College chaos is not over. There was mores disruption in new york, police cleared the campus at the Fashion Institute of technology. Con frontation at George Washington university, police cleared the encampment there. How convenient. The d. C. Mayor and police chief testify before Congress Today on why the clearout was so long delayed. The president heads to wisconsin. Hes announcing a 3 billion Data Center Project with microsoft in raci new York Stock Exchanger. He will be talking up the racin if e. To the markets. The trend this morning is to the downside. Its not a champ eloff, dow off 50, but the nasdaq is down, what, 103 points premarket. Interest rates, not much change there. The 10year yields are at 4. 49 , just below 4. 5. The 2year around 4. 84 at last count, it is right now. Bitcoin, 62,000 a coin, and we have oil around 77 a barrel. No change for gas, youre looking at a 3. If 64 for a gallon of regular. Diesel, though, is down one cent, 3. 96. Gold still hovering around 2300 an ounce, 2322 right now. Politics. Trump is having fun with his Vice President ial pick. Hes not saying yet who gets the nod. Hes kind of spinning it out. He does say he wants somebody, quote, who is really good to take my place if something happened, okay . On the show today, bidens plan to bottle up trump in court not going well. The documents trial has been postponed indefinitely. It could be there will be only one trial before the election, and thats the new york hush money trial that is riddled with problems. We have a warning, biden is coming for your air conditioner. We will explain. It is wednesday, may the 8th, 2024. Varney company is about to begin. Stuart all right, here we go. Were starting in d. C. This morning. Police have cleared the encampment on George Washington university. Lauren, how many arrests . Lauren at least 35 arrested at the school in washington d. C. They had an antiisrael encampment on campus that stood for two weeks. It was just cleared by the police. Garbage trucks moving in and removing the debris. They sanitized it ahead of d. C. Mayor mover yell bowser and the police chief testifying this morning on capitol hill. Lawmakers want to know why didnt the Police Respond right away to the schools request for help . [laughter] i heard this and i had to look it up because i thought it was so extreme. They were chanting guillotine and calls for beheading the add m school administration. Here in new york the last encampment has been cleared at the Fashion Institute of technology, protest it is happening there too. Dozens a arrested by the new york police department. The arrests were described as forceful after protesters blocked the nypd bus full of arrested protesters, but theyre out. Stuart the action continues, got it. Thanks, lauren. Donald trump has laid out his number one criteria for picking a running mate. Roll tape. If something should happen, you know, its such an important, such an porn position. But if something an important position. If something should happen to me p we win and something happens to me which can happen, you have the make sure that somebody really good is in there to take your place. So thats always not to be the number one criteria. Stuart all right, somebody really good todd piro with me this morning. It doesnt appear that mr. Trump is going for a woman or a minority. He seems to be going for, be with looking for performance instead. What do you say . I think that is a smart move on on two fronts. One, it really does sort of jibe with the Republican Party platform whereas we dont like dei, you put the best person in the position to succeed, you dont pick them based upon alternative characters. But theres another reason are. Whats the major knock on donald trump . That hes selfish, that its all about him. He just wants to do this to feed his ego. A decision like this tells the world, hey, im not doing this for donald j. Trump, im doing this for the nation if thats why the person who comes in behind me needs to be able to lead on day one because, a a, i want them to take over for eight years and keep up the momentum that im bringing into this country, but, two, if something happens to me, i need that person to be able to take over. It says im putting america first, and its not just a slogan. Its a very shrewd move, and it could speak to the people, those independents in those swing states could look at this and say, hmm, interesting. Now i want him as opposed to joe biden who clearly picked a person only for dei reasons. Stuart okay. Im moving on from that. The judge in trumps classified documents trial just postponed the case indefinitely. Now, you know the law, you know the lawyers. What does that mean . Its less about knowing the law and more about knowing a calendar. You look at the calendar, if shes postponing this indefinitely, all the pretrial stuff that youre going to have to do which we with all know tax up a lot of time in the court of law is not going to happen anytime before the election, and if it does happen before the election, the