're also delicious, easy to use and affordable. that's why force factor is now the number one best selling herbs and supplements brand at walmart. unleash your potential with force factor at walmart. >> i'm not very confident that the market's going to continue to rip hire. i think you're going to see a lot of.com notes start -- dominoes start to fall. >> the market has now fully recovered its losses from the v svb banking crisis. i think it's not a straight line up to the right. >> biden, with his war on fossil fuels, has made us energy dependent, and it shows you the failure of biden's policies. >> there will be several reasons this should be dismissed.

we're all kind of seeing this is a waste of time case. my faith in the judicial system is a bit jaded at this point after a couple of years of representing trump. >> i think the democrats like this and that they want some bait out there. but if anybody's ever been to the a maga republican event, it's the peaceful. they're waving flags, not machetes. it's a farce of a charge, but, you know, they have the right to protest a too. ♪ ♪ something big out there is happening ♪ stuart: well, well, well, big day. [laughter] not many people on fifth avenue this morning. i wonder why in all right, it is 11:00 on this tuesday, april the 4th. all right, check the markets. i've got red ink. dow's down 160, nasdaq's down 35. that is not a reaction to the trump arraignment at all, it's got nothing to do with the trump

arraignment. big tech, mixed picture. some up, one down. apple is down but the rest of them are on the upside. yield on the 10-year treasury, always important, it is going downed. that's significant -- down today. maybe a little flight to safety. money pours in, price goes up, yield comes down. you're at 3.37 on the 10-year treasury yield. now this. when the action starts, things will move quickly. the schedule keeps changing, but this is what's gonna happen: trump will emerge from trump tower on fifth avenue accompanied by secret service agents and heavily guarded by with new york police. a small, pro and anti-trump crowd has gathered already. expect some reaction when mr. trump appear ifses. the motorcade then sets off for the courthouse downtown. streets blocked off, but he'll have a quick ride. we'll see how the people on the sidewalks react. remember, this town voted 85% existence trump. he arrives at the courthouse after 2 p.m.

hard-line trump supporter marjorie taylor greene is there holding a demonstration. check the crowd. how many people can the pro-trump people bring out in new york city? good question. he goes to the front -- he goes in the front door, he'll be formally arrested, fingerprinted, no handcuffs, mug shot, don't yet know. if there is one, it'll be used by both trump and the democrats. in the courtroom his defense lawyers will ask for the case to be dismissed outright, then they'll ask for a different judge. they will certainly ask for d.a. alvin bragg to be removed on the grounds that he has said publicly that he's out to get the former president. there may also be a motion canning the judge not to impose a gag order. at some point the report of 34 felony charges will be read, and trump will plead not guilty. d.a. alvin bragg holds a news conference afterwards. what's he going to say? don't know. trump's motorcade heads back to

his plane, he takes off at 3:30, arrives in west palm beach, 6:30. two hours later he speaks at mar-a-lago. what he will say, we don't know because there may be a gag order on him. this is a unique occasion, and you'll be able to watch all the way through on television. i'll be paying particular attention to what alvin bragg says. i expect to hear a lot about how trump, quote, must be held accountable. okay, can does that mean twisting and bending the law so you can prosecute a man, not a crime? i'll be listening to trump at mar-a-lago. what will he say about his arrest? if he's under gag order, what's he going to the say? and i'll be watching the crowd. in a trump-hating town the, how many supporters does he have? the third hour of "varney" starts right now. ♪ ♪ stuart: joining us on this historic day --

[laughter] the man himself, guy benson joining us this morning. the polling shows a majority of people approve of the indictment, but they say politics played a big role. so, guy, how does this whole day play out politically? >> it's sort of counterintuitive to some extent. you have most people saying they approve the indictment even though we don't know exactly what's in it yet. but they also feel like it's political. i think that the first point is more of an overall approval rating of donald are rump. because people who don't like him like the fact that he's indicted. whether it's the fair or not. but there's enough fair-minded people out there who recognize politics, obviously, is playing a role especially in this alvin bragg case. so if you jump way ahead in 024, the first number might be more of an indication of how people are feeling about him as a political figure p but that second point about politicizing, i think, could very well play a role in how potentially a jury might see the actual facts of the case. stuart: because you're going down the road on this thing.

