republic. at one point shares were frozen and halted. they may be halted again. i haven't seen the stock move in about 10 minutes. we're going to work on that. jpmorgan chase and the other big banks, chris, all stocks are rising. the regional stocks right now are falling in the pre-market what's that say? >> it looks like there's going to be more failures. i might go to the fdic website, go back to 2008, it's 25 bank failures, 2010 157 and the interesting thing is though you take a look at the asset volume. you go back to 2008, it's 373 billion. after today, with three bank failures here in 2023 will exceed 2008 it's extraordinary. >> cheryl: 84 offices eight states that's first republic, they are now jpmorgan chase. that is it for me. "varney" & company up next. stu, big news day. stuart: you could say that. good morning, cheryl. good morning, everyone.

they want to stabilize the banking system. put some confidence back in the world of money. the regulators have seized first republic and sold it to jpmorgan chase. looks like jpmorgan chase got a good deal. that stock is up significantly. you're looking at better than 4% gain. jpmorgan was already the biggest bank in the country. it just got bigger. it now has an estimated 10% of all deposits. has this seizure restored confidence? too early to tell, but there's no heavy selling on the stock market this morning. look at this the dow industrials actually up a couple points, nasdaq down all of 18. no heavy selling as the result of this bank activity. no big moves in interest rates either. now there's an 86% chance that the fed moves rates up a quarter point at this month's meeting that's what the market is telling us. the 10-year yield actually going up a little 3.46. the two-year yield coming in right now above 4%. i've got it now at 4.10%. on the show today, donald trump

says he's under total assault because he's leading in the poll s, and he has renewed his attacks on ron desantis. presidential candidate vivek ramaswamy says there are only two genders, male and female. he's staking out his position in the wars and attracting a lot of interest. president biden will not acknowledge hunter biden's daughter as his granddaughter. he's getting sharp criticism for that. it's monday, may 1. a day off for socialists, the world over, but we're here and "varney" & company is about to begin. ♪ stuart: okay that's a nice try, producers, "take over control" is the song that we're playing,

just as jpmorgan has taken over control of first republic. that is the headline this morning, jap takes first republic. all right let's go through this. lauren has got all of the details i see the stock is down 34%, two bucks a share. lauren: so all of first republic 's 84 offices will be open today, and they will be branches of jpmorgan chase. so don't be confuse confused when you show up. jpmorgan has acquired all of first republic's deposits and a substantial majority of assets after first republic became the second-largest bank failure in u.s. history. this happened even after a group of major banks poured 30 billion into save it but since no rescue plan was agreed upon, federal regulators had to seize it, and then sold it to jpmorgan which ironically gets even bigger. treasury says the banking system remains sound and resilient and americans should feel confident in the safety of their deposits. jpmorgan ceo jamie dimon just said the first republic deal has not changed the odds of a

recession, so it doesn't seem to be panic in the market today. stuart: right. lauren: the federal meet this week with this in the backdrop and likely going to hike by 25 basis points. right now it seems contained, although some pockets are very nervous. stuart: and the reaction in the market thus far this morning has been the big banks, their stock price is going up. smaller regional banks, stable- to-lower. lauren: to lower. stuart: that's the net result of where we are this morning. lauren: yeah. stuart: lauren thanks very much indeed. president biden referenced his re-election campaign at the white house correspondents dinner. look how the media reacted. watch this. >> yeah, i know, i just announced my re-election campaign. >> [applause] >> some of you, some of you scooped that announcement in the video, but really, you really all thought in your heart i just blurted it out didn't you >> [laughter] stuart: i think we better bring in charlie hurt on this one.

i don't know whether you were at the correspondents dinner but, i don't think you were, but the media -- >> i promise you. stuart: the media really is on biden's side, big time. they cheered him when he said he's announced. >> yeah, it's incredible, stuart and you and i have been in the news business forever, i've been in the news business my entire adult life. i understand the press is always leaned liberal. it sort of comes with the territory but this is so far beyond that. when i covered the white house i covered it under the george bush administration and the basis point. there at least a semblance and attempt to remain some sort of balance. there's an attempt to hold whoever was in office their feet to the fire, but these people today have completely given up any pretense of trying to do anything like that. they are in bed with the guy and there's no -- that's the most enraging example that you played right there, but of course, you know,

this comes after just this week where you actually had someone in the press working with the press office, you know, with joe biden's minders in the press office to come up with a question to ask, and so the president knew what the question was beforehand, and picked that person, because apparently, the president wanted to answer that question. any sort of hint that these people are going to go in there and ask tough questions of the administration on behalf of the american people has just gone out the window, and i don't know what they get in return for it. maybe they just get to dress up in ridiculous penguin suits and get a free meal out of it and so free wine but they've sold out our country in the process. stuart: a penguin suit is a tuxedo. >> i think so. stuart: joe biden channeling a jerry springer presidency. you wrote that. what do you mean?

