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david: that's a nice song, i hike that one. what is it? pressure -- wow, billy joel. i think it's a song i hadn't heard. good morning, everyone, i'm david asman in for stuart varney. any moment now hunter biden's former business associate, devon archer, will testify on capitol hill in a closed door can meeting. he is expected to reveal joe biden's alleged involvement -- joe biden's, that is -- in multiple phone calls regarding foreign business deals when he was vice president. we're following this very closely, and we'll give you updates as they come in. but first, let's get straight to your money how it's doing. as i've said is before today, the markets are kind of teetering in positive and negative but just barely so. there's a lot of hesitation waiting for those financial figures to come in. over 100 companies are going to be reporting this week including amazon, apple, caterpillar, a lot of key key companies. so investors are kind of playing it safe, not moving their

accounts around too much. meanwhile, the 10-year treasury is down a tick, it's still trading up towards 4%. it's down just 1.2 basis points to 3.94%. and a look at oil. this is causing some consternation among people who are wondering whether it had finally pulled back and, therefore, we could sigh easy about inflation. well, in fact, not yet because oil is now trading well over $81 for a barrel. it's about $81.50, 81.40 right now. bitcoin, if we can switch to that, that's trading up about $21, $29,322 for a bitcoin coyn. now this, nikki haley suggesting that senate minority leader mcconnell can walk away following last week's freezing up. roll today. >> we need to have term limits in congress, and we need to have mental competency tests for anyone over the age of 75. and i don't say that to be

disrespectful. when you go and you look at bide and you -- biden and you ask him what country he was in the week before and he can't say it, how many grandchildren he has and he doesn't know, you see him falling asleep with leaders, that's concerning. and and i know when i was at the united nations, leaders watch the health status of other leaders. they are watching biden right now. david: a lot of concern about dianne feinstein, as she mentioned biden as well. guy benson joining us now. so, guy, she wants a mental competency test. what do you think can about that idea in. >> well, i think most americans, david, would probably support that. i wonder if there might be some legal issues around something or some suggestion like that. the constitution does have minimum age requirements for certain, for really all federal offices, house, senate and presidency. so it's not unfathomable that you might try to put some age restrictions or at least some conditions toward the other end of life. but i think you look at the

images and the videotapes and you've been talking about them whether it's senator mcconnell or senator feinstein or the president of the united states, these are all people 80 plus. i aspire to be 80 plus one day -- [laughter] i hope that i'm in decent shape like they all are. but that's not the same as running the most powerful nation on everett, and these are not -- earth, and these are not disrespectful things to at least tawrks to nikki haley's point. david: and really the question what donald trump used to call the swamp, inside the beltway as "the wall street journal" editorial page, we all want to -- we don't want people to become too comfortable be professional politicians. that wasn't the original intention of our founding fathers, and i don't think it should be now, do you? >> well, we have term limits for the presidency, we don't have it for congress. that would likely take constitutional action, an amendment, and there are the a lot of people who are very much in favor of that. the counterpoint is you develop skills and experience over time, and and if you agree with the person's outlook, then that can be valuable.

but, you know, i saw an interview with ron desantis the other day who pointed out joe biden had been elected to the senate before desantis the was born with. that is an awfully long time to spend in washington d.c. [laughter] david: it certainly is. i want to give you another one here, guy. ron desantis getting criticized for florida's slavery curriculum from fellow republicans now. i asked congressman byron donalds, he's a republican who has some problems with desantis -- or with the florida curriculum. here's what he last week. roll tape. >> i've been very clear that the standards are robust, they are accurate, they are good. students in florida will learn black history. but my issue is with one sentence of the entire thing. i'm one of the members up here fighting hard against this radical agenda from the biden-harris administration. so my stance and where i am politically very, very clear. but if i have an issue with one sentence, i'm allowed to have that. the fact that they made this a story is dumb, in my view.

david: so one sentence out of thousands of sentences in this curriculum dealing with slavery in america, you don't say what kamala harris has said because -- or described the whole thing based on one sentence, do you? >> right, a gross mischaracterization by the vice president, i think intentionally on the left. they're trying to make it seem like this is basically the only thing that the state of florida is teaching, 1 sentence out of 216 pages. and the people who designed that curriculum including well respected black scholars who said this is accurate, and they can point to many other textbooks and historical writings that back up the accuracy of that one sentence. i'm fine having a discussion around this word that you use or is that the word that you use, but i don't think it's helpful for republicans to be piling on a false narrative from the left. and there have been other members of congress, republicans, saying desantis florida called it a net benefit to e slaves which is crazy. that's an invent out of whole cloth attack.

