charlie gasparino joins us here. first -- the white house grilled on the border crisis and dodging questions around gop claims that the fbi is in possession of a document that describes an alleged criminal bribery scheme "involving then vice president biden" and a foreign national. where is this going? bret baier will join us with his take on this in just a moment. first, to peter doocy who is fresh off of this white house briefing. hi, peter. >> martha, for the first time, the white house is addressing this on camera with john kirby taking a question just a few minutes ago. >> seeking fbi document from 2020 that describes the alleged criminal scheme involving then vice president biden and a foreign national relating to the exchange of money for policy decisions. what is the white house's response to this serious corruption allegation? >> i have to refer you to the justice department. i have nothing for you. >> do you know what country this pertains to or what policy decision? >> i have nothing for you and i have to

charlie gasparino is here and david asman is here with their take. senator joni ernst is here from iowa. first to this. remember when mayors of cities across this country said that they would serve as sanctuary cities? they sounded like this. >> we don't want ice in this state. >> we're a sanctuary city. we're not cooperating with ice and we don't appreciate the ice raids. i'm going to push back. >> martha: and now they sound very different on this issue. now that those open sanctuary doors have led to thousands of people in some cases coming to their city, which they said they were completely open to and wanted to provide an open door for. now here's how they sound today. >> we're completely tapped out. we have no more space, no more resources and frankly we're already in a surge. >> it's irresponsibility of those that allow them to come to a country and not build the infrastructure to allow them to pursue that dream. >> martha: you can see how this is happening. when it was the border governors and mayors that were pleading for help from other plac

charlie gasparino, timeline? charlie: this is pretty frustrating.because a lot of our viewers have money in the ftx fund and they still haven't gotten it back. periodically, we hear that they've recovered some money. the total right now that john ray has collected the ceo of ftx essentially the defact o bankruptcy trustee is trying to sort through the whole mess, recover funds, a bunch of lawyer s working at it also maybe start a business. there's people talking about re igniting ftx to help pay some of the bills, and in any event, he's recovered from what we understand about 7 billion. now here is where it gets really tricky and i'm talking with creditors who have legal representatives searching for what's going on there. what they are saying is that they are, they believe, that ray and his team are slow walking the entire process. liz: why? charlie: you want the conspiracy theory? liz: both. charlie: okay, so -- liz: start with the conspiracy theory. charlie: the conspiracy theory which they believe is they are doing this because these are a bunch

charlie gasparino is the best business reporter on the planet.ing observations about desantis and his unforced errors. but look at the $8.2 million, that's what he raised in the first 24 hours of his announcement. dr. gasparino joins us right now. for all the stuff that you rightly cite, charlie, financially at least, he's still on fire. what do you make of that? >> i agree. this is a glass half empty, glass half full pitcher. the glass half empty is that, you know, he wasted his time for a while. he was letting trump take shots at him. he should have started his campaign on a high note a couple months ago. the glass half full is interesting as well. i'll tell you, i'm getting this from the same people. it's people inside his campaign that are giving him a lot of money. they say this guy is a fund-raising machine. they say his issues are what will drive this. he's smart enough to understand how to use that money effectively. he's not going to have a problem with money. he's going to have a problem with contrasting himself, if that's the way you w

charlie gasparino has been working the phones. charlie, including phones inside morgan stanley.t-financial crisis environment. he made morgan stanley the biggest wealth manager firm in the world. they basically focus on wealth management. now they bought e-trade. and they have a blue chip investment bank. and they downgraded risk and it paid off tremendously. james gorman is going to retire in the next year for all intents and purposes on top. which is rare on wall street. most of these guys leave because they are down. he now has to pick the next james gorman, the next ceo. there are a lot of names bouncing around. but two i think are the main contenders. andy pick who runs -- excuse me -- ted pick who runs the institutional part of the house. that's trading that involves investment banking. them a guy named andy saperstein. most people think he has a leg up in this battle. he's a smart guy. risk is a big thing. you have the fed essentially operating in your offices. even firms that deemphasized trading, they still take market risk every day for clients. it's hard to discount s

