i got that right. i picked brown. normally i get the trivia questions wrong every time, when it comes to chocolate i'm your man. stuart: okay. what's the most popular, there are more of what color m&ms more than any other? what is the color most of them? ashley: i would say yellow or green but i know it is wrong, the prompter is in front of me. stuart: blue, blue. i can tell it. believe me, it is blue. look who is here, david asman, not particularly keen on m&ms or smarties. david: absolutely not true. m&ms are my favorite. there was a rumor it was green. rock and roll stars were demanding nothing but green in nair own green room before they went on to perform. i was wrong on both counts, who knew, who knew. thank you, stu. welcome to cavuto "coast to coast." i'm david asman in for neil today. a busy two hours ahead as the

dow industrials start the week in the green hitting 35,000 for the first time. look at nasdaq, that one is getting hammered, tech stocks not liking what they're seeing. our top story fears of a possible fuel shortage after a cyberattack shutting down one of the largest pipelines in the country. of course remember, one of the first executive actions of this president was to shut down another pipeline, perhaps making us more vulnerable to these attacks. we're going to get reaction from arkansas attorney general leslie rutledge coming right up. a growing worker shortage. one texas trucking company is offering a huge payday to get drivers on the road. you will not believe how much. we'll tell you coming up. critics blasting the defund the police movement after a shooting left three bystanders right in the middle of times square wounded in the weekend. we have detroit police chief

james craig coming up. first, american energy under threat after a cyberattack shuts down one of the largest pipelines in the country. sparking fears of a possible fuel shortage and fuel shortages coming up even more. price futures analyst i saw reporting on this over the weekend, phil flynn with some. details. what is the latest, phil? >> thank you, david. of course right now the market is still in shock about this attack on the center of the u.s. energy infrastructure. this major pipeline takes almost 45% of the supply from the gulf coast to the east coast. that will cite a possibility of a shortage of supply. beyond that, david, this is an attack on u.s. national security because the more we're vulnerable to these types of attacks, our economy is at risk as well as the country. people's lives are at risk. we've seen initially on these reports the price of gas --

gasoline surge almost 4% overnight. it pulled back a little bit on a couple of reports that the biden administration is already allowing truck drivers to drive more hours to get supply to where it needs to be in this emergency. there is even some talk that the biden administration is considering lifting the jones act which will allow foreign supplies of gasoline to come into new york harbor. that could alleviate some of the shortages but it isn't going to alleviate the concerns about u.s. energy infrastructure which at this point of course looks very vulnerable to our enemies across the world. david: on the foreign oil sheikhs we hope we had energy independence from. the situation is very different. phil flynn, thank you very much. our next guest safes president biden's radical climate agenda could make the fallout of all

this even worse. joining me arkansas attorney general leslie rutledge. thank you for being here. the first executive order of this president back in january was to cancel the xl keystone pipeline. i'm just wondering we don't know what is behind the attack. i think the attackers thought we were more vulnerable because we're eliminating one pipeline and reduces their options? >> we have people out of jobs because the keystone pipeline permit being canceled. gas prices are escalating, up 70 plus cents since the election, hurting arkansans and americans at the pump, when we go to buy groceries. everything is a cost of this. now we're having cyberattacks a real threat to our energy independence in addition to the keystone pipeline being canceled. david: there were a lot of lawsuits against the administration for what they were done. there were a lot of promises

made to the canadian company behind the xl pipeline, et cetera. what is the latest on that? is it a done deal, is the president's executive order going to stand canceling that project? >> hopefully not. we've already sued president joe biden a number of times, i have, and my colleagues, republicans attorneys general have sued president biden for canceling the keystone pipeline, essentially what he has done is canceled jobs, taking good jobs from hard-working arkansans and americans on a hope and a prayer of the green new deal jobs and it is not environmentally better for the united states. it takes 645 railcars to move same amount of crude oil in a day than it would take to push it through the keystone pipeline. so it hurts jobs it, hurts economy. makes us less energy independent. it's a bad deal and joe biden has to be stopped. why i'm suing him on the behalf of the state of arkansas to stop these unconstitutional executive orders from this president. david: one of the hardest things

in this country is when the poor have to pay the price for bad policy decisions and poor people more than any other group of people are hurt by rising energy prices, whether it's home heating or when you go to the gas pump to fill up. it is a regressive tax, is it not, when you see the prices go up so much on energy? >> well certainly, that's what we're seeing again the price at the pump has gone up 70 plus percent. arkansas is a huge agriculture state. number one industry. my husband's a row crop farmer. it will cost him more to put crops in the field, to take them out of the field to get them to the mills where they can go be exported. this is happening across the country. it is going to cost mom and dads more to go to the grocery store just to get there. and it will cost more for the groceries to be delivered. we're seeing these, this exponential cost increase impact real americans, hard-working americans and arkansans. that is all we've got to put a

stop to these out of control executive orders. same thing with -- david: we have to move on but i do want you to react to our next story which is also of great concern i know to the folks, to arkansans who you represent. i want to alert our viewers the fact in the next hour we'll get reaction to the massive pipeline attack from former nsa director keith alexander. you don't want to miss that in the 1:00 p.m. eastern hour time. getting people back to work, republicans, and the u.s. chamber of commerce calling to end the 300-dollar weekly supplemental unemployment benefits following that dismal jobs report last week. a lot of people blame on supplemental while president biden calls for even more spending. blake burman at the white house with how all of this is moving ahead this week. hi, blake. reporter: david, good afternoon. it will be a pretty big week over here at the white house as president biden will sit down with a host of lawmakers on both sides of the aisle to walk through his vision, maybe hear

their thoughts, concerns as it relates to the american jobs plan, the infrastructure package and the american families plan, education and child care package as well. let me sort of walk you through some of the meetings real quick that will be taking place over here. we're told that too, that will happen, one-on-one sit-downs, ally of the president, tom carper, joe manchin, democratic senator, one of the more influential people here in washington. on wednesday, chuck schumer, nancy pelosi, mitch mcconnell, and kevin mccarthy sit down. first time they have met with the president on this end of the pennsylvania avenue. that will not end. the president will meet with a half dozen republican senators as well. we will be hearing from president biden in the next hour, david. one of the things i'm told from the white house that the president will be talking about is unemployment insurance. as you know with the jobs print on friday, that has led many to question as you talked about, whether or not the federal

plus-up, the 300-dollar weekly plus-up needs to go, needs to end. the chamber of commerce has called for that. sew too republican lawmakers say that needs to be him nated. watch. >> we can't just take in this report around do nothing and we certainly can't make things worse. there is an opportunity here for us to turn it around and the biden administration and congressional democrats could be part of that solution. step one, is getting able-bodied adults back in the workforce rather than paying them more to stay home. reporter: at the white house the administration is making the argument there is some evidence but they say it doesn't come close to explaining everything that is happening in the labor market. >> so there is certainly anecdotal evidence, by the way this is regional, and it is appropriate that governors in different regions would respond to what is going on in their regional labor market but if you look nationally wages are not going up. people are still telling us the number one reason they're not going back to work is fear due

