the nasdaq slightly lower. the s&p slightly higher. i think we have some real momentum for the reopening economy which we saw over the memorial day weekend the thing really capping those gains is the 10-year treasury yield moving up 1.62% or thereabouts, which does tend to hurt the tech stocks. my time is up. neil cavuto. it be yours. neil: ashley, thank you very, very much, my friend. great job as always. we're following the same market forces here. in fact interest rates in and around that 1.6% in the 10-year note. again the concern seems to be, this is a battle royale always in the markets, right, improving economy, strengthening economy, ism numbers out showing a continuing manufacturing surge. a short supply of everything. that pushes up or the fear that will continue pushing up prices. what will the federal reserve do with that?

this is a number they closely follow. 10-year at 1.62%. we're following those developments. also following one in major league baseball. you might have heard about. this a conservative group is suing the major league baseball association for nixing the all-star game in atlanta. it did more damage than helped anybody. alfredo ortiz is leading that. the guy on the right. tarek el moussa on "flip or flop" on hgtv. up until very recently, luxury home sales, those million dollars listings and, they have been sort of not so good, particularly the five million and up. now they are beginning to really move. a lot of people say this could free up more housing on the market and help perspective buyers. others are saying it is a sign of a top. we'll hash through all of that. now in the meantime here, technology as ashley was pointing out that is having a bit of a tougher go.

in other words this old saw that economically sensitive issues do well and technology issues don't do well in a rising rate environment, not that always holds true but that's weighing on certainly the nasdaq and on some, not all technology names here but right now lifting the dow, lifting the s&p 500. both of those averages scored monthly gains in may. we'll see if they continue doing so in june. the nasdaq as a point of reference lost about 1 1/2% on the same month. so we'll keep an eye on that with george seay, annandale capital founder, our own jonathan hoenig, capitalist pig hedge fund manager and fox news contributor. welcome to you guys. what do you make of how the market digests of good economic news? it is sort of a like a crapshoot a good report can be gleaned as a good report or gleaned as potentially inflationary report. where are you on this. >> neil, they don't want it to

hot. therapy tech shunnists those who invest in the stock market. they want growth and slow and steady wins the race. 2 1/2, you get more than that they get worried and anxious they start selling the high multiple stocks and buying defensive stocks. this is such a strange market. you have to be nimble as an investor. we're inverse last year. where tech was everything. oil and gas was trash. we have got the absolute opposite this year. neil: you know good news should be good news i think, jonathan, but i do understand some of the concern in the manufacturing sector they're running out of a lot of stuff. they can't keep up with the demand. normally, normally that leads to higher prices. does that worry you? >> neil, a lot worries me. partially what you described that phenomenon buy the rumor sell the fact. reminds me we often associate cause and effect relationship.

300 new highs. only a handful of new lows, you are a transition in leadership. technology underperforming but bank stocks, for example, american express, bank ever montreal, citigroup, aig, a financial, all at 52-week highs today. i don't think the market is out but the leadership is changing from technology it has been for years to some value oriented areas specifically banks which are helped by higher interest rates, yeah. you know oil one of the catalysts that has been responding to that global demand that picked up particularly in our country, george and i did notice oil was in and out of two year highs, once looking at the ortiz thing, certainly the 70-dollar a barrel level. does that concern you or is that a reflection on a good economy and leave it at that? >> inflation is our mortal enemy, neil, the next two years. if it really heats up all bets are off, the market will do very poorly.

we're also overweight financial stocks. i think interest rates are going up. it is really good for all financial stocks which have been basically in the basement for a long time. the crazy uncle has been let out of the basement because financial stocks are doing well. you see europe reopening right now. so that is also adding to the demand for oil and gas. that is going to be a driver all summer long. neil: you know, jonathan, inflation doesn't stick unless people continue to buy at higher prices and there is a thought here that they're exhausting some of the federal benefits and extensions that many received, not all, and that eventually runs out of options, their willingness to pay more for goods eases and this inflationary threat eases, where are you on this? >> neil, we've seen tremendous amount of dollars printed, something like 20% of all dollars in circulation have been printed in just the last two years. that money had to go somewhere. gone into places like bitcoin, or amc which is literally up

1000% this year, some of those meme stocks. inflation, you have to go back to the mid 1970s to actively see it, neil. as was mentioned this is a our mortal enemy. i think it is a trend to here to stay and could surprise us all. you have to be nimble, have to be quick, outside in the last decade to make money in this market. neil: guys, you both are in very good mood considering airlines are holding off on in flight liquor use. i want to explore that in a little more detail with both of you later in the show. it didn't put a damper on airline activity and passenger counts at airports across the country. ahead of that we're getting back to the manufacturing report, the ism numbers came in stronger than expected at 61.2, versus 60.7 in april but it is the data within that data and work

backlog that is supposedly rising, that is a big worry here for manufacturers. because if you have to work backlog, you have to work the folks more. they can't find replacements for though workers. we could conceively spiral on itself. edward lawrence in maryland what that could mean. reporter: within that ism report showed the employment index went down which means there were less workers being hired on to handle that increased capacity. now decides that i'm a nap police, maryland, right now. a very weekend here. in addition to memorial day weekend, the naval academy commencement address happened here. there were droves, dozens, hundreds of people out in the streets. busy time for bars and restaurants. the big problem, the customers came back but the worker did not. i'm at dry 85, a very popular establishment along the main part. the owner says it stresses the workers he does have.

>> so we're working twice as hard, people in the back of the house, people in the front of the house are swamped with business yet we have open tables. we have to slow service because we can't fill the rank-and-file for these jobs that we need for the support staff to keep them, a restaurant active and running well. reporter: the u.s. chamber of commerce says 90% of its members nationwide report that a shortage is the biggest challenge to holding back growth. that is the worker shortage. in fact there are 8.1 million jobs open across the country and less half of that amount of people wanted those jobs. bolter says like covid this is another curveball thrown at small businesses who held on during shutdowns and limited capacity. >> i don't see any real path to ending this until the unemployment benefits end and i don't see people wanting to come back to work when they know that they have this given revenue through september. i think when that ends i think

we'll see a whole influx of applications. reporter: 24 states have removed that plus-up for the federal benefits. maryland is not one of those states but indeed the job searching website indeed says in those states that have the searches for jobs went up 5%. back to you, neil. neil: all right. edward, thank you very much. edward lawrence on all of this. a lot of you were at baseball games this weekend. a lot of stadiums were packed where they allow people to pack those seats where they want to but right now major league baseball is facing a big ol' lawsuit claiming that move to ditch atlanta as the site of this year's all-star game did more damage than it was worth and was done sort of unilaterally without checking not only with all the owners, baseball owners but without looking at the economic damage that its wrought. alfredo ortiz is the job creators network, and ceo who is

leading that lawsuit. that group is bernie marcus funded job creators group. alfredo, very good to have you. you're suing major league baseball for this but why waiting until now? >> yeah. good afternoon, neil, thank you for having me and i'll tell you before this point we certainly have tried to reach out to manfred, make him aware of our issues and our concerns about it. we took a couple billboards out in times square in new york city, just a couple blocks away from the headquarters. we took a full-page ad out in "the new york times" stating our concerns. we had folks actually protesting his headquarters you know, asking him to listen to the letter. we sent multiple letters to him. guess what, neil? nothing, zero, nada. no response and so guess what? we decided we would take the extra step to make the lawsuit happen. as you know for over a year you and i have chatted about small business efforts that we

actually advocate for it was time. i mean our small business owners were getting decimated already from covid. they were looking forward to this for 21 months. so this decision by manfred was, really, really horrific for them. honestly here, neil, we're here to right a very, very bad wrong. so we actually took action almost immediately after manfred made that decision a few days after. so again we're we are suing. neil: baseball commissioner. i got it, baseball commissioner rob manfred. >> sorry. neil: major league baseball association. we reached out to both ourselves and have not heard back. their argument was if they had gone ahead and played as normal in atlanta for the all-star game they would be acquiescing this georgia voting law. that is in the eye of the beholder. in so doing they did more harm than good. stacy abrams who didn't like the georgia voting law was concerned about a boycott of the game or

moving the game because of economic damage it would do. i guess what i'm asking, that all-star game is next month. is it too late to get to it move back from the relocated city of denver? >> yeah, neil. you're correct, we are asking that they move the game back to atlanta. quite frankly with the same expediency he moved it out. he moved it out in four days after brian kemp, the governor of georgia signed the law, about four days later they moved it. they can move it out that quickly, have them move it back to atlanta that quickly. if they can't do that, we're asking they set up a relief fund for all small business owners and businesses that were damaged and hurt because of the move. again it was an estimated amount of $100 million, neil, and that's what we're asking for them to do. if they can't move it back, let's set up the relief fund, so our small us owners can have the relief they were expecting for 21 months. neil: you also know what you speak. you've also sit on the georgia chamber of commerce.