there's legal troubles still to come. there's the mar-a-lago documents case if you want to call it that, there's the georgia case. all of these will be explored legally in the months to come, in the year to come. i suspect that trump may pick up some more support if there is a feeling that they're just trying to get this guy in the middle of a presidential election. >> and i think it probably helps him and helps that case given the fact that this is the case that's going first. it's the weakest case. i think everyone, even people on the left, many of them, recognize that it's politics at play. alvin bragg has looked at the exact same facts that many other investigators looked at including the feds and can't decide to prosecute. so for this to be first out of the gate, i think, might make it politically a little bit easier for the trump team down the road let's say there are more indictments coming or rumored indictments from georgia or the feds saying, here we go again. witch hunt, out to get him. even though some of those cases might be stronger, if this one is first and -- which,

obviously, it's going on the, i think that weakens all the prosecutors' hands at least from a pr standpoint, and that matters in this kind of stuff. you're talking about politics as well. stuart: it certainly helps him in the primaries because he's got in this bloc of voters that aren't going to leave, they may expand. he can knock them all off gradually and win the nomination. what i'm hearing is, yeah, he'll win the nomination, but he'll lose the general. what says guy benson? >> well, he could win the nomination. right now he's clearly the front-runner. there's a long time between now and iowa, for example. and taking this snap snapshot in time, if the primaries were held tomorrow, i think clearly trump would be the nominee. let's talk again in five, six months and see how things are looking. about general, who knows? people were wrong about this in 2016, of course. the circumstances aren't exactly the same, and that 60%-ish number who support this indictment, right, if you extrapolate that to the general electorate, how many of the people telling pollsters that they are glad he's been charged with a crime, some of who agree

it's political, how many of those people are going to be the willing to vote for him for president? if that's something that republican voters, i think, have to think about in the months ahead. stuart: that's a very good question. joe biden, "politico" puts out this report saying he might not decide whether he's running again until july, maybe even the fall. i came out earlier this morning and said he's not running again, he can't. he's too old, and he hasn't got a decent record. [laughter] i'm out on a limb. what say you? >> you're right about his record, it's bad. of course, his record being bad wasn't really enough for his party to get shellacked in the midterm elections. i think he probably is running again even though deep down it's like, really? stuart: he can't. >> six more years of this guy? stuart: he can't. democrats won't let him. >> i think that they very well might, and i think right now the strategy could be we're not in any rush to announce a re-election. they are very pleased to have trump front and center right now sucking up all the oxygen. in fact, that was part of their strategy in 2020 the that worked out pretty well for them. so i think biden's happy to sit back and really freeze out the

field. if he hasn't made a decision yet and he's probably moving there, have you seen any major names making any serious movesesome. stuart: newsom. >> he wants to, but i'm not sure he's going to pull the trigger. i think he might be setting things up just in case, but biden is the front-runner. uprooting an incumbent president is really, really hard, especially if you start running out the clock. lauren: especially if kamala's your vp -- stuart: there you go. lauren: it's a bad look for democrats if they don't run together. stuart: the older he gets, the likelihood of a presidency for harris, people don't want that. >> is newsom better than biden? stuart: that's a very difficult judgment for me to make. the left-wing radical from california? i could easily do that, or son. [laughter] guy, thank you very much, indeed. very good discussion. it went on for a long time, and it was good. that was much longer than the normal interview on this show.

all right. check the markets. the aforementionedded, the person who just raised his voice, mike murphy -- lauren: your time is cut now. stuart: yeah, you just lost a few minutes. >> thanks, guy. stuart: the market wants to go up, am i wrong? >> no. the market and the nasdaq has had a big rally year to date, now the s&p is following suit. a lot of negatives out there, but the market wants to go higher. people want to put money into quality names. stuart: just to confirm it, i don't think this indictment or the arraignment today has anything to do with reit. no repercussions on wall street. am i wrong? >> i think for right now you're right. but if this gets further along, stuart, and you have republican lawmakers starting to bring cases against democratic leaders and our country just starts i don't like you, so i'm going to bring charges against you and arrest you, that weakens the country at its core. so it could ultimately have an effect. right now, no. stuart: you're right.