actual trial would never happen before the election. So what does that mean Going Forward . If trumpen wins, this thing could go away by him telling the doj stop going after me, it could go away visavis a pardon or, you know, we could have a decision. But if i, if im trump, what id do is if i get into office, i i eliminate both my case and the biden document case and say were going to come up with a different law on what we do with document, but those cases are gone. Stuart so the idea of bottling trump up in court all the way through to the election, thats the strategy of biden, its falling apart. Its falling apart when it comes to jack smith, when it comes to fani willis. Its happening a couple blocks down, but that case itself now seems to be falling apart because we still dont have a violation of the law. We have a lot of salacious stories, it doesnt feel good, but its not a violation of the law. Stuart stay there, please, if you would for the hour. Thank you. A new poll shows what people believe will be the outcome of trumps criminal trial. Do they think hes going to be convicted, lauren . Lauren 65 say yes. Its for registered voters so twothirds say he will be convicted on all 34 counts or some, 23 say not guilty, hell be cleared. I think the bigger question is do they care. Stuart of course. Lauren conviction or potential jail time, does in that change your vote . People are fed up. Of i think theyre confused by four criminal trials. And im going to say right here this hutch money trial, they say it has go more weeks to go, thats probably the last one. If he wins, he can clear the other trials, and and Everything Else has been delayed. So this is the it. A few more weeks go, people. Stuart probably. We shall see. Only time will tell. Weve got to say that. All right, thanks, lauren. There is a generational divide between young and old black voters. Younger back vote or favor biden over trump 5825. Older black voters, its biden 88, trump 6. Finish Charles Payne with me now. Can you explain this, charles . Sure. But, first, i want to say i dont think anything trump said about picking a Vice President had anything to do with race or gender, so i dont know how that is part of the conversation because, to be quite frank with you, i think the person trump has to pick has to, first, be a nonpolitician, someone with a lot of chutzpah and someone who understands the system but also isnt part of the system. So that could be almost anybody that hasnt been in washington, d. C. For stuart well, biden used identity politics to pick his Vice President. Right. By the way, biden won. So, you know, we would all love to see a world where things were perfect and everyone was judged perfectly and evenly, but were not if necessarily there yet. I think the president , in bidens case, you know, doing that actually did a disservice to to everyone. You know, qualified people on all sides. Stuart i agree. Okay. And, you know, whats happened, the thing with the black population is youve got two things. Ing older black people remember how tough things were. My grandmother and grandparent grandfather bought a farm in alabama in 1952 it was a tough time. Really a tough time. For all black people in alabama, specifically those who owned property. My grandmother never owned a pillow, or she never used a billow, she slept with her pillow she slept with her arms crossed so shed here the night riders. My grandfather had a business burned to the ground by the ku klux klan. Older black people remember that. Younger black people dont remember that,s and they want a piece of the action. You cant get their vote with higher minimum wage. You cant get their vote by saying, hey, well build housing projects and give you homes. No, they want a business. They want a private jet. They want general with rational wealth lauren are generational wealth. Young black people want a piece of the action. My father fought in vietnam p if i want a piece of the american dream. No more crumbs. No more crumbs. Its a faustian deal for protection from those evil white folks known as republicans. Stuart so younger black voters or will go for trump in bigger numbers. Burglary younger black men, absolutely. Stuart charles, well be watching you on making money, 2 p. M by the way, they told me the topic was the economy. [laughter] im just teasing stuart we like our guests to take it through on something they feel passionate about and clearly you do. Yeah. Stuart you have a great e place on this show to do this. Thank you very much, indeed. Thanks a lot. Stuart tiktok suing the federal government to block a possible ban. Any response from the white house on that, lauren . Lauren not really. I describe this as the iconic, i say one thing and do another. In this case the White House Press secretary refers comments to the department of justice z as the Biden Campaign keep using tiktok despite the forced sale or ban they have endorsed. Hes Karine Jeanpierre if. So seeing the reports, going to be mindful this is, obviously, in litigation process here, so