>> good stuff. we'll wrap up and opening bell is about 30 minutes away let's take a look at markets here with the dow industrials up 30, nasdaq continues outperforming everybody up another 76 this morning. we've got a pretty big week ahead we're waiting for the federal reserve, two-day meeting tomorrow and wednesday. we've got the cpi and the ppi out and also the bank of japan, we've got the european central bank meeting as well, and treasury secretary janet yellen will testify in front of the house financial services committee tomorrow, final thoughts, chris? >> well, we have a big week, and again, i do think that the fed is going to probably stay put right now. we will probably see a bit of a run-up in july. >> maria: michael? >> big week. let's make sure it keeps moving. >> maria: michael balboni and chris markowski, stu, take it away. stuart: all right, good morning, maria, and good morning,

everyone. he's on his way. donald trump's jet about to leave newark airport in new jersey going to florida where he will appear at a miami court tomorrow. his indictment on federal charges created a political fire storm. the "wall street journal" calls it a destructive trump indictment. question, do prosecutors understand the forces they are unleashing? that's in the "wall street journal." the former attorney general bill barr says trump's indictment is "very damming." trump himself has responded with defiance. he's not likely to enter a plea deal. he will fight, and his numbers are going up. he's now more than 30 points ahead of his main rival florida governor ron desantis. okay, more on all of this , this has had no visible impact on the markets. investors far more interested in the inflation numbers coming tomorrow. some moderation expected, and the federal reserve holds a meeting that is expected to pause the 15-month long series of rate hikes. in advance of all of that, we've got the dow up about 30 points

at the opening bell, s&p up 13 but look at the nasdaq. solid gain, 78 points up, expected in a half hour. interest rates a little changed. the two-year treasury coming in at 4.56 right now, 109-year was at 3.75 earlier, and it's at 3.71 right now, but take a look at this. the one year treasury bill well- above the 5% level. i still think that's attractive for investors who value it. elsewhere on the show a treasury preview of shawn hannity with gavin newsom. president biden asked if he's cognitive strong enough to be president, george sorros handing over control of his $25 billion empire to his son alex. he's expected to remain one of the biggest donors to democrats and radical leftist causes. and there's this. huge disruption on the eastern seaboard. i-95 closed in both directions

just outside philadelphia. the governor of pennsylvania says it could be months before the busiest roadway in america is fully restored. how about that? i've got to say though it's great to be back on this monday, june 12, 2023. my thanks to ashley, lauren, susan, and david for all of their hard work. "varney" & company is about to begin. ♪ stuart: what's this song? lauren: "ain't another man" i think. stuart: [laughter] well it is great. by the way thanks very much for all the hard work you did. terrific. lauren: i'm glad you had a relax ing two weeks. stuart: i was watching occasionally. lauren: occasionally. stuart: i'm going to get straight to this former

president trump heads to miami today. tomorrow he appears in a federal court. good morning, again, lauren. lauren: good morning, again. trump will surrender to authorities at 3:00 p.m. eastern tomorrow in miami. normally he be handcuffed, fingerprinted and favorite breakfasted for a mugshot, however for the new york indictment, he was only fingerprinted. trump says even if he is convicted, he will stay in the race. he also took a shot at president biden saying this is all a political attack. >> joe biden will try to jail his leading political opponent but this is more like communist china. lauren: his attorney says he will not take a plea deal if offered, and this drama, this is going to be a stress test for our nations nerves, our political system, our legal system. he'll be in the courtroom, and on the campaign trail at the same time. stuart: you're right on all counts. we're all going to be glued to it. lauren: uh-huh. stuart: now this. take a look at this latest poll,

and it was taken after the news of the indictment. trump leads desantis by 38 points. that is a huge lead. charlie hurt is with us this morning. charlie? is this indictment just strengthening trump's base? that's what appears to be happening now. >> oh, i think without a doubt. i mean, just think about it. you know, the ways in which this sort of thing bolsters the entire argument that trump has been making since 2016 about how corrupt and misguided washington is, and this kind of just plays right into it, and also kind of plays into his bad boy image which is a very good thing. it's sort of a political calling card, if you will. stuart: where does this leave desantis? >> oh, i think it's a tough situation for desantis because think about it. on the one hand, the most interesting story around right now in the primary is this. this is the thing that everybody is talking about and desantis is stuck in this sort of weird