you know the impact on numbers in the atlanta areas state of georgia. that they call for i.d. at will call windows across all the parks across the country. what is the issue for enforcing for the most sacred right to vote. >> that is exactly right, neil. that's our point. quite ironic one of the largest issues that they have, manfred has specifically with this and again kind of giving into the whole woke narrative from stays aabrams and quite frankly the president of the united states, the voter i.d. issue. but yet across every single one of their franchises across the country what is the one thing they ask for when you go to the will call box to pick up the tickets, voter, your i.d. it is interesting that they require that across all of the actual franchises but they have an issue with voter i.d. so again i think the consistency ies are there, the impact, i got to keep focusing on $100 million. neil, this is real money for

real people. these business, i have heard and talked to people anywhere from 10, $20,000, $50,000, to you know, seven figures. so these are all real dollars maybe to the large corporations and to major league baseball it is not a lot of money but this is real money to real people, neil. so look we decided to take this step because i really believe now commissioner manfred has no choice but to listen to us. frankly we hope they can move the game back. if not we need relief funds in place for small business owners. neil: this isn't a reflection of the game moving to colorado or denver more to the point where they have laws that are pretty similar to georgia's? that could leave the interpretation to those who want to argue that but this is not an anti-denver move? it is just, keep the commitment that was already made to georgia in this case? >> that is absolutely right. they were preparing for 21

months, neil, for this game. so these small business owners had a lot already in place. there were contracts signed. that is part of the issue but the broader issue is frankly the constitutional kind of trampling here of the rights of job creators network, our members and frankly the citizens of georgia by doing that. you know, major league baseball collects billions and billions of dollars, neil, from state and local governments. so by doing so they really don't have a right like a private business to make these kind of moves and to trample on the rights of its citizens. we want to hold them accountable. neil, one message that i have for everybody involved in that decision, who has fingerprints on that, right? we'll hold you accountable. i think it is time and you asked folks across the country, small business owners, they're sick and tired of continually getting trampled on and their rights being trampled on, feeling they have no recourse. so we're speaking up for them. we're doing this not because we enjoy doing this, trust me,

neil, i have not got a lot of sleep the past few months. we got to do this. this is the right thing to do. we're trying to right a wrong here. we believe our small business owners georgia deserve this kind of representation. neil: keep me posted on all of this, alfredo. obviously it is igniting a great deal of response in and of itself. we'll continue to reach out to major league baseball and the commissioner's office. we have not heard back from our calls but hope springs eternal. we give everyone their fair play. in the meantime here the president off to the tulsa, oklahoma, area, remembering a racial tragedy 100 years ago but are some of the efforts to correct that potentially going to do more harm than good and hit the very people it is intended to help? after this. ♪.

seeing blood when you brush or floss can be a sign of early gum damage. new parodontax active gum repair kills plaque bacteria at the gum line to help keep the gum seal tight. new parodontax active gum repair toothpaste. there's interest you accrue, and interests you pursue. plans for the long term, and plans for a long weekend. assets you allocate, and ones you hold tight. at thrivent, we believe money is a tool, not a goal. and with the right guidance, you can get the financial clarity you need, and live a life rich in meaning, and gratitude. to learn more, text thrive to 444555,

or visit thrivent.com.

in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. look...if your wireless carrier was a guy, you'd leave him tomorrow. not very flexible. not great at saving. you deserve better - xfinity mobile. now, they have unlimited for just $30 a month. $30 dollars.

and they're number 1 in customer satisfaction. his number? delete it. deleting it. so break free from the big three. xfinity internet customers, take the savings challenge at xfinitymobile.com/mysavings or visit an xfinity store to learn how our switch squad makes it easy to switch and save hundreds. we know how much you count on us... ...and that's why we're here 24/7... ...and on the road maintaining a fast and reliable network. we're always working to ensure the internet meets your needs... ...by making access easier for all... ...with comcast lift zones and our internet essentials program. we're invested in making our apps easy... ...to give you personalized assistance around the clock. and we're committed to keeping our team and customers safe by working from home... ...and using precautions in store. see what we're up to at xfinity.com/commitment ♪. neil: all right, it has been 100 years since the tulsa race massacre. to this date we still don't know

how many were killed t could be in the hundreds. they're trying to get to the bottom of that. the president using this as on opportunity to right a lot of wrongs particularly when it comes to economic opportunities that have not been very fair he says to black borrowers, minority borrowers in general when it comes to housing and the like. blake burman here to spell it all out what the president is planning from the white house. hey, blake. reporter: president biden on board air force one enroute to tulsa. it will be a somber visit to the state of oklahoma but one today he will unveil some policy initiatives. the president tweeting out the following in the lead up to the trip saying quote, 100 years ago the thriving greenwood community in oklahoma was ruthlessly attacked by a white supremacist mob. 300 black americans were killed and 10,000 left homeless. i'm meeting in the greenwood community center, with survivors.

the president's announcements will help narrow the racial wealth gap. that includes federal purchasing power to grow federal contracting with small disadvantaged businesses by 50%. they project that will translate to $100 billion over five years. hud, housing and urban development will publish two fair housing rules and the administration says it intends to address disparities when it comes to home appraisals. neil, the president will arrive back to the white house later this evening. we should note tomorrow could be a pretty big day as well as the white house says that the president expects to host senator shelley moore capito, the top republican who is involved with trying to negotiate a potential infrastructure deal with the white house. that meeting tomorrow. neil? neil: got it. blake burman at the white house. thank you. want to go to congressman emanuel cleaver, democrat, very influential player, joining forces between republicans and

democrats to find a calmer alternative to take away a lot of the political heat. he is very good at that. reverend by training. those skills come in handy. congressman, very good to have you. the president is saying he is trying to right a lot of wrongs on this tulsa anniversary. what do you think of his attempt to do when it comes to housing opportunities for minorities and specifically african-americans? >> well, the housing initiative is particularly good. i can tell you that i grew up not too far from tulsa and, when we grew up we were told the story about tulsa and i can tell you now i've taken my children into the greenwood district to show them what happened. i took them years and years ago. and what the worst thing what happened the housing was destroyed and, you know, the only way we'll have generational wealth is through housing, through land.

god is not manufacturing anymore, at least down here on either as far earth as as far aw i've been able to read. anything we can do to assure greater opportunity to secure housing and pass it on to the next generation is something that we need to do. i have legislation that actually dealing with appraisal. we have to have fair appraisals. one of the best things that could happen in the greenwood district, some kind of a housing program. i'm not talking about getting people free housing. that is not what i'm suggesting but i think the federal government, many of its agencies, office of the comptroller of the currency, fdic, the federal reserve can all join in with hud which is also housing agency and create opportunities for housing in greenwood and frankly all around the country. that is how we transfer wealth. neil: you know, congressman, there was some disappointment

expressed by groups, particularly progressives that the president is not using this opportunity as a chance to address reparations. how do you feel about that? >> well, you know, i'm on a, i'm on a bill to study the issue of reparations. you know reparations is a difficult subject and anybody who pretends that it is easy and everybody is supposed to yeah, yeah, we'll do it is not being honest and it's a difficult subject. what i do think in terms of reparations, a good example would be greenwood. i think it would be good for the federal government to create some kind of a funding in the greenwood district for individuals who would like to get back to the business. to get low interest loans, long-term loans, in order to reopen businesses and where possible people could open up businesses that their

grandparents lost in the riot but you know, i think we have to study it. i think we have to study all aspects of it. you know, what are the negatives as well as what are the positives. i think we have to analyze that and then come up with something that works and maybe you know, it shouldn't be done just to the particulars of one race of african-americans or whites. i think if we got to together, i wish they would do that in tulsa, sit down, say, okay some wrong was done here. let's figure out a way to fix it. let's make greenwood what it used to be, the number one economic piece of geography for african-americans in the country. i think they can do that without writing checks instead after bill, here is a check for you. neil: right. >> put money in place so they

