go in this segment. realize that? let me talk to you about microsoft. >> okay. great exercise. stuart: that is where citi says it is going. 37, what do you think of that? -- 378. >> assure will prove that. stuart: blackstone, 107, 108 -- >> are we going through your whole portfolio? i think so. stuart: excellent. the right answers. neil, we're out of time here, thank goodness. it is yours now. neil: yeah, i thought you would leave me with that -- stuart: i wouldn't do that. i wouldn't do that. neil: so glad you avoided that. i'm a september bit day myself. oh, boy. see that, see that. thank you guys, thank you very much. we have following same things my buddy stuart and susan have been following here. concerns maybe all of this talk about you know, vaccine issues

and all the rest, beginning to weigh on employers and employees with that unexpected two-month high in jobless claims. anyway, so they are trying to get through all of that. let's go to jonathan serrie first off on the whole covid issue, the response, how far we go, worries, not necessarily another lockdown, some restrictions, what do you think, jonathan? what's the latest? reporter: a lot of talk about masks in the covid briefing. white house officials say they will continue to follow the science and guidance from the cdc. the current cdc guidance is that, if you are urn vaccinated you should continue to wear a mask in public. if you are vaccinated you can expect a good degree of protection but individual decision, whether you want to take the added precaution of wearing a mask in certain indoor environments, leaving it up to the individual and also deferring in large part to local governments to come up with their own policies, acknowledging that america is really a patchwork that, the

virus is affecting different communities at different rates. for example, here in atlanta, atlanta public schools just announced they will require masks of all staff and students returning to school in the fall. the cdc just released new figures, the seven-day rolling average of new cases is about 37,700 new cases per day. that is an increase of 53% over the previous seven-day period. the cdc director says much of this increase is being driven by the new delta variant, now responsible for more than 83% of all active cases here in the u.s. take a listen. >> the delta variant is more aggressive and much more trans missable than previously circulating trains. it is one of the most infectious respiratory viruses we've known of and i've seen in my 20-year career. reporter: starting,

august 2nd, they will require all health care workers to get vaccinated or tested. even though lower people are under lower risk of complications they are vaccinated at much lower rates than the elderly. with the new surge hospitals are seeing younger patients. the chief of infectious diseases for a major hospital system in miami says even though the delta variant shows a little more resistance to vaccines, those who receive the shots do much better if they become infected. >> they're not getting hospitalized. they're able to manage the infection but they're spreading and affecting others. i encourage everyone to wear your mask. there is no mandate in florida, but wear your mask doing indoor activities and around other people you don't know their vaccination status. reporter: neil, the cdc reports last year life expectancy in the u.s. decreased a year-and-a-half. they say covid is the largest driver of that change in

statistics. back to you. neil: not at all surprising. jonathan serrie on all of that. ashley webster on the jobless claims hit two month high. maybe the vaccine and covid might be weighing on that. what do you think, ashley? ashley: neil, totaling 519,000, above the 350,000 estimate. the highest weekly count since mid-may. what is going on? the surprising increase comes on as fears grow over the delta variant of coronavirus. cases and hospitalizations are rising especially unthe unvaccinated, we've seen recovery stocks on the markets like airlines, hotels, cruise lines start to lag again on fears of another virus wave. as the economy tries to fully recover, those extended federal benefits, they are scheduled to end after labor day, forcing workers back into the labor market. by the way, plenty of jobs to be

had. an estimated 9.8 million job openings right know, remarkable. but already 20 of the 26 states that ended those benefits early have seen their unemployment rate drop well below the national average of 5.9%. the president addressed the issue during a town hall meeting last night. take a listen. >> one of the things we're ending all those things that are things keeping people back from going back to work, et cetera. it will be interesting to see what happens. my gut tells me, my gut tells me that part of it relates you know can make a good salary as a waiter or waitress. one of my sister-in-laws, of five sisters, makes a very good salary. she works in atlantic city. that is where she is from but it is, there is a lot of people who are looking change their, their occupation i think but i could be wrong.

ashley: trying to follow that saying perhaps people are not working because they want to change their occupation. anyway, among the states that ended the federal benefit early, here are the ones that have the jobless rates well below the national average of 5.9%. check that out, nebraska, lowest at 2 1/2%, followed by utah, new hampshire, south dakota and idaho at 3%. that federal benefit is scheduled to end after labor day as we said but in the meantime businesses still having to up the ante to attract workers, offering signing bonuses, tuition, child care, and free workout machines. neil, i will take the bonus. neil: just incredible and all these are not working. ashley: right. neil: thank you very much, ashley webster on all of that. none of this is totally unnerving the market here but i still think by the fall you tell people after you have to wear masks whether you've been vaccinated or not, that might not go down very well, you tell

moms and dads that is the rule of thumb. they might be grateful for students in in-person classes. may be ajita from all of that. we have michelle schneider here weighing market implications, market gauge group. sergeant guilfoyle, a great read on all trends. sarge, i will end with you. i want to get your take, does this make any difference at all, all this latest vaccine back and forth? if you're a microsoft investor you see all-time high and everyone is recommending it, raising price targets. you look at airlines, they're coming back, analysts are raising price targets, they're not weighing any of these worries in seems for the time-being, what do you do? >> well, i definitely think you have to consider it. i do believe that the variant is probably, not just this variant, any variant comes along now will put us in a position you either

get vaccinated or you get covid, those are your choices. unfortunately maybe some people get both. the initial jobless claims tell us some people are a little bit of afraid. some businesses slowed down reopening. airlines are optimistic. their revenue was three, four times what it had been a year ago because there was no business a year ago. neil: right. >> as an investor i'm probably shying away from airlines, maybe southwest because they're domestic but i'm nor interested in materials like alcoa, freeport-mcmoran, southern copper, and railroads have been just fantastic. union pacific the last two days. neil: if you buy that, the dow transports, look at them, michelle, they usually telegraph good news, continued good news for the rest of the market. all this noise not withstanding. i'm not minimizing that noise but obviously the market is looking at a bigger, greener picture. are you? >> well, i actually believe that

we may be more range-bound than anything else. do i think we'll rock and roll to new highs? we may see that if it happened anywhere, it would be in nasdaq. but i'm really, really skeptical what will happen with small caps, even transportation. yes the airlines have definitely all come down because of the new scares. also federal payroll support but with earnings being good, they're backwards looking. we're looking forwards. look at transportation. what are they caring? just as sarge just said, they're carrying raw materials. i still, no matter how many times i go through this in my head, i still think we're going for economic slowdowns as we get into the third and fourth quarter, and i still think the raw materials will continue to rise, especially now with the new variants, supply chain disruption, labor issues we've been talking about, and that puts us at real risk of a stagflation environment as we go into 2022. i cannot get that away from my brain right now.

