i almost exclusively go to the movies for the popcorn. [laughter] >> smart moose. >> very start. if this is a drive-in movie outdoors, i get have the most could show up, how did he open the door and get by the usher? what dork can he fit through? i question the validity of the video. >> i love it. mark. >> you know inflation is bad when the moose walks into the movie theater and sees the prices at the concession stand and goes to the garbage instead. >> not going to get arrested. [laughter] >> i think i'll help myself said the moose. great show, thanks very much. great to be with you, a market is lowered, waiting for the earnings after the close. varney & co. picks up here. stuart: good morning. could it be another biden trump

election? it is possible. three hours ago president biden released his three minute video announcing his reelection campaign and spent a lot of those three minutes bashing maga republicans and goes heavy on healthcare, climate and abo abortion. more on that in a moment. leftists run the biden campaign. julia chavez when granddaughter of the farmworker and rafael warnick's winning senate campaign, they will run the biden campaign. donald trump seems to be running away with the republican nomination. steve days, influential senator from montana is now back in trump. florida's government desantis so not officially announced his candidacy press by sean hannity last night and said stay tuned. to the markets, a lot going on with your money today, or early this morning pepsi, ge, gm, 3m and mcdonald's issued the

financial reports. solid numbers across the board. all the stocks are up in premarket trading and mcdonald's may be the start of the day and another record high. dow industrials will open to the downside maybe 70 points lower, nasdaq done about 50. look at microsoft and apple but, premarket quotes. earnings will be recorded after the closing bell, a very big deal. pay close attention to how they are doing with ai. but going last time i checked was $27000, that's where it is, 27.3 this morning. the theorem is down $2000. the ten year, quite a lot down there at 343. yesterday was well above three and a half% below that level today. the two-year just living above 4%. yield is done 4.03%. six-month holding on to a 5%

yield. on the show today, biden runs the administrative state were bureaucrats not boaters run your life. the president wants to transform america. the crisis in our cities, we will show you the target store where everything is locked up. tuesday april 25, 2023 army and company is about to begin. ♪ ♪ ♪ stuart: nothing holding you back. i guess that's got something to do with president biden's announcement, nothing holding you back. he's running for reelection. it's another story. president biden has announced his reelection campaign first thing this morning about three

hours ago. >> it was a motive, he touched on social issues, freedom, voting rights and maga republican policies threatened those rights, he didn't focus on it his own policies. here's part of it. >> when iran for president four years ago i said we are in a battle for the soul of america and we still are. the question we are facing is whether the years ahead we have more freedom or less freedom, more rights or fewer? i know i know what the answer is, it's not a time to be complacent. that's why i'm running for reelection. >> about to finish the job even though many americans are not happy with the job he's done so far. right now is running on his record. judge it how you'd like. as of now president trump is

running on the other side on his record. report card versus report card. stuart: he looks like they could be head-to-head again. look who's here now, we need this guy governor mike huckabee, former governor of arkansas father of the current governor. let's not get too bogged down with titles. the headline in the washington post this morning, democrats reluctant about biden 2024 bc no other choice. seems like another great deal of enthusiasm. >> there's not. the old story of the optimist falling off hundred story building and somebody heard him say at the 80th floor so far, so good i think that's all the democrats have these days they are just saying we got show. face it, joe wasn't even awake when this video was released, he was still sound asleep. he'll get up in a couple of hours and say didn't run? they will say yes, joe, it did.

honestly in the video he sounds not like somebody was going somewhere, he sounds like somebody who's sorry he's been. i want to mention this quickly, that picture of the target story in san francisco to me says everything everyone needs to know about democrats in power. this is how they look at life. rather walk up the merchandise and the people stealing it. that's why we need a serious change in this country. stuart: i'm going to steal outline and use it later in the show. a good one. [laughter] what you make of the role of kamala harris? she's on this team, what you make of this jewel going forward? >> she's the only person i know whose own speeches are so bad she makes joe's look coherent. she's the person they shipped off to foreign countries where she gets into word salad best described as top salad because it doesn't make any sense.

