hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualitycross the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. title 42 expires at midnight tonight, tens of thousands, if not hundreds of thousands of migrant on the other side of the border waiting to walk across. carolyn is in texas on the side of the border. is he getting tense down there? it ought to be. >> definitely getting crowded. take a look around, folks here 800 to 1000 migrants was able to find a place in a shelter so they've taken right cross, plagues, tarps and turn them into tents outside the catholic church. the numbers are down from yesterday things to stepped up enforcement by agents. migrants are waiting for tomorrow night when title 42 expires. title 42 is the covid policy put in place in 2020 allowing for or officials to expel migrants without processing their seven names. 2.7 million migrants have been turned away under

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityicipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. stuart: border patrol agents released thousands of americans without a court date and that was in one day. matt feehan in el paso, texas joins us now. does the administration want more of these releases? >> the biden administration is in a legal battle appealing a federal judge ruling who prohibits migrants from being released unless they have a court date. the by demonstration wants to release as many as possible under its policy which would release a migrant on the honor policy. the biden administration is arguing in part there is too many migrants to properly process and we are now getting a clearer picture of how many migrants per day at the white house is willing to release without court dates. court documents reportedly revealed dhs released 6000 migrants

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityrom across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-286-4286. that's 1-800-286-4286. and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com caroline: can view has begun his trading as an independent company from j and j. tylenol, band-aid, it's all up for grabs. it looks as if there is some interest in the stock after a drought in the world of public offerings. ed: the shares opened at $25.53 a share. 3.8 billion raised in the ipo. this is johnson & johnson consumer health business. this is the one we have been waiting for. a little bit of activity in the ipo market. caroline: goldman sachs, bank of america is leading the charge on this ipo front. they have been sued over --i use tyle

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-286-4286. that's 1-800-286-4286. at allspring, we break away with purpose. harnessing data-driven insights and boundless curiosity. we dissect the market from every angle. helping to build portfolios that redefine what's possible. because investing isn't one size fits all. allspring. purposefully divergent. >> this is bloomberg markets. i'm simone foxman live in the principal room. the chicago fed president joins at 2:30 p.m. new york time. omberg. keeping you up to date with news from around the world. ukraine says its air defense system defeated what it called an exceptional russian missile blitz overnight. the attacks included six hypersonic missiles aimed at the capital city of kyiv. global oil demand will rise more than expected this year because of china's post-pandemic rebound according to the international ene

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityunicipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-286-4286. that's 1-800-286-4286. when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh alix: -- we will get the data in four hours. emily rowland, john hancock investment management chief investment strategist, do we have one, do we have signs of one? emily: we will know more later today. but some of the data is not showing a deterioration in bank lending. loans are off for the fourth straight week at commercial banks. we are seeing a normalization in terms of trends and deposit -- deposit flows in banks and bond spreads acting contained, well under 100 basis points, the longer term average. some of the most recent data suggests we are not there yet. dani: how much is the story of a bond market cut -- 225 basi

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. ♪ stuart: just for you, lauren. you don't remember but it was quite a song. sixty years ago. how old are you? [laughter] >> i didn't realize elvis didn't sing this originally. i'm confused with right of us his reno. stuart: i was later, 76 degrees. a nice day. check futures, 13 minutes to go, market opens some red ink. special counsel investigating trump's handling of classified documents could be wrapping up. >> this could happen soon and this is one of the criminal once so pay attention, jack smith special counsel finish attending testimony and other evidence whether he mishandled classified documents tomorrow longer. familiar with the medical symptoms close associates, reportedly bracing or indictment and anticipate be able to fund raise our prosecution. as a k

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityountry. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-286-4286. that's 1-800-286-4286. but by the third or fourth cup, your stomach might not feel so good. if that sounds like you replace your afternoon cup with 5-hour energy. it's perfect for when you're feeling coffeed-out. coffee in the morning... 5-hour energy after. your stomach will thank you. discover 5-hour energy. ♪♪ >> this is bloomberg markets. i am simone foxman, live in the principal room. coming up, it's holy ceo joins bloomberg at 3:00 p.m. new york time. this is bloomberg. keeping up-to-date with news from around the world, here is the first word, i am simone foxman. bloomberg learned the european union is discussing a new sanctions mechanism that would target third world countries it believes is not doing enough to stop russia. a table go to -- meanwhile, ukraine is demanding a complete effort to punish russia

