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stuart: i get it. walk away, kelly clarkson as and walking away from reporters at the press conference. they are stretching a bit but not bad. 10:00 eastern, your money please. the dow has turned positive, 28 points, the nasdaq is down 40, mixed picture, not much price movement, the 10 year treasury yield coming in 3.5%. bitcoin, where were we last time 27 and change, 20,000 -- 27,600, a brief look at the markets. even the establishment media can see what is going on with this president. he's hiding. the editorial board of the washington post says biden no longer does press conferences. that's not acceptable.

monday afternoon the president addressed the assembled media and proposed a new rule forcing airlines to pay passengers for flight delays. vouchers at the center of a presidential statement in a time of war and chaos at the border. what he has done, he ignored reporters's shouted questions. he sent his press secretary to repeat nonsense about immigration. the new york post was banned from the press room because the reporter asked questions about hunter. his handlers are keeping him from the media because he can't handle unscripted questions putting them out there showing his age and decline, not good for his reelection campaign, not good for america's image and bad news is about to break on hunter and the border. he's looking terrible on both, last thing he wants is questions from reporters angered at being shut out.

the washington post concludes as he runs for a second term he should ber to show he can handle all aspects of the job. but he cannot handle all aspects of the job. we don't have a vigorous upfront president, don't see how he could run much less serve a second term, surely it is only a matter of time before senior democrats have a chat with the president and tell him it is time to go. second hour of varney getting started. ♪ stuart: brian is sitting next to me in new york. i'm out on a limb to some degree. senior democrats have to get a hold of the president and say it's time to go. brian: the way it will break, don't disagree with you that

he's not vigorous but democrats love what this president does. progressives love it. he's an empty vessel, the most effective progressive tool they have ever seen. they don't want to get rid of that. they don't want him to say anything. he's abiding by their terms. stuart: the one thing you don't do is lose. brian: you assume this op-ed by the washington post means the media will hold him into account, good luck with that. as soon as you get a challenger, they will line up in his corner, let him do the basement strategy, progressives love it and will run his campaign. i wish you were right, some integrity on the left, we don't have that and we will get biden for president. stuart: i want you to stay for the entire hour. you can disagree with me and still stay.

senate minority leader mitch mcconnell, not confident republicans to take back the majority of the senate in 2024. what is he saying? >> the map is favorable for republicans. they are favoring 11 senate seats versus 23 for democrats, the gop leader mitch mcconnell, this is what he told cnn, quote, we have the possibility of screwing this up and that gets back to candidate recruitment. i think we lost georgia, arizona and new hampshire because we didn't have competitive candidates. referring to 2022 and republicans did lose a seat with democrats in the majority. mcconnell with intervention, directly in primaries, named what he is targeting. montana, west virginia, ohio, and pennsylvania. the others aren't out but these four he's targeting right away. stuart: the weak performance in

2022 was all about trump. jim jordan wants to crackdown on google after they failed to comply with the censorship investigation. what does he want to do? lauren: he is chair of the house judiciary. information from tech giants, not just google about their communications with the white house, he wants to know did you work together to censor free speech. only one that didn't fully comply with the subpoena. google produced 4000 pages much of them redacted. by may 27th, if this committee does not receive that he's threatening enforcement which could hold alphabet in contempt among other things. stuart: the stock is up, any threat to google that stock would not be acting as it did. back to the markets, alphabet

top of the list, 82%. scott shellady. i want to talk commercial real estate woes, you are telling me they are a big problem. is that right? >> reporter: big problem for regional banks, 10 billion to one hundred billion. as you go up the chain, real estate loans become less part of the portfolio. looking at the regional banks they could be 40 to 45% of their portfolio and that's not good considering where the rates have gone, 13 short months these commercial real estate loans coming due have to be upped. there's going to be a problem and a lot of times people lose patience with the idea the market will do something when there is bad news but there's issue that has to drop, something has to give. you have to have patience and know what it does when it does happen.

