economy i see stocks underlying data makes me very nervous. >> tiana. >> i have been saying one more hike i called it last month pricing in four cuts i said no way in heck. at least one more hike may be not two but one. cheryl: you are on tape, joe, congressman buddy kart joel show all marn michael lee tiana lowe, thank you so much have a wonderful memorial day week appreciate you joining me on friday maria is back tuesday that is it for me i, of course, will also see you tuesday "varney & company" up right now take it away. >> good morning sheryl, do we have a show for you? stocks up, before a long weekend terrible polling numbers and memorial day air travel a test for pete buttigieg starting with this white house gop close in on deal to raise the debt limit

cut spending, "new york times" says deal would allow republicans to claim some spending reductions democrats could claim they avoided big cuts. not sure how far-left democrats will take that but it is a mild encouragement friday morning dow industrials up maybe 40 points s&p up 7, nasdaq up 48. green, that is bottom line here good news on debt, up goes stocks a little bit no pullback yar inindividual wra blockbluster stock manager woods missed it pulled out completely in january of this year this morning up to 380 -- another buck interest rates little change creeping up recently, 3.8 % on 10-year, 4 1/2% on two-year treasury i think got that 4.58% gone up from there look at one month

t-bill very short-term treasury, earlier a around 6% now 56 politics couldn't come worse time just as president starts reelection campaign voters turn thumbs-down, 20% think biden policies have been good 83% think economy is fair is a shulg high won't last the government raised over 8 million dollars after wednesday night launch, how to ruin a city, elect a progressive mayor chicago you won't believe tax hikes law enforcement cuts the battered city proposes president biden is off to camp david for the weekend friday, may 26, 2023 "varney & company" about to begin.

stuart: what's this? lauren: taylor swift. stuart: sos. ominous if -- lauren: what are we getting reined -- ready for? stuart: she does a concert tonight. lauren: i thought you meant the debt deal, but it's the taylor swift cob cert. god concern concert. got it. stuart: trump's lead in the polls is just a sugar high. guess who's with us now? steve coosey, direct to us from -- steve doocy, direct to the us from florida. who are those folks? i think it's a diner, it's a restaurant. who are they supporting, trump or desantis? >> stuart, because this look like a diner? this is a tiki hut. all these folks came for the "fox & friends" show. what's interesting is keep many

if mind donald trump lives about 20 the miles south of here in mar-a-lagoing but we're also in florida so it's the like trump, desantis. so joining us rate here, what's your maim? >> dawn. >> sorry. it was about three hours ago, dawn. so who do you support? >> definitely president trump. >> really? why. >> well, i think we're loyal to him. he gave up everything fors us, and his family are has been through so much scrutiny. he's proven he can turn this country around, and i want to the pay press for gas. >> have you ever been on tv before? well, that was it. [laughter] all right. you've got a fan for trump. what's your name? >> my name's kristin, and as much as i love president trump, i have to give desantis a chance. he as just -- i have a 4-year-old daughter, and what he's done for us in terms of parental rights and protecting our children is really important to me as a mother. >> okay. and that's kind of -- are you

down in florida? >> i am, yes. >> you reluctant to tell people i'm for desantis because you don't know -- >> yes, i am. i don't really want desantis to leave us as governor because i think he's doing a fabulous job, but i would like to to give him a chance. >> stuart, that's something i've herald a lot today for people who predominantly are supporting donald trump, and that's like we would like to keep governor desantis the as long as possible. let trump be president and then ron desantis can ache the over. stuart: yep, i hear it all the time, as a matter of fact. steve, great stuff. we appreciate it, sir. >> thank you. stuart: all right. staying on ron desantis the, his cam an pain went on a fundraising tear in the first 24 hours after his announcement. how much did he pull in? lauren: $8.2 million in the first 24 the hours since kickoff, that was 2 million more than joe bind at this point for 20 to the 20 -- joe biden. that means enthusiasm, right in and you ask, well, from whom in folks who have always liked him,

