tv Varney Company FOX Business May 25, 2023 11:00am-12:00pm EDT
11:00 am
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!
11:01 am
>> we have been losing eminently winnable elections. we'ved had the wrong tactics and in many cases the wrong leadership. let's look at the success story who has bucked that unfortunate trend. it's the state of florida broadly, and it's it's ron desantis. >> if we're playing for the long term, you want to own this percent next several years. and it's going higher than 400, higher than 600. >> new-sers -- investors trying to get exposure to a.i., wait for an opportunity to get into nvidia later on or look at other names that aren't so expensive. ♪ ♪ we're an american band, we're an american band -- ♪ we're coming to your town the, we'll help you party down ♪ stuart: sports pans, grand funk
11:02 am
railroad. we're an american band, i like that. 11:00 eastern time, may 5th. that is the intrepid museum on the hudson river. and it's it's fleet week in new york. thousands of navy sailors and coast guard people are visiting. many of their ships are open to the public. thousand you know. lovely site. -- sight. the dow industrials are in the red, down 50, not that much. but the nasdaq shows a very nice gain of 182 points. that's largely because nvidia, which is up 25%. check big tech, please. all of them are up except for amazon, which is down 1.5. but microsoft powering ahead, it's it's up 3%. that's nearly $10 a share to the upside. alphabet, that's another a.i.-related stock these days, it's up 2%. meta the is up 1 percent and apple moving up just 63 cents. how about 10-year treasury yield? keeps going up, you're at 3.# 7 right now. -- 3.# 77 right now.
11:03 am
and now this. threat is not that america defaults. the threat is that our debt is downgraded. in plain english, that means we're not so sure that we can pay our debts. it's like our credit score goes down. that's not good. it's the started already though. fitch is a rating company. it measures risk, and they think america is getting riskier. they put our credit on credit watch negative. again, in plain english, they think we're borrowing too much. if there is a downgrade, it's biden's downgrade. he won't cut spending, and the country is against him. a cnn poll, 59% think biden is not acting responsibly on the debt. a monmouth poll, only 34% approve of biden's debt can ceiling stance. "the washington post," quote, democrats' worry grows over white house approach to debt talks. this is something new. who would have thought voters
11:04 am
would not approve a president spending like a drunken sailor. that's the bread and butter of democrat politics. democrats spend and buy votes. this time around it's not working. will be what happened many within? obama was president, insisted on spending a ton of money. moody's cut our gold standard aaa rating. they didn't think we could handle what was then a near $15 trillion debt. now it's $31 trillion and rising. and if biden has his way, we'll soon be spending a trillion dollars a year just on interest. no wonder fitch puts america on notice. it's time the president crease the directly -- address directly, but don't hold your breath. he's off to camp david this weekend. third hour of "varney" starts now. ♪ ♪ stuart: florida's governor dedo sanities says if he's elected,
11:05 am
fbi director wray is out on day one. roll ape. roll tape the. >> i would not keep chris wray as director of fbi. there'd be a new one on day one. in terms of an attorney general, you need someone that's got a really strong backbone. if you're going in there and you're taking care of business, the washington post is not going to the like you, new york times is not going to like you. you're going to the get attacked by cnn, and you've got to the wear that as a badge of honor. you can't try to please polite society because otherwise you'll get captured by the institution itself. stuart stuart ben.com flesh -- ben domenech joins me now. he's talking about getting rid of the fbi director on day one, christopher wray. that is exactly what republicans want to the hear, isn't it? >> i do think that it's exactly what republicans want. and it's also, you know, in so many different ways what desantis is doing is implying that his approach would be different than former president trump's when he got into office.
