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♪ stuart: always like the smooth the rhythm of a santana tsonga. lauren: the dam looks gray. stuart: that's new york city. thanks for pointing that out to us. have a nice day. good morning, 10:00 eastern to your money. we are down one hundred 60 on the dow, the nasdaq down 150 points, big tech down across the board, getting really hit this morning. amazon is down one hundred 29 on amazon, one hundred 89 on apple. 336 on microsoft, it is down $5. the 10 year treasury yield going down. normally when the yield goes

down nasdaq looks okay but not today, the yield is down to 3.71%, bitcoin holding at $30,000 a coin. the market on friday morning, now this. there is now no excuse for the media to ignore the scandal that surrounds the biden family's finances, more than dirty money flowing around, it's the credit ability of the presidency. president biden claimed he never discussed business with his son hunter, the polite response to that is the president is in denial. hard to deny this. a what's apps message from hunter to a chinese businessman, quote, i am sitting here with my father and we would like to understand why the commitment made has not been fulfilled. tell the director i would like to resolve this now before it gets out of hand and now means tonight. i am sitting here waiting for the call with my father. that was then vice president joe biden.

we don't know if hunter was actually sitting next to his father but that was clearly a threat using the office of vice president to intimidate. this has been revealed by a 14 year irs veteran who led the hunter investigation. officials in the administration moved heaven and earth to block the investigation, tipped off biden's team that investigators were coming, downgraded charges so hunter gets a slap on the wrist. sharply, shapley also reveals the extent of the financial corruption. between 2014-2019 a total of 17. $3 million rolled in from ukraine, romania and china. on that, hunter got 8. $3 million. the president brought hunter to a state dinner for india's prime minister thursday night, toughing it out, sinking in scandal. the president is in denial. second hour of varney just getting started.

♪ stuart: sean duffy joins me this morning, surely the president can't hide from this corruption scandal forever. is he ever going to talk about it? >> one point, if hunter biden made 8. $3 million and paid $200,000 in taxes on that, don't know who gets that tax rate but i would love that, that's the biden tax rate. you are saying this is about the credibility of the presidency and this is a ability of the whole country as a whole because i think this is the greatest threat to our country, to democracy, a group of agencies whether it is the fbi, doj, irs, cia, unaccountable, have become political and working for a political party, you don't have any faith in your system for the american people so you

can't rally around as a country and pushback on china or ukraine, might disagree on abortion or the border or clean energy but you can agree on a basic set of principles. if you can't agree on that because your government is now political you can't fight the real threats you face so this is the greatest threat this country has at its doorstep and president biden covered by abc or cbs, they are not covering the story, it is unbelievable. stuart: absolute negligence. let's look at the other side of the coin. 14 republican presidential campaigns for 2024, a huge field. doesn't that favor trump to knock them off one at a time. >> donald trump has his core

group of supporters, and and they heard -- francis suarez got in the mayor of miami, this is a repeat of 2016, if you look at the people who will consider donald trump, may not be with him now but would consider him, number at 75% of republican voters. 45%, 48% of republican voter, much higher with those who would consider him. stuart: the worse by the looks, the better trump looks, that is the equation at the moment. >> charges against donald trump, president biden has done the same or worse. for millions of dollars, you might not like the fights, but

to put the country first, and it would be different with different, president biden, it will only help donald trump. one other point, and -- it was 25 -- stuart: let me talk, stop talking. repeat your question. i didn't hear. >> you heard the statement, 30,000 plus. i was excited about the interview, talking about bitcoin. stuart: i deserved it with bitcoin, i deserved it. it is now at $30,089 a coin. >> you only bring it up when it is going down. i bring it up when it is going up.

stuart: you did the right thing. you are a good man. you are all right. see you later. the former governor of new jersey, chris christie, going after trump again. >> good-sized trump for not wanting to debate in the republican primaries. he said, trump said i'm too far ahead, why bother? maybe he will debate desantis or whoever is number 2, he said trump, you're a crybaby and a loser and if trump wants to be the president, he has to get in the ring, pal and give primary voters the opportunity to see everyone. stuart: isn't that dangerous to call trump names? lauren: chris christie on the campaign trail as the puncher. i'm running to expose the truth, to say what needs to be said about donald trump many of the other candidates walk this fine line of trying to keep the

base by doing that. stuart: let's see what trump's counterpunch is. back to the markets. plenty of red ink across the board down one hundred 50 for the dow and the nasdaq. luke boyd with me, fed policy. this caught my attention. you are telling me fed policy is more socialist than capitalist, those are fighting words. >> they are. if you want to get deep, central bank control interest rates, socialist policy within itself rather than free markets determining the boom and bust, every socialist policy solves a problem by creating other problems. let's look at the timeline of events, through socialist policies, that were supposed to