can -- neil: congressman, i'm sorry, sir, but we do know tomorrow the president is going to meet with west virginia republican senator capito presumably to find some common ground on the infrastructure measure right now is looking like a crapshoot. he might have enough democratic votes to do it without republicans. it doesn't look like that is the case. i'm just wondering republicans say that his $1.7 trillion plan, even though he has come down from where he was before around 2.3 to 2.4 trillion, it doesn't address infrastructure exclusively. they think it should. do you think it should? >> neil, let me first of all say if i were negotiating with senator capito i would know one thing and that is we might disagree but any disagreement is going to be out of, you know where she is coming from you know, in terms of what can work and what shouldn't work not some

ideology. i worked with with her in the house. she is a good and decent human being and i don't know if we could have had anybody on the other side who was as decent even though i don't particularly agree what all she is doing, i know she is not doing it with a mean spirit. let me also just say that i, one of the first meetings, i think on the very first meeting with biden on this issue and i can tell you even when he is sitting in a room with all democrats he says we want to make this a bipartisan piece of legislation. i think it is good for the country. i think it is good for the economy and so i, i think that you know, synonym for democracy is from my vantage point compromise. i think, i don't think you can have one without the other. so i think we're going to compromise. i think the problem is, some of the republicans want to spend

money that is already designated to be spent and the other part of is, the issue of differences is on infrastructure as you mentioned, the definition, having grown up seven years in public housing, about five or six years in a shack, i do think that housing is critically important. it is, it is the infrastructure of the, for the soul because, if you can become a homeowner, i don't know if my dad is watching this or not. at age 97 he watches tv all day, but my dad saved money when we lived in public housing in order to get us out of there and move into a house and so i can tell you when he moved into that house our whole world changed. you know, we, i have three sisters, all four of us went to college. graduated from college.

my father as a homeowner became the person with the most meticulous lawn anywhere around. i mean he violated the law. he would water his lawn in texas when it was illegal to do that he would get up at 3:00 a.m. in the morning. he wanted to per tech his lawn. i'm telling you what a home will do. neil: congressman, you had a remarkable life a remarkable story, a very calming influence in these hyperventilating times. let's see how all of this goes. sir, very good to see you. emanuel cleaver trying to bridge the gap between the parties, maybe get something done. there is a crazy concept. by the way we're just learning right now that china's covid-19 vaccine was endorsed for emergency use by the world health organization. they're trying to get more shots into more people. by the way some businesses in this country might force the issue. what if your boss says you don't get back into the office notice

you've been vaccinated? can your boss legally do that? i will give you a hint. yes, yes he can do that, after this. how am i doing? some say this is my greatest challenge ever. governments in record debt; inflation rising and currencies falling. but i've seen centuries of rises and falls. i had a love affair with tulips once.

lived through the crash of '29 and early dot-com hype. watched mortgages play the villain beside a true greek tragedy. and now here i am, with one companion that's been with me for millennia; hedging the risks you choose and those that choose you. the physical seam of a digital world, traded with a touch. my strongest ally and my closest asset. the gold standard, so to speak ;) people call my future uncertain. but there's one thing i am sure of... with voltaren arthritis pain gel, my husband's got his moves back. an alternative to pills, voltaren is the first full prescription strength gel, for powerful arthritis pain relief. voltaren. the joy of movement.

new projects means new project managers.

you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. claim your seventy five dollar credit, when you post your first job at indeed.com/home. these are the people who work on the front lines. they need a network that's built right. that's why we created verizon frontline. the advanced network and technology for first responders. built on america's most reliable network. built for real interoperability. and built for 5g. it's america's #1 network in public safety. verizon frontline. built right for first responders.

reporter: welcome back to "coast to coast" i'm lydia hu. the equal employment opportunity commission issued guidance that says employers can generally require workers returning to the workplace to get the covid-19 vaccine or offer small incentives to inties them to do so. before the federal guidance some companies were already issuing vaccine mandates to employees. these include companies like delta for new hires, broadway production, "hamilton," and hospital sir. s like houston methodist hospital and the university of pennsylvania health system. some workers are pushing back. a lawsuit has been filed in texas by more than 100 employees of houston methodist hospital

over the mandate. they say they should not be required to take a vaccine that is not fully approved by the fda yet. now the vaccines available in the u.s. do have emergency authorization and pfizer and moderna have applied for full approval. once that is granted it will probably go a long way in encouraging people who are still on the fence about the vaccine according to a kaiser family foundation poll published friday. about a third of people who have not been vaccinated said they would be more likely to get the shot once full approval is granted. but in the meantime we do see companies coming out with incentives to entice customers. some incentives are small like krispy kreme free doughnut or shake shack free fries. others are more meaningful. there is a concert promoter in florida that is selling tickets to vaccinated people for $18 but charging unvaccinated people 1000. united airlines offering a free year of flights while cvs offering a commands to go to the

super bowl. all these efforts are being made to address a national vaccination rate that is overall down according to kaiser, that poll says, 13% of people say that they won't get the vaccine but, that has held steady over the past few months even, neil, as we see these incentives and mandates are rolling out. back to you, neil. neil: you know, lydia, i could be bought off cheap though. the free doughnut thing would do it for me. i don't know what 1000-dollar super bowl tickets. the doughnut's done. that will do it. lydia, thank you very much. lydia does not strike me as someone chomping down on doughnuts. do i surprise you that i am? we have jo-jo run as company called paper plane. a combination of bar and restaurant. i believe i get that right. george, good to have you. >> yes. neil: in your county they are requiring proof you had your vaccination shots, right?

i'm just curious how that affects you at your san jose eatery? what's the deal? >> sure. the county recently released a directive, basically a self-certification of vaccination that each employee has to fill out. basically just kind of attests where they're at if they intend to take the vaccine, if they have taken the vaccine or if they have no intention of taking the vaccine. so it is just, it's a great marker for us to engage where everyone is at on our teams. we actually own a few other bars and restaurants here in the san jose area but it still leaves it open-ended as to next steps about making it fully mandatory and something we are still kind of juggling over here because i know there has been recent news about how we can actually enforce the vaccination among our staff but we, we're kind of in a process right now trying to convince everyone on their own accord to take it

rather than dropping the hammer and mandating it. but definitely a damned if you do and damned if you don't situation for folks in our industry. neil: yeah. because you're not the police. most other places as you know, they work on the honor system. you say i've been vaccinated, that is good enough. obviously there might be a double standard in your neck of the woods. i'm just wondering how are your businesses doing right now as people get back and we see crowds build and we just came off one of the busiest travel weekend we've seen, you know post the pandemic? you have to go back before the pandemic. so obviously things are picking up. how are things looking at your end? >> things are going great for us. we're still on capacity restrictions in santa clara county set to be lifted on the 15th of june which is something what preparing for. it is definitely, a mentality shift also needs to occur just with our team and with folks.

i think you know, a lot of folks, i mean here in california, especially santa clara county haven't been around large groups with their masks off. so there definitely will be a acclamation period for a lot of folks coming back out when that time comes. for now week over week we're busier than we've ever been. we can't get everyone through the door considering we're still on very tight capacity restrictions. but, we are gearing up for opening the door and i think the big caveat or unanswered question right now for us is, are we going to require vaccinations at the door or not? that is something we are still considering. if we do do it, exactly how are we going to really ensure that these folks are vaccinated? when we were issued these vaccination cards, i'm vaccinated, it is on a little piece of card stock that can be printed off anyone's home computer. i just don't know where this, just don't know exactly where the real like, how we're going

to really be able to tell we're not dealing with anything counterfeit. just a matter when the masks come off, a lot of folks are unvaccinated out there will take advantage of it. it is something that is a cause of concern for us because we want to create the safest environment for guests and our staff so. neil: you shouldn't be in the role of the police on this one, george but, just to be fair probably going to need some big burly guards at the door. but we'll see what happens. george, go ahead, finish that thought, i'm sorry. >> no, that is, i couldn't agree more. i just we're going to get through this and hopefully in the next few weeks there is a little more clear guidance as to, if we can enforce it, what the recourse would be if we go off to start enforcing these kinds of things, what kind of action people might take against us for that. hopefully, sooner if everyone gets vaccinated the better. neil: george, thank you very much. best of luck to you,

june 15th can't come soon enough for you. a lot of you are responding to my comments about lydia the trying to buy you off, make sure you gotten your vaccine. one said do you really need to tell me, cavuto you give up constitutional freedoms for some free doughnuts? yeah. pretty much. we'll have more after this. ♪ (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.

