>> 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 wide open.

>> they've had two two years to put a plan in place, and he was not done so. all they're doing is allowing this mass migration to take place, and they want to the create a large amount of am necessary i. st it's an invasion, there's no other way around it. >> strong ally believe we will see new lows in the s&p by summertime. if i am wrong, i will come on your show, and i will admit that i was wrong, and i'll give a reason as to why we missed that we were wrong. but the data continues to support that we were right. >> we're only going to get to 2% with the help of a recession. it's going on the painful to get there, ask that's what i would warn people on the equity side. getting there will require economic pain. ♪ the club can't even handle me right now ♪ stuart: the. [inaudible] put it on the screen. club can't handle. >> florida. >> club can't handling me, no,

florida. i do that just for a joke. [laughter] it's 11:00 eastern time, wednesday, may the 10th all day. check those markets. the dow opened with a gain of 100 points on rath or benign inflation news. nows it's down 100. show me big tech. presumably they're all doing well except for meta, which is down $1.65. the are on the upside. that here's the 10-year treasury yield. keeps coming down, that's why the nasdaq's doing reasonably well. you're at 3.45 on the 10-year, and that is down on day. that's the markets. and now this. this is political dynamite. not just for the biden presidency, but also for the liberal media. house oversight committee has revealed an exe especially thive influence-peddling scheme, numerous biden family members took millions of dollars. twenty companies were set up during biden's vice presidency. those companies received $10

million from foreign nationals and companies. no idea what those companies actually did other than receive -- they went to great lengths to keep everything secret, clintly hiding transactions to to confuse the irs, but the committee got the bank records, and they don't lie. find, contradict statements made by the president. he has denied making money from china. that is not accurate. bank records show the family received millions from china. s it is a detailed, comprehensive report, and it is damning. s the also an indictment of the media which just would not report the story. why? because it broke right before the 2020 the election, can and the liberal media moved heaven and earth to keep it away from voters. that is election interference. this bombshell arrives just as new migrants surge in. the surge begins, it's started. the president expects things will, quote, be a little chaotic for a while. that's very reassuring. and biden blames republicans for

the budget impasse and default loom. i don't think this president can cope. third hour of "varney" starts right now. ♪ ♪ stuart: martha maccallum joins me. >> hi, guys. good morning. stuart: this is a trifecta of crises, in my opinion, and i don't think the president can cope. >> well, the numbers show that he's having difficulty coping on all of these fronts. and i think you're right to point out all the people who fell down on the job based on what we heard from the jim comer this morning. there are still questions about this process that comer revealed today. what we learned is that the subpoenas produced an enormous number of documents that unravel an incredibly complex weave of financial transactions while joe biden was vice president. there were 16 companies that they established that were moving money, all through different venues.

and then a third of it went to the biden family on every turn. and i thought byron donalds was particularly strong this morning in this presentation. he said there's no business, there's no family business. stuart: yeah. >> what to do they do? stuart: what do the companies do? >> what do they do? just as an example, right, you look at the trump companies, right, you can point to all these different real estate transactions, at least you know -- whatever questions people might have, you know what the basic industry was. the only potential industry here is consulting, right, sort of based on experience. very little experience in the areas that they were working in. so now what they have to do though is show that there's a link between the money that went into these accounts and policy that was enacted when he was vice president. and that's the next layer here. it's a very important layer. it may urn the out that just what has to happen is we have to change the rules on what kind of businesses families can be involved in, you know?

were they getting away with this based on existing laws that they were circumventing, and if that's the case, then obviously the laws have to change. they're going to have an even bigger story. the media has been asleep. nancy mace called out the k the oj, she said get off your ass morning. that laugh what about these suspicious activity reports? 175 of them at the banks and nothing happens? if that were think of us, you know, we would be getting calls, we would be having to come in the and explain what's going on here. but for some reason, those sars led to nothing until now. stuart: we'd be wearing orange students. democrat senator joe manchin, he's threatening to oppose every one of biden's epa nominees because he was double-crossed on building pipelinings. here's what he says, he's afraid the administration's extrial ideologies overshadow their responsibility to insure long lasting energy and economic security.

