Stuart it is made day. What a nice day it is in new york city. Sunshine, decent temperature, sunny streaks, thats new york city, makes new york look good on mayday. It is 10 00 eastern, to the money please. On the lefthand side of the screen, not that much, dow is up 8, the nasdaq is down 40, the s p is down 15 points. The 10 year treasury yield keeps going up, you are at 467. The 2year, well above 5 . The price of oil below 80 a barrel, 81. 42. There is the surprise, dropped below 60 grand, coming in at 57,213 per coin it. The latest read on job openings, the jobs report, how many jobs are available in america . Given number. Ashley 8. 48 million, the under the estimate of 8. 46, the lowest reading since february 2021. Perhaps ever so slightly the labor market is starting to contract a little bit. We will see. Stuart news on the manufacturing sector. What have you got . Ashley 49. 2 is the reading. The estimate is 50. Anything above 50 is expanding. Anything below 50 is threatening. Slight contraction in manufacturing. Last month in march, it expanded the first time in 18 months. Now we are talking about april, it is contracting again. Stuart all these numbers suggest the economy is slowing down. The gdp numbers, manufacturing numbers slowing down. Not much impact on the market, we are up a fraction on the dow, down a little on the s p at nasdaq. Thanks very much indeed. Now this. There are times the president should be out front leading. Surely the antisemitism on campus is one of those times the calls for direct president ial engagement. After all, its been going on for weeks but biden shrugged it off. Press secretary said the white house would leave it to the colleges, last night a riot at ucla, pro, sent proisrael groups in pitched battles, it was hours before the police force the two sides apart. Where was President Biden . He left it to john kirby to put out a tepid statement saying, quote, hate speech and hate symbols have no place in this country. Where is the forceful condemnation of blatant antisemitism . Why not a public appearance . Instead, cbs news reports biden is considering bringing some palestinians to america to keep them safe. What contrast with donald trump is biden saying as little as possible for fear of losing votes trump is forthright and immediate on with sean hannity and said this. Biden has to do something, biden is supposed to be the voice of our country and its not a voice, a voice nobody has heard and i dont think he is able to do it. I dont think hes got what it takes to do it. Stuart in my opinion he is right and biden doesnt have what it takes to lead. He doesnt have the energy, doesnt have the mental agility to answer questions, and trump obviously does. Second hour of varney just getting started. Stuart liz peek with me, trump is right in my opinion, biden has to do something to get these protests under control but he wont do it. Liz it is appalling that the president has been invisible for the weeks this has not just been going on but getting worse and worse, from being propalestinian, concern about the plight of the Palestinian People and what goes on, out and out antisemitism, hateful symbols and language, and biden hasnt addressed this at all. Everyone seems to have ignored or forgotten in may of last year he rolled out the big splash antisemitism program, firstever White House Program trying to squash antisemitism which was increasing and has been ignored in this country. Now is the time to follow through on that rather good initiative. You are not alone. On twitter, it is trending, where is joe biden . Everyone in the countries thinking do we have a president . I think trump is right. If he sat down in the oval office to address the American People, it would be so wobbly, it would be full of we have to consider this group, we have to consider islamphobia. Weve been told about islamphobia since 9 11. Its got to the point people dont even know who did that terror attack, who are the terrorists who are attacking us, this is beyond, it really is. Stuart you said the administration seems to be pushing through a whirlwind of regulations because they think there is a possibility they could lose in november so you push regulations now and keep those regulations even if you lose. Liz they are looking for any sliver of votes they might bring on whether with student loan forgiveness or taking acreage out of the oil industry, maybe look at a few votes for doing that activist thing. Theres a serious Ideological Group in the white house, they are panicked their Progressive Agenda will be put on hold if President Biden loses. Theres the 60 day rule which is interesting, if you wait until the lameduck session and pass these rules and regulations, congress within 60 days can overturn that with a simple majority. Trump did it with a lot of lastminute obama regulations, biden did it to trump and the white house is saying we got to do this now, jam through overtime regulations, noncompete clauses, emissions rules that were already declared illegal by the Supreme Court when obama did it and it looks like desperation. Stuart thank you very much. Liberal activist Michael Moore is warning President Biden that he is at risk of losing the election in november. What exactly is he saying . Ashley he says bidens support for israels war in gaza is an affront to their shared catholic faith is that will cost him the november election. Listen to what he said on cnn. Im trying to save President Biden. As soon as he does the right thing, as soon, watching mr. Biden, fellow catholic, our catholics and the pope is right on this. We need an immediate ceasefire but we are going to lose the election, we will lose