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>> the president is using these moments to channel white people that racism is their biggest issue, but i don't believe that to be the biggest issue for black people. we see time and time again with democrats. >> the debates are going to come up before we know it. it is going to be the hand to the hand combat one voter at a time. this is the challenge for ron desantis,s can he get the same results as donald trump without the drama? >> no notice to the appear if at all. they're encouraging the chaos. these are impeaching bl offenses by the secretary of homeland security and by the president of the united states. >> this green energy push is causing loss of union jobs. this radical green agenda is an agenda to the de-industrialize america. his anti-union, it's anti-jobs, and it will lead to a lot of people losing their jobs. ♪ ♪ i can't get no satisfaction ♪

stuart: rolling stones, i can't get in satisfaction. i always liked that song. had a good rhythm to it. [laughter] the lovely lady in new york harbor, this is 11:00 in the morning. it is the monday, may the 15th. let's get to the markets, please. we opened higher, now it's a mixed picture, truly mixed. dow's down 11, nasdaq's up 17. not that much price movement pretty much across the board. show me big tech, please. lots of news items on various stocks there. meta is up 1.5%. microsoft has turned around, slightly higher. the rest of big tech, amazon, alphabet, apple on the downside. the yield on the 10-year treasure i a-- treasury right there at 3.5, but the yield on 1-month, the yield is 5.5%. for one month. how about that? that's the markets. now this. it was an outrageous statement,

and i'm quoting, the most dangerous terrorist threat to to our homeland is white supremacy, end quote. that's what the president told students at howard university, an historically black college. this is the desperation of a president who does not have the full support of the democrats' most important voting group. biden needs 90% of black vote to get reelected. all the signs are he doesn't have it. so the president played the race card. racial acquisition is not something -- division is not something the president of the united states should be encouraging, making white supremacy the centerpiece of a university commencement address is surely not the way to go. he's publicly said his mission is to bring america together, but that's not what biden is doing. he said, quote, sinister forces are at work. it's a dark vision that he's putting out. in electoral terms, i don't think it works. elections are about the future and a bright vision is required.

biden hasn't found it. his brave new green world has yet to inspire confidence. he's opened the border, and sates and cities -- states and cities are fighting each other and, of course, he's back to making the rich pay their fair share. it's so tired. it's so yesterday. that's what happens when an 80-year-old president who's been in d.c. for more than a half century runs for re-election and and loseses his key supporters. blame white supremacy, blame oil companies, blame putin, blame the rich, blame somebody but never blame the incompetence and failure of the biden-harris team. third hour of "varney," oh, we're just warming up. ♪ ♪ stuart: david avella joins me this morning. i think this is desperation by the president, what say you? >> no question. and as you see key democratic

voting groups moving away from the president, you're going to the see a white house agenda that tries to bring those key groups back. could can it be that randi weingarten now pushes more education policy? will now, as you see in michigan, the move to get rid of right to work and not allowing workers to have their freedom, will you see a white house continue to push policies? will we see now a big push for student loan forgiveness so that president biden tries to put that coalition that got him elected in 2020 back together as he hopes to win re-election in '24. stuart: i don't think it works. do you think that works? >> well, it worked in 2020, let's hope it won't work this '4. and certainly the numbers would suggest that key democratic groups have had enough. think about, you mentioned it in the opening, the the incompetence of this administration. it all started with the pullout in afghanistan, and voters have never given this president since then a high number on competence. and now you see where 6 in 10

americans disapprove of his handling of the economy. it's in every key area that this president continues to go backwards many approval amongst republicans -- amongst voters. stuart: o.k. to. we've got governor desantis. he had some advice for republicans ahead of the 40 to 2024 election. watch this. roll tape. >> we must reject the culture of losing that has ineducate ifed -- infected our party in lean years. if we do that, if we make 204 the election a refer dumb on joe biden and his failures and if we provide a positive alternative for the future of this country, republicans will win across board. if we do not do that the, if we get distracted, if we focus -- the election on the past or side issues, then i think the democrats are going to be win again. stuart: don't look to the past, that sounded like a donald trump swipe to me. what do you make of the status of the trump-desantis debate?

