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 big guys

including the likes of amazon, google and a host of others and they've gotten too big for their britches and can't look at this anymore but here is what is sweeping about the administration's actions including 2 dozen federal agencies to crackdown on behavior that goes from initiation of a product to who buys that product and even who large tech concerns by out to eliminating what the administration says is all available competition. you would think in that environment where this has a chance to go anywhere or not coupled with the house judiciary committee a couple weeks ago targeting antitrust suits against at least six large players in this arena and 6 different actions, technology would take it on the chin but as we've been reporting the nasdaq is racing ahead. another reminder that washington may propose buyers can dispose and today they are disposing of all those threats. connell mcshane at the white

house with what the administration is talking about. >> reporter: the president can only go so far in an executive order and we will see how far he plans to go but competition is what the white house has been saying the last few days this is all about. i suspect we might see some in the business world say what it is really about from their point of view is more regulation but we don't know until we see the executive order itself what we are being told, it will be quite wide-ranging. technology is part of it but by no means the only part of it. the white house made the point a few times they think there have been so many large acquisitions across so many different industries that every time that happens you have less competition and consumer prices have been going up at least in part for that reason. specifically on tech, look for language, unfair methods of competition, more regulation on data, privacy, things like that

but by no means is that it. look for a limited ban on noncompete agreements which make it tough to change jobs for some sort of attempt to lower prescription drug prices instead of the move to antitrust enforcement in a broad sense and opportunities for small business, here's the press secretary. >> the overarching objective with the executive order is to make sure the president is encouraging competition and industries run the country. it doesn't sound right to most people that there are three shipping companies dominating the market and uping and increasing cost for suppliers, small businesses, people across the country. that doesn't sound right or fair because it isn't. >> the president will add to these remarks at the white house 90 minutes from now. on another issue while i'm on the administration is -- to an

economic blacklisted the commerce department put together over alleged human rights abuses and high-tech surveillance taking place in china so this just came from commerce, 34 companies being added to the list, some outside of china and accused of enabling the alleged abuses taking place in china so separate from the executive order that came out of the commerce department. neil: connell mcshane will update us on this story as it continues throughout the day and the president will be making remarks on this but if you are like me you are wondering how is it the dow jones industrials, technology plays a dominant theme among its members the nasdaq racing ahead, all 3 market averages for the week and it has been a wild one are up in the face of the so how is that possible? could a break up of these companies which both parties

have been advocating, the market sees that as a boom, the pieces would be worth more than the whole. i can't figure it out for my next two guests have a good handle on it. danielle, let me ask you first about the market reaction to this because it doesn't fit the common approach in response you would think to the government cracking down and that both parties for various reasons are interested in cracking down. they are more than merely going along. all stocks are. what do you make of it. >> what you are seeing today in pricing action and the market is certain things can be accomplished via executive order, 72 executive orders, 12 agencies building up a whole new counsel to oversee, this is red tape, bureaucracy. what would concern markets is if things like the facebook

case we found out recently that had been thrown out of court, if that had stayed in court because changes you are talking about both parties advocating for different reasons have to do with the fact that these things are carried out in a court of law. they are carried out by congressional laws being passed, not executive orders that create a lot of the red tape we spent the last few years dismantling so that you can make smaller businesses and midsized businesses more competitive. these things inevitably trickle down to the players that are the least competitive and the nasdaq is seeing right through it. neil: yesterday a lot of people getting anxious with the selloff that we should be seeing a slowdown coming, relatively stable in the face of these inflationary pressures and most of that was this notion that it would be temporary and didn't last long, then it got scary, maybe it is not so much the inflation thing as the global economy could be slowing things, not so much the issue today. is today more a reflection of

reality? >> you always go to the heart of the question which is difficult to answer but appreciate your confidence in handing it to me. first of all when you wear it nosebleed level in stock prices having recently been chalking up these new daily highs, what your app to get is a blood he knows every now and then and anything to use another analogy, would be perfect market scenario, applecart. it is easy to upset that outlook so in recent days as we focus, the good news bad news has been us economies leading the world right now contribute to global growth, the bad news is the rest of the world isn't doing so well broadly speaking it as you have the delta variant or whatever else might be out there but has yet to present itself, we need the global economy to be

participating as well if only for the sake of us-based companies and we know there are other reasons we need countries to be doing well also, volatility probably is probably may be overdue particularly at this level where the market is and there's been the other part where we have seen bond yields and people are scratching their heads going is there something out there we really don't understand and the answer may be possibly yes but we don't know exactly what is going on and we need to see that. could be the fed over does it, takes its foot off the gas too soon or just a natural market adjustment, these are things we will be watching. neil: when you were at the dallas fed what did you pay more attention to if you were looking at the market? the bond market or the stock market? >> in theory we should have been paying close attention to

the bond market inside the federal reserve, what can be controlled by monetary policy, the interest rate lever but in all reality the stock market sways the federal reserve and the actions that it takes because of the trickle-down effect from corporations, if their stock price is up they tend to be hiring, expanding, making investments. of stock price is down a tend to be writing good old-fashioned pink slips. the fed should not necessarily have the stock market dictate its actions but in reality that is exactly what happens? neil: having said that if you look at what the bond market has done, the pill rate is fairly constant and below what you would think would be amidst all the inflation concerns, the bond market is right? >> it may be right today and be proven wrong on monday but to

piggyback on the earlier question as well i have yet to see any inclusion of bond yields and rising bond prices and any assessment of consumer confidence. maybe it should be but it is not the kind of thing you go outside the room and people pepper you with questions. maybe in foxbusiness but not the rest of the world. there is a lot of bizarre intervention in markets right now so that is part of the federal reserve question and we don't know what equilibrium not to be minus that intervention. i have a feeling we will find out more about that in the coming months and year or so. >> they talked to me about how to get a good sense of what is going on with the overall economy because that is the backdrop i'm getting from this whole covid issue. we will explore that with late developments and recommendations from the cdc

and fda telling americans the notion of needing a booster shot to deal with this variant not called for for the time being. pfizer was among those companies saying it would be a good idea and want to pursue that but the recommendation now from the cdc and fda the vaccine booster is not currently needed. that could change. they said we didn't need to wear masks before they said put the masks on or we will send you to your bedroom without dinner. they didn't say that but, let's go to gordon chang. another big store we are following is the crackdown on chinese issues and companies that trade not only in the us but with who we don't want to do any business going forward, china is likely to follow suit, maybe the fact that it is drawing back its promised corn purchases is an indication of a little bit of the financial to for that. author of the great us china tech war among many, what do you think of where this is going, now as if there was any

doubt, we are gunslinging with each other? >> and we really should be because we've got to remember china is somewhere in the neighborhood of $500 billion a year of us and electoral property and we've got to deal with that. donald trump impose those tariffs under section 300 one of the trade act of 1974. that caused the chinese to retaliate. there's been retaliation, this is a relationship going south fast. neil: china is aware of economic and market hit but it has taken as a result of cracking down on promising things like didi, the chinese ridesharing service and a host of other buzzed it has to realize they don't seem to care. i'm wondering if we should be anxious about that but they don't care.

