Thursdays heady selling. The dow can lost 600 to points thursday, a modest bounceback in the early going today. Dows up 50, nasdaq up about 60. There was one huge winner or thursday, winner for some time now, and thats nvidia. No serious pullback this morning, in fact, its up again, another 9 higher, expect 932 . If 92 . Interest rates, not that much change. The yield on the 10year just below 4. 5 . The yield on the 32year treasury is just below 5, 4. 96. Bitcoin, we have that placed at, lets see now, 67,4 right now. And gold, 2335 at last no, 2363 we have it now. Oil, 76 a barrel. Regular gas averages 3. 60 a gallon, thats down one cent. Diesel, 3. 89, down one cent. Politics. Confusion at the president s press conference. He wasnt sure what question hed been asked. He took only two prearrangeed questions. A well known pollster, nate silver, says bide, quote, needs to consider stepping aside if hes still struggling in august. There is a growing color race of democratchorus of democrats who want a different candidate. Were talking hundreds of millions of dollars going to Fund Division and hate, and its your money. And well draw the parallel between Ronald Reagans visit to the bronx in 1980 and Donald Trumps rally there last night if. In the 1980 election, ray began won new york state. Does reagan won new york state. Does the parallel hold for donald trump in 2024 . Well see. Its friday, may 23rd, 2024, Varney Company about to begin. I want to wake up in that city that doesnt sleep stuart first of all, ladies and gentlemen, i did make a mistake right there. The not the 23rd of may, it is the 24th. I should know that because its my youngest daughters birthday today and, boy, did i just make money mistake. [laughter] im going to call i it an historic event. Trump in the south bronx, thousands of supports joined the former president supporters joined the former president. Madison alworth, take us through the highlights. Reporter absolutely, stuart. There were, like you said is, thousands of people and thousands more than the campaign initially expected showed up to this rally. Trump himself said on stage we wanted to call this a meeting but, quote, like it or not, this is a rally. Native new yorkers need, native bronx residents waited hours to get in, and still when the speech wrapped which was nearly two hours long, hundreds had still in the gotten into the event. Donald trump called it a love fest from the campaign stage, and that a sentiment was returned especially for native bronx residents. No president ever came to the south bronx, i dont know. I just came do support and show love. For him to be in a place like the south bronx, its huge. I mean, youve never seen any other candidate do this. Bidens not doing this. Reporter so this area is traditionally quite blue, but those in attendance wanted the send the message that the Democrat Party has taken their vote for granted for too long. And we see minority voters are starting to shy away from the if Democrat Party, and for reasons like the economy and immigration. That is what i heard on the ground yesterday. I heard from multiple people that said my grandmother is a democrat, shes going to vote for trump this november. A lot of flipping. Hike you said, this hasnt happened like you said, this hasnt happened since reagan. Trump is still behind by 9 points according to the latest Sienna College polling, but he got a warm welcome last night, stu. Stuart earthly are. Great report disturb earthly. Very exciting evening. Evidently. Rachel campos duffy join me now. Rachel, youve been talking to new yorkers about trump in the south bronx. What have they been telling you . Yeah, i went the day before, which was interesting. I think its a great way to test the waters. The democrats had said trumps not welcome and they had counterprotests planned. And i went in there and i was thinking, you know, if trumps lucky, or maybe thisll be the 5050 crowd of people for him versus against him. I didnt get that at all, stuart. I talked to dozens of random people on a corner right there just a few blocks away from where that the park was, and it was 99 , yes, we wbt him to come. We want him to come. Im excited for him to come. Im honored hes coming into the south bronx, no one ever comes in here. We want him to see how our neighborhood has deteriorated and how much crime we have and just the level of frustration and sort of the sense of hope that somebody like him with his stature was coming was incredible. Stuart talk about a stark difference from trump. Heres President Biden at his press conference yesterday. Watch this, rachel. Roll tape. Thank you, mr. President. The two questions, if i may, on no, one. Okay, next next question as well . Let me ask, are you [inaudible] what was of my question . [laughter] if. Sir, your question was haiti of with let me ask [inaudible] from ken ya . [inaudible