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♪ stuart: i get the music, okay. lauren: the lion king. stuart: i just can't wait to be king from the lion king. yes, it is. coronation is tomorrow. 11:00 eastern on the east coast, friday, may 5th, cinco de-mayo and a live look at buckingham palace ahead of the coronation and more on that at the moment. i want to talk about the rally. the dough is up -- dow up 440 and nasdaq up 205. big tech, this tell as story. top of that list is apple. look at it go. apple is up nearly 4.6% moving the whole market hire and we have a very favorable jobs report this morning and momentum for the whole market and dow is up 445. 10 year treasury yield and that is significantly below 3.5%. kind of good news for the

nasdaq. 3.44% on the 10 year. that's the market on the day before coronation day. now this, with the coronation just a i did away. as you -- day away. with a british accent, i frequently am asked how i feel about the monarchy. first of all, don't fix what ain't broke. monarchy in britain works. king or queen delivers continuity and politicians come and go but the hon archiis always there. that's comfortable to the britts and brings at least a feeling of stability. then the pomp and ceremony. very hard for americans to understand. what's with that guilded coronation carriage? the golden garmin meants? what's -- garments. what's with the order of the garter. see it all at the coronation. if you're going to have a monarchy, it had better look like a monarchy. crowns and palaces. they're a must. even though i've lived in

america for almost half a century, apart of me wants to be there to be apart of it. one thing americans will find strange during the crowning ceremony. charles anointed with holy boil by the arch bishop of canterbur reigns leading. that's the official joining of church and state. we don't do that here but over there for 500 years the monarchy was the head of the church of england and i understand that because i'm an episcopalian and may not like charles and think it's a waste of money or not like queen camilla. our family bought a tv in 1953 for the coronation and i'll be watching tomorrow feeling proud of my heritage holding my american passport. third hour of varney starts right now. ♪

stuart: we have martha maccallum, the lady from london right outside of buckingham palace. what are you seeing so far, martha? >> first of all, i loved your take, stuart, and it reminded me that in 1953, tv sales spiked dramatically all over the united statessed kingdom. testifies one of the things pointed to for what the monarchy can do to boost the economy; right, because that's one of the arguments they have. there's a lot of economic distress here as you well know. it's even worse really than it is in the united states in a number of ways. inflation is higher, wages are lower, there's a lot of questions about this whole ceremony and about the monarchy and how valuable they are. i can tell you it's probably giving the economy a boost and quite busy around here and not at level of jubilee or funeral. but there's a lot of excitement on the streets.

it's a triumphant day for queen consort to be camilla. think about the rocky road and drama along the way, these two are very tight and she will be at his side for the rest of their lives as he takes on the role of king. she'll be sitting on the throne next to him, stuart. stuart: yes, she .s harry and meghan, are they overshadowing the event or forced on to the sidelines and forgotten about? >> i would say they're not overshadowing the event. her decision to not come is something that was welcomed by a lot of people here because, you know, there's a feeling that she kind of -- that the attention goes to her because there's so much drama around the two of them. it's interesting that the past couple of times harry has been back to the uk, he's come alone. he came alone for part of a court proceeding and wonder if maybe he decided helicopters easier to travel -- it's easier

to travel alone to his home country. our understanding is he landed today and is staying at a private estate at a friend's estate and going for the ceremony tomorrow and will not be in the front row and leave before the big event on the balcony behind me because he will not be included in that. there's a lot of very bad blood in this family because none of them have laid eyes on him since he released the book spare and a lot thought he'd release his family from spare and now he push liberalled it and has to be face-to-face with them. stuart: i get the impression you like royal events. you're into it as they say, aren't you? >> you know what, i like history, stuart, and it's one of those sort of important institutions in the western world; right. i mean, you look at the paposy and royal family and the history going all the way back to henry

