tv Cavuto Coast to Coast FOX Business June 3, 2021 12:00pm-2:00pm EDT
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big tech taking it on the chin today. meme stocks exceptional volatility again. amc has gone from 70 to 42, to 52, to 45. still down 27% on the day. what a performance. real volatility again in those meme stocks. most of the cryptos though are on the upside. time's up for me, but neil, it's a yours. take it, sir. neil: you know i had no idea bananas had so much appeal. so much appeal. stuart: nor me. neil: there you go. thank you very much, stuart. we're following a lot of other developments. not the banana thing. i didn't realize. hopefully it is not a you know -- [inaudible]. all right. calm down. i'm don't. two hours to go through all of this. welcome, everybody. glad to have you. we're in the green. dow as stuart said we're getting hints out of washington maybe
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they're finding some common ground. interesting i wouldn't call concessions but at least return offers from the biden administration closer to republicans liking. they're still far apart, don't get the wrong idea. the idea there will be, could be a infrastructure package albeit a less pricey than earlier thought, that around trillion dollars, not exactly chump change, that seems to be a catalyst. wall street loves these spending plans regardless of paid for or not because of stimulus, right? blake burman at the white house. he is keeping of track of this far better than i. latest he is hearing. hey, blake. reporter: fox was told during that meeting yesterday at the white house between president biden, shelley moore capito republican from west virginia, leading the talks from the republican side, one of the concessions, president made, $75 billion of unspent covid relief money to pay for a infrastructure package. why is that important?
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the pay-for mechanism language, how are we going to pay for the thing that republicans put forth is using $700 billion in unspent covid relief money to pate for infrastructure initially the white house challenged that, saying look, about 95% of the money earmarked for covid relief was already outed door and accounted for, only 5% had been untouched at this point. so the president appears to at least be moving on this idea maybe there is money. maybe we can use some for a infrastructure package. keep in mind, neil,5 billion tohundred billion is a -- 75 billion to 700 billion is a pretty big gap. the white house warned yesterday, there are multiple paths that they are exploring which is kind of code for, if we can't get a deal maybe we'll move ahead with democrats alone and try to get the thing passed like they did with the american
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rescue plan. bottom line there was some movement in the meeting yesterday. the president and shelley moore capito, the senator are expected to talk again tomorrow. we will hear from the white house press second jen psaki later this hour. hope to have fresh perspective, fresh view from the white house where they view the talks at least as of this moment. neil? neil: i wouldn't have expected a lot of what you just reported anyway. so you never know, to your point. blake burman at the white house. the backdrop for this is a very, very rapidly firing up economy here. so that is sort of the wind at the president's back. you can argue the wind at republicans back too. they both can make the argument this will help but don't need as much help, as much stimulus, as much infrastructure spending. edward lawrence on the jobless claims and private jobs payroll data that has folks excited. hey, edward. reporter: neil, we're seeing a good number. this might be why the dow is reflecting. good number on initial jobless
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claims but you need to dig deeper into the numbers. let's look at them. initial jobless claims came in under expectations 385,000 as of last week. look at continuing jobless claims, people staying on unemployment longer, that number above 3.8 million for last week. that is the problem. small business owners, u.s. chamber of commerce, many economists saying the federal unemployment benefits paying people more to stay home. so 25 states identified the problem and are addressing it. announcing the end of those extra benefits. all 25 have republican governors. maryland the last to announce it yesterday. still the white house and president biden holding to the narrative it is workers safety that is holding people back from taking these jobs because of covid. governors in the other half of the states that are not acting on this as of yet in fact, four out of five the most generous states when it comes to paying unemployment benefits have not eliminated the federal add-on to
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$300 a week. look at the data, last data we have, massachusetts, hawaii, washington state, new jersey, pay an average of $488 per week and add on $300 a week of federal government money after that. montana is on the generous list but they did cancel the federal add-on. the goal for governors ending the add-on to get people back to work. with the announcements we may see some of that. adp came out yesterday or this morning saying 978,000 jobs were added to the private sector in may. that blew away instruments. as you know, neil, tomorrow is the big labor numbers. this could be a precursor to that. a lot of people will look to see what effect this extra add-on of federal benefits has. neil: edward lawrence thank you very much, my friend. to edward's point, that is the big granddaddy of numbers. 671,000 more jobs generated
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during the month of may versus remember that disappointing 266,000 job gain we saw in april. they are similarly expecting the unemployment rate to dip back under 6% to 5.9%. they have never been right on these things. i'm passing along the consensus. like me on weight loss goals, really leave it at that. congressman kevin brady texas republican, house ways and means committee ranking member. congressman what do you make of narrowing of ground between the white house and republican proposals on infrastructure and willing, the president's willing to come down in price, maybe in the trillion dollar figure that republicans largely have been in? >> yeah, neil, good to see you by the way. it is really encouraging. infrastructure has always been bipartisan. there is no reason both parties cannot work together and find true infrastructure spending. the key obviously to make sure it is real infrastructure, not
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wasteful spending or special interests spending. i think that is key, the other is, i think president biden's proposal poisons infrastructure with these crippling tax increases, you know, actually makes america a net loser in this, which is a shame because economic investment and infrastructure investment over the long term should help but we have become a net loser with those tax increases. i think it is really encouraging. i hope they continue in that direction. neil: we do know as well that republicans are eager to tap hundreds of billions of dollars of unspent covid dough. i don't know exactly how much is out there, congressman, you know better than i. apparently the president is open only to repurposing 75 billion of that. is that a deal breaker to you? >> you know, i'm hopeful the president continues to be open because a lot of this so-called emergency spending won't be spent for years and years.