save the economy in response we raise interest rates to combat inflation but because our credit crunch. that credit crunch caused sale years. the first sign of cracks in the system, the government bailed out banks with unlimited insurance in the federal reserve, $300 billion to a balance sheet. america is the most socialistic we have ever been. citizens learning to run to their mommy and daddy to save the day. that creates dependency and that creates long-term problems. what's the next problem coming? stuart: my question, is the federal reserve which you, socialist institution, going to raise interest rates another couple times. >> from the time of the last rate hike to the time of the last rate cut defensive stocks perform better. to think we are closer to the

end of the rate hikes than the beginning of the rate hikes. and their won't be rate cuts. you file in long-duration higher stocks, and the tech stocks, this is a good time to lighten up and rotate the portfolio, and got addicted to spending. the consumer is addicted, to auto loans, cracks form in the labor market, don't fall into this at this point. stuart: not sure i will sell my microsoft or anything like that. don't hold your breath. interesting analysis.

you got to start with because low. lauren: it is down this week, for the first in 6 weeks. the latest news is german bank, dc bank, downgraded to as low. it is similar, recent downgrades, the hype might be wearing off, more than double this year but lost 24% this month. stuart: 3m is on top. nearly 2%. lauren: they reached $10 billion settlement. compared to water pollution claims. barclay says these settlement payments, most of their cash for the next decade. stuart: stock is up.

they had a number. next case is nike which is down to me. lauren: barclay see slowing demand in north america. it started to accelerate to the downside in the month of march, nike inventory way too i, kept their rating on stock but kept the price target from 154 to 157 at 109 now. stuart: whether it is a grudge match or not. elon musk, mark zuckerberg considering a cage fight. dana white says it might actually happen. i am a skeptic. i can't see this. lauren: they raise a lot of money and it went to charity. it could happen. let me tell you what dana white said. elon musk -- she said about four feet apart, i want to do

it in vegas at the octagon. dana white told tmz i was talking to jan and mark last night, they are dead serious about this. this would be the biggest fight ever in the history of the world, bigger than anything that has been done. it could fetch one hundred dollars on pay-per-view. 2017, floyd mayweather and connor mcgregor. mayweather's paycheck is $275 million. this could be triple those numbers. stuart: go to charity, who would win? musk is taller and is heavier than zuckerberg but zuckerberg is 12 years younger. to fight in -- they do. i put my money on musk. lauren: plus that walrus move.

would they actually do this? lauren: i am a skeptic. lauren: it is fun and would drum up so much buzz on social media. stuart: that is very true. let's move on. college volleyball player served by ai. it happened after she asked chat bot to shorten a sweet, i don't get this, roll tape. >> are you kidding me? ai, weapon eyes as a political tool used to hide the truth. stuart: she says she was scolded by ai to be more inclusive. not sure i understand it. house republicans try to block a bill that would punish homebuyers with group credit. if you've got good credit, what you pay, more to help those with bad credit. hillary vaughan has the report coming up. the white house hosted india's prime minister for state dinner last night.

i think biden is closer to india as china turns hostile. is that a good move? i think it is great. congressman andy barr takes on next. ♪ t in college and, no matter how much i paid, it followed me everywhere. between the high interest, the fees...i felt trapped. debt! debt! debt! debt! so i broke up with my credit card debt and consolidated it into a low-rate personal loan from sofi. i finally feel like a grown-up [crowd cheers] ditch credit card fees and high interest. borrow up to $100k with a sofi personal loan. go to sofi.com to view your rate. sofi. get your money right. ♪ chevy silverado has what it takes to do it all. with up to 13 camera views. and the z71 off-road package.

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stuart: the state dinner with india's prime minister, biden was trying to tilt the us away from china towards india. congressman andy barr joins me, you are in favor of this tilt towards india away from china? >> absolutely i am.

india is a democracy, china is an authoritarian communist dictatorship. on that basis we should be deepening our ties and relationships economically and militarily on a security basis with india to counter chinese expansionism in the indo pacific. we share values with india. not everything is easy with our relationship with india. we want them to decouple more from russia and stop buying russian gas but in the end we need to deepen our ties as joined members of the quad security arrangement in the indo pacific. both countries are committed to a free and open indo pacific and share a concern about chinese aggression in the region. stuart: don't want to get picky but hunter biden was at the state dinner and he was there just hours after house lawmakers exposed the biden family corruption. it seems strange to me.

