lauren: is the flower moon too rbs? i'm going with number 2, flour. stuart: you say you get everything right. >> i'm going to go number one, strawberry moon. stuart: i'm going with sturgeon moon. it is so ridiculous it is probably true. a strawberry moon. this will appear on june 21st. americans call it the straw moon, it appears when strawberries come into season. why couldn't we get that? surgeons are round the full moon. time is almost up. this is where i count down, 7 seconds. now is 3, 2, coast-to-coast starts now.

ashley: lunchtime and crunch time on wall street for stocks, interest rates edging down, so are stocks. investors seeing little solvency in 10 year down to 4.35% and lower oil prices would be enough to stop this. at least first, to get some answers. we went to go to charlie gasparino with the markets. it came out. we would talk. people don't understand. are you comparing me? charles: markets have been on a tear, week news on jobs the.

charles: every one trying to figure out what the fed is doing, day today. for the average investor, if you want to get caught up, you can gamble. charles: game stop and the amc stuff, people looked at that. is that fraud? charles: it tells the you the part of a market that is dysfunctional is not what you see, it is overall normal. we talk about how to gauge interest rates. it is a gamble. how is the fed going to cut rates, raise rates, boeing's earnings, is nvidia, questions in the market, a way to play

those stocks, the part of it, that markets are broken if there is not. go to your broker, you can buy seamlessly and cheaply. charles: why did he trade by the way? charles: they haven't made the decision yet. the problem, the aspect of the markets that don't rely on information but weird stuff, personality and momentum. the information is filtered through very unregulated. it is weird venues. charles: it is interesting. neil: the roaring kitty. charles: my mother answered the phone. neil: i want your thoughts on that whole phenomenon.

a very different position. this narrative. charles: first, leaning forward in a chair, people take that as a reason to buy game stop which isn't doing well, the metrics -- charles: he said -- the latest position -- charles: the metrics of game stop haven't changed when it comes down to it. she comes out and says i have a huge bet and people piled into the stock. charles: the hedge funds -- charles: he was right for a minute. but ask your self, is that the way you should be investing? i would tell you if you want to gamble be prepared to lose your money.

game stop, but for this nonsense happen started to reflect its fundamentals down 30%. amc another one. that is down. 99% from stock, amc is interested because when you look at the price of amc, that is $0.25 because they did a reverse split. think about if you go apples to apples, amc was trading as high as $72, now it trades at $0.45, if you do apples to apples, $720. charles: 20 i would get the big picture but the big picture for you, is this the stuff that happens in markets, par for the course, not a big deal?

charles: it happens with performers of the market and the invested public. the regular for average people your market is not broken. tough moves based on information, elon musk says something but generally speaking that is normal, this stuff is insane. a meme is causing it to go up. got to ask your software is the sec? my guess the sec will look at it, doesn't mean they did anything wrong. this thing gets interesting if it is not good. not -- lots of speculation about social media, someone else is playing around. neil: can't informed that. charles: he can say whatever he wants.

neil: doesn't make a big deal, companies and hedge funds that go after a guy like this presumably to go the other way if that isn't the case. what do you mean? charles: it does go after hedge funds. neil: that isn't the focus, one guy doing something that goes contrary. charles: what they are trying today, the conspiracy theories that believes in a meme that pushes up a stock is unscrupulous hedge funds doing stuff, screwing up the plumbing of the markets, totally disproven. they investigated it. didn't take amc down one%. you know what took it down? the box office, movies, too much debt, diluting shareholders time and time again, that took amc down.

in the long run, that random -- he posited the stock market is inefficient in the short term. but long-term, it is. you are efficient. neil: we much appreciate it, don't care about the tie thing. you are a best-selling author. charles: you didn't see my chains. neil: you look great, you are great. we got ray wong consultation research and chief global strategist, former executive former governor, your take from the floor to the big board, talking about this fixation on these meme stocks. a lot of people look at it as

something you see in markets, i don't think that is fair but your thoughts on this latest? >> charlie looks great without the tie. my thoughts, this is different this time. this is isolated. this theory has some validity. if you think of the number of dollars invested in this, does he have that money to do that? he's not showing his face, no crusade to get anyone. seems like a money grab, i think that this is very different from the last time. we need a little more into it. amc is coming back down, but this is not a crusade against the man or wall street. this is someone who wants to see game stop go up for their own benefit.