to the virus. reporter: so, david, this 300-dollar weekly federal plus-up will be talked about by the president in an hour's time. you have to imagine as the lawmakers come over to the white house throughout the week it, will be part of the conversation. david: blake, thank you very much. good to see you. three states already have ended or planning to end federal unemployment, the supplemental. arkansas is forgoing benefits starting in june. let's go back to arkansas attorney general on this. you just heard the administration saying that in fact the supplemental has nothing to do with those extraordinarily disappointing jobs results. everybody was expecting a million new jobs in april. in fact we got one-fourth of that, about 260,000 new jobs. do you, do you feel that the main reason why that was such a disappointing jobs report was because of the supplemental unemmoment insurance? >> businesses can't hire people

right now, so yes, we want able-bodied americans and arkansans to get back to work. i'm proud of the state of arkansas stating at the end of june we're not longer accepting that 300 plus. that we have too many businesses who can't hire people right here in ozark, arkansas. i've been visiting with the chamber. river city cafe can't even open. the owners river city barbecue, can't open their new restaurant, river city cafe, because they can't get people to come back to work. because the federal government is giving people mooney to stay at home. these are able-bodied arkansans, americans we need back in the workforce. we don't need people staying at home when they can go back to work. we need them. this is not regional issues. this is about getting people back into the workforce, making sure small businesses that are coming to work and taking care of their families. david: you know it was particularly women who were hurt by, it is reflected in this jobs

report that they are having very, very much difficulty getting back to work s that because schools continue to remain closed and women more often are the ones taking care of kids at home? >> we need schools to be open. we are all, we know this last year has been challenging with the pandemic but those young people need to be back in classrooms. here in northwest arkansas one of the schools today, for the first time that the teachers have gone without, wearing masks, showing kid and working with them because they haven't had new cases throughout their school system. this is important to get kids learning. it is important to get moms and dads back to work taking care of their families and off taxpayer payrolls. we need arkansans back to work, we need americans back to work and businesses open. david: the phrase is perverse incentives. that is the economic phrase for what happens when you prevent people going to work by good intentions. arkansas attorney general, leslie rutledge, good to see you

again. thanks for being here. appreciate it. in an effort to fill job openings, one texas trucking can company is offering some experienced drivers of a salary as much as $14,000 per week. you didn't mishear me. 14,000 a week. joining me the man in charge, sisu energy owner and ceo jim grundy. jim, i can't imagine there are many drivers getting that amount of money but is it working? have you filled those positions? >> well, we work down here in texas. since governor greg abbott allowed us, the great state of texas to reopen and business is thriving down here what we've seen is substantial shortage of trucking. we really specialize in the oil fields. we mainly contract owner operators. we're seeing our owner operators gross upwards $14,000 revenue a week. even within that, we're having hardest time finding folks that want to do that line of work. since this story came out on

thursday, we've had no less than half a million people reach us via the website. thousands of phone calls. we're talking folks from washington, oregon, california, new york, new jersey, begging to get, for opportunities. whether they work for us we're redirecting them to companies that are hiring, that can help them. david: it is nice to note that despite our last segment we're talking about people being paid to stay at home, it is not affecting your business at all. what is the average trucker getting from your company, per week? >> i think average trucker, those that want to do that, the net dollars somewhere 7 to $9,000 take-home pay every week. after their expenses, what they're doing. it is not just sisu energy. there are some wonderful energy companies down here. texas is open. greg abbott made sure of that. we're behind his leadership. we're going to follow that. you know, what's sad, if sisu

was located in pennsylvania per se, these opportunities wouldn't be available right now. david: yes. >> because of where we're at, leadership we have, we have been very fortunate. we've been very lucky. now we're just trying to spread the good word, get people back to work on their feet. it is overwhelming in the response. texas has half a million jobs open statewide, whether it is in energy, education, technology, we're open for business. it's a call to arms. people around the country need help, we'll try to help them. david: people are voting with their feet. as you mentioned, to have that many people calling in, just for the opportunity to apply for the jobs shows you how much interest in what you guys in texas are doing. what the folks in florida are doing as opposed to some other states. president biden claims that we are going to create all of these green jobs that will pay as well or even better than carbon energy jobs. doesn't seem to be the case in your industry? >> i mean it makes for a cute

narrative when it is time, it is time to count the votes but the reality is we're years away from the green initiative. look, the oil and gas industry is all about making things cleaner, more efficient. you're seeing fracking. we work in fracking. you've seen that industry come so far in the last 10 years with technology and advances from the companies like halliburton, schlumberger companies that really invested in technology and development. that is more of a sound bite and narrative. our industry is doing everything it can to be as safe as possible. david: jim, i have to run. the administration obviously doesn't like carbon energy. they talk about phasing it out entirely from our economy. are you concerned they may try to shut you down somehow? >> i think there is a few million folks down here in texas that will fight back. i don't, i think the central government, this is overreach and they really need to back

out-of-states rights and this is more after state issue. i don't see anybody touching texas or shutting us down. david: jim, thank you. congratulations and most of all to congratulations to the new workers that are getting paid a fortune. good to have you. >> thanks. david: shooting in times square amid calls to defund the police. we'll get reaction from detroit police chief james craig when we come back. stay tuned. >> if the city cannot stop shoot ings in times square what does that say in black and brown communities throughout our city where we're under investing, we know rates of gun violence are higher? the truth is new york city cannot afford to defund the police.

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was a child shot in times square. she her several is the mother of a 6-month-old boy. she quickly jumped into action. immediately on the scene she put a tourniquet on the girl who had been shot in the leg. >> at the time she was screaming when we were tightening it on her. after that she was back to being very calm. a brave little girl. probably about 10 seconds after that i picked her up. reporter: video shows the officer sprinting through times square with the child's mom, dashing behind. the family had been toy shopping after gunfire rang out on saturday. the little girl underwent surgery. the victims include a 43-year-old woman, and a 23-year-old tourist visiting the city from rhode island with her family. when the shooting started she didn't tell anyone she was shot until she knew her child was out of harm's way. they're looking for a

31-year-old farrakhan mohammed. the nypd know about him. they will find him. last year he beat a person and shoved them in a trashcan during an argument over a cd. this man was identified by his brother who says he was the intended victim n a separate incident on saturday a man was stabbed repeatedly nearby, later died in a nearby hospital. a 60-year-old was shoved on to subway tracks. we're seeing shooting increases rise in the city since april. last month the shootings increased 166% compared to april ever last year. just over the past weekend, we saw 20 people being shot including the three victims shot here in times square. david? david: wow, that is -- it's a huge increase. i have lived here 40 years, i never seen an increase in crime like that. thank you very much, alex, great interview. new york city mayoral candidate andrew yang says the times square shooting proves the city

cannot afford to defund the police. detroit police chief james craig has been saying that about all cities. great to see you. thanks so much for being here. i warrant to say as important as defunding the police is in relation to these tremendous jump, 168% increase in shootings in new york, we're seeing it all over the country in major cities. it is about letting criminals out. we capture criminals, the new so-called bail reform law allow violent criminals to get out almost immediately. >> you know, david, first off, thank you for having me on your show. then let me start saying look at nypd officer, she is an american hero. david: she is. >> let me just, i got to tell you, everything that is going on right now, when you look at new york, my hat goes off to the men and women still serving, they just voted to take away qualified immunity. and also, there has been a 75%

