loading for this year probably have to be reconciled later this year. >> blue basenese what about you on earnings. >>, i think most interesting next 10 kas small cap microcap of market going to record all earnings where you can see risk returning to the markets, in russell ,000 continuing on earnings, but i do think commercial real estate is something we got to gi shoutouts to stephanie pomboy, yourself have been very early on commercial real estate eristic driving that home another risk in the market, is i think eric put right workable manageable but that doesn't mean going to navigate that transition very well necessarily. >> we keep a spotlight on commercial real estate thank you great everybody, markets up almost 200 right now joanie bily, lou bass needs stuart: good morning, maria, good morning, everyone. this is going to be a very big

day, it's all happening. jobs, apple, market rally, kamala harris on ai and of course, the coronation. let's start with the latest news , jobs report. in april, 253,000 new jobs added the unemployment rate unchanged at 3.4%. bottom line here? the job market remains strong. it's hard to see us going into a recession, or a slowdown of any kind with numbers like this. immediate reaction for stocks, they have been sharply higher right before the jobs numbers came out, sharply higher afterwards. dow is looking at maybe 200 point gain, s&p 30, nasdaq 74, 75 is about a half percentage point. interest rates, put them on the screen, please? because at the moment, interest rates are slightly higher, the yield on the 10 year treasury still below 3.5% you're at 3.45 right now, as for the two year, it's still below 4%, and it's at 3.89%, following that jobs report. bitcoin, 29,000 bucks before the

numbers, and 28, 900 now. got to look at apple. a big drop in ipad and mac sales , yes, but they sold $51 billion worth of iphone s in just 13 weeks, and that's up 2% from a year ago not expected. that pushed the stock to the upside, apple is at $170 a share , up four bucks 2.6%, which brings us to vice president harris and her sitdown with big tech. she laid down the law on ai. she told executives that private sector has an ethical, moral, and legal responsibility to make safe products and comply with all existing laws. president biden dropped by the meeting to say hi. we haven't seen much of him this week. politics. we're going to show you an extraordinary exchange between republican senator kennedy and an official from the energy department. kennedy simply asked what we get for $50 trillion worth of green spending. the energy guy couldn't answer. aoc shouts "murder" after a

black man died on the subway. he had been reportedly threatening passengers, a white retired marine put the man in a chokehold. the man died. black lives matter took to the streets in new york last night, threatened to burn down the local police precinct. and then there's the coronation. they've been practicing all night for tomorrow's big event. the crowds are already camped out. now, of course because i have a british accent, i'm often asked what i think about the monarchy. i'm going to tell you later but i'll tell you now, i am wearing a coronation tie. maybe i should wear a sombrero, but that might be cultural appropriation. it is friday, may 5, 2023. coronation tie and all, "varney" & company is about to begin.

♪ stuart: okay, that is a live shot from london and that is the man who will be king, crown ed king, i guess in about what would it be, about 36 hours , something like that. anyway, it happens tomorrow. live shot, the future king. he's the , i don't know how to describe him. he's not the king-elect. that's not right, he's not elected. he's going to be king formally tomorrow and meeting the people. there you go. good stuff. we'll have more on that later. next case, 253,000 jobs added in april. i'm going to call that a pretty strong report. lauren: me too. stuart: you like that? lauren: yeah. stuart: strong report? lauren: so we've had now 13 months of stronger than expected job numbers. where is the weakness? it's not just the numbers that are restored. the job numbers restored that are impressive but did you see unemployment and wages? unemployment had a 54 year low 3.4% wages up 4.4% year-over-year. bottom line, not the report that jay powell wants to see miles away from where he wants to be.

where are the jobs? professional and business services, they added 43,000. leisure and hospitality, they still are adding 31,000 jobs but this is slowing dramatically if you want to find weakness i'd say it's there. construction, transportation, and warehousing, healthcare up almost 40,000, so bottom line. strong report, bulk of job creation in business and in healthcare. stuart: okay, those , thank you, lauren. those numbers came out at 8:30 eastern time, 34 minutes ago. futures went straight up dow is up nearly 200 points. michael lee watching the market for us this morning. strong jobs report. markets going up. are we off to the races on wall street? >> you know, i don't think so. we've had some pretty ugly days and i'll say the positive reaction to this jobs report, to me, is the massive revisions downward, so if you take the last two months with the revisions that came in, they are roughly 30% lower. stuart: now we didn't report that or get into that. lauren: correct. stuart: you're telling me in the

