diva response. they came in and they supported him. i love to see that. that's the sign of an artist cultivating love and goodness in the world and just all of the support to him we can give him. maria: yes and i love this. it's so emotional, mike, but also a reminder that mental health disease is serious, and affects all of us in so many different ways. >> it's a little dusty in here, maria, after that. what amazing, amazing performance and like just you know, he's taking a break now but what a thing to overcome and be such a wonderful artist. maria: that's right. michael lee, tiana lowe, great to have you this morning thank you so much been a great show markets are mixed 30 minutes before the opening bell let's get to "varney" & company who picks it up now stuart take it away. stuart: good morning, maria, good morning, everyone. stalemate in russia and uneasy quiet descends on moscow. putin still present although his standing is diminished. the leader of the mutina,

yevgeny prigozhin is believed to be in belarus and called a dead man walking and putin says the leaders will face justice. two statements from president biden on ukraine the president says the u.s. have nothing to do with the rebellion in russia and he says he did not lie about having business dealings with his son hunter. it's starting. maneuvering for the 2024 election. ron desantis outlined a very bold border plan, build the wall and use deadly force on border crosses who show hostile intent. deadly force. today, desantis goes to new hampshire. he speaks in the town of hollace donald trump also goes to new hampshire speaking in indiana concordant later in manchester. a down day yesterday especially for big tech. not that much movement this morning the dow is looking for a drop of maybe just 20 points that's it. s&p down six. nasdaq up 53 points at this stage. bitcoin holding up again.

now we're looking at a price of $30, 700 per coin. interest rates same old same old the two year yields above the 10 year. the two year at the moment is 469 and actually coming down a lot and as for the 10-year that's at 3.74 going up, just a little. all right also, on the show today, the trouble with mondays. push is becoming shove in the battle to get employees back to the office on the first day of the week. it's not popular. who doesn't like montana mornings and yes the elon musk head of the day. it's from his mom. she says, she has canceled her son's cage fight with mark zuckerberg but she hasn't told him yet. question? will a man worth $200 billion take orders from his mom? lauren: yes. stuart: what! tuesday, june 26, 2023. "varney" and lauren and ashley are about to begin.

together forever ♪ stuart: that's, i like that shot what's this music? lauren: "together forever" stuart: i'm not aware of him. lauren: florida. ashley: just last week. stuart: all right, come on. ashley: that's 30 years ago. stuart: we got serious stuff on the show today. neon lauren is with us today. let's get to politics. fox has released its latest power rankings. ashley, what's happening in the big battleground states? ashley: i'm glad you asked. joe biden won three states on a margin of less than one point in 2020 those were georgia, arizona , wisconsin. the key came from suburban voter s who have higher incomes are more educated and tend to favor abortion rights and support spending on healthcare and education. that's a key block again, but

get this. minorities also played an important role. hispanic voters in arizona, black voters in georgia were critical to biden's victory in both states but the analysis says that republicans are starting to make in roads with latino or hispanic voters shift ing seven points towards the gop between the last two mid-term cycles, so that's an encouraging sign for the republicans. other key states to watch include pennsylvania, the flip from trump to biden in 2020. the gop hopes to activate white rural voters who delivered trump eight years ago. meanwhile nevada taken by biden in 2020 but delivered a bit of a mixed bag in the latest mid-term s as the states economy still hasn't fully recovered from the pandemic and then there's michigan, a key pickup for donald trump in 2016, but increased turnout among working class and black voters gave biden the victory in 2020 and the key again will be the economy, trade and jobs. those are the six key states and guess what? biden and the democratic national committee already

buying ads in all six. no big surprise. stuart: we're off and running. ashley: a long way to go. stuart: not in politics. ashley: a day is a long day in politics. stuart: look at this an op-ed and it's in "the hill." "the three democrats not biden or harris" republicans fear most in 2024. gavin newsom, michelle obama, and robert kennedy jr. all in still real dread in republicans. todd piro with us this morning. newsom, michelle, rfk jr.. i'm sorry but that doesn't show much bench strength does it? todd: it really doesn't and i don't really think it's all three because let's be realistic all indications are there's no chance michelle obama is running , unless something happens. she's enjoying her life making millions upon millions of dollars and now is not the time for obama, part two, necessarily , in the white house, although some could say biden is obama part two. the next person on that list, rfk jr.. i think many republicans instead