this is great. i don't think he's done anything illegal. there are a lot more questions than answers and it is interesting to watch and what we have seen with one craze two weeks ago, another bump didn't go as high as the last time it is fading quickly, see if it has legs, i don't think it does. neil: what typically happens with markets, nvidia and matter and these others that have soared, saying where can i get a real noticeable bang for the buck and create something that looks like nothing and that is hard to draw for the meme activity and it is short-lived is what the gentleman hinted at. i'm wondering from your perspective what you make of the argument that technology stocks and chip stocks nvidia in particular have gone too far too fast, that is part of the thinking for some of these alternative investors.

>> the important part is to realize in the ai category only a few are going to be playing, nvidia is one of them. a lot of hype around other ai stocks, intel plays into that space and only a couple companies are using ai properly, google, microsoft, matter, companies giving them to oracle, other than that, small number of companies will benefit on the ai now and you will see those come across. charles: comparing what is going on in the 2024 market, akin to the 1920s, the 20s all over again, that particular decade, that is kind of like what's going on here, the

excitement for anything equities are related, technology, what have you and doesn't see it slowing down anytime soon? >> i would compare it to the 90s. niro we live through. when the internet came on the scene and everything with the dot.com went through the roof and big players survived, amazon, alphabet, what we see is nvidia, justifiable where it's trading, it's p/e ratio and microsoft was at its peak in 1999 is not even close. if you look at nvidia's customers, google, meta, microsoft, chet gpt they are the giant here and intel had some good news just today and got one up to buy nvidia again as chesler is buying chips from them. it's nvidia leading the story which is just starting, you're going to see some froth in the market eventually so the

comparison is like the 20s but the comparison to me as it's the next industrial revolution. the leader is nvidia. there are a lot of great followers like micron doing well. until is behind and if you look at until's history, where did they miss the boat, the mobile expansion with the iphone and if you look at a chart of intel it is trading where it was in 2003. hopefully they get the spark. nvidia's partners, the one you want to ride the coattails of and when we talk froth, watch the market heat up when ai plays anything with ai relation comes to the market. it isn't here yet. it will come, that is early and may be not so early if you are jumping into nvidia but it is a long-term story as dan ives said, 95-96.

charles: julie: the man on wall street, absolutely, as are you guys. one of the things many people argue could disrupt this wave of activity, states and others decide to clamp down, new york is looking to prohibit social media companies from getting get to our kids and the algorithms they used to get to our kids. lydia can explain, what does new york want to do? >> reporter: they want to get in the way of how social media companies are using algorithms to target kids. one thing is tracking how big social media companies are doing on this news. you can see snap down 3% and matter down half of 1% as we are learning more about this proposed legislation that will come from lawmakers, they want to require companies ask parental consent before they

use algorithms or automated feeds that promote certain content to kids. critics say content is addictive and harmful and this proposed law will prohibit overnight notifications without parental consent. if passed, it would be the first law in the country to regulate how content is delivered. new york's plan is championed by democratic governor kathy hochul, among the vocal critics who say social media is harming the mental health of our use, empire state not alone, joining a growing list of blue and red states taking action in the absence of federal legislation. lawmakers in california proposing a similar measure. florida recently passed one of the most restrictive laws in the country, banning kids under 14 from having social media accounts. that law takes effect in january. as you can imagine social media companies are fighting hard, pushing back.

net choice, a lobbying group that represents a bunch of social media groups like meta, snap, and others, tells fox business politicians are trying to take over the internet and to this law is unconstitutional because it violates the first amendment by denying the editorial rates of webpages to promote content, how they want it. this issue is attracting concern from lawmakers on both sides of the aisle but in new york, it seems state republicans are not ready to give of honor hochul a democrat credit just yet. the new york state gop chair here at cox issued a statement that agreed restrictions on social media for minors should be debated, it should be considered but says kathy hochul hardly on the side of parental rights because she has signed laws that protect minors access to gender reassignment medical care.

