Points, desantis still second but hes down 6. Third, 16, his up next. 44 went with biden, 41 with trump. That slim lead is within the margin for error. Georgia, the Fulton County da wants to put donald trump on trial on march 4th, 2024, that is the day before super tuesday when it doesnt states hold primaries. Trump goes into a guaranteed chaotic trial the day before what may be the deciding primaries for the president election. In my opinion thats a delivered intrusion of a politicized judiciary. Stocks took a hit after the Federal Reserve hinted at more rate hikes to come. The dallas morning up 45, s p up 16, nasdaq up 65 lose this is what has so many investors worried, slowly Rising Interest Rates, the yield on the 10 year is about 41 4 . The two year yielding 5 , it is for 94. I will quote bitcoin because there is some movement. It has dropped below 29,000. Gas, no change, 3. 87 is your average up 0. 31, look at diesel, up another one sent overnight, 4. 34 the average up a whopping 0. 50 from last month. On the show today, the childrens crusade in montana. 14 youngsters take the state to court and win. They say they were damaged by Climate Change in montanas energy policies. Among their complaints, wildfires affected their soccer and climate disruption her Nordic Skiing and we will follow the rise of ozempic to. He will take on any issue and has an energy level in sharp contrast with bidens say nothing basement strategy. Could he be trumps Vice President. Thursday august seventeenth, 6 days to the 17, 6 days to the fox debate. Varney and company is about to begin. Lifting ozempic in higher. Stuart the song is higher and higher and higher and higher, you are right, we are going to get to that. He is getting higher. Lets get to those fox polls, trump is way out front. All right, take us to ozempic team. Lauren he doubled his support, up to 11 from 5 in june. Is just behind ron desantis who has 16 support and donald trump, 52 . Among trump voters look at this. Up to 16s support is up from 0 in march, to 22 now while desantis is down 15 points. Eventually could he get a nickname from donald trump . I say yes. I say Vice President. Stuart good start. Lets bring in mike huckabee, former governor of the great state of arkansas. We know how you feel about trump but what do you think about ozempic tinas Vice President . I think hes a terrific choice which im really impressed with him. Hes the most articulate person from either party. Hes able to deal with any issue tossed at him and do it intelligently, thoughtfully and compassionately. Hes he is the whole package in so many ways and there are a lot of things we are yet to uncover and to know about ozempic teen but i like him. And he is running a brilliant campaign, hes not going after donald trump, he standing with trump on all these legal issues which i think is an incredibly smart player so hes not alienating the trump base. At the same time hes demonstrating a level of independence, stroke of genius in my view. Stuart lets get to the head to head, trump is leading among the republicans but he trails biden in this head to head matchup, trails by three points. Every bit of news since donald trump is indicted 91 times, we are not hearing anything about President Bidens influence peddling and the 20 million he has gotten from foreign governments and how much he is entangled. He lied about it when he said no idea anything about his son. Hes had dinners, i dont think they just talked about the weather. Right now the American Public hears negative stories about donald trump. They didnt hear any of those negative stories about President Biden. Im amazed it is as close as it is given that kind of unbalanced coverage. Stuart do you think trump will be tempted to get into the debate next week . I cant see him sitting on the sidelines. Surely he will be tempted to jump in. I dont know. Theres really no reason he would go because its not like he has to go and tell everybody who he is, Everybody Knows who he is. If he shows up on on the debate stage becomes the target and then youve got guys who are not polling well taking cheap shots at him all night long so i am not sure what advantage there is other than just to say that he went. He can stage his own rally that night and probably get more eyeballs tuned to him. Who knows. Stuart great to have you on the show, thanks for being here. Fulton County District attorney fanny willis wants trumps trial to begin on march 4th, the day before supertuesday. Lauren that is a request. Many legal experts on both sides say to have 19 defendants ready in just 6 months from now when three of the 19 have already asked to move their case from state to federal court, come on, including trumps chief of staff mark meadows so lets just say the date is march 4th, the very next day americans in 15 states including california and texas go to the polls to cast their vote for the republican nomination. The da and Fulton County says march 4th doesnt conflict with these other trials. March 26th, may 20th, the documents case, those are the suggested date for other trials. At march fourth 2 it, who cares when supertuesday is. It is conflict and with everything. Stuart deliberately the day before supertuesday. We better get to the markets. Fortunately adam johnson is sitting next to me covering the story for the entire hour. The fed suggests more rate hikes still to come. Thats a problem for investors. Has a growth investor, as rates go up you have to discount future earnings pushing stock prices down. That is why the nasdaq has gone from being up 38 on the year to 28 just in the past two weeks. This concern that rate hikes arent done and it weighs on all of us. Stuart theres always a correlation between