stuck here until we get done. >> working from home you never really leave anyways. jackie: like the hotel california. >> i'm not sure it matters. brian: all you have to do is mentally check out. >> no. jackie: you have to get out of the building or house or whatever the workspace is. brian: go to my mental checkout. dagen: you can check out any time you like but never leave. brian: it does feel like hotel california around here sometimes. taylor: i would argue everyone on this beautiful spring day, to go outside and get some fresh air, charles payne we hope you're up next we'll be watching your show and then, we'll leave but not a minute before. charles: never knew you could stop working. i didn't know that was an option. thanks a lot guy, good afternoon i'm charles payne this is "making money." now listen. we know it's the first trading day of june, but i be remiss if we didn't talk a little bit about may, right? in which listen, conventional

wisdom was absolutely destroyed. non-stop fearmongering think about this go back to the beginning of may. the wall street financial media, from political pundits everyone saying the market will get hammered and ironically it was the safe havens that didn't work out and they said sell everything except maybe go hold on to healthcare. i hope you didn't do it. lilly got hammered all of the big names in healthcare got hammered and this is also pretty interesting with the utilities. somewhat of a safe haven but a lot of the utilities names got hit as well. duke energy and some of the others and the bigger decliners so this is a 30 day performance, not one-day it's the 30 day performance last month and i'd say apple was down. nothing to do with tariffs and the companies got issues, a.i., everyone is wondering what the next act is. berkshire hathaway down almost 6% of course that's warren buffett stepping away but look at those big swaths of green. they were absolutely huge, right? think about this at the start of the year almost all of the experts agree with

ray dalio's sentiment this a.i. thing is like the 1998 bubble so guess what? big tech has staged a monster reversal and this is since apri. nvidia, microsoft, even apple which is still down, up huge broadcom, they report this week, tesla. its been absolutely phenomenal. last week, on this note, goldman noted hedge funds were net buyers of technology for the third straight week in fact last week they bought every single day. it was the largest notional buying in tech in more than a decade. now this is after they were net sellers in 10 of the prior 12 weeks. you could see up there they bought, bought, bought, because they were way behind and it looks like dali ox has a lot less company in the tech bubble camp and this morning rbc raised their target to 5,730 from 5,500 and it seems nonsensical but what's really happening here is that wall street just can't figure it out. what's more really concerning is

how much decision-making is based on a simple dislike for trump or maybe even a trump agenda or just maybe the notion that is the retail investors that continue to crush the so-called smart folks. that might be the hardest blow for many on wall street and it brings to mind out at least for them their inner duke brothers. >> we open right now, get those brokers back in here, turn those machines back on, turn your machines back on! charles: folks joining me now, ria advisor cio lance roberts. i've got to be able to the broad market and the recent note you mentioned there was a retest of the s&p 500, the 200 day moving average. we've got that up here on the screen. i want to ask you, do we retest it a little bit more or keep bumping up and down because here is the retest you talked about. we held here. as long as we're doing this you're pretty happy and excited aren't you? >> absolutely and look, really

the market hasn't done much since may 12. we had this huge rally off the lows and really since may 12, the markets kind of just gone sideways. that's good. we want that. we want to consolidation, work off some of the over bought conditions. last week, when you and i talked we talked about buying the dip. waiting for that opportunity. well, corrections come in two manners. either the market just trades sideways or works off some of the exuberant conditions, or you get a pullback in price. fortunately right now, we're seeing that consolidate solidagos so over the next week or two, we're going to get a good entry point to add to exposure here as we head into july. june tends to be a weak month because we lose stock buybacks so just be a little cautious here. we might have a little bit of just more sideways work this month. charles: if the 200 doesn't hold you'd be looking at the 50 day? >> yes, sir. yeah. that's probably the maximum drawdown you'll get at this point. i really don't expect to retest the 50. it's certainly possible.

