♪. stuart: all right. in what year did president harding become the first u.s. president to be heard on the radio? the answer is, 1922. he was speaking to a crowd on july the 14th in d.c., at the dedication of the francis scott key memorial site. the broadcast was heard by 125,000 americans. now it is time for david asman. before you go anywhere, david, no, i was not in the audience at president harding's first radio broadcast. david: i would not sink that low, stuart, to suggest that you were. i know you were a young whippersnapper, let that rumor die right here. stuart, good to see you. thank you very much. welcome to cavuto "coast to coast." i'm david asman in for neil cavuto. we have a busy two hours ahead as the dow, the s&p, kick off the week in the red. oil prices hitting a pandemic high. as more americans look to hit the road this summer.

some say president biden's policies are going to lead to more price spikes. we'll tell you why coming up. as more companies begin to call back workers to their offices, why those businesses may be faced with a wave of resignations instead of a return of workers. and growing concerns over violence in cities throughout america. why businesses in baltimore are looking to use their tax dollars to force change in their cities. that is coming up. but our top story, and we are following it very closely, president biden is meeting with nato allies today where he is looking to rally g7 leaders to challenge china. president biden getting criticized quote, all talk, no action approach. former secretary of state mike pompeo is saying that the trump administration left nato alliances strong and hopes biden will do the same. listen. >> we left nato $400 billion stronger than when we took over. we built out that relationship between the united states and nato in a way that really put

pressure on vladmir putin. what i will look for is the actions. it won't be about what is said. it weren't be about whether the tone is right. it will be about the actions that the united states government is prepared to take to preserve and defend american interests and stop russia malign activity around the world. david: let's get reaction from "washington times" opinion editor charlie hurt. charlie, great to see you. i was talking over the weekend to the "wall street journal's" european editor in london. he was saying the euros didn't like donald trump because he forced them to come up to the plate. he forced them, i didn't realize 400 billion more they got from the euros for nato but it was hundreds of billions of dollars they were forced to pay because of what trump forced them to do. now apparently they feel they're getting a free ride from president biden, so why shouldn't they, isn't the, the point is it is better maybe to get the euros to do what they should do rather than to be liked by them? >> well, look, you know,

leadership is awkward. leadership can be lonely. and but, you know that was the difference between the america first approach of donald trump and whatever this, global first, i don't know what this is we have from biden and before trump, from president obama. but you know, president trump, obviously they did not like him. they didn't like his style. that is because he was, he was guided by two things. one was brutal honesty. he called them out on things. he recognized problems that existed that these global leaders had chosen to ignore for a very long time. and the second thing was, he believed in benefiting america first and that benefiting america first would, sort of benefit everybody that was involved because of our ideals and things that we stand for. and so, the result was, of course, you even though president trump did attack nato, and attack the, the way nato had

been run for decades, nato wound up being the huge beneficiary of that straightforward honesty and that, and that leadership from america. david: right. you used the key word which is results. i mean, it is the results that we look for. not all the fancy talk, back patting and elbow bumping et cetera, it is results. i remember during the ronald reagan. ronald reagan like trump was tough on the europeans, they called him an amiable dunce all sorts of insults. he turned out to be right. we can win the cold war. he forced the russians into a position where they were cornered where the soviet union died. with trump it was a similar situation. what he said isn't what they wanted to hear but he got the results. instead here, now we're rewarding, for example, russia with its gas pipeline before we even go to negotiations with them. >> right. well, like president reagan president trump was guided by

vision as opposed to just sort of this clubness. president biden said america is back at table. that is probably true, they're back at the table. he is being polite and being nice. the clubbiness is all back. photographers snapped biden and french president emmanuel macron literally arm in arm together. like a display how the club is back together. everybody is being polite again. i'm sorry, this is a tough world. that is not leadership that is just getting along. anybody can get along but we have real problems. as you mentioned russia is one of them. but there is no problem like the problem of china. and i don't see any hope other than just kind -- my statements. david: i want to stay on the europeans for a second because the one thing they agree on really concern as lot of americans is on taxes. they want the universal tax

system on corporate taxes. they say it will only be 15% minimum. that number will undoubtedly rise if they after agree to this. i'm hoping they don't agree. i don't want the europeans -- we had a declaration of independence on the basis of tax policies where we didn't want foreigners to be guiding our tax policy in america. now it looks like we're giving that up to the europeans? >> so if you're in a club and all you care about is the club and making everybody happy in the club, the worst thing you can introduce is competition and that was something that obviously president reagan believed in. that is something that president trump believed in. competition is good. if you're in america, if you believe in america, the ideals of america, you love competition. competition is what makes us all better. david: right. >> if that means lowering tax rates, that is a good thing. whatever it is competition, what these people want to do, they want to get together in their club and want to eliminate competition, because that is

really awkward. it makes for an awkward party. david: they don't understand competition the way we used to. i hope we get back to understanding. very quickly on china, a lot of feckless talk how we're going to get china to do a full investigation. without a stick all this feckless talk amounts to nothing, to zero. i have a suggestion for a stick, i shared this with you by email, so forgive me, but for our audience i think they should say look, they have a seat at the u.n. security council that they value very much. we could get the world together and say, unless you have a completely open and independent investigation, i'm not talking about a w.h.o. kind of an investigation, where you give china everything they want, but a real independent investigation, unless you do that you lose your seat at the united nations in the security council, what do you think about that idea? >> i think it is a great idea and i think they should go even farther than that i think, i think the world should get together and file a massive,

multitrillion dollar lawsuit against china to extract every time out of them to pay countries back for the expenses that they have had to pay for this pandemic. you know, at this point, because of the fecklessness at the global level, we don't even know exactly the degree to which china is culpable for this virus. we don't even know if this was intentional or unintentional. obviously we don't know that it is intentional because there has not been any investigation. trump was labeled a racist and a xenophobe for even asking questions. we should be so far down the line on this and i love one of the great extractions from this global meeting was that they actually named china in their condemnation of china as if that is some huge, you know, accomplishment or something. it is not an accomplishment. at this point we should be investigating the w.h.o. we should be so far down the line of having already investigated china for exactly what you're

saying, you know, getting to the bottom how this thing started and how it spread. david: we don't know if it came from a lab although there is a lot of indication it did. >> absolutely. david: we do know they were intentionally infecting the world. when they were keeping wuhan away from other places in china. allowing people in wuhan to go to europe, the united states, that was an intentional effort to infect the rest of the world. i think that is a crime against humanity. led to millions of deaths all over the world. >> absolutely. david: charlie, we have to run. thank you very much. president biden as we mentioned is meeting with nato allies today. fox business's connell mcshane is live in brussels with the very latest. hi, connell. reporter: david, good to see you. i will pick up a little on the conversation you and charlie were having, there is no doubt about it, you were right, russia and china is hanging over the meeting of nato allies, even though neither one is here, conversations about those countries dominated talks behind closed doors you would assume and on the sidelines between

