♪ ♪

lady liberty new york harbor and you can see her today. it's been hazy recently that we thinr thth of july tomorrow. it is 11:00 a.m. on the east coast. this monday july 3, i am ashley webster and forth stuart varney. let's look at the markets, nothing to get excited about. all is an attempt down on the dow, nasdaq and s&p 500. let's look at the big tech names earlier, i think microsoft was higher -- note, amazon. still higher, have a present. stocks including microsoft and apple done 1%. let's look at the ten year treasury yield of we can, that was headed down marginally so by

about a basis.and 3.83%. supreme court with the use of race, what are americans saying about this decision? >> it seems most americans ag agree, there's supportive of the outcome, supreme court restricting the use of race as a factor in college admissions. 52% of americans according to a new poll. this follows the massive landmark decision from last w week. about one third of americans say they disapproved of the court's decision that american opinions change when we start to take a closer look about closer racial groups and whether they have a fair shot of acceptance. americans less likely to think black and hispanic students have a fair chance to get accepted. 47% think is a fair chance for

black americans. 67% think white white students have a fair chance. with learning this case was brought by asian-american students said the application of affirmative action hurt their chances of getting into school, they felt they were held to higher standards and according to a recent post poll, 65% of asian and pacific islanders said colleges should not consider race in admissions but to get the big picture, 52% of americans agree. >> that's a majority writer. thank you very much. guess who literally just set down in studio, roy murdaugh is here. perfect timing. >> that's what happens when you accidentally get on the train and want to go uptown. >> well you made it. >> i did. >> your reaction to the affirmative action ruling. majority of the people, many

saying it's not fair, blackened hispanics have a greater hurdle to get to the college of their choice. >> this is based on media blacks and hispanics cannot get in on our merits. it's a condescending bigoted attitude. what they need is to be able to have educational opportunities based on what they learn k-12, not where they are about to learn for college. school choice, having high standards in the k-12 and rejecting what we see in schools across the country which is a situation of highly tax funded failure corruption and lack of positive results, that has to change and that will prepare kids to get into college. >> get to the root cause. >> 2024 gop candidate nikki haley say is to soon for posttraumatic for the 2024 election. listen to this. >> we can look at past presidential elections and

understand poles don't matter right now. we got a debate in august and september and october. i've qualified to be on a debate stage. having been 3% and a five way governor's race, i know it's about hard work. >> i would say that, to if i had 3% pulling numbers but it is early days. things change, the days are long time in politics and i think is true. >> fifteen or 20%, i think should say look at this poll, sending your money. it is early and ronnie reagan announced in october of 79, a year before the election, now president trump announced week after the last election so the campaign goes on and on so is early but at the same time you're in the middle of it all things can change. he could have health problems, joe biden running for president, not running for president so there are many variables.

>> get down to this issue, you have a new op-ed saying quote trump should make police exempt from federal income taxes. why should he do that? >> we have a crisis in america right now, 230 cops killed on duty between 2019 and 2022. we've seen resignations go down 45%. people aren't showing up for the classes and we need to provide a shot in the arm to increase morale and incentives and encourage veteran cops to leave soon, stick around two or three or four years if possible and say will treat you the way we treat combat, close to the same for cops. that's a boost and turnaround the mess since the george floyd rise defend the police black lives matter, has led to this explosion. >> how do you pay for it? >> it costs $7200. average.