>> these investigations need to determine if the corruption of the president's son extends further into the family and the white house itself. this compromises our ability to conduct foreign policy in a dispassionate in the interest of the american people. stuart: can you point to foreign policy success for the biden administration? >> that's very hard to do because the debacle of the retreat from afghanistan is emboldening our adversaries, the attempt to renegotiate the flawed iran nuclear deal jeopardized the security of our key ally israel, weakness on the world stage projecting weakness and not responding to the spy base in cuba and the

spy balloon and continuing to allow the chinese to access american capital markets, this demonstrates a failed foreign policy that project weakness. there is this unbelievable effort to negotiate with china from a position of weakness. we call it zombie diplomacy, sleepwalking into these meetings. china is uninterested in these negotiations. don't know what they are trying to achieve. we need to deter china, priebus shinning more military assets in a democracy and taiwan and cutting off capital flows, sanctions for assisting and funding the russian aggression ukraine, the genocide, all of these issues are not being confronted. that means less deterrence and more aggression from china. stuart: hunter biden, notwithstanding, a foreign policy success. thanks for joining us.

remember the biden suggestion, homeowners with good credit pay more. homeowners with bad credit payless. republicans are trying to do something about that. what are republicans doing? >> holding a vote today on the house floor trying to undo this rule that went into effect in may that they say punishes people with good credit, helps people with bad credit get homes but when you do the math it does just that. a bank rate analysis found for some one trying to take out of $350,000 mortgage, if you have good credit paying $2000 more in fees, so republicans are trying to reverse this. >> you, the middle class, are going to be punished under the new biden rule because people who didn't do the hard work you did to make sure they maintain good credit so they can

participate in the same way you and i are now going to subsidize that. this is harm home ownership and attacking that. >> financial expert say this policy is a disaster, state financial officers writing to biden begging him to think again about this rule saying incredibly those who make down payments of 20% or more on their homes will pay the highest fees, one of the most backward incentives imaginable but democrats say republicans are anti-biden and brushing off concerns the new rule hurts the middle class. >> president biden and house and senate democrats for the little class, those who aspire to be part of it and trying to make sure things traditionally associated with a middle-class lifestyle like affordable homeownership are sustained in the united states of america. >> reporter: republicans have the majority in the house so it

is possible reversing this rule could be passed today, the senate would need to act as well. stuart: never forget that one. thank you very much indeed. aaron rogers, he shocked the sports world when he said he would take a psychedelic drink. the jets quarterback is trying to combat the stigma around athletes, we have a report on that for you. the attorney general of new jersey suing three school districts over transgender policies, the state doesn't want schools to tell parents their children want to change their identity, gender identity. they wanted to be hidden, that's new jersey for you. nate for a has the story after this. ♪

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loan delinquencies will go above the 2019 levels, $170 million calling that sizable shock to a variety of sectors the same day they initiated coverage with a cell and a $5 price target. stuart: next case, under armour. lauren: they are down 10.7% to equal weight, take the price target to $8. they say they are too exposed to north america, too much inventory. stuart: the dow is down 166 points. the attorney general in new jersey suing three school districts over transgender policies. the state doesn't want schools telling parents if someone wants to change their gender identity. have i got that right? >> exactly right. the states argument is it is discrimination if a teacher

tells a parent about their own child's gender identity, if there's a change to it, change in pronouns or name change but a lot of parents are not comfortable with that and we saw that at a school board meeting. >> having them think their parents are not safe. forcing children to turn to other people than their own family. my children belong to me and no one else. >> reporter: the attorney general filed lawsuits against three new jersey school districts of this week, he says the policies will, quote, harm our kids and pose severe risk to their safety. some parents agree. take a look at this. you see this group chanting save trans kids outside a school board meeting. a lawyer representing barbaro

township school boards, one of 3 school boards involved in this says parents have a right to know about their child's gender identity. the attorney for the school board tells fox news this morning, quote, it is our position that keeping parents in the dark about important issues involving their children is counterintuitive and contrary to well-established us supreme court case law, parent have a constitutional right to control the upbringing of their children. attorney general plat can seeking an injunction of superior court is the challenge plays out but the amended policies remain in effect. stuart: what a story. both sides of the fence. protection of women and girls in sports act passed the house in april, a bill to make it illegal for any school receiving federal money to let biological males participate in women's sports.

