year with. final thoughts here, chris, what are you expecting, and would you buy into stocks ahead of this week next weeksome. >> oh, absolutely, as long as they're quality companies, looking to cut costs. these times where, unfortunately, whenst a little bit inconclusive, it's great times to get involved. maria: cheryl, final word. >> i'm going to be looking at the small and regionalbacks. we've been hearing from some of them, in particular first republic is going to be the out, i want to see what the story is for hose the banks. maria: tiana, the debt ceiling negotiations will to also be front and center. >> and biden has made it clear he doesn't want to negotiate, so it's all in mcthink's court. -- mccarthy's court. core cpi did not go in the right direction, and that's really going to influence that fed decision. maria: have a great weekend, everybody. i'll see you with tonight on "wall street." "varney & company" picks it up now. stuart: all right, good morning,

everyone. the markets are relatively quiet, but the political world is running hot. president biden will announce his re-election campaign next tuesday. okay, i got this wrong. i said the democrats wouldn't let him run, but it is going to happen. the democrats, however, are hardly cheering him on. polls show most don't want him. attorney general merrick garland accused of interfering in the hunter biden investigation. that would be obstruction of justice at the highest level. the biden re-election campaign will have to deal with this. separately, the former cia chief helped organize a letter from intelligence professionals calling the hunter biden laptop the story, quote, russian disinformation. it was nothing of the sort. but biden used the bogus letter to slime trump. to the markets, a little price movement for stocks at least in the early going, dow up maybe 50, nasdaq down about 15. same with interest rates, not that much change. i've got the yield of 10-year treasury still just above 3.5%.

as for the 2-year treasury, i think it's just above 4%, 4.11 as we speak. bitcoin hanging around $28,000, it's at 28,1, to be precise. etherium just under two grand. watch teslad to. some shareholders are asking the tesla board to the rein in elon musk. they're not happy that tesla's value has dropped $600 billion. musk responded saying, quote: tesla is executing better than ever. end quote. the stock is up slightly today. huge dropped yesterday. on show this morning, gavin newsom on fentanyl -- [laughter] don't ask me. and a female athlete playing volleyball against a biological male. how did that go? it's friday, april 21st, 2023. "varney & company" is about to begin. ♪ ♪ ready, ready, ready, ready to

run ♪ stuart: what's this? i know this song, ready to run by the dixie chicks. of course. and you know why we're playing this song? it's very fitting, because we've got a new report that reveals president biden is, indeed, preparing to launch his re-election campaign. that should come out next tuesday. okay, play the music down now, okay? i think we got that. still in my ear, this thing. okay, steve doocy is with us this morning. our friend from "fox & friends" joins us this morning. of he's going to join us shortly. he's at a diner in texas, i thinks. he's been playing pickleball, but he's got a lot to the say about biden running for re-election, announcing next tuesday. get to the him in just a moment. now this: we've seen the white house blame trump for the border, afghanistan, the handling of covid and just about everything else, but what else are they trying on trump now? lauren: now that he's ready to run, they have to blame some

more. it's the economy. it was so bad when joe biden came into office that he had to rescue it. watch. >> the president, when he came in, nothing was being done. he made sure that, he made sure that economy came back in a way that, that it was, that we haven't seen in some time by making sure we created more than 12 million jobs. he made sure that people had shots in armses. he made sure that we were to come out of this pandemic. again, covid is not over, but we are certainly many in a different place than we have been because of what the president has done and the action that he took. stuart: oh, it is painful. [laughter] on a friday morning, you give that to us? lauren: the vaccine and operation warp speed came from trump. inflation when trump left office was 1.4%, and binding came in, he -- biden came in, he spent billions of dollars, he's trying to erase student debt, and he calls attaching work requirements to well pear whacko. so, yeah, he had to rescue the economy.

