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tv   Varney Company  FOX Business  August 6, 2021 9:00am-12:00pm EDT

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points, s&p up a fraction, nasdaq is down from an all-time high. data mcdowell, final word for the show. dagen: there's honor and dignity and pride in work and americans know that. maria: dagan mcdowell, john hilsenrath, always a pleasure and honor, have a great weekend, thank you for joining us. "varney and company" begins now. jackie deangelis at the wheel for stewart. >> good morning, everyone. here's what is happening this friday morning, 943,000 jobs added in july, the unemployment rate down 5.4% and marty walsh on the show. watching futures, not a huge
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reaction. we are watching bitcoin above the 30,000 mark. in washington the congressional budget budget office one of the bipartisan infrastructure legislation bill will lead $256 billion to the deficit over the next decade. lawmakers in new york are almost finished with their impeachment inquiry into governor andrew cuomo but a new report says cnn executive offered cuomo a leave of absence to advise his brother. a big show including tammy bruce, lawrence jones and the governor of alaska, mark dudley be. "varney and company" is about to begin. ♪♪ ♪♪ ♪♪ we got to get right back ♪♪ jackie: 943,000 jobs added in
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july. edward lawrence, breakdown the numbers. >> reporter: this is a huge number. the economy is adding 832,000 jobs per month over the past three months. the employment rate for july dropped to 5.4%. what is interesting is wages have increased 4% year-over-year but cpi inflation was up 5.4% over the past year meaning inflation is rising faster than wages. where are the jobs in this report? most were created in leisure and hospitality. 380,000 jobs in the food service, drinking places, that is what we expect the economy to reopen. transportation and warehousing up 49.7, 49,700 jobs. manufacturing adding 27,000 jobs but look at the government hiring jobs, 240,000 jobs.
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the vast majority local government education as schools get ready for the reopening in the fall, laborforce participation up 61.7%, that number is not rising as fast as the federal reserve would like it too but the fed chairman will like the unemployment rate and the large drop of the number of people who were unemployed at 8.7 million people who are unemployed in this country, we have more than 9 million jobs open, this report starting to read select the state ending the extra unemployment benefit as more people are going back to work. >> marty walsh will be joining me live at 10:00 eastern time. president biden is slated to deliver some remarks on the july jobs reported 10:30 eastern which we will monitor and bring you any news especially if he takes questions. i will check on the futures,
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you're seeing that a higher and of the open. jonathan, i want to bring you in to talk about jobs number because you still say you are a little bit bearish, the market isn't as strong as people might think, make your case. >> market 7 up 6 straight months, great to be with you and all our viewers, happy friday. job numbers are really good and the fact the market is at new all-time highs, the trend is up. look under the hood. the majority of stocks below the 50 day moving average and 0 hedge reporting that, all-time high in retail, average joe stock buying, that tends to happen at the higher the market, not the low. i'm seeing a lot of open plays like the airlines, jetblue, a lot of these casinos starting to weaken quite a bit. hard to be a bearable market but some indication maybe that bull is starting to tire. jackie: of big concern is the
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delta variant and how that may impact the labor picture moving forward and the notion that perhaps we hit the peak growth and it is behind us now but the market still thinks there might be more coming so there's this catch up game. >> it is frustrating and difficult as an investor, government is playing a bit of this. a year and a half ago, it wasn't the virus, it was government response, you're getting that sense right now is investors are battling not just realities of the economy but of government worldwide in terms of not only regulation but potential to shutdown the economy if delta continues to rage in terms of investing right now. jackie: i'm digesting them with you guys and thinking 943,000 jobs, that tells me number one the states that got rid of the supplemental unemployment benefits urged people to get back to work, the second thing is do we need so much spending
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as we move forward? >> that is frustrating about the stimulus the market is giving to the better part of the year, we don't know how much of the data is accurate and how much is caused by stimulus. the airlines are great example. a lot of money was funneled to the airlines in the early days of the pandemic and we are seeing the same stocks come back to earth. for now the trend is up and what is good for the market, a lot of new names leading the charge, one was big tech, no utilities and pharmaceuticals, the market is widening but there's reason for caution. everything from washington to inflation on investors plate. jackie: edward brought up a great point, the wages at 4% year on year. cpi up 5.4%, the two issues here, wages go up, they are not going to come back down again. they will contribute to
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inflation but not moving as fast as inflation is moving. >> you make 5% increase on wage but losing one% because inflation is going up 6% or 8%, that is promising as it is transitory, government spend and spend causing the inflation from a lot of economic indicators, no end insight. jackie: the moratorium was extended and the delta variant becomes more of an issue people have less incentive to get back to work. it is a messy call. >> especially when there is a sense of what is the impact of an eviction moratorium. rich landlords. jackie: they are part of the economy. at some point it will have an effect. >> milton friedman said there
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is no such thing as a free lunch. you've got lots of real estate companies right now big and small feeling the effects of the stimulus. that's not over yet and even as the economy recovers you can see a lot of individual sectors in the market writ large at least all. jackie: indicated higher by 400, a couple points, nasdaq indicated lower by 69. >> you don't want to make investing in an all or none decision. we want to talk about a diversified portfolio, not just first among stocks but commodities, other asset classes and on the forward side as well, crowd favorites like apple were short in my fund right now. these are names people feel safe buying, the trades on the other side especially in this market. maria: thank you for joining us this morning and i want to
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bring in susan we joining the onset. wonderful to be with you on a friday, you're looking at the earnings reports. >> we are looking at big earnings with draft king. a lot of good losses and higher sales as well. the growth celebrate short but it is tripled to 1.1 million in the month less than wall street forecast all about the sport spending drive you are seeing, you have that nationally and a $2 billion purchase of media in general. i want to show you the cruise lines, norwegian is still losing money but they are forecasting a wider loss for the summer, but back in operation by april of next year, booking trends strong headed into next. losses narrowing for the theater chain in springtime, sales go up and good is all 323 want to mystic theaters are back up and open.
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you want to go back and get sticky bubblegum issues again. >> everyone was a fan before the pandemic is i don't know how much i will be rushing in to do it now. >> i will take you up on a free popcorn. >> a hard sell for him. jackie: robinhood, there has been a wild ride. your thoughts on where this goes. >> up 11% and down by 28% yesterday because of the stock sale of 97 million shares offering more supply, obviously the price goes down. it is $3 billion hitting the markets, public have to $35 in shares, europe 70%. i checked and who is the most talked about stock, coin base overtaking robin hood when it comes to that which site.
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it is roundabout how robin hood was cast as a villain and now it is the meme of all memes. jackie: it has been volatile and wild. i want to talk about the olympics. alex kleinman, claiming a limit gold in beach volleyball, the team only lost one set in 7 matches in tokyo. did you catch that? >> i watched, she won the gold and tonight i'm looking forward to the dream team, the gold-medal match with us basketball players. jackie: i've not been following it besides the headlines. not feeling it this year. everyone is different. thank you. i want to check on the futures because the dow is higher by 100 points. just about 15 minutes from the open.
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congressman cori bush calling to defend the police while in the same breath defending her need for private security. role it. >> if i spend 10 more dollars on it i get to be here to do the work so suck it up, defending the police as to happen. >> we will talk about that later in the show but first lawrence jones hit the streets of new york city to see how people feel about the new indoor vaccine mandates. he will join us next. ♪♪ fferent 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.