stephen fellow says the reduction, having one extra cup reduces crime related expenses by $350,000. >> pays for itself. interesting because the morale and police forces, especially new york's and chicago's and l.a., it's absolutely awful. they are resigning and retiring in record numbers, it makes the situation worse and unsafe for communities. >> when they are on duty, they think they can get sued the department of justice will come after them so i will just observe that crime. what cops engaged in the act proactively and this will be something to say got your back, keep it up. >> i've interviewed police in florida who moved from the nypd or chicago and said it's night and day difference, people smile and say good morning and they are treated with respect and they get more pay. what's not to like? >> they are keeping their money

because there's no income tax. when you see a cop, thank you for their service. they will appreciate that. >> good place to leave it. we'll get you a subway map. [laughter] thank you for being here. [laughter] republican senator lindsey graham was rude while campaigning for former president trump over the weekend. what the heck happened? >> boot in his home state. you've got to watch this. >> please welcome united states senator lindsey graham. [booing] [booing] >> welcome to pickens. >> ouch. he spoke about five minutes, food when he first took the

stage and when he walked off. he was there to support terms bid to be the gop presidential nominee but he's faced criticism from trump supporters because he's changed direction on his support of the former president. he's also supported ukraine's defensive efforts travel to kyiv but democratic senator richard blumenthal last summer and all that not pleasing to trump's base. one has to wonder whether this perception in california stains senator graham because he is represented of of the state since 2003 and told the crowd his home lived 15 miles from the area, literally hitting close to home. >> but he kept smiling which was all he could do. let's get back to the markets slightly lower but the volumes are thin, a lot of people are not at work. markets close at 1:00 but dow jones turned it around, a quarter of the%. nasdaq slowly lower.

sydow joins me now to talk about the markets. great to have you here. you believe the fundamentals not here right now. we have a weak economy, struggling labor market so as we look toward now the second half of the year, and we replicate what we did in the first half of the year? >> happy fourth and thanks for having me. this whole year has been a momentum push led by the retail investors. if you told me in january markets would be where they are right now, i would say you are crazy. fundamentally i think the numbers, the math don't support it right now. however, you've got to make a little while the sun shines and take advantage. got to be very cautious i think it's momentum keeps on, if the feds only raise rates two more times, especially if they take a pause in july, i think we can

finish up the year pretty st strong. >> is there still more room to run for the big tech names or is that come and gone for the investor? >> i think there is a possibility for sure. i think there's just so much economic news coming out, the recent supreme court decision on people having to repay or pay back student loans starting october, it's little things that will have impact, not just on the economy but the markets go will see more of that in october and number but i think there is more room especially with ai being so popular and getting a lot of ground. >> i have to leave it there but thank you for taking the time this monday to join the show, we appreciate it. lydia, come back on here. the markets new today, expected that but there are some numbers

with so fight. >> sophia up today following the supreme court's decision last week striking down biden student loan handouts because they more they are collecting on so analyst saying the stock banking and much of the good news there for them. let's look at airbnb they are denying claims that went viral in a tweet last week this of the company's revenue fell 50% in some cities and airbnb spokesperson said the data is not consistent with our own. there b&b's first quarter earnings show 19% increased experience is booked compared to the same. in the previous year and of course, we've got to talk about tv because they are starting today. strong delivery data. review software second quarter jumped 59% while neo saw delivery sales surge in june.

>> enjoying, a beautiful car. >> i'd love to ride in one. >> hint hint. now this, one country band the barbie movie because of a picture of a map. we'll explain. as if the air travel nightmare wasn't enough, thousands of workers striking and socal. they've got a long list of demands apparently. we are on the and san diego is accused of drug crisis by giving three crack pipes to homeless people. the mayor of a nearby city says the policies are devastating the area and joins me next to talk about it. ♪

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now this, border patrol agents made a drug bust at the san diego port of entry. upon $2.5 million worth of iconic's, 90 pounds of fentanyl, concealed in porcelain sinks no less. border agents seize nearly 20000 pounds of fentanyl so far this fiscal year. the drug crisis fueling the homeless mess, perfect time to bring in bill wells, layer of el cajon california. you say san diego has been funding liver service, crack pipes, needles and fentanyl test

