nugget online went public as a spac and the deal expected to close the first quarter of next year. thank you, sean anna jonathan, a pleasure to see both of you and just as i was doing this when i was talking about the tree climbing because that's kind of how it works. >> that's how it works, degen. stuart: except for the feet and the actual climbing. sean duffy, thank you. jonathan, be well. "varney & co." it starts right now. tak it away, stu. stuart: good morning. it is august 9, and we are supposed to be in summers quiet his own, but far from it as i will go through the drama quickly so you get a sense of what we are dealing with today. first off, a diet-- dire warning from the united nations, the climate houses the future is grim with a devastating weather and humans are to blame. environmentalist will use this to push the green new deal big time. 100,000 new covid cases a day in america now, almost all the delta

variant masks and vaccine variants are spreading with the business is delaying back to work. we hold that pandemic would wind it down but it's still very much with us. on the markets, a sharp move in the price of gold. it dropped as low as a 1678 overnight, maybe investors believe the fed when it says inflation will fade so they sell gold inflation indicator, 1742 now. bitcoin rallies and it's now at $45,900 a coin. ethereum higher even though the infrastructure bill winding its way through the senate contains plans for crypto taxes appeared the dow jones after a record close friday will come down a bit this monday morning. s&p also slightly lower, but look at the nasdaq, bucking they're down trend, that as the 10 year treasury yield falls back to 1.28%. politics, listen to

this, governor cuomo's chief of staff has resigned. melissa derosa stepped down sunday after the report that she had a role in discrediting a former aide who accuse the governor of harassment or to the governor is now almost completely alone. that scaled it down 60th birthday bash before-- for president obama not so scaled down and it's in a 500 guess it was more like 400. apparently some of the gas who were told not to come kicked up such a fuss that they were re- invited so was it a super spreader event flex i don't know, monday, august 9, 2021, "varney & co.", action-packed midsummer addition is about to begin. ♪♪ stuart: excellent. susan and i are in a new

studio and celebrating that and we have the beatles playing one of the greatest ever songs "she loves you". susan: action-packed summer addition as you call it. by the way, i can see your genes in those shots. stuart: i will shift my position quiet on the set. the u.s. or is reporting an average 100,000 new covid cases a day, nothing funny they are with masks mandates back, vaccine mandates coming in some places appeared doctor marks to go with us this morning. looks like we are going backwards. what you say. >> we-- by the way before this i want to wander on the survey whether those who crash president obama's party actually wore masks and whether they were vaccinated. i would like to see because probably people that came in without an invitation weren't vaccinated and didn't have a mask. onto the more serious question, we are going backwards, but we will not go all the way back because the vaccine is a

backstop. the vaccine is over 50% of the united states now fully vaccinated. those are the higher risk groups, the elderly and we may be looking at boosters, but we are definitely looking at much milder disease or no disease and those who have been vaccinated with a decrease is spread. what you are seeing is an outbreak in states where there is not enough vaccine uptake appeared vaccine being the key. that's our ticket out of this thing. it's been overly politicized. it should not be. it's a public health tool. stuart: next case, dr. fauci sounding the alarm on the youngsters getting sick with covid. roll it. >> there's a problem with the children. you are seeing a considerable number of young people who were not only infected, but seriously ill. there's no doubt about that in my mind. to things you do with children not vaccinated and that's the recommendation. at you surround them with those who can be vaccinated whoever they are, teachers, personnel

and the school, anyone in the schools, everyone should wear a mask of whether or not you are vaccinated. we have to protect the children. stuart: dr. marc siegel, do you think kids should wear masks when they collect a school in september? >> well, i'm going to get to that in a second. look, let's start with the idea markets are getting sick. 20% of cases are now kids, but doctor pol who i knows well says it's because the older people are protected with the vaccine and that's the reason why the risk of covid that you can get seriously ill and it's not to be taken lightly, but it may be that they are more vulnerable. on masks, the problem is their surgical mask or cloth mask has never been studied against the delta variant so i'm suspicion it may not work that well. it doesn't work that well period. i'm on the side of doctor scott godley. doctor gottlieb former fda commissioner and i both say let's try keeping chi here-- dry

here, and 95 mask, looser fitting, see if kids can tolerate them, not mandates but recommendations. we don't want to give the teachers union any excuse in the book to close or not open schools. stuart: but if you try a different mask you are basically doing the same thing, masking children in school. >> i'm recommending it. i recommend kn 95 mask but not mandating appeared there's a lot of anxiety associated with it, i don't want a cultural war here. i wanted to recommend it because i think it's a good public health tool, but notice that it has not been studied against the delta variant. stuart: got it. dr. marc siegel, thank you for being here. next, united nations, the climate panel sounding a dire warning on climate change. susan, you had said you read it. what it is a? susan: there is no denying in their view that this is all man-made climate change.

landmark first of its kind un report from top climate scientist that they collected data over the last three years and they see the planet will warm by one and a half degrees associate, over the next two decades. if there is no cut to greenhouse gas emissions. the levels of carbon dioxide at its highest at 3.6 million years. since 1850, greenhouse gas emissions already warming the planet by 1.1 degrees celsius and that's why they say we are looking at all the extreme weather like more hurricanes, more tornadoes, droughts and warmer weather. stuart: there is a valerie-- very small short window of opportunity, act now and you can mitigate the worst effects in the latter half of the century. that's what they say pure opening that window is a clarion call for the green new deal. bernie will be out there and aoc saying the un says we have a small window of opportunity, have to have the green

new deal. susan: there is some science but we will see with the political ramifications are. stuart: let's bring in our market guy, jason katz. do you think there climate report from the un is a negative for stocks? >> look, the 4% drop in oil today has nothing to do with that report. as evidenced by the muted reaction in s&p futures, this is a disjuncture relative data point and for the energy complex in the long term it has negative implications. a coward-- counterintuitively, other companies outside the energy arena are retooling, retrofitting a factories, all of that has not-- from the standpoint of spending which could impede some earnings, that wealth so to speak it spread to earnings and other companies doing the retooling. stuart: so you aren't a change in your basic position which is stocks have a way to go perhaps on the upside, no sign of a major-league correction in the immediate future.

is that where you're coming from? >> i am indeed. friday's job numbers were a seminal moment for the market. i think it's given license to investors to not only not fear the taper, but frankly to embrace it because we are going to get to 2% for the right reasons on the 10 year treasury and we look at what has happened with earnings is so far, 90% year-over-year growth, 25% better than it was free covid around this time last year, so earnings are in fact growing into stock prices and i think estimates that $185 a share by the atlas community will prove to be far too low. we can get up to 220 which would put the pe in line with the 30 year average, so i'm still constructive on equities here. stuart: okay. i keep asking that same old question and you give me the same answer and so far you have been right and we thank you for that pure jason, we will see you soon. let's look ahead to this

week's earnings. i think we have some big names coming up. susan: amc tonight will be interesting because of the wall street bats the crowd and how well do they do especially with the reopening hopefully and more of these big blockbusters on the silver screen over the summer and then you have coinbase tuesday and i think that will be interesting, america's biggest crypto exchange will be the highlight and how much are we betting on crypto. stuart: that's a mean stock. susan: you think it's a mean stock? stuart: it was. susan: there's fundamentals there because growth and more streaming hours. wednesday will be interesting with the reopening play of like the wendy's and also e-mail-- ebay. how much are we still shopping online's seeing that we have seen a slowdown for other pandemic winners and wendy's where you get your jalapeno burgers.

you have disney reporting, streaming disney plus subscribers over a hundred million, how much will they continue to grow. stuart: disney plus is already over 100 million so we went to find out how much more. susan: and how much growth can there be after you reach the nine figure mark. stuart: still plenty of indicators of this week. we are over the hump of the earnings, but we have more to go. checking futures. no serious price movement for any exchanges, down for the dow jones in s&p, fractional gain for the nasdaq pure times reporter justifying former president obama mask lissa birthday weekend. she says he only invited quote sophisticated crowd. nice to know. also, the governor of arkansas has changed his mind about mask mandates he wants them back. will he require kids to wear masks in school?

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stuart: monday morning, it you want to know where your money is going when we open the market, slightly south for the s&p and the dow jones, slightly north of the nasdaq. companies scrapping plans to return to the offices as covid cases arise. new companies, more companies added to the list. susan: last week we had amazon, probably the and big one. they push the return from september to january of next year,

2022. also announcing they require all their hundreds of thousands of a fulfillment center workers to wear a mask regardless if they been vaccinated. blackrock, wells fargo the other two big ones targeting on october return and october is pretty much where we expect companies like apple, alphabet, facebook still looking for a return to low work this fall. i think they kind of pushed the trend. what about the canceling of events. the new york auto show was canceled and a lot of people think does that mean the future of events this year is in question and how many will go through in the back half of at least paul and silicon valley companies roadblocks, lift posting a return to next year. i would say the return to work in the fall is kind of in doubt right now. stuart: that's the confusion and there is real doubt about when actually people will go back. i'm not so sure it will be--

susan: and what about vaccination requirements? stuart: that's another story. on that subject listen to this, arkansas are reported over 2000 new covid cases and 21 deaths sunday. the governor my asa hutchinson, and he joins us now. before we begin, governor, listen to what to doctor mark siegel just set on this program about kids wearing masks in school. >> i'm recommending it. i recommend kn 95 but not mandating them because it kids can't tolerate them and there's a lot of anxiety , there is a rash is associated with it. i don't want a cultural war, i recommend it because i take it's a good public health tool, but it has not been studied against the delta variant. stuart: governor, you changed your mind and you are now okay with a mask mandate across the state, but what about kids wearing masks in school in arkansas? >> the doctor got close to right and let me

