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stuart: why not a little beach boys as you start the weekend? good morning, it is 10:00 eastern time. to the money please, dow industrials up 200 points, nasdaq composite up one hundred 12. i will call that a rally despite rising interest rates. yield on the 10 year treasury on the upside today. we have a coming in, we've got 382. it dipped a bit, still 382. price of oil moving to $72 a barrel and bitcoin, 26-5 this morning, important number just released, the way consumers feel about the economy. lauren: i shouldn't be up to mister, it's to mr. it's not the best number in a

while but it was expected to remain steady at 57.7 for the month of may, we were worried about the debt ceiling, the banking crisis, now it seems everything might be tempted down a little bit. some optimists out there, expectations better too. stuart: not much reaction but the rally holds, dow up 230, nasdaq up 127. now this. college in rome and is down. there are now 1,160,000 fewer undergraduates than there were a few years ago. it is expensive, the dropout rate remains high and the stay at home mandates during the pandemic were not attractive. a different bone to pick, the college experience has been degraded. i'm not going to give you the usual when i was young, i'm

simply saying college today is not all it should be. start with this from scott galloway, professor at nyu. >> you should never be at home. 7 hours of sleep and that is it. the amount of time you spend at home is inversely cold ordinate it to your success. you need to be out of the house. stuart: did you hear that? get out of the house for professional and romantic success. college is a place to meet people with whom you may have romantic interest. romance in college today, let's just say it is discouraged. men are supposed to ask permission to hold hands. don't you dare express an opinion on row unless it conforms to the groupthink number step out of line and you become one of hillary's deplorables, the college

experience should be one of free association and open debate, develop your brain and social skills by being on campus, engaging, discussing, maybe meeting someone you love. now i will do the when i was a lad thing, 55 years ago i spent my college years feverishly discussing politics, theater, movies and anything else that came into our young heads usually in the bar, no computers, no internet, cell phones, cable tv or meta-verse. i know at least as much about growing up as i did, the lectures, that's the way it out to be now but it is not. second hour of varney and i'm just getting warmed up. ♪ we need tammy bruce and she is here.

has the college experience been degraded? >> i think so. this whole conversation about getting rid of the student loans and forgiving them implies you didn't get what you paid for. it implies that it didn't help to go to college and that is the national conversation. paying people back for a lemon and that is across-the-board and then what we've seen the last couple days in new york, a professor overturning the table of pro-lifers, a reporter going to visit her in new york, can you give comment on this, brings a machete out and she's a professor at a major new york college so when you see these things and we hear these stories across-the-board about school boards, what's going on in colleges, you are not getting what you paid for, people want their money back, why would you go? the left must be worried

because these are indoctrination's. and hugh college experience is extremely valuable. it sharpens your mind. you know how to deal with people who are not from your hometown, people from other parts of the world, you are supposed to learn another language, ancient or modern, it is supposed to break you out of your town which you can go back to and become of the mayor if you want. that's what college is for. the left has ruined college like they have ruined everything else in this country. we can't let that happen. it has to be taken back. stuart: you are in full flight, don't want to kill that buzz. you like that.

john durham is going to testify publicly before the house judiciary next month. the report into the trump/russia probe. at this point he will not going before the senate. you think anything will not, the unit -- will come of the hearing? >> people were disappointed there's no charges but the report itself was vitriol, laid bare the problems at the fbi, who was responsible. it's not an indictment of donald trump but hillary clinton. it confirmed the dynamic. even other news stations said this is bad for the fbi but that is a segment of the bureaucratic state. it's bad for the entire bureaucratic state. it confirmed everything trump proclaimed about. it's one thing to hear news parser this out, to have him sit in front of the committee and voices, going to be very important and it will reminder

people of the condition we are in and why it was important and there's no indictments here, what it is we've got to fix in this country. stuart: the congressional experience. lauren: the questions that will be asked and you elaborate on this. those who thought it might go away and on to the next drama, this will continue because it's about the future of the country. stuart: tammy bruce on friday morning. house republicans just launched an investigation into bank of america. lauren: they data mind to their customers and share their private data. when they get information about customer purchases, bank of america's credit and debit cards to the fbi and the department of justice, january 5, sixth, seventh, 2021 around the capital. congressman jim jordan and

thomas massey want to know why they share the data for law enforcement, and and to the most, it assumes the information is protected from collection from federal law enforcement agencies. stuart: why do you think -- >> normally would need a warrant, this is information being shared out of the blue, shocking, unacceptable. stuart: you've got to read that. >> it falls all applicable laws and regulatory requirements to receive, evaluate, process, safeguard and narrowly respond to law enforcement requests and the fbi declined to answer. it didn't say very much. it did not.

