>> joe bind's overseas and epa director goes out and talks about the new cafe standards. what a chicken. you know what, the president should have been here to announce it himself but he wouldn't do that . there's no way because it's not

palpable within the story of america. >> bad news is the war on local inflationary train. >> i want the fed to pause but i don't think they will because they're so intent on lowering inflation they'll cause the economy to move into a recession. >> we're see ago move back to big tech and a lot because of double digit earning ands a lot being powered by ai and everything is about ai at this moment and big players in ai driving those earnings. >> while people are winning their jams and worrying about inflation, thoughtful investors are putting capital to work. ♪ stuart: it's 11:00 on the east coast and it's thursday, april 13th and check those markets. this looks to be like a rally. there's favorable inflation number this is morning and that is a 2.7% increase in producer

price over the last year. that is a significant cut in inflation rate at that level. result: dow's up 120 and nasdaq up very solid gain up 1.3%, well above the 12,000 level and 156 points higher. show me big tech, i presume most if not all are up. that's correct. amazon is up 3%. meta 2%, apple 2%, alphabet and microsoft both up more than 1%. here's why big tech is doing well and why the yield on the treasure and 10-year treasury up slightly in the last couple minutes and all the way down 3.41% and that's what big tech likes and downside move in treasury yields and that's what we've got. that's the markets, now this. final lauren: the elites are beginning -- stuart: finally the markets are understanding the elites and council on economic

freedom and reason and rational discourse. what a concept in the university. the fact that harvard has to bring on a special council to support free speech and that speaks volumes. where have these people been? for years the woke left claiming the right to shut down without any speech they don't agree with and expressing unpopular opinions on race, gender or sexuality and causes actual harm to the people who listen. the speech of a federal judge saying your work caused harm so you can't speak. it's on the dubious grounds of safety that the left tells you when to shut up. when they're done with college, they'll move onto corrupt the top corporations and it's not safe for conservatives to speak freely, good heavens, they might promote a meritocracy instead of equity. remember when senator josh hawly

asked a professor at berkeley if a man could have a baby? that promoting violence and came from a noted professor at an elite college. some academics have felt the fire of the left and they don't like it. one harvard supporter of the new academic freedom council is former treasury secretary and former president of harvard, larry summers. he had made the mistake of suggesting that women do not have the same intrinsic up attitude as men in mathematics and then he was out as president and now he's a harvard supporter. it'll take time to turn the woke movement back and best place to start is free speech in universities. the free speech movement is starting 50 years ago in berkly, california. third hour of varney starts right now. ♪

stuart: ben domenech with me this morning. i'm fired up, are the elites recognizing the value of free speech? >> stuart, i like when you get fired up about things and nothing you should be more fire department up about than the issue of free speech particularly in the types we've lived in america and that seems to be something increasingly objectionable as opposed to been ago issue that could unit right and left. on the importance of speaking freely and speaking your mind about the potential of having your life ruined and your career canceled but ramifications that essentially send -- are designed to send you to the poor house and we should have something defending that value in the public square. that's something that the elites are increasingly coming to understand is something that's so intrinsic to american ideas and to the way that we approach

a living in this country. it does need to be defended and otherwise if they're going to be consequences for them and it's a elite institutions like harvard are not going to defend free speech and what good are they for the country? what are they offering us in terms of outcomes beneficial to us as a society. and i think they understand there would be political consequences for that and we need short term orientation stand up and we should understand how intrinsic free speech is for every american. stuart: it's a learning everybody and we're on it. next one for you, ben. anheuser bush lost more than $5 billion in value since announcing their partnership with dylan mulvaney, the transgender influencer. here's what 2024 presidential candidate vivek ramaswamy had to say. >> now ceos are compensated not just on shareholder value maximmaxization goals but esg gs

and it's a cynical game to blow woke smoke to account for the failures of the businesses and i'm doing it on the campaign trail after years of saying it. stuart: is he the new or tick ae voice of millennials? >> what's important about this issue is so many people are trying to figure out ways to hack the current woke system that we have within the context of these corporate entities trying to promote their brands through various influencers and in this case i think dylan mulvaney got something that was sent out to lots of different influencers, you know, who had certain levels of followings, but they actually didn't intend to turn him into a brand influencer or brand ambassador on the same level of different people they embrace and the consequences for budweiser have

been really terrible. i think what you're hearing from a lot of gutierrezers across -- distributers across the country is they have no controls of the marketing influences an the country and there's a real problem when it comes to the way these brands are engaging with people who aren't just -- don't just have big followings and engage in political speech and cultural war speech and frankly quite convert y'all and it's a real contrast with the like all american, you know, sort of benign inoffensive things like the great commercial thing they had with miles teller and his wife during the super bowl. budweiser and beer brands should not be waiting for the realm of politics and waiting for somebody and not pick sides for someone that's a brand mistake and it's in an instance.