i kind of expect the market to trade sideways here and that 50 day moving average crosses back above the 200 sometime in the month of june. charles: i'm a huge champion of the retail investor that's killing it but i want to show this chart. this is 9:30 in the morning all the way to the close and what's happening here is they are saying retail options buying, you can almost time it now. you could see when it happens, 10:00, 10:15, 10:30, these big spikes and at some point, this predictability in my mind can start to back fire on investors. is there something you'd say to folks you're doing extraordinarily well to make any adjustments? >> well you know, remember when we were doing the whole gamestop trade back in 2020 the retail investor has wall street by the tail. wall street always wins this game eventually and when something becomes very ingrained into the market as you're just showing here with options trading, wall street figures out how to take that game away. they begin to hedge against it and they arbitrage it out of the market et cetera, so if your

retail investor taking a lot of risk and options and options are a binary bet. you make money or lose everything, so just be aware of the risk you're taking and just understand that at some point that's going reverse and what is expected to occur every time doesn't and that's where losses really man up. we saw that a lot in 2022. retail investors took a beating much more than the overall market because they took on too much speculative risk. charles: let's talk about how to do this because i saw your note. you've been adding to or scaling in the names we know, palantir, amazon, google, microsoft, gare and i want to ask you about your technique when you scale in a stock you already own, you want to own more and say it's starting to runaway. i know a lot of investors wait for the pullback and that doesn't necessarily always come. >> well again, the problem is is that investors always think looking for a big pullback. they are expecting it to come down 20% to some previous level and buy it really cheap. markets don't work that way

particularly when you're in a strongly-trending stock like an nvidia or palantir so what you're looking for are periods where the stock just trades sideways a bit and just cools off, or you get a minor pullback to some level of previous support, so what we're looking for here and look we've owned these position for a long time. we bought more on april 7. we trimmed them a little bit on the big rally and because they got really over bought and now we're just looking for any type of consolidation here and we'll rebuild those positions, bring them back up to target. we're really excited about the future of a.i. there is, for every billion dollars worth of infrastructure, you get $3 billion worth of economic growth and president trump has already got $1.8 trillion worth of commitments for infrastructure in a.i. this is going to be huge for companies like amazon, palantir, blackrock. charles: i've got just 20 seconds and have a couple names on your reentry list.

full disclosure i had my subscribers take profits on that today so i'll be with you looking on the dip but real quick, blackrock. what's going on there? it seems like it's down enough if you had the conviction you start buying now. >> yeah, and i think that's a good entry point on blackrock. infrastructure is really hard to kind of pick the winners and losers. blackrock is heavily investing in infrastructure so for investors, an easy way to get exposure to infrastructure buildout is through owning something like blackrock who are doing a lot of private equity investments in that space but caterpillar, deere, these are the companies that are also involved in the whole infrastructure build-out but we do like blackrock for the financial space in your portfolio and yeah, you could start building a position in it right now. charles: my man you pass the test, the s&p went green as you were talking. talk to you again real soon. >> thank you, appreciate it. charles: and nicholas capernicus, everyone knows about him who published his model on the solar system and it was

controversial because he said guess what, this? the sun is at the center of the universe not the earth and by the way the earth just circles around like any other planet so as you can imagine it didn't sit well with the establishment back then. well my next guest says that nvidia is at the hub of the a.i. revolution and while it's not as controversial the street seems less impressed with the company even after that blockbuster earnings report so let's bring in the asset anagement president and cio kevin ma. at 1945 i knew it wasn't then so let's start with nvidia because here is the interesting thing. had a blowout quarter and still the stock is still below, you've got to go back] year almost all of the other names made a much bigger move. what do they have to do to impress wall street at this point? >> what nvidia did last week is remind investors of two things charles. one is that where the a.i. revolution is indeed alive and well and we're just at its beginning stages a kin to

batting practice of a double header and two they do remain at the hub of the a.i. ecosystem. 44 billion in revenue, 39 billion of that though was from data centers so now data centers account for 88% of their total revenue. they are not just a chip play. they diversified now and are starting to occupy the entire ecosystem, similar to what amazon did a few years back with the e-commerce ecosystem. charles: i mean, it's great. no one disagrees with that but the stock seems to be churning and to be having difficulty. now i no one, there's a big question mark and jensen huang becoming more and more involved in the china situation. >> yes. charles: i read at least three separate articles over the last 24 hours on how the race between america and china is centered on a.i., and nvidia. he would like to see us okay, just sell them stuff so they don't make their own. i think that's crazy though because if the ultimate goal is to global superiority, they are going to try their best to

