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♪ ashley: move like jagger. the empire state building proudly pointed to the sky. it is 10:00 eastern time. let's get to your money. the market slightly lower but just treading water as we wait for more inflation data, the fed meets next week. investors holding their ground for now, slightly lower. the 10 year treasury yield, the yield itself up today, 4. 6 basis points, 3.7%, the price of oil jumped on the saudi production cut news over the weekend, it is right around $70.94 a barrel. let's look at bitcoin too moving lower but it is up $82,

bitcoin at 25,754. that is a look at the markets. this is a big breaking story. the pga tour, dp world tour are entering a new landmark partnership. sources close to negotiations tell fox they will be merging all their businesses into a new collectively owned for profit entity. not sure how this will play out. more details expected later on this morning. since the tour broke away, even if there is an agreement of sorts, we are not sure how that will play out. ron desantis does not think donald trump can win against biden if he is 's the gop nominee in 2024.

>> a lot of voters won't vote for him. they don't like biden and you realize the country is going in the wrong direction but they are not going to go there. in 2016 the voters the didn't like trump and hillary sided with trump. i think in 2020, and 24, they didn't like both but they would default to biden. ashley: default to biden. mike huckabee, great person to talk about with this. how do you think this plays out, so much talk about donald trump and ron desantis, who has the best chance against president biden, how does it play out? >> i think it will play out pretty rough. there's going to be an intense process but so far ron desantis has not moved the needle in his effort to bring the numbers down, donald trump is at 53%,

somewhere between 20 and 30 points and virtually 50 points above everybody else, his number is holding steady and not growing, the more he tries to destroy him on a personal level more his number is keep going up. for someone to say he can't win that is what they said in 2016. donald trump in 2020 got more votes than anyone had ever received running for president, but president biden got more than that which many of us scratch our heads over but the point being this idea that donald trump can't win is ludicrous on its face because he has proven that he can. ashley: i will switch subjects from politics to this. tax documents show the target donated to awoke group, nonprofit, the called among other things to shut down mount

rushmore, a symbol of white supremacy. they even wanted to demilitarized the military and impose sanctions on israel. target has lost $15 billion in market in the past few weeks over its pride themed clothing for adults and children. and they seem to be doubling down. >> i don't think they get it. the ceo is as dumb as a bag of rocks. customers are ditching them. my daughter and lies a great example, she used to be a very faithful target shopper, and not anymore. she's characteristic of the people they are losing. young mothers with children. they like to go shopping there. they used to like the experience and they don't. this is not a one off. this is where target decided to side with the most radical element of our society, they are giving money to the indian

collective which is the craziest bunch of people. they believe not only in demilitarized in the military whatever that is supposed to mean, the military is supposed to learn how to play checkers rather than shoot people. the whole point of a military is to kill people and break things, not to be sweet and kind and go up to someone who has a gun in their head and say would you please just maybe put the gun down. this group is more radical. they want to give away mount rushmore, they hate israel, they want to see israel wiped off the face of the map. they are into the green new deal, basically a radical anti-cop, anti-capitalism organization and you wonder how retailer say we hate capitalism? how do you make money? if you're going to be against capitalism if i were a stockholder in target and i'm not and never will be i would be dumping my shares of stock as quickly as possible because who wants to invest in a company that hates making money.

>> always appreciate it. and target could be had with legal trouble, >> keep a class-action lawsuit, what won't be long until there are class-action lawsuit against the company and board of directors for distraction of shareholder value. kevin o'leary is warning about losses. watch here. >> this is being scrutinized by lots of other boards right now. on the one hand companies want to show their support of diversity and all the mandates society is discussing openly. on the other hand the job of a business particularly from the perspective of an investor, maybe they are losing their way in terms of what the prime objective is, customers,

employees, and shareholders. if you start to get too distant or too too far from the primary mandate and the market has proven itself to really really punish you and it is woken up all kinds of things. >> here's the market for target down $15 billion in value after customers started to boycott target for their new pride collection. ashley: thank you very much, let's get back to these markets, very subdued, wait and see mode. the ppi, the fbi, the fed next week, the fed decision, treading water right now. let's bring in scott showandy, that is next week. 70% chance, will pause, and stop raising the interest rates.

