on board. >> you're going to hawaii. >> cheryl: biggest on time record always the best year-on-year is hawaiian because you go from island to island, it's great to have you both here we'll do a check of markets before we send it over to the next show because right now, dow futures are actually negative by 24 points, nasdaq has gone negative and the s&p is higher by a point. obviously, oil is the big story today. we're going to be watching both of these contracts, brent and crude. they have decided let's just cut a million barrels per day even though nobody else in opec wanted to do it but i'll leave it there because ashley web myfoxla.com is in for stuary varney. ashley: i am and aloha to you cheryl casone. good morning, everybody i'm ashley webster in for yes, stuary varney. the new york times is getting criticized for a call about

president biden. in it they describe biden as being sharp, fit and having striking stamina. okay. we're going to take that one on. meanwhile, former twitter ceo jack dorsey endorsed robert f. kennedy jr. and he wants to see primary debates and guess what he's predicting that kennedy will win the race. we'll talk about that. former fbi director james comey bashing president trump and proving people are right to be concerned about partnership in our government agencies. comey claims trump could be wearing an ankle monitor while accepting the gop nomination. we'll tell you what he said also about biden. let's take a look at oil. big story this morning, jumping after saudi arabia cutting oil production by a million barrels a day. that could mean of course higher prices at the gas bump, oil moving higher there it is up 2.5 %. let's take a look at the futures as the trading week kicks off with a nice rally at the end of last week.

today it's all very muted a mixed bag the dow slightly down, s&p slightly up and the nasdaq slightly down, so there you have it very mixed. apple's worldwide developers conference kicks off today expected to launch their first major product in nearly a decade we're going to tell you what that product is. yes, it is monday, june 5, 2023. "varney" & company is about to begin. >> let's get straight to it. a quiet sunday afternoon, in washington d.c., was disrupted yesterday with a loud sonic boom good morning, lauren simonetti. take us through what happened. lauren: good morning, ashley. first just listen to what that sonic boom sounded like for people enjoying their lazy sunday afternoon. >> [loud boom]

lauren: lucas tomlinson confirm ed it was two f-16 fighter jets dispatched from the national guard. they scrambled to supersonic speeds to figure out why a private plane entered d.c. restricted air space. that private jet left tennessee. it was headed for an airport on long island but then took this erratic u-turn and ended up over washington. the pilot was unresponsive and eventually his plane crashed into virginia. it was not shot down. i do want to clarify that and unfortunately, ashley, there were no survivors. among the dead the owner of the plane's daughter and two- year-old granddaughter and no word yet on what happened to make the pilot unresponsive. ashley: oh, dear. all right, lauren, thank you very much. take a look at this piece now, from the new york times.

it says, "the two joe bidens co- exist in the same president, sharp and wise, of critical moments the product of decades of seasoning yet a little slower and a little softer and a little harder of hearing little more tentative in his walk, a little more prone to occasional lapses of memory in ways that feel familiar with anyone who reached their ninth decade or has the parent who has reached their ninth decade" but does that person really should be the leader of the most powerful country? it's a good question for charlie hurt. charlie good morning. critics called this police slob erring and embarrassing. what do you make of it? >> yeah, i think bud light and target are higher than the new york times as their pr department. they would probably fix all of the problems they face these days but honestly if you were from mars, and you landed on earth and you saw the most powerful country on the planet was lead by joe biden and you

would scratch your head and wonder how on earth did this guy become president of the united states, and then you could show them this piece from the new york times, and then you would understand exactly how this guy became president of the united states. it is a disgusting and dangerous white-washing of the problems plaguing president biden, but it just goes to show the lengths to which people like new york times and a couple of the reporters on this piece are people that have been covering washington for decades. i've known both of them for a very long time. they are very seasoned reporters they have covered the white house for a long time but this is how completely dedicated they are now to partisan politic s, and to sort of air air brushing somebody, the president , in order to protect him and i think it also underscores the degree, the lengths to which i think the new york times will go to in order to keep him in the white house if the alternative is