there's not a lot of good news. the basement biden strategy but have to be the only strategy because i do my own show every day all week long and it's hard to find good news. you go from the regional banks to the border to big-city crime, fossil fuel, what does it leave? stuart: i am with you. where is the good news? you've got all the bad news all over the place, crises and the presidt says nothing, simply addresses airline meal vouchers. last word to you. >> exactly right. here's the psychology. when everybody sees what you and i see it is a drip drip drip slow torture of negativity and you can't find it anywhere to go to feel good about where the economy is going. slowly but surely you get worn

down by market expectations, seeing the market selloff a little bit and bonds do this over here. i can't take it anymore i'm going to buy the stock market. it's not going like i thought it would. that ends up being the time the market does go down. haven't gotten to that. people are expecting a break in the market. it is probably not happening, then marks it off. stuart: 15-the second pop quiz. who said nabobs of negativity? i'm shocked you do not know. the youngsters on the set, do you know? spiro agnew, vice president richard nixon. i remember it well. natural nabobs of negativity. i'm surprised to have it show up a little bit. >> alliteration. alliteration. stuart: thank you very much indeed.

stuart: i want to start with spotif dagen:. i know the story. thomas. lauren: tens of thousands of ai generated songs, they are suspected, created by and i but also using ai streaming. that is bad for the industry. spotif emacs reports that. you -- stuart: you thought i didn't know anything about spotifwhy. nova fax is up 45%. lauren: cutting jobs by 25% and they unveiled fresh data on their shot for covid and influenza but a nice rally today, shares down 90% the last 52 weeks. stuart: that is quite a comeback. under armour.

lauren: they are blaming high prices. consumers are priced out. under armour coming in and cutting prices on sales and promotions in margins, that is why they are down 4.5. stuart: we've talked about tip kiosks. at checkout counters. what's this about shoppers self checkout kiosks. lauren: usually you get that screen in the business and putting your credit card and it says how you want a tip. sometimes you are in your in the airport and make contact with nobody and get a bottle of water and go to pay for it and $6, it says a 20% tip. who wants to leave a 20% tip.

the business is saving money to use technology and not employing the person to check you out, not paying workers more because they rely on you giving a 20% tip all the time. stuart: when is it legitimate? >> the hospitality industry. >> when you great personal service but not if someone turns the screen around. stuart: it' s an ineffective form of income register. in. none of those folks are low-paid workers. lauren: i felt bad for people who were showing up to work, wanted to tip them as much as possible. now it is lingering with us, more and more industries. not every buddy gets 20% tip. >> they put in front of you and the numbers are prescribed, what are you going to do? we highlighted it for you. all these social cues and you've got to say no thank you, sign my name.

stuart: coming up, steve cortez worked as an advisor for donald trump's 2016-19 campaigns and has a big announcement for 2,024. seive will join us in the 11:00 hour. the administer she wants to block americans were investing in chinese companies that deal with ai. grady trimble tells us about the restrictions the white house is considering. governor ron desantis is banning chinese citizens from buying any land in the sunshine state. florida congressman mike waltz takes that on. ♪ ♪

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stuart: he had ministration is considering restrictions on us investments in chinese firms dealing with artificial intelligence. grady trimble with us. what restrictions are we talking about? >> the white house is mulling a rule that would block us companies from investing in artificial intelligence - artificial intelligence development in countries like china. think of how the us has reviewed investments from foreign countries into the united states. this would be the reverse of that. the proposal would regulate the flow of money for ai investments from the us to certain adversary countries. the biden administer she wants to make sure we are not funding technology that could support

china's military and human rights violations. at the same time chinese president xi seems to be full speed ahead on artificial intelligence, it's regulation and development. xi has been pushing for the use of ai to compete on the world stage. his comments come as lawmakers in congress grapple with how to regulate ai without stifling innovation. >> we don't want to do what we did with social media and say we will figure out regulations a decade later and still done nothing. we are racing to get a change if there is a policy framework and it is smart and not something productive. >> reporter: for better or worse china is ahead in terms of putting up guardrails to regulate artificial intelligence but it's not just beijing that has a head start, the european union has pretty

concrete proposals in congress mostly talking about and discussing ai regulation. stuart: are you in favor of stopping all american money. going into chinese ai developing. >> i don't see why we shouldn't consider doing with ai as well. it's the basis for warfare in the next century. we ought to get ahead of that with adversarial countries. i would rather cs move on this first the regulated at home first which i want us advantage in ai cultivated here, don't send it to china. we when it will take forever to get any regulation in place in america. >> reporter: i don't trust these guys can regulate it but they can keep it out of the hands of chinese firms who are forced to give it to the chinese government. blue one step in now.

