maria: have a great day. "varney and company" begins right now want to result the robin hood story. have a good show. ashley: stuart is off today. i'm ashley webster and his we are watching, the markets in the green, jobless claims, 300, maybe 500 filed for unemployment, look at the

crypto, ethereum boosting price of bitcoin but i got 3-week winning streak. robin hood has been up all week, it surged 50% in a second day of wild trading but now it is down at all because robin hood investors filed to sell 98 million shares and we heard of the delta variant but what about delta plus. it has been detected in 30 countries including the united states. we will get the latest from doctor siegelman a moment. in texas governor abbott confirms he will not reinstate any state lockdown for mask mandates calling lockdowns simply wrong. in politics president biden says he has no plans to call new york governor andrew cuomo to ask for his resignation but reports claim state lawmakers are ready to begin impeachment proceedings. how long can cuomo last? a big show ad for you including

nebraska governor pete ricketts, podcast host rob smith and janice dean and pete hegseth. "varney and company" about to begin. ♪♪ ashley: feeling all right in new york city. let's get right to the olympics. don't know if you've been watching much of it dipping unit out. the women's national team won the bronze medal, beating australia numfour-3, carly lloyd and megan repay no scoring four goals from behind and lloyd became the team's all-time olympic goalscorer. they were the gold-medal

favorites. i guess bronze is metal but they will be thrilled. >> what i'm really believed by his there were no protests when they were accepting their metals which is very patriotic, something we should continue in tokyo at the olympic games. ashley: they have had their critics believe the politics outside commands or the sports and these wonderful athletes. the jobless claims, breakdown the number. >> we have long-term unemployment claims the headliner the first time in the post pandemic era below 3 million. people are getting back to work as more states cut off the $300 weekly jobless benefits and it happens in september and it sets us up because we have this off of payrolls on friday which is the headliner for the

markets. ashley: this number doesn't always give an accurate description but we shall see. let's look at robin hood. stock is surging but it's an of selling. maria: if you double your money in a matter of days these are early investors like venture capital funds. when it wasn't the $50 billion behemoth, or a let's and venture capitalist, they bought into robin hood before the ipo coming they are selling $3 billion worth of stocks, 97 million shares being offloaded day today, not all at once and they have maximum selling price of $35 for these 97 million

shares. it is more supply onto the market and still, i checked this morning robin hood is a meme stock of the moment, number one on the wall street bethpage on redit and options trading, 300,000 option contract yesterday on the cbo and this week you had kathy would buying another $65 million worth and her total robin hood steak now is $300 million. there's a lot of positives here so there was a mix of options trading, just seems like redit popped up all over again. ashley: it is the talk of the town as they say is i want to get to goldman sachs actually raising their 2021 target for the s&p to what? >> 4700 by the end of this year, they are s&p bulls, you can make 7% more and the reason, you still have the dc

stimulus turned on and look at strong company earnings, us corporate's making a ton of money and yields haven't gone up. they don't think it will go past the 10 year yield, pass one.9% at the end of this year, that outweighs the delta variant sled or raising the guidance and predictions for next year, predicting $4,900. ashley: 49. you are bullish. very bullish, great stuff, thank you. let's bring in, check the futures and bring in dr barton, modest gains. your outlook remains for the short and midterm. what is your thinking? >> i stay there and that is what i'm looking at.

susan mentioned earnings-per-share, the best it has ever been, $47 of gaap of gas earnings, the highest since it was tracked in the 90s so we have that fundamental that is strong and the other number is 10.9%, the percentage of disposable income that americans saved in the first corner, savings accounts are blooming. that money will find its way into the stock market. ashley: that is encouraging. you are looking at retail back to school play. you like best buy. why in particular? >> first-quarter earnings for the year came out in may, 36% increase in revenue year over

year and higher for the rest of the year. with that going on they have been drifting down 8%. new iphone 13 coming out in september, you mentioned back to school and the holidays coming up. that is the stock at the end of the year. ashley: this is a strange way of looking at it but reading a couple of opinions about the delta surge or delta plus, there are concerns that will slow the economic recovery but it will give cover to central banks to pump out cheap money would you agree with that? >> the exact balancing act you are talking about i've written in recent articles and we already have that dialed into the market, it is much worse,

we have to revisit but if we get the british like piquant rollover the markets will end up liking it. ashley: we believe it there, great stuff, thanks for joining us. let's go back to susan, you are looking at earnings before the bell. >> great interview with moderna's ceo earlier this morning, stock is down despite pretty good numbers. they are confirming the vaccine is 93% effective 6 month after the second shot, $20 billion in sales for vaccines this year but executives believe there will be a need for next a booster shot in the wintertime. fire, reported better earnings this morning. they are partnering with sky launching paramount plus european countries and paramount plus has 42 million global subs and 6 million in twitter. penn national, dave portnoy,

that is a $2 billion deal there, hitting wall street forecasts down a little bit today with people seeing the stock has rallied so take some of that money off the table and let's check on security company cigna, higher medical costs with bottom line, the stock is in line with the losses we've seen across the board. ashley: lots to talk about. now this. the who said the delta variant is in 135 countries. they are calling for a moratorium on boosters to allow more countries to get first doses. doctor mark siegel, how worried are you about the delta variant this fall? it is everywhere. it is the main virus we are seeing in the united states.

are you worried? >> i'm concerned but i want to take a step back, the announcement, meeting with the head of china at the beginning of the pandemic instead of warning the world now saying don't take a booster so the rest of the world can have -- he's right about one thing, the vaccine rollout in the rest of the world is really terrible. one% in africa, 10% in india where the delta variant came from. we need more but the united states has given 110 million doses around the world and there has to be another way than taking it from our pile. this feeds into something susie was saying. pfizer put out a lot of dale -- data out of israel showing the vaccine is wearing off after 6 months. that is a big plus for moderna

today that at 6 months they have 93% effectiveness. i expect the stock price to reflect that. it is looking like boosters here and if we don't give boosters the initial impact of the vaccine could be wearing off. we need to do both, look at boosters and the rest of the world has to be vaccinated so more variance don't emerge. ashley: we are hearing talk of this delta plus, what makes it different from delta and is that another big concern? >> the concern is as delta it's more acclimated to human spread we are seeing more of a viral load. is it become even more transmissible? the key to all of this is vaccine. when you are vaccinated if you are fully vaccinated especially recently you've got a very high level of protection against the delta variant and one of the mixed messages is all of this focus on mandates and masking,

taking attention from the real issue which is vaccination. ashley: we have to leave it right there. doctor mark siegel, the latest on delta and delta plus. by the way, lloyd austen is expected to make the covid vaccine mandatory for the military, 1.3 million active-duty troops. coming up this morning the governor of florida, ron this santos firing back at president biden's criticism of his handling of the pandemic. take a listen. >> why don't you do your job, why don't you get this border security until you do that i don't want to hear a blip about covid from you. ashley: take that. take a look, he may have a point. look at these numbers, 7000 covid positive migrants have been released in mcallen,

texas, since february. 1500 in the last week alone. that is positive testing migrants. florida senator rick scott will respond to do that with the delta variant surging vaccine doses are expiring in a few weeks. the state's governor will join us in a few minutes as i want to know if they will impose a new restriction or mask mandate. as we head to break a quick check of futures as we see slightly higher ahead of "the opening bell" but very modestly so. "varney and company" just getting started. we will be back. [engine revs]