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jackie: and shot of north myrtle beach south carolina 75 degrees, normally i would say would be a little jealous but we had a nice stretch of weather in new york city. let's take a look, the dow is higher by 107 points after a strong jobs report this one, s&p higher by 3 and have in the nasdaq lower. dealing the covid vaccine submission to the fda. >> reporter: in the last 3 months of 2021 i want to note they had a huge valley this week, supplying the european union with 2 million doses, it was a bad report card and they announced they are dealing emergency authorization, the wider loss, less sales in way
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behind pfizer and moderna have final fda approval in the next two weeks. jackie: more vaccinations in this country when pfizer does get regular approval and people feel more comfortable the fda is behind it. >> the defense command, saying you can get the vaccine, now it is finally fully approved by the fda. jackie: that is the key. many companies changing covid guideline study with united. >> first airline to do this, 67,000 of the staff have to get vaccinated or you are fired, five weeks after the fda approved the covid vaccine we were talking about or 5 weeks after september 20th, which everyone comes first on the calendar. united will incentivize their staff to get the job. you get a full day if they leave to do that and wells
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fargo dealing return to the office until october. wells fargo with black rock, the world's largest money manager, both financial giants, the delta variant spread means october instead. disney negotiating over a new vaccine requirement covering 60,000 of its cast members in florida at disney world, disney mandating a vaccine for non-hourly corporate staff. you have to get the jab to come back to the office in the next 60 days. the big headline was amazon dealing its return until next year january of 2022. that is further than apple, microsoft, google and facebook, silicon valley tech giants are targeting a fall return to the office but a lot of people are saying tim cook told me they would delay the return to the office until october so amazon is going all the way out to january of 2022 the likelihood is we will be looking at
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september october january instead. >> charlie gasparino reporting on the banks, you've been doing a great job reporting on tech companies but when you see amazon move the goalposts it sets the stage for other companies to follow. >> when they come back it is a hybrid work model, most likely 3 days in today's out. the whole corporate work culture is going to change. jackie: people like working from home. meantime now this. new york city mandating proof of vaccination for indoor settings. lawrence jones asking restaurant owners their thoughts on this measure. >> we haven't gotten that fda approval so people are hesitant. i talked to someone that
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represents 5000 of those businesses as well as the people on the street of new york and this is what they had to say. >> restaurant workers are put in the impossible position throughout the pandemic to be the covid police. >> i'm not happy about it. it is my business whether or not i want to be vaccinated and i don't feel comfortable telling that information to anybody. >> i don't think it is necessary to take precautions. you wear the mask if you feel you need to and make yourself comfortable but i don't think it is important we show it. >> do you feel comfortable seeing your vaccination status? >> i don't even know. i haven't thought about but it sounds fishy. >> reporter: why not? if you are vaccinated or have proof, why not? >> if you are not vaccinated stay outside. >> it is a good thing and i will feel safer and more people come to new york as a result. >> people that came get
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vaccinated, have medical issues or natural immunity. >> i think they have to get some kind of permit or something showing that. >> as we noted there was no real guidance on people that may have natural immunity, the interesting thing in this report is the people i talked to the were hesitant about showing the vaccination card had actually already received the vaccine but don't think government should be asking about that. jackie: i have it but i don't want to whip out the card to walk into a venue. makes me uncomfortable. >> people feel it is personal information and it seems like we are going the wrong direction on this. a lot of people want to protect the vulnerable. a lot of folks of oregon the vaccine but one has to wonder for the people that are hesitant and you saw poll after poll, a lot of people say the reason they haven't gotten the vaccine is they haven't gotten
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that final approval from the fda so how do you mandate something without full approval. >> that will be a big next step. the last gentleman said if you are not vaccinated but have a reason you get another status. a lot to take in. thank. let's take a quick check of the futures ahead of "the opening bell" down by 119, s&p by four and the nasdaq indicated lower by 68. "the opening bell" is next. ♪♪
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jackie: let's look at the ride sharing stock and bring in mark mamahaney. you like this. >> with ride sharing means we had a bipolar read, beginning of the week we had a report the stock was up 10% to the aftermarket by the end of the next day, it was down 10%. it comes to the issue how expensive is it to get drivers back into cars and how big do incentives need to be and the
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fear for 24 hours was they would do massive back half of your. uber reported no, the fact that a major part of the incentives are in the rearview mirror they can come down. it takes a while for ridesharing to come back, the demand is there, supply hasn't made up with it yet but as unemployment benefits taper off as we go to the back half of the year and covid tapers up too we hope the supply problem will be solved, we like the stocks. >> what you're saying is there's not enough drivers on the road but as a result of that it creates a situation where you are trying to hail a new the ride the prices of gone up so if you want to get back to work i don't know why you wouldn't be drivingright now. >> there are two reasons but they are temporary, not structural and one is there is still this fear about covid interactions being in cars with people and there's been some
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disincentive will drivers that have received extra unemployment benefits the last 6 to 9 months. we've seen in states where those benefits amended earlier drivers come back more quickly. we think it is a temporary problem and as it gets result prices will come down, wait times should lower. jackie: the jobs added, they had the supplemental benefits, they made people go back to work and it is impacting the numbers. >> expedia and booking, we are neutral on both stocks. there have been big rallies so valuations are relatively full. they are seeing a strong recovery but it is not perfect and as delta comes in we saw a
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little tapering back, how long will it take to get back to leisure travel circumstances. business travel take a while to come back but booking and expedia have less exposure. jackie: we will see how the delta virus impact it. that is "the opening bell" and in 3 seconds we will give you a sense of futures indicated higher by 506. as you can see the dow is up 92 points at this juncture. we are watching that, that was over 35,000, the s&p at an all-time high and checking the nasdaq, futures are lower there, tech stocks may not be on the radar of investors today on this friday. 14,895. it is closer to the flat line to see how this shakes up.
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jackie: what did you think of the stock market reaction to better-than-expected jobs numbers? it wasn't that much market reaction. people priced in pretty much as anticipated, close to 1 million jobs being created in the yields didn't lose that much either. >> the yields on the tenure did take higher but you are right. it was priced in and folks hope this recovery will continue the momentum to get back to work, we move past labor day, although supplemental benefits hopefully end and people want their jobs back, that is driving this and there is the notion that fear of delta. if we look at what happens in europe mabel only be a few weeks and we will pass through it. the dow is hitting an all-time high. >> that is what wall street is trying to gauge, what are federal reserve officials thinking about jobs and recovery and the delta variant
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spread at least a holding pattern until the summer of this month. >> a lot to take in and a lot of folks, normally we see sell in may, go away but folks are not in the city right now in august but they will come back after labor day and continue to gains and steam. meantime i want to talk about carbona, $360. >> an indication of how well corporate america is doing with future earnings we've seen in the springtime and this is a great example of that benefiting from the biggest jump we've seen and used car prices over this meantime since the early 1950s, benefiting because they are selling more used cars online posting a surprise profit. they made money and the company's revenue exceeded analyst forecasts by a wide
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margin so the boom continues in the pandemic lockdown and hopefully will ease off in terms of pricing for used cars. jackie: expedia down this morning and i think it had something to do with covid and travel and you need vaccines to get on an airplane. jackie: we have fantastic travel earnings from marriott and norwegian cruise lines, travel bookings online are not picking up as much as anticipated, they are still losing money and forecasting more losses for the rest of the year. >> if everything goes away and we reopen and everyone goes back to school, but less people will travel in the business travel picks up but i feel there will be a slowdown to this period where everybody, the pent-up demand and everyone is all over the country and parts of the world. >> marriott hotels said we will
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see business travel pick up from the fall onwards. a lot of people say with the change in how we work, remote work and office reopening being pushed back, that might be too optimistic. at least for the back half of this year. >> we will see how this shakes out. the mobile game maker plunging after his earnings are down 6%. >> mobile gaming not as strong as blizzard and electronic arts or game publishers, not as enticing as call of duty which is hugely successful. we expect the slowdown in gaming, disappearing sales guidance and forecast, they made less money and less sales in springtime. stock is down 16%. >> i want to look at fire i, the cybersecurity comedy we talk about a lot where they are down 11%.
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>> it is a different type of story related to earnings the cost related to the spinoff of cybersecurity from faster growing cloud business will cost $1.2 billion so that is a lot to take off the bottom line but it makes sense given the cloud business, 2 thirds of their sales but fire i taking a hit on the bottom line in order -- the long-term is probably better. jackie: we will watch and see how it shakes out. it is a reputable company we talk about a lot. thank you. i want to look at the dow winners as well. jpmorgan chase, dow inc. goldman sachs, traveler, walgreen leading the way, pretty substantial gains after the jobs report, the s&p winners, american international, motorola on top, pretty strong showing on the s&p.
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>> to move up in the yields of one.2 and that helps the reopening plays like travel stocks and industrials which outperform during the springtime. >> seeing strength on the nasdaq but not necessarily where you think you would see it. monster beverage is up, apple, facebook. maria: not the typical but let me show you the other movies today, from china, the ipo which was disastrous according to a lot of people. we are recovering a bit today below the $14 ipo offer price, might actually comply with beijing's data rules of the right healing giant put forth a number of proposals including cd management to a private third-party which will likely be beijing control. it is uncertain how that arrangement impacts access to data when they are trying to get people from here to there,
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400 million riders and drivers they service in china. a climate change and spending winner tripled in the past year, reporting a jump of 8%, 85% in sales from a year ago, that is pretty good. if you're going to get help from infrastructure, $3 trillion climate bill as well, you're going to benefit. tell me if this is an up session for you because it definitely was for me. a lot of people in the housing boom looking for their dream homes. sales coming in way above. this pandemic housing boom continues and forecasting sales to talk to billion dollars for the first time this summer and the home slipping business where they offered to buy your home, give you a zillow estimated price and if you want to sell it to them for that price they will do it and they go and flip the house around.
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>> i spent a lot of time dreaming more than anything else but when we were under lockdown, so easy on our phones to play those apps. >> zillow estimated price. i'm is person. sometimes they give you more money and higher price than the homes are sold for. i wonder if that hurts the bottom line. overpaying. >> people are paying, so much demand. thank you for that. the lead on this busy friday, labor secretary marty walsh on the jobs report and shortly after that you will hear from president biden. if he takes questions we will take you there and did you hear about this? cnn firing 3 of its employees after coming to the office unvaccinated but what about chris cuomo. he still has a job despite personally advising his brother, new york governor andrew cuomo on devastating sexual assault claims, more on that coming up.
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maria: let's check the markets, dow jones industrials up 171 points, the s&p up by 8, the nasdaq lower at 33 points, dow in the s&p hit all-time highs after a gained buster jobs report this morning, the economy adding 943,000 jobs. the unemployment rate dropping 5.4%.
