224, we'll take those overall positive results. we can't forget either, we had a all-star standout day wednesday. normal to have a pull back. david: tightest labor market in decades continue. fbn continues with my buddy neil cavuto. neil: so you were a waiter? david: i was a waiter for many years. neil: i got canned for eating all the food. i loved it. david: it is occupational hazard. neil: if tips were low. david: fair trade i would imagine. thank you, my friend. neil: a lot going on, no signs of a slow down. so why is the president pushing the federal reserve to lower interest rates? chaos over the census. the white house is facing 2:00 p.m. deadline to do something. we don't know what the design will be. apple's new iphone design has been leaked. let's say users were not

impressed. the economy is humming, humming so much, that the dow is tumbling, down 200 points. since recouped half that. edward lawrence from the white house with details, some people thinking the federal reserve doesn't cut rates so soon. edward? reporter: interesting job reports. 224,000 jobs created in the month of june. the unemployment rate ticked up 3.7%. that is because of a good reason, more people, the amount of labor force grew. the total amount of labor force. more people are coming in off the sidelines to work there. 224,000 jobs created. very strong economy. that means that 173,000 jobs over the past 12 months, each month, has been created by this economy. the president pleased. >> we're really unexpectedly good. our country continues to do really well, really, really well. so we're very happy about it. i think we're going to, we're

going to be breaking records. if we had a fed that would lower interest rates we would be like a rocket ship. but we're paying a lot of interest and it is unnecessary. we don't have a fed that knows what they're doing. that is one of those little things. reporter: the president going after the federal reserve. here is where the jobs are in this economy. 21,000 jobs created in the month of june in terms of construction manufacturing jobs are up. private service producing jobs are up. that is 154,000 jobs. that includes professional services like architects, computer design services, scientific research. it is a little weaker job growth than last year. still a very strong economy going forward. anyone who want as job really in this economy could find a job. the other key number out of the labor numbers here is the average hourly wages. it went up 3.1%. that is low enough to where there is not a lot of inflation pressures, meaning the federal reserve might feel more pressure to cut interest rates.

white house economic advisor larry kudlow is trying to nudge the fed. >> that it is independent, that they will act on their own time but i'm just saying more fundamentally we have to understand, with the right incentives, right, lower taxes, lower regulations, opening up energy, reforming international trade, with the right free market incentives that has been put in place by president trump frankly, we are getting a tremendous economic takeoff. reporter: others say that 224,000 jobs created means the federal reserve should wait exactly where they are. the end of this month, the last day of this month is the end of the fomc meeting. they will decide whether to cut rates or not. neil? neil: thank you my friend, edward lawrence. expectations, people put money on it for a fed funds rate cut at the end of this month, for example, we had one out of three traders expecting to see half-point cut in interest rates

in july. that is down to a little under 9% as we speak right now. what had been 100% certainty on investors part we would see rates cut by at least a quarter percent, that has dipped, depending what you're looking at. anywhere from the high 70s to the high 80s. so the likelihood of that has eased back a little they're optc rates will be cut. maybe not as soon or as much. we have paul detreich with us and small business entrepreneur coins president, karen kerrigan. karen if you had to wager a guess what the fed does at the end of this month, would it be a quarter, would it be a half, would it be anything? >> i think they will do something. it is too early to tell. a lot can happen on the trade front neil, what happens with china what happens with usmca. yesterday china drew its red line in the sand with regard to what they wanted out after trade

deal. they want all tariffs lifted. our negotiators are saying no, they don't think that is going to happen. i think there is still some unknowns and a lot could happen leading up to now and the end of july. neil: paul dietrich, to the point that karen touched on, it depend on what happens on the trade front, a a lot of people think if we score a deal with china we don't need to cut rates soon. what do you think of that? >> there is some truth to that. i don't believe we'll have a rate cut until september. it will be a quarter point rate cut. next year is going to be the year we see multiple rate cuts. i hate to be cynical but i live here in washington, d.c. and i've been talking to people on both the democratic side and republican side of the presidential elections. and everyone believes this administration is going to use he have very tool, every lever

of power it has in order to keep the economy going through the election. one of the best tools is has is rate cuts. i think we'll see at least two rate cuts. neil: that is assuming the administration would be able to control that. you're saying, saying jerome powell would be so significantly pressured he would acquiesce to that? >> yes. we have two new people, health done and waller coming on to the federal reserve. neil: if they're approved. >> if they're approved. they're going to be approved. both of are really good economists. so he is going to have a big majority. i think most people thought the last rate cut was a mistake. by law -- neil: last rate hike. >> last rate hike was a mistake. by law they're supposed to look keeping unemployment low and inflation low. we have no inflation. hasn't met its target rate. we have the lowest unemployment

in 50 years. what in god's name were they doing hiking rates the last time? neil: i'm looking at this, i'm sorry, jeff, this employment report, i don't see a reason to cut. i don't see a reason to move so quickly given the fact there are not heck of a lot of arrows in the fed's quiver here, save it for when you really need it. what do you think? >> we've been counseling clients all along, a rate cut is not a slam dunk. we feel better about that today. less than 50% chance they cut in july. i'm not sure even come september it will be necessary. neil: so if it doesn't happen right away, karen, and the market has built expectations that it will, you could get back to, just good news being good news and be okay with that, for the markets, what do you think? >> in terms of, you know, gdp growth, in terms of the jobs are moving in a great direction, job

growth, in terms of wage growth. looks like based on small business side and entrepreneurs we talk to, they're still very optimistic about the outlook for economy this year. they're looking investing more, hiring more. if nothing is done from a really stupid policy perspective on the tax and regulatory side, i think it is going to be, we're still very bright, bright outlook for the remainder of 2019. neil: it is interesting, jeff, what i was looking at, a lot of s&p 500 companies, eight out of 10 who telegraphed earnings momentum could be slowed or compromised, there are plenty of reasons to worry. markets climb a wall of worry, but, investment mood is not off the charts crazy. so you could make a convincing case, that this rally on that basis alone could continue.

how do you see it? >> yeah. i think there is room to grow. one of the things that really struck me about the labor force participation rate is when you dive into the components, we saw a big move in prime age female labor force participation rates. if you look historically, we still have room to go. so the slack that may be left in the labor force is at least in part is in prime age females. go back to late 2000, that would suggest we have long runway in the labor force. the reason for fed to stand pat, reason for us to be positive on economic growth prospects for the future. neil: part of the things we saw in the latest employment report, paul, you know this, we had 335,000 people coming back into the workforce. that pushed unemployment rate up just a teeny bit here but do you still see that phenomenon

continuing? >> yeah, i see that phenomenon continuing. i think that is going to happen. part of it is wages are going up. this is giving people incentive to come into the labor market. i should say the economy is slowing. now we're still growing but at a much slower growth than we saw last year. that is why i think we ought to rectify the mistake in december by hiking rates. i do think we need at least one cut by 25 basis points in the fed rates this year. neil: we'll see. it will be interesting development one way or the other. thank you very much. the dow about 108 points right now. we'll monitor that. the first trading day after the record set, all the major market averages on wednesday. see if this continues. we chip away what were more substantial losses earlier.

white house is fighting a legal battle over this census question whether you can have a basic question like this, are you a legal resident? are you a citizen of the united states? the former governor of arizona had no problem asking that in her state. jan brewer is with us. ♪ xperience with usaa has been excellent. they really appreciate the military family and it really shows. with all that usaa offers why go with anybody else? we know their rates are good, we know that they're always going to take care of us. it was an instant savings and i should have changed a long time ago. it was funny because when we would call another insurance company, hey would say "oh we can't beat usaa" we're the webber family. we're the tenney's we're the hayles, and we're usaa members for life. ♪ get your usaa auto insurance quote today.