okay, martha, could manchin upend the budget discussion when it gets to the senate? >> he could. i mean, obviously, he feels very burned on what happened in the inflation reduction act for him. the pipeline that he was promised that didn't happen, right. >> and it was a very far controversial move for him politically. now that he has jim justice, the governor of west virginia, running for his senate seat he has to convince the energy companies based in west virginia that he is still the guy who was always on they're side because they feel like they got sold down the river on that ott vote. so thousand he's trying to again sate for this, it appears, by shutting down these epa nominee ifs, to, you know, sort of rebuild his bone feeds with with this -- bona fides with this group at home. stuart: welcome back to america, by way. >> thank you. stuart: you were in london covering the coronation. before that you covered the queen's funeral. may i ask you to compare the two ceremonies? >> they were both quite

remarkable. obviously, in september it was a bit of a shock because the queen had been frail but present in a big way at the events surrounding the jubilee are. and a coronation, we haven't seen one in 70 years. and i was most interested in sort of the historic ene trenchment in the coronation ritual itself. it's quite fascinating. and, you know, the whole purpose of it is to link the monarchy back to the roots really of god and jerusalem and that this is, that the primary purpose of king is to serve god and then the people. and that was the focus. stuart: americans must have found it strange when the new king was aannounced with the -- anointed9 with the holy oil. that's -- actually, that's the amalgamation of church and state in england. the king is defender of the faith. >> factically. and queen elizabeth -- exactly. queen elizabeth was the head of the anglican church and now charles is the head of the

church. it's sort of bare hell, different to the pope -- parallel, different to the pope, right? in the anglican church, the monarch is the head of the church in that way. so, thus, the anointing which, you know, sort of proves to make all those links. just one interesting note on that, this is the first time that the vatican has sent a representative to a coronation since the split between henry viii when he wanted to remarry and had to make his own church, had to cut away from the catholic church and build his own religion in order to get a divorce. and they came, the vatican sent a representative which is a real, i think, sort of i pair moment -- repair moment from what henry viii wrought back then. that's all the elements that i find really interesting about covering all these stories. stuart: well, i'm jealous. i wish i'd been there. >> it was beautiful. stuart: you did a great job. >> i take that as high praise from a former brit. stuart: as long as you say former. >> except the accent.

stuart: can't lose it. "the story," 3 p.m. eastern only on fox news with martha this afternoon. thanks, martha. mark tepper's here to cover the markets for us. i'm looking at the dow, it's down 100 points. s&p is also down. why is this selling here when you got a benign inflation report? >> well, i'll tell you who this inflation report is benign for, it's benign for wealthy individuals, for high income individuals. it's not as benign for the majority of americans. and when i kind of go through the different can the line items, if i look at, you know, people that follow a paleoor a mediterranean or a keto diet where they're eating meat, poultry, fish, fresh produce, inflation's negligible. but when you look at the grocery budgets for lower income people, people living pay connect to paycheck, you look at grains, cereals, pasta, that stuff's up, like, double digits still year-over-year. you're seeing this bifurcation take place, and things aren't as

rosy for lower income individuals. stuart: that's a fascinating angle which identify not considered before. you're the first to the raise that one. >> thank you, sir. stuart what are you buying these days on the stock market, if anything? >> i've got to commit, we own exxon which, last i checked, was down 13% today. [laughter] down 17%. so they specialize in non-lethal force -- stuart: tasers, okay. >> taser, body cam, software. something there's bipartisan support on that stuff. we've more than doubled our money over the last year. service the up 37% going into earnings yesterday, beat and and raised quarter, with but i guess investors are saying, hey, not quite good enough. i would be buying on pullback. stuart: very interesting. stay there, mark, you're with me for the hour. lauren, i want to do the movers, rivian and it later amazon. lauren: i'm connecting them because amazon has a 17% stake this rivian. rivian is up 6% because they

reiterated their ankle yule ev production forecast, and the market likes that. that's why amazon is also up, with them. stuart: amazon? lauren: up 2%. stuart: sorry, i missed that. looking at roblox, they are children's games, right? lauren: down at the opening bell, reversed course, now higher as the market is lower because their net bookings for the past quarter rose 23%. what happens in june? the kids are out of school. they play more video games so things look good going forward -- >> they should be outside. you've got to play outside. lauren: well, that's how it was when we grew up. now parents want them in sports, organized or in the house. stuart: show me airbnb, because i think stock's down. lauren: they just davis, in my opinion, the first major indication that travel demand is slowing because of the high prices to to go bases. however -- places. however, the ceo, mr. brian chesky, says of course we have