i'm not really sure what some of these gop members are doing. i hope they'll reconsider. david: i agree with you. look, after all, the curriculum was written by african-american scholars. again, it's -- i've seen this from the left before. when they tart blaming african-american scholars for being racist and white supremacists, you know, i think we've got things kind of screwed up. we've got to leave it at that, guy. thank you very much. appreciate it. >> thank you, david. david: staying on the 2024 election, new delegate selection rules may help trump in the primary season. explain this to one to me. rah. lauren: the latest is in the state of florida. their presidential primary is super tuesday, right, march the 5th. ahead of that, the state's republican committee voted to give a candidate with 50 or more percent of the votes all of the delegates. and if no one gets 50, they divide them. david: wow. lauren: the old system, you got districts per -- votes per districts won. that allowed candidates because california's so big and expensive to run a campaign

because of how much an ad costs, it allowed them to share and win by -- put money into certain districts. so this changes is being considered beneficial to trump because he's the household name, right? michigan also just changed its rules and idaho, nevada, louisiana and colorado might next. david: new rules, lauren, as they say. thank you very much. check the markets. luke lloyd is joining me now. hi, luke. we've got the rest of the big tech companies reporting this week. apple and am, both are coming -- amazon, both are coming out on thursday. what are you watching for? >> of the big tech names are trading like growth stocks and, frankly, they aren't necessarily delivering like growth stocks. take a look at microsoft last week. i mean, their azure cloud services came in pretty weak. we expect something similar with aws and amazon this week. apple, frankly, i don't know who's itching to buy the new iphone, and the innovation's something along the lines of new folding iphones. i wouldn't pay an extra $1,000

just so my phone could fold. we're going back really to the early 2000s when it comes to this innovation cycle. we think you've got to get unique, pick up some names that are more defensive. one stock we just picked up that just sold off last week is edward life sciences, ticker ew. i don't know about you, david, but i love my meat, steak, sausage, bacon. the stock dropped 10% last week on decent earnings and, obviously, more defensive in nature. david: i usually have at least one good steak a week, at least one. sometimes i cheat and have two. >> a juicy ribeye. david: let's get back to tech and a.i. which is making such a big difference or particularly in these new tech companies that focus on a.i. and even some old ones that got into it. you say it can't be regulated. i'm inclined to agree with you but make your case. >> yeah. so all we've been hearing about really the past four months is a.i., a.i., a.i. what isn't talked about is the national security threat that

comes with technology and what will come with a.i. down the road. we essentially are in an economic cold war right now with china. we rely on them the, they rely on us, right? what happens when we're in technological warfare, right in we're already hearing about hacking and technology and cybersecurity with china. what happens when their a.i. goes against our a.i.? that's why it can't be regulated. the free market, captain capitalism, is best at developing technology, not the government. it's scary, the path we're on, either way. if we don't advance our technology, we could let somebody else advance faster than us. that's why it can't be regulated. david: luke lloyd, great to see you. thank you very much for that, appreciate it. >> you too, david. david: lauren, you're looking at some to movers, start with hasbro. lauren: up 4 percent. bank of america upgraded them to buy. they were just released in june, the lord of the rings magic cars. they're a big hit, and they say it's going to boost earnings when they report along with apple and and amazon on thursday. david: i've got to know about

those cards for my grandson, i'm sure he's going to get into that. johnson and johnson. rah. lauren: stock is down almost 4 if %. their second attempt to resolve tens of thousands of lawsuits based on their talc powder dismissed by a bankruptcy judge isment they've been trying to settle about a $9 billion deal that would also prevent new lawsuits. they tried to get it all under one umbrella to prerent new lawsuits, and the judge turned that down. david: ouch. sweet green. lauren: piper sandler upgraded to overweight. stock's up 12%. they see shares going up 35% because of margin improvement. sweet green is opening this new infinite if kitchen, completely robotic. if they can do that in more of their sweet green restaurants, that helps to save money. david: the next one is a sad one. trucking giant yellow says it's shutting down operations altogether. what happened, lauren, and who does this affect? lauren: the who is 30,000