somebody they don't approve of and in this case, donald trump. ashley: right. all right, next one for you, charlie. it's not just the media whose trying to defend biden from criticism. federal democrat jamie raskin trying to down play concerns about biden's age. listen to this. >> i think that joe biden rightly says that he has grown very wise in his many decades in public office and i respect that , so i think that he deserves to be judged by the results of his administration and what he's gotten done in terms of a bipartisan infrastructure law that inflation reduction act, lowering prescription drug prices. really that's what should matter to us as the people. ashley: charlie, congressman raskin says we should judge biden on the results he's delivered. how do you respond? >> oh, i think he will definitely be judged by the results that he has delivered but you know what's interesting about this is no

amount of spin from jamie raskin or the new york times can cover up what people know and feel and that's what's so damaging, i think, for the biden administration about that fall at the air force academy. it happened live on television. no matter how much many in the media will try to suppress that, and keep people from see ing that, the world saw that and that's an indelible thing that people will remember and it goes to his age but also in terms of the results of what he's produced people feel it every time they go to the gas pump and the grocery store and joe biden will be held accountable for that. ashley: all right, we'll leave it right there. charlie hurt, thank you so much for being with us on this monday >> great to see you. ashley: always appreciate your input. yup, thank you, charlie. former fbi director james comey is giving his two cents, you could say, on the 2024 race. lauren, we know he's a never- trumper no doubt about that but is he willing to

support a different republican candidate? lauren: not a chance he is biden or bust and here he is saying so to jen psaki on msnbc. >> you're a republican mast of your life and you may still consider yourself one but voted for biden in 2020. do you intend to vote for him again or is there anyone on the republican side you might consider if it's not trump? >> it has to be somebody committed to the rule of law, committed to the values of this country, and i'm not talking about policy. people can disagree about policy the president must be someone who abides the law in our constitution, and there's no one else but joe biden. lauren: yeah, not sure the democrats want him as many still believe he's reopening of the hillary clinton e-mail investigation two week brass the 2016 election gave the victory to donald trump but that's if you want his two cents that's what comey has to say. ashley: we hear it. also, staying on 2024, lauren,

elon musk is going to give robert kennedy jr. a plaque form for his campaign against biden. do we know where that's happening? lauren: twitter spaces today at 2:00 p.m. eastern time and hopefully no glitches and more americans can hear from a biden contender since biden won't debate them and this the twitter co-founder jack dorsey publicly endorsing rfk jr. for president. his announcement here, he can and will, also shares his interview that rfk jr. did with fox in it rfk jr. stresses that biden should debate him and other democrat opponents to better prepare him to debate the republicans. it's prep work he says. ashley: it's what democracy is all about. all right, lauren, thank you very much. let's take a look at the futures , at the top of the show there a little muted today after a nice rally to end the week last week. guess whose here? our great friend jeff sica. jeff i was looking at nvidia which is i guess one of the most

prominent plays for the a.i. sector if you like because everyone is talking about artificial intelligence. it's up 169% year-to-date. is this a bubble? >> well, i would say, ashley, i've owned this stock. i've been talking about this stock for years on the program. right now, it is consuming the rare air that only amazon is in with the trillion dollar valuation and again, they're capitalizing on the frenzy for anything related to artificial intelligence. it happened before with netvidia when their market cap doubled during the cryptocurrency surge, doubled and then cryptocurrency cooled and declined 48% and what i think we have with netvidia is a very very good company and a company that will capitalize on artificial intelligence but what we also have is we have unrealistic expectations.

we have a stock that's priced to perfection. i think they have a good future ahead of them but i would really warn your investors out there, ashley, to not chase this stock. it's not going to holdup the way some people think it will. ashley: do you think, jeff, investors are ignoring some of the warning signs? look the u.s. economy, the jobs report, very resilient but core inflation still, you could argue, perhaps stickier than expected. are these things that investors are ignoring right now? >> yes, ashley. what i would say is i've used this obscure song lyric from sound garden that the markets are looking california but feeling minnesota, so we're supposed to feel good about the jobs number. we're supposed to feel good about the supposed end of the bear market, but there's a lot on the horizon. even look at the market rally. the market rally has been seven stocks. its been 1% of the s&p 500.

