not in too much trouble. >> seems like the customer wants to have their cake and eat it too. [laughter] i actually looked at the picture of the cake that was drawn on top of it. the lines weren't parallel in the initial crawinging, and thee sure to the make the lines crooked -- maria: that's so funny. >> you have one job, one job. [laughter] at least whoever purchased the cake got some laughs out of it, probably a much more enjoyable scenario. maria: so did we. quick check on the markets as we hand it over to my friend suh, nasdaq down 60, have a great day, everybody. see you again origin. we've got the jobs number on tap, we've got everybody on deck. "varney & company" begins now. stu, take it away. stuart: good morning, maria, and good morning, everyone.

heads up, everyone. the gas price spike cometh. it's not going to help energy inflation, and it's not going to help your spending power. here are the numbers. the national average for regular gasoline has gone up 7 cents in a week, and it is still rising. here's the interesting part, it's hitting ohio where it's gone up 22 cents in two days. gasbutted key says the rest of -- gasbuddy says the rest of midwest and maybe florida will see similar spikes just as we hit the driving season. that's the gas price spike. it's a 3-day weekend for the market, wall street closed tomorrow for good friday. in advance of that dow's up about 30, nasdaq's down 64. not that much price movement. interest rates staying at low levels, some are calling this a recession indicatorrer. the 10-year all the way down to 3.the -- 3.28% and the 2

the-year back to 3.75. wasn't that long ago we were well above 4%. golding, it's at $2,027 per ounce. more on that just a moment. poll you cans. the president of taiwan visits speaker mccarthy. china's not happy. a bipartisan group of lawmakers many taiwan, they want more weapons for taiwan's defense. china's not happy. they say they will, quote, not stand idly buy in the face of blatant -- by in the face of blatant competition. provocation. the times op-ed reads the trump indictment is a legal embarrassment. now, that's in "the new york times," for heaven sake. s the opening day for the masters, a little tension here. six green jacket winners from the breakaway liv golf tour will be playing along with pga players, but greg norman -- he's the guy who got liv rolling -- he's not been invited.

he's not a green jacket winner, so he doesn't automatically qualify, but he's not been invited anyway. thursday, known as maundy thursday the, commemorates the the last supper. april 6th, 2023, "varney & company" is about to begin. ♪ ♪ stuart: all right. this is happening now, breaking news, rockets have been fired into israel from lebanon. the iron dome intercepted some of them, at least one got through. the israeli military is in emergency meetings, jets have been scrambled. this, by the way, is the first day after as passover. think of the timing of that. the price of gold not showing any reaction to what's going on in the mideast,st it's at $2,026 the an ounce, no movement there so far. next fox's peter doocy questioned the white house on former president trump's indictment, and it dominates the

news. watch this. >> reporter: does it bug president biden when former presidents suck up all the oxygen? >> what's important to the president is to continue to focus on american people. that is what's important to the president. >> reporter: so he's good to lay low for a couple news cycles then. >> so, look, here's the thing, peter, and this is what we will speak to. we will speak to the fact that this is a president that has been able to get historic pieces of legislation done. stuart: o.k.. todd piro's with me this morning. look, they like, the democrats like this distraction because it takes away the focus from biden's crises. >> i agree with that point, obviously, hay like the distraction. i don't think any president would want what is happening to trump to the happen to them, so biden's not, like, jealous of the arrest and indictment. he also likes the pact that his presidency has been a failure and nobody's talking about it. at the stage of game. the flipside is, is it going to the make president trump a martyr in 2024 should he get

through the primaries and be the eventual candidate to go up against presumably joe biden? stuart: look, i think the democrats are pursuing a basement strategy, keep him away from reporters and questions. but you can't cothat forever. >> i don't know, it worked the first time. why wouldn't it work this time? stuart: because the crises are piling up, his approval rates are going down, down, down, he's got to come out of the basement. >> do does that matter -- stuart: yes, it's a might their for the democrats. >> -- nightmare. >> to the trump hater who's going to vote for biden regardless unless he steps up completely royally? i think you're right on your initial premise that he's going to stay in the basement, and this is like being forced to the say in the basement by all the media oxygen going to trump. stuart: okay. next case, there's an op-ed in the new york times, real surprise to me. ing look at this. the trump indictment is a legal embarrassment. it says the indictment is a setback for the rule of law.

