This indictment is so off the walls, wearing uncharted territory with these types of charges, is absolute nonsense political persecution, this complete tierney in georgia today. The air has to come out of some of the tech names because they have been really stressed over the last six months those things are going anywhere. We go to yearend market is looking at the high evaluation against higher Interest Rates and the underlying economy is so strong and after this rocky. Things might get a little bit better. Stuart i love this song, here comes the sun from the beatles. I was shimmying before this came on. Stuart i hope we got on tape, 11 00 oclock on the east coast on this friday august the 18 18th, to the markets, the dow is turned around, at one point down over one or two points, now its up eight, same with the nasdaq down 150 now its down 74 a small lawson s p, big tech earlier they were all down, they are still all down but not as much, apple 173, microsoft was at 312, now it is at 314, amazon 132, plenty of red ink for big tech, the ten year treasury yield, earlier well above four and a present, now it is at fourpoint to 2 , little progress there, navy that is helping the nasdaq lets look at bitcoin, today last month it took a tumble 29000 per going all the way down to 26000 and change. The gentleman on the righthand side of the screen is about to appear, jonathan hoenig. I dont think if you been a big fan of bitcoin. Im not been a believer and i missed it on the way up and im smart to be avoiding it on the way down. To everything there is a season instantly not the season for bitcoin or risk assets at large, the reason is interestrate and interestrate in the last months are about 12 , bitcoin is down 12 given the fact that rates are higher and continuing to grow higher, why own pixie dust when youre making five and a half in the bank. Stuart i got it. Is the big tech boom over, had a nice rally, is it over because of rising Interest Rates . It puts an eye out. This was a place to be for the majority of this year, big tech stocks, the premise and the promise is intense it is legitimate, i dont think a be a place that you will make money like use all Technology Names in the first part of the 2000, the companys prosper names like cisco and oracle took five or ten years off. The big tech names is Wonderful Companies and i figure you want to look at not off radar name if you want to make money because growth is out as Interest Rates go higher. Stuart friday morning, jonathan hoenig, did you bring exotic investment with you today . If you want to bet against bitcoin, there is an etf to do that, be iti, we dont own it at puppercaseletter. Com but his top five or 10 in the last couple of days, i think crypto prices go lower and biti goes higher as bitcoin goes down. Always consult with a Financial Advisor but i think this is going to be the alternative that you will make money in the coming days. Jonathan hoenig, you have a great weekend. Now this, i bid in america from its 50 years is been very kind to become a part of the dream homeownership is having a place of your own, also very american, two out of three on the home in which they live, that is about the highest ownership rate anywhere. I hate to say about youngsters today are having a hard time getting into house. For a start home prices are close to whole alltime highs, the median in june, 41002 a dollars. That is not affordable for many people. As of now only 2,050,000 homes for sale that are considered affordable for households making 75 to 100,000 a year. Before the pandemic 650,000 such homes. With Mortgage Rates hitting a 20 year high just over 7 people are often willing to move away with a low mortgage rate, they are not that many homes from sale, there is no easy solution here, you cannot wave a magic wand to make Mortgage Rates come down like that. You cannot suddenly build a lot more houses the permitting promise can take years. Homeownership gives you a sense of pride, sense of achievement, you get a tax break and something to pass along, my heart goes out to young people, homeownership allowed me to live the American Dream and i hate to see it fade. Sean duffy with me this morning, im worried about the American Dream of homeownership, are you . I am, to your point it is a tough market folks dont want to sell the home 73. 5 interestrate and rates are higher, so homes are more extensive. But there could be some deferred gratification, save your money, put money in the nest egg, when this market turns, will be like this forever get yourself prepared so when prices come down rates come down as well, you are ready to buy into the making dream which is the home would exist today doesnt mean it will exist forever. Stuart you know what, spending consumption is built into the american psyche. Not saving not saving investment, it is consume and spend, that is true isnt it . It is, people get their paycheck and, they want to spend it all today, whether theyre going on trips or vacations or new stuff for their apartment, if you are smart and have a deferred gratification, in which is what her parents a princeton when they bought their first home, do the same thing and get yourself ready if you believe the making dream is homeownership and you want your own little slice of heaven, save for it, work for, sacrifice for it. I just cannot pop into your lap with a down mortgage with a really low interestrate that is fairyland and that lasted for little while but is not going to last. Stuart bidenomics is not helping. Voters feel bidenomics is making things worse. The white house keeps pushing all across the country, what is going on here . I dont get this when most americans look at your economic policies and they hate them, joe biden and his team would say we could lean into them were going to win electorally by