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i think higher purpose could be now for infrastructure. i hope he remains a little more flexible in that direction. i think too we would like to talk about today as well is that the president keeps pushing for another multitrillion dollar emergency spending bill. democrats in congress are urging a fourth and fifth stimulus bill but ways and means staff today is unveiling a new analysis that shows we as a government have already approved already unprecedented help for families. a family of four with both parents out of work will have received over $109,000 in government checks through this september. the same family with maybe just parent out of work, $67,000 in government checks, just from stimulus, the child subsidies and unemployment. of course the family with no loss of income, making $125,000 a year, so really solid american family, will received over
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$26,000 in government checks from the, from washington. that is not counting a lot of other assistance. our point from this, all this is to say if we want to help families build their lives, and rebuild the u.s. economy for the long term, that it is time for emergency spending and endless government checks to end. we really need to focus on job opportunities for these folks. neil: but it sounds like with your family -- hoping to take some of that dough already earmarked, i know that is a bad word these days, in there, you know, benefit relief, and all the rest to incentivize people to get a job. more understanding that there is enough bipartisan support for that? >> i think there is bipartisan support for more paid family leave. the question is how do you do it? democrats proposing a one size fits all mandate on main street
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businesses putting the irs in charge of your time off. then more tax increases that would permanently lower paychecks. republicans just unveiled a new proposal here that goes a different direction. we expand the family paid leave tax credit in our tax reform, focus it on small businesses, help them lower their costs by allowing them to join together and we put really workers in their businesses in charge of their plans. part of that as you said is taking the $50 billion in child care money that hasn't been sent to the states yet. making sure there is flexibility so families can use it the way they need it, not washington. so we think this is a proposal that could draw bipartisan support. neil: you know, congressman, i talk with a number of democrats, fair and balanced on this show who say pretty much to a man or woman republicans stop attacks
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increases of any sort but yet open to user fees, toll fees, to pay for infrastructure, that sort of thing and that it does make it more difficult to cobble together a deal. this is what they say, if republicans were more open to some of these other taxes, not across the board all the way, income taxes but to something that would show the president you could go beyond user fees to pay for this and monies that have not been spent on individual covid relief and the like, are you personally open to that? >> i don't know why, especially as we're bowing our way out of pandemic there is any reason to increase taxes on main street businesses, on workers, on small businesses. certainly not in such a dramatic way. i think crippling way that we drive u.s. jobs overseas. that is, that is not how you pay for infrastructure. certainly not on the back of workers. we do think though, that
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repurposing funds, by the way, designing our tax code so that we draw more private capital into our infrastructure. america really lags the rest of the world doing that. let's have a conversation how user fees or some other approaches will work but bottom line is, no one is yet convinced us that raising taxes, killing jobs, sending them overseas is the right solution. neil: all right. well did work for bill clinton. he increased the top rate. he goes back said it worked then, it can work now. that aside, congressman, i did want to get your view joe biden trying to seek out those corporations that don't pay any taxes at all by paying a minimum tax, a minimum global tax. that would be about 15%. obviously this is a small pool of companies but it could raise a lot of money and be done in the name of fairness. are you open to that?
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>> so i don't think so. here's why. americorps has minimum tax cut. we put that in the jobs act. why so few businesses pay taxes. the reason biden administration is doing this, they conceded their 28% corporate rate will make america uncompetitive. we'll lose jobs to companies overseas. they're hoping other countries will go along with us in order to help us from sabotaging our own competitiveness. again, i think bottom line is, don't go that direction at all. there is nothing wrong with the 21% corporate rate t has made america the most competitive economy in the world. why would you undermine your own growth and then turn your tax policy over to our competitors, china, japan, europe, canada, mexico. why would we do that? it doesn't make sense.
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neil: congressman kevin brady, i will take that as a no, all right? very good seeing you, sir. >> that would be right. neil: ranking member kevin brady on all of that. let's get the read from the wall street types where they make all of this is going. luke lloyd, strategic wealth partners strategist. we have dan geltrude back with us, geltrude and company founder. luke, one of the things i do see going on in these infrastructure talks, and they might end up producing nothing, is the fact that the president is dialing back not only his spending plans a little bit but even his taxing plans. i'm wonder wondering if that is one of reasons i don't want to overinterpret ad vanses in a market, minute or hour. wall street is out of negative territory, at least the dow is, the notion this might not be as big of a taxing or spending plan as earlier feared. what do you think? >> neil, when i'm talking about
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the perspective clients the impact on their situation from biden's taxes. higher taxes are the biggest threat to the economy and job growth. the threat of higher taxes is always passed on to the consumer or employees. this is why the middle class is always the most impacted from tax increases. biden's tax plan may not impact you directly but everyone will feel the impact indirectly. people think because they don't make $400,000 a year they won't be impacted by higher taxes. taxes cause margin compression for businesses. margin compression means combination of less employees, less money for employees. higher prices for the consumer, bad scenarios for everyone. every policy change like this has a huge cause an effect. it is not just as simple i won't pay higher taxes. it is much more complicated than that. i think biden is ready to tax all the american people. neil: be that as it may, dan, if you're wall street and you were worried about much, much higher
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taxes and they are just higher, not. higher. just higher. i don't know that necessarily produces continued leg up in a bull market. but it could. what do you think? >> well it absolutely could especially when we're talking about the capital gains rate going up significantly, neil. eastern if that is dialed back a little bit, it seems that the biden administration is really intending on marching forward on that issue. for example, the proposal right now from the administration is to make the capital gains rate increase retroactive back to april. now talk about an unfair tax? now you're going to be taxing people on transactions in which they didn't actually know what the tax rate was going to be. so i think that the tax rate, even going up not as much as it could be will have an impact on
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wall street. it seems to me like the market is not necessarily sure whether biden will have the votes to get it just yet. when they realize that, the market will react. neil: all right. gentlemen, hang on there, i want to get into this in a little bit more detail later in the show. a couple of developments we're waiting for here in case you just tuned in, the outlines what the administration is willing to conceding, altering on this. be that as it may they're both on the same aggregate figure for infrastructure, roughly a trillion bucks. that is not trump change but not the 3 trillion the administration was looking at, nor is it the 600 billion the republicans are looking at. they appear to make progress on the headline number, the overall cost of this where they wildly and widely disagree is over how they pay for even that. we'll have more after this.
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♪. neil: all right. still a lot we don't know about the ransomware that you saw jbs, the big meat wholesaler have to pay to reopen its operations here but it was paying it to a russian entity called rebel. it that rings a bell. revel has been involved in number of very, very big and sweeping hacking attacks, could have affects similar attacks we got word on the mta, the ferry that handles trips to nantucket and martha's vineyard, colonial pipeline, on and on we go. hillary vaughn has been sort of looking at these connections particularly whether they were happening at russian blessing. in other words the russian government is fully aware. what are you learning, hillary? reporter: neil we do know that president biden will bring up this latest ransom wear attack
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with russian, based from russia to russia president putin when meets with him face-to-face. he does not think putin is testing him ahead of summit even though the hackers live in his country, responsible for two of the most recent massive cybersecurity attacks in the country, crippled supply in the last month with the colonial pipeline and jbs meat hack. ransomware attacks are expected to cost $6 trillion this we are according to a company. brandon wells is with dhs's cybersecurity and infrastructure security agency. he tells me every time a company pay as ransom, it i am bold ins attacks. -- emboldens hacks and that is why these attackers are going after bigger and more important company. >> the white house wants to raise pressure on other
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countries may have ransom greattores operating from their jurisdictions. it is challenging because many times these cyber criminals are operating from countries not doing enough to stop them. they're not cooperating with u.s. law law enforcement. reporter: purplesec hayes a new organization falls victim ran some attacks every 11 seconds. white house issued a letter to u.s. companies saying they have a critical responsibility to crack down on their cyberdefenses but the u.s. chamber of commerce chief of cyber says that the federal government has the responsibility to create a massive deterrent for these hackers. >> no company will be able to defend itself against a determined nation-state actor or a very sophisticated threat actor that is basically operating with a tacit or explicit consent of a nation-state. reporter: and neil, director wales told me ransom wear
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attacks are epidemic in the united states. that no company, no sector of the economy is immune from these neil? neil: hillary vaughn, thank you. go to clawed claudia rosette, independent women's forum, former moscow chief. beginning of fox news, you are one of the remarkable people over that course of time interviewed on u.n. abuses, nefarious types, very glad to have you, claudia. thank you very much. think a little bit on russia disavowing anything to do with these attacks, do you believe them? >> yeah. russia disavowing, it is ridiculous, neil. look, putin, vladmir putin has been the godfather of russia more than 20 years. the godfather does not allow
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freelance criminal ransom attacks from his turf without knowing what is going on, possibly even commissioning it. the idea that this is happening without, sort of out of putin's control is ridiculous and the dangerous thing about the u.s. pursuing, the administration pursuing that line it makes us look stupid, stupid or afraid. bad look. neil: let me ask you because he is making good on another threat, that is, given all the sanctions and global attacks we've had on russia for a number of actions, rather aggressive military actions, the threat of which certainly heightened in the ukraine area, russia will cut dollar holdings in its 119 billion-dollar wealth fund. the dollar is a multitrillion dollar currency market leader. only so much damage it can do, i get that, but wouldn't that hurt him more than it would hurt us?