strips to help the homeless recover from substance abuse but is not helping or hurting the drug crisis? >> i believe it's hurting. the county of san diego racing harm reduction strategy, give people needles and crack pipes and access to the paraphernalia they need to use drugs and what they are doing is encouraging use which is what california doing is with homelessness. they encourage homelessness and this crisis -- tactic in california has been a failure from harm reduction to homelessness, everything about this is failure and i say this not only is the mayor and a doctorate in psychology. >> el cajon city council taking a look at san diego's newly approved encampment band. bill, could you adopt a similar policy? >> we were looking to see if they had anything we didn't

have. a pervasive and already, we don't allow camping on the streets at all and haven't for a couple of years and we have enough shelter beds to bypass so we legally cannot allow captains and of course they pop up every day and we spent time taking them down but we don't allow it. >> how do you fix the homeless crisis? is a problem in your area and many cities across the country, the answer, do you think? >> is a tough question but the honest answer is we have to have the political will to do it. if we say homelessness is not a viable lifestyle choice and tell people addicted by the way, as a motel professional i can tell you most people on the streets are addicted to drugs and alcohol. i know those anecdotal stories people who are not but if we are willing to address the crisis at the root cause which is drug and alcohol abuse and willing to tell people you have two choices, either get off the

streets and get into treatment are going to incarceration, we can solve the problem. ashley: you are not far from the border, eastern san diego, we know the drugs coming across the border. he must have been feeling that, how do we stop that? was the answer with that? >> we've got to address from the national perspective, address the border crisis and put in new laws that protect the border and do not allow this pervasive open border concept. obviously we are going to get a lot of people and human trafficking but there will be a lot of drug trafficking. we seem to percent rise in overdose deaths the last year end that's over 100,000. ashley: have you seen a large number of undocumented migrants coming to your city to they generally move on somewhere else past el cajon? >> we were ready for that but you are right, they've moved pastors and we not seeing undocumented migrants here.

what we do see is the county putting homeless people, a significant number of people in that kind of a problem. ashley: we have to leave it there but the mayor of el cajon, thank you for taking the time with us. now this, thousands of hotel workers in california are on strike, walked off the job. what are they asking for? >> more money, better benefits, we are talking thousands of unionized hotel workers across socal, started a strike yesterday morning impacting more than a dozen hotels across l.a. and santa monica. the union is called united here local 11 a represents 32000 hospitality workers. they want to negotiate a 5-dollar hike in wages among other benefits. the union said friday the new contract would cover workers 65 hotels. they are frustrated because they say hotels received billions of

dollars in federal bailout during the pandemic and wages have not kept up with the cost of housing inflation. they are right on that. given this holiday weekend got great timing : also huge anime expo right now, lawyers for hotels say they've offered wage increase of $2.50 for the first year, rising to $6.25 increase the next four but still no agreement yet. ashley: right during the holidays, maximum impact large percentage of californians want to leave the state but how many are we talking? >> 40%. that's according to a new california community pool. these folks are concerned about the cost of living in cali california. more than eight out of ten said they were unsatisfied with the cost of everyday expenses, six out of ten say the cost of living is a key reason they are

considering leaving california. another 56% say their dissatisfied with the cost of homes in particular and 46% say they can't pay for an unexpected expense like an emergency, they can't afford to save money, that is troubling. safety is also on their minds, one out of every two presidents say they are not satisfied with safety in their local communities. a lot of problems. ashley: that's why they are moving to texas and florida. let's look at the markets as we get to the break. right around up and down on all three major industries, the dow slightly lower. s&p slightly higher. now show me walgreens planning to close 150 stores in the u.s. and 300 in the uk. they blame emerging challenges. walgreens did not specify which locations will be closed. they expect stores to shut by may, 2024. it took three years to convince

level in the player in miami, the salary helped made the decision a little easier. the more zeros the better. youtube accused censorship for an interview with robert f kennedy regulators say he violated their vaccine misinformation policy but my next guest says trying to censor rfk is taking him or popular. ricky -- there she is. she's going to be here right after this, she's walking on the set and we will talk to ricky after the break. ♪ in. ♪ ♪ i have type 2 diabetes, ♪ ♪ but i manage it well. ♪ in jardiance, ♪

