♪ looking for some hot stuff, baby, this evening. ♪ i immediate some hot stuff -- stuart: this was predictable, wasn't it? hot stuff. the inflation number was kind of hot stuff.

lauren it's fun ifny. stuart: well done. good morning, everyone. 10:00 eastern time. look at your money. oh, dear. we've not the dow down 470, the nasdaq down 160. why? because inflation if came in hot, and interest rates have gone straight up. by the way, the dow right at a 2-year low. and look at that, the 10-year treasury real chose to 4.5, up 13 basis points. in the bond market, that's a huge upside move in the yield. the 2-year treasury, look at that,s 4.6. earlier it had -- 4.96, earlier it crossed over 5%. not good for the stock market. bitcoin, $68,000 and small change. that's the markets on this wednesday morning ask and now this: if the president says trump is a threat to democracy. that's one of the main themes of his campaign. he's basing in this the claim on january the 6th. and and, of course, he jumps on trump's statement that only on day one would he be a dictator. trump was being sarcastic, or

but biden chooses to ignore that in the interest of political spin. so who really is a threat to democraciesome if how about this? the constant demonstration thes from pro-palestinian, frankly, pro-hamas, anti-semitic protesters who disrupt our politics. tuesday they shut down parts of the senate. democracy implies free debate. this crowd, and they're all in the democrat party, interrupt debate, they interrupt democracy. how about arek basi who calls for death to america and death to israel at a demonstration in dearborn, michigan? america's home turf. widen won't come out publicly and -- biden won't come out publicly and con dem it. and then student loan forgiveup, the supreme court has already rejected it but biden says he will ignore that. since when in our democracy is it okay to ignore a supreme court verdict? there's the border: you're not defending democracy when you ignore existing law and met 10

is million illegals -- and let 10 million illegals into the country, then taxpayers fly them around to states that done want them and can't support them. this undermines democracy. is biden defending democracy is -- if he ensis on voting rules that allow things to drag on forever? he's asking for trouble. trouble for democracy, that is. something's not right here. biden has embarked on a speat campaign painting his point if as a threat to democracy. frankly, he should look in the mirror. second is hour of "varney" just warming up. ♪ ♪ stuart: all right. the former governor of arkansas, mike huckabee, joins me now. who is the real threat to democracy here, trump or biden? what say you? >> well, it's very obvious that it's joe biden. and everything you just said is great. in fact, i'm going to raise my coffee mug to you today,

stuart -- [laughter] stuart: cheers. >> -- in a toast. but here's really what you hit upon p and i think this is the threat to democracy. joe biden is using the taxpayer-funded levers of government to go after his political opponents. , look at all the things that he's doing with the doj, the cia, the fbi, the irs, the atf. and what we see are alphabet agencies that we pay for that are taking apart of the election process. and then add to that all of the federal employees, particularly those in the fbi who are working with facebook and and instagram to try to control the news that americans really find out about. if you add to that the private meddling and outright censorship that news media are portray thing, and they're -- portraying and making sure that the public only hears half the story, all of that is a real threat to democracy because people don't have the facts and, therefore,

they can't make good decisions. stuart: on that note, governor, we've got a 25-year veteran at a npr criticizing his own network. he exposed the political bias when trump was elected. watch this. roll it. ,. >> we started covering trump many in a way that, like a lot of legacy news organizations, that we were trying to damage his presidency. to find anything we could to harm him. stuart: governor, the media was consumed with trump hatred and skewed their coverage, and it's still skewing it today. am i right or am i right? >> as always, stu -- [laughter] you're right. of course. but with, seriously, you are. and this is very troubling because each though they don't get a lot of their money from taxpayers, they do get some money from taxpayers. so we as taxpayers are paying for a part of a system that hates half of america. including the half of america

which i can myself a part of. and i find that very troubling. but anyone who pretends to be a journalist who is, in fact, nothing but ad slow candidate -- advocate, the best way i'd describe it is it's like having referees in a basketball game, they're supposed to call things fairly and evenly. but when the people take off their striped or shirts and put on a team jersey and they start actually playing and engaging in the game for one team, then no longer are you in a game. you are in a threat to democracy. stuart: governor, you come up with some of the best, what is it, analogies. that's what i'm looking for. some of the best analogies in america, you have got 'em. [laughter] you print them. governor, thanks for joining us. we hope to see you again real soon. good stuff. >> thanks, stu. stuart: got to get back to the inflation report. it came in hotter than expected. by the way, for the third month in a row. 3.5% up on consumer prices in the past year. for the third month in a row, inflation increasing.

