ashley: all right. earlier we asked which insect shorted out an early supercomputer, inspired the term computer bug. come on, lauren, take your pick. >> early computers were big. i go with a big bug. a spieder? ashley: i was going to go with roach. i think we're both wrong. the answer is moth. >> is that a bug? ashley: group of computer scientists at harvard back in 1947. oh, well, don't forget to send in the "friday feedback." want to hear from you tomorrow. guess what? "coast to coast" coming up next right here on fox business. ♪. neil: it is june 1st. do you know where your presidential can it is? hard to keep track these days,

right? next week at this time, think about it, there could be more republicans in the hunt with the additions of chris christie, mike pence and north dakota governor doug burgum. there are two democrats challenging one joe biden. that is more than a dozen candidates in all that. is just this far. bill ackman says we can do better. that is why the billionaire investor is urging jamie dimon to run. don't laugh. this is not the officers time a biz guy has gotten political attention. remember ross perot? remember brock pierce? mr. bitcoin himself. he got more than a bid of presidential interest back in 2020. is he looking to suit up again in 2024? we'll ask him. we'll ask powerful democratic money man done peoples of all the money to candidates not named biden and trump? what the polls are not saying. we report, some front-runners might want to hide.

i'm neil cavuto. happy first trading day of june. should i say job report. we moved past debt worries, my friend, if you can believe this job worries. adp private sector jobs number was so off the chart huge. 278,000 more jobs in the latest month. that is 100,000 more than we thought we would be seeing. that is something, tomorrow's jobs report for may could be just as huge. good for workers of course. maybe not so good for the federal reserve which could raise rates now to tap down this latest good news. we got market watchers luke lloyd, jay woods what they're looking at as we kick off this new month. luke, to you first. what are we in for? >> yeah. so i think it's very possible we could be seeing something happen here in the job and labor market we never seen happen before. there is huge dislocation in the labor market. it is very possible we could see a ton of job openings stick around, layoffs, unemployment

start rising. typically job openings go up first but then the actual jobs themselves. the job openings gone back above 10 million jobs. baby boomers are retiring, leaving the workforce. one out of four workers in america is a boomer. people are not as mobile as a lot of people think to fill those jobs. that is something we need to pay attention to. something not paid attention to, the willingness for people to leave the area. if you have a mortgage at 2 1/2%, 3% right now, unless you're getting an extreme pay raise to sell that house, get rid of that mortgage, you're not leaving the area to get a new job, buy a new house at a 7% interest rate. we're not out of the woods yet. looks like soft landing crowd is starting to cheer pretty loudly right now. neil: jay, i don't know what it is about luke, he is always picking on baby boomers as the source of problem or i am. let me ask you the baby boomer -- >> you guys always pick on us. neil: that's fair game. let me ask you, jay, about something else.

given that strength, whether to baby boomers, keeping their jobs, what have you, or the strong jobs economy underlying this, everyone mad been thinking this june meeting in a document of weeks was going to be a non-event. they will pass up hiking rates, give it a pause. now increasingly the more strong news we get, you got to wonder, will they give a pause? >> it is crazy. first of all i don't think we're boomers. gen-x gets forgotten all the time. we're here, we're representing. as far as you go, yes, the numbers, the data shows, you know, we can easily hike. fed powell came out, fed chairman powell, i apologize for that, said we want to pause, we want to look at the data. the data is telling us we don't need to pause. the economy isn't cooling like they want. i know jobs are a lagging number but every data point we've seen since he said we were going to pause has given us nothing to say. we need to. kenny polcari, our friend, had a great note this morning.

he made it a point to say the rhetoric coming from the fed people, those that have the vote are still on the pause side of things and those that don't are a little more hawkish in tone. i want to kind of focus on those that have the vote are saying like philly fed president, my hometown, what powell continues to say. i think the cpi number will be much more important the day they meet on the 13th and the day they voted on the 14th. neil: luke, stock markets running ahead of itself. relief we've got the debt issue settled in the house. looks like the same in the senate that takes away an unknown i guess for the time-being. then what do the markets start worrying about? >> well it is all about the consumer, right? we kind of talked about, or jay kind of alluded to, behind the scenes or in front of the curtains, market is not cooling, everyone is still spending their mother and everything is fine.

