i can't, you know, thank my parents enough for making sure that this connection is here. one of the things that my mother told me when she was in the hospital, she didn't tell me, actually, she couldn't speak at the time, but she wrote it down... "go see alicia." oh, my goodness. you know, and there was never a time that you were too busy. there was never a time you said i'll call you back, you know. i needed to be there to carry you through, just like, you know, some of my friends carried me through. >> not just about the banks. i mean, companies got lazy with risk management. a lot of companies got greedy and got rewarded for being

greedy. >> i think that bob iger instead of focusing on suing ron desantis and the state of florida, he should be focusing on shareholder and shareholder value. >> the key for republicans is to have an agenda that says here is where we're going to go if you give us four years in the white house. >> the personal issues of hunter biden is not 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 in a massive sprawling international corruption syndicate. >> i'm the governor of oklahoma i'm going to protect our oil & gas industry and we say we're not going to do business with people that don't like us. ♪ ♪ ashley: well that's going to wake you up, "thunderstruck" if

you look at lady lib the it in new york harbor, it's 11 a.m. on the east coast on this monday, may 8. i'm ashley webster in for stuary varney. stuart will be back tomorrow. is he coming back from the coronation? did he get a last minute invite by king charles? we'll find out tomorrow. let's check the markets down slightly. the s&p essentially flat. the dow off 54 points the nasdaq down two-tenths of a percent. let's take a look at big tech if we can. we like to keep track of these names. well a little mixed alphabet and amazon up, well, amazon and alphabet is up 1% but amazon is up slightly but apple and meta and microsoft down ever so slightly. take a look at the 10-year treasury. it was up more than 5 basis points earlier and that's where it's up, up 5.5 basis points. the yield on the 10-year right around 3.5%. all right, next case, warren buffett says it has been an incredible period for the economy, but, it's coming to an end.

that's the bad news. steve forbes joins us this morning. good morning to you, steve. >> good morning. ashley: would you agree with mr. buffett's summation? >> yes, because he's dealing with the real-world including having a real thumb on what's happening in the economy in terms of things that are going on, and so he pointed out that earnings are going to be coming down and he's absolutely right. i'm surprised the market has held up as well as it should, but in the real-world, things are going to be slowing even more, despite the happy talk from the biden white house. ashley: so does that mean a recession? well who knows how the economic theologians will define the economic activity or the lack but yes, a lot of people & companies will feel it. this whole generation of zero doctor rates so clearly now at an end & companies that have been accompanied to having free money, they aren't getting it anymore. that's going to put them in a hard place. banks are going to get more regulation, which will hurt

lending and a lot of countries overseas took on a lot of debt as well including japan, and they are going to be feeling the effect of high interest rates so troubled waters ahead. ashley: with that in mind, does the fed look at cutting before the end of the year? what do you say? >> well the fed is always going to do things too late. they were late and realized the inflation problem. i think they are late in realiz ing the economy is really going into some rough waters going into a slowdown and unfortunately, the federal reserve believes that the way you fight inflation is making people poor, depressing the economy, instead of stabilizing the value of the dollar, which is the definition of inflation. devaluing your currency. but they don't seem to realize that despite a couple thousand years of real-world experience. ashley: despite all the rate hikes, steve, i say inflation is still pretty sticky, which leave s the fed in a awkward position, does it not? >> well, an awkward position

that they created, and the position that they're making worse. depressing an economy is not the way you cure inflation. we should have learned that from the 1970s where we had several recessions. it wasn't until the early 80s when we stabilized relatively the value of the dollar and put in tax cuts and deregulation. got the economy going again, didn't have to worry about high inflation and by golly, things boomedded here and around the world. why they don't go back and see what they did right then, who knows. ashley: [laughter] they did not learn their lesson. i want to get into this issue, steve. recently raising the retirement age in france from 62-64 which sparked massive protests in paris as we know, outrageous. that's now by the way reigniting the debate about the retirement age here in the united states. we know that social security could run out as early as 2034, 11 years from now. should we be making people work

longer? >> instead of trying to save social security by taking away benefits, what they should be concentrating on is more economic growth. those numbers about 2034, 2036 are based on low productivity, low economic growth. you get a booming economy, there's more than enough resources to meet the current needs of those who are on social security. what they should be focusing on is younger people where the system clearly is going to collapse and having them enable to set up younger people with personal retirement accounts with proper restrictions and regulations, so that way you turn a system that now destroys savings and a system that creates savings and capital and also as younger people realizing it's their work that provides for their retirement and that way they can choose their own retirement age. they can have maybe at 60 or perhaps at 70, wait until 90 give the remaining money to their relatives or favorite pet or whatever. put the power back in the hands of people and start with younger people.