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ashley: now this was a major us bank enjoying its return to the office because of the delta variant. which one? >> u.s. bank, one of america's largest going return to the office through september, they haven't given a new date yet but they say bank employees will get 30 days notice when they decided that is different from other wall street investment banks the likes of goldman sachs and jpmorgan already back in the office the past 2 months and morgan stanley and jeffries mandating vaccines for returning workers. growing list of companies, being pushed back, possibly into next year, 2022. ashley: interesting, thank you. now this. thousands of covid 19 vaccine

doses in nebraska set to expire in a few weeks, the state has given 1.9 million doses, 93% of its allocation so 124,000 doses are still waiting to be used in a have a limited shelf life. governor pete ricketts joins us now. how are you trying to reach the unvaccinated? >> we have a program to the department of health and human services that we communicate the benefits of getting the vaccine, encouraging local folks to got the vaccine to talk to friends, families and neighbors, to encourage them to get it, local doctors. when i'm on media i encourage people to talk to doctors, and i emphasize the local stories about people who've not gotten the vaccine who had severe outcomes or how the vaccine

really helped our seniors. it is a process of continuing to educate people, encourage them. >> if you thought about giving them some incentives, we have some cash for vax programs in the uk, offering food if people get vaccinated. and you thought about that? >> i think it is questionable to offer people cash to get the vaccine. it is still emergency use authorization. the better route is to ask people to look into the vaccine and encourage them to get it. it is still emergency use authorization as we want people to adopt it because it will be best for their health not because they are being paid to do it. it is questionable to ask people to take money to do it. ashley: are you going to impose

more restrictions, mask mandate the vaccine passports? that kind of thing? >> i'm against anything that has to do with mandating. people we are dealing with our adults. we shouldn't mandate vaccines or masks or vaccine passports. this is about encouraging and educating people. these things are counterproductive to getting folks who haven't had the vaccine to get the vaccine. when you tell somebody they have to do it and they have to show a card or something like that, that is counterproductive. what we want to do is focus on protecting the hospital. that is robust in nebraska so we want to make sure we take care of people who have severe reactions to covid.

when we tell people they are forced to do it that has the opposite reaction. check your hospital capacity. 85% of our 60-year-olds, let's protect those populations, let's not bring the heavy hand of government down on them. ashley: governor pete ricketts, thanks for joining us, we appreciate it. let's look at the futures pointing ever so slightly higher. "the opening bell" is next. ♪♪ so high it won't come down ♪♪

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ashley: let's check the futures as we head towards "the opening bell" in less then three minutes. eddie, you say the markets will be more challenging for investors for the next 12 months. why is that? >> the bond markets has a clear signal that we are going through a phase transition in regards to the economy from accelerating economy to the rate of change on growth to decelerate over the upcoming quarters and that is why you see higher beta equity stake a big hit. a lot of them are down 10% to 20% so the playbook investors need to look at, increasing quality of holdings in their portfolio companies with strong balance sheets, dividends, you can look at areas like real estate that have tremendous

cash flow because we think rents are going up. energy is an area we like even though it has been beat up because of dividend yield, with delta spikes you will see a snapback in oil may be at the end of this month and mega test and healthcare is a great way to play this rotation to a slower growing economy. it will be challenging because a lot of things that worked in this first 6 months will not work in the next 6 to 12 months. ashley: historically stocks normally see 2 or 3 times era 5% plus pullback. that's normal. we haven't had one since last fall. do you get the sense that one is around the corner? that is a hard question but we kind of do. >> we are overdue and when you take a look at the fed with the adp number that came out yesterday it is going to push

the fed back on tightening. i expect anything more than 3% to 5% pullback and because of how exhaustive these stocks have been beaten up, looking at that is a buying opportunity in the near-term, stock selection will be most important. ashley: as you see they are waving and cheering on the stock market. about to get another day of trading underway. dow futures 101 points. lots of green. walmart, chevron, procter & gamble, coca-cola leading the way, walmart leading the way, nice positive start for the dow up 94 points. the s&p, see if we have the same enthusiasm, up $44.14 on

the s&p. let's look at the nasdaq. the tech heavy nasdaq up 22 points, up attendance or two, 10,404 on the nasdaq. robin hood, so much action going on and with all those shares being sold, stock is down 10%. >> extra supply will be sold and you have a of $35 sold from time to time. it is interesting you are up 100% already on the week, 16%, you can give that back. ashley: let's take a look, i will take at it, look at it continuing to drop 16 points. et sy is down.

>> i saw growth going down, it is hard to match. they will make less sales than wall street anticipated this summer and not providing full-year guidance. active buyers dropping a little bit. it went up to $90 million in springtime but not as much as wall street forecast into did fall from the start of this year just a little bit, that is what wall street is looking at with sales and profit ahead. ashley: hitting it just today down 12%. roku reporting strong earnings. why down? >> they find it hard to keep up with those astronomical growth rates. roku has billions of hours streamed last year. you are part of that. viewing time went down in the springtime versus the first quarter of the year 17 million

hours, active accounts only went up $1.5 million where wall street is looking a little stronger, 55 million active accounts at roku which is the top box for all streamers. ashley: early going, let's look at the dow winners if we can. we set walgreens, walmart up one%, the dow itself up one and a 12:45%. jpmorgan and home depot leading the way on the dow, look at the s&p 500 winners, here we go. mixed bag, fox corporation a 4%, haynes up 4% there you have it, federal really, fleet technologies, not only with them but they are doing well up more than 4%. the nasdaq winners electronic

arts, ea up 2%, intuitive surgical up to present and they are the leaders of the nasdaq. next when the eu is approved the deal to secure 200 million doses, eu countries will secure 100 million doses and have the option to purchase another 100 million doses through 2023, the stock reacting up 4 and a quarter%. look at over, they beat on the top and bottom line but the core business lost money and that means stock is at a lower. >> they spent more on drivers and passengers to keep everybody safe and get drivers back on the road. they lost half $1 billion but there's a recovery ride hailing doubling from last year, for delivery went up 85% and uber actually reporting profits in the corner, over $1 billion but most of that is to their stake in china's uber which they own

a chunk of an aurora, their actual business losing money but uber, i spoke to the executives on the earnings release, they say they will be profitable later this year at some point before the end of 2021. ashley: at some point. we mentioned electronic arts, they are the bright spot among the videogamemakers. >> active supervision did well, in line with the boom that we saw during the covid lockdowns, strength in franchises for electronic arts. don't know if you played that virtually instead of going on a tucker pitch but was in call of duty continues. ashley: very impressive. it is the pitch, absolutely right. you are doing overtime as usual

today. let's look at some of the movers, one% to 2%. >> a busy earnings season was all morning long, report card after report card. they lost less money in the quarter but sales missed estimates. remember the widespread network outage we were covering in june with online media websites going down, it will impact the results for the rest of the year. wayfarer continuing to lockdown business boom, they made almost $4 billion in sales in three months which is more business than they did before covid in 2019. this is a lockdown winner. i want to show you win which gotta win with citigroup, $120 according to win. that is 30% upside because of the reopening, more people getting back into those casinos and walmart one of the top

performers on the s&p. the reason is upgrade from wells fargo with $165. the delta variant spread, we know who the retail winners were during covid. walmart is one of them. ashley: great stuff. let's take a quick check of the big board, check the 10 year yield, the dow first up 170 points, we thought we had modest gains, the treasury yield up ever so slightly, still incredibly low, one.19% on the 10 year. look at gold if we can. gold has been picking up extra steam but not today, it is down $1,811. take a look at bitcoin down today nearly $2,000 at $37,

down 5%, bitcoin, table go look at oil. the natural price of gas, $319, crude oil up half of one%. the cost of a gallon in california thanks to texas is $4.85. calls are mounting for new york governor andrew cuomo to step aside but janice dean says that's not enough. she wants to see him impeached. we are being told to mask up even after you have been given the job but did you see this? alexandria ocasio cortez masked up in a massive crowd for a photo op but as soon as that was over she takes it off immediately. we will talk about that coming up. art laugher -- art laffer is terribly concerned president biden's policies are a hindrance to economic growth. i don't like it when art laffer is terribly concerned and he will tell me about it next.

