they will look at this and say not the time for big techs and regulatory increase. >> this is just a word of caution, men in general shouldn't wear flip-flops whether they were made for women or men, just not a good luck. fanny pack fine, flip-flops know. maria: great week, dagan mcdowell and james freeman, thank you. varney and company begins right now, ashley webster in first do, take it away. ashley: no flip-flops here. i am ashley webster in for stuart varney. now this, the secretary of health and human services facing backlash for saying it is the government's business to know which americans haven't gotten the jab coming now he is trying to walk that back.

pfizer says they are working on a booster to defend against the delta variant, studies could begin as soon as next month. we will ask doctor mark siegel what he thinks. stocks it to rebound after yesterday's big selloff, 255 points, the s&p up half of one%, the nasdaq essentially flat. let's look at big tech. president biden will be signing an executive order cracking down on big tech mergers. what does that mean for your portfolio? remember when the media fond of her michael avenatti? cnn boasted he was a serious contender in the 2020 race. i wonder what they think now that the disgrace avenatti has been sentenced to prison for trying to extort nike. joe concha will take that on.

randi weingarten, head of the teachers union, makes 9 times more than the average teacher salary. we are talking over half $1 million. it is friday july 9th. "varney and company" about to begin. ♪♪ ♪♪ celebrate good times come on ♪♪ ashley: let's celebrate good times as the rain comes pouring down in new york city. thank you very much, elsa. let's get to your money and to bring in kenny, stocks rebounding in the free market after yesterday's big selloff.

you say there are a lot of things to be cautious of. what are you saying? >> reporter: good morning. they tried to paint yesterday's retreat on the covid variant. you've got to worry about china, going on in dc with infrastructure and taxes and free education and free health care and the fed with inflation and interest rates and tapering, so many other broader issues to worry about to blame yesterday's selloff on the covid variant is honestly ridiculous to me. i understand it is happening, i don't think you can blame -- the headlines were all about the covid variant. is anybody paying attention to what is really affecting stock prices around the globe?

ashley: i was feeling good, it is friday, the weekend is coming and you give me a laundry list of things to worry about. a lot of cold water. >> not really things to worry about. i'm just saying put it in perspective and understand, i like anyone was aching for the market to back off yesterday. we will be down to a half% as the european markets were. back up and ready to buy some stuff ends a point, suddenly they take it back. they close lower, they close well off their lows and this morning they take it back with the dow up 250 points on the futures market. the mood today is much more euphoric. ashley: 20 seconds, president

biden going after big tech with an executive order. what does that mean for people who hold big tech? >> another headline to worry about. you have to be cautious that the nasdaq is lower this morning while the other indexes are higher. it will create some -- i might agree that big tech needs to be rained in a little bit so there will be some volatility associated with it but i don't think it is any reason right now to start talking everything out the window. you have to watch as the story develops. ashley: okay. it is at least still friday. that can't change. let's look at bitcoin. how are the cryptos doing as regulatory concerns start to build? >> bitcoin has been holding the

36,000 range since june which is stability for crypto. we see performance from other cryptos up and down. senator warren gave gary gensler a july 20 eighth deadline. figure out how to regulate this market or else and the letters a prelude to more concrete action being taken by congress, make sure investors are not vulnerable, to dangers in this highly opaque and volatile market. we will see what congress does. ashley: thank you very much. let's bring in kenny. are there any cryptos that are safer than others? >> that story is right. there needs to be regulation around it. doesn't mean i am anti-crypto, bitcoin and the theory him are the ones i like. if i am focusing on what i

think is long-term, remember, it is not occur in see the way bitcoin is, i'm putting most of my bed in the roads and highways. ashley: have another cup of coffee, we appreciate all your concerns out there. let's look at big tech, president biden will be signing an executive order cracking down on big tech business practices. you've been digging into this. >> directing federal agencies, where big tech cycles competition, mergers, the administration boxed out the competition from it and collect too much personal data and use that data to see how smaller

competitors market the product and copy it and give it dominance on their platform. the executive order tends to rein in the power of tech with aggressive enforcement. but a huge but right now. biden doesn't need the people he needs to police this. there is no one in charge of the antitrust division at the doj, no permanent chair of the fcc. what that does is put a lot of pressure on lena con also. so much bipartisan support around raining and big tech. ashley: that is a very good point. we will get more into that. let's bring in lawrence jones. good morning to you. i love the hat. no one could mess with that hat because no one messes with texas. cpac kicks off in dallas. that is why you are there.

what can we expect? >> i am back home with my folks. so much love, love of the country, love of fox news. i will be speaking saturday about crime in america. a lot of conservative speakers will be there. this is where stars are born and maybe in the shadows because you have a movement that wants results and threaten politicians but that is not why i am only here. i'm here to talk business as well. we have rex and rick. all of this establishment here. i to ask you how hard is it to get people to work? >> all the years we had, i never had such a tough time going through the hiring process in all the years combined. we have been hiring months and months offering incentives

doing anything we can do to try to get staff and we are still having issues. >> reporter: what is the hurry? >> they are not there. we work with hiring agencies and talking with them they are historically known to have 2 or 3 pages of applicants and are not getting any traction. they are not there. the hurdle is i don't know where they are. they are not coming back to the workforce because of the stimulus, the extra money they have been getting, really promote a lot of laziness. >> reporter: a lot of consequences. in the medical industry hiring people to make those products. >> our business is different because we have specialized employees with surgery backgrounds. our biggest problem last year was 3 months of procedures completely shut down. we don't generate a lot of trauma business. we are in the elective business.

finding employees in our field is a difficult process. >> reporter: we've been hearing that from other business owners. rex and rick, people of the great state of texas, i will be here all week talking with folks on the ground. we are going to have a time. you've got to visit us one day. >> reporter: i would love to do that. ashley: you are speaking tomorrow afternoon. we will be watching your >> we should mention cpac is streaming live on fox nation today through sunday including speeches by donald trump and many others, go to foxnation.com to sign up. thank you for joining us. i would give anything, i would give good money to see stuart varney in that cowboy hat. he would never do it. if i put some money in front of him it could happen. >> you know the way to that

man's heart. ashley: i think we all do. good luck tomorrow. the media finding over their hero. who could forget the media finding over their hero, michael avenatti, roll the tape. >> you are doing a hell of a job. don't think you're in this for money. >> you are like the holy spirit. you are all places all times. he is out there saving the country. >> is a rockstar. >> michael avenatti. >> michael avenatti. ashley: the holy spirit. how embarrassing is it for those folks? wonder how they feel now that he will be behind bars for his attempted to extort nike. i know joe can'ta won't holdback about how he feels. talk about major ethics concerns. in the report claims the white house helped hunter biden craft

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ashley: a beautiful picture, light haze and fog on the bay, beautiful shot as we listen to queen. pfizer seeking authorization for a booster jab the caboose protection against the delta

variant. pfizer stock up half of one%. look at microsoft, planning to give employees a $1,500 bonus for their efforts during the pandemic. microsoft down half of one% in early going. despite the 9.2 million open jobs, the number of workers out of work for a year surged in june. what is the number? >> 2.9 million people. 29% of the unemployed have been unemployed for at least a year. these are likely people who lost their jobs early in the pandemic, leisure and hospitality type workers. they have been waiting to get a new job. it blows my mind because there is one job open for every unemployed person. people want more. they want better benefits, higher wages, they might of gotten lazy and just waiting it out. don't wait too long because

those long-term unemployment benefits especially come september you might want to get back in there. imagine that a third of the workforce unemployed for at least a year. ashley: the clock is ticking. change.org petition calling for a fourth stimulus payment hit 2.5 million signatures and the petition wants congress to keep sending checks until the crisis is over. why not? let's bring in mc maldini. mc mulvaney. are we baby having a handout nation? >> reporter: will be a small percentage of this country that wants freehand outs from the government forever, 2.5 million signatures on a petition is a lot of people but let's not lose sight of the fact that it is less than one% of the population. still a country that wants to

work, folks on the margins you start to worry about and politicians that will pander to them. i'm not nearly as concerned about that petition then i am about politicians who want to do that sort of thing, and what the biden is trying to offer to the american families plan they are giving, to permanent government benefits. ashley: 9..2 million jobs across the united states, people struggling to fill those open jobs. we hear about it every day and the chamber of commerce is warning the worker shortage is the biggest threat to the us economy. interestingly if you look at the details, a lot of people don't like the area where the jobs are so they won't go and that is an interesting dynamic. >> a bunch of interesting dynamics. getting people to go back to work, back to the us chamber

one of the lead cheerleaders, the benefits giving these people incentives to stay home so it makes you scratch your head what is going on at the chamber. 9 million jobs open and do have roughly 9 million people looking for work, a couple things could explain that and government intervention, government benefits is part of that competing with those jobs but it could be the geographic or skill disconnect, people don't want to live where the jobs are or commute anymore. if you could stay home and get paid 75% to do nothing and commute an hour every single day, this is an interesting trade-off. and and the extra money, when

it goes away, will that encourage people to go back to work and see how that shapes up. >> we will wait and find out. the president still pushing for more taxes, more taxes, more taxes as we tried to recover. that has got to be certainly conservative economists. what are you thinking, why would that help our recovery? >> it's not designed to. i talk about this many times, the biden economic policies are not about economics, they are not raising taxes to raise money to pay for things. debt doesn't matter, monetary theory says that doesn't matter, they can spend as much money as they want to, they use it as an excuse to raise taxes for the two are not connected in an economic sense. they are social policies designed to get a pound of

flesh out of the rich, to make them look good to their base but you have to stop asking economics questions about the policies. elections have consequences and we elected a bunch of people who don't care about economics as much as they do about politics. that is describing washington right now. ashley: and when votes on taxing the rich. thank you for joining us. happy friday, appreciate it. let's look at futures, the big selloff, looking to rebound, the dow up 200 260 points, the s&p up a third of one%, the nasdaq slightly lower as we head to the open in 7 minutes. look at big tech. what should investors do if covid concerns grow? mark mahaney has that next.