previous two months they revised down the number of jobs added? >> 30%, 149,000 jobs they said were created in the last two months were not the same thing will happen when we get the final number for this which means this job growth is slowing. okay? wage growth is still coming along but that rate of change for the wage growth is slowing a little bit. stuart: isn't that what the fed wants to do? >> yes, that's why i think you're seeing a positive reaction to the market. first apple earnings are pushing the market higher and this jobs number took the dow up almost 200 points. stuart: it's not going to last? why not? >> because we have a massive bank contagion on our hands that's not going anywhere. stuart: that's still with us and that's going to hurt the market down the road. lauren: so is may 9 when you have the big four meeting about the debt ceiling and that's an overhang and worry for the markets too. are we heading off the fiscal cliff again? stuart: i've got to move on to another subject but you are not,

you're saying we're not off to the races at this point? >> absolutely not. stuart: but is there a huge decline coming? >> you know, i think, at best, we're going to be flattish until this banking situation gets resolved and the fed pivots. at worst you could see a 10-15% decline. i don't think the bottom will fall out but i do not think we're off to the races. stuart: worst case 10-15% decline. all right, well you've not exactly thrown much cold water on our glorious morning so far, but nonetheless, you're negative mike lee, we'll see you again later, thank you, sir. vice president harris lead a meeting yesterday on ai. she brought in the top big tech ceo's. what did she say to them? lauren: well, let's show you this because biden walks in and basically says "thank you" to the heads of google and microsoft and the two ai companies that they funded. elon was not invited to this meeting. here is the president.

>> everyone has enormous potential and i know that you understand that and i hope you can educate us as to what we think is most needed to advance, this is really really important. lauren: so important that he put kamala harris in charge and he just drops by, just like that, but then you have the administration. i thought this was novel. they're asking the ai developers to participate in a public evaluation of their service employees in august at the defco nn hackers convention so the hackers would find bugs in the ai system if you find the bug you could help keep the bad guys out. that's almost brilliant in a way stuart: it makes sense. lauren: to me it does. the white house is also admitting yeah, we don't understand this stuff. we've got to let the good hacker s figure it all out for us yet, kjp, the press secretary insists that the president knows how chatgpt works. stuart: got that. thanks, lauren.

so harris chaired the meeting, the president dropped by. that's what we just saw. sean duffy is with me this morning. we haven't seen much of the president this week. has the basement strategy already begun? >> you've seen this report come out there's an fbi document that shows that joe biden was running a criminal enterprise when he was the vice president. this guy doesn't want to take questions on that right now, stuart, so it's easier just to remove yourself from the public square than to put yourself out in public and have reporters yell questions about you and what you did as the vice president, enriching yourself potentially during that time, and questions about hunter biden the pressure on the bidens is intense, and what joe biden plans on doing here is he removes himself and just lets the liberal media defend him. why defend yourself when the media will do it for you. stuart: but you can't go on forever. you can't go on for doing that, or can you? >> sean: oh, i think you can. it's a good question. historically, you couldn't do that because the american people would demand more from you, but

we become accustomed to joe biden being an absent president and again, the press filling in the blanks for him, and i think it worked in 2020. why not do it again? and again, i think you've seen some slippage in his cognitive ability, and so the team around him, who loves him and protects him, their job is to make sure he doesn't make mistakes and that means you take him off the podium and put him in the basement or the bedroom whatever you like. stuart: okay, i do like the idea of the hackers looking for the bugs or get the bugs out of ai. i mean, i think that's a reasonable idea, do you have any problem with that? >> sean: i don't mind that but i think when kamala harris, you know, in this conversation with these tech executives was talking about you're responsible for the safety of this new technology, which is really meaning about that, stuart, she says listen i want to make sure you're a ring of the democrat party. i want to make sure that you still continue to censor disinformation that you make sure that we get the truth out which is the democrat talking

point. this could be dangerous to the democrat party. if you have platforms that drive the truth, real information out to the public, that's cataclysmic for the democratic party so they want to make sure they continue to have the control of liberal tech. stuart: sean, i know you're the all-american, a lumber jack, former member of congress, nine children, very american kind of guy. you going to watch the coronation tomorrow? >> sean: i am not, stuart. just for you, you said you had a coronation tie on. i took my tie off just to protest you wearing a coronation tie. that's what i did, stuart. listen, i don't care about this. i don't like king charles in any particular way. i think he's kind of a bad dude, and he's a liberal dude. he's a green dude. i don't like him, and stuart, you're an american. shun the crown! be an american. we fought you people, join the movement. stuart: you people [laughter] you people.

