York dominates politics. Bidens trying the put his opponent in prison. Republicans show up in force to say what trump cant say because of the gag order. Well, today the trial moves into its final days. Robert costello back as a witness, a defense witness. Monday the judge furiously tore into him for rolling his eyes. Well try to the figure out how the trial plays out in the middle of a president ial campaign. Lets get to the markets, and were starting the day with bitcoin. Just look at it. Thats a rally, 71,000 and climbing. Thats bitcoin. Etherium also sharply higher again today. As for the stock market, well, the nasdaq closed at another record high monday. Youve got a small pullback this morning. Down 56 as we speak. A little bit of red red ink for the dow and the s p but not that much. Nvidia, that is the stock of the week it reports tomorrow. Plenty of buying in advance of that and plenty the of price target targets above 1,000. Right now its about 80 cents down at 947. If Interest Rates, not much change. The 0year coming in with a yield of 4. 43, theyear 22year at a range of 4. 85 as we speak. Going up a bit. Gold firmly above or 2400 an ounce. Oil moving down again, 78 a barrel with. Gas, no change, are 3. 559 for regular, diesel actually up one cent at 3. 900. Politics. The or International Criminal court Going Forward with arrest warrants for israels netanyahu. Outrageous, says President Biden. Defund the the court, says the wall street journal. Amall clean. Ny helped thish s crushes c prosecutor, she says israel is engaged in extermination. President biden taking a lot of heat for his speechessen on race over the weekend. The wall street journal editorializes, here it is, biden to morehouse graduates america hates you. On the show today, life on a permanent cruise, sailing forever. What do you get for 500,000 . If we do cover it all, you know. Tuesday, may 21st, 2024. Varney company is about to begin. Aint nothing gonna break my stride nobody gonna slow me down, oh, no. I got to keep on stuart ah, break my stride is the connection to the trump trial. Thats what the price are getting. Lauren okay. Stuart i like the music. Matthew wilder. Thats sixth avenue, new york city. Here we go. First of all, lets check futures the start with. Were looking on the downside but not that much. Cow cans off 20 dows off 20, nasdaqs off 56 points. I want to bring in mike lee first thing this morning. Nvidia reports tomorrow after the bell with, where do you see the stock going . Look, stuart, i cant imagine the earnings are anything other than spectacular, and heres why. If the largest buyers of nvidia chips, google, amazon, microsoft, all had blowout quarters specifically in Cloud Computing where they would be purchasing nvidia chip, and then you had facebook saying theyre going to invest 40 billion into artificial intelligence, and they cant do that without nvidias chips. Is so i cant imagine nvidia not having a spectacular quarter, okay . There is a possibility that i somehow the market is not impressed with those numbers the way they have been in previous quarters. Okay, if that happens, you know, you probably see a 12 selloff in broad markets if the markets not impressed with, say, their guidance or numbers. But again, id say the probability of that is fairly low. I think they will surprise dramatically to the upside because were just at the beginning. Stuart i want a quick comment if you on bitcoin, 71, 72,000 per coin this morning. Seems to be moving in tandem with stocks to some degree. Where do you see bitcoin going . Stuart, i think at the, you know, within 1824 months youre going to see bitcoin in the 200,000 range. So a trim of the previous cycle high triple. The rally this morning is because of the pivot and about face that the secs has done in relationship or, sorry, because of the etherium etf, that it looks very likely to be approved. Look, were creating a new trillion dollars in debt every hundred days and, yes, bitcoin has resume ised its 1 to 1 correlation with tech stocks correlation with steak stocks. Tech stocks. Stuart mike lee,ing good stuff. Jamie dimon says hes preparing to retire. Whats the significance of that and whats the timetable . He says its no longer five years ago income anymore. He said at the the end of the day, he still feels up to the job, but it is up to the board and that maybe its no longer that five years anymore. So we dont have a specific timetable, but the board saying, look, as long as hes up for it, he can suit up and show up, hes here. But he said if i cant do that and and if i get to the point where i cant do that, im happy to leave and step aside. Stuart i could say the same thing. Cant do it, i wont up youll suit up and show up, stu. Stuart youve been until following the trump trial. What can we preponderate from today . Yeah, so today, day 20, 9 30 a. M. We did hear yesterday from robert costello, again, he is reiterating we might expect to hear him again today, stu the that, again, or President Trump knew if nothing about those payments to daniels. Also new today we actually could hear from the judge. He might rule that they could dismiss z the case. The trump team has asked them to dismiss the case saying we still dont have proof that he tried to falsify any records, so maybe well hear from the judge with. We could wrap up thissing whole case maybe this week with. Stuart he might dismiss if ited odd. To might being the operative yeah, i think thats a long shot. 9. Stuart thank you very much. Trump did speak, heres what he had to say. Roll it. We saw that was ive never seen anything like it in my life. Everyones talking about it. You saw what happened [inaudible] what just took place in that court or and, hopefully, the motion to dismiss this trial will go through because this trial is a disaster for our country, its a disaster for new york state and new york city. Gregg jarrett just said where exactly is the crime . To quote a memorable line from shakespeare in line, i dont know, its a mystery. Stuart quoting from shakespeare if p. Lawrence jones joins me this morning. What do you make of cohens confession . Well, first, i would say before i even