[music ends] stuart: which finger is responsible for 50% of the strength in your hand? the answer is your pinky finger. in america. that would be your little finger m america it is your pinky. we got it just in time for neil cavuto who is there. neil: thank you for resolving that. we're following the markets. the dow a little bit soft today. nasdaq looking at another record, an item crossed wires, we'll pursue a little bit later, the great bet back to work. morgan stanley is a big investment firm making it official, once it starts the full reopening process and workers return to new york city

offices they better be vaccinated because it will only allow back workers and clients who have been vaccinated into their building here. this of course in the first wave of higher hire back july 12th. others are hinting if you don't have proof of your vaccination it could delay return. morning morgue first to say if you don't have the shot, you won't be able to physically get back in the building. we're pursue that more. we follow economic numbers and inflation worries, all of that, pretty much easing the initial concern we had yesterday on an inflation tear that jerome powell tried to tamp down a little bit saying this too shall pass. that collective view holds. the 10-year treasury, well under 1 1/2%. remember that yield would be jumping if fears were pronounced. they are not out there yet. a number of fed officials have

been pouncing on this theme they might move on this inflation if it persists but they're not moving anytime soon. the sense to be right now, 2023. jackie deangelis, picking up on all the data that supports or doesn't support that point of view. reporter: i call today's trading choppy. upside on the nasdaq. the dow lower. let's get into economic data. the markets definitely factoring into the consideration. manufacturing pmi for june, it was better than expected, at a new high in fact. but services pmi missed the mark. it didn't increase as much as market was hoping for. there was room to improve. we saw housing data revealing there was a surprise drop, a drop in home sales for may. april numbers revised lower as well. the housing market appears to be cooling off just a touch. switch gears, look at bitcoin, we've seen so much come off the price of bitcoin, it's a little

bit higher today, over 33,000. mark cuban is now saying on twitter that bitcoin is better than gold, despite the fact that bitcoin's price has taken this kind of a hit as of late. in a tweet cuban said in part, no worries about storing it. easy to transfer. easy to trade. easy to convert. doesn't require an intermediary. can be fraction alizeed. those are the reasons why he likes bitcoin. look at the tech stocks today. there is a little bit of a mixed outlook there. you have facebook and alphabet higher, amazon, apple, microsoft they're trading lower. despite antitrust issues. nasdaq was up on the upside. six bills will be debated in congress. they are worried about being broken up and are groups are wary, that the consumer services provided by big tech and they're

key for small businesses and making some sweeping changes would actually harm the market overall. this was the year, virus, we're moving past the coronavirus. this is the year that antitrust, big tech, issues will be in focus on capitol hill. neil, we'll have to watch and see how they play out. neil: jackie, thank you very much for that. we're keeping an eye on oil by the way t continues to sprint ahead a little bit north of $73.60 a barrel. that is west texas intermediate the most quoted energy figure in the united states. abroad they look at brent north sea crude that is richer than that. the energy secretary is testifying on capitol hill today. hillary vaughn with more on that. reporter: neil, climate activists calling a minnesota pipeline project line three, the keystone sequel because after successfully killing keystone x. are, activists want to do it again shut down line three. if they are successful, that

would cancel the prospect of thousands of good-paying energy jobs. line three would have the capacity to transport 760,000 barrels a day. compare that to keystone that the biden administration shut down. that would have pushed 830,000 barrels. they both would employ thousands. so i asked secretary jennifer granholm today on the way into the hearing about the project. what her message is to the line 3 workers already on the job? >> does the administration support the line 3 pipeline project in minnesota? >> i'm not going to comment on that. >> do you have a message to the 500 native-americans that are worried they're going to be losing their jobs? >> can i -- >> do you have anything to say to the 500 native americans that are worried they could be laid off? >> i'm happy to take your card. >> can you assure them they have a job? grand home moments later in the hearing doubled down on the biden administration promise to

give displaced energy workers a green job, in exchange with senator john kennedy he told her there will be people losing out of a job because the biden administration climate goals. she said the administration has a firm commitment to the communities to help them take advantage of the economic opportunity that their climate goals present but there was a native-american businessman on "fox & friends" this is morning. he involved in the project. he is doing construction on the project. he told fox this morning that the climate activists have been littering and damaging their equipment. he said, it has been a lot of white people showing up to protest a project that he as a native-american and those within his tribe and community are currently employed by and benefiting from. neil? neil: hillary, one of the original line. i'm happy to take your card. that is one way of saying no, i won't talk to you now. maybe later.

give me your card. hillary vaughn, great reporting on all of that. we focus on energy price what is is happening because the last two big inflationary spirals we have dating back to the early 1970s and late 1970s. they started with oil. those of a certain age might recall the long gas lines, 1973, was the first big opec oil embargo. that was under richard nixon. started with oil. extended to a whole hot of other stuff after that. a few years later opec was after it again, that quickly weren't from the pump to the pumping up prices on almost everything else. then slowing things down as interest rates were spiked and all of sudden we were dealing with a slowing economy. with higher prices what they famously called stagflation. could that be happening right now? most experts say know. experts were saying that in both of those crises. we go to connell mcshane all of this. scott martin, kingsview asset

management. interesting when you look at the history of inflation and some of the more serious spikes we had, it did start with oil. it extended to other areas. there were other foreign developments to keep an eye on, be fair and sure. oil at the center of it. what do you think? >> yeah. a lot of foreign reliance back in those days, neil. i do remember. i read about them very extensively thank goodness. for the most part. just had to throw that out there, just to remind you. reliance, we're relying on other foreign countries to provide oil and supply to us. nowadays, depending where the administration stands, what administration is in power, less reliance on that foreign relationship. the other issue, if you look at production in general, of things out there we use every day, oil is such a big part of so many things that go into what we use and what we have on our daily

lives. so when you have a spike in oil prices like we've really seen frankly over the last several months, it does still bring up that fright of some of those days in the '70s, when oil prices went up markedly, that affected final prices of goods at the consumer level. neil: think about it too, connell, we have much faster markets. headier markets that change on a dime, a lot of dimes at that. reaction can be swift. it can also be you know, headaches. i'm just wondering now, localized as this is under energy front, some other pressures for example, on food related items, eased a tad. when you're going around the country are higher gas and emergency prices? >> for now they're a big factor, one of the many areas that you see rising prices.