regular people, rich people, both or former trump supporters. we don't know. but now ron desantis the heads to iowa, new hampshire and south carolina for votes. he's also selling merchandise. have you seen it? okay. stuart: on the screen. lauren: desantis breaks systems. what systems? the internet as in the twitter as a matter of few when he made his announcement, the deep state, corporate media and woke incock try nation. is so he's really taking on trump now. maga hats versus this. stuart: let the games begin. got a new fox news poll here. 48% say president biden's policies are hurting their families. that pessimism is reflected in the his overall approval rating which which has slipped to 4 # percent. sean duffy's here. that's not good news for bind especially on bread and and butter issues, and now he's off to camp david, sean. >> yeah, stuart. first off, socialism, marxism, woke withism, racial politics, that doesn't make people's lives

better, and that's what joe biden's presidency has been all about. he can put on a pair of aviators, stuart, that doesn't improve his policies. but you look at those numbers, i mean, when people go to the polls, they care about a lot of things, but they really care about their own lives and and their ability to pay for gas, food, housing, their children. and when hose the things get difficult, they've taken out politicians in the polls. you can blame a lot of things, but joe biden will take most of the blame for the economy and the hardship in people's lives. so this is a really tough row for him to hoe going forward over the next year and several months. and, by the way, if we have a recession on the horizon, even more challenging for joe biden as he looks to regain a second term in the white house. stuart: and now he's off to camp david. i mean, he leaves -- now, we are told there's some progress on the debt deal, but just as we're told that by the new york times, he's made plans to go to camp

david can for the weekend. it just doesn't look right, does it? >> yeah. you know, you can negotiate from anywhere. you can jump on a zoom call and a phone call, that is true, but there's nothing like seeing someone face to face, looking people in the eye and cutting a deal. and you're right, the perception of a department crisis on the horizon -- debt crisis on the horizon and going off to camp david, that does not play well with the american people. and, again, when you already have problems with the deal of your acuity, the fact that you don't speak very well, the easter bunny has the save you, you're better off to not be on vacation if you want to change the perception people have of you. going to camp david doesn't do that. stuart: the easter bunny has to save you. man, you can get nas i. yeah, you really can there, sean. [laughter] >> what makes me nasty is when i see steve doocy down at city key 52 and we're not there. [laughter] stuart: i'm with with you.

thank you, sean. i will be watching you on "the bottom line" tonight the, 6 p.m. eastern here on fox business. let's get back to nvidia. the the class you can stock of day, the week, the month, the year yesterday. how much -- first of all, short sellers, they're betting that the stock goes down. lauren: yes. stuart: nvidia went straight up. how much did the shorts lose? lauren: just yesterday, $2.3 billion. this year, more than $8 billion because nvidia has not gone down. in fact, it's more than doubled, ands the on track to be the very first trillion dollar chip company. huge. they gained $184 million in market value just yet when the stock went up 24%. it's still up a little bit in the premarket because it is at the heart of the a.i. revolution. a rising tidied not lift cathie woods' boat. she dumped nvidia from her ark investment fund back in january.

translation, she missed out on a $560 billion stock surge since. stuart: ouch. let's bring in kenny polcari, market watcher for the morning. i want your reaction to nvidia's surge. now, where's it going from from here? i'm seeing a lot of analysts on this show saying this hinge's going to $600 a share. what's your point of view, kenny? >> yeah. after they all missed what we herald the other night, right? every analyst missed it,en they ran to raise their estimates. do i think it's going higher? yes. but i also think over the short term we had this massive gap in the stock yesterday from 20 the 8 to 380, basically leaving an $80 gap in the stock that at some point will come back and fill in which is when i would look to the buy, on any pullback. but this is right at the heart of a.i. is it going higher? absolutely. do you need to be in it? absolutely. but i do think part of yesterday 's move was the shorts who had their arses handed to them

yesterday, hen you had portfolio managers if missing it as well, being forced to to buy to the rebalance their portfolio. and then peopled had the fomo like, oh, my god, i missed this. and they become panic buyers. that's what you saw. i owned it. i loved the ride yesterday, but i'll pull it -- buy it on a pullback. stuart: kenny, lauren's itching to get in. lauren: i'm just thinking everyone is afraid a.i.'s going to take my job, i might as well get in on the frenzy and own part of a.i. so i have something when i don't have a job. that just came into my head. stuart: it's a good point, kenny. >> it's a good point, i love the human interaction. i don't suspect that i'm going to be talking to a computer many two years about what the market's doing on tv. i pulley expect that you're still going to be there, or lauren are's going to be there, the others are going to be there and i'm still going on the here, and we're still going to have

