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stuart: you should be thinking along with this. return to sender, about migrants. the producers are cruel. all right. i didn't get it. good morning. it is 10:00 eastern. we will get straight to the money. i'm looking at a turnaround in the market, the dow is up 100, down 2030 and back 26. the nasdaq is where the action is. europe close to 1% and that is because interest rates have come down after a favorable inflation news. look at the treasury yield, down well below 3.5%, 345, that helps the nasdaq. the price of oil $72 a barrel. i expect to see gas prices come down. as for bitcoin, still hovering at the same level.

$28,200 a coin. that's the markets and now this. this is just not good enough. the performance of the president is unacceptable. i know that sounds harsh, we face multiple crises and the president is out to lunch. in a few hours title 42 will be lifted. if you watch fox you know a huge migrant surges on the way. what do we get from biden, looking frail and tired he said, quote, it remains to be seen how things work out, quote, it will be chaotic for a while. that is a casual response to invasion. he seems to think we are okay with mass migration of central america to north america at our expense. the budget battle, after a big meeting in the white house tuesday afternoon the president said, quote, it is the basic duty of united states congress, the impact of the republican house and the presidency has

nothing to do with it. just not good enough. the house investigative committee, a tangled web of wire transfers which deliver millions of dollars to the president's family. the committee couldn't find a cripple business as the source of all that money. it was influence peddling. it was called a political stunt. it's becoming apparent. this is the president's response to these crises is not good enough. more than 2 thirds think biden is too old for a second term. senior democrats will call on the president and tell him it is time to go. second hour of varney just getting started. ♪ liz peek is here to stay

today. will democrats tell the president it is time to go? >> how can they not? look to recent all that came out showing the lowest approval rating for any president ever in our history in the first term. isn't just about president biden or the oval office but what about those down ballot democrats, huge number of senators in 2,024. they will be in peril if there' s no one at the top of the ticket and people turn out for. this is a catastrophe for the democratic party and that poll, i wonder if that wasn't the first step to saying to democrats moving on president biden saying you got to go, something interesting in that poll, more republicans than democrats polled. have you seen a major national poll with more republicans than democrats? how did that happen? how did they get uphold -- i

don't know, it certainly starts the conversation that this is unsustainable. it isn't an age issue. he is not doing anything that is confronting america. middle-of-the-road republicans are going nuts over this. how can we have millions of people coming in this country, what about -- can't go into the particulars. we when they are opening the border, no problem at all, that's what they are doing. liz: all they need to do is get those buses lined up and send them to mexico which figure out how to go back to their home countries, filled with migrants and taken back to their countries. we've done it before and it stopped. all those people, millions of people want to come to the country and think the doors wide open. stuart: that's one crisis. another is the debt problem. you've got an op-ed. why president biden needs to

bend in the debt ceiling standoff. he didn't bend yesterday. liz: the problem politically, the washington post poll showed people are split on who to blame, republicans in the house or president biden. i don't think a white house was anticipated that. he thinks he has the high road but that's undermined by the fact that democrats have been on a spending spree for 2 and a half years, americans connect the dots between that spending spree and inflation, they know it has to stop and message to americans is very clear. you had an emergency, spent a boatload of money, now we have to go back to where we were and go back to the normal baseline which might be 2019, 2020, but the answer, we can't keep spending the way we are and most people understand that. stuart: thanks very much. what can the president do if

they don't reach a debt ceiling deal? lauren: use the 14th amendment, bypass congress. a section that says it is unconstitutional for the nation not to pay its debts. >> president biden: i've been considering the 14th amendment. a man i have enormous respect for who advised me for a long time, thinks it would be legitimate. it would have to be predicated. in the meantime without an extension you would end up in the same place. lauren: senator joe manchin says sit down and negotiate. >> i think, to have five of the critical leaders for the country walk out of the meeting and not one of them say we made progress.

that suspecting something, staff, direction from the leadership, it is ridiculous. stuart: exasperation. investors encouraged by staffers. manchin says no, not the other way. stuart: senator feinstein, and >> the 89, is expected to cast a vote. she missed 91 vote as she recovered from shingles. her return restores the democratic majority on the judiciary committee and pops back its calls for her to just resign.

