Keep going up. Also going up, way up the National Debt are economic gurus are here to dig into the exploding debt and surging Interest Rates which are so intertwined, begin to get into all that. Im david asman and for neil cavuto and you are watching cavuto coast to coast. David our top story today, markets rising slightly to kick off a busy week investors are eyeing both wednesdays Federal Reserve decision on Interest Rates and friday the read on the job market, lets get to read from omb chief economist van skin an option chief Market Strategist alan, great to see you. It is been too long. Vance i want to go to you first, while important the fed decision to investors, a lot of the Interest Rate increases are coming from the treasury visibly trying to sell debt in order to pay for the deficit spending. Isnt that something that we should keep an eye on as least as important the as we do on the fed . It is a pleasure to be with you, you are exactly right, spending way too much in congress out of d. C. And thats insert entry increase in supply of bonds and pushing the prices down Interest Rates up we see Interest Rates continue to soar, the tenure rate 4. 2 , where people moving to, then moving to goal it continues to go up, what we see is this slower economy, higher inflation, stagflation area. And were going to continue to see a lot of debt being put in the marketplace so higher Interest Rate will be the result likely lower stock prices going in the future. David another result of all of this is the amazing increase in debt payments, huge debt payments as a result of having to sell bonds at a higher Interest Rate that means you spend more, we are now spending more on payments for our debt then we are on all of the defense spending, defense spending was 822 billion, it is more on our debt spending on fulfilling our agreement to pay off the Interest Rate. Something has got to be done. Our investors concerned about this at all . The market is telling us know, were 2 away from the alltime top we bounced 47 to 2022 low. Its by the debt market for a year end a half straight, eventually those fundamental facts can have an impact on the market but looking at where we are were here for longer not hire for longer we are here for longer but were going to cut rates at 30 chance of july or 6 in september or 8 december, rate cuts are coming. David i want to stick with you for a second. How much of market enthusiasm has to do with a. I. , we saw the great stats coming in from microsoft and google last week is a. I. The key, do investors think were right on the verge of technological revolution in the 80s . It is very possible but you have the cycles where the hot sector runs the market for a while and often times they peter daut. If you look at the big boys and google and microsoft, how much money there make it appear profit, 20 billion per quarter, corporations are doing extremely well to get back with the rates. Im an old grizzled trader im going to throw something out here, 225 years since the washington administration. The average r weight has been right here, for the half where the average rate we got spoiled with free money now were at the average. It has not impacted the market yet, were in everything bulb market and prove otherwise, last week is a great example of the resiliency of the stock market and the opportunities that we have in stocks on the upside. David back to vance, well its great for wall street is not great for main street. Americans feel the pressure of the higher Interest Rates like they have it in the years be before. We cannot buy houses that we want to with Mortgage Rates over 7 , we cannot buy cars, were getting screwed in terms of how americans feel thats why they feel the economy is not doing well for them. What is going to change that . You are right we had the Housing Affordability crisis going on across the country with higher Interest Rates, higher home prices, summer coming down a little bit now. I dont think well get to see lower Interest Rates for a wh while, some were expecting early in the summer a few months ago, now later in the second half of this year, i think that will be the case but that wont help the Housing Market for a while. At the same time many people are saying, i dont want to leave my house, they have the locking effect that will keep supply of the market keeping housing Prices Higher than otherwise. Something to look at. David another thing that i wonder about whats happening we had the deck closing in on 35 trillion, never been this high. Attire that appointed world war ii but the dollar has come on pretty strong, there is the debt clock, the dollar is doing pretty well, stronger than other currencies, why is that. You have to say where you want your money to be. A lot of would rather be in the United States and the dollar compared to other currencies, this is a global competition with the Exchange Rates and thats what is telling us that we have a higher Interest Rate whereas some of the other countries are starting to say were going to lower Interest Rates earlier and thats with the money starts to flow to the dollar, Something Else to look at moving into the future. David finally, are you worried that the higher Interest Rate in the past higher Interest Rates have been trouble for nasdaq . For all the tech stocks, that doesnt seem to be happening