>> the reason they don't care is in china's regime the most important thing is not prosperity of the economy or well-being of the company like didi. what they want is control and to make sure they control among other things information. they are really worried about chinese information leaking to the world and that is ominous. when you look at this we think china wants to make sure it's companies do well, they have different incentives and what we are doing is mirror imaging. they think like us, no they don't. neil: if they are cocky enough or bold enough to risk economic damage to themselves, decades before others, concluded military more than economic interests at heart maybe it considers its economic interests met and strong enough

now to go military. what do you think of that? >> that is a possibility. i think xi jinping believes that the closing window of opportunity for china to achieve what it believes are at historic objectives. people worry about china in the 2030s in 2040s when they say china will have a larger economy than ours, will be this behemoth, i think what they're worried about are certain problems. for instance not being able to feed itself, degraded economy, this is all these things starting to bite and so we've got to be worried they cause an incident which spiraled out of control. may be a planned incident, remember they are challenging the u.s. navy and the u.s. air force in the global comments with dangerous intercepts, the law of averages says one of them is going to go wrong. neil: thank you very much.

gordon chang is at the cpap conference, senator rand paul is pushing legislation to take the masks off on planes, that's not going down well with the flight attendants association and a host of others but he's pushing it just the same. top doctor on what he makes of that after this. ♪♪ well, geico's 85 years isn't just about time, you know. it means experience. i mean, put it this way. if i told you i'd been jarring raspberry preserves for 85 years, what would you think? (humming)

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julie: might have heard pfizer and others considering booster shots to keep you from risking are being vulnerable to covid 19 in the future to deal with the more stubborn variants like the delta varied and the lambda variant from peru that is rocketing across the world. just out from the cdc and fda a slapped down on that saying such booster vaccine shots are not currently needed saying

it's not necessary but the urging of americans to get vaccine shots anyway is on right now. a third of the population is yet to get even a single shot, half of us have not been vaccinated fully and that is a big concern, so much of a concern that the health and human services secretary had to walk back comments that he made where he was advocating some sort of database to keep track of who is getting the vaccination shots and who isn't. bottom line is he dialed it back at a time when people have yet to be vaccinated and might never be vaccinated. jackie heinrich has much more on this. >> xavier becerra trying to correct the record after this interview sparked some backlash. >> federal government spent trillions of dollars to try to keep americans alive during this pandemic so it is the

government's business, if we have to continue to spend money to try to keep people from contracting covid and reopen the economy. >> reporter: he tweeted some comments are being taken wildly out of context. to be clear government has no database tracking who is vaccinated as we are encouraging people to step up to protect themselves, others by getting vaccinated. white house president terry jen psaki also made clear folks going door to door in communities are not government employees the local organizers, doctors, faith leaders and community activists. community outreach is funded in part by covid relief money. >> members of the government are not federal government employees, they are volunteers, clergy, trusted voices in communities. >> the white house is under pressure to ramp up vaccination efforts. former obama administration officials believe there should be a vaccine mandate.

kathleen sibelius told the new york times i'm trying to restrain myself but i've kind of had it. we are going to tiptoe around mandates, i'm over that. i want to make sure people i deal with don't have it so i don't transmit it to my granddaughter. as variants increase in front the white house praised decisions from some private entities, corporations, universities to mandate vaccines. jen psaki said those are innovative steps to go forward and take steps you feel are appropriate, that is not the role of the federal government at this time. neil: the read from the white house is we will urge but we won't order. doctor kevin campbell, president and ceo, always good to have you. where are you on this?

making sure many americans get vaccinated as possible they are stepping back from the mandates, going door to door, they are concerned so many americans have yet to get so much as a single vaccination shot. >> i'm very concerned about the vaccination rates. i believe this is a personal choice that every american should decide whether they should or should not get vaccinated. i don't think it is the government's role to mandate it. however i do think we have to advocate vaccinations because the data is there, those who get vaccinated even one dose tend to not get covid or if they do it is a very mild case not resulting in death or hospitalization. the data is there and we have to do a better job getting folks vaccinated. neil: i have a good friend who is very leery of vaccines and extend that to his entire

family. i don't know what it is or where it started, some incidents in the past, but he represents a huge subset of the population for whom nothing can make them take this vaccine. i am wondering how you deal with that. if it were to reignite as it has in indonesia and malaysia and tokyo so they are banning fans in the stands, how do you balance that? >> the biggest problem is misinformation. what folks believe is this was thrown together and chiseled together in 10 to 12 months. messenger rna technology which is what these vaccines are based on have been in development for decades. it is just now with the push from the federal government and the trump administration at the time we were able to get those

vaccines produced very quickly. the technology is not brand-new or experimental. they are safe and effective. ashley: neil: senator rand paul is pushing the mask mandate on public transportation and airplanes. how do you feel about that, no masks on planes? >> i think it is a great tool to incentivize folks to get vaccinated. what i would like to see is a mandate for public transportation. if you are going to fly massless you must prove you have been vaccinated. maybe you can upload your vaccination card to the website before you print your boarding class and it will stamp it like tsa pre-check or something of that sort, require an vaccinated passengers to wear face masks. i think that is what should be done. as a vaccinated person, you and i are not going to get sick from covid except under very rare circumstance. those that aren't vaccinated this delta variant will sweep

through them like the initial covid swept through our country before the vaccine. neil: as the cardiologists, i think -- about my own expressing alarm that during the covid pandemic few people were coming in for routine heart procedures. now we have confirmation of those numbers from the cdc and the fda they did fall dramatically so we don't know how many people died as a result or are in worse shape because of this. does that worry you? >> it really does because i think a lot of the things that as a cardiologist we do to prevent disease or treat disease we were not able to do because of covid type restrictions. elective procedures, defibrillator implantation were put off. hope for the nation declined significantly. hopefully we can get folks back in and doing the preventative

type things like breast cancer screening, colonoscopies for colon cancer screening, these things are really important and we have to get back on track. neil: great catching up with you and you are patient with my idiotic questions. appreciate that. doctor kevin campbell, as we are wrapping up, busy day for the cdc, saying vaccinated teachers and students do not need to wear masks inside school buildings. as long as you are vaccinated don't worry about the masks. all others where the mask. ♪♪

