can we see vice president harris, please? she has just -- she is now visiting the port of entry in el paso. that's where she is, inspecting a border facility as we with speak. now stay tuned, everyone, 1:30 this afternoon eastern time the vice president holds a news conference. she'll be asking -- rather, she will be answering questions. my time is up, but i believe, neil, you're in? it's yours. neil: i am. every other day, stuart. anyway, thank you very much, my friend. we've got a lot going on. we are following kamala harris, the vice president, she's finally at the border here. a number of critics saying she's not where she should be, el paso is not that, but she is there, is going to be talking to the press. we will be getting reaction to that. it cuts both ways. we'll also be looking at other news concerning the markets right now. they're racing ahead just fine, the dow now continues its upward lift are about 225 points, the

s&p after hitting records yesterday, on course to reeat that in likely what will be the -- repeat that. let's get a read on what to make of these incredibly resilient markets, infrastructure spending, bipart is san agreement. that is not necessarily a guarantee, but the tact that right now -- fact that right now it seem to be good news. gary kaltbaum is here, hal lambert is here. good to have both of you. gary, if i could begin with you on the market's reaction to infrastructure because that's what gave this a little bit more of a steroid kick yesterday. but there's a lot of details that we still don't know, like exactly how much spending we're looking at. they say a little bit more than a half a trillion in clean new spending with few ways to actually pay for it. there's also concerns that it will be attached to a far bigger, more worrisome spending package down the road.

seeming to think that might not be the case, but where are you on this and how the markets are reacting? >> it's pretty simple what happened yesterday. as soon as it was announced, caterpillar, cement company martin marietta materials, unitedded rentals and anything having to do with the buildout of infrastructure started getting a bid. it continues today. i'm not short -- because we do not know, president biden says he's not shining anything unless he get -- signing anything unless he gets the rest of the matzo balls he's looking for. the biggest issue though is new highs beget new highs in the any market, and when you have the nasdaq, nasdaq 100 and the s&p there, it's pretty good news. dow's still lagging with a few down names but, you know, so far so good. the easy money ig got continues. the fed blinked last week when the dow dropped 1189 points and

dropped think thought process of -- any thought process of what they call tapering or tightening, and i think we got another good couple of months to come. neil: you know, hal, i've got another theory on what's going on with the markets, the response to this. and gary's patiently kind of nodding his head at these musings, because he know they're that of a madman. but i think the markets are digesting the real likelihood now that forget about whether this infrastructure comes to pass, tax increases will not come to pass, at least this year. they'd have to really skedaddle fast to do it, and i don't think they can or will, and part of this runup has to do with the market seasoning that as well. what do you think of that -- sensing that as well. what do you think of that? >> i think that could be part of it, neil, because the tax increases, biden's already kind of given up on the corporate side of it. that seemed to be a nonstarter, and now they're saying we're going to raise it on just individuals making over

$400,000, i don't know that there's support to do that either. i think you're exactly right, it could be difficult. i think the other thing that's happened is the fed coming out saying they're basically on hold all the way through, up to 2023 which i think is pretty crazy. i think there is inflation. i don't think it's transitory, and i'll just say this, i think when you look at the unemployment numbers, we still have high unemployment. i don't think that's correct because you have millions of people that are effectively employed by the government to stay home. and so if you look at that the checks people are actually getting into their pockets, the money they're getting into their accounts, tucked really say unemployment -- you could really say unemployment's probably closer to 2%, and if we truly looked at all the money being paid to people not to work and you factored that into the true unemployment number, would we say the fed is responsible for not raising rates if we had a 2% unemployment number here instead

of 6 or 7% unemployment? i think that would be considered irresponsible. but as long as that's happening, there's nowhere to go but the stock market, and when you have bill like this that are potentially going to come out, it's just more reason for people to put money into stocks. neil you know, he raised a good point there, gary, and i want to get your thoughts on this notion that maybe the fed is behind the curb here, transitory or not. -- behind the curve here. but you already see that there are some signs, you know, including the university of michigan numbers which dipped a little bit, as well as sometimes extending ease even as overall other key prices were moving up that maybe, maybe the consumer's slowing down a tad. and with all this accompanying runup, i don't want to raise the stagflation issue, far from that, i grant you. but that's kind of something that sort of bubbles beneath the

surface in prior inflation runups. what do you think? >> well, if we get stagflation, we're see the dow at 125,000. it's the worst possible scenario. and if to be clear, we have inflation right now, and even though a lot of prices have come down -- lumber, you know, did an eiffel tower move straight up, straight down -- things are still way up from a year ago, and the longer it stays up, it's bad news. so if we get a good of -- good dose of a drop of the economy with that, i suspect the fed will keep doing what they're doing, if not more, which ultimately is not good news. it's enabling massive debts and massive deficits, but we're not there just yet, and the market's saying something else. i've got a whole list of retail stocks today breaking out into all-time highs, and usually the market's pretty sure about these things. so i think probably the economy's in decent shape here. of we're still opening up, over

2 million people through tsa now, and if people get back to work and back in the offices, those numbers will pick up too. so i'm not swting the economy that much. but as you say, if things head south and inflation heads north, bad news all abound. neil: yeah. i just wanted to lay out the big, big picture, not getting signs, just wanted to pick your guys' brains. stick around, because i will want to address what's happening with bitcoin later in the show. in the meantime, back to this infrastructure package. it is not a slam dunk, despite the bipartisan talk, a lot of republicans saying, for example, hey, we've been double crossed on this. it might be kabooky theater, but chad pergram following it closely on capitol hill. where are we on this? >> reporter: things were rosy for about five minutes yesterday, and can then two things happened. democratic leaders said they'd accept the bipartisan plan but still craft their own massive $6 trillion bill. that bill is stocked with lots

of democratic goodies. >> i'm not asking for perfect. i've been around the senate long enough to know nobody gets everything they wanted. but understand this, we're not leaving childcare behind. we're not leaving home health care behind. we are not leaving the green energy changes that we need to save our planet behind. >> reporter: president biden and democratic congressional leaders are pushing the larger bill. it's an effort to court liberals like warren. the senate minority leader, mitch mcconnell can, believes democrats through the bipartisan coalition of senators under the bus. >> put my members, including myself who were optimistic about doing a bipartisan infrastructure bill, in the position of our democratic friends having to guarantee that the 2017 tax bill is unwound, that's our one red line. >> reporter: in other words, why would the gop accept the smaller bill if democrats will

form ahead with their own big bill? the president says he will not pick and choose, he must sign both. and liberals like alexandria ocasio-cortez criticized democrats for even working with the gop. she says the bipartisan accord is not diverse enough. neil? neil: chad, thank you very much. bob cusack with us right now, "the hill" editor-in-chief. bob, you're the expert on this, i'm not, but i'm beginning to think that it's like a professional wrestler here, they're each assuming positions that they don't really passionately feel strongly about. obviously, republicans are angry that this was sort of a way to rope them in to signing an infrastructure package, but the president can't force twin measures and force them together. he can threaten all he wants, but i can't imagine a situation where he's got an infrastructure bill on the table and he torpedoes it because the other thing isn't ready for prime time. what do you think? >> well, i think this deal is in