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>> quite possibly, yes. and at the same time there are a number of things -- i don't think that is the biggest threat we face with russia but it would do a number of things. i imagine china is watching with interest. china on the financial front is the serious problem, threat. neil: right. >> and vladmir putin is willing to incur a certain amount of short-term damage in order to aggrandize his own power and reach and so forth. this is a game of chicken and we're blinking. we're blinking over and over again including president biden's plan to fly to geneva to speak to vladmir putin? that is again dignifies the godfather from whose turf these dangerous attacks are eminating. neil: so you don't think president biden should go to that summit? there is enough here to say it is just not happening? >> no, neil, look in the ideal dream world, he would stay here and revamp this horrendous
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budget. instead of bankrupting the u.s. on social welfare spending he would do the most important thing is beef up our military, one of the two parts of the budget that isn't getting more because these attacks, it's a good idea to defend against the, try to defend but the way you stop them is by deterring the governments that are allowing them from their turf. that is vital. and the best deterrent there is actually our armed forces. okay? it is not a direct, sort of at this time tit-for-tat on the cyberattacks. something says to vladmir putin you mess with us you will be very, very sorry and we're not doing that. that is what we should be doing. neil: no we're not. i was thinking as you were finishing that thought there, russia, china, seem to be cozying up and the world doesn't seem very keen on challenging either or both. i keep thinking of china and its refusal to help look into the origins of the, you know, the
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covid-19 pandemic. and the fact that russia is essentially supporting them in their efforts not to help. it is as if the world, you know this from your looking at the united nations is afraid to take on either but more than happy to take on us. that is kind of weird. >> we've become very soft target you know, you take us on, we apologize to you for things we've done wrong. look it, tony blinken in anchorage, he starts out telling truth about china but ends up apologizing for the united states. that is what keeps happening. and what we need here is something that says we're not afraid. we're going to stand up to these, these horrendous threats that are just upending everyone was hoping 25 years ago would be a golden 21st century. instead it is turning very dark. things like ransomware attacks, when the american, when the biden administration sort of stands back while companies pay ransom, of course that will get you more, right?
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and then says, well, maybe russia's government has a role to play. that was the phrase jen psaki in deterring these things. russia's government should be held responsible. if they don't know what is going on, that is unlikely, nothing about the way russia works would suggest to me that putin has no control or knowledge of how these things are taking place. he needs to be confronted with something that says, we're not just going to put on a couple more sanctions that you can get around with your aunt minnie's account offshore. we'll do things that really do say we have muscle, we will stand up to you. i go back to the u.s. military. we need, you were talking about russia, china, cooperating, more and more quite true. we need to be able to deal in those two major theaters, russia, europe and china is the asia-pacific. that's a big reach we need. you don't get it with designer suits and hollywood budgets
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stagnant, really the most important thing we could be funding in this dangerous new century is our military. neil: thank you very much, claudia rosette. to claudia's a little over 1%. non-defense spending is increased north of 16%. stay with us. you're watching fox business. [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”]
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♪. neil: all right. there is a massive bitcoin conference going on as we speak in miami. it is going to last through the weekend i believe. bitcoin having a bit of a comeback today. it might have gotten the push by of all people the norway finance minister who see as breakthrough coming even though he himself is not a fan. quick to say cryptocurrencies is not a market i recommend consumers enter but here is the thing that he had to say about this, he finds a lot of the
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developments, notwithstanding the push and pull on this, to be a sign that we have to see it as a force for what it is and that so do a number of republicans on capitol hill including a arkansas republican congressman french hill, who is cosponsoring a bill that calls on the u.s. to push its own digital currency to counter china's digital currency. anyway, it is heightening interest in all of this. we want to explore that with luke lloyd, dan getter back with us. like, depending on the day, people of that financial heft, a finance minister from a major western nation i would think would count, it bears attention and he is not necessarily a fan. just recognizing that it might be too late to kill it. where are you on this? >> yeah. bitcoin, it is speculative asset. anybody that tells you any different is lying to your face. i tell my clients you should own
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an amount where it went to zero you wouldn't lose any sleep. i don't think it is going to zero but you can't throw all of your money into it. volatility isn't going away anytime soon. as time goes on the issue of volatility for bitcoin will fix itself if bitcoin becomes what it is supposed to as more money and players get involved with bitcoin the market cap will rise. as volatility rises market cap will shrink. amazon and are not volatile and high-tech growth companies. apple and amazon are considered safe to less established companies. the same thing will happen with bitcoin overtime. bitcoin will be considered safe while small coins you never heard of remain volatile and risky. i think it is too far involved to get. i think there did too much money poured into this. if you wipe out bitcoin, coinbase, all the derivatives
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off bitcoin around cryptocurrency you wipe out trillions of dollars and i don't think the government is ready to do that. neil: especially if this arkansas congressman is on to something, dan. he is saying look, if other countries are pursuing this, namely china and we turn our backs on it, i'm paraphrasing, that's on us, it is not on anyone else. we're the ones out, not the others. what do you make of that? >> i think he is right. i don't think that we can allow china to get ahead of us in the cryptocurrency race but let me also say this about bitcoin and a lot of the other cryptos, neil. it is the technology behind it, right? it is the blockchain technology where there is value. what bothers me most about cryptocurrencies in general, it seems to be celebrity endorsement driven. so when you have somebody with celebrity status starts to give
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credibility to something like dogecoin, and that starts to rise based on that when you really don't have a lot of substance behind it, well that to me is when is it rally gets, you got to be concerned about that as an investor but i do agree with the concept to say, if you're going to be investing in crypto currencies such as bitcoin, you have to be prepared for it to go to zero. i agree it probably won't. i think it is here to stay but i think it will be a very rocky road for a very long time and you got to have the sea legs to stay on board with this. neil: gentlemen, thank you all very, very much. when we come back, the 12 year itch. what is it about leaders, whether states or countries, that have 12 years they might be pushing their, well, their shelf life? we saw it with mario cuomo with new york as governor after 12 years. enough already.