11:06 am
there are a lot of republicans, and i'm, you know, along with them, someone who agrees that on day one james comey deserved to be fired, that donald trump should have, as soon as he got into the white house, said you're out. for all the different reasons that we had at that point believed he ought to be out. that was a huge mistake in retrospect and, ultimately, it was one that would lead to his efforts in the white house being hampered for years to come. and i think that, you know, clearly ron desantis wants to avoid that by dealing with an fbi director who clearly has been operating in a way more designed to protect the bureau than actually get to the bottom of a lot of big questions. he's allowed them to the engage in all manner of activitieses that are certainly very concerning for keys across country, you know -- conservatives across country both on culture war issues and investigating people who are part of religious groups. it's one of these things where i think it's a very clear message to say when i get in there, i'm going to have someone who is not
11:07 am
going on the liked by the media establishment, and that's a good thing. stuart: there was quite a few glitches this his twitter presentation with elon musk. do you think that hurt his image as a guy who can get things done, he's well prepared, he's moving forward into the future? does that hurt him? >> i think it hunters twitter's image more than it -- hurts twitter's image more than ron desantis' image. [laughter] one thing that'sed odd about this, stuart, is you can do both. you can do the big rollout and then do manager like the twitter space. i think that would have been a much smarter approach, though i do think in this case those kinds of glitches are not going to be something we're talking about a week from now. the real test is once he gets out will on the campaign trail, he's meeting people, interacting, focused on this early state strategy in iowa and south carolina and nevada and new hampshire, those are all things that i think are going to be the real test for him going forward over the coming months as we await that inevitable clash that we all see coming on
11:08 am
the debate stage. [laughter] stuart: yes. we all see it. some of us can't wait for it. >> i'm among them, stuart, i'll admit it. [laughter] stuart: do you think desantis last night, did you think he won over any trump voters? >> you know, i don't know about that yet because i think it's one of these things where you have to see things work out. but one thing that i do think is key about his approach is going to be issue of immigration. he gave some great responses on that both on twitter space and i think to trey gowdy and others. we all know that ron desantis is going to get the anti-woke vote, he's going to get a lot of the people who were furious about lockdowns and witched president trump had done -- wished president trump had done more on them. can he get e the voters who believe he'll be able to finish the wall? brian kilmeade's statement, is he going on the able to say i'm going to take these issues where i think president trump is right, and i'll actually be able
11:09 am
to to deliver on them because i mow how to get things done politically. stuart: do you think both desantis and trump could beat biden? i do. >> i absolutely do. and and i think that, you know, they really are, i think, you know, in positioning themselves and sort of relatively similar strategies except for this: i think that ron desantis and his family, his image overall has a better shot at getting back some of those suburban voters who may be turned off over the years by some of donald trump'sing activitieses, people who certainly were key in the last election in terms of damaging republican hopes in a lot of different suburban areas. that's something that i think that desantis has in his back pocket that he can kind of roll out there, especially for those of us who would like to see us moving on from a generation that has really been in control of american politics for a very, very long time. stuart: okay. ben domenech, thank you, sir. see you soon. >> good to be with you. stuart: check the markets, please.
11:10 am
stock of the day, ain't no question about it, it is nvidia. at thesst the up about 25%, a gain of $200 billion of value in that one company in one day. gary kaltbaum with us this morning to watch the market for us. what about -- [laughter] has the market bought the next big thing, a.i., and they see the champion of a.i. in unvid ya? is that the story? -- nvidia? >> well, let me give you the number one rule of the shop in stocks, and has the stronger the better, the the longer the better, and that's earnings and sales growth. and nvidia just had a major acceleration of both. and that's what counts most and the fact of the surprise, a gargantuan surprise. and now you're going to have all the big institutional crowd that's not positioned getting in. i am pretty darn sure the stock is going much, much higher. as long as the it's not a one-quarter wonder, and i'm pretty sure that this is not -- it is not.
11:11 am
the good news is for those that don't own it, i think a lot of the market's in for it in the next couple quarters. i think there are a lot of areas that are breaking down. that may halt the stock for a little bit and just settle it down. but ultimately, a couple of more quarters like this, look out, it's got much higher prices to come. stuart: that's fascinating. you say other areas of the market are breaking down, as you put it so the gains are restricted to just after half a dozen big name tech stocks. rest of the market not doing well. is that where we are? >> student -- stuart, look at the nasdaq and the nasdaq 100 today, up huge. advance declines on the nasdaq are more than 2 to 1 to the negative. s a narrowing group of stocks that are doing the trick, and that's just fine as long as you own them, and we know which ones they are. they're the semiconductors, the a.i.s and other technology. but other areas many real bad shape here, especially economic areas that are pretty much saying right now something up
11:12 am
with the economy. when it comes to to nvidia, whatever heir doing the market is in huge demand few -- for, and that's what counts most. one characteristic of every great stock in history is strong earnings and revenue growth. and, again, let he repeat, the stronger the better, the longer better, and this one is a big one. stuart: yes, it surely is. okay. gary, thanks a lot, sir. i know it was short, but it was good stuff. gary kaltbaum. see you soon. lauren's back with the movers, and i want to start with target. lauren: they're down 2.33%. they've been bud lighted. some customers boycotting them over rollout of their pride collection. target has been releasing it for a decade, but it got a little more controversial year. this boycott has erased about $10 billion many if market cap in the past week from target. stuart stuart spread e to them. got it. adobe. lauren: ah, the a.i. theme.
