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, straight to the

money. some green, dow is up 50, nasdaq up 87, 2 thirds of 1%, the 10 year treasury yield coming down. it had been down more than this, that helping the nasdaq, down one basis point, 272, price of oil at $68.42 a barrel. strength in bitcoin, 30,597. just coming at us via computer the latest on consumer confidence, a number that can sometimes move the markets. lauren: we are more confident, one hundred 9. 7 in in the month of june from 1.23 in the month of may. we got a bigger increase. stuart: i see the market not that much reaction but holding firm. do we get new-home sales? lauren: it was a surprise

increase, up 12.2% in the month of may to seasonally adjusted annual rate of 763,000 units, a month's supply went down a lot, 6. 7 months supply on the market, the prior month, 7.6 months. that's a big decrease. stuart: what we've got his strength in consumer confidence, strength and new-home sales. that is good news. is good news bad for the market? could we be back at that one? a strong economy, maybe it has to raise rates. see what i mean? what we've got is the dow up 50 points and the nasdaq is still 60 points, not that much reaction to the strength of the economy. that just happened and now this. the democrat party have been strength?

do they have qualified candidates ready and eager to take the oval office? my answer is no, they don't. start at the top. president biden, 7 out of 10 do not want him to run for a second term. 's age is his problem and hunter does not help. kamala harris has the lowest favorability score of any vice president in generations. what about potential challengers. the hill newspaper detailed three democrats, not biden or harris, republicans fear most in 24, gavin newsom, michelle obama and rfk junior. i don't see much bench strength there. the republicans fear california's governor? there's some advantage in his good looks but trying to make the country perform as badly as california is performing is up to the struggle. of michelle obama were to run she would harken back to her husband, not an automatic win. and she would have to answer

for president biden's failures. rfk junior can bench press 400 pounds and do push-ups on demand, but his childhood vaccines in the war on ukraine, he is very very green. if for some reason the president steps hide the democrats have to pay the gap. contrast that with republican lineup, business people, diplomats, a big bench and likely to get bigger. those of us who love politics, prime time has arrived. what strikes me as the tiredness of the democrats. they've exhausted identity politics and the vigor of republicans eager to change the country's direction. the republicans have been strength, the democrats do not. second hour of varney just getting started. ♪ stuart: wall street journal

editor jerry baker with us. i am saying democrats have no bench strength, a lot of vigor. >> not anything, it would be rude of me to disagree. it was one hundred% correct. this is why democrats are weirdly in a sense rallying behind president biden. they don't have any alternative. when an incumbent president is 40% approval ratings, the party scrambling around, a slew of candidates trying to run against him. don't necessarily convert into the presidency. democrats are a little bit like, biden has his own problems in your take, it is a little like democrats are in that position in the movie

weekend at bernie's, kind of like that with president biden because he doesn't -- lauren: your favorite movie. >> at least in the polls beat donald trump, the latest nbc poll showing is unpopular is biden's he is four points ahead of trump. that's what they better do, better find a way to keep him conscious at least for the next 18 months. stuart: let's talk russia. president biden says the us had no involvement in the rebellion. >> we had nothing to do with it. this is part of a struggle within the russian system, too early to reach a definitive conclusion about where this is going. the outcome of all this remains to be seen. stuart: you have written about it in the wall street journal. how is this playing out? >> you achieved great things,

actually, winston churchill famously said russia was so difficult because russia was a puzzle, an enigma. a mystery inside an enigma. we don't know, this is so bizarre. you have this attempt by this guy, according to everything we knew, he leads this march, could have gotten to moscow, very little resistance. this is a mutiny, i will punish people responsible. and in comes belarus, deal is done. supposedly the waggoner group allowed back in the military. then putin comes out yesterday and says people can be punished. i think there's a lot going on here. the defense minister, achieving the defense, there's a lot going on here. mr.