but i do think the problem we'll have to deal with the economy already has cooled. it is not showing it because people are spending on credit cards and revolving debt. i think that will make the federal reserve to continue to hike rates, that will put more strain on economy when rooster comes home to roost, and people stop spending credit cards. i don't want to be a negative nancy. people's relationship about spending mon the any. people don't care about spending money. when sometimes are good, people don't care about what spending money is. when debt is cheap. default payments on credit cards people late making payments and credit card rates at 23%. if there are any cracks in the labor market, what will happen to delinquencies an late payments? when student loan payments start back up in september? what impact quill that have on

consumer spending and potential delinquencies. it is all about consumer spending f they cut back eventually, watch out. neil: they would be cutting back from pretty strong levels. guys, hang around. your thought propping up this market dispropour nationally. artificial intelligence. that will come up later. candidates are crisscrossing states and ron desantis and donald trump. they have been sending a signal to the white house we want to live in that house. mark is there with you who the ad administration is reacting to all this. >> reporter: white house race is underway in early contest states. florida governor ron desantis wrapped up his first trip to iowa. he is in new hampshire today. he talked about this morning how he wants to bring a new tone to the gop. >> we have to end this culture of losing that infected the

republican party in recent years. we should have 55 republican senators right now had we not flubbed so many races over the last four, six years. so there is not going to be any mulligans on on this one. >> reporter: desantis first visit to new hampshire as a declared candidate. comes after he pledged to visit all iowa 99 counts. he faces questions how he will handle former president trump. he told a radio show he feels attacks on his name is pretty petty. speaking of trump, is also in iowa, participating in a foxtown hall with sean hannity. he is in urbandale taking questions from voters at a conservative club. the former president is clear he will be ready for this battle. we'll see how the potential candidates or candidates already in will react. field growing more crowded by

the day, efforts of candidates to make use of time to introduce themselves to he will voters. what person develop waiting evaluating the field is governor chris sununu. evaluating a potential 2024. >> we're meeting all the candidates. we want to make sure folks understand how important new hampshire is and how to do it. most of the campaigns are getting off on the right foot. >> reporter: dnc is expecting a trump-biden rematch in 2024. neil as you know in all your years of experience a lot can happen. there are still 523 days to go until the next election. neil? neil: what do you mean all my years of experience? you're saying i'm old is what you're saying. >> reporter: i shouldn't assume. neil: been a couple months. let me ask you in all serious, i always enjoy your reporting but if sununu runs as a new hampshire governor and a home state popular governor,

chris christie made new hampshire is launching site, eschewing iowa wouldn't that kill his plans? sununu placing your bets in new hampshire you're up against a big old hill, aren't you? >> it is interesting to see how many of the new hampshire lawmakers came out in support of trump. so for governor sununu if he were to trump in the race there would be a lot of questions about the viability within his own state because of course you have those other candidates have been spending their time there. yes sununu is a household name in the granite state. whether or not he is able to capitalize past the governor's mansion is yet to be seen. new hampshire obviously showing desantis' warm welcome. i think he is off to south carolina next. the positioning in the early states as you know, neil, for governor sununu the challenge would be chris christie would give him the toughest challenge, but chris triwill launch his campaign next-week. we'll see what happens then. neil: mark, your months of back ground and expertise -- reporter: my first day on the

job. neil: there you go. always enjoy you my friend. talk to brock pierce. you know him as mr. bitcoin way ahead of the curve with the technology. he ran for president. i only mention in the context what is going on today, there are a lot of people saying he might want to suit up again and they're already business types who are looking at other business types. jamie dimon's comes up. so, brock, if you don't mind, like to look at the political side of things and what you make of this move towards seeing business guys making a run. what do you think of that? >> well, first of all, as americans i think we always want more choice. we want more options to choose from. i mean certainly i agree with your earlier statement. as of today it looks like a biden-trump rematch. if we are, as the american people going to end up with other choices it is because other candidates have thrown their hat in the ring. so i think it's wonderful thing that we are getting options. because i think that serves the