11:13 am
they're up 7%. they're bringing a.i. into their poe to shop tool. is so can be foe to shop tool -- photoshop tool. aide pay anything for that, actually. stuart: here's a stock which has no relationship to the a.i., ralph lauren. lauren: not yet. people continue to spend money. the stock is up 7.5%. overall, surprise rise in quarterly revenue. china sales up over 30%. stuart: there you go. all right, thanks, lauren. now this, college enrollment is sliding. universities have not bounced back to the their pre-pandemic levels and numbers. young people are not sure if a 4-year degree is worth it. we'll cover it for you. migrant children can enroll in chicago's public schools without documentation. but legal american kids still need all the right paperwork. kind of double standard and taxpayers are fed up.
11:14 am
we've got that story. black lives matter at risk of going bankrupt according to financial disclosures. the group ended last year almost $9 million in the red. blm used to be a corporate darling. not now. delaware i roy murdoch takes it on next. ♪ ♪ with a majority of my patience with sensitivity, i see irritated gums and weak enamel. sensodyne sensitivity gum & enamel relieves sensitivity, helps restore gum health, and rehardens enamel. i'm a big advocate of recommending things that i know work.
11:16 am
and i remember kind of thinking like, "oh my gosh, i think we could be sisters." because i think we looked... yes. right. yeah. and i don't think at that time- i think you're the one to tell me that we had the same birthday. yes. it's really unbelievable when you think about it, because it's been, like, really over 20 years that you were my mother and father's banker, you became my banker and now fran is in her third year of college and you're her banker. it's so unbelievable because i'm just 20 years old. [laughing]
11:17 am
when people come, they say they've tried lots of diets, nothing's worked or they've lost the same 10, 20, 50 pounds over and over again. they need a real solution. i've always fought with 5-10 pounds all the time. eating all these different things and nothing's ever working. i've done the diets, all the diets. before golo, i was barely eating but the weight wasn't going anywhere. the secret to losing weight and keeping it off is managing insulin and glucose. golo takes a systematic approach to eating that focuses on optimizing insulin levels. we tackle the cause of weight gain, not just the symptom. when you have good metabolic health, weight loss is easy. i always thought it would be so difficult to lose weight, but with golo, it wasn't. the weight just fell off. i have people come up to me all the time and ask me,
11:18 am
11:19 am
couldn't it? that is new york city. it's 58 degree can, the sun is shining and it's fleet week. lots of military folk miss new york right now. black lives matter reportedly close to bankruptcy. turnses out heavy been giving huge contracts to friends and relatives, and they've been buying lavish real estate. deroy murdock with me. american corporations have egg all over their face. they were just giving them money left, right and center a couple years ago. now what? >> well, they really should demand hair the money back, for one thing. it started off as black lives matter and ends up as blacks love mansions. this whole thing started off as a neo-marxist, often violent protest movement, and it's the ending up as a real estate investment trust. they took this money from corporations, went out and bought mansions in the hollywood hills, put their friends and relatives on the payroll, one got $2up.6 million for personal secure. -- 2.6 million for personal security, so they turned this thing into a slush
11:20 am
fund. corporate america really got ripped off. stuart: i don't think corporations realized what black lives matter's fundamental message was. they're socialists if not marxists. >> oh, they're very open about it patrice cull losser calls herself a marx ifist. stuart: so why did american corporations, they like profit -- >> after the george floyd riots and all that chaos, they thought let's jump on the band wag gone, hay didn't do any, as they so often do in these cases, due diligence, and they just started handing over money. those who didn't, oh, you're a racist. okay, we'll send you a check. a lot of them just jumped on the bandwagon, and these people are putting money into social justice causes, you might agree or disagree, but this thing turns out on the fraud, and i really hi the attorneys general across the country ought to file fraud charges against them for the massive, multimillion dollar bait and switch. stuart: what about the politicians? i don't know specifically which which one, but i do remember a
11:21 am
series of politicians saying, ah, black lives matter, wonderful people. >> obviously the squalled, the far left, even mitt romney jumped on the bandwagon -- stuart: did he? i missed that. >> he was out marching with demonstrators at one point when all that chaos gross was going on -- chaos was going on. stuart: they're close to bankruptcy, because that change the racial dynamic in america? because that was a big mistake. how about the future? >> well, i wish. look, if blm shuts down origin the, you've9 estimate still got -- you've still got the critical race theory people, dei, people going after corporations for for saying you've got to put all this money in esg standards and diversity standards, and if you're a white person, you're a racist, if you're a black person, you're oppressed. the entire left is fully invested in. they used on the about tax and spend. now it's the about fomenting racial chaos in this country and
11:22 am
creating as acrimonious situations as possible. this is kind of their new way of thinking. stuart: as a black man, how to you feel about hurricane's race relations? i know that's a huge questions -- >> i think things were getting better until about 2008-2010. i thought obama put an end to the all this, it's only gotten worse. if we had racial differences, we used to laugh about them, we're all walking on egg shells and there's this whole idea of, rook -- look, if you're white, you're permanently an oppressive. i'm black, i'm personal -- permanently oppress. the more the pot boils, the happier some people are. stuart: not good. di row murdoch, thank you very much, indeed. always appreciated. do you remember the story we did earlier this week about the university of minnesota? it had a program that was only open to non-white applicants. ashley, i think you've got an update on this story for me. what happened? ashley: i do, indeed, stu.