sure. stuart: biden to the rescue. excuse me. all right, check futures, please. we've got to get to the markets the friday morning. there's not the that much action. dow's up 30, nasdaq's down 18. sitting right next to us in new york city, all right, lou, here's another example where i might be wrong. i've been saying that the market just wants to go up. but i see all these professionals in the marketplaca and a couple of others -- saying, no, no, no, it's going to go down. >> this is where i'm going to tell you your right and i -- you're right and i was wrong. i was on six months ago, i'm a turncoat, i'm coming to your side of the camp. if you look, everyone hates strongs right now. the latest -- stocks right now. the latest jpmorgan survey, 95% expect stocks to drop this year, only 5% expect them to be flat, so that's a great contrarian indicator that we need to start getting into the markets. if you rook at other readings of

bearish bets, underweight to equities and institutional managers, they're all at extreme levels we haven't seen since 2008. stuart: so these professionals are wrong. >> they're usually wrong. they predicted the last 3 recessions 19 times, right? they don't ever get it consistently right. stuart: what's their thinking? if they're calling for lower stock prices, are they calling for a recession, for higher interest rates and more inflation? what's their story? >> i think it's a combination of stocks have come too far, too fast. they're overemphasizing the layoffs in the tech sec editor9 and the impact on mar -- sector and the impact on margins. so they're looking at that earnings outlook, the estimates for earnings have come down a ton in the last two quarters. so they've flipped fromming being positive to negative. i think it's just the total, the combination of all those factors has got everyone very bearish. but when everyone thinks a like, everyone's likely wrong. stuart: when i'm buying 6-month

treasury bills that pay me 5% -- >> here we go again. i'm not taking the bait to call you boring -- stuart: feel free. >> i think we both agree stocks could run higher, so i think it makes sense to be in 2-year treasuries, but if you have extra cash, there's good understoods to speculate. biotech, this week we had two mergers announced earlier in the week, merck announcing an $11 billion deal for prometheus and glaxo the next day, there's a lot of compelling takeover targets in the biotech space. there's a couple companies that i own personally, the firm's done business with, game therapeutics, lantern pharma trading at deep discounts to the market. one has a way to help with parkinson's disease, actually reverse it, so just really compelling drugs that could change the -- stuart: wait a minute. which company has a drug that can reverse -- >> so gain therapeutics, ganx, they were the news breaking on

par kickson's -- parkinson's with the michael fox foundation. stuart: you've invested in that? >> i personally own it. our firm doesn't do with any business with us. toothout so -- stuart: very interesting. thanks very much, indeed. a new report reveals that president biden is, indeed, preparing to launch his re-election campaign next tuesday. again, i'm introducing steve doocy who is at a diner in texas. great to have you on our show, steve. good to to see you. >> thank you very much. stuart, i'm not in a diner, i am at the courtside kitchen in fort worth, texas. this is a combination restaurant and pickleball joint. they've got nine pickleball courts out there, and i know in a minute we're going to talk about it, but that's why i'm here. t not just a diner. it's a tan city diner in fort worth -- fancy diner in fort worth with pickball. stuart: my apologies to the owners. sorry about that.

how do people there feel about biden running again? >> you know, we polled the audience a couple of times, and the number one thing that came up about joe biden this morning here live from the pickleball place with the diner is they're concerned about his age. they weren't really talking so much about his policies going forward, they're a little worried about what his policies have been so far. for the most part, i would say on the republican side the number one choice was donald trump. but i heard from a number of people they really like ron desantis. whenned asked can donald trump win the general election if he is the nominee, neither of the people who told us on camera that they thought donald trump was going to be guy were sure he could win the general election, so that's a problem. and the other point, stuart, of our joe biden declaring on tuesday, the 25th, joe biden is very superstitious guy. and four years ago he declared

