black or brown hair? answer? 90%. could have seen that a mile off. people who flatter themselves like me who believe their hair is silvery gray we are in the minority. i wish i had more silvery gray hair but i don't. neil cavuto. he has got some hair. it is yours, neil. neil: most viewers think it is a toupee. it would be a very lousy one if that were the case. i think you look as my dad said very extinguished. we to with the flow. stuart: i will take it. thank you. neil: you and me both. thank you my friend. we're looking at same markets stuart and crew have been looking at. we're very focused on the infrastructure matter here. this is procedure they want to get by that.

they may not get by that. rush of democrats and republicans, not so fast. chad pergram on capitol hill. what are we looking at today? reporter: good afternoon, neil. there are make it or break it days on infrastructure and there are make it or break it days on infrastructure. today is the latter. expect a procedural vote 2:30 eastern time to break the filibuster to start the debate on bipartisan bill. they need 60 yeas. democrats are ready. >> time is a wasting. we have a lot of work to do. they have had two months to work on this. i know they put in hours and hours but it reach as point where it needs to come to the floor of the senate. reporter: but the gop says hold the phone. >> these discussions have yet to conclude. there is no outcome yet. certainly nothing nothing on which to vote. reporter: senate majority leader chuck schumer says they're close enough to proceed so here is the math.

democrats need to stick together and coax 10 gop senators to vote yes. we expect today's vote to fail. then democrats could forge ahead with their own infrastructure bill. >> bill on reconciliation a nothing but a massive multtry trillion dollar tax hike bill. they want to raise taxes in a way that would move more middle class jobs overseas. that is horrible policy. right now the good news is they don't have the votes. reporter: schumer intends to approve the bipartisan bill and democrats bill before lawmakers leave town sometime in august. neil? neil: chad, real quickly, is it me or planes like backing up at laguardia here? debt ceiling is hanging over their heads and all the stuff that goes along with that. will they get all this accomplished or something has to give, right? reporter: i have a crystal ball. it is well-tuned. people are pretty suspect about

the august recess. here is the schedule. the senate is supposed to be per the book first session first week in august. the house is not. looking we'll probably be here a couple weeks in august or the house and senate toggle back and forth. one is here, one is not. back and forth as they bounce bills back and forth. they will probably attach the increase on the debt ceiling do that with 51 votes via the budget reconciliation process. that is the process the democrats are going to use pass their own infrastructure bill, do it alone. do it themselves not with republicans. they will probably do the heavy lift. do that sometime probably end of july, first of august. we've getten questionable timing when they absolutely have to raise the debt ceiling. janet yellen said she hoped they would do it before they leave in august. we're really told the end of this would be about mid-october. they probably have a bit of time in august to deal with the debt ceiling. that's why the alarms are not sounding too much right now about that issue in particular

here on capitol hill. neil: got it, chad, thank you very, very much. want to go to congressman chuck fleishmann, the tennessee congressman. congressman, in your gut, do you think we'll get the only the infrastructure package that had significant amount of bipartisan support. even today this looks dicey? >> i don't think so. this is purposeful failure on part of the democrats. they will not get the 60 votes they need to reach cloture on a bill that is actually reasonable. i don't think the democrats want a reasonable vote. they want a 4 trillion-dollar bill not only inappropriate in terms of defining infrastructure but it is bloated. it is amnesty. it is green new deal, it is everything plus. it is very sad. the american people really need to understand, neil, this budget reconciliation process a crammed

down way for the democrats to get around the filibuster, to give the american people a bill, that is bloated, that is wrong, that is too expensive that really, really needs to be rejected. neil: so can you help me out with this congressman? even if the senate were to come to some sort of a agreement on this it is not a given nancy pelosi would take it up unless it includes, you know, similar hammering out of this 3 1/2 trillion dollar so-called humanitarian infrastructure package. even if there is, continues to bipartisan support on infrastructure only measure. she might not address it in the house at all. you guys might not be able to vote on that? >> well if the senate does what i'm afraid they may do through budget reconciliation, avoid the filibuster with a liberal cram-down of $4 trillion of bloated infrastructure i hope we don't take it up in the house, the real danger, god forbid the

house would pass it. pelosi is good at one thing, discipline. they con have to the majority, pass bills in the house bad for america with a very slim five, six vote majority. i hope we don't get to that position. she knows how to twist arms and get that done. if they come through with this bloated non-infrastructure bill to say the least, it will be bad for america. i'm suggesting we get back to the basics, define infrastructure as a third-grader can do it, roads, bridges, broadband, common sense definitions that the american people can get behind and basically say we want a infrastructure bill that is about infrastructure. neil: all right. we'll watch it closely. congressman fleishmann, thank you very, very much. now again if there were a panic moment for wall street you wouldn't know it looking at the dow, the s&p or the nasdaq with

everything else going so well. earns a lot better than forecast. some companies telegraphing boom times. united airlines among them, johnson & johnson. i could go on but allow my next guest to sort of expand on this a little bit. erin gibbs, luke lloyd back with us. erin, take a look first at what is driving the market comeback. we made up all losses a couple days ago thus far. i'm wondering whether they're sort of resetting their big picture look that, every time you doubted this market or this has been a fall-off you've been richly rewarded if you don't give up on it? it happened again. eventually that might not work but it has been a pretty good method of that. how do you think it is playing out? >> you know this is a very short covid fear day that panicked investors. i think a lot of investors didn't understand the positive

implications of lower oil prices even if it hurts the sectors, but once that information was fully digested investors were willing to come back in. ultimately they see the long term growth in the u.s. i'm sure we will have the panic days. there will be more ahead but it takes a couple days for the fear to ride out to see the bigger picture. neil: how do you look at this yourself, luke? i look at people like billionaire investor leon cooperman, it is not a rich market given low interest rates and pick up from the pandemic. he likes it, how about you? >> talk about the delta variant, i said a couple days ago that was temporary concern and the market believes that as well. 80% of adults are vaccinated. that includes the 50% number and children are not at risk when it comes to covid-19. i think that was an excuse to sell off a little bit. all we've done the past

year-and-a-half is go straight up. valuations we're definitely stretched. we're at dot-com valuations right now. because of the stimulus over the past year-and-a-half because of peoples pockets or indirectly with the infrastructure spending. we have a strong reopening of the economy. 93% of the economy is reopened right now. people are out and about spending money. at the same time we have new money coming in. we see the meme stocks, amc, people never trade the market, or thought bin vesting it they're pumping money into the markets increasing valuations. this is not a normal year, neil, 2021 is far from it. we typically have 12, 13% corrections any given year. we have only 4% correction top to bottom. i think we'll land in the middle. seven or 8% correction. 4400 on the s&p 500 that is where you should unload your ammo. neil: wow.