best interest of the public. pence is obviously been known as a candidate that was likely going to run for a while. you know, again, pompeo and liz cheney, many are on the map early on, when it is nikki haley, tim scott, the republican field is emerging. a bunch of potential challengers, desantis, seeing if trump can be dethroned. on the democraticside we're obviously seeing a whole lot less. the incumbent, everybody forming around that. robert kennedy obviously being the front-runner but there is not really expected to be a primary there. he has a big uphill battle. i think he is showing quite well early on. you have the center of the field. if there was ever a moment certainly in a biden-trump race where the american people wanted to see alternative to the blue and red, or two party system, this is a prime time for that. no labels has achieved its ballot access. obviously the libertarian party has pretty good ballot access.

if ever there was a moment to see a third party candidate have a relevant role, the best we've seen since call it ross perot. we're in for interesting election no matter what happens. to the american people, the future will happen to us or with us and so it's important that we exercise our rights and participate in this very important election. neil: have no labels, brock, have no labels folks talked to you? i believe they've clearance on almost all state ballots? some other third party candidates do not. which means we could have third or fourth or fifth parties depending on the state you're in but have they talked to you? >> i guess i will comment on this. because we have been seen in public so i have had a number of meetings with no labels in the same way i'm talking to democrats and talking to the republicans, everyone in between. i'm very actively involved because i'm deeply concerned about our collective future and yes, no labels is one of those

groups that i'm in regular communications with and, helping to think through what is in our best interest. i'm not personally attached to my role in any of this. i just want to make sure we, the people, are well-served. neil: you mentioned the third party roles. last big one was ross perot in 1992. got 19% a staggering vote more than any candidate in american history but not a single electoral vote. i wonder if that is the rap, the fate of a third party candidate? a lot of people who would vote for one generally say it is a wasted vote. i would like to vote for them but i don't think it would help anyone, certain hi not the third party candidate. what do you think? >> i completely disagree with this concept it's wasted vote. we need to act according to our conscience, vote for what we want versus against something we don't want. there are examples of third party candidates winning. look at jesse ventura in

minnesota. the ross perot instance is an example, you are correct in your statements but his campaign went basically, it shut down midway through the election. neil: he was in, then he quit. he came back in. real quickly on that, brock, rap on third party candidates especially business guys who come in like a ross perot, like you, maybe like a jamie dimon, you will get you know picked on and focused on a little bit more because of all your money. people say that had to be gained through nefarious means, that is not fair or right. but in jamie dimon, big connections, big banker, this country admires wealthy devices it is also suspicious of them. i'm wondering wondering if thatt the case, your case too? >> well i mean i think merit is important. what have you accomplished in your life? what are your relevant skills. what successes have you had. people clearly active in the business world will face a lot

of scrutiny. will have to be under a magnifying glass. they will have to answer a lot of questions. unfortunately for jamie dimon might be one of the most qualified potential candidates, since michael bloom berks financial crisis, trust has been eroding in the financial system. i do not think there is election where a banker will farewell. i don't want to criticize his qualifications. clearly one of the most qualified business people we could have running for office. i don't think bankers are in favor. like we saw with maguire in the new york mayoral elections. neil: you're no slouch yourself. if if you run tell us first. brock pierce. bitcoin foundation chairman. we have the jobs report out tomorrow so the debt thing is less of an issue than a jobs report that could be so strong it could be a case of good news being bad news tomorrow and poised for the fed to raise rates because it's so good. it is always weird but it's what

