stuart: so how. earths can fit inside of the sun? answer, 4.3 million. not sure exactly what that means. i guess the son is a lot bigger than the earth. my time is up, neil, it is yours neil: thank you, stuart. we're half an hour away from the update on the condominium collapse in miami, florida. 51 unaccounted for. the building pancaked into the middle of it in the one 30 at

1:30 a.m. we're looking at what is happening on corner of wall and broad. promising developments, those infrastructure talks. wall street loves spending whether we pay for it or can't pay for it or not. we'll get into the details of that, first to edward lawrence where this is all going right now. edward in washington. hey, ed. reporter: it is going to the white house. there is a conversation at the white house starting right now about the president possibly signing off on the infrastructure package deal we could look at a break here on this. the bill would be $1.2 trillion over eight years. senator joe manchin, that it is $59 billion would be in new spending. republicans want to make sure the bill is focused on true infrastructure like roads, bridges, expanded broadband. senator susan collins says there is a framework for the package here. senator chuck schumer left the meeting yesterday saying they were on the same page. senator dick durbin said today

that democrats want to see a bipartisan agreement on infrastructure and same time thinking of rec sim ages for the rest of the democratic agenda. >> senator schumer wants to move on this quickly, perhaps in july. maybe that is wishful thinking. the sooner the better. this is a major undertaking, budget resolution, reconciliation, each and every committee sooner the better. the american people have important priorities they want to see addressed. reporter: group that hashed this out at the white house. senator joe manchin, senator murkowski going in awe fines ago. swing vote is senator manchin, but will vote for the infrastructure plan but will not be guaranteed he votes yes on the reconciliation bill. >> we have to see, you vote for this, that i vote for that. that is not what i signed up. i want to vote for what in the plan makes sense and takes care

of the needs of america. reporter: we'll see if the president is off on the bill. the bill would go forward for possible passage in the senate by the august break. we'll to see. back to you. neil: thank you very much edward. we'll go to senator cynthia lummis what she makes for this. the lieutenant governor pressed for time on the collapse in from, is gracious enough to join us. joins us on the phone, jeanette nunez, lieutenant governor of florida, thank you for taking the time. have we learned anything new? >> thank you for the opportunity here. surfside in miami-dade county. the latest information from the county there has been a lot of -- one one fatality individuals. have been transported for medical care to several or were treated on sight. there are still a number of individuals unaccounted for. that will continue to, you know,

we'll continue to update on that but certainly it is concerning. we've seen 55 of the 136 units, physical units collapse. i'm sure you have seen footage of that, very troubling. we have urban search-and-rescue here on site. one of the teams in the state, in my opinion in the country, they're all on scene. we have for than 130 plus first-responders on scene. all hands on deck. a reunification center is up. there is call line. 305 -- [inaudible]. these individuals concerned not heard from loved ones or inform us they are safe. very tragic situation. it is quickly developing. we will continue to update. as of right now we're focused trying to get that search-and-rescue to continue to search for individuals from the rubble. whether here in south florida is a little complicated but we're working through it and god willing we'll be able to find

some additional survivors. neil: governor, we were hearing there was construction being done own the roof as well as construction around the area, has anyone been able to ascertain whether either or both might have had an effect here? >> it's too soon to say, too preliminary to come up with a cause per se but what i will tell you obviously this building, from what i've been told from the county is going up through the certification process. so if there was construction going on i'm sure it will be investigating to see what was done, how it was done, what was the condition. what was the obviously the root cause, what was foundational, all those things are being discussed as we speak, but it is still too soon to say. neil: understood. jeanette nunez florida lieutenant governor, thanks for taking the time. update half past the hour. we'll keep you posted on that.

weep keep you posted on the ongoing infrastructure talks. they say there are a little different because the two sides are meeting, calling, talking at the white house. senator cynthia lummis joins us right now, republican from wyoming. senator, thank you. what can you tell us? >> well, neil, the leaders of group, kyrsten sinema of arizona and rob portman, have been putting together a group. the talks apparently have produced a product that there are now being debated, details about it. so the group is at the white house now. we're encouraged. it sounds like it is about 570 billion over the current baseline of spending and that would mean, if it is paid for including taking some covid -- repurposing it to this purpose,

we could have a deal. it is really kind of exciting. neil: you know, when i was talking to senator chuck grassley yesterday before you know the details of this began to leak out he was very, very leery of the administration and its commitment to paying for that. is it safe to say that, i know the biden white house was against, a gas tax, electric vehicle tax, mileage tax, that there are other fees tucked in there that we don't about? what can you tell us? >> we don't know. and so that remains to be an issue that when we get back from july 4th work period in our states we'll want to see the details. of course with all of these things the details make all the difference in the world. from what i hear work that was done by the committees, such as the environment and public works committee i am on was incorporated into the bill for

highways, for water and sewer. i'm a little worried about the components that deal with and public transit but once again we haven't seen details and if it is not paid for we're certainly going to lose republicans and traditionally infrastructure has been paid for by user fees. if there is a departure from the user fee issue, that also is going to cause some heartburn among republicans. so i'm hopeful they will stick to traditional sources of funding and then repurpose the covid funds that were not used so we don't have more money sloshing around in this economy creating more and more inflation concerns. neil: got it. cynthia lummis. thank you very much for taking the time. again as the senator pointed out here the devil is in the details here but apparently there has been sort of a widespread agreement. it was initially scored with mitt romney, joe manchin,

republican, democrat as you know on the broader parameters would call for a trillion dollars in spending on a infrastructure package but more than half of that from repurposed covid funds, a little bit north of half a billion worth of those. way too soon to say where we're going to go on all of this but they are very, very close, maybe, maybe, something will be announced later today. impact on corner of wall and broad is favorable. i'm not saying this is exclusively the reason here. you don't have to be a stranger to wall street to know it likes spending. it is stimulative. this is stimulative to put it mildly if it comes to pass. we have luke lloyd, strategic wealth partners investment strategist. welcome to both of you. luke, what do you think of the prospect of still more spending for an economy you know, is doing just fine without it? infrastructure is a different e pililp thea into i i tall strr

o you t? >> talking a the snd spegin downt t ontr alionll own down1. t2 tril tlionilon stilnytime ynyndey tho thoseercussepercussercuss hi hi er taxes dn dn t road. roaoaoa weus h t tayoror dthn thth hing thing i co an and bs and busseinrere ttbeer allocllatoc the tir capil th one rep rerss.vernmenernmt. alsoalnf ilationlaowlanow roadro t the federalal res impact of inflation. a rate hike in 2022 is very possible. i think the market is ignoring that. i think the market is kind of broke for that reason. another thing investors are not paying attention to the breadth of the stock market. even though the stock market is hitting all-time highs, only 40% of companies are above the 50 day moving average. that number is usually closer to 70 or 80%. that means many companies are

not participating in the rally and megacap tech stocks are keeping the market higher. neil: ann, what do you make of his point here, this consensus building if rates go up, 23, not of this year, november 22 event i should say, do you agree market has gotten too ahead of itself? what do you think? >> i just -- goes into your head itself. even if rates come off coming off a relative low base relative to where they have been historically i think the market thinks this will be a catastrophic event for investment, consumer credit profiles and other ways they see risk with interest rates coming up. i think market -- capital right now, retail investors and yields return there is a level of optimism the fed is doing its job. it is watching the signs to cool things down if things get too hot and they said they will do