stuart: i'm sorry to interrupt you but it seems the country is in danger here. we got the president whose 80 years old and a vice president in whom is very little confidence in this country, i think the country is in danger something, heaven forbid, happens to president biden. >> we pray everyday he somehow hangs on because the person in the bullpen is not exactly able to throw a pitch across the plate. i think it is really a concern but look at the bigger picture here. joe biden has no record to run on, he can scream all you want about maga republicans but a lot of us like to see when the border is secure, historic things in the middle east, regulation was under control, taxes are being cut, businesses were bringing back manufacturing jobs and we were energy independent for the first time

in 75 years i'll take that any day. the week and twice on sunday. stuart: your daughter, the governor of arkansas is taking on bud light. this is the will and mulvaney controversy. you know it's coming. watch this. >> some big companies can't tell the difference between real and fake anymore. ♪ [laughter] stuart: is your daughter leading the pushback on woke corporations? >> my daughter is proud to be a woman. she understands it gives her a sense of distinction and she doesn't want to be something she isn't, she wants to be the person god made her to be. i thought this was hilarious because it's tongue-in-cheek pushback against these people if you just wear a wig and makeup and you go ahead talking falsetto voice, it makes you a woman but it doesn't. a woman is something created by god. so are men.

sometimes the french might say viva will difference but we've got people who are totally confused and i think are creating a great deal of confusion in this country. stuart: echoed a different exit so what? thank you for joining us this morning. we will see you again later. now look what we've got, that case report on home prices. backward but still important. >> prices kept rising .2% from january come up for -- .4% from february. so rising but the annual pace of growth is slowing and slowed ten months in a row. good news if you're looking for a home. the theme? florida. mama tampa of the hottest cities, price growth of ten and 7% respectively. stuart: a wonderful thing for florida. >> not if you're looking to buy or rent. [laughter] stuart: check futures, we've got 21 minutes to go before the

opening bell. i see some red but everybody's waiting for microsoft and apple but to report after the bill today. david nicholas joining me now. serious question here, are you really, really worried about the debt default? >> you and governor huckabee were talking about this, america has little confidence of washington, it's unclear to me president biden, speaker mccarthy and democrats told senate going to find common ground. regarding hit our debt ceiling january the 19th we hit 31.4 trillion. that was it, that was the ceiling so the treasury has been extraordinary measures just for us to pay our bills. those measures are not going to be indefinite, it may get us to july possibly august and if a deal isn't done by then, we have a technical default. stuart: do you really think you would get that far? we been through this time and time again, we always get a

deal, we never default it will be the same, it's not a serious prospect. i repeat, do you really think we will default on our debt. >> i don't have confidence in this administration. i agree . stuart: do you really think we will default? >> i think we could see the technical default, it's not something i want but we have to get to an agreement. the republicans want spending cuts, democrats aren't willing to entertain that so you have, low risk the risk i think you can't sleep on. stuart: i will bear that in mind and that's why the markets are down today, ira. see you again real soon. coming up, president biden said this about america's children. >> no such thing as someone else's child. no such thing as someone else's

child. our nation's children are all our children. stuart: the nation's children are our children. i wonder how parents feel about handing over their children to be socialized by the state. trump running away with the nomination. florida republicans and others are backing him. former vice president mike pence next. ♪

♪ in.