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in in

♪ midtown manhattan, looking no north, 80 degrees right now. when country and highly anticipated barbie movie from theaters. why? which country and what are they upset is about? >> this is in vietnam, the folks in vietnam will be able to see the movie there because there is

a scene in the movie that shows a map of the south china sea, watch this clip and then i will explain. >> this is the best day ever. >> it is. so was yesterday and so is tomorrow and everyday and forever. >> we are going to talk about geography now, not what the movie is like but the problem is the map shows a u-shaped nine -- line over the south china sea that illustrates china's claim over the area of the south china sea, vietnam considers it shelf, the two nations long overlapped territorial claims in the region so now barbie the movie is the latest to be banned in vietnam in 2019 the vietnam government pulled the film, downloadable and/or banned sony's action movie unchartered so adding to the list as the two countries --

that's the problem. ashley: thank you very much. treasury secretary janet yellen will travel to beijing later this week to meet with chinese officials, the trip is intended to quote deepen communication between the two countries moving forward and stabilize relationship, avoid miscommunication and expand collaboration where we can. in april yellen outlined three economic priorities for u.s. china relations in securing national grid interest, fostering mutual beneficial broke growth and cooperating on global challenges like climate change and debt distress. we will see how she does in beijing. now this, 2024 gop candidates reaction to the recent supreme court rulings over the weekend. many are going to hit the road tomorrow to campaign for the fourth of july holiday.

great to see you, chad. what are the candidates saying about the rulings? >> the gop candidates trying to distinguish themselves before the baseplate of the summer and also using recent supreme court decisions to stake out turf like the ruling last week on affirmative action. >> affirmative action was a temporary solution, designed to make sure we open doors that hadn't been opened before. we are all judged not on the color of her skin the content of our character and on this case, gpa. >> rulings large this summer, the opinion from the court that christian web designer can refuse to make websites for same-sex weddings. >> gay people have the right to marry, the same way a web designer has a right to say according to the religion they don't want to so i don't think it hurts us at all. >> former texas representative will hurt his new entrance into the gop field, concerned about what the ruling means for gay

rights. >> this was protecting a person's ability to express themselves and this decision makes me uncomfortable because we're protecting speech agree with but we have to protect the speech even if we don't like or agree with that speech. >> he's disappointed the rhetoric on gay rights from his rivals. expect democrats to use the rulings by conservatives on the court as a wedge next year that works to the democrats advantage in 2022 with abortion. ashley: did big talking points. look at this headline, read censoring rfk junior is only making his voice louder. ricky schwab wrote that and she joins us not to talk about it. is that true, the more, the more popular to become? >> absolutely and the proof is the fact that his reposted version of that same interview

on twitter got 4.5 million views, almost instantaneously to the story is the censorship itself which is classic affect you seen with the hunter biden laptop story, twitter censor that and almost became larger than the story itself and laptops contents. fans, the books stacked straight to the top of the charts so saying don't look at this makes you look at this. ashley: why was his interview, was it do with the vaccines, is that the reason? >> youtube is notoriously -- he's running this policy which more likely than not is that claim he has made in the past which is against scientific establishment but more people are going to hear it now as a result of the censorship in the first place. ashley: i want you to look at the new study that finds gen z are the most disgruntled wor workers, 55% say they are likely to quit their jobs and a new one

within the next 12 months compared to 42% of millennial's, 28% of gen x. you are gen z, right? why the angst? >> i'm not disgruntled. i'm going to be here but a few factors. one is the fact that we started our entire careers in the work from home era so we have the laptop entitlement from day one and injures an anticapitalist work culture and regeneration, as well as a general fiber if you say you feel crappy or you are down low energy, is true, there's no pushing back. ashley: anticapitalist? >> we are pretty warm to socialism i would say and i think it's almost as though it's an imposition to ask us to work which is unfortunate attitude. how can we bury burned out if we can literally just got started? ashley: next one. he spoke to asian-american