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i'll pass. reporter: executive order on the census? >> we're thinking about doing that. that is one of, four or five ways we do it. we're thinking about doing it very seriously. we're doing well on the census. neil: president talking about the question on citizenship, including of at supreme court essentially shot it down. i should point out wasn't so

much the nation's highest court saying we're rejecting this. you have to make a compelling case to another court to sell this and your commerce secretary did not. former arizona governor jan brewer faced similar hurdles when she was governor of that fine state. good to have you back with us. >> thank you, neil. good to be with you. neil: governor, i had forgotten the support our law enforcement, safe neighbors act, essentially it became a requirement if you were in the state you had to carry documents by federal law authorizing state and local law enforcement, federal immigration laws and the like, but it was just accepted. how were you able to get something like that through? >> well, we worked on it diligently. we had good attorneys. we processed it through the legislature. we got it passed and enforced. it is important to have people documented in our country.

neil: i notice the distinction, one thing to do that as a governor of a state, force an issue that you're tracking illegals versus a census question, i get that, but it cracked down, shelter, hiring, transporting undocumented immigrants, something you can't get into on a census question. when the supreme court is saying you didn't give us enough compelling reasons, the commerce secretary to make this question a feature in the census, what are they saying? what more do they want? >> i think, you know, i'm not a constitutional lawyer, i'm not any kind of lawyer but i would assume that they need more data saying the facts that they need to require, because it is necessary for the states in order to have government regulation. not regulation, but we need more representation, i'm sorry, neil, representation. those attorneys should know what they need. i mean, my goodness, if they need to move forward, something

that is important. not like we have not asked that question prior. all of sudden during obama's administration we did away with the citizenship requirement for some reason. now it is back on there. neil: you went round per round for president obama. something was immortalized with in this airstrip picture of you with the president. >> i did. neil: and you were trying to crack down on a problem you said he did not appreciate in your state. now this president is saying, this is a bigger problem than we know, there is no harm in asking people's citizenship to, at least give the government an idea how many people we have in this country, legal or not, what do you think? >> absolutely. i think it is very, very important. they do so much data. there are other questions on the census form. they combine all that. that is what we find out about our country. we move forward, adjusting, doing things, based on the

information. that is how we determine to receive federal dollars back from the federal government and how many representatives each state has. you know, they count all the illegals in california, well, they would have probably enough to have two more, five more, representatives out of california. you know, we don't need that. we don't need that. neil: it would help governors of any stripe, this is argument for keeping that question out, governor, you heard it a million times, that would help governors have resources to deal with influx who are here, otherwise, the cost and burdens are going to meet them anyway, so at least this gives them an idea who is here, who is not what do you think? >> right. i fall down on the side of we need to know who is here, who is a citizen, who isn't a citizen. then we deal with that other issue later. they can certainly appropriate dollars afterwards if they want to appropriate dollars for our

states taking care of the illegals. neil: got it. >> we need to know who is legal and who isn't legal, and who is, who are citizens in our state. it is just outrageous that we have to go through all the dynamics all the time. we are a sovereign country. we need our borders secured. we need to know who is coming in. we need to know who is legally here, who isn't. if you commit crimes you ought to be deported. we have a president finally at least that is going to stand up and protect the people of our country. neil: you just don't remember any of the controversy when that question was taken out of the census. just when it was put back in. it was in the census for the overwhelmingly number of years we had it. just seems odd. >> i don't remember it either. i don't remember any controversy whatsoever at all when it was taken out. i guess we were sleeping at the switch. that or they thought they would get more money so they could

justify it. in my mind set, it appears we could adjust that anyway. we do need to know who is on the census, who is a citizen? are you born in the united states? that was one of the questions used to be. neil: right. >> that needs to be on the form. that needs to be on the form, absolutely. neil: we'll get a sense of the president hour 1/2, governor, what he will do about this. go ahead to issue a census without a question and follow-up with a question. there is simply no way of knowing, here, very least possibility whole thing is delayed. it's a mess. thank you, governor, good seeing you again. >> good to see you. neil: 6.4-magnitude earthquake rocking california. now the concern about aftershocks and they're real, after this. [ dogs barking ]

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if you're turning 65 soon or over 65 and planning to retire, find out more about the plans that live up to their name. thumbs up to that! remember, the time to prepare is before you go on medicare! don't wait. get started today. call unitedhealthcare and ask for your free decision guide. learn more about aarp medicare supplement plan options and rates to fit your needs. oh, and happy birthday... or retirement... in advance. neil: american soybeans exports to china plunged by 74%, that's by volume in the last year.

obviously they're among the agricultural interests that are very keen on seeing this trade dispute with china resolved. now china has been buying a lot of soybeans certainly from folks like brazil, what have you, it doesn't make up even for china, the amount of soybeans they need as a country. it is in their interest to settle this, the sooner the better. wanted to pass that along. meanwhile a powerful earthquake in california spawning 100 aftershocks. we may not be done with this. joe bastardi says quakes like these are impossible to predict and the aftermath more difficult to gauge. good to see you, joseph if you're in california, in that neck of the woods, you see aftershocks, what do you tell them? >> listen to what the geologists saying, seismic scientists are saying. they're spot on right. you get a major earthquake like we just had, as things settled behind it there are aftershocks. they have to constantly to be monitoring this what can happen

with something like this is, one of the aftershocks, arrangement of the earth underneath could spawn another major earthquake. that why folks are so nervous in california also. it is on a natural earthquake belt. by the way there are other areas of the country, cape girardeau, missouri, charles son south carolina, believe it or not, where there are earthquake faults there led to very destructive earthquakes in those areas too. so it is part of nature. neil: yeah, it is interesting you have fought over the years hurricanes and typhoons and the rest but when it comes to earthquakes, totally different beast certainly to predict, huh? >> it's a lot more difficult to do that i read a couple papers on climate change and incident of earthquakes, very interesting study out of taiwan about how as typhoons approach and get over the island, there seems to be an

increase in these minor tremors with that. speaking of tropics, i just want to tell folks, our forecast this year is one that says we don't expect a higher than normal year but we got to watch out in close to the united states coast. next week in the gulf of mexico, right in their backyard, florida, alabama, mississippi, in there we may have to watch out for something brewing. it is not coming all the way from africa in that particular case. part of nature, neil. this isn't the garden of eden here. i wish it was but there is always a price to pay with mother nature. neil: yeah, there is. allowances you have to balance. good see you, my friend. >> nice see you. neil: to another joe, joe biden, vice president didn't see kamala harris coming. so where is he going? ♪

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>> want to take on idea, the fed should have cut rates before. they have to cut rates in july. somebody out there show me any sign of inflation in the economy because i don't see it. neil: steve moore on maria bartiromo's show. essentially, saying that there is no need right now for the fed to dawdle on this, use the strong jobs report as a reason. deirdre bolton was the anchor talking to him at the time.

