Waiting for. He pointed the way for tesla to speed up the production of lower priced cars. That, he thinks, will bring in far more ev buyers. Hes also all in on robotaxis. Investors seemed to like the idea of kind of transforming the company. The stock is up 11 . That is huge. Overall, stocks adding to some of the gains there from tuesday. The dow, though, down 65, s p up 3. The nasdaq doing well thanks to tesla, thats up 86 points. Interest rates pretty much in check. The 10year treasury is just above, well, no, its moving higher now, 4. 65 . Maybe that thats why some stocks are coming down just a little from their highs. The 2year, it was well below 5 , it still is, 4. 95 there. Little movement on bitcoin. What happened to the halving event . Bitcoins been stuck around 66,000 for days. No are recovery for gold. It had hit well above 2400 last week with, now its 2335 and and now down 6. Oil 83. 20 right now. Gas, no change. 3. 66 for regular, and and diesel is down 1 cent, 4. 02. Politics. Hamas if exerting its influence on College Campuses and americas politics. The tenting at columbia has grown. The authorities have given another 48 hours to negotiate a clearout. It is hamas that is organizing these protests across the country. In wisconsin 8 of democrats primary voters went for the uninstructed ballot. That is a hit on biden for his israel policy. In pennsylvania, summer lee, a squad member, won her race. That is a reflection of antibiden feeling. She used the word genocide in the or her victory tweet. And demonstrators showed up at senator Chuck Schumers highs in brooklyn last night house in brooklyn last night. Republicans are standing up against the antisemi. Tick tide. Speaker johnson will speak to jewish students at a columbia this morning. On the show today, Congress Says tiktok, it tells them, youve got one year to sell to a nonchinese owner or youre banned. Now comes the hard part, getting it done. The chinese dont want to sell. There will be long court battles, and its 170 million more than users dont all want to go elsewhere. A lot of hem vote. Wednesday, april 23rd, 2024, Varney Company is about to begin. Stuart all right, everyone. The antiisrael protests continue at Columbia University many new york city. Two deadlines for clearing out the tent encampments, midnight and 8 a. M. This morning, theyve come and gone. The latest, please. Basically, we just have to clear these people out. Youre having a lot of protests that are here underway, and like you said, theres going to be a lot of sort of antisemitic tide that are coming in. People want to see what these universities can do, can they clear them out. You had a lot of arrests at nyu and columbia in the last few days trying to see if nypd is can clear these people out. Again, stu whats so interesting is columbia and nyu would be the largest property taxpayers in the city, the largest property tax owners, but they are exempt. Does money change the tide . Does federal funding change the tide with all of this . Thatll be interesting to see when the pressure if really starts to hit home at these universities. Stuart that that assumes that the federal government wants to turn the tide bingo. Stuart im not necessarily going to assume that. Brian brenberg, your coanchor, is with us this morning. By opinion is this our society and politics are being taken over by hamas, taken over by ugly antisemitism. What do you say . I think thats exactly right, and one reason you know that is because the deadlines that these colleges set for these guys to clear out come and they go. And they come and they go. Heres whats happening. Free speech is important on campus, but you have got to have a very clear boundary e around it. And when these guys go over that boundary, theyre gone. That hasnt happened at column columbia columbia. That hasnt happened at yale. That hasnt happened at nyu. Thats why it continues to go on here. The protesters have the initiative. They dont have right on their side, but they have force on their side. This isnt speech, its intimidation. Stuart the president of columbia has given, what, 48 hours to negotiate them getting out. They say theyre going to stay. Heres the problem, the word negotiation. You dont negotiate on in this. Thats why you have a policy. You put a policy in place so that when you get to the policy boundary, something happens. Its not a negotiation, its a move. Youre either inbounds or youre out. These guys are out of bounds. And taylors exactly right. One of the reasons they can do it is because theyve got the backing of the federal government. Theyve got the backing of the state government. Theyve got all this money coming to these students, subsidizing their ability to camp on campus. If theyre camping on campus, theyve crossed a line. They should be gone. Stuart i think, like me, youre fired up can be i am a, indeed. I used to be a professor. You deal with it the right way, or you get this. Stuart elite colleges have been basically shut down by antisemitics, and and thats a terrible damn thing. Theyve been taken over by it. Its new york, thats right. Okay, stuart. Youre as fired up as i am. We better stop because we could get, you know stuart my heads exploding. Calm down, stu. Movingen on. Tesla, theres something good. The stock is surging despite if reporting the largest revenue decline since 2012. Now, i think this rally in tesla, its all about what mix is saying about the future for the company musk. By go. All the bad news was priced in. The stock had been down 43 from its latest high in just the last few months, so youre really coming into this print with a lot of low expectations. The bad news behind this last quarter, its all a bad. Lets look forward. What does the future say . It is the robotaxis, its more pulley e selfdriving autonomous if vehicles, its a new, cheaper model around 25,000 stuart the cheaper model. Bring in the mass fires, lets spur demand. Lets hope the margins stay intact. Thats one thing analysts will be looking for. Overall, i think investors were really relieved musk showed up, he was the adult in the room on that phone call last night. Stuart some of of the tax breakses congresswoman back. Theyve come back. Is he going to produce cheaper model cars . He wants a mass market for evs, he might just get it. Thats why the stocks up 12 . Investors are backing his vision of the future. And you can do a mass model and not worry about margins if its highly sold and produced, right . So what you lack this in margins, you can make up in volume. Thats what elon is doing can, and well see fit works. Stuart all hes got to do is sell the cars. Thanks, taylor. Check those markets, please. 