charlie gasparino has a better take. what's going on here?only because i speak to desantis donors, people that meet with him. here's what they're telling me. he's more ex-meex-me -- explici running in private conversations. and then there's his message. you know, this is not a guy that has been doing this for a long time. right? he's been running on a state level. they're recommending this in private and just broadly and public is that he diversify his message. it's been a lot of disney, which is not so bad. you played that card already. he ventured in to the abortion debate, which republican consultants say you didn't have to go there and limit it further from where it is in florida right now. you're not going to get that many votes from it. the trump people won't come to you on abortion. trump himself is like, you know, jell-o when it comes to abortionwhen he speaks about it. if you put that together, diversify your message, get discipline and get an economic message and put together a real campaign. it looks like he wants to put together a

now we go to charlie gasparino, what he makes of this. a lot of people are breathing a sigh of relief. that is not necessarily a sign that everything is all clear, right? >> good point, neil. this time last week, i first reported that first republic was heading likely for a receivership, if not in the immediate future, sometime soon, maybe within weeks. it took a week for it to go down. people were prepared for first republic. they knew it was a problem bank. they knew it was losing deposits. we were first to report that they were going in to receivership. people knew what was going on there. what is the real question, if there's any others out there. i can tell you this, the president of the united states is looking to put his best foot forward. jamie dimon is not in the business of stoking fears. he's putting out there that he thinks this may be it for a while in terms of bank failures. i know big investors, mayor money management firms that are looking at balance shoots, particularly regional bid size banks, there's at least two dozens

charlie gasparino has more on that next plus our countdown closer on ways to get around that shorting happens. legally say you really don't believe in the banks but you want to bet on it that way? oh, we'll show you how. ♪ ("next big thing" by west rose) ♪ ♪ ♪ ready? go ♪ ♪ i'm coming out with a bang ♪ ♪ blowin' up i'm the next big thing ♪ ♪ we don't just have everything... we have your thing. ♪ ♪ blowin' up i'm the next big thing ♪ ♪ ready? go ♪ ♪ (upbeat music) ♪ ( ♪ ) with the push of a button, constant contact's ai tools help you know what to say, even when you don't. hi! constant contact. helping the small stand tall. say goodbye to daily insulin injections with omnipod 5... a tubeless system that automatically adjusts insulin to help protect against highs and lows. try it today. go to omnipod.com for risk information and instructions for use. consult your doctor before starting on omnipod. else nutrition is disrupting an 80-billion-dollar global baby food industry with the world's first whole plant, dairy, and soy free baby formula line. their patented products are available in

liz: charlie gasparino. closing bell, we are four 1/2 minutes away. here we go. , 460. charlie just tried to walk off the set all attached with everything. >> i'm sorry. liz: s&p is up 51 points and the nasdaq is up 167. yeah. they're getting very close to the session highs here. asset managers talk all the time about a balanced portfolio, what does that really mean? for our "countdown" closer today, that means pairing a safety pick with a contrarian pick. joining us now, eva otto, coo, chief investment strategist at er shares. she manages a billion in assets. talk to you about first safety before we get to your contrarian pick. why is this a better way to do it? >> i think we see inflation coming down, 5.4%. housing is dropping significantly. if you look at the case-shiller index it is down 5% since june. that will reflect on on cpi since june. housing accounts 30, 40% of cpi we'll see inflation come down precipitously. when inflation comes down and interest rates come down -- tech. liz: let's get your safety pick and your contrarian pick. >> so safety is, so the

