commercial break. average cupcakes,200 calories. he had 60 of them. that's 12,000 calories in one single sitting. he will have to hit the gym. >> arthel: let's hope the sugar rush will make him go somewhere and fall asleep and start hibernating. it's been a pleasure, mr. bill. charles payne is up next. >> the holiday weekend kicking off, the start of summer and things are heating up at the airports and on the roads and back yards grills and also on the 2024 campaign trail. i'm charles payne. this is a special edition of "your world." first, to the presidential race taking shape. ron desantis hitting the trail tomorrow in iowa as a growing jp field looks to make gains on former president donald trump.

based on a fox news poll, the field has catching up to do. how is this race shaking up? let's go to julia manchester, kristen hahn and gop pollster lee carter. lee, start with you. governor desantis getting ready for a week where he will go to iowa, new hampshire, south carolina. they sound familiar. how important is it that he makes traction in those states? >> it's critical. he's message has to get big traction. it didn't last week. he's got a big job ahead of him. he has in many ways to reset his campaign. the last two months, he's been dropping in the polls. his excuse, he's not finally run yet. this is not official. now he has to make the case that he's the right man for the job. he has to focus on the economy, focus on inflation and stop focusing on the woke wars. that's what hurt himself the last two months and this will be chris call for people hearing

him in a different way. >> julia, that underscores the challenge for governor desantis. the woke wars are probably critical in the primaries and not the general election. that's the first hurdle he has to clear. >> it's a hurdle that candidates have to clear on the left and the right when it comes to appealing to that very conservative primary -- liberal primary base on the left and expanding that message to include general election voters. it goes to ron desantis's broader strategy. he wants to win iowa. iowa was a weak spot for trump. he didn't win it. ted cruz do. so the desantis camp wants to win iowa and then get momentum going into new hampshire and south carolina and the rest of the primary states. i say iowa because it's the first state, but you have obviously a very staunch conservative primary base there.

a lot of evangelical voters and a state that has elected governor reynolds, a republican that has waded into these culture war issues. he faces the same issue when he goes to iowa to new hampshire where he's going to have to tweak that message. so we'll see how that message really comes out on the campaign trail later this week. >> speaking of tweaking a message, democrats were saying hey, we would love to go against president trump. he's unelectable. of course, a few months ago, looked like maybe he would be an also ran, but he's bolted to the top of the republican charts. now they're trying to week their message against desantis painting him with the same brush as donald trump. >> i don't think so. i think ron desantis has been, according to republicans in the state of florida, very successful governor. i'm not sure how that translates

to the rest of the country. when you look at the mid-terms, what we do know, we looked at the aftermath of the election and why republicans didn't pick up more seats or as many as they thought, a lot of it revolved around women voters and choice and independent voters. so he's going to have to make the case to those voters in the center left, the center right that could be the different in the election as to why he's appealing to the country as a whole and not just the state of florida. >> lee, president trump being president trump. he doesn't skip a beat. he doesn't alter himself at all. i know it must drive the experts crazy that try to mold these candidates in. but it does have a solid base of appeal. the fox poll is 54% right know and holding. what do you make of that? he's been so rock steady among the republican voters? >> there's a few things going

on. his base of support no matter what is 30 to 35% of republican voters. they'll support him no matter what happens. the other thing that has happened, the indictments. 93% of republicans think they're politically motivated. 74% of independents say it's politically motivated. people are saying they're tired of republicans being treated unfairly so they support him more. and ron desantis focussed the war on mickey mouse and the six week heartbeat bill. that didn't gain him support. he has to talk to the because about the economy, making things feel better, bringing back freedom of speech and all of that. that's where he has to focus his energy. all three things together have lifted donald trump. it's interesting to see if

anybody can shatter that momentum. >> that same fox poll, they asked about leadership. could be a possible warning for democrats. half of the voters see president trump as a strong leader. 33% said the same thing about president biden. kristin, what is the white house going to do to deal with that? >> i think he's got to hit the road and make the case. he's done a lot. there's been a lot that's been done during his administration. some of it because of covid. in a bipartisan manner. i think he needs to do a better job of telling that story. i think that, you know, as the campaign ramps up, that he will. but you know, it's all about talking to your voters and being really strategic. like you said about which states you're going to and make sure you have the plan so when you're looking at the electoral college, where you spend your time. >> julia, the race has begin.