that's in the new york timeses. that surprises me that the new york times would put that out. >> it's a complete surprise that they put it out, but the reason is because you can't ignore it any longer. they are embarrassed for the rule of law. as a recovering lawyer are, i am embarrassed for the rule of law. this isn't how law is supposed to go. and when you look at d.a. bragg saying, you know, people are not above the law, well, bragg has allowed so many really, really horrible criminals to do really, really horrible things in this city, and he's to going after trump on the most flimsy cut and paris job one could have in a -- cut and paste job one could have. stuart: i've been realizing that mr. trump's net worth has come down sharply very recently. tell me the story. >> don't confuse his net worth personally with the campaign money that's going into his coffers as a result of this. his net worth has suffered by -- since he was indicted, falling to an estimated $2.5 billion

from $3.2 billion just last fall, this according to "forbes". also since starting truth social, trump himself has lost an estimated $550 million on this venture, that also according to "forbes." on monday data compiled by "forbes" implied truth social is worth $1.# billion -- 1.2 billion, but it doesn't look like they're getting close that 81 million users. stuart: way back in the first election, 2016, somebody and i think it was "forbes," suggested he was not worth billions that the he claimed. i don't think he sued, but he really took importance to a task. >> the difference this time, we cough the some tax returns with some numbers on them. stuart: very good. well done, todd. got that right. thanks very much, todd, stay there. you're with he for the hour. first of all, look at futures, we've got some red are ink, adam johnson is here. why are you buying, and i know

you are. why are you buying bank of america and charles schwab? >> because they are big, they are companies we know, and understand -- which in the times of uncertainty is important -- they have battleship balance sheets meaning lots of cash, strong cash flow, low debt, and the stocks are also trading down 35-40% on the angst right now that is envel lopping banks of much lower quality than bank america and charles schwab -- stuart: but have all the losses in long-term bonds and maybe commercial real estate, have they washed new the system yet? >> they are starting to, and i'll tell you why. you have been talking about what'sing happening to bond yields. if we look at 10-year, that was trading above 4%, and now it's down around 3.25. stuart: that's right. >> so as the yield comes down, prices go up. the whole reasons that banks like silicon valley bank shares,

first republic were having problems, the value of their bonds was going down, all that's now being washed away as bond yields come down and bond prices go up. that whole problem is vanishing quickly, stuart. stuart: that's interesting. you're looking at buying amazon and google as well. why? >> similar story. again, big, chunky companies we know and understand. that accounts for a lot. they are best in breed. i don't have to the explain them to you. like bank america and schwab, they are also down significantly and trading at multiyear valuation discounts. so, again, you know, you add all that up together, high quality, companies that are growing, companies that are trading at a discount can, these are companies i want to own, stuart. stuart: i get the feeling the market really because want to go up, and i know you feel that way. >> well, yes. many spite of all the angst over the banks over the past month, this is potentially now the fourth consecutive week of gains for the s&p, right? the s&p 500 up four weeks in a

row, who would have thought with all the banking problems? and actually look at a longer time frame. in the fourth quarter stocks were up, in the first quarter stocks were up, so we've actually had six months of gains in spite of the narrative, the hand-wringing, on and on. i think the bull market began last fall. people don't realize it, they've been putting their money into money market funds, and when we get to june and july, they're going to the say, hang on, maybe it's not as bad as we thought. go in now and buy the high quality companies that are still trade at a discount. stuart: good advice. adam johnson, thank you very much, indeed, or sir. on twitter, npr, national public radio, was labeled state-affiliated media. [laughter] npr's president doesn't like that. he responded, he says npr stands for freedom of speech and holding the powerful accountable. a vigorous, vibrant free press is essential to the health of our democracy. he parished -- published a

longer a saint claiming the label is unaccurate. od the, i think n npr is government broadcasting, liberal to to its very soul. what say you? >> the definition of state-run media involves being funded by the state, and as much as this guy is not happy with the fact that he was called state-run media, it is an accurate label. your tax dollars, my tax collars whether directly or incorrectly pay for npr are. and, yes, i get they've got pledge drives and people can fund public radio through their own pocket, by but by and large, there's a lot of money coming from the state, sos the state-run media. and to your point, it always leans liberal, and i would never be allowed on npr because it's so quiet. everybody talks like this. i do not talk like this, stu. [laughter] >> you are so fired up this morning. i'm fired up about stocks -- >> johnson, i'm fired up every single day. stuart: it's not quite like the bbc. if england if you've ott got a tv set, you have to have a license, you pay the government

