neil cavuto, it started off good went down hill quickly. the dow still up 337 points. down 1%. nasdaq hit all time intraday high. also headed south. down 26 points. nasdaq is sound .6 of a percent. at 4325. that will do it for me. neil cavuto, take it away. neil: as you point out, ashley, oil at a six-year high. it is up 4 1/2% or so on the last week or so that is definitely a factor. opec can't get its act together. in the sort of vacuum they can't do that the better part of valor is to step out of the way to see how this handles things. they're off highs, six year highs, still up there. it is pretty much any dependent

sector. so obviously the oil sector is feeling it. the economically sensitive issues feeling it. we're seeing it in volatility right now. the cboe volatility index was up about two points when last i checked. so it is hovering at around a level that isn't necessarily startling. a little more than 17. it is hardly its highs that we saw back in march of 2020. remember when we got up to 82.7. it is hardly there again just owing to this coming back from an extended weekend vacation blahs. it's a big worry going forward if it sustains itself because this does not look like a transitory development. let's go to phil flynn on this just on the oil thing to kick things off. started, phil, opec countries, opec plus countries, they can't come together on supply, right? >> that is exactly correct. in fact this is a power struggle

that shows the dysfunction within the opec cartel between saudi arabia and the united arab emirates. for some time now united arab emirates is becoming more financially successful and it wanted more sway in the opec cartel. they're tired of playing second fiddle to saudi arabia which has been the defacto leader. now the crux of the argument is at what point, where do they decide what production do they increase? and 2015 when they agreed to take 10 million barrels off of the market they set the benchmark back to 2018 but in the meantime the u.a.e. said that number is not fair. our production was abormally low at this time. they want to raise the benchmark to the beginning of the pandemic in 2020 and they're saying no. saudi arabia is saying no. so right now this could go either way, neil. if we don't get the production from opec it could mean prices

are going sharply higher. we're going to see gasoline prices maybe go to 3.50 or $4 a gallon if they don't get their act together. other it could go the other way the opec plus cartel blows up and get into a production war and flood the market with oil and bring prices back down. the reason why oil prices pulled back a little bit because russia basically came out and said, hey, guys no agreement on raising production is unacceptable. you have to get agreement. so there is an expectation they will try to get their act together to come to some type of an agreement. if they don't, and they keep production levels where they are, we'll probably see a two million barrel-a-day production deficit. that means gasoline prices already at a seven-year high will probably go a lot higher, neil. neil: so, just to go get through my thick skull, phil, if they do

nothing, opec and opec plus do nothing because they can't agree on anything in that environment, you're dealing with demand that exceeds available supply so prices would have to go up? >> absolutely correct l. you will see global inventories fall to dangerously low levels f that indeed happens, it is going to be a major risk to the united states' economy. it is kind of funny right now. we're hearing from the biden administration, basically asking opec to come to an agreement to raise production. so we're back to the days of begging opec, please give us more help as opposed to relying on our own producers would be normally increasing production. that is what is being lost in the whole debate here. we're looking opec to save the global economy and raise production while u.s. producers are sitting idle and the biden administration, it is restricting their production. so it really is kind of a situation where it is

hypocritical to opec to raise production, in the meantime we're telling our producers to produce less. neil: that is a very good point. i hadn't looked at it that way. as you always bring up these good points. phil flynn, thank you very much. >> thank you. neil: to phil's thinking, had we not made this anti-fossil fuel push, shut down keystone, you all remember would we be in the energy pickle we are in right now dependent on handing out tin cups here looking at opec. it makes you wonder. carol roth investment banker, author of war on business, runaway best-seller, dave manning, brainiac. let me ask you about that, carol, i thought it was a brilliant point by phil, by backing away from fossil fuels and oil, i don't get people's views on this, just sheer math, we put ourselves in a position where we have to look to opec

and opec plus countries to bail us out. it is weird, isn't it? >> we were on this the path to energy independence and finally getting out of the thumb of the cartels and we have been sort of brought back in again and the supply demand imbalance right now is completely out of control. goldman sachs came out with a note, they said we're starting at like a 2 1/2 million barrel-a-day deficit. by the end of the year they say we need five million barrels a day of increased production. even if opec starts with 400,000 barrel-a-day increase, the fact we're not producing at levels we were before and between the biden administration and the push for esg and all these things that are decreasing the desire to have our energy independence, we are feeding into that as well. it is complete bizarro world. neil: so you're looking at all

this, dave, and weighing, you know, this isn't such a transitory phenomena, this last as little while longer than we thought. then what? >> well, one thing that i think is interesting is that climate obsession or poor green policies sound on the surface or are presented as being costless, right? let's be green. isn't that great? that's great. they have short term price impacts, they have long-term price impacts and you can see in this scramble, hey, where the biden administration says please produce, opec, please produce, that is not about green policy per se but they are doing things, remember the keystone xl pipeline was not about primary supply. it was expanding the amount and flexibility of the crude supply and origins. it was to get canadian oil more easily flowing into u.s.

markets. so now you take that away. you take the prospect of it away. what we're doing is making the energy system more brittle, the supply variability less and ultimately that will whack people hard in the pocketbooks. what you see the biden administration doing, wait, wait, just a small supply disruption, we don't want that. they will get bigger. neil: that is interesting. i will switch gears, guys, talk about amazon right now. we talked about technology stocks would be a lot worse off, nasdaq would be a lot worse off if not for amazon. that stock is right now just soaring up better than 110 points. it had surged a lot, remember, on friday before the markets were closed with its 3.6% run-up today. at this appointment on -- point on top of the runup last friday. we're looking on a stock, carol, that could be on the verge of

another record. on this we hear bezos is stepping down from running the company day-to-day. one of the things fueling it charlie gasparino said the new ceo might be open to a stock split, when they first get whispering of it. what do you think of that, and what this could signal for amazon? >> i mean, first of all, we have to thank the federal reserve. obviously the technology companies that gained trillions of dollars in value, much at the expense of other industries and transferred directly into these technology companies. now you've got a third technology company that is knocking on that 2 trillion-dollar market cap which is completely insane. you know, the stock split thing is always interesting because simply doesn't change the value of the company but it does change the perception and the ability for it to be more

accessible for retail investors. so i feel like, you know, that is something, that you know, there is a lot of optics around it. but i think the bigger issue here for amazon and for all of these companies is what is going to happen with the fed? are they going to continue to support and prop up government spending and make sure that you know rates stay low to the potential debttry meant of everything else or will they be pressured and that is the big underlying story. neil: david, the improving economy, more people interested in buying stock. that helped stocks like a lot of technology stocks, rewarding one for investors but i am interested in getting your sense, you touched on it with the rising energy prices how that could put a dent in things, but what about the consumer right now, very strong, the first half of the year, picking up where we left off as we drift into the second hatch. what do you think? >> i think there is a lot of