former president trump was going after ron desantis. a lot of people say what does desantis do? how does he counter attack without defending the core trump voters that lee carter just talk about, 30 to 35% of the base? >> yeah, it's interesting. i heard a few things about this. some desantis allies have told me, he needs to keep doing what he's doing. focus on policies. continue to get himself out in the campaign trail. grow the name i.d. those of us living in florida or d.c. or-local media circles, they know who ron desantis is. there's a swath of the country that doesn't know him as well. they'll have to introduce himself to those voters. part of that is being the very important one-on-one situations with voters. you know, states like iowa and new hampshire and south carolina. there's another school of thought that says desantis needs

to hit back at trump. there's a school of thought in order to beat trump, we have to beat trump. the first school of thought -- >> maybe ron desantis should give himself a nickname out of the gate and not have to worry about that. panel, thanks very much. appreciate it. the prices remain hot. the question is for how long longer? stu leonard junior will give us his read. and whether you're hitting the road or flying the friendly skies, you've had to pack patience this holiday weekend. hope it didn't have you feeling like this. the new #19 the pickleball club. who knew the subway series could get even better? me, i knew. maybe you should host a commercial then.

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>> if you're getting ready to hit the road or waiting out the rush, travel over the holiday weekend is back and back in a big way with triple a expecting levels since before the pandemic. to madison alworth at newark liberty national with the very latest. madison? >> charles, with travel prices

down across the board, it's no wonder that we saw record numbers this memorial day weekend. triple a estimating around 42 million travelers took to the skies, to the roads, to the trains to enjoy this long weekend. they say that's more than we have seen in nearly 20 years. they estimate that 86% of those people will be trailing by car and paying roughly a dollar less than a year ago. for those flying, the average air fire is $273 round trip. that is down around $100 from last year. so it's no surprise that travelers that we spoke to were happy to get away. >> we're excited. going to dallas for a golf tournament. >> so far, knock on wood, no problems. >> going to get on a plane and land in three hours and have dinner and drinks as soon as we can. how about that?

>> when it comes to where people traveled this long weekend, these were the top booked domestic destinations. many of the people that got away are coming back monday. monday is the most popular day for traveling back. if you're on the road or in the sky, it will be a busy one. >> i love that guys confidence, get on a plane, land, have a few drinks. last summer people had a lot of drinks on the plane because it was stuck on the tarmac. i hope he's right about that. >> yeah, i hope so too. i'll be flying as well. i'm hoping the same. >> thanks, madison. here to get us through the rest of the summer, our go-to travel guy, lee albamonte. it's cheaper than last year and more folks are taking advantage. but everyone still has that on the back of their mind. how bad was it last year when the airlines were so unprepared?

i suspect they're better prepared this time. >> you and i should have drinks with that guy, by the way. the airlines should be more prepared. they had an awful test run last year. you know, employment is up. people get it and realize you have to have patience, especially when traveling on a holiday weekend. and yeah, i think it's going to be tough sledding. people kind of know what to do these days, or i hope they do. we won't have a lot of incidents. >> let's talk about that. let's start with flying. because for me, i don't know -- i think i know what to do. i look around and people have the neck thing, the head phones. my flight is delayed, i'm in bad shape. give us a couple of tips just to get us through that. >> first of all, i tell people that they should get to the airport early and take early

flights at off peak times. if you're delayed or any kind of cancellation, you have a better chance of getting out if you go early. also, have travel insurance. because if your flight is delayed or cancelled, you can get reimbursed for costs whether it's food or lodging or have to buy a new flight. those are tips. be patient and be nice to the people working at the airport. they won't help jerks. >> good point. let's say that for all service workers. 86% on the ground. driving. what are some of the tips for those folks? >> if you're driving your own car, you want to map out where you're going and maybe check again prices. gas prices are down but expensive depending what state you are. check state to state. like if you're in new york, gas is cheapner new jersey. so you might want to think about filling up there. that type of thing. if you're renting a car,

