their energies by the brain but in children's brains they use almost half of their body's energy. a youngster like you should have got the answer right there, tepper. i'm surprised at you. >> but i did. i did. stuart: you got it after a while. will you see us again please? hope to have you on the show soon. >> thank you. stuart: time is up for me. jackie deangelis in for neil. jackie: i'm jackie deangelis in for neil cavuto on cavuto "coast to coast." they work on to sign off on the president's pricey infrastructure bill but could the white house be the biggest obstacle? we'll ask florida congressman carlos gimenez next. we have a restaurant owner here with us giving us his take.

a summer of violence with no end in sight. as the spike in shootings over the weekend puts american cities on edge. reaction from one of the founding members of the guardian angels arnold salinas coming up. first, folks let's go ahead to start with the senate. one step closer passing a one trillion dollar bipartisan infrastructure bill. as they look to push forward another round of covid relief spending and taxes. chad pergram is on capitol hill. good afternoon, chad. reporter: the senate is starting the amendment process on the bipartisan infrastructure bill. the senators can alter the base text of the bill. gop members are leery what democrats may try to do to the bill as cases surge. >> whether it is aoc, ayanna pressley, cori bush, they have been consistent on this skins the beginning of the whole bipartisan process. they are clear, they want all of their cake. they don't just want a slice of

cake. reporter: one example after potential amendment could focus on the covid eviction shun moratorium. it expired friday night. liberal democrats spent the weekend on the house steps pushing for congressional action. >> we got to get this done. this is the opportunity for government to work together to come together and figure it out. people who are in danger of being evicted, they don't care about all the rules and policies and procedures. they want to stay in their home, period. reporter: the house left town friday t lacked votes to extend the eviction freeze. democrats that worked on the bipartisan bill tout what is in the measure. >> this is the largest investment in clean drinking water and wastewater infrastructure in american history. the largest. it is the largest dedicated bridge investment since the construction of the interstate highway system. reporter: house progressives say the $1.2 trillion infrastructure bill is not robust enough. they're already pushing

$3.5 trillion bill. a surge in the virus could dictate the size and scope of that bill. jack. jackie: chad pergram, great to see you. new claims of mask mandate hypocrisy. washington mayor muriel bowser officiating a wedding after reinstating a mask mandate for residents. hillary vaughn on the hill with the details for us. reporter: jackie, the d.c. mayor was caught maskless just hours after her mask mandate for indoors went into effect of the mayor officiated an outdoor wedding ceremony on saturday but was snapped without her mask inside at the reception. the mayor's office telling fox in a statement, quote, on saturday, july 31st, mayor bowser officiate ad outdoor rooftop wedding ceremony followed by an indoor dinner. the mayor wore a mask indoors in compliance with the mandate. "the washington examiner" who broke the story said she did not wear a mask during the wedding

toast, even when not actively eating or drinking as seen in this photo. the mayor the night before was seen posing with comedian dave schappell before his show reopened at the anthem theater friday night just hours before the mask mandate she put into effect would go into effect. bowser is not the only politician in d.c. getting blow back for skirting the rules. speaker nancy pelosi spotted on friday taking her mask on the house side to take a photo. >> can we make off our masks for the photo? would that be allowed? reporter: this is a direct violation of the house mask mandate. she has stood by but did not abide by at that time. the capitol attending physician says masks are required inside all house buildings when more than one person is present. pelosi took off her mask again on the house side in the capitol in statuary hall which we're told applies to the indoor mask mandate on the house side.

we reached out to her office for comment. we have not heard back. jackie: thanks so much, hillary. do as i say, don't do as i do. fox correspondent bill melugin at the border in mack call len, texas. hey, bill. reporter: what we're told from the dhs contacts that local agents at mcallen, texas, are 530% overcapacity. we've been watching mass releases in the downtown border patrol. vans and buses show up every 15 minutes dropping off migrants by the hundreds to a local catholic charity. they get plane tickets, bus tickets, go across wherever they want to go across the country. this is why border patrol is so overwhelmed this is a bridge in mission, texas. this is one of the biggest groups we ever seen processed at

once. a group of 1000 people. massive crowd underneath that bridge. what we're told from dhs sources, over the weekend here in the rio grande valerie, there are 8,000 apprehension of migrants. 3,000 in the last 24 hours. there is a massive group under the bridge waiting to be processed. this happens day and night. this is the video in la joya, texas, a group of 200 migrants. if you want to bump back out live you see another group of migrants released by the charity. this happens constantly. they get released to the other catholic charity building and the bus station across the street. this is something taking place constantly out here. this goes to show how overwhelmed 9 border patrol is, they're doing mass releases of migrants. dropping them down in downtown mcallen, where they go is up to migrants. we've seen baltimore, philly, somewhere in louisiana. they're going all over the place. send it back to you.

jackie: bill melugin thank you as always. florida governor ron desantis facing criticism making mask wearing optional in schools as florida sees highest one day total for cases since the start of the pandemic. our next guest calling out the critics for what he calls hypocrisy as covid positive migrants continue to be housed at our southern border. florida republican congressman carlos gimenez joins me now. good afternoon to you. let's start with that. start with the hypocrisy what we're seeing at the border. >> absolutely. we're asked to mask up and do all kinds of things here in the united states and yet they're allowing thousands upon thousands upon hundreds of thousands of migrants to flow across the southern border without any kind of proof they have been vaccinated, without any proof they even had a test. if you went to mexico tomorrow to vacation, say for a day or two, want to come back to the united states you have to show proof that you've been, you have a negative test.

no such proof exists for these migrants. so you as an american citizen will be treated worse than a migrant crossing the border. jackie: bill showing us pictures in his report under the bridge, looks like a superspreader event. people are maskless, huddled together. you see the photographs right now. it is really stunning to see. he talked about how literally the migrants are released, given a bus ticket, to go, rome through the country. >> absolutely. not only that, they also have a new lambda variant. we don't know how contagious, how deadly the lambda virus, that variation is yet. they're being allowed to come in, get on a bus, go around the nation, be superspreaders themselves. that is the hypocrisy of the democrats. that is the hypocrisy of the biden administration. jackie: talk about specifically what is happening in florida. governor desantis making mask wearing optional in schools.

