i don't play governor. i don't play tennis. i love the news and i have passion for the financial markets. i love what i do. he one of lucky few in this world comes to work and thoroughly, thoroughly enjoys what he does. >> that is beautiful. ashley: lucky for him. there you go. we are done. the markets are so-so, waiting on those fed minutes. maybe we'll have more movement this afternoon. time is out. thank you, lauren. neil cavuto. take it away. neil: this reminded when "the today show" used to do when someone turned 100, it was like a big deal. well i never knew. stuart varney is 100 years old. that is wild. he does not look it. he does not look it. ashley: not a day offer 90. neil: exactly, exactly. thank you very much, happy birthday, stuart. of course around the time we recognize the birthday of our country. stuart was there for that as well. all this stuff comes together. welcome, everybody, i'm

neil cavuto. welcome to "coast to coast". see what is happening with the dow jones and economically sensitive stocks are picking up right now. the big story for me, something we'll explore, the 10-year note. it is now at 1.31%. that is going back to like february lows here and reversing what seemed an inexorable climb. it was going to hit 2% and go higher on those inflationary fears and everything else. those inflationary fears are still out there, they haven't gone away but the consensus seems to be maybe they're transitory. maybe they will get a sense out of this with the fed minutes when they come out later today. fact whenever we hear what the fed was thinking in june about those things, pressures now, built considerably since then, nothing at all. we have all the major market averages racing ahead. what is behind all of that? a lot has to do with this perfect balance, if you will, between the improving economy

and the fact that right now the market seems to think a run-up in rates and everything else, and run-up in all of other stuff you haven't seen in rates is short-lived. you have this goldilocks environment. you get news about big job openings. more than about 9.2 million worth. you begin to say, there is still more and a lot further this can go. edward lawrence at the white house following all of that. hey, edward. reporter: neil, we have to see if the rally or the market stitt keeps in the grown after all this. as you mentioned a new report out in may there is a big difference between this administration and the last administration. it can be seen in the jobs report came out this morning as well as gas prices. but job openings specifically, we're in the third record month of record job openings in the u.s. 9.2 million jobs are open in the u.s. as of the month of may. 9.5 million people are unemployed as of the last check

there. when you talk about that, talk about energy policy also. we see more regulations, more problems with opec. it all opened the door for a massive surge in the price of gas. aaa is saying that gas prices have risen 40% this year alone. look at these numbers. now the national average for gasoline, gallon of gas is $3.14 a gallon. aaa notes that oil prices hit a seven-year high this weekend and the automobile association believes gas will average $3.25 a gallon by the end of the summer. a year ago we were paying 2.1a gallon. when asked about this, white house press secretary jen psaki deflected. >> i think there is sometimes a misunderstanding what causes gas prices to increase, so to convey to the american people we're working on it, certainly the supply availability much oil has a huge impact. i would also say that insuring americans don't bear a burden at the pump continues to be a top priority for the administration

writ large. reporter: but the administration facing backlash about the rise in gas prices. right here, representative elise stefanik saying thanks, joe's. rnc chair rohn ma mcdaniel says gas prices is hidden tax. the rest of things we buy have to go to a store by trucks or airplanes. the president will go to the midwest and tout his policies are working, that we need to spend even more by the federal government. neil, back to you. neil: edward lawrence, thank you very much. the read on all this ray wong, constellation research ceo. everybody wants to rule the world surviving and thriving in a world of digital giants. racing up the charts. hal lambert, point bridge capital ceo around former ted

cruz finance chair. hal, the notion that the market seems to be a finding a sweet spot here. is it a sweet spot? they seem to poo-poo inflation worries, the bond market has, have you? >> i don't know that it's a sweet spot. i think the 10-year dropping down in the 1.30s is really troubling actually. i think if it stay there is, there is a sign that is a slowdown coming which is shocking to the imagine. a big part as we just discussed there could be higher oil prices. higher oil prices reduce gdp growth, they do. anywhere from $10 is a quarter basis point in gdp decline f you're looking much higher oil prices remaining where they are, that is a reduction in gdp, that is a slowdown in the economy. that could be why the 10-year is doing what it is doing. we'll look at the fed when they release the minutes whether they keep buying treasurys and keep buying mortgages but they also

manipulated the yield curve. we'll see if they reduce that buying they're doing which may cause these yields to pop back up a little bit which i think we need to see. we need the 10-year moving higher, not lower if we want to sustain this to feel like the economy is actually doing what it needs to do to grow our way out of this. neil: all right. i just explained to the folks watching at home how we're referring to the minutes coming out from the last federal reserve meeting in june. you hear a lot of talk about tapering. what the federal reserve has been doing throughout this whole 10-year plus, ever since the financial meltdown is buying up treasury notes, bonds, mortgage barked securities, municipal bonds to forcibly keep rates low, not have to taper that, reverse back on that, the timing is always bumpy. anytime the fed talks about it always causes a kerfuffle in the markets here but that is what kind of hal is addressing. what we might learn from that, what seeds are being planted or

whether this issue was even coming up in that june meeting. you know, ray, we do know that the federal reserve has kept this market going because by keeping rates as low as they have been, that has allowed you know, people seeking out alternatives to stocks to come back to stocks. do you expect that to continue being the case? >> yeah, i think they are going to keep the rates pretty constant as much as they can. they probably will not get past 1.45 on the yield for the 10-year but because there is a lot of money in the system right now but it is not getting to the right people. it is not getting to new businesses. not getting to folks trying to expand. we have trouble with hiring getting the right workers in place and all that is coming into play so they're waiting to see what happens but at the moment they're basically focused trying to keep rates as stable as they can. the drop in the rates i agree, that is troublesome. it is definitely oil driven but other factors trying to figure out what is going on with the

jobs market overall. neil: all right, let's go to today east other news item, trump taking out or hoping to push a class-action lawsuit against the technology giants, particularly the social media giants and his arguement is they have gotten too big for their britches, hal, he says they haven't been fair to conservative thinking or views himself included. where do you think all of this is going, hal? >> i think what will happen trump is taking advantage of the new law passed in florida. i haven't seen the filings. i assume he is filing a lawsuit based on being a resident of florida being censored, which they passed a law you can't do that in florida. i don't know that will go anywhere. that is state law versus federal law. they didn't do away with section 230. so the big media companies have the ability to pull down what they want to pull down. so i think that will be troubling but i think where he may get some traction, neil, interestingly, we found out fauci was communicating directly

with mark zuckerberg. when you have a government employee of a government official communicating and distributing out potentially censoring information, then you have the government censoring information, not just a media company doing it. so that will be an interesting thing, we'll see where that goes because we didn't know that until some foia requests that fauci was directly communicating with mark zuckerberg at this time. you can't have the government censoring speech. that could be an area where they get some traction. neil: you know it is interesting, if you look at market reaction to all of this, ray, this is your specialty of course, technology issues, they then are shrugging their shoulders, right? amazon, i don't believe part of this target is raising to new highs yet again today, maybe new ceo, rumors he will split the stock. i don't know what it is but what is going on there? >> what is going on people are turning back to growth stocks so the big tech stocks are driving a lot of that expansion. you're seeing, you will see