scott shellady with me now. okay, inflation's increasing for the last three months. where's it going from here, higher is still, scott? >> i just think it hangs out here. it might come down a little bit next time, might even go up a little bit. but, stuart, you hear a lot of folks especially e on the news networks, we talk about this higher for longer. you know, stuart, i would argue it's more normal for longer, right? we're coming off 15 years of basically 0% interest rates, and everybody got used to that sugar water, and that's put us in the problems we're inned today. i don't think 5.25-5.5 is really expensive. it now puts the fed in a really difficult position, right? they can't keep them here, hike them or lower them because you tell me what's going to happen to house, stuart, when it's already up and mortgages are well in thes, what's going to -- in the 70s -- 7s, what's going to happen to any asset when they cut interest rates? it's going to add to that their

inflationary problem. and if they keep them the same, the lore 80-85% of america who doesn't own real estate, doesn't have a job with a 401(k), lives paycheck to paycheck, or they're going to continue town this path of 34% higher food, 33% higher fuel. they're damned if they do, damned if they don't, and it's because of the free money for 15 years. stuart: you got it. invest -- in the last six months, america has spent more on the interest on the debt than we have on defense. now interest rates are rising, so we're going to be borrowing a couple of trillion dollars fairly soon, and it's going to cost us a great deal more money. my point is, are we approaching rapidly an ec emotion of the debt bomb -- explosion of the debt bomb? what do you say? >> well, i think i'll leave it up to ernest hemingway when asked about a going bankrupt. he said, well gradually at first and then all of a sudden it was all of a sudden. [laughter] that's exactly what we're at here. we're going down that road. we're printing money now,

stuart. we're printing money only to pay the debt interest. stuart: that's right. >> we're not printing money to pay off the a debt. that is a huge sign, all the alarms should be going off when you're only presenting money to pay for the interest? that is a doom loop. you condition pull yourself out of that until you have drastic measures. stuart: that's extraordinary. i did not know that. we're printing money to pay the interest. that's extraordinary. scott shellady, good tough today. thank you very much for being with us today. see you again soon. >> all right. stuart: back to the stock market. look, some stocks really are moving and having an effect on the dow. for example, goldman sachs 'em. lauren: yes. and the other banks are sharply lower. interest rates do stay higher for longer, the banks might have to carry higher loan-loss provisions and businesses as well as consumers could start to default. that is a are risk of higher reinterest rates. stuart: i would imagine that the home builders are down because mortgage rates are going to go up from here. what's happening in. lauren: look at this, down 4% plus across the group here.

mortgage rates are rising again. freddie mac last week says the 30-year averaged 6.82%, that was an increase, and now with the cpi data showing an unexpected sharp increase, these numbers could go up again for mortgage rates. stuart: you've been searching, and i believe you found one green arrow, and that would be delta that airlines -- lauren: is it still sharply higher or? show me, show me. delta, okay, up 2%. stuart: why? lauren: really solid earnings in the quarter. they said traffic was up%, and that demand --%, and that demans being sustained into this current quarter. i mean, the new normal, right? things cost a lot of money, and somehow we're booking tickets to florida and spain. stuart: the only group i will never invest in, airlines. and they're up today and everybody else is down. maryland senator ben cardin, he's introduced a bill to fund repairs for the baltimore bridge. who pays? lauren: he wants the federal

government to foot the entire bill, 100%. current law states the federal government only has to fund 90 percent if of it. -- 90% of it. senator cardin says -- >> -- 100% federal funds in regards to the construction and replacement. this is not unprecedented. the 100% was used in the minnesota bridge replacement, and this is a commitment that is normal for this type of a catastrophic loss of a major infrastructure in our, in our country. lauren: yeah. well, there's a group of house republicans, they are reluctant to spend more money even on disaster spending without cutting spending elsewhere with. as far as we know, it does not appear that senator cardin,'s bill will have any spending cuts to offset -- stuart: of course not. this is vote buying. maryland's going to go democrat anyway, so what? spend some more money on them. lauren i lauren he is the democratic senator from

maryland, so i understand where he's coming from. stuart: vote for me. why not? lauren: we spend so much, what's another 10%? seriously. stuart: don't do that. wrong today for that. president zelenskyy says ukraine will lose the war if lawmakers in the u.s. do not pass more funding. nebraska senator pete rickets will respond. dhs secretary alejandro pie your car accident impeachment proceedings delayed. this as biden reportedly plans to sign an executive order limiting illegal border crossings. chad pergram has more on that, and and he's next. ♪ muck i just can't describe it ♪ oh, no, in, finally it's the happened to me. ♪ right in front of my face ♪ ♪