for a license. the money goes to the bbc, british broadcasting corporation. >> i just had a funny thought, wouldn't it be funny in somebod, turned on npr, and there the i am, good morning! stuart: well, you might get them some ratings, who knows? check those futures, sports fans. dow down 50, nasdaq down 65. coming up, despite backlash over migrant busing, chicago's mayor-elect, brandon johnson, he's doubling down on chig as a sanctuary city. elections really do have consequences, you know? the president of taiwan issued a dire warning to speaker mccarthy. what she says is china's looming invasion. fox spoke with taiwan residents and asked hem how -- them how they feel about a looming invasion. roll tape. >> reporter: are you worried about china invading taiwan? >> not worried. >> reporter: not worried right now. >> i mean, a lot of people concerned. stuart: next question, will

america support taiwan? china expert gordon chang on that next. ♪ ♪ - double check that. eh, pretty good! (whistles) yeek. not cryin', are ya? let's tighten that. (fabric ripping) ooh. - wait, wh- wh- what was that? - huh? what, that? no, don't worry about that. here we go. - asking the right question can greatly impact your future. - are, are you qualified to do this? - what? - especially when it comes to your finances. - yeehaw! - do you have a question? - are you a certified financial planner™? - yes. i'm a cfp® professional. - cfp® professionals are committed to acting in your best interest. that's why it's gotta be a cfp®. find your cfp® professional at letsmakeaplan.org.

as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get

unlimited data or pay by the gig. all on the most reliable 5g network, with no line activation fees or term contracts... saving you up to 75% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities™. when i was his age, we had to be inside to watch live sports. but with xfinity, we get the fastest mobile service and can stream down the street or around the block! hey, can you be less sister, more car? all right, let's get this over with. switch to xfinity mobile and get the best price for 2 lines of unlimited. just $30 a line per month. i should get paid more for this. you get paid when you win. from xfinity. home of the 10g network. i screwed up. mhm. i got us t-mobile home internet. now cell phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by

with their phones. oh i can't hear you... you're froze-- ladies, please! you put it on airplane mode when you pass our house. i was trying to work. we're workin' it too. yeah! work it girl! woo! i want to hear you say it out loud. well, i could switch us to xfinity. those smiles. that's why i do what i do. that and the paycheck. stuart: watch we got? okay, dancing in the streets of paris. that looks like fun. it's actually a pension reform protest in paris, and it's the 11th straight day of these protests. right now can -- they look peaceful, they're dancing, but we'll keep an eye on it for you. by the way, the french really object to macron moving the retirement age from 62 all the way up to 64. shocking. now: topics etives from big tech the companies meeting with lawmakers today. grady trim until has the story. these tech executives, they

really need to keep doing business with china, don't they? >> reporter: they co, stu, and that's why we always see them doing the dell candidate cannes with china. but all of the topics related to china including artificial intelligence, slave labor in china, censorship by the chinese communist party, these are all going to come up in this meeting today and the ones going on throughout the week with. congresswoman ashley hinson from iowa, she'll be in the room. she els us the ccp uses technology both to the oppress its own people and to spy on americans. she says we cannot allow the c or cp to realize their tech no the-authoritarian ambitions. congressman mike gallagher on the select committee on china, they're leading the bipartisan group of law makers meeting with executives from some of the biggest entertainment and it can companies in the world. both of those lawmakers were at yesterday's meeting between house speaker ken mccarthy and

taiwan -- ken mccarthy and taiwan's president. congress really showing here they can still put politics aside and put on a united front to take on china. >> >> speaker mccarthy and this bipartisan dell division are here to send a simple message, and that's we are not afraid. we support our friends in taiwan. >> our bond with the taiwanese people is unshakable. we will always support them in defending their freedom. >> reporter: so while all of this was going on stateside, a separate bipartisan delegation landed in taiwan overnight, stu, as china ratchets up threats against the island. stu? stuart: all right, thanks, grady. the president of taiwan met speaker mccarthy in california yesterday, and this is what she said after the meeting. roll tape. however, it's no secret that today the peace that we have maintained and the democracy

which we've worked hard to build are facing unprecedented challenges. we once again find ourselves in a world where democracy is under threat. and the urgency of keeping the beacon of freedom shining. >> we're not quite sure about that. >> reporter: do you trust the u.s.? >> i would say it's a delicate issue. a i'm not really sure because it's always about interest. >> i think america only care about themselves. why should we lie to ourselves say america will come. stuart: gordon chang is with us. if china were to the invade, what should we do? >> we should certainly