>> and bill that here. stuart: governor of florida ron desantis i' m legislation that bans chinese citizens from buying land in florida unless they are us citizens. watch this. >> legislation as be 264 would prohibit the purchase of farmland in florida by the ccp and other foreign countries of concern because protecting our food supply is a security issue and we want to make sure our agriculture man does not compromise ccp influence. be one that is restricted to farmland. chinese nationals cannot purchase american farmland in florida. congressman mike waltz joins us, republican from the republican state of florida. this sounds a little draconian, no chinese national to purchase farmland in florida? >> it makes sense.

american people think it makes sense. i want to give kudos to fellow green beret state senator jake collins who led the charge on this. it is not just chinese nationals but russians, cubans, venezuelans, irradiance, syrian this, adversarial countries buying up key elements of our food supply and the legislation also prevents them from buying land within ten miles of sensitive military installations and cripple infrastructure. it has gone on too long. i'm looking to mirror that legislation nationally because we know the chinese have been deliberately doing it, able to stop it outside a key space force base in north dakota but we have 350,000 acres we know of that the chinese communist party, we need to ban them.

stuart: you met recently with some leaders overseas, prime minister benjamin netanyahu, king abdulla of jordan. and leader of egypt. with all those meetings can uss what is our standing in the middle east these days? >> it was a key theme from everyone that they believe the united states is backing out of the middle east, we are not as strong as we once were and it started with afghanistan and that debacle. that was one point. the other point is iran, with nukes, with anything else because it's an irrational aggressive extreme regime and on the good news front, i do believe that he believes that there is a deal to be had with

the saudis in expanding the abraham accords. of that happened that would be a game changer. not only with the saudi's bring other countries with them it would provide a ball work against iran and it could unlock opening with the palestinians to begin settling that issue. mixed bag, some dire news but possibilities. if this administration would think bold enough and get in and lead towards middle east peace. stuart: thank you for joining us. two disparate subjects but you covered them all. thank you. disney just changed their federal lawsuit against governor desantis, we will tell you what they added to their case. there is this. the british got an extra day off to celebrate the coronation of king charles. they are back at work today and

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stuart: one hour into the trading session, a little reading, the dow is down 6 points, nasdaq down 60, half a percentage point. we are starting with paypal which is moving down. lauren: they cut their margins but if you look at their report card for the quarter it was pretty good, earnings rose, revenue rose, payment volume rose topping expectations but the margins being pinned, that is worrying investors and maybe it's too much. stuart: 11%. %. concentration in the mattress business. lauren: the mattress bandit manufacturer agreeing for billion dollars, celie up 8%. we won amalgamation mattresses up. the world attendance.

lauren: a decline in attendance so their loss widened but revenue at a record high because they are able to charge more. stock is up because revenue is strong, guests spending more per person. when fewer people are going, not sure that an issue. stuart: back to the coronation, a couple days ago. sometimes, the british are back at work today following the coronation. nile, are the brits happy with their new king? >> happy to be on the show. just got back from london. i have to say the coronation celebrations were absolutely hugely impressive on saturday and sunday and large numbers of people taking to the streets. the british people rallying

around king charles in a major way. i think the british public has warmed to charles. he wasn't the most popular figure in the past but i do think he's been embraced by the vast majority of the bridge people. the king is settling in to his role. the monarchy has a bright future. i think the royal family is in great shape. the monarchy is in great shape and it will be with us for many decades if not centuries to come. stuart: a very bold forecast. rolling stone magazine not happy with the performance of american artists at the coronation concert. monarchists fever dreams but katy perry saying at the concert in her closing song was fireworks.

that song is about july 4th. do you know that? >> yes, quite ironic. but the winter concert was outstanding. you've got many great performers including lionel richie, some of the biggest figures on the world stage performing and it was very british in style, quintessentially british. stuart: adele wasn't there and who else wasn't there? elton john wasn't there. adele. they are all brits and weren't there. >> you had take that, one of the biggest british bands of the last couple decades. also on the us side, tom cruise, and immensely popular figure in the united kingdom and a big admirer of the royal family.

