inflation is going to be a year from from today seem like in agreement that that actually going to be higher than they expected, so, very, very tough economic place we're in. maria: one of the issues climate change securities and exchange commission climate do you ever rule not here they signaled coming many businesses complied, we've got a market that is up despite weaker-than-expected gdp number a great conversation, i appreciate everybody stephanie pomboy, cheryl casone guy are those are those, art laffer thanks for being here see you soon that will do it for us see you tomorrow joins have a great day good morning, big tech is back. send up a chair because if you've got money in the market all dark you've got a piece of the big tech rally.

this morning meta going strong and reportedly mark zuckerberg on the call and said is focusing on the meta- verse and most importantly ai. earlier today solid earnings from and look at that, nasdaq with straight up the nasdaq up 137 points, just over 1%. bit coin right now at 30,000 dollars according. no it's not, i call it wrong. twenty-eight nine and the theory in his 1800, sorry about that.

could the is not rallying much this morning. interest rates ten year treasury is under three and a half% at 347. the two-year around 4%, it's at 4.01%. politics look at this, a presidential cheat sheet. as conference, the president knew what the first question would be and who would ask it. that's not normal. his handlers seem to be running the show. the real one standup? bad news for the president. voters across the board said the economy is getting worse and the announced candidate robert kennedy junior already gets the support of 19% of democrats. on the show today, biden wants the military to go all electric by 2030. most discusses ai with leader schumer, don't know what they talked about an event ai. man city beats him four -- one. i know you want to heard about

that. april 27, varney & co. is about to begin. ♪ stuart: she >> i want to get to something that's really good news. let me to the stock price of meta. >> the thing is up $31, 14%. that's a huge jump premarket.

they have the first increase in sales in nearly a year, that's good news. changes seem to be working. >> figure of efficiency is the year of acceleration, revenue up 3% at 286 billion dollars. ai mentioned by mark zuckerberg, 50 times on the call. ai is boosting traffic and add revenue because you could better target people. this is a milestone, 3 billion people use at least one meta- up each day. >> meta- stock is up seven% this year. stuart: who got tickets at the rest of the stock market but first, i want to deal with the school president biden caught with the cheat sheet at his presence conference in south korea, a list of reporters to call on and clearly printed was the vortex of the first question. what does the cheat sheet tell

you? >> i don't know what's worse, the president leader of the the world needing questions of advanced especially when it comes to china because that was the nature of the question or the acquiescent and giving him the question. you can't do journalism, you don't talk to your guests in the commercial court break and say bill or jim, i'm going to ask you this, that's not how the business works so it tells me two things. you and i agree, the basement strategy will be will affect if it isn't already, he's not coming out and the media is going to be complicit again as they were in 2020. stuart: another development, 44% of voters think hunter biden did something illegal, 35% say he did something unethical. hunter's attorneys met with officials at the justice department. his the hunter's laptop about to become a major election issue?

>> i don't know and here's what i don't know because i'm asking myself, why the weight, why the rush next the d.o.j. has had this information according to our fbi sources government people who spoke on that our air with the fbi has given the d.o.j. we've had this for a while, why they just acting on it now? congress evidence in republican hands is just getting started so why the rush? i'm worried this could lead to a sweetheart deal for hunter biden where the charges if any are brought aren't that bad and then in advance of the potential congressional information that could be on hunter biden so i don't think -- i think they will find a way to downplay it, people in your show will talk about it but will make the mainstream. i think he could get away with it again. stuart: credit. house republicans narrowly passed a bill. what's the reaction from the

white house? >> the white house slammed it cutting veterans healthcare and public safety so the limit planned by two votes, major symbolic victory for speaker kevin mccarthy so what he's done, he put the republican cards on the table even though president biden refuses to take a seat. >> will you meet with mccarthy? >> happy to meet with mccarthy but not on whether or not the debt limit is extended. that's not negotiable. i noticed the quote reagan all the time and trump. both of which said i'm paraphrasing, it would be a crime to not extent the debt limit. >> the house pass bill would cap spending at 2022 levels