militarily defend taiwan, but we can prevent an invasion by beforehand being clearer that we will defend taiwan and prepositioning ammunition and other supplies on the island, something we did not do in ukraine. there are steps that we can do to the establish deterrence or reestablish deernest the, and we're not taking them right now which means that war looks increasingly likely. stuart: why is president biden not taking those steps? >> because he wants to maintain open lines of communication with china. he wants beijing's cooperation on things like climate change, and he believes that if he does not take a robust stance, that beijing will ghost him which is whatst the doing right now because it's the not permitting, for instance, secretary of state blinken to go to beijing which biden clearly wants. so we are not defending our interests. we are actually supporting china policies that attack us in the middle east and elsewhere because we want this cooperation. i think that this is totally misguided on the part of biden.

stuart: would you say that we're being bulliedsome. >> we are certainly are being bullied, and there have been so many examples of that, of things that we're not doing. just to the take an obscure one with, we are not opening a consulate which we told morocco that we would co. this is certainly in our interests. we're not doing it because we do not want to anger the pro-algeria stance that china has taken. and so clearly, we're at a point where we're not defending the interest of our friends and allies. remember, morocco was the first country to recognize the u.s. diplomatically, and we're abandoning it because biden thinks it's a good idea to the please beijing. stuart: okay. gordon, thanks very much for being with us. i mow you'll come back soon because this is an ongoing story, and we want your unput. gordon chang, everyone. >> thanks, stu. stuart: all right, o. the, still with us. what kid speaker pelosi, former speaker pelosi, say about mccarthy's meeting with taiwan's president?

>> a little bit surprising, if you ask me, but maybe not when you realize it seems like congress is onboard with the chinese threat. former speaker nancy pelosi offering rare praise for speaker mccarthy after he met with the taiwan these president in california. pelosi who, as you know, had a notoriously bitter relationship with mccarthy the during her tenure as speaker said the gop if's meeting should be commended. quote, today's meeting is to be commended for its leadership, its bipartisan participation and its wished and historic venue pelosi said in a statement, mccarthy hosting the meeting at ronald reagan presidential library in california, as you know. a dozen lawmakers, both parties, there. chinese embassy in washington warning lawmakers against the meeting, calling the interactions serious political provocations, and we've seen response there in taiwan to the codell that went to to taiwan to follow up with the taiwanese vice president. so a lot of high stakes. it's good to see congress

onboard and bipartisan -- stuart: exactly. yeah, it was a bipartisan group that went to taiwan, that's important. let's check futures again. it is the last day of week, tomorrow's good friday. red ink, but it's not catastrophic. the opening bell is next. ♪ i long with you, you belong with me, you're my sweetheart ♪

sfx: [alarm] every day you get to choose. do i want more? can i grow stronger? can i get better? bodyarmor lyte. more than a sports drink. ♪ allergies don't have to be scary. (screaming) defeat allergy headaches fast with new flonase headache and allergy relief! two pills relieve allergy headache pain? and the congestion that causes it! flonase headache and allergy relief. psst! psst! all good!

stuart: futures indicate a modest loss, a very small loss at the opening bell. dr barton is with many me now. in the third year of a presidency,, i'm told that stocks almost always go up. well, this is the third year of the biden presidency. is it accurate? third year, they always go up? >> it's -- the word always, if we could, if we could take that word and say usually, stuart, i think i could agree with you then. it's one of the strong stronger patterns, seasonality a patterns that we do see, and it's something that i watch closely. i know a lot of my analyst friends do as well x. this is, it's the last quarter, the second quarter is really the last quarter many a really strong string of historically

big returns during these third election years. stuart: now, in the past you've really liked lockheed martin, and if you'd put your money in hock heed martin when you said to the, you would have done very well. all right, 15-love to you. what are you looking at now? i understand you're looking at the southern company. what have you got on that? >> i am, stuart. i think lockheed martin and the southern company kind of have a similar, a similar profile in this, that they are places a that people are going to go when there's uncertainty in the market. now, southern company as a utility is a bit different than a defense stock because southern company is going on the strong because it is going to the climb when interest rates start to turn down again. that's a longer term play, but i like it. stuart: okay. in general, do you still think that stocks want to go up?