michigan if we dont turn this around, President Biden doesnt turn this around, that is going to do more to put trump back in the white house. Ashley he also defended antiisrael student protesters and suggesting media reports of antisemitic and proterrorist sympathies are being overblown or even fictional. Ashley thanks. Back to the markets, Kenny PolcariKenny Polcari is with us for this hour. The economy is slowing obviously, Interest Rates are rising. Inflation is rising. Why not sell a little start . Kenny if you want to tweak the portfolio, it is perfectly okay but i would not be saying sell everything and go to cash. If you are a longterm investor it is not what you want to do, you as well as anybody knows you are in it for the game, not shortterm trades. Im not saying people should not take a look at their portfolios and tweak a little bit but by no means what i suggest that. Stuart you are assuming 5 or 10 , you are assuming it bounces back at some point in the near future. Why make that assumption . Kenny the us economy right now may be having signs of slowing, on the one hand, on the other hand the data suggests it is fairly robust. Plenty of jobs available, certainly look at the economic data, the job remains strong so therefore im not necessarily sure i think the economy is going off the edge. If i change my mind i would change my view but i dont suspect we are going off the edge. A drawdown of 8 or 9 , thats very much within the normal category of what is considered normal trading. A bear market, nowhere near that at the moment. Stuart i couldnt resist. Treasury secretary janet yellen about President Bidens plans to raise taxes on businesses and wealthy people. The president has been very clear no family earning less than 400,000 will face a tax hike. He has not proposed such a thing since he took office and hes not proposing to allow that to happen in parts of tc ja expire. Stuart biden wants to reverse all of trumps tax cuts. Would that not hurt the middle class . He has hurt the middle class. Look what people are paying to live every day. Inflation has gone crazy. Everyone he wants to take away the trump tax cuts and carve out people earning less than 400,000. Try to do that, not sure that will happen but the middle class and the lower end will get hurt because they are already getting hurt with inflation the way it is. Not sure i believe anything janet yellen said or anything the administration proposes. In the end they are looking to raise taxes across the board. Stuart if trump wednesday november is that good for the market . I think it is good for the market. But what if biden wins in november, bad for the market . Or good, spend a ton of money. Could be good. How does the whole executive branch look . Is a democratic sweep and complete win . Or is there going to be a mixed congress . That could be true with trump too. We could have trump in the white house but a Republican Senate and democratic congress, gridlock works the best for the market. Stuart 5 looks good on a 1year treasury. Weve been through this before. Thanks a lot. Heres what is coming up. The houses affected to vote on a bill that would crackdown on antisemitism on College Campuses but not all democrats are on board. Aishah hasnie has the details in a moment. The white house is considering bringing palestinians to the us as refugees. How will that play out politically . Roger marshall on that next. Power outages can be unpredictable, inconvenient, and disruptive to your life, posing a real threat to your familys comfort and safety. When the power goes out, you have no lights, no refrigeration, no heating or air conditioning. The winds are not letting up at all here, and were going to see some power outages. 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Well the next time you go through it, dont make it so hard on yourself. Have a generac home standby generator. Call or go online now to request your free quote with one of generacs nationwide dealers. Special financing and low Monthly Payment options are available. And if you call now you will also receive a free sevenyear warranty valued at over 700. 00. The call is free, the quote is free, and theres no obligation to buy. Call or go online now. So the next time theres a power outage, your home powers up. Power your life with generac. Call or go online to request your free quote today. Stuart a bit of a turnaround for the dow, up 70 points. Nasdaq down 40. The 10 year treasury yield gets closer and closer. It is down close to 4. 7 . The 2year treasury yielding 5. 01 . 5 . 5 seems to be, yesterdays action at the end of april. In a blackout period, wrote that up and the said rate cuts are off the table, you and i have spoken about that. Never thought they would cut rates to begin with. Now he makes clear, destroying the narrative they created about multiple rate cuts, made no sense at all. That was one of those days they throw everything out the door, all the people who bought that false narrative ran for the door at the same time, it is comical, they go in and they go out and follow each other. Stuart is that the prerogative for the stock market, the 2year treasury and 10 year treasury. Thats one of the barometers of the stock market people have to Pay Attention to. At 5 some people in this country if they get 5 , no risk, happy to do it. They take money out of the market to do that. Someone who is younger. Stuart my age, 5 , looks pretty attractive. Very attractive. Stuart we will discuss it later. Today, the house is expected to vote on legislation that will crackdown on antisemitism on College Campuses. Aishah hasnie on capitol hill. What is in the bill . Reporter congressman