When you look at what happened in with inflation and goes down and comes back up. Thats what youre seeing right now under joe biden. I dont think we i dont think the American People want a reprize of what happened. Google, amazon, microsoft. Simple reason of the cloud, the cloud, the cloud. You cant make the tech announcements without one of the Big Companies helping. In the ere arrowhead of big g et era of big get bigger. Stuart what is this song . Lauren on top of the world. Stuart oh, imagine dragons. They were on varney co. M any, many years ago. Lauren and . Stuart theyre okay. Lauren theyre okay . Stuart youll get your time in just a moment. All right. 11 00 eastern time, monday, may the sixth. This is the day when President Biden celebrates cinco de mayo, which of course was yesterday. S p up 30 and show me big tech. A mixed if i canture there and we do have meta, microsoft, amazon up. Alphabet, apple down. The 10 year treasury yield right around 4. 5 at the moment and youre up 451 to be precise. The Teachers Union is n egotiating a new contract and the unions opening bargaining position has been leaked and when you see their demands, you know americas big cities are indeed in deep, deep trouble. Heres a sampling. A 9 pay increase and going out for them and 2,000 for each migrant child to help them set and will teachers to be paid 1,000 per student per semester if the class size goes over the official limit. 100 coverage for all teacher breaks. All 646 Public Schools in chicago must have a gender neutral bathroom. Whats the total cost of all of this . 50 billion. Blizzard warnings by the way, Union President stacey stays gates sent her child to a private school. It shows the state of mind taken hold and academic standards at rock bottom and the teachers demand massive pay increases and spending hundreds of millions on migrants and the Teachers Want to give them more. We see it in virtually all the democratrun big cities and businesses are leaving and residents are leaving and migrant flood never stops and city finance in shambles and schools are overwhelmed and no sign of any policy reversal. Same old, same old. Its not sustainable. Third hour of varney starts now. Steve forbes with me now. Welcome back to the show. Good to see you. Good to see you. Stuart academic standards rock bottom and teachers think they deserve more and are demanding more hawaii do you make of that . Shows the power in the Democratic Party and bigger force in the Democratic Party and saw during covid shutdowns and other countries opened up their schools and kept ours closed and millions of kids were hurt and did they pay any p unishment . No, just demand more and making the situation even worse as a mayor whos almost communist and hes very, very weak and defunded the police and so what are you going to have . Its a situation, chicago going to have us detained by way of detroit and filing for bankruptcy. Stuart you dont think youre going to get all of the demands obviously. Theyll get some presumably and thats not good either, is it . Its more than anything is more than chicago can afford right now. School Choice Movement gaining more momentum and chicago and elsewhere their kids are not g etting an education and want a way out. Stuart cant get more School Choice if you have democrats in a position of power. They call the shots of education and thats more. Going to happen in chicago as in terms of new york in the 1970s and other parties take over and thats when youre going to get real change in chicago. Its going to come from the people, not from the political leaders who are what they are. Bad. Stuart indeed. Im sure youve seen this, a brand new gallop poll, 46 of adults have confidence in donald trump to do the right thing for the economy. 38 think the same thing about President Biden. How can someone vote for a candidate if they dont think they can help the economy . If it comes down to the economy, which it looks like it will be, donald trump wins against joe biden. Every time you go to the supermarket and every time you go to the gas pump and look at Interest Rates and not counting as part of cpi, Consumer Price index, and Interest Rates going up on mortgages and hideous on the Credit Credit cards, buyinr now, the payments are double digit for a lot of people. If those high Interest Rates and cost of living is going up and regardless of what the government says. Thats going to hurt biden. Stuart i saw a democrat on tv this morning and seeing a day where the democrat was nostalgic from the trump years and r ightfully so and the trump y ears it was only time in generation and the income gap between the lowest earners and people for them and that n arrowed and that gap narrowed joined trump and never happened before or since. Thats one of the questions ask and dont let them take your car away and number two in terms of getting ahead. Are you lower income people, middle income people, are you better off today than you were four years ago and donald trump using it again and we know where that leads on election day. Stuart i was laughing because i remember watching the debate and president carter versus challenge of Ronald Reagan and Ronald Reagan said are you better off now than four years ago . That moment, boom, hed won the election. Just like that. There was a debate with challenger. He said, i will not let the youth and inexperience of my opponent cloud my judgment. You just won the election. Its all good stuff. Biden going for a debate . Cant see it and itll never happen. Hes not ready to lead again. Not even now. Not for the next four years. Stuart thanks for being with u s, steve. Thank you. Stuart good stuff. Monday morning you want to know where your money is going and solid green id say. Jason katz with me this morning. Jason, another 38,700,000 and on this very program not that long ago and you said 40,000 on the dow is coming. Not the most profound target here. Were talking 2. 