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♪ and don't you come back ♪ stuart: i love this song. it says a great deal. i love it. hit the road jack, ray charles. it is 10:00 eastern. straight to the money, the market reopened after a 3-day weekend. the dow was down 200. the nasdaq is down 45. if you look at the bottom right-hand corner, most of the dow 30 are in the red. that we 10 year treasury yield coming down 5 basis points, 371 is the yield, the price of oil not doing much, $70.01 a barrel. bitcoin around 26,700. this news we need to repeat. fox has confirmed that hunter biden has reached a deal with federal prosecutors to plead guilty to two misdemeanor tax charges and a gun charge that will likely keep him out of jail.

no word when hundred will appear in court to enter his guilty plea. you we are getting reaction hunter's plea deal. what did the white house say? lauren: the president and first lady love their son and support him as he continues to rebuild his life. we have no further comment. donald trump weighing in, he says as donald trump predicted, biden's justice department is cutting a sweetheart deal for hunter biden to make their case to get trump appear fair. biden's doj continued to turn a blind eye to the biden family corruption and bribery scheme. the american people need donald trump back in office to appoint a truly independent special prosecutor that will finally bring justice. that prosecutor is recommending hunter biden to probation. this investigation since 2018 onwards.

stuart: trump calls in a sweetheart deal. more on this through the show. now this. the president and first lady will be in san francisco addressing homelessness, fentanyl or violent crime. they are raising money, campaigning for another term. there will be the obligatory >> -- speeches on climate change and amag republicans but they will avoid the hell scape san francisco has become. takes nerve, your policies helped ruin the city but you drop into take the money and run. this program has taken the lead covering san francisco. lauren showed the frightening impact of fentanyl, listed the companies and hotels and stores that have moved out and i frequently said the city is close to economic and cultural collapse. the video tells the story this

is what the world sees and the president has nothing to say. we seen this before, he walks away from failure, doesn't go to the border, the open border to see the migrant surge. he visits new york but doesn't see the thousands of migrants campaigned in over hundred hotels. if he does address a problem, he blames trump. i feel strongly about san francisco because that is where we got our start in television. it was always crazy liberal but seemingly beautiful and safe. now it has been ruined. an embarrassment to the state, embarrassment to a president who dropped into collect campaign cash. the 2020 campaign californians gave biden $305 million, the most from every state. it is a well he has to go back to even if he won't do a thing to miss the mess. second hour of varney just getting started.

breaking story in the wall street journal. the journal reports that beijing is working to establish a new joint military facility in cuba. guy benson joins us, this would push chinese troops on the doorstep. this is not a positive for biden. >> how could it be? this is a provocation by the ccp. all americans might have flashbacks to soviet involvement in cuba decades ago and how that created a close catastrophe for the world, national security crisis at home. this doesn't rise to that level but shows the chinese are on offense, they are aggressive, this story emerges as secretary blinken is wrapping up his trip in china where reports are he did not achieve the number one us goal, cutting out of those meetings and just days after

president biden made excuses about the spy. china flew over the country including sensitive facilities, locations, biden said it was an embarrassing mistake, leadership didn't know, it wasn't intentional, it has not been a very compelling or promising few days from the us perspective on us sino relations. stuart: i asked a lot of people the same question. why is the biden administration so soft on china? >> why are they so soft on every threat the us faces? this is general weakness. we saw this a lot of time from the previous democratic administration in which the current president served as vice president, they prioritize engagement and diplomacy over everything else. they can call certain people out when it is in their political interests but there are some theories on the right

that perhaps the biden family is compromised, all the money coming in from china. this will probably fuel some of those theories. i want to see strong evidence of that but especially the excuse making apologies we saw from the president on the spy balloon which seems to be a clear-cut violation of what the chinese did. at least it makes you wonder. stuart: it certainly does. i have to cut this short. back to the hunter biden story. let me say this. we have hunter biden, he's going to plead guilty to two misdemeanor tax charges and a minor gun charge. former federal prosecutor joins us on the phone. thanks for jumping in on this. donald trump says hunter biden has got a sweetheart deal out of this. would you agree with that?