iiiv and he built all the buildings all over the world that people came to see and it's a stabilizing factor and it's an interesting thing and i like the world war ii and i'm a history buff and that's part of the draw of covering the stories and we all feel like everything it reinvolves around our moment in time but it's part of a thousand year continuum that is interesting to get it going. stuart: i'll miss it a little, martha. >> come with us. stuart: we'll be watching you on the story at 3:00 p.m. eastern this afternoon and you'll be broadcasting from london with all the latest. great stuff, martha. i do envy you being over there. >> good to see you, stuart. stuart: see ya, martha. that man on the right hand side of the screen is jonathan

hoenig. by the way, jonathan, i'm wear ago coronation tie sent to me by one of our market watchers who's got pictures of buckingham pal lance and rampant li lions and crowns and all that stuff. thank you very much, david. jonathan, you're not much of a royalist, are you? >> not really, stuart. i'm more into bangers and mash than harry and meghan. i wish them all the best and glad to live in good old us of a and following the markets and a pretty huge rally and look at banks, stuart, pacific west, p acw and it's up 60% and down 40% in the last month. i'm happy to see green on the screen but it's more of a relief rally than really a change in the major trends in the market. stuart: apple is the most profitable company in the world and turned in a good report and is apple leading the market because it's up a whopping 4.7%

today. >> yeah, but it's almost like what we used to say about gm, stuart, as apple goes, so goes the market. maybe even so goes the country and what's been so interesting at least during march or april, big cap tech ask a safe haven trade, facebook, meta, apple, a lot of big cap tech names they look extraordinarily safe and strong. i don't think you fight that tape right now. i wish i could say the same thing about bank stocks or preferred stocks and safe havens but don't fight the tape on apple or big tech prices go higher here. most look at stock or asset at all time high and it's at the all time high and you eluded to

and think of being the high is a high and markets move in trends that persist over time and they continue and 2001-2011 or 12, i own gold and my clients own gold at capitalist big.com and bigger markets look supportive of that and silver is at 52-week high and banks aren't out of the woods yet. owning gold is part of a portfolio and not the highest yet. stuart: lauren is back and looking at movers and starting with carvana. lauren: 31% and expect to achieve positive adjusted earnings for this quarter and not bad for a stock on death watch. lauren: it's cost cutting and profitability and up goes the stock. and these comments from piper

resinated. for now carvana appears on track to avoid the doomsday scenario that so many have been predicting. stuart: tesla, where is it? lauren: up by 4.6% and more options coming from a new paint color and every car on the road, tesla is blue or white? all the same. midnight cherry is coming. that's another revenue stream so is software enabled features like autonomous driving and why am i talking about all this and elon musk focused on cutting prices to gain market share and more options that customers will pay for that will bring in revenue. lauren: they raised for higher prize pent up demand for affluent customers. they're up with that forecast from royal caribbean.

stuart: thanks, lauren. one university eliminated the word women from menopause and maternity guides. they say menopause can be experienced by people regardless of gender. okay. we will report. billionaire tech investor peter teal thinks ron desantis would make a "terrific president but has one big critique and we'll tell you what that is". pierce morgan gets in a heated debate and lost it when the black lives matter activist called the monarchy a symbol of white supremacy. that's next. ♪

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stuart: the royal family shared these photos of the horses that will pull king charles in the guilded coronation coronation tomorrow. all have unique names. i'll tell you. icon, shadow, milford haven, newark, echo, nights bridge, tyrone, and meg. we're going to go -- taking you to buckingham palace and greg install #-d himself outside of the palace. set the scene. are people lining up already, greg? reporter: stuart, absolutely. this is a day that a lot of

people have been waiting for maybe as long as 70 years. working the room today at buckingham palace behind us, a group british commonwealth government officials, king charles iii and prince williams and princess kate. he's been doing it for years assisting his mother late queen elizabeth for all this time. the king and queen rolled up with a huge church and tomorrow's coronation ceremony held for one last run through. it's supposed to be slimmed down and modernized for 291st century but the event is filled ritual and reigns leading galea for a thousand years. the will and kate pressed the le and a good contingent of american royal fans waiting for days and got what they came for. a glimpse of the rendition of