11:23 am
thaw reversed course. the university of minnesota's web site no longer promoting a summer research program that excludes white students. this after a conservative group filed a federal civil rights complaint. now, a link that previously directed students of color and native americans to apply for the program leads users to a rebranded research program that is no longer race-based. applicants must have a minimum gpa score of 3.0 and be a u.s. citizen or permanent resident. the group behind the complaint joses university should also issue a formal apology and goes on to claim there are ongoing cultural proms at many universities where -- problems at many universities where racial discrimination if is continuing to be viewed as legit9 mate and worthwhile. but the university of minnesota saying, no, we're going to go back on that origin aal plan. stuart: okay. thanks, ashley. we're almost two hours into the trading session on this thursday
11:24 am
morning, and we've got a mixed picture on the stock market. a terrific rally for the nasdaq composite. that's on the back of a.i. stocks like nvidia, but we've got the dow industrials down 114 points. a really mixed position here. if you check out big tech, most of them are up, most of them have an association with a.i. and with nvidia, and they're up. apple, 63 cents higher. amazon's down a bit, but meta is up $4, 1.5%. nvidia, stock of the day if not the year, it's up 25%. now this: tiktok, the latest app to consider an a.i. future. come back in again, ashley. what would a.i. do the for tiktok, and how soon could they roll out an a.i. elementsome. ashley: yeah, let's get to it. it's called taco, and tiktok isest thing the a.i. chat bot that can recommend videos based on what people ask it.
11:25 am
if tiktok widely releases the feature, this chat bot could, quote, radially change search and navigation -- radically change search and navigation in the app. it reportedly sits to the right of video, you tap it, it opens up a chat screen, and it appears capable of answering a wide range of questions, at least that's what the reports are saying. but right now the chat bot is being tested only mt. philippines, interesting, and is not currently available to users in north america or or europe yet. meantime, by the way, chatgpt is up and running after a big outage this morning that lasted just over an hour. openai who offers access to the it through its web site is blaming elevated database cpu usage. i can't even say it, but apparently they've managed to fix it for you. they have a lot of glitch, chatgpt, at least one a month. excessive use appears to be problem today.
11:26 am
stuart: thanks very much, ashley. china is bracing for a new wave of covid infections. some reports he could see as many as 65 million cases every week for the next month? good lord. dr. marty makary has the latest on this new covid wave. he's coming up for you. today we remember the life and career of tina turner, the queen of rock and roll. her family says she died peacefully at her home after a long illness. tina turner was 83 years old. ♪ what's love got to do, got to do with it? ♪ what's love but a second ishand emotion? ♪ what's love got to do, got to do with it? ♪ ♪ ♪ mier card is made for people like sam who make...? ...everyday products... ...designed smarter. like a smart coffee grinder - that orders fresh beans for you. oh, genius! for more breakthroughs like that... ...i need a breakthrough card... like ours!