all sorts of big names appearing there and this was a very good concert for britain. it had a huge audience on television and the overall coronation ceremony services, celebrations, were incredibly well done. this was britain at its very best. the scale of the crowds you saw were vast. you could barely move despite the terrible weather which is expected. stuart: thanks for joining us which hope to see you again soon. new diva element in disney's fight with florida governor desantis. ashley: empire strikes back yet again. disney firing at ron desantis saying of the florida governor

is weapon icing the power of government to punish private business. the company is challenging recent attempts to avoid previous developers agreement and another effort that would give the state increased oversight over safety inspections for roller coasters and model royal -- monorail at disney world. disney said these recently passed laws are specifically targeting the company for retribution for the company's attribution that opposition to the parental rights education bill. governor desantis saying his allies have no apparent intent to moderate their retaliatory campaign anytime soon and it goes on. meantime there are changes coming to disney world, ditching its reservation requirements for it date-based tickets beginning january of next year reversing the pandemic policy where guests purchased a ticket and had to

select a reservation date. now a ticket for specific day. stuart: even high prices they are filling these parks. thanks, back to you later. would you pay your family to go to disney? brian: wouldn't pay them. we went there last summer. i thought it was one of the most inconvenient experiences. my wife is getting up at 6 a.m. to purchase lightning passes. it was such a pain in the neck, you couldn't get a meal plan. felt like all the things that are supposed to make an easy vacation experience weren't there. it is a hassle to go to disney world, supposed to be magical. it's not magical when you get up before sunrise to book your spot in line on it's a small world after all.

some parents say snapchat's ai chat bot is giving children inappropriate and creepy responses. kelly o'grady has that story coming up. a renowned medical journal suggests separating medical students by race. what is the medical advantage? guaranteed we are all over that one as we are.

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stuart: here's the headline for you. i am a doctor and my black parents saw me break free of segregation at medical schools are bringing it back. doctor marilyn singleton wrote that and joins me now. seems to me segregation is coming back but is being pushed by white liberals. is that accurate? >> i think you are absolutely right and it is disgusting

having lived through the years of being forced to live in certain neighborhoods, my parents going to wall black colleges, my father to black medical school, to be integrated and out there, free to talk and communicate and to see the schools making a policy for students to be segregated into little groups so they can discuss their issues. discuss them with your friends but don't have this be part of the medical school curriculum. stuart: does make the practice of medicine better? >> absolutely not. all i could do when i read this was think back to early on when i was an intern and the fellow who was some biker with tattoos all over him, i treated him and he said you are the best doctor west of the mississippi. he didn't care what color i

was, i didn't care what color he was. i just wanted to make him better and that is what doctors are supposed to be doing, treating patients like individuals. stuart: individuals, not groupthink. change the subject slightly. we've got a city councilwoman in denver who proposed a tax on white owned businesses. she wants to them to pay reparations. >> it was built on stolen land, stolen labor and stolen resources. you could be collecting those extra taxes from white businesses all over the city and redistribute income to black and brown owned businesses. stuart: what is your reaction, tax white owned businesses and give them to black-owned businesses. >> if you were trying to start a race war this is the way to do it. these are people who had

nothing to do with slavery, nothing to do with killing indigenous peoples and you are going to tax their business and give it to black people? worse that it makes black and brown people look like they are stupid to be able to run a business on their own. let them run their own business. they don't need to steal money from white people. stuart: there is one thing we want on this program and that is clarity and you supplied it today. come and see us again soon. anytime you want to be clear on anything, come to us. student loan payments scheduled to resume next month. do we have any idea how many people will stop paying up again. stuart: not the exact number but it is in the very -- millions. we do know it will be a big squeeze.

a significant number of older people still carrying debt from their college years and loans to help them help their children pay for school. the largest chunk of federal student loans. that's $336 billion belong to borrowers age 35 to 49. also the fastest growing demographic of student debt is people over 50. payments will resume no later than august 29th depending when the supreme court hands down its decision on biden's forgiveness program. a public school costs an average of $20,500 a year for tuition room and board while a private nonprofit costs $52,590. it doubled since the 1970s. those loans became harder and harder as budgets become more squeezed.

stuart: how many loans have to be repaid, mortgages, student loans. >> that's how capitalism works and it's not fair to ask taxpayers to not get repaid for the loans they paid people, many taxpayers haven't gone to college. k jp from the podium said when talking about the debt ceiling you've got to pay your loans, talk about mortgages, car loans, curiously, you got to pay them all. stuart: thanks very much. snapchat's artificial intelligence chat bot raising alarms. parents sent inappropriate messages on drugs and alcohol, pretending to be teenagers. take me through this. how does it work? >> reporter: you open it up and this ai bought pops up. you can converse with it.