world leaders, similar to what we saw at the g7 summit wrapped up in the uk there over the weekend. as for president biden, the third thing besides russia and china i would add he is doing in the overseas trip, he has done it over and over again, try to draw some distinction between his approach, particularly on international affairs, and approach of the previous administration. sometimes it is a subtle comment. sometimes not so subtle. earlier today he talked about how he sees the nato alliance. here is the president. >> i want to make it clear, nato is critically important for u.s. interests in of itself. if there weren't one we would have to invent one. it allows america to, to conduct its business around the world in a way that never would have occurred were it not for nato. reporter: of course president trump, mr. biden's predecessor is openly critical of nato during his time in office. president biden has been, again, repeatedly pointing out that

these nato allies are friends of the united states, using phrases like america is back. he has been saying that over and over. as we look inside of the building behind me, the nato headquarters here in brussels, the event the of the day are continuing. if anything they're running a little bit behind schedule. we thought by now we would have seen president biden in one-on-one bilateral meeting with turkish president erdogan. that has been pushed back and so will the president's news conference pushed back sometime later this afternoon on the east coast, later this evening here in brussels. the president, david, will face the media later on. questions on russia certainly ahead of the meeting with vladmir putin wednesday in geneva but also on a number of other topics. hopefully we'll be inside to get questions from the president. david: you have one of those rare sunny days in brussels where it rains 300 days a year. reporter: beautiful. david: you're outside but not in the rain. connell, thank you very much.

back to the problems here at home. oil hitting a pandemic high and gas prices up nearly a buck from this time last year. jeff flock is in battle creek, michigan with details on all of this, jeff. reporter: sunny in too, michigan, david, but storm clouds are gathering when it comes to gas prices. we're looking at interstate 94, a lot of people out on the road after the pandemic. $3.08 regular now, three cents more than last week, six cents more than last month and almost a dollar more than it was last year. you mentioned oil. highest in two years since october of 2018. we haven't even fully recovered in terms of demand yet. what is the long-term outlook for oil? well, people think, both oil and gas prices going up in the short term but maybe long-term not so much. listen to aaa. >> we expect crude oil prices to come down. when crude oil prices come down we're going to see relief at the

pump. now if something happens, opec does not increase production or there is hurricane or another colonial pipeline, those things will impact crude oil prices and likely make gas prices more expensive. reporter: you want to know where you want to take a road trip, david? i would say go to the south. louisiana, mississippi, oklahoma, texas with the least expensive gas in the country. if you go out to the pacific northwest and the west coast, however, maybe it is better to take your bike, maybe even an electric bike if you got one. california now, $4.22 average gallon of regular. david. david: i was out in new jersey yesterday. right after the election it was $2.01 per gallon in new jersey. now over $3 there. a remarkable increase unfortunately. jeff, thank you very much. a big week for investors as well. they're waiting to see whether the fed will signal whether it

will raise rates. let's get to market watchers jonathan hoenig and michelle schneider. when you look down at bottom of your screen, you guys can't but the viewers can, we saw a potential increase in value of the markets in premarket activity today. right now it is down 219. that might be, jonathan, because the new york fed said inflation expectations continue to rise. are you expecting them to rise as well? >> we're seeing it, david. we're seeing inflation and it is 100% caused by government. what is inflation? it is expansion of the money supply to support deficit spending. only seen a little bit of that lately. 20% of all dollars in circulation were printed in the last year. that is why jeff reported on higher gas prices but david, we're seeing higher prices for everything. corn, wheat, soybeans, lumber. people might say oh, a loyal bit of inflation. let's not forget president ford inflation public enemy number

one. it wasn't even crime, it was inflation. that is my fear we're heading into direction once again. it is government spending doing it. david: michelle what happens is, the fed buys up a lot of this debt to the tune of $120 billion every month. that is about 1 1/2 trillion dollars a year. money is then printed by the treasury in order to purchase those, that debt. that is what happens. the question is, whether the fed is going to begin to trim back on that? do you think that they may buy less debt, meaning interest rates might go up a little bit? >> perhaps at some point but, just to jump on what was just said, i'm totally in the same camp of fear of inflation continuing. i think we're just starting a super cycle, commodity super cycle going up. it is more than just government spending and fed accommodative stance. that of course contributed. there has been results from the

pandemic. even before the pandemic, but with the pandemic about the supply chain disruptions and the low labor force and just in terms of the whole commodities market since there are raw materials. a lot of farmers, miners, they have cut back on production ahead of the pandemic, because there was prices were so low, they were looking at it as a hedge. now we have the fact that is coming home to roost. that we don't have enough supply. david: that's right. >> there is just good ol' economics 101, supply, demand. demand, lower supply, inflation. david: jonathan, one of problem with supply you don't have as many workers. there are 9.4 million unfilled jobs, i think largely because the fact we're paying people to stay at home. that means less stuff being produced. there are two parts of inflation. too much money chasing too few goods. when you have 9.4 million unfilled jobs, that means a lot less producing, producing a lot less things, meaning prices go up, right? >> david, once again, this is

caused by government. everything from what you alluded, we talked about paying workers to stay home. even things like, for example, higher wages, higher minimum wages which push inflation up across the board. what is so insidious, david, this is a tax on the poor. inflation is a tax on the poor. david: absolutely. >> whether it is higher interest rates or higher cost for cup of coffee, bag of groceries, the poor in washington they claim they want to help the most, the poor is hurt the most by inflation. david: they always get stuck with the fuzzy end of the stick as we say. we'll see more of you folks coming up, thank you very much. and we also have a story about businesses in baltimore threatening to withhold tax payments in that city doesn't slow down the crime wave. how the city is responding right after this. ♪.

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chicago. fox news correspondent mike tobin has latest. this is all over the country, mike, austin, cleveland, new york, atlanta, it is quite a list. reporter: as you mentioned cleveland, savannah, austin, texas, chicago, experts in law enforcement fear we could look at a summer gun violence. chicago, 3 people shot over the weekend, three killed. this saw a 20% increase over the violent year we saw last year. in the chatham neighborhood early saturday morning, two neighbors opened up on a crowd of people standing on sidewalk. they say it appears it was motivated by personal dispute. in savannah, a gunman opened fire on a crowd, 60 rounds. 18 wounds among them a child. >> there are bullet holes in people as front doors. screen doors were shot out. i'm upset at this moment. we're trying to find away to make some kind of sense out of

it. reporter: austin, texas, a gunman opened fire on sixth street, the popular nightlife and music section of town. one dead. victims appear to be innocent bystanders. the trend is personal disputes and indiscriminate gunfire. the mayor of austin, up tick ever violence locally, a disturbing rise of gun violence across the country as we exit the pandemic. along with the increase in violence, associated press says rate of police officers calling it quit and retiring increased 45%. they used numbers from the police executive research forum, examined 28 police age is. following the antipolice demonstrations across the nation around defund the police movement. david: they're definitely connected. mike tobin, thank you very much. baltimore businesses are threatening to withhold tax payments blaming the rise of violence and lawlessness in that

city. jack brewer, former nfl player, foundation ceo. great to see you. what do you think about this? businesses saying if you can't do what we think we're spending our tax dollars paying you to do, that is to keep the city straight, to keep the customers, our customers from being in danger when they go out shopping we'll not pay taxes. do you think that movement will spread? >> i think it will. this area of baltimore, it is beautiful, if you ever been there on the water. we need more communities to step up. what the really sad thing about it is, most places across the country that have this gun violence, they don't have thriving businesses around that will make stands like this. they're stuck in poverty stricken areas and say shame on all of us. shame on us for focusing all the time on some issues that really aren't issues when we got war taking place on our own streets and our own cities and communities across these

beautiful united states of america. we need to take a hard stand. you have to get to the root cause of this stuff, david. look at our education system. we had 2 million dropouts of high school last year. where do you think the folks are coming from? we're not educating them. teachers are not stepping up. the unions have strangleholds on the school districts and these teachers. it is absolutely ridiculous. we need to start holding people accountable. if you will walk into public school and teach some kids and half of them are leaving out of there without being proficient in reading and math, shame on you, you're not doing your job. time to start holding people accountable in the united states of america. david: now, jack, you know a lot of politicians, particularly in democrat cities are blaming the covid virus and factors, maybe gun violence saying because we need more laws against guns, et cetera. but this is a trend that was starting long before the pandemic. it wasn't new york t wasn't l.a.