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we saw revisions-june. the markets like this even on a sleepy summer friday but i want to take a look at yelp as well. a stock is surging 15%. once again, eating out, vaccination status in new york to get into restaurants but an ad revenue recovery story, same we saw for other social media sites like facebook, twitter and google. all in all fantastic and stock reflects that. >> you can see it at all is 15% i like yelp and sometimes i look for services in new york city that i need that i'm not familiar with, great to read people's reviews. >> the review yourself? >> i don't. i'm more of a warrior. >> let's check the airlines and
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bring in jeff hoffman. we mentioned how united will require their employees to be vaccinated. what do you think of that? will other companies follow? >> they probably are. they are already having an issue because of labor shortages. american reported they are short of thousand pilots. they canceled hundreds of flights, spirit canceling flights. i think they will follow suit but it will make travel more difficult with more cancellations for consumers. >> travel could get harry depending on how this shakes out. what happens with the vaccines and their status with the fda, what happens with businesses telling individuals they need to be vaccinated whether you are an employee or a consumer walking into a certain space or riding a plane for example and then the delta variant. will people want to be
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traveling or will they be scared and self-imposed themselves to be locked down a little bit. >> something important here. the delta variant is scaring people. if they are not afraid of catching it they are afraid that when they get somewhere they might get stuck there were things might get shutdown but trusting. travel is changing because of two things. obviously the pandemic but also workers are working at home and the age of a big family vacation where we spent a bunch of money and when we kind of ended because so many trips got canceled or put off in the trend now is people want to take a lot of little short trips instead of one big one. they working at home. why not work from the beach if i'm working at home anyway. the airlines are getting people flying so they are offering discounted fares and we are seeing a trend let's take a lot of little trips. one other thing that supports that, a new apps released this
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week called the lewd, and apps that reflects finally i think the way people travel. a budget driven travel. you say i have $5, what can i do this weekend and it finds you something fun to do. that is much more representative of the way people are going to start traveling. i want to get away from the weekend and i will work there. maria: i will ask how it differs, so many apps out there but if you give it your budget and it can tailor a trip for you and come up with ideas you wouldn't have thought of. >> exactly and it is based on your interests. you say again travel isn't budget driven, today what you have to do is go out, looking at all the things you do when you can't afford them. just tell us what you can spend and we will get you something that works for you. >> sounds interesting in this environment. thank you.
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staying on the summer travel rebound looking at gas prices, another record high. give me that number. >> national average of $3.19 a gallon, the highest since october of 2014. prices are already $0.08 higher compared to a month ago, a buck higher than a year ago. what gas but he tells us is it looks like demand is likely to cool off with increasing numbers of companies postponing their return to office space and less traveling when you have to get kids back to school as well. maria: gas prices up 46% year-over-year and you say i know it doesn't go into the cbi number but it is pretty significant for the consumer. >> we were talking about this in new york, thinking about parking prices in manhattan. gave an example of how you would have to take a cab to get
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your parked car which is so unappetizing. >> remember when democrats blamed republicans for defunding the police, watch this. >> the party that is actually defunding the police, not a hypothetical is the republican party. >> of the republicans don't support that aid they will be defunding the police. >> let's talk about who defended the police, the republicans. maria: i'm sure they don't like what congressman cori bush just said. he flat out calling to defund the police but is defending her use of personal security. also california governor gavin newsom said his recall is not only unfair but the effect of it will be felt across the country. tammy bruce is with us to react in the next hour. ♪♪ on a highway to hell ♪♪ highway to hell
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maryland. >> i love how you say hi pockets of pressure and 75 degrees. >> version galactica opened ticket sales, how much for a seat into space. >> couldn't afford to go myself. >> $200 more, the ticket prices. the marketing blitz. richard branson being the first human test flight. 450,$000 reopening sales. a bigger loss in the springtime and only sold half $1 million in sales which is paltry, they talk about 450,$000 for one
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seat, one. jackie: i will wait a while until i can get tickets for both of us. >> do you prefer blue origin or virgin galactic to do different things? we will see. jackie: i might be on the jeff bezos side of things. you have news on elon musk, following him and star link. >> according to one analysis, as fast as broadband. they did speed test data, you will trust me on this, looking at the 97 megabytes per second. to me it doesn't sound that fast. my broadband at home is a terabyte already. maybe i am overpaying. online fees, they are paying less for broadband than
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spectrum but apparently there will be more coverage in urban areas or rural areas, think of africa should benefit as well across the country. 500,000 already signing up for it. jackie: very elon musk to democratize it. let's check a market check, dow jones up 110 so holding steady after the open and the gangbusters jobs report this morning, the s&p 500 taking up by 3 points and the nasdaq a little lower, 43 points. a little bit of a selloff in tech, the the s&p did hit all-time highs. still had on the show, labor secretary marty walsh, tammy bruce, kenny will be with me the entire 11:00 hour, the band is back together and george pataki as well. the second hour of "varney and company" is next. chievable steps that give me confidence. this is my granddaughter...she's cute like her grandpa.
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indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire ♪ ♪ jackie: good morning, everyone. i'm jackie deangelis in for stuart varney. it is 10:00 eastern time, let's get straight to your money. 943,000 jobs added in july, the unemployment rate at 5.4%. i'm going to talk to labor secretary marty walsh about this in a few moments. let's take a look at the 10-year treasury note, reacting to that jobs report as well, up six
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basis points, 1.28% on the 10-year, that's the yield at the moment. take a look at the cryptos as well, mixed right now, bitcoin, ethereum a little bit lower, litecoin a little bit higher, manager to watch throughout the next -- something to watch throughout the next two hours. democrat congresswoman cori bush saying that she's going to make sure she's got private security while pushing to deup fund the police. watch this. >> i'm going the make sure i have security because i know i have had attempts on my life. and i have too much work to do, there are too many people that need help right now. so if i end up spending 200,000, if i spend $10 more on it, you know what? i get to be here to do the work. so suck it up, and defunding the police has to happen. we need to put that money into social safety nets because we're trying to save lives. jackie: tammy bruce joins us now. tammy, good morning to you. wow. okay, she's telling us to suck
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it up. president biden, meantime, saying democrats were not the party of defunding the police, so, i mean, the hypocrisy here? >> it's very, very strange. they live in an odd kind of bubble where everyone else doesn't exist or doesn't matter. jackie: yeah. >> we've seen what they've done for over a year regarding defunding the police. they're telling us that we should not believe our lying eyes and our lying ears. but her comments, i think, are very important and valuable because it reminds everyone whoo lives in an urban area, who lives in a great american city that there is a different standard that they give to you that, in fact, you know, congresswoman bush is saying that she has threats, she's in danger. if you live in an urban area, you are a single mother, you're raising a couple of young children, you too -- considering the homicide rates if you live in chicago, if you live in new york, minneapolis -- those women and men are also in danger.
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jackie: absolutely. >> it's fascinating that she deserves protection from crime or threats or any kind of other kind of violence, but the average american doesn't. and in her mind, that tells you, like every other democrat, that they believe they are more important than you, they are more valuable than you, they are worthy of protection. you are not. this is a confession about -- jackie: yep. >> -- about their contempt for every american. not just their own base, but everyone who lives in this country. so i want to thank cori bush for being honest. obviously, she didn't mean to be, but every now and then you get a glimpse. jackie: i'm glad that you brought that all up because i live here in new york city, and i am an average american, and i do walk around alone, and i am constantly scared. >> same here. jackie: every weekend we report on the crime, i'm walking around literally looking over my shoulder, and she's saying, no, no, we're going to defund the police, but i have private security because my life is so valuable. you know what?
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i think my life is valuable too. next one i want to talk to you about, the governor of california, gavin newsom, saying that the recall election is unfair. listen to this. >> do you feel like your actions and decisions as governor would rise to a level where a recall is a fair response from the voters? >> no, not at all. but, you know, -- [inaudible] i think it'll be quite pronounced for many, many years. i think it'll be felt all across the country. jackie: not fair? why should he get more time? he's done a lot of things wrong, tammy. >> yeah, you know, it's funny, he talks as though the experience and it's floating over, impacting the country for many years is a bad thing. that's exactly the point. that's exactly the point. look, the voters will have their say. they had their say when they filled out those petitions and by an overwhelming number said,
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yes, we want an election sooner for this guy. so it's like, you know, you get to choose when i say you can choose. that's also not how it works. every day that that man and others who do unconstitutional, illegal actions which he's been judged as having done by courts, every day that they are still in office more lives are destroyed, the economy goes further into the gutter. every moment matters, every day matters. california ons know that, every american knows that. but the california economy is key for this nation just like the new york economy. and they're running around like in a big monster truck stomping on every part of this country. of course it's not fair for him because he's used to be able to do whatever he wants. and now people are actually saying, no, you can't do this. they are the voters. the voters decided this, and they're going to decide it again. and i think that he sees with the polls, as we all do, that he's in quite a bit of trouble,
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and now experts are saying and on receiverrers are saying -- observers are saying this, in fact, may very well happen. jackie: you see democrats and they're in trouble, even when they recognize it, they dig their heels in further. andrew cuomo, that's another story. of course, you guys can catch tammy tonight at 10 p.m. eastern time on the fox news channel. all right, quick check of the markets here. looking at the dow, it is higher after the jobs report, 135 points, and now gaining some steam here. the s&p 500 ticking higher and the nasdaq holding with that loss of 56 points. coming to susan li, you've got some movers. >> yeah, want to start with more earnings. cannabis maker canopy making more money by doing what? selling marijuana, of course. and cannabis, demand is there, as you can imagine, but they're also cutting down on costs. sales did come in a little bit light, and that's why the stock is down. dropboxs also recovering as
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well -- dropbox, they made more money than anticipated. you have a bounce here. and beyond meat, the vegetarian meat, moving more than anticipated in those three months. sales did come in above wall street guidance, but they also were cautious because they're saying that customers are putting in very conservative orders because of the covid uncertainty and the delta variant spread. and finally, papa john's, pizza maker, losing more money but sales came in higher because we do need our comfort food and pizzas. same-store restaurant sales were up 12%. jackie: wow. >> they made a billion dollars plus. jackie: that's pretty significant. robinhood surging this morning after tanking yesterday. this is one you're following. >> yeah. it was down 28% yesterday, and more people are selling 97 million of these shares, that's around $3.5 billion worth of stock supply that will hit the
