Stuart good morning, everyone. More encampments removed, tear gas used at the university of arizona, arrests at upenn. The president of cornell stepping down, and at a George Washington university only 6 of the 33 arrested were students at that college. Weve been looking at outsiders organizing campus chaos. After President Bidenen threatened an arms embargo, Prime Minister netanyahu says israel will stand alone. Theres fierce criticism of that embargo. House republicans threaten impeachment, and Brett Stephens writing in the New York Times says it is bidens biggest blunder. To the markets. Stocks closing out the week with modest gains at least in the early going. The dow has been up seven straight sessions, it looks like its going to be up at the opening bell today maybe 80 point, nass damage up about a 36. Interest nasdaq can up about 36. The 10year is well below well, not that far below, just below 4. 5 . The 2year well below 5 , im firm on that one. Yes, 4. 84. Bitcoin, 63,000 at last count, 62,9 right now. Oil closing in on 80 a barrel again, were at 79. 58. Gas down one cent, 3. Of 3. 63. Diesel down one cent, 3. 95. Politics. Maybe bidens weapons embargo is winning some votes back home. The organization that ran uncommitted, thats an antibiden campaign, says the embargo is a step forward. In other words, the tilt towards hamas lookses good in michigan. On the campaign the president goes to San Francisco and seattle to mop up contributions from megadonors. Trumps in court again today, but tomorrow hes going to hold a rally in new jersey. A crowd of 40,000 is expected. On the show today, youll meet john hari. He was obese, started taking ozempic. His appetite disappeared x he lost 4 the point 42 points. Dave portnoy if will be here. Kristi noem was on this show this week. We talked about her shooting her dog. Whats portnoys reaction to that . He is a dog lover. Hell certainly let us know. Its friday, may 10th, 20124. Varney 2024. Varney company is about to begin. Stuart all right, folks, lets get right to this. The president of Cornell University stepping down after of seven years. This comes after months of turmoil on the campus. Details please, lauren. Lauren martha pollack is her name. She says the the decision was her own, but there have been calls for her less rig nation since critics say she allowed these runaway dei policies. Campus a place, especially at cornell, where theyre actually reprimanding students for using the wrong pronoun but not for antisemitism. Theres been a problem with that. Stuart ill say, of course. Lauren so a lot of people are cheering her resignation or, if you will, her retirement. In arizona, misusing tear gas overnight at the encampment there. Protesters ignored the repeated calls to disperse. And in pennsylvania, Philadelphia Police make arrests, several of them this morning. Governor josh shapiro, a democrat, called the 16 days of that encampment at penn both i unstable and unacceptable. Stuart its not over. Lauren no. It seems like its growing, popping up in other places. Stuart the national uncommitted Campaign SaysPresident Bidens move to halt some weapons to israel is, quote, a step forward. The New York TimesBrett Stephens, he says the decision is bidens big blunder and a political gift for donald trump. Mollie hemingway with me this the morning. Moll. Eric s, were going to deal with the oped in just a moment, but next has biden won some Domestic Support like in michigan by caving to hamas . Well, its obviously whats happening here with bidens decision to disagree with israel about how they prosecute the war. And its okay to have disagreements about how to achieve particular objectives. The problem that we have right now is that biden seems to actually be undermining what israels objective is, which is to eradicate hamas. And worse, hes doing it solely for political reasons. And that is an inappropriate way to handle really serious Foreign Policy issues. Stuart im going to switch gears to Donald Trumps criminal trial in missouri. Listen to what Hillary Clinton says about the delays in trumps cases in new york. Roll it. Justice delayed is justice denied, and the people in our country can it looks as though will most likely go to vote without knowing the outcome of these other very serious trials. And the one that is going on now currently in new york is really about election interference. It is about trying to prevent the people of our country from having relevant information that may have influenced how they could have voted. Stuart you know, mollie, that seems like tortured logic to maine what do you say . Its the stunning to hear her talk this way. Hillary clinton, you will remember, secretly paid for the russia collusion scam. She gave money to a law firm that cooked up that lie that so undermined the country and affected the 2016, 2018 and 2020 elections. And shes absolutely right that the failure to hold her to account for that is bad for the whole country. But these show trials, which is what they are, should not be defended by any democrat, each or you know, the most partisan like Hillary Clinton because its not just about hair they hatred for donald trump their hatred for donald trump, its about a destroying rule of law in this country. Once youve done that, theres no way to go back. And democrats have really harmed our, the way that we understood ourselves to care about a justice for the accused and to not use courts to settle political differences. And the whole point of a show trial is to get a quick and easy conviction. Rushing in this sense is not justice at all. Stuart well said. Mollie hemingway, thanks