry about saudi arabia. stuart: and echo sorensen is a hall of fame golfer, great pleasure to join you on the show. you are champ. >> i listen to you all the time when i take the kids to school. stuart: i would have given you the entire show if i had known that. live golf, exploring women's golf tournament and i believe they are exploring during mixed tournaments. would you join that? >> interesting time for golf but i would listen to any opportunity especially for women's golf so let's see what is on the table.

stuart: you think live golf is good for the sport overall? >> i'm confused about it. i don't see the benefit. it is a club of 48 players who may be have their best times behind them playing for a lot of money. i don't see growth or charity aspect of the game. right now i don't see the benefit. we should find a way to work together. stuart: that is what you are looking for. long run they exist side-by-side, that is what you want, long-term both together cooperating. >> absolutely. that would be the best scenario. golf is on the rise. all about different leagues and competition but needs to be

stemmed are right way and sustainability. youth around the world, can people be part of it, we talk about inclusive everywhere, if we can do that. stuart: got you interested. if you listen to this show taking children to school in the morning i will give you a commercial because i believe you have a sparkling cocktail company called for is fizzy bees, ready to drink cocktails that you're coming out with now. this is is a business show or so i will ask business question. do you own part of this company or are you just marketing for it? >> i own a lot of the company. we came up with it during covid. i was making drinks and he was tasting it. kathy johansson, a business entrepreneur but i have an

idea, cocktails and a can sweetening with organic honey. we are selling in ohio and starting to sell in tennessee and some grocery stores in ohio and taking a front row in my business. i am a big part of it. won't last very long. we make progress. it has been a lot of fun. i will send you some samples. stuart: please do. it is great to have you on the show. you are a great golfer. to be in business like this you make a ton of money. thanks for being with us, see you again soon. >> any time. stuart: the bourbon industry in kentucky booming, bringing billions of dollars into the state's economy.

guess where grady trimble is? the jim beam distillery in claremont, kentucky. what is behind the urban boom? >> reporter: it is affordable for most people anywhere in the country, fairly easy to get to and interest in bourbon has surged in the last several years. we are at jim beam and joined by two gentlemen who are the great-grandson and great great grandson of jim beam himself, fred and freddie, there is talk about making the place, we are in your restaurant, new facility, the bourbon trail, the napa valley, do you buy that? by that? >> i do by that a lot. there's a lot of synergy in the area, 50 distilleries, before that, a number of distilleries

and we have this spot where we can take that further with cocktail pairings. >> reporter: you took us on a tour of the many distilleries. i don't know what the proper term is but i hammered it into the barrel and we signed our names. for you, i know that they dropped tariffs on american whiskey in addition to building this place up you spend your life trying to market your bourbon overseas. >> i traveled the world educating people introducing them to urban and there's a lot of folks who have a lot of interest in the product we make in claremont, kentucky and a lot are coming here to make their favorite bourbon. stuart: i learned a fact doing research for this story that

there are twice as many barrels of bourbon in kentucky as there are people. maybe you can put that in your trivia question. stuart: a wonderful statistic. you should have said bourbon is classic all-american liquor unique to america. >> reporter: they would attest to that. stuart: bruce springsteen has been called the voice of the american working class but some fans are bashing the boss for charging $5000 for concert tickets. we will tell you how ticketmaster is responding to that. china spent the last decade trying to undermine the federal reserve. edward lawrence has the story after this. ♪♪

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stuart: hulu, which is owned by disney announced they would not run some democrat political ads ahead of the midterms. which adds will they not run ny? lauren: are ads that hit republicans on their response to issues like abortion and gun control, they are considered controversial so they are not airing them. they are a digital provider not bound by the communications act which requires broadcast to give political ads equal access. i think this is interesting from hulu because they are owned by disney and we know their stance on a lot of things.

