>> i would i see a docking fee coming. >> for sure. maria: that's true, great point. well, its been a great show. thank you so much, leo, kelly, and liz peek let's wrap it up and look at markets here ahead of a major week. we've got the cpi index and the ppi, so inflation data will likely be one of the factors for markets but probably the biggest factor of all is tomorrow's meeting with congressional leadership and the president on raising the debt ceiling. the dow industrials now up 87, nasdaq is down 22, and the s&p 500 higher by 6.5 don't forget wednesday, james comer has a major press conference and on thursday, title 42 going away. we'll cover it all, all week, as interest rates go higher right now. the 10 year up 5.5 basis points at 3.489%. have a great day. "varney" & company picks it up now. ashley webster in for stu. ashley take it away. ashley: good morning, maria, thank you very much. yes indeed i'm ashley webster in

today for stuary varney. it is not a good start to the week for president biden, however. a new set of polls shows dismal numbers as he kicks off his re-election campaign. only 36% of people approve of biden's performance. 63% of adults do not think mr. biden has the mental sharpness it takes to serve as president. of course, we will get into all of that over the next three hours. we are now three days away from title 42 being lifted, just as the border crisis is at a breaking point. border patrol made 55,000 apprehensions last week alone. what a mess. let's take a look at the markets generally positive. the dow and s&p moving higher, modestly so. the nasdaq slightly down, as treasury rates or those bond rates are moving slightly higher take a look at bitcoin, falling below $28,000 this morning. reports of congestion and the bitcoin network over the weekend, not a major move

down but as you can see , under 28,000. the biden white house meantime is taking aim at your ovens we know that. air conditioners now they want to control how much water and power you use in your dishwasher s. you can't make it up. warren buffett compares the creation of artificial intelligence to anatomic bomb. yikes. we'll ask famed theoretical physicist about that and as always we've got a big lineup for you governor of oklahoma will be here, kt mcfarland, robokneel, and steve more and many many more. it is monday, may 8, 2,023. "varney" & company about to begin. ♪

ashley: it is monday morning as you take a look down sixth avenue in midtown manhattan, not too frantic this morning but it is monday. a blah day but let's get it going and get right to it. a new poll shows 68% of voters say president biden is too old for another term as president. beyond that, only 36% of people approve of biden's performance. yikes. these are not good numbers as you can see , charlie hurt is here. charlie, great to see you. >> good to see you, ash. ashley: biden just launched his re-election campaign. i was going to say seems like he's hitting the ground crawling a little bit when you look at those polls. >> yeah, i think that's a good description of how he's doing right now, but i think the real problem here, obviously these are dismal approval numbers and there are real questions, not just among the people around him , but across the country about his age, and his ability to just sort of carry on a

normal conversation but i think the real devastating thing out of this poll has, that has people really freaking out is the fact that the poll also shows that donald trump in a head to head matchup, donald trump would beat joe biden by seven points, and if your only purpose in politics, according to the people that are around him, the democrat party, and much of washington, is that you are to keep the orange man out of washington, then you have, and it appears polling shows that you are failing at that, things get really really, you know, they start getting real, and i think that there's some real conversations going on right now in the democratic party about okay, what do we do here? if you can't do the one thing we need him to do, what do we do? and i think it's going to be an interesting couple of months. ashley: and i don't see any change and we'll have to wait and see. it's a long way to go but the whole basement strategy, we

could say okay, it was covid the last time around. he didn't want to go to the big rallies but what's he going to do this time around because he's got to get out of the basement, right? >> that's a great point. the covid thing is obviously, it won't be the excuse he can use, but then i think from their perspective, they also kind of look at the fact that as an incumbent, in the white house, you have all the trap pings of power and a lot of ways it makes the basement strategy easier because you can hunker down in the basement of the white house and never leave. the problem is, as you point out , there's no reason for doing this , and by doing this , you look even more dilutional and more detached from reality, and but i wouldn't be surprised if they don't try to in some way sort of cling to covid or whatever in order to try that strategy again, because they don't, they no one thing. when he goes out there and tries to interact with people, in any sort of unexpected environment,

