♪ ♪. stuart: you knew the name of the song and the singers. that is a different view, that is the empire state building.

good morning, everyone 10:00 o'clock eastern were getting into the money on the left-hand side of your screen you will see the dow is down 60 and the nasdaq is down five points. the market taxes i was talking about, the leading fixed income electronic platform for institutional investors. there you have it, the ten year treasury moving up, we are at 420, that is the yield on the ten year treasury. the price of oil 82, $83 a barrel, gas keeps going up. bitcoin $29300. that is the market on the monday morning. now this. when it pandemic it schools in los angeles klemp down hard imposing some of the most extreme rules anyone in the country. it was an educational disaster. ththe kids did not learn. if you go back and look what happened, the teachers union and the school board authorities

turning the pandemic into political leverage. they wanted money to address income inequality. that had nothing to do with covid, remember trump was president and never let the covid crisis go to waste attack trump, banded the kids. now the authorities are desperate in enrollment is down sharply in one third of all students in the l.a. system are chronically absent. they've missed at least 10% of school days. if they can't get the kids back, the schools will lose out on a lot of money. the l.a. superintendent says if a child is mildly sick, has the sniffles, it's okay to go to school. there is a switch. where is the admission that the school shutdown or the vaccine and mask mandate did not work and hurt the kids. where is there any understanding of the mental and social damage the l.a. schools did to the

students. you could say the students are victims, not the victims of covid but the victims of a politicized school board and teachers union. the second hour of arnie just getting started. doctor marc siegel joins us. it was you that alerted me to the story in the first place. i find it ironic that the reversing the rule so did the damage in the first place because they want their money, have audit. >> that is the place to start a really great take to the tune of $300 million viewers need to know if they get over 95% of kids coming to school the state ponies of $300 million, they lose otherwise right now the below 90% how are they going to get there when they started a

pattern of kids being at home with remote learning. in 2020 and 2021 they were one of the last school districts to reopen we were howling about this on the show in 2021 they kept the schools close even after they have the vaccine because the teachers union said all the teachers are vaccinated what are we going to do. no focus on the kids whatsoever. one more point we were also screaming on the show about the socialization issues that they will be behind in math and english and worried they would not interact with each other if they wore masks all the time and not wearing them properly by the way and all of the superimposed mandates. it was not the issue of a mask or a vaccine ever it was the issue of a mandate and if you didn't do it my way you hit the highway that superimposed vision and dogma is the problem and here we are again because the superintendent is not the person

that should be saying whether someone should go to school with a call for not. it's me parents asked the doctors like they always do. stuart: would you stay with us i have something else. i want to turn out to the market. there is a little bit of red ink on the left-hand side, the dow was up 70 and the nasdaq alternating between a loss. you see inflation coming down, the economy is still expanding and you think the federal reserve is going to cut interest rates next year to you jeffrey is seems to be your setting up a rally in the market. >> the stock market disagreed with the bears all year long, the proof is in the pudding but look at the economic numbers, gdp is being revised, inflation is coming down historically the fed lowered rates after the last

interest rate hikes. yes were predicting a second-quarter fed decrease especially since the election year, compounding, seasonally adjusted slowdown in stocks we are going to have dips, the last three years at 10% decline in to buy those dips before the fed decreases rates. stuart: if we do get a 10% pullback, are you convinced the dip buyers will ration? >> i'm convinced because everybody is staging for what the fed is going to do next and the market price that in. 80% of the s&p 500 be earnings and 40% have raised guidance. when the fed lowers rates, the economy will expand and earnings will come back stronger and will have a positive year and it's

time to get set up, you definitely want to buy the dips don't chase me for volatility to go up i believe you like amazon, meta and apple, dips you would buy? i sadly would buy amazon and apple in if we have the volatility in there at the current resistance previous not a bad idea to buy now but if you want to get a better price it will happen shortly. stuart: it's difficult to pick the bottom, very hard. >> it's impossible to be tactical. >> if you're expecting a rebound get in nicely, thank you for joining us. we are looking at the movers, we had nvidia downward now it is a

mover up. lauren: morgan stanley named nvidia a top pick heading into the earnings return next wednesday the 23rd, they reiterated the 500 other price target meaning the stock was up 22% from here. but the stock is down 50% from the july high. it boomed so much, somewhat of a softening in a.i. >> i would expect to see hawaiian electric utility it's down nearly 40%. they're facing class action lawsuits that they're down power lines contributed to the fires in lahaina which killed at least 96 people in the property damage right now is being valued at five and a half billion dollars. stuart: nikola. lauren: the bad news keeps on coming, the recalling all of their electric trucks that they have delivered, 209 of the electric trucks coming outside