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another presidential run. hard for businessmen to do that. we mentioned ross perot getting 19% of the vote in 1992. we mentioned other big business guys are teased to make the same run. jamie dimon being pushed. i am old enough to remember they were pushing lee iacocca to do that. i remember when steve forbes entered the republican primaries for president in 1996 and 2000. there is sort of a blueprint for this, very successful business types do enter these races. the rap, steve, always great to have you my friend, you can't get very far. it is hard to break that control, that conventional candidate of any type seem to have in either party. what do you say? >> it is but i think it can be done. donald trump obviously did it in 2016. neil: absolutely. >> did a hostile take over of the republican party you might say. i think the mood of the people is it ripe for an outlyer like

jimmy carter was in '76 or people forget ronald reagan in 1980. people are open to somebody from outside of the established candidates absolutely. neil: do you ever think -- >> they're not happy. neil: in the case of donald trump maybe they're outlyered enough, that he could get the party's nation, would be uphill battle to win the election. poles don't seem to show that. he is just as competitive with joe biden as ron desantis is, plus or minus a couple points here and there. i don't know what you read into that. that is the rap. what do you think? >> i think it is much, much too early. i think we'll see people start to pay attention starting in august when we have the republican debates. people will want to size up candidates and with these debates there will be several of them, you will usually see emerge a a cinderella candidate breaks out on the debates. it happened before. whether it sustains or not is remains to be seen.

you will see a lot of volatility, people are in a mood for real change of outsiders who demonstrated they can get things done whether in politics like desantis in florida or in business. neil: on the business side i don't want to overplay this there's a suspicion and admiration, like a love/hate relationship we have with wealthy individuals. we love to hate them sometimes. >> right. neil: we admire their success but then we start looking into it, get under the hood a little bit, we start saying well, this jamie dimon guy, he is a big banker. he is earning, become a billionaire being a big banker and he has operations in china and we start examining all of that sus suspiciously so. what do you think of that? >> if you run you have to right out of gate so to speak establish your own agenda. they're discussing what you're putting on table. if you rely on background they will find it in picking things then hit you on, big things,

small things, you're on the defensive. tough get out to say this is why i'm running. here is my platform. the person who comes up with a reaganesque positive platform i think will be a formidable candidate. none have really done it in detail yet. i think we'll start to see that later this summer. neil: everything is seen through the prism of your wealth, right, steve? you were looking in a very big flat tax proposal. i can remember media saying well, steve forbes would certainly benefit from such a proposal. you countered that you also countered critics, just a single issue candidate and all. that is what happens to wealthy candidates. not all. we should point out john kennedy emerged from the house and senate to become president. he was the richest president we ever had. his family owes to that. it didn't hurt him. it didn't hurt fdr you get my point. they came from traditional backgrounds that jamie dimon striking out alone could not.

>> what i think we'll see again just as john kennedy even though he had a conventional political background he was not a big figure in the senate. lyndon johnson in those days was but kennedy broke precedent on religion and being something of an outlyer. i think you will see precedent-breaking things happen in this election cycle even though it may not have happened before. people are looking for somebody to lay out something positive, plausible for the future. they will forgive any things you may not have been a perfect human being, none of us are, where can you take the country? can we trust you? can we brief in you? your platform, principles are what this country needs? neil: it is ironic look at jfk and fdr, they were heroes of the working man. they were so removed to the working man. if you think on that side of it doesn't really matter. it is remarkable. get your take on this year. it is getting to be a crowded

republican field f i'm donald trump i'm liking news vice president pence will join in the fun, chris christie, the north dakota governor, crowded, close to as crowded as it was in 2016. we know what happened then. what do you think happens now? >> it is always tempting to sigh it happened in the past. therefore it will happen again. yes you will have 15, 20 people looking at it but i think the field will be narrowed very quickly. one is you need resources to do a sustainable campaign. why for example, former secretary of state decided not to run even though he had support in the evangelical community and the like. i think you will see other candidates, they will announce. but i think early next year a lot of them will drop out. those who don't perform well in these early debates are not going to get traction so i think you could see the field narrow very quickly. again people will want a candidate who they think can win the election. and if donald trump can demonstrate that he can make breakthroughs with suburban

voters and independents, he will be the nominee. others i think could make a breakthrough. people are looking. so whatever they're telling pollsters today they want to look at the field, they will have a very large opportunity to grinding gauge these candidates elsewhere in the early states get to see them in person, talk to them in person, in iowa, new hampshire and elsewhere. neil: you're right about that. this exact time back in 1976 jimmy carter was polling less than 2%. i think he went on to win the whole shebang. that was then. we'll see what happens now. >> right. neil: good seeing you my friend. >> thank you, neil. neil: steve forbes on all those developments. we're monitoring lots of things on this show. the whole debt thing as it goes to the senate. not only political storms but a real one off the gulf coast, may be the first hurricane or certainly major storm of what could be a very long and busy season. we're on it after this.

