people put bets on dominating. i knew it was the nile. i think it is accepted it is the est river in the world. didn't they say there is a river you can't deny, there is denial, you know what i'm talking about, right? stuart: you're in denial if you don't do this and that, other, longest river in the world. we're out of time, susan. good luck in miami. i'm sure we're talking to you. my time is up. neil, it is yours. neil: thank you very much, stuart, welcome back. we're following a couple other developments, not only happening on the market front but what is happening on the meat, poultry, you name it front. the all the prices are moving up, the idea what happened to meatpacker jbs could have reverberations around the world. maybe in china, since it imports majority of the meat from the united states i might point out

that tells into question, by the time it gets there it will be a lot pricier than it was. we've gotten reports out of reuters russia was indeed behind this attack. the group rebel, you might remember, that was thought to behind the colonial pipeline hit that we had a few weeks back. there is no way they're able to confirm any of this but that is the latest, rumormongering going on as we try to get to the source of all of this. then we hear about, you know, transportation boats between nantucket, martha's vineyard, continental united states have been impacted. the parent company of that impacted by a hacking incident as well. whether it goes back to this one is anyone's guess. welcome, everybody, i'm neil cavuto. this is kos to coast. we're following the fast fast-mg developments and fallout for grocery bill and summer barbecues planning them now. maybe you lucked out bought a lot of meat before this hit the

proverbial fan. maybe a lot of folks you didn't, you worry about what you do. jeff flock following all of this in long grove, illinois. hey, jeff. reporter: i'm back in the meat locker in the chatter box in the suburbs the impact on this. mike owns the chatter box. you got a text from meat supplier? >> our food supplier. u.s. foods. it says all of the u.s., ubs, usb plants were forced to shut down. cyberattack, sent the article. meat is about to get out of control. reporter: out of control. can i see that text? put my glasses on, maybe you can see it, neil. meat is going to get out of control. the food chain is decimated. manufacturers cannot get employees. too much free money for the wrong people for the wrong reasons. first time i read that. in addition to that problem, the hack, inflation of cost of meat, just the price and cost of

everything. i want to take you inside of the cooler real quick, neil. this chicken, for example, this is a box of chicken here. chicken breast. how much did this go up already? >> that is a 40-pound box. went from $78 to $120 for the same case within one month! reporter: this is before the hack took place. this inflation was already going on. want to show you one more thing. that is beef obviously. that is huge. jeff, get back in here. what is beef doing? >> beef in one week went up dollar 50 per pound on me, dollar 50 per pound! reporter: this is he have about the hack took place. the guy texted you, food supplier, says crazy things or meat is about to get out of control. how do you read that? >> because we're a current supplier he will supply us first before everybody else tries to get stuff. i'm trying to hold prices. i'm trying to keep where i am for my customers but how long,

every month i've been getting 10% increases. and now this. i mean it is out of control. reporter: mike, i appreciate it. neil, we'll be back next hour, give you a better sense of the restaurant and inflation, not just of beef and the meat but, you know, it is hitting them across the board tough. boy these restauranttures have been up that their ears already. now it is above their ears, neil. neil: is that really humanizes it, jeff, puts it in perspective. we hear statistics all the time. this guy is front and center in a practical and tough way. thank you very much, my friend. we'll be going back to jeff, monitoring this throughout the day on both the business network and news channel. keeping abreast of this, this is happening at a time when these costs were going up prior to the hacking incidents. remember a lot of this was built on supply and demand as we're coming out of our homes, we're barbecuing more. we're splurging a little bit

more. the cost of a lot of these items goes up more. of course this jbs situation which by the way comes at a tough time as jeff reported with that restaurant and grocery store owner. they're already feeling the pitch right now. this is going to pressure the restaurant industry profits and even though right now jbs is saying 1/5 of its meat capacity was wiped out, it is back online, it says and hopes to address that all, but occurs at the same time australia plants are having a very slow restart. that is problematic for all points asia. that is market where china gets its meat supply. you see cascading effect of all of this. so does scott shell lady the cow guy and carol roth. war on small business author. carol, it is too early to say

whether it has lasting impact but it has an impact now and i'm wondering how it could change consumer behavior if at all what do you think? >> first i i want to thank you d jeff for highlighting the impact on small business because obviously as you mentioned restaurants are hammered by government mandates. they have been hammered by government competing for employees, not having people back in the workforce. now their suppliers are starting to feel it. so it is really this cascading effect and as you herd the restaurateur saying he is trying not to pass that on to the consumer but at this point that is going to happen both from the supply chain as well as from a wage perspective to get people new work. so when you are thinking about what is going to be the lasting part of inflation, even if the supply chain comes back online i still think the wage pressure that has been created by all of this government intervention probably keeps that inflation

moving in the upward direction. neil: you know a lot of people who sort of poo-poo the inflation threat, scott, say these are aberrant events, they go outside of the normal realm of supply and demand issues, i get that. they talk about a hacking incident out of a big meat wholesaler and supplier but normally these things don't happen in a vacuum. in other words going into this, and these attacks, a lot of food and related commodities were on the rise any way. so this has made it a little bit worse but where do you see it going? >> well, we all have to remind ourselves that nobody on this planet has seen a 29 trillion-dollar economy start off from scratch. i think that is the biggest issue. we're going to write books until i'm dead and long after about the unintended consequences shutting down your economy, the best economy the world has ever seen and the unintended

consequences when you start things back up again. because when you flip the demand switch, that is instantaneous but the supply switch isn't. then you throw in the labor problem like carol just said. then you throw in the fact that we've had a lot of wall street money betting on an inflation problem. so they got into these contracts very early on and we're starting to buy them up as a hedge. they don't even need them. they were involved in the markets. so now we've got the wage pressures, we've got the supply chain pressures. we're trying to open up start this economy from scratch. this is a perfect storm for price problems. i think, yes, at some point in time when things are coming off the conveyor belt in a timely manner we'll start to get a little more comfortable, things will start to come off the boil, nobody on the planet, remind yourself, has ever seen anything like this before and we don't have the right verbiage for it. look at the administration, on friday we will get a job number, they will use the word, we created these jobs. we just gave somebody their job back that you threw them out of

last march. that is not creation. that is letting them have it. we don't know what the right words to use in this instance. i think it is such a monumental event and never happened before, this is something we'll have unintended consequences for a very long period of time. neil: guys, going back a little bit later. we're waiting for updates from jbs, of course the big meatpacking giant, how it is faring right now. says everything will be soon back online but that disruption could be felt a while. it can't control these prices and market reaction a lot of people buy and sell in the so-called futures markets, commodities markets pegged to that. that includes a food stuff a lot of animals put to sleep before they slaughter. market normally on panic reaction sends prices up until they see signs that things are cooling down. the company's case, jbs's case,

that the trend will be their friend. they're executing emergency plans to get everything online. that will prove easier said than done. get the read on all of this, it was a hacking incident that produced this and we're told from russia, russian, you know concern called rebel, if that rings a bell, it should. it has been involved in a number of alleged attacks on u.s. operations say nothing of others across the planet. right now that seems to be identified increasingly as the culprit behind these attacks. jamiljaffer iron head vice president. what do you think, we had another attack on ships that ferry people back and forth to places like the united states, martha's vineyard, nantucket, we

don't know if this is the same hackers, but it has happened again. what do you make of this? >> neil, this is a series of things we've seen. we saw the russian government attacks on the u.s. government with the solarwinds operation that began in december, we found out december earlier this year. microsoft exchange hacks directed by the chinese. a slew of ransomware attacks with significant impacts. colonial pipeline effort and jbs situation. we saw the what the russian government did with jbs. we're seeing consistent drum beat of by our adversary riffs. not always state organizations, right? sometimes they're criminal groups but often operate with the knowledge and sign-off of the government particularly places like russia where there is a relationship between criminal groups and the nation-state. the thing to be concerned about this, neil, how do we defend against this, companies and industries together collective with government to defend these