consider preparing gas. if you're driving a significant amount. it will save you time. join the rental car loyalty programs. then you don't have to wait in line and in the busy summer season. you can go to where the cars are and grab a car and go from there. one of the biggest things is use your own car insurance and car insurance that is covered by your credit card. don't necessarily take the ones offered why rental car companies. they're not that good of a deal. >> let's go back to flying a second. i talked to a lot of people. the flights are more connections. before you made one stop. now it's 17 stops to get from new york to texas. are you seeing that also? is that a new part of travel as well? >> if you look for flights and the cheapest flight, sometimes you'll get ones that connect once or twice. you know, depending where you're going, even more. you might have to pay more for a nonstop flight. that is true. but for me, if you get the

nonstop flight, it's probably worth the extra couple bucks to get the peace of mind and not worry about a second or third flight getting delayed. if you're checking bags, less opportunity for your bags to get lost or ruined or whatever it might be. >> i'd pay almost anything for a direct flight. thanks, lee. >> the best flight is a direct flight. >> thankses. i appreciate you. >> thank you. >> the federal reserve is set to meet in the next two weeks. will they keep hiking rates and try to tame inflation and what would it mine for your money? and it turns out inflation isn't just costing you more at the store. it's forcing more people to use plastic. now some of them are in trouble. ♪ i have moderate to severe plaque psoriasis. thanks to skyrizi,

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>> i mike emanuel from fox news in washington. "your world" continues in just a moment. first, a special report news break. president biden says he feels good about the prospects of passage for the debt ceiling deal reached with kevin mccarthy over the weekend. the fire chief in davenport, iowa says it's unclear how many people are missing after the collapse of an apartment building. firefighters rescued one overnight after freeing seven following the initial call. no fatalities have been reported. explosions have rattled kyiv in daylight hours as russian ballistic missiles fell on the capitol. i'll be back for a special report live at 6:00 p.m. eastern with all the days news and politics. now back to "your world."

>> charles: it's been a volatile first half of the year for your money so far. in two weeks, the federal le serve will be at it with another possible rate hike to deal with inflation. what would that mean for the stocks in your portfolio and your money in general? i want to bring in the money panel, rebecca wallser and david botson. reb rebecca, it changes daily but the tide is turning. if you thought the fed was done, maybe they're not. >> absolutely. i said that so long ago. i said hey, if you think we're going to get a pause and a pivot -- everybody was talking about pivot. the market was pricing it in and having to go in on a tear. it wasn't going to happen. the labor market for the small and medium size businesses was too tight and it will give the fed too much trouble on tight labor conditions. obviously we have tight labor conditions, wages go up, have gone up. there's a lot of openings and

they can't get filled. we have that situation happening. >> charles: david, my concern looking at the last jobs report, wages are going up, but going up slower. we learned from the small business nfib that they're done. they won't spend much more on cap x or hiring. you have to be concerned about the so-called lag effect. the fed has done a lot. they've been on a record pace. how concerned are you that they may go too far? >> i'm far more concerned about that than the other. the idea that they would keep raising rates because too many people have jobs is absurd. it's immoral economics. jobs don't create inflations. people having jobs produces goods and services. it adds to supply and brings down inflation. your point that the rate of growth of wages has slowed, that's not only not good but the exact opposite of what them

piece predict. there's no wage price spiral. if you take out the lag of shelter inflation, they have about a 2. 5% rate right now. i don't believe the fed is keeping up with the times and they're going to do what you said, tighten too far and hurt on going cap x and business investment. >> charles: so with that in mind, they have 500 phds over there. golly. maybe they don't get out of the building much. you know, they talk about the time. there's an army of them always talking and trying to jaw bone the market. that's fine. you can consider that a tool. the powell fed has blew it on inflation and i think that they're try too hard and going to blow it again. >> you can have as many ph.d.s in the world. and the theory has never been proven as mmt has never gone up. we've never had mmts for this