you say unload -- >> dry powder. 5 to 7% cash on sidelines. closer to 4,000 or 4100, start buying the dip even harder than you are now. neil: erin, let me ask you a little bit factors some companies can't control even reporting stronger-than-expected sales. i mentioned the chip shortage only because daimler did again because it could drag on longer than thought, maybe well into next year, maybe beyond that. expects to see mercedes sales impacted. not because there are not interested boyars but because it can't deliver the cars. is that a worry to you? >> this is the consumer area as well as the industrial, they have been hit a the hardest with the supply chain issues and backups, increased prices and costs they can't pass on to consumeers. when we look three to four

quarters out it looks like it will be resolved. some industries easier to source materials, raw material and agricultural, those have played out and come up to almost normalcy and it certainly looks like on track within two quarters have these flushed out but again it will be dependent what other countries are doing, how they're handling the virus and whether they come back up to speed. it is concerning but looks like a temporary, three, six, nine months issue and the american consumer is pushing that full steam ahead. neil: you know, guys, i would like to get your take on this infrastructure negotiating going on in washington. negotiating might be a generous term but, luke, it seems to me like two of these measures are sort of joined at you know eye-popping hip here when it comes to just sheer monies involved. whether it is the one trillion dollars infrastructure only package or the 3 1/2 trillion

that progressives want to push on top of that, let's say neither happens. let's say they have just burn on the vine here. we don't get either core infrastructure or any of this stuff democrats have been pushing in this larger measure, i think up to now the markets are counting on at least that core infrastructure package. if they get nothing, what will their reaction be? >> i think it will have a short-term impact, negative impact but the long term i think it is beneficial. the thing is i don't have a chris tall ball. the first guest said they had a crystal ball. i don't have a crystal ball. i do know democrats love to spend money. i think we'll get at least the trillion dollars moving forward. the market doesn't like inflation and doesn't like taxes, right? we have to pay for the infrastructure spending somehow. that way through higher taxes the next three or four years. so in my opinion i hope we don't get the infrastructure spending. it will go towards all kinds of

ridiculous, inefficient things like government spending always does, right? we need to keep in mind what actually is probably going to happen. we'll get some infrastructure spending. market likes that in the short term. we are going to pay for it the next three or four years, whether inflation through definitely through our tax dollars because we fund all of that. neil: you know you would flip it around too, erin, real quickly, we don't get the spending, we don't get tax hikes to pay for that spending right? if it looks like tax hikes of any sort are put off until next year how would that be digested? >> certainly a positive. really when you look at the estimates right now, even for companies that wouldn't specifically intentionally benefit from the various infrastructure packages that have been thrown out there, it is very difficult for analysts to count on them, really build into their company's business profiles because it is so unsure. really we have a lot of economists that are discussing the benefits. it is not a lot of

wall streeters discussing benefits down to the company level. so it is still being very theoretical. so i don't see wall street really reacting until we have a plan where we figure out who it will hit, who it will hit the hardest particularly with taxes. so if either one of these plans don't come through, wall street is going to be able to do just fine as we go, particularly if they don't have increased tax hikes. otherwise there will be a little jostling as any new information has to get processed how we have to do business. neil: got it. guys, stick around. i appreciate your insight. because i want to talk to you too about companies that reported their guidance, not only beating estimates. most of them are getting pretty bullish guidance, not across the board but i do want to explore that with you what that could mean down the road. we got a lot more coming up including what is happening right now with the olympics, 48 hours away. now indications from the guy in charge of the tokyo olympics,

they could still be possibly canceled. say what? after this. ♪. ♪ ♪ with cutting-edge tech, world-class interiors, and peerless design... their only competition is each other. the incomparable mercedes-benz suvs. extraordinary runs in the family. visit your local mercedes-benz dealer today for exceptional lease and financing offers.

only 6% of us retail businesses have a black owner. that needs to change. so, i did something. i created a black business accelerator at amazon. and now we have a program that's dedicated to making tomorrow a better day for black businesses. ♪ ♪ i am tiffany. and this is just the beginning. ♪ ♪

♪ ♪ when technology is easier to use... ♪ barriers don't stand a chance. ♪ that's why we'll stop at nothing to deliver our technology as-a-service. ♪

(announcer) back pain hurts. you can spend thousands and still not get relief. as-a-service. now there's aerotrainer by golo. you can stretch and strengthen your core, relieve back pain, and tone your entire body. (man) and you're stretching your lower back on there. there is no better feeling. (announcer) do planks for maximum core and total body conditioning. (woman) aerotrainer makes me want to work out. look at me. it works, 100%. (announcer) find out more at aerotrainer.com. that's aerotrainer.com.

♪. neil: you know it seems inconceivable, only couple days to go before the opening ceremonies of the olympics. the possibility they could be outright shelved, canceled because of a spike in cases there. concerns about athletes the world over who have tested positive or their staffs have for the virus, in the case of some australian athletes, quarantined because they were exposed to those who were and are. so where is all of this going on top of all the other spikes in cases stories you've been hearing about, restrictions in places like indonesia, australia, well you heard them all, right? go to lauren simonetti following all of that. lauren. lauren: could the olympics be canceled? t-minus two days before the opening ceremonies. 70 covid cases and the bubble

they created it is not working. 1800 new infections. organizers say the games could be canceled for the second year in a row. 29 million japanese are fully vaccinated. that is not a quarter of the population. in france, four in 10 are vaccinated. the number is rising as the government mandates health passes. that is proof of vaccination. recent covid test or immunity. needed to go to restaurants, museums, theaters or take public transportation. it's a tough you love. it is the way to increase the vaccination rate against the variants but thousands of french citizens were not having it. they protested in the streets this weekend. they call the health passes government overreach. at home, one shot johnson & johnson vaccine administered to 13 million americans, once again coming under fire from a nyu study. it is much less effective against the delta variant which is responsible for 83% of cases

in the u.s. virologists say a booster shot may be needed. j&j says its vaccine is highly protective against severe dedisease or hospitalization. the bottom line is, 16 months in the tug-of-war between the vaccine and the variants has become a main street and a wall street story. on the latter, look at the companies reporting recently, coca-cola, united. they say the recovery intact despite the delta variant. neil? neil: we shall see, lauren, thank you very, very much. should you be worried about this, not from an investment perspective but a health issue. let's ask dr. devi nampiaparampil. the spikes got people alarmed, what is happening to people abroad, hope it is remote they could can he will the olympics itself, could this feed on itself? >> what do you see happening? >> i get worried more because of

the management than the virus itself. the virus is dangerous, especially to people who are immunocompromised, who have certain risk factors. others, you know, some people are kind of sporadically randomly can be at risk but the management is more concerning because what we look at a public health perspective, people are considering either masks or vaccines as the solutions both as mandates, right? we see a lot, a lot of resistance on both fronts to both those solutions but what i find strange in terms of point of view or a management strategy, that we don't talk about the treatments more because we actually have treatments that is fda approved. full fda approval in terms of remdesivir. we have other treatments, the monoclonal antibodies that seem to be effective in terms of managing the sick, things that work in terms of hospitalizations and preventing deaths. so let's say in terms of my daily practice seeing patients,

when i see patients of course my population is more sick. so i encourage them to get the vaccine and some people, most of the people actually have already had the vaccine, the ones that haven't, this is what happens on one-on-one interaction. some people have some resistance. i don't push them because it doesn't take much to make a person feel uncomfortable. if they feel uncomfortable they don't necessarily want to come back to have this negative interaction. i kind of feel like well they come back to me if they have a problem or they come forward, you know, go get health if they have a problem. if you push people too much, they may not want to come forward they may feel stigmatized for being unvacs -- unvaccinated or the potential illness could spread or they have complications because they are more at risk. we should focus on getting people treatment they need. this could balloon out as a

bigger problem the way we're approaching it. neil: i get that way with doctors that tell me to lose weight, doctor. i never return to them. that is whole separate issue but i am wondering, doctor, what do you make of this threat and how bad or risky it is about the folks hearing about the spikes? obviously 98, 99% are among those who have not been vaccinated but it has changed the vaccination numbers, i think it will but i suspect it probably won't. then what? >> two different things. what does the spike mean? just because cases are going up doesn't mean much. cases would go up among the unvaccinated. they don't have protection from the vaccine. doesn't mean they're sicker. we have to think about what are our actual measures. this is the same problem we have over a year, hospitalizations and deaths make more of a difference because what you want to do is prevent serious illness, not asymptomatic or

mild illness. people get sick that is part of life with any kind of virus or illness. and then the second thing how are we measuring someone is sick? there is always problems with the testing. right now even in terms of asia what they're looking at is someone testing positive? there are all different tests. some look at, they're more sensitive, whether you have even a tiny amount of virus on you, we don't do that for normal testing for people pre-covid, just regular testing. people can have all kinds of viruses bacterias, they're carrying on their skin, on their body, we have all kinds of bacteria in our gut. we're colonized by all kinds of pathogens we walk around with this symbiotic relationship. that is not an effective strategy to figure out if somebody is infected or not. we're using that as measure of spikes in cases. i don't think that is the appropriate way to look at this in the first place. then we're using that data to

make decisions about managing the country. it doesn't, it doesn't follow i think. neil: yeah. we easily panic i guess, doctor. people are panicking. we'll see how it sorts out. i hope it does sort out. doctor very good seeing you again. when we come back, move over, west palm beach, florida, there is a new hot real estate market in town where it is not physically that hot. billings, montana, yeah, billings, montana. that city's mayor after this. ♪. there's an america we build and one we explore. one that's been paved and one that's forever wild.