neil: well maybe -- inflation nary periods that is what happens. steve, what do you make of that, you can't separate the two? prices go up but eventually things slow down. are we near that point or something we have to be aware of? >> i agree with michelle 10,000%. i see a economic slowdown, at least acceleration over the next couple quarters. i don't know if i see recession down the road. it is possible. the markets are trying to price in right now fiscal policy because it is uncertainty, and that would be a boost to the markets because it would inflate valuations once again, which right now inflation is teetering with coming back to reality. so basically i think, we may be past peak inflation too. there are some things we could discuss but i believe that economically speaking we are probably going to slow down a little bit. and, going into totally different direction. that is why you never abandon tech. neil: yeah. it is interesting because tech

has been very resilient to all of this, all the promised investigations and antitrust concerns, the breaking these puppies up. they seem to be almost bulletproof, michelle. you never say that, as soon as you do, there is a bullet. i'm beginning to wonder what keeps them going so strong? i mean, you know, you could make credible arguments for each and everyone of the power plays and apple, all of this, promise about new offerings later this year, microsoft is its own story but what keeps them going? >> right now interest rates have been a big positive for the big tech. that's number one. number two is they all got a boost last year because as people are staying home regardless what happens in the future the survey that just came out said that about 1/3 of people that were polled may not go back to work or won't look like the way it used to. so that's going to keep technology firm that is what we're all dependent on. if you talk to somebody like cathie wood, she thinks

technology is the future, eventually will be so eefficient we'll not worry about things like raw materials. we're not there yet. one lesson we learned from monday, when the dow dropped 700, all the nasdaq stocks, and megacap stocks fell too. gravity takes hold eventually at some point. i do not a-- agree with sarge, i'm sorry if you prefer steven or sarge, but i definitely think we're in a situation here where we have to keep an eye what will happen with the growth of this economy first and foremost once we do the back to normal. we may get another surge. as global economies come back, right here, right now, i am definitely thinking that whether the megacap stocks continue to go up or not you have to watch what happens with the small caps because everything can get dragged down. buy the dip, that is what we've been trained for. i don't believe we're going into recession either by the way. i think stagnation is really

where we're heading. neil: all right. we'll take a quick break here and sarge, stephen, whatever you want to call him, i call him dr. sarge, whatever he has a great institution, take your break what is going on in washington right now with stimulus, infrastructure and all of that, because if we get none of it i would be curious to get your take howe markets respond to that, right now the way they're going and the way they're arguing i don't know if they get any of it. this is a good example what is happening, after this. >> i have to be on the floor. we have that very important bill. >> [inaudible] >> we have that very important bill coming up right now. >> we cannot, cannot, must not, will not let the future of these daca recipients hang in the balance. so rest assured my friends, we are going to do everything we can to provide a pathway to citizenship for the dreamers. >> the dumbest idea in the history of the senate, the

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that's g-o-l-o.com. neil: all right. is this any way to get legislation done on a bipartisan basis? ever since republicans forced democrats to prepare something in writing with basic math, how this will all be paid for on the original infrastructure package, now comes along a plan on the part of democrats to try to squeeze in immigration and related issues into the next big issue. so that is kind of where we stand on this back and forth. jackie line headaches more from washington where this stands. jackie? reporter: neil, president biden's push for a pathway to citizenship for 11 million undocumented immigrants has failed to gain traction on capitol hill. there is push from democrats, especially a push from progressives to include immigration provisions in the

social infrastructure bill that democrats are going to try to pass along party lines. now the senate parcel parcel men taken i can't remember could toss that out with the package just like the $15 an hour minimum wage hike, they want to push this for immigrants brought to the country illegally, especially children, dreamers, daca, recipients. president biden says he supports trying for this. >> the budget bill is an appropriate way to get around the filibuster, to be able to make a judgment as to whether or not they should have a pathway. that is for the parliamentarian to decide though. reporter: issue threatenses to divide democrats but the key swing voter, senator joe manchin indicated he would support immigration in the budget bill. that prompted house republicans to reject calls from democrats to include amnesty in the $3.5 trillion budget framework. they wrote, simply engaging in

this very debate will further destablize the crisis at the border and bankroll vicious criminal cartels, in reality enacting amnesty for millions now will make this crisis permanent signaling our borders are effectively open to all. senate republicans are also sounding off. >> the dumbest idea in all of washington would be to grant amnesty in a infrastructure bill without first securing the border. you would have an invasion beyond what you have today. if we legalized 100,000 people or a million people in the infrastructure bill, there would be a run on our border. reporter: now this still has to get through the senate parliamentarian. that is an open question. but assuming that that happens, democrats to make this happen would have to stick together on this, because they want to pass it along party lines. that means keeping in agreement progressives who want more, the moderates who want less. we've seen time and time again that can be a pretty big

challenge, neil. neil: jackie, thank you for that. jacqui heinrich at the white house. before i go to senator roger marshall, want to keep you abreast of a development i've been noticing, statements on this, several major websites, financial websites are down in a widespread internet outage. they include fidelity investments. i don't know others have been cited. don't know how how widespread this is. people anecdotally they can't log on to some of their favorite sites. a lot are financial related. don't know if there is any connection. we're keeping eye on it, we'll let you know more when we know more for now. senator roger marshall, kansas senator, physician by training, what making of this back and forth. senator, i never know on these occasions particularly getting update on virus i should address you as a senator or a doctor, i

think i will go with dr. senator, good to have you. i want to know what you make about the senator saying about masks, hint being taking guidance from the cdc already hinted potentially new restrictions are in order, what do you think? >> well, well, neil, i think president is not responding to the science. there is so much optimism that should be out there right now. this delta variant is spreading a little bit across the country but here is the good news, 2/3 of american adults, 90 percent of our senior citizens will have the second vaccination within a couple weeks. the group that is left, 50% of them have some type of natural immunity already, that protects us. natural immunity or the vaccination protects us over 95% of the time. this is not the time to put more restrictions on america. the masks have very minimal help if any. people need to talk to their doctor if they have not got the vaccine. that is the cure here, is talk

to your doctor if you haven't got your vaccine. we're winning the war. neil: now as a doctor, senator, a couple of dumb questions on my part, this idea that people wear masks indoors, whether you've been vaccinated or not, apparently not just l.a. county kicking this around this fall, in a lot of school systems, the atlanta greater area, that will be the rule, everyone wears masks whether you've been vaccinated or not, is that a bit much, or what do you think of it? >> it is way over the top. we know especially making our kids wear masks there is psychological harm to that. keeping them home from school is a huge is psychological threat to them and academic progress as well. remember, whether you had the vaccine, whether you have natural infection it will protect you 95% of the time from hospitalization. i guess i would ask the president, don't they have confidence in this vaccine? why does a person want to wear, belt, suspenders and maybe depends as well? i don't get it.

i see no reason to force our kids or anybody to wear masks at this point in time. neil: senator, thank you very much for that. apologize for the truncated nature of this. we're exploring, by the way, reports of a number of websites that are down. some i've tried to log into myself to see if there was anything to it. some will flash, dns failure or unable to connect. they include some of the popular financial sites such as vanguard and fidelity, at&t. we're also learning this is something i not checked out myself, same is happening with costco, delta air lines and british airways. all are seeing the websites traffic slowing or not going at all. we'll keep you posted. more after this.