i've run for president three times before, i'm going to do it today again on april 25th, 2019, and that's why, you know, somebody who ooh's a little worried about things going forward, a little suspicious, a little and what not, so he is going to do it because it worked for him before. stuart: there's another big story here today. other than the general merrick garland accused of obstructing justice in the hunter biden probe. i've watched you on "fox & friends," and you deliver clarity on the hunter bide biden probe. can you deliver some clarity on attorney general merrick garland and what position he's in right now? >> absolutely. keep in this mind, stuart, and on your program i know that about six months ago you reported that the washington post had a story the that fbi agents who had been investigating hunter biden had enough evidence to indict him on taxes, right? fbi says they're going to indict

him, then suddenly nothing. nothing, nothing. where's the indictment? what's going on? all we would hear from the white house is the attorney general and the president have both put all of their faith into david weiss, the u.s. attorney from delaware. he's going to be independent. and joe biden has said, you know, and merrick garland is independent, he can do whatever he wants. and yet now this whistleblower from the irs is saying that merrick garland sent stuff in sworn testimony regarding the hunter biden case that is not true. so the question is, who told merrick garland, the attorney general, this stuff that was not true? stuart: right. >> because, you know, you can say, okay, he's lying. he's got the wrong information. but if all you know is what you were told by somebody, that's what you're going to say. the question is, was he toll by somebody at the department of justice, or was he told by somebody at the white house. stuart: yes. >> so, you know, what did he

know and when did he know it. stuart: we're back to that. sounds like watergate, doesn't it? steve, i don't have time for you to the explain the rules of pickleball, because i understand you've got some problems with that, that's the way it is. but we hope you enjoy yourself down will the in texas not at a diner, at a fancy restaurant. >> thank you very much. stuart: see you soon. coming up, the attorney for the irs whistleblower, he says his client has receipts to to back up his claims. watch this. >> one of the things my client insists on is that he only come in to talk with both democrats and republicans, and and they can all ask him questions and cross-examine him, and he has document documents that'll support what he has to say. stuart: it's a big story. merrick garland is accused of political interference in a very high stakes case. look at this headline, e-cia chief -- ex-cia chief still spills on how he got officials to write a letter to help hunter biden.

of miranda devine has the story, and she's on the show. we brought you this story, with good credit you pay more in mortgage fees. a former obama housing official calls that unprecedented. michigan congressman bill huizenga agrees. he's next. ♪ it's been a long, hard ride. ♪ got a ways to go. ♪ but this is still the place that we all call -- like a smart coffee grinder - that orders fresh beans for you. oh, genius! for more breakthroughs like that... ...i need a breakthrough card... like ours! with 2.5% cash back on purchases of $5,000 or more... plus unlimited 2% cash back on all other purchases! and with greater spending potential, sam can keep making smart ideas... ...a brilliant reality! the ink business premier card from chase for business. make more of what's yours. ♪ what will you do?

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that's expected to be signed. it would limit technology going, limit investment. in technology in china. so the administration's been talking for several months about ways to limit the amount of technology, specific critical technology, that gets into the chinese communist party like artificial intelligence. everything from requiring more disclosures to actually limiting those investments in tech companies in china. republicans say the president has been slow to move though when it comes to the chinese. >> so it honestly feels like every day it's an avalanche of news, and it's one of the things that frustrates me when i hear people say, oh, you guys are being hyperbolic, or you're exaggerating, you're doing this for political purposes. we better wake up because the challenge is much bigger than our commitment right now, unfortunately. >> reporter: so as pressure mounts about president biden's soft on china approach, we've heard a slight change in the rhetoric from the national security spokesman, john kirby, yesterday.

