>> reasonable explanation for half a ton of pasta ending up randomly in the woods. how else does he get there without biblical apocalypse incoming? >> as we wrap up, let's get markets, dow industrial don't 81. real quick, we've got to mention the central bank, ecb raise interest rates this morning a quarter of one is expected. >> inflation six rounds longer than you want it takes higher rates than you need and rates are likely to stay higher for longer than the market it's expected. >> meanwhile plummeting today, michael leo, a pleasure. thank you for being here. we'll have more tomorrow. varney & co. picks up now. stuart: jay powell the bullet

and raise interest rates a quarter. plowing ahead with inflation because his priority but look at this. the regional banks under pressure again in part because of rising interest rates. you see stocks decline, you have to wonder if authorities are getting ready to intervene again. pat was down 38%. western allies down 13% that's not helping the overall stock market. the dow is looking at 78-point all's, nasdaq down 20. not a severe. $29000 and $84. gold, we don't quote that often enough is that $2046 an ounce. interest rates look at this, ten year treasury gone to 339 and the two year treasury all the way down well below 4%, it's up

on the day but it's 388 well below 4% as you can see. the price of gas is coming down a little, found 1 cent overnight, i think it will come down a lot more in the near future because oil is that $68 a barrel. that's the markets in the open to the show. next case, politics. biden when vice president is alleged to be involved in a criminal scheme to taken money in return for policy change. the fbi has the file, top republicans say they know wasn't it and they want to make a public. the president and his son hunter under federal investigation. biden pit campaign team releases second video for the 2024 election, he plans to invest in people and places who been forgotten. title 42 will be lifted next week and a new surge of ficus is expected, maybe more than 10000 that they but the border czar vice president harris will chair

the ai summit at the white house today. secretary mayorkas will head to the border, checking preparations to bring in illegals quickly and more efficiently. on the show, we will review apple's earnings, the most widely held stock, it's down premarket. we'll have more on the liabilities closing alzheimer's treatment, looks like a breakthrough and lily stock is up all over again. thursday may 4, star was they, may the force be with you. bonnie and company is about to begin. ♪ stuart: this is instrumental, i was going to sing along.

>> you don't need it, do whatever you want. stuart: thank you very much. anheuser-busch, the company of bud light, they reported this morning the first report since the dylan mulvaney diversity. the controversy was not covered in this report. overall, the parent company bud light and i'm a push >> late in the earning season anheuser-busch or whatever it is but a lot of people who protest and say i'm not going to drink bud light because of dylan mulvaney, i'm going to drink another beer.

most of the other beers are owned by the same company so if there drinking other. in process, it's going to raise the prophets. i said the word to be a fight back people, i looked on the box and there's no reference in the i thought somebody online and said look up, they are connected. at various levels were connected so i helped the prophets so the controversy is not going away, deep love for bud light. stuart: stay there. you're with me for the hour. check futures, i see red ink but not a lot. adams johnson with me to cover the markets. the fed, one and done, that's the way it seems to be. i would have thought that was a friendly message for the mar markets. >> you would think so and it is a friendly piece, yanked rates of five and a quarter over 13

months, the most aggressive rate hike they've ever had but there's so much nervousness away from the fed in the market currently. people worried about recession, worried about inflation, people worried about earnings, the laundry list goes on and on. i am deploying capital because i think we've got our heads into a bad place. stuart: that's consistently been your message. you think the recovery, the real rally started october last year to fit in it dabbling into the water every now and again. what about tomorrow's jobs report? it's a strong report, lots of jobs created and maybe lower unemployment rate, is that bad for the market? >> i think finally getting back to work good news is good news. we've had our ted had twisted, good news is the economy is going in there for the fed will raise rates so good news became

bad news. i think it's done because yesterday powell says we've yanked them up a long ways and recognize a lag between raising rates and the impact it has so he's effectively sidelining himself which means if we get good news yesterday tomorrow, it's plain good news. you have to overthink it. stuart: great to be back to t that. >> and i do think on a limit rate will stay low and job creation will be higher than expected because of adp jobs numbers on wednesdays were very good. stuart: thank you very much. big tech ceo this morning with vice president harris, they are going to discuss artificial intelligence. i can't be joins me now. harris put in charge of the border and failed to handle it. she's chairing the ai summit, why do you think she was chosen for this role?