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fauci proposing they work together to eliminate the virus. fauci replies we'll get through this together. doctors are responding that his relationship was too close to chinese officials at a time many in the u.s. government were trying to learn more from china about the evolving pandemic from the country where it all began? >> that is nonsense. i don't even see how they get that from this email. that email was sent to me from them. i have always said, and will say today to you, john, that i still believe the most likely origin is from an animal species to a human. reporter: fauci says he also says we don't know for sure if the virus certainly jumped from animals to humans and we have to keep an open mind about the possibility of a lab leak. the united states is calling for another investigation in china to figure out how this pandemic began, and whether it accidentally leaked from the wuhan institute of virology. china refuses to allow another investigation there. the former secretary of state says china's government has been
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stonewalling since the start of this pandemic. >> so i've seen some of the emails. what really matters here is when it mattered most, when chinese were covering this up in early january of 2020, dr. fauci certainly would have seen the same intelligence that i saw. we would certainly have known that the risk that this came from the laboratory was real. reporter: some republicans are calling on anthony fauci to reappear on capitol hill to testify about all of this. neil, back to you. neil: all right. rich edson, thank you very, very much for that. in the meantime here following a number of early developments particularly in israel, history is on the verge of being made, the country's longest serving prime minister could be out. the opposition parties have cobbled together to form something they think will mean that after 12 years, bebe has to say bye-bye. mike tobin with more in jerusalem. mike, where does this stand? reporter: well the opponents of benjamin netanyahu have cobbled together a majority with the
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thinnest of margins. by the book they have what they need, neil, to topple israel's longest serving prime minister and move forward with what they're calling the government for change. the visuals generated last night were unlikely and historic. you had a centrist politician, right-wing nationalist and first time ever the chairman of an arab party all coming together to strike the deal can can unseat benjamin netanyahu. the coalition is collection of small parties from across the political spectrum. all they have in common other than, all they have in common is their disdain for netanyahu. the majority keep in mind is one vote. the new government has to be presented to the knesset, ratify with a vote. netanyahu made it clear he will fight to the end. >> even if they manage to form a new government it will be very fragile. if they don't, it's a whole new ballgame. netanyahu will still try to form
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a government. we might ourselves again in a new round of elections. so israel is still in a political chaos. reporter: reaction is as diverse as the makeup of coalition. in tel aviv liberal israels let's go bebe leave. bebe is the nickname for netanyahu. in the suburbs netanyahu supporters say the new government is a fraud. israeli arabs are hopeful they have a seat at table with bargaining power because the new coalition cannot hold the majority without arab party. bennett the man designated to the first prime minister is unsympathetic to arab concerns and oppose as palestinian state. the agreement to involve the coalition share prime minister prime minister's office. and then lapid two years later. neil: mike tobin. thank you very much for that. you heard all the incentives around states and cities are offering to say nothing ever companies for you to go get your vaccination shot but
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anheuser-busch is saying if it doesn't work out and you don't win the million dollar lottery in ohio, how about a free beer? how about after this? ♪. ng 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.
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♪. neil: all right. how about a beer? if you go ahead and get your vaccination shot. that is essentially the position that anheuser-busch is taking to encourage more americans not only to meet vaccination goals but keep themselves protected. caesar vargas the anheuser-busch chief external affairs officer, good to have you with us, sir. can you explain how this works? >> yeah, sure, it is pretty simple, neil. when we reach this goal of getting 70% of americans vaccinated we're going to unlock the biggest beer giveaway in our history and we're going to buy america a round of beer. so it is going to be very simple. when we reach that 70% goal that has been laid out by the white house, we're going to ask people to visit a website, up load a picture of themselves grabbing a beer with their family, friends, out at a bar, restaurant or at home, in exchange we'll give them a coupon for a free round ever
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beer on us. neil: a free round ever beer. not like case after case of beer? so i understand where you're come? pro. >> no, one free round. trust me, neil, that is a lot of beer. we're talking about all of america here. so i hope that is going to work for people. neil: all right. so i'm going to keep saying, caesar, in my own tacky way, what if i claim i got 50 buddies, they just haven't come in yet to take advantage of this, are you going to check how big that round is, how many people are there that i'm supposedly sharing this beer with? >> neil, you know, this is, we're in uncharted territory. this is the biggest beer giveaway we have ever done. we have a lot of people working how we make sure we do this right way and we get beer to everybody without people gaming the system. but we'll be working out all of that over the next few weeks. but the goal here really is to
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build some excitement and get people, that have not been vaccinated to think about getting that vaccination over the next 30 days or so. it is one part of how we have been supporting and accelerating our recovery, neil. we've also announced that we're investing a billion dollars in our facilities across the u.s. but we know that job creation and driving economic prosperity will be a critical part of our recovery. we've also spent millions of dollars supporting the bar and restaurant and overall hospitality sector as they get back on their feet. they have been so impacted by this pandemic. and then lastly, you know, using our unique capabilities and the power of our brands to encourage our consumers to come back and do it safely and responsibly. neil: so just so i understand, the trigger point would be, if the u.s. meets its vaccination goal by july 4th. not a matter of me walking into a facility i've been vaccinated?
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that alone won't do it, we have to meet our national goal, right? >> that's right. we want this to be all of us working together. so it is not been a individual getting vaccinated and being rewarded for that. it is about our collective effort to get back on our feet as a country. so regardless whether or not you've already been vaccinated or not, we're buying a round for everybody when we reach this 70% target. neil: yeah. i find it offensive people would gain the system. i will tell my 100 friends they really shouldn't do that. thank you very much. what a nice idea. caesar vargas has a good sense of humor apparently. anheuser-busch chief external affairs office. as we get back to work and have a beer to celebrate all of that. ♪. proven to help you live significantly longer when taken with fulvestrant.
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neil: all right, after the ransomware it seems like a ransom for a lot of meat, poultry and other related products here, as a result we're still getting some early meat supplies that are tightening throughout the country as a result of the jbs cyberattack, or maybe it's an excuse for the up-tick in prices we've seen, hard to tell sometimes, jeff flock is following all of this in wheaton, illinois where those price affects are being felt as are the tight supplies.