it be a good lesson for them realizing their work is creating a thing called capital. ashley: that's exactly right. you make sense, but a lot of the people that make the decisions don't. so, you know, people are living longer, steve. we know that, so would raising the age from 67 to what? 69 maybe? is that reasonable? >> well, again, let's not focus on trying to take things away. focus on getting the growth. we can meet the current obligations, and in terms of the system running out in 2034 i hate to sound like a democrat but you know and i know they are going to continue to pay social security benefits even if it comes out of the general budget. so people are going to get those benefits one way or the other. what they should be looking at is strengthening the economy, and setting up a new system while we still have time for younger people to turn something that's a drain into a positive capital create or which benefits us all.

ashley: i hear you. i hope the decision makers are hearing you and very quickly i want to talk about spending in the debt limit. we're going to come right up to the deadline, are we not? republicans say we'll approve something as long as you cut taxes. you cut spending. we can't just carry on like this , but the democrats are not convinced. we can't spend our way out of this , clearly. >> well clearly, that's the truth, and the truth is that in past ceiling negotiations and in many cases, there were conditions. they just didn't raise the ceiling and say see you again in a year or two. so, the republicans have history on their side. they put forth and the house passed it which strengthened the republican negotiating position, in terms of some sensible things like starting, don't spend the money from those of all of that covid spending if you haven't spent it yet. there's several hundred billion. don't spend it. how about work? so we get to people back in the workforce again, paying taxes again, basic simple things

like that, i think the american people understand it, but we have a challenge of getting that point across because unfortunately the democrats are willing to play very dicey games gas they think it's the only way they win in 2024. ashley: you make way too much sense, steve forbes, but that's why we have you on the show to keep us on the straight and narrow. steve thank you very much. >> appreciate it, thank you. ashley: thank you. appreciate your time. food banks are now seeing a surge in demand. that can't be a good sign. lauren, is this because of inflation? lauren: yeah, it's the double whammy of high prices and also, some 32 million americans saw their food stamp benefits cut when the covid aid expired, so i don't have to tell you this. food prices are up 8.5% in the past year and the impact of that seen on food bank lines. they are literally wrapping around corners and folks calling their local 211 community service to help find food banks that are surging. i looked up numbers. everything kids want is up double-digit. candy, eggs, 36%, lunch meat 10%

, cereal 14%. it's really hard for so many people to go to the food store these days. ashley: yeah, that's not good. all right, lauren, thank you very much. let's get back to these markets now, bring in our good friend jason katz. good morning to you. it appears the fed will take a pause on rate hikes, was just talking about this with steve forbes. what does that do to the market? are we in a wait and see mode? looking for data this week on cpi, ppi, but what does this do to the psyche of the investor? >> well the last rate hike, ash , was the last one and done. the bar has been set very high with respect to raising rates from here, and frankly, at the same time, it's set pretty high in terms of decreasing interest rates, and remember, heading into an election cycle, the democrats can ill-afford to see a severe recession, so the feds hawkish bias has now turned into this neutral policy stance and if you think about it logically, they have to stay

neutral. the debt ceiling is going to add an enormous amount of economic uncertainty and now you have the re-eruption of the banking crisis. that's tightening credit conditions, so the fed is on hold and the market is digesting all of this news and to your point, it's idling ahead of the all-important cpi and ppi that are happening wednesday and thursday. ashley: we're seeing, jason, the regional banks on the upside today. do you expect we can get some stability in that sector now? >> i think so. you're having short seller exhaustion. they stirred the pot. they made a lot of money, and i think there's a realization, especially after buffett's comments over the weekend that most depositors if not all of them, their deposits are going to be money-good. if you're a depositor at a bank, the stock price of that bank going lower, i think at the margin some of those people are moving money out to larger banks , but i think that too has