this market has the worse breadth than any market that i've ever seen and the divergence between the very big stock and medium-sized stock s is greater than its been in two decades so i would really hesitate and celebrating or feeling really good about anything right now. ashley: a very cautious jeff sica this morning we appreciate it, jeff. always coming in with some very honest comments, as always, jeff , thank you very much. coming up, by the way, has president biden moved too far to the left? well west virginia senator joe manchin thinks he has. listen to this. >> not ready to sign off that joe biden has been moving to the middle. >> i think that joe biden, that's his inherent who he is. he's been pushed to the far left and that far left has not basically where the country is. ashley: well, the question is, is that why jack dorsey is

endorsing robert f. kennedy jr.? interesting isn't it? we'll get into it. migrants pouring into new york city but the big apple still has its sanctuary city status so the question is will this problem ever end? new york congressman claudia tenney will take that on and more 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.

your best defense against erosion and cavities is strong enamel- nothing beats it. new pronamel active shield actively shields the enamel to defend against erosion and cavities. i think that this product is a gamechanger for my patients- it really works. say goodbye to daily insulin injections with omnipod 5... a tubeless system that automatically adjusts insulin to help protect against highs and lows. try it today. go to omnipod.com for risk information and instructions for use. consult your doctor before starting on omnipod.

as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network, with no line activation fees or term contracts... saving you up to 75% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities™. municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists

at 1-800-217-3217. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. ♪ i'm here waiting for your change of heart ♪ ashley: beautiful shot looking at lake george in new york, up state new york, where it is

currently very nice 61 degrees. great part of the state. all right, well now this. congress is set to vote on on the save our gas stoves about to block government overreach from the department of energy. claudia tenney is the republican s from new york. a friend of the show. she joins me now. good morning, congresswoman. look, even if this makes it to the president's desk, how can we stop this overreach? i mean, it's ridiculous that we're even talking about it, right? >> absolutely, and this is insane. 40 million people have gas stove s. i actually am not one of them, but i think my new home that i'm moving into does have a gas stove so i'm going to be cutoff because of this crazy law new york state is now run by hard left democrats one party rule, and they cast this extraordinary bill, which is, i think, it's not just about gas stoves. it's banning the use of fossil fuels which is new york state is so dependent on especially in

update new york. i look at the energy grid for the united states. 60% is still relying on fossil fuels. the other 19% is nuclear, so all the nuclear power plants in the state of new york are in my district which are going to be mandatory for providing base load power because wind and solar are just not reliable, they aren't cost effective, and they aren't going to get us through the cold winters and not heat our homes the way that it needs to be not to mention we don't have transmission lines but i think the gas stove issue just hits home to most people, because it literally gets to your everyday life of just cooking in your home. ashley: exactly right. i want to move on to this subject obviously a big talk. new york city mayor adams made a surprise visit to migrant center s to check in and "make sure everything is okay" but how can he complain when new york city has always touted itself as a sanctuary city. this is reality right? >> he really can't complain because not only is new york

city a sanctuary city. there's numerous cities upstate and also remember, they wanted, kathy hochul the governor wants to put a lot of these migrants into colleges, state university and new york system at the expense of the taxpayers on the state level , and the local governments are going to have to fit the bill. think about how dangerous that could be. i say, and former governor patterson criticized adams for not being ready for this although i'm sure he probably supports the sanctuary policy. this is really unfair to taxpayers all over the state, but think about this also. we have a lot of colleges who only take a small fraction of state funding, usually, and some federal funding through grant programs and scholarships. think about how many of them are sanctuary colleges. why aren't they with their method endowments and big private colleges well-regarded ivy league colleges in new york maybe they should be helping the taxpayers of new york by taking these migrants. honestly i'd rather see us not