>> you can see clearly that governor desantis the has decided he's going to put his message on winning. as he understands what do americans love more than anything? if winners. he wants to show that he is a winner and that he won a big re-election last time. and that's going to be the center of his message as he and president trump suck up all the oxygen and, quite frankly, or right now most of the money where donors are putting their investments on who they think will be do our nominee. those two are taking up all the room. stuart: they are. >> now, if desantis 12u78 bls or president trump stumbles, it gives another candidate a chance to step up, but right now this is a two-person race. stuart: and trump's way out front at the moment, would you agree with that? >> there's no question about that. the question is how much of president trump's supporters willing to consider someone else. numbers suggest maybe that's somewhere in the 20, 30% of his votersed who would consider someone else. stuart: at the end of the day, will you headache the forecast

that trump is the republicans' candidate? >> i'm not going to the say that today. we have a long way to go, stuart. think about -- we've had through these processes many front-runners who maybe got there, maybe didn't. if you're going to put money down, certainly president trump's a good one to put money on, but there's no guarantees in this business. stuart: real fast back to biden, i've said several times times on the show that at some point before 2024 the's election, senior democrats will say to the mr. biden, it's time for you to go. am i way out of line? >> you're not. and you saw it today even in the "wall street journal" where doug schoen has a column saying michelle obama would be a -- but this keeps happening. this isn't just one happening, one time happening. this constantly happens that there's always a new candidate's name floated, what if biden decides not to do it, maybe we could have this person. chem kuralts want someone else e else, no one is seizing the opportunity, unfortunately. stuart: can you imagine fight if

somebody did say, mr. president, it's time for you to to go. >> i'm ready. [laughter] stuart sawrt that's a volcano in our politics. david, appreciate it. thanks so much. back to the market, jason katz with us this monday morning. plain and simple, jason. with inflation coming down a little, would you say that the fed's strategy is working? >> perhaps. [laughter] so on one hand, stu, you have ten rate hikes. but on the other hand, you have twelve sequential better inflation privileges. you have employers holding on the their work workers and employees reentering the work force. after a 20-year bear market for pay, wages are finally going up for those that need it the most. it's the one-off that are taking the brunt of the layoffs or trading down where they dine, where they shop. this has been not this tsunami

of an economic slowdown, it's been a slow motion economic slowdown. the bottom line is the forecasted category one recession, it just may end up being a tropical storm. stuart: interesting. goodies 2006 there. i see -- good distinction there. before we went on the air this morning, there was a lot of talk about a bipartisan framework for dealing with the debt ceiling. at first the market went up on that. this kind of talk is a plus for the market if there's any kind of deal that might be coming down the pike. that's a plus. >> the number one question i'm asked, the number one issue by my clients is the debt the ceiling. it's not inflation and it's not thed med -- the fed. take a brief step back. the fed is cone. st there's no more rate hikes. they may talk tough but they're done. we have a strong downward arc in inflation, so the focus is on this debt ceiling debate. so congress, the white house, they are keenly aware if they

don't reach an accord it's not only political suicide, it's going to be the an economic and financial clam i. and so -- calamity. and so biden knows his re-election, which is already tenuous, is going on the really in jeopardy especially with his approval ratings so low. so this is critical for his campaign. so what it's going to take is getting closer to this so-called x date, and any adverse market reaction will put pressure on negotiators to craft a deal. so the bottom line is we expect a deal, we expect it in the 11th hour. there will be some credibility lost, but i think a deal gets cone and the market gets past issue -- done and the market gets past this issue. stuart: you save save the best for last. jason katz, always good. thank you very much for joining us. >> thank you, stu. stuart: now we're looking at the movers this morning, and microsoft is moving. i like that. susan: are they moving?

lauren: the market is going up and down, and microsoft is a member of the dow. s it is the big news. i would say one down, two to go, if you will, because the e.u. antitrust regulator has cleared microsoft's $69 billion activision blizzard deal. this is important. microsoft made a major concession. they offered a 10-year free license to european consumers so they could stream all games for free for a decade. the u.k. three weeks ago vetoed this deal. microsoft will appeal that. next up is u.s. the federal trade commission ising holding an evidentiary hearing in august. so this still has legs, but right now winning the e.u.'s approval is a big deal. stuart: i'd love to see them take activision blizzard and put a.i. into games and really soup up the whole -- lauren: oh, that would be so aggressive, i would say, especially for that teenage boys. stuart: you've got to tell me

