stuart: what is that? my favorite. all right. going through a thunderstorm, it is a little cloudy, the empire state building in the middle of it all. let's get straight to the money. friday morning, end of the week and i see green, thousand one hundred 50, nasdaq up 44, s&p small gain, 9 points. big banks, some of them reported earlier this morning, some doing very well. jpmorgan, morgan stanley, they came out strong reports, citigroup had a strong report but they are down today. the strength in the big banks is helping the market. the 10 year treasury yield moving up a little, a couple basis points, still down 3.79%.

3. 80%. bitcoin, 30 one thousand $240 per coin. that's bitcoin, down a fraction today, 30 one thousand dollars, the latest read on consumer sentiment, this sometimes moves the markets. lauren: 72.6, that the highest since september of 2,020 one, we got the inflation numbers for june's cpi coming down, moving in the right direction, they are feeling better about that. stuart: what will the federal reserve do in response to that? lauren: september is in play. stuart: not much move in the market following the consumer confidence report. it's bolstering the markets. friday morning. now this. this is not a major news item of the day but it does add to

our standing of men transitioning to women and their involvement in women's sports. a biological male who transition two years ago to female is a scientist, 37 years of age could be three women. she wins. she says she's not in it for the thrill of victory. she is senate to approve biological males beat females. she's making a point. she is a christian and she says women like that with biological superiority hold no honor. nice use of that word. megan pinot sees things different, she's the captain of the soccer team next week, she has entered the trans-debate, excluding trans athletes from women's sports, she says, is disgusting. she has no problem competing with men transitioning to women.

she retires when the world cup is over. she has forgotten that in 2017 a team of 15-year-old boys beat her world championship 5 to 2. she played in that game. not to change the subject but i will make a prediction. there's an avalanche of lawsuits coming. it has already started. what happens if a youngster takes gender affirming hormones which have permanent repercussions but later decides to d transition or they go through surgery and decide that was the wrong move. this is america. lawyers will be all over it. second hour of varney just getting started. stuart: brian brandenberg with me, eager to get into this subject. a little news, moments ago, cycling's governing body announced a ban on transgender

women from competing in women's international events. men who transition after male puberty will be barred. we need a transgender on transgender men competing, what should the decision be? brian: real simple for me, biological men should compete with biological men, biological women with biological women. that's old-fashioned but my head is spinning listening to this. this is confusing, crazy and as the father of a daughter who competes in sports, she wants to compete against other girls. that feels fair to her and i think it is. as a dad i will support that all day long. stuart: biological males are superior physically to biological females. isn't that true? >> when they go through puberty. stuart: that is the way we are. >> my daughters a competitive swimmer and sometimes at that

age, she competes with boys but they don't do that older ages. the boys went through puberty, they are bigger and stronger. you when you will stay with me for the hour. keep asking you questions. senate democrats want the justice department to investigate tax credit companies in response to millions in taxpayer data given to meta. i am confused here. what do these folks want to know? larry: how companies did not know. these are tax prep companies, h and r block and others. how did they not do their homework, why did they not do their homework? higher privacy experts when installing meta and google's tools that have your personal and financial data, millions of taxpayer customers, those tools are called pixels, they are very common, they create a dossier on you, a customer, that sold to advertisers. this is common practice.

we've gotten used to that. if you ask any young person if they care about the story they say no. is the caveat. if you're taxpayer information or health data is jeopardized you probably care. the question is now what? do we cede more federal privacy laws? lawsuits could wipe some of these companies out and it is interesting senate democrats wrote this letter because i think senate democrats want you to file not through h&r block but you file with the irs so they have your data. >> that's the story. elizabeth warren, they don't want you to do your own taxes, they will do it for you because then they will decide what you pay. that the story here. lauren: they have a relationship with matter, who wants their tracking tools anyway. we went deep deeply. brian: dig beneath the surface. stuart: back to the markets please as we keep saying, friday morning, rounding out a pretty good week for the market

so far and so have green, nasdaq up 50, the dow is up one hundred 60. michael lee back with us this morning. i've asked you this so many times, i will ask you again today in view of this week's rally. are you back as a raging bull? >> don't know about a raging bull but i think this market is headed higher in the short term. new highs typically beget new highs. i think we are in a trying economic situation though it is kind of segregated to lower two thirds or 3 quarters of the economy where the rich need to get richer and there's something special going on in artificial intelligence, dick -- take a quick look at nvidia's stock. holy moly. stuart: nvidia is up again today something like 200 times future earnings.