get it. the a.i. revolution is indeed a race and both countries are trying to gain a significant advantage in that regard. right now the u.s. is in front but companies are starting to pivot. look at nvidia itself just announcing plans to build $500 billion of infrastructure in the us over the next four years so they can build all their chipses in the u.s. in places like phoenix, arizona with taiwan semiconductor. charles: so the a.i. ecosystem, let's talk about this semiconductor. these are the two names you like, it's interesting taiwan semiconductor and asml. they do that lithography machine and one is half the size of this studio. you can't really knock it off. it's not a chip. >> no. charles: but the stock is volatile. >> yeah, so i look at the a.i. supply chain and asml's biggest client is taiwan semiconductor, the largest in the world and who taiwan semiconductor's biggest client is? nvidia. nvidia doesn't manufacture its own chips. taiwan semiconductor does, and that phoenix arizona plant i happened to visit two weeks ago

is enormous. it's going to take over a lot of the capacity for nvidia so they can meet all the demands. charles: software, everyone knows microsoft. i don't know if everyone knows comfort system special counseled like mate researcher company. the symbol may give us some insight. >> more of haired wear company than software play. they supply the cooling solutions to data centers, as we know data centers run very hot. they consume a lot of electricity, companies like comfort system, manufacturing vertiv which we have spoken supply the cooling these data centers need. charles: i thought the digital realty was an interesting play on data centers. real estate was the best performing sector of the last three days last week coming on pretty strong is it these sort of sneaky ideas that are setting the pace there? >> without a doubt. real estate investment trust, they own 300 data cross the globe, how about a company like iron mountain getting into the data centers space. data centers are where the puck is going and investors should look at that. charles: less than 30 seconds we talk power. full disclosure, i have subscribers breaking it outlooks

amazing. constellation keep going but dte is not a name people talk about. >> both are nuclear plays anddte owns the power plant in michigan, a good dividend above 3% and constellation has geothermal capabilities and re-opening three mile island with microsoft. charles: great stuff talk to you again. folks it seems like a rather slow day and it has been so far but these are the sessions where you get to chance to scope out what you want to own and be positioned before the spike. also there's major news coming this week. jay woods in studio to help break it all down and handicap all the things that will impact your portfolio. he's next. ♪

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i'll bring in freedom capital markets chief global strategist jay woods and two things i know you like to look at from a technical perspective, relative strength, talk to the audience. these are momentum indicators and what we're seeing is a tired market. things seem to be slowing down, we're waiting for news out of washington, some of the tariff deals to come through so what i look at is the relative strength in dem and got to just below 70 which indicates over bought and-charles: this line here? >> yeah and it broke down below and it's still hanging in there with room to go but we're starting to see momentum fade and the moving average convergence divergence we're on the cusp of a bearish crossover. we tend to see sell-offs like we saw here back last summer, similar timing so to me, i don't know what that next catalyst is to take us higher it feels like the market is tiring and we could go sideways for a while which is fine. charles: although we've got potentially a phone call this week, with xi and trump. >> well yeah, tons of

shenanigans going on in washington, who knows what's going to move the market but right now the price is stabilizing and that's positive. charles: historically this is the jobs report was always the most important number maybe the last couple of years it was supplanted by inflation data but still what's intriguing is we have 130,000 from 177 which plow away estimates. you're saying okay this probably is not going to be what moves the markets. interesting i was reading your note and thursday maybe the day we need to look at when we get initial jobless claims and continuing claims at 1.9 million. >> yeah, people have been out of work for longer and tougher for those out of work to get back into the workforce and every thursday we get the jobless claims number but it's starting to tick up and surprised us last week. the last two times its gone above 250,000 it was hurricane related and a boeing strike and gm strike and now there's nothing to see if we get that spike over 250 that could disrupt the markets. charles: would good news be bad news in this case? in other words, with if let's