to cut costs, but we're not going to do to use artificial intelligence another the that. watch. >> we could do verge isly with a.i. the same amount of work with significantly fewer employees than we have today. and if we're only trying to be profitable and not grow, that would be fine. but, of course, we have incredibly big growth ambitions. lauren: yep, they're focusing on growth, not profitability. brian chesky will join "the claman countdown" today. >> i guess you have to mention a.i. and using a.i. for your stock to go up. stuart: exactly, that'll do it. lauren: can i just add in, because this is just crossing, the openai ceo, sam altman, he's going to testify before a senate panel next week, tuesday likely, because they're dealing with how to regulate the sector. that's where we are with a.i. stuart: thanks, lauren. you can soon rent bunk beds on long haul flights. which airline is doing it and, by the way, how much it costs. that's in economy, by the way.

lack voters are turning dish black voters are turning their backs on president biden. larry elder's here to take that on. title 42 ends tomorrowings and the southern -- tomorrow, and the southern border is in complete chaos. a huge line of migrants as far as the eye can see waiting to be processed. more people are still on their way. bill melugin has the board or report after this. ♪ -- down to me. ♪ the change has come, she's under my thumb ♪ your best defense against erosion and cavities is strong enamel- nothing beats it. new pronamel active shield actively shields the enamel to defend against erosion and cavities.

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♪ stuart: all right, title 42 expyres tomorrow. border patrol reports 10,000

apprehensions on monday of this week and another 10,000 apprehensions on tuesday. how about that? bill melugin joins us from brownsville, texas. you're at the border, set the scene, bill. >> reporter: well, stuart, those numbers you just mentioned are the highest a daily numbers ever recorded. the u.s. has never seen anything like this before, ands the only expected to get worse. take a look at stunning drone footage our team shot in brownsville yesterday showing yet another massive single group after it crossed illegally. watch the camera pan, or it'll seem like the line never ends because there are so many people, hundreds upon hundreds, after they crossed illegally. cbp sources telling me here in thely --ly yo grand valley sector they are currently running 165% of their overall capacity. and take a look at this second piece of video showing month morose, mexico, where they are

crossing from. take a look at all this trash, rubbish and clothing on banks of the river which they drop before hay cross over. then the camera will switch over and you'll see more of the same as a constant stream of hundreds of migrants cross illegally and enter into brownsville,. it is nonstop all day, every day out here these last few days. in the meantime, human smuggling running rampant as well. take a look at this video from texas dps, pulling over a human smuggler. illegal immigrants bail out of the vehicle, two of them have black bag baggeds on their back ended up being filled with meth. texas dps chases them, they eventually recover the black bags, open it up, find the meth, and they take the driver, the smuggler, into custody. he's a u.s. citizen from houston. and lastly, take a look at these images. another human smuggler best busted in del rio,ing a female ukraine national and her boyfriend, both caught smuggling

several illegal immigrants inside their vehicles. and take a look at this text message she sent when she was talking about the smuggling she was doing: i am currently picking up illegal mexicans and taking them back to san antonio. i'm getting paid $1500 per person, want to come help? that's how nonchalant the smuggling's gotting down here. cbp sources tell me cbp currently has nationwide 28,500 migrants in federal custody. they're getting to a breaking point, and title 42 hasn't even dropped yet. back to you. stuart: just extraordinary the stuff. bill melugin, thank you very much, indeed. ground breaking material. now listen to what president biden had to say about the lifting of title 42. watch this, roll it. >> -- might get close to an hour with the mexican president today. we're doing all we can. the answer is it remains to be seen. we've gotten overwhelming cooperation from mexico.

we also are in the process of setting up offices in colombia and and other places where you can, where someone seeking asylum can go first. but it's going to be the chaotic for a while. stuart: it's going to to be chaotic for a while. whoop dedo. house homeland security chair mark green with us now. mayorkas has just given a press conference, and he says if you come to the america, you will be returned. that's utter nonsense. we're being invaded. what do you say? >> no, i agree 100% with you, stuart. i mean, look, these guys don't care. every single thing they're doing facilitates people coming here more rapidly. the 1500 troops that they're supposedly responding to this crisis are just going to process more people into the country which is the incentive, that's the incentive that is driving the mass migration throughout central america and really the entire world. you mentioned ukraine.