11:27 am
with 2.5% cash back on purchases of $5,000 or more... plus unlimited 2% cash back on all other purchases! and with greater spending potential, sam can keep making smart ideas... ...a brilliant reality! the ink business premier card from chase for business. make more of what's yours. the new dexcom g7 sends your glucose numbers to your phone and watch, so you can always see where you're heading withtht fingngsticksks dexcxc g7. so easy to use, you can manage your diabetes with confidence. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire
11:29 am
- i take caring for my kitty very seriously. when i found a health monitoring kitty litter, i had to meet the creator. - oh, hi, kitten! - please! call me martha. this litter seriously stops odors and it changes colors. - [daniel] go to prettylitter.com. i've spent centuries evolving with the world. that's the nature of being the economy. observing investors choose assets to balance risk and reward. with one element securing portfolios, time after time.
11:30 am
gold. agile and liquid. a proven protector. an ever-evolving enabler of bold decisions. an asset more relevant than ever before. gold. your strategic advantage. ♪ here's the story of a lovely lady who was bringing up three very lovely girls ♪ stuart: the music, do you remember it? it's the theme song from, of course, "the brady bunch." here's why. the famous home from the 1970s sitcom just hit the market for $5.5 million. you may remember hgtv bought the house a few years ago for a reality show. the cast of the brady bunch renovated it to look just like the set of their show back in the day. the brady the bunch didn't actually film inside the los angeles home, they used a sown
11:31 am
stage. susan: hgtv paid double the listing price back then. the. stuart: you're back with me. you've got to talk about the stock of the day, which is nvidia. go. susan: speaking of premium, $200 billion day so far. this could be the single biggest day in value creation by any company. now, apple's november earnings rally currently holds the title at $190 billion in value in one single session, but we're looking pretty good here for nvidia. not only beating by the widest margin in five years to start the year, but crushing sales guidance this quarter, expecting sales to be 50% better in this continuing, ongoing a.i. boom. and wall street just loved the jaw-dropping results. 21 price target hikes, 1 full upgrade. rosenblatt going up to $600 now for the stock which would value nvidia at $1.a 5 trillion the -- [laughter] if that happens. so that would value nvidia more
11:32 am
than amazon's current valuation if we get there. so today's 25% rally plus puts nvidia just now on the cusp of becoming only theth trillion dollar american -- the fifth trillion dollar american company, already worth eight times intel, and intel actually makes double the annual sales nvidia does. but it'sst the all about growth and the a.i. potential. nvidia's also double, twice as big with, as tsmc which manufactures nvidia's chips along with apple's as well, and we're only at the beginning according to the ceo. and that's within the entire a.i. sector, so microsoft, google's rallying, c3ai, and it's about rebuilding the entire software stack towards artificial intelligence and a trillion dollar replace. cycle for a.i. chips. founder's net worth jumps to $34 billion on this rally, doubling this year. and some say with this stock performance and sales
11:33 am
performance, he is one of the best ceos in america. stuart: that was a comprehensive report on the stock of the day, if not the year. good stuff. bill ackman says his longtime them in miscarl can icahn -- susan: could be in some big trouble. the doj reportedly looking into some of accounting methods with icahn industries down by a third since that-inned -- hindenburg research report. herbalife famously, of course, icahn tweeting that his favorite wall street saying if you want a frerngd get a cog over his stoirld -- get a dog over his storied career, icahn has made many enemies and don't know that he has any real friends. stuart: you should have seem him ban in the 1980s, he was hated. susan: carl icahn was? he's a raider. bavarians at gate, that's what they call him. stuart: susan, good stuff.