putin has been weakened. weaker than we thought and how this plans out, your guess is as good as mine. stuart: a difficult thing to pad out in the future. but insights and appreciate it. take a look at this. this is from the wall street journal. mondays are the new office fight. a different subject for scott schelladdy. employers trying to get workers in the office on monday, set a good tempo for the week. employees are fighting back. whose side are you on? >> 100% on the side of the employer. this sounds a lot like defund the police. how did we get that idea oxygen? i can't believe we are giving this idea oxygen. you should be in the office monday, tuesday, wednesday, thursday, friday. i know a lot of these employers were their own worst enemy by

not being more definitive and more stern about getting folks after the pandemic and the general public was scared out of their wits, they stayed under their desks at home shaking about something that probably wasn't going to hurt them but now we are in this position, it's going to be a terrible mistake for these young kids whoever these people are, fighting not to go back, because i think at a time you have artificial intelligence on your tail as an employee, if you do this job from home, there is somebody in india that can do the same job from their home for 25%, i used to be around the older guys in the office when i was young, let them show me the ropes and number 2, if there's a chance for investment, i want to be the guy who's always there and always counted on and always in the office. this idea that you'll be the one chosen for the next big job

higher when you are not in the office, we have seen it happen. they've been working too -- neither employer knows it. stuart: literally two computer system and work from home on two jobs and works very well. problem is if you've got an employee who wants to work from home on a monday and that employee is really good. you are not going to fire him? >> the road ends in either scenario, they run the risk of losing an employee by making everybody show up every day or over time as the economy ebbs and flows and things start to really slow down and a difficult time where they have to look for layoffs or somebody to move up the ranks it's always going to be better to be

there. people will slowly learn they can differentiate themselves by showing up monday through friday rather than the one who gets the accolades sitting at home. stuart: show up with a smile on your face, it works wonders. thanks very much, see you again soon. time to look at the markets and the movers. i'm interested, jenna rack was way up, 5.5%. lauren: 55 million americans are under heat alert that uses up demand backup generators, that's why does up 138-34. we one delta is on a roll recently. lauren: when you're high for shares, almost 2% so delta increased their outlook, the summer travel demands sustained and projecting revenue growth in the current quarter between 17%, 20%. stuart: all over the place you see an upside move, consumer confidence is up, home sales up. lauren: what does that mean about the recession?

the most talked about an expected recession that hasn't materialized. stuart: ali baba is moving and it is up. lauren: they were cut at bernstein, this is the china economy story, they say traffic is slowing down, costs rising, and also the marketing, advertisers that spend on ali baba they describe as anemic. stock is up. stuart: i will take it. now to the elon musk headline of the day. his mom, his mother, her name is may. can't read the prompter. musk says she canceled her son's cage fight with mark zuckerberg, musk's mom did not tell musk she canceled it. lauren: her son's company.

stuart: will he canceled it because his mom says so? lauren: a verbal fight, the funniest answers when. do you think -- listening to my mom has good sense here. these are not professional fighters, mark zuckerberg and elon musk. you have seen the ufc head who wants a physical fight, promoting the heck out of a nerve fight, zuckerberg versus muscat. he said everyone will watch this hypothetical nerd fight and they will. can't wait to see it. who do you think would win? i would pay a hundred bucks. >> musk needs to unplug zuckerberg. lauren: who do you think would win? that is 52%. stuart: i'm going to move on from this.

david portnoy, a crackdown on coal, let's do it again. >> people getting cut on the subway, mobs robbing stores and you are coming for coal oven pizzeria? you think shutting down 10 to 15 pizza places is going to make a difference? stuart: he is good, pizza owners say this rule could cost them a lot. china issued a warning against any country that decided to break up with the beijing, any economic barriers get to confrontation, details on that coming up. president will candidate ron desantis released his board security plan, he wants to finish the wall, end birthright citizenship. can desantis get it done? tony gonzalez takes it on next.

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1-800-217-3217. that's 1-800-217-3217. stuart: ron desantis unveiled his border security plan, a big rovio. ashley has details. this is a big plan. you believe to ashley: he was speaking in south texas. completing the border wall, more aggressive moves against drug cartels. use of deadly force, the end of catch and release, restoring the remaining mexico policy and ending birthright citizenship. listen to this. >> republicans and democrats

always chirping about this and yet never actually bringing the issue to a conclusion, never getting the job done. when we go in on day one, we are going to marshall every bit of authority we have, we will work with congress when we need to, take executive action when we can, it will be a day one priority. ashley: birthright citizenship is a constitutional declaration of any child born in the united states automatically an american citizen. changing that will require a constitutional amendment meaning is simply second order would be struck down by the courts. we know that. a lot of people support that, donald trump -- stuart: texas congressman tony gonzalez. you were at the border meeting or what do you make of this plan to end birthright citizenship? that will be contentious. >> i was at another event in el paso, a hundred miles away. running for president has to be