when i was down there weeks ago, it was someone from russia. 160 countries, they're pouring into our southern border, they're overwhelming our border cities and cities all across america. this is absurd, and mayorkas is just asleep at the wheel. stuart: congressman, my colleagues and are sitting here looking at this extraordinary video that bill melugin just presented from the border, and we're saying how on earth can this happen here? how can it be allowed to happen here? so our question is, when is this crisis going to penetrate our politics? when are voters going to take notice of what's going on at our southern border? because i don't think they have so far. >> i think what's happening right now, what fox news and others are reporting, even some of the more liberal new york stock exchanger are waking up to this crisis -- networking are waking up to this crisis. the american people need to be made aware of it x they need to call the administration, call white house, tell them this is unacceptable. call homeland security, tell

themst the unacceptable. we are voting tomorrow on a bill that will fix this. interestingly enough, if they would just enforce the laws on the books, go back to the policies they canceled when that they got into office and reinstate remain in mexico, reinstate the agreements with central american country, and this will be fixed tomorrow, but they don't want to stop this. this is intention aal, stuart. they're creating this chaos throughout our country intentionally. stuart: they wanted to change america, and they've cone it. congressman -- they've done it. congressman, just extraordinary the stuff. thank you very much for being with us. very important day. we appreciate you being here. thank you, congressman. now this, congressman george santos is in custody facing federal charges. come on in, ash. what exactly has he been charged with? ashley: well, santos is indicted on charges that he embezzled money from his campaign, lied to congress about his income and, by the way, illegally received unemployment benefits while working for an investment firm that was shut down in 2021 over

a allegations that it was a ponzi scheme. in the indictment, santos is accused of inducing supporters to donate to a company under the false pretense that the money would be used to support his campaign, but instead it claims he used it for personal expenses including to the buy designer clothes and pay his credit cards and car payments. san os the, by way, surrender ored earlier today to the. he was taken to a federal courthouse in long island. he is expected to make an initial court appearance later today on charges of wire fraud, money laundering, theft of public funds and making false statements to congress. stu. stuart: okay. i think, however, he can still vote in house votes, because you can vote by proxy in the house but not in the senate. i think that's the way it is. ashley: yeah. right. stuart: thanks, ash. the university of georgia's championship football team just declined an ini have asian to the white house. we have their excuse. the california reparations panel wants payment of up to

$1.# million for every black resident. governor governor newsom is now trying to back away are from this. larry elder brings us up to speed next. ♪ ♪ we got the house! you did! pods handles the driving. pack at your pace. store your things until you're ready. then we deliver to your new home - across town or across the country. pods, your personal moving and storage team.

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♪ sweet dreams are made of this -- ♪ who am i do to the disagree ♪ stuart: oh, i know it so well. by the way, you're looking at o'hare international airport, chicago. 70 degrees. looks like a nice day there. and there's this, air new zealand will start offering bunk beds on long haul flights to new york and chicago next year. economy passengers can rent them out for four hours at a time. each bed comes with pillows, sheets, blankets and a plug for your phone. and guess what? it costs $10 an hour -- 100 an hour for this. would you pay that, you're in economy, would you pay that for bunk beds? >> i think that's a no-brainer. if you wanted one of the pods up in business class for a trip from let's say here to, i don't know, nice, france -- because i

did some shopping recently, about $5,000 round trip. stuart: first class on air from new york to auckland, new zealand, is over $13,000. [laughter] >> that's, that's heavy duty. so if i could downgrade, sit in economy, i'll sit all the way back by the bathroom, last row, if i could do that and get four hours in a bunk bed for $400, i would do that. i think the airline should actually price it i higher. stuart: i'll can ask my australian and new zealand friends if they would pay $400. susan with us -- susan: hey, i paid $19,000 for business class from new york to singapore last year. stuart: you paid this? >> worth it though. susan: i think -- that's because it's expensive. stuart: this is news, sports fans. you paid -- susan: i had a lot of points as well. >> there you go. stuart: the aforementioned susan li is with us. icahn enterprises. susan: yeah. this is a big story. you know carl icahn,

