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maria: hold on john lonski your assessment after numbers.cted reading for wage growth, you are looking at shortening average workweek, that adds up to a very weak reading, on income growth for the month of april, if incomes start to slow prices -- rise briskly a slowdown by real consumer spending by consumer spending, in general as consumer spending fades layoffs will mount. maria: wow. steve. >> going to say that you know if you look at the hourly wage numbers, those are pretty good. but to charles's point the weekly wage numbers are poor, why is that? because people are working less hours. you can't get a full-time chai czech working 20 hours a week, so that is a gain real problems for real americans on main street usa almost like the only workers doing, government workers wages going up, but new report, by the way, came out which is infuriating the good morning government worker getting 40% higher wage in salary than private sector worker hequally skilled, 80% more benefits maria, how is that fair. >> how that is possible julia what do yo

maria: john lonski, jumping, any rate cut is going to be contingent on the disinflation very slowingnding of the u.s. economy and once that happens you may see a series of rate cuts i don't think there will be anything to stop a material climb by the employment rate, shrinkage of job growth and the like. it'll feed onto each other as an appointment begins to rise, consumer spending suffers as it comes in under expectations, companies have more layoffs, et cetera. maria: it is a great point, i'm wondering how much is priced into the market how strong the consumer really is, you're expected to decline a 5% that's going to happen during the cell in may. because of ongoing concerns about evaluation in the geopolitical backdrop, tell us more. >> sorry i didn't get to say hi to john but i appreciate his points. our expectation the fed realizes when they make rate adjustments all they are targeted below the horizon so they have to make the best guess for the coming 9 - 18 months out there. our expectation gdp will be two-point to percent year on year for 2024 and come down to about 2% in 20

also with us is john lonski this morning.versation. >> of course. maria: we've got a nice rally underway. dow industrials in triple digits, gain of almost 300 points, nasdaq up almost 100, on the heels of strong earnings from apple. it wasn't as strong as a lot of people wanted, revenue was down but apple reported earnings after the bell last night. iphone sales falling last quarter, revenue falling last quarter as competition out of china is spiking with huawei and its new phone. the stock nonetheless is up better than 6% on a stock buyback plan. the company announced it is going to buy back $110 billion of its stock. that is the largest buyback in u.s. history. what do you make of that, shelby? >> you know, i think the way to sort of lead off is apple is a great company. i think they've displayed that year over year, decade over decade. that's one of the reasons it's a top holding in our etf. we see that in the fact they've sort of infiltrated if you will most consumer settings and so i think part of the reward that we're s

group founder john lonski, republican strategist jonathan madison and cheryl casone.rnings with maria" is live right now. ♪. maria: time for the hot topic of hour, president tr hush money tl date 15, denying trump's request for a mistrial and a modification of his gag order, that was denied as well trump's team claiming he should be able to defend himself against stormy daniels solution in pre-judicial testimony, trump blasting the judge yesterday again. >> this judge, what he did and his ruling was a disgrace, he is a corrupt judge and totally conflicted and i have to get back into the campaign trail, i'm not supposed to be here, we're so innocent there's never been anything like it, every single legal analyst, i'm innocent and i being held in this court with a corrupt judge who's totally conflicted, take a look at this conflict is a disgrace to the city of new york, to the state of new york into the country. maria: during testimony, daniels claiming part of the reason that she entered a nondisclosure agreement was for her own safety but she was happy to take the mon

group founder john lonski, minority leader joe borelli and fox business cheryl casone, "mornings witharia" is live right now. >> former president trump found guilty on all 34 counts against him yesterday in the new york city trial, fox business hilary vaughn is live from capitol hill with more on how lawmakers are reacting to the verdict. >> good morning republicans are valley and around former president trump the guilty verdict is unifying his base, republicans on capitol hill say the verdict was not about justice or the law but election interference trying to lock up president biden's political opponent. >> the judge will do sentencing on july 114 days before the national convention in milwaukee, if you thought that the democrats were playing politics, you got it right here, democrat you better check them now, people will see this for what it is this is political prosecution. >> the republican saying it's time to fight back. congressman mike collins saying for the ag's and das to get busy. democrats are dancing out the news trump was found guilty, jamaal bowman posted a video of him

he was alone here in the cold light, according to his friend fyodor. with whom they lived at the lonskyss changed his appearance, his hair has become curled and dark, he tells his sister sonechka about this, and he has grown a mustache, a beard , he already looked like a completely different person, but nevertheless he attended... receptions, balls, once the lanskys gave a ball in their house, and the heated poet ran into his outbuilding, without even throwing chenille over his shoulders, he was in a fever, he fell ill, seriously ill, and uh, as fyodor khomyakov says , he was dreaming everything poetry, he either muttered them, or wrote, constantly wrote his own poems, and it seemed that in 24 hours of the day he did not have a free minute, he was busy all the time. he composed a diary and was in a hurry to write, thereby he was in a hurry to live, but he had very little time to live, and here again we remember that story, that legend, that prophecy about the ring, to which we return again in it, when dmitry became completely bad, he bequeathed in his poetic message to his friends that..