it always turns badly for them. it turns from a crawl to a flop. ashley: [laughter] it's a liability that's for sure all right let's get into this issue, charlie. president biden, a question about the probe into hunter. he says his son has done nothing wrong. listen to this. >> there is something personal that's affecting you. your son, while there's no ties to you, could be charged by your department of justice. how will that impact your presidency? >> first of all my sons done nothing wrong. i trust him. i have faith in him, and it impacts my presidency by making me feel proud of him. >> [laughter] ashley: well i don't know proud, but you know what else is a father going to say, charlie, but to that fact, i mean, how long can he continue to see nothing to see here, move along. are people starting to say wait a minute, something doesn't smell right. >> this is the advantage of being dilutional about everything is that you can just sort of keep this going, and he

will say absolutely anything. you know, setting aside what a ridiculous interview that was, it gives a new name to softball interview. she was boosterring him the entire time, but that aside, it's kind of interesting. the fact that joe biden is so intent on focusing on the personal crimes of his son and defending his son amid the personal problems that his son has, it's almost a way of sort of distracting from the larger point. that's not the problem. the personal issues of hunter biden is not the problem. its never been the problem. the problem with hunter biden is that he apparently was part of helping run a much-larger scheme involving the president of the united states and at times the vice president of the united states, in a massive sprawling international corruption syndicate and that's the problem , and so i do think it's kind of interesting to listen to the way joe biden says all of that. he's desperately trying to

defend his son against the personal stuff when that's not at all what people are concerned about. what people are concerned about is the chief executive of the country has sold out to foreign governments in what appear to be strange bribery schemes, so i think that that's kind of telling. ashley: yeah, it really is and quickly, do you think the bidens will be held accountable? so far they have managed to skate by but it feels like especially with the release of some bank account information, that possibly could be coming up maybe that time of getting away with it, may be up. >> interestingly i think the worse he does polling-wise especially against donald trump, the more likely even democrats decide to turn on him and he will end up at least being exposed. ashley: we shall see. charlie hurt great stuff as always. >> thank you. ashley: thanks for joining us on this monday morning. great to see you. we do have a big week ahead for

the markets. good morning, lauren simonetti. take us through what's on deck this week. lauren: tomorrow the president and the top four congressional leaders will hold debt ceiling talks. what concessions if any could be made. earnings slow down but highlights include disney on wednesday along with bp, roblox and robinhood and all these other names you see throughout the week. the latest cpi, consumer inflation data, that comes as well. it's expected to rise on the annual basis by 5.5% and on friday we get import and export prices and the university of michigan consumer sentiment index, which i think has taken on more meaning in the past couple of months, because the fed looks at that to see how we gauge the economy and what we think inflation will do in the months ahead. ashley: absolutely right. so, lots to look for this week. lauren, thank you. let's bring in our good friend jeff sica. what a great monday this is. jeff, i had to read this twice, you've been a disney shareholder

for 30 years. they report their earnings this week, but now, low and behold, you are having doubts about the company. i mean, are you thinking of giving up disney stock? what's going on? first of all ashley, i want to thank you for not referring to me as a permabear, but the one stock that i have to say i wish i was a permabear on is disney. i've owned it for over 30 years. it was the first stock i ever bought when i had some money to buy stock, and i've held on to it. i've been a big cheerleader for the stock, i'm a comic book fanatic, i'm a marvel fanatic and i was rooting for the ever- incompetent bob chapek to be fired. i was a big advocate of bob iger , but keep in mind, afterly, the last five years, for disney have been dismal. the stock is flat. this is during a time that the

s&p 500 is up 56% but disney is flat. not only are they flat, but the last five years they've incurred, they have 20% more shares on the market. they have incurred a huge amount of debt, yet, they've grown their streaming platform, they are one of the most iconic brand s and they have potential but i think that bob iger, instead of focusing on suing ron desantis and the state of florida, he should be focusing on shareholder value, because someone like me selling is indicative of how fed up i am with this company. ashley: i never thought i'd see the day but i want to move on, jeff. the mtv music and tv awards, they weren't live this year. i think they were pre-taped because of the writer strike. you are our hollywood guy. what's the latest on the strike and what's your take? >> well here is the thing.