emphasize that i am not imposing any statewide mask mandate to get as not happening in arkansas. of the debate is simply, i want to know-- those of school districts that have high transmission in their community to have the option to protect those children that are 12 and under who can be vaccinated. i want everything to be about let's expand vaccinations in my state , across the country, let's not get sidetracked with the mask debate, but at the same time whenever children cannot be vaccinated, we have to protect those and a local school districts just like local businesses that you were reciting ought to have the option to say we will have masks in the school because of the concern for children that cannot be vaccinated. stuart: i think you will face a revolt by parents in those schools which is a you have to come in with a mask on. i think you will face a revolt from some parents. how would you deal with that, if that occurs? >> again, that's a local

decision and if so sure there will be disagreements on that. i suspect in arkansas, that many school districts will not impose any mask requirements. they will continue to concentrate on raising the vaccination rates. they have low transmission and you will have some other urban areas that will require that and so is fundamentally a local option, just like every business can make the decision on what is the best way to protect their workplace. you cannot exclude school environment as someplace we have to work on keeping safe. stuart: he would say the same thing about the vaccine mandate, you are not going to do it? >> that's right. we are not going to have a vaccine mandate. it's an individual choice, but it is an important choice and i encourage everyone to do that because that's the way out of this. masks are simply a part of the temporary equation to get us to

the point that we can stop the virus, but it's ultimately come by more getting vaccinated and we are making progress. stuart: governor, thank you. difficult subject, but we appreciate you. thank you. that is former president obama dancing at his 60th birthday celebration of the weekend. guess if they took pictures they had to delete them? susan: look where the screen capture came from. it came from a selfie on the dance floor showing the former president dancing without a mask pick also others had to delete media photos and all they posted was the food spread. spectacular food there. it was all the celebrities and extra paparazzi in town and people were complaining it ruined at martha's vineyard for the weekend i won't use the words they used, but no final number in terms of the number of guests, but it

was scaled down from the original count. >> they followed all the safety precautions. people are going to sporting events bigger than this. this will be safe. it's a sophisticated vaccinated crowd and it's about optics, not about safety. susan: and famous celebrities, jay-z beyoncé reportedly intel, gayle king, stephen colbert made the cut to guess who did not make the cut, david letterman, conan o'brien, apparently nancy pelosi was disinvited from the final guest list but she went to martha's vineyard anyway. stuart: i'm told some of the people that were disinvited were so annoyed that the former president had to call them up and say we invite them. susan: they didn't just crash and show up and say we are ready to party? stuart: i don't know if anyone crashed it, but some people were re- invited, apparently. susan: where were you over the weekend? stuart: cape cod.

susan: you did not make the final cut? stuart: a surprise surprise. [laughter] i could have gone to nantucket. checking futures, down 60 on the dow jones, three on the s&p, up 10 on the nasdaq. you have to look at gold. it's plunged to a four-month low. one stage overnight it was down to 6078. its comeback 1743. that's all you have picked the opening bell is next to. ♪♪ ♪♪ my retirement plan with voya keeps me moving forward... even after paying for this. love you, sweetheart they guide me with achievable steps that give me confidence.

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stuart: not much price movement this monday morning, slightly doubt-- down from the dow jones and s&p, but gold has big moves in the price of gold especially overnight. we are at 1743 now. we dropped to 1678 at one stage overnight. when does dennis gartman think about this? i will ask him. what does the plunge and the price of gold tell us? >> apparently it tells us the inflationary fears everyone has and i still have that the monetary authority has been partly expansionary has been relieved for

some reason. let's be blunt, crude oil prices have come down dramatically over the last week with grain prices, we prices, corn prices off since their june high and livestock prices are coming down and even lumber which was the stepchild of the commodity price increases taking place early this year have plummeted, so gold had held up reasonably well and i must admit i was stunned by the fact gold had fell almost $80.1 time last night to do that is something we have not seen in many years and we bounced back. and see if they can hold at these levels but it was a surprising move overnight. stuart: what about going backwards on covid with vaccines and masks? i think we are going backwards. is there any negative impact on the stock market? >> not a question, i think that is one reason the crude oil market is down this morning. people are fearful and it's not a question of how bad covid is going to be, it's a question

of how bad people think covid will be end the fear factor has risen quickly over the past week. i must admit i was surprised by the fact that crude oil fell two and half dollars a barrel. we had been warned over the cat-- past several weeks that the structure was beginning to narrow even as crude was rising a couple weeks ago. that's always a sign of internal weakness in the crude oil prices will go lower, but the fact that we have had an increase in the covid that numbers over the past several days is why crude oil prices are down. stuart: you are still cautious, still a bit worried about what comes of september, october time >> i think confusion reigns in the better part tells us we should be on the sidelines, less involved. i have cut back positions i own in the stock market rather dramatically.

i'm demonstrably less long than i was. i'm still long, not sure, but demonstrably less than i had been a. stuart: demonstrably, very important word there. >> big word for a north carolina person. stuart: we will see you soon. thank you. five seconds to go and we started trading on this monday morning august 9. we are off and running, we expected some red ink for the dow jones and the first few minutes of business and that's what we have down about 30. that's just a fractional loss, pretty even split of winners and losers amongst bad dow 30. s&p 500, when i say fraction-- dead flat, okay. a dead flat. the nasdaq composite slightly higher? yes, slightly, up .14%. we had some earnings reports that came out before the bell this morning, notably tyson foods. susan-- it's up 5%.

susan: of course. decent producer making a lot more money in sales with strong demand thanks to restaurants reopening. u.s. food which is a food distributor better sales and profit they are helped by strong demand for its product and services so with the reopening of restaurants and more foot traffic that means they need to back their protein somewhere. stuart: can they get drivers for the trucks to deliver? susan: that's a different story. can the restaurants get servers and employees that they need? stuart: the answer is no, they cannot at this moment. let's look at crypto's. bitcoin ethereum hit their highest levels i understand since mid-may. ethereum is 3100 and bitcoin is pressing close to 46,000. susan: i did a double take this weekend. there's a lot of questions. there's an ether software upgrade taking place right now, london a sports upgrade which means eve there will be easier to buy and sell

and transfer money and also reducing the supply of ether in the future and when you reduce supply prices go up and that bullishness is spread across the crypto community. you know how the crypto community trades this days is not through twitter anymore, is through telegram and i'm on a lot of these telegram at schatz and there's a pump push to get the prices hiked right now. stuart: watch telegram and you have an idea as to where-- susan: the original trading and some of the conversations between retail investors where most of the transaction and chatter takes place. stuart: they just go from one site to another? susan: multiple-- multiple options, obviously but also the infrastructure bill and maybe crypto rules. to make it fair and standard for everyone. stuart: that could imply respectability. susan: i think so. stuart: stability and organization if it gets us some regulation sp2 is. susan: mainstream adoption, yes.

stuart: 45,800 and bitcoin and litecoin at 156. susan: dogecoin was up 25 cents of the weekend. stuart: never forget dogecoin. novavax on the upside one and half percent. in the u.s. will pause funding for production of its vaccine, pause funding for the novavax vaccine. stock is up. susan: that's interesting to me. we had the u.s. government ordering novavax to stop making the vaccine in the u.s. because of manufacturing standards with concerns. they are not getting any more government funding as well. novavax still has not gotten emergency authorization and you have pfizer and moderna already on track to possibly get final approval this fall but i would say novavax, there was a bullish tailwind because they had the eu offering to buy 200 million doses. stuart: contradictory news between the contradiction of the news and the stock price

performance. can't explain that. how about moderna since we are talking vaccines? despite their vaccine having 92% efficacy rate formants after the second shot they say fully vaccinated people will still need a booster shot before the end of the year. if you need a booster shot, you need moderna so what does the stock by 2% 422, extraordinary run. draftkings surging as they are buying golden nugget online gaming which is also surging big time. susan: that's an online betting deal, $1.3 billion worth. golden nugget is owned by a billionaire who also owns a houston rockets and we know draftkings is a online sports better and the type is interesting. given what we have sought recently being bought up by just other sports better as a. stuart: it's all about gambling. susan: i'm hesitating because i'm like what is he doing with

the phone, is going to throw at me? online. stuart: dow jones winners, can we have the list? headed by merck and company. procter & gamble is up, walmart 146 on the active list s&p 500 winners tyson foods as they are involved in a takeover and the nasdaq, where the winners? i don't see big tech. is that robinhood? susan: biogen, regeneron, nxp and tesla. stuart: brand-new studio and i can't quite read the screen because it's a bit further away than it used to be so we will rearrange the studio in my favor. tesla got an upgrade. susan: jeffries calling it a by according to them so it's worth $850 so that's up roughly 20% or so in a separate headline you have tesla requiring masks at

the nevada battery factory so that's thousands of workers that have to put on the mask because of the covid variant spread. stuart: we are going backwards to some degree. brookshire hathaway i'm pretty sure they are rallying, not that much but they are up about a half a percentage point. they have a huge pile of cash. susan: warren buffett always has a huge pile of cash, $144 billion worth. it's interesting brookshire-- what's interesting is we put up that a shares. he can afford that. the b shares have probably are more appetizing for folks. stuart: we don't know what he's going to do. susan: $144 billion in cash, but he is slowing down his stock buybacks and using a lot of that cash to buy back the stocks because they thought it was at a discount but still railroads and energy companies are doing well

and when you think that it brookshire has concentrated in five positions, apple, burlington southern, the railroads and energy companies. stuart: okay. susan: that's high conviction trading. stuart: profits are up 21%. susan: that's right. stuart: sanderson farms, big time chicken producer. what are you laughing at? they are nearing a deal to sell. susan: it's a price of four and a half billion dollars, $203 a share. we are closer to that offer price and they are selling it to the agriculture producer. this will be a huge tie up and we will see how much control they have over the market which might be contractors-- concerning to regulators. stuart: let's wrap this thing up we are down one third of 1%. look at that level. a new closing high on friday. we are down 100 now, but still 35,100, for the

dow jones. 10 year treasury yield slipping a bit 1.27% as of now. checking gold, 1746 is the quote and oil, huge decline in the price. not sure the reason, but it's down to $66 a barrel, nearly 3% lower and even so boiled down, but the price of gasoline averaging $3.19 in california, we always tell you this those poor people are paying $4.39 a gallon for regular gasoline. susan: also, the rally in bitcoin, do you think it's because money is coming out of other commodities like oil and gold? stuart: as it rotates around that is a possible answer as to why bitcoin is up. then we have robinhood. robinhood has had quite the riled ride since its public debut and i'm

sure barstools dave portnoy is celebrating. remember he said this about their handling of the meme stock frenzy. roll it please. >> basically stole money from their own clients or they knew that was going to happen to help the hedge funds basically cover. is there proof of that? if they do the investigation right i'm sure there will be. that's criminal in my mind, flat out criminal. stuart: see what he has to say about robinhood this morning because the stock is up and dave portnoy is on the show in the 11:00 o'clock hour. what if i told you you can bet bitcoin on president biden and britney spears. we will explain-- susan will explain that after this. ♪♪