>> or skip, the last word in the last week. the economy is on pretty shaky ground. a large part of the gains have been a small part of the index. the regional banks are still wobbling. those problems won't go away and there will be more hikes in the near future. a lot of folks left that island so i am on my own there but we also have a problem with the oil. if we see some sort of spike in that price which some folks think we are going to do because of what the saudi's did, it hasn't materialized that way but one or 2 things happen, oil prices come down because maybe we won't can't sustain the price because the economy is not doing well. that is what i think anyway. if we see the spike causing inflation to go up, causing the fed to raise interest rates which could throw us back into her recession.

any of those scenarios, don't think the economy is on great ground, the only thing holding anything up is the jobs, and the research we get, and you can't trade with the government gives you, and be aware things are not as good as they may seem on paper, all you do is open your eyes. ashley: you were telling us about a plan to kill 200,000 dairy cows over the next three years. is this about climate change? >> that -- it's a plan that has not gone through. they are looking at calling

65,000 cattle each year for the next three years to appease the climate crazies in the european union. it is absolutely madness but that is how, one third of greenhouse gases around the world are because of farmers but nobody ever says 100% of what you put in your mouth is from farmers, everybody forgets about that and also it is dairy month. is a bad idea to be thinking about that during dairy month. we should know. ashley: my best advice is don't visit ireland wearing that jacket. could be a tough proposition. thank you, appreciate it. you are looking at the movers. let's begin with mccormick. >> be of a says better supply-chain management and they are saying stock goes to

$100. winnebago are higher by 7% after they are liable for industries up 15%, huge earnings report, and they say their sales in europe rose 20%. and europeans are embracing camping, it is on this news, the new olive oil enthused copy. of you tried it? ashley: i have not. >> will be a third of starbucks orders, across 15 states. howard schultz came up with the concept. he was in sicily. he saw the olive farmers swallow up tablespoon of olive oil, thought there was something there and put the two together. i am italian. i like my olive oil. i like my espresso.

ashley: we should try it live on the air. worth a shot. that's a good one. in many people reporting are surgeon spam text messages. what's going on? >> an explosion of bogus text messages. 225 billion of them last year skyrocketed from 88 billion the year before. the fcc says 18,000 complaints, americans have lost $20 billion as a result of these bogus messages. your bank, retailer, mortgage company, they try to get in touch with you and solicit data from you, most companies don't text you, and built by $20

billion. >> now this, gavin newsom threatened ron desantis with kidnapping charges. newsom called desantis a small pathetic man flying illegal migrants to sacramento. we have the latest on this growing few. our navy got a lot of criticism for hiring a drag queen ambassador to persuade people to join the military. now the pentagon pulled the plug on a drag show. we tell you what the top brass has to say about the reversals. ukraine says russian forces have blown up a dam putting civilians nearby at risk. trey yingst will have the latest as thousands who rush to evacuate southern ukraine.

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ashley: a major dam in southern ukraine has been destroyed, drone video shows water gushing from the dam putting many residents at risk of flooding, drastic situation. trey yingst joins us this morning. give me the latest on this. what have you heard? >> russian forces destroyed the dam overnight in the country's southern kherson region. these new images show water gushing the remains of this hydroelectric power plant. thousands of civilians are evacuating low-lying areas as floodwaters rise. ukraine president barbara zelenskyy gathered the security council for an emergency meeting following the incident.

ukrainian officials are warning that the dam break could have severe consequences to the nuclear power plant that relies on water from the dam's reservoir. the international atomic energy agency released a statement this afternoon saying they will monitor the situation and no immediate risks. analysts say the event has long-lasting consequences for the crimean peninsula relies on this for its main water supply. millions of civilians will be directly by water supply issues in tens of thousands to avoid being swept away. the destruction of the cuyahoga dam. >> the destruction of the dam today could put thousands of civilians at risk and cause severe environmental damage. is an outrageous act which should demonstrate once again

the brutality of russia's war in ukraine. >> reporter: russia denies responsibly for destroying the dam, last october ukrainian president barbara zelenskyy warned the european council that the russians had mind this very dam. ashley: thanks very much, spring and brett forrest, national security reporter for the wall street journal joining us this morning. could this dam break, could it affect ukraine's counteroffensive in any way? >> great question. this dam break the day after ukraine unofficially launched its long-awaited counteroffensive. one of the goals was to dislodge russia from crimea and disrupt the land bridge russia had on the northern ridge from