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services that several major websites are down presently, either fully or partially and what seems like a widespread internet outage. now they include delta air lines and british airways as well as financial powerhouses like capital one, vanguard, godaddy, a host of others, names are seemingly growing by the minute here. all this was reported, started about 25 to 30 minutes ago. customers cannot log in and are greeted with a writing, dns failure, domain name system failure. you can't literally have the system respond to the name or url address you're typing in and it has affected a good many of these guys trying to check accounts, they are greeted with this message no matter how often they try. we'll keep an eye on this for he. with you don't know much more than that. of course it occurs at a time

we've seen major attacks of hacking from financial players from oil to financial service giants, quite a few among those today, but again we don't know much more than that. we don't know how widespread it is, can capital one, delta, have disproportionate influence in financial trading that could affect what you see in some of the financial services index so far not a material response to. this we'll keep you posted. keeping you posted on the upcoming olympics. i say upcoming as tomorrow. actually hours from now when they kick off in tokyo. a number of prominent u.s. athletes are testing their mettle even though if it won't be many fans seeing them in the stands. take a look. >> i love drawing from the ground. i remember coming around the curve at hayward at olympic trials, it was partial capacity loud enough to add that little boost but kind of knowing that going into it applies me to

prepare in different ways. understand, i might not have that little boost of the crowd coming into the last little bit. we might not have it going into the last jump or throw whatever you got going on. you have to draw on yourself, competitors, competition spirit, find that drive in other ways. neil: all right. my next guest knows a thing or two about the right drive. keep in mind, four-time olympic gold medalist. there is reason they called her awesome dawson, especially when she started at the tender age of 16. i had no idea what i was doing when i was 16 years old. she did. through so much historic changes, she got that all rolling, set the stage, if you think about it for some olympic greats we've seen it since. dominic dawes. thank you. >> thank you for having me on, i appreciate it. neil: i remember seems like yesterday you made your debut. all of 16 years old. you did it in a followup

olympics and another olympics after that and you kept your composure throughout. i wonder when you hear what these young athletes are dealing with right now, an olympics without fans in the stands would that have made a difference to you? >> it definitely would have made a difference. there is already uncertainty with regards to qualifying to an olympic games. to the athletes i feel for them, they were preparing for the 2020 olympic games. yet it was postpone ad full year and still a great deal uncertainty with it happening. it will kick off tomorrow, which is super exciting. to know there will not be family, friends, fans in the stands that will cheer you, to add to the adrenaline rush. this will be a little bit of a letdown however. i know all of these athletes will feel cheers from everyone that will be watching around the world. it will definitely be the most-watched olympic games ever.

i think athletes will feel that. neil: do you worry, some early signs we're getting, our basketball team is off to a bumpy start. what happens in the pregames, i get it, doesn't necessarily translates into later games, they have lost more games than they have won, put it that way. you have concerns about the u.s. women's soccer team losing against sweden early on. again things could change once everything gets going. again, a bumpy start. what do you make of it? >> i know there is not a bumpy start for the women's gymnastics team. we're more likely going to dominate not only the team competition but all around competition. more than likely simone biles will win a second all around in the sport of gymnastics and olympics which will be exciting t might be a bumpy start for other athletes, however. once the olympics begin, they get adrenaline rush, they get in the zone, they feel the excitement every single olympian will feel, they will hopefully

step it up and turn on their a game. neil: i don't know, coincidental timing but you have opened up this gym facility in maryland, really just after we learned larry nasser and the man who, you know, obviously was behind so. of this abusive behavior came up in your case, what you were dealing with. i'm just curious now, how, you found that all to have happened, how so many either looked the other way, obviously with this new center, you're trying to say there is another way here, there is a better way to connect and this might be the start but what do you make of it all? >> well we opened the dominic dawes gymnastics and ninja academy one year ago. we're celebrating our one year anniversary. you're right with larry nasser and the sexual abuse, hundreds of survivors that he harmed, i knew him for 10 years of my

childhood, from that pain has driven me this purpose of opening this gymnastics academy. anyone knows me would never envision would be a part of my plan in life, to open a gymnastics academy in the state of maryland, however when all of this came out with regards to the unhealthy culture in the sport of gymnastics, i realized i wanted to be a part of the change. i wanted to insure there was healthy out let for young girls and as well as young boys being introduced to the sport. we have a great crop of young kids enjoying the sport. it is preschool, and ninja and more important developing the whole child. not only teaching them about physical health, emotional health. spiritual health is important to me but social health as well. during the times of covid, many parents come to myself, my husband, or just coaches thanking us for providing this healthy option for their kids.

neil: good for you. i won't want to bring up anything unpleasant, just indulge me, larry nasser was your doctor close to a decade? >> yes. neil: any idea, did you have any issues with him? do you know of others who did at the time? >> i do know the number of athletes that are a part of the lawsuit with regards to being sex abused by larry nasser. when i worked with him a decade of my childhood i was not sexually abused by him. he was sheep in wolf's clothing. i did not, i had trust issues already. i was not letting a lot of people in. however from that pain, i mentioned earlier it served a greater purpose and it has driven me to be so passionate what i'm doing today, wanting to make a greater impact. i truly believe that is the case for hundreds of survivors that have spoken out and they are

seeking their justice. he is in jail i believe for the rest of his life and they are going to spend much of the rest of their life healing and can do that by helping others. neil: dominique, these games often become politicized there is a move afoot, china with the next olympics, a lot of people say we don't want china to have it. we'll make a statement that will protest their hosting the games. when we weed into waters like that, that is a weird way of putting it but if you indulge me, for example, your past, whether the games in atlanta, sydney, australia, did that any kind of political pressure weigh on you or other athletes? different times, different events and different worlds. >> i can speak myself i was 15, 19, 23. i had a very sheltered upbringing. the maturity level of myself was less than the age i was. i was not focused on the things

i couldn't control. i was not focused on any political pressure, things going on. we were taught at a very young age focus on things we could control. it was very much a full-time job to get to the olympic games. that was really where my mind was focused on. a number of athletes, they feel this is the platform to speak out on a number of different issues. if they feel it leads to healthy and positive change, i think it is important for them to do so because they have a voice and as long as it is, coming from a healthy place, to leave a lasting healthy impact, i think can be in some cases a good thing. neil: dominique, last question, my producer will kill me, i've been so excited to talk to you, i will burn out the clock, your view on these athletes who either turn around or take a knee when it is the u.s. national anthem, how do you feel about that on an olympic venue,

your thoughts? >> goodness, i am going to, i do understand our country has a very painful past and there is, i think there is a lot of good still in this world. that is what i try to remind myself but there is obviously still a lot of hate. there is pain, there is a great deal of evil in this world but i try to focus on that which is positive and like i said earlier, i can't say it enough, the pain we go through in life does serve a greater purpose and allows us to gain a greater passion and leave a greater impact and so, from that, i, you know, i recognize the pain that my ancestors went through happened for a preen. so much so that i was speaking actually in an interview earlier with trey gowdy, we brought up tim scott and his book, from cotton to congress. i told my husband, put cotton up