>> they are just so mean house republicans. stuart: terrible. the economy gdp for the first quarter looks weak to me. >> the economy is slowing but i'm going to go with resilience. 1.1% growth in the first three months of the year down from 2.6% in the final three months of last year but you're going to say it's backwards and it is but it is the information the fed has as they go into the main third meeting and there's a conundrum in my opinion and the number. the personal consumption, the consumer, the backbone of the economy is strong, up 3.7%.

business spending pullback. stuart: the numbers came out not too long ago, i didn't see any move by the way, still up significantly. >> 80% chance they go another. stuart: dazzled 140 and nasdaq also up 140. adam johnson is with us this morning. tech really is leading a significant market rally. >> and curiously it's because earnings are better than we thought kind of like the banks last, all these big companies with basically written off doing better than we thought. we've been talking about meta- this morning, that stock has tripled from all they did was pare back on that crazy spending on the meta- verse. $16 billion we are spending so they stop spending that. they laid off some people and got back to advertising which is what they do best. it's the town hall, 3 billion people every day on their

platforms so they are focusing on what they do best. microsoft, same, ai which is not what they appear to be doing best and that's a new one. he mentioned ai 50 times was mentioned. >> and the meta- first just ten. >> they did the same at microsoft, 50 times. stuart: only microsoft is down and it was down only a fraction. is that group leading the whole market higher? is it a new leg up? >> a kind of is. the nasdaq is up 13, 14, 15% depending on the day because it's volatile, here to date so the nasdaq is in the lead. which you are bearing the pressure of higher interest rates, they are still on and struggling but big cap tech is doing the right thing. you talk about data 80 to 240, nvidia 110 to 300, there's some momentum.

stuart: look at amazon, up 3%. that's in advance of their earnings come out at 4:00 p.m., they are walking up. >> the take away, you're talking about the gdp numbers and the fact that while that was weak, people are spending. income is him, spending as a profession go for amazon and it's still down 30, 35% of the highs so you talk about what i put money? get big cap tech, a lot better than we thought and a name like amazon, actually google is also still down. that's where i'm putting some of the bull's-eye money on behalf of clients. stuart: now he tells us. >> the market doesn't open for 20 minutes but i do on those names, they don't always go up but i am on the core group of ingenuity stocks that i think are so important from meta- to google to amazon and etc. stuart: microsoft $300 a share, i'm looking pretty good.

[laughter] >> are you retiring now? [laughter] stuart: coming up, ohio congressman jim jordan, president of the teachers union -- jim jordan pressed the leader of the teachers union and we will get into that. randi weingarten we will hear about that. jordan pressed her what she meant when she accused the gop engaging in cultural wars. >> where the extremist politicians? ms. green is one. >> i think -- i think the issue is the cultural wars going on in schools right now, banning, undermining teachers. stuart: did she except any responsibility for the disastrous school shut down? jim jordan will be here and i will ask him.

jennifer granholm said she supports requiring the military to all electric by 2030. texas congressman and air force reserve colonel august fuqua is going to tell us even if that's remotely possible. he's next. ♪

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resolution 25249 for president biden will most likely veto that. senator manchin says these epa regulations on the admissions of heavy-duty trucks to cut down on nitrogen oxide is total government overreach. our country faces record high inflation and vulnerable supply chains, we cannot let the epa continue to seize unrestrained power and create regulations that devastate our economy. therefore creating higher prices and more owners rules potentially fewer jobs and small businesses. stuart: biden will be told what they killed. okay, got it. energy secretary granholm was to take the push to our military. rotate. >> to support the military adopting that by 2030? >> i do and i think we can get there. i do think reducing reliance on the volatility of globally