billionaire, his company, icahn enterprises, are being investigated by the new york attorney general according to the journal. icahn industry, they say that they have been asked for information from the southern district for corporate governance issues, capital, dividends and valuations. that request came last week just a ea athe after the famed short seller hindenburg research accuseed icahn enterprises of overestimating their values. hindenburg, they've hurt a lot of famous rich billionaires around the world, nikola's founder, trevor millon the, who's been convicted on securities fraud x. and many reaction to this, you heard icahn enterprises, hay actually broke down the value of some of their -- wrote down the value of some of their real estate holdings just in case. carl icahn just said a few minutes ago he is in compliance with taking out these personal loans. the stock is down by a third.

also they said they lost more money which was a surprise to start this year, but they will still pay out that $2 a share dividend which is the main reason why people own icahn enterprises, and hay still have $2 billion in cash. speaking of clout, when carl icahn gets into a stock, he's an activist investor, his battle with bill ackman and herbalife. i mean, the man -- think about clout and kind of the raiders at the gates, right? stuart: raiders of the ark, whatever service. susan: yeah. stuart: talk about cisco, they report earnings after the bell. >> disney is all about streaming, so expect streaming subscribers for disney+ to cross 163 million again after losing 2.4 million to owned last year. sales should increase, but earnings will likely fall by around a fifth because of those restructuring costs with 7,000 layoffs over three rounds. parks and recreation should

still be doing well. you know the high prices they're charging at disney world and disneyland. i was looking at the margins, 35% margins at the parks. you go to disney world, they're earning a third back more than what you pay. [laughter] stuart: the thing is, the parks are full. >> yes, that's right. also streaming, i think the most interesting part will be what they're going to do with hulu, do they spin out espn. stuart: 4:00 this afternoon, we'll find out. susan, thank you very much, indeed. california's slavery reparations as thing force recommends giving up to $1.2 million to each black resident of california. larry elder's with us. i thought this was governor newsom a's idea. so why is he not enors doering these payments -- endorsing these payments? >> because he knows the money isn't there, stuart. california has a $300 billion budget. this would be two and a half times the budget. the budget is already facing a $20 the billion deficit, and we

are $1.5 trillion unfunded pension liabilities. so he knows the money isn't there. this is all about staving off the recall. this happened during the time that people were gathering signatures for the recall -- stuart: wait a second. wait a second, larry. we seem to be in a situation now where we're simply negotiating the price. how much do they get. we're not talking about the principle of whether black folks get anything at all, no. it's just how much. >> well, that's right. again, it's about buying votes. you see what's happened, donald trump got 8% of the black vote in 2016, he got 12% in 2020, a 50% increase. 20% of black men vote for donald trump. biden used to have an 80% approval rating among blacks, now it's down to about 50%. so it's going the wrong way. what to do, what to do? buy their votes. stuart: we've got a new poll that says only 41% of black voters want biden to run again in 204. so is, larry, what are black

voters looking for in a candidate that biden doesn't have? >> i think they're looking for somebody who will do something about this ungodly inflation, about the gas prices, about the crime going on, about the awful performance of our public if schools -- public schools that the democrats and unions are joined at at the hip, they oppose school choice. and they want somebody to do something about the border which is why i'm recommending that they vote for larry elder. [laughter] go to elder for president.com, throw something in the tip jar and get somebody that'll turn this around. stuart: wait a second. i saw on fox this morning scott baio, the actor, he's been in los angeles for 45 years, i believe, and he's moving lock, stock and barrel. i think he's going to the gulf coast of florida. why aren't you doing the same thing, larry? >> scott's a friend of mine, and i know he was leaving. i was born and raised here, and i'm going to turn this thing around. sooner or later, like a drug addict, the voters are going to

realize that we've got to change. we've got to do something about the homelessness, people leaving, do something about the incredible cost of living. the average price of a home in the california, 175% above the national average which is the principal reason why people leave. that's to got to be turned around, and sooner or later the voters are going to realize that. stuart: do you think that i will ever see a republican voted into a statewide with office in california in my lifetime? >> i think in your lifetime you're going to live a long, healthy life, stuart -- [laughter] we haven't had a republican voted statewide in california is in over 0 years. 20 years. stuart: i know. >> you know, we had a republican turned democrat run for mayor. he spent a great deal of money and he still lost are. so, short term, no. long term, yes. [laughter] stuart: i hope i've got a long-term future. larry, thanks very much for joining us. always appreciate it. >> my pleasure. stuart: you got it. this is a very serious subject

