Transcripts For FBC Varney 20240703

Going to bring down some banks. Everythings been managed so far. The economy last year was lose city, so they say bidenomics is working. If youve got a terrible product, dont slap your name on it. You cant break into a persons house and steel their steal their goods and then return it the next week. The conversation should be shifting as problematic as this may be in an Election Year from when do we lower Interest Rates to are we going to have to raise them further. The reality is dei invasion of campuses has been so divisive and so problematic. Stuart 1 success eastern time 1 11 00 eastern time, and were playing dirty work, the rolling stones. We play a lot of stones. Lets get if to the market. The rally holds. Its been on the board since the opening bell, and were now up 200 on the dow and 14 40 up on the 140 up on the nasdaq. Favorable inflation news, 3. 4 over the past 12 months. The market likes it. Show me big tech. Most of them are up. In fact, all of them except if amazon which is still down 1. 5 . The yield on the 10year, treasury, thats coming down. Look at it now, 4. 37 . Now this. The president s team seems determined to ignore reality. They have circled the wagons to keep reality out and delusion in. This week the polls have been bad news. The times poll showed trump beating the president in five of six socalled battleground with states. Poll after poll shows trump winning on key issues, and bidens Approval Rating is all the way down to 38. Thats lower than any other president in an Election Year except for jimmy carter, and he went on to lose in a landslide. Thats reality. But the biden team is having one of it. At the white house, california reap jeanpierre said the president s low standing is the result of all the crises he walked into when he took office. The president himself told cn, in the polls were just plain wrong. That is defying reality. And theres this, biden again said inflation was raging at 99 when he took 9 when he took office. It was actually 1. 4, but he repeated this factual error. Why . Did his aides not tell him his mistake . The did he not listen . Did he forget, or is he just repeating it over and over in the hope that eventually some voters will believe it . At the heart of the problem is the president s declining cognitive ability. Hes forgetful, he doesnt have the intellectual energy to take reporters questions, so he has to stay with the basement strategy which gives the impression that hes out of touch. He doesnt face a reality, he denies it. And thats why hes in such a political mess. Thursday hour of varney starts now. Stuart Mollie Hemingway joining me this morning. All right, mollirk e, how long can the president keep up this denial of reality . You know, i think something that was interesting that happened today also though was that he agreed to do a debate against donald trump. Thats probably an indication that he understands that his campaign is in serious trouble. Hes not wrong that polls can be wrong, but where hes wrong is that polls tend to systematically undercount republican support. So as bad as things seem for him, they could be even worse, and i think thats why hes at least saying he will agree to a debate. Whether he actually does it, put all these restrictions, no audience, has to be with a democratfriendly media outlet, so, you know, well see if it actually a happens, but he might be a little scared. Stuart were you surprised that biden would do this, take part in the debate . I mean, hes taking a big risk here. Its a monumental risk. He, of course, gets usually, like other democrats, they get a lot of help from the moderator who, you know, will almost certainly ask gentle questions and handle it in a way that a makes it work well for him. But being in front of a Live National audience for that period of time, i mean, he could try to do what he did with the state of the union which polled very horribly. You might remember how frenetic he was and how he seemed a bit out of his mind [laughter] stuart thats the expression, he was amped up on whatever. He was amped up. Yeah. Well see. Stuart it depends if on the format of the debate, doesnt it . Its going to be a studio with, probably not a big audience. Theyre going to negotiate the details of how their going to play this theyre going to play this, and i wonder if one of them might use with it as an excuse not to take part. Well, we could see that, but we also do have a pop with debates and how theyre done in the United States right now a problem. Theyre so choreographed and theres so much help given by the moderators that i think a lot of americans would like to see what these two candidates have to say. Maybe they could ask each other questions or have a truly neutral moderator type like a joe rogan or someone like that just to freshen it up. Stuart yuck with that. President biden won the democratic primary in maryland yesterday, but 10 of the democrats voted uncommitted. They wrote uncommitted on the ballot. How pig of a problem is this fos for biden come november . Youve seen quite a few protest votes for both trump and biden, but im not sure how much it matters this hate because everyone knows trump and biden are the nominees, so the