Expresident in prison because people didnt like things he did during his presidency, is absolute lunacy. Send a message to a generation of kids that seem to feel theyre not responsible for their actions. I dont think were going to see anything even remotely intent from the fed and the market is taking care of the feds job for them. Billions and billions in additional cost and who are going to bear the cost . Its the Small Businesses. I dont think too many Small Business is men and women think of joe bidens policies as friendly. All politics is local. People care about their economy, their backyard and safety and immigration problems. Thats what they really care about. Ashley i just love that. Ever since i was a young boy, i played the silver ball from so cal down to brighten. They moved to my hometown. I love that. Good morning, its 11 00 a. M. On the east coast on this monday, april 29th. Im Ashley Webster in for stu varney. Checking the markets and were on the upside and very modestly so. Second to last day of trading in april and had a pretty strong week last week, especially on s p. Were carrying it on today but very modestly a. Lot of data to review this week coming up. Take a look at big tech names, its a mixed bag. Apple up, 3. 33 and microsoft, meta and alphabet all moving lower. Alphabet down 2. 25 . Take a look at 10year treasury yield starting to gain more downward momentum, down 4. 6 basis points at 4. 61 . This headline from axios, new immigration reality, the economy needs workers. Steve forbes joins me now. Great to see you, steve. Lets begin there. Are Migrant Workers needed to offset a economic slow down . Thats a great spin. Surprised it didnt have biden label on it in the sense that we still have a very low Labor Participation rate and millions of people in this country not working. We should be focusing on how do we get these people, especially young men back into the work force. In terms of immigration, if you want a sense of immigration policy, make it legal and have Legal Immigration instead of 10 Million People in the country over almost 2 million we dont owe where they are and we know theyre bad people that have come into the country. A lot of chinese nationals coming in are not coming in to look at statue of liberty. Ashley thats true and we risk legalized illegal migration and should these people be allowed to work . Should we give them work permits right away to contribute . Take care of people in line that are legal immigrants that spend months if not years waiting to get their green cards. Let them come first and then you can consider those that come here illegally. Lets be fair, people that obey the rules should not be punished and those that break the rules should not be rewarded, fairly simple. Ashley amen, cant cut the line. The opportunistic ed from the wall street journal and watch out for a Global Wealth tax. Four countries in the g20 group germany, spain, brazil, and south africa, are propose ago 2 wealth tax on billionaires. You know what, steve, will biden and yellen buy into this . I have a feeling they might. Buy boo it, im sure theyre behind the scenes cheering and janet yellen is all for global taxation and have two pillars, global minimum tax on companies and global minimum tax coming on incomes, personal incomes and not just the rich. Theres a movie back in the early 60s, great one called its a mad, mad world and its now tax, tax, tax world and thats why this election is so important and got to stop this because they figure theyll buy into t the democrats and after they take over, which some day they will, then slip it through congress. Thats why we have to stop it now and make it clear to the organizations and doing away from the g20 and not going to have International Taxation without representation. Were reducing tax rates as a race to prosperity. Ashley amen. You know, i was just trying to work it out, steve. It was nearly 24 years ago and working in nashville, tennessee. You came through town on your president ial run and i met you to do an interview with you in a hotel room and all we talked about because it was your mantra and i still believe it is, youve been a champion of a flat tax. Will that catch on . Probably it hasnt taken on yet and can we get to the point and impose a flat tax . Yes, i think people and all polls show across the board people are in favor of growing tax simplification and number of countries done it successfully and only losers are politicians that love complexity and source of power and charles keep fighting the good fight and steve forbes. Great stuff and great to see you this morning. Thank you, ash. Ashley thank you, sir. Modest gains and dough, nasdaq and s p all moving higher and lots of things going on this week and bring in jason katz. Jason, great to see you. Why do you, the markets, need to pay more attention to the election . Do you believe the markets should be paying more attention to the election . Without equivocation. Weve been so obsessed with the fed and for good reason. And theres no shortage of issues that will drive this election but to steve forbes earlier point, people vote with their wallets and think about how much is at stake here. Its weighed on vast majority of americans and think about what happens in terms of new tax reschumm. Theres proposals to look at regimes and theres