of being scared would actually be okay, if we can't get trump or desantis or somebody on our side in, he's not the worst case scenario because at least he brings the country back to some sense of sanity something from a kennedy democrat right down the middle although he's rather liberal on some positions. stuart: he's extreme in some areas. todd: he at least would bring the country back to moral sanity when you have joe biden, i think the main fear is that gavin newsom be biden 2.0 and that's what republicans fear the most because all of the shenanigans that you see out in california, the horrific policies bankrupting that state? that's what he would bring to the entire country, because let's face it. if it's in california it ultimately makes its way to the rest of the states. if he's the president, it makes it a lot quicker. stuart: todd stay there please. couple more for you later. the 2024 candidates are blitzing new hampshire today. who is actually going there? lauren: trump and desantis dual ing events about two hours

apart. ron desantis will be at a town hall at 10 a.m. and then trump is having a noon lunch with the republican women's group. that women's group told desantis he was stepping on their toes and needed to move his event. maybe some of them in new hampshire just don't like desantis. so, here is the deal. new hampshire is more libertarian than iowa and south carolina. desantis has a cultural message, a six-week abortion ban. that could work against ron desantis in a state like new hampshire and it might be one of the reasons he's way behind donald trump in the polls there. stuart: all right more on politics. fox's jacqui heinrich questioned president biden about his involvement in hunter's business dealings. watch this. ♪ [inaudible] stuart: todd this is for you. he can deny this all he likes but we have texts allegedly from hunter saying his father was

directly involved. todd: and he is going to deny this all he wants until at some point, i think, stu, the democrats force his hand, because we've been talking about this actually very real story for months if not years now. i don't think it goes into the mainstream until the democrats dnc decide we want joe biden and that's a sad state of affairs because every news organization should be covering this. this is potential bribery from the president of the united states when he was vice president and that's frightening stuart: you're pulling a face. lauren: i was just thinking, i'm sorry, of comments on the view where she say all this looks like a father who just loves and will stand up and defend his son and the argument was the nation buys into that. stuart: it's a fair point to be made on that and we will run that bite later in the program. lauren: i did not know. stuart: i think it's time we go to the markets and looked at the financials of the nation. on the left-hand side of your screen it's a split market the nasdaq is doing well up 55 points. leo kelly with us this morning. has there been any real impact from the situation in russia on

the markets, leo? >> no. i don't think so, stuart. when you look at events like that in russia, the question the markina:" will always ask is there is economic impact and the reality is it's just not. it's a political impact, geo political impact but not an economic impact. stuart: okay we just crossed into the second half of the year , 2023. i want to know how i'm going to make some real money in the next six months. you got any good ideas for me? make them specific, please. >> yeah, i think the first good idea is have some cash on the sidelines. we've had a good year in the market up to this point. the fed has been hitting the economy over the head with a hammer trying to get inflation down. this game they're playing with let's pause and then go back up i think is transparent. i still think there are some effects to come from the invert ed yield curve, the banking issue, and the fed's aggressive behavior, so what i

would say to folks is rebalance, put a little extra cash on the sidelines, make your 4.5-5% and get ready. the key is once you do that is when the market gives us the volatility that we expect in the second half, take advantage. don't try to be perfect. just put the money in as the market slides down. stuart: yeah, but if i'd done that i would have missed out on a very nice gain in the nasdaq and big tech stocks in the first half of the year. >> well, again, stuart, it's about taking profits as markets go up and this is a good time to do it. that is the point. also, stuart, this is, you know, while we want to make money in the next six months the stock market is a long term gain. when you invest in stocks, you're signing a contract with the market that says i'm playing this for the long term and so if you could take profits with some overvalued stocks, move it to some more inexpensive areas like small cap, like the international markets which

are very relatively favorably valued, and putting a little money in cash, and by the way, getting a rate of return. getting almost 5% on that cash while we wait for the opportunity. i think that's good. stuart: okay. if i miss out on a huge rally that's coming in the second half of this year, i'll blame you, leo kelly. ashley: [laughter] >> you can blame me stuart but show me a year where we haven't had volatility and i be surprised. stuart: okay, we'll leave it there and leo thanks a lot see you again real soon. we've got a lot on the show today how about this? we told you about new york city 's plan to crackdown on coal and wood fired pizza ovens for heavens sake. dave portnoy loves pizza and he's fired up about this. listen to this. >> do you know what's going on in new york? you got rats. you got trash in the city. you got cars, planes, private planes. you've got people getting slashed on the subway. you've got flash mobs robbing stores and you're coming for