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ashley: let's take a look at big tech. right across the board, let's bring in mark mahaney, big tech

feeling the pressure. what does government scrutiny mean for the stocks in so many portfolios? >> the president -- explaining why he is suing big tech, the same day president biden issued an executive order having all agencies focus on raining and big tech. this is as bipartisan an issue as you can find so it is affecting valuation of the stocks, giving them a 10% haircut. the most immediate outcome of all this is large-scale acquisitions are off the table, >> you like amazon. what is your price target on amazon.

>> a breakout move. we are waiting for the unlock on amazon stock, thought we would get the last quarter results, the stock is clearly broken out. 4500 is the 12 month price target. this is one of the biggest winners for good or bad from the pandemic crisis. probably one of the single best run companies in this country and very diverse, you see an increasing amount of very large pre-cash flow coming out of this company, the number one pick. >> what about uber? >> as covid cases come back, we are going back and commuting again and doing more social outings friday and saturday. as that happens that a benefit.

more additional restrictions brought in. long-term this is a great place. ashley: we have to leave it there but thank you very much. nice price target. they are clapping and smiling. the rain coming down as you can see but it is friday, the markets looking to rebound after thursday's selloff. the global economic recovery, off to the races. this is a shortened week because of the fourth of july observance but we are already back up close to 200 point gain on the dow. lots of green there on the downside. i see apple and microsoft, plenty of green, goldman sachs, doubt, caterpillar, these are the recovery stocks, everything got hit on the economic slowdown is now back up today.

depends on which direction the wind is blowing, the dow is up 200 points. the s&p up half of one% of 20% out of the gate. let's look at nasdaq, the tech heavy nasdaq, tech stocks are moving lower but overall the nasdaq slightly higher. look at the banks if we can, they are bouncing back, bank of america up 2% at $39.66 back to the $40 level. it is truly above one% or more. look at general motors, they predicted the stock, jumping 50%. gm up, 5851.

it is a tech company these days. and futures got hit badly with concerns about the economic recovery. >> short pull back. these stocks up today, they had a tough month down 10% and early july. web bushes and glowing about them because price target, they gave norwegian a 35 price target, carnival gets 27. up from where it is. royal caribbean gets 110. ashley: that is impressive. don't want a cruise but just fly to the destination. >> airlines are bouncing back,

yesterday afternoon american had a green arrow. struggling yesterday because of the variants. we are not concerned about the variants today so the reopening is strong, you see the domestic players, spirit and southwest up one.5% and the guys that go overseas, nice day for travel stocks. ashley: let's look at tesla. they are close to producing the first patent in two years. explain. >> a technical term that signals the selloff, it happens when the short term moving average moves below the long-term. it hasn't happened since 2019. when it did happen we had to the stocks fall 50% in the following 3 months. you don't want that to happen again. will it? it could. the 50 day moving average is

close moving under the 200 day. tesla will have to rally $728.95 to prevent that from happening. like i said. it could happen today. ashley: it is very ominous sounding. now this. door they-, gold level tradition savings program, they can getting exclusive rate to access prescription savings up to 90% on 1000 drugs and gives discounts for online doctors visits and free delivery. good are asked down. let's look at the dow winners if we can in the early going. the dow up 200 points, stocks got hit yesterday, jpmorgan, goldman sachs up one person, travelers, caterpillar and dow over one%. let's look at the s&p 500 winners if we can.

gm, gap, norfolk southern and other financial stocks up for and a half%. nice gains today in a number of sectors. the nasdaq winners, 0. csx up 2%, ross stores up one.5% and other stocks. leading the way, nicely up one% or more. check levi strauss and company, big earnings beat. looks like that in is back. >> bigger and baggy are, gene styles haven't changed, 35% of customers change their waist sizes during covid. some went up and some went down but they changed and raised their full year forecast and said third quarter sales would top pre-pandemic levels.

ashley: you are old-fashioned. the old 501s but big and baggy doesn't work on me. >> it is more comfortable. big and baggy -- ashley: i wish. elastic waistband. great idea. let's check the big board and we can show you the dow up 200 points as you can see. lots of green, six stocks on the dow slightly lower coming intel unchanged. let's check the 10 year. big story yesterday, dropping below one.3% but now back up. the trials and tribulations of the 10 year treasury up 4 and a half basis points. gold continues to move higher modestly up $3 or thereabouts, 1804 cents on gold.

what about bitcoin up 420 bucks, 33,380 for the gain. take a look at oil, crude up one%, 7393, $74 a barrel, the average price per gallon of gas will cost $3.14 but if you live in tax tax tax california get ready to pay $4.31. the white house not happy after hhs secretary xavier becerra said the government's right to know if you are vaccinated. listen. >> trillions of dollars to americans alive during this pandemic. it is the government's business. >> he is trying to backtrack, didn't really mean that. the black lives matter chapter about the american flag, we see

this flag, we know the person flying it when the not safe to be around. we know the person flying it is a racist. larry elder will take that on. do you need a child in school, you need to look at what they are reading, this book is called not my idea and in it the author claims witnesses a contract with the devil. we will have more varney after this. our retirement plan with voya, keeps us moving forward. hey, kevin! hey, guys! they have customized solutions to help our family's special needs...

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75 degrees, towards new england, nice to be there. look at the markets if we can, the dow rebounding after the big selloff although the selloff tapered a bit, the dow up 300 points. the s&p up half of one% and the nasdaq turned modestly positive. next case as we see a travel boom, us hotels passing covid levels. >> reporter: it is done without the corporate travel. there is a measure called revenue up her room combining occupancy. compared to 2019 so we did it and the reason was july 4th a lot of people went away.

to get back to pre-pandemic levels you need the corporate traveler in airlines and hotels again. ashley: thank you, americans traveling again, over 10 million people has to tsa checkpoint over the holiday weekend. let's bring in jeff hoffman. do we keep traveling more or are we hitting a peak? >> it was a plateau because of the holiday weekend but we are traveling more. last friday, 2.2 million of those 10 million holiday travelers coming through in one day was the highest total since the pandemic started but it is rough out there. the airlines did not forecast this demand and let go tens of thousands of employees. there is lots of flight delays

and cancellations harming travel. american airlines said they are 1000 pilots short of what they need to fly their flight and training pilots takes time and staffing. i flew last week, one person at the gate working the entire flight. tsa also said they need 6000 more people shortstaffed in 131 airports. there's long lines, delays, cancellations because we are traveling faster than expected in airlines can't keep up with it yet. ashley: just talking with lauren about business travel is a huge -- are we seeing any sense of a rebound or have zoom calls and conference calls the preferred method at this point?