stuart: ben, thank you for being here. we appreciate it. ben domenech. just in, there's reportedly been an arrest in the murder of the cash app founder. that will be bob lee, san francisco. what do we know? lauren: san francisco police department have reportedly arrested a fellow is to being of bob lee at april 4, 2:00 in the morning. police have not confirmed the identity and said he was a tech executive and he lives in the bay area and knows bob lee. bob lee moved to miami and was in san francisco for a tech conference and nobody came to help him. mayor london breed said, listen, everybody calm down. you're going to be surprised by the facts of this story as it comes out. i would say, when we find out who the tech executive was that was the alleged killer, people will be surprised. stuart: we'd suspect it was not a random killing.

lauren: correct. stuart: that's a important thing. lauren: or robbery. stuart: lauren, thank you. back to the markets and that rally is holding. we're at 99 minutes into the trading session and the dow still up 140 points and the nasdaq is up, let's see now, the nasdaq is up 140 itself and that is 0.42 -- sorry, 1.3%. big rally for the nasdaq. dr martin with us this morning. dr, same question to you as our other guests, looks like inflation has peaked and banking crisis is at least winding down. are you now bullish on the stock market? >> yeah, stuart, i've been bullish with you for quite awhile now, even dating back to october on and off, we've been talking a lot about the positives, some of the tail winds behind the market and i think one of the things we're going to see starting tomorrow is the big banks telling us that we're getting back to normal

with the banking world that that uncertainty is out. i don't know that it's completely out yet, stuart, but the things you're talk about, lower inflation and moderating inflation, and that lack of uncertainty in our banking system is going to give people some f-o-m-o, fear of missing out on big moves, they're still to come. stuart: if inflation is winding down and the banking crisis is at least easing, where do you put your money? where do you get the biggest bang for your buck? >> well, those are two really good questions and a bit different for me, stuart, where you put your money if you have longer term money but i sit for the stock? my notes to look like a mining stock right now. i believe that gold prices are metal prices are going to stay elevated and not that they're going to go to the moon and they're going to stay elevated and getting that kind of stuff

out of the ground and are going to be rewarded for the investments be they may and gave you a freeport and i like when they're doing and money going forward. stuart: free freeport macmoran. dr, thank you, sir. see you next week. prince harry is officially going to the coronation. but meghan will stay home in los angeles with the children. we'll find out what -- we'll find out what the britts think about meghan staying home, shortly. the president is blowing off questions from the press but kids can ask whatever they want. roll it. >> any of you guys want to ask me any questions? what do you want to ask me? what's your question? stuart: i don't know how they all ended up but they were all

softball questions and biden still struggled to answer them. we're on it. new poll showing there's a lead in the candidates and thinks we could get more support in a recession. i'll ask deroy murdock about that. deroy is next. ♪ 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.

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stuart: president bind continues to dodge the press while overseas and made time to answer questions from children. ashley, he didn't interview with those questions; right?

ashley: yeah, we don't mean the media but actual children. the reporter evading reporters let his guard down and fielded hard hitting questions from children. take a listen. >> any of you guys want to ask me any questions? what do you want o ask me? what's your question? susan: the president's son hinter and valley owens raised

eye bros and even reporter for cbs no less and there's a perception and the trip is about tree planting, bell ringing and taxpayer funded family reunion. the president issue reporting staff not a happy bunch and won't answer their questions. stu. stuart: basement strike thaty all over again. worked last time. ashley: duck and cover. susan: that's argute one. stuart: four republican congressmen in florida supporting donald trump. not florida governor desantis. reportedly desantis is calling them to get them to delay or change their minds. deroy murdock with us this morning. looks like trump is running away with the nomination. >> sure, alvin bragg did a huge favor for donald j. trump which is turn this guy into a sympathetic figure and he's a victim and people feel sorry for them and people support him before and rallied around them and i like jeb bush who was no big fan of donald j. trump and said this whole thing is unfair,

inappropriate, and there's been a rally around trump. stuart: yeah, the more biden looks to fail in so many areas, the better trump looks and the more trump looks like he's being picked on by weaponnized judiciary, the more support he gets. look at this poll for winthrop university. south carolina voters overwhelmly support donald trump 79% and south carolineans nicky haley and tim scott got 18% and 17% respectively. trump with 58% support from republicans around the country. the gop is still trump's party. >> it is, and more so than before. as long as they keep constantly attacking tram and doing so unfairly on a way to completely violates the norms in the country and dew process and more people grab a look around them