invisible but ultimately impactful kind of water torture factors coming at the consumer here. so, you have this energy thing which is sort of stands outside with its volatility of the normal consumer prices, but you have on so many fronts inflation in my opinion is not being fully reflected in the cpi. i happen to be our household's grocery shopper and i can tell you prices for meat and prices for dairy products very high, significant increases. those things you may not feel that as kind of a uh-oh, there is some kind of a crisis in the economy but that kind of drip, drip, when you're on somebody with you know, a limited budget and you suddenly kind of realize, gee, usually we had 100 bucks left at the end of the week. it's gone. it starts to impact spending on

all kinds of consumer goods, on restaurants, on entertainment. that are not used to that. our generation is not used to dealing with that inflation impact and i think it's coming. neil: i'm just left with the vision of you shopping and knowing all of this. touche, touche to you. so very, very impressed. carol feels the same way. guys i will talk to you a little bit more. we want to draw your attention the dow down 355 points. a lot of that due to higher energy prices. nasdaq hit records last week so there is a little bit of giveback, whether this is an overreaction is anyone's guess, but another successful hack attack in this country, in this world, has a lot of folks worried that thousands of companies and individuals were caught in the latest one we suspect, it is not confirmed,

coming from russia. edward lawrence on all of that. reports that hackers are demanding a lot of money, $70 million to make this all go away. edward? reporter: huge payday for them they hope. no action yet coming from out of the white house. what is happening the president directed all the agencies to investigate what's happened with this. the fbi is working directly with the companies that have been affected with this. this attack may have reached 1500 client companies of the florida firm that was attacked. that firm does remote i.t. over the weekend the president quickly addressed the incident, getting more ice cream in michigan. >> directed full resources of the government to assist in the response. it is either the knowledge of and or consequence of russia then we told putin we will respond. reporter: on the dark web researchers found posts from an

affiliate of real evil, hacking group connected to russian gangs, asking for 70 million in exchange for decryption machine that unlocks all the machines affected. we're talking about companies around the world. this is the biggest ransomware attack on record. last month president talked with russian president vladmir putin about the large attacks that plagued the u.s. since the president took office. so far the u.s. has not responded to the latest attack. they're just investigating. in 30 minutes the white house press secretary will no doubt get a number of questions fielding exactly what the u.s. is going to and how the u.s. is going to respond to this massive attack. back to you. neil: edward, thank you very much. always intrigued when i look at these videos of vladmir putin, various presidents. he is always slouching in his seat. looks totally disinterested, i could care less what you have to say. to me that body language is very revealing. you see it, sitting down. i'm telling you these are the kind of things, the free

insights i pass along to you on basic cable. i want to get to -- not to talk about whether vladmir putin slouches too much but more of what we do about these hack attacks that seem to originate from russia. former white house chief information officer. she knows of what she speaks. theresa, great to have you. we already have taken the position if we can prove russia is behind this, then watch it. what could we do? what would we do? >> well there is a variety of different things. the challenge that you have with identifying that a particular nation state or government is behind a ransomware syndicate, they are several degrees of separation away. they could be nation state operatives who have a day job working for military intelligence in their country and moonlight to make extra money for their families by living a life of cybercrime. so it is really hard to do

attribution here. it could be affiliated with russia. it could be affiliated with east european syndicates as well. if it ties back to putin's regime the question what will we do next? we could go on offense. we have the capability of the department much defense, the military intelligence agencies, send a message back. the question is, do we want to do that? that could start off sort of a cyber escalation of events between us and the other country. the other thing we could consider is there could be additional economic and potentially international trade sanctions, tightening those up. again ongoing we need to continue to have dialogue with our allies to say an attack against one of us is an attack against all of us and in this particular attack, neil this was global. this wasn't just western infrastructure that was hit. neil: for the u.s. part of that attack that was affected, is there any just coincidence or something more to the fact that

it came over the july 4th weekend when a lot of these operations would be down or thinly-staffed? >> sadly not a coincidence. ransomware syndicates and criminal syndicates who conduct other types ever cybercrimes they hack all the time but they especially love u.s. holidays, international holidays overseas because they do know, kind of hard-working people like to take off. and you tend to be more thinly-staffed and it is not lost on me that independence day was sort of the weekend of choice for this particular syndicate and they have hit things such as grocery stores and schools abroad. they have hit other types of businesses here in the united states but they do tend to love to attack on holiday weekends. neil: i guess they do. theresa, thank you very much. we'll follow our response, what it may be and should be as we hear from the president, certainly the white house spokesperson will be detailing maybe some of this in about half

hour or so. we'll be monitoring that. also monitoring the chinese crackdown on various chinese companies that are listed all around the world, particularly the united states. you heard the fuss about didi right now, the ride-sharing company was shellacked to the tune of a 25% hit early this morning. it has come back a tad here but it's a signal from china it does not care how successful its capitalist-minded companies do abroad. it is very much more concerned with pulling military might and muscle whether they like it or not, after this. ♪.

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certainly in the united states and it sent a signal out to various companies that they will be cracking down on this. that is hitting a number of big chinese players. full truck alliance and a host of others dominant in the new york financial markets as well as the rest of the world but it is a reminder that at its core when push comes to shove china is about control and the military more than it is about capitalism and about making money. it is a healthy reminder, want to pick on with lieutenant colonel danny davis, defense priorities senior fellow, military expert, served this country very nobley. danny, good to have you. just when we think china entered the fold of being an aggressive capitalist society, we're reminded at its core it still defaults to the military heavy fist approach, does it? >> i am not sure i would view it completely that way. i think we can and should are able to keep it distinct between the security issue and the

economics issue. i believe at the heart this is definitely a economics issue. you kind of hit it on the head there a second ago talking about how the contradictions are coming in because you may remember when trump in august of last year signed an executive order that would ban parts of tiktok and wechat and the response from foreign ministry, this is naked capitalism at its heart. using national security as a pretext to ban business, now they're saying precisely the same thing trump did on this issue right here. they're showing their contradictions. i think that is actually an opportunity for us, not something to be concerned with, because they are showing that you alluded to they're not a safe place to do business. this could give us an opportunity to outcompete them in the economics sphere while we will always maintain upper hand in the military sphere to keep us safe from any chinese attack. neil: you know, danny, i would think if you have global success stories with alibaba, they

reined it in, right, and they have success stories like didi and reined it in, and to your point might not be a permanent type thing, but it's a reminder all of these companies work at the behest of keeping the central government happy. now they balance that actually remarkably well over these decades. can they continue? i see more of the, in your face militarization talk, you know, the kind of stuff they're saying now regarding taiwan and their military goals? what is the real china in your eyes? >> yeah. the real china is a combination of all those things. you are correct. it is definitely evolving and their development in the military, especially their ability to use their a-2 access area of denial perimeter and their shoreline and they are more confident in the business realm where they are taking more