11:34 am
thanks very much, indeed. china is indeed preparing for a new wave of covid. they could see 65 million cases a week in june. the white house was pressed on what we know about it. roll it. >> i don't have any conversations to speak from, to speak of at this time. of course, we're always monitoring, that's something that we do when things like this occur. >> reporter: does the u.s. feel like it's getting accurate information as a it relates to this wave of covid in chinasome. >> i can't give an official comment on that, but certainly this is something that we continue to monitor. stuart: well, kjp didn't want to the go near that one, did she? joining us now is dr. marty makary who is with us this morning. what do you know about this new outbreak in china? is it a new variantsome. >> it is the xbb variant with, it's a variant which is the dominant variant worldwide right now. we're seeing mild disease in china right now. we are seeing mass infections, and it may be that 85% of the
11:35 am
entire population becomes infected shortly. but remember, one of the mysteries of covid is how it staggers. you expect it to blossom and spread very quickly or, but then it sort of pauses and comes back a season later. that's maybe what's happening right now. the vaccines have worn off, perhaps immunity are from prior infection has slightly warn off, and people are getting infected. but we're not seeing now the satellite images showing hospitals massively overrun. stuart: that's an important point because on the financial side of things if china went in for a new the lockdown situation, there would be a response financially as opposed to medically. at the moment it doesn't look like it's serious enough for lockdowns, is that right? >> they've basically abandoned the covid zero policy and the lockdown policy. what we're seeing is absenteeism at the workplace, at factories, at different industries in china. we're seeing people just i not show up to work. people showing up to work with a sore throat the, mild
11:36 am
respiratory symptoms, often times wearing a mask which is not doing much, but we're seeing basically a let it rip strategy many china right now. stuart: next case. ron desantis says it's time for a public health reckoning. watch this, please. >> we need an honest reckoning about what happened during covid, and the only honest reckoning is that all of those agencies, all of the elites, the public health establishment, they failed. stuart: okay. big picture, doctor, do you think our american response the covid was a public health failure? >> it was definitely a public health tail your, and there's a lot of blaming going around. but i think a lot of the focus is going on the on dr. fauci and the federal response. that is going to be the centerpiece of a lot of these debates that are going to the happen on the republican political side. if when asked what's the difference between himself and his competitor, he said i would have fired dr. fauci early on. and, in fact, in his own department of health in florida he kid quickly bring in
11:37 am
people -- did quickly bring in people with a different point of view from dr. fauci. joe ladipo, he was involved early in conversations, jay bhattacharya, so i think there's going to be a lot of discussion about a different the approach, and that departure began when the 15 days to stop the spread was converted to the a 0 days to stop -- 30 days to stop spread. that's when we saw the florida governor taking a very different approach. stuart: many new york city, we're going to the finally lift the vaccine requirement for health care workers, but they're not lifting the requirement until the fall of this year. why the delay until then? >> yeah, this is what i call the novak djokovic doctrine of the biden administration that's epidemic in the united states today. [laughter] the vaccine mandate ignoring natural immunity has resulted in about 100,000 nurses having left the profession. they were fired for -- they had antibodies, but they were not the kind the government recognized, and as a result, we're paying a lot more for nursing costs true traveling
11:38 am
nurses and medical bills are higher. stuart: what a mess. dr. marty makary, thank you very much. good stuff, see you later. >> thanks, stu. stuart: now this, air bmb cracking down on summer parties, they're even asking neighbors to snitch on people who break the rules. we're on it. the newest presidential candidate, ron desantis,s wants to make school choice a national priority. roll tape. >> one thing i think we can do legislatively is national school choice. these kids have no chance in those dysfunctional environments. this would be a major lifeline. stuart: looks to me like school choice is becoming a strong issue for republicans to run on. former education secretary bill bennett on that next. ♪ muck in finish. ♪ ♪ ♪
11:39 am
11:40 am
unexpected out-of-pocket costs. which for those on medicare, or soon to be, is a good reason to take charge of your health care. so consider this. an aarp medicare supplement insurance plan from unitedhealthcare. why? because medicare alone doesn't pay for everything. and what it doesn't pay for, like deductibles and copays, could really add up. even thousands of dollars a year. medicare supplement plans help by paying some of what medicare doesn't... and making your out-of-pocket costs a lot more predictable. call unitedhealthcare today and ask for your free decision guide. learn more about plan options and rates to fit your needs. now if you like this... greater freedom... you'll love that medicare supplement plans have no networks and no referrals needed... see any doctor. any specialist.
11:41 am
anywhere in the u.s. as long as they accept medicare patients. these types of plans also give you more flexibility when traveling in the u.s. your plan goes with you... anywhere you go in the country. even better, these are the only plans of their kind endorsed by aarp. call unitedhealthcare today for your free decision guide. so if you have this and want less out-of-pocket costs... and more peace of mind... consider adding this. an aarp medicare supplement plan. take charge of your health care today. just use this...or this to call unitedhealthcare about an aarp medicare supplement plan.