investigation, there was a fire and it was put out and it reignited, what happened to cool it leaked inside of the battery pack there a fruiting remedy but the bad news keeps on coming. stuart: of lotta bad news keeps coming for the ev makers are heading south. a new study discovered micro plastics inside heart tissue. were to bring doctor marc siegel back again. micro plastics and heart tissue just been found. tell me the significance of what it means. >> we don't know the long-term effects of this. but it's disturbing we see more and more environmental chemicals and plastics getting into body tissues. it hasn't been shown to decrease cardiac function but were worried that chemicals like this will cause inflammation of the body, that is the key. if you get inflammation you can

lead to decreased heart function and increase your risk of cancer. this is small amounts now it's up to the epa to figure out what level we need to be concerned about, were not there and i'm not concerned for the viewers to say my heart is going to stop because of plastic, we are not there. stuart: are these forever chemicals that we keep. about or is this something complete the different. >> this is forever chemicals a group of the forever chemicals that we keep. about. byproducts of industry and plastic manufacturing they have been shown to be related to fertility issues this is the first time were discovering them in the heart but that means very trace amounts. >> it would be very difficult to remove trace amounts of the drinking water for our environment it is hard to do that. >> is a most impossible to do that we don't have the filtration to do that.

we are monitoring the water i worry about iron and led in large amounts of chemicals in the water to cause this this is a study i don't want to say it's a fear mongering it's worth tracking but is not of any clinical significance right now that's how we have to look at it, were not to remove the chemicals from the environment of the water. thank you very much we will see you again soon. more signs of an economic slowdown in china a major development on the brink of default the chinese banks issue the lowest number of loans tends to thousand nine. the full story coming up. a brewing battle after federal funds should be sent now he or ukraine. senator marco rubio says the president is holding americans hostage by time domestic disaster relief to foreign military aid. rich edson following up on that story. house republicans with biden

6 million-dollar bill to free americans in iran. was it a bad deal, kt mcfarland on the prison swap next.

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stuart: on the market a little green the nasdaq up wordy not that much price today. new warning signs that china's economy continues to suffer. lauren: last week president biden called academy a ticking time bomb and now we see trouble in china's financial markets after two companies said they did not receive payment from a big wealth manager that had

bought stakes in major real estate projects, that is number one. number two the largest property developer country garden halted bond trading could they be on the brink of default, number three chinese banks are extending the fewest number of loans since 2009, china's economy is suffering as consumers lose confidence they pullback, banks pullback and that's raising the question in china's downturned leads to the u.s. think of the commodities that china consumes and we export to them it works both ways. >> the house foreign affairs mike mccaul ripped the administration prisoner swap with iran. >> the idea that the ayatollahs could have any control over the money. we talked about $6 billion, 6 billion. i want to get these americans home more than anybody but we

have to going eyes wide open $6 billion that's good to go into iran and prop up the proxy were tear operations in the nuclear bomb aspirations. stuart: kt mcfarland is with us this morning. i believe you have experience with prisoners prompts untruths swaps.do you approve of the dea. >> there's a reason the united states has a policy don't pay ransom for hostages because it comes back to bite you. i was in the reagan administration that was one of the things that i ran counterfeit they raked him over the coals that the thought they might've been paying a ransom for american hostages. it's really bad for three reasons we particularly it is a high price, what is the going rate in american hostage one point to billion dollars. go get a few more, give an economic problem get a few more

hostages. the other thing is is to all the countries that may have american hostages like russia as a wall street journal reporter on trumped up charges of spying. this is america is going to pay big to get his people back maybe we should increase the price that we pay. what are the things of the united states might do with regard to the russian hostage, there will be something going on with ukraine and finally what is the money going for. it's not going for humanitarian reasons despite what the administration says. iranians have said right now they're going to use them for whatever they want like building of the nuclear program, making weapons that will use against the ukrainians in the ukraine were and most importantly to harass and mayhem to israel in the region. stuart: is a president pushing for a nuclear deal and i ran in is a prisoner swap part of the

deal. >> this is interesting what are the things that is come out on a terminable that maybe this is the administration's brilliant diplomatic move because they want to improve relations with iran and get a new nuclear deal with iran but this time it will be something where they reveal the details. it would be not with congress and not the u.s. but a private deal on iran's nuclear program. doing private deals with iran that the making people can't see is not a good deal for the american people. stuart: the vice president of taiwan visited the u.s. on saturday. china condemned the visit calling william a separatist a troublemaker. are we being provocative by having the taiwan vp here? >> anything that hasn't been done in the past is provocative. also you have to look at what the chinese have done in