position of having to condemn the fbi, condemn doj, condemn the government, condemn biden for going after., for what was clearly or everyone agrees seem s to agree is political vendetta, but at the same time, he has to figure out how to attack trump. it's kind of an impossible situation he finds himself in, and certainly not an entertain ing one and meanwhile, you have this bonnie & clyde show going on in trump world and everybody is interested in it. everybody is invested in it. it's a little bit like the old addage that no publicity is bad publicity and trump has been the master of publicity for a very long time. stuart: yes, he has. he's very good at it. next one for you, charlie. vivek ramaswamy is a presidential candidate on the republican side and with the media for their handling of the indictment story. watch this please, roll it. >> with due respect i think it

is shameful that i as a competitor to president trump in this race have to ask questions that the media isn't asking the job of the political media if it has one job is to hold the u.s. government accountable. >> we know that. >> instead we're doing the bid ding of the u.s. government. ask the question. get to the bottom and what told jack smith. you would not take their word at face value, do not take their word now. get to the bottom of it. let's actually restore journalism in this country. that's what's actually missing. >> thank you. stuart: charlie? [laughter] he kept making his point didn't he? i find that vivek is one of the more interesting candidates. do you think he's trying to scoop up some trump supporters? >> oh, i think without a doubt. he is so interesting. he's so smart. he's probably one of the best communicators on the republican side right now, and somewhat unexpected although anybody who certainly watched fox over the years has seen what a great

communicator he is about the most important ideas but watching him and obviously this has been something you go back 10-15 years, candidates who go after the media in republican circles is always very popular, but vivek does it so master fully and in that clip and he's exactly right, you know? the press is not asking any of the right questions when it comes to the scandal surrounding joe biden. the press is not questioning the fbi and the motives of the government when it comes to the situation with donald trump and so you take a situation like this with a guy like vivek. he's not going away. he's a young guy. he's going to be around. he's got the forces with him. the force is strong with him, and you know, whatever happens over the next two years. i don't know that he necessarily breaks through this time, but he's not going away. he's going to be with us for a long time and we're going to be a better, the republican party will be better for it and the

country is better for it. stuart: with a smile on his face on a monday morning there's charlie hurt for you. i'm glad i'm back after two weeks vacation covering money and politics. >> i'm so glad to see you back. stuart: it's such fun. charlie we'll see you again real soon. thanks a lot. now, money. quick look at futures we're coming up to the opening bell in about 22 minutes and i see green on the left-hand side of the screen. david nicholas with us this morning to cover the market is it time to buy, david? >> well, stuart, welcome back. a lot of the reasons for investors to be bearish, they are behind us, right? we see inflation coming down. we've got through the banking crisis and now a government shutdown and the market keeps heading higher so we've been telling our viewers and clients to buy. we've had pullbacks all year and if you've bought during those pullbacks its paid off and here is my caution, stuart. we don't want to chase the market that run up like the nasdaq. we want to look at areas like travel. deloitte came out with a varicella zoster 50% of

americans plan on vacationing more this year. if you look at the cruise lines we talked about this , jpmorgan, bank of america upgraded the cruise lines this morning, royal caribbean, carnival, i think they is still room for the areas so there's a lot to be optimistic about but we have the feds this week and this is really make or break moment for the mark etiquette this week. stuart: i would have thought that the consumer price index out tomorrow at 8:30 eastern time tomorrow morning, i would have thought that was more of a make-or -break for the market because if inflation is coming down a little bit, that would ease up on the federal reserve. make-or -break on the cpi tomorrow, what are you expecting >> stuart you're right. the biggest wildcard for the market is tomorrow cpi report. my gut tells me it's coming down but look, this is anyone's guess but i think we're going to see rents coming down, energy stabilize, i think all of that bodes well for inflation coming down but it's really the language on wednesday. so if we see cpi come down which i think we will and then if the fed follows up with a pause, that's good news for the markets

, but we want to own these areas of the market that have been beaten up and haven't run up as much but i can tell you right now. this could be pivotal. what happens tuesday and wednesday this week, i think, will impact the market for the next few months, so it's important to watch what the fed says and if they update their dot plot post-meeting wednesday, stuart. stuart: got it. i'll tell you one thing i'm not selling my microsoft at this moment. >> don't do it. stuart: no plans of a sell. david, thank you very much indeed. we'll see you again real soon. here is what we have coming up, the . >> governor: under of california gavin newsom defended president biden's mental fitness but he didn't clear up 2024 rumors. watch this. how many times is your phone pin g a day people saying you need to get into this race because they agree with me that he's not up to the job. >> i would say i see where you're going with that. i'm not answering. stuart: not much of an answer. will newsom jump into the 2024 race? we're certainly going to get into it ourselves and then to the biggest story of the day.