were going to refer to the president of justice on this one. Lauren yeah. So tiktoks lawsuit accuses the doj of interfering with the First Amendment rights of tiktoks 170 million u. S. Users. Stuart thats a lot of users, aint it . Lauren they have until january 19th to figure this out, someone come in and buy it, i dont know what happens here. Stuart okay. Only time will tell. Another one of them. Thank you, lauren. Check those futures, please. It is wednesday morning. I see a little bit of red especially for the nasdaq. Next, students at columbia have started a petition to go ahead and hold the Commencement Ceremony on campus. Theyve already received thousands of signatures in less than 24 hours. Education secretary Miguel Cardona wont rule out student debt forgivenesses for campus protesters. How about that . Loll it. Do you want to have the taxpayers pay their loans off . I believe that students who are breaking the law and are disrupting the educational environment should be held to account. Stuart thats a nonanswer. Senator ted cruz says forgiving their student debt is unamerican. The senator is next. Life with afib can mean a lifetime of blood thinners. And if youre troubled by falls and bleeds, worry follows you everywhere. Over 400,000 people have left blood thinners behind with watchman. Watchman is a safe, minimally invasive, one time implant that reduces stroke risk and bleeding worry, for life. Watchman. Its one time, for a lifetime. Businesses go further with 5g solutions. Thats why they choose tmobile for business. Pga of america and tmobile are partnering on 5gpowered analytics to help improve player performance. Tmobiles Network Helps aaa stay connected nationwide. To get their members back on the road. And Las Vegas Grand Prix chose tmobile to help fuel operations for one of the Worlds Largest racing events. Now is the time to see what americas largest 5g network can do for your business. Stuart fox has confirmed, this is just coming at as, that the house hearing on college antisemitism has been canceled for today. House oversight chair james comer or says he spoke with mayor bowser and thanked her for finally clearing the protesters off the campus. They did it last night. Comer added he would not rule out rescheduling the hearing. Students are pointing some of the finger of blame at their professors. Madison alworth is at columbia for us. Madison, what role kid the professors play in the protests . Reporter you know, stuart, at these protests were seeing students initiate it, but in some cases the professors are supporting them and often times even participating in the protests and starting protests of their own. At uncchap ill hill, faculty are threatening to withhold grades. In a letter to the provost and dean, they say in part, quote, we strongly support the right of faculty and graduate students to express their opinions freely, but there are better ways to do this than hurting our students and abrogating our contract with the people of North Carolina to support our university. We have seen first ifhand those faculty protesting. Last week here at columbia, faculty of the university initiated a protest that called for the lifting of suspensions of student protesters and also included chants like from the river to the sea, palestine will be free. Now, the students that are protesting, theyre asking that the money they give to the school via tuition e not go to israel, but the faculty members, theyre being paid by the schools. And critics are skeptical about the salaries that continue to go up. But some in academia are pushing back. The newlylaunched faculty against Antisemitism Movement is looking to create a National Network of academics to stand against what were seeing on campuses. Students have already organized and are fighting antisemitism. Administrators have started cracking down on it. The government and the legislature started coming down very hard on universities that are not doing their job, so i think the last missing piece of the puzzle is faculty standing up for whats right and declaring loud wily that you cant hide loudly that you cant hide your antisemitism behind israel criticism. Reporter you know, even though weve now seen the final clearing of encamp. Ments here in new york, antisemitism and the threat of it still a real concern. As you mentioned, columbia actually canceling their commencement here saying its because of safety concerns, and the graduating seniors that weve spoken to are really upset by that decision because, remember, he said this, those seniors were seniors in high school when covid broke out. So they lost that graduation and now theyre losing this one. Stuart yeah, it was a double hit really. Madison, thanks very much, indeed. Listen to what bidens education secretary had to say about student debt forgivenesses for no protesters. Roll it. Do you want to have the taxpayers pay their loans off . I believe that students who are breaking the law and are disrupting the educational environment should be held to account. I believe