traded fossil fuels will be no global offense such as the war in ukraine can check prices for people back home. stuart: congressman, republican from texas is with me now. he served as an air force pilot for 20 years, is it possible to go all electric and the military by 2030? >> this is the most insane thing i've heard. can you imagine having solar panels on the jets i flew, can you imagine employing troops over places like afghanistan having to put charging stations up? i've talked to many high-ranking officers, the think it's ludicrous. of course they can't speak out because of the retribution that would happen to them but instead of targeting the american people what secretary granholm is suggesting is putting men and women who serve our country in danger and not giving the resources to fight the wars they may have to. stuart: is anyway you can stop this in reverse this? >> we are trying to talk so many

bad things, bad policies, the rise in prices due to inflation, the spending and you see the tv mandates that hit our commercial sector where trying to stop that but in addition now we have this layer, absolutely we will try to stop it. she said something interesting, what is we could become energy independent and have clean abundant source your domestically? i have news, we do have that, it's in places in west virginia, unleash lng here on our own shores instead of going abroad. stuart: not even close to having renewable energy to replace fossil fuel energy and we won't get close -- is it decades or what? >> absolutely no question renewables place some role but not reliable and it will be decades before that technology

gets there. what the military needs most is reliability. think about the north african campaign and world war ii with tanks having to be maintained, it's ludicrous. we need the best of the above approach, it's not some high in the sky, a plan that doesn't have actual reliability which is what the secretary continues to push on the american people and men and women in uniform. stuart: i'm not joking, i'm not being pushy sis but have you seen any plans for an electric tank? >> i'm sorry because it sounds like a joke. i haven't and there are none, that's the whole problem with this is those weapon systems whether the f-22 like i flew, a tank like they use at fort hood were i represent the men and women who serve their or any other vehicle, we have to have

reliability. the military works too hard to have this pushed on them to put our soldiers and marines and sailors and airmen in jeopardy to not do their mission and put their lives in danger. stuart: thank you for joining us on this subject, great interest of many. thank you, sir. secretary granholm was pressed how much money our government has given to china. you followed this. >> follow-up on what congressman pointed her, she was left stumbling over senator eric schmidt question on the biden administration selling oil from strategic petroleum reserve to china for praise of the ccc and green energy push potentially funding chinese operations. >> micro fast which is a lithium battery company that operates primarily out of the people's republic of china. your agency granted 200 million

worth of grant to the company. you are aware of this? >> there were selections named and all those companies were going to vetting process to ensure that there are -- no money flowing to countries of concern so those process are going on, not a dollar has front of the door yet. >> the grant schmidt reference is one piece of the puzzle he said while warning the obsession with climate alarmism august pflueger said risk national security, is not that funny, are we going to ask the enemies to put charging stations in the stations? will be building toward? stuart: thank you. check the futures, please. luca seven minutes exactly until the opening bell. dow of under 100 points, nasdaq holding 150. will take you to the opening bell on wall street next. ♪

were to call this the start of

the day. several performers today. look at meta, close to $240 a share, up $30, the 14%. all tech stocks are most of them are doing very well. are they leading a brand-new market rally? >> i think they've gotten us here already, all of them up double digits this year. most of them at least. of course the cues nasdaq up the strongest of all index and medic, you've been talking about lauren hit something very key and that is a i was the big topic but he said they are no longer behind in ai infrastructure. i think that's a bigger reason than moving up this morning, some of the other reasons, the sales and the users. stuart: i think it's a good news day and a good news week because

anybody with anybody in the stock market has some money in big tech and they've done extremely well, i think i'm right in saying that. anybody with money in the market is up with big tech, in my right? >> for sure, stuart and anybody just grabbing index, if you have s&p 500 index fund, he's got about 14% of it embedded in those top four companies. charles payne pointed that out on the show yesterday and i think that is important for everyone to know that they are so big they do lift all ships when they go up. stuart: are you recommending buying any of the big tech stocks on our screen at the moment, are you buying any of them today? >> today i might wait to see what amazon does after the close. i'd love to see that. meta might have gone up for a short-term near it high for now.