major trouble. i mean, what's the motivation for republicans now that they're tying these two bills together? i just don't think they're going to give the president, i mean, politically why would you give him a bipartisan win if he's going to move a $5-6 trillion bill that would, as -- neil: but do you think he would do that? i guess what i'm asking, bob, do you think he would ultimately do that? the president's no dummy when it comes to how washington works. >> right. neil: he's trying to keep his progressive base, you know, soothed, and that's tough given the reaction he's already getting. but he's not going to risk throwing this away. he can just kind of dangle that out there for progressives but not torpedo e what he built with this bipartisan group, right in. >> well, neil, i think the answer to that question is who's going to be calling the shots. is it speaker pelosi and chuck schumerer, or is it the president? and i think, you know, nancy pelosi was the first out of the gate saying i'm not -- the house is not acting on this before we

we get two bills from the senate. she may be waiting a long time. it's going to talk a while to do that, and that's where the power struggle is, i think, between pelosi and the white house, schumer also. because, obviously, i don't think they have a lot of incentive to do a bipartisan bill. the president does, but who's calling the shots? we don't know yet. neil: so, bob, one other question my staff -- sometimes when i get an issue, i get over the bone pushing it. but art of the market rally in me is based on this notion that things are delayed, staggered, and that includes probably more importantly to the markets, these tax hikes, corporate tax hikes which were always in question and the individual top rate tax hikes which were always maybe in doubt at least as far as immediate. and i'm beginning to see a scenario looking at the calendar, very unlikely it'll happen this year, the tax hikes. so is that, in your view, possible? that we don't see tax hikes this

year? they might be retroactive if they're announced late in the year, but that's unlikely, seems to me. more of a 2022 event, if that. >> if that. i think you're absolutely right, neil. some of the ideas like taxing unrealized capital gains, they can't pass with these slim majorities. democrats have very, very narrow majorities, and there are a lot of moderates who are scared they're going to lose their job in next year's midterm. is so i think if they get anything on taxes, what they're going to get is very minimal compared to their big, grands owes plans, and i wonder -- grandiose plans, but they're not going to get these sweeping tax reform measures. they're going to have to pick up more democrats in the next election to have any chance to move this stuff. neil: real quickly, you could look at this as the weekend maybe, the administration blames it on crime after that new york mayoral election where crime proved to be a top concern to

the very base of the democratic party. then we have this move at the border with kamala harris today. say what you will of it, it is a response to growing pressure that this is bubbling as a hot issue. what do you make of this growing fear among, you know, democrats that they've got to be on offense and get off defense on this stuff? >> well, that's right. especially with harris going to the border. i mean, that's just overdue. she should have gone weeks ago. she hasn't handled it well, let's see how she doesed today. but from the white house point of view, they are responding to what the public is concerned about. that's amazing, that crime was the number one issue among liberal democrats in the mayor's race. this white house, i think it is smart to play offense and finally harris -- [laughter] going to the border just before former president trump gets there. i guess it's better late than never. neil: do you think that's why she's there now?

because he will be there next week? >> i think's part of the equation, absolutely. i think so. i think they were kind of stubborn on that issue, and if you're heading the border, if you're this charge of that issue, you've got to go there. you've got to see what's going on on the ground. the their credit, they finally realized that, but it was a mistake to go so late. neil: got it. bob, always great. i learn a lot. and you're very patient with my crazy, madman musings, but i appreciate that. [laughter] laugh. >> thanks, neil. neil: have a good weeking, my friend. the bible of all things washington, "the hill," editor-in-chief. as bob was saying, we've got the vice president in el paso, texas, right now. critics are saying she's in the wrong place, she's not really in the epicenter of all of this. be that as it may, she will be talking to reporters. she's seen for herself what's going on down there, although not the worst of the migrant situation. but she's there. and to bob's point, today that matters.

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♪♪ neil: all right, well, it took her a while, but after better than three months of running the border issue, the vice president of the united states is at the border herself. kamala harris in el paso. casey stegall there as well. casey, what's the latest? >> reporter: well, neil, i can tell you that the vice president is currently on her second stop here in el pass a sew, and this comes, as you said, nearly four months after we first started reporting daily on the situation down here at the southern border. and as you well know, during that time multiple people there both sides to have aisle, both republicans and democrats, have been calling on either president biden or vice president harris to travel here to the southern border, specifically texas, the epicenter, to see it all up close. anded today is the day. her first stop was at the el paso central processing center. she got a tour, and schoen she

met -- she met with five young migrant girls from central america. in addition to speaking with federal agents and other boots on the ground. right now she is at a very busy port of entry, and she's being shown an area where asylum applicants are screened. her final stop is back at the airport to meet with volunteer and and nonprofit groups who have helped the federal government during this surge. all the while, the vice president continues to defend the timing of this trip. listen. >> -- this is not a new plan. but the reality of it is that we have to deal with causes and have to deal with the effects. >> reporter: now, vice president harris has traveled to guatemala and mexico in recent months, as you know, and met with their respective leaders to help address what they call the root causes of migration. but since then cbp data has not shown any real decline when it

comes to apprehensions or encounters along the southern border. the vice president's office, by the way, also denying claims that this trip was scheduled because next week former president donald trump will be visiting as a guest of governor greg abbott. neil? neil: casey, thank you, my friend. all right. susana martinez joins us, the former new mexico governor. i know it's still early on in this trip, governor, but what do you think? >> well, i certainly think that she's avoiding the hot spots in the rio grande valley. and to go to, number one, to an office that's not on the border, to then go to the airport to see n negotiations and -- ngos and talk to five little girls is certainly not getting any flavor of what's happening on the rio grande valley. i mean, in the rio grande valley we have 219,000 that have been

apprehended and in el paso, 85,000. she's avoiding the crisis. she's avoiding it because then she can deny it. i think this really shows the caliber of the attorney general she was in california when she denies the crisis that everyone else sees. and it certainly shows the caliber of a vice president that she is today, and that is i don't see anything, i won't do anything. neil: all right. so i'll put you down as a maybe on whether this trip is successful, governor. [laughter] so let he get your take on where this goes -- you made that quite clear. let me get your sense of she will obviously go back to her boss, the president of the united states. do you think he should come? do you think he should get the see this? >> the president? absolutely. neil: yes. >> absolutely. we saw our president there. i mean, every governor when there is a crisis in a state, they go to the location, to the hot spot and headache hire that they have -- make sure that they have all the resources

necessary. the president absolutely needs to do that and not just send kamala harris to go to an office and then go to visit with ngos and go visit with five little girls and not actually go to where they're holding thousands of people and crowded and some of them with, you know, with covid-19. and escobar, you know, to say this is the new ellis island, well, i'm sorry, do a little bit of history here. when people arrived on ellis island, there was a process of those that had skills and could stay in the united states, those that were medically capable of working in the united states. we're not doing any of that at the border. instead we're just letting people come in and then fast we release them, there's an incentive to people from 62 different countries to come through the mexican border into the united states. her visit to guatemala and her visit to mexico was nothing compared to the 62 different countries, is she going to take the root cause and if fix those problems before she does

anything at the border? if she can chew gum and walk at the same time, she can make sure that she's having those relationships with those countries and fix the border, shut it down and make sure we have no longer illegal immigration through that border. neil: as you know, governor, governor abbott of texas wants to take control of building the wall himself. he's had a lot of republican federal governors send guardsmen to help him out with that. no word from the administration when it's going to, you know, a client's down on this because so much of this land is federal land. how do you think that's going to go? >> i think it'll be a challenge. i think that they're looking at whether or not it's private land, if they can get easements to be able to finish the wall. the wall has never been a total wall. i mean, this has gone on for, what, four decades plus? illegal immigration through our southern borders. and president biden going to the