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualitye potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. stuart: apple is growing strong, favorable jobs report early this morning and the market has momentum. regional bank stocks are calming down. dow is up 430, nasdaq is up 200 points. we've got to show you something truly shocking. a fight between a transgender student and classmate in california. what are students saying about that. lauren: confirming the mental confusion of the trans female student, putting their safety in jeopardy. >> it was infuriating when i had seen the video on social media but this man isn't has been using the women's restroom and locker room. the question we must address is why are we affirming the mental confusion of this boy and putting the safety of women in jeopardy by allowing mentally confused men to use women's spaces. lauren: that was powerful and passionate. this was mlk high schoo

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityicipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-763-2763. that's 1-800-763-2763. - "best thing i've ever done." that's what freddie told me. - it was the best thing i've ever done, and- - really? - yes, without a doubt! - i don't have any anxiety about money anymore. - great people. different people, that's for sure, and all of them had different reasons for getting a reverse mortgage, but you know what, they all felt the same about two things: they all loved their home, and they all wanted to stay in that home. - [announcer] if you're 62 or older and own your home, you could access your equity to improve your lifestyle. a reverse mortgage loan eliminates your monthly mortgage payments and puts tax-free cash in your pocket. call the number on your screen. - why don't you call aag... and find out what a reverse mortgage can mean for you? - [a

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. ♪ >> brian at st. paul minnesota, we are playing monies to tight to mention by simply read because, you know the reason, the white house getting questioned how the debt ceiling will and fresh inflation and does it in flesh address inflation? edward, good to see you, are you getting an official answer to this inflation question? >> the administration is being vague about the dirty nine letter word. we haven't heard a lot the past two weeks about inflation from the president or the readings but inflation is slightly moving up in the latest data and thus the fed's preferred data, pce inflation so because of that, the market sees about 64% chance will see another 25 basis points hike. still this is how long the director and summary question about the debt ceiling and in

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualitytry. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. stuart: inflation at the consumer level is running outta 4.9% clip down slightly from the 5% clip reported in march. not much reaction in the market, the dow was down close to 200 points despite favorable inflation news. check the border. title 42 expires tomorrow. troy nels, republican from texas, joined me now. 10,000 crossed on monday, 10,000 crossed on tuesday, 1,000,000 are about to cross. what will happen at the border? >> what we've seen in the past 21/2 years, absolute chaos and dysfunction all by design by this administration. when everyone is talking about the end of title 42 tomorrow, what message does that send people across the globe? they are ending title 42, you can enter the border anytime you want and we say tens of thousands of people migrating to the southern border because o

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-763-2763. that's 1-800-763-2763. sam was 8 when we got him. i convinced my husband to go to the adoption day and we saw sam. he did not bark for like a month after we got him. and then one day he went “woof.” i was like, “you can talk!” advice to dog owners? feed them good food, take them on walks, let them stop and sniff, play with them, love on them as much as possible... because even if sam lives to 20, it won't be long enough. what if there was a community of like minded people ready to support you when you need it most? christian healthcare ministries is an organization with over 40 years of trusted care who understands the importance of family. a group that sees you for who you are regardless of your health history. offering affordable healthcare cost solutions that could save you up to 40% on your h

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-286-4286. that's 1-800-286-4286. simone: this is bloomberg markets. coming up arizona senator kyrsten sinema joins bloomberg tv 2:30 p.m. new york time area thiis number. -- this is bloomberg. alix: back to the breaking news from earlier in the hour the equity residential founder samuel zell has died at 81. we get more from our reporter. anyone in media loves him he was outspoken on my feisty, interesting area do we know what happened? >> we do not know. the company put out the release saying he passed away at the age of state -- a -- age of 81 and the founder and chairman of equity residential will be taking over. we know that was one of the big reasons this individual was still known as the leader not just in the real estate business but the publicly listed real estate business. a pioneer of an i