on the walls of my house so i recognize that of which, my ancestors bled and sweat and their tears were for and i, for me to remember, that pain was there for a reason and it is for me to recognize my purpose here on earth and it is to impact others in a positive way. neil: you are a class act, dominique. i know it sounds weird, i'm old enough to be your father. you're an idol figure. human body, human body is capable of doing. i had no idea, just getting in and out of a chair is a mission. i should try to get a gold medal for that. thank you very much, dominique, you're an inspiration for many, many people, even this old dude. >> thank you. neil: dominique dawes, what a sensation, so many olympics, a great positive attitude to get through so many crises at the same time. just amazing. all right we're following something amazing not for all the good. what is happening, people don't

know why, so many websites are presently down affected are delta air lines and british airways, capital one, godaddy, vanguard, fidelity, costco, a host of others that have somehow seen their sites slowed or outright stopped. a lot of them will flash a warning to say dns, again referring to a domain name system, type in url, it doesn't take you to the site. and for customers, particularly financial customers, they don't like that. they're actually letting me know about it. i wish i could help them. but i'm just passing that along. we'll have more. experience our advance standards safety technology on a full line of vehicles.

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go with us and find millions of flexible options. all in our app. expedia. it matters who you travel with. neil: they're all gown, slowed, stopped, major airlines, financial houseses, you try to bring them up on the computer. can't get whole thing up for you on the computer.

dns problem. domain issue. hitting likes of capital one, vanguard, a host of others. what is really going on here. susan li is looking into this. what is happening? reporter: down detector, says a dozen websites, 44 in total are having a problem internet connecting. it's a dns problem. it looks like it traces back at least initially for news flow, traces back to akamai a content distribution network, a cbn. this is a puts information around the internet. they have a issue with their edge dns service. akamai will provide an update on the disruption at top of the hour, 1:00 p.m. eastern time. this is how it works on the internet. it is a case of dominoes, when one provider goes down, it affects another. akamai is down and affects oracle which is cloud service provider to help platform some

of the websites. oracle is monitoring a global issue which goes back to akamai, and dns problems especially with the edge service. that is impacting access they say to many internet resources including oracle cloud properties. as you mentioned delta air lines, capital one, godaddy, draftkings i saw, even google at some point. this is localized, as well, some parts of the country are getting access to the website. other parts they are not. depends where you live. this is causing disruption for people that need to book flights, do best to get onboard. right now it is an akamai issue. i don't want to jump to any conclusions that there are nefarious hacks since we're living in a age of cybersecurity but looks like the issue now goes back to akamai which pushes data across the internet. that is having a knock-on effect when it comes to cloud providers like oracle.

neil: got it. great reporting, susan, whether this is related to that, or a separate event, we're hearing after multi-state 9/11 outage of an issue separately addressed. concerns in the rockland, maryland area could be a cut line or wire. could be something different. i dent want to conflate or relate the two. this is not a good day for technology going up online. more after this. ♪ ♪ 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.

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proven quality night sleep we've ever made. and now, save up to $1,000 on select sleep number 360 smart beds and adjustable bases. plus, 0% interest for 24 months. only for a limited time. ♪. neil: all right. if you've been trying to book a flight on delta, or you've been looking at some other sites where you can do just the same or been wanting to check in on your capital account, maybe vanguard account or services that service that account, fidelity comes to mind, you might have been having a devil of a time doing it, still doing it, this is gone upwards 45 minutes or so where the sites dramatically slowed or gone down all together as susan li was reporting. we'll get an update at the top of the hour. the own commonalty you can't get beyond typing in the url. you get the address to follow from there.

the problem, we don't know how it started. we do know that it spread. it has spreading tentacle effect into other areas, other for example, financial services, booking services for airlines, so goes way beyond the original companies. we'll keep you posted on this. it is not really affected overall wall street trading although some anecdotally passed on to me volume dipped since we first got note of this. i can't ascertain that one way or the other. this is not a panic time on corner of wall and broad, anything but, but didn't hurt startup, artificial intelligence to get and create drugs faster and whole lot less expensively. smashing debut. shares are up close to 37%. this was a 16-dollar offering you might recall. now just under $22 a share.

a 35% run up. so we're keeping, very, very close eye on that. with us is the absci ceo sean mcclain. very good to have you, i apologize getting into the other stuff. none of that affecting interest in or financial interests certainly in your offering today. are you encouraged by this start? >> no, i'll really encouraged with how investor received the story and they see the vision of what we are trying to do which is getting better drugs to patients at truly unprecedented speeds, merging biology and a.i. and couldn't be more thrilled with how the outcome started this morning. neil: excuse my ignorance if you can explain to me how the a.i. part of it makes this happen, and makes it possible for drugs to hit the market sooner? >> yeah. definitely. what we are doing, we're taking this completely disjointed, stepwise approach to drug

discovery and bio manufacturing and collapsing into a single step we call integrated drug creation platform. go from years down to weeks. in particular with our technology, we're able to screen billions of different drug candidates all at the same time. we're feeding in all of this proprietary data on protein functionality an manufacturability into our deep learning models and eventually where this will take us is the ability to be able to go from idea to drug in a clinic a very short amount of time, getting the best drugs to patients. neil: it is amazing, i was reading your own personal story, you were so keen where this was going. you moved back into your parents ahome. you perfected all of this. now you have a company worth at least two billion dollars. are your parents pleased with the results? >> my parents are. my dad is sitting here in the

studio with me. it is amazing to be with family and you know, seeing where this has gone from basement lab to wall street and changing the world, you know one protein at a time. it is a really amazing day to spend with family. neil: it should be. sean, thank you very much. keeping an eye on it. one of the stellar success stories in otherwise confusing story at corner of wall and broad with so many popular sites down. we'll bring you up to date on all of that after this. ♪ (energetic music) ♪ ♪ ♪ ♪ ♪ introducing the first ever at4 lineup. premium and capable. that's professional grade from gmc. one, two! one, two, three! only pay for what you need!