>> it is definitely the latter. there was a report by adobe analytics that said only 11% of all the business travelers they talk to plan to travel in the next six months. it will be slow and i talked to literally hundreds of ceos over the last couple months and all of them say what you said, some percentage of business travel will never come back because they never used electronic -- and work at home before and now that they have tried zoom in these tools they find internal type meetings can be done online so we will never see the same numbers. i noticed global business travelers association pushed its business travel recovery forecast from 202422025 so it is moving slow and sluggish and the industry as you said earlier absolutely needs business travel. ashley: i want to mention the

delta variant coming back into the headlines. how much of a damper cadet put on travel? >> what i am hearing in business and leisure, the place that will hurt travel is uncertainty. people are saying even if they are not afraid of getting the delta variant they are afraid they might get shutdown quarantines where they go and not able to get home. even rumors of those things impact travel because people say what if something shuts down and i suddenly need a new test and they force me to quarantine, that will negatively impact travel as well. it is already starting to. ashley: i want to come back to the point of no pilots, no planes, people at the gate. is this kind of thing that will put people often travel? you are starting to hear some horror stories. >> there have been a lot of horror stories, everyone has been on social media. next time i will drive or

postpone the vacation until staffing catches up. it will deter travel. it was an optimistic fourth of july, people traveled, we will have a decent summer but can't take the fourth of july holiday weekend, friday to monday which was perfect for travel they use it to forecast the rest of the summer. all these things we just talked about will impact summer travel and it is going to be better than it has been since the pandemic but not as great as we hoped. ashley: we have to leave it. thank you for joining us. travel is back but airlines and others caught with their pants down, don't have the staff to handle it. saying on traveling canadian prime minister justin trudeau says he's not welcoming unvaccinated tourists into the country. for how long? >> reporter: quite a wild. if you are not fully vaccinated

you cannot enter canada. the border has been closed since march of 2020. bruce trudeau has, the pressure to reopen it for nonessential travel. many thought he was leaning in that direction when he dropped the two we quarantine requirement for vaccinated canadian traveling back home but it is shut tight front vaccinated foreigners. they don't want to open it and then have to close the border so they are trying to vaccinate more canadians and watch the variance and see what happens. they are struggling. it has been closed for 16 months and we don't know when it is back. ashley: thank you very much. now this. live in new york city and want to avoid flooded subways like this? all we have to do is pass the green new deal. that is what alexandria ocasio cortez says. don't wait for that coming up. elon musk heading to fort

lauderdale. you will soon be able to travel underground from the beach to downtown and 8 is live. the mayor of fort lauderdale will join me next, good stuff. ♪♪ (vo) singing, or speaking. reason, or fun. daring, or thoughtful. sensitive, or strong. progress isn't either or progress is everything.

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ashley: now this was fort lauderdale just accepted a proposal from elon musk's boring companies to build underground transit system taking people from downtown to the beaches in teslas. let's ask the mayor of fort lauderdale. this is a big deal. the city would be the second in the world to have this technology. >> it is a big deal and thank you for inviting me on your program. this is technology very few cities have investigated. fort lauderdale took the time this past year to go to las vegas to la to look at the test tunnels and the ones that are already in place, to see

exactly how the concept works. we feel we can transport that concept of fort lauderdale. we have a lot of people who find fort lauderdale beaches to be popular and exciting but our roadways were not built to accommodate the traffic they are suffering under. we feel that a transit system in which we go underground with lights and music would be an experience to take people down town where you can park freely where there is plenty of parking spaces over to the beach and in 3 or 4 minutes you have avoided traffic and all the pollution. it is really cool. >> florida is built on the stand. how safe is a? >> florida is also built online stone and water.

the boring company folks knew what they were doing when they encounter water las vegas. there to live under that. those elements can be dealt with and we will be successful here. i know we are. ashley: we look forward to following the project with you. thank you so much for joining us this morning. fascinating stuff. still ahead, mercedes schlapp, arizona congressman andy biggest, kennedy and tomi lahren, next hour of varney is next.

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treasury yield if we can, saw a big dip in that yield yesterday. now it's rebounding, nearly 1.35% on the 10-year. take a look at big tech, certainly the sector in focus. president biden set to sign an executive order aimed at cracking down on big tech's business practices, a mixed bag as you can see. apple, facebook higher, but amazon, a alphabet, microsoft lower. let's take a look at bitcoin if we can. it's been moving higher, hovering around that close to 33,395 good for a gain of $405 on bitcoin. now this, cpac kicks off today with guests like former president donald trump and other conservatives taking the stage in dallas. let's bring in mercedes schlapp. mercedes, good morning to you. you're with the american conservative union which runs this event. so let's get a preview, if we can, of what we can expect.

>> well, i gotta tell you, it is bringing the top conservative speakers, and it's not just politicians. we have really the parents that are coming that are involved in the critical race theory fight, it's also these grassroots leaders as well. it's an opportunity for conservatives and just like-minded americans to come together and really talk about these issues that matter and get trained up on what we need to do to stopped radical left. because what we are seeing so far, ashley, is that the more the left talks about how they really want to transform america, push these radical ideas, the more you're seeing americans coming out and saying i'm not going to put up with it. and so our goal so to bring the like-minded individuals, get them prepared for battle, make them the freedom warriors to go back to their communities and make a difference. ashley: as we look towards the

midterms, mercedes, i know they're next year, but what is the main platform issue? is that it, the cancel culture, the huge move to the far left; not just the left, the far left? is that the focus? >> that is, as we know, the theme of c spank this year is america -- c pa pack this year is -- cpac is america uncanceled. we're aimed to stop this wokism that is occurring not only in private companies, but also in our public schools. and it's basically insuring that we're able to really reveal this radical agenda not only of critical race theory, but the chaos at the border, these really bad economic policies that the democrats are pushing forward which we know is going to lead to inflation, it's going to lead to increase and has led to increased gas prices, electricity prices. look, we're about common sense, american solutions. we are about america first.

we are not going to allow the chinese and the russians to continue to gain control. the people on the outside are looking at us saying you guys got the weakest prime minister, and they know they can -- president, and they know they can take advantage of us. our goal is to win back the house and senate in 2022 and stop the far left from continuing to say that america is a racist country and continue to say that america is not worth it. we're going to keep fighting for this great country and the founding principles that we believe in. ashley: and, mercedes,s very quickly, has your group joined president trump's lawsuit against big tech this week? you obviously believe that is the right thing to do. >> oh, absolutely. we know that censorship has been a huge problem, and we've seen big tech oligarchs make these decisions of suppressing the voices of many conservatives including president trump while at the same time allowing communists and the chinese and

the iranian leaders to have their voices heard on their platform. we believe we have a very strong case. we have the top lawyers involved. we hope to take this even if it has to get to the supreme court, and it is a major class action lawsuit where americans can join this lawsuit and insure or that their voices are heard and that we show the bias by the big media -- by the big tech. ashley: all right. very good. mercedes, we'll leave it there. good luck with the event. thank you for joining us,. >> thank you. ashley: and, by the way, cpac -- thank you -- cpac is streaming live on fox nation today through sunday including speeches by president trump and many others. just go to foxnation.com to sign up now. all right, let's get a check, if we can, of the markets. the dow, by the way, on pace for a record close. let's bring in our good friend jonathan hoenig. jonathan, you say stocks are like relationships. when they stop being of value to

you, kick 'em to the curb. a little harsh, but anyway, is now the time to do that? >> well, certainly in some technologies and some stocks. you know, it sounds a little, maybe a little harsh, ashley, but i channeled that line from wall street. you simply can't get motional about stocks. wiz -- get emotional about stocks. whether it's nanotech stocks back in 2005 or the original internet stocks in 1999, that's what i see. and, for example, like bitcoin is a technology, but radio stocks peaked in 1920 despite the fact that radio persevered for decades and decades to come. so much of the high fliers these days like tesla, like bitcoin, great ideas but overvalued concepts that people have fallen in love with. ashley: yeah. well, it's interesting because i read you said too many investors are enthralled with the so-called flashy concept.

would you include bitcoin in that flashy concept? >> yeah, absolutely. bitcoin might have a vibrant future, but i remember, for example, in the late '90s we were trading bandwidth. internet usage exploded, but the price of that bandwidth plummeted, and i think that's exactly what you're seeing in bitcoin. look, just a few weeks ago we were talking about $50,000 as a floor. as i always say, price is primary, and as long as this asset keeps getting weaker and weaker, my advice would be not to double down the lower it goes. ashley: you know, we had an analyst on this morning, jonathan, who said they liked the selloff yesterday. they say this is a market that needed a correction. and then they said they were dismayed that it came back a little bit in the afternoon yesterday and now it's bouncing back today. they say this market needs more of a correction. would you agree? >> well, i think the correction has really just started, a

one-day selloff, ashley, is simply not a correction. at a minimum, we're talking about a 10% decline in the major averages, a 20% decline is a bear market. 57% of stocks are now below their 50-day moving average, perhaps the trend is starting to change. so keep an eye on those big tech stocks we talk about all the time, the facebook z, the microsofts, the teslas which i'm sure they're going to tell the story for the next couple of days. ashley: we've been talking also a lot, jonathan, about big tech. president biden looking to sign an executive order to clamp down on the business practices of these huge companies. as an investor, you know, a lot of people have these stocks in their portfolio. should i take action or should i just ride it out? >> i think you should be outraged as an investor but, frankly, ashley, as an american. elected officials on both sides of the aisle going after exactly the companies, the american companies that have benefited us

all so much. do you want to live a life without amazon, social media, all these tremendous american companies? i think long term it's a very big negative for the stocks,es albeit a lot of these are at all-time highs today and yesterday. just look at microsoft. once the antitrust lawsuit was filed in the 2000s, this stock was dead money for a decade. a. ashley: it was, indeed. jonathan, thanks for joining us. have a great weekend, jonathan, appreciate it. >> be well. ashley: all right. now let's bring in lauren simonetti, if we can. you've got some movers starting with stamps. do you remember those things called stamps? stamps.com. >> i still carry them in my wallet. i have two booklets. if anyone ever needs, come to me. [laughter] a real big winner, up 64%. a big private deal for $6 billion, so nice for stamps.com investors today. let's take a look at dm, webbush giving it at outperform rating. the stock is up more than 50%