the writer's guild, they have a beef. they have a problem and their problem is that the writers out there, they're striking for the first time in 15 years, and the reason why is they are not getting the residuals that they deserve. they are not participating in streaming the way they deserve, and they're very concerned about chatgpt and artificial intelligence replacing them, so i'm going to advocate of the writers. i stand in solidarity with the writers. they needed to strike, because they are not being treated well enough by hollywood. they needed to strike and they need to prevail in order to make this career of being a writer in hollywood a future for them as opposed to what it is now which is the studios are thriv ing and they're starving. ashley: yeah, and we don't want

ai taking over. jeff sica, great stuff, jeff. thank you very much. moving on. coming up, title 42 as we know ends this week, thursday, but dh s secretary alejandro mayorkas not worried about the expected surge of migrants. roll tape. >> we've been preparing for this for quite sometime. we tried to end title 42 repeatedly and we're stopped from doing so by the courts so we are prepared. ashley: prepared is not a word i would use but we shall see. meantime first it was the gas stove. now the administration coming after your dishwasher. we'll have the details, the remarkable details and then kevin stit is on a crusade against pbs, blaming clifford, the big red dog, for funding cuts and we'll explain it all because he's going to be here, next. how to get to sesame street ♪

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ashley: now this. oklahoma is banning 13 banks from doing business in the state after a review found that those institutions engaged in woke energy boycotts. interesting. kevin stit, the governor of oklahoma joins us this morning. governor, good morning to you. this ban impacts major institutions like blackrock, wells fargo, jpmorgan. is this a little bit like cutting off your nose despite your face? does this hurt the state at all? give me your thinking. >> oh, not at all. i mean, it's real, real simple.

just don't boycott oil & gas. that's all we're trying to say. we're going to review this list every 90 days and i'm the governor of oklahoma. i'm going to protect our oil & gas industry. i'm going to protect the approach in our state, and then our pension fund. some of these investment houses are using our pension funds to push their political agenda. we're simply not going to let that happen in the state of oklahoma. ashley: what's the reaction been , governor, and have any of these institutions contacted you , you know, personally to plead their case? >> absolutely, yeah. we actually have several of them are scheduling meetings to fly in and talk to us. our treasurer is doing a great job. we did a deep dive looking at all these institutions and we're simply saying, stop boycotting the oil & gas industry. that's all we're saying as soon as you guys get online there, we'll be happy as a state to do business with you, and again,

this doesn't keep them from doing business in the state of oklahoma. just as a state, a state government, we say we're not going to do business with people that don't like us. i mean it's that simple. ashley: right. well, i want to get on to this issue then, governor. you vetoed funding for your state's pbs programming and accusing pbs of indoctrinating kids. make your case. >> well, first off, big picture here is why are we using taxpayer dollars to fund a public television station? it's an outdated system. 14 other states don't fund public television. if the programming wants to go on nbc or cbs or fox, they will pick that up but as a state , i'm going to protect the tax dollars, so that's first and foremost. secondly, some of the programming doesn't line up with oklahoma values, and why are we using taxpayer dollars to overly sexualize or indoctrinate children with this type of program? i'm not going to do it as long

as i'm governor and i think oklahoma is overwhelmingly supports me on that. ashley: have you received pushback? what kind of response have you had? >> well, i mean, some folks from the left, of course they want us to fund all of their, you know, social programs or whatever their political agenda is, but these are taxpayer dollars. whose looking out for the taxpayer? i'm just so tired of everybody saying oh, well let's fund this special program or let's do this , or let's do that. somebody has to say no. these are taxpayer dollars. let's educate kids. let's not indoctrinate them and spend those dollars in education not propping up some television station that competes, i mean, you've got so much social media and you've got so much streaming and you've got so much access to media. we don't need to fund a public television station in 2023. ashley: you've made your case. governor stitt of oklahoma.