that. neil: if you think about it, guys, i'm not -- we're roughly trading 40 times profits if you think about it. that historically is rich. a whole lot of the financial press pouring over this issue saying well this time it isn't all that rich. where are you on this, luke? >> yeah. i think definitely the market is trading at high valuation. that is why we're over 13% cash right now. we're looking for opportunities. we could easily get a pullback if interest rate hikes come sooner than expected and taxes are higher than expected as well. for that reason having cash on the sidelines allows you to have opportunities to buy stocks with a five or 6% correction. i don't think we'll get a 10, 20% correction from here. there is too much economy in the economy. too much money being spent in the government. do we get 5% correction look for all cap stocks. there is a lot of value in small caps. if you allocate that properly you will generate and how you

have value in our portfolio. that is how we add value for our clients. neil: ann, interest rates are remarkably stable through all of this. do you expect them to continue to be? >> i do expect them to continue to be stable. that is because one of the things that is important to remember, interest rates can't just turn on a dime. it is not healthy for them to turn on a dime. i think slow, steady increases or changes in interest rates are what folks need. they need to be able to plan ahead to have visibility, even if there is change it is going to be with a lot of notice. i think there will be a long lead time so businesses have a chance to plan appropriately. neil: all right. guys, i want to thank you both, very, very much we would be remiss if we didn't keep you up to date on another political story today that is developing. rudy giuliani suspended from practice in new york over misleading statements working for donald trump. that a lot of claims about the

election is out right lies. we'll monitor that. if donald trump has reaction from what he heard about his former legal confidante. rudy giuliani suspended in new york on this particular matter. we're keeping you abreast what is going on with the condo collapse in florida, miami, florida, to the point. a lot of people want to happen there. there was construction in and around the building and on top of the building. maybe the roof work, may be hard pressed if it caused something this devastating. 51 individuals are still unaccounted for. this building was fully occupied. you hear the story about the snowbirds who leave in hotter weather. they're all there. we'll have more after this. ♪

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♪. >> this is beyond crazy. you know this doesn't happen in first world countries. buildings just don't fall down like this. so this is, this is a inexplicable. we just don't have any answers right now but we'll get them. neil: it is the great mystery, what caused a very popular and well-regarded condo to collapse up in miami, florida.

a 12 story condo at that. 70 of the 136 units in the building we're told have been destroyed. again there is a lot of people still missing, 51 by last count. steve larry began from surfside florida. reporter: very big questions remain unanswered. as many as 51 people still missing according to local officials. but that number is fluid and can expect to change. some much these people are short-term renters. it is not clear whether they were here or not. as far as the rescue goes, officials are stressing this is still a search around rescue operation. they are using dogs. they are using drones. they are using tunnels to try to find any sign of life. more than 50 units destroyed overall. the rubble, when you see it in the northeast section of that building is about three stories high. they rescued 36 people overnight, fire and rescue workers, really risking their

lives in a partially collapsed building to find anyone they could. saved 36. pulled two from the rubble. among those pulled from the rubble a 10-year-old boy. a civilian raced to seen to help rescue the boy. here he is. >> he was screaming, saying, can you see me? he was sticking his arm out of the rubble. that is how we saw him. we saw his fingers wriggling. i let him know we were here. he was screaming don't leave me. don't leave me. reporter: still not clear what could have caused this. it is a 40 year building. there was construction going on the roof. a number of residents complained construction of a large building next door that they said caused cracks in the structure of their building. but you uncertain as to what caused this complete collapse of more than 50 units. neil, back to you. neil: steve, were any other buildings in the area affected? a lot of them are pretty close

together or is it just this one? >> it is just that building. you can actually see in the lobby about the large building just to the south of it, still people inside. as far as the people who lost their homes, red cross putting them in hotels. really a desperate effort underway to try to contact everyone to make sure they get an accurate count of who is still missing, neil. neil: i cannot imagine. steve, thank you, steve at surfside, florida. floridas will give an update in ten minutes. we'll monitor that. monitoring reaction from the rudy giuliani camp over the new york supreme court move to suspend his law license over the court claims are his election allegation lies. his attorneys responding saying we're disappointed with the appellate first department decision suspending mayor giuliani having a hearing on issues that are alleged. this is unprecedented because we believe our client does not pose a present danger to the public interest. we believe when the issues are

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♪. neil: all right. she is coming to the border. that is the vice president kamala harris head towing the border. el paso is not the place that a lot of critics of the administration said she should necessarily see because some of

the real problems are not near that neck of the woods. be that as it may she is roughly the neck of the woods that matters. a lot of the people around the administration saying it is a start, an important first step. alex hogan in la joya, texas, and how this is going down and how it will be received tomorrow. alex? reporter: neil, we joined the texas department of public safety walking here last night, seeing hundreds of migrants cross through the bush by this part of the unfinished border wall. hundreds of them here in the rio grande valley. families holding hands as they walked through this area, eventually we had officers who were casting light on the ground to protect them from snakes and tarantulas in the area. the group even had to call 911 because they had been lost in the darkness for so long. >> this group of families and adults arriving. their clothes muddied, their faces exhausted after a full day

of traveling in the heat and humidity. something that low cale agencies say will only become more treacherous as these temperatures here in southern texas continue to climb. vice president kamala harris will visit the border in el paso tomorrow. there yesterday cbp warned about alarming number of deaths and rescues so far this year. noting dangers agents themselves often face. >> desperation increases by people being constantly encountered and detected, interdicted and apprehended, so us does the assaults because people don't want to get caught. reporter: cpb in california unveiled two new 45-foot swift boats to cush smuggling and save migrants who fall in the water. in del rio, there is a press

conference, state of the border by the customs and border protection. that is five hours down the road, showing you the magnitude of this area border agents are trying to protect every single day. neil? neil: alex, thank you for that. again the vice president will be there tomorrow. we'll see how all of that goes. daniel garza has thoughts on all of this. he thinks they are welcoming the vice president she is actually going the wrong place. libra initiative president. among other things trying to get congress and everyone to come together on some border solutions. that is a tall task is an understatement. but daniel, you always are putting a good effort in. it is good to have you. explain why el paso isn't the ideal place for her to go? >> well, look, i mean -- to el paso, better late than never. i think attention she is bringing has intensified because

she put it off so long. by not coming to mcallen where the crisis is most intense. i still think there is an opportunity for her to use this platform, this opportunity, again like you were saying, underscoring to the work already been done on trying to resolve the issues along the border. i would point to the border solutions act that has been proposed by a democrat, henry square lar, a republican tony gonzalez of san antonio. my congressman, henry cuellar has done yeoman's work to have the resources, the personnel, the kind of attention that is required to resolve this issue. we created four detention centers in most acute areas along the border from mcallen, to el paso. 250 judges to adjudicate a lot of cases quicker. to pried incentives to make legal channels to divert

illegalities that are happening in a way that is productive for america and strengthens our borders. neil: daniel, as far as i understand it, adjudication a lot of cases they're being adjudicated here in the u.s., not of mexico which was the case under president trump. how is that process going. >> yeah. our system is overwhelmed at this point. your reporter was talking about surge at the border. we're at over 121,000 single adults who have entered year-to-date illegally. that is up from 44,000 in 2019. what that does of course, bring along with it unaccompanied minors that have overwhelmed the system. right now at this point we still have 15,000 miners being held in detention centers. we don't have the capacity to adjudicate these cases. so what the border solutions act would do, of course increase the capacity of judges, personnel but at the same time bring focus to the, those folks who have a

case and those folks who do not have a case so we can speed up the process but give them due process required by our laws and bring dignity to the individuals coming to america because sometimes there is real violence that they are fleeing. we need a strong asylum system that can accommodate for them. neil: all right. keep us posted, daniel. thank you. i know you're working very, very hard to find a solution. neither republican or democrat, find some common ground because they agree on a lot of things. daniel garza, the libre initiative president. you might have missed this in all the news yesterday that was going on that a tech giant passed away, killed himself. john mcafee. you know his software. you know the mcafee software. what you might not know he came up with that software back in 1987, long before there was any hacking going on. long before we had all these

problems associated with technology. his fear then, borne out later, was that technology is a great thing until it isn't. after this.