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stuart: thirteen minutes into the trading session and we are

down across the board, but not that much, down 113 actually fitted out johnson, about 35,000. my car stopped at the opening bell hit all-time high it's come back at the bit that you still have a lofty price of microsoft. 289 is the price. susan has been looking at some of the earnings that come out after the close of trading today. amc. susan: we will see how the wall street vets does with amc theaters. blockbusters are back on the big screen with all u.s. theaters back open but still down 50% from june highs. the stock rallied trading session that followed each of the last six earnings report on average up about 7%. that's only posted a profit wants in those quarters. do you believe that? stuart: yes, i believe that. hurts. susan: they will report earnings, first time back from bankruptcy in chapter 11 so i would say it's a reopening trade

and may be value. also smile direct club. stuart: uber really hurt the car rental companies way back, not recently but way back skip. susan: given that most of their rentals come from the business side, i don't know if it's necessarily uber that hurt the business. it's probably the covid lockdown and no business travel. what about smile direct club and how much are we taking care of our appearance peered the stock is down. stuart: that's the bright smile people; right? susan: yes. makes you look good to. stuart: i must try that. look who's here to talk about amc. there he is, jeff zika. good to see you. i know you say amc will be kind of a day of reckoning for them, but let me point this out. this is what i understand. in the last four weekends, amc box office take is only 60% were down 60% from where it

was in 2019. in other words, amc has not come back anywhere near to where they were two years ago. a day of reckoning? >> yet, because here what you have to know about amc, first and foremost prior to amc becoming a meme stock, this stock had a market cap of around $260 million and it now has a market cap above $16.5 billion. what people really have to realize when it comes to the stock performance , they have to realize that amc primarily has been carrying this massive debt load, which is above-- beyond $5 billion. let me give you a perspective on that. their debt service alone on that 5 billion is over 600 million, so this company at the height of when people were going to movies,

this company didn't have nearly the debt load, didn't have nearly the market cap and has struggled since then to find some traction and honestly, they owe the reddit people and wallstreetbets a tremendous debt of gratitude because without them they would be probably 200 million-dollar market cap company struggling to survive as people switch over to stream. stuart: day of reckoning as of 4:00 p.m. eastern this afternoon what about this thursday when we get disney's earnings? will this be all about disney plus and how many subscribers they have signed up? >> not only will it be about disney plus subscribers, what it will also be about is it's going to be about this lawsuit that scarlett johansson filed against disney. people on your show know it's been reported she filed a lawsuit for

breach of contract and what she is looking for his participation in box office. she is a saying that disney decided to push this towards a streaming , which exempted her from a good percentage of the profits. what i see with this, stuart, is that disney needs to rollout these marble big ten movies. they need big stars like scarlett johansson. in order for them to continue to attract big stars, they need to tie their compensation into the streaming revenue subscription revenue, so i am looking for in this report how are they going to do that because to me black widow without scarlett johansson is not black widow, so they need these of stars and they have to find a way to compensate them or they could lose them because they want to come out and say they are paying them so much money, in reality they need them.

in these movies and these sequels are being rolled out daily. stuart: day of reckoning for amc today, day of reckoning for disney thursday. f, thank you joining us. now this, despite all the grim covid news, in my opinion japan deserves a vote of thanks for putting on the politics. you will hear what i have decide next hour. a new york crypto startup lets you bet on anything from president biden to britney spears. susan will explain after this. ♪♪ (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. (other money manager) so you do it because you have to?

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stuart: here is something i don't understand, but which susan will explain here there is a new york crypto startup that lets you gamble on, that on president biden, britney spears and other people. how does it work? susan: it's called polymarket and it's based on crypto so you have to have ethereum or bitcoin to make these bets. stuart: you have to own nose to crypto's before you can make a bet? susan: that's right. stuart: so you are buying the bitcoin off the polymarket creek

to correct. explaining this will be difficult. stuart: proceed. susan: it allows gamblers to bet on all outcome so looking through polymarket and for instance there is a bet, can britney free herself from her conservatorship and right now britney has a 28% probability of that happening by october 1. it's really instant and it's gathering information so all the bettors online, how i guess they gather the odds is how many are betting against and how many betting for. easily instant settlement so if you win the bet you get it right away in crypto so whether it's ether or bitcoin and as a 23-year old that started this he has raised $4 million over the past year, but i would say if he's going to list this on the exchange fcc is clamping down when it comes to gambling. this might be difficult i think to get regulatory approval. stuart: but it's pure gambling? susan: but it's instant.

using crypto in either, i mean, that was the point of crypto currency, financial transactions where i can sidestep a bank and pay you and that's it. stuart: this thing might just take off. i can see that. sports betting, this-- another good story, barstool sports day portnoy's operation is opening to sports bars. where are they and when will they open and my point is what is he up to? susan: obviously this is about implementing penn national. remember penn national. stuart: he sold out to them. susan: 36% stake in barstool and david portnoy and these are stand-alone bars in chicago and philadelphia where you can eat, drink, hang out with people and bet on penn national. overall i was a pendant national has put in revenue has grown, but they are also buying $2 billion in last week they announced a deal for another online better call the score

media, $2 billion in cash. i'm curious if we can ask david portnoy if he thought he sold out early and too low last year. stuart: stick around to make sure i ask the right question because he is on the show in the 11:00 o'clock hour this afternoon-- this morning i should say about 11:45 a.m. with all kinds of things to get into with mr. portnoy. still ahead on this program today, charles heard, brandon judd, willett kane and i know we all have covid the take but have to say looks like we are not going back to anything like normal anytime soon i think we are going backwards. "my take" on that moments away with the second hour of "varney & co." coming up. ♪♪ welcome to allstate. (phone notification) where we've just lowered our auto rates. ♪ ♪

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♪. stuart: good morning, everyone. 10:00 eastern. let's get straight to money, shall we? the markets are not doing that much. certainly the stock market to this point although the dow is down 120, it is still above 35,000. fractional loss for the s&p, fractional gain for the nasdaq. big tech, let's have a look. we have not checked them all morning. we're doing it. apple, alphabet on the upside, the other three are down. not serious losses but not

serious gains. the 10-year treasury yielding 1.28% this morning. market moved overnight was gold. it plunged to a four-month low, 1678 at one stage. it bounced back to 1741 but it is still way down there. as for cryptos, serious movement there. bitcoin at 45,400. ethereum is up. in fact it is up. crypto is up all across the board. just in to us the latest read on job openings. this is the jolts report. good morning to you. susan: good morning, stuart. stuart: what have we got? lauren: 10.1 million job openings, way more than expected. number of people who through their hands up and quit because they feel they can get a better job or getting money sitting home on their couches, that rose to 3.9 million people. this is for the month of june, almost 10.1 million job openings. more than the number of people unemployed. stuart: more job openings, more

jobs available than i ever seen before i think. lauren: i want to say this is a record but i will check that. stuart: 10.1 million jobs going begging, eight million people unemployed. let's get them together. lauren, thanks very much indeed. and now this. back to normal delayed. plans to come back to the office, pushed back. classroom teaching after labor day, probably? but a lot of youngsters will be in a mask all day. you can blame whom so ever you like. we're not going back to 2019 anytime soon. we're in for extended period of covid uncertainty and we're not going to like it. it is confusing. mask wearing rules are all over the place and they change frequently. you have to get vaccinated? the answer depends on your employer around those rules are changing fast too. so are the rules on where you work. you know the longer an employer delays the return to the office the more entrenched remote work

becomes. people put down roots in the new location. they don't like being uprooted to go back to commuting. one thing's for sure, the covid division in our society probably gets worse. you know there are people adamantly opposed to wearing a mask anywhere and there are people who will wear a mask today, tomorrow, well into the future. there are people adamantly opposed to any vaccination. and there are people who blame the unvaccinated for the latest surge in cases. we went into the summer eager to get beyond the restrictions that we lived with more than a year. we're coming out of the summer with restrictions being reimposed. no way around this. there is no magic wand that miraculously ends covid for good. this is the reality we face this fall. that's it. second hour of "varney" about to begin. ♪.