fun. stuart: just wait until chat bots give you investment advice. i want you to have a great weekend down there in florida. >> and you as well. laurenup cooking. stuart: see you later, kenny. thanks a lot. the president of mexico, lopez obrador, ramped up attacks against republicans. he's urging hispanics, hey, don't vote for governor desantis. florida republican congressman carlos jimenez reacts to that. the u new york times says, quote, the white house and gop are closing in on a deal to the raise the debt limit and cut spending. can does speaker mccarthy have the full support of all republicans in the house? he needs of it. we're going to the listen to and and interview the house ways and means committee chairman, very powerful guy. jason smith is next. ♪ ♪ it's better when we're together. ♪ it's always better when we're together ♪

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♪ and i'm proud to be an american whether at least i know i'm free ♪ stuart: you know, i really like that song. i love it, actually it's lee greenwood and the classic "god bless the usa." lee was on the program, sang it for us live. what a great performance it was. yes, of course, it is the memorial day weekend. we're heading into it. got it. on the futures market this morning, 13 minutes before we open trading, the dow's up 50, the nasdaq's up 50. and we're hearing that the white house and speaker mccarthy are close to the finalizing a deal on department. edward lawrence at the white house. look, if we're on the cusp of

finalizing a deal, why is the president heading out of town for the weekend? >> reporter: yeah, we're getting close. you know, not quite there yet but getting close. the president, as you know, going to camp david, hen he's going to delaware before comin monday. now, i deal was within reach. late yesterday we were told that a deal was not quite in the zone. so the back and forth here, with with that back and forth the press secretary still defends the president's travel plans. the president's going to camp david this weekend, going to delaware. can you describe the sense of urgency that the president feels to get a deal done? >> there's always been urgency. we have called this out over and over again, how urgent it is to get this done. >> reporter: but the president met the house speaker february 1st, then the president would not take a meeting with him for another 97 days.

so here we are right against the deadline set by the treasury secretary. now, registered voters upset at president biden for the current situation with the economy. only 18% say the economy is excellent or good. 83% say it's fair or poor. when it comes to the president, only 33% of people approve of his handling of the economy. about two-thirds of people disapprove. you see the reaction on other policies. now, the committee for a responsible federal budget says the financial sector's signaling that it believes a deal will happen soon. done, maybe too co. although i share their confidence. and so ilot of sort of coombssday prep come -- doomsday prep coming from the financial sector. >> reporter: but moody's has drawn a line in the sand saying if the federal government does not pay the maturity on treasuries on june 15th, it will downgrade. stu? stuart: edward lawrence are,

thank you very much, indeed. white house and gop close in on deal to the raise debt limit and cut spending. jason smith is house ways and committees -- means committee chair and joins us now. sir, the keel, reportedly in the times, is for republicans to claim some spending can cuts and the democrats to claim the cuts are not too dallas in. will that supply with -- too drastic. will that the fly with all gop house members? >> i'll tell you, we're still waiting for a deal. one of the big hold-ups so far, suiter, is that -- stuart, is that president biden has been pretty reckless. he's actually prioritizing paying people not to work versus paying people's social security and medicare benefits. but we do get to an agreement that is somewhere in the middle, i would expect that the house republicans will continue to stay united. one thing that we know is that the house republicans are the only party that has been united in washington, d.c. this

congress. we're the only ones that was the able to the address the fiscal insanity and also raise debt limit. not one democrat in washington has voted to crease fiscal insanity -- address fiscal insanity and raise the debt limit this congress. iewfort stuart you're the chair of the house ways and means committee. the president proposes a raft of new taxes. as chair of the ways and means committee, can you kill these the new taxes? >> absolutely. the good thing about it is the according to the constitution, stuart, all tax policy has to start in the house ways and means committee. that is what we, where i'm at. and where i'm chairman at. and i can tell you setting in the president's state of the union and listening to the tax the increase after tax increase that he's wanting to propose, i was sitting there thinking it's not going to happen.

