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 reporters and

market watchers are all over this question. plus the eviction moratorium extended again leaving landlords out of luck. we'll talk to one landlord enough. he is taking his case to court. job openings, jumping to a record high in june, rising, raising canes is one of the company as raising stakes for its employees. will the perks work? we'll speak to the company's ceo. our top story the delta variant raging from coast to coast. the u.s. averaging 100,000 cases per day. joining me now is nyu langone associate professor of medicine, dr. roshiniraj. from my research, understanding of this, there are nuances put us in a new position, maybe a better position than we were in march of 2020? >> well, high, good afternoon, jackie, yes.

the delta variant is certainly worrisome. we're seeing caseloads as high as back in february. that is worrisome trend. this is very much a variant or disease primarily affecting the unvaccinated. what is hopeful programs as people do get more vaccinated, we really reduce that population that hasn't received a single shot we'll see numbers go down as opposed to up. that is a big if, if we get more people vaccinated. want to point out the variants surge when rye virus is circulated. continue to see more variants. we'll go through the whole greek alphabet if we're not careful if woe don't put a halt to the virus. only way we can do that is more vaccinations. jackie: you look at the statistics, more than 50% of the country fully vaccinated. we're headed in the right direction. maybe the progress is not as quick as we opened for. there is some belief as if cases

rise, people will look at evidence, didn't get the shot, now is the time i should go get it. we're incentivizing them across the country to do so, doctor. >> that is true but the other thing that will happen now, schools are going to be reopening very soon. unfortunately for children under the age of 12 is there no vaccine option at this moment. hopefully that will change in the next few months and the fda will approve younger children to get it. why those who can get vaccinated should because there is a large segment of the population, namely our children, not to mention those immunocompromised. are still vulnerable to the delta variant. looks like the delta haven't variant is reaching children more than previously covid-19. definitely a issue for parents, if kids go up in person learning in the fall they will be masked up in the classroom, will that

help in cases of kids 12 and youngser who can't get a vaccine? >> it will help them and help protect teachers, other students, even those who have been vaccinated. we're seeing breakthrough infections where people are getting sick even if they did have the vaccine. however, again, still really unvaccinated where the vast majority of cases right now. masking will help. nobody wants to wear a mask in school. i completely understand that. if the alternative is not having schools open at all. it is better having in school, learning, having social interaction with other kids. jackie: they suffered last year in terms of social development d coe sivllskiheykiy lea lea l l t y ask you y abost ber ifs, yous,eroue w onatef the vanarch.liarar yr, y i i wasva ople are a tal tngal a tng w we hd beadk bdddchoo s hool,d theorkheorororor p,be mbe timeor t f ter.ster.stho hioiso t >>h bss a

typrprhnevitae.bl di'y waiti wng wng w tha tehehu terhhoehoomom scici eeaygaye'tillll sure sureurhit l b the t f gn thn pprovaro a ho fofose who w a d fooeroo upthth hoping.n ihe the t text studies are showing immunity wanes after number of months. six months or a little bit longer, eventually everyone will need a booster. it may eventually something we get once a year but that is at a point where we think the virus is really largely under control. you get the boost to keep it under control. right now we still need to get people who have not had one dose to get their two shots. that is priority. jackie: speaking to that. i wonder if you can speak to the psychology behind those who are not getting vaccinated right now. do you think when the fda puts pfizer, takes it from the emergency use authorization to the permanent regular fda authorization, do you think that gives people confidence to say,

look, now they're saying this is not just under emergency? we looked at this. we believe in this, it will give them confidence? >> yeah. i think it really will. i think it will change some people's minds. i get it. this is a new vaccine. people feel like it was made very quickly, to be honest the technology has been around for a while. the people got nervous. the fact it is an emergency authorization did give pause so tom people. i think regular official fda approval hopefully is coming soon, can't come soon enough will give a lot of people more confidence. hopefully we'll see some of those numbers wane. jackie: thank you for your expertise, your insight, so helpful for us to make sense what is happening right now. we'll have you back on the show soon. meanwhile a growing number of companies are reworking their back to office gameplans that is an issue. how much will it cost the markets? how will the markets take it as we go forward to. capitalist pig hedge fund owner,