its important that all students have access to their Higher Education classes and graduation. Stuart okay. Senator ted cruz, republican from the great state of the texas, joins us now. Mr. Senator, are we really going to forgive the debt of antiisrael, tohamas if protesters . Prohamas . The answer is actually, no, but youve got to understand the Biden Administration is in the business right now of buying votes. They tried before the last election to give away a trillion dollars in money they didnt have the Legal Authority to give away by forgiving a bunch of loans. That was obviously lawless when they did so. They knew that. If it went to the Supreme Court. The Supreme Court struck it down. Were in another election season, what are the democrats trying to do . Theyre trying to buy the same votes. Theyre trying to convince young people, hey, well give you free stuff, just make sure you vote for democrats in november. The courts will strike this down too, itll never happen. So the answer that secretary cardona gave there is completely unsurprising because if he actually said, you know, the viability protesters that are threatening the violent protesters that are threatening jewish students, that are burning american flags, that are chanting death to israel and death to america, we wont forgive their loan, if he said that, look, theyre trying to buy their votes twice both with loan forgiveness and through undermining israel. This is all about a politics for the administration, and its really a shame how extreme the Democrat Party has gotten that this kind of rabid antisemitism now a major your part of the party, that there is a prohamas wig of the Democrat Party. Stuart listen to this one. The administration has just coniferred they have, indeed can confirmed they have, indeed, paused shipment temperatures of weapons to israel. Is biden helping hamas . Of course he is. From the very first days of this administering, joe biden, this white house administration, joe biden, this white house has been the most antiisrael white house we have ever seen. They have systematically undermined israel at every step. They have flowed 100 billion to iran. Iran is the leading funder for a hamas and hezbollah. 90 of hamas funding comes from iran, 90 of hezbollahs funding comes from ranch they have flowed hundreds ofto gaza hundreds of millions to gaza. You look at this latest aid package. They delayed it from october until just a couple of weeks ago, so it went over six months refusing to provide military aid. And then they tied it to military aid for hamas, more money, billions of dollars to go into gaza. And look whats happened in the last week. In the last week do you know what they have sent . Theyve sent the aid e to gaza that was almost immediately seeded by hamas as many of seized by hamas, and theyve halted the a aid to israel. At every stage joe biden and this administration has beleaguered, has attacked the government of israel, has said stop killing terrorists, stop killing hamas, we should support israel utterly eliminating hamas. Stuart last one with real fast, i know youre big on the speeding up Airline Refunds. Were not used to you covering that kind of. Subject. Youre usually a big picture, big policy kind of guy. What are you doing with speeding up Airline Refunds . [laughter] im sorry, only 30 seconds. Sure. Im a the Ranking Member of the Senate Committee on commerce, science and transportation. The Commerce Committee covers about 40 of the american economy, and my focus is on jobs, jobs, jobs. So this legislation reauthorization of the faa is going to make Airline Travel safer, more efficient and less expensive. Its a big victory for the people of texas. Stuart and its bipartisan. Very much so. Stuart amazing. Senator cruz, thanks for joining us. Thank you, stuart. Stuart south yes, sir. Thank you. Check futures real fast, i see some red ink for the nasdaq. Youre down 115 there. The opening bell on wall street is next. Every day, more dog people, and more vets are deciding its time for a fresh approach to pet food. Theyre quitting the kibble. And kicking the cans. And feeding their dogs dog food thats actually well, food. Developed with vets. Made from real meat and veggies. Portioned for your dog. And delivered right to your door. Its smarter, healthier pet food. Get 50 off your first box at thefarmersdog. Com realfood but st. Jude has gotten us through it. St. Jude is hope for every child diagnosed with cancer because the research is being shared all over the world. Ah, these bills are crazy. She has no idea shes sitting on a goldmine. Well she doesnt know that if she owns a Life Insurance policy of 100,000 or more she can sell all or part of it to coventry for cash. Even a term policy. Even a term policy . Even a term policy find out if youre sitting on a goldmine. Call Coventry Direct today at the number on your screen, or visit coventrydirect. Com. Fourth stuart futures suggest a modest downside move at the opening bell which is just about two and a half minutes away. Shah ghailani