's your vision, it's your verizon. jot idea that we're going to go forward and put every

ex-president in prison because people didn't like things he did during his presidency, is absolute lunacy. >> send a message to a generation of kids that seem to feel they're not responsible for their actions. >> i don't think we're going to see anything even remotely intent from the fed and the market is taking care of the fed's job for them. >> billions and billions in additional cost and who are going to bear the cost? it's the small businesses. i don't think too many small business is men and women think of joe biden's policies as friendly. >> all politics is local. people care about their economy, their backyard and safety and immigration problems. that's what they really care about. ashley: i just love that. ever since i was a young boy, i played the silver ball from so cal down to brighten. they moved to my hometown.

i love that. good morning, it's 11:00 a.m. on the east coast on this monday, april 29th. i'm ashley webster in for stu varney. checking the markets and we're on the upside and very modestly so. second to last day of trading in april and had a pretty strong week last week, especially on s&p. we're carrying it on today but very modestly a. lot of data to review this week coming up. take a look at big tech names, it's a mixed bag. apple up, 3.33% and microsoft, meta and alphabet all moving lower. alphabet down 2.25%. take a look at 10-year treasury yield starting to gain more downward momentum, down 4.6 basis points at 4.61%. this headline from axios, new immigration reality, the economy needs workers. steve forbes joins me now.

great to see you, steve. let's begin there. are migrant workers needed to offset a economic slow down? >> that's a great spin. surprised it didn't have biden label on it in the sense that we still have a very low labor participation rate and millions of people in this country not working. we should be focusing on how do we get these people, especially young men back into the work force. in terms of immigration, if you want a sense of immigration policy, make it legal and have legal immigration instead of 10 million people in the country over almost 2 million we don't owe where they are and we know they're bad people that have come into the country. a lot of chinese nationals coming in are not coming in to look at statue of liberty. ashley: that's true and we risk legalized illegal migration and should these people be allowed to work? should we give them work permits

right away to contribute? >> take care of people in line that are legal immigrants that spend months if not years waiting to get their green cards. let them come first and then you can consider those that come here illegally. let's be fair, people that obey the rules should not be punished and those that break the rules should not be rewarded, fairly simple. ashley: amen, can't cut the line. the opportunistic ed from "the wall street journal" and watch out for a global wealth tax. four countries in the g20 group: germany, spain, brazil, and south africa, are propose ago 2% wealth tax on billionaires. you know what, steve, will biden and yellen buy into this? i have a feeling they might. >> buy boo it, i'm sure they're behind the scenes cheering and janet yellen is all for global taxation and have two pillars, global minimum tax on companies and global minimum tax coming on

incomes, personal incomes and not just the rich. there's a movie back in the early 60s, great one called it's a mad, mad world and it's now tax, tax, tax world and that's why this election is so important and got to stop this because they figure they'll buy into t the democrats and after they take over, which some day they will, then slip it through congress. that's why we have to stop it now and make it clear to the organizations and doing away from the g20 and not going to have international taxation without representation. we're reducing tax rates as a race to prosperity. ashley: amen. you know, i was just trying to work it out, steve. it was nearly 24 years ago and working in nashville, tennessee. you came through town on your presidential run and i met you to do an interview with you in a hotel room and all we talked about because it was your mantra and i still believe it is, you've been a champion of a flat

tax. will that catch on? probably it hasn't taken on yet and can we get to the point and impose a flat tax? >> yes, i think people and all polls show across the board people are in favor of growing tax simplification and number of countries done it successfully and only losers are politicians that love complexity and source of power and charles: keep fighting the good fight and steve forbes. great stuff and great to see you this morning. >> thank you, ash. ashley: thank you, sir. modest gains and dough, nasdaq and s&p all moving higher and lots of things going on this week and bring in jason katz.

jason, great to see you. why do you, the markets, need to pay more attention to the election? do you believe the markets should be paying more attention to the election? >> without equivocation. we've been so obsessed with the fed and for good reason. and there's no shortage of issues that will drive this election but to steve forbes' earlier point, people vote with their wallets and think about how much is at stake here. it's weighed on vast majority of americans and think about what happens in terms of new tax re-schumm. there's proposals to look at -- regimes and there's proposals to look at state taxes getting cut in half. individuals could see taxes on capital gains, dividends going up to a staggering 45%, that's the highest in a century. on the corporate level going

from 1-4% and taxes heart, especially when it comes to the economy and to what voters do at the polls. ashley: i hear more people using the term stagflation, which is absolutely awful as you know. just ask japan. is it a little premature to call the direction we could be headed in stagflation? >> yeah, the s word, it's way too premature to start throwing that around. look at leases on apartments and it's coming down and housing is a big component of how gdp is calculated and that should come down. then we're also seeing growth in terms of earnings.