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neil: said news, miami-dade's mayor said the death toll has risen to 78 in the florida condo collapsed. 78 confirmed that, 14 more victims were recovered from the collapse site. we will keep you posted on that. this is picking up the pace ever since the demolition of the one part of the building that had not fallen down. that did clear the way to find more victims so we will keep you posted on that and the rising gas and energy prices. that's not an alert to you. you have been seeing it yourself but the latest signs, this will not end anytime soon. jeff flock in illinois with more on that. >> reporter: that is the scary part.

i am in suburban chicago. they are cranking again because demand is up but so is the price of a barrel of oil. the latest numbers up today big time. we got above $75, $76, it came down a little bit, headed back up again. because of that largely and increased demand gas prices at $3.14, only a penny in the last week but $0.07 more than it was a month ago and a dollar more than a year ago. when we get gas prices high but oil prices high, take a look at where we are now, they've gone up compared to last year, 376 working oil rigs according to baker hughes. more than it was in the midst of the pandemic but nowhere near pre-pandemic levels.

some people are concerned lack of exploration is a problem. those people include phil flynn. >> one of my biggest concerns for the global economy going forward is we are trying to transition off of fossil fuels too quickly without having an alternative in place and because of that that will leave us undersupplied in the next couple years. >> bp, british petroleum does the statistical review of world energy, they found in the last year 2020 solar and wind up big time, up 22% for solar and 18 for wind but when you look at the whole world, not just the us where does energy come from in the world, oil 31%, cole 27%, natural gas 26%, fossil

fuels 3 quarters of our energy, hydropower and nuclear 10%, solar and wind 6% worldwide. some people think we are too far over our climate goals because we are trying to transition and do our part but the rest of the world but so much. it is worth thinking about. >> really startling. you heard what is behind a lot of infrastructure talk is how to pay for it, they thought they had a good idea charging a mileage tax or something like that to make sure it is fair for everyone but it has run into a buzz saw of criticism and at a time, taking a lot of the money they do get and putting it into alternative energy sources and not the infrastructure, it bothers jim

desmond. explain in a nutshell, open to looking at infrastructure but not the way it is watching them with the initial package, roads, bridges, that sort of thing. >> roads, bridges or new technology, san diego county in california is proposing a per mile tax which would be a track tax. the state is, san diego county, the transportation agency is thinking of charging 2% on top of the $0.02 per gallon or per mile tax and this is an intrusion of privacy but as you mentioned they are not putting the money back into roads. they promised to ease up congestion. they want to build more

high-speed trains which doesn't make a lot of sense in san diego county even if you had a high-speed train it could maybe make one stop. it will take 30 years to implement but they are trying to tax you out of your car. the single driver, the ruin of all climate and everything else when really technology is going to be the answer. we should be investing, cars will be computers on wheels and they will be electric and get rid of greenhouse gases and those emissions but instead of investing in that direction we are going back to the 1800s and early 1900s with buses and high-speed trains which is a debacle in california. you have to pay, it should be a user fee if you use the roads, they are diverting that money to buses, trying to change behavior instead of enhancing what people are doing.

neil: i understand privacy and people eyeing what you do in your car, but there is a pecking order of urgent needs deteriorating roads and bridges everywhere. address that, fix that and pursue these other areas if you're trying to pursue them but in a real sense of order that i don't see going on. >> somebody mentions the average price of gas is $3.15 a gallon. in my car the other day, we were going to fix the roads and 90% of people don't take transit and if it was available still wouldn't take transit. people want to go ever since horses people want to go where they want to go when they want

to go, let's keep that freedom for people instead of trying to force them into vehicles and buses. >> priority first. this is an issue that is getting to be an arsenal of ammunition they are using in dallas, texas this weekend. one of the big issues they are trying out if you will the midterms and may be the next presidential election is all the hardships to come because the government cracks down and prices go up after this. liberty mutual customizes car insurance so you only pay for what you need. how much money can liberty mutual save you? one! two! three! four! five! 72,807! 72,808... dollars.

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ideas like critical race theory and the economy, big tech and social media, pushing back on cancel culture, that is a big theme of the conference. we have some names that are garnering a lot of attention when it comes to speaking, donald trump junior, governor later today, donald trump speaking sunday. some other names addressing the crowd of thousands from this weekend. you don't want to miss this. you can download the fox nation apps. neil: a big issue will be inflation. can it sustain as an issue what republicans are hoping for? the republicans are seizing on the notion that inflation will be an issue for the midterms. will it? >> i would tend to doubt it but i applaud the notion of getting back to bread and butter issues as opposed to these other things which i don't think have

a lot of residence for the middle part of america that has to live its everyday life. i was doing a little research. it was almost exactly 13 years ago this week that are gallon of gasoline cost the most ever cost, $4.11 a gallon and that did not end up being a decisive issue in the november election because there was a lot else that happened. i think the strength of the economy and ability of consumers to achieve their financial goals will be a key issue and the strength of the jobs market, the mismatch in labor supply and demand those are going to be lingering issues and inflation is part of that because we shutdown the economy, we are now opening up very quickly. whether it is labor or things we need to conduct manufacturing or at a hotel.

>> a strong economy or supply and demand, will the backdrop be a strong economy a year from now? >> that's a good question. not sure, we are both old enough to remember what the misery index is and the gop might have -- neil: speak for yourself. i remember lincoln's misery index. >> there's a chance that wage inflation has prevented a lot of smaller businesses from stay open and will act as a brake on economic growth. a repeat of what happened in 2004 when home prices and rental inflation were running crazy, that said into higher inflation all the way through

the end of 2005, and persistent high prices where it hit households the hardest then you could see the stagflation environment begin to emerge and that will be a huge weapon for republicans to use in the midterms. neil: nice talking to my older friends what life was like in this country. you spell that out very nicely. have a safe and wonderful weekend. this is the weekend that the first private citizen billionaire, richard branson, will take off to the heavens and beat jeff bezos by a few days but all this commercialization a good thing or a bad thing? are we taking the dangers of space travel a bit too lightly? ♪♪