increase in attrition. they are leaving nypd. so cops do matter. they really do matter. so ending qualified immunity is a veiled attempt to dismantling police departments. defunding is a precursor to dismantling. this is real what we're seeing right now but, you talk about, you mentioned it, david, about bail reform, it is bail reform. not only bail reform but so-called compassionate releases, they're using no judgment, no independent judgment on who should be released from custody. some of the people being released have very violent history. i'm not talking about a property crime suspect. release them, put them on a tether but we had a sergeant here was murdered in 2019 by an estranged child's father, murdered the officer. he is arrested. charged with premeditated second-degree murder and the

judge recently released him out on tether. this is what we're dealing with. david: wow. >> not just police officers that can solve this problem. who is holding judges accountable? who is holding -- david: forgive me for interrupting, but what is compassionate about allowing innocent people to die, particularly if they're police officers themselves, to be shot? i mean we had, when i first moved to new york we were having 2000 murders a year. then we had giuliani came in with a lot of proactive policing that of course, the liberal elite can't stand but that reduced the number of murders down to below 500 a year. that is dramatic decrease in the number. and to me, it is more compassionate to prevent people from being killed than to allow violent criminals out in the streets? >> david it is no longer about the victims, fair families. it is no longer about those who

live in vulnerable communities. who is talking to them? people make reckless statements of defunding, dismantling and removing or eliminating incarceration. who are they speaking for? they're not speaking for the folks that want the police, they can't want ethical, constitutional policing. who speaks for them? david: you have. you have done so bravely or honorably. i'm afraid to announce you are going to retire as detroit police chief. >> yes. david: but the good news for the people who support you, you are also planning as i have heard to announce for a run for governor against governor whitaker in 2022. you have want to announce it here, chief? >> can't announce that, sir, but i will tell you this i'm a lifelong public servant and michiganers across the state, around the country, have asked me and this is one of the things i'm considering but i have not made a decision.

certainly today is all going to be about my retirement, 44 years as a law enforcement public servant and then in the coming weeks i will provide my decision at this point. david: but it seems, it seems like you're, the odds are in favor of your running, am i right? >> let me just say this, that is something that i'm considering and news to come in the coming weeks. right now we want to talk about the retirement. i'm going to continue to be deeply passionate as a public servant and leader. david: yeah. >> so but more to come. david: let me just ask this question. on what issue do you think governor whitaker is more vulnerable? is it on the crime issue or is it on her, she is sort of become the poster-child in the nation for lockdowns, severe lockdowns and executive actions that tick off a lot of michiganders. which issue is she more vulnerable on? >> well, david, what i will do

right now, i know everybody wants to get to the core ever what my next steps will be, i will address, if that is the decision that i will make, i will absolutely address all of those issues but right now i want to continue to create an orderly transition out of the detroit police department. make sure, work with the mayor on the appropriate type of leadership but, more to come. david: all right. you have to understand it is my job to try to tickle that information out of you. i was unable to do it. >> i'm just saying. david: we want to thank you for coming on once again and congratulations on 44 very honorable years of working with the police department. you should be very proud, sir. we appreciate you being here again. >> thank you. i appreciate it. thank you always. david: absolutely, chief. elon musk sending dogecoins sliding and then sending the cryptocurrency to the moon. we'll explain right after the

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♪. >> now what is dogecoin? >> wet it actually started as a joke based on an internet meme, but now it has taken off in a real way. >> for instance this is dollar it is real. >> sort of real. >> so what is dogecoin? [laughter] >> about as real as that dollar. >> i get that, but what is it, man? [laughter] >> i keep telling you it's a cryptocurrency you can trade for conventional money. >> oh. so it's a hustle? >> yeah it's a hustle. david: he kind of let that one out. dogecoin dropping following those remarks from elon musk but then it bounced back off the lows after he tweeted out spacex

will accept dogecoin for its moon mission. meanwhile ethereum, the world's second largest cryptocurrency soaring above 4,000 for the first time. i'm joined by annandale capital ceo, george seay, fifth third bank chief investment strategist , jeff cornik. good to see you both. the fact that dogecoin would react quickly to a offhanded comedic segment by elon musk tells me it is not stable. what do you say? >> we agree with that. these cryptocurrencies are a very interesting development for sure but it is hard to see as viable means of exchange, something that has value, whether dogecoin or experience we've seen with bitcoin or the rest. this volatility is a real obstacle to widespread adoption. david: on the other hand, george, if you're interested in cryptos, ethereum has been doing

well. this year it has been doing better than bitcoin has. so is that the place to put your money if you want to make a bet on cryptos? >> well, david, i never thought we would get back to a 1999 tech bubble market in my lifetime but here we are and the most speculative things are all over the map. they go up 30%. they go down 50%. they go up 200%. there are two things at play here. one people want to gamble in the casino and it is legal to do that kind of things but they have to know that. second, this is the most troubling of society over all, this is vote of no confidence in our central banks, governments around the world and paper fiat cure currency. they don't want it. they want a separate medium. it has functionality but it is gambling. david: jeff, i saw you were nodding in agreement. we've seen all kinds of craziness from central banks to buying up treasurys to even

getting involved in the marketplace, corporate bonds, stuff like that. it is, a lot of central banks all around the world have been showing themselves to be almost as unstable as cryptos? >> well we're not that critical of the central bank approach but we think it increases the risks and certainly the interest in crypto is a reflection of a hunger for and all tern i have to the u.s. dollar as a reserve currency and that is a potential problem for the u.s., absolutely. david: we do have an alternative, george, and that's gold and gold has been going down the past few months partly because of the rise of cryptos. will, if cryptos begin to waiver more than they have, become unstable, will gold get another boost because people are looking for an alternative? >> i think lot of people more investors than traders will do just that, david. but i think crypto trumps right now, because it makes you a whole lot more money, more of a

gamble casino. this is the unattractive side of cryptos that people are gambling with it. david: jeff, finally we have this horrible ransom wear attack of the colonial pipeline there is work they were asking for payment in bitcoin which because it is untraceable and so forth. is that going to be a harbor against the cryptocurrencies as central banks say look, this is precisely the reason why we need national currencies to avoid hiding money like that? >> ultimately part of our skepticism towards these kinds of, these cryptocurrencies in that their highest calling in many ways, their highest marginal value is for illegal activity. interesting, that we did about two years ago, three years ago, a thumbnail sketch of how one might value bitcoin. if you assume that bitcoin is the winner-take-all currency, you assume that its highest marginal value is illegal

activity, we took the estimated value of illegal activity around the globe, divided that into by the total number of bitcoins, came out to valuation of bitcoin about $70,000 per token. even if you believe it is the wave of the future, by valuation metric i think is reasonable, you have to say it is almost fully valued. david: yeah. >> on all accounts we're shying away. david: i thought it was fully valued at 1000 bucks. that shows you how crazy things have gotten. jeff, george, thank you very much. coming up, seasonal mask wearing, why dr. anthony fauci people may keep the mask on after the pandemic is over. is that necessary? ♪. if you wake up thinking about the market and want to make the right moves fast... get decision tech from fidelity.