risk because they think they can but they have to be careful they don't go too far which opens up an opportunity for us because we can outcompete them doing a better job on some things. the biden administration is per example right now. biden did not can sell the executive order on tiktok, just said suspend it white we doing investigation. china is being heavy-handed, you're banned completely right now. businesses don't like that. they don't like uncertainty around possibility much having it disrupted that give us an advantage to outcompete them. but i reinforce militarily the no way china will attack u.s. allies or attack territory like guam or a certainly in the main land because they know we're overwhelmingly able to defend our interests and would crush them. so they will not do that. i think we're relatively safe, actually very safe in the security realm but as you pointed out with the taiwan issue that is a different matter

but it is not our security that would be at risk. neil: so does that mean if they did invade taiwan they assume we would not have a response and might still be weighing it? >> they definitely want to assume that. in fact you see what their military capacity they're thinking if they ever do it they would probably assume we would be prepared to respond in term. they have built up a force that could give us severe hardship and serious damage which is why i advocated we should not go to war in the event that horrible thing happens as bad as it would be. there are better ways to respond to that, because, consider this, if china made that really bad decision their military would be severely gouged in the interaction between taiwan and them where ours would be intact. if we engage, we're attacked, our military is severely degraded. they have capabilities that they

would do us harm. we have to look at our interests and things that would strengthen our economic and military security. neil: thank you, colonel. that is an eye-opener. lieutenant colonel danny davis. he gets the big picture right and calmly so which is probably in order these days, isn't it? we have more on tropical storm elsa. it might have been downgraded to a tropical storm category 1, still unleashing winds north of 60 miles an hour and it is still problematic for the rescue efforts in florida. we're on top of both after this. ♪. 've seen centuries of this. with a companion that powers a digital world, traded with a touch. the gold standard, so to speak ;) seeing blood when you brush or floss can be a sign of early gum damage. new parodontax active gum repair kills plaque bacteria at the gum line to help keep the gum seal tight.

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neil: all right. don't let the fact that elsa is just a tropical storm fool you. it is still packing winds up to 70 miles an hour, around 60 right now. very latest from matt finn in key west, florida.

reporter: neil, here are some of those winds, tropical storm force winds including the rain. we talked to people from all over the country visiting key west for the 4th of july holiday weekend from states like new york, iowa, pennsylvania, washington. the majority said they would ride this thing out. a few said they hopped the next flight or changed their plans to leave a bit early. in general most people were not too concerned about this storm because it has been downgraded from a hurricane to a tropical storm. just around the corner from here we talked to a chef at a restaurant. they put some boarding up. they took out the cash registers and other glass. here is what the chef told us. >> right now, as you can see we're putting up all the tables, chairs, getting everything off the patio, any high winds. as hurricanes go, not the storm that hurts but everything flying.

that high winds will pick anything up and throw it through the windows or anything like that. reporter: we are also seeing some of that storm surge. waves are crashing against the shoreline. it is scheduled to make landfall category 1 in tampa. we will keep you updated on the status of the storm here in key west and florida. back to you, neil. neil: matt, stay safe. go to charles watson, how this is affecting anything going on in you surfside, florida, with the on going rescue efforts. charles, what do you have for us. reporter: neil, there are two weeks into rescue efforts and still no signs of life. miami-dade officials confirm four more bodies were found at the site of building collapse. the death toll is 32 and 113 people still accounted for. that news was delivered first to grieving family members this morning during a closed-door

briefing. >> the wait, the waiting and the waiting is unbearable. so perceiving that your loved one is gone is also unbearable. please continue to hold all of the families in your hands and your hearts and in your prayers during this unimaginably difficult time. reporter: neil, all day long we've seen those big dump trucks rolling in, presumably to add to the more than five million pounds of debris already been collected from that collapse site. crews have been working around the clock to pull people from under heavy concrete and metal as tropical storm elsa continues to move closer and closer to the florida coast. while they're not expecting direct impact from elsa down here the winds are picking up. we've seen a few rain bands. nothing like what our friend matt finn is dealing with in the florida keys. surfside officials are trying to avoid another catastrophe.

officials and engineers are furthering assessing the structural stability of sister building champlain tower north. >> we're doing a deep dive in the sister building, champlain north, the build being built by the same developer at the same time, with the same plans and probably the same materials. given we do not know why the first building fell down we have significant concerns. reporter: fema offered to pay relocation fees for anyone who wants out of that north tower. some residents have taken them up on that offer. for the most part, most have decided to stay put despite concerns, neil. neil: charles watson, thank you very much for that update. we'll keep you posted if there are any further updates coming from surf side. we will keep you posted on how a number of retailers are changing their hours, maybe strategies in high-crime areas.

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♪. neil: you know, this crime situation is serious. that is a huge understatement on my part. i can hear a lot of you saying, really, neil, this crime situation is out of control? it is so much so in states like california that a number of big retailers, including the likes of are target, walmart, they are closing their stores a little earlier to deal with that. it is dangerous for workers. dangerous for shoppers. what to make of that with david and carol back with us. carol what they're acknowledging is, we have to balance making money to make sure everyone is

safe. they have quite properly, erred on the latter, but i wonder if anyone in power is seeing what is playing out here? this is now a dollar and cents issue is compromised when you pay attention and don't address crime. what do you think? >> this is something everybody should be furious about because if there is one thing the government should actually be doing is upholding and protecting our individual rights which includes our property rights. all of these new laws and regulations, and failure to prosecute, it's a failure of their duty and failure of their system. again, this goes back to the war on small business, the fact these big companies, the targets and walgreens, they have the economic where with all to makeshifts. they can close earlier. add additional resources. they can close down doors in

concerned areas and shift the location but if you're a family-owned business that has been there for generations, if you're someone who put their entire 401(k) in one location, you do not have that luxury. so this is a full-on attack on economic freedom, independence, the ability for people to create wealth and that should be the story here. neil: it is interesting, it all occurs over the same week, past week, dave, mayor bill bill says de blasio says there is no crime issue here in new york. i said, mayor, walk outside. having said that in the cavalier attitude he typifies it for me, there is nothing to see here or media exaggeration here. the statistics are what they are. i think in some these cities where it is poo-pooed or chicago mayors say its racially driven because she is an

african-american woman mayor, come on, where are we going here? >> well look it, a big part of the problem also is what happens on the prosecution side. you see, in the new york election although it's a bit of a cloudy picture at the moment, it appears that they have elected a district attorney, this fellow, alvin bragen who is similar to the knuckling heads on the west coast, gascon in los angeles and in san francisco they will not prosecute low level property crimes. what happens is is so stunningly obvious that the stuff runs wild and then suddenly you've got complaint about, well, there is no place for old people to get prescriptions. we have food deserts. hey, no kidding, if you don't protect the property rights of merchants you will suddenly find yourself urn able to serve key