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>> i always envisioned of kid the spaceship should look like this. >> he was envisioned this when you were a kid. >> 3 and a half thousand miles an hour and 8 seconds. >> 3008. >> it is going to be quite a ride. neil: it is supposed to go down, richard branson, the first billionaire in space in this case and urging others to follow a few days later jeff bezos will on a different vehicle. wildly different and looks at all but it is a time when both of these gentlemen are urging that there is a new world coming, new out of this world where every day folks come half a ride into space sooner than you think, cleat masterson -- clayton anderson did it the old-fashioned way, worked his butt off and went through all the rigmarole involving becoming a superhero which

astronauts are in my book. it is a question, i always tried to get you to rip this trend and you are always a gentleman showing great discretion but there's got to be a part of you that says i trained my butt off for this and these guys are slapping down some money and get a ride into space. what do you think? >> you are right, great to be back with you and i thought i was the first billionaire in space but i guess i messed up. it is tough for me in that i did work my butt off to do this but kudos to these guys to find a way to get into space. i'm envious of richard branson. he is going back to a place i love and has more hair so kudos to them. and i hope it all goes well. that is what is most important. neil: i just worry.

it is exciting that average americans by now if they commercialize this get a chance to see the heavens and stuff that only an elite few like yourself have, i get that and it is exciting but we are almost forgetting it is dangerous what you guys did and do. they are enormous risks. we are getting a little cavalier about it. that is a worry to me at least. >> it is possible. the way this is going on the way the media fonds over these type of ideas makes me have because it all has to go perfectly. if it goes perfectly that is great but statistics say overtime something bad is going to happen like apollo one and challenger and columbia. those are things we did not foresee and a bit us in the backside. i wish them godspeed. i don't want anything bad to

happen to them and i hope they do withstand the risk. neil: always good talking to you, clayton anderson, former astronaut. he has been up there and knows it very well. i don't want to be a debbie downer but a healthy appreciation of the risks of space travel. it is a gallant and noble cause to explore but know the risks. stay with us, you are watching foxbusiness. lucia. who announces her intentions even if no one's there. and sgt moore. who leaves room for her room. with usaa safepilot, when you drive safe... ...

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neil: all right, this is one of those days where the cdc, the fda they are all making multiple announcements today, a lot of them concern mask use and all of that the cdc is urging schools to welcome kids back, vaccinated or not, separately saying that if you vaccinate you don't have to worry about wearing a mask and if not you should wish one and i guess it relies on the honor system, how will that go down when the little kids see their friends not wearing one but lauren simonetti over all of this , using expertise as a great reporter and a mom, more importantly. lauren? what's going on? lauren: i think parents, neil, are going yes! finally the kids are back in school full file so the cdc and these updated guidelines says vaccinated teachers and students do not have to wear a mask in- class but the unvaccinated do , like you said it's the honor system, but it also means that every student under the age of

12 should mask up, and that's going to be confusing. in middle school where some kids are old enough to be vaccinated and others aren't, but these new guidelines show the agency admitting that students benefit from in-person learning. parents are lousy teachers, and they even encourage the school districts to make their own calls about what works best for them, and this is happening as three studies out of the uk find 99.995% of children infect ed with covid survived. it's positive news but it could actually be problematic for parents deciding whether to vaccinate their kids. there is no vaccine for children under the age of 12 but pfizer and moderna are could be conduct ing trials as i speak. pfizer is also developing a covid booster shot and will share clinical data next month. now this third shot is intended to target the delta variant specifically and also protection that happens six months after innoculation, but the cdc and the fda are saying not so fast.

here is their joint statement, " americans who have been fully vaccinated do not need a booster shot at this time." investors not letting that rain on their parade today. they expect substantial revenue coming from this booster market, and if you look at pfizer shares , yes like the rest of the market, they are higher today, neil. neil: you know, lauren, it's so good to have you back. you need that insight on stories like this because as a mom and you're worried kids back and all half vaccinated and not, you know, i don't know. lauren: it's going to be chaos, neil, but -- nucleus just take that as a given. lauren: the cdc is saying schools, these are guidelines we'll figure out what works best so your kid will wear on the school bus their mask probably and then, you know, if old enough, they can take it off if vaccinated. if not they wear it all day. i don't know but they are going to school full time, right? neil: yeah, i would wrap my kids in tarp, just to get them out of the house but that's a whole separate issue. lauren, thank you very very much

lauren simonetti, following all of the developments. i'm joking, but some days i feel like that. most days, organize, but we've got a lot going on here because if you think about it this whole covid situation and the spikes in cases we've seen particularly in asia, where it's a real problem, indonesia, malaysia, where they are reimposing restrictions and tokyo of course the site of the olympic games in a couple weeks there aren't any fans in the stands and the spike s in cases we're seeing here, very very small in the scheme of things, but it's again, an ongoing nagging worry especially with this new variant , whether it could compromise global growth. that was one of the reasons that we were, you know, seeing a bit of a sell-off yesterday. there were a lot of other reasons for that but this notion that are we out of the woods on this thing, gary kaltbaum joins us now, michelle schneider with us as well. michelle, if something goes very very wrong, on the progress we're making with covid, and these spikes in asia, really

gain traction. would it be a worry for the markets? you hope that, you know, obviously these cases are not leading to a spike in deaths or even serious cases. i want to stress that, but we are seeing spikes just the same, and for markets that have been sort of of the view that this is short-lived and everything is going okay, then what? >> well that's where we think that there's a concern, of course not just the unions and the whole country and the economic growth and the demand that we expect to explode from asia at some point, but also, obviously, from the market perspective; however, we do know so much more about covid even with these variants coming out, that it should be relatively, i won't say easy, but definitely amenable to deal with it with the rollout of more vaccine. they have been slow in getting the vaccine which is interesting considering they were at the

lead not too long ago, and so i would actually say, what's so great about the market is that the market already priced in the concerns and actually, as we're speaking today, it looks like a lot of the china stocks including the fxi, which is the etf of china is bouncing off these lows and could be actually bottoming out because we're very hopeful and optimistic that this can be dealt with, unless something hits us that's so bizarre at this point i would think that it'll be a slow process, but it'll actually get better. neil: on that notion, gary, she's quite right. if the markets were worried about any of these and of course we were thinking yesterday in the middle of that downdraft maybe they were starting to take it, you know, and realize maybe you should worry about it, but overall given the comeback today, overall given all of the market amples are in positive tart on the week and have resisted the inflation concerns, even the growing friction with china concerns, slowdown concerns,