earnings come through in a few weeks. we'll see continued double-digit growth, margin expansion. also market share expansion. in fact, they're not really worried about the regulatory landscape. even if you break up big tech companies, those individual companies may be worth more than the sum of the parts. most investors are not worried on that end. in terms of lawsuits for facebook or google in the future, with trump, i don't think that will make that. of a difference because these are private companies. they can actually determine the rules. you're choosing to go on their platforms. it's a hard one to beat. with section 230 still in place that is a tough place to get a lawsuit to actually win it. neil: i'm sorry, ray, would you buy amazon as these levels? it is and all-time high for the stock, whatever the justification -- >> i would definitely buy amazon. >> you would, you would buy it at these levels? >> i would definitely buy at these levels. neil: go ahead, hal. >> paul pelosi just bought millions of dollars in call

options on these companies. if nancy pelosi's husband is buying them there may be insight where they're headed. neil: i did not know that. thank you both very, very much. we'll keep an eye on all the technology stocks. if they're afraid of an approaching, you know, massive lawsuit, amazon not among them, but all the others, premier players like the facebooks and some of them of course are, the fact of the matter they're not showing it. they're continuing to race ahead. this could change but like one of the things going after twitters, facebooks, google, the message being sent, you ought to watch what you're doing and now sometimes that tames or correct corporate behavior or pivots it. doesn't seem yet. but we'll see. back to the oil front here, this racing ahead you can talk about oil coming down from the highs, those are six-year highs. we're in and out of the five or six-year high level here. how long does it last what could we look at, stephen schork, the

schork group principal. what do you think, steve? >> absolutely, neil, we have had significant run up the last couple months mainly on the supply crunch. back end of the curve, formation is, that supplies are tight. there was an expectation that opec would keep the reins rather tight through the end of the summer. this really did invite buying into the markets. now we have the news that the u.a.e. stepped up, does not want to abide, does not want to play by what is proposed by saudi arabia and russia and now there is the fear we'll get production or excuse me a price war the u.a.e. wants to monetize as they said in their words, billions of dollars they invested in their infrastructure over the last number of years. there is that sticking point now and there is that fear, and oil prices come off significantly now over the last few days. there is this fear we will get a significant amount of supply. at a time, neil, at the end of

the summer when we already passed peak demand. our modeling here, probable modeling gives 70% chance that oil prices will range between $78 and $68 through the end of the month. that does trend late into about another 10 cents when you look at the historical correlation between crude oil prices and gasoline at the pump so this could potentially bring gasoline prices by the end of the summer 3.20, $3.30 range, yes it is expensive, neil. adjusted for inflation over the last two generations it is still quite an attractive buy. neil: it always risky, stephen, to say it is different this time. you're an expert. i read a prompter and i play one on tv. let me ask you this, i think it's a little bit different this time, the traditional end of summer, peak demand goes into the lesser demand of the fall. of course this is the fall where

many individuals will return to jobs, commuting will go up, demand will go up, so this traditional sort of easing might not happen. in fact it might be the opposite. could that be the case? >> yeah, no, that is a fair assumption and historically we do. we also, this is a time of the year when you do transition into winter grade gasoline which is cheaper to manufacture. so you do get the discount as we get into the fall. when we look at more people coming back to work, commuters, students, school buses and the like, yes, on a year-over-year basis, you're not going to see that traditional pullback in demand but relative to historical norms over the previous, five, six years, you will certainly get that pullback. the fear now here is of course the lack of refining capacity. that is what has really changed, neil. here on the midwest, excuse me on the mid-atlantic, here in philadelphia, we once were the

houston, the epicenter of refinery activity on the u.s. east coast. we had a number of refineries close down over the last five years. so our ability to turn crude oil into gasoline has been greatly compromised. therefore, as we saw at the spring when we had shut-in with the colonial pipeline, 55% of our product comes from the gulf of mexico along that one pipeline because we simply don't have that capacity. that has been a real game-changer is the lack of our ability to get supply to the market here in the mid-atlantic and in the northeast. so certainly within a year on year basis you will not get that typical, again, relative to a year ago, you're actually going to get stronger demand in the fall relative to a year ago. we don't have that same capacity. so certainly creates a fundamental scenario for prices to remain sticky at these levels. neil: bears watching. thank you my friend, schork kruper expert on all things

expert on energy and oil and more. the president will be dealing with the chicago mayor who has been dealing with crime rapidly spiking. in fact that used to be largely ignored by the administration. and indeed democrats in general. that is in the face of one stat after another shows crime is going crazy but they did pay attention to this development, another number, eric adams, right now, the democratic nominee for mayor of new york, which all but cements in this heavily democratic bastion, he will be the next mayor of new york. you know what his number one issue was and is? , crime. you know what his background is? 20 years on the new york city police force. you know what his passion is? stopping the defund police movement. implications of this next. ♪.

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♪. neil: president biden is off to illinois today. among the stops with the mayor of chicago to get into the crime problem there keep in mind, we're just off a week where 100 people were shot just in chicago. that is kind of a common routine. mike tobin has been following all of this. he joins us now from crystal lake, illinois. mike. reporter: and, neil, air force one is enroute to o'hare and the meeting between president biden and chicago mayor lori lightfoot should just be about 15 minutes off. lori lightfoot has no shortage of problems, not the least of which is the violence she just can't seem to get control of, punctuated by the fact that 100 people were shot over the weekend, 1killed. among the gunshots victims, 11 children. punctuated by the fact that two federal agents and a chicago cop were all shot. the meeting will take place this morning. the agenda will be more money for police and atf agents. >> propose additional

70 million-dollar increase over the last trump budget for atf to have the funding they need to crack down on illegal guns. i know gun violence is a huge driver of crime in chicago. he will continue to advocate supporting evidence based community violence intervention programs. reporter: when the president makes his way to critical lake, the northwest suburbs, the goal will be to sell the american family as plan. the package involves free preschool and free community college. mchenry community college was chosen as a backdrop in part because the school offers child care. the subsidies would be paid for with a tax increase on wealthiest americans. the neck election is always on the agenda. president biden will be meeting with a democratic representative lauren underwood. this is a red state, a red county, i should say and a deep blue state. of course the president's goal will be try to bump up the support for representative underwood ahead of the midterms.

neil? neil: mike tobin, thank you very, very much. all of this at a time when criticism among democrats they have not focused on this crime problem. they ignored all the statistics but one they couldn't ignore, what went down in new york city last night when officially we saw that eric adams, in a very crowded field won the democratic nomination which on most occasions in this heavily democratic city is a sure ticket to get the job itself. it is far from certain but that democrat's attention, this guy is a 20 year veteran of the police force a former police captain. and he was not into this defund the police movement. said crime is a concern for those who are worried about the police overstepping themselves as well as those who are clearly victims of it, who have nothing to do with the battle back and forth. joining us howard safir, the former nypd commissioner. commissioner, always good, not to be jaded about it, roberts or

eric adams' win really crystallized this issue for democrats who ignored it. obviously the number one issue for new york democrats voting and he won, he got that nomination. what do you make of it? >> i think it is great because of all the various candidates for mayor in new york, eric adams is the only one who has experience in crime reduction. he knows what has to be done. i think the citizens of this city are tired of going back to the bad ol' days after we had become the safest large city in america. so i think it's a good thing for new york and i hope he will appoint a police commissioner who is in sync with him and get the city back where it belongs. neil: it is interesting because bill de blasio, he can't run again. he will be termed out but the new york governor who he has not enjoyed a great relationship is already saying this gun violence, particularly in new york city, warrants a disaster emergency.