>> well, you know, we're sitting here with the unenviable situation where you actually have a man in the white house. his son is living in the white house with him. they are refusing to acknowledge and support their daughter and their granddaughter, and i thought it was fitting at the passing of jerry springer who was famous for his paternity tests and at the very least, you could say this about the contestants that showed up at the jerry springer show. they acknowledged their responsibility to the children that dna proved that they had and here you're looking at a man right here. joe biden is a deadbeat granddad. that's his son. he's a deadbeat son, a deadbeat dad, and went on this , took this huge family holiday to ireland with all their grandchildren, except for one. this is really really sick, and i can't believe it doesn't get more called out and i know

it's kind of uncomfortable because it's kind of a weird territory, but anybody whose ever had a grandchild or a child, the idea of refusing to acknowledge them is it's un imaginable but it's just sort of reprehensible. stuart: you've got it. charlie hurt thanks very much for being with us on this monday morning. big day. thank you, sir. former president trump is currently leading in the gop polls for 2024. how is he being treated? lauren: unfairly. so i was looking at, we know his lead has widened since the investigations and emerson poll has trump ahead by desantis by 46 points and that's why trump says he's under attack. watch here. >> i told myself, i told myself , there's no winning in the polls. desantis is failing badly. ron desantis, i mean, it's always bad. you endorse somebody, he's dead. he's over his political career. he's going to be looking for a

job. he'll be lucky to get a job. comes to me, begs me for an endorsement and ends up winning the election and nomination by numbers that you wouldn't believe. he was so far down he was gone and then they shout to him a couple years later, will you run against the president? i have no comment. well no comment means the answer is yes, right? lauren: well, he hasn't announced he's running just yet but if you follow the money, desantis has 110 million in donor funding. that compares to trump's super- pack at 55 million so he's ahead and then did you see the piece in the "wall street journal" about the clinton pollst textr mark penn? don't count out desantis. maybe if he eases up on the culture wars he'll get more donor money and more votes but it seems like it's a trump- desantis match and trump's on the attack and desantis isn't in yet. stuart: sure on the attack, with a quiet voice i shall say. thanks, lauren. check those futures, please. i see some red ink but there's not a whole lot of it, and let's bring in jeff sica, with us on a

monday morning. i've got a question for you. why are you selling stock into this rally? >> well, stuart, what i see is that you have a rally. you have the big tech stocks. they're up around 30%, and then you have the whole rest of the market, and the whole rest of the market and the s&p 500 is up about 3%, so that's what they call bad market breath. you have a very narrow market which generally is a sign of a market pop, so i see that we're at a market pop. i see that the market is whistl ing past the graveyard when it comes to the economy. i think the market has decoupled with the economy. i think the fed has a big challenge ahead of it when we could be seeing hopefully the final interest rate increase this week, and the market just marchs on without looking at what's on the horizon.

stuart: are you surprised? we've got jpmorgan taking over first republic. the markets not exactly selling off. in fact it's not selling off. are you surprised? >> not at all. anyone who didn't think jpmorgan was going to be the whale that swallowed the guppie is asleep. the reality is what i believe is jpmorgan is going to spend the next six-to-eight months swallowing a lot of guppies and becoming a bigger megabank. i have nothing against jpmorgan but i am a big fan of the regionals and the regionals are all taking out their photographs and putting jamie dimon's photograph on their desk because he might be their next boss and that could be problematic. stuart: you could see it the other way around. big banks get bigger and stronger and more stable. little banks, okay, they're fading away. that's not a negative, but the market -- >> the one thing, stuart, that keeps me up at night that i really don't want to see happen is the nationalization of the