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♪. neil: not only the first day of june, it is the first day of the hurricane season off by the atlantic ocean. we're watching a development off the florida gulf coast right now. amy freeze, fox weather correspondent in fort myers with more. what are we looking, amy? >> neil, i'm in fort myers beach, a few hundred miles off the gulf of mexico where this storm is trying to get organized. right on cue we're own the first day of the season. this is cluster of storms trying to get organized. we have mid '30s, 30 mile-an-hour wind sustained.

it is 91-l, weird name. this is invest. we investigate these types of situations to be potentially storms we name. the national hurricane center has their alphabet call list. if this become first named storm of the season. it would be arlene. we should know they have given it 50% chance of development. we're looking at this, within 24 hours we'll know. question for fort myers beach which was hit really hard by hurricane ian, you told the stories, neil. the folks have their eyes fixated on the storm. there is disaster fatigue here. they want to know what will happen. we think impact will be very minute minimal for the peninsula of florida but it's new season. neil: thank you, my friend, amy freeze from fox weather. if you don't get their app, you're missing the whole thing. talk about a barbecue you want to have a month from now they can spell it out to a single cloud looking at or if you're

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neil: all right. you know i talk to a lot of people in manhattan about how many people are back at work and in their offices. i look out over avenue of the americas, 6th avenue, i'm told half have returned. a lot of those offices are empty. a lot of them are losing money. corporate real estate is in a

world of hurt, commercial real estate more to the point. a lot have that on their books. barbara corcoran took this to the next level, people have it on the books, still unpopular, people will not come back, it will be a bloodbath. all she had to do was use the word bloodbath, man, oh, man, with the liz claman interview. kelly o'grady with more on the impact there. >> reporter: good to see you, neil. the term bloodbath is visceral image. the commercial real estate industry could be facing a cliff like barbara said. in los angeles some areas we're seeing office vacancy rates of over 25%. if you zoom out nationwide, you see office vacancy rates at 30 year highs. the big reason people are not necessarily keen to come back to the office. remote work is a big reason why. that is hanging on from the pandemic. companies like meta are also downsizing their real estate footprint along with their

workforces. that will be a problem for building owners with 450billion due in debt payments by end of this year. to make it worse morgan stanley suggesting that real estate commercial prices could drop as much as 40% from the peak. give you context that would be more than what we saw in 2008. i spoke with an expert in the space here in los angeles, many office builds are late on the payments or underwater completely. major players like elon musk are sharing concerns. he actually tweeted earlier this week that the commercial real estate industry is quote, melting down fast. what could make there a perfect storm, the chaos we've been seeing at regional banks. musk predicted the banks could go down if office owners struggle to pay loans. barbara corcoran shared a similar sentiment yesterday. >> of course they're at risk. you look at portfolios they have 25% of assets in come mesh hal real estate.

you can't take that kind of a hit and keep ticking. they will be in trouble without a doubt. >> reporter: the problem is not just with the commercial real estate industry. when you don't have folks coming into office like this, restaurants, businesses around there. homelessness, crime starts to bubble up. that is where the phrase the doom loop comes. well less people want to come back to the office. it just keeps going. it's vicious cycle, neil. neil: thank you, kelly o'grady. want to go do don peebles, ceo foundation and good with money and political connections with both parties but, don, i i wanto pick up with what kelly is talking about a commercial real estate bloodbath. do you agree with that? >> i think there will be significant stress in commercial real estate. i am not sure it will be a bloodbath. barbara's focus is on residential. commercial office buildings are very low leverage. one of the things you worry about in a crises like this that