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♪♪ neil: welcome, everybody. on top of a lot of popular sites that are down right now, or mostly down, and they include some of those big names, airbnb, fedex, ups, home depot, a host of others. this is now extending to fidelity usa, charles schwab. we've also got discover, delta airline, hbo max, draftkings, southwest airlines. by my math when i came on the air, 16 affected, we're told upwards of 38 different sites are directly or indirectly feeling the pinch from all of this. in some cases it's very difficult to load into the site. ing in other cases if you're able to do that, it's very slow going when you do. we are getting separate reports of a multistate 911 outage.

the issue is being addressed. we don't know if this is anything to do with these web sites that are experiencing problems, and we do know it's fairly widespread. we don't know what the multiin multistate -- multi in multistate means. it started in maryland, but this could be extending way beyond there. susan li has been keeping track of what's been happening on the internet and the widening spread of all of this. what can you tell us? >> reporter: we are expecting an update. this goes back to content distribution network that hosts the pbns, and it looks like they've implemented a fix. they said we have implemented a fix, we bring this up -- they actually tweeted this out, we've implemented a fix for this issue, and they say that the service is resuming normal operations, and we will continue to monitor to insure that the impact has been fully mitigated.

there is a knock-on effect, a domino effect when it comes to the internet. when a domain-hosting content goes down, that hurts cloud providers, in this case oracle itself. they are monitoring what they call global issues. many internet resources, and that includes being hosted on the oracle cloud properties. delta airlines, british airways, capital ones, i just saw home depot, kraft kinks, fidelly as you mentioned there -- fidelity, 44 web sites have been impacted by this outage that, e again, relates back and goes back to akamai which right now has no connection to the internet and is a localized event, they say is. some people across parts of this country have no problem, but others are experiencing problems when trying to access these

sites. akamai says the issue has been fixed, they're monitoring it. neil: susan, thank you very much for that. again, we're trying to update separately this 911 registry problem, it started in the maryland area, has now extended, we're told, to virginia and rt parts of georgia. but don't hang that all on some of these early reports, just that it appears to be widespread. whether it relates to what's happening on the internet particularly with some of these sites that susan outlined is anyone's guess. i do notice just trying to go to those various sites that were mentioned like delta and, again, fidelity and capital one, that if you keep trying at it. you will eventually get through. but then it's slow going. a number of people have been e-mailing me on their own accounts, vanguard accounts that they have trouble getting in, but at least now one gentleman was telling me a little while ago he's able to get in, but the screen freezes. now, that might be a situation

unique to him, but it is extending to a lot of the financial players here. and others are confirming there's a dip in volume soon after that. whether it's anything to do with some of the financial players involved here, i don't want to take that leap. but, of course, it's probably more than just coincidence. be that as it may, again, this is not affecting, we're told, account holdings or anything that's represented on accounts to the money you thought you had in those accounts. that's always a worry when this sort of thing a happens. just seems to be an across the board spike in suspicious activity on all of these sites. by that, i mean no activity for a while. some of it is coming back, so i want to have stress some is coming back. charlie gasparino with us right now. you know, charlie, all of this comes after the ransomware attacks that we've seen affect anything from meat suppliers to oil companies and on and on we

go. we don't know if that is the case here. we know this one is widespread, but it is a reminder that our technology we have today is often times vulnerable, isn't it? >> yeah. and it's odd that it's so diverse, right? neil: right, right. >> you'd think that everybody was trying to trade or tying to buy stocks, van a guard, fidelity, hbo max, i saw, was one of the names. it seems so sod. you know, that's the -- so odd. that's the first thing that came to my mind, but let's not jump to conclusions and play this out a little bit. i'm sure we'll find out soon. you know, this is -- of all the infrastructure needs that we have in this country, i will say this til i'm blue in the face, it's not, it's not roads and bridges that need to be fixed on a federal level. it's this type of infrastructure that this country has to get in shape its infrastructure as opposed to -- when it comes to

being liable, major businesses being liable for cyber attacks from outside agitators in china, in russia or wherever, north korea. and that should be a federal mandate, you know? if the federal government's supposed to protect u.s. citizens against these u.s. forces, it's one of the things that president biden, you know, and the democrats just have no clue about. we should point out that physical infrastructure is handled mabley by states -- mainly by states. there is not a massive, you know, bridge infrastructure crisis. i'm sure you'll find a bridge somewhere in disrepair. i know someone will throw that out at me, but that is not the national problem. this is a national problem. i also want to pivot, neil, to some break news on wall street. this is fascinating because there's some talk in the biden administration about significant indoor mask mandate, maybe bringing them back. there was a headline in "the new york post" i saw citing that -- kind of corresponds, interestingly, with some of my reporting on whether wall street

will delay its sort of slow, evolutionary reopening with some firms, goldman sachs, jpmorgan embracing a faster reopening, morgan stanley in thatment respect and some not. but everybody's starting to come back to work as the pandemic wanes. now we have the delta variant spreading. and here's some interesting stats, and i hate to use the word herd immunity here, but this is sort of the catch word they're usingen on wall street. they believe at the major banks they've reached a sort of herd immunity. and why is that in they believe from what i understand that people at the big banks, particularly here in new york city -- we're talking jpmorgan, morgan stanley, goldman sachs, bank of america, citigroup -- that they have about 90% of their new york city workers vaccinated. they're worried about what comes out of the cdc, what comes out

of the mayor's office, he's still around until early next year, and governor cuomo's office. and the one thing that, i think, could slow up based on conversations with these top executives, could slow up the reopening is if you did a harsh lockdown which people aren't really talking about right now. but if you did an indoor mask mandate, wall street firms would have -- particularly the ones that are opening, they would have a hard time, you know, fully reopening. i mean, you just can't bring back 10,000 people and hold meetings in person, you know, for three hours when everybody's wearing masks. it's just, the communication just is doesn't work well. so that could be an issue. and i would just watch this, i would watch whatever guidance we get from the cdc on masks. they haven't changed yet, but usually that guidance would often get translated to certain spaces like new york which kind of follows everything the biden administration says, and that

would be a problem for reopening new york. then i think you'd see if you had indoor mask mandates, you'd see jpmorgan sort of pivot and not bring everybody back. goldman sachs, morgan stanley would delay after -- their plan bringing everybody back at labor day which is, essentially, in a month, they would maybe push it back because these mask mandates are -- it's almost impossible to bring, you know, bring back 30,000 people to an office and everybody running around, you know, trading and talking with masks on. it's a difficult work environment. you know, the new york stock exchange tried it, people working with mask, but that was -- in those days it was with, it was a skeleton staff down there. so i would just, neil, watch this thing. this is going to be an interesting story in the next couple weeks. back to youful. neil:. especially if the cases spike, you know, people get alarmed, they overreact. we'll see what happens. thank you, charlie, very, very much. on to this internet outage,

we're getting word right now that some is, some sites are returning to normal. they appear to be fixed. we're hearing as well that a lot of this was linked to this content distribution network susan l are i was talking about -- li was talking about call canned akamai, they have fixed the issue, we're not getting confirmation from some of the players that were directly affected including capital one and fidelity and a host of others that have reported slow, if not outright cut-off service is. but we are hearing right now those account holders are able to get in and peruse their sites as well as those who are now able to get in and book airfares, look at possible airfares on sites. forty some companies' web sites affected by all of this. let's get the read from mike murphy, rosecliff managing partner and founder.