they were shown on abc and other properties but not doing so at hulu. don't know if it is management making that decision but hulu standing against the grain. stuart: a new report shows china has been secretly targeting the federal reserve for more than a decade. you are digging through this report. tell me more. >> reporter: the report shows the federal reserve is a target of information theft. a sustained campaign against the federal reserve system. the fed lacks the policies and procedures to block or prevent these attempts. this report was released by the minority staff and shows china may have recruited one or more federal reserve employees into its talent plan. one person was forcibly

detained four times in china and threatened to turn over information about us monetary policy. they open a thousand investigations into the plan to steal technology from the universities in the us outlining a relationship between federal reserve and chinese media and chinese universities. fox business obtained this letter to senator rob portman, ranking member of the government affairs committee. the response said they educate staff about threats and invest in technology and prevent steps. the letter says they take seriously violations of information security policy and investigates thoroughly and defending the investments the fed made adding we reject any suggestion to the contrary. this is a topic of conversation when the fed chairman comes back took testify. stuart: thanks very much.

this is interesting. a new poll shows the five most popular senators are all republicans. who are they and who says they are the most popular? lauren: senators the most popular in their states, states where president biden is unpopular. it shows senator john barrasso of wyoming get 70% approval, the most popular senator. fellow wyoming senator cynthia loomis at 63%, south dakota senator mike brown and john for the net 6% and north dakota john homan. stuart: republicans are popular in rural areas, taiwan holding military drills as china ramps up warnings about speaker pelosi's visit to taiwan. should the speaker change course? donald trump will return to dc

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stuart: let's have a look at walmart because this is upsetting the apple cart, walmart came out with a report that people are not spending much on clothing and electronics because of inflation and the slowing economy. they are buying more food and profitability goes down. 10:51 of the button, time for brian kilmeade. donald trump returns to dc, president biden is picking a fight with him. look like a head to head fight in dc. >> why does president biden want to fight donald trump with inflation and the ukraine war in zelenskyy saying the president is playing for time, why is he looking at challenges

with china with nancy pelosi going to taiwan? because it is easy. it is distraction at he wants to say i am the guy who beat him last time, i can beat him again. that was painful in to see him go in a stilted way, the proper slightly above camera and he wants to take on trump and show the cory bushes of the world and gavin newsoms back off of it is my gig when at 79 he can barely do it but for trump it makes sense. this is his agenda, his greatest strength is the stuff he did and the policies he implement it, the certainty he put them into use and the people around him understood his agenda. this makes total sense. at the very least if donald trump is or isn't on the ballot, if republicans are smart his issues will be.

that agenda works for the country. stuart: do you think donald trump going to dc is going to be there today, will he used today and the speech today as an opportunity to declare for the presidency in 2024? do you think he does it? >> no. he is too smart for that. he wants something dramatic, coming down the escalator will live in infamy, a major setting with 20, 40, 60,000 people in alabama is the place he will announce. if it is september which is 3 months too early, does not work for the party's advantage to do it, don't know anybody who thinks he should. i don't think late july middle of the afternoon make sense in washington dc, just not his speed. stuart: i want to talk about taiwan. we've been seeing pictures of the air raid warnings in taiwan. this is all about nancy

pelosi's visit to taiwan, the chinese respond with threats to taiwan. do you think the speaker should be going to taiwan? >> don't know what prompted this but i support her going and she can't not go because the weakness by backing off, i don't care about her or the party, she represents the country, third most powerful person in the country. if she backs off, you know what that is saying to australia and india? we can't compete, we are the only hope this world has, economically, militarily we are superior in every way, start acting like it. we want to go taught taiwan we will go to taiwan. newt gingrich was out with this yesterday, he said i went there in the 90s. they are more belligerent now. what are they going to do?

we are going to taiwan, get them the defensive weapons to defend themselves against china and i think china, look what happened in russia and seeing they thought the red menace and as much as they are making progress they have been humiliated on the battlefield. rusting old power and we are seeing it and on some level china hasn't had a conflict since vietnam when they tried to teach vietnam a lesson, belligerent about something else and it didn't go well. what makes them think the wargames they have been practicing the last 50 years, do they want to be brought down to earth? stuart: i am out of time, see you next week. programming note, new episode of american bill tonight on fox business prime, here's a preview of the lunar module. it was a puzzle inside a

puzzle. a story of groundbreaking engineering. >> a couple something people thought was impossible. stuart: back room feuds. >> they were arguing. stuart: hearts dropping drama which how they built the apollo lunar module. that is american built at 8:00 pm eastern on fox business prime. florida congressman byron donald, steve hilton, all the handwringing about inflation and recession, sure sign of policy failure. we are in a mess and this administration will not get us out of it. that is my opinion, "my take" next. ♪♪