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jeff? reporter: you said it, neil. wheaton meat company, an old fashion butcher shop, just has been told as well as we have been told that jbs says they are going to have everything backup and running today. i know you like to eat, by the way. how about some fillet mignon or rib roast, but that fillet by the way, $34.95 a pound that will cost you and these increases that we're seeing now, this is not as a result of the hack, right? >> no, not yet. that could definitely contribute to the situation, but currently, this is a result of many things from feed going up, increase in indiana demand and probably mostly supply chain problems. reporter: yeah, if we look at the numbers, beef and pork, big increase since last year, but you're seeing them like almost weekly, right? >> oh, gosh, yeah, i mean weekly, it's just astronomical. it's nothing we've ever seen
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before. everything as we're approaching doubling prices in the last six months. reporter: is there a point at which, is there a breaking point in terms of consumers, just, you know, you've done a nice business in here, but at some point, does it get too crazy? too high of price? >> yeah, gosh, i sure hope not. i mean, that be very bad for us, but there's got to be, right? so i mean, people maybe having pot roast in the middle of summer, i don't know but if you can't find a steak. reporter: different cuts of meat , got you. there you go, neil. i'll leave you with perhaps something that'll water your mouth as you see folks, you know , at this point, still willing to pay the price, but will that continue? we'll see. sir? neil: so even with this at least now, jeff, they're paying it, right? i don't know what the feeling is reporter: yes, they have the money at this point. you said it. absolutely. yeah. so the money is out there at the moment.
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neil: got it. too bad i'm really not too the whole food thing, jeff, but thank you. reporter: you're not a meater at all. neil: no, no, no, jeff, thank you very much. jeff flock in illinois on all of that. those rising meat prices are taking a toll on some businesses though, and that would probably be an understatement. lewinski runs montreal deli, the co-owner and the founder, it closed temporarily, because of these rising meat prices, alexis with us right now are you open now? >> i'm open just for you, neil. you need somebody, i'll come hook you up with a sandwich because word on the street is neil likes to eat, so when this all gets done you come in and i'll buy you and the crew a sandwich but just go easy on me, buddy because the margins are thin in the restaurant. neil: [laughter] believe me you will go broke with me, but you know, do customers baulk at a certain point where they say no, no, this is a little too high for my
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taste? >> well for us, my mother's jewish, my father's catholic, i already carry a lot of guilt in my life as it is. neil: [laughter] >> so i don't know if customers are going to. it's a damn good sandwich, neil, but i would not feel good with all of that catholic and jewish deal, the double whammy charging 25 or $30 for a sandwich something we try to do here is we're bringing that real authentic deli taste to the bay area. we also sell in-stores, we have wholesale side of the business so for us it's less about getting to that point, where you ale yet ate customers and it's already a $16 sandwich and i know for a man like you, you know, that's a drop in the bucket. but for simple canadian kid like me, that's still a lot of money, so we are trying to not get to that point where we're alienat ing customers. we're in a very flexible situation. we stayed open throughout the whole pandemic, we're one of the first restaurants to go to a market model where i was taking a three pound bag of bread yeast and putting them into little one
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graham bags so we've been lucky to survive through the pandemic and now we're in a position because of the lease that we currently have because i had a feeling things might still be funky even when the vaccine came out that we can go ahead and again it's not like canadians to hibernate during the summer. you've been to montreal and had your shares of fun times, we like to party in the summer but for us at this point it makes a little more sense just to pump the brakes. neil: i am curious, how did you get through the pandemic, long before these price hikes of meat and all of the commodities that go with it, people forget, virtually everything, popular restaurant offers. i mean, all of the prices have gone up, but through the pandemic, you were not shutdown, so what did you do? >> so, you know, i didn't go to st. bonaventure like you and you used to work in the restaurant industry doing fish and chips so you know the brutal hard work that is but you just adapted. i've learned a lot over the last couple years i'm just a knuckle head meat slayer i didn't get an
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advanced degree but what we started seeing was the restaurant supply chain and the consumer supply chain are very different, so when all these restaurants shutdown, all these restaurant distributors had a ton of products, now they weren't the nice six pack of toilet paper they were a big box of individually wrapped toilet paper, they were the three pound bags of yeast, so, we started to setup, we had a good curbside service where we're able to use text message ordering for contact less delivery and we were able to bring people in who wanted to bake bread and couldn't find yeast so they come in and find the one graham bag of yeast and they say oh, my god but look at that montreal pastra mi briskett, so we were able to adapt, pivot and adjust and take advantage and use what we had which again i've learned so much about the supply chain, neil, it's unbelievable but understanding there's plenty of supply, it just comes from different places and goes different ways and it's packaged differently so we tried to take advantage of that to stay open,
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a lot of curbside service, you know, i could get milk when milk was hard to get. i could get eggs when eggs were hard to get at the supermarket so we took advantage of that and tried to stay open and also provide a little bit of a service to the community because in reality, folks are really struggling, you're waiting in line for two or three hours, people are scared because it was the pandemic, didn't know what was going on so we're able to do a little bit of a community service, and also, keep our brand alive, keep promoting what we're doing. again we're lucky we have a wholesale, we wholesale our products so it's made in the us da cold pack facility so you're getting these big, nice slabs of montreal briskett, so we have a revenue stream that we count on while things are kind of, while we're on hibernation so you get it at your local stores here, in northern california, we're starting to expand that side of the business , so just having a little foresight and thought and being nimble and adjusting to what was going on is how we're able to survive. neil: good for you.