workers, most of them teamsters, union workers. yellow took on more debt than it could handle, so now it faces an impending bankruptcy. they've been around almost a hundred years. some of their big customers were walmart and home depot, but they delivered for a lot of people. they actually got a covid lifeline, and now the government owns 30% of their shares. it's a penny stock, and treasury's owed more than $700 billion -- david: oh. it's going to be hard or to get that back. taxpayers are going to have to take a dive on that one. well, ron desantis expected to release his economic plan as as a majority of voters say it is their top issue by far. heavily focused on decoupling from china and tackling inflation. steve forbes takes that on in our 11:00 hour. and very soon hunter biden's former business partner is expected to testify on capitol hill in a closed door meeting. devon archer, there he is, is expected to be asked about president biden's involvement in his son's business meetings over

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david: checking the markets, and again i've been saying all morninginging long it looks like they're kind of on hold. we're getting over a hundred financial reports week from corporations including amazon, apple, caterpillar. all the biggies are coming in this week, so stocks are slightly up. all the indexes are slightly up. a couple of them were slightly down moments ago, but it'll be that way throughout the day. a meanwhile, hunter biden's former business partner, devon archer, is expected to testify in a closed door meeting. chad pergram is following it on capitol hill.

he hasn't even arrived yet, right? >> reporter: that's right, david. he was supposed to get here at 10:00 is, we're told he's running a few minutes behind. we're standing at to o'neill house office building where some of the committees do their work and where they're going to have this transcribed interviewed today. he will not be under oath. we're told that they're going to review some new, previously undisclosed bank records that the bidens apparently had dealing with kazahkstan, ukraine and russia. devon archer, according to republicans, is kind of the lunch pin to this investigation. -- linchpin to this investigation. they want to know what types of meetings and conversations that president biden and hunter biden had with devon archer. listen. >> we know that devon archer has met and communicated many, many times with joe biden about burisma and other things. we have other bank statements that we've obtained that we have questions about pertaining to countries that we believe archer may have knowledge of. >> reporter: fox has obtained

2018 text messages between hunter biden and devon archer. in one text hunter or e refers to the justice department as, quote, mother-blankers. he also tells archer they will, quote, have the last laugh. republicans are cautious about the interview. >> we should get information to corroborate documents we've seen whether it's suspicious activity reports, bank records, etc., but also whether or not the big question is, the million dollar question is whether or not joe biden was in the room by phone or in person and any of his involvement in any of these deals that we're seeing. >> reporter: now, something curious unfolded over the weekend. back in 2022 a court convicted archer of bilking a native american tribe out of millions of dollars, but the u.s. attorney wrote to the judge on saturday to schedule a date for archer to report to prison. republicans wonder if this was an effort to intimidate archer. democrats defend the president.

>> now to this witness, we're all waiting for any pin, whether it be a linchpin or other pin, to figure out how this is connected at all to president biden. >> reporter: now, as i said, devon archer is late for this closed door, transcribed interview. he will not be under oath in this conversation today. there's only a couple of members here, dan goldman, jim jordan, republican from ohio and also as we speak here comes devon archer. let's just go over here and see if we can get a word. mr. archer, what do you intend to tell the committee today? do you have anything to say? did you have meetings with the bidens, or can you elaborate on -- >> did anyone tell you not to appeared today, sir? >> reporter: so, obviously, mum is the word from devon archer there. but, again, this meeting is going to starting, going to last for about four hours total. republicans will start with the interview is, they'll go for an

hour then over to the democrats, back to the republicans and then go to the democrat accurates. we expect a transcription of this interview to appear later this week, perhaps in three or four days. david: chad, good for you. you got all the questions in. [laughter] the problem is he had that million -- >> reporter: but money of the answers. -- none of the answers. [laughter] david: he clearly was not talking. good work, chad, thank you very much. the justice department is denying calling for deafen can archer to be jailed ahead of today's. is testimony. house oversight chair james comer saying it's more proof the doj has been weaponized. roll tape. >> the letter from the department of justice is trying to nudge the judge to and sentence devon archer for something unrelated to what we're going to be talking to him about tomorrow. it's odd that it was issued on a saturday, and it's odd that it's right before he's scheduled to come in to have an opportunity to speak in front of the house oversight committee and tell the american people the truth about

what really went on with burisma. so, you know, i don't know if this is the a coincidence, maria, or this is another example of the weaponization of the department of justice. david: congressman bryan steil joins us now, republican from wisconsin. congressman, what was the doj up to over the weekend? were they actually trying to obstruct justice, preventing archer from speaking before the committee? >> i haven't seen evidence of that, but the good news is he clearly just walked through the door moments ago, and we're going to have a transcribed interview with him to get to the facts. i think the american people deserve to know the answers to the questions he's about to be asked. i don't know the facts about the d to oj's timing of their moves, but the good news is he's in, he's going to have a transcribed interview, and we're going to get to the bottom of this for the american people. day david what's the one question you want him to answer? >> i think the key question here is how involved was the president of the united states directly? we clearly know the president's son was up to a whole host of very suspect business dealings.