conversations] this concludes the press conference. Thanks, everybody. Stuart you know, i said a stark contrast, and i mean it. That is a stark the contrast with trump, right . Stuart, do you remember reading that story, the emperors new clothes, when you were a kid . Yeah. I mean, it struck me as i watched that video, that all of those people sitting in that room are pretending like that president , our president is well. He is not. He is not up for the job. There is no company in this country that would have allowed this man to continue in the mental state that he is. And youre right, the contrast of the energy and the love and sort of the understanding of whats at stake the that was discussed in the rally last night versus this President Biden who just doesnt even seem to know why hes there or who he is or whats going on. Stuart yeah. And in front of a world leader, its very em bearing for all of us. Its carry. Stuart there is no company in the world which would hire joe biden as its ceo. No, never. Stuart rachel, thank you for your contribution today. We really appreciate. See you soon. Listen to this, a prominent pollster wants President Biden to contemplate stepping aside. All right, who is it and what exactly is this guy saying . Lauren its nate silver. I a often read his muse if letter. He said it on a podcast, and he reuped it on, and. He said if biden is still struggling in august, he needs to the to consider stepping aside. Its not a great situation for democrats, but you have to do Due Diligence on the question. It is an important election. Obviously, it shouldnt be that boo talk about. Can and taboo to talk about. And he gave two reasons why he thinks biden should be replaced. Hes down in the polls, trump is up especially in the swing states, and biden committed to two debates. Not three, not late debates closer to the election, so wheres the cat lust coming from . Catalyst coming from . Stuart he says hes debating too early. Lauren yeah. Stuart powerful guy, nate silver. Whens this about bidens Campaign Making a play for nikki haleys supporters and votes . Lauren so the Biden Campaign if team held a zoom on wednesday night with nikki haley supporters. Many of the nikki haley supporters are never trumper. What reason do do you give them to vote for biden as nikki haley said im voting for trump . So the biden team wants to know, well, hey, haley supporters, if youre never if trumpers, how do we give you a reason to vote for biden . What issues are are important to you . Stuart did they get an answer lauren not that i know of. [laughter] maybe nikki haley wouldnt have said nicker but the fact that she came out anything, but the fact that she said shes voting for trump, that is a very bad sign for biden. These are never trumpers. Can they be coerced into voting for trump like nikki haley . Stuart well see. Lets turn to the markets on a friday morning and bring in kenny polcari. I see green on the lefthand side but not much. Lets talk about the el pant el elephant in the room, nvidia. Theyre up again this morning. Are you onboard or with this . Are you in in this stock . If. Im in it, ive been in it for a while so, yeah, its not a new position. Weve owned it as a firm, ive owned it individually so, yes, im in it, im even more committed to it after what we heard on thursday evening. Stuart no pullback or wednesday evening. Stuart no pullback in the near if future, no downside move . Listen, it might because it had a very dramatic move, but with i would actually view that as an opportunity to get in more. Look and its also, we mow its going to split on june 10th, so its going to become a 100 stock. While we know it doesnt do anything in terms of market capitalization, it just makes it now more appealing for the Retail Investor that feels like, you know, its a 1,000 stock, i cant get in, but at 100 i might be able to buy in and participate in this excitement p. So im all in. I think youve got to be all in. Its a name for the future. Stuart i know you like gold, and gold has had a pullback recently. It was 2400 an ounce, now its 2367. You buying some more . Yeah. But, listen, gold has had a very dramatic move this year, right . And so i expected this pullback. We came right down yesterday, we touched and we keyed support kissed support. We bounced off there, looks like were bouncing off there today. I think gold is fine between 2360ish and 2400, its a place that, you know, i think you can feel comfortable owning gold, yes. Stuart got it. Kenny poll car erie, have a great long weekend. You as well. Stuart thanks, kenny. The governor of new york, that would be kathy hochul, says trumps supporters are clowns. Roll tape. Ill tell you what wont make a difference at all a, jake, and that is for donald trump to be the ring requestleader of and invite all a his clowns to the a place like the bronx. Stuart question, was that a basket of deplorables moment . [laughter] tammy bruce fired up about it, hes in the 10 00 hour shes in the 10 00 hour. Shopping video at the border with as Illegal Immigrants used a ladder to Cartel Members useded a ladder to get illegals over the wall. Weve got a full report next. Trading at schwab is now powered by ameritrade, unlocking the power of thinkorswim, the awardwinning trading platforms. 