that same book scott read about the 1970s, when you look back on that time, realize there were mistakes made on the policy front. we have to rely on the federal reserve jay powell make mistakes that the arthur burns federal reserve made back then. powell has been speaking in recent days been adamant that they are going to avoid having history repeat itself. one thing, some of those numbers we flashed up a moment ago speak to the argument i think is the reason why the so-called experts don't see this as a huge problem yet. you can really make a logical argument that this is a temporary spike we're seeing in prices. think about, you know, we've been traveling a lot for you know, reporting on number of stories. it is tough to get a car right now, car rental. there is a shortage there. there is a shortage certainly of workers that maybe gets resolved later in the year. shortage of computer chips reported on over and over. some of the shortages that we're seeing will likely resolve themselves over time. so the idea of the higher prices

and energy markets spreading all over leading to long-term higher prices across across the board s seem to be less likely. that is what jay powell is talking about. hopefully he is right. neil: we've been also following bitcoin. that is a proxy. things get a little tenuous, a little dicey, people can flood to bitcoin as they flood to gold. mark cuban comes along, says, scott, as things stand now, bitcoin is better than gold. he is a pretty successful investor in his own right. he is not giving up on it, even with the whipsawing. what do you make of that? >> if you have got mylanta handy, bitcoin is okay. bitcoin is crazy. look at some of the movements overnight, neil, in bitcoin the last few days, it has been wild. we like gold better because it is less volatile, i believe it is a little bit more reliable from a price standpoint. but look if you're up for some of the volatility that stands to reckon in bitcoin, great.

you got to buy on some of the these dips. you have to buy like darkest before dawn of bitcoin. of declaration as gold is against government policy in this case. all the printing going on. all the spending going on in d.c. tax policy, coming down the road here. asset classes like bitcoin, like ethereum. like gold in our opinion which we own, those are asset classes to hold in your portfolio as a subsequent hedge to further erroneous government policy sure to come down the road here. neil: you know, this battle, you know, back and forth with the bitcoin bulls versus the bears, obviously great deal is predicated on having and it available, having it readily available. i guess, connell, when china cracked down on mining, even cracked down on countries that do mine it and explore for it, that there was thinking here, well you might not be able to get your hands on it anyway. i would always think that would help the underlying bitcoin

arena. all the cryptocurrencies. it would be a limited amount of supply, for which is a considerable amount of demand. i haven't seen that part work out though. >> it might though over the longer term, right? the laws of supply and demand shouldn't change but it has been interesting to see what has been going on in china. that is certainly part of the battle we'll see back and forth. maybe not as reported as it should be geopolitically between the united states and china over these crypto miners. that will probably continue. i mean broadly speaking, scott's the investment guru among us, don't even attempt to play one on tv. having idea of having at least part of your portfolio in some alternative invests doesn't seem crazy depending on risk appetite. you know you can make a decent return in bitcoin, won't go away. having some portion of the part portfolio taking chance, even if you end up being right on the

supply and demand front long term. neil: i like to put all my kids education money on the line with bitcoin, for the hell of it. if this works out kids, it will be great. if it doesn't, your mom and i will have a party. guys, don't go away too far. i want to touch on you with what is happening right now globally and reaction right now to various vaccines. one thing we are following is the delta variant you've been hearing so much about. reporting 10% of the new u.s. cases up to 20 plus percent. new cases are still very, very low. you know, if you skip around the globe, they represent 90% of the new moscow cases there. majority of new cases popping up in israel. so could any of that over there be a worry for us over here. ♪

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kamala harris, plans to visit the u.s.-mexico border this week. we don't know when this week. we don't know where she will be going along the border but that she is going to the border. there is some criticism of her going to guatamala and mexico she went everywhere but. she said that trip was about finding source, origin of this border problem we have now under intense political pressure to get there herself. all we know sometime later this week. we'll keep you posted. keeping you posted on the cdc panel meeting as we speak to discuss some of these heart-related inflammation issues popping up in some, i stress some vaccinated teens. steve harrigan with more on that from atlanta. hey, steve.all right. i think we're just having some audio issues with steve. but i do want to touch on this with dr. kevin campbell, cardiologist by training.

as a cardiologist, doctor, what is the issue here with these youth is it a big one, worrisome, what? >> actually it is pretty small. myocarditis is fancy word for inflammation around the heart muscle in the sack around of the heart. it occurs very rarely in the general population. in fact those who received a second vaccine of either the moderna or pfizer we see it in a little bit higher rate than the general population might expect. again all of these cases have been self-limited. almost all of them have full recovery. the risk of myocarditis is certainly not greater than the risk of covid based on the available data. neil: you know people will hear this sort of thing, doctor, particularly young people, resistant to getting the vaccine in the first place, that is another reason why i shouldn't. what do you tell them? >> you know, myocarditis first of all is very, in the cases

that we've seen, again this is about 16 cases her million doses after second vaccine in just the 16 to 39-year-old age group. this is pretty darn rare n all of these cases with rare exception, almost awfully recovered after going to the emergency room or maybe average hospitalization was three days. i still think getting a vaccine makes more sense. i advise my friends and colleagues the same thing. i have a 20-year-old that was vaccinated and i think the benefit of vaccine outweighs any remote risk. the american heart association agrees with me there. neil: now what about leaving it at one vaccine shot? you know, not the j&j which is a one-shot deal? would you advise those young people who had one shot to leave it at that? >> absolutely not. we know from the data, particularly you were just discussing the delta variant, that those that have two doses of either moderna or pfizer seem to be pretty well protected

against the delta variant. those that only get one dose, they tend to have, it is about 60% effective. which is not enough. this covid is no joke. it is killing people, young people, old people. i think that the risk of myocarditis which is short-lived, in most cases we've seen is quite treatable and reversible doesn't justify missing a dose. neil: we talked a little bit about the delta variant or you did in citing concerns that have been building. they represent 20% of the new cases being recorded in this country. dr. fauci says it's a big worry to him? is it a big worry to you? >> what we found as i said, our vaccine we've all had now seems to be pretty darn effective, 88 to about 92% effective against the delta variant. now that delta variant, what it is going to do, the folks who have chosen not to get vaccinated, i think you will see major outbreaks, concentrations and cities where we don't have

high rates of vaccination. in that respect i am worried. the unvaccinated is what worries me. i think we've done a pretty good job getting folks vaccinated. we need to figure out how to get the holdouts to get vaccinated. neil: you hear anecdotally, doctor, those fully vaccinated, two shots, what have you, getting covid themselves. i believe in massachusetts 4,000 such individuals. none of it appears to be overly worrisome. their cases appear at least to be mild. but, what do you make of that? is that, small as it is, a possibility? >> no, we do see cases of reinfection in vaccinated people but what we know it is a tiny, tiny percentage, number one. number two, because you're vaccinated your body already responds to the virus and tends to fight it off more efficiently. we see the cases to be much milder. we do know from all the data in

those cases they're not hospitalized or dying of covid. it is akin to the flu. the flu shot is not nearly as effective as the covid shot is. it is 60 to 80% depending on the strain. people we see get a flu shot, have a less severe disease. often don't end up in the hospital with influenza or pneumonia. vaccine is absolutely critical to protecting yourself and your family. neil: thank you, doctor. appreciate hearing all of that. you're a very steady guide for us, especially tv anchors who tend to freak out, i don't know, like me. thank you again. meantime doctor is wrapping up here we got confirmation from india, it topped its 30 millionth case of covid. that is second only to the united states. but india, although things have improved there. not enough to slow the momentum of these new cases. now 30 plus million strong in

india. russia is not that far behind india. we'll explore that a little later. also exploring what life is like under the skies. people are flying right now. having nothing to do with covid and everything to do with people who are just living on short fuses and getting very, very arrangery up there. why flight attendants and pilots alike are saying, you know, this is out of control. better control it. that is a fair way of saying you better control it. ♪. stay restless, with the icon that does the same. the rx crafted by lexus. lease the 2021 rx 350 for $449 a month for 36 months. experience amazing (vo)t your lexus dealer. while you may not be closing on a business deal