>> a simple thing, i'm surprised you haven't figured this out. [laughter] when you think of the term artificial intelligent, artificial intelligence, kamala harris. that's exactly why she's in this whole thing. plus i think the biden administration realizes her worthless this is only going to be able to be propped up by getting a thought to be the vice president because every time she makes a speech she creates a whole new viral video of her talking about that this is our future. stuart: this is a very important subject, why did the president give her this rule on that subject x. >> he's got to do something with her and he can't put her in charge of investigating hunter's business dealings in china and ukraine so i think the only

thing to do is give her something that looks like something it's important but if she does artificial intelligence, or she's done for the border we don't have to worry about ai ever threatening us. we will be safe so maybe that's his lot, i know. of all the things, something as complicated it seems to be the last thing i put on her plate. stuart: i'm going to play a soundbite from president biden's second campaign at, this is his economic plan. >> joe biden's building and economy that leaves no city, no time, no american behind. >> we are investing in places and people forgotten. stuart: investing in people and places who's been forgotten. who's been forgotten? >> i can't think of anybody except working people because working people are getting forgotten about their wages are done, groceries are up, gas is up so if you're working for a living, are being forgotten but if you are a person expecting

uncle sugar to stay off your student loans, jump in and help your credit score by taking value away from people who have worked hard to have a credit card than i guess that's who he's really planning on sucking up to. i would have a feeling most people would laugh out loud when they say joe biden made the economy better, not for most american families he hasn't. stuart: thank you very much for joining us. looking forward to it, see you again soon i hope. big story, a whistleblower says the fbi and justice department have a document that puts then vice president biden at the center of a criminal scheme. the white house is dismissing the claims and say the president's always been transparent. with this in plain english, what's the latest from the whistleblower? >> bribery and that's what makes it so much more. our discussions have been this

is unethical, un-american, not good and that should have been looked at and is being looked at but bribery is a crime, it moves into the criminal element, did joe biden help a foreign power with money? that's not in the trip scription of vice president and that's what elevates this. stuart: they say they've got the fbi document on this and that's what the documents spell out. in future, we want to see the report. >> they are aware of the document and subpoena the documents they can get it in their hands if they pursue things but they seem to know a lot about it. reportedly have this in their possession since june of 2020. what happened in november of 2020? another piece of information the american people should have had when they went into the voting booth in november of 2020.

stuart: we want it all out. >> to an a half years of the biden administration. stuart: stay, please. good start to the show. drag performa, harvey daniels is the navy's new digital ambassador. they hope this will boost recruitment. a week away from title 42 expiring and what is the border czar doing? he with ceos about artificial intelligence. tony consult reacts to that right after this. ♪

big news, title 42 will be lifted one week from today so griff jenkins in brownsville, texas there of the border. griff is with us now. brownsville has been overwhelmed daily by the migrant search. secretary mayorkas is going to the border, he's going today. what's he going to do? >> i hope he comes here good morning. if he comes to the border and doesn't visit brownsville, which is ground zero it would be equivalent going to paris and missing the i eiffel tower. we'll show you what's missing every day, all day, you can see this large group lined up, there are hundreds, the majority continuing from venezuela. they will be screened, processed and transported out. the cut down to the efficiency of an assembly line almost like an amazon efficiency here and they are continuing to come in droves but i want to show you exclusive outage, we went across