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. >> for the left, gender is meaningless. forget being a man or a woman. now you can just be a wolf a toaster oven even gender outlaw if that's what your heart desires. no one can tell you differently. if you do ask questions you are labeled transphobic, a racist the left can't even define what a woman is anyway. so if these are the new rules, republicans are going to have a little fun with this. meet ryan webb, a straight white councilman from delaware county indiana who just announced he identifies as a woman. not just any woman. ryan has searched his soul and found out he is a woman of color and since he is still attracted to females, that means is he also a lesbian. so he shatters. and he took to facebook saying the move it has come to my attention that i am more than

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityey provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. >> jesse: crime here in new york is out of control. shoplifting is probably the worst. business owners are on the front lines. they have no help from the city. and they are angry. >> having to deal with shoplifting is the hardest thing because the challenges, your job vs. your safety. >> people come in store, they grab, you know, stuff. >> jesse: you can't keep this going. new york city is probably seen 50% jump in theft this year. but instead of locking criminals up, they are letting them run wild. >> in 2022, we made over 22,000 retail theft arrests. 327 people were responsible for the 22,000 arrests and, remember, those arrests, not actions. many of them did the theft and got away with it. those 327 individuals were arrested more than 6600 times for an average of 20 times each. >> jesse: all right.

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-286-4286. that's 1-800-286-4286. you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh remember college? ♪ 5-hour energy got you through then... ♪ and now? ♪ we'll get you through again. ♪ rediscover 5-hour energy. >> i'm live in the principal room. coming the guggenheim securities cochairman joins at 1:30 p.m. new york time. this is bloomberg. keeping you up today with news from the world, here's the first word. mitch mcconnell warns he has no secret plan to solve the debt limit deadlock. congressional leaders meet today with president biden. mcconnell says he told the president it was up to him and house speaker kevin mccarthy to find a solution. at the same time mcconnell predicts the two sides will reach a deal and avoid a default. vladimir putin vowed to prison -- resume his

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityhe potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. stuart: new york city's summer tourist season is weeks away but thousands of migrants philip many of the city's hotel rooms. this can't be good. hotel rooms half full, this can't be good for tourism? >> we have 40,000 asylum-seekers and expecting more, the humanitarian crisis is just proof of what happens when the utopianism of a sanctuary city bumps against reality. blue what are we going to cut oarsmen half? lauren: a lot of hotels that have been closed or compromised during covid, this is taking back some of those but with more people pouring it will have to bleed into important tourist destinations. stuart: the word gets out, you smell a lot of weed and a lot of crazies, the word gets out and you don't like it. >> we are considering housing people in prisons which is a terrible place to be in the city. stuart

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. >> president biden promised to be america's uniter in chief. we heard him repeat it time and time again during his 2020 campaign and first took office. the president is once again facing fierce backlash for making divisive comments sending this message to the graduating class at a historically black school, howard university, over the weekend. >> stand up against the poison of supremacy as the most dangerous to our homeland as white supremacy. i'm not saying this because i am at a black hbcu, i say wherever i go. >> the most dangerous terrorist threat. >> he needs the numbers to back that up. so, we were looking at this issue today. and, you know, one of the problems with this is that he thinks because he is in front of a black audience that he can just say

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityunicipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-286-4286. that's 1-800-286-4286. ♪ (upbeat music) ♪ ( ♪♪ ) woah. ( ♪♪ ) ( ♪♪ ) ( ♪♪ ) ( ♪♪ ) constant contact delivers the marketing tools your small business needs to keep up, excel, and grow. constant contact. helping the small stand tall. matt: this is bloomberg markets. i am matt miller. a meeting between president biden and congressional leaders did not provide clues to an end game for debt negotiation. another meeting is set for friday. let's get back to katie greifeld and see how this is impacting treasuries. katie: this chart shows the wall of worries that is emerging in this chart. you are looking at one month t-bill yields encompasses the so-called x date that janet yellen warned. t-bill one mother yields have skyrocketed the past couple weeks. right now, they are about 5.5%. if you