have this policy because the cartels are controlling. i have the northern border, part of the northern border security caucus, and this is like, this is a major issue for us, because we are, you know, we have people coming through our border because of the stress at the southern border. ashley: yeah, it's begger's belief is the only thing i can come up with and these migrants are they properly vetted? i don't think so. we'll leave it there but congresswoman claud a tenney great stuff as always thanks for joining us. by the way staying on the migrant issue, a group of migrants was flown to sacramento lauren do we know where they were flown from? lauren: originally they crossed the border into texas. then they went to new mexico ashley, and then they were flown to sacramento, california. we're talking about a group of 60 migrants from venezuela and colombia and flown to sacramento and promised work there but governor gavin newsom and the

state's attorney general are saying florida governor ron desantis had a hand in this transfer. they say the migrants, the pamphlets the migrants had were similar to the ones another group of migrants had last year when desantis flew them to marthas vineyard and they say desantis manipulated and mistreated the migrants. ashley: i'll just move on from that but talking of mr. desantis , the florida governor, how's he going to handle the issues at our border if he wins in 2024? lauren: pretty harshly he was speaking in iowa at senator joni ernst's roast and ride and said he would shutdown the southern border. watch. >> i've heard as a republican talk about the southern border for years and years and years. i will finally be the president to bring this issue to a conclusion. we will shut the border down. we will build the border wall. we will end mass migration into

this country and we will held the mexican drug cartels accountable for the carnage they have unleashed on the american people. >> [applause] lauren: and the crowd cheers. look, ashley, republicans are trying to one-up each other on the border because it's an issue popular with the party and frankly with most americans, because we're seeing what's happening with our tackses and the drugs coming in. so, this is extending beyond the presidential wanna-bees, right? you even have republican governors in five states recently sending national guard troops to deal with the surge at the border, so this is a popular talking point, but i think it goes beyond that. ashley: yeah, it's definitely a key issue, it should be for everyone but anyway, lauren, thank you very much. let's take a look at the futures if we can all very muted ahead of the opening bell which is coming in just under seven minutes. the dow and the s&p very slightly higher, the nasdaq just slightly lower. the opening bell is coming up

next. ♪ ♪ thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪ there's no going back.

gold is an investment that delivers returns and protects wealth. with millions of ounces discovered and growing, your investment possibilities with nighthawk are endless. think beyond. ♪ shelves.

shelves that know what taste buds want. shelves smart enough to see, sense, react, restock. ♪ so caramel swirl is always there for the taking. the chase ink business premier 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! 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.

ashley: all right, welcome back the markets well the pre-market at least is pretty much on the pause button right now as we say that a nice rally at the end of last week. let's bring in keith fitz-gerald to talk about all of this. keith, good morning to you. can this rally continue? can we pick-up from the end of last week? >> i think we can. i think we're going to see short-term profit-taking as the market comes to terms with opec, probably geopolitical en vents in china and of course the fed will rollin with something silly sooner or later but yes it can continue. ashley: [laughter] i asked jeff sica this question. are investors ignoring the fact that look, we have a very resilient u.s. economy. we have resilient job market. we have core inflation still pretty sticky right now. it's hard to get it, you know, down to where the fed would like it. do all of those things speak of and i know we use the recession word all the time but is there still that threat of a recession on the horizon?