level to this period of time to see what the results and repercussions are. so i think we're starting to finally feel the effects of too much of a debt burden, too many things going on at once, too much -- just globally. everything happening, we can't stimulate through coronavirus and recapitalize investments back in 2019 and think we can keep fixing this problem but pausing, pivoting and having to do that again. this country has to figure out how we're going to pay our bills without debt borrowing against the whole world. >> charles: i'm sure they didn't have this in mind when they formed the fed in 1913. but the markets have held through it good. >> markets trade in the long-term around earnings. they have to look through a lot of noise along the way. they have to look through the noise of debt ceiling discussions that are

dumbfounding and how stupid they are and they have to look through other volatility because the news cycle will always have different things. charles, the issue that rebecca brought up is the important one and we have the precedent for. that is japan. when you get too much monetary policy, fiscal policy trying to finks things, it looks to downward pressure on growth that can last for decades, not months. so for everyone handwringing, we have government trying to do too many things that indebtedness is the problem. unlike the financial crisis in 08, households that were over levered, it's governments over levered. japan is the story that people need to worry about. >> charles: a great study. thanks. appreciate it. all right, if you're firing up the grill today, you're probably

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enough. >> a lot of food is supply and demand right now. i'd say i feel right now just from talking to our ranchers and farmers and dairy farmers and fish, you know mongers that we're at the peak of this food inflation period right now. we're starting to see some relief chicken prices for memorial day. they're lower than last year. you're seeing things like avocados lower than last year. you know, strawberries went up a little bit in price. grapes are higher. you're seeing market supply and demand issues right now. meat prices have a little high right now. i talked to one of our ranchers today in kansas city. he said the herd sizes are lower. but with the rain and the green pastures, he feels that will expand as the year goes on and we'll see lower meat prices.

>> charles: it's great that we may have hit a peak. but again, we ran into inflation that was a four decade high. people are grappling with other costs in their lives as well. is there a new normal or can we get back to prices that people come to expect? >> what we've done is we've seen a couple of baked in increases like labor. and stew leonards, we had to raise $2 an hour to attract great people. look at the feed prices with everything going on in the ukraine. that has a lasting effective. who knows what is happening with the energy prices right now. those are baked in prices. you see supply and demand issues can are relieving the price like on chicken. we had a problem with the flu over the last six months.

the chicken flocks are nice and big now. so those prices have come down. so i think overall, there's a few baked-in prices. i don't think we'll go back to where we were. but i think we'll reset probably to about half of the inflation numbers that you've been reporting. >> charles: you know, in our economy, there's a live for the moment thing going on. people are traveling, people are going to restaurants, people are eating out. how does that impact your industry? are they saying, you know what? i know it cost a lot. but that steak that stew was holding up, i'm going to buy it no matter what it cost. >> you know what, charles? what we're finding are the average costs, shopping patterns have changed. people are working more from home. people are putting one less item in their shopping cart. they're buying what they need

more than what they want. so we're seeing that -- one thing we're really happy with is that the customer counts are up. more customers are coming in the store. buying less. but what we find at the holidays like memorial day, it was a blockbuster memorial day. mother's day was strong. we're seeing more catering, more -- people, they love -- they want to get their families together and have a great barbecue. they want great burgers and rolls and fresh corn and watermelon chunks and all that. so we're seeing the holidays do better during the week is soft. >> charles: speaking of family, you recently lost your dad. he had a major influence on you and the scores. a quick thought about him before

we go. >> he was, he was a legend. you know, i'm getting choked up looking at this picture you have up there. i was lucky enough to have a great man like that as my mentor, my cheerleader. i was able to stand on his shoulders and help build the business. he was married for 70 years to my mom. raised a great family. built a great business. >> bill: you know, he's had paul newman here, martha stewart, sam walton and all of the greats. so he's really just like a legend. like i watched everything on tina turner last night. i was saying, you know, nothing to that scale involved. he was 93. he had a really good life.

my heart aches obviously. i'm grieving still. i loved him. he's a great man. >> charles: god bless him. >> bill: charles, one thing he would be -- one thing he would be proud of is you know what we did the past weekend? we gave out 700 meal barbecue boxes for families and veterans. we had the store filled with a lot of veterans and everything. i want to thank everybody. it's memorial day. i want to thank everybody in the armed forces and the veterans for the great job that they did. we were able to feed about 5,000 people who are less fortunate really. so makes us feel good. i know my dad would be looking down, patting me on the back for that one.