many holiday parent's worst nightmare. it reportedly shared info and how to conceal drug and alcohol usage. it's called my ai power by chat gpt made to look very friendly and like chat gpt you can answer questions, converse with users, it's available to 750 million monthly active users globally but concentrated among 59% of us teens use snap and the regular ai concerns, now teen users are starting to turn to it for mental health resources. education can be good but we consulted medical professionals and major concern is the rampant misinformation or even misdiagnosis. >> unless that is a phenomenon, any kind of ai tends to be limited, for human beings. >> reporter: imagine your team receiving guidance from something that doesn't behavior

look like a text, but something they consider their friend suggesting a diagnosis. mental health issues can be exacerbated by constant interaction through a screen. >> the wartime someone is engaging with artificial intelligence the last time they are engaging in personal interactions and mental health issues. lauren: this is doctor google taken to the next level and that is the concern about potentially dangerous faces like social media and ai. stuart: thanks very much. almost out of time. more varney after this. ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪

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stuart: it is pretty good investment to me, the three month treasury bill which is 5.2%, as for the overall markets, the stock market, looking at the dow, 40 points, the dow industrials down 60 for the nasdaq, not that big a deal. the standout stock of the day, 150 max jets that stretch production of their max jets, powerful contract they've got going, boeing is a dow stock up $201 a share. 10:50 one eastern time, time

for brian kilmeade to miraculously appear. title 42 gone in two days, the white house blames republicans for the expected migrant surge. here we go again. do you think it is legit for americans to use the word invasion? >> absolutely is. it is not a hostile invasion except for the gotaways and people you don't see which is 2 million. you see the back of the heads. here we go, there is one, probably missed another, we have roughly 6 million people that don't belong. we have one. 4 million on the books without the gotaways, the last year of donald trump he found an accessible, so do i, 434,000, whose policy is at the border, who is president of the united states, what year are we in and who do you think has power in the senate to stop it? four extra vote in the house about to vote on a plan and you know where they stand.

you couldn't get a democrat to go to the border to have a committee meeting let alone do something at the border. you have a governor of arizona saying something . henryc cuellar, does things f his community. i ask your viewers and listeners, do not purchase when someone says cumber hint of immigration reform, no one brought it up. you have the senate, the house, you weren't looking to do what you did, what you did on guns, you put it out and didn't say a word about it, didn't sell it, didn't talk to anyone or have a press conference about it. you put out a totally insufficient immigration reform where everyone gets legalized, you said republicans didn't pick it up so it's their fault. you are asking the question and you know the answer.

stuart: i remember watching the press conference yesterday. all the president did was talk about meal vouchers for airline passengers who have been delayed and then walked off the set, walked away. i find that incredible he didn't address the major issues of the day with a reporter standing in front of him. brian: the american people said you got 36% approval rating. this country, 50-50-40-40, the republicans know this is not doing your job. this is not doing your job, he's not legislating, goes on vacation every weekend, doesn't talk to the press, has trouble reading offer page. when you have something you deal with on a regular basis, i'm pre-reading and if i don't i pay the price. everything he reads is a struggle. i'm going to add one more thing to this. the white house correspondents dinner, you dress up in tux, at

what point in july, in june 2022, he keeps on deciding what press go to what events, white house correspondents said this is a problem they protested and thought it was so funny that he never answered it, still telling the new york post to jump in a lake, never takes a question from certain outlets and they never brought that up and allowed -- he talks for ten minutes and turns around, this is real stuff. we have real issues and if you can't answer the questions step aside. stuart: the white house banned the new york post reporter from attending the president's public event. is this because federal prosecutors are near possible indictment of hunter biden in the post reporter always asks questions about hunter? >> they had a lot of success before, they banned the new york post from all social media because they didn't like the

hunter story. now 51 intel executives, intel experts including four cia heads looked like total frauds because they signed something for political purposes, commissioned by secretary of state antony blinken and you say there's 20 seats open. we see the empty seats, the new york post is going to sit back, the fourth largest newspaper in the country i don't think the american people will tolerate this, 36% approval rating even though he has a compliant press, donald trump had everybody writing something, roughly 43% this time, the american people looking past the media and making their own decisions about what they hear. we won president biden is in a lot of trouble, see you again real soon. want to take a moment to say thanks to you for being with us

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