about shake shack and their activist investor. lauren: engaged capital is that activist. they're planning a proxy fight for three board seats. they want a shake-up at shake shack. shake hack reported a loss, and the stock is half of what service the at the end of 2021. stuart: tell me about baidu. lauren: they report tomorrow, we'll get more information about what they do with their ernie chatbot, that's what they call it. advertising should be okay because the chinese consumer has come back bigtime. stuart: and there's the stock, up 5%. louvre. lauren: look at that. stuart: homeless veterans reported being kicked out of their hotel rooms to make room for illegals about who the hours north of new york city, and we're going to take you there. a top intel official says the cia have no evidence that hunter biden's laptop was russian disinformation. that didn't stop more than 50 people there from signing a letter to publicly discredit the

leaked e-mails. we'll have that for you. plus, miranda divine has the latest on the hunter biden saga next. ♪ ♪ why you want to give me the run-around again. ♪ and a surefire way to speed things up -- ♪ when all it does is slow me down ♪ mara, are you sure you don't want -to go bowling with us tonight? -yeah. no. there's my little marzipan! [ laughs ] oh, my daughter gives the best hugs! we're just passing through on our way to the jazz jamboree. [ imitates trumpet playing ] and we wanted to thank america's number-one motorcycle insurer -for saving us money. -thank you. [ laughs ] mara, your parents are -- exactly like me? i know, right? well, cherish your friends and loved ones. let's roll, daddio! let's boogie-woogie! we got the house! you did! pods handles the driving. pack at your pace. store your things until you're ready.

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to help soothe sore muscles in your feet, legs, and back. a kohler-certified installer will install everything quickly and conveniently in as little as a day. they made us feel completely comfortable in our home. and, yes, it's affordable. i wish we would have looked into it sooner. think i might look into one myself. stay in the home and life you've built for years to come. call... to receive a free kohler® toilet with the purchase of your walk-in bath. and take advantage of our special financing, no payments until 2024. ♪ ♪ stuart: made in america, i like that. toby keith, i like him too. that that's capitol hill, 69 degrees. it's mid-spring. now this. a former top intelligence official says there was no evidence that the hunter biden laptop story was russian disinformation. oh, that's news.

miranda devine joins me. she's been on this story since the very beginning. so, miranda, did the cia know it was not russian disinformation? >> well, they certainly should have known because we had john ratcliffe who was the director of national intelligence came out on the very morning that that dir i think -- dir i think 51 letter, that dishonest letter claiming the laptop was russian disinformation was being cooked up by michael morrell, john brennan and the other 51 mostly cia operate is or former operate is, and john ratcliffe came out and made a declarative statement that it is not russian disinformation, there is no intelligence to show thats. that it is. he came out -- he was forced to, really, by adam schiff who ever since our story had come out the previous week about the laptop

and joe biden's involvement in his family's influence-peddling scheme adam schiff, you remember, who was then the chairman of the house intelligence committee was fanning out across msnbc and cnn claiming that it was a kremlin plot, that our story came straight from vladimir putin, that it was russian disinformation. that was a lie. he made it up like a lot of other things he made up, and that's why john ratcliffe came out. twelve hours later that letter from the dirty 51 was published in politico. so they knew better. they knew it was a lie. stuart: that's what i wanted to hear, they knew better, they knew it was a lie. miranda, i'm sorry i'm so out of time, but we always appreciate you being on the show. thanks very much, indeed. all right. >> thanks, stuart. stuart: a group of conservative leaders wants to limit george soros' influence on politicses. all right, ashley, come on in. who are they and what are they doing? if. ashley: yep. they're all around the world.

let's take a look at the top five anti-soros political leaders who are fighting back. let's go to poland. a pro-u.s. conservative leader of the populist law and justice party that accuses soros of trying to destabilize the country by funding opposition groups and promoting liberal values not just here in the u.s. talking of which, here in the u.s., ron desanti or s blames soros for pushing liberal agendas on children and undermining haw and order. he's fighting back there. in albania, a u.s.-educated moderate conservative involved in a political race that will be key to unseating the socialist government, but his opponent, yep, he's a soros prodigy from from a socialist party. meanwhile in italy, prime minister georgia maloney, she's accused soros of funding ng go to encourage mass migration to

try to undermine the traditional values of eyal january society. and -- italian society. and in france, an up and coming member of the republican party is calling out soros for undermining national sovereignty the by again promoting mass migration to to europe. those who know soros say he likes to foment chaos. why in because he believes that only by upending the status quo can a more perfect liberal, globalist society emerge. there are people fighting back, stu. stuart: i'm very glad to hear it. thanks, ash. check those markets again. why not? now it's all green. we opened all green, then we went to all red, now we're all green again. the dow is up 2 -- no, it's not. [laughter] now the -- lauren: it's making a liar out of you. stuart: i should just be quiet. i'm not going to to talk about the cow. the nasdaq's up 47 points. that is up 47 points, it's. and the s&p's up 4 points.