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change the consumer is being squeezed. you have to find a way to save and make more at the same time. >> we are going to see inflation, still hasn't come down yet. the economy did so well because we had the federal reserve, now we are playing against the federal reserve. >> democrat operatives, there's

going to be a mad dash to the democrat primary. they have to have an explanation why they don't do well in november and they will pin that on president biden. >> no sub group likes joe biden, lonely in the white house. >> will be hard for president biden to say i will take the party forward. ♪♪ stuart: upbeat music to start the show. 11:00 eastern time, tuesday july 26th. very big week in finance. the nasdaq is down one hundred 50 points. little red ink for the dow down 60 in the same for the s&p, down 26. walmart cut their guidance because of relatively weak spending. this is how the consumer is responding to inflation at a

slowing economy. walmart is down 9%, taking 80 points off of the dow industrials. the 10 year treasury is making news, look at the yield down 2.75%. is that a flight to safety? are recession indicator? it is a low yield on the 10 year. all this handwringing about inflation and recession is a sign of policy failure. the government spent too much money, the federal reserve printed too much money. we are in a mess and this ruling democrat party will not get us out of it. you can't tax and spend your way out of stagflation. what will get us out of this? it is time to pivot toward a policy of growth. the wall street journal says take all tax increases and plans for new entitlements off

the table. end the war on fossil fuels, make trump's tax cuts permanent. put a moratorium on all new regulations. that would be a democrat nightmare and the biden team wouldn't dream of doing any of it even as they real from stagflation but if they lose control of congress, the alternative to stagflation is growth and prosperity. third hour of varney starts. steve hilton joins us this morning. the administration can't turn this around but republicans can. what say you now? >> you are right but it is not going to happen.

even if you get the republicans taking control of the house and senate, the house looks likely, the senate seems a stretch, that won't do anything because biden will veto anything because they are captive to a far left ideology. practical measures you outlined are not going to happen and it goes back to the mistakes they made at the beginning of this administration. they say the reason we have inflation is the pandemic but even in that excuse you find there mistakes because it is true the pandemic reduced supply, dramatic shutdown, wasn't enough supply. instead of measures to increase and boost supply, they do the opposite, increase demand with spending so increased demand because of their giveaways.

you are completely right. we need that classic progrowth agenda but i don't see that until 2024. stuart: won't happen anytime soon. the white house hired a google executive to be that beauty national cyber director. sounds like a top job to me. is that a conflict of interest? >> yes, but washington is full of them. it is called the swamp. we have swamp fortune, one of the main features is the revolving door between big business and big government and you see through the administration. industry after industry they spend time in the industry going into the administration where they learn to advance their company, go back out again, lobbying as well.

the worst sector where this happens is the military-industrial complex, the same thing, the fusion between the defense department, the pentagon and arms manufacturing. this is not unusual for washington. stuart: big tech companies are in line with administration policies, virtually in lockstep culturally and economically, they see to why across the board. >> these organizations you can tell from political donations by their employees, way to the left nearly 100% supporting democrats but the other thing is when they came in the biden administration says they are tough on big tech, antitrust, breakup facebook and the rest of it, that agenda is run into the sand. you see them cozying up.

an interesting sign of the times. stuart: steve hilton, we will be watching your show, the next revolution sunday night, 9:00, 10:00 eastern on fox news. see you again soon. back to the markets. the man of the hour, market watcher of this day is mike murphy and he graced us with his presence in new york city. that is your camera. big week for earnings. hits and misses so far. spell change >> walmart was 117 a few weeks ago. it rallied into this earnings and when they talked down future guidance the stock came down but hasn't gone down to 117 but i'm watching that closely. of it holds that it will be back to 130 soon. blue one that is the miss. you got a hit?