had been to this. >> they want to challenge that order, hay want to undermine that order, they want to rewrite the rules for themselves. and as the president has said, we've got to consider this as strategic competition, and it's a competition that we can win. >> reporter: now, they're talking about winning at the white house against china. more than two months ago, or it's been more than two months since the president said he would con front the chinese about the spy balloon over the u.s., two years into a review of tiktok, the chinese-owned app, and arrests now for the spies, the chinese spy police station that's been alleged in new york city, but the fbi knew about that one for about a year. back to you, stu. stuart: edward, i hear you, thank you very much, indeed. a former housing chief under obama is ripping into president biden's mortgage plan. watch this. >> using fannie mae and freddie mac for these sort of political purposes may not be the best thing to do and, frankly, i think it violates the entire discipline that these two companies have operated under,

and it's going to end up costing some borrowers who are putting 15, 20% down payments who have credit scores in the 700s and above more for their mortgage so they can help pay for those who are getting the discount. this could be changed, and we can do better programs to help more minorities get into home ownership. this is not the way another the it. stuart: congressman bill huizenga joins me now, republican from the state of michigan. congressman, good credit pay more, bad credit pay less hawaii that's the world turned upside down. how are you going to stop that? >> it is the world turned upside down. and, first of all, exposing it, right? i mean, that -- this is this has flown so under the radar,st it's amazing. and what we've seen is we've seen fees drop, and then they figured out that they couldn't afford it, you couldn't pay for it -- by the way, these are organizations that are under conservatorship already, and now they've had to raise the fees, but they're raising them on the

wrong people because they're not doing risk-based pricing anymore. this is social-based pricing. stuart: you're shucking money at people who probably can't repay. you have the same consequences down the road. >> that's exactly the question we ought to be asking, how is this different from 2008 when people were put into situations where they were set up to fail? we can't do that. stuart: but can you reverse it? you're a congressman, you're in the house of representatives. can you reverse it? >> well, good question. that's some of the questions that we are asking right now. i actually chair the oversight subcommittee for financial services committee. we are asking those questions exactly now, bring us through how you've cone this. but more importantly, how will we get out of it. but i'm not sure this administration is interested in doing that. today don't want to back away -- stuart: oh, certainly not, they want this. fits their narrative, for sure. treasury secretary yellen, she says it would be a disaster for our economy to decouple from china. now, i know that you want some restraints on trade with china. >> yeah.

stuart: how far do you want to go in decoupling? >> i want to be secure, right? if we had, and here's what i mean by that. i want our economy to be secure. and what happened in covid is we were common can straiting whether service the paper masks, you know, in the ppe or whether it was ventilators or semiconductor chips, we are vulnerable right now. and we're vulnerable because of the actions of the chinese. i don't wish ill will on china any more than i wish it on the french or the german economy, but they are taking active steps to be has file towards us. -- hostile towards us. stuart: so what do we do? do we ban certain products, certain trade this. >> yeah. and there's certain things, we talked about tiktok earlier, right many if and i am for banning tiktok, frankly. but we've got to figure out how we get the closer to shore whether it's on our own shores or at least with our friends and or our allies, economic allies and just make sure that we are

on more secure footing. stuart: okay. what brings you to new york? >> actually, a number of things. stuart varney's show, of course -- stuart: oh! >> but i've got a daughter who's going to be graduating here shortly, and a classically trained singer, so she's doing a little show tonight as well. stuart: oh, well, congratulations. proud father's got to be there. >> yeah, it's going to be the great. stuart: thank you, sir, appreciate it. check futures, please. where are we? i see some green on this friday morning. nasdaq down 10, dow's up 40. not much change. the opening bell is next. ♪ i've got the magic in me -- ♪ every time i touch that track, it turns into gold. ♪ yes, it turns to gold. ♪ everybody knows identify got the magic -- i've got the magic in me ♪