stuart: take a look at this article in the wall street journal. chat gpt is causing a ruckus in the stock market. david, normally, speaks about the overall big picture. they 0 in on ai. how is ai causing a ruckus? >> since november 30th this last year, ai is all the talk in technology, the stock market, a big disruption in industry has our brains don't have the. to upgrade and plug into the internet but we do, and we have clearly seen huge upsides with the chipmaker who ultimately powers this technology, up 96%, microsoft is one of the first

make a investment, based on $500 million swing on the upside as a result of that, that's phenomenal. as we look at this tool it is a tool. hammers don't build houses, but skilled operators do. what we are entering into is a time we are having content creators but now we are content curators. let me lay this out. it still takes 10% of your ability to communicate with this tool to get good ideas into it. that will be 80% rate content back, still takes that last 10% to build the house establish the right things. it is amazing technology that is really powerful and scary but is absolutely revolutionary as far as what it can do. stuart: do you have an ai stock pick? you've been pushing your

investors into? >> microsoft is my personal take on that. given the fact that they've got their teams, although technology keeping and staying steady with the new changes developing out of 2,020. they are going to innovate these ideas into their tools. that is a big idea. most are concerned about google and the fact that 100% of their ai engineers are in china right now and that represents a security risk. as you look at giving technology and information away i feel a little better about organizations in the united states that might play by our rules as opposed to what else it will bring up. stuart: i want to thank you very much for the coronation tie and he went to london before the coronation and picked it up and winced minster

at the and i wore it on friday before the coronation on saturday. you will be on the show again. >> you are welcome. you look great. stuart: thanks very much. lauren is looking at the movers and starting with a 10%, 9% gain. lauren: content delivery network branch into cybersecurity and cloud services and they lifted their full year outlook on the diversification. stuart: new york times. lauren: they must first quarter revenue estimates. cfo says advertising revenues will decrease between 4% and 8%. stuart: i wonder why. i'm not knocking the new york times. lauren: there are fees that are increasing their subscriptions.

many people i say enough and the advertisers are saying enough too. stuart: that was a good answer on the spur of the moment. data dog, great name. lauren: they monitor services like servers, databases and tools. they are up because it is ai player, they are integrating with open ai, chat gpt to help companies and organizations to monitor the costs, the performance. this is ai. stuart: got it. thank you. the governor of florida took a major step towards announcing a 2,024 run and we have details on that coming up. a new york suburb was granted a temporary restraining order to stop mayor adams from sending illegal migrants to their town, adams is overstepping his authority. gerri willis has the story. former acting deputy secretary

ken cuccinelli railed against operation lone star saying abbott is not repelling migrants from the border, just sending soldiers therefore photo up. he explains next. ♪ what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. my husband and i have never been more active. shingles doesn't care. i go to spin classes with my coworkers. good for you, shingles doesn't care. because no matter how healthy you feel,

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bridgett is here. she has no clue that i'm here. she has no clue who's in the helmet. are you ready? -i'm ready! alright. xfinity rewards creates experiences big and small, and once-in-a-lifetime. hi, i'm lauren, i lost 67 pounds in 12 months on golo.

golo and the release has been phenomenal in my life. it's all natural. it's not something that gives you the jitters. it makes you go through your days with energy, and you're not tired anymore, and your anxiety, everything is gone. it's definitely worth trying. it is an amazing product. stuart: a slight lessening and inflation reported two hours ago, modest gain for the market. over 1% higher because interest rates are down following the favorable inflation news. the governor of florida, rhonda santos cut ties with the friends of ron desantis,

political action committee, a big step towards the governor announcing a run in 2024. ken cuccinelli joins me now. you founded the never back down pack which is a group supporting desantis. why are you with desantis and not trump? >> i was proud to work for donald trump at the department of homeland security. a lot of good policies but a lot of what the governor calls drama, a lot of stumbling, we could have done much better and a president can only have four more years where ron desantis has been the most successful chief executive we have seen in america in decades. he raised the tides of all boats, both floridians and, politically, he helped his whole ticket in 2,022. it was a disappointing year for republicans across the country, it was a red wave in florida

because of governor ron desantis's leadership. not enough to win the presidency, you've got to hold the house and expand the majority, the president has three elections in a rhonda negative for those running with him. governor desantis has actively helped the rest of his team do better and he has done all of that while defending a down the line list of conservative accomplishments that are unmatched across america. a lot of grassroots folks are excited. news of this political move as you noted and reported is welcome for us. we when i will change the subject and move to the border, the president admits the border will be, quote, chaotic once title 42 is lifted. watch this brief sample. >> president biden: we are doing all we can. the answer is remains to be seen.

