And what i am saying is its time to believe. The train has left the station. If its not too late to get on. I want to caution us not to, you know, set the bar too low for biden, you know . Its not enough for him to simply show proof of life as he did at the state of the union. These were strict migrations from countries we should restrict migration from countries that a hate us. What hes doing is just window dressing for an election. There are many potential hooks upon which a juror could find reasonable doubt. You dont want the make it a referendum on donald trump. You want the jury to focus on the evidence. If they cant put on a convention, how can we have confidence in the Democratic Party to run the country for another four years under joe biden . Its been a hard day s night, and ive been working like a dog lap lap mr. Speakers mr. Speaker r dc d [laughter] stuart i was singing along, but with my voice is not great. What a wonderful song is. 11 00 eastern what are you laughing at, my voice . Lauren [inaudible] [laughter] im speaking about myself. Stuart its thursday, may 16th. Here we go. Look at the markets. Yes, the dow is, well, or firmly above 40,000, 40,044, to be precise. That is a gain of 136 points, crust over onethird of11 . 1 . Big tech all higher except for meta, which is down 4, 1 . The 10year treasury yield, it is below, way below 4. 5 . 4. 35. There you have it. Investors like that. Now this. A friend of mine texted me yesterday. He said, hey, how about 40,000 on the dow by the fourth of july . If i said, you know, we may get there well before then, and we did. How about 20 minutes ago. He he hit we hit 40k. This is a spectacular market rally that that has enriched tens of millions of investors. One year ago the value of all publicly traded stock stocks was 411. 4 trillion 41. 4 trillion. Stock values have gained an astonishing 10. 97 trillion in just 12 months. Amazing. Finish this ising extremely good news for anyone who had the good sense, good Financial Sense and the financial ability to get into the market. 45 million households have an ira or a 401 k . Their investment returns have surely done very well. And wouldnt you know it, the socialists have taken notice, and theyve taken aim at this Wealth Creation. They want a piece of it. This is the wealth tax put forward by senators warren and sanders. Theyve been theyve taxed your financial to the max, but they still want more money. So theyre turning to your stock market investments. Since so Many Democrats are are rich, this wealth proposal may not go through, but it will be back. Jealousy and rich bashing never goes out of style the with socialists. Meanwhile, e enjoy with. We have the good fortune to the live in a country this allows Wealth Creation. We have well regulated markets and superb highTech Companies. Apple, microsoft, google, meta and if now nvidia are the crown jules of american business, and they have jewels of american business, and he was led this rally. They have produced the best Wealth Creation machine weve seen in generations. I wonder if my colleague and former economics professor Brian Brenberg agree withs with that. Lets ask him, because he happens to be here for the full hour. What do you say, brian . Well, it doesnt surprise me that a warren and sanders want to take our wealth. They should be celebrating today, they should be tweeting about 40k. I bet they havent tweeted about 40k, have they stuart if they did, it would be negative. Lauren biden did. Yeah, right, because hes running for office. Let me tell you why this is so good. Wealth creation is independence. Socialists hate up independence. When you have wealth, you can live the way you want to live. When they take your wealth, they can make you live the way they want you to live. Thats what this is about. Your stove, your cars, your house, you name it. Stuart but you have the say with numbers like 10 trillion increased wealth in one year, Middle America has to be doing very well. Well, your number was 45 Million People, id love to see that grow actually. One of the problems with bidenomics is you op dont have a lot left over at the end of the month to put into the market. More people should be able to do that. But it is great news for america because weve got this debt problem, and and how do you get out of a debt problem . Your economy grows its way out of a debt problem through entrepreneurship and dynamism. And those are two words socialists hate, because you cant control entrepreneurs, and you cant control dynamism. Stuart im glad were on the same page i think we agree on this one. Thats good. Its be a good hour. Stuart when i was a very young man, i was, indeed, a socialist, but i saw the light very quickly. And a little green too. [laughter] stuart i want to talk about the soaring cost of childcare. Brian, am i right in saying that childcare in some cases can be double the cost of rent in. Well, if the numbers youre putting up there are true and i think they are, it is the case. Heres the problem, childcare is another. One of these sectors9 where the government has gotten more if more involved over time in regulating what you can do, how you can provide it, what what licenses you need. And all of that has raised the costs for people. And a little bit is on us as well. We demand more out of childcare than we used to now. T not just that i want somebody to watch the kid, i want them to enrich them and educate them. We demand a smaller or ratio of caregivers to kids. But the point is lets have more dynamism. This is becoming too much like higher ed. The more government got involved in higher ed, the more the costs went up. Lets not do that to childcare. Stuart how are people supposed to afford having a family . If you have a bug family these days big family, ive got a very big family. Its very expensive. It is very expensive. Families should have the choice. I just think families should have