Summer. We have United Refining Company chairman John Catsimatidis here, only here how we need to boost our energy independence. Plus the ceo of yet another American Company set to join the beeline to shanghai. Corporate ties to china are getting stronger as government ties get more tense a big week for 2024 players. The gop field expanding. Weve got breaking news on that with mike pence just filing the paperwork for his run for the white house. Plus rfk, jr. Get as big Silicon Valley endorsement. Senator tim scott just took on the ladies of the view. We have got some of that exchange. Thats coming up. Welcome to the show. Im cheryl casone. Im in for neil cavuto. Lets get right to the big market story of the day, those oil prices. As you can see right now you have got oil an interesting day for it. Higher by 2 in the premarket pulling back now. As you can see still up more than 1 especially for the wti contract. Brent moving higher as well. United Refining Company chairman and ceo John Catsimatidis is with me. John, all of this is happening. This opec news, the saudies, a Million Barrels a day they will start doing that, cut at the end of july. That goes through 2024. This was not and opec move. This was a saudi move. How does this play out here in the for American Consumers . Well of course in 22 oil was down to 68 a barrel on friday and i think the saudis are panicking because russia is panicking, saudis are panicking, theyre working in concert. So the people have to realize that. So, they create, okay, were going to cut Oil Production. Well, when you cut Oil Production they said they are going to cut Oil Production last, what was it a month ago, six weeks ago . Cheryl there was april meeting as well. That was the entire coalition. This im not sure theyre doing to cut. Cheryl im not sure they did either. Tell you what, oil didnt move. No. Oil, six weeks ago it moved from 70 a barrel, anytime it goes to 68, 70, they panic. Went to 83, 85. Cheryl it pulled back. When they realized it might not be true because they, they dont give you true numbers. You want to you want to buy flying carpet from them, go buy a flying carpet from them, its the same thing. They panicked again this sunday morning and they said, it was 68 on friday. And it went to 72, 73 right now. So maybe, maybe people are finding out the truth. Dont panic. Now in the same time i spoke to senator dan sullivan. Everything is go ahead for alaska. Well be producing another 200, 250,000 barrels a day but what the American People have to know, we moved a trillion dollars worth of income, trillion dollars worth of net worth from north america to where . Russia and the opec nations. Cheryl talk about opec plus, to be clear there are sanctions against russia. But there is been several reports, several reports do you think anybody is paying attention to that . I tell you the truth. Cheryl theyre shipping under tankers disguised, basically avoiding i tell you the truth, im in the oil business. The russian oil is going to pakistan. Theyre shipping it to the United States as pakistani oil. Whom do you want to trust . Whom do you trust . It is all crazy what is going on. You know who is losing . The American Consumer is losing. Cheryl talk about this summer then. What does this mean . It is summer. The driving season, the flying season, people are booking travel. Theyre planning trips for sayization. Were at 3p. 55 on average today, better better than a yeao be clear but to be clear, do you think the prices go up . The saudis, russians will stir the pot to make sure prices go higher than lower. Exactly whats going to happen . We dont know, but it was 68 a barrel, the best price on friday it has ever been. Today it is 72, 73, so prices will tick higher but lets not forget, north america, canada, the United States, is capable of being the Largest Oil Supplier in the world if we had washington that would help make it happen. And, maybe washington is getting a little more reasonable. They made a deal with kevin mccarthy, okay . Ever since the old chief of staff of President Biden left it seems to be a little more reasonable. They made a deal with senator dan sullivan in alaska for the 250,000 barrels. If the Democratic Party wants to be reelected, how do you say stop screwing the American People, the American Consumer. Cheryl john, look a lot obviously will play out. Particularly not just from your oil background, your Grocery Store grabbing bound, you will have pulse on all of this inflation which is energy prices. Forget the core, it is energy prices. John, i want you to stick around. I want you to get your thoughts on the crime crisis facing this city and other cities. I have a lot of opinions, you know that, cheryl. Cheryl i cant wait to hear them. Dont leave yet. Wall street is backing up on bets on possible cuts for future meetings from the fed. Lets get the read from slatestone Market Strategist kenny polcari. We saw the jobs report, it was 75 chance the pause for june. I think july meeting the question mark is being raised for. Sure, because they made it, they made it cheer i think that theyre going to skip, right . Lets change the narrative to skip, not pause because pause means they will stop. Skip just means theyre not going to do it this one but theyre clearly not ruling it out for the next one