i don't think there'll be a stag in stagflation. ashley: very good. are you continuing to remain mostly bullish? >> yeah, there's plenty of reasons to remain constructive. not overly bullish. if we get a bull back, hey, that's normal. fed may not be cutting but they're not raising any time soon. yes, stay invested, ash. ashley: cautiously optimistic jjason catastrophe this morning. we love it. thank you,. lauren: boeing won a contract with the u.s. air force to supply seven additional

helicopters and that's a win and boeing need it had. tesla surging and all about elon musk's surprise united healthcare is moving lower and reeling from the february cyber attack at change healthcare unit and new york attorney general letitia james joining 22 attorneys general in other states in urging the company to better protect its patients, it's providers, pharmacies, the stock is down three quarters of 1%. the ceo of united health will testify before the house this week. i was just at a specialist the other day, they said it was paralyzing and they're still dealing with the outage because of the hack at change healthcare. ashley: wow. lauren: yep, february 12 it

happened. ashley: wow, okay. thank you, your honor, lauren. coming up, one economist said there's mounting evidence that our economy is facing a nightmare scenario. we'll explain, that sounds very ominous. if you're looking to travel this summer, watch out for a tourist tax. we'll tell you which popular destinations will charge you just for visiting. outrageous. and remember what we were told about the crime plaguing new york city? watch this. >> i see the way crime is, people go, well, crime is down, murder is down, but it's the quality of life walking down the street and having people harass you constantly. ashley: amen, john catsimatidis is a business owner in new york city. does he agree with chaz? guess what, we'll ask him next. ♪ ameritrade is now part of schwab.

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ashley: the economy could be headed towards a nightmare scenario. lauren, what are we talking about? lauren: stagflation, low growth and high inflation and high levels of government spending and debt. the debt is almost $35 trillion. gdp in the first quarter and remember 1.6% and shocked wall street and inflation is at 3.5%. this is a problem and all of it has been juiced by the administration's spending on student debt forgiveness, infrastructure and subsidies to promote green policies. stagflation might be more of a opinion depending on who you ask, but the data is headed in that direction, ashley.

ashley: lauren, thank you. the gloverrer of virginia, gl gleglenyoungkin is ripping intoe president on the economy. watch this. >> global economic strength is the security and it's important to have dope deep relationship withs the trusted allies and it represents that our economy is not performing as it should be. the reality is we have low growth and high inflation. it should be flip-flopped. we should have low inflation and high growth. ashley: red apple group chairman and ceo jon catsimatidis joining us now to talk about that . john, what do you make of the state of the economy right now? >> i think we're in deep trouble. i think we're going in the wrong direction. governor youngkin is correct. the commander in chief, the president of the united states

is responsible for global security. what's going on right now is we have a lot of troubles in europe. the houthis and the red sea are closed and they're not going to ensure the ships going through there and creating a problem in gasoline. gasoline is high and going to stay high. that causing a temporary inflation situation that has hit interest rates and a 7.5%, 30-year mortgage, no one is going to buy houses or build houses. high interest rates create a problem for the ba banks and the real estate industry getting

it's going to create problems for the banks and it could be taken care of in three days. all we have to do is send the air force in, navy in, take care of the houthis in the red sea and take care of the suez canal and we'll be okay. the other problem the commander in chief has created is he's shut down alaska again. if you bring the price of crude oil and gasoline down and drill biby drill, guess what? inflation goes away. guess what, interest rates go back down to normal and i'm going to disagree with some of our other people about the budget. the budget if they have

confidence in the commander in chief. guess what? going 40 trillion going back to 200% interest rates and i'm more concern confidence in washington, confidence to create a situation where we're running the world instead of having russia and opec nations running with us. ashley: i'm talking about rampant crime and going from them sounding off about crime in new york city. listen to this and i'll get your comment. >> i walked the streets of new york and i see the way crime is as far as like people asking other people for money. talk about quality of life.