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markets, and as you know, with more supply, the price comes down. if we do have that graphic of -- yes, there it is, wall street bets, robinhood is still the meme of all memes. it's ironic because they were the bad guy at the end of january during the gamestop saga which was sparked by wall street bets. number two on twitch. and it's the options trade because now all of a sudden you're allowed to trade options this week. i think that added to the volatility that we've seen in robinhood. jackie: oh, absolutely. that makes a lot of sense. thank you, susan. i want to get back to that jobses report. 99 43,000 reports -- 99 -- 943,000 jobs added in july. labor secretary maty walsh, good morning -- marty. your reaction to this because i'm thinking two things. the first thing is 25 states said we're not going to have those supplemental job benefits anymore, and the second thing, want to get your thoughts on this, do we need $4 trillion
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more in spending if the economy and the labor market are picking up like this? >> well, first of all, thank you for having me this morning, and thank you for your two questions. a great jobs report, 943,000 jobs. the last three 'em months over 800,000 jobs added to the economy. there's no indication that ending the $300 benefit has added to people entering into the economy. we've seen over the last three months 800,000 people, average of 800,000 people coming into the work force, and we had the $300 benefit in those spaces. and i do think one area that concerned me today was the nursing home and the health care sector. we lost ground there, and that shows you right there that there's a big need for a cares economy package to make investments in that area because people, quite honestly, are getting older in america, and families are worried about where their parents are going to be, at home or in a facility, and
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the same for children. so i think having these two packages moving through the legislature right now, one is the bipartisan infrastructure bill, that's definitely needed in our country. just drive around our country, go to a city or town ask a mayor, they'll tell you. and the cares economy piece, these are long-term investments, so i think they're very much needed in our country. jackie: okay. $4 trillion, that's a hefty price tag. i think gop leaders would say, yes, we need some investment but maybe not that much. let's switch gears -- >> let me just quickly, if you talk to the american people, 70% of the american people think these investments are good, and i think it'll be the first time in almost a century that we're making a major investment in the american people and our economy and creating certain opportunity in certain job sectors. if we had kept up on it, wouldn't have to make the one-time investment. jackie: i'm going to stick with the point that you're bringing up, because i think it's really
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important. participant of the issue with the $4 trillion is inflation. that is a kitchen table that americans are facing right now. maria bartiromo had the opportunity to talk to jamie dimon, ceo of jpmorgan chase, and he said that he doesn't believe that the inflation is temporary. listen to this. >> maria: are you seeing inflation? do you agree it's temporary? >> i don't. also looking ahead, i think you've got a loot of stimulus that -- a lot of stimulus that hasn't been spent and a lot more coming. having fiscal stimulus that big is unprecedented, and that by itself almost has to be inflationary. it's fundamentally different than qe. you see it in wages now, and i think there's a portion that's temporary and a portion that's probably not. jackie: secretary, let me ask you, is jamie dimon wrong on inflation? >> what i heard him say is he's not sure if it's long term -- jackie: he said part of it is long term and part of it is
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temporary, but there will be a lastingfect. >> i think we're in a very unique situation right now in coming out of a pandemic. this is something that we haven't experienced in this country in a hundred years. this is not a normal recession. this is not something that's predictable, and i think as we continue to get more and more people back into the job market, we need to see wages rise as well. we saw a 4 percent increase in wages for people which is a good thing, allows people to spent more money in our economy, and i think this is something we have to keep an eye on as we move forward here. jackie: we certainly do. there's also the issue of the delta variant, people are worried about that derailing us from the progress we've made on the economy, certain people don't want to get vaccinated or can't, and you add the fact that the president has extended the eviction moratorium until october 3rd and more reason people may not want to a head
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back to the workplace. >> i think if we were able to get the delta variant under control, the president wouldn't have to do the eviction moratorium. and i do think our policies are going to be driven by making sure we keep people safe and awe alive. prior to this i was the mayor of boston in the beginning of the pandemic, we saw our hospitals in the city of boston stopping elective surgery, procedures because we needed that room for people that were covid-positive and sick and dying. right now we're at a moment and point in time that we can control the delta variant by simply taking care of ourselves, by wearing masks where we see increases in these numbers, by getting people vaccinated. for the life of me, i don't understand how all of a sudden vaccinations have become a political issue. they should not be. it's too important whether you're conservative or progressive, it doesn't matter. if you get vaccinated and you keep yourself safe and alive and your family safe and and alive, that's what matters right now. jackie: absolutely. and we do encourage people to get the shot in the arm if they
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haven't already. another one for you, secretary the, richard trumka passed away at the age of 72. he led the labor federation since 2009. your reaction to this. >> yeah, thank you for asking me. you know, richard trumka was a great man. he was down in the mines working, got his hands dirty in a dangerous job, rose through the ranks to lead the mine union and then rose through the ranks to lead the afl-cio. he's going to be a big loss to working men and women all across this country. he loved this country, he loved working people. he represented, obviously, union member, but he also represented non-union members, and he's truly a giant in the labor movement and he is a giant that will be lost. jackie: secretary, wonderful to see you this morning, thank you for you time. >> thank you. jackie: new jersey's governor has been very vocal in his animosity for those skipping the jab. roll it. >> you've lost your minds. you are the ultimate
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knuckleheads, and because of what you are saying and standing for, people are losing their life. jackie: now he's imposing a new mask mandate for children. we are on that. plus, restaurants are sounding the alarm over vaccine passports. the owner of brooklyn's dumpling shop says it's a backwards move that's going to kill the industry. he's coming up. but first, cnn caught up in a credibility problem as chris cuomo gets caught up in his big brother's scandal. brent bozell is here to break it all down for us right after this. ♪♪ ♪ limu emu & doug ♪ oh! are you using liberty mutual's coverage customizer tool? sorry? well, since you asked. it finds discounts and policy recommendations, so you only pay for what you need.
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♪ it's philadelphia freedom. jackie: a live look at philadelphia, city of brotherly love. sunny and 79 degrees. looks beautiful there. it's beautiful here in knight too. but -- in new york city too. in this climate of cancel culture, it's running in stark contrast to our country's founding and values. gerri willis in philadelphia, you are talking to the museum ceo. what's he saying about this contrast? >> reporter: this is a fascinating story. this is day three of our american road trip in philadelphia, pennsylvania. this is really the beating heart of the american revolution. this is where the continental congress met. this is where the declaration of independence was signed way back in 1776, and this museum is, i gotta tell you, they're really telling all of these stories in a variety of ways. i'm on a replica of a privateer
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hip. this is kind of ship that american revolutionaries would have fought the british navy on, they would have fired cannons just like this, and the ships were under sail, is so oarsmen there. the museum of the american revolution, pardon me, the big story they have about themselves is that attendance is going higher. they had some 3,000 people here over the fourth of july, and in the month of june, they they we% of their more normal visitation. so good news for them and and, of course, there is a controversy though brewing surrounding the ideals and values celebrated here from critical race theory curriculum in schools to national anthem protests by some of the nation's most prominent athletes. folks here say the museum is dedicated to telling the real story of the revolution. and joining me now is scott stevenson. scott, you are president and ceo of the museum. tell me about, first off,
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visitation. when will you get back to more normal levels? >> oh, boy, we need the magic 8-ball for that. as we've done for over a year, we've been watching carefully the course of the pandemic. the good news is this summer's been very strong. we had 3,000 visitors for fourth of july holiday weekend, we're about 75% of what a normal -- >> reporter: right. -- year would have been over the summer. people are traveling in from around the country. there's a renewed interest in this early american history. a lot is just what happens this fall, you know, with the coronavirus, and we're hoping that, you know, as our founders believed, miracles happen. we're hoping that there's no interruption in our service. >> reporter: so let's talk a little bit about, you know, this assault really on the story that we tell ourselves about the american revolution. you guys do a fantastic job depicting all of this in detail and telling personal stories. how do you respond to people who visit the museum and say what about critical race theory?
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what about these ideas that maybe the flag isn't what we thought it should be? >> well, i think taking sort of the labels we apply to what the different sides are, i think, ultimately, we're having a national conversation about what the meaning of the founding is. and you know, we are committed here at the museum of the american revolution to exploring this ongoing struggle for liberty, equality and self-government. we tell all the stories. we believe that all of the stories are, make for an accurate telling of american history. but all -- i think the difference here is because we see the american revolution as ongoing and unfinished, it's hopeful and forward-thinking. and just as millions of americans go to their places of faith every week and they think about, they compare themselves, how did i do this week to the values that i have, and most people say, hmm, i came up a little short. if we can think about that as our national history as well -- >> reporter: right. >> we have these incredible
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founding values, and we're trying to form a more perfect union. >> reporter: jackie, as i send it back to you, i have to plug this thing. here on this property in this museum, they have george washington's actual tent, his actual tent that he used during the revolutionary war. think about that. it's on display, you can see it right here in philadelphia. back to you. jackie: that is really cool. gerri willis, thank you so much for bringing us that story and for your series on this. meantime, there's a new report out there that says executives at cnn offered host chris cuomo, quote, a leave of absence so he could advise his brother, governor andrew cuomo, during hissen young sex -- his ongoing sexual harassment scandal. brent bozell joins me now. why are we not addressing the elephant in the room, the credibility issue? >> hi, jackie. jackie: hi. >> when you think it can't get
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worse for cnn, something else breaks. cnn, you know, has had this problem where they have insulted conservatives, they've covered up the news, they've done all sorts of things led by chris cuomo. and now you're finding that chris cuomo was advising his brother on how to smear people with allegations against him. and he is still on that network. it's not a question that cnn, the story being cnn suggest he might -- he should have done it. this is ethics in journalism. he should have said from the start to cnn, look, i'm going to be helping my brother, which is fine. i'm going to be helping my brother. i'm stepping down and taking a leave of absence until this is over. or he should have said i'm going to recuse myself and not have anything to do with the story, but i'm not going to advise my brother while i'm on cnn.