Rising Interest Rates especially in the shortterm, higher than longterm. A correlation between that and recession. Are we pointing towards a recession . My own view is we are not but i will tell you there are a lot of people who think i am misguided in saying that because as you point out, the shortterm rate is higher than the longterm rate which is crazy. Imagine i need a loan and you say i will give you a loan for 10 but i will give you a loan through next year for 5 . It doesnt make sense but what that does is it tells you when rates are so much higher, there is stress in the system and people are stressed and concerned that there is still a recession. I dont think so because gdp is growing, unemployment is as strong as it has ever been. People have money, they are spending money. That is all very good, corporate earnings are better than feared. I dont think theres a recession and there are a number of fed officials who ratcheted back. Stuart the stock market is kind of stalled . Jay powell speaks in jackson hole. One year ago he gave the pain speech, higher rates will inflict pain on the stock market, pain on households, pain on businesses, where has that pain been . Why does he say that this time around . It is out there. This may sound funny to some of our viewers but theres this thing called the friend fund a futures market, theres an oil futures market, cattle futures market, fed fund futures too, if you look at the differences between yesterday and today, when minutes come out from the fed, they went from 0 chance of a rate hike in the fall to a 30 chance of a rate hike in the fall. I would also add that the chance of a rate decrease by First Quarter of next year is 75 . One more and then done or no more and we are done . Stuart as of this morning we dont have that much movement, slight upside move to the dow, s p and nasdaq and that is it. Having been down yesterday i will take it. Stuart dont know how we will close it. Stay with me for the hour. A senior biden official blames the wildfires in hawaii on Climate Change. Roll tape. To stop these disasters from getting worse we have to cut the Carbon Pollution spiking the Climate Crisis and thats what the Inflation Reduction Act is all about. Stuart that was john podesta. Didnt he have something to do with hillarys campaign in 2016, the steel bossier et cetera . We will take his word on Climate Crisis. Next case, touting the remarkable accomplishments of the Inflation Reduction Act, nancy pelosi had to ask for applause. We will show you what happened. 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. With a majority of my patience with sensitivity, i see irritated gums and weak enamel. Sensodyne sensitivity gum enamel relieves sensitivity, helps restore gum health, and rehardens enamel. Im a big advocate of recommending things that i know work. I dont want you to move. Im gonna miss you so much. You realize well have internet waiting for us at the new place, right . Oh, we know. We just like making a scene. Transferring your services has never been easier. Get connected on the day of your move with the xfinity app. Can i sleep over at your new place . Can katie sleep over tonight . Sure, honey this generation is so dramatic move with the xfinity 10g network. aidyl hi, im aidyl, and i lost 90 pounds on golo. I struggled with weight loss and weight gain my entire life. With all the yoyo dieting i did in the past, i would lose 20, 30, 50 pounds just to gain them over and over again. Thanks to golo, ive been able to steadily go down the sizes in my closet and keep the weight off. For the first time in forever, i feel in control. announcer change your life at golo. Com. Thats golo. Com. Stuart strong selloff yesterday. Modest gain in the ground today, nasdaq up 50 right before the opening bell. Top contenders for 2024, under multiple investigations, trump is facing four indictments and there are probes into President Biden and his son, they continue to Mark Meredith at the white house, no leaf blower today. How do voters feel about all these ongoing investigations . From wherever you want me to be voters are getting a chance to weigh in on the latest developers not only of the former president but first son hunter biden. There was a special counsel appointed to oversee the case, this could drag on for months if not years, we got a snapshot of what people think about the case, fox news asking people what they think about the charges and ongoing case against hunter biden, 50 believe hunter biden did do something illegal. s numbers are up sharply from earlier this year. Only 8 of people say nothing seriously wrong occurred. Until recently the details of the case against hunter were kept under wraps because the investigation was ongoing, hunter was going to plead guilty last month, failure to pay taxes but the deal fell apart after federal judge raised questions about the circumstances surrounding the plea deal, not surprisingly a polling shows political leanings have a big part of how people feel about this was only 90 of democrats feel something illegal happened compared to republicans who feel the first son should be prosecuted. Republicans outraged over attorney general merrick garlands decision to appoint david wise, us attorney overseeing the hunter case as special counsel is republicans say they have plenty of questions about not only hunter but any possible benefits President Biden may have received from his sons overseas business dealings. The American People need to know whether the president is crooked or not. Theres an election coming, he would want his name cleared if anybody would, i would think. Reporter the white house continues to brush off questions about the first son or any talk about impeachment inquiry being launched in the next couple weeks but until Congress Gets back from summer recess we wont no what the next steps to take in the leaf blower is not going so right on cue. Stuart absolutely perfect, well done, see you again soon. The Fulton County da wants trumps trial to start on march 4th, the day before supertuesday. Former acting attorney general Matthew Whitaker joins me now. I think this is deliberate, sticking trump with a trial right before very important primary day and you know it will be a i think it is delivered and political interference, thats my opinion, what say you . Great minds think alike. What is happening is not only supertuesday but it is going to decide the election. 