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♪. david: we have some break news. there's a security brief going on at the white house about that colonial pipeline hack. we can tell you some of the details which is that colonial plans to substantially restore operational service by the end of the week. that's god news. they're also evaluating product inventory at the storage tanks. that is critical, working with shippers to move product to the terminals. we'll update you on the story. meanwhile, there is this. >> so it is conceivable that as we go on a year or two or more from now, during certain seasonal periods when you have respiratory borne viruses like the flew, people might actually elect to wear masks to diminish the likelihood you spread the respiratory borne diseases. david: so the masks may continue despite the end of the pandemic. i'm joined by dr. kevin

campbell. i know we're not at the end of pandemic. some countries are going through terrible problems, india, brazil. what he is suggesting this may become a permanent part of the landscape. do you agree? >> i think the key point what he said they may elect. mandating masks years from now doesn't make sense unless we have another outbreak of the covid virus. i think right now we're seeing over 154 million americans with their first dose, almost 75 to 80% of all americans over 65 which are at high-risk already had at least one dose. we're approaching that place where we're going to come close to herd immunity. the focus should be on vaccinating everyone rather than worrying about masking at this point in time. david: plus we're getting some information that really does not correspond with a lot of the advice cdc, of course they have contradicted themselves quite often but even the things they have stuck with. for example, on lockdowns, now we're getting information that

it seems you were safer if you weren't locked down in your house or your apartment. that is if you were at either the workplace or even in an airplane where you have a ventilation system that is better than anything you could get at home. it was more dangerous to be at home than it was to be at work in many of these cases? >> you know i think there are some negative effects to these lockdowns. obviously there is some economic fallout, but just emotionally and psychologically we're seeing suicide rates, depression, we're seeing lots of things, emotional disorders prop up. we're seeing higher rates of obesity, high blood pressure, diabetes, because we sort of shut down our lives. i think in some cases lockdowns were necessary but at this point we need to start thinking about opening up. we need to, you know, fully vaccinate people in my opinion after two weeks, really don't need to wear masks. i think that there are certain settings like health care doctors offices, hospitals, things of that sort, i think

fully vaccinated people should wear masks. david: a lot of politicians gotten accustomed, clone accustomed to taking so much power through the lockdowns, through these executive orders go way beyond constitutionally what was envisioned power a politician would have in this country, i'm thinking they're willing to pick and choose what advice they're going to get so they can hold on to their power. what do you think? >> i think you made a good point there. i think what we have to focus on is what is the data? the daily case rates are going down. the positivetive rates are going down. that doesn't mean continued restrictions at high levels. that means start loosening restrictions in a logical way. that means if we see spikes there may be a need to reinstitute restrictions f we'll follow the science, let's follow the science. let's not make this about politics. david: dr. kevin campbell, thank you for being here. appreciate it.

still ahead sticker shock the price of everything from lumber to groceries surging. why we must have to get used to these higher costs. that's coming up. ♪ that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. if i could, i'd ten-x everything. like a coffee run... don't just sell it. ten-x it.

♪. >> welcome back to "coast to coast." i'm grady trimble in chicago where we're following the ever rising cost of lumber and the fallout from that. the national association of builders says because of the rising cost of lumber the average new home will cost you some $36,000. lumber prices up 250% compared to a year ago. john here at acme lumber knows this. we actually heard from a customer who said i wanted to build a second floor of my home. i'm no longer doing it because it costs too darn much. >> people are getting financial squeeze. they want to do things, how can they afford it at these prices. >> what is the main cause of this? demand is up, people are building decks, sheds, new homes during the pandemic. is that the only reason? >> they're also having production problems. people are not coming to work in the mills and trucking all of

that. so now we have a problem of transportation and, just production. reporter: we've heard of this labor shortage causing issues across industries. this is the latest one. how long can this last? because at some point, like we heard from that customer, people will say, you know what? i will wait until prices go back down but will that happen? >> we'll have to find out. it will be interesting to see. there is nothing i guess in the immediate future until really demand stops. reporter: as of right now, david, doesn't seem like that will happen as john indicated there. prices may continue to rise which is pretty hard to believe. david: sure is. grady, thank you very much. it is not just lumber, folks. new study showing prices of everything from processed meat to beauty products have skyrocketed by double-digit percentages over the past year. let's bring back our panel of market watchers, george seay and jeff korcnik. jeff, first to you, i think it is very simple. if the government continues to

print money to pay for these trillion dollars programs, you will have more inflation. inflation is too much money chasing too few goods. that is what we have in this economy right now? >> i think you could have made that argument many times over the last couple decades and yet we didn't have a tremendous amount of inflation. i'm very sympathetic to the view we have a rush of cash coming in. that is causing a dislocation. let's remember the cure for high commodity prices is high commodity prices. because that brings new production online. it takes time but that has been the tradition. wage inflation is a little bit more troubling but we're not there yet. david: but the fact is, george, you do have a problem of around administration which is actively trying to end our reliance on certain commodities like oil, for example. that is causing prices to go up. that will not be helped by competition. because the government is trying to kill the industry?

>> well, the fed thinks this will tamp out after two or three quarters, they're confident in their viewpoint on that. they are placing a large bet. if it doesn't tamp down it will be bad for the economy. very few people remember the stagflation of the mid to late 70s. it was miserable time in the economy. the carter index put out how miserable it was. i worry more about main street, david, the little guy has to pay 50% more for milk, flour, salt, its them hard. the companies pass prices through, raising prices, holding hands jumping into the inflation being caused by the government. david: jeff, i came into the job market in the late 1970s. it was also not only inflation that was killing us by interest rates which were higher. the fed thinks it can keep interest rates down by buying up all the treasury bonds they can find to tune of 150 billion a

month, maybe a little less or more depending on the month but is the fed trying to play a fool's errand believing they can fight interest rate rises because of this? >> ultimately if you increase inflationary expectations enough, which has not yet happened that can overcome anything the fed does as far as i'm concerned. david: yeah. >> it asset purchases as well as the long-term commitment to low fed funds rates that are pulling down the whole treasury curve right now as well. and that can go on unless really break these inflation expectations to the upside. david: jeff and george, we have to leave it at that good to see you guys. thank you very much. after the break why one california restaurant owner is blame agroing worker shortage on a growing leadership failure in the golden state. more "cavuto: coast to coast" after this.