border after he's been in office 44 plus years and hasn't come up with a solution? and to this day doesn't have a solution for what's happening on the border. instead, i think he's inviting it, inviting the problem and the crisis to the united states. so i think the wall is one of those things that helps the border patrol if, but they have many orr tools in their box to do it -- other tools in their box to do it. but the surge is so big that they can't manage it, they can't access all their tools because the crowds just keep coming and coming and coming. and so many have died on our u.s. soil. can you imagine what is being left behind on the mexican side of the border in the middle of the desert, in the heat? i mean, there's blood on someone's hands for allowing this kind of policy to be passed and allowed in the united states of america. neil: governor, while i have you right now, i don't know whether you've talked or looked at 2024,

but it seems like everyone's waiting to hear from donald trump whether he is going to run. i'm not going to pick your brain when you think he should or not, but there are a number of candidates who are holding off until they get a signal from him. do you think they should do that? do you think everyone should just step aside, wait to see what donald trump decides before running on their own? >> you know, i think that's certainly the conversation that those potential candidates can have with president trump. have conversations about whether he's going to or whether he's not going to, will he consider being the person that is the supporter of a candidate or several candidates to become the next republican president of the united states. i would rather have that conversation with him and see what he's thinking and what he'd like to do because i think he really likes the rallies, he really likes supporting senators and candidates and making sure that we're going to take over the house and senate. he enjoys supporting other people. and i think he's done a great job with several of our republican governors. and so i don't think that people

are necessarily holding off, i think that the conversations are being held with various candidates that are interested. neil: it's not in their interest to say that they're running until they get a green light from him, right? they're not going to do that. >> i think it's helpful, i think it's very helpful to have the president of the united states, donald trump, on your side, absolutely. he has an amazing base. neil: well put. governor martinez, it's very good seeing you again. be well. >> it's good seeing you too, neil. neil: all right. in the meantime, we're following a delta variant, it's accounting for about 25% of new cases, but it's all but shutting israel down, it's all but shutting sydney, australia down. and right now we have on the requires angela merkle of germany saying this could shut europe down. ♪ i only want to be with you. ♪ you can call me a fool, i only

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♪ neil: all right, a number of house republicans are leading an effort right now to hold their own hearing on the origins of covid. they're not getting, certainly, much feedback or help from the chinese on that effort, and facing some resistance from democrats led by nancy pelosi. let's get the latest from rich edson. hey, rich. >> reporter: good afternoon, neil. house republicans are hosting a forum next week to look into the origins of covid-19. this is not an official congressional hearing. republicans do not control the house, that means they do not control house committees, their agenda and what kind of hearings they're going to look into. so with that, the republicans say this country needs a public hearing into how this pandemic began. >> i still would call on speaker

pelosi to have the committees of jurisdiction have these hearings as well where subpoena powers can be used to bring people in, compel people come and bring the information forward and put it on the table so that america and the world can know what really happened, how this started. >> reporter: republicans say they're focusing on evidence the pandemic may have started in a chinese research laboratory, the wuhan institute of virology. this panel includes scientists and former health and state department officials under the trump administration. republicans have also invited dr. anthony fauci to appear, though because they have no subpoena power as the minority party in the house, they cannot force fauci or anyone else to testify or produce documents. secretary of state antony blinken has said the united states will get to the bottom of covid's origins and hold china accountable, though it's unclear what consequences the biden administration would consider. the president has ordered an intelligence review into covid's origins with a report due in a

couple of months. some former trump administration officials have called for sanctions for china refusing to allow a transparent investigation in china into the origins of covid-19 and for the chinese officials withholding a number of samples and information from early on about the virus. back to you, neil. neil: rich, thank you. let's go to dr. tom price. of course, you might remember him, serving as former health and human services secretary, also served as georgia congressman for many years, joins us right now on all of this. on an investigation or a hearing into the origins of covid, regardless of the politics of this, doctor, i always wonder if the chinese aren't going to help, if the chinese, you know, are just slapping this down as a waste of time anyway, where does this go? >> good to be with you, neil, thanks so much. that's the crux of the matter. and and we've talked about this from the very beginning, and that is that when this started

in china, there was not information forthcoming candidly out of china about this. from the very, very beginning. and so this isn't a surprise. i think it's important that we continue to work to investigate. you've got scientists now saying that it is as likely possible that this came from the virology lab as it is animal to human transmission. and we may never know. but it's important that the world understand and appreciate where the roadblock is to getting the answers to the questions that need to be answered. otherwise we don't learn from this in a way that would make the next challenge of a pandemic that much easier to take care of. neil: you know this new variant that's sort of hitting the rest of the world, a lot stronger than it is in our country, doctor. i'm curious what you make of it. it's all but shut sydney down for the next couple of weeks, sydney, australia. it's walloped israel where they

were making great progress. germany, angela merkel is saying for all of germany and europe, it's putting them on thin ice. what's going on with this thing? if. >> well, as you know and your listeners know, it's not unusual for viruses to mutate. and so the delta virus, the delta mutation has changed the covid virus in such a way that it appears to make it more transmissable, easier for one individual to infect somebody else just in the normal course of activity. now, the good news is that those who have been vaccinated, it appears that the vaccines -- regardless of the one that you got -- make it much less likely for you to have a severe case of the disease if, in fact, you becomen infected with with the delta virus. -- become infected. the challenge that australia has is that their vaccination rate, i believe, is still under 5%. so they haven't tone the kind of vaccination -- done the kind of vaccination program that would allow their population to have a comfort level with this variant

or any other variant that might come online, and that's why it's so incredibly important to continue to work on vaccinations in this country, yes, but vaccinations around the world. neil: do you think that among the unvaccinated that there could be a fear of a super-spreader event? for example, if they're at a mets game, you know, crowding with -- why they'd want to go to mets games -- [laughter] but the point is, doctor, that among that crowd they stand the potential of infecting that crowd, that this could, you know, be a problem? what do you think? >> well, it's much less likely in the states now for there to be a super-spreader event because of the vaccination rate. so the higher rate of vaccinations that we get coupled with the number of individuals, sadly, that have been infected in this country, you get to a point where the virus can't replicate or or can't transmit in the ways that it would for a super-spreader event. now, that's not true in other

countries. but that's, again, why it's so incredibly important to increase the vaccination rate here and around the world. neil: all right. dr. tom price, former health and human services secretary, former georgia congressman, a very calm force when he was at that white house. thank you. very good seeing you. be safe, be well. >> thank you. neil: we are still monitoring developments in florida after this condo collapse here. the sad news is they've increased the number of dead to 4 from 1 and also 159 are now unaccounted for. that has jumped about 60 over just the last few hours. we'll have more after this. ♪ ♪

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♪ >> just heard this big gush of wind, and then you heard it again, but this time something actually hit our window. and i thought, like, wait a minute, the glass is going to

break out. the fire alarms in our building started to go off, and we were all confused. so i called front desk, and he was, like, you guys need to evacuate, the building next to y'all collapsed. neil: all right. we still don't know why that building collapsed, why that condo essentially became rubble. what we do know is disconcerting things like the number of people still unaccounted for. it's up to 159 right now. we also know that the list of those killed in this tragedy is up to 4. we've got steve harrigan with the latest from surfside, florida. steve? >> reporter: neil, activity around that site has picked up tremendously over the past few hours. we've seen heavy equipment come in, cranes, bulldozers, also teams of what look to be urban rescue groups also putting on their gear, arriving by truck, bus and heading into that wreckage. you mentioned the cause of this collapse, still a lot of theories as to how it could have happened, but the mayor of

surfside really isn't buying any of them including the one that construction on the roof could have caused structural weakness in the building. here's the mayor. >> new roofs get put on these buildings every single day, so you wouldn't think that that would be the impetus or the trigger for a complete collapse not unlike what happened in new york in 2001. we had 12 feet between stories, you now have, you know, 12-14 inches. it's heartbreaking. >> reporter: officials here still calling this a rescue operation. there hasn't been news of any rescue overnight or throughout the day. they're using dogs, cameras and listening devices to try to find any sign of life, but they say what they're basing it on at this point is not a signal or contact from anyone stuck, but simply hope. you mentioned 159, that's the number of people still unaccounted for, up tremendously from the just 99 yesterday. so the scope of this disaster continues to widen each day.

neil, back to you. neil: steve, thank you very much. we get any further developments from florida, of course, we will keep you posted. stay with us. ♪ ♪ ♪ ♪ 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. that building you're trying to sell, on the 2021 rx 350. - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange.