maybe the next week or so in might get a pullback and we could buy again. i think all of these are either by them as a bucket hold them for a while or our next pull back and find the time to put new money in. stuart: if meta opens at 39 this morning, that would be the highest in more than a year. thank you very much and we will see you again soon. you're watching big tech closely today especially meta reported strongly afternoon. the stock of 14% this money. that they are, we've got five seconds to go. we are going on the upside. how long for the rally last? 9:30 a.m. eastern. we're pressing the button and training, that out of 117 points, about a third of 1%.

more than half the dow 30 are up, s&p 500 also on the upside in the early going. once the percentage gain on the s&p? will get it up there eventually. s&p of half a percentage better. nasdaq composite up almost 1% of meta chiming in clearly helping the nasdaq. big tech up across the board, they've all opened fire. it is at 237. apple 165, microsoft closing in on 300. also but right there at 104. let's get back to meta. susan is with us, checking meta all day long and this morning, hoisted out? >> meta and three quarters of falling sales, sales went up from a year ago and that meant higher profit for the social media company. costs coming down, cut 21000 jobs and earnings call they said they are still losing for

billing dollars virtual reality and he said it's not going to change, we will continue to invest in oculus and virtual reality. meta raising guidance for the rest of the year end added users in the first quarter. 40 million new users around the world, over 2 billion actives, that visit facebook everyday. all street similar to microsoft yesterday. i count 17 price target hikes going up around $300, berkeley went up, 350 so that's almost 30% upside still from here and metas result, google's results show advertising revenue is recovering and good news for other social media stocks. look at pinterest as well. stuart: i'm sorry to interrupt your full but did you say 40 million new users? >> 2.0 4 billion users that visit everyday on facebook

property. stuart: what are you looking for amazon today? the direct costs again so 28000 job cuts at amazon and layoffs yesterday in the cloud and hr departments announced. sales are expected to come in 7% higher than last year. amazon should make money this year, $2 billion in profit compared to the shocking for billing dollars loss last year to start the year. first loss in the decade for them and as always, profit driver cloud, amazon web services analyst bracing for 20% in growth rate. if we heard from microsoft and google are showing services growing at a healthy pace, is helping some of the recovery or expectations gain. stuart: i don't think the analysts were expecting quite such a good performance. >> overall for earnings. stuart: google, microsoft and meta, they weren't expecting results. >> they want expecting results

for this earnings season, they were expecting the worst earnings seasons since 2020 covid your a and when you said expectations this local calling for earnings recession, it makes it easier to do better and ebay is proving that as well s so ebay helping lift amazon and other players and better earnings, eight consecutive, 133 million use ebay after all this time and shop by running, ebay tied. took makers, continued big artificial intelligence, you heard it from microsoft and google and meta i promise tonight amazon is going to talk about ai and capacity with the cfo on the earnings tonight. kla is a chip maker and did better this morning, intel will

report tonight. stuart: three months ago, last week we got earnings season, i don't remember ai, now it's mentioned everywhere. >> that's the transition moving from cloud being the innovative and now this ai artificial intelligence you want southwest airlines reported this morning, are they doing? >> more traditional fireplace, southwest $159 million in losses after computer glitches the thousands of flights grounded over the important holiday shopping and traveling in full ground stop last week, sales will be challenged but they do expect to make money. they squeaked out profit to start this year, higher sales are best, higher cost on labor and guiding for a strong and to the springtime. stuart: so unexciting compared to meta. >> this diabetes weight loss

phase, if you look at eli lilly, the stock is monsters running high, record high. stuart: the diabetes weight loss drug, that's it? >> they freezer guidance it could be the best-selling drug of all time eli milley makes. i've seen animals calls for $40 billion a year in sales if it's approved for weight loss. merck dramatic drop in covid antivirus hundred over 80%, sales and profit did better. stuart: roku. >> this is an indicator of what to expect from disney so first quarter revenue did better, second quarter guidance as well above wall street and also you saw losses of the year but it came in, it's the guidance that's most important i think. stuart: who are having fun this season. >> i am. comcast if we have time, that's