it wasn't san francisco. it wasn't chicago. where this increase in chicago and violence today by the way, not just guns, assaults without guns are increasing dramatically. directly related to laws, so-called bail reform laws, that let dangerous criminals out on the street far too early, sometimes overnight. it is because of all kinds of rule changes and also attacks on police that this violence has been investing, isn't it? >> no doubt. i mean probably 20, 25 times more likely to have these crimes being committed from kids that don't have fathers in their homes, david. david: yes. >> our family structure is broken. no one wants to talk about the real cause and the real root of the issues that we're facing and describing right now. but i remember before the covid virus there was over 100 people killed in one weekend in chicago. so for these liberal cities and mayors top start now blaming

covid-19 for the spike in crime is absolutely ridiculous. get back to righteousness. david: let me ask but the black lives matter movement, a lot of members of black lives matter says, equals, defund the police. they were saying blm is defund the police. the defund the police movement took a stand last year. corporations were jumping over themselves to give money, tens of millions of dollars, finding out some of the money might be misspent. the bottom line they have a lot to answer for now. all those corporations, all of the liberal politicians who were backing blm, defund the police, americans now realize there is a connection between defunding police and increase in crime, right? >> you're 100% correct. we've got to start holding these businesses accountable who support this mess. you know this black lives matter organization, literally represents anti-family principles, antichrist principles. i can't even turn on a baseball game or basketball game without

sees logos and black lives matters emblems on the back of our backstops. it is ridiculous. i don't want to see it anymore. americans have to stand up against because this is exactly what is empowering and emboldening our communities to keep this liberal mentality, not holding these teachers accountable. law enforcement scared to go to work. it should put fear in every american that law enforcement officers right now are very hard to even hire. no one wants to go to work anymore. you can't blame them. these men want to get back to their family. what happened to up loving each or the, keeping each other accountable for the american dream? we can't take our prosperity for granted anymore. david: absolutely. we'll talk about woke corporations coming up with charlie gasparino in a moment. it is quite an interesting phenomena. jack brewer, you're great. thank you for coming on. >> god bless you, david. thank you. david: the st. louis cardinals are getting back to full capacity in busch stadium.

we're live in st. louis on how businesses are looking to benefit from this after a short break. ♪.

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♪. david: welcome back. all-american comeback on flag day. the st. louis cardinals will be playing their first game at busch stadium in full capacity for the first time in over a year. grady trimble is in st. louis with the very latest details. hi, grady. reporter: hey, david. that means 44,000 fans will be allowed inside of busch stadium here. that is good, not just for the ballpark and the team, but also the business owners right around the ball billion park. we're in ballpark village.

it's a collection of bars and restaurants. tom is the owner of a barbecue joint across the way. this was huge for you guys. this is 30,000 fans. you opened three weeks ago. now you have a bigger customer base of people coming to the restaurant. >> we're thrilled. it is more of the country turning back on, getting back to life and we couldn't be happier to be a part of it. reporter: as we talk about half of mlb ballparks going to full capacity. another announced dates in the not-too-distant future to return to normal which is exciting. you guys have a heck of a year. you have other locations around town. you had to shut them down to go to reduced capacity. you switched gears and now basically you have two businesses you're running. >> we pivoted. we started a national shipping company which is great and well-received and really busy. now that our normal world is turning back on we're juggling these two balls in the air. it's a great problem to have. the whole world is turning back

on, or this country anyway, we're really excited about it. reporter: it is exciting to see. by the way, david, i'm not sure how much you know about st. louis food. they're known for this, toasted ravioli. tell us about this. this is special kind of toasted ravioli. >> this is a special of ours, with burned in brisket we smoke and white cheddar cheese and other fixings, put it in ravioli by hand, deep fry, serve it with a alabama ranch. reporter: we know what we're having for food. david: some foods are worth the result of in the stomach. that is worth the heartburn. i'm sure it smells as good at it looks, grady. i envy you. thousands of goldman sachs and credit suisse employees are returning to the office. it comes as thousands of americans are quitting their jobs more than they have over the past two decades.

let's bring back jonathan hoenig and michelle schneider. jamie dimon says, he thinks work should be for those who hustle at their work. i'm wondering, michelle, how do we get the hustle back? that we're paying people more to stay at home than we're used to, we have lost a little bit of the hustle in our work lives. how do we get it back? >> that is a very interesting question because some of this happened even long before the pandemic. the work at home phase, because of technology making it so easy to do so is not brand new. covid just gave it a real shot in the arm. here we are, people have gotten used to it. so it is going to be difficult i think to get people back to work. there will be a percentage of people who just refuse to do so. apple, for example, just went through their employees wanting them to come back to the office in september three days a week. they're giving them some gruff about it.

it will be what can they do? obviously one thing will be people feeling totally like they are just bored at home. hopefully that happens, i need to be around people and i need to get out. others will continue to be some incentive. whether higher wages or bonuses or promotions or some kind of an equity share, it will have to be somewhat creative. otherwise businesses unfortunately for some of them will have to adapt or die. that is the reality of the situation with technology so advanced. david: jonathan, seems so contrary to the american tradition of working your butt off in order to get somewhere, particularly a place like new york, chicago, where you are, or l.a., where people are known for working long hours, working very hard in order to get ahead. we don't want to be like your europeans who have much more mild way of thinking about work. >> there is a lot going on, david, and michelle is right.

the nature of work is changing. you won't see big office spaces with thousands of desks, but what you're alluding to the nature of the entilement state. absolutely the bigger the entitlement state grows the lower evolution that becomes. six figure jobs, might be sign of a top. remember in 1999 everyone was leaving very high paying jobs to go to a start-up to take some time off. david: that's true. >> a few years later people with mbas were trying to find jobs at starbucks. these are really good times people are quitting six figure jobs. david: you actually mentioned the key word there, entitlement. it is that entitlement attitude that has got to change. frankly i don't think it will change anytime soon with what we're thinking of spending money on in terms of the government. michelle, let me switch gears dramatically to bitcoin.