with us this morning. Shah, when. When are you going to buy nvidia . [laughter] when are you going to buy it . If. Were buying it right now, stuart. Great question. Looking for dips, i was thinking we might see a larger dip, but everybody sort of picked up last week when the fed came out on wednesday with less hawkish news than people thought and the fact that they are cutting back on the qt. I know im going to get the bell on that one. Investors ran, bought bonds by the handful. That elevated stocks, so were not seeing much of the dip. Its time to buy nvidia because i dont know if its going to dip much more from here. Stuart okay. Youre generally bullish. Do you see one huge black cloud on the horizon which could end your bullishness . The only black cloud i see is rising rates. Weve seen them comp down, last week a great rally in terms of bond market and that elevated stocks. We have the big 10year treasury auction today. If that doesnt go well it should, stuart and weve got a 30year bond auction tomorrow. If that doesnt go well, but it should, if they dont go well, that means investors arewalking at balking at accepting these yields. If the market sees that and thinks, wait a second, if investors arent buying the treasury auctions, yields can go higher and this rally may be a little suspect, and we could see some selling. So far thats not been the case. The auctions have been fairly well received, and today and tomorrow are big deals as far as is the actions auctions go. Stuart any other big tech . Microsoft on the dip, it hasnt been a significant enough dip can. All of the big tech claims names. We bought google on the dip, were very happy with that. Were buying gingerly because we would like to see something more of a dip where we can grab some of these great names with with both hands but just havent had that opportunity. Were long all of them, just a matter of adding to those positions. Stuart yeah. The money just keeps pouring into big tech. Thats the way it is. Shah ghailani, thanks very much, sir. Back to wall street. Theyre about to open that market. New York Stock Exchange and the nasdaq, there you go, press the button. Were off, were running. Its 9 30 each time on a wednesday morning. Eastern time. Dow industrials off a fraction,. 15 . When we get the market, when we get them the all open, well show you the dow to dow 30. Move to the s p 500, please. Where wheres that opened . Just about onethird of 1 down, not a huge drop. The the nasdaq composite, a bigger drop there in percentage term, the nasdaq is down, show me, or please, there you go. 62 . Nasdaq compos fit down 100 points, 16,232. Show me big tech, please. We always do at this time. Big tech led by apple which is up a fraction, 47 cents. The rest are down across the board. Apple did get some good news out of china. Iphone shipments were up in march. Why was that . Lauren [inaudible] so china is telling us that 3. 75 million phones were shipped by Foreign Companies in march, thats there arent many Foreign Companies. Its an increase of 12 . Well take it. Earning last week showed us chinas performance is both better than feared for apple and now apparently recovering. So a turnaround in china for tim cook. Stuart there was one major league stock that reported before the bell this morning, and its not doing very well, so i presume the report was bad and that is uber. Lauren thanking tanking. Theres weakness in demand. Quite frankly, theyve gotten really expensive. And ubers forecast for this current quarter, the gross bookings, that disappointed even for food delivery. There are positives despite what your seeing on the screen can. They are profitable, and more people are booking ubers to go to the office. Hmm. I guess if youre going two days a week, an uber is not that bad of. [laughter] and comfortable. And the airport. Stuart it is work from home three day as week lauren you can a afford it. Stuart you just need to uber twice. Thats understandable. Ab inbev. Lauren they are way up. Beer sales are down double digits because of the bud light controversy and the hangover from the Dylan Mulvaney saga that started april of 2023, so weve had more than a year of this. But it seems like theyve moved on, right . Business do reassume. Business in colombia and brazil, record highs. Despite the bad numbers in north america, maybe this is it. Buds up. Stuart forbes our parent company. Lauren fox. They reported earnings. Advertising revenue if fell by a thirds, but overall revenue of 3. 45 billion. Stuart then we have ubers rival, lyft. Yeah, theyre going the other way from uber. Theyre up. Now, they reported. What are they doing right . Lauren shorter wait times. Theyre appealing to customers and what they wallet. You dont want to wait long for a ride. Thats helping to attract new riders or and retain the current ones. And id also like to thank amazon, because lyfts newish ceo, david david risher, hes been in office for a year. He was the 37th employee if at amazon. And the one thing he learned there if jeff bezos was about pleasing the customer. So you want a shorter wait time, a decent price and cost cutting. That strategys lifting. Working. Lyft increased rides by 23 last year but it is still losing money but less money. Stuart tesla is down 3. 