jonathan hoenig. good afternoon to you, jonathan. it seems to weigh on the market not in a substantial way. this is how it first starts people have doubts with respect to the reopening situation. the virus, think we're going backwards and they get nervous as we're heading into the fall. >> jackie as the old saying go life is a story of plan b. a lot of companies have to come up with their plan b. as you said the company was moving writ large in a positive direction when it comes to the coronavirus. the delta variant changed a lot of that. vaccine hesitancy has changed a lot as well. there are two issues. one is liability and comfortability. companies do not want bad press liability of bad press at one of their locations. comfortability, 70% of americans would want to work at home. 80% of millenials. companies are refiguring the work spaces for that reason. jackie: look at the graph, some companies readjusting the timelines, big companies, important companies that really set the tone, amazon, apple,

google, microsoft. a lot of tech companies but i feel like others look to these as the behemoths that sort of set the tone how to do this. now it is not labor day now. we're talking past that. possibly october or later. >> you're exactly right. the big tech companies are among the ones first, over a year ago, jackie, to send their workers home for work at home trend. a lot of smaller firms followed big companies in terms of examples the days of those big seas of desks at corporations that is probably over. companies made massive investment of this office real estate. that is a long-term effect this much coronavirus. very likely will change even when people finally come back to work, they might not come back to all the office space that big companies invested billions and billions of dollars. jackie: i hear you. it is sort of a seismic shift when you hear what is happening. we want a sense of normalcy to

hear people coming back to the office. this pandemic literally changed the way we do business. you have to wonder how it will shake out f you gain in one area, productivity, people working at home for those companies you're bringing up the idea of office space, retail, think of new york city and the amount of office space that we have here, those real estate investments what happens there? >> what you're going to see a continuation of a lot of those trends. one, jackie, the work from home and the other is automation. we'll see so many traditional retail jobs, although job numbers were very good for retailing and hiring, we'll commute see a lot of mixed jobs automated that will prompt as you said it more seismic shift the way we work and work in terms of going to actual job sites as well. the whole ground is shifting under our feet. jackie: it really is. all of this in the backdrop of uncertainty, right? the markets hate uncertainty the one thing they hate the most. we go into the fall with an

administration to use the numbers, we need to lock down or suggest it or tell people they need to stay home. we need to extend those benefits? i mean i don't know how far they would go. >> that is the issue. we talked about quite a few times. what really shocked the economy, jackie, wasn't the virus as terrible as the virus has been. it has been as you said government's response. you will have massive spikes in unemployment when you forcibly shut businesses and have dramatic labor shortages when you pay people not to work. that is buffeting the economy right now. jackie: the problem with the jobs number, shows it's a good number, show we're getting back to work, the job openings say there is lot more to to be desired. there is a lot of room to go. you're at the same time talking about wages, inflation. the wages will not come back down again i say with the prices at restaurants. some of that inflation is here to stay. >> well, in government causing it exactly for these reasons, jackie.

the printing of money, malinvestment much money, paying people to stay home, forcing small businesses all businesses to pay even more. minimum wage is the same thing. that is raising prices for the consumer as well. there is no such thing as a free lunch. i think the biden administration is trying to create it by spending money we don't have, printing that they can't spend off the bat. jackie: jonathan, think about what is happening in washington, talking about the infrastructure bill, looking at the market, one trillion is priced in here. the 3 1/2 trillion they want to go through with budget reconciliation they may not have the votes to do it. that is the first thing to think about but if they do, and that is a massive amount of spending, has that been priced into this market? i'm not so sure? >> jackie, you know, one trillion, three trillion, starting to talk about real money here, tremendous money. unfortunately at the center of it is a misunderstanding how wealth is created. it is not created by government spending. if you don't believe me, i have two words for you, chevy volt.

forget president biden. president biden tried this 10, 15 years ago, stimulus slowerred the recovery. that is why the obama recovery is the slowest in terms of economic history. that is the what i fear about. not that we'll fall off a cliff. that biden's stimulus will slow and retard the economy for decade and years to come. jackie: that is a serious problem and a problem this administration needs to think about seriously that could be its legacy. jonathan, always great to see you. >> thank you. jackie: coming up the senate voting to end the debate over the bipartisan infrastructure bill over the weekend. with we were just talking about that but what can we expect about the vote on the bill itself? well h we'll have a live report from capitol hill and reaction from kentucky congressman james comer. ♪.