>> well eye got to tell you, jeff is a very bright guy whom i respect tremendously. i think that the investors are not only underestimating the impact of all of the money that wants to grow but they have hidden down with the sign on their rear end that says kick me when it's over. that's not going to happen so i think the market does have legs. there's a lot of money that wants to find a home and the best companies continue to do that. my take is we're exiting a recession even though it wasn't officially called that. ashley: exactly. all right, well, how about a couple of stock picks? who are you liking this morning and looking at? >> well, i'll tell you, there's no question i'm going after microsoft because that stock can continue to run. it's just about to my target of 350. i think we're going to get 375, 380 which puts me in with dan ives or so right about that territory. chevron is another one. the opec, the only reason i think the price of oil isn't gone sharply higher is because china is not yet on board but the moment those two figure that out it's very deadly and

dangerous for the west. ashley: but also i think opec said that pretty much they will stick to their production goals for the rest of this year, so yes, the saudis have cut production by a million barrels a day but it's not perhaps as deep a cut as we thought. >> well, respectfully again, i think the only reason, ash, they didn't cut it harder, deeper, faster was because china is not on board or yet in a position to be on board. the moment they figure out who get the yuwan to replace the dollar then we're talking game time. ashley: oh, boy hopefully that's not the case. keith fitz-gerald as always thanks for joining us. >> [opening bell ringing] ashley: there they are, clapping it's monday morning. the bells are starting to ring and they will push the button to officially get this session underway, and that rally again lasted pretty impressive on the back of the incredibly strong may jobs report. the buttons are pushed, the trading begins. the session is underway. let's take a look. the dow up 20 points, up 0.6%

gain, so it's all all very muted and chevron is an oil play, jm, salesforce.com down at the bottom it's all essentially flat , the banner says it starts flat to kickoff the week. let's take a look at the dow 30 stocks and then at the s&p up ever so slightly a tenth of a percent at 4,287 getting past the 4,200 resistance level we'll see how that works out and the nasdaq again ever so slightly higher essentially flat , but let's take a look at some of the big tech names, we always like to do that when we're talking about the nasdaq. mixed bag, we have meta and amazon moving lower, slightly, but apple has its big conference kicking off today. they're up three-quarters of a percent microsoft up slightly and alphabet essentially flat. talking of which that apple developers conference as we say kicks off today. lauren? are we going to see more about this virtual reality headset? lauren: i think so.

ashley: is is what the big announcement is? lauren: first of all, the price tag is rumored to be $3,000 and that's six times the price of meta's latest headset, and it's also rumored to have hand track ing so it could be controlled without and external controller, but is that what people want? is that what's next for apple in this iphone era? look they have been developing this for seven years so is it now or never for them? does it pay to be late to a party that never started? i'm being cruel, ashley. the stock if it closes here it would close at a record high, so maybe people disagree. also expect some developments on watch. it is rumored to have a mood tracker in the health app. we'll know more the event kicks off at 1:00 eastern time today. ashley: a mood tracker? i can see it now. i'm not coming into work today. my watch tells me i'm just not up for it. lauren: that be awesome. ashley: wouldn't it? yeah, so bad news for dollar

general this morning downgraded by who? lauren: morgan stanley cut them to equal weight. they say they just aren't as defensive as one would expect in this high inflation environment. they take their price target to 180 from 235. they aren't the only ones. jpmorgan cutting their price target to 187. obviously the stock is below both of those targets right now. ashley: it is indeed. let's talk about electric vehicle sales. how did tesla, how have sales been for tesla in china? lauren: really good. 77, 695. china made electric vehicles sold in may. that's about a 2.5% jump from april, but if you look on the annual basis, sales rose 142 %. obviously, a year ago, the shanghai factory and much of china was closed because of covid. the numbers are promising but just to consider tesla's rival in china byd, their sales were about 240,000 in may. that be a five-fold increase.