[typing sounds] [music fades in] [voice of female] my husband ben and i opened ben's chili bowl the very same year that we were married. that's 1958. [voice of male] the chili bowl really has never closed in our history. when the pandemic hit, we had to pivot. and it's been really helpful to keep people updated on google. we wouldn't be here without our wonderful customers. we're really thankful for all of them. [female voices soulfully singing “come on in”]

all the time in the world. it's just a saying. but today, for women living with hr+, her2- metastatic breast cancer. more time is possible with verzenio. proven to help you live significantly longer when taken with fulvestrant. verzenio + fulvestrant is for hr+, her2- metastatic breast cancer that has progressed after hormone therapy. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor, start and antidiarrheal, and drink fluids. before taking verzenio, tell your doctor about any fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. life-threatening lung inflammation can occur. tell your doctor about any new or worsening trouble breathing, cough, or chest pain. serious liver problems can happen. symptoms include fatigue, appetite loss, stomach pain, and bleeding or bruising. blood clots that can lead to death have occurred. tell your doctor if you have pain or swelling in your arms or legs, shortness of breath, chest pain and rapid breathing or heart rate, or if you are nursing, pregnant, or plan to be. more time is possible. ask your doctor about verzenio.

“cracked windshield” take 1. ♪ you say ♪ ♪ i got a crack in my windshield... ♪ uh - uh, lisa, maybe less heartbroken? geico lets you file a claim online, over the phone or with their app. ♪ that makes me wanna say... ♪ ♪ stay... ♪ (sniffles) are...are you crying? uhh, there's pollen... geico. great service without all the drama.

♪. >> welcome back to "cavuto: coast to coast." i'm rich he had con at the you u.s. state department we're following anthony blinken's trip to costa rica. he has a few challenges. whether the migrant surge at the u.s. border, southern u.s. border. number of issues in central america including corruption and

backsliding in democracy. the secretary left the d.c. area a couple hours ago for costa rica. he will meet with central american diplomats. state department officials are previewing these as very frank and honest conversations with his counterparts. there is the surge at the southern border, especially children and teenagers from northern triangle countries, that is el salvador, honduras and guatamala. there is significant poverty and violent crime prompting migrants to take a dangerous trip up through mexico into the united states. to try to improve the situation there president biden pledged four billion dollars to the northern triangle though there are concerns those governments are moving away from democracy and there are significant corruption problems. federal authorities here in the u.s. are investigating honduran president juan orlando hernandez on drug trafficking allegations. state department officials say combating corruption and impunity are at the center of president biden's priorities in the region. all this as "the new york times" is reporting that the biden

administration is working on the way to sort of expand and streamline legal migration into the united states. already getting criticism from a number of republicans and former administration officials as the biden administration looks to reverse the trump administration's immigration policies. this is cavuto "coast to coast." we'll have more after this. ever. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. you packed a record 1.1 trillion transistors into this chip i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you

become an agent of innovation with invesco qqq discomfort back there? instead of using aloe, like you or baby wipes, or powders, try the cooling, soothing relief or preparation h. because your derriere deserves expert care. preparation h. get comfortable with it. (vo) ideas exist inside you, electrify you. they grow from our imagination, but they can't be held back. they want to be set free. to make the world more responsible, and even more incredible. ideas start the future, just like that.

(announcer) back pain hurts, and it's frustrating. you can spend thousands on drugs, doctors, devices, and mattresses, and still not get relief. now there's aerotrainer by golo, the ergonomically correct exercise breakthrough that cradles your body so you can stretch and strengthen your core, relieve back pain, and tone your entire body. since i've been using the aerotrainer, my back pain is gone. when you're stretching your lower back on there, there is no better feeling. (announcer) do pelvic tilts for perfect abs

and to strengthen your back. do planks for maximum core and total body conditioning. (woman) aerotrainer makes me want to work out. look at me, it works 100%. (announcer) think it'll break on you? think again! even a jeep can't burst it. give the aerotrainer a shot. pain and stress is the only thing you have to lose. get it and get it now. your body will thank you. (announcer) find out more at aerotrainer.com. that's aerotrainer.com. limu emu... and doug. so then i said to him, you oughta customize your car insurance with liberty mutual, so you only pay for what you need. oh um, doug can we talk about something other than work, it's the weekend. yeah, yeah. [ squawk ] hot dog or... chicken? [ squawk ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

♪. neil: all right. i don't want to burst your party plans right now but a lot of the whiskey bottle states a 50% tariff coming from europe. this is tit-for-tat what we're doing with steel and they respond with 25%, on and on it goes. getting very pricey for booze to put it mildly. chad pergram on the impact this could have. chad. reporter: good afternoon, neil. eu tariffs on u.s. alcohol were supposed to double today to 350%. the european union slapped tariffs on u.s. alcohol some months ago. this is the trade dispute over steel and aluminum tariffs here f you have kentucky bourbon, for bottles of kentucky bourbon they already ha 25% tariff. that is like buying five. 50%, they were supposed to go up, that gettings you to sick bottles there. they held that off for the time-being.

james comer of kentucky is pleased. >> currently today we have 10 million barrels of bourbon in storage in kentucky and 25% of all the bourbon produced in kentucky is exported and the european union is our biggest export market. i think there is a sigh of relief in kentucky those tariffs will not go to 50%. reporter: now the u.s. retaliated, u.s. placed tariffs on scotch whiskey and irish whiskey. part of a trade dispute with airbus. you have four bottles obviously of scotch whiskey here. still at 25%. five bottles. you might go, if they jacked it up to 50, that didn't happen it would be six bottles there. katherine tai the u.s. trade representative was asked about this at at house hearing. listen. >> on the uk, very important strategic trading partner. we are working with them in a number of areas and the trade agreement negotiations are an

important topic for us to keep working on with them. reporter: now obviously this was a double-whammy on the restaurant industry. you have a worker shortage already and higher costs on food and also alcohol. it might inhibit people from coming into the restaurant. if they want a glass of wine a they want a scotch, a they want a bourbon, because again, 25% tariffs still remain on, neil. neil: chad, is this your home? reporter: yes. this is my whiskey wall. this is all scotch whiskey, from isla, state side, kentucky bourbon here. neil: got it coming together for me. >> this is my scotch diploma. i went to whiskey school there 2 1/2 years ago in bay side in scotland. neil: look at you now, young man. i thought it was a setup. no, this is your home. god knows what else we'll find. >> absolutely. neil: you're a riddle wrapped in

a conundrum, young man. chad pergram, thank you very much. >> thank you. neil: so if you like to drink, go to chad's house, i'm heading there now after the show. but if you want to do so on an airline, good luck on that. southwest, a host of others are holding off until at least the middle of june. george seay of annandale capital, jonathan hoenig. jonathan, they're trying to cut back on unruly behavior apparently can get worse with alcohol. what do you think? >> amazing, neil. what is it about air travel really brings out the worst in people? some of these videos that have been circulating, it is animal listtic behavior. don't worry this doesn't apply to first class or business class don't worry you'll be okay up front. i like more fines for people that engage in this behavior and see deregulation. get more uber-style opportunities for air travel. more private planes, so those of us in the back of the plane don't have to put up with this and can actually have a drink.

neil: you are no more in the back of the plane young man than i am in the luggage compartment. >> over head bins. neil: george. i wouldn't pit in the overhead bin myself. george, i can understand why airlines are doing this, to jonathan's point people are getting cookie. the woman didn't put the tray in the up right position, attendant told her, knocked a couple of her teeth. crazy behavior brought on that. was not brought on by liquor but short frayed tempers. where all this is going? >> to start with, neil, chad would agree with me, tariffs on scotch are always a bad idea. with the airlines, you have got a precipitous decline in american common courtesy and golden rule, we rehab in short order. we have a carry over in emotional and mental health issues post-pandemic as people

resocialize, get back in public settings. this will be a day to socialize, in airline policy. though see normal behavior again and don't feel uncomfortable having people on their plane ride. neil: everyone drinks to that on the whole airline. hopefully that doesn't happen. gentlemen, thank you very much. dow jones industrial up 56 points. interest rates are backing up though. we'll have more. ♪ ... s. promises of all shapes and sizes. each with a time and a place they've been promised to be. a promise is everything to old dominion, because it means everything to you.

welcome to allstate. ♪ ♪

you already pay for car insurance, why not take your home along for the ride? allstate. here, better protection costs a whole lot less. you're in good hands. click or call to bundle today.