constituencies and quality of life will go to hell. neil: it was the number one issue in the democratic mayoral primary, you're quite right, this thing will not end another eight years the way they're counting things. we're told we'll get a wrinkle in about an hour. number one issue for democrats is crime. this is not political thing. a life and death thing. switching gears, guys, if you don't mind, carol i would like to get an update how you feel about some of these investment banks are urging workers to come back in person to work, to offices, namely in manhattan, the case of goldman sachs and morgan stanley, where i'm sure this crime issue is a legitimate one and what ask interesting it lines up with the goldman sachs and morgan stanleys saying get your butts back here. others like citigroup, wells fargo, lesser degree of bank of america saying we can

kind of experiment with a hybrid thing, not everyone at once. where do you think this is going? >> so i'm going to use an anecdote. i have a -- came to me as a teenager. wanted to be an investment banker. he got into investment banking as the pandemic hit. so he is going through his first year as an analyst in a work from home environment. that has been incredibly stressful because as you're trying to learn to get up the curve, you don't have team camaraderie, other people in the office telephoning you what to do, can i borrow your quick books and that kind of things. there are certain industries being in the office provides an additional level of benefits may not be the same in other arenas. so as a recovering investment banker i can understand at least part-time, at least a few days a week why you want to have that happen. and investment banks have the resources to have car services to be able to send people home, to and from work. that is one piece to it.

but certainly getting more people back in the flow is going to help with crime, with the economy, more places open up to service those people. so getting a little bit more normalcy will help. however, i do think a lot of companies will rely on that hybrid model for some time to come, so that transition back won't be as quick as perhaps some people might have thought before this all started. neil: yeah. we're a long way from sorting it out. i wish we had more time, guys. thank you very, very much. we're focusing on other news developments including this big media pow-wow, sun valley conference. it is pretty cool. they get some of the biggest and brightest and richest people on earth. that is certainly charlie gasparino's hobnobbing crowd, which is why he is there right now. charlie, what does it look like this year? >> this never starts smoothly for us. you remember a couple years ago i was on your show i got thrown out because i had a little altercation with one of the overly aggressive security

guards. you know, i wanted to say something nice about security this time. i can't. these guys are knuckleheads. they made us run up a hill because they don't want us to shoot a live shot in front of i guess jeff bezos or somebody. but anyway, the knuckleheads you know, they control the place. i'm just a simple country reporter. but there are going to be a lot of top heavy hitters here. neil, there is, there is a little background of controversy. interesting to note that allen and company which puts on this conference with the biggest, the best and the brightest here in media telecom, once again snubbed one of the biggest media and telecom people in the country. a guy named bob bakish, runs viacom, cbs. was snubbed this year. he was not invited. allen and company is still annoyed about work they did on a deal in 2017. we wrote about all of this on foxbusiness.com. if you want the fullback ground

you should go there. bakish as we point out is one of the top media professionals not here. that is a shame. viacom cbs is in the rumor mill for a potential deal. his boss, shari redstone of the redstone family which controls cbs viacom through national amusements is here. there will be a lot of other people here as well, neil. bill gates, we confirmed that bill gates is at least scheduled to attend. this has been an interesting year for gates. he had to resign from the microsoft board. it came amid an internal investigation that when he was ceo of microsoft he had an affair with a worker there. amazon's chief jeff bezos will be here. andy jazzy who will replace bezos will be here. we'll keep an eye out for all this stuff. there will be a lot of deal-making here this year. a lot of talk about cbs viacom being for safe. a lot of other properties.

hopefully we get a little insight what that deal-making is. we should point out, neil, this is kind of a pseudo intellectual think fest, at least superficially, these guys come here and think big thoughts. behind the scenes is where the bankers work. i will try not to get thrown out totally. back to you. neil: are you staying at the same resort these guys are there? or they put you in a best western, where are you? >> no, i'm actually staying at the limelight which is actually very nice. some people that are at the conference stay there but you know, by the way someone came up to me and mentioned you, right, last night. yeah, they mentioned we love cavuto. i said, oh, you don't really know him. but anyway. neil: all right. waiting for that moment some burly security guard will push you away. that is a world war. that will be a moment. please tell your cameraman keep things rolling. thank you, charlie.

>> come and get me. come and get me! i'm ready. neil: this is dangerous. >> i've been training for this. neil: charlie gasparino, big media pow-wow going on at sun valley. a beautiful neck of the woods but they are very picky what you do, when you do it, who you are talking to. we have a lot coming up including a push by governor abbott to build that wall. he has more troops coming from yet another state, ohio, the latest. they're up to a dozen trying to help him out in that regard but how far can they go with this, after this.

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[swords clashing] - had enough? - no... arthritis. here. new aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. neil: add ohio now to the list of states and republican governors by and large who are sending troops to the border to help texas governor abbott finish that wall he wants to finish. again a lot of that wall would be potentially over federal lands. therein lies the rub how to proceed. the former deputy assistant attorney general on all of this. tom, how do you handle this? legally how far can the governor go? >> well, neil i think the governor's project is ambitious but i have no doubt there is going to be litigation assure as the night follows the day. i think one challenge they will face if it is federal land, biden administration would come

in, say, hey, you can't build your wall on our land. they make the argument, enforcing, controlling the borders is a federal responsibility and the states have no business doing it but i think texas can come back and say, that is our point. the federal government is not securing the borders. that is why we're taking the initiative to build a border wall. neil: you know, i'm just wondering, the fact that we haven't heard from the biden administration on this issue, whether it would be legally challenged, what do you make of that? >> yeah. they may be doing a few things, neil. one thing is they might be letting things play out to see if the governor is able to raise the money and get funds and manpower he needs to build it before taking legal action. they're trying to figure out what their best arguments are. the biden administration will not have infinite number of shots in federal court to stop the construction of the wall. they may be looking at the wall, areas where they plan to building the wall, figuring out