people mis-that and more. stuart: the greater of failure is the greater of biden's policies and more support trump gets. >> correct. stuart: my question is about bind. can he keep up this basement strategy all the way through to the next election? >> people like us can demand he answer questions and what's the question is where will the economy be a year from now? it looks like we've avoided this bank meltdown and that would befall us three weeks ago and inflation cooling down and anything calming down and economically going well and things go and toss this guy out and send back to delaware. stuart: forgive me for asking the same question i've asked so many people. conventional wisdom is trump wins the nomination and beats them all. he's the republican guy and does not beat his opponent.

he cannot win in the general. what say you? >> i think it depends on where things are now and then. if we've got china completely out of control of god forbid taiwan invaded and awful happening and inflation and israel shooting up 5, 6% and a lot better than 9% and goes back up in the high and single digits and triple digits and people say we get past all the questions. stuart: did you get into a recession? that's not good for a presidential candidate. >> the question is are we better off than four years ago. people have to answer this question. and if biden stays in and say time to put trump behind him and the strength and prosperity. stuart: trump has legal problems and they'll stretch out for a long time to come. >> that's the whole goal and a lot of what democrats want to do and whether he was convicted and want him tied up and just wrapped up in this kind of quick, legal quick sand if you can between now and then but at

least for you, it's working to vanish and he's being picked on and done so in a way that's i think rather illegal and inappropriate. stuart: politics is fascinating. you love it. >> that's why we're here. stuart: deroy murdock, thank you, sir. see you real soon. trump suing former lawyer, that would be michael cohen. ashley, why is he suing him and how much is he demanding? ashley: well, $50 million off the bat. that's how much he's suing for and expects to get more. trump claims that cohen breached his attorney/client relationship by spreading also hoods with malicious intent and holy self serving ends and all of this trump claims after signing a confidentiality agreement and 30-page lawsuit accuses him of unjust coercion is contract. cohen's attorney told fox news digital that trump appears "terrified by the looming legal

apparels and is trying to send a message to other potential witnesses that are talking about prosecuting against him and cohen has nothing to do with the indictment by manhattan da alvin bragg. the suit is demanding that cohen pay actual compensatory, incidental and punitive damages for an amount to be going to trial and they expect that to substantially exceed $500 million. stu. stuart: compensatory. ashley: compensatory. thank you. stuart: you and i born and raised in england, there's a different pronunciation of various words. it take me 50 years to get used to it. back to the markets and a solid rally. got to say it and nasdaq up 153

points and s&p up 2% and that's a rally following the favorable inflation news this morning. big tech up across the board. they're the ones benefiting most from the lower interest rates and this lower rate of inflation. apple is back to 163 and 2% this morning. huge move for a company that size. amazon 2.8% and meta 2% and microsoft and amazon also on the upside and alphabet 2%, microsoft 1.6% and that's a rally. now this, a warning before you hop in an uber, your next ride might be recorded and uber call this is a safety tool, but it's got some riders worried about their privacy. we'll report. uk prime minister is rushing to defend president biden. he insists they have a great relationship as the white house rejects speculation that biden is anti-british. nigel farage, he's british and

he's next. ♪

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stuart: solid rally and dow up 160 and harper lanes a percentage point and nasdaq up 1.3% and follows inflation news this morning. yesterday this same rally faded and today so far so good. okay. he's very serious and making twitter into that super app meaning you can do everything on it to socialize and pay and trade. teaming up with e torr row to offer stock and crypto trading to the users and can't make it in the twitter app itself and follow a link button to the site and make crypto and stock trade. the role today not on my twitter app and twitter being serious about this and it's being registered as company x in nevada and musk mo moved from

delaware after admitting he was forced to buy twitter after looking to lose that lawsuit in the delaware court to back out of the deal and twitter roughly breaking even after cutting 80% of staff. stuart: believe him? susan: i need to see evidence and take everything with a grain of salt he says. crypto crassed ethereum last august and upgrade to make more either available to read the fed funds future and yields are coming down and more than two-thirds of wall street and one more 20-point basis hike next month and they now all mutt put in probabilities of a cut

next month and zero putting that line in i was surprised and apple by the way, if i want to talk about techniques and they're tripling iphone production in india 10% of iphone and you happen on new ai cloud services. stuart: a successful transition from manufacturing from china going to india and maintaining quality and output. they're doing okay with that. susan: right and that's boomed 7 billion for india. stuart: what's with nex flicks, straight up today. susan: one of the best performers despite that goldman sachs calls netflix a sell. we're outperform despite what goldman sacks says and it's a catalyst call buy and looking at performance draft kings upgrading as well.