thanks to the ev push,gm is up 4%. and didi did hit new lows yesterday on the crackdown from beijing, but shares are bumping back up today. they found the 12 handle. the ipo price was 14, so up about 8% right now. ashley: very good. we've been talking about this one, lauren. president biden, as we said, going to sign an executive order aimed at big tech, but do you have any details? >> so the goal is to rein them in, and he's asking federal agencies to scrutinize the way they merge with other companies, essentially buying the competition and then boxing out that competition. they just get bigger. no one really has looked at that. and more scrutiny on the collection and the use of data. so if you look at the way the laws have been in place regulating the internet, they haven't changed over the past decade which allows these big players to, you know, microsoft has a $2 trillion cap. so they have this valuation and have these war chests and

dominance, but no one's doing anything about that. by the way, with these executive orders and it was the whole kitchen sink, it was 72 orders addressing big tech and many other things, but nothing on censorship, right? for the big tech companies, how they don't let conservatives speak their mind. we didn't hear anything in this kitchen sink from president biden. ashley: no big surprise. everything else but. all right, lauren, thank you for that. appreciate it. china's ministry of commerce says they will scrutinize foreign investment more closely. what kind of investment, lauren? >> everything, ash. they're scrutinizing these heavily in the name of national security but, look, is this the best time -- i don't think they care, but is it the best time for beijing the kind of root out foreign money? because their growth is losing steam. the pboc cutting basis requirements 50 points to free up money because their covid

recovery has a stalled. ashley: yeah. timing is everything. but as you say, it doesn't matter they're the chinese government, they do whatever they want. lauren, thank you very much. coming up, one msnbc anchor calling out parents opposed to critical race theory. roll the tape. >> radicalized parent activists across the country are targeting school boards with help from conservative groups. so the goal now is to terrify those white voters. ashley: okay. so let me get this straight, concerned parents are, quote, radicalized. [laughter] joe concha will be here to take that on straight ahead. plus, congresswoman alexandria ocasio-cortez exploiting the flooding in new york city to push her own green agenda. we'll tell you exactly what she is saying. i'm sure you can't wait for that. but first, house republicans signing a letter urging to olympics to keep politics on the sidelines in tokyo. congressman andy biggs signed on

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remain at the border through next year, largely providing logistical support to the border patrol. republican governors from several states are preparing to send additional national guard units and law enforcement personnel to the border. chad wolf, the former head of the department of homeland security under president trump, says the influx of migrants is not just a humanitarian crisis, but raises concerns about crime. >> well, i think what this is telling you, brian, is that the crisis that we have on the border is not just about illegal migrants coming across. it's also about illegal narcotics, illegal contraband that they are funneling across that border. so every day that the crisis goes on, every day that we're facing these historic numbers along that border, we've got to think about the criminal element and the criminal activity that goes along with that. >> reporter: and texas governor greg abbott says illegal border crossings have increased more than 800% over last year. he worries about drug cartels and other illegal activities exploiting these weaknesses at

our southern border. stu, back to you. ash all right, jonathan, thank you very much. good time to bring in congressman andy biggs. good morning to you, congressman. homeland security secretary mayorkas just came back from guatemala. your calling him -- you're calling him out for limiting i.c.e. do you think the secretary is just trying to dismantle immigration enforcement? it feels like it. >> yeah, ashley, it sure does. i mean, one of the big things that you have is that you do have criminal illegal aliens, and the i.c.e. function is to enforce immigration laws. and when you do what mayorkas has done, what's going to happen is he says you can't even be by courthouses. that's the number one place that you're going to see local law enforcement recognize an i.c.e. hold for somebody who's a criminal illegal alien that is supposed to be removed from the country or taken into custody

for due process. but if we can't get there, which is one of his directives, you're going to add to the problem of criminal illegal aliens being released into the interior of the united states. it's a further dismantling, as you put it, of the immigration laws. it's actually a tremendous disrespect to this nation and his charge which is national security. ashley: yeah, i -- frankly, i find it disgusting. and this also threatens the very safety of the people in the united states when these criminals -- and we have no idea, you know, where they are, what they're doing, what they're capable of doing, and yet the secretary fails to acknowledge it. >> that's exactly right. and you're also seeing movement, so you're getting some national guard down at the border. they will be looking at the logistics, for sure. but also, ashley, what's happening is we've had some stations shut down in arizona. you're going to see movement of cameras because it's too

embarrassing to this administration to see literally dozens, hundreds of people coming in and getting away because we just don't have the personnel to interdict them. and then they're going to say that the numbers have gone down. that's what this administration is doing. it's all about show, not about substance. and so we will continue to have record numbers of people coming across this border illegally, in my opinion. ashley: yeah. and the administration continues to ignore it. i want to get to this issue, congressman, what a do you think of congresswoman rashida tlaib calling to defund immigration agencies? she also called i.c.e. terrorists. >> what can you say? i mean, that's so nonsensical. part of what gives us our freedom is the rule of law are. if the rule of law means that everybody's treated the same way before the law are, but if you get rid of the enforcers of the law, then it will be the victims and the weak who will be victimized, and that's what's going to happen here.

so they want race wars. it's obvious that a this administration is erasing our southern border, but rashida tlaib is just voicing something i think many on the left desire. they would rather get rid of the west fall january state and move to some kind of regional governor pharynx i suppose. i don't know what to make of it. but it is absolutely dangerous and absurd for those kind of comments. and if mayorkas, secretary mayorkas continuing to do what he does. ashley: i mean, words fail you really. i want to get to this issue if we can before we have to say good-bye, congressman. you're one of a group of house republicans who signed a letter expressing concerns to the olympic committee over american athletes who protest against the united states. what are your main concerns, what do you want? >> well, the olympics are supposed to be a showcase for athleticism but also for sportsmanship. look, if you want to represent

the united states of america, represent us. and then when you come home if you have a civil justice claim that you want to make, you'll have a platform here in the united states. don't do it on the world stage, for pete sakes. that is really not the purpose of the games. the purpose of the games is to showcase sportsmanship, friendliness between nations and foster, if possible, goodwill between nations, not denigrate your own nation. ashley: yeah. very hard though to stop these athletes, right? >> yeah, it is, it's tough. i mean, there are rules there, but they're going to flaunt the rules, there's no doubt about it. ashley: right. all right, we'll have to leave it there. congressman andy biggs, great stuff as always. thanks for joining us on this friday. appreciate it very much. >> thank you, ashley. ashley: thank you. let's take a look at the markets. complete 180 from yesterday with. look at the dow now, up 400 points. it was down 500 at the opening yesterday, pared those losses, now up 405 points today.

the s&p and nasdaq also up, 53 points, good for a third of a percent gain. the dow on pace for a record close. let's look at some of the winners in the index. dow itself up 3%, american express, jpmorgan, caterpillar. these are the recovery stocks that got hit yesterday and now gaining back those losses. all right, come in, lauren. >> yep. ashley: you're watching oil which has been a big story recently. >> and one of the reasons that, you know, the market has come back. oil's at 74.50 right now, so a 2 % gain. the producers, continental, apa also have green arrows, up nearly 3%. so do the oil services firms, halliburton, baker hughes. they're all up, ashley. this comeback rally, if you will, it means the dip yesterday just lasted yesterday. are we going to see another one, that's the other question. let me show you discover financial. this is the number one perform per on the broader market right

now. citi upgraded discover to a buy, gave it a $150 price target. so the citi analysts like discover over, let's say, american express because there's less travel and entertainment spending. so this stock up 6%, leading the market, ash. ashley: yep. the roller coaster goes on. lauren, thank you very much. now this, experts raising red flags over hunter biden's upcoming art show where paintings are expected to go for as much as half a million dollars. we're on that story straight ahead. plus, the mainstream media, let's face it, they couldn't get enough of him. roll the tape. >> you're like the holy spirit -- [laughter] you are all places at all times. >> he's out there saving the country. >> he's a rock star, i think. interesting to see his next chapter. >> absolutely. ashley: good god. the fawning makes you nauseous, does it not? now he's heading to prison, the holy spirit. joe concha on michael avenatti's epic fall, after this.