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lex, what you were holding up was actually one of my sandwiches, that whole thing. thank you very much. >> you eat the whole thing we'll put your picture on the wall, neil. and again you know what i have one more thing, for us this is not a labor-related issue. this is a supply chain issue. i've learned about how it's centralized the supply chain is. we have a big, huge gear now as opposed to a lot of little gears when there was a slaughterhouse in every region, it's a big gear so i want folks to remember it is not the end of the world but it takes longer for that big old gear to get grinding and i have full confidence we'll be out there. also if you're going out support local small restaurants and have to hibernate during the whole pandemic. you're not going to get exactly what you want. your servers are working their butts off so somebody doesn't give you the biggest smile or greet you the way, don't go on yelp and give them a bad review. let's work together, we can get through this , we're americans, so we'll be all right and back and rocking and rolling and yeah, i hope to see you down here and we'll just cut up a whole briskett and have a couple
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beers, appreciate you, neil. neil: [laughter] you've got a great attitude and a great sense of humor, often at my expense and i admire that and you. keep at it, your destination and people know that, so keep up the good fight, lex lewinski, montreal deli co-owner and founder still putting up a good fight, god bless him let's go to the congressman arizona republican, i was going to talk to him and i will talk to you, congressman, about what's happening on the bitcoin front and you're dealing with that, but -- >> neil, all of a sudden i'm really really hungry. neil: i hear you. you know, this is something that's coming back, right, congressman, a lot of people are trying to come back, get back to business and then they are dealing with this sudden soaring food cost issue. it's a big deal. >> it is, but one little side recommendation, if this gig doesn't work for you, neil, i want to see you have a food show neil: i would happily do a food
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show. and you worry that all of this spending, congressman, i feel like veer a little bit, if you don't mind, sir, the spending is contributing to some of the inflation rise that we've been seeing, not some of this localized meat is a separate issue with jbs, i get that but it had been going on prior as well. are you worried about inflation? >> yeah, i'm absolutely worried about it and one of the things like our joint economic committee we're trying to track and say as the federal reserve likes to tell us that this is transitory. this is only going to be 90 days or so, but you also start to look at some of the longer term commodities and how much they go up when you start to see prices of copper and other things that have much longer supply chain times, and you have to worry. there's some really smart economists who are now predicting fourth quarter is going to be dramatically higher
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than the federal reserve is predicting, which, as you know, it just crushed particularly working men and women and particularly the working poor in this country. neil: you know, separately, you are the blockchain caucus co- chair of bitcoin and all of these digital currencies are getting a great deal of attention, a couple of your colleagues are saying that we can't ignore the threat that china poses offering its own digital currency or digitized version of it. i'm just wondering where you stand on that, and whether bitcoin and all these other technologies, where they're going here, particularly in the united states. >> well, first off, in regards to china having a cryptocurrency , it actually in many ways will be a government currency so it's not going to have the same sort of utility, something like a bitcoin would
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have, and i think there actually maybe some misunderstanding of how distributors ultimate works when you have some of the press from the white house today, we need to go look into cryptocurrency. it's fine to look at how you take cash and convert it in or how you clear it on the other side, but my encouragement to the white house in regards to these extortion attempts out there is it maybe time to un leash our nsa and many of the resources we have to track, but also to break the codes, because we know there's some institutes out there that have become very good at breaking ransomware code. neil: you know, some have add could vita cocoed if they're going to hack us we should hack them and if they are going to ransomware us, we should ransomware them and if they are going to shutdown our systems we should shutdown their systems. what do you make of that tit-for-tat argument? >> there is something to that.
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whether you like it or not, this is the modern version of sort of a cold war, but is it done by state actors or state c omplicity? is this a distributed model where you may have coders and extortionists in multiple parts office archdiocese of the world, multiple regions that come together for a particular hack and then breakup and then come together? so the models actually, you really need to think it through and we need dramatically more information on who these players are and are they state-sponsored neil: congressman schweickert, thank you very much very good catching up with you keep us posted on the progress and particularly bitcoin and all of the digital currencies. we're keeping an eye on that too , and these ongoing back and forth infrastructure talks which the president is now saying he's optimistic that he can close the gap with republicans on
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>> i played a video that kind of took me back that was about segregation, and in the video it said "whites only" and after the video, my daughter came to me and said dad, why wasn't the white kid able to play with the black kid, and, you know, before that, i hadn't discussed segregation with my daughter, i didn't think she was ready for jim crow and things like that yet, so i had to speak with
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her after that. neil: all right, that got enormous response here, and it cuts across all races that are we taking this race thing a little too far, and imperilling our kid's education in the process, trying to do good but creating a whole lot of bad, to mike emmanuel in virginia, where the push is on to battle back against those very plans. michael? reporter: well, neil, good afternoon. top leadership of the lowden county school district says the emphasis here in terms of education is on incisiveness. >> critical race theory is not something that is relatable on the k-12 level. it's not something that is taught in our school, or presented to our students. reporter: but some lowden parents say they may not call it critical race
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theory, but it is changed to focus on race, gender identity and sexual orientation and one father told us he's concerned about the impact of this racial focus on students here. >> if i'm an african american young male, these things have been done to my ancestors and to me, and it's here to stay. it's ingrained in the fiber of our country, and that part means that it can't be done away with, which is an excuse for failure, and it's a very dangerous ideology. reporter: this comes as the low den county jim teacher, tanner cross, was suspended with pay last friday after publicly expressing his concerns due to his religious beliefs at a community town hall meeting on proposed transgender policies, some parents say they are alarmed by that too. >> i think that it's terrible right now that we have teachers that are willing to come forward and tell what they see in the school system, and what they feel and now, they don't have that right to free speech,
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there's retaliation written all over it and i think that it's the means to silence them. reporter: a number of parents i've spoken within this community say they are shocked by the shift to the left of the school system is taking, and they say they are planning to fight it. neil? neil: all right, mike emmanuel thank you very much. see if you have any doubt that average folks can't stop something of that, picks up its own steam, you might want to look to jack brewer, the former nfl great, jack brewer foundation ceo who was challeng ing the nfl on its race- norming. in other words the concussion incidents that is disproportionately affecting black players with lower cognitive function and the argument was in the beginning we can't trace that the same way so disproportionately they aren't going to benefit from any rewards or financial rewards that come out of this and anyway , jack knows this issue far better than i but he made a
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big stink of it and the nfl is reversing that position halting race norming and he had a lot to do with it. jack, good to see you. what did they reverse? they were arguing what? that minority players tend to have a disproportion all effect on this cognitive issue and then they had to say wait a minute, that would affect payoutings right? >> basically, but it's a little bit deeper than that. you know, when you look at race norming you'd assume this practice would have been done away with 30-40 years ago neil, but to go into it and assume that my cognitive ability as a black man is lower than my white peers or any other race, is absolutely ridiculous because at the end of the day, it's about money, and so this concussion lawsuit, a number of black players who have had serious concussions and have neurological issues now, you're saying that they don't have as severe issues because they
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started off being not intelligence committee human beings. i mean it's really disgusting when you think about that, that an institution as large as the nfl, and the medical community in general still uses these type of practices. i'm not one to sit here and talk about race baiting and the dividing between race, but these are the systematic issues that we need to put our attention on not all of these, you know, critical race theories and all of these things that you're indoctrinating in our kids but we need to get to the core systems like race norming, that really need to be ended because this nation is better than that. neil: you know what's interesting about it? it assumed that it worked under the race-norming sort of system, that black players start out with a lower cognitive function ing and the way i heard it explained is the practice made it harder for black players to show a deficit and qualify an
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award so something that was racist in nature was actually doing, you know, double damage to minority players who might be due of treatment, recognition for what they've been through but it was slopped over because they presumably started from a lower level which itself is nonsensical. >> it is. neil, i had my master's degree before i went to the national football league. i see myself as someone that's been blessed with the intelligent level of anyone no matter what the their skin color is so i'm part of this lawsuit and i had very serious concussions and numerous injuries in the national football league so to tell me that i'm going to start and my basis is lower than anyone else is absolutely ridiculous and, you know, i just really feel sorry for so many of the players now that are in need financially and are not at full capacity when it comes to their mental state. you know, they're hurting.