keeping your oysters business growing you're in good hands. has you swamped. you need to hire. i need indeed indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base claim your seventy-five-dollar credit when you post your first job at indeed.com/promo

neil: all right, we are keeping track of a lot of things for you right now at the top of the hour i should let you know that the world health organization has already been granting for emergency approval of the use of china's vaccine drug and if you think about it we'll have anywhere from four to five various around the globe for dealing with this as the number of individuals around the globe have also picked up getting vaccinations in this country right now, we have crossed 295 million mark, that is the number of vaccines that have already been given out, more than six out of 10 americans have been vaccinated, and things are picking up right now and they were addressing in asia what has been a slowdown, we'll very exploring this with dr. marty makary on news this economy is bouncing back very very quickly and getting back to normal or whatever we

remembered normal to be at a rapid rate. u.s. air travel reached its highest post-pandemic levels over the weekend. for example, on sunday, better than 2 million were going through u.s. airports, a level we've not seen since well-before the pandemic so we are getting there, and the great reopening continues. where curfew are ending, distancing provisions are ending most, as of now, although many more, as of the middle of this month. let's go to jonathan serrie following it all in atlanta, georgia. >> one of the most symbolic developments as new york city is removing what had been one of the last remaining covid restrictions in what a year ago was the epicenter of the u.s. pandemic, as positive rates and hospitalizations continue to decline, city and state leaders are confident about allowing bars and restaurants to stay open as late as their liquor licenses allow. no more midnight curfew.

>> oh, i do hope that it doesn't cause people to go too crazy, but still live a healthy life but it's nice to be able to get back to normalcy. reporter: americans are also more confident about returning to the skies over the long holiday weekend. tsa checkpoints handled nearly 2 million travelers on friday and then again on sunday more than five times the numbers they saw last year, but still 24% less than pre-pandemic levels. neil, axios obtained a memo that went out to staffers of both the white house and the vice president' office, announcing that they be returning to work in-person, sometime between the dates of july 6 and july 23. neil? neil: all right, we'll see about that, jonathan serrie, thank you very very much i want to bring in dr. marti makary, the best- selling author of "the price we pay" but what i really enjoyed over the months

interviewing through all these crisis is optimism that we would get through this , and despite the back and forth and restrictions and the finger pointing that we continue to make progress. now, when he was first saying that, a lot of people would just say well, it doesn't make much sense, we were supposed to be all panicy. he wasn't and he's proven very pressing on all of the above. doctor very good to have you back with us. >> good to be with you, neil. neil: let's talk a little bit about what's going on here. first off, on this growing rapidly-increasing reopening in the country, in new york, where virtually all restrictions have been lifted. some, who were concerned in other states where they're taking a slower approach, are saying too much, too soon. what do you say? >> well, it's long overq neil. if you look at the states that have been open for quite a time now, it serves as essentially a scientific randomized controlled trial of how we should have been in the months of april and basiy

open have not seen an outbreak and that is accounting for seasonal variation, so remember, neil. 80-85% of adults in the united states are immune right now. that means when you go to a restaurant or a workplace or stadium, eight or nine out of 10 people have immunity. it's very difficult for the virus to jump around . that's what we basically call herd immunity. neil: you know, doctor, i was talking to a bar, restaurant owner in california in the san jose area and they are putting it on him to check people that they've been vaccinated. i guess they would look for a card or something indicating that. should it be up to businesses to check that, and can they, should they? >> well, they have a right as a private business but the idea that we need to separate the un vaccinated from the vaccinated is actually not as scientifically plausible approach to reducing transmission. if anything, you would rather

have mixing where vaccinated people serve as a wall or a barrier from the virus jumping around in a community, so for example, at my church, neil, they asked whether or not they should be separating the vaccine and univac and my answer was no, separating that out does make sense, plus, remember, most businesses are ignoring natural immunity, which is about half of the unvaccinated. neil: yeah, that's a dicey position for the minister separating the wash from the un washed anyway, that's a whole other area but doctor what do you make of the progress worldwide? i notice india might be very well off its worst level, i don't want to jinx myself but the market response there that telegraphs a lot of this activity, has been strong, that they think through the worst of it, i'm wondering, if they seem to be stabilizing in japan, maybe not enough for them to call off these plans , to call off the olympics

that we might be rounding the bend but how do you view the world right now? >> well there is promising signs in several countries their epidemics are starting to roll over, not because of vaccine s and it's because of natural immunity and that's what happens when you have a large segment of the population that was susceptible and none of the public health officials saw that coming. no one saw india coming and what's happened is when you protect people, and you have large folks that are susceptible , they can still get these epidemics late when you're not vaccinated. right now, neil, we've got about 1 billion vaccines in supply between the united states and canada. we need to ship those to those countries that need it right now. we don't need a billion vaccines in storage right now in north america. neil: you know, doctor, when you look at this and now they are trying to get to the origins of covid, the choice aren't cooperating but i did wonder sed from that neck of the wood,

covid almost certainly did deliberately or not, could this happen again? >> it certainly could happen again, as a matter of fact, there's about a million viruses on planet earth, neil and about 1% have crossed over into humans we don't want to be characteriz ing and playing with these viruses in a lab with animals promoting that crossover , and for anybody whose not yet convinced of the lab leak reason, i don't want to say hypothesis because it is the default conclusion now with circumstantial evidence, if you look at the distance between the wuhan central hospital and the wuhan virology institute, put those two in google maps and you'll see , it's nine kilometers or about five miles apart. that's pretty much all the evidence anybody should need but there's a lot more on top of that. neil: that's interesting. finally, moderna and pfizer are working on the so-called covid booster shots. are we going to need them, doctor? >> i don't think we're going to need boosters. i think it's going to be limited old folks who don't mount a good

immune response and those who are immunosuppressed or had an organ transplant. look i think the companies would love to be telling their shareholders that they're going to be required. the reality is the virologists are mixed and they aren't coming out saying it's likely at this point. i'm more optimistic that we're going to have what we call a pan -coronavirus vaccine and that is a general vaccine that will cover all coronaviruses. that's far more likely and we've had some early research come out this week on those pan- coronavirus vaccines and animals. neil: dr. marty makary, great catching up with you, thank you. >> you too, neil, thanks so much. neil: in the meantime keeping up with the back and forth on this infrastructure measure, the two sides are far apart. we did tell you at the outset of the show here that the president wants to meet with west virginia republican senator to discuss her plan to find maybe some middle ground on all of this. jacqui heinrich keeping track of all of this right now who joins us out of washington.

jacqui? reporter: good afternoon to you, neil. the white house is giving about a one week window to see if they can strike a deal with senate republicans on a skinny infrastructure bill dealing in hard infrastructure and tomorrow 's meeting between president biden and senator shelley capitaeu, the lead gop negotiator is crucial in figuring out if they can swing it or if democrats have to move forward on their own. there are still some big differences on how to pay for it the gop is still pushing to to repurpose unused covid-19 funds and enact a highway user fee for electric vehicles and the white house is holding firm on wanting to raise taxes on corporations and the rich, but republicans believe there are a couple reasons why the white house has not abandoned talks in favor of passing a massive spending plan along party lines, like some progressives really want. top among those reasons, there may not be 50 democratic votes to pass a bill along party lines , when there's republican support for a smaller initial

bill. especially after congress passed a bipartisan service transportation bill through committee. >> democrats and the president can go that route right now, and there's a reason that they aren't. i think there is a hunger for bipartisanship, the president stood on the capitol steps and said he's the president of everybody, represents republicans and democrats. reporter: and senate republicans previously complained that the white house staff was less willing to negotiate than president biden, but capito said they've pulled back a little bit and they're smoothing out the edges. there's still widespread suspicion among the senate gop this could all fall apart. there is a bipartisan backup infrastructure plan in the works. if anything, congressional democrats seem to have the littlest faith and chuck schumer wrote to colleagues ahead of the long weekend saying that it's basically a warning about the limit of bipartisan ship, and gop

obstructionism, neil? neil: jacqui heinrich at the white house, thank you, very much for that to karl rove on where this is going. karl, it's still an up hill battle to get this done whether it's working with republicans or even whether the numbers are there, democrats going it alone. where do you think this is going >> well, i think it it is going to be difficult to get all of this done. let's look at the state of play. biden started out with a $2.3 trillion infrastructure, so-called infrastructure package that included a lot of things in it that we don't think of conventionally as infrastructure. the republicans offered up $548 billion. now at this point, the administration has lowered its number to $1.7 trillion, and the republicans are up to 928 billion. so there's been some change here my sense is that if this has a chance of passing, it's going to take two-steps. the first step is whatever they arrive at it bipartisan, that's why they are continuing to, the administration is trying to