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♪ neil: all right, we've always said that cryptocurrencies are

not for the faint of heart. doesn't this week prove it, up again, down again, up and then down, down today. man, oh, man, what a week. lauren simonetti assessing this so-called rogue investment field. >> yeah. that's a good way to put it. various currents that are weighing on crypto. so many headlines today, but the direction of the crypto market is down. this is the first one i want to talk about. bloomberg is reporting that robinhood, which is a popular trading app, they're going to delay their ipo set for this summer to fall because the sec is investigating their cryptoto currency business. they have a lot of novice trader, and about 10 million of robinhood traders trade bitcoin and other cryptocurrencies, so the sec is looking into it. el salvador, they're the first country that will accept bitcoin as legal tender, you can get paid in bitcoin, neil, alongside the u.s. dollar. and every adult, by the way, who

lives in el salvador, they're going to get $30 in bitcoin preloaded onto a government e-wallet once they download that e-wallet. and elon musk, he continues to be a bitcoin naysayer, and he often moves the market as he's today. he had a tiff with twitter ceo jack dorsey, a bitcoin supporter, who said he was so psyched about this upcoming bitcoin conference. this is what elon responded: how many bitcoin maxis does it take to screw in a lightbulb? that's a name for an arkansas -- ardent bitcoin supporter. there's going to be a must-see tv sit-down between elon musk and jack dorsey at the b-word conference july 21st. however, the issue i think many people would agree for cryptocurrency es is that they need institutional support, and they're getting more of it.

citigroup now helping its clients trade crypto. they're launching a digital asset group within their wealth management business. so prices for bitcoin, you know, it is volatile, but i have to say this week somewhat range-bound, right? and not the best news from jpmorgan. they see value between 23,000-35. so still a far cry from that 64. neil: not for the faint of heart, but there are a lot of players that are kicking it around, so you can't knock that either. lauren, thank you very much. gary kaltbaum, hal lambert back with us. hal, what do you think of crypto in general, the cryptocurrency arena? >> i like bitcoin. i think long term bitcoin is going to do well. i think, you know, this volatility that we see has been the norm for bitcoin from the very beginning. so i don't think it's unusual at all. by the way, i think it could easily drop to the mid 20s, i think 25,000 is really where i

think the next support level is, more like 25. i'm not sure where jpmorgan came up with fair value, because i think's very difficult to determine, but when you have countries like guatemala doing what they're doing, and if it works, you're going to see other countries do this, and i think that's going to be a key on where bitcoin goes. as far as elon musk goes, look, china does not like bitcoin, and elon musk has to do business in china. so, i mean, we could -- you could look at it from that perspective and determine whether or not he's, you know, listening to what china thinks or not, but that is a factor, in my opinion, on why elon musk is where he is on bitcoin. neil: interesting. you know, gary, you were taking a look at this washout phase that we seem to be going through, you know, late last week, and now it stabilized a little bit. begun, these gyrations that are not, you know, your widow and orphan stocks and investments. but where do you make of -- what

do you make of where bitcoin stands right now in. >> at the coinbase ipo, i thought there was a crescendo top where everybody thought nothing could go wrong. in the last week, i thought a lot of people got washed out. but ill just be so careful. -- i would just be so careful. there's 2,000 of these coins. i think 90% of them are going to drop 90% from the highs. i find it worrying when jpmorgan would put a value on a coin. when all this is about what somebody's willing to pay. i know some of these countries are getting involved, but ooh i've got news for you, a lot of countries and businesses got involved when it was up 50% higher, and i believe micro strategy had a report of $280 million loss because they bought too much and ended up bond deal to buy more. there's some crazy stuff going on. i'd rather stay in the stock

market where i can really deal with fundamentals and know exactly what's going on. just be very careful with this and don't be the last one in. neil: yeah. but even the stock market is legendary for, you know, hood-winking investors into stocks. a lot of people remember the great amazon runup. oh, it's at 500 i'm out, if you had stayed with it, you would are done okay. having said that, hal, the china thing could play to the bullish argument of bitcoin and all these cryptocurrencies, right? what it's saying is we don't like them, but we like the technology. we just prefer our version of it. so how do you think of china as a force here? >> yeah, that's really interesting. i mean, china's version e of bitcoin, if they're going to do their own digital currency, i think it's going to be difficult. by the way, notice we don't talk about libra. libra was the coin that facebook was going to put out which, by the way, when they did that, i came out and said that's never going to work because i you have

to have confidence behind it. people are not going to have confidence, i think, in a digital coin from china. people, right now bitcoin's been around a long time. but with china coming out against it, who knows what's really going on behind the scenes. when they say they're going to shut down their mining, that should make it actually better for the miners outside of china, it ought to cause bitcoin prices to go higher if they're not going to be mining it. again, i don't know what china -- where china really is on it, but it'll be interesting to see what they do over the next few years on this. neil: looking at these type of investments, gary, because we always say these are risky if you got, you know, a strong stomach for this sort of thing and you ride this and you don't need the money right away for retirement or can kids' college. i always tell my kids it depends on the day, whether i want to support that earth. but i'm -- that effort. but i'm wondering if this all is a battle between not bitcoin and

stocks, but bitcoin and gold, you know? gold has traditionally been that safe haven in times of inflationary runup or pick-up in economic activity or just the scary world. bitcoin for a while was following in tandem with that. they've broken off of late. where would you side as a haven, bitcoin or gold, when everything hits the fan in. >> well, i will tell you i am pretty sure that gold would be a lot, lot higher right now if not for the coins. i think the speculative froth and the move -- i mean, listen, a ton of money were made in these coins if you'd bought 'em a few years ago. i wish i did. i think they've stuck gold as a big inflation held, and every time i think gold's going to get going, it hits the wall. i would have thought gold with would be 10,000 right now but, again, the coins are now a substitute, and i think that's the one thing the they have

going for it if inflation does rear its head. bitcoins may go higher. neil: we shall see. the battle is still on. we'll have more after this including the first ship setting sail in the united states tomorrow. after this. ♪ ♪ ♪ ♪ ...