we've gotten cooperation from mexico. we are in the process of sending out offices in colombia and other places for someone seeking asylum to go first. it will be chaotic for a while. stuart: remains to be seen, going to be chaotic for a while. got to ask about this. the governor of texas has a special tactical unit ascending to the border. will that tactical unit be used to send people back, keep them out, or bring them in more efficiently? >> they will be used to bring them in more efficiently. the governor uses the word repel, but he doesn't repel anyone. he has constitutional authority when his state is being invaded like this under article 1 section 10 to actually stop people from coming into texas and if he caught them near the border, put them into mexico, but he refuses to do it but he

has run this operation lone star for two years, cool sounding name, lots of photo ops for the governor, he isn't doing anything to slow the flow and has the authority to do it. most of your media, virtually all of it on fox and elsewhere has shown the worst flows coming over the border into texas, the governor of texas uses his constitutional authority, he could start to slow the tide over most of the border and america needs him to do that and he comes up with one excuse not to do it. stuart: you would have a special tactical unit push people away. if you did that, there would be classes at the border. that's not something most people want. >> all we are talking about is it would be in operation like state officials doing what federal officials have done

under title 42. it doesn't have to be violent but it has to be firm and definite and returning people to mexico so they know they can't get in. that's the measure of the flow whether it will slow down or not and governor abbott refuses to slow the flow. stuart: thank you for joining us on a day of major crises. orangetown, new york, was granted a temporary restraining order to stop mayor adams's plan to bus migrants their way. are we going to see local police officers clashing with migrants and turning them away? is that possible? gmac i talked to sheriff's jeopardy's, we have three sheriff deputy cars here, we spoke to them. they did not answer the question. we don't know. what we do know is the showdown

between new york city and orange town, new york, hitting crisis levels. mayor adams has asked 30 migrants be brought to this town today. rockland county court says there's a temporary restraining order. you cannot do that. setting up a conflict today. we know the tro is in place until monday. city supervisor teresa kenny says town laws don't allow long-term stays of the sort the mayor wants. listen. >> the right to preempt local laws. new york city -- >> and so -- might be having trouble with that sound. let me move on. the public is squarely behind kenny in opposing migrants coming to the town.

they spoke at a meeting last night. listen. >> not fair, none whatsoever. new york city is a sanctuary city. that and the five boroughs. this is not part of the 5 boroughs. this is a suburb like westchester, orange, and it's not fair because we can't go down there until mayor adams what to do. >> all of this coming to a head as title 42 expires thursday. we are expecting hundreds of thousands of migrants to come into the country, to cross the southern border. many of them will come this way. new york city is trying to prepare any way it can. it gave fox a statement saying this, i am quoting, we are considering everything at this point and the city is considering housing asylum-seekers on new york city streets. in addition they are thinking about putting them in central

park, maybe in the additional buildings in the city. they are exploring all options as we come upon the expiration of title 42. stuart: what a mess. thank you very much. republicans want to do something about those unused materials at the southern border. what do they want to do with these materials? ashley: they want to use of them, not let them sit gathering dust. senate republicans introduced a bill that would require the department of defense to use those available materials to keep building the southwest border wall and transfer those materials so we can do the work. the us army corps of engineers says it is costing $130,000 a day, roughly $50 million a year just to store the unused materials.

the so-called finishing act requires the secretary of defense to submit a plan to congress for using, transferring or donating materials to build a border wall. that bill puts pressure on states to use the materials by requiring them to pay back the cost of the goods if they are not used within two years. in other words, build the blood he wall. stuart: nicely put. now this. presidential candidate nikki haley slams governor desantis over his battle with disney showing desantis as a thin skin. charlemagne is not happy about potential trump/biden rematch in 2024. >> shame america doesn't have options because we are not two party systems, we just stuck with what we've got. that is a shame. stuart: he's talking about a third party.