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jackie: welcome back. hoped to finish over the weekend but we're learning the passage of bipartisan infrastructure bill could come later today.

chad pergram live from capitol hill latest where things stand right now. hi, chad. reporter: the bipartisan infrastructure bill is all but done. the question when will they actually pass that. we're hearing sometime in the middle of the night. the senate voted last night to overcome a filibuster on the bill. 18 republicans joined the all the democrats. gop senator bill hagerty is consuming all time before the vote. >> the dark of night the whole purpose was to obfuscate. this is a distraction what i think is chuck assume ear's bowl to light the fuse on a $3.5 trillion debt bomb right around the corner. reporter: ironically stretching this out, hagerty could compel the senate to vote two or 3:00 tomorrow morning on the bill. gop members who support the bill say there is confusion mixing this bill with the democrat as big infrastructure bill coming next. >> what this legislation does not do, the infrastructure investment and jobs act, is it

does not include the grab bag of massive new social spending that democrats included in their first package by finding a bipartisan solution here but we saved tax payers from a lot of additional spending that otherwise would have occurred. reporter: the bill spends $25 billion on airports. it will help reduce congestion in the air. no us airport ranks top 25 in the world. the bill spends 17 billion on ports. the white house says the u.s. encountered 22 extreme weather events last year alone. that costs $100 billion. the bill hardens physical infrastructure when it makes it resilient when to comes to flooding and violent weather. jackie. jackie: chad chad pergram thanks for that. let's get to republican hughes oversight committee ranking member james comer for reaction to all of this. congressman, good to see you. your thoughts passing this by you could argue the trillion dollars makes sense, it has

enough hard infrastructure to stimulate the country, but the 3 1/2 trillion which "the wall street journal" calling a anti-poverty climate plan, we call it humanitarian -- human infrastructure is not needed in a economy recovering right now. >> you mentioned stimulus. i don't think we need stimulus right now. the best role the government can play in the economy is to get out of the way to let the private sector do what it does best. the infrastructure bill is not good infrastructure bill. it is not good for rural america. it has too many regulations pertaining to backdoor green new deal legislation and then if you factor in the $3.5 trillion spending bill that will definitely follow this, this is unnecessary spending, unnecessary regulations. there is no pay-for in there. the democrats will have to significantly increase taxes which will do more harm for the economy than the actual infrastructure part would do to

the economy. this is a bad bill. i'm disappointed so many republicans in the senate have voted for it. jackie: nancy pelosi is giving the indication that you know, she is confident that they have the votes to be able to pass that budget reconciliation, to get the 3.5 trillion but there are others say nope, there might be some dems that will hold out on it. they don't even believe in it? >> yeah, i don't think nancy pelosi has the votes in the house right now. i think every republican member of the house of representatives is sticking in our opposition to this bill. so she has to make sure that she can only lose no less than four members in the house right now. and there are about six really moderate members and there are six progressives members. both sides are sticking to their guns. the moderates want less spending, less taxes. the progressives want more spending, more taxes. this will be a test of pelosi's leadership to see which side loses. either the moderates will lose

or the progressives will lose. pelosi has been able to pull it off before but today as we speak she does not have the votes to pass the massive spending bill i. jackie: i issue heading into the midterms. this would be the time for democrats to try to pass whatever they can with respect to this spending that they want because they know that the tide could be turning, sir? >> the tide is definitely turning. i've been out all across kentucky this week. i can tell you that a lot of the demographics that we didn't do as well with last election, particularly female voters, they're upset with virtual learning, they're upset with inflation, they're upset with the increase in crime. all three of those issues they blame squarely on the biden administration and democrat policies coming from schumer and pelosi. history is on our side in the midterm elections. with the bad policies coming out of the biden administration, i feel like the republicans will do very well in the midterms. jackie: just to go back to the one trillion we're talking

