I dont think theres a lot of people Walking Around that dont find themselves situated in ideological camps that they can see can and cannot. Increasingly when they look at joe biden, theyre just seeing cannot. If we did another vote and removed another speaker, i think we could lose the house and endanger the republican majority in a dire way. Mike johnson is our speaker. We have the compassion to lower energy pr prices and if i sound a little frustrated, i am. We have more energy than any other company in the world. Theres a group of right wing students on campus and targeting the lgbt Student Center or the Muslim Student life organizations, and they were saying the school should cut ties with them completely. I wonder how that would play out. Stuart why dont we play some diana ross and supremes. I go back that far. You dont. 11 00 eastern time and monday, april 22. V. Did you know this is earth day. You do now. Check the markets, dow up 45 and nasdaq up 8 and s p up 7. Didnt start out like this. 9 30 eastern, open the market and they shot straight up. A bounce back from last weeks heavy selling and its faded, dow up 40, nasdaq trying to hold onto seven point gain. Big tech, they were all up. Not now. We have Microsoft Microsoft for heavens sake below 400 a share, 396 and meta at 474. Both down. 10year dreary yield moving up and moving 4. 62 . There you have it. Now this, theres two events of National Significance taking place in new york city today. Neither makes new york look good. Opening payments of Donald Trumps hush money trial. This is a political trial. Its deliberately tied to keep trump away from the campaign and gagged him and threaten to hut impeachment in prison for speaking out and they want a conviction before the election. It is hard to believe that judicial persecution like this is taking place in a american courtroom, but it is and its in a new york courtroom to boot. Across town, Columbia University and all classes virtual today. Thats right. College cannot guarantee the safety of 4,700 jewish students and antiisrael demonstrators are taking over the campus and its come to this jewish students chased by mobs chanting antisemitic slogans. Surely that shades of jerkinsny in the 1930s. You have to ask germany in 1930s. Why is new yorks senior senator, Chuck Schumer . Highest ranking elected jewish official in the land. Hes a democrat and at this point not condemned antisemitism in columbia and its spreading in the city. If this were white mobs chases blacks or muslims, the National Guard out in force and every politician demanding action. But with jews in new york, its apparently deferent. If donald trump were a democrat, you know hed not be sitting in a new york courtroom fighting political persecution. Democrats run new york, theyve run it into the ground, third hour of varney starts now. Steve forbes, a new yorker by any standard is with me now. Wheres Chuck Schumer . Wheres waldo . He proclaims a true friend of israel and it counts and hes not this. That terrible agreement with iran came up and he was obstructing cerumen stensively against it and now iran is on the cusp of a Nuclear Weapon and in terms of israel itself, he wants to impose a twostate solution. Two states means two states want to coexist. They gave hamas control over gaza, gave a gaza independence and hamas took over and see what a twostate solution means. Chuck schumer talk as good game, but when it comes to action effective action, hes missing in action. Stuart i think hes held captive by domestic politics and wants the democrats and biden to win in michigan, and the way to win in michigan is deny israel support. Thats what hes doing. The way to win is show the American People you stand for something that can make this country great again. How about that as a slogan . Stuart not bad at all, steve. Lets see, weve got google, last week we reported this, they fired 28 staffers for protesting a cloud contract with israel. Okay, 28 fired at google. Now companies are limiting or dropping their diversity goals all together. Give you an example of this, steve. Kohls used to cultivate diverse leereds now just leaders. You welcome these changes, dont you . Calvin coolidge said you dont get in trouble for what you done say. Its one thing to get a pool of applicants and try to mentor people to bring them into the regular work force and things like that. But quite another when you pose quotas and what the Supreme Court did in terms of harvard case in terms of quotas is reverberating in the board rooms. Even though the board rooms werent directly hit by the case, they know theyre next and lawsuits are coming and lawsuits have been filed and youve got to go back to a meritocracy. Stuart in my editorial i said democrats have run new york and run it into the ground. Am i being too harsh . No, very mild. They run it and theyve ruined it. Some day voters in this town will wake up again just as they did in the 1980s and 1990s when elected mayors who took a bankrupt city and made the city great again. Stuart hard to remember, but its true. 25 years ago, this become a republicanrun city. The mayor was a republican. And said so publicly and he won. How about that. Won twice. Stuart yes, twice. And seriously, can you see that happening again . Well, michael blockburg even though hes a democrat ran on the bloomburg ran on the republican label and thats three. It can happen. Stranger thing haves happened. Stuart Stranger Things have happened. They can happen and mets are winning baseball games. That shows anything can happen. Stuart okay, ruin my argument. In my lifetime, i dont expect to see a republican elected for statewide office in california. My lifetime. So my Life Expectancy is somewhat limited but nonetheless, i dont expect to see a republican in