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stuart: title 42 ends tonight at midnight, they are coming already was we got this from the border patrol. monday and tuesday of this week, 10,000 migrants a day came across the border, 10,000 a day. monday and tuesday came across the border. today is wednesday, who knows what the numbers will be today and title 42 ends tonight. a turnaround for the dow, up and down all day, opened up a hundred, now it is down 43, the nasdaq still going strong, 120 points, almost one%. looking at the movers, tesla is moving. lauren: shares are back, better-than-expected, helping tesla and tesla is trying to make charging more affordable

in european countries cutting prices by 10%. stuart: paypal was down yesterday. lauren: edward jones removed paypal from their stock, focusing this down 14%. stuart: good rx. lauren: they are up 6% even though they lower full-year revenue outlook, taking hits from amazon because amazon is pushing to digital healthcare but investors see something in their earnings report. stuart: let's change the subject moving away from money to politics. podcast host charlemagne the card is slamming a potential trump/biden rematch for 2024. >> people are saying they don't want to those people running, this is a democracy where we get to decide. >> it is not and a shame america has no other options because we are in a 2-party system. folks don't really want to

trump, folks don't want biden, we are stuck with what we've got and that is a shame. stuart: i think he's talking about a third party. i don't like the idea of third parties. it is weakness. what do you say? >> i agree with you. which we had a different choice but given the system we have and the way it is structured we only have the limitations that come with that. there are positives and negatives. one of the things being expressed by charlemagne is something people agree with, they are frustrated in a situation that might have the same choices all over again. people are tired of being a country led by individuals who won't be around to see the ramifications of the policies they are putting in place, won't either decades from now. back to being an optimistic forward-looking country, that will involve a change in leadership, three presidents

born the same year and all younger than president biden. that something americans are tired of, they want to move on and have a forward-looking optimistic vision and someone else there. that someone has ideas and beliefs it is not going to be a person that charlemagne is going to support. might not be someone i would automatically support. we want to move on from this system at the top. stuart: he articulates that well. democrat senator manchin will oppose every one of the environmental protection agency nominees because he was doublecrossed on building pipelines. is afraid the extreme ideologies overshadow their responsibility to ensure long-lasting energy and economic security. could manchin up into budget discussions in the senate? >> he could. he is right to feel he got duped in this scenario.

took the president and the white house at their word in terms of what they are going to do. that is not a good scenario for democrats who want to push things forward with the time they have before the election kicks up. the degree to which they keep manchin happy will depend on whether he comes back or not which is up in the air given a popular governor or june justice announced he's going to run. stuart: that plays a role. candidate nikki haley blasted the governor of florida, ron desantis over his tug-of-war with disney. >> keep in mind, desantis took $50,000 worth of contributions from disney prior to this. he took their executives and lobbyists and put them on prominent state boards. passed the largest corporate

subsidies in florida history right before this. suddenly they criticize you and you have thin skin and do a lawsuit the cost taxpayer dollars. stuart: democrats are salivating at this, warfare among the gop. >> i have to call nikki haley out on this because it wasn't actually that they criticize ron desantis but a bill backed by floridians that was interested in defending, they view, their children, from the kind of woke left as they are tired of. they decided to wait into an area of politically fraught culture wars they've not engaged on before. let's not talk about who shot first in this situation. it's a situation where disney got involved in something they shouldn't have. it was a mistake and ron desantis and floridians are pretty united in the front that says the war on disney, got to back off, stick to what you do

best which is making products are children consume and stop telling us how to educate. but when i find that fight a fascinating because ron desantis of florida, the guy who runs disney, bob iger, wants to be the president. i know he is a democrat. he wants to be the president. you've got this clash. >> there is a situation of jealousy. stuart: california versus florida. thanks very much. from the spectator, i got it wrong this time. thanks a lot. we told you how new york wants to tax drivers heading into manhattan to stop gridlock. new jersey is not happy, a cash grabbing plan. it makes it impossible for landlords to evict tenants even they haven't paid rent in months. the full story from kelly o'grady in los angeles after

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stuart: lawmakers in new jersey are promising to fight against new york's congestion pricing where you draw it in the city. lauren: democrats like bob menendez want to the biden administration to reconsider the environment a review to account for the pollution that would cause northern new jersey in manhattan. stuart: make it a climate issue to begin with the. they are calling this nmda cash grab at the expense of

hard-working new jersey in this. he's looking for carveouts to protect workers who work in restaurants in manhattan and nurses who commute here. as it stands if everything goes through, one year from today, passenger cars pay as much as $23 to enter anything under 60th st. at certain times. stuart: $23 to drive around the city on top of the 16 or whatever it is to get through the top. lauren: you work from home, you don't come here in the city has less revenue in this people safe enough to get on a train. stuart: come in, i want to know how many times a regular employee is working in the office. ashley: depends who you're working for.

