Summer. We have United Refining Company chairman John Catsimatidis here, only here how we need to boost our energy independence. Plus the ceo of yet another American Company set to join the beeline to shanghai. Corporate ties to china are getting stronger as government ties get more tense a big week for 2024 players. The gop field expanding. Weve got breaking news on that with mike pence just filing the paperwork for his run for the white house. Plus rfk, jr. Get as big Silicon Valley endorsement. Senator tim scott just took on the ladies of the view. We have got some of that exchange. Thats coming up. Welcome to the show. Im cheryl casone. Im in for neil cavuto. Lets get right to the big market story of the day, those oil prices. As you can see right now you have got oil an interesting day for it. Higher by 2 in the premarket pulling back now. As you can see still up more than 1 especially for the wti contract. Brent moving higher as well. United Refining Company chairman and ceo John Catsimatidis is with me. John, all of this is happening. This opec news, the saudies, a Million Barrels a day they will start doing that, cut at the end of july. That goes through 2024. This was not and opec move. This was a saudi move. How does this play out here in the for American Consumers . Well of course in 22 oil was down to 68 a barrel on friday and i think the saudis are panicking because russia is panicking, saudis are panicking, theyre working in concert. So the people have to realize that. So, they create, okay, were going to cut Oil Production. Well, when you cut Oil Production they said they are going to cut Oil Production last, what was it a month ago, six weeks ago . Cheryl there was april meeting as well. That was the entire coalition. This im not sure theyre doing to cut. Cheryl im not sure they did either. Tell you what, oil didnt move. No. Oil, six weeks ago it moved from 70 a barrel, anytime it goes to 68, 70, they panic. Went to 83, 85. Cheryl it pulled back. When they realized it might not be true because they, they dont give you true numbers. You want to you want to buy flying carpet from them, go buy a flying carpet from them, its the same thing. They panicked again this sunday morning and they said, it was 68 on friday. And it went to 72, 73 right now. So maybe, maybe people are finding out the truth. Dont panic. Now in the same time i spoke to senator dan sullivan. Everything is go ahead for alaska. Well be producing another 200, 250,000 barrels a day but what the American People have to know, we moved a trillion dollars worth of income, trillion dollars worth of net worth from north america to where . Russia and the opec nations. Cheryl talk about opec plus, to be clear there are sanctions against russia. But there is been several reports, several reports do you think anybody is paying attention to that . I tell you the truth. Cheryl theyre shipping under tankers disguised, basically avoiding i tell you the truth, im in the oil business. The russian oil is going to pakistan. Theyre shipping it to the United States as pakistani oil. Whom do you want to trust . Whom do you trust . It is all crazy what is going on. You know who is losing . The American Consumer is losing. Cheryl talk about this summer then. What does this mean . It is summer. The driving season, the flying season, people are booking travel. Theyre planning trips for sayization. Were at 3p. 55 on average today, better better than a yeao be clear but to be clear, do you think the prices go up . The saudis, russians will stir the pot to make sure prices go higher than lower. Exactly whats going to happen . We dont know, but it was 68 a barrel, the best price on friday it has ever been. Today it is 72, 73, so prices will tick higher but lets not forget, north america, canada, the United States, is capable of being the Largest Oil Supplier in the world if we had washington that would help make it happen. And, maybe washington is getting a little more reasonable. They made a deal with kevin mccarthy, okay . Ever since the old chief of staff of President Biden left it seems to be a little more reasonable. They made a deal with senator dan sullivan in alaska for the 250,000 barrels. If the Democratic Party wants to be reelected, how do you say stop screwing the American People, the American Consumer. Cheryl john, look a lot obviously will play out. Particularly not just from your oil background, your Grocery Store grabbing bound, you will have pulse on all of this inflation which is energy prices. Forget the core, it is energy prices. John, i want you to stick around. I want you to get your thoughts on the crime crisis facing this city and other cities. I have a lot of opinions, you know that, cheryl. Cheryl i cant wait to hear them. Dont leave yet. Wall street is backing up on bets on possible cuts for future meetings from the fed. Lets get the read from slatestone Market Strategist kenny polcari. We saw the jobs report, it was 75 chance the pause for june. I think july meeting the question mark is being raised for. Sure, because they made it, they made it cheer i think that theyre going to skip, right . Lets change the narrative to skip, not pause because pause means they will stop. Skip just means theyre not going to do it this one but theyre clearly not ruling it out for the next one i think that is where the narrative going. I think it is 72, 73 now expect june to do nothing, so they will skip. Now theyre talking about what happens in