mike, i caution to adhere that it has not -- add here that it has not had a big impact on trading one way or the other if it, indeed, is coming back. i think people will assess this start looking at, all right, how could this happen in the first place, but yet it's happened again and a fairly wide basis here affecting not just a single industry, but a variety of them. what do you make of it in. >> hi, neil. i think the biggest point here is that at this point it seems like it's not a cyber attack, and i think that would be the biggest concern for the markets, that would be the biggest concern for our country if it turned out this hack was a foreign country, a foreign government looking to attack our internet. if it's not, this is something that is going to happen, you know? the internet, like your connection, will go down on your cell phone. i don't know how we can ever perfect that. if this is just a glitch, then

it's going to have no impact on the market. a few companies were, had to deal with an inconvenience, but we move op on from there. hopefully that's it. it's part of our life on the internet, and i don't think it'll have too much of an impact as long as it's not cybersecurity. neil: you know, this kind of stuff, when it does happen whatever the source, kelsey, it does make people a little anxious. they start think about their vulnerability to all of this. we've gotten especially sensitive to it when these are financial sites that are impacted whether it's something as simple as a line that doesn't go through to fears that accounts get wiped out. you know the drill. and i'm just wondering how that affects confidence in this very sophisticated economy of ours. >> whether this is a glitch or something more serious, i think it should be a wake-up call. and on that front, i have to ask how many wake-up calls do we need? we did just experience a series

of cyber attacks from malicious, outside actors. i do hope this is nothing of that sort, but that doesn't mean it can't and won't happen in the very near future. we know both our energy and our internet grids are not secure, they are not up-to-date. we immediate more investment. shar -- we need more investment. charlie was making a good point on that front as we have senators negotiating a massive infrastructure package well, yes, cybersecurity should be at the forefront of that. it should be a larger piece of this conversation that our lawmakers are insuring that we do have safe and secure energy and internet grids. neil: by the way, guys, we're just getting word now that oracle cloud infrastructure is saying that the global issue related to partner do dnf provider and is ancillary services, that all of that is

fully recovered. very quickly on this, mike, it does remind you whether sinister or not how dependent we are on just a couple of key players. akamai has problems, sudden is. enly you have problems. not you in particular. this is a technology that kind of comes down to a few key players that control the piping, if you will, the old thing that cisco used to do, and that piping is endangered, a lot of other things are endangered too. what do you make of that? >> absolutely, neil. if one small piece of the global internet gets plugged, it could start affecting air traffic control or governments' militaries. so, yes, so everything is tied into ther in net now, so -- internet now, so we need to get cybersecurity right. yes, it's very concerning. neil: you know, you raised a good point, kelly, when you're talking about our view of

infrastructure, bridge, roads and all of this. i believe in the core infrastructure package itself they were addressing our technical infrastructure, if you will, our technology structure infrastructure. do you think something like this -- and i'm taking a leap here -- changes the ratio on this? okay, maybe a little bit more toward our grid, maybe a little bit more toward, you know, online activity and the rest? >> unfortunately, if it turns out to be some sort of malicious acts that happened here, yes, i think lawmakers would prioritize that. but my big fear is that it is just a glitch, which is good, but lawmakers because of that will not take this seriously, will not change direction in these negotiations right now and focus on sign iser security as a part of our nation's infrastructure. and, again, in this case it's our internet, but with we know the energy grid is extremely

vulnerable to these types of i attacks, and this will have ripple effects on every part of our economy and our everyday lives, and we need to insure that they are secure is. this should be a basic role of our federal government that, you know, we as a small government conservative want to see them doing more, lean into it more to insure that it is all secure. neil: all right. got it, guys. thank you very much. sort of rolling with the breaking news punches. always appreciate it. just to let you know, often times in breaks and down time here i'm going onto these various sites impacted, i'm increasingly having no difficulty getting onto them including vanguard, fidelity, delta, home depot, a host of others where before it would freeze. i'm able to get into a lot of them. check draftkings or costco, some of these other ones, but with fedex, airbnb just for the hell of iten punching it in and getting in. i don't know if you're able to access them at home, but for a

while i was having a devil of a time doing that. we are separately learning that a akamai is continuing to monitor the situation, stresses the issue was not the result of a cyber attack, but it hasn't really gotten into with detail what the hell it was. we'll have more after this. ♪♪

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♪ neil: all right, using my own hunt and peck method to see if we're making any progress on some of these sites, better than 50 of them now that have been affected by an outright stoppage if not slow service. bit by bit, i do notice them coming back, delta airlines, costco, ups, vanguard, fidelity all seem to be coming back with where at the start of this show they were not able to follow through. akamai which which handles sort of the backbone to some of these sites is saying that it has solved the issue or dealt with the issue. it thinks that some were directly affected but fewer right now. quoting them here, service seems to be back to normal.

i haven't tested a all of them there, but we're watching this very, very closely here. but, again, some is inconvenience more than anything for a lot of folks. for example, if you're going on an airlines site and you can't book tickets or confirm your flight, that's a problem. nothing that wiped your tickets away or financial accounts, nothing like that. certainly a devil of a time getting into that and calling into question our reliance on them. just a few of them really, they go down and they have a problem, we all have a problem. so keeping an eye on that, keeping an eye on oil prices. they're jumping again. now, a lot of this, certainly, on the supply concerns and demand building and all of that and the fact that and with promises to -- even with promises to boost production, it keeps happening. if i was reminded, alan, and looking forward to talk to you

of the saudi oil minister who vowed to drill every last molecule. no matter that, i mean, it hasn't stopped, you know, all the concerns that that might not be enough. what do you think? >> well, i'm almost purely a price guy. we'll talk about, you know, his motivations, obviously, he wants oil, but he wants high prices as well. neil: absolutely. >> what i think more importantly is we're in a bull market, and we saw what happened monday not just in stocks, but also in crude, it was a profit-taking moment. and a much-need one. 65 was actually the breakout that we had back in march. so it held that level. so there's still more upside and, again, that's a positive barometer of economic growth. neil: you know, al ab an, one thing -- alan, one thing i love

about you is you look at the big picture. my picture isn't nearly so expert-driven, but i just see supply and demand. you know, there's a big demand. there's a big global recovery going on. bumpy, i grant you, but we're coming from park, and now all of a sudden we're doing 60, 70 miles an hour, and i see that more as what's drive this and will likely continue driving this. your thoughts. >> all right. let's talk about how crude is a barometer of how the economies are doing globally, the macro market. like you said, 0. we went from 150 in 2008 down to 0. so 75 is the midpoint, essentially, of the action that we've seen in crude oil over the last, probably the last years. if you look at the comparison to the stock market, there's a very, very high correlation. you can ignore that in 2020, we traded before 40-80 for five years. so there's a lot of optimistic things happening. we've got low interest rating

obviously, energy stocks really haven't participated in this rally as much, and the most important factor i focus on is when the crude oil goes to all-time record highs, the dollar was at 70. the dollar index is at 90 right now. even in the face of that, crude has been strong. i'm looking for this trend to continue. but like the stock market, you've got to be able to buy the dips and respect the overall trend. neil: so for gas prices, i notice as eye-popping as they've been, it hasn't affected people's vacation plans, travel plans, they're still going out. they might be swallowing that, not liking it, but they're still filling up the tank, and i'm wondering how long you think that lasts. >> well, in reality i know it's a pressure if point, but people really don't stop driving because the piece of gas -- price of gas goes up 50 cents. they'll make up for it other