do you think that governor cuomo then, and, let's say if it is, you know, mayor adams, will be more in zing sync on fighting crime? >> i hope he would be, what he did was a political move. when you look at the details, it is not going to reduce crime. it may catalog guns better. what reduces crime getting guns off the street. what reduces crime is something that i was very glad to see that eric adams is now in favor of, is stop-and-frisk, when used properly as a tool will reduce crime. he is committed to reinstate the gun task force eliminated by the current police commissioner. neil: so this issue, not only new york, as we said. it happened in chicago. we've seen crime spikes across the country. the argument is this kind of thing subsides in the fall. i seem to remember it happening throughout the year but what are your thoughts on that? >> as long as criminals are not

afraid of police, which is what the case is now, crime is going to continue to happen. if they believe there is a certainty that their guns will be taken away or they will be arrested, then crime will go down. we need assertive policing, we need more police on the street. we need specialized units. we need to concentrate what is 80% of the cause of crime in this country, that is drugs and guns. if we do that we'll go back to a low crime rate rather than what is happening now. we need to stop, we need to start ignoring the loud voices of antifa and black lives matter neil: howard safir, good talking to you again on these developments. see what happens in new york and these other cities where this is now clearly become the number one concern. number one global concern right now, when it comes to markets is china's increasingly influential role, some liken it to an anvil approach on clamping down, even on their own successful

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♪. neil: you are looking at bitcoin, bit wouldn't related investments right now. this is a funny way of reacting to the chinese trying to clamp down on yet another series of players in this arena. i'm talking about all cryptocurrency arena. they have already gone after those who mine it, those who manufacture it, and now the key players who are big in the software services that help promote it. i'm not only going after chinese entities but punishing those who

do this abroad and somehow get that back into chinese citizens' hands. it's a again a concerted effort on the part of the chinese to squash this. they're not against cryptocurrencies. they're developing one of their own. they don't like all the competitors out there, bitcoin, ethereum, that lead that rampage. it is an interesting development. we'll see how it affects the currencies and strategies going forward. ray wang back with us. hal lambert back with us. it is if china is so determined it is the digital currency player, it will kill off anyone else who is even thinking of it. what do you make of that? >> yeah, i think all really comes down to power. when you're unelected communist regime the number one fear is being left alone. you want to make sure you control every aspect of your

citizens' lives. they have done it. they can see all the transactions going on exempt for bitcoin. they don't like that. if you want a digital yuan, you see real time purchases, you can monitor it, you don't want bit kind around. you don't want capital flows going out of your country in bitcoin. this is about control and maining control. bitcoin has gotten too big for their comfort level and they're trying to squash it. interesting, neil, it hasn't really worked. we've seen down on bitcoin but holding steady within the 30,000, 34,000 range. with this news it is up. it is not doing what china expected it to do, trying to collapse the cryptocurrency market and it hasn't happened to this point. it is interesting it is not working the way they planned it to would to work. neil: marry it with what they're doing on chinese listed companies with great exposure abroad. no matter how financially successful, they try to clamp

them down. we've seen didi, the ride-sharing company. remember what they did to alibaba, to sort of bring it down to size. but it doesn't have the same effect. i'm just wondering, the way the world markets sort of pander to the chinese, is this a wake-up call? what do you make where this all goes? >> well i think the ccp china government is realizing the limits what they can control. i think the earlier point was definitely true. this is about controlling capital flows and capital controls. by limiting ability to get into crypto and exchange to the outside market they're putting control on their citizens, control on the oligarchs and what we call the princely class and the entrepreneurs. back to making sure the tech companies will do well, they have to do it under chinese rules. even if 2/3s of the crypto mining were in china it would have to be under chinese rules and chinese regulations. they're willing to ban that market.

they understand it. they will move on to the digital yen. that is where they want to succeed. they want the rest of world in belt and road to use the digital yen as well. we're looking at two competing systems in the long run. closed market in the ccp china versus the open market of the west. almost like we were in the '70s with the soviet-ussr. so. neil: it is interesting, when push comes to shove they revert back to the military power they really are and that is their real interest, an even if that comes them a little bit, actually a lot, it doesn't matter. that is the priority. all of these incidents if you think about it prove it, don't they? >> they certainly do. they always will revert back to control, right? they need to control every aspect. when again you're unelected regime, pretty militarily oppressive on their own citizens, enslaves a lot of their own citizens you have to worry all the time that you have a vast population that will rise

up against you. so you have to have control of every aspect. that is their focus. it doesn't matter if it hurts them economically. doesn't matter if the west looks down on them. doesn't matter if the west looks down on them they will do it because that is the number one priority is control. neil: ray i read into their actions clearly risking potential economic harm to the mothership, the government but they don't care. if that is the case, if my read on that is right, then shouldn't we worry about that? that they feel comfortable they're ready for the next step? i just don't know what that next step is. i know they have been speaking very provocatively. i wonder when they risk cutting off their financial limb to save the greater body here what are they doing? >> it is not just about finances. it is also about you know, political control. it is really about getting the belt and road expanded. it is about influence in the national markets. it is about influence in the

national political class and so they feel they're in a position where they're the dominant power to challenge the u.s. and in some cases they might believe they are ahead of the u.s. and i think it that's arrogance we have to watch for because it could create some miscalculations especially in foreign policy and foreign affairs when it comes to other countries in the surrounding area, the war against the dollar and of course the economic war and intellectual property war that is going on. >> they're not only flexing their muscle, they're walking into the ring. guys, we'll keep an eye on it. thank you both very, very much. we're keeping an eye on elsa making landfall in florida, 65 mile-an-hour winds. it is not as dangerous as once was you try dealing with that. in florida they are. the latest after this. ♪. hey, guys! they have customized solutions to help our family's special needs... giving us confidence in our future...

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>> it's florida. i've been here 25 years. i've been through a lot of them. you know, i've been through pop-up storms out in the gulf where it is you and mother nature and you better be nice. >> i'm in fort lauderdale. we're used to major hurricanes. so my daughter is freaking out at home. i'm like, honey, we're good. neil: all right. don't let the fact that elsa is a tropical storm and hit florida with 65 mile-an-hour winds make you think that all is just fine. steve harrigan following it all as we have so many of these type of situations, now in clearwater beach, florida, with more. steve? reporter: neil, vacationers here in clearwater beach wasting no time to get back to the beach despite the heavy surf. surfers are out there. even some young children out there in the heavy surf. if you designed a category 1 hurricane not to injure people this would come pretty close. it stayed 50 miles off the west coast of florida the all the way up.