continue to push the republicans to raise a number and open it up to paying for by tax increases. i don't think that's going to happen, so the choice is going to come down to do they want to pass $928 billion on a bipartisan basis, if so, they'll get a lot of votes for it but let's not kid ourselves. there is a step two, which is to take the $1.4 trillion in spending that's not included in the bipartisan offer that's out on the table, and pass it on a party line vote using reconciliation so they don't need to have a 60-vote threshold in the senate. the trouble with that is going to be that, you know, with only five votes in the house, you've got some democrats in the house who say i don't want to vote for a corporate tax increase. i don't want to vote for higher taxes, and that makes it very very very iffy. that's why the administration is trying to push the republicans as far as they can because that makes the second step easier for the democrats, if they get the republicans committed to large tax increases. neil: all right, so let's talk

democrats only if it goes that direction. it's extremely dicey, if i can mix those words, to see that done, right? because there are enough democrats concerned about the tax increase that you've pointed out and concerned that given the margins earlier in the house and the senate, that be tough. >> yeah it will be. think about it. you only need one democrat in the senate to say well i can't take a tax bill that big and you've got to reduce the taxes and therefore reduce the package and only five in the house. five democrats in the house who say you know what? i can't go back to my suburban district and say yeah i'm raising corporate taxes, i'm raising other levies and make it more difficult for farmers and ranchers to pass their farms and ranches on to their kids by raising taxes on capital gains and on death taxes, so there are , when you got margins that narrow it's hard to do something on a straight party line vote and again that's why they're pushing so hard to get the

republicans, if at all possible, to cave on some big issues that allow them to have a lot more revenue to pay for things outside the definition of normal infrastructure and to make the republicans share some of the blame for what the democrats all along have been saying this is a big winner for us politically if we spend all of this money and raise all of these taxes, but there's a recognition that frankly, it's not that big a winner. neil: all right, so this drags past the summer here, which is conceivable. then, you're up against the mid-terms. you're getting close to that. i'm wondering time be of the essence for democrats, wouldn't it? >> yeah, that's why i think they've been wise in saying we're going to get this done, either going to come to an agreement here shortly or proceed on our own but frankly, that's a statement of realism that they got to start making the decision to either what they're going to agree to on a bipartisan basis and then because they are going to need a

lot of time to try and get the package that it is not agreed to by the republicans, they are going to need a lot of time for the democrats to try and push that through, because again, all you need is one democrat in the senate to say, i can't go for that or five democrats in the house to say they can't go for the party line vote themselves and they got trouble. neil: indeed. all right, karl rove, great catching up with you, thank you very very much. >> neil? neil: yes? >> neil, chad pergram worried me. even chad drove me to the liquor cabinet so i don't know. something i don't know. neil: you know, i don't know, my friend. still waters run deep there. i had no idea. he had that setup in his house, i'll just leave it at that. it's his own time, his own house , enough said, thank you very much. >> you get invited to that house, be prepared to drink. neil: and to stagger out when you leave.

karl, thank you very very much. we are keeping track of a lot of things not only what's in chad pergram's bar but what's going on with housing because finally, those really expensive homes are starting to sell. the guy behind flip-or -flop on how long that could last and why it would matter to you, whether you would afford one of those super pricey homes or not >> ♪ ain't that america, something to see , baby ain't that america, home of the free, yeah ♪ there's interest you accrue, and interests you pursue. plans for the long term, and plans for a long weekend. at thrivent, we believe money is a tool, not a goal. to learn more, text thrive to 444555,

or visit thrivent.com. in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities.

seeing blood when you brush or floss can be a sign of early gum damage. new parodontax active gum repair kills plaque bacteria at the gum line to help keep the gum seal tight. new parodontax active gum repair toothpaste. nobody builds 5g like verizon builds 5g. thousands of engineers taking business to a whole new level. employees are empowered. customers are engaged. near real time data for fast decision making. this is business at the speed of 5g. because the more businesses do with 5g, the more your network matters. it's us pushing us. it's verizon vs verizon.

♪ ♪ look, if your wireless carrier was a guy you'd leave him tomorrow. not very flexible. not great at saving. you deserve better... xfinity mobile. now they have unlimited for just $30 a month... $30. and they're number one in customer satisfaction. his number... delete it. i'm deleting it. so, break free from the big three. xfinity internet customers, switch to xfinity mobile and get unlimited with 5g included for $30 on the nations fastest, most reliable network. in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business

you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. neil: all right, you know, luxury homes really are in the eye of the beholder, generally seen as $1 million or up, in some markets they could be two, $3 million or up, if you're in new york city, they could be 10 million or up. the bottom line is they have not been selling well. that is until very lately and of course, this year, we started to see a dramatic pickup in such sales, 81% as of february, continue a trend that shows no going back at least when you look at expensive areas like silicon valley, in california, the new york metropolitan area,

where high-priced homes are beginning to move. now you might say all right what does this mean to me? i can't afford some of these homes. well the fact of the matter is it does open up housing across-the-board if it sticks. right now, you might remember that, behind flip or flop, much much more, tarek el moussa, thank you for taking the time. >> thanks for having me. neil: so explain what's going on here, do you buy, do you think it's real because some areas particularly in new jersey in connecticut where things have been slow, it is picking up and i'm just wondering if that's fake or real? >> no, i mean, it's definitely real and it's picking up because we have a huge transfer of equity right now, so, someone that bought a house five or seven years ago for 400,000 today they might be selling for 700,000 and the person that bought a house for a 1 today might be selling for 1.7 million so everybody keeps moving their equity up which is pushing up the prices in the upper end of the market people are getting larger down payments to buy these luxury properties.

neil: so what price points are we talking about? >> i mean, all price points in general are on fire right now, but you know, it's the bottom of the market is really fueling the top of the market, on top of the fact that people buying luxury properties have made a lot of money in the real estate market, a lot of money in the stock market, so they just have more capital right now. neil: so what changed, tarek. you could make the argument, a lot of people, maybe not that upper upper crowd, they did not enjoy some of the market returns , even stock market returns that the 1% or top two, three, 4% did, so why now, what's the magic to now? >> the magic of now is a huge transfer of equity and what i mean is people bought a house for $1 million and 10 years ago and today might be selling for $2 million so when they go buy their next house they have

almost $1 million towards the next down payment giving them a higher purchase price. neil: what was holding it back prior then? because other price points were seeing surges as they have lifted but a lot of the super expensive homes, however you want to define that, were sitting. they were not participating in this. maybe that was a reflection that came from high property tax states or whatever, and they would rightly be sitting in that environment, but what happened? >> i mean, it just takes time, you know, in order to get the equity from the bottom of the market to the top of the mark it it just takes time. one seller has to sell to a buyer and overtime, that person needs to move up so what happens is you have a $400,000 house sale and they go up to $800,000. the guy that sells the $800,000 house might go up to $1.5 million house so it takes time to push the equity up towards the top. neil: someone had told me in the high end real estate market that the 5 million maybe leaving out expensive cities like new

york. they're still slow, is that true >> not here in newport beach, california. i'd say the hottest price point is the $5 million range to be honest with you. neil: but out there, that isn't so unusual, right? >> yeah, it's just not, here in california it's not unusual. we have no inventory. i mean if you look at the total supply of housing i think we have a three-month supply today. in a healthy market in a normal market i think it's more of a six-month supply so even if more supply hits the market, we're still limited on supply and we have a major housing shortage, which is driving up the prices. neil: you know, tarek, what are people doing about the higher rates? i know there's many will pay cash for a home, rates are still low, historically. what are they doing at that end? >> the higher rates today? neil: yes, higher rates. >> i mean, i think that was the

question. yeah, today's higher rates are still much lower than yesterday 's lower rates, right? so even though they are higher than they were they are still extremely low. neil: okay, so for that end of the buying market, are they paying cash, are they still borrowing, maybe rates still low as you point out, it would behoove them to borrow because they don't need to pay cash. >> absolutely. you know, you'll see a lot of investors coming in with cash but a lot of homeowners using living as the primary residence they are leveraging loans and getting super low interest rates so they can keep their capital on hand and deploy it into other investments so the rates are so low right now, it makes sense to put less down and keep more in your pocke neil: got it. flip or flop is the host on hgt v. very uncanny real estate investors seeing opportunities where a lot of people did not be very optimistic about the future

, tarek great seeing you in the meantime i want to keep you abreast with what's going on with bitcoin. here is all the proof you need bitcoin, whether it's up or down on a given day, if it's a cache thing. the conference featuring bitcoin , investors and the like, sold out, completely. after this.