banking system. i don't want to see four big banks. i want to see a lot of regional banks. keep in mind the regional banks are responsible for 70-80% of all commercial loans and if you don't support them, if they're not giving a platform to compete , we're going to have some problems. stuart: all right, jeff sica on a monday morning. thank you, jeff. coming up at the white house correspondents dinner, comedian roy wood jr. slammed the media for how they reported on the classified document scandal of biden and trump. >> the media, you all jumped on that story as soon as the trump document story broke everybody was down in mar-a-lago and then we found out joe biden had documents too. it's not a big deal. stuart: i think there's a hint of sarcasm there. first republic seized by regulators and sold to jpmorgan. is the backing crisis over?

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♪ the dog days are over, the dog days are over ♪ stuart: the dog days are over, that's a new one for me, but you're looking at boone city, that is miami, florida, it's 7 # degrees. now that looks like a beautiful degrees. let's get serious, first republic was taken over by jpmorgan, got it. now, federal regulators are releasing a report on the

collapse of the signature bank, that was a couple of months ago. edward lawrence at the white house. the latest on this one please, edward? reporter: yeah, this is a mess for regulators here as you said, you've got the third-now bank that failed since president biden took office, and they are coming to the rescue is jpmorgan , the largest bank of the nation is buying first law enforcement public bank out of receiveship, all of the deposits were turned over to the fdic, so now the bank holds the second largest bank failure in u.s. history passing the failure of silicon valley bank earlier this year so lawmakers on capitol hill are starting to take notice acknowledging the bad management for banks but also the economy under president biden. >> there's obviously a policy problem here, and there's a management problem here, and it has effects for the economy and for people's confidence in the overall banking system, our

financial institutions, and our well being financially as a nation. reporter: and he says that the government needs to stop over spending that's stressing the system adding inflation. now on first republic a treasury official gives us this quote saying that treasury is encouraged this institution was resolved with the least cost to depositor insurance fund in a manner that protected all depositors adding the banking system remains sound and resilient so what we're seeing is a massive shift to deposit leaving smaller banks and headed for larger ones. it started with the fall of silicon valley bank, now bad management decisions of smaller banks, less regulated banks, are being exposed, so later today the fdic is going to unveil its plan and options for the future to possibly revise the insurance deposit fund in order to add more confidence to the banking system. stu? stuart: got it, edward, thank you very much indeed. look whose here now, stephen moore joins us this monday morning.

stephen, big picture question here. after this takeover, is the banking crisis over, or at least winding down? >> it's hard to say, stuart. you know, i agree with that analysis that this problem with the banks is partly their own bad decisions abdomen partly decisions made in washington and the biggest problem for the banks right now, and it happened with silicon valley bank and first republic, is they're holding, you know, huge amounts of government debt that they bought, that were paying 2- 3% interest rates and stuart, today the interest raised 5% to 5.25 and what that means, stuart , is the value of those bonds has fallen by about 25-30% in their portfolio. that's shrinking the balance sheets in a lot of these banks and so the answer to your question is there is some risk and where do the risks come from out of control government spending, which forced the fed to go from a 0% interest rate to a 5% federal funds rate in 14

months. stuart: so what's going on here is this is the result of spending too much. >> yes. stuart: and printing too much which gave us inflation, which produced a sharp rise in interest rates, which left the banks holding debt which is not worth what it was. that's the problem here, right? >> stuart, you just said it better than i did. exactly the problem, and here, but i would also blame the banks themselves because look. i've been saying on your show for three years that it's obvious that interest rates had to go up. we weren't going to stick with a 0% interest rate much longer so i think the banks were caught with their pants down, not prepared for the steep increase in interest rates which was pretty obvious. by the way, stuart, four years ago, i write a piece in the "wall street journal" saying the fed should start issuing 30 and even 50 year bonds to

protect themselves from this interest rate risk of rates rising, and if they had done that that would have saved the treasury potentially hundreds of billions of dollars. stuart: and they didn't. >> so everybody made mistakes here. stuart: yup, they did. stephen you sound like you're a little bit under the weather after a dreadful weekend of rain we hope you get a full recovery soon. >> it's called allergies, stuart. stuart: oh, okay, nothing to do with the weather. stephen moore, recover fast, please and we'll see you again next week. the deadline to reach a deal on the debt limit is quickly approaching. is the president still saying, lauren, he's not negotiating? lauren: yup, no negotiation and now republicans are accusing him of ignoring issue and trying to manufacture a debt crisis. listen to what steve scalise told abc news. >> the white house needs to ultimately get into this negotiation. the presidents been in hiding for two months, martha. that's not acceptable to americans. they expect the president to sit in a room with speaker mccarthy