stuart: he's back, charles hurt with us this monday morning. all right, charles, do you think we'll ever get back to anything like normal, back to 2019? >> i think it is going to be it is going to be tough anytime soon certainly. i think you're exactly right, a lot a lot of these divisions will remain with us for some time going forward but i think there is a big difference between this year and last year. i think a year ago a lot of people, even people who weren't in favor of all of the restrictions and weren't as concerned as others about, about the virus, they were a lot more willing to go along with a lot of these restrictions because they wanted to be part of the effort to fix the problem. i think though that what we're seeing right now is more and more of those people that are sort of in the middle of the road about this stuff. a lot less willing to go along with the restriction this is time around and a lot more willing to sort of take on the risks of just, of, you know,

trying to be smart about, about the virus and be smart about maintaining their distance and washing their hands and staying out of crowded places. i think, i think that the reaction from those people about the restrictions are going to be a lot different this time than they were 12 months ago. stuart: i think you're right. i think the national mood has shifted. what do you think? you know, when we went into the summer, spring, early summer, there was a mood of, oh, this is kind of positive. we're going to get back to normal. we'll have a great summer. i think that mood has soured. i think the national mood now is, i hate to say sour but i think it is verging on kind of a mild depression, what say you? >> yeah. it is certainly a new wariness and i think this is a good moment to sort of look back and reflect what was going on a year ago. i think a year ago a lot of people were willing to give medical professionals and

politicians a little bit of the benefit of the doubt about dealing with a completely unprecedentedded pandemic, a horrible pandemic, obviously a very dangerous disease but when you looked at the degree to which it was foe lit -- politicized and used by some politicians as a political cudgel to win points we're seeing how dangerous that was. you have a lot of people who view the thing through a political lens as opposed to looking at it through a scientific lens or looking at it through a medical lens. because they're looking at it through a political lens they don't trust certain people and all of that has been made all the worse by the fact that you have all of this conflicting information. you have these conflicting guidances from the government about how to deal with the disease and it has really created a toxic situation where people are very confuse and getting very frustrated not just with the disease itself but with

political leaders. stuart: well-said, charles, you're right again, see you again soon. thanks for being with us today. >> thank you, stuart. stuart: and now this. look, i think a vote of thanks should go to japan for going through with the tokyo olympics. everything was against them from covid-19, to covid variant and japanese public opinion. they persevered. against all the odds in my opinion the games were a success. there were some terrific athletic performances and many examples of character too. simone biles' grace and poise really stood out for me. so did the americans who draped themselves in the flag. they made us proud. just think of the disappointment that tens of thousands of athletes if the games had been called off. instead the olympics went ahead. hats off, hats off in my opinion to japan. keith fitz-gerald with us this morning. wide experience in japan and asia. what do you think? would you also join with me saying hats off to japan, you

did it? >> i do stuart and here's the thing, our son is a retired athlete on the japanese national team. what we learned as parents is that athletics is not just about competition, it is about the spirit of human triumph. this goes to millions of people around the world who watch these young men and women do their thing and do it well. stuart: yet everybody was, not everybody, but a lot of people were against them. japanese opinion in japan was all for calling it off i think? >> it was. it was an extremely controversial decision, in the spirit of human triumph i personally applaud what they did. stuart: your son, who i have met i think, he was on the national japanese team in fencing, is that correct? >> that is correct. he became a world cup athlete at 15 years of age. stuart: did he appear in the olympic. >> he retired because of an injury unfortunately. he is there in spirit and cheering on his teammates. stuart: glad he is okay.

look at the market, that is what we normally talk to you about, not the olympics. maybe four years team we'll talk to but the olympics in paris, i don't know. you say it is more important than ever to play off ferns right now? tell me why. >> it is, stuart. think about it in plain terms, right? the defense, let's use a football analogy. if you have a defensive team out there, their job is not just to stop the opposing team from scoring but manuever the ball so the offensive team can make a point and win the game. investing you have to constantly manuever for the advantage. in today's market go with great companies with great results no matter what is happening in the world or in the white house. stuart: any quick comment on mcdonald's. i see it is off its highs recently. you still like it, why? >> funny you should mention that. that is a great exam approximately of a company i'm talking about. they're improving technology, order accuracy and sales and

boosting employees. this is a real sleeper in here. it is exactly the kind of company that can help you play offense when the entire world wants you to cower in defense. stuart: keith, thanks very much for joining us. pass along our very best wishes for your son in japan. >> will do. stuart: thank you, keith. we have some movers, i particularly want to look at oil, down 3 1/2%. lauren. lauren: there is on top of the near 8% decline last week. this is on the delta variant. fear of rising number of infections across the world will crimp demand. that people will stay home. look at oil-related companies like halliburton under pressure today. oil once again the big loser today and last week. stuart: okay, got that. what is the next one? tesla, you have to tell us about tesla. lauren: jeffries upgrade the stock to a buy. they predict an 850-dollar price target and a rally of up more than 20% over the next 12 months. why? worldwide demand for evs will

keep growing. stuart: anything else on your list? susan: crypto. bit mining. this is one of the most actively traded stocks today, up 16 1/2%. look at that it was up 19% on friday. it is inexpensive at 7:$44. two big percentage gains in a row -- $7.44. stuart: any idea what is behind, that is a pop what is behind isn't. lauren: ether is holding 3100. bitcoin well above 45,000 right now. the store foreethereum a third of the crypto is burned. less supply means higher price. that is what we're seeing right now. there is also these fears a pay-for in the one trillion dollar infrastructure bill that the senate is now considering is $28 billion that would come from taxing those involved in cryptocurrency. whether you're a software provider, a miner, you name it. so it is interesting, with that

news in the backdrop that we've seen crypto currencies surged so much. bitcoin is at 30,000 for weeks. stuart: like we said earlier, some kind of regulation and some form of taxation confers respectability and stability. maybe that is attractive. susan: for bitcoin yes, not sure that is what bitcoin traders really want. for the other crypto currencies it's a different story. stuart: but you can bring in some of the good guys to make it more respectable. lauren: absolutely. stuart: i'm grasping at straws, lauren. lauren: you're not grasping that is an elegant argument. i agree with but only holds for a bit. stuart: coming up on the show the head of the nation's second largest teachers union says the vac sheen should be mandatory for teachers. watch this. >> we need to work with our employers, not opposing them on vaccine mandates. stuart: we're going to take that on later in the show. again i got to tell you that dave portnoy, he is a disruptor. that is exactly what he is doing

with his latest ventures, sports bars, football bowls, port any is with me in the next hour. we talked about the surge in covid cases in migrants. did you know migrants are only tested if they're showing symptoms. a report from the border next. ♪. ♪ 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. limu, you're an animal! who's got the bird legs now? only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

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july -- 210,000. that is the highest total in 20 years. jonathan hunt at the border in the town of lajoya in texas. jonathan, the administration quote, extreme progress is being made. are you seeing this extreme progress? >> it would be very hard to make that argument in the light of those new figures, stuart. we're in the heart of the rio grande valley which is described by border patrol agents as the epicenter of this ongoing surge. take a look down the dirt road behind me here. this is one of you might call the migrant alleys that leads up the from the rio grande river, a mile down there, pretty much migrants are can climbing over the river and coming up here. it is pretty quiet right now. we have video after 70, or 80 migrants coming through this path, taking a left down towards the border patrol processing

center a couple hundred yards from me here. we were there last night as well. take a look at the nighttime video. several dozen, 30 or 40, or so migrants being processed at that same border patrol processing center. that is a constant flow. that is why you see the new numbers. we're expected to get any moment now. u.s. authorities saying that they stopped migrants about 210,000 times at the border in july and compare that to july of 2020. it is a five-fold increase over the just about 41,000 encounters in july of last year. as you take a look at some of the pictures shot by our drone of some migrant being processed beneath in the shade beneath a bridge 15 minutes or so from where we are now another concern stuart is the increasing number of covid-19 cases among the migrants. whether the virus is being passed on to border patrol

agents. one source telling us as many as 25 agents just in this area may have recently contracted the virus. a rio grande city doctor talking to "fox & friends" today, said frankly that is inevitable. listen here. >> it is very closely related to the number of migrants that have come across that are either testing positive and being released early or not being tested at all and continuing to spread the virus as they travel up further north into the country. reporter: president biden meantime getting hit from both the left and the right on immigration. the left accusing him of being too slow to roll back trump era policies and using what is called title 42 to immediately remove many migrants testing positive from the right of course the president being accused of not doing enough to stop the flow. there was some suggestion from the administration this would

all slow down in the heat, the summer heat here in the rio grand valley which is pretty tough, i can tell you, stuart. clearly from those numbers, 210,000 apprehensions in july, and the pictures we're showing you day after day emphatically not the case that it is slowing down. stuart. stuart: we got you. jonathan hunt at the border. thank you very much, jonathan. let's bring in brandon judd. he is the president of the national border patrol council. brandon, we have this new report that migrants are not being tested for covid unless they show symptoms. brandon, we don't have a firm handle how many migrants have the virus as they come in, do we? >> we have no idea how many people are bringing in the virus into the united states because the only time like you just said the only time we test individuals if they're showing signs. if we're going to release them. if we're going to hold them in custody, transfer them to i.c.e. or hhs, we will test those

individuals but the ones being released into the public that are spreading throughout the united states, those individuals are not tested by the government. they're supposed to be tested by the non-governmental organizations that we release them to but we don't know. there is no way to verify that in fact they are testing them and they don't have to get tested because once they're released from our custody they're free to do what they want, go wherever they want. so there is just no way to tell. stuart: border officials found an extensive, i guess this is a drug trafficking tunnel running from mexico into california. do you know how they found it and am i right in saying that looks to me like a drug smuggling tunnel? >> it's a drug smuggling tunnel. they were able to find that due to intelligence, great intelligence work by homeland security investigations. these tunnels are very dangerous. these show the extreme measures that drug smuggling

organizations will go to get their drugs into the united states. you know, and again when you look at secure borders if we can't get a handle on the number of people that are crossing the border illegally, if we're constantly tied up dealing with these individuals, we can't find all of these tunnels, of course they are going to affect so many u.s. citizens because drugs are coming in killing some of our youth. it is a very dangerous situation. if this administration does not do what it needs to do these things are going to continue to happen. stuart: local police in new mexico say smugglers are telling migrants, hey, use uber and lyft once you get into the country, have you heard that? >> yeah. we have. this just goes to show you how overwhelmed the snuggling organizations are. you know, it is crazy to think that in the past the smuggling organizations would bring people, whether it is from china, whether it is from you know, countries like guatamala, honduras or el salvador they

would do all the transportation themselves. because so many people are coming they don't even have the resources to smuggle all the people in. so they're having them use uber, lyft, all kinds of different sources. so again it is absolutely out of control what we're seeing on the border. we've never seen anything like this before. stuart: brandon, thank you very much indeed for being with us. and straightening out the true situation, we appreciate that. thank you, brandon. >> thank you. stuart: transportation secretary pete buttigieg defending the infrastructure bill even though a new report says it would add, what, $350 billion to the debt? roll tape. >> the pay-fors that are in 24 bill are appropriate for a bill that is going to grow the economy and grow u.s. productivity. stuart: wait a second, the pay-fors are not really there. they're, peter morici knows more about this than i do. let's bring in -- he is an economist. he knows what he is talking about. peter, he will come in after the commercial break, a little ahead

of myself. we're in a brand new studio. i'm having a little trouble here. stop laughing at me, lauren. >> i'm a little off as well. stuart: great, i love it actually. workers wages rising but not enough to keep up with inflation w very a report on that straight ahead. ♪.