things. how us does the u.s. government make these companies pay a price. you can't come to the u.s. and affect our supply chain without consequences. neil: so if it is the russians, they seemed to hint or telegraph this type of activity that there could be surprises ahead of the summit between president biden and president putin, were they referring to things like this? they will not own up to it obviously and admit it but would this be the type of thing they're threatening? >> well it's a great question. we don't know for sure, certainly has ramifications. here we are two weeks out from the event. they made this statement about surprises and now we're seeing more revelations on russian hacking of usaid, russian associated group, that european group with russian ties with the colonial pipeline. now according to the white house at least, a russian-based ransom demand in the case of a major, jbs produces a quarter of the

u.s.' meat. 66,000 employees nationwide in the u.s. 25,000 plants. jbs did right thing. they shut it down. they were able to bring them back quickly. they're up and running today quickly already. it's a good sign. it is democrat straight as company vick tim the attack was able to do the right thing. at same time, colonial impact on gas supplies and this will have long term impact. that is a concern. if russians are involved, president biden has to pet pressure sherr on the russians you can't do this in a cost-free manner. neil: the russians will keep doing this. i don't know why you're pointing the finger at us, joe biden. we'll be going in circles at each other. >> you're right, neil. that is part of the challenge. we have to do a better job defending our nation. when it comes to critical infrastructure, oil, gas, energy, health care, financial services we need industries to

work together collectively. can't be one company defending themselves against the russians, iranians or north koreans or the chinese. they have to come together, join hands, frankly the government has to do better job sharing actually threat information that has to be part of this like the cyber commission said a year ago a few months ago. neil: this is going to happen again, isn't it, and again? >> it is, it is unfortunately, neil. we've got to be prepared to defend and prepared to extract cost too. we can't keep taking the hits. we had billions of dollars, trillion in total stolen of intellectual property by the chinese that we're innovation economy. if the intellectual property walks out the backdoor, we'll not succeed as a nation. our economic future depend on protecting cyber infrastructure and pushing back when nation states get involved in this stuff. we can't be cost free. biden administration has to be

stuff. neil: thank you for giving us the big picture look at all of this. i'm a little worried to your point, to put it mildly. thank you, jamil. the internet, electronic grid one of the things coming up in the infrastructure measure the president is still pushing with republicans. he will meet with west virginia republican senator capito with the idea can they find common ground. they're still quite aways apart on the price of this. implications getting a deal done, whether it will do anything what we're seeing right now on the acting front, after this. ♪.

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. [ 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.

before nexium 24hr, anna could only imagine a comfortable night's sleep without frequent heartburn waking her up. now, that dream... . ...is her reality. nexium 24hr stops acid before it starts, for all-day, all-night protection. can you imagine 24 hours without heartburn? (announcer) do you want to reduce stress? shed pounds? do you want to flatten your stomach? do all that and more in just 10 minutes a day with aerotrainer, the total body fitness solution that uses its revolutionary ergonomic design to help you to maintain comfortable, correct form. that means better results in less time. you can do an uncomfortable, old-fashioned crunch

or an aerotrainer super crunch. turn regular planks into turbo planks without getting down on the floor. and there are over 20 exercises to choose from. incredible for improving flexibility and perfect for enhancing yoga and pilates. and safe for all fitness levels. get gym results at home in just 10 minutes a day. no expensive machines, no expensive memberships. get off the floor with aerotrainer. go to aerotrainer.com to get yours now. ♪. neil: all right, i guess we shouldn't be too surprised but the president making it official that he is going to undo those oil and gas leases that his predecessor put into effect i think in his final day in office right now but continue as trend that the energy industry says is very much anti-traditional fossil fuel. blake burman with more from the

white house. hey, blake. reporter: neil, you're exactly right. this actually even goes back all the way to 2017, the arctic national wildlife refuge, otherwise known as anwr was written into the 2017 tax bill, when republicans put the bill, passed it towards the end of that year. the ability to lease drilling permits is at the heart of this. you have to fast forward to the last few days of the trump administration. they gave nine different leases to allow drilling in anwr. but then in comes the biden administration of course. now they are announcing a halt to that. the national climate advisor gina mccarthy saying the following in a statement quote, president biden believes america's national treasury secretary janet national treasures. department of interior suspending all leasing depending review of the administration's final days that could have changed the character of this special place forever.

alaska's republican delegation calls the decision outrageous, for example, senator leeza murkowski says this action serves no purpose other than to obstruct alaska's economy and put our energy security at great risk. when you talk about anwr, neil, about 19 1/2 million acres. million 1/2 of that coastal portion site is about possible oil and gas drilling. bureau of land management, their thinking, their belief, they think there is somewhere 4.25 to 11.8 bill barrels of recoverable oil. for now, at leave those leases put on hold. neil? neil: all right. thank you very much for that, blake burman. douglas holtz-eakin on the economic fallout on all of this. more specifically on the same day the president will be meeting with senator shelley capito of the state of west virginia. she is sort of like the republicans lead person on the negotiating these infrastructure

talks. they are still miles apart right now. but doug, the way things stand, even though they have come closer together, the two sides are still a little bit more than half a trillion dollars apart as they are on how to pay for it. the president's plan has taxes knee deep into his proposal. you know the republican plan relies on user fees, that sort of thing, unused funds for covid relief. so where do you see this going? >> i think you summarized it pretty well, neil. i don't think there is an obvious path forward. they're very far apart on the top line number and pay-fors, and don't agree on the infrastructure. they're into the fifth meeting trying to figure out what to spend the money on. at this point i don't see something emerges as a path forward. the real question, just how patient the president and the administration are going to be? do they genuinely want a

bipartisan bill and will they negotiate as they inch toward as final conclusion and will they pull the plug to pass this on strictly democratic votes. neil: i wonder if they even have the democratic votes because it is close. certainly, in the house enough where they have only about a few representatives sort of wiggle room and virtually dead-even in the senate. so what do you think? >> i think it is an open question. part of the problem with this approach of saying, okay, we're not going to have an administration position on what is infrastructure. we're just going to say we want to spend a trillion 1/2 dollars is that every individual member congress has their own idea what belongs in that bill and just getting agreement on one side of the aisle is very difficult. so you will see a huge range of proposals from the progressives in the house, center of road democrats up for re-election in 2022 so they may not be able to get agreement. in the end i think we'll be in

september, october, they're going to be combining elements of the american jobs plan, the infrastructure bill with the american family plan, their other proposals and trying to figure out what they can get through the congress this year. neil: i also wonder whether all of this spending, the president's six trillion dollar budget, let's say he gets everything he wants, passes along party lines, doug, what are we looking at here? >> this is an extraordinary document. it proposes to have the highest level of federal spending as a fraction of gdp over 10-year period, the highest in history. that would include the window of world war ii in it. this is extraordinary amount of spending. highest level of taxation in history over the next 10 years. even with that, it proposes to borrow an additional trillion 1/2 dollars to pay for

the spending. it is not just six trillion this year, what it would put in place the next 10 years. enormous amount of intervention, of the government in the economy and a lot more red ink. that is a set of headwinds to the economy i think would ultimately backfire on the president and his followers. neil: doug, thank you very much, i think. see all this where it falls out, my friend. douglas holtz-eakin, the former congressional budget office director, american action forum president. we told but the great reopening in the country and remember the backdrop of all of this we're feeling pretty good not only about our financial wherewithal and getting back to doing things we almost forgotten being couped 14 months in our homes. that includes a strong movie weaken and taking in more shows like circus da soleil and buying

more tickets. the company that runs that after this. they said it couldn't be done but you managed to pack a record 1.1 trillion transistors into this chip whoo! yeah! oh, hi i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you you don't have to be circuit design engineer to help push progress forward can i hold the chip? become an agent of innovation with invesco qqq

(vo) this is more than just a building. can i hold the chip? it's an ai-powered investment firm with billion-dollar views. a cutting-edge data-security enterprise. yes, with a slide. a perfect location for the world's first one-hour delivery. an inspiration for the next workout cult. and enough space for a pecan-based nutrition bar empire. it could happen. this is where dreams become brick and mortar. find yours, on loopnet.