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your raymond james financial advisor gets to know you, neil: all right. the president and some key senators, a bipartisan group meeting outside of the white house. you don't often see the president at the north portico with senators. but that is what is going on. let's listen in to sigh how it is going. >> it did not with -- [inaudible]. my family plan issues and child care tax credits, human infrastructure, that i talk about. and that will, we'll see what happens in reconciliation bill in the budget process f that, if we can get some compromise there. if we can't i will see if we attract to all the democrats in a position. they will move on a dual track. around that is what i will say. i want to thank each and everyone of them. it has been, a lot of us go back a long way.

we're used to doing one thing, give each other our word, that is the end. nobody questions. they have my word. i will stick with what they proposed. they have given me their word as well. where i come from that is good enough for me. i will turn it over to the two chairs here. i will talk to you all a little bit later. reporter: building collapse in miami. >> i have. i spoke with the mayor and congresswoman. i will have more to say. reporter: what are you able to reach the deal? reporter: are you committed to this -- >> [inaudible] >> there will be a two track system. reporter: are you confident you will have all the democrats? >> i'm not confident of anything. reporter: there will be reconciliation still? there will be reconciliation? >> i'm not going to answer that one okay. i have a little different view on that one. i appreciate the fact that the president came out today to

express what we all believe, we didn't get everything we wanted but we came up with a good compromise that will help the american people. this is about infrastructure. every president over the past four or five presidents talked about doing a big infrastructure package. you may recall president trump proposed a two trillion dollar infrastructure package. today we are announcing the framework for an historic investment in infrastructure. this is roads and bridges but also lots of other kinds of infrastructure. including broadband and our water system, our rail system. this is good for the economy. this will lead to more efficiency for our economy. more productivity, more economic growth. this is about the long term. that is something traditionally been very bipartisan. i'm pleased to see today we were able to come together on a core infrastructure package. this is not non-infrastructure items without new taxes with a commitment from republicans and democrats alike we'll get this across the finish line. i appreciate my colleagues behind me. this is a team effort. everybody was equally solved. kyrsten sinema did a great job

leading effort. i want to ask her to say a few words. >> thank you, rob. many who would say bipartisanship is dead in washington, d.c. and across this country. but this historic agreement today between republicans and democrats in the senate, with the president of the united states shows that when a group of people who are committed with shared values solving problems and challenges our country faces we can u.s. bipartisanship to solve these challenges. as rob said, the president said, no one got everything they warranted in this package. we all gave some to get some. what we did was put first the needs of our country. this does represent a historic investment in our country's infrastructure and it meets the needs of folks who live from virginia out to arizona. it invests in green energy and climate, recognizing the changing nature of our country and our future. it invests in broadband, our power grid and our structures. we are delighted to go back to the hill to begin earning more

support from both republicans and democrats to get the bill across the finish line. there are other members of the group would like to say a few words. i will scoot over and let other folks step up. we'll take questions after we finish. susan? >> well, first i want to thank our two leaders, kyrsten and rob, everyone contributed to what is the largest infrastructure package in history. this is important. we have agreed on the price tag, the scope, and how to pay for it. it was not easy to get agreement on all three but it was essential. it was essential to show the american people that the senate can function. that we can work in a bipartisan way and this sends an important

message to the world as well. that america can function, can get things done and particularly on an issue that as rob mentioned, we've been talking about the need for a large infrastructure package for decades. today we are delivering. >> let me say very quickly i'm just proud to be part much bipartisan group that can be there and always work together like we did. we have a infrastructure package that literally meets the needs of this country for the 21st century and i think it's a tremendous opportunity for to us show the rest of the world that we can still get big things done in a bipartisan way and lead the rest of the world. >> let me take, i'm sorry. >> i want to comment a little bit further. we've talked about infrastructure meaning roads and

bridges. i'm from louisiana, but i think i can speak for every coastal state and every river state, there has been incredible problem with loss of coastline or flooding in river systems. there is $47 billion for resiliency. when i called the white house, i said do you mean lycos tall restoration? do you mean riverenie systems to make that resilient and fires to tam that down? that is exactly what we're talking about. when we think about how we're making a beginning investment in the resiliency that will be essential as we address our changing environment. no one knows that better than someone from louisiana. one thing i will add, and in this process we'll also be creating those jobs. jobs that help rebuild the

coastline or pipelines that sequester oaf the carbon dioxide and et cetera. the important message is there will be a lot of jobs come out of this. >> i just want to add two quick points. one, when we announced the framework last week at $579 billion it took a lot of work to get there and to maintain that. i commend all of my colleagues. i mentioned to the president, susan and i, a number of us, joe and others yesterday were at the funeral of my dear friend john warner and my hope is, when this framework becomes law, that we do it in the spirit of john warner and i would hope that, convince my colleagues that we actually name this legislation after him. that we all commended his ability to work with people across party lines. the fact he always put country

first. i think my colleagues have demonstrated that again. >> please. >> i think it is important to recognize that when we say a bipartisan bill what that, what that really means not just to those of us in the senate, in the congress, working with the white house, but that signal that it sends to the country. again that we actually can work, that we actually can perform. that we can do something not for republicans or for democrats but for americans. when we talk about infrastructure, infrastructure, there is a lot of diversity here. my friend john warner has mass transit. i don't have any roads. i have ferryboats. >> is john warner here? >> john warner put to rest yesterday. >> mark, not john. >> that is right. let's say warner has mass transit. but i'm speaking to the diversity of what we know around

understand in this country, the diversity of needs. the diversity of interests and thus why it is so important to come together not only across parties but really to come together for projects that benefit the entire country, the great effort with extraordinary people. >> thank you. >> well let me congratulate everybody who has been part of this effort. the challenge now is to make sure that the rest of our caucus on the democratic side and the republican caucus know what is in this bill and can join us in supporting it. it is critical that we begin to invest in our infrastructure. we have underinvested way too long. we spend less now than we did in the 1960s. if we're going to be competitive with china, with our adversaries, then we've got to make these investments. that is what this bill does. i'm delighted to have the president's endorsement of it today. >> good job. clean up. >> go ahead.