i think that is where the narrative going. I think it is 72, 73 now expect june to do nothing, so they will skip. Now theyre talking about what happens in july. Look, based on what happened this weekend with the saudis and the price of gas, if you start to see oil move up again then it will add upward pressure so at least it will slow inflation from going down. It may push it a little higher again which leaves open the next conversation is should the fed raise again . I think they should. I think they should raise again in june. They probably wont but more than likely raise again in july. Cheryl youre saying raise again in july. You had a lot of wall street bets placing there would start to be cuts in the fall. I assume you dont think or do not want to see cut in the fall, am i reading you right . I never understood how wall street was even assuming there were going to be cuts in the fall they werent even done raising get theyre already talking about cutting it. By the way if they were cutting in the fall you better be careful what you wish for because the only reason they would cut 75 basis points three times would be if the economy started to spin out of control and by no means does it look like the economy is spinning out of control. Look at the reports we got last week, nfb, labor is still strong. Unemployment went up a little bit, labor still strong. We had job creation more than we expected. I dont think how anyone can expect there would be any rate cuts in 2023. The first rate cut is happening sometime in 24, first quarter, beginning of second quarter, certainly not before then. Cheryl nasdaq at 2023 highs as we begin our week. Apple is big piece of that, certainly high intraday, apple, Worldwide Developers conference will come up wii we get to in a second what about the stock . It is the latest announcement they come out with, right . There is virtual, virtual headset thing they have been talking about. Havent paid attention, that, this whole a. I. Phenomenon which is driving the whole megatech sector. Weve seen what happens, names like nvidia, google, amazon, somehow names you tie to Artificial Intelligence has gone crazy. Cheryl, you and i both know, kind of, kind of getting a feeling dotcom bubble in 99. Not to suggest i it would be boom and bust the way it did. There were no real revenues. These are Real Companies were talking about. I think theyre a bit ahead of themselves with all the hysteria theyre whipping up around chatgpt and everything else. Cheryl i value your opinion and respect your energy on a monday after a summer weekend. Kenny polcari, good to see you as always. And you. Cheryl less than one hour apples Worldwide Developers conference will be kicking off. So the tech giant expected to unveil its high little anticipated Virtual Reality headset. Were hearing about a 3,000dollar price tag. Kurt knudsson joins me live from apple headquarters in cupertino. Kurt, what are you expect . Good afternoon to you. Tim cook expected to hit the stage in one hour as you mention. This will be a makeorbreak it moment for him with his legacy because this is the first big product category innovative from apple in 10 years. You remember 10 years ago it was apple watch. I want to remind you consumers, as well as business, who wants a watch . My watch works fine . Look what happened with apple watch. Look what happened with the innovation of apps inside of that. Now what is apple . They have a trillion dollars in services on that side, aside from their hardware business. So it is this headset that is coming. You say why do i care . I dont care about a gamers headset or Virtual Reality headset or augmented reality headset. You put all of that together come out with what is called a mixed reality headset where you cannot only see what is going on around you but you can shut that down experience what this headset brings you in the form of content. So where is that taking us . Is apple today going to also be announcing a 3 d network or an xr network . Who knows. That is something were about to learn. What we do know, youre right, that price tag is way up there, 3,000. That tells me this is not geared toward the consumer. This may be for the prosuer market to create something bigger. Apple will not waste their time on a oneoff especially after 10 years of really doing nothing in the space of innovating a category theyre really well capable of doing. So it will be very interesting what we learn in the next hour or two here. We expect also that this, whatever this is, this xr headset not to come out until late they are fall, and a lot of controversy around it with that price tag. Cheryl exactly, exactly. Well watch and wait for the 1 00 p. M. Eastern headlines. Kurt knutsson thanks so much for the live report. You bet. Cheryl the 2024 republican primary field getting bigger by the day. We have breaking news who took his name out of contention on the gop side. Chris bedford, scott bolden are here to break it all down for us. Your record label is taking off. But so is your sound engineer. 