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this is not hard, jackie. this is ethics 101. and let's remember, this is the number one person at cnn, and he's still there. jackie: brent, not only is he still there, when the i.g -- when the a.g.'s report came out on tuesday, he was on the air tuesday night x he ignored the whole situation altogether. this would have been the perfect time to say, you know what? it's summertime. i'm going to let somebody handle it who can actually address it. pretending it wasn't happening is crazy to me. >> and go back to the nursing home scandal which is bigger because people died in that scandal. look how he handled that. he refused to cover it. jackie: yeah. >> he did a cover-up for his brother. very quickly, jackie, jeffrey lord, corey lewandowski, senator rick santorum, all were fired for there being the slightest allegation. but then you've got jeffrey
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toobin who's one of their darlings who was caught maas you are masturbating on a zoom call, he's suspended and brought back, now chris cuomo -- jackie: i've got one word for you, hypocrisy. that's the word. all right. great to see you. coming up, no jab is, no flight? senator rand paul slamming the idea of vaccine requirements for air travel. roll it. >> all of these people are the same people who hooted and hollered and said trump is leading us to authoritarianism. what could be more authoritarian than a no-fly list for people who disagree with you? jackie: going to tell you what else he said coming up, but first, taxpayers could be on the hook for untold millions of dollars in wages under a clause in the infrastructure bill that you've probably never heard of. we're breaking it all down right after this. ♪ oh, but ain't that america for you and me? ♪ ain't that america, something to see, baby. ♪ ain't that america, home of the free -- ♪♪
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♪ jackie: welcome back, everybody. president biden is set to speak any moment about the july jobs report. excuse me. we will monitor it and bring you any headlines as we get them. meantime, a check on the markets at this point in the session, 10:31 right now. the dow is up 132 points after
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that very strong jobs report. the dow trading over 35,000. the nasdaq slightly lower, 48, and about the same range that it was for most of the morning. the s&p 500 ticking higher by almost 7 points at this time. now this, a wage clause in the bipartisan infrastructure bill could ultimately cost you, the taxpayer. hillary vaughn is on capitol hill for us. all right, hillary, explain the wage clause and how much taxpayers could actually be on the hook for here. >> reporter: well, this wage requirement, jackie, is a big win for unions. prevailing wages applying davis-bacon laws to federal prompts that would be paid for through -- projects means that the biden administration through the secretary of labor decides what construction contractors have the pay their workers in order to get a government infrastructure project. they base the wages on similar projects that are having locally. unions say that the federally-inflated wages is a good thing for blue collar workers, it prevents what they say would be a race to the
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bottom for builders bidding on projects and takes away the incentive to cut costs by paying laborers less. but it doesn't come without a cost to taxpayers. the nonpartisan congressional budget office estimated repealing these wage requirements could save the federal government over $17 billion over the next ten years. critics, though, say prevailing wages benefit unions overwhelmingly and cut out private contractors. the associated builders and contractors spoke out against prevailing wages in this infrastructure bill saying this: the system of federal, state and local government setting prevailing wages is outdated, needlessly raises construction project costs, stifles contractor productivity and discourages competition from small businesses interested in pursuing federal and federally-assisted construction projects. and this group, adc, did a survey, jackie, of their 350 members. 75% of those members told adc that it makes them less likely
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to get in and bid on a contract which means unions, essentially, have an open field to themselves in bidding for these projects. jackie? jackie: wow, that's incredible. thank you so much for breaking that down for us. the congressional budget office says the infrastructure bill will add a whopping $256 billion to the deficit over the next ten years. let's bring in mick mulvaney, former director at the office of management and budget. mick, senators said that the bill would be fully paid for, and now we're talking about the deficit expanding as a result of this. i was talking to the labor secretary earlier, and i asked him more about spending time -- him about spending more at a time like this. he said, oh, 70% of americans believe we should be. but $4 trillion? >> good morning, jackie. thanks for having me. what we're seeing now is what those of us who understand government accounting was going to happen. senators were saying it's paid for in a washington sense.
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that's not the same as the ordinary english language. and they're having to regress about making such an aggressive pitch on how this thing was supposedly paid for. using all the smoke and mirrors and government accounting, it would look like it's not going to add anything to the deficit, but what the public heard was it wouldn't add to the deficit. if they pay for something in washington, it's entirely different. and the cbo, i've been critical of it in the past, it's certainly inside the beltway. but the bottom line is this: this will add to the definite, no ifs, ands or buts about that. most republicans, i think, would privately admit that. they can say it's paid for because it is in a washington sense, but it's going to add to the deficit, and i'm glad cbo at least shed a little bit of light. jackie: you know, if we were at a point where we needed the stimulus, i could maybe, maybe possibly get my head behind it, but we're not. look at this, reopening, 943,000
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jobs were added in july. the unemployment rate falling to 5.4%. it's a good number. it shows we're in a strong position if things don't get messed up by the delta variant. why would we spend like this? >> it is a great -- your first point was a great one which is there's other reasons to vote for the bill. you might think it's okay to wore remoney to build -- borrow money to build roads and bridges. but it can't be a stimulus, it shouldn't be a stimulus because if they offer it just as a stimulus, what we'll have is inflation. wages are up, remains to be seen the inflation numbers when they come out tomorrow, we'll know more about that. be curious to see where the job growth is. is it, for example, in the states that got rid of that extra federal unemployment supplement a couple weeks ago? a lot of data is still to come out, but you cannot make a pitch
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for infrastructure as a stimulus, or at least you shouldn't be. jackie: he said, the secretary, that it wasn't the 25 states that took the benefits away, that was not what contributed to the job growth, and he also got very nervous when we started talking about inflation. so, mick mulvaney, great to have you this morning. thank you for your insight. coming up, the era of cheap natural gas is over as prices surge 1,000%. what it means for the global economy, what it means for your wallet up next. and we brought you this, we brought this to you first. homeowners were making thousands of dollars a month by renting out their backyard pools. grady trimble is at one of these. we're going to join him next. ♪♪ it's going to be a long, hot summer -- ♪♪
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muck and we're gonna let it burnings burn, burn. ♪ jackie: that is jacksonville beach, florida, this morning. going the likely rain there a little bit this afternoon, but looks good for now. now this, the barbecue battle is heating up as weber grill officially began trading yesterday. come in, susan -- the. >> let's check it out, shall we? jackie: yeah. >> this is trading higher, so we're at $18, not bad, right? getting another 10% today. and we were discussing this because i'm not barbecue -- jackie: griller. >> and i was wondering, is weber the dominant outdoor grill? apparently, it has 30% market share, which is pretty good. compare that to traeger which recently ipo ooh'd as well, and some would say the metric warrants this type of move, and that's even before summertime. jackie: grilling a lot more. you can see it up 10% there, $18
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right now. thank you for that. meantime, you first saw this on" varney," the company that helps homeowners make thousands of dollars a month by renting out their backyard pool. grady trimble is in illinois at one of these backyard locations. we first talked about this last year. i can't believe people are still doing it. >> reporter: well, it has absolutely surged since a year ago. revenue is up 4,000%x it's pretty simple. if you have a backyard pool like this one, you put it up on the app, and anybody who wants to ask can rent it at an hourly rate. this pool is one of 17,000 on the app right now. lauren spain is the homeowner. so you just started on the app. >> yeah, probably two, two and a half weeks ago. >> reporter: how's it been so far? jackie said is you could make thousands, is that true? >> yeah, you can make good money. i wasn't anticipating the amount of attention that the pool and the property would get but,
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yeah, it's been refreshing, to say the least. >> reporter: how many inquiries have you gotten, and what's it been like? >> probably about 75-100 inquiries, and it's been pretty cool. to let people use the pool and enjoy it, something that was a passion of mine to kind of build and design and, you know, meet a lot of cool people at the same time. >> reporter: and helps offset the costs of the pool. >> definitely. the electricity bill, the chemicals, it can get pretty expensive, so is that definitely does help. >> reporter: and by the way, jackie, you mentioned that we talked to the coo of the company. he is just blown away by the growth. he thought it was so important to talk about that we didn't even is can him, he said it unprompted, and that is the question of whether the hosts let the guests use the restroom if they're here all afternoon, all morning, what have you. he said 90% of the hosts do. lawrence is one of them f you're polite. jackie: can you rent that pool
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by the hour? and how much are we talking about? >> reporter: this one is $100-150 an hour depending on the number of guests you have. jackie: and you hope you have bathroom privileges. [laughter] grady trimble, thank you so much. now this, the era of cheap natural gas is over. come in, susan li. >> we were talking about pools, at least dress the part, that's what i say. [laughter] there you go. yes, talking about natural gas and getting a little bit more expensive, a lot more on the european side is. up 1,000%, record high pricing there. now, in asia, highs for the year as well. so it's not cheap anymore. high prices seem to be sticking around because demand is up, weak supply, so that means supplies are down. also you have the clean emergency push for more cleaner burning natural gas, electricity to heat homes. over the past decade this was
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abundant, you could find it really from the u.s. to australia, but looks like by 2024 demand is going to go up 7%, and those electricity bills, you can imagine, will go up along with it. jackie: yeah. that's what happens when you have issues with fracking and you've got an administration who is not support we've to to the -- supportive of the process. >> and the texas freeze, we might see that repeat itself. jackie: you're also watch other movers. >> yeah. the chinese uber, because it looks like we have a recovery here in the stock. it went out at $14 for its ipo, so we're still below that, but i you have a little bit of recovery with didi possibly complying with beijing's demand for more data from the app, and it looks like it's going to be a managed third party, they'll oversee that data. i want to move on to earnings, draftkings, here's a winner here. it looks like they actually increased their usage, monthly
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users on the app is now 1.1 million, and we know that sports betting is only going to get bigger with more states approving it. i want to show you my pandemic lockdown obsession which is zillow. zillow did very well. in fact, looks like they finally made a record amount of cash there and did very well, of course,9 with the housing boom that we've been seeing as well. jackie: yeah. i think a lot of people were looking to move, a lot of people were dreaming as well -- >> oh, yeah. it's a lovely escape from the pandemic. jackie: i hear you, right on your smartphone. susan, thank you. meantime, i want to show you the cover of "the new york post" showing andrew cuomo lounging by the pool and we were talking about earlier just sort of ignoring what's happening here as they call for him to be impeached. i'm going to ask former new york governor george pataki what happens next. but first, restaurants are sounding the alarm over vaccine passports. the owner of brooklyn's dumpling shop is one with of them.