on the mexican side with our fox team exclusive images. it continues to swell as we get closer to the title 42 lifting, there are more and more migrants coming all the way down this is in part of mexico issuing more and more temporary visas the migrants can't transit up to our southern border. i want to show you one more piece of video as we visually paint a picture of the crisis and it was shot yesterday with the drone, you can see migrants literally crossing in droves in a river in a very dangerous struggling situation. we've seen migrants really trying not to drown because it's such a humanitarian crisis. that's why presidents like deborah bell you will hear is very upset what she's seen and wants to know, what are they going to do with these people? >> we are hemorrhaging here and they are, the national guard and

military, whoever is out here is directing them just like this and they continuously poured over the side of the levee. a nonstop flow, this is just one caravan coming in processing, it's just continuous flow and where they going? what is the plan for all of these people? >> that's what people want to know. i will say since i've been on the ground, agents who have been exhausted and overworked for the past two plus years, they have because they know how important this

>> not only us, they are not telling our partners in other countries as well. i'll share with you, i got a call yesterday from the president at guatemala and i've tried to call the administration, no one is picking up the phone. he goes i off over 80000 illegal migrants coming through in my country. he's saying tony, guatemala is essentially your for this part of the southern border. help us help you, i want anything other than help us stop this crisis. the reality is the biden administration is not only ignoring americans but ignoring partners that can help solve the problem. stuart: is seems to be encouraging mass migration of central america all the way up to north america, we are encouraging it, speeding it up, making it more efficient, that's

what mayorkas is going to the border for today, speed up immigration. >> you're not wrong, the biden administration but it's will be a huge magnet and have allocated against illegal migration, i've advocated for people who come over legally through work visas and other areas. nine out of ten people do not qualify for asylum so instead of busting them all over the country, bus them back to their country of origin. i represent 42% of southern border, i'm in el paso right now. lacey is exactly what i saw a year end half ago in del rio when you have thousands of haitians under a bridge. the only reason is stopped as we started sending people back to their country of origin. that's what the administration needs to do. i'd rather see 1500 immigration judges come is that of u.s. troops who aren't helping the situation. stuart: a dire situation, thank you for being part of our

coverage. you won't get much coverage elsewhere. you are all right. take you for joining us. senator and democrat kyrsten sinema calling out biden's handling of the border while calling out, she's a former democrat calling out the current president. >> she's blasting the biden administration for not forcing border laws and she's going after kareem john pr for what she said that illegal immigration has gone down since biden took office. >> obviously the border is not secure and anyone who lives in a border state like i do, force born and raised in arizona, takes offense at comments like that because they are just factually not true. the reality is border communities in my state are suffering already and that's before the end of title 42. it's not secure, not safe.

>> that, that elicited this much k jp claiming illegal immigration has gone down by more than 90% hunter biden and that's why her line of anyone with eyes can see that's not the case because you see the video, does that look like a drop, 90%? looks like the opposite. stuart: the video a moment ago, long lines of people marching through, extraordinary. florida just past sweeping immigration bill, what's in it? >> $12 million must that's what ron desantis will receive to move out migrants thanks to the new bill. desantis flew a group of south american migrants to the liberal enclave of martha's vineyard, such as the 12 million, it would impose stricter penalties for illegal immigration including riveting ids for anyone who can prove they are in the u.s. illegally.

the logical thing all states should do but a lot of states aren't, they are doing the opposite. you need to show your u.s. citizen to get an idea from the state. stuart: 180 cities and towns and 11 sanctuary states. we will editorialize about that later. a little bit of red but not that much. opening bill is next. ♪

the futures market i see a little bit of letting but not a lot. we do have commentary on today's markets. you're in the hot seat. questions. was powell's message from yesterday one rate hike? is it good for the markets long-term? >> i think it's what the market was expecting and we saw in the reaction just after his announcement and the importance press conference said the markets were trying to figure out what was going on. the markets were up, they were down and then the good news came