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♪. stuart: jacksonville, florida, this morning, 84 degrees right now. probably going a bit higher than that too. then there is this, the one trillion dollar infrastructure bill could pass the senate later today. probably very soon. lawmakers on both sides however are warning about its impact on inflation. hillary vaughn on capitol hill. hillary, what are the senators saying about inflation? reporter: there are even some democrats, stuart, are worried about inflation. we expect the bipartisan infrastructure bill to pass in the senate but wait negotiate wings is the $3.5 trillion

infrastructure package. bernie sanders and chuck schumer introducing it today. that could have shaky support with democrats alarmed for increase spending. joe manchin righting federal reserve chairman jerome powell our monetary, fiscal response met the crisis when our economy suffered the equivalent after heart attack but we have to make sure by stimulating the patient with already strong recovery. this infrastructure bill was supposed to be passed but the process was slowed down by republicans that the promise would be paid for was broken when the cbo report found less than half of it is. the republicans have issues with the reconciliation bill coming right after it. senator bill hagerty tweeting about sanders' reconciliation package, more spending, socialization debt bomb that will fundamentally reshape american society and our economy. we're expecting, if the senators are not able to expedite the

process this infrastructure bill, stuart will be passed somewhere between 3:00 and 4:00 a.m. tomorrow morning. stuart? stuart: got it. hillary, thanks very much indeed. i need some clarification here. so let's bring in peter morici. he is an economist. so he should be able to clarify this stuff. the one trillion dollar package, the one trillion dollar package that will be voted on real soon if we get that, is the fed right, will inflation ease even if we get the trillion dollar package? >> i find that statement to be absurd. that package won't have appreciable effect on aggregate demand or on the efficiency of the economy for many years. it's a very small package on an annual basis and its effects on efficiency are squally small, even smaller. i find there is no connection between the infrastructure package and perspective inflation. stuart: let me jump in, hold on

a second. i have to jump in, peter, i'm sorry to do this, i have to jump in. i want some clarity here. you're saying that the one trillion dollar package which is probably going to be voted on real soon will have no immediate impact on inflation. but what about the 3 1/2 trillion dollar package that they're also going to be debating very, have he soon? if we get any of that, would that increase inflation? >> well, yes, because that money will be spent more quickly. it will be spent on annual basis, basically to give people money to spend. but with the infrastructure package you're only talking about 500 billion that is new money t takes time to get out. probably will be spent over 10 years or more. whereas the 3.5 trillion reconciliation package has, for example, you know, basically guaranteed annual income for people with kids. a boost in the child care, you know, allowance and so forth. all that is very, very

inflationary. stuart: but, we won't necessarily get the full 3 1/2 trillion dollar deal, will we? >> oh, i think you're going to get a lot of it but not all of it. you will get enough to be inflationary. if you get two trillion. get two trillion, that is 200 billion. 250 billion a year. as they estimate it. there are private estimates that say that 3 trillion, 3 1/2 trillion will be really five 1/2 trillion because they're underestimating the true cost to slip 24 through the process that will be very inflationary. basically going from a $1.2 trillion deficit to two plus trillion per year. that is at least 800 billion to a trillion more, not to get buried in numbers but that is significant. stuart: okay, i'm running out of time here but i'm reading between the lines. you seem to be saying if we get this extra 3 1/2 trillion dollar

deal it's a disaster for the economy and the markets. is it that bad? >> it is not a disaster for the markets but it will be a disaster for the economy if the fed steps in and stops the inflation, we'll be in a paul volcker world where we screw down the economy temporarily to get inflation under control and it has to rebound. we're talking about two years or 10 years f it doesn't, and we just get inflation, the market will accommodate that. the market can survive on higher interest rates. it can survive on inflation. as long as businesses are selling stuff and they get the prices they need they will have profits and as long as they have profits stocks will go up. stuart: i will leave it at that. we've got to watch this thing, see exactly what we do get out of 3 1/2 trillion. >> a lot of moving parts. so many moving parts here. it is called system of equations with more equations, more unknowns than equations so you can't solve it.

stuart: i'm lost. trying to follow it. peter, thanks for joining us. we'll see you again real soon. on a related note, transportation secretary buttigieg, he is defending this one trillion dollar bill after analysis shows it would add 350 billion to the deficit or in deficit spending. what is his defense of this? lauren: that it grows the economy. listen. >> the pay-fors that are in this bill are appropriate for a bill that is going to grow the economy and grow u.s. productivity. you don't see the number of conservative republicans supporting this bill you do unless it is fiscally responsible. we think there will be enormous economic growth coming out of this. lauren: 18 republicans joined democrats in supporting the bill but how much does it pay for itself around how does it pay for itself? good question, penn wharton budgeting model shows it adds $351 billion in deficit spending and has no effect on gdp, 10 years from now, by 2031 and

little effect by the year 2050. opponents say the senate passage, what it does lights the fuse for everything you were talking about with peter that 3 1/2 trillion of additional spending on the democrats priorities, the human infrastructure. stuart: got it. the real danger is the 3 1/2 trillion dollar deal. that is the danger of inflation, that one right there. tough, isn't it? economists say the infrastructure bill's boost to the economy will be short term. can you get into that one? lauren: it is the same idea. if you look at the new spending in this bill which is about $550 billion that would spread out, it is not immediate, spreads out over five to 10 years and prediction from goldman sachs it will add just .2 of a percentage point in gdp next year. we spent so much on the economy which really invigorated growth. this one, less spending spread out is not expected to do the same. stuart: what a mess, following it exceptionally difficult.

>> here we are. stuart: thanks, lauren. joe rogan says, vaccine passports are quote, one step closer to dictatorship. watch this. >> you have one step away from a king. you're moving one step closer to dictatorship. that is what the [bleep] is happening. stuart: the man is fired up. that is not all he said. we have the full tape coming up for you. plus tucked away in the infrastructure bill is a mileage tax. we'll tell you how much it would cost you after this. ♪. yeah, i mean the thing is, people like geico

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which one is i-65? i don't even know. doesn't even matter. lauren: surprised that i think you would know. stuart: 90 degrees, probably going higher. let's get serious. included in the infrastructure bill it's a tax mileage pilot program that would be a fee for every mile driven. grady trimble joins us. how would this work, grady? reporter: well that's the big question, stuart, how do they track every mile that you drive and then tax you for that? that is why this bill has $125 million set aside so that they can look into the feasibility of a mileage tax at the local, state and federal level as more people drive electric vehicles and therefore avoid paying the federal and state gas taxes. so it is unclear if this would replace gas taxes or be in addition to them but already states across the country, more than a dozen of them, are looking into these mileage

taxes. take pennsylvania for example where there is a proposal where they would replace the gas tax but charging drivers 8 cents per mile. so if you do some rough calculations, driving around 220 miles per week that would amount to right around $920 per year. the folks at the national motorists association, they strongly oppose a mileage tax. they say it violates privacy with the government tracking how far you're driving. they say it's a way for the government to get people out of driving cars. >> it is going to be so expensive to drive that you will either not take that job in the city where you can make more money or you will telecommute and can't figure out how to pay for actually assessing the fee and how to assess the fee without putting you know, surveillance on your car. reporter: you will remember on the campaign trail then candidate biden said that he wouldn't raise taxes on americans making less than

$400,000 per year. our colleague hillary vaughn asked the white house about this proposal in the infrastructure bill and whether it would cause taxes to go up for lower and middle-class americans. the white house says it doesn't violate the 400,000-dollar pledge but any new tax, stuart, you can imagine worries, people, and in this case drivers. stuart: especially 900 bucks a year for driving 220-miles a week. that would get to you, wouldn't it? grady, thanks very much indeed. i noticed gas station behind him was charging 3.89. that is getting up there. that is chicago. joe rogan, man on your screen, slamming politicians trying to mandate vaccine passports. what exactly did he say. lauren: he says mandates get us one step closer to dictatorship. here you go. >> if they can figure out a way to force you into carrying papers, into carrying something that lets you enter businesses or lets you do this or lets

businesses open as soon as you give politicians power in any kind of power that didn't exist previously, historically they don't relinquish that power. they find new reasons to use it. as soon as you tell them you have to do this or you can't do that. you have to listen to me. now you have a mini dictator. >> right. >> you have one step away from a king. you're moving one step closer to dictatorship. lauren: the federal government, stuart, they likely won't mandate vaccine passports like we're seeing in some countries, italy, france, but many states are, many companies are. that sets up the perpetual contrast of midterm elections of florida versus california, for instance. so there is a political point for everybody at this point and it's confusing for everyone in the middle. stuart: i think you're right. there is a strong political coordination going on in between the two sides. lauren: yeah. stuart: good stuff, lauren and thank you very much indeed. actually difficult stuff.

a "squad" member, cori bush, doubling down on the calls to defund the police. >> st. louis being number one for police violence year after year after year. number one, when we're adding more money to the police but we're still dying. stuart: the attorney general of missouri, eric schmidt, he is going to take that on. he is on the show a little bit later on the program. did you hear this, a mom from rhode island sued, being sued bit teachers union because she wanted to know her kindergartner's curriculum. she is outraged and she is here too. our retirement plan with voya, keeps us moving forward. hey, kevin! hey, guys! they have customized solutions to help our family's special needs... giving us confidence in our future... ...and in kevin's. voya. well planned. well invested. well protected.