>> of the thing is when they look at last they gave the largest revenue guidance raised in the history of the united states and the history of the world if you will. future earnings are most likely going to be materially higher than what is estimated at the moment. it's an expense of multiple but they are at the forefront of this ai trend. we will see asm l which is part of their supply chain. they can't -- earnings on the nineteenth. i'm interested to see how that works out. that will be a good earnings call. don't know if it will be as spectacular but wouldn't be surprised. stuart: two things that might be underpinning the market, solid earnings from the bank sent a strong consumer confidence report. is that putting a flaw underneath us? >> when you peel back the bank earnings, a lot of earnings results were as a result of their risk-free acquisition of first republic that was forced

by the government but underneath, they are talking declining consumer spending so i still believe there's a lot of economic weakness under the surface, we get one more rate hike from the fed, possibly two more, something's got to happen. either the economy has got to get better or the stock market has to correct. i do not see the stock market correcting materially in the next month or two unless there's some sort of event. these tech stocks are going to keep going higher. stuart: glad to hear that because i just jumped in with both feet. mike lee, thank you, good to see you. the movers, i'm interested in disney, i presume some impact from the actors strike. lauren: paramount, warner bros. they are down but disney, bob iger said yesterday they are ready slowing down production when it comes to making movies and tv series. now you have the actors on

strike. this impacts disney. stuart: how about eli lilly. lauren: obesity drug developer for $2 billion they see the obesity drug market at $100 million in 10 years time. eli lilly because they are getting into that market in a big way up 3%. stuart: eli lilly has nothing to do with ozempic but the new brand of pills and objections that work is part of the anti-business stuff. exploding. lauren: at what point does everyone feel comfortable enough to forget the diet, forget weight watchers, just take a pill once a week, once a month? brian: one hundred billion dollar market for obesity, you want a leading indicator of problems in our culture, you got it right there. stuart: good one. leslie's, they make pool products. what happened? lauren: they cut their full-year profit forecasts and ac same-store sales declining 12%. people spending less money on

their own pool and with the professional segments like the community pool for instance. we have no money left at the end of the day, we put in pools during covid so we are good. a pool is a money pit. stuart: you got that from me. i think this one is for you too. the new york jets are going to be featured on a season of hbo's hard knocks. not all players are happy. >> aaron rodgers felt forced to do it. this is, do you know what hard knocks is? it's when the nhl and hbo film training camp, nfl, they film the training camp and have so much criteria, only four teams were eligible and the jets got it. you don't worry about this. brian: i never watched the show but i cannot imagine how it would be in camp or in the season, cameras constantly in

your practices. it creates unnecessary drama. i would hate this as a player. i get aaron rodgers. stuart: it is like cameras in the courtroom. you increase the drama. brian: having a camera on you during breaks in the show and capturing everything. how would you like that? stuart: all right. keep away from us. thank you, brian. a super pac supporting francis suarez is offering donors the chance to win free college tuition. we have details in our next our. the governor of texas taking matters into his own hand installing a floating border barrier in the rio grande, meant to stop illegals from making the potentially deadly swim. we will tell you about it. florida congressman carlos jimenez shows a stream of migrants in panama organized by the cartels making their way to america. he says they are coming to the united states because our doors

open and yes it is. congressman jimenez next. ♪ this is spring semester at fairfield-suisun unified. they switched to google tools for education because there's never been a reported ransomware attack on a chromebook. now they're focused on learning knowing that their data is secure. ( ♪ )

bridgett is here. she has no clue that i'm here. she has no clue who's in the helmet. are you ready? -i'm ready!

alright. xfinity rewards creates experiences big and small, municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least $10,000 to invest, call and talk with one of our bond specialists at 1-800-217-3217. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income...

are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. stuart: look at that is, without an is up one hundred 78 points, nasdaq showing a gain of 88 points. unitedhealth straight up this morning, now up 7%. unitedhealth is a dow stock and it adds 200 points to the dow industrial average. unite -- without unitedhealth the dow would be in negative territory. homeland security ramping up efforts to stop fentanyl at the border or at least try to. what does this have to do with cryptos?