>> as a former federal defender, i said this would happen on may 8th of this year and for me as an individual who served on both sides of the aisle in the government service sector i've never seen a deal like this in my life. i'm surprised there's a version that avoid a fallone conviction for hunter biden when i argued as a public defender for decades to apply to injured and clients, this makes it so that hunter biden says publicly he is a drug addict. it's the only way he could have received a diversionary program unless someone in doj did it. stuart: so is the whole probe into hunter biden, the laptop, bribery, is it over? >> it seems to be that way. that's another example of what

we are talking about, republican or democrat is not the issue, the issue is what happens when your mother or father are charged with these crimes, will they get misdemeanor charges, diversionary program and that out of jail free card? i don't see that happening. this message from the department of justice is going to reverberate in a negative fashion and hurt the constitutional republic. stuart: thanks for jumping in on this. we appreciate it and hope to see you again with commentary on this issue. i see the red ink increasing for the dow industrials. i presume a couple stocks are down in the dow 30 accounting for some of this 200 point loss, the s&p down 20 one, nasdaq down 37. this is a modest loss on wall street this tuesday morning. scott she'lladdy.

china is slowing down, cut interest rates. all our banks have lowered their outlook. does this help or hurt our economy and market? >> it will hurt our economy across the board. i would like to throw another thing into the basket and say europe isn't doing well either. we are the last bastian of someone saying we are doing okay but that is why these things are weighing on the stock market. i put in a note earlier this morning, 7 stocks holding up the nasdaq or the s&p, everyone keeps showing those returns as this economy is on its way back up, i say you can't have such a narrow recovery and have it be healthy because it is easily knocked over and that is my worry. i put in our notes that i'm getting paid 4% or 5% to sit the market out and wait because i would rather have one or two things happen, i would rather miss out on a rally by getting paid 4% or 5% rather than have

your grandmother die, give you $2 million and invest it all into the market today. that is a more dangerous thing to do then it would be to have a little bit of fear of missing out but these markets are still too narrowly based on their successes to jump right in and put all of grandma's money in the market. stuart: i know what you mean. interesting pivotal point. you've got 4% or 5% on short-term treasury and the market is inching up but you are raising the issue a few months down the road what happens to the global economy and american economy. a pivotal point. scott she'lladdy, the 6 month treasury build, 535. how about that? >> how can it be there.

stuart: see you again soon. lauren is looking at the movers. one of them is down 2%. lauren: they are moving to flash, a superhero movie, posted $5 million in its debut weekend, that is not good. it cost $200 million to make so it has little time to rebound before indiana jones, mission impossible in the new expected blockbusters this summer. blue one looking at headlines on my prompter, rivian partnering with tesla for ev charging. we to they get the adapters at first and starting in 2025 it is on the port to charge on that is the network, automatically in the truck and also developing its own charging option. another win for tesla up one hundred 11%. blue when i think the universal charging stories the story of the week for the ev makers, going straight up. next is innovative eyewear.

lauren: they have a licensing deal with reebok for smart eyewear. if athletes are wearing them they are cool. stuart: smart is and what is fashionable. lauren: they don't mention -- i was waiting for that. the bulky headsets and all that haven't become commonplace yet. this isn't going in that direction but might come close and get people accustomed to wearing something on their heads. stuart: thanks, listen to this one. blurred vision, kidney failure, gallstones, these are just some of the alarming new side effects from those in pick --ozempic. doctor marc siegel will join us in our next our. donald trump explained his reluctance to had ever classified documents during his

first interview since being indicted. >> why not just hand them over? >> i have boxes. i want to get all my personal things out. i don't want to hand that over and i was very busy as you have seen. stuart: bret baer will give all the highlights from his interview with donald trump. bret baer's next. ♪ ♪ every day, more dog people are deciding

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>> you read this statement, this effectively ends a 5 year investigation. this is from the white house counsel's office, the president and first lady love their son and support him as he continues to rebuild his life, we will have no further comment. this is different from the tone that was taken from an interview the president did a month ago, listen to what he told the reporter. >> president biden: my son has done nothing wrong. i trust him and have faith in him and it impacts my presence by making me feel proud of him. >> he is proud of his son. this statement shows the white house, the tone shows the white house wants the story to go away as house republicans are looming in on the money trail to the biden family and the door was open through hunter biden. stuart: thank you very much. let's bring in bret baer. thanks for getting to us.

a huge breaking story. does this guilty plea end the whole thing? >> i don't think so. the bidens want to end the whole thing, the doj is setting up, doesn't really follow precedent here. if you look at these charges, some -- the gun charge should be a felony. other people have faced that with a minimum of 5 years in prison. to distribute, distribution or selling of drugs at the time. there is a statute that deals with that that is not happening here, that charge is being diverted, thrown away and there's two misdemeanor charges on taxes. there's a lot of criticism on capitol hill on this. what doesn't go away as investigation into the alleged bribery scheme and republican

say there's more evidence. the doj and the us attorney of delaware after four years, this is the end of their investigation, they will get a lot of heat on that. stuart: i'm sure they will. let's get to your exclusive interview with donald trump. what's the most important take away from your conversation with him? what stuck out to you? >> that he went as detailed as he went on the indictment and handling of those classified documents at mar-a-lago. i expected him to say i can't talk about any of this, try a couple times and move on but i asked a few questions based on what is in the indictment and he really engaged. i don't know if his lawyers liked that engagement or not. we have another part of the interview that deals with the us economy, taxes and regulations, the us debt and the covid.