but freedom means you don't have to choose just one adventure. you get both. introducing the wildly civilized all-new 3-row jeep grand cherokee l i'm so glad you're ok, sgt. houston. this is sam with usaa. do you see the tow truck? yes, thank you, that was fast. sgt. houston never expected this to happen. or that her grandpa's dog tags would be left behind. but that one call got her a tow and rental... ...paid her claim... ...and we even pulled a few strings. making it easy to make things right: that's what we're made for. usaa. what you're made of, we're made for.

get a quote today. that building you're trying to sell, usaa. what you're made of, we're made for. - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. if i could, i'd ten-x everything. like a coffee run... don't just sell it. ten-x it.

hi, verizon launched the first 5g network, and now we want to be the first to give everyone the joy of 5g by giving every customer a new 5g phone, on us, aha! old customers. new customers. families. businesses.

in-laws. law firms. every customer. new 5g phones when you trade in your old ones. and if you're not a customer, we'll help cover the cost to switch. just ask wanda. she's been with us since... (gasps)... now. upgrade your phone. upgrade your network. ♪. neil: you know united airlines was out with some very bullish news today, one of the reasons

why the stock is up almost 4%. despite the variant, all the concerns and doubts around it, the company is very optimistic, high load factors are going to be a constant, will build demand right through this year and next year. one of the reasons why the stock is up. united is one of the carriers buying a whole bunch of jets from boeing, airbus, even buying a deposit on some of these, you know, supersonic jets, that rival the concord of the '70s, '80s. they see something there. electric planes, not just hybrids models. like the route for the push for electric vehicles like automobiles. lydia hu following the fast-moving developments in san francisco. hey, lydia. reporter: neil, that united acquisition of those electric planes you mentioned there, they plan to acquire 100 of them but that is still a few years in the

making. we don't expect to see those in caring passengers in five years or more because they have to go to a process proving to the faa that they are airworthy. what is expected to come to the market much sooner is this. i want you to check this out. this is a hybrid electric autonomous cargo carrier, by elroy air. they say it will transform how packages reach you at home, they can bring, transport the packages in the cargo carrier, carrying 500 pounds, to go from warehouse to warehouse, short term trips. it operates much like a helicopter, it does not need a runway to take off. it can lift off and land. that it will shave days off the transport time. they say pilots can operate these remotely developing flight plans and supervising as they go through the air. watch this. >> this is an amazing moment

when we can actually build a system like this. we couldn't have done this 10 years ago. the u.s. can be first to do this. so the rules are changing to keep up with this new technological development. reporter: now these hybrid aircraft have a range of about 300 miles. they will be fuel efficient in that way but they're also developing a fully electric model they say is years in the making. neil. neil: so lydia, just to be clear, maybe it didn't pierce my thick skull here, is this for just package delivery or eventually human flying? what are they saying? reporter: this particular aircraft is strictly for cargo delivery. it is really, utility be able to see it used more. e-commerce delivery, it has uses for military and also humanitarian aid relief. helping to transport materials and packages when conditions are really difficult when people need medical supplies and water, food aid, things of that nature.

neil: lydia, got it. thank you very much for that. want to go back to erin gibbs and luke lloyd back with us. incumbent on all of this, you think about it guys, luke, i will start with you on this, the notion that the economy is coming back, when you invest in this sort of technology and buying supersonic jets you're taking a bet we're past this pandemic and when i hear united talking that way in the near term and the rest of next year, that is a pretty bullish commitment. what do you make of it? >> that is what you call free-market capitalism, neil. that is what makes america so great. the innovation factor of all these companies. it is amazing what we can do these days. i wouldn't be surprised the next five or 10 years if you didn't have hybrid airplanes or aircraft delivering your packages. i wouldn't be surprised if amazon bought them all up and did that. that is their growth area. commercial aircraft, i think that is decades away.

you weren't referencing i think that is long ways away. with electric cars we can barely get 300 miles without a recharge. can you imagine getting a plane off the ground that weighs 50 times, heavier than a plane. tesla as randomly catch fire. you can't have a fire in the air. this is bullish for the stock market and innovation for these companies. united a airlines is a stock we own, that we like. we just doubled down on it a couple days ago. economy reopening, people are traveling, spending money. it is great. neil: i kind of agree, luke, i don't know if i would be the first to volunteer on all electric passenger jet. i would sate to see how the process unfolds. erin, united is one of the many companies in the recent earnings spate, bullish forecast or guidances you braniacs like to call it. funny, boeing, mentioning that

thing, seeing things picking up. very optimistic they pick up. johnson & johnson, this goes past the whole vaccine stuff. just the outlook for the sale of all types of drugs going forward. so looking at just guidance, forget about the better than expected, you know, profit and revenue numbers like revenues we saw out of ibm that blew away most estimates what do you think of what they're saying? >> overall it's positive so we're still obviously very early in the reporting season. we don't have a lot of guidance but besides companies for this quarter, we're looking at guidance the second half of this year it actually has gone up about 1% for each quarter for the s&p 500 overall. so that is pretty good because normally when companies really beat estimates in the current quarter you generally see the next quarter drop. they revise it down, we've done so good this quarter, we'll not do so great next quarter.

this is really different. yeah we blew the numbers out this quarter. we'll also doing really well flex quarter and even the quarter after that. that is positive and definitely a different trend we've been seeing in wall street for this year. neil: real quickly i want to pick your brains, guys, if you don't mind what will happen to jerome powell? i think it could be a market moving development either way. but let's say, luke, he is not reappointed, there is some headwinds even if he were, getting through the elizabeth warrens and some republicans not big fans of his policies, how would the market respond if he is not the guy? >> honestly i don't think it matters who is in the office or who is appointed neil, whether it is jerome powell or somebody else. i think the fed needs to raise rates in 2022. i don't think the markets, that 7, 8%, top to bottom, i don't think we'll get that full 12%

correction we normally have, that could come from the hike in 2022 from interest rates. stocks don't like that in short term. stocks are inflation hedge in the long term. i really don't think it matters. i think that inflation is hot. we can't, undeniably hot. everyone sees it, right? the thing about inflation when prices rise they rarely ever drop after they rise. they only drop in a deflationary environment. right now there is so much demand. people want to get out. they want to travel. they want to spend their money. they don't care how much money they're spending right now. inflation is here to stay. i think we'll get the interest rate hike in 2022. neil: interesting. you know i'm older than you guys, erin, if i can beg this, i never seen inflation be transer to. i see recessions be brief. latest one, couple months, three months tops, but i don't know about inflation. we factor toed that in. it could be stubborn coming off a weak period. everything will be spiking in

that interim. i don't know in this case whether it magically goes away in a few months as the treasury secretary said. that it sticks around for a while. what do you say. >> we're not saying it will go away in a few months. we're waiting for people to come back to full employment with the benefits that will end in september. people say this will be another three to six months but three to six months is a transitory period. we're not continuing to expect this constant rate of inflation going forward for the next 12 months. neil: what if it does, erin? what if it does, what if that consensus, you're quite right people are pointing to that rough time frame? what if they're wrong, it drags on longer? >> i think there are a lot of fundamentals that point not being happening. we've already seen that in the agricultural space. a lot of this was purely based on supply chain commodities. as soon as they have been

available, resumed to business, that has gone away. so i really do see that once people come back to employment, i think a lot of inflation is because we were so depressed in the past year. that is one reason you can see it is different from many other years. we were so completely depressed with economic activity the prior year but a lot of the inflation that we're seeing is simply pent-up demand. once that starts to flesh out. it will take a good six months. so i'm still on the fence that very much a supply side transitory type of inflation. neil: got it. want to thank you very, very much. erin, final word on that. luke lloyd always good getting your expertise, my friend. as these guys were wrap wrapping up want to pass along a comment. canada wants to reopen the border to make americans get through. apparently it is not a two-way highway right now. we're learning the united states is going to extend mexico and border travel restrictions right

through at least august 21st. canada is welcoming us. i think it is their way of saying, the u.s.'s way of saying we're not necessarily going to welcome them. ouch. after this. only pay for what you need. oh um, doug can we talk about something other than work, it's the weekend. yeah, yeah. [ squawk ] hot dog or... chicken? [ squawk ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

i always wanted to know more about my grandfather. he...was a hardworking man who came to new york from puerto rico when he was 17. with ancestry, being able to put the pieces of the puzzle together... ...it's amazing. it's honestly amazing.