watch out for that expression " you people." i still think you're all right though, sean, even though you are misguided on cryptos. we'll see you again soon, sean duffy. thank you very much indeed. >> sean: stuart you said sell at 28, we're up at 29 going to 60, have a good day. stuart: you're on video tape. we'll see you later thanks a lot let's get to the real stock market shall we with real action here, dow is up 200, nasdaq is up 84 points, that's two-thirds of 1%. coming up, the democrat national committee does not have any primary debate scheduled. joe rogan slamming that decision , roll tape. >> like how are we going to get a better democrat if you don't let the president debate? won't let him debate before the primaries? so it's like that's not that democratic. stuart: you know, you could say that voters should be allowed to see how biden stacks up against a challenger, but if there's no debates you don't see it. louisiana senator john kennedy left an administration official speechless.

department of energy deputy secretary david turke could not answer how spending $50 trillion would reduce global temperatures economist peter morici takes it on next. ♪ watching you is all that i can do, and i'm speechless ♪ (man) what if my type 2 diabetes takes over? (woman) what if all i do isn't enough? or what if i can do diabetes differently? (avo) now you can with once-weekly mounjaro.

mounjaro helps your body regulate blood sugar, and mounjaro can help decrease how much food you eat. 3 out of 4 people reached an a1c of less than 7%. plus people taking mounjaro lost up to 25 pounds. mounjaro is not for people with type 1 diabetes or children. don't take mounjaro, if you're allergic to it, you or your family have medullary thyroid cancer, or multiple endocrine neoplasia syndrome type 2. stop mounjaro, and call your doctor right away, if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, vision changes, or diabetic retinopathy. serious side effects may include pancreatitis and gallbladder problems. taking mounjaro with sulfonylurea or insulin raises low blood sugar risk. tell your doctor if you're nursing, pregnant, or plan to be. side effects include nausea, vomiting, and diarrhea which can cause dehydration and may worsen kidney problems. (woman) i can do diabetes differently with mounjaro. (avo) ask your doctor about once-weekly mounjaro.

with a majority of my patience with sensitivity, i see irritated gums and weak enamel. sensodyne sensitivity gum & enamel relieves sensitivity, helps restore gum health, and rehardens enamel. i'm a big advocate of recommending things that i know work.

stuart: all right, about what, 45 minutes ago we got the latest numbers on jobs, 253,000 added in april. edward lawrence at the white house. i bet we will see the president later on today to talk about the strong report, right?

reporter: you're exactly right. white house official telling me we will not get a statement on this report, as is customary but we will hear in about two hours from the president during his cabinet meeting that that will, that he will talk about this jobs report. blew away expectations as you know. the unemployment rate 3.4% tying a near-record low from last january, so again, the president not going to release a statement on this. we will hear directly from him. now labor force participation rate, that remained about the same, which is concerning for some, because we saw more people dropout of the workforce, 214,000 more people left the workforce, a much larger number than those who became employed or those who became unemployed in this report, and then it is also a main reason why the unemployment rate went down. now, cpi inflation sits at 5%. average hourly wages increasing 4.4%. wages, inflation out pacing wages. here is what the jobs are leisure and hospitality, manufacturing creating 11,000 jobs, construction creating

15,000, the economy added about 40,000 in healthcare. still the economy is showing cracks under the hood. yesterday, the office of management and budget director outlined an even more dire situation. if u.s. defaults because of debt ceiling so i asked about this meeting with the president. listen. >> then why is the meeting with the house speaker kevin mccarthy on may 9, why not have it today? >> well i don't know where the speaker is and what his schedule is so i won't speak to trying to get the leaders of the country into the same room. what i do know is the meeting is happening. as you know the president is going to make clear that default has to come off the table, that he is happy to talk about spending priorities, and who you value in this country. reporter: and stu, i think your guests are right. the federal reserve doesn't like to see this big number but the market likes the revisions down 149,000 for the last two months. back to you. stuart: edward got it thank you very much indeed. let's bring in peter morici, he is an economist. 253,000 jobs added. doesn't look like we're going

into a recession, does it, peter >> no, but it's not a blockbuster report, be those revisions down for february and march. you have to remember, a lot of the seasonal adjustment factors these days are a little bit crazy. we saw that in retail sales, not to bury this story, and we're seeing this here. my feeling is the economy is producing a steady amount of jobs. it's somewhat under 200,000 a month, and month-to-month we're going to get some aberration. stuart: okay i want you to listen to senator john kennedy question a biden energy official on white house spending on climate will really accomplish. it's fascinating. wavelength this , please. >> how much, if we do our part, is it going to reduce -- >> we're 13% of global emissions. >> you don't know, do you? you don't know, do you? >> you can do the math. >> you don't know, do you, mr. secretary? >> so we're 13% -- >> if you know, why won't you tell me? >> if we went to 0 that be 13%. >> you don't know, do you. you just want us to spend