protest votes are worth even less than they normally are. What is interesting in maryland is that the democrat who won for the Senate Nomination is not the person who can selffund can means democrats are going to have to pour a lot of money into that race against larry hogan, the popular former mayor of governor of maryland, and that the means how much money can go for democrats in pennsylvania, arizona, other places as well. Stuart nikki haley got almost 20 of the vote in the republican primary in maryland with. How does trump win over her voters . Yeah. And so i think hell be thinking about this as he picks a Vice President ial candidate. He has a lot of support from republicans, but there are some people that he might need to reach out to with a Vice President ial candidate. If probably not a nikki haley type because she has or her stronghold there, but shes not so shes not going to attract a ton of other votes probably. Stuart the debate is the bug news of the day, isnt it . All the speculation surrounding it. I find it fascinating. Mollie, thanks for joining us. Thank you, stu. Stuart sure thing. Check that market. Not a bad thing to check. Were up 200 on the dow and up 140 on the nasdaq. The s p is up. 72 . Modest rally. Michael lee with me this morning. What do you make of the latest cpi numbers, 3. 4 inflation in the last year at the consumer level . What do you make of it . Well, stuart, the miss to the downside is very timely for the markets and for the fed, and alongside that the big miss in retail sales. Its what i think is giving the oomph behind the market today in that retail sales has been a leading indicator of cpi by about three months. So its looking like cpi should tack down from here track down from here if those trends hold. Stuart so you think im going to call this a modest rally at the moment, and and you think it continues. Yeah, well, you know, stuart, yesterday we closed at an alltime high on the nasdaq, and so ideally were going to close at another alltime high here. And if the s p holds up today, thats nine days in a row. Thats only happened a few other times in history. One of them didnt lead to one of them was a peak mt. Markets and twothem two of them led to much higher markets later, but we are in a bull market. Okay in the market is up substantially since the october lows. I dont think were stopping anytime soon because, think about it, the next move from the fed is likely a rate cut. Okay . You have earnings come in above with estimates, and estimates for later in the year are increasing. The fed is also likely to stop quantitative tightening and move to quantitative easing, so were growing earnings, you know, a somewhat improving economy or an and economy thats notes inly falling off the cliff and not necessarily falling off the cliff and improve liquidity. These are the things we like to look for as, mike lee, the super bowl. Stuart mike lee, super bowl, thanks for joining us this morning. See you again soon. Thanks, stuart. Stuart laurens looking, oh, yeah, youve got to have a look at the meme stocks. Most of them are down today sharply. Lauren what happened . There were several posts this morning from their leader, the leader of this meme movement, Roaring Kitty, real name keith gill, and theyre still down. The wall street journal compares gill to having a warren buff with fetelike influence on wall street buffett like. Perhaps hes parking lot of a select group of elite investors. The legendary Warren Buffett appears to have a similar influence. That was true for two days. That was true for monday and tuesday. Gill posted for the first time in three years on monday. Gamestop shares were with up 180 monday and tuesday combined. Amc up 135. They were stars of meme mania back three years ago. But in the past three years, i think you could make the argument that roaring account kittys followers have gotten a lot more sophisticated and moved on. But youve got this group of, or lets say, more sophisticated retail traders who dont care about the names. They move from name to name to name wherever they see a catalyst, wherever they see high short interests, theyre going to pounce. Lauren sunpower, trump media, other names with big short interests. Go ahead. Stuart sorry. Its a casino. Gambling chips, thats all they are. Fundamentals, theres nothing there. Lauren as of right now, the difference between 2021 and now is this meme mania lasted two days unless something changes for tomorrow. Stuart and Roaring Kitty isnt a bit like Warren Buffett. Lauren i agree. Stuart coming up, Hunter Bidens federal gun trial begins next month if after the judge refused to delay it. Hows this all going to play out . Well ask former Florida Attorney general pam bondi. President biden moving forward with planses to send a billion dollars of weapons and ammo aid to israel. Is this a shift in President Bidens attitude or policy towards israel . If Victor Davis Hanson shares his insights after this. Daughter hey, dad. Dad hey, sweetheart. Daughter what are you doing . Dad im gonna clean the fence. Daughter its a lot of fence. Dad you wanna help me . Dad aim at the wall, but get closer. Daughter gasps what the . daughter alright. Dad side to side. When you work with someone