20 odd minutes to go before we open up fully. Dows down 50, nasdaq up about 100. The stocks have pared some of their gains this morning. Edg Eddie Ghabour is with us. Are we many a bear market . Stuart, i dont think we are in the start of another bear market. I do think that potentially happens towards the end of this year going into next year when we get a big reacceleration of inflation. But i dont like the setup here near term. This is a bounce after a really ugly week last week, and i need to see how we get through these next 710 days. We have inflation data, we have a slew of earnings this week, and then we have the fed next week. So, again, all eyes on Interest Rates and the dollar. I think we could still see some volatility to the down side here in the near term. Stuart but the one area that that youre buying into, i believe, is energy as in oil stocks and what other Energy Stocks are you investing in . Yeah. So, stuart, energys the area that i think it takes the guessing out of what the feds going to do. If the fed cuts rates, thats going to cause asset rates to go up. Energy does well there. If the fed doesnt cut rate as, its because weve seen an acceleration in inflation, and energy does well there. Big cap oil is the only dip we bought last week after selling the highs on monday, and we ought, added to our xle position for clients. And id rather be in the Large Cap Energy plays right now. Theyre going to make a really strong the revenue number, cash flow and, again, it will do well in this type of regime that were in right now. Inflation or deflationary situation that were n. Stuart what happens if any beg with it can company, and i mean the really Big Tech Companies reporting this week and next, if any one of them disappoints, what happens to the cover all market . Itll be a broadbased selloff. Youll see some things similar to what we saw last week. Look, metas a big one today. We know theyre reporting after the bell. Theyve been one of the strong ones. If they disappoint, look, you could see the nasdaq go into negative ifer the territory in the near term. We were also there last week. Id be very cautious here. Again, we with raised cash on monday and low areas because it was a good start to the year, and we havent bought back in tech yet. Patience is difficult, but sometimes thats the most prudent if thing to do when youre risk managing, and youre going to have to be in and out in this crazy market right now. Stuart patience is a very chew. I dont have much of it. Virtue. Eddie ghabour, thanks for joining us. See you again soon. Now this, jamie dimon is worried we could repeat the economic problems of the 1970s. Oh, i hope not. I was there and it was awful. Hes talking about stagflation, i think, isnt he . He is. Lets remind if ousts what stagflation is, right . If slowing growth, high inflation. He was speaking yesterday, and he did still say right now the economy is still booming. Hes actually pretty impressed with it, but he thinks we could have to push rates up to 2 anywhere up to 8 . If those higher rates start to slow and cool the economy but inflation is sticky and does not come down, that thats that classic stagflation scenario with, something hes worried about. Its on the list of a lot of problems that hes worried about as well stuart he doesnt necessarily expect this to happen, but its the one of the concerns that hes got top of mind, so to speak. Exactly. If you start to see growth starting to slow, it could be something we could deal with. He says the risk is greater now than it has been in the last 20 years. I lived through the 1970s in america, it was awful. Thanks, taylor. Check futures, please. About 19 minutes to go to open the market. A mixed picture. Dows down, nasdaq up. Speaker johnson is meeting with jewish students at Columbia University in new york city today. Why isnt President Biden going . Why isnt Chuck Schumer going . Good questions, well try and answer a em. New York City Police blame outside agitators for fueling antiisrael protests at columbia and nyu. Ill can ask a student at George Washington law school if thats what shes been seeing, and thats next. If with dexcom g7, the most accurate cgm, you can achieve diabetes results without fingersticks. See how exercise affects your glucose, making it easier to spend time in range and lower your a1c. Your record label is taking off. But so is your sound engineer. You need to hire. I need indeed. Indeed you do. Indeed instant match instantly delivers quality candidates matching your job description. Visit indeed. Com hire before planning the wedding your bad hip was really acting up. Then, you heard about mako roboticassisted hip replacement. It starts with a ct scan to pinpoint the problem. That becomes a personalized, 3d plan to guide your doctor during surgery. Mako can help lead to better outcomes, like less pain and shorter recovery times. The lifetime of a hip implant is limited, and revision surgery may be required. Individual results and recovery times vary. Risks of surgery include pain, infection, heart attack, stroke, death, and other serious risks. Ask your doctor for important safety information. To find a doctor who uses mako visit makocan. Com stuart 15 minutes to go til the opening of the markets. Nasdaq up about 80, dow down 60. Columbia, as in Columbia University, says it