there is not so much science or so much evidence to show children are mass spreaders of this, or they would be severely harmed catching covid-19. you see all the kids, i see them in new york city, masked up outside. you feel for them in the 90-degree heat. it is really difficult on children. it is difficult for them to sit in the classroom all day with masks on. your opinion on his approach to this. >> the governor is absolutely correct. it is up to the parents. we send a message we want everybody to be vaccinated. the mask wear something a false sense of security. i always felt once the vaccine was available, and everybody had access to the vaccine i think we need to shed our masks. this particular virus is contagious. if you are unvaccinated, and put a mask on you have a false sense of security. the message should be get as many people as vaccinated as possible. the vaccines work. jackie: you bring up a gait

point t should be the focus rather than masking per se. you wrote to the commissioner of the fda. and one of points you make, as long as vaccines we developed here in this country remain under emergency use authorization, pardon me, it makes people leery of wanting to get the vaccine. why can't the fda change the status of these vaccines that we have? >> they should. we have hundreds of millions of cases of people have been vaccinated. they have plenty of evidence what are the side-effects of the vaccine? is it safe and for everything that i've seen the vaccines are safe and the vaccines are effective. the fact that they're experimental, that makes a lot of people think, wait a minute, i will not try a experimental drug. let's get these things approved. at least that excuse is taken off the table. let's go ahead and really try to push to get people vaccinated. and by making them wear masks and having vaccinated people wear masks, i think that is sending exactly the wrong

message at this time. we need to get people vaccinated. that is the only way we can get back to normal. jackie: i want to shift gears for one moment because democratic congresswoman alexandria ocasio-cortez seems to have thrown some cold water on the momentum we're seeing behind the bipartisan infrastructure bill. i want you to listen to this. >> there is not a reconciliation bill in the house and if the senate does not pass the reconciliation bill, we will uphold our end of the bargain and not pass the bipartisan bill until we get all the investments in. jackie: she is pretty up front. we'll pass your bill if we can ram ours through too? >> that's right. that is the way it is working in the house. really my way or the hawaii guess. somebody said she wants the entire cake. i think, she, every once in a while you eat a entire cake and get sick. if we take the entire cake and feed it to the country, the country is showing symptoms, inflation. we're paying more and more for everything. she wants to add $3 trillion,

put pressure on inflation. a tax on everybody in the country. my way or the highway. these radical socialist policies she wants to ram down the throats of america basically to change what america is, and what america has been for the past 200 years. so, you know, it is not, it is not unusual for her to say that. she threw a hissy fit the other day when she didn't get the passage of the extending the moratorium on the, on evictions. jackie: yeah. >> again something they couldn't even get enough votes on the democrat side. she was really, really upset about it because she couldn't get it passed. that is just alexandria ocasio-cortez for you. that is the way she is. jackie: congressman, chad made the point in his report that possibly as they start reworking this one trillion dollar bill and they start making changes and amendments that maybe they will try to push some of these calling covid related issues back into this bill too? >> just like they passed

$1.9 trillion covid relief package had nothing to do with covid, everything is under the guise of a crisis. all these crises are being manufactured. some of them at least. the southern border crisis definitely is something created by the biden administration. so they use all this as excuses to pass this radical, leftist, socialist agenda and ram it down the throats of america and you know, i'm glad that at least in the senate they have the votes to stop it at least for now. let's see what comes out of the senate. let's see if in fact they get reconciliation out of the senate. ram it down the throats of us in the republicans in congress. jackie: we'll watch closely. congressman, good to see you this afternoon. thank you for joining us. >> good to see you too. my pleasure. jackie: coming up the delta variant is causing new worries for the labor market. some wonder if parents are stuck at home with their children this school year? democrats are scrambling to keep

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jackie: welcome back, everybody. stocks off the earlier highs. investors anticipating the jobs report friday but the u.s. labor revival is in doubt as the delta variant is threatening back to school plans. joining me macro trend advisors, llc partner mitch roschelle and gibbs wealth management president erin gibbs. mitch, start with you. a big concern on everybody's radar. what happens with delta and do we see the government say okay, maybe we don't go back to school? maybe parents have to stay home, maybe we have to extend unemployment benefits? the market wouldn't like that. >> heaven knows we don't want to extend unemployment benefits that create an incentive not to go back to work. remember, three things were keeping people out of the job market. one of them was those unemployment benefits. the other was safety in the work place. then last was child care. so if kids are back at home,

even if on a hybrid basis, if people are concerned about safety in the workforce, in the workplace, rather that is going to be a tremendous headwind, jackie, for getting people back to work. i'm starting to hear more and more companies starting with a, mask rules in the work place, b, this whole debate whether or not you have to be vaccinated to return. i do think after labor day when those benefits expire there is going to be a lot of noise in the system around getting people back to work around i do worry about the fate of the recovery. jackie: i want to bring erin in on this, looking at the dow jones was up 200 points, hitting an all-time high this morning, back and forth around the flat line here. you can see investors are on edge about everything happening right now? >> yeah. certainly we're looking for getting back to normal. when you look at earnings estimates, when you look at any type of record and we're expecting businesses to be near normal levels by the

fourth quarter. so anything that holds us back, particularly health care which is obviously women have harder time getting employment and getting back to work, that is something wall street will be concerned with. they have been living off of pent-up demand so far. as that slowly pans out, we need to get back to full normalcy, this could definitely hurt companies in the second half of the year. jackie: mitch, to erin's point, we had a recovery road map if you will, the market was expecting to see things go back to normal after labor day. we start picking up even more. the gdp number coming at 6 1/2%, even though it was strong relatively speaking. the market was not necessarily, any of us anticipating to see a little bit of a roadblock. so you look at the delta variant, you wonder is this a couple of weeks of a blip or is this something more long term? >> you know, listen, i think we need to separate the true health care and health crisis, you

know, of the pandemic and then the politicization of it, which i think, those two are running on parallel tracks but they keep crisscrossing. right now the delta variant, if we get the delta variant under control, a lot of medical professionals on this network, on the business network, on the news channel believe it will, it will peak and die down like most of these things. what about the rest of the greek alphabet? what about the gamma, theta. jackie: we're talking about lambda. >> right. literally, it is like a fraternity house, right? i worry about every time this happens it becoming a political issue and i do think that companies are very concerned about that and concerned about the risks. so i do worry about the second half of the year. we have a jobs report coming out on friday. so i think there is a lot in the soup that could, you know, spook the recovery and the market as a result. jackie: erin, we talk a lot

about inflation on the program. how it is impacting consumers and impacting the market long term. you think about how the labor market dynamics play into that. people are not going back to work at the moment. paid more to stay home. it is not really worth it. if the dynamic, what happens to the inflation picture then? >> right. the longer that it stays high, rather than us seeing real numbers, that it isn't transitory can definitely hurt the market at least temporary temporaryily. we have big inflation numbers coming out next week. a lot of people will be quote, looking at to see how july panned out for us. jackie: we'll be watching closely. mitch and erin, stay right there we'll have you back later this hour. i want to head over to edward lawrence in washington because america officially hit the debt ceiling over the weekend, forcing the treasury department to begin taking extraordinary measures to prevent defaulting. edward, you're at the white house. give us the latest.

reporter: jackie, the extraordinary measures weren't into place today. this is something the treasury secretary said they had to have happen to pay the bills of the u.s. government for as long as possible. the treasury secretary said they need to take the steps to prolong amount of cash they have right now just in case. the treasury department did a number of things. they will no longer issue the sale of u.s. treasurys to fund debt. it allows the treasury to redeem certain investments in federal pension programs as well as halt new ones to raise cash. the treasury department is having difficulty right now trying to figure out exactly when the government will run out of money because of all the covid related spending that has happened. the head of the bipartisan policy center said we've come to the brink of not paying bills too many times. >> the result of not making good on all of the u.s. governments bills is unthinkable. it has never happened in modern u.s. history but we've taken ourselves that close many

different times over the past decade. we really need to find a better way. both parties are realizing that the current method of addressing the debt limit is not working for anybody. reporter: now the house of representatives is on a scheduled break until september 23rd. house members were told to be ready to come back for the bipartisan infrastructure deal so not the debt ceiling n 2011 we came close to the limit. that year for the first time ever u.s. credit was downgraded. it sent the market into a tizzy. senior democratic aide is telling me there were discussions about the debt ceiling are ongoing. experts say it will be likely attached to another bill to get passed. right now the treasury department is trying to figure out what that exact date is when we will run out of money in a letter the treasury secretary sent to the congressional leadership on july 20 third. she said october 1st is a big day. $150 billion goes out of the treasury for programs they need

to spend on. health care, retirement programs, defend spending, other things. estimates put the date sometime in the fall when the u.s. won't be able to repay its bills anymore if nothing happens. jackie: edward, amazing. we're talking about so much spending, we can't manage the debt we have. coming up on the show, a gang related shooting leaves bystanders hurt. we talk to a founding member of the guardian angels on how to stop the crime crisis. mutual, so you 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.