it is absolutely not going to happen. speaker mccarthy's not going to allow that that a tax increase to happen on u.s. businesses and american workers. that would be the last recipe for americans when they're facing the highest spike in inflation in 40 years. stuart: but again, you've got to have the absolute unity in the gop house members. i mean, absolute. you can't lose even two votes. >> stuart, we don't have to have absolutely unity. when we passed the increase in the debt limit bill, we still lost four members. so there is, there is always a path. shut is a very large number -- absolute is a very large number. leapt me tell you, we are more unified as a house republican conference than i have ever seen in my entire tenure in washington d.c. stuart: sir, i understand you're about to the leave for paris to the oecd meeting, and you're going to voice america's opposition to the this global tax that they've got in mind. would you mind telling them, please, from me, get your hands off my money. i'm an ex-european, and i don't

like them reaching over here to the take our american money. would you tell them that, please? >> i will definitely tell them that on behalf of you, but that's already our intention. [laughter] has why we're coming over there, stuart, because it's the absolutely unacceptable that 130 countries outside of the world can try to put retalia story taxes on -- real the ya story taxes on u.s. workers and businesses. ofst the unacceptable, and we should be not be allowing it. stuart: please keep me out of it, congressman, but by all means, make the point. jason smith, thanks for being with us. >> thank you. stuart: yes, sir. check those futures, please. what have we got, seven minutes to the opening bell? i see green on a friday morning. we'll be back.

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stuart: all right, a lot of

green on the left-hand side of the screen, and mark mahaney joins us this friday morning. i want to talk about nvidia. i know you don't specifically cover that stock but, mark, can you give our awed with reference a sense of where you -- audience a sense of where you think it might be going from here? >> nvidia and a couple of other stocks are really riding up on generative a.i. wave. i heard a lot of comment concern commentators saying that it may be bigger than the internet or smart poans. i'm skeptical to that. i'm open to the arguments, but there's no question that you've seen a range and a wide amount of investments put into artificial intelligence. st the really amped up. its compute power has dramatically increased over the last couple of years. you can cothings with artificial intelligence you simply couldn't do a couple of years ago, and one of the key reasons is what nvidia has created. i don't know how much higher it goes and i don't cover it, but at least i understand the story behind it. stuart: but you cocover netflix, and i know that they have begun

cracking down on pass word sharing. do you think that hurts them or helps them? >> i think at the marginst it's going to the help them. you are going to the see a near term increase in cancellations though. there's going the to be a little volatility. they experienced when yea troll rolled it out -- when they rolled it out in canada. they've "people like me who are -- who have children. nonetheless, it's going to headache out more subscribers for netflix. they've got about 100 million of these borrower households around the world, and my guess is 20 the-30 million of those will set up independently their own accounts. that's the win for netflix. we like the stock. it's not one of our top three, but we like it with a $400 price argument. stuart: what is still your top pick? >> i've got the price arguments ready this time, u stu. so we've got meta, formerly facebook, 350.

then uber at 75 and then amazon we bumped up to our number three pick. i think it's the also an underappreciated a.i. play, and amazon would be a 150 price target. stuart: we've been following you for some time, and you've got some real winners under your belt. congratulations. mark mahaney, always a pleasure. >> have have a great weekend, sir. stuart: i was just about to say that. see you later. all right, on the big board before we open this market, you see them all lining up, clapping can and cheering. nasdaq, right-hand side, new york stock exchange, left-hand side. we're looking at a very modest gain pretty much across the board when the market finally opens, which it does in five seconds. any moment now you'll see somebody press a button. maybe that gentleman in the middle there, right-hand side of the screen. press the button the, please. not going to do it for me. hopeless. all right. it is the 9:30. trading has begun, and the market is higher. right from the get go i've got dow up 40 points, not all the stocks are open yet, but more than half are on upside.

the s&p 500 also opening higher, not by much, but just a little bit. we're up .20%. the nasdaq composite, pretty much the same, you're up .2 the 7%. bottom line is this friday morning, all these indicators are modestly higher. now show me big tech, that's where the action has been so much recently. amazon, apple, meta, up. microsoft, alphabet, down. microsoft and alphabet had a good run following nvidia yesterday, edging slightly lower this morning. all right, i want to know about costco, because they reported before the bell -- sorry, after the bell yesterday. susan's back. tell me about theft. susan: yeah. so they said that they were fortunate to to the avoid it. it's not the type of shrinkage that we've seen at argument the, half a billion dollars that's forecast for this year. however, if you look at costco, earnings missed, and that's what you're reacting to. the rest of it wasn't that bad. you had margin expansion meaning that they're making more money