$50 trillion and you don't have the slightest idea whether it's going to reduce world temperatures. stuart: all right, peter. how can you ask for that much money and not know whether it works or not? >> well, the problem is it only works if everybody else does the same work. if china does the same work, and india does the same work, look at india. now the world's largest country won't go to netzero until at least 2070. i don't believe that promise at all. my feeling is we're going to go through all of this and weaken our economy, the same thing with the europeans. basically, when you take down a coal fired plant in the united states, you put one up in india or you put one up in china. the net effect is zero. we just export jobs. stuart: when does this hit us? i mean, arguably its not hit us yet because we haven't spent all of this money. when does it hurt us all? i mean, when? >> well, it's hitting us right

now. for one thing, federal spending has gone up from 4.5 trillion to about 6.5. its been about a $1.9 trillion swing from before the pandemic to after it. consider how much is mr. biden's climate initiatives, his tax incentives and so forth. stuart: true. >> so look at the inflation we have. the other thing is look at the productivity numbers we're getting, because we're forcing people to move from one industry to another, before the technologies are available, we're wasting capital at an enormous pace. it's like we were going out and the romans destroying the capitol of carthage. joe biden is really, become the occupying general here destroying our industries by forcing them to change faster than the technology or the resources are available so we get lousy productivity number s, we get low employment growth, we have people leaving the labor force because the wages aren't adequate, and we get what you saw in terms of

gdp growth, which was very poultry. this is not a healthy economy but it could be but it won't be as long as you force people to do things that don't make sense. stuart: yeah, $50 trillion, and we don't know what we get for it good stuff. peter? thank you very much indeed. hope you enjoy the coronation. we'll see you next week. >> i wasn't invited. stuart: [laughter] neither was i. bernie sanders wants to raise the minimum wage again. all right, lauren, how high does he want it? lauren: well, $10 more than it currently is so $17 an hour over five years. he tried and failed to get $15 through two years ago. he says 17 is just adjusted for inflation. that says a lot about the price of things. look, and he says 13 states are already on board with this. >> now is the time to raise the minimum wage, and let's be clear. this is not a radical idea. the overwhelming majority of americans support raising the minimum wage to a living

wage. doesn't matter whether you're a democrat republican or independent. people support and understand that workers need a living wage. lauren: what about small businesses? because if senator sanders got his way, they be paying staff $17 an hour for eight fewer hours a week. stuart: oh, it's a four day week lauren: this is what sanders tweeted "bring it up. it's time for us to move to a 32 hour work week with no loss in pay." might as well put the nail in the coffin for the job creators out there. stuart: they just replace workers with technology. lauren: slim chance he gets this through the senate, knowing nowhere in the house. stuart: check futures, please. this is jobs day, it's apple day and we've got a market going up. plenty of green left-hand side of the screen. we'll take you to wall street for the opening bell, next. ♪

(vo) businesses nationwide are switching to verizon business internet. (woman) it's a perfect fit for my small business. (vo) verizon has business internet solutions nationwide. (man) for our not-so-small business too. (vo) get internet that keeps your business ready for anything. from verizon. what will you do? will you make something better?

create something new? our dell technologies advisors can provide you with the tools and expertise you need to bring out the innovator in you.

this is btv business television. this week featuring nouveau monde graphite, supplying graphite for evs. osisko development, proven team finds 80 plus million ounces of gold champion iron, decarbonising the steel industry by providing high grade iron ore. talisker, with almost 1.7 million ounces of gold across two assets. discover companies to invest in watch at b-tv.com central banks are buying gold at a record pace. galantas gold has discovered high-grade gold in a world-class district. fully permitted, galantas gold is ready for production. the industry's biggest investors own 60%. visit galantas gold

♪ limu emu & doug ♪ hey, man. nice pace! clearly, you're a safe driver. you could save hundreds for safe driving with liberty mutual. they customize your car insurance so you only pay for what you need! [sfx: limu squawks] whoo! we gotta go again. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ stuart: all right, it's a friday morning. we've had the jobs report, the investors seem to like it dow is up 200 and the nasdaq is up 91 points. look whose here now, the

youthful jacob swineshine to look at the market. which camp are you in, the camp that says hey, the rally continues or the camp that says watch out there's a big drop coming? >> i think we've just begun a correction and i think that is -- i rarely say that because that's obviously a bold thing to say but when i look at the s&p 500 multiple, when i look at where the 10 year yield is, there's not enough return on the s&p 500. you get to 4,200 you get resistance and now you have economic risks we're seeing maybe just a hair in the jobs report. i think there's risks that the market has to reconcile with before we resume a bull market. stuart: you wouldn't buy any dip s? >> i actually would because there's never a 100% chance that anything is going to happen so on the way down, i think it be really smart to add more and more on the way down. stuart: jacob, you're killing us here. on the way down we started a correction already? we're all happy we've got a nice jobs report it's the coronation tomorrow. >> i know, here is my problem.