it is hit 40,000. now up over 8%. it hatches with gold down. there seems to be an inflation hedge in cryptos. what do you think of that? >> i think that is an astute observation. gold came off its lows to rally a little bit here but bitcoin started to steal thunder. a lot had to do with elon musk and his incredible influence over the crypto market. he came out said, if they prove the mining will be greener, at least 50% better, he will start allowing people to buy teslas with bitcoin again. the fact he has such an influence is troubling to some. encouraging to those, particularly the bulls. i want to mention something about gold. david: sure. >> what is really interesting about gold, not just its relationship to bitcoin but its relationship to silver. and there is a ratio between silver and gold and commodity traders followed years and years. when silver starts to outperform gold that too is an inflation

indicator. david: very interesting. jonathan, quickly what do you think about gold? >> gold is a wonderful store of inflation. it's a currency exactly what bitcoin is not. what type of store of wealth is bitcoin if it vacillates by 30, 40, 50%? if you're looking for a long-term hold i would certainly hold gold over bitcoin. bitcoin is in 2021 what nanotechnology was in 2005. you might not remember that. that was the hottest investment trend back in 2005. no one even mentions it now. that is my bold prediction for bitcoin. david: you are being so kind. i do remember it. i admit i'm at least that old. jonathan, michelle. great to see you both. thank you very much. coming up wall street going woke. new rules being proposed on everything from climate initiatives to meme stocks in the corporate boardroom. what is happening to capitalism in america? that's next. ♪.

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through. you're getting that on more granular level at securities & exchange commission which is wall street's top cop, corporate america's top cop. essentially sets the agenda how companies should behave or disclosing to investors. gary gensler on late friday, we were first to report this, laid out a pretty big, pretty ambitious regulatory agenda from the sec and what they want corporate america and wall street to do. it's a dramatic turn to the left, david. gensler is expected -- first off we should point out these are proposed rules gensler put out on everything from climate change disclosures, board diversity disclosures, gameification of wall street and even stuff on short selling. they have to be voted on by the commission. it is not totally a slam-dunk for him to get these through but it is 99% sure. the reason the securities & exchange commission is divided 3-2. he is the defining vote democrats have three seats

versus two republican. this stuff will get through. what is it? woke corporate disclosures. it is companies disclosing information about board diversity and climate change efforts. there is some stuff again on gameification that should head robinhood's ipo. robinhood is new easy to use trading app. there will be rules to slowdown that process looks like from what gensler proposed there is stuff on short selling. nothing on naked short selling which is a huge issue lately involving people that are bullish on amc stock. some retail traders saying system is gained by hedge funds that keep short position open. gensler didn't address that. but the big thing here, david, is the woke stuff. it is really quick remarkable that every company in america, if this thing goes through is going to have to tell their

investors exactly what they're doing in terms of board diversity, environmental disclosures. obviously what gensler wants, democrats want a public shaming. here is what you do. it is not good enough. some activist investor comes in, activist, meaning a left-wing activist investor, there are a lot of those, comes in publicly shames exxon or you name it. david: happening all over. >> about what they're doing about the environment and diversity. pat toomey, senator from pennsylvania as you know, a ranking member of the senate banking committee which has oversight over the sec, he is in the minority right now but he is still i believe, what we understand will push back on this. if the republicans get the majority, you know it will be hard for gensler to do some of this stuff. he has a window of about a year-and-a-half, david. back to you. david: i'm sure bernie sanders is very happy with all of these changes. we'll see if they do -- >> elizabeth warren too. david: charlie, very important subject. thank you so much.

appreciate it. coming up benjamin netanyahu letting loose, lashing out at president biden's foreign policy in his final address as prime minister. the details coming up. ♪.

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i hope you're ready. 'cause we are. >> the w.h.o. you're right the first study they put out was highly deficient. leaders of g7 come together insisting china cooperate with the so-called phase two study of w.h.o. to get to the bottom of what happened but that's not enough. david: secretary of state antony blinken calling for a deeper probe into the origin of covid-19, is it too little too late? reaction from iowa republican congressman marionette miller-meeks. a doctor and lieutenant colonel in the army, so much. i run out of space everything you are or done, congresswoman. i will call you doctor. i'm worried about w.h.o. again being part of the discussion here, after everything that they are complicit in with regard to helping china cover up.

i don't think it is going too far to say they helped china cover up the extent of this problem of the pandemic, do you? >> well certainly the w.h.o. is compromised. that is why we need to have u.s. researchers, u.s. scientists be able to go into china, to the wuhan institute of virology and look at the books, look at laboratories and look at processes within the wuhan institute of virology which is probably where this virus eminated. david: congresswoman, they will not just open the books. they will not do it on the basis of talk, no matter how much of a love-fest president biden has in europe right now. nice talk, happy talk will not get them to open the books. you have to use some kind of a stick. i'm suggesting by the way if they don't do it they lose their seat in the security council at the u.n. you need something like that to force their hand, don't you? >> i think you're exactly correct. i think the president right now is in a very desirable position at the g7 summit with other

nations that they all together combined could have this force that you know, china needs to be held accountable. they have denied this. no one looked into the origins, even when senator cotton brought this up, he was, in essence dismissed that it t could have been a lab leak. no one is saying it is intentional. but we need to know from a public health standpoint, national security standpoint. we need to know from the media looking at themselves in the mirror, we shouldn't be so quick to dismiss something because we don't like the source of that information. you're right. david: we know intentional to the extent they allowed people from wuhan, go to the united states, europe, spread the virus even though they were preventing people from wuhan going to other parts of china. they knew something was up. i want to switch quickly to a federal ruling on vaccine mandates. a houston judge dismissed a lawsuit by hospital employees who were suspended because they refused covid-19 vaccines. where do you stand on this?

>> well i don't think we should have a federal mandate for covid-19 vaccines but interesting enough, working in hospitals which i was a staff member, hospitals required us to get vaccinated for influenza. now you could appeal that decision or you could ask for a waiver if you had a medical reason, that you could not be vaccinated, if you had an allergy or if you had previous, i think in this case, if you can show that you have had previous infection with covid-19, you ought to be able to use that for an employer. david: good. >> no vaccine mandate by the federal government but i certainly understand businesses wanting to protect all of their employees or customers. so they may ask for an individual to provide a waiver or waiver liability. david: are you still paying a fine for not wearing the mask in congress? >> i'm not sure yet. not sure yet but if i have to pay it i will pay it. it was worthwhile doing it to get nancy pelosi to listen to a small voice that said we should not have to wear a mask if we've

been vaccinated. david: congresswoman, doctor, great to see you. thanks for coming in again, appreciate it. after the break why biden's push for higher global minimum tax could push the next electric bill even higher, we'll explain after this ♪you've got the brawn♪ ♪i've got the brains♪ ♪let's make lots of♪ ♪uh uh uh♪ ♪oohhh there's a lot of opportunities♪ ... 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—