per item sold. foot traffic went up slightly, better than a lot of retailerses so far this earnings season, and traffic was up 3.5%. but that's also meaning that the shoppers weren't buying as much and ticket the prices went to down 3.5%. so heir the still sticking to the same -- the staples, the grocery are -- groce thelies, they have to stock their fridge. they are not buying the furniture or luxury small electronics, jewelry, hardware down by double digits. so i think when are hay going to raise that membership fees. that brought in a billion dollars for theming one of their main sales generators, and the last time they raised membership fees was to 17. so they're kind of -- was 2017. your family could pay more than $60 a year for that gold membership of yours. stuart: it's hard -- [laughter] it's the hard to walk all the of a costco with a huge six loaves of bread in one cart. it's hard to steal from costco. susan susan or two shopping

carpets worth of oi let paper. stuart: well done. ford and tesla are partnering up? susan: i think the extrapolatioe partnering up. >> susan: their largest competitors are teaming up. how this deal works is current ford owners will be granted access, more than 12,000 of these tesla superchargers in the u.s. and canada. that starts next year. ford will also build their next generation cars with tesla's supercharger plugs instead of just using, providing adapters. isn't that great? stuart: yes, it is. susan: that's going to happen in the next mid-decade or so. tesla dominates electric cars here in north america, three-quarters market share according to researchers. ford is a way distant second. but tesla announced they're going to allow other non-tesla cars access to the 7500 of their charging stations in that deal

with the white house. obvious they get money back for that. stuart: it's a big deal. susan: it also points to that green future that we live in. stuart: we should be living in. susan: i think the government's pushing you there, and they're going to force the issue, as you know. stuart: you and i watched nvidia take off yesterday. huge day for that stock yesterday with. pulling back just a bruck this morning. the other chickmakers, have they calmed down? >> not marvel, kind of an nvidia-like move. a $180 billion day for nvidia yesterday, they created a gm, a ford, a few airlines, three 3ms in total. it was just incredible, right? so mar marvell is putting in a fantastic report card as well, not only beating to start this year, but they say sales growth will accelerate into the back half of the year. who does that sound like? invidia, right? it shows these high-end chips is

not abating, and nvidia says there's a trillion dollar replacement cycle for chips and a rebuild of the entire software stack to artificial intelligence. you think about the gland going forward for a.i. chips. now, in terms of short seller losses, the stock is already up 100 percent, you already lost that amount on your short. would you be closing them down right now? tooth stuart fair enough. >> one of the richest people on the planet, the founder of nvidia. stuart: the next story is something i pretend to the know something ant it. i'm going to form it in a question, elon musk's neurolink found a way to hook up your brain to the computer? have they got the interface that links it? i believe they have. susan: they're going to trust it out in human trials. stuart: yeah. that's a big deal. it's hooking your brain up to a computer. susan: that's right. it's been done before -- stuart: yes, it has. but musk might do it better.

susan: i don't know. have you watched the twitter spaces this week -- stuart: don't drag the man down for that little episode. susan: it's exciting, how about that? we still haven't gotten full regulatory approval, and it's not guaranteed the, by the way. they got approval to start human trials. this is something that elon musking saying service the coming in november. what they're trying to do is recruit human volunteers. they sew a chip onto the top of your brain and insert those electric nodes, and that'll all connect to your phone -- [laughter] via an app which will then help control the devices and computers over blue tooth -- stuart: which then controls your brain -- susan: actually,st the other way around. your brain is firing neurons that these sensors pick up and it controls the devices the for you. stuart: don't you find this fascinating? susan: of course. stuart: this is the most futuristic thing. susan: it doesn't necessarily have to be an elon musk win.