who knows a lot and cares even more. You can do this. Youre unstoppable. Wow. Are you kidding me . You can do this. At truist, we believe the same is true for banking. Before planning the big trip you were limping thanks to a bad knee. Then, you heard about mako roboticassisted knee replacement. It starts with a ct scan to pinpoint the problem. That becomes a personalized, 3d plan to guide your doctor during surgery. Mako can help lead to better outcomes, like less pain and shorter recovery times. The lifetime of a knee implant is limited, and revision surgery may be required. Individual results and recovery times vary. Risks of surgery include pain, infection, heart attack, stroke, death, and other serious risks. Ask your doctor for important safety information. [camera shutter] to find a doctor who uses mako visit makocan. Com i was only 23 when i was first diagnosed with nonmelanoma skin cancer. 40 years later, ive had almost 20 mohs surgeries. I had just accepted that the pain and the scars were going to be part of my life. But when i was diagnosed with two basal cells on my face, i became determined to find an alternative to surgery. If you, like millions of others, are affected by skin cancer. Its important to know that surgery isnt the only option. Theres another choice. Gentlecure. It sounded like everything i had been looking for. Gentlecure uses low energy xrays to kill skin cancer cells with a 99 cure rate. Plus, theres no cutting, no surgical scarring and no downtime. Im so glad i did it. It was successful in every way. To learn more, call today or go to gentlecure. Com inside every splenda product is a mission. To help people live happier healthier and longer lives by making it easier to cut out sugar. From our factory to our stevia farm, splendas team of over 2000 individuals are dedicated to helping people live their best lives. Taking pride that everyday millions say i use splenda. and now sweeten drinks wherever you are with splenda zerocalorie liquid sweeteners. Try all three. Available in the baking aisle. Stuart its happening now, nyu is holding its Graduation Ceremony despite if calls for protests if disruptions. C. B. Cotton is at the ceremony. Its at yankee stadium. What have you seen so far, c. B. . Reporter hi, stu. Well, some students may choose to end four years of hard work in protest. You know, theres always tight security here at yankee stadium, but right now just behind me people are being screened to make sure no one brings in flags, large bags or banners. But, stu, were watching closely to see whether any students write antiisrael messages on their caps or secure palestinian flags to their gowns. If faculty, some nyu faculty, took to social media to urge students tt on x they wrote in part, quote, no graduation distractions while nyu funds if general side. Nyu, is hosting graduation celebrations while complicit in the ongoing murder and erasure of the palestinian people, end quote. The facultys call to action comes after the nypd was called in to nyus campus twice this week. Students, propalestinian encampments, the first time more than 100 people were arrested, but nyus president said fewer than half were students. During todays commencement, nyu student protesters may turn to tactics used by Columbia University students during a sunday Graduation Ceremony. One student walked across the stage wearing zip tied hand cups. Once she was handed her diploma, she turned to the audience and ripped it to pieces. Others carried the palestinian flag, ask one appeared to have the name of a hamas leader written on her cap. Comedian and israel supporter jerry e seinfeld was met with this. [no audio] reporter so he was met with a series of boos before, before he delivered his commencement address. Other schools Like George Washington University and ucla have seen intense clashes between protesters and the police. George Washington University as has added security measures for its upcoming Commencement Ceremony. Now if, stu, Columbia University, the epicenter of student protest, was supposed to have its main Commencement Ceremony today. It was canceled, and instead the university opted to have several smaller ceremonies around the city. Columbia University President wrote a he can think letter to the student body to say that canceling the main ceremony was one of the toughest calls in a year of many tough the calls. Stu. Stuart c. W. , thanks very much, ine deed. Now this, the board of trustees at the university of north carolinachapel hill voted to slash its diversity, equity and inclusion, d everything i, funding. The 2. 