about, the trillion dollar infrastructure bipartisan bill, you're right. there is a certain amount of hard infrastructure there but even in that bill there was some environmental provisions and they sort of, you know, they branched out a little bit. why isn't that enough? >> you know that is the bad part of the bill, because if you talk about our ports we need to invest in our ports. i met with several people who are importers and exporters in kentucky this week, the reports are backed up five or six weeks now. what the democrats are wanting to do. they don't want to expand the ports to have more capacity. they want to build the ports where they comply with their green new deal legislation. jackie: right. >> that's a waste of money. it is not going to help the economy. jackie: that is at a time we're dealing with supply chain shortages and everything coming in to the ports to your point. that is already taking prices up. essentially taxing the consumer again. >> that's right. we talked to an importer this

week in murray kentucky, that said the logistical cost of shipping things into america now has gone up 800%. that is the container cost, the shipping fees. that is all a result of not having enough capacity in the ports but the democrats don't want to expand capacity. jackie: they want to make it greener. >> the environmental wing of the party. jackie: congressman, great to see you this afternoon. thank you so much for coming on. >> thanks for having me. jackie: coming up landlords across the country footing the bill for thousands of americans scrambling to pay their rent, money they fear they might never get back. one of those landlords feeling the squeeze joins us next. ♪. my retirement plan with voya keeps me moving forward... even after paying for this. love you, sweetheart

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jackie: president biden extending federal ban on evictions until october 3rd all they admitted the courts won't find this rule unconstitutional. the landlords are challenging the ruling say they footed bill for tens of thousands of money unpaid rent, much which they fear they will never get back. we have robert, a landlord. good afternoon to you. talk about your experience during the pandemic being the landlord, what the moratorium on evictions has done to you? >> it has costs tens of thousands of dollars one thing in uncollected and unpaid rents from tenants who in large part many are gaming the system. jackie: yeah. i was wondering what you were going to say. listen, people are out there experiencing hardship right now. i'm not discounting that fact but not everybody i'm sure taking advantage of the moratorium is specifically in that situation.

elaborate that based on your experience and interaction with the tenants? >> there are people who have certainly suffered, but i mean, you know, this has been going on forever and, you know this has to have an end at some point and just having a blanket ban on the rule of law is not the answer. i would also add the answer is not printing more government money and handing it out like candy. i don't know what the long-term solution is but what i'm worried about right now is the overstep the biden administration of in trying to continue to perpetuate this unlawful act. jackie: could potentially be unconstitutional. talk to me about the lawsuit against the hhs and what your attorneys are advising you, how they think they could, what they can do about it essentially? >> well we actually had a hearing about an hour ago with

judge friedrich in the district court in d.c. and shy should rule pretty quickly. i thought it was interesting during the hearing the government doesn't assert any new legal authority whatsoever, their words, not mine, and so that is baffling to me that if they know that they have no new legal authority and they're resting on what they had before and what they had before was shown by justice kavanaugh to have no legal authority it would seem the question is already answered. however we know things don't always work out that way. jackie: it would seem to me they're essentially you know, going out on a limb here, assuming that if nobody challenges them they will get away with it. >> exactly. i mean, i said that, right? look at what maxine waters said, who will stop them? look at what the biden administration said right before? it was, hey, let's put it out there.

by the time it works its way through the courts it will be a non-issue. to me that is gaming the system and definitely not something that you know, the highest office in the land should be doing in my opinion. jackie: it is gaming the system. when it comes to you, when it comes to the tenants, they claim hardship, they don't pay you. but i'm guessing the bank that holds your mortgage is not going to be as forgiving when it comes to you writing the check. if you don't write the mortgage payment you will be considered in debt? >> exactly. there is no moratorium on foreclosures. guess what, not just paying mortgage payment. remember we still have to pay taxes, we still have to pay insurance. we still have to maintain the property. tenants have not paid in a year. they call with a leaky toilet, guess what? jackie: you fix it. wow, we wish you good luck with this, and you know, hope that there is some resolution to it soon. it is difficult to be at a time during the pandemic where we feel like to an extent we're moving backwards and it is

wonderful to see you and hear your story. we'll follow up with you, robert >> thanks so much. jackie: thank you. sec chair gary gensler is ready to crack down on crypto. why history says, that will not be so easy. charlie gasparino will be here to explain. plus the ceo of raising canes is here. how his company is raising the stakes to keep his employees happy. jason, did you know geico could save you hundreds on car insurance and a whole lot more? cool. so what are you waiting for? mckayla maroney to get your frisbee off the roof? i'll get it. ♪ (upbeat music) ♪ ♪ ♪ whoa. here you go.