[ footsteps] [ suspenseful music ] ♪♪ hey, you wanna get out of here? ah ha. we've got you. during expedia travel week, save 20% or more on thousands of hotels. just book between june 8th and 12th to plan your escape with expedia. expedia. it matters who you travel with.

♪ with voltaren arthritis pain gel my husband would have been on the sidelines. but not anymore.

♪ an alternative to pills, voltaren is the first full prescription strength, non-steroidal anti-inflammatory gel to target pain directly at the source. for powerful arthritis pain relief. voltaren. the joy of movement. neil: all right another rough day for bitcoin and, you know, cryptocurrencies in general. of course, they were not too kind to these investments all 44 % from their april all-time high bitcoin is a little bit north of $65,000 a coin, it's still up 21% year-to-date, and

over the last 12 months, better than 275% over that period, susan li, following these developments and again, talk of more regulation, or that it's unavoidable that we get that way amid the big conference going on in miami. susan what's the latest? reporter: oversight is a concern , yes, we are looking forward to the biggest cryptocurrency event, the world has ever seen this friday in miami, but ahead of that you have bitcoin really in a holding pattern, you have concerns about regulation being overhang and likely a talking point also bitcoin miami this weekend and sweden and one of the regulators there just said that bitcoin is unlikely to escape regulation, and then you have the new u.s. comptroller of the currency in the biden administration telling the ft over the weekend that there should be a regulatory perimeter for crypto. now, we are expecting more than 50,000 to descend on miami this weekend and that includes some of the biggest names in crypto so think jack dorcey, and

even floyd mayweather is going to make an appearance but you have bitcoin in a bit of a holding pattern yes but still trading above the lows we saw this weekend only at 34,000 and set to crack that saturday morning we're on a two-day winning streak so a bit of a comeback, and look at the price volatility its really calmed down but the highs of the session versus the lows of the session so that really narrowed in fact we're looking at the narrowest points since the start of this year, and some say that that is a bullish signal for bitcoin, now the crypto trading mania is one reason that robinhood's china competitors, here is news for you, they want to get into america and singapore so we're talking about the like of tiger brokers, they have applied for licenses in america and singapore that will allow local customers in america to trade cryptocurrencies, possibly, on these platforms. now beijing itself has increased their efforts to limit trading on the mainland when it comes to cryptocurrency, but then you also already have we bull

operating on u.s. shores which is china majority invested as well and coinbase should be looking over their shoulders at futu and tiger brothers and finally i want to show you since we have these momentum plays back with crypto, amc have you looked at the stock today up 20% raising $230 million for acquisitions, possibly to buy theaters including ark lights cinemas on the west coast and amc more than doubled up over 1,000 percent this year and by the way, the de facto leader of the reddit bets brigade and yes game stop is higher so far as well and tweet ing for the first time in six weeks. now, amc you could say it's a fundamental story because they are really boosted by the box office this weekend best weekend we've seen since covid started $100 million over four days in the memorial day long weekend ci nemark up on that news and regal so you have some fundamentals but a lot of momentum driving crypto and these reddit wall street bets names. neil: all right, so the memes

are looking marvelous again, susan li, thank you very very much let's get the read from daniel de martino boothe and danielle you've always had a cautious view of some of the cryptocurrencies i don't know your view on some of these other meme stocks but on bitcoin you could flip it around say some oversight might give it street credit and stabilize it. where are you on this? >> well, i certainly do think that that street cred has begun in the streets of shanghai, and in beijing, where regulators have indeed begun to clamp down and yet we do see , as susan was saying coming into the segment, that the volatility in bitcoin itself is really calmed down to the lowest levels of the year, even though bitcoin is trading today south of 35,000 that's about $30,000 off of its peak. i think in order to have institutions take it more seriously, it is going to have to stop swinging around by $10,000 on sunday and saturday afternoons.

we're not used to watching these markets trade 24/7 but seeing that volatility come down, see ing american regulators, especially follow on the heels of the chinese, european regulators are also beginning to make rumblings about this. as long as bitcoin survives the gamut of regulation and again this volatility tamps down you could see people get past it being whatever elon musk has to say yesterday, today, or tomorrow. neil: you know, the fact that tesla though isn't, for the time being, letting you buy cars with it, you know, unlike a policy that was conducted a little more than weeks ago, does that hurt it? in other words, to be mainstream , forget about regulators then offering some oversight to treat it like a respectable investment, or another strategy. do you need more companies using it and saying they're using it? >> well, ultimately if bitcoin

is going to be taken seriously as a medium of exchange, it has to also be a sort of value so if you're accepting it to buy one widget one day, and the next day the price of the widget hasn't changed, but the underlying currency with which it was purchased has moved violently, then you, as the seller, as the producer, as the vendor, you're going to say wait a minute. i have to be able to keep my account steady. i can't accept something today that's worth a lot less tomorrow i'll stick with dollars that i can at least say are only going to move so much until bitcoin proves itself as being, again not just a medium of exchange. we know that bitcoin can change hands. it changes hands in all ways all around the world 24/7, but they want to see that bitcoin is going to also be a hold, a store of value in order for customers and vendors, sellers, producers to take it seriously, neil. neil: got it, danielle, great

catching up with you on this , we'll keep an eye on bitcoin but to danielle's point here keep in mind this is a little different investment because you can constantly monitor its price 24/ 7 around the clock any day, anytime, you can't do that with an amazon or disney, what have you so it just adds to some of the , you know, the frothy drama around it, because at any given second, it can have a wild swing all right, the wild fallout in texas from democrats walking out of the state legislature there and essentially putting a kabosh on republican's efforts to change the voting laws there. republicans though aren't done, we'll give you the latest, after this. >> ♪ ♪

[typing sounds] [music fades in] [voice of female] my husband ben and i opened ben's chili bowl the very same year that we were married. that's 1958. [voice of male] the chili bowl really has never closed in our history. when the pandemic hit, we had to pivot. and it's been really helpful to keep people updated on google. we wouldn't be here without our wonderful customers. we're really thankful for all of them. [female voices soulfully singing “come on in”] i knew about the tremors. but when i started seeing things, i didn't know what was happening. so i kept it in. he started believing things that weren't true. i knew something was wrong, but i didn't say a word. during the course of their disease around 50% of people with parkinson's may experience hallucinations or delusions. but now, doctors are prescribing nuplazid. the only fda approved medicine proven to significantly reduce

hallucinations and delusions related to parkinson's. don't take nuplazid if you are allergic to its ingredients. nuplazid can increase the risk of death in elderly people with dementia related psychosis. and is not for treating symptoms unrelated to parkinson's disease. nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. tell your doctor about any changes in medicines you're taking. the most common side effects are swelling of the arms and legs and confusion. we spoke up and it made all the difference. ask your healthcare provider about nuplazid.

neil: in texas, democrats walk out and republicans fire back.

the governor there promising that he's not over with this voting rights bill that was effectively shot down when democrats opted not to provide him a quorum in the legislature. matt finn with more from austin on where this stands now, hey, matt. reporter: well hi, neil. texas governor greg abbott said he expects legislator here to have their differences worked out by the time they return for the special session and there is a special session on the calendar later this year and we talked to the governor' office minutes ago and at the aren't clarifying whether this will be added to that session or if at any moment the governor can call for a new session the lt. governor also not clarifying for us. on sunday night the democratic caucus here revolted, and they walked out essentially putting an end to passing state senate bill 7. it was the first walk-out in 20 years at the texas capitol. republicans say that voting bill will still allow for early ballots while eliminating

violations like 24 hour voting and drive-thru votes and the bill would make it easier for a judge to overturn elections based on fraud and democrats claim this bill is voter suppression for example, arguing in part the bill would ban voting before 1:00 p.m. on sundays appearing to stifle black churches events. >> despite a republican secretary of state in the general election, to stay secure and successful, this legislature sought to pass an extreme bill to deny people the rights of voting. it's unamerican. it's sad. reporter: texas' lt. governor, dan patrick, is partially blaming texas' republican speaker of the house saying he gave this voting bill just a few hours on the agenda late sunday night. >> he put a critical bill, senate bill 7 on voter integrity on the floor with four hours to go before the deadline. that was bad planning.