trump's indictment. the campaign, trump's campaign wants to use it to their advantage. all of the candidates are raising money on this indictment story. we'll tell you all about it after this. ♪ (fisher investments) in this market, you'll find fisher investments is different than other money managers. (other money manager) different how? aren't we all just looking for the hottest stocks? (fisher investments) nope. we use diversified strategies to position our client's portfolios for their long-term goals. (other money manager) but you still sell investments that generate high commissions for you, right? (fisher investments) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money, only when your clients make more money? (fisher investments) yep. we do better when our clients do better. at fisher investments, we're clearly different. so, you have diabetes, and your glucose is heading good thing the new dexcom g7

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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. stuart: it's a monday morning. you want to know what's happening to your money? we open the market in about 15 minutes and i can tell you some stocks are going up. green on the left-hand side of your screen. back to the main story of the day. donald trump. he's going to hold a major fundraiser tomorrow right after his arraignment in a miami court well, ashley webster is there. all right, how much is the team

expected to raise, ashley? ashley: well, as much as possible, is the simple answer to that, stu. he did very well after the indictment was held by the manhattan a.g., and we're going to wait and see whether that's the case with these federal charges. we are in front of the federal court house and donald trump is scheduled to appear tomorrow afternoon for his initial court appearance. he is expected by the way in the miami area later on this afternoon. he will come from newark down to miami and after his resort about 25 minutes west of here and get together with his advisors and new legal team to go over his strategy but to that point the two weeks after the charges were filed by the manhattan d. a ., the trump campaign raised $15.4 million. now, today, the indictment has been filed with 37 charges. the trump campaign are hoping to get a boost on the back of this immediately after that federal indictment was filed, and unveiled, an e-mail was sent

out directly to supporters saying never surrender and pledge a donation as small as $ 24 and it's unclear again, stu, exactly how much money has come in. i'm sure we'll know sooner than later but in the meantime the former president continues to denial these charges and over the weekend he told the party that you know what? it's nothing but a sham. take a listen. >> it's a horrible thing for this country. i mean, the only good thing about it is its driven my poll numbers way up, can you believe that? >> [applause] >> everybody said the fundraising is through the roof. that's less important, but i will tell you its really driven us right through the sky. ashley: well, there you have it. maybe another rally around the moment for him. he says fundraising is getting a huge boost. we haven't seen any numbers yet but it will be interesting and by the way, after his initial court appearance here tomorrow afternoon, he gets on a plane, heads straight back to new

jersey, where he will publicly address the charges and also he will host a big fundraising event tomorrow night in new jersey. stu back to you. stuart: that's a big deal. ashley back to you later. trump's former attorney general, that's bill barr, he says these charges are legitimate and they mean trouble for his former boss roll tape. >> under the espionage act that he will fully retained those documents are solid counts now, i do think that we have to wait and see what the defense says and what proves to be true, but i do think that even half of what randy mccarthy says which if even half is true then he's toast. it's a pretty, it's a very detailed indictment and it's very very damming, and this idea of presenting trump as a victim here or a victim of a witch hunt is ridiculous. stuart: now, the former prosecutor in the manhattan d. a

.'s office and he joins me now. elliott, bill barr says this is very damaging. what say you? >> bill barr, a lifetime republican, two time former attorney general, he did not hesitate two months ago to say that the bragg indictment was nonsense and after reviewing the relevant statues he's right. former president trump should be concerned. stuart: are the charges strong enough to merit the imprisonment of a former president? >> look you could argue that until the president received the subpoena in may of 2022, that he was being neglect and by the way can we all agree it's really not a good idea to leave classified documents with our military vulnerabilities in a ballroom where some kid is having a barmitzvah? until they got the subpoena, they are extremely sloppy and neglect and then he gets the subpoena and the indictment lays out very detailed thorough conduct many steps taken clearly

looked like they were being done to evade a subpoena. that's a crime. stuart: you sound like he could be found guilty. >> i think that the killers of the case is his former attorney, hard to attack the credibility of a lawyer who was working for donald trump, surveillance video, which shows boxes being moved, 64 boxes leave a storage room. only 30 make it back and then you're going to have the testimony of the people who recovered the 102 documents that are described in the indictment. that's a strong case. stuart: so, carrying this forward, we may be in a situation where the leading presidential candidate may be found guilty in the court of law of a federal crime but will continue his charge towards the presidency. we've never seen anything like this before. >> there's nothing in the constitution that bars someone whose been charged with a crime or convicted of a crime from becoming president of the united states. i think it's fair to say that founding fathers never contemplated the possibility of someone pardoning himself, but you may see that happen.