5 . Theyve got trouble with the authorities. Theyre being investigated. Lauren you know, i did three the separate tesla stories today, and is all of them were bad. This is why the stock is down 28 this year. The latest is from from reuters. Theyre reporting about a department of justice investigation. It involveses full selfdriving and autopilot. U. S. Prosecutors are examining whether the tesla committed securities and wire fraud in a criminal probe of claims that were made by tesla and elon musk about the technologys capabilities. Why wire or is and securities fraud . It involves deception in interstate communication that misleads consumers and or investors. Then theres the nhtsa probe of the recall of 2 million cars. We now so elon musk has to provide all these documents by july or pay a huge fine. But we now know that that probe involves at least 20 crashes. So when youre looking at what e elon musk is dealing with not to mention business in china is down, right . You have all these probes in the u. S. , theyre getting expensive, and hes laying off employees. This has been a very bad year for tesla. Stuart and the stock is down to 171. Thats tesla. Pfizer has paused enrollment for its new screen therapy trial lauren yeah. Stuart whats the problem . Lauren a trial died in a phase two trial for dmd. Its rare. Basically, boys get it. They cant walk by around 9 or 10 years old, and they i do between 16 and 20 year old they die between 16 and 20. It was phase two, a young boy, 3 or 4 years old, died in the trial from cardiac arrest and now this trial has been paused and discontinued. Stuart understandably. Reddit had their first Earnings Report since they went public and judging by that stock, it was a good report. Lauren theyre popular but not profitable. And investors seem to be okay with the notprofitability part. Red edit doesnt want to be a onetrick pony, they want are revenue from place other than advertising sales, so theyre bringing in licensing deals, particularly content licensing with a. I. Companies. The cfo says they fired on all cylinders in the quarter, daily active users up become , revenue up 48 , it was a good report card their first one. Stuart check the big board, please. In business for six minutes. Down a tiny fraction. Id call that dead flat. Dow can winners, there are some in a dead flat market, united health, merck, johnson and johnson, visa, procter gamble. S p 500 winners including nrg energy, arrest that networks, Constellation Energy, jack henry and associates. Nasdaq composite winners, data, do Constellation Energy charter communications, vertex and monster beverage. The 10year treasury yield right at a or just a tad beneath 4. 5 . The price of gold, 2316 per ounce. Bitcoin, 61,800 and change. Here is oil, 77 a barrel. Nat gas right around 2, 2. 23 right there. And the average price for a gallon of regular, 3. 64. No change. Diesel, though, is down another cent at 3. 96. Coming up, more problems for bidens green agenda. Democrats and republicans teaming up to block bidens lap on some home ea mineses. We have the story. Prohamas propaganda has been found at some of the College Campus protests. Say gross a conspiracy . Well get into it. President Biden Campaigns in wisconsin today. Seems like that state gets all the cover coverage, all the visits. Why is it so important . Is it an absolute mustwin in the election . Karl rove on that next. Ah, sugar, ah, honey honey you are my candy girl, and you got me wanting you you founded your Kayak Company because you love the ocean not spreadsheets. You need to hire. I need indeed. Indeed you do. Indeed instant match instantly delivers quality candidates matching your job description. Visit indeed. Com hire stuart 12 minutes into the if trading session, a little bit of red ink. The nasdaq is down about 90 points as we speak. President biden is enroute to the swing state of wisconsin. Hes set to tout his economic agenda. Edward lawrence is there. Edward, what can we expect . Reporter yeah. We can expect the president to say in that his economic plan is working. Hes going the to be here at the gateway technical college. Hes going to announce a microsoft if a. I. Data center investment. The company is investing 3. 