get to costello and cohen, the former president talk the about how this was a mischaracterization of justice . Looks like we just got those latest fund raising numbers out there, apparently theres a lot of americans agreeing with the former president. Hes outraising joe biden percent first time. So that tells you something that they thought that was going to hurt donald trump is actually helping him right now. Now to cohen, i mean, we didnt expect that. We know hes a liar, but thief too . My mom used to say if you lie, youll steel steel. If you steel, youll if you steal, youll kill. If i think that only increased yesterday. Stuart he helped trump. Yeah. It just showed hes not a credible witness. Stuart right. What about costello . Do you think he helped trump . You know, i think thats a mixed bag, and i was always questioning that moment anyway because i felt like when you have a win, just take it, and i feel like, you know, the prosecutions case rested on cohen. Let that be the final thing that they hear. The judge, i think, is a big factor in it. You never want my first job, i have Great Respect for the court system. My if first job was working in the Juvenile Court for a judge, and one thing that you always realize about a judge, theyre supposed to be fair, and judges have certain things that make them tick. And its universally applied. I think the thing that is hurting and that has people upset is that the judge showed no animosity or any slight upsettedness when it came to Stormy Daniels in her testimony which did not contribute to the overall alleged crime. But there was some pushback when it came to costello. She was ruled he was ruling on the objections of the prosecution in favor of them constantly and then, of course, he dismissed the jury. I think a lot of people are saying thats unfair. Stuart im going to change the subject, but i need you to cover this before you leave us. Biden to morehouse graduates, america hates you. The piece argues that bidens goal was to stir up racial division. Do you agree with that . Well, when i saw saw, i took great umbrage with it for obvious reasons. My parents made it very clear to work hard, not work ten times as hard. Youre already accomplishing the best right there, then why do you need to double it . I think when you have a president of the United States that has opportunity to make gains on improving the economic lives of americans, especially back americans, education and did not do that and because he doesnt have an agenda to run on, the lean on race especially when he did nothing the during the civil rights movement, especially when you have the 90s crime bill, he didnt pass the first step act, donald trump did. He says he was on the front lines and got arrested during the civil rights movement, he didnt. He was friends with segregationists, went to their funerals, spoke at their funerals. Again, if you want to move the country forward, im done with that. I think its nasty too, and what a day to do that on when you have people going to one of the temperature colleges in the country, morehouse, they have worked hard getting ready to go into the or work force and the country saying the country doesnt love them and heir going to have to work ten times as hard, that was disgusting. Stuart really out of place. Lawrence jones, thank you for joining us this morning. New poll says most voters what about rfk jr. In the debates. 79 a want biden and trump to debate, 719 want them the include a thirdpart candidate like Robert Kennedy jr. , right . So get him in there. I think from the kennedy perspective, hes come out a lot and said, look, this debate between trump and biden is a collusion to rock up lock up america in a head to head massachusetts why can i not be a part of it if i meet certain thresholds . Thats the 71 , come on,s lets have a debate. Stuart it ate gonna if happen in my personal opinion. Thanks, taylor. The Trump Team Meeting with arab voters in michigan who are abandoning biden. Trump is visiting the bronx thursday. Can trump lure these key voting blocs away from biden . Ben domenech on that later. The administration getting backlash for offering their condolences for the death of irans president. If watch this. Im not even sure why youre offering condolences if this guy was as bad as you say he was. Because we regret any loss of life. Stuart more on that coming up. Congressman mike waltz says trump stood up to terrorist states, biden coddles them. Waltz is next. If trading at schwab is now powered by ameritrade, giving traders even more ways to sharpen their skills with tailored education. Get an expanding library filled with new online videos, webcasts, articles, courses, and more all crafted just for traders. And with guided learning paths stacked with content curated to fit your unique goals, spend less time searching and more time learning. Trade brilliantly with schwab. In any business, you ride the line between numbers and people. Whats right for the business and whats best for everyone who depends on it. Solving todays challenges while creating future opportunities. It takes balance. Cla cpas, consultants, and wealth advisors. Well get you there. Stuart the International Criminal court, that is a branch of the u. N. , by the way, is seeking arrest warrants for israels Prime Minister netanyahu and defense minister gallant as well as leaders of hamas. Trey yingst in tel aviv. Whats israels leadership saying about this . Reporter hey, stuart, good morning. Backlash from the icc decision to seek arrest warrants for israeli leaders continues today. We do know israeli officials from across the political spectrum if have condemned yesterdays announcement. Israels reels defense israels defense minister calling the move disgraceful adding israel does not recognize the authority of this international body. Prime minister benjamin if netanyahu also spoke out about the icc decision calling it a complete distortion of reality adding this the prosecutors absurd charges against me and israels defense minister are merely ap an attempt to deny israel the basic right of selfdefense, and i assure you of one thing, this attempt will outerly