the impacts of monetary policy always happens with the lag, and sometimes more than a six-month lag. sometimes a 12-month, sometimes more than a 12-month lag so there's a little bit more destruction the market has to reconcile with. as it does that it's going to look out to 2024 and going to look out to when things stabilize. the problem is it's already done that. we need to wash out some of the buyers and then that'll be a nice opportunity to buy. stuart: at some point the federal reserve will stop raising rates, will pause, and then maybe go down. is that the buy signal? the moment people think that the feds going to lower rates, is that the buy signal? >> i think the buy signal was in october when the s&p 500 hit a low and people started thinking that the fed would pause. now we're there. i think the fed is pausing, but now we have to see the next thing that the market has to do. next on the agenda, economy and earnings. stuart: okay, we're going to see you on the round table on fox business this weekend, thanks for joining that. meantime we're looking at the market which is about to open. in fact it has opened.

the dow is up with plenty, i'm expecting to see a lot of green on the left-hand side of the screen there for the dow 30. >> [opening bell ringing] stuart: it opened with a gain of 280 points with almost all of the dow 30 on the upside, in the very early going. i don't know how this thing will close out today but we're up 300 in the first minute of business. the s&p 500 also higher to the tune of almost 1%, 4,100 almost there. you get a lot of the predictions we go down to 3,000 by the end of the year this morning we're at 4,100 and the nasdaq is at 12 , 072 up 105 points calling that a rally. show me big tech. i imagine they are all up look at apple right at the top there up five bucks 3%, amazon is up, but alphabet, microsoft, meta, on the downside. not by much. apple of the day, sorry, stock of the day -- >> apple of your eye. stuart: it's the apple of your eye, susan. >> correct. stuart: tell me all about the report. >> actually it was better sales and profit so looking at a huge

record march quarter for iphone sales, which was surprising, and i spoke to ceo tim cook who told me it was an emerging markets demand story for iphones so you saw record sales in india, brazil, indonesia, et cetera, so guidance was a bit weak. it wasn't really specific because they don't give specific guidance, but on the call, the earnings call they said it be similar to what you saw to start the year. 4% more in dividends so you're getting the cash back as expected. $90 billion in stock buybacks as expected, and of course, i asked tim cook about ai, artificial intelligence, and here is what he told me. he says i can tell you that we're deeply and thoughtfully looking at ai and we of course use it today, and in all of our products, but this is a potentially exciting time for ai, and you can bet that we're focused on it. he says i'll bullish on ai because i think it can really help humanity but if done right. also, you saw record services revenue, yes, that includes

record payments revenue, and on that new apple savings account, cook told me that we don't talk about an exact number but i can tell you that we're very, we've been very pleased with the initial result, and the first start, its been a great response from customers, and you know the reason we did it was to improve people's financial health and he says the rate that we're paying at is one of the strongest around. close to 5% you're getting on that savings account at apple. stuart: you reported yesterday they brought in what was it, a billion dollars in four days? >> in four days so i asked for specifics and they said we're not sharing that right now of course i had to ask about shifting production to india. he said our supply chain is global but he was asked on the earnings call 20 times about india. he also said that china reopening helped recover lost sales for apple so that was a delayed demand story as well. $166 billion in total cash still , and we are expecting the worldwide developers conference next month where we will expect most people on wall street expect their first new device since the apple watch was launched almost a decade ago.

stuart: you enjoy apple earnings reports don't you? >> well, i mean, the biggest company in the world, and it's also helped by the way. you know, we were heading into berkshire hathaway and the omaha investor meeting. it made warren buffett $200 million one single day there. so paid out $200 million in that boost in dividends and stock buybacks. stuart: that's a lot of money. let's change the subject and look at lyft. i know it's down just as uber goes up. what's the story on lyft? >> they lost more money to start the year sales were a bit better, guidance was weaker. they only guided for just about a billion dollars in sales sales and this company is in trouble. this is not new, so they are bleeding losses, the co-founder stepped down from the leadership ceo position and many think this is likely up for sale trying to find a buyer right now stock is down about 50% in the past year and this will lead us into why uber was so smart to diversify and get into food delivery. stuart: uber couldn't buy lyft? anti-trust? not going to happen. >> well especially they buy