>> 3m put up a good quarter and a lot of companies that miss, you want to hear not just guidance but there buybacks because ceos are sitting there. they are not regular joes, advanced seems of people know how to deal with inflation, rising interest rates, what levers to pool as far as him and a goes and stock repurchases or other things. in a weakening economy these ceos should be able to maximize shareholder value. stuart: it is a weakening economy. earnings reports are not that bad. we picked out some winners but overall they are not doing bad. >> i am with you. a lot of ceos have the ability to talk down their guidance. it is accepted we know there is inflation and supply chain

issues. rather than give a rosy outlook they can temper their outlook and hopefully surprise. stuart: two big companies microsoft and google. what do you expect? >> looking at microsoft, a strong quarter, stock has sold off a bit but i don't expect anything negative from microsoft. i see weakness. stuart: why is it down? >> a lot of people are thinking if the ceo talks down the back half there could be more of a selloff. we are in a downturn and things, we are not in a screaming bull market. the bat from investors is it will be a week quarter. stuart: isn't google the cheapest of all the big tech stocks?

>> it is but a lot of times these companies are valued differently. the revenue comes from a slowdown, it was interesting to hear what they have to say. stuart: stuart: i shouldn't purchase more micsoft. >> yes. stuart: are you going to do it? >> i own microsoft. i talk a lot, i.e. it my own cooking. great way to play this market, things could get worse, things could get weaker. purchase a basket, the entire basket. big tech will lead us out of this. whether it is today or tomorrow or amazon we hear from thursday, big tech will lead us out. rather than picking the one stock that will do it out okay your money to the entire basket. s&p is a great place to be and that will lead us out of here.

stuart: i might just do that. back to lauren with the movers. lululemon, yoga pants people. lauren: they want to double their men's sales, they are an athletic company, let's continue this walmart conversation. this sends lululemon down 4%. they are in china and that's why it is on screen. one more, piper sandler came out with the neutral radiant stock is going up 310. stuart: because of walmart. show me shoe we. lauren: they say this is a stock.

the churn in the industry cut them today. stuart: how about roku. lauren: they are cut to underperform, they will buy as many televisions and advertisers scaling back. stuart: who buys tv sets these days? they watch things on this. you can't get grandchildren to turn the tv set on. lauren: they don't plug their phone into the tv. stuart: thanks very much. you could own a piece of space history, astronaut buzz aldrin putting space memorabilia on auction including the jacket he wore to the moon. gun manufacturers caught on capitol hill, grilled about their role in mass shootings.

byron donald's is on the committee that will do the grilling. maryland's largest school districts will allow students to change gender without telling their parents, the latest example of school leaving parents out of the conversation. ♪♪

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stuart: interesting line. take your progress. john rich's new song called progress, number one on the itunes charts.

he was inspired to write that song because he was frustrated by progressive policies. the price of bruce springsteen concert tickets, what is the problem? lauren: ticketmaster defending themselves and their $5000 bruce springsteen tickets because of their dynamic pricing structure, saying this is consistent with industry standard. fans aren't having it, fans who glorify bruce springsteen because bruce springsteen glorified them, the working man, he should have held the line here. the average ticket price for a bruce concert is $202 so only some tickets are being sold at $4000, $5000. stuart: front row seats. lauren: but this isn't his style and they have a point. i love bruce springsteen and

have been to several. stuart: you wouldn't have $5000. lauren: i wouldn't pay $1000. stuart: a headline for you. this is a must see. democrats declare needless emergencies on covid and maybe climate change to grab power. carol markowitz wrote that. are you saying that the lockdown was a mistake? the policy of locking down was bad policy? >> absolutely, that's an easy answer. locking down was the biggest disaster in my lifetime from the government, worst thing we could do, didn't stop covid at all, hurt so many aspects of our economy, people died because of lockdown. it was a disaster. the question is what is an emergency? today, we've got to get out of here, this is an emergency and

make a run for the door. that's not what government is calling an emergency. president biden was debating whether to call climate change an emergency, whether it is is not relevant. it if you declare and if it is not you don't but don't talk about when you are going to declare and or what to ask for. none of the prescriptions to deal with this emergency would do a single thing to help it, not even the green new deal would stop climate change. stuart: it is a power grab. >> i want to know what powers are used for. they have been corrupted in so many ways. an example, new york keeps extending their emergency powers. governor huchul extends emergency powers. one of the powers, no big

contract because of the emergency of covid so she gave a contract for at home, a big donor, we have no oversight over any of this, they do whatever they want to. we need to stop it now. stuart: parents being left out when it comes to school. maryland school district band staff telling -- about gender transactions. facebook guy suggests listening to parents online conversations and warning signs that unhappy parents could be organizing but they are left out. >> it is while. parents have become the enemy, it used to be parents and teachers had a close relationship sentiment to work together for the betterment of the student, now parents are the enemy, you don't tell secrets to, you keep kids