coal oven pizzerias? stuart: yeah, we'll talk to the owner of a new york pizza shop fighting back. can he win? florida governor desantis unveiled his border security plan. oh, watch this , please. >> republicans and democrats always chirping about this and yet, never actually bringing the issue to a conclusion. never actually getting the job done, and so what we're saying is no excuses on this. get the job done. stuart: okay, it was a bold plan , desantis also said he would end birth right citizenship and use deadly force , his words, at the border. the u.s. is expected to announce a half billion dollars worth of new military aid for ukraine. looks like we want ukraine to win but republicans are against providing more aid. we'll get into that discussion, next. ♪ lives a game but it's not fair, break the rules so i don't care,

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stuart: the authorities in russia say yes, they will drop charges against prigozhin and others in the wagner group, but he has been called, this prigozhin, has been called a dead man walking. lauren: oh, yeah, well last night, putin didn't mention him by name. that means he sees him as an enemy. stuart: he's gone. lauren: or dead man walking so putin is trying to portray strength and unified russia. prigozhin says my rebellion was a protest, not meant to overturn

putin's power, and linked to prigozhin arrived in belarus according to a flight tracker. we'll see what happens. meanwhile ukraine's zelenskyy is trying to seize upon russia's weakness and said ukrainian troops have advanced in all sectors. they are pressing on with their counter-offensive and said on monday they have captured a ninth village in the south, where they have been advancing since earlier this month. stuart: i call that progress. the u.s. is expected to announce another half billion dollars worth of new aid to ukraine. that will include 50 heavily armored vehicles, missiles for the air defense system as well. congressman rich mccormick is on the house armed services committee and joined me now. congressman, this goes back to the argument, do we want ukraine to win? some in the gop are don't want to advance and win. where do you stand? >> i'm very aggressive on this war. anybody whose been to commanding staff or war college understands that most of the time, we fail on the wars because we didn't committee

inform assets and it prolongs the war and you lose popular support and lose the war. if we're committing to this just like vietnam and afghanistan when we were successful is when we committed to winning. that's why you had to be aggressive now especially during this turmoil that putin is experiencing. this is the right time to be strong to actually make him start to wonder why he's even there. this is the right time. stuart: okay, i'm going to change the subject for a second, because governor desantis has unveiled what i think is a very bold border plan. watch this , please. >> so if the cartels are cutting through the border wall, trying to run product into this country, they're going to end up stone cold dead as a result of that bad decision. we also need to remove the incentives to come illegally to begin with, and that means employment. that means taxpayer finance benefit and it also means this idea that you can come across the border two days later, have a child, and somehow that's an american citizen.

stuart: okay, congressman, are you comfortable with using as the governor said, deadly force on the border? >> so it depends who you're dealing with. realize the cartels are using human trafficking and all this massive migration to cover up fentanyl and to cover up child trafficking to the tune of tens of thousands of children. we know that about 80% of the women coming up are being raped while coming up here. i as an er doctor and on the front lines of this immigration crisis, this invasion, if you will, for the entire time, and i remember back in the 90s when i was flying along the border as a helicopter pilot watching massive amounts of people come across and as an air controller i'd have to stop in the middle of my close air support to actually let people go their way through the arizona deserts. this has been going on for a very long time and we've allowed it through poor enforcement and i think this is a good policy especially when dealing with armed people. we know we've lost 1.5 million

people who come across the border have been lost. we know tons of terrorists, record number have come across. we have to fight fire with fire when necessary. stuart: okay what about the other biggie i'd call it. ending birth right citizenship? the governor doesn't want people to walk across the border pregnant, two days later deliver a child who becomes an american citizen. he says that's wrong. he wants to abolish that. that would line right up against the 14th amendment of the constitution wouldn't it? >> it probably would and we'll have to address that in congress question is do the people want that? right now, we have laws that encourage bad behavior. typically when we change laws it's because bad behavior has been perceived based on the laws we have so i've been talking about this since the 190s myself why do we encourage people to have anchor children and people to come here illegally to deliver their babies and remain here just because they cross some magical border and now they all of a sudden became citizens because they broke a law? the question is do we want to enforce our laws or not. stuart: congressman, rich