for joining us. See you again soon. Thank you. Stuart trump has been calling on biden to debate him. Biden responded yesterday. What did he say . Lauren this is the second time in a few weeks that the president says hes actually ready to debate. Watch this. Reporter mr. President , when will you debate President Trump . When . Set it up. [laughter] lauren are you convinced by that . Set it up, second time. I think it was april 26th he told howard stern that hes happy to debate trump. The trump says anywhere, anyplace, anytime. The first scheduled president ial debate is september 16th in texas. I dont know [laughter] im not feeling very confident. Stuart therell be a long series of negotiations, where is it done, the structure of it, how the is it going to work, and at the last minute, i dont think biden will do it lauren i dont think he can do it. Tooth no. No. One more for you, Trumps Campaign is optimistic about his prospects in two deep blue where states, which states . Lauren virginia and minnesota. Is this Wishful Thinking in trump lost both, two times, in 2016 and again in 2020. Hes trying the make them battlegrounds in order to expand the competitive map so you have nine swing states instead of seven and also make biden, who is hitting the campaign trail aggressively while trumps locked up in a courtroom, kind of make biden work harder in those states, defend more states, if you will. Toure south okay, got it. Thank you, lauren. Look whos here on a friday morning. Kenny polcari, the man himself. Green on the lefthand side, dow up close to 100. Its gone up seven days in a row are, seven trading sessions in a row. All right, kenny, im intrigued. You say the magic number for the s p is 5,262. Its now 55,2 5,252. I dont get it. Whats the significance of your number . 5,2262 is the high that we established four or five weeks ago, in real april. We hit that level, we tried the it, we background off off. We backed down to almost 4967ish, like that. We bounced around, and new theyve taken it back up through the shortterm trend linesupport, now resistance up and is through, and now on the back of this rate cut narrative, so now they want to test and see the prior high, which is 5262, if it will, in fact, hold. Will we punch through it . Will we test it . Are the sellers sitting right there ready to give the buyers everything they want at that level . From a chart point of view, technical point of view, thats the point to watch. Stuart do you think well get past that level . I think were going to kiss it and back off. I dont think this time were going the get through it. It feels once again its a little bit stretched, once again they have created this multiple rate cut story on the back of a weak, slightly weaker nfp report and a slightly improving initial jobs claims report yesterday that showed, you know, claims accelerating just a tiny bit. So theyre trying to convince themselves once again theres going to be a rate cut. Notice, theyre not calling for june, july or september, theyre just saying now a 2024 cut which, to me, suggests theyre now talking november, december. Im still in the camp its not happening, but theyre in the camp that it is, and theyve talked themselves into it. I think once we hit 5262, i think theres plenty of supply there, and and i do not believe that were going to get through it at this next time anyway. Stuart i know you wait for a pullback on some big name stocks. Wait for a pullback, then you might if buy. Are you interested in buying costco . Right. Stuart i ask because youre in florida, i go to florida a lot, i love costco, you know . Costco is a firm name, right in we own it in our portfolio. It is a name that we like. On a pullback we would. You know me. On up somedays days, im not buying, im letting it ride. Im fully invested, so im ling it ride. On the days we see pullbacks, well put money personally as well as for the firm, but costco is a core name. Its a name that we hold, we own and held it,if certainly on a pullback stuart i like costco. Im going to go there soon. Kenny, have a great weekend. See you next week. You as well. Byebye. Stuart coming up, governor kristi noem defended shooting and killing one of her dogs. Roll tape. All ive done is one. Stuart ive not seen anybody support you on shooting the dog. Im honest of. Well or, ive or heard a lot of people that say, listen, this was 20 years ago. Stuart dave portnoy is a dog lover. Im going to get his reaction the kristi noem in the next hour. House republicans drafting new impeachment articles against the president over his arms embargo to israel. House majority if leader Steve Scalise says this is a betrayal of our greatest ally in the mideast. The congressman is here, hes going to be on the set next. Is bad debt holding you back . 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First, listen to what biden said back in 20219 about exactly 2019 about exactly the same situation. Roll it. The idea that we would cut off military aid to an ally, our only true, true ally in the entire region is absolutely preposterous. Its just beyond my comprehension anyone would do that. Stuart my, how times change. Biden doubled down on those claims saying in a a tweet that trump must be impeach ended. Well impeached. Look whos here right now, House Majority leader, Steve Scalise, republican from the state of louisiana. Cogman, on what grounds would you impeach President Biden . Dwell, if you look at where we are, stuart, President Biden is failing on so many different fronts. But if you look at israel, you showed those quotes and tweets, what he said when he was a candidate or, you