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neil: all right, we are following a cascading stock market here, and as interest rates slide if you're worried about inflation and the run-up in oil but interesting development is that a 10 year note is now fetching about 1.36% it's down close to two-thirds of a percent here. again, on this idea that there is no inflationary worry as much as there is a slowdown worry that accompanies the higher energy prices. it sounds like gobbly gook but it is unusual that in the fact that the managers index report out seems to show worse than expected slide activity, still strong and people then sort of reassessing this whole situation we'll keep an eye on that, but it is noteworthy i believe in the case of bond prices and yields we're kind of back to where we were in early february, i think it's around there but i'll check on that. in the meantime also checking on

announcement of the white house on the vaccination progress, as you know, we did technically miss the president's goal of ses vaccinated or at least in one shot it's about half of us now who have had essentially both but it's close. we'll get an update on all of that edward lawrence what we might be able to expect at the white house, hey, edward. reporter: hey, neil, yeah the president got close about 67 % of adults 18 and over got at least one dose of the vaccine. now any minute the president will meet with his covid response team and get a briefing on how the variant is progress ing throughout the united states as well as the vaccination program. we will hear from the president in about an hour and 45 minutes on the covid response and vaccination. now, in the u.s. , the delta variant is the one that's spreading throughout un vaccinated people. now that variant is quickly show ed up in india first, is spreading very quickly around the u.s. , in a new study out of israel shows the pfizer vaccine is about 64% effective against

that specific variant. representative brad winstrop, whose a doctor, says that even if the vaccinated person gets that variant, they will have a really really good chance at eventual recovery. >> we've done public service announcements. we've tried to get it out there. i think some people look at the numbers and yeah, they may have a smaller chance of getting it, but at the same time, they have a much better chance of survival and health if they have gotten the vaccination. reporter: now travel is still restricted internationally because of it. for example, the united kingdom is removing covid restrictions within the country but still has mandatory quarantine in place for americans going into the united kingdom. internationally there's a travel ban in the u.s. , these countries are banned from coming to the u.s.. china, iran, european union, united kingdom, ireland, brazil, india and south africa, travel associations says that they are frustrated by this travel ban, saying that vaccinated people should be allowed to come into

the united states, spend their money, and vacation, but again that's the ban in place right now, neil? neil: yeah, the europeans are getting ticked off about it come on open it up, mr. president. edward lawrence thank you very very much look forward to hearing all of that. you heard a good deal as well about the land variant out of peru versus the delta variant. we're going to explore that in a little bit more detail later on with dr. bob lahida, should we worry about a growing controversy whether all these vaccines address this or if they do to the same degree they address older versions of covid, that of course, came into society, so we'll be talking to him but if any of this is giving fliers, you know, pause, a funny way of seeing it over the weekend, yesterday, for example, better than 2.2 million of us were passing through security turnstyles at the nation's airports. that's a pandemic record. jeff flock following all of that right now from chicago. hey, jeff. reporter: another busy day, neil , yes, beautiful, sunshine

in chicago. you see people getting out of their cars and piling into the airports and of course when that happen, everything from delays to cancellations, you know, coming back this fast let's poke our heads inside by the way as i do that maybe i need to put my mask on because you still have a mask mandate, not only on the airplanes but inside the terminals as well and maybe you'll see it is busy but not chaotic. take a look down that way as i show you those numbers, it came up a little short i think 1.6 million on the 4th, which was about double last year at this time, but nowhere near the pre-pandemic level but that record was set on friday, that was as we kicked into the weekend, as you point out, 2.2 million folks, almost three times what it was in the previous year on the same day and more than it was pre- pandemic in 2019, so that's pretty cool. the delays though and

cancellations on saturday and friday, big problems at the airports. take a look at these numbers. southwest and american hit the hardest, about 1,400 cancellations from southwest, delays i should say, 194 cancellations and american similar numbers and also, in addition to dealing with this , you know, shortage of pilots, shortage of planes, they mothballed planes and laid off pilots, unruly passengers that continues. today, faa with a series of fines against more passengers that have not behaved on the planes and they are even trying a public service announcement whether enlisting the opinions of young children who unlike their perhaps their parents, know better. listen. >> fighting is not good when you're on a plane. >> they keep doing that stuff. >> i be really scared. >> i would not like that if someone did that to me. >> they should know better if

they're like adults. reporter: yeah they are like adults, maybe they don't act like it though. so far, neil here is the numbers , $628,000 in fines to people for unruly behavior, everything from not wearing a mask, not putting it back up when they tell you to actually getting in fights with people. who needs that? i don't like flying anyway. neil: everyone has to be calm just like you are, jeff, be calm , we'll get through this but when you start throwing drinks, of course they don't have drinks but water and soda, it gets nasty. you know? thank you, my friend, jeff flock just got to be like jeff. all right, in the meantime here, you know, flying is back. we are back in the planes right now but what complicates things going forward is not unruly behavior but maybe higher ticket prices that usually goes hand in hand with demand and usually a run-up in energy prices, jet

fuel prices, gasoline, you've heard the whole drill. today's come down from our highs , our six-year highs notwithstanding, which is still pricey for a barrel of oil at north of $73. let's go to erin gibbs, frances newton stacy, and francis, this run-up in prices has been particularly acute in some of the favorite things americans like to do like getting airplane tickets and all of the travel, and all of that and i would imagine these developments on the energy front are going to make that even more expensive what do you see? >> so it's true. a lot of this of course is the opec, you know, opec and opec plus and the united arab emirate and saudi arabia didn't reach a deal on increasing production for those oil pressures, the pricing pressures , the inflationary pressures and of course it brings it back to the argument is inflation transitory, is it here to stay, and what have you.

notably it did hit that high and most of the energy stocks and oil stocks are down pretty dramatically off that high, and so it looks like it was a little bit of a push on the news and we'll have to see if oil holds $ 73, $70 and where it falls back and if there's any major selling momentum or if it just sort of falls back into place with the global demand, as you say, increased travel, et cetera. neil: you think about it, erin, we've been kind of sanguine about all of this or the markets have been bond yields have held relatively stable, but then, i looked and they really tumbled a little bit here, where we're around 1.36% on a 10 year note and i'm beginning to wonder, is the market factoring in something else here? in other words, besides the steady as she goes or the price front that maybe those prices themselves are going to slow things down, or how do you see it? >> yes, neil, i always like to

look at the bond markets for indications of anything that comes around inflation, and the oil can be its own volatile characteristics outside of that, but it's definitely indicating that we're expecting these supply issues to figure themselves out and so we know even with oil, it's really about opec just allowing more production, the demand is there, and really it looks like the markets are going to assume they are eventually going to come to an agreement and allow additional production. i would say the one thing that wall street also takes into account is the very high savings rate that we still see and that it's about 50% higher than it was in february 2020, so americans still have quite a bit of cushion to spend so even if there is short-term inflation, they are still able to spend and go out and see that increase in consumer spending. neil: you know, we talk, guys, all the time about whether it's transitory or not.