anthony gal spleno-- regal splendor americans gave up. the u.s. first lady, dr. jill biden greened by sunak's wife, president biden had begged off attending in a call earlier to king charles. in fact no standing president has ever shown up at a coronation but there will be a whole bunch of heads of state and foreign governments attending and no shortage of the big wigs, stuart. stuart, no sighting yet of prince harry. he is attending without wife meghan. maybe without some of the drama that the couple's been stirring up over the last couple of months and years. 'won't be playing a formal role but he will be there for his dad. stu. stuart: so we hear. okay. greg at buckingham palace of all places. thanks, greg. that house suits you in the background. let's move on. the palace also confirm that had

prince harry will attend the coronation but he'll not play any role in the ceremony. got that. royal watcher hillary ford with us. there's an explosive new report in the spectator and i'm sure you've seen it claiming queen elizabeth called me meghan marke evil and said their courtship was a complete disaster. >> lovely to be back with you, stuart. that word she'd never ever used and i've known people for many years that worked with her for her and have known her and none of them ever heard her use that word. that's not the sort of word she'd use. however, i do not question the reporter for the spectator because the sen sentiment is absolutely right. recollections may vary has to a certain word but the sentment from what -- sentiment that everybody was saying is that was the absolute sentiment and it's what she squandered and high hopes and like everything else in life. one's expectations and the

experience built up so much and that was what was the problem. stuart: she chucked it all away. >> i >> exactly, squandered. stuart: any chance of reconciliation between harry and father or brother? >> completely different situations there because king charles is known to have a very, very soft warm heart, especially with hiss sons and we all know his parents we'll take from our children what siblings won't take from each other. like any other family in that regard. i also think don't forget williams' got the long game in his favor. prince harry doesn't whereas king charles doesn't have time on his side. i think you will always see an opening from king charles but not from prince william. stuart: vs. interesting. next. listen to an exchange between the black lives matter and the royals and slavery. >> the monarchy is a symbol of white supremacy. >> he's done more for racism than any public figure in the country.

>> every queen and queen from elizabeth the first to charles the iv profited off of racism. and slaves. >> i haven't finished my point. >> you can't make outlandish statements about the royal family and not expect me to jump in. stuart: quite right, pierce, don't make outlandish statements because you're there. what do you say? >> this is my question to her, number one, why does she stay in england. number two, where are the immigrants crossing over in small boats across the channel they could die and folks are so desperate getting into a country that are racist and/or them to profit on the on ash i can. stuart: do the britts care about this and watch love actually and most popular christmas movies and still is both sides of atlantic and england. they don't see it that way and don't see that sentiment in the

uk and when i cover that wedding, stuart, people were 10-15 deep in windsor cheering her and there wasn't a whisper of anything racist whatsoever. stuart: and she chucked it all away. >> she did. smashing to be here. stuart: yes, ma'am. another university gone woke. this one is in britain. ashley. where is it happening and what happened? ashley: the university of arts london removed the word women in menopause and said maternity leave applies to all genders. the school has 18,000 students says that menopause may be experienced by colleagues that don't identify as female. the school goes onto say that not all pregnant people are women. i can't believe i'm saying this. politicians as you can imagine have wei weighed in blasting the university for not knowing basic biology calling it pathetic

wokeness and others say the school has become so pickled in wokeness it's becoming a bit of a joke. that's the latest from the university of arts in london, stu. stuart: rolling mayos and moving on. peter teal, very rich guy says the governor ovflorida would be a great president but he's got one problem with his messaging, what's that? >> he's urging desantis to focus more on economic inequality and less on issues like gender identity and race. the billionaire investor tells berry w wise, the podcast i wory focusing on the woke issue as ground zero is not enough. the focus on identity politics on woke religion is probably a distraction from stagnation and economics. now teal who has a net worth estimated above $8 billion is a republican megadonor. he has said he has no plans to donate to candidates running for office in 2024 because of his