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direct or keith alexander that's coming up and weaponizing the new coronavirus. why a new report is raising alarms about china possibly preparing for world war iii. meanwhile, california school officials facing criticism over plans to scrap accelerated math courses, because of racial disparities. the details coming up but first, the top story this hour, a make or break week for president biden's spending plans, negotiations kicking off this week, with a group of republican senators who are pushing their scaled down $600 billion proposal, fox news congressional correspondent jackie jacqui heinrich is live from d.c., it's hard to believe that 600 billion is the scaled down version of this. reporter: well, david, there are actually three big meetings this week that are going to have a huge impact on the future of the american jobs plan. on wednesday, there's a bipartisan meeting between house speaker nancy pelosi, senate minority leader mitch mcconnell,

and senate majority leader chuck schumer and also the house minority leader kevin mccarthy and then on thursday, president biden is meeting with that group of republican senators who made that counteroffer on the gop infrastructure package that $568 billion counter offer, and today, president biden is meeting with senators joe manchin and tom harper. joe manchin has been a wildcard on whether he would support passing legislation along party lines if republicans and democrats can't strike a deal in any of the upcoming meetings. mitch mcconnell said this weekend he thinks the infrastructure package should cost between $600 billion and $800 billion opposed to the $2.3 trillion package the white house wants. there are also big divides on what each side considers to be infrastructure and how it should all be paid forment the democrat s want to increase taxes on the corporations and wealthy saying that plan would not increase the deficit but republicans think it would make the country less competitive, and they want to, instead, increase fees for vehicle users, and tap into unused coronavirus

relief funds. >> any time you're talking about $7 trillion in spending in one year and you're not going to deficit spend, grab your wallet, [laughter] i don't care who you are, and so of course, they are nervous, because you're talking about spending inevitably ends up hurting the economy. reporter: the disappointing april jobs report also complicates these negotiations. republicans say that it's proof that spending, big spending from the coronavirus relief bill slowed down hiring, it aided unemployment, extended it through september and slowed down hiring in their view, but the democrats see it as proof that the country needs to pass investments on family care, which is a big component of president biden's recovery packages and they think that that is critical to getting people back to work so we'll see where these two sides can come together if at all. david: doesn't seem like there's much room to come together, janney heinrich good to see you.

well businesses are facing a worker shortage and pointing fingers towards federal unemployment benefits saying it's jeopardizing the expansion of the economy. lydia hu is at a manufacturing plant in gibbstown, new jersey with more. hi, lidia. reporter: hi, david, that friday report showed us that the manufacturing industry lost about 18,000 jobs and that leads manufactures that we've been speaking to scratching their heads because they tell us they are hiring. we are at keystone industries and right behind us, you can see that workers are packaging a colored powder used by professional manicureists to provide manicures and it's a big industry and we are talking to bob stuart here, because he says that the company has been hiring for more than a year. bob, you have a sign posted out front of your facility that it's advertising open positions. you've been saying you offer to all of your employees but tell us what has hiring over the past year during covid been like? has it been more challenging?

>> yes its been very difficult year for everyone i think in the manufacturing industry, but we're very proud here at key stone that we never laid anyone off during the pandemic, and we actually moved our manufacturing to make hand sanitizer, which we're very proud that we could contribute. reporter: you've stayed busy throughout the pandemic but you've also had open positions remain about 10% of your jobs remain unfilled and you said your applicant pool actually dwindled rather than increased you're hopeful it'll turn around soon. >> yes we have 76 positions open in manufacturing similar to the ones you see behind me out of a workforce of about 600, and we're actively recruiting hard, just like every other manufacturer, we have incentives and benefits and things to hopefully bring people to keystone for a long term career. reporter: we've got some additional insight from the new jersey manufacturing extension program. that organization actually pins responsibility on the continuing federal unemployment benefits. listen. >> i'm here with some of the

anecdotes that we're hearing , and we made an offer to a new employee and they couldn't accept it because it would mess with their unemployment benefits i'm going to wait and see what happens with the unemployment benefits and stimulus. reporter: and now, some states like montana and south carolina, arkansas, they're ending the federal unemployment benefits hoping, david, that's going to encourage more workers to the return to the workforce, back to you. david: lidia thank you very much appreciate it. well, commerce secretary gina ra imundo was asked yesterday if high unemployment checks are responsible for the disappointing jobs numbers. listen. >> on unemployment, there are a lot of people who believe that the unemployment relief that people are getting is hurting in the job market, essentially people are keeping unemployment instead of going to look for work. >> obviously, we are monitoring that, but at this point, there's

nothing in the data which would suggest that that's the reason people are out of work. the number one reason now that people aren't going back to work is what you said. fear. >> some people say the data itself would indicate the unemployment benefits are keeping people at home. joining us slap fish restaurant co-founder and executive chief andrew gruel, who supports a save california restaurants plan for california dining establishments that have been impacted by covid-19. andrew, first of all, what would you tell the commerce secretary about what is preventing you from being able to find enough workers? >> well, it's fear, potentially although fear for probably different reasons. i would suggest that it's fear that the industry is going to get shutdown again because so many people in california tried to get unemployment benefits originally after the six or seven shutdown and then they couldn't and now they have gotten them and they are shutting down in oregon, washington, i mean there's this gloom and doom mentality, how do we know we're not going

to get shutdown again but also it's because they are using the unemployment benefits, you know, for the right reason in many cases, because the schools are closed here in california. so if the schools were open then the parents could go work but in the absence of that opportunity, parents have to stay home and take care of their kids and then it's a trade-off with the labor, right? there's so many elements leading to this shortage that we see right now, but to ignore the reality of the cost benefit analysis that our workers are doing, i think is a little bit siller. david: and it's troublesome that one of the chief economists of the administration would not ignore it entirely, but suggest that it has very little to do with those bad jobs numbers we saw. now, i don't know about california but in new york, i know if you put all of the unemployment benefits together, you get about $800 a week for staying home. a lot of people were getting less than that when they were working full time and that's the equation that is keeping them at home. they figure why work when i can get paid more for not working.

how much can you afford to pay your workers that would allow them to match their unemployment benefits? >> well look, i'm going to walk middle of the road here. i do think a lot of businesses have some margin compression where they could have increased wages and perhaps wages in certain circumstances are catching up with the reality of the situation right now, but that could also be wage inflation. i mean, but then there is also a lot of small businesses where they are just going to go under if that's the situation, and look, i'm not an economist here i'm just a dishwasher but when it comes down to it we also need to think about the fact that people right now just don't know what's going on. we're being told perhaps we can have a cheeseburger by the 4th of july or not, so they're apprehensive about going back into the job market which is where i go back into this centralized notion of positive that we can all get back in and reaching this level of herd immunity, it's a good time to work, let's figure this out together. david: it's funny you mentioned dishwasher that was one of my first jobs when i was inbetween

semesters at college was being a dishwasher at a restaurant, and it was a great job, just because and it paid terribly but at the same time, it taught me good habits, not only habits about how to get to work on time but simple things like how to prioritize these dishes and people were looking for their first job are going to miss that opportunity now, because restaurants and other small businesses with first time workers are going to miss out on their chance for hiring them. >> yeah, and look, you know, i mean i always talk about the fact that the dishwasher is actually the backbone of any restaurant and probably should not be the lowest paid worker. david: well, it taught me how to work, and there's something about that. i just have to ask about another issue bothering small businesses which is costs going up. we have the costs in your business, the cost of food is going way up. we have energy costs going up, of course you use a lot of

energy in restaurants. how much is that affecting your ability and other small businesses to get back online? >> i would suggest that it's four or five points bottom line so if you have a restaurant that was maybe profiting 5% which is pretty good in the restaurant industry i would say that's wiped out by the cost increase which means that restaurants are now going to fix that by increasing their prices, so it's kind of this circular process and procedure through the chain of custody. david: if they capacity on because you have to encourage consumers to get back in the habit of going out to eat so it's a tough time, our hearts go out to you andrew gruel, thank you so much for what you're doing out in california. appreciate it. coming up, america has a national security problem a big one. the largest pipeline in the country shutdown over a cyberattack, former national security advisor keith alexander on how big of a deal this really is, that's right after a short break. >> ♪ ♪ ♪ ♪