but the fact of the matter is, there is a strong report, do you really need to cut rates should you save it for time you need to cut? gerri willis at new york stock exchange. what are you hearing, gerri? >> this is interesting stuff. we had this baked into the cake down here. all three major averages down, traders skeptical about highly anticipated federal reserve rate cut. here is what one trader told fox business. he wrote this, what does fox -- what does the fed do with this? they continually stated they will remain data dependent when determining their next move. they will not, not able to ignore this report. i'm hearing this all over the floor today. markets expected just 160,000 new jobs. after that private sector edp jobs report came out showing gains of 200,000. this morning the chatter was 100,000, 50,000. instead the june jobs report showed strong gains including ones from previously lackluster

sectors like construction and manufacturing. on the news, yield on the 10-year treasury rolled 2%. the dow set new all-time high on wednesday, opened up 145 points, now down just 63. i have to tell you wondering why the change intraday, neil, i have to tell you there is so little volume today, it is not really representative of sentiment and one trader told me, if today was not a friday for a long holiday weekend we would be down even further. neil: that is interesting. gerri, thank you very much. happy friday. good weekend to you. >> thank you. neil: joe biden downplaying his recent drop in the polls. take a look at this. >> are you worried about the polls slipping with african-americans after the debate? >> no, no. these folks just came. i'm making the point to you, i don't see it. people know who i am. neil: well, maybe not, that is the big concern, that joe biden

was not prepared for the questions kamala harris threw at him and others thrown at him in the next round of debates. american conservative editor, and also progressive commentator rashad ritchie. rashad, it is safe to say the former vice president was caught flat-footed. he can't be caught flat-footed again. >> he blew it in the debate. he can't do that again. to say he was not prepared for senator harris. i don't understand, you have an entire team that new exactly what was leading up to the debate, especially his own words but biden feels comfortable. he is running a delegate election this is not about the popular vote. this is not about winning the most states but about winning most delegates. 4051 delegates up for grabs. you only need 2026 to be nominee of the party. he can get that technically by losing a lot of states but still doing very well and getting the lion's share of superdelegates

he could still become the nominee of the party. neil: but i think, correct me if i'm wrong but the superdelegates come into play if no one secures the nomination on the first vote. then they come into play. he would have to hope for something like that. one of the things i've seen, jim, in this back and forth he is trying to justify, his tort of be above the fray posture. he is saying he is not going to use his opponents past against them. that is not going to be what he is doing in debates. he is talking about what he is going to do going forward? >> he is trying to run if he is already the incumbent. he does have the benefit he served vice president under eight years under barack obama but he does have to look at reality of these polls. i know what he may be seeing at his campaign appearances but those are his supporters. you look at the poll numbers, if

kamala harris is able to break biden's support among african-american voters that will really dissipate his lead. what we saw with hillary clinton in 2018, she jumped out to a early big lead because she had such strong black support. after doing poorly in iowa and barack obama winning iowa, a lot of those black voters moved over to obama, that was the end of her lead. biden is vulnerable to the same type of shift t seems to be happening to him a lot earlier in this campaign cycle. neil: when you look at this, rashad, i always tend to follow maybe being the business geek here, how much money they're raising, while he is raising impressive sum, he fell second to mayor pete, tied in that area with bernie sanders and bernie sanders raised more money in smaller denominations than certainly the former vice president. i would argue from the opposite, the consensus, he could be in financial hurt if he has one

more stumble, then it is anyone's guess. >> at this point you have individuals giving money to who they think can be president trump. if you come across on the national media that fumbles and stumbles related to your democratic colleagues in the democratic primary are you i may not look as electable. number one driving force for joe biden nomination is his electability against trump. the more he loses that credibility the less money he will get. it doesn't always coordinate, neil, buttigieg, mayor pete, out fund-raising majority of democrat candidates he is polling near 2%. it is not correlating to him at all. neil: you're right. it is early barometer sometimes but we'll see. jim, another thing i wonder the president was crowing today about the latest employment number, the fact we gained 224,000 jobs, you know the drill. you know the fact we're at cycle lows in unemployment levels for key demographics, usually democratic voting demographics.

how is it the president is not doing much, much better in the polls given this, this economy, what is going on in the markets? what do you think it is? >> well i think that the whole, it's the economy stupid mantra that was popular in the '90s may not really apply today. people are, number one, much more polarized along partisan lines that was once the case. number two, aspects of the president's personality, a lot of his supporters, a lot of his base, they like the tweeting, love his speeches, love the rallies. but there are not voters warming up exactly to that type of approach, don't think it is presidential. that put a cap on his support but i think the hope especially if we continue to see wage growth at the lower end of the spectrum, we continue to see such low unemployment, eventually some of the softer voters who are kind of wobbling back and forth between the democrats and the president will

want to go back to the president because they will feel it is financially safer. neil: we'll see. still a long way to go as you both remind me. thank you, guys. have a great weekend. >> you too. neil: u.s. sanctions forcing iran into a corner and it is fighting back, threatening all sorts of things. after this. from fidelity. a visual snapshot of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity.

neil: maybe good news can be good news. we're well off the lows when earlier today we collapsed over 200 points on the dow. trifecta with records in the dow, s&p and nasdaq? now we're down on the dow about 53 points right now. maybe they take this at face value. 22,000 jobs gained among every major sector. at face value that is not bad. whether the fed sees later or

not at all. 2 1/2, three hours i should say to go. meanwhile iran is getting agitated over increasingly tough sanctions, now it is lashing out. but it is how it is lashing out, getting a lot of folks attention. certainly in the region and the pentagon. lucas tomlinson at the pentagon. reporter: tensions ramping up with iran two weeks after iran shot down the u.s. drone. they threatened enriched uranium beyond the limits of the nuclear deal this sunday. president trump responded moments ago. >> we'll see what happens with iran. iran has to be very, very careful. reporter: president rouhani threatens to enrich uranium to any limit he want. >> translator: from july 7th, our level of uranium enrichment will no longer remain at the 3.67 level. we will put this commitment to one side. we will increase the cap to

whatever level we deem essential to us, to a level that we need. reporter: highly-enriched 90 uranium is needed to make nuclear weapons. president trump walked afrom the nuclear deal last year. china, russia, france, uk, germany are trying to hold it together. the president want a wide-ranging agreement to include iran's 2,000 ballistic missiles. british royal marines seized iranian supertanker in gibraltar near the mediterranean. john bolton congratulated the british on july 4th. excellent news, the supertanker headed for syria with iranian oil. we will continue to prevent regimes from tehran and damascus profiting from illicit trade. former leader of the iran's revolutionary guard, says iran should take the tanker back by force, neil. neil: getting scary.

hoping cooler heads prevail. fox news senior analyst jack keane on all of this. general, very good to have you. >> great to see you, neil. neil: what do you make of how iran is responding? it is clearest indication yet. you telegraphed as much when we spoke last week, that these sanctions are pinching and this kind of reaction might be predictable, but i wonder what is next from iran, what do you think? >> well i mean, that is a good question. we've never been in this before, not iran or united states or our allies. this crippling of our oil exports is really quite profound. they have gone from 2 1/2 million barrels of oil a day, to something little north of 200,000. that is just staggering, you know for them. they can't continue it at those levels, to maintain any semblance of an economy.