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stuart: 45 minutes into the trading session and there's still plenty of red ink on the board. down 460 on the dow, down 1 is 75 on the nasdaq. inflation up, interest rates up, stocks down. that's the story. big tech this morn, all of it on the downside. i can't see a winner there at all a. meta, it's only down 56 cents, that's all. amazon's down a buck, alphabet, a buck. microsoft, $5 down. right now dhs secretary the alejandro mayorkas is making his pitch to lawmakers for more money this as a house speaker johnson a delays spending articles of impeachment on mayorkas to the senate until next week. chad pergram on capitol hill. why the delay, chad? >> reporter: stuart, good morning. republicans want to stretch out the impeach ifment of homeland security secretary alejandro mayorkas. senate republicans hope this builds leverage and will force the senate to hold a full trial,

not a quick dismiss a. -- dismissal. >> what they're nuking here is not just a senate possess we department or a senate rule, but a provision of the constitution and a time-honored duty in the if united states senate to do this. >> reporter: democrats are expected to punt the article as if they can stick together. it's about the math. a simple majority is enough to terminate an impeachment trial. [inaudible conversations] >> look, we're going to try and resolve this issue as quickly as possible. impeachment how old never be used to settle -- should never be used to settle policy disagreements. [inaudible conversations] >> reporter: -- there might be a debate about some sort of a framework -- [inaudible] what do you think -- >> as i said, we're going to try to resolve in this the as quickly as possible. >> reporter: but schumer is coy about his man. the majority leader doesn't need to say much until the house sends the impeachment articles across the capitol. even the house members who will

prosecute the case before the senate were caught off guard about the delay. >> -- articles of impeachment. right now i'm finding out from you, chad, are we taking them the over tomorrow or are we not? that is a failure of leadership are. real leaders do not lead their members where they're blind. >> reporter: now many, the new plan is to send the articles to the senate on monday, then swear in senators as jurors after that. only then can schumer order a vote to dismiss. finish stuart? stuart: i got it. thanks, chad. senator pete ricketts is a republican from the great state of nebraska and joining me now. you're calling out schumer over his decision not to hold a full trial in the senate. at the end of the day, senator, where's this going? >> well, you're absolutely right. this would be a huge, bad precedent, if leader schumer would just december miss this, try and do a disable motion or send it back to committee. can you imagine what would have

happened, how the left would have gone boppingers if with the trump impeachment the republicans tried to do the seam thing? this is this is the about making sure that we're doing our constitutional duty. so we really need to have a full if trial of alejandro mayorkas' apparent willful december regard of the law. it's -- disregard of the law. it's something that's going to be on trial here, and we can see the results of it with 9.2 million people trying to cross the border illegally, that many encounters in the biden administrationful that's more than the obama and trump administrations combined. so we have a national security, a drug trafficking, sex trafficking, child trafficking catastrophe at a you are our southern border. -- at our southern border and somebody needs to be held accountable. in the private sector, when somebody's not doing their job, you told them at,. -- accountable. we've got to hold mayorkas accountable. stuart: ukraine's zelenskyy warns ukraine will lose the war

if lawmakers in america do not pass more funding. what are you going to do about this? will you allow ukraine to lose? >> yeah. the -- my position has been very consistent in myport for ukraine, for israel, for pushing back on the chinese communist party. what you see is that a majority of republicans in both the house and the senate believe we need to take care of our own country first which means the southern border we were just talking about. again, when you have 9.2 million encounters in just a little over 3 years, you have a catastrophe. and it's creating a huge problem with drugs, killing our young people. we need to address that and that's, again, what i hope we see. i think schumer made a huge mistake in not continuing to negotiate on the southern border when he passed the supplemental because the house isn't going to go for it. you need to have something come out of the house that's going to aaddress the border, and that would have a chance of -- stuart: isn't that sacrificing ukraine because of our border problem? if is that it? >> i think what the majority of