♪. neil: all right. the great reopening is on across the country. in ohio today, they are essentially lifting all remaining restrictions in the state. you already heard about what is going on in las vegas where they're at full capacity right now. certainly the casinos are. milwaukee among, dozens of u.s. cities and my municipalities eng mask mandates all together. we'll talk to the head of sir kay cirque du soleil.

jonathan darery talking about all the uplifting news. reporter: neil, daily case numbers continue to go down, we're seeing life runner toe normal in more cities and states. ohio, lifted all covid restrictions. that includes mask mandates and social distancing requirements. businesses and local school districts are free to continue their own restrictions as they see fit. milwaukee lifted its citywide mask mandates. milwaukee schools will ask to continue wearing masks indoors once full-time learning begins in the fall. the biden administration is redoubling efforts to get at least 70% of american adults to get vaccinated by july 4. >> whether it is the private sector sends that message, public sector, families, friend, we need people to be vaccinated if you really want your freedom, get a vaccine.

then we'll all be free. reporter: las vegas casinos are back at 100% capacity, surrounding clark county, nevada lifted restrictions on large gatherings. neal, that comes as welcome news, during the height of the pandemic if you took any three las vegas residents, chances were one of them would be unemployed. neil? neil: thank you very much, jonathan serrie. good news all. good news for my next guest as well. daniel lamarre. he has to have a fund job. he is the guy in charge of cirque du soleil. i believe they're holders of blue man group. very good to have you, daniel. thanks for taking the time. this must all be good news and welcome news to you, right. >> it is for sure. you are mentioning that i have a fun job. i do have my fun job back now that we are relaunching our shows. that is an exciting time. neil: now obviously you had to

notify all the performers and they're up to it now? i mean that is a physically grueling show? they're obviously in the best of shape. i'm just wondering, how that all went down and how they're getting ready and how you're getting ready to prepare? >> yeah, the best investment we did was to keep in touch with all of our artists around the world. in vegas that was even easier because they live there and we have encouraged them to continue to train. so the good news right now because we can see it and the staff and the first two shows that are going to open we see that the artists are in better shape than what we anticipated. so therefore when the audience will come back to our show, they will see the same quality of show of what it was before the pandemic. neil: yeah. because i don't know, daniel, i

don't know that the human body is able to contort itself to do all the stuff your performers do, god bless them. i want to know, including the blue man group you're seeing there. this is largely las vegas. how will it play out as you roll across the world? >> i was listening to what you were saying a few minutes ago about the vaccine situation. and i would like to really jump on it and say that we are following what is happening with the vaccine. so we know that in vegas most of the population will be vaccinated when we will open our shows. that is what we're looking around the world. for instance, we're going to open in london by the beginning of next year because we know the new case, vaccination level is pretty high. in the u.s. vaccination has been accelerated by give us a huge level of comfort not only to reopen our shows in las vegas

but to have a very strong presence of our cirque and blue man shows everywhere around the united states. neil: daniel, will you require that those in the audience have been vaccinated or, or what? i know the performers are going to be vaccinated but how will that go? >> yeah, first and foremost we want to protect our cast and crew, so there are going to be vaccinated. we also want by the same token, it's a good way for us to protect the audience and and there will be no restriction but obviously we take for granted considering the level of vaccination that most of the audience are going to be vaccinated. we are going to also, you know, have testing to make sure that the people that are in the theater are healthy. neil: so just understand this,

in vegas for example, where you know, the casinos can operate now at full capacity i would imagine it is the same in theater venues, show venues like the one where you have your shows? >> yes, totally. and that is good news for our organization, because we see in the early days that obviously the demand is there for our shows because cirque du soleil is intertwined with the reputation of las vegas. people call it sometime, cirquedu having mitigation. we have great -- vegas. neil: i wish you well and performers there, incredible. daniel lamarre, cirque du soleil ceo. the shows are back on. they are something to behold.

i don't know how the human body is able to do what they do. the reason i decided not to go into circus work even though many of you recommended that i do. that is a whole separate issue. we're following the ransomware issue with jbs. with the white house briefing, the president launched a rapid strategic review to address the increased threat of ransomware in case you didn't hear. jbs, on the colonial pipeline just a few weeks earlier. it also, streamline authority of massachusetts, that provides ferry service to folks in nantucket, places like nantucket and cape cod and martha's vineyard, there was a ransomware attack. we don't know much more than that how it affect the very service to and from those locales. that is the latest edition. it this is something that isn't stopping. it is accelerating. after this.

♪. 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. my name is douglas. i'm a writer/director and i'm still working. in the kind of work that i do, you are surrounded by people who are all younger than you. i had to get help somewhere along the line to stay competitive. i discovered prevagen. i started taking it and after a period of time, my memory improved. it was a game-changer for me.

prevagen. healthier brain. better life. 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. (vo) nobody builds 5g like verizon builds 5g. thousands of engineers taking peak performance to a new level. that's why in parts of many major cities where people can use massive capacity

we added verizon 5g ultra wideband, the fastest 5g in the world. nice. it isn't just a step forward, it's a leap forward. 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.

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. >> this is a situation that, that the defies gravity and truly like a salvadore daly painting where the time stood still. if you think about it the scientists have come out and said with definitive authenticity in their voice that they know where it came from but there is no proof. neil: and apparently there is no worldwide rush to get to the bottom of this and that could be the problem. rich edson at the state department with more. hey, rich. reporter: good afternoon, neil.

and the diplomats have met and there appears to be no momentum with the world health organization to begin a new independent study in china how this pandemic began. the world health assembly finished its annual meeting, received no commitment from china's government to allow an independent research team access covid's origins. the w.h.o. did elect new members to the executive board including syria, a regime the w.h.o. has acknowledged bombed its own hospitals. a state department spokesperson we have grave concerns that syria and belarus have been elected three-year terms for the world health board. no secret that syria and belarus do not hold universal values of human rights. chinese state media attacks any suggestion that the virus escaped from the wuhan institute of virology.

china state media outlet that the u.s. investigation into a possible lab leak will be america's water loo, costing the u.s. credibility. here in the u.s. more scientists have come around to at least a lab leak investigation. buzzfeed has secured thousands of pages of dr. anthony fauci's emails. in one from april of 2020 the director of the national institutes of health, dr. francis collins, emails fauci and refers to a fox news report about growing confidence in a lab leak as a conspiracy, though last month collins told senators he believes this developed the virus did in nature but he said you cannot exclude a lab leak, at least looking into it. back to you, neil. neil: rich edson, thank you very much for that. we're getting more white house reaction to these cyberattacks right now, the latest one being on the steamship authority in massachusetts that oversees ferries that go to places like nantucket, martha's vineyard that sort of thing.

saying that no doubt vladmir putin has a role calling out and stopping these attacks, saying i do not have anything more on the steamship authority attacks. by that whether they tie in to what happened at jbs, the big meatpacking concern and indirectly the colonial pipeline attacks just a few weeks earlier. we're monitoring. stay with us. ♪

[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”] (vo) while you may not be running an architectural firm, tending hives of honeybees, and mentoring a teenager — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you help others.

so you can live your life. that's life well planned.