i think the question at the bottom of this is, is there a direct connection to the president of the united states. david: well, as you well know, speaker mccarthy is saying he may consider impeachment inquiry in the near term. is there enough evidence now or do we need not only archer's testimony, but also evidence to back that up? >> i think an impeachment inquiry is needed if we don't get the compliance we need with witnesses across the board. right now we have jim comer and jim jordan leading the charge on oversight and judiciary working to get the answers for the american people. right now we're making progress in that regard. i'd like to see us continue down that path. what we want to do is allow justice to follow the facts, not jump the shark like we saw the democrats do. david: i asked this to one of your colleagues earlier in the show, but whether or not -- we've got all these points, points of reference whether it's from hunter biden's laptop or individual testimony or the whistleblowers, are there enough

connectors to those dots to put joe biden and hunter biden together in business dealings? >> well, that's why a transcribed interview like mr. archer's providing today is so absolutely essential. what we can't do is just jump to where people's hearts are. what we have to do is actually get the facts, then allow justice to follow the facts. this transcribed interview from mr. archer today, i think, is an essential piece to the puzzle, and jim jordan and james comer are going to continue to get the facts for the american people. david: and finally, you know, we're coming up to another election that is being clouded by another whole series of legal issues. we had that in 2016, 2020, etc., but never anything like this where both of the top candidates have indictments sort of hanging over their heads, potential indictments in the case of joe biden or actual indictments in the case of donald trump. so what do you make of this, and what do you think voters are going to make of it? >> well, i can tell you when i'm back home and i was in kenosha

yesterday talking to folks who are so darn frustrated that that they can't afford the things that their family needs. they're suffering under bidenomics, the the inflation that biden has brought across all families. they're frustrated what's being taught in their schools, and they're looking at how the news media covers what's going on. they're a little bit frustrate with washington across the board. i'd love to see us shift this conversation about how we're actually going to solve the problems that the american people are suffering with, in particular the disastrous economic policies of the biden administration. we have to ultimately be able to walk and chew gum. we have to do that at the same time we have to get answers to the american people as it relates to the business dealings of the president's family. david: right, right. but the number one issue is still the economy. kitchen table issues, that's what's driving americans right now. congressman, thank you. very interesting interview, i appreciate it. now this: newly-released facebook file showing the biden administration pressured facebook to remove posts about the origins of covid and vaccine side effects. hillary vaughn has the latest on the big tech censorship.

and covid hospitalizations are on the rise. is this beginning of a late summer wave? and what about the new tic do diseases? dr. marc siegel has all of that here for you next. ♪ doctor, doctor, can't you see i'm burning, burning? ♪ from big cities, to small towns, and on main streets across the us, you'll find pnc bank. helping businesses both large and small, communities and the people who live and work there grow and thrive. we're proud to call these places home too. they're where we put down roots,

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or retirement... in advance. david: checking the markets, they're all in the green right now but none spectacularly so. it's kind of a wait and see moment, waiting until all those financials to come in. but there are certain market movers that are very interesting, right, lauren? lauren: like amc. best week ever for their admissions revenue, and you know why? barren heymer. -- barbenheimer,. david: oh, to of course. let's put 'em together. lauren: people were buying a doubleheader, going to the movies for five and a half hours to see both. amc said admissions revenue was considerably more than double the same weekend last year. david: well, they'd have to pay me to see barbie with. and i still probably -- lauren: mid dad almost took my daughter the other i day, but they didn't go.

david: you've got a good dad. xpeng? lauren: the stock is down 12%. they love the the collab that xpeng has with volkswagen, they say it's already priced in, and they're worried about the timing because the ev market is so competitive. xpeng is making two cars for vw, but it's going to that take a minimum of tree years to actually execute that, and three years is an eternal i think in a competitive market. david: 12.5% is not a good place to be right now. good rx -- lauren: they got an upgrade to buy -- david: ooh, 28%. lauren: they say its pharmacy benefit management partnerships like with v -- cs/s s caremark, this is a new revenue stream. david: good for them. congressman jim jordan releasing a a second batch of the facebook files, this time about how the biden administration pressured facebook to remove posts about the origins of covid. hillary vaughn joining me now on this.