>> i do, stuart. i think we have some seasonality behind us. we talked about the presidential cycle. we have also talked about the things that are going on inside the quarterly returns. adam spoke of them earlier odd. we've had two straight, strong quarters above 5%. when that happens, stuart, four quarters later, a year later, the market is typically up about 87% of the time if we look going all the way back to 1950. so we have some good historical things happen. we have a lot of money on the sidelines, $5.3 trillion in money market funds that will eventually want to the find some fear of missing out stocks to buy. so i like all of those things. stuart: i'd like to see trillions of collars into the market. then you'd have a rally. dr barton the, thank you very much, indeed. we're just going now for the opening bell. on the right-hand side, that is

the met mets. the gentleman in the middle is the general manager. steve cohen, who owns the mets, is not on that podium. on the other side is the miami marlins, apparently. what a day. all right. the market is now open. we're off and running, and the dow is opening with a 50-point loss. we've got about, what is it, 12 the or 13 of the dow stocks up, the rest of them are down. s&p also opening just a little lower, down .22%. the level there, 4,081 is. and the nasdaq has cropped below 12,000, got that the. it's down nearly half a percentage point. show me big tech. we always show you big tech when the market opens because that's where a lot of money is. the only winner is alphabet. all the others on the downside. staying with alphabet, i still call it google, i'm told they're going to start incorporating a.i. into their searchings. you see a.i. on the prompter,

you figure it's a big deal. what have we got, susan? susan: the stock was up 1.5% in the premarket after the interview with the ceo came out, and it looks like soon just like moth did with chatgpt and bunk, google will incorporate a.i. into their search, and that's a big deal. search makes up 50% of of of alphabet sales each and every year, and google search is the dominant market player, 90% market share. there's pretty much nobody else. but microsoft says that, look, if we -- we can make which are 2 billion in revenue for every percentage point, percentage point that we steal away -- stuart: really? susan: isn't that incredible? you must love that -- stuart: well, no. that's a fascinating statistic. susan: $2 billion for every point -- stuart: market share of search, if microsoft goes up 1% in their market share, an extra $2 billion. susan: that's right.

given we're looking at a $2 trillion company, we're playing with large numbers already. so, you know, a lot of people debate that google already was the market leader when it comes to artificial intelligence. large language models is what it's called, right? hlm. and they said we -- llm, and they said we didn't want to release it until it was ready, but because open a.i. and chatgpt opened the doors, now here it is. in the future, in a few months' time, maybe you could try it too. stuart: well, i i tried it on bing. susan: how'd you like it? stuart: i didn't see much difference, but there you go. i'm not the one to ask about this. susan: by the way, google's up about 18% so far this year, in the first three months, and microsoft around 15% upside. stuart: i'm not complaining. all right. tell me about elon musk's $10 trillion plan to eliminate fossil fuels. susan: yeah. that's converting from fossil fuels will cost $10 trillion. but you have elon musk saying if

you don't, fossil fuels will cost $14 trillion to the entire global economy over the next two decades. so it's the up to you if you want to save that $4 trillion. so this means to him an urgency to lift to electric renewables. so you buy those tesla cars, buy tesla solar panels. this is part of master plan three that elon musk has released, also hinting that there could be three new tesla molds. there's that cheaper come amount car, a van -- compact car. and yesterday you had austin confirming they now have 12,000 employees. that's a tripling of head count in the past year. and so tesla has invested $6 billion into that that texas factory. they employ, as i mentioned to you, 12 the ,000. guess how much the average salary is? you'll love it. i researched because i know you like these type of stats. they get paid $47,000 each for those, on average, for those 12,000 employees. stuart: 12,000 in austin, texas -- susan: alone, yeah.

averaging $47,000. but i imagine especially in a lower tax state like, the, by the way, cyber truck set to start shipping later on this year. and pollstar came out with delivery numbers of 12,000 in the first quarter and it's the up significantly, up 26% from last year. stuart: tesla never ceases to the amaze me like elon musk. susan: yes. three years ago, i think, it was a different story from you. stuart: yeah, it was a different story, very true. left-hand side, can you please put up cost can coe on the screen? there you go, down 2.5%. my favorite store. their earnings outed. stuart: -- susan: okay, do you actually pay for the membership card? stuart: no. [laughter] susan: he'll borrow it from somebody -- stuart: what's wrong with that? >> it's $90 or something. susan: it's $100 for a family, i believe. the point is we're looking at stu not shopping as much, slowest monthly sales growth in

three years in march. you had comp store sales down by 1.5%. overall, comps down by over 1. i mean heart attacks that's a problem, and e -- i i mean, that's a problem. these are not good statistics. however, i would say they did beat when it comes to sales, and if you strip one-time employee benefits, they actually did better when it comes to profits. still the, when you're looking at declines in store traffic and online sales, not good. stuart: that is a real surprise to me. a decline in same-store sales -- susan: because it? discount bulk buying was a boom during can covid. i think that's over. tough comparables. stuart: you go the to the costco in naples, you'll never get out. [laughter] susan: thankfully, don't go there. stuart: constellation, huge liquor company, what have they got? susan: yeah, they're increase their dividend by 11%. they did do better when it comes to sales -- the. stuart: what were you fooling around about a costco cake?