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♪. jackie: welcome back. a mass shooting in new york city caught on camera. 10 people were hurt in the violence that erupted on the street in queens. fox news correspondent bryan llenas has more for us. good afternoon, bryan. reporter: good afternoon, jackie. look over the weekend here in new york city there were essentially 33 people shot, 19 shooting incidents and six

people lot of their lives. now a manhunt is underway for the four men responsible for saturday night's mass moped shooting. two men dressed in hoodies, wearing face masks opening fire on a sidewalk in queens, new york. the shooters were picked up by two accomplices on mopeds as they fled the scene. 10 people suffered nonlife-threatening gunshot wounds. they believe the three were quote of brazen, coordinated gang-related shooting. meanwhile the gang members, this gang members shot an nypd lieutenant in the ankle last friday night in the bronx. the armed gang member reportedly arrested, get this, 25 prior times. was out free on bail on a gun arrest made in november. here is police body camera footage of the violent struggle. >> reaching for it. stop reaching for it. stop reaching for it. stop reaching for it, dude.

[bleep] stop it, stop it. reporter: of the wounded officer is expected to make a full recovery. the nypd releasing surveillance footage show a man robbed at gunpoint in downtown manhattan on early sunday morning. the victim was shot but reportedly expected to survive. yesterday both candidates to be the next new york city mayor, republican curtis sliwa and democrat eric adams spoke from the scene. >> you must re-fund the police. we must hire an additional 3,000 police to get us back to 38,000 cops we need to get control. >> need to cover every hot spot. they were the intel must be used to take down gangs. reporter: there have been 867 shootings this year. that is up 18% compared to last year. 102% compared to 2019.

jackie? jackie: bryan llenas, thank you so much. we have guardian angels seen sore director of operations arnold salinas is here to talk about all of this. arnold, good to see you. the current mayor is silent on this and in some ways the root cause of the problem. >> absolutely f you're not part of the solution obviously you're part of the problem. he is asleep, asleep at the wheel, has been for eight years. we need new blood in there. we need curtis sliwa in there to motivate the police to do their job because just having 38,000 police under the wrong leadership look what can happen. jackie: yeah, absolutely. i mean we talked about for the last 15 months defunding the police. it is really no shock when you think about it we've seen such a surge in crime. both candidates, sliwa, and adams saying this is a major

issue. it has to be resolved for new york city to get back on its feet in earnest people have to feel safe walking on the street. >> right. well defund the police, how has that worked out? bail reform, how has that worked out? we need leadership here. we need someone with the onions with a track record of success of bringing people, policies and procedures together. because we can't rely solely on the police. we can have 50,000 cops out there. if there is no bridge between community and cops it is going to be an uphill battle. however curtis sliwa has proven himself. we have 138 chapters in 14 countries which he runs. he has the finger on the pulse every single day, regardless to whats he is doing he answers calls. he has a network of people such as myself and others around the

world that make sure that we keep the balances and everything in check. we need a leadership in new york that is reminiscent of rudy giuliani. of michael bloomberg. jackie: i hear you. and certainly the city was much safer then. that is the new york city that i love, i remember, walking around and feeling safe at that time. part of the problem with the defund the police movement however has been the fact that the police themselves don't want to be a part of this anymore because to a certain extent they have been attacked. sew what we've seen is people going into early retirement and people not wanting to join the force. now all of a sudden there is a cry to find money to hire police officers but there is a shortage of people who want to fill the role. >> absolutely. i mean if you were a police officer, jackie, and first and foremost you're putting your life on the line, something that

guardian angels know fully and we accept it as civilians but then not only are you expected to uphold the law and maintain some kind of decorum but in the back of your mind, oh, if i make the wrong move i'm going to get sued. there is no longer immunity for police. way before the defund the police if you remember our fine men and women in blue were turning their backs on the mayor as he had done to them. so this is a systemic problem with the administration, with the democratic administration that's in place now, be it the governor or be it the de blasio. we need change. we need someone that will motivate the police to do their job. we need someone that will go into the precincts, shake hands

of men and women in blue who are the front line warriors. without them there will be chaos. and we need to structure this in a way where community and police are working together towards one goal. jackie: that is a comment, arnold, i've been here throughout the pandemic. i've seen this happen. there is chaos right now. people are scared to walk around the streets. you don't know if you're safe, someone will protect you if something happens. bystanders don't want to get involved in anything. it has been a difficult time. we look forward to change, the city trying to get back to its glory. it is very sad what happened here during the pandemic and beyond. >> it is. there is a mad exodus not just from nypd but from new york. jackie: yep. from the residents. from the residents. and many taxpayers that keep the city afloat as well, it is something to think about. >> absolutely. our motto has been and will

always be, don't move, improve. jackie: yeah. >> how about that? rather than working three jobs to buy a little hut out in the everglades in florida why don't you try putting your children in check? there are many parents out there who are as much to blame even though they might not think so. jackie: yeah. >> the answer to security is in the mirror every morning. jackie: arnold salinas, thank you very much. we appreciate your time. good to see you today. >> thank you, jackie. jackie: coming up new york governor andrew cuomo saying private businesses should require vaccinations. reaction from new york restaurant owner after the break. new bombshells details the search to determine the origins of covid-19. why 2019 requests from the wuhan lab is raising red flags. we'll be right back.

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lockdowns but that concept is still looming for business owners here. michelle is the owner of gene and georgetti. this iconic restaurant. the possibility there could be more lockdowns or restrictions on the way, certainly something on your mind, right? >> absolutely. after the year we've all had it is something always on your mind. we're in constant state of recovery last couple months which has felt good. anytime you hear the potential to move backwards it definitely cause as little bit of concern and alarm. reporter: over the past few days we've seen from a lot of national retail chains like target, walmart, kroger, they're all encouraging customers to wear masks now even if they are vaccinated. you haven't done anything like that. what would it take to change the rules you're following here? >> i think what we're doing is really waiting and seeing -- we always look to the city and the state for guidance that is where we are a business, where we're located. if people feel comfortable to wear a mask.