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So you dont have to compromise. Powering smarter savings. Powering possibilities. Lifes daily battles are not meant to be fought alone. Were not powerless. So long as we dont lose sight of whats important. Dont be afraid to seize that moment to talk to your friends. Cloud, you okay . Because checking in on a friend can create a safe space. The first step on our new journey. You coming . Reach out to a friend about their mental health. Seize the awkward. Its totally worth it. Stuart all right. Weve got 14 minutes til the opening bell. Big selling yesterday, a little bit of buying this morning. Dow up 60, nasdaq up nearly 50. Now a take a look at this video. This is the incident on the border we told you about just a moment ago. Lauren, youve got to take us through this. What else do we have . Lauren i mean, can we just get over the fact that theyre using a ladder to goafort the border wall . This is near the santa teresa port of entry in new mexico. At one point you can see the migrants on tom of top of the the wall, and they start throwing items at the Border Patrol agos from on top of the wall. Look, he just hurled something. If its brazen. Stuart yeah,s. Lauren they think that is okay, to do. That i can tell you some of the migrants are in custody, but just the gall, the disrespect. Stuart and what will they be charged with . Who knows . In america today, what will they be charged with . Lauren they should be charged with assaulting Border Patrol agent, officers of the law, trying to get into our country illegally. Stuart well said is. Thank you, lauren. Republican senators demanding answers from the white house about the jordanian nationals caught trying to breach the Quantico Marine corps base. I. C. E. Confirmed one of the men was caught and released at the san diego border just last month, the other had overstayed his student vis a vis a saw visa. Carlos gimenez joins us now. This is exactly what weve been worried about a, the Terror Threat from an open border. Weve all been worried about this for a long time, and now it looks like it might be possible. Its not only possible, its probable. And thats unfortunate. Weve got 2 million Illegal Immigrants that have crossed the border, we dont know who they are, why theyre here, where they came from or what their intentions are. On top of we know weve caught hundreds of people on the terrorist watch list that weve actually apprehended. How many have we not apprehended . So or yeah. Look, director wray from the fbi, hes really worried about the terrorist threat to the United States right now, and so are we in congress. Stuart id like to the hear a bit more about the jordanian nationals. I believe theyre still in custody, at least one of them is. Id like to hear more about what are they here for. Yeah, right. Stuart youre demanding answers from the department of Homeland Security because cue i ban officials cuban officials toured a secure area of the miami airport guided by the tsa. Why were they allowed to do . I havent the faint ifest idea. Cuba is on a list of state sponsors of terrorism, so here you have officials from a country thats on the list are of state sponsors of terrorism hooking at our antiterrorism techniques and equipment with at miami if international airport. Not only that, its Miami International airport. We have over a million cuban exiles here, so it was actually a slap in the if face to the community here. And the date, stuart, may 20th, that thats cuban independence day. So it was really pretty well planned to insult everybody here in miami. But it actually9 puts american, americans at risk, you know, throughout the country. You dont think that i know that cuba cooperates and is an ally of iran, china, russia, north korea. Is and so you dont think that that information is being relayed to those countries, especially iran, who also happens to be really tight with hamas and hezbollah and other terrorist groups . I mean, its insanity. Now were going to have to write some legislation which say, hey a, maybe its not a good idea to allow officials from a country thats on a state sponsor of terrorism to look at our antiterrorism techniques and and how we protect american citizens. Siewfer stuart yeah. Maybe thats not a good idea. Youre a trump guy, congressman. Yeah. Stuart what do you make of the crowd in the bronx and his pitch. To hispanics laos last night . Look, i think the democrats are in full panic mode if after seeing the retseng that