military exercises over taiwan they haven't done that in the past there making a lot of motion that they would be able to go to war over taiwan in a war with the united states. meanwhile the united states mistaken support and encouragement of the ukrainian were in the pursuit of the war don't settle don't fight, the center of the administration acknowledges internally that ukraine is a ghetto when this period were making big mistakes of the problem for the u.s. whether it's iran or ukraine. were taken our eye off the ball and the real problem is china that's a strategic trip to the united states and our continued peace and prosperity previous daca come from all these countries, it's good to come from china. stuart: kt mcfarland figure for being here. we will see you again soon. the republicans going after the

president over the money sent to ukraine compared to the money for disaster victims like maui, rich edson has the story. >> good morning, the white house wants both its tied them together part of a 40 billion-dollar funding request sent to congress, fema has been warning for weeks it's running out of money his body to disasters across the country for the u.s. government data showed there have been 15 confirmed weather disasters with losses exceeding $1 billion each. officials say hawaii is going to need more federal help. >> rural america faces a crisis of also been able to get the first responders and support as fast as they need to to respond to the situations. what to make sure fema has a tools and resources to execute support in hawaii. >> then russia's attack on ukraine in the effort to supply the ukrainian military. biden administration has asked

congress to pass more than $20 billion to support ukraine as $12 billion for federal disaster relief at home. the two issues deserve two separate votes all. it's pretty clever on the body to administration from a political standpoint to lump and badly needed disaster aid with ukraine. let's keep that away from disaster aid needed by our communities now. >> congress returns from the summer break next month, leaders will negotiate over the white house request and congress has to figure out a broader spending deal funding for much of the government runs at september 30. stuart: rich edson, thank you very much indeed. i'll call it a disaster, tragedy in maui. what is the governor of hawaii saying. lauren: governor greene called the event fire hurricanes and he sent a warning to the entire planet about this.

>> everything is burnt to the ground in lahaina. it is completely destroyed, it is a war zone that so they could look in the era of global warwarming which is real everywhere. >> he cited the dry conditions in the water management issues in the hurricane. critics say green used global warming as a scapegoat. i also wanted to update you on a story of the power company, hawaiian electric did not shut down the lines in lahaina so the fully energized poles fell in the fire spread, the utility is being sued for ignoring weather warnings and not prioritizing it shutdown plan. there were warnings that was set but communication was down so nobody got the warning so not enough reset. stuart: the situation with california and they took the hit

because of that. thank you. now this. attorney general garland tax david weiss to lead the investigation into hunter biden. senator cruz calls the appointment wildly inappropriate since weiss is the subject of two whistleblower complaints. david spunt brings a full story next. ♪ you can't buy great conversations or moments that matter, but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence.

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stuart: to go nowhere market, nasdaq and s&p up a little, the downtown a little. we got eli lilly moving, this time up a little is this another story about weight loss. >> the completed expanding their drug pipeline to diabetes and weight loss drugs, the anti-obesity is popular and booming, lily shares at a new high. stuart: paypal. lauren: alex christy comes from intuit, the tax people how will paypal push deeper into taxes.

the going into crypto currency they launched the stable coin last week. stuart: the stock is up again today. talk to. lauren: a double to buy and took it to 91. they say shares can outperform in the next are driven by recurring revenue coming from subscriptions. stuart: is a workplace to some degree. thank you. attorney general merrick garland appointed david weiss as special counsel in the hunter biden investigation. david spunt at the justice department. does this mean weiss will have to testify before congress. >> that's a great question. we don't know the answer that's what republicans the delegates want to know. we can safely does testify it will be delayed because of the special counsel appointment. last night hunter biden's attorneys in the late sunday filing filed a motion with the judge in delaware to say if the government says the plea deal on

the tax regulation is off so be it. while counsel for the defendant are still prepared to respond to the questions at the july 26 hearing in the united states decision to renege on the plea agreement we agree those issues are new at this point. hunter steams as a diversion program and that gun charge is valid and agreed upon by both parties, david weiss begins the first full week of special counsel this morning this is the same david weiss who sat on a courtroom with hunter biden three weeks ago and prepared to enter into a plea deal. even with news that david weiss has a new title hunter's attorneys does not expect new charges. >> everything else had been thoroughly looked at. is that possible though revisit. if the special counsel decides not to go by the deal it will mean that he or they decided something other than the facts and law are coming into play.