show me big tech, please. lots of action there today. apple is down a fraction, amazon's up, meta is up $4, that's nearly 2%. significant gain there. and there is some progress in britain with microsoft's takeover of the game player, th- lauren: activision blizzard. stuart: some progress there, and microsoft is up to 309. some tech experts have an urgent warning about a.i. in the next election. all right, ash, what's big concern for the next election? ashley: fake news. a.i. cannot only produce targeted campaign e-mails, texts or videos, it also could be used to mislead voters, impersonate candidates and undermine elections on a massive scale. automated robocall messages in a candidate's voice instructing voters to cast ballots on the wrong date. how about audio recordings of a candidate supposedly confessing to a crime or expressing racist

views? or video footage showing someone giving a speech or interview that they never actually gave. in fact, it's the already happened. including a doctored video of biden appearing to the give a speech attacking transgender people. didn't happen. cybersecurity experts say weaponized a.i. could have a major disruptive impact many 2024. -- in 2024. stu. stuart: well, the examples you gave there certainly suggest there could be real trouble from a.i. in the election. ashley: oh, yeah. stuart: that's not good. back to you later, ash. thank you. the new head of twitter is breaking her silence. linda yaccarino says she's looking forward to building twitter 2.0 with elon musk, but it turns out she used to be a big musk critic. we're on it. a county outside new york suing new york city's mayor. they want to stop him from sending busloads of migrants their way. are clashes coming? we're on it. ♪ take it to the limit one more

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stuart: why are you laughing? lauren: i love this song is. i wasn't expecting it. stuart: i've never heard it before. rupaul, that's a beach in florida, navarre. don't know the propronunciation, that is the beach. in florida. take a look at this, this is important. martha stewart is this year's "sports illustrated" swim wear, swim suit cover model. lauren: wow. stuart: she's 81. the oldest person ever to grace the cover. a that does not bother martha. she say, and i'm quoting, age is not the determining factor in the terms of friendship or is success, but what people do, how people think, how people act. that's what's important and not your age. end quote. oh, well said, martha. check the markets. [laughter] lauren: she looks fantastic. stuart: they're all laughing at me. susan: if martha can do the "sports illustrated" swim suit edition at 81, what can stuart

do at 75some. stuart: i want you to tell us about the new sea owe at twitter, linda yak rio -- yaccarino who happens to be a musk critic, as i understand it. susan: oh, i wouldn't e say that. elon musk, we know it's the official, nbc universal's former ad boss will focus primarily on business operations and he will focus on new technology. yaccarino confirming this weekend that i'm excited to help bring this vision to twitter and transform this business together. now, transform is the keyword there. so what changes can we expect to the to the social media site? some clues possibly from the yaccarino and musk on stage back and forth earlier the year at an advertising summit where yaccarino asked musk if advertisers should be able to the influence content on twitter. >> if i were to say, yes, you can influence me, that would be with wrong. that would be very wrong. that would be a diminishment of freedom of speech.

>> product development and -- >> yeah, sure. >> -- contented moderation. that's to what the influence is. susan: she did go on to clarify it's more of an open feedback loop for advertisers to feel excited about investing many twitter. in my conversations with people who have worked with yaccarino, she is wellrd regarded inside. they refer to her as the vick name velvet hammer -- nickname vel velvet hammer, and there's also been questions about her politics and if thaw align with elon musk's. sources at both "the new york times" and "wall street journal" say that yaccarino lean conservative and aligns with musk on free expression. also remember she joined then-president trump's white house council on fitness and nutrition while also part of the world economic forum's task force on future of work including vaccination programs. she's got a tough job on her hands as you can imagine according to many people on wall street in trying to bring back a company who's lost 50% of their his thing sales since musk took over -- advertising sales. not an easy job.