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david: and welcome to the second hour of cavuto "coast to coast" i'm david asman in for

neil cavuto. happening this hour, president biden across the pond getting set to address nato leaders and the world. will these leaders crackdown on china and russia, or is this all just a lot of happy talk, we're going to bring you the very latest on that, plus chickens coming home to roost, or not? a massive chicken shortage is reeking havoc on a lot of restaurants all over the country and i'll be talking to the owner of dust's famous chicken wings from the place they originated and another case of parents slam ming school political correctness, this time, a new jersey school removing names of all holidays from the school calendar. we're going to bring you the latest on this uproar, but first, our top story of the hour , watch out, your electric bills could be getting more pricey under president biden's proposed tax hikes fox business edward lawrence is in d.c. with the very latest. edward? reporter: david, yeah the bottom line is that you raise any tax and usually, that gets passed on to the customer, so americans

for tax reform president grover norquist says his group document ed a direct correlation to lowering the corporate tax rate and reducing utility bills, so, they wanted to see if the reverse would happen. president biden has proposed a corporate tax hike from 21% to 28%, americans for tax research, their research found that the energy companies in all 50 states plan to pass on a portion , or all of a corporate tax hike to customers. >> every dollar of the federal corporate income tax that goes to utilities is by law passed directly on to consumers, so if he's raising a billion, you're paying a billion. it is a significant increase for all middle income americans , but think of small businesses, which use a great deal of energy. they get hit as well, and then you pay when you go to the store reporter: could pass on those costs and for example, the report found in 2018, the utility company in delaware

planned an average of $65 increase per-customer. because of the tax cuts from the former administration, the utility actually issued a decrease of $15 per customer, so the official white house position on this is that the increases do not need to happen; however, the americans for tax reform found that utilities in all 50 states will pass on all or some of that increase, because of designated state mandated profit margins, they are regulated by the state so the bottom line for norquist is he thinks the administration wants higher energy cost so it will not look as bad when they move the market to more expensive solar and wind energy. i reached out to the department of energy with multiple e-mails and i got no response in asking for a statement, david? david: not too surprised unfortunately that there was no response. edward thank you very much, well oil prices hitting a pandemic high. this as president biden is facing pressure to shutdown pipelines and advance his green agenda without congress, that's what the squad wants him to do. blake burman is at the white

house with the very latest on that. blake? reporter: david good afternoon. one of the very first actions of president biden when he got into the white house on his first day was to effectively end the keystone xl pipeline and as you know, that project for all in tense and purposes is over at this point, well now environmentalists are setting their sights on another project as well, which is known as the line three project. that is the replacement of some 360 miles worth of pipeline that works its way through minnesota, wisconsin, and north dakota, the overwhelming majority of it in minnesota. for example, last month environmental groups asked the president to end the involvement of the army core of engineers as they wrote in a letter to the president, "as you know, line three poses a significant threat to water, indigenous rights and our global climate, and its rushed construction in the midst of the covid-19 pandemic is delivering quantifiable danger to minnesota communities and energy workers alike." the company behind the pipeline, enbridge argues in part that there is an economic benefit to the pipeline.

for example, on their website they say the project would mean some 8,600 jobs in two years, $334 million in payroll to workers and about a $2 billion boost, they say, to the economy in minnesota. we reached out, david, to the white house, they deferred us over to the justice department as this is a case for the line three project that has been in and out of courts for several years now. david? david: so white house, justice department, where do you go next if justice department doesn't respond? >> it's a good question, but you know what it's a big court system out there, right? david: called passing the buck. good to see you thank you very much. well while the price of oil is surging to a pandemic high here in part due to a green energy push, swiss voters have actually rejected a tax hike there aimed at fighting climate change. joining me power the future founder and ceo daniel turner. daniel, good to see you. there is pushback now, daniel. people are, people in america, even people in green switzerland are seeing that there is a

relationship between this green energy push and the price of energy going sky high and not seeing results in terms of jobs that are being claimed by green administrations like ours now in the u.s.. >> no there's never been the delivery of green jobs, especially that we saw in the obama administration, promised green jobs, the biden administration is promising these green jobs and we've never seen that but what we have seen is the fallout of high energy prices, high utility prices, good for this country, for pushing back and for their voters pushing back. we don't want europe's future where they pay four and five times the price for utilities and for petro in the uk, that we pay in america. that is the result of going green, and the american people, if they know that, i know would vote against it. david: you know there's another maybe even more important result of going green, and that's that we lose our energy independence. i mean, we had this brief respit

of four years, brief in terms of the history of the united states , where during the trump adminitration, he deregulated tremendously in the energy industry and we saw a boom infos ill fuel jobs that killed the green energy folks and now they are back in power and we're losing our energy independence and that puts us at the mercy of these oil sheaks and russia, by the way, that we were happy to get away from. >> it does and now we have to pay attention to what opec is doing and their june meeting they talked about continuing to cut production, let's see what they say in july, but you're absolutely right. for a while, that energy independence gave us leverage over these countries, now we are weak compared to opec, now russia is rattling its sabers once again and we don't have to live like this as americans because we have enough oil & gas domestic ally to power our country and to supply our allies with. david: by the way, we should say that this energy, this

fossil fuel energy, is a lot different from the fossil fuel energy of our parents and grandparents where which spewed out all kinds of carcinogens and really ruined the air. this is a lot cleaner energy. that's why the united states has become one of the cleanest air in dust are allized nations in the world, right? we're not talking about coal energy here. >> no and since the 1990s we reduced our emissions about 20%. the industry always gets better, because free markets look to improve themselves. they look to be more efficient. they look to be more effective. it is these huge government mandates that will allow something like green technology to replace it. there's no marketplace call for wind and solar. what there is is trillions of dollars of the government mandates and political pressure but the free markets want what is efficient, what is domestic and reliable and abundant and that is overwhelmingly fossil fuels here in america. david: daniel let me go back to the job issue because we saw a

scam during the obama biden administration that really needs to be emphasized. they were claiming all kinds of green jobs that when the wall street journal did an extensive research on, the news side of the wall street journal, in 201e that was based on months of research, looking at claims by the obama administration of jobs created in windmills and solar energy, et cetera. turns out they were tremendously overrating the job creation that was actually going on. they were claiming tens of thousands of jobs, journal went into these places there were only a couple of dozen in some of these places so are we going to see the same fake figures now that we saw back then? >> well this is the same obama administration that gave us that phrase "jobs saved or created every month" for eight years and there was never any pushback on that made up term, so the green jobs have always been false, right? and if there are any wind and solar jobs, around 80% of those products are manufactured in china, so they are going to get the jobs, they are going to

get the tax revenue, those green jobs, biden is going to promise them the way obama did, and i would say don't hold your breath if you're a keystone pipeline worker right now without a job, for five and six months, and you're waiting for a green job to come, time to change career paths they are never going to be delivered. david: by the way it was the american recovery and re investment act, 1603 program look it up the 1603 program of that act, claimed tens of thousands of green jobs that really didn't exist, quite a few of them, daniel good to see you thank you very much. >> thank you. david: ongoing chicken shortage has come home to roost in buffalo, new york. you've heard of buffalo wings so local restaurants are paying more and that means customers maybe paying more. joining me now is famous wings owner greg dual. good to see you thank you for coming in. congratulations for the end of the pandemic, but geez, you have one disaster ending and you have another disaster which is rising prices how much has the price of chicken gone up for you? >> yeah, thanks for having me,

david. wing costs alone have gone up almost 99%. david: wow. >> actually i heard in your previous segment you were talking about oil costs. fryer oil is a huge problem for us over 120% increase so far this year. david: unbelievable. what do you think is causing it? >> well, i talk every day with my suppliers just this morning, we discussed the labor shortage is a huge problem in the industry. not just the restaurant business , it's not just the retailers the chicken wing farms in america, they are having trouble retaining and recruiting employees, when that happens they can't process the birds fast enough and they have to feed them more, the feed costs have gone up, the birds are getting bigger and they can't process and get them out at the same time, you've got restaurants reopening all across america, so you have a decreased supply and i guess a sort of a f aux demand as restaurants reopen, they just can't keep up. david: so greg, they are