so, tesla is doing well, some others are doing better than the last says la stock up 3%. ashley: all very impressive isn't it? now this story the s&p 500 going to drop dish network so i guess the question is, when is that happening and who replaces it? lauren: yeah, prior to trading on june 20, and then dish goes into the s&p small cap 600, who replaces it is the cybersecurity company we've been talking a lot about dan ives favorite palo alto networks get promoted into the s&p 500 they have been on a terror up about 5% now and more than 50% this year, ashley. ashley: they've earned it. let's take a look at the energy companies. of course, you know, they are all up on the opec + cut today? lauren: yeah, but look this is a pretty muted response. the best in the bunch here on a percentage basis conoco phillips up 1.8%. so saudi arabia came out, pledged to cut production by

another 1 barrels a day. that starts next month, and then they aren't sure how long they would extend those cuts for. so basically they want $80 a barrel oil and they will do whatever it takes to get there. oil is at 73 and change now. the saudi energy minister called this cut a saudi local lollppop to get the price back up near 80 and there are so many moving parts to this story. we'll see. there's big demand, if we can get to $80 a barrel but it's just unfortunate that we're subjected to this considering we're sitting on so much of our own oil going untapped. ashley: i know and that's the thing that kills us every time but also opec said it's sticking with its guidance for the rest of the year so yes the saudis are making cuts but to keith fitz-gerald point, they are waiting for china trying to wrap up its economy if the price of oil goes flying up that could have a big impact. lauren: absolutely and then you add in hurricane season and some

production problems potentially in the gulf of mexico, and yeah. goldman sachs sees oil wti at the end of the year at 95. that's painful. when the national price for a gallon of gasoline pushes closer to four, people start to change their driving and their buying patterns. ashley: you know, when the price of oil goes up the prices immediately go up at the pump but when they come down it takes a while doesn't it? lauren: isn't that amazing? always. ashley: well you know what jeff flock is covering this story for us and we'll hear from him a little later on about what this could mean for all of us at the pump. great stuff lauren. thank you very much. let's take a look at the dow as you see. well, it's flat. 33,000 off by five points. take a look at who is on the winner board. well apple yes ahead of its conference, developers conference, amgen, walgreens boots alliance, chevron, the oil play, and ibm up nearly 1% today

s&p 500 we have some names you recognize there, tesla, of course we just talked about. marathon oil, diamondback energy devon energy so yes a lot of oil companies on top in the s&p 500 and as for the tech-heavy nasdaq, palo alto we just talked about them, tesla, sirius xm radio up more than 2% and there are the other names and moderna also on that list. let's take a look at the 10-year treasury yield if we can. that's always an indicator for the big tech stocks, the higher it goes the worse it is essentially for the tech stock that's up 5 basis points at 3.74%. take a look at the price of gold we haven't talked much about gold recently. its been kind of, well, it's down $8.70 at $1,960 per troy ounce. let's take a look at bitcoin, which has been recovering. it was up close to 26,000, now it's down $486 and it's still around 26, 758 and the all-

important price of oil, crude oil, west texas up 2% at $ 73.31 of a barrel, so that is definitely moving higher but to lauren's point maybe not as high as we thought it might. nat gas up almost 5% at $2.28. let's get back to the average price for a gallon of regular it is $3.55 across the united states but if you live in california you pull up to the pump you're paying 4.86. thanks to taxes and everything else. all right coming up, china displaying aggressive behavior, a warship got within 150-yards of a u.s. destroyer. listen to what house intelligence committee chair mike turner said about it. listen. >> what we're seeing is an unbelievable aggression by china. they are trying to, you know, flex their muscles and advance authoritarianism. we need to stand strong and this administration needs to stand strong against this type

of coercion. ashley: not surprisingly china defending its actions. kt mcfarland will be here to take all of that on. olympic legend kerry jennings is launching a women's volleyball team in san diego. why not, and she's teaming up with joe burrow. she will be here to tell us all about it and the ceo of bank of america brian moynihan says his company plans to slow down the hiring process and predicting a mild recession and we need an economist and guess what? stephen moore is here right after this. ♪ ♪

ashley: well as we say let's take a look at the markets.