say we have 2 million on continuing claims and you had 250,000 on initial claims. would that be good news, bad news? in other words does that bring the fed into play? >> yes, exactly. good news for those for the president looking for a cut but not exactly what we want from a cut. what we want to see is inflationary numbers come down where they say okay everything is job market stabilized, inflation coming down we can cut. that was their plan getting the dual mandate. this is a little eye brow raising and concerning. charles: little less than two minutes so i'll hit two very popular stocks. crowdstrike reports tomorrow after the bell, but prior to that it was big time money, 26%, 11%, 12%, 11% so we know this can go either way. looking at the chart though it's making major breakout. how do you play it? >> price action leading into this earnings is telling me something otherwise with a nice rounded bottom and recovered from this disaster with the delta outage last summer and we made it all the way back and now we've broken to new all-time

highs. something is good from a risk reward setup any pullback and hold of 450 i want to get into this name. earnings, yes. they haven't done well but it's bounce back every time. charles: that's the key the other side of this broadcom. look at this , golly it's worth it because the last time its been up 7%, 21%, 8%, 21% only down once in the last year and a half and of course let's take a look at the chart. at a double top, are you concerned about that at all or would you be a holder going into the earnings? >> i'd be a wait and see and fading this move based on what nvidia did. nvidia is the big brother of broadcom. both trillion dollar market caps. people forget it's the top 10 stocks in the s&p 500 but it is at a very key inflection point. i would wait. i would buy a gap on strength and then my risk reward setup be great at 250 and this stock has 20, 30% to go. will it lead? it usually follows nvidia and this time, nvidia didn't make it to new highs. broadcom has a head of earnings.

maybe it's taking a lead that vmware acquisition starting to show signs of life on the software side so to me i want to hear what the guide is and what vmware is bringing to the table. charles: you already own the stock, you hold on right? >> right now, i've been in the stock, i'm out of the stock. i want to wait to see. i would buy it on the dip and buy it on a breakout. i like it that much over the long-term but now it's at a pivot point that if it does fall in, you have 220, 200 worst case scenario and i don't think it gets that low, you want to get back in the name. charles: absolutely, good stuff, jay. all right folks listen my next guest had a front row with president trump over the weekend, right? main street hero, selena zito, few people have the pulse of everyday americans particularly in the so-called rust belt. we'll talk about the backbone of america and how they see this administration, she's here to set the record straight on american exceptionalism. we'll be right back.

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charles: so i read a piece this morning from a highly-regarded wall street wiz that talked a lot about the demmize of american exceptionalism. he admitted that measuring it is difficult but believe me he's adimate it's going to happen and noted a couple of things to look out for.

near-term recession and really, the more of a recession also, higher inflation also he says are clear indicators and on that note he actually cited goldman sachs which is predicted 3.5% core pce. now we're at 2.5% now folks, and i've gotta tell you this is what is really absolutely amazing to me because we're a lot lower now than anyone thought we be three or four months ago. we were supposed to be around three now and i find it kind of odd when we were at 5.6% in february of 2022 no one on wall street was saying it was the end of american exceptionalism but yeah, but. then of course there's an imminent recession, it's really scary. listen no one likes recessions, but they had been a part of the boom/bust cycle from the very beginning. not even the promise of the federal reserve has been able to stop the boom/bust cycle and the good news about all of this is that when these recessions come, they have been shorter and shorter in duration. take a look. look at the thickness of the red

lines. those are recessions look at the last recession. it was a sliver. in fact, your average recession now is usually 10 months whereas the expansion and this is what you need to be focused on, not recession. what comes that? look at the big, big moves on the upside. 69 months versus 10 months of pain. i've gotta tell you, if this is the case, a recession only probably would mean we come out of it stronger, greater american exceptionalism and in the meantime, those same market pures are up in arms over the doubling of steel tariffs over the weekend. president trump was out promoting the blockbuster deal between u.s. steel and nippon steel and my next guest traveled with president trump aboard air force one so let's bring in washington examiner national political reporter selen axe zito. so you had a front row seat to the weekend. what stood out most for you? >> well, what stood out most for me, and if your listeners