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>> we don't stand up it will only get worse. [shouting] >> don't you dare try that!

neil: ain't life grand? these are the stories you see and hear about, see video, they are few and far between. by and large most people behave themselves, most flight attendants, pilots involved, try to keep the calm. these incidents are spiking here. and a lot of it just has to do with the fact that it is crowded again. a lot of people are flying again. nerves, they can get sort of tested again. sara nelson back with us, flight attendants association president we need to do something about this. better polices of this sort of behavior might be the answer. sara, good to have you back. how would you do that? what do you think has to be done? >> first of all, neil, this really has to be about clarity, about what is expected. to go what we are asking is for the doj to actively and publicly pursue these penalties, these federal penalties, so that people understand what the consequences are. it is also another means to be

very clear about what the rules are, why the rules are in place. the faa has been enforcing those fines and people have been fined extreme amounts of money, 35,000-dollars for each incident up to that. and we, would really not like to see people going to jail from our planes. we would like to be clear why the rules are in place, what happens if you don't follow them. air travel just doesn't work if we're not all following the rules. neil: not that this happens all the time. i'm not blaming flight attendants, i remember one incident a couple with a young child, two years old, whatever, that child was very resistant to wearing a mask. they kicked them all off the plane. i'm thinking to myself there has to be a better way to handle something like that? >> so i think actually flight attendants do a really good job of de-escalating situations and using their judgment on these things. i think a situation like that is probably a very gray area.

i'm not sure what all was involved there but typically flight attendants will be able to assess that with a human perspective, right? be able to manage the situation. the rules are really clear. so if it seems that people are actively trying to break the rules, then that's a problem because it puts everyone else in jeopardy. the mask policy is still in place in transportation because there are children who can't get the vaccine yet. and, people who are vaccinated are likely not going to end up in the hospital but they can still carry the virus and transmit the variants. so in order to stop the spread and end this pandemic that has disrupted all of our lives, that mask policy in transportation still in place. a lot of the of the flight attendants enforcing rules don't want to wear a mask around may have very different view of mask. when they come to the plane door, they are charged with a level of safety and give

instructions totraveling public and have to be clear to everyone. a lot of times, neil, people don't know what is expected of them. they're asked to do something or they have been told this is an area of conflict when it is really just about everyone following the rules so we can travel together safely. neil: all right. now the masks are required on flights, right? so as long as they are required on flights i can imagine we'll probably see more of this. masks seem to be the source of a lot of this. obviously the crowded conditions, people getting impatient, there are delays, i get that, invariably goes back to the darn masks. what do you think? >> masks have been sort of talked about as a point of conflict in the country. i think they are absolutely sometimes can create that conflict and sometimes it is someone who is upset that someone else isn't wearing the mask who is the aggressor, right? so we are charged with de-escalating that.

what we say to passengers, seeing temperatures start to rise. ask for the flight attendant health. if we get to that situation sooner we have a better chance of de-escalating that, all of us having a safe flight. i really appreciate what you said at the front of this segment, this is a rarity. it is absolutely spiked. it is an epidemic and take it seriously to be very clear with people, get it calmed down but most people come to the door of our airplane with kindness in our hearts and want to have a safe uneventful flight. they have to undress to get in the workplace. they can't bring guns or knives. they have to put seatbelt on, it is safety for everyone around them. following the rules something they have to do in this space to be able to do the magical thing which do up in the air. we need to be very clear with people about that. also encourage people to lift up helpers. everybody at a stress level 10. everybody needs a little help right now. be a helper.

let's encourage people to be nice. neil: well i have very little patient for the dude in front of me who sets his chair all the way back. that is the person should throw off the plane whether in the ground or up in the air. if you solve that problem, we're off to the races. very good seeing you again. >> thank you, neil. we have to de-escalate that one all the time. thank you. neil: it is a big one. man, oh, man. sara nelson, flight attendants association president. we're following a couple developments in new york. we have a weird mayoral contest now. we may not know the results for weeks. they have tiered voting structure. it is very confusing. what it means results are delayed. what we do know, crime was number one issue for voters on the right and the left, after this. ♪

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neil: y kno swe s don't know for sure who won new york'' terd, particularlynly t t de where3candesnderndereompe c bue ve a prettrettoooodeade right at fhe f time-beinge-e-ri ec s,s, 20-0-0-0-icol fe force veteran has the t t tnd lnd migt be h to beat. we know as well the big issue primary as wel whatha thehe democratdeic primary what is gss r now with crime in thecity, tt of control would probably be an understatement. it was and remain as big issue. aishah hasnie in new york with more. reporter: hey, neil. you said it ain't over until it is over. what a surprise out of the primary day so far, with that

progress i have who wants to defund the police, edging out some more moderate democrats. look where we stand this morning. as you said rank choice voting sort of delaying those primary results. right now eric adams has the strong 10 point lead of first choice votes. he is a former nypd captain. he ran heavily on fighting crime. he does not want to defund the police but in the number two spot, neil, maya wiley. this is a very interesting pick because she is a progressive to wants to defund the police by a billion dollars. it is totally possible, neil, she could take the lead here. here she is last on chances to take this from ad cams. listen. >> every single vote will count. [cheers and applause] every single new yorker who voted will count. [cheering] 50% of the rank choice vote has

not yet been counted. reporter: she is talking about the absentee ballots that won't even begin to be counted until next week. now wiley edged out andrew yang and kathryn garcia, yang conceded last night. he was early front-runner because of the national name recognition but he lost steam after being asked questions about new york city. curtis sliwa, former mayor rudy giuliani's pick won the republican primary. we may not have a official democrat nominee until july because of this rank choice voting system. neil. neil: it is interesting, can andrew yang run a more disasterous campaign? he was the favorite and imploded, you know? reporter: i didn't hear you one more time.