banks get hit hard. i don't believe banks will get hit hard, because they made loans that are 50, 60%. i see value in markets like new york city, washington, d.c., chicago declining between 30 and 40% and many of these private equity funds that actually own the assets, take blackstone, for example, they will cut their losses and move on. they have raised another 30 plus billion dollars for example in blackstone's case. they will be buying. so the market is changing and it's correcting and there will be tremendous buying opportunities i people starting in 204 and 2025. and there will be a lot of losses in that space. due to a couple of different things. as was discussed about crime, quality of life, taxes and also new york city for example, manhattan's office inventory is functionally obsolete. they are old, tired buildings, reached the end of their economic life and now with interest rates at a level three

times as much as they were a year or so ago, they're not fundamentally functional anymore economically. neil: a lot of banks have these on their books. they don't want to be too seriously underwater on this but it is still too early to tell. don, if i could tap the political side of your brain which party is better suited, more keenly politicking on this, in other words campaigning on this making people familiar with this? which party then or candidates seem to have the edge on this issue about safety, crime, getting back to work, concerns about that, all of that? >> well i think that the republican party has an advantage when it comes to quality of life issues with urban cities, for example. economic policies and taxes. i think that those are going to be some of the key drivers. there is also what's happening in the economy, the rapid increase in interest rates and

government spending gotten out of control. so i think that would play to republican candidates who generally are going to be more focused on fiscal responsibility, saving money, cutting expenses, living within our means. i think the democratic party will counter with not leaving anyone behind. coming up with more social programs and other safety nets that they believe americans want and, i think that ultimately americans want a stable economy. they want interest rates to stablize and they want to be safe in their homes and in their communities and so i think they will look more favorably to some of the messaging from the republican side. neil: real quickly on joe biden, we talk a lot about the republican candidates but he is facing two challengeers of his own. about a third of democratic voters prefer somebody else other than joe biden. what do you make of that? >> well i think that the that president biden had anticipated, actually made the commitment to

be a transitional president, so what i thought that meant, many people did, was that he would serve one term and his vice president, kamala harris would serve as president or run for president this time around. unfortunately she's struggled in terms of favorability and the president has decided to run again. i think what we're seeing saying with robert kennedy, with him polling at 20%, those are democrats that have just said, they are not going to vote for this president, for whatever reasons they have, age or policies and they're looking for any alternative. i think that is a, somewhat of a danger zone for the president should another democrat that got a wider appeal getting into the race. i mean i think gavin newsom who flirted with it probably should be running this time if he ever wanted to have a chance being the democratic nominee. neil: biden would have to step down in that event but maybe not. we'll see how it sorts out. don, always good seeing you.

>> good seeing you, neil. neil: don peebles. as far as i know brian brenberg is not running for president but he is on a hit show. he is telling us what is coming up on said hit show. brian: you are correct sir, neil. president trump making return to campaign trail making his pitch to voters. some defense spending spent on treadmills for cats. we can't make this up. but more "coast to coast" is next. ♪. (fisher investments) it's easy to think that all money managers are pretty much the same, but at fisher investments we're clearly different. (other money manager) different how? you sell high commission investment products, right? (fisher investments) nope. fisher avoids them. (other money manager) well, you must earn commissions on trades. (fisher investments) never at fisher.

(other money manager) ok, then you probably sneak in some hidden and layered fees. (fisher investments) no. we structure our fees so we do better when our clients do better. that might be why most of our clients come from other money managers. at fisher investments, we're clearly different.

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♪ neil: all right. this whole a.i. thing might have you worried about the future of man, some of its earliest pioneers say it could lead to the extinction of humanity here never let that get in the way of a good buy. that seems to be the case as artificial intelligence stocks, nvidia, leader in that technology races ahead. i think it is up 170% on the year. has market valuation in excess after trillion dollars. will this continue to go on? is this the lead force as technology returns as a leading

group? jay woods back with us, luke lloyd back with us. jay what do you think? a.i. is the latest catalyst in technology but the latest technology that seems to be storming back, what do you think? >> i think we're still in the early innings when it comes to a.i. technology. we saw what nvidia did just this recent quarter and that guidance, that guyed dance was unbelievable. somebody we never seen down here. what followed up marvel. it got a little too euphoric, but pulling back to give investors opportunity to buy again. c3.ai went up 58% on heals heels of those two reports. it is down five dollars on the day. we're watching broad come. we'll see what they do after the bell. it is all about the guidance. as far as technology goes i think there is long way to go. i'm watching what elon musk does here as well because he is involved. neil: you mentioned c 3 ai