9.4 million unfilled jobs in america right now, we've never had a job surplus like we have. how much of that surplus do you blame on paying workers a lot more than some businesses can afford paying them out of tax dollars. >> yeah, i mean, back in 2019, we probably had record year and everybody in the restaurant business was probably agreeing with me right now. it was a record year and then we were competing against the restaurant down the street for labor, which is a good problem to have it's good for the workers. now this year, not only are we continuing to compete against the restaurant down the street but competing against the government that's paying money to stay out of work and we need people back in the workforce to keep this country moving forward. david: you've heard the complaints when we suggested that the administration that that's part of the problem is you're paying workers too much on unemployment benefits more than they could get working. that's keeping them at home. they say no, that's not the problem. the problem is people just are worried about the virus, et

cetera at the workplace. how would you respond to their excuse? >> from my standpoint, i see it as a huge problem, it's definitely the problem. in an effort to retain my employees and restauranteurs all over the country we'll say the same we've raised our wages to keep them here. unfortunately, i couldn't possibly keep up with an additional $300 on top of an unemployment benefit and the menu prices be skyrocketing more than they already are. i just, it doesn't hold water that that's definitely the problem and it has to change soon. david: you know, it's in manhattan i know the unemployment benefits are $800 and a lot of that is tax- free and if you have, two people at home, husband and wife or whatever, you have $1,600 a week, i mean, that adds up to like 80,000 a year. as generous as i'm sure your payments are, you just can't afford with your profit margin

to pay that out, right? >> no, i mean, i'll add to that too, david. the eviction moratorium that allowed people not to pay their rent, we also have a child tax credit coming up here. david: yup. >> just seems like the money keeps flowing, when there's supply crunch out there, and an additional there's supply, there's money everywhere it seem s that the government is giving out that's why you're se. it's a big problem. david: will you survive, greg, very quickly? >> yeah. buffalo is a strong local restaurant community and they are very supportive. thank you for asking david: that's good to hear and we wish you the very best, greg. i know its been a tough year you guys deserve medals you've been hanging in there throughout the pandemic now, you're hit with all this stuff. you've got the urge to survive god bless that i appreciate it. well, nato nation is speaking out, what's being said about china and how china's firing back, right after this. >> ♪ ♪

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>> mr. president, are you waging a cyber war against america? >> no. >> where is the evidence? there is proof. it's becoming farsicle. we know it well and we have been accused of all kinds of things. david: who, me? that's kind of what he was saying there russian president vladimir putin, dismissing allegations of hacking and u.s. meddling ahead of his meeting with president biden this week. fox news correspondent benjamin hall is in brussels with the very latest. we should emphasize this is a former kgb agent who was instructed very carefully for years about how to lie, right? >> yeah, that's right and he knows exactly what he's doing and exactly how to play different world leaders and we're going to see that happening perhaps on wednesday, but at the moment what we're set approach, very different relationship between the u.s. and nato, remember under president trump, trump was

incredibly hard on nato. he even called them obsolete at one point but he did get a number of the countries to meet their 2% military spending, raising about $130 billion extra for the alliance, and what we're seeing now is a very different kind of summit. it's one which is far less confrontational and a number of those big issues have already been discussed such as the withdrawal of troops from afghanistan. that is something that many other nato countries disapprove of and of course, they have been discussing those threats from russia, focusing in on the cyberattacks out of that country. president biden saying he was open to a deal on exchanging cyber criminals with russia. >> yes, i'm open to, if there's crimes committed against russia, that in fact, the people commit ting those crimes are being harbored in the united states, i'm committed to holding them accountable. reporter: but the idea of actually, i think people to russia may not have seemed like such a good idea in fact national security advisor jake

sullivan backtracking on the idea saying he was not saying i'm going to exchange cyber criminals. both are being discussed today is china. nato was setup to counter russia but a big push to repurpose it to intelligent coulder the growing threat now from china. that, along with climate and covid really make biden's three c's so we have a lot of meetings going on today, a bilateral with the president of turk hrk hlyntonusnt wiousch wioch fo etinmeet oinmesdedayneitit we kw khat tret tntid b n b a a jnt joire himhimim simpl sim doe't see the bene da d:da inder undanndndha inounknky m g- lderseaderseenglymi ing te ute f agastgaga inchiniste ltenno t e wolsols klswlshattt cnas nohano ohaurre v wthcu dcussss china c,,, at mesa welse to inin t d t we w chihi we e e haveusaha is notot acting i way ttt i i nsistensnthah wad

ho a as well as china. david: seven countries releasing a 25-page statement but with issues ranging from the wuhan lab to forced labor to china's military buildup, it's all just a bunch of diplomatic j ibber jabber. the heritage foundation vice president of national security and foreign policy jim caraphano joins me now, and i don't know anyway else to describe it unless you come up with concrete evidence that the jibber jabber is paying off with policy changes from their part from russia, from china. what do you think? >> well i think that pretty much gets to the core of the problem here. the biden administration seems to be really good at finger wav ing and but what's missing is what the russians and chinese actually pay attention was the hard component of hard power that would actually force them to do things differently, so for example, if the president says well, we're going to compete where we left and cooperate where we can and then they say

we're going to hold china accountable and then their example is we'll go back to the world health organization and ask them to investigate the origins of the coronavirus and we're going to demand that the chinese cooperate. david: right. >> knowing, for a fact, that neither one of those things will happen, and that's an example of being tough on china, then it's a joke. here is what i do. tell me one thing from the g-7 that if you were china or russia, and you were sitting there leading the communication you'd say oh, my god, how are we going to deal with this and the answer is nothing. david: and jim it's worse than that. forgive me but i think it's worse than that, because the biden administration already tipped their hand, they with russia, for example, we had this terrible hack against our colonial pipeline, that costs consumers billions of dollars in the united states, it could have been a lot worse, and it maybe a lot worse in the future. what happens right after that? we give biden exactly what he wants with his gas pipeline, in

europe. against the wishes of most europeans with the exception of germany. with china, you have possibly the biggest crime against humanity since world war ii which could be the intentional release of this virus whether it was from a lab or naturally, we know that they released the virus by what they were doing with wuhan, and yet, what happens with the biden administration comes in and they give a free pass to tiktok and to wechat. they takeaway the sanctions that the trump adminitration put on so it looks like we're giving them things even before we begin the negotiations. >> well let me give you another example. putin says well, you have cyber criminals, we'll give you our cyber criminals you give me your cyber criminals and the president of the united states says well that sounds like a reasonable deal. so, we want to ask for a criminal, putin is going to say well the head of the national security agency he's a criminal because he's trying to do that so i want him indicted and sent to russia and the president is