neil: i apologize, but the yang complete melt down from the lead that he had early on when he announced, and then he just disappeared, ended up quitting today, just a staggering, staggering stunner. reporter: yeah. there was a lot of questions too. there was some gaffs along the way. you know took a subway towards one direction and people were questioning whether even knew if he was on the right train. he admitted even last night that he wasn't familiar with some neighborhoods in the city. he admitted that in his concession speech. so new yorkers, i think just wanted someone who knew the city, knew how the city worked especially as we come out of this pandemic. neil: all right. asiah. thank you very much. that is big issue for new yorkers. how that figures anyone's guest. california congressman john geir

garamedni. congressman, we're told the president will focus on guns than other issues, republicans say sporadic violence in cities without or without guns. they feel he is not doing enough on that front, what do you think? >> he is doing enough on every front when you think what he has been able to do in the last five months. got this pandemic under control and we are reopening our basically, the entire nation and that puts people back in the streets. puts people back into stores. people that were locked up literally in their own homes are now out and about we would expect to see more crime as a result of that. certain live we need to be concerned about it. but i think what the president is focusing on are the horrific mass shootings that have been just going on across this nation. day after day after day, way, way ahead of anything we've ever

seen in the past. i think that is what he is going to be focusing on with regard to guns. with regard to the crime situation, people are out, compared to last year, everybody was, you know, at home. neil: well, while they were at home of course the floyd killing and the rest. we were seeing a lot -- >> certainly. neil: a lot of violence. across the country. by only looking at the one side guns and ignoring provocateurs who could have used events to launch crime waves themselves are we missing something, congressman? >> we do know there is domestic terrorism. we know there is domestic terrorism on the right as well as on the left that needs to be dealt with. this is a very serious problem across this nation. we did see a lot of that last year. hopefully it will diminish. january 6th was probably the worst example of domestic terrorism this country has seen,

well perhaps forever, when the insurrectionists tried to storm the capitol to stop the processes of our constitutional election and our constitutional democracy. so yes -- neil: but these are widespread, right? these are widespread, right, congressman? whatever happened on january 6th, you're quite right it got out of control. i'm beginning move some in your party, to defund police, alternativeses to police. if new york is any example, sir a lot of people said there, i'm worried about my safety. the city welcomes back people, their number one concern isn't whether they will get the virus but whether you know, they will be hit by an errant bullet. it is that bad. get i don't see that being discussed? >> well, it certainly is discussed. it is discussed in my community. it is disdiscussed across the nation. it will be discussed as we put

together appropriations necessary to support police activities around the nation. neil: do you think we should be defunding police, congressman? are you in the camp that says defund the police? >> no. absolutely not. we should not defund the police. that is, would be a serious mistake. that is not a democratic party platform. sure there are folks on the far left of the democratic that have been saying that, but that is not where the democratic party. that is not where our congressional gel mitigation -- delegation is. policing we know is far more than policing in the street. we know we need to deal with all kinds ever mental health issues, which are one of the more common things police deal with. we need to deal with all sorts of social, economic issues. that does not mean we defund the police that means we put resources there where necessary to address whatever what everybody may be the problem in an individual community or perhaps in a state. but no, we do not support

defunding the police. neil: all right. congressman, very good seeing you again. be well, be safe. >> always. neil: congressman garmendi. i don't know if you've been following the vegas is back. a new casino in a decade. 4.3 billion. it has seven pools. i wonder if they have a breakfast buffet? after this. ♪. you packed a record 1.1 trillion transistors into this chip i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you become an agent of innovation with invesco qqq keeping your oyster business growing has you swamped. you need to hire. i need indeed. indeed you do.

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>> welcome back to "coast to coast." i'm gerri willis. just in time for the hottest part of summer. guess what? shortage of air-conditioning parts. like this one. this is actually a circuit board for an air conditioner. it is the brains of the air conditioner. they're in short supply. we're in amhack. east chester, new york, premier air installation company. they let us here to show you things in short supply. this is sheet metal.

they might order 100 pieces. only get 60. you have the engine. the capacitor, the coils. copper on here. raw materials is in short supply. if you want to make the ac more efficient, put in a new filter. guess what you might wait four to six weeks for that. i'm here with pat morano with the company. he will talk about demand. that is part of the story. there is high demand right now. >> very high demand. due to the pandemic, a lot of people spend much more time in their homes now. you know, air-conditioning and air quality is very high. reporter: why were the parts so hard to get in the first place? what caused that? >> well it was the supply chain. it has been lack of labor, lack of manufacturing, lack of raw materials, all due to the pandemic. to top it all off the shipping. reporter: it was hard to get truckers. as we have heard so much, i just want to mention here, that you

know, during covid all these plants shut down actually. so you didn't get any product to set up for the summer. this is a very seasonal business here. as i send it back to you, neil, i want to mention, these stocks have been on fire this year. you've seen companies like trane, carrier, up 20%, 40%. so it has been good news for the stocks. not so great news for companies and especially clients who want to get the acs in as soon as possible. neil, back to you. neil: gerri, thank you very much. making sure you have air condition something a big issue in vegas where temperatures later this week will be hovering around 110 degrees. it is a dry heat i'm told. that has not stop ad $4.3 billion megacasino opening up on the strip. the first opening in the better part of a decade. scott martin to comment on that. connell mcshane as well.

the demand in vegas, rooms have been prebooked. that says a lot, scott. what do you think? >> it does. if that is an indication that the three of us are going to get our annual vegas trip back on the schedule, hey, i'm all for it. here is the other thing, maybe that was somebody else, make you got us confused with somebody else. but -- neil: varney. >> varney. it was easy to confuse it especially late at night. look how venues are filled. look at excitement surrounding the nba, nhl, mlb. of course the nfl seasons will have full stadiums out in the fall. vegas is coming back in a big way. sin is back in. the fact we have all these sports now getting really exciting in some of the games, especially last night with the phoenix-l.a. game, those are reasons that vegas is back with a vengance. probably back bigger than it was before the pandemic. neil: all right. so apparently these were all sports references you were

making. connell, what do you make make of what's happening there? you've been going around the country more than any other anchor or business reporter, you've seen it yourself. but in vegas they were stopped. there were no business conferences crowds, they sorely need this, don't they? >> they're almost back. the last numbers that we had were from april, a few months ago. they were at 73% of their prepandemic levels. with over 2 1/2 million people going back to vegas. certainly as we move back into the fall, we'll be back where we were. on domestic level vegas is where it needs to be or even above that. two challenges that remain. one are the business conferences. they started to return. but that will be slower, right? a couple reasons. one is the pandemic. a lot, especially big businesses realize they don't need to spend the money on those types of conferences anymore. you might not need the attendance you saw in the past. other thing for international visitors. despite what you hear for

scott's propensity when he hits vegas. international visitors, are the real high rollers. they need them back as well but on the domestic side -- neil: they need to get them. quickly we're learning the vice president will go to the mexico border it is friday now. it is friday. more after this ... to run a growing business, is to be on a journey. and along the ride, you'll have many questions. challenges. and a few surprises.