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityerally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. stuart: climate czar john kerry, he's going after the farmers because farms emit too much greenhouse gas. jeff flock, well, he's at a farm in new jersey. all right, jeff, tell us all what kerry wants to do to the farmers. >> reporter: i don't know, i have at times been accuse of emitting too much greenhouse gases myself, but you're watching the farm in action right here. this is long valley, pennsylvania. you're watching planting going on right here. [laughter] i've got a fifth generation farmer standing with me here, nicole. your folks came to this part of the country in 2016. john kerry says you're not green enough. what's he want from you? >> i think agriculture is very green, and as farmers we're most invested in keeping the land sustainable, keeping it viable for future generations, and everything we do is, you know, environmentally -- that that's a

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityross the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-376-4376. that's 1-800-376-4376. a third kid. what if she likes playing golf? it's expensive. we're outlawing golf. wait. can i still play? since we work with emower, we don't have to worry about planning for a third kid. you can still play golf... sometimes. take control of your financial future to empower what's next. >>> we asked is the market too reliant on mega tech cap performance? the majority saying yes. in fact, the market is 79%. up next zoom reporting results in just a few minutes in overtime the key metrics to watch when those numbers hit the tape top banking analyst mike mayo joins us to break down jpmorgan's investor day. we'll take you inside the market zone ♪ (upbeat music) ♪ ( ♪♪ ) ( ♪♪ ) ( ♪♪ ) -awww. -awww. -awww. -nope. ( ♪♪ ) constant contact delivers the marketing tools your small business ne

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. stuart: newsom's california reparation panel is a disaster. all black americans should reject it. kenneth blackwell wrote that and he's the former mayor of cincinnati and joins me now. your honor, why should black americans reject reparations? >> first, it is patently silly and socially unjust for the same left leaning forces that claim a school child can make up his or her mind that they are something other than what they were born sexually or gender wise and now saying every black person in america deserves a million dollars or more. can you panel, stuart, how many people will claim that they're black? if in fact you can determine you were born male but you claim to be female, what will stop a lot of folks in what is the most diverse country on the face of the earth cla

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. ashley: all right. take a look at the markets quickly for you. we're down slightly, down a quarter of a percent on the dow. s&p and nasdaq also down a 10th or two, all very muted at this point. i want you to take a look at this video. it shows hundreds of migrants lining up in brownsville, texas after crossing the border illegally. what are they waiting for? they're wait for title 42 officially end on thursday. bill melugin at the border with the very latest. bill. >> reporter: ashley, good morning to you. the numbers are already starting to explode. border patrol says last week alone they made more than 54,000 migrant apprehensions. that is almostthousand every single day. the surge is continuing here in brownsville. we'll go back to the video you were showing. stunn

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-376-4376. that's 1-800-376-4376. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. asking the right question whose resumes on indeed match your job criteria. can greatly impact your future. - are, are you qualified to do this? - what? - especially when it comes to your finances. - are you a certified financial planner™? - i'm a cfp® professional. - cfp® professionals are committed to acting in your best interest. that's why it's gotta be a cfp®. it's the end of the road dom. boom. this is your last ride. your pain has just begun. >>> over the months we have talked about the race to create gr

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityss the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. stuart: pennsylvania is about to become the first state to require insurance coverage of 3d mammograms at no cost to women. gerri willis is here. personal story for you. >> it is, yes. stuart: what else will be at no cost? >> mris, ultrasounds but for women who are predisposed to cancer. let me explain. so governor josh shapiro today expected to sign into law a bill that would allow these tests that are expensive for women, forgo them because of the costs. now we'll find that these 3d mammograms will be free-for-all women and that's not all. mris, ultrasound, genetic testing, as well as counseling will be covered by insurance companies for everybody considered high-risk according terms of the bill. this is not first in the nation. this was created by breast cancer survivor, senate pr