they are ignore ignoring it as is the bond market and i'm wondering do you buy that? are the markets right about this >> i think as of this second, yes, but very selectively, i am so bullish on technology and the nasdaq right now, neil, just very strong and strong earnings to come. i'm not so sure about the opening up trade that we're talking about, even though they're having a strong day today. travel-related stocks have been in trouble. economically-sensitive stocks have been in trouble so i do think there's a little bit of that covid component and i read all of the news on covid around the globe. there's a lot of countries that have not vaccinated their people and that's a potential step going forward and there's always that one little word called " unknown" when you're dealing with something like this and i think markets have one eye open to what could go wrong. the good news is is major indices are a stones throw away

from the old highs, even the worst areas are only corrected, you know, seven, eight, nine, 10% which is normal correction, so i'm okay with the market right here, but as i stated, when it comes to technology and growth stocks right now, and as long as interest rates cooperate and i think they will, because master is doing his thing i think they are going to keep going into earnings. neil: do you think, michelle, that jerome powell should be reassure pointed to the fed, to head it up for another four years? we're getting close to that decision time for the president, what do you think? >> well i actually think just to sort of jump on what gary said, that he's doing as good a job as anyone could possibly do in a very very tough situation. he guides us through covid, he certainly has been keeping a steady hand even with the market and particularly the growth stocks making new highs, and so he also seems to be somewhat of a voice of reason when you listen to the other people in

the federal reserve as some become very hawkish and some become even more doveish, he sort of stays in the middle so at this point, i'm kind of root ing for him to stay. also i don't know if we can necessarily handle an upset of a whole new regime in the federal reserve given the tenuous situation like gary just said where we have some of the market really doing well, and others still struggling. we need this steady hand right here. neil: do you agree with that, gary? >> in order, i like root canal better than i like the fed and jerome powell and look again, i so worry that the printing of trillions of dollars and rigging interest rates down to zero has enabled massive leverage and debt in the system and i believe there's going to be an expiration date in the next year or two where the markets as well as the economy react to such. neil, we talk about it not

enough and we do talk about it. the amount of debt in the system is just gargantuan, and i know they think they are heros doing a great job of things but there's got to be heck to pay, economics 101 states the more debt you have, the more interest you have to pay and junk bond yields are at their all-time lows and i just think the distortions are out there and i hope i'm wrong about this whole thing. neil: all right i'll put you down as a maybe then on jerome powell, guys, don't wander too far because i want to address what's going on in technology stocks because to gary to your point they are very resistant to all of these efforts on the part of the administration today and congress, but that's for a little later. in the meantime want to bring you up-to-date right now on some moves on masks. you've heard about the back and fourth about allowing kids and teachers back to class, you've been vaccinated, you don't have to wear a mask. separately rand paul working on legislation to say you don't have to wear a mask on planes

anymore or buses or trains. good time to talk to ben veldenz a, of course the former spirit airlines ceo. ben, this push to stop wearing masks at airports, on planes, specifically, which was your bread and butter, what do you think of that? >> well, you know, neil, great to be with you again, by the way you know, i've been on a number of planes in the last couple of weeks, and most people are behaving. right now, the law is to wear them until september 13, wouldn't be the end of the world , i think, if we just let that date expire and let's go through the summer with people in the tight confines of the airplane wearing masks. that said, a lot of the issues that have happened on board the airplane is because of people not willing to wear the mask. we all saw all of the students kicked off the plane going to nassau and the plane was delayed for a week, right? and so i really think i would leave it up to what flight

attendants think. they're the ones who are potentially facing the risk of an unvaccinated person not wearing a mask. neil: they don't want it. they don't want to get rid of them just yet, that it's a threat not only to them, but to the fellow passengers. what do you think? >> well, i mean, they are on the front lines so i would always let front line people make the decision on what's best for them, so i would go with that and again, there's a sunset date on this of september 13. that's not that long from now. it's going to be, it's a busy summer. i can tell you from planes i've been on, airports are busy and flights are full, and yet, it's not that big a deal to put on the mask while you're there, knowing that it's coming to an end. it's not like we're going to be here forever. we know that date in the future, so let's just live with it, neil i can do that. neil: you know, and i know flight attendants and all get the bad press with just trying to deal with this , and a

lot of the unruly passengers like these kids were refusing to put on masks and delayed flights and some people are i think she knocked some teeth out of a flight attendant on one, but do you think that some in the airline industry over react? i remember particularly a case with parents who had a toddler, maybe two years old at-most refusing to put on her mask and the parents were saying put on the mask put on the mask, they kicked the whole family off the plane and i assume the plane was still on the ground but my point is -- >> [laughter] neil: you think that the industry over reacts. some flight attendants over react. >> well neil there's a practical issue here which is you have thousands of planes in the air with crews that, you know, are not, there's not supervisors on board, everything like that, so if you put a lot of discretion in that environment, what you end up is

with big inconsistencies and this didn't happen to me on this flight but it happened to me on that flight. simple rules like when you're on the plane you wear a mask are what airlines need or simple rules of if you're on the airplane you don't have to wear a mask, either one, but i think putting discretion and if it says you're two or over you have to have a mask then i don't think it gives the flight attendants the ability to do anything but react the way they've reacted, and when you put again, when businesses put discretion in the hands of disbursed employees that way, that tends to create more problems than if you have simple rules and you follow those rules right now, the federal rule is you wear a mask on board. i would agree with rand paul that i'm not sure that's the best rule right now, but it is the rule, so follow the rule. neil: your kids must have been perfectly behaved growing up. >> [laughter] neil: the way you're taking that stance. all right, ben always a pleasure

my friend thank you very very much. >> great to be with you, neil, safe flying out there this summer. neil: all right, thank you. we all have to calm down. we're following that also following the planned phasing of our troops in afghanistan, it's going to happen a lot sooner than the administration said by the end of august they will all be gone after 20 years, no american soldier will be in afghanistan, after this. >> ♪

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>> do you trust the taliban, mr. president, do you trust the taliban, sir? >> is that a serious question? >> it's absolutely a serious question, do you trust the taliban? >> that's a silly question. do i trust the taliban? no but i trust the capacity of the afghan military. neil: all right, so we shall see we are pulling out and it looks like the taliban is moving in here, and wasting very little time, even before we're formally set to leave entirely afghanistan after 20 years by the end of august. greg palkot has more from

afghanistan. greg? reporter: neil, we have been here for less than 24 hours but it doesn't take long to figure out the taliban offensive is dangerous and looming throughout the country. in fact, one of the spokespeople for the group today said they have 85% of the country. that's a wild exaggeration, the governments denied it but they are on the move. they seized another province in the western part of the country today as the afghan military continues to under perform some 300 more soldiers fled today into iran. how do people in kabul feel about it? take a look and take a listen to what we saw today. >> kabul 2021 is a relatively modern city, but there are fears here, about the taliban and concerns about the loss of u.s. support. >> everybody, every second, every minute, we live in fear. >> we live in fear. >> yeah, we live in fear. >> before we have the experience of these people, they are dangerous and now they are more dangerous than before.