frustration over the republican party's preoccupation with culture war issues. stuart: a bipartisan group of senators wants to ban all youngsters under the age of 13 from using social media. those senators are parents that are fed up with what their children are seeing online. we'll cover it. elon musk says san francisco feels more apocalyptic. he says it feels post apocalyptic and blames the democrats for letting crime spiral out of control and destroy businesses. steve hilton responds to all of that, next. ♪

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susan: try running traffic at 8:00 a.m. this morning. difficult still on a friday morning. stuart: last week we told you the subway would no longer tweet service alerts. got it. couldn't afford to pay twitter's new fees. they dropped the fees for governments and publicly-owned services and now the subway is back to tweeting. view san, i want to talk about apple. susan: i want to see you on the l train in manhattan one day. stuart: i have a couple bodyguards. lauren: apple eight month highs for the company and apple reporting only third back-to-back sales drop in a decade and they're gunning for another sales drop this springtime, but apple sold a lot more iphones than expected to start the year, which helped buffer the slow down in max and i pads.

and the ceo said the strength in the market and recapture of losses in china so they're buying more iphones there on the reopening. india mentioned 20 times on the earnings call and i had to ask about the shifting of production there and tim cook kind of punted saying i would remind everybody that our supply chain is global and we're investing all around the world. we make products everywhere. there are components built in the u.s. and in other countries and we assemble products in several different countries and we'll continue optimizing the supply chain and invest all over. another topic i had to touch on is artificial intelligence, ai. tim cook said we're deeply and thoughtfully looking at ai. we of course use it today in all of our products but it's a potentially exciting time for ai

and bet we're focused on it and bullish on ai because i think it can help high manty if done right. wall street loved the results and 11 price target hikes up to 199 and morgan stanley is the most listened to apple analyst house and calling 185 for the stock. $166 billion in total cash, $166 billion, that's more than 80% of the worth s&p 500 companies. they have a lot of money on hand. stuart: that's an understatement but a good one. thanks, susan. a bill in the senate that would ban all children under 13 from using social media. that's a big deal for you. steve hilton is here. steve, i'm sure you approve of that. you want to ban social networks

for youngsters, why? >> look, you have parents across the world in total despair at the fact that their children are becoming increasingly addicted to their screens and it's not just social media, it's also all the other things they can access from their smart phones including violent pornography, which is being viewed by children earlier and earler age. tech and, if any, companies say we have parental control, it's meaningless and they're tech savvy and the data. it is very clear that since the smart phone arrived in our society and children started getting them, it's a massive increase in the mental health problems of our children and it's suicides going up, anxiety going up, you see it in the increasing use of medicalization

of the phones and parents in december pyre and they all say the same thing, which i don't want my kids to have these things, but everyone else has them and i don't want to make my kid feel like they're the only one out -- odd one out who doesn't have it. that's why actually we need some kind of control here. some kind of parental control. my concern about this bill is it doesn't go far enough and not just social media. the problem is the smart phone. the fact that kids can access the internet on their own un-supervised at earlier and earlier age. totally unacceptable and don't let them smoke at age 8 or columbia at age 9 or have sex at age 10. why do we let them do this? stuart: you're on a roll and hate to interrupt and move the subject lightly away from this. california's population is declined for the third year in a row. lost 138,000 people last year but does this counting include

the number of illegals that have arrived recently? >> i think this is about the actual -- no, i don't think it does and they prefer not to do this. you have a situation where the governor of california at every level, the governor, state legislature, democrats in control, and all the major cities and the counties are implementing a far left extremist agenda that is driving people away. but at the same time welcoming people who actually are what they see and latino vo voters ae increasingly fete up and voting republican. stuart: people leaving especially the big cities in california and san francisco for one. elon musk says san francisco fears post apocalyptic and to me san francisco has become the poster child for decline of