monica crowley, john lonski, cheryl casone first great to talk with you all this morning. >> thank youomorrow. target earning. maria: cheryl, that's going to be one, certainly, that that markets focus on, right in. >> oh, yeah. maria: all right. we'll have it here live, target and the preview for nvidia. thanks, everybody, "varney & company" picks it up now. stu, take it away. stuart: good morning, maria. good morning, everyone. let there be no doubt, donald trump's criminal trial in ne

joining the conversation lavon ski group founder and president john lonski, bush 43 white house officialley davis and cheryl casone. "mornings with maria" is live right now. maria: it's time for the hot topic of the hour police arresting 30 anti-israel protesters at portland state university yesterday clearing them out of the library that they took over for multiple days. a massive cleanup underway on ucla campus were anti-israel protesters trashed and vandalize facilities leaving garbage and graffiti behind before police reach the encampment and arrest more than 200 demonstrators yesterday. after ten days without an on camera statement about the chaos president by the finally commented on the protest yesterday. >> moments like this are those who rush and to score political points. but this is in a moment for politics, there should be no place on any campus, no place in america for anti-semitism or threats of violence against jewish students whether it's anti-semitism, from a phobia or discrimination against arab-americans or palestinian americans. through destroying property is not a pe

ebbing with which equity tradingstrategy, sec stun lonski.y's and a lowe's out with first quarter numbers. lowe's beat estimates even as they said do it yourself customers bought fewer pricey items, stock is up almost 3%. macy's beat on earnings, missed on revenue. the stock is up right now. the company said it's seeing early signs of moment momentum e turnaround strategy. we're looking at target and tjx tomorrow. the big story is nvidia after the bell tomorrow night, the ceo said the partnership with dell will spread artificial inthe intelligence to a wider range of customers. i'm reading a note from thomas lee. he said it's arguably an understatement to say nvidia is one of the most important companies in the world given chips are central to powering a.i. he said usually people think once the news is out the stock sells off a. they're expecting a post rally after eps on wednesday night. we think probabilities favor a rise in nvidia stock price post earnings wednesday. even with the lofty expectations, your thoughts on what to expect from nv

monica crowley, john lonski, cheryl casone first great to talk with you all this morning. >> thank you. >> thank you. >> thank you, maria. >> target tomorrow. target earning. maria: cheryl, that's going to be one, certainly, that that markets focus on, right in. >> oh, yeah. maria: all right. we'll have it here live, target and the preview for nvidia. thanks, everybody, "varney & company" picks it up now. stu, take it away. stuart: good morning, maria. good morning, everyone. let there be no doubt, donald trump's criminal trial in new york dominates politics. biden's trying the put his opponent in prison. republicans show up in force to say what trump can't say because of the gag order. well, today the trial moves into its final days. robert costello back as a witness, a defense witness. monday the judge furiously tore into him for rolling his eyes. we'll try to the figure out how the trial plays out in the middle of a presidential campaign. let's get to the markets, and we're starting the day with bitcoin. just look at it. that's a rally, $71,000 and climbing. that's bitcoin. etherium

also with us is john lonski this morning.t to thank you for joining the conversation this morning on this unare precedented day. john, i want to kick things off with you, looking at a market extending losses this morning after a new york jury found former president trump guilt on all 34 counts yesterday in the new york trial. the dow industrials down 35, nasdaq down 75 on top of triple digit losses yesterday. this makes president trump the first former u.s. president to be convicted of a crime. john, your reaction. >> well, you know, it tells us just how highly politicized the judicial system has become and of course this adds to risk for businesses that have to interact with the law, with the judicial system. this may have some implications for future merger and acquisition activity, for instance. beyond that, i don't see much of a problem. this cannot be good for the markets, it's not good for the economy, at a time where it appear as though the economy is losing momentum. maria: we'll get inflation data out this morning. i

julia pollack, steve moore, joe lavorgna, john lonski, cheryl casone, we so appreciate it. have a fantastic weekend, everybody. i will see you tonight on maria bart row -- bart with row me's "wall street" tonight, right here, 7 p.m. eastern. "varney & company" picks it up now. stuart: good morning, everyone. the numbers are in and, yes, the markets are, indeed, reacting. looked at this, 175,000 jobs added to the economy in april. that is far fewer than the 700,000 plus -- 300,000 plus we saw in march. the jobless rate want up to 3.9%. now, this is a weaker performance than expected, and everybody wants to know what this does to the federal reserve's interest rate strategy. here's what it's doing to the market which was higher before the numbers were released, now it's the much higher. dow industrials, let's see, what have we got -- sorry, let's deal with or -- i'm going to deal with apple in a a minute. look at the futures first of all. we're up 477 points on the dow, 56 points for the s&p and the nasdaq roaring ahead by 270 points, that's 1.5% for the nasdaq. big gain righ