and start negotiating. >> congressman -- >> waiting and trying to get a debt crisis. lauren: it seems so obvious and frustrating. just sit down together and put something on the table but it's not happening, and republicans are saying democrats are playing russian roulette with the economy by not stepping up and sitting down to help avert a debt default. there's a lot of political maneuvering going on to determine whose the face of the debt crisis? that's what this is about. stuart: the blame game essentially. lauren: yeah, the blame game. stuart: why is bernie sanders willing to negotiate on the debt when the president is not? lauren: that's a very good question, and bernie sanders says well we can start negotiat ing tomorrow. here is the senator on cnn. >> we can move toward cutting military spending. i'm certainly open to demanding that the largest corporations in this country and the wealthiest people start paying their fair share of taxes and are willing to look at any other proposals a lot of waste within government. let's go after it.

stuart: if he says that one more time. lauren: so to get bernie sanders and progressive democrats to the negotiating table you have to cut military spending and raise taxes on the rich. but look, at least he was open to talking. he admitted that. let's negotiate and this is where i want to start. let me take it from there. stuart: we've got to go so look at the market on this monday morning. here is how things are shaping up. some red ink but not much after the takeout of first republic. we'll be back with the opening bell. ♪ thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts

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consider adding this. an aarp medicare supplement plan. take charge of your health care today. just use this...or this to call unitedhealthcare about an aarp medicare supplement plan. stuart: jpmorgan takes first republic. not much reaction from the stock market. a little red ink but not that much. keith fitz-gerald joins us right now. all right, keith. straight at it. is the banking crisis over or at least really significantly winding down? >> i think it's more the latter i think there's still a few shoes to fall, so to speak, stuart, that the christ us is not going to be resolved until regulators have their day and i mean, held accountable, they actually have to be held accountable here because they failed the american people.

stuart: but a few more, i don't know how many we've got here but a couple more failures is not going to break the entire system , is it? and we've shown that you can take out the bad actors or the weak banks without stress ing the entire system. it's working to some degree, isn't it? >> it is, but at what cost, stuart? this is what i worry about because we learned in a global financial crisis, 2008 and 2009 you have a lot of zombie companies. i would submit you have a lot of zombie banks out there that still got to be brought into line. that's a tremendous failure in the trust that the american people have in our banking systems. stuart: okay, talk to me about apple. they report after the bell on thursday. what are you looking for? what do you expect? >> i'm very excited to watch this , because a lot of people are expecting margin contraction i don't think we're going to get it. i think what we're going to see is a very strong company that knows exactly where it wants to go and particularly excited about what they are doing with credit cards and consumer finance and their move into india because all of those

pre-stage a massive growth streak on tap and the rest of wall street is underestimated stuart: can it get above $200 a share? >> i sure hope so because it's a bet i'm making with my own money. stuart: you've bought into apple right? >> i did and hopefully i'll buy more. i'm going to wait a little bit to see how the earnings shake out but i'm not going to stop buying that company anytime soon stuart: well the big techs have dropped, they really suffered from the rest of the market now because you've got an intense big tech rally in progress. >> well you do, but again, you and i have talked about many many times. we've created 95% of all of the data in humanity within the last few years. that genie is not going back in the bottle. quality tech will lead the way. stuart: big tech is down a little this morning, perhaps because the yield on the two year treasury and the 10-year treasury have gone up. okay. keith thanks very much for being here. we'll see you again next week. the market is now open on may 1. >> [opening bell ringing] lauren: we made it.