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neil: you notice a great rush to

enjoy ourselves is happening again as the reopening of america ensues. you see in all sorts of ways and i think that one of the reasons as well, the market continues to move up, but this is happening at such a pace. new york, broad way shows that were supposed to open up in september, many of them are starting early. bruce springsteen is going to be doing a continued runoff his show, the boss, as he's known, already has sold out shows for that return just a couple of weeks. we've also seen reports right now that all of the major investment firms in new york are welcoming their workers back, most of them urging, and i put that in quotation marks here, because some are actually demanding that their workers and those who visit the building make sure that they are vaccinated first. then, you have news in the cruise industry where the first covid cruise ship set sail from the u.s. with paying customers tomorrow, we're going to be going to the royal caribbean ceo with ashley webster in just a bit but the impact of all of this with erin gibbs of gibbs wealth

management, andre wong constellation rose ceo and the significance of all of this and ray, i'll begin with this reopening going on. this is what prompted the spike in demand for all sorts of goods , whether they are commodities or cruise trips, what do you think of it? >> you know the big reopening trade is happening now and it's really focused on the services industry and the services sector if you've been in the airports you notice how crowded it is, the restaurants people are coming back this is definitely happening and what's interesting is i follow the tsa travel numbers they are at 77% of where they were at 2019 which is a huge bump and that's not including there's no business travel in there that's on the services side and you're seeingl but they are still trying to find folks to actually staff the restaurants, you're seeing construction also doing well but there's not enough folks to staff the construction and the supply chains disrupted. that's really, that's the real barrier in the economy but the reopening is there and the service economy is picking up, entertainment, travel,

hospitality, those are the places we'll see a lot of growth. neil: you know, with good news comes the fear of bad news, erin and you and i have reported the notion that the pick-up in activity is leading to a pick-up in prices. now, the prevailing view from the fed and the need reading the markets is that all of this is trans a r to it, but yet , we got another inflation number out today that shows we're running close to 4% clip when you look at underlying inflation, closer to 3.4% over alex expenditure inflation year-over-year. what do you make of it? >> well i think that the markets and you see the bond markets as well as the equity markets see most of the may reports still as a positive and seeing it as transitory, the big issue is that the acceleration, the speed that it was increasing has slowed down since april, and april was actually revised up, so we're overall, we're still seeing a lot of signs saying

that this is transitory. i know it's not fun when you're going through it but as people get back to work, this should be slowly alleviated. neil: so let's take a step back then, from the markets. it's interesting stat earlier this week, ray, that we're roughly trading at 40 times profits, that's fairly rich. now, the others kind of poo poo that and say well these are different circumstances, it's a different market. i always get nervous when i hear people say different this time, but your thoughts on that? is this market getting ahead of itself? >> well, the challenge right now is you're looking at asset classes that are actually performing, and big tech is still doing well, reopened trade is still playing, there's not a lot of place to put your money, and if you're looking for 15% yields or more, that actually limits the number of equities who can actually go after and of course asset classes that's why bitcoin was doing well up until the regulatory hit and that's why other asset classes as people are trying to anticipate reopen trade, are

trying to figure out what to do with reflation, those are actually driving a lot of the growth but at 40x, we actually look at the companies and if you go back to the fundamentals of earnings a lot of those big tech companies for example, are doing really well and still seeing double-digit growth, so i don't see any kind of caution yet at 40x multiple, maybe at 50x i'll be a little bit more concerned. neil: yeah, where are you on this , erin? >> so actually the valuations have steadily been coming down since mid 2020 so even though we talk about it being expensive it's actually relatively cheaper from a year ago, but i still see this , the market is looking so far ahead. we're not just looking at the past 12 months and not even really the next 12 months. we are really looking about the next 24 months and clearly, there's a lot of positive and again, as ray just said it's somewhat of a, what we used to call a tina environment. there is no alternative. the u.s. market is one of your safest bets when it comes to

equities and you do see people pushing up prices. neil: indeed they are, they continue to. guys hang in there because a little later i want to talk to you a little bit about what's happening in the technology world, and whose the coolest $2 trillion company, but in the meantime, whose cooler than ashley webster? he gets the greatest assignments right now in florida, fort lauderdale more specifically for the first cruise kickoff since before the whole pandemic hit. ashleys got a special guest. hey, ashley. ashley: hey, neil. your absolutely right, in fact i donald trump math and my math is not great but i believe it's 469 days since the cdc issued a no sale order going all the way back to march 14 or 2020. no cruise lines coming from any u.s. ports throughout the entire period, imagine what that would do to your business, but now, they are smiling again, someone really smiling, in fact he's laughing, is the chairman and ceo of royal caribbean, richard

fane. thank you for joining us you are smiling. did you ever think this day would come? >> well actually i thought this day would come a lot earlier than it has but it is marvelous it is here. you think of all of the suffer ing that everybody has gone through, not only the cruise lines but all of the people whose livelihoods depend on the cruise line, and now to have us back. i mean all i can say is yippee! ashley: listen how did you survive during that period, you had no paying passengers. how did you survive? >> fortunately we went into this pandemic with relatively strong balance sheet, nothing in anticipation of something like this , but it gave us a base to work from, and the fundamentals of the business have always been very good, so fortunately, we've established relationships with our bankers and creditors and investors and so they could look through this to the other side, and now, we're at the other side , tomorrow, we start the first sailing out of the united states. we've been sailing other places around the world, so this is a

big day for us. ashley: it really is and listen, you know, what are the safety protocols? i think the cruising industry really took a black eye back when the pandemic hit. we all saw the pictures of ships stranded and not being able to find a port that would take them and now, you're coming back. what would you say to someone whose thinking well i don't know should i take a cruise or not. what about the safety protocols? >> well obviously, we're going to be very careful about that, and the authorities are being very careful, but think back to what those days were like. it's hard, you know? it's 15 months ago. we were told please don't wear masks. we were told there are no tests, so don't bother with tests. so there were none of the , there's no medicine for it, so a lot has changed in 15 months. obviously, all those things have changed, we now understand the way to control it, we know more about the disease, but the big change is the vaccines. the vaccines are amazingly effective, and we're also able,

unlike any place else, so if you want to go into some other event , you don't know whose been vaccinated, you don't know who isn't, and they can't really do much, because you're only there for a couple of hours, but what we can make sure is that every single one of our crew members is vaccinated, and we can understand exactly who on board is vaccinated, so we have, for example, on this sailing, 99% of the people on board have been vaccinated, and that gives you a tremendous amount of safety. now we have other protocols, we have a healthy sale panel that advises us, the cdc, but the big change is the vaccines and then knowledge of the disease. ashley: but governor desantis in florida says no business can discriminate against the customer who doesn't want to get vaccinated which puts you in a difficult position because the cdc says we'd like everyone to be vaccinated. where does that leave you? >> well, fortunately, the vast bulk of our guests want to be

vaccinated, and so when we surveyed the 90% say they've already been vaccinated or they are intending to be vaccinated, but in accordance with our law if you want to come on board without being vaccinated, we have procedures that will allow you to do that so we do have some vaccinated, some un vaccinated people, but fortunately, the vast bulk of our people want to go the vaccinated route and it's much better for evidence when we do that. frankly, it's better in america, as we're all getting vaccinated. it's opening up the country. ashley: bookings are strong i understand? >> bookings have been remarkably strong. you know, i think people expect ed this terrible thing and will we come out of it? what we're seeing is people are tired of being locked up in their homes. they want to get out and they want to do new things so yeah, we've seen a lot of pent-up demand. ashley: by the way, neil, richard was telling me he's actually going to take this cruise. it's part of the sacrifice, he says, as being chairman and ceo,

spare a thought. >> yeah, you know, it's a sacrifice i have to do it, it's a tough job, but -- ashley: good for you, you're a company man. richard fain, ceo and chairman of royal caribbean, neil back to you. neil: you know, ashley, i could see you traveling behind him on a dingy wanting to get on to that puppy. ashley: [laughter] that's about all i can afford. thank you, neil. neil: yeah, right, great job, thank you, guys very very much. it is launching from fort lauderdale, florida of course is the epicenter of the big boom and comeback in the economy going on right now. seen that in rocketing real estate prices, to the lady who saw this coming certainly before i do and most people did, katrina campen, luxury real else it expert, much more very good read of trends in the real estate industry. katrina, thank you, it's good to see you again. is it still maintaining itself? we talk about real estate and the hot year its been and now we're, you know, bumping up against the affordability for a lot of folks and i know florida is a world of its own but what's

