Perjurer and his word versus, you know, the truth, quite frankly. You have the District Attorney of San Francisco whos arguing against prosecuting crime, against prosecuting drug dealers. When joe biden tells young people and all the American People that bide mom pick es is working bidenomics is working, you are a flatout, boldfaced liar, joe biden of. Take a look at me now cuz theres just an empty space stuart all right. It is, whats this song . I cant see is it. Against all odds, phil collins. Kind of faded and disappeared, didnt he . All of a sudden. All right. I dont know much about it, so ill get on with it. [laughter] 1 1 00 eastern time. It is tuesday, may the 14th. Happy birthday, emma, my daughter in florida. Thank you very much, indeed. Check the markets, why not . 52 points up for the dow. Nasdaq up 63. If not much price trend this morning. Mostly higher but not much. Now show me big tech, please. We have a mixed peck which are there as well picture there as well. Mostly winners, alphabet, or, apple, meta, amazon up, microsoft is down a buck, thats it. The creed on the 10year treasury down a bit at 4. 46. This just coming at as, we got the latest read on how much Household Debt increased in the First Quarter of the year. Take me through it. Lauren total debt increased increased by 184 billion, but the number is astound thing, 17. 7 trillion in debt and much of that is mortgage debt, over 12 trillion. 111. 6 trillion for both 1. 6 trillion for student and auto debt. But the new york fed notes credit card accounts that are going into serious delinquency are rising, and that is happening in every single age group. Stuart thats the bottom line of that report. All right, lauren, thanks very much, indeed. And now this. The Biden Campaign is worried about the New York Times, and the New York Times is worried about the Biden Campaign. Theyre both worried about the same thing, biden might lose and trump might win. The Campaign Recently complained that the times was not putting out positive stories. Democrats consider it to be the duty of the times to look favorably on their candidate, especially when the opponent donald trump. Theyre not getting the coverage they want. The campaign is not getting the coverage theyve come to expect. Look at this oped. Biden is not winning. His campaign should stop acting like it is. That was published may the 1st this year. This week another negative opinion piece, biden is doing it all a wrong. Okay, now, that headline was later changed, but the point was made. The accident stayed the same. Hes the script. Stayed the same. Hes doing the wrong thing. Then the times showed trump leading biden in five of six key states. They softened the blow by pointing out democrats are looking good in some senate races, but the point was made, biden is losing. The times saying, hey, do something about it. When the New York Times tells a democrat president that youre in trouble, you know the marriage is breaking down. Could it be with that the times is signaling that biden should step aside . Well, look at this. Thquestion is not if biden should step aside, its how. The writer says biden should shock the world and step aside at the chicago convention, and thats in the times. That was published in february. Dont be surprised if that kind of opinion appears again and soon. If times running out, trump is winning. To the times, drastic action is required. No wonder the Biden Campaign is not happy. Third hour of varney starts now. Stuart jimmy failla is here to comment on my editorial. Is he ever. [laughter] great to see you, stu. Stuart you too, jimmy. You opened this hour with a phil collins song, against all odds. Thats actually the biden can Campaign Song for 2024. [laughter] stuart thats good. Its not just times calling this out, its pretty much if every voter and key constituency that would traditionallily get a democrat candidate over the top. I think the collective sentiment is, yes, biden should step aside for someone younger like moses, were just not there. [laughter] i dont know if its going to be drastic like the convention, but i do think thats where the polls are trending, and its the issues that are a take them there. And thats why theres such a groundswell to get him out of there, because none of these issues are going to change in a profound way between now and november. The economys bad, you know in people dont like it. Stuart and if bidens lost the New York Times, hes lost the election. The one thing i give him is people are krogh about a trump drawing 100,000 crowing, but biden drew 10 million at the border. Thats not anything. Nothing. [laughter] if. Stuart thats a very good line. You arranged that beforehand. No, i showed up. We just Start Talking and things happen. Im sorry. Stuart heres another one for you. A cnn correspondent says swing state voters are disguested and bored by disgusted and bored by Donald Trumps criminal trial. Watch this. As i talk to voters across the country, a, many of them arent paying attention at all and are disgusted and sort of tired with this, but the numbers beyond the horse race are so interesting. The reason President Biden is having problems is because of young voters, voters of color, inflation. That is the issue on the minds of voters, not this. As of now, its actually helped donald trump. Stuart so, jimmy, is bidens lawfare strategy failing . Not working . Yeah, and ill tell you why. Because people dont have the luxury of caring about this trial. I mean that. It is a luxury to care when the economys