it will just to off the cliff. that is provoking them in a way it did not in the 1980s and prior to the jcpoa when we had sanctions imposed on. we were able to crank out half of oil exports. that is not the case now. they're threatening an increase in enrichment of uranium, but if, of course, they, they love their rhetoric. they like everybody to feel that you know, they can do whatever they want to do. it is their capability. and there is implied threat there. they will not race to weapons grade. that would be a red line for israel, likely for ourselves. that doesn't get them anything. what they really want is relief of u.s. imposed sanctions so crippling them. what they have done to date has failed. they tried to interfere with the shipping neil, but they got caught at it.

we were able to expose that. they haven't done any since, no not that they won't go back to it. now they're trying enrichment. they think europeans doing this, would provide them economic assistance. but what the europeans are telling iranians in the world, look it, if you go outside of the jcpoa restrictions we'll not help you. likely europeans will side with the americans. and pose more sanctions. that is kind of where we are. we're in new territory here. iran threatened the british over retaliation for this tanker seizure. why would they do that? if they go after another brit in tanker, or what have you, but then what? >> then you start working up the ladder of escalation, which is something i think we have to be very careful about. the idea of just going tit-for-tat with the iranians, i don't believe is in u.s. national interests, because that means you just increase the

escalation factor, play into their hands. creating a huge crisis in the middle east now, then reason has to prevail. pressure is brought on the united states, you know, to back off. particularly to back off on sanctions which is the cause of the provocation. so i think the administration clearly understands that. i'm confident that the brits do as well. they will be careful here about the so-called, ladder of escalation. don't do anything, while you have to respond to certain things, i'm not saying you don't do that, but you're careful about how you respond to it. you don't want it to lead to a more serious intent than what your military response is causing. neil: general, thank you very, very much. >> good talking to you, neil. neil: jack keane. meanwhile the leagued design for the new iphone has users irate. some called it a place setter

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neil: could be in trouble, more than we thought. trade war issues are coming to light. trade impact coming, company warning after steep profit drop, 50 some percent, due to collapsing demand in the u.s. and china trade dispute. we should point out of those warnings, the weak demand for memory chips in general weighed on the entire semiconductor arena quick qualcomm, broadcom, semiconductor etf, micron technology, you name it, all getting caught up in a samsung selloff, if you will.

rich karlgaard how significant this is. it certainly dragged in a lot of other high-tech names. what do you make of it? >> i think the loss of samsung profitability is profits being cut in half is largely attributable to its huawei business really being severely impacted. the trade restrictions are going to reduce huawei's shouldn'ts in the world by about a quarter. that is about 50 billion phones since huawei does a little over 200 million phones a year. samsung is a supplier of memory chips to huawei phones. now the upside in the long run is that samsung phones may be able to take market share from huawei. i wouldn't rate samsung, tremendously info i've company off because of this. innovative. neil: retailers would blame weather for bad quarter, tough start to the year. they never credit the good weather if it were the opposite, but having said that, is this excuse de jure, some companies,

quite legitimately, peg a bad quarter to? >> yeah, they might and there is chatter that people all around, even affluent people who are buying these expensive mobile phones like the iphone and samsung's high phones are extending the time in which they normally up grade. if they normally upgrade every two years, they're extending it to three, and three to four. so we are seeing saturation at the high-end for sure. neil: you know, speaking of the iphone here, i guess, the latest one, you know, some of the design stuff that is coming out, being leaked out, it is not wowing people. what is going on? can you tell us a little bit? >> oh, man. the new iphone 11, coming out in a couple month is being ripped to shreds in the technical press. the thing, this is really dangerous, because people have to realize about apple, apple has the strongest balance sheet, you know, in the world, and huge

cash balance but the most important asset apple has, always had, is the love and fanaticism of apple customers. so if apple comes out with a meh product, in combination with a loss of its designer jony ive, who is the last connection to the steve jobs era, suddenly apple loses its most valuable asset, which is the fanatic love of the customers. it becomes just another tech company, you know, that is out there like everyone else. neil: you know what is weird about some of the images, for those on radio you can't quite make them out, they have a large camera or viewfinder. it seems almost like a toy but maybe, maybe they could be hoodwinking us but it looks like they're coming out the gate kind of clumsily. wow! we will see. finish your thought. >> by the way, related to samsung and apple, i don't think the 5g revolution will be big winner everyone thinks it will be.

it will take a long time to roll out. even gary shapiro that runs the consumer electronics show, the big winner in 5g, industrial application, supply chain, manufacturing, applications. neil: this model doesn't make you think there is particular wisdom getting a phone. maybe you wait a little bit to your earlier point. we're getting in reports from variety of sources that ford is getting ready for an electric car. so the rumors seem to be confirmed. what do you think of that? >> i think it is smart on ford's part. they have had an eye on silicon valley technology and big r&d center here in silicon valley where i live for quite some sometime. bill ford is really doing a great job leading that company on the board level. look, tesla, is amazing american innovation success story but they haven't reached kind of scale general motors, toyota, ford have. teslas had to do one of two things, they are going to be

bought at some point. hostile takeover or not. the other alternative for them they could be the intel inside of the electric car business because their battery technology is really good. neil: in fact, it is the most you can get on a fully charged battery, right. that is an interesting play, if you can't beat them, kind of be part of them. >> i wouldn't buy -- i would watch the price in buying tesla. they had an uptick in anticipation of these higher sales. i don't know i would nab them now. i don't think this is a growth story. i think this is a value play on anticipation that they will be bought at some time. neil: rich, always good talking. my friend be thank you very much. >> thank you very much, neil. neil: rich karlgaard. let's take a quick peek at the corner of wall and broad. we have the dow down about 51 points this is sort of tug and pull whether good news can be just good news. whether a strong jobs report as latest one was with 224,000 jobs across virtually every see

sector of the economy will be enough to compensate to people looking at strength, well, federal reserve will have to delay a cut in rates. right now they're coming around to that, after this.

neil: all right. you heard by now the jobs are rebounding so why isn't the president benefiting at least in the polls? millenials getting out of the city because right now, it's too expensive. too many headaches. they are young and restless and moving out. and maybe they will make the move to mars. there are a few we can think of, in fact, on this staff, who should be considering it. kicking off -- no, not the group here. kicking off in a big way hour two begins now.