that he got in the bronx with, supposedly a really strong blue stronghold. The warm reception that he got there and then the antitrump demonstration or rally only got about 100 people. Yeah, the democrats need to be in full panic mode because President Trump is making inroads with minorities, especially blacks, africanamericans and hispanics. Why . Because hes going to make their life better. Hes going to the make americans life better. Look, theres three questions for me, is the world a better case today than it was four years ago . No. Is america a better place today than it was four years ago . No. Are you and your family better off today than you were four years ago in no. For me, thats three strikes. Its time the strike out President Biden. Its time to put donald j. Trump back in the white house so he can make the world a more secure place, America Great again is and, you know, also improve the quality of lives of every single american. Stuart you are definitely a trump guy. Thanks for being on the show morning. Oh, yeah. Stuart i can tell. Carlos gimenez, thanks for joining us, appreciate it. Republicans, hay got some help from the e democrats. Together they repealed a bill that would allow noncitizens to vote in d. C. They repealed that. Took it it away from them. So, lauren yeah. Lauren stuart how Many Democrats sided with the gop . Lauren 52. And the final vote buzz 263214. You say nonif citizens, but that the includes Illegal Immigrants from voting. So in d. C. This was a local election issue. The bill would have allowed People Living in d. C. For just 30 days, thats it, to register and cast a ballot for mayor,ty council, school, advisory commissions, local issues. But theyre trying to do this in other states too. Dont set a template in other places for for how you do this. So you had haw makers on both sides of the aisle saying this defies common sense. This is in the election integrity, and they dont want these crazy policies to take hold in other places. Democrats agreed. Stuart im surprised 52 democrats went with that. Lauren, thank you. Quick check of the markets, please. This is premarket action. A little bet of green. Dow up 50, nasdaq up 45. The opening bell the is next. Heel, toe, do city doe. If come on, baby, lets go stuart friday morning, three minutes to the opening bell. Green on the lefthand side of your screen. Mark mahaney with us. Uber is back in your top four pick list. Why have you put uber back in . All right. So happy frirkd stu. I put uber back in because its recent he got dislocated. There were some midling response to its earnings, but more importantly, this is new overhang issue that perhaps robotaxis will displace the need for ride sharing. I think its a false flag issue. I look at uber as likely a beneficiary of the rollout of autonomous if vehicles which i still think is 510 years out. The reason is this is going to take a long time to get real mass market adoption, and the best way to get that adoption is to integrate autonomous vehicles, i think, within those Transportation Network like an uber. So i actually think itll be a positive, i think theyll be a positive derivative of the eventual rollout to. I take the oh side, i like uber. Stuart just a few weeks ago it had moved up to about 80 a share, i followed it closely, and now its back down to 63. Whats your price target now . Im back at 80. Theres no change in my price target. So, you know, when the stocks kind of dislocate down there, theres about a dozen stocks that i look that i think are high quality, and the way i try to pick them is i wait for them to get dislocated for whatever reason, and if i disgreet with it disagree with it, that becomes one of my topic picks. Thats exactly what we did with google earlier this year, that was kind of a side show when it really, i thought there was some really impress if e product improvements that were going on at google which they just demonstrated in the last two week like google irk o. Its a great company, tons of cash flow and valuation thats highly reasonable. So i look for those kind of opportunities, and i thought we had it earlier this year with google. I think we have it thousand with uber. Stuart im astonished to see that amazon, google and meta combined will spend 100 billion on a. I. This year, this calendar year. Thats an enormous amount of money. What does it tell you . Well, it tells you that theres probably something to gen a. I. No wonder invid. Rah is doing so well. You just mentioned three of its biggest customers. You throw in microsoft, thats four of nvidias biggest customers. These are cut cutthroat capitalists, theyre all super smart when it comes to technology, and theyre generally very thoughtful about of investments. If they think its worth spending 2530 billion a year on a. I. , there probably something there. And i think youve actually had proof over the last two years