when it made a turn in to make landfall a couple hours ago, it did so around sparsely populated fishing villages 200 miles north where i'm standing. that means zero reported casualties for this storm which made landfall as a tropical storm. no reports really of major structural damage either. there is trouble from the rain and from the flooding. that is where we got most of it, three to five inches in some places. a lot of things were shut down also. government buildings, roads, airports shut down. they are quickly reopening. more than 20,000 people woke up without power but they had 10,000 emergency power workers to try to restore the power as quickly as possible. so it is not over yet though. this store moved on, going across northern florida. it will hit the coast of georgia. that coastal area will get hit with severe floods. the wind damage didn't kill anybody, didn't knock down buildings but flooding goes on, leaving florida en route to

georgia. neil, back to you. neil: thank you very much for that steve harrigan. between what is happening with the weather which is always a reminder what life is like in florida and some hurricane prone states this time of year, they're still looking at the calamity in south florida, in surfside where the county is up to 30, i'm sorry, 46 known dead. the speed-up of finding of victims picked apace. it is giving folks a pause about not only this particular building and buildings around them, high-rise condos in general, very popular, very much in financial demand in a booming real estate market. jerry howard, the national homebuilders association ceo, weighing in on some of these developments. jerry, always good to have you. it is interesting, i was talking to a number of florida realtors last couple weeks since this tragedy, they said anecdotally people are hedging their bets.

they love florida, that hasn't changed, maybe not a high-rise. maybe individual family home or something lower to the ground. is this a trend? what do you make of it? >> well, first of all, neil, our thoughts and prayers go out to the people impacted by this absolute tragedy. i think in terms of the market it is much too early to call anything a trend. people are reacting right now to the severity of this disaster. and rightly so but i think people need to step back, let a little time pass. let analysis take place exactly what happened with this. we need to find out exactly why this occurred so that we can make sure that it doesn't ever happen again. and that will include looking at existing structures, making sure that they are structurally sound and of course building new structures that are built to the newest codes and to the most effective codes we can possibly

do. to say it is impacting the market now i think would be a little too early. neil: yeah, i'm wondering whether, everyone is always looking for signs that this great, robust, housing boom is slowing. i don't know how you feel about that. some people look at mortgage applications. they sunk to the lowest level since before the pandemic hit. i believe down close to 2% in the latest week. we're seeing applications for refinancings. some refinancing existing mortgage you have, down about 8% year-over-year. so is there something that is happening here? >> the refinancing market i think has been just saturated. it has been going on for a while. i'm not looking at that closely as i am than new purchase mortgages. when you look at the purchase mortgages, they're down. i think the reason they're down because a, a shortage of inventory out there, and b, that shortage of inventory is causing prices to go way, way up. housing affordability once again

is coming back to bite us. that is the real issue. it stems from the cost of labor. people are not coming back to work. even when they are fully employed we still have a shortage in the construction sector. but for the first time in my career we have a real issue with the supply chain. everything from appliances to lumber are difficult to get, they're costing more and it is inconsistent when you get them. all of that is really boding poorly for the housing markets going forward. neil: all right. we'll keep an eye on it. jerry howard, national association of homebuilders. again these mortgage applications, some of the things i was referring about, only blemish you can call it that, otherwise strong housing activity. a bit of a decline here. but overall still quite, quite strong. i want to emphasize that. we're talking about the latest ransomware attack t involved better than 1500 companies. the administration doesn't

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♪. neil: still a lot we don't know about this, you know, over the july 4th weekend cyberattack ransomware attack that really hooked in about 1500 plus companies. the president keeping a close eye on it says, you know, so far it has done limited damage. doesn't know for sure whether it is coming from russia even though a lot of experts say it does have russian from time to times on it. to dan hoffman on these developments, former cia station chief in russia, fox news contributor. dan, always good to see you. obviously the president is holding his cards to his vest. there is probably much more that he knows and how to respond if it is russia, what do we do? >> well, first of all we snow

know at the very least, this cyber hacking group, revil is in russia. if vladmir putin wanted to stop them he could do that and put them in jail as the he does with political dissidents. whether they enabled this attack with some kind of cyber technology would have made it more effective or might have been aware ever the attack. those are the things our intelligence community ask focus ed on. neil: i wonder, we always seem to try to fight this? a gentlemanly way. we have don't want to get down on the level of those who attack us. you're, you know, a seasoned diplomat besides and i guess should we be less gentlemanly about it? why not fight fire with fire? if they hack us, we hack back. what is wrong with that?

>> right. nothing at all, i think there are three things we need to do, this is a ransomware attack. you get it back by hardening defenses with really good training. secondly we need to take the fight to the enemy. find, fix, disrupt these criminal hacking groups. we can do it with cyber command. cyber command has done it before pros prominently before the 2018 midterms when they targeted agency. third, president biden needs to warn the kgb operatives if they enjoy having these hacking groups in rushion territory, we will. that is warning that we should be delivering at the expert meeting supposed to be taking place next week between the united states and russia. neil: while i have you, dan, so much we don't know, but haiti's president was assassinated in his home. his wife was injured. she is being helicoptered to miami for treatment after the

wounds she endured, the president is very disturbed about it, worried about it. there has been a lot of gang violence there, a lot of crime there. gets people's attention when the leader of the country is killed. what do you make of this? >> i mean massive corruption there. questions about, about issues with the government with president malis ruled by decreed and whether he overstayed his election term which some say ended last february. i think the interim prime minister, clawed joseph, has to be concerned about collecting information what happened because he may be the next one targeted. this has implications for illegal migration into the united states. we have to be focused on this. neil: a lot of that has been coming from haiti. i'm wondering also, haiti is a desperately poor country. it depends on american tourism, the cruise industry. this is yet another body blow.

>> it is for sure and i think, you know the united states has tried hard through the agency for international development to support haiti, to build good governance and we're seeing again the combination of corruption and natural disasters and poor government hasn't really led anywhere too positive. and we're in kind of incident response phase here. i think our embassy there is on lockdown right now. very difficult for to us get out to determine what happened. but that will be important. it will be important again for our national security because haiti is close by to our country. it does impact our national security to some extent. neil: dan hoffman, thank you very much. former cia station chief, fox news contributor, following all of these other developments. we'll stay on top of that. give you an update what is happening on surfside right now. the rescue effort with 46 known dead right now. ♪.

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neil: all right, welcome, everybody, i'm neil cavuto. you're watching "coast to coast" on fox business which if you don't get you should demand but you are getting it because you're watching me so your demand paid off. we are up 56 points at the corner of wall and broad looking at the dow amazon rates along that's a whole separate drama thing going on i still can't figure that out but in the last couple of days its put on about