3 million saved will be real located to the campus police. One of the schools Board Members joined me moments ago and said this. Roll tape. The board showed that the it believes more in unity than divisiveness and that we strongly support our law enforcement. And our actions demonstrate that we also want to support a meritocracy and prevent this socialist, marxist environment of hateful outcomes. We believe in equal opportunity. Stuart thats telling it. Victor davis hanson joins me now. Are schools finally starting to reject these farleft ideas like dei . Is the pendulum swinging the right way . Gradually, gradually. I think a lot of universities are going to bring back the s. A. T. In the fall. Theres been an end epidemic of dei czars that are plagiarized. We saw the sad testimony of those College President s. The disruption on campus has a subtext text to it. Its not just we have a lot of foreign students, but we have a lot of students by the universities prior standards of just three or four years ago they would not have been admitted, and theyve been admitted without compare etive rankings of gpas, can theyre very unhappy. They have to either add new courses or cut down the workload or, as in if yales case, give 80 of the people as. Wrong the universitieses think it works i dont think the universities think it worked. I think their reputations have been harmed, and theyre scrambling before they start to see a bigger negative full aoff in the annual giving falloff. Stuart do you ever think well see the day where with liberal arts students are no longer socialist en masse . [laughter] thats a stretch. And if speaking as a liberal arts student and a professor of classical languages, i dont know. But i do think what cant go on wont go on. And you cant can ask these students to accumulate a quarter Million Dollars in debt with no Job Opportunities and then theyre not even poorly, theyre not even aa quainted with literature or an littics or reasoning anymore, critical thinking. Its mostly indock try anyization. So when they leave these universities, sometimes half of them dont get degrees. If employers, institutions, bureaucracies, theyre pretty disappointed in the product that comeses out of these places. Stuart itll stop when parents start to realize theyre chucking their money away, i think. Im going to change the subject. The administration is moving forward with a plan to send a billion dollars worth of weapons and ammo to israel. Is this a shift in bidens policy towards israel . No. He assumes we have no collective memory, stuart. So one week hes going to resume aid e, and then hell cut it and appeal to the the michigan arab aamerican constituencies. And if when they get complacent, hell go back to israel, and he thinks we dont have any memory of what hes doing. Its part of also a larger strategy in lieu of a real agenda that people like or felt worked for them of pandering to particular groups. Autoworkers this week with the ev tariffs, drain the Strategic Petroleum reserve, tell ukrainians not to hit russian oil facilities, cancel student loans, jawbone the fed to lower the rates before the election. The whole theory is that he cant appeal to us as a people, so he targets particular groups in particular states and assumes that we dont know what hes doing. That and waging lawfare against donald trump, outsourcing his campaign to the media, all of that is in lieu of a strategy that counts on personal appearances, campaign and competence in what hes achieved the last three years of which he doesnt have any. Stuart i sometimes feel that things are falling apart, and youve got a new book out, and the entitle is the end of everything. Is my premise, things are falling apart, part of the book . Part of it. Its the try to warn people that looking at historical examples from the past that naivete, reliance on past glory, thats no substitute for military deterrence, economic strength and a realization that theres people outside your walls that want to erase you and destroy you. There were a lot of contemporary parallels i found in the epilogue of that book. Stuart the book is out, and its called the end of everything how wars descend into annihilation. Thats an interesting title, victor, and i shall read it. Come back soon, Victor Davis Hanson. Thank you, sir. Thank you. Stuart i think its time we took a look at the biggest winners of the dow 30. Who are the biggest winners . Theres 30 stocks in the dow, big winners, salesforce, home depot, amgen, merck and united health. Now show me treasury yields, specifically the 2year treasury. Way below the 5 level which it had approached not too long ago. That downside move in that treasury yield is very good news for stock investors. Well also get back to this, President Biden says he has accepted an invitation to debateup donald trump. Trump responded immediately and says, yep, hes going to be there june 27th. Now rfk jr. Is weighing in. He says, quote, trump and biden are colluding to lock america into a matchup that 70 said they dont want 70 dont want. Went on to say theyre trying to exclude him, rfk jr. , because they are afraid he will win. Okay. Thats the latest on the debate. Breaking news today. Coming up, a new report says Chinese Espionage Group used mall wear to spy on cargo shipping around the world. Well bring you the late owens that. The prosecutions star witness, Michael Cohen, took the stand in trumps criminal trial. What did former Florida Attorney general pam bondi make of the testimony . Is cohen a credible witness . Well take that on next. Is bad debt holding you back . The only limit is the sky its our time you dont want to miss it just a little bit louder its our time you dont want to miss it its your moment in the spotlight all your ambitions. All in one app. Low fixed rates. Borrow up to 100k. No fees required. Sofi. Get your money right®. Stuart okay. The