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new educational benefits to its employees. raising cain's ceo is here with us. aj, good afternoon to you. tell me what you're offering your employees and what this is all about? >> good afternoon, jackie. crewmembers and employees, we couldn't do anything we could do without them. we believe in showing our appreciation and sharing our success. this is nothing new. we have done this for over two decades now. we've done it for 25 years now, turning 25 years old on august 28th. we announced a great educational benefit program for all the crewmembers, all 40,000 of them including hourly crew members. they get two things. we have partnered with great universities and colleges like lsu, tulane, smu, many more to came. they get discounts at schools and colleges and on top of that we're offering reimbursement as they pursue their career whether that is with cane's or not. they're our crew. they create our success and we want to partner with them in

their journey. jackie: that is huge. >> it has been well-received. jackie: it is really impressive. i think that in this day and age people look to better themselves to grow within the company. you might start serving at one of your restaurants, end up in a managerial position and even on corporate side of things, but let me ask you, is the time you chose to do this right now as a result of the fact that you need to be more competitive to draw in high quality workers? >> a little bit, but more importantly it is the right thing to do to our crewmembers. it is something they have been working on. we have always believed in sharing our success. for example this year, as business is doing really well as you're hearing from all across various businesses we have shared our success with them. we have given over $13 million in bonuses and wage increases to all of our crewmembers, hourly crewmembers. this program, we have lots of new crewmembers, this is their first job for them.

so as they either pursue a career with us or with another company we want them to be -- this is of great value to them. so somewhat yes, the timing we quickly accelerated it but this is a program we've been working on for the last few years. jackie: i remember a long time ago when starbucks launched, we talked about the health benefits it was offering employees, employees that weren't even necessarily full time t was a big deal it, was revolutionary in a way, howard schultz was looking at these employers, investing in them, investing in their future and sort of the corporate responsibility mantra, that we treat our employees well as a customer and you come here being a patron here. do you think it does double duty, helps on both sides? >> absolutely. i couldn't agree with what you said before. sustainable way of growing a business. it is doing the right things, not only for your crewmembers but also in your communities. be a business, do the right

thing always, not just when someone is watching. do the right thing with an intention to grow the business and better the world foundation alley. that is why we're doing it. our crewmembers love it. you know, jackie, many of them pursue not only just education, later become restaurant leaders and restaurant partners with them. with that program we just announced so our crew members have an opportunity to become a restaurant partner with us, spend about 10 years doing that. they will have a network of over a million dollars net worth. that is another program we announced, frankly in the beginning of this pandemic in early 2020. that has attracted unbelievable talent because people want to be in a place where they are valued and respected. jackie: valued, respected, also financially rewarded. it sort of speaks to a bigger issue we're talking about in this country right now. people want to work hard. they want to know there is something there for them. aj, you're trying to do it at your level. we appreciate you coming on to tell us about it today. thank you. >> we appreciate you very much.

we're coming to new york by the way. we're opening there soon. jackie: i did read about that and i will be looking for it. i love chicken fingers. >> thank you very much. have a good day, we'll talk to you soon. take a look at oil prices, they are sliding because of worries about the delta variant in china. look at this, 66.49 is where crude is trading. jonathan hoenig is here joining me and gary b. smith is here to join the conversation. gary we'll start with you. this is not just an market phenomenon but has to do with the rise of delta cases rise and the concern is things will slow down as we head into the fall, the regular flu season. here we go again, instead of this being a 18 month phenomenon. maybe a two year kind of situation. your thoughts? >> jackie, you summed it up perfectly, when you said oh, my god, here we go again. remember oil prices slid, what,