important, also a streaming play. peacock apparently 22 million now, huge losses, still plowing 700 million plus in losses at universal to subsidize peacock. stuart: do you know why peacock is doing well? >> yellowstone? stuart: because of soccer i pay to watch yesterday. [laughter] thank you, susan. that was good. >> you actually paid for ser service. stuart: well, so video said. a link president biden's reelection announcement, democrats don't seem too concerned about biden's age. >> many of us to shame with his energy. >> many leaders his age have done extraordinary things and there's no reason he can't accomplish just as much or more second term. >> i think he's proven he can deliver. stuart: did you hear the first

guy? puts many of us to shame? [laughter] stuart: the president will be 86 by the end of his second term if he is reelected. this could be another matter with biden and trump. biden said he would definitely be the former president again. however, biden needed a cheat sheet for press conference. that will be the subject of my take at the top of the hour. we'll be back. ♪

we are in business for 12 minutes, i see green. nasdaq up 140 and s&p two thirds of 1%. allie all around.

he knew fox pull, which republican leading the back in 2024. is that it? [laughter] >> have a great day. donald trump a 52%. 1% is 23%. it's a big gap at the end of the wrong to say this is not yet declared, we are expecting it sometime in may. mike pence as 6%, nikki haley 4%. liz cheney 2% and 3%, i had to baker my show earlier this morning, here's what he said the race of the white house. >> america first does not belong to donald trump. as a belong to me, it belongs to the voters look that the people of this country so if we are doing it based on first principles and moral authority rather than vengeance and grievance, we can go further with the agenda itself and lead

a national revival instead of national divorce, that's why i'm in the race. >> breath of fresh air. >> he's talking policy and giving policy answers. been a fox since 2017, i think i've said almost once a week republicans don't get policy answers, they just complain about things. this gives answers. whether he can bridge the gap is unclear but he does give answers and that's what the average american wants. stuart: you know exactly what he is saying. president biden was asked if he could be donald trump again in 2024. here's the answer. >> you said you could be trump again, do you think you're the only one? >> i may not be the only one but i know him well and i know the danger he presents to our democracy and we've been down this road before. stuart: sure looks like he was reading that response. running us this morning and your, the man with the australian accent, a surrogate

for the trump 2024 campaign. good morning, welcome aboard. >> always a pleasure. stuart: you're having none of that, are you? you think he beats everybody else hands-on? >> he's going to go to when the general, there's absolutely no doubt in my mind but you don't have to take it from me, taken from the democrats, you can take it from their actions. you can see they are trying to move him off the chess board as quickly as possible and there is this great fear donald trump chose the bones and breezes this with the democrats because they fear he can win. stuart: australian graphic. here's the bones. >> it's the truth and so is trump. there is this idea that there is this fear they are not going to be able to replicate what happened in 2020. regardless what you might think about the 2020 election we can all agree it was unusual the

amount of mail-in ballots, private money that came in from zuckerberg, 400 million, the drop boxes, the confusion and all of that. stuart: you are ignoring something here. a lot of people from love trump policies that are turned off by his behavior. new york city yesterday, graphic details presented in court about how donald trump allegedly raped someone in a department store many years ago. he's got to get over that and of thing, do think they can get over it? >> regardless of what they think about the tone of donald trump's presidency, if you look at where the country is now compared to where the country was three years ago, the choice is abundantly clear. what we are seeing from the democrats from joe biden and his administration, they are destroying the united states of america. the country needs donald trump. we always hear about the negatives but let me tell you,