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♪ jackie: all right, let's take a check on the markets here. you see the dow jones industrial average higher by 1099 points, about three -- 109 points. the nasdaq lore, declines are steepening, and the s&p 500 ticking up higher, the dow, the s&p 500 did hit all-time highs during this trading session. now this: new york city mandating vaccines for indoor activities. the order is going to start phasing in on august 16th. dan roe is the ceo of a development company. dan, you say the government should stay out of private business decisions altogether. make your case here. >> absolutely. well, it's unfair and it's impractical because they're mandating restaurants serve only vaccinated people, but what about grocery stores? grocesly stores compete with -- grocery stores compete with restaurants. i don't know if you've been to a whole foods, but they're packed. or even a home depot or the mall. like, these places are busy, so
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why aren't you applying this fairly to everybody? on the other hand, you're going to ask an employee to verify whether somebody's been vaccinated, and i don't know if you've seen the vaccination cards, but here's a driver's license. it's government-issued, it's watermarked. here's the vaccination card. this is something my son could create. jackie: yeah. >> so who's going to be responsible for the bogus ids, the fake ids? there's going to be a great deal of liability, and restaurants just aren't trained and just not prepared for it. jackie: absolutely. these are, this is, like, uncharted territory, if you will and, yes, those cards are very flimsy and literally handwritten in. as long as you mass produce the card, anybody could write it. you wonder, what's the point? >> i don't know. i mean, nobody even knows what the rules are. like, we haven't actually seen the rules. it's just a knee-jerk reaction to these press conferences that this lame duck mayor puts out.
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he's totally, you know, he's going to bring back the mask mandate in d.c., like, as soon as they put in the mask mandate in d.c., restaurant reservations dropped like crazy. it's, like, this is badr for business. so these politicians throw all sorts of stuff up against the wall to see what sticks, but in the meantime, they're creating chaos and they have no regard for the unintended consequences and fallout. jackie: well, it's amazing to me because here in the city de blasio is paying $100 for a shot. if you get your first shot, you can literally walk away with a preloaded debit card. if that's not going to encourage people to get the shot, i'm not sure what will. if you're try the try to -- you're going to try to keep people out of restaurants, i'm not sure that's going to do it. >> you should leave it up to the restaurants to decide. you leave it up to the restaurants to decide, not the government.
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jackie: absolutely. each restaurant can decide what's right for them and their sort of moral approach to this situation. it's rah really tough. dan, thank you. great to see you this morning. have a wonderful weekend. >> thank you. jackie: now this: the governor of new jersey, phil murphy, is set to announce a mask mandate for students in k-12 schools. >> kindergarten to raid 12, wearing masks -- grade 12 wearing masks for eight hours a day -- jackie: that's a lot. >> it goes against what phil murphy has said in the past. he said in late june the state was planning not to have a statewiding mandate for students and staff to wear masks in the upcoming academic year, and he would leave it to the individual school districts to determine their own rules. now, he was also adamant, by the way, that the garden state and the schools will be given full in-person instruction, but he had to backtrack with the spread of the delta variant, and it looks like masks are in place
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for k-12. jackie: yeah. this is really difficult. i don't think kids should be wearing masks, but if you told them that would be the condition to get them back in the classroom, i would say okay. susan, thank you for that. another big hour coming up, folks. brad blakeman, mike dunleavy, former new york governor george pataki and a lot more. plus, no jab, no flight. senator rand paul slamming the suggestion of a vaccine mandate to fly. how likely is it to actually happen? we are on it in the third hour of "varney." that's next. ♪ -- walking on broken glass ♪♪ (naj) at fisher investments, our clients know we have their backs. (other money manager) how do your clients know that? (naj) because as a fiduciary, it's our responsibility to always put clients first.
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builder benefited to the jobs report since president biden at inauguration, jobs declined for the last 3 months, it ended thousand jobs added to the economy, we need to see wages rise as well. >> the delta very to scaring people, travel is changing, people want to take a lot of little short trips instead of one big one. there working at home, why not work from the beach. >> takes a while to meet up
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with it yet. >> the jet numbers are really good. the fact that the market is at all-time highs suggests the trend is up. hard to be a bearable market i've seen some indications that. starting to tire. ♪♪ i'm going to celebrate ♪♪ i just want to celebrate ♪♪ friday morning august 6th. good morning to you. let's get right to the markets in this hour, the dow jones industrials up 129 points, very strong jobs report, look at the s&p picking up by 3 points, the nasdaq composite declining, increasing a little bit, down 83 points. the 10 year treasury note, we just hit a 2 week high, the yield is at one.3%, it is up and now this. can he will be joining us for
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the full hour. 943,000 jobs added july. the dow and the s&p hit all-time highs and that is the report that is driving the market right now. >> that's right. everyone is focused on this report because it is indicative to what jay powell may or my not say but the report was strong enough but not as strong as some of the estimates, some as high as 1.6 million new jobs. 943 was hot enough but not too hot but it will cause a conversation about what jay powell will say in august because unemployment went from 5.7 to 5.4. >> very significant and earlier the labor secretary told me
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cutting unemployment benefits in 25 states did it in july, that did not boost the jobs number, your thoughts? >> i disagree. i heard that. i was watching that interview and i thought this guys living in a different world. that is exactly kind of what drew, what drove the surge in employment. >> caller: after labor day when benefits expire if for some reason the delta variant doesn't have an issue, we don't have a whole conversation about this. all goes to plan you will see more people return to the labor force because they have to. >> we shouldn't have had that extra benefit, in may or june but once that runs out people will be forced to and that will be a good thing because the services industry you see how bad it can be whether it is restaurants, hotels that can't get enough help. it is difficult.
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>> wages were up 0.4%, they were up 4% year-over-year and a lot of economists make the point once those wages do go up you are not going to bring them down. that is permanent. what does that do. it contributes to inflation. the cost of goods and services in this country going up much faster than wages are going up. there is disparity there too. it is a lot. >> wages are not keeping up with inflation which is why the inflation story is a concern for me when they keep saying jay powell keeps saying it is transitory, he thinks if he says it enough everyone will believe it but we are living in the world so it doesn't feel transitory. >> we played the soundbite, some of the inflation is transitory but there are real elements of it and some of it is huge and when you think about gas prices, 46% over the
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last year, that is what matters to the american people. they are roaming the aisles of the supermarket and paying more for food, basic cost-of-living. when you take that out of the extra money they make in their wages they are losing money. >> a lot of the consumer staple names procter & gamble, kimberly-clark, they are raising prices. the third price increase in 2022 on top of two they are he had and therefore those price increases will stick as well. they will not be so quick to come off. jackie: may not see the price, but you see the size of the product go down, that's way to match it. thank you so much. now i want to turn to this because senator rand paul is talking about the idea of a no-fly list for an vaccinated people. >> the cdc says you are not
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supposed to get vaccinated if you've been infected within 3 months of you tell people they can't fly for 3 months and all these people are the same people who said trump is leading us to authoritarianism. what could be more authoritarian than a farm is no-fly list for people who disagree with you. >> do you agree with rand paul? he has a point there. >> i certainly do. we can't -- to agree on voter id, the most precious constitutional right we have to identify yourself yet suddenly we all have to carry vaccination cards and are prevented from traveling which is a right of a citizen to free and open travel around our country. if we don't have a vaccination guy. there are several ways democrats can try to do this. one is the president can do it by executive order or the executive agency, cdc, hhs can try to do it as an administrative rule or law, that would be met i'm sure by
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litigation or by passing a bill through congress and i think republicans will step up and stop it in the senate. >> airplanes i placed the mask mandate has longevity. everybody wore a mask and there was no -- it worked to contain the virus. you wonder if it is necessary to have vaccination to fly, not necessarily in the science that shows we need that. >> i'm more concerned with people flooding across our border and once they reach our southern border they are spread throughout the country. they are not vaccinated before they are accepted into the country. without being vaccinated, how about that. let's worry about where the problems are occurring, rather than manufacturing problems that don't exist. >> people are scheduled travel saying the delta variant, if i
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go somewhere and get delta i have to show that covid test before i can come back and resume and get on with my life so they are scared to do it but if you're coming into the country illegally or crossing the southern border you don't need to show any kind of identification, documentation, anything can you get on a bus and go to another part of the country. you also say the democrats are spending a reckless way. we are worried about that and worried about inflation, your thoughts right now? >> another $3.5 trillion, democrats are spending money we don't have on things we don't need. this is a social reengineering of america. every american family now is stuck with the $7,000 in additional debt if the spending package goes through. we've already spent close to $6 trillion on covid, spending almost our entire gdp in a year on social programs and now with this new bill, the green deal which pretty much mandates technology and innovation.