mike, stay there, please, with me for the hour. lauren's got movers, and we're going to start with a chinese company, jd.com, which is up 2% -- down 2%. lauren: yeah, the chinese movers are down, speaker mccarthy meets with the taiwanese president in l.a. tomorrow, china is warning don't repeat past mistakes. the tensions are very high, these shares are obviously down. stuart: wwe, the wrestling people. lauren: yes, they're combining with endeavor, the ufc people, to form a new parent company that has yet to be named, but i love the ticker, tko. stuart: technical knockout. lauren: that's what it stands for. stuart: wrestling's combining with the ultimate fighting people. that's what they're getting together. stuart: that's a lot of fighting. stuart: not my taste, but you see these popping up up all over the country.

heroin lauren extra space storage buying life storage to create the largest storage operator in the country by location. so interesting both stocks are up on this. usually one is down, one is up. stuart: mike murphy's got investments in just about every industry many america. you in the storage business? >> not yet. [laughter] i love the space though, but a lot of other people do too, so prices are going higher. it's residual income. once you take a space, they just charge your credit card every month and very low cost of running the business. stuart: way to go. lauren: and is most people don't cancel, because then you've got to deal with your stuff. stuart: speaker mccarthy refuses to the take a republican candidate for if 2024. watch this the, please. roll it. >>st the tough when you get in a competition, but members should really see whoever runs -- lots of times whoever the front-runner is today is not nominee. stuart: was that a dig at trump? newt gingrich will discuss that. he's on the show later. donald trump spending the

morning at trump tower before his big day in court. former trump campaign manager corey lewandowski is with us. trump will give a speech when he returns to mar-a-lago tonight. ashley webster is there with a preview after this. ♪ ♪ - double check that. eh, pretty good! (whistles) yeek. not cryin', are ya? let's tighten that. (fabric ripping) ooh. - wait, wh- wh- what was that? - huh? what, that? no, don't worry about that. here we go. - asking the right question can greatly impact your future. - are, are you qualified to do this? - what? - especially when it comes to your finances. - yeehaw! - do you have a question? - are you a certified financial planner™? - yes. i'm a cfp® professional. - cfp® professionals are committed to acting in your best interest. that's why it's gotta be a cfp®. find your cfp® professional at letsmakeaplan.org.

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i've gone from a size 12 to a 4. before golo, i was hungry all the time and constantly thinking about food. after taking release, that stopped. with release, i didn't feel that hunger that comes with dieting. which made the golo plan really easy to stick to. since starting golo and release, i have dropped seven pant sizes and i've kept it off. golo is real, our customers are real, and our success stories are real. why not give it a try? stuart: following his arraignment this afternoon, trump will return to the mar-a-lago. well, ashley webster is there. trump plans to speak tonight. any idea what he might say, ashley? >> reporter: no, i wish i could give you the contents of that speech, but it hasn't been written yet. let's face it, we've got to wait and find out what happens this afternoon in that manhattan

courtroom. but regardless of what happens, you know we're going to the hear pretty much the same rhetoric. in fact, the form orer president putting out a tweet on his truth social platform using such expressions as unfair venue, highly partisan judge, kangaroo court. he even told manhattan d.a. alvin bragg to the indict himself. i suspect we're going to hear a lot of that that tonight, a lot of talk about political witch hunts, political hit job, political persecution. it will all be in there. donald trump will not hold back, for sure, on the. but interestingly and to old the up on your discussion with guy benson, he has gotten a from this indictment. on the money side, take a look at this. the money raised by the trump campaign now exceeding $8 million and rising as we peek. as we speak. there are analysts who say, look, there is definitely a rally around the flag effect going on here. the gop have closed ranks, even those gop leaders who have clashed with trump, jeb bush, marco rubio, ron desantis,

have all come to his defense. and interestingly, don peoples, he was the former -- peebles, he was the former campaign fundraiser for barack obama, he says he has no doubt donald trump will indeed get a boost are from this payment. >> i think it'll play to the narrative that donald trump is saying they don't like him for what he's fighting for, what he stands for and what his agenda is. and i think that agenda is going to be the more powerful. and that's why you see him moving up in the polls. postindictment, he's opened up a bigger lead against ron desantis whom i do not think will run, ultimately, either. >> reporter: well, that's for discussion, whether desantis runs or not. but no doubt the polls are showing that donald trump ahead among republicans. so tonight will be very interesting, stu. i wish i had a ticket, i do not. but, of course, it's his opportunity again to speak out, speak to his base and maybe what woo some of the undecided