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 your brain is an amazing thing. But as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. Thankfully, the breakthrough in prevagen helps your brain and actually improves memory. The secret is an ingredient originally discovered. In jellyfish. In clinical trials, prevagen has been shown to improve shortterm memory. Prevagen. At stores everywhere without a prescription. First, theres an idea and you do something about it for the first time with godaddy. Then before you know it, it is a life changer. you make your first sale. Small business first. 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He filed his paperwork with the fec a little more than hour ago. New hampshire governor, chris sununu rumored for possible candidate, generating a lot of buzz, decided not to run for president next year. He sat down with cnn well look to see whether or not he casts any light who he would support come next year. Well talk about South Carolina senator tim scott. He has been introducing himself to primary voters but today he was in new york city to bristle with the media elite, the women of the view. Scotts visit to the show is notable because host joy behar recently claimed the senator could not understand racism because he is a republican. Within the last hour scott fired right back on on the view. One of the things i think about, one of the reasons im on the show, frankly comments on the show, only way for young africanamerican kid to be successful to be exception not the rule. That is a dangerous, offensive, disgusting message to send to our young people today. Reporter fellow south carolinian nikki haley also out on the trail, should be in texas. She made headlines this past weekend when she essentially criticized comments former President Trump made praising north koreas leader. Haley urged voters not to get caught up with all the drama in the past. Americans are tired, theyre tired, they want government that will work for them. They have want to stop all the chaos, stop the negativity, stop the baggage actually watch government get things done. Reporter as we talked about we expect more people to join the field. As we talked about mike pence will announce his bed on wednesday speaking in iowa. Former new Jersey Governor Chris Christie will be speaking in New Hampshire tuesday, current north dakota governor dug doug boring rum. Will announce. There are still talk of potential third party bid. West virginia democrat joe manchin told folks this past weekend he is not ruling anything in or out. Cheryl, essentially stay tuned. Cheryl stay tuned to stay tuned. Mark meredith thanks for that report. We have the former Dc Democrat Party charm scott bolden and sarah bedford. Chris christie is set to announce. Mike pence filed his paperwork. The field is getting crowded now and we have a different scenario than we had in 2015. In 2015 at this point in time no one was talking about donald trump. They were talking about Florida Governor jeb bush. Do we learn anything to history in 2016 and what do you make of the fact that you have more and more names coming in that could potentially submit the ticket . Yeah. I think donald trump is probably happy to see more and more entrants into the race because like you mentioned there is probably about a third of the Republican Party who is going to vote for trump no matter what. The more people who are fighting over 2 3 of the party that remains open to another candidate, the more people who are doing that, better chance that donald trump has a glide to the nomination. What is different from this time trump in 2016 ran against the republican establishment. This time around he more or less is the republican establishment. He had a really big role getting current rnc chair installed for example. He has played a really big role getting a lot of state party chairs, state gop chairs in place. So he really cant make the same sort of case to voters. I do think that the polling right now is more or less meaningless because the race hasnt really gotten underway. The field isnt even set yet. So even though he is enjoying those doubledigit polling leads right now there is a lot of room for someone like ron desantis or tim scott to make a compelling case especially in the quirky iowa caucuses. Cheryl scott, i spoke with 2024 president ial candidate Asa Hutchinson earlier this morning on fox business. Here is what he had to say about the growing field. Well we welcome them into the race and it is about half the size as it was in 2016. So it is still a manageable number and more voices really had add to the discussions of ideas. It is important to remember over a month ive been announced candidate and im talking about the number one issue that we face as americans going into 2024 which is the economy. Cheryl so, scott, is it about messaging or is it about personality . Well its about space if you will. As the crowd, as the crowd grows this Republican Party, theyre all vying for number two but not necessarily the vicepresidency position but whether trump stays in. He is face two more indictments. He has been indicted already, having represented Public Officials who are under indictment and running for office it gets hard to stay in the race. If trump gets out then the field is wide open. Lightning more likely to strike in the bottle than not. So trump right now, whether he is running from the jail cell or not he enjoys all of these people getting in because he has got a 40 point lead whether that matters or not and so personality is important, connecting the