not just people going crime is down and murder is down. it's the quality of life walking down the street and having people harass you constantly. i don't like that. i think it's wrong. my wife goes with my children and she feels -- she won't take the subway, that's for sure. won't take the subway. a lot of people i know will not neighboring the subway. ashley: john, you're a new york city game is there think way to turn things around and who's to blame for this? >> absolutely. albany, i think governor hochul tried to make a difference and she's made some slight differences and the speaker is to blame and the senate in albany is to blame and comes down to what chaz says is 100% correct and you wouldn't walk around tonight and wife and kids

to take subways and it's changed and with congestion pricing coming june 30th and going on the politicians and all the politicians and we have one-nil in the coffin for manhattan. do you want another nail in the coffin? wait till they turn around and chain the congestion pricing. you've got $8.5 million new yorkers and new york city citizens and 3,300 criminals, repeat criminals. who do you want to serve? the 3,300 criminals, 48 million new yorkers and enough is enough, guys. ashley: right. yep, we hear you. john, always great to talk to you. always have so much great insight especially on new york.

>> make a difference and get new york back and our country back. ashley: there ewe go. we'll leave it there, well said. now this, california could soon get serious about cracking down on crime. come in here, lauren. something that voters will decide on? lauren: they already are in a big way. 900,000 californians have signed a petition to amend its homelessness, drug addiction and theft reduction app known as prop 47 and put be law in 2014. it let thousands off the hook for doing bad things over and over and over again and proposition anl needed 500,000 signatures to get on the ballot this fall. but californians waited in line for hours in some cases to add thinker signatures and cut across party lines, racial line us because they're so fed up. ten years of prop 47 resulted in

what they're dealing with now. they're lining up to add their signature to change it by vote on the ballot in november. ashley: if you pass it had and regret it, only way to vote it back outment looking towards the break, we've been ever so slightly parody. all up slightly higher and opening to the wall street week today. coming up, egypt has a new proposal for a ceasefire between israel and hamas. we're going to tell you where the current plan stands. people leaving california in droves because of high tax and now they might try to hit you with an exit tax as you head out. the ceo of oxygen financial, ted

jenkins will have the details next. ♪

lauren: the european union opening an investigation with how meta is handling investigation and going for this and what's going on and nags nag highway traffic transportation and opening up investigation into hands free technology and its called blue crews and two fatal crashes and involved a

mustang mac 3 suv. and it's 300,000 vehicles and it's a probe stock down 1.6% on the news. ashley: tourist taxes and where is it happening and going for them charging. lauren: it's not expensive enough and traveling all over. $3.47 and if you're a traveler in barcelona, spain. $5.35 in venice, italy a day. japan, $6 when you depart on a plane and vote $adults going for them in him la yays and that's a sustasustainability tax. it's $135 go z to new zealand.

just trying to get a little more for it and so they're not over tourists if you will. they can put the money towards sustainability. ashley: not going to the himalayas any time soon. get you checked for that. lauren: $100 won't stop me. ashley: take a look at this next story and exit tax and pay up and then you can go and joining me now. ted, where is the exit tax happening. >> happening in the state of california and for individuals and businesses that want to relocate and that was basically the tax predicated on the network and minus the realize and that's above 30 million, you have a 0.4% tax on the ovrang

and i use the model of hotel on california. that's a fact. ashley: exactly right. this is a proposal and then in stone yet. saturday saying we've invested with the state tax and so many business owners never got any of that money all together and business owners that i talk to say that california.

ashley: some experts say capital gains tax could be crushing the economy and explain to me if it's explaining the impact on all this. increase at obama care surtax to 5% and going for 44-46% and people need to realize this is not a 20% increase in taxes and it's 100 and it's going to affect business owners across america and buy on business today and double over the next ten years and money minnesota and 70% ofjobs in america, i the biden gets in the white house in november, you'll see a lot of businesses sell in 2025.

ashley: we talk about a holt of issues and the candidates are talking about right now and assuming it's a trump/biden race. how important is the economy to voters? bill clinton always said it's about the economy, stupid. would you agree with that? >> absolutely. data day hard working americans are feeling in with the inflationary prices at grocery store and gas pulmoand when they go out to dine out. most importantly, this country is founded on small business owners that grow businesses and ashley: a new study revealed which state has the least affordable cities to buy a home.