♪. neil: all right. welcome back, everybody, we're getting some interesting comments out of philadelphia fed president patrick harker. first on inflation in general, that the fed knows how to respond if inflation knows how to control. doesn't see that happening though. that wages will eventually level off, but his comments particularly on crypto currencies that you know, i find a little curious saying that a digital currency will eventually emerge but it will take time. he goes on to say, that a payment structure is what is in order right now and we're not there now. that is, a reference obviously

to bitcoin, others being used as a way to buy and sell things. it is not widespread enough. i think that is what he is kind of hinting at. scott shellady back with us. carol roth back with us. carol, i think that is a key way saying we're watching this thing. we're not panicking about this thing, but we think we have a role in overseeing this thing. what do you make of it? >> yeah. i mean central planners want to control everything and certainly decentralization and that means crypto in the case of currency is a big threat but i do think that he is right in terms of the currency aspect, the way that i have been looking at crypto is really more of an alternative asset because i don't think it meets those tests in terms of a exchange as you mentioned, alluded to, a store of value you traditionally think of as a

currency and that is the big issue with versus central planning and decentralization all along. decentralization is fighting against the central planners and what the fed is doing to devalue the dollar. the fed and federal government, they have a stock market, they have a giant military, an irs takes payments in dollars so i don't think this digital currency fight is over. neil: one of the things that is interesting, when you listen to what he is saying, scott, is that we have a very robust payment structure in the u.s. right now, referring to as carol was saying all the structure around just our dollar. the federal reserve, the treasury, just the system in place, at all our banks. so the fact that he is talking like that, that it would take a while to build something like that for these crypto currencies, but obviously that is not dissuading buyers of these currencies and these technologies. so someone is going to be very wrong here.

>> yeah. i mean right now, i've said this before on your show before, it is still in the pioneer stage. it is much too early to get my customers involved. something only moves around on what elon musk says, not anything else will be a little bit of a worry and by the way this is something that, they're accepting cryptos in, hamas are accepting cryptos because it is decentralized. you can't trace it. it is covert. that is something still in the very dark side of things. it hasn't really come to the forefront. i think that is what the fed is saying. we have aways to go before this is something we'll talk about on a daily basis. number two, i said to you before, neil, give me 10 people invest in bitcoin, i bet two can't tell me what is really is. there is still so much more education has to be involved as well. it is more sexy now, it is more tolerated right now. there is a lot of oomph behind

it. i don't think it will be anything we really have to kind of change the way we do thing because we can do a lot of those things already. look at the rise of things like venmo, all the other pay apps are very interesting, might slowly but surely morph into sort of a bitcoinesque type of thing. so a long way to go. neil: yeah. can you imagine if venmo starts accepting bitcoin as payment. that's another hurdle. but, carol, i'm curious what you make of where all of this is going? i always argue i know a lot of bitcoin enthusiasts rue the possibility of government getting involved but it could also help all of these technologies if it gives it some street cred. by that if there is a vehicle you can buy and sell, expand markets or possible markets. word now that coinbase is offering dogecoin a trading platform, might just be a step in that direction. whatever you think of dogecoin,

if it is a lark or whatever, i'm wondering where you see this going? >> a lot of people are talking about this as an either/or proposition. i certainly this is this bold proposition where you have a digital currency which isn't one of the standard cryptos we know of today. maybe it is put out by the central bank but that the cryptocurrencies are a hard asset that have some other deep of value, much the way that gold is seen as inflation hedge or people invest in -- [inaudible] the weird thing to me, you think ever something like wine or art or beanie-babies back in the day, the value was based on exclusivity, limited edition, even though the bind beanie babies, you have something going up that is highly inclusive. that is sort of a head-scratcher and i think something to watch. i do think there will be

something digital out there whether it is something that exists today or something hasn't been yet created but i don't think necessarily you can only have one or the other. there is potentially -- [inaudible] neil: i think you're probably right, which means you should run the other way, carol. let me step back to look at the inflation thing. that might be providing a catalyst for a lot of this talk and one thing i noticed, scott, depending on the federal reserve banker or district president, to a man or woman they seem to be dismissing this inflationary threat, saying it is contained, it will be short-lived. i don't want to put words in their mouth. they seem to be saying wages will ease up a little bit. we'll hear from philadelphia district president. others say the same thing. we're focused on job growth and we can let this go for a while. what do you think? >> like i said before no one has ever seen us start from cold,

28, 29 trillion-dollar economy before and i think one thing that scares me i'm a little erring on the side of the fed here. i don't normally do that but i would think we have to wait and see, wait until we see the supply chains with products coming off the conveyor belt like they used to be before we shut down because all of the unintended consequences are coming to the fore. people are still sitting at home even though we have 8.1 million jobs. this economy is a baby with growing pains. we'll see how things shake out. let's remind ourselves we poured a lot of money into the economy. but a lot of people needed that to eat around pay rent. not like they were throwing it away at casino or dogecoin. i don't see a lot of that assistance going into the market. where did we invent some new technology i'm not aware of over the pandemic? i would have expected us to get back to where we were in december 2019 or january of 2020. now everybody is going around

thinking this is the greatest thing since sliced bread. i don't think that is the case. i think we're restarting something no one ever seen before. neil: that depend if you think sliced bread was a big deal. thank you both very, very much. you're smart and witty as well. the dow down 29 points. it dropped 70 point just in the course of scott shellady's remarks. or the one where nothing does. with comcast business you get the network that can deliver gig speeds ...ic we'll keep you ready for what's next. comcast business powering possibilities.

are your hr processes weighing down your employees? on to quarterly projections! expense report!

if you're using multiple systems, re-entering data over and over time sheet! using email and spreadsheets to manage information and approvals, then your hr systems are a drag on productive time. with paycom, employees enter and manage their own hr data in a single, easy-to-use software. visit paycom dot com and schedule your demo today. do they know this door is locked new pronamel mineral boost helps protect teeth against everyday acids. pronamel boosts enamel's natural absorption of calcium and phosphate - helping keep teeth strong, white and protected from sensitivity. new pronamel mineral boost

neil: all right, one of the world's biggest meat suppliers is trying to get back online and trying to get beef, poultry, all of that stuff out to you and soon but the devils in the details in getting it done, jbs indicating that about a fifth of its meat capacity was wiped out in the process in trying to make good on that, but would normally be the case just the report of this , immediately lifted beef and pork and poultry prices, it's already pressuring restaurant profits we've got to jeff flock on that in a little bit. i should also put in context that the white house has been commenting on this , and we're not blaming vladimir putin or russia directly, saying that the country had a role in calling this out and stopping these attacks. so where does that stand right now let's go go to blake burman monitoring alabama of this at

the white house. reporter: hi neil and part of the message from the federal government today is really to any business in any industry in any part of the country, about the need to harden its cybersecurity, for example, one of the top officials over at the cybersecurity and infrastructure security agency said the following in a statement just a little while ago, "as this and other recent incidents demonstrate the threat of ransomware continues to be severe. ransomware can affect any organization in any sector of the economy. all organizations should urgently review our available resources and implement best practices to protect their networks from these types of threats. " you mentioned the white house, the briefing over here is ongoing right now, jen psaki as you can see left side of the screen is at the podium and she's been asked a slew of questions about this as the white house has already pointed the finger behind this attack to a malicious actor inside of russia the press secretary was asked how might the u.s. respond and she noted that there's a pretty big meeting two weeks from today

between president biden and russia's vladimir putin. listen. >> we do expect this to be one of the issues that the president will discuss with president putin at the summit that will be two weeks from today, if my calendar is correct, in my mind, and in terms of considerations, we're not taking any options off the table in terms of how we may respond, but of course there's an internal policy review process to consider that. we're in direct touch with the russians as well to convey our concerns. reporter: not taking any options off the table clearly something that's a focal point of that conversation, neil, in a couple weeks time. psaki was asked whether something you were talking about just a little while ago as well, whether or not the u.s. believes that vladimir putin, himself, can just stop this inside of russia. tell those entities stop it, no more, and this was part of her response. she said that russia, "has a role to play in stopping and preventing these attacks."

neil? neil: all right, we'll see how russia responds if at all, blake burman on all of that. want to go back to my buddy jeff flock because he's looking at this as you are looking at this forget about whose responsible, how widespread this is, how it's hitting now terminal, ship terminals that are in martha's vindicated yard and see seeing it right at the grocery stores and small businesses dealing with those dramatic up-ticks in prices and he's seeing a pricey er future for you trying to buy all of this stuff. jeff is in long grove, illinois. hey, jeff. reporter: hello, neil. outside now the chatter box restaurant in long grove, which is a chicago suburb, they have been struggling, this hack is the latest struggle for them. obviously, they had to deal with the pandemic, and putting tents up, buying the tents, buying the heaters, went through that whole problem. this is a restaurant also that invested in rv's they actually

rented rv's and i think we've got pictures from backing to the folks that run the restaurant. they put them, rv's out here so people could continue to do business, and now, this food inflation, and that's something that you'd think has to get passed along to consumers at some point but michael, you're not passing it on yet, are you? >> no, we're trying to hold our prices as much as we can. reporter: give me examples we talked about meat, obviously the food hack at jbs is just the latest thing. your supplier by the way says what? things are going to go through the roof? >> yeah it's just going to go crazy. reporter: it's not just meat though, right? >> right. reporter: we've got a list of some of the other things that inflation has hit. >> utensils, i have to-go containers, just in one month, went up over $30 a case. reporter: just of course that's huge these days. >> yeah. reporter: we asked for another example. curiously enough, cherries?