voters. but there's a long time between now and the primaries, 18 months to the general election. it's never a dull moment with donald trump. back to you. stuart: i wonder what he he says if there's a gag order on him. i can't imagine. >> reporter: yes. stuart: ashley, thank you very much. former house speaker newt gingrich is with me this morning. you wrote the book call called "understanding trump." do you think trump wants spectacle that this has become? >> well, i think trump understands the value of spectacles. [laughter] i don't know that he wants this one, but nobody in modern politics has been better at dominating the news media, dominating social media, and he puts all of his potential rivals in, you know, they disappear. he absorbs all the energy in the room and has cone it brilliantly for the last two weeks and, frankly, he sets up -- he doesn't set it up, but he's now caught in a situation where your choice is simple.

you're with the deep state, the corrupt, dishonest or you're with donald trump. well, given that division, it becomes almost disloyal to not be supportive of trump. and i think the comments, for example, that were put out this morning by the chairman of the judiciary committee and homeland security committee who said you can't have a gag order, and i think jim jordan was exactly right and congressman comber was right, they can't gag a political candidate. it violates first amendment. i'll be very interested to see how the judge tries to do it k. and my advice to trump would be, ignore it. you are an american citizen despite nancy employees pelosi't that you have the right to prove your innocence. that's totalitarian, it's extremist. you are innocent until proven guilty, and in this particular case it is such a rugged case -- rigged case that almost nobody thinks it's a serious case. this is pure politics. stuart: i have to come back at you with the same question i've

asked most of our guests over past couple of days, and that is, trump looks likely to to win the primaries but cannot win the general. that's a broad comment, but what do you say, newt? [laughter] >> i say that's nuts. [laughter] stuart: okay. >> you know, you could have said that about ronald reagan in 1978 or '79, you know? he can't beat jimmy carter. well, he crushed jimmy carter, largest electoral defeat of any incumbent president in history because people, ultimately, when you get to 2026 people are going to look at hair wallet, they're going to look at their job, they're going to look at the disaster on the border, they're going to look at the world slipping away from america and the chinese and their dictator allies becoming more and more powerful, and they're going to say you really want four more years of joe biden and kamala harris and a continued decline of america? and what's beginning to build is concern and i'm ago talking to you from des moines, iowa, where i asked a whole series of

republicans yesterday how had this state gone from being very competitive to being extraordinarily republican? every single one of them said it was the democrats. common sense iowans look at these extremists and say, no. i think by the summer of '26 people are going to look at the total failure of the biden administration and the corruption of the system, and they're going to say, no. and no means donald trump -- if no means donald trump, they're going to pick donald trump over an fbi, a border control, all the different things you and i know that are literally corrupt and that are stunningly dangers for our future. if. stuart: do you think -- we've got speaker mccar mccarthy here. he steered clear of backing anyone in the 2024 race. just roll that tape, please. >> you want somebody else mt. white house, right? so you've got to understand, too, what's the debate going to be the about? the all the things that biden has done that somebody else can cobetter. and so it's tough when you get in a competition, but members should really see that whoever runs -- and lots of times

whoever the front-runner is today is not the nominee. >> note, he did not say trump nor desantis in that entire thing. that was very slick. [laughter] stuart: as a former speaker yourself, newt, what do you make of that statement there? >> i think speaker mccarthy is exactly right. his job as speaker so to unify the republican party and, frankly, he's gotten 86% of his bills so far, he's gotten democrats to vote with him. now, if he can offer a reasonable republican party versus an extremist democratic party, that's his job. and then he's going to work with whoever the nominee is. i think if you ask him in private, he'd say it's probably going to be trump. but whoever the nominee is, the republican speaker of the house has an obligation to work with them to make sure we win the general election at every level, white house, senate, house. and i think that speaker mccarthy's off to a prettied good start, and he has exactly the right position. stuart: newt gunning rich, all good stuff today. thanks for joining us.

thanks very much, inkeeled. back to the markets now, i see the dow, bottom right-hand corner, is off 200 points. walmart, ever so slightly lower. we've got a few companies announcing layoffs this week. take us through the series of layoffs, please. lauren: they're the biggest private employers in the country announcing layoffs. walmart, to begin. bloomberg is reporting over 2,000 job cuts at 5 pull filament centers, so those are warehouse worker. apple reports a small number of job cuts among their corporate team that helps run the stores, so that's retail. mcdonald's reports hundreds of corporate employees will be let go and told of their departure virtually. and virgin orbit filed for chapter 11, couldn't find a lifeline. sad news for a lot of people. stuart: yeah, it's. thanks very much, lauren. now, here we go, the dogecoin dog is the new face of twitter. musk rolled out the new look and sent dogecoin soaring.