stuart: born free. you're looking at kenny hall north carolina, 59 degrees. president biden is officially running for reelection. likely he's going to hone in on what he thinks are economic achievements and first-term. edward lawrence is with us, or just biden's actual economic report card say? >> that depends on who you ask. democrats are saying they about the transition and what's going on. the publicans are saying open your eyes. in the video announcement of election bid, the president focused on defending democracy, not economic accomplishments. >> when iran for president four years ago, i said we are in a battle for the soul of america and we still are. the question we are facing is whether the years ahead we have more freedom and less freedom. more rights or fewer. i know what the answer i want to

be and i think you do too. it's not a time to be complacent. >> the president a little superstitious for years ago and released a video message he'd run for president. his what americans have seen under president biden. inflation peaked at 50 year record highs. you see the chart with inflation stickier than first thought. the force transition we have, the cost of energy up 24% as president biden took office, the cost of food up 18% since last election and president biden depleted strategic petroleum reserve by more than 40% in two years. manufacturing lost jobs over the past two months so republican or a field says with the issues we have foreign and domestic, time for someone to come forward and save america. >> i don't see where joe biden thinks he's helping improve the lives of americans. let's go back to ronald reagan, are you better now than you

worked two years ago? the answer is no. >> democrats three official candidates in this race with this president taking fewer questions from any president back to chauvin coolidge, it might be difficult to get to candidate joe biden. stuart: chauvin coolidge, those of the days. thanks very much. >> i remember it well. stuart: no you don't. [laughter] thanks for saying that. mike pence is with me now. good morning to you, great to have you on the show. >> thanks for having me on. stuart: seems to be donald trump is running away with the dollar trump nomination at this time. >> honestly i understand the concern the american people have about the failed policies of the biden administration but i have nothing to announce on your show today, i think it's early in the republican nominating process, i understand people look at the

record of the trump pence administration, a record that rebuild our military and private our economy and saw conservatives appointed to all records and despite president biden's announcement today, the record of the biden administration has been a disaster for the american people at home and abroad. joe biden is literally weakened this country on the world stage. his economic policies have created hardship for working families in a real sense. it's a free country, he can run again but whoever is standard bear of the republican party, i welcome the opportunity to contrast our record, our policies and build on economic freedom record of failure of the biden administration in 2024.

stuart: abortion seems to be the sticking.for many republicans. look at the elections in wisconsin and kansas for example. are you firmly opposed to any and all abortions in the abortion pill? >> well, i am pro-life, i don't apologize for it. i couldn't be more proud to have been a small part of the administration that appointed three of the justices that sent roe v. wade to history. that's been properly returned to the states in the american people and i must tell you i will continue to champions the cause of life at the state level but also if i ever have responsibilities in washington d.c. again, or even as a private citizen, i will call on leaders at the national level both ends of pennsylvania avenue to stand for and advanced the cause of life but you talk about it being sticking points, the heartbeat bill that florida recently signed into law was also signed into law in georgia and ohio and those republican governors want

decisive victories in 2022. republican candidates we are willing to step forward and articulate pro-life position with compassion and principal, they fared well because the truth is democrats are the extremists on this issue, they support abortion on demand with taxpayer dollars all the way up to the moment of birth so i think it's the right issue, the right position but i also think it can be a winning issue for a nation that cherishes life. stuart: thank you very much for being on the show today. i'm sorry you couldn't make your announcement today on this program but we do understand these things. thank you for being here. much appreciated. >> i'll keep you posted. stuart: i'm sure you will. [laughter] come back soon. republicans created a site to fact check president biden. i like the sound of that. >> it launched yesterday, to hold him accountable whether he claims the border is secure or the afghan withdrawal was a

success for the statements that kind of embellish past life. this site managed by the fnc will fact checked biden. he's not going to like it. stuart: no he's not. look at futures, tuesday mor morning. we open the market in about eight minutes, seven and a half minutes. we see that inc. but not that much. the big deal today will be microsoft and also that reporting after the bill. we will bring the opening bill next. ♪