>> yes, cherries went up from $ 53 to $68 for four of these we buy them in four-packs. reporter: at what point do you say i've got to pass this on and what will your customers say? >> i mean it's coming. it has to. there's no way i can sustain this. today is our wing wednesday, and we do one pound of wings for $9. i mean, i'm losing money selling wings today, but you know, hoping maybe the price will come back down, i don't know. reporter: i don't know if i see that but there you go. you've been through the ringer, neil, as many restaurants have and it's just the latest thing like one thing after another. kind of crazy. neil? neil: yeah, no sooner you have one big issue then you're dealing with all of the other pricing issues you can't get out of the way. jeff, thank you very very much jeff flock on all of that. i want to bring jarod levy,

scott martin, kings view asset management, gentlemen, of course for this restaurant owner, you can, you know, pull of the academic descriptions you want. it's making his business a tougher business, and he really doesn't need that coming out of the pandemic, where he's heard enough finding labor and finding workers, now this. so i'm wondering, scott. i know a federal reserve district president in philadelphia is saying this run- up will be short lived but it's not short lived to this guy. >> no, and any short lived period doesn't feel good to the business owner. i mean, jeff talked about it with the fellow there about he's losing money on the wings today, hoping that they go down in price and the future. i mean that's a scary hope to hang your profits on, and that's something that concerns me, neil , about this great reopening that's out there. yes, global supply chains hopefully will get back on track , and therefore, some of that pricing pressure will alleviate, but the mom and pop,

the small business down the road that competes with the big business in your neighborhood, those guys and gals don't have the pricing power with their suppliers that some of the bigger companies have and so when you look at this reopening happening and say hey, this is going to be great and it's going to help everybody as the administration likes to say, it's probably going to help the big guys more than anything, because the small guys still have a lot of that pressure as the fellow said that talked to jeff about passing on those price increases that they're seeing from their suppliers. neil: you know, when you look at this , jarod and you want to step back and say let's hope things calm down, these ransomware spikes or whatever you want to call them, they can't go on forever of course we've seen enough incidents where we begin to wonder how true that is but even the run-up we've been seeing in a lot of these prices, pre all of these developments they were real. the surge in things like car and truck rentals and hair cuts, personal services, meals, et cetera.

that was in place long before any of these attacks and i'm just wondering if the federal reserve which seems to think it won't last very long, is wrong on that, it's going to compel them to respond to it, or risk falling behind the curve, right? so how does it play this? >> yeah, there's two pieces here, right? one my heart goes out to every small business owner in this country, because the key here is not just the price increases. it's the fact that we're traders , right? we talk about investing, buying, selling, remember these guys have run businesses, you don't go to your local burger joint and see the burger swinging up $ 0.10, they don't operate that way. when things get priced or major prices happen, they reprice, and they stay that way. we don't see a lot of ungulation , so the bottom line is these guys ratchet up and it stays that way at the consumer level and at their level if they stay hope so the thats one problem and this isn't a jbs issue and i'm

referencing the meatpacking company. this is a bigger, broader affect that's taking place around the world, i'm talking about inflation. it's going to continue, unfortunately, you've got a lot of money stashed away you've got a lot of folks. i can't get work done on my house, there's nobody available. people are paying two, three, four times for services to get them done. now, do you correct that with interest rates immediately? i mean, if it'll shock the marketplace but i don't know how a rise in interest rates or policy or even putin saying don't hack, hey guys don't nobody do any ransomware attacks how that's going to change things. this is a much longer, bigger arm that's swinging right now, and frankly, i don't think that even interest rate jump is going to correct it, so again, i don't think this inflation is short lived and i think it's something that's hear say. we're going to have to really adjust and it's going to take sometime. neil: yeah, whether you're worried about this returning to

70s i think is a bit much but still a trend that's firmly in place and on that point, scott, i'm wondering how the market deals with that? it seems to recognize that the back drop for this is strong demand, we're coming out of our homes, obviously bookings are very strong on airlines, one of the best travel weekends we've seen since before the pandemic, so the trend is the economy trend, i get that, but when does the market get or will it respond to this stubborn up-tick in prices that might continue for a while. >> it's when the sugar high runs out, neil, from that euphoric run-up of this great reopening that we've been anticipating. i mean i'm in ohio today and a neighbor moved as you've been talking about on the show all the mask mandates statewide so that provides that sugar high. the excitement for that run-up, that demand that you talk about to show up, but when we get there, and i think to jarod 's point when these price increases don't alleviate, then you kind of stand around and be

like well now what? now we need wage increases, we need increases in wealth and things like that to start paying for all of the increased costs that we've seen and that's when i think the markets need to really take heart to this. now what you will see though is in some of the bigger companies like the starbucks of the world, the netflix, some of the companies we own, neil, in our portfolios, you're going to see pricing power. companies like those can raise their prices a dollar or two and likely get the buy-in from consumers but those are a select few and so it basically shakes out, not to be sexist, from the boys to use that term, as to how some companies are going to be able to weather those price increases and the stock prices are not going to suffer versus others that can not. neil: all right, guys i want to thank you. we're going to have you back a little bit later but we are getting confirmation from the authority of massachusetts over what appears to be a ransomware attack, whether it has anything to do with the one on jbs, the big meatpacker we don't know but confirming quoting here, the martha's vindicated yard and nantucket authority was the target of a

ransomware attack early wednesday, june 2, that is today the authority continues to work internally as well with federal, state and local authorities to determine the extent of the attack. no impact on safety of vessel operation is at play, but if traveling with the authority today, cash is preferred for all transactions so if you are hopping a ferry, cash is king, no charge cards. the availability of credit card systems to process vehicle and passenger tickets as well as parking lot fees is limited. we'll have more, after this.

(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. if you have risk factors like heart disease, diabetes and raised triglycerides,... ...vascepa can give you something to celebrate. ♪ vascepa, when added to your statin,... ...is clinically proven to provide 25% lower risk from heart attack and stroke. vascepa is clearly different. first and only fda approved. celebrate less risk. even for those with family history. ♪ don't take vascepa if you are...