out about banking troubles again and i think that overshadowed things so for now i think the markets are okay with where the central bank is the goldilocks situation. stuart: tell me about applicable big deal reports this afternoon, most widely held stock, i think it's most profitable company in the world, i'm not quite sure. what do you expect? >> i do expect they are going to give good numbers relative to expectation. you and i have talked for years about not liking this expectations games but unfortunately it's the one we are playing. i think the interesting thing to look at for apple long-term is how they are using their platform. they just opened up high interest savings account for iphone using and it got $1 million of deposits over a short

period of time, amazing what they can do pushing things out, asking their subscribers to do something. stuart: i do find the interest-bearing account from apple interesting. it brought in a billing dollars, i think in four days or something like that. that is a challenge for established banking system, isn't it? >> it sure is in one reason we see thanks fail is because they are offering savings, .02% or someone like apple or allied bank or any high interest savings accounts are offering four and a quarter. it's a big difference in you and i would take that, anybody wo would. stuart: thank you very much. about to open the markets and we are in business. lucy reading is morning, how do

we close? i have no idea. a lot depends on the apple report after the closing bell. as we can see, a few stocks are up, i'm looking at ten and about 20 down on -- i'm sorry, the dow 30. lost control of them out this morning. it's always bad news in my business. the dow is down 67 points. that's a fraction of 1%, .2%. the s&p 500 done a quarter% and nasdaq is down about exactly one quarter 1%. big tech everyday, we've got amazon up and microsoft the alphabet, but and of times. that's what we're going to start. a report after the ball. susan is back. >> institute conference in los angeles. >> i know the company that the

back of my hands, we are expecting a decline in sales today. this is a quarter where they always talk about cash return to investors so expect an announcement of the same rate of buybacks we saw last year, $90 billion or so and this is, apple has become a cash cow like an atm machine to get back to their investors which is why warren buffett holds it as his single largest holding period from the last decade, apple has returned $600 billion in stock buybacks, more than any other company on the planet the last decade or so. i think this quarter we are still buying back at the same rates as last quarter, we had 5% decline because of the production in china, i think the most important part today will be hardware sales and where we are in the cycle of his iphone 14 and whether it continues to sell after the holiday shopping especially with reduction snags.

stuart: quick question to adam who is not with us, if it's a disappointing report, it's investors are disappointed and apple talk comes down, as the whole market compound? >> there's probably a hiccup but with apple you say i could now come in and by apple at 155, it was 170 a month ago, i'll buy some. what they are doing in india is exciting, if they can turn india into what they make china, earnings will go up 30% over the next 12 to 18 months so does the excitement about apple right n now. it's not a quarterly report. stuart: anheuser-busch, the big beer and they are not spirit, a be a company, gigantic. they reported this morning. the controversy over the trans, bud light, that that does not appear in this report. >> i was looking at the guidance and i think bud light is a very small part of anheuser-busch is

business. you saw sales go up 13%, i saw strengthen in other bands as well so short-term public relations problem but long-term in terms of sales, i don't see it in the earnings itself. stuart: want to come to you for shady bank and then adam on the overall market impact. pack west down 41% as we speak. was going on? >> exploring all options and you have other analysts and brokerage advising them with this possible issue in multiple potential investor talks to maximize shareholders. holding from the markets with investors, they think the worst of the banking crisis has already passed us. jp morgan, first republic and silicon valley bank so a slight regional issue but not systemic in their view. stuart: is that why the overall market is not selling out

despite real trouble at pack west? >> i would say there really isn't real trouble, there's perceived trouble. the bank itself cannot say we've seen an outflow of deposits so i think it's built by association. several other west coast banks with problems, silicon valley, first republic, silicate etc. and people say is an of the california regional. there must be a problem. no, maybe there's a perception of a problem if they haven't had the outflows. stuart: so they can take care of this one. >> they need to take care of the other four failures. stuart: let's move on, another reported company, phillips, what do they got? >> they boosted their guidance which is good, somebody dollars a barrel and they will announce they will wrap up there mission outputs. you want to talk about serial? [laughter] it's all about pricing power, consumer brands we've been

talking about and procter & gamble if you're able to raise prices enough to cover inflation, sales have not been heard so people continue to spend, kellogg's boosted their guidance as well. stuart: down 82%. >> this is maybe you by on this reaction. stuart: the dharna. >> despite a dip in sales like covid vaccines, the total in the first quarter, it was down expected, better-than-expected on the bottom line. stuart: i always make a comment whenever i see cruise lines, so here we go again, a solid gain. as a cruise business back? >> i keep telling you about airlines and cruise lines as well so along with the other players, they are seeing more bookings search, people are to get back out and travel. stuart: do you remember leaders?