♪. neil: you know you think the hot housing market, you think, i don't know, palm beach, florida. you might think of silicon valley where the homes are way overpriced anyway in california but you don't think bill links, links -- billings, montana, do you or some cities we're showing, rapid city, south dakota or for the wayne, indiana. what it is about billings that gets top billing? the mayor joins us. you must be very proud but not surprised. what is it about your town that did this? >> neil, great to be with you.

you have to put us in a larger context. we're part of a national trend, no doubt about it, motivating people to move to smaller cities. three factors drive that. one on the top of the list covid-19. 600,000 people have died. family members, including a family member of mine. we had this terrible, sad tragedy but one of the benefits people hit the refresh button on their own priorities. i think they have seen that family, friends, community, other intangibles like that risen to the top, come out on top. i used to live in new york city a number of years. i love new york. it is my favorite city by far. it is difficult in a large city, connect with others, relax to enjoy some simpler things. also politics. we're coming out of 2/20. it was a brutal election cycle. we're seeing a shift from the coast to places people feel more

comfortable politically and culturally. sadly i expect that will contribute to our continued division in our country, not just politically but now on geographic lines. lastly economics. some people lost their jobs. but it was the shortest recession on history. so a lot of people still have the financial capability to make moves. neil: i wonder what some of your residents fear? when you get top billing like this, no pun intended here, i'm sure the locals say, oh gosh, here comes all the new yorkers. they're coming over here and they will lift up our prices and make affordability in question. what do you tell them? they might not welcome these new players. >> well that's right. i got one of those emails yesterday as a matter of fact. any place -- neil: i'm sure you did. >> probably not the last one but in order to have a thriving economy, you have to have new

blood. billings does, we have been blessed to have a good fundamentals. we're the largest city in montana. we're located in the high plains on the yellowstone river, an hour north of bear tooth mountains which are the northern boundary for yellowstone national park and we have a very strong diversified economy. health care is very strong, agriculture, our roots. our oil and gas industry. we have a great retail sector that attracts people from 500 miles around. if we want to keep that diversified economy we need to welcome new people and we do. neil: you do. in spades. i've been to billings a couple of times. it is beautiful but really beautiful, mayor at night. what you can see so many stars. in new york city metropolitan area, that is pretty difficult. not trashing the new york area, live in the new york area, that sky at night in your town, that is what sells it. thank you again, mayor.

congratulations. >> well thank you, very much. great to be with you. come back out, visit us again, neil. neil: all right. you got it. a guy from palm beach, florida, will call you very angry. we'll see what happens. we have a lot more coming up, including a maybe weird read out of the white house when it comes to fossil fuels, clamping down in this country but pretty open to it in other countries, particularly germany. i will explain after this. gold. your strategic advantage. ♪ when i was young ♪ no-no-no-no-no please please no. ♪ i never needed anyone. ♪ front desk. yes, hello... i'm so... please hold. ♪ those days are done. ♪

i got you. ♪ all by yourself. ♪ go with us and find millions of flexible options. all in our app. expedia. it matters who you travel with. it's a wishlist on wheels. a choice that requires no explanation. it's where safe and daring seamlessly intersect. it's understated, yet over-delivers. it is truly the mercedes-benz of sports sedans. visit your local mercedes-benz dealer today for exceptional lease and financing offers.

♪. reporter: welcome back to "coast to coast." i'm edward lawrence at the white house. an agreement between the u.s. and germany will allow the nord stream two pipeline basically go from russia to germany. "the wall street journal" reporting that announcement could come as early as today but calls into the question the energy policy for the administration. i want to look at something. this is the gas prices from last year to right now, gas prices increased 44%. to $3.16 a gallon. the u.s. is moving away from energy independence according to some energy groups i talked to about. listen to this keystone pipeline worker who said he has had no prospects in the last six months. listen to this. >> i got to build my children a

future that i want them to have, you have a president comes in goes to knocking people, knocking their families. there is hundreds and hundreds and hundreds of families that in man has aced. reporter: president biden green-lighted the pipeline between russia and germany. it has been under construction since 2012. the two previous administrations opposed it. here is the issue. it doubled the amount of exports of natural gas from russia to germany. last week the president tried to express his concern about russia weaponizing it but allowed it to be finished. you can see, add in the fact that germany is closing in their nuclear plants. closing coal pipeline plants. this is how they will get a greater percentage of their natural gas. neil, i tell you that gives russia an advantage some republicans are saying in the future when it comes to natural gas. back to you. neil: edward, thank you. now to daniel turner, power the future founder and ceo.

he is trying to find a way past the politicization about all of that. i don't know how that is working. you hear the argument, we're open to germany doing its fossil fuel thing but not us. what do you make of that? >> the criteria for canceling keystone was the environmental impact, right? which in itself incorrect because pipelines are the greenest, safest way to transport fossil fuels period, the gas coming, oil coming from canada is still arriving. it has been arriving for decades, except it is arriving via railroad car or via truck. the criteria for canceling keystone is the environmental impact. where is the concern of the environmental impact this pipeline, for nord stream two? do we really think the russians have the same concerns from the environment that an american or canadian pipeline would have? there is absolutely no logic in this decision. it is pure politics. neil: you think of natural gas, not exactly a very sloppy or polluting type of energy

alternative here. i'm all for all-in on all types of energy. i don't believe closing one off in favoring another. can want we be all in on everything? >> i love all above energy solution. where renewables work, i don't oppose them. my organization, power the future, doesn't oppose them. renewables are made by fossil fuels. that is the biggest lie. alexandria ocasio-cortez around bernie sanders we'll get rid of fossil fuels or go green? you have to make a lot of coal to melt the lucite. we have tons of materials. we will not use less fossil fuels. we'll burn use them differently f you burn fossil fuels to make solar panels why can't you use it for electricity? look at storms in texas a few months ago? my own california, great state, where you are now, new york city telling people to shut down the

electricity because the grid can't compete. this is totally illogical. this is politics, it is not science. neil: be open on all, no matter where it comes from. well-said, daniel turner, the dow industrials racing along 250 points. including energy firms. we'll have more on that. ...

keeping your oyster business growing has you swamped. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.