is stock goes up no matter what they say. rioters shot off flares going in to protest from 62 up to 64 and the protesters think the rich should contribute more to fund the pensions. chief executive of lvma is the richest man in the world with net worth of $224 billion according to forbes. look at paris right now, hundreds of people protesting and looks like dozens at this moment. previously we need to comment on the riots and name is nigel and starting out with input for the

french. go ahead. >> absolutely the french are revolting. >> >> if they don't like the legislation, they block the highways and if the fishermen are unhappy, they block the port. i was being a bit tongue in cheek but this is a place where open public revolt is part of their culture and we saw it with a jean and now this unrest is not just about the age going from 62 to 64 but them feeling that macron and paris are completely disconnected from their lives. susan: that's interesting. prince harry will attend the coronation and prince meghan staying home in california with what do the britts think about

that? >> it's a relief to everybody. i think if she had come, she'd have been such a huge focus of attention for the cameras and commentators and this day is the king and harris a bit of distraction and meghan would have been booed by the crowds and harry i don't think he'll be booed. he's not coming for very long and real lightning visit and he'll be here for not much longer than joe biden visiting northern ireland. it's his dad and his dad who's having the crown on his hoed. i've reached the view it's right for harry to come but america will only borrowing him for a couple of days. he's coming back to you. you. stuart: i hear, nigel, the royal

family concerned about any conversation harry mightr the kt some of the conversation can be leaked in megan's book and supposed to appear for him. varney said this and that. you can't imagine it and happening at their level and that level of distrust, do you know what, i don't think this can ever be mended and i think they'll stay on the west coast for america for the rest of their lives. lives. stuart: okay, leave it there. the relationship between america and britain is in "great shape. i thought there was some speculation briden doesn't like the brits. >> when a bomber came to the uk

and any part of the flag and union jack on his car and when biden went to cop 26 two years ago in america, he had the american flag and, yes, the union jack on his car w. biden goes to ireland last night, he has the american flag and the irish flag when he was in northern ireland yesterday it was the american flag and the presidential flag. he wouldn't even fly our national flag in northern ireland. that tells me all i need to know. he's never liked the british and always been biased against us. our relationship is with the two countries and frankly in the fridge at the moment. it's a great shame because we are still the biggest foreign investor in america. you are the biggest investors here and we need a trade deal to reduce barriers and good for companies and consumers on both sides of the pond.

stuart: thank you, nigel. secret service reportedly monitoring pinterest and i don't think they're looking for new recipes or outfit ideas and we'll have the full story, promise. white house scorched with green cars and is it working? new poll shows 47% of drivers not buying ev as next car. is cost the only thing holding them back. madison alworth has the story after this. ♪

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permex petroleum is leading the charge in the prolific permian basin with an attractive portfolio of oil, natural gas, and royalty assets. with expanding drilling operations and plans to uplist to the nyse, permex petroleum is poised for growth. stuart: we're having a rally based on favorable inflation

numbers. uber rolling out their record my ride safety feature in new york and allows both drivers and passengers to record audio during the trips and uber said no access will be given to anybody for the recording unless someone files a safety report. uber is up today $31 a share. the epa announced new emissions rules that would require math madison alworth going through drivers. reporter: stuart, the state man at a timed all cars sold by 2035 have to be electric and most cars on the road today are gas and most people don't want to give up their gas vehicles. right now.

electric car drivers only make up 4% of drivers in the 41% of drivers absolutely do not want to give up gas. what we found here is that people are weary of the technology, they don't think -- they don't like being told what to do, but some are willing to make the chaining for the environment. take a listen. >> i live kind of out in a rural area and there's not like all the hookups, plus, just the extra expense of the cars and cost so much more. >> i don't own a car and take public transit if i did own one, i'd want to own an electric car because i care about the environment. >> electric is good for the environment and probably be better in the future. >> it's intruding on our rights and freedoms. reporter: the first gentleman you heard from virgil from north carolina, he's right. cost is a big factor for the buyers. the average new electric vehicle around $12,000 more than its gas

counter part and that's the average. a lot of variety within the two categories and here's the thing epa estimates that a new car would cost $633 extra if the rules went into place by 2027 and it would put an extra $1,200 on the cost of each vehicle by 2032, which is when they want to have this rolled out. a lot more money and the reception from the american population is not there. stuart: why they're pushing so hard when we depend on china for the batteries. how did he respond to that, ash? ashley: yeah, epa administrator michael reagan asked by that reporter how can the administration balance climate goals and resews.