the choice. We kept our kids at home, and there was a sacrifice and tradeoff we mading but we chose to do that. We home schooled. We went all the way, we home schooled. Some families want to do it differently. Some families have a trusted caregiver who, guess what . Doesnt have a license. Ing some states you have to have a postsecondary education, youve got to have a certain number of hours logged, a certain number of square feet per child in your house. My new york apartment, im sure, violates that rule for my own kids. But im okay with that. But the government wants to dictate how you care for the kids, and if they do that, your costs are going to go up. That, to me, is the primary story of this. Stuart you got it. Brian, stay there, please. The dow still above the 40,000 level, 40,025, to be precise. Hit that number about an hour ago. Check walmart. A very strong Earnings Report this morning, and the stock is sharply higher. For a company that size, a 5 gain in the stock price is really something else. I want to bring in mark avalon, what does the walmart if report tell you about the economy, mark . If. Well, good morning. It tells us that the consumer is still strong, and theyre spending. But it more tells me about the excellent execution at walmart. They connect with their customers on many levels. Look, they expanded in ecommerce, they education expanded in expanded in private label. They know their messaging, they know their core consumer, and they dont change it quarter by quarter. This everythingcommerce growth that theyre decommerce growth that theyre experiencing started years and years ago, and now the Online Advertising boosted, and their traffic through that port ifal is going up. So portal. I think walmart is a combination of both a strong consumer willing to intend. Americans are excellent at spending, or but theyre also smart, and they see value at walmart. Stuart one of our guests early the morning said walmart is a fantastic company, but he wouldnt buy the stock because its boring. It doesnt go anywhere. Youve got 10 seconds to comment on that if you wish, mark. Hes not totally wrong with. Its a slowmoving value play and if thats how you want to invest in a reliable retail, thats fine. But, look, its not nvidia, and its not big cap tech. So just pick which type of investing you prefer. Stuart o. K. The dows at 40,000. Does this rally have legs . If. I think it does. I think if we can keep inflation modest, i dont expect it to plummet. I think wage growth is too strong for that. But i think if we keep inflation modest, Interest Rates are, i believe are, at a peak, and the fed will not hike. So thats always positive. If earnings can surprise or deliver, i think thats going to be accompany by company, but in the ago regate theyve been relatively aggregate theyve been relatively strong. And what really is promising to me is Tech Innovation. I think the Tech Innovation not only helps the Tech Companies whose products and services are in demand, but the companies that are using technology to lower or or their costs to fight that wage growth, that benefit cost growth, their insurance costs, etc. So technology is going to be in demand, used at the endpoint, and those companies that use it or make it will help power in this market. Stuart mark avenue loan, thanks for being with us on the day the dow hit 40,000. Good stuff. Laurens looking at the movers, and i believe 3m is moving. Lauren its up almost 4 . Dow stock. Vertical Research Upgrades them, says its time to buy with. And theyre giving them a 140 price target. That is the highest on wall street. They have a new ceo with, or bill. Bill brown, and they expect him to turn the company around bill brown. A lot of lawsuits and problems over products. Stuart deere, tractor people. Lauren sees demand for Farm Equipment falling sharply this year, as much as 25 . Farmers are pinched by high Interest Rates to finance that Farm Equipment and low crop prices. The stock is down 3. 5. Stuart whats gamestop doing . Lauren thats the o. G. Meme stock from three years ago. Its down 20 now. It was down sharply yesterday too. So the meme mania that we we spoke about on monday and tuesday because gill, roaring kitty, posted sunday night. It lasted for two days. Stuart gambling is only fun when you win. [laughter] thanks, lauren. Coming up, a new report reveals that george soros gave millions to a group that pushes to censure conservatives. Brett bozell has the details. Some good news, opiateuate deaths have declined for the First Time Since the start of the pandemic. A full report. Theres a lot of speculation over who could be trumps running mate. Dr. Ben carson is reportedly a strong contender despite not having hit the campaign trail for his former boss. Would he accept the position if asked . Ill ask him. Dr. Carson is next. What will you do when the power goes out . Power outages can be unpredictable and inconvenient, but with a generac home standby generator, your life goes on uninterrupted. Because when your generac detects a power outage, it automatically powers up, giving your family the security and peace of mind they deserve. We dont have to worry about whether we lose power or not. If the Utility Company does not come through, our generac does. After the hurricane happened, we just want to be prepared for anything. 