former college swimmer abby car joins me now. you competed against leah thomas. what happens. can you tell us? >> thank you for having me on the show. i appreciate it. i can tell you about the ivy league. my team, she won pretty much everything she swam and at the time we were advised to stay quiet and focus on our own races, focus on winning our own championship and in reflection this was out of line, thomas had the biological advantage in every race she competed in. stuart: trying to paraphrase what's going on here. those biden want to force women to compete with transgender athletes? is that where we are? >> yes.

i think the biden administration is trying to have their civil rights moment, trying to make this of their civil rights activism purpose. they are doing that by disseminating against within. i spoke for the moms for america press conference and explained a brief and powerful anecdote regarding my experience as a female athlete and interesting watching the biden administration push aside these narratives from female athletes. others we are seeing now all over the country. they clearly are not protecting women's sports. stuart: has it become a political issue? i notice this bill passed in the house 219-203 pretty much along party lines. republicans voted for it, democrats voted against it. is politics involved? >> what should be a blunt

scientific reality determining an athletic issue has become so politicized we can't even have a rational conversation about it. for example, i spoke about it a few weeks ago and said something to the effect of my journey in athletics has been informative but i should not have to race biological males. i will use the term the left wants, signed male at birth. i should not have to race someone in that capacity because it is not fair. it so politicized we can't even have these conversations. stuart: to you it is a question of fairness. it comes down to that. fairness. the way it is now, not fair, you want to make it fair. great stuff, thank you for being with us. hope to see you again soon. on a somewhat related note,

volleyball player macy patty claimed she was scolded by chat gpt over tweet about protecting women's sports. i don't understand this. >> reporter: patty wanted to try chat gpt, she had a problem. she had a lot to say about protecting women in women's sports, she asked chat gpt can you figure out a way to shorten my tweet because i went above the character limit. killing two birds with one stone. however, a i corrected her, scolded her and said you cannot speak like that. you need to be more inclusive in your language. so now patty is at war with a i as well. >> ai is being weapon eyes for some sort of political tool used to hide the truth. it is literally advocating for the destruction of all sex based instructions. we need more transparency, there's a lot of people using these tools having no idea of

the biases. >> reporter: he's brave for two reasons, for standing up to protect women in sports and going after big tech. stuart: good for her, just not right. here's another one for you. new york jets cornerback aaron rogers speaking out about his use of psychedelics. he says a psychedelic drink helped his nfl career. lauren: credited it for two mvp titles. it's big and the yoga community, latin america. it is like your mind. this brew helps you release them. it heals you spiritually and in other ways. using these words on his podcast saying i take it. it has helped me tremendously. he also, when he made his decision to leave the packers for the jets, he had a darkness

retreat. this is his thing. psychedelics are banned in many places. stuart: i want to know what are the affect of i alaska -- --iawaska. lauren: it is supposed to be with a shaman, not a straight throughout the. i have never tried it. i hear it is great for its ability to clear your mind's ability to focus. so if there's something bothering him he was mentally removed and able to throw the ball further. stuart: i want to keep this job so i am going to move on. the director of the movie titanic james cameron has visited the site and he says the tourist sub disaster is similar to the titanic ship wreck. coast guard officials say the five passengers on the submersible died instantly in catastrophic implosion. we are learning the u.s. navy may have heard that implosion days ago. mike tobin has the story from

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stuart: the search for the ocean gate sub ended in tragedy, the submersible wreckage was found near the titanic site. take me through what we know happened. >> reporter: a very sad ending after the hope, the searching. those moments after they lost communication there was a catastrophic implosion of this vessel. now that the knowledge is out there we are starting to see the assets drawdown the assets that were involved in the search and what was considered a rescue efforts. a tweet says all rescue assets will return to base to

regenerate search and rescue capability and prepare future search and rescue events, the navy converging that acoustic technology in the ocean picked up sounds of an implosion just after the submersible titan lost communication last sunday, friends, family, fellow explorers know that pilots and passengers did not suffer, they died in an instant and they died doing something they loved. >> what they are saying, the titanic wreck site, doing what he loved doing, exploring. >> reporter: the family sent a message we are truly grateful to those involved in rescue operations. their untiring efforts were a source of great strength for us during this time. the statement from the hamish harding company said we could take any small consolation from this tragedy is that we lost him doing something that he loved. the us coast guard says assets

are out at the site, the remote operating vehicles have still been working, looking at what is termed the debris field 1600 feet off the bow of the wreckage of the titanic. they are not confirming if any of that wreckage will be salvaged, if it is practical or possible. stuart: thank you. on a similar note, the ceo of ocean gate, stockton rush, tested the sub in 2018, had photos of these tests. to reach lauren: he started working on the titan in 2013 and tested it in the bahamas five years ago. those are the images of his tests. the first voyage was in july 2021. there were several locations. rush said publicly i broke some of the rules to build this. instead of titanium he used carbon fiber. he would launch in international waters to get around industry regulations. when you look at these pictures