investing in the 1990s was all the money went up a couple thousand%. it still around but down today, sales slump. >> pretty similar to emd speaker with chip sales went down so that guidance was week for the june quarter, sales the better to start the year but it tells you that might be smart phone with this and if it translates to hardware makers, i'm not sure about apple but is a concern which licensed for every smart phone player on the planet because they get on the internet, it tells you something about the market. stuart: you remember, don't you? >> i do and i can offer perspective, the reason is that is because handset sales were down in china. the chips were down about 20%. the good news is they pivoted and now they are selling to auto companies and they are up 20 but

it's still so much bigger. i think it's a story everybody only knows and buys come back and trading about 12 times. >> i own it for clients, myself. twelve times earnings happy to buy. stuart: welcome back, good to see you thanks very much. coming up, here's what we have for you. k jp, jean-pierre, tough doll of defending president biden. i wonder what number press conference kayleigh mcenany has to say. she's at the next hour. many people feel from one of my favorite movies, print planes, trains and automobiles. >> i was just about enough of you. now take your seat. >> you had enough of me? first you delay me, i can't wait

to see what happens next. stuart: i wish you good from that clip a little longer because what happens next is great. one of my favorite movies. airlines flashers flight disruptions. i'm going to ask the former chief of united airlines about that. they blame you. he's in studio next. ♪

♪ ♪. stuart: i know this song, fly like an eagle, i know exactly why we are playing it. not just because we're looking at the airport, 49 degrees although an airline law which would include ceo of united airlines. before we get to that, allies run a hiring spree, todd is

still with us. which is the latest airline to announce a big expansion? >> united, i'll fly them in t minus eight days. thank goodness 15000 new hires not by next saturday but the end of the year. that matches the number last year. 2026 united plans to end 50000 new employees so why? airlines have been in a hiring frenzy since trouble bounced back from the depths of the pandemic more liquid than anticipated. pilots and flight attendants consuming to arise and cancel delayed flights. stuart: you happen to be sitting right next to the ceo of united airlines, who dropped by our studio today so oscar menus, the government put out a report the last couple days that says airlines are responsible for hazards and problems of the past year, do you reject back? >> long-lived of being accused of many things.

if you think about the broader context of this, what you see ucs and the delays and you don't understand. if you dig beneath the surface a little more, probably in my opinion, the biggest issue we have in america broader infrastructure but specifically air travel, air traffic control systems. the most outdated and i would say obsolete system almost the entire world there are 60 countries that have better and newer outdated systems to control air traffic and what it does, we are always safe regardless but to stay safer, we don't let planes in the air so if there's any destruction, travel or otherwise, everything is slow down and pushed back. stuart: to have a hard time retaining staff front up to customers? they are in a difficult position, they are taking all the heat from the traveling public because of the promise of the airport, can you keep them

employed? >> you try. there's a lot impacted, the numbers todd mentioned, we are replenishing and it's growing significantly but retention has always been an issue, it's a hard job which is why is so critical and important in a lot of parts of my book on the concept of how you build a culture of friendly and part of that is treating employees like you want them to treat your customers. stuart: you mentioned your book and the have and to hold it here, is called turnaround time, uniting airlines and employees and the friendly skies. i have looked at a little, you have a new art. i didn't know that. you had a heart transplant how many years ago? >> 2016. stuart: that's just one series of crisis you've gone through. >> i had several. stuart: which was the worst?