$100 billion plus in market cap, we're going to explore that because some of the things that go along with this is the possibility that this lofty stock over $3,700 a share might be split, and jeff bezos is not keen on that, and had split for many many years but there's a new share in front of the company and the talk is he's more amenable to it and that might be a leap of faith but it propels share buybacks, or even splits, get a lot of attention, but in this case, it's still the same aggregate dollar value, but allows more people to afford it so again just throwing that out there as one of the things we're keeping an eye on today. we're also keeping an eye on the president of the united states, he's in illinois touting his american families plan here and a lot of that calls for a lot more spending and a lot of goodies like free college and all of the rest, but he did have a chance to meet with chicago's mayor, who reminded him, of course, if he needed it, that crime is still a problem there, big problem over 100 people shot over the july 4th weekend, and

this is getting sadly to be a common event and democrats are focused on it now more than they have been probably to a new york mayoral race that saw the winning candidate, former 20 year police veteran, ultimately pick-up the democratic nomination, it was close, but in this heavily democratic city that tends to mean that the democratic winner becomes the ultimate winner, not all the time but the fact that he championed on crime and keeping people safe is a telling reminder to democrats that maybe they should pay attention to that as well. edward lawrence at the white house, following all of these fast moving developments hey, edward. reporter: neil, yeah that meeting at the white house, the meeting with the president and the mayor of chicago took place started on the tarmac they spoke for some period of time very close to two of them on the tarmac there before they both got into the helicopter there they are currently on the way now to crystal lake, illinois. the president going to mchenry county college. he picks this site in part because it has on-site child care. he's going to be pitching the spending he wants to do including increasing that

program and expanding and paying for programs like that kind of child care. now he's going to be pushing $109 billion plan that would make two years of community college free, free was in air quotes because tax money will be used to pay for all of it and the president is saying no one making more than 400,000 a year will see taxes go up but we're all paying more for gas and for groceries. the press sec saying this trip will highlight what the administration believes is working. >> the president's agenda provides a once in a generation investment in the foundations of middle class prosperity, education, healthcare and child care from making education more affordable expanding key provision like the child care tax credit to providing economic security through programs like paid leave to families, the president will continue advancing his entire economic agenda to build back better. reporter: yeah, again, all of that costs money, so inside the american family plan, that he's pitching here, this 109 billion for paying for the two year community

college also, 80 billion in pell grants making the maximum grant $1,400, 39 billion for tuition subsidized for two years for families making less than 125,000 a year, and enrolled in historically black colleges that's $228 billion in spending right there. so neil, it's easy to talk about free stuff and spending, but republicans on capitol hill are trying to do is make sure that bill, when they get that bill, it's not too overwhelming. back to you. neil: all right, got it my friend, edward lawrence on all of that and now to jacqui heinrich monitoring this whole crime fixation right now when you've got the white house fixated and a number of powerful democrats fixated on it you know that it is an importance here, jackie what are you hearing? reporter: well, neil, as edward mentioned the point of today's trip is for president biden to promote the american families plan, elements of it including extending the child tax credit, affordable community college and universal pre-k, but first, he was greeted by chicago mayor

lori lightfoot at the airport. she said just yesterday, she planned to use every tool at her disposal, including her time with the president, to address the surge in violent crime that has racked her city. >> my daily urgency to use every tool that i have and to urge every stakeholder from the president of the united states on down, to local, county , and state and federal officials. we must do better, all of us, for you. reporter: over the 4th of july weekend at least 108 people were shot in chicago, according to the chicago tribune, including two police officers. 17 people died of their injuries , it amounts to the most people shot over that holiday weekend since 2017 when 103 people were shot. white house press secretary jen psaki said yesterday the president will be receptive to whatever issues the mayor may raise, but framed the crime surge as seasonal, and touted police funding initiatives that

preceded this spike in violence including an additional $300 million for the cops program, in the president's budget proposal, more the administration points out than the trump adminitration had , as well as increased funding for the atf to crackdown on illegal guns and white house press secretary jen psaki said the administration is in touch with the mayor of chicago about the overnight shootings and offered condolences to the families, but the administration has faced some criticism for not address ing the crime surge vocal ly enough. neil? neil: thank you very very much for that. well, jonathan hoenig is from chicago, is in chicago so he knows what the worries are there connell mcshane joins us as well in the new york area. jonathan, you know, new york and chicago are linked with this crime thing, so much so that now the guy who could be the next mayor is a former 20 year veteran of the police force

and its gotten to be such a big concern even among traditionally liberal voters that crime and safety was the number one issue for them. i'm sure it's a big issue in chicago as well, so what do you think of what the mayor is saying, what the president wants to do in coordination with her, what? reporter: well neil, i wish there was a quick fix to the unbelievable outburst of crime in new york, and certainly in chicago. i mean, there's always been crime, neil but it's all things metastasized in a blatant obvious way you really haven't seen it before. looting in the middle of the day , you know, homes and businesses being burglarized so you wish there was that quick fix when it comes to fixing these problems certainly in the community like new york or chicago. i wish it was in both these mayors in chicago and the presumptive mayor in new york city. it is economic, it's cultural, i think it's political, i mean, how many, neil, we always say in chicago how many of these young men and women committing these crimes would perhaps better served by oh, i don't know, a job at walmart, when walmart was

trying to open a store here in chicago, 15-20 years ago these are difficult issues and these mayors in both cities have a lot of difficult work ahead of them. neil: and when you talk about it , americans are going to be returning to their offices. i was reading one survey in the new york metropolitan area and connell you would know this far better than i did that the number one concern isn't covid and the fears of traffic, it's safety, it's crime, and i'm wondering if that will affect the number of people who are coming back and how comfortable they will be coming back. what do you think? >> it might, i mean, i think that goes a long way and you mentioned this already at the top of the hour when you're coming back on, neil it goes a long way to speaking about what's happened in the mayor's race in new york and that eric adams you think about who he is and who he's i think more importantly seen as , was kind of perceived among the democrats running in the primary as the more moderate candidate and certainly his background would lead you to believe that he cares about law enforcement, he wants a cop himself so that

victory i think spoke a lot to what's happening not necessarily in the democratic party when we talk about the politicians who were speaking publicly, but among the voters who are making the decisions and voting, and just to further that point just a little bit, neil, i think the president's trip today and the stage managing of that trip speaks to it as well. he met with the mayor of chicago but just on the tarmac at the airport not the most public of meetings. he's focusing more on the suburbs focusing more as jackie and edward talked about earlier on education spending things that are popular whereas these issues which i think he senses are not, you know, defunding the police and the like, are not as popular in the base of the democratic party where the voters in the democratic party maybe with some of the politicians it almost seems like he's avoiding it a little bit, and biden similar to eric adams is that type of democrat and he won, as well. neil: yeah, it's a very good point, you know, jonathan you think about it too, about economic impact, you don't want to necessarily get back to that old time in the face of all of these shootings and tragedies but the fact of the matter is, the stores like target and

others are dialing back their hours in these high crime areas particularly in california, where it happened. that directly affects not only their bottom line but the worker 's bottom line, their job prospects, how many hours they are going to get , so it does have a reverberating impact , what do you make of that >> yeah, absolutely i live in the city, downtown chicago for literally over 20 years, and i really never seen this type of crime and what you're seeing reverberates as you said economically to begin with all across the nation, this great exodus of let's just say wealthy entrepreneurs, wealthy business people, out of the cities, back into the suburbs. it's almost a reversal, neil, of the so-called white slight we saw from major metropolitan areas in the 70s. i don't think it's about race, but simply about crime, so you know, you're seeing money follow the safety, and many, you know, young people and young business people in chicago i know are looking to leave the city, because the crime is quite simply spiraling out of control. so it's a terrible personal crisis for the citizens of the

city and new york but it's an economic crisis as well because you see great cities starting to crumbles slowly but surely under our feet neil: yeah, and when people are afraid to visit those cities, even visit, you've got real problems. gentlemen thank you i'll see you in a little bit. meanwhile want to keep you up-to-date on the president's lawsuit against these big tech behemoth. now he might have very long odds about getting them to change their behavior but that's the goal at least. we are also following very very closely, right now, this move to sort of force vaccines on people if you're not going to take it, a thought here in the united states that maybe someone goes right to your door, and gives you a shot right there. not really, but they are talking about door-to-door vaccinations where people have not been vaccinated and there's france trying to force the issue and make it mandatory for healthcare workers, the healthcare workers aren't too enthusiastic but others in france are saying me next, is that a problem? after this.