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she is with me right now. nicole, i'm told you repeatedly requested public information to find out your daugher's curriculum, 200 requests for information. is that what the union objected to? >> well the school told me to submit public records requests. i emailed them a list of questions. they told me the only way they would answer my questions was submitting public records requests. i asked them to answer the questions in another way and they refused. i'm doing what the school told me to do and the union is suing me for that. stuart: on what grounds is the union suing you? >> in my opinion they want special treatment. the union doesn't want private information released. my information requested is requested under public records act. only public information is released under the process that i requested information. the union wants special treatment because they don't want their teachers exposed if they're teaching critical race theory. stuart: do you believe that they are critical race theory?

>> well they implied that in the complaint. if emails are released where teachers are engaging in conversation about critical race theory which would probably show they are teaching it, then the union doesn't want their teachers to be subject to quote, harrassment. now of course no one wants anybody to be harassed but these are government employees who are subject to public scrutiny and teaching crt is a matter of public concern. the union can't just come in and have union bullying to supplant the rule of law. stuart: where does it stand at this moment? have you got the information you requested or is that stalled in court? >> no. i have not received the information that i requested and that is why they're suing me. so they have a temporary restraining order filed along with an emergency injunction because they're trying to give the school a break from fulfilling my request until this lawsuit is resolved. >> okay. the other big deal in schools is children wearing masks.

let's forget about crt for a moment. how about children in school wearing masks. where do you stand on that? >> well i think at this point we have enough scientific data to allow parents to make their own decisions and decide what is best for their own child. stuart: do you find that coming back at all the time? it should be your call but it's not, it is the school's call, is that what happens all the time? that is the argument constantly? >> well this has been my experience. i enrolled my daughter in kindergarten. this is my first experience in public school. from the moment i started engaging them i was treated like an adversary. i reached out to as many people as i could to get information what my daughter would be taught. i exhausted all my avenues. then my own school turned around and threatened to school me. even before this union lawsuit my own school threatened to sue me and they had a five-hour public meeting subjecting me to public ridicule because i

submitted the public records request that they told me to submit. so from day one my school has treated me like an enemy of the state. even the union has been after me because on june 7th, they even had a private union meeting where 250 teachers were looking at slides of me with my name and picture as if i were again an enemy of the state. stuart: good lord. >> so this is so bizarre and i can only, only deduce they're really something else more nefarious going on here. stuart: please, stay in touch with us and come back and tell us how this all works out because we're very interested in this subject. nicole solas, we'll see you here again we hope. on related note the head of the second largest teachers union, randi winegarten she shifted her stance on vaccine mandates. she wants all teachers vaccinated. >> the head of the second

largest teachers union in the country and she says, teachers, educators, staff, must be vaccinated. here you go. >> we need to be working with our employers, not opposing them on vaccine mandates. my members have stepped up. 90% of the teacher members have actually gotten the vaccine. but i do think that the circumstances have changed and that vaccination is a community responsibility and it weighs really heavily on me that kids under 12 can't get vaccinated. lauren: so teachers vaccinated and the kids in masks. i bring up that second point because there was a wonderful op-ed in the "wall street journal" by dr. marty makary. he argues that kids should not mask up this year. i wanted to read you this quote because it's a good one. any child who wants to wear a mask should be free to do so but forcing them to make personal health and developmental sacrifices for the sake of adults who refuse to get immunized is abusive. he continues, before we order

the masking of 56 million americans who are too young to vote and don't have a lobby, let's see data showing the benefits and weigh them against the long-term harm. there is not much data to go on here. what does wearing a mask do to your child but, it at very least it is uncomfortable for them that discomfort does affect learning in at digs to all the health concerns and breathing concerns. stuart: dr. makary will be on the program tomorrow, that's tomorrow morning. thanks, lauren. big show still ahead, steve forbes, will cain, missouri attorney general eric schmidt, barstool's dave portnoy. plus the you know climate panel released a dramatic report. we're in a climate crisis, got that. make no mistake the left in my opinion they will not let this crisis go to waste. that is the theme of "my take" which is next. ♪.

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>> were going backwards but we will go all the way back because a vaccine is a backstop it's overly politicized and should not be in the public health tool. >> let's not get sidetracked for the masturbate in local school districts like local businesses that you recited ought to have that option of saint morgan have masks in their schools because of the concern for the children that can be vaccinated.

>> is not a question of how bad kobe is going to be in town by people think covid is going to be units an increase in the covid numbers that is on both prices. >> friday's job numbers were at a seminal moment it's given license to investors to not only not fear the taper but frankly to embrace it. >> you have to move her for the advantage in today's market that means going with great companies with great results no matter what's happening in the white house in the world. ♪. stuart: shake, rattle and roll, i do recall that. bill haley, i'm going to move on its 11:00 o'clock eastern time monday august the fifth let's get straight to the market we have the dow down a hundred and the nasdaq up 15 i'll call that

a mixed picture for stock prices in the early going the ten year treasury yield is 1.31%. interestingly yield has gone up earlier in the day to come down but now it's back up again i'm guessing that will not help big tech this morning and lauren the other gentlemen on the screen who will be joining us shortly in our brand-new freezing cold studio. lauren: consumer expectation of inflation three years time were looking out rising to 3.7% that's the highest in eight years, for everyone says inflation is transitory, is three years from now transitory i don't know anybody who raises prices and says let's lower the prices. stuart: that's why the yield on the tenure has gone to 1.31% because that's an inflation indicator, now this. the un climate report released

this morning says this we can't do anything to stop global warning intensified over the next 30 years, we've left it too late, devastating extreme weather events will keep happening but this is important, if we act now there is a chance we can stop things getting much worse at the window opportunity and it breathes new life into the green new deal, the greens can say we must get rid of fossil fuels and de- carbonized and we must revolutionize farming and stop eating meat, we must do all of that because the un report says it's our last chance they will have the un report to back them up, says the last decade was the hardest and 125,000 years and if we don't act now were doomed. that is perfect timing for aoc and bernie sanders this is just what they need their drastic

climate solutions are about to be debated in congress they will point to the wildfires the heat waves, the floods the mounting ice caps as positive that we must completely reorganize our entire society. question, are we sure that this grand reorganization will actually work to check global warming advance can socialism be climate change, i strongly doubt it and at what price will we have to pay for their extreme politics. expensive energy, huge job losses, intense intrusion into our lives, i don't think voters are prepared to pay that price, there will be intense competition, sorry there will be intense opposition, make no mistake the un tells us were in a climate crisis the left will not let the crisis go to waste. the third hour of "varney & company" is just getting started. ♪ here is steve forbes who is

listening to what i had to say, that report, the un report seems to be that exactly what the left needed right now, are you with me on this. >> yes the un is a version of chicken little that's been around for decades and they read it to kids and really the fact is we don't have a crisis, there is a number of deaths each year around the world despite the headlines from weather-related disasters is 95% lower today than it was a hundred years ago. in terms of rivers, the survey was done 10000 rivers most of them are less high today than they were in the past and in terms of the heat and cold, the more devastating for death is cold and when you look at the record, the facts are not there in the convert as you pointed

out to go to completely wind and solar battery economy would rip up the earth in terms of mining 40 times more lithium and more cobalt controlled by the way by china and the massive amount of waste, 20 years you need to recycle the batteries what are you going to do with these tens of thousands, hundreds of thousands of tons of stuff that you can't recycle when you look at the facts what needs to be done on mining and what's happening in the world 95% fewer deaths because we do things better than we did a hundred years ago, this is a push by the left to get control. stuart: do you think it will work, i say that not just because of the un report but because of all the headlines that we've been getting this year floods in europe heat waves in america wildfires in california and elsewhere, those

are dramatic headlines or dramatic video supporting the un's position at the very least i suspected to put conservatives on the back foot. >> the conservator should go on the forward foot people believe in troops should go on the forward for those wildfires in california is due to poor land management that is government, what happened in germany with a warning system and it didn't work the warnings were there and they did not come up that is government failure in california, government failure in germany, whether changes but this idea that were about to have a catastrophe in the world going to burn down is preposterous and we need to fight back on it in the true agenda to control life. stuart: we hear you and thank you for being with us, i'm sure we'll see you again real soon i'm gonna bring in but i'm gonna show you doctor marc siegel, he was on the program earlier,

here's what he had to say about children wearing masks in schools. >> i'm recommending cayenne 95's but not mandating because a lot of kids can't tolerate them there's a lot of anxiety associated and rashes, i don't want to culture war, i want to recommend it because i think it's a good public health tool but it hasn't been studied against the delta very. stuart: let's bring in will kaine who is a parent himself and i want to know what do you think about mask wearing in schools for very young children. >> i think a lot of doctor siegel i wish he was here because i would like to ask the question why, why do you recommend children wearing masks, doesn't seem to be anything that i've seen i've invested reading and knowledge into this it doesn't seem anything beyond fear mongering to have us mask our children where's the data and the science that they are at risk of any type of hospitalization or

mortality from covid-19 when we look at the numbers of the past year the most comprehensive study we found so far from your home country the uk 12 months of data they found 25 kids under the age of 18 died from covid and a nation of 12 million children 25 why would we go to extreme measures masking and force fascinations for something that statistically carries less of a risk than the common flu. stuart: is your position that it should be the parents call and not the school. >> no doubt if a parent wants their child to mask, go for, knock your socks off but if your. who does the risk assessment looks at the cost-benefit in your child's life and on the cost-benefit we put nothing into analyzing what the effects of masking is on children we spent $42 billion studying covid not a dollar figuring out what masks might do to children in terms of detrimental effects and don't think they're completely a

positive effect, there certainly negative effects to the mask as well if you're a parent who's gone through the analysis you can have the freedom to decide what your child wears. stuart: were changing the subject dramatically, we can turn on a dime i'm going to turn to soccer lionel messi bid at your full farewell to barcelona he supposed to be the world's greatest soccer star he could be headed to paris, do we have a soundbite on that he was reduced to tears you know anything about soccer our u.s. soccer guy. >> , soccer guy i love manchester city for real reasons not just you because they went. you're the front runner the pics whoever's in place. and you know the greatest debate and not to sports but television, i believe it's rinaldo i think he's counting and he keeps winning he's won