terrific stuff, governor thank you very much for joining us this morning. we do appreciate it. all right talking of woke, now this. actor richard dreyfus slamming hollywood over their new woke rules. what did he say, lauren? lauren: the " what about bob" star, said the inclusion elements for a best picture oscar, make him sick. >> what do you think of these new inclusion standards for films? >> they make me vomit because this is an artform. it's also a form of commerce, and it makes money, but it's an art, and no one should be telling me, as an artist, that i have to give into the latest, most current idea of what morality is. lauren: but you're going to have to cave if you want to win the

best picture award so movies produced this year will need to include certain numbers of under represented groups in their main roles, supporting roles and behind the scenes to be considered for an oscar next year, when the rules go into effect, ashley. ashley: wow. he didn't hold back did he? lauren: not at all. ashley: next one for you. interesting, the star of happy days, scott bao ditching california. why is he leaving the golden state behind? lauren: too many homeless on the streets. he tweeted after 45 years i'm making my way to exit stage right from california. the most recent survey conducted found approximately 69,000 people experiencing homelessness in l.a. county and 41,000 in the city in 2022. he joins matthew mcconaughey, mark wahlberg, keith urban, joe rogan who all recently ditched california and when they leave, ashley, their tax dollars leave too. ashley: yes. and some big tax dollars. all right, lauren, thank you

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yeah, like me. thanks, bro. take a lap, rookie. real mature. ashley: all right, let's take a look at the markets and bring in keith fitz-gerald this morning. keith, good morning to you. we know earnings are starting to wind-down. more attention perhaps on data. does that mean volatility goes up? >> yes, it does, ashley, because all of a sudden, it goes from the numbers to speculation about the numbers. we've got the ppi, cpi, four fed officials on deck. we've got yellen talking about the debt ceiling. we've got all kinds of stuff that could rule the markets and that's where investors need to take a deep breath and focus on what matters to them. ashley: we're going to have a lot more talk about the debt ceiling. does that get added to the uncertainty? >> oh, no question in my mind, it's a huge disservice to this country. it's a disservice to millions of investors but unfortunately

that's what politicians seem to do best. ashley: they do, indeed, or worse, whatever your point of view is. i want to talk about palontier. you love this stock. i'm not sure what this company does. i think it's a big data analytic s company, but beyond that i don't know, but you like it. >> i do. this is one of those stocks that i think investors are going to kick themselves in the rear end years from now, if they don't swoop in now and buy shares. its been around for 20 years. it makes the engine and drives big data so much of the development we're seeing today with regard to health, military intelligence, semi- autonomous vehicles, many things are coming from the manipulation of huge data streams. that's what this company does and it allows investors and clients to make connections between data that they otherwise couldn't do. i think it's totally under valued. ashley: thank you. i understand it better now. keith, we've talked to jeff sica earlier about disney. he's kind of fed up with the direction the company is

taking. what's your view on disney? we have earnings this week, like it or not? >> thanks for asking that was a favorite of mine for a long time and then the company started making decisions, and they tried to anger no one but angered everybody, including me. it got off my list, but if they can start to come back, if they can start to get realigned i'm interested. ashley: interesting. so with the volatility ahead quickly, keith, difficult market to navigate. the fear of missing out is still prevalent, but there's also a little bit of a run to safety. is there not? >> there is, and that's a very important point, because if you think about run-to-safety it's not the conservative stuff. it's the big names. it's the apple and microsoft of the world. >> [opening bell ringing] >> those are attracting the money and that's where you want to be as an investor. ashley: great stuff, keith. thank you for joining us. we are off and running and they are smiling and clapping and there goes the confetti monday morning off and running on may 8

let's take a look at the big board, just getting underway. the dow up about 63 points, talking of disney, up leading the way followed by caterpillar and chevron on the other end, apple, intel and verizon, on the downside, but we are just starting the day. haven't even brought a breath yet. let's take a look at the s&p also up about a tenth of a percent, up 41.40 let's take a look at the nasdaq, which has been the only one on the negative and that too we'll call it essentially flat, down .06%. let's take a look at the big tech numbers which we like to do they are all moving lower but slightly lower. meta is down almost 1%, but alphabet down just about two- tenths of a percent, all just down very slightly. all right, marvel's third guardians of galaxy film kicked off this summer blockbuster season to the question, susan li , good morning to you, is how much did they make in the opening weekend? >> yeah, $114 million opening weekend, sounds pretty good to