now partly because the prophets coming in on a. I. And is not because tech stocks are no longer concerned with rising Interest Rates. I think we have to focus on the word higher, we are higher than 0 were at the average we have been in 225 years, we have completely spoiled erie back to Housing Affordability, the major asset for every americans in their home 60 own a home the average home equity is 200,000. They made a lot of money thats why they do what is cell. David young people can get into this market, young people are squeezed out they cannot afford the higher Interest Rates or the higher cost of the houses. I had to start small. The bottom line is a lot tougher now than it was a few years ago, gentleman that was a great discussion, thank you very much to both of you. The antiisrael protests rocking the nation, hundreds of students are arrested over the weekend as they got to stay in their cabins until their demands are met, bryan llenas is at columbia with the very latest, what is going on there today. It looks like we could have a repeat of what we saw on ap april 18 with massive breasts, were not entirely sure no indication of the nypd is involved just yet, there is a standoff that could potentially happen this is whats happening at 2 00 p. M. Deadline has been given to the Columbia University students at the academy on campus to voluntarily leave the encampment or be suspended. That is from the university directly to members of the encampment that they were given a fourpage sheet, there also told they have to check in with the University Official as they leave and they must sign the Document Committee the following Columbia University guidelines from here on out. This morning went on to say this, its important for you to know that the university has a ready identified many students in the encampment if you do not identify yourself upon leaving and sign the form now you will not be eligible to sign and complete the semester in good standing. If you do not leave by 2 00 p. M. You will be suspended pending further investigation. There is no physical mention, mention of physical removal as i should say or what is going to happen to them necessarily if they do not go other than the suspension. The university committed a few days ago that we would not call the nypd on campus because they said it would be counterproductive. I will say they said at that moment at this time, that was three days ago thanks have obviously changed, the justice morning they release a separate statement the set after five days of negotiations with the student protesters that they have come at an impasse and she said that we have regretfully ended the discussion without any agreement to dismantle the encampment. President mnuchin said unequivocally that columbia will not divest or cut its financial ties with israel are companies that do business with israel, this is a core demand from the student protesters. The University Said offered to make Financial Investments to gaza. The offer to be more transparent about his investments, in the end the student protesters refused to agree with anything with the university, now this morning they have a 2 00 p. M. Deadline. Were also look at other protests across the country. We have the view of yale as well as nyu where our cameras are both of the schools. Were keeping an eye of those encampments and many across the country because they will get their cues no doubt, the university of the protesters as to how this is handled that columbia this afternoon once at 2 00 p. M. Deadline comes and goes. Today is the last day of classes at columbia, there is final exam starting on friday and commencement is on may 15 and the University President was very clear, commencement will happen. That commencement is supposed to happen in the same space as where this encampment is, that is why we have that for today. We will see what happens to those who decide to say. David i think a lot of colleges are you under look at university of Southern California which cancel the Graduation Ceremony and parents are furious with that. That is a joy and appearance life after spending july savings with your kids, they dont want that repeated elsewhere. Thank you so much for your reporting. We appreciate it. We will honor all our mortar. Father father sons and daughters. David this was the scene at the Northeastern University over the weekend. Protest apparently there are not just exclusive to students. An official from the university saying demonstration was infiltrated by professional organizers with no affiliation northeastern, Florida Republican congressman cory mills w calling on congress to do more to investigate the College Campus protest. Listen. The School President s need to be more active and vocal about the fact that they will not tolerate this type of antisemitism and they will get control of the College Campuses and i think its time for congress to investigate where is the money and influence operation in the foreign entity that is behind many of these and is something that needs to be fiercely took another look at african. Nebraska senator but republican dan fisher. Is it time for federal action to find out where these funds are coming from . Who is behind all the demonstrations when we see the antisemitic attacks on jewish students. Its complete chaos on a lot of the College Campuses. Its