july. Look, based on what happened this weekend with the saudis and the price of gas, if you start to see oil move up again then it will add upward pressure so at least it will slow inflation from going down. It may push it a little higher again which leaves open the next conversation is should the fed raise again . I think they should. I think they should raise again in june. They probably wont but more than likely raise again in july. Cheryl youre saying raise again in july. You had a lot of wall street bets placing there would start to be cuts in the fall. I assume you dont think or do not want to see cut in the fall, am i reading you right . I never understood how wall street was even assuming there were going to be cuts in the fall they werent even done raising get theyre already talking about cutting it. By the way if they were cutting in the fall you better be careful what you wish for because the only reason they would cut 75 basis points three times would be if the economy started to spin out of control and by no means does it look like the economy is spinning out of control. Look at the reports we got last week, nfb, labor is still strong. Unemployment went up a little bit, labor still strong. We had job creation more than we expected. I dont think how anyone can expect there would be any rate cuts in 2023. The first rate cut is happening sometime in 24, first quarter, beginning of second quarter, certainly not before then. Cheryl nasdaq at 2023 highs as we begin our week. Apple is big piece of that, certainly high intraday, apple, Worldwide Developers conference will come up wii we get to in a second what about the stock . It is the latest announcement they come out with, right . There is virtual, virtual headset thing they have been talking about. Havent paid attention, that, this whole a. I. Phenomenon which is driving the whole megatech sector. Weve seen what happens, names like nvidia, google, amazon, somehow names you tie to Artificial Intelligence has gone crazy. Cheryl, you and i both know, kind of, kind of getting a feeling dotcom bubble in 99. Not to suggest i it would be boom and bust the way it did. There were no real revenues. These are Real Companies were talking about. I think theyre a bit ahead of themselves with all the hysteria theyre whipping up around chatgpt and everything else. Cheryl i value your opinion and respect your energy on a monday after a summer weekend. Kenny polcari, good to see you as always. And you. Cheryl less than one hour apples Worldwide Developers conference will be kicking off. So the tech giant expected to unveil its high little anticipated Virtual Reality headset. Were hearing about a 3,000dollar price tag. Kurt knudsson joins me live from apple headquarters in cupertino. Kurt, what are you expect . Good afternoon to you. Tim cook expected to hit the stage in one hour as you mention. This will be a makeorbreak it moment for him with his legacy because this is the first big product category innovative from apple in 10 years. You remember 10 years ago it was apple watch. I want to remind you consumers, as well as business, who wants a watch . My watch works fine . Look what happened with apple watch. Look what happened with the innovation of apps inside of that. Now what is apple . They have a trillion dollars in services on that side, aside from their hardware business. So it is this headset that is coming. You say why do i care . I dont care about a gamers headset or Virtual Reality headset or augmented reality headset. You put all of that together come out with what is called a mixed reality headset where you cannot only see what is going on around you but you can shut that down experience what this headset brings you in the form of content. So where is that taking us . Is apple today going to also be announcing a 3 d network or an xr network . Who knows. That is something were about to learn. What we do know, youre right, that price tag is way up there, 3,000. That tells me this is not geared toward the consumer. This may be for the prosuer market to create something bigger. Apple will not waste their time on a oneoff especially after 10 years of really doing nothing in the space of innovating a category theyre really well capable of doing. So it will be very interesting what we learn in the next hour or two here. We expect also that this, whatever this is, this xr headset not to come out until late they are fall, and a lot of controversy around it with that price tag. Cheryl exactly, exactly. Well watch and wait for the 1 00 p. M. Eastern headlines. Kurt knutsson thanks so much for the live report. You bet. Cheryl the 2024 republican primary field getting bigger by the day. We have breaking news who took his name out of contention on the gop side. Chris bedford, scott bolden are here to break it all down for us. Your record label is taking off. But so is your sound engineer. You need to hire. I need indeed. Indeed you do. Indeed instant match instantly delivers quality candidates matching your job description. Visit indeed. Com hire your brain is an amazing thing. But as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. Thankfully, the breakthrough in prevagen helps your brain and actually improves memory. The secret is an ingredient originally discovered. In jellyfish. In clinical trials, prevagen has been shown to improve shortterm memory. Prevagen. At stores everywhere without a prescription. First, theres an idea and you do something about it for the first time with godaddy. Then before you know it, it is a life changer. you make your first sale. Small business first. 