gotten exhausted. that all being said, the days of having tens of thousands of banks are over in our country. we are going toward the path of europe and australia. i won't say in a hurry but in the next 10-15 years we'll be down to a handful of major money center banks. ashley: that's very interesting indeed. we'll have to leave it right there, jason but thanks for joining us this morning. the regional banks are coming back as you can see. western alliance up 2%, pacwest up nearly 7%. jason thank you very much appreciate it. >> thank you, ash. ashley: let's bring back lauren if we can, thank you. watching the movers let's begin with american airlines up nearly 5%. lauren: they got an upgrade to overweight at jpmorgan. they say that it's going from $14 to $29 a share. they say american is now 60% of its way toward reducing their debt burden, reducing that by $15 billion by the end of 2025. i put coinbase up, the world's

largest crypto exchange binance halted bitcoin withdrawals, not once but twice overnight. they couldn't handle the volume, so a lot of the crypto-related stocks are falling, and falling hard. so is tupperware brands. look, they found more material weakness in their financial reporting, and they also engaged a firm to help it explore strategic alternatives. new all-time low for the stock well under a buck down 20% today , ouch, ashley. ashley: ouch indeed. all right, lauren, thank you very much. now this. artificial intelligence must be regulated. that's the warning from theoretical physicist michio kaku who says chat bots could be tricked into giving people false information. mr. kaku is on the show. a happy days star is the latest celebrity to say goodbye to california. roll it. >> have fun in hollywood, fonz. >> catch you later, blue eyes. >> that'll be the day.

ashley: it's great. actor scott bao says california isn't safe anymore. we're on it, and the pentagon facing major backlash after hiring a drag queen to recruit for the navy. rob o'neill, the navy seal, who killed osama bin laden is furious and he says this makes our military look weak. rob o'neill joins me next. ♪ so, you have diabetes, and your glucose is heading good thing the new dexcom g7

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, white, and blue ♪ ashley: looking at the intrepid museum, in new york city, it's a world war ii aircraft carrier turned into a museum. a lot of folks like to visit that. over the weekend the navy commissioned a new combat ship, the uss cooperstown, of course it's the home of baseball hall of fame and the ship was named to honor the 70 hall of famers who served in our military. its motto is "america's awaitin" great stuff. we told you about drag performer harpe daniels the navy 's new digital ambassador. the navy hopes this will boost recruitment. there are 8,000 people right now just this year, so rob o'neill is with us this morning. rob, is this really going to boost recruitment? what do you say? >> good morning, ashley. great to be with you. this is not going to boost recruitment. it's going to do the opposite because we don't join the military to express ourselves. you join the military, all we

have in common is that we're all afraid that we get our heads shaved and we're part of a team and our job, as in the military is alliance solidarity, forward defense and deterrence and deterrent is a way that you avoid conflict by projecting strength and i'm all freedom. you do what you want behind closed doors but we need to have submarines with nuclear capability, aircraft carriers, men and women who fly jets and the best infantry in the world which is the united states marine corps. it's the whole, what i've been saying lately is our military needs to be ferocious, not fabulous. ashley: [laughter] it's one way of putting it. what's the morale like among those that are serving? its got to be a little, you know , frustrating to say the least. >> it's extremely frustrating because lately, in the past, you know, 10, 15 years, the military has been putting out need less training about command climate and how are your feelings when they should be in the morning get your workout in, go to the range, learn tactics, rehearse them and then go back to the

range. now they are just putting this out especially with the budge the doesn't really matter in the military because they can't even audit themselves but they are wasting money and people aren't joining the military for this and it's frustrating for the men and women who are in there and we've got really good people in there and it's being avoided even to the point where it was brought up at the pentagon. well is this the new recruiting platform and the spokesperson said well we'll have to defer to the navy. let's just deflect it to someone else. there's no answers and it's the chinese espionage platform called tiktok and china is laugh ing at us. ashley: yeah, absolutely. i want to move on to this if we can. the war in ukraine. there are reports that the u.s. and other allies are talking of which are looking at china to help facilitate peace talks between ukraine and russia i mean, what role does china play here? what do you think? >> well china plays a role they are playing everywhere in the world. they are in the middle demonstrating that they are a superpower. they are talking to saudi arabia and iran and they want to get