voter is important but more importantly are you going to run out of donors . Donors are important to stay in the race or get in the race. Only the most loyal are there but there is only so much money on the republican side to finance all of these races. Cheryl a lot of it is flowing to Governor Ron Desantis right now as we saw when he began his fundraising when he finally announced. I want to ask you about this, probability better f kennedy, jr. Will join elon musk on twitter spaces this afternoon. This is today. The democratic president ial contender gained the support of former twitter ceo jack dorsey. Sara, what do you make of this . Twitter spaces wasnt exactly kind to ron desantis a lot of criticism about that launch. Here goes robert f. Kennedy, jr. . I think robert f. Kennedy, jr. , is one criminally underreported. He is polling as high as ron desantis is polling against trump. He is polling a remarkable number of democrats into his corner given the democrats already have the white house. So many democrat voters warrant to see someone other than biden be the nominee. One in five of them saying they would support rfk, jr. Even though Many Democrats accuse him of being a conspiracy theorist when it comes to things like vaccines. He has populist message, kennedy name, biden wont debate him, wont engage but pulling a substantial amount of support. Very interesting. Cheryl scott, 10 seconds, last word . Compared tiffly speaking he is still a nonfactor whether he breaks twitter down or not. He is nonfactor. Biden will be the person who will be the democratic nominee and beat trump and other candidates connected to trump if trump doesnt stay in the race. Cheryl let the games begin. Scott, sarah, thank you very much. Great having you here. Coming up millions of u. S. Dollars reportedly sent to Food Producers in china but what about americas farmers . John boyd, jr. , president of the black Farmers Association, there he is and he is next. The chase ink business premier card is made for people like sam who make. . Everyday products. Designed smarter. Like a smart coffee grinder that orders fresh beans for you. Oh, genius for more breakthroughs like that. I need a breakthrough card. Like ours with 2. 5 cash back on purchases of 5,000 or more. Plus unlimited 2 cash back on all other purchases and with greater spending potential, sam can keep making smart ideas. A brilliant reality the ink business premier card from chase for business. Make more of whats yours. I have type 2 diabetes, but i manage it well. Its a little pill with a big story to tell. I take oncedaily jardiance, at each days staaart. As time went on it was easy to seee im lowering my a1c. 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Your Raymond JamesFinancial Advisor gets to know you, your passions, and the way you give back. So you can live your life. Thats life well planned. Cheryl take a look at this the u. S. Military releasing video of a close call with a chinese warship in the taiwan strait. The warship cut sharply across the path of a u. S. Destroyer on saturday. Now the navy says it got within 150 yards of the american vessel which had to slow down to avoid a collision. Meanwhile china rolling out the red carpet to several of americas biggest ceos like elon musk and jamie dimon. Business leaders are traveling to the communist nation to scope out the state of its postcovid economy despite security concerns from washington. Edward lawrence is live at the white house with the latest. Edward . Reporter cheryl, you know Chinese State media is reporting that nvidias ceo was going to be the next ceo to visit china. After news of that surfaced other state media in china reporting the ceos changed his plans, now coming back to the United States. But nvidia cannot export its most advanced chip to china because of export controls but as you said the chinese wooing other american ceos you mentioned two of them there. Other ones starbuck ceo, elon musk, tim cook. Latest Commerce Department export data showing the u. S. Increasing exports to china 21 from 2020 to 2021. Biden administration offering no warnings to u. S. Companies about doing business in china. Nsc spokesperson said the companies can do business in china as they see fit, developing into a big Campaign Debate for the 2024 elections. We have to have a strategic decoupling which means when our military component parts, our medical supplies, weve got to produce the supply chain elsewhere than china. That doesnt mean we have a total decoupling of our economy and i think that is why some Business People are there. Reporter as china tests the u. S. Economically it also failed to live up to the phase one trade deal while President Biden chose not to trigger the Enforcement Mechanisms written into that agreement, the chinese as you just said sent a warship to cut off an American Ship in the taiwan strait. Our intellectual property and that of the our allies to build their economy and build their military and now of course militarily where theyre challenging a United States warship. Reporter so experts in china, experts on china see this as connected. The communist party looks at all of this as a connected series of events. The u. S. Historically looked at each issue separately when it comes to china. Back to you, cheryl. Cheryl very true. Edward lawrence live at the white house. Edward, thank you. My next guest is raising alarms how our relationship with china is affecting farmers. National black Farmers Association president join boyd, jr. , is upset with the Biden Administration for reportedly sending money overseas to places like china and russia instead of taking care of American Farmers here at home and he joins me now and all of this coming from this report by senator joni ernst who basically exposed the fact we were sending 1. 