of his baby, if his dream and you see what happened, it's really sad. stuart: the director of the movie titanic broke his silence, what he saying. lauren: he says uber's -- hubris may be behind both tragedies. >> i'm struck by the similarity of the titanic disaster itself where the captain was repeatedly warned about ice ahead of his ship and yet he steamed at full speed, a similar tragedy where warnings went unheeded, to take place at the same exact site. with all the diving going on all around the world i think is astonishing, really quite surreal. lauren: james cameron is a submersible designer himself. he also called this carbon fiber construction fundamentally flawed. i think he is right.

the similarities are just strange, coincidental and we have 1912, what happened, with the titanic, 2,023 to the titan, went down, to see what happened on the titanic. stuart: i don't think there will be another expedition in a suppressible like that. lauren: there are other ways to do it. stuart: we told you how some lawmakers want to ban tiktok completely. that's not stopping american companies from using this apps to help their businesses. lauren will explain it all in just a moment. artificial intelligence finds conservative women are more attractive and happier in photos. we speak to the founder of the conservative dating apps the right stuff, he joins us next. ♪

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stuart: despite calls to ban tiktok, many say the apps's use is crucial as a marketing tool. lauren: they see tiktok as a

billion person focus group. if videos it goes viral on tiktok there's a reason behind it. when example, chipotle, the heated quesadilla started on tiktok, two influencers smashed it together. it became so popular, chipotle put it on their digital menu. then this is the lululemon everywhere bag. you might see girls walk around like this. this has been in the lululemon store for years. no one was buying it. it became a hot seller or hot item on tiktok last year and now it's the biggest sensation. these are two examples how companies are capitalizing on these tiktok trends. they don't need pr or marketing team. social media, 7 in 10 customers purchase on social media. half of millennials trust it. stuart: we have an important guest next.

lauren: they are reportedly testing the making and marketing of their own product starting in the uk. this is a chinese company making and marketing products. one more thing. their coo has left the company, a disney veteran in charge, the new brand communications officer, she talked to ceos, how to combat china, what is our messaging to be, you see the bands of tiktok, the entire state of montana. where do we go when lawmakers think beijing is spying on you. stuart: are we done yet? lauren: if you would like to be. we when i would like to be done with this. a new study, artificial intelligence finds conservative women more attractive and happier. lauren: this is more important? stuart: we have a guest here, the founder of the conservative

dating apps the right stuff is sitting on set. conservative women look happy. do liberal women look sad? >> yes they do. stuart: that is important. >> gathering these photos. it took into affect the happiness, the attractiveness. what is on the inside is coming out on the outside. if you are living a purpose filled life, you are happier. people that get married, women that get married become more conservative. women the get married and have children become more conservative, they are happier and it is showing. we when you could be on dangerous ground sitting next to lauren. you can tell all of this using ai, looking at photographs? >> that is what this study found. if you are questioning the data, go on the right stuff and you will agree conservative women are more attractive. stuart: a conservative dating site.

>> it's live in the apps store. free to use. stuart: do i pay? >> we are based in southern california with our biggest network, 7000 monthly active users. our second biggest network is in new york city with 1500 members. blue one making a ton of money? >> we hope to be profitable by the end of summer. stuart: what is phubbing? lauren: someone on their phone and not paying attention. what we emphasize is a unique feature, we want you to use it as a tool to get out, don't want you on your phone. lauren: during a date? >> took us to a yankees game, someone can say they are interested, emphasizing getting people out, having life experience instead of being on your phone. stuart: the right stuff, that was important. lauren: tiktok is making money and you are not making money. stuart: give the guy a break.

>> we do use tiktok. stuart: thank you very much. still had, kennedy on companies capitalizing on last algia. daniel gaza talking about the top pages for latino voters. alicia finley on the root causes of san francisco's collapse. hunter biden appeared to enjoy the night at the india state dinner hours after a whistleblower revealed financial corruption in the biden family. we've got it all and we will be back. we're clearly different. (other money manager) different how? you sell high commission investment products, right? (fisher investments) nope. fisher avoids them. (other money manager) well, you must earn commissions on trades. (fisher investments) never at fisher investments. (other money manager) ok, then you probably sneak in some hidden and layered fees. (fisher investments) no. we structure our fees so we do better when clients do better. that might be why most of our clients come from other money managers. at fisher investments, we're clearly different. ♪

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