hillary, how is the white house responding to these revelations, if at all? >> reporter: they're not directly addressing them, david, but they are acknowledging that they do try to cooperate and engage with all social media companies to try to promote things that promote if public health. and that's kind of their line on this. but this bombshell came from the subpoenaed documents that meta turned over to the house judiciary committee. these internal i communications show an intimate relationship between the biden white house and facebook's top executives when it comes to covid censorship. in one document facebook's head of global affairs asking why they were removing posts claiming to covid was a manmade virus. the team responding, quote, because we were under pressure from the administration and others to do more. also saying, quote, we shouldn't have done it. the documents show that the white house gave facebook a will list of things they wanted removed, and it went beyond combating false information. one e-mail saying the white house, quote, would like us to remove content that provides any

negative information on or opinions about the vaccine and says even humorous or a satirical content that suggests the vaccine isn't safe should be removed. even the surgeon general got involved, asking facebook to remove posts that mentioned true information about side effects about the vaccine. meta is not directly addressing the content of these documents that they've turned over, but they did say they will continue to work in good faith with the committee. david? david: hillary, thank you very much. and is now this, covid hospitalizations are back on the rise. dr. marc siegel joining me now. doc, the cdc says this could be a signal of a late summer wave of covid. what do you say? >> i don't think so, david. i think that it's a situation where this is an uptick in hospitalizations. but remember -- and waste water analysis is showing more, more sars kov2 than before, or money of the subvariants. but we're in a place now where

there's a lot of immunity around the country, number one, both from prior infection and from vaccination. a lot of people, almost everyone, has some immunity. that slows it down. and as long as we remain in the omicron family, that immunity comes to bear and it tends to be a much milder disease in this situation, and the numbers are still remaining low. we're talking about 7-8,000 hospitalizations per week whereas at the heart of this we saw 50-60,000 a day. we're nowhere near this, and i predict as long as we don't get some kind of subvariant from asia that we're not expecting, something that we haven't seen, we're not going to see a surge. david: i've got to ask you about that other story that hillary was on, facebook and their censorship and the way the government was working with -- you know, you and i during the course of the pandemic had a wonderful exchange. sometimes we disagreed heartily with each other on this subject, with covid and vaccines, but the fact is that getting it all i out in the open, i think, to both of us. certainly hopeful to me, i hope

it was to you as well. isn't that the best way to deal with these issues, openly and out there rather than censor yously? >> completely agree with you, david. and we had some very invigorating exchanges. we have for many years now, completely agree with you. i don't believe in censorship of anything, even, by the way, to give you one poignant example, rfk jr.'s views on vaccines. i disagree with almost every single one, but i want him to be able to talk about it. no censorship, no way for nothing. david: right on. and it was so so enjoyable too, and it kin creased, expanded our mine. that's what liberalism is supposed to be about. all right, docker the cdc is warning about alpha gal syndrome. i hope i pronounced it right, more commonly known as the red meat allergy? it could be affecting hundreds of thousands of people. it's triggered by a tick bite. what can you tell us about this? >> this is something that i'm scared about. ticks are prop a gating

everywhere because of deer, and we talk about lyming disease all the time and a little bit about babb owe sis. those are tick-borne diseases we can actually treat. but the lone star tick in the south and the southwest and the southeast, the lone star tick actually carries saliva that causes this alpha gale allery to red e meat, and we don't have a treatment for that, we have to treat the allergy that results if we even diagnose it. and most of the time we're missing it. so if you actually have a rash or a reaction to red meat, you've got to think of this and go and see a physician and an allergist to be tested. then you have to avoid it. david: well, meanwhile, we still have lyme disease, and my daughter just moved to a new house in which there are deer cans that come through there -- deers that come through there. i'm worried about lyme disease. have the factors changed at all. >> is it just as prevalent as it used to be? by the way, does it still have that kind of bull's eye mark? >> yes, exactly.