we're waiting to learn more from the city to see where it goes from here. it is wait and see unfortunately. reporter: it has to be especially tough, you alluded to the recovery you've been experiencing. the last two months in chicago have been basically normal. you're kind of on edge again. >> there are things like staffing shortages. restaurants are not okay. it has been better than it was before. progress is the key to continued recovery. this potential to move backwards to interrupt the progress is really frightening for business owners, especially restaurants. reporter: jackie, michelle speaks, for you know a lot of business owners who have the looming idea there could be more lockdowns or restrictions on the way but as of right now in chicago none. jackie: great did i, very frightening, progress she mentioned. owners don't know what to do. we appreciate the report hearing what is happening in chicago. i want to bring in dover group ceo how he is bracing for

for mandates. butch you say you will leave the decision up to the customers whether they're vaccinated or not and they can enter the premises? >> yes, jackie. we have to give our customers a break too. we can only mandate so much. it becomes a nightmare to enforce. i can't antagonize guests coming to my restaurant and catering hall in new york you have to do something not required by law. we want everybody to healthy and we hope this will pass. nobody wants the pandemic to pass more than somebody in the restaurant industry. we've been hit so hard but to mandate something like this would be a nightmare and very antagonistic on my guests. jackie: the government isn't doing it. they can't do it. they want private businesses to do it. some here in new york chosen they will have a vaccine mandate. we have the mask issue as well. the cdc going back on its guidance t was interesting last week. i walked into a dunkin' donuts after the cdc made the

suggestion they should be wearing masks again. i was the only person in the store that didn't have a mask on. everybody looked at me i was a terrorist or something. but it is hard for everybody to keep up with what is going on. to do the right thing and know where we are in the process? >> it is nearly impossible. if we follow all the rules and guidelines we're given, that is enough by itself. look what we had to do to our guests over the past 15, 16 months. you have to eat outside. wear a mask. take the mask off. you can't buy alcohol without buying food. you can't stand up. can't dance. you have to be socially distant. there are some rules and regulations people are exhausted. you give them the opportunity to come back, things are looking more like normal and here we go again. we can't be the people that have to enforce this. this should be enforced by the government. we'll follow whatever rules are mandated to us. we can't be the police. we can't be. jackie: so interesting that you say that, i would marvel all the

time trying to dine out during the pandemic you have to wear your mask to walk into the restaurant but when you sit down, then you can take your mask off. what is the difference i'm sitting over here or standing over here? one requires a mask, one doesn't. it was shocking to me. >> everything is so ambiguous. you don't know what to do. people are confused. people are getting summons, violations from different agencies in the city or the state. everybody is scared. people are scared to come. now this even further heightens the alert for everybody, is it going to come back now? what is going to happen? guys like me have multiple places. we don't know what to do. we can't get staff. if you have staff it is marred. now you have to aggravate your customers even more. we don't want to do that but if we're forced to we will. we have to follow the rules. jackie: as the other restaurant owner mention it is progress moving in the right direction. it feels like we may be moving backwards. it is scary to me as a citizen

but scary to you as a business owner as well. we appreciate your time. >> very scary. thank you very much. jackie: coming up some democrats want to extend the eviction ban, that help is there. it hasn't been handed out. we have the details when we come back. ♪ as i observe investors balance risk and reward, i see one element securing portfolios, time after time. gold. your strategic advantage. this isn't just freight. these aren't just shipments. they're promises. promises of all shapes and sizes. each with a time and a place they've been promised to be. a promise is everything to old dominion, because it means everything to you. that building you're trying to buy, - you should ten-x it. - ten-x it?

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that. your response. >> alexandria ocasio-cortez probably never collected a rent bill in her life so she has no idea what that is like but the reality is, this is from the urban institute, 77% of small dwellings are owned by mom-and-pop landlords. all of this eight going to tenants isn't finding its way to tenants but the landlord still has to pay property tax payments, still has to pay utility bills. most single family homes in america could be -- family homes. single family is defined by freddy and fannie, you live in one-half and rent the other. there is no relief for the mom-and-pop landlords. they are the bread and butter in many communities where people rent their homes. jackie: absolutely. when we think about small businesses in this country, erin, the backbone of our society, we think about retail, we think about restaurants. but i would include the mom-and-pop landlords in there as well. they still have to pay their mortgage.

>> absolutely. when we look at just how much has been distributed, i think that is really the failing of these small businesses when only 3 billion out of 46 billion has been directed. that business is abysmally slow knowing the moratorium is coming up -- [inaudible]. why aren't we getting help to the business owners? why aren't they the priority? jackie: how much, mitch, isn't priced into this market, sort of this trickle-down effect of covid-19 that we haven't necessarily realized, understood the impact of just yet? >> i think we saw it last, late last week, jackie, with the personal income data that came out where we saw this big, massive, savings that took place you know, during the lockdown phase running up, trillions of dollars worth of savings. got depleted pretty quickly and i think what is happening right now, and the market will wake up to it, the fact that a lot

excess savings pent-up demand down the road has gotten spent because there is a lot of income not coming in the doors, whether you're a small business owner, you're a mom-and-pop landlord. so i think when the market realizes that, i believe, that there is a little bit of a day of reckoning because i don't think this consumption train can continue. jackie: erin, final word in the last 20 seconds we have here. assuming for the purposes of this conversation that many of these folks were not able to pay their bills but there is definitely always people who abuse the system and take advantage of it too. >> right. so we know about 15% of all renters are not paying their rent. it is a live difficult to figure out what percentage are actually able to pay their rent and actually do and who will actually have to be evicted but you know, we can't assume it is certainly much lower than 15%. some people are taking advantage. then we'll have to find help for those who can't but at least the

landlords are able to then find new tenants. this will be more concentrated in the south. jackie: guys, appreciate your time today. nice to see you, mitch and erin. after the break why a new report is raising a concern about the true cost of closing schools during the pandemic. more "cavuto: coast to coast" when question come back. ♪ .... of flexible booking options. expedia. it matters who you travel with. to run a growing business, is to be on a journey.

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jackie: welcome to the second hour of cavuto "coast to coast" i'm jackie deangelis in for neil cavuto. well, covid fears abound as new york governor andrew cuomo asks businesses to require vaccines for their employees, and customers, and the dow pairing today's gains after hitting an all-time high earlier. markets had been weathering the delta jitters. president biden gets a briefing from his covid team this hour, we're going to give you the updates as well, plus chick- flation, chicken shortage and higher prices is opening the door for a disruption, the ceo is coming up to share his secret sauce for vegan chicken nuggets, but first let's get to our top story this hour. president biden and vice president harris will be receiving a briefing soon from members on the covid response team. the white house says that it is

not looking to impose 2020 style lockdowns but more restrictions are on the table. edward lawrence is at the white house with more. hi, edward. reporter: hey, jackie that meeting is starting in about 15 minutes as the president is now just arrived here at the white house. they are going to be talking about what other restrictions might need to be in place to handle this delta variant. now the president has said that in all probability, there will be more restrictions. dr. fauci says what we're going to see it will be worse, even the former white house coronavirus testing czar under the trump adminitration says that remasking might be an important step. >> i do believe masking is an important component when you're indoors, in high-crowded situations in areas where there's high spread. that's something we can do. it won't prevent all the deaths but it'll prevent several tens of thousands. reporter: the u.s. is averaging 72000 new cases every day. that is a 44% increase from last

week, and the highest numbers since february. the current white house pushing vaccinations as a way to cut down on the spread. the chief of staff says the past seven days has been the best week since early june for the shot. still, we might be nudging closer towards a vaccination mandate from the administration. listen to this. >> we're looking into those policies, and quite honestly as people are doing that locally, those are individual local decisions as well. reporter: yeah, many businesses are mandating that employees get vaccinated before coming back to the office. now on that front, so far, many of those companies are saying un vaccinated workers can still work. they just can't come back to the office. we'll have to see where that mandate on vaccinated heads, back to you. jackie: edward lawrence thank you so much for that meantime here in new york governor andrew cuomo urging private businesses to require covid vaccines while mayor bill deblasio is recommending that vaccinated people wear the masks indoors.