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parents who oppose teaching critical race theory saying it's like supporting qanon. roll tape. >> radicalized parent activists across the country are targeting school boards with behind the scenes help from conservative groups. so the goal now is to terrify those white voters and scare the hell out of them. that black americans are conspiring to pollute their precious children's minds, mass hysteria over race-conscious education is being exploited by another insidious force, followers of qanon. ashley: whatever you want to call it. let's bring in joe concha. i mean -- [laughter] you know, where do we begin? just have at it, joe. good morning to you. >> oh, sure. thanks. this is the same joy reid, the prime time host that you just played who literally said just a couple days ago that there is no crime wave going on throughout the country. she spoke to her friends in other rich neighborhoods, and they seem to think it's really

not a big deal, and it's just a bunch of hysteria until you look at actual crime stats. look at the polls, ashley, in terms of critical race theory. it's not exactly being warmly embraced by parents. for instance, 61% of registered voters said children should not be taught america is, quote, structurally racist, unquote. ugov along with economists found up to 6 in 10 americans have an unfavorable view of critical race theory. so ifs this is what the joy reids of the world and other members of the media want to start to push as if they're in touch with what americans are actually thinking, they are way off the mark, ashley. a. ashley: well, and also, if you are a parent and you oppose it, you apparently have been radicalized. i mean, there's no, no acknowledgment that average parents with kids in schools do not want this particular crt being taught to their children. but to say that means they're either radicalized or they're

just not understanding, they're not intelligent enough to understand what's being taught. >> right, ashley. i'm a parent. i have a 7 and a 5-year-old, and i say this full of throated that i don't want my kids being taught this because it teaches them to see things through a racial prism. it will only divide things further. we're 25th in the world in reading, science and math. china's number 1, ireland's 1, australia's 21 -- ireland's 11. i want my kids prepared for adulthood to be taught, not all this concentration on critical race theory by the teachers unions who said we don't know what you're talking about. they're now literally creating millions of dollars in a defense fund to make sure that if this goes to court and becomes a legal battle, that they will shove this down our throats and will use millions of dollars, if necessary. talk about, again, being out of touch. a. ashley: oh, my goodness. michael avenatti, this is a great story, sentenced to two and a half years in prison for

attempting to extort millions from nike. remember when the media a praised him as a hero? listen to this. >> to me, you're like the holy spirit. you are -- [laughter] all a places at all times. he's out there saving the country. >> you know what? he's a rock star, i think. interesting to see his next chapter. >> absolutely. >> michael avenatti for president in 2020? >> he's donald trump's worst nightmare -- [cheers and applause] >> looking ahead to 2020, one of the reasons why i'm taking to you seriously as a contender is because of your presence on cable news. >> michael avenatti is a beast. >> okay, that's true. he's a beast. >> he's a beast, and he keeps popping donald trump and all of his folks in the mouth repeatedly. he's a beast. ashley: he's a beast. [laughter] you know, that kind of fawning, joe, is vomit-worthy. i'm sorry, but it really is. not only is avenatti going to prison, but he's facing three more separate trials. when will the media admit they're wrong?

i can answer that myself, never. >> yeah. it's rhetorical friday, let's do it. [laughter] full-throated, i say, ashley, michael avenatti for president -- of his cell block, that is. i received more nasty grams from this guy because i reported on him fairly, and he would find me on dm and found my e-mail and just time and time and time again, he's a horrible human being, and everybody knew if it at the time. look, counted as a serious 2020 contender for president of the united states by cnn? here, here's how overexposed he was, and then i know you've got to go. he was booked on cnn at one point 74 times in 10 weeks. he was booked more than 254 times during his 15 minutes of fame in less than a year, so he was all over the place. and these weren't exactly hard-hitting interviews, as we saw. they were the cotton candy variety about how horrible donald trump was. so, yeah, the lesson here, i can

count on one hand people who said they got it wrong, but dozens of others, we didn't know. it's always, hey, what can we do? we can't predict the future. we always knew this guy was a hustler. ashley: he was and has been exposed. joe, great stuff. the giddy cabal, i'm going to use that. have a great weekend, thank you very much. >> you too. ashley: thank you. take a look at this video. new york city commuters or underwater. wow, look at that. and congresswoman alexandria ocasio-cortez used the moment to promote the green new deal, of course. it was an opportunity. lauren, what did she say? >> the video is just amazing, especially that woman in the pink shirt. she was getting to her train. okay, the comments -- [laughter] from aoc are, they just blow my mind. first of all, the first part of her tweet is in the voice of a green new deal critic, and she writes: the green new deal, which is a blueprint to create millions of good, rebuilding infrastructure to stem climate

change and protect vulnerable communities, is unrealistic. then she continues in her voice and she says: instead we will to adult thing which is to take orders from fossil fuel executives and make you swim to work. okay, ash, i'm a new yorker. as a new yorker, you should know that the subway always floods when there's a lot of rain no matter what causes the rain. and when i sat in three hours of traffic going home yesterday, i didn't say, oh, my goodness, climate change is to blame for this traffic. i said, oh, bad storm and there's a lot of accidents and water on the road. ashley: yeah. it happens. it's amazing. >> yeah. ashley: i know. i feel your pain on that traffic. anyway, lauren, experts raising a red flag as well about hunter biden's upcoming art show. what's the problem? >> i want to say his painting is the problem, but epix is really the problem here. he's going the sell his artwork. look at it. at an art show in soho this

fall. he's the son of the sitting president of the united states. so he's using his position for profit. because these paintings will sell for as much as half a million dollars. does he deserve $500,000 for that artwork? ashley: never starved in his life. all right, lauren, thank you very much. california spending millions in taxpayer dollars to protect empty houses from the homeless. you can't make it up. residents are rightly demanding answers. we're on that story straight ahead. but first, do -- have a right to know your vaccine status? one top official says yes. listen. >> the federal government has spent trillions of dollars to try to keep americans alive during this pandemic, so it is absolutely the government's business. ashley: absolutely the government's business. dr. marc siegel has a thing or two to say about that when he's here live after this. ♪ you had to be a big shot,

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ashley: health and human services secrey xavier becerra says knowing which americans have been vaccinated is absolutely the government's business with. take a listen. >> the federal government has spent trillions of dollars to try to keep americans alive during this pandemic, so it is absolutely the government's business. and we want to give people the sense that they have the freedom to choose, but we hope they choose to live. we hope people make the right choice. we try to give people as much freedom and choice as possible, but clearly when over 600,000 americans have died, the best choice is to get vaccinated. ashley: all right. connell mcshane is at the white house this morning. good morning to you, connell.

at the same time, pfizer is trying to get the okay for a third jab, right? >> reporter: that's right. pfizer is filing, ashley, for emergency use authorization for exactly that, a third can covid shot would potentially act as a booster. as soon as we heard from pfizer on that late in the day yesterday, we heard from the cdc and from the fda, and they basically said, not so fast. put a joint statement up where they said americans who have been fully vaccinated do not need a booster shot at this time. nih, which is the national institutes of health, are engaged in a science-based, rigorous process to consider whether or when a booster might be necessary. and i say experts seem to have similar reservations. take a listen. >> i would say that we're not at the position where we can say that a booster is necessary for the general public. it's, it's something that is important to study, it's important to have an fda patway for a -- pathway, but for me, it

would be fully vaccinated getting breakthrough infections that land them in the hospital at a high degree. that's just not happening. >> reporter: nothing specifically added by the white house, but there has been an effort to clarify those statements by beer is a rah. he tweeted: comments i made today are being taken wildly out of context. to be clear, government has no database tracking who is vaccinated. we're encouraging people to step up and protect themselves and others by getting vaccinated. it's the best way to save lives and end this pandemic. and i had a conversation with the press secretary, jen psaki, about this just to get an idea of what's really going on. she says if you have local community groups and church groups, some who are funded by the government at least in part, who have been going out. they have programs going door to door, they encourage people to get vaccinated but says there's no direct government employees involved in that, and there's certainly no database being kept by the government either.

ashley. ashley: all right. connell, thank you very much. connell mcshane at the white house. good time to bring in dr. marc siegel to talk about this. doc, is it the, is it the government's business to literally force us to get the jab as outlined by the health and human services secretary? >> absolutely not. i'll give you several reasons, but i'll start with john locke who was a physician, as you know, ashley, in the early 18th century, early 1700s. he said the purpose of laws is not to abolish and restrain, but to preserve and enlarge freedoms. freedoms. and that's what this is about. it's not about restraining, it's not about knowing. look, you're already on an electronic health records. they already have a way of figuring out who's gotten this vaccine and not especially with medicare. so they can say, oh, we don't know, but they can know. and i'm nervous about that comment, we're going to go door to door, because how do they

know which doors to go to, ashley? and what are they going to do when they get there? how many government officials haven't been vaccinated? how many members of cdc and fda and nih have not been vaccinated? it's a large chunk. so get your own house in order before you start talking about mandating or pushing or coercing the american public. ashley: all right, doc. pfizer, let's get to pfizer trying to get the okay for a booster jab with. does that mean that the vaccines that people have gotten are starting to fade a little? are we more exposed? >> no. and i want to add to my first point by saying these vaccines are terrific. a. ashley: yeah. >> they work really well, and we don't need any scare-mongering on this. the pfizer, the moderna vaccines, two jabs of those, and you're really well protected against this delta variant at least in terms of hospitalizations and death, almost a zero chance that's going to the happen to you. i think the issue here, and it's been mismessaged as usual, the

issue here is, well, what if you're immuno-compromised, what if you're in a higher risk group. might we want to have a third shot ready just in case? as we study immunity to see when it wanes. so far, ashley, all the studies they have -- and they have plenty -- have not shown that this vaccine is wearing off at all. it looks like two shots gives you a persistent, durable immunity. this is something they have in reserve for people at highest risk. ashley: got it. i feel better about that. doc siegel, as always, thank you so much for joining us this morning for the latest on all of this. thank you very much. all right, now this story. one black lives matter group says the american flag is a symbol of hate. larry elder is here to respond coming up. it's outrageous. but first, have you been to california recently? our next guest has, and she says it's like going back in time to a year ago. she's here to explain next.