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ashley: let's look at ethereum, undergoing a major upgrade. >> the upgrade started this morning. one of the changes alters the way transaction fees are calculated. ideally move them out and make them less volatile and cheaper to use. ethereum is different from bitcoin. the technology can be used for trading bank transactions. sending money across the world. software chains said the change for major transformation that

will make it harder for minors to earn money and it could make money irrelevant. we are looking at a reduction in supply in ethereum. it is bouncing off of those lows. ashley: interesting. the irs has seized $1.2 billion of crypto for 2021 fiscal year but what do they do with it? >> they auction it off like when the irs seizes cars and houses. remember when they sell off usually at a discount you have an open market with pricing but it is interesting the government is a crypto broker. the irs but wants to tax crypto transactions after selling 1.2 billion each year. something else i found interesting in this is this all goes back to the 2013 silk road

take down. that is infamous in crypto circles growing with dark web marketplace, the government, bitcoin used for the payments, they took all the bitcoin at the time because it was ahead of its time and how much you see in the legendary story. ashley: let's take a quick check of the markets. we've been positive, up anywhere from a 12:45 half of one% on the dow. let's bring in former reagan economic advisor art laffer. i don't like the way this in fro reads. hello to you. you say you are terribly concerned about president

biden's policies. you say they could really hurt economic growth. >> very much at the end of the bush administration, beginning of obama. the stimulus spending they call stimulus, if you look what happened to growth under obama they were forecasting 4% to 5% growth each year and it keeps going down. one year exceeded 3% and a week recovery but because of excess spending we made it look like the chain, we have outdone that. us growth dramatically over the next decade. i don't see why they are doing. ashley: are you worried about that? will it stick around? >> my ignorance is greater on

inflation than any other. i see these things happening and it is restricting people from coming back to the labor force, paying people not to work and if you're giving money to people who don't work you have to be taking it to reduced input and economic growth. i am concerned about relation, no money back guarantee, fed chairman powell and biden are correct that a lot of this if not most is temporal, temporary, the base is low. inflation is a worry. ashley: tomorrow is jobs day. what are you expecting? >> it moves around a lot, low

growth and employment. to catch up to trend line. 8 million new jobs in force because of participation rate dropped so much from the beginning to now. that is a huge hurdle to overcome. ashley: great to see you. thank you. you can tell my actions, thank you very much. miss you too. let's bring in susan. >> a nashville -- ashley: where are you from? kentucky? ashley: looking at earnings after the bell. >> see how their faith chicken mcnuggets. making sure it is sold in more

places, cost will be interesting with new -- product introductions like fake nuggets. zillow, lockdown pandemic obsession, lots of people on the website. how the housing boom is doing and this news service where they will buy your home for estimates on the website. how much is that generated for the bottom line? expedia is a recovery story. given what we've seen with marriott international, pretty good trying to get on plane and travel more. does it keep up? the metrics there, improving sales.

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delays today? >> the line of people waiting to be rebooked, two flights canceled out of o'hare but spirit has canceled hundreds of flights, 350 of them in fact, just under half of the total flights they had scheduled for today, the airline blaming everything from the weather to a computer system outage to staffing shortage. no matter because people are stranded and people are criticizing the airline saying they are caught flat-footed by the returning summer travel after the airline received tens of billions of dollars in federal aid to keep employees on the payroll. >> nobody got money like that. high gear. >> reporter: i talked to the head of the flight attendants

union who fought hard for federal aid said this situation is bad but without that many things would be a lot worse. >> there was a lapse in the raleigh from october 1st to the end of the summer and when that happened airline started cutting deep because they didn't think they would have that continued support through that critical time and we see hangovers from that. what happened happened. >> reporter: spirit told us yesterday things would start improving but with hundreds of flights canceled thousands of passengers angry and stranded still. ashley: i feel their pain. to lead the rob smith, janice dean, brian bromberg and pete hegseth, second our of varney's next. ♪ you'll jump for joy. ♪ here, better protection costs a whole lot less.

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♪. susan: good to be alive. nice upbeat song. a little bit of haze in new york city this morning. good morning, everyone. i'm ashley webster in for stuart today. it is after 10:00 eastern. let's get straight to your money and the markets. lots of green. dow good for a 173 point gain. the s&p and nasdaq up close to half a percent. looking at the 10-year treasury yield we were up ever so

slightly earlier. we're up over two basis points. 1.20% on the 10-year. bitcoin and the cryptos moving higher. look at this the u.s. dollar down a little bit for all the cryptos it is thursday. you know what that means. it is freddie mac. the latest read on mortgage rates. susan will reveal the number. elizabeth: some of the commentary from fannie and freddie. pretty much the sail rates we started off the year with. susan: i go back to it as does stu. back in 1982.

the rates were 13 to 16%. 2.77 is remarkably low. susan, thanks again. look at this. new video that appears to show congresswoman alexandria ocasio-cortez on the capitol steps putting on a mask for a picture, then i will immediately removing it right after smiling away. rob smith is with me now. good person to talk about this. why did she do that? >> she did it because it is absolutely shameless political theater. this is the mixed message from a lot of people on the left, particularly the biden administration. you have your mask on. not supposed to wear your mask. you can still spread it keep on wearing your mask. this is completely ridiculous. aoc and the mask thing, left is pushing coronavirus hysteria as

long as they can, to keep it into next year's election because of voting rules because of coronavirus. susan: just latest example, is it it not, rob, of the hypocrisy, whether it is california governor, nancy pelosi. they all seem to do it, but seem to get away with it. if this was donald trump or anyone in his cabinet, that is all you would hear about. >> oh, yeah. it would be a news cycle for at least three days, probably a week. look, there is a very real double standard here. think about it here the deem do as i say not as i do, always comes from the left, whether pelosi, whether it is newsom, whether aoc, these people want to enforce very strict rules on us they don't even want to follow. susan: it is so frustrating. move on.

you were active military how do you feel about the militarying forked to get the shot. >> the secretary is the tool of establishment. i do not agree with this one bit. i do not agree with forced vaccine, with a mandatory vaccine on military soldiers. i have to be very clear about that. i have to say somebody who served for five years when you raise your hand and when you take that oath and when you serve, you are literally the property of the united states military. you are the property of the united states. they can do whatever they want with you. that pains me to say because i completely, 100% disagree with this but that is the sad reality of what happens when you raise your right hand and you sign that oath to go serve the united states in this way. ashley: but you say outside of the military, this is the land of the brave, the land of the free. if you don't want to have a vaccine you shouldn't be forced into it? >> i do not think so at all.

i'm so against vaccine mandates. i'm not an anti-vaccine person. my entire theory about this if you want the vaccine take the vaccine. if you do not want the vaccine, do not take the vaccine. i do not agree with employers, i do not agree, i get messages in my in box all the time on instagram from kids at colleges and universities where the universities are mandating this. i am 110% against that. i do not believe that these employers, these universities should have any say in what people decide to put in their own body. ashley: you know who has come out of this very strong, strongly, i believe? florida governor ron desantis whose stock value is growing and growing each day among conservatives because of his rhetoric, telling biden, go away, leave us alone. we'll not put tease these mandates in place. >> ashley, i live in the great

state of florida right now. i came down here from new york couple months into the lockdown. people love governor desantis here because he is a straight-shooter and he tells it like it is. ashley: that is exactly right. i did exactly what you did. i too are in florida, rob. it is a wonderful thing. rob, thank you very much. appreciate your time. let's check the markets, bring in our good friend, david bahnsen. good to see you, david. let's begin with the delta variant of the virus, is this a real threat to the markets? >> well clearly not. the delta has been going on for a few weeks now and the markets had a bunch of up days, had a few down days, but it is in the trading range for a while anyways. i said this to you before, ash, this is not a new story. the market shrugging off covid hysteria, going on over a year. it's a healthy indicator to

those of us want to really is going on, markets with all the sophistication and all the optics are able to see through it. maybe politicians should take a cue. ashley: good point. david you always like to talk about the dividend plays, your picks. tell me about the first one you told us about, metlife. do you like metlife? >> yeah. it is timely to talk to you about metlife today because they released earnings last night. the stock is up 3% here this morning. i didn't know that when i was said to give the notes. metlife is really, really powerful life insurer has done a great job spinning off the non-core businesses. they focus what we do best. they optimized their balance sheet. a 3 1/2% dividend payer. it the stock is up huge from a year ago. it has a lot left in it. we like the discipline and what

they're doing with the capital. ashley: another pick in the oil patch, chevron. >> i do, we like chef ran for ar a -- chevron for a long time. we rode it down during the distressed periods. we have a over a 5 1/2% yield. they did not cut the dividend during last year when oil prices dropped the way they did. chevron paid the dividend and grown the dividend decades upon decades. even last friday they announced they will be buying back $3 billion of stock. they have really repaired what was wrong with the income statement. they're cash flow positive and they frankly were able to pick up some companies that were distressed last year. noble drilling comes to mind. i think in the future they will benefit from the weakness that took place last year. ashley: fantastic stuff as always, david. great information. thank you for that. we appreciate your time this morning. thank you very much.