a fun. you can say what you want and not have to deliver on anything until you get the job. campaigning is one thing. governing is another. you want to secure the border, implement the trump policies that were, end catch and release the remaining mexico policy, build a wall. these three things work, that in itself is hard enough to do as it is. i want to see the white house, whoever is in the white house had less power, not more power. i'm against executive orders, it needs to go through congress. we need to get congress off of dead center to fill these gaps. stuart: desantis called for deadly force to stop the cartels. listen to this. >> we are going to create adequate rules of engagement. if somebody were breaking into your house to do something bad, you would respond with force. why don't we do that at the southern border.

if the cartels are cutting through the border wall trying to run product into this country, they are going to end up stone cold dead as a result of that bad decision. if you do that one time, you are not going to see the mess with the wall ever again. stuart: stone cold dead, do you approve? >> campaign talk. you get everybody riled up and excited and everyone going and then there comes the governing part, i had a bill that would label cartels as terrorist organizations. what almost happened at the border, the root of the issue, they are terrorizing people. house republicans shot it down. the problems, the obstacles are never the people you think they are. all the obstacles, campaigning

is one thing, i was in el paso yesterday. there is a new soft sided facility out there costing taxpayers $425 million a year. this is the story. people are getting rich off of the border security crisis, they don't want it to end. stuart: what does this facility do? >> it is a soft side facility that houses migrants, 2500 migrants, the largest facility there is. it was already at capacity. this problem, we are not seeing hundreds of people rush the border like we were a month ago but the problem is still there. people are getting rich off of this deal. it is like disneyland for migrants. i have been to all these facilities, don't want to see people in bad situations but this place was better than where my kids go to school, this is what we have to do. we have to highlight where our

taxpayer dollars are going. we can't let it be the new normal. border patrol agents tell me, a new job is logistics now. it is to guide these migrants. stuart: republican from the great state of texas. china issued a stern warning against any country that tries to break up with beijing. lauren: this is happening in china, the chinese premier defend it, defending globalization. and then to what you mentioned key, criticize this effort by the us and the west 2d risk their economies away from china and the chinese supply-chain. so that was a strong response at this time with heightened tension between the us and china. secretary of state blinken goes there, president biden because xi a dictator. treasury secretary yellen is rumored to go to beijing in

early july. china make nice but you have this increased rhetoric. stuart: they are trying to get together. lauren: diplomacy is working. to set up the big meeting between xi and biden. stuart: more states are considering charging drivers a mileage tax o'grady trimble has the story coming up. at deadly sub implosion drawing attention to the extreme tourism industry. virgin galactic's first fully commercial step spaceflight, this thursday. futurist and professor michio kaku deals with adventure tourism next. ♪

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stuart: on the markets, now it is all green, the dow was up one hundred, the nasdaq up 80, the s&p up 17 points.

start with the alphabet. lauren: down 1%, got a downgrade at bernstein, stocks up 40% for november lows and looks valuable from here. stuart: i bought it, 125, now it is up. kellogg is up nicely. lauren: goldman sachs upgraded $83 price target, kellogg is mispriced compared to growth opportunities. stuart: mispriced? i know better than the market. lennar. lauren: good home sales soared. 763,000 on an annualized basis. these 3 companies are at annual highs based on stocks. stuart: no wonder when building homes like that. the government is trying to

force more people into electric cars, that has to gas tax revenue plummeting. looking at ways to collect the money, o'grady trimble joins the. besides costing drivers more is this a privacy problem? >> how would you feel on putting a government tracking device in your vehicle? that's one solution, that they are test driving. just to give you a sense how much states are losing from the plummeting gas tax revenue. one firm estimates if they don't make any changes, don't do anything, the budget gap could reach $67 billion by 2050 because of fuel efficiency improvements, leaving state governments with less money to pay for road improvement politics, they are getting creative and somewhat argue invasive. some states are turning to

mileage taxes for electric vehicle owners, sorry for the sirens there. electric vehicle owners use roads like everybody else but they don't contribute to their upkeep through gas taxes. oregon, virginia, utah have programs in place where ev owners can opt into having a mileage tracker placed in their car so their tax for every mile they drive, some drivers have serious concerns about putting a government tracking device inside their cars as you can understand. another approach states are taking is tacking on registration for hybrid and electric vehicle owners. 3 dozen states have those fees, an annual fee of $200 every year for ve drivers, environmental groups are pushing back on that. group called environment texas says this punitive fee will make it harder for texans to afford clean vehicles which are