american cities and i got to tell you, steve, i don't see them coming back. >> for california and america and the world. you were talking to susan about artificial intelligence. there's an interesting thing happen and the ai boom centered on san francisco and lesser silicon valley south of the city and one glimmer of hope is people are moving back into the city because of ai. i think more broadly what we need to do is stop this far left extremism and have pro business, pro bernards healthcare prize policy that restore california to what it always should have been, which is the place people want to go to. not where they want to run away from. the place you go to start a business, to grow a business. to develop the ideas that will shape the future. that's what we need to get back to in california.

stuart: now the coronation, part of me is still english despite having lived in america for 50 years and become ago american citizen. part of me is still english and i'm interested in the coronation, and i will be watching avidly. how about you? >> well, i think my version of that, stuart, is that i still love a nice cup of tea as you would say in england. i brought that tradition over with me and i'm a tea drinker still. i've never been a monarchist. i absolutely loved and respected the queen, and i admire now king charles. he did incredible work with the prince's trust. incredible organization that's helped millions of new enterprises get set up over the years for inner city youth and disadvantaged youth. he's done a great job and i'll be wishing the best. not getting up as early as i'll have to in california given the time difference but look, it's

an important institution and the britts despite not being as excited as they may have been about some other royals, they're supporting king charles and i wish him and the royal family the best. stuart: okay, we'll be watching you on the next revolution comes up on sunday night at 9:00 p.m. eastern only on fox news. i'll give you a call early tomorrow morning if you'd like, steven. i can get you to watch. >> thanks a lot. stuart: you'll love it. >> stuart varney wakeup call. stuart: lots of people get it. vivek ramaswamy said he's poured eight figures into his campaign and his wealth can help him compete. we're on it. embracing for chaos as title 42 is lifted next week and there's a backlog of 2 million immigration cases and some judges coming out of retirement to help with the influx of new cases. that's next.

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stuart: question know that vivek ramaswamy is running for president. ashley, come in. do we know how much he's spending on his campaign? ashley: well, the multimillionaire said he poured eight figures, which is a minimum of $10 million of his own money into his campaign and said there's no limit to what he'll continue to unvest in his white house run. according to forbes, ramaswamy is worth roughly around $600 million but along with his own money, he says nearly 30,000 unique donors have contributed

to his campaign in just the first ten weeks. a good grass roots campaign if you'd like. healthcare and tech sector entrepreneur is emphasizing his -- posing as outsider and tick up and the first big catalyst for his campaign will come in august at first gop presidential primary debate that's being hosted by fox news in milwaukee, wisconsin. he's starting to gain just a tiny bit of traction. stu. stuart: he .s ash i thankers very much. title 42 ends next week. a new surge of migrants can confidently expected. david spont is with us. is there a backlog of immigration judges and court action that immigration judges some of them have had to come out of retirement? >> that's right, stu. one is back on the bench after

being retired to help. there's about 2.1 million cases right now in the gab backlog yeo be heard and about a backlog of 5-7 years according to to some immigration experts before people get before a judge. the reason out of those 2.1 million cases, there are about 6300 immigrationals in the country spread all the way from miami to los angeles and in between. we're talking about cases from 200 countries around the globe, not only border crossings but the end of title 42 next week spells a disaster for immigration courts and the immigration judges fall under the department of justice in washington where i am and depend on doj to make more judges and doj hired 104 judges in fiscal year 2022. the total is now 634 give or take maybe a judge or two. more judges are supposed to be hired and brought up to speed as soon as possible. i spoke to a retired judge who

late last year predicted chaos would ensue when title 42 is lifted next week. listen. >> they're overworked and possibly even suffering post-traumatic stress. stuart: that's groan half a million. >> i spoke to multiple immigration judges former over the past year and a half curious if the united states can handle the influx and the fact that someone has just come out of retirement to help with this growing problem shows you right there they need judges and they need them quickly. stu. stuart: well said. david spunt, well said indeed. the dow 30. the market looks like this overall. it looks pretty good. 28 of the dow 30 are up, two that will be boeing and intel are down. the dow itself is up 380