ashley: dhs says it is using forensic accounting to trace crypto currency used by mexican cartels to purchase chemicals. those chemicals largely produced in china and shipped to mexico where the cartels manufacture the drug and bring it across the us border to sell. it has been going on for some time, fentanyl is the number one killer of americans aged 18 to 45, the cdc says it claims the lives of 70,000 americans each year. the first two months of dhs's stepped up campaign to battle fentanyl, 10,000 pounds of the drug have been seized by border patrol and homeland security, 284 people have been arrested but families of victims of this drug say it's too little too late but they are trying to do something. stuart: thanks very much. is this the way to go? brian: you don't get anywhere if you don't deal with china.

we get nothing out of this administration with china on fentanyl. i'm confused by this story because crypto currency is supposed to be the anonymity factors so you can't be traced. i'm wondering how this forensic accounting and traces it and if that is actually true, what effect does that have on how people think about crypto currency? stuart: good point because you always think of it as absolute privacy. they can track it and they can track it. thank you. take a look at this project caravan of a thousand migrants assembling into moving through panama heading for america. carlos jimenez joins me now. you went to panama. you saw it for yourself which are the cartels organizing this? >> reporter: there have to be some cartels organizing it, different cartels in different areas. there's a cartel in colombia that is helping.

these are mostly venezuelans going to colombia. take two or three days to get from venezuela through colombia and released in the jungles of panama and they end up in these villages in the jungles of panama. 1500 to 2000 migrants are showing up at this village every day, the panamanian government takes it from there to a center where they feed them, close them etc. and take them to the border with coaster rica and release them and do this, you're on your way out off you go. i spoke to them, i speak spanish, they were pretty frank with me about what they are doing, coming from venezuela through colombia but on their way to the united states and going to places like chicago, minnesota, texas, everywhere in the united states because they have friends, family, they know the borders open. of the one did any of them tell you how much they paid the cartels to travel north?

>> they paid this cartel in colombia $500 each, each person, to get them released in the jungles of panama, they did tell me as we go, we pay more of these mules to take us around and i asked how much does it cost to cross the border, you've got to pay the mexican cartels to cross the border and it is north of $1000 each to cross the border. stuart: texas -- >> reporter: cartels are making $1 billion a month on human trafficking. just as good as drugs. stuart: no tax on that. that's tax-free guaranteed income. >> reporter: unless they get paid in bitcoin, then we can trace it i guess. stuart: good one. texas is installing a one thousand foot floating border wall down the rio grande valley, they are trying to stop migrants from making what may be a deadly swim across the river.

texas democrats say the barrier is dangerous and a bad use of taxpayer money. what do you say to that? >> i think the governor is doing what he can to stop the flow. a lot of these migrants are going to stay in texas. a lot of and told me they are staying in texas. texas is doing what it can to protect itself because the federal government doesn't do it. if we just did our job, we wouldn't have to put that barrier but texas is doing what it needs to do to protect itself. stuart: you are still trump guy? >> i am. stuart: all away? no question? >> i am no question. stuart: not desantis had not mayor suarez? >> definitely not. i am not a suarez guy. he is desperate, paying people to give him a dollar to get on the debate stage. it is ludicrous. it's pretty sad actually.

he is giving away tickets to meet messy. if you give him a dollar, he will give you a chance to meet messy in miami, give him a dollar he will pay for your college tuition. that's a sign of desperation. i'm not a francis suarez guy. stuart: i knew that. i did know that. just winding you up a little. sorry about that. wonderful stuff, thanks for being with us. >> my pleasure like always. a ceo faces backlash for firing 90% of his company's support staff to replacing them with a ichat boughts. we have the story. more than a dozen attorneys general are going after the country's largest companies warning them don't use race-based preferences in hiring practice. west virginia's attorney general is one of those in gs. he joins us next. ♪

♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪

with gold and copper prices pushing towards all-time highs, u.s. gold corp is advancing its environmentally friendly gold and copper mining project and creating american jobs in mining friendly wyoming. with a proven management team and board, a tight share structure, and a solid cash balance, u.s. gold's portfolio of world-class assets are creating american growth and homegrown strategic metals as the us moves towards an electrified future. u.s. gold corp. stuart: we've got green on the screen, 100 t7 points up for the dow industrials and the nasdaq up 76 points.