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with microsoft's chatgpt4. which one performed better? >> well, i thought there was a couple of things to do here. it was the first time we really had a chance to it's drive both services -- test drive both services. bard's only been available for a couple of weeks, and chatgpt is the most recent innovative version, the fastest version of open a.i.'s different, large language models. i think they offer a significant improvement in search. between the two of them, i thought chatgpt was somewhat better but not in all cases, and i want to stick with the point that i think we're going to have an improved search experience. this is one of the most eye-catching examples of artificial intelligence. there are plenty the of others that most people don't get a chance to see, but this one comes right in front of you. and i think we're going to move beyond ten blue links. my guess is that we're going to see a vastly different google search engine within the next

six months, so i don't -- just asking questions, i don't think we're going to see a change in google's search market share. stuart: so google will stay the king of search, and bing will be way behind them as far as you can see. would that be right? if. >> probably. there's always the potential for surprises here, and if google -- put it this way, if google didn't react and develop bard, i think google clearly would be losing market share. it's just i think google has the ability to generate their own large language models. what iest thed, i thought, was -- i tested was ballpark close enough to chatgpt. the most expensive version, you have to pay for it, not too many people are going to do that. you get more detailedded answers to queries like what is compound interest, how can i get cheap flights to japan, the basic stuff that people use search for, for finance, for personal health, you know, for basic news. for most of those, you know, google's bard is good enough, and it's just concern it

enlifens the search results -- enlivens the search results. stuart: did you find as you used these learning machines, they got better? that your experience got better at you used gpt4 or google's search? >> that's a great question, stu. no, i didn't feel that, but i also -- this is one of those things where i'd probably have to use it for weeks and maybe a couple of months for it to really personalize to my interests. but the results i got were still better than what i got in the past. i think all of us should be happy we're moving beyond ten blue links. i give a lot of credit to open -- a.i. and to microsoft for saying there's a better search solution. it's forcing google to do a better job, that's great. stuart: mark mahaney, thank you very much is, indeed. we want to know more about a.i. all right, the market has opened on a friday morning. i've got some green, for the dow, that is. the dow is now up, what, 30 points, that's it, 33,800.

it's an even split, winners and losers. s&p 500, i believe, has opened ever so slightly higher. yes, it has. it's a fraction up, .07%. nasdaq, i think it's pretty much the same story. you've got a gain but -- a fractional losses, down .ing 08%. big tech, where are they this morning? amazon up, alphabet up but microsoft, apple and meta platforms are all on the downside. let's talk tesla. yeah, they had a big loss yesterday. morning, i believe they've -- this morning i believe they've raised prices on two models. susan: yeah, isn't that surprising? stuart: that's a reversal, isn't it? susan: tesla lost a full ford or in one single session, i think you might be rethinking your strategy. so that was the worst day for tesla's stock in three months plus, and this after, of course, reaction to six price cuts this year. and that makes the profit that they make off each car they sell less. and that's why stock fell

yesterday in that earnings report. so tesla raising prices on model, ands and ss. just a small increase -- xs and ss, around $2500 each on the high-end models. but still, if you look on the entire year, you're still getting these cars for a lot cheaper than you did before the start of 2023, and these car models are not eligible for that $7500 tax rebate. and they only sold 10,000 of those cars in the first quarter, so they need to drive demand at some point. musk himself -- stuart: yeah, i was just going to ask, how much did he losesome is. susan: do you feel sorry for him? [laughter] $13 billion. he's still worth $185 billion. by the way, throwist downgraded their call this morning -- truist downgraded, calling it a hold only worth $154. goldman went down to $185. but cathie wood last night said it's worth 2,000 by -- stuart: she's relentless. susan: she's put her money where her mouth is.

she bought 256,000 shares last night on dip, so that's millions of collars that she's spending. and ford says, i think ford pretty much ec ecod what i told you, is that elon musk and his aggressive price cuts, he's trying to kill off competition because he is probably the only one that can survive this with a trillion dollar valuation or at least the only car company that's worth more than everybody else. so he wants to take market share with price cutting. stuart: he's going for market share rather than profitability. susan: right. and he has cash on hand. stuart: we've got to talk layoffs because i think amazon and meta are in with more announcements, is that right in. susan: yeah, that's right. zuckerberg in "the wall street journal" apparently in an all-hands meeting says there could be more layoffs to come after cutting 21,000 in two rounds since november, and he admitted he cutted 4,000 jobs in tech divisions in highly coveted jobs like software engineers, graphics, user interface, programmers. they're also culting 10% of the u.k. staff -- cutting 10% of the