3 billion to china and russian entities. 1. 6 million went to chinese Food Producers. Another 2 million went to the wuhan lab. I could go on and on. In particular how upsetting is this to you . Well i think it is a real schaap in the face to americas farmers. Last year alone we lot of over 10,000 participates, u. S. Farms here in the United States, looks as though the administration has money for chinese farmers, they have money for russia, they have money for ukraine farmers but they dont have any resources for americas farmers right here at home. You have to take care of American Farmers. This is the oldest occupation known to man here in the United States which is farming and this administration, right now at this point in history, giving money to chinese farmers and russia, what does that say to struggling farmers facing for closure right now . We have members of our organization that are facing foreclosure we dont have the answers for, dont have resources to save these farms. Were looking at these types of resources going out to chinese farmers and russia and you know what . China can come here and bid on our farms at auction and bide our farms but we cant go to china and buy their farms. Something is terribly wrong with this picture. They can come to the United States and buy Companies Like smith field but we cant go to their country and buy their companies. We have to take the and the administration is taking the wrong approach with this whole thing. Cheryl to your point the chinese can come to buy land in florida, for example, other parts of the east, sometimes next to sensitive sights. At least Governor Desantis is now pushing back on that but let me ask you about the 10,000 farms going out of business. What is the main thing happening to these American Farmers . Why such a stunning number of farmers are losing their livelihoods and losing their land . We have not reached out to the administration and democratic leadership, Chuck Schumer and others to issue a complete farm moratorium would stop direct loans at usda being foreclosed on, guaranteed loans, other Agricultural Lenders to stop selling our farms at this point where were facing the highest input costs. Im buying soybean seeds for 70 a bag but i havent had a raise in commodity price on the markets in probably 20 years. These are real issues phasing americas farms. While were watching our farmers lose their livelihoods. When you lose your farm you lose your history, you lose your name, you lose the cemeteries that your loved ones are buried on these farms. To watch these kind of monies go out to other foreign entities instead of resources coming to americas farmers, we never got the 4 billion we were promised by this administration. It was repealed in congress. Here we are, these monies keep saying it, going to china, russia, instead of going to americas farmers and taxpayers at home. Cheryl this is after 2022 when you and your fellow farmers had to deal with the fertilizer issues that were coming out of the war with ukraine and russia. That is another side that is now very difficult for all of you. You cant find people to work, the labor issues as well. John, always great to see you. Keep us posted. Thank you for having me. Cheryl john boyd. Rising retail crime has stores taking drastic measures. Walgreens in chicago is trying a new tactic they say is about convenience but customers have a different take on this. Were going to show it to you. The biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. It still does. What can you do with spy . Ive spent centuries evolving with the world. Thats the nature of being the economy. Observing investors choose assets to balance risk and reward. With one element securing portfolios, time after time. Gold. Agile and liquid. A proven protector. An everevolving enabler of bold decisions. An asset more relevant than ever before. Gold. Your strategic advantage. S. Cheryl chicago crime continuing to take a toll on businesses. A walgreens branch revealing a new design which is two aisles for customers to shop for themselves. If they want anything else they will need to head to a kiosk and request an employees assistance. Fox news correspondent mike tobin has more. Mike, what is this about . Reporter well you know you have see it in all the videos of flashmobs, shoplifters grabbing all they can apparently with no fear of getting in trouble. If you said to yourself something has to change, this very well could be your future. Walgreens opened up a new retail store in the south loop or redesign ad retail story in the south loop. The bulk of the store is empty. Retail is limited to two aisles which customers walk enhanced items, a lot of those items are locked behind glass. Most of the inventory is protected in the back of the store. Shoppers get on a kiosk, make the order, gets delivered to a window. General public has limited access to the inventory and therefore cant loot it. Wall street issued a statement, were testing a new experience with this store, new concepts, technologies, practices to enhance the experiences of our customers and team members. So far the primary complaint we heard it is impersonal. Were confused when we walked in. From the suburbs, we have never seen anything like this. I like it. It is different. I aint never seen a walgreens like this. This is unique, definitely. Feels almost like a Doctors Office when you walk in, aesthetic of it. Reporter walgreens wont say this is a direct response to shoplifting. The company stresses new technology but people out there know that their Retail Experience has been impacted. 