surgical precision and another 25 basis points, not a huge impact but look where there's opportunity in the markets. biotech, big pharma and the representative vice president from astrazeneca, precision medicine and a lot of other advances this week showing cancer care long overdue, drugs that are making impacts and keeping people alive so i think that's promising fertile ground. you see the evaluation of these play from one to 10,000,000,030,000,000,000. >> i'm glad we went and spoke with the executive at astrazeneca. tomorrow morning of the show, we got senator ron johnson, michael mccall will talk about foreign affairs. in the meantime, have a great day. thank you. bernie & company starts right now, ashley webster and for stuart varney. >> good morning.

i'm ashley webster. new york's mayor adams made the city a sanctuary city but now he might want you to declare your home as a sanctuary. the mayor paying everyday new yorkers to shelter migrants in their own homes. we will get to that story. governor gavin newsom threatening ron desantis with kidnapping charges over the migrant flights in sacramento, california a sanctuary state so why is newsom so mad? we will get into that. has oversight committee chairman will begin hearings against christopher reg. congressman andy biggs will be here with the latest on that. as for the markets is tuesday morning, a little subdues as we wait for inflation data and fed meeting next week. what will they do? can't say the same for target in the last $15 billion in market

values since the controversy over his pride clothing displays. elon musk predicting it's only going to get worse for the retailer so we will tell you what he's saying about all that. by the way, prince harry is in court in london giving test testimony, phone hacking. the first british rule since the 19th century to enter courtroom witness box. fascinating. tuesday, june 6, 2023, varney & co. about to begin. ♪ >> lived to win as he looked on

sixth avenue. people go about their business. let's get right to this, nikki haley says republicans are running against joe biden in 2024, they are running against kamala harris. >> let's be very clear, if they think it's going to be president biden, a vote for president biden is a vote for president harris. we are running against kamala harris, make no bones about it. the new york times and every liberal knows it. it's kamala harris who will be president of the united states if he wins this election. >> white house press secretary karine jean-pierre pushing back on those claims. here's her reply. >> this is the president intact during 2020 people said he's not going to win, he's not able to get it done, no way to be the next president he made it happened. in 2022, same thing because of what the president was able to

do and make sure there was a message out there, americans can see what he's been able to do and what democrats were able to do, he had one of the best midterm outcome for a new democratic president in 60 ye years. >> okay. it's interesting, isn't it? rachel is here this morning, great to see you. is nikki haley right? is the race against kamala harris, not joe biden? >> i will answer but first i have to respond to something karine jean-pierre said in the clip when she said everyone thought joe biden couldn't win in 2020 and he did. he did with a lot of assistance from the deep state, the intelligence agencies from former intelligent agents who said the laptop was disinformation have the american people known about the corruption and the big guy, there clear polling that shows

donald trump would have won that election and that's with the assistance from the media and everybody who had 90% negative coverage of trump versus joe biden so let's put that to rest but nikki haley brings up excellent points. indeed, the democrat party doesn't want you to think about it but is true, there's one concern, they need joe biden to last and it's hard to imagine stumbling and falling across world stages they need him to last until the election because they know kamala harris couldn't win this election, they need joe biden, at least he has some chance, definitely more than her but if he is elected, nikki haley is right, they are going to do to joe biden what they did to diane feinstein and quickly push him off the stage because for the democrats, it's not about competence, it's about checking boxes so joe biden can win but the idea of having a black woman as a first president

must matters to them. incompetence -- you can see from looking at karine jean-pierre, she's gay, she's black, she's a woman, that's what they care about about everyday she's up there as press secretary, we can compare to dana perino and our own kayleigh mcenany, she obviously is not up for the job. >> i get a lot of questions going about my life. people say ricotta president whose way too old and we have his backup, his vp and capable of answering questions straight. she has this ability to let with these words house that are nonsensical and this is what the republicans are going up against. biden in the basement trying to position kamala harris to be

more prominent but she's incapable of being confident so you think about it. >> joe biden on policy terms, in terms of how poorly the economy is run but he's going to get a lot of assistance from the media, a lot of assistance from the way they've rated the vo voting, the drop boxes and all of this. that's why it's super important for republicans to pay game. i was a purist when it came to the voting, i used to say should only vote election day and only use paper ballots. i wanted to have a holiday on voting day but that's not the rules anymore. they changed the rules, we've got to play by the rules, i will drop boxes in front of walmart, gun stores, i want it in front of anyplace republicans go as