a little mixed the dow slightly off the s&p and nasdaq slightly higher just take a quick look at apple if we can just hit an all- time intraday hyatt 183.65 and if it finishes above 182.01 then at the end of the day then that will be a record close for apple of course it has its big developers conference later today and a much-talked about mixed reality vr headset, augmented reality with virtual reality. i don't know. anyway, it's a big deal apparently. now this. egg prices, talking about reality. have been at record highs for months now, so the question is, are we going to see a drop anytime soon, lauren? lauren: yes and you probably already have. so prices peaked above $4 this winter for a dozen eggs. i mean that's not counting the organic eggs which were like 10 bucks, but they are starting to come down to $2, even under that in some food stores. let me give you the latest data. this covers the month of april

so it's slightly back-dated but by the end of the month prices were averaging about $2.70 per dozen so that's quite a bit less than upwards of four bucks, ashley. ashley: we'll take it. all right, lauren, thank you very much. now this. bank of america ceo brian miosotis familia any hahn says his company is slowing down hiring, and he's also predicting a mild recession. listen to this. >> are you slowing down your hiring right now? >> yes, we are. last may we hired 3,000 people, this may we hired 700 people due to the attrition rate has slowed so much we need to trim headcount so we'll be down 3,000 this quarter. we're not making layoffs, trying to do it by attrition but even that slowed to half what it was last year, basically third and fourth quarter this year into first quarter, a mild recession and unemployment gets up in high 4% range. still very low by historical norms, and that's our core prediction. ashley: well there you have it. stephen moore joins me this

morning, great to see you, stephen. do you see a mild recession by the end of this year? >> hi, ashley, good to be with you. you know there's a new terminology out there right now i don't know if you've heard it called high employment recession which kind of seems like a contradiction in terms but this is the idea that look. the jobs market is still very strong, as we saw from the report that came out on friday, with more than 300,000 jobs created, and yet, what's wrong with the economy? well you're seeing wages continue to fall relative to inflation, even though egg prices are coming down. inflation is still a big problem for families, and then you have a manufacturing, you know, really pullback on manufacturing you see a lot of increase in credit card debt, i'm really concerned about that, ashley. people are spending more money than they have and they are acting like they are the federal government or something because they keep spending and borrowing and then you just see all these other kind of problems with the economy in terms of business

men and women really concerned about where the direction is headed, so i'm not going to predict a recession because it kind of is wrong for the last eight months, ashley? they keep saying a recession is right around the corner and it hasn't arrived so i think we can skate around one but the academy is in a precarious position right now. ashley: very quickly before i go to the next subject, steve. does that mean the fed may pause this month but then may be forced to hike again? >> you know, if i knew the answer to that one i'd be a very rich man, because everybody is trying to figure out what happens next with the fed, as everyone knows, they had been advertising the fact that they were going to have this pause on rate increases. we've had 10 rate increases in the last what, 14 months. now, with this stronger jobs picture, you know, maybe. i'm going to go with a pause, but there was also a lot of talk remember a few weeks ago about maybe the fed starting to lower

rates. i don't see that happening immediately. ashley: no. no. i agree with that and now i want to get to this subject, kind of changing gears. school choice seems to be gaining steam across the country we hear about it all the time. do you think this is an issue for republicans that can really make some gains in 2024? >> this is the , i'm so glad we're covering this , ashley, because it's a gigantic sonic boom story one of the biggest political economic stories of the year, so there are about 12- 14 states right now. most of them red states around the country, that are looking at expanding educational choice options whether it's vouchers, what are called efc's which are educational savings accounts, tax credits, to allow low income and minority parents to pick better schools for their kids, and the momentum for this , ashley, is largely a result of the fact that people are still so angry about what the teacher