if you look at what a metas done. They completely rebuilt their ad tech stack in the wake of apples privacy challenge, and they changed their User Experience if youre with an average use user of facebook andness gram, you know that. Much broader array of content brought into use news feed. Theres a lot of compute power and storage power required to create that new experience for advertisers and consumers. Meta dud it, and its been one of the strongest fundamental turnarounds in the industry, and i think other people took notice of that. Stuart got it. Mark mahaney, have a Great Holiday weekend. See you again soon. Happy memorial day weekend. Stuart thanks, mark. All right. The market is about to open. Weve got a couple of seconds to go, and we are off to the races. Here we go. Hit it. Thank you. Okay. The dow, lets see, lets go with the dow is up just 40 points in the very, very early going, and i can see from the dow 30 theres a preponderance of buying. The dow dropped 6000 points yesterday 600, not much of a rebound. The s p 500, way down yesterday, back up again this morn if by a quarter percent. The nasdaq composite way down yesterday, yeah, it was, and back up onethird of 1 right now. Show me big tech, please. Presumably, a mixed picture. Not bad. Alphabet, apple, meta, amazon up. Microsoft is down 1. 14 at 425. Its the only loser in the top of the big tech board. All right, lets have a look at nvidia. This morning its back up again another 5 higher at 1,043. But dont they have some headwinds out of china . Lauren so reuters is reporting theyre actually cutting the price on their most advanced hip that they sell in china, the health care20, and it now costs 10 less than huawei. Huawei has a highend chip, and its selling better than nvidias. Its a problem for nvidia because they are the a. I. , if you ask me, but chinas a tricky spot for them as it is for many other of the Semiconductor Companies because of the restrictions, the u. S. Restrictions on our exports on National Security is concerns. And chinas about a fifth ifth of inebb vid yas overall a sales. So this is an issue. You had a 9 if gain yesterday and its the up again today. Stuart google and meta, they want to bring a. I. To hollywood. Lauren theyre pitching the hollywood studios. Theyre saying use our a. I. Tools, you can create a scene, a backdrop, save money in exchange for givings us your movies, your showing, you your content so we can help better train our Large Language Models and Artificial Intelligence technology. So there are platforms now, opena a i has one called soro. You literally can text a prompt, create the scene, and the Artificial Intelligence can do that. And now these Tech Companies are saying, all right, hollywood, lets do it, lets make a deal. You help us, well help you. Stuart okay. Dan ives, hes a star analyst, hes raising his price target for apple. Its at 188 right now, where does he say its going . Lauren 2275. Yes 275. This is his point. He said the iphone 16 will be the a. I. Smartphone, and it will create a, quote, super e cycle. A. I. Will be built into the Apple Ecosystem that so many users rely on. He says that adds 3040 a share to apples stock the piece. So apples late to the gail, per usual, but theyre going to do it better. Stuart ive never if bought apple stock in my if if entire life. I respect dan ives. If he thinks its going to 275, im listening. Lauren okay. Stuart a new study says ozempic may with actually help treat kidney disease. Lauren thats a medical benefit and should be good news for the stock even though its down because it means, perhaps, more insurance coverage. It was a late stage trial, 3500 patients. They had type ii diabetes, and they were not all overweight or obese. Still, given this weekly innext of ozempic, it was found to cut the risk of kidney failure and cardiovascular events by 24 . 24 . Late stage trial. Thats excellent news, but novo nordisk is down despite that. Were seeing different studies pop if up, all the treatments treatments that come from using the weight loss drugs. Stuart the wonder or weight loss drugs. Lauren yeah. They still scare me though. Stuart i want to know about tesla. Are they cutting i know theyre cutting production if of the model y with. Lauren stocks up 1 . Stuartout where are they doing that . Lauren china. The model y is the most popular model in china, teslas a status brand. Local ev makers in china are now eating elon musks lunch. I mean, look at the numbers. If you look at the First Six Months of this year, chinese evs increased their production by 9 president. The numbers 1. 