activision blizzard, a gaming company. stuart: why is carvana expected to turn a profit? >> adjusted, it's an adjusted profit so there's a lot of ex- taxes and expenses et cetera so this is a short squeeze reaction you're seeing right now better adjusted earnings after the expenses, carvana said they would achieve profit. this is adjusted profit, again lot of caveats sooner than expected during the spring time but it's a cost cutting game, as i mentioned to you the stock is down almost 98% the past 12 years, on the brink of bankruptcy one of the most heavily shorted stocks on the market almost 50% of the outstanding shares shorted so when you have this type of reaction it's a surprise short squeeze people are trying to buy in because they are betting against the stock. stuart: even though i have not yet ever ordered food for delivery, i noticed that doordash is way up this morning. >> yeah, well, look. stuart: only 2% not much. >> well i actually had a bigger reaction yesterday in the after-hours immediately, but you saw record sales and orders

which helped them actually make way more money and sales to start the year than expected so as a result they are raising their guidance for the year. now they are still bleeding losses, but the stock is up 30% this year alone, in just about four months and this goes back to why you had this bifurcation of why uber did so well, compar ed to lyft because uber is now a diversified play getting into food delivery to augment and buffer the slowdown in ride hailing. stuart: can you bring us up to speed on the regional banks? >> yesterday we saw western alliance went down to record lows and there are concerns that pacwest might be up for sale and western alliance denied that report, and pacwest still looking for strategic sale options but if you look at this recovery given that you saw yields go up, because of the stronger than expected jobs report, so when yields go up, interest rates go up, they make more money on the loans that they dole out. also remember, you heard from pacwest and western alliance and they reassured the

market saying we have stability in deposits. you haven't seen a huge out flow after the first republic jpmorgan sale over the weekend. stuart: i'll call that good news for the overall market which now the dow is up 350 odd points, that's better than 1%, so since the opening bell, we've gone straight up susan thank you very much indeed. 3.63 up 33, 400 is the level. okay, that's the big board winners headed now by apple which is up 4.25%. see what you did? >> apple is also the largest component on the s&p and the dow of course, and so when it goes up it takes everybody else along with it. stuart: but it did go up sharply after your report. >> thank you. stuart: take some credit. a couple billion dollars right there. top of the list on the s&p 500 winners, zion's bancorp, recovery, live nation, key corp. is on there, that's the regional banks. the nasdaq winners apple up there again. monster beverage, lucid, tesla is on the list up four bucks and z-scaler is there too. coming up, the white house defended its handling of the

border. roll tape. >> look, i can't say what it's going to look like after may 11, but what i can say is that this is an administration that has taken the challenges that we see at the border very seriously since day one. stuart: wait, you have to wonder if they really have taken it seriously. where's the plan to deal with the surge which they know is coming? the coronation, yeah, that's tomorrow but the drama has already begun. queen camilla not happy about harry. will harry show up and what's this about a last minute meghan stunt? we'll cover it all. ♪

- double check that. eh, pretty good! (whistles) yeek. not cryin', are ya? let's tighten that. (fabric ripping) ooh. - wait, wh- wh- what was that? - huh? what, that? no, don't worry about that. here we go. - asking the right question can greatly impact your future. - are, are you qualified to do this? - what? - especially when it comes to your finances. - yeehaw! - do you have a question? - are you a certified financial planner™? - yes. i'm a cfp® professional. - cfp® professionals are committed to acting in your best interest. that's why it's gotta be a cfp®. find your cfp® professional at letsmakeaplan.org. the virus that causes shingles is sleeping... in 99% of people over 50. it's lying dormant, waiting... and could reactivate. shingles strikes as a painful, blistering rash that can last for weeks. and it could wake at any time. think you're not at risk for shingles? it's time to wake up. because shingles could wake up in you. if you're over 50, talk to your doctor or pharmacist

about shingles prevention.

from big cities, to small towns, and on main streets across the us, you'll find pnc bank. helping businesses both large and small, communities and the people who live and work there grow and thrive. we're proud to call these places home too. they're where we put down roots, and where together, we work to help move everyone's financial goals forward. pnc bank. stuart: it's a rally. the dow is up 440 points, the nasdaq is up 133. i think that it was a pretty

strong jobs report notwithstanding the revisions for the previous two months, and the market is going up this morning. i don't know how it closes but i like the look of it now. all eyes on brits this weekend, for the coronation of king charles. as an american? lauren: yes? stuart: what's the big attraction for you if you watch it on tv? lauren: i love the pomp and circumstance. it's just so, a little, you could wake up for this , early, a little after 10 a.m. london time, 5 a.m. here on the east coast, the king will leave buckingham palace and head along the mall and then down to, sorry you're asking an american. stuart: it's mall. it's not the mall. lauren: it's down to westminster abbey. i love the history. this is a first time a monarch is core o nateed in 70 years. you remember queen elizabeth. stuart: my family bought a tv just for that occasion. the whole street came into watch lauren: i'm expecting modern changes.