critical to reducing air pollution in texas. if all of those added fees and taxes aren't enough new york city got approval from the federal government to introduce congestion pricing charging drivers as much as $23,000 to drive into the downtown area during peak hours so driving, simply costs you more. stuart: i knew that and i live around new york city and i have to drive into the city. you are all right, thanks very much, see you again soon. virgin galactic's first fully commercial space flight takes off this week as adventure tourism is under scrutiny after the ocean gate submersible tragedy last week. futurist and professor michio kaku joins me now. the difference is space tourism is regulated. does that mean it is less risky? >> it does mean it is less

risky but there is still risk involved. for over 50 years in the space-age, the rate of rocket misfire is one% of the time. when you go into a rocketship, 1% of the time you may not be coming back. we've been lulled to sleep into thinking the bottom of the atlantic ocean is like a sunday ride. there are risks involved. stuart: do you approve of the space tourism, do you think it does any good? >> it is part of the normal progression in transportation. take a look at the railroad, the military lumber yards, commercial interests is dominated the railroads, rich people said we can create luxury liners and make a buck and now we are in stage iii where mom and dad can get on the railroads. we are entering stage 2 for the

exploration of outer space so we have been through stage one where russia and the united states went head to head in the space race, now we are talking millionaires who can afford $450,000 a pop to go up to the edge of space but eventually, mom and dad may be going into outer space. stuart: we've got that. i always think of you as a futurist, wonder what you think of ai. the world seems to be divided, the most wonderful thing ever or it is scary. do you find ai scary? >> no but it has to be regulated. we have freedom of speech but you can't yell fire in the middle of a crowded theater. there are restrictions placed on freedom of speech. same has to apply for chat bots. right now chat bots are not

regulated but they have to be regulated just like the movies. at the end of a movie there's a statement saying this movie was fake. all the actors are fake. everything about this movie is fake. that's part of the movie industry. you have to do the same with chat bots. we have to have a disclaimer saying the output of this program could be fake. stuart: i think of you as an astrophysicist. do you use ai as an astrophysicist? >> definitely. ai will be part and parcel of our life. imagine a world without ai, things would be more expensive, things would be much cruder, things would cost more, take more time, ai is great but it has to be regulated, same way freedom of speech is regulated. it has to be part and parcel of the way we deal with technology. stuart: michio kaku, pleasure

to have you on the show. thank you very much. the house weaponization subcommittee, it is called that thomas says biden, president biden colluded with big tech. is this censorship? ashley: the infrastructure security agency has preserved censorship of americans directly through the intermediaries. this comes on the subcommittee report as it continues to investigate the government induced censorship on social media. chairman jim jordan says nonpublic documents reveal the cyber security agency expanded its mission to survey all-american speech on social media, colluded with big tech and government funding to center by proxy and hide these unconstitutional activities from the public.

the agency engaged in coverups including scrubbing its website of references to domestic misinformation and disinformation. stuart: that's a breaking story we are just hearing about this morning. thank you very much. president biden denies, his son's foreign business dealings. ♪ stuart: what about texts which show a real connection? guy benson will take that on in the next hour. extreme temperatures push out electric grid to the brick. officials one large swaths of the country could face rolling blackouts. casey steagall reports from dallas after this. ♪

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stuart: remember the covid era business loan checks. and surveying home prices. ashley: they pushed up as much as we know, with the supply in the pandemic, for the paycheck protection program or ppp could have been a factor as well. the ppp distributed $793 billion between april 2020 in may of 2,020 one. a huge amount of money. previous research from the

university of texas says just over 117 billion of those funds went to suspicious lending. is the theory, individuals who receive these fraudulent loans to purchase property helping to push house prices higher? zip codes with high suspicious lending per capita, nearly 6%, much higher than zip codes with lower levels of fraud. stuart: all that money. thanks. according to the department of energy, two thirds of north america could see blackouts of this summer. casey steagall is with us. which parts of the country are most at risk? >> we are talking about large chunks from the western part of the country to the central us down in the southern states and northeast. it is widespread, and fearful,