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He filed his paperwork with the fec a little more than hour ago. New hampshire governor, chris sununu rumored for possible candidate, generating a lot of buzz, decided not to run for president next year. He sat down with cnn well look to see whether or not he casts any light who he would support come next year. Well talk about South Carolina senator tim scott. He has been introducing himself to primary voters but today he was in new york city to bristle with the media elite, the women of the view. Scotts visit to the show is notable because host joy behar recently claimed the senator could not understand racism because he is a republican. Within the last hour scott fired right back on on the view. One of the things i think about, one of the reasons im on the show, frankly comments on the show, only way for young africanamerican kid to be successful to be exception not the rule. That is a dangerous, offensive, disgusting message to send to our young people today. Reporter fellow south carolinian nikki haley also out on the trail, should be in texas. She made headlines this past weekend when she essentially criticized comments former President Trump made praising north koreas leader. Haley urged voters not to get caught up with all the drama in the past. Americans are tired, theyre tired, they want government that will work for them. They have want to stop all the chaos, stop the negativity, stop the baggage actually watch government get things done. Reporter as we talked about we expect more people to join the field. As we talked about mike pence will announce his bed on wednesday speaking in iowa. Former new Jersey Governor Chris Christie will be speaking in New Hampshire tuesday, current north dakota governor dug doug boring rum. Will announce. There are still talk of potential third party bid. West virginia democrat joe manchin told folks this past weekend he is not ruling anything in or out. Cheryl, essentially stay tuned. Cheryl stay tuned to stay tuned. Mark meredith thanks for that report. We have the former Dc Democrat Party charm scott bolden and sarah bedford. Chris christie is set to announce. Mike pence filed his paperwork. The field is getting crowded now and we have a different scenario than we had in 2015. In 2015 at this point in time no one was talking about donald trump. They were talking about Florida Governor jeb bush. Do we learn anything to history in 2016 and what do you make of the fact that you have more and more names coming in that could potentially submit the ticket . Yeah. I think donald trump is probably happy to see more and more entrants into the race because like you mentioned there is probably about a third of the Republican Party who is going to vote for trump no matter what. The more people who are fighting over 2 3 of the party that remains open to another candidate, the more people who are doing that, better chance that donald trump has a glide to the nomination. What is different from this time trump in 2016 ran against the republican establishment. This time around he more or less is the republican establishment. He had a really big role getting current rnc chair installed for example. He has played a really big role getting a lot of state party chairs, state gop chairs in place. So he really cant make the same sort of case to voters. I do think that the polling right now is more or less meaningless because the race hasnt really gotten underway. The field isnt even set yet. So even though he is enjoying those doubledigit polling leads right now there is a lot of room for someone like ron desantis or tim scott to make a compelling case especially in the quirky iowa caucuses. Cheryl scott, i spoke with 2024 president ial candidate Asa Hutchinson earlier this morning on fox business. Here is what he had to say about the growing field. Well we welcome them into the race and it is about half the size as it was in 2016. So it is still a manageable number and more voices really had add to the discussions of ideas. It is important to remember over a month ive been announced candidate and im talking about the number one issue that we face as americans going into 2024 which is the economy. Cheryl so, scott, is it about messaging or is it about personality . Well its about space if you will. As the crowd, as the crowd grows this Republican Party, theyre all vying for number two but not necessarily the vicepresidency position but whether trump stays in. He is face two more indictments. He has been indicted already, having represented Public Officials who are under indictment and running for office it gets hard to stay in the race. If trump gets out then the field is wide open. Lightning more likely to strike in the bottle than not. So trump right now, whether he is running from the jail cell or not he enjoys all of these people getting in because he has got a 40 point lead whether that matters or not and so personality is important, connecting the voter is important but more importantly are you going to run out of donors . Donors are important to stay in the race or get in the race. Only the most loyal are there but there is only so much money on the republican side to finance all of these races. Cheryl a lot of it is flowing to Governor Ron Desantis right now as we saw when he began his fundraising when he