republicans in both the house and senate believe is we need to take care of our own country first. there's lot of people who still need -- lot of things still need to happen, for example, in ukraine. he just took his law down from drafting people from age 27 to age 25. why did didn't he that take it down to 18? stuart: yeah, or he's desperate. >> nato countries need to get their spending up to -- 2. germany is going to get there, but they don't have a way to sustain the it. lots of countries need to pitch in to make ukraine successful. there's opportunities for all of us to do more, and that's what we need to keep pushing for. senator senator -- stuart: so no more aid to ukraine until biden agrees to do manager on the border which may or may not if happen and which puts ukraine in peril in that's your position? >> yeah where. i think you're going to see that 's the position of the majority of the republicans in both the house and senate. we need to address the border as

we're going to address ukraine. stuart: okay. many senator thanks, as a always, for coming on the show. always appreciate it. zelenskyy's warning that a putinen is implementing our political system, lauren, how are hay doing it? if. lauren: he told politico that russia has already penetrated u.s. politics through a lobbying and mass disinformation campaign, and he fears that those campaigns will push u.s. lawmakers to push ukraine to concede territory to russia to end the war. "the washington post" reported that donald trump favored ukraine ceding territory to end the war -- [laughter] so certificate e eleven, sky invited trump to come visit -- zelenskyy. see for yourself, taking trump very seriously. well, we'll see. [laughter] stuart: we'll see. lauren lawyer i also wanted to tell you that nancy employees i city is calling out progressives here at home who are protesting biden's policy on israel. she said this only helps putin in the end. watch. enter some of it is -- >> some of it is spontaneous,

sincere and ale and organic. some of it, i make a distinction between astroyou are the turf and grassroots. and some of it is astroturf. so it's -- who weapon fits from it? -- benefits from it in donald trump. who benefits from donald rump? putin. -- donald trump. putin. there's, in my view, a connection. stuart: [inaudible] lauren: it's con so lithe luted, but she's again making that connection that putin and trump work hand in hand. they keep making that a conspiracy if theory, that connection. but i go back to there would not be a war in ukraine if trump were still president most likely. stuart: right. till playing the russia, russia, russia hoax. can't get away from it. now this, the administration's cracking down on pandemic grade. a watchdog found at least 1 100 billion in pandemic relief was stolen. and 18 states now suing the white house over its student loan handouts. why is the president doing this if he knows it'll be thrown out

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stuart: we're one hour into the with trading session. the red ink has receded just a little. the dow was down 500, now it's down 387. the nasdaq was down 170, 1 is 80, now it's down 154. but look at gold. previously, it had been down a couple of bucks. now it's moved up $3, $2365. as you might expect, gold is a hedge against inflation. inflation is moving up, therefore, gold should go up and and now it is going up. lauren's back with the movers. you know, we'd better start with tesla. lauren: down it goes, down 2.6%. bank of america cutting their price target to $220 from $280. look, elon musk, the ceo, has long raised the alarm bells on high interest rates. he says high rates for car buyers, and the prospect of higher for longer really clouds the excitement that was coming

into tesla a around their robo taxis and their autonomy, their full self-driving. again, tesla down 2.6%. stuart: $172, is the price. lauren: yeah. stuart: boeing. lauren: at one point, shares were at their lowest level since december of 2022, and it's reit about there now. look -- right about there now. poor delivery numbers for their jets, criminal and safety investigations. i find it shocking that you get two price target cuts today, both at steeple and morgan stanley, but they're cut, but steeple has cut to $260 which is almost $100 more than where boeing's at now, so go figure. stuart: yeah. can you show me nvidia? it was down sharply earlier, that's a u-turn. lauren: yep. stuart: how come? lauren: morgan stanley analysts said this stock is going to $1,000, a sharp increase from their prior price target of $795. they are not worried about a correction or increased

competition the for nvidia because the a.i. game, they said is so strong, and this is the one of the best names -- stuart: or inflation or interest rates. okay, got it. thanks, lauren. let's bring in house ways and means committee chair, congressman jason smith. sir, the inflation rate came in higher than expected. the white house is spinning this. they put ott -- out a statement saying at least it's down from it highs of june of 2022. are you buying that? >> to i'm not. when you look at this, stuart, inflation at 3.5% today, it's 19.4%, it's increased since joe biden,'s taken the oath of office. and n -- biden's taken the oath of office. and, in fact, the last 36 straight months inflation if has been up more than 150% above the federal target rate of inflation. stuart: so what does this do to the debt? we've just reported yesterday that we're spending more on interest on the debt than we are on defense. that was the last six months. interest rates are rising, so