california win. Steve . In the next 40 years, youll see it happen. Around your 110th birthday, itll happen. Stuart youre very generous. Time do change the subject and go back to the markets. Jason katz is with us this morning. I see a bit of green on the left hand side of the screen, but not that much. First question, what are the odds of a rate hike . I heart you said hike; right . Stuart yeah. What are the odds . The odds are slim to none, and slim just packed his bags and left town. Stuart really . Not going to happen. The forecast is for longer with a chance of higher. But think about it, the bar for a rate hike is extraordinarily high. And if they were to raise rates, it would completely and utterly up end the market. I dont think thats happening. It would be too political if they did. Stuart exactly. What a Federal Reserve leader raise Interest Rates right before president ial election when he no doubt wants to serve a second term . No way . So, its really counter intuitive but if you think about it, the fed trying to be a political is turning out to be political. If they dont contrates by september, the election is around the corner and if theyre not cutting then, were not getting a rate cut period this year. Both parties whether its a cut or no cut or going to spin it, that it was political. Theyre between a rock and a hard place. Stuart all my friends are asking, is this the beginning of a bear market because weve had lots of selling this month. What say you . I dont want to be dismissive over a 5 pollback on the s p or 8 pullback on the nasdaq, but for crying out loud, were up 30 off the bottom. Weve been at this a long time. What do markets do . On balance, they draw down 10 a year. Thats the average pullback. So all the haters piling on this is a precursor for something ominous, i think theyre sorely mistaken. Im not all bulled up here but look, earnings should deliver. I think that you have gdp that could be upwards to 3 this year. The vast majority of americans that want a job can get a job. Maybe not the kind of job they want. Earnings must put up or shut up and thats the Pivotal Point with the bear market or not. Theyll walk the walk and on a Company Level seeing last week and youve got big tech reporting in week, youll get very binary reactions on a Company Level. Stuart got it. Jason katz, thank you for joining us. Mow google popping up Ai Development and Kelly O Grady is here to explain. This is smart. Theyre consolidating a lot of Ai Development under one team. This is all about fending off challengers to its lead in the Search Market and your beloved microsoft being one of them. Stuart thats well formed and thank you for that. The change moves all teams working on ai models into one department and streamline and development and communication and scale that capacity as googles ramping up ai product offers and moves responsible ai teams under that umbrella so ceo representative shared this quote we need to be the best in class at deploying accurate trust worthy and transparent ai products were users and customers and remember this comes after the very public failure of geminis image generator, that female pope and theory consolidation versus disparate teams and avoiding as a matter of toos. Its no snafus and reorganizing around efforts to maximize efficiency, cross business collaboration and wall street loves to hear that. Stuart big tech faces a reckoning on ai. Put up or shut up. Thank you, kelly. Youre with us thats you. Youre with us for the hour. Thank you very much indeed. I was reading off the prompter. Im like biden, i need a script. Varietialists have a new environmentist is have a new target, individually wrapped cheese slices. A threat to the planet. Well explain that one. Trump Campaign Said bidens recent bunt proposal includes the largest tax hike ever. How much bidens plan could cost you. The senate could pass a 95 billion foreign aid package as early as tomorrow and 26 billion for israel. Does that mean we get access to israels fine military technology . Well ask retired Navy Seals Commander dave ser sears next. With dexcom g7, the most accurate cgm, you can achieve diabetes results without fingersticks. See how exercise affects your glucose, making it easier to spend time in range and lower your a1c. I dont want you to move. Im gonna miss you so much. You realize well have internet waiting for us at the new place, right . Oh, we know. We just like making a scene. Transferring your services has never been easier. Get connected on the day of your move with the xfinity app. Can i sleep over at your new place . Can katie sleep over tonight . Sure, honey this generation is so dramatic move with xfinity. I suffer with Psoriatic Arthritis and psoriasis. I was on a journey for a really long time to find some relief. Cosentyx works for me. Cosentyx helps real people get real relief from the symptoms of Psoriatic Arthritis or psoriasis. Serious allergic reactions, severe skin reactions that look like eczema, and an increased risk of infections, some fatal, have occurred. Tell your doctor if you have an infection or symptoms, had a vaccine or plan to or if ibd symptoms develop or worsen. I move so much better because of cosentyx. Ask your rheumatologist about cosentyx. I suffer with Psoriatic Arthritis and psoriasis. I was on a journey for a really long time to find some relief. Cosentyx works for me. Cosentyx helps real people get real relief from the symptoms of Psoriatic Arthritis or psoriasis. Serious allergic reactions, severe skin reactions that look like eczema, and an increased risk of infections, some fatal, have occurred. Tell your doctor if you have an infection or symptoms, had a vaccine or plan to or if ibd symptoms develop or worsen. I move so much better because of cosentyx. Ask your