the tick is very, very tiny. it fits on a fingernail, and it's got that bull's eye mark, and if you see one of those, get it tested. it's got to be on for about 48 hours before you would get sick from it potentially. i treat a lot of it. if i think there's a possibility, i treat it. and to answer your question, it's much more common. it's exploding right now in the and in the midwest. we have to be on the lookout for it because we're not controlling the deer population. david: yeah. and if you don't get it early, it can cause some very serious complications. i worry about it. all right, doctor, thank you very much. good talking to you, i appreciate it. now let's take a look at quest diagnostics. they first launched their at-home blood test that helps detect a person's risk of developing alzheimer's. you can actually buy the test now on questhealth.com. questhealth.com, if you're worried about alzheimer's or know something who is. meanwhile, new york city

wants to wipe out millions of dollars worth of medical debt. how would that work, laurensome. lauren: mayor adams has team thed up with a group,al true wissic group, they're going to acquire new yorkers' debt from the hospitals and then pay it off. they're going to target new yorkers in financial hardship, and the recipient just gets a letter saying, oh, all good. so you don't even know this is happening until it happens. imagine the sigh of relief that you feel. this group was founded back in 2014, and so far they've canceled almost $10 billion of outstanding hospital bills for different cities across the country. david: wow. thank god for them. lauren, thank you very much. well, new york democrats reportedly are furious after the white house rejected the sty's call to -- city's call to send more money to help with the migrant crisis. they're sending a liaison instead. what does that mean? and prices at the pump hitting an 8-month high this week. there doesn't appear to be relief many sight. grady trimble will break down

the rising energy costs coming none. -- coming next. ♪ your love has lifted me higher, higher and higher ♪ ♪

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david: just moments ago devon archer arrived on capitol hill for his closed door meeting, and our chad pergram was right there. watch this. >> reporter: from jim jordan, republican from ohio, and as we we speak, here comes devon archer. let's go over here and see if we can get a word. mr. archer, what do you intend to tell the committee today? do you have anything to say? did you have meetings with the bidens, and you elaborate -- >> reporter: did anyone tell you not to a appear today, sir? david: you've got to love chad. archer's expected to be questioned about joe biden's involvement in multiple phone calls regarding foreign business

deals when he was vice president. we are following all of this very closely, and we will give you updates as soon as they come in. checking the markets, and we have kind of a slow day as investors wait and see what the financials tell them about businesses, individual businesses and sectors and the economy in general. the dow is up about 62 points, nasdaq is up about 12 and s&p is up about 6 points. now this, as gas and energy prices rise, the biden administration isn't letting up on their green push. grady trimble joining me now. grady, how much more are we paying this summer? >> reporter: david, the average american will pay about 22% more on their electric bills this summer versus last, that's according to the energy information administration. at the same time, prices at the pump are going up as well. we're paying about 15 cents more for a gallon of regular gas today compared to a week ago. about 20 cents more than a month ago. the the biden administration says it's planning to save

americans money on gas over time, not by encouraging more domestic oil and gas production, but by accelerating the transition to green energy. the department of transportation is proposing new fuel efficiency standards that could require cars to get 58 miles per gallon by 2032. in other words, the administration is pulling another lever to try to get the automakers to make more electric vehicles and get more americans to drive them. >> right now when you say about ev powered car, they've really powered by coal and natural gas. and and, unfortunately, wind energy and solar energy have been a miserable failure. when we set laws to spend these trillions of dollars, it's supposed to be made in america. but guess what? his other policies keep us from making it america and enrich china. >> reporter: even though ev prices are coming down as more models become available, they're

still about $5,000 more expensive a than the average new car. ford says americans are going electric at a slower pace if than expected, and the company is losing billions of dollars on evs. drivers clearly still have major concerns about the cost of electric vehicles, charging them even as the biden administration is all in, david, on all electric the. david: all right. grady, thank you very much. meanwhile, many homeowners want to move, but they're not doing it. okay, lauren, so why? lauren: because they don't want to trade in their mortgage rate which is most people are under 6%, obviously. most people are around 3%. and there's also literally nowhere for them to go. there's no inventory on the market because people don't want to trade in their rates. so it's housing market gridlock and kind of stuck in dealing with what we have. david: is so if you've got a house and you're happy with it, stay there. lauren: that's the message the market has been telling

homeowners and perspective buyers for a while. david: thank you very much. triple-digit temperatures in the south are straining our energy grids. experts say we could see summer blackouts. moreen that coming later. and president bidens as has finally acknowledged his seventh grandchild. why now? what changed? joe concha dealing with all of that coming next. ♪ finish. ♪ ♪ ♪ finally it's happened to me. ♪ right in front of my face, and i just cannot hide it ♪ my relationship with my credit cards wasn't good. i got into debt in college, and no matter how much i paid, it followed me everywhere. the high interest... i felt trapped. debt! debt! debt! debt! so i broke up with my credit card debt and consolidated it into a low rate personal loan from sofi. i finally feel like a grown-up.