involved here and they are trying to do it quietly because they don't want to wake people up who are making decisions to see what the long game is that china is playing that we're not playing and china will get involved. you got to figure we're always involved in a conflict or threat of a conflict. just because a war ends doesn't mean the contracts we sign with the big contracts end so we got to find a way to keep making stuff. ashley: we do. i mean, can we trust china? i think the answer to that is obviously no. they have is on taiwan. they have a finger in every pie it feels like around the world. they are a big threat, are they not? >> they are the biggest threat in the world right now, everything from artificial intelligence to physical strength. the good news is speaking of the navy, our navy could take them down, but i don't want to have to prove that but without a deterrent they are going to continue to do whatever they want. we got to maintain strength and we're not doing it the right way because of this ideological sub version that was started by the soviets 40 years ago. ashley: yeah. you know, talking of recruitment

, rob, do you do anything in your power to try and sell the military as a very worthwhile and honorable thing for youngsters out there? >> i'm fortunate that i get to travel around the country and speak to a lot of people and that's what keeps me going because i don't believe these poll that they show us because they are just telling us what they want to hear. i talk to thousands of people personally a week and we have really good young men and women out there that still want to join. i tell them if you can do anything get accepted to the academy and fly something because that's still cool. i don't care who you are. ashley: you're very inspirational rob, thanks for joining us this morning. rob o'neill thank you so much. >> thank you. ashley: take a quick check of the markets if we can on this monday, its all been very muted as we wait for data on inflation later on in the week but as you can see the dow off a quarter percent, the nasdaq down off just slightly same story, on the s&p. nothing too drastic. all right now this. happy days star scott bao

announcing, i'm out of here. he's leaving california. lauren do we know why? lauren: homeless problem. he had enough. he tweeted that after 45 years, he says, "i'm making my way to finally exit stage right" the most recent survey conducted by the los angeles homeless services authority found approximately 69,000 people experiencing homelessness in l.a. county and 41,000 in the city in 2022. he's not alone. matthew mcconaughey, mark wahlberg, keith urban, joe rogan all recently ditching california for all different places, but you know, they take their money with them, and that's not good for the state of california. ashley: yes. lauren: think of hollywood. so many movies are being filmed now in other places where there's tax breaks and more ease for them to conduct business. ashley: that's what you get. you know what? speaking of california, lauren, this is interesting. meghan markle stayed home, we

believe, in santa barbara, instead of going to king charles coronation, but some people have some wild conspiracy about megha n's this weekend, what did she say? lauren: twitter says she snuck in as the composer sir carl jenkins with those aviator glasses. was that meghan markle in disguise? no. ashley: no. lauren: it wasn't. so her husband, prince harry, he was there, and he was treated as the royal outcast. he wore civilian clothing. he sat in the third row, with prince andrew, and then he got the heck out of dodge to go back to california with his wife, where she really was for his son 's 4th birthday so he came, and he left. ashley: he did indeed. is that stuary varney in that disguise? i'm not so sure. we'll have to ask when he gets back tomorrow. all right, lauren, thank you very much. now this. one company wants to pay you to binge watch "fast and furious."

roll it. >> this takes crazy to a whole other level. >> what's the plan? ashley: we're going to tell you how much they are paying just to watch and how you can apply. get ready. first it was the biden administration could be coming after your dishwasher and it might be wasting too much water apparently. steve moore has a lot to say about that, and he's next. ♪

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that's the nature of being the economy. observing investors choose assets to balance risk and reward. with one element securing portfolios, time after time. gold. agile and liquid. a proven protector. an ever-evolving enabler of bold decisions. an asset more relevant than ever before. gold. your strategic advantage. ashley: all right we've just been moving ever so slightly lower on the markets as you can see across-the-board the dow, nasdaq, and s&p down slightly. susan li joins me now, with some of the movers. let's begin with estee lauder, susan. >> that's right activist investor nelson peltz wants to push out the long time ceo fabri zio freda, and explore a sale.