stuart: that's very interesting, she leans conservative and now she's running -- susan: businesswoman through and through. stuart: thank you, susan. now this, at least three more buses full of migrants arrived in new york city this weekend. now it's the up to the mayor, new york mayor eric adams, to find a place for hem to live. lydia hu joins me. she's at a hotel about two hours north of new york city. that hotel kick homeless veterans out to make room for illegals. have i got that right, lydia? >> reporter: yeah, stuart, that's right. a local lawmaker tells me that 15 homeless veterans were evicted from this hotel, 20 homeless veterans in total across three hotels to make room for about 60 male migrants who are being transported from new york city to up here, the suburbs in orange county. i am also told that those homeless veterans have been placed in new temporary housing in other hotels for now. but orange county last week sued the city to stop the city from

using hotels here as a shelter for migrants. the orange county executive, stephen newhouse, pointed to new york city's sanctuary city designation as the reason why mayor adams should keep migrants in the city. in fact, service the during his campaign to be mayor that mayor adams promised to keep the big apple a sanctuary city. but now we have new adios that concern audio that's being sharedded with fox business showing that mayor add also had a conversation with local new york county executives apparently trying to distance himself from the city's sanctuary city city policy. listen to this. >> law of sanctuary city was in place long before i became mayor. i'm following the law. as a law enforcement person, you know we follow the law. we're now in court now, today, asking the judge to revisit this law to deal with this humanitarian crises because even when they decided to put in place that law, no one thought that they would be dealing with

a humanitarian crisis of this proportion. >> reporter: now, the mayor's office tells us that they are not in court, they have not asked a judge to revisit the sanctuary city the policy. essentially, they say the mayor misspoke. but, stuart, these comments from the mayor shed new light on possibly mayor adams' thinking that maybe the sanctuary city policy of the big apple needs to be revisited in light of this migrant crisis which would be a change in policy for him. we're continuing to do some digging around this, and we'll continue to bring the very latest from here in orange county. back to you. stuart: end the sanctuary city situation? you think? [laughter] oh, boy. thank you, lydia. more from you later. joining me now is steve newhouse, the orange county executive who filed the lawsuit against the mayor and the hotels. mr. newhouse, if the mayor sends more migrants to your county, will the police stop them? >> good morning, stuart.

unfortunately, no. i think that's what he's trying to do, is bait us into doing some type of george wallace situation, and the state police, the sheriff's office and the town police have given the migrants and the people that are with them the emergency declaration that they shouldn't be here, but they've been ordered to run are to the hotel rooms. stuart: so what are you going to do? they're just going to keep on coming. what are you going to do? >> we're waiting, hopefullied today, to except a temporary restraining order from the supreme court. we're in front of a judge right now, we're waiting for her to make a decisioning which would help us. but we're really on our own, and county executives across new york state are taking precautionary action like me, but it is a tough the situation and, unfortunately, seeing people like our veterans kicked out of the hotels in exchange for homeless migrants in new york city. stuart: we have another situation where an engaged couple, going to get married in a couple of weeks, they booked 30 hotel rooms, and they just had those reservations canceled

to make way for illegals. now, this just ain't right, and i can't imagine this continues to go on without at some point clashes over the migrants. >> that is our biggest concern. i told the governor last week that we have no information, stuart, on who these people are. do they have ids? have they been vetted? my community is up in arms about this. and really we're getting zero answers from new york city. you heard what the mayor said about being a sanctuary city but maybe not, he's not sure. they give us no information. and as the emergency management side of the house, it is completely disturbing, and and it is very frustrating. we expect that relief coming from the judge hopefully in the next day tops. stuart: who's, at the moment, who's paying for the migrants in the hotels in your county who? wonderful question. new york city's paying the bill, but i think that they're going off of what new york state did a week ago. the governor passed a billion

dollars? spending for this immigration crisis, so i think that's when this all started. as soon as that passed, new york city started booking rooms upstate new york. so i think they're going to try to get part of that money and use that to reverse it. but right now it's all new york city. stuart: so a great deal depends on today's ruling from the judge as to whether or not you've got to keep on taking them. steven neuhaus, thank you very much for being here. we appreciate it. we'll follow up because we want to see what's going on here. >> absolutely, thank you. stuart: now this, a cbs news segment claims eating bugs could help fight climate change. roll tape. >> to to have to more sustainable production of proteins, we need alternativeses, and i see insects as a perfect tool. stuart: okay, we'll deal with that, i promise. taylor swift fans shelling out big bucks for concert incompetents. right now the cheapest seat for friday night's show is over $1400 on stubhub.

that's before fees, parking, merch or anything else. fans say it's the worth it. lauren has story and the report of after this. ♪ 'cuz the players gonna play, play, play, play -- and the haters gonna hate, hate, hate, hate. ♪ baby, i'm just gonna shake it off. ♪ from big cities, to small towns, and on main streets across the us, you'll find pnc bank. helping businesses both large and small, communities and the people who live and work there grow and thrive. we're proud to call these places home too.