[laughter] >> the health crisis, certainly. i think a nice array of leadership lessons and crisis management. we went to union contract issues what you see in the marketplace. we had a proxy battle, a former ceo leaving 70 supplanted by somebody on the board and it causes drama. my heart issues have been 37 days into the job so that created a little bit and even beginning to get the new spirit of the united buying, subsequent issues with a customer, peacock, never ending. stuart: are you okay now? >> i'm happy, healthy and visit. stuart: expert joining us. thank you very much. here's a story for you. customs officials found 22 thanks in the passenger's baggage. take the story from the.

>> did you ever deal with this? coming to work and be like -- snakes. >> we had a scorpion. >> that's close. snakes on a plane to a whole new level the passenger with dozens of snakes in her carry-on this is the best part, at the same airport recently 45, three tortoises and eight corn snakes were confiscated from a passenger's luggage. maybe they are just doing a really good job of inspection or maybe people in the part of the world don't necessarily understand in the market for snakes. get it right. >> the underground make. part of it. stuart: coming up, don't forget to send in friday the back, bernie ewers of fox.com. anheuser busch tried to win this back, hoping to smooth over any tensions that remain with sellers by giving away free

beer. jeff is about to tell us who gets a free beer. jeff is next. ♪

hi, i'm katie, i've lost 110 pounds on golo in just over a year. golo is different than other programs i had been on because i was specifically looking for something that helped with insulin resistance. i had had conversations with my physician indicating that that was probably an issue that i was facing and making it more difficult for me to sustain weight loss. golo has been more sustainable. i can fit it into family life, i can make meals that the whole family will enjoy. it just works in everyday life as a mom.

anheuser-busch, your company wants to make amends with their distributor's after the backlash over bud light. just outside edges jupiter, edges jupiter place and philadelphia. who gets the free beer? >> not you, mr. varney. more to on that commercial back in the day? i don't often drink beer but when i do my drink gallons 20 here scratch. [laughter] beer goes to wholesalers, the people who deliver to beer stores around the country, every employee of wholesalers gets a three case of beer once they try to repair the relationship. the other thing they are doing is increased sales by increasing their budget of the earnings call today, the ceo said he was tripling the at budget, we've got the latest for you, it's a

little more to their grand, young people, country music concert to our knowledge. none of those folks are transgender. the other thing they are doing is sending a letter to judge deridder's saying a quote from the letter, this was one single can come up the picture with the transgender woman giving to one social media influencer, not made for production or sale to the general public. the can is not a formal campaign or advertisement. that said we talked to the publisher beer business daily said who said the rift with the distributor is very real. >> it's bad. especially in the south and midwest but really everywhere it had a negative effect. i wouldn't say the right word would be dismayed, furious, confused and they want more

action and so far they're not satisfied so far. >> the reason they are not satisfied is sales continued to plummet. the last week for which we have numbers, bud light sales down 21% again. coors light and miller light competitors of 20 and 20 +%. that said, i leave you with the final numbers on bud light sa sales, it remains best selling beer in america. bud light sales last week 73 million in sales. coors light and miller light, third and fourth on the list so transgender people drink beer, to. maybe they are going out of their way to buy a bud light these days. stuart: interesting report, thank you very much with a big bud light sign behind you. what surprises me about this is the boycott continues.

usually a boycott by conservative consumers as quickly, it doesn't get all the ground, this has legs. >> the dates we need to look at to see how far the lights go, a lot of people typically drink bud light memorial day weekend and fourth of july because bud light friends is america, last year they granted can't for america. let's see if it holds true you are part of a year commercial, the coors like twins and the twins -- you've aged poorly from that. stuart: i don't know what you're talking about. [laughter] we thank you very much for sticking around for the hour. damage done. still ahead, kayleigh mcenany takes on kgb and her performance. doctor marty makary is here on the experimental drug slowing alzheimer's. jonathan morris will react to

biden's national day of prayer proclamation. the 10:00 hour is next. ♪ ..

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