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neil: all right, we have a virus situation that is so out of control in some countries that they're not only locking things down, but they are really pressing the case where people who have been vaccinated to be vaccinated, and now australia's lockdown right through the 17th as this delta variant, you've heard so much about, they've got delta variant plus, i don't know what the difference is but it's more of a stiff strain, so they are actually now considering mandatory action for vaccination s in a country that isn't near the vaccination rate we are in this country separately in france, they are exploring the idea of making sure all healthcare workers get vaccinated. you'd think that's a gimme, but apparently some healthcare workers are resisting they want to make that an out right order that you have to, and some in france are fearing that that could get to be, i think, fear ing some of this sort of thing, but the government might force the issue on other workers there as well, so got us thinking, legally can a

government, can anyone, do that and is there a difference with being a company that requires you had your shot and the government requiring you have your shot, and the business law attorney, a good one at that , so seth, help me with this i can understand my company demanding it. i have a problem with my government demanding it. is there a difference? >> there is a big difference, in the united states, and especially in light of the new program that the president outlined yesterday, that's going from a regional to a more localized neighborhood-based level the federal government does not currently have any federal programs or initiatives that require anyone to get the vaccine. in the united states, the only people who can be required or can enforce a requirement are employers for return to work and as a practical matter the only industry in the united states that's supplying that across-the-board are healthcare workers so for example, hospital s. as you've correctly noted, europe is really getting in this even more deeply now,

because while we're doing pretty well here and we're essentially in the ninth inning in the united states on a fight against coronavirus and bringing the economy backup, it's fair to say that europe is probably roughly in the third inning, so they're looking at new measures and requirements that are extremely controversial. neil: i don't know what the case was with the polio vaccines and early 1900s, and what have you, but the fact of the matter was that a lot of people, long before there were vaccine suspicions, you know, got it. especially those who were dealing with it, so it wasn't such a debate now it is, and now a lot of people who have not been vaccinated say i'm fine, there seems to be herd immunity. is that a legal excuse? in other words can you, if anyone is pressing this , if you just said i don't think i'm going to get it or i'm young and bulletproof, i don't think i'll ever have it? >> so in the united states in the private employment sector, it is not an excuse to say that they don't want to take this

novel virus, if the private employer requires it, as a pre- condition for return to the office, as a practical matter most private employers are encouraging but not mandating vaccination except the healthcare industry but you're absolutely right. we're really in a different ballgame right now. there's not permanent fda authorization. it's emergency use authorization here in the united states, there is skiddishness but it's going along much better. in europe its been really somewhat of a debacle. astrazeneca was temporarily put on hold by the eu. there was a concern about blood clotting and then taken off and put back online. many healthcare workers in europe are very upset. italy has been leaning forrd was in the forefront of requiring healthcare worker toss get vaccinated and as you've correctly indicated the uk and france are looking seriously at that requirement, in britain, there is a new requirement that all healthcare workers get vaccinated within the timeframe of four months, in france, there's a new law that

says that if a healthcare center is not 80% vaccinated by september, there's a new requirement that triggers in, so look for a lot of bumpiness and turbulence ahead of this emerging issue. neil: i headwind you seth thank you very much, attorney following this stuff very very closely. in the meantime, charlie gasparino, as you know, is in sun valley, idaho and you never know who charlie will bump into. >> ♪ liberty mutual customizes car insurance so you only pay for what you need. how much money can liberty mutual save you? one! two! three! four! five! 72,807!

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>> my father was an ex-marine. neil: all right that's very very hard to hear, i apologize for that but it's our own charlie gasparino, he dressed as casually as you can get that's his general wear and he bumps into clint eastwood, and he stops to chat with him and that, my friends is power. charlie gasparino, now i hope he's dressed up a little bit more, at sun valley and this big media pow-wow. charlie: i am. neil: well you run into anyone, huh? charlie: yeah, but you know, i could careless about these billionaire babies, if jeff bezos said hello, it be like i wouldn't care, but clint east wood? i mean, it was just a moment. i mean, i just watched for the 100th time the other night the outlaw of josie wales, and every time heartbreak ridge is on, i watch it and i'm

telling you that was a life changing moment. neil: i think he knew you, charlie. i was just curious if he said are you feeling lucky, punk? how did it go down? charlie: [laughter] you know, i just i was nice, and he said something like i said my mother was in love with you and he goes all the ladies were, something like that. [laughter] i said my father loved you because he's a marine and he goes all right, okay, and then we shook hands and he said thank you. it was, by the way, what i was most struck about him is that not an ounce of fat on him. i asked the waitress what he ate , and he ate the trout, he had a baked potato with some sour cream and as my producer who actually took the camera roll of this and said no bacon. he did not eat bacon, but maybe that's the secret to longevity. no bacon, you know? but because he looked really good, neil. let's get to the news of the day

here, because what's fascinating is you got these billionaire babies in there, you know, they are right over there, they are lapping it up, thinking deep thoughts, but in washington, the biden administration is literally looking to take their heads off, and here is what we do know, is that the biden administration is right now, and this could come any day, i'm told, ready to pick the anti-trust chief, the person to run the anti-trust division of the justice department which will have huge implications for them and if they are running around doing a bunch of mergers getting big you just have to look what the biden administration has lined up essentially to be their watchdog in the next year, and we hear there's essentially three main candidates and by the way if these candidates they all could get wacked out in vet ting and then you bring someone from left field in, but the three candidates i hear and they are all anti-caltech it's carl racine, the a.g. of the district attorney, of the

district of colombia, there's the plaintiff attorney jonathan cantor, and a long time lawyer, obama administration chief lawyer named jonathan sala t. we should point out that racine has been a fierce critic of amazon, taking a lawsuit looking to breakup amazon. cantor represented plaintiffs to sue google, so you know, both of them hate amazon and google respectively, and salat is considered a progressive so he's in the same ball of wax, again i can't tell you which one gets chosen, i did hear that they've been vetting cantor andre seen. sometimes you find stuff in those vettings, it seems like they are in the front poll position but you never know what you find in vetting and who comes out of left field and this is what we have right now and it's bad news for those guys because we're talking about breaking up amazon, we're talking about breaking up maybe google, no more media deals for

mr. zazlov, who was on the tape yesterday saying oh, lots of deals coming. oh, yeah right, david. check with your lawyers, there's not, this crew in here does not like big, even more than trump, so that's where we are right now not a good thing, and on top of that, trump is suing them, you know? which by the way, i spoke with jonathan turley today, and suit has about a 0% chance but it could put some focus on these guys that why do they get to be gatekeepers and have a section 230 protection? tell me about it if they want to be newspapers, they should be sued for liable, let's put on their platforms, they don't deserve both benefits that we can decide if donald trump should be on, but no, you can't sue it, if somebody liables somebody on our platform, i mean , it really is a double standard, and i think that's what the trump suit is going to do. suits are on. dubious grounds, but it may bring some attention to big tech 's double standard.