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityss the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. ♪. charles: hurt so once in a century pandemic ended up having a record amount of cash poor into society, right? we wanted to combat the economic effects of the pandemic. of course shutting everything down, silicon valley, wall street, they were watching all of this. it was their generational moment to make a ton of money. 1000, more than 1000 companies went public. almost everyone of them at ripoff valuations. take a look at this. this is the end of 2021. we already seen where the ipos are starting to come down really, really hard, really fast. 34% of them coming down really hard. this is a article in december of 2021 that sort of outlined hey, we're in trouble. guess what, though? this line kept going. for a lot of companies it is still going. one of them is lucent. lucent reported

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityountry. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. neil: we have a "fox business alert." meta getting slapped with a record $1.3 billion fine for violating eu privacy rules but apparently as you can see it's not hurting the stock. susan li is here with me. you would think 1.3 billion would cause a drop in the stock but is it didn't happen. >> reporter: at end of the day, $1.3 billion, it is money, meta, we know tech companies have a lot of it. the eu ruled that facebook and zuckerberg were illegally sending back eu user data back across the atlantic to be stored on u.s. servers which the eu alleges is vulnerable to u.s. spying. meta says the ruling will ultimately hurt the users using facebook on the continent. without the ability to transfer data across borders internet risks being carved up into national, regional silos, restricting the gl

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-763-2763. that's 1-800-763-2763. neil: i don't know what it is about banking sites, sybil, one day extremes, very source the next. regional ones under enormous pressure yesterday, some falling 20, 30% or more coming back. maybe nothing to worry about. probably is a bit premature. bill hagerty, tennessee republican senator, sifts on foreign relations committee, appropriations committee, senate banking, looking into the whole phenomenon with banks, where they stand. senator, always great seeing you. a bit of a reprieve for a lot of banks when it comes to the market, how they're being treated today. i learned not to you know, say that gains traction here because always a little surprise that comes. what do you think? >> well i, i'm with you, neil. i lived through the leisure suit era like you did. neil: i

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityuntry. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. stuart: the irs wants to develop its own electronic tax filing system out the progressive love this one, jerry willis is with us one of about it. guest: vacated, this comes from your favorite person in the world, senator elizabeth warren of course in everybody's favorite tax accountant and listen to this, proposal to allow the irs to operate its own free online tax preparation system getting serious pushback from republicans and tax professionals who say, such a program could be a conflict of interest listen. >> with the doing is they're going to create a huge mess for the taxpayers in the primary reason for that them as if the irs is doing your taxes for you, there's huge conflict of interest problems and they're going to maximize the amount of money goes on to you, but back to the irs. gues

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityl bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. ♪ and i'm proud to be an american whether at least i know i'm free ♪ stuart: you know, i really like that song. i love it, actually it's lee greenwood and the classic "god bless the usa." lee was on the program, sang it for us live. what a great performance it was. yes, of course, it is the memorial day weekend. we're heading into it. got it. on the futures market this morning, 13 minutes before we open trading, the dow's up 50, the nasdaq's up 50. and we're hearing that the white house and speaker mccarthy are close to the finalizing a deal on department. edward lawrence at the white house. look, if we're on the cusp of finalizing a deal, why is the president heading out of town for the weekend? >> reporter: yeah, we're getting close. you know, not quite there yet b

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityicipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. charles: my next guest published a research note titled three ifs. let's bring in economic research neil dutta the economy is holding up right now. is that implying a short-lived moment, we'll not be holding up much longer? >> no, i think the economy will be holding up just fine over the course of the year. new home sales, charles, which was released earlier this week, that is at a one-year high. you typically don't see recession with new home sales rising, okay? new home sales represent signed contracts. so you sign a contract on a house. then builders go out and make the home that means you get more construction spending. then what happens? well then people move in. and then what do they do? they go out and buy more stuff. so, you know, housing, remember all t