mccormick thank you very much for joining us, sir. i've got a few anchor babies. there you go. governor desantis just received a big endorsement from florida, i think, which group? ashley: yeah, backing florida's governor the largest police union in the state of florida says it is backing ron desantis because he will make public safety a top priority in the white house. the union releasing a statement that said in part, "for the over 30,000 men and women in the florida police benevelent association the choice could not be clearer. governor ron desantis and his administration have made florida a law and order state, by invest ing in and supporting the thousands of law enforcement officers who serve on the front lines in keeping our community safe and secure" by the way this union endorsed donald trump in 2020. they also praised desantis for strengthening law enforcement including investing over 100 million to increase salaries of officers investing 20 million to support the fight against fentanyl.

he is their guy. there's no doubt about it for the union. stuart: trump and desantis will get the police vote all across the country. ashley: they will. no doubt about it. stuart: you skeptical of that opinion? lauren: no. i just see the police supporting desantis because he's their governor. i don't read as much into it. stuart: they all got a pay raise in florida. all mores got a very big pay raise. we have a couple of minutes to go before we open things up and we're looking at a situation where the nasdaq, nicely, 60 points higher been taking a few hits lately. the dow down a near 14 points and the elon musking bell is next and we'll take you to wall street for it.

stuart: it's a mixed picture on the futures market but the nasdaq shows a healthy gain we're up 62 points .4%. well look whose here. this young man has been on the program before and he's back he must be good.

he's jacob sonenshein, trying not to laugh and smile but he's a very young guy. jacob, welcome to the program. >> thank you. stuart: i want you to tell me, an old guy, how to make some real money, in the second half of this year. i want you to be specific. what do you got? >> all right so if we look at the winners and losers year-to-date obviously the big story is in big big tech as the first half of the year. what does that mean? you've had serious under- performance and even today in the last few days, you've had some under performance of smaller cap stocks, stocks that are more volatile in terms of earnings, cyclical stocks in some areas like mining. those stocks have gotten going a little bit. banks are still way down so if you look at the cyclical areas the smaller cap areas of the market they are beaten down and guess what? heading into the back half of this year and into next year, if the fed really is at the end of its tightening campaign, you're going to get a rebound in the economy. you're going to get a rebound in earnings. you're going to get good comps next year and you want to own

the high volatility big swings in earnings-type of stocks. stuart: so should i sell? i've got a position in microsoft everybody knows it. i declare it all the time. should i sell it? or part of it and get into these smaller cap things? >> we talked about it last time microsoft, no, i don't think you should ever really sell microsoft. i don't know what your time horizon is but i wouldn't be selling microsoft. stuart: okay i've got another very small chunk of blackstone. it's a very small chunk. todd: it's the word chunk. stuart: thin sliver of black blackstone and i've done very well with it. >> with large cap quality stock s whether it's microsoft or blackstone, blackstone might be more cyclical than microsoft you don't need to sell those. it depends where your funds are. if you've got cash, you don't need to get rid of those. i would keep those , get your dividends, own your quality, but if you have a source of funds to go buy higher volatility stuff, then you have your cash. you don't need to sell those. stuart: okay, so for the second

half of the year, your recommendation from a young guy to an old guy is get into the stuff that's not moved up yet, because it's going to move up sometime down the road. >> absolutely. stuart: small cap stocks. >> i like small cap. they are really beaten down. small cap banks especially the ones that haven't seen deposit outflows that are doing some good things that are exposed to diversified end markets in terms of lending those are interesting. stuart: small cap banks is like an etf of the small cap banks or >> you know something? there's kre, that's the ticker. it's not the smallest cap type of thing you can get , but there's probably six to 20 small caps, not in a vehicle that you can go after. >> [opening bell ringing] stuart: jacob sonenshine, you'll be back. >> sure. stuart: to answer for what you just told me to do. the market has now opened. we're off, we're running, the dow is just a fraction higher at this point. show me the dow 30, please. let's see where we are in the sense of state of the market