aren't familiar with this , i'm from western pennsylvania and old enough to have lived through the collapse of it so seeing this rebirth of the steel industry, seeing this infusion of cash and workers into the mon valley, you saw a lot of enthusiasm and a lot of hope and a lot of let's get to work attitude and it was an incredible moment. it was an incredible moment with the president. i've never seen a sea of orange look more beautiful than it did at the urban works plant on friday. charles: you know, you hit on that this enthusiasm to get to work. a lot of people who are pushing back on president trump's to plans say well americans don't want to work. you can build the factories, but are they completely disconnected from true americans? >> they are disconnected. people love, you know, i would think in the middle of

the country, my experience has been is that people love to work. they love sort of that sense of purpose and being part of something bigger than self and so it's not just the rebirth of the steel industry, which as you know, charles, impacts a broad range of our economy from appliances to cars to bridges to roads. steel is a very much a part of everything that we do and we build and we grow in this country but i also, there is a rebirth in the old coal fired power plants which are being refurbished as natural gas power plants, and what are they going to power? they're powering a.i. data processing centers. that is a big boom out here in western pennsylvania and steel is a very big part of that. charles: it's so interesting because i was reading one of your pieces you said governor democratic governor josh shapiro called it, well he borrowed a

phrase from biden that's "a big deal" so he recognizes it. >> he did. yeah, absolutely. he's 100% behind it. both him and trump told me how they work together and talked. trump called him after someone sent them the governor's mansion on fire and an act of anti-semitism and to see if the family's okay and then as shapiro told me, we got down to business and we talked about steel and how important this deal was, so it was dave mccormick whose a republican, john fetterman a democrat josh shapiro a democrat and donald trump and with donald trump clearly having the lead on th this making this deal happen and you saw in that room generations of men and women who have been working in the steel industry who live in the community, and were filled with hope and excitement. not just for their own jobs but

for the jobs coming down the line, for their kids and their grandkids. charles: you know it's something about really really bringing, delivering the hope you're talking about particularly when it pushes back against wall street's narrative. wall street has a completely different agenda, what we saw what you saw firsthand is what america voted for. thank you so much appreciate it. hope to see you soon. now folks my next guest is one of the most highly-respected wall street analysts out there but she's actually based out of pennsylvania as well. i want to bring in capital partners llc founder kim forest. kim, by the way i know you own u.s. steel and we've talked about it before. it's spinning its wheels a little bit but look at this chart. we went to 2006 because this stock is at levels it hadn't seen in almost two decades. talk about what it means as a stock, talk about what it means for the community and everything. >> sure. well, i mean, it's a stock.

we started buying it in 2022 where it was around 13 to 17 bucks looking at it saying something has to happen here in 2023 something did and i think that's kind of like pittsburgh in general. we've been waiting for something to happen and maybe this is the beginning of a renaissance in steel making here with adding not just nippon's dollars to the area by buying this company and rebuilding it, but also, their technology to the mix because that's what we really needed here was just better facilities to make steel. charles: it's so amazing we gave all of that away in the name of efficiency and corporate profits. we gave it all away. i saw an attack on russia that says we better be doing a lot of things like reindustrializing our nation because we need to have industrial might to go along with a.i. might don't we? >> we do and i just think that it's smart for every industry to kind of look at its supply chain

and do a little supply chain management, having a single source anything isn't a good idea. charles: the golden shear what is that that the government gets? >> sure they get the ability to give thumbs up or thumbs down on shutting the plant down, on lower capacity. all of the things that we would want to have, because we're going to, the united states is largely going to be buying the product made by a japanese company here in america, so we wanted to have that lever of control and i think it's going to work. charles: would you say this deal is it a reflection of the end or just maybe the second american century? in other words, on wall street everyone is talking about the end of american exceptionalism. where do you stand on that? >> well i'm an equity person, so my glass is always half full and i think that america has not just the people that have ideas but we enable the people with

our laws, our courts which is really important in business, to have courts to adjudicate things like patents and that sort of thing, but also, we are a place that people put money into all around the world. we get money to then go out into our neighborhoods and build new businesses and venture capital and private equity. charles: i can't let you go without a stock pick okay? we know the other steel names are doing really well but you've got a local name, coherent. what is that? i've seen the ticker for a long time and never had a chance to look and see what the company does. >> sure. well their roots oddly enough are in steel but growing crystals for lasers that cut steel, so big industrial lasers, but they moved on from that. they make exotic materials, a lot of them work in optical networking and what uses a lot of data and optical networking? a.i.