market, the rally holds. The dows up 260 now. That is twothirds of 1. Nasdaqs up nearly 1, and the s p is up. If 8 . Solid gains there. Laurens looking at the movers. Please tell me about nvidia. Lauren its surging. Its up 3 . Hay report one week if today. Their latest quarterly numbers. Revenue is expected to increase by 2400 and and earnings by 400 . Maybe theyll a beat them. Also look at a qualcomm, theyre on pace to close at a record high. Stuart what about microstrategy . Lauren this is a bellwether for cryptocurrent i cryptocurrency. Its up over 7 . Stuart walgreens. Lauren theyre launching their own version of narcan which is a popular overdose drug. It costs 35 for a 2pack, thats 20 less than narcan can, but the stock is down despite that news. Stuart lauren, thanks very much, indeed. Now this, Donald Trumps new york trial is on its scheduled break today after trumps Defense Attorneys grilled his exlawyer, Michael Cohen. Ashley, come on in, please. What did cohen say about his late night tiktok streaming . If. [laughter] ashley there he is on the other side of the screen. Cohen testified that he records a tiktok live program for overnight if every night if basically to build an audience, he says, create a community and vent is. Why . If well, he says hes having a difficult time sleeping. Defense attorney todd blanche grilled cohen claiming that trumps former attorney has made if a career out of bashing and insulting the former president. Blanche says that can cohen, indeed, has built a lucrative building on the back of trump writing books criticizing his former employer, even wearing tshirts depicting trump in jail. Cohen was also asked if he referred to trump as, quote, a boarish cartoon misogynyst and a cheetohdusted cartoon villain do which cohen replies, yeah, that sounds like something if i would say. Cohen is the the prosecutions star witness and trumps defense Team Obviously hoping to shatter his credibility. The trial resumes tomorrow, but therell also be no session on friday. Never a dull moment. [laughter] stuart thanks, ash. Former Florida Attorney general pam bondi joins me now. Welcome back, ms. Bondi. Whats your reading of the trump trial and Michael Cohens testimony . Well, you have to remember Michael Cohen is a convicted felon, a convicted liar, and he gave discredited testimony this in court, and the jurors see that. Theyre going to be told, stuart, in a jury instruction if it makes it that far that if you believe anything that a witness said isnt true, you can disregard their entire testimony. Thats a standard jury instruction fourth. Stuart hold on a second so i think so far hes fail z miserably. Stuart youre saying if he makes it that far. You mean the trial could end suddenly by well, the trial yes. Stuart could end it . The judge could edge it by a directed verdict. End it. Thats what the Defense Attorneys will be seeking. And, you know, stuart, i believe theyve committed reversible error every single step of this trial beginning with jury selection. As a career prosecutor, theyve let in so much evidence that should not have been admitted into this trial, but also they did not prove their case. Not one single witness, not even Michael Cohen, could who was, by the way, Donald Trumps lawyer, violated attorneyclient privilege, could admit if that President Trump did anything wrong. No one has in this trial so far. It should be a direct canned verdict. However, the way this judge has been ruling the entire trial, i dont know if hell do that. It should be a directed verdict, it should never, ever get to a jury, stuart. Stuart do you think trump should testify himself . Absolutely not. I know he wants to testify. Hes made that very clear. But the state has not proven their case. I dont think with he should testify. I dont think they need to put on any witnesses. Thats the argument if it makes it to a jury, i dont think it should again, but they havent proven their case against him. No. He has the absolute right not to testify. I dont think he should, not even close. I know he wants to, so lets hope his lawyers convince him not to because he does not need to in this case. Stuart Hunter Bidens gun trial begins next month. The judge refused his lawyers request to delay the trial. They claim hunter wont have enough time to prepare. How does the hunter gun trial play out . If . Well, he wrote a memoir and, of course, if his book he admitted to so hes not a convicted felon, stuart, but you cant buy a gun if youre drugaddicted. And in his book, he admitted that he was doing crack almost daily at the time that he purchased a firearm. There are pictures of him, nude pictures of him holding a firearm shortly before and after he was doing drugs. So he lied on federal forms to purchase if a gun. And, you know, thats very serious, obviously. No one whos addicted to drugs should be purchasing a firearm. If so its a pretty solid case, and in his own autobiography biography, he admitted to the crime. I guess lawyers didnt read that book before he published it, but that should come into evidence. And its a very, very solid case against him. Stuart got it. An excellent update on two big trials. We appreciate that, pam bondi. Please, dont be a stranger. Come back and see us