well. we need to play the game to win and i think we can because unfortunately, this economy and joe biden's performance on the global stage has made it dangerous and i think people are waking up. >> we will leave it there but terrific stuff as always. rachel, thank you very much. appreciate your time. staying on the 2024 race, president biden working on holding fundraising events for his campaign, good morning to you, do we know when, where this going to happen? >> pencil in june 28 in chicago but reportedly who helped raise money for the dnc and chicago to help raise money for the biden campaign which has not released fresh fundraising numbers so it looks like they are looking for more money. >> i would say that's true. we've got a few shakeups we should mention for the 2024 gop light of. >> mike pence while paperwork to

run so he's in and he's going to formalize that tomorrow in iowa. he's running against and far behind his former boss, this is his stance. i'm conservative but not in a bad mood about it so maybe he will have a friendlier tone. no friendly tone from the chris christie can't campaign said to make his run official 6:30 p.m. tonight in new hampshire, he's the attack dog. he's not afraid to quote punch trump and finally the new hampshire governor is out and says others who are in and pulling hello need to drop out by christmas. >> very good. you very much, let's look at the futures as i say, very subdued, eddie is here to talk about it. you've been up there for quite some time now but you've missed out on a rally, mega cap stocks, there's been hopes, a pause or

the interest rate hikes, all of this combined and feel like you may have made a mistake for being so cautious? >> we've been cautious a year end a half and when you look back if you are being objected, you will always have mistakes in hindsight. from the management, even with this rally, is still not where it was when we got accused for our clients but one mistake i was say we did make was miscalculating how reckless the government was going to be and backstopping banks and trying to add additional stimulus to delay the inevitable and that turn was in march and what i should recognize if i'm being objected with myself as we always are as we push ourselves to be the best at what we do is when they came in to save the banks, the market was heading down to new lows and the backstop they did a raised about six months worth so we should recognize that would

collect stimulus and put the backdrop to the market so it's a mistake made and that's on us but just a near-term fix. >> you pointed out never underestimate the ability for government to spend a lot of money. let's move on, the big question is, what are you buying? >> we've been waiting for summer, we think we will dip in the summer that we will buy in the area we are looking at is small caps. we told clients in the beginning it provides a nice website, they traditionally leave when you get out of a bear market, still beating up so small caps, retail and energy sector and there will be a dip to get back in tech at some time but we are continuing to be patient and those of the run up. those small caps and energy spaces and retail i think are going to be even lower than today and october lows to get

into those this summer to start a position. we are not going all in because there's still quite a bit ahead of us and i think it will be a mistake. >> we will leave it right there. terrific stuff. thank you very much. coming up, the governor of florida ron desantis doesn't have high hopes for republicans in a trump versus biden rematch. roll the tape. >> i think in 2016, the voters that dislike trump and hillary sided with trump and 2020 and 24. they dislike both but were probably default to biden. >> interesting. we will get into that and migrants flood new york city, mayor eric adams want new york's house them in the private residence. nicole malliotakis will raise the question, has the mayor lost

his mind? the congresswoman is next. ♪

new york mayor eric adams calling on residents to welcome migrants into their homes. medicine is following this st story. good morning, how exactly would the mayor's plan work? >> the city from the taxpayer would pay landlords and private residence to house migrants and their homes. it's important to note this is not official and the key focus,

why is that official is because of the landlord rights so new york city, if you live in the building 30 days, you become an official tenant. meaning to be evicted, you need to go through formal or process. if a person welcomes and asylum-seekers into their home and there is a problem under current new york city law, it would be difficult to have the person removed. like i said, it's not yet official but what is in terms of asylum-seekers and new yorkers, charges will be opening their doors to asylum-seekers. the city is teaming up with 50 houses of worship, paying them to host 19 single male migrants each night in their churches. they are the latest entity to open their doors to asylum-seekers. there are 143 hotels and nine humanitarian emergency response and release centers housing migrants. churches seem to be added to the list.

>> seeing hotel operators, churches and maybe even private landlords suddenly become essentially poverty, profiting off the price in ways we haven't seen. if you own a hotel, that's probably the time because it's good because if you want to make a contract with new york city. >> mayor adams says the city spent $1.2 billion on the crisis this fiscal year end projected to spend 4.3 billion by june 2024. since last spring, 72000 asylum-seekers have passed through new york city. by now, 46000 are currently in the care of the city. >> addison, thank you very much. of course they keep coming. nicole malliotakis is a republican from new york and she joins me to talk about this. good morning. i know you're not a fan of this plan, right? >> of course i'm not a fan, it is outrageous.