thank you very much. active throughout the block. back to the markets, leo kelly joined me now. i know you don't speak to nvidia directly but it is leaving the chipmakers higher. what do you make of nvidia the day after the pop. >> a classic story where we have a big story in the marketplace, new technology whether it was the internet or social media stocks, tv or radio. you have a disruptive technology and the market wants to jump on the leader, the next microsoft, the next amazon lodz nvidia is executing them and a lot of ai stocks are executing because it's moving so fast. if you are looking at nvidia or other stock, they -- their

story and valuation. there are great stories associated with ai but focus on valuation and keeping your portfolio, a disciplined format, not just chasing stories. stuart: how does anybody in the market handle trading today? going into a three day weekend we have a debt deal and the president is going out of town to camp david. how do you play the market today? >> that is an easy one. the chief marketing officer likes to say zoom in, zoom out. you have to zoom in and look at the market but when you talk about trading, zoom out, look out at the long-term impact of what you are going to do in a moment. the debt deal will get done.

we believe we are going into seasonal volatility and you have a lot of movement, there are opportunities to buy into volatility between now, september, and october but we also zoom out further. 2024, we started a new bull market. folks have to be careful, we will see some volatility, the recession is coming. stay focused on the long-term. that is how you get through this moment. stuart: you zoom out to get the big picture. leo kelly, thanks for joining us and have a great weekend. i want to know what is going on with amazon. they are moving today, up 2.5%. lauren: mark mahaney said cloud services might be the biggest beneficiary of ai in the future. a $150 price target.

the pandemic surge has slowed. the average ticket price is down one. 5% from last year and that's the first drop for them in five years, that's why this is the biggest decline in the s&p 500. stuart: despite inflation. big lots. lauren: shares at the lowest since 1990 one. water loss blaming higher promotions and product shortages. of what? united furniture, the parent company laid off 2700 employees. they sold furniture to big lots with their factories closed, they have shortages. stuart: good story. parents are concerned about migrants being allowed to go to school with their children in chicago. chicago pastor cory brooks takes that on directly in our next our. a drive-by shooting interrupts an interview about violent crime with a democrat running for office. role it.

>> my name is yolanda. get down. stuart: this is america today? we've got the full story for you. san diego county, $157 million to convert four hotels into housing for the homeless. the mayor of carlotta, colorado says it does not address the root causes of the homeless crisis and won't work. he joins us next. ♪

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stuart: a drive-by shooting in memphis derailed an interview with the democrat city council candidate. we saw this video earlier. take us through what happened. stuart: yolanda cooper set news that woman, she's with report about to do this in memphis. let me set the stage. there's a playground behind her. she set apart, they are about to get started. listen. >> your name for me? >> my name is yolanda -- >> get down, get down. just stay down and get down. it's okay. just stay down and get down. >> how calm and collected during a drive-by shooting. she said that was my instinct, to get down because i'm used to it because it happens all the time. that's what they were talking

about, this interview was about rising crime in the city of memphis, tennessee. how she stayed so-called, she said that was instinct as well. i give her credit because that reporter with the camera whoever was asking the questions, you could hear his heavy breathing if you continue, he was not call. stuart: that was automatic fire too. that's the whole point over the sister of tori, they are use to it. i want an update on nordstrom, they decided to close one of their stores in downtown san francisco. how many people are out of a job? >> the hundred 79 between the two stores, both close, the worst by the nordstrom rack in july and august, they've been doing business in the city for 35 years. it became too unsafe and extensive for them. the cfo of costco says shrink when you steal stuff is into problem, they have seen no major changes in their levels of theft. you leave with a cart full of

stuff and it is membership only. you need to pay to go to costco. is that the message we are sending? if you want to keep the crime out you have to charge your customers for membership to come in? that is drastic. stuart: might be one way of doing it. lauren: it works for costco, desperate times call for different measures. stuart: san diego county is going to spend one hundred $57 million to convert four hotels into housing for the homeless and richard bailey is the republican mayor of coronado which is within san diego county. your honor, you approve this purchase? >> i don't approve of it and the reason is because although it does provide additional shelter space that shelter space is not coupled with required treatments and it is not coupled with a consistent

approach to law enforcement around the use of drugs publicly in san diego county because the state of california prohibits program such as this one from requiring any conditions at all for entry into this program. stuart: are you saying it does no good at all? >> that's correct and it is important for viewers to understand from 2012 through 2,022 we saw the number of homeless nationwide decrease from 6 or 20,000 to 580,000 as of last year. however, over the same time period in the state of california we saw the rate of homeless increase by 40%. that begs the question why. i would point to program such as this where you have a well-intentioned program to provide additional shelter space but without conditions attached you are never going to help people to improve their status in life and recover from their mental illness or substance abuse issue without