neil: all right, it is a make or break day in washington d.c., for infrastructure. welcome back everybody i'm neil cavuto and fox on top of what is going to happen to just the bipartisan infrastructure deal. you know, when i was first exploring this i needed hillary vaughn to set me straight. i thought they were voting on the thing. this is a vote on debating the thing, and moving forward with this , but it's such a drama right now that even that looks in doubt. hillary, update us. where does this stand? reporter: exactly, neil. they can't even agree to get on the bill to debate the bill. this is not a motion to vote on the actual bill and pass it, but the group of gop senators that are negotiating this bipartisan hard infrastructure package are confident that they can get a deal by the end of the weekend. they penned a letter this afternoon to leader chuck schumer telling him they will be able to support a vote to move forward to debate the bill on monday, but not today, and that is exactly what leader schumer wants because he made it clear

this afternoon, he is still holding that test vote to move forward on debate in the senate this afternoon anyway. >> if senators agree to adopt the motion to proceed, the bipartisan group of senators will have many opportunities to make their agreement the base of the bill. even if they need a few more days to finalize the language. reporter: schumer wants republicans to vote on a shell bill and fill in the gaps later but republicans today saying no deal. they need the details. there's 600 billion in new spending they need to come up for a way to pay for it. i asked senator joe manchin whose deeply involved today if republicans and democrats are at an impasse on this and he joked to me saying they aren't at an impasse. they just haven't figured out how to pay for it yet. there's still two major sticking points on the pay fors but the white house is communicating with them what money is available and what money is off the table. republicans are trying to pay for this with no new tax hikes on individuals or corporations. democrats don't want to pay for this with a gap tax or a

user fee, so at this moment, the bill is still unwritten, the pay fors have not been agreed to and republicans aretoc is doomed to fail. >> so obviously if the democrat leader tries to force a closure vote on a bill that does not exist, it will fail. around here, we typically write the bills before we vote on them that's the customs. of course, here in the senate, a failed vote does not mean no forever. reporter: not mean no forever, neil, which leaves a lot of people wondering why schumer is moving forward with this motion today, regardless of zero gop support for it, and one thought behind it is that this is a way to kind of appease some of the progressives in the house that have been very antsy and chomping at the bit to ditch this bipartisan effort entirely

and just move forward with the reconciliation effort and fold in hard infrastructure into that. neil? neil: you know, hillary, it's a dumb question on my part but you handle them so easily. [laughter] i'm curious, when republicans agree and put their bipartisan stamp on this , they had to agree that something that was written, could have been cliff notes or broad parameters but everyone seems roughly on that same page, so when they say we don't have anything that's written, what did they agree to? reporter: there's an outline, even the democrats haven't seen the fully-written package. i talked with manchin today and he said he gets why republican senators are annoyed and don't want to file a motion to debate something that is unwritten. they need the details, they need the score and while there has been an outline of goals, things they want to spend money on, and ideas at how to pay for it, when they work out those details, sometimes the math doesn't add

up. they think they are going to get a certain amount from things like ramping up irs enforcement and then it doesn't ultimately add up and contribute that amount of money at the end. neil? neil: all right got it, because that's $100 billion the democrat s are looking for they have to find $100 billion somewhere else, what a mess. hillary thank you very very much for that let's go to douglas the former congressional budget office director. one thing that makes me nervous about doug is he does understand math. money in, money out. >> [laughter] neil: it's a valuable intelligent feature to have in life, to know numbers, so doug, i want to tap that part of your fine brain, to get a sense of where this fine mess is going, because now, the excuse is, nothings written, no one has any clear indication how it's all paid for , so republicans are saying then how could we proceed if we don't know any of that? so where do you think this goes? >> i think it goes nowhere today. republicans are not going to

vote for something that's not yet written. they claim they will continue to negotiate and that they are confident they can come to an agreement between the republicans and the democrat s, and they are hoping and it's up to the majority leader that schumer will give them another chance to take this next week. that's the game plan as it stands, but that's pretty merky outlook, as it goes , neil. neil: you know what else is a little weird, just because the senate does one thing doesn't mean the house has to follow suit, which is kind of reverse logic but we hear that nancy pelosi, she doesn't want these two joined at the hip, that is roughly $1 trillion infrastructure-only package and the $3.5 trillion much more expensive progressive-favored $3.5 trillion human infrastructure package, but that she won't entertain one that leaves the senate sorting out the other. that's like, you know, a risky game of 21 monte here so what

happens then? >> well, i think she's been very clear. she said that if she gets the bipartisan deal, nothing happens on it until the reconciliation bill is drafted and passed through the house and the senate, so sure, they might -- neil: but that's going to take a long time. you're never going to get that anytime soon so there's no infrastructure. >> i completely agree. at this point, there's not great prospects for this turning into law. it might be an agreement in the senate. i think that's why you hear house democrats on the progressive wing saying hey, just scrap this. we're going to have to do a reconciliation bill. it's going to take time. let's put it all in that one bill and just get going on that, and you're increasingly hearing that sentiment come out of the house. neil: you know, doug, one last thing i want to leave you with. i'm wondering because we're showing the markets that have been racing up through all of this , a couple days ago notwithstanding on fears of the pandemic, but i suspect part of this might have to do with if spending is delayed certainly

those tax hikes are delayed so as things stand now, do you think tax hikes have a chance at coming to pass this year? >> i do. i think in the end, we are going to see a reconciliation bill. it's almost inconceivable that newly-elected president wouldn't get some part of his campaign platform enacted into law so democrats will ultimately coalesce around some version of tax hikes and spending on hard infrastructure plus the human infrastructure, they may not get the 3.5 trillion or 6 trillion or whatever number they prefer but they will get something and get their center piece of raising the corporate tax rate. neil: all right, we will like to see , so finally i guess that old rich will pay their fair share. it's an ever-moving target, douglas, thank you very very much. >> thank you. neil: i should say i think thank doug for that but he's got a good read, let's go to the owner

and president of molson landing and brewing and some of the things they have talked about and discussed including extended jobless benefit, tax credits and the like, some are blaming on the labor supply shortage that we're seeing right now, because a lot of folks are fine getting some of the federal aid there and not everyone agrees with that but it's a big issue for him. brendan, very good to have you because you're having a devil of a time finding workers aren't you? >> yeah, hi, neil thanks very much for having me. it's great to be here. neil: thank you. >> that's really what we're dealing with, with not just our industry but the area around us and related industry, its been a pretty big ripple effect for all of us. neil: you know i was reading a little bit, you're far from a sk impy boss though, very generous with offers and incentives to get people to come and they're not coming. why do they tell you they're not interested, if anyone shows interest, and it's few and far

between. >> very few have responded, usually what we've done in the past is we've gone on to indeed or the help wanted sites and we've posted on social media that we have availabilities for work and usually in the past , there's several that people apply for seasonal, we are open year around but for the most part we are seasonal and usually, around may and june is when we start hiring everyone for the summer. we haven't had anyone even look at the sites, they have analytic s to show you whose clicked on the site and you know , people respond on social media and we haven't gotten anyone, so we tried different tactics. neil: not a single person? not a single person? >> well we had a couple people look, and when we reached out to them, we never heard anything back, so i don't know if they went somewhere else or whatever happened, but no one responded on social media, and in the two months that we paid to have the job site, you know, the post ings listed i think we had maybe three in two months.

neil: what are you offering them i hear you've been very generous and even with that, no interest. >> i mean, we're offering competitive salaries for the kitchen, for bartending. bartending we're having not as hard of a time finding people , mostly college kids come home and they want to work and make some money before they go back-to-school, but what we are looking for is for year around employment mostly in the kitchen it's right now pretty much a one man show back there and we're open seven days a week, so i want to give him some time off, but we're offering competitive salaries for the area depending on your resume and what you bring to the table, we'll kind of dictate what your salary is. neil: wow, you have some great stuff and it doesn't sound like you're changing your hours or times but people might have to deal with a little bit of a longer wait and they feel, your customers feel it's worth it, but you do have to wonder how long that can continue. keep us posted, brendan, and best of luck. >> will do. thank you. neil: all right, in the meantime

, another worry is what's happening with the virus right now, the world health organization out with a warning, there is a wave coming, and it is unstoppable. the only question is how big of a wave and how many nations will have to deal with it, including japan, where the tokyo olympics could still, still be canceled. i know that seems unthinkable but that's not coming from me. that's coming from the guy in charge of it, after this. >> ♪ that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty. and twice as fast.

if i could, i'd ten-x everything. like a coffee run... or fedora shopping. talk to your broker. ten-x does the same thing, - but with buildings. - so no more waiting. sfx: ding! see how easy...? don't just sell it. ten-x it.