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that's not the way innovation happens, it happens organically. it happens through public-private partnerships and it is not the government telling us what to do. that's not the way we got cars and airplanes in our country. we got it through innovation and invention. things you can't dictate. this is dangerous for america not only in our lifestyles being affected but also our pocketbooks, the report on inflation. this is the beginning of a tough time for americans because there isn't enough to pay for these items especially the social programs which are larger than any programs we ever had. >> if you try to soak the rich you will find there is not enough there to do it and we will find ourselves in a difficult situation, yet for some reason there are people in this country and leaders that want to go there no matter what, all we can do is inform people and hope it doesn't go there. thank you for your time. back to you, susan, with me
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watching -- >> used-car boom getting a bit. what we've seen during the pandemic, used car prices up the most in 70 years, you have to go back to the 1950s in the springtime, the first ever surprise profit in the latest quarter and sales exceeded forecasts by a wide wide margin. we've had this discussion. >> there was something i didn't know. i need a place to find a facial but not nearly. >> it is losing relevance but not a bad quarter. more people are going back out to restaurants that usually where you see the field reviews and books like one of the biggest quarters for them in terms of making money in 6 years, one of the largest marijuana suppliers in the
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world, selling more weed so they cut down. >> that's not a surprise to me. more people are smoking right now. >> during the pandemic? there is more - federal laws have been relaxed. >> helping their bottom line. it is a booming business but it is down because they are losing more money. fire i with its legacy business from fast-growing cloud business which makes up 2 thirds of what they do now. that is pretty smart. it will cost a lot on the bottom line. >> you have to spend money to make money. look at bitcoin too. the condos i mixed, now a little higher. >> 40,000 as we head into the volatile weekend of trade which is always interesting. i want to point out easter is the better route performer of the past two months, the software upgrade everybody is talking about taking place
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which will make it easier to use either in transactions with money transfers with the hard-core update taking place and that is the price which is why it outperformed bitcoin up 50% from the lows in the last eight weeks. jpmorgan confirming offering cryptos for their high net worth with private banking clients to buy in so people are interested that jpmorgan is interested in offering crypto given the jamie dimon has always been a fan or a believer in bitcoin or crypto. jackie: he sees demand. >> you hear that from blackrock as well. people are interested especially high net worth individuals, 45% of family offices said they would buy in. >> we have a big show still to come. the governor of alaska mike the leavy is here, considering a
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vaccine mandate in his state and spirit airlines just canceled 600 more flights, spirits as expect more cancellations this weekend. that report is coming up. take a look at the cover of the new york post, andrew cuomo lounging by the pool as more people call on him to resign. i if he's in denial was former governor george pataki takes that on. ♪♪ oh something bad ♪♪ oh something bad ♪♪ he and that girl ♪♪ going down the road to new orleans ♪♪ in the s&p 500, even if their shares cost more. at $5 a slice, you could own ten companies for $50 instead of paying thousands. all commission free online. schwab stock slices: an easy way to start investing or to give the gift of stock ownership.
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if he was not such a narcissist and could think of that human beings he might say are doing a lot of damage, time to go. just get the hell out of the way. >> strong comments from bill deblasio telling governor cuomo to resign as new york state assembly is nearing the end of their impeachment investigation. brian, what happens next? >> great question but with the breaking news, the first criminal complaint has been filed with the albany county sheriff's office against governor cuomo. it was filed by his executive assistant who made the most serious sexual harassment allegations against cuomo as outlined in the ag's report, the identified woman is seen in the selfy taken the seconds after he allegedly groped her in the executive mansion, months later she says cuomo put his hand under her blouse, the complaint is significant because even though five district attorneys in new york launched investigations into
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cuomo in the days after the release of the ag's report, prosecutions are unlikely without an accuser's willingness to file charges. the governor has not made a public appearance since tuesday's bombshell report. he has been bunkered up inside the governor's mansion in albany where yesterday the new york post caught him lounging poolside in these photos with a woman identified as his secretary typing away on her laptop. cuomo is reportedly thinking of having us press conference, democratic party jarrett lower friend urged him to resign but cuomo wants to fight. >> the was he was still looking for his opportunity to make his case to the public, he feels he's got something to say, he doesn't agree with attorney general that supported he wants to put that out there it is looking to see if it's possible for him to make his case and perhaps people's mind would be changed.
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>> reporter: the state assembly's with long impeachment investigation it's nearing completion, cuomo's office says they will cooperate and turn in their evidence by august 13th, the governor finds himself increasingly isolated at -- act blue, my platform used by democrats to raise money for the campaign will no longer process donations for his reelection efforts. maria: many people are distancing themselves from andrew cuomo, let's bring in former governor of new york george pataki. it is great to have you. the question is cuomo things very defined in a taped statement that he released, but he was not admitting to any wrongdoing and he doesn't want to be tried in the court the media. your thoughts on where this goes next? >> i saw that response that was taped before the attorney general's report and i thought it was dreadful, there was no remorse, no acknowledgment he
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had created a toxic work environment, no understanding for the victims that the attorney general found to be credible. enormously disappointing. i hate to say i agree with bill deblasio but i do. the times long past, andrew cuomo cannot function as governor, he made all the title but he can't do the job and he should go sooner rather than later. maria: there are 11 accusers we are showing, some identified and some are not. as somebody in this position rather defending yourself and saying i kiss everybody in touch everybody, here are the pictures, here's how i do it, old, young, man, woman, defending himself you have to stand back and say if 11 people think something went wrong here maybe i need to turn this in and do some self reflection. >> the idea that andrew cuomo will engage in self reflection at this point in time is wishful thinking. it is all about survival and i think it is a very sad time for new york because we are facing
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numerous crises. what do we do with the coronavirus bike with teachers and kids going back to school, how do we -- we need a governor. with the impeachment living, the civil cases, there is no way he functions as governor and for that reason alone he should step aside right now. i'm disappointed how long it has taken the assembly to do anything. they've investigated from is, they had the attorney general's investigation, the most of preventive in the state of new york. and then we will begin the process of impeachment. >> they are dragging it out, you saw the pictures on the cover of the post where he's sitting in albany, sitting outside with his assistant, we don't know what he's thinking
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but he is very casual about this. >> they hoped it would go away so they were dragging it out hoping the media and the public would move on to something else but the attorney general's report deserves credit, they can't hide anymore. they have to act sooner rather than later. new york needs of into the governor. jackie: a new report from the nypd showing murders dropped by 50% in july but they are up 133% from last year. how are we supposed to convince people to come back to new york city if it is not safe and we can't offer them safe quality-of-life? >> absolutely right. crime is the biggest single issue keeping people off the subways and out of the street and these numbers reflect one month but look at all the gun
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arrests. the bail law the cuomo and the democrats rammed who in albany i guarantee you every one of those people arrested for sale or possession of an illegal gun was out on the street the same day. we have to stay behind the police, give them the report during the height of the blm movement, we had to change the laws in albany so when the police actually catch someone they go to jail and that is most important factor, to get people back to new york. >> we have to support them and not continue with the defunding but continued education and sensitivity training, that is something we can do. the last few seconds i have you, starting next month new york city will require vaccine proof for all indoor activities coming from mayor deblasio. would you allow that if you were still in charge? >> know. i think that's the wrong solution. small businesses, restaurants,
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they've all been hurt enormously in new york and to put this additional burden on is the wrong thing. i have confidence in the people of new york. of the restaurant wants to do that, say you have to be vaccinated, that is fine but when public officials are telling every small business, every entertainment in new york what they have to do, that is the wrong thing. >> we had many come on saying it hurt their businesses up to this point all of the rules and restrictions and they can't tolerate anymore. wonderful to see you, thanks for your time today and have a wonderful weekend. >> thank you, you too. >> virgin galactic finally selling tickets to space, if you can guess what the price tag is going to look like we let you know about that coming up and the ceo of rutgers fitness is the company's for a vaccine but also pro-choice. new york city's vaccine mandate, andrew is here on the
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show next.
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maria: you are looking at ocean city, new jersey, 79 degrees and sunny and a lot of umbrellas out there. let's check on the markets in case you are watching your portfolio, the dow is up 154 points, the nasdaq is down 70, mixed messaging in the market today. jobs report is selling off a little bit. you are watching ibm. >> i'm into the cyclical value play, ibm falls in that purview. it has a great dividend. it is just about breaking out of the trendline and has further upside movement but i like it is a long-term play for the recovering economy. i love jpmorgan and this is the
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long-term, one of those foundational holdings that is also doing well today. part of that is because of the news that we got, jpmorgan suddenly, jamie diamond suddenly pulling the curtain back a little bit on crypto. i thought there was a great headline, it adds legitimacy to that asset class but i think individuals, investors are going to like that and rewarding jpmorgan as a result. >> is a smart guy and maybe the tide is changing in his opinion when it comes to crypto. is going to back it little bit are smart enough to see there is demand for it and would be missing on some things if he did but he knows how to run a business. >> is listening to clients that have expressed an interest, that they want exposure to this space and so whether he is a complete buyer or not he's listening and is a good ceo, a good leader, he's making that available. maria: doesn't matter if you believe in it but some people what the asset class to diversify and they have the right to do that. what happens is anybody at guess at this point.
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moving on, kathy would's arc. >> i love the disruptive space. he does a great job and instead of me trying to pick among one or 2 names and a range of disruptors of which there are so many i think kathy woods does a great job. i like her style, i like the way she approaches it but you have to have a stomach because that disruptors based will continue to create volatility. it gives me broad exposure without picking one or 2 names. jackie: it is down 2%. >> i know it is but there is pressure. i will say i don't likelihood story but the fact is it is what it is and it is helping though the stock is down overall. jackie: meantime this. and are going to require vaccination.