stuart: so we now have to figure out whether or not america will accept an indicted, someone whose been indicted on espionage charges as the future president of the united states. how much damage to trump, how much support for trump. that's the calculation that's going to be made. it'll be a jury that he carried florida twice which means if the prosecutors want to win this case it's very likely they have to convince people who voted for trump to convict him, so that may be an upper climb. no one should take anything for granted here. stuart: do you think he got a fair trial in new york? >> he's much more likely to get a fair trial in south florida where he carried the state twice than in manhattan where 80% of the electorate voted for joe biden. stuart: do you think there's two legal systems in america? >> i think that there's a powerful political argument to be made about that, but in a courtroom, you do not get to say , you can't defend a charge by saying listen. that person got away with worse. that person got away with worse. a jury only gets to see the

facts making out those charges. stuart: a little later in the show i'm going to editor qualityize and say one of the reasons behind this indictment is trump hatred. i think the left absolutely hates this man and will do anything to get rid of him. what say you? >> there's ample evidence of that, but when you know you have a target on your back, you should behave accordingly. stuart: okay. elliott, good stuff thanks very much for joining us. >> thank you. stuart: fascinating situation isn't it? >> our founding fathers never envisioned it. stuart: thanks. come back in again, lauren. trump's convicted -- lauren: if he's convicted. stuart: do voters think he should be able to serve? lauren: overwhelmingly yes. 80% of likely republican voters think if trump is ultimately convicted of a federal crime, involving documents, he should still be able to serve as president again. i mean, so, yeah, he'd have to pardon himself in that case.

will they vote for him again? yes. same poll 61% going for trump versus 23% for ron desantis, so, trump has a 38-point lead so this federal indictment gave trump another bump but it did with the base. what about the rest of the country? that's the question. stuart: and we don't know that. lauren: there's 500-plus more days until the election. do people get tired of this? and have a change and does the base stay strong or do independents say, well, actually , he wasn't given a fair shake here. there is a two-tier justice system. we don't know. stuart: i don't want to make a forecast. absolutely not. quick check of futures please monday morning you want to know what's happening to your money. green on the screen left-hand side especially the nasdaq. the opening bell is next. we'll take you to wall street. ♪ all you need is love, all you need is love ♪

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tech? >> oh, boy. i had a hunch you were going to start with that one today. there are three simple reasons, stuart. number one, fears beginning to creep in around the edges which means people are getting left behind. two, lots of institutional players got caught off since last october. they have got to catch up but number three and most importantly, stuart is we stanton an inflection point in humanity between the development of big a.i. and a.i. data-driven decision-making that genie is not going back in the bottle and big tech will continue to run. stuart: big tech continues to rise? way into the fall, way above levels where they are now? that's your prediction? >> yes, but there are obviously caveats. for example, the fed is undoubtedly going to say something silly. we've got all kinds of data coming in but if you can get past the short-term disturbances that are going to throw a lot of people off their game, the longer term path continues to be far higher. stuart: you're telling me that, are you telling me that this is all driven by a.i.?

>> not all of it. it's driven in many parts by the realization that the dawning awareness of what we can do with big data and what it's going to mean to the human history, to the human mankind, the living condition, whatever term you want to put on it. what it's going to mean for our world, stuart. stuart: you have no doubt this is the next big thing? >> no. as you know, i've been tracking this for quite sometime, and these numbers are extraordinary. people argue with me all the time. big tech can't possibly get any bigger but it's getting a lot bigger and it has been for a decade. stuart: now i'm staking out my a.i. position in microsoft and google. am i right? am i doing okay? >> i would respectfully add both apple and tesla to that list, because you're talking about two companies with the computational horsepower and the distributed devices that are going to be needed to process that. stuart: tesla? fascinating. keith thank you very much indeed >> [opening bell ringing] stuart: and now the market is open and we open to the upside. dow is up about what 60 points