there are so many great virtues about him. he works relentlessly, he's incredibly patriotic, very creative with these are things people who know him understand and love about him. stuart: 30 seconds, i have to ask this. when you are in australia recently, you tried morning winds, what you say? >> i loved it. incredible, amazing, superb, remarkable. i ordered two wines, both red which i am a favorite of yours, missy a which is beautiful from the region spain and portugal and gsm, gorgeous wines. the family name is not only brilliant anchovies, it's brilliant and vina. [laughter] >> no relation so everybody

knows. >> that's what i got for christmas. stuart: thank you very much. splendid wine review. a number of republicans publicly endorsed donald trump. is anybody in florida? >> trump has 11 endorsement and ron desantis has one. >> i have seen firsthand the conservative leader he is, because of policies he brought to our state. we've seen record growth in florida, new businesses, new residents, our state has remained open, free. his record of success weeks for itself so i have every confidence ron desantis is the conservative reader who can be successful in leading our country. >> that's laura lee. there are 20 lawmakers representing florida and

washington and just she is far endorsing desantis but it's not just florida. did you look at south carolina? they have three of south carolina's six republican house of representatives the half of them plus senator lindsey graham are endorsing trump even though nikki haley and presumably tim scott are running. stuart: he's running away with it. >> south carolina obviously because of the huge lead, 50 plus or the person with one at this time. also you can withdraw your endorsement and give it to somebody else but in regard to florida, lawmakers weren't hiding their reason, they said during major events in their lives comes reached out and said how are you doing? desantis -- even though congresspeople in the state of florida that rubbed them the wrong way and they went with trump. >> people say governor desantis is not likable and maybe donald trump isn't either but at least

he's entertaining. that's how it's been described to me several people. stuart: coming up, don't forget to send and friday feedback. vernie viewers at fox.com. disney firing back with governor desantis in florida, disney suing him accusing him of unconstitutional targeted campaign ashley webster has the full story after this. ♪

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disney sued florida's governor desantis claiming government retaliation. ashley webster is with us, what's the response from governor desantis? >> he's fighting back. a long time ago in a galaxy far, far away, disney and florida for the best of friends but now is corporate empire is fighting back. they are suing florida governor ron desantis. they are also taking on the tax board as well as well as other lawmakers. disney said they were forced to file the lawsuit blaming quote a

targeted campaign off government retaliation saying there was orchestrated every step by governor desantis punishment produces beach which now threatens disney's business operations, jeopardizes economic future in the region and violates his constitutional rights. governor desantis has been on an international trip but earlier today in jerusalem he accused disney of trying to gain unfair advantage. >> the idea that somehow being pro-business means giving companies their own governments, that's not what a free market is about. they want to pay the same taxes as everybody else and they want to be able to control things without proper oversight. >> the dispute goes back to last year when disney opposed state law critics call the don't say

gay bill. the suit filed in federal court accuses desantis of political retaliation and infringing on disney's constitutional rights and its injunction to stop the newly created tax board from taking any action. legal experts say disney will have to prove retaliation. meanwhile disney will have to also say their first amendment rights have been violated and it could be an interesting discussion and always your favorite place, it goes to the courts and down to it and it could drag out. we'll see. stuart: ladies and gentlemen, boys and girl. okay, see you again later. [laughter] thanks for joining us for the hour, you are a good man. still ahead, star-studded lineup, dan crenshaw, florida congressman michael thomas montana is been, ohio congressman jim jordan. the 10:00 hour is next. ♪

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proven over 90% effective, shingrix is a vaccine used to prevent shingles in adults 50 years and older. shingrix does not protect everyone and is not for those with severe allergic reactions to its ingredients or to a previous dose. an increased risk of guillain-barré syndrome was observed after getting shingrix. fainting can also happen. the most common side effects are pain, redness, and swelling at the injection site, muscle pain, tiredness, headache, shivering, fever, and upset stomach. shingles doesn't care but, shingrix protects. shingrix is now zero dollars for almost everyone. ask your doctor about shingrix today. stuart: good morning