fail. Reporter utterly fail. These complaints overnight if were echoed by President Biden who called the decision outrageous, the commander in chief adding this let me be clear, we reject the iccs application of arrest warrants against israel hi leadership [cheers and applause] whatever these warrants may imply, theres no equivalence between israel and hamas. Reporter in an interesting move, hamas if also condemned these arrest warrant for their leaders saying that it was the outrageous the icc made this move. Stuart . Stuart all right, trey, thanks very much, indeed. Now, the state department was asked why they issued condolences after the death of irans president. Roll tape. Reporter what exactly is official condolences . Condolences on behalf of the United States government. Reporter im not even sure if youre why youre offering condolences if this guy was as add bad as you say he was. Because he stuart congressman mike waltz ginning joining us now. What do you think we should do with iran . Theyre obviously vulnerable at the moment. The last thing we should be doing, stu, is offering condolences to the butcher of iran responsible for ten it is of thousands of deaths when he was a prosecutor under the ayatollah are, responsible for the deaths of three american soldiers at the hands of their mill mill a militias, responsible for 12000 israeli deaths dub 12000 responsible for sending drones into with russia, responsible for shutting down Global Shipping in the red sea as a it heads into the suez canal and on and on. Not to to mention the schoolgirls his Security Forces have literally hung in the street for daring to not wear a head scarf, a hijab. It is outrageous. Its just despicable, but it shows the fecklessness and just weakness of this administration. I mean, this is a moment to stand up and say this guy was a bad guy, he was wrong, and this regime is one thats based in evil. Stuart thats what trump would have done. I mean, if trump were the president now absolutely. Stuart i dont think trump would be offering condolences. What do you think he would do . Well, number one, trump would be, President Trump would be saying we support the iranian people as they fight for their freedom under this oppressive, three9 accuratic dictatorship. Theocratic. Number two, he would have this dictatorship worried about it own survival because they would be under maximum pressure. Just a few years ago their currency was tanking, their oil exports were virtually zero, and they were on their back foot, and they didnt have the resources to be supporting all of these terrorist groups and the russians and fueling the Chinese Military buildup with illicit iranian oil and gas. So none of those things would be happening under President Trump. He certainly wouldnt be offering an olive branch to the butcher of tehran. Stuart you know, your home state florida, of course seized more fentanyl than any other state in a recent time frame, more fentanyl found in florida than any place el. Who do you plame for this, congress blame for this, congressman . Well, actually, first i want to applaud our sheriffs, our law enforcement. The governor, the state legislature, they made it a seconddegree felony just to have fentanyl, just to pez it which is possess it which is a hundred times more potent than heroin. The stuff just deadly. But it also shows, stu, that this is a national crisis. Its not just a border crisis. And the administration should be sticking it to the chinese who we know when they send this stuff to mexico, they its going in the hands of the cartels, they know its going to poison and kill hundreds of thousands of americans, if we should be putting secondary sanctions on the chinese manufacturers. This Administration Just does not understand deterrence and does not understand how to teal with these tough guys deal with with these tough guys around the world that are all too happy to get away with killing americans. And theyre just getting away with it. I dont know how we make it another five years. We wont survive it. Stuart congressman mike waltz, republican from the great state of florida, we appreciate it. Thank you, stu. Stouter utah back in october the administration was prepared to move 11 the detainees out of guantanamo if bay. Why did they mix the man . Pretty much opt ecs after the hamasisraeli attack in october 7th of last year. They were going to be moving some of these detainees to the middle east. They were afraid the optics wouldnt look good had they moved those prettiers into the middle east prisons into the middle east during that time. Current administration if officials really frustrated because the goal of the administration was to reduce the pop if ration at guantanamo, eventually close it. This is slowing down that process given those prisoners are still now at guantanamo. Stuart thank you, taylor. Check futures quickly, please. Its tuesday morning. How do we open this market . Opening mostly on the downside is. A small gain for the dow. Thats at the opening bell, and well take you to wall street for that next. Wont you fly, free bird, yeah alarm sound amelia, turn off alarm. Amelia, weather. 70 degrees and sunny today. Amelia, unlock the door. Im afraid i cant do that, jen. suspenseful music why not . Did you forget something . suspenseful music my protein shake. The future isnt scary. Not investing in it is. Youre so dramatic amelia. Bye jen. Nasdaq100 innovators. One etf. Before investing, carefully read and consider Fund Investment objectives, risks, charges, expenses and more in prospectus at invesco. Com. Stuart macys reported earlier this morning. The stock is up 2. 5. Apparently luxury items are selling well. 19 a share for macys. Overall, not that much Price Movement premarket. The dow is up 11, but the nasdaq down 74 points after hitting an alltime high yesterday. David nicholas with me this morning. David, i want to talk about the nvidia. Today report tomorrow. They have very high expectations. They really have to the to deliver, dont they . Stu, youre right. Expectations are very high for nvidia. The streets looking for about 26 billion in revenue for the quarter, its looking to gu