ways. but let's look at, again, the stock market is up 45% in the last year and crude oil's up 35%. while you may not like paying hire gas prices, it's a sign of a booming bull market. and that helps everybody. neil: that's a very nice perspective. alan, you leave me peachless. great seeing you again, my friend. i do appreciate the insight. alan knuckman. you know, natural a gas prices have been holding their own, but they've been remarkably resilient through all of this, again, a reflection on this stronger economy. things are improving right now with this internet sort of hiccup, if you will, even though it was a widespread hiccup. still trying to get ab an update on those 911 outages, started in maryland, extended to washington, d.c. and virginia, we're told as well tennessee and georgia. we haven't got confirmation of some of those last arer states,

but that -- latter stateses, but that too seems to be easing a little bit that 911 calls can come through locally when you're geared to another number, they will sort of switch you to a number automatically. i don't know how it works in all states, but that's at least what's going on in maryland. we're going to keep track of this. also keeping track of the president, he's meeting with business and labor leaders on infrastructure which takes on, obviously, a bit of a different tone today with the push to make sure infrastructure includes, well, the internet, worldwide web or at least part of it this looks sometimes dicey. more after this. ♪♪ ♪ ♪ with cutting-edge tech, world-class interiors, and peerless design... their only competition is each other.

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inaccessible, slow once you got on the site that it was like you couldn't get on the site, but that is slowly coming back. right now for the time being some 911 service back in some virginia localities. again, we're hearing reports it all emanated from a cut line. i've not gotten confirmation of that, virginia, parts ofland separately, i haven't heard about maryland sites coming back, but a lot of localities coming back. they said this was a multistate kind of a female your here on the part of the -- failure here on the part of the 911 system, but i'm only focusing on the news i'm hearing out of virginia, that they too are starting to come back. no indications as to whether these events are at all connected, but all happening at the same time the president is meeting with top labor and business leaders on infrastructure spending. it's a good point to pick up with congressman dan -- the

beautiful state of pennsylvania. congressman, i'm wondering will that package that you know of, however the final details come out, include this sort of stuff, you know? protecting the internet and making it secure, safe, not so vulnerable to attacks whether accidental or deliberate in. >> yeah, absolutely. and that's where the money should be focused, right? certainly on hard infrastructure, but broadband, rural broadband, all kinds of revitalization efforts. this is where the money should be spent. you know, we -- neil, i mean, we spent $3.7 trillion last year to provide leaf and find a vaccine -- provide relief, another $1.9 trillion at the beginning of this year, completely partisan democrat vote, so well over $5 trillion of new debt has been created for the u.s. citizens. now we've got an infrastructure bill, a real one, $1.2 trillion, that i want to be supportive that i think will pass once we

get the details ironed out, and meanwhile, this new democrat party is going to jeopardize the whole thing by announcing a bernie sanders $3.5 trillion, the most historically massive expenditure in the united states' history. i don't know what they're thinking. we've got inflation, we've got all kinds of other issues, it's just very, very irresponsible to say the least. neil: could you clear something else up for me as well, congressman? separately, i heard that chuck schumer wants something on immigration, to do something about daca, you know, the dependents of families who came here who through no fault of their own are in this sort of immigration limbo. was he talking about including that in the infrastructure-only package? the 3.5 trillion package? i could imagine republicans looking at that and saying it certainly has nothing to do with infrastructure only, so where was he talking about? >> right. it's in the reconciliation plan

which, by the way, the parliamentarian will likely pull out because that's not part of what reconciliation should be just like when they pulled out the $15 an hour minimum wage increase. but you know the shame of it, the shame of it is one of the other problems we have, huge problem, is the border. i mean, this creates an incentive, right? the idea of amnesty for more of a rush on our board. and, look, the daca situation should be corrected. i think republicans and democrats can get together on that, but we've got to have border security first, and that's what the american people want. border security, then deal with the dreamers act. makes sense. neil: all right. and infrastructure -- >> separately. neil: right now if you're going to tee up something, that's something you're very, very close to. congressman meuser, thank you very much is, sir is. good catching up with you. >> you too, neil, thanks. neil all right. maybe some mixed priorities on capitol hill. back with mike murphy and kelsey

bolar. one of the things the congressman raised, it's a valid point, that they're all over the map on this, that the priorities for the time being if you're going to be pushing infrastructure is on infrastructure and infrastructure only. you want to proceed to some of these bigger plans, have at it, but they can't agree on where to agree, and yet they agree on the core principles of that infrastructure only man that does yet, ebb indeed, include our online infrastructure. yet they can't proceed past go. what the heck's going on? >> well, the problem for republicans is that they did try to cooperate with president biden and their democrat colleagues and formulate a bipartisan infrastructure bill that, yes, emphasized actual infrastructure, roads and bridges and so forth. and they agreed on some type of framework. but shortly after that, president biden turned around and told his more progressive,

far-left base, oh, don't worry, i'm still going to pass all of my far-left priorities using reconciliation without any bipartisan support. what does that say to republicans? if anyone was having a negotiation where their counterpart tried to pull that, i think it would be a huge insult. and if i were a republican lawmaker, i would be questioning whether president biden and my democrat colleagues are are negotiating in good faith or, you know, are they saying these priorities which we do not agree to, we're just going to ram them through using reconciliation when we don't need you, and we're going the use you when it's helpful. that's not a good look for any type of real bipartisanship. of course -- [laughter] and it's, frankly, unfortunate because infrastructure is one of the very few issues in washington, d.c. where we could and should get a bipartisan deal. neil: you know, this might be a

crackpot thought, mike, but you've endured them from me all these years. i think the reason why the markets ignore all this is that inherent in this controversy is the fact that tax hikes are delayed. i'm not saying they're denied, i think they still could happen, but they might not be a this-year eshoo. and -- issue. and do you think that is part of wall street whistling past -- i know wall street particularly likes spending because it's stimulative, but it's sort of like a nicotine fix, it's short-lived. if tax hikes are delayed though, that's another issue. what do you make of that? >> for sure, neil, you're 100% right. tax hikes being delay would be looked at positively from the markets. but i also think, neil, the market has gotten so used to the bickering in washington, you know, whether it's from raising the tax ceiling or infrastructure bill or whatever it is, it seems like the market pretty much whistles past that

because things do get resolved, you know? the government even gets shut down, we look a past that because it gets reopened. i think the most important thing as an investor right now is the strength of the economy and the strength of corporate earnings. and is right now the economy's going through a huge recovery, and corporate earnings, we're seeing them all around us this week, are coming in very strong. i think that's why we're sitting at all-time highs right now. neil: that's very good points, both of you, which is why people should demand fbn if you're not getting fbn. of course, if you're watching, you've already got fbn. guys, thank you so much is. they're both so glad to leave, i couldn't deal with neil one. minute. by the way, keeping you abreast of these developments, most of the internet outages is resolving itself. not white sure how things are going on the 911 disruption

front, we know this likely and could very much be a disruption disruption -- a part of that infrastructure plan. but i hasten to add as i guess we're reporting here that one of this has rattled wall street with the belief being here that the wind at the back of not only strong earnings, but the fact that americans, although not happily, are paying the higher prices because they can. that's an important us de2006, because you can. -- distinction. and the question everybody's asking is for how long? stay with us, you're watching fox business. ♪♪ oh! are you using liberty mutual's coverage customizer tool? sorry? well, since you asked. it finds discounts and policy recommendations, so you only pay for what you need. limu, you're an animal!