again soon. Thanks a lot. Thank you. Stuart democrat congressman jamie raskin, i cant believe this, wants once again to investigate donald trump. Ashley, whats it about this time . Ash cant let it go. Raskin of maryland wants an investigation into with nine Oil Executives who recently met with trump at mar rah a hag go resort if florida maralago. Raskin has a written a letter to the Oil Executives saying that they should hand over any relevant information that mayer for town to a quid pro quo arrange pertain where trump gets Campaign Cash in, change for more favorable Energy Policies if he returns to the oval office. Raskins a accusations come off the back of a report in the Washington Post that suggested that trump made the pitch to big oil in exchange for a rollback of bidens climate agenda. Raskin claims its significant because it could raise ethical and Campaign Finance and heel issues, but others say, look, this meeting is Standard Practice for candidates, high profile candidates, looking for donations, and they point out that trump is not promising any new policies that he hasnt already enacted or pursued. So there you have it. Raskin at it again. Stuart yeah. That would be drill, baby, drill, wouldnt with it . Ashley thats right. Stuart thats the policy. Thank, ash. Coming up, President Biden says he wont let beijing unfatherly control the ev market. Hes putting 00 tariffs 100 tariffs in place protecting the Auto Industry. We question, will that buy him some votes in michigan . Artificial intelligence label ared as the new frontier of modern warfare. We got a report from the spent if gone on pentagon on where where america stands in the a. I. Arms race. Thats next. Tamra, izzy, and emma. They respond to emails with phone calls. And they dont circle back, theyre already there. They wear business sneakers and pad their keyboards with something that makes their clicketyclacking. Clicketyclackier. But no one loves logistics as much as they do. You need tamra, izzy, and emma. They need a retirement plan. Work with principal so we can help you with a retirement and benefits plan thats right for your team. Let our expertise round out yours. 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 stuart all right, kick this thing off with big tech, please. Microsoft, top of the list, up 5 at 420. Amazon, the only loser on that list, its down 11 1. 84. Look at the 10year treasury yield, please, its coming town and thats good news for the market. 4. 36 on the 10year treasury. And now this, a new report says chineselinked groups want to spy on cargoshipping companies around the world. Ashley, whats going on . Ashley have you ever heard of mustang panda . It sounds like a new line of electric vehicles, but its actually an Espionage Group linked to china and accused of using malware over the past five months to gain Remote Access to Computer Systems belonging to cargoshipping Companies Based in norway, greece and the netherlands most recently. The spy group, by the way, also suspected of carrying out espionage against governments and other organizations across asia and most recently europe. The hackers gain access using a row mote access Remote Access trojan type of malware that allows full access to a twice and then issue commands to a device. Both british is and u. S. Officials say that chinas cyber tactics have actually changed in recent times from trying to steal intellectual property and foreign intelligence with to gaining access is to critical utilities and infrastructure to use as potential leverage in a crisis which is very december turning. Stuart yes, it is. Thanks, ash. Now this, google will include collude new Artificial Intelligence features for its search engine. All right, Lauren Lauren everything. A. I. Is running the future. I do not want it. Starting this week you might see it, a. I. Overview. It uses Artificial Intelligence, and it summarizes the Google Search results. That summary if will come up at the top of the search page, and then under it youll get those traditional web links. Some of those are sponsored by advertisers. Thats the potential problem. Google a. I. Is cannibalizing, i can is can with a question mark, Google Search . Not necessarily. Jeffreys says its the opposite, that a. I. Will giving google an expanded give google an expanded role in research. Theyre predicting everything, theyre determining everything, and heir going a step further. Even if you type in flights to london, does that automatically mean that i want to go to london and they have to say, oh, your coz din lives there, maybe you want to have brunch with them. Maybe im just googling flights to london because you asked me a question and im doing that for you . If i dont want that information. Stuart maybe. If i do a Google Search now, does a. I. Help me along . Have they introduced it yet . Lauren i dont think so. I think it starts this week. Stuart im going to try this. Lauren on google or microsoft bing . Stuart well, i already use bunk from microsoft. Lauren a. I. . Stuart not noticeably. [laughter] Artificial Intelligence is being called the new frontier of modern warfare. Jennifer griffin at the pentagon for us. Where does the u. S. Stand in the a. I. Arms race . Reporter well, its