>> this is something that happened suddenly in afghanistan , because of the withdrawal of the u.s. troops. reporter: a lot of people here, are expressing their concerns about the exit of u.s. troops especially the speed of the troops leaving including from the main air base, not far from here. neil, the first time i was in afghanistan for fox was 20 years ago. the taliban was running things, this was before 9/11. a lot of people here are worried we could see a very ugly return to that past. back to you. neil: i remember your coverage then, my friend, and your bravery. thank you very very much greg palkot, kabul, ending 20 years there, time to talk to lt. general jerry boykin the former department undersecretary of defense, former delta force commander let me give you advice folks, you do not mess with jerome powell it which is why he's remote so i can go ahead and ask him a couple of tough questions and he can't do anything, but it's always good

to see you, general, i appreciate it. how do you feel about this , pulling out now? the administration argues there comes a point where the afghan has to do this for themselves. do you think they can? >> i do not think they can, but that said, i think that we should have pulled the divisiona l front line combat infantry units out as soon as osama bin laden was killed. from my perspective, the hard part of the mission was done, but i also don't believe that we should do a complete total withdrawal at this stage. i think we need to keep a robust military advisory group in there , to continue working with the afghans, along with the security force there to protect the embassy in a multi- agency intelligence operation there so we know what's going on in the country.

neil: general, the view of many military commanders, both from this administration and prior ones, is that the taliban are moving fast, and could even take control in short order. do you agree with that? >> i agree, absolutely agree with it. i think you're going to see the taliban take over in a fairly short time with everything but kabul, and i think what you're going to do is have basically a government in exile, that being the exile being kabul and you'll have the taliban right back where they were in 2001 and they will be controlling most of the land areas in the nation there. that's just, look it's a tribal society, and we, as americans, thought we could go in there and get them to embrace a form of democracy that they were not ready for. they've never been ready for , and we further more, we started out helping them write a

constitution and the first words in that constitution was the islamic republic of afghanistan. well, that just shows how little we understand about that part of the world, about islam. what that meant was that it was going to be the law of the land, and so we haven't done them any favors in terms of helping them to understand and embrace a real representative government. neil: we're just the latest outside nation to realize that, of course the whole soviet union and now russia found out the same back in the 80s. i'm wondering, then, general, who fills that void. if russia tries again, china tries, iran, working through proxies, what do you envision? >> my great concern is china. people say okay, oh, good let china get in there and get bogged down. well, hold on. don't take the chinese haven't

gone to school on us, don't think the chinese haven't watched us and taken note of every mistake that we've made. furthermore we need to recognize that the chinese have a foothold in there already. the chinese have been supporting the taliban for a long time, providing them weapons and material and that type of thing and i think the chinese are smart enough to the to try and make that a chinese colony. i think what the chinese really want is they want the natural resources in there, particularly the uranium and lithium and gold and things like that so i think the chinese are smart enough to do this right. now, if they were to try and make this a really one of their colonial conquests, they are going to wind up in the same place that every other empire has. they are going to be bogged down and regret it. neil: there are a lot of very cynical views out there, general , about our departure but it was worth all of the fighting and blood shed, but i heard one

describe it, well, afghanistan was used as a base for taliban to launch attacks on us in the past 20 years, they didn't have that and they didn't do do it so is now the concern that given that traction and control of afghanistan, that they will? >> well, i think it's always a concern, and i've heard a lot of people express that, that for 20 years, we've not had another 9/11-type attack, and but look, the way i look at this is if they want to strike us, they are going to find another country that will let them marshall and do their planning and launch their operation and by the way pakistan be a perfect place, because there's very little difference when you get up into that border region there, very very little difference on either side of the border there so i think that if we really want to

be secure in terms of not allowing a terrorist organization to attack us again for one of those strongholds in there, if what we need to do is we need to have boots on the ground, and an inner agency, intelligence apparatus that will tell us when there is a threat. remember, for the intelligence community, the number one responsibility is called indications and warnings, that means telling you whether there's going to be another pearl harbor or 9/11 coming. neil: fair enough. general jerry boykin, thank you very much. very good seeing you again. >> good to see you, neil. neil: all right, in the meantime , back in this country, the quest to find labor, a lot of older workers are opting out, so good luck finding them, so how about rewarding the younger ones who are already there? i'm not talking just young, but teenagers. it's all the rage and it's working out quite nicely, wait until you hear my next guest,

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neil: you've already heard now that a lot of employees have had a devil of a time finding workers, especially with something that's been not as much reported. older workers who are opting out of the workforce, just don't want anything to do it, maybe don't want to retire or take it easy. nonetheless that leaves a lot of bosses in a pinch when looking for employees, maybe future managers themself. enter the founder and ceo of mount inspiration apparel, who decided to make some lemonade out of those employment lemons and hiring mary grace flattery be a general manager.

you might say he took a risk but it's working out very nicely here and it could be a trend. it's very good to have both of you with us. evans could you explain to me, first, how you look at mary grace to see all right, she's my secret weapon here. i don't need to look outside. i don't need to go, in fact i can't find all of the workers. what happened? how did this all go down? >> yeah, well, i say after five and a half years in business, i sort of developed a second nature at picking up on good workers and good working skills and from the second mary grace started with me, i just saw she had a knack not only for dealing with customers but for just see ing what needed to be done and every aspect of the business and it was quite in impressive. at the time i had a different general manager who since moved on and when that person moved on it was pretty much a no-brainer. i knew that rather than go

looking elsewhere i could take this young person and hopefully have them be with the company for a very long time, and teach them a lot as well, so yeah, it was just a really easy decision for me, with someone whose so intelligent and so capable, even at such a young age. neil: you're all of 19, mary grace, and i'm just wondering, how do some of the older workers feel with a 19-year-old boss? >> it can definitely be super challenging. i get some of that backlash from the , i'm older than you, i don't want to listen to you, but overall, i feel like we are a pretty young team as it is, and so with that, there are definitely more advantages to being such a young manager, just with having most of our team be similar age around me. neil: how do you deal with that when someone tells you look, kid , i've got ties older than