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♪ >> welcome back to coast to coast, or i'm chad pergram on capitol hill. the gop claims that house speaker nancy pelosi is playing politicses by yanking two of their members from a cree as --

a committee. but competing investigations means competing outcomes if the public doesn't buy in. >> it's not even bipartisan, it's nonpartisan. it's about seeking the truth. the less partisan it is, the more it will be accept by the american, by the american people. >> reporter: washington republican jaime herrera buetler voted to impeach former president trump. she worries about the findings and the public. >> it's not kevin mccarthy's caucus, it's not nancy pelosi's caucus. the audience is the american people. no up one's going to believe -- no one's going to believe what either side comes up with. >> reporter: such discontent between top leaders spills over into other issues like bipartisan infrastructure package. >> i think there's some issues with some of the pay-fors which has been going on now for a while. but i think they're

overcomeable. >> reporter: liberal democrats say they just won't accept the senate's bipartisan bill. pelosi says the senate must pass both will first before she -- bills first before she bring them up in the house. neil? neil: chad, thank you very, very much. before we go to break here, we're learning that the treasury's sanctioning the cuban minister of defense for abuses against protesters. finish talk as well that economic sanctions could be put down as well. that has not yet happened, but sanction ises against these guys has. we'll keep you posted. stay with us. me after time. gold. your strategic advantage. that building you're trying to buy, you should ten-x it. ten-x is the world's largest online commercial real estate exchange. and it's fast. if i could, i'd ten-x everything.

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>> we've significantly increased the number of officers who can hear cases as to whether or not you qualify under the law for being here as a refugee. that is, that's what we've done. thirdly, we have been able to move significantly to change the number -- there were thousands of people in custody with the border patrol. it's now cut by 90%, considerably down. neil: all right. so the president there talking about the number of migrant cases that they're dealing with at the border. now, i heard that, and i

thought, all right, i can't verify one way or the other, but i know this next gentleman can, ron vitiello, former chief of border patrol. ron, it's always a great having you. let me ask you about what the president was citing there. they've bumped up, obviously, the number of people who are policing these cases and dealing with them and speeding that up. but he seemed to conflate that act activity with a decline in cases or even with the follow-up question, cases at the border period. aren't a lot of those cases being moved elsewhere? in other words, not at the border, but in the case of, for example, migrant minors moved totally out of the area to places like tennessee and north carolina and all that? tell me what's really going on with these numbers. >> well, at best, it's confusing, right? he's saying that the conditions are better, and you could say that, you know, there's been an expedited move to have shelter space for children, and you're

correct. that shelter space is all over the country. so minors that are coming unaccompanied, migrant minors coming unaccompanied to the border are being shipped all over the country because they're all being released into the united states eventually. first at a shelter -- first with border patrol for a brief time, then to a shelter, then released to family members in the united states. there's no success is here. we're in recorder the tore as it relate -- territory as it relates to the flow at the border. we're already over a million apprehensions and we're just in july this year, and 188,000 in the month of june. so we're in record territory. we haven't seen numbers like this at the border for almost 20 years. so this is not a measure of success. we're in the largest surge of migrants coming to the border that we've seen in almost 20 years, and the first time finish the worst it's ever been during the creation of this department. neil: so, ron, where is it improving then? when the president talks about

the alarming, you know, these stuffed to the gills cages for migrant minors and all the rest, if that's not happening anymore, is it because a lot of them have been ship ised and transferred elsewhere? the numbers haven't changed, it's just they're spread out more? >> no, the volume is much higher than it was. in the beginning of this administration when they pulled down the policies that were keeping a surge like this from to occurring, they were unprepared. they reversed the policies without adequate transportation, shelter space and a augmentation at board patrol stations. now, they've recovered from the augmentation, right in they can now move children into shelters. they've increased the number of shelters in the united states. but the flow is much bigger than we've ever seen. neil: ron, another question i have, you would think, you know far more than i do though, that the really oppressive heat and conditions now in the summer of

the border that numbers would -- that alone would make them go down because it's obviously at lot more harmful, laborious, but it hasn't. why is that? >> because the situation that's, that is -- when they took these policies away, they're encouraging people to come to the border. many families are being released, children are all being released, and then there's so much flow at the border that the border patrol is distracted so lots of people are coming into the country and not even being seen by the border patrol. so now we sent a signal to the world that if you to come to the border now, it's the best time to do it. and so that signal has gone up across the globe. and on top of that, some of these candidates the current administration have talked about giving all the people who are in the country illegally a pathway to citizenship. so it's an effect that always -- the talk of an amnesty has

always encouraged more flow at the border, and this is a case that we're seeing now because people are responding to the incentive. you have the incentive of not getting caught at all, you have the incentive of maybe being released if you are caught. and then they change the priorities for immigration enforcement inside of the united states. so unless you're a serious criminal who's been convicted -- not just arrested. if you're a threat to public safety in the terrorism sense or you just crossed the border, you're not going to be pursued by immigration authorities, i.c.e., in the united states. so the incentives are much stronger than the deterrent of immigration enforcement in the interior. neil: all right. thank you very much for that, ron. as ron was wrapping up there, another area where they're dealing with related issues, cuba. the president's reviewing its remittance policy to best support the cuban people. not saying whether they'll let more in or even consider that, but they're trying to clarify

sometimes this lack of distinction between what's going on there and at the border or whether they're related one way or the other. but the push for consistency is probably leaving more people confused than satisfied. stay with us. ♪ ♪ never gonna fall for modern love. ♪ walks beside me, modern love -- ♪ walks on by, gets me to church on time ♪♪ jason, did you know geico could save you hundreds on car insurance and a whole lot more? cool. so what are you waiting for? mckayla maroney to get your frisbee off the roof? i'll get it. ♪ (upbeat music) ♪ ♪ ♪ whoa. here you go. (in unison) thank you mckayla! . .

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♪. neil: from the news agency indications tokyo olympics are on despite concerns that the olympic organizer there he could see a last-minute shelving of the games. it will not happen. 7:00 a.m. their time the games will kick off. the opening ceremonies will be seen in this country about at that time, but at night. there will be a delay. here is charles payne. charles: neil, thank you very. good afternoon, everyone, i'm charles payne. this is making money. after market swings, there is a pause right now. you can feel the tension in the air obviously which by the way has been great for the stock market and this rally. crocs, my stock of the day, maybe the decade. why it is latest example it pays to ignore the smart money and follow where you spend your money.