interesting, stu. Right now the u. S. Is leading in terms of writing software and using a. I. On the battlefield. Thats because the u. S. Is still the leading Software Manufacturer in the world. But that competitive advantage could be lost if the does not lock in these gains and prevent russia and china from catching up9 we went to the Second Annual with a. Ill convention here in washington and saw demonstrations of how the modern battlefield is changing. The problem is its either we run a. I. Or our adversaries [inaudible] if our adversaries have a tradition of being not as a [inaudible] [inaudible conversations] and if on the battlefield, it is going to be us or them. We have to dominate and [inaudible] actually dominates which is what we did [inaudible] reporter alex karp is the ceo and founder of palantir. His software is being used in ukraine and across the middle east. This simulation shows how a. I. Helps find a nefarious cargo ship hiding in busy sea lanes, taking a fictional intelligence tip there from south korea, commercial satellite information, weather and past patterns of behavior of all these ships. A targetter can quickly locate the, enemy ship. When we think about in particular, we talk a lot about the scale. And analysts say its going to be all about kale. You are not going to be able [inaudible] you are going to need Machine Learning to tell you how get the responses faster. At a pace. That you can have one person or one target [inaudible] reporter former Intelligence Analyst shannon if clark says this targeting technology would have helped shorten the war in iraq and afghanistan. Another defense tech manufacturer showed us software that can smooth if out supply chain bottlenecks, and palantir hamas chien learning software that shows the war fighter and a general in the field simultaneously on what looking like, basically, looking through gaming headsets what ammunition is available, which air platforms are available to talk out a target. Right now the u. S. Has the advantage, stu. The question is, can it keep it . Stuart . Stuart good question, jennifer griffin. See you soon. Show me the dow 30, please. We get a sense of the market. I get a sense theres a lot of buying going on. Most of twothirds of the dow 30 are in the green, and the dow itself is up 239 points. 39,800, thats where its at. President biden announced a 100 tariff on chinese electric vehicles. Hes facing some opposition from his own party though. Well bring you the latest on that from washington in connection. Next. Good luck. If. Hi, im todd. Im a veteran of 23 years. I served three overseas tours. I love to give back to the community. I offer what i can when i can. I started noticing my memory was slipping. I saw a prevagen commercial and i did some research on it. I started taking prevagen about three years ago. I feel clearer in my thoughts, my memory has improved and generally just more on point. Prevagen. At stores everywhere without a prescription. And theyre all coming . Those who are still with us, yes. Grandpa whats this . Your wings. Light em up gentlemen, its a beautiful. Day to fly. Inside every splenda product is a mission. To help people live happier healthier and longer lives by making it easier to cut out sugar. From our factory to our stevia farm, splendas team of over 2000 individuals are dedicated to helping people live their best lives. Taking pride that everyday millions say i use splenda. and now sweeten drinks wherever you are with splenda zerocalorie liquid sweeteners. Try all three. Available in the baking aisle. Stuart developments in the president ial debate coming thick and fast. First thing this morning President Biden agreed to two televise ised debate withs, one on june the 27th, it is, and the other in september. Trump the immediately agreed to them. Hes going to do it. Rfk jr. Says hes being excluded, and he doesnt like it. And and we just got this tweet in from the president. Ive also received and accepted an invitation to debate hosted by abc on tuesday, september the 10th. So its in place, june 27th, september 10th, both will be there. Big story of the day. President biden has announced 100 you are tariffs on chinese electric vehicles. He says he wont allow beijing to up unfairly control the markets. Diana fur. Got roth joins me now. Did biden do this to protect the domestic Auto Industry and the vote in michigan . Well, stuart, im sure he did. But its not enough. Because chinas selling cars that cost 11,a 500 in germany and putting 100 tariff on that is 23,000, and thats still that still undercuts, by a a lot, american cars. So we need to ban these chinese evs. We cant be putting 100 tariff or even a 200 tariff on these cars. Theyre dangerous for economic security, National Security because they go around spying,if they can be disabled from remote. Stuart whatever happened to the free traders or . Trump wants tariffs, biden oneups him with even bigger tariffs. A few years ago everybody was free trade. Now nobody is. Well, a lot of people are free trade, but trade with china is not free. I mean, china subsidizes energy, subsidizes labor, it uses forced labor, has favored Interest Rates for its companies. The Chinese Communist party has a stake in every Major