all right. come back in, lauren. which state? lauren: clearly california. the top 20 all in california and i think the numbers would surprise you. so the absolute most unaffordable area is newport beach. look at that. median home price is almost $3.25 million and the median income at $127,000 and that math does not add up in any which way shape or form. in the past five years home prices increased more than 60%. 60% in five years in newport beach. that puts major pressure on household incomes because housing got that much more expensive. it is the largest expenditure for most families. ashley: and if you say i can't hand it will anymore, i'm going to get the heck out, they're going to tax you on the way. isn't that lovely.

lauren: adding insult to injury. ashley: vice president kamala harris kicking off a equal at one point tour and selling voters on the idea that the president's economic policy haves been a success. good luck with that. a father/daughter duo are pushing for more people to ditch college and embrace vocational training. they're both iron workeers and say trade school is the only way to go. good story. robert and tiffany young will tell us why next. ♪

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♪ you were always so dedicated... ♪ we worked hard to build up the shop, save for college and our retirement. but we got there, thanks to our advisor and vanguard. now i see who all that hard work was for... it was always for you. seeing you carry on our legacy— i'm so proud. at vanguard, you're more than just an investor, you're an owner. setting up the future for the ones you love. that's the value of ownership. ashley: we're now just getting in news n columbia university has issued a 2:00 p.m. deadline

for anti-israel protesters to leave the encampments. students that do not leave will be suspended. at least those that go to the school. they'll be suspended if they don't get out by 2:00 p.m.. meantime, all the other anti-israel protests on college campuses around the country showing no signs of slowing down. peter doocy is at the white house this morning. peter, it appears the president isn't doing a whole lot of anything about these protests. what do voters think about that? reporter: right exactly right, ashley, and white house official are trying to do both things and give them their blessing up till they cross certain lines. >> the president knows that there are very strong feelings about the war in gaza. he understands that and respects that. we absolutely condemn the anti-semitism language we've heard of late and we certainly condemn all the hate speech and threats of violence out there. if these protests -- we

understand they're important, but they do need to be peaceful. reporter: officials are insisting president biden's support for property testers are not political but there's hundreds of thousands of democratic primary voters that went uncommcommitted this primay season for this reason. >> what netanyahu is trying to do is say anybody that criticizes what israel is doing, you're anti-semitic. i guess i am. yeah, but what i'm saying is if you look at polling, the vast majority of the american people are disgusted with the war machine in gaza and do not want for the u.s. military aid to his government. reporter: president biden hits himself on the protests like the encampments in george washington university. ashley. ashley: yeah, indeed. peter doocy.

thank you. now this, a woman in michigan is helping change the conversation about the millennials in trade jobs. tiffany young planned to graduate college as a career in juriesing or graphic design. but then she changed her mind and became an iron worker, just like her dad. great story. tiffany and her dad robert join me now. robert. robert, you began 35 years in the trade, what's your advice for young people looking to get into the business? >> i think everyone should try it. a lot of people go to college but we don't have enough people in the field in the trades. all the trades are looking for people. we need kids to come in and go through the apprenticeship program and come back out of a four-year programs and you're debt free. there's no debt involved in it. ashley: so now your daughter is into iron working.

did you want her to go to college? what was your feelings on that? >> i left it up to her. she decided what she wanted to do. i didn't push anything. i didn't go to college. she went and didn't like it and surprised me that i hey, dad, i want to be an iron worker. i said, you can be whatever you want. had her go back to college another year and take up a welding course, which accelerated her in our iron worker program for our apprenticeship out of local 25 out of detroit. ashley: great pictures on the screen of you two. bring in tiffany. tiffany, what made you change your mind about college? lauren: she's frozen. ashley: she froze. no, let's get back to dad. unfortunately, dad, your daughter's video link has frozen

but we still have you here. are there other jobs in this industry? >> there's thousands and thousands of jobs nationwide for all trades, and it's a very good income. very good income. ashley: you know, so many youngsters are sold this bill of goods you have to go to college if you're going to do anything good in life. in many cases, not everyone is cut out for college and the vocational training is pretty impressive in the country, but do you think more people more youngsters are waking up to that? >> i believe they are. back when i was younger. i was pressured into trade schools meaning they were good. everybody now is pressured to go