some people think it's just a late april fools' joke, but we will try to deal with it. former president trump's campaign says they've raised $8 million since his indictment. that doesn't seem like a lot of money, to me. trump's former campaign manager, corey lewandowski, joins me next. ♪ ♪ thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade

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stuart: on the markets this morning, the red ink is getting a little bit more severe. got it. susan li's back. what's moving the market this morning? susan: let's talk about banks because we have the most influential banker in america many, jpmorgan's ceo, jamie dimon, in his annual shareholders' letter saying the current banking crisis isn't over. he says that the current crisis right now is that it is not over yet and audiotape even when it is concern and even when it is behind us, there will be repercussions for years to come. market odds of a recession have now increased, and while this is nothing like 2008, it is not clear when this current crisis will end. the bank stocks are down across the board. first republic, one of the most heavily traded stocks today, remember that stock is down about 90% in march from that svb

collapse and also, of course, they're looking for some funding and a possible buyer here. also you have higher odds now that the fed will pause on interest rates next month after those february jolts numbers, job openings, went sub-10 million percent pairs time in the almost two years. you've been talking about this, bank of canada joining bank of australia and pausing rate hikings. and as you now, global central banks pretty much follow each other. stuart: yeah. so maybe the fed will follow the canadians and australians, maybe. susan: 57% saying we will pause. i just checked -- stuart: that should be better news for the markets. maybe it's jamie diamond that's got 'em down. tell me about evs, electric vehicles. susan: tesla, interesting price action because they had some blowout china delivery numbers in march. 89,000 china-made evs, and that's more than four times, that's more than, wail, the entire next four local china competitors combined. [laughter] so, yeah, that's right.

u.s. carmaker winning the chinese market. ford also said first quarter sales increased by 10% and also gm says cost cutsing will at the higher end of their targets. sawrt institute tell me about walmart's investor day. susan: first of all, it's being held in tampa, florida, which already i found pretty interesting, not in arkansas, right? [laughter] but, yeah, here's thing, they're talking a lot about digital and online sales. and you know that amazon, of course, still has market lead when it comes to online. then we have shopify, second largest es-commerce player, and itty, i think, is helping -- etsy is being upgraded to buy at piper sandler, worth $140. and that's because their margins have improved, business is back and people are back to spending. stuart: susan, thank you very much, indeed. next case, here's the elon musk headline of the day. elon has changed the twitter icon from a bluebird to the coaj coin meme. some people thought it was an april fools' prank, but the

value of the coin is up this morning. i believe it's the up about 30%. mike murphy, still with us. this is what scares me about the crypto market, fors it's all over the place. it's based on nothing, and and you've got coaj coin up 30. what's going on? >> i agree with you, stuart. i think what elon musk is doing with twitter is phenomenal, but when you have cryptocurrencies and, remember, you have people at home investing their hard-earned money, simes their retirement money, into certain crypto assets that can have wild springs of 30% or more concern swings based on one person's tweet, that's a place where you have to be very, very careful. some people think it's the wave of the future or something that's going to go up or bitcoin going to the 500,000. it may. it'll get there without me, but i think people have on the very is, very careful in where they're putting their money because these swings, they could go south, and people could lose a lot of money. stuart: yeah. i put some money into etherium for one of my grandsons. i shouldn't have cone it.

>> no. we should have talked. stuart: all right. let's get back to the trump indictment, why not? s the happening today. former trump campaign manager is corey lewandowski. he's joining me now. corey, how because the indictment play out in 2024 the? newt gingrich just told us he expects support for trump to grow especially when you look at biden's record. what say you? >> the public polling data and the private data we've now seen since this indictment came down last week indicates that donald trump is continuing to you his lead in the republican primary field. not only is he taking votes away from ron desantis, but he's taking them away from nikki haley and unannounced candidates like mike pence. this indictment has done two things. number one, it's grown the republican field closer to him, meaning those rank and file if individuals who support donald trump because they believe this is a politically motivated indictment. and, number two, it's given him a massive influx of money primarily from small dollar coe the nors, 25% of which are