...or become allergic to icosapent ethyl or any inactive ingredient in vascepa. serious side effects may occur like heart rhythm problems and bleeding. heart rhythm problems may occur in more people... ...with persistent cardiovascular risk or who have had them in the past. tell your doctor if you experience an irregular heartbeat or other heart rhythm problems. possible side effects include muscle and joint pain. celebrate less risk. added cardio protection. talk to your doctor about adding protection with vascepa. it's not some magical number. and it's not something we just achieve at the end. it's a feeling... of freedom to live our lives the way we intended. though the ups... ...the downs ...all of it. this is financial security. and lincoln financial solutions will help you get there as you plan, protect and retire. this is lincoln financial.

with voltaren arthritis pain gel, protect and retire. 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. 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.

going to affect a limited amount of land in alaska and the arctic refuge and all of a sudden at a time when energy prices are ris ing, it comes at the damdest time. what do you think? >> yeah, the governor has a right to be mad and anyone in the private sector who deals with the government should be worried. i mean, these are not contracts that were entered with donald trump or with the former secretary of interior. these were made with the federal government and i don't know how this administration, because they don't like fossil fuels, thinks that they can cancel what

were legally assigned and are valid contracts. there's this nonsensical idea that we can get rid of fossil fuels and "go green" and i have nothing wrong with green technology or green energy but when are we going to admit that green energy is made from fossil fuels? they are manufactured in plants that run on fossil fuels and shipped, transported and installed using fossil fuels, so the silly idea that we can keep it in the ground and somehow transition to green energy is putting america's economy at risk, it's putting our national security at risk and clearly is going to cost lots of people their jobs and their livelihoods so it's the children are running the government right now, neil and it's! teamly frustrating. neil: and i don't know why they don't be all in on everything if you're partial to green energy that's fine, but go knee deep into all of these technologies and the fact is, it began with

this president scrapping the keystone pipeline, and then the order really to have greenhouse gas emissions by 2030 , of course rejoining the climate accord but not putting any burdens on china or india to participate or participate anytime soon, and the late financial risk to what is going on as far as environmental commitments on the part of businesses, on and on we go. i just wonder about the timing of it all. >> yeah well i think this administration is constantly going to be pushing the fossil fuel industry as hard as they can, because they have this green agenda and look, one of the benefits of fossil fuels, besides the fact that they're efficient, besides the fact that we have them in great abundance in america, they are thoroughly american, no matter how hard you try to send them to china or mexico they aren't going to be outsourced but they are incredibly inexpensive, and that is a benefit for them, a benefit anyone filling up their gas or

heating or cooling their home, right? but if you have to compete with that in the green energy space and the biden administration wants green energy to compete, they have to beat up their competition. they have to artificially raise the price of fossil fuels and they are doing that and how do you do that? you cut out the supply. these fracking bans, the moratorium on federal land leases, this an war keystone pipeline, these are all deliberate efforts to hurt the supply and drive up the price, hoping that maybe big oil will become so unpopular and people will hate it so much, they will be forced to push towards the green energy space. the markets don't want green energy, neil. only government mandates allow this to thrive in society. they are unviable technologies, but they need to get rid of fossil fuels to work and this is the biden administration doing their bidding. neil: and one of the things that does concern me is regardless of your views on fossil fuels or green energy or whatever, one of the things that's very very clear is these latest ransomware

attacks including the one that hit the colonial pipeline. the fact is though, that our reliance on a grid that always seems compromised could be particularly damaging when you think about utilities that could be shutdown and all of those electric vehicles powered up through utilities that be shutdown as well. then i'm beginning to wonder where we're exposing ourselves in a world that's moving away from traditional gas powered cars, and leaving itself vulnerable to everything going k aput kind of at the same time. >> yeah, and our enemies are really the ones that are going to benefit from this because as we make the gas prices more expensive, oil prices more expensive, unfortunately some of the other actors in the world with large oil reserves are not our best friends, are not great actors. it's russia, it's venezuela, it's iran, it's the saudis, so these are the other countries where we will have to buy our oil from because we're getting rid of the supply and in the meantime, these blue collar

jobs, the keystone pipeline workers, who i've brought on fox news before, that have america meet them, the folks who are going to the north slope in anwr where i've spent time and a lot of time in the state, joe biden keeps talking about blue collar, scranton joe, but again, these are the people who are losing their jobs and their livelihood, and we used to say, well just learn to code. that was considered a hate speech when you said it about journalists but we have no problem telling these blue collar workers who provide the very product that allows our economy to thrive. we have no problem putting them out of a job saying hey, buddy, sorry that's not my problem any more. it's horrifying what this administration does to rural blue collar energy workers without even losing a night of sleep over it. neil: daniel turner thank you very much. power of the future founder and ceo. we're monitoring all of that also monitoring the president of the united states is going to give us an update on the covid front what's happening there but no doubt when he does speak he

will probably be responding to some of the hacking and related incidents. separately, while this is a very big issue, in texas, a far- bigger issue right now, the growing escalation at the southern border and now it's turning into a lot of sad stories that are being relayed to us. we have the governor there, just declaring a disaster declaration right now at the border. i'd be curious, at this point, whether they've gotten any response from the white house on that disaster declaration. reporter: yeah, neil, that's a good question, and as far as we know, not yet and some folks here, some congressmen have told me they aren't expecting much either. they aren't very hopeful. you know, right now, we're expecting this bipartisan congressional delegation to take a tour of the border. big keyword is bipartisan and it includes senators corn an , cinema and representatives

cuellar and gonzalez and they will talk about their border solutions but likely will touch on this video that i've got to show you, it is heart wrenching neil, i don't know if you've heard the sound of this little boy reportedly he was abandoned near el paso, texas, by two smugglers and his extremes are just heart wrenching, and it was his extremes that helped border patrol agents find him in the middle of nowhere, and by the way, neil, this is happening all the time. border patrol found more than 17,000 unaccompanied children in april alone. it is tragic. they will also, the delegation will also likely touch on, as you mentioned, the governor's disaster declaration as drug trafficking in the state of texas, just sky rockets, and also, as the biden administration just killed the remain in mexico policy yesterday, texas representative michael cloud told me yesterday, you know, something has to happen quickly, at least before title 42 is lifted.

>> removing title 42 basically opening up the flood gates and takeaway one of the few remaining resources that they have to be able to deport and to process people who are coming here illegally. reporter: and neil, i've been talking to so many law enforcement sources here on the ground and they're telling me this disaster declaration is really a black eye on the department of homeland security, because now, the state is picking up the tab, doing really what they believe the federal government should be doing here, neil? neil: thank you very very much for that. following these developments in texas, again, normally when a governor declares or makes a disaster declaration, what gives it more umph is the president or the white house going along and providing the emergency funds necessary to get them through that, so far no response from the white house on that. we'll have more, after this.

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. we are thrilled we finally found our dream home in the mountains. the views are great, the air is fresh. (sfx: branches rustle) it is bear country though. hey boo-boo! we hit the jackpot! bear! bear! bear! look, corn on the cob! oohh chicken! don't mind if i do! they're hungry. t-bone! that's what i call a smorgasbord! at least geico makes bundling our home and car insurance easy. they do save us a ton of money. we'll take the cobbler to go! good idea, yogi. i'm smarter than the average bear! they're gone, dad! for bundling made easy, go to geico.com. they're gone, dad! time. it's relentless. we do everything but control it.

and when it's running out. we relentlessly try to protect it. because "all the time in the world" it's just a saying. 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 an 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. if you have hr+, her2- metastatic breast cancer. more time is possible. ask your doctor about verzenio. hi. verizon launched the first 5g network and now we want to be the first to give everyone the joy of 5g. by giving every customer a new 5g phone, on us. aha! old customers. new customers. families. businesses. in-laws. law firms. every customer. new 5g phones when you trade in your old ones. and if you're not a customer, we'll help cover the cost to switch. just ask wanda. she's been with us since ... [gasp]...now. upgrade your phone. upgrade your network.