may day. stuart: the big board, currently is open and we've got about half up, roughly half down. the dow itself is up 33 points and the very early going. as for the s&p 500 where's that? it is down virtually dead-flat to slightly lower, put it like that and then the nasdaq composite same story. you're down 14 points, .12%. show me big tech please, because i think they are mostly lower, yeah, they are all lower now. not much of a drop for apple down $0.02. the problem there is that the yield on the treasuries has gone up. the yield on the two year back above 4%. big tech doesn't like that much and we've got apple and microsoft barely changed. the rest went down. all right first republic, what more do we have on them, lauren? lauren: jamie dimon says they were invited to this deal for first republic so and they also predict that "the situation" is nothing like 2008- 2009 and the banks are very very stable, so he's echo ing what treasury secretary

janet yellen and the other regulators have said. you can see jpmorgan chase leading the dow up 3% as we speak and some weakness in some of the regionals, posing the question. is this interest rate risk, most people would say yes, or is it credit risk? and this interest rate risk become credit risk, i think that now will be the worry for the market as we move closer to that potentially being a problem. stuart: but as we said earlier, big banks are getting bigger and their stock price up. regional banks shrinking a little, their stock price a little bit lower. that's where we are. okay. here we go. norwegian cruise lines. i know they reported before the bell. actually i'm interested in them. how do they fair with coming out of the pandemic? lauren: the stock is down it's so interesting. record bookings, higher price, consumer spending on board on the activities all of that is up , up, and away and they raised their full year numbers so it's amazing with all of that good news the stock went from up right after the report to now down about 1%. stuart: we tried to explain the stock market on a daily basis. you can't always do it.

lauren: i know. stuart: you just can't. next question, who is bullish on general motors because somebody must be. lauren: morgan stanley. they gave it a buy and they say despite some challenges in the transition to electric vehicles, including profitability, ev's are not as profitable as traditional cars. still, morgan takes general motors up to a $38 price target and says the stock is oversold. he's a buyer. stuart: okay, who does not like exxon-mobile? lauren: goldman sachs. goldman sachs cut them to neutral, and the stock hit a record high back on friday on those record profits. now, exxon-mobile is down 2%. their price target is 125 on the stock, but they say the valuation reflects the structural turnaround that has already taken place. stuart: okay, all right lauren: so there you have it. stuart: they had a nice run, backing off a bit. sofi technologies, that's a -- lauren: semiconductors, sensors, radar technology for cars. stuart: very important stuff.

lauren: sofi, i'm so sorry. my bad. i'm thinking on semiconductor. sofi is a financial provider. stuart: that's right. lauren: i apologize that's my fault. kids haven't paid their student debt in what, three years? this is hurting them so they did report a los alamitos though it was smaller than expected and they did report higher revenue, but this stock is down 2.5% for sofi technology because they need people to repay their loans once again. stuart: how about that? all right, let's get back to on semiconductor. lauren: this is the stock i was talking about radar technology, sensors for cars up about 4%. the news on this company is a double beat for earnings, revenue of almost $2 billion but auto revenue increased by 38%. it's now half of total revenue at the company, because they are using more chips and the like in

ev's than autonomous vehicles stuart: and they do these sensors right, that says how fast you're going all that kind of stuff. we're in business for all of four minutes and the dow industrial average is up 51 points on a monday morning that's .15% but level, 34, 100. all right let's have a look at the dow winners. there are a few. jpmorgan, they just taken first republic, the market likes it, the stock is up 2.5%. goldman is up. united health is up too. s&p 500 winners, franklin resources, there you have it, on semiconductor, general motors, jpmorgan chase, citigroup. the nasdaq composite winners microchip, a md is up there, intuitive surgical back on that list lam research and next semiconductor. got it. here is what we have for you coming up. even the left is calling out president biden for avoiding the press. watch this. >> for the journalists in the room, he wasn't laughing with you. he was laughing at you. i mean the reality is i think he's mocking the press. stuart: whoa! is the president mocking the

press? good question. joe concha answers that question , a little later. the east palestine resident says she's been experiencing lesions, stomach pain, shortness of breath since the train derailment back in february. so ohio congressman bill johnson will be there and then the administration's controversial new mortgage plan goes into effect today, may day. jeff flock is doing the math for us, right after this. ♪ ♪ ♪