we had great numbers this morning. i think it was 224,000 jobs. those were really unexpectedly good and our country continues to do really well. really, really well. so we're very happy about it. i think we're going to -- we're going to be breaking records, if we had a fed that would lower interest rates we'd be like a rocket ship. neil: you know the economy is still strong, mr. president, why does the fed need to cut interest rates. that's been the battle back and forth for the markets here. as soon as this much stronger than expected jobs report came out, there was sort of disappointment, although obviously we are doing well enough for the federal reserve to at least put off a cut in interest rates, if entertain them at all. jackie deangelis with us, susan li, market watcher dan schafer. susan, are you getting a sense here that you can't win for love or money, that you get a strong report --

susan: very serious when you say my full name. neil: if i knew your middle nature -- susan: very true. i think the markets are now putting off the 50 basis point cut that a third of the market still had on the table before we got these job numbers. now that they are stronger than expected, 50 may be off the table but it's been telestrated and it's a communications game when it comes to the federal reserve. if you tell the market we are going to do this, you better follow through. otherwise you will see big jitters in terms of trade. neil: interesting, the president saying i think we have 224,000. susan: i caught that. i caught that. neil: obviously he feels this is the wind at his back but it's so strong it could make him -- you don't need the fed to worry about it. jackie: maybe if it's 25 basis points, maybe it doesn't even happen in july. maybe the fed sits back and says we are watching the china trade issue, where do we stand with

that. if we do get a deal, everything on the checklist evaporates, all gets checked off ain't wnd it w good. maybe they change their policy. powell said he's watching closely and stands ready to act. they didn't promise any numbers or any timing. we'll see. neil: talking about jerome powell, the federal reserve chairman. dan, you have been leery about the economy. still that way? >> yes, more than ever. belgium's ten-year just went to zero. the switzerland ten-year is dropping to new lows. i do believe there's an underlying problem in the world economy, not just united states. i'm talking about globally. i think the bond market is sensing that the zero interest rates are telling us something is coming and the inverted yield curve we had back in 2004, '05 and '06 said something was coming. everything looks great. unemployment numbers should be, in my opinion, double the employment numbers that came out should be double where they are now because of zero interest

rates. this is a big problem. gold has -- neil: but they're not zero interest rates in this country. >> not yet. not yet. neil: you think it would be a mistake? >> if you look at the purchase manufacturing indexes that have come out over the last three days, they are terrible. we are hitting three-year lows. we are hitting shipping rates dropping dramatically. where is the growth coming from? the gdp estimates at 1.3 or 1.5, if you have zero or even 2% ten-year treasuries where we are now, these are not the numbers we should see. if i was a university professor teaching stock market and economics, i would quit my job now because nothing for the last 300 or 200 years makes sense. neil: it's a recovery that knows no bounds, it's historically the longest recovery here. the market itself is climbing this wall of worry, it's not an economic worry given this report. what do you make of it?

susan: 103,000 something puts us on place for 2% gdp growth. 2% is not terrible. i think that's pretty much the average in line with obama. [ speaking simultaneously ] susan: yes, definitely. especially given you saw 3% growth in the first quarter when we had the longest government shutdown. i think some of the numbers point to at least 2% growth. it's not terrible, not great, but i think it's pretty much in line with what we have been told. neil: the trade thing is a huge factor here. when you have companies like samsung talking about how they are feeling in the memory chip area, they hit that whole area, semiconductor area, so trade is the real bugaboo here. jackie: right now, it definitely is. investors all over the globe are looking for this to be checked off the list and they are worried about it. it's impacting us at home and impacting companies in asia as well. on the samsung front, it's not just the fact everyone has a

smartphone now, and a lot of people have the high end smartphones, they have that disappointment with their flip phone model and there are other factors, but back to the markets for a second because i think even though things are chugging along and progressing and the president's policies have definitely been stimulative to a certain extent, the market does seem to be a little exuberant. we still seem to be the best house in this bad global neighborhood. people need a place to find return and you are finding it in the u.s. stock market right now. it doesn't necessarily mean they feel good about these investments. we keep hitting records, keep hitting records, we saw it again wednesday, it does start to make people a little cautious. neil: we won't be -- it's one thing to resist what's going on in the world, but you can't do it forever. >> i don't think they can. i think the federal reserve knows more than we know. i also believe governments around the world are -- susan: not according to trump. did you hear what he said? he said they have no idea what they're doing. >> i think there's a big problem around the world with government intervention.

governments are in the market, no question about it. they talk about what they are going to do. you listen to the ecb in europe, what they're doing -- neil: european central bank. >> you see japan buys their own etfs on the market just to pump up their stocks. now we've got this kind of intervention which throws out all the rules and says okay, what are we going to do if the government's going to back us up, we just buy stocks. taps kind that's kind of the philosophy. susan: isn't the policy supposed to run ahead of where the economy is going? if it's slowing, shouldn't we basically get ahead of that? >> listen, i think they will drop rates. no question in my mind they will drop rates. the reason i say that is a technical basis. the bond market is rallying and in the futures market the open interest is not going up. that means the professionals are not hedging. they are not selling the rally. neil: there's enough skepticism out there that it's not like the 1999-2000 period where everyone was crazy. >> right. that was a whole different era. that was the dot-com era.

neil: there are quite a few bears or cautious ones out there. >> yes, you could say that. neil: i just did. >> the problem that i see is the major disconnect. if you look at all the charts of some of these indexes versus where the stock market is, i'm talking about the purchasing managers, if you go back in history and look at even 20-year charts, they usually track each other. they are totally opposite now. you got the stock market up here and all these major indexes for trade are down here. susan: with all the stimulus, quantitative easing, round one, two, three, didn't that distort the markets? >> they are continuing -- they never stopped. the distortion never stopped. that was because -- neil: the president argues if you had that kind of environment with him versus the kind under barack obama, we would be, what did he say -- susan: like a rocket ship. neil: i don't know on that. but i do know that given the poll numbers, it's still early,

he's not benefiting from all of this. i wonder why. because we are quick to blame presidents when things hit the fan, but i have always argued he should be up ten points in the polls with an economy like this. jackie: he should be, but there are a number of people out there, different cross-sections across the country that don't necessarily feel their quality of life has been improved even though the stock market keeps going up, or they don't like it so they're not really willing to give him the credit on that front. just one more point on interest rates. it's not a bad thing to raise rates. it's not a bad thing to be able to find that balance. they can't stay at zero -- neil: people are cutting within six months, markets don't like it. >> historically when the fed does cut at this point, the markets do go down. jackie: the savers are penalized here. this forces people to take that risk and put their money in the stock market. depending on what your investment goals are, that could be scary. neil: or to dan's point, they don't see the benefit of this. the bond market is telling them

something more than the stock market is. >> the bond market is the second deepest. the currency market's number one which that's a whole other issue, talking about currency devaluation. neil: please do. >> but when you get this kind of divergence, it's a problem. going back to your poll issue about president trump and the polls, the same thing that i said before the election, i don't believe the polls. i think people are embarrassed or ashamed or don't want to say that they are for president trump until they get into the booth when the curtains close. that happened last time. susan: i think they will talk about the economy and stock market if you stop using words like twitter like he did last nig night. neil: i do believe there are a lot of hidden folks but what's interesting in these battlegrounds states, in pennsylvania, record low unemployment, michigan, close to it, that he's not benefiting more. he's down by double digits.

not that these polls mean anything now, but they are outside the margin of error. if i was in the white house it would worry me. >> there's another factor, commodity prices and the goods at these states that they produce. they're not seeing the boom that we normally would see at this part of the cycle. it's not there. you look at grain prices, even though we had a rally because of the weather issues, they are really sitting on a lot of grains that they can't sell. neil: you settle this china thing, you would be off to the races. >> i've always said trump is dealing with communist countries. they are going to wait him out. these leaders are in for life. they know trump's term is eventually going to end. they will play him all the way. neil: we don't know. it's way early. in the meantime, this could explain the concern and anxiety built around the markets,