now it had its worst day on record last week after disappointing earnings. it has been really under performing this year, and he has been the ceo for more than 13 years. now, it might want to give disney and bob iger a call for some advice on how to fend off nelson peltz, who targeted disney earlier ending his proxy only after iger announced 7,000 layoffs and restructuring to re ignite the stock price. disney will report earnings this week and netflix also getting a boost from this disney tie today. i also want to check in on cybersecurity stocks some of the best on the nasdaq today you have z-scaler pre-announcing results because they were so strong raising guidance for the year and that's really lifting other cybersecurity so crowdstrike, palo, okta and snowflake getting a boost after an upgrade by stifel worth $185 and the warren buffett berkshire

hathaway's annual meeting taking place this weekend, 50,000 descending on omaha to listen to the oracle and charlie monger in the woodstock of capitalism and berkshire reported strong earnings so listened to all five hours, faster turnaround for geiko, the crown jewel in berkshire's insurance empire and not taking over occidental. they still hold around a quarter of the oil giant but they did say that they sold off some of their bank shares, they still hold a stake, 13% of bank of america, also stakes in bank of new york mellon, citi, and amex and the deposits are safe in u.s. banks. also apple is the best company that they own, and is single largest holding $160 billion plus in apple, and if you bring up the berkshire shares, i'm wondering, ash, i can only afford the b-class shares the $300. maybe you can afford the half a million dollar berkshire a-

shares there. ashley: no, no, no, that is stuary varney level right there but we can only dream. all right, susan, thank you very much, great rundown. the biden administration is proposing new rules may deem your dishwasher a water-waster. steve moore is here. steve, good morning. first it was your gas stove. now it's your dishwasher. when does this all end? >> yeah, ashley, i was just thinking about a strange world we're living in, where it seems like the left wants to legalize drugs and make everything else illegal, have you noticed that? it's a really weird thing, and so you just went down the litany of things. first it was light bulbs, and then of course gas stoves, and don't forget by the way, chuck schumer when we reported this remember on fox business news a few months ago, chuck schumer said oh, there they go again with this conspiracy that they want to get rid of gas stoves and of course, they just announced that in new york last week, and now you have

refrigerators and i think the latest one is you were right , sir, dishwashers. ashley: dishwashers. >> here is the thing about these things. do you remember the flush toilet s when they were going to require these new flush toilets and they said it was going to save all this water? the problem is you had to flush it twice [laughter] so you're not saving any water. it's the exact same thing, ashley, with these dishwashers. this drives my wife and i crazy. these are supposed to be these great modern new dishwashers but you run it through once and the dishes aren't clean, so you have to run it through the cycle twice and it's just idiotic. ashley: right. it is, idiotic, but you know, steve, you actually have a piece related to biden's green regulations. you say he wants to shutdown electric power plants is that right? >> no this is the biggest one of all. this is gigantic story, and basically what happened is that he has come out with these new e

pa regulations that basically will make it impossible for gas fired plants and coal fired plants to meet these mandates. there's no way they can do them with existing technology. now, here is a statistic that i don't know if you're aware of but about 60% of the power that we get , i mean, we wouldn't have this tv show, we wouldn't be able to emit this image if it were not for electric power. 60% of our power in america comes from gas and coal so if you get rid of that, where are we going to get our electricity from and windmills, you take windmills and solar panels are about 8% of our power. we need fossil fuels, we need nuclear power, we need everything and if you want to disrupt the american academy and cause real problems with the economy, and do real injury to it, you takeaway electric power. it's a big issue. ashley: it is a big issue. talking the economy, listen to

treasury secretary janet yellen 's warning about the debt ceiling. listen to this , steve. >> our current projection is that in early june, a day will come when we're unable to pay our bills unless congress raises the debt ceiling, and it's something i strongly urge congress to do. it's widely agreed that financial and economic chaos would ensue. ashley: steve, do you agree with that? economic chaos? >> i would say to the treasury second in all due respect, then get on the phone with chuckie schumer and get a bill through the senate because as you know, ashley, the republicans in the house did their job and got a bill passed that raises the debt ceiling, has very reasonable conditions, and the democrats are complaining about the republicans. they don't have a plan. their plan is basically just raise the debt ceiling, give joe biden an unlimited credit card