requiring treatment services as a condition for shelter space. a one don't know which hotels have been bought for renovation. tell me it is not the coronado hotel which i know quite well. got a picture of it. they are not converting that one, are they? >> they are not, thank goodness. and just -- another piece of information here, the county of san diego spending $30 million, the city of san diego is spending another $30 million. the bulk of the funding comes from california, $90 million and the funding from california allows the state to can prohibit these conditions that might incentivize folks to become productive members of society. they are making this issue difficult to solve. stuart: the superliberal rules you've got to be a part of because you are taking money from the state of california. i've seen it before. thanks very much for joining

us. the republican mayor of coronado. thank you, appreciate it. 2 thirds of california voters say senator dianne feinstein is no longer fit for office. steve hilton takes a look at who might succeed are. governor desantis slammed biden for caving to the woke mob. will his war on woke launch into the white house? dave rubin on that next. ♪

stuart: look at that market. you are up 341 points, the nasdaq is up 171. these are big gains. you've got a 3 day weekend coming up, the markets close on monday and people are piling on friday not knowing what might happen over the weekend so this

is -- >> within a week of the x date, thursday, june 1st, still optimistic. stuart: you are looking at the other movers, let's start -- >> they are up 4. 5%. they are rising on anticipated arrival of their chat bot, the next iteration of that. it is in trial mode so this would be a larger release. ai. stuart: the jeans people, by my jeans. >> and old navy, all of those all the time, they reported a surprise first-quarter profit. they are cutting cost anyway they can. inventory down 27% from a year ago so they don't have as much stuff to sell at a discount. i can speak to this but i got a lot of emails, we apologize, we didn't have that. stuart: adobe, where are they?

lauren: we did the story that there putting ai in their photoshop capabilities and i can't wait for my next business picture. this is the distorting of the reality that we know but there are positives to it. about 4%, it is up 4% today, up 10% this week on a real use case for artificial intelligence. lauren: it is hard to get everyone to smile. you don't have to look at the camera. i will make you look at the camera. you fix it, we will never know what the real world looks like. that is really -- isn't that sad in a way? a picture perfect world and totally fake. stuart: and improve your appearance, take off 15 pounds. the 24 presidential race

kicking into high gear. rich edson is with me, are attacks on desantis ramping up? >> they are. he is attacking others as well. he will travel to new hampshire and south carolina, early caucus and primary states. the desantis campaign raised 8. $2 million in the first 24 hours of this campaign and spent the first day and 1/2 ripping donald trump criticizing his administration on adding to the national debt, failure to finish the border wall and shutdowns during the covid 19 pandemic. in a campaign video message trump shot back but covid that's in florida were the highest in the country, said even then new york governor andrew cuomo did a better job. he does say desantis is better than most democrats but called him average. trump will be in iowa next week for a town hall thursday with sean hannity. trump leads desantis by a wide

margin among republican voters, he has a large lead on the rest of the field, they maintain he can breakthrough. >> multiple voices is a good thing. if this race is a 2-person race which it is not, that's not healthy. it's not good for the republican party, not good for choices among the voters. >> the optimistic positive message, a backbone and couldn't conservative principles is working, the more my message gets out with the more i travel around, the more excited people are to join the team. >> campaigns are still finalizing their schedules, scott hutchinson, former un ambassador nikki haley, vivek ramaswami have recently visited or have plans next week to go to some of these early contests states. stuart: i think it is exciting. let the games begin. thanks, see you again real soon. dave rubin is with me.

you are a desantis guy. what is the number one priority, number one issue that will propel him to the white house, is it has more on woke? i hope it is. >> the more on woke is a big reason but i can tell you having not only moved myself and my family but two companies from california a year and a half ago to the free state of florida that everything is working here, that is why we've got a million new people since covid, 1200 people a day moving here, infrastructure is great, streets are safe, we don't have the drugs and homeless. i was in san francisco yesterday. everything is working here. on the woke front, we are getting this gender craziness and race craziness out of the schools, out of our institutions. i don't know there is any governor in modern history that has said these are the 10 things i'm going to do and gone ahead and done every single one of the men been rewarded at the

ballot box. let's from over the guy in 2018 won the election so guy who turned out to be a meth addict by 30,000 votes, won reelection by one. 6 million votes, the people lived in florida and the rest of the country who were vacationing here, we set records on that. everyone recognizes it, the choice seems very clear to me. stuart: however, desantis is working on abortion. is that going to be a major issue in 2,024. he is signing this 6-week abortion rule. could that hurt him in the primaries? >> in the primaries it probably helps him because he's taking florida from 15 weeks, i'm comfortable with 15 weeks but that's just my own opinion. he's taking it from 15 to 6 and the primaries, you kind of move right, that will help you with the base mode because the base is for the large part pro-life.