here. fentanyl overdose deaths among children and teenagers increased 30-fold over the last decade. many of those deaths happened during the pandemic. we're on it, full report coming up. two weeks a after announcing his re-election campaign, president biden's holding his first real campaign event today. he's headed to new york city for a big money grab. don't expect him to pay attention to the migrant crisis. lydia hu has that story after this. ♪ ♪ -- it's up to you new york, new york ♪

i'll always take care of you. ♪ i'm gonna hold you forever... ♪ ♪ ♪ ♪ be by your side... ♪ ♪ i'll be there... ♪ ♪ stuart: president biden is enroute to new york for his first real campaign event. lydia hu is in valhalla, that's

upstate new york. biden's going to the take make -- to make a stop there today. is there mig the about new york's migrant crisis on his schedule? >> reporter: no, stuart the, there's not. no mention of the migrant crisis. you know, we are here in valhalla, new york, as you mentioned, which is not far from where the battle is unfolding between new york city's eric adams and local county executives over mayor adams also' plans to send migrants to the new york area suburbs. in fact, two county executives now have declared states of emergency for their respect i counties. instead, president biden is stopping by here at westchester community college to talk about the debt ceiling. according to his schedule, he will discuss, quote, why congress must avoid default immediately and without conditions. but, stuart, it's that without conditions part that seems to be the sticking point with republicans. speaker ken mccarthy was among t the white house yesterday to

negotiate. >> default is not an option. i repeated that time and again. america is not a deadbeat nation. we pay our bills. >> the only thing we're asking is that next year we spend the same amount of money that we spent five months ago. i didn't find progress. in this meeting. >> reporter: and now polls show that americans are losing confidence in the biden economy. gallup finds 64% of u.s. adults have only a little or almost no confidence in president biden's ability to do or recommend the right thing for the economy. now, stuart, we do expect another meeting between president biden and congressional leaders on friday. in the short term, his remarks expected here at the community college around 1:30 this afternoon before the president heads to new york city for his campaign fundraising event later tonight. back to you. stuart: yeah, back to the city.

that's where the money is. thanks, indeed, lydia. see you later. let's go to sport and politics mixed. the georgia bulldogs' national championship football team declined an invite to the white house. good morning again, ashley. why are they not going? ashley: i think it's because the invitation just took too long to get to the georgia bulldogs who we know repeated as national championships but, no, they're not going to have the another visit to the white house. they declined joe biden's ini havation to come by on june the 12th saying, sorry, that date is just not feasible given the student-athlete calendar and the time of year. now, the rebuff comes after there were gripes among georgia's supporters that the team had not been invited sooner. back in february a biden official said, oh, the white house is looking forward to welcoming georgia, but the invitation didn't arrive until last week leaving the bulldogs to the say thanks but no thanks. stu. stuart: got it. thanks, ash. let's get back to the markets. it's been a very interesting

day. benign reading on inflation. fairly benign. but the dow is down nearly 70 points. on the other hand, we've got interest rates coming down, so the nasdaq is up over 100 points, .85%. please show me the artificial intelligence stocks. i'm asking for these because the top lawyer from the if chatgpt developer, openai, says government mandates are not the best way to regulate a.i. development. instead, he suggests voluntary industry-led standards. mark tepper, should the government stay out of a.i.? >> i think so. i mean, the government, they've got a track record of screwing things up and, obviously, as we learned through the twitter files they also have a track record of being incredibly biased and really not playing fair. voluntary sounds like the wild west, to me. i don't think that's really going to do what we need to do with regards to having some oversight. so i think maybe an industry oversight board would be the best way to police this stuff,

make sure there's a kill switch, make sure we don't go full arnold schwarzenegger in the terminator movies. we need something that's kind of overseeing it and having a set of rules enforced, but not the government. stuart: not a pause in development because you can't control the bad guys, something in the middle taking a big picture look. >> if we were to pause our a.i., you can still experience a terminator movie if china doesn't pause their -- so it'll still happen. stuart: exactly. let's look at the market, a sense of the market by looking at all to of the -- 30 of dow stocks. interesting, most are in the red. i've got one, two, three, four, five, six, seven -- six is it? seven in the green, the rest all on the downside. but the coy itself is at 3 -- dow itself is at 33,486. the national institute on drug abuse says more than a million teenagers are addicted, they used that word, addicted to marijuana. former white house drug policy adviser kevin sap says marijuana legalization is fueling a drug