neil back to you. neil: all right, so they're feeling lucky. all right thank you very very much, charlie gasparino, in the middle of that let's go to jonathan hoenig and connell mc shane on this. i was just noticing as charlie was speaking guys, looking at all of these stocks that are in question, they are all raising a head today so jonathan i'm thinking that the markets worried about it, it's not showing it, but -- >> well neil, i have to say i don't think president trump is doing a lot of damage to the social media stocks, unfortunately, i think he is doing a lot of damage to republicans, to the conservative movement, neil. this is a property right issue and just as the baker doesn't say i don't have to bake the wedding cake in my opinion at least social media companies which are private companies might say they don't want to have a particular user on for whatever reason, so i love to live personally in a country where a private company can ban the president and i'm a little worried about the direction that a lot of republicans are going in for more censorship by government and private companies neil: you know, whether it's

what the president is doing or connell, what the biden administration maybe through enforcement chief or justice department or sec, to sort of reign these guys in for very much other reasons, again, you would think that this one-two punch be hitting the stocks but it's not. i'm wondering if it's wall street's way of saying neither of these pushes are going to go anywhere, what do you think? connell: probably percentage wise charlie is right whether it's jonathan turley or other legal observers who have weighed in on this i don't think i've talked to anyone in the last few years who thinks that there's any legal necessarily exposure here, of course former president get a lot of attention from the lawsuits filed today but in terms of that going anywhere i doubt it because the points jonathan just made about being private companies and i think market wise, we've been dealing with this environment over the last i guess few months where we've been trying to figure out how much of an issue is inflation, should we be worried about it, is it going to hurt the stock market and now we seem to be back into this phase and you see it in the bond market as well where we're going more accepting of the idea that

well, maybe it is just a temporary phenomenon and we can still be off to the races in terms of growth because we're not as worried about inflation so i think the focus there is kind of on these bigger macro issues as opposed to zeroing in on some of the anti-trust concerns which probably will come back again at some point but not because of president trump's lawsuit. neil: you know, not that the market guys is a great predictor but it's sort of a sentiment and these days a counter-sentiment where we're talking about what's happening on the technology front or the threats out there or even bitcoin and i want to explore that a little with you because as you guys know, china is really cracking down on these rival cryptocurrencies that they rival because we all know that china wants one of its own and wants to clear the deck, i guess , of some of these others, so whether it's anyone who mines bitcoin, manufactures it, software services related to it, it's coming after them and yet, bitcoin seems to be kind of consolidating in the 30-$35,000 range, i know that it's very

volatile, but i think countering it, at least at this point, jonathan, is its acceptance among establishing players, soth eby's the latest to say if you want to buy this 104 carat ring, go ahead and put it on your crypto account. we see more and more of retailers, banks, others kicking it around. what do you make of it? >> yeah and neil even some countries now south american countries now adopting bitcoin as an effective part of their legal tender so you are right. it is becoming more and more accepted but when i look at bitcoin, i mean, it's many things, neil. it might be a ponzi scheme or an investment but it's certainly not a currency, quite simply because it's not a good store of value so yes, sotheby's might accept crito to sell a diamond, but the minute they get that crypto believe me they turn it back into dollars or swiss francs something a little bit more stable than bitcoin

which $35,000 seems like the floor now, six weeks ago we were talking about $50,000 being the floor, so i see support at bitcoin at zero. i'll leave it at that. neil: you know, there is this tug of war if you think about it, connell, between those who think it has a future and those who think it's regulated away but i think its gotten so much traction in the hands of traditional players , that that might be hard to, you know, undo, and i don't know what that means for bitcoin , but when one of the world's most powerful economic players, china, can't knock it out, that might be telling you something. what do you think? connell: yeah, i was reading too there's some thought maybe the world bank starts accepting bitcoin as payment which brings up how countries are funded and gives it a larger level of sentence and you know, i agree with you neil i think the counter what jonathan is saying to at least some employee tent that if you've made the decision that bitcoin or cryptocurrency in general was here to stay, and as opposed to

being some sort of a scam that's eventually going away, then over time, it only grows more accepted in the public and probably goes up in price, overtime. i mean, not necessarily compar ing it you always talk about the chart you have up in your office of the stock market, let's not get crazy day-to-day overtime it's going to go up. maybe it's not necessarily on that level but over a number of years, you would think that bitcoin only grows more accepted , not less, unless you're in that camp that thinks it's going away there are fewer and fewer people in that camp by the day, i think. neil: do you like it, jonathan, as an investment? i always tell people if you like that sort of thing and you're prepared to risk losing money, you know, it's not the stuff for your children's college education, depending if you like your kids, but it's something that if you no longer want to invest in, turn away from, ignore the gyrations, that's fine. it's up to you. you can afford to lose it, right

>> that's it just look, you can make a bull or bear argument for anything, for certainly any stock, and even something like bitcoin, neil, but where most people go wrong isn't that they buy bad stock but that they do it in the wrong way. as you said they bet the farm, they put all their money into it , or as it continues to go down, they keep doubling down and they keep doubling down. so it's more often how we invest even what we invest in. i'm not a big fan of bitcoin especially since its come down, trends tend to persist but if people wanted to take a shot go for it but just don't bet the farm, just don't double down , just don't make all those mistakes and end up hurting us much more than anyone investment we tend to take. neil: gentlemen thank you both very very much. i think we have congressman with us, am i right? he's back with us, the pennsylvania republican, house small business committee, house foreign affairs committee, congressman very good to have you. >> great to see you, neil, thanks. neil: you know, this crackdown that china is leading on bitcoin

, with mixed results if it was trying to clamp it down and shut it down it's not succeeding, it might, eventually , but what do you make of this should we be concerned about it as we are concerned many in the markets are concerned about its crackdown on chinese companies that make their debut on other exchanges. what do you make of all of this? >> china's a very authoritarian society. they make their rules, what they give they can easily takeaway. we saw that with the ipo that fell over 20%, just by one word from the ccp. we should be very concerned about it. senator bob casey and senator ru bio joined in calling for chinese companies run by the ccp that don't play by the rules should be delisted. these are things that i'm not saying i'm supportive of that, but i think we, look, we can no longer continue to be victims of wishful thinking when it comes

to the ccp. so i think we just need to be as tough as we should be, as the stronger world power to the ccp. neil: and you're talking about the chinese government itself. what's interesting here, congressman, is china must know it risks hurting itself, financially, and economically by punishing its most successful companies that dabble in capitalist markets around the world. that does boomerang on them as it did when they went after alibaba and i think they are at the point of not caring and i don't know whether that's a good or bad thing because when you don't care, you must feel cocky enough to absorb that body blow and send a very different message and i'm wondering if that different message is a military one, that they feel they are at the point right now where that matters, the loss of some money and influence in the markets does no. >> i think that's a great way of putting it. they don't seem to care. it doesn't seem to matter to

them, and they are willing to take a few body blows, as long as the overall agenda is being carried out, such as the belt and road, such as continuing to withhold all kinds of information from us related to the covid epidemic. they are having their way with us and meanwhile, we're busy on trying to pass a transportation bill, not to segway that hard, but and while mucking it up with an intangible bill that is required to pass as per our leadership in the white house, and from nancy pelosi and chuck schumer, you know, we're busy screwing around with intangibles and other such matters that aren't about growing our economy , they are about growing our government, and protecting our nation where china's on a much different track. we got to wake up. neil: congressman very good

talking to you. dan meuser of the beautiful state of pennsylvania and that infrastructure battle he refers to is still going on with some people latching on to other things, republicans urging that via standalone package, but democrats lining up for still more spending that if you're china looking at this saying sometimes we don't really need to do anything, just left the americans argue amongst themselves. we'll have more after this. is almost at the finish line what a ride! i invested in invesco qqq a fund that invests in the innovators of the nasdaq-100 like you become an agent of innovation with invesco qqq like you up here, success depends on the choices you make. but i know i've got this. and when it comes to controlling his type 2 diabetes, my dad's got this, too. with the right choices, you have it in you to control your a1c and once-weekly trulicity may help. most people taking trulicity reached an a1c under 7%.