6 million. Tesla, china first sick month of this year, not even 300,000, down 7 . Theyre slowing down. Chinese automakers are beefing up, and now elon musk is pivoting away from the idea of the ev being the beall, endall. I know mark mahaney says hes not completely betting on the robotaxi, but it seems like elon musk is. Theyll have a big event in august to showcase it, and hes talking a lot about optimus if now, the humanoid robot. Stuart keep making those headlines, elon. Get your stock up. Whats with Cracker Barrel . Theyre in freefall just about. Whats going on . Lauren if you look at a the concern. Stuart it has been. Lauren the month chart is ugly. Theyre trying to rebrand. Did you know that they sell clothe clothing . Stuart no. Lauren yeah. If you go into the Cracker Barrel store, theres dresses, and tick tock in tiktok influencers are saying is this Cracker Barrel or anthropology . Its, quote, not as relevant as it used to be. Theyre in the same category at applebees, red lobster, bankrupt. Its a consumer thats watching their pocketbook a little bit more. Theyre constantly hit by higher prices. Store the looks old, menu is old, theyre not to rebrand. I dont know if clothings the way to do it, but i did not know. I knew they sold knickknacks, but clothing . Stuart i dont think ive been in a a Cracker Barrel since i stopped driving from new york to florida and back. Heres one, intuit, tax people. Down today, way down. Lauren way down. Stuart after reporting whats the big problem . Lauren they beat in the quarter and raise ad their outlook for the full year. The problem is they lost 1 million free turbowith tax users over tax season. The translation is they were free users, and they were unable to upgrade them to the higherenfeatures. The ceo has said that and this was good news for a. I we have a. I. In quick back books, in all of our so soft ware, and its yielding profits. The average turbotax user took advantage of the a. I. Features, but still they lost 11 million of the free users 11 million, and investors are saying thats not a good sign. Stuart top forecasters protecting a very strong Hurricane Season. I guess thats why the Insurance Companies are faking a hit. Lauren taking a hit. Lauren they were down yesterday with. Can i just say im a little nervous about the atlantic Hurricane Season . We are expecting 725 storms, record high, 813 hurricanes, record high. 47 major hurricanes, cat 3 or higher. Hurricane season begins june 1st. Stuart but you live in new york finish. Lauren i now if i know, but i always like to take a summer vacation. This makes me nervous. Stuart coming up, theres still time to send in your friday feedback, email us at varney viewers the fox. Com. Madeleine brain is the mother of an army hero murdered in new york city in 2018. She soak at trumps rally, and spoke at trumps rally last night, and she says its time to vote democrats out. Get rid of aoc vote her [bleep] out [cheers and applause] if get rid of richie torres, vote his [bleep] out. I have nothing to lose. So i can stand up here and i can say this. Stuart do republicans really have a chance in new york . Madeleine is on the show, passion and all. The attorney general of kansas, kris kobach, says democrat states are forcing republican states to adopt radical climate policies. Hes here to explain whats going on next. Yo, i told you, youment touch this in any business, you ride the line between numbers and people. Whats right for the business and whats best for everyone who depends on it. Solving todays challenges while creating future opportunities. It takes balance. Cla cpas, consultants, and wealth advisors. Well get you there. The all new godaddy airo helps you get your Business Online in minutes with the power of ai. With a perfect name, a great logo, and a beautiful website. Just start with a domain, a few clicks, and youre in business. Make now the future at godaddy. Com airo 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 session, the dows up90, the nasdaqs up 63, but that doesnt take away from yesterdays big losses. Donald trump asking Oil Executives to help close his financial gap with joe biden. How first of all,s how much does he want, and second lauren a billion with. Stuart what are the democrats saying about him asking oil Company People for money . Lauren they hate it. Hes asking for a billion dollars, and some democrats dont like it, so much so that a group of senators are probing the Oil Executives who did meet with trump last month. They wrote a letter to the executive at chevron, exxon, occidental and others, and they said did you discuss industryfriendly policies with trump in exchange for Campaign Cash . Did you discuss potential executive action that he could take if he happened to be in Office One Day . What did you discuss and are you giving him 1 billion in cash . Stuart would that have been illegal . Lauren i dont know. I want to the say, yes, but isnt that like lobbying . Stuart what do you do as a rob byist . You make suggestions lauren i guess theyre a afraid he could potentially get a billion dollars from Big Texas Oil tie tycoons. Stuart 19 republican attorneys general Just Launched a lawsuit against 