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david: markets are hanging in there. again, they're not in the negative, but they're just barely in the positive, all three of the indexes. take a look at this tweet from "usa today." hunter biden's foibles provide ammunition for republicans who want to inflict harm on joe biden ahead of 2024 presidential campaign. now, the word finals -- foibles in that "usa today" article drawing a lot of criticism for folks asking if the media's trying to downplay hunter's crimes as president biden seems unperturbed while resting at his

beach house. joe concha joins me now. joe, by the way, in the two and a half years he's been in office, almost exactly two and a half years, he has spent 352 days on vacation. that's almost a full year, full calendar year on vacation. it really is extraordinary. how long can he keep avoiding hunter's legal problems? because he has the time to deal with it. >> well, since there's a gop house now and elections have con. intentions, he won't be able to avoid it for too much longer. we're going to hear from devon archer today, can and that could be damning testimony. you look at the president's daily schedule, and outside of receiving the daily intelligence briefing, mid-morning sometime, there's nothing on said schedule. and here's another stat of the day. biden has spent 40% of his presidency on vacation. finish he's literally the living definition of a perpetual holiday weekend. now, regarding "usa today," they're predictably marching in lockstep where cnn, washington

post, new york times, cbs, abc, by saying it's a nothing to see here. remember, this isn't about hunter biden so much, it's about joe biden because regards to the question, david, is the sitting president come compromised by adversaries like china as a result of profiting off the family name during his position as vice president aft the time, is that affecting policy now, and did he do so for perform profit? ask yours this question, how exactly does joe biden afford those multimillion dollar homes in wilmington and rehoboth beach on a senate and vice president salary. it's a good question. david: it is. god love his wife, but she's not making it on her own. there are questions there too. but it's clearly that he has the time to deal with it. he's just avoiding. another thing that he's avoiding, joe, or he has been up until now, is his seventh grandchild. remember this from 2019? roll tape. >> reporter: mr. vice president, i'm wondering if you

have a comment on this report or and curt filing out of arkansas -- court filing that your son hunter just made you a grandfather again. >> no. that's a private matter, i have no comment. [inaudible conversations] and only you would can ask it. you're a good man. you're a good man. classy. david: well, finally, years later, biden's long-awaited recognition of hunter's child, navy, he came out with it. jonathan turley writes navy and her mother sought recognition, and the bidens refused. how is that in the best interests of the child? were they fostering a relationship when they gave german shepard stock things at christmas but not their own grandchild? i mean, that's really what got under the skin not just of republicans and # americans who didn't care about what goes on, but also democrats have been questioning him about this. >> turley's a pretty good

writer, huh, david? he put that perfectly. if you want to see the essence of just how ran is sid the swamp is, look no further than team biden deciding to acknowledge their granddaughter during a friday night news dump giving a statement to people magazine. the only two words that come to mind are pathetic and disgusting. if you think she's going to go to the easter egg hunt at the white house next year or they're going to go over to the mother and the daughter are going to go to one of those aforementioned multimillion homes in delaware for thanksgiving or christmas or july 4th, then seek professional help. all this does is underscores the fact that the bidens talk about the importance of family, but then when their actions are quite another story if this child is any indication, david. david: well, and it also hits that good old joe image that he came out with, particularly when he came into office the first time as president. that was the image, that he's good old joe, and, you know, frankly, good old joe doesn't act like that. >> it's all about power, keeping

power and, in this case, not about family. that's certainly for sure, david. david: joe concha, thank you very much. appreciate it. still ahead e, steve forbes on vice president harris' contradicting the president's own claims that bidenomics is working. corey deangelis on the need for school choice and the ceo of power the future, daniel turner, on the potential for summer blackouts. the 11 a.m. hour of "varney" is next. ♪ and i'd hate to see you waiting. ♪ had to have high, high hopes for a living. ♪ shooting for the starses when i couldn't make a killing. ♪ didn't have a dime, but i always had a vision -- ♪ always had high hopes ♪ ♪

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