russian territory to crimea. the flooding effects the low lands on the left bank of the river which is where russian forces are concentrated at least in the near term, prevents ukrainian forces from moving into that territory. ashley: this has been a grind by any definition. there's a missile here, an explosion there, does russia still have the upper hand? are we stuck on a stalemate with each side taking a little bit of land countering with taking back a little land, this could go on ad for an item. >> we been watching this for a while. and and in the beginning of the

war, and withstand russia's attack. the thing to keep in mind, when you think of how the war might end, a couple different scenarios, moving russia back to the federate 24th line where they occupied crimea, before larger offensives. could that be a moment if ukraine attains that when both sides take a pause, possibly think about a conclusion or are we looking at ukraine's determination to push russia completely out? ashley: would put in except the first scenario, the land they've taken to february 24th? >> hard to say. he's dealing with some internal pressures.

he has been very determined as we've seen to take kyiv, to take more significant portions of the country. hard to know where his mind is at the moment. and what is going on between ukraine and russia. defending the pentagon's dissension, despite canceled a scheduled drag show, what did millie say about it. >> the absolute right thing to do, drag shows were never part of dod policy to begin with and are not funded by federal funds. historically they were used to entertain soldiers. with military recruitment down in the navy recruiting this active-duty drag queen as their digital ambassador to help

attract new recruits. there's this overall backlash. so you have the chairman of the joint chiefs of staff and the secretary of defense lloyd austin saying drag shows our band but it is unclear if this is a larger band or just right now. ashley: thank you very much. now this. burgers and steaks about to get more expensive. this as we head into the summer grilling season. we will tell you how much more you are going to be paying. president biden's recent fall is the ultimate simple of america's plunging fortunes. ♪

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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]

ashley: let's look at these markets.

we've been open for an hour now and not going anywhere fast. the nasdaq and s&p slightly higher than the dow jones, essentially flat 7 points. a restaurant opened in washington dc and it requires a membership fee. how much are we talking, what does it get you? >> $25 per person per year, a great restaurant located in a luxury apartment building at the owners say we went unapproachable fee that we could charge customers that make them feel they are investing in something so you ask what you get for your $25 membership fee. they will have special wine tastings and kind of like a country club feel i guess. ashley: maybe. we will see. hopefully it won't catch on elsewhere.

analysts warning beef products like burgers and steak will cost even more and in time for the prime summer grilling season. jeff flock is at a butcher in philadelphia. how is this going to affect their business? >> i'm at lombardi's prime meats in south philadelphia. you are not the football coach. what are you doing here? >> trimming the nerves out. this is called the knuckle. when i cut it in steak or leave it as a roast, a thick nerve. >> reporter: this is old-fashioned butcher who does it the old-fashioned way. right now you know what you are doing. prices for beef are going up.

people not buying as much here. >> i think they are switching off a little bit. 10% price hike, pork and chicken. >> reporter: is that pork over there. >> absolutely. it is $4.99. it is a couple dollars. >> that's where the beef is. look at this number. this is the number of pounds of production they expect, they expect production to be down to billion. >> a lot of money. customers are going to be shocked. they want to cut down. >> reporter: what are you cutting. >> filet mignon.

these -- okay. cut them down. this is what you get in a restaurant. >> reporter: can you see that? >> do you see it? this costs you hear 10 or $11 apiece. it cost you in a different place, 15, 16, depends where you go -- that is $10 a deal. got to wear an apron. >> i want you to cover. ashley: you look very natural, i take the filet mignon medium rare. >> reporter: maybe i should investigate this as another line of work.

i have been a butcher all my life. ashley: i don't know, thank you very much, good stuff. a good person to talk to, the former see ke restaurant ceo who joins me now. good morning to you, andy. how high do we see these prices going, people struggling with inflation, prices are coming down but not beef prices apparently. >> you are still getting people every month. that makes increases with respect to things like steak more impactful. it's going to be a while. one of the main reasons prices are going up his drought conditions, pastors go dry, cost of feed goes up, hard to keep the cattle so we have seen a lot of herds get slaughtered.