5 democrat states over their radical climate agenda. They say the new laws are forcing gopstates to adopt these leftist policies. The Kansas Attorney general, kris kobach, joins me now. Mr. Attorney general, what radical Environmental Policies are being forced down your throat . Well, its a whole host of antifossil fuel policies. And what these democrat states, most notably california, are doing is theyre using state court pleading s, theyre basically bringing lawsuits on behalf of the state against Energy Companies in their state. But they are seeking massive damages, and theyre seeking injunctive relief meaning an injunction to force the companies to change what they do with respect to the production and distribution and how users use fuel. So what theyre trying to do is change National Energy policy by using only the state courts within their state, and that is unconstitutional. Its also illegal, and thats why were suing and trying to go directly to the United StatesSupreme Court. Stuart can you do that . I mean, its obviously a major issue, and it should go to the Supreme Court. How long does it take to get there . Well, the Founding Fathers of in this country actually contemplated that this was a special, there needed to be an avenue to to go to the Supreme Court. So in article iii, section two of the United States constitution it says when there is a conflict between one state and another state or between several state, the Supreme Court has original jurisdiction to take the case right off the bat. And, you know, that makes sense because if you think about the it, if you have two states going to a lower court in state a and rather than state b, you might have the Founding Fathers recognize manied there might be some bias among those judges, so they said lets go straight to the neutral court of the high, of the entire with land, and thats what were attempting to do here. Stuart specifically, what is unconstitution constitutional about what a these five states are doing . Well, what theyre effectively doing is regulating interstate commerce. Theyre regulating theyre not only regulating the commerce in the fossil fuels themselves, but theyre claiming that the damages arise from air a musician crossing state lines. This is truly an interstate matter that the high court would have jurisdiction to address and that Congress Certainly heart attacks you know, the Founding Fathers did give interstate commerce as a power to the United States congress. And so were seeking relief in the high court, and we expect that if the court takes the case, we will get it. Now, thats one of the interesting questions over the years. Many people, myself included, believe that the Supreme Court must take jurisdiction over this case. But the court itself has decided that it can if it wants to or doesnt have to if it doesnt want to. Stuart the okay. Well see if you actually get to the Supreme Court. Kris kobach, thanks for joining us. My pleasure. Stuart the aoc warns that that gas price will go up if trump is reelected. Can you explain that this. Lauren i cant. Its pretty wacky logic stuart try. Lauren here you go, in her own words. We just saw that the former president met with Oil Executives last week saying, hey, you give me a billion dollars, and ill make sure that a you to get the policies that are favorable to raising gas prices and making sure that a lot of these Companies Continue to price gouge without proper oversight or regulation. And so the idea that hed be bringing those down when hes cashing in from the same folks that are bringing those prices up, i think, is a little bit suspect. Lauren so [laughter] if trump said meganomics is drill, baby, drill can, low taxes, low interest rates. Just do supply and demand, right . Gas prices will not go up if the drillers are drilling more. There will be more supply, so i just dont get this. I dont get this. Shes trying to scare people. Stuart thats right. Okay. Youre whats if rated. Lauren im also exasperated because that was an interview about the rally near her district in the bronx, and thats stuart thats how she got to gas prices . Lauren yeah. I watched it a million times, i dont understand it. Stuart all right, here we go. In 1980 republican president ial candidate Ronald Reagan took his campaign to the south bronx. That was a gutsy move. Four decades later donald trump, another republican candidate, did exactly the same thing, and his audience really liked what it heard. Thats my take, top of the hour. Some welcome muse for home buyers, prices are falling in some parts of red hot florida. Whats going on . Ashley websters looking into it, and ash is next. Baby, dont worry, you are my only you wont be lonely even if the sky is falling down. If. Liberty mutual customized my Car Insurance and i saved hundreds. Thats great. I know, ive bee telling everyone. Baby liberty. Oh baby liberty. How many people