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homeland security secretary mayorkas. reuters is now confirming a story that first broke on politico, the vice president has come under enormous criticism and pressure after visiting guatemala, mexico and never stop at the border and see for herself what was going on there. a number of border officials have been urging her to see for herself how bad this problem has gotten, but again, it is set for friday, we don't know the rollout on the exact timing of events but she will be there on friday, as will fox and fox business, monitoring what she says and what she does. all right, in the meantime, following some other developments and watching them as we speak the house judiciary committee is looking at no fewer than six bills aimed at reigning in big tech particularly companies like amazon and apple, facebook, google, among others. chad pergram on where all of this is going. chad? pete: good afternoon, neil. democrats and republicans don't agree on much except one thing, they see big tech as the villain

that's why the house judiciary committee is prepping six bills to potentially slice and dice big tech companies. >> i don't think there's going to be anywhere near a majority to breakup the large platforms but you can regulate them, you can find them for bad behavior, you can impose conditions on the way they operate. reporter: lawmakers say big tech overwhelms the public, and oversight is lax. >> republicans and democrats agree on an overwhelming basis that these companies have too much power, and that congress must curb their dominance. reporter: democrats believe big tech promotes dangerous ideas, which harm them politically. the gop asserts big tech is bias and impedes free speech. >> it was just a couple summers ago that twitter shadow banned gates, meadows, nunez jordan and of course they tried to say it was a glitch in the algorithm. i'm thinking four conservative members of congress who were

focused at that point on the whole mueller investigation, the trump-russia investigation. reporter: house minority leader kevin mccarthy called the firm's monopolies and said they should be broken up but it could be a problem to pass these bills if the sides don't agree why they dislike big tech. neil? neil: all right, chad, thank you very very much. if this is hurting stocks they have a funny way of showing it, microsoft not part of this ca ball against big tech at another all-time high so the other stocks that dominate the nasdaq, particularly the technology ones, continue to advance and nasdaq itself is at a record. susan li has been monitoring all this and the effect this could have down the road. susan? reporter: well i'm hearing basically from the investment community right now is that you have to really find a balance between protecting fair competition and of course regulation, but then you also have to recognize that this is part of american innovation. ten years ago we don't know that we needed social media like facebook, ten years ago we

didn't know that we needed an iphone so these are the big techs that have really created this industry and the large companies in the u.s. , market right now, so you heard yesterday from the most famous venture capitalist and he said there has to be a balance between public and private because in america right now it seems like the public sector hates the private sector. do you think that's happening in china? no, in fact you have the government supporting private enterprise and we have to at some point stop machine gunning ourselves so that's the talk and i heard from apple and they say look there's a balance here of yes, promoting fair competition but also promoting privacy and security and that's what we do for our users. neil: oh, i'm sorry i thought you were throwing to a bite. >> no, my apologies. neil: there you go, no, no, good job as always susan li on those developments. she showed you not all of the technologies, the nasdaq and the aggregate dominated by these

names, still doing quite well. in fact in record territory. we'll keep an eye on that, just as we're keeping an eye on inflation, a quick look at the 10 year note which is sort of a convenient gauge that the markets are getting concerned about that well under 1.5% despite the up-tick in oil prices, now oil over $73 a barrel, but interest rates are holding steady right now, even with that run-up. what does art laffer make of that the former reagan economist , and advisor to donald trump, many others, big fan of bill clinton so he's a bipartisan sort of a small government guy, and a big tax cut guy so art, great to see you are you worried about inflation? >> good to see you, neil. not really, i'm not. i don't see any of the indicator s that the president told me that inflation is coming back in any type of major way. gold prices are not soaring or rising. the 10 year bond yield as you mentioned is below 1.5% if you look at the dollar and the

foreign exchanges it's mildly strong, so all of the macroeconomic indicators tell me there's really not an inflation problem. now we have seen a lot of the spot commodity prices rise but as chairman powell said, i think yesterday, you know, this is a one-time blip and it looks like it's going to be over fairly soon. that's what i would guess it to be. now, inflation is not something to poo poo. it's something very serious if it were to come in, it be dangerous. neil: you know what? you're right to say the focus on inflation right now might be a bit overdone here, because i think a fairer representation is to compare prices to pre-covid levels, not during covid. >> that's correct. neil: everything virtually stopped so obviously we're going to look at that and see a noticeable up-tick in activity and the prices that go with it. i get that, but do you think the fed when it talks about this being transitory, it's thinking in terms of months or

a year? >> i think they are talking about months, not a year. i mean, if it's a year, it's really a long period before this bubble goes through the system, so they have to be talking in terms of months and some of the number, neil, do raise an alarm. i mean, when wages go up it's really hard to imagine wages falling back down again. some of these other products as well, housing prices, housing prices really are lowest they've dropped so the sharp rise in housing prices is much more emblematic of a problem. wages and housing prices don't tend to be just cyclical and pop-up and down and they tend to be permanent once they take a new hold. neil: and usually, usually, they start, at least the big inflationary scares we've had in this country in the 70s the early 70s with the oil embark o, when richard nixon was president, late 70s when extended way beyond the oil embargo, when jimmy carter was president but they did start with oil. this seemed to start with oil as

well but you think it ends there. >> well, i do. i mean, if you look at the 70s the real price increase was in gold. gold went from $35 an ounce to $900 an ounce, there's nothing even close to that in the scenario here. now, gold and oil prices in the 70s were linked very closely , if you'll remember. you had a very sharp surge in oil prices and in gold prices, but that's just not happening today. i mean, we do have a rise in oil prices, that's true, and gold is not at its lowest ever but there's nothing like the 70s in these numbers that i've seen, nothing. neil: so obviously, that would give the federal reserve some breathing room. we do know exactly how paul volcher under jimmy carter tried to deal with this inflationary threat. he would raise interest rates rather dramatically one full point at a time. do you think we would ever have to see something like that? >> well, just remember, i mean, when we took office on january

20, 1981 the prime interest rate in the united states was 21.5%. that was the prime. mortgage rates were double-digit s so a very very different world than we had back then. paul volcher was a hero beyond a hero. what he did to bring inflation back under control and be a partner of ronald regan to create the greatest prosperity ever was amazing. we aren't anywhere near that with regard to prices, or inflation, but we do have real fiscal problems today, neil. just as we had with the end of jimmy carter and those fiscal policies are not being addressed correctly. raising taxes is not the answer. that's not what reagan did, and that surely is not the right thing to do now. we just should in be raising taxes. neil: now, you knew ronald regan so well and he thought so highly of you, but we're hearing a lot of these documentaries since how , in his final days in office , he regretted the building deficits here, and