11:43 am
stuart: the markets this morning, there's plenty of red ink for the dow but lots of green ink, if i can put it like that, for the nasdaq, which is up 160 points. now show me airbnb. the stock is down. not because of story, but they are down. they're implementing an anti-party crackdown for the summer holidays like memorial day, july the 4th. they want neighbors to snitch on people who break the rules with rowdy parties. the sock is down 1.3%. if elected, ron desantis wants to make national school choice a day one initiative. roll tape. >> one thing i think we can do legislatively is national school choice. these kids have no chance in the those dysfunctional environments. this would be a major lifeline. stuart: let's bring in former education secretary bill bennett, good friend of the show. bill, has school choice become the republican party's national policy for next year's election? >> the it's a great question but not as important a question as
11:44 am
whether tina turner would have had more number one hits -- [laughter] if she had gone with phil specter earlier. she only had one phil specter song, river deep, mountain high, and that was a huge, huge hit -- stuart: but isn't bill's -- what happened to phil specter? something bad, i think. >> oh, yeah, no. a lot of bad stuff. not a great guy. there was a -- it's a long story. stuart: yeah. well, you brought it up, bill. >> another time. i did bring it up, but he did the wall of sound, and that was fantastic music. stuart: it was. even i mow that. okay. >> -- republicans -- [laughter] now i'm sorry i brought it up. there you go. republicans, yes, have been on the school choice bandwagon for a long time. way back in the '80 when i was secretary, i had the three cs, content, character and choice. i don't think a national bill though to have school choice is a good idea. love desantis,s love his ideas.
11:45 am
i think he's going to be the a great con tender. butten i don't like federal government legislating so much nationally are. i think there's too much of that. many many areas. leave it to the states as the dobbs decision did on abortion, leave it to the states. but school choice is very important, but it's not everything. the curriculum, the content, what hay study is -- they study is critical k. and we realized the during covid hay weren't studying the right things. realizing, reading, reading the first three years. stuart: absolutely. can you deal with this one? one million fewer students enrolled in 2022, that's compared to the pandemic, 2019, a million fewer. we're also seeing far few ther young men enrolling. bill, take that on. why are men skipping university? >> well, first of all, this is a rend that's been with going on for quite a while. last time i looked the matriculation rate, the graduation rate was about 60-40
11:46 am
female it's now likely to get even larger, 62, 63. men are figuring out -- some women are figging it out -- figuring it out too -- a lot of colleges are not worth it. i wrote a book called is college worth it, and most are not. given the news, when you do a return on investment, we did the roi, stuart, on about 250 colleges, most of them it's not worth it. if you get into stanford, princeton the, go. because when you graduate even if you don't know anything, you have a shiny degree and it still matters to hiring companies. but these men are figuring out they can become cops, get good salaries, retire young, become welders, electricians, all the things that can't be outsourced. and they can make good money. go college and a lot of places the tuition is very high. you've got to borrow. and remember this very important
11:47 am
thing, people who when enroll in college, only 50 president stay -- 50 percent stay through the whole four years. stuart: ouch, that hunters, especially if you've got a student loan around your neck. >> the that's right. you get a loan and you can't pay it and you don't have a job. [laughter] stuart: right on all counts. bill with bennett, good stuff. hope to see you again soon. >> you betcha. thank you. stuart: the point where we show you the dow 30, looks like a lot of selling, and there is a lot of selling. the dow is down 200 points. the nasdaq, though, that's a different story. next case, prince harry has lost his bid to to pay himself for his own police protection in britain. you don't get those perks when you're not a working royal. of that's got to be putting a vain on harry's relationship with the king -- a strain. kneel correspondent -- royal correspondent neil shaun on that next. ♪
11:48 am
my relationship with my credit cards wasn't good. i got into debt in college, and no matter how much i paid, it followed me everywhere. the high interest... i felt trapped. debt! debt! debt! debt! so i broke up with my credit card debt and consolidated it into a low rate personal loan from sofi. i finally feel like a grown-up. break up with bad credit card debt. get a personal loan with low fixed rates and borrow up to $100k. go to sofi.com to view your rate. sofi get your money right. about two years ago, i realized that jade was overweight. i wish i would have introduced the fresh food a lot sooner. after farmer's dog, she's a much healthier weight. she's a lot more active. and she's able to join us on our adventures. get started at betterforthem.com
11:49 am
if your business kept on employees through the pandemic, getrefunds.com can see if it may qualify for a payroll tax refund of up to $26,000 per employee, even if it received ppp, and all it takes is eight minutes to get started. then we'll work with you to fill out your forms and submit the application; that easy. and if your business doesn't get paid, we don't get paid. getrefunds.com has helped businesses like yours