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neil: all right, the recovery efforts they're still calling it on day 14 in surfside, florida continue, and the news is not good. let's go to charles watson with the latest. charles? reporter: hey, good afternoon, neil. 13 rescue efforts are really accelerating at a quick pace now , miami-dade officials confirming 10 additional bodies were pulled from the collapse site today, the death toll now jumps to 46, with 94 people

still missing, though officials say that number could be lower because only 70 of those folks who are missing have been confirmed have been in champlain towers south when the building collapsed. since the demolition the remaining portion there has been hope rescue crews be able to find pockets within the rubble that be able to sustain life, but so far, that has not been the case. officials say they don't believe anyone survived the initial fall with that being said, miami-dade officials say they remain committed to the search and rescue mission because this is their community, and it is deeply personal. >> our community and the world are grieving with all the families who are living through this unthinkable tragedy and our first responders have truly searched that pile every single day since the collapse, as if they're searching for their own loved ones. reporter: now, surfside mayor says engineers are in champlain

north today assessing the structural stability of that building and you'll remember there have been concerns about the building considering it was built by the same developer and around the same time as champlain towers south and the good news families from all over are stepping up giving millions of dollars in donations to help support families affect ed by this tragedy and officials say families will receive $5,000 today with the expectation that there's more to come in the future, and neil, that money couldn't have come at a more crucial time for families. i spoke to a young man whose staying at my hotel yesterday and he told me that his family lost everything in that building collapse. he said his siblings are having a hard time eating and sleeping after enduring such a dramatic situation and the families are really having to rebuild their lives from scratch. it's a difficult situation really for everyone affected by this tragedy, neil? neil: charles watson thank you very very mooch my friend, again

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neil: all right, we talked about the boom going on in the economy more people looking at homes, more people buying cars in fact paying over the sticker price of cars, boating is a whole other phenomenon in and of itself moving as well and led by people who are buying boats for the very very first time, jeff flock, this is his crowd, the yachtsmen of the world, any way, he joins us in chicago with more. hey, jeff. reporter: more of a dingy guy, myself, no but i'm on the bow of

a 45-foot benett, it's a very fancy sailboat. yeah, people buying, look at the numbers, neil, we've got this year alone, last year was a huge year for boating, and this year, up 30% again in terms of sales, and a lot of that driven by first time boaters, and folks sharing their boats. i've got to be careful i don't fall over the dog-on side here, this is like a time you could airbnb your boat in some ways that is to say you get a fractional ownership in it, ryan eslington, you have a company called sail time and you offer folks the ability to get a boat without the headaches. >> yeah, we sure do so we offer a membership program here in chicago as well as 30 other locations across america, and basically, you sign up to become a member on a certain boat, you schedule your time online, you show up to the boat, it's ready to go, you just use it and leave all of the work to us.

reporter: i they we got to get away but i want to leave you with a shot of the beautiful downtown chicago. the skyline just gorgeous out here, and you know? good day to be boating. it's good coronavirus thing too, socially distanced, out here, beautiful. neil: well you deserve this day, after driving in the traffic during the july 4th weekend. this is more fun. reporter: i'm got at being aim less. neil: please, police, jeff flock on the waters all right stu leonard jr. joins us right now, ceo very very popular, tacoma grocery stores a little bit too trite, but a popular destination because for a lot of people who buy fancy food and fun food it's good for the kids as well. he is seeing this up-tick in prices just like you and i are. he has a novel way of dealing with that. he joins us right now. stu, great to see you. how are you dealing with this up-tick in prices? >> i'm standing in the store right now, some customers came

by and said wow, we saw you on fox, and i said you did? this is nancy and rick right here, and what did you want to say? >> [inaudible] >> okay, [laughter] neil: there you go. >> thanks, guys. they love you and they love fox. neil: you are so good at marketing my friend, so good, but how do you market higher prices? it's a tough environment, right? >> well, look. i did, this is something we're talking with our managers about. which one gives the biggest punch right here? because right now, we are seeing some price increases, but only on a few items, like the center cut steaks, like the new york step, the ribeye, the porter house, all of the restaurants are gobbling them up and new the cruise ships are starting to buy them so there's tight supply, you're just seeing supply and demand thing go on right now. we're feeling prices on meat are coming down. we're starting to hear about it right now from our ranchers and stuff, but the question is, during this , is that i'm

talking to our suppliers and they are saying my fuel is up, it's costing me more for lumber for our pallets, transportation costs have gone up, and they say hey, i can't eat all of this , so what we're doing is saying look, i'll split it with you, i'll split the difference, and then we are not a public company , so i can absorb it, but what we're trying to do is just keep the sales up and keep the prices low, and that's what we did over 4th of july and it worked. neil: so what's the biggest item that's seen price increases? i see a lot of metaverse. what's the biggest item that is tough to get a handle on? >> these guys, these guys right here. [laughter] that's a lobster. this price, they are just starting to catch them up off maine, but the price has gone up tremendously for lobster right now, so you know, what can you do? we're finding people now, we had

a lobster roll which is big around new york and connecticut and out in the hamptons and long island and new jersey, and what we did is we came up with the same recipe but we're doing a shrimp roll now, at the full price, so a lot of people are switching over to a shrimp roll. neil: got it. all right, stu, always great see seeing you, my friend. keep at it and customers are happy so they find alternatives and they just, you know, look at the price, plenty of food available you just have to pay more for it. some say this is my greatest challenge ever. but i've seen centuries of this. with a companion that powers a digital world, traded with a touch. the gold standard, so to speak ;) . .

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sweet. oh no, he wasn't... oh, actually... that looks pretty good. see it. want it. ten-x it. yum! ♪. neil: all right, so many crosscurrents of the market. for me it is the 10-year note that is just incredible because it is down to levels we've not seen since early february. stocks race as rates go down. charles payne. hey, charles. charles: thank you so much, my friend. good afternoon, everyone, i'm charles payne. this is "making money." breaking right now, our major indices keep going in and out of record territory. keep in mind it is a handful of stocks doing all the heavy lifting masking some serious weakness. so how sustainable is this rally and should you be riding these behemoths? can the free money spigots be turned off? japan readies another massive stimulus package. proving once the spending spigots are on they nevern