[all talking at once] >> this is a great group of people here. one of the big surprises coming to washington, the sense everybody was fighting with each other. we get along really well. this group gets along really well. my colleagues in the senate we work together. it has been years and years people talking about the infrastructure need of our country. we know that we recognize that. the we recognize the crumbling infrastructure and this group came together to get the job done. i don't know how far it will get all the way. president is behind it. this group here. we're not finished. we have other projects to take on. the america works, the senate works and we can work together. [all talking at once] >> we're saving the best for last, folks. >> clean up. >> so you guys have been around a while. you've seen this place work and not work. this is a day where this place has worked. it has worked because people sit down and do the tough job of compromise. if you look at this group, it represent a broad base of states. this package really is good for

the entire country, both for urban america and rural america. bill cassidy said something that is very important. we'll very much businesses, working families and this will create jobs for the future. that is what is really important. the last thing, already be said, i will say it again, if we're going to compete with china who is the threat to this world, who wants to take our position over, this package is critly important. thank you all. reporter: walk us through the pay fors? >> commit to the package that will be pushed through with reconciliation? >> we're working on a second package. reporter: what is the top line number on that? senator sanders was saying $6 trillion. >> this will come as no surprise to anyone i'm always committed to work with anyone to get things done. that is where i am right now. reporter: colleagues in your party, called this paltry, pathetic t has to be combined with second much more robust act "package to deserve a vote.

>> i appreciate the alliteration >> the biggest package ever. >> we're incredibly proudth package. we earned the support of the president of united states. this package meets needs from both job creation standpoint, from investing in crumbling infrastructure that has been neglected for multiple decades and critical national security. to help us prepare for the challenges we face in the global community. [reporters shouting questions] >> we've got to go. >> we'll hand out the paper this afternoon. neil: that's a big deal. you don't see that very often in washington. five democratic senators, five republican senators, scoring a deal. that is what the president says on infrastructure. the president indicating again we have a infrastructure deal. the devil is in the details. we got a hint of some of those details that this will not address some of the issues that

president biden, wanted human infrastructure. remember that, education, the other things republicans said had nothing to do with roads and bridges. that is added to this. right now the infrastructure bill also has no new taxes. they did not address the issue of fees, user fees, tolls, that sort of thing. maybe that is something that he will clarify a little later on here but again most unusual was seeing the president himself outside of his house, the north portico, typically those who visit the white house come to talk to the president. the president leading them to say we have this deal. again it's a long way from being done. we also got news as they were speaking that nancy pelosi wants to see the senate, sort of sort this out and get going and agree on something before anything can proceed in the house. time is awasting as chuck grassley was telling me yesterday. the fact of the matter is they want to get this done before august recess. that might be a leap. but to hear these 10 senators

tell it, five republicans and five democrats including the president of the united states, they have got a deal. now, just convincing everyone else. stay with us. whoo! yeah! oh, hi i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you you don't have to be circuit design engineer to help push progress forward can i hold the chip? become an agent of innovation with invesco qqq stay restless, with the icon that does the same. the rx crafted by lexus. get 1.9% apr financing on the 2021 rx 350. experience amazing at your lexus dealer. uno, dos, tres, cuatro!

[sfx]: typing [music starts] on the 2021 rx 350. neil: florida governor ron desantis talking to press on the latest on the condo collapse in florida. let's listen in. >> they are in search-and-rescue mode. they are trying to identify survivors. i know they made contact with some. they're doing everything they can to save lives. that is ongoing. they are not going to rest. so thanks to what they're doing. we were just over there. got to thank some folks who had a change of shift but they have really stepped up. we're also making sure that the people that have been displaced have a place to go. we're going to be visiting the center up further north on collins avenue after this but we are happy to report that through the help of the red cross we have short-term hotels set up for these folks.

then obviously we're going to work with the city and the county, state, to make sure that there's any longer term needs that we can be helpful in any way we can. this is not necessarily going to be a immediate in terms of what ended up happening. i know they will have engineers looking at this to try to identify what happened, what was the problematic occurrence. so that probably, not going to have those answers immediately but i know they are diligently going to be working to do that. it's a tragic day. some of those folks who are able to go from safety, we thank the fire and rescue for what they did to be able to put themselves on the line to help other folks. they're still hard at work. we still have hope to be able to identify additional survivors. the state of florida we're offering any assistance that we can. we've done some with the florida department of transportation. miami-dade has got a great team. they have got a lot of resources they're bringing to bear.

we're standing by to help in any way we can. i will introduce our director of emergency management, kevin guthrie. he will say a few words. we're hear from mayor kava. mayor, you will hear from the mayor of surfside as well. kevin. >> good afternoon. kevin guthrie with the florida division of emergency management. just to give you an update what is going on with state resources. we have members of the state emergency response team have been activated and working this event. they include members from obviously the chief financial officer's office with the state fire marshal and ef-16. includes individuals from the florida department of law enforcement and our law enforcement from 16 and includes esf 8, health and medical as well as our d.o.t. partners. director dan eagle is here with deo. we have five different state agencies involved right now that are assisting local county and city governments on responding to this event.

right now the biggest asset has been asked for is traffic control devices from d.o.t. and d.o.t. is filling those resources right now. we'll be here as long as we need to be to continue to assist the local, county municipal government with the need they have. thank you. >> so this is the incredible, unimaginable situation that none of us could have predicted but we have the right people on the job. our team at miami-dade fire rescue has dealt with collapse situations before. their dogs are trained. they have been on the scene since they got the call at 1:38 this morning and they are doing a fantastic job. they were able to rescue so many from from the buildings, intact building, the collapsed building. incredible. only at this time we identified one person as having passed.

we're very, very hopeful. we'll continue a search around rescue operation. we evacuated the two side buildings. we're working with red cross, with our own social service agencies, our police and fire departments to make sure that those people are properly situated. the leadership here of the city mayor has been phenomenal. he has on the scene since early this morning. neighboring mayors came to help with police departments, with their own moral support and presence. also this is a predominantly jewish community. we've had the rabbis and chaplins on hand. the operation that will be visiting in shortly, the community center, people are getting the support that they need. not only getting hotel rooms but getting help with their medicines, with blankets, with clothing because of course there they are with nothing. they were evacuated in the night. anyone who is looking for a missing loved one, anyone with

information we have a hotline. 305-614-1819. 305-614-1819. this is how we're going back continuing this operation with the support of family members. we're also going to be receiving family members. we're going to accommodate them. so stay tuned as well for that. [speaking spanish]

neil: all righte we're continuing to monitor this in surfside, florida again, they are still trying to find out exactly what caused the collapse at about 1:30 earlier this morning in this 12 story condo right near miami. 70 of the 136 units although these numbers seem to change, have been completely destroyed. we've got word that 51 individuals are still missing although there's no way to tell because some of the units in that building are short-term rentals, so no way of knowing who those people were. we just did hear from the consolidate it air earlier in the building, that it was at full capacity in other words the entire building was being utilized so it's in the face of earlier, the optimistic talk that the warm eweather there be fewer people in the building between full time tenants and those who rent places out it was fully occupied, that much we do know. they are still calling this a rescue effort and so should we as we monitor and keep following

this. separately we're following something else that's happening right now you might be noticing that the stock market had a new surge here now the dow over 326 point advance on word that an infrastructure deal has been had. now, of course that might be elite but when the president says that, and when a bipartisan group of five republican senator s and five democratic senators say that is the case the only issue is how all of this is paid for. we understand, and i stress understand on the quotation marks, that this will not include any tax hikes of any sort, that does not mean that it will include things like user fees, other ways to pay for this we do understand that it's trillion dollar value is mostly recognition of repurposed covid funds, more than half the costs are really coming from those moneys. we don't know how it all breaks down but chad pergram following it very very closely, and the timetable for all of this.