not only does new york city have a housing crisis, we have an affordability crisis. people renting apartments for thousands, people are having difficulty paying their mortgage, their rent and keeping up with property taxes and the mayor is telling hard-working taxpayers they need to pay so individuals who have crossed illegally into our border can live rent free. what planet are we living on? it's outrageous and the mayor i've said before, needs to challenge and he is by the way, finally after i've been calling him for years, the challenge to write to talk shelter law, it will go before a judge because it was intended for homeless new yorkers, citizens who go in difficult times, to give them shelter not for individuals who just entered our country last week or citizens of third countries and of course this will continue to incentivize individuals to come over, that's

what's going to happen, they keep coming because you give them free housing. >> what strikes me is the fact that for so long those people especially in new york and other cities far from the border, we are very critical of efforts to prevent people from coming illegally into the country, 2000 miles from where it was happening but now it's on the doorstep and they are getting a taste of what texas has been dealing with for years, a little bit of this is the reality of the situation. they change their mind, migration across the border. whatever happened to homeland security? >> you are right and the city post 9/11 world, new york city of all places should understand the dangers of having an open border. we found terrorists suspected fbi terror watch list attempting to cross over even in the interior we found them but in

addition, you have the fentanyl to kill millions of americans found on a regular basis, the drug cartel set up operations in cities and it needs to be stopped and can only be stopped if the president on does the policies he put in place and secures the border or the houses border security bill we passed last month and senator schumer has not passed our bill for his own bill so he has to do something so he can reconcile differences move forward so senate schumer doing something on border security, we will continue to see this crisis and we should not have a mayor who continues. with got the new york city council speaker, new york city finance chairman here lobbying more money continue to add shelter, so they can continue to provide housing for migrants. i'm not going to support that type of policy. we need to get border security and place and work with immigration, too. we should be addressing issues of jesus and judges and other

matters so we can have proper asylum process that flows in order at the border but right now it is unacceptable. >> absolutely, close the border. thank you so much for talking with us about this important issue. thank you very much. come back in here, this is interesting. what's this about new vending machines in new york offering crack pipes and narcan? >> there will be four of these vending machines in the drug infested areas that will dispense crack pipes so you can get high, the home to help the lips after smoking crack or fentanyl and narcan to resuscitate you if you overdose. also condoms and tampons convenience. this is great out of the playbook of san francisco, harm reduction. it doesn't work. maybe there is narcan to

resuscitate someone if they overdose but you're just keeping them as a drug user so new york city right now, every single three hours a resident is losing their life to a drug overdose. eight and ten times is fentanyl, fentanyl is getting stronger because the flesh eating sedative is on the street. they can install all the free vending machines they want, we need to get people off the streets and into treatment. >> what happened to diet coke and a kit kat? that's the machine i like. let's take the futures looking for direction, any one of those phrases you want to use, the dow off 27, s&p, nasdaq flat. the opening bell coming up next. ♪

a couple of minutes from the opening bell, features o'clock. david nicholas joins us. give us your take on apples worldwide developers conference.

the headset was the big reveal, is that the next product for apple? >> this was pretty incredible for apple. twelve cameras, five sensors, six microphones, each display is 4k resolution. pixels are 23 microns in size. this is pretty big move for apple. it's not technology that will be adopted overnight. look at this, i wouldn't be caught dead wearing one but it won't be long before this will just look like normal reading glasses so i think this will push us into the future and goes well for apple stock and investors by apple on pullbacks. >> let's change subjects, target, a company lost 13 billion in market caps since the fiasco with the pride line. are you buying stock? what your take? >> we are not buying the stock. two weeks ago we sold all of our target positions and we had

clients calling who were upset about it, we were upset and the thing that got us was target chose to partner with a london-based designer that sells satanic cultic lgbt clothing to children. without that was too far and then target ceo will down defendant that saying it's the right thing for society so we think management is so disconnected from the customers and millions of families and forms shop at target that love what they sell, they are getting it wrong. it impacts the stock and target stock belongs in history because they are so wrong it will impact earnings and profitability going forward. >> you've made your points very clear. thank you so much for jumping in this morning. we are up and running tuesday. yesterday the dow dropped 200, no big deal. s&p and nasdaq very slightly

lower. just waiting on the fed and inflation so there is a look at the dow 30. chevron, the play leading the way yesterday, the s&p down a tenth of a percentage and you can see look at the nasdaq, the tech stocks and nasdaq down a quarter%, down 33 points. look at the big tech names as we do. they're all in the red, amazon, microsoft, apple down a third of the% after the big reveal yesterday. the vision pro, the headset augmented reality, meta- platforms down half a%. his back to apple. the headset was clearly the highlight of the event. take a straight. >> vision pro number $3500. will be available for christmas

and you really look like darth vader wearing it, is awkward and clunky. they have no idea who would buy this because it's cheaper to buy a new tv, camera, surroundsound system separately instead of this device that supposed to do all that so they downgrade apple to neutral. there's a positive. dan says in two years time apple will cut the price on the device in half and it will so 1 million units right away when they cut the price because this is the device when you put it on and you look at your apps, it will display on a movie screen for instance, it changes the way you interact with the world and get information and will replace the pc. there are privacy concerns but that's where we stand. here are products apple announced, that the world fittest laptop that weighs over