the fact that he couldn't get that spending under control. the more money came into washington a ton of it did, the more they spent and both parties were guilty of that of course but it was a big lament for him. what did you think? >> well, you know at the end of the reagan era, if we didn't have spending under control with ronald regan, if he was upset then, just imagine how upset he be. neil: you're right you're right. >> with these proposed spending it's just crazy, and general principles don't go away with time. this spending stuff is really bad. it's going to hurt the growth of the united states, it's not the right thing to do. it may not be as bad as some people say it is, but it's really the wrong way to create prosperity and growth. it really is. neil: no offense to your, you know, friend and donald trump, but there was a lot of spending going on then too, even pre- pandemic. both parties are not immune to this , are they? >> no, they are not, and the republicans were just as bad

back then at spending as any of the democrats and, you know, i think the one mistake with trump was that $3 trillion spending package but other than that trump did a great job, transparencies, operation warp speed all of these were phenomenonal that trump did but i did not agree with the spending program. neil: you've always been a straight shooter, art i appreciate that. art laffer the former reagan economist to one american president after another, rightly so. we're talking about right now the post-covid world. morgan stanley has made it for for both those returning to work, that that be clients who are going to visit the building and those who work in the building, no vaccine, no return, so you better be vaccinated or you're not welcome in the building. that is a fairly black and white order. other brokerage houses, other businesses are saying pretty much the same thing. you want to get back, you better have your shot.

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numbers if you will in the latest period surpassing $11 billion that is a record of 6.1% higher than overall e-commerce transactions in the year ago period which wasn't a year ago remember they pushed it back because of the pandemic to october, so they are surging 6% from that level; however remember back in october, at just around $10 billion, that was a 49% jump from the prior-year prime day sales figures, so it's the momentum that's slowing, not the overall figure that is still a record here. amazon barely budging on this news, the confirmation that its sales were strong, just not as strong or increasing as much as people thought. maybe because all of this competition from walmart, target, home depot, all of the rest that we're having sales of their own to compete. these are just amazon's number, charlie gasparino, back with us,

but he's following what the securities and exchange commission is doing, because you know, a lot of people don't pay attention to the sec but i think you might want to now, because you know, he has his eyes on some big changes. charlie has the latest. charlie: neil you just mentioned amazon having tons of competition. well guess what maybe they don't need to be broken up, as everybody is saying right now neil: that's a good point. very good point. charlie: the d.c. attorney general maybe the u.s. attorney for anti-trust. i mean, if they got competition from walmart, and this one and that one, prices are going down, well guess what? you know, they don't need to be broken up but that's for another segment, neil. what we're doing right now is gary gensler the sec chief, and you know, his regulatory agenda is starting to take shape. obviously, we've been reporting a lot on your show, neil about how he wants companies to do woke corporate disclosures on environmental impact, on diversity, stuff that's out of

this sort of, that wasn't required in the past. that's one part of his agenda. another part of his agenda, you know, involves this issue that it sounds complicated. it sounds in the weeds, it's known as payment for order flow, but trust me, this is a big thing for you, the consumer, you the average viewer, because if you trade through a discount broker, like robinhood, or td ameritrade you don't have to pay commissions, small or no commissions, the reason why you get to pay no or just a small commission is because robinhood or that discount broker sells its order flow to two firms mainly, citadel, and a company called virtu, they may for it, that's how they make money, gensler is worried about this practice and what we understand is he's sort of scrutinizing, not sort of but he is scrutinizing whether virtu and citadel, two very big brokerage firms who dominate

this payment for order flow business whether in the process of paying for the order flow matching those buyers and seller s has an unfair market advantage that they have an information advantage, that they can trade on the side and make a lot more money on the side and then it's unfair, so, some of the things that we understand he's looking at is possibly forcing more disclosure , possibly forcing instead of robinhood selling that order flow to virtu and citadel maybe forcing it through the exchange, a lot of things. i would just say this if they mess with the system, there could be higher costs for the average investor. that no-cost, no-fee robinhood app might start charging fees if virtu and citadel are getting screwed on regulatory issues, so just keep an eye on this. we should point out, neil, robinhood does have an ipo coming out. it'll be interesting to see how all of this is addressed in the ipo documents, the s-1 filed initially confidentially but they will release it so

again, it sounds like it's in the weeds but i'm telling you, if you trade stocks, and people are trading stocks left and right these days, you're doing it generally on a discount broker or app like robinhood and payment for order flow is the reason why you can trade for free, and there maybe some changes to this system based on what gary gensler is signaling, that could make it not so free or more expensive. neil, back to you. neil: wow, thank you, charlie very very much. as charlie is wrapping up want to update you on this border trip that the vice president plans to take, kamala harris on friday. edward lawrence is passing along that she is going with the homeland security securities and exchange commission mayorkas and setting their sites on el paso, texas. we've also got a statement from former president donald trump on this apparent visit quoting, after months of ignoring the crisis the southern border it's great that we got kamala harris to finally go and see the tremendous destruction and debt that they've created, a direct result, president trump says, of biden ending my very

tough but fair border policies. he says that harris and biden were given the strongest border in american history and now it is by far the worst in american history if governor abbott, referring to texas governor abbott and i weren't going there next week, she would have never gone. there you have it. we'll have more, after this. obsession has many names. this is ours. the lexus is. all in on the sport sedan. lease the 2021 is 300 for $379 a month for 36 months. experience amazing at your lexus dealer. $379 a month for 36 months. in a recent clinical study, patients using salonpas patch reported reductions in pain severity, using less or a lot less oral pain medicines. and improved quality of life. that's why we recommend salonpas. it's good medicine.

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neil: all right, we have about two hours away right now from the president of the united states outlining his plan to reign in crime, that in some cities is running rampant and homicides and particularly violent crimes are running at triple digit rates year-over-year in cities like new york, chicago. we don't know all of the details we know it's going to put a disproportionate interest in reigning in guns. some critics are saying not enough to address the underlying crime that prompts those guns,

having said all of that, people are buying guns, just in case this crackdown gains steam, grady trimble says they are taking all sorts of precautions in new lennox, illinois. hey, grady. reporter: hey, neil and people are buying guns in record number s. take a look at the numbers from march of this year, the firearms sale background check, march was the highest number ever, 4.7 million background checks conducted that's up 25% year-over-year, the numbers in april and may tapered off a little bit but we're still way up compared to last year, 2020 which was, by the way, also a record year. we're at key firearms in new len nox. you're telling me that you're hearing from a lot of first time gun buyers people who don't ordinarily buy guns and have decided you know what i think i need one for protection. >> that's correct about 70% of our business right now is new gun owners. reporter: and what do they tell you? what's the reason for the

purchase? >> it scared because the crime rate is high and they are looking to protect themselves and families so looking to get into firearms. reporter: when you hear the president is going to talk about gun violence later today and typically what happens when a democrat talks about cracking down on guns, is sales go up. is that what you're expecting this time or is this time different? >> no absolutely. every time the firearms are in the news with the feds, everything continues to rise people rush out to buy some of it's panic buy. i should have bought this , now i'm going to get it before there's some kind of restriction i can't own it. reporter: you don't expect this to slow down, its been non- stop since the pandemic. >> that's correct, we started to do free training because there's been so many new buyers that we felt that was responsible to teach them how to use their firearms. reporter: the national shooting sports foundation, they had numbers from 2020, neil, on the number of new gun owners, more than 8 million new gun owners last year and they tell us they are going to put out more numbers in july. they expect those to be even higher, and it sounds true