in a very very early going, and the majority of the dow 30 are in the green. there's some buying this morning , 33, 900. as for the s&p 500 on this monday morning, you're up about almost one-third of 1% there, 43.11 is your level and the nasdaq composite yeah, doing nicely again, up more than a half percentage point. 70 points higher at 13.3 is your level big tech up all across-the-board and meta is up well two-thirds of 1%. they are all solid gains. meta, amazon, microsoft, apple, and alphabet, all solid gains, but show me netflix, please, because i know for a fact they have been cracking down on password sharing. lauren: you know for a fact. stuart: yeah, because my producer told me that. lauren: i know. stuart: i think that it's working? lauren: yeah, there are a million people who share passwords. stuart: yes, and it's sure to be

well i'll get my own account. lauren: right and get your own account for $8 if you were, if you had been sharing and netflix has that right of first advantage that people are kind of addicted to it so they stick with netflix so we have some numbers on the freeloaders that netflix has turned into paying subscribers. so this crackdown on password sharing happened may 23. so, from may 25 to may 28 those three days, netflix added an average of 73,000 new subscribers each day and that's the most in four years. huge numbers. just over three days. imagine as this continues. netflix is down a little bit today but i mean $500 plus price target from several people on the street. stuart: next one is illumina. i'm interested in this company because they are a dna sequencing company but i know that the ceo has just quit and the stocks up. lauren: yeah, so it's francis de souza, the ceo. he's out after pressure from

carl icahn. icahn criticized him for not telling the public about an ftc opinion over illumina's $7 billion deal to buy a cancer test maker company called grail, and the ftc said that stifles innovation, so icahn said it's not good, and desouza is out and illumina stock is up one and three-quarters percent. stuart: got it. the latest price cut, i think, is nio. lauren: correct. long models will be at least $4,000 cheaper, that's a discount of about 9%. they are fighting for market share. they shipped what 40,000, a little bit more than that, ev's in the first five months of the year. if you compare that to tesla, tesla sold five times more. nio, they do battery swaps and they are ending that because that cost them money and their

net loss as they told us on friday, more than doubled from a year ago. stuart: that stocks up 6%. lauren: well, nio is competing on price as are all the players particularly in china. stuart: i've also been following palontier as a possible a.i. play and they are up 4% today, i presume the stock s gone up a lot recently. lauren: yeah up 134% this year and bank of america says they are going to $18 because they're positioned "to be one of the dominant providers in generative artificial intelligence" and they have their private clients and their government clients and they work with heavily regulated industr ies and they can offer a.i. to those industries. it's a positive. stuart: okay. tell me why i should care about this? ubs completed its takeover of credit suisse. lauren: well the swiss don't really like it. it's a big sell. so switzerland's largest bank just got even bigger right? remember in march we were dealing with the crisis of

confidence in the banks? and as a result, ubs got credit suisse to takeover $3.2 billion. now, credit suisse, now ubs has 120,000 employees, $1.5 trillion on their balance sheet and they have to take credit suisse's dirty laundry and keep investors from staying with them. stuart: oh. lauren: so it's official as of today and they will have more regulations they have to face. stuart: and ubs is up a fraction lauren: i'm not sure you care. i don't think that i convinced you but this is what's going on with the banks. some are getting bigger. stuart: right. okay. thanks, lauren. we've got to take a quick check of the big board. we're four minutes into the trading session. as you can see , the dow is up 85 points. you're very close to the 34,000 level, again on the dow industrials, some movement this morning. dow winners to start with, salesforce is at the top, walgreens boots alliance, intel is $31 a share on intel, ibm, all tech moving, visa is up .72%

the s&p 500 winners whose in the lead there that be carnival and norwegian cruise lines got upgrades. there's renewed travel. lauren: that's how we're spending our money. by the way goldman sachs says the s&p 500 is going up another 5% to 4,500 at the end of the year. stuart: we'll take that one. nasdaq, what are the winners please, show me? we're advanced micro devices, biogen, marvel, tesla is on the list. look at that almost $250 a share biogen is up there, and so is analog devices. other markets, check treasuries for a start the 10-year treasury yielding 3.74% it's up just a little today, the price of gold still hovering around 2,000 bucks an ounce, below that level actually 1972 and bitcoin i checked it earlier and i saw it at 25,000 that's where it is now , 25, 800 and the price of oil i checked that earlier down to $68 a barrel and down more

now, $67 a barrel. lauren: take that saudi arabia. stuart: that's right. nat gas still bumbling along at 222. the average price for gallon of regular is 3.59, up $0.04 in the last week and california lucky people are still paying 4.90 for a gallon of regular. coming up, george sorros handed over control of his $25 billion empire to his 37-year-old son alex. we're looking at what the sorros succession means for the political landscape. military officials struggling to overcome recruiting shortfalls. they are offering legal migrants a quick legal path to citizenship. green beret congressman mike waltz is here on that and the attorney general of tennessee has a plan to sink biden's war on household appliances. the attorney general brings us that plan, after this.