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♪ ashley: all right, let's take a look at the markets.

the dow up, as you can see, nearly 400 points. hanging in there. up over 1%. gaining back a what we lost yesterday and then some. the nasdaq up half of a percent and the s&p 500 up eight-tenths of a percent at 4355, a complete reversal of what we saw yesterday. all right, let's take a look at this headline, if we can. it says i flew to california, and it was like going a year back in time. ing the author of that federalist op-ed, elle reynolds, joins me now. you've been on the show before. you talked about how you moved to florida during the pandemic. so tell me, what, what was it like going back to california? apparently, you say it was like going back in time. explain. >> good morning. well, yes, i've been here in florida where it's very open and very free. and i flew the california for a friend's wedding. the wedding was actually in nevada because of the lockdown in california. but it was like going a back to where we were a year ago.

people were wearing masks outside. restaurants were opening for the first time. i went out to eat for the first time after lockdowns here in florida back in last may. people are just doing it for the first time in california now. ashley: you know, it's interesting, i'm sure you met up with friends. i read your article, you were going back for a wedding that was actually being held in nevada, if i remember correctly. what do the people still living in california say when you say, wait a minute, i've gone back a year? [laughter] >> well, i was talking to a friend of mine who lives there, and she told me that some of her friends actually like wearing masks. she said the schools are -- [laughter] she's sick of it too. ashley: yeah. i'm sure. i mean, listen, let's talk about florida. people in california will be critical of states like texas and florida. they're obviously politically opposed. but they'll call florida

reckless. explain your life in florida. >> it's normal. it's free. i don't think i've worn a mask once except for in the airport. but it's back to normal, and people aren't letting a perpetual state of panic like the corporate media has tried to push on us for the last year affect living their lives. ashley: do you think more of your friends or more people you know are going to think, hmm, time to get out of california? [laughter] >> i'm sure. actually, the friends that i was there for their wedding, they're moving to the east coast in august, so definitely. ashley: oh, they are. okay. well, very good. you're a trend setter. elle, thank you very much for joining us this morning. we appreciate it with your observations. and, by the way, staying on california -- thank you -- the golden state reportedly spent a ton of taxpayer dollars to guard empty homes thanks to the homeless crisis. how much are we talking about? >> $13 million in taxpayer money. it went to patrol 120 vacant

homes in san gabriel valley, california. this is inefficient bureaucracy at its finest. is so the california department of transportation actually owns these homes. they've been sitting empty for years, but there is a housing affordability crisis in california, there's a homelessness crisis in california, yet tens of millions of taxpayer money is being used to patrol the homes that nobody lives in. yeah. ashley: you know what? you'd say that's insane. it can't be true. but it's california, so it's true. next one, lauren, the governor of california, gavin newsom, is asking residents to cut their water use because of the ongoing drought. how much to do they have to cut back by? >> 15%. that's for homes and for businesses. look, this is voluntary. and i said, hmm, how come this isn't a mandate? and i think the reason is because gavin newsom's election recall is on september 14th. so he's holding back -- ashley: ah. >> and, you know, you have to

now ask yourself is he going to take shorter showers or have his lawn watered less? you know, or is this going to be another example of do as i say, not as i to? but a voluntary reduction in california. ashley: i remember the fancy french restaurant back in the day. lauren, thank you very much. we have another big hour, of course, coming up. we've got larry elder here, tomi lahren, kennedy and the governor of north dakota. plus, the head of the nation's most powerful teachers' union making the big bucks. you won't believe how much randi weingarten is raking in over the teachers she represents. we'll tell you next. ♪ who do you love when you come undone? ♪ who do you need, who do you love -- ♪let's make lots of money♪

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is got to worry about china, the threat over taiwan, russia and cybersecurity, insulation, to blame it on the covid variant is ridiculous to me. >> a small percentage of this country wants free handouts from the government forever. i'm not as concerned about that petition as politicians who want to do that sort of thing anyway.

>> great ideas but overvalued concepts people have fallen in love with. >> that's what this administration is doing. it is about show, not substance so we will continue to have record numbers of people coming across the border illegally. ♪♪ say that you love me ♪♪ ashley: it is 11 am on the east coast, elsa has moved on through, better weekend in the forecast. i am ashley webster in for stuart varney. let's get to your money and we have a rally on your hands, 24 hours earlier we had a selloff, the dow up 361 points, nasdaq a more, let's look at the big banks that got hit yesterday,

they are rebounding. goldman sachs up 3%. bank of america close to $40 a share, jpmorgan and morgan stanley and citigroup up nicely in today's session, big tech in the crosshairs of the administration but they are moving higher. look at apple hitting a new all-time high up one.5%. let's look at the 10 year treasury yield the tanked yesterday but reversed along with the market up 5 basis points. all right. let's bring in heather, you will be with us for the whole hour. let's get to these markets. talk about inflation. you say it hasn't gone away and is continuing to manifest itself, you're saying maybe not

transitory as the fed believes. >> transitory meaning temporary, the 10 year is rebounding but still near his story clay low levels. as we stand, the point is this doesn't mean there is no insulation. it means the federal reserve is buying an unprecedented amount of bonds and should not be at these levels for three reasons, look at the price of food when you go to the grocery store, grocery stores are stockpiling, a 7-year high, 40% right here. investors coupled with the price of housing, the fed buying mortgages, why are they buying mortgage-backed security, housing market is not in recession.

>> people complaining about the prices, thank you very much. stay right there. a new report revealing the head of america's largest teachers union, randy juan garten, makes 550,$000 a year, not too bad, 9 times more than what the average teacher makes. high school teacher 62,000, just over, randy is pulling in some major coin. let's bring in kennedy. good morning to you. what do you make of this salary? >> a big fat salary, she's milking these teachers across the country who are paid public servants, public school teachers in a lot of states, they don't have a choice as to whether or not they join their local unions and often times that is taxpayer money and it

is interesting because randy juan garten makes half $1 million a year, 90% of her organization donations go to democrat politicians so they can help write these laws and one of the big ones she's pushing is honest history in terms of critical race theory, very anti-capitalist but she's wallowing in the spoils of capitalism finding a job that pays over fair market value. liz: the vicious cycle, she passes it on to people who make policies a lot of people don't agree with. >> that punish parents and students. ashley: exactly. take a look at this book titled not my idea, it features images of a devilish figure offering the reader a contract, currently being assigned and recommended in 30 public school districts across 15 states with

some as young as second grade reading the book every day i say you can't make this up. where is the outrage about this? >> the outrage is with parents who go to places like the loudoun county school board meeting and they are going to school board meetings across the country and they get loud and violent in some cases because parents are being kept out of the public education system and that is the goal of these teachers unions, 2 divorced parents from the system and they want to have a voice. parents should take their voice back, take ownership of this critical time in their kids lives. the way to do that is through school choice. you are seeing this throughout legislators across the country where there is a big push to have the money follow the student and that means instead of your taxpayer money being taken from you and given to

public schools which are beholden to teachers unions and this god-awful curriculum that you can take that money and choose where to send your child. ashley: what a concept. thank you so much for taking time to chat with us. you can catch kennedy on her show monday through thursday 8:00 pm eastern on the foxbusiness network. now let's look at the markets and bring in david, you say there is significant pent-up demand and many are astir -- underestimating it. many are underestimating what? make your case? >> throughout the whole recovery people have underestimated the pent-up demand of the basic human desire to get back to their

lives and that has big market implication. we have hotel reservations down 9%. airline traffic is down 20% from where it was. a huge desire pressed in the market. not saying market prices don't reflect it but when you think about the economy and market activity this is the mistake most people have made, pent-up demand bigger than people expected. ashley: also when you are here, stuart loves to talk about dividend stock picks, you have etf and truest financial. explain those pics. >> i didn't get to come on wednesday, happy belated

birthday but as far as these dividend pics, a late birthday present. umi is the ticker, actively manage a lot of oil and gas pipelines, us corporations, you get a high dividend yield off of the pipeline's ability to transport oil and gas and it is necessary environmentally, economically, a huge growth industry, highest conviction right now. the second pick was truest. you heard the biden administration say they want to crack down on mergers with financial institutions, truest is a combination of suntrust bank which you remember and bb&t, two good-sized southern banks emerged together. who benefits from cracking down on no more mergers, the banks had already merged, the banks that are already big get the government to come around and take away potential new competition.