>> charles: an amazing family story. god bless you and god bless your father, stew and thanks for joining us. we appreciate it. thank you. folks, with prices up, more people are maxing out. in fact, american a massed nearly a $1 trillion credit card debt. as they deal with chronic inflation and rising worries of interest rates that could make the cost goes higher. with me now, derrick kenny. what is amazing to me, we had a week of earnings from gap, urban outfitters, abercrombie & fitch, through the roof. you have credit card debt near the highest all time. the interest payments are near the highest all time. is it the old american past time, charge it? >> charles, first of all, great to see you. happy memorial day. it is. these are habits where it's almost stress relief for people to go to the mall and spend money that they don't have to impress people that they don't

even like and raises their credit card bills to highs. americans have $1 trillion of credit card debt. up 20% from last year. its more than the pandemic. it's an epidemic and needs to be stopped. >> charles: how do you stop it? let's be honest here. during the pandemic, immediately after, you put a $2 trillion in the economy. you put it there for people to spend. we're always being urged and nudged to spend. whether it's from our own government, every time we turn on the tube, someone is saying you're worth it. you were born. you earned it. >> that's right. that's a hard mentality to shut off. that's hard to turn the off button on. the bottom line is this. if you have credit card debt right now, the government is not going to bail you out. that ship has sailed as we know. this monkey is on your back. you have to do something with

it. the cardinal rule right now of making sure that you stay on track with your credit is stay current with your payments. i know you're facing unprecedented challenges as had working americans, working hard to put food on the table, put your son or daughter in ballet, baseball. you're probably not spending extravagantly but having trouble making ends meet. the problem is the ends are further apart than ever before. you have to make sure you know, here's what i owe and come up with a game plan to attack. it's all out war with the highest interest rate and make sure you stay current on your payments is as important as breathing is to make sure that you don't delete your credit score. >> charles: great stuff. i appreciate it. growing competition and growing sales. tesla has cut prices. now they'll start cutting ads. o.

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♪ call one eight hundred, eight million ♪ >> one more thing. if you can find a better car, buy it. >> lie iacocca, great to see you. >> it's like elvis has entered the building. how important is the guy that runs the company to the company's image? >> well, very important. i don't suggest everybody do

commercials. we were going bankrupt. the agency talked to me in to it. they said you have to go back that afternoon and make sure the cars don't leak and rattle. >> charles: that was lee iacocca telling neil on how the commercials turned his business around. as tesla faces more competition, sound like ceo elon musk is hoping that ads will help him as well. musk announcing the company will try advertising for the first time in an effort to charge up their sales. automotive expert lauren fitz joins me now. they had this -- everybody knew electric vehicles. i'm surprised we don't call all of them teslas. that's how ubiquitous they have been. >> elon musk is taking a departure. no advertising.

now he's advertising. where did the ad appear? it's on twitter because he owns it. >> charles: that's a smart move. but the ownership of twitter has come with controversy. something that lee iacocca said, the guy representing lee and neil we're talking, the guy that represents the image of the company is the company. so i saw a poll this week, some sort of survey where tesla lost a lot of its appeal on the surveys. they still have good market share. are you seeing a push back because of the active role that musk has taken with twitter? >> absolutely. a lot of twitter people that didn't like twitter, liked twitter but maybe liked musk. but as soon as he owned twitter, they turned open him. there's a lot of push back. people are looking at cars, whether it's a kia or a hyundai or a ford mach-e.

just past friday, jim farley was on elon musk twitter spaces and they announced that they would be sharing charging stations. he has to work with people. he has to start advertising if he wishes -- his face is the brand. just like jim farley may not believe this, but he's the face of ford. so whatever they are is what people think of their brand. if you're loyal to a tesla brand, you may or may not still be loyal to him because of tesla -- because of twitter. >> charles: a series of price decreases and a price increase. there was some concern, you know like inflation. if you think the price is going down, why buy one today? you think that was a mistake? >> he was caught in a catch 22. the federal government decided to put that tax credit in. the vehicle had to be produced in the u.s., which not all of them are and the batteries had to come from the u.s. if you didn't meet the two

qualifiers, you didn't get the tax credit. the price point had to be lower. they kept changing the rules from the infrastructure law so he lowered the prices in order to need the tax credit. if you're over $80,000, you don't get the tax credit. he still wanted to use that tax credit that he had lost and he got it back. >> charles: is tesla still the company to beat? feels like they're number 1 by far in this says. >> not in china. china has beat them a couple months in a row. china is really supported byd to take over. here in the u.s., we have great product from every manufacturer and customers should do their homework. i'm not a fan of the tesla but there's great product out there. >> charles: thanks. as russia's war on ukraine continues, we're honoring heros