it temporarily helps him in that regard. in a general it might hurt him, that's realistic but i heard him talk about this many times. he has his personal belief on abortion as a catholic and he was voted in and is doing what he thinks is right and the voters have to decide whether that's too far or just enough or not enough but now it is a states rights issues so as president it's not like he would be laying out policies that would force every state in the nation to have a six weeks we have in florida. stuart: is it the same with guns? i'm not sure what desantis's position is but it's difficult for the republicans. what say you? >> i don't think so. most people post covid, post north summer of love and watching our cities burn, an awful lot of people have changed their minds on guns. look at the numbers of guns that have been sold in america, almost every year it is a

record so i'm not particularly worried that the gun issue will be an issue. we have a second amendment, the second amendment is what protects the first amendment and most people do see that but i personally wouldn't want federal mandates, the states can figure out what their minutia laws are. >> it is a beautiful thing. stuart: into just? that's why i'm here. thanks very much for joining us and i hope to see you again soon. thank you very much. an interesting story here. rival automakers ford and tesla are teaming up. it is surprise partnership. we will tell you all about it. the supreme court puts biden's green agenda in check, the court made a ruling that limits the epa's ability to police water pollution. grady trumbull has the full report after this. ♪

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stuart: i think i can say this is a rally, dowse after hundred 50, nasdaq is up 200 points, the president goes to camp david over the weekend but i will call that a rally, you agree with that? >> i agree on that. the banner says that talks. just a reminder, we have nothing agreed to until everything is agreed to. so far away. stuart: you've got the ford and tesla story. what are they teaming up to do? neil: electric vehicle charging. starting next year, ford ev

owners could use a tesla supercharging station. that means tesla is opening up its technology so ford sold 62,000 evs, those get an adapter so they can use the supercharging station but new foreign evs could bypass that adapter altogether. that makes it super easy. stuart: charging stations open to all makes of cars like you have gas stations a. lauren: do you know where this type was made? on twitter spaces. that was my favorite part of the story. stuart: thank you. a supreme court ruling just limited the epa's power to police water pollution. greatly trumbull on capitol hill. is this another blow to the administration's green agenda and secondarily what happens now? >> reporter: it is. what happens now according to democrats is more water pollution but conservatives say this ruling is something to

celebrate because they say it rains and overreach by the biden administration and lifts burdensome regulations for landowners across the country. here's what senator jim rich from idaho where the case was centered has to say, the supreme court decision is a victory for landowners, ranchers, farmers in idaho, the court decisively ruled in favor of americans everywhere, specifically the court ruled in favor of in idaho couple who the epa block from building a home near wetlands. more broadly, the ruling narrows what is protected under the clean water act. the white house as you might guess is not pleased with the ruling. >> the decision aims to take our country backwards. it will jeopardize sources of clean drinking water for farmers, businesses and millions of americans. the clean water act is the reason americans lakes today are swimmable, why we can fish in our streams and rivers and

say pricking water comes out of our taps. >> reporter: this is the second scotus decision in the past year that chipped away at the agency's authority. in west virginia, the court limited the epa's ability to regulate greenhouse gas emissions and conservatives are already calling into question another epa proposal we talked a lot about aimed at getting more americans to switch to electric vehicles, more than 2 dozen senators have signed a letter to epa administered are michael regan asking him to withdraw that opposed rule before it becomes final. but does become a final rule it will also face legal challenges like these other rules. stuart: grady trimble on capitol hill, thanks. lauren is with us. what does chuck schumer say about the supreme court ruling? lauren: he's mad and putting the blame on the mag supreme

court continuing to erode our country's environmental laws, this ruling will mean more polluted water, more destruction of wetlands. that is alarmist. that saying -- you vote for donald trump you don't care about the environment. the ceos of oil companies drive teslas and they go camping. stuart: on my farm, to get a permit to move a rock 20 feet from any stream. lauren: how long did that take? stuart: a long time and a lot of money because you have to have a study of it. it has been a month since biden announced his reluctant bid but the president has yet to hostessing will campaign event. lucas tomlinson reports on biden's rose garden strategy coming up. the president of mexico is urging his -- hispanics not to vote for governor desantis. carlos jimenez reacts to that next.