reporter: texas' republican speaker of the house defending his decision on the timing saying the rules are the rules and essentially the democrats here have the option to wind-down the clock and that's what they did, neil. neil: matt finn, thank you very much, matt is in austin. all right, when we come back, jeff flock on a development you might want to pay attention to unless you got a gas stove, your days could be numbered with those. you might have to switch it out, and fast. he'll explain, up next. >> ♪ ♪

before discovering nexium 24hr to treat her frequent heartburn, marie could only imagine enjoying freshly squeezed orange juice. now no fruit is forbidden. nexium 24hr stops acid before it starts for all-day, all-night protection. can you imagine 24 hours without heartburn? (vo) conventional thinking doesn't disrupt the status quo. which is why t-mobile for business uses unconventional thinking to help your business realize new possibilities. only one 5g partner offers unmatched network, support, and value-without any trade offs. in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities.

how great is it that we get to tell everybody how liberty mutual customizes your car insurance so you only pay for what you need? i mean it... uh-oh, sorry... oh... what? i'm an emu! no, buddy! only pay for what you need. ♪ liberty, liberty, liberty, liberty. ♪ wanna help kids get their homework done? well, an internet connection's a good start. but kids also need computers. and sometimes the hardest thing about homework is finding a place to do it. so why not hook community centers up with wifi? for kids like us, and all the amazing things we're gonna learn. over the next 10 years, comcast is committing $1 billion to reach 50 million low-income americans with the tools and resources they need to be ready for anything. i hope you're ready. 'cause we are. look...if your wireless carrier was a guy, you'd leave him tomorrow. not very flexible.

not great at saving. you deserve better - xfinity mobile. now, they have unlimited for just $30 a month. $30 dollars. and they're number 1 in customer satisfaction. his number? delete it. deleting it. so break free from the big three. xfinity internet customers, take the savings challenge at xfinitymobile.com/mysavings or visit an xfinity store to learn how our switch squad makes it easy to switch and save hundreds.

neil: you know, as many of you know, i'm a huge fan of jeff flocks really because he has a unique way of taking some developments that are in the news and bringing them home to you in this case quite literally where the move away from natural gas, or the part of the powers that be in washington, could have a direct impact on folks who either heat their home or , you know, cook their food, via natural gas. those days could be numbered. jeff is right now in joliet, illinois with more on that.

jeff? reporter: pressure on me there, neil but thanks for that. yeah the target is on big coil oil now and fossil fuels in general, everything you see from the plant behind me, that's the exxon-mobile refinery back there spewing as you see , polluting the environment, but now the push is on against natural gas too, yeah, to heat your home with natural gas? it used to be thought that wow that's cleaner than coal, isn't that great? that's a positive for the environment. now, some cities, like san francisco and new york, are actually talking about banning natural gas, because it too is a fossil fuel. i tell you this is a trend that is, you know, really heating up here since we have a democrat in the white house and a democrat congress. you know, you think though, hey what happens if we do electric powered cars? won't that just get rid of gasoline so that gets rid of oil , right? take a look at these numbers, neil. i'll tell you i didn't even know

this. i would have assumed that most of the oil in a barrel of oil goes to be refined into gasoline turns out, not true. less than half is refined into gasoline. a third is actually refined to diesel, and heating oil. another 14% into petrochemicals which are as you know are in pretty much everything, and then 7% into jet fuel, i don't know how many battery-powered planes we're going to get anytime soon but i don't think i'm going to get on one, at any rate, oil is much bigger, fossil fuels much bigger than just, you know, eliminating gas-powered cars and going to electric cars and now, eliminating natural gas? thought that was clean, used to be thought of as clean. now, not so much. what can i tell you, neil? neil: yeah, i was just going to ask you about that. that natural gas was always considered the clean air of the fuels, and of course for a lot of people who depend on it,

even cook their food with it. if that issue was forced, man, that's an expensive retrofit. reporter: well you think, i've got a natural gas system in my house. it was $25,000 to put those , two furnaces in there. now, if you don't have natural gas anymore, what am i going to heat my house with? i may have to start busting up the furniture and putting it into the fireplace, i don't know , but it's going to be a big changeover. neil: to put it mildly. jeff, thank you very very much. putting it into perspective it's real though as he points out there's a push particularly among progressives to see how far they can go with this , jeff flock in illinois on that. i want to go to robert charles the former bush 41 staffer former bush 43 assistant secretary of state, get his thoughts on what's going on with russia, and a tense relationship i think that's probably an under statement, robert, but they have warned already that we

should be prepared for uncomfortable signals ahead of this summit between president biden and president putin, what do you think they mean by uncomfortable signals? >> i think honestly what we're looking at, neil, is they meet on june 16, and i think that russia is testing biden, testing all of us. i think that's transparent and i think biden needs to show a little less chamberlin and a little more winston churchill which isn't just firmness. it's also just understanding what's really in front of him. russia and china are coordinat ing closely. when the senior leadership of russia and china met on march 23 within hours after that, you had the ukraine, the buildup of russian troops on the ukraine border and you had tense fly- buys and intensive exercises around taiwan by china. they're going to meet this week, by the way again, prior to the summit between putin and biden, so i think biden just needs to toughen up a little bit. there's big issues, one is whether biden says listen to this and you're not going into

the ukraine. we're not going to tolerate that another one has to do with political distance and another has to do with hacking, solar winds and the potential links to the colonial hack. others have to do with things like the air piracy so i mean, we need to go in with a firm agenda and we need to make clear ahead of time that this isn't going to be just showcase, and this isn't going to be about we'll say something blind about climate change when it's all done. we need to talk seriously, and i think interestingly, there are ways in which the united states could coordinate and cooperate with russia instead of pushing them to cooperate with china, and of course, china's the big target, meal we all know that. china is the threat economically , diplomatically, ideologically, china is the driver. neil: but i do wonder when china and russia are cozying up to each other which was very different at the time when russia i believe in 2015 went into the ukraine. the fact that they're in concert on so much makes me wonder what we should be preparing ourselves

for , maybe as soon as this summer. what do you think? >> well i think that whether it's before or after the summit , what they profit from is an unusable world environment, so, you know, china is also talking closely with iran, russia is talking with iran, the fact that iran is behind hamas and you get in stability in the middle east, that only helps china in terms of their ability to put down unrest in hong kong, to potentially threaten or worse taiwan, other islands in the south china sea, i will say one of the shocking things to me is to see that we are not going to have an aircraft carrier in the pacific. that's an odd turn of events. we're going to send the ronald regan over to coordinate our withdrawal from afghanistan. to me, there is a lack of cohesion in the biden foreign policy. it can be fixed, but it needs to be fixed in places like that summit. no matter what russia does ahead of the summit. neil: robert charles, great catching up with you.

i'm not sure i liked everything you were catching us up on but thank you very much my friend. we've got the dow jones industrial up 33 points, technology stocks again in an improving rate economic environment, economically sensitive issues to well, technology stocks not as well. that is continuing into the new month. we'll have more after this. we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it with hassle-free claims, he got paid before his neighbor even got started. because doing right by our members, that's what's right. usaa. what you're made of, we're made for. ♪ usaa ♪

with better than ever deals at cvs, you can save big to make your summer... . . on select products. now at cvs. nobody builds 5g like verizon builds 5g because we're the engineers on select products. who built the most reliable network in america. thousands of smarter towers, with the 5g coverage you need. broader spectrum for faster 5g speeds. next-generation servers with superior network reliability. because the more you do with 5g, the more your network matters. it's us...pushing us. it's verizon...vs verizon. and who wins? you.

municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-763-2763. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income...are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-763-2763. that's 1-800-763-2763

♪. neil: all right. it is not just colonial pipeline. now the world's largest beef supplier, jbs, has confirmed that it was hit by a ransomware attack. we do know that it had to take a number of operations off-line trying to adjust things now. but so it goes. now to charles payne. hey, charles. charles: first oil, then beef. getting to the heartland, neil, thank you so much. neil: you're not kidding. >> good afternoon, everyone. i'm charles payne. this is "making money." breaking now if there was any doubt america is back. memorial day weekend proving the pandemic reopenings are now in full effect and those who bet big made a major killing but there is still room on the string and my experts will tell you exactly where you want to be. plus those people stocks, they do keep printing money. i have a guest who sayshe