charlie gasparino next on the bank that lost out and why. charlie? >> yeah. liz, that bank is pnc.exclusively reported last week, i believe monday of last week that there was likely receivership in the offing for first republic. liz: fdic take over of the bank. >> that they would be taken over. this is from sources involved in some of the earlier bank, earlier bailouts of frc. we pretty much nailed it. if you, you know, used our information to trade, you did pretty good today, particularly now that jpmorgan is buying it. here is what i do know about this process. it is an interesting process. there were about five or six banks that were looking at this. most of them did not put in firm bids. from what is came down to at the end was jpmorgan's bid versus pnc bank's bid. here is where it got interesting. people at jpmorgan yesterday, i tweeted it out as a matter of fact, that they believed it was a good chance that pnc was likely to win this. they believed that because pnc is regional bank. not adding to -- jpmorgan is actually in many of the markets that first republic is in includi

all right up next, charlie gasparino invades the "clayman countdown."g bell is about 15 minutes away. we've got the dow down 257 nasdaq is the only one in the green up 22. salonpas lidocaine flex. a super thin, flexible patch with maximum otc strength lidocaine that contours to the body to relieve pain right where it hurts. and did we mention, it really, really sticks? salonpas, it's good medicine. >> woman: why did we choose safelite? we were loading our suv when... crack! safelite came right to us, and we could see exactly when they'd arrive with a replacement we could trust. that's service the way we want it. >> singers: ♪ safelite repair, safelite replace. ♪ >> right now, a child is being diagnosed with cancer. >> [ voice breaking ] being a parent of a child who is diagnosed with cancer [sniffles] is a parent's worst nightmare. >> st. jude children's research hospital works day after day to find cures and save the lives of children with cancer and other life-threatening diseases. >> st. jude, to me, inspires hope. it gave me the power to believe tha

charlie gasparino has been following this back and forth. he joins us right now. ought the rhetoric would calm down. it's heated up. desantis believes that disney tried to pull a fast one on him. something with the new board, the district, the self-governing district that somehow it was playing dirty pool with the creation of that and keeping its people in place. so he's gone after them again. here's the one problem that disney has. where are they going to move? are they going move back to california? they not only get hit with higher taxes, they'll have to pay reparations. that is not a business friendly state. are they going to move to a red state? if they move to a red state and pull this stuff, they'll get the same treatment from governor abbott, any of the low tax red states will give him the same treatment. so i think they're kind of stuck there with each other. you know, i think when dollars to doughnuts, if you play the long game, desantis has a better hand. his problem, desantis, is that people are getting sick of this question of battling with bob iger wh

we have marco san tory and our own charlie gasparino. marco, thank you so much.e. i think they did. both democrats, republicans, witnesses alike were talking after the hearing. it didn't make it on camera. there was clear consensus we moved the needle, i think members of congress heard what they needed to hear, what they wanted to hear in tomorrows of the terms what technical regulations and policy goals and how to achieve them. >> let me produce back on that. my producer ellie, had a pretty good scoop, what she received democratic lawmakers that were on the committee, they're talking points. they were giving a set talking points. each democratic member of the committee what to say, they were all aligned against crypto. they were all aligned in terms of gary gensler in favor of regulation by enforcement agenda. that all cryptos are securities. really looks like the democratic party aligned against the crypto industry. don't you agree with that? >> i think there is, there is a clear contingent of democrats, frankly aco contingent of republicans as well don't want

charlie gasparino scoop about possible changes to that limit.t year was a 40-dollar stock. now it is a penny stock. that will give you an idea how difficult the regional bank crisis is. it is continuing and cascading at this point. this is what the fed is thinking about, bet it from senior wall street executives that deal with the treasury explicitly or defacto make deposit insurance cover everything or much more than $250,000. liz: how? >> don't know how. just telling you. fdi. is funded by a tax, a tax,t-a-x, that comes out of your deposits. jpmorgan another bank being bailed out essentially funding, because they have the most deposits. if you have deposits at jpmorgan you will pay to fund the fdic pool to cover everything. we don't know that this definitely would happen. i know they're talking about it. i have sources close to the treasury department. we took a bet. i said don't think it will happen. watch it, by may 15th what he thinks it will happen. this is spoken about at high levels. that is kind of a bandaid solution, liz. these banks a