let's bring in susan again if we can. susan, you have got movers. let's begin with regeneron. susan: as i mentioned to you a heavy day of earnings, the drug company regeneron says the fame must covid antibody cocktail that helped president trump into the fall boosted its profit. insurance company lemonade losses more than doubled from last year. those are not good metrics. they did issue better guidance for the rest of this year. you're estimate losing money twice the rate from 12 months ago is not a good sign. moderna the stock is pretty volatile. they sold $20 billion worth of their vaccines this year, they say. one of the best-selling medications of all time along with pfizer's covid vaccine. qualcomm, the news hit the tape

a few minutes ago, the mobile phone-maker chips used in virtually every smartphone on the planet, offered $4.6 billion for a swedish auto parts maker vioneer. that is not in line with the core business but maybe diversification is what they're trying to do. ashley: the stock down 2% on that news. let's take a look at robinhood. the sheriff of nottingham probably smiling today down this morning of a rallying 50% yesterday. what is going on? susan: isn't byes sy running the forest of sherwood, ban of merry men? i got tested on this yesterday. robinhood, you have 92 million shares from the early investors hitting the market. talking about the early investors before the ipo. new venture capital fund, enterprise and andreessen horowitz will unload 3 1/2 billion dollars worth of stock from time to time.

not all just at one go. it is 3 1/2 billion dollars, they have a maximum selling price of 35 bucks for these 97 million shares, roughly half the levels that you're trading at now but why not. there is such a frenzy out there. still the most talked about stock on wall street reddit pages and twitch this morning. finally have options trading on robinhood. hundred thousand -- 300,000 options cleared on the cbo. this is the volatility. cathie wood, arc invest, buying $65 million, her total robinhood stake of $300 million. that is one of the reasons we're seeing robinhood doubling in just a week. ashley: pretty amazing stuff, thank you, susan. president biden aiming for a big boost in electric cars by 2030. what is the goal? susan: i don't think it

surprises anybody, i don't think it surprises anybody in detroit, auto city. 50% of all cars sold by the end of the decade will be emissions-free. battery electric. plug in hybrids or even the fuel cell powered hydrogen by year 2030. the carmakers are already doing it on their own. ford expects 40% of sales to be all electric by end of this decade. sylantis, formerly known as chrysler. gm all electric by 2035. they will have the announcement later on today in washington, d.c., with president biden. who is not in attendance? elon musk and tesla tweeting he wasn't invited to this event which i think surprised a lot of people. ashley: that is a bit disappointing to say the least. susan, thank you very much. take a well-earned breath. coming up new york governor andrew cuomo reportedly skipped work to come up with a survival plan but janice dean says it is

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♪. ashley: all right. that is interstate 75 in ohio. beautiful sunny day where it is currently 72 degrees. not a cloud in the sky. how beautiful. now this the new york auto show has been canceled following a rise in delta cases. lydia hu is at the javits center where the auto show was set to take place. how much of a blow is this to local businesses? reporter: ashley considering this is the largest auto show in north america it is a considerable blow. the event reportedly generates around $300 million in economic impact with a million people that usually attend. without those tourists we'll see fewer hotel reservations, fewer people dining out. we'll not have the jobs at the javits center to set up for the major event. now this is the second year in a row that the auto show is being

canceled. this year's event would have happened august 20th through the 29th. elected officials initially cheered when the return of the auto show was first announced in june with tickets being made available at pre-pandemic levels but the organizer, the greater new york automobile dealers association, said in a statement, quote, over the past few weeks, and especially within the last few days, circumstances have changed making it more difficult to create an event at the high standard that we and our clients expect. now ashley, the auto industry will certainly be able to move on without the major auto show happening in new york this year. we've been in touch with jeep, one of the automakers that would have been an exhibitor this year. they are unveiling plans how they will unveil the latest hybrid model. the question really is whether the cancellation of this event, whether this is a blip on the radar as delta cases are rising across the country, whether this

could be the first of other events we could potentially see being canceled not just in new york but across the country, something we're on the look outfor, ashley. ashley: hopefully not. lydia, great stuff. thank you very much. now this, senator kevin cramer has introduced a bill that will require cities like new york who mandate proof of vaccination to also mandate voter i.d. what an idea. the senator joins me now. senator, thanks for being here this morning. why are you doing this? >> well a couple of reasons, first of all, ashley, it seems just logical if i have to show mayor de blasio something as personal and private as my health care records in or the to order to have a steak dinner in new york city, that people prove who they are say they are before taking on the important responsibility of voting. do i expect it to pass with the democratic senate and house? probably not, but in addition to

doing that we make a appointment there is a fair bit of hypocrisy in many of these rules and laws we see coming at us. ashley: what kind of support, what kind of reaction have you had? >> yeah, we just released it yesterday of course. we're going to let it percolate over august. i expect we'll get a lot of support from colleagues that want to cosponsor the bill. ashley: interesting, let's move on to another subject, senator. you say the bipartisan infrastructure bill isn't perfect but would be a significant win for the country if it passes. tell me why. >> well, a couple of things, first of all it has as its primary purpose investment in an asset that moves commerce, whether it's on roads, bridges, you know, airplanes, rail, water, and of course broadband. it pushes back against inflation. not only does it invest in an asset, invest in an asset that keeps the economy going and it

is, it pays people to work as opposed paying people to not work. we do not want to fall further behind, particularly adversaries and china investing in a much faster rate than the rest of us. i think america needs this investment at a time when inflation is rising and more money as you saw, just yesterday, that the jobless claims remain high, even in this booming environment. and we just need, we need to create the right climate. i think this bill does that. ashley: very good. senator cramer, thank you very much for joining us. we wish you luck with that initial bill with voter i.d. it will be interesting to see how that progresses. >> thank you so much, ashley. ashley: thank you. next up, governor greg abbott of texas is weighing in on the lockdowns. what is he saying, susan? susan: he is saying lockdowns are wrong. take a listen to the governor here. >> texas has remained open for

businesses during the course of the pandemic. safe practices are important. that said one thing that we learned along the way is lockdowns are wrong during the course of a pandemic. susan: these abbott comments came a day after president biden criticized texas and florida for their handling of the delta variant spread. we have florida and texas now accounting for 1/3 of all new covid cases according to the white house. abbott says texas ranks number one for economic development over the past year during a pandemic because they had less restrictions and they added over a million new jobs during that time. which is the envy of other states as you can imagine. ashley: yeah. that stat says a lot. all right, susan one more for you. cvs ceo karin lynch says the peak of covid vaccinations are in the past. how much have vaccination rates

slowed down? susan: i don't have a number but in may and june there was noticeable drop-off from the early months of this year. cvs administered 30 million shots. now they're forecasting 36 million doses for this year. that is slightly less than the maximum 44 million shots they predicted in february. cvs is waiting to see if there will be booster shots in the winter time. walgreens has actually seen a surge with people coming in to get vaccines in recent states like florida, georgia, alabama, kentucky. walgreens says so far they have administered 29 million covid shots. ashley: susan, thank you very much. take a look at this headline mark zuckerberg, mark zuckerberg defeated simone biles. "wall street journal's" editor dan heninger. he is blaming social media with

biles' mental block. we'll get into that with dan. real estate market is not showing signs of cooling off. mitch roschelle just bought a place in florida. was it a bidding war? we'll ask him after this. ♪.