so he can spend another $6 trillion. i don't think the american people should go for that and by the way i don't think investors should. i like what was said last week. the debt ceiling issue is about a 30-foot wave but behind it is this 500-foot tsunami wave which is the debt itself. we've got to get this debt under control. i'm holy with mccarthy on this , he is holding all of the cards and we better start getting some negotiations from the biden administration. ashley: we'll have to leave it there, steve, wise words indeed thanks for joining us this morning. >> thank you, ashley. ashley: thank you. this looks like something out of a sci-fi movie. it's a humanoid robot made by open.ai, the chatgpt people. it could one-day build your house or perhaps even steal your job. we'll be on that. meanwhile, the battle is heating up between disney world and florida's governor desantis. the governor just signed a bill

allowing his oversight board to cancel development agreements at the theme park. the fight goes on and a lawyer will give us the state-of-play right after this. ♪

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♪ ashley: marvel's guardians of the galaxy volume 3 premiered this weekend raking in 114 million in the domestic box office. and if tallying that with international numbers the movie totaled a whopping 282.1 million

this is director james gun's final film with marvel studios, 282 million. he will be moving over to competitor d.c. studios as co- ceo. so he's out of here going to the competition. you can now get paid to binge watch the entire fast and furious movie series so okay, lauren, how much do you get paid and is there a catch? lauren: $1,000 and the catch is you have to watch all 20 hours of the fast and furious movies, the franchise. i think it's at nine or 10 and then track the number of car crashes, the number of cars involved in each crash. ashley: great. lauren: and the estimated damage so if you apply and you can do all that the website called " finance buzz" will give you $ 1,000, and the newest fast and furious opens next friday, may 19. no thank you for me. not interested. ashley: they pump them out every other month.

interesting. lauren, thank you very much. now the disney vs. desantis battle is heating up. florida's governor has signed a bill allowing his oversight board to cancel development agreements at disney world. it's kind of confusing, paul huc k is an attorney representing central florida's tourism oversight district. great to have you on the show, paul. what does this new rule from the governor actually do? >> sure, thank you, ashley. so, for about 55 years, disney had the privilege of essentially governing its own city in the middle of florida. it appointed the members of the board of supervisors. they passed a law that disney wanted. they decided how and when to enforce them against disney and the florida legislature decided to change that and bring parity to disney that is shared by any other business in the state of florida and the rest of the country, frankly, and is now

allowed the governor to appoint an independent board of supervisors to oversee that governing body and bring disney into the same position that any other florida business is in. ashley: let me ask you this. disney is suing ron desantis. he's saying that he tried to weaponize government power, in other words retaliate. the judge overseeing the case is mark walker. last year, he called desantis' education law distopian, which begs the question, is this a fair fight in court? >> well, ashley, i can speak first of all about the state court proceeding, the new board has filed in state court and that's down in orlando, and we absolutely expect a fair proceeding in that case for three simple reasons. those development agreements are illegal under florida law. first, the outgoing board and disney failed to follow the required public notice requirements of florida law. second, the outgoing board tried

to give disney a vast amount of its governing authority, also illegal under florida law and finally, for all of the goodies that the old board gave to disney, disney didn't give anything back to the board. also illegal under florida law, so we fully expect a fair proceeding in the state court action that we filed down in orlando and regarding the federal court proceeding, we believe that the federal court will follow clear federal law and abstain or hold back from doing anything in that case while the state court can go ahead and decide the issues of state law, which again are clear and where we believe the court will agree with us that the development agreements are void and unenforceable. ashley: it's fascinating to follow, paul. we're already out of time but thank you so much for taking the time out to bring us up to speed. i'm sure we haven't heard the last on this fight, but thank you so much. >> thank you. ashley: now show me the dow 30 stocks. thank you.

to get a sense of the markets. we've been down slightly since the opening bell and take a look at the 30 stocks on the dow, talking of which disney up there , leading with american express on the downside, we have walgreens boots and home depot. theoretical physicist michio kaku has an urgent warning about the dangers of ai. >> you're just instructed to cobble together existing paragraphs, slice them together and polish it up and then spit it out but is it correct? it doesn't care. it doesn't know. ashley: it doesn't care michio kaku will join me next to talk about the dangers of ai. ♪ asking the right question can greatly impact your future.