maybe 30% from january of 20 down to march of 20. companies like exxon saw their price slide by an equal if not greater amount. is all, you're absolutely right, a reaction to, not so much the delta variant but the reaction to the delta variant. are we closing down again? is china going to severely contract? this is about an economic demand issue, oh, my gosh, if we do close down again, things could really get messy. jackie: you see the oil prices go lower, jonathan, some people say maybe that is a good thing right now because of the situation we're seeing at the gas pump with the average gas price for a gallon ever regular well over $3, up almost 50% from this time last year. that is definitely hurting consumers. i covered energy a long time and i tell you it goes up much faster than it comes down. >> that is exactly right,

jackie. we're looking at higher costs across the board for consumers. we're welcoming higher energy prices, from years covering this space, a double-edged sword, lower prices at gas pump a slowing economy writ large. jackie: that is the problem. >> some commodities have huge run-up. that is the fear right now gas prices fall. oil prices fall and stock prices can fall along with them. economy can slow. jackie: it is interesting, gary, not to get too marketing with you, some people come back on the show, they will push back on me, this is not about president biden's green agenda and what is coming down the pike and the fact that he shut down the keystone pipeline, no, this really all has to do with the coronavirus. that is what the fluctuations are. no, that is not true. it's a little bit of both of these. even when we get past the pandemic, you will not see energy prices fall drastically let's say. you will not see that. >> you're exactly right.

it's a little bit of both. one, part of the reaction to, are we going to shut down. but you make a good point. when these companies, we contracted so severely a year ago, they did not increase their capital expenditures. they did not build up capacity. so even if we don't shut down, there is just not a lot of capacity there, so you're having more demand for relatively fewer supply. to your point the prices won't come down as much as we would like them to. jackie: definitely have an issue there. always great to see you both. we'll watch crude oil very closely. >> thank you. jackie: mean time concerns are growing in afghanistan. this as the taliban ramps up the push across the country. we'll have a live report are coming up. new fears that our nation's ammunition shortage could be on the verge of getting worse. we have the details on that after the break.

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stay in the home and life you've built for years to come. call... to receive 50% off installation of your kohler walk-in bath. financing is available for qualified purchasers. jackie: three weeks away from the u.s. military withdrawal deadline and signs are already pointing to a total take over by the taliban when forces leave. lucas tomlinson is the at pentagon with more from us.

hi, lucas. reporter: jackie, a sign how the security situation is so dire in afghanistan the u.s. embassy in kabul says all americans citizens to get out as soon as possible. quote, the u.s. embassy urges u.s. citizens to leave afghanistan immediately given available commercial flight options. the embassy's ability to assist u.s. citizens in afghanistan is extremely limited even within kabul. the embassy said the u.s. government will offer a loan to pay for the flight. five cities, all provincial capital fell to the taliban last several days. one up north and four near iran. the u.s. air strikes are not happening jackie, the u.s. is providing limited air support in kandahar and helmond provinces and flights of 3-52 bombers and from bases in the middle east and qatar and u.a.e. those flights leave little time to overhead to conduct strikes.

the white house says the afghans to fend for themselves. >> the president said after 20 years they need to fend for themselves. that the afghans have the training equipment, numbers to prevail. now is the moment for leadership and will in face of taliban's aggression and violence. reporter: officials say there are no scenes that president biden will reverse course. jackie. jackie: thank you so much for that. meanwhile here at home, fears are rising that our nation's ammunition shortage could be on the verge of getting worse. lydia hu has the details for us. good afternoon, lydia? reporter: good afternoon, jackie. one of the concerns that practices at gun ranges like this one will happen less frequently which is a problem for new gun owners because they won't be able to get trained without adequate ammunition and for veteran gun owners to stay current. we are at rtsp. it's a gun store that says it ran out of ammunition twice last year and now they are working hard to make sure that it does

not happy again as we see restrictions being imposed for covid and also crime spiking across the country. they're importing ammunition to this store from overseas. >> where we normally would stockpile maybe for 30 or 60 days, i will never go into a situation like this again. we're putting away ammunition for a rainy day and you know, call it the perfect storm. let it be a hurricane sitting off the coast but if something were to happen again i don't want to be in that same situation. reporter: the fbi conducted a record 21 million background checks for gun sales last year, jackie. it is estimated that roughly 40% of the sales were for new gun owners. now sales for guns continue to soar, jackie, industry insiders say the demand for ammunition remains intense. stores across the country are doing everything they can to make sure they don't encounter a shortage like last year. jackie: lydia hu, thanks so much