it's a mixed picture. it looks roughly like half are up and half are down. been like that for some time. the s&p 500 that's open where's that? it is up about a quarter percent , not bad. the nasdaq composite i think the gain there should be significant because they have had a lot of losses just the last few days. nasdaq is backup .4%, so big tech where's that today? headed by meta which is up four bucks nice gain. microsoft is up three bucks. amazon $1.22, apple $0.50 alphabet down a buck 40. i'm going to start with microsoft. they want to double their revenue. whoa lauren, i like the sound of that. lauren: $500 billion in seven years time. that implies at least 10% revenue growth per-year up until 2030. the main driver of that growth be the azure their cloud business. this is rare, where you see sat ya nadella come out and give the forecast and the reason

we know for this is the court filing for the deal for activision blizzard. stuart: that's what got it out of him. lauren: uh-huh. stuart: the next story, i'm fascinated by this this is basically the ozempic story. eli lilly are getting into the weight loss. do they have a pill, ozempic- like drug delivered by pill? lauren: right now it's an injection but they are working on pill versions. they have a few things, but this new one is called retratide showing the biggest improvement in, the the biggest weight loss to date in the market every company every drug. stuart: how much they lose? lauren: 41 pounds is the average , so -- stuart: that will be 24% of somebody's body weight. lauren: the other ones come in a rondiak low-ses, this is 24%, and it gets better because at the 10 month or so point you keep losing weight. so it doesn't stop. it continues. stuart: whoa. lauren: it's very promising. stuart: that opens up a whole new era of drugs taken by pill form to get your weight down.

ashley: the magic pill we talked about it, always dreamed of a magic diet pill. stuart: ten bucks 2% higher. how about meta. what are they doing with virtual reality? lauren: the stocks up 2%. a new subscription service for the quest vr headset, $7.99 a month getting you two titles a month getting you into their revenue stream, constant business. i also want to tell you their what's app has 200 million users that's a fourfold jump in three years time. now meta is starting to allow businesses to run ads on what's app, as opposed to facebook. another revenue stream, one more thing on traditional social media, you know they have facebook and instagram. they have new tools out to protect teens. so on instagram, if you're scrolling too much at night, they will alert you. stuart: i just want to know how many people paid 3,000 bucks for those goggle things. ashley: well the meta ones are a

lot cheaper like 500. lauren: 399. ashley: i've actually used them. they are very cool. my sons use them. stuart: is that right? ashley: yeah, they're great. take my word. lauren: you can get them and eventually show your grandchildren what it was like in the town you grew up in in england. stuart: you can do that with these goggles? lauren: yeah. ashley: yes. stuart: talked into something here. i've got a birthday next week. maybe i'll buy that. don't do that. walgreens, i know they reported earlier this morning. the stock is down 8%? lauren: we always talk about beats and raise how about a miss and a cut? they slashed their full year guidance after missing in the current quarter, it was their first earnings miss in about three years. they are increasing their cost cutting, and covid vaccine sales we know they're down, but down 83%. stuart: ouch. lauren: versus last year. 800,000 shots in the quarter. stuart: that's a lot. amazon. i know they are investing billions into their data center

in ohio and i presume it's about the cloud. lauren: it is aws is their most profitable segment 23 billion in operating annual profit so amazon is doubling down their investment in ohio, $7.8 billion for a data center to power their aws, creating hundreds of jobs and for ohio, it's the second-biggest private sector investment they have ever gotten. first being intel. stuart: these are the server farms aren't they? just giant places all kinds of security. ashley: yup. stuart: just building them out there. lauren: with tax breaks. stuart: well yeah, we need them. lauren: and paying jobs too. stuart: you've got to tell me about robinhood. i know they had three rounds of layoffs. is it possible more are to come? lauren: yes, another 7% of staff , or another 150 people being let go, so in the past year those three rounds have been over a thousand employees. why? their trading activity slowed. if you look at their monthly active users, halved from their pandemic peak back in 2021 and

they are buying a credit card company startup, diversy their business because of trading because it has died down for them. stuart: robinhood is below $10 a share. i think lordstown filed for bankruptcy. lauren: i think you are right and they put themselves up for sale at the same time, stock s down, 45%. so, who would buy lordstown? someone who wants fast entry into the ev market with the endurance pickup truck. the reason they filed for chapter 11 is that they said foxconn moved the goal post for their financing so they warned this would happen if they didn't get their promised money from foxconn they would have to file and they have. foxconn has a lot of client's. it's an until company. when you have a company saying well you're moving the goal post and we warn you, what does that say about the foxconn? i think that serves as a warning to some of the other clients. stuart: also tells me they are beginning to rationalize the whole electric vehicle