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measures once infected. the fbi identified the ransomware as the dark side variant which they've been investigating since october of last year. david: that was u.s. deputy national security advisor ann newburger. this cyberattack on the colonial pipeline has shutdown half of the energy supply to the northeastern united states, that is huge about 45%. it is a ransomware attack as you just heard conducted reportedly by a shadowy group known as the "dark side" and the question is exactly what country it came from, and whether the governments there might have given them help. here is former nsa director and former u.s. cyber commander, retired general keith alexander. good to see you, gutfeld rain. were you preparing when you were in charge for an attack such as this? >> well, david, first it's good to meet you and yes, we built u.s. cyber command to help protect this nation from cyberattacks that's where we want to be as a country.

we see cyber and you're seeing adversaries use cyber and not only on the nation stateside but on the criminal side, which is what we have here with the "dark side." david: do you think that we'll be able to track down the attackers? >> eventually, yes, i do think that. you hit on a key point. part of stopping these types of attacks is not only stopping them here locally, but going after the people that are doing it. attributing it and holding them accountable. right now, it's too easy. they go out, they steal money, we wipe out their network, they rebuild, they go out and they steal money. ransomware has been one of the biggest growing cyber crime areas that we've seen over the last year and a half, two years. it's huge, and it has the impact as you're seeing with colonial. david: now if, in fact, this comes from russia or china or one of our adversary states do you think it's possible that

the government, itself, could be giving support of some kind to these hackers? >> yeah, i don't think direct support, but you're hitting on another key part. i see tensions between china and russia growing with us. you see what's going on in eastern ukraine, you see what's going on in the pacific with taiwan, with hong kong, with the south china sea and recent aggression. i think both china and russia will look at us in cyber. in this case though, they allow their people to moonlight at night. i'm not saying the people in dark side are coming out of russian active groups but it's possible, and/or they were former russian military or civilian leaders in their government using cyber as their offensive capabilities. so they have tremendous credentials and capabilities to attack and that's what we're se. i do believe there is a nexus

between the government. i think the government turns a blind eye in this case russia turns a blind eye to these kinds of attacks and allows them to hit and steal money. it furthers their purposes. it hurts the united states, and they can say we didn't know about it. david: yeah, yeah. they throw up their hands we didn't know what was happening behind the curtain but i want to ask about the biden administration, particularly because one of the great things about the past few years is we became an energy-independent country. that may be ending soon as we shutdown a lot of pipelines and a lot of other exploration projects and fracking and such. i'm just wondering if the shutdown of the keystone pipeline, pulling the plug on the keystone pipeline project whether that had anything to do with this attack, whether the attackers saw this as a vulnerability, in particular a vulnerability to the united states right now. >> i don't believe that's the case. i believe what they're doing is working across a broad spectrum of potential targets. they get in, they map out the

network, they understand who the decision makers are, they get out in front of this , and then they attack and they're doing it to make money, so in the case of the colonial they saw an opportunity. they do the same thing in healthcare-related companies, they do it with education companies, they are doing it across our nation. we're seeing ransomware cases rise significantly. david: yeah. >> i think the point you bring out, david, is a key thing that i do think the biden administration is doing right in what you just said from ann new burger is a case in point they're focusing on solving some of these issues, in the energy, oil & gas, chemical and other areas as part of their focus, bringing the private sector and the public sector together, to hit not only the i.t. but also the o. t., the operational industrial control system. we, out in front of that, as a nation, we need to be able to see what's going on.

i think, david, the real issue that our nation faces right now and that you're hitting on, there's a tremendous economy that you have. it's amazing, that supports the military i was in and our intelligence community. that's what they are attacking. our government can't see those attacks. we, the private sector, have to help government see those , create a radar picture, if you will, to cyber. david: general, we have to run but i want to ask about cyber currency and its role in all of this. that's how these attackers want to get paid off because it's dark money, if you will. it's money that avoids certain financial paths that we could trace. is that a concern right now? is that a mark against using cyber currencies in general? >> it's clearly an issue that we face, because they can use cryptocurrencies to hide who they are and wash that so that is a problem. something that the regulators are going to have to get out in front of.

david: general keith alexander great to see you general thank you so much. appreciate it. well a plan to end certain math classes in california just isn't adding up to a lot of people. what's at risk of being canceled again, the cancel culture, still ahead. >> ♪ ♪ ♪ ♪ (vo) while you may not be closing on a business deal while taking your mother and daughter on a once-in-a-lifetime adventure — your life is just as unique. your raymond james financial advisor gets to know you, your dreams, and the way you care for those you love. so you can live your life. that's life well planned.

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david: and welcome back to "coast to coast", democrats are pushing to make the child tax credit authorized in the covid relief bill permanent, fox business hillary vaughn has the very latest details for us, hi, hillary. reporter: hi, david, well some democrats celebrated mother's day by reminding moms to file their tax returns so that they can cash in on the extra cash coming to families every month, starting in july. president biden beefed up the child tax credit but he also made the credit paid out in cash

upfront for families every month , and now democrats want to make that permanent, but this extra cash flow hitting bank accounts starting in july is happening at a time when employers are already having a tough time, getting people back to work. >> people don't want to go back to work. we've sent them so much money that they compare what they could receive by staying home versus going back to work, every employer i've heard from in kentucky is having trouble getting people back to work. reporter: but some democrats think that it's this extra cash in other benefits coming to families that will help americans get back on-the-job. >> a lot of the people who are not going back to work because they cannot find care for their children. reporter: biden has already agreed to extend the credit four more years but it's facing pressure from the left to go all the way. the ctc 6 a group of democratic lawmakers pushing legislation on

capitol hill to make these monthly cash payments here to stay. the one-year expansion is already costing $110 billion for taxpayers according to one estimate making it permanent could cost as much as 1.6 trillion over a decade, according to the tax foundation, but david, the big concern here on capitol hill from conservatives is really the way it's paid out. these upfront payments hitting people's bank thes every single month, democrats say it's a tax credit, republicans say either way, no matter what you call it, it's a universal basic income. david? david: beware of temporary government programs and they very often don't stay temporary and become permanent. so critics of this proposal say it's the largest trial runoff universal basic income in history. let's get reaction now from cultural intel ceo lilly hill va letta and new york post columnist carol markowicz. care all, we should mention, this is not for starving parents