and the empire state can coalesce around the proposal and they are on the clock to figure it out. the last day of legislative session is thursday, we will see what they are able to accomplish. neil: a lot of kids school year ends. thank you, following all of that. we are two hours away from the president outlining executive actions on the border. a lot of republicans say about time. they look at these actions and said this is not exactly what we thought. it's not an order, executive order, it's a wish list, not legally binding but executive orders are binding and almost always reversed by congress. there's a difference this time, the president is on offense right now. ♪

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>> welcome back to coast-to-coast with neil cavuto.

we received the fauci outlining the series of executive actions president biden intends to take to try to strengthen border security. the take away is the part that says close the border, shut it, if the border daily encounter number of 2500 a day was released. it also says they reopen it once the number falls to 1500 a day. for context, sources share with me in the last 24 hours 5200 encounters and 5,000 every day this past week. under these actions if a loan today the border should close today. the president is using section 212 of the immigration nationality act, the same authority trump used to bands muslim countries from entry. the key parties, quote, whatever the president find the entry of any aliens or class of

aliens detrimental to the interest of the us, he may brought proclamation as deemed necessary suspend the entry of all aliens or any class of aliens. republicans are blasting it, texas senator john cornyn had this to say our press conference. >> by my count, he issued 94 executive orders since he's been president but his waited until today to do what he calls effective action to secure the border. my question to him, why did you wait until now if you were serious about doing it. the simple answer is he's not serious about securing the border. >> reporter: is there anything to deal with the known got aways that are most dangerous, one. 8 million known got aways and the first three years of this

administration and finally the question of if this is a sign the border is closed tonight, how will that be enforced and implemented? mexico receiving 5000 day day. 35,000 a week, one hundred 50,000 a month. they haven't seen an interest in doing that or have resources so a lot to be seen as we wait for the official signing at the white house today? neil: i want to go to the republican florida congresswoman, what do you think? some are saying the president is late to do this but at least he is doing this. what do you think? >> it's been infuriating to me because i heard in conversation the president knew this was an issue months ago and they were concerned on polling and he was considering this back then, was encouraged by the speaker of the house, took no action.

the senate sat on this. as a hispanic american woman and member of congress i take this seriously. people are getting hurt on both sides but more infuriating, the propaganda machine messaging behind this. biden took over 300 actions that undermined border security measures painting you and i as racists for supporting border security and we were right all along, we need to shut the border immediately. even one person here illegally is too much, shut it down. neil: it was a republican only supported measures it wasn't going anywhere so the president is addressing the points you mentioned and even if you don't like the numbers involved it does seem there's immediate shutdown. what do you think of that? >> it should be shutdown but it's like being in an abusive relationship with the federal government, this is an issue of

his own creation. we know there can't beat strategy was to use it for the upcoming election cycle. that is backfire. every person in this country is worried about what's happening with the economy and the rise of crime in the neighborhoods. the fact is this administration using this as a voting tool, they created and are trying to say they have a solution when they've been the problem along. jack: you don't care about that, it might be political and you raise a point, executive action versus executive order, not doing what we want to do but not putting your heart into it. i see your point but call his bluff and see if this works. if he's not doing anything. >> i think my first and foremost objective is to protect americans. i would shut it down. i think he does need to shut it down and this is too little too late, what about the got aways, the people that have come here on the no terrorist watchlist that they've been releasing into our country, i think this

administration knows trump was right on border security and republicans in the senate and border security, i welcome them to do this but i think they will have a lot of egg on their face. neil: donald trump wanted to let this wait until after the election assuming he would be elected. is that what republicans are doing, don't want to let him get any credit? >> i don't think donald trump wanted to wait. when i had conversations -- neil: he hated the bipartisan measure. >> i will say he knows they've been using this as a tool moving forward and it is unfortunate the democrat machines don't care what happens to americans and they tried -- neil: the side view is political too. >> i can say there's propaganda that exists in washington but when we talk about border security this should never have been something they should have campaigned on.

should have been something they left donald trump's policies in place and you wouldn't see these numbers. . what he's that was then this is now. good catching up with you. appreciate it. later today i will be talking to the secretary of homeland security about this and why executive actions took so long and all of that. another issue coming up on capitol hill, taxes going up, not just for the well-to-do. i will explain after this.