it is fascinating. he answers every question. at the end i asked do you feel this was a fair interview and he said yes. a couple questions, it was fair. stuart: very articulate and calm all the way through but back to the soundbite where you asked about his stance on china and taiwan. role that tape. >> of china invaded taiwan would you go to war? >> that hurts me in negotiations with regard to president xi. he knows what i do and by the way for four years they didn't invade taiwan and they never talked about it. stuart: we should point out antony blinken told president xi that we do not support taiwan independence. that's causing uproar around the world because it seems like we caved.

>> it does. it sounds like that. this policy is interesting to hear. he talked differently at the beginning of 2016 before he became leader of the free world. he understands the nuance and negotiations that had yet to come if he gets back in the oval office, talked about that with russia as well, things he said would not have happened had he been down the dust making phone calls. stuart: he looked back a lot to the 2020 at even 2016 election. a lot of people didn't like that. >> and we had a back and forth on the 2,020 election but i was trying to get him to focus and answer the question how does he reach out to independent female suburban voters who left him in 2020 and are a hard know now and he says he is confident he can win them back. stuart: he replied to that

question, i won in 2020, he said that. i said no you didn't. stuart: yes you did. it was really gripping. i want to run a preview of the second part of the interview with trump which will air tonight. role that tape. >> of voters are concerned about the debt why should they believe you will address the debt in another term? >> when i took this country it was broken. and we created a machine and the oil was starting, we were energy independent, four months of energy dominance, supplying all the natural gas, all of it as far as i was concerned. we were going to make so much money. everything was set. then we got covid. stuart: anything else you can tell us about what's coming up tonight? >> it is fascinating, talks about covid and why he doesn't talk about covid on the campaign trail. it's really amazing.

he goes after ron desantis and he says why my not going to go after him? he is the number 2 and the closest to me. stuart: you've done some high-level interviews throughout your life. mind if i ask if you were nervous going into the interview with donald trump? >> i had a kind of calm that i was trying to be as calm as i could be because i knew there would be some back and forth and sometimes you have to get a question in, you dealt with the former president, we had an interesting conversation and it was very engaging. afterwards we talked. i wanted to get the tone right but i wasn't nervous. i thought it would come out in the end. stuart: you got it right and it was spectacular. 6 p.m. eastern only on fox news. thanks, great stuff. next case, msnbc is considering

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stuart: we are at the one hour mark in trading in the dow continues to head south, 370 for the dow industrials, 1.09%, the nasdaq is down 0. 9% and the s&p down 0.95%, selling has intensified a little. lauren is back with the movers, start with general motors. lauren: down 4.5%, ford down 2% was bipartisan member's of the house china select committee in detroit will ask ford and gm cut your supply chain reliance in china, ford has the deal with see tell, they are tied up with the ccp. want them to cut their

reliance. stuart: the new joined company is avis budget. lauren: they upgraded them to overweight price target of $230, stock is up 6%. stuart: i've been seeing video from the paris air show. boeing, why are they down? lauren: they have new orders from air india, china airways but they are down. margins are we can the second quarter, that is frankly astonishing given all the new develop and programs in defense. stuart: i got news from the paris air show that airbus, european makers of jetliners got an order for 500 planes from india, indigo. lauren: that hurts airbus or boeing. stuart: members of the squad

pushing a bill to prevent landlords from running criminal background checks on prospective renters. what else is in this bill? >> reporter: they want to essentially erase any record of crime older than seven years. the ideas progressives want to help convicts avoid their past from coming back to hunt them when looking for housing. they say formerly incarcerated individuals should have a right to privacy, making sure past crimes do not pop up when landlords are deciding to rent to someone keeping their rap sheet under wraps. >> housing is a human right, we wrongfully punish them after they already completed their census. our bill would remove unjust barriers to housing, stable housing is essential. >> reporter: it would prevent