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stuart: 11 minutes into the session the dow is up 115 points and the nasdaq is up 61. green on a monday morning. look at this headline. here is our plan to sink biden's war on household appliances. jonathan skrmetti is the attorney general of tennessee and he wrote that and he joins me now. mr. attorney general, how do you stop what you call biden's war on household appliances, like stoves and heating and things? >> sure. so the way to stop it is to look at the process that was used. this is regulatory overreach. there are laws in place that

limit what the executive branch can do and this is an area where the white house is overstepped. it's going to cause consumers a lot more money than it needs to for speculative benefit. we're going to go to the courts and make the federal government show the work and we think that when we do that, it will show that the administrative procedure act was not followed for any of these regulations. stuart: so there is a technicality isn't it? >> sure. stuart: there is a technicality, but how do you pushback the administrative stage which is at the heart of this problem? >> well, the fundamental rule of the administrative state is the government has to follow its own rules and that's been fast and loose in the past but the courts have been developing more and more doctrines that make it clear that the lawmaking noter lies with the congress, and every time the executive branch steps out of line, the states are in position to file suit, to make sure that we have bright lines showing exactly where the executive branch may not tread and we're able to pushback and have the

federal activity that crosses those lines. stuart: you're the attorney general of the state of tennessee. i remember senator marsha blackburn. she and i went backward backwards and forwards a lot a few years ago about light bulbs. the administration of the day wanted eliminate, i don't know what the proper word is for it the old fashion light bulbs and bring in new light bulbs. that was a battle that was lost. you think you're going to win this one about gas stoves? >> so, all of these appliances regulations are predicated on on the social cost of greenhouse gas estimates that rely on extraordinarily speculative data they are looking 300 years into the future at worldwide greenhouse gas levels and using that as a justification for these regulations, and those numbers are essentially made up. stuart: you should have put that right upfront. they are looking 300 years into the future. speculating about what it's going to be like, and making laws or rules now to apply to that 300-year forecast.

that's ridiculous. >> can you imagine if we had one that 300 years ago? stuart: [laughter] no, i can't imagine. sir, i wish you the very best of luck with your surge to stop this nonsense and please come again back to the show and tell us how you're doing. >> thank you, stuart. stuart: you got it, sir, thank you. now this. biden's energy secretary jennifer grand teton granholm made false statements to congress. lauren: she admitted six stocks after two years after being sworn in and writing to clarify, i mistakenly told the committee that i did not own any individual stocks, whereas i should have said, that i did not own any conflicting stocks. so, on april 20, she testified, i'd only hold mutual funds but one month later, oops, i actually did hold these individual stocks including ford , with her husband, and that be a conflict of interest. she also said look, i'm not going to object to congressional legislation that would ban executive department officials

from holding stock so now she fe sses up two years in and it might have been an honest mistake. either way i support banning people like myself from holding equities of the companies that i regulate. stuart: okay. going to see what happens there, thank you, lauren. now this a new episode of " american built" airs tonight about the lincoln tongue el. here is a treasury view preview. >> the tunnel is a hole in the ground. >> a dangerous mission. >> the risks are coming out but potentially extreme physical pain and even worse in some cases death. >> the way the tunnel is built a they came in from both sides. >> it took decades. >> the grind, the gridlock and the glory and how they built an underwater marvel, the lincoln tunnel. stuart: i've used the lincoln tunnel just about everyday for 40-odd years and you can watch "american built" mondays 9:00 p.m. eastern only on fox business prime. problems continue to grow at ports in california.

lauren is with me. lauren: here we go again. yeah, and the issue is more than $5 billion in cargo is stuck off the ports of los angeles and the ports on the west coast because of labor disagreement and now the u.s. chamber of commerce is saying look the biden administration wrote a letter saying you need to appoint a mediator to go through this because this is getting pretty ugly. stuart: the transportation secretary pete buttigieg, where does he come into all of this because it's the transportation and the shipping and rail lines that go to the ports. lauren: i don't think we've heard from him in this latest round, have we? i don't think so. stuart: i don't think so, no. but there's a holdup at the ports on the west coast and how it works out we don't know. lauren, thanks. coming up. this is my opinion. i see the trump indictment as a desperate attempt to interfere in an election that the democrat s know is not going their way. that is my opinion. that is my take coming up at the top of the 10:00 hour.