we're going to be spending more on interest. are we approaching a point when there's going to be a debt bomb explosion, congressman? >> you know, stuart, just a few years ago a i was the ranking member of the budget committee, and at that point our interest expense was $350 billion which was a lot of money and it wasn't projected that interest expense would be over a trillion dollars for another 10 years. however, this year interest will be almost $1.1 trillion, and the reason why that is the case is because interest rates are the highest they've been in 23 years. interest rates were increased to combat inflation. inflation created by joe biden, nancy pelosi and chuck schumer's $10 trillion of wasteful spending. if. stuart: trouble is though, not much you can do about it. they're going to spend a lot more money in the pooch, and that's a fact, right -- in the future. >> well, what we can do is to try to put the brakes to it. and one thing when had been i

said they spent $10 trillion of new spending? that was on top of just funding government. that was $10 trillion on top of funding government. that's not happening now. stuart: change the subject. your state is joining seven others in suing president biden over his latest student debt plan, bringing the total number of state lawsuits 10 -- to 18. here's your attorney general on this program yesterday. roll it. >> at the end of the day, this harms missourians. we can't let joe biden saddle families with ivy league debt. the last plan would have cost missouri if taxpayers $44 million if or, more than a half trillion nationally, and we anticipate this plan is going to cost missourians exactly the same amount if not more. we know nationally it costs more, so we can't let joe biden saddle working missouri families with ivy league debt. we've got to keep pushing this forward. start to stuart now, this latest plan to forgive with debt, it's already been rejected by the supreme court.

it'll likely be rejected again in september. so why is the president doing this if he knows the plan is going to be rejected? >> you know, stuart, this is a pattern of the died. en -- biden family whether it's his son or the president of the united states. they believe they're above the law are. the supreme court has spoken loud and clear that it's unconstitutional for the president to unilaterally discharge debt. but what is he doing? he's violating the law because he's a biden and, apparently, he's held to a different standard. this is going to cost working pa families almost are a after half a trillion dollars just like attorney general daley said. this is a disgrace. -- attorney general bailey said. 87% of all americans will be paying for the 13% of americans that have student loan debt. stuart: when it's canceled, when the supreme court rejected it, is this a political ploy on the part of biden to make republicans look bad? if he will say, oh, the republicans reject it, it's their fault.

that's why you don't get student loan forgiveness. is it a political ploy in. >> stuart, all of his actions are political reasons. he is making these actions to reward his political friends. if you look at a educated voters, they're democrats, working class american, blue collar folks are republicans. he is rewarding his supporters. stuart: you hosted a meeting in chicago where we will get to at some future point. i'm afraid i'm out of time. congressman jason smith, always a pleasure and finish. >> great to be with you, stuart. stuart: thanks a lot. there was plenty of fraud during covid. a watchdog says the fraud was, frankly, astromom if call. grady trimble joins me. what's the number? how big was this fraud, grady? >> reporter: it could be up to $135, even $200 billion, stu. but the doj just announced that it clawed back some of the covid fraud money, about $1.4 billion. here's that number9 that the doj

says it and other federal agencies have recovered in stolen covid relief money, and they've charged more than 3500 defendants with crimes related to pandemic fraud. at the same time as this announcement, senate democrats are introducing new legislation aimed at going after more fraudsters and preventing theft and fraud involving other benefits programs. remember, it's been two years since president biden said this in his state of the union address. >> under my administration the watchdogs are back. [cheers and applause] we're going to go after the criminals who who stole billions of relief money meant for small business with and millions of americans. >> reporter: and as you know, stu, covid fraud is a topic republican have been all over for year when they took back the house, in fact, one of their first orders of business was holding hearings about it. and and that's where experts from the government

accountability office testified that the total amount of fraud if committed during the pandemic was somewhere between $100-135 billion, up to 15% of the total amount of money given out. so this $1.4 billion from the, that the doj announced it recovered pales in comparison to the total amounting of fraud. there could be some bipartisan support for an even ooh bigger crackdown on this type of fraud, stu. stuart: i should think there ought to be. you know, when your talking hundreds of billions, maybe you should get to the bottom of it. >> reporter: maybe. stuart: grady trimble, you're all right. thanks very much, unkeyed. president biden sat down for an interview with universion. it air ad last night in. lauren, i bent he tried to demonize trump as bad for minorities. lauren: sure did. called him the greatest threat to to democracy. and because he says peen stuff, this is the exact quote, look at the way he talks about minority populations or his panics, talking about -- hispanics, talk about theming with -- i can't