know, and he sure was bold then, but hed probably like to eat some of those words today. What hes done to israel, walking away there if our strongest ally in the middle east is disgraceful. Our Main Objective is to get israel the support they need to show that we stand with our ally, israel, even if joe bidens walking away because he is now frying to appease the pro trying to appease the who prohamas wig of his party. Stuart is it a high crime and misdemeanor . We want to get biden to deliver that aid. Ultimately, congress came together stuart do you have to impeach him for that . No. Theres legislation that we are drafting that actually requires him the deliver the a aid, because we want israel to have the tools that they need to defend themselves. They were under attack finish. Stuart where does impeachment come into this . Right now if you look at what were drafting, its legislation to require that he actually go and deliver the aid to israel. And, again, hamas working with iran, the largest state sponsor of terrorism in the world went and invaded israel on october 7th. They murdered israelis. They still hold over 1300 hostages including american citizens 130, and joe biden is not concerned about releasing the hostages. Hes directing his attacks towards israel, for goodness sake. Hes siding with the wing of his partyer thats out there pulling down party thats out there pulling down american flags, defacing George Washingtons statue on campuses. You know, you look at some of these radicals that are doing this, anarchists, thats who joe biden is trying to appease, and hes walking away from israel in the process. And republicans and democrats united support israel and dont agree with what joe bidens doing. We want to get back on the focus of helping and supporting our ally, israel. Stuart im going to change the subject for a second. House republicans, thats you guys, you just passed a bill to add a Citizenship Question to the 2030 census. It passed without a single vote if any democrat, i got that. Is this all about the number of seats allocated to the states on the basis of census numbersesome. Yeah. And youve seen this brewing. Proven President Trump tried to change that question, and the court said, well, there were some procedural issues. Ultimately, an act of congress can address this, and thats what we brought forward on the house flooferlt as you point out, every single democrat basically said they want illegals counted in the census. You take a state like california that has lost millions of people because their policies are so bad, people are fleeing and going to texas or florida or somewhere elsewhere they can have freedom and sanity in policy. They would probably lose a dozen seats in congress. And about a dozen electoral votes which is really critical if you only counted people here legally. And yet they want to continue to count people here that are illegally as well to boost their numbers and reflect and make up for the people that they lost who said we dont like your bad leftist policies. Stuart so long term, the open border is an attempt to insure Democratic Power in the political arena for years to come. It sure explains a lot of why joe biden would keep an open border even when america i mean, look, the number one issue in america is secure the southern border, but joe biden refuses to do it. He stopped construction of the wall, he mandated catch and release, stopped remain in mexico. Those are all policies joe biden took that led e to millions of people coming into our country illegally including people on the terrorist watch list. Joe biden could reverse that today, he wont. We passed h. R. 2 to fix this problem, and joe biden opposed that bill. He doesnt want to solve the problem. President trump will fix this problem. Thats going to be front and center on the ballot november 5th. Stuart did you see this . At George Washington university only 6 of3 3 of 333 arrested people 3 3 arrested were students at that university. Do you think outsiders are organizing this campus chaos . Is a it a kind of conspiracy . Its coordinated and, in fact, theres been Research Done to follow money. This is funded. This is actually costing money. You see tents, 50 tents are set up, and theyre all the exact same tent. This isnt people who just pulled something out of their garage and showed up. Theyre being organized, a lot of it by e joe biden donors. And thats been identified. Why wont joe biden give that money back . Because he supports that prohamas wing of his party, these an artist can anarchists that are stopping jewish students from being able to go to class, these president s on College Campuses who wont protect jewish students in violation of federal law. Of were looking at this in congress to follow the money. These universities are getting billions of dollars in taxpayer money, and part of that requirement is that they protect all their students, especially jewish students, and theyre failing miserably in that mission stuart can you take were looking at the money. Obviously, you Start Talking about the billions in taxpayer money they get, thats getting their attention. But this has to be addressed. People are sick and tired theyre paying 80100,000 a year for tuition, and the kids cant even go to class right now because of these anarchists. Stuart weve been hearing from a few parents, believe maine Steve Scalise, are you well, sir . Feeling great. Ing thanks a lot. Stuart god bless you. [laughter] check futures, please. Weve got a few minutes before the market opens. Im seeing some green. Dow up 10 to can 100, that nasdaq can up 56. The opening bell i