i think it is a perverse policy idea. the government goes running to jpmorgan and wells fargo to take on a weaker bank but truest is a well-run bank, two regionals that came together for the 3 and a half% dividend yield. ashley: you came through. thanks so much as always. the us chamber of commerce, the chamber says many people are reluctant to go to work. do you think that could hurt the recovery? >> that is the one factor holding the recovery back from being at its best.

one third of americans make the support until bonus than they do working and that is a major problem. even the chamber of commerce is echoing that right now. when you look at small businesses, the survey, small business owners say almost majority, 40% cannot find qualified workers. that is a big issue or head wins we are facing in the economy. if this is truly the reason people are going back to work, september 6th with a supplement hexthera0 $ we res fores soans.icans.ans. le s e of t 9hoof tofho ng engsen aingsngng r embeh.6th.h. asey: gt et btok we ca nnke ota le s ms ms cstis cstays inthsueooln rgeot cre crto thein ge in le >> one pienece ozze tt emss t tt get en aon

is the thecking prinoliferolion uns inuns heun lararch cideciwith thith tri shootings and murder. ashley: you know tomi lahren will take that on and she will be on the show. utah's chapter of black lives matter sparking with outrage for calling the us flag a symbol of hate. larry elder sounds off on that next. ♪♪ rolling on the river ♪♪ ♪♪ (naj) at fisher investments, our clients know we have their backs. (other money manager) how do your clients know that? (naj) because as a fiduciary, it's our responsibility to always put clients first. (other money manager) so you do it because you have to? (naj) no, we do it because it's the right thing to do. we help clients enjoy a comfortable retirement. (other money manager) sounds like a big responsibility.

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ashley: we are learning about new school guidelines issued by the cdc, what are they saying about mask wearing in school? >> they are paving the way to emphasize that school should open in the fall. if you are fully vaccinated with you are a teacher in k-12 or a student in k-12 you don't need to wear a mask. how the police that? we are not sure. some teachers wear masks or teachers wear masks, i don't know how they differentiate that and i can see this being chaos in middle school because then you have kids over 12 and under 12, not all can get the vaccine. they also suggest that everyone stay three feet apart. obviously that is going to be a challenge and i think putting masks on children who cannot get a vaccine because of their age will be challenging because little kids, i say this as a mom of little kids, they are

good in the masks for little bit of time, not all the time. we will see how this plays out. bottom line the cdc guidelines want the kids back to normal in the classroom. ashley: they are prone to change their minds, thank you. on the fourth of july the utah chapter of black lives matter posted a picture of the american flag saying when we black americans see this flag we know the person flying it is not safe to be around, when we see this flag we know the person flying it is a racist. we know to avoid you. it is his symbol of hatred. absolutely remarkable. larry elder joined me now. they say the flag represents hatred but isn't it supposed to represent unity? what is your reaction? >> you use the word we. what gives this person the power to talk about week?

i saw a poll the to the majority of black americans are either extremely proud of very proud to be american. this individual is speaking for himself, not for black people. my father was a marine, the first black marines, he served on the island of guam. this guy feels my dad was a chump for being patriotic. what he said is outrageous and offensive but he's not speaking for we, he is speaking for himself. ashley: and all the people who have given their lives for that flag. you are a california guy, seriously considering a run against gavin newsom for governor. when will we know if that is official? >> i'm thinking about it and asking people to drop me a line, larryelder@gmail.com. something has got to happen, crime is out of control, the police are demoralized because of this narrative that the

police are engaging in systemic racism. you've got criminals being released without bail, you've got 20,000 prisoners released early because of covid many who will reoffend, they are more afraid of lawsuits by these prisoners and the victims these prisoners are going to have once on the streets. 76,000 more prisoners will be eligible for early release for the next several months in several years. it is out of control. they passed a bill to pay mess addicts not to be mess addicts. what will they do with the money? that is the approach to homelessness, the idea to build homes, they are not addressing the reason people are on the street in the first place. some of them are psychotic, some of them have schizophrenic diseases and need to be held, they are danger to themselves and others, others have drug abuse, alcohol abuse and unless you treat the underlying

conditions you have the same problem. i urge we get churches involved, they know better what to do than government and do it more efficiently and effectively and cheaply, and you have this outrageous cost of living. my father works two full-time jobs as a janitor, i looked on zillow the other day and the home my dad bought is 600,$000. worked 3 full-time jobs, wouldn't be able to afford it because of the cost of living in california. >> something a good campaign message, let us know when you decide what you are doing, you did great, thanks so much for joining us, staying in california, san diego officials want to institute a new road charge to raise money on infrastructure projects, drivers in the county would have to pay a fee for each mile traveled with in the area. heather, come back in here. feels like an invasion of privacy. you are tracking people and movements. >> it absolutely doesn't that's why there's a lot of pushback, you are tracking not just for miles but where you are going,

the time you're spending on the road. it is a computer on wheels feeding the san diego government officials information about your daily driving habits. not only is it a private concern but when you look under the hood they are proposing a gas hike, a hike in the gas taxes you pay at the pump. i recall the infrastructure bill we have been debating on how to pay for it. even democrat congressman have said absolutely no to an increase in gas prices that would hurt working-class americans and that is completely removed from biden and company at this time. that's not a good proposal for san diego. >> just what california needs, another hike in the gas tax, they already pay through the nose, the average cost of a gallon of gas is $3.14.

at an oil refinery, it feels like prices are going to keep going up. >> that is what they have been doing. you can see the refinery cranking once again is demand is a big time. look at the price of crude, you know where that has been and where it is going so doesn't take an economist to know it is only a penny more than it was last week. if you look at the numbers it is about a dollar more than it was this time last year. typically when you get crude at $75 you get more exploration, drilling and production in the us, that's not so much the case right now. the baker hughes rig count, 376 oil rigs working in the us, more than this time last year in the midst of the pandemic but we had 683 before the pandemic start, 700 rigs out there and that hasn't come back

and phil flynn has been beating this drum for a while says that is a problem, listen. >> they are not responding to the increase in demand and that is why we are seeing us oil inventories crawl at the fastest rate since they been keeping records. we are seeing this incredible demand growth, us producers on are responding and at the end of the day we are more dependent on opec to get our oil. >> those investment dollars going more toward renewables and that is where the administration is headed and where the dollars are going and some banks don't want to lend anymore and you don't have the dollars, you can do the exploration. >> we used to be oil and independent at least in the last administration but not anymore. now this. disturbing cases of road rage shootings on the rise.

cases are at a 6-year high. >> i will give you those numbers in a second but we have all seen it or done it, tailgating, honking, weaving, cutting people off and that is usually where ends but sometimes it escalates. once a day someone is injured, shot at or killed in an incident of road rage. let's go to houston earlier this week, a gunman shot a family, police say a teenager's father exchange hand gestures with the driver of a white buick, follow the truck for several miles, fired some shots killing 17-year-old david castro. to detroit this week, firefighter god into a traffic altercation, both men pulled into a gas station parking lot, josie lindley shot and is charged with murder. if you are looking for why,

some call it code range, nation road rage and covid, traffic heavy, you are late, frustrated, short tempered, the common threat, the middle thing which some drivers consider a challenge and unacceptable. >> best advice i can give if you think something like that is escalating, take the next exit. it is not worth it. someone lost their life for no reason on tuesday night and it is tragic. >> talking tuesday in minneapolis. they were driving home when there was a traffic altercation. someone in a white suv opened fire, he lost control of the car, crashed, his son gave him cpr but died in his arms. the last four years 22 people on average were injured or shot per month. right now in the last 7 months that increase to 42 people. back to you.

ashley: disturbing and sad. now this. amazon just locked down streaming rights for universal movies. this means streaming prices are about to go up. we will find out next. plus bitcoin remains in the 30,000 range at 33,600 as fears of regulation resurface. i will ask brock pierce, the bitcoin foundation chairman of this worries him. jason, did you know geico could save you hundreds on car insurance and a whole lot more? cool. so what are you waiting for? mckayla maroney to get your frisbee off the roof? i'll get it. ♪ (upbeat music) ♪

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foundation, are you worried about the regulation coming to bitcoin, the crypto sector. >> i am very interested, working tirelessly with state legislators to understand the right course of action. regulation has been a topic for some time. and regulated by the sec, senator elizabeth warren called for regulation and asked for a plan to be put in place by july 2, '08, there's a lot of regulation, many laws exist that existed before the internet.

they are not tailored for this industry but there's a great deal of regulation to protect people and law enforcement agencies are doing the best they can to ensure people are protected. >> bitcoin going back to the birth of this, it is in an area away from this regulation. does it not negate the purpose of bitcoin and other crypto currencies? >> i wouldn't say it negates it. the system is not owned or controlled by anyone so you can't regulate the infrastructure very well but operating financial services,

and it is important our system of governance is doing the best they can to support people and bitcoin is a system, independent of our institutions. that doesn't mean they are building the wallets and exchanges pursuant to media exchange of currencies so there's a place for regulation, sensible regulation. ashley: that is the key, isn't it. we are already out of time but glad we got to that issue. i want to bring heather back in, bitcoin should be regulated. to what extent? >> for the average investor my best advice is to stay away from bitcoin unless you are a speculator or have cash you are willing and able to lose half

of your investment as a traitor. in terms of regulation if it is ultimately to succeed as an alternative currency it is safe to assume you can expect regulation to come, look at european countries cracking down regulation, money laundering, recent cyber attacks with colonial pipeline, the hackers demanded to be paid the ransom in bitcoin and also senator elizabeth warren telling the fcc here's your ultimatum, regulate crypto currencies by the end of the month or else. whether you are for it or against it, regulation is coming. ashley: it is indeed. another one for you. fort lauderdale accepted elon musk's proposal to build an underground tunnel that will connect the city's downtown area to the beaches. here is what the mayor told us earlier. take a listen.