so you know, this is a great local company that is in the heart of a.i. data movement. charles: all right, 15 seconds but i've gotta squeeze it in again. you love technology and been on tech stocks long before anyone else, mag7 is making a nice comeback, you still like it here? >> i do. i mean, who else is, where are the ad dollars going to go? back to linear tv? probably not so where the people are the ad dollars follow and by and large, that's mostly what the google and any of the search or social media companies are. so there you go. charles: kim, great seeing you thank you very much. >> thank you. charles: folks as you know, may etched itself into the record books and now the question is where do we go from here? a lot of things that feels like a slowdown beneath the surface a lot of bubbling up, right? the white house, economic data, david nelson has his eyes on a couple of things that should also be on your radar.

the good thing is, he's in studio with me next. we'll be right back. ♪

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just remarkable in so many ways. not only did the market crush it with that performance that will find its way into the record books but the earnings season was much better-than-expected i want to bring in bell point chief strategist david nelson and i want to start with the overall performance in may, the stock market. there was a lot of doom and gloom going into it and we saw the pessimism like aaii retail investor pessimism set a record like what is it 11 straight weeks of overall bearishness over 50% the prior record was four. it was doom and gloom and we had a huge month. >> i thought the turning point for me in the month was microsoft's earnings. we learned on that call 33% growth in azure but half of it, more than half of it was a.i. workloads and it told you the a.i. story was alive and well and even capex so everybody thought capex wasn't there. if anything it's not, the numbers aren't high enough. charles: it blew everyone away. overall earnings, so about 98%

of the names reported 64% beat on revenue, 78% on earnings, blended is 13.3% estimate. the could quibble with the revenue part and the revenues were so-so. >> you know there's a lot to do with the bottom line. you can always make that work out but the economists and the accountants are great that but the top line you either have it or you don't. charles: i was reading your note and you said this is the quote. can a.i., the question i guess, can a.i. bail us out and again we'll show just what the earnings were because you referenced this. this is the mag7. the earnings and the rest of the 493. everyone is saying get out of the mag7 all the big firms. get into the 493 but from earnings perspective it looks like you want to stay in the mag7. depends on the name. i don't paint them all with the same brush. there's a big difference between nvidia, alphabet and apple. if valuation was all that mattered apple be trading at $100. they have missed the a.i. train

at this point unless they got some secret project out of cuppertino, california but the other names are staggering these growth numbers what we saw come out of nvidia off the charts. charles: another thing we didn't hear a lot about sort of fading a little bit. yields, bond yields. we'll go up and it's the end of american exceptionalism so folks if you look at the edge of that chart we're pulling back a little bit. we had two really good bond auctions last week. the question is who would buy our bonds. to me that's the achilles heel is the bond market. we're running debt and deficits so large it has to be addressed. when i look at a chart of interest rates it's parabolic and that doesn't go get lost on bond investors. charles: the bottom line is bonds, because jim grant had called this two or three-years ago that we'll enter into a multi-decade secular bond bear market in part because of

the foundation. our government needs so much money to service the debt we've got that probably means we won't go see yields with a two-handle will we? >> right now the bogey is like 5% where there becomes a time we're looking at 6% i think it's quite possible. the dollar is the reserve currency, is not a given. i think jamie dimon is right on that. brics, brazil, russia, china, south africa many more countries with a lot of transactions being done so it's a big concern. charles: although, we're still dominate by far. a lot of these -- >> it's still massive for us but talking a decade down the road but it's important. charles: less than a decade down the road all eyes on the white house. potential call with president xi of china, tariffs, you know, the news there and of course the big beautiful bill. how do you see it playing out? >> i think the call with xi is pretty important and we worry so much we're one tweet away from the market going down a thousand points and one tweet from