look queen camilla will be by his side. not diana. does that put the fairytale back together? maybe from a mother and then the stage coach, they are using the newer -- stuart: that is a guilded carriage. lauren: it's called the diamond jubilee stage coach and finally, charles' 9-year-old grandson, prince george, will hold the robe, he's been practicing so his granddad doesn't fall. stuart: quickly get into this. donald trump hits biden for skipping the coronation. deal with that? lauren: nigel farage interviewed trump and it says it doesn't seem like biden likes us brits very much but trump said instead , well it's hard for him to do it physically. certainly he should be here. he's our representative. i was surprised when i heard he wasn't coming. i think it's very disrespectful so trump says it's a snub and he slammed president biden for being weak. stuart: i need a british accent.

lauren: thank goodness. stuart: i'm surrounded by brits these days actually. this is douglas murray he's got a really good british accident. >> i would never say the mall. the king is going to stop and shop on his way to the coronation it suggests. >> [laughter] stuart: lauren, you'll never live that down. you never will. do you think, do the brits think that because joe biden is not going, he's snubbing the brits? >> i don't think, i think trump inevitably made as much of this as he can. biden was in ireland just the other week, of course so the idea that he can't travel the atlantic isn't quite true, and the truth is is that it's a little overstated. the american presidents of course haven't gone to coronations before but then there is sort of good reason for that. you heard of the late queens coronation. eisenhower's president then and didn't go but it was very close to the queen, and it wasn't a snub, the korean war was going on at the time and the queen reigned between a third and the quarter of the time the

american public has been in existence so complaining that presidents don't go to coronations becomes well before the age of air travel, it was hard and then just sort of at the founding, so there isn't actually precedent for american presidents being at coronations. it can be read as a snub by some people but he's sending his wife one of hunter biden's children i think is going. stuart: yes, his daughter finneg an. >> so there's a signal that, you know, the presidential family is recognized. there are other biden children that could be sent, but -- stuart: now, a lot of people ask me, well how do you feel about the monarchy. i've got a british accent to people ask that question and i am intrigued by the coronation, and there's a part of me which wants to be there. i like the pomp and ceremony. i like that and i like the position that the monarchy occupies in britain so i'm interested, but i'm a committed american, and i'm staying here. how about you? >> yes. i find the royal family very important and a little bit

boring, and i think that's fine. they shouldn't be too interesting. i never read royal biography or anything like that. i think the great, you know, after the queen died, i said to a colleague of ours here at fox who said i have a bit of a problem with the whole monarchy thing and the best way to think of it is imagine that the flag is embodied in the american. the american flag. what all americans swear allegiance to, fight for , die for. in britain that is a person. it's embodied in a person, in the monarch, so the monarch in britain is like if the flag was a person in america, and that should of course be way above politics. it should not be able to be come on deered by any political side and you know, all countries have their oddities, and it's one of the great things and i sell celebrate them. stuart: the monarch system works >> it works very well. stuart: didn't work here. >> didn't work so well here exactly. stuart: not so well here.

>> well -- stuart: go ahead. lauren: we've also had three major events in one years time. the queens jubilee and sadly her funeral and now this so since when we have folk en about -- stuart: you have fatigue? lauren: no it's exciting and it draws more attention to it for americans, the mall. stuart: on the mall. >> it's pal mall. >> [laughter] stuart: none says. the cigarette? >> that's right. tomorrow morning we'll all be up bright and early to see the royal stage coach setting off. lauren: 5 a.m.? >> don't miss it. stuart: aren't you glad we brought you on the show today, know the to discuss the serious stuff, oh, no the royal family. that's quite all right when the late great barry humphreys said live on air, how do you feel about this , and he said i'm a teensy