79 of those polled by the National Retail federation say they pay more because of shoplifting. 2 3 of those polled are worried about gangled shoplifting. More than half of the people polled believe Law Enforcement and the courts are too lenient on shoplifters. Cheryl. Cheryl all good points. Mike tobin live for us in chicago. I want to bring back John Catsimatidis. Over the weekend i needed face wipes. They were locked up. I had to call an employee to help me. What walgreens is doing in chicago is not going to work. Somebody talked the president into the new scheme just to do it that way, it wont work. What ive said publicly in nationally and in new york is professional, professional crooks, people are going in there and wipe out a store, they have to go, there has to be law and order. They have to go to jail. If somebody steal as loaf of bread from us, we dont care. If a person is hungry, it is a different kind of crime. When theyre professional crooks, when there are professional, when the people are continuously killing and abusing people, they have to, theyre not, they should not be part of society. Enough is enough. You know, cheryl, 484,000 people have moved out of new york in the last 10 months. When i talk to the comptroller of the state of new york on, a couple weeks ago on my show sales taxes are down 40 in the month of april. Im waiting to see what may numbers are going to be f theyre going to be down 40 in the month of april, how is new york state, may is same way, how is new york state going to pay the bills . The other report was, that, of the people, moved out, it is going to cost new york state 50 billion. How, theyre busy raising the budget. How are they going to pay for the budget if all these people are moving out . The exodus continues. Cheryl look, if youre, if youre a new york city lawmaker, if youre eric adams who is the mayor of this city youre fully aware you need your tax base to stick around. He is hogtied by albany to be clear here. There was some move on the cash bail. There was more discretion given to judges. Not enough. Cheryl i knew you were going to say that not enough,. Not enough. Professional crooks, people continuously killing people and victimizing people, theyre not, they should not be part of society. We are either going to have a Lawful Society like we always had, or, lets arm, lets give everybody guns call it dodge city. Cheryl some states have lawful societies. Not just the one were currently sitting in. I want to ask you about this, this is important to you. House lawmakers hold hearing tomorrow on importance of am radio. Youre fiving to keep am radio stations in the new 2024 car models. What is going on with that . What i said to ford, ford responded, what happened is, anheuserbusch, net worth of anheuserbusch went down 27 billion. Ford said, well we dont want our stock to go down 27 billion. So they are installing amfm radios. It is good for democrats. It is good for republicans 97 of the people. Lets see what General Motors does because theyre the next guys are at bat and well know. They asked me to testify tomorrow in washington. Lets see if i go down. Cheryl i hope you would, if you can. Keep us posted on that for tomorrow. Thank you. Cheryl John Catsimatidis. Good to see you, sir. Always good to see you. Cheryl lets take a look and check in with taylor riggs with the big money show to see what they have coming up in about 15 minutes. Hay, taylor. Taylor cheryl it is about the big Oil Production cuts for saudi arabia. What does it mean for you at home . Are prices going up at pump this summer . That will be the debate. At 1 00 p. M. Apples Worldwide Developers conference will which get vr or hints about a. I. . That will be up for debate on our show. All that coming up at 1 00, but first more coast to coast coming up after this. I take caring for my kitty very seriously. When i found a Health Monitoring kitty litter, i had to meet the creator. Oh, hi, kitten please call me martha. This litter seriously stops odors and it changes colors. [daniel] go to prettylitter. Com. Ah, these bills are crazy. She has no idea shes sitting on a goldmine. 