to college and kids are getting in deep debt they can't get out of. ashley: yeah, it a horrible, vicious cycle. congratulations, robert, on tiffany. she's made a bold choice and hope it will pay off. i'm sure it will. thank you for joining us. unfortunately we couldn't talk to her because we lost our video link, but thank you so much for chatting with us today. very interesting stuff. >> thank you. ashley: thank you. all right, that's robert and tiffany. now this, vice president kamala harris kicking off nation-wide economic opportunity tour today. lauren, where's the first stop? lauren: atlanta, georgia. she'll then travel to more than 40 states. she's going to tout how each area is benefiting from the $3 billion reconnecting communities and that's part of the inflation reduction act and it's the goal to convince the communities that the biden

economy is working for them. could be a tough sell. biden polls are underwater on the economy and has even stopped using the term bidenomics. these are swing state voters, pennsylvania, michigan, and wisconsin. overwhelmingly you can see they say the economy was better under donald trump. so that's what the vice president is up against on this tour. stop one atlanta. ashley: well, she's such a great communicate -- oh, wait. thank you, lauren. sarcasm is not a great thing for me. but can be effective. show me a sense of dow 30 stocks and a sense of the markets seems evenly split between up and down i believe beau asking up there finally getting good news. app and will verizon, microsoft and intel at the bottom. all very muted so far. all right, israeli fashion wedding dress designer and her company is based out of tel

aviv. we're going to ask her how her life and business has changed since the war in israel began. she's here next. everybody wants super straight, super white teeth. they want that hollywood white smile. new sensodyne clinical white provides 2 shades whiter teeth and 24/7 sensitivity protection. i think it's a great product. it's going to help a lot of patients.

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ashley: israeli fashion designer has become a household name on say yes to the dress. roll the tape. >> nobody designs dresses like penina. >> dresses are very gambler roush with a lot of chris -- glamorous with a lot of crystals and i love it. >> when a mother starts crying seeing her daughter wear one of my dresses, that's why i do what i do. >> we're saying yes to the dress. >> i'm saying yes a thousand times ashley: pnina, you split your time between new york and israel. how has your business changed since the attacks by hamas?

>> first of all, it's more of a massacre for us and a holocaust for us and obviously it affects all our lives and moral is very low. we're a country under traumatized because nothing like this ever happened to us since the establishment of israel. babies were killed, women were raped, and it's the first time that a war really happened inside israel and so many civilians were killed. war affects life in all its aspects and we still have 133 hostages in the tunnels in gaza held there. 150 people evacuated from the north and the south of israel because of the missiles thrown constantly into israel and

they're refugees in their own country. we have soldiers on reserve duty and their businesses are going bankrupt so all the people that are not in their businesses, it really does effect of course our lives. they're tremendously affects but business in israel is affected. ashley: tell us about your new bridal connection and i want tafanely tuck about your business and how much does one of your dresses cost? >> you don't want to know. ashley: yes, we do. >> i have a dress for every bride, varies from $3,000 and the sky is the limit actually. this is the first year i'm expending to all the united states and my dresses are now available in selected bridal boutiques in the united states. my love 2024 collection is actually the collection that's

available and also i have amazing partnership with jared and my jewelry is really all over the united states, and i couldn't be plowedder as an israeli and a -- prouder as an israeli and designer to experience an amazing success here in the united states. ashley: well, pnina, we thank you for joining us. congratulations on your success at such a very difficult time and thank you for talking to us today. we appreciate it. >> thank you. ashley: thank you. time now for monday trivia question. the question is: how many states are commonwealths? two, four, six, or eight? i do not have a clue. think about it. the answer when we come back. as an independent financial advisor, i stand by these promises. as a fiduciary, i promise to be the financial steward

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ashley: before the break, i'm sure you been pondering this, how many states are commonwealth. i can think of to to be honest with you. i'll talk about massachusetts and virginia, i had no idea what do you think. >> i got those two but i'm sure there's two that we cannot think of, for?

ashley: that's pretty good i was going to go with six, that's reveal the answer, so they say, you are right, the answer is for, kentucky, massachusetts, pennsylvania and virginia, pennsylvania and kentucky are the ones that i missed the commonwealth and if you're wondering what makes them different than other states, absolutely nothing purely semantics, commonwealth sounds very old england but there you go for out of the 50 states we're going to stay with commonwealth, thank you for your help today, you did about 10000 stories, yes indeed thank you so much, quick look at the markets moving modestly higher pretty much where we started the day, that's it for "varney & company". "coast to coast" begins now. >> thank you ashley coming up this hour wall street watching the fed like a hawk. the federal reserve big week meet this