bit board. stuart: well i'm going to be watching. thank you very much indeed, douglas. >> thank you. stuart: with your accent. good stuff. what's this about the empire state building? the empire state building celebrating the coronation? lauren: in red, white and blue, conveniently the same colors as our flag but not for the u.s. flag. for the union flag, so that combines the crosses of england, wales and scotland. did i do any of that incorrect? stuart: no that was brilliant actually. lauren: are you sure? stuart: did you know whose that rolling stone? he was at the queens coronation in 1953. >> not mick jagger? stuart: keith richard. did you know that? keith richard who is still alive amazingly so was in 1953. he was a choruster. all right, coming up it's not too late to be on the show. don't forget, comments and stuff about the mall. send in your friday feedback, e-mail your questions comments

and critiques and them all to varneyviewers@fox.com. several automakers cut the price of their ev's tesla led the way. ford cut the price of its mach e , a muscle car that went electric. jeff flock has the mach e report after this. ♪ pods biggest sale of the year is now extended! save up to 30% on moving and storage until may 9. and see why pods has been trusted with... over 6 million moves nationwide. save up to 30% now until may 9. visit pods.com today!

starting a new chapter can be the most thrilling thing in the world. there's an abundance of reasons to get started. how far we take an idea is a question of willpower. because progress... is a matter of character.

we moved out of the city so our little sophie could appreciate nature. but then he got us t-mobile home internet. i was just trying to improve our signal, so some of the trees had to go. i might've taken it a step too far. (chainsaw revs) (tree crashes) (chainsaw continues) (daughter screams) let's pretend for a second that you didn't let down your entire family. what would that reality look like?

well i guess i would've gotten us xfinity... and we'd have a better view. do you need mulch? what, we have a ton of mulch.

stuart: we are going green. well, going green has meant los ing green for some automakers like ford. they've lost a ton of money on their ev operation, and by the way, they've cut the price of their mustang mach e for the second time. jeff flock is with us. that's a muscle car. what does the mach e start at these days, jeff? reporter: well, first of all, so thrilled to hear you're interested in the make plaque mach e, that is wonderful i'm glad you're finally going electric, saves the environment, you don't have to worry about an engine. there's no engine in there. you can put your golf clubs in there, but anyway, yeah, and i can get you into this for less than $40,000. put the numbers up. you asked, and i answered.

42, 995 is why it's down with a cutoff $3,000 from ford just now , and so that's great on the mach e. if the government tax credit is figured in you're under 40 grand the tesla, model 3, that's even cheaper as an msrp. elon musk has cut that price down to 42, 040 although just hiked it back up, it was under 40,000. that said, jim farley, the man who approved those price cuts for the mach e says he's worried about having to cut prices and not just because he loses profits. listen. >> the more you cut the prices when you cut them aggressively, the resell value for the people who bought at the higher prices is awful, so we've been able to contain a lot of the price cuts, but i think that it's a worrying trend. reporter: elon musk says he is

not worried. he tweeted this. he says it's always tough with margins for new vehicle lines, especially when there are major technology shifts. he says i think ford's overall strategy with ev's is smart. the electric f-150 for example, has high demand. that's absolutely true. the problem though is price, stuart, in addition to losing money, electric vehicles average cost right now a little less than $59,000. the average cost for a non- luxury gas-powered vehicle, $44,000. you know, my old friend sergio m arkioni, used to be the ceo of fiat chrysler, said please don't buy my electric cars. i lose money every time i sell one. stuart: [laughter] that tells a story, jeff, and it's a good story too. jeff flock, right there in the middle of it thank you very much indeed. still ahead, is president biden going back to his basement strategy? tammy bruce takes that on. what happens on day one after title 42 is lifted? brandon judd is our border guy

and he's looking for a huge surge, and martha maccallum is in london covering the coronation. what's the mood over there? she will give us a preview. the 10:00 hour is next. ♪ ♪ ♪ the biggest ideas inspire new ones. .. d the world to invest differently. it still does. what can you do with spy? ♪ ♪ the day you get your clearchoice dental implants makes every day... a "let's dig in" day... mm. ...a "chow down" day...

a "take a big bite" day... a "perfectly delicious" day... - mm. [ chuckles ] - ...a "love my new teeth" day. because your clearchoice day is the day everything is back on the menu. a clearchoice day changes every day. schedule a free consultation. century lithium is advancing their clayton valley project towards production, with the goal of becoming a domestic lithium producer for the growing electric vehicle market. nevada's lithium is the key to america's green future. century lithium

this is btv business television. this week featuring nouveau monde graphite, supplying graphite for evs. osisko development, proven team finds 80 plus million ounces of gold champion iron, decarbonising the steel industry by providing high grade iron ore. talisker, with almost 1.7 million ounces of gold across two assets. discover companies to invest in watch at b-tv.com

>> providing high-grade iron or. almost 1.7 million ounces of gold across two assets. discover companies who invest in.