secrets at school. i was telling my in laws, how parents are not being told what is going on in schools and secrets being kept from parents. they are rational people and were shocked by this because it is shocking to keep these from parents. stuart: can you see any reason teachers should be involved in secret in deciding the gender of element we school children? any reason for that at all? >> anytime an adult has a secret with the child, that is not their parents, that is extremely creepy and no reason for it. parents should be involved in their children's lives and you have 7-year-olds who come out, the teacher keeps this secret. it is unacceptable and parents need to understand they are

being targeted. it is not a joke or something people say on tv this is literally happening across the country. you should fight it right now. stuart: thank you for keeping us informed. mississippi making changes that would allow staffers to carry guns on public school campuses. lauren: the board of education updated a policy that only law enforcement could carry guns on campus but on the aftermath of the uvalde tragedy they voted in a way that would pave the way for teachers and staff to carry. not every teacher, not every employee but if they have enhanced concealed carry license they would eventually if the school allows be allowed to carry from campus. stuart: i have heard it both ways. lauren: it is a polarizing issue and it will be a midterm issue. stuart: big supporter of the second amendment but not so sure i want them in schools.

critical race theory being taught at certain academies. lauren: all 5 military academies from west point to the coast guard academy in connecticut. critical race theory and sunway, shape or form, that monitors that. critics say you don't want to do that, you don't want to divide people on race and gender or teach people america is evil because then what are you fighting to defend? stuart: it has no place in the military academy. lauren: they are using some form of training. 135, nasdaq down 170. check bitcoin, a one week low, $20,800 and the yield on the treasury, 2.75%.

the big story of the day. we told you about disney's around the world adventure. the greens calculated carbon emissions for the trip and they are furious. the white house bragging about saving drivers $35 a month, gas prices fall. byron donald takes that on next. ♪♪ money money money ♪♪ always money ♪♪ in a rich man's world i had been giving koli kibble. it never looked like real food. with the farmer's dog you can see the pieces of turkey. it smells like actual food. as he's aged, he's still quite energetic and youthful. i really attribute that to diet. get started at longlivedogs.com your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed.

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stuart: we are showing you port canaveral on the space coast in the music walking on the moon by the police because a piece of space history hits the auction block today, the jacket that buzz aldrin war to the moon. it is not his spacesuit. it is the jacket. it is expected to sell for $2 million, the only clothing item from the apollo 11 mission that is still privately owned. back to the markets, a little

south of the dow, 180 points and the nasdaq down 190. 1% dropped by the nasdaq and the s&p. general motors, 100,000 cars they can't ship. gm says profit margin is down 2.3%. shopify laying off 10% of their staff, most of them will be gone. shopify is down 15%. the house oversight committee holds a hearing with the gun makers, the profits of gun manufacturers and their effect on gun violence in america. byron donald is on the committee that will grill the gun manufacturers, and is a republican. congressman, would you support

lawsuits that impose liability on gun makers? >> i would not. it is a terrible idea. the democrats are appear worrying about things the american people are not focused on, they don't want to talk inflation or gas prices are energy, they don't want to talk about the border, they don't want to talk about foreign policy, those are things on the minds of the american voter, they want to focus on their liberal base to come out and vote because the midterms are coming and they are cruising for a bruising. stuart: would you change any existing gun laws at all? >> no. if we examine the mass shootings of the united states the gun laws currently exist in these proposals wouldn't stop the shootings, not one proposal would have stopped what has occurred. the issue is not the ability of americans to acquire firearms.

we have more firearms in the world, if america had a violence problem there would be more violence on the streets than we have now. we have mental health issues that are not -- these issues are occurring early on when kids go through high school and following through the cracks. stuart: we read a new report that mississippi, schools in mississippi are considering allowing some staff members to carry firearms in school. how do you feel about that? >> as long as the teacher is trained they should be allowed to carry in schools. not that they carry it on their hip which most people think about when you hear carry in schools but should they act as a firearm to repel a shooter? they should. the other thing in some of these counties you don't know what the police response is,

some police departments are remote from the schools, it would take forever to get there and carnage would ensue. we saw what happened in uvalde with officers outside the door who didn't engage the shooter. engaging the shooter prevents more deaths every single time. we need rapid response. if there are trained personnel in the schools that should be sufficient to protect our kids when they are getting there education. stuart: the white house is bragging about saving drivers $35 a month because gas prices have come down. do you think they should be bragging about it? >> no because they are still over $4 a gallon throughout the country. you make gas prices go to $5 a gallon and now that they are down to $4.50 you get a parade, president biden and congressional democrats made this a problem.