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neil: we will get another millenial lament. they are fleeing major cities because of the rising costs and the impact is across the country, not just happening in the new york metropolitan area, but in chicago, atlanta, philadelphia, detroit, you name it. jackie deangelis back with us, susan li and dan schafer. you know, what's interesting about it is the fact millenials almost en masse are leaving. it's actually picked up steam in a good economy. jackie: it's hard to make ends meet if you have a certain salary threshold, for example,

but i don't think it's really a new phenomenon. i was telling you during the break i lived in the suburbs for a very long time to save money and when i wasn't making that much and i felt i had to live more on a budget. it was something i considered. i think millenials are looking at their quality of life right now saying i can get more for my money if i move somewhere else and have a little bit of a slower pace. neil: you're in the city now. you had enough of that. >> more out of convenience, you know. susan: you need to be close by. it's interesting to see the shift. i'm not necessarily sure, i think we are noticing it more now. young people are struggling in their careers, they always sort of looked for these different options. and look at the economy they actually started working in in 2008 during the great financial crisis. their wages aren't that great when they graduated. they had a ton of student debt on their shoulders. where do you go to save money especially if you're not watching tv and netflix on your

phone anyway, do you need to go to broadway shows? probably not in their view. neil: you don't go to broadway shows? susan: i do. >> i do. nldz neil: we created this problem. >> i saw "oklahoma." the millenial issue of leaving the city, going to the suburbs, is growing because the costs in the suburbs have dropped. i leave in greenwich. not just there but fairfield county, westchester county. neil: you're not saying greenwich is affordable. >> i don't have a mansion, i have a smaller home. there are a lot for sale. neil: you are telling me try greenwich. >> the higher real estate are condos or homes near the railroad station. the millenials from new york city, they moved out to brooklyn or to new jersey. because of communication capability today in technology, i work out of my home. i'm a trader.

i work out of my home. i can do it anywhere. it doesn't matter. because of the internet. neil: you chose greenwich. >> i could do it here. susan: my mom is like why do you want to pay city taxes to live in new york. you can go to new jersey. i'm like what about the income tax, though? if i want to own a home. neil: they are all expensive, new york, new jersey, connecticut. >> they are also getting married later, millenials. they are either just living together or dating a lot, but marriage has been put off because of expenses. neil: isn't this cities are costly and people are like i have to go to the suburbs and they come back when things get a little better. now what's happening, you are an exception to this, they are leaving and not coming back. isn't that the concern? jackie: the rental market is part of the concern because rental folks aren't necessarily buying a home but are populating

area where supplies are cheaper. neil: did you look at greenwich? jackie: i would certainly look there. [ speaking simultaneously ] neil: there's palpable anger that millenials feel they have to do that, they might reflect that at the polls. jackie: they might. student loan debt is a big piece of this story. that's why you have candidates saying we should forgive student loan debt, find other ways to pay for it. i'm not sure -- >> i don't agree with that. jackie: they know how to touch that nerve with this piece of the population. susan: especially if you are being sold the american dream where you have to buy a home, a down payment by your early 30s and you are trying to do that when saddled with student debt and trying to live your youth as well in a big expensive city like those thaw mentioned. it's difficult. i can see why the attraction might be to move to the suburbs. not for me personally, no offense to westchester. >> the head winds are very

strong for millenials graduating college or in their 20s and early 30s because they are confronted with an uncertain world. we have the democrats and republicans really going at it more than ever. they are a little confused about what the future will be for them. wage growth is not there. their quality of jobs, a lot of them hate what they do which is a big issue. then they have the health care issue. neil: really? >> not you guys. there are a lot. but wage growth is not there. then they've got the issue of health insurance, with this obamacare program, i mean, my deductibles and coinsurance went through the roof and premiums went up. how are they covering that? that issue i think is holding down the economy. people are paying out of pocket. if you look at the employment numbers that just came out -- susan: we are healthy so we don't have that problem. >> a lot of people are not healthy. but i think it was 35,000 jobs in the report that came out this morning were in the health area. that's a growing area but somebody has to pay for that. insurance is not covering a lot of that. neil: i don't know how you are putting it together.

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neil: now they're worried about aftershocks in california, for good reason. fox news correspondent jeff paul has the latest. jeff? reporter: yeah, we're inside a department store here in ridgecrest, california, and the view really gives you an idea of how powerful this quake was when it hit this area just after 10:30 a.m. local time yesterday. as you take a look at the ceiling, all the tiles came from up there, either during the shaking or shortly after, during a fire water main break that hit this building during that earthquake. we are also learning about some fires that happened down the

street from here, one in particular, if you take a look at this video, happened just down the street from where we are near city hall. the homeowner says that he was out and about during the earthquake, went home to check on his house. at first only saw a few broken windows, but when he went in to check on his beloved classic cars, he opened the garage door and saw the flames. >> what a fourth of july. i quickly forgot what the hell it was all together. bad day when both an earthquake and a house fire that destroyed the house. reporter: so far, we are only hearing reports of minor injuries and when we checked in with the police chief about an hour ago, he told us no fatalities. he told us that he believes this community really dodged a bullet not only in terms of damages or lack thereof, but also the weather. people were out of power for a little while. it's pretty hot out here but it wasn't 115 like he says it normally is. that power has now been

restored. the concern now shifting to what could happen next, if anything. we have felt several aftershocks, early this morning felt one of the most powerful ones, a confirmed magnitude 5.4. seismologists say we can expect more in the coming days. neil: thank you very, very much, jeff. appreciate it. all right. beyond meat, you heard all the rage about it. why some dietitians aren't entirely sold, after this.

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were you prepared for them to come after you? >> i was prepared for them to come after me but i wasn't prepared for the person coming at me the way she came at me. she knew beau, she knows me. neil: joe biden, kamala harris still clashing right now post the debate. the vice president, former vice president doing everything he can to avoid a repeat performance. that has gotten the singular most attention since the debates, for good reason. she surged in the polls, he has dropped, but you know, these are marathons, as people remind me. he's got to right his ship pretty fast, doesn't he? >> i think he does but i don't know about the pretty fast part. we are still early in the game. i think the second debate will be really important for that reason. i think between now and then, they have time to, you know, spar from long distance. i think you have to remember that what's going on is not really entirely a discussion about race and race relations and certainly not busing.