we love our new apartment. plenty of parking, big closets- there's too much pressure in the bathroom. hey... good luck with the future in-laws tonight. don't overthink it. but don't underthink it. don't talk about your cover band. don't talk about your fantasy team. don't talk about your cats. you're gonna do great! at least geico makes bundling our renters and car insurance easy. we do save a lot of money. oh no no no... oh boy... where are you going for dinner? 1987? for bundling made easy, go to geico.com. it's a wishlist on wheels. a choice that requires goi no explanation.987? it's where safe and daring seamlessly intersect.

it's understated, yet over-delivers. it is truly the mercedes-benz of sports sedans. visit your local mercedes-benz dealer today for exceptional lease and financing offers. in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. (announcer) the core is key to losing weight, getting back in shape, and feeling good. introducing the aero trainer, designed to strengthen your core, flatten your stomach, and relieve stress

and back pain. it conforms to your body and increases muscle activity. abs, back, obliques, hips, and glutes. get incredible results in just five to ten minutes a day. the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. neil: who said what? the world health organization now warning that there's a new wave of the virus coming. it's unstoppable, could even disrupt the tokyo games. greg palkot has more from france greg what's going on here? reporter: hey, neil. yeah, there are two days to go until the opening ceremony, and the entire world is watching very nervously what's now being branded the pandemic games. more covid-19 cases reported today, all told some 79 athletes

are infected and some including americans didn't even make it out of their home country and despite a range of health security measures in place, neil , for the thousands involved , you're right. w. h. o. boss today said it is ill possible to eliminate the risk from covid and another olympic official said some health efforts are breaking down this as covid cases are soaring in tokyo, where there's a state of emergency, where the majority of people are opposed to the games, even though no spectators are allowed, there is the fear this thing could become a super spreader event. at this point though, neil, i'm sure you and your viewers know the billions of dollars riding on these games. most experts say they will go on our superb women's soccer team was involved in a pre-ceremony opening match with sweden today, and lost 3-0. that is not a good sign but everyone crossing their fingers. back to you. neil: all right, thank you, my friend very very much, greg palkot following all of that. let's get the read on where all

of this is going with matt napolitano, he's our 24/7 sports anchor, fox news headlines on top of all of these developments. you know, matt, it's interesting to me because now even more japanese businesses led by toyota are saying we won't over do this , not only are our executives not going to attend the games or at least be in the stands but we're cutting back on our domestic advertising this is getting pretty serious. >> yeah, neil, the big concern right now in japan is just over this covid surge. the public sentiment is very much mixed and that's what really led to toyota and a lot of other big name companies to bow out in terms of marketing. they are really worried these games may not happen. it was a couple days ago we heard from the ceo of the tokyo 2020 olympic committee who said this could happen and there could be an 11th hour cancellation which leaves these games to never be played despite already being delayed by a year. there's definitely a real worry about the spread of covid-19 and

its already happened within olympic staff and within the olympic village that's causing a lot of concern for the athletes as well as people they are monitoring this entire situation neil: so where are people telling you this is going? i mean, obviously, i'm clearly wondering if japan is going to make any of this investment back on all of these games are delay ed a year anyway from the pandemic. who would have guessed that these concerns would still be there a year later. sounds like you're going to lose a lot of money. >> yeah, between advertisers and the fact that you're not having spectators at any of these events, the olympic village is very limited what they can do in terms of exiting for athletes. there's very little for tokyo to capitalize on other than publicity to hope that maybe it creates some kind of buzz for going down the line and future safer travel that's the only thing they can rely on because frankly, they are taking a significant hit in the infrastructure they had to rebuild and the stadiums that had to be revitalized and had to be built in order for the games to take place.

it's not looking good for the bottom line here. neil: all right, thanks for keeping us updated now i want to pick your brain on this , the closer well get to the olympics as i can't imagine they would cancel them at this last second, matt napolitano, fox news headlines 24/7 sports anchor. when we come back we told you about the mayor is very very happy and right now he has the hottest housing market in the country. wonder how some people in florida feel about that because that is sort of leading the roost here, hot housing markets probably the best realtor and real estate expert in the sunshine state, with what she thinks about what this says about the sunshine state, 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. yep... everything hurts. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

neil: all right, you hear a lot of housing experts tell us the housing boom is on but it's not as on as it was. now of course, keep in mind here that this latest mortgage application dip we've been see ing came as rates were higher than they are right now, and they since tumbled, given the volatility of the last couple of weeks, so to put that in perspective, if you're going to blame higher rates for the slow down you have to keep in mind they're lower now than where they were, but having said all of that, there has been a big run-up in real estate activity particularly states like florida and others that have seen double-digit booms in activity overall, we were talking a little earlier with bill cole, the builtings, montana mayor, that city growing disproportion at interest for being a new hotspot. is all of this coming at the expense of places like florida, let's go to katrina campus,

luxury real estate specialist. katrina, is florida beginning to lose some of its fizzle? how would you explain it? >> i think the dip that you're seeing and it's a slight dip. i think it's really important to also note that it's a slight dip but i think it's because there's very little inventory in the market, so buyers are becoming frustrated. buyers are out there and they need product. a perfect example we're seeing a lot of builder confidence and developer confidence, one of the biggest developers related for instance just launched a project and they are already 30% sold and they just launched. this is indicative of the fact that it's a strong market, there's buyers out there, they want product, they need product. a lot of buyers that i'm working with quite frankly are very frustrated because they aren't finding the product that they are looking for , so i think we did see a dip in applications for refinancing, that's one thing that we did see a dip in but i think that's simply because it's the summertime and we also have to note that the rest of the story is that it's still closest to the

highest levels that we experienced in may 2021, so i think also because it's summertime, people are taking some time with their family and so fourth but i have not noticed any slow down here in florida i have to say, neil. neil: you know, you and i chat ted about it last time but i'm curious, katrina, what the impact of that surfside condo collapse has been, particularly on condo buildings and the like. it's very popular and very very hot for a while, they might still be. i just want to get an update from you what the impact has been. >> we discussed this last time, neil and i'm still experiencing the same, meaning that people no longer want to be in old buildings which has increased the demand for newer product. even people vacationing here ask me for recommendations on where they should stay, and the first thing out of their mouth is we don't want an old hotel. we don't want an old condo building, so it's very much --

neil: what is old to them, the 40 year or over building or what? >> a building that's over 20 years old to them and even when you get to the 15 year mark, they begin to ask me questions like what are the regulations, now they are asking these questions that i've never heard of before. so i would say people are looking for very new product, now as a result of that in the condo market which is why these developers are doing very well that are launching new product, but you know, i thought initially, neil, that that would just be a knee jerk reaction but it seems like it's kind of still settling with people, you know, and they are very uneasy about these older buildings. neil: but it is still a supply issue, whether you're talking high rises or to the single family homes that does seem to be the issue here, and there are a lot of homeowners who are not putting their homes on the market. why is that? >> well it is a supply issue. it's an immense supply issue, there's very little inventory

and sellers even though they can get top dollar for their properties, their question to me is well where am i going to go and it's also really important to note that remember where they purchase, the tax bracket changes for that particular property as well, so i think we just need more inventory in the market. i'm seeing this country-wide, but specifically in florida, we need more inventory. we need more product, we need newer product, people want things that are new, they don't want the maintenance, they want instant gratification that's another thing i'm seeing in the market is people just want it done at this point. i think the newer product is going to continue to do very well and builders should come out and build. builder confidence is strong right now and it should continue neil: turnkey ready, as they say , right? i don't want to do anything. i want the place to be move-in ready to rumble, all right thank you very very much. >> thanks, neil. neil: thank you, katrina. want to go to charlie gasparino right now. he's been following what's been going on with this sort of bipartisan push to reign in tech

but it's what the administration is doing that bears watching here. what do you have for us? charlie: and appointing tech haters to major position positions we know lina khan who is academic against big tech particularly amazon she wrote a treatus called the amazon paradox that basically says amazon is the worst thing indiana the world and needs to be broken up and another major critic of tech has been appointed to a very important position, in the biden administration that's jonathan k anter, as doj' anti-trust teach. now we should point out that this deployment is likely to start and reignite the war between google and the administration. the administration started in the trump adminitration. there's a major doj anti-trust lawsuit against google. we should point out that kanter has been a long time critic of google and unlike lina khan, who was essentially an academic, he was paid by clients.