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andrew alfano, good morning to you. are you going to enforce this rule? a lot of people say this will disrupt their business model all over again. >> of course we are always compliant. for those who don't know retro fitness is 120 clubs (development so we have a really good view how different cities and states are handling approaching this. for starters i will tell you we are pro-vaccine. i'm pro-vaccine. i'm fully vaccinated and strongly encourage everybody to do the same but i am also pro-choice. if you are not going to get the vaccination whatever your reason might be, the second best thing you could ever do for yourself is billed your personal immunity through exercise, health, nutrition and fitness but once again we have another politician, mayor
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deblasio behaving like he's the smartest person in the room and what he is saying is if you are not going to get vaccinated we won't help you get healthy, we will prevent you going to the health clubs which is the exact opposite of what you want to be doing. we have been working directly with many states, in florida governor desantis personally called me to thank us for what we were doing to promote exercise. last week i reached out to the governor's office in new york, we've not heard back but we would love to create a compelling exercise, health and fitness campaign to help everybody get to a place they are building their own immunity. in new york city, 62.7% of the city is overweight or obese and we know that is a direct correlation to preexisting conditions and we know factually that has caused hospitalization throughout the pandemic. we want to get in front of it but the approach mayor deblasio
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is taking we are not in favor of. who is paying for this? phenomenon in the city, more people getting out of shape during the pandemic not having access to fitness center. that won't help everybody get back on track. what i want to ask is what percentage of your customers have returned to the gym since the initial lockdowns, not scared and wants to be back at it. >> people want to get back on the fitness journey and we are up 27%, we use the 2019 numbers which is a better baseline because a lot of statistics, tremendous weight gain everybody has gone through and ethnicitywise it is very disparaging where the black and brown communities are more dramatically increased so if you look at the vaccination with mayor deblasio, 72% of manhattan has been vaccinated
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but only 52% of the bronx, 35% of the black community so what are we doing to inspire and educate, to help people get vaccinated so they want to versus this -- maria: when it comes to covid 19, the delta variance, obesity is not your friend at this point. we've got to find a way to incentivize people to take better care of themselves. it builds a barrier of immunity. appreciate talking to you today, thank you so much. >> it was a pleasure. jackie: the olympic ratings are sinking. leadership is down 48% from 2016. come back in. i wonder if you've been watching the other pics and i will be honest, susan and i were talking during the break, i have not been watching it one of the reasons as i'm not a fan of the sport of the summer games as much of the winter games but also because of all the messaging coming out of the olympics, the political messaging. i don't want that mixed with
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the entertainment, the pleasure of the experience. >> i would really with you and i agree with you on the sports we are watching. i watch the running and i started watching the gymnastics because with simone biles, the issue that came up. i wanted to see, i was trying to understand the threats and pressures these young people are under because it is a conversation we should be having as a nation and therefore it drew me to that because i wanted to see how she performed but for the most part i haven't been writing him every night and putting on the olympics, i haven't done that. jackie: the ratings don't lie and they are down. i to bring your attention to this, president biden made his disney world debut but it might not be what you are thinking, we will explain that and spirit airlines ceo admits is not a proudest moment as hundreds
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more flights are canceled. role tape. >> a flight to cancun just got canceled, late notice. we've been on the phone a couple hours now. >> your flight was canceled. >> on the way there. jackie: we have a report from the country's biggest airport coming up next. ♪♪ ♪ why do you build me up ♪ ♪ build me up ♪ ♪ buttercup baby just to let me down ♪ ♪ and mess me around and then ♪ ♪ worst of all ♪ ♪ you never call ♪ baby daydreaming again? but i love you still you know i'm driving, right?
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the 16 you are looking at jackson airport, 80 degrees, look at this. 2 million people packed through tsa checkpoints. millions headed to the airport but thousands going on planes.
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jonathan is inside jackson airport in atlanta, how many flight cancellations are we dealing with today? >> spirit airlines is taking the brunt of them. the airline has canceled a third of its flights originally scheduled for today, 36% according to the flight tracking service flightaware. this is the sixth consecutive day of cancellations which the discount carrier blames on a combination of weather system outages and staff shortages. ceo ted christie says his small airline is not built to handle this type of disruption but can learn from this and earn back passenger trust. >> starts with billing the airlines back, making it as reliable as we wanted to be but it will take time to build back that confidence and earn their trust again. we are up for the challenge. >> reporter: in the meantime passengers waiting in long lines expressing frustration. >> i'm trying to get refunds.
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i got trapped in fort lauderdale and orlando this weekend. >> american airlines tells fox news it is operating normally systemwide. severe weather as the texas based carrier dallas-fort worth resulted in flight delays, cancellations and 100 divergents as us airlines are scrambling to meet increased consumer demand for travel. you mentioned the tsa numbers, that 2 million figure has been exceeded five times in the past 7 days. the tsa reporting passenger volume approaching 80% of what it was in pre-pandemic levels, this time of year back in 2019. >> thank you so much. let's take a look at virgin galactic. they just started selling tickets on their space rocket,
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prices starting at 450,$000 per ticket. did you buy one? >> reporter: absolutely not. they submit 250 a couple weeks ago, no interest in spending that. jackie: president biden made his debut in disney world's hall of presidents, that is an and a medtronic version, the robot excites the oath of office and biden's voice. all right. show me the dow, looking down 30, dow is up 119 points. you see it is a mixed between green and red but a good jobs report. their original residents to get the covid vaccine is still the cases are rising.
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oliver daemen the cdc says 50%
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of americans 12 and up have received at least one dose of the vaccine. let's bring in the governor of alaska. good morning to you. you are encouraging people to get the jab and many are. the big question is will he get to the point you need to consider a mandate? >> i don't think so. i will say no. the moment the government has to impose on its people something so intrusive that they put something their bodies they don't otherwise want is a line we don't want to cross. i have faith in alaskans. we worked together pretty well. the second lowest death numbers in the country. getting the information out to folks and having a conversation with their own local doctors, doctors from their home area will help a lot.
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we are seeing more movement, more folks getting vaccinated. jackie: there's a lot of conversation how to do this. one is giving $100 prepaid gift card to those who get their first shot. that's when the you can do. the other thing people are talking about is getting off the emergency use status, maybe people will have more confidence in the vaccine then if not just for emergencies, we are putting staff on this. we believe in it. what do you think? >> another reason folks have yet to get the shot. the sum have been waiting, some haven't scheduled it, some the just simply are never going to get it and those folks will be moved by their own conversation with folks close to them but the other groups, letting them know whether to get the shot, we hope they schedule with their employers and we are seeing more of an uptick in
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those who want to get the shots but this is a highly personal issue and it impacts -- in the end folks are going to get the shot because they believe in it, they believe it is going to work. jackie: it is an individual decision. some people want to wait and see how other people react to it. it is interesting because doctor ben carson talking to maria bartiromo they discussed the between the stats i just read to you, people who received the vaccine and those who have covert antibodies because they had the virus you are talking about herd immunity somewhere around the 85% mark. what do you think of a statistic like that? >> i'm not privy to those numbers or that data but as more people get the shot, it moves toward that goal and people are getting sick and infected.
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in the end i had covid. it wasn't a pleasant experience. that i got the shot because i didn't want to be inconvenienced again. the issue to be aware of is all that we are not in the same situation we were when the virus first descended on this world, this country we are seeing a tightening of hospital capacity and some areas. that's a problem if you need healthcare quickly. this is a personal decision. we hope folks having conversations with those around them and making decisions asked for them but in the end people will only be moved by conversations with their own physicians but we see an uptick. jackie: i will share with you my reason for getting the vaccine is i knew should i contract the virus, be a breakthrough case for some reason the symptoms would be less severe and the chances of hospitalization and death drops dramatically if you are vaccinated. there is incentive there.
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your state also giving $90 million to businesses impacted by the pandemic. your opinion here, which industry needs it the most? >> all our industries, we are recovering in many areas. our oil industry is recovering. our fishing industry is recovering, our small businesses, mom and pop operations need assistance. not that others don't, we will continue but $90 million given the impact of the economy is not enough to cover everything and everyone but we are targeting agencies that will be assisted. jackie: six people are dead after a plane crashed in alaska. they were passengers on board a cruise ship. your thoughts? >> it is tragic.
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alaska has more private pilots than anywhere else in the country, probably anywhere else in the world. it is a stay with a lot of room, flying is how we get around. these folks enjoy alaska. unfortunately it ended in tragedy. it is an unfortunate situation, we have to see what went wrong. our thoughts go to the family and friends and we will figure out what happened. jackie: wonderful to see you. time for friday's trivia question and here it is. how many times on average does a person blink each minute? we will see if kenny knows the answer? i tried to do it during the break that kept missing it up. the answer after this. that's the nature of being the economy. i've observed investors navigating the unexpected,
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are you making this weekend? >> i put in a pasta dish, and it comes straight from naples. you can see it there. it's with cherry tomatoes, it's with capitol hillly peppers -- chili peppers, salt, pepper, olive oil. 30 minutes and it's all done. and after you eat it, you'll be glad you did. jackie: kenny, thank you. and thank you all for tuning in. i'm going to send it over to my friend, neil cavuto. neil: i don't know about you, but i'm going to his house. jackie: me too. [laughter] neil: thank you very, very much. we are on top of what you've been talking about here, the better than expected jobs report and now the concerns with inflation, so they go back and fort on that. we've got the dow and the s&p in and out of record territory. obviously, the treasury yields going higher, nasdaq stocks in particular going down. that is exactly how it's playing out today. but we've got team coverage for you with the latest from lydia hu on

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