proposals to look at state taxes getting cut in half. Individuals could see taxes on Capital Gains, dividends going up to a staggering 45 , thats the highest in a century. On the corporate level going from 14 and taxes heart, especially when it comes to the economy and to what voters do at the polls. Ashley i hear more people using the term stagflation, which is absolutely awful as you know. Just ask japan. Is it a little premature to call the direction we could be headed in stagflation . Yeah, the s word, its way too premature to start throwing that around. Look at leases on apartments and its coming down and housing is a big component of how gdp is calculated and that should come down. Then were also seeing growth in terms of earnings. I dont think therell be a stag in stagflation. Ashley very good. Are you continuing to remain mostly bullish . Yeah, theres plenty of reasons to remain constructive. Not overly bullish. If we get a bull back, hey, thats normal. Fed may not be cutting but theyre not raising any time soon. Yes, stay invested, ash. Ashley cautiously optimistic jjason catastrophe this morning. We love it. Thank you,. Lauren boeing won a contract with the u. S. Air force to supply seven additional helicopters and thats a win and boeing need it had. Tesla surging and all about elon musks surprise United Healthcare is moving lower and reeling from the february cyber attack at change healthcare unit and new York Attorney general Letitia James joining 22 attorneys general in other states in urging the company to better protect its patients, its providers, pharmacies, the stock is down three quarters of 1 . The ceo of United Health will testify before the house this week. I was just at a specialist the other day, they said it was paralyzing and theyre still dealing with the outage because of the hack at change healthcare. Ashley wow. Lauren yep, february 12 it happened. Ashley wow, okay. Thank you, your honor, lauren. Coming up, one economist said theres mounting evidence that our economy is facing a nightmare scenario. Well explain, that sounds very ominous. If youre looking to travel this summer, watch out for a tourist tax. Well tell you which popular destinations will charge you just for visiting. Outrageous. And remember what we were told about the crime plaguing new york city . Watch this. I see the way crime is, people go, well, crime is down, murder is down, but its the quality of life walking down the street and having people harass you constantly. Ashley amen, John Catsimatidis is a Business Owner in new york city. Does he agree with chaz . Guess what, well ask him next. Ameritrade is now part of schwab. Bringing you an elevated experience, tailormade for trader minds. Go deeper with thinkorswim our awardwining trading platforms. Unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. And sharpen your skills with an immersive Online Education crafted just for traders. All so you can trade brilliantly. We love being outside, but the sun makes our deck and patio too hot to enjoy. Now thanks to our new sunsetter retractable awning, we can select full sun or instant shade in just 60 seconds. 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I wonder what i will be doing . Probably still living here with mom and dad. Fast reliable speeds right where you need them. Thats walltowall wifi with xfinity. Ashley the economy could be headed towards a nightmare scenario. Lauren, what are we talking about . Lauren stagflation, low growth and high inflation and high levels of Government Spending and debt. The debt is almost 35 trillion. Gdp in the First Quarter and remember 1. 6 and shocked wall street and inflation is at 3. 5 . This is a problem and all of it has been juiced by the administrations spending on student debt forgiveness, infrastructure and subsidies to promote green policies. Stagflation might be more of a opinion depending on who you ask, but the data is headed in that direction, ashley. Ashley lauren, thank you. The gloverrer of virginia, gl gleglenyoungkin is ripping intoe president on the economy. Watch this. Global economic strength is the security and its important to have dope deep relationship withs the trusted allies and it represents that our economy is not performing as it should be. The reality is we have low growth and high inflation. It should be flipflopped. We should have low inflation and high growth. Ashley Red Apple Group chairman and ceo jon catsimatidis joining us now to talk about that. John, what do you make of the state of the economy right now . I think were in deep trouble. I think were going in the wrong direction. Governor youngkin is correct. The commander in chief, the president of the United States is responsible for global security. Whats going on right now is we have a lot of troubles in europe. The houthis and the red sea are closed and theyre not going to ensure the ships going through there and creating a problem in gasoline. Gasoline is high and going to stay high. That causing a temporary inflation situation that has hit Interest Rates and a 7. 