bad, when the borders bad, when crime is bad. This is kind of a superficial pursuit to the voter, okay . And, again, if youre struggling to pay for goods or you dont feel safe, it doesnt matter to you that trump paid Stormy Daniels by check when she normally gets paid in singles, okay . If whats the big deal here . Theyve outgrown this, they want to move on. Stuart do you think voters are disgusted by what theyve heard at the trial . Absolutely, because nothing thats gone on in the are realm of testimony was specific to the actual charge. Stuart they havent revealed a crime yet. No, one of it matters. Thats the point. For my money, i think this helps trump the lodger it goes on longer it goes on. Stuart jim jimmy, we are going to make sure did you get extra sleep last night . Im a little spupgy with. Stuart its a little late for me, but 10 00 every saturday on fox news saturday night, catch jimmy. Sphwhroosh were still up but just, nasdaqs to up 59. Lou basenese joining us, for the hour, by the way. We got the ppi Inflation Report this morning. It ticked up a little bit. Why hassett not affected the markets effectively. I think the Everyone Wants to see cpi, tomorrows report. This is a trend. Its clear weve now had four inflation readings in a row that are higher than expected. Ones an anomaly, twos a pattern, threes a trend. Four . We could be in a crisis tomorrow. This could be what a tips the market over with worry about inflation stuart relate me repeat that let me repeat that. If tomorrow theres another uptick in inflation at the consumer leveling you think this market really falls out of bed . I do. I think theres a chance. Steeples out saying a 10 percent correction, i think thats reasonable. We have to reset expectations thes on when the feds going to cut rays. The feds not coming anytime soon which is something ive been saying, but investors are not willing to accept that reality. They may be forced to tomorrow. Hopefully not stuart the other side of the coin is the earnings reports. 80 of the s p 500 have reported, and theyre good, arent they . Yeah, its been a really good quarter. The composite growth rate for earnings is about 5 , so the s p 500 has returned to growth, and expectationses for q2, q3 and q4 are even stronger. So, fundamentally, corporations are in a a great spot. But its rest about the fed at this point. Stuart got it. Laurens looking at the meme stocks again, theyre soaring. Theyre way up all over again. Whats this got to do with Roaring Kitty . Lauren so roar i Roaring Kitty is the, and account of a man called keith he posted again yesterday suggesting that the retail crowd is back. This is david versus goliath take two. Small traders banding together to pub up the pice of certain push up the price of certain stocks foresting hedge funds to cover their shorts. This is how its playing out today. Look at gamestop, up 74 at the close yesterday, but look at it now. It was halted several times. I think its up, at last check, 60 , right . If ark mc, it was up almost 80 yesterday. Its up 92 as i speak. These are names that are short on fundamentals. You have, well, short on fundamentals, i will specifically speak to beyond meat, reddit and blackberry. The question is why now and how is this different than three years ago. A lot of people still at home with lots of free time and lots of free money. Nowadays its different. More people are back to work, a lot of the consumer savings have started to come down a little bit, so theres less money available to trade with. Lauren maybe theyre looking to make a quick buck these days because money is running tight. I dont know. Stuart lou, i think theyve turned it into a gambling casino. Its a complete speculation. Roaring kit kitty must need some spending money. Americans are going to end up holding the bag and not holding the riches they anticipate. Its the greater fool theory at work, its something you should stay away. If theres any advisers telling you and calling you to buy these stocks, fire them and not even think about these stocks. These are pure, outer the speculations. Stuart tell us how you really feel. Lou basenese, thank you very much. Coming up, mcchapel hill Uncchapel Hill slashing funding for their deid. Theyre going to put the money towards funding campus police. How about that . Were going to take on that debate. San franciscos solution to helping homeless alcoholics is giving them free booze. How does that make sense . Well try to explain it. Some awe lawmakers ripping into lawmakers ripping into biden for pausing weapons shipments to israel. Senator mike rounds is one of them. Hell tell us what message biden is sending to our allies around the world, and its not a good message. The world is waiting to hear biden speak. The senator is next. 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From the company with 99. 