they want this green new deal policy, congressional democrats refused to open the keystone pipeline and unleash the regulatory environment and give energy companies a break. congressional democrats don't want to act. you don't get a parade because prices went down. we need to get to $2 a gallon gas in the united states. stuart: the discussion is the economy. are we going into a recession? does it feel like a recession in florida right now? >> in many parts of the country, even florida feeling the effects. when i talk to small business owners in my district we are seeing lowest levels of consumer spending, they put gas in a tank which is more

expensive and food on the table which is more expensive and crowding out a lot of things, the last gdp report was large amounts of consumer spending and from retailers i talked to, consumer spending has lowered, not increased. stuart: thanks for being with us. we appreciate it and see you again soon. i want to talk about how many parents having their young children get vaccinated. lauren: the answer is 2.8%. and the months since these shots were authorized, 544,000 children under the age of 5 have at least one shot. they are low numbers, parents are reluctant. 43% say definitely not getting younger kids vaccinated and that is at 27%.

27% say definitely no, 43% say definitely no. stuart: what happens of school districts insist before your child comes into this classroom, show proof of vaccination. >> don't think that will happen anymore looking at reluctance among the country. stuart: half of the kids will be out of the class. lauren: if you were told you have to do this they change their mind, that's the dividing line, parents say absolutely not. they move before they vaccinate their children. stuart: the founder of a fast food chain just bought 50,000 lottery tickets, hoping to win the mega millions drawing tonight. we will tell you what his plans are. cancellations and delays, some people booking private jets, not just the rich and famous.

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stuart: what would stu do? i am in this? this is about the mega millions jackpot going up again. what is the jackpot? lauren: $810 million. would you purchase a ticket? stuart: no. lauren: the third-biggest jackpot. the odds of winning are one in 302 million. if you are going to lose, the ceo of raising cain thinks he might win. he bought 50,000 tickets for his employees, they will all share in the jackpot. took him twee 8 hours.

to do something like that. stuart: i don't know about that. lauren: you wouldn't do that and give them to everyone at fox? lauren: stuart: i do not gamble. some time ago i took my kids into a store and i said this is why you shouldn't gamble. i bought them scratch off tickets. we won. can you believe it? we won. lauren: lesson not learned. stuart: i'm going to move on. lauren: i thought you were going to ask about cat food. the fans already -- stuart: $810 million, probably net 450. lauren: nice. stuart: you want to give the government $350 million for doing nothing? legalized gambling is the most effective way of taxing poor people and they shouldn't do it. with chaos at the ports, more

people are switching to private planes. madison allworth is that my airport. has the price of a seat on a private jet come down to the same level as a first-class ticket on a commercial airline? >> reporter: it has not come in line but we are seeing more competition and more affordable options when it comes to flying private. we were on that plane earlier today. they are more approachable end of the market. if you flew to tampa that would cost you $6250. for one person that is a lot but if you fill the plane with the 7 people that can fit it comes to $900 per person so compare that to $600 and you are getting closer. if people are fed up with delays and pilot issues private could be an option because you

come to the plane and don't deal with tsa, bags are loaded, you get amazing service. all this is adding up to more people signing up and they are signing up in droves. take a listen. >> we were able to scale at a rate with 350 members for the first 12 months, averaging 5 to 7 members coming on board and getting 1200 new members this year. >> reporter: the companies we have spoken to are seeing increases in membership. this jet has seen a 29% increase in membership, 71% are closed -- first time private flyers, it was a record-breaking year with 3. 3 million people flying in 2022 could break that record. they are not concerned about that.