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. ♪. neil: follow the money, right? we're not talking about the stock market. you probably don't want to follow that today if you're long these markets. if you're short maybe you do, you don't care. talking about following money making its way to various campaigns. what is interesting is, even though looks like donald trump has all the edge right now leading by far candidate for the republican nomination, how to explain the money being raised by two other candidates who formerly had not entered the race, at least not yet, talking about ron desantis who raises already over $100 million and tim scott, the republican south carolina senator has more than $20 million already raised. so what to make of that, whether this could be something we have to keep an eye on? forget about

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityountry. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. charles: so earnings season we're in the final stretch, and there is still a lot of compelling names on deck. i want to bring in cleo managing director sarah koontz. before we get into key names releasing results, i want your thoughts about a.i. we're talking about it. you're a silicon valley person. you watch this, you understand it as well as anyone else. you're taking a low valuation approach. i put on the screen, the two big winners, nvidia, microsoft, 63 times forward p-e ratio, 2times forward p-e ratio. you would rather go for the 19 times and 16 times, right? >> i think these ratios are getting crazy, right? nvidia has done an amazing job through covid and now with the a.i. boom. it is a solid company, it is a good company but it has some huge shoes to grow into right now so i'm looki

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. ♪. >> i think things brogue at the border, sir? president biden: much better, much better than you all expected [laughter] of the. >> do you have any plans to visit the border? president biden: pardon me? >> do you have any plans to chris it the border? president biden: not near term. it would be disruptive. not anything else. neil: president ribbing journalists who thought there would be all sorts of calamity. in last 72 hours better than thought right now. how long that remains the case is anyone's guess. guys on the front line should know, jonathan lion's, yuma county supervisor. very good to have you. how do you see this all sorting out in the days and weeks ahead? can you hear us, jonathan? okay. bottom line, is they're not really, thinking that this holds permanently. the fact of the matter did, w

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityy provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. stuart: the government is flooded with applications from americans to sponsor migrants. ash? you've got the numbers on this one. it's a big deal, right? ashley: yeah, it is a big deal, with some big numbers. the u.s. received more than 1.5 million requests from individuals hoping to sponsor migrants and that's just from four countries. cuba, haiti, nicaragus, and venezuela. according to cbs news that flood of applications has overwhelmed case workers at the u.s. citizenship and immigration services which can approve no more than 30,000 arrivals under the program each month, but the agency receiving an average of nearly 12,000 applications everyday. american citizens, residents and others in the u.s. with illegal immigration status are eligible to sponsor migrants as long as they agree to financially su

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-763-2763. that's 1-800-763-2763. the chase ink business premier card is made for people like sam who make...? ...everyday products... ...designed smarter. like a smart coffee grinder - that orders fresh beans for you. oh, genius! for more breakthroughs like that... ...i need a breakthrough card... like ours! with 2.5% cash back on purchases of $5,000 or more... plus unlimited 2% cash back on all other purchases! and with greater spending potential, sam can keep making smart ideas... ...a brilliant reality! the ink business premier card from chase for business. make more of what's yours. charles: all right, folks, the debt negotiations, the debt ceiling negotiations they continue. but here's the thing, the clock is ticking, right? it is getting close. makes you wish they started sooner, but the white hous

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. >> president biden is laying down a welcome mat to people across the entire border saying the united states border is open. >> we want a border and at the same time do it in compassionate way. >> we have to correct the lies that smu smugglers tell migrant. they tell them they can stay and that's false. >> moving 50,000 a month on average under title 42 guess what? on thursday that stance. they will put everyone in title 8 removal proceedings which means they are going to release them into american communities. that all happens thursday as title 42 fires. ortiz putting out updates to folks along the border. 10:52; 26382 apprehensions about 7,400 got-aways. 164 pounds of marijuana, 83 pounds of meth. 66 pounds of cocaine. 11 pounds of fentanyl. five pounds of heroin. $12,200 seized. one firearm, thre

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityl bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. ashley: now this. oklahoma is banning 13 banks from doing business in the state after a review found that those institutions engaged in woke energy boycotts. interesting. kevin stit, the governor of oklahoma joins us this morning. governor, good morning to you. this ban impacts major institutions like blackrock, wells fargo, jpmorgan. is this a little bit like cutting off your nose despite your face? does this hurt the state at all? give me your thinking. >> oh, not at all. i mean, it's real, real simple. just don't boycott oil & gas. that's all we're trying to say. we're going to review this list every 90 days and i'm the governor of oklahoma. i'm going to protect our oil & gas industry. i'm going to protect the approach in our state, and then our pension fund. some