fox news correspondent has more for us. good afternoon. reporter: hey, good afternoon to you. that's right. so the headline here in the city of new york city is that there will not be a mask mandate; however, the mayor here of new york city is highly recommending that people who are vaccinated and unvaccinated do wear a mask when they are in those public indoor settings, that be restaurants, that could be shops and stores, that could be hotels, and if you were to take a look outside in new york city you would see that people are not very many people are wearing masks right now and that's still going to continue at this hour, but really right now, per cdc standards new york city is a high transmission area. every county in the city had more than 50 cases per 100,000 over the last week. keep this in mind though, jackie the seven day daily average for

hospitalizations is only 35. now, earlier this morning. >> governor: your andrew cuomo put a lot of pressure on mayors across the state to follow the cdc mask guidelines. mayor bill deblasio says a mask mandate is not out of the question for now, though, he's still pushing the vaccines. listen. >> if everyone was vaccinated, covid would exist, but it would do very little harm in the scheme of things. we want to focus on vaccinated, vaccinated, vaccinated, but we aren't taking any tool off the table going forward depending on what the data and science tell us. reporter: jackie across the northeast as we battle the delta variant, new jersey and connecticut also not issuing those mask mandates, but again, rent mending that people wear masks when they are indoors, jackie? jackie: it's interesting to see there has been some resistance in blue states as well to get vaccinated. some of the finger pointing has been at the red states it seems to be a problem equally across the country. thank you so much for that.

>> you're welcome. jackie: a new report revealing school closures from 2020 could end up costing the united states $188 billion, and now, covid variant concerns once again raising worries about reopening schools. joining me now, jeanie allen center for education reform founder and ceo. if we move into the fall and have an issue with sending our children back-to-school then we'll have parents who have to stay home and continue the work at home dynamic. it's just like as soon as we take two-steps forward we're taking a couple steps back. >> that's right, jackie. we've been down this road before we also know what works, and what to do, and that is leaving these decisions in the hands of communities and parents as opposed to making decisions based on every community, every school is exact same, and so what makes sure that our economy keeps moving and that our kids do not move anymore? first let's start with let's not trust the traditional public

school system that royalty messed up in the last year, that did not know how to turn on a dime, that did not know how to put kids inception all virtual education and let's give that money, billions that are still out there, suppose idly for reopening the parents to make that decision. jackie: the private schools did it and they showed you it was possible and it could be done and done safely. now you've got a cdc saying children must go back-to-school, even if they have to wear masks while in the classroom, they should go back-to-school, president biden said he agrees with that advice, yet you've got the teacher's unions still pushing back and saying we don't know about this. >> and only saying, jackie, that we'll try to open schools, first of all, right? they are overwhelmingly powerful and look, we interviewed and we watched all last year at the diocese of boston and la, private schools like the one my husband teaches at, charter schools, innovative public

schools, stayed open and whenever there was an infection or whenever there was a case reported, those kids went home, sometimes they closed one or two days but we know that thousands of schools know what to do if we trust them, we've got to stop this top-down telling everyone what to do it's ruining our kids we're so far behind. we've got enough issues and we just have to do sort of what governor desantis did in florida let parents make that decision. jackie: national institute of health director dr. francis collins urging everyone to get behind this indoor masking situation. i just want to listen to this sound bite if we have it. >> if the goal here is to reduce transmission of this virus amongst children who are not completely immune from getting seriously ill, or having them pass it on to others in their households, the masks are the best thing we've got right now to reduce that. if delta is as contagious as we now know it is and we want to try to put an end to what is a very significant up-tick right

now, wearing masks, if you're under 12 and can't be vaccinated , when you're in school, is a really smart thing to do. jackie: jeanie, what do you make of this? i'm not surely i agree based on the data but if it means schools will reopen i think there be a lot of parents that would put the mask on their children. >> i think some might. i think most people don't have an issue but that's not the issue, right? the problem here is why do parents send their kids to school to learn? some may feel compromised by that. by the way some may not learn in a system they're mandated to attend so the bigger issue is, where are kids going to go where they will be productively educated, well educated and feel safe? that maybe in pods or the kinds of microschools that are popping up all around the country. we have got to stop making decisions about education as if, again, all of our children are the same, there's a one-size-fits-all, there shouldn't be a one-size-fits-all

mask policy. it should be up to communities and parents to make that decision. i'll wear a mask if i need to wear a mask some place. that's not the point, that's my choice. what is your choice? jackie: jeanie, thank you so much for sharing your insight with us and your experience as well really appreciate it. >> thank you. jackie: well, mask mandate mania is driving bar owners a little batty. the district tap tavern in indiana saw a big up-tick in customers once they were allowed to ditch the mask. the manager says if there's a reversal in policy he's not going to play the mask police again. joining me now michael cramfield , the district owner. michael let's put it this way. how tough would it be to put the beer back in the tap if this happened and we had new mandates? >> you know, for me, right now, it's just about what can we do to keep this economy open? obviously, wearing masks, it restricts a lot of people's freedom of movement, their

comfort, et cetera. hopefully, we continue to push, you know, since the very beginning, go get vaccinated is a smart thing to do. this is a real virus that we're dealing with, and it's going to have variants. i think it's most importantly, it's about finding a way to live with it, and still be able to allow business and travel and tourism. jackie: yeah, absolutely and i don't know if you could hear before we were talking about the kids being masked up and she was saying it should be up to the communities and parents and i'm hearing it should be up to your pat rones if you want to wear a mask, wear it and if you don't and you've been vaccinated , which by the way they've told us the vaccines are supposed to be effective against the variant, then you're in good shape and you know you can choose not to. >> absolutely. i really do believe at least at this point the vaccine is still

highly effective, and it's up to people's choice to choose to come back out and obviously i want to create an environment where people feel safe and comfortable and can still have fun. jackie: it's difficult because here in new york city, for example, you've got the mayor encouraging people to wear a mask, even if they've been vaccinated, in accordance with the cdc guidance, but he's not issuing a mask mandate but then you've got governor cuomo saying that businesses should, you know , implement a vaccine rule, and so there's so many rules and so many, nobody knows what to do you know, as far as i'm concerned, i think that i made my choice. it was the right choice for me. other people feel the same way, and when you talk about getting vaccinated or wearing masks, yes, it's to protect the greater community, but it's also to protect yourself. >> yes, and my biggest concern with all of this is that if we keep telling people who haven't decided whether or not to be vaccinated that you still have to wear a mask we know that vaccines are highly effective.