students about the supreme court's decision to end affirmative action and they told you they are getting to the first college choice of now giving a boost for what else did they tell you? >> i was a mixed picture, is going to be a more holistic analysis of applicants but also the incentive the schools put in front of kids especially students of color to talk about their race and applications so they are not necessarily directly saying we will admit you for that reason but the supreme court so, so if you can talk about it in your essays and consider that so i spoke to students of color who said it's a sad thing they feel as though the personalities are find and pressured to talk about their race as their entire candidacy. ashley: as opposed to just their ability. >> abilities and passions and that's a concern going forward in a way this discrimination against asian americans may still continue under the radar. ashley: people want to say i'm

here on my merit and that's a good thing for your own self image. >> and a large concern for students of color and i would say all and all its victory for asian students have systemically been discriminated against just to get a recruitment letter, you need to 50 additional sat points and the numbers speak for themselves. ashley: gen z probably not happy about their student debt wiped out, i'd imagine of course you want someone to pay for it. >> gen z of his little different, 1 million fewer college students right now in the beginning of the pandemic. many gen z saw what happened to millennial's with the false hope college degree isn't guaranteed to success going forward a lot of us are looking more holistically saying maybe i don't want to go to the same route. i didn't finish my degree. ashley: let's face it, you end up with a bunch of debt.

>> one third of colleges in america, the median graduate makes less than the average high school graduate so there's a system that doesn't incentivize schools to produce graduates to succeed in the real world and millennial's got screwed over and gen z will hopefully say not for me. ashley: interesting stuff. thanks for being here. the discussion. now this, be prepared to pay big bucks for your fourth of july cookout. the price of some staples are up double digits and these are the foods you need to throw a great party christ are. for professional football players suspended betting on nfl games, some may never play again not to mention they lost a ton of money. we are breaking down the numbers next. ♪

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let's look at these markets, we are getting off to a slower start but it's a shortened session, markets close at 1:00 p.m. the dow is up 40 points, nasdaq down slightly and s&p ever so slightly. now this, more details about vitals lucrative contract with inter- miami. take us through it. >> we are talking big bucks, 36-year-old soccer superstar expected to meet between 15 million and $60 million a year according to inter- miami's billing or co-owner. he's expected to earn a share of the profits earned through any

increase in merchandise sales may occur upon his arrival in the u.s. it could be a lot. similar deals with apple who will potentially offer a share of revenue generated so the mls season pass and it sits rock-bottom of the eastern conference after tough first half of the season book franchise hope of potential flory of signings could help arrest this, we are talking a lot of money. ashley: even more from saudi arabia but is something to look at. football players have been suspended for betting on nfl games last season. steve harrigan wednesday this morning. you guys lost their jobs, how much is that going to cost, a ton of money i would imagine? >> $100,000 -- $3 million for

annual salary. the past two years the players who have been suspended for gambling lost more than $25 million total in bonuses so these three, two from indianapolis, the tennessee titans, one is a free agent and it's the players lost full seasons so they will have to apply to be reinstated to play in the nfl again. it's part of tough message from the nfl on player gambling. >> a lot of these guys who generously play again and it's unfortunate because you work so hard to get to the nfl and sacrificed so much and thrown away for a few bets. >> nfl punishes players who bet on nfl games most severely betting on any sport at all from a facility can lead to suspension. the nfl for his part does have business relationships with all major online sports heading companies. ashley, back to you. ashley: thank you so much for

that. let's look at the dow 30 get a sense of where we are. more green and red, goldman sachs of the top, down the bottom johnson & johnson and microsoft but mostly on the dow 40%. blame for levin deaths in florida's panhandle the last two weeks. shortage of lifeguards adding to the danger but there's still a way to protect yourself and your family and that is next. ♪