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. ♪ liz: can we put up shares of pacwest right now? and an intraday would be helpful because they are heading back down to session lows. pacwest down 5%. this, of course, the california regional. it dropped 23% yesterday. is this short selling or a real fear flight? and will sec chair gary gensler take his advice? >> jamie dimon's advice. liz: did i miss that? i know what jamie said but -- >> well, jamie dimon today is the latest ceo and, i guess, major player to come out and be for a short-selling ban on regional stocks. regional bank stocks. we should point out during the financial crisis bank stocks, you could not short certain bank stocks, particularly the main, big company bank stock, the jpmorgans, the bank of americas. they were just bailing out the financial system back then, they thought a short-selling ban would add some stability to the markets and is j

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality.. are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. liz: shares of activist investor carl icahn company, icahn enterprises falling nearly 15% at this hour, following a allocation made by hindenburg research that it used ponzi like infrastructures. bill ackman weighing in on the accusation. what is it like inside of icahn enterprises right now, charlie? >> i should point out at the top, i put a call into carl's assistant, no comment. called carl's residence he thought maybe he might pick up. i haven't heard back. these are my sources that purport to know what is going inside of icahn enterprises. it is owned 88% by carl. there is public float. the guy says carl borrow es against his holdings. sells issue of dividend. he takes the dividend. at some point if he is not performing that ponzi scheme, alleged ponzi scheme would end. carl would say this is a lie by a short seller. he has put out some br

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityhey provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. ashley: take a look at this. open.ai and the robotics company have teed up to create this humanoid robot. come in, lauren. that looks, well, pretty creepy. what is it supposed to do? lauren: mimic you and me, ashley so open.ai focused on large language models and chat bots, steering clear of mechanical ai, robots, right? until now. so, they've teamed up with a company called "figure" founded by brett adcock, who also founded archer aviation, behind the air taxi that we've spoken about many times, and they've now hired almost 50 high profile engineers. so, they decided to make an ai robot, i always thought it be like big and threatening kind of, you know, i'd imagine in a movie but someone slender, who could look like a human, and maneuver in tight spaces, to work with us, maybe replace us in the work

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. liz: all right, now the dow is down only 16 points. now that a house vote to raise the debt ceiling could come as soon as next week, the administration is expected to turn its attention back to the issue that sparked the debt debate in the very first place. that be the budget. democrats have a number of spending agendas on the bill including a proposal to save billions by lowering drug prices , but lower prescription costs could be a problem for a company like teva pharmaceuticals where the number one priority of the generic drugmaker right now is growth. ceo richard francis just finished laying out his pivot to growth strategy and he's joining us live now from the new york stock exchange. great to have you, richard. investors appear to like your message. the stock is

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualitys the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. neil: $240 million it says donald trump will not be the republican nominee. i want to go to julia manchester, "the hill" national politics reporter. julia, back of the napkin math of my head here, include money for ron desantis, tim scott, nick did i haley, $240 million committed to those candidates not one donald j. trump. that doesn't mean he or she with the most money wins but what do you make of that alternative fund-raising haul? >> look with the alternative fund-raising haul means all of these candidates, particularly tim scott, nikki haley, tim scott in particular is a very, very good fund-raiser, they have an uphill to climb and they have staunch, stiff competition i should say from donald trump because not only does donald trump have this incredible financial war chest but he

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-376-4376. that's 1-800-376-4376. >>> welcome back 40 minutes to go in the tratding day. a big day at that. 600 points for the dow, and let's get a look at the top stocks to watch. christie in a is here with that. chr chri kri kristina >> we saw quarter one revenues grow surging 15% today, and i talked with the cfo yesterday she said this was a turning point. it was a rally in crypto prices and cost-cutting analysts seemed to be cautious given the s.e.c. has given warning it might sue coinbase. monolithic power is giving a beat on the top and bottom line. that has a number of analysts cutting their price on the stock, and sharing the components heading for their worst day since march, 2020. you can see the stock is down over 10% scott? >> kristina, thank you berkshire hathaway's meeting kick