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>> welcome back to coast to coast, janet yellen will be testifying on capitol hill about why the department needs more money. the irs needs $2.3 billion in discretionary money for the tax filing system on programs designed to close the tax gap, she wants more people to pay more taxes on time adding this, keep working to do that, it causes $600 billion a year. the president wants to fund that and americans feel squeezed by higher prices. democrats taking notice that bidenomics.

>> at 8:00 every sunday. doing comparison, the grocery cards spending the same amount of money. >> new fox news power rankings show donald trump with a lead of 15 points over president biden on handling the economy. this is the backdrop. president biden, just about every speech, talks about how wages are up but is only giving half the story. analysis of census data by the economic innovation group found the number of people making $400,000 a year grew by 1.2 million from 2019-2023 but since president biden came into office overall prices are up 19%, food prices up 20 one%, energy prices up 38% and this means real average hourly wages are down 2.7% from the month

president biden came into office. that is what people feel. connell: adam: brendan is saying if you don't like paying more for groceries, you will be paying more in taxes even if you are well below the $400,000 ceiling. we crunched some numbers and said it is just a matter of time. explain. >> a pleasure to see you but we are in a really bad situation. we have broad macroeconomic trends, the federal government spending more money than it has and another enormous problem is tax cuts and jobs act, 2017 tax law is about to expire. the economy about to expire. how are we going to weather the storm, get to a climate where we preserve the economic

environment but don't run up the nation's credit card debt even higher than it is. it is a huge conundrum and possible lot americans face that. neil: the administration comes back, it is not so, you won't be affected by this if you're under $400,000. how did you come to that? >> biden is raising taxes on people making $400,000 a year, higher tariffs, higher taxes hurt consumers regardless how much money you make. neil: tariffs haven't gone into effect yet. >> we had enough tariffs and the announcement of more tariffs is enough in my mind, he's in the process of raising taxes but even beyond that. we have a huge chasm, borrowing costs are so high, we will spend money on interest on the national debt more than the defense department. that is staggering and because

we have structural problem where demographic trends, they have put us in this unfavorable position where there is a lot of pressure to raise taxes. i'm not in favor of tax increases at all. we are forced in this untenable position that it's likely we will see tax increases. adam: they need to run the table, the white house, the senate, keep the house, it will be an uphill climb. thank you very much. good to see you again. at least you are paying less for oil, less expensive than it was yesterday despite the fact that opec is cutting production. reversed by saying it was only

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>> i am rich edson, the president's son hunter biden facing gun possession and crime charges. the prosecution is presenting its case. she was assigned to the hunter biden case in 2,023. we are playing excerpts from hunter biden's audiobook, he talks about being a drug user, part of his case, prosecution is trying to make, hunter biden went to purchase a gun in 2018, filled out a form, said he was not drug user when in fact he was. they had text messages a week before he bought the gun. prosecutors say hunter drove his father's cadillac to purchase the gun. the opening remarks a addiction may not be a choice but lying and buying a gun is a choice. the defense team says the gun for masks if the buyer is a

drug user, not whether they have ever been a drug user. hunter was drinking at the time, a question they never asks. law maintains the gun store clerk really drove what happened at the store that day and hunter never took the gun out-of-the-box for the 11 days he had it. the prosecution said hunter's ex-wife, ex-girlfriend of hunter, and bo biden's with no -- widow who was in a relationship with them after that. he threw it in a trashcan. another strong showing from the first family. and kevin morris, president biden -- jill biden arrived her second day in the court room. jury number 16 didn't make it today. couldn't get a ride.

dismissed and replaced with an alternate. neil: barack obama fundraiser, and the ceo and founder, i want to talk to the guy about this trial and an issue for the president? >> use home-field advantage and the first lady attending the case. it is a problem but not a greater problem than he has. interesting to see whether is he convicted whether it is apparent that he should be. throwing a gun in the trash is a little bit -- he may get that but you never know. it will be another issue, the president has a bunch of issues that are more problematic for him.

neil: let's talk to those issues, the economy and inflation to get around. >> americans are struggling, feeling the pain, high inflation ongoing since he came into office. they've done little to change that. they fueled it for the first year and a half. his campaign rhetoric, not about the issues americans are experiencing now, he is trying to attract women based on reproductive rights, to scare african-americans in the voting community, not one of them, is he going to say i have a plan to level the playing field so we can turn the page on this. neil: the immigration issue, taking executive actions, to do something republicans should have done a long time ago. and you guys are criticizing me, it is been highly charged.

