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♪ stuart: rescue me. from what, ladies and gentlemen? i can tell you if you give me time. good morning. 10:00 eastern. to the money, please. the market shows the dow industrial up 90, nasdaqut tren. 10-year treasure for for you and could be a flight to safety. you're all the way down to 331 on the 10 year as we speak. oil hanging around $80 per barrel and bitcoin at 28,000 and change. it's 10:01 almost. we've got the latest read on the services sector, please lauren: the number is 51.2 in march. that was it is appointing and it was slower and still expanding above 50 for the third month in a row and prices paid came down from 65 and change to 59.5. inflation moderating. that reading for prices paid is the lowest since september of 2020.

this is a softening of the economy. a softening of inflation in the services sector that those prices were so high for so long and still are. maybe they were coming down a bit. stuart: market is die jesting that and it's not really affect it had so far and even about that news. now this. democrats should be celebrating this morning. they've posted some big wins. the far left teachers union guy brandon johnson will be the next mayor of chicago. you got to shake your head at this one. in 55 chicago schools, not a single student is proficient in math and reading and voters want no change. ? a city where people are fleeing this droves, brandon johnson wants to raise taxes on the rich. the exodus can only speed up. it's surely not good for chicago, but it is a democrat win. and the win for florida real estate too. that's where chicago's money is going. janet won a crucial seat on the

wisconsin supreme court. even though it's an election for a judge politics ruled. she's a very liberal person, the wisconsin supreme court will now have a left leaning majority, another win for democrats. then we have senator mansion, he's a democrat. but he just lost a round to the green wing of the democrat party. man, has he been duped. he had a deal with biden to get a natural gas pipeline approved. the courts just ruled against it. another win for democrats. and of course there is the trump circus. i'm calling this a win for democrats because from here on out, the whole country will be dis-tracked from the crisis hurting us all. no wonder biden laughs it off. the democrats engineered this and want to spring it out for next year it. is not booed. property property second hour of

varney just getting started. stuart: liz peak with us this -- what day is it? wednesday morning. i'm glad you're here, liz. straighten me out, all right. the left is triumphant. who is the big winner in the trump indictment? >> obviously joe biden because it takes off front page all the things going wrong in this administration. it goes off the front page the house investigation into the pay for play or influence peddling or whatever you want to call it by the biden family, the money coming in from china and the spy balloon which we found out yesterday is not very good news. they were sucking up all kinds of important intel is dismissed by the white house and it's been push to do the sidelines. journalists being held captive in moscow for the first time

since the cold war. what an appalling development that is and we've heard almost nothing about it because it's trump, trump, trump 24/7. there's a new idea, stuart that, came to me in the last hour. i want to share it with you. stuart: please. >> this is how joe biden's team thinks he'll win in 2024. he can't hide in his basement. he can hide behind trump headlines. that is literally what i think their game plan is and i have a visual aid team and white house -- new york times, team and white house hopes for benefit in being up staged and it's pretty obviously. stuart: they're spelling it out. >> they're spelling it out which is happening in realtime as we're here talking about trump all day yesterday, all these horrible things that have been going on in the biden administration and bank failures and now we have the very imminent prospect of a recession, which is cutting jobs, the jobs numbers softer and, yes, inflation is happening with a great price and seen the

employment level and it's weakened and this is just tragic and talk about rescue me. we need all to be rescued and don't forget bad trend of events. >> biden will actually run? 2024. >> that's an interesting question question. secret documents and then after the state of the union and something else came along that was a disaster in the bank failures and other things and now they're talking about maybe fall. that is really extraordinary and it's always the second quarter and do good fundraising and they're worried now they won't announce him till maybe late fall because july and august aren't good fundraising months and he wants to come blazing out of the white house with a big number. good luck with that. stuart: i don't think he'll run. >> we'll see. stuart: at the end of the day, i don't think the democrats will let him. >> stuart, if he waits till the fall, the other democrats are in poor position take up that slack. the timing for the rest of the

democratic party contenders for whoever you think and gavin newsom and kamala harris and this is bad for them. stuart: bad politics. thank you, liz. appreciate it. >> thanks for having me. stuart: lauren is back. what are biden's aids saying behind the scenes and trump's chances. lauren: they're reporting four biden aids want trump to be the republican nominee because they think he's the most beatable candidate. they say swing voters will never bactrim p now because he's a -- back trump now because he's a criminal defendant. the swing voters took a gamble in 2016 and polled for him in 2020 and they're not coming back. trump is coming back to new york city and next in-person hearing before the judge is december 4. december 4 eight months from now. two months before iowa, the caucus is february 5 then the new hampshire primary and