ray dalio, the world famous bridgewater founder investor is saying he's worried about government spending that he thinks is underlying it that is going to keep this going, this price up-tick going, and i'm just wondering, if that were so, and is so, then how would the markets respond? what do you think? >> well the interesting thing about markets and erin made a good point particularly the bond market is they are anticipatory so if you think about it we started trading inflation and the reopening trade on november 9 with the vaccine announcement, so we actually have some deflationary pressures coming into the system in the back half of the year which is why i think that the fed trying not to be alarming, i get to say things they don't get to say, you know, is insisting that inflation is transitory and one of it is a slow in the fiscal spending. some of it is one in 10 aren't paying their mortgages, one in five aren't paying their rents, instead of coming off of the worst numbers in history with an acceleration you're coming off the best numbers in history in the third quarter so you're having a marked

deceleration so markets are going to try to price in the next thing, even though the economic data, which is lagging, is still going to have very strong inflationary prints that markets are going to try to anticipate what's next, what's next, and the jobs numbers were not strong enough to get the fed , you know, too excited about tapering tapering more and more and more, so markets are trying to price all of this in an advance, but the fact that we have a lot of fiscal spending coming through, that puts pressure on interest rates and the feds not backing off that puts pressure on interest rates and so that's what we're seeing and that's why the nasdaq is relatively strong today. neil: yeah, amazon a big reason for that ladies i'll be seeing you a little bit later in this show. let me clarify something i said earlier about a weaker than expected number i mentioned the purchasing manager numbers it was the services sector employment index number that came in a little bit less than thought fueling some of these concerns. it maybe the rapid, you know, hiring of folks that sort of

begging for jobs might be ebbing a bit and a stretch, but that was sort of what one of those numbers kind of surprised people and did add a leg down in yields particularly on the 10 year note. another thing we're following very closely is edward lawrence mentioned at the top of the hour here, this latest update from the president on how we're doing in the covid vaccination fight, so far so good. it might not be at the 70% he wanted by now but it's very very close but in the middle of that we have these nasty variants, we've got the lambda variant out of peru on top of the various versions of the delta variant, and that that is delta variant plus, but dr. bob lahida does understand it, the st. joseph's institute for autoimmune andrew matt ic diseases, professor of medicine this guy got straight a's in everything and it's scary how smart he is, so doctor, good to have you back with us. >> good to see you, neil. neil: help me make sense, same

here, so make sense of this latest variant, all of the various variants if you will that in some countries is a huge concern like israel, to a lesser degree, in russia, particularly in moscow. how bad is all of this stuff getting? should we be worried? >> well, no, we shouldn't go off the deepened. a lot of this is hype. this virus loves to mutate. its got a big genome which means the rna in the virus is very long, and parts of it change, just as if you type a paragraph on your computer and you like to change the words around, unfortunately, it oftentimes doesn't make sense when you change the words around. the same thing with the virus. the spike protein which is that which the virus depends on, it changes its shape periodically but the good news is all of our vaccines, the pfizer and the moderna and the j & j are very effective against the delta variant and i dare say probably

the lambda variant from peru. neil: so it's in the lambda variant that israel said that its studies show its been 64% effective, and i'm just wondering, should it matter if it's 64 or 94%? i know obviously it's much better if you have a 94% figure but when various countries come out re-examining a vaccines response to a given variant whether it's lambda or what's happening with these various deltas, how do you play that? because people hear that and say gee, maybe my odds aren't as favorable as i thought. >> well your odds are favorable for two reasons, neil. first of all, this delta variant , or even the lambda variant, it tends to affect younger people, because of course they are the ones that are mostly not vaccinated, but the syndrome, if you're vaccinated, the syndrome will be very mild, and you certainly will not die if you're

vaccinated. now, the second thing to remember is that the influenza shot that we give every year is only 40% effective, so to say it's 65 or even 70% effective based on test tube studies, is to say that yes, the vaccines are effective, and they are going to protect you. i know with the j & j vaccine, for example, the robust immune response that you get is against all of the variants, but particularly the delta variant, where you have significant protection. that's what the j & j vaccine which was tested in vitro which means in the test tube so that's the good news. i don't think people should go nuts and worry too much. neil: real quickly, doctor, i want to pick your brain on something a number of doctors have told me or they might be my own doctors but they are very worried that people through this whole pandemic weren't addressing other conditions they have, that they were so focused on covid and getting, you know,

the vaccine or before the vaccine came out, being protective and concerned about that, like they let heart- related issues go and compromise their health in different ways far more and maybe far more dangerous than anything covid was offering and that the numbers, fewer heart operations, fewer doctors addressing some other things. is that true and is that a worry that is being sort of swept over >> no that is very true, and very worrisome, neil. last year, that was in 2020, we all of a sudden stopped seeing patients coming in with congestive heart failure, patients coming in with chest pain, i actually said on one of my rounds in the midst of july of last year, where is everybody with heart disease? now, you have to remember that all of the screening for colon cancer stopped, all of the breast mammograms, people didn't want to come into the hospital or to their doctors office to get

mammography the women, and so there was a surge of breast cancers and a surge of colon cancers and a lot of the heart disease went untouched and un diagnosed and i dare say, a lot of people probably died at home, which is really really tragic when you think of it and that was not from covid. neil: that's amazing, i was wondering heart surgeons said the operations were a fraction of what they were the year before. i said that's worrisome to your point. doctor lahita, you're always patient as i do learn something, dr. bob lahita very good seeing you my friend and he is indeed confirming what is very very scary this thing is scary covid what have you, but you know, that other medical issues do not ignore them. by the way, good news on the covid front here, where apparently, hearing from the white house now, we're near ing 160 million people who have been vaccinated against covid. that could happen as soon as the end of the week. i don't know if that would include both shots, it probably would, i think, but i mean

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neil: you know, washington i'd call it the great tease the idea that the infrastructure package and getting done, well, uphill though it might still be the problem solvers caucus equal the number of republicans, democratic representatives who are keen on finding a solution they have a $973 billion measure of their own and they support the bipartisan effort in the senate right now, is at least the framework for getting this thing done. will it get done, hans nichols back with us, axios reporter, extraordinaire. how does this move the ball forward or does it? >> well, everyone knows that problem solvers aren't going to create any problems for the bipartisan deal, right? they signal this , because they are really the ones that are out there, especially the democrats that are in that anti-salt caucus, they are the ones that have been out there saying we'll vote against anything that deals with taxes that doesn't include a listing of the salt limits so this is them just putting their foot down saying we're not going

to dump the bipartisan package because that doesn't have any major rewrites to the tax code, and they are saying we're going to preserve our ability to fight down the line, so on the margins , it helps. the fundamental question that you're raising though is will this get across the line i'm not sure that the problem solver s caucus throwing their support out there really advances the bill that much in either chamber, but on the margins, sure. neil: do you think we will get an infrastructure bill done? if it sticks to infrastructure, if it sticks to that under a trillion dollar figure, if it sticks to coming from repurpos ing existing covid funds , that sort of thing. in other words, maybe limited in scope, even though it's a trillion dollars to me, there was a day when that was hardly limited but having said that what do you think of that? >> well look there's a path, right? there just has to be a lot of hard work and the biden white house as well as senate republicans that want this deal, house republicans, nancy pelosi, everyone has to pitch their perfect game, and if everyone