susan: a costco cake? stuart: yeah, going on -- >> oh, that they had that on maria just bar they this came to us, somebody ghei a very lit aral picture of what they wanted, it was pretty funny. stuart: i'm sorry, susan, i'm digressing. let's get to something important, the banks. what have you got on that? susan: we have clarification on that western alliance deposit number yesterday because you saw western alliance down by double digits because they had this upcandidate. as a bank, why would you not tell us specifically how much you have in deposits? we saw a massive outflow in the last few weeks of deposits because of the svb collapse. i'll tell you this, that when talking to these corporate leaders, i just wanted to throw this in there, the main thing they're concerned about is not banking collapse. i thought that would be. but what they're concerned is the dollar and whether or not the u.s. dollar will be superseded by maybe a global group economy, maybe digital. stuart: they're not worried -- susan: no, they wail absolutely

are. i was shocked myself because the reserve currency of the world is the u.s. dollar for multiple decades, but people are thinking with the power and influence, economic growth of other countries, there's a concern. stuart: i'm not concerned. susan, thank you very much, indeed. coming up, do you remembering the song there from disney's "the little mermaid"? roll it. ♪ if you wonder, you know you co. ♪ -- there is one way to ask her. ♪ you don't take a word, not a single word -- ♪ you want to kiss girl ♪ stuart: oh, let me spoil the fun for you. the new live action move view has been rewritten. it's not kiss the girl. oh, no, you've got to teach consent these days. [laughter] a brave new world, huh? well, there's a new documentary called gotham: the fall and rise of new york, and it tells the story of america's greatest turn-around.

the director's going to be with us. i want to the know what he's saying about new york city now. st sinking again. we'll be back. ♪ i'll make a brand new start of it in old new york. ♪ if i can make it there, i'll make it anywhere ♪ my relationship with my credit cards wasn't good. i got into debt in college, and no matter how much i paid, it followed me everywhere. the high interest... i felt trapped. debt! debt! debt! debt! so i broke up with my credit card debt and consolidated it into a low rate personal loan from sofi. i finally feel like a grown-up.

break up with bad credit card debt. get a personal loan with low fixed rates and borrow up to $100k. go to sofi.com to view your rate. sofi get your money right. if your child has diabetes, you'll love how easy dexcom g7 is. it's on. and, he's off. you can see his glucose numbers right on your phone, so you can always be there for him with dexcom g7. ♪ if you wonder, you know you.

if you have this... and you get this... you could end up with this... unexpected out-of-pocket costs. which for those on medicare, or soon to be, is a good reason to take charge of your health care. so consider this. an aarp medicare supplement insurance plan from unitedhealthcare. why? because medicare alone doesn't pay for everything. and what it doesn't pay for, like deductibles and copays, could really add up. even thousands of dollars a year. medicare supplement plans help by paying some of what medicare doesn't... and making your out-of-pocket costs a lot more predictable. call unitedhealthcare today and ask for your free decision guide.

learn more about plan options and rates to fit your needs. now if you like this... greater freedom... you'll love that medicare supplement plans have no networks and no referrals needed... see any doctor. any specialist. anywhere in the u.s. as long as they accept medicare patients. these types of plans also give you more flexibility when traveling in the u.s. your plan goes with you... anywhere you go in the country. even better, these are the only plans of their kind endorsed by aarp. call unitedhealthcare today for your free decision guide. so if you have this and want less out-of-pocket costs... and more peace of mind... consider adding this. an aarp medicare supplement plan. take charge of your health care today. just use this...or this to call unitedhealthcare

about an aarp medicare supplement plan. stuart: 12 minutes into the trading session, and the dow is down 112 the points, the nasdaq down 87. i see some red ink. new york city's mayor, eric adams, he struck a deal with the largest police union in the city. >> the big takeaway is the new officers' starting salary, $12 the ,000. this, of course, happening among dwindling recruitment numbers, $12,000 is the additional amount in the first-year salary. the 8-year agreement which is