and commuters gearing up for a very difficult monday. an elevated section of i-95 collapsed following a truck fire we're there with a live report. can you say disruption on the eastern seaboard? we'll be back. chevy silverado factory-lifted trucks. where will they take you? with the capability of a 2-inch lift. ♪ the versatility of the available multi-flex tailgate.

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can i sleep over at your new place? can katie sleep over tonight? sure, honey! this generation is so dramatic! move with the xfinity 10g network. stuart: well, just look at this. a portion of i-95 in philadelphia collapsed after a tanker truck caught fire. how long is this going to take to fix? reporter: stu, yeah, the governor is saying it's going to take a couple of months and you can see why. take a look at the charred portions of the southbound lane behind me. we're not far from the scene of this i-95 collapse. we've seen demolition crews already at work today, as the cleanup and recovery process for this situation begins. i-95 completely closed in both directions in northeast philadelphia. state leaders say a tanker truck carrying gasoline caught fire under the overpass.

moments before the interstate collapse, some drivers traveled over the southbound lanes with seconds to spare. the fire's heat sent a portion of i-95 lane crashing down reducing it to rubble and also, compromising the southbound lanes. firefighters still don't know what caused the truck to catch fire but emergency crews are still trying to identify if anyone was caught in the collapse. as of right now, no injuries or fatalities have been reported and there are no details that have been shared on the truck driver. governor josh shapiro saying the situation could have been much worse. >> i found myself, you know, thanking the lord that no motorists on i-95 were injured or died. just a remarkably devastating. reporter: transportation secretary pete buttigieg says he's closely monitoring the situation and ready to help governor josh shapiro says he

plans to issue a state of emergency today so the state can get those vital federal funds that will be so helpful and crucial as this community works to rebuild. stu, back to you. stuart: thank you very much indeed. there are viewers elsewhere in the country might not understand the significance of i-95 but for those of us who live in the new york area and frequently go to florida, i-95 is a vital corridor. lauren: yeah, i try to avoid it at all costs. a lot of people might say well maybe i'll take new jersey transit or public transportation again to get out of this mess. the good thing, as we head into summer, is that most people don't commute on monday and friday. that should ease the traffic but they do commute out of town during the summer which is going to make this a nightmare, at least for the next week or two and then some. stuart: i'm a little distracted i just go on wayz, and ask for directions how to get from new york to florida, and i notice that i'm being taken out

of route i-95. lauren: you would drive from new york to florida? stuart: if i ever did. wayz is advising me not to take i-95. they say you go out on route 76. lauren: it's the diversion of the traffic. in situations like this that annoys people who are living in those communities that are see ing traffic diverted and this lasts a very long time it's a headache. stuart: i'd like to find out what alternative routes are being suggested and how difficult those alternate routes are. for example, if you take whatever it is here, 76, how bad is that? lauren: i don't even know where route 76 is. stuart: well i think we've exhausted this subject. lauren: i take route 17 and route 4. stuart: [laughter] me too. thank you, lauren. check those markets. why not? we've got a rally on a monday morning that's worth broadcasting. the dow is up 105. the nasdaq is up 61 points. show me big tech please. got to see that. that's where the money is. there's one loser and that is alphabet.

it's down just $0.07. meta, amazon, apple, microsoft all on the upside. here is what we have for you later in the show. jason chaffetz will join us. tennessee congressman mark green florida congressman mike waltz, kt mcfarland all on deck for the 10:00 hour which is next ♪ 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...

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♪ welcome back back. ♪ welcome back, welcome back, welcome back ♪ stuart: okay, welcome back, yes, yes. folks, it is really nice to be back. i had a great two weeks away. the weather was fantastic, and all is well. it's 10:00 eastern, we better get straight to the money. i see green. dow's up 90, nasdaq up # 5. the 10-year treasury yield, not much different from what it was two weeks ago before i left. we have the yield at 3.78%, on the way up this morning but not by much. the price of oil,st there's a story the, on the way down despite the saudis looking for production cuts in oil. the price of crude oil is down

3.3%, all the way back t