he represented microsoft and represented yelp, who sued for google or called for google in the case of yelp, so this will come up during his confirmation hearings and what we're understanding is this. the biden administration wants mr. kanter to stay on the case. this is one of the most important cases. it is weighing right now whether to get a waiver, to make an official waiver because often , if you're conflicted out, and former attorney general barr was conflicted out of certain cases, as i recall back in the day, might have been the at&t time-warner case because he was either on the board or represented people in private practice, you usually recuse yourself. from what i understand, as of now, they want mr. kanter to stay on this case, and what they're talking about internally is some sort of a waiver to allow him to stay on the case. now if they go the waiver route, obviously, that's going to be opposed by google. they are going to do the same thing that amazon is doing right

now in terms of lina khan. remember, there's suits against amazon, including trying to block amazon from buying mgm. they want lina khan as the head of the ftc to basically be out of that ruling to recuse herself from the ftc ruling on that, on the purchase of mgm which she signaled she's opposing on anti-trust grounds, and i think what you're going to get out of google at least that's what we're hearing is the same thing here, asking mr. kanter, asking the court to essentially take mr. kanter out of the case and it's going to be a very interesting thing if that happens it's going to obviously be a hugely controversial move to keep him on the case because he obviously has been paid to go after google in the past and it's a little different than lina khan. again she was an academic, so we'll see what happens, but the headline here is the biden administration, from what we understand, fox business has spoken to numerous sources in the anti-trust world particularly lawyers that

represent companies and talk to dodge anti-trust that they are planning or at least talking about and leaning heavily towards some sort of a waiver, so mr. kanter can work on the case, and then it's going to be, you know, battle royale in the courts over his participation, neil, back to you neil: all right, charlie gasparino, thank you very very much, my friend. ben and jerry's usually doesn't enter much criticism, people love the ice cream and all of that but when it decided to nix selling its ice cream in israeli occupied territories, well let's just say a food fight started and it ain't over, after this. >> ♪

♪ ♪ experience, hyper performance that takes you further. at the lexus golden opportunity sales event. get 0.9% apr financing on the all 2021 lexus hybrid models. experience amazing. ♪ all by yourself.♪ - oh. - what? rain. cancel and stay? done. go with us and get millions of felixble booking options.

expedia. it matters who you travel with. ♪ ♪ when technology is easier to use... ♪ barriers don't stand a chance. ♪ that's why we'll stop at nothing to deliver our technology as-a-service. ♪ to deliver our technology as-a-service. hi, verizon launched the first 5g network, and now we want to be the first to give everyone the joy of 5g by giving every customer a new 5g phone, on us, aha! old customers. new customers. families. businesses. in-laws. law firms. every customer. new 5g phones when you trade in your old ones. and if you're not a customer, we'll help cover the cost to switch. just ask wanda. she's been with us since... (gasps)... now. upgrade your phone. upgrade your network.

♪♪ ♪♪ ready to simplify life with diabetes? get started today with a free 30-day omnipod dash trial. go to omnipod.com/free for risk information, instructions for use, and free trial terms and conditions. consult your healthcare provider before starting on omnipod. simplify diabetes. simplify life. omnipod.

neil: well, if you'd know anything about trey yingst, he's like a war correspondent based in jerusalem so he's covered his share of horror stories but i don't think he envisioned that ben & jerry's and the controversy over them pulling ice cream from israeli occupied territories in the area would cause such a kerfuffel, but indeed it has, in jerusalem with the latest on that. trey? reporter: neil it has i've got the inside scoop for you. the controversial decision has really drawn reactions from across the region and the world. we saw israel's foreign minister say yesterday the decision was disgraceful and fans of the ice cream are saying they plan to boycott future purchases. now, we were at the ben and jerry's factory in central

israel yesterday where the owner told us he's actually refusing to comply with this new mandate by the corporation in the united states to stop selling ice cream in areas that are considered occupied by the israeli government. now the corporation behind ben and jerry's responded by deciding not to renew his license. >> this factory alone produces around 50,000 cartons of ice cream every day. at the end of 2022, they will have to cease operations after receiving a letter from ben and jerry's corporate in the united states. it will leave 160 people here in central israel out of a job. >> this is what they do. they are proud with the product and the brand. i don't know what to tell you. i don't know what explanation i can give you. reporter: ben and jerry's is known for having some strong

political opinions on their website. you'll find blog posts about everything from cannabis legalization to prison reform, alongside, of course, their new ice cream flavors. neil? neil: you know, i'm just wondering the impact on and this is a small percentage of global sales through parent uni lever, is there any budging on the company's part on this that we know of? reporter: we're actually learning a lot about internal disagreements regarding the ice cream wars that erupted earlier this week, the board released a statement saying they didn't approve the wording of the release that happened overnight so it's this back and forth we're seeing inside versus the corporation and ben and jerry's which historically is known as this vermont-based ice cream maker started out as a mom and pop shop so we could see them backtrack on the statement not to sell ice cream in east jerusalem but as it stands now that factory

will have to close at the end of next year. neil? neil: trey the only thing i'm pleased with is that you've advanced from one of the best war correspondents to my area of expertise, food, so hooray, young man, so keep me posted on these skillsets you're developing, trey yingst, following all of that in jerusalem. can you believe that? speaking of food, want to bring you up-to-date with what's going on with taco bell. it's not something that's going to bring people to war, or anything like that, but it's pretty thorny, i'll explain, after this.

that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty. and twice as fast. if i could, i'd ten-x everything. like a coffee run... or fedora shopping. talk to your broker.

ten-x does the same thing, - but with buildings. - so no more waiting. sfx: ding! see how easy...? don't just sell it. ten-x it.

so... i know you and george were struggling with the possibility of having to move. how's that going? well... we found a way to make bathing safer with a kohler walk-in bath. it has the lowest step-in of any bath. it has handrails, a wide door, and textured surfaces. so it gives you peace of mind. and you would love the heated backrest - and the whirlpool jets - and the bubblemassage.

and, it was installed quickly and conveniently by a kohler-certified installer. a kohler- authorized dealer walked us through every step in the process and made us feel completely comfortable in our home. and, yes, it's affordable. looking good, george! we just want to spend as much time as possible, in our home and with our grandkids. they're going to be here any minute for our weekly spa day. ooh, that bubblemassage! have fun! stay in the home and life you've built for years to come. call 1-800-986-5068 to receive fifteen-hundred dollars off your kohler walk-in bath. and take advantage of our special offer of no payments for eighteen months. neil: boy, this shortage of everything is really bothering everyone, right? taco bell, the latest it's not a chip shortage that has them worried just a general ingredient shortage right now, haven't said whether that will correspond to higher prices, but for some customers, you might have to sort of rearrange your menu items here but we'll keep an eye on that, also keeping an

eye on what's happening with scores of price drops dealing with all sorts of things from spot shortages in key commoditieses that they use, to just plain old inflation, the price of almost everything going up. gerri willis following all of that from new york, hey, gerri. gerri: hey, neil that's right. you've got that absolutely right restaurants have been dealing with rising wages, a shrinking labor pool, and now, rising food prices, in fact for the first time in the 54-year history of the consumer price index, prices has risen 2% or more for three consecutive months, very tough situation for restaurant like scott broccoli, secondly, what prices are you seeing rise, thanks for hosting us. >> thanks for being here i think the biggest issue right now has been the beef costs. its really doubled. things we were getting in for $8 or $10 a pound is $16 or $20 a pound. we just can't have it on the menu and expect our clients