u.k. staff and that includes instagram workers. can they're going to slow hiring to 1-2% per year. amazon, by the way, is laying off several hundred at whole foods and that's part of 28,000 job cuts in two rounds. yesterday buzzfeed dropped 20 after closing buzz withfield news, and they're laying off 180. so really it's a year of efficiency. by the way, that's also why met a's stock is up 70, close to 80% on the year so far, because they are cost cutting. i think stuck and jassy are really taking a page from elon musk and that cut and burn over at twitter. but look, it still works, doesn't it? and if you're still making more money off of it, that's what wall street wants to see. they want to see a bigger, fat bottom line. stuart: it's just such a reversal of the way we used to think about big tech the and the jobs you could get and how wonderful they were. susan: that's the problem, right? you have to are remember that meta and amazon doubled their head count during covid whereas apple only increased by 20%, so

they don't have to lay off as much. stuart: just a few moments ago we were talking to mark mahaney about a.i. and google. can you give us more details on how google's expanding it a. a.i.? because that's very important. susan: alphabet rallied about 3-4% that that they're combining their a.i. division, brain research and deep mind which was part of that good question 90 -- "60 minutes" piece last week. bard is getting an upgrade the morning, a new software programming tool to assist with google sheets and other debugging capabilities so you can write code. stuart varney in the future could write code -- stuart: no. are you serious? really? susan: yes. that's what i was reading from the headlines. stuart: you think i could create an algorithm to tell the computer how to -- susan: i think you could ask bard to -- [laughter] i'm not saying a whole program. maybe a line of code. but also bank of america reiterating alphabet as a buy call this morning.

stuart: i want you to talk about microsoft -- susan: always. stuart: -- i know there's somebody out there saying it's going to go up. susan: wells fargo says it's overweight in their view, and bank of america says it's worth 325 -- stuart: they're right. [laughter] susan: you know, we are heading into the earnings next week, you'll be hearing from amazon and alpa that bet and the week after will be apple and the like. chipmakers though, everyone talking about chips, you know, we do have more politicians going to taiwan trying to secure more technology, etc. but these have been the, i would say, the outperformers when it comes to that a.i. boom. stuart: okay. i think we're cone. thank you very much. next time can you do procter & gamble? susan: actually, i really want to do procter & gamble -- stuart: i'm told we have time to do it. susan: you talk about pricing power, this is a company that has absolute pricing power. high-end consumers will continue to pay as much as they want for tide pods and pampers, so they raised prices again by 10% last quarter. that's the second quarter in a

row they've raised prices by 10%. the profit margins widened, volume sales may have declined 3%, but if you're getting more per item, that's huge. csx, this is a railroad, barometer for the economy and trade. solid volume growth. what does that tell you? solid volume growth, and they're also being able to price to cover their jet fuel costs. stuart: fascinating. that is fascinating. in this economy really is a conundrum. [laughter] susan: yeah. tech job cuts but maybe -- stuart: yeah. susan, we'll be back later on. thanks very much. coming up, governor of california gavin newsom under fire for a non-answer about the fentanyl crisis many industries. in san francisco. watch this. >> hey, gavin, tell me what you're going another the about the fentanyl epidemic. please. my name is j.j. smith -- >> what do you want -- >> what are you going to do about the fentanyl epidemic? >> you tell me what we need to do. that's why i'm here. stuart: well, newsom wants to be the president of the united states of america. the house passed a bill that

requires biological females to compete only against other biological females in women's sports. top house democrat hakeem jeffries says that's bullying trans athlete ares. congresswoman nancy mace will be here to ache that on shortly. will chatgpt lead to a 4-day workweek? our next guests seem to think so. my question, if you work a 4-day week, do you get paid for 5 daysesome a professor from the london school of economics joins us after this. ♪ working 9 to 5, what a way to make a living. ♪ barely getting by, it's all taking and no giving. ♪ they just use your mind and they never give you credit. ♪ it's enough to drive you crazy if you let it ♪ ♪ ♪