>> look at the impact in new york. his policies decimated new york city, his abandonment of new york city in terms of leading us to fend for ourselves with the migrant crisis not supporting a democratic mayor and the democratic mayor spoke about policies, start attacking him too. his approach now to immigration is merely to try to swing some voters who are stuck in the mud and can't move, his numbers aren't moving. we 20 progress was in his party don't like the actions he's taking, tougher to claim asylum. they are willing and eager to challenge that in court. >> the president has nowhere to go. 's numbers aren't good. is not going to become a different person. he is who he is.

can't teach an old dog new tricks and he's a candidate to face donald trump. >> polls are pretty close. if there was any sense of harm to donald trump, 34 guilty verdicts, hasn't really popped up, certainly hasn't affected his money raising capabilities. some figures have it at $4 million he has been raising, with a rich billionaire heiress. people giving him $25 at a time. the president and former president who have ample funds to carry on this race. >> the advantage is donald trump. there are voters will be uncomfortable telling strangers who they are voting for, especially -- i think the far left and the mainstream media

overall have vilified him, most americans think this trial was a farce. it is absurd to manufacture 34 felonies over some accounting issues that he is not an accountant or the cfo. >> 47% or so, not medicine up to skip to the scales. >> everybody can't have it both ways. if you look what happened in florida, georgia, trave on martin was killed, was acquitted because the local juries had a bias towards scanning your ground and other issues there so he was unfairly acquitted. donald trump was convicted in an environment where it would be impossible to get a fair trial in these are not the

issues, for manhattan district attorney going after the president of the united states, former president, trying to affect federal election, this is a federal issue that should have been a federal issue and we know the only reason trump was indicted and tried and convicted is because people here don't agree with his politics. neil: let's talk about when you were last year, got a big response, should run that guy for office but you said something about eric adams if you wants to run for the election, he won't challenge and a city like this, that was as good as reelecting. >> i think that eric adams came into office to move new york forward to get crime under control. crime is down a bit. he came in to do that and

settled with this migrant crisis. neil: when you say are not entertaining, politically astute, people looking for an adult who can look at prices and deal with it. >> i do believe some of the policies eric adams is implementing will take root and show results. he has -- lauren: 1 about governor? >> kathy hochul just got reelected and needs to do her job. neil: not governor, not mayor. there we go. always good seeing you. in this city, there's congestive pricing starting soon that will cost $500, not that bad but pretty close after this.

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adam: a big deal, new york will institute june 30th, new tolls on every one who will go into effect and the $15 in upwards of $47 in and out of the city. suffice it to say, they will be expensive. the drug association, it would be a big bite out of people, doesn't matter if you are taking it in or not. >> we are focused on the impact to the trucking industry. the plan itself will charge passenger vehicles to enter the zone. for the trucking industry, charge $24-$36 depending on the

size of the truck, a huge process that will trickle down to consumers. neil: they are bringing goods into the city for a lot of buildings and restaurants and grocery stores and others that are a vital lifeline for those who live and work in the city so they are screwed too. >> the industry has no choice but to make those deliveries. neil: it kicks in at 5:00 am. >> a critical piece for us, for overnight deliveries, there's been pushback on the argument, we are giving you a concession but for the trucking industry we don't choose one be come into the zone. many of which are not able to

take overnight delivery so we come in during those high congestion periods. neil: what they hope to raise from this each year, what do you do with that? >> the $15 billion capital plan and their intent to enhance their transit services, another concern for us, we are being asked to pay the bulk of those tolls but don't the arrived a benefit from where net revenue is being spent. neil: we did reach out to the nba but they didn't want to comment. we want more on this. and among players in the city about long-term impact, we are watching this. brian brenberg and "the big money show" watching this. brian: i am brian brenberg