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i spent thousands on other diets that didn't work. on golo, i spent a couple hundred bucks and got back down to my high school weight. you're not gonna believe this thing is possible but it is. ♪ ♪ stuart: that is santa monica, california. it doesn't look great right now, does it? looks like the june gloom which arrives next month. kool and the gang. all right. st the 60 degrees on that beach right now. that's not very warm, is it? two new episodes of "american built" air tonight. here's a preview of dodger

stadium. roll it. ♪ ♪ >> what defines a stadium is, number one, i believe the setting and the architecture. number two, the history that's created within the body of the venue. stuart: a controversial call -- >> when walter o'malley left brooklyn, he left brooklyn. >> there was no team west of kansas city. stuart: a swing for the fences. >> he believed in what he was doing. stuart: bigtime challenges and major league solutions. >> they were literally moving mountains to make this happen. >> just imagine over 20,000 pieces of concrete -- >> only in southern california can you get away with something like that. stuart: how they built the cathedral of baseball, dodger stadium. you could do it many years ago, i'm not sure you could do it now. two new episodes of "american

built "tonight. codger stadium, 9 p.m. eastern -- dodger stadium, the stinger missile, 9:30 eastern only on fox business prime. all right, now this, you remember the taylor swift-ticketmaster fiasco, i think that's a legitimate expression. well, the drama surrounding her latest tour has now ended. lauren: i'm just glad my girls aren't into taylor swift yet. the problem is the prices are way up. you go to a concert, for philly this past weekend, you want a bottle of water, $10. a beer is $20. stuart: $20 the? lauren: yes. even the econolodge near the stadium just outside boston this coming weekend costs $450. is so you want to park your car, there are free lots, hay do fill up, so you can prepay for a spot a mile away, that's selling for $113 and up. this is swiftonomics.

it's the ticket, the makeup, the outfits, the merch, as you say. an official taylor swift concert t-shirt is $45, the hoodie is $75. and lines to buy this gear were one hour long even though most of the stuff is available on the web site. and then if you look outside the stadium, you see crowds, 20,000 people strong singing along to the songs becausest it was free for them just to show up and show their excitement. so all in, this is a 20 the-city, 52 the-night eras tour. it's expected to bring in as much as $1.6 billion. do you remember the other taylor, taylor swift, our former guest creatorsome if. stuart: no, go ahead. lauren: she told us her mom just bought her sister and her tickets, three tickets, $7500 on subhub for may 8th -- stubhub on may 28th at metlife, they can pay for parking, they don't need

a hotel room. three tickets, $7500. and who's going to these concerts? teenager girl -- teenage girls and 20-somethings with their parents. so that's why i started this segment -- i love taylor, but my children aren't into her yet, so i get out of this this. stuart: i have grandchildren who are, and i believe they're going to that concert outside boston. lauren: fortunate nately for you, you got the presale tickets. stuart: i did. and i'm not buying $20 the beers. unbelievable. i'm going to move on, lauren. this is really killing me. the digital media company vice has filed for bankruptcy. ashley, that that's quite a fall for them. weren't they worth, what, $6 billion at one time? ashley: that's right. about $5.7 billion. that was back in 2017. oh, but after years of financial struggles, vice media has, indeed, filed for bankruptcy protection as it tries to

moral -- formalize a sale through a group of members that includes the soros fund management. the lenders will reportedly provide ab $2 the 25 the million in the form of a credit build for the company's assets and also assume significant liabilities. now, under a current bid creditors can swap their secured debt rather than paying cash for the company's assets. the bankruptcy filing comes during a very challenging period for several tech media companies as they've been forced to downsize is because of a turbulent economy and a very weak appetizing -- advertising market. just last month buzzfeed announcedst the shutting down its online news division or about 15% of its work force. a sign of the times. my, oh, my. stu. stuart: my goodness me. thanks, ash. show me the dow 30, please. figure out a sense of the market. well, that's a split market if ever i saw one with. it's almost exactly half up, half down. the dow is down 30 points,