that's what going on overall in the market to this morning. there are movies. i want to start with at&t, down sharply. lauren: the lowest level since march of 2,003, 20 years, got punch from jpmorgan, coming to neutral concerns on competition and the wall street journal, toxic load cables underwater and on polls. at&t might be in some trouble. stuart: corning, they make display glass tv screens, that kind of stuff. >> a slow recovery in consumer demand, maybe we are pulling back on spending and electronics. stuart: netflix is going the other way, new high. >> it earlier had a new high, credit suisse's those hollywood actors strike will accelerate the shift to streaming and raise their price target on netflix to 370, less than what it is now. if you look at disney, warner

bros. even fox, they are all down and down sharply today because of the writer strike and the actors strike happening simultaneously for the first time in 60 years. stuart: thank you. now this. six months ago, i bought my first pair of boots. i really like them. now, we take you to texas, to show you some real boots. grady trimble is at texas traditions, famous boot shop in austin, texas. what is so special about this place? i want to know the price they are charging. i paid a couple hundred dollars for my boots. what have you got there? >> reporter: will have to pick your job from the floor, the starting price for a pair of boots here is $3,500 but they can go up to $10,000 depending on the intricacies of the boot, but when you want to know what makes this place so special, look at the types of people who have gotten their boots

handmade, custom-made at texas traditions, these belong to lyle lovett as you can see, maybe we can get some custom "varney and company" boots if you're willing to fork over the money and look up here, they call these lasts, custom measurements of people's feet and it's how they make the boots, these are for arnold palmer, daryl hall, tommy lee junes, willie nelson had some boots made here. the mastermind behind these boots, they've been called the ferrari of cowboy boots is we miller. we've seen an uptick i guess you could say, boots are fashionable again. stewart bought a pair, he's in style. what have you seen lately in terms of business? >> everyone wears suits now, the weight has been in texas for years. people like something that is traditionally american.

cowboy boots are american so people appreciate the craft and they want something they just can't get in the store. >> i want to show some numbers, a recent gallup poll found 65% of americans have confidence or faith in small businesses, way higher than their confidence and bigger business. from your experience working directly with customers why do you think that is. >> they appreciate dealing directly with whoever it is that will be doing it so there's not a lot of layers of people they've got to go through. the trust factor. they can see the work, they know what they are getting. the honest connection between the person doing the work and the customer who is getting the work done. >> reporter: if you decide you want a pair of these boots you have to wait five years. that's how long the backlog is for custom pair of lee miller's boots.

stuart: at my age you have to wonder if you have 5 years left. sorry, but you do, you just do. >> i hope you are around for at least 5 more years. stuart: lahren is talking. what have you got? ashley: don't like when you do this. it makes me sad. i laugh at you with a tear in my eye. brian: don't purchase those boots. ashley: it's the way men relate. stuart: i've got to transition to something that is really serious. listen to this. a group of republican attorneys general issued a letter to some of the nation's largest companies warning them don't use race-based preferences in hiring and promotions. the attorney general of the state of west virginia joins me now. do you want to wipe out and end affirmative-action completely?

>> i think race-based quotas are despicable and the court sent a clear message that they shouldn't be used for college admissions and i also think that applies to all of the employers across the country. if you are going to go after discrimination, you need to be blind to how you treat people from her race-based perspective. we wanted to send that message to everyone because that is the protection afforded under the constitution, afforded under civil rights laws. stuart: how do you actually do it? i can see how you can get rid of affirmative-action if it is a political policy and government department or something like that, get rid of it there but in private enterprise how do you stop private enterprise from race-based preferences? >> >> people stopped to look at the civil rights laws which make it clearer you can't discriminate on the basis of a number of key factors, cantors, and it on the basis of

religion, can discover and it on the basis of age, can't just terminate on the base of race. we are seeing and evolution of the court cases suggesting that that title, the civil rights law, is going to be applied as broadly as the equal protection clause which means can 't companies need to pay close attention and not use race quotas as well. stuart: i can see a slew of lawsuits coming, can you? >> i don't think it has to be that way. i think people need to look at, we can understand why people are trying to make amends, lift people up but i think if the focus is on helping people who are less fortunate, people who are -- a difficult upbringing, that a different situation than focusing on race and that's part of the message we are trying to send. this is not targeting people. everyone who's less fortunate should be left up but it shouldn't be done on the basis of race.