you and me but actually that was below estimates and less than what the second installment of guardians of the galaxy made which might suggest to the market that marvel's super hero might be in fatigue, so $282 million globally, and the analysis i saw suggests that marvel sequals have been under performing if you look at what happened with antman last month and also of course the previous ones in the falltime. now, the box office with super mario and that billion dollar success is actually way ahead of last year so you're looking at 25% more ticket sales this year, and that is good news for theatre operators like amc. the reason that amc is down that's an individual story, because amc just reached a deal over the weekend to settle that shareholder lawsuit over the ap e stock conversion and the reverse stock split, but amc is actually up 44% so far this year. it's down by one-third over the past year so keep that in mind. ashley: that's very true. all right we've got to talk

about the regional banks have been a big story as we know. they are rebounding after the sell-off last week, some nice gains today. what's going on? >> yeah, so pacwest leading the recovery after reassuring the markets that its business is sound. they are cutting their dividend down to just a penny a share from a $0.25 payout, trying to preserve cash. makes sense in this type of environment. now pacwest down by 75% so far this year, but they, along with other regional lenders, have said there has been no panic, no flight after the first republic jpmorgan sale over last weekend after they saw silicon valley bank svb, so you have to pay attention when they say things are stabilizing not getting worse. ashley: that's right. all right let's go on to this. the oracle of omaha better known as warren buffett always makes waves in the markets when he talks. what about some of these recent trades? >> yeah, 50,000 descending on

the annual berkshire hathaway meeting over the weekend, i watched all five hours, because you have to wonder with 99 years old and warren buffett at 92 years old how many more years do you get to see them both together like this , and look, they said they were not looking to take over oil giant occidental which is actually moving occidental stock today so they already own around 23% and they have an option to take 50% of the oil major, and it was the best-performing stock in the s&p 500 last year, doubling in 2022 that was up 100%-plus and buffett has 10 billion and warrants to buy another 5 billion but right now they are holding fire. another big holding in fact his biggest is apple, which they own $130 billion in, and buffett said it is better than any stock or company they own, and he wishes he could own apple outright. i think you need a ton of cash to do that. now as i mentioned to you, he already owns around 6% plus in

the world's biggest company and he says he's not selling. as for banking we just talked about those regional bank stocks warren buffett owns shares in a lot of big lenders including bank of america, and i think there is some confidence coming from the oracle when he says he feels that his money is safe in u.s. deposits. ashley: that's good news. you know, charlie monger makes joe biden look like a spring chicken, and that's not easy to do. >> 99 and still so brilliant. ashley: god bless him, keep going. tesla getting a boost this morning, is this all because of the price hikes? >> yes, so well here is the thing is that remember they cut prices around six times already this year, so they are hiking prices again. i think it's the second time in 2023 here in the u.s. also hiking prices in china and japan , and they are actually raising the prices on their two best selling models which are the model 3 and model y, and those two account for almost 80% to 90% of their deliveries and

their sales after cutting prices six times to start this year. that's because elon musk and tesla want to drive demand and some would even say they try to kill off their electric car competitors, like the ford and gm, lucid and rivian. now model 3 will start again those starting prices are now back above $40,000. with those price cuts it was the first time in years we saw model 3 below $40,000 but have to pay a little bit more. model y starts at $47,000 but still that's roughly 20% cheaper than the prices that you got last year, so if you had waited maybe you could get those tax rebate and a cheaper price tag. ashley: yeah, still pretty decent when you consider the market overall. let's take a look at the airlines. whose bullish on american airlines, susan? >> look at the rally today we're seeing in american, big upgrade from jpmorgan. they are calling it a $29 stock and calling it under valued along with the rest of the big three airlines and that's on the revenge travel that you're