first-time donors to the president, and he's been on the ballot now on two separate occasions. 25% of the donors that have given to the him since this indictment are brand if new. that's a very positive sign for donald trump. stuart: corey, i don't mean to downplay this, but he's raised -- 8 million since last thursday. that doesn't seem like a whole lot of money to me. maybe i'm too used to the $10 million contribution and the $100 million here and there. $8 million ain't that much, is it? >> in the grand scheme when you've got to raise a billion or billion and a half dollars to run for president, it's not. but what we've seen over the course of the last eight years is that those small dollar donors are the ones that funnel the money into his campaign that have fueled his rise. donald trump has never been that individual, particularly in the 2016 campaign when i was running it, where these major institution alcoa nors would be giving him large summings. he has relied on small dollar donors who make those contributions on a monthly

basis. stuart: he got 74 million votes in 2020 the, do you think all those 74 million people will vote for him again in 2024? some of hem wail don't like him. >> i think you're right, institute, but you have to look at who's on the other side of the equation, and you have to ask the simple question, are you better off odd the hand the you were four years ago? and by every economic indicator, the answer is no. people may not like the way donald trump portrays some of his messaging, but they love his policies. you've heard that now from multiple candidates that say it's the same donald trump policies would want the chaos. the american people want stability, they want the opportunity to have is safe homes for their kids and safe schools for their children, they want to make sure we're not in these endless wars, and donald trump provided that for the four years he was in the white house. people are remembering just how important those four years were, and they're looking toward to -- forward to someone who can do that again for them. stuart: i ruffled a few feathers this morning when i said joe

biden will not run again in 2024, the democrats won't let him because we've got the risk of kamala harris. he's got his age, and he's got a rotten record. are you with me? >> look, if joe biden doesn't run, i think the democrat mom. knee is actually gavin newsom. i think he's more well liked in the sate of california, he's even more progressive than kamala harris, and we have seen kamala harris' fay yule -- failures as the vice president time and time again. i i think she would have a real fight on her hands for the democratic nomination. i think gavin newsom is positioning himself if joe biden doesn't run to get into that fight, and it will be a wild west campaign which we'd love to see on the republican side. stuart: i sill don't think biden runs again. i don't think the democrats will met im -- let him, but that's my opinion. corey, it was great to see you after all these years. see you soon. >> thank you, stuart. stuart: you got it. new yorkers are split over whether trump will get fair if recent in this city. roll tape. >> i think the government is

messing up. i think, like in 2016, i think it's going to backfire. >> he's guilty as well, he knows he's guilty. it's all tactics. stuart: okay. a split opinion right there. we're monitoring trump's arraignment all day on fox business. here we go again, arguing about the budget and the deadline as it looms. we've seen this before, and i'm sure we'll see it again. but mark meredith will bring us up to speed on the latest standoff, if you're interested. we'll be back. ♪ i little less conversation, a little more action ♪ sfx: [alarm]

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stuart: the defense department has announced four new military sites in asia. lauren, i presume this is to counter china, but you tell me where the bases are going on. lauren in the philippines, yes,

to counter they that. there are four new bases. you can look at the northern part of the philippines, so two are about 300 miles from taiwan, and then one over there in the southwest, a strategic move for joint training and military readiness. stuart: got it. thanks very much, lauren. show me the price of oil, please. earlier it was at $81 a barrel, now it's just over $80. earlier this morning patrick dehaan, the gasbuddy guy, he was on the show. what he had to say was dynamite. he's expecting a spike in gas prices in ohio and the midwest. that's an immediate spike of 20 to the-30 cents a gallon immediately. and he says florida's going to be joining them pretty soon. mike murphy, that's dynamite stuff and it's bad news. >> it's very bad news for the consumer, stuart. you know, or you talk about these layoffs that help corporations' stock prices, but remember there are people who are not going to have a source of income any longer. so now their interest rates are higher. now they're going to be paying higher gas prices.