time for elected officials and University Officials to step up and take action. It was interesting to hear your previous reporter talk about Columbia University and the steps that they have put in place that they want to see met by the students at 2 00 oclock today. I hope the students meet those. This is not a time for negotiation with students. They have the right to protest, they have a right of free speech, but they certainly dont have the right violent speech, they dont have the right to occupy space that the university is trying to get ready for a college commencement. It is nice to see some steps start to happen here in safe spaces for all students to start to be there once again. Now we have to consider, it is not just at Northeastern University but the degree to which there may be outside influences. Im going to read what the Northeastern Administration says about whats been happening on the campus in everett similar reports from other campuses, what began as a student demonstration to days ago was imposter rated by professional organizers with no affiliation to northeastern. Last night the verla antisemitic slurs including kill the jews crossed the line, we cannot tolerate this kind of hate on our campus. I should mention some protesters say this is a false flag that it might be a proisraeli group, frankly, weve been hearing it enough around the country, columbia as well that we have to be concerned about outside influences here. Were very concerned, we know that this certainly appears to be a corrugated effort. It moves from campus to campus, i think the university is wise in making sure that students if they do leave the enclosure at columbia that they sign out we need to know who is there and the university certainly has a right to know who is on the campus. They have an obligation to provide a Safe Learning environment for all of their students, safe space for all of their students. When we see certain universities starting to say were going to have all of our on campus classrooms closed and youre going to have telelearning take place in your canceling commencement, that is outrageous, it is ridiculous. And we need to step up and make sure that we get that safe environment back. David particularly when other countries may have had suggestions that china, qatar or iran may be involved i hope the fbi isnt interested in this as they are investigating traditional catholics by the way. I want to switch to your home state of nebraska which is cleaning up after a really, really tough long weekend of dealing with the storms, what is the very latest from the tornadoes and other storms . We had a huge system, a torn attic system moves through the state from lincoln to omaha and bennington, alcorn, blair nebraska, was one of the most powerful tornadoes to move across this country in the last 11 years. But nebraskans have a great spirit, we were out helping each other, neighbors helping neighbors, that is a nebraska way and we will continue to work with our governor and other elected officials, local officials to make sure that we get the communities in need what they have a need for, volunteers are making all the difference in these people who were hit by these storms, making all the difference in their lives and helping them clean up and begin the recovery. Our prayers to you. It is a very tough time and a lot of people have lost everything, thank you very much for being here. We appreciate it. Tesla on a tear, have you seen this the stock of the day, what has it charged up. All the details coming up after this. vo what does it mean to be rich . Maybe rich is less about reaching a magic number. And more about discovering magic. Rich is being able to keep your loved ones close. And also send them away. Rich is living life your way. And having someone who can help you get there. 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Light em up gentlemen, its a beautiful. Day to fly. David tesla stock surging after the committee passed a key hurdle to roll out self driving at least in china lets begin asset manager partner in wealth manager mario barroso. Good to see you. Has a long way to go to get back to 300. This is a very impressive jump, what is up with the stock, is it all about china . Absolutely. Thank you for having become a pleasure to be here. Some will give tesla a speeding ticket this is stock is flying is up almost 30 points since the low over the last month of tesla where the stock was 138. It has a long way to go to get back to 300 but we are clearing almost the 200dollar mark, what happened this weekend was vital for the company. Basically tesla had the chinese remove restrictions to have full self driving cars over there. They are working right now with the body do which is brilliant for elon musk, he is a very, very smart man and you never count him out. If theres one thing we should know on wall street you dont count out elon musk he introduced for the mapping of the cars and now have full self driving cars because prior to this weekend we had limited capabilities with tesla. Driving cars, if you buy a tesla and you want autonomous feature in the chinese were preventing that and now with this deal the good hopefully have smooth roads ahead. David self driving vehicles are at tough sell to americans because as you publicize accidents involving self driving vehic