to all of a sudden pay double for a product overnight. gerri: ribs are high, chicken is high. >> chicken is through the roof as well these chicken wings cost ed about $1.79 a pound and they are close to $5 a pound and they are coming off the menu as soon as we finish we've taken ribs off the menu. gerri: you're not going to have chicken thighs? >> chicken wings we will not have, no. it just doesn't make a lot of sense. again do you want to go anywhere and pay $20 for half a dozen chicken wings? gerri: it's also vegetables, oil run me through this , because the price spikes are amazing. >> for instance red bell papers are about 2x from where they were, we're working trying not to use things like that and taken chiefers off the menu, they are a staple in so many different things and they are three or four times the price so we don't bother using them, f ryer oil has become a nightmare, it's stable around $ 23 for a 5-gallon jug and it's

now 50 from coast to coast we've searched for different alternatives haven't been able to find anything we're just stuck paying double right now. gerri: you mentioned even simple things like the little plastic cups you put ketchup in are impossible to come by and if you do get them the prices are high. >> you just can't get them, we're going from vendor-to- vendor to see if anybody has a stock and they just don't. i don't know if they are sitting on a container somewhere not making it to the warehouses but yeah, a soufflet cup, which we put our ketchup in, we like to call them in the industry a kid 's cup, because we put little tops on them, can't get them so we have to find alternatives to make it work right now. gerri: let's talk about what you're doing to combat inflation is there anything you can do with these prices speaking? >> first things first is take things off the menu that don't fit like the steak and ribs and certain chicken items and certain produce items as well, if it doesn't work you just got to get rid of it for the time being. gerri: and you're raising prices of course and we're seeing this actually all over the

country. >> yeah, you know the first move is to take it off the menu if you can't take it off the menu and it's plausible to raise your price 10, 15, in some cases 20% i feel like our clients will digest that but i don't think a double will be met with much degree of likeness. gerri: just quickly i want to ask you this question because we were talking about this. you're even having trouble right now getting food through the front door. there are shortages, there aren't enough truck drivers, what the are you seeing? >> yes, the vendors that we have doing deliveries, three to five times a week, now, in some cases once a week, twice a week and then a lot of cases we're expecting delivery overnight. we order on a monday, deliver on a tuesday, that's not happening. they are taking sometimes two and three days just to get us the product, and again talking to those companies, it's a shortage of drivers, they don't have the manpower or the bodies , the power in order to just make the deliveries, in

one case, one company was telling me that 170 trucks and only 90 drivers. gerri: that just doesn't work. so we're see seeing kinds of pressures on restaurants like scott all over the country and we've seen prices and menus go up pretty dramatically as well, neil. as i send it back to you i just want to say, there could be light at the end of the tunnel coming in september when those extra federal unemployment benefit dollars go away, and they are hoping they get more people in the front door to work , so many pressures we'll be watching for better days for restaurants, neil back to you. neil: yeah, they richly deserve that gerri thank you very much and scott as well. this really does put the focus back on this whole idea that inflation and some of these higher prices will be transitory , that doesn't seem to be anything transitory or fleet ing about all of this , with john lonsky, daniel dmartin

o booth and danielle that is real inflation and something that has real traction for the time being and for guys like scott the restaurant manager, it's fact and it's sticking around. is that the kind of stuff you think that the fed is missing? >> well i think that the federal reserve officials have been trying to kind of skirt some of their comments of late and say well maybe transitory is going to last a year which certainly defies the definition of transitory which you think be something fairly quick in passing but no these problems have become entrenched and of all sources bloomberg economics ran an analysis last week that show ed in the 26 states that have exited those extra $300 a week and especially the gig contract worker, 1099 workers who never paid into the unemployment insurance program who were covered by these emergency benefits, you've seen a material divide open up between the unemployment claims in the states that have gone ahead an exited and the states that will stick around in those programs through september 6, so we are seeing

relief and we know that we're going to have millions of workers pouring back into the labor pool by the time labor day rolls around. that's good news, but it certainly doesn't help people like the restaurants who was just interviewed because he's having to do things as dramatic as taking things off his menu. neil: but you know, that in itself is kind of telling, right , john? there are ways to try to beat this or at least digest this , no pun intended, by shifting let's say away from chicken wings which have rocketed in price to chicken thighs, what have you. i don't know that will mitigate the blow, but we're already see ing consumers do that as well at grocery stores, you know, shifting to other less expensive items to deal with this , so how do you think this sorts out? >> well, neil, that was a great segment on price inflation and how pervasive its becoming. my impression is that we have yet to see these price hikes reflected by the cpi component,

so that news is going to get worse going forward. i don't think this is a problem that is going to go away any time soon. we simply have a situation where demand is outrunning supply in a fashion that we maybe haven't seen since probably 1981, 1980. the inflation problem will linger and as you noted, consumers are going to respond in kind. consumers are going to cut back on their unit purchases of items that soared in price, and in fact, there's, last week we had a report on retail sales. everybody said oh, great, up six -tenths of a percent. that's only a nominal increase, six-tenths of a percent. the st. louis fed and their database, they show that after inflation, real retail sales for the month of june were down four-tenths of a percent from

the previous month. more inflation, lower, slower real gdp growth. neil: that's the fear that it feeds on itself, danielle, we're just learning right now, this is a report coming out of bloomberg news, reuters as well, that jerome powell, apparently has broad support among top white house aid, for another fed term. do you see anything getting in the way of his being reassure pointed? >> well, you know, neil, there had been this kind of divide in the rhetoric between the white house and janet yellen, and janet yellen had been his chief proponent when there were others within the biden administration who were saying we're really not sure yet, so what we can assume from hearing these headlines hit is that janet yellen has done her job in the background of selling the president and the administration on the mariah carey merits of the continuity factor of keeping jay powell in office and how the lack of

disruption in terms of changing potentially contentious senate confirmation hearings and what have you. i think what you're seeing is the need for stability to come through at the beginning of the year, his term ends january 31 and i think that this administration has already seen enough volatility that they don't want to create another disrupted event that's going to upset the economy or the financial markets. that be my takeaway, neil. neil: got it real quickly, then, john the same subject. he can be reappointed. it doesn't mean that the senate will go along with that. elizabeth warren and others are not big fans of his. what do you see happening even if he is reappointed? >> i'm getting back to inflation, and this faster-than- expected price inflation can be blamed, in part , on a very accommodative monetary policy. lately the money supply has been growing at a rate that is much faster than its highest rates of

the inflationary 1970s. if inflation becomes a headache politically, there's a fall guy out there and that fall guy's name is jerome powell. neil: all right, depending on the timing of all of this , this could be just a couple months away we'll get a read on that guys i want to thank you very much, the dow 253 points right now but not a worry, right now. more after this. ♪ ♪ with cutting-edge tech, world-class interiors, and peerless design... their only competition is each other. . . for exceptional lease and financing offers. as i observe investors balance risk and reward, i see one element securing portfolios, time after time.

gold. your strategic advantage.

new projects means new project managers. you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. claim your seventy five dollar credit, when you post your first job at indeed.com/home. ♪.

neil: you know a lot of people talk about helping our vets. but because my buddy charles payne is an air force veteran himself he has never forgotten that brave crowd. wants to help them out when it comes to money and investing and will do so in the very next hour. proud american. he has never for gotten those roots or helping people who keep us safe. it is coming up next. it is not about money. it is about doing the right thing which is all about charles, now. ♪. charles: today we salute try to give back to those who served our nation volunteering potentially to make the ultimate sacrifice in pursuit of our freedom. many reasons people join the military. to serve and protect for some. to expand their horizons. others see greater purpose beyond their own individuality. and then there is tradition. no matter the reason it is honor that brings out the best. warriors through hard grit and determination and tapping into