3 billion in a data center that would create potentially 2300 construction jobs and 2000 permanent jobs. The president doing damage control here on his economy which features 19 higher prices than when he got into office 19. The election is going to be about the economy, inflation is back and theyre ignoring it. Its going to be about the border. Reporter President Bidens Campaign Director of battleground states told reporters while former President Trump is stuck in new york, in may President Biden plans to be out on the campaign trail in battleground states and this is why. Even with democratic prosecutors tying up the former president in court, hes tied in wisconsin according to fox news polling. And wherever President Biden goes, protesters follow over his handling of the hamas attacks on us and israel and israeli response. You see the president do this all the time. It doesnt matter where he is, doesnt matter if its a commencement or one of his events, he welcomes peaceful protest. And you actually have seen the president engage in that process. Reporter but this whole areas locked down, rarely protesters have a hard time getting in there. Former President Trump held rally last week in this general area. This is the fourth time President Biden has been to wisconsin. His campaign plans to spend 14 million in campaign ads alone in may in battleground states. Stuart edward, thank you very much, indeed. Look whos here, karl rove joins us. Of welcome back to the program. Always good to see you. A general question, why is wisconsin so important . Is it an absolute mustwin state for this election . Oh, absolutely. In 2016 wisconsins victory by donald trump put him over the top. And the its a very close state. I want you to think about this. In to 16, 2. 9 Million People voted and donald trump won it by 0. 77 if or 22,748 votes out of 2. 9 million. In 2020, 300,000 more people turned out to vote, 3. 2 Million People, and joe biden won it by 0. 63, againing or less than 1 , 20,682 votes. This is going to be a tight contest, and whoever wins wisconsin likely wins the president ial race. Stuart so thats why its so important, okay. Thanks for straightening that one out for us, karl. Biden then goes after wisconsin to chicago for a fundraiser. Chicago. Has this got something toot Democrats Convention in chicago this in august which really terrifies the democratsesome because it might be like 1968 . Yeah. First of all, its about a raising money, and lee got a big financial advantage there, and he wants to keep that advantage. It has allowed him to get ahead of the Trump Campaign in organizing the ground game in the sick or seven battleground states six or seven. Weve seen dozens of biden headquarters being opened up in these battleground states and an army of volunteers and staff beginning the ground game, so significant advantage. But youre right. Part of it also is to sort of reassure the troops in chicago that things are in hand. Now, its not going to be as bad, i dont think, as 1968 because the democrats and republicans both have learned how to control these kind of things. But it is going the to be a potential going to be a potentially ugly situation because there are likely to be thousands of demonstrator ors who are flown in from minneapolis and deerborn who are going to be organized and brought to protest americas support of israel and opposition to hamas. So its going to be unpleasant, but its unlikely to be as bad as a 1968. Theyve learned that the Police Forces have learned how to control crowds a heck of a lot better than they did some 50 years ago. Stuart it was bad back then. Trump is praising his potential Vice President ial picks for getting out on the campaign trail whilst hes stuck in court. Is trump getting his message out . Well, it depends on what he says going in and coming out. He actually gets some press based on what he says. So if he takes a whack at the president over the campus disruption, that. Com gnats dominates the news. But when its the all about what happened in trial or what happened that day, then his message gets lost. But, yes, hes smart to say if you want to be my running mate, maybe you better get out there and get op on the campaign trail. Incidentally, speaking of that subject, theres going to be a column tomorrow in the wall street journal on the very issue of the Vice President ial, i think a well written, a well drafted column, i think ive done a heck of a job on it. [laughter] this is one of the points i make, its smart for the former to say, in essence, boys and girls, i want you out on the campaign trail at a time that i cant be. Stuart you bring your white board and you promote your own article in the wall street journal tomorrow, what a guy. Great guest, karl. Thanks for for coming by. Thank you, stuart. All the best. Stuart youre welcome, sir. This is important and its just coming at as. The Georgia Court of appeals has agreed to review the ruling that allows fani willis to stay on the trump election case. Now, in simple terms what does that mean . Good day to have a lawyer sitting next to you, stu. This is huge for two reasons. One, this could knock fani willis off the case. Youll recall in the initial Lower Court Decision the judge said look, fani, its either you or your lover, nathan wade. He fired her lover, nathan wade with, so that she could stay on. This court of appeals is saying, hold up, were going to let the defense offer their arguments as to why fani willis should be disqualified based pop things that she did during the course of this case. And if ultimately the court of appeals decides she is off this case, that throws