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gold. your strategic advantage. ♪. ashley: all right. taking a look at fernandina beach, florida, just north of jacksonville. expected to rain there today. it is currently a hot and muggy. let's bring in our good friend mitch roschelle. mitch, you say the race to the suburbs is back, right? >> oh, 100%, ash. the this whole delta variant and the notion that perhaps schools may be masked up or partially virtual has got people who live

in cities, not just new york, picking up the phone, calling realtors, going online in the suburbs, asking very important question what does your local school intend to do this fall. ashley: that's interesting. do still see a chronic shortage of inventory or is that starting to loosen up a bit? >> i think in the suburbs it loosened up a little bit. however we're still talking about it being a fraction what it was a year ago. even a bigger fraction what it was at its peak around the time of the housing crisis. ashley: we've seen because of that, you know, there is big demand and a lot of, not a lot of supply. so that naturally means higher prices. are prices still high and is that hurting first-time home buyers? >> yeah. it is certainly hurting first-time homebuyers. the only good news you mentioned, mortgage rates have come down as the 10-year treasury has come down. that help as little.

reality first-time home buyers are getting squeezed very hard as prices go up, you know, double digits, 20% some markets, year-over-year. ashley: yikes!, talking about home buying. you found a house in florida. tell us about it? >> this is a journey i chronicled on your air, ashley, talking to stuart about it. i've been in the real estate industry four decades. it has been brutal, ash. stuart asked me the question over and over again, have you ever seen anything like it, the answer is no. my best advice, even if you're a seasoned real estate person like myself, find great local brokers which is what i did. because they have on the ground intel that you just can't get when you're far away. ashley: did you get involved in a bidding war which can get pretty heated? >> i got involved in some bidding wars. got outbid. i lost some deals that i thought

i had. the house i'm standing in, that i closed on friday. i actually didn't get into a bidding war, although they tried. i got aggressive. waived a lot of contingencies, i was willing to go up in price to make it work. ashley: well, congratulations. i'm looking forward to the housewarming party. i will bring some nice gifts along with me as well. look forward to that. mitch roschelle, thanks so much for being with us. >> you're always welcome. ashley: congratulations. a major bank is reportedly pitching a bitcoin fund to wealthy clients. susan, who are we talking about. susan: a party, we're not invited? are we all invited to mitch roschelle's house? ashley: i'm still waiting. i wish. susan: i will invite myself. kind of like jpmorgan inviting themselves to the crypto party. jpmorgan is a bank that is offering a pass stiffly managed bitcoin fund in partnership with a crypto management house called

mydig. this was reported back in april. coin disk still reporting this. over and over again you hear there is huge demand for cryptocurrency out there and a lot of demand from the ultrawealthy. goldman sachs, personal trading houses of the world's richest billionaires, nearly 50% of the billionaires in ultrawealthy say they want to buy crypto. jamie dimon in the past has not been a fan of bitcoin. he used words we can't use here but he doesn't want it but if the ultrawealthy want it he will give it to them. ashley: we'll see if he changes his mind. goldman sachs making a bold prediction for s&p. what is it. susan: 4500 for the s&p 500 by the end of the year. that is the highest on wall street. you can make 7%, according to

goldman, the d.c. stimulus taps are still turned on. you have strong, i mean strong, company earnings. they're at records and still making a ton of money. they're not expecting 10-year treasury yields to go past 1.9% this year. this is all good news that will outweigh the delta variant spread. they're predicting 4900 by the end of next year. what is that. that is 10, 12% upside from here. ashley: that is pretty impressive. we'll see if that pans out. susan, thanks very much. coming up the governor of florida, ron desantis blaming president biden's border policies for the covid surge in his state. take a listen. >> i can tell you whatever variants around the world they're coming across that southern border. he is not shutting down the virus. he is helping to facilitate it. ashley: all right. florida's own rick scott will be here to weigh in on that issue. but first, new york governor andrew cuomo reportedly skipped work to come up with a survival

plan. my next guest says it is far past time for him to go. janice dean will be here live after this. ♪. usaa is made for the safe pilots. for mac. who can come to a stop with barely a bobble. lucia. who announces her intentions even if no one's there. and sgt moore. who leaves room for her room.

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astra. now this, governor andrew cuomo is facing growing calls to resign as the new york state assembly prepares impeachment proceedings. bryan llenas is in new york. bryan, the big question is, are there enough votes to impeach him? reporter: ashley, good morning. look by our count there are. we're starting to get a time line for possible impeachment proceedings against governor cuomo. the new york state assembly judiciary committee just sent the following to governor cuomo's lawyers, quote, we write to inform you that the committee's investigation is nearing completion and the assembly will soon consider potential articles of impeachment against your client. accordingly we invite you to provide any additional evidence or written submissions you would like to the committee to consider before the work concludes. cuomo's lawyers have until

friday august 13th. the assembly impeachment probe is going for months over multiple different scandals there is enough support to impeachment and convict cuomo by our count. it take as simple majority, 76 votes to impeach, 2/3 of the state senators and seven court of appeals judges to convict him. during the impeachment trial cuomo would have to step down temporarily and the lieutenant governor would assume power. there is no sign cuomo is resigning. according to the "new york post" cuomo spent the day yesterday inside of the governor's mansion albany locked up with his closest advisors strategizing what he will say next to the public after an independent investigation found he sexually harassed 11 employees. meanwhile cuomo accuser lindsey boylan is now filing a civil lawsuit against him for retaliation. the ag's report revealed two women from the "me too" movement organization, times up, helped cuomo's office draft a letter that attempted toker. >> boylan as a liar.

all of this five district attorneys are investigating governor cuomo for possible criminal charges. ashley? ashley: wow. bryan, great stuff. thank you very much. and now this, governor cuomo reportedly missed work yesterday and instead spent the day strategizing with close allies on exactly how to salvage his career. let's bring in janice dean who is with us now. janice, good morning to you. do you think he will resign? he seems incapable of accepting responsibility for anything but what do you think? >> i don't think so. i don't think he is going to resign at all. i think it is going to take an impeachment. i did hear he does listen to one person, president joe biden and he takes his advice into account but just don't think it is going to happen. they will have to take him kicking and screaming. ashley: interesting you mentioned that because white house press secretary jen psaki says president biden has

no plan to ask the governor to step down. listen to this very quickly. >> president believes governor cuomo should do the right thing, resign, leave space for future leadership in new york. >> why not pick up the phone and ask him to resign at this point? >> the president was pretty clear publicly. he asked him to resign yesterday. ashley: there you go he asked him to resign yesterday. you know, janice, certainly we've had nothing from the cuomo camp to indicate this, you've been battling this governor quite some time on the issue of the thousands of people who died after he put infected people in nursing homes. i know you're husband's parents both died as a result of that. he has never taken responsibility for that. said he was acting on the information he was provided at the time. do you get the sense though, that right now the walls are starting to close in? are you encouraged from that point of view? >> i absolutely am and this morning lawmakers, democratic lawmakers have been out in full

force saying we have known this guy all along. he deserves to step down. you know meanwhile we were raising red flags, not only myself but all of these women saying you know, this has been a problem, this power hungry monster should not be governor anymore. all of sudden the house of cards caving in and the democratic lawmakers are on the bandwagon, get him out. we've known this for a long time. ashley: so now we know from bryan llenas' report there is a timeline. they're going to begin impeachment proceedings. does that give you any comfort? do you think that ultimately could result with him being you know, removed from office? >> from what i hear he has nowhere to go. there is nowhere to hide. and he is going to have to exit stage left somehow and for that i am grateful but i want people to remember the over 15,000 people that no longer have a voice and cannot testify in a court of law.

ashley: he was never held accountable for that, was he, janice? it kind of got pushed aside. >> there are still investigations into the nursing homes here in new york and i will hold out hope for that and we're on the side of the angels. ashley: has the cuomo camp so to speak have they ever reached out to you, janice or just kind of engaged on social media? >> only to disparage me and say i'm not reliable source on anything except the weather. ashley: ah. how lovely. all right, i'm not going to respond to that but janice dean, thank you so much, janice, for taking time to chat with us this morning as we follow the very latest on governor cuomo. thank you so much. >> thanks, ashley. ashley: thank you. let's bring susan back in. we have some movers to talk about starting with the one and only robinhood. susan: wall street bets crowd, look robinhood is being called the meme of all memes.

you have to remember to go back to the gamestop saga in january when reddit wall street bets and social media traders were buying the gamestops and kosses who were going short on that stock. robinhood was made the bad guy in that saga. ironic after all this now robinhood is the number one most talked about stock on wall street reddit page and on twitch as well. meme of all memes. hood has doubled up until today, until you have the news, that 97 million shares were being off-loaded. when there is more supply that drags down on the price but options trading has now started. that is a favorite instrument of choice we know for a lot of retail traders on the wall street bets traders. watching penn national. a media site is paying up two billion dollars for it. it's a win all the way around. score media, 81%.