windows it end? focus on race goes on forever and has been going on a long time. stuart: the attorney general of west virginia, thank you for joining us, appreciate it. thank you. one company in indio that fired 90% of its support staff. i think i know why they did but tell me about the repercussions. >> the ai chat bots are faster, the ceo is 30 one and put numbers on it, he said the chat bot responded instantly to customers and resolved issues in three minutes and 12 seconds, took a human being two hours in 13 minutes. that sounds great, right. machine wins for speed but what about quality, did you get in touch with those customers? are they satisfied by the response they got from the chat bot? this is a misguided ceo, a cold ceo who doesn't realize customers want to talk to a human being and not a chat bot

or computer, they want to get what they want. his company might be suffering in the startup world and need to save money because it's not pulling in money. stuart: you should do that as a "my take". a strong opinion right there. >> i had this to a. if you can get rid of 90% of your staff, it's probably the case that ai can do the core part of your business within a year or 2 anyway. can ai do everything the company does. does ai put the company out of business? they make digital storefronts, a i can do that. this guys not going to lay off 90% of his people, he will probably be out of a company soon because ai will be able to do that directly for customers. >> use that as a motivating worker — we saw that ai does this, so you need to up your game. not we are laying you off. stuart: a little tough this morning. can you wrap up the big banks? they reported, some of them

reported earlier this morning an effect on the market. lauren: the common theme is the credit loss provisions, how much banks are expected to write off due to rising balances, huge jumps compared to last year, wells fargo up 295%, the big paying point's office buildings, jpmorgan setting aside $400 million to cover potentially sour commercial real estate loans, wells fargo even worse, they put the numbers together, commercial real estate and higher credit card balances, setting aside nearly $1 billion. there are worries out there. jpmorgan also noted their acquisition of first republic which boosted their profits 70%, also their credit losses. it establishes $600 million reserve just for the bank's portfolio. bank of america, morgan stanley. we when i thought the banks were solid but you dug into them, these loan loss provisions especially

commercial real estate, that's virtually -- it does not go down. next case, we have hunter biden's lawyer reportedly sent a cease-and-desist letter to donald trump over trump's social media posts. claims trump's rhetoric could, quote, lead to hunter's injury. we are on it. twitter is asking federal court to end the ftc's incessant oversight of the company's data practices. congressman jim jordan says the agency has been harassing twitter since elon musk took over. edward lawrence has that story, edward is next. ♪

i was told my small business wouldn't qualify for an erc tax refund. you should get a second opinion from innovation refunds at no upfront cost. sometimes you need a second opinion. [coughs] good to go. yeah, i think i'll get a second opinion. all these walls gotta go! ah ah ah! i'd love a second opinion. no. i'm going to get a second opinion. with innovation refunds, there's no upfront cost to find out. so why not check like i did for my small business? take the first step to see if your small business qualifies for the erc. with dexcom g7, the most accurate cgm, you can achieve diabetes results without fingersticks. see how exercise affects your glucose, making it easier to spend time in range and lower your a1c. ♪ ♪ ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life

insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. do you shop for vitamins at walmart? force factor products powerfully improve your health, but they're also delicious, easy to use, and affordable. that's why force factor is now the number one best selling herbs and supplements brand at walmart. unleash your potential with force factor at walmart.

i'll always take care of you. ♪ i'm gonna hold you forever... ♪

♪ ♪ ♪ be by your side... ♪ ♪ i'll be there... ♪

stuart: the ftc launched an investigation into chat gpt. what exactly are they looking for? ashley: we talk about this every day. the ftc investigating whether open ai's chat gpt program has harmed people by publishing false information about them the family them. the agency says it is focusing on whether open ai has, quote, engaged in unfair or deceptive practices related to risks of harm to consumers including reputational harm. ftc chair lena can't says the agency is concerned chat gpt and other ai driven apps have no checks on the data that they combine. critics say the ftc doesn't have any jurisdiction here claiming it has more to do with speech and regulating, that, they say is beyond the agency's authority, open ai says it will work with the ftc but as we go

deeper into artificial intelligence, more and more of these discussions going to be had. stuart: who actually writes it? chat gpt comes up with something nasty, the person who fed the information in or the chat bot? i don't know the answer to that. thanks very much. congressman jim jordan says the ftc's leader has been harassing twitter since elon musk took over. she testified on capitol hill yesterday. take us through the highlights. >> reporter: it seems elon musk had enough of the federal government. he is going on the offensive filing omission in federal court to modify or end at 2011 agreement over user privacy on the site. musk's lawyer sent twitter contender to the ftc review this underway and the agreement has spiraled out of control and become tainted by bias, the motion filed as the house judiciary chairman jim jordan