sink consumer reporting agencies and gathering information on a background from 7 years ago or longer would be erased from consumer reports. if a landlord denies housing to someone they have to tell them the reason why but the american apartment owners association, the largest landlord association in the country isn't addressing the proposal but they do warn generally to their members that landlords could be liable for crimes on their property and that's why a background check is important saying it is possible you could be considered liable for collections of your tenant. landlord have a duty to consider those living in the neighborhood when choosing a tenant. residents might sue you for bringing a middle into the area. republicans are progressing the mesh congress and priorities. this bill makes as much sense as defunding the pulleys, why does the left prioritize criminals over law-abiding citizens. this is likely not going to go

far. republicans control the house. it is very unlikely it would be passed. stuart: some of us are glad to hear that. president biden was side-by-side with governor gavin newsom, joe concha joins me. he has not declared his running for the presidency but he is running. >> if you watch the gavin newsom interview with sean hannity, difficult to come to the conclusion that is not seeking the democratic nomination. he could have said i'm not running, i support president biden, how often his phone rings from the democratic friends about running for president newsom says, quote, i'm not answering is that. the sound you heard was the barn door flying open. when john f. kennedy ran in 1960 some people said you are too and experience to seek the presidency in that year and jfk and if i don't run

now they will forget about me in four years. the incumbent president at 31% favorability vastly underwater on issues to immigration and crime and foreign policy, as we talked about, an overwhelming majority of people believe president biden is too old for the job, the 86 version if he were to win reelection. you see the contrast. newsom and biden together, pictures tell a thousand words in terms of appearance. stuart: another one for you, msnbc say they would consider at town hall with donald trump. >> there are many ways to approach that. don't know a town what town fall tomorrow is something our audience is looking for but we see that in the portfolio. >> if trump came to you, would you say yes?

>> it would be a conversation, how to control he environment. stuart: do you think trump would agree to any parameters? >> absolutely not. he was on bret baer last night and the media blitz lately, it -- last check, almost all grown adults protecting them from the former president, donald trump in terms of his words, networks like ms nbc will have serial liars like adam schiff hundreds of times talking about trump russia collusion, never being present to present evidence, hillary clinton, the 2016 election which says it was hacked, the election was stolen from her, they have no problem putting those folks on the air but with donald trump we have to protect them from donald trump who they had 0 issue

putting him on the air in 2015-16, dozens of times, important interviews, town halls, rallies because he was great for ratings and didn't believe he could win. now putting trump on live tv is considered dangerous, take two seats on this one. stuart: two points. if trump did a town hall with ms nbc i would watch and it would be fantastic viewing, number 2, if he did a trump town hall, there would be mass resignations at msnbc and i would applaud. last one to you. >> we saw at cnn, donald trump on the air last month for a town hall in the mutiny began for having the audacity to do that. all these folks bearhug to donald trump in 2015-16 when he was making ratings great again. stuart: it's fun to be on the sidelines, isn't it? when you have cnn and msnbc to play with. come back and see us again soon. ron desantis attacking california in his latest

campaign ad. which of california's failings is he taking issue with? lauren: all of them, homelessness and crime leading to population loss. watch part of it here. >> governor gavin newsom admits the state has not made progress on the homeless crisis. >> rising crime in san francisco. >> feces outside. >> we had a next parenting governing philosophy. >> reporter: desantis was in sacramento, $3,300 fundraiser. and sent migrants from texas to show boldness at the border. wise desantis going after biden. >> a likely opponent in 24. lauren: gives him a leg up or early leg up. stuart: why not?

now this. school coming to a end but students are playing catch up from covid learning losses. parents pushing public schools to do something about it. lydia has the story after this. ♪

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stuart: on the markets, a fair amount of selling, selling has gotten more pronounced, the dow is down 300, my opinion, the news the china's economy is slowing dramatically, that is affecting markets around the world. we could have a slowdown in the global economy, not good for

wall street. there' s this. a recent study from stanford shows a students and charter schools are way ahead of public school kids. lydia is with us. public schools making changes to fix of this. what are they doing? >> reporter: some public schools across the country are lengthening their school day. looking at schools, in atlanta georgia and new mexico, some of them adding as much as 30 minutes to the school day. the interesting study you mentioned from stanford is showing charter school students are pulling ahead by as much as 16 days as if they have 60 days of reading, 16 days in math as compared to a student at a traditional public school. we are joined by ian role, founder of vertex in the bronx, a charter school here. tell us what charter schools are doing differently from public schools that is producing results like this?

>> as you said, most charter schools have longer school years and longer school days. particular focus on reading and math, comprehension and generally higher expectations because typically charter schools are located in communities where the schools that have been available have not been serving kids well so there's a much higher focus on academic excellence. >> reporter: some are lengthening the school days. do you think that's going to be enough to close the gap? >> it is one ingredient. lengthening school days is one ingredient but you've got to have strong effective instruction, great expectations, strong leadership and principles. more instructional time is one piece of it. if it is a mediocre school having more time is not the answer. all these ingredients make a great charter school great.