the latest? >> so neil, it's amazing. i've been doing this for 23 years, not to age myself, but i've never seen anything like this in this real estate market. people are, it's almost a frenzy to be able to hedge against inflation is what i'm noticing, and people are specifically going towards either residential real estate or multifamily, because those have technically been, you know, historically, the assets that have been able to protect against inflation, but we're seeing very limited inventory in miami and as a result of that, you still have people competing for the same products, people are still over bidding, they are waiting appraisals, they are paying over market, and we're seeing crazy numbers. i mean, you're seeing 20, 30, $40 million being paid for real estate with, you know, over market many times and many of these people are still coming from new york, still coming from california, they are re evaluating the importance of their lifestyle, but they are also hedging against inflation in my opinion, and i also think that the multifamily asset class

has been extremely interesting for them, because on, the turn over there is better, people need a place to live, and they can raise rents as a result if necessary, as opposed to commercial real estate, the office market where those leases tend to be longer term than let's say the residential side, so neil, it's continuing. we saw this coming, you and i have discussed this plenty of times, and i'm not seeing a change. also let's forget that construction prices have increased as a result of inflation in just the cost of construction, so it makes things already built, homes already built, actually more valuable as a result of that. neil: you know, katrina, i don't want to look at the condo collapse in florida as anything more than this continued rescue effort, we hope it works out, it's an obvious tragedy, but i wonder in another sense whether it's giving pause to people who were looking to buy, you know,

high rise real estate in florida at all. we simply don't know what happened here, but is it giving pause, i'm still looking at florida but i might not look at high rises in particular high rises so close to the beach. what do you notice, anything? >> neil, what a tragic accident , and since this occurred i've actually had people that were looking for condos tell me that they are no longer interested in condos so the idea of being in a condo now scares them, and they want a single family home which is only going to now put more demand in the single family space, but it's really a tragic accident, and i think there's a lot of questions that need to be answered, and the search is still ongoing, its been raining here all day so that doesn't help the situation, but most definitely. seeing that video reminded me of 9/11. it was extremely tragic and there's still so many people missing and i think that it will

inevitably change the idea of wanting to be in a condo which will again increase the demand for homes here in south florida. neil: so you think that the move goes away for the time being, or could for high rise, buildings and the rest, condos and more to the point, towards single family homes, already in the palm beach area, that's out of the league for most folks, do you see that complexion changing a little bit >> absolutely and i think especially now the knee jerk reaction is going to be that people no longer want to live in condos. that may change as time goes on but i've even had yesterday i had shows for single family homes in some of the ages that we're showing told me that one of them said i'm on the 60th floor in a condo unit and i don't want to go home tonight so people are definitely affected by this because there's a lot of questions that obviously the typical condo owner is not aware of, so you know like the regulations, and this building in particular was actually up for renewal for the

four year renewal, and who knows. there's a lot of questions here that i think need to be answered on why this occurred, and what the regulations are for the newer buildings that are going up, as well. i think now, condo owners are going to begin to ask these questions, or they are just going to tend to gravitate towards single family homes as a result of this at least right now in the immediate future. neil: yeah, that does change overtime to your point but we'll see what happens, katrina very good catching up with you all on these latest news developments as well, campins luxury real estate specialist, certainly a lot more than that, speaking of this tragic condo collapse we will be updating you on what's going on there as they just up ped the count for those still unaccounted for to 159 individuals, four are known dead we'll keep you posted.

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neil: all right, we have that infrastructure deal, bipartisan deal, right? and then, there was the back and forth that the president was pulling a fast one on republican s because he's tying it to a much larger spending measure, that will come down the pike, and that isn't going down well with republicans even

though this might be more theatre than anything else, it is getting the attention and making what looked like a certain yes vote into a certain, well, uncertain vote. hillary vaughn on capitol hill with more on all of this. hey, hillary. reporter: neil, well white house press secretary jen psaki just moments ago said it was not a secret, he did not wisper it even but he said it outloud from day one, he wanted to pursue two tracks with infrastructure, trying to work with republicans on hard infrastructure like road s and bridges, but also, not giving up and working at the same time, on a human infrastructure package, a reconciliation package loaded with things like free college, child care, and climate, but republican senators in the oval office yesterday disagree with that. they say they weren't aware that that was the plan all along, and white house communications director kate bettingfield saying this morning they are aiming for september to get both bills on the president's desk. >> he wants these things to

move in tandem. that means he's going to push the bipartisan package forward, and he's also going to simultaneously work with congress to advance his human infrastructure priorities and the american families plan through the reconciliation process, so i think what he said yesterday, is what he said from the outset, which is that these two things need to move together reporter: it's a lot of crumbling roads and bridges in limbo, 46,000 bridges in the united states are in poor condition, 42% of them are at least 50 years old. 43% of roads are also in poor condition but this infrastructure bill maybe doomed, because this afternoon, house minority leader kevin mccarthy said republican senator s that negotiated this package feel betrayed, they do not feel it was an honest negotiation and they have said that they were not aware that these two bills had to be married to each other and doesn't think republicans can vote for it. >> it's one big deal, so it's not separated.

i don't see any republican supporting it, supporting that structure. i actually think the speaker is trying to kill it. reporter: neil, it might not just be republican senators that were in the oval office yesterday that were skiddish because the president today had a follow-up phone call with senator krysten sinema and when press secretary jen psaki was asked why that call happened, if he felt like the senator was getting concerned about the blow back of all of this , and the press secretary said that it was just to reemphasize the president's commitment to move these two packages at once. neil? neil: you know, hillary, you follow this much closer than i do but i can't imagine the president armed with a bipartisan supported infrastructure package would not sign that, if he knew that the thing presumably attached to it is going to make that not happen, that he could at least tell his progressive base that look, this is a step in that

direction, but i'm not going to not sign this infrastructure measure, or am i just being too in the weeds here? reporter: no, that's exactly the point that has been brought up in the press briefing. a lot of reporters asking jen psaki, did the president mean that if the bills were not both sitting on his desk at the same time he would not sign the infrastructure package, but she's really danced around that, even though the president was pretty strong in his remarks yesterday, she will leave it up to congress to decide the sequencing of when these bills arrive on his desk so it seems like the white house is trying to walk back a little bit , the strong language that came out of the president's mouth yesterday. neil: i don't know, you're too young to remember this but this reminds me of a bugs bunny elmer fudd issue where, i dare you to draw another line, i dare you to draw another line and i'm not buying it but great reporting as always, hillary, thank you very very much. for those of you that don't get that reference i'm sorry i'm

old. anyway, we're getting the latest now on the vice president. she is at the border, specifically in el paso, our casey stegal is there, following every step of the way. what can you tell us? reporter: well, neil, in addition to meeting with cbp agents and hhs personnel, other official boots on the ground here, the vice president is also having some interactions with young migrants as well, and in fact sitting down with five young girls from central america , who actually drew her pictures, and they were being held at the central processing center in el paso, which was the vice president's first stop and she got a tour of that facility. from there, vice president harris, whose also by the way traveling as , you know, with u.s. homeland security secretary mayorkas stopped by a busy part of entry here in el paso where asylum seekers are processed. there, she shared some exchanges

with young migrants, asking what they wanted to be when they grew up. upon landing in texas this morning, the vice president continued to defend the timing of this trip. >> the reality of it is that we have to deal with causes and we have to deal with the effects, so being in guatemala, being in mexico, talking with mexico as a partner frankly on the issues was about addressing the causes. reporter: now, customs and border protection data does not show much of a decrease in southwest border apprehensions and encounters despite messaging that it's not safe to make the journey. earlier the vice president met with a handful of volunteer and non-profit groups who have stepped into assist with this latest surge, and the final event, which is underway right now, a round table with various community leaders and then we expect to hear formal remarks from the vice president before she is wheels up to california.