for that. switching gears, the head of the sec, geir riff gensler wants to crack down on crypto. it may not be so easy for him to do. charlie gasparino has the details. charlie, you say case law may make it pretty tough. >> he will run into a little opposition from someone on the commission. hester purse, known as crypto mom is probably the lead sec commissioner involved in the crypto space. probably knows more about this business than anybody there and she is a republican appointee, one of two on the commission. you know, i spoke with her a little bit today. she kind of laid out some interesting factoids. she gets along pretty well with gary gensler. gensler, taught, lectured at mit about cryptocurrency. they have a common interest in this. but they do approach regulation a lot differently. you know, she wants some sort of framework, articulated, strongly, by the sec to the crypto business on how they

should operate, where, where the regulation begins and ends with the sec. some is not regulated by the sec. some is regulated by the cftc. you have to be a security to be regulated by the sec. lots of crypto. it bitcoin a, not a security. it's a currency. it doesn't have underlying value what you think it could do in the future. not like a bond represented by you know, the cash flow of the company. so, she would like some framework. she does say she has a good working relationship but again they remain at odds over regulation. if lester pierce has her way, she wants a self-regulatory approach regulating with crypto, down the pike given what gary gensler said. she disagrees with the blanket statement that the business is the wild west. yes, there are some wild west aspects to it. the whole business is not, it is

not just one big rip-off. as a matter of fact there is lot of innovation going on there and the blockchain technology is the currency of blockchain is something that may be very good in the future. it may be innovative how we transact business. you don't want overregulation essentially to stifle that. that would be her view. one interesting thing, she did say congress is working with own regulatory approaches and you know, they're meeting with people at the sec about this. so it is going to be an interesting couple of months. i don't think and she doesn't think anything is imminent. the reason why is so much is on gensler's agenda to begin with. he also has to make some key appointments. apparently there is not a lot of directors appointed in key spots that need to be working there, come up with some sort of a framework, particularly for legislation. the sec is going to recommend certain parts of regulation. so this is going to be an

evolution. over the next year, it is not coming anytime soon. i think the market is sensing that. jackie: okay. >> look at prices of bitcoin right now. they bounced, remember they started getting hammered a little last two weeks? they have been up. they are back up to 45,000. jackie: tease this out for me from an investor perspective f you're worried about regulation, that is why you sold, were not invested in any of the cryptos i would hear this report, say to myself, okay we've got more time before there is a crackdown before we get back into this thing? >> well you know, gensler is a wild card. even she would admit it if you put a gun to her head which i didn't do. he thinks, he knows what he knows. he is not a lawyer. she is. there are limits to what the sec could do. that doesn't mean he won't go on a wild goose chase. it is always, always possible he starts bringing cases or orders the enforcement division to go

up to the regulatory line or go beyond and deem certain types of crypto the purview of the sec because they are securities. remember security is stock, ownership of a company. what do you own when you buy a bitcoin? jackie: not really sure to be honest with you. charlie, we have a hard break. i do have to go. thank you so much for that. when we come back to mask or not to mask, the debate rages on should kids be forced to mask up when they return to school. ed to piro, lauren simonetti join me with their take. with one element securing portfolios, time after time. gold. agile and liquid. a proven protector. an ever-evolving enabler of bold decisions. an asset more relevant than ever before. gold. your strategic advantage.