you saw it with a man that was paralyzinged fist bump -- pairized fist bumping barack obama. there you go. there's the -- the cloud software company, better than expected quarterly results, i also want to quickly talk about the retailers. ulta, the cosmetics retailer, actually the it wasn't that bad with, but i guess hay fell short and, you know, the margins are narrowing there. and we should talk about gap, i think, quickly because everybody knows the gap. despite the fact that they had a loss, by the way, it was nay roar -- narrower than expected. they're discounting less and -- stuart: gap beat the expectations? oh. joy and rapture. susan: they're just making more per jeans sold which can includes the ones you're currently wearing. stuart: i'm just making fun of you. susan, good sufficient, indeed. coming up, two-thirds of

california voters say senator dianne feinstein is no longer fit to serve. the race to replace her is heating up. is it possible that adam schiff could win the california seatsome steve hilton the passes judgment on that. biden's ambitious green agenda was just put in check by the supreme court. it shut down a rule that would police water pollution. details on that for you. fox came out with new polls on the economy. uh-oh. only 18% thinks it's in good shape. that's not good for biden. economist peter morici looks at biden's problem with bread and butter issues, after this. ♪ a change would do you good. ♪ a change would do how you good. ♪ i think a change, a change would do you good ♪

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stuart: on the markets, well, would you look at that? i see some green right there. the dow is now up 246 points. and the nasdaq is up 79. that's interesting. a rally right before a 3-day week. you don't often see that. look at these fox polls. only 18% say the economy is in excellent or good condition, and only 34% give their personal financial situation positive marks. peter morici with us now. why does the economy seem so bad to so many people? >> well, i mean, you need to go to the grocery store and look at the price of eggs. it's that simple. condiments for this year's barbecue are up 23% over last year, huggies, the people who make ethos things, they've raised their prices 10% two quarters in a row. the president can point to the price of gasoline, and in that's nice, after all, he's craning the strategic petroleum -- draining the strategic petroleum

reserve, but at the grocery store the news is always bad. stuart: do you remember back in the 1970s when president carter spoke about malaise? he didn't actually use that word, but he was talking about the general a malaise in the population. do we have economic pa malaise right now? >> no, i don't think so. what we've had is an administration that is pitting one half of the country on the other through woke withism and identity politics. -- wokism. what happened recently at twitter on the transgender issue anticipated exhaustion with thin with this issue. there was very little sympathy or support for target. the same thing on the build light issue. i don't mean that that that is the center of the economy, but after a while people get war weary of being told they're guilty for the sins of people who likely committed none eight generations ago. stuart: do you see a turn-around? >> well, i think it's the up to the republicans to come up with someone thats' attractive. right now president biden is one of the most beatable incumbents on the planet. the problem is i don't want see

the republicans having -- i don't see the republicans having a viable candidate. the closer you get to desantis, the more you start to scratch your head. mr. trump, we all know ant his baggage. the other republicans are attractive people, but they don't speak to to us about a compromise on abortion that's credible, about what they would do about the country's fiscal problems, how we get our spending back in line, how we get our defense structure many such a way that it is both credible is and affordable. what about the price of, you know, going tonight to to the hospital, long lines in the waiting roomings at more than rooms and so forth and the border. are they really speaking to those, to us in ways that are credible, because americans are worried about these things. stuart: okay. who's your ideal candidate? you have to put a name on it, just give me some policies. >> well, i think it's someone who talks to us frankly about the need for immigration and boosting the birthrate in america so that we have a source of skilledded labor. it's someone that the talks to the us really about entitlements

reform because we've probably pushed taxes and spending as far as it can go. we need to talk about the efficiency e in our health care system. it costs 50% more in the united states to provide the same health care as in germany when they have a private insurance system too. why is that? the reason is hospitals are run like the pentagon, and we need someone to the say we're going to benchmark if people's costs so they're aligned with except to haves around the world -- competitors around the world. i think we need to talk about these things. we've become fat and inefficient in america. we need to become lean and mean again, cooperate and not make war on each other. the thing to do is come together on being a competitive society so we can all process per. stuart: well, that's wrapped it all up. i you got a lot in there, peter, in three and a half minutes. very interesting stuff. come and see us again, peter. thanks a lot. >> take care. stuart: now listen to this one, nyu professor scott galloway, he's been on this program several times years ago, he i

say says gen-z should never work from home. interesting, lauren. what else can did he say? lauren: and a professor saying this to his gen-z students. he says working from home holds you back professionally and romantically are -- stuart: i saw that. lauren: listen. >> you should never be at home. that's what i tell young people. almost for seven hours of sleep and that's it. the amount of time you spend at home is core lated to your success professionally and romantically. you need to be out of the house. lauren: which means you need to get off the phone and interact with people. and everybody's obsessed with the mental health dilemma in this, this crisis in this country. that's because of isolation. because we're forging relationships on our phones, on the internet instead of in real life. stuart: i'm going to editorialize about that at the top of the 10. that's a very good idea. personal interaction, got to have it. lauren, next case, this is for you -- lauren: i love this stir.