republican primary season. so this is really da bragg's election interference and he's stepping in for 2024 no. stuart: at the order of the democrat party. i'm sure. i'm sure of it. lauren: mum's the word when you ask the white house. stuart: yeah, i'll move on. shall i move? yes, i shall move on. washington state supreme court upheld a 7% capital gains tax that was enacted in 2021. it'll now be imposed and tax applies to capital gains more than a quarter million. fisher investments is moving it is headquarters from washington state to texas. the gentleman on the right hand side of the screen is none other than ken fisher and the washington post said this move is about politics and not taxes. would you like to respond to that? >> well, sure. i'm delighted and thanks for having me on stuart, but it's really not about politics, and it's also really not about taxes. let me be clear. we've got lots and lots and lots of states that have capital

gains taxes on the left and on the right. california on the left at the highest, arkansas, alabama, mississippi on the left. illinois go left, right, capital gains tax isn't so much -- this is about law. be real clear. this is about law. think about a capital gains tax is defined by every state as an income tax. by the irs, by dozens of foreign countries. the fact is the definition of it is clear, washington state passed this law saying it's not a capital gains income tax. it's an excise tax or they stopped using it now that the court ruled but the fact of the matter is, it's an income tax. if it walks like a duck, talks like a duck, acts like a duck, it's probably a duck. but if it has the dna of a duck, it is a duck and call ago duck a kangaroo doesn't make it one. it makes the court one.

stuart: you've left washington state, your headquarters at least? you've gone to texas? >> it's a process. we've got a facility in plano, texas, where i am here now. we've got great facility in washington state, but i want to be real clear, if they can do this to the law, which is clearly a bizarre reading of the law, i mean, this is a legal thing, not a political thing. if they can do this to the law, they can do any other crazy thing and the fact is if you want to call murder petty theft, it doesn't make it petty theft and no business ought to want to be subject to the ruling on that kind of basis in a lace like that. stuart: you're a big hitter in the marketplace (&.k we have your views on the stock market? i see the bank crisis beginning to wind down a little and we have the interest rate pause and it is possible. i think the market wants to go up. what says ken fisher?

>> well, as i think you know, stuart, i've been a bull for too long, and the last six months are good in the marketplace and in the column this, the fact is nine months beginning october 1 with midterm year are the consistently most postable period in all of -- profitable period in stock market period and the fourth quarter of last year and first quarter of this year and it'll be bullish after that. you can't find a negative third year of a president's term going back to 1939, going into world war ii, which is only down nine tenths of one percent on the s&p 500. stuart: ken fisher, i did not know that even though i go back to all the way to world war ii. thank you, ken, we appreciate it and i know you'll -- see you again, sir. lauren is back looking at movers

and starting with my tractor maker, that would be john deere. lauren: down 3.6% and industrial stocks are largely lower today, recession fears; right? weak jobs stat this morning and services data 11 minutes ago and services number. remember the selloff yesterday of c34? 3? 2 continues and this dock town 30% in april and only april 5. short sheller sent a let tore c3i auditor alleging they used highly aggressive accounting to inflate the income statements. stuart: ouch. it's ai stock so went up. lauren: almost 200% and now coming down a bit. stuart: conagra, that's a food company. lauren: yep, we needed a winner so there's a 1.5% gain and they make reddi whip and slim jim and act 2 popcorn, which is pretty good. they raised forecast for the

second time and you know why. stuart: they've got pricing power. if you have pricing power, stock goes up. lauren: you need your reddi whip. stuart: absolutely. donald trump went after alvin bragg for his relationship with billionaire george soros. watch this. >> radical left to george soros backer alvin bragg campaigned on the fact he'd get president -- the criminal is a district attorney. she should be prosecuted. stuart: matt wrote about the secret networks of sew rows and will break down sr. so rows and breaks down the ties and what's the relationship? soro s and braggs and falsifying records and had a separate court victory yesterday and brian has the full story on the victory for trump after this. ♪

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buddy tells us there's more gains to come in the midwest and in florida. could be up 10, 20, even 30-cents a gallon this week. former president trump pleaded not guilty to 34 could wants in court yesterday. he had another victory. tell me more. >> yeah, stuart, good morning. he d. the ninth u.s. circuit court of appeals siding with trump and ordering stormy daniels to pay trump attorneys $120,000 in legal fees and had to do with a defamation lawsuit she filed against the former president and lost. that's in addition to an additional $500,000 that daniels was ordered to pay the president. former president. now this is separate from the criminal matter and last night trump had a lot to say about the case, even going after the credibility of the judge. >> there's no case.