in many cases it's just two days a week, others it is three. most surveys show 20% of financial service companies require full time in office work and the number of companies that use a hybrid plan has risen to 30% from 20% just in recent months. under the hybrid arrangement 41% only had to be in the office two days a week. in other words it is not even close to what it was like pre-pandemic despite the rhetoric against working from home. office occupancy rates remain stuck just under 50% of pre-pandemic levels and it is estimated that remote work is costing new york city $12 billion a year. the city's loss is turning out to be the suburb's again. some retail businesses are now moving from their once bustling

urban locations to nearby berbers. traffic at shopping centers on the rise. suburban landlord say demand for retailers is strong right now. for the first time in ten years, urban retail availability has surpassed suburban availability more open in the city than in the burbs and that tells a story right now. not even close to where it was before covid. stuart: the story is the decline of the city's. california's biggest cities make it impossible to evict tenants even if they have not paid rent in months. kelly o'grady is in los angeles. is there anything landlords can do? >> reporter: not much. some are suing the city or the state but that's yet to pan out. there is so much frustration, the state emergency is over,

the federal one ends tomorrow, jobs are back but these protections have been in place for three years. san francisco, oakland, berkeley have extended the moratorium through the summer. evict and protections are over but they were new to handle restrictions including a freeze on rent-controlled apartments. proponents of the ban say protections would exacerbate homelessness. could ask codecs say it's forcing landlords to bear the housing prices. some of the apartments you see behind me, mom and pop owned a small business owners invested everything in smaller operations that they haven't got new rent in three years but still had to pay their bills. >> many had to dig into their savings, take out loans, take out home equity lines of credit on their primary residence just to keep the mortgage current on their rental property because

they weren't receiving income. >> reporter: new ratio check estimates billion dollars in back paid his own in los angeles alone. some are trying to pay this back but some bad actors abuse this, didn't have to show proof of covid hardship and of lavish lifestyles instead of paying rent. a lot of landlords are just saying forget the debt, we want to move on but a lot of folks are asking when is it going to end? stuart: a billion dollars worth of unpaid rent in los angeles, that's the california story. thank you very much indeed. coming up the house oversight committee has revealed an extensive influence peddling scheme. numerous biden family members took millions, bank records don't lie, all the details on the damning report. title 42 expires at midnight. migrants lining up the days. is texas prepared to handle the surge? ♪

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stuart: inflation at the consumer level is running outta 4.9% clip down slightly from the 5% clip reported in march. not much reaction in the market, the dow was down close to 200 points despite favorable inflation news. check the border. title 42 expires tomorrow. troy nels, republican from texas, joined me now. 10,000 crossed on monday, 10,000 crossed on tuesday, 1,000,000 are about to cross. what will happen at the border? >> what we've seen in the past 21/2 years, absolute chaos and dysfunction all by design by this administration. when everyone is talking about

the end of title 42 tomorrow, what message does that send people across the globe? they are ending title 42, you can enter the border anytime you want and we say tens of thousands of people migrating to the southern border because of the end of title 42. this is what the administration wants. this is the messaging, easy to get into our country and you have individual states and texas and others, augmenting the border of the department of public safety. stuart: we've been told the texas task force which governor abbott has assembled will not be keeping people out but simply keeping order as they come in. shouldn't we keep people out at this point? we are being invaded. >> i would too. governor abbott's intent is to

show force at the border and scare some of these individuals. when you see soldiers from the national guard from texas and humvees and things of that nature maybe it is a show of force but if you want to secure the southern border, we go back to trump's policy, the most secure border in four decades. stuart: come on, as the president would say, let me change subjects for second. we got a blockbuster, on hunter biden. a tangled web of financial intrigue, influence peddling to an extraordinary degree. this is another crisis for the president. >> it is. we all know it, we can see it, very corrupt family. hunter is an embarrassment to this country but his dad even

knows it. what is her dad going to do? try to protect his son. we got a 2024 presidential election coming up, the biden family is beholden to china. i think we ought to continue to slow roll these investigations until the democrats crowned their king. i want joe biden to be the democrat nominee because that as assure that donald trump is our 40 seventh president. wind want joe biden to be the nominee. stuart: thanks for coming on the show at an important moment. here is what we have ahead for you. tennessee congressman mark green on the invasion at the border. martha maccallum on hunter biden and the investigation. larry elder on california's push to pay millions in slavery reparations. the 11:00 hour is next. ♪

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>> how can we have millions of people coming in this country and nothing is being done? some all those people, those millions of people who want to come to our country, think the door is wi