leading into a set of policies that people hate. I think its a belief that the media is going to lean in and cover for us. It is fascinating i think a lot of voters dont like joe bidens policies but the media has done such a great job of demonizing republicans as much as they hate joe biden in as great as the economy was under trump they dont want to take the risk, republicans are crazy, i dont want to go with their policies. I think you have to get a lot worse for people to walk away from joe biden because those republicans may be prolifers and they want to lower my taxes and reduce regulation, they may not by two abiding agenda, i love that as a young liberal, again the hate of the economy a bidenomics does not make sense with the polling, joe biden beats the number one republican candidate joe biden in the fox pulling. Stuart you gotta listen to this, gen z and Beverly Hills were asked how much the average citizen earns, you gotta listen to the responses, watch this. , c think the average american makes a year. Maybe like 400k, 450. How much do you think the average man can make. A hundred. , c think the average american. 100. 2,050,000. Stuart are they so wrong because different Beverly Hills. I think they live in a different bubble where people make a lot of money and Beverly Hills, they are surrounded by friends and neighbors that make multiple millions of dollars a year so if youre poor and Beverly Hills are making two to 50 grand a year thats at the average person makes. Dont look for policy ideas from the people and Beverly Hills because they are complete the out of touch with the places that i come from middle america, wisconsin where people put their boots on and make 60, 65 grand a year end delighted. They make their budgets work and they save for homes up against 15 or 20 and with a by the home because her more responsible and they work their hearts off, they dont make 900, 700, 200,000 year payment i believe the household average income is 65000 year. You know what is coming at you now, bitcoin, you are waiting for this. It took a huge hit is down to 26000 a very small change. Are you still in . Yesterday during the bottom line with dagen from 6 7 00 p. M. And a commercial break i bought more bitcoin when it dropped. Elon musk through tesla and spacex sold most of the Bitcoin Holdings when that was reported bitcoin dropped, i am a tenure believer, if donald trump is convicted and sent to jail the stability that the world sees in the United States will collapse. That could have huge impacts on the dollar in peoples willingness to buy debt, i see economic consequent is on the horizon not because of the politics of donald trump but of the stability to view the world has it america should donald trump be sent to jail and this is third world country does not happen in america but to jail a former president is going on major consequent is globally, economically and bitcoin and golder in the right place when that is going to happen. Stuart thats an interesting analysis and original thinking, sean duffy, good stuff indeed. See you again real soon. We can watch on the bottom line tonight 6 00 p. M. Eastern on fox business. Actor james dean has been dead for nearly 68 years but he is reportedly about to star in a new movie thanks to a. I. We will tell you all about it. Thieves break into cars one after another broad daylight, that is a middle strategy called dipping and boosting it is become a huge problem in San Francisco. We will report on it, new push for Climate Change curriculum in kk12 schools, some states want climate influence phys ed, we will deal with that next. Every day, more dog people are deciding its time for a fresh approach to pet food. Developed with vets. Made from real meat and veggies. Portioned for your dog. And delivered right to your door. Its smarter, healthier pet food. The first time you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado. We just got an order from dinosaur, colorado. Start an easy to build, powerful website for free with a partner that always puts you first. Start for free at godaddy. Com wow, you get to watch all your favorite stuff. Its to die for. And its all right here. Streaming was never this easy, you know. This is the way. You really went all out didnt you . Um, its called commitment. Could you turn down the volume . Here, you can try. Get way more into what your into when you stream on the xfinity 10g network. B1 wonderful music, i hate to tell you this one third of fourth graders are proficient in reading, that is according to the nations report card, lydia hu is here, there has to be a link between the reading crisis in the pandemic. There seems to be suggested by reinforced by the National Standardized test with the score is getting lower as we are continuing to test, scores from last year as you said show only 33 of fourth graders are proficient or higher that is down from 35 in 2019 before the pandemic this is a decline in reading more states are considering students repeating third grade if they dont meet testing requirements. According to Education Commission of the state, 16 states and d. C. Require thirdgraders repeat the grade if they are not proficient at grade level in reading. Listen here. If you cant read by third grade, your life chances diminished dramatically. , you are four times more likely students who can read to go to prison dropping out of school is more likely in someone reading is the key. Arkansas is one state that is recently adopted this required retention policy. Some states like michigan are moving in the opposite direction, michigan is indeed a required retention of thirdgraders no matter what their grade on test scores are, that is happening after the next a disproportionate number of minority and economically disadvantaged students were receiving low test scores, mississippi