5, 3 . Sot april brief showers are going to bring may flowers but for dow related stocks. Thats because theyre the most economically sensitive. Theyre the ones both tethered to Interest Rates. So you look at disparity in valuation between the nasdaq, s p versus the dow and i submit to you that the s p and nasdaq dont get much higher from here whereas the dow has substantial upsides. Stuart the dow 30 stocks . Not so much the 30 stocks but if you believe that a recession could be avoided or could be a softish landing, youre looking at around 16 times earnings for that constituency for over 21 times for s p and even higher for the nasdaq. Stuart think well get any rate cuts this year . The fed hit the ball down the fareway and not too hot or too cold and what theyve done and come under a lot of criticism and frankly its working. Youre seeing wages modestly come down. Jobs are still plentiful but not seeing that wean as well. Youre seeing the earnings of Consumer Companies start to come down a bit as well. Its counter intuitive but thats what the fed wanted. Rate cuts are not canceled. Theyre just simply delayed. And one other thing worth n oting, and its sort of technical and i wont go down this road, theyre taking their foot off of whats called quantitative fightining. Theyre taking their foot off the gas pedal meaning theyre going to continue to buy some bonds in the open market. That effectively is inremittal easing and going down the road of cutting rates. Stuart thats taking money out of the economy, which is what theyre doing now . If they stop doing that, theyll be putting money into the economy . Thats the equivalent of a rate cut . Effect ily. Its like own ago bond portfolio and it matures and you r epsychoand will buy it new bond. What they were doing was letting the portfolio run off and going back and buying more bonds. Thats effectively monetary e asing. Stuart it is. Thats interest. Jason, good stuff. See you soon. Lauren lauren. The one that sneezed. Stuart i was about to say bless you. Lauren sorry. It just came up. Stuart whats going on with tesla . Lauren musk announced more l ayoffs offs and theyre coming n waves and fourth straight week of layoff notices and stock is up 1 . Stuart its up not because musk is asking buffet to buy some of the stock . Lauren that too. Hes meeting with the head of argentina later on today as well. Stuart whats he meeting with argentina for . Lauren not sure. Maybe someone that thinks the way he thinks and a hard liner. Stuart all right. Tyson foods. Lauren around they go. 7 . Worst day in a year and q uarterly sales and theyre w arning that consumers are under pressure from the persistent inflation. Thats how they put it. Stuart all right, microsoft on the prompter. Whats this all about . Theyre train ago new inhouse. Lauren the report is theyre training inhouse to train and google deep mind is leading in effort. Stuart they poached him . Lauren yes, they d. Stuart thank you, lauren. Trumpappointed Campaign Warning for them joining tiktok and trump tried to ban the app a few years ago and looks like a Ground Invasion in rafah is imminent. Protests at harvard set a 5 00 p. M. Deadline today for the university to begin negotiations on their demands. Its unclear exactly what will happen if the school does not concede. Molly line has the report and shes at harvard right now and shell be next. When people come, they say theyve tried lots of diets, nothings worked or theyve lost the same 10, 20, 50 pounds over and over again. They need a real solution. Ive always fought with 510 pounds all the time. Eating all these Different Things and nothings ever working. Ive done the diets, all the diets. Before golo, i was barely eating but the weight wasnt going anywhere. The secret to losing weight and keeping it off is managing insulin and glucose. Golo takes a systematic approach to eating that focuses on optimizing insulin levels. We tackle the cause of weight gain, not just the symptom. When you have good metabolic health, weight loss is easy. I always thought it would be so difficult to lose weight, but with golo, it wasnt. The weight just fell off. I have people come up to me all the time and ask me, does it really work . And all i have to say is, here i am. It works. My advice for everyone is to go with golo. It will release your fat and it will release you. Youre probably not easily persuaded to switch mobile providers for your business. But what if we told you its possible that comcast business mobile can save you up to 75 a year on your wireless bill versus the big three carriers . You can get two unlimited lines for just 30 each a month. All on the most reliable 5g mobile network nationwide. Wireless that works for you. For a limited time, ask how to save up to 830 off an eligible 5g phone when you switch to comcast business mobile. Dont wait call, click or visit an xfinity store today. Stuart antiisrael protesters at harvard set a 5 00 p. M. Deadline for the university to begin negotiations of their demands. Molly line is at harvard right now. What exactly did the protesters want . Reporter well, they want similar theyre making similar demands to other p rotesters all across the country. Divulge all of the investments in israel, divest from israel and also no consequences for students. That does not seem to be part of harvards plan. The interim president now responded to this group and probably to the community at large just publishing a letter today he writes the continuation of the encampment is a significant risk to the environment of the university and those that wow. Participate in or perpetuate its discrimination and will be r eferred for voluntary leave for the schools and thats broad implications for the students. May