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charlie gasparino. >> i didn't watch 60 minutes on sunday.correspondent. have you looked into the thing with the company pssi. a company that cleans out, cleans out slaughterhouses. horrible, tough work. liz: dangerous work. >> they have been dinged by the department of labor for employing child, employing children, people under 18 a lot of them. i said no, i haven't. you should look into this. i'm under pressure to basically do something with blackstone, they own this, maybe divest from blackstone from certain portfolios that include pssi. he goes on to say i think they're getting a bad rap, that "60 minutes" left a lot out. "60 minutes" found one or two kids. liz: "60 minutes" had two photos they were allowed to use. one hundred worked the overnight shift. >> let's be clear what happened here. kids are smuggled into the every day by drug cartels. these are illegal aliens, all of them. this was not a kid here as u.s. citizen. this is someone smuggled into the country with illegal papers. then they get into the country, the cartels supply the

howard: joining us now from connecticut, charlie gasparino, senior correspondent at fox business network chance it will destroy humanity. but the media are filled with all these stories every single day, and a reuters poll, charlie, found that the 61% believe artificial intelligence threatens the future of humanity. 22% disagree, the rest undecided. are we needlessly scaring the country? >> you know, you have to ask about the motives of the people that are saying this. i mean, listen, elon musk, like him for a lot of reasons, but he's behind the curve in 56789i -- howard: and wants to catch up. >> he wants to catch up to the what's going on with larry page and chatgpt. so remember, he's talking his book a lot. and, you know, here's the other thing, howie, i remember when the internet was going to destroy society, how amazon was going to put local bookstores out of, bookstores out of business, and that was going to be horrible. that western going -- the internet was literally going to change hour we live, and nobody was going to work. you know, these doomsday scenarios never work out. i m

behind the scenes, charlie gasparino has behind the scenes. >> caucuses are heating up both in the statearent flip-flop on disney. donald trump initially said desantis was screwing up the whole disney thing. he seemed to be siding with disney between the feud between desantis and disney. recently did a flip-flop. said desantis went too easy on disney. don't know how that came about. probably came from polling supporting disney is not good with republican base voters. desantis sees this from people close to him as fertile ground. show that donald trump was too easy on disney. when when disney was all but celebrating how the chinese communist party thanked them for helping do their movie in september 2020, when donald trump was president. so what they're going to say, disney did catch some flak at the time, people like me, conservatives writing columns, what the hell are you doing thanking the chinese government that may have given us covid? this was in the middle of the covid pandemic? desantis people see that as fertile ground. look for him to start stepping up on his attacks on trump re

charlie gasparino is here. >> a little speculation, just based on what i'm hearing from jpmorgan i think fact that they had a long-standing relationship internally. they're running around saying they're sorry, they're sorry and they are investigating every rock to find exactly what, who knew what about jeffrey epsustain internally. who did business with jpmorgan when he got out of jail for the first child abuse or, essentially child rape conviction. that he only went to jail for 13 months, as you know. very controversial. we don't have to go through all that. he was recharged more recently. when he got out of ya'll for several years he was doing business at jpmorgan. his principal banker was jeff staley, ran one of jamie dimon's right hand men. jamie dimon probably most prominent banker in america has been brought into this thing. he is set to give a deposition at the end of may in two civil suits right by one of the victims, not island, the island where jeffrey epstein had his island? liz: bahamas? >> st. croix wherever it was, virgin island. broughts brought by both entities over jpmor

charlie gasparino. closing bell, now is on track to close for the fourth down day in a row.ow is losing 270 points. s&p down 32. nasdaq down 82. as we told you earlier today's release from the minutes of the most recent ted meeting, fed officials still think inflation is unacceptably high. and some of those in the room said additional interest rate hikes are likely warranted. still the fed funds futures, this is the market mechanism you can use to bet on these things is pricing in a 14% chance of a rate cut by september. that had been 11% earlier today but it is climbing. our "countdown closer" though is pricing in a totally different scenario. he is peter maloof. 210 billion assets under management. creative planning. what is the scenario you're pricing in and how are you investing through it? >> good to see you again, liz. i would be stunned if i were to see the fed start to drop rates. there are a lot of components of inflation the fed has no control over like oil and food and i think, i think they might even raise rates one or two more times, at best level off. i take th