does that, it can get across the line, and you could see how there could be some sort of signing ceremony, not in august, but maybe down in september, but there are a lot of complications here, right? and i think everyone is aware of that let alone we can do the reconciliation bill, what do the progressives do, do two tracks ever meet, do two parallel lines ever meet at the end of the horizon so there are a lot of really challenging questions out there, but again, neil, my standard response to you is it's the week of july 4th i'm not in court enough to actually travel anywhere like na ntucket, i'm here in washington d.c., so don't ask me that question, okay? neil: and you so struck me as a nantucket guy, so let me ask you finally then, you mentioned the reconciliation bill. we're learning that one treasury official is saying it will have that corporate minimum tax thing in it. that's at least the goal. republicans would immediately reject that, right? that's a non-starter isn't it? >> yeah, and that's why they

are doing it at reconciliation and they need to get 50 democrat s, so again, not to torture too many metaphores here but everyone has to play perfectly for this to happen, and people that don't always agree with each other and share the same policy goals. i mean, just going back to the infrastructure package, you have to get mitch mcconnell, kevin mccarthy, nancy pelosi, and chuck schumer as well as joe biden all to sort of agree to pretend that their differences aren't that big on the reconciliation package, all hold hands and jump together on the infrastructure package. that's a big challenge. it's possible, right? i mean, there are ways we can make a case on how this is going to take place. it's just exceedingly difficult, and again, people around town that are smarter than me are giving say 10, 15, 20% probability just on the infrastructure side. once we go to the reconciliation , the big package, it's not going to be 6 trillion, it'll be two to 3 trillion that's equally as difficult so i

think there are a lot of challenges the white house has, they are aware and going to try to work it but they may have to work some magic. neil: i haven't bumped into too many people smarter than you, but if you say they are out there i'll take your word for it very good seeing you again enjoy your very hot summer. >> you bet. neil: in the meantime, we're talking about the difficulty about the jobs and getting people to work, how many are re entering the workforce, well surprisingly a lot fewer women are doing so. what's going on here? lauren simonetti has more on that. all millions of people have left the workforce after the pandemic and they took $800 billion with them in income globally. many mothers are working but from home or just working at home, because their teachers, babysitters, chefs all at the same time so they've become a casualty of the pandemic, but can the workforce get those woman back in and how? hybrid schedules, emergency

leaves, permanent child care benefits like a discount at a center like kindek care for instance, several big banks and tech firms started offering such perks during covid but only as a band aid. a lot of people want these perks permanent and another suggestion going forward is a public, private partnership, listen. >> i will tell you that child care is needed. i believe it is the chief component to a lot of the problems that all countries support, educating our youth at a much younger age so i do believe in partnerships with governmental agencies. reporter: look the need for child care is now greater than ever, but the choice is actually smaller. about 1/3 of centers have shut their doser permanent and more than half the families say they spend over $10,000 this year alone on child care, according to care.com and neil, if the schools don't reopen in the fall , and parents have to go

back to work, i don't really see that working out. that price tag is going to get a lot higher for child care, or a lot lower for women's participation in the workforce. neil: or both. lauren thank you very very much lauren simonetti following these latest developments here, well you probably heard about the latest ransomware attack involving some 1,500 companies pretty much all over the world but again mostly america. a lot of people say it occurred for a reason during the slow july 4th holiday when there weren't as many people around but what's fascinating is the guys behind it, the hackers want $70 million paid in bitcoin , even though we can trace bitcoin, they are still er ring on the side of bitcoin for their ransom demand, what to make of that, after this >> ♪

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neil: all right, it was the biggest hack attack we've seen in some time and it occurred over the july 4th weekend better than 1,500 companies affected most in the united states and a lot of people said it was not coincidence and that russia was behind it. we don't know that for sure but jennifer griffin has impecable sources and if anyone is connected to know who could be behind this she would know. jennifer good to see you. do we know anything more about whether it's the russians, other entities? >> well, kevin manthias group is looking into that and now the national security team that biden has appointed is also looking into it. they are not saying, but in essence, this latest ransomware attack, neil, by a suspected russian cyber gang, is holding the u.s. presidency hostage, putting the u.s. russia

relationship squarely in its crosshairs. our evil, the same russian cyber gang that had the largest meat supplier in the world for $11 million last month is thought to be responsible. president biden ordered his national security team to do a deep dive, and was asked about the hack this weekend in michigan. >> what i did, i directed the full resources of the government to assist in a response if we determine what else you need. >> oh, nothing you're all set. >> if it is either with the knowledge of and/or a consequence of russia, then i told putin we will respond. >> the ransomware attack carr ied out through software from the miami-based firm kasea, comes just weeks after biden met russian president vladimir putin in geneva. sweden has also been hit very hard with cash registers at a large grocery store chain locked for the past three days.

the criminals offered the key to the thousands of companies affected across 17 countries for a mere $70 million in cryptocurrency ransom. >> i read somewhere, someone said this is the most the largest attack in history. this is, it is nothing like that , but it has my name on it, it has our company's name on it, and you know, we're embarrassed we're doing everything we can to fix it. >> that from the ceo of kasea. the fbi is assisting in the investigation but many affected would not have known their companies were targeted by the july 4 weekend hack until they arrived back at work this morning, neil? neil: what a mess, all right, jennifer thank you very much, jennifer griffin following that our national security correspondent. in the meantime one thing that caught my attention is that the people behind this , the hackers, if you will, wanted 70 million paid in bitcoin, so despite the fact that we've proven that we can trace bitcoin

payments i thought it was a good area to kickoff with erin gibbs and frances newton stacy so ladies thank you for continuing to stay with us. erin, the bitcoin thing has been proven to be not completely mysterious and being examined, in other words you can trace it yet these hackers supposedly want payment in bitcoin, what do you make of that? >> yeah, that was surprising, certainly when they asked for it in bitcoin or any of the other cryptocurrencies they are going to have the same issues of being able to track these transactions , and so it's interesting that they seem to think that they are able to get away with it and i think they are going to have to have multiple examples of the sei, the u.s. governments coming in and being able to get some of the ransom back to the u.s. corporations to prove this is not an effective way of being able to get paid. neil: you know, francis, i just

wonder forget about how you get paid, terrence flynn agreed, obviously, it doesn't dissuade the hackers, but this notion that it keeps happening, and that to me, it ups the ante. i don't know where this falls in line of the dollar amounts, but i do know that it certainly involved a lot more entities and at a time when we were clearly vulnerable to this sort of thing , so how often are we going to see this , and more to the point, how does the biden administration respond? >> well, the thing is if it's found that it can't be truly traceable we're going to see attempts more and more and more frequently and either the u.s. government will get to a place where from the regulatory perspective, they can completely trace these transactions, or they will out law it. it's super simple. when you look at the future of bitcoin, you kind of divide the price action into two sections, it's regulation versus correlation, how do you price this thing and the thing that we

also put into that mix is that the fed is coming out with a digital currency, a bit of course of the government would have full access to, so that's the thing. if for those that want bitcoin to stick around, more regulation is going to bode more institutional investment and it's really, you know, with the regulators you're seeing them crackdown on the exchanges and yet you're seeing investment banks get very enthusiastic for their wealthy clients and what wins the day and what the biden administration does and the sec does and how they regulate around this is going to determine the fate of bitcoin. neil: francis, and erin, thank you both very much. we're monitoring that closely taking a look at bitcoin down about a half a percent its been all over the map and it is volatile probably an understatement but what's also vol a delivery is what's happening on the inflation front check into any grocery store and you see the prices are soaring. do you ever wonder to grow your own garden to deal with this? grocery stores are actually doing just that in fact a lot of

other businesses are, we're on that, after this. (judith) in this market, you'll find fisher investments is different than other money managers. (other money manager) different how? don't you just ride the wave? (judith) no - we actively manage client portfolios based on our forward-looking views of the market. (other money manager) but you still sell investments that generate high commissions, right? (judith) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money? only when your clients make more money? (judith) yep, we do better when our clients do better. at fisher investments we're clearly different.