this case into absolute chaos because who takes over . Do you have to start again . Is it fani Willis Office or some other jurisdiction within georgia in that jurisdiction, if that course not court, but if those lawyers take it up, what happens . Do they even follow through the9 with the case e . But even if fani willis is allowed to stay on it, theres one key piece in this order from the court of appeals, no date has been set. Where did we just hear that within the last 24 hours . We heard that in florida stuart documents case. If theres no date set for the appeal, this could drag on very, very long. Could it go until the election in maybe. My gut tells me that they decide to hold the hearing on this before the election, but theres no date on the calendar. This is a huge win for trump. Lauren hes going on the campaign trail. This hush money case is probably the last one before the election, and he will hit the campaign trail actively. Stuart listen to this, this is my take thats coming up, bidens plan to bottle up donald trump in court is running out of steam. He wanted trump convicted, hopefully jailed before november 5th election. That play is not working out as the president hoped. That is my take at the top of the hour. Good news in the housing market, home prices seem to be falling. The bad news . It comes as insurance premiums are rising. Is there a connection . Full report next. cuz i know i got some good friends that live down the street. Got a good looking woman with her arms round me. In a small town that feels like home i got everything that i need and nothing that i dont what took you so long . Im sorry, there was a long line at the thai place. You get the sauce i like . Of course youre the man i wish. The future isnt scary. Not investing in it is. Nasdaq100 innovators. One etf. Before investing, carefully read and consider Fund Investment objectives, risks, charges, expenses and more in prospectus at invesco. Com before you use ai to transform business, accelerate growth, predict trends, you need to begin with trust. Introducing watsonx governance. Helping you govern any ai, as data, models, and policies change, so you can scale it responsibly. Lets create ai that begins with trust, with watsonx governance. Ibm. Lets create. Stuart home pieces down in approximately half the country just as insurance premiums are rising. Gerri willis has the story here. Is there a connection between lower home prices and higher insurance costs . Reporter in some markets there is a connection. In places like florida where weve seen the prices spiral out of control for Homeowners Insurance, were being told by movers that theyre having deals fall out of bed at the last minute. So when you go back in that market to sell that home after that deal blows up, do you ask for more . No. Do you ask for the same . No. You can ask for less. Stuart thats interesting. Yeah. Homeowner insurance costs spiking so much they may be contributing to lower home prices in about half the nations markets. Across the country the average annual rate increased by almost 20 between 2021 and 2023. But its not over yet. An online insurance Price ComparisonService Forecasts average National Rates will rise another 6 in year this year to 2500. One florida mover who also sells Home Insurance tells fox business that he hasnt seen Homeowners Insurance costs this high in 27 years of business. Listen. A lot of cash buyers in some cases are opting to not insure which is not smart, obviously, but that is something that people are considering. Reporter now, florida homeowners, as you can see here, pay the most with an annual rate of over 10,000, nearly 11,000. Louisianas second at a 6300. Six of the ten most expensive cities for Homeowners Insurance are now in florida. Some deals are falling apart, as e said, because buyers cant find insurance they can afford. Home boyses countrywide, theyre are up marginally. But in 20 states nearly half of the 420 the metropolitan areas tracked by moody des, prices are actually down. And you guessed it, the markets where prices declined are in the hurricane and tornadoprone parts of the country where its most difficult to get that insurance policy. Stuart thats right. You need insurance when youre in tornado country. Gerri, thank you very much, indeed. Todd, do you think Home Affordability is an issue in the election . Not specifically, but when its tied to the inflationary picture, absolutely. The reason insurance rates are high is because it costs a lot more to rebuild a home, the reason you need insurance in the first place. Stuart got it. Todd, thanks for joining us for the hour. Still ahead, liz peek, clay travis, Carolyn Leavitt and congresswoman young kim. The 10 00 hour of varney and company is next. Investment opportunities are everywhere you turn. Do you charge forward . Freeze in your tracks . Or, let curiosity light the way. At t. Rowe price, we ask Smart Questions about opportunities like advances in healthcare and how these innovations will create. Er questions. Better outcomes