everything lionel messi is great but rinaldo is a winner. stuart: lionel messi wants to win the world cup. >> e1 for the summer for the first time. stuart: it is next year end it looks like he will be at psg in paris. are you interested in the sana lauren. lauren: no, i wasn't listening and went over my head. stuart: i think lionel messi makes $200 million a year. >> endorsement and in pay, you. stuart: it's a lot of money. let's get back to the market we can turn on a dime just like that lauren are you watching the movers. lauren: the ceo said they have aggressive pricing going on in the have to raise prices further so the stock is up, your food

cost is going up even more in detail of to win results downgraded by bank of america on these restrictions and macau, that stock is down 3%, there down just a bit by half a 1% they got in upgrade with bank of america and las vegas demand. stuart: amc got their earnings this afternoon at 4:00 o'clock. i movie theaters, movie goers going back to the theaters and at the delta very and it's a movie coming out that we can see in a movie theater project but will the delta variant prevent people from going back to the movies, i know it's a mean stock but anything said about demand in the future and outlook will be key for amc. stuart: will have to find out amc has enough money to pay off their debt which is gigantic. lauren: the stock prices of the 400% this year. stuart: we still have a big show still to come, dave portnoy

coming i'm gonna ask him about barstools bar that he's creating he's coming to the big cities. the olympic champion heading home some will have to pay victory taxes on their prize money we will explain that. congresswoman cori bush will not back down her call to defend the police. rotate. >> were adding more money to the police but we are still dying. the attorney general of missouri will take that on. the attorney general is next. ♪ as someone who resembles someone else... i appreciate that liberty mutual knows everyone's unique. that's why they customize your car insurance, so you only pay for what you need. [ nautical horn blows ]

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stuart: the state of missouri is suing st. louis and kansas city over there reinstated mask mandates, the attorney general eric smit joined me now, why are you trying to stop the mask mandate in the cities. these so-called leaders in kansas city are making this stuff up as they go along, it is not based on science artifacts, it is about control, we filed a lawsuit in st. louis and we actually wanted st. louis county last week so there is no mask mandate in st. louis county which is a county of a million people and we filed suit in kansas city to really fight for freedom, what we are told a few weeks ago if you're vaccinated go live your life and others in the vaccinated people have to wear masks all day long, requiring kids who are five

years old to wear masks all day long we know there's a very low risk for them tracting, transmitting or getting seriously ill from copan and in missouri there's 0 deaths for kids under the age of ten this is about aggregating power, restricting freedom and were gonna fight back at every turn. stuart: have you heard from the parents on this. >> people are upset i've never seen anything like this, people are really upset they're tired of being lied to, they're tired of the level of control and they want to make their own decisions. if a parent decides they want to send their kids to school that is their decision but the government requiring that the government requiring people be vaccinated where mask if you been vaccinated and you want to were six masks and walk around the park all day long this is america god bless you go do it but our objection the government shouldn't be telling people to do that is antiscience, it's not based on facts it's about control once they got there they gotten used to it and they don't want to give it up.

stuart: congresswoman cori bush from missouri is standing by her calls to defend the police, she is funding her own private security team, let me just roll that tape one more time mr. attorney general, so everybody can look at it. >> my job is to save lives, the lives of my community st. louis be number one for police violence year after year, when were adding more money to the police but we are still dying. stuart: mr. attorney general, your response to that. >> is the height of hypocrisy number one and it's incredibly reckless the hypocrisy that she spending $70000 over the last few months on private security but wants to defend the police for the rest of us in your answer the everybody needs to suck it up, it's incredibly reckless same with a 50 year high in murders last year, violent crime rages through st. louis, you have a mayor that wants to defend the police, this

isn't just rhetoric into reality in the heartland and the mayor of st. louis is trying to cut $4 million from police budget and eliminate 100 when there's 150 officers short using record retirements because the climate that been created by these radicals you have a local prosecutor in st. louis who refuses to prosecute violent crime and won't show up to court and people being charged of murder and release this is an epidemic in the comments by cori bush are incredibly reckless and you responsible, we need to support law enforcement we need more money for law enforcement and we need to make sure everybody feels safe in their neighborhoods and that's not what's happening and she's not helping. stuart: you have a fight in the state of missouri and we appreciate you being here to hear your side. back to the markets the dow is down 90, the nasdaq of 16 can you show me coin based it was up big earlier and it's a big now that the head of the earnings report that comes a little later this week coinbase went public in april and they got up a lot

since then, theory up 20% in the last six days, that is an extraordinary rally that coin is close to 46 grand, let's get back to theory him, why is it up so much so fast speed. lauren: they took off the market and not see much resistance after a theory him hit 3100 and bitcoin 45000 it's holding after many crypto's treated in the same place for months they hit the 200 day moving averages in its 50000 will see what happens then. stuart: will see. by the way oscar mayer cashing in on dogecoin. lauren: oscar mayer auctioned off the hot dog wieners, ten hot dogs that's $15000 that broke a

world record for the most expensive hotdog and it shows another company marketing cashing in on the crypto craze i didn't really notice that at first it takes a while to say that the picture of the dog and it does say hotdog wiener, $50000. stuart: you don't get any dogecoin. lauren: i think you do and the money also goes to charity. stuart: a very expensive hotdog, barstools dave portnoy blamed robinhood after he lost $70000 on gamestop what about robinhood as a stock and i peeled recently, he is on the show we will ask him. cirque cirque du soleil are requiring vaccinations for all staff will take it a step further and make audience get the job, that is next. ♪

(judith) in this market, you'll find fisher investments is different than other money managers. (other money manager) different how? don't you just ride the wave? (judith) no - we actively manage client portfolios based on our forward-looking views of the market. (other money manager) but you still sell investments that generate high commissions, right? (judith) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money? only when your clients make more money? (judith) yep, we do better when our clients do better. at fisher investments we're clearly different.

♪ ♪. stuart: take the money and run

that the white house 81 degrees and partly cloudy, the administration is extending the pause on student loan repayment all the way through january, edward lawrence is at the white house is this the final extension? >> you never know what this administration, i like your new set it's warm and cozy, this administration seems to have not seen a program that it doesn't want to extend, now the administration making waves saying they will extend the loan forbearance program through the end of january 2022 the secretary of education says this is meant to give borrowers a way to come up with a plan to restart loan payments according to the department of education 90% of the 43 million students with loans took advantage of the forbearance as of march of 2021, is not to student loans, the administration is left open the

door of possibly extended the extra federal unemployment insurance benefits that have paid some people not to work in some cases. here is press secretary jen psaki talking about this last week. >> planning to and it's supposed to end at this point at the beginning of september, he hasn't made a decision to extend and not to. >> the administration looking up extending the rental and eviction band until october 3 the cdc has made a new temporary restriction in place the areas considered have infection rates of higher substantial are covered by the new band rate and it's a vast majority edge of looking at the map the vast majority of the united states covered under the new eviction band even though the supreme court said they would overstep their authority when they instituted the first band. stuart: want to give somebody something, once a governor gives you something it is awfully hard, it's impossible to take it back.

thank you so much, see you later. show me the markets. we got they're down doubt 80, the nasdaq up 80, not the price movement look in the dirt on, way up it's received regulatory approval and australia up 11% what is the talk about booster shots from a moderna if you did that that would raise revenue, but moderna is up 459. how about that. cirque du soleil act in vegas they've open to shows, they plan to open two more this month. the chief brand officer for cirque du soleil entertainment, welcome to the show is great to have you with us. your staff has got to wear a mask and they've gotta be vaccinated, how do you feel about the audience having to wear a mask as well. >> were working really hard and diligently to get us back to some state of normal, were very

focused on the safety of our staff and audience and will follow the guidelines that were really focused on how do we get back to normal, how would do we reach the fans at home and that's where my focus is to think about how are we extending our brand to them. stuart: i see the point into extend the brand and enhance the brand but you did the love show, the beatles, that is cirque du soleil, i've seen it twice by the way. i love it but i got to tell you i wouldn't want to be sitting down in a mask watching it, what can you do to make it free and easy for the audience if not for the cast members and your staff. >> like i said before were gonna follow the guidelines as they come through, were in the same vote as we all are trying to figure out and navigate this really difficult situation but were moving into the places where we have a bid before, were

thinking about how is the digital round that we've all been forced into, what were doing right now has become so normal when were connected to each other digitally as opposed to face-to-face and we have to learn how to do that, as the company were also learning that language as well were learning how to reach out across the digital platform and how to engage our fans, where they are and try to create an experience that's amazing at home as it is in the uterus. stuart: that's awfully difficult the great they go about cirque du soleil is the presence of the performance right in front of you, you can feel it, i hate to say it but i think you have a tough job with the same level of excitement into my living nearby the tv set. >> it really comes from the standpoint of thinking about us as a fan centric business the fans are at the heart of what we do when you think about the way

with the theater right of how we service their houses and how we migrated into that space whether our connect platform that allowed us to bring our shows for the first time in the ways that fans can connect with and we had over 20 million visitors come through, 65 million views and it goes beyond that goes into the mobile platform and all the things that we can do to surround our shows and surround our fans with things that are useful but things that are delightful i've also the executive chairman and the work that we do there is personal to this conversation they were having if you look at the way that it's powered and all of the thousands of prizes that fans were able to win off the platform that is an engagement to a different level and beyond what you see in the theater,

what you see live happening on stage in the linear of engagement and more importantly the layer of service. stuart: it is great to see you back. i hope to see you making real progress on the digital outreach, good stuff, come back and see us soon, thank you very much the olympics are over when the athletes are returning home with more metals than any other country the final count 113 total for the united states, 39 of them were gold, some olympians coming home that are facing tax bills. >> the swimmer katie, she went to gold do we know how much you may get a tax bill for. lauren: the answer is $44000 for all the glory and based on her financial status she has a lot of corporate sponsorships, there was an obama era rule the said athletes making under $1 million in total income after reductions

or exemption from the victory tax because of her corporate sponsorships she is not informed metals, $44000 in texas. stuart: you pay the taxes if it's above $1 million but you don't pay if is below a million. okay, this is your story subway franchisees some want their company to drop their partnership with megan, get the name wrong, i'm very sorry, why do they want to drop her. lauren: they say she's anti-american she yelled in tokyo and some of the franchisees says their customers are irate and boycotting the chain and they don't want her in some ways advertisements. subway owns zeros of its franchisees but they have to pay tech-support half percent and it goes for the national advertising campaign of which they have little say in, their same pull her from the ads and bring the customers back. stuart: the olympics are now over.