15 states plus American Samoa have their primaries that day and the trial is scheduled to start the day before, preparing for that trial will take weeks and the trial will take if not months, several months. What is happening is this weaponization of the criminal Justice System against donald trump and other centerright and conservative people, candidates, probably the biggest challenge we face as a society, the number one question i get asked in iowa, how do we get it back . How do we restore truth, honesty to the Justice System, it will take a lot of work. Stuart in the next 18 months as we run up to the election and go through four trials, does trump have freespeech . Or has his speech been criminalized . You had one judge try to place a little bit of a restriction on his ability to speak freely, thats going to continue to twist and turn. As a political candidate especially candidate for president of the United States there should be an enhanced ability to speak on these matters and defend himself against accusations. I dont think just to be contrary and i dont think these trials are going to happen as soon as they are scheduled. The prosecutor controls when a case is brought and the defendant controls when the trial is going to happen. I will expect there will be a series of extensions that maybe pushes these at least beyond the primary season, maybe beyond the convention and possibly beyond the election of 2,024. Stuart that would change things. Thank you for being with us. Always appreciate it, thank you very much. Mike pence has broken his silence on the georgia indictment. Lauren he said trump is presumed innocent and the election was not stolen. I said i hoped the judgment about those days would be the left to the American People into history. First principles are these, no one is above the law. The president and all those implicated are entitled to the perception of business. The Georgia Election was not stolen, and i had no right to overturn the election on january 6th. Lauren hes leaning into his role on january 6th that upset many of the trump base that mike pence will need if you wants to enhance. Stuart why is a federal judge in choosing elon musk of cozying up to donald trump. Lauren this was related to jack smiths Election Fraud case. Prosecutors issued a search warrant back in february to twitter for trumps account. Twitter delayed, they eventually handed it over and the judge questioned why the delay and just yesterday the transcript of that hearing was released and the judge said this. Quote, twitter has had quite some time to comply with the warrant and have everything prepared to turn over so im a little bit concerned about where we are. Is it because the ceo, elon musk, wants to cozy up with the former president , and that is why you are here . There is a back and forth about issues like First Amendment rights, executive privilege. Eventually twitter complied but that was the comment from the judge. Of the when i have no idea whether elon musk cozies up to trump or supports trump or not. I think theres movement. Any ceo has multiple jobs to do, one of which is to be on the right side of government, and people in position of power. If he were trying to cozy up to trump i couldnt blame him but he should also be trying to cozy up to President Biden as well. We one biden keeps him out of the Auto Industry meetings on the grounds that does that is not unionized and doesnt support unions. Lets move on and check futures, thursday morning and i see some green but not a lot. We were down sharply yesterday. Very small rebound as of this morning. The opening bell is next. Stuart the market opens in a couple minutes and now ive got walmart at 159. 68 a share up a mere quarter of one . I thought the walmart report this morning was pretty strong. What does it tell us about consumers . Tells you about walmart. I consider them the top 3 greatest companies are created, the fact they can grow sales 5 plus when you do 600 billion in revenue is amazing. I think the consumer is okay but two things i watch that are worrying the heck out of me as Savings Rates have plunged and credit card usage is at a record high and Interest Rate on credit cards has spiked in the last year and i believe that is something that has to be watched. Stuart the market doesnt look as solid as it was maybe 2 or 3 or 4 weeks ago. What do you think . The fundamentals have deteriorated . Higher Interest Rates and higher oil prices, cost of capital and cost of energy, that will do the trick, combined with valuation still freezing at these levels and that is where you get a drop, and adam johnson said it best, when Interest Rates go up valuations come down to a certain extent and you are seeing it. I always ask myself little questions, why is citigroup at a new yearly closing low from one Silicon Valley bank debacle hit so im worried about the banks in here, something is up. We know commercial real estate is an issue it may be these Interest Rates continue to spike. It will hit them hard