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idea behind this is to try and help people that have questionable credit, or are low income. that's the idea behind it. that means that the fees for their loans will go down a little. at the same time, fees for people that have money like you and me, will go up a little. is that a coincidence? well the government says that's not what they're doing. take a look at what the federal housing finance authority had to say about it. they say, and i quote them now. "higher credit score buyers are not being charged more so lower credit score buyers can pay les" that's what they say, but if you look at the numbers and i'll give you an example. it certainly looks like that's what they are doing. for example, if you have a 640 credit score that's considered below average. you put 20% down on a house, $350,000 mortgage. before today, you would have paid about $10,000 in fees. after today, less than $8,000. conversely, if you have a 740 credit score, that's considered

very good. before you were paying less than 2,000 in fees and now you're paying 3,000. yeah, a lot of people think that's just not very fair, and an incentive we talked to a former fannie mae executive who says it also may have unintended consequences which could keep lower income folks out of the housing market. here is what he said. >> it's going to add to demand from lower income, higher risk borrowers. that demand is going to drive up prices in the neighborhoods those buyers are shopping in because the supply of homes in those neighborhoods hasn't changed. if you add more demand, keep the supply the same, the price has to go up. that's economics 101. reporter: [laughter] that's worth noting, mr. "varney" that if you have a higher credit score you still do get a better interest rate. you do get , you know, a better fee structure, but at the same time, it's not as good as it was before, and folks on the low end

are getting a break, but i'm sure you're for that, because you like to help out folks that are disadvantaged. wouldn't you? stuart: not in this way, no, i would not, but that's another story entirely. we should debate it at length on another occasion, i'm sure. reporter: i look forward to it. stuart: move over to the side and we'll put jerry howard on the street. there you go. there's jerry. okay. what do you make of this? are we going back to the financial crisis pushing money at people who are not going to repay? >> well, i think that's the big fear, stuart. we have to wait and see how they are going to under write and regulate these loans, but we've gone through the looking glass here. we're coming up with too many complicated solutions to a problem which ha, and that is, e housing. stuart: but you can't. you're the guy, you're the homebuilder guy. you told us for years, you can't

build the houses that you want to build because of regulation. >> exactly, and the way to get more lower income people into housing, the way to get more housing built is to ease up on the federal, state, and local regulatory burdens. it's really simple. stuart: but it's not going to happen, is it, jerry? >> it doesn't look like this administration is inclined to do that. it looks like they are in the mood. stuart: is the real estate market getting much help from slightly-lower mortgage rates? i know they've come down to what about 6.25 or # .5 on a 30 year fixed isn't that giving help to real estate? >> yes i think it is. i think you could talk to our members and if you are a little bit more optimistic, but the reality is, just like this change gives some help in some ways, it's not the fundamental issue right now. construction costs are going up. labor costs are going up, all because of regulation, all because of government policies. if we take a holistic look and go back, we can solve this

problem. stuart: last time i was down in florida, which was a couple of weeks ago, it was booming. i saw construction everywhere. is florida the hottest construction market in the country? >> it certainly is one of them and that's not a coincidence. the areas where you have strong construction, the area where housing affordability is the strongest, are the areas that are pro-growth, that are de regulating, that are helping people with common sense, not with government programs. stuart: doesn't it sometimes seem like we live in different countries? red states and blue states, i mean, big tax, more tax, it's like two different countries we're living in at the same time >> more and more i think you're seeing a huge divide in this country between pro-growth areas and those areas that are trying to hold people out. look at california, for example. stuart: california, tell me about california. it's a no-growth place, right? >> it's a no-growth place, high regulation and in san diego

county the cost of building a new home is 55% driven by regulatory compliance. 55%. so no wonder they have housing issues out there. don't want the rest of the country to be that way. stuart: wait a second you build a home in san diego county say for $1 million, a new home. half a million of that cost is in regulatory rules that you have to jump through hoops to meet? >> yes, sir. stuart: half a million? >> 55%. stuart: how is that possible? what do they require of you? >> the regulatory layers of bureaucracy in san diego county are among the worst in the nation, absolutely. stuart: okay i've got to leave it there. jerry howard, thanks for coming on board this morning always appreciate it. >> see you soon. stuart: yes, sir you got it. thanks a lot. here is what we've got coming up for you. big pharma has indeed profited from the covid pandemic but now

texas attorney general ken paxton vaccine investigation could stick it to big pharma executives. miranda devine has the story a little later on the show. the dallas cow bows had one of the most emotional picks during the nfl draft. we'll tell you about the tear jerking phone call between father and son, next. ♪ your work is your calling. it drives your days and powers your nights. but if your teeth no longer work as hard as you do,