think of any other time in my lifetime, in history that's occurred that you've had somebody who's had this kind of attitude. okay. let's just show you the polls, because the polls show the opposite. this from axios. trump's favorability among latinos, it's up 3 points. 32%. biden's is down several points at 41%, down 6 points. so, yeah. i mean, that says a different story. stuart: where is the humanity of 90,000 children who came across the border and we don't know where they are? that's on biden's watch. where's the humanity? lauren: well, he -- there's also an ax a gross report that he's expected to sign an executive order soon to do something about the border, to cut down on the number of illegals crossing a because he's being pushed there by polls like the one we just showed you. stuart: just a tad late, but there you go. thank you, lauren. calm me down, please. general motors' robo taxis will be back on the road after they were forced to ground operations in october. this time there will be people behind the wheel.

kelly o'grady has the story. nvidia entered correction territory as the stock falls from its all-time high. can we expect a rebound? ray wang on that. ray is next. ♪ anything can happen, anything can happen ♪

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stuart: on the market, red ink prevails. the dow up's down 300, nasdaq's down 117. why? if because interest rates are going straight up, and inflation is running hot. this is the yield on the 10-year treasury, right around 4.5%. now show me the 2-year. the yield there, straight up again, you're up 20 basis points at 4.94. earlier we crossed 5% on the 2-year treasury. not good for stocks.

next case, general motors robo taxis will resume operations if parts of the u.s. today. the self-driving cars had been halted for six months. kelly o'gradys has the story. they will have drivers now, surely. >> reporter: yes,, they will. [laughter] no or worries, stuart. yes. sos this is kind of the first ten for them on the way back to awe a on the mouse driving. there are going to be humans behind the wheel this time. the company was forced to ground its fleet after a woman was actually dragged 20 feet in san francisco. following the shutdown a amidst a number of federal probes, cofinders resigned, nine executives plus a gater of the work force were -- a quarter of the work force were laid off. cruz is resuming driving to gather road information in select citieses, ultimately, fully driverless operations in collaboration with the city. getting cruz back on the road is really key for general motors.

the robo taxi is business was set to be a critical a part in reaching a revenue target of $280 billion by 2030. it was predicted to account for $50 billion alone of that. despite safety concerns, cruz isn't the only company -- cruise isn't the only company going full steam ahead, alphabet's waymo is is expanding to los angeles with a reported 50,000 long wait list of passengers to get behind a driverless car. now, for all these companies the past hasn't been without safety issues. for example, tesla issued a widespreading recall of its autopilot system. here's what i find interesting, stuart. statistically, robo taxis are going to have far less accidents, but that consumer trepidation is going to be really off to get over. stuart: you can't get over that, can you in there's no driver behind the wheel. makes people feel strange and awkward. great report, kelly are. thank you very much, indeed. look who's here now, ray wang. the man himself, on technology.

ray, we have 3.5% inflation at the consumer level. that's hot and rising. does that the alter your price target of $1200 for vined ya? -- can nvidia? >> not for invid. >>, but these -- this is going to impact interest rates. you can kiss an interest candidate cut good-bye if this keeps up, and this pernicious wage inflation that's going to pick up on the other end, look at california, $20 an hour for minimum wage. so it's not coming down. stuart: so so, okay, rising interest rates, rising inflation. you say t not going to hurt inflation -- nvidia, you say they'll go to $1200 a share. what about the rest are of the market? what about the rest of big tech in higher interest rates surely are a negative for the big five or the big seven. >> you're definitely right. on the fab five or the mag seven, it's going if to have an impact. there's three other factors. if you have an a.i. story, china exposure, if you don't have the revenue, that's hurting apple