rheumatologist about cosentyx. Stuart house just passed a 95 billion foreign aid package and includes 61 billion for ukraine. Greg palkot is joining us from kyiv. What is ukraine getting and when will it get there . Reporter its going to get stuff they sorely need and could be arriving pretty, pretty soon and couldnt come soon enough for a lot of u. S. Military, un crew yanisen military and poll Ukrainian Military and politicians here and russians have been outfiring Ukraine Military by ratio of 101 and air defense sparse and russian rockets are reeking havoc on the ukrainian infrastructure and more of both of the categories are on the way ahead of looming Spring Summer offensive by military and moscow had been taking swaths of ukrainian territory and no wonder ukrainian zelensky was thrilled to see House Republicans and deputies to pass the aid bill and weapons experts are breathing a sigh of relief. Take a listen. Reporter could we have seen defeat without the aid . For ukraine it would be more difficult to keep continuous front line and it would have came late and certain point would be very difficult to defend the current position. Reporter people are in kyiv and meeting with the officials shortly and aiming for an exact idea where your taxpayer dollars are going. Its not completely finished yet, stuart, the senate has to okay this package and once again that is expected to happen on tuesday and then President Biden has to sign off on that making it law and could happen too. Stuart thank you, greg. The aid bill tomorrow and it includes more than 26 billion for israel. Retired Navy Seal Commander dave sears joining me now. Dave, i have a question for you, were giving billions to israel. Do we get more Israeli Military technology in return . Im thinking iron dome. The u. S. Has around 40 of the Tech Startups and israel one 36th the size of us has 26 of the Tech Startups and weve gotten reactive armor and antitank missiles, night vision equipment and the sharing of technology is massive. Stuart politics has nothing do do with it. We need their technology and were quite prepared to pair for it and thats a good thing in your mind; right . I do believe it is a good thing. We should be definitely return on investment is better than 2 trillion in afghan tan or 2 trillion in iraq or even the were talking about like 90 billion in ukraine. Youre getting no technology other than testing of our own equipment. Stuart at least 22 people, including 18 children were reportedly killed by israeli air strikes in rafah over the weekend. In gaza. Will this upset the apparent quietening of the israel versus iran situation . You expect a response of somebody in the middle east because of this report . I dont know when thats going to cop. Frankly, i dont think iran really cares at all about palestine. Iran goes with whatever solution ends upcoming out of there. They care only about palestine and the people in palestine to irritate and try to defeat israel. They would happen think throw them to the wolfs and sacrifice them to the wolfs and hezbollah as well and and theyre still reeling from their seriously failed attack on israel and then the israeli response to that so iran is trying to figure out what its next steps are. Stuart is the main military conflict in the mideast in the immediate future going to be israel taking rafah and taking out hamas . Is that where the military action will be concentrated . I believe the military acts on the ground will be concentrated there. Israel cant stop, they have to take rafah. Pastina indians could stop and release the hostages and thats the underlining peace. Iran has been for 40 years the me lined actor in the region behind all this. Stuart youre a form earmuff i have seal and Navy Seal Commander. How would you judge the performance of the israeli troops going house to house, urban warfare in gaza so far . Incredibly well done. Its very difficult to do urban warfare and control civilian casualties and not take your own amount of massive casualties and the technology between the drones scanning the streets and overhead surveillance and the troops are showing amazing amount of restraint in what theyre doing. Extremely difficult, and id give them an a for what theyre doing. Stuart got it. Dave sears, retired Navy Seal Commander. Thank you for joining us, dave. We always appreciate it. See us again soon. Thank you, stuart. Stuart now this, learning more about the white houses role in the conflict between israel and iran. Kelly, how far in advance did we know about the attack on israel . So, we knew it was coming but didnt know anything specific on timing and scale. I think were learning about that lack of communication and significant uncertainty, and thats really concerning. I want to share a wall street journal article headline with you yesterday and calls the white houses scramble to avert a full blown war frank siller net ick. Thats frenetic. Thats not the word to hear as a u. S. Citizen and. 19 day period of israel failing to confront them and the concern that iran could strike back against the u. S. Presence as a proxy. Ultimately iran did strike israel directly, but the Biden Administration officials shared the sheer scale of the barrage was a shuang and in the situation room senior members could not be sure the antimissile system would block for their missile blocking. That lack of communication and that doubt, it really raises questions of what happens next time stuart yep, and probably will be a next time. Of course. Stuart kelly, thank you. Check the markets, please. Almost two hours worth of trading right now. We have still just a tiny bit of green. We started out at 9 30 with a straight up movement for the dow and s p and nasdaq. Now weve got virtually no gain at all. Flat to slightly higher and do