industry. lauren: yes, you have rivian with the pickup truck, the f-150 lightning by ford, the cyber truck coming from tesla and elon musk so, there is , it's a crowded space now. stuart: all kinds of models in china and germany too. lauren: yes. stuart: thanks lauren. check that big board in business now for what, six and a half minutes we're up 70 points, .21% show me the dow winners, please. those 30 stock which is are the best performers? microsoft is up top there, $4.81 higher. mcdonald's is active, salesforce , apple, nike. the s&p 500 headed by generac, the what's that? ashley: generators. stuart: of course they are, yeah got one. ashley: [laughter] stuart: 7% up they just keep on going. you've got to have one in florida. ashley: every other day. lauren: i believe i have a generac. i'm the only one on my block. stuart: you just bought peace of mind. lauren: yes. stuart: american airlines is moving.

carnival is on the list. nasdaq winners net ease, lucid, pin. uoduo and meta is up five bucks today. still ahead, the view anna navarro defends president biden and his relationship with his son hunter watch this. >> the hunter biden story, the scandal, this , that, it's also the story of a father's love, and joe biden has never and will never give up on his son hunter. stuart: all right a story of a father's love. we are going to get into that. this week the president's betting big on what he calls bidenomics. watch this. >> you're confident you can change the public's perception of the economy? >> we're going to try, right? stuart: coming up, i'll ask larry kudlow if he thinks biden can really change people's perception of the economy. larry is next. ♪

stuart: the white house is trying to sell what they call bidenomics. roll tape. >> i think it's pretty clever and pretty good. look, it makes good sense, bidenomics, kind of flows off the tongue really well. certainly it's a vision about growing the economy, from the middle-out, the bottom-up. >> you're confident you can change the publics perception of the economy? >> we're going to try, right? stuart: all right larry kudlow, you've got a question to answer. will biden grow the economy from the middle-out? i don't know what that means. can you explain it? larry: i don't know what it means. i mean, i have no idea.

here is what i know. stuart: [laughter] larry: i mean, i have no idea what it means, sorry. in the last five quarters, or 15 months, the u.s. economy has grown by a stagnant 1%. 1%, okay? that isn't even growth. it's really a growth recession. you want to compare that biden said yesterday he had the fastest growth in the world. by the way, canada to the north of us is growing at 3%. the eu is stagnant at 1%. india is growing at 6.5%. china is growing at about 4.5% so i don't know where he gets that. the other point is we went through it. look, biden never talks about inflation. not just the year-on-year inflation rate, which has come down as you know, from 9%-plus to about 5%, but the actual level of prices since he became

president is up 15.6%, and that has been devastating for households. kitchen table prices have soared so, you've got, for example, in the bottom quintile you've got wages falling 2.3% in real terms , okay? in the next quintile, these are all middle, lower middle class, wages have dropped 3.9% and overall, wages have fallen 2.1%. this is the problem with the biden economy. there's no growth and real wages have fallen, because the level of prices have skyrocketed, energy prices are up about 40%, grocery prices are up about 20%. this is why it's going to be a kitchen table economy. it's going to be a pocketbook election and biden's numbers are just awful, so he hasn't helped anybody. he hasn't helped the middle class. he hasn't helped the bottom

class. he hasn't helped the overall economy. we are on the verge of recession and our growth has fallen under him to 1% and by the way, stu, donald trump gave him a 6.5% growth rate in the first quarter of 2021 with a 1.4% cpi, so you go figure. what exactly is mr. biden done but tear down a good economy? stuart: can you, i just want to check the cabbies acupuncture radicals it of this. is it true to say -- larry: yes. stuart: well wait a minute, larry. the bottom 20% of income earners actually improve their situation more under trump than any other presidential period in our recent history. is that accurate? larry: yes. yes, that is very true. that is very true. the trump tax cuts benefited the lower classes the most and the middle class second in percentage terms.