apparently they like it. susan: a premium. ashley: yeah, susan you have news on elon musk's biography. susan: confirming it last night. elon musk confirming that walter isaacson is writing his biography, elon musk tweeting this out, if you're curious about tesla, spacex, my general goings on, walter isaacson is writing a biography. isaacson wrote that best-selling steve jobs biography which was not always glowing. there were a lot of elements for the steve jobs biography. he is a great writer. he has written many biographies, leonardo da vinci, ben franklin, jobs. that is pretty good company for elon musk, i would say so. that is interesting, susan. another big city requiring vaccine proof for indoor public places like restaurants and gyms. we'll tell you where that is. first as people head back to

work around back into their jeans is the pandemic snacking over? can they get into those jeans? we'll ask hostess' ceo which snacks are here to stay next. ♪ yeah, i mean the thing is, people like geico because it's just easy. bundling for example. you've got car insurance here. and home insurance here. why not... schuuuuzp.. put them together. save even more. some things are just better together, aren't they? like tea and crumpets. but you wouldn't bundle just anything. like, say... a porcupine in a balloon factory. no. that'd be a mess. i mean for starters, porcupines are famously no good in a team setting. geico. save even more when bundle home and car insurance. do you have a life insurance policy you no longer need? now you can sell your policy, even a term policy, for an immediate

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only from sleep number. ♪. ashley: beautiful part of the state. a beautiful part of the state, lake george. sweet dreams from the your rythmic is plays on. not a bad day to be out on the boat if only, right? let's bring susan back in. susanin 10 dough says it will buy back shares after a profit miss. is this because more people are going back to work and essentially not playing games? susan: you're bringing me in after showing that beautiful shot of the lake? why don't we go up north instead? why are we working today, ashley? what are we doing? ashley: i know. susan: i know nintendo what we're feeling lag, right now, because of people going back to

work and this reopening taking place in the economy but for nintendo they have this added problem that they can't find the chips to put into their switch consoles which, you know switches sell very well. because of that their stock has dropped. they will go in to buy back more of their stock. they're projecting now, their operating income and profit will not be freight, great, because they can't sell the switches or make them without the chips to put into them. ashley: that kind of makes sense, nintendo down 2%. let's check out some market winners we're about an hour 1/2 into the session. some dow winners. let's take a look. disney up 2.25% at 176. salessales force. com, david bh send doing well. marathon oil up 8%. susan talked about wynn, up

7 1/2%. the energy patch, devon energy up 6 1/2%. let's look at the nasdaq winners if we have them. there we go. booking holdings up 5.94%. that is an all-time high i am told in my ear. fox corps up nearly 6% and xilinx, i'm not sure how you say it, up 3.25%. good for them. let's look at hostess if we can, the twinkie makers if you were wondering up 4 1/2% after reporting strong earnings yesterday afternoon. the ceo, andy callahan is with us now. great to have you with us, andy. as more people go out, and eat out more what does that mean for your company? >> well i tell you it's a good time for hostess. we continue to sustain our growth, our profitable growth. we performed well during the pandemic and after the pandemic. we have two usage occasions.

we are available on the go. as consumers get back on the go, our on the go business, sweet baked goods is increasing sales. when consumers are in the home they snack more. that is good for our business. two elements of our business are performing very well right now. ashley: which ones in particular? what are some of the more popular snacks? >> well, obviously our iconic twinkies and cupcakes are industry leaders and they bring joy and moments of joy to consumers all the time but we have new products as well doing extremely well. our baby buns, cinnamon, lemon flavored which we launched in march and april are really hitting, really a contrary speed spot so to speak for consumers and also performing very well. ashley: i hate to say it, was the covid lockdown good for your company? >> no one wants to go through the pandemic.

it's a tragic -- ashley: right. >> anybody who catches covid or is experienced it, everybody has in some way is really a tragedy. it's a credit to our team. our core value is to keep our team members safe and service our consumers and customers to be nimble. it is really testament to our team safe. we kept servicing customers. sales were up during the covid-19 pandemic period. we are increasing sales due to mobility as well. we managed during and after extremely well. ashley: andy callahan, congratulations on the strong earnings report. we thank you for joining us this morning. andy callahan with hostess, thank you very much. we have another big hour. heather zumarriaga with us for the hour, florida senator rick scott and so many more. we'll be right back.

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the focus on mandate and masking is taking attention from the real issue which is vaccination. >> anything that has to do with mandating the people we are dealing with is adults. it is counterproductive what we are trying to accomplish. >> spending for lower us growth for the next decade. restricting people from coming back to the labor force.

>> the earnings picture is the best it has ever been. that is the percentage of disposable income americans saved in the first quarter. that money will find its way into the stock market. ♪♪ living in america ♪♪ ashley: i love that song, james brown. on this thursday it is 11:00 am on the east coast in august 5th. i'm ashley webster, dow up 200, good for half of one% jump, s&p up half of one%, nasdaq up half of one%. the nasdaq hit another all-time high, the 10 year treasury

yield just up ever so slightly a couple basis points at one.20%. sidney mclaughlin won the gold-medal at the olympics and she says she's grateful to represent the us at the games. this comes after the wrestler said she loves living in america, the pride, the passion, the patriotism. they are not olympians but they work oh captains of the heiskell basketball team. that is pretty impressive. we are seeing a ton of american pride at the olympics. my question is are you surprised? >> that is the way it should be, that's the way it was for the force late rangers in 1999 when we were cocaptains.

there is an infused love of your team, what you represent. we grew up in the heyday of the olympics. brian is on the top and i am on the bottom. tell you what. 92 is the dream team, we grew up in the sweet spot of loving and watching the olympics and that is why this is frustrating in these pictures are bringing me back. what are we even talking about. i've seen some people not being proud to be an american. this should be easy. ashley: what do you say? >> there was nothing impressive about me, pete, yes, me, no. they had an extra pair of sneakers but pete nailed it. it is about gratitude. if you are an olympian be

thankful, be grateful you have the skills and the resources to work as hard as you have, you live in a country that enables us. americans want to see people work hard and see gratitude out of their olympians. this olympics folks have stood out because they've simply done that, they said thank you for giving me the shot. just look at your communist chinese counterparts, iran or the russian team which is not called the russian team because they cheat so much and say i've got it good here in that is why i love seeing people who say that and i don't like the ambivalence. ashley: we are going to move on, put your sporting ability to the side. let's look at bitcoin.

i will ask brian, what do you make of bitcoin? it is down today, are you a fan? >> i'm a fan of crypto currency. half the world's population lives under authoritarian regimes that use money and financial markets to steal liberty and suppress their people. if you have alternative currencies that take that lever away from authoritarians i'm all for it. is it going to be bitcoin or something else that plays that role? ask pete. he loves to bet on it but as a category that enable freedom i'm a huge fan of crypto currency even if in america, something people of to speculate on, it is a lifeline and everyone cares about freedom. ashley: have you bought any more bitcoin or sat on your initial investment? >> i'm done a lot of additional

buying of ethereum. ethereum is able to transact more quickly, the opportunity to be more of an alternative down the road because of the speed of another transaction. something to pay attention to. i love the principle, the revolutionary aspect of it. as more fiat currency is the d valued, bitcoin just sits there as a shining alternative for many people. ashley: it is so remarkable. >> dear the words we eat efficiency and financial transactions coming out of pete hegseth's mouth. if you told me i senior year, i would have fallen out of my chair. how the world has changed.