during the pandemic a lot of companies let go of their private jets but need that option. rather than putting up the tunnel of money they go for membership like that. you see individuals go for companies, the big companies doing membership programs around, this is been a growth sector in the market and this is the way to fly if you can afford it. stuart: $6000 one way is not that bad. not as much as i thought it is going to be. lauren: if you fill it with twee 7 people. stuart: thank you. remember disney's magical vip trip starting at $100,000 a ticket, environmentalists are not happy about it because of the carbon emissions the trip will create.

lauren: can we talk about the trip first? 24 days, three continents, 12 disney resorts for $110,000 but it produces 20 times more carbon than a person living in a low income company uses in an entire year. if you are a certain type of person you should not book that trip. stuart: are we done with this? show me the dow 30. i want a sense of the market. one third up, 2 thirds are down, half a percentage point, a big drop on the nasdaq which is 200 points. 19% of hispanic voters approve of the president's performance down from last fall, democrats are losing hispanic support,

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stuart: look at this. a new poll shows president biden's support among hispanic voters falling to 19%. daniel gaza joins me now. what was the reaction in the hispanic community when mayra flores, a republican, won house seat on the texas mexico border? what was the reaction? >> astonishment. it was a recognition folks in the valley, rio grande valley have power and they can flaunt that power in the voting booth and are tired of the reckless spending that is spiking inflation, the unfettered printing devaluing the money in their wallet and more on energy making a trip to the gas station a painful experience. when mayra flores won, a new

narrative talking about policies that will be progrowth, pro-job, pro energy and we went educational freedom, we want them protected. stuasp: icsanre are r areg g t to samto sthing ryone e el atioseat gn,riceri ri ri ricrime but mennoon of th bord er. . wa'tim'tportanpot to to spanicspan >> absolutely important that we take control of the border and we decide who comes into the country under one conditions and how many but this administration has lost control of that. the top issues facing the country are the top issues facing the people, healthcare, education and the economy, things that affect their families lives, inflation of the rising cost of living is the number one issue and it could make a difference in the next election and what it caused is democrats can no

longer count on latinos as they get out to vote or have a strategy where they register latinos to vote, they have to make their case on policy is what has been there voting record and the outcomes. stuart: the same quinnipiac poll shows 25% of hispanics approve of the way gop lawmakers are doing their jobs in congress. they officially more popular than biden. >> that is accurate. this poll shows one in 5 approve of biden. democrats beware but still the gop has to tie the inflation and reduce policies that are fueling the rise in costs and connect the dots to

congressional incumbents and anyone who would rubberstamp the agenda of reckless spending, subsidizing nonwork and the war on energy. stuart: in the forthcoming november elections what proportion of hispanic voters will vote republican? any idea? >> depends from race to race. it will depend on the quality of the candidate and how much they engage and other organizations working. you are starting to look into the 40s, unprecedented. stuart: that is very different. i've got to go because i am out of time, great information, love to see you again. new programming note, new episode of american built heirs tonight on fox business prime. here's a preview of the chesapeake bay tunnel, what a

story, roll it. >> the scope of this job is the largest civil engineering undertaking in the history of the united states. >> the entire world new this project was being built. >> long odds. >> it was thought to be impossible. stuart: it took innovation and determination. to create the ultimate combination. >> two tunnels, two more handmade islands and two high-rise bridges. stuart: one of the guest wonders of the world, the 17 mile chesapeake bay tunl. . that is remarkable story. two new episodes of american built tonight, lunar module and chesapeake bay bridge tunnel starting at 8:00 p.m. eastern. it is 11:55 of the trivia question.

how many years did it take to build the hoover dam? two, 5, 8, or 11? the answer after this. i should know because we did american built on it. . .

stuart: before the break, here was the question, the trivia question of this tuesday morning, how many years did it take to build the hoover dam? now i think, i ought to know because we did american built

special on it, i have a good idea. >> i've been there i didn't know the answer. well, sorry i cheated. it is five. stuart: it is five. that is extraordinary when you think about it. a total of 21,000 men worked on the dam between 1931 and 1936. they created extraordinary marvel that powers las vegas. it is fantastic. time is up. neil, it is yours. neil: thank you very much for that. one of the things we're watching own we'll know officially whether we're in a recession but americans already decided given sentiment numbers. we already are and you can't tell them otherwise. edward lawrence at the white house with a reading that has some in that building behind him a little bit worried. reporter: neil, this is the first key economic data we'll get this week this is a very packed week for economic data.