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The minute those Interest Rates come down all hell will break loose, prices will go through the roof. Cheryl real estate mogul Barbara Corcoran with a warning for potential buyers. We have a global real es stayed visor who discuss what is the market really like today. Great to see you again. Wonderful to see you, thank you, chairman. Cheryl i thought, you have and i had this discussion so many times. I really thought by the summer with the higher Interest Rates pushing to 7 we would ski a slowdown in the bidding. That would be the prediction. It is not playing out, jenna. This market is so unpredictable and really so inconsistent it is really hard to even assess the Housing Market because it really shifts right when it appears to be turn, around. I think it is impossible to time things. I dont think we have a national Housing Market. In fact i would say it is so localized. You see every city, you see every street even, almost has their own unique Housing Market. And what the markets are really being driven by a number of factors. One of the biggest factors that it is being driven by is inventory, the lack of inventory that we have. We still have historically low inventory. It is really divided. So you have some cities, you have in fact, it is 21 out of 50 of the largest metro cities, they have less inventory this year than they did last year. Then you have cities like austin and nashville, and they have over 100 more inventory this year than they did last year. Another thing that im really seeing is, im still seeing pullback from some buyers. Yes in some markets you are seeing bidding wars. I see a pullback from some buyers. I spend a lot of time with them were talking about houses. Were talking for hours. It seems like our conversation is always going back to the economy. They have a lot of concerns. Geopolitical concerns, the looming recession, Interest Rates, further instability in the banking sector. These are all factors that have pulled some buyers out from getting into the Housing Market. Cheryl are the lending standards have they gotten tougher, more restrictive . Banks, we have went through a Regional Banking Crisis where we lost some regional banks. Absolutely the banking has gotten more difficult forepeople and youre not just seeing pullback from buyers, youre also seeing pullback from sellers around this is the biggest thing that were seeing. These sellers love their 3 and less interest rate. They really dont want to give that up, nor do they really want to buy down and get into a smaller place. Cheryl before you go, how is it in florida right now . What does the market look like . It is sumner florida. It is summer in florida, it is warm and beautiful but florida is so hot in real estate. We continue to really have the growth in florida. Cheryl been there a lot. Been there many times for you have a piece of that. Jenna, great to see you. Wonderful to see you, thank you,. 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Call unitedhealthcare for your free decision guide and learn more about lowering your outofpocket medicare costs and seeing any doctor who accepts medicare patients. Oh, and happy birthday. Or retirement. In advance. Cheryl all right, a quick look at the markets in the last two minutes here. Pretty mixed day. Investors are waiting, of course, for the apple developer conference getting under way in literally about two minutes from now. Lets bring back kenny polcari. All right, emerson electric. Tell me about it. Yeah. So first thing, its not an electric company. And last week i was having a conversation with our friend luke key lloyd, who i love. But we were talking about what it is, and and its not an electric company, its diversified industrial. Theyre doing a lot in the a. I. Space, in the Artificial Intelligence space, with their intelligence solution which goes unnoticed. When you talk about the future of a. I. And its impact and all that, emerson is one of those names that kind of fly ifs under the radar that people dont associate that with, right . It trades in the 75100 price range. It had a great day on friday when they took the industrials up 2. 5 , right . Its backed off a little bit today, i think about 20 cents or so so, but i think its setting itself up once again to move if higher. And especially if we get the soft landing and we dont get this deep recession that weve been expecting, the industrial names will play catchup with the rest of the market, and names like emerson will participate. Cheryl katherine told he this morning she was going to start selling some of the small cap a. I. Names. She thinks theres too much fluff in the market, what do you say . Listen, i think that thats true, but it depends on who you are and what your length of time is, right . If youre just trading it, then, yes. Im a longterm investor, while i think there is some fluff, ill buy some downside protection, but im not going to get rid of my position, and id actually add if they come in enough. Cheryl even with nvidia . Even with nvidia. And i love nvidia. [laughter] cheryl i know you do. But, yeah, nvidias way overdone. It is way overdone. But buy some downside protection. Im not getting rid of my core position. I like it for the long term, so there you go. Cheryl kenny polcari, never boring. [laughter] good to see you. And you as well. Cheryl that does it for me and coast to coast, im going to send it over to taylor riggs, the big money show. I hear theres a special guest today. Taylor we do, we have a very special guest im going to announce in a moment. Its interesting you were talking about nvidia, im wondering if apple is going to give us some hints of a. I