3 pounds and then there's this feature in iowa 17 called live voicemail, this reminds me of the old school answering machine so when someone is literally leaving you a voicemail live, it will transcribe it and if you think that's important, pick up the phone and talk to the pe person. that's like back to the future, that's what we used to do before smart phones. [laughter] >> retro is always in some form or fashion. who are the big winners and losers from apples event? >> a huge winner yesterday up 17% so there the game developer working with apple for the headset. gamers will likely be one of the first. unity is another 1% today. look at chip makers, adobe, microsoft, creating 3d apps for this device. they were up yesterday, down

today. intel, huge loser, apple says it will use its own chip for new. >> pro computer that starts at $7000 in intel also down today. >> that's a lot of money. we know sec is suing but now going base facing lawsuit from the sec. >> the sec is saying they've never registered as a clearing agency depriving investors of disclosures and protections. they say it puts customers at risk and this has been going on since 2019. the sec is alleged 13 charges, this web of deception like artificially inflating trading volumes and diverting customer funds. yesterday investors hold about 800 billion from the financial exchange and these are the reasons big.is down, and the other popular ones are, to.

>> this next story surprises me because my wife loves to shop at cracker barrel's doors and she always comes out with something but cracker barrel reported for before the bell and she can see it down 4%. >> she's the only one shopping at cracker barrel. they breakout their numbers at the restaurant, they rose. they did raise prices and that's why sales rose but they were in the positive but they fell 4.6% at the retail store so that's the story. you can only raise prices so much and customers will slow down. that happened toward the end of the quarter and only fiona is shopping at cracker barrel. >> she did her best but clearly it wasn't enough. i don't want to tell her that. forbes recalling 100,000 vehicles. >> an issue with the engine potentially failing and potentially causing fire so ford

is calling back 125,000 hybrid suvs and trucks from 2020 -- 23 including the escape, maverick. they are blaming a defect in the manufacturing process. >> all right. this is heading toward 17 month high i believe. they've been writing the ai. >> i think there up this year so when we see declines for these ai type names, you can't say much about it because it's amazing thus far. this is a big data analytics company offering artificial intelligence software for manufacturing and industrial customers. they inked a contract with the government yesterday so this amazing run of his losing one and a half% today. >> a little bit of a pullback. profit taking.

we'll say that. now coming up senator tim scott squaring off with cohost of the view over past remarks about race. >> one reason i'm on this show is because of the comments made that the only way for young african-american kid to be successful in this country is to be the exception and not the rule, that's it dangerous offensive disgusting message to send to our young people today. >> there is more where that came from. tim scott bringing the heat to the view. take a look, mayor adams should be against obesity, not just stigma. doctor marc siegel wrote that and says we should not be stigmatized but also not ign ignored. the doctor is in and the commercial real estate market blow up in the middle of the 2024 election. we need larry kudlow to talk about this and give us advice. larry is next.

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looking at the markets, we are treading water slowly lower on the major markets but nothing too drastic. congressman james, and senator tim scott want to stop europe's progressive climate agenda for being imposed on companies here in america. edward burns is live at the white house. why does president biden, want to use europe's private rules, our companies here? >> it's all about that global wish by folks on the left to become totally agree, zero

emissions. president biden is back to pushing green climate agenda, plus how sticky it is over the past two weeks. the president almost daily we hear about climate transition he wants to make divorce on america going to electric energy. alexandria cortez and ed markey both reintroducing the green new deal, rick perry thinks it's a coordinated plan. >> this is -- let's just put the craziest most far out of touch ideas on the table and if we just get half of them, think how much further we would push america to the left. >> led by saudi arabia announcement of another oil production 1 million barrels a day, reducing oil demand, the white house falling back again on the agenda.

>> the president will stay focused on what's best for the american people in our economy making sure we are looking after those needs and that saudi arabia's be for themselves. >> the president having the justice department challenge the lawsuit brought by have to states in the nation trying to stop the labor department will with investments for retirement plans and the administration trying to heavily regulate. new rules on dishwashers so for this administration is climate above anything else. >> including inflation. great stuff. larry kudlow joins me, the perfect person to talk about this. talking about bsg environmental and social and government and blah blah, what does esg have to do with financial investing?