a lot of the things easier said than done but what can you tell us, chad? reporter: this is going to bleed out probably over the summer, the senate majority leader chuck schumer has indicated that he's going to put these bills, two bills on the floor in july, and we bet that this probably bleeds into august. the bipartisan white house meeting that was to secure a handshake from president biden, and they got it. this is a package of $953 billion over five years. new spending clocks in at $559 billion. >> to answer the direct question we have a deal. reporter: but liberal democrats will demand a more expensive $6 trillion plan, and house speaker nancy pelosi has their back. >> ain't going to be an infrastructure bill unless we have the reconciliation bill passed by the united states senate. reporter: moderate democrats know they have to sell the bill

to the left but the goal of this group was getting democrats and the gop on board. paying for the plan was the biggest challenge. many members hope the economic benefits from the infrastructure plan would offset the spending. >> important to send a message, there is a lot of jobs that come out of this. reporter: this is two-for-one, a trim package and a massive one to satisfy both wings of the democratic caucus. the reason it will be hard to coax liberal democrats to accept just the bipartisan bill. the big bill comes first, so the senate you take these two bills during most of july, and this probably bleeds into august , because pelosi says they have to finish those first in the senate before she will present them to the house of representatives. that's why we're talking about august and also, neil, i should note you know what hits august 31? the debt ceiling. they probably wrap those two issues together. neil: yeah, i do know, janet yellen, the treasury secretary was much more concerned about that debt ceiling deadline

because all of this goes if you don't have that, but this break down of the republican s supporting it, actually it's a total of 11 republicans, 10 democrats, are the votes just there, on that basis, alone in the senate, to get this done, leaving aside the house and where everything goes there. reporter: up clear, there are really three questions. do you have enough votes in the senate based on this bipartisan plan? you probably lose members at the edges, maybe 10-15 on both sides , on the democratic caucus, and also in the republican caucus so you probably get something in the middle but the hope there is then you can work the same, you know, vote matrix in the house of representatives where you lose some democrats and probably bring on board some republicans, but then it comes to that reconciliation package, where it's unclear that you even have 50 democrats there, because you have to get people like elizabeth warren and krysten sinema, again both wings of the caucus together that's a big challenge and that's why nancy pelosi is more than happy to sit on her hands for about a month

and wait to see what the senate comes up with and wait for them to get that reconciliation package first, so if the other bill, if the bipartisan bill goes away, they pass the reconciliation package which senate democrats could do by themselves and then she's able to pass a more liberal bill through the house and that's where most of her caucus lies. neil: i got it. you know, chad another question i have concerns taxes. now the president made very clear he wants to get the top rate backup to 39.6%, higher corporate taxes, that is not part of the infrastructure measure but the timetable for that gets pushed further and further back. that is just on the tax hike issue, that the president campaigned on. is there any sense growing that tax hikes might not happen at all this year? >> it's unclear, because you know, elizabeth warren, again, she said that she wants to make sure that the wealthier americans are taxed and that's part of this.

she says you know, we want to have child care and climate provisions in that reconciliation package, so you're going to have that pressure from the left. it's possible that goes by the wayside if they are able to secure other things but that's something that warren said today , and then we haven't even talked about the salt issue. there was a press conference here on capitol hill yesterday where you had members from high tax states from pennsylvania and new york and new jersey. democrats all pushing for this , but then you take the liberal democrats, you take the alexandria ocasio-cortez wing of the party and they aren't for that even though they represent those high tax states, you know, where they would benefit probably from a reduction in salt. neil: now, a number of those who support getting the salt thing addressed, i think we're north of two dozen right now, they said they would not support an infrastructure package that doesn't address and that's a separate issue, i know, but i'm wondering whether the issue isn't so much how republicans

vote but how democrats vote, that this is sort of tearing the party apart. reporter: yeah it definitely comes down to the democrats because there is a deeper cism there on the democratic side and that's where you talk about tom swazzie , a democrat who represents long island and new york and i mentioned alexandria ocasio-cortez just a few miles away in the bronx and they see this issue differently even though they are from new york and when you talk about actually how they can pass the bill it comes down to the math and that's where you start to have, you know, a bill that tilts more to the left, you ghetto casio cortez and you lose maybe swazee or vice versa and this is really challenging and this is why we'll be here all of july, all of august, that's why i went on vacation last week, because i intend to be here for most of august, especially with the debt ceiling coming up, i usually don't go away when congress is in session but i did last week, because i looked into my crystal ball and could see what was happening at the end of july and early august so brace yourself on capitol hill

in august. neil: you know, you're a great student political history, chad i wanted to pick your brain on this. i was surprised when we went to the white house where these senators came out and leading them was joe biden himself. rarely do presidents come out with the group they're meeting, and, you know, talk to the press how unusual is that? it struck me as very unusual. reporter: that was pretty rare. neil: very different. reporter: and what joe biden was probably trying to do here was present that optic. a he signed on to this package, that helps him get air cover probably among some of the liberal democrats in the house and senate who might not be part of this bipartisan group, and number two, he's standing also with the moderate democrats, joe manchin, krysten sinema, more conservative members like bill cassidy from louisiana, mitt romney as well, and so that sends a message. you know, politics is a lot about optics. it's the same reason why vice president harris came to the capitol the other day when they had the voting rights bill and presided. she could not cast a tie

breaking vote in that scenario but they were sending a message and again, the site bite, not the sound bite but the site bite sometimes is more important in politics and that's what that was about today. neil: i got it. site bite, i like that. thank you, chad very much, chad pergram, resident washington encyclopedia. again as chad is speaking you are noticing what's going on with the dow it's up 324 points again, wall street loves this and they can talk all they want about you better pay for it but wall street they don't really care how you pay for it as long as you keep the money coming but i do think this just my opinion here so you could all run the other way, i'm looking at the time table for those tax hikes, the president wants to raise corporate taxes and wants to raise taxes in the upper income, wants to limit deductions for the wealthy, et cetera. that gets pushed further and further back, so i want to go to liz peek and jack mcintyre. liz, i'm beginning to wonder part of the rally we're seeing is recognition that if this

thing doesn't include taxes , or tax hikes and certainly doesn't touch donald trump's tax cuts from 2017, the street likes that as well, that this is as much a response to that as to, you know, another trillion dollar spending plan. >> yeah, neil, i think that's probably right. i think overall, there's a sense that the biden agenda has stalled, and with it, $6 trillion new spending package s, massive new taxes on capital gains and on the wets it et cetera, those things were always problematic because a lot of frankly moderate democrats, forget the republicans for a moment but moderate democrats were going to stand in the way of it, so yeah, i think people are happy to see something happen, i guess, on infrastructure. a lot of companies were preparing to see orders from those flows of money. this is not a trillion dollars, i think this is more like an incremental 600 billion,

although you really do begin to parse billions and trillions with ease these days but i think overall, the market has to be kind of happy to see this sort of moderate position take hold. neil: yeah, only in this day and age, can a trillion dollars be repurposed funds or not half of it being considered a bargain, but jack, i'm getting back to inflation here, and the worry that whether it's a trillion dollars, half a trillion dollars , it's still more spending, you know, there's an argument to be made that when you keep spending the government keeps printing that dough, that we all pay for it. is that a worry or is that like a scarlet o'harra, i'll think about it tomorrow, deal? >> well so neil look at the bond market. doesn't seem to be worrying the treasury market yields have been pretty stable and here remember infrastructure, it's great but this is drawn out over a number of years, eight or 10