the market going up a thousand points. the call is pretty important. charles: auto desk is a name you like? >> it is. i try to look at the names benefiting from the overall sec it harry reed trend and auto desk is not the guys that build the data centers, but the software with the data centers to build these massive infrastructures and look at the revenue growth over the last several years double-digits every year. this is at a reasonable price i'd own this stock. charles: t.j. max that's an interesting one because the last two weeks have been really hit or miss for retailers if you made it good if you didn't you got punished. for me this is the wife and girlfriend factor. when i go into home goods with my wife, she's vibrating because of all of the deals she sees and she knows if said doesn't buy that item right now it's not going to be there tomorrow so it's the urgency factor. charles: listen my mom hit me with the t.j. max and burlington and i made more money in those stocks thanks to my mom. good stuff, my man see you real

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charles: folks, we have breaking news for you, sources telling fox business that the u.s. trade team sent a letter to countries asking for the trade offers by wednesday. now, it's unclear which countries got the letter but it was sent to multiple countries, currently negotiations happening with the united states. we talk about or think about the wiz some of founding fathers and obviously marvel throughout the nation and the confidence of

u.s. courts crashed and this is before the current term and it really started awhile back and trajectory lower and lower and it's taking an interesting path and this path is diagnosal life-threatening down you aren't president bide and why is it happening now? it'll do nothing but guarantee them by an independent and virtuous judiciary. after all the lawfare run amuck during the biden years and courts being 181 times against the trump agenda and whether the judiciary and indeed virtuous. trade now is back on the rise

and things happen inside the white house going for them and it's legal intervention and going for them. >> trying to stop president trump pushing through the tariffs going through them igniting to get to that and now the court was acting in a way that brought uncertainty with the process and now if you're a judge and don't like trump's policies, that's your right as a american. you're supposed to strictly apply the law and not play legislature and not play president, and give the president and the cobb the respect due to upward mobility of the constitutions and the problem that the courts have having now in terms of their public perception is if you act like a politician, the public will treat you like one. the courts in my view is their reputation plummetting among the

public and they need to take control of the reigns here and reign in the lower courts acting like committee men in congress opposed to neutral jurists. charles: certain judges and i know their decision will be made and certain cases and anything involving trump, there's certain judges and once he see it is, i know what the outcome will be and i suppose the white house must know as well but the public knows and this is after all that lawfare, i'm concerned about the idea this that is the foundation of the nation. >> yeah, judicial lawfare in some respects and by in large using friendly courts to hamstring the trump administration policy initiinitiatives and endorsed by votessers through an election and no one voted for them to be president and voted for tram top p president and powers he's exercises in accordance with the

constitutional card and judges don't like it and rather than sticking to the usurping power, the congress doesn't give them. charles: how do you see things coming out and everyone is a lawyer and everyone is an expert on tariffs and section 122 and section this. how does tom fen tton see it playing out? >> not a lawyer but watching the courts and trump will win some and lose some and win more before the supreme court in terms of vindicating the core constitutional powers to run the government. saving taxpayers money and policy and protecting the border

and protecting the country from invasion and matters like that. it'll be about the road who i hope the court doesn't undermine the legitimacy for the meantime and going to speak for them and second guessing the presidencies and what was legitimate and not legitimate going for them and feels like it's been looked into and investigated and feels like we could have court dates here real soon and the legitimacy with the last part of the biden administration. >> yeah, given the crazy nature of the pardons going for that and it's the pardons that we have never really seen before and american history suggesting

this evidence and going to takek about it that the media blessed discussion and how policies made at white house and presidential level and they're guiding his hand going for them and specific record order guiding his hand and taking control of the auto men and making policy without presidential approval and other big question was was he able to give the approval in terms of having the challenge and going for them and heading to liz. charles: now it's the last hour of trading. liz: yeah, a couple of headlines swirling and the budget bill and going with any moment and senate pounding gavel with the live picture of senate floor and they will officially mark the start of senator