>> i should have nothing to do with it, zero. you are supposed to get the highest rate of return for your investors. you're not supposed to have various social, woke diversity, inclusion, equity and all of this. we had rick curry last night and we talked about this healthcare plan. as part of the esg movement. ed markey and madame aoc from new york, the last thing was $100 trillion. 100 trillion -- not billion, trillion this could be another 100 trillion and they want to use this as a socialist mechanism to nationalize all of healthcare and pharmaceuticals and fossil fuels, that's all this is and they are doing it in

the name of climate and the other side, the investors you mentioned, some of these guys have backed off by vanguard but others continue to push they'd rather have esg policies, and adequate retirement rate of return. they are going after toyota because the ceo toyota junior, they do sell a lot of cars in the united states, more production in the u.s. than japan so they are going after toyota because it's not green enough because they will do ev but the do other non- ev's and going after toyota. it's crazy, people reject and i want a good showerhead and gas burning stove and a good flushing toilet and i want hot

and cold running water. if i wanted to live in the 16th century, i would have chosen to live in the 16th century. [laughter] >> i love it. [laughter] before we go -- i am with you. a right to cable tv. 5 trillion and commercial. go ahead. >> no, go ahead. i was going to talk about the 19th century but never mind, let's not. >> all right, roughly one and a half trillion dollars in commercial real estate supposed to come do the next couple of years. could we see an economic time bomb for the presidential election? a lot of people are saying it's a big issue. >> it is a pretty big issue with commercial real estate. in these cities across the country office buildings are at

best, helpful and sometimes only a third so that plus the rapid raise of interest rates has made it difficult to hold these mortgages. interest rate is high. regional banks, i talked to kevin o'leary last week, regional banks hold a lot of this paper so be careful there. i think the money center bank, they hold a lot but their product line is diverse so they can lose money in one place and still make money and others. it could be an issue there. is it a time bomb for the economy? i think it is the minor time bomb, i don't think it will by itself but the curve, a big

story about commodity prices, studies cutting production but oil hasn't responded, money supply collapsed. i think your basic problem is these indicators, 13 straight months following. a lot of it has recession written all over it. commercial real estate to make it worse in some places absolutely. i don't want to downplay but i don't think that is the issue. i think got general decline and inflation is sticky. the fed will keep raising rates, it's all very unfortunate. 1920s were better, the 1980s were better, 1990s were better, a lot of areas are lived in, much better than this one. >> terrific stuff. we watch you in the 21st century, 4:00 p.m. eastern right here on foxbusiness.

i could talk to larry all day. coming up, espn host taking a break from sports to way and on 2024 and the white house probably doesn't want to hear it. >> what is got to say it so i will. we need a new president in 2024. >> how about that. brian kilmeade will react to it. former high school suing their state. they say they were unfairly force to raise against transgender athletes and that hearing is set for later today. the report outside the courthouse right after this. ♪

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rules that allow transgender girls to compete and female high school sports, nate boy outside the courthouse this morning. take us through the lawsuit, please. >> what makes the case

particularly interesting is the full court of 15 judges decided on its own two we hear a decision that three judges on the panel made in december, the three judges ruled against these female runners competed in the state of connecticut and the lawyer for the female runners tells fox news it could be a positive sign for the case. look at these pictures of forerunners off of connecticut suing the connecticut association of schools to have the high school records updated to what they would have been at the transgender athletes not been competing. they want to overturn the policy that allows biological males to compete against females. his one router this morning. >> i raised against to biological males in high school and lost metals, podium spots, advanced opportunities and eventually i lost two awards and forced champions to these

biological males. >> i mentioned the optimism, she says it's extremely rare for the school court of appeals to rehear the case. >> i think it is clear majority court of appeals looked at the decision but they said girls lost opportunities missed records didn't matter and decided it was not right and wanted to take a second closer look at that. >> and attorney for the aclu on the other side under title ix, all girls including transgender girls should be able to participate fully and equally in athletics in accordance with who they are. back out here, oral arguments begin today's hearing 2:00 p.m. we are not expecting a decision from the judges today. that will come in a written decision at a later time. >> great stuff, thank you very much. still ahead, mike huckabee,

arizona congressman andy biggs and brian kilmeade. brian and company, 10:00 hour of guardian company is next. ♪ ♪ ♪ .. shingles doesn't care. i go to spin classes with my coworkers. good for you, shingles doesn't care. because no matter how healthy you feel, your risk of shingles sharply increases after age 50. but shingrix protects. proven over 90% effective, shingrix is a vaccine used to prevent shingles in adults 50 years and older. shingrix does not protect everyone and is not for those with severe allergic reactions

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