i doubt this nomination will be determined by who is for what on mandatory school busing 40 years ago. kamala harris is essentially saying not only is joe biden wrong on race, his time has passed, it's too late for him, he has too much baggage to carry into this debate and i think vice president is essentially saying look, i don't want to run against other democrats. i want to run against donald trump. that's been the premise of his candidacy from the beginning. i'm the guy who can take on trump. you can tell he's a bit annoyed by the rest of this because he wants to get on to the main match, not the warmup act. neil: i understand he's since come out saying i'm talking about the future but the fact of the matter is, he's not always talking about the future. he talks a lot about his years and maybe rightly so with barack obama, some of the roles he played in those eight years, but it's not as if kamala harris is the only one going back in history here. he lived there. >> it's true. it's always a tricky balance for politicians in a position like this to say hey, i've got the experience, that really counts, that means i know what's coming

up, i know what's going around the corner, i know how to deal with it. oh, by the way, i'm not yesterday's news, i'm also fresh and young and able to change. it's a tough act. barack obama happened to be the guy who was the fresh face and who didn't have to talk about the past. joe biden's got to do both. you're right about that. neil: you know the amount of money that's being raised, sometimes i overobsess with those figures when they come out because it could telegraph early enthusiasm. we saw that with senator barack obama at the time, he was raising a lot of money in small denominations but a lot of it, and we saw it with bernie sanders against hillary clinton. it doesn't necessarily win you the nomination but it gets you attention. so in that front, where right now that money raising prowess has slowed a little bit for him, still enviable by a lot of people's math, does he need to worry? >> he's got a lot to worry about right now but i also think he has a deep reservoir of strength and support and affection with the democratic party. that's not going to go away

overnight. i think he's still got plenty of time to recover. i think to some extent, fund-raising is kind of a lagging indicator, not a leading indicator. if you have had a few good weeks your fund-raising goes up. it's more an indication of what you have just done than what you are about to do. ask pete buttigieg about that. i don't think joe biden's problem is in any way going to be that he's underfunded. he doesn't have to worry about that. he does have to worry a little bit about kamala harris showing that she has a surge coming on right now both in poll it is and in fund-raising and he's going to worry a little about somebody else coming up from around the outside like pete buttigieg. neil: as you reminded me, too, be careful, you know, getting what you wish for. kamala harris now of course enjoying a great deal of notoriety but is getting more scrutiny. a lot of her positions are being closely sort of examined, including medicare for all, whether she really wants that, whether she would swap out private health insurance for government-run plan. she is going to be under the microscope. >> yeah. you and i have both seen this before. this is what happens. you can cruise along in a

presidential primary unscathed for awhile, then when you start to take off, that's when you really get examined closely by other candidates and by the press. that's an uncomfortable period. some people get through it okay, some people then hit the rocks. everybody who is going to rise in a democratic or republican presidential primary hits a period like this, where you are taken seriously, that's the good news. the bad news is you are taken seriously so we are really going to examine your record and position and probe for inconsistencies. that's where kamala harris is right now. neil: all right. always good talking to you. "wall street journal" executive washington editor. really good writer. very prescient on the trends you're seeing right now. meanwhile, we are about half an hour away from the president sort of making his census decision here. again, the high court didn't reject this as much as to say to a lower court they need to make a more convincing argument for why you should ask about someone's citizenship in the u.s. census. we will learn the strategy the administration plans to

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neil: what is the white house's next move on this census? i think in about 20, 22 minutes they have to decide. edward lawrence might know. he's at the white house with more. reporter: hey, neil, the justice department has until 2:00 p.m., a 2:00 p.m. deadline to respond to the federal district court in maryland, the high court, the u.s. supreme court said that the government did not articulate well enough why they needed the question to be included in the census. the justice department at 2:00 p.m. could tell the court the case will be dropped, or the department of justice could tell the court they intend to seek a new legal avenue to get the question on the form. president trump does not want to let this go. >> just spoke with the attorney general. we have a number of different avenues, we can use all of them or one.

we're doing very well on that issue. we're spending $15 billion to $20 billion on a census. we're doing everything. we're finding out everything about everybody. think of it. $15 billion to $20 billion and you're not allowed to ask them are you a citizen. reporter: president donald trump saying there's a third option, he could sign an executive order that would restart the litigation. the president says he's considering that option. the department of justice also has to answer a lawsuit that was filed by a group that opposes the question. this is on a separate track. this answer to them would be why the government misled the courts as to why exactly that question needs to be on the census. a district court judge says there could be merit in that case going forward. the commerce department says that printing has already begun, that process has already begun for the census form without the question. however, the president believes that an addendum could be added with that census question,

citizenship question in it if need be. back to you. neil: edward lawrence, thank you very, very much. we have a trial attorney with us now who says the question needs to be lawful. that's interesting. they just need more compelling evidence, at least the read from the supreme court, for it to be on there, that is the gist of it? >> i think so. the supreme court didn't reject the question. the question has been used many, many times in the past. they rejected the rationale so president trump needs to either come back with a better explanation as to why the voters right act applies. a new consideration saying they had ancillary concerns and we just didn't raise that. or what i really think he should do is say that the intention is to make sure that illegal immigrants are properly represented in government. that's the whole purpose of the census so how could any democratic party be concerned or object to that. neil: you know, i don't know what specific year this question was taken out of the census but there was no hullabaloo raised when it was so why was that and

then why is it simply placing it back in there, which is the vast history of our country on this census, how did it get to be like that? >> i think it was only recently taken out. remember, the census only goes out every ten years. i think it was the obama administration that removed the question. i mean, right now it's simply a political issue that certain states are worried about losing funding or representation, but it's hypocritical to say and spend all this time and money fighting the inclusion of a question when the whole opposition is that we are trying to protect illegal immigrants. neil: let's say they have to come up with a more convincing argument than this keeps track of who's in this country and you know, who are legitimate citizens here versus not. but that is kind of what the commerce department said or the commerce secretary wilbur ross argued in keeping or returning that question to the form. that obviously wasn't enough.

so what would be? >> well, it's hard to say. the challenging issue that the trump administration is going to have is coming forward and saying well, we said one thing but we really meant another. now, they could say and i'm certainly sure they had ancillary concerns that maybe they didn't advance but they need something compelling that they side-stepped the voter rights argument. neil: what's to behoove someone who's illegal filling it out one way or another, whether you are going to answer that question or not? >> well, the real problem is that the faith in the government not to exploit the information because the census information is strictly confidential. it can only be used for statistical purposes. the fact that people are arguing and rightly so that it will discourage honest responses means we don't have faith in the government protecting the information and that's where our efforts should be promoting that the census is protected. neil: given the recent history we have had with information that leaks out, i can well understand. >> well, right, but again,

that's not information from the census. we haven't done a census since 2010. neil: let's hope you're right. thank you very much. good seeing you. we should know in about 15 minutes what the strategy will be and whether that's pushed off or whatever, or whether the census itself is delayed getting out to the public. that may be as late as fall. we shall see. meantime, the mission to mars is on. who's in? once again i have revolutionized the songwriting process. oh, here we go. i know i can't play an instrument, but this... this is my forte. obviously, for auto insurance, we've got the wheel route. obviously. retirement, we're going with a long-term play. makes sense. pet insurance, wait, let me guess... flea flicker. yes! how'd you know? studying my playbook? yeah, actually.