they kept saying there's no case. virtually everyone. this is where we are right now. i have a trump-hating judge with a trump-hating wife and family whose daughter worked for kamala harris and now receives money from the biden harris campaign. reporter: interestingly the attack on justice juan came hours after prosecutors in court made issue of trump rhetoric and social media post concern that had it could incite violence. the gag order was not requested but the judge ordered everything is on the table ask certain language used by trump cannot be justified by his frustration. trump pleaded not guilty to 34 felony counts of falsifying business records and we know that. one charge for each business invoice, ledger, and check that trump is accused of falsifying between february and december of

2017 linked to hush money payments to adult film star stormy daniels new york state falsifying business records with intent to defraud is a felony only if it's proven that trump was trying to con sale another crime and -- conceal a crime and yesterday bragg said trump defrauded voters in 2016 to hide alleged affairs and damaging stostories and therefore violatg state election law. listen. >> new york stithe state election law make it is a crime to conspire by unlawful means and i indicated a number of unlawful means with more additional false statements including statements that were planned to be made to tax authorities. reporter: it's not clear if da bragg has legal authority to go after a candidate running for federal office. the next hear asking on decembe. that's a month, stuart, before the republican primaries. and trump has to be here in person by the way, stuart.

stuart: yeah, it's eight months away. thanks, brian. trump went after manhattan da alvin bragg and relationship with billionaire george soros, this is important. roll tape. >> radical left george soros-backed prosecutor alvin bragg of new york. who campaigned on the fact that he would get president trump. i'm going to get him. i'm going to getti him. the -- get him. the criminal is the district attorney because he leaked massive amounts of grand jury information for which he should be prosecuted or at a minimum he should resign. stuart: bring in matt polumbo, he's the author of the book. matt joins us this morning. what did george soros do for alvin bragg? >> there was a super pact call color of change and anti-law

enforcement and we're going to spend $1 million to get this bragg guy elected and six days later soros cut as check for $1 million and the idea he's been back bid soros and read the fact checker it's contingent it's one big coincidence and read the washington post rebuttal and that's the rebuttal. we e-mail color of change and they said it was a coincidence and we didn't spend all the money. that's pretty much it. it's quite frankly laughable. stuart: you think basically alvin bragg is bought and paid for by soros? >> yeah, bragg and soros said we don't talk or meet. i would say even if you accept that, if soros gives someone a million dollars, that says something about their philosophy and he outsources insanity. he might not be pulling stringses saying do this or that but he knows you're the type of person that will do that for

money. stuart: defending soros and his ties to alvin bragg are not accurate. that's the correct expression i believe. what's your reaction to that? >> it's cute and he didn't give the money, the pack d. they're targeting an audience and trying to fool people and degree of separation makes no difference and for that explicit purpose and on the word backed means and it's a level of desperation and that's what it means. stuart: is soros behind the liberal da in los angeles, gascon? >> yeah, it's incredible because any time you see these crazy da stories, you don't need to mention soros, that looks like a soros da and if you google it's 100% of the time one of them. they're all cut from the same cloth. stuart: soros money actually imposed that local level in local elections essentially and had far more impact than giving it to the national democrat party. >> well, yeah, in the national elections it's hundreds of

millions and we just saw in washington last night, they flipped the supreme court 3-2 democrat. there was one reporting curate where the soros candidates had $8 million and others bet $400 grand. these aren't exactly like high profile elections and held last night afters liberal one. it's a ten year teem term and dealing with the rallying cry there. stuart: thank you very much for joining us, mr. palumbo. matt, thank you. >> thank you. stuart: cash app and he was found stabbed to death in san francisco. we have details on that for you. progressive democrat brandon johnson will be the next mayor of chicago, heaven help chicago. he wants fewer police officers and taxes on the rich. is that going to drive more people out? i suspect it will.

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stuart: the market is separate from trump's arraignment or speech last night. we're starting with a big mover, which is fedex. lauren: up 2% and announce intention to consolidate delivery operations into one and it slims down, better competes with amazon and ups. also raising their annual dividend. stuart: that's important for some of us. ford, what's the story with them? down again? lauren: i know. they'll lose the full tax credit or people will if you buying the mustang mack e or cargo van and only getting half of the credit and all these hoops you have to jump through. this takes effect april 18th so if you don't get your order in by then, you're getting $3700 back instead of $7500.

stuart: there was a time this market was really, really hot and lithium stocks were going straight up. albamal is a lithium company down 6ers lithium prices are coming down and that could have a negative hit to their earnings. lauren: this stock has advanced. stuart: chicago elected progressive brandon johnson to be their next mayor and he'll be sworn in may 15th. jeff flock is there. jeff, the schools, you know what's coming, jeff. you know what's coming. the schools are a total mess and crime is rampant and people are leaving chicago in droves. now chicago has voted for more of the same.