is another interesting example and had a retention policy in place since 2013. It is considered a model of success recent studies found 85 thirdgraders pass reading assessments for the 20212022 school year, the wall street journal reports that dozens of states are College Officials in mississippi with questions about their success, may be a sign of the growing interest in how to address learning loss with the requirements of thirdgraders repeat the great if theyre not meeting requirements. Stuart lydia hu, thank you very much indeed, states like new jersey, california, connecticut, california and others are working to mandate and others Climate Change curriculum and every subject of k12 education. That would include phys ed, art, Foreign Languages for heaven sake. Nicholas geodon always with us. They want to mandate this, this is the law . It is legislated, youve got to do that, is it true. That is correct, we are talking every subject as you just stated if it was a science class it would be one thing but this is every subject, if you look at the link within the new standards particularly new jersey and they say Climate Change must be an approach from a Climate Justice perspective in each lesson. It must be, think about it this way students teaching social studies in physical education in Foreign Languages were not trained and Climate Change science but now they are forced to teach it. It shows its about indoctrination and activism, you brought up the proficiency for reading, history is at 13 . American civics 22 , math 23 , we have dropped in the worldwide rankings. Instead of pounding the alarm bells on the learning loss of coming out with a plan to tackle that, they are introducing a legislating the Climate Change be introduced into every lesson from kindergarten all the way to high school graduation. Stuart how do you introduce that to phys ed or a Foreign Language or art history. When it comes to physical education become with Climate Change four times in the standard Healthy Eating habits are only mentioned twice, obesity is not mentioned once. The subject social studies, this is where you see the activism, students must create advocacy policies related to Climate Change. Why advocacy, why not discuss the issues of Climate Change, it is designed to get students to look at government as a solution. My semester starts in a week, 90 of my students cannot differentiate between the United States constitution and russian constitution. 86 cant pass basic citizenship exam. Maybe we should prioritize that over teachers that dont have any experience of Climate Change pushing the agenda on the student body. Stuart you are a professor. Political science. At a college. Correct. You must teach this in this way. This is k12. When they get to my class to go to be focused k12 on Climate Change if they are not going to have any understanding of american government. That is kind of the point the government and the powers of government, you are willing to give unlimited. That is why we are sounding the alarm bells because thats academic education, going out the window. Its been replaced by the group think mentality where youre forced to think one way, only one narrative is right, if you give everyone a uniformity of ideas you achieve a political agenda. At the younger level, killer garden, first, second grade, the kids do what theyre told for the most part, the teacher is god what they say is true. I can tell you when its earth week in our school my kids come home in upper recycling too much water, im fine with what they absorb, everything that they are told. For starting on the small level there going to be listening all the way up and indoctrinated. Is an active indoctrination appeal to children, get them as young as you possibly can and they will stick with you all the way through. Are we creating an entire generation of climate activists. We are creating them in is being reinforced. We are already seeing pullovers the kids between the ages of 13 and 17, the majority of them have the fear of Climate Change. You have them angry and feeling guilty that they are responsible for it, when you look at polls 18 24 yearolds, 130 be considering having children in over 60 again are angry about Climate Change, we are ready see the real world impact before this goes live in more states, right now new jersey is the one that led the way, using california, connecticut and new york following suit but it really shows you what the future is like. Stuart that is frightening. Nicholas giordano and glad youre here to tell us about that. We appreciate that thank you will. Back to the markets, i see green for the dow industrials, now up 29, the nasdaq is still down a half a Percentage Points but the losses are nowhere near what they were like back at 10 00 oclock eastern, 90 minutes ago. Netflix, giving subscribers one last chance to rent dvds by mail before shutting down the service for good. Regardless of your subscription plan, customers can receive up to ten extra rentals to be delivered to their homes in the classic red envelopes. The final dvds will be mailed out september the 29th. Actor james dean who died in 1955 is reportedly going to be appearing in the new film using of course artificial intelligence. Ashley, please expand this to us. According to the cdc, james dean will come back in a new science of fiction called back to eden. It is all thanks to generative a. I. Of course opens the door and for other celebrities who are no longer with us to make a digital comeback. But the reaction to all of this is been mixed, critics say it could damage 70s legacy instead of preserving it in its Younger Generation that would even be interested in old hollywood legends, they like influencers. But supporters say it could add to a hollywood legends legacy. There are concerns also over consent, comp