is, quote, making progress with protest representatives. C. B. Cot cotton is there. Two the deadlines to remove the tents came and went. What progress are they talking about this . Reporter hi, stu. Well, this is a perplexing situation to say the least. Protesters say during those ongoing negotiations at one point the university threatened to bring in the National Guard to sweep the encampment. Columbia university appears to be backing down for now and says it will continue negotiating with these students for at least two more days. Now the students have agreed to a series of concessions to include prohibiting discriminatory or harassing language. Aerial footage from this morning shows many tents still remain there, and jewish students say this is where hateful rhetoric is happening. We hear slogans like from the river to the sea, palestine will be free, theres a lot of questions about, well,ing where does israel fit in there . Or calling people nazis or saying go back to poland, its genocidal rhetoric, and its very aggressive. There is a lot more fear on campus within the last week, certainly. Reporter many are questioning who is funding this movement thats a spreading across the country. Similar tents can be seen on campuses across the country, and the nypd and new york city mayor eric adams say professional agitators are bringing in weapons to ignite confrontations with police. Droves of nyu students walked off campus yesterday condemning the arrest of more than 10 100 people 100 people the night before during a protest where officers say bottles were violently thrown from the crowd. Republicans want visas are revoked for International Students participating in these protests. Any foreign student in the United States today that is advocating the destruction of the state of israel, that is advocating violence against the jewish people should not only be suspended from the school theyre attending in this country, their student the visa ought to be revoked, and they ought to be, e pelled. Reporter and House Speaker mike if johnson is set to meet with columbias jewish students this afternoon. Stu, back to you. Stuart c. B. , thanks very much, indeed. Now, the white house continues to kind of dodge questions on the antiisrael protests. Watch this. You all remember that he made the decision to run because of the antisemitic that was chanted in charlottesville, and that is something he will continue to do. Hes, of course, aware of the protests. We know that this is a painful moment for many communities. We respect that that, and we support every americans right to peacefully protest. Finish but as i said, when we witness calls for violence, physical if intimidation, hateful antisemitic rhetoric, those are unacceptable. If. Stuart a lot of that was blaming trump, of course, but they did say that they, hateful antisemitic rhetoric, those are unacceptable. Okay. George Washington University law student tammy joins me now. House speaker johnson, hes going to meet with jewish student its at columbia later on today. Would you like to see President Biden do the same thing . Well, it is absolutely his duty to ensure that jewish students and just any Minority Groups are presented protected on our College Campuses. Our Founding Fathers envisioned a nation where every single individual could actually practice their faith and be free from any sort of threats like what were seeing on College Campuses. It is very unfortunate to see that universities are failing they are students and, you know, personally as a student who has immigrated to the United States because i wanted to get away from the same type of oppression that these groups are advocating for, i tampa little disappointee disappointed to see that these schools are failing. This is not something that the americans should stand for. Stuart have you had experience with hostility towards you, you personally . Yes. Given the fact that i have been very outspoken can and supportive of or my my jewish friends, i have been called numerous names on the books as much as a sellout and and a betrayer of people because im originally from iran. What people forget is that american universities are currently fostering an environment where a hay dead hatred towards or Minority Group requests including jewish students and also others is actually thriving, and thats very dangerous given the fact that we dont know whos actually funding these organizations, the rhetoric that they bring to these protests is very hateful. Its antisemitic. Its extremely disturbing. And they have harassed also, had physical violence against jewish students. Thats no longer a peaceful protest. Stuart right, understood. That is a crime. Stuart listen to this. New york citys mayor, eric adams, he he warns that its outside agitators thats fueling the protest. Roll tape, please. What i learned during the black lives matters protests when i was notified under the Previous Administration that there were those that came into the city with the determination of really disrupting and towering our city apart. Tearing our city apart. We strongly believe that is the case right now. We cant have outside agitators come in and be destructive to our city. Stuart is that what youre seeing at George Washington, outside agitators coming on campus . Ive seen many individuals that absolutely do not look like they are students. They all cover their faces, to its very difficult to identify them. However, they carry verying big flags and expensive equipment that brings the question where the funding is coming from. We mow that there are a lot of forces behind hamas right now, and and theyre controlling all as aspects of the narrative. For example, the Islamic Republic of iran is one of the driving forces of this war in israel, and what really worries me on campuses is that there are a lot of students that are very sympathetic to the cause that the Islamic Republic and other radical islam ec governments are currently adhering to in the middle east. And i think t