you. what do you say? >> in that scenario, i really like to use evans kind of as my go-to person and say i'm not really sure how to deal with this let's do it together just because there is so much backlash, sometimes, i do all i can on my own and then more than anything, i have evans as kind of my side kick to help me in those scenarios. neil: and what do you say when she has to deal with that kind of stuff? >> i was 19 once, and i was very fortunate to have a really great working experience, actually, through this summer camp called ymca camp in san diego, and i had a boss named tim, and an older counselor named adam, who were extremely positive role models for me, and i just think back to how if i

ever had trouble with older counselors and i would go to tim and/or adam, and they would sit us down and we would just have a conversation and hash things out as human beings. case in point, mary grace had a problem with our oldest employee , whose actually 65 so coming out of retirement to work for us part time a couple weeks ago and i said you know, let's not do this over slack or text message or even a phone call. let's sit down in person, and talk this out like human beings, and that's where i learned as a camp counselor way back in the day and that's what i do now and they ended up hugging at the end of that conversation, so you know, i'm a firm believer in one on one, or two on one human communication is extremely vital and 100% effective. neil: you know, i'm thinking of your success at 19, you're a manager. you're getting skillsets a lot younger and earlier than most

people. what have you learned? >> i've learned a lot of stuff, more than anything, i've just learned how to step into that leadership role and learned a lot of leadership skills. i feel like i've always had the personality and kind of those leadership traits throughout my life that are actually getting to put them to use in a scenario where i am covering employees from over like four locations altogether, that i've just really really learned how to communicate with them, and how to kind of learn each person's personality and really take that into consideration when managing them and overall, just learning how a team works inside and out and how to be the best manager that i can be by taking in all of those skills that i learn and also learning a lot from our employees as well and just constantly communicating with them and asking how i can do

better and letting them share experiences that they've really enjoyed or not enjoyed from past jobs has been something that's helped a lot too. neil: i've heard you're a very good listener and also that you work very hard and i kind of think that when you work harder than any other workers, it's sends a message. i'm not some goofy boss mailing it in. i'm really putting in a lot of sweat equity here. do you think that's important? >> yes, definitely. neil: is evans that way? i know he's your boss, but is he mailing it in or can you say he's a good boss? >> [laughter] i would say he's a very good boss. he's very very hands-on, i've worked with many small businesses kind of over the very few adult years of my life and have seen some of them be really really active in businesses and some of them be not active at all, and so having the owner and the founder be so involved and

working right there closely with me and also becoming like my best friend throughout all of this has really really helped have a good working relationship and have that boss mentor person there that i can also learn and take those same skills and pass them along. neil: you know it's very impressive, guys and i think evans assessment to you for trying something like this when others might not have taken the chance, on a teenager, it paid off in spades. you were brilliant about it and i think for you, mary, it says a lot maybe to other young people in the workforce, that you could do this too. you just got to work hard. you got to believe in yourself. it's clearly working out, but you know guys i'm not going to give any young people at fox a chance to try to do my job, so, there is a limit of understanding. best of luck to you, continued success. it's a great story. there are great stories going on just like that. we do have a lot of young people here, you notice that?

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neil: you know, this delta variant isn't a huge issue here but i've got to tell you, it is just rifling through asia, even parts of europe right now, all but shutting some countries down , and it is getting worse there. the latest from amy kellogg joins us now from milan, italy. hey, amy. reporter: hey, neil. well, yesterday, of course the big story was that the tokyo olympics is now barring

spectators altogether from attending any of the games and today, people are really talking about, neil, how some of these countries, which had really done remarkably well at the beginning , and keeping covid all but at bay are now simply getting knocked over by this delta variant, in places like thailand, perhaps, the biggest problem is that the vaccine rate is just in single-digits. in bangkok there has been incredible scenes of people waiting in lines overnight for free tests just so they can go back to work. some say they can barely afford to buy eggs, much less spend $80 to get covid test done privately now, in vietnam, which for the entire period of this pandemic, which by the way, has lasted about 500 days, there have only been 20,000 cases to date. now, they are seeing 1,000 new cases a day. ho chi min city and other locations are going into lockdown and finally down under

in australia, lockdown has been extended to a third week, which is taking its toll on people, who this time around, feel out of sync with other countries particularly in the west finally getting back to normal life. >> that's because those countries who got vaccination coverages for their adult population and in some cases down in the china population that is very different from our situation. reporter: now, europe is in a precarious place, neil. i mean, things are getting back to normal here. i hads arrived back in italy all i need to do is prove that i was vaccinated to skip any sort of lockdown or quarantine but it's a precarious situation, because in spain now, the cases have quadrupled in the last two weeks and this is just at a time when the european union has rolled out this green pass program so that people in european countries can jump one to the other over the summer and enjoy

vacation, so a very close eye now will have to be kept on what delta is doing here on the continent. neil? neil: startleing vaccination rates are so low. amy kellogg, great reporting, the whole vaccination things the united states we've had more than half the population that has been vaccinated or at least one dose, and the fact of the matter is, that is something that is much stronger than you're seeing abroad, as well as calls right now, that while a lot of people are saying the vaccines can handle these various variants including the delta one, the cdc nor the fda pushing for a booster shot to make sure it does, for now, stay with us.

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that building you're trying to buy, get 0.9% apr financing on the all 2021 lexus hybrid models. - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you see it. you want it. you ten-x it. it's that fast. if i could, i'd ten-x everything. like... uh... these salads. or these sandwiches... ten-x does the same thing, but with buildings. sweet. oh no, he wasn't... oh, actually... that looks pretty good. see it. want it. ten-x it. yum! neil: we are about a minute away from hearing the president of the united states. he's going to be talking about the measured rain in big tech big companies in general that have anti-competitive practices such as those that buyout other smaller companies to get rid of the competition. this as we're learning that the president has just spoken to vladimir putin about these ransomware attacks and that the u.s. will take any necessary

action. the president. >> it is not good morning, which my remarks say here. >> [laughter] >> good afternoon. we're in the midst of a historic economic recovery and because our successful vaccination program strategy has been working and the immediate relief through the american rescue plan has brought back our economy from the worst economic crisis in nearly a century, america's now on track. we're now on track for the highest economic growth in 40 years and one of the highest growth records on record. we designed our economic strategy to be durable to the ups and downs that come with recovery. there are ups and downs. that's why the american rescue plan was designed to help people not just all at once, but over the course of a full year, so we could continue supporting family , small businesses, state and local budgets, to help them