neil: all right, what's that old if life gives you lemons make maybe lemonade all sorts of folks are finding creative ways around corporate real estate, commercial real estate, rents there and adjusting to the new world order lydia hu on how they're doing it at a certain manhattan restaurant, lydia? reporter: hey, neil, we are at the brooklyn dump link shop it's a really cool place that combines great food, with technology, and they deliver their dumplings through an auto matt, you take your receipt after you place the order, scan it when its ready and it will open your food in this door right here, so you don't have to have any contact with a human person. it was an idea that came from the owner, i'm sorry, thank you so much, but he came up with this brilliant idea before the pandemic, and it's really taken on a new meaning since

covid, but what's really great about this place is that you have this location in part because of what you saw during covid real estate prices. tell us what happened and how you expanded? >> the original footprint was 400 square feet and then when covid-19 hit we expanded to 980 square feet with just a couple of thousand dollars, which was about 80% below market and now all our franchises in the tri-state area which we have about 60 in development are all experiencing the same thing, from connecticut to new jersey franchises they are seeing deals 60% below market and plenty of t ia, which is tenant improvement allowance. reporter: i know you've been in the restaurant industry for three decades. have you ever seen an opportunity when it comes to commercial real estate particularly in manhattan like this one you doubled your footprint for a couple thousand more a month. >> this is the first time in my life and i've been doing business since i was 10 and 15 so let's go back 40 years i've never seen anything like this. reporter: you were saying hard times to be in business for so many people but the other side,

the silver lining maybe you could say is that there are actually a lot of great opportunities out there for entrepreneurs, recent graduates to take a little risk, we're ses and landlords are being more flexible and offer better deals when it comes to real estate, particularly in manhattan, we know that year-over-year commercial rent prices, they're down, neil, by 22%, so if you take a walk around the east village where we are or maybe on the upper west side some of the main retail corridors you might see really interesting places popping up, record stores , restaurants, take a stroll this might be the next wave of retail in manhattan, we'll have to wait and see but it's an optimistic sign here, neil. neil: very very clever, lidia, and so is that fellow next to you, genius way to continue moving forward in the middle of this. want to get reaction to all of this with jarod levy and scott martin. if you think about it, commercial rents are going to continue going down, i mean, i

guess they are anticipating a comeback in businesses as people return to those businesses, but this might be more the norm, what we just heard so jarod what do you think? >> yeah, so manhattan is kind of an unfortunate now fortunate microcasm. median rents in that city dropped to $2,700 in the first quarter of the year that's the lowest of all-time and you got to think about manhattan. it's unique. a lot of very small very expensive places a lot of things are vertical so for retailers not really sort of a great place to be. now i have to say there couldn't be reverse like the ones we just saw. the issue is how do we fill up all those big high rises that are being vacated by big companies moving elsewhere, where there's lower taxes and lower cost of workforce, et cetera so another interesting point, seattle just dethroned manhattan as the number one spot for farm investment so i'm not ready to buy in manhattan per se, but i will say that real estate, across the u.s. , is seeing commercial real estate is seeing

a huge change in evolution. they just dumped 3.4 billion in monmouth real estate investment group i believe they are a huge industrial operator so they service amazon, people like that so that's where the big money to be made in commercial real estate is going to be. manhattan, who knows, but interesting to see. neil: yeah, and you think about it too, scott, to jarod's point, i mean, when people do return to their offices, and a good man it will, they will be spread out a little bit. they aren't going to be packed like they had been before. we don't know all of the details but we do know enough that the demand for still more office space is going to be cool for a while. i'm just wondering how this plays out in cities like new york. >> well, i would add chicago to that list, my hometown, neil, which is suffering too. i mean we're looking at chicago ups rates near our office in downtown chicago less than 20% and with no end in sight frankly of people coming back or deciding to and so i think that's really interesting

takeaway. the other cities though, dallas, denver that have weathered some of the corporate real estate difficulty, much better and so those will probably bounce back faster but yeah, manhattan, san francisco, certainly chicago, you have the impact as jarod said from the vertical dirth of people coming back with respect to the corporate office buildings being empty and also the mom and pops or just the retail built around say that corporate infrastructure that's at risk now too, so really, i think it depends on where you go and kind of what sectors you're in, industrial real estate is an area we've done a lot of investing in because of the expansion from amazon & companies like that but corporate, in some of those long -themed leading cities of the united states, really looks to struggle here going forward. neil: would either of you look at real estate investment trust in this environment, some of them have been beaten down quickly, if i can, gentlemen, jarod to you. >> the answer is yeah, you got to be really careful here.

remember here is the key to investing in real estate. if you can't jackup your rents enough to meet inflation, there is no protective measure there. the good thing is theres a lot of preferential tax treatment but i like multi-family in some cities, but certainly i would stay away from high density areas like scott just mentioned the big metro areas be a place i'd avoid in general in terms of reit investment. neil: scott, how about you, reit , any interest in them? >> yeah, multi-family, neil in florida even some residential housing expansion going on outside of cities like nashville and denver as i mentioned they are doing very well through the pandemic and have a lot of growth ahead of them. neil: all right, gentlemen, i want to thank you both very much , jarod and scott on all of this. meanwhile, keeping track right now of how much the government should help folks out after the pandemic, in other words republicans talk about using some unspent covid funds but what about funds that have already been commended at funding funeral expenses for

covid-related deaths? what if they are not all covid- related deaths? after this. (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.

new pronamel mineral boost helps protect teeth against everyday acids. pronamel boosts enamel's natural absorption of calcium and phosphate - helping keep teeth strong, white and protected from sensitivity. new pronamel mineral boost

re-entering data that employees could enter themselves? that's why i get up in the morning! i have a secret method for remembering all my hr passwords. my boss doesn't remember approving my time off. let's just... find that email. the old way of doing business slows everyone down. with paycom, employees enter and manage their own hr data in one easy-to-use software. visit paycom.com for a free demo.

keeping your oysters business growing 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: taking watching the president of the united states referring to covid progress and vaccinations he might address these latest ransomware attacks including the ones on jbs, the big meat wholesaler, let's listen to the president. >> the average daily cases are down from 184,000 to 19,000. below 20,000 for the first time since march of 2020. average hospitalizations are down from 117,000 to 21,000. death rates are down over 85%, and this didn't just happen by

chance. we got to this moment because we took aggressive action from day one, with a whole of government response. we used every lever at our disposal to get this done. we experienced the production and expanded it in a significant way in life saving vaccines available for every single american. they're available and we knew that was the case months ago. we work with cities and states to create over 80,000 vaccination sites. we deployed over 9,000 federal staff, including 5,100 cabbies tvs duty troops to help get shots in arms and as a result we built a world class vaccination program. i promised you, we'd marshall a wartime effort to defeat this virus and that's just what we're doing, and now, tens of millions of americans have been vaccinated. they're able to return to closer

-to-normal life, fully vaccinated people are safely shr edding their masks and greeting one another with a smile. grandparents are hugging their grandkids again. small business owners are reopening storefronts and restaurants, because of the vaccination strategy. our economic strategy, we experienced the strongest economic recovery this country has seen in decades. there's a group called the organization of economic cooperation and development, oec d. it includes most of the world's largest economies in its membership. they've been one of those leading bodies analyzing economic growth across, around the world for 60 years. just this week, they increased their projection for the u.s. economic growth this year to 6.9%. that's the fastest pace in nearly four decades, and that's

because our vaccination program and our economic response which alone are adding three to 4 percentage points to our growth, driving stronger growth, not just this year, but in years to come. in fact, america is the only major country where global forecasters have actually increased their five-year forecast for economic growth since january of 2020, and because of that, america's headed into the summer dramatically different from last year's summer. a summer of freedom. a summer of joy. a summer of get-togethers and celebrations, and all-american summer that this country deserves after a long, long dark winter that we've all endured. what happens after the summer? the data could not be clear. for all the progress we're making as a country, if you're unvaccinated, you are still at risk of getting seriously ill or

dying, or spreading disease to others. especially when americans spend more time indoors again, closely -gathered in the fall, and as we face the potential threat of a new, more dangerous variance. even now, if you look at the areas of the country where vaccinated rates are the highest , the death rates are dramatically falling. the vaccines are effective. they're effective against the variants, currently circulating in the united states on the other hand, covid deaths are unchanged in many parts of our country that are lagging behind in vaccinations. for young people, who may think this doesn't affect you, listen up, please. this virus, even a mild case, can be with you for months. it will impact on your social life. it could have long term implications for your health that we don't even know about yet, or fully understand yet.