mike lawlers antisemitism bill expands the definition of antisemitism making it much easier to prosecute cases of discrimination even though antisemitism is already against federal law. This vote is going to divide democrats. Some feeling like this infringes on free speech. The antisemitism bill has a definition that is so broad that many jewish groups like j st. And nexus and others cannot support. Why would you do that except if you want to weapon eyes antisemitism and use it as a political ploy . The bill is just the beginning. Speaker johnson launched a house wide crackdown of antisemitism on College Campuses yesterday. Multiple committees like judiciary and oversight are investigating these schools. Houser publicans are taking action after education secretary Miguel Cardona reported the office of civil rights is overwhelmed. Is investigating 136 title vi cases, two of which are at the university. Cardona is begging for more money to deal with it. We are tracking are possible century resolution against congresswoman elana omar after she called some jewish students pro genocide which i tried to ask omar about this yesterday but watch what happened. Reporter the regret the comments you made about some jewish students being pro genocide . Demonstrators who are pro genocide reporter she was on her way to a press conference but didnt take the question when leaving the press conference. Stuart a lot on your plate but thanks for sparing time with us today. The white house is considering bringing some palestinians to the us from gaza as refugees. Senator Roger Marshall joins us now. What are the politics of that . Reporter you need to give Aishah Hasnie extra paper being threatened over there so often as well. The politics of bringing refugees, not the time or the place. I wake up concerned about the health, safety and security of americans and in my opinion there is no way to properly that people who live in gaza. Not like you can run a Police Report on them or the fbi, are these folks part of a terrorist organization . I want to be a compassionate people but right now it is too much a threat to our country. Stuart is he offering to bring Palestinian Refugees to america to arabisraeli merriment voters in michigan. By bringing palestinians more palestinians to america . You make a great point. That makes perfect sense to me but i am not a politician. Im a doctor. I want to make sure people are safe and secure. Typically we brought 40,000 refugees like this to the country. President biden wants to bring 125,000 refugees. In the setting right now where we have 5 or 10,000 illegal aliens across the border we cant handle this volume. Stuart trump says the protesters are delivered trying to distract from whats going on at the border. Do you agree with that . It is very complicated. These riots, these protesters are very well organized, orchestrated, first thing we need to do is remove any student on those campuses protesting, get them out of the schools and see who is left standing as well. It is very complicated. On who is trying to show up but another shiny object to distract from that but this administration does that a lot. Even at trump trials, one reason they want those to go on is to distract what is going on at the border, the 300 americans dying from fentanyl poisoning. Stuart a federal judge upheld a ruling that allows noncitizens to vote in local elections in washington dc. Are you doing something about that . Absolutely. I want to remind listeners that although im in favor of state local control, washington dc is not a state. Its a Federal District and by the constitution, congress has control of it. I go to the safety and security theme, washington dc is not a safe place to be right now. Few days go by i dont hear a staff member physically assaulted, carjacking, murderers up here. Im scared to let people come to visit us. Im scared for my family members, Staff Members walking to and from work. We need to exert constitutional control and require we have citizens, only citizens vote in this particular election. Thats what the constitution provides for. We one always a pleasure, thank you for being on the show. See you again soon. Still ahead, the judge held trump in contempt for violating the gag order in his connell trial. Is there any possibility that trump will go to jail . What would happen if he does . We will speak to a former us attorney about that next. Trading at schwab is now powered by ameritrade, unlocking the power of thinkorswim, the awardwinning trading platforms. Bring your trades into focus on thinkorswim desktop with robust charting and analysis tools, including over 400 technical studies. Tailor the platforms to your unique needs with nearly endless customization. And track Market Trends with uptotheminute news and insights. Trade brilliantly with schwab. Happy mothers day some things never change. Like a mothers love. Get something as timeless as a mothers love at harryanddavid. Com. Life is a gift. Share more. alarm sound amelia, turn off alarm. Amelia, weather. 70 degrees and sunny today. Amelia, unlock the door. Im afraid i cant do that, jen. suspenseful music why not . Did you forget something . suspenseful music my protein shake. The future isnt scary. Not investing in it is. Youre so dramatic amelia. Bye jen. Nasdaq100 innovators. One etf. Before investing, carefully read and consider Fund Investment objectives, risks, charges, expenses and more in prospectus at invesco. Com. Stuart the down just euros up 60, the nasdaq down 22, not much Price Movement today. Please start with trump media. Ashley they are you have it. Down 7 this morning. They were rallying earlier. Shares down 46. Donal