, this is a middle class, welfare program and in fact in some cases, it's upper middle class in california, households making $120,000 a year would qualify for this benefit, in new york, people making 10 8,000 dollars a year, and welfare states which do things like this , basically don't end well, whether it was the united kingdom during the 50s and 60s or even sweden. >> yeah, absolutely, and you know when i hear the pitch from democrats that oh, you know parents can't afford child care this year, and they can't go back to work because they don't have child care, quite a lot of these parents don't have is schools, as schools remain closed in a lot of blue areas, middle schools high schools are still largely closed, even elementary schools are still not open in so many areas, but that should be priority one, all of this money being thrown at parents is irrelevant if schools aren't open, so i think those things are really tied together and they keep papering

over it with cash payments, but we have to open our schools. david: and lilly the phrase is from cradle-to-grave welfare. it does seem like a lot of these so-called temporary programs of covid relief are becoming permanent, well, you know, from cradle-to-grave welfare programs >> yeah, and that is a dangerous proposition because that's within these things that small rioting of what's underneath that payment, what do i do with it, is really what will drive the right or the wrong behavior. we're already as women in the workforce concerned about all the women that stepped off about 57% of women are estimat ing that they stopped working because of all of the other issues of child care, and having to do remote school, but will this check drive the right behavior, or actually incentivize or disincentivize what we want, which is people engaged in the economy, getting back to work and if i'm going to get a check as a mom, great. let's make sure there are checks

and balances for me to be applying it and spending it where it needs to be, but not just as an open checkbook for us to receive it up front, so i think the mechanics, the intent may be nobel but the mechanics and execution could be driving the wrong thing. david: about the execution, carol there is the question of what they consider to be the content of a lot of the stuff that our kids will be getting if we seed control of the early part of our kid's lives to the government. i mean, we saw through critical race theory what happens in elementary schools. >> yeah, absolutely and just the lack of normalcy having a year of not normal and they are largely not affected by covid-19 yet their lives are paused. i think these kind of payments just prolong the return to normalcy, which is where i think our government should be focusing. we should be focusing on get the vaccine, go back to normal, give your kids back their normal lives. david: getting back to normal it sounds so lovely.

carol and lilly stay with us because i want you to comment on this next subject which is california's department of ed pushing a new framework that recommends doing away with accelerated math courses due to racial disparities. fox news correspondent claudia cowen has all of the details for us hi, claudia. >> hi, david, good to see you that's right. the growing equity movement now taking aim at math classes here in california's public schools the states new framework seeks to discourage gifted math students from advancing ahead of their classmates, and instead, to promote all kids at the same pace through their junior year. part of the draft framework says , "students who have shown higher achievement than their peers have been given fixed labels of giftedness and taught differently, such labeling has often led to students who fear times of struggle in case they lose the label as well as significant racial divisions." it notes that between 2004 and 2014, 32% of asian american

students were in gifted programs compared to 8% of white kids, 4% of black kids and 3% of latin students that has some education experts saying the framework effectively punishes the smartest kids. >> i think this framework rights on obituary for our existing gifted and talented programs and it's going to block the rise of talented kids to important roles in society, serving us as engineers, helping rockets get in the air. >> and suggested math lessons address cultural issues like having students determine a fair living wage followed by a discussion about whether it's fair and just and then encouraging activism. "for example, if there are local organizations, such as unions, who advocate for workers, students might reach out to them about ongoing labor justice efforts." teachers can invite these stakeholders to speak to the

class, and students might elect to join ongoing efforts. while this framework offers guidance to school districts, it is not mandatory, some parents of gifted math students tell me they see where this is headed and they are already exploring private tutoring and private schools. david? david: claudia thank you very much good to see you. lilly and carol are back with us now, we talked a little bit about the substance of that learning in the past but i'm just wondering whether all of this discourages achievement in schools which i thought, lilly, was our top priority. >> you know, let's remind everyone that the u.s. , unfortunately, lags in science and mathematics when compared to the students of many other industrialized nations around the world so what is this going to do to our status as a leader when america's about american ingenuity, the american dream, where you can be anything you want to be if you're given the chance. so there you have it. equity is trying to give this full potential for anyone

to achieve all that can be, but in the pursuit of equality, when everyone gets the same thing, we maybe missing out on our full potential, so i think what's confusing, the spirit is there of seeking, i think, better outcomes but it shouldn't be at the expense of those that can maybe go a little bit farther or not, so our society up for staying competitive because we're already lagging to begin with. david: and carol actually both of you ladies have experience with immigration. one of you first immigrant in the family, the other, carol, i believe your family came from the old soviet union, the old soviet empire. >> yes. david: the whole idea of immigrating here is really motivated in many cases by people wanting to be judged on the basis of their achievement, and their achievement alone. that's something that you didn't get in the soviet union. you don't get in a lot of latin american countries or elsewhere >> yeah, that's exactly it, david. you know, i don't often throw

around this word but it really feels unamerican to me to try to equalize everybody like this , all kids are different. i have three kids they could not be more different. they have different strengths and weaknesses, and we can't pretend that all the kids are the same and what we're going to end up achieving with this equity is making everybody equally bad at math and the truth is that rich kids will have such a giant advantage over poor kids if they get rid of these programs in california schools, because rich kids won't just, their parents won't just say okay no calculus in high school, no algebra in eighth grade, they will say we'll get you a private tutor and get you to get that class. it's the poor kids who will suffer and that's just the equity that ends up happening when we pretend that equities a real goal. david: and lilly we see it economically too in places like venezuela and cuba in particular , where everybody maybe equal or of the same, have the same result in their disposition in society but it's all at a lower level whether it's speaking economically or

intellectually. >> that's exactly right, and i think this will be driving the opposite, you know, outcome, which is one where we can be a society where again, the american dream is real. you can be all you want to be, because the context and the system enables you to discover what's possible, but here, you mentioned cuba and this is very interesting, and may raise eyebrows but cuba, it is focusing, for example, on great medicine and great doctors so what do they do for those that are brilliant? they are investing in the brain power to continue to control in their own way, you know, their competitiveness, even within a socialist construct, so we got to be careful because here, we are like trying to be democratic in the spirit of equity but at the same time losing our competitiveness, what some of these socializations are actually investing in their big frame power so we got to be very careful. david: the bottom line is we used to aspire to greatness and it was that aspiration to be

great that motivated a lot of kids in our society to become even better. even those who were less fortunate, even those who perhaps had a disability in some way, the aspiration towards greatness helps everybody, and that's something that made this country great, and i worry about losing that. ladies, thank you very much for being here. appreciate it. >> thank you. david: getting back to the work at the corner of wall and broad, charlie gasparino and what traders are saying about the reopening of the floor today >> ♪ ♪ ♪ ♪ ♪ ♪ (upbeat music) ♪ ♪ ♪ ♪ ♪ ♪