it's true, the young people are much less likely to die from covid but if you do not get vaccinated, you could get covid sooner or later, but you get covid still. a substantial percentage of people with covid, even young people, will suffer illnesses and some will have long term health impacts as a consequence, and if you're thinking that the side effects from the shot are worse than the covid, or that you can't just take a chance, you're just dead wrong. do it for yourself. do it to protect those more vulnerable than you, your friends, your family, your community. you know, some people have questions about how quickly the vaccines were developed. they say they were developed so quickly they can't be that good. well here is what you need to know. vaccines are developed over a decade of research, in similar viruses and they've gone through strict fda clinical trials. the bottom line is this.

i promise you, they are safe. they are safe. and even more importantly, they're extremely effective and if you're vaccinated, you are protected. if you are not vaccinated, you are not protected. places are high vaccination rates will also see fewer cases of covid moving forward. places with lower vaccination rates are going to see more. you know, we were elected to be president and vice president for all americans and i don't want to see the country that is already too divided become divided in a new way, between places where people live free from fear of covid and places where when the fall arrives and death and severe illnesses return. the vaccine is free. it's safe, and it's effective. getting the vaccine is not a partisan act. the science was done under democratic and republican administrations. matter of fact the first vaccine

s were authorized under a republican president in a widely -developed by a democratic president, deployed by a democratic president. all over the world, people are desperate to get a shot. every american can get at their neighborhood drug store at no cost with no wait. every american over 12 years of age, no matter where you live, what you believe, who you voted for , has the right to get vaccinated. it's your choice, so please, exercise your freedom. live without fear. we need to be one america, united, free from fear this fall now, how we keep beating this virus as we enter the fall after summer. on may 4, i asked americans to come together, to get 70% of adults with one shot by july 4,

70% at least with one shot. to date, 12 states have already reached this important milestone we expect more to make this milestone this week. nationally, we're at 63% of adults with one shot, and we're getting closer. we still have work to do. with 73% of americans over the age of 40, with one shot, and we especially need people under 40 to step up. over 40 is doing much better. that's why today, we're announcing a month-long effort to pull all the stops, all the stops, to free ourselves from this virus and get to 70% of adult americans vaccinated. i'm going to take everyone, it's going to take everyone, everyone , the federal government , the state government s, local, tribal and territorial governments, the private sector and most importantly the american people to get to the 70% mark, so we can declare our independence

from covid-19, and free ourselves from the grip it has held over our lives for the better part of a year. each of you has the power to help us gain this freedom as a nation. if you get a shot this week, you can be fully vaccinated by july 4, by the week of july 4. you can celebrate independence day free from fear or worry. this effort has five key parts. first, we're making it easier than ever to get vaccinated. 90% of you live within five miles of a vaccination site, the vaccinations are free and most places allow walk-up vaccinations, no appointment needed. you can go to vaccines.gov, or next your zip code to 438829 to get a textbook with the places you can get a shot that are

close by, and now we're going to make it even easier. in response to our call to action, businesses and organizations across the country have stepped up to help everyone get vaccinated. starting next week, many vaccination sites will be offer ing extended hours during the month of june including pharmacies that will be open 24 hours every friday night, for 24 hours they will be open, this month. if you're too busy at work or school, you can get vaccinated around the clock on any friday, any friday. for parents, who haven't been able to get the shot because they didn't have the child care, starting today, kinder care, learning care group, the bright horizons alongside with hundreds of local ymca locations, were going to offer free drop-in child care while the parents are getting vaccinated.

in addition, uber and lyft are both offering free rides to and from vaccination sites, vaccination centers. it's easier than ever to get vaccinated, so again, text 438829 to find out what the nearest places you can get vaccinated are from where your zip code, and visit pharmacies with extended hour and walk-up shots that are available. free child care, free rides, free shots. second, we're going to reduce our outreach and public education efforts. we're going to re-launch them in effect. we're going to launch a national vaccination tour to encourage people to take the shot. the vice president is going to lead that tour across the south and the midwest where we still have millions of people to vaccinate. she can be joined by the first lady and the second gentleman and cabinet secretaries along the way. in the spirit of meeting people

where they are, we'll also be working with the black coalition against covid, and other organizations that will launch a new initiative called "shots at the shop." barber shops, beauty shops, our hubs of activity information in black and brown communities in particular but in many communities across the nation, local barbers, stylists, they become key advocates for vaccinations in their communities, offering information to customers, book ing appointments for them, even using their own businesses as vaccination sites. we're going to work with shops across the country to make an even bigger impact over the next month. we'll also kick things off this weekend with a national canvassing weekend where thousands of volunteers will be out knocking on doors and encourage their communities to get vaccinated, and mayors, mayors will be stepping up even

more over the next month, and partnering with us on the city vaccination challenge to see which city can grow its vaccination rate the fastest, the most, by july 4. we need you to join these efforts. this is the kind of on the ground work that's going to get the job done. third. we'll be increasing our work with employers. a lot of working people are holding back because they're concerned about losing pay if they take time off to get a shot , or if they don't feel well the next day. i said before, for small and medium-size employers, if you give people paid time off, to get a shot, you'll get a tax credit to cover that cost. already, millions of workers across the country are eligible for paid time off and incentives from their employers. i'm asking all employers, do the

right thing. we're making it easy for employers to setup, on-the-job vaccination clinics, to make it even more convenient for the employees to get a shot. fourth, we're at a continuing to encourage people to get vaccinated with incentives and fun rewards. the state of ohio had a heck of a fun reward, a new millionaire last week, thanks to the creative idea of the governor for holding a vaccination/ vaccine lottery. the grocery store at kroger announced they are going to give away $1 million each week to someone who gets vaccinated at one of their pharmacies. the nba, nhl, nascar, nascar tracks are offering vaccines outside playoff games and at races. major league baseball will be offering free tickets to people who get vaccinated at the ballpark announced beer is on them on july the fourth.

that's right, get a shot, have a beer. free beer for everyone 21 years or over to celebrate the independence from the virus. fifth, and finally, we're asking the american people to help. we need you, we need you to get your friends, family, neighbors and coworkers vaccinated. help them find an appointment, drive them to the site. tell them why you made the choice for yourself. so many americans already stepped up to help get their communities vaccinated. over the next month we're going to need you more than ever. we need every american to commit to the five actions i mentioned this month. go to we can do this.hhs.gov. we can do this.hhs.gov to sign up to volunteer and learn more

about how you can help. take at least five actions to help in june, you might even be invited to visit us as the white house in july to celebrate independence together. i will close with this, we need everyone across the country to pull together, to get us over the finish line. i promise you we can do this. just look what we've already done, we've already accomplished together in only four months. we know it for a fact, americans can do anything when we do it together. so, please, do your part. give it your all through july the fourth. let's reach our 70% goal. let's go into the summer freer and safer. celebrate a truly historic independence day. thank you for listening. please get engaged. may god bless you all and may god protect our troops. thank you.

>> mr. president, will you retaliate against russia for the latest ransomware attack? >> we're looking closely at that issue. reporter: do you think putin is testing you? >> no. [reporters shouting questions] neil: all right. a quick question afterwards on the ransomware attack. right now that has taken jbs, one of the world's largest meat producers and sideline it for a good deal of time. 1/5 of the world's meat capacity was effectively wiped out. the president did not take the bait on a question whether vladmir putin was behind it or he was testing him almost all intelligence seems to point that russian entity was behind it, whether vladmir putin has control over it, the message from jen psaki earlier was that she hoped the administration hopes that putin could put a stop to it. all of this ahead of a summit, you know, between the two world

leaders and whether this is putin's way of testing and telegraphing more such attacks could be forthcoming. no way of knowing. we know from jbs is back on line. it thinks a lot of price disruptions will be short-lived. there is no way they can guarranty that. to my buddy charles payne, to take you through the next no doubt busy hour. hey, charles. charles: thank you, neil. i'm charles payne. this is "making money." breaking right now, amc keeps erupting higher. by the way the stock has plenty of company. the reddit revolution is alive and well. how they are changing the game and lessons for new investors. are growth stocks now value stocks? investing in new ways to treat mental health. i have the perfect guests for all of these topics. president biden may not be able to ramcalled infrastructure through after all. two blows to