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stuart: a runningback from kansas state drafted by the dallas cowboys what's so special about this? lauren: he is the son of the cowboys scout chris vaughn. this is an unbelievable, i call this a magic moment when chris calls his son deuce. >> hey, buddy. >> how's it going? >> it's going good. my phone wouldn't work and look at here, man. you want to come to work with me next week? >> i wouldn't mind that. >> [laughter] >> [applause] lauren: he's crying. imagine the thrill of drafting

your son? so deuce's runningback at kansas state and jerry jones got on the call and told him look, you earned every ounce of being drafted to play for the dallas cowboys. stuart: that's a very nice story on a monday morning. the quarterback from kentucky, will levitz, many people thought he be the fourth pick in the nfl draft. well, but, he did not get picked until the second round. he fell all the way down to number 33. former nfl tight end benjamin watt sewn is with us this morning. why did will levitz fall down so far so fast. >> it's one of the things you never quite know what the scouts think about a player. look on this side we get to read all of the reports and everybody makes their projections but at the end of the day, it comes down to a couple things. one does the team have a need of that position and you saw the quarterback draft was really heavy this year. you had three quarterbacks go in the top four picks and then even watching will levitzs throughout

the year. he has a rocket of arm but turn overs throughout the year so there's some things that i think scouts had issue with, but at the end of the day, the nfl draft is just the picking order. once you get into the league, now it's about how do you acclamate to your new team and lead your new team and there are plenty of guys who got drafted in the second, third, fourth, fifth round who ended up wearing jackets in the hall of fame. stuart: that's very true. yeah, there were four, the big four quarterbacks, young, stroud , richardson and left. who do you think has the best shot at a good career? >> i really love bryce young and his leadership. love the fact that he would come around his teammates even in an alabama year that might have been down for them. he has such a maturity but when i look at cj stroud, and especially about what he did against university of georgia. my alma mater, in the chick-fil-a peach bowl last year, his accuracy and ability to use his legs and going to a

texas team, i think he has a tremendous opportunity to have a great career. all these guys, you look at richardson and his stealing is tremendous but he will take the most work i think in indianapolis to get to the place where they want him to be. stuart: okay, ben i want you to take a look at aaron rogers because he's officially joined the jets. look at his reception at madison square garden. they were cheering him. watch this , roll it. >> [applause] stuart: do you think he can deliver? i think he's in his late 30s, like 39 or something like that. can he deliver? >> he is but you know i don't think age is going to be a big issue for him. watching him over the last couple of years, his arm ability , his arm prowess is still tremendous one of the best to play the game. i think what bodes well for air

rogers so having a playoff quarterback like aaron rogers makes a difference but the jets had the number four defense in scoring as well as yards allowed last year so to take aaron rogers and bring him to a team in a city that's hungry and has a lot of young talent with offensive and defensive rookies of the year last year and a team with tremendous defense, i think jets fans have a lot to be looking forward to this year and an opportunity to make it to the playoffs and once you get in the playoffs and you have a guy with that type of experience like aaron rogers you never know what happens. stuart: ben, i know nothing about football but you cared me through this interview really really well. thank you, young man. lauren: he did great. stuart: ben watson you're all right >> happy monday morning. stuart: you've got it. and then we have this , adidas. now that's a german firm. lauren: good job. either one. stuart: they are planning to do a lot more business in america. what's the plan? lauren: they focus on sports and one of them, you know a lot about, soccer, off of basketball

moving their headquarters to los angeles to be more in tune with basketball culture but basically they are going back to their roots, known as a sports company they lost their partnership with kanye west, the brand, do you know it's estimated that it was 8% of adidas's total sales, gone just like that so they need to to rebrand so sports first. stuart: okay and coming to america. check that market, please what we've got 25 minutes worth of business under our belts, and we've got the dow up 79 points a tiny gain for the s&p and the nasdaq. the 10 year treasury yield was moving up last time we checked and it's up again at 3.47. the price of gold check that for a while, just above 2,000 bucks an ounce. bitcoin didn't check that either but we've got it at 28, 490. still ahead, karl rove, ohio congressman bill johnson, dr. marc siegel and miranda devine. the 10:00 hour is next.

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