all these rate hikes that came from the fed, we've weathered them so far, but if they keep doing it, they're going to break some consumers. heir going to make people not be able to make their proverbial ends meet, and that's bad, and i don't think we need it. this is just something else. this move by opec, to me, seems very calculated because it can hurt the american people, the american consumer in a way that under normal circumstances it wouldn't. right now they got us and they got us good. stuart: if you're in ohio, run out and fill up your gas tank now because it's going to cost a lot more tomorrow morning. okay. mark meredith is with us. mark is at the white house. i don't know whether you know what's coming, but i've got something interesting for you. ing wait for it. [laughter] you have the very difficult task of making the debt discussion interesting. i want you to regale our viewers with interesting material. >> reporter: yeah, stuart, we've been practicing a cannes to demonstrate -- oh, wait, no, i can't sing or dance. [laughter] how about i smile and try to get

through in the best i can, brother. good morning to you. we are seeing the stalemate continue when it comes to the negotiations over debt ceiling, and and the attacks seem on the getting more personal by the day. take a look at a tweet put up yesterday by is speak speaker many which he was going after the president saying rather than spend six hours on a plane for a campaign event, you should meet today to address america's runaway spending. i'm ready, let's get to work to save taxpayers money and grow the economy. the between was a reference to a trip the president took just yesterday to minnesota. we were there with him. but the visit was not a campaign event. instead, it was a white house speech touting clean energy investments tied to the inflation reduction a act. but during the speech the president did take the a swipe at speaker. take a listen. >> the maga republicans in congress threaten to undo all this progress. they're putting our economy in jeopardy by threatening to refuse to pay america's bills. >> reporter: while the white

house and speaker mccarthy remain at a standoff, there are reports a group of sent centrist democratic house makers want to make a deal. politico saying the rogue band of moderate democrats has spent weeks conducting a deal with centrist republicans in case the country goes all the way to the brink of the debt ceiling. but it's unclear whether or not either the house republican leadership or the white house would entertain the any sort of compromise at this point. it's simply too soon to tell and, of course, the house is on its 2-week recess right now. so, stu, even if they wanted to talk about the debt ceiling, those leaders are not in town to do just that. how about two weeks off? i can offer you that instead of a joke or anything else. stuart: actually, mark, i think you did very well. you didn't know really what was coming at you, and you did well. i think we kept our viewers, which is very important in television. mark meredith, see you again soon. [laughter] if you're really lucky. show me the dow 30, sense of the market. one-third up, two-thirds down,

roughly speaking. dow's off nearly 200 points, 33,400. all right, let me show you trump tower. that's where former president trump spent the night. he'll be arraigned in new york city courthouse this afternoon. former manhattan d.a. elliott fellig will be walking us through the trump day in court right after this. ♪ muck. ♪ ♪ conversations or moments that matter, but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence. a ballet studio, an architecture firm... and homemade barbeque sauce. they're called 'small businesses.' but to the people who build them there's nothing 'small' about them. that's why at t-mobile for business... you'll save more than $1,000 versus verizon. and with price lock guarantee,

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i screwed up. mhm. i got us t-mobile home internet. now cell phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by with their phones. oh i can't hear you... you're froze-- ladies, please! you put it on airplane mode when you pass our house. i was trying to work. we're workin' it too. yeah! work it girl! woo! i want to hear you say it out loud. well, i could switch us to xfinity.

those smiles. that's why i do what i do. that and the paycheck. i screwed up. -mhm. i got us t-mobile home internet. ah! now cell phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by with their phones. oh i can't hear you... you're froze-- ladies, please! you put it on airplane mode when you pass our house. i was trying to work. we're workin' it too. yeah! work it girl! -woo! i want to hear you say it out loud. well, i could switch us to xfinity. those smiles. that's why i do what i do. that and the paycheck.

stuart: wouldn't you know it, new yorkers or are split on whether trump can get a fair trial in manhattan. what are they saying, lauren? lauren: 86.7% of manhattan voters voted for biden in 200, but folks from all over the country come here, and most were ecstatic that this is happening to trump. >> -- here today to greet donald trump on his, hopefully, his long ride downtown where he will be arraigned, hopefully convicted and then imprisoned. >> i think the government is messing up, and they think that this is going to help not get trump elected again. and i think, like in 2016, i it's going to backfire. >> according to trump the, he won't get a fair trial anywhere.