not smart enough to figure out in a nano second he's being played by putin and his own white house has to correct him? this does not give the appearance of people who are on top of their game about really pushing back against how china and russia are impinging on our vital interests. david: but jim you're forgetting something very important that the media is very happy about how friendly president biden is with all of the europeans and how much good press he's getting over there. that counts according to our media, our mainstream media counts for a lot. that's more important than substantive changes apparently. >> well this should really worry you because the most positive powerful thing about the u.s. president is the dopey grandpa image, that he can go out there and be chaun cy gardner and people think that's likable and cute and matter of fact they did a poll that says biden helped make america more popular but when you look at the polls there's

actually less confidence in american leadership. biden remains relatively popular here at home but if you look at all of the key issues, the economy, energy, critical race theory, immigration and the border, inflation, they hate his policies, so the nice grandpa image works well but that's not sustainable as a foreign policy. you know, eisenhower did that. he had this grandpa image that worked well for him because he had some of the strongest, most powerful bipartisan policies in modern memory. there's nothing underneath the biden smile, and as soon as bad guys and good guys figure out they are all just going to play him. david: well you don't have to go back to eisenhower. reagan was a very nice guy and got along very well with tip o'neill and other people in the democratic party but of course a lot of abuse from the media as donald trump did but he had strong policies and that formula seemed to work, hopefully sometime, we'll get around to that again in this

country. jim we've got to leave it at that good to see you thank you very much. so did you hear about this new jersey school board removing all holidays, every named holiday from their school calendar instead they are going to call them just "days off" it's alan effort to be more inclusive. we'll tell you more about this , after our break. >> ♪ 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, n centrum multigummies aren't just great tasting... they're power-packed vitamins... that help unleash your energy. loaded with b vitamins... ...and other key essential nutrients...

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you already pay for car insurance, why not take your home along for the ride? allstate. here, better protection costs a whole lot less. you're in good hands. click or call to bundle today. david: inflation is the talk of wall street ahead of the federal reserve's meeting on tuesday, and wednesday. market watchers david nicholas and danielle demartino booth are here on how traders should be playing it. danielle i'm going to borrow on your expertise with everything involving the federal reserve. is there any sign that they may

cut back on their buying up of debt? they've been spending about $120 billion a month, that's about $1.4 trillion a year in buying up debt to keep interest rates low. might they sort of ease on that a bit? >> um, i think there maybe hints when we see this wednesday's fomc statem ent come out at 2:00 p.m. eastern they are thinking about having this discussion. maybe sometime in the fall, chair powell might elude to it when there's a big meeting in august, if you looked at the recent university of michigan consumer sentiment data, it showed americans are really starting to pushback on super- high nose bleed home prices to the extent that they're not planning on trying to buy today in order to get in front of the prices. they are just pushing back from the market and i think that that'll be a sign of the fed that we're buying up all of these mortgage backed securities that's artificially repressing mortgage rates at a time when americans can't afford to buy homes, you know, so that be a

natural place for them to start tapering back their purchases, at least on the mortgage side. david: well david, people are getting sick of a lot of prices going up, it's not just homes although i think it's right, danielle is right it's the most key price going up but grocery store prices, gas prices, et cetera, it's all going up, and a lot of it we just had a guy who sells chicken for a living in buffalo. chicken wings, and his business is in danger right now, as are tens or hundreds of thousands of other businesses because of rising prices right now, and a lot of that has to do with 9.4 million americans or 9.4 million jobs being unfilled , that is americans are staying at home because of policies emanating from the white house, now, about unemployment checks. hasn't that got an end as well it's not just the fed, it's also some of the policies of the biden administration. >> yeah, david, no question. i mean, input costs are going up , wages are a big part of that a lot of times i think the

expectations have changed. american employers are having a very tough time getting americans that were making under $20 an hour back to work, because really many americans over the last year they've really been getting paid in a lot of ways while working the least amount they probably worked in a very long time. that changes and skews incentive s, so i think the fed obviously they want to maintain stable employment but we have a real issue here about the psychology of the american worker, and whether or not the american worker that entry level job position is ready and willing to get back in the workforce and until we see that we're going to see input costs continue to go up. that's going to affect prices and we're going to see inflation in those areas that are most closely correlated so i think that under $20 an hour worker. david: danielle i'm not blaming american workers. if i had to choose between killing chickens and getting paid more for staying at home with my kids who were stuck at home because they can't go to school because of the school unions, i'd stay-at-home and take the government checks,

wouldn't you? >> well certainly, millions of americans have done this math and millions of americans have decided to make exactly that decision. if you can imagine march, the latest months which we have data, david, we had transfer payments on an annualized basis of about 8.2 trillion almost equal to what was being made in private wages and salaries of 8.5 trillion. that's how much the government has been paying out, so we had four states this last past saturday opt out early of these federal unemployment benefit programs. we've got eight states, this saturday, we'll have up to 25 states through july 19 and then by labor day, when the teacher's unions no longer have a say millions of moms with pour back into the workforce all states will be out of these programs. i'm waiting for that day. david: i'm wondering how many small businesses will be able to last through the summer. they were looking at the summer as a time when people were going to go out and dine outside here in new york, et cetera. i mean, this is a key moment these next two months are key to whether they survivor not, right

>> it absolutely is, because demand is coming surging back and i think restaurants that's what i'm watching closely how do restaurants adapt because my wife and i went out to eat recently and the entire staff almost didn't have a clue what they were doing you could tell they were struggling and they asked us to be patient with the staff because they have to hire and train new staff and it's almost a brand new industry in the restaurant world, so certainly, it's going to be an interesting couple months as demand surges but the supply for labor is really not what it used to be. david: david and danielle good to see you both have a wonderful summer folks thank you very much for coming in. >> thank you. david: parents are pushing back after a school board in randolph , new jersey unanimously voting to remove the names of all holidays from the school calendar instead calling them just simply "days off." fox news correspondent has the very latest on this , a lot of people are mad. reporter: oh, yeah, and if you're sitting at home thinking what in the world is this , well you're not alone because a lot of these parents were also feeling this way too, and it really came out of left field

for many of these parents. last month, here is what happened. last month, the school board members got a lot of backlash from parents for renaming columbus day, so kind of in an effort to makeup for that, they've now voted to change the name of every holiday, christmas, thanksgiving, hanukkah you name it. it will now be called a generic "day off" on the school calendar in a statement one board member said this. if we don't have anything on the calendar then we don't have to have anyone with hurt feelings or anything like that. okay, well, it didn't quite work out that way. video from thursday's school board meeting shows angry parent s yelling, even storming out of there. the school board says, you know, the change is not going to have an impact on curriculum but randolph parent tom tatum was so mad about this , he started up an online petition calling on the school board to accept down, saying they represent everything wrong with education today. >> the overwhelming majority of the township population feels

that they've grossly overstepped their bounds and they are completely pushing their own personal political ideologies, this is just the latest in a series of events where they have completely pushed their agenda. reporter: david the school board really feeling the heat right now, almost 2,500 signatures already on that petition to remove them. we'll have to wait and see what happens. david? reporter: thank you very much. it's going to be very interesting, appreciate it. well benjamin netanyahu out as israel's prime minister after 12 years in power, but he is not going away quietly into the night. more on his shocking final address as prime minister, right after the break. >> ♪