retroactive to august 27th must be if approved by the pba would start rookie cops off at about $55,000. $5.5 billion also gives officers a 3.5% raise this august and a 4% raise next august, i should say, on top of back pay for the six years previous. so a little bit more money. being an officer in the city, you need it. stuart: they deserve every last pen first case cload closed. our next guest has a documently out about fall and rise of new york city. roll tape. >> new york is a mess. >> you had to literally fear for your life. >> it was terrible. the city wasn't safe. >> there was a lot of crime, there was a lot of ya fitty. -- graffiti. stuart: matthew taylor directed gotham: the fall and rise of new york, and matthew joins us now. crime rampant in the 1970s, and the city was almost

bankrupt. by 2000 there was a turn-around, bigtime. what happened? >> well, you know, you had a number of people come together in the early '90s both on the bill clinton was elected, and elected, he brought in bill bratton, and they focused on reducing fear and disorder and getting down crime. of course, the welfare numbers went from 1 12 million down to o 425,000. they cleaned up the neighborhoods, and they took the most dangerous city in america, 2200 murders in 1990, and they brought it down to the 700 by the midterm and then almost down to 300 or under 300 under bloomberg. so if you could do it in new york, you could pretty much do it in any major city. and service the, i would say, the most amazing american urn the-around probably in the history of the city with these kinds of results. stuart: but what can you do now? now the city is absolutely

sinking. crime all over the place. you know, can you do that kind of turn-around again? are the people in power in place for a turn-around? >> well, look, you know, i think that when mayor adams was elected, there was a certain kind of crying out of the city. you know, he was a pro-business, pro-police mayor, and new yorkers had been sick and ire thed of what had happened -- tired of what had happened during 2020 the into 2021. so the mayor has made some efforts. crime has been reduced this year from last year by 14.9%. and so i think that the big problem is bail reform at the state level. you know, albany's going to have to work with the mayor to help reduce some of this crime. but citizens of new york clearly do not want this, hay adopt want the graffiti, danger on the subway, and and they did make a choices in 2021 to try to reverse that. stuart: let me go back to the under the-around of new york city. can you pick out one person who is the great hero of the

turn-around? who was it? >> you know, i think rudy giuliani, ultimately, brought in the right people like bill bratton to basically spearhead these efforts. of course, bill bratton the had helped reduce the crime in the subway, but giuliani really let him, you know, go all, full bore on crime. and, of course, you know, with a number of other methodologies, they were able to reduce the crime fairly rapidly. most of this the happened just in four years in the first therm term. stuart: okay. anybody else you'd care to mention? >> well, you know, i think ultimately, you know, ray kelly would come in later under michael bloomberg and would further reduce crime. you know, they'd clean up even more of the city. of course, maybe they pushed stop and frisk a little too hard, but ultimately it was net positive when the crime -- i mean, look, under 300 murders out of 8.5 million people are un-- is unheard of in any city in the world. stuart: it just fell apart so rapidly, didn't it, just in the

last two, three, four years. you wouldn't care to mention de blasio as perhaps the worst mayor in the history of myself? anything to say about him? >> even de blasio brought bill bratton in for the first three years. but again, when the city was so safe for so long, ultimately, he let it go, and the city plummeted as quickly as it came back in the '90s. stuart: it kid. worst mayor ever for new york, and that's just my opinion. matthew, you're all right. how do i see your documentary? the how do i see it? >> you can see it on itunes the, amazon prime and google play. stuart: got it. thank you very much is, indeed, matthew. >> thanks for having me. stuart: now this: san francisco police are still trying to track down the killer of cash app founder bob lee. todd, i understand that that his family wants the city to be held accountable. >> they need to be because you mentioned new york. san francisco's not much better, stu. police in the bay area say the investigation into the murder of tech mogul and cash app founder

bob lee still in the early stage things. the 43-year-old father of two fighting for if his life after he was stabbed multiple times outside of a luxury apartment building early tuesday morning. he was rushed to the hospital where he later died. lee's father posting this absolutely heartbreaking note about his son, quote: i just lost my best friend, my son, bob lee. he would never look down on anyone and adhere to the a strict no judgment philosophy. bobby worked harder than anyone and was thest person i have ever known. one of lee's colleagues blaming san francisco's former d.a. and local lawmakers. quote: chesa boudin and the criminal-loving city council that enabled him, a lawless san francisco for years have bob's literal blood on their hands. take the action. there's some truth to that, stu. chesa boudin allowed criminals to walk, created a city of lawlessness much like new york city, and people are paying the price. stuart: he wrecked the city or helped wreck it. donald the, thank you. coming up in just a few minutes,