not be able to sit for exams or stay on harvards campus in housing until reinstated. He goes onto say that there are many ways for the community to engage constructively and reasonable discussion of conflict issues but initiating this difficult and crucial conflict doesnt require conflicting with the environment and the Student Group thats created the encampment is harvard occupying poll stein and theyve not been clear what their next steps will be if harvard leaders do not endanger in the negotiation and its going at 5 0 in the afternoon. With some universities that hae cracked down on the protests like at the university of virginia over the weekend, state police moved in and arrested more than two dozen people trespassing there and others have agreed to meet some of the demonstrators demands including brown, northwestern, university of minnesota, and rutgers in new jersey where the tents came down after School Leadership cut a deal with demonstrators to accept ten displaced gazan students and Arab Cultural center and work towards establishing long term ties with the university thats in the west bank. The demand to divest from companies doing business in israel now under review. One new jersey state senator says the deal set as really bad precedent. How about simply asking the students before we do anything condemn the fact that people have been kidnapped, children, senior citizens, people were killed and raped. No discussion of that at all. Just simply saying what are your demands and well do 80 of your demands. Its a terrible, terrible message. Reporter harvard commencement is may 25th and this and other universities are facing these issues all across the country. Stuart theyre telling people to evacuate eastern rafah as they gear up for invasion. Lieutenant colonel joining me. Israel appears to be ready to take raffa fade pattern. Theyre going to do it. What will the reaction be in america and the democrats and President Biden . Well, thats already bake intoed the israeli decision. If they if theyre going to go in, theyre fully prepared to live with the consequences of that. Look at track record. The International Community and the protests and governments have tried to restraint israelis all along the way and theres no evidence that thats ever actually been impactful because again, from the israeli perspective, the only reason why this government is still in power and hasnt been thrown out is its been consist in the one goal, which is were going to defend the ziti ragaini ellie people. I dont think theyll be deterred by external influences. Stuart senator biden is warning about the influences. In terms of his campaign, you know, i am thinking back and other people are making this reference that this may be b idens vietnam. I worry very much that President Biden is putting himself in a position where hes alienated young people and a lot of Democratic Base in terms of his views on israel and this war. Stuart okay, colonel, is gaza bidens vietnam . Flip the script and the other perspective and what happens if joe biden walks away from i srael . Are our most long standing and a crucial strategic ally. Theres an old saying, never take a hostage youre not willing to shoot. Threaten to pull up and walk away from the israelys if they dont do what you want. This is a guy that walked away from afghanistan. We get it. Afghanistan. You walk away from a key ally, what are you going to what do you think thats going to do to american credibility and walk from a key ally and not in the strategic interest of the United States and back home and i think thats suicide. Maybe you resign and go live in delaware and maybe you take the hit and go down but you walk away from israel as the president of the United States truman comes back from his grave and strangles you. Stuart whats happening at the convention in august with the huge split developing here . I predict the more we look at demonstrations increasing universities that are in the students and we see the immense amount of money poured in from soros and gates and people like that, its clear to me that the next phase of that organized campaign of violence and intimidation is going to move from the campuses to chicago and chicagos going to look like 68. But the difference is in 68, this was bottom up. This is push top down. Ive said this before on your show. I think that the radicalized portion of the Democratic Party is perfectly happy to lose an election bring down biden is then theyll turn to the Democratic Party saying we own you and if you dont do this, well own you again. Stuart strong and amazing s tuff. James carafano, thank you very much. See you soon. Thanks for having me. Stuart theyve taken the news channel aljazera off the radio and air. Ashley Benjamin Netanyahu said the supporters had harmed israel and cited a mother calling the press out for a hamas m outhpiece. The Israeli Ministry of communication said it had closed networks jerusalem offices and confiscated the equipment and the networks have broadcast on cable and satellite and access to the websites being blocked and workers calling that closure for a criminal act and democracy for the fist time israel has b anned in foreign media outlet. Stu. Stuart thanks issue ash. Check the markets again. Almost two hours its been open and dow is now up 50 and nasdaq holding onto a solid 109 point gain. Take a look at boeing, please. Boeing launching nasa astronas into space. This is the final test to determine if boeing can conduct routine flight tots iss. Launch time, 10 34 p. M. Eastern time. Looks great going off at night. Coming up, Warren Buffett issue ago big warning about Artificial Intelligence. Why hes comparing that technology to the awetomic b omber. Saturday night live taking aim at antiisrael College Protests roll it. Like a rabbit having it in class. Let me