talking about another scorcher in texas and arizona, places like oklahoma, louisiana and alabama under his these heat warnings meaning real field temperatures well above 100 °, millions of americans are turning down their acs to try and cool off but that raises concerns whether there is enough supply to meet electricity demand. a group called nerve released its assessment report from the us department of energy and that report shows that two thirds of north america is at an elevated risk of electricity shortages are faced with extreme conditions in the coming months. what large swaths from california to new england, aging infrastructure, focus on renewables and changing weather patterns largely to blame. 70% of the nation's electricity grid is 25 years old and in

texas, the agency over the state power grid is confident that there will be enough supply at least for now. >> the grid is under tighter conditions, doesn't mean there is an imminent issue that the grid will go down. >> the white house has pledged billions of dollars to fund transmission and grid updates including building of new interstate transmission lines and enhancing those green energy alternatives. the report emphasizes there should be no issues in the states we mentioned if the projected peak demand is correct but as we know that is just a forecast, into unforeseeable issues like plants going off-line because of technical reasons or the extreme heat and the duration of these heat waves all factors

that risk higher levels. 2 thirds of the country, quite a lot. stuart: that is why the generators are selling so well. that's what is going on. president biden called high-speed internet a, quote, absolute necessity. he pledges high-speed internet will be available throughout the us by 2030. how much will it cost? ashley: it won't be cheap. how about $40 billion? that's the amount that will be distributed across the country to deliver high-speed internet in places where there is either no service, or service is too slow. 7% of the country in the underserved category. biden says his administration is working with service providers to bring costs of household utility but remains priced at a premium.

it basically says we have done something. stuart: you think high-speed internet is expensive? just you wait. stuart: socialized medicine. we show activists barking. shouting down a preacher during a pride parade. pride activists were encouraging children to show -- throw bricks at pictures of republicans.

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bud light -- this boycott has been going on three months now and they say keep the boycott going but deserve to go broke. bud light sponsor the toronto pride parade for ten years, they did so again this year. unfortunately this year the toronto parade, just watch it. they were watching. just verbal comments. stuart: something similar here. a preacher reading from the bible being harassed in aggressive fashion at a pride event in seattle. you see this video. the event also, where kids throw bricks at pictures of republicans. jason rantz, i found that video very hard to watch. has there been any backlash to it? >> no because this happens all the time. this is someone who is a

frequent traveler when it comes to these events, whether it is pride or any high-profile event, he's going out and trying to talk to people with good intentions, he's almost always reacted to in such a harsh way. there is also video of this, they steal his bible and tear it up when taunting the guy, this from an organization and group of activists who se how their tolerance. they are not tolerant at all. stuart: you are a gay man and i want to know how you feel about the lgbt q plus community acting like this. how do you feel about it? >> makes me deeply uncomfortable. it's not a community i would want to be a part of. these activists are not an accurate reflection i think of everyone and more people on my side feel increasingly

uncomfortable with the direction activists take. there was a time in which there were hard-fought and important battles activists took on and i'm glad they did that but now what they are fighting for is the ability to give children puberty blockers or remove breast tissue. that is not something most of us can get behind. stuart: a bridge too far. you wrote an op-ed on the devastation and decline of san francisco. i call it an economic and cultural collapse which is there any chance the authorities, federal or state, could step in and take control of san francisco in this crisis? >> don't know if they would be willing to do that. they would be willing to acknowledge this has been a failure. what we are seeing in real time is san francisco diane, the result of policy decisions, when you go into downtown san

francisco, union square, the office vacancy, the highest it has ever been, is expected to be worse, you have burglary and larceny up year over year, total mismanagement, building more housing, affordable and otherwise and not doing it. they are focusing on reparations, focusing on all the wrong things. when you see some pushback at city level, allowing police officers to enforce drug laws, will question of the city leaders, can they say to the radicals get lost. in charge this entire time, you run the city into the ground. stuart: we will wait to see what happens. thanks very much indeed, see you again soon. still ahead, guy benson on biden trying to distance himself from foreign business deals of his son.

prince william and kate thriving in britain. then there is this. ron desantis unveiled his plan to fix the border, the democrat national committee says desantis's plan is cruel and callous, it is a bold plan, we will tell you about it in "my take" next. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. what do we always say, son? liberty mutual customizes your car insurance... so you only pay for what you need. that's my boy. ♪ stay off the freeways! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

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