's

we've got to see red ink the opening bell three and a half minutes time, down 70. david is our duty and guide, i want you to tell me about pepsi. does it really yield 10%? >> no, it yields two and a half

percent but the dividend 10% year so the whole thing we talked about the current dividend which is the cash you will get but the gross overtime over 20 years they've grown it 10% a year. stuart: that's what i needed clarified, well done. how about verizon? what did they pay? >> they are paying 7% and the good news is, is a high dividend for somebody buying it today. the bad news is, one reason the dividend yield is so high is not prices down quite a bit but they continue to grow the dividend, they been consistent payer. however, the company has a lot of challenges to work through but we believe it's priced into the stock and you can get paid 7% while you wait. stuart: so it is reliable, 7% dividend on verizon is a reliable number. >> yes, we've studied cash flows

over and over and we believe they can continue maintaining that dividend and growing it a little bit while they fix the issues with their wireless business. stuart: 7% is attractive. what will be the standout and big tech earnings? they start today, what stands out to you. >> a great question because each company in big tech these days is trading off their own situation, not lumped together anymore so i think what happens with facebook is different than apple and with microsoft, i just want to hear what microsoft says about business spending. companies dialing down what they are spending, microsoft has done so well in the cloud, that's the question i have, what's going on with corporate spending? stuart: do you ever invest in these big tech companies? they are not known for dividend paying, you put money into them ask. >> we have a huge investment in ibm and cisco, are those big

tech companies? stuart: i'm thinking of the stocks -- >> we don't and we've owned apple for many years and it was a good dividend grower they stopped growing and it got to be overpriced and we ended up looking pretty good because we sold it before it dropped off but we don't buy these of the ones that aren't dividend payers, google, amazon. we believe in the return of cash to shareholders. stuart: what does ibm pay? >> over 5% in the continue growing the dividend. they announced a tiny dividend increase this morning but ibm has been a wonderful performer and they really are tech company with a gross business but still has that old-school business from cash flow. stuart: that was your dad's stock. david, you're all right. thanks for joining us, see you again real soon. the bell stopped ringing, that means the market is open opening

on the downside. not a huge selloff by any means. the dow up 45-point. the dow 30, about a third up, two thirds down. s&p 500 opening lower, .41%. the nasdaq down as well, that's down half a percentage. big tech, no change. apple is up 3 cents. we'll explain that in a moment. the rest of down. companies reported early this morning, susan is with us with a recap. >> twenty companies this mor morning. let's start with general motors because i thought it was a great year so raising full-year guidance because of cost-cutting and reopening and china coupled with strong u.s. sales so they had a better order to start, better sales and profit however ending production chevy by the end of this year -- ending it. first mass-market ev and launched in 2016 and i agree,

it's strange because the larger model, euv makes up mask majority of gm electric car sales but they say these cars work on order battery cells which aren't with other models they want to make when it comes to ev so it's time to change, bye-bye after seven years. stuart: i think i've got the stock of the day, maybe two w week. >> it's only down by .2%. stuart: is set record highs in the past two days and terrific earnings report. >> okay, that is true. traffic was fantastic. i'm looking at the dock movement today, better sales and profits this year and you're right, third straight quarter u.s. traffic go up being the entire industry which is reported falling foot traffic and the sales were huge, double digit. stuart: that is huge.

>> and also a cost game because they are cutting hundreds of jobs. stuart: why is it down? >> i think it because it's running up into the earnings, record numbers record levels. ups, here is a proxy to the u.s. economy and trade so missing on sales after shipments dropped because of slowing retail sales, slow for the stock and profit did come in as expected but cost-cutting, not gross. stuart: is that a recession indicator? >> that's a great question because i've been thinking about that this morning. let me get to pepsi and then we will round out what it means for the economy and consumer because to me when you have this consumer companies like pepsi doing really well being able to have pricing power in this environment, it says u.s. consumer continues to spend so pepsi is raising first-quarter profit and sales did better, same as coca-cola. they were able to raise prices, cover inflation and sales continue to go up. people continue to buy chips,

they love their home food and snacks. gatorade and water brands did better. stuart: ups -- >> trait may not be moving but i feel consumer is still doing well. mcdonald's pretty strong, gm did better and so did pepsi, procter & gamble and coke in the last few days. 210 million paying subscribers, 210 million. record subscribers or users at 515 million around the world, that's half a billion people who use spotify and sales fell short because of advertising sales which we will talk about but they grew their users by 15 million three months time. they are trying to cut costs and not spend as much as they did on podcast. stuart: you pay them certain amount of money a month and you get any music? >> 500 billion free, 210 million paid. i think it's a few dollars a month or so but you get numerous