>> it kicks in in model year 2027 and we hope we can take advantage of the runway and follow investments of the historic legislation and bring battery manufacturing back here domestically. ashley: you have to walk and chew gum at the same time. the problem is some of the critical raw materials that go into ev batteries are only found overseas and guess what, china controls much of the supply and not only that, the administration issued new rules last year that excludes the

rioters are tearing and you happen that's tear gas. it's a riot going on for some time today and in months past and the french don't want to have their retirement age raised to 64. it's currently 62, they're rioting to stop it going to 64. i find that extraordinary. you retire at 62 and you want to keep that going. i'm exasperated. show me the dow 30, please. the 30 stocks getting away from riots and this is a riot itself and dow up 33,080 is your level and most of the dow 30 on the rise. okay. you could soon be taxed more based on your job. democrats in washington state want to penalize people in jobs that they think make too much money. jason rantz has the story after this.

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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: show me pinterest and secret service monitoring counts on that site.

a government watch dog group show agents are looking at content on pinterest, twitch and only fans. it's unclear why fox business reached out to secret service and they declined comment to ensure "the highest levels of integrity". but they're looking at pinterest contest. democrats in washington state want to target high paying jobs with more taxes and excess compensation tax woulded a a 7.5% penalty on all jobs that pay more than 10% above the state average. they're going to start with hospital administrators and reportedly move out from there why would anybody with serious money stay in washington state 124 >> i think we'll find out the answer to that in the next 12 years or so. year or so. a lot of folks are starting to leave and you and i talked about the washington supreme court decision that redefined a capital gains tax as excise tax

instead of income tax, which is obviously is. we all warned at the time the democrats are going to push forward to see what they can get away with so now they introduced this excessive compensation tax which to your point is the hospitalled a might be straiter jobs and they deem it too much and anyone that thinks they're going to stop is naive. they're testing this out to see how much more they can get away with and oppose a wealth tax. they can just claim an excise tax and not going ahead and do that. stuart: they want your money basically. another one, jason, democrats getting closer to ban assault weapons in washington state and the bill says in part, the industry has marketed these weapons as tactical, hypermasculine and military style in a panther overtly appears to doubled young men intent on becoming the next shooter. that's pure politics, jason.

have at it. >> yes, it is. not only pure politics and gets to the issue. we have guns on this list that are not being used in even a fraction of a fraction of the gun crimes in washington state. they'll tell you you have to go back years for something that's relevant and point to issues happening out of state and a gun violence problem and the democrats are rendition of anthony leasing violent criminals and they're pursuing policies and i'm not even making in up. it's not hyperbole that go easy on school shooters and there's a bill that would cut out certain amounts of years for a punishment for school sheeters for school drug dealers while at the same time they're trying to disarm the law-abiding citizens. look, you and i we follow the law and the people here are law-abiding. we follow the law. the bad guys don't and they'll get access to the guns and now frankly they'll have even more

powerful firearms than the average citizen. it is a recipe for disaster. stuart: you know, jason, you bring us a long running tale of whole and never seem -- woe and never seems to improve or change the politics. i don't get t i don't. last word to you. >> i don't get it either. i keep waiting for folks to start to wake up. i think in large part it's because the media locally don't connect the dots and granted i do that but i'm one person in a large sea of media members. i hope some people start to step up and tell us what's happening to see political change. stuart: you do a ra radio talk w and hope people are talking and listening to you. thank you, jason. time for the thursday trivia question. it's a good one and i don't know the answer without looking it up. when was the declaration of independent actually signed jult february 20th, 1777? the answer after this.

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stuart: so, when was the declaration of independence signed? off the top of my head, ashley, i don't know. do you? >> i have not a clue. so i go with my gut and, never gets me, november 6, number three. stuart: i will go crazy, say it

is february 20, 1777. okay, we're all wrong. august 7, 1776. wouldn't you know it ash. i want to show the markets well. have a rally going on. yesterday we had a rally after the opening bell. we pulled back by the close. after two hours of business we're still going up. dow is up 170. nasdaq up 172 big gains. don't forget to send in your "friday feedback," email us at varneyviewers@fox.com. send in the good stuff, please. i like to see it all. praise, flattery is good. a little hate mail doesn't hurt. that is it for "varney & company" this thursday. "coast to coast" starts now. neil: take a hike in may then go away? i am not talking what investors might do after a summer dash out the door. i'm talking about what the federal reserve might do, hike rate up with last time before finally slams the door.

yod