we'll keep you posted, neil. neil: all right, casey, thank you. now to chris cabrera, the border patrol union vice president and you wanted to see this day that at least the vice president would make good on her role, sort of overseeing what's happening on the border to go to the border, she has, she is, what do you think thus far? >> well you know, i think it's pretty much bitter sweet. she's coming down to look at the border however she's not coming to an area that's been extremely hit hard with the border crisis, where people are really suffer ing down here, so it seems like she's still kind of dodging the real issue. neil: what is she missing there in the el paso area that she would get , let's say she's in mcallen and some of these other places? >> i think she's missing hundreds if not thousands that are coming through daily. people that are suffering, people that have been harmed along the way, the people that believe that if they get here they are going to get to stay,

as they contradict what she was saying in guatemala a few weeks back and she's missing out on exactly what's going on. she's missing out on reality. neil: yeah, i'm curious too, do you think she's there because donald trump will be at the border next week? >> you know, it's hard to say. my thought is yes, i mean, nobody would lift a finger to come down here as far as the administration is concerned until the former president announced he was coming down, and all of a sudden look who we have here. you've got people coming down. neil: you know, you're aware of these numbers, and they're just off the charts, and when you talk about your colleagues, the men and women who have to deal with this , i haven't noticed a lot of concern about what you guys are dealing with, reaching out to those trying to get into this country, i get that but the fact of the matter is, you're the ones who have to deal with it. you're the ones who are

overwhelmed and the ones who turned into babysitters in some cases, trying to protect kids or being flung over walls. that is not coming across here. >> yeah, you know, oddly enough , there is a problem down here, what she failed to realize and what the administration fails to realize is what happens down here, ultimately affects the rest of the country, because people that are crossing down here, don't necessarily stay down here, and the drugs that come through down here, don't stay down here, they go into the country and that's where it's hitting the most, nobody wants to see that. neil: meantime, all of those cases that are adjudicated now are adjudicated in the united states, no longer in mexico. how is that going? neil: well, you know, if they get rid of title 42 its already gotten bad with scaling back the remain in mexico policy so the numbers have significantly shot up and the smuggling

organizations are using the people coming overturning themselves in as a cover, so that they can bring other people and drugs into the country, and once they finish off and lift the rest of these restrictions, we're going to be in real trouble down here. neil: all right, hang in there, chris, following this more closely than anyone else we think about it he's right in the lions den, the border patrol union vice president, keeping an eye at the corner of wall and broad, we have the dow about 225 points the nasdaq just dipped into the red and last i checked, but the bottom line is, good week for the markets, in fact, best week at the rate things are going since early april. stay with us. oh, i've traveled all over the country. talking about saving with geico. but that's the important bit, innit? showing up, saying “hello! fancy a nice chat?” then we talk like two old friends about sticky buns

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neil: all right, we're told we're minutes away from hearing kamala harris, she is in el paso , texas, visiting the border

, as soon as she speaks we will go to her. in the meantime our buddy charlie gasparino looking at meme stocks, they are getting all of the attention. they are a divorce group but certainly they are a heated group at this time, charlie? charlie: the consensus, a growing consensus is this thing could go on for a long time, and you know, we should point out that amc stock is set to snap a four-week win streak today so this is the first week it could be down, but it's not out, at least according to investors i speak to that they think this thing has staying power and they are comparing it to the frenzy around fannie mae and freddie mac, for about the last decade, these two companies that were taken over by the government, there was a huge investor-fueled rage going on with these two stocks. it came to a halt this thursday when scotus, the supreme court ruled that the government take over of fannie and freddie during a financial crisis was constitutional, but this was a 10-13-year battle that went on and on and on and the stock

actually got as high as $5 a share, some people predicted it would go up to $10, obviously it's nowhere near, now it's going back down below a buck, is the trajectory now because of the supreme court thing, and you know, neil, again, when you talk to investors and they say, you know, give me how these sort of frenzies work, and they are looking at amc, they are looking at gamestop and seeing two debt- laden money-losing companies that have just captured the public investing public's imagination so people are going to keep buying for a while, particularly as long as interest rates are low and they are comparing it to fannie and freddie which i'm telling you despite lousy fundamentals, real logic about its prospects as a profitable private company that rewards shareholders, the stock, you know, got up there and it went from something like $0.30 during the financial crisis to almost $5. that's a huge, it's a huge gain.

i know $5 doesn't sound like a lot but it's a huge gain and it was up and down like that throughout the last 10 years, so the moral of this story is if you think amc is ready to peter out in the next day or so, history suggests otherwise. this thing has some staying power. now, history also suggests that people could lose their shirts because a lot of small investors got crushed, believing the supreme court was going to rule in a way that helped the shareholders of fannie and freddie and it didn't, and so just be careful what you read on reddit. neil back to you. neil: yeah, i only believe what you write, and i subscribe to that and i leave the rest to, you know -- charlie: i'm like a broken clock , neil. every now and then, i get one right. neil: all right, charlie gasparino on all of that again waiting to hear from the vice president of the united states, she's at the border. we expect her to address reporters very very shortly and see if anything has changed there, or whether there's any

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so you can live your life. that's life well planned. neil: all right, so you haven't been paying your rent or mortal because of covid or the pandemic so the good news is you a little bit or while longer to stave off getting thrown out of your home. blake burman has the latest. blake? reporter: hi, neil this news comes from the cdc who says they will extend the eviction moratorium one more time, they say this is the last time they are going to do this lengthening it out another month until the end of july and this also a plays to homeowners who have federally-backed mortgages. there are arguments here for both tenants and landlords, let me walk you through both of them. according to the center on budget and policy priorities right now, there's more than 10 million people who are currently behind on rent that includes about 20% of families who have children, 46% of renter

s behind on rent say they expect to be evicted in the coming months. now, extending the eviction moratorium for another month is backed by the white house. >> focused on ensuring that americans who are struggling through no fault of their own have an end, and potentially also work to take additional steps to ensure people are getting the support they need to stay in their homes, whether they are renters or homeowners. reporter: but this has been challenged in court, for example , the alabama association of realtors has been fighting this in court, in their most recent legal brief earlier this month, neil. here was the argument they made, they said "the cdc shifted the financial burden 30- 40 million renters to its 10- 11 million landlords most of whom like applicants are individuals and small businesses resulting in over $13 billion in unpaid rent per month." neil? neil: all right, blake, thank you very very much, blake specified here we're talking

about rent, i think that i also added mortgages for renters i apologize for tax let's go to florida right now, steve harrigan monitoring the developments in that condo collapse. he's in surfside, florida. steve? reporter: neil, a down pour right now making the job of search and rescue even more difficult, a lightning storm as well, that operation has intensified quite a bit today. we've seen a lot of heavy machinery pull in, cranes and fire trucks as well as multiple teams of urban search and rescue groups they have arrived by bus and by truck. fema is here and their presence is ramping up as the day goes on , and that rescue operation certainly challenging by the fact that the building itself is compromised, half of it destroyed but the governor of florida insists that despite the fact that no one has been recovered alive over the past 24 hours, this is still a rescue operation. here is the florida governor. >> rescue mode, they are trying to identify survivors they have made contact with some and they

are doing everything they can to save lives. they were on that scene before we knew whether there be more collapse, we didn't know whether the building had any structural integrity and they were shepherd ing people to safety, and they absolutely saved people 's lives. reporter: at this point, the confirmed death toll stands at four, 159 people not accounted for. that's a big jump from yesterday , when there were just 99 people not accounted for. we're learning some more about the survivors, 24 from south america lived in that apartment building, still missing, and 10 people from one synagogue here in a very heavily-plated jewish community as well, neil back to you. neil: steve harrigan, thank you. stay with us, you're watching fox business. essential expenses in retirement, so you can live the life you want.