podcasts, exclusive content. stuart: half a billion users worldwide. google and microsoft, they report after the bill today, is this about ai? >> yes but when it comes to google because of the advertising slowdowns we talked about with spotify, they will report only the third quarter in history of falling advertising sales at alphabet. the first time in back to back quarters expected by think youtube will be interesting even that they've paid for that so nfl sunday ticket, how they grow users? cloud will be key, is it enough to offset the slowdown we are looking at in search? god will be key at microsoft, he will be watching that pretty closely. i think some people say it could below 20% in growth and that's pretty much a slowdown and amazon web services is way

behind aws. a i of course will be a key theme. how much are they plowing into gpt incorporating with being? and love to how much it's costing google. stuart: with got to get this in. a drop i think still on the downside, it is 27%. their deposits tumbled, huge. >> 40% drop in the deposits. as a bank, that's how they make their money, being able to loan out the money but more than $100 billion of capital flight elsewhere because of the silicon valley bank collapse and it's down 86% and that's despite the help j.p. morgan and bank of america putting in 30 billion just in case. stuart: i saw apple earlier slightly higher, still quarter% hi, did they win their legal battle? >> they won yesterday. huge because it's a huge win for apple in the battle with the

fortnight maker because spotify daniel is going to d.c. to complain about apple's app store and the fees so they take commission of 15 and 30% to the court ruling says they can continue to take the high commissions. spotify and epic games can now offer in app payment linked to go elsewhere but have you ever tried some of these links outside of the app store? it's very hard to do so the reason it's up is because people say apple will be able to protect their commissions. stuart: that's fine, that's what apple is up and the rest of big tech is down. thank you, come back soon. coming up, do you remember this from the movie sling blade? >> what would you like to eat and there? >> the french fries are pretty good.

>> french fried petito's? >> yes, french fries. stuart: new study suggests french fries may be linked to depression. i'm going to bring in marc siegel the doctor to fact check that for me. you can put me down as a ske skeptic, french fries and depression. >> op-ed reads trumps insane lies, trash successful conservative policies. karol moscowitz voted, she's picked aside. she will join me later. 70% of voters do not want biden to run. half the democrats don't want him to run but he's running anyway. gary kudlow on our transformational president. larry is next. ♪

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we been in business 12 minutes, i see red ink on the left-hand head of the screen. dow is down 20, nasdaq down nearly 60. president biden launched 2024 reelection campaign, larry kudlow joins me. i don't know whether you're watching this, i did. it seemed to me he spent more time bashing maga republicans and promoting his own, how did you see it? >> i confess i have not seen it yet. i'm excited want to see it soon. i am very excited about this. says he wants to finish what he started for something like that which is a scary thought. are you better off today than you were two years ago? i think the answer is going to be no and i think it's going to

be know what it four years ago. inflation the drop in real wages for middle-class folks of his economy the economy is going to be the number one issue and i think this will nexus of big government socialism is huge spending, huge regulation, tax increases, punish successful people, look what he's done recently? if you have a score of 12% down payment, you will be penalized for your success and responsibility so i think these are very negative things for joe biden. stuart: i think he wants to be the transformational president. is willing to do that, he's introduced all this relations that transforms the car industry, the energy industry,

the green who deals means you will get your home inspected. bureaucrats are going to run the government, a state run enterprise these days. our economy. i don't like it and that's where he's taking this. i wonder if you could come back from it. >> i think we can, things always look bad, it's the late 70s when ronald reagan turned things around. i'm always optimistic about the, a lot of these regulations can be overturned and the house republicans are not only going to talk more but i think they're going to push biden in the right direction at least for the debt ceiling and spending cuts. this comes down to this issue of big government socialism central planning, the regulatory state penalizing, taxing successful

people, massive overspending which caused the lingering inflation which may be a little lower but still very sticky. foreign policy, the afghanistan problem, the china problem, we still don't know what happened with the balloon. the cancel culture, what he's doing with culture, education, the war against parents, the open borders down south drug trade, awful stuff. one thing after another and that's why in his announcement from what i gathered, again i haven't seen it yet, he is it really posting any accomplishment, just trying to attack the publicans and i don't think it's going to work this time, i don't think it will. stuart: i just wonder if you will comment on my big concern here and that is the role of vice president harris.