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>> the hardship performing a new government is behind us, and now , the citizens of israel are all looking at us and the burden of proof is on us. david: israel is now under new leadership for the first time in 12 years, after newly-elect the prime minister naftali bennett secured the backing of parliament but is really something that the previous prime minister said when he was going out, that has intrigued a lot of folks trey yingst is in jerusalem with the very latest on this , hi, trey. >> david good afternoon. after more than 12 years israeli has a new trimble, naftali ben it will lead the jewish state, the vote of confidence taking place last night in jerusalem at the israeli parmament and outgoing prime minister benjamin netanyahu was visibly upset in his final moments as the leader of israel.

his supporters even heckeling ben it inside the chamber. netanyahu's final speech directly attacked his successor saying bennett doesn't have credibility or capability to object to the iran nuclear deal. netanyahu also discussed the biden administration and its push to restart nuclear talks. >> in israel, must be capable of saying no to the united states president on matters that endanger our existence, and to back that up with massive action in the congress, the senate and in public opinion, in the the great democracy which is the united states. reporter: prime minister bennett has promised to keep strong red lines for israel when it comes to iranian aggression and his relations with the u.s. do appear to be off to a good start after bennett was sworn in reactions started to pour in from around the world president biden was one of the first world leaders to release a statement saying he congratulates the new leader along with lapete, who will rotate in as prime minister in 2023. bennett and biden also spoke over the phone and the new

israeli government will likely be tested tomorrow for the first time when a flag march goes by the old city here in jerusalem, this could bring tensions with palestinians in the area. david? david: trey thank you very much coming up, a judge just ruling on a huge lawsuit brought on by hospital workers over a vaccine mandate. why this could have a ripple effect all over the country, you don't want to miss this , coming up, next. >> ♪ life changes, you can't just stop it ♪ among my patients i often see them have teeth sensitivity as well as gum issues. does it worry me? absolutely.

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david: novavax just announcing its two-dose covid-19 vaccine is showing a 90.4% efficacy rate in late stage trials. jackie deangelis has the latest on that, and more. hard to get better than that, jackie. reporter: good afternoon, to you , david that's right so it looks like we'll have another vaccine to fend off this covid-19 virus and of course, novavax has been working on this for the entire time as well, but it's one of the later entrances here. the company says its two-dose shot as you mentioned about 90% effective and also says that it's effective against variants and that's very important.

at least where they tested it here in the united states, and mexico. it's easier to store than some of the competitor shots too. the ones that do two doses. now, demand for shots has dropped here in the united states, as we've gotten more than half our population that has at least one dose, but of course, the rest of the world needs vaccines, india is particularly plagued by covid-19 at the moment and also, in the uk, boris johnson, he's delaying that easing of lockdown restrictions in england because of the delta covid variant so that's something to think about too. "varney" had the ceo of novavax on this morning listen to this. >> so we've signed up to make 1.1 billion doses for the covax , along with our partner, serum institute of india and they are professionals at getting vaccine out to all of the low and middle income countries. reporter: so a clear directive to get it out across the world and the more vaccine there is the easier it will be to do that , and i want to bring this to your attention too because it's the first federal

ruling on vaccine mandates. a houston judge dismissing a lawsuit by 117 hospital employee s who declined the covid-19 vaccine. the court holding up the hospital's mandate on employees getting vaccinated. the judge said this , "if a worker refuses an assignment, changed office, earlier start time, or other directives, he may be properly fired. every employment includes limits on the worker's behavior in exchange for his remuneration." that is all part of the bargain thought that's interesting because this could set the precedent for what's to come david: you wonder how many other offices will insist their workers get vaccinated. good to see you jackie thank you very much. joining me now on this and a lot of other subjects former health and human services secretary dr. tom price. doctor great to see you. first of all, let's talk about this new vaccine, 90.4% effective. i mean, it's just extraordinary how far this comes and yet, the president wants to give up

the secrets, if you will, the patents for these new vaccines to the rest of the world after they spent billions of dollars on them. i know the u.s. government has spent billions of dollars as well developing this , but the genius of our private enterprise system is undermined when you give away the patents for which these companies have been putting out billions of dollars in discovery. i mean, is it really necessary with yet another vaccine coming online that we give up the patent rights to these vaccines? >> i don't believe so, david. this really is good news, it's exciting to have another vaccine coming online. it's important to appreciate that this vaccine has a different mechanism of action. it's not like the messenger rna of pfizer or moderna, or like the astrazeneca and j & j so this is a different vaccine helps to make certain we can get more individuals vaccinated, not just here but around the world. in terms of waving the patent right, that doesn't make any

sense at all, because what we'll do is then incentivize the companies, pharmaceutical companies, not to get in this business anymore, and that's a bad idea. obviously, this public-private partnership that's been put together to make certain that we have the number of vaccines that we need for yes, the united states, but also for the world, is incredibly important. the government can't do it on its own, and they ought not be changing these rules. david: let me just ask you specifically, then, doctor. if in fact it was up to the government to come up with a vaccine for covid a year ago, do you think they would have succeeded with the same speed and efficiency that operation warp speed did? >> i don't believe so. look it's a partnership, and the novavax vaccine, your listeners will point out some of your viewers will point out they received $1.6 billion from the federal government. that accelerated their ability to do what they've done now over this past year, to make certain that they are able to come on line with a new vaccine, but the

government isn't in the business of manufacturing pharmaceuticals and private business, private business is much more flexible, much more adaptable, much more able to respond to the needs of communities, yes, but also, to the changing dynamics. david: well let me ask you a more pointed question. so therefore since the biden administration is more into government solutions to problems , do you think that if we god forbid are faced with another pandemic that they will have difficulty coming up with vaccines in the record time period that warp speed did? >> well, if they go forward with this waiver of the patent authority, then, absolutely. without a doubt, because you won't have the kind of companies , pharmaceutical companies, that will want to engage in this way if they're not able to, not just recoup their costs but be able to derive benefit from it for future research and development. david: yeah, let me ask you about this court case i mentioned briefly, the texas case, where health workers are

now going to be forced to get a vaccine in order to keep their employment. what do you think about that? is that fair and if so, will it translate into other businesses as well? >> well it remains to be seen but i think in the health arena, in healthcare settings, where you have oftentimes compromised patients and the like, that it makes sense, and i didn't know about the case until i read about it today, but i think it makes sense. now whether or not that translates into other businesses i don't know and whether or not that judge or the courts would allow other businesses to be able to do the same remains to be seen. david: but what about folks who had covid, maybe even had the antibody treatment as i did, the regeneron, don't they have enough antibodies in their system so they don't need a vaccine? >> well, it's a great point, and it may be that this needs to be nuanced a little more, so

that individuals who have immunity to covid and aren't going to be carrying the virus, and they can prove that, you may have to be able to prove that through antibody tests or the like, then they maybe individuals that ought not be required to have a vaccine. david: dr. price good to see you thank you for coming in appreciate it. well, morgan stanley ceo james g orman saying in a virtual conference today he's going to be "very disappointed" if workers don't find their way back to the office after labor day. now gorman vowing people thinking they can be paid new york rates and spend most of their team elsewhere doesn't work. we have more cavuto, which does work, right after this. >> ♪ ♪ ♪ (upbeat music) ♪ ♪ ♪ ♪ ♪ ♪

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