weather those ups and downs, and now that the economy is back on track for making progress, we're in the second phase of our strategy, ensuring long term growth. that's what my build back better agenda including my american's family plan and the bipartisan infrastructure agreement we reached last month, that's what they're all about, learn, but to keep our country moving, we have to take another step as well, and i know you're all tired of hearing me during the campaign and since i've been elected president, talk about it, and that's bringing fair competition back to the economy. that's why today i'm going to be signing shortly an executive order promoting competition, to lower prices, to increase wages, and to take another critical step toward an economy that works for everybody. the heart of american capitalism is a simple idea. open and fair competition. that means that if your companies want to win your

business, they have to go out and they have to up their game. better prices and services, new ideas and products, and the competition keeps the economy moving and keeps it growing. fair competition is why capital ism has been the world's greatest worse of prosperity and growth. by the same token, competitive economy means companies must do all they do, everything they do to compete for workers, offering higher wages, more flexible hours, better benefits, but what we seen over the past few decade s is less competition and more concentration that holds our economy back. we see it in big agriculture, in big tech in big pharma, the list goes on. rather than competing for consumers, they are consuming their competitors. rather than competing for workers, they're fining ways to gain the upper hand on labor

and too often, the government has actually made it harder for new companies to break in and compete. look at what that means for family budgets. take prescription drugs. just a handful of companies control the market for many biomedicines, giving them leverage over everyone else to charge whatever they want. as a result, americans pay 2.5 times more for prescription drugs than in any other leading country, and nearly one in four americans struggles to afford their medication. another example. hearing aids. right now if you need a hearing aid, you can't just walk into a pharmacy and pick one up over-the-counter. you have to get it from a doctor or a specialist. not only does that make getting hearing aids inconvenient, it makes them considerably more expense ever and it makes it harder for new companies to compete, innovate and sell hear ing aids at lower prices. as a result, a pair of hearing

aids can cost thousands of dollars. that's a big reason why just one in seven americans with hearing loss actually use a hearing aid. another example. internet services. there are more than 65 million americans live in a place with only one high speed internet provider. research shows when you have a limited internet operation you pay up to five times more on average than families in places with more choices. that's what a lack of competition does. it raises the prices you pay. that's not just consumers getting hurt. big ag is putting the squeeze on farmers. small and family farms, first- time farmers like veterans coming home and black and latino and indigenous farmers they are seeing price hikes for seed, log lopsided contracts, shrinking profits and growing debt. lack of competition hurts

workers as well. in many communities there are only a handful of employers left competing for workers. think of company towns across other parts of the country where one big corporation runs the show. when corporations have that kind of leverage over workers, it pushes down it pushes down advertised wages up to 17%. as competition decreases businesses don't feel the pressure to innovate, or invest in their workforce. that hurts working families and hurts our economy. all told, between rising prices and lowering wages, lack of competition cost the median american household $5,000 a year , but look. i'm a proud capitalist. i spent most of my career representing the corporate state of delaware. i know america can't succeed unless american business succeed

s. let me be very clear. capitalism without competition isn't capitalism. it's exploitation. without healthy competition, big players can change and charge whatever they want, and treat you however they want and for too many americans, that means accepting a bad deal for things that you can't go without, so, we know we've got a problem, a major problem, and we also have an incredible opportunity. we can bring back more competition to more of the country, helping entrepreneurs and small businesses get in the game, helping workers get a better deal, helping families save money every month. the good news is, we've done it before. nearly 1900s, president teddy roosevelt sow an economy dominated by standard oil and jp morgan's railroads and he took them on and he won and he

gave the little guy a fighting chance. decades later, during the great depression, his cousin franklin roosevelt saw a wave of corporate mergers that wiped outscores of small business, crushing competition and innovation, so he ramped up anti-trust enforcement, eight- fold in just two years, saving families billions in today's dollars, and helping set the course for sustained economic growth after world war ii. he also called for an economic bill of rights including "the right of every businessman, large and small, to trade in an atmosphere of freedom, from unfair competition, and domination by monopolies." between them, the two roosevelts established american tradition, and an anti-trust tradition and it's how we ensure that our economy isn't about people working for capitalism. it's about capitalism working for people, but overtime we've lost the fundamental american idea that true capitalism

depends on fair and open competition. fort it years ago we chose the wrong path, in my view, following the misguided philosophy of people like robert borke, and pullback on enforcing the laws to promote competition. we are now 40 years into the experiment of letting giant corporations accumulate more and more power and what have we gotten from it? less growth, weakened investment , fewer small businesses. too many americans who feel left behind, too many people who are poor than their parents. i believe the experiment failed. we have to get back to an economy and grow from the bottom up and the middle out the executive order i'm soon going to be signing commits the federal government to full and aggressive enforcement or anti-trust laws. no more tolerance for abusive actions by monopolies. no more bad mergers that lead to

mass layoffs, higher prices, fewer options for workers and consumers alike. my executive order includes 72 specific actions. i expect the federal agencies and they know this , [laughter] to help restore competition so that we have lower prices, higher wages, more money, more options, and more convenience for the american people. today, i want to focus on three specific actions. first, the fda, the food and drug administration. you're going to work with states and tribes to safely import prescription drugs from canada. that's just one of many actions in the executive order that will lower prescription drug prices. second. the fda is going to issue rules so that hearing aids can be sold over-the-counter. that's something the last administration was supposed to have done but didn't do. we're going to get it done.

after these rules go into effect a pair of hearing aids can cost hundreds of dollars, not thousands, and to be able to pick them up at your local drug store. third, we're going to improve competition for workers. i've talked a lot about non- compete agreements, contracts that say you can't take another job in your field even if you get a better deal. i made a speech, i was just with my staff back in 2018, at the brookings institution, where i talked about the non-compete clauses that were just, i found, to be absolutely ridiculous but how prevalent they were throughout industries. at least one in three businesses require their workers to sign a non-compete agreement. these aren't just pay-paid executives or signs of whole secret formulas for coca cola so pepsi can't get their hands-on it. a recent study found one in five workers without a college

education is subject to non- compete agreements. construction workers, hotel workers, disproportionately, women and women of color. think of the 26-year-old employee at a company. she's a star worker, but she isn't being treated right, she's underpaid, passed over for promotions and the competitor across the street knows it, wants to bring her in at a higher wage but she can't do it. charles: thank you very much, neil, good afternoon, i'm charles payne this is "making money" and breaking right now president biden announcing a slew of executive orders targeting an array of technology, healthcare, railroad s you name it so far, the markets not worried. the question though is should it be i'll ask nancy tengler coming up plus i'll get her reaction on the politicization at the federal reserve, and what it means for your money and what a difference a day makes, a monster rebound right now, that actually began in the