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neil: all right, if you can't deal with the prices, how about growing it yourself. i'm talking about the rise now in indoor farming to sort of compensate for what's been happening with the rocketing food prices across the nation. lydia hu is following that very very closely, starting in new york, hey lidia what's going on here? reporter: hey, neil, yeah some say that to protect the prices, plants from prices, vegetables from prices that are escalating in the grocery stores across the country right now the answer lies in indoor farming.

we're at balry farming where they are using a technique called vertical farming and you can see the plants in these containers stack on top of each other one on top of the other underneath these grow lamps that simulate the outdoor sun part of a process where they are able to control the environment here which does a couple of things for their produce. they are able to protect the plants from weather events like the drought that's happening on the west coast, for example, and they are also creating the optimal conditions throughout the year creating 12 growing seasons, usually, they say farmers get about two grow seasons a year, so they are able to produce much more than a typical farm. they also have better quality control. take a look at this. this is wasabi arugula. i tried it a little while ago when you bite into it it's a little spicy and the spice comes when the plant is under stress while it's being raised and harvested. listen to how they create that stressful environment. >> what stresses the plant out is exposing it to more intensity and longer duration of light and

so we are able, again, to optimize that recipe because we control every aspect or input into the plants growing and we're able to hit the exact flavor profile we want. reporter: the plants that are raised here in new jersey serve the tri-state area, and what they say is that as you see more indoor farming locations pop-up across the country that will better serve the local community , therefore, reducing reliance on long supply chains to insulate how they are getting food to communities. they also say that this is going to protect supply chains and food from environment and environmental interference like the drought that we have out west, all of that is going to protect produce from rising prices. neil? neil: lidia thank you very much i believe i said new york, but it's new jersey my oops for that in the meantime, want to bring you up-to-date right now on what's going on on broad way. the boss is back. he's planning some shows talking

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neil: all right, here is how bad the crime situation is in new york, even though mayor bill deblasio hasn't really noticed an up-tick. the atf and nypd are joining forces to deal with it. bryan llenas a lot more on this from new york city. brian? reporter: neil good afternoon, well shootings in new york city are up 42% compared to last year , 26 people were shot in two dozen shooting incidents this weekend alone and the atf and nypd are working together to curb this gun violence in a new kind of partnership. fox news receive, we received an exclusive first look inside their shared new headquarters where atf and nypd agents are using an analytics dashboard to seamlessly share intel in realtime about guns recovered

from crime scenes shooting investigations and deaths. it's an unprecedented effort to get guns used to commit crimes off the streets, while identifying gun traffickers, they hope that this new model will be a model for cities nationwide. >> it's getting law enforcement to look at the same at the same time with the same goal which is to reduce gun violence, save lives, put us side by side. >> when a firearm is recovered we submit it for tracing and we get the results in the matter of a week to 10 days. used to be much longer time span reporter: the atf also gave us access to their secured gun vault here in new york city where you can see rows filled of confiscated rifles and handguns from crime scenes. >> 50% of our shootings are gang-related right now and we also have an increase in he relationship retaliation shootings so someone from that side is retaliating.

reporter: the nypd made a record more than 2,300 gun arrests so far this year. that's up 39% compared to last year, but, neil, nypd commissioner says the problem is about 83% of those arrested on gun charges are allowed free, back on the streets, and he blames the city's bail reform laws from 2019. neil? neil: they got to do something to your point, bryan llenas, thank you very very much. my next guest obviously would follow this very very closely because you think about his livelihood and so many livelihoods in the new york metropolitan area are at risk here shelley fireman runs bond 45 very very popular eating establishment a lot more than that, but he's open for business , and he's getting the business, good to have you. i would imagine anything that looks like it's going to combat crime right in the times square area where there have been a number of incidents of late, are you relieved to hear this news? >> well, hi, neil.

i've got to tell you, i've got a blind spot here, i've got a real blind spot. i was there friday evening on times square in my own place, and in the hotel that i'm in, the hotel edison, and you would think nothings happening but new york is alive, so so i know the stories are bad. i don't know how to respond to you, because i think the police are doing the best job they can, guns are an issue, i could babble all day about this issue. what would you like to know? neil: [laughter] no, no, you're very good. i guess what i wanted to ask you is when people are polled to coming back to new york and their offices and you're in the broadway area, you're getting pretty good foot traffic now with few and far between, so obviously, if we can have crime less of an issue to those coming into the city, or that they don't have to fear when you see these headlines on shootings and the rest in new york, that

would go a long way toward building confidence about coming into the city, right? >> i don't know, but they are up. i got to tell you, man, they are coming and it's a great time to come, and yes, there is some problem, it isn't perfect, its been imperfect in the city of new york since 1873 where there was gambling on every corner and every kind of crime in the world , so i have to praise the police in the area. i've got to praise, it's all im perfect, and it's full of, we have a great show and people are coming to our show. i want to plug my show if you don't mind, neil, can i plug my show? neil: sure, please, you're here. >> what we do is we brought back a woman

named holly ann devlin brought back burlesque, so we've had audiences jumping up and down having a great time in manhattan >> [audio cutting out] neil: we're having some audio issues, not a lot but i'm very happy to hear that it might be overstated that you're seeing a boom in business with your own shows and certainly with the likes of bruce springsteen returning with his earlier shows before broadway formally opens but we might get it wrong some times, people are anxious to get back and have some fun and a good meal while we're at it and he could be an early beneficiary we're on top of this , with a lot more. 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.

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♪. neil: maybe it is just me but moment of healing, incredible number, not only drop in oim from the six year highs but what is going on with the 10-year note. look at that yield around 1.36%. charles payne, amazing, amazing to me. to you, my friend. charles: it is amazing to me, too. we'll delve into it, including whispers it has something to do with the delta variant. hope you had a good weekend. neil: thank you. charles: i'm charles payne. this is making money. breaking right now there are major changes around this market. forget about inflation around economy slowing down and maybe we should talk about deflation. i talked about the delta variant