that, to me, deters people from going out and taking the option that is highly effective, so for me, it's about really continuing to promote that. i don't masks, i think it's a very difficult thing to measure but i think the vaccination is a very simple thing and very scientifically measured, and we just got to get on with our life we've got to learn how to live moving forward. we can't keep relying on government assistance. jackie: part of that conversation doesn't have to do with masks or vaccines. it has to do with people getting back to work, and right now, employees have been incentivized to stay home essentially. we're hoping that will end soon roughly a little bit after labor day. how are you dealing with a labor shortage? how are you dealing with incentivizing employees to come back to work? are you paying substantially more? >> we are, and, you know, we're seeing cost of everything rise because inflation is now everywhere. it's in the cost of our food

products. chicken wings are up 200% over where they were a year and a half ago. beef price is up 30-40%. all of this is getting passed on and so now, we are paying more, and doing more things to incentivize, back-of-the-house labor especially, front of the house, we also see a lot of times where people are coming in , they will apply and show up for one day and leave because somehow that's, i believe it's tripping some sort of reset to allow them to continue unemployment, so in indiana it's different, but it has been very difficult to keep a full staff because we have plenty of patron s ready to come back out, ready to enjoy themselves, come travel, go to business functions, and it's very difficult being able to serve the demand that is out there. jackie: there's a lot of pent-up demand, people have been couped up so long even if they have to pay more or dying to get a tap beer and have some

chicken wings just to be able to feel normal again, michael we appreciate your time and also your candor, this is a tough spot to be in we wish you well and hope that you can navigate it the best you can. >> hey, thank you so much pleasure being here. jackie: coming up, republicans releasing details from its investigation into the origins of covid. they say they now have evidence that covid leaked from a wuhan lab, we're going to bring it to you, and then, tired of chick- inflation? alpha foods wants you to wing it and try its cheaper alternative to chicken. the ceo is here, after this. >> ♪

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jackie: welcome back. they're calling it click- inflation with chicken prices soaring from coast to coast. alpha foods is looking to capitalize on this offering its customers a cheaper alternative by dropping the price of its vegan nuggets. here now, alpha foods ceo, cole orbins. great to see you this afternoon. let's talk about the vegan nuggets for a second. >> all right well, alpha has,

probably one of the best vegan nuggets out in the market and this was our way of bringing attention to obviously the inflation of commodities prices and chicken specifically, but putting together a little bit of a campaign stunt to allow people to pay less for a chicken alternative that tastes just as good. jackie: talk to me about the ingredients in the vegan nuggets because when i think about inflation and chicken prices going higher i'm assuming you're going to say the chicken prices are going higher than the input costs of the ingredients of these nuggets >> yeah, absolutely, and this something that we watch very routinely and regularly but our input costs have not gone up , like the chicken costs, and we have also been able to pass that along to the consumer by not raising our prices. jackie: well, what about the rest of your business model? whether you're talking about the chicken nuggets or the vegan nuggets, for example,

the costs are going up across-the-board right? i'm assuming that you're having to pay more in wages to get people to work right now at least that's what a lot of ceo's are saying. i'm assuming your transport costs are going higher because gas prices are higher as well as the raw material costs going up too. how is this impacting your business overall? >> we're not seeing extreme inflation in like some other industries might be. we're actually not seeing a lot of wage inflation as well, and i think that our business model has only, you know, only seen a little bit of inflation on the price of logistics and transportation but as far as the food input costs go, they've been fairly stable throughout this last year or so jackie: okay when it comes to the vegan nuggets do you think that at a time like this where consumers are price-sensitive there's enough of a difference in price here, that all of a sudden you'll get new converts? >> oh, absolutely. i think if you look at chicken prices that have gone through the roof over the last year,

bringing delicious alternative like our alpha vegan nuggets absolutely you're going to convert those people who are just a little bit plant curious and that was really the intention of this really fun activation is to get some of those consumers that are curious about plant-based nuggets or products over to try something that many of them really won't be able to distinguish from the real thing so we're really excited to have this activation for the alpha nuggets and bring more consumers over to the brand to try the products. jackie: it certainly looks interesting, and tasty as well. i know somebody in my family has just gone plant-based so i'll suggest it to him. good to see you, thank you. >> all right, thanks for having me. jackie: as the fed and the white house continue to try to tamp down inflation worries investors pouring a record $3.2 billion into treasury inflation protected securities. to gary b. smith and jonathan hoenig, jonathan let's talk about what we're seeing in the marketplace first.

jonathan, with you, i mean, there's going to be a point where consumers will pay pay pay , have the costs passed on, and there's going to be a certain point where they say enough is enough. we're not going to go out as much and eat and drink as much, we're not going to buy the inflated chicken wings that you're putting out there. >> yeah, i mean, jackie, they're going to revolt. we haven't seen anything like this in this country, basically since the 1970s back then it was known as the house wife revolt because consumers were fed up with the higher prices. today half the population was born after 1981, because we never seen exactly what we're seeing now jackie. year-over-year prices up about 5 %, inflation at large the fastest pace since basically 13 years, so tips offer some protection but when inflation starts raging there's really nowhere to hide. jackie: gary, we sit back and watch what's happened during the pandemic, we watch how this administration has taken over, extending benefits, making it more attractive to stay home, rather than going back to work.

you know, passing or we have got a bipartisan $1.2 trillion bill on infrastructure, but they are saying well we'll give you that, we'll vote for that if you give us 3.5 trillion more. i mean, all this spending is what has led to the inflation. >> absolutely, and totally agree with jonathan and the other concern is back in the late 70s, the 80s when we had that high inflation we had reagan and paul volcher who was the head of the treasury willing to damp down on inflation with raising the rates, so now, i'm not sure we have anyone in the administration that's doing anything to combat the successive spending and what jonathan says, excessive inflation. you pointed out right, jackie. not only do we have a rising prices but we're really throwing fuel on to the fire with, well look at the infrastructure

bill. that's nothing but government spending at-large. i don't see it stopping and unfortunately, i don't see anyone in the government willing to stop it at this point that's the real problem. jackie: no as a matter of fact, jonathan i'll remind you we've dot a am toker fed chair as a treasury secretary and she continues to echo jerome powell and say it's transitory. well transitory when they look at it is over the course of 100 years, did it have a blip on the timeline, but for the people who were paying the higher prices right now, they feel it. it's palpable. >> sure, and we feel it in everything we've covered on fox business jackie from at the grocery aisle to fruits and vegetables to lumber down to the rest but what's so difficult is trying to as investors hedge that exposure. the yield on those tips you started talking about, you know, billions of dollars pouring into the treasury inflation protected securities the yield is at an all-time low so even as we as investors try and protect ourselves we're taking more risk because the benefit we're getting from these tips is at its all-time low as well so is

it difficult whether you're a purchaser or investor, because of what the biden government is doing. jackie: i want to go back to you, gary regarding interest rates and yellen and jerome powell as well. what's the hesitancy here? powell is willing when the economy under president trump was getting substantially better to slowly raise the rates , nobody said you have to raise it, you know, over 10%, but a point or two, for example , for finding that balance point. why can't the market and the economy handle that? why is everyone so scared? >> well, look. this is obviously solely my opinion. i think this is about powell wanting to keep the job. he knows that the biden administration doesn't want any ill-wins flowing. they don't want any hint of we're going to raise rates at x point or when x happens. they want things to be smooth sailing because frankly, all this "free money" ensures votes