anecdotally from the people we're talking to at these gun stores. neil? neil: grady thank you, very much for that grady trimble in illinois. let's go to dan geltrude on this , brian brenberg on all of this. crime is emerging as a very very big issue, not only a safety issue, gentlemen, but as i'm sure you have both been aware of and talking about yourselves on an economic level as well. brian, what do you expect to hear out of the president and again, if it's just about reign ing in guns would that address any of the spike in violence we had and protests around the country last year that continue to this year? >> yeah i think he's going to talk a lot about gun violence and talk a lot about community policing, but i think people are going to hear you're not address ing the main problem, which is police morale has gone through the floor, and we're not holding people accountable for the kinds of crimes that eventually lead to this gun

violence, so i think the risk for biden is this is going to sound very cosmetic at a moment where people are saying we need to go back to policies that work we're not talking here, we don't need comprehensive change. that's a dream on the left. what most people are saying is give police back the ability to do their job, let them know that we value what they do. you can't hire more police if nobody wants to go into that profession, right now, they're leaving faster than they're entering. that's a thing that's got to change. that's a morale issue. neil: you know, if you think about it too, dan, we talk about the great reopening in this country, and the issue in the new york mayoral race yesterday was crime that dwarfed all others and now, we're seeing it show up in people who are anxious about returning to their offices in cities like new york, and not so much because of covid but because of crime. they are worried about it. >> as they should be, neil.

listen, there are two issues related to guns. one is obviously the political/ safety issue, and then there's the economic issue. if people don't feel safe, particularly in the large cities , like new york, chicago, and so on, they are not going to go there. they are not going to shop there they're not going to restaurants , they aren't going to shows and so on and so fourth so these cities have a vested interest in figuring out how to clean-up this crime mess, get things back to people feeling safe, and as far as the president supposedly going to speak to the issue of gun control, to me, it's a rather simple issue. all these people that are buying guns legally there's nothing wrong with that, as far as illegal firearms, if you get arrested or you're caught with an unregistered firearm, have a minimum jail sentence of five years, and things will

start to get better. neil: you know, brian, if you think about it, even liberals within the democratic party are concerned they are on the wrong side of this crime issue, because i spoke to california congressman says he's not for de funding the police and it's a small crevice of maybe the uber progressives who are pushing that, he is not, so i'm wondering if this will be a key test going forward for democrats , how far do you go in this , you know, defunding police issue? >> well if he means that and if the president really means that, he's not in favor of defunding police, kind of get that message out to cities they've got to get that message out to the people who hold the levers of power, because right now, i don't think people in america are hearing a democratic party that is in favor of empowering police to do their jobs. they are getting a democratic party that at-best is split and they don't, that's why they're buying guns. people are buying guns because

they don't trust that john garam endi is the energy in his party and they don't trust when joe biden says he's not for defunding police, that he has the power to make that happen. the democratic party has lost massive trust on the issue of public safety. the president is going to go out there today and try to make a pitch, you know he's worried because they've made the week all about it but the fact is, this is not about politics. this is about where people want to live, can they do business, can they raise their families. we need more the messaging here. we need to go back to giving police the power, the authority they need to do their jobs well, hold them accountable but give them the ability to do their jobs well and incentive to take care of the crimes that are wrecking peoples lives right now neil: yeah, going to need bipartisan support that seems a lot easier said than done, a whole host of things guys thank you both very very much. when you heard also about these

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by july 1 to enter the building and same goes for their clients and visitors blackrock also won't allow in the unvaccinated staff. for the airlines delta requiring vaccines for new crew members and united for certain crew members flying to certain areas, usually covid hotspots. the broad way play hamilton and sachs fifth avenue is this legal, neil? yes. states and private companies can dictate how they will maintain a safe workplace. they will facilitate the return to normal by eliminating physical requirements that were dictated by covid because their employees have been vaccinated, but by law, they must also provide an accommodation for the unvaccinated due to disability or religious beliefs so what does that include? it could be a periodic testing, they have to wear face masks in the building or have a modified shift. what it means at morgan stanley for now is is that you stay home , because morgan stanley wants vaccinated teams working closely together again, they

want employees to feel safe knowing that the person sitting next to you is vaccinated as well. so this opens the doors for them to let people back in, back to normal, starting july 12 and with that, neil, i think the traffic comes as well, but there is some criticism here. the ceo james gorman last week said look if you can eat out at a new york city restaurant, you can come into the office, but you don't have to show proof to dine out in new york city, so he is getting some criticism for that, and of course, with everything here, there are potential lawsuits, that's why many companies are treading very cautiously. they are creating the carve-outs for certain workers and trying not to be so black and white. neil: i think you're right, lauren they are just right around the block from us at fox. it's going to pick-up the traffic a bit and that's already happening. great job, lauren thank you very very much. lauren simonetti on that, so glad to have her back. in the meantime, edward lawrence

always glad to have him with us and right now he's taking a look at the hack attacks but particularly the ones on hospitals. that's a little scary. what's going on? reporter: you talk about covid, talk about vaccines the hospital s and healthcare providers on the front lines of that covid response also a big target of cyber criminals. now one day after the face to face meeting, for example, between russian president vladimir putin and president joe biden st. joseph's hospital system was hit with a ransomware attack one of the biggest systems in georgia so in 2020 three big attacks against the industry netted about $2.1 million according to compare caltech the champaign ur bana public health district, university san francisco school of medicine, the university hospital in new jersey, all held hostage, the list goes on, so the fbi and other government agencies say that they have credible information on an increase and imminent cyber creek threat to u.s. hospitals and healthcare providers. the lead cybersecurity advisor for the american hospital

association calls these attacks during the covid pandemic despicable, and crossing a line. he advised his hospitals to continue to invest in better technology but also education for employees is critical he says because ransomware comes in phishing e-mails and in his mind it's not just private companies though that need to step up. listen. >> we have urged government to embark upon a coordinated campaign to use all diplomatic, financial, law enforcement, intelligence in military cyber capabilities to disrupt these criminal organizations, seize their illegal proceeds as was done so effectively during the global fight against terrorism. reporter: he says the administration has started to move that way with the fbi and department of just justice raising cyberattacks to the level of terrorism investigation s but believes more needs to be done overall. cyber attack was up about 40%