ashley: two young kids growing up on the same street, two of the finest products to come out of minnesota. that's what they told me to say. the real ones. you guys are great. great stuff. it is remarkable, grew up on the same street and there on foxbusiness. look at the markets. let's bring in heather who will be joining us for the rest of the hour. you say buckle up for more volatility. is that because of the delta variant? >> the delta variant has a lot to do with that. we are seeing volatility and the spread of cases and a lot of volatility in the marketplace. the meme stocks are that, you can't help but talk about robinhood. if you are not sure what a meme stock is, there's a surge in

volume and sudden increases in the stock that have nothing to do with the underlying fundamentals of the company. that happened yesterday, over 12% on the day because of the news they are selling 97 million shares, that is a new day this morning. the social media chat rooms like redit, the game stop, amc, bed, bath and beyond, causing enormous volatility in the markets if you are an investor but the daytraders seem to love it. ashley: what about you? it is a bit like a casino. i love to see fresh money coming into the market but i wonder whether the lack of fundamentals is a warning sign. >> absolutely. if you look at the stocks they

are overpriced and the question is how high can they continue going? some varying crazy market action due to the delta variant spreading right now and if you are on the sidelines you wait for sd for pull back, one day declines like we saw yesterday and if you are already invested you stay out of the meme stocks unless you have money to lose and you can't go to vegas right now and gamble on roulette. you stick with the meme stocks. ashley: another analyst earlier this morning said we typically get a 5% pullback 2 or 3 times a year, we haven't had one since last fall so you would say we are overdue. is that something that is coming? is it healthy for the market? >> yes. i have been waiting for a pull

back for a long time on the sidelines. having a correction of 5% to 10% is quite common. that would be healthy for the market. what would be healthier is to get past the delta variant and reopen the economy. investors shift out of the nasdaq and the tech heavy stocks into other names that do well like retail and travel and leisure or the cruise lines as the reopening theme is on pause and hopefully we come out of it and continue. ashley: stay right there. we've got you for the hour. let's bring in susan following some movers. let's start with wynn. >> reporter: one of the biggest today got an upgrade this morning from citigroup, it is worth $120, that is a 20% upside for the stock because of the reopening of vegas and the return of conventions and gambling and wells fargo to

overweight this morning worth $165 in their view because the underperformers which make walmart look cheap, airlines are flying high. the entire travel sector, airlines themselves are being conservative about the return of business travel and jack dorsey's famous company square up big this morning. not sure why, maybe square was scheduled to report results after the bell today but given about the $29 billion buy now pay lever apps on sunday night, they preannounced the regularly results, 40 million monthly transactions on cash apps now. stuart: thank you. interesting stuff. now this. president biden wants electric vehicles to make up 40% a lot of sales by 2030. is that realistic?

we will talk about it. florida governor rhonda santos has a message for president biden. take a listen. >> why don't you do your job, why don't you get this border secure, until you do that i don't want to hear about about covid from you. ashley: straight shooting, the governor may have a point. 7000 migrants being released in mcallen, texas since february with 1500 and the last week alone. florida senator rick scott will respond to that. chuck schumer says the senate will delay their august recess until they pass a spending plan. how long will that take? next. ♪♪ that's what i ♪♪ that's what i want ♪♪ that's what i want ♪♪ that's what i want ♪♪ that's what i want ♪♪ they have customized solutions to help our family's special needs...

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ashley: negotiations underway for the infrastructure bill. let's bring in senator rick scott, republican from florida. chuck schumer says he will delay the august recess until the deal is done. my question to you is what is that going to take? >> this is the craziest thing. all of us spend money on infrastructure, i spend $85 billion on roads, bridges and seaports but did it responsibly. i cut taxes and paid off the state debt. what this is is $1.2 trillion on this bill and another $5.5 trillion next week on the

next bill on top of $1.9 trillion, where does it end? we see significant budget costs, i don't know where the ends. ashley: you tried to pass a new law that would have required spending bills to include the inflationary impact of that spending but it didn't get anywhere. what happened? >> i grew up in a poor family. we had to worry what things cost. i talk to people across florida worried about housing costs so i said let's just explain when we pass a bill if it will cause inflation and the democrats blocked it because they don't want to be responsible for reckless government spending causes gas prices to go up, food prices to go up, car prices to go up and it is happening all across the country and hurting our poorest families. ashley: it is interesting, senate republican leader mitch mcconnell just said democrats should raise the debt ceiling

on their own. what say you? >> they are the ones printing the money. they have the white house, the senate and the house. this is their responsibility. i have a bill that would say we are not going to raise the debt ceiling unless going forward 2 thirds vote, he race anymore debt if our debt is 100% of gdp, take the extra stimulus money and pay down the debt. we have to get our house in order. i paid off in my year, you can do this but you have to take action and democrats don't want to do that, they want to spend us to oblivion. ashley: that is very scary frankly. i want to change the subject to the covid surge. florida governor ron desantis blaming president biden's border policies for that surge in your state. >> president biden trying to single out florida over covid. whatever variance around the

world are coming across the southern border. he's not shutting down the virus. he is helping to facilitate it in our country. stuart: what are your thoughts? >> we don't have a secure border. no question about that. what we need to do is the pro-vaccine. i had covid. take the vaccine, you feel comfortable with a, the government should not mandate things to us. we have to get people good information. people make good decisions. give people good information and they will make good decisions and stay safe. ashley: as someone said it is easier to get across the border than to get a meal at a new york city restaurant but we will move on. a new study shows florida and texas account for a third of the new coronavirus cases.

governor desantis will not issue a mask mandate. is that the right call? >> i don't believe government should mandate anything, that you have to take the vaccine or that you have to wear a mask. the private sector wants to do that you have a choice to work for the company or visit that company but government shouldn't be doing that. i believe americans are smart, give them good information, talk about it like i did. i took the vaccine. if you are not, figure out how to stay safe. ashley: good advice. senator rick scott, great stuff has always, appreciate it. let's bring back in heather. you are in florida. what do you make of the covid surge. do people want more restrictions? >> they don't from what i am seeing and hearing, agreeing with governor desantis, cases are rising, the delta variant is scary if you look at ages

under 12, the rise in cases is the most in that age group. i still have a vaccinated -- choose to send my 6-year-old discourse the mccabe and she can wear a mask, the school may mandate she wear the mask but i don't want it coming from the government. you have to leave that choice to the parents of florida and i see neighbors echo the same sentiment as well. i don't want to diminish the seriousness of the delta variant but leave the choice to local residents, raise awareness and see the level of vaccinations increase and skyrocket not just in florida but vaccinations going up across the country. ashley: take a look at the markets. we have been positive since "the opening bell," retailers moving higher, the dow up 205

points. more inflation is on the way. >> inflation hurts the poor more than any category of income more than middle-class americans with a wealthy. $3 trillion infrastructure plan on the table, may not be the right time. it sounds good to print money but is on the backs of trillions of covid really from both administrations. republicans and democrats can do the same. republican spending, not balancing the budget but at the end of the day prices are skyrocketing on food, you look at your grocery bill and gasoline prices at the pump at home prices, that hurts the poor more than any other category and those are the people that should be targeted

to help right now, not hurt. ashley: i feel like some of the data we've been receiving has been a little soft. have we peaked a little bit on this economic rebound? where do you see the economy going from here? >> it has to do with how serious the delta variant becomes. if you look at the initial outbreak of covid the stock market did very well. a lot of people probably didn't want to be invested in that time but if you look at big companies, amazon, costco, walmart they did really well if you have any commerce president when the economy shutdown but you know who's getting hurt? small businesses. if you shutdown the economy again due to the delta variant and government restrictions and mandates across the board on whether or not schools can be reopened or businesses can stay

open that is i think really what we should be watching and nobody could possibly predict the impact that could have on the stock market. ashley: thank you very much. kfc just opened a new hotel with a chicken concierge. i will tell you where it is. i wonder if they have a luxury wing as you can book a room and look at this headline in the wall street journal. mark zuckerberg defeated simone biles. dan heninger wrote that piece, social media is to blame for biles's mental block at the . he's on the show next. ♪♪

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green, the dow up 209 points, the nasdaq and the s&p on the positive side around half of one%. second-quarter earnings beat the estimates, they lost money. what is going on at uber? >> uber beat earnings estimates, $1.1 billion for the quarter. uber reits business generates a lot more revenue than ride hailing service so i don't know if you ordered on uber eats but it is expensive. the trend is in full force. people going out or if they are, driving their own cars and lift had a better earnings report.