seeing. i really wanted to talk about the cybersecurity companies to be honest because z-scaler actually did really well. ashley: go for it very quickly. >> you mentioned palantier there with keith fitz-gerald, snowflake got an upgrade by stifel, but z- scaler is rallying the crowdstrikes and those names , look at it up around 20% because they put in slightly better numbers than guidance. ashley: now i know why you wanted to talk about it. nice rally. >> yeah. ashley: susan, who likes snowflake? >> that's a stifel upgrade there to 185 for snowflake and you know -- ashley: that's the one you just mentioned. >> stu always makes me explain what snowflake does which is a cloud warehouser and in this era of big data you have to store all of the data locked up in the cloud. ashley: and he rolled his eyes. >> of course. ashley: susan li, great rundown, thank you very much. coming up, joe biden bucking the

blame for his bad polling numbers. roll tape. >> sentiment in this country despite all these wins is not very good. >> all i've heard is negative news for three years. everything is negative. i'm not being critical of the press, but you turn on the television the only way you'll get a hit is if there's something negative. ashley: but as joe concha points out in his new op-ed where has the president been? maybe that's why his polling is so low. he will be here to take that on. new research shows that talking on the phone even for a short period of time can raise the risk of high blood pressure. a major cause of heart attacks and strokes. you know what? i need a doctor on that and guess what dr. marc siegel will be here right after this. ♪

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♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspiesdifferently. it still does. what can you do with spy? ♪ ♪

♪ ♪ ashley: well, the script says you're looking at a shot of michigan, there you go, matchbox 20. it is 49 degrees there, so a little chilly on may 8 but it's michigan, so it's not that unusual. let's take a look at the markets we've been slightly higher on the dow and the s&p and slightly lower on the nasdaq, but all very muted. there you can see the dow and the s&p just slightly higher, the nasdaq just slightly lower. all sorts of, well, we've got the data this week that we'll tell you about producer price index, the consumer price index, and i think a little bit of wait and see in the market today. all right, now, there's a trend going around on social media on how to deal with anxiety and panic attacks, and lauren?

what's sour candy got to do with this? lauren: if it were that easy so sour or spicy flavors temporarily distract the brain and could actually put off a panic attack. mental health experts mostly agree, there is truth to this tiktok trend, and it's certainly a coping tool that can be effective as a band aid, so if you're feeling anxious and you want to distract yourself pop a sour patch kid, i don't know, it could work, but we do know that it's like an anxious nation right now especially among young people. ashley: that's true. i wonder if sour patch began that tiktok, anyway, i digress, you know? all right, lauren, thank you. now this , novo nordisc is working on a new diabetes pill and it will be similar to the popular weight loss drug or oz empic, that kind of stuff.

good time to bring in dr. marc siegel. doctor, good morning to you. it looks like a lot of these companies are trying to capitalize on this weight loss drug trend. what do you make of it? >> well, actually, one of them, comes from lilly but the rest of it is from novo nordisc and it's up almost five points this morning with this news and it's not a coincidence. let me tell you what's going on. they make two type of pills. it's called semaglutide, but using it for diabetes and weight loss. the doses they use for weight loss are higher than the doses they use for diabetes, ashley. wagovi is a higher dose and ozempic is for diabetes and it's a lower dose but celebrityies and ed: else started using it for weight loss and what you're talking about is a pill. the pill rubelsis is already on the market but approved for diabetes so now, novo

nordisc had a really bright idea, using a higher dose of the pill, study it and see how it does against weight loss. they have a clinical trial going called otto oasis, and it's out in june and if it shows significant weight loss they are promoting the pill and it's a lot easier for people to take a pill. for sure the pill works against diabetes. does it work against weight loss the higher dose almost definitely will so it's an expanding market of drugs to lower weight in people that may or may not need it. that's the key here. it overcomes insulin resistance. it causes the body to make more insulin. it works metabolically but is it overkill or is it needed? that's the question. ashley: well, so many people have been looking for that magic pill when it comes to weight loss. maybe this is it, but i want to move on, doc, and talk about this new study that shows spending as little as 30 minutes a week talking on your

cell phone increases the risk of developing high blood pressure so, doctor, should we be avoiding making calls or is this a study nothing to worry about? >> well, i certainly hope that you'll take my calls, ash, but as far as this is concerned, this is a classic example. this is a classic example, stuart, i hope will take my calls, this a classic example of what's wrong with certain kinds of research. this is coming out of china, south in medical university, and they looked at 200,000 people in the united kingdom in your home country. how did they get access to that, 200,000 people were looked at in the united kingdom and it was discovered that 30 minute the or more of cell phone use per week correlated with high blood pressure. here is the catch. what else were these people doing? what kind of lifestyle lead to that cell phone use? was it the radiation from the cell phone or is it because people didn't exercise or because they got angry on that cell phone, or anxious on that cell phone? i think that it's a lifestyle issue.