>> i told you, stuart i live in philadelphia now and and fourth quarter you don't like lori lightfoot, be careful because you might get someone more left than lori lightfoot. brandon johnson, 48 years old and former teacher and union organizer and those chicago organizers, they never amount to anything. well, there was the one that got elected president but at any rate, he doubled down, johnson d last night on his plan to solve the crime problem, which is don't hire more cops. more money on mental health and poverty and underlying causes of crime. here's how he put it last night. even if you don't like his ideas and this is what he said. >> to the shyens that did -- chicagoans that did not vote for

me, i care for you and value you and i want to hear from you. i want to work for you and i'll be the mayor for you too. reporter: muted criticism on johnson's in terms of reaction and one of the aldermen on fox business and said this is the real concerns i have about this. >> i have serious concerns because he's so married to the left with political ideologiology and says police need defunded and focus on root causes as opposed to holding people accountable. accountable. reporter: i leave you with a statement from the business community and chamber of commerce that says they look forward to working with the new mayor and putting the city on the right path. i don't know, stuart, if what they meant by right path. the correct path or the right as

opposed to left path. i think i know how you think though. stuart: yeah, interesting, is that a police siren wailing in the background there? i might also tell you, jeff -- there you go. what a city. reporter: did you hire those guys? stuart: i will tell you, jeff, i've got florida real estate and i expect the value to go up bosomy is going to get -- because chicago will get down there in direction. see you later. leo terrell with me this morning. i can't believe they elected brandon johnson. i don't get it. >> he's going to take his marching order from the unions and i'd expect and recommend every person who believes in law and order in chicago, get out of chicago, go to florida and somewhere else and thingives --

did race have anything to do with this win? >> the biggest issue is the progressive power of chicago democrats. you would expect after lori lightfoot decimated chicago, they would go to somebody that believes in law and order. paul valis supported by the union and the politics of socialism is basically color behind and they want to basically destroy what is traditional about america. stu, every civilized society has law enforcement and this guy doesn't believe in law enforcement and they're going to destroy chicago. stuart: i'll change the subject but i want to talk about the

bragg and watch this, leo. >> they're going to run into legal problems because the indictment doesn't say what that second crime is, which is completely inex-pickable to me. >> in -- inexplicable to me. >> in the case brought against a former president, it's a little underwhelming. there's not more to it. >> not sure how to get a misdemeanor to a felony. stuart: leo, may be a political case and very weak ask you know it'll be around till at least december and biden wins on that by spinning it out. >> i'll tell you right now, stu, i hope it falls by the wayside by december 4 and i'll tell you why in a second, but yesterday, stu, the entire nation witnessed alvin bragg embarrass himself, he embarrassed the legal system,

he embarrassed lawyers, and i'm hoping that a judge dismissed this case. why? for every reason you heard from these left wing political pundits. where is the federal violation? he did not articulate that in the indictment because there is no federal violation. this case cannot last till december 4 and it might and wholefully appellant judge and i show you one thing, the trump people will file a series of motions to dismiss this case and statute of limitations and not going to pass. stuart: leo, thank you, sir. see you again soon. beginning, they found a -- beijing found a new way to weaponnize big tech against america. what they're doing. president biden said artificial

intelligence "could be a danger to society". what's he doing about it? edward lawrence with the report next. ♪ if your business kept on employees through the pandemic, getrefunds.com can see if it may qualify for a payroll tax refund of up to $26,000 per employee, even if it received ppp, and all it takes is eight minutes to get started. then we'll work with you to fill out your forms and submit the application; that easy. and if your business doesn't get paid, we don't get paid.

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stuart: dow up 52 and nasdaq up 53 points and big tech not doing well and google says ai artificial intelligence chips are faster and greener than nvidias. i want to hear about that. lauren: ai is the future and that's why nvidia shares are down almost 4% because google having a better chip means less business and fewer orders for nvidia. so alphabet says its new chip,

called tpu, ten serve processing unit and 1.7 times faster and 1.9 more power efficient than nvidia's power chip and it's considered to have the leading edge in the processers till maybe now. susan: very interesting story. nvidia knows no bounds till they find out and maybe there's competition. the white house is "very focused on the threat of artificial intelligence". edward lawrence with us. does the white house have a time line on when they could issue some guidance on ai. i in >> the answer is no. in the report for president joe meeting with counsel on adviser technology yesterday and big part of that discussion was artificial intelligence.