>> weisel have an expanded staff to independently operate a special counsel. david weiss was supposed to testify in late september or early october about the field plea agreement. >> david weiss has to be held accountable for what he's going to do now that he's a special prosecutor but he also has to be held accountable for what he's already failed to do starting in 2018. the federal judge in delaware told david weiss' team to respond tomorrow by noon. while the better idea by noon where he plans to go to see him testify if we may find out more at that point. stuart: keep track of it because it's getting awfully hard to follow. thank you very much, republican congressman greg steube introduced articles of impeachment and he joined our program earlier. watch this. >> democrat said there's no evidence he was involved. there was evidence joe was

involved with witness testimony and financial records and irs whistleblowers, subpoenaing financial information from the financial institutions of where the money went with the llcs. stuart: the articles of impeachment have been filed in charlie hurt joints is now. is this going to plug along month after month, week after week, the public its investigation fatigue, nobody can remember who said what to who and why. >> is very complicated but i think one of the reasons it's so complicated, not because of the connection, the connections are complex necessarily. there is so much overwhelming evidence of corruption. you begin to lose focus on all of it. the big difference between what republicans are dealing with joe

biden right now and what we've seen in recent years with impeachment. bribery is in the statute and the impeachment statute whereas phone calls are not. the bribery is so they have overwhelming evidence. i think this is smart. he gives you some ability to do better investigation and uncover more things and uncovering things is very important. however, as we get closer to an election we're going to be a year away and a couple of months. the best impeachment mechanism is an election if you ask me. that said i think the more information the better i personally would've filed articles of impeachment against joe biden two years ago for opening up the border and handing it to human smugglers and the drug cartels. but i do think the more information that comes out ahead of an election is democracy and

that's what we want. stuart: i want to bring lauren back in i want to know what nbc's chuck todd he had something to say about the investigation of hunter. lauren: he says it's a big deal and raises questions about the electability of president joe biden. >> president biden's handling of the case has raised questions at a time when voters already have doubts that his age and political standing, biden brought his son to state dinner two days after the plea deal that was announced. he has repeatedly defended him, denying wrongdoing altogether in even the hunter biden has pled guilty. >> there are three special counsel investigations for 2024. yet hunter and david weiss, president joe biden with classified documents and trump and jack smith and now hunter

isn't it too. >> i would bring charlie hurt back in again and what i saw from chuck todd and earlier from cbs interviewed the whistleblowers. i think the media is beginning to pay attention to this, what do you say. >> i think over the last month or so with irs whistleblowers testimony you started to see the media, they could not deny it any longer and ignore it. it's become so obvious and heinous that they could not pretend it wasn't happening. it is starting to break through. i think the reason that the white house agreed to the special counsel is because the story is breaking through despite the media's effort democrat effort to ignore it but it's uncontainable and as a sediment undergo, the evidence is so overwhelming and damning, you can't ignore it although i

do think the special counsel as part of a whitewash and as we've learned from watergate, the cover-up is always the thing to get you in the most trouble. i think it's going to get them in trouble here although the underlying crimes are horrifying. stuart: what is story. thank you for helping us get through it. you bring clarity which we really like. now this. a change of pace. california just gave the green light for driverless taxes in san francisco. the critics warn the new service will disrupt traffic and cause crashes. gerri willis will break it down for us. a man forced to ditch his electric pickup truck after experiencing a chaotic road trip to chicago. he said ev said the biggest scam of modern times. the gentleman joined the.

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stuart: my next guest was forced to ditch $115,000 ford ev truck while on a road trip with his family. he says electric vehicles are the biggest scam of modern times. first of all what is your basic problem, the system for charging on the highway is that what went wrong? >> yes thank you for having me was the biggest challenge. stuart: what happened. >> when i get in the first stop

the charging would be cheaper than gas and it was way more expensive than the gas and they were advertised. it'll be charged with in hours. it took over two hours to charge the truck. stuart: did you have to ditch the truck? >> we had to show it to the dealership when we got into minnesota. that was our second stop where we found 240 charges and not able to charge it we were 13 or 14 hours into the prep and we don't want anymore frustration with it.

>> where's your ev now. >> i got a back. stuart: are you satisfied or happy? >> nothing close to satisfied. i bought this new idea about clean energy and they took them out and everything. 300 kilometers of commute every day and every week and next week you go to a friends cabin. i was spending that much money.