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we have homeless nfl players. we have nfl players that have lost everything who are living in constant pain, constant headaches, very sensitive to light. all of these issues happen to anyone that goes through traumatic head injuries and so for them to use this basis it's really criminal, and you're talking about over $1 billion in resources that are supposed to go to these players and they've been using this system to basically keep the money in their coffers. the nfl is better than that. the owners, the 32 owners of the national football league are better than that. they need to come out with a real hard apology. this is the same league that, you know, will come and support black lives matter and these type of organizations that are breaking down the traditional family but they won't look within their own system and fix these racial injustices. i'm standing against that. i don't want a penny from the national football league. i take every dime that i get from them and i give it right to the communities in which we need to serve.
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i don't want a dime for this. i just want to stand up for my brothers who have been done wrong. america is better than this. neil: i didn't even know this was going on, jack, but i did read a story where they quoted the former washington running back who said now, words are cheap. let's see what they do, referring to the nfl. what do you think they should do , the nfl? >> i think they should go back. i think first off, they should take the lead on this. in any other system that exists out there in america, that uses a race-norming, as their typical protocol, i think the nfl should take a lead in getting rid of that, and i think they should go out and reevaluate how they disburse this $1 billion that they owe to players. these players have been injured and their lives have been changed, some have even killed themselves and died, and we lost so many because of cognitive injuries. this is not a joke. this is affecting real families
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that don't deserve this and so the nfl really needs to lead on this issue and show the world that they can change. i'm a man of god. i believe in repentence so i don't want to sit here and say the nfl can't right this wrong, we all can but this is the time for them to do it. no more talk. let's be about the action. neil: jack, while i have you here, they apparently want to revive the united states football league. when i first heard about this i thought it was stupid until someone said neil, fox sports wants to revive the united states football league, so now, i find it to be a brilliant idea , but i just want to get your thoughts on that. they tried this before. will it have anymore success now , what do you think? >> i think it could. demographics have changed now, because you can stream, i think, with the way that people can take on could be tent content now, it gives you opportunities to be more profitable and from a business perspective, you can bring on more marketing dollars and make the game entertaining why not do it especially if fox
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is behind it, neil, i suggest that they look at you for a general manager position and i'll come on and be the head coach of the team. neil: yeah, i think you're the brains of that operation, my man. jack brewer, one of the greatest football players ever and also a decent human being. think about what he saw and wanted to put his name behind ending something that was blatantly racist, address it, and help players out. that takes a lot of influence, and a lot of cache and a lot of power. he has all of that and then some in the meantime just want to draw your attention to florida where we're waiting for spacex to launch another supply mission to the international space station. we're told, among all of the goodies and items and foods going up there, they are going to launch glow in the dark maybe squid to the iss. now a lot of people are saying why? america, i respond, why not?
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neil: all right, we go to commercial break the spacex rocket sending supplies up to the international space station, it's already in space, for god's sake just a couple minutes ago it took off. i don't know, the shots are so stellar, with no pun intended but i mean, the crisp images you're getting and this thing is right now technically in space, it's sending a whole bunch of goodies to the space station. this will be earlier liftoff here, among many of the items food, packages, good ies for the astronauts coming and going on that thing, these glow in the dark baby squid to the international space station. i don't know their value. i can't imagine they would eat squid, right? it's probably just to look at
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them, because they glow in the dark. we'll keep you posted on that also keeping you posted on some other developments. we're going back to where its been more than 30 years since we were visiting our nearest planet ary neighbor depending upon the orbit around the sun but venus is pretty close but we've been favoring missions to mars of late and that, despite the fact that maybe, maybe, venus once harbored life. there's no way of knowing. we know they are going to study geology and what they call a runaway greenhouse effect that can show what happens on this planet if it gets out of control and there is the thought beneath all those clouds and gasses could be oceans, or that they're boiling over, if they are still there at all, because of that runaway greenhouse effect so it has a lot of potential benefits for us to see two missions launched within the next few years, right up to 2029, tom jones, world famous
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astronaut, joins us on the phone right now on this , so tom, now venus. what do you think? >> neil, it's great that we're going to have a chance to go back to venus. its been since 1989, since we launched the probe to venus, the orbit has been investigated on the space shuttle and the last time anybody landed on venus was back in 1985, so venus is a twin to earth, a little bit smaller, about three-quarters of the distance out from the sun as we are, so its got high temperatures and we don't know whether venus has plate tectonics like the earth experiences to drive its geological path but there are a lot of unanswered questions and it's time that we began that investigation again. neil: all right, when we were last there, i think the russians , didn't they have a vehicle that crashed on the ven etian surface? i don't recall but what did we conclude at the time? >> yeah, the russians had a
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series of them and made it to the surface but the question is 92 times the surface pressure is about 880 degrees fahrenheit on the surface, so everything that you land is crushed within about an hour, but the robots determined the surface composition was like a lava flow and the pressure and there's still not enough information on the surface to tell us about the geologic makeup of the continent if you will on venus so these new investigation s are designed to look into the plate tectonics history of venus, tell us whether there's vulcanism going there and whether there's water vapor from the interior so a lot of low hanging fruit, scientifically, to go after with these new investigations. neil: you know, tom, we're not the only ones doing this when it comes to venus, japan and india are weighing their own missions. china could consider, china of
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course is on on the surface and they really ramped up their space exploration and are pouring a ton of money into it. what do you think of all of that >> i wouldn't be surprised of china trying to become a major space power competes with us for venus as well but there is plenty of science crushed into answers to go around, so there's no problem with competing in the scientific arena, so you know, i think for the u.s. to keep its cutting-edge in planetary science it's good that we're adding venus to the portfolio and i think by around 2030 we should be getting the results from these flights. one of surface probe davinci which is landing on the surface, it won't last long but it'll give us measurements from the surface about the makeup of some of this continental territory on venus, as opposed to ocean crust that we see here on the earth too, and then the orbit is going to give us a very high resolution, elevation of venus which we don't have now, and that will tell us more about the
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plate tectonics story on venus so we need to be on this cutting-edge of planetary exploration whether it's at mars or venus or other world's. neil: tom, you're always so patient with my ignorant questions, but is this thing already docking up with the space station? >> it takes about for a cargo ship like this usually less than a day to enable them to get to a dock. neil: this is what it would look like once it happens, in other words? >> right. i'm sorry i can't see it, but it's a pretty rapid, if at goes well they can get there in less than a day and the open hatches and pressure checks and now you're on board. neil: got it, got it. well, that was my first stupid question, but tom, there will be many many more. i thought it was quick, it's obviously not quite that quick, tom jones, astronaut extraordinaire on these developments here, and we're doing up right around our own neighborhood in space and of
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neil: so, i'm reading that there's a big boom in healthcare products and others as people get back to work and that there's a big boom in things like deodd o rant sales and i'm thinking we're not using deodo rant, during the pandemic, i'm sure it wasn't that bad but bottom line people are glowing up, if you will, for getting back to work, for getting back to life as we once knew it, lydia hu in cliff side park, new jersey. lydia? reporter: hey there, neil. believe it or not, this is work
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-related. this is part of my reporting process, because i really can't talk about spa services unless i try them out first, right? what i can tell you is that across the country, we are see ing an increase in the number of bookings, according to gloss genius, bookings at spa services are up by 20% as people are trying to spruce up ahead of the summer as we're seeing roll back on restrictions. we're here at lana's organic day spa where the manager tells us they've seen an increase in bookings for massages and pedicures and facials, watch this. >> after the masks have gone down, you know, people want to feel more beautiful, younger, rejuvenated, fresh, and we can definitely help them with that. reporter: and there are also some consumer products that are getting a piece of this nationwide glow-up, nationally, teeth white sweetener sales are up by 51% and lipstick, those sales are up just in one month, between february or between march and
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april, actually, up by 80% to reach $34 million in sales, but what i can tell you, neil, if you have any plans on heading to a spa anytime soon, definitely want to call ahead, make an appointment make sure they have availability because they are getting busier, they might not take walk-ins, just like here they will have to turn you away so call ahead. back to you. neil: i'm just going to say i know lydia, and see what happens thank you very much, lydia hu in cliffside park, new jersey on all of that. you know, there's a big debate mayoral in new york city and the rule of thumb whoever wins the democratic primary, to be mayor of the biggest city in the country, generally goes on to be mayor of the biggest city in the country. after this.