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politics, do not need to tie us with a defined government and look for our motives, our goal is to make money, and not creating problems for society from today we introduce moderation and check each company that our partners want to en crypt to avoid social consequences in the future." now, if that is meant to convince anybody that they're not affiliated with government, i don't think they've done it. it's a very interesting statement though, and president biden, no doubt, is being informed about how to respond to all of this. he's supposed to be speaking to the nation shortly. we'll get into that as soon as he does so you can see they're prepping him should be about two minutes from now and things are slowly getting back to normal meanwhile on wall street the new york stock exchange easing covid restrictions on the trading floor, charlie gasparino has the very latest for us we may have to introduce you for the president, charlie but go ahead. charlie: yeah, and as we first reported, but it was a dudd, david. the long story short i know the president is coming up, the

new york stock exchange is going to face a big problem every major wall street firm is facing convincing people to get back down there and get back to work because this reopening, i mean there was cnbc there, really nice, not a lot of journalists not a lot of new traders and the traders that are independent contractors, say they can work from home, and that's the problem i think the new york stock exchange is going to have going forward, it really is going to have an image problem because for so long, the competition of the new york stock exchange and nasdac says you don't need those traders on the floor. most things get done electronically, a lot of those people were props for the television set. not even the props are showing up now, and for the new york stock exchange, that's a big image. we heard that it was -- david: charlie i'm sorry to interrupt but here is president biden talking about the cyberattacks. >> tracking extremely carefully , and i have personally briefed every day. the department of energy is working directly with colonial to get the pipelines back online and operating at full capacity

as quickly and safely as possible. the fbi also has engaged to assess and address this attack. the agencies across the government have acted quickly to mitigate any impact on our fuel supply. over the weekend, at my direction and the department of transportation issued an emergency order, to loosen restrictions on truck drivers in order to allow more fuel to be transported by a tanker. we're prepared to take additional steps depending on how quickly the company's able to bring its pipeline back to full operational capacity. the federal bureau of investigation has determined colonial's network was infected by ransomware and it's a criminal act, obviously. fbi released details of the attack, so others can take steps to prevent being infected. my administration takes issue,

this takes this very seriously. we have efforts underway with the fbi and doj, the department of justice, to disrupt and prosecute ransomware criminals and my administration will be pursuing a global effort of ransomware attacks by trans- national criminals who often use global money laundering networks to carry them out. my administration is also committed to safeguarding our critical infrastructure which much of which is privately-owned and managed like colonial. private entities are making their own determination on cybersecurity, so to jump start greater private sector investment in cybersecurity we launched a new public initiative in april. it begins with 100-day sprint to improve cybersecurity and the electric sector, and we'll follow that with similar initiatives and natural gas pipelines, water and other sectors. in addition to companies

stepping up, we need to invest to safeguard our critical infrastructure. that's one of the many things my american jobs plan is designed to do. i also want to update the people on the progress that we've made and our recovery and the next steps that we're going to be taking. as we learned friday, the economy created 266,000 jobs in april. in fact, altogether, since the time we took office, we've created more than 1.5 million -- david: okay so the president outlining a couple of days in which they're dealing with this attack. colonial issued a statement saying they expect to be back online having things operating as normal with this pipeline that supplies 45% of all of the fuel to the northeast united states by friday, or just before the weekend. so we wish them well on that, and the president says he's working with our allies as well. we're not sure exactly who those allies are but i read that statement from the criminals

themselves, which was kind of bizarre to say the least. still ahead, an alarming new report saying that beijing's been preparing for world war iii by using bioweapons like the coronavirus. what we're learning about all of this , fascinating stuff, scary but very important, right after a break. >> ♪ should i stay or should i go now ♪ that building you're trying to buy, you should ten-x it. ten-x is the world's largest online commercial real estate exchange. and it's fast.

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>> welcome back to "coast to coast." i'm edward lawrence the australian published a report saying china considered weaponizing viruses like sars long before the coronavirus spread around the globe and the australian said in a report, it says it was obtained by u.s. investigators where chinese scientists claimed in 2015 they could manipulate diseases in ways never seen before. on "sunday morning futures" wisconsin senator ron johnson says he, like others, wants answers. >> does that shock anybody? it certainly doesn't shock me. when you see what china's doing with the south china sea islands , their actions around the globe, we should have been concerned. reporter: and they have been very critical of the chinese

come you mist party specifically and wants to know what ties president biden might have with china, but also, concerned over china's actions and hong kong, others have noticed china's record number in the taiwan air space this year plus the thousand investigations a month, the fbi says, the fbi says that they are opening into china stealing potentially intellectual property, it's concerning pattern for many lawmakers and i reached out to the state department and have not heard back but there's a briefing in a matter of minutes no doubt they will get this question, david? david: edward thank you very much let's get reaction from gordon chang, author of the " coming collapse of china" so gordon, do you believe that the communist chinese government was trying to weaponize coronavirus before it became a pandemic? >> yes, i do, david, and not only do we have this recent disclosure from the australian, we also have an official statement from china's national defense university, in 2017, in their authoritative science of

military strategy, they were actually talking about a new type of biological warfare, "of specific ethnic genetic attacks" which means they are trying to develop pathogens that will leave the chinese immune, and sicken everybody else. now the wuhan lab which is where a lot of people suspect this virus emanated from, a lot of independent scientists say possibly yes, was that controlled by the military as a means of developing weapons? >> yes, there were military scientists working there 2019, 2020, and also, in january 2020, china sent its top biological weapons expert, major general ch ung way, to head the p-4 biosafety unit and i believe, i don't into this , but i believe her job was to sort of eliminate evidence of a biological weapons program, as well as to cleanup evidence of a leak from the lab. david: so why, in god's name,

would dr. fauci's national institute of infectious disease make a deal with the wuhan lab to try to support a lab that was dealing in bioweapons, apparently, or even possibly. what's in it for us in helping a lab such as that? >> it's even worse than that, david, because the funding you referred to was for gain of function experiments, which are designed to make coronaviruses and other pathogens more lethal, and we know that this was for coronaviruses, so i think dr. fauci has a lot to answer for. david: and yet he's not answering. well, frankly he's not being asked by many of the media. >> he's not being asked. david: he was on media all weekend and he didn't. do you have any ideas of whether these cooperative arrangements with a lab that's controlled by the chinese communist party's military still exists or will continue to exist?

quickly. >> yeah, the funding authorization is there, but funding has not been made in recent years, but nonetheless, we need to ask about the prior funding, because clearly, it was related to coronavirus research. david: and clearly, this isn't the last pandemic we'll see that perhaps the chinese government is involved in creating. thank goodness you're here with us to explain, gordon, thank you very much for being on with us, appreciate it. well the push is on to vaccinate college students "coast to coast." new york governor andrew cuomo now saying new york state university students must be vaccinated for coronavirus to attend classes this fall. we have more cavuto "coast to coast" right after the break. >> ♪ ♪ ♪ ♪ i have an idea for a trade. oh yeah, you going to place it? not until i'm sure. why don't you call td ameritrade for a strategy gut check? what's that? you run it by an expert, you talk about the risk and potential profit and loss. could've used that before i hired my interior decorator. voila!

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david: we have kind of a confusing picture in the markets with the dow jones up and nasdaq way down. the man to explain it all to you is with us now. charles payne. hi, charles. charles: david, thank you very much, my friend. good afternoon, everyone, i'm charles payne. this is "making money". it's a tale of two markets. investors rushing for the safety of quality names that have been around for decades while selling all the formally hot growth names even with those tremendous blowout numbers. meaning of the tech crash and how you should handle it in your portfolio because i know you own these stocks. it wasn't just the jobs report, folks.