stuart: jp mayor kwan delving into -- jpmorgan delving into a.i. lauren: they have reportedly a trademark application in for invest gpt which would apply a.i. to, and i'm quoting, securities tailored to customer needs. stuart: good one. lauren: and the way i'm reading this is they would give this directory to the customer. so you're sort of bypassing the human, the financial adviser. many banks are using a.i. for their employees, for their financial advisers. this ostensibly would go straight to the customer. it's just a patent or a trademark application, i should say, so it might take the several years. stuart: yeah, but, look what it might mean. lauren: only thing is you can get financial advice from a robot, but you might not understand it because they're talking in jargon. that's ooh why the human being comes in handy and says, okay, leapt me explain it to you -- stuart: if a chat bot says buy microsoft right now, you're supposed to do it. lauren: i think it's going to be

more complicated. stuart: you never know. there's real action in the market. 2-year treasury yield up 4.59%. 10-year up to 3.83%. interest rates going up, but look at the markets. we have got a real rally on our hands here, including the nasdaq. when rates go up, nasdaq doesn't usually perform very well, but today rates are up, the nasdaq's up 100 points. look at the dow, a 244-point gain as we speak. you're above 33,000 again. white a -- quite a market this friday morning. coming up, not too late to be on the show today. don't forget, send in your friday feedback, e-mail your questions, comments, critiques to varneyviewersfox.com. if you're traveling the memorial day weekend, please, pack your patience. aaa estimates 42 million people will hit the road, the airports and the railroads. that's up 7% from last year. the full story after this.

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♪ ♪ stuart: in total, 42 the million people are going to be the traveling this holiday the weekend. if you break that down, it shows 37 million of those people will go by car. look where madison alworth is right now. she's on the new jersey turnpike, for heaven sake. all right, madison, tell us, when is the best time to hit the road this weekendsome. >> reporter: stuart, best time to hit the road is actually right now. but, viewers, say where you are, you 2ke689 have time for this report. hey, you have time for the whole show because we have a big window where we're not expecting traffic. so just sit right the, relax. but do know that when you do hit the road, you're going to be joined by 42 million americans, 37 million of them, yes, traveling by car this memorial day week. gas prices today, they sit at an average of $3.57 a gallon. now, that's to down $1 from last year, but that was when gas was

shockingly high, closer to to $5 a gallon. so if you take a look at the last three years, you see we are sill paying a pretty penny for gas. but one driver we spoke to said with weekend he's just not going to worry about it. >> don't look at credit card bills, you know? just get in the car and hope for the best, you know? have a fun weekend. life's too short to worry about that sufficient. that stuff. >> reporter: i like that mental i. flights also seeing high demand. aaa says this is an 11% increase in flyers this memorial day weekend, despite high fares and multiple problems plaguing the industry. transportation secretary the pete buttigieg says the government is still dealing with an air traffic controller shortage, saying we're short 3,000 officers with plans to hire at least about half that this year. when you take a look at the roads right now behind me, stuart, good flow, no traffic jams. that's expected for quite some time. the worst time to get on the road is between 3-6 p.m.

so if you can, avoid that. so definitely plenty of time to sit through the rest of this show and then start your travels for memorial day weekend. [laughter] siewfort? stuart: nice touch there, madison. that was very smart. love you, darling, love you. great stuff. all right, coming up, check the markets, please. let's start with that. the s&p 500 has turned positive for the month of may. dow still up 900, nasdaq's -- 200, nasdaq's up another 100 points. still i ahead, dave rubin is a desantis the guy. i'm going to ask him what he believes is the number one issue that could propel desantis to the oval office. chicago schools are already failing students, but now teachers have to the deal with an influx of migrant children. pastor corey brooks tells us how bad it's. go the-thirds of california voters -- two-thirds of california voters say dianne feinstein is no longer fit for office. does steve hilton want adam schiff as the next senator from california? the 10:00 hour is next. ♪ i love my country, i love my

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