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stuart: it is a rally, 345 on the dow. it has been one month since president biden announced his run for reelection but the president is yet to hold a single campaign event. he hasn't done it. lucas tomlinson, it used to be the basement strategy. is it now the rose garden strategy? >>, president's agenda, men and women's ncaa basketball championship, the lsu tigers, uconn huskies and that is what people are calling it, the rose garden strategy. let's look at poll numbers for the president, not very good. only 33% of those polled think joe biden is a strong leader. let's hear from karl rove on fox news yesterday. >> this guys in real trouble. do we think he will get better?

i don't see it happening. he's in trouble on that issue. >> some more polls, is joe biden honest and trustworthy? 40% say yes compared to 31% who say donald trump. the question a strong leader, 33% think joe biden is a strong leader compared to 51% of the majority say donald trump is a strong leader. on the question of corruption, joe biden 44%, donald trump 55%. when it comes to fundraising the desantis campaign raising 8. $2 million in the first 24 hours of announcing his president will campaign. the biden campaign is yet to reveal any fundraising figures. biden said the campaign with the snafu on twitter, the oldest president in us history's age keeps coming up. jackie heinrich asked an important question.

>> what do you make of hillary clinton defending dianne feinstein over questions about her age but not president biden. >> i've not heard these comments and can't speak to it. >> reporter: steve forbes are predicted joe biden will not be the democratic party's nominee in 2024. stuart: i would like to know that. good stuff, thanks very much. aids to florida's governor desantis telling donors the trump's currently is a polling sugar high. carlos jimenez from florida joins us now. you are with trump. do you think his lead fades? >> no. he will remain strong. i'm not sure it will be as high as it is today. it is a long campaign season,

there are ups and downs, i look forward to a spirited debate among the republican this and i am sure i am confident the president will triumph in the end. stuart: a fascinating debate because at the end of it we will find out what the republican party stands for, trump versus desantis. we will find out where is the republican party when this is done. >> governor desantis has the same policies as donald trump. the question is who is the stronger leader who will take us into the future? the president has proven that in the past, that he is a strong leader, his policies are right and he has been president of the united states. it will be interesting. not that polarizing. the two candidates track along the same line. there's there is not a big difference in policy but there's a difference in style.

stuart: i keep hearing trump in 24, desantis in 28 and i am sure you have heard that as well. >> i have heard that. stuart: you heard the president of mexico urging hispanics not to vote for governor desantis or any republican. i suspect you are hispanic. what do you say to that? >> he already threatened us, republican members of congress, if we voted for border bills etc. he would threaten to campaign against us. when he did that i said my name is carlos jimenez, bring it on. he didn't understand that, i will tell him in spanish. [speaking spanish] bring it on. anytime any day twice on sunday, i love it. here's a president can't control his northern border, poisoning thousands of americans, i don't think that i fear him one bit.

bring it on. stuart: that was quite a good response. the new york times reports the white house and republicans are closing in on a deal to cut spending. in your opinion, are we close to a deal? i see the president is heading to camp david. does that imply a deal is close and will do it today and he goes to camp david? >> i don't think it does. i think he will go to camp david anyway. his aids are doing the negotiating so his aids and our speaker get together and agree to a deal, he will pick up the phone. then give the okay. then we will move on. we will have a deal. i'm very confident our speaker will come back to us with a

deal we can pass that will avert the catastrophe of not raising the debt ceiling but we have to have spending cuts, the vast majority of the american people are with us because what we asked for is not extreme. it is something which when you look at it and say this all makes sense, because we can't continue on this path, we can't keep borrowing money to pay for the money we borrowed in the past. that is a death spiral and we cannot continue on this path. and on a sound financial footing, the speaker is taking us in that direction, showing leadership. stuart: thank you for joining us. still ahead. steve hilton on which candidate will succeed senator feinstein.

tomi lahren on the push for young people to stop working from home. this op-ed in the journal, chicago self-destruction plan, democrats in chicago released their agenda and it is titled first we get the money, this is surely how you ruinously, that is my opinion and it is "my take" next. e i think we looked... yes. right. yeah. and i don't think at that time- i think you're the one to tell me that we had the same birthday. yes. it's really unbelievable when you think about it, because it's been, like, really over 20 years that you were my mother and father's banker, you became my banker and now fran is in her third year of college and you're her banker. it's so unbelievable because i'm just 20 years old. [laughing] with a majority of my patience with sensitivity, i see irritated gums and weak enamel. sensodyne sensitivity gum & enamel relieves sensitivity, helps restore gum health, and rehardens enamel. i'm a big advocate of recommending things that i know work.

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>> nvidia is executing and moving so fast and valuations are high. make sure that you're keeping your