galantas gold has discovered high-grade gold in a world-class district.ully permitted, galantas gold is ready for production. the industry's biggest investors own 60%. visit galantas gold ♪. neil: all right. this doesn't compute to a lot of of people. we had a wholesale report turned out to be bet before. in other words increases are slowing just like they were on the retail front but no benefit for stocks today. didn't help obviously pacwest other regional banks are under pressure but there is this growing fear we could be approaching a debt crisis the longer these talks drag on, closer to what some say could be default. robert kiyosaki has protection ideas for but they're not in stocks. rich dad, poor dad sensation, robert, good to see you. we have a lot of angst and anxiety. build it on the banks, debt talks seem to linger on and on without producing results. people are afraid. they're anxious. what do you make of it all? >> well i don't blame them but i will say something, thank you for 25 years letting me say things that are off the wall but fox shou

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galantas gold has discovered high-grade gold in a world-class district.galantas gold is ready for production. the industry's biggest investors own 60%. visit galantas gold ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ stuart: the song says i'm back. midmidtown manhattan isn't exacy back to work. susan: try running traffic at 8:00 a.m. this morning. difficult still on a friday morning. stuart: last week we told you the subway would no longer tweet service alerts. got it. couldn't afford to pay twitter's new fees. they dropped the fees for governments and publicly-owned services and now the subway is back to tweeting. view san, i want to talk about apple. susan: i want to see you on the l train in manhattan one day. stuart: i have a couple bodyguards. lauren: apple eight month highs for the company and apple reporting only third back-to-back sales drop in a decade and they're gunning for another sales drop this springtime, but appl

galantas gold has discovered high-grade gold in a world-class district., galantas gold is ready for production. the industry's biggest investors own 60%. visit galantas gold charles: so this morning we got this read, first quarter read of labor productivity and we saw a really sharp decline, 2.7%. the consensus was only 2%. here's the thing, within that report is unit labor cost. it soared 6.3%, far above consensus. almost 100% above the fourth quarter. these is a ellis, senior managing director at moffitt davidson, a division of svb security the. lisa, i expect it will tell you reflects strength in the consumer you say is sort of the bed rook of your investment theory, right? >> yeah, that's right. wage growth continues to be strong. it has moderated. that takes a little bit of the edge off of inflation but we're seeing wage growth running 6% year on year for folks staying in their jobs, which keeps up the spending power. exactly what you highlighted that is the key metric keeping the consumer spending strong, you know, fueling the rest of the economy ri

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galantas gold has discovered high-grade gold in a world-class district.tion. the industry's biggest investors own 60%. visit galantas gold stuart: not much of a moving market for stock, the nasdaq is down 41. that's where we are after an hour and 10 minutes of business. elon musk says he's chosen a new ceo of twitter. he will step down from that role in the coming weeks. kelly o'grady with me. tell me more about his successor please. >> reporter: it looks like it will be linda yakarino. she was nbc universal's chairman of advertising at partnerships until a few hours ago when the company announced immediate departures this morning. musk was in talks with her for the top twitter job. musk teased the news in in a tweet and a couple takeaways we can get from this. the choice is a woman starting in six weeks but he's going to remain heavily involved. my role will transition to being executive chair overseeing product software. and that means the new ceo will be responsible for the business side of things and figure out how to monetize the platform and he will

galantas gold has discovered high-grade gold in a world-class district.or production. the industry's biggest investors own 60%. visit galantas gold century lithium is advancing their clayton valley project towards production, with the goal of becoming a domestic lithium producer for the growing electric vehicle market. nevada's lithium is the key to america's green future. century lithium liz: fox market alert. let's take a look at the moment and this , if this could speak, what we have on the screen right now, the dow being down just a fraction, the s&p down 13 points , the nasdaq down 74. it would say "we're waiting." we are waiting for that meeting at the white house at 4:00 p.m. eastern time between house and senate leadership and president biden. we are watching this very closely. the big discussion, let's call it a fight, to razor not to raise the debt ceiling, and the ramifications could be very ugly for the stock market, so let's look at individual names while we're waiting. novavax is soaring off the highs of the earlier part of the session after

galantas gold has discovered high-grade gold in a world-class district.tted, galantas gold is ready for production. the industry's biggest investors own 60%. visit galantas gold neil: all right. bank stocks continue under pressure, pacwest probably more than any other. down about 45% right now. it is a swoon that picked up steam late yesterday. all these banks were holding their own, hot and cold. jeff klinetop joins us, managing director, chief global investment strategist at charles schwab and company. jeff, great to see you. what do you make of this? it seems to be a contagion but a show moving one and built on fears more late lay about depositors who might bolt for big every banks, what do you think is happening here? >> renewed slide began late yesterday as fed chairman powell mentioned. latest senior loan officers survey, that will not be released publicly until may 8th, it gave a little preview, lending continued to grow in q1, pace slowed. bank lending profits that is one of the reasons they're under pressure, main problem they're highlighted toda

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galantas gold has discovered high-grade gold in a world-class district.for production. the industry's biggest investors own 60%. visit galantas gold stuart: peter ducey" white housg illegal migration, was down 90 percent and i think you ashley, kgb was not having what she. guest: [laughter] no, she was not at all and it actually accused "fox news" peter ducey is making, dramatic it can also serve, watch this confrontation. >> you said yesterday, that when he comes to illegal migration, you see me come down more than 90 percent, where did that number come from. >> i was speaking. >> 136,000 people more in the next cavalier so far. >> at the dramatics will come down a little bit i will answer you and dramatics if they need to come down a bit what is dramatic about asking a question. >> will i am going to answer so i was speaking to the pearly programming we have seen the data has shown us that this bond and more than 90 percent. c1 the dramatics well i don't think so. guest: any also asked the press secretary, by the administration is sending 1500 active du

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galantas gold has discovered high-grade gold in a world-class district.ermitted, galantas gold is ready for production. the industry's biggest investors own 60%. visit galantas gold ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ charles: all right, so the presidential ring i've got to tell you he's taken the election cycle by storm. his political agenda which fundamentally reached america but in this case it would re shape america back to its roots, to its ethos that propelled us to greatness i want to brick in 2024 presidential candidate vivek ramaswamy. you know, vivek, eisenhower, his farewell address warned that the unwarranted influence of the military industrial complex and you're warning about this new woke industrial complex explain that. >> so look i think there's a merger, charles of private power and state power to together to now what neither can do on its own that's what the esg movement is all about and a actually a

galantas gold has discovered high-grade gold in a world-class district.vestors own 60%. visit galantas gold liz: fox business alert, we are looking at the markets on this friday with 31 minutes left to trade. not great pictures here, at least at the moment. the dow is down 109 points, the s&p down 20. and the nasdaq down 82. first solar, though, is shining. how about that? brightly shining after announcing it will purchase european thin film e solar tech firm evilar for a deal up to $8 million -- 80 million. 26% to the upside for the stock. the purchase price, $38 million, will be paid at closing and up to an additional $4 # million will be paid if certain milestones are achieved. hay special specialize in a certain type of solar cell that is more efficient than conventional ones. inphase is right behind news corporation topping the s&p 500 there, it's up about 3.7% to $166.75. solar edge gaining 1.7%. we are now hearing names, report that the names which banks might get to participate in the largest ipo of this year, bloomberg saying that goldman sachs,