Company including byd, the chinese if car exporter. So its not a level playing field, stuart. Trade with china is not free. Stuart sit, does it make economic sense, apath from politics and diplomacy, does it make economic sense to really crack down on all kinds of stuff coming to us if china . Well, it makes sense to crack down on certain things, that can be use withed for spying and telematics, and cars are included in those. If americans were upset about a spy gallon going balloon going overhead last summer, they would be even more upset about i chinese evs going around the roads sending back telematics. And then if you get a car loan to buy a chinese ev, all your information goes to the Chinese Communist party. However, if theres toys from china, for example, those do not pose, it say i would say, a National Security threat. So just as the federal Communications Commission banned huawei because it was sending back information, they should also ban chinese evs. Stuart diana, its been a long time since we saw you. Dont be a stranger. Con back and see us come back and see us soon. Lawmakers in the house are looking to crack down on chinese Biotech Companies too. Ashley . Why . Ashley well, as diana was just talking about, its all about concerns over National Security. Lawmakers in the house are expected to consider a massive reordering of how u. S. Manufacturing of pharmaceuticals are developed and made by advancing a contract ban on as many as five Chinese Research companies. U. S. Biotechs and drug makers have been continually reliant on china for testing, for ingredients and in some cases manufacturing. The bipartisan biosecure act would, by 2032, end u. S. Contracting with chinese firms and any others considered a threat to National Security effectively locking them out of the market. There are those that say, look, this could hurt Drug Development and, ultimately, raise the pieces of drugs. Stu. Stuart all right, ash, got it. Now this, time for the wednesday trivia question, and its a really good one. Which baby girl name has been the most popular in the United States in the past 100 years . Thats an important point, last 100 years. Of jennifer, sara a, emily, mary . The answer when we return. If daughter hey, dad. Dad hey, sweetheart. Daughter what are you doing . Dad im gonna clean the fence. Daughter its a lot of fence. Dad you wanna help me . Dad aim at the wall, but get closer. Daughter gasps what the . . Who knows a lot and cares even more. You can do this. Youre unstoppable. Wow. Are you kidding me . You can do this. At truist, we believe the same is true for banking. Power outages can be unpredictable, inconvenient, and disruptive to your life, posing a real threat to your familys comfort and safety. When the power goes out, you have no lights, no refrigeration, no heating or air conditioning. The winds are not letting up at all here. Were going to see some power outages. Number one thing to prepare for is extended power outages. Are you prepared . You can be with a generac home standby generator. When a power outage occurs, your generac home standby generator automatically powers up, using your homes existing natural gas or propane, so your life goes on without disruption. You and your family are comfortable, safe, and secure. Stay tuned, to get over a 500 value free on the most popular home standby generator in the world. With the generac, we dont have to worry about whether we lose power or not. If the Utility Company does not come through, our generac does. Having a generac takes a lot of the anxiety out of, theres going to be a storm. After the hurricane happened, we just want to be prepared for anything. Generac generators are designed, engineered and built in the usa. 8 out of 10 home generators are generac, and have thousands of satisfied customers. How many times have you heard people say, i never want to go through that again . Well, the next time you go through it, dont make it so hard on yourself. Have a generac home standby generator. Call or go online now to request your free quote with one of generacs nationwide dealers. Special financing and low Monthly Payment options are available, and if you call now, you will also receive a free 5 Year Warranty valued at over 500. The call is free, the quote is free, and theres no obligation to buy. Call or go online now, so the next time theres a power outage, your home powers up. Power your life with generac. Call or go online to request your free quote today. Stuart i like this question. Which baby girl name has been most popular in the United States the last 500 years, the choice, jennifer, sarah, anthony, mary, all yours. Ashley i have to go with one of my daughters names which is emily, number 3. Stuart lahren . Lauren i was going with emily as well. Stuart i have no doubts about this. It is mary, guaranteed. Thank you very much indeed. Over the last one hundred years, one hundred 73 million baby girls were born in america and 3 million were named mary. A common name used. Lauren i dont know any marys now. Stuart in the past hundred years. The most popular girls, the most popular boys name, can you do that . Im told we can do that. Dont look it up in advance. Coast to coast starts now. Neil my wifes name is mary