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1-800-217-3217. that's 1-800-217-3217. ashley: take a look at this. open.ai and the robotics company have teed up to create this humanoid robot. come in, lauren. that looks, well, pretty creepy. what is it supposed to do?

lauren: mimic you and me, ashley so open.ai focused on large language models and chat bots, steering clear of mechanical ai, robots, right? until now. so, they've teamed up with a company called "figure" founded by brett adcock, who also founded archer aviation, behind the air taxi that we've spoken about many times, and they've now hired almost 50 high profile engineers. so, they decided to make an ai robot, i always thought it be like big and threatening kind of, you know, i'd imagine in a movie but someone slender, who could look like a human, and maneuver in tight spaces, to work with us, maybe replace us in the workplace, so that's what it would apparently look like. they can't work all day. they need a break at five hours. that's when you have to recharge them, ashley, just so you know. i don't know how long the charge lasts. ashley: they don't need a lunch break. we know that but we all need a

recharge though, all right, lauren, thank you very much. our next guest is warning about the dangerous side of artificial intelligence, but says it shouldn't be thrown out the window all together. joining us now is professor of theoretical physics and author of the new book "quantum supremacy" michio kaku. great to have you on the show mi chio. let's begin there. what's the problem with ai? what worries you the most? >> well, let's break it down to the good news and the bad news. the good news is that robots increase productivity. they increase profits. they increase efficiency. they are very fast, and so companies could be making a killing on robots, but there's a downside. you see , these chat bots are like tape recorders. they don't know right from wrong they don't know truth from un truth, and as a consequence they can spit out nonsense, and they can also impersonate things now, imagine what happens if a chat bot impersonates vladimir

putin and declares war on nato. then you're talking about havoc coming out, if a teenage boy tries monkeying around with a chat bot so i think they have to be regulated. now we don't want the politicians to get into this , because they are going to mess everything up, but we want self-regulation. we want fact checking. we want a new class of robots called "quantum robots." quantum computers that can act as a fact checker for digital computers, so that we know the difference between true and false, right and wrong, and still make profits, still increase productivity. ashley: are we on the wrong course? do you think we're developing this technology without really thinking it through, to your point? yes, ai could intimidate someone and lead to world war god forbid but overall, are we running kind

of head-first into this without really thinking about the consequences? >> yes, i think we should think things through. look at freedom of speech. you can not yell fire in a crowded theatre. there are consequences to free speech, so we regulate it, but we don't use the heavy hand of government to shutdown every single theatre. no. we allow theaters to exist but there are ground rules. ground rules that you can't yell "fire" in the middle of a movie and the same thing with artificial intelligence. the benefits are here to stay. let's face it. they aren't going to go away but we can have self-regulation. we can pass laws that are wise, and be able to harness the power of this , and with the next generation of computers, quantum computers, we should be able to do this seamlessly so we're not, we don't have to shutdown what we have today with robots. so robots are not going to go away. they're here to stay, but self-

regulation and fact checking is required. ashley: very good. we'll have to leave it right there. so thank you so much, michio for joining us. i feel a little better. we've just got to make sure we have a handle on how this is developed but thank you so much for joining us. >> my pleasure. ashley: now time for the monday trivia question and it's interesting one. which u.s. president was also a licensed bartender? that's pretty cool, james madison, abraham lincoln, calvin coolidge, or john f. kennedy? the answer, right after this. think about it. . .

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cashback like a pro with chase freedom unlimited. how do you cashback? chase. make more of what's yours. ♪. ashley: all right. here we go. earlier asked the question which u.s. president was a licensed bartender. what do you say, lauren? lauren: i don't know, calvin coolidge? do you know this, ashley? ashley: that is a good one. i don't. james madison sore sam sad dams. turns out he was not a president. joan adams. you know what the answer is? abraham lincoln was a bartender before becoming president in 1861. part owner of a general store barry and lincoln which also had a liquor license. now you know. we're out of time. "coast to coast". ♪