's in in

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love that graphic. tomorrow is the fourth of july, family spending more on some holiday staples for this year's barbecue. madison all worth is in arlington, virginia. break it down for us, which items are spending people more on in which are less? >> some of our favorite items costing more. we got burgers on the grill and he's been cooking up for me all

morning, so kind. when you look at the grill, this is one that will cost more come this july 4 holiday but we've got the whole spread so let's start with delicious burgers i made. look at ground beef, up 4% in cost. family is paying 1154. then it's not just the patty, it's a whole thing. you want to save your waistline and wallet, skipped the buns because those are up 17% in cost so maybe overall more health conscious, grilled chicken. chicken wrap, down 9% in cost so interesting beef is up. input cost of the firm are up so feed, fertilizer making cows more expensive, chicken, eggs last year there were some record but the avian flu has come down to the chicken population has grown up and that's why we look at better prices. i want to switch to deserts. bold move, it's very hot today.

trying to save this, i don't know how delicious this looks but i promise vanilla bean especially in a hot day like this is good but the bad news, 30% to maybe go chocolate cookies, it's down 10% so when it comes to desert winners, go with that. we will end on a high note talking about low prices. lemonade down 16%, we can have this on national television. thank you and let's send it back to you. ashley: thank you for doing a valiant job, targeted cookies, i'm in. at least 11 people, disturbing, have died the last couple of weeks. getting caught on the recurrent in the gulf of mexico. the riptide can be devastating. a spokesperson for the lifeguard association joins us now.

wyatt, what is the biggest mistake swimmers make when they get caught in the riptide? >> happy fourth of july. it had 11 on the speech this year, one that happened right there and one right there, no lifeguards and there is a lifeguard a mile and half that way. the thing that happens is the fact that they are not in front of a lifeguard and get caught in regard. you can't panic. rip currents will not harm you, just pull you from the shore and if you don't panic and maintain for a little bit until somebody can help you. ashley: i've been told just let it take you out until you can get parallel to the beach and then come in, it's that simple but people panic and try to swim against the current and that's where they get in current and troubled.

>> absolutely. your chances of drowning in front of lifeguard, one in 18 million. there's interesting studies with parallels are not exactly, where we are here you have recurrent after recurrent after recurrent so the main thing is joe panic, just relax and it will release you and know the past when it like to go. ashley: i asked about the card shortage, it's causing hundreds of beaches to close, one grandmother in ohio has come out of retirement and took a summer to help is a lifeguard because the local pool couldn't find enough people. my question is, why doesn't anyone want to be a lifeguard anymore? >> a lot to unpack, when i became a lifeguard late 80s and 90s, we have the show called baywatch. everybody wanted to be a lifeguard and have that

lifestyle. we just don't have the interest. due to the fact that we don't have lifeguards, all kinds of creative ideas, talking about higher pay and incentives to get people out as well as putting up flotation devices on the beach because we don't have lifeguards in the areas. ashley: soleimani incentives haven't worked is what you are saying. >> i think what we need to do is revisit lifeguarding and treated like fire, police and it's a recreational fun time right now. i made a career out of it and it's rewarding and you can take a career out of it. ashley: we thank you and we just wish there were more of you. thank you for joining us this

july 3, have a safe holiday. there he is. [laughter] i think he heard me. let's get to this, monday trivia, we've been talking about this. who's the first president host of the fourth of july celebration at the white house? george washington, john adams, thomas jefferson or james madison? thinking about it? >> i think i have an answer. ashley: think about it at homelu ♪

ashley: earlier we asked who was the first president to host a fourth of july celebration at the white house. lydia? >> thomas jefferson. i know he lived in monticello but maybe before he moved there. >> john adams, i have no idea why i heard a shout out from madison and the answer is thomas jefferson, well done, not just monticello. in 1801 he opened the house to guest and held a festival with horseracing, parades and refreshments he did it big. 15 seconds, any fourth of july plans? >> fireworks. >> and hamburgers and hotdogs and you name it. enjoy, that's it for "varney & company". "coast to coast" starts no