he's guilty as hell, he knows he's guilty. it's all tactics. lauren: yeah. so we'll see if his defense asks them to change the venue, but even if they ask, it's unlikely that the judge grants that. stuart: let's bring in someone who really knows what they're talking about on this issue is, shall we? his name is elliot felig, he's a former manhattan district the attorney, is that right? >> -- i worked in that very office for 13 years. stuart: what's the significance of trump hearing concern hiring, i think just yesterday, a new defense attorney, todd blanch? what's significance of that? >> he did successfully defend paul manafort he's got a background in federal law because even though it's a state charge, it's based on a federal statute, one of the reasons i don't know why it's in state court, so it makes sense. stuart: okay, take us through it. he goes downtown, cameras following and all the rest, obviously. he walks in the front door of the court courthouse. what happens then? >> he's going to bees processed in the d.a.'s office where

they're going to do the usual arrest-related mainerwork. stuart: mug shot? >> i anticipate that, yes. and then they're going to take him into the courtroom on the 15th floor. arraignments tend to be anticlimactic affairs. in a typical case, you could have an arraignment in 90 seconds. don't expect fireworks in the courtroom today. arraignments, you're just given a copy -- the case gets called in, each lawyer puts name name on the record. the judge or a court clerk hands a paper copy of the indictment to the defense attorney, and then they just set a motion schedule. the only substantive lawyering that sometimes happens is an a argument over bail, but this is a low-level offense that's not bail-eligible, so even that won't happened today. stuart: okay. trump has put in -- i believe he wants to move the case to staten island. >> right. stuart: he wants the judge dismissed, he wants the case dismissed. so will he get any of that? >> so the real lawyering will happen after today, they're

going to do what's called an omnibus motion which is going to ask that the case be dismissed on various grounds. they'll probably argue for a change of venue, a argue that it violates the a statute of limitations, and that's the real meat of the case in terms of the lawyering. so what the judge is going to do the, set a schedule for him to the file those motions, set a schedule for the prosecution to turn over what will be a big volume of discovery, and the case is going to get kicked over for a couple of months. stuart: do you think it will appear fair? when he walks out of that courtroom and maybe he addressed the -- addresses the crowd can, i don't know, will america look at him and say, yeah, you've been treated fairly or unfairliesome. >> well, look, he's relishing this so far. he's raised a ton of money. people were saying maybe he actually wants to be handcuffed for the spectacle of it, for the theater of it. so, yeah, it's going to benefit him potential wily in the short run. it certainly is the weakest of the various cases that have been pursued or discussed in relation to him, so it gives him a basis to claim that he's been unfairly

prosecuted. stuart: i understand that a gag order is standard procedure. will there be a gag order on the former president of the united states? >> i can't see it because the first amendment implications of a gag order in this case are unlike any other. so i don't think there would be a gag order. if there were one issued by the judge, it would be appealed. i don't know that it would hold up. you can't have a guy running for office with one hand tied behind his back. stuart: there may be no fireworks in the courtroom, but when he walks outside if he creases the crowd, i'm not suggesting there'll be fireworks, but there will be some reaction. >> oh, or yeah. the real problem will be outside the courtroom. stuart: got it. i think it's a sad day for america. right? >> i completely agree. i don't know anyone who doesn't think it's politically motivated. and if you are against trump, be careful, because the same politically motivated people could come after you next. stuart: do you think that's true, elliott? >> absolutely. i would imagine there are prosecutors who are licking their chops thinking, okay, how

can we weaponize the system, how can we concoct a case, because that's what it is, a concocted case. stuart: sad day for america, lauren simonetti? lauren: yeah. i think it's a sad day and a big day for america, and i think this imabout pass -- impacts every democrat or republican running for office going forward. stuart: all right. i've got to somehow or another move from this intense discussion to the tuesday trivia question. here we go. oh, boy, what a question. in which country does the easter bunny originate? usa, united kingdom, germany, itly? food for thought, ladies and gentlemen. if you're not careful, elliot, we'll ask you for a guess.y ♪ ♪name helps restore gum health, and rehardens enamel. i'm a big advocate of recommending things that i know work.

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and making world-class products, right here in america. because when you buy something made in america...we all win. weathertech. ♪. stuart: you may recall i had a hard time segueing from the trump indictment and the arraignment all the way to this question, in which country did the easter bunny originate? mike murphy. >> you didn't know it. not u.k. italy. stuart: lauren. >> said same thing, wasn't u.k. germany. stuart: i say u.k. the answer is germany? earliest mention in german folklore. the easter bunny didn't appear in america until 1757. thanks everybody for coming. thank you for staying the entire hour. >> thank you. >> "coast to coast" starts right now. neil: on this day history likely to be made a lot of sellg