i think it's a wakeup call that overuse of iphones and half an hour a week, are you kidding me? how about a half an hour every hour [laughter] that's where most use is. ashley: i was going to say -- do you actually have to be talking on it or is it just scrolling through the screen on your phone? that's the other issue too. >> exactly. it was scrolling through your screen, it didn't have to do with being held to your ear only but i am telling you it's picking out something that's related but it is not the exact thing. you put that cell phone next to your ear or you start texting, if there's a problem with your blood pressure it's because of what somebody is texting you. that's why with you, ashley, i only send you the kindest, most gentle texts. ashley: you do and it's always appreciated. doc siegel, thank you so much for joining us this morning and for those kind texts. let's move on. snapchat rolled out its my.ai

feature a few months ago but the chat bot is sparking a new health concern. what's going on lauren? lauren: yeah, it's a paid feature. it was just released in february you can ask the chat bot questions and some are actually asking it for mental health advice. doctors do not recommend this , but users say that it's actually working, until you realize oh, the person making me feel better is actually a computer. one person wrote, using my.ai, because i'm lonely and don't want to bother real people. i think this is a sign of the times, right? everyone seems to be depressed and younger people are on their phones, and reliant on technology, even replacing human beings more than they ever have been. ashley: yeah, it's a slippery slope. all right, lauren, thank you very much. and staying on ai, famed theoretical physicist michio kaku has a stark warning about the dangerous side of artificial intelligence. he's going to be here and i'm

going to ask him what concerns him the most? the department of transportation wants airlines to pay you if your flight is canceled or delayed. lydia hu has that report, right after this. ♪

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ashley: the biden white house is set to propose a new rule that would require airlines to compensate passengers for major delays or cancellations. all right lydia hu joins us now to take us through this proposal lidia? reporter: hey, there, ashley. this is pretty big news because this planned rule will require airlines to pay travelers cash when an airline is responsible for a delay or cancellation, that's beyond a refund for any ticket price. now, secretary pete buttigieg said in a statement, "when an airline causes a flight cancellation or delay passengers should not foot the bill." now according to officials here, no airline currently offers cash compensation when an airline

causes that delay or cancellation. it would also, this new rule, would mandate coverage for expenses like incidentals, hotels, meals and rebooking fees exactly what will be qualified as an airline' responsibility for causing that delay or cancellation is to be determined and will be part of the rulemaking process so that's unclear, but probably things like staffing issues or maintenance problems. now, ashley, this rule follows months of finger pointing between the federal government and airlines in the wake of thousands of flight disruptions since last year. most recently you remember the holiday travel terror that was sparked by the weather in southwest meltdown. we also had the issue with grounding of aircraft last year, amid the faa's meltdown of the notices to air messaging outage there, but it seems already, ashley, that some in the airline industry are raising questions on how this rule will improve flights and on time

flights, in a statement to reuters airlines for america, that's a trade association, representing delta, united, american, and others, they said airlines, "have no incentive to delay or cancel a flight and do everything in their control to ensure flights depart and arrive on time" but safety is always a top priority. just last week, united airlines ceo talked about the need to focus on improving infrastructure. watch this. >> the biggest issue that we have in america is broader infrastructure but specifically, in air travel, air traffic control systems. we have the most outdated and i would say obsolete system in almost the entire world. reporter: now this proposed rulemaking no clear timeline on when to expect this but the process takes months, ashley , so don't expect any cash for a delayed flight anytime soon. ashley: i bond hold my breath but interesting, lidia, thank you very much. still ahead, kt mcfarland, joe

concha, rob o'neill and michio kaku. the 10 a.m. hour of "varney" & company is next. ♪ ♪ . .

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