>> our roadways were not built to accommodate the kind of traffic they are suffering under. a transit system in which you go underground with lights, music, and experience in and of itself. ashley: a disco tunnel, sounds like you are a florida resident. what do you think of this idea. it is super cool, the problem and i'm mentioning this to other residents, how are we going to dig the tunnel through the limestone, you asked about digging through those elements, he didn't seem too concerned, when you have elon musk behind it was going to space this is going to be a $30 million project estimated over the next 6 months. another cool idea, i look forward to riding in the tesla tunnel when it is completed. ashley: with lights and music

no less. thank you very much. now this. the surge in migrants continues to ramp up, no slowdown and north dakota says they will send national guard troops to help secure the southern border. i will ask the state's governor about it. he is on the show. the pack kicking off in dallas, conservative leaders there, we asked them how they are rallying the base ahead of the midterms. we take you there with a live report next. ♪♪ how am i doing? some say this is my greatest challenge ever. governments in record debt; inflation rising and currencies falling.

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>> reporter: the conference is called america on canceled. a central theme is pushing back on canceled culture, can't cancel the usa. look at exhibition hall, the vendors setting up at the start of the conference around noon local time today with midterm elections, the conference is an opportunity for conservative leaders to cement advocates for limited government, pushing back on overspending and handouts, some of the speakers tell me they will talk about boosted unemployment status benefits and lingering effects of restrictions that they say are dragging the economy. >> what they are seeing is higher inflation, higher energy prices, higher food prices, small businesses unable to put an open sign in their door because they can't find employees because they are

making more money with government checks coming out of the biden administration. >> reporter: there is a lot of anticipation in the lead up to speakers like donald trump junior who is speaking later today and donald trump who speaks sunday and other names you may recognize speaking throughout the weekend, you can watch all of the weekend's events on the fox nation apps. make sure to download that. ashley: thank you, appreciate that. msnbc's chris hayes tried to link the surge in violence to legal gun ownership. >> one piece of the puzzle that seems to not get much attention is the truly shocking proliferation of guns in the last year which coincided with this rising shootings at murders. 2020 was the biggest year for gun sales in american history ever ever.

ashley: legal gun sales behind all this violence, good time to bring in tomi lahren. take that on please. >> what he doesn't seem to understand is 2020 and now 2021 have been the biggest advertisements for the second amendment we could've asked for. people are seeing lawlessness on their streets in their own backyards, nothing to do with law-abiding gun owners exercising second amendment rights but everything to do with the deep and the police movement, the movement to undermine law and order, the move to decriminalize lawless behavior. that is what lawlessness can be attributed to the liberals don't want to admit that because then they would have to admit the groups, organizations and policies they've been backing for the past several years haven't worked and are not serving the country well at all. ashley: what is absolutely galling and i shouldn't be

amazed anymore at what is said but the democrats continue to hold to this line even though they got three pinocchios from the washington post that it is republicans defunding the police because they wouldn't approve that $2 trillion rescue bill, coronavirus relief bill which by the way never stated the police were to receive extra money. >> typical gas lighting from the democrats and we don't expect anything else, they will never take responsibility for the problems they created, they are not going to take continuity for open border, certainly not a lawlessness on our streets but what is troubling to me is the democrats create a problem and then use more government to solve the problem which we know is not going to solve the problem with their first instinct when dealing with problems they created is to come after our rights as law-abiding americans. that the biggest issue i have with this, that is what is more important than ever to defend the second amendment and also defend the first. >> are you happy you moved from

california to nashville, tennessee? >> very happy i moved to a great read statement in the remaining couple of seconds i will say this, something i haven't been able to answer, why is it that liberals, i'm conservatives, liberals flee from their blue states and keep coming to red states, why are they not fleeing to blue states. and unanswered question i still have. >> why did they run away from these states, these liberal states, why don't they ditch the politics that forced them out in the first place. thank you, appreciate your time this morning, let's check the markets again if we can. the s&p hit a record high, the s&p 4365, it is up one%, check out the dow up one and a third%, 452 point gain in the nasdaq, also joining in on this momentum up 120 points or thereabouts, up one% on the nasdaq.

the streaming services are doing very well, netflix, walt disney, amazon, apple, comcast all doing very well, walt disney up 17681. amazon will be adding films from universal to its prime video streaming service, the deal with comcast allows amazon to stream the movies for 10 months after they first run on the peacocks training site for four months. come in, heather. what do you make of this move? >> the only reason i recently downloaded peacock, i didn't even know it existed prior to this but the new movie boss baby, my daughter wanted to see that and myself included but this is a big push since 2005 universal has only centered theatrical releases to hbo set to expand streaming with

peacock is pushing into that market as well as taking advantage of third-party licensing agreements with amazon prime. if you are an amazon prime member, for those 10 months you get to access those movies for free as well before it goes back to peacock with universal. a pretty cool deal was announced. >> all about content, sounds like a good deal to me. thanks for spending the hour with us. we enjoyed it and appreciate your time. thank you very much. now this. north dakota is suing the biden administration over there suspension of new oil and gas leases on federal land. the governor says that will cost to state hundreds of millions of dollars in lost revenue. easier next.

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ashley: now. north dakota is suing the biden administration over suspension of new oil and gas leases arguing it will cost the state hundreds of millions of dollars in revenue if not more. let's bring in the governor of

north dakota, good morning to you. what do you hope to achieve with this lawsuit to basically reverse the cancellation of those two lease sales and any other in the future. is that right? >> that's correct, great to be with you but let's start with energy policy overall. the united states produces energy cleaner and more efficiently than any place in the world and so people care about the environment we should want to be producing as much energy here in the united states as opposed to buying it from overseas. the last administration, the trump administration we achieved a goal which is not been achieved by this country since world war ii, we're in a position of not just energy independence and energy security but to sell energy to our friends and allies versus buying it from our enemies so it seems this policy is not good for the environment, not good for hard-working americans and certainly not good for

american national security. ashley: north dakota is the number 2 oil producer behind texas. i don't know if people know that but it is true and it is a huge part of your economy. as things stand, how's that economy being threatened by these canceled lease sales? >> first of all, it is required the federal government hold leases quarterly so we believe the actions are legal and that is part of the basis of the lawsuit but we estimate there is already over $100 million of lost revenue to the state and local communities that support health education and all the basic services in our state and that is the cost already on these canceled leases but going forward the cost could easily run into the hundreds of

millions of dollars and could be billions of dollars. ashley: changing gears quickly, you send your national guard to the southern border, you are on the canadian border, tell me why you are doing that? >> north dakota believes in making sure our nation has a strong and secure border and this federal order asking for national guard troops to head to the southern border is recognition by the biden administration of the humanitarian crisis going on. north dakota has been a strong supporter, this is the eighth time going back to the bush administration we responded to the federal request to send troops to the southern border. ashley: we thank you for that and for spending time with us, we will follow that lawsuit, thank you very much. it is time now for friday's trivia question. where was the first baseball

game played? somewhat's backyard? the answer when we come back, those are your choices. 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 with voltaren arthritis pain gel my husband's got his moves back. like you an alternative to pain pills voltaren is the first full prescription strength gel for powerful arthritis pain relief... voltaren the joy of movement

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in same-store markets we are on the upside after yesterday's selloff, the dow up 420 points, the nasdaq up 3 quarters of one%, the s&p up one%, treasury yield go from tanking yesterday to moving higher today so there you go. the seesaw movements that are pretty common we are on the upside, not a bad way to finish the week. our time is up, neil cavuto, take it away. neil: all the market averages will have an off week after what has been a lot of volatility. welcome, everyone, this is coast-to-coast. we are following this advancing market but what struck me was look at the nasdaq. 115 points despite talk the administration will crackdown on anticompetitive practices it says are rampant and big tech citing all the