last year that trend is continuing in 2021, neil? neil: edward, thank you. in the meantime here, we've been telling you a little bit about this meeting going on with the cdc panel looking into these heart-related issues, particularly concerning young people. steve harrigan following it all from atlanta. steve what do you got? reporter: neil the cdc meeting with a group of medical advisors today and those told the cdc that there is a link between the inflammation of the heart muscle and some of the vaccines. the two-shot vaccines from moderna and pfizer. news keep in mind these numbers are extremely small, the number of cases of heart inflammation, just over 300 compared to 20 million people who have been vaccinated, so the numbers are small but there is a link of thought that the second dose in particular could trigger myocarditis or inflammation of the heart and this comes at a very rough time too when health officials are trying to convince young people to get the vaccine and that's really who this affect, mainly young men

and adolescents after their second shot. there have been no deaths from this. usually, a complete recovery, a couple of days after that second shot, and it comes too at a time when across the u.s. there's a huge gap in vaccine rates in the northeast states like vermont 64% of all people vaccinated, much lower places like mississippi just 28.9%, concerns with this delta variant now, spreading across the u.s. at unvaccinated areas could see a resurgence of covid. neil back to you. neil: steve harrigan in atlanta, thank you. meantime we're following other developments about businesses that find it tough to get workers, so if you can't find them, what about renting them? one boss is doing just that. >> ♪

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neil: all right, if you're planning for retirement you better plan for higher costs and that might work out to slightly

higher social security pay adjustments as a result, b you with everything that comes with the stuff you need, well that's rocketing up in price as well, lydia hu to sort it all out in riverdale, new york. reporter: hey, neil, you know, the social security administration increased the benefits for this year by 1.3% they made that increase last year to keep up with inflation, but it's not keeping up with the consumer price index. according to data that was released from the labor department just last month, it shows that we're paying about 5% more for consumer goods this may , as compared to a year ago. now, the senior citizens league a non-partisan group, it's projecting that the social security administration could boost payments again as much as 5.3% for next year. now an increase of 5.3% in social security benefits will be the steepest annual adjustment

since 2009. the ceo of river spring living which is a non-profit senior housing facility where we are, he explains that the increase in benefits to keep up with inflation helps offset costs but also means that the value of other assets declines. >> many people whose 401 (k) or savings are tied to the stock market, the value of their savings could decrease. it's almost a double hit, and so older adults who we would consider to be middle income may find that their economic bracket has decreased. reporter: and we also had a chance to speak with a resident here at this facility who tells us that the boost in increased benefits would help certainly pay for costs, but the possible inflation is raising concerns about what that means for future generations. listen to this. >> that's sort of like a double-edged sword, because that

increase has to come from somewhere. we're just spending spending spending. it's not an empty barrel. reporter: now, the social security administration, neil, is expected to make an announcement about an increase to the cost of living adjustment for social security benefits come october. back to you. neil: all right, lidia, thank you for that let's go now where there's more need concerns, he's in charge of the chef's warehouse, has a devil of a time finding workers so why not try to rent them? it's happening, and he's leading the charge, chris, very good to have you. can you explain to me how this works? >> sure, neil. so we came into the holiday season with looking at mother's day, memorial day weekend, father's day, realized that we just couldn't hire and train fast enough, so our team put their heads together and said

what's the solution because we're in big trouble. we're a business that has to deliver the next day, and thousands of restaurants are depending upon us to deliver their food, so we had to come up with some solution, and we were lucky enough to find a few agencies that have full-time people at their fingertips around the country, kind of like an emergency team, kind of like the ghostbusters, and we were able to get enough people to get us through, kicking and screaming, through that season. we're still struggling, we're still short hundreds of workers, but they definitely helped us get through that holiday season. neil: so they're recruiters so to speak and do you pay more for those workers as a result because a percentage of whatever those workers are making is going to the people that find them, right? >> yeah, so of course capital ism at work, so again,

these are teams of people that fly in, you have to put them up in hotels, and give them a dining allowance and they will work for periods of time. i think normally, they have projects they will come in for a month at a time to get you through and then they fly back home to wherever they live. neil: sounds expensive. >> it was very expensive. absolutely, but when you have no other solution, you're going to do what you have to do to keep your customers happy and we're in that business, supplying over 40,000 great restaurants around the country. you just can't disappoint so you have to find a way to fulfill. neil: how are they as workers, the people that you have gotten through this? >> you know, a lot of them are great, so we needed people that understand how to use machines and safety, working in a very busy warehouse, especially at

night in cold environments. you have to have training and skillsets and understand, there's a lot of safety involved , and as far as drivers getting people with a cdl license, tremendous shortage all around the country are people with these licenses, so having access to them at this point, you'll pay the premium, you just want to be able to get through this really tough period, which continues, of course. it hasn't ended. it's a little better but continues to be a headwind. neil: we're told, chris, you'd know this far better than i, that a lot of this labor shortage could end in the fall when these extra federal benefits are expired and now a number of states have already cut them off now, but the rest will go in september, early october, and that could be your new potential pool of workers. do you think that's going to happen? >> oh, we're praying that it

gets a lot better in september. you know, of the hardest hit was our coastal states, new england and in the middle of the country , chicago, so that's where we're short the most workers, and we're praying that september a lot more people want to come back into the job force. these are difficult jobs so they are hard, lifting heavy products , it's long hours, a lot of it's night hours, so these are really good paying jobs with great benefits and we're doing everything, we're offering signing bonuses and great benefit packages, really most of the jobs pay over $20 an hour, so we're really hoping that people want to come back to work neil: well keep us posted, christopher. you're making lemonade out of lemons you're dealt paying top dollar for that but hopefully it all sorts out, thank you. christopher pappas, the chef's warehouse president and ceo, a

novel solution there. i do want to bring your attention to the corner of wall and broad where the nasdaq is up and if you think about it interesting because the back drop there technology stocks still doing well even though we've got the house judiciary committee looking at no fewer than six bills that would reign in big tech giants including the likes of apple and amazon, facebook, and so many others, so their resistant to that and take a look at what's going on with interest rates with all of this inflationary talk bay after day, rates staying pretty low, the 10 year note comfortably under 1.5% sometimes we use the market as a gauge, prevailing thinking as people bet money on it thinking oftentimes as often are quite wrong but for now, between technology stocks soaring in the face of the government coming down on them, and interest rates stabilizing despite talk of prices running amuck, funny how the markets responding. >> ♪

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alejandro mayorkas. the president, donald trump going to the border on 30th. he accepted a invitation from governor greg abbott to do so. essentially saying in a missive to his followers, it is about time. also waiting to hear, next hour, hour 1/2 or so from president biden on his plan to rein in rampant crime in this country. charles payne to take you to all of that. hey, charles. charles: we'll cover all of that, my friend. this is charles payne, this is "making money." breaking at this moment, we're in the calm after the storm. eastern though it is summer don't expect the lazy sessions to last for now. for now powell gained control of the narrative. but is there a slowdown that people are missing? leaders of digital economy are coming on like gangbusters. we have names you have to know about. sec chairman gensler sai