years. we're going to go through a fiscal cliff, and you know it's not that we're not cutting back on spending it's the rate of change and we're not going to spending a boatload of money this year, we can't spend the same amount of money next year, so there's going to be kind of a negative feedback from that, but yeah, remember you got the fed, powell, williams, probably the most important guy sounding a little bit more dove ish so it's a good environment for risk assets, equities in particular right now neil: liz, are you worried about inflation? >> yeah, neil. i've been writing about it for a couple of months. i think that this chorus of talk about it being transitory is wishful thinking. i don't think they know. we have no, absolutely no precedent for the amount of monetary and fiscal stimulus we're seeing days coming at the same time, and also, coincident with enormous monetary stimulus also in the eu, so there's just

a giant flood. i mean, $8 trillion increase in the ecb and fed balance sheets year-over-year plus a huge amount of fiscal stimulus, so i think it's showing up everywhere yes, some of it's base-related that is prices last year are being extremely low in things like airplane tickets, but it's also showing up in menus, in food, rents. rents are going up. that wasn't expected. home prices, gasoline, it's pretty pervasive and it's leading also to wage increases so you have an unvirtuous cycle of employers raising wages because their employees have to have more money to pay for goods and also, labor shortage which is exacerbating that, so yes, long answer, short answer, yes. i am worried about inflation. neil: got it. now, at the white house, we're going to go do blake burman right now. that has not come up as a worry or an issue for the time being

even with this new spending initiative here. blake what can you tell us and what is the administration planning for the rest of the day reporter: we do expect, neil, to be hearing from president biden at some point here this afternoon. you heard the comments from the president and that group of 10 senators just a little while ago. five democrats, five republicans , the meeting lasted give or take about 32 minutes earlier today here at the white house, so i think it's safe to say that that was probably a last minute sign-off of face to face gathering ox this group and the president of the united states sort of signing off on this plan before going out to the world and saying yes, we do indeed have a deal. of course the next couple questions are pretty big ones. they've got a deal, but can it pass up on the hill? you and chad were talking about this. they are going to need bipartisan support in the senate and then they will have to get bipartisan support in the house as well. one of the senators in the group was saying essentially that they will see from here how it goes. they hope to get it across the

finish line, but also, the democrats in the group and the president himself today, also signaling that there is also going to be another track as well and that being the reconciliation track, to just hit the pause button there for a second. this is a give or take trillion dollar infrastructure package as we know and as you've been talking about the biden administration and democrats here in washington want something much bigger than that. the initial american jobs plan was $2.2 trillion, the families plan was a shade under that as well, 4 trillion in total, so when you have 1 trillion or so, right now, clearly there's a lot more that democrats want to do going forward, and that is something that we will do at some point down the line, try to pass other priorities from within their own caucus. there's questions about of course whether or not if support in the senate to do that but in any event right now, a deal. the question then turns to how much support does this have up on the hill and then for democrats, can they get the other priorities with their go at it alone strategy.

neil: you know, blake, a dumb question but you've endured them but i'm looking at the time table and calendar for these guys. when you can push things like tax hikes through this. it's an uphill fight for the president to get that, or to get those tax hikes by the end of the year, as i see it , given the calendar. what are folks telling you? reporter: remember, neil, the last time that an administration completely revamped taxes, it was the prior administration, the trump adminitration. they started talking about it, i'd could be wrong, some time around march or april, and that law was signed at around christmas, so there was like that eight or nine-month runway of them getting it together, going through it, putting the support, going through the legislative process, et cetera. so the most recent evidence that we have is from about four years ago and you're right. it did take some time. here we are at the beginning of summer and you know, if there is a tax increase that the president wants as you've been talking about on

corporations, on the wealthy, capital gains and on down the line that is that reconciliation track. the go at it alone strategy from democrats. might they be able to do it? sure. we'll see who knows, joe biden mansion by the way, who was at one of the 10 out here, has previously suggested that he might not be comfortable with that strategy again, but we'll see. you're right. to completely revamp taxes, at least from the latest example that we have of a few years ago they take some time. neil: blake, thank you very much for that again the dow about 353 points the nasdaq in record territory i think it is the third straight day it is, for in and out of the records the dow has a percent or so to go before it is at a record but i'll check with charlie brady our stock guru on that who will no doubt correct me on this but at least the s&p and the nasdaq in record territory but again, a lot of it has to do with the fact that they scored a deal but it's a deal that doesn't include tax hikes.

now, whether that is inflationary, whether that's your cup of tea, the feds robert kaplan, the president is on the wires right now saying that there's upside risk to his forecast for 3.4% inflation this year, and 2.4% inflation next year. so that consensus that things slowed down next year, that these inflationary spikes are short-lived transitory if you will, kaplan was in that camp as well but not enough to say we don't go higher than the 3.4% price hikes or overall inflation for this year, and still stay fairly high next year we'll have more, after this.

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well on the market reaction to this. they like what they're hearing as does the chamber of commerce out to say that this bipartisan deal will be good for the economy, good for the country, so again, a collective sort of sigh of relief at least from the financial community, that this stimulative measure can go through, and it isn't so stimulative or so massive that

it could be instantly inflationary, although that is in the eye of the beholder isn't it? in the meantime, we're keeping an eye on some of the other cross-currents of the economy including the vaccination rates that is really the underpinning as america goes back to work, more people get vaccinated the fact of the matter is we might not be up to that 70% vaccination rate the president wanted by july 4. lydia hu following all of these developments for us, what can you tell us? reporter: yeah, neil we expect president biden to be traveling to north carolina later today to encourage vaccinations there, because that state is lagging behind the country with only about 42% of its population fully vaccinated, as you mentioned the biden administration acknowledged this week that they will miss that july 4 vaccination goal to have 70% of american adults partially vaccinated and 160 million americans fully vaccinated, as of yesterday. we're at about 65.5% of the adult population having received one dose, 150 million americans are fully vaccinated.

now, hesitancy is prevalent had in some states. the lowest among us are mississippi with only about 29% fully vaccinated there and alabama with only 33% but with this push to return to work and school, some employers and hundreds of universities are mandating vaccines. the city of san francisco is among the latest employers to mandate the shots for its city workers. at least one employer, houston methodist hospital, dismissed employees who have refused vaccinations more than 150 employees were terminated or resigned this week. that followed a lawsuit against the hospital system, challenging the mandate. now, the court in that case sided with the hospital in upholding the vaccination requirement and several other lawsuits have been filed around the country against lawyers. now this comes as the american medical association weighed in on mandates earlier this month, saying that vaccine mandates should wait until vaccines receive a full approval, which

is expected to come soon, both pfizer and moderna, neil, have applied for full approval but even then, the american medical association says mandates risk alienating people who are distrustful of authority and they believe that herd immunity can be reached through robust public education campaigns. neil? neil: all right, thank you for that, well this is getting to be a very hot and sticky topic for a lot of businesses that are welcoming back workers but if you're morgan stanley you're requiring those workers first to make sure they are vaccinated or they cannot go into their offices. jpmorgan chase taking a bit of a different attack, highly recommending it but not ordering tom gimbal is lasalle network ceo. tom what do you make of this back and fourth and whether you can actually enforce this? >> well we'll see what happens in the legal community, but what we're seeing is the majority, we're talking really in two different americas. there's big urban areas where people tend to have more heavily vaccinated and we have more