the barstool fund it's raised $40 million, $41 million for small businesses during the pandemic. >> how is it going. >> nose back you up. >> it's been so hard and so crazy and were so appreciated. stuart: dave gives them the money and now they're creating a permanent charity dave portnoy gives us details he's on the show in just a couple of minutes. we've been telling you about the animal shortage could get worse we have a report on that after this. ♪ i'm tmt ♪ ♪ on

at usaa, we've been called too exclusive. because we were created for officers. but as we've evolved with the military, we've grown to serve all who've honorably served. no matter their rank, or when they were in. a marine just out of basic, or a petty officer from '73. and even his kids. and their kids. usaa is made for all who've honorably served and their families. are we still exclusive? absolutely. and that's exactly why you should join. that building you're trying to buy, are we still exclusive? absolutely. you should ten-x it. ten-x is the world's largest online commercial real estate exchange. and it's fast. if i could, i'd ten-x everything. like our lunch. (laughs) amazing! see it. want it. ten-x it.

(vo) singing, or speaking. reason, or fun.

daring, or thoughtful. sensitive, or strong. progress isn't either or progress is everything.

stuart: we check the markets out of the way of commercial i don't

have much to tell you doubt is down 77 and nasdaq of 15 background checks for gun sales up 10% from last year i thought it was more than that, it's way up, lydia is at a gun store in new jersey, they ran out of ammo last year are they having the same problem this year? >> they ran out of ammo twice last year, right now they say they're not in the same situation they have the ammunition that they need but they're doing everything that they can to make sure that doesn't happen again there boosting their stockpiling supplies to their customers, watch this. >> i think that people don't want to be unprepared they learned a valuable lesson in something like this happens who's protecting you you need to protect yourself and your family and i don't think that we've lost that -- >> of course the run on the ammunition and the demand is driven by concerns about reinstating restrictions,

spiking in crime and that's going to happen again and could drive prices of things like this 9-millimeter bullet which is a sought after bullet needed by gun owners if you look at the prices last year before the pandemic started the average price of 20 cents a bullet in her head a high of 71 cents and leveling off at 35 cents a bullet or to stabilize their prices there importing the bullets from overseas and their reinstating policies like rationing the sales of their bullets only one package per customer they have to do that moving forward and that's a policy to help them make sure they have the supplies for their customers. stuart: thank you very much indeed show me the doubt 30 give everybody a sense of the market about two thirds down about one third is up in the dow is up 77 points a little less than a quarter of 1% but watch the level the dow closes out an all-time high friday afternoon this morning it's down but at

35000 of 129. don't go anywhere dave portnoy is next were talking barstool, robinhood, sports betting, all of it with dave after this. ♪ we finally found the perfect house. yeah, we couldn't believe the deal we got. just lucky i guess. (sfx: airplane flying overhead) we're a little closer to the airport than we thought... (sfx: airplane grounded outside the house) at least geico makes bundling our home and car inrance easy. saving us so much money. -hi. -how was your flight? -good. -good. morning, ted. for bundling made easy, go to geico.com. ♪ when i was young ♪ no-no-no-no-no please please no. ♪ i never needed anyone. ♪

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stuart: vomited ipo ten days two weeks ago, this morning a nice gain for the stock price 5744 is the price and that's up over 4% look who's here dave portnoy the man himself, you blamed robinhood after you lost $700,000 on gamestop what do you think about robinhood now. >> he's like a bazillion or he's got money on top of running i invested on a principal but there's not much you can say right now he can buy me a hundred times over so he went. stuart: democratizing investing your big on not. >> i'm still scarred gamestop i think there's some weird stuff that went on, i like taking

money but i still have principles. stuart: really, okay. [laughter] it seems to me that you're in the business of creating a vertically integrated sports betting operation of major proportions your good open sports bars, you yourself are going to do this in chicago, philadelphia and i understand you're doing something with the arizona bowl and what else you got, you're part of penn national you added uppity of a pyramid of sports betting power euro mogul. >> were trying to build the most gambling company that you can find in penn required us in the score for $2 billion or roughly around the last week. basically we want to get media gambling convergent in a new

generation get sports news are looking to gamble they come to us it is a big deal and exciting time in the whole industry. stuart: what is futuristic about it. >> i think it's a new way obviously sports gambling we want to cover from a different angling the arizona bowl new year's eve day that's a bowl that we will cover from the first time strictly streaming it and we will be allowed to put our own people in the booth, called the game and sideline reporter in order to recover for the first time, not only traditionally that provide gambling angle people don't know what's going on what the spread matters and we think we've reached a new generation of gamblers that will look at sports a little bit differently and becoming accepted every league is beginning to accept it embrace it because there's money to be made. stuart: penn national is paying $2 billion for the score, do they not pay you enough for their steak and barstools

boards,. >> we got screwed, here's the deal we set the market, i don't think penn paid 450 million, that was the price and if you go back and read what people said at the time they said that's a lot of money, and for being honest we name the price there was an attentive negotiation we named it but it was a success i think the stock price was 26 when we did the deal and pin is around 76 right now and i said to a lot of people how important to have a media that can reach your audience instead of spending billions to require our competitors have to spend so much money to require customers were trying to get existing media companies of house debate i guess the philosophy that we buy instead of rent, we own what we have. a major league baseball or the nfl when the quarterback signed it's a huge deal and we set the market, we probably would go for

billions if we were back on the market. you're trying to hurt me on a monday and you're hurting me. stuart: me hurting you on monday i would never do such a thing. >> the ceo of penn made a great deal and i think what people look back at this sport deal that's gonna look like a steel and a couple of years as well. stuart: they bought you because you're a leading personality in the world of sports embedding, you get audiences, people watch you, you're a sharp edge guy, that's what they bought. >> i know and the network they bought the story i tried to buy the score before we were part of penn i gambled my whole life, i have the score on my phone and i checked scores for a decade i was very aware how important this is an og gambling site not only did penn by barstool sports

they bought my brain and they bought public gamblers. the score was a target, this is something that we thought there is a lot of gambling companies, i said one point munson month to month ago i did not know he could get the deal done but the only company i would overpay for is a sport because i use them forever they bought insight. i was happy with the deal. stuart: what about the charity golf game, he's going to play left-handed right? >> correct, i'm very confident in myself but i know i cannot beat him, he's won a ton of majors so i did win the u.s. open and that may clarify they said i couldn't beat the u.s. open score with unlimited mulligans which i did so i declared myself championed and he had a terrible left-handed spring and next thing i know i 250,000-dollar bet the winner gets to choose the charity and

he plays lefty and i am a lefty, he may have been sandbagging me a little bit but let me say this about capa, he's mentally weak in a mentally strong so the country club kids are not being used to this and other soft golfers will see how he does when the pressure is on. stuart: this is dave portnoy at his best he is mentally weak there's a headline everybody will grab a hold of and you can have a grudge match. >> he is mentally weak, you see him he's afraid to step on the court. stuart: are you going to trash talk during the match with him. >> of course that's my whole game plan get his plan own beachfront in his brain and watch them fold. stuart: i don't know where to go with this interview i'm having a good time.

last one, crypto's, what are you doing with crypto's you major big-name with safe moon or something crazy. >> i put 40 grand and it's down to ten and i still have that i get troop for the all the time obviously bitcoin is making a comeback i see a pop-up it's going up and down i still own bitcoin and not a ton of either there is legislation you never know what will happen but bitcoin is here to stay so i think it's a good investment but i think it would have ups and downs because there's so much to be determined in the new infrastructure bill that will look back but bitcoin is here to stay i do believe that. stuart: we will ended their euro price performer and it's great to have you on the show i don't know how you do it you're an original and human for one thing to another from crypto to golf. >> they said i was supposed to be on friday and they said you

weren't in and i said i only do it was stuart. stuart: flatter is the mother's milk of television, i'll take it. thank you will see you again soon. just in time for the monday trivia question, bearing in mind covid, how many miles per hour can a sneeze travel at, the answer when we come back. ♪ gold. your strategic advantage.

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stuart: i guess the best way to synthesize this question is to say how fast is a sneeze? what pace does a sneeze emerge at? actually we said how many miles per hour can a sneeze travel up to. i haven't got a clue. show me the answer, please. 100 miles an hour. lauren: we were both wrong. >> germs from one sneeze can travel from 19 to 26 feet. so you no you know. lauren: which should stand further than six feet apart from the covid days. stuart: you can really close out of the supermarket real fast by sneezing out in aisle number six. the markets, there is not much going on at the moment. 25 for the nasdaq. down 60, i want to know lawyer en, in this brand new, rather freezing cold studio, what is your favorite story of the day? lauren: the dow opening stories. we have never seen more than

10 million job openings in any one month. so why is it that people are not getting these jobs, applying for these jobs? does it change when the pandemic assistance is over they say, after labor day. stuart: will the pandemic assistance ever end, the emergency payments? 10.1 million jobs going begging. 8 million people long term unemployed. doesn't match up. my time is up, even if i'm in a new studio. jackie deangelis in studio for neil. jackie, thank you very much for helping me out last friday. you hosted the show. did a great job. we appreciate it. jackie: thank you, stuart. this is cavuto "coast to coast" i'm in for neil cavuto. will the markets go in the wrong direction, our