9 Network Reliability and advanced cyber security, its ultimate speed for ultimate business. And its all from comcast business. Stuart all right, this is just coming at us, reuters reports that Vladimir Putin meet with chinas xi jinping on thursday in beijing. A putin aide says its just an informal meeting about a ukraine. Today israel celebrates 76 years of independence. Trey yingst is for us is with us many tel aviv. We understand theres new fighting in northern gaza. Thats a development. What more do you know . Reporter yeah, hey, stuart, good morning. Israeli Ground Forces are still operating throughout the gaza strip. More than 220 days into this war, the battle rages on. An area that was previously cleared byes reilly soldiers, they had to go back into the with neighborhood that a sits just north of gaza city. The air force supporting this operation launching more than 100 strikes in the past 24 hours. Along the border overnight, or we saw some of the strikes with extensionive helicopter and drone activity. With fighting ongoing, International Attention remains on gazas southernmost city of rafah where the israelis have ordered more palestinian cities to evacuate to the humanitarian zone. The death toll among the civilian population continues to rise. In central gaza, palestinians are digging through the rubble in the aftermath of an israeli airstrike. The scene all too familiar for palestinian civilians. Translator this is madness. They are targeting people, civilians. They have nothing to do with a resistance or with anything. They are children. I swear to god they are children. Reporter the Biden Administration spoke yesterday about the rising death toll in gaza saying the position of the American Government is that israel is not committing a genocide against the palestinians; rather, calling on the israel his to use restraint during their e military operations. Stuart . Stuart trey yingst, thank you very much, indeed. Joining me here in new york is senator mike rounds, republican from the great state of south dakota. Mr. Senator, you and a group of i think its over a hundred lawmakers, youre demanding that President Biden resume weapons shipments to israel. Can you make him do it . We cant make him do it, but we can most certainly send a message to our allies, the israelis, that we do not support the way that he has taken on this particular if tactic. Number one, he is telling them how they should run their war. Second of all, he is also then releasing that information of a private conversation to the world and in doing so, he is sending a message to hamas which gives them an opportunity to play with it in order to send the message to the rest of the world that the United States support for israel is failing and that the protests over here are working and that that support is something that is israelis should not be taking for granted. Stuart the people in taiwan, the people in ukraine will surely be looking at this weapons pause for our greatest ally in the mideast. They cant have a very positive view of more than leadership. Its not only that a, but think about what putin thinks about this and what xi jinping think abouts thinks about this. When they go to their allies, they look at the United States and they say this is not the way we will treat our allies. And so as we work with other countries in the developing parts of the world, in africa and so forth, we want them to know that if we become their ally, that we remain their ally and we are consistent. But when you start leaking information about this, something as a serious as munitions, that should never happen, and its not something that the administration if it was an accidental leak, they should have it picked immediately, and if it was on purpose, shame on them. Stuart do you think that President Biden is, in effect, helping hamas . It did not, it did not help israel and most certainly empowered hamas to continue with the propaganda. What a marvelous opportunity for hamas to send a message to their supporters that,s look, you had a difference, youve made a difference. The United States is now slowing down on their musicians musicians knew munitions deliveries to israel at a critical time in the history of this country. And, look, these bombs that are coming in, these munitions, these are designed to be used on a selective basis specifically for targets that need this type of an approach. And weve got bombs that are as accurate as any made in the world. But if you now restrict uses israel from having access e to those types of material, they have to resort to other materials instead. This wars gone on long enough. Israel needs to get in, clean this mess up and get out, and the sooner that happens, the better for people that live this in gaza. Stuart in about a one hour, the president s going to give a big speech touting the economy. But inflation is still with us. I wonder how hes going to spin the inflation problem which weve already seen this morning. Inflation ticked up yet again. How is he going to spin this . If. Stuart i have no idea. [laughter] ooh. Stuart i shouldnt be with asking you, should i . Inflation is up over 18 since his time in office, groceries up over 20 , gasoline is up over 37 . The American People arent stupid, they understand that that. The facts are there. And stuart well, but the president says its corporate greed. Thats what he says. Its not. Stuart are you happy with that answersome. Look, on day one he sent a message to every investor in Traditional Energy by canceling a pipeline coming out of canada. Billions of dollars in investment, and he turned around and looked at every investor out there and said i can change all your investments with the stroke of a pen. What a terrible message that sends to investors across not just the United States, but around the world about whether or not they want to invest in the traditional type it is of Energy Sources weve got in the United States. And that has continued all the way through on our supply chain challenges. Now youre going to take a look at what he has pushed, hes said, well, were going to use they weres. If you want electric vehicles, first of all, you ought to have an infrastructure which could su