>> reporter: parents are taking notice. we see across the country charter schools picking up students at a rapid pace, they gave 7% enrollment across the country. public schools last 3%. en told me their ninth grade class has a waitlist for their next incoming class. for every ninth-grade seat there are five students on the waitlist. stuart: good to hear, thank you very much in the. a teachers union executive in virginia defending covid learning loss, he says it made everyone equal. how does that make sense? lauren: in the name of they i it makes sense, better to level the playing field and everybody fails, race to the bottom, that is what they want and mission accomplished. and executive board member for teachers union in virginia. he said learning loss was the great equalizer, he doesn't care that teachers have to pick

up the pieces by extending the days, to get those students up to speed. lauren: everybody fails to that is better. stuart: i will move on. thank you very much. time is running out to rescue the five people on board a missing tourist submarine that disappeared during a dive to view the titanic wreck site. it is a desperate search. molly joins us in the next hour and we are talking hunter biden with brian kilmeade next.

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stuart: there is some selling on wall street. i suspect it is because of extreme, not extreme, weakness in china's economy, weakness and europe's economy as well. might be looking at a deliberate slow down. if that is the case, america's economy will be sucked into it. it is now precisely 10:50 one. here's brian kilmeade. let's get straight at it. the hunter biden charges and is guilty.

trump calls the sweetheart deal. what say you? >> no question it is. 's second tax problem, one. 2 million, the other one was 2 million, someone else wrote that check for him, don't know who will write this one. he has that kid out of wedlock, he's not making any payments or wants less payments while flying in a private jet to hear his case and plead his side and now we find out between the gun case where you toss it in a dumpster, which his dad spends all his time talking about guns, maybe he should talk to his son at the dinner table, they don't talk about stuff like this, the tax case, what kind of message is that? did he go out of his way to get financing for 87,000 irs agents because of people like this who are not paying their taxes, these are the horrible people that don't pay their taxes. stuart: horrible people that don't pay their taxes.

my question is will one media pick up on this story and do something about it? they will not, what say you? >> for the wrong reasons. they will say even the president's son had to pay a price for illegal activity. you know a lot of people get addicted to drugs and do things to break the law. that is what you are hearing and it will be in and out. now it's the president's term. the other story is what donald trump has to deal with, that is going to delay but the fact that judge cannon wants this guy quick that's around the first debate or the first primary, the february case with two more indictments, hard to imagine a more news filled period in our lives. stuart: we are getting some reaction to the guilty pleas by

hunter biden. vivek ramaswami says the hunter biden plea deal as a joke, a retreat, they are more scared than ever of scrutiny. that is going to be the reaction across the republican board. i've got to be intrigued how democrats can say this is fair and equal justice. it is not. >> he was addicted to drugs, he was caught in the laptop with the hookers and the crack and the crack and the hookers, and classic this information and proof of what kind of life he lived and they will lean on that. the other thing is you know what else is today? the durham report, john durham find out the ugly truth about the way the russia hoax was

perpetrated and pushed forward by phony means, this was a phony investigation and you knew it was going to hurt the country and us/russia relations, don't need to make up charges on vladimir putin. he does a lot on his own. that is what durham is going to say but this is the number one story, the trial, and the other one. i think timing is everything which william barr saying what has happened to this investigation that i handed to the attorney general in delaware, he hasn't done anything, that pressure was heating up. the fbi is done with their investigation. it was in his lap. he couldn't delay anymore with any logic. so here we go. stuart: let me change the subject. lionel messi's first game with major league soccer is going to be july 21st. 21. the so-called cheap seats going

for $1000 a pop. standing room only. $1080. would you be tempted to go? brian: i would but it is better here when it comes to the red bulls in august. beautiful arena, 18,000 will not be enough. i think they make a bid from metlife, 65,000 to watch this guy play. that is how serious, the rent matches the revenue, they go 800-jets and giants, you can use hours. we go over there and stuart varney and brian kilmeade do the lead analysis on the fox news channel and america gets served. what do you think? stuart: you are on. it is as simple as that. brian: you have to ask lord peterson to cover it for fbn and i will do what i can with jay wallace.

blue when i will pay, we are out of time, we are done. still ahead. some of the head scratching sentences from biden recently. doctor marc siegel talking about the dangers of taking ozempic. matthew whitaker on the hunter biden charges and his guilty.and more on donald trump and his interview with bret baer, lots of it coming your way after this. ♪

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