we have to hope nothing happened to our president because i don't think the country has any confidence in the president harris. we got to live with that for the next two years, possibly six years and i'm troubled by the. how about you? >> agreed. i think it's a problem, it will be a drag on the ticket. his health and age are enormous questions, enormous questions. he doesn't seem to be doing well and nobody seems to be having any confidence in vice president harris, somewhat derisory. i want to get into personal stuff but she's not shown well, she's not shown leadership. she's not shown any policy shops so that's going to be a big drag for the ticket. i think it's very good points. stuart: advantages to one more,

my apologies to you. we looked around democrat whose back and president biden after his launch of reelection campaign looking for somebody who's endorsed him. the only one we can find is your best friend. that would be the governor of new jersey and he's come out firmly, i have to live in the state. >> i haven't talked to bill murphy in quite a while, we worked well during covid. i don't agree with governor murphy's policies that i do think he's a fine gentleman some of my best friends are democrats so i'll just leave it there. i'm speaking as if i were a democrat myself and even though that was about 50 years ago -- [laughter] i just want to say, i grew up in

englewood new jersey, a lovely place and that's all i want to say about the subject. [laughter] stuart: we will leave it right there. we will see you at 4:00 p.m. on kudlow. here's what else is coming up, hunter biden seems to be hiding. he's a democrat donors $50 billion, brian kilmeade on that. our next guest ordering glass bottles from india just to stay in business. he's trying to get back to america made, the founder of bad dog distillery right after this. ♪

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all about products made in america. bad dog distillery has a made in america product called liquor, the founder is dave mclaughlin and he joins me now. welcome to the show, you make your figure in america but having trouble getting your bottles from the united states. what happened? >> we do have a little album with that. i think originally the bottles are manufactured in arizona, american-made balls and they get shipped to canada and they get shipped back to us but since the

pandemic, we've been having to contract through the same bottle distributor but they do come from india, kind of an interesting story about that. it be nice to find out why we are not getting our class from america. we are like the country. stuart: are all your bottles you use made overseas now? >> at this time, yes. we basically have one particular bottle would put our 19 spirits in and i'm looking at the box right now and it says made in india. stuart: you said how many spirits go into it? >> i think currently bad dog has about 19 different spirits. stuart: toxic stuff.

what is the bad dog? >> that was our original dog hank. he was the bad dog, he was the brand. stuart: is he still alive? a couple weeks ago, we had to bury him. stuart: sad news indeed but you still have the distillery. >> we still are and still have one bad dog left. [laughter] stuart: we will leave it right there. i hope you get some bottles made in america because that would be a big deal for you and we thank you. >> thanks for the time. stuart: good luck with the distillery. check out the board and business for 25 minutes almost and we are down .20%, 60 points lower. down winners, which are they? i'll show you. ahead by united health, up over 1%. 3m is on that list and they

reported this morning, they are doing well. s&p 500 winners, brown and brown, quality group and nasdaq winners, who's on the top of that list? they've been doing well recently. check the ten year treasury yield, all the way down, i think to the lowest level in a couple of months now. back to 341. the price of gold hovering around $2000 an ounce, 1996. the.to be checked earlier $27000 a coin, still there. the price of oil down to $77 a barrel and that hardly moved throughout the winter, 222. still ahead, texas congressman pat allen, karol markowicz, brian kilmeade and doctor marc siegel. ♪

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