5 , 30year mortgage, no one is going to buy houses or build houses. High Interest Rates create a problem for the ba banks and the Real Estate Industry getting its going to create problems for the banks and it could be taken care of in three days. All we have to do is send the air force in, navy in, take care of the houthis in the red sea and take care of the suez canal and well be okay. The other problem the commander in chief has created is hes shut down alaska again. If you bring the price of crude oil and gasoline down and drill biby drill, guess what . Inflation goes away. Guess what, Interest Rates go back down to normal and im going to disagree with some of our other people about the budget. The budget if they have confidence in the commander in chief. Guess what . Going 40 trillion going back to 200 Interest Rates and im more concern confidence in washington, confidence to create a situation where were running the world instead of having russia and opec nations running with us. Ashley im talking about rampant crime and going from them sounding off about crime in new york city. Listen to this and ill get your comment. I walked the streets of new york and i see the way crime is as far as like people asking other people for money. Talk about quality of life. Not just people going crime is down and murder is down. Its the quality of life walking down the street and having people harass you constantly. I dont like that. I think its wrong. My wife goes with my children and she feels she wont take the subway, thats for sure. Wont take the subway. A lot of people i know will not neighboring the subway. Ashley john, youre a new york city game is there think way to turn things around and whos to blame for this . Absolutely. Albany, i think Governor Hochul tried to make a difference and shes made some slight differences and the speaker is to blame and the senate in albany is to blame and comes down to what chaz says is 100 correct and you wouldnt walk around tonight and wife and kids to take subways and its changed and with congestion pricing coming june 30th and going on the politicians and all the politicians and we have onenil in the coffin for manhattan. Do you want another nail in the coffin . Wait till they turn around and chain the congestion pricing. Youve got 8. 5 million new yorkers and new york city citizens and 3,300 criminals, repeat criminals. Who do you want to serve . The 3,300 criminals, 48 million new yorkers and enough is enough, guys. Ashley right. Yep, we hear you. John, always great to talk to you. Always have so much great insight especially on new york. Make a difference and get new york back and our country back. Ashley there ewe go. Well leave it there, well said. Now this, california could soon get serious about cracking down on crime. Come in here, lauren. Something that voters will decide on . Lauren they already are in a big way. 900,000 californians have signed a petition to amend its homelessness, drug addiction and theft reduction app known as prop 47 and put be law in 2014. It let thousands off the hook for doing bad things over and over and over again and proposition anl needed 500,000 signatures to get on the ballot this fall. But californians waited in line for hours in some cases to add thinker signatures and cut across party lines, racial line us because theyre so fed up. Ten years of prop 47 resulted in what theyre dealing with now. Theyre lining up to add their signature to change it by vote on the ballot in november. Ashley if you pass it had and regret it, only way to vote it back outment looking towards the break, weve been ever so slightly parody. All up slightly higher and opening to the wall street week today. Coming up, egypt has a new proposal for a ceasefire between israel and hamas. Were going to tell you where the current plan stands. People leaving california in droves because of high tax and now they might try to hit you with an exit tax as you head out. The ceo of oxygen financial, ted jenkins will have the details next. Lauren the European Union opening an investigation with how meta is handling investigation and going for this and whats going on and nags nag highway traffic transportation and opening up investigation into hands Free Technology and its called blue crews and two fatal crashes and involved a mustang mac 3 suv. And its 300,000 vehicles and its a probe stock down 1. 6 on the news. Ashley tourist taxes and where is it happening and going for them charging. Lauren its not expensive enough and traveling all over. 3. 47 and if youre a traveler in barcelona, spain. 5. 35 in venice, italy a day. Japan, 6 when you depart on a plane and vote adults going for them in him la yays and thats a sustasustainability tax. Its 135 go z to new zealand. Just trying to get a little more for it and so theyre not over tourists if you will. They can put the money towards sustainability. Ashley not going to the himalayas any time soon. Get you checked for that. Lauren 100 wont stop me. Ashley take a look at this next story and exit tax and pay up and then you can go and joining me now. Ted, where is the exit tax happening. Happening in the state of california and for individuals and businesses that want to relocate and that was basically the tax predicated on the network and minus the realize and thats above 30 million, you have a 0. 4 tax on the ovrang and i use the model of hotel on california. Thats a fact. Ashley exactly right. This is a proposal and then in stone yet. Saturday saying weve invested with the state tax and so many Business Owners never got any of that money all together and Business Owner<