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. liz: we've got this fox business alert. we already know that the markets are betting heavily on the federal reserve pausing its interest rate hike cycle at the june meeting, the next one, but i don't know. can we punch up the very latest fed funds predictions for first july. okay, futures market now sees about a 40% chance for a quarter point hike, sorry quarter point cut in july, but when you flip it to september, and that meeting, 28% of the nearly 80% who think we will see a second cut after july, are betting it will be a 50 basis points cut so half a percent much bigger, but minneapolis federal reserve bank president neil cashkari dumping cold gatorade on that idea today a voting member said inflation is too high and "i am now on the more hawkish end of

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. liz: you gotta look at draftkings year to the date. it has gotten a royal boost, up 110 is %. the online sports betting industry here in the u.s. overall has totally exploded, last year it generated $7.a 5 billion in revenue and is expected to balloon to $23.2 billion by 2030. the company that verifies each of the billions of transactions -- yeah, the bents -- it's called geocomply it's quietly become the sports betting verification business. it analyzes and certifies users and where they are in the state where sports betting is legal to the make sure that it's legal, and they do so by tracking wi-fi signals. gps and cell tower data before a wager can be accepted. geocomply counts just about every name in the gambling sector as a customers. -- customer. caesars, g

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityountry. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. liz: i was showing you disney earlier? the stock is up 3.25% as the buzz around disney-marvel studios guardians of the imlax city volume 3 more like a scream than a buzz. it officially bursts onto u.s. silver screens today, but last night's previews earned $17.5 million, that is a best for this franchise. no caught amc and cinemark eagerly await the weekend numbers, both reported first quarter results today. amc shares, unchanged at the moment after beating revenue estimates. cine mark reported a loss of 3 cents per share. that is actually a huge improvement from last year's loss of 62 cents per share. but between the writers' strike and talk of a shallow recession coming, can the recovery roar ahead? let's ask the ceo of cinemark in a fox business exclusive, to the breaking news, sean gambl

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. >> mike: a north korean reported space launch vehicle supposedly caring first satellite into orbit has disappeared from radar. such a launch would be a violation of u.n. security council resolutions. north korea says spaced based reconnaissance is crucial for monitoring what it calls reckless u.s. military exercises with south korea. china is becoming more aggressive in its space program one day after announcing its intention to land astronauts on the moon within seven years. it has september a new crew to its space station. correspondent alex hogan has our report. >> china's ambitious space program sending a civilian, an academic to orbit along with two other astronauts. chinese officials calling that brand new combination to further research. >> this means that we'll be taking on more complex, more demanding and more difficult tasks. >> the it succ

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qualityonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-763-2763. that's 1-800-763-2763. ♪ (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. liz: meta platforms hitting a 52-week high earlier today despite european union regulators fining the facebook parent a record $1.3 billion. the european data protection board says meta violated laws by transferring personal data of facebook users to servers in the united states saying it's not sufficiently protected from american spy agencies. susan li, give us more on global fight to regulate how data moves across borders. >> well, i think it's obvious that the e.u. wants facebook and mark zuckerberg to to continue to pay up, and they're alleging meta is sending user data illegally across th

hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. neil: all right, there's a bipartisan pile-on on these new mortgage rules that give breaks to those with lower credit scores. some say at the expense of those with higher credit scores, stacey garety the pennsylvania treasurer among some 27 states leading this pushback against these rules. the treasurer kind enough to join us now. very good to have you. >> thanks for having me, neil. neil: tell us what bugs you most about this and why you want to put a stop to it? >> yeah, so it's just another example of the biden and his administration, president biden, chipping away at the american dream. they are hurting people who play by the rules with these new mortgage fees, just like they are trying to hurt people who play by the rules with student loans. neil: so the white house co