did you tell . Only pay for what you need. Jingle liberty. Liberty. Liberty. Baby liberty. The new dexcom g7 sends your glucose numbers to your phone and watch, so you can always see where youre heading, without fingersticks. Dexcom g7 is the most accurate cgm. So, you can manage your diabetes with confidence. Her uncles unhappy. Im sensing an underlying issue. Its tmobile. It started when we tried to get him under a new plan. But they they unexpectedly unraveled their price lock guarantee. Which has made him, a bit. Unruly. You called yourself the uncarrier. You sing about price lock on those commercials. the price lock, the price lock. so, if you could change the price, change the name its not a lock, i know a lock. So how can we undo the damage . We could all unsubscribe and switch to xfinity. Their connection is unreal. And we could all unexperience this whole session. Okay, thats uncalled for. Stuart all right. Well, home prices continue their upward trend nationwide, prices in some parts of florida are actually fall being. Ashley websters with us. Hes actually in melbourne, florida, right now. Ashley, whats behind the drop . Ashley well, interesting, more homes coming on the market, stu, which means the competition starting to heat up, and that means prices actually coming down. Were about 25 miles from Cape Canaveral where the rocket take off. Im in front of a home thats for sale, a 5bedroom, 3bath home in a very nice suburb in west melbourne, and its been on the market for about a 11 days. What east interesting, stu, is come whats interesting, stu, is theyre already thinking about dropping the price. 6744,000, again, 5 bedrooms,3 baths, about 2500 square feet. Its very nice, indeed. But as you say, prices have been falling. Immediate if january selling price, by the way, for the region here, 335,000. Thats down 3 year to date. 33. But 3 . But if you go back to june 202222 in the dark days of the pandemic, prices now down 10 . If you remember, it was a stamm the period of people moving from elsewhere, particularly the northeast, coming town to florida and house prices went through the roof. But now cooling off a little bit. Let me bring in kara mattingly. Come over here, kara. Look, youre already talking about cutting the price on this home. Yeah. Ashley is that just reality these days . It is to be competitive in this market. Ashley and thats because partly there are more homes out there, right . Some homes, more homes on the market now that the market has gotten a little more interesting here, yes. Ash a ash so high interest rate, low inventory, are those days starting to ease a little bit . Because its been very hard, especially for new home buyers, to get on the property ladder. Of course. Interest rates have affected most of our buy writers, however, we have our sellers offering concessions where theyll help do a buydown on the rate for the buyer. Ashley very good. So business is good . Yes, absolutely. Ashley there you go. Kara, thank you very much. So, you know, whats interesting, stu, is i made the list of those cities where prices are really dropping. They are dropping here, but you look at cities like jacksonville, 26 of listings there are now cutting prices. 25 in orlando, 23 in miami. Now, were talking they came from high levels, so theyre still pretty up there, but i would say that some people have started to move if back out of florida, mainly because of family, im told. But one thing has remained the same, its all sunny, the beaches are great and, let me tell you, the the tax are low. Stuart yeah, yeah, yeah. Ashley good enough for me. Its good enough for you. Stuart you just have to rub it in. Here i sit in new york city, and youre down there in florida. High tax, low tax, thats the way it is. Have a nice day and enjoy the tax levels. Ashley i will. Stuart back to the markets real fast, please. Green on the lefthand side. Not much to e of of it compared to yesterdays red ink. Tammy bruce on governor Kathy Hochuls comments. She called trumps supporters clowns. Steve hilton, the 3 billion shush fund within the green new deal. And sandra smith on fast food inflation. How higher prices translate in the november election. The 10 00 hour is next. If trading at schwab is now powered by ameritrade, giving traders even more ways to sharpen their skills with tailored education. Get an expanding library filled with new online videos,. All crafted just for traders. And with guided learning paths stacked with content curated to fit your unique goals, you can spend less time searching and more time learning. Trade brilliantly with schwab. If youre a grandparent, you know what im talking about when your little grandchild starts talking to you. Something i couldnt hear for a long time. Its funny how Something Like just a hearing loss can have an effect on a relationship. 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