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♪ stuart: my mic was not open so you did not hearmy me sing. time for friday feedback. lauren, susan, ashley, here we go. at this particular time show you this photo sent to us by dwight. shows his wife mary with their family and neighbors at a street party celebrating queen elizabeth's coronation in 1953. this is in manchester. i watched the 1953 coronation on a black and white tv set. my parents bought it first on the street and we watched it happen all those years ago. thanks for the photo. that was good. john sends this, you mentioned on the show that you dream of being a billionaire. if you were, what one thing

would you buy that you can't afford to buy now and why? ashley, you're first. ashley: you know, i've been doing a bit of flying and traveling and would love to buy a private jet. susan: i would love a private island in hawaii like larry ellison. one small island. stuart: lauren. lauren: a bag i have my eye on that i want. stuart: a bag? lauren: a work bag. yeah, it's a huge price tag. it's okay, stu will give me money for christmas. stuart: this is from joe. ai. remember that when computers took off in the 60s and 70s, they said tepeds of thousands of jobs would be lost. we gained tens of thousands of jobs. susan, this is for you. what do you think, will it create more jobs than destroy? susan: both. i think it's a great augmentor if you work in healthcare and education and if you're in se some of the manual jobs, yes, i

have concerns. stuart: that was a good answer. you're a diplomat. sam writes this, are there any quintessential british foods that you and ashley miss that are hard to find in the u.s.? i'll start that one, hp source and wheatabix. i love them both and they're not hard to find. get them anywhere. ash. ashley: scotch eggs, mar mite, branson pickles, bait well tarts. you name it, i logano them all and miss it. stuart: pickled eggs and walnuts are on the bar counter sipping your pint. delicious. lauren: i haven't heard of any of those except pickled eggs. stuart: you're in america. matt, the producers are speaking in your ear or selecting certain music, et cetera. put them on camera for just a minute. i would love to see what these people look like. okay, there you go. they're all there. now they will not turn around.

they won't turn around and have their face on tv. they're a great group of youngsters and work very, very hard and great at what they do. mark, does it get under your skin when guess refer to you through varney and mr. stuart. does for me.

lauren: doing odd ball stocks here and there is the best part. susan: not in certain companies of guaranteed profit and earnings and tech companies like earning seasons. >> you plays odds based on the research and work you co. stuart: celebrating what's happening in england and a very classy tie. keep up the good work. that's very nice. this is a coronation tie. bought in end last by our guest david and picked it up in westminster abbey and sent to me. susan: i can see westminster in there now. stuart: i'm going to keep it and wear it some time. susan: first coronation in our lifetimes. i'm so excited.

stuart: not my lifetime. second for me, pal. thanks to everyone that sent in their friday feedback. i know the answer. how old was queen elizabeth ii when she was cornated? 25, 27, 29 or 31? i know it. back after this. ... erest. that's why it's gotta be a cfp®.

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stuart: here was the question. how old was queen elizabeth when she was coronated?

lauren? lauren: it's number one, 25 years old. stuart: ashley? ashley: it's 25. lauren is right. stuart: it is absolutely, guaranteed it's 25. >> are we right? >> [applause] >> are you kidding me? lauren: i thought it was 25. stuart: let me explain. ashley: when she found out. stuart: she was 27, but 25 when her father king george passed away. lauren: trick question. stuart: june 2 i think it was or june 3. lauren: june 2, 1953. stuart: thanks, everybody. it was a great week. we enjoyed it all. last look at buckingham palace before the big event tomorrow. watch it on fox. "coast to coast" starts, wait for it. now! ♪