surprised everybody. the ceo will be with charles payne in little over an hour. i look forward to that. luke, when you see the big names behind a.i., they sometimes go back to the traditional names. microsofts, googles, alphabet, what have you. is that a safe way to play it if you don't want to go wholly just an a.i. issue? >> i think it is one of the best ways to play it just because their pure exposure to a.i. is not just a.i. they have so many different segments of the business, right? i think we're in early innings early stages of a.i. technology itself but when it comes to certain stocks they're ahead of themselves. we owned nvidia and broad comb. we recently trimmed nvidia and broadcom. this a.i. technology is getting ahead of itself in the short term. it makes more productive and more money eventually but we're years away companies adding significant revenue and

profitability not bottom line. these multiples are getting pretty extreme and pretty crazy. from a stock standpoint from our clients we're looking to add a.i. derive sieve plays, stocks not as sexy but have traditional a.i. touch to them. one of the stocks we picked up, emerson electric, industrial company, pretty boring in a lot of investor's eyes. we've gone through the industrial revolution and now we're going through automation revolution which is concerning economically if i had more time. software, emerson does it all. we're looking at non-sexy stocks that had not much loaf but to pick up they get the love eventually. neil: jay, if you want to play the group as aggregate invest in nasdaq 100 or proxies or etfs or technology stokes as a group or is that too vanilla? >> no, it is not have flim la because there is a very volatile sector and a lot of risk involved. luke hit it out of the park mentioning microsoft, google, leadership. you want to find diamonds in the

rough but want to be diversified. a new etf, chat, technology etf and that has a food basket of these stocks, some of the big names like microsoft and google, nvidia luke mentioned as well as up-and-coming diamonds in the roughs that could take off. if you want to be more diversified, look for that etf, luke mentioned some great names as well. neil: guys, i want to get your quick thoughts on what's going on with rates. we talk about what the federal reserve might or might not do. market rates have been backing up on the nation today notwithstanding the economy will pick up a little bit more from here. depends now on your view whether we go into recession all bets are off but luke, how do you play just the interest rates and market rates more to the point? >> well, right now i think, market is pricing in another rate cut for sure happening in another month or so so i think rates are going higher. we have not beaten inflation yet.

inflation is still below 2%. we have not beat inflation in the federal reserve's eyes. rates are going higher. stick to the short term, short duration bonds paying four or 5%. longer duration you go, you will get whacked as rates go higher. four 1/2, 5% on short-term bonds, rates going higher, bern fitting from the rate increases on unused cash sitting in savings accounts, i know so many people still that come up to me talking to me how they have so much cashing on the sidelines in the checking account that is earning half a percent, 1% in a bank account. open a high yield savings account. pet it into etf, bil, something like that, earn 5%. you're missing out on so much money right now. take advantage while you have it because this won't last forever. >> even apple is offering four plus percent on new account they're doing through goldman sachs. gentleman, thank you. >> key is when the time comes rates go lower then what to do with it with the timing aspect. neil: buy food. just buy food.

guys, a thank you both very much. always learn a lot. we'll have more after this. .. 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 dad, we got this. we got this. we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this!

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house. it would scrap president biden's proposal to forgive $20,000 of student loan debt and left the pause that has been in place since the start of the pandemic on loan payment. student loan forgiveness is unconstitutional and the 3 b's have got to stop. >> no reason worldwide hard-working waitresses and truck drivers who didn't accumulate their made decisions they didn't go to college or whatever paid for the degree of a tenured college professor, this is nuts. >> reporter: most democrats oppose the gop measure but a couple of them are expected to vote ford along with independent senator kirsten sinema. we know when this land on president biden's desk he will veto it but republicans are sending the message they don't support student loan forgiveness and are showing president biden that. neil: let's go to what is coming up on "the big money show".