's unions did and what the public school systems did, in shutting down the schools during covid and a lot of people move their kids as our family did, we had to move our kids out of the public schools to private schools and catholic schools that were open, so here is the bottom line. right now, we have i think by last count around 10 or 11 states this year that have already enacted big school choice initiatives. i love it, by the way. why shouldn't any parent in america regardless of their race or their income have their kids go to a great school. i mean, why should it just be the rich that have their opportunities so i'm all-in on this and the big one to keep an eye on, ashley, is texas. there are three votes away from passing the historic measure in the lone star state that be 5 million kids that would have opportunities to go to good schools. ashley: i'm glad i asked the question, stephen moore. thank you so much, for joining

us on this monday. he's fired up. let's get to this story. thank you. prince harry, oh, yes, he sat down for an interview with "60 minutes" and detailed his current relationship with his family. roll tape. >> do you speak to william now? do you text? >> currently, no. but i look forward to possibly being able to find peace. >> do you speak to your dad? >> we haven't spoken for quite a while. ashley: pretty sad. will the royal family ever squash the drama? royal correspondent neil shawn will react to that and then saudi arabia planning to make new voluntary production cuts. jeff flock looking at the next steps for oil and the growing cause for the u.s. to step up to avoid higher gas prices. stay with us. ♪

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] starting a new chapter can be the most thrilling thing in the world. there's an abundance of reasons to get started. how far we take an idea is a question of willpower. because progress... is a matter of character.

say goodbye to daily insulin injections with omnipod 5... a tubeless system that automatically adjusts insulin to help protect against highs and lows. try it today. go to omnipod.com for risk information and instructions for use. consult your doctor before starting on omnipod.

and this is ready to go online. any questions? -yeah, i got one. how about the best network imaginable? let's invent that. that's what we do here. quick survey. who wants the internet to work, pretty much everywhere. and it needs to smooth, like super, super, super, super smooth. hey, should you be drinking that? -it's decaf. because we're busy women. we don't have time for lag or buffering. who doesn't want internet that helps a.i. do your homework even faster. come again. -sorry, what was that? introducing the next generation 10g network only from xfinity. (jennifer) the reason why golo customers have such long term success the future starts now. is because we focus on real foods in the right balance so you get the results you want. when i tell people how easy it was for me to lose weight on golo, they don't believe me. they don't believe i can eat real food and lose this much weight.

the release supplement makes losing weight easy. release sets you up for successful weight loss because it supports your blood sugar levels between meals so you aren't hungry or fatigued. after i started taking release, the weight just started falling off. since starting golo and taking release, i've gone from a size 12 to a 4. before golo, i was hungry all the time and constantly thinking about food. after taking release, that stopped. with release, i didn't feel that hunger that comes with dieting. which made the golo plan really easy to stick to. since starting golo and release, i have dropped seven pant sizes and i've kept it off. golo is real, our customers are real, and our success stories are real. why not give it a try? ashley: saudi arabia going to cut oil production again next month. jeff flock this morning is in paulsborough, new jersey.

all ready, jeff, everyone wants to know. are gas prices going up and by how much? reporter: well, the answer is yes, and i don't totally know, but it's not good news what just came out of the vienna meetings behind me you see the pbf refinery here in paulsborough. you know who be getting a break on gas prices. the national average is down to 3.55 and its been that way for the last month a whole lot cheaper than it was a year ago but out of the this meeting with another production cut the analysts say and i quote one of them who says gas is not going to become cheaper. if anything it will become marginally more expensive. it was a contentious meeting in vienna among opec ministers. saudi arabia wanted everybody to cut production, and try to get prices up, but they failed to get other people to go along so the saudis wanted a loan. that brings to a total of 4.6 million-barrels a day cut from world oil production over the course of the last nine months, and the saudi oil

minister put it this way. listen. >> i have to credit the saudis. we will do whatever is necessary to bring stability to this market. reporter: the lollipop was the concession of the other nations. i leave you with this , ashley, as we talk about you know the need for more production. how about here in the u.s.? not good news on that front. the baker hughes rig count has u.s. rigs at less than 700 down 15 rigs in the past week down 72 rigs in, well since december, so this year. yeah, we could use more oil here guys here at pbf would love to have cheaper oil. wouldn't you? ashley: we have it. we're just not using it. all right, jeff flock great stuff as always, thank you. still a ahead, guy benson, kt mcfarland, joe concha and nigel farage. the 10 a.m. hour of "varney" & company is next.

♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ . .

♪