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we're going to be back on the moon very soon and some day soon, we will plant the american flag on mars. it's happening. it's happening. neil: and we've got a couple volunteers right here with me right now. the space race is back on.

the president vowing to put a man on mars or a woman, i should point out. jackie deangelis, listen to this, um-hum, susan li and dan schafer back with me. you know, he's now put it out there he was wondering why we're going back to the moon. i myself was a big fan of space travel until i realized i couldn't fit in the rocket. but it's neat to be thinking this way again, thinking big, dreaming big. >> it is. he is a big thinker. in his speech yesterday, i think what he was trying to do is step away from the politics and just kind of inspire people again. when you think about space travel and eventually one day, i don't think he's saying he's going to do it or we will do it under his tenure but the fact we could put a flag in marchs, it' really amazing. you brought up what other countries are doing, not just the united states in terms of space travel and exploration, it's really phenomenal. but the united states has always been the leader and i think will still probably continue to be. >> elon musk wants to get there by -- he wants to build a city

on mars by the year 2050. originally he thought spacex would start preliminary flights to mars in just a few years. neil: bezos is the one offering people -- >> 500,000 -- neil: right. dan, you volunteered, right? >> didn't get my number. i'm all for space travel. i'm an old-fashioned science fiction kind of guy. loved all those shows and the technology that was in some of these shows in the '50s and '60s, we have them today. dick tracy had the writstwatch. we have it today. i think we will eventually get to the point we know how to get there. kennedy back in 1961 said i think we will have a man on the moon by the end of the decade. everybody thought well -- they laughed him out of the room on that one and look what happened. neil: you know what he had going for him back then, you think about it, was this competition with the then soviet union. >> yes. neil: that could win over

congress to keep funding it and keep funding it. >> but technology broke through in the '60s. that's when computerization started to come in. they figured out star patterns, figured out how to launch and arc these things. that was all able to be done by computer. we just got better at it. but we did have people die on the launch pad. there were a lot of mistakes that happened. there are going to be a lot more mistakes that will happen getting to mars. it's just the way we have to learn it. but we have to keep growing. >> china wants to obviously get to the moon and they also have orbital dreams of their own, right? and if we are in the so-called -- neil: they want to set up a whole colony. >> if it's about funding, we spend a lot on everything else. we should continue to spend on this initiative as well. neil: well, you've got to think big, and people said yeah, but this is -- >> very big. going to the moon in 2024 will overrun nasa by $6 billion a

year. it costs money to get up there. neil: i get it. we'll see what happens. in the meantime, just as important as these plant-based beyond meat burgers. have you ever tasted one? they're delicious. they are delicious. but now i'm worried. you probably heard dietitians saying they're not the best thing for you. >> they're not. neil: isn't that the big allure? >> it's supposed to be. it's a misnomer, you think you're not eating red meat, you are eating a vegetable-based patty. neil: it's made to look like the real deal. >> and taste like it. >> can i interrupt a quick second? my wife is a professional chef. before i left today, she outlined it for me. i have sensitive issues to msg, gluten, high fructose corn syrup. basically the burger is pea protein, high concentrated pea protein but it's got this yeast

extract. neil: i knew it! >> yeast extract, according to my very intelligent wife, says that that anies td that is in t category of natural flavors which are not regulated and could contain msg. this is a burger, this is something that was created to taste like a burger but the ingredients, if you read all the ingredients that are in there, these are things your body could reject. neil: but there's no chemicals, right? >> msg is a chemical. it's not regulated by the fda. neil: does she say it's as bad as a regular beef burger? >> she actually says, she wrote right here, conclusion, rather have a veggie burger with real wholesome ingredients. this is a chemical project. lab made artificially flavored meat. really just pea protein isolate water and oil thickened and flavored. she had one. >> if you don't want to eat

meat, what do you do? it's 20 ounce of protein in a four ounce serving. neil: is this safer or worse than traditional beef burger? >> they are gmo based. the second piece is because they are trying to imitate the flavor of a burger they are using a lot of different oils. so dietitians are saying if you want to eat a real burger, just eat it. just eat it in moderation. it's not healthy. >> higher sodium count as well. again, what about those that don't want to eat a cow or any animal derivative? this is probably your only choice. doesn't tofu have as much as one of these burgers? >> i eat tofu and -- neil: it is a little weird. it can become anything you want it to be. >> depends on the sauce. neil: right? >> any time i see an ingredient where it says natural, that's just not a regulated word. that's a problem. when we see natural flavoring,

natural -- >> it's an oxymoron. >> what is the actual flavoring? neil: jumbo shrimp. >> right. >> when you want to eat healthy, go back to basics. if you are trying to eat beyond meat to be healthy, just eat a salad. neil: thank you. by the way, on a more serious note, it could be a preview of coming attractions for boeing. it's already setting aside $100 million to families, communities affected by these two 737 max crashes. i imagine, dan, it's going to run into the billions when all is said and done. i'm talking about just delays and orders that people want rescinded. >> yeah. this is a big problem. it's a problem that they probably knew about. it's been covered up. this is what the world -- neil: 100 million for victims' families. >> which has nothing to do with the lawsuit, what i read. they are -- neil: even that won't be enough. >> is there ever enough? to compensate somebody for somebody who died? how do you -- i mean, i read a

guy's whole family was wiped out. he's all alone now. how do you spent for that? >> it's not just the family litigation. it's also pilots as well, 400 of them around the world saying we have lost wages, we may not even see this plane in the sky again. can you imagine our future as pilots. neil: for boeing, they didn't call it an opening figure but this is a starting point. it's going to be a lot. >> where does that money come from? >> they are trying to establish good will with the families of the people who perished because as you said, if it is concluded that they had a problem that they knew about, that's a serious problem and this is a huge company. people start feeling like they don't want to fly in their planes anymore, you know, i think this is just a drop in the bucket of what they can try to do to repair that image but it's going to be tough. neil: a lot of people up to this have never checked what kind of plane is this. >> nope. >> i do now. yeah, i do. >> i always did.

neil: did you really? >> i was afraid of flying. one of my favorite shows is on national geographic, airplane investigation. maybe that's why. neil: i agree with you. i think now people are changing the tune about it and just wanting to make sure. even when these things are brought back, and it's by the end of the year they hope, it's going to be tough because it's in the public. >> i think so. i think so. especially with this particular model. neil: real quick, i just want to get your quick thoughts on this census question issue. will it be resolved or what? >> i think he's going full executive order. why shy away at this point? you saw the military tanks, the fly-by with the stealth fighter jets. i think he's showing strength later on today. neil: he will one way or the other put that question in there, right? >> i think that's what he would like to do and he will do everything he can to get it in there. neil: if he doesn't, does he delay the reports, the census's release? >> i doubt it. neil: it's only done once every ten years. you got to get it done. >> i doubt it.

i think he said he will move forward with it but will try to figure out which avenues are open. neil: we will know in about five minutes. stay with us. . . ♪♪ ♪♪

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and here, working with all our other ai! i think we're done here. expect more from ai. ibm watson. neil: we follow the money here. dribs and drabs from presidential candidates latest they raised in last quarter, senator kamala harris, says she raised 12 million bucks in second quarter. that puts her line some. party luminaries. she was in single million digits. i imagine a good chunk came post the debate she scored significant praise and kudos from the media and from democrats in general. now she has to sustain that. now they will talk about her message from "medicare for all," to paying for kids college loans and debts, all of that stuff.

that is the flip side of raising money, getting attention. all of sudden you become the target. she becomes the new joe biden in that regard. still has comfortable edge with overall funds raised. stiller, a long way to go. to my buddy charles payne. charles: thank you very much. i'm charles payne this is making money. it was a monster jobs report. the markets remain on fire. we'll break it down for the possible path of the federal reserve, what they do later this month and for the rest of the year. iran issuing a new warning to start enriching uranium, to quote, any amount they want. we have an expert here to tell what the latest threat could mean. president trump delivering a power being speech to boost american pride and patriotism on independence day. >> our nation is stronger today than it ever was before. it is its strongest