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stuart: i say it often, on my way home i often see teens on the streets of new york city smokinginging marijuana. you can smell it wherever you go. my next guest says these kids are being target by the marijuana industry. our guest is the president of smart approaches to marijuana, his name is kevin saabbit, and he joins me now. you label marijuana his dicktive. a lot of people do not agree with that. make your case. >> yeah, there's a lot of denial. it's, frankly, the worse part of marijuana, is the denial because people don't realize that odd's marijuana is not your weak woodstock weed. it's not even what was used in the '90s or even 20 the years ago. we're talking about something that's been genetically bred to increase the thc that acts on multiple parts of the brain and the rest of the body and produces the hide. and that thc is in these edibles, can keys, cookies, ice

creams, these cons rates that can be up to 98%thc. it's an order of magnitude more than what a lot of people were used to the smoking in college. stuart: is that what the marijuana industry does not want us to know, that it's addictive? >> absolutely. stuart: you say that it's addictive and it's extremely strong these days. that's what they're hiding from us, is it? >> yeah, they are. they're selling it as a wellness product but we have data from denmark that came out last week showing that over five decades 6 million people, showing that 30% of the schizophrenia incidents in 19 to 29-year-old men, young men, could be atranscribed to their -- attributed to their marijuana use disorder. that's huge. we know one in three people who used marijuana in the last year qualify for a marijuana use disorder which is an addiction. we're just seeing this left and right, the psychosis, the suicide, the mental illness

among other thingsment. it doesn't mean that -- stuart: i've got limited time, so just let me put this to you. i personally favor legalization of marijuana, and i don't see how you can reverse course on this because it's out there. but at the same time, i don't want to see teens getting high on the street, because that is a disaster at school. what do you say? >> well, that's the result of legalization. legalization in this country means the outright commercialization. it means lobbyists, it means the banking system which is trying to get into this. i'm testifying tomorrow for the senate banking committee on that issue. it means these institutional investors, big tobacco, big pharma, they're all in on this. we have enough problems with our legal drugs. i don't want to put people in prison for marijuana, but why would we want to legalize it which in this country means normalization and commercialization? we can do better than sort of these extremes in marijuana

policy. stuart: just one other point -- >> we can do better hand these extremes in marijuana policy. stuart: just one other point -- [audio difficulty] stuart: just one other point -- >> do better than sort of these extremes -- . >> drugs out there for kids, alcohol and marijuana. we can't actually divorce these drug issues and treat them individually. they're all tied up together. we have a huge crisis. it's really a shame on our country that we don't have treatment on demand, that we don't have recovery services and we don't have a better prevention infrastructure to stop this before it starts. stuart: kevin sabat, thank you very much for joining us. come and see us again. >> thanks for having me. tooth stuart here we go. it's almost # 1:55, so it's almost time for the trivia question. here it is. mother's day accounts for what percentage of all holiday flower purchases? 6, 16, 26 or 37%? -- 36%?

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>> okay. we asked, mother's day, mother's day accounts for what percentage of all holiday flower purchases? now for some reason our producers made a small mistake in that they're showing us the correct answer already. so mark and i know the answer.

when is your name again, ashley? do you want to guess, you don't know the answer yet? would think you do. >> i'm looking right at it. i would go with 26%. >> that is a winner. stuart: that is a winner. that is absolutely correct. we didn't know we saw it there, okay. what was it, 26%? >> 26%. i bet you valentine's day is about 50%. stuart: probably, yeah, that is the way it bows. >> birthdays 24%. >> are you a flower to mom guy? >> absolutely. she is watching. she know is it is on the way. >> mrs. tepper, the money is on the way. time's up for me. "coast to coast" is next. neil: this time, no cpiyiyi, some relief, stuff we're buying not