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neil: all right, we are in busy air travel times, my friends you probably notice it if you have been to any airport or picking up love loved ones from airports , lydia hu following it all from newark liberty international airport. reporter: neil, triple a is expecting about 3.5 million people to fly over the 4th of

july holiday, and that's a lot considering that the post- pandemic high mark was just set this past sunday when the tsa counted about 2.1 people passing through a tsa checkpoint and airlines are already struggling to keep up with that amount, so as you're planning a trip for this summer moving forward be warned it's about to get more complicated and probably more expensive. american airlines just had to cancel hundreds of flights over the weekend because they didn't have enough crews to staff the flights moving forward they've announced they are going to scrap 1% of their flights through july, that's about 50-80 flights per day, delta previously was forced to cancel 100 flights due to staff shortages and just this month, south wet cancel more than 500 flights and delayed hundreds more after technical issues. experts say travelers might have to adjust their travel plans moving forward through the summer, neil. neil: lidia, i appreciate that. lidia at newark international airport.

we're going to take you right now to el paso, texas where vice president kamala harris is discussing her trip to the border today. let's go there. >> those are who are crossing this border, my trip to guatemala and mexico was about addressing the root causes. the stories that i've heard and the interactions that we had today reinforce the nature of those root causes. the lack of economic opportunity , violence, corruption, and security and basic needs not being met including fear of cartels and gang violence, so the work that we have to do is the work of addressing the cause, the root causes, otherwise we'll continue to see the effects of what is

happening at the border. it is going to require, as we have been doing a comprehensive approach that acknowledges each piece of it, informed also by the recognition that the united states is a neighbor in the western hemisphere and not only do we have a reason to concern ourselves with the root cause issues because of what we see at the border but also because we are, we live in that neighborhood, the western hemisphere and like anyone living in a neighborhood, one must understand and see the effects and the relationship between that so that's the work we've done. i want to in particular recognize secretary mayorkas, the time that we've spent with the dedicated men and women of the cbp really has reinforced the work that secretary mayorkas has done in terms of bringing

technology, bringing resources, bringing professionalism, and support to the men and women who are on the ground doing the job everyday. i commend all of them for the success that they have seen thus far. i call it progress, we're not exactly where we want to be yet but we have seen extreme progress over these last few months, because it was dedication and his effort, so with that, i want to also make the point, you know, when we have this conversation about what's happening at the border, let's not lose sight of the fact that we're talking about human beings. let's not lose sight of the fact that we're talking about stories that as the bishop shared and many of the community folks shared, involves horrendous abuse and fear and harm, not only for folks who are coming here in their home country

experiencing that but along the path of their migration, and so let's recognize, with a sense of humanity, that these issues must be addressed in a way that is informed by fact and informed by reality, and informed by perspectives that actually is dedicated to addressing problems and fixing them in the most constructive and productive way. the president and i are absolutely committed to ensuring that our immigration system is orderly and humane and i do believe that we are making progress in that regard. so with that i'm going to now introduce the secretary of the department of homeland security, secretary mayorkas make a few comments. >> thank you very much, madam vice president, and privileged to be with you today. i recommended to the vice

president that we visit el paso because it is one of the busiest sectors on the border. el paso reflects many diverse elements of our mission. it demonstrates also the progress that has been made and the work that remains. in march, this sector experienced overcrowding, un accompanied children, the border patrol station for more than an average of 120 hours. we saw too many children in a border patrol facility not designed for them for too long. the president and the vice president directed me in the execution of my responsibilities as the secretary of homeland security to take care of it. today, the situation is dramatically different. the border patrol station is not overcrowded with children and un accompanied child spent an average of less than 30 hours in it. border surges have been a challenge for years and years,

and to address the challenge successfully, requires a multi- part plan. we have a plan. the vice president is leading our nations effort to tackle the root causes of migration why people leave their home in the first place. i and my colleagues in the cabinet have been directed to execute the rest of the plan, to build safe and legal pathways for people who qualify for humanitarian relief under the laws our congress has passed , to rebuild our country's asylum system that is dismantled under the prior administration, in an orderly and just way to remove those whose claims for relief do not qualify. i am immensely proud to lead the workforce, the men and women of dhs in executing our responsibility to secure the border and execute safe,

orderly, and humane process as the president and the vice president have directed. i am grateful to the vice president for leading the effort to tackle the root causes of migration for focus on what is happening in the northern triangle countries of origin. i am hopeful that congress will pass immigration reform for a system that everyone recognizes is broken and i am thankful for the chairmans years-long leadership and championing of this effort. thank you. >> for several years i served in the senate with kamala harris , senator from california. we worked on many issues together. there was never a doubt in my mind when it came to the issue of immigration that we were of the same mind, as to what

america needed to do. when she was given an opportunity to join president biden and leading this country, she was also given an opportunity to use that commitment to immigration, to solve one of america's hardest political problems. her attendance today in el paso is an indication of her caring and her commitment to meaningful immigration reform and i want to join her by saying that the congress needs to do its part when it comes to immigration reform. it has been 35 years since we've had an immigration bill. everybody complains about the immigration system, and they should, it's broken, but when it comes to dealing with it, many folks in the senate and the house don't want to lift a finger. we need a bipartisan effort to come up with a meaningful, humane, sensible immigration policy in america. i want to salute the congresswoman, veronica esco

bar. she and i have discussed her vision of immigration reform. i believe she's moving in the right direction in terms of dealing not only with the challenges of today, but what our nation looks like tomorrow. it is an honor to be back here in el paso with the vice president. i thank her for the invitation today, and i'll let the congresswoman at this point say a few words. >> thank you, chairman, and thank you so much, madam vice president, for being here. its been an incredible honor and privilege and i'm so grateful that you accepted my invitation, and secretary, thank you for your incredible leadership and partnership. el paso has been central to so much of what we have seen for decades when it comes to immigration, and i feel very hopeful, because for the first time in at least four years, we have an administration interested in addressing this

significant challenge in a multi-faceted way, but it starts with the work that the vice president is doing, in address ing root causes, but the work doesn't begin and end with her, as the chairman mentioned, congress has an important role. in the house of representatives, we have passed legislation. we are also working on passing the u.s. citizenship act, and we've got to get the senate and support from the senate to make this. charles: you've been listening to officials including vice president kamala harris at the border this is her first visit there. we will continue to monitor the situation this afternoon. good afternoon, everyone i'm charles payne, and this is " making money" and breaking right now, as the confetti comes down to celebrate the infrastructure deal, i'm thinking someone may have been hood-winked. the market reacting by sending shares of caterpillar and other stocks higher but there is very expensive strings attached but the news crowning some winners along with caterpillar we seen

nike have