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continuous, this memorial day we pay tribute to the brave ukrainians as they defend their country and to all those that have served and sacrificed to defend our freedom. retired u.s. army bob mcginnis joins me today. colonel mcginnis, we keep hearing about the sort of counter assault that's coming up. it feels like the ultimate do or die moment for the people of ukraine. your thoughts?>> well, the last few months have been pretty bloody over there charles. estimated from the white house about hundred thousand casualties. 20,000 debts. ukrainians have been waiting

have the weather right, dry ound and have sufficient munitions in order to pursue what they want. that is to push the russians out of that country. i think a lot of americans don't appreciate the fact that ukrainians continue to fight. they're fighting at home. the russians are robbing their children 20,000 have been shipped back to russia. they are destroying their homeland. they're committing all sorts of atrocities. the resilient ukrainians are to be praised for their willingness to fight to the bitter end. unfortunately i'm afraid this work could continue for some time yet. >> when zelinski was in hiroshima after the atomic bomb dropped. i've also heard comparisons to

aleppo. and to your earlier point, i don't know that we truly appreciate the carnage that's going on over there. >> we don't. look at bucha. look at is em. 2 places where the atrocities were just horrendous. just imagine, the russian stuffed 17 ukrainians soldier corpses into the shell of a truck. put mines around them and buried them under the earth. hoping to kill more ukrainians that were trying to excavate these bodies. the terrible things that are being done, of course you complainant on pollutant, you could blame on the mercenaries that are doing horrendous things in our country. the resilience of the ukrainian people, to stand up against this horrendous battle is something to really make us all humbled. it's quite a thing to watch. >> there is talk of more events, fighter jets and those sort of things. you think about the time it takes to train up on them. to deliver them.

could be a moot point? do you sense there's gotta be a monumental shift in this battle sooner rather than later? >> well, i could tell you charles, ukrainian soldiers that don't want a forced peace. they do want the russians to be left in place. so yes, there could be a forced peace here. they don't want that. they want the russians gone. much like the nazis did some of the same sorts of things to the polls and other east europeans. the russians are doing to the ukrainians today. yes, they do want f-16s. the likely get them in time. perhaps we can accelerate the training. they have hi mars, that's a very sophisticated weapons which have really given them the edge against the russian onslaught. if it were not for the west providing these sophisticated weapons, no doubt the russians

would have been far more victorious and killed more ukrainians and would be in a different place than we are today. >> colonel mcginnis, let's talk about here in america. we talked about the fact that most americans don't understand the depth and the carnage and bravery that's going on over there. do you feel like, here at home we appreciate what's gone into our own freedoms? the fact that were able to celebrate memorial day and in a country with his relative peace in the worst is we tend to yell at each other. >> well, charles, freedom isn't free. unfortunately without a million americans through the 200+ years that we've been a nation that is given up the ultimate sacrifice for their freedom that we enjoy today. yeah, we want to enjoy our hotdogs and our barbecue and our beer or whatever it is we

do on memorial day. at the same time you want to carve out a little time. to remember those that are in your family or those are your neighbors or the wounded veterans from afghanistan and iraq that we see. we need to thank them and celebrate the fact that they gave all they could. >> colonel mcginnis, we salute you for your service that they give her today as well. they give it home for joining us. neil will be back tomorrow. we appreciate and enjoy today. the meantime, the 5 starts now. >> hello everybody i'm jesse watters along with jeanine pirro, jeanine pirro and tom saloom. it's 5 o'clock in new york city and this is a special edition of the 5. the summer season is here. americans across the country are enjoying the long holiday weekend traveling, having cookouts and hitting the beach. we can forget what today is