until we get supply backup, these prices continue accelerating. ashley: i will turn from groceries and meet prices to politics. you have an op-ed out now that says 35 trillion reasons why frail biden's latest stubble is the ultimate symbol of america's debt ridden plunging fortunes. make your case. >> i don't write the title for these op-eds but i really thought president's fall is a metaphor for what has gone on with the economy and america in the international arena, we keep stumbling, we keep falling. the debt ceiling deal should have been easier to negotiate. i don't see why there shouldn't have been bipartisan support

for reducing our deficit and debt now that we've come out of the pandemic. we have inflation accelerating. it is down from 90%, but 4% and 5% isn't 2% and 2% is the head start. we will continue to see action by the fed to bring interest rates down, inflation down, interest rates up and the economy doesn't seem to be reacting as you would expect it to react to these interest rate declines because of government spending. there's a lot of money. if we want to support the fed we should be pulling back, not spending more arguing about how big the deficit is going to be. we should be talking about how to eliminate it. ashley: going to have to leave it right there but always fascinating stuff. hope you are enjoying middle tennessee. thank you very much.

pacemakers and insulin pumps could fall victim to cyber attacks. doctor marc siegel will tell us how we can protect ourselves in the next hour. apple unveiling a mixed reality head said, the first major product release in nine years. our tech expert ray wong will give us details on apple's new vision probe but. is it worth the money? right after this. ♪ ♪ the chase ink business premier card is made for people like sam who make...?

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unregistered broker for years. kelly o'grady joins us. this is the second big crypto lawsuit in two days. >> you can say the crypto crackdown 2.0 is happening. the sec is doing coin base of this morning, yesterday, those are two of the largest exchanges out there. the sec is charging coin base with operating is unregistered security's exchange saying we can't ignore the rule, the stock is down on the news 15% today. coin base did ipo in 2021. folks are wondering why this wasn't flagged as an issue before. i didn't just hear back from coin base, they are saying, quote, the sec's reliance on enforcement only approach for the digital asset industry, and economic competitiveness. the crypto world is panicking,

coin base seeing 72 million-dollar outflows in the last 24 was, finance is bigger. they are losing 814 million since it broke yesterday. they did sue the finance exchange and 13 charges in total including running an unregistered trading platform and commingling and diverting a customer asset, something brought against spf and ftx. they are also accusing them of market manipulation. i want to share statement with you, by nance fired back, any allegation that they have ever been at risk are simply wrong. i spoke to my sources in the industry and the feeling is more of this is going to be coming but this whispers consumer confidence. >> clear evidence the time has run out.

a lot of activitys they are doing are securities based activities, what we see in the intermediate term, the custody activity surrounding crypto migrate to ecosystems that are registered and licensed. >> reporter: the point goes to the outflows we are seeing, perhaps we will see them migrate over and you can see cryptos are up this morning so regulation may be spurring consumer confidence. ashley: there's a lot going on and thanks for breaking it down. i want to look at apple if we can. the company unveiling the new vision pro mixed reality head set. some people say it's their first major product release since 2014. it will start at a whopping price of $3500. ray wong joins me now. you are a tech guy for sure. is this new headset going to be a game changer in your mind?

>> this is deftly a game changer and here's why. you've seen a lot of version about mentor reality, virtual reality, the meta-verse, and the biggest reason is not having enough developers or ecosystem to build content. you need the device which is very sexy, content and distribution network that apple has in this apps store. that makes the difference but it is also a device that has been easy to use, easy to look at, we are going from typing and touched to gestures and voice. that's making a big difference. for everyone that has tried it so far they said it was easy to use and very intuitive and less queasy then you get on virtual reality device. ashley: a lot of pushback, it's

not available for this upcoming christmas or sometime next year which some have found a bit are. >> this is the first push. not designed for the average consumer but developers. we expect to get a million headsets in the hands of developers, ecosystems, bob iger talking about what disney will be like in the meta-verse environment or the vision environment. it is a chance to get the vision out there so amazing content will be created. that's what is missing in the other ecosystems, you get a hot device but no content and no device. ashley: fascinating stuff. we will be talking more about it. thanks for taking the time to chat with us. interesting story, isaiah rogers is being investigated by the nfl. he is accused of making bets on his own team. we have details on that.

tim scott goes head the head with the view host with racism in america. >> the only way for young african american kid to be successful in this country was to be the exception and not the rule. that are dangerous offensive message to send to our young people today. ashley: tim scott laying it on the line. he is the only candidate who can disrupt the left's narrative. brian kilmeade on that and more next. my name is shannon knight, and i own little knights daycare. carolina sports incorporated. a paradise for parents. lomita feed, current caretaker and owner. we did not know anything about the employee retention credit.