>> social media showing us the harm it can do without the right safeguards in place. >> there's no timetable without a pause or powerful ai technology and i pressed the white house on it. >> critics saying the president has been late on acting against tiktok. what's the time frame for guidelines on artificial intelligence for a pause and more. >> how we're going to have a government approach to this and this is incredibly important. >> the author of the study talking at the top says the president wants to get in front of these emerging technologies before issues exceed the ben

benefits. >> not the governmental institutions and too slow to deal with this safely. >> they're getting involved in it. stuart: china found a new way to weaponnize big tech against america and tell me what they're doing. lauren: they're slowing merger review process and involves big national companies like intel. intel last year announced a $5+ billion takeover of israelly companies and they'll make them available in china and a way to row respond to our restriction

on some technology going to china. it's a way around but a tight rope they're walking and imposing too many conditions, put up a sign we're not open for business and coming out of covid very much wanting to be open for business. stuart: fascinating. good stuff, lauren. tiktok was just fined by the britts as in fined by the uk government, why? lauren: their british watch dog says tiktok has about 1.5 million under 13uk users on the site. that means they did not enforce the age restriction. they did not require parental consent for those minor's accounts, and it infers that some of those children didn't santahave the ability to make informed decisions about their personal vendetta being used by the company. sot bottom line is, tiktok broke british laws, intended to make sure children are safe in the digital world as they are in the physical world. tiktok of course responding saying, look, of course we're

taking steps even more steps to keep kids safe and of age on their site, but -- stuart: any idea what was fine was? lauren: $115.9 billion u.s.. stuart: billion, with a b? lauren: yeah. no, million. $15.9 million by the uk watch dog and it was initially a higher fine and reduced. they said we're glad it's a smaller fine now and we're working on this stuff. stuart: thank you, lauren. eric trump sounded off on huge security presence for his father's arraignment yesterday. watch this. >> every single digits intersection was closed and fdr closed and army around trump tower and army around the courthouse. literally alvin bragg caused 38,000 nypd officers to be distracted from their jobs. stuart: eric trump says

yesterday's arraignment cost new york city $200 million. that's what he says it cost. let's not forget and it'll cost again december the 4 when they'll come back. the fact checker had to be fact checked by twitter twice after the guide tried to claim that alvin bragg was not funded by george soros. well, moments ago we just heard otherwise more on the soros connection after this. ♪

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stuart: a progressive, uber progressive is back in power. >> so, at the best case scenario, it would be nothing changes, which is a negative because we've seen a rise in

crime and crisis in the schools. worse case is it gets worse. i mean, this is someone further to the left than lori lightfoot and i was thinking a lot about the results yesterday, it's not like it's a republican versus a democrat. this was a moderate democrat versus a progressive democrat. two things occurred here. either number one, the folks want someone further to the lest of lori lightfoot and it was an assumption under her and we can't do this. maybe they think she didn't go far enough or number two, there's a possibility and significant issue that a local media doesn't connect the donald trumps as to what's going on and why. a lot of times, especially when covering crime stories there's a here as what happened, here's what's next and that's it. they don't connect dots or tell you why it's happening or what policies are responsible and they dent tell you what the plan is nor do they put pressure on the local politicians they have to cover.

stuart: there are 55 schools in chicago and 55 schools where nt a single student is proficient in math and reading. what does it tell you about the parents who voted for more of the same or worse to come? >> it tells me they're not connected to the issue in the way that you and i might be and people who watch this show where we can easily point to the reasons behind everything that's going on and most folks don't want to demonize teachers via the teacher's unions and you send your kids to the schools five days a week and hours at a time and don't think there's the best interest in mind and reluctance for teachers to do better and administrators to do better and institution. stuart: it's a lost generation of kids in chicago.

jason, glen kessler is the fact checker at washington post and was fact checked twice saying that soros funded alvin bragg was false. jason, moments ago on this program, we learn that had george soros indirectly contributed $1 million to alvin bragg. what do you make of that? >> yeah, he gave the money to a pact specifically to help alvin bragg. the point is if you say anything about george soros and happens to be plague into the stereotype and has nothing to do with anti-arguing jews can't handle sit schism and happen to be jewish and it's used in a transparent way and want to distance them that's a sad part

ask dis-hundreds of billionsest part about the media. stuart: jason rantz, good stuff. see you again shortly. biden tieing up trump in court and good strategy for the democrats. he's lousy for the country. that's my take and it's next. ♪

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>> this is a sham indictment and it is the democrat's latest attempt to undermine our democracy to weaponnize the justice system. >> anger is warranted if anything. yesterday was a very dark day in the country and sort of a vindication of everything donald trump has ay