down the line. i think powell would like to be fed chairman in perpetuity. i don't think he wants to ruffle any feathers. that's where i think it's coming from. maybe i'm a conspiracy theory guy. jackie: jonathan let me ask you this and take the point he's making and expand one step further. for example, if you did see powell start to raise rates, he obviously is worried that the stock market wouldn't react well to it and we've seen that story before. the stock market right now, under 35,000, the dow, that's all this administration has going for it. people do check their 401 (k) and they check their investment and they are keeping up with inflation, because of the market being gangbusters. if they lose that they're finished. >> yeah, but the stock market has been a great hedge and historically has been a pretty good hedge of inflation because you're investing in profitable american businesses, but jackie, the reason in my opinion is that to piggyback off what gary said it's easy for them to inflation

the currency, to lean on inflation is that it's a hidden tax. if they raise taxes, raise interest rates it be obvious but inflation is that hidden tax so we would see it eating away at the value of our savings and that's the real rub here. ford called inflation public enemy number one, it could be raring its head under the biden administration again. jackie: absolutely no matter how you want to look for it when less of your paycheck sticks to your you're bones you're paying more you want to call it a tax or rising prices whatever it is , there's less at home for you and your family to put food on the table, that makes it hard for people. gary, jonathan, stay right there , we are going to bring you back later this hour but coming up i want to talk about ipo's flopping in their debuts, charlie gasparino on why the trend has wall street rattled. >> ♪

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jackie: well, a new congressional report on the origins of the coronavirus is out. it shows that the wuhan lab was moving forward with major safety renovations in the time leading up to the pandemic. fox news correspondent rich ed son has more from the state department. good afternoon, rich. reporter: good afternoon, jackie and this report is an examination of public data, chinese government procurement websites, and interviews with former administration officials and scientists. the republican staff on the house foreign affairs committee writes, "we now believe it's time to completely dismiss the wet market as a source of the outbreak. we also believe the preponderance of the evidence proves the virus did leak from the wiv, and that it did so some time before september 12, 2019.

" that evidence includes the chinese government requesting bids for major renovations to air safety and waste treatment systems in wuhan lab research facilities that only have been operational for less than two years, but what's unclear why the chinese government requested the projects, or when or if they even initiated any of that work. in september and october, 2019, satellite images of wuhan show a significant increase in hospital visits and internet searches for covid-19 symptoms. the report also claims mapping data suggests researchers at the lab likely use the wuhan shuttle bus and city metro for their daily work commutes potentially spreading the virus throughout the city. this report is only weeks ahead of when the biden administration has asked the intelligence community to report on whether the virus leaked from a lab or developed naturally. pointing to that investigation, democrats have refused to participate in congressional inquiries including this one. the chinese government has refused to allow an independent

investigation within china, and they have knocked all of these discussions about the potential for a lab leak in wuhan calling them conspiracy theories and instead saying the world health organization should investigate u.s. bio labs. jackie? jackie: thank you so much for that. i want to get some reaction from the great u.s. china tech war author, gordon chang. gordon, good afternoon to you. rich is laying out more evidence that we have indicating that the chinese government knew about this , that the virus was apparent in china earlier than we even thought possibly as soon as september 12. i think that only adds more fuel to the fire when people talk about the origins of covid-19, the responsibility that china has for this. they knew about it potentially much longer than we even thought >> yeah, certainly and that really bears upon another question, and that is during that period, the chinese government told the world that covid-19 what was later to become known as covid-19 was not transmissible human-to-human. they only admitted that on

january 20 of 2020 and so there's a period from maybe august of 2019, if you look at the harvard medical school study , or the september date in this report, and you say for five months, china was lying to the world, and this was a critical period, because if china had actually told the truth, we may have far fewer infections, and far fewer deaths jackie: oh, absolutely by the time china locked wuhan down obviously, it was too late but rich is also talking about some of these renovations that they were looking for to the wuhan national biosafety lab, air safety, waste treatment, it's like they were already starting at the early juncture to cover their tracks on this. >> yes and there's another detail that the house republican s report and that is that major general was assigned to the bsl 4 lab at the wuhan ins taught of virology, not in january and february which was previously reported, but some time in the fall.

now, she is china's top biological weapons expert and the question is, why would she be assigned to a civilian facility if there were no elements of a leak or whatever so clearly, something was up. jackie: final point, dr. fauci has been very vocal and has stood up for himself, that he's not lying when it comes to nih funding of gain of function research again we make the point once the funding is given you don't necessarily know how its been used but the fact that the nih was in some way involved with this lab only makes it worse. >> yes, and there's a report that in 2015 the french who built this lab actually told the u.s. intelligence community of its concerns, and by the way, i understand that once you grant you don't have control over the money, but there were two widely-published research papers on the use of the nih money at the wuhan institute of virology which made it clear they were engaging in gain of function research with u.s. money.

jackie: gordon chang, we always appreciate your insight and this is a tough one and we are going to continue to monitor this story as it unfolds. thank you so much. >> thank you, jackie. jackie: a quick update for you on vaccine mandates. soul cycle is the latest business to demand proof of vaccination prior to entering their facilities. new requirement is set to begin in september and it affects employee, member, and riders. we're going to be right back with more "coast to coast." >> ♪

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well, geico's 85 years isn't just about time, you know. it means experience. i mean, put it this way. if i told you i'd been jarring raspberry preserves for 85 years, what would you think? (humming) well, at first you'd be like, "that has gotta be some scrumptious jam!" (humming) and then you'd think, "he looks fantastic! i must know his skin care routine." geico. saving people money for 85 years. beg your pardon. jackie: welcome back. well wall street is starting to feel the hype surrounding big name companies going public, is fading a little bit. fox business charlie gasparino joins us with more. charlie, i read your piece in the post yesterday about robinhood specifically and it was really fantastic explaining how this is a company that

essentially has said we're here to bring the little guy into the wall street trading world, yet, it's only a small piece of their business model that's really sort of funneling up to the wall street fat cats and that could be why its debut was so disappointing. it's fascinating logic here. charlie: yeah it's not just robinhood. it's mcg, which is the parent company of the solo house, i think you know the private club, started in england, it's in the u.s. , there's one in manhattan. they went public as well, and the same sort of disappointing debut, if you look at robinhood, it's still below its ipo price, initial print of $38, solo house ipo print was $14. it's trading about $1 below that and this is, you know, weeks after the initial offering, and it is getting some of the people to retail that bought the solo house, and the robinhood very annoyed. i will tell you this. robinhood opened the ipo to its

customers. solo house did as well. you could have bought at the ipo price at $14. that wasn't a good move and from what i understand there are some complaints. let me go through this. why is this happening, why are these companies right now saying let's give as much as we can to the retail investor. let's open it up, so they can make money like the fat cats. it's pretty interesting that they are doing this at a time when it appears, or at least based on my reporting and some other reporting that institutional investors are starting to bauk at these ipo's based on valuations so it's a little bit cynical. the institutions, the big money, the smart money that can hold on to this for a long time ups and downs until the business model works out, robinhood, mcg, because of valuations and they don't believe in the business model. we should point out both are money losing companies, mcg has never made a profit from what i understand. robinhood has been around eight years and it is still losing

money although both are trumping user growth. still, what is scary and kind of fascinating about this is that the retail participation and the pumping out of the stock through retail is occurring while the institutional investors are saying we don't want it or bauking over price so that's something investors should take a look and be weary of. when you're going into these ipo s, they are telling you we want more retail distribution , there's another side of the story. why do they need the retail distribution? one reason they need it is because the institutions, by the way, jackie that could signal a a top to this market it's one of the signals and obviously we got the fed print ing money and blah blah blah, but you know, when institutions get a little weary of "hot ipo's" that is a warning sign a market is at its top. jackie: as you point out in your article, basically, buyer beware, right? if it seems too good to be true it might be.