11:50 am
11:51 am
11:52 am
have to pay? ashley: let's begin with the bill. we're talking as much as $500,000 -- 500,000 pounds or chose to $620,000 u.s. that's how much he may have to pay after a judge said prince harry could not pay for armed police guards when he's in the u.k.. the judge saying it would create a two-tiered system that only the wealthy could exploit from, so no deal, harry. but harry's taxpayer-funded protection was removed, if you remember, when he stepped back as a senior royal and moved to the u.s. it's not just harry that could take a financial hit. britain's sun newspaper says the british taxpayer could be on the hook for more than $370,000 to pay for the government's legal costs, and that may not be the final bill, stu, because harry could appeal his loss in court. so the bill could get bigger. stuart: oh, dear. let's move on. royal watcher neil shaun joins
11:53 am
me. he's about to the appear, there he is. has this taken a toll on harry's relationship with his father, king charles, and that relationship be saved? >> good afternoon, stuart, as ever from london. well, now he's really a prince without power, isn't he? the bottom line now is how long will meghan hang around. you know, the bigger picture is truly this, i mean, the guy was advised numerous times not to go ahead with this. it was a ridiculous case, but he pressed ahead. and now it's cost not just him, but us here, the british taxpayer, a lot of money, a lot of money that we don't have, that we don't want to spend all on something that each and every time he decides to grace his presence back here in the united king come, we should day for it -- kingdom. he already had royal protection as we saw on the recent coronation. moment he arrived on that american airlines flight, there was bare protection officers to look after him. that would have applied also to meghan markle and, indeed, two
11:54 am
of his children. the bottom line is what was the problem? we couldn't really understand. but this is a private thing. he could appeal and it's looking like he will as well actually, stuart. stuart: good lord. a former butler for harry and meghan says a move back to the u.k., back to the u.k., is, quote, very possible. do you see that happening? [laughter] >> well, let me tell you, you know, it could be a one-way ticket just for him. meghan markle has no intention of moving back over here. she signed a very big deal as we now know with an agency over there. she doesn't like great britain, she made that quite obvious of course and i think the problem is she can't make money here. she could make money over in the united states. there's this story knocking around that there's going to be a net 234reubgs movie now, but they're just waiting to see how well that scoop thing goes with prince andrew. i think the appetite for any more royal revelations is really, really watered down, but harry himself, i have been told
11:55 am
this from a very good source, wouldn't with mind doing a half-in, half-out thing, six months here, six months over there, but there's no way that meghan would want to return. and who could blame her, let's be honest. stuart: i'm reading wean the lines here, and i'm getting deep into the gossip weeds, but it sounds like you're predicting that harry and meghan split. 30 seconds, go. >> what i would say is that meghan markle is definitely going down the wrong path. it looks like prince harry's solo alone, and when he comes back over here to defend another court case existence newspapers, she won't be with him. not exactly a bond of love, is it not? stuart: a good way to conclude. neil sean, on it again. thanks very much, indeed. good luck. it's the thursday trivia question, time for. the lincoln memorial was dedicated on memorial day of which year? 1875, 1890, 1908, 1922 the? who knowsesome the answer after this. ♪ ♪
11:56 am
11:58 am
say goodbye to multiple daily insulin injections with the new omnipod 5. the only tubeless automated insulin delivery system... that integrates with dexcom g6. automatically adjusting your insulin to help protect against highs and lows day or night. don't wait to simplify life with diabetes. get started today with no contract, and no commitment. go to omnipod.com for risk information and instructions for use. consult your healthcare provider before starting on omnipod. simplify diabetes. simplify life.
11:59 am
omnipod. staaaaacccceeeyyy! i'm the sizzle in this promposal. and tonight, sparks are gonna fly. kyle? and while romeo over here is trying to look cool, things are about to heat up. uh-oh. darn it, kyle! and if you don't have the right home insurance coverage, you could end up paying for this yourself. sorry mr. sanchez! get allstate, and be better protected from mayhem, like me. that's a hard no. stuart: the lincoln men moral was dead cited on memorial day of which year. 1875, 1890, 1908,ness 22. ashley i go first. i think it is 1908 tell you why. take a long time to sculpt the skip turf lincoln. quite a long time to figure out where to put it. i'm going with 1908 how about
12:00 pm
you. >> that is very reasoned thinking, mr. varney. i on the other hand go even any, 1822. stuart: 1922. 50,000 people apparently dedicated ceremony. 2 million listened on the radios in 1922. that is all good stuff. quickly i will give you the markets. s&p up, nasdaq up a whopping 1.4%. the dow down a fraction. show mee nvidia. stock of the day stock of the week. send "coast to coast" starts right now. neil: unprecedented, unfathomable how market watch is describing what is going on with nvidia right now, th
40 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on