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close to eight years, those who wanted to replace him, participating in a big old debate last night. that's on the democratic side of the ledger, the consensus always seems to be that whoever wins the democratic nomination for pretty much anything in new york city, may mail-in ballots mayor all the way to the chief veterinarian will go on to be the actual winner doesn't always work out that way but david lee miller following the exchanges, sometimes getting pretty heated last night in the big apple. david lee, what can you tell us? >> that's right, neil. when new york's surging crime rate is what took center stage at last night's democratic mayoral debate, eight candidates offered up how they would best run the city and make residents feel safe. some on the stable called for police reform and slashing the department's budget. >> we believe we can get to a safer new york city by divesting $3 billion from the nypd. >> in one exchange, civil rights
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lawyer maya wiley criticizing the nypd took on brooklyn's president and former cop eric adams, the issue of gun guns became personal. >> mr. adams said he carried a gun to church. he's asked off duty officers to carry a gun to church and will carry a gun as mayor and maybe ditch his detail. eric isn't this the wrong message to send our kids, we're telling know the to pick-up the guns. >> the state law states that a police officer can carry, off duty, because he has to respond 24 hours a day to any crime that's taking place in the city. >> well the candidates called for more resources to help the mentally ill and homeless and the candidate with the greatest national name recognition, businessman and the former presidential content er andrew yang said more needs to be done to reduce crime in the subways. >> those cops need to not just be on the platform. they need to make visual inspections going back and forth down the subway cars. >> now the primary election takes place later this month, according to a recent survey, a
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majority of new yorkers are now aware who the major candidates are in this race. there are a total of 13 democrat s that will be on the ballot. neil? >> all right, thank you very much for that, david lee miller, well crime front and center for new york because as it welcomes people to return to their offices, especially in the fall, there is growing concern that covid maybe gone but the crime is not. double-digit increases across real concerns for new yorkers, for those who work in new york, including homicides, theft, burglaries and the rest, un precedented in the better part of 20 year, brandon arnold in all this , the national taxpayer s' union, executive vice president, liz peek, wall street watcher fox news contributor. liz, i almost thought i didn't catch the whole thing but what i did . kanye west, it's like crime was not an issue, i mean, it was more about the police, de pending the police, issues like that but very little about the 800-pound violent elephant
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in the room. the fact that new york has become a scary place, and not many were offering an alternative to that, or brave enough to say all right, we need to boost funding to deal with this. what did you make of it? >> yeah, it is really astounding to me, neil, that these candidates are ignoring the number one concern amongst voters. what is that? it is crime, and eric adams, to his credit, has said quite rightly, there can be no economic recovery in new york unless crime goes away, or unless they really suppress it. i was also astonished to hear them competing to see how much in the way of resources they could allocate to illegal immigrants in new york city. if people undocumented people in new york are something like between 300,000, 500,000 people, all those people, according to various studies, cost new yorker s probably $5,000 a year. we are up since 2019 they've
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been given health benefits, scholarships to college, all kinds of benefits and privileges which is great, but new york can't afford it. we don't know, neil, how we're going to cover our budget gap in the future. this year we have a big federal plug, that's great, but going forward, we need more people who are staying in the city, who are providing income taxes, to take care of all of the people who need help. i mean, it was an extraordinary performance and very disheartening. neil: well, they did have a couple or a few of them did have ideas on how to pay for a lot of that, brandon arnold, and that was raise taxes on the wealthy, and a surtax on the super-wealthy so i'm wondering where all of this is going. >> yeah, i think these politicians are absolutely tone deaf here because i've got to imagine that ron desantis and other governors are watching this with a huge grin on their face because they've experienced so much growth, thanks to people leaving the city of new york and
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the state of new york. new york city lost 100,000 people last year. high crime and high taxes are only going to exacerbate that problem so these new mayoral candidates are making the problem worse, not better by not addressing the crime problem and not addressing the high tax problem and in fact raising taxes. neil: you know, one idea still being pushed by the left in new york is a transaction tax on investments, it's one thing that has prompted the new york stock exchange chairman to say, liz, you do that, we'll move out, but they still talk it up. not all of them, but what do you make of that? >> well, look. wall street continues to be one of new york's central revenue sources to do anything at this point, as more and more members of that community leave new york, that would alienate the entire profession, be absolute madness. what we have discovered in this past year, neil, all kinds of businesses and by the way, that includes traders, can operate outside of new york city they can operate remotely or in remote destinations.
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i tell you what, i mean, i'm very discouraged that someone like ray maguire, a am toker citigroup banker, doesn't get it and have a pro-business, low tax , build our economy kind of message. a lot of people supported may ma guire assuming that's what he was going to run on and instead he sounds just like everybody else, to adam's credit , to eric adam's credit he does talk about keeping wealthy new yorkers in new york, mayor bloomberg always pointed to the fact that there are tens of thousands, not many, people who support the budget. that's what these people need to address, not higher taxes. neil: the budget and support people feeling safe. wish we had more time guys i apologize for that, we do not but again, there are republicans running as well. this could be an opening for them because this is. the very same year that we were married. that's 1958. [voice of male] the chili bowl really has never closed in our history.
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neil: relax, america,. charles payne is now. hey, charles. charles: neil, by the way save me some of that brisket, my man. that was a hell of a segment. neil: oh, man. that one thing is a sandwich. jeez. all right. charles: all right. thanks a lot. good afternoon, folks. i'm charles payne. this is making money. breaking right now, the markets especially the nasdaq all opened under heavy pressure this morning. investors are worried about tomorrow's employment number. are they rooting for a strong report, weak report? to be honest i love the
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