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charlie gasparino. >> on this show, i think it was two weeks ago, we said by memorial dayish.reasons why we're ahead of the story on the "the claman countdown" i'm plugged in with some of his top fund-raisers. he has been meeting with them for the last two years. he is ramping up the meetings. everybody knew something was coming. here is what they're telling him, if this is key in he wants to being president the united states, and win the republican nomination. they usualing him to avoid mistake of trump's 2016 opponents, that means go negative on trump. in 2016 until the very end you barely heard a real never saw a negative ad from donald trump or ted cruz anybody else. any of thighs main challengers. chris christie. what they're saying to ron desantis if you really want this, you have to go negative and you have to go negative fast. now what is his instincts? his instingses do it indirectly at first i'm told. lay back, let trump throw stuff at him. bob and weave through it but at some point even concedes he has to go negative. this is where this could get really nasty becaus

raymond lopez is a chicago alderman and joining us, and here in new york, charlie gasparino. welcome to both of you. in chicago, alderman lopez, it's remarkable to see the police stations all over the city now filled with migrants, many of them according to our reports are showing up, they need medical treatment, vomiting, sick, many are families, they have children. but lori lightfoot, the well-known democrat who was leading that city for quite some time, she's raising her hand and saying we cannot take any more. she's declaring a state of emergency. what happens next for that city? >> you know, sandra, that's a very good question because several months ago when the mayor and her socialist allies were saying we need to have an unchecked welcoming city with no restrictions, they were applauding themselves on creating a sanctuary on the lake and now we are at a breaking point, spending $20 million a month to humanely house and assist the individuals who have come here from the borders. and as you see, the police stations are overrun, shuffling them around, district to district

charlie gasparino's been doing some work. >> i think he's talking about the entire system, including the big banks, the jpmorgans, the bank of americas, the citigroups, the banks that hold most of the assets and deposits. liz: he was specifically asked about regionals. >> and he said he thinks they're fine. liz: he said the whole banking system -- >> that's what i'm saying. you've got to look at exactly what he said. the banking system, if you take as a whole, we're not in 2008 territory. no one's betting against that. what they are getting against and they will continue to bet against because, you know, once you see the jpmorgan-first republic deal, you start pricing other assets, other banks of similar size, the regionals and the mid-sized banks. you start pricing that based on that deal. liz: jpmorgan's at its low of the session right now. >> okay. so if you price it at that level, people are are talking about haircuts on all these banks, and they're looking at their assets at 85, 87 cents on the dollar. these are the banks that sold off yesterday, the pac wests. all those mid-siz

. >> charlie gasparino is a fox business correspondent who joins us now. joinlie, thanks soan mucksh for joining me time. should we all be concerned? n wh listen, we have a problemle with regional banks, okay? bank? the big banks, i believe the jp morgan's the bank, america's, probably citigroup, wells fargo, they're well capitalized. >> or diversified. di they do a lot of different a things. but we d o have a problem with the regional banks.rinted and what is the problem?y the problem was we printedn of a ton of money. thospent a ton of money from the federal government. those banks went outs went out on the risk spectrum, e as gamblers always do whene and thve them free money and they invested in risky stuff. they bought they they loadedt -t on capital at the top ofhose the market. when you put those two things t togetherwother, you , you have e in the balance sheet of many of these regional banks. >> that if you're at a regional bank, should you be worried?ould i would say, yes, you shouldyes, be worried. do you ? i would write, but a simple sort of ans