ashley: stock is up 6%, i haven't ordered uber eats, too cheap. robin denholm sold 22 million worth of shares. does that signal stock? >> she made a ton of money in 3 years of being there, the sec, elon musk to step down as chairman that were not disclosed and she's ending the 3-year term, musk might step back in. he was on hiatus for a while, for twitter followers and she paid in bitcoin, you have some

crisco. ashley: president biden meeting with electric carmakers talking with elon musk. >> the short answer is no. they are saying why was elon musk not invited to the clean energy event? tweeting this today, tesla wasn't invited. the big heads of the big 3 automakers will talk about clean energy and the auto industry, his climate agenda to make sure half of all auto sold by 2030 have 0 emissions and a set of emission standards for cars, trucks and s&ps, but heavy work trucks. the president wants short-term but to develop long-term, and

emission standards. this might be premature, but the aggressiveness this is going that could hurt the economy. the point can be seen in the increase in gas prices, a gallon of gas, regular gas, $3.19 a gallon a year ago we were paying $2 for the same gallon of gas. this affects the price of everything being delivered to homes, grocery stores, republicans say this is a pattern. >> absolutely worst possible thing we could be doing. playing russian roulette with the second economic recovery which is already threatened by raging inflation created by the rescue package. >> later today the big 3 automakers will a out their own

plan how to reach the goal of 0 emissions by 2030. ashley: look at this headline from the wall street journal that says mark zuckerberg defeated simone biles with social media platforms, democratized neurosis. dan heninger wrote that, essentially you think social media played a role in simone biles withdrawing from olympic events. >> make no mistake, her reason was she had gotten something gymnasts, twistys, the inability to monitor the speed of their body, that is something they know about. she herself in a press conference said mental health comes first, she was trying to

protect her mental health just as tennis star naomi osaka dropped out of the french open saying for mental health. we are also talking about tens of thousands if not hundreds of thousands of young people with the same problem. i wrote that i recall 10 years ago the trade prep for colleges and universities started to report an upturn in business to mental health clinics at colleges and universities. why were so many kids going to mental health seeking mental health clinics, the clinics were not able to help with the onrush. that coincided 10 years ago with the rise of facebook and social media and you have to ask what is going on in all of human history, never saw so many young people have mental health problems and i argue in my column that what happened is

all these people turned inward, started to live thinking about themselves measuring themselves against their friends on facebook rather than living in the outside world, a world of external structure which most of us grew up with, most everyone before facebook grew up with and this has had an incredibly adverse impact on the mental health of everyone from the kids down the street to simone biles. ashley: i think you are right. by the way facebook is moving toward and instagram for kids. based on what you just said that doesn't sound great. >> kids under 13, what could go wrong? take your kids outside, take them to the zoo, substitute for facebook. ashley: some people say that is a problem don't go on social media but come on, that is not

realistic in today's world. >> it is a battle. parents wage it all the time and the solution many told me since i wrote this is to fill up their time with other things, family related things like in the old days. don't let them sit in front of that little screen. ashley: parents are doing that at the same time we are. thank you, great stuff as always. another major city is considering vaccine proof in indoor public spaces. we will tell you where that could happen. travelers stranded as spirit airlines canceled flights for a fifth day in a row. >> for 9 hours. ashley: i would have started

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ashley: help me out. looking at st. louis lambert international airport. very nice conditions, 81 degrees, sunny in st. louis, 1.9 million people passed through tsa checkpoint on wednesday but thousands stranded after spirit and american airlines canceled hundreds of flights. grady trimble is at o'hare national airport. how many flights have been canceled so far today?

>> reporter: spirit has canceled 400 flights, that is about half the flights they originally had on the schedule for today and this is the fifth day of these cancellations. all throughout the week it is around 1700 total cancellations. a handful of the map o'hare this morning but not nearly the chaos we've seen at other airports from fort lauderdale to orlando to lax were a number of those cancellations were. i talked to a gentleman this morning to waited on the phone lines for 3 hours and couldn't get through to anybody so decided to show up at the airport. other people have waited even longer and they are irate. >> 9 hours. >> trying to get home to philly. is that so much to ask? >> the last time i tell everybody don't take spirit.

>> spirit airlines is blaming accommodation of whether earlier in the week, computer system outages and staffing shortages. ashley: i'm sure those that have been canceled couldn't care less. what a black eye for spirit airlines. look at the cruise lines, you don't want to go flying and dealing with that. carnival is bringing masks back after a covert outbreak on one of their ships. you are in florida, would you go on a cruise if you had to wear a mask? >> i wouldn't go on a cruise because i don't want to be stuck at sea, it is like being claustrophobic and you don't want to be stuck in an elevator but i do get it. anyone over 12 might show proof of vaccination, you must wear a mask, you have to be vaccinated and once you are on board if you are showing symptoms they test for coronavirus.

i don't want to take the risk of getting a cruise. were quarantined and stuck on the ship, you better not get seasick. ashley: not exactly selling it but i understand. kfc, they are opening a pop up hotel in london, the rooms have chicken themed decorations, chick flicks, kfc room service. i wonder if it comes with the chicken smell. disney world released pricing for its new star wars hotel, a 2 night stay cost $4,800 for 2 guests in a cabin. it will include entertainment, food and beverages. kfc a lot cheaper.

thank you so much. the dow 30 stocks as we head to the break, walt disney up there with salesforce.com leading the way. proctor and gamble and united health, up 193 points. starting next month new york city restaurants will be forced to require proof of vaccination for indoor dining but can restaurants afford to turn customers away. i will ask apple metro's ceo next. ♪♪ ng norwegian winter. but eventually, with spring comes rebirth. everything begins anew.

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ashley: starting next month new york city will require proof of vaccination for indoor dining, gins and entertainment venues in los angeles is considering a similar rule. these are recently vaccine passports. what do you make of it? >> the most important thing to

stop the spread of the virus is to close the border. we have a new report showing 700,000 undocumented immigrants with covid, 1500 and the last week. la and new york and lecturing others to show vaccine for indoor venues. i'm ready to go. i think we need to make sure we are not releasing people from other countries with covid into the rest of the country to spread it. the amount of those spreading it has got to be a lot more than what is happening in la and new york. ashley: could not agree more. good time to bring a friend who runs 25 applebee's in the new york metro area. you run a number of restaurants in new york.

what does the vaccine requirement mean for your business? >> it means we don't have a business. i took coincidentally we opened our fiftieth street restaurants which is 3 stories, 700 employees yesterday, first big opening in manhattan and i asked for show of hands of who were vaccinated and i don't think we are that different from the rest of the state so here's the data up to the minute. 61% of our people are unvaccinated and only 31%, 39% including managers so i have a solution. i'm crazed with this. i have the solution. the solution is the government has to stop paying people to stay home who are unvaccinated. you don't get your unemployment check.

forget making us the covid police and making private-sector the covid police, the government is supposed to enforce the law. that is one of their main functions. don't send checks to people who are not able to demonstrate that they are vaccinated. number 2, we are gradual delicate industry right now just coming out of a year and a half. we can't get employees for what we have. let's add a dose of reality to the situation. you will close restaurants. we have 40 restaurants, 26 open now. we will have to close them. we will close them. ashley: do you have a staff shortage anyway? >> absolutely. that's the issue in the restaurant space. there are restaurant companies that cannot open without a

mandate because they can't get enough people to staff them and other restaurants are half closed, open halfway and people come in and say there are tables, why don't you seat us, you can't see them. you're going to throw the baby out with the bathwater, and put onto the private-sector with the government's obligation is and get them to enforce it. ashley: we have to leave it there but you make your point clear. we wish you the best of luck and we would like to check in with you to see how you are doing but thanks for taking time this morning a we appreciate it. thank you. staying in new york the first woman to accuse governor andrew cuomo sexual-harassment is planning to sue him. you say cuomo should simply resign. >> it is past time but it he

should be impeached, we will see if democrats stand by and believe in what they say about their 0-tolerance for sexual-harassment. i will say one thing. if you are a ceo of a company in the public sector or private-sector or public-sector you would be out very quickly. look at mcdonald's, there was no leeway given even with consensual relationships, this is groping, unwanted kissing. he's got to go and let's see if the democrats have the courage to do it. ashley: that is a good question. we have now reached the time for your thursday trivia question and here it is. what is the only animal that never sleeps? take a guess. we will have the answer when we return. reason, or fun.

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ashley: okay, so we asked you before the break what is the only animal that never sleeps? before we give you the answer, heather, come back in. got any guesses? >> yeah. the first thing that came to mind was a human infant, a mammal, because i would think almost all animals need sleep. but other than that, how about an octopus? it has three hearts and nine brains. i don't know if it sleeps. ashley: i don't know if dolphin or whale, the answer is.

[bullbull frogs. they never go to sleep. you learn everything on the show. we go to neil cavuto, with a quick look at markets all moving higher. i have done all the heavy lifting this morning. that leaves it to my good friend neil cavuto not to blow it. take it away, my friend? susan: how would they know it about the bull frog? i want you to go back to your staff here, guys, stop this nonsense. the bull frog is resting its eyes. i will play along. ashley, thank you very much. as he should, my staff did that, i would say i want the proof, i want the proof.