8 out of 10 home generators are generac, with thousands of satisfied customers. Number one thing to prepare for is extended power outages. Dont make it so hard on yourself, have a generac home standby generator. And owning a generator is easier than ever. Special financing and low Monthly Payment options are available, and if you call now, you will also receive a free 5 Year Warranty valued at over 500. Call or go online now to request your free quote. Inside every splenda product is a mission. To help people live happier healthier and longer lives by making it easier to cut out sugar. From our factory to our stevia farm, splendas team of over 2000 individuals are dedicated to helping people live their best lives. Taking pride that everyday millions say i use splenda. and now sweeten drinks wherever you are with splenda zerocalorie liquid sweeteners. Try all three. Available in the baking aisle. Stuart speculation is growing about who donald trump will pick as his running mate. Hey, ashley, whats trump saying about doug burgum . Ashley funny you should ask. Trump appeared on the hugh hewitt radio show, and he was asked whether the north dakota governor has the vp position locked up. Trump responded by saying, quote, no, but doug burgum is very good. He made his money, made a lot of money in technology, and yet i think hes more of an expert on energy. Hes a very talented guy. Quite an endorsement but in commitment to vp if position. Trump also went on to say that the opportunity to debate joe biden would be an event, that event should be at least two hours long with the candidates standing at a podium insinuating that the president would struggle under those conditions. And he also said, by the way, on the show that he believes biden will be replaced at the Democrat Convention in chicago because, he says, the party has no other choice. Stu. Stuart okay. Thank you, ashley. There are nearly a dozen names floating around as potential trump veeps. One of them is dr. Ben carson, and dr. Carson joins me now. Sir, youve not been on campaign trail with donald trump, but if asked, would you take the job . Well, im not sure that its accurate that that i havent been on the campaign trail. Thats what nbc news reported. [laughter] that takes a grain of salt right there. You know, ive been speaking a lot on College Campuses with turning point usa. Im speaking tonight in branson, missouri. Tomorrow night im with governor sanders in little rock, arkansas, speaking at the lincoln day dinner. I talk about the difference between the Current Administration and the Previous Administration and the policies and the results of that. And have very much advocated for the president , the previous president. Stuart okay, doctor, will you answer the question . If offered the vice presidency of the United States of america, would you take it . I would give it careful, prayerful considering. I consideration. I do everything that i can to save this country. Stuart you couldnt turn that down. I mean, you couldnt turn that down. Well, i will continue to say, first, weve got to get President Trump in office. [laughter] stuart ill back off. Unless we get him back in once we get him back in office, we can freely discuss all these other things. Stuart ill back away from this. Believe me, ill back away. A black voter in georgia says people she knows are looking forward to voting for donald trump. Listen to this, watch with it. They are looking forward to voting for trump why . Because now they find something in common with the political candidate at that level. When you say they find commonality, what is that commonality . They have felt persecuted by the system of american injustice. And its not a stretch for them to think that trump may be a victim as well. If people see that theres some kind of commonality between himself and maybe all the black men that have been incarcerated and thal families that have been impacted by black male incarceration. Stuart doctor, that was on msnbc. I bet they were not expecting that answer. [laughter] yeah, that was, that was a blow they werent expecting. I think there is some validity to what shes saying. But also i think a lot of voters, black, white, red, brown, doesnt matter, they love the fact that President Trump is an open book. I mean, you never have to the to wonder about what hes thinking. And he follows through on what he says. And he has very good political sense. You look at the things that he predicted, and the vast majority of them come true. People try to denigrate him, and theres no question that his bedside manner may not absolutely be the best, but if you were dying of a complex disease, would how you rather have a surgeon who has a good bedside manner and kills everybody [laughter] or one with a bad bedside manner who whos excellent . If. [laughter] stuart this is good stuff. I dont want the move on. You were in the Trump Administration for several years, i think you were in the administration for the entire four years if im not mistaken. Was it as thats correct. Stuart chaotic and difficult as people make out . No, it wasnt anywhere near as chaotic as the tough that were seeing now. [laughter] there was logic and common sense. We had great support from President Trump and were able to get a lot of things done. You know, interestingly enough, you know, it was the hud that really pushed the Opportunity Zone program. Stuart thats right. Weve enabled the black voters, not just voters, but citizens, to have the highest Home Ownership rate that theyve ever had. With we had Opportunity Zones, we had do stuart the thing is ways a that we brought the various organizes together at the organizations together at the state, federal and local level in order to improve peoples lives. Stuart we never heard anything about that, did we . Didnt hear anything about it. Im afraid im almost out of time, but i do want to mention that youve got a new book out, and its called the perilous plight overcoming our cultures war on the american family. Doctor, i wish i had more time because i love the subject matter here, the breakdown of the family. I think its eakes them extremely important. Come back with again soon, please, i want to talk more about the family. Dr. Ben carson sounds good. Stuart potential vp for trump. Well talk about that again, im sure. Thanks, doctor. All right, thank you. Stuart Brian Brenberg is still is sitting next to me. That was fun. I liked that. Stuart great guy. Do you know that he was one of the gre