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it could replace millions of jobs. got that. but do we know any jobs that are safe from a.i., at least for now? lauren: safer? [laughter] i can't say safe. so these jobs are more likely to be complemented rather than replaced by a.i. according to goldman sachs, cleaning, installation, repair, construction, transportation each had over half of their tasks viewed as not being automate if bl, think manual, outdoors. i added health care, you need a personal touch. journalism, to filter through what could be misinformation. we'll see, stuart, for now. [laughter] but, you know, how could a.i. change or replace me, should be the question that everybody is asking right now. stuart: don't ask a that question. how could it replace me, because you might get an answer. lauren: -- to get better at what i i do. [laughter] stuart: well, listen to this because our next guest says chatgpt will lead to 4-day workweeks. so christopher is with us, he's

a nobel prize-winning economist. he's a professor at the london school of economics, of all places. sir, how does gpt lead to a 4-day week? >> now, let's see, i'm not saying that chatgpt's here now, so not next week start working four days a week. i'm saying the technologies that are coming, they're increasing our productivity, they are -- the things they do, hay do them faster than humans and as well now, they will be doing them better than humans sooner or later. and then there will be more productivity. we not need to work with on those same things, those long hours as before. stuart: okay. -- -- >> [inaudible] >> -- same income for two hours of work. stuart: that's my question.

if you work four days, will you be paid for five days? >> oh, yes, absolutely. that's essential. i'm not saying cut pay and work less. what i'm saying is that pay, stuart, is by productivity. productivity will increase because these machines are working faster and better than human beings at the tasks that they're doing. there are many tasks that they are not doing, but the tasks that they are doing, hale be able to provide -- they'll be able to provide, produce the same product, therefore, get the same money in a much shorter period of time than what we are doing now. and, therefore, will be able to take that extra time off -- stuart: okay. >> and there is a tendency -- stuart: ifs machines are getting better and better and learning faster and faster and doing more, more quickly, do we then get to a 3-day workweek at some point in the future? >> well, you know, john maynard

keynes said we're going to get to 15 hours in a week sooner or later. he didn't say 100 years many his writing, and that's about 5 years' time. i don't see that happening. even great minds like keynes can be wrong sometimes. i think let's work on the 4-day week and how we can arrange it now, you know, how we can transform our friday into saturday, if to you like, so that we have a 3-day weekend because, obviously, we don't want to just lie in bed those two days on a weekend, we want to do activities. there will be jobs being created in that direction. we need to consider schooling, what's happening, how are our kids going to go to school -- stuart: exactly. >> there are many things. but it's feasible, and there have been studies in britain and the united states as well.

stuart: professor, i'm terribly sorry, even for the london school of economics i am out of time. thanks very much for being with us, we coappreciate it. >> it's a pleasure, thank you. stuart: professor, see you later. all right, now we've got a team-up, a partnership between moderna and ibm. what's it all about? lauren: a.i., advancing the mrna technology behind the covid vaccine, for instance, with with quantum computing. so using super supercomputer toss better understand molecular behavior and make breakthrough advances on diseases from covid to cancer, to rare diseases. stuart: do you ever feel it's flying all over -- lauren: yes. listening to that past interview, i thought, oh, a.i. might help the mental health crisis because you'll have more free time. stuart: maybe. coming up, there's still time to be on this show today. don't forget, subpoenaing in your friday -- send in this if your friday feedback, newing you

like, varneyviewersfox.com. men bowman and donalds clashed over hunter biden revelations. it was a fiery debate. watch this. >> you have the president's brother, the president's son is, they are taking wire payments from people across globe. we've already documented a million dollars going to hunter biden -- >> [inaudible] running for president. >> in. stuart: it was great stuff and we'll bring you more of it. say with us. ♪ ♪ ♪ mama, i'm many love with a criminal ♪ starting a new chapter can be the most thrilling thing in the world.