and tesla. the other five e will be okay, or but it's really the a.i. boom carrying everything else and the ability to hit revenue numbers. on the nvidia side, people worried about nvidia being challenged by other folks on chips. that's not going to happen for another 18-24 months which is why most people are going to say, okay. they're shrugging their shoulders. there were some interesting announcements from google, so -- stuart: actually, so many people were buying the dip today because nvidia was down at $830 to start with. now it's rebounded, u-turn back to $871. you're still looking for $1200. okay, i got it. tell me about the google cloud eventful you were there. what came out of it? >> yeah. i'm still here the in las vegas, and i think we've seen google came back and showed where they're ahead in a.i. versus a lot of the other players. they made a lot of use case with agents showing how people can work with a.i. and humans can work to get a lot of productivity done, improve automation where he can and, of course, actually improve hair

businesses. and they also shows what heir able to do with chips. google's basically coming at it from chip all the a way the to the software level. and what they have is chips that handle cpus, gpus and tpus which give customers a lot of choice. there's going to be a lot of interest to see however google can take this, but they're telling a much better story on a.i. than six months ago, and customers are starting to use a.i. in a way they haven't before. stuart: got it. ray wang, we'd like to see you again, please. thanks very much. here's what's coming up for you. al, ocasio-cortez says there's the an upside to the uncommitted movement against biden. she says it's a great way to bring everybody together. but the uncommitted voters are anti-israel and, in my opinion, anti-semitic. how do they defit into the democratic party in jason rantz deals with it next. ♪

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stuart: a little bit of a let-up in the red ink. the cow's only down 350. -- the dow's only down 350. we always show you the dow winners. now we're going to show you the

dow losers. here they are. the biggest losers amongst the 30 dow stocks, home depot, cisco, intel, boeing and goldman sachs down 1.5%. look at that. home depot down 2.3%. lauren: mortgage rates go up, fewer people buy homes -- stuart: interest rates up, mortgage rates up, bad for the housing market. congresswoman 58 ocasio-cortez says there is an upside to democrats voting uncommitted in the primaries. watch this. >> we need to acknowledge, actually, the upside of the up committed movement -- uncommitted movement which is these are folks a that could have easily given way to cynicism and walked away from this process entirely. the democratic party has always been a coalition are party, and is we have to bring everybody together every time. because if that's what it means to be american. stuart: oh, we with must bring everyone together. jason rantz, the guy on the right-hand side of the screen. uncommitted voters, jason, are

pro-hamas. is there room for jewish people in the democrat party? if. >> i think there's room, but it's getting much smaller for them to fit in as the growing progressive movement just gets louder and louder and louder and then embraced by some of the more mainstream democrats. when you have someone like chuck schumer who decides to throw israel and jews under the bus because he thinks it's going to be politically went official to the democrat party, i think, is a clear betrayal. and and at the the end of the day, you've got too much jew hatred within the democrat party , and it's no longer just a africa of the democrat party. like i said, i don't think democrats as a whole are anti-riles. but i think the progressive high school. is -- anti-israel. and as the progressive movement takes over the democrat party, they're going of to come to terms with that. they're either going to continue to embrace it which i hope they don't, or they're going to have to deal with the fact that this coalition of jew haters is going to push jewish voters out. coming into this next election i

don't thinkst going to make a huge difference because of where jewish voters tend to be. heir already in deeply blue cities or states, but i think over time you're going to see the erosion of the jewish vote, frankly, the same way we've seen the erosion of latino votes for democrats. stuart: can you explain what's going on here in knight? five migrants with lengthy rap sheets were arrested in the city after they attacked officers who taught them -- caught them stealing from a target store. four of the five were released without bail. how do you explain what's going on here? >> this is actually really easy the figure out at this point. it's no longer just a crime issue, it's not a public safety issue, this is a political issue. and i think people need to start thinking of it in that way because that indicates this is a choice, right? voters are choosing to put people into with positions of power that make the sessions to implement strategies and different pieces of legislation that keep bad guys like this out on the streets. it is a choice. to reject cash bail. it is a choice to say we're not going to prosecute.

and that means voters can make the choice to revert back to the way things were when we actually had positive data as it relates to crime. and the same is true of the border, right? this is a choice right now that we have in november. you can go with the guy who has a proven if track record of keeping the porous border which is heeding to try -- crises like this or go with the guy e who has a track record of closing down the border. stuart: you got it. jason rantz, see you again soon, i hope. congressman bryan steil on biden end listing the prime minister of japan to counter or japan -- sorry, counter china. march ma maccallum on the media committing its has lost -- admitting it has lost the -- drg cancer among young people. the 11:00 hour is next. ♪ i got you, moonlight are, your my starlight. ♪ i need you all night, come on

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