charlie: be careful. jackie: always great to see you thanks so much for breaking that down. coming up, the great american road trip, we're going to be taking a look at how americans are traveling this summer and where they're headed, after this >> ♪ ♪ (judith) in this market, you'll find fisher investments is different than other money managers. (other money manager) different how? don't you just ride the wave? (judith) no - we actively manage client portfolios based on our forward-looking views of the market. (other money manager) but you still sell investments that generate high commissions, right? (judith) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money? only when your clients make more money? (judith) yep, we do better when our clients do better. at fisher investments we're clearly different. that building you're trying to buy, - you should ten-x it. - ten-x it? ten-x is the world's largest online

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only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ jackie: the great american road trip, more and more americans are skipping the skies and hitting the road this summer, visiting some of the nation's biggest and most famous landmark s. gerri willis is on liberty island with more for us. hi, gerri. gerri: hey, jackie great to see you and let me tell you, we are here on liberty island, home to one of the most iconic landmarks in the world, the statue of liberty, and she is soaring 300 feet above upper new york harbor, and she has views of brooklyn, the brooklyn bridge, and of course, lower manhattan. i want to tell you she's one of the most recognizable landmarks in the world, and we're seeing visitation here at levels 60%

below their peaks in 2019. we haven't been able to catch up so far to those levels and the nation, lady liberty welcome 12 million mostly european immigrants to america, over 62 years starting in 1892 the last detainee left ellis island the famous entertainments are point in 1924. the statue of liberty represents america's ideals, not just in this country, but in countries across the world. it's a symbol that the people here are extremely passionate about and take very seriously, even as american symbols like the national anthem have come under fire in recent years, so listen. >> for 12 million immigrants coming into the united states they saw the statue of liberty as that symbol of hope and freedom and she's been seen and depicted so many different ways. she's duplicated and seen in different protests all around the world as the symbol of hope and freedom.

gerri: now, if you want to do your own research, go to statue ofliberty.org, there's some 65 million records online there, you can research your own family's history if you are one of those 40% of americans whose family came right here through liberty island and ellis island and became americans, well i guess you'd have to say, jackie, the old fashion way. jackie: the old fashion way, the legal way, and that is why she is such an icon. gerri willis, great to see see you. gerri: that's right. jackie: thank you for bringing up those images and that great report. all right even as we watch cuban s protest for their own freedoms, capitalism is becoming a bit of a dirty word on the left. let's get back to our panel gary b. smith is here, jonathan hoenig, gary this time oil go ahead and start with you and gerri's report was a great way to set this up. so many people do want to come to this country for so many obvious reasons and we encourage them to do so, to do it legally

but we're also watching the situation right now in cuba. we've got a lot of cuban immigrants and in florida for example, where they're protesting against communism against socialism, and its been really difficult, because this administration isn't really responding, and one of the points that i make is they don't really want to talk about this , or , you know, sort of broadcast and bring it to our attention too much because it really highlights the perils of socialism and you see of those undertones in the policies here, in the united states. >> yeah, exactly. you know, and ironically the greatest way to lift countries out of the throws of socialism, or maybe better stated maybe the countries that we don't like we disagree with their policies is to inject more and more capitalism into it. this administration wants to do the same playbook that hasn't worked for the last, my gosh, 60

years or so and that's more and more sanctions. instead, if we opened up and allowed more free-trade, more tourism, that would inject more capitalism and capitalist ic spirit into these, and these up risings you see would not diminish, they would grow. that's the best way to bring cuba into democracy. jackie: when we look around the world, jonathan, there's not one place, not one country, that you can point to, and say that the model has worked there. >> oh, again and again and again, and it kind of shows jackie the importance the vital importance of ideas, to our lives. how lucky are all of we to be born in capitalist america versus communist havana and just look at the differences between the quality of life and those two cities. 90 miles apart we're talking about unfortunate terrible people are looking for food and multi million dollar condos. gary is right the sanctions are largely symbolic. i think one meaningful move for

the biden administration will be simply to close the u.s. embassy. why would we have an embassy in a terrible communist country and to your point jackie speak out against communism and speak up for capitalism in the american way. the bidens got the bully pulpit it would go a long way to helping the cuban people. jackie: it's interesting to me, gary when you look at somebody like elizabeth warren who stands up and says she defends capital ism, yet some of the policies that she's advocated for run exactly counter, in the other direction and you wonder how these politicians get away with sort of pedaling a pipe dream, if you will. they call it sort of this blended situation when really, it's not. >> no not at all. capitalism is sometimes pretty ugly. industries die that we don't think should die but they go away for a reason, so do companies, and you know, the problem is a person like elizabeth warren is very bright. she is very smart, and people

that are under her influence believe in her, believe in the smart person, if you will. they think my geraldo rivera, she's smart, if we give her more power in fact if we give her more of my money, she can solve what's wrong with us, and unfortunately that's not how capitalism works, that's not even how democracy works but the left seems to believe that my gosh, give them more power, they will make everything right, and you know, it didn't work for venezuela, it hasn't worked for cuba. country after country is i'm sure you and jonathan can point out, it's just the wrong way to go. jackie: real quick, 10 seconds jonathan. you look at the markets and what's happening with the virus, the pandemic reopening, the spending, the inflation. i don't know, the biden administration took over and said we're going to make things better. the stock market maybe up but i'm not necessarily sure that the underlying economy is in the best shape that it could be.

>> yeah, i think now given the risks not only the economy but in washington d.c., in government, now is the best time more than ever, not to make investing in all decisions whether it's stocks, bitcoin, bonds or anything else. jackie: guys we're watching the dow taking an intraday hit after hitting an all-time high this morning delta fear, inflation concerns, most likely weighing on the index. we'll be right back. . .

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click or call for a lower auto rate today. ♪ jackie: democratic new jersey positive phil murphy announcing today that health care workers and those who work in jails must be vaccinated by september 7th, or face testing twice a week. we'll leave it there. that will do it for us on "coast to coast." now to my friend charles payne. take it away. charles: thank you so much. that is called pressure for sure. not that much pressure today, folks. good afternoon, i'm charles payne. this is "making money." breaking right now many are bracing for seasonal slump in the stock market. i happen to think that's nuts. i have some of the best in the business. they will share their thoughts. there is fresh confusion in the air today. have you seen bond yields. they continue to swoon. how come wall street refuses to the listen to the canary in the coal mine? the stock market is listening moving back to growth. equity