rural areas where they aren't as much. when you're in new york and chicago, san francisco, la, and so forth, there does tend to be a higher percentage of employees who are vaccinated at the get-go , so in doing that, you're appealing to the masses more than it's a ceo mandate, because people want to be healthy and children under 16, they aren't vaccinated yet, so if you bring people vaccinated in, they can be carriers and there's only a, not only but a 97% effective rate, they don't want to bring it home to their kids so you can't appease everybody and you've got to do what's best for the majority. neil: so the businesses that are enforcing this policy and none are sort of as blunt as morgan stanley and jpmorgan chase highly recommending it but not says if you're not vaccinated don't bother coming into the building but i'm wondering as more and more begin this reopening returning process , i believe in the case of morgan stanley, it starts as soon as early next month. this is going to be a big topic,

isn't it? >> it's a huge topic, but what people need to realize is the reason things are opening up is because such a large percentage of people have gotten vaccinated, so there wouldn't be any chance of even going back into the office if people weren't vaccinated to begin with , and then we have this double-edged sword where people are now saying, well i shouldn't be punished if not being able to go in but i really only want to go in when i want to, so we have this rule of wait a second. you want it because you can't have it but yet you're not willing to commit to come in five days a week, and that's not fair to the employer. remember, there's a social contract, neil, that exists. the employer says i'll pay you. the employee says i'll work for that money under the guise of what the employer says it's called an employee handbook and everybody usually signs off on it so now to say well i don't want to come in, but i also don't want to get vaccinated, we've got to give some rope to the employers a little bit here, and from the lawyers i've talked to i think the courts are going to be fairly sympathetic to the employers coming out of a global

pandemic. neil: thank you, tom, we'll see how this all sorts out tom g imbel. we're getting a few more details on this infrastructure package that joe biden and bipartisan group of senators say is a deal and acceptable deal to both parties. it's not the entire party, of course and each side republicans still concerned about the price of this , even though with re purposed funds that amounts to a little more than only half a trillion dollars, but the bottom line is that the real problem could be within the democratic party progressives are very concerned that the president might have gone too far in winning over republicans and made this thing too cheap, as if being under a trillion dollars makes it too cheap but these are the times we live in. markets like it though because it's something without being super crazy i guess. ♪ ♪i've got the brains you've got the looks♪ ♪let's make lots of money♪

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old question. where is john mcafee going? >> unless he's running into the woodwork, i did the video in self-defense just because the labels attached to me were growing daily, so what i really want to do is retire peacefully, like i thought i was doing when i went to belize. i'm looking around now for other places to retire. i love america. it is a great country. neil: you might not know the name, you know that john mca fee is the software anti- virus software, he popular ized back in the 1980s long before we had hacking oral of these suspicious activities but well that sale made him very very rich but he sold the company. he was always hounded by the media, by government and in fact, he committed suicide in a spanish prison awaiting extradition to the united states , over tax evasion, but the fact of the matter is, he is in that group of iconic tech figures. i would include steve jobs and bill gates as someone who saw

trends that were developing, to think in 1987, that this great buzz and excitement over personal computers could also come with some dangers. he famously said, your smartphone is spying on you and he wasn't that far from being correct. bottom line is he invested in a lot of things, bitcoin, cryptocurrencies, again a more recent fad, though financial transactions and what were right and what were wrong and what were legal and illegal, we'll never know but we do know that an iconic figure in the technology world is gone, charlie gasparino covered him as well over the many many years very interesting fellow, charlie , very interesting fellow charlie: yeah, and the story, i don't think is going to go away just with this. you know, here is the interesting thing, neil. when iconic figures like this die or they are connected

with a potential scam, it does spur a government interest in following up on that scam, and i will tell you that john mcafee was neck deep in cryptocurrencies. there's always been rumors and reports that he was doing illegal pump and dump schemes involving cryptocurrencies, i'm not saying he did, it was just the rumors. he was not in jail over any of that and not charged with that he was charged with tax evasion. be that as it may, there's going to be a government follow-up on this and i think his connection with crypto, at least according to the sources i speak to, is going to spur even more government oversight, because they always react to the story at hand and, you know, it's kind of interesting what we've been hearing from our sources is that the justice department is really ramping up its efforts to crackdown on cryptocurrencies, that it's some of this is related to the issues and, you

know, obviously, this and what we do know is that they're looking for a trial attorney on top of everything else to basically bring these cases against alleged fraudsters in the cryptocurrency world. they are posting for a trial attorney, so they really are going forward with this thing and they have like a task force on this , so yeah, one of the things that you have to worry about with cryptos and the cost of it is and the price of it is regulation and stuff like this , with mcafee spurs that regulation because there's always talk about him being involved in sort of the nefarious dealings. again he wasn't charged with that. he was in jail for tax evasion and then there is the whole story about mcafee which is a whole separate story and his time in belize is a whole documentary about that. i think, i believe it's on amazon or netflix it was fascinating stuff and his tweets

where he basically, he said listen, i may end up like epstei n, and if you find me dead it'll be the same reason, i think that's one of his last tweets. he was an unusual guy, i brilliant guy as most unusual guys are, so this is not the end of john mcafee. i'm pretty sure we'll keep hear ing about it and i think they are focusing largely and look at his dealings in crypto, and i think this is going to spur an even more, bigger regulatory crackdown on this. you just can't escape it, but i mean, it was an interesting interview you had with him in 2013. by the way he did not exactly live a quiet life in belize if you watch that. neil: he did not. i did watch it. you know, i'm so glad you said that, but you know, people forget. he was like the elon musk of his time saying crazy things that, you know, got regulators

attention all over the world and we don't know a lot of these tax dealings and all but he wasn't afraid to speak his mind, and some of his warnings on technology and hacking, all of this stuff so eerie. charlie: he's a brilliant guy and brilliant men are flawed just like not brilliant men, like me, but so i could just tell you that sometimes -- neil: you're not flawed. charlie: the smart it you are sometimes the more flawed you are. neil: that could be a problem. charlie: but there's a practical impact here and i think it's part of this whole crackdown i'm describing, the hiring, the doj expanding its crypto task force, hiring a trial attorney, they believe there's illegal stuff here and, you know, and they are clearly looking at mcafee's involvement in some of this stuff. back to you, neil. neil: got it. all right thank you very much charlie gasparino. as charlie was wrapping up there we're getting word a little bit

about what's in this infrastructure package but $100 billion in revenues realized from greater enforcement at the irs. that is not a tax increase per se, but obviously, if you get the irs more muscle to go after folks, the hope there is that this is the hope again from those who want to pay for this that you can extract 100 billion from that and magically, pay for part of it. i think that's a bit of a leap but again that's one of the things they are citing right now, senator rob warner of course, among those saying that's tucked in there. i'll be speaking to him by the way at 4:00 p.m. eastern time on your world, in the meantime, happy to be speaking to the washington examiner, and sarah you wanted to get into other matters which we agreed for this interview but i did want your thoughts on what your sources are telling you about this infrastructure package, and whether it can pass what do you think? >> well, we're hearing a lot of frustration from the progressive s from the left wing of the party that biden has engaged in these bipartisan talks in the first place.