33,200, that's where we are. climate czar john kerry says agriculture accounts for a third of all greenhouse gas emissions, but farmers -- oh, they're calling foul. they say he's dead wrong and heir sicced -- they're sick and tired of regulations. jeff flock has the farm report after this. ♪ i want somebody to speed it up for me, then take it down slow. ♪ there's enough room for both. ♪ well, i can handle that, you just gotta tell me where it's a- ♪ are you ready to go? ♪

♪ i wanna hold you forever ♪ hey little bear bear. ♪ ♪ ♪ i'm gonna love you forever ♪ to have and to hold from this day forward. ♪ you don't... ♪ c'mon, bear. ♪ you don't have to worry... ♪ ♪ be by your side.. ♪ ♪ i'll be there.. ♪ ♪ with my arms wrapped around... ♪

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are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. stuart: climate czar john kerry, he's going after the farmers because farms emit too much greenhouse gas. jeff flock, well, he's at a farm in new jersey. all right, jeff, tell us all what kerry wants to do to the farmers. >> reporter: i don't know, i have at times been accuse of emitting too much greenhouse gases myself, but you're watching the farm in action right here. this is long valley, pennsylvania. you're watching planting going on right here. [laughter] i've got a fifth generation farmer standing with me here, nicole. your folks came to this part of the country in 2016.

john kerry says you're not green enough. what's he want from you? >> i think agriculture is very green, and as farmers we're most invested in keeping the land sustainable, keeping it viable for future generations, and everything we do is, you know, environmentally -- that that's always at the top of our mind. >> reporter: i want you and stuart to listen to what john kerry had to say last week at a conference in washington. sounds like you're not doing enough. listen to the how he put it. >> a lot of people have no clue that agriculture contributes about 33% of all the emissions of the world. we can't get to to net zero, we don't get this job done unless agriculture is front and center as part of the solution. >> reporter: can you go any greener than you are? can you make this planter and tractor an electric vehicle? >> so as far as going electric9

with the tractors, the concerns that i have, are they able to be efficient enough with keeping up the battery life and and having enough horsepower for us to be able to feed the nation in an economic, affordable way. >> reporter: well said out here on the farm, mr. varney. i know you're a farmer yourself and, well, you're pretty green. aren't you a pretty green guy? i think you are in terms of your farming. stuart: yes, i am. i am, indeed. thanks, jeff. let's move on now. joining me now is cope copenhagen consensus president, bjorn lomborg. he's written a new book, and it's called "best things first." bjorn, welcome back to the program. we value your opinion. in your opinion, do we need to the restrict farming on a vast scale? >> so what john kerry is telling us is that a third of all emissions come from farming. most of that is in developing countries. and remember, what is it that is also mostly in poor part of the

world? it's a lot of people starving. there's something fundamentally wrong about saying, look, there's maybe 750 million people who are starving, but we need to make it harder to do agriculture. no. and again as what we've said many times before on this program, the solution is focused on innovation. first of all, most people it actually matters a lot more to get cheaper and more food so you can feed your kids. that's not what john kerry's pushing for. secondly, if you focus a lot more on innovation, that's what's in my new book, that's one of the 12 the great things to do for the world. with -- if we innovate to produce more at lower cost, it actually also helps the environment because it reduces climate emissions because you don't need to cut down a lot -- stuart: your position, i understand, is that the current solution to the climate problem is not going to work, should be withdrawn, and we should be spending the money that we're

spending on what we're spending it on now on innovation, technology. that's where you want it to to come from. >> absolutely. so, look, stuart, we should bota problem, but we should do the through innovation, get better green technology. but my new book is actually the about all the other problems that are also facing the world. remember, people still chi from infectious diseases. there's no good education in most of the poor part of the world and on and on. and all of these problems have smart solutions as we just talked about. for agriculture, this is really about getting more innovation especially for the world's poorest, for sorghums and all these agricultural products that don't get a lot of funding because they're not grown in rich countries. those could be better, cheaper, more effectively produced, more production, lower price and lower co2 emissions. what's there not to like? you're start of barking up the wrong tree by saying, oh, it's

all about co2. stuart: you just make far too much sense. bjorn lomborg, thanks for making sense on this program, we appreciate. more "varney" after this. . .

stuart: bridge in america, pennsylvania, virginia, new york, delaware? the answer is in my opinion pennsylvania. i got it right. time's upfor me. "coast to coast" starts now.