the upper income quintiles actually benefited the least. remember, he took away the state and local deduction which a lot of people are still screaming at stuart: killed me. larry: all those rich, blue districts in silicon valley. i know and you're still complaining about it. stuart: i am. larry: but it was tax policy and the answer is yes. so we had the first three, we had the only 3% growth in one year. the only one in this new century we produced 3% growth, and the same thing will happen now, and that's why these tax cuts have got to be extended. look, the poverty rate came down minority, unemployment came down , and the middle and lower classes benefited the most and those are factoids. stuart: i've got it and i'm out of time. larry, we're watching you at 4:00 p.m. eastern this afternoon here on fox business.

larry kudlow great stuff see you again soon. it's a date. june 29. virgin galactic will launch its first fully commercial space flight. coming up, we're going to talk about how regulations actually played a major part in the success of space exploration. and we've got to get back to this. new york city's plan to crackdown on coal and wood fired pizza ovens. next, the owner of a new york pizzeria, he is here and about to walk across the set to deposit some pizzas on this set. ashley: come on down. stuart: i want to know if it tastes different when it's not coal wood fired stuff. he here and we'll be back. ♪ ♪ tourists tourists that turn into scientists. tourist taking photos that are analyzed by ai. so researchers can help life underwater flourish.

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>> holy geez. are you actually pauly g? i really like him. i'll send him a hat. fan of the man. fan of the brand. i guess i'm out of work. ashley: [laughter] stuart: yeah, that was dave portnoy giving a review of pauly g's in brooklyn. the owner is with me now.

so, portnoy is railing against new york city's rules on cracking down on pizza ovens. elon musk is weighing in as well and he says this is bs. but you have to change, don't you? >> yeah, the law said i had to. matter of fact i thought the law said i had to change by january 2020 and i did. i spent over $20,000 putting in one of these scrubbers and i'm glad i did because my neighbors were being affected by it. our chimney flu was very close to our building next door and it was affecting them and i did but there are other places that don't need to do that. i heard the mayor say that this is the same smoke that's coming from the canadian fires. that's like saying a drop of water is the same element in a cat 5 hurricane. should we ban water? stuart: well, but how do the pizzeria folks feel about being told, you've got to change and you've got to pay x amount of dollars to change. these are the rules. how do you feel about that? >> well it's unfunded isn't it?

but they will spend money, the government will spend money to help situations like that and i'll give you a perfect example. the new york city ferry costs $4 to get on. they did a study and the cost of a ride is over $10 so where is that money coming from? so why can't they do that with these small business owners like us, you know, who have to spend even more now. i spent 20,000. i talked to the owner of smoky usa and it's up $4,000 since then. stuart: just like that. >> just like that. stuart: to me it's all about the taste of the pizza. if you can not use wood and coal to fire up your ovens, does the pizza taste differently? >> yes, if you have to use a gas oven i could give a perfect example. i won't mention the name of the place but there's an iconic pizzeria in naples that opened up here in new york. stuart: naples, florida? >> naples, italy. >> [laughter] >> and they, i'm sure, because

of the hassle they put in a gas oven instead and it's just not the same. okay? they opened up in new york city somewhere, but my oven, my pizza is just the same because i'm still able to run it just as hot i've heard people quoted saying well the flu operates differently and you can't get , that's not true. i still burn in a thousand degrees and my pizza comes out just the same but if you don't want to have the expense to that , and many new businesses that want to open up these kind of places, are going to avoid it because of that. stuart: if you don't mind me asking, how many pizzas do you sell? >> i don't sell any pizzas. we serve pizzas. stuart: how many pizzas do you serve on a saturday, total? >> a few hundred. stuart: a few hundred? that doesn't tell me anything. >> i know. i know that. stuart: the average price is 20 bucks per pie? >> yeah. lauren: that's $20? >> yeah, 19. lauren: that's small. >> around 20.

stuart: you're doing well. pity you had to pay out 20,000 bucks. thank you very much for coming on the show. hope you pick-up some business in north brooklyn. >> i hope so. stuart: we have many people in north brooklyn watching the show i don't know, but there you go. thank you very much indeed. still ahead gerri baker, scott shellady, mike murphy and neil shawn. does the democrat party have bench strength, quality candidates ready and eager to take over the oval office and my answer is a definitive "no they don't" that's my take and top of the 10:00 hour and it's next. from big cities, to small towns,

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stuart: dean martin, why not. is that a kick in the head? yes. interesting title for a song. let's get on with it. it is 10:00, strait