pressed ahead with the ftc about twitter. >> 350 separate requests demanded of twitter, seems like an obsession. why such intense focus? >> it was found the twitter's lacks privacy policies allow unauthorized users to co-opt twitter accounts including that of the fox news, subsequently twitter voluntarily entered into a consent order with the ftc. >> reporter: might be hard to defend some of those. in the time that musk took over twitter the ftc, led by lena con, has issued 16 demand letters for various things. in the previous decade the ftc issued a total of 28, never in this volume in this amount of time. the ftc's overreach culminated in a demand to depose mr. musk, has not and never been a party to the consent order. since elon musk has butted heads with the biden

administration over free-speech and buddies, also facing regulatory scrutiny at tesla. stuart: thank you, professor brian brandenberg is still here, the attempt to crack down on big tech basically failing. brian: lena con is on a mission to go after anything happening in this economy but 22 times in a decade twitter. a demand letter from the ftc. musk got 16 in less than a year. you tell me there's not an agenda against elon musk? stuart: tells the story. evaluation of elon musk's space x sword after a sale of shares by existing investors. some people can invest privately with space x at not tesla. how much are we talking about here? ashley: close to one hundred $50 billion, reports a space x

has an agreement with new and existing investors to sell up to $750 million in stock from insiders, $81 a share. the company established a near monopoly on the us satellite market, space x has sent up nearly 5000 of its starling internet satellites to date. and incredible average of a launch every four days, the service has 1.5 million subscribers in three years since its debut and is expected to start making a profit this year. space x is one of the most valuable private companies in the world. it is classified as a center corn or one billion-dollar unicorn 100 times over. stuart: very good. now this. smoky skies returned to the us this weekend.

wildfires continue to burn in canada. we will tell you what you need to know about this. ♪ ♪ at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence. with a majority of my patience with sensitivity, i see irritated gums and weak enamel. sensodyne sensitivity gum & enamel relieves sensitivity, helps restore gum health, and rehardens enamel. i'm a big advocate of recommending things that i know work.

we moved out of the city so our little sophie could appreciate nature. but then he got us t-mobile home internet. i was just trying to improve our signal, so some of the trees had to go. i might've taken it a step too far. (chainsaw revs) (tree crashes) (chainsaw continues) (daughter screams) let's pretend for a second that you didn't let down your entire family. what would that reality look like? well i guess i would've gotten us xfinity... and we'd have a better view. do you need mulch? municipal bonds don't usuallyve get the media coveragemulch. the stock market does.

in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least $10,000 to invest, call and talk with one of our bond specialists at 1-800-217-3217. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217.

stuart: still hanging onto a modest gain, dow up 70 points, nasdaq up 21. look at this. nvidia and microsoft on pace to close at record highs. microsoft a fraction away from $350 a share. nvidia powering up, 3% gain. 475. smoky skies expected to return to america this weekend. wildfires in canada. when does this smoke arrive and where is it going to hit? ashley: it will start this coming weekend. air quality alerts being issued for communities in the upper midwest. hundreds of wildfires burn in canada. weather conditions pushes that

smoke south again over the next several days toward montana, the dakotas, minnesota, as far south as nebraska and iowa. the northeast, new york, northeastern region will not see the smoke at least for now. looking at the canadian fires, the beautiful ski resort in montana already looking a little smoky there. 34,000, 3400 fires burning across canada, 22 million acres already destroyed, it is declared the country's worst fire season on record. the smoke is coming back again. stuart: democrats in california's state assembly refused to make child trafficking a serious felony. jones gallagher, republican leader of california's assembly joins me now. the bill would have sent human

traffickers to prison for life. obvious question, why didn't it pass? >> this is a bill that is good policy, that we need to go after these monsters trafficking children. we have the highest rates of human trafficking in california. shannon grove proposed this bill. 's stuart: on what grounds should the safety commission reject this kind of deal? >> no no penalties for crime, locking up too many people. these are people trafficking, no justifiable reason but there's good news on this story, based on the pressure we

brought, pressure was brought by the public. the bill did pass and moving forward because of that public pressure. stuart: that's the good news in this. thanks for being with us. we always put california republicans on this show when we can find them. i want to say thanks to brian for joining us for the hour. be sure to watch your show which is called "the big money show" weekdays at one:00 p.m. eastern on fox business. to lead, the democrats are not happy with president biden as their candidate and are trying to figure out how to replace him and vice president kamala harris too. that is "my take" and it is going to be next. ♪

>> we've been off to the races for the last month. just gone absolutely bonkers. it feels good and i think we're kind of in the new