the masters gets under way in augusta a the, georgia. avid golfer brent with baer wit. travelers have another summer of struggles in sore store. the faa warns an air traffic controller shortage. the report on that after this. ♪ ♪ fly like an eagle, let my spirit carry me. ♪ i want to fly -- ♪ ♪ the all-new chevy colorado is made for more. bring more. ♪ do more. ♪ see more. ♪

and be more. ♪ the all-new chevy colorado. made for more. ♪

when people come, they say they've tried lots of diets, nothing's worked or they've lost the same 10, 20, 50 pounds over and over again. they need a real solution. i've always fought with 5-10 pounds all the time. eating all these different things and nothing's ever working. i've done the diets, all the diets. before golo,

i was barely eating but the weight wasn't going anywhere. the secret to losing weight and keeping it off is managing insulin and glucose. golo takes a systematic approach to eating that focuses on optimizing insulin levels. we tackle the cause of weight gain, not just the symptom. when you have good metabolic health, weight loss is easy. i always thought it would be so difficult to lose weight, but with golo, it wasn't. the weight just fell off. i have people come up to me all the time and ask me, "does it really work?" and all i have to say is, "here i am. it works." my advice for everyone is to go with golo. it will release your fat and it will release you.

♪ stuart: half an hour ago the proit's was peaceful, they were dancing in the streets. times change. half an hour later, the violence has start is thed. that looks like a riot to me. we've seen tear gas thrown, the police in riot with gear. that is a riot, and they're all protesting because macron, who is currently in beijing, china, wants to raise the retirement age from 62 to 64. i cue the riot. now, we may have another nightmare at airports in america this summer. lydia hu at newark airport for us. how bad are we august the, lydia? >> reporter: hey there, stuart. the faa says that delays this summer could increase by 45% at new york city area airports over

last summer's delay rate. that's a huge jump. and the faa's short-term plan is to work with airlines to allow them to offer fewer flights. they say fewer flights means less congestion, fewer delays. they're allowing airlines to offer -- to cut about 10% of their flights. but experts say that could make flights a lot more ebbs especially -- expensive. watch. >> the fact that the airlines are now reducing flightses in and out of new york means fewer flights and fewer e seats, and that means fewer low fare seats. so don't wait for that. >> reporter: now, the problem driving this issue is that there's a nationwide shortage on air traffic control canners. according to the faa, the air traffic control center on long island is staffed at 54% of what's needed. that's below even the national average of 81% currently. so far jetblue and american airlines say they're going to run fewer flights to the three

new york city area airports, jfk, laguardia, knew back. dell a the considering its options, but it has asked for permission to out cu up to 0% of flights. travelers here, we talked to them, they're not happy about this. it looks like this summer fewer flight options, more expensive ask possibly a lot more makings. back to you. stuart: oh, boy. we have been warned. todd the, i know you're traveling this summer, i bet you're not flying. >> no flying whatsoever. we're hitting the car. stuart: here's what's coming up, bret baier joining us, jonathan morris, dr. marty makaryly. the 10:00 hour of this thursday, last day of the week for the market. "varney & company" continues. ♪ set me free, why don't you, babe? ♪ let me be, why don't to you, babe? ♪ 'cuz you don't really love me, you just keep me hanging on ♪

lomita feed is 101 years old this year and counting. i'm bill lockwood, current caretaker and owner. when covid hit, we had some challenges like a lot of businesses did. i heard about the payroll tax refund, it allowed us to keep the amount of people that we needed and the people that have been here taking care of us. see if your business may qualify. go to getrefunds.com. the future is here. we've been creating it for more than 100 years, putting the most advanced technology into people's hands. generation after generation. tool after tool. again and again.

bringing you the broadest and most reliable network of service dealers. always moving forward. we lead. others follow.

♪ i wanna hold you forever ♪ hey little bear bear. ♪ ♪ ♪ i'm gonna love you forever ♪ to have and to hold from this day forward. ♪ you don't... ♪ c'mon, bear. ♪ you don't have to worry... ♪ ♪ be by your side.. ♪ ♪ i'll be there.. ♪ ♪ with my arms wrapped around... ♪