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and offers high-quality municipal bonds from across the country. are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. stuart: all right, ladies and gentlemen, what you're looking at is a ford f-a 150 that had a fire, a bad fire. do we know what caused it? lauren: an ev battery. it was manufactured by a south korea company. so ford was charging this vehicle, it was on one of their holding lots before they delivered it to a customer, and something short circuited, and it just engulfed in flames. it got so, so, so bad, it took out two other truck ares parked next to it. so you see this black smoke in the air, and then the cars were completely charred in the end.

the first responders said we don't know how to deal with ev battery fires. you don't extinguish them the same way you would a regular car's fire. anyway, this was so bad that ford, they had to halt production of the f-150 lightning at that michigan plant for five weeks as a result. look what one battery fire did. one, two, three cars out. stuart: interesting story. let's bring in our own car guy, gary gastelu joins us this morning. ford using artificial intelligence on a lot of their models, how are they using it on the mach e, the mustang? >> it has the new system called blue cruise which is a highway driving system. you take your hands off the wheel, your feet off the pedals, and and it steers within a lane on a highway. a year ago it was a good system but not great. what they've done since is then is collect data from owners, video, radar data, that sort of thing, and it's been telling

ford every time it doesn't work, so it can then throw that into machine learning software and figure out why it didn't work. so it's getting house and house of these reports, and many a year, it's gotten twice as good. it can go twice as far between instances -- stuart: so it's the learning from its own experience, learning from the new input and getting better and better. >> exactly. and when drivers were using the system and a tractor trailer came by, they would move over a little bit in the lane, so now the system saw that, and it's the, like, we should put that in the system. so the system's to programmed to do that automatically when using the hands-free. stuart: i believe you've got some videotape which is very useful to a man like me. you've got a ford f-150 backing up very precisely using a.i. to a trailer hitch. i think we're going to see that now. believe me, that is very difficult to do unless you've got a.i. >> yeah. this is another system that they use with, they collected data to teach the system what trailers look like, what hitches look like, and they reprogrammed and updated, and they're constantly

doing this because there are thousands of different trail theres out there, and it really works. you just have to the push a button the, it stops where the hitch is, and it lines it up precisely. and, you know, trying to do the with someone's helping you is hard, trying to do it by yourself, impossible. trying today it -- laurenland i don't like it because i like to make fun of my father when he can't do it. [laughter] stuart: several thousand people watching this program right now who are saying i want it, i want it, i want it. lauren: i want it to parallel park. stuart: gary, great report. thank you very much, indeed, sir. lauren, you've got something on energy secretary granholm on the hill yesterday grilled by secretary -- no, senator manchin. lauren: yeah. she admitted that energy security is national security, and then she said she's worried that we're outsourcing that to china. watch. >> changing into a transportation mode, going to electric when we had very, very dependable on foreign supply chain on most of china. i said that doesn't make any

sense. >> you're totally right in that we want all of it manufactured in america, or as much of it as possible -- >> but the if they don't have to come, they're going to to take it somewhere where it's cheaper, got to be china coming through the back door. >> i don't think that's going to happen. they're lauren too many tax credit loopholes that are sending the ev supply chain out of the united states. that's the issue. stuart: thanks, lauren. still ahead, south carolina congresswoman nancy mace, former house speaker newt gingrich, brian kilmeade, miranda divine. the 10:00 hour is next. ♪ ♪ oh,st it's the passion. ♪ you can feel it in the air ♪

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♪ stuart: all right, let's get on with it, good morning. it is 10:00 eastern. straight to the money. market check. we are seeing reading but not much movement on friday morning.