he wants to show he's still the same bipartisan deal maker as he was when he was in the senate and that's kind of why he's been pursuing the bipartisan track of the infrastructure bill, but progressives are increasingly pressuring him to focus just on the reconciliation piece, that is the one that will include all of the climate policies and the social welfare programs and things they've tried to pass off as infrastructure that they want to do on a party line vote, but essentially, they have to buy the votes of joe manchin and krysten sinema who have said they want to see an infrastructure package passed on a bipartisan basis before they support the partisan version of an infrastructure package, and so biden still has to engage in these negotiations in order to get his other wish list of items. neil: he's really beginning to tick off progressive, right? they don't think his crime speech went far enough, and that many on the far left already think that a lot of this , the

crime wave has to do with just overly-funded, overly aggressive police, but then this , an infrastructure package that is much tamer than we thought, how bad is this getting , sarah? >> well, it's not just on infrastructure and crime, where there is this rift between progressives and biden. they have been frustrated with his immigration policies, they have been frustrated with the fact that he did not really champion voting reform that he hasn't pushed for a gun control bill other than mentioning it in his joint address to congress and on israel, for example, they were frustrated that he was seen as being too pro-israel and not supportive enough of palestine so that rif is running through a lot of issues in the party and on crime i think what biden is doing is distance himself and distance the mainstream of the party from the defund the police movement that just objectively has contributed to a rise in crime in the cities that

did cut their police budgets, but it didn't help anything with the democrats real vulnerability here which is the perception that they aren't willing to just take crime on, head on, that they are going after the guns that criminals use or the community around them, but they aren't really talking about simply taking criminals off the streets, and putting an end to the violence and so biden didn't do anything to change perceptions there, that what make democrats so weak, it's not just the defund the police movement but also the culture of demonizing police and the culture of not supporting law enforcement as crime proliferates. neil: boy things have changed though, right, sarah? last week at this time he was like fdr still on steroids and now he's mr. moderate, and so, you know? things can change in a moment can't they? >> they can, and you know, you look at the new york city mayoral primary, a great example of the kinds of data that the democratic party is looking at, where eric adams very pro- police, law and order

primary candidate and the democratic party won pretty overwhelmingly at least in the early returns before the voting so that's the thing that democrats are looking at they are looking at polling that shows in these battleground states that voters are overwhelm overwhelmingly concerned with public safety and they are starting to blame the problems on democrats, and it's not just about the budgets, again, it's about the fact that democrats have really put a lot of blame on police causing officers to flee the force, so staffing shortages are contributing to a lot of these problems, so biden 's tinkering on the margins with adding more money to local police units, and community violence intervention programs or whatever else he proposed. still doesn't go after the real problem here, the democrats aren't seen as supportive of law enforcement. neil: it's well-put, sarah you're right. we could talk all we want about all of the rocketing crime statistics. that statistic in the new york mayoral race where the base made it very clear, the democratic base, that crime was a far far

bigger worry. that changed a lot of things. sarah westwood, the washington examiner thank you very very much. meantime we'll be heading back to florida and get an update very soon on that condo could legislation, still more than 50 people are missing it's hard to figure though, this building also has a number of short-term rentals and there's simply no way to track those people or whether their families even knew they were there. stay with us.

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tower, 1:30 a.m. this morning most of those people residents, most of the them asleep at the time, 55 out of 136 units that north eastern side of the building, just collapsing. really forming about three stories of pancake debris right now. as far as the number of missing goes local officials talking about 51 people still un accounted for , that number expected to continue to change, one confirmed dead, 36 people arrested overnight, and the florida governor insisting that this is very much still a rescue operation. here is governor desantis. >> they are in search and rescue mode. they are trying to identify survivors i know they have made contact with some, and they are doing everything they can to save lives, and that is ongoing, and they aren't going to rest. reporter: the cause of this still unclear, governor desantis saying to figure out the engineering, what made this happen, could take up to a week. neil, back to you.

neil: steve harrigan, thank you very very much the other big story we're following that infrastructure plan that the president has detailed apparently that this new plan includes $579 billion in new spending, a lot of the dough for this is an equal amount from repurposed covid funds. stay with us. ♪ ♪ (upbeat music) ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ incomparable design makes it beautiful. state of the art technology makes it brilliant. the visionary lexus nx.

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neil: all right, we were going to talk about the very rich like warren buffett but i do want to link you to the infrastructure thing because a lot of government spending going on and here is the guys, the big big philanthropist just given away another 4-plus billion dollars, five different charities not all going to the bill gates and melinda gates foundation, by the way, in fact he's taken himself out of the trustee role there so there's something going on but having said that, he's re purposing his funds before the government can get its hands-on those funds, so it's kind of telling. liz peek back with us, jack mcin tyre. jack, essentially warren buffett said i want to give it all away, but he's also saying by saying that that i don't want to leave it all to the government. what do you think of that? >> oh, it's a smart move. i mean, we are, neil, we're in

the era of big government, and we're moving towards even bigger government, so if i was advising him i'd tell him, he's 90 years old and has a lot of money to give away but start it now so you can have, you know, you can send it to exactly where you want to without having the government reach in and take some of it. neil: you know, liz, it's interesting that he did take care of his children, that is, you know, they are each getting i guess $2 billion, but i'm sure they think well dad, you know, at the height you had $100 billion, or do they just have to live with the $2 billion >> well, it's sort of an old and time-tested way to transfer money to the next generation, neil, and i think warren buffett , years and years ago, said he didn't really want to leave his kids any actual money, you know, for them to spend but leaving it to the foundation is pretty attractive as well. these four foundations that are mentioned, these guys that run

these, that inherited this opportunity, if you will, can use those moneys to further favor causes, to enhance their position in their communities. i mean let's face it having a big foundation at your back is not such a bad thing so that's very nice for warren buffett's kids. there's a forbes headline out about how to bolster your philanthropy. if you have $100 billion it's pretty easy to do. [laughter] neil: it's pretty easy to do. you know, jack i've already told my kids your mother and i are spending every last penny, you get nothing nothing. and i just thought they should be prepared, but i mean, how much do you leave and this is the battle royale among the very rich, right? >> it certainly is, because there's a fine line, obviously, if you have assets you want to make sure that your kids can take that and grow and have a great life, but you don't want them to be fat and lazy either. neil: well, the lazy part, but

who are you calling fat, young man? >> [laughter] neil: well put. very well put. if my kids are listening, nothing! your mom and i are vacationing. all right, thank you. we'll see how all that sorts out but it is a big battle. these guys who think the government should take more of our money, when they call the shots, they're making sure it's not government that gets that money. maybe just me, but again, that's just me. we'll have 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. but wherever you are on your journey. your dell technologies advisor is here for you

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1-800-763-2763. that's 1-800-763-2763 ♪ e. neil: getting a bunch of email wondering, surely you will leave something for your kids, neil? no, i leave that to people like charles payne, very generous, compassion in the human being, good to his kids. that is where i leave it. charles, to you. charles: thank you so much, i appreciate it, neil. i'm charles payne. this is "making money." breaking right now, they bought the dip. individual investors are crushing it, pouring more money into the market than ever, sticking it to the naysayers in the process. they're determined to control their own destiny. is it time for wall street to recognize an regulators level the playing field? he coined the movement and coined the word, dave portnoy. sahe