let's try something new. guess what. any needs of what the pickup beds are made for. stuart: i've gotta leave it there but i'll leave it with you being unhappy with your 115,000-dollar ev. thank you for being with us. >> thank you for having me. stuart: the residence in san francisco could ride and a rowboat taxi anytime they want. gerri willis has been looking at this. any problems of the rollout by any chance. >> within 24 hours of the federal local government approval, there was a huge traffic jam and all of the ev's they could not get internet service because there was a music festival 4 miles away and all of north beach was tied up with the traffic jam. it's pretty amazing. let me tell you more about this, it is fascinating coming on the

heels of friday's decision to allow residents to hail a rowboat taxi around-the-clock. it's been seen as a testing ground for the rest of the country, not everybody is ready to go driverless. >> i would not feel safe. it's unpredictable you never know what can happen. >> i would because of the experience. >> i would trust the technology, i don't think i would be that nervous. >> i don't trust the driver i trust myself. >> despite the misgivings the ceo calling the service essential for san franciscans saying today's permit marks the true beginning of a commercial operation in san francisco. were incredibly grateful for the vote of confidence from the california public utilities commission who approved this. they have a waitlist of 100,000 potential customers. some people have reservations. the company is doing and being

allowed to operate 24/7, previously the company was allowed to operate from 10:00 p.m. to 6:00 a.m. and limited parts of the city in the six hour hearing about the matter and some residents complain the av block frozen caused traffic jams and emergency personnel say they blocked emergency vehicles. i gotta tell you last january firefighters had to smash into the front window because they ran over the water lines and were blocking them. emergency personnel so sis wasn't really working for us. >> they relying on the learning ability, a.i. to come to full for wishing but that makes me a little nervous i have to tell you. stuart: i think san francisco has been very generation in a town where charlie got a lot of problems pretty great report, thank you. now this presidential candidate vivek ramaswamy says the aide

were sending to ukraine is a repayment for bidens bribery schemes. senator marsha blackburn takes that on next ♪ ♪ mutual, mom. they customize your car insurance so you only pay for what you need. you could save $700 dollars just by switching. ooooh, let me put a reminder on my phone. on the top of the pile! oh. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ hi, i'm ben, and i've lost 60 pounds on golo. i currently suffer from nerve damage which kept me bedridden for six months. i was very overweight and depressed.

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p1 vivek ramaswamy says the ukraine word is repayment for bidens bribery schemes roll tape. >> i'm on record going in favor of an impeachment inquiry on biden. i believe the ukraine war is indeed a repayment for a bribe made sending twitter but under billion dollars of taxpayer money. stuart: a repayment for the bribe made, senator marsha blackburn a republican from tennessee has been enticed to new york city and is on the set right now. this is strong stuff repayment for a bribe made. >> it is strong stuff but we know that biden went after the prosecutor and got him fired and we got information on hunters

structuring the deal on the board of reason in devon archer's testimony that burisma would not have survived without the intervention of the bidens. this is why you look more holistically at what is around the bidens in the biden incorporated. i think it is appropriate that the house is now saying they are going to move forward with an impeachment proceeding so they can subpoena information. stuart: do you think were sending a great deal of money to ukraine to support their war effort? because of the pressure on hunter and biden about their previous dealings. are we sending not because they have something on us. >> i think we have to make certain ukraine has what they need to defend themselves in what has gone over there there has to be transparency around

that. some of us said let's get transparency and look what's gone in this inventory and find out what we spent money on and for, greg steube. will that help find out what money went to ukraine and what didn't. can you open it up using the impeachment process. >> the impeachment process for the house from what i understand they are moving forward in that regard because it does give them subpoena power. >> that will open things up. >> supposedly they feel it will open things up. stuart: do you think we have a problem of the bribery and that's why were sending the money to ukraine, we have a

problem with the lack of trust in the way the bidens have conducted themselves in the allegations that are there with hunter and with bidens of the family members seen the shell companies in the accounts of somebody of the bidens, i think the number is nine that have received money whether it's ukraine or the mayor of moscow's wife or china in the business deals. people want transparency in tennessee i talked to democrats, republicans, independence and they all say if the bidens have nothing to hide they should come forward and they should clear the air because what appears to happen is something that causes them serious concerns and we need it to ruth. stuart: i waited for the democrats to say how come he got $20 million. >> there are democrats that are out there saying how could of

this happen and gone on for this long and they want answers in transparency just like all americans deserve. senator marsha blackburn thank you for being in the studio today. still ahead on the program, moments from now steve forbes on how student loan repayment could affect our economy, they start up in october, retired general jack keane on iran prisoner swap deal. joe concha on how the main street media can restore credibility. president biden on the beach over the weekend pre-he said nothing about hunter or mao's destruction pretty seems that the president is out of touch. that is my take. it is next. ♪

ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. jot stock markets disagreed with the bears all yearlong when the fed lowers rates, the economy will expand and earnings will come bock strang so we'll have a very positive year next year and it's time to get set up for that now. >> let's not sugar coat this. china is a communist country, they have an evil dictator running that country, and until they change