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ashley: take a look at these markets. they turned slightly higher, the dow up 63 points, nasdaq upper third, the s&p up about a third. guess what? it is 10:50 one on the east coast. that means it is time for brian kilmeade, the hardest working

man in the tv entertainment world. you sent me the lead in and i didn't get it right. 2024 presidential candidate tim scott sat down with the hosts of the view and went after their messaging on race. i will get your comment. >> i am the exception. you are the exception. goldberg is the exception. >> reason i'm on the show is the confidence 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 are dangerous, offensive, disgusting message to send to our young people today. ashley: putting it on the line. tim scott, what do you think? >> that host is a very successful lawyer, anchor, host, saying we are the exception, hasn't been any

black republican senators are democratic senators, you can't -- not the exception. i am an example of what it takes to be successful in america. everybody need luck to get these great jobs but telling people they are not going to be successful, america is racist, does nothing but destroy a generation of americans. that his point. nobody, very few people could have the odds, more stacked about them. i saw where tim scott grew up, the small house that he and his brother grew up in, a single parent situation and saw what he is now and he's running for president of the united states. why don't we hold that up as an example? why marginalize that? it makes no sense. ashley: doesn't play into the left's narrative. this story, espn host steve smith wants a better democrat candidate for 2024. it shouldn't be biden.

listen to this. >> we need a new president in 2,024. response abilities that are far more extensive than typical 9-to-5 that somebody in their 80s may not need. the presidency is one of them. what does this say about our country when looking at an 80-year-old, 82 if he wins the presidency again in 2024? >> looking at benjamin franklin. ashley: is the tide turning against biden a little bit? brian: why wouldn't it? we know the debt ceiling negotiations you covered extensively on fox business leaned heavily on fox news, he had nothing to do with that. his stance was i will not deal with this at all even though he had 30, 40 years on record of

dealing with debt ceiling, barack obama sent them out to deal with republicans when it comes to raising the debt ceiling. he took a terrible position, put his peoples back against the wall. and negotiating he wasn't there. when it came to rolling up your sleeves he went on vacation. it gets to the point against the g-7, overwhelming it, in the air force academy, the story that he stops working at 4:00, gets up at 10:00, doesn't work weekends, not capable of doing the job. the people around him to keep him on his feet. you have to wonder, he broke his but, broke the medical report, has trouble moving it. that makes it easier to slip. you slip at this age it is trouble but what about what it looks like, symbolism for our nation, taking on china, an opportunity for republicans, they have a rich field expanding by two since then, steven smith speaks his mind always. ashley: he does.

i will change the subject on you, 30 seconds, word of this agreement between the pga and lift, major development. a bunch of lawsuits and bad feelings. brian: i'm doing this show when it crossed. if you told me there would be an agreement within five years i would say 50/50 at best, let alone within a year, the european tour too, incredible, we watched how well the live guys did on the pga tour. the game hasn't dropped. they did a lot of innovative things to help the player and help the fan and they can learn from each other. i want to dive into this and make sure the pga hasn't sold its soul for the wealth fund, i love the competition. ashley: me too. have to leave it there, terrific stuff, appreciate it. thank you.

still ahead, arizona congressman andy biggs, california status of the republic and later james gallagher, doctor mark siegel the doctor is in. we will talk to tiktok star adam waheen who has 19 million followers. how to see make people laugh at not get canceled? stay tuned, the 11 am hour of "varney and company" is next. chevy silverado factory-lifted trucks. where will they take you? with the capability of a 2-inch lift. ♪

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>> this idea that donald trump can't win is ludicrous on its face because he'