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>> welcome back to cavuto "coast to coast" i'm jackie deangelis we have a busy hour ahead of us as a doctor except slightly lower, some of the stories were watching america's top doctor calling for kids to mask up in the classrooms but it's forcing 56 million kids to mask up, the best way to stop the spread is all-star parents panel with the take spirit airlines looking to recover after a week of travel for many passengers as a ceo is blaming for the boom in disruption that's coming up driver "coast to coast" could be facing higher cost as they hit the road thanks to the senate

massive infrastructure bill we explain the hidden fees you could see as you hit the highway. to our top story the delta variant ranging from "coast to coast" the u.s. averaging 100,000 new covid cases per day jonathan serrie has the very latest in atlanta. >> the delta variant is twice as contagious as original strain of coronavirus and it's causing concern as many school systems get ready to send kids back to physical classrooms here in the southeast many are reopened in school districts in the metro atlanta area are already reporting hundreds of cases of covid-19, although young people at low risk for complications from coping then older folks, the hospitalization numbers are increasing, more than 1400 kids in hospitals arkansas governor, republican said he now regrets signing a law in the spring that bans school districts and other local entities from imposing

mask mandates. >> whenever i sign that our cases were low we were hoping the whole thing was gone in terms of the virus but it back with the delta. >> officials say the best way to protect school children who are too young to get the shot is to surround them with people who are vaccinated. the nation's second-largest says it's now in favor of requiring educators to get vaccinated the biden administration says it will not mandate vaccines bound the federal workforce, doctor anthony fauci says you're likely to see more individual action once the fda gives full approval to vaccines. >> at that the case you will see the empowerment of local enterprises, mandates colleges, universities, places of business, a whole variety and i strongly support that.

>> dr. fauci says he can't predict when the fda will give the full approval. jackie: whether or not students should wear masks and classrooms, dr. fauci waited on that debate over the weekend. >> there is a problem with children using a considerable number of young children who are not only infected but seriously ill, it's no doubt about that in my mind, two things you do in children who are not vaccinated that is a recommendation, you surround them with those who can be vaccinated, whoever they are, teachers, personnel and the school, anyone in the schools, anybody should wear a mask whether or not your vaccinated we have to protect the children. jackie: were here to get reaction from her parents panel, "fox & friends" cohost and fox business lauren simonetti, i'm

get a start with you because two of your children are older and you have an eight -month-old will get to you in just a moment but your thoughts about masking up in getting back to school. >> drywall my children to wear masks, no, are they good at wearing masks. >> not all. >> are effective debatable. >> i think they should wear masks, yes, i do. >> depending on the age of the child some kids can be vaccinated and some cannot if you have a role as a your child is vaccinated and they don't have to wear a mask how do you police that kids like to do with other kids like to do a blanket solution might be a little bit better at least start the school year, until you get more adult vaccinated that's the solution of getting mask off the children. jackie: as a new parent and summative has to think about the. >> it's premature to put rihanna all-star parent panel. i defer to the moms on this, going more globally i think we

need to remember the masks need to be utilize improper situations, we saw a lot of instances where you saw kids on the playground in open air riding doing laps, playing chase the can or whatever kids play in full masks, that is not right you're going to hurt the kids lungs and heart if they trying to breathe through the masks. there's also the consideration of our the mass going to get filled with other germs that could potentially get the kids more sick, all of this is to be taken into consideration at the end of the day is vital i do a bunch of mom panels on my show where we interview moms and i interviewed three different moms and they had three different views of what they needed to do for the child and all needs to take into consideration. jackie: the solution seems to be make sure all the teachers are vaccinated if there in the classroom then they'll be protected should a child contract covid and the teacher has an issue than they would be considered a breakthrough case and it would not be that severe. >> that's where were headed you heard from randy weingarten saying teachers and educators

and staff must be vaccinated for the new school year, that is reassuring to me by kids are increasingly getting covid the other issue you have to look the other afterschool programs while you're making your kids sit for hours a day having anxiety or learning problems paying attention because they have the masks on, what about football or extracurricular activities are they having to mask up its in those situations because many cases they don't, it's kind of like what's the point you're masking up in schools but nowhere else when you're with the same people. >> your daughter is not going to play groups or classes but i'm sure you can weigh in. >> she's in daycare and the teachers on masks in your in there with a bunch of other eight, nine, ten -month-old, you cannot have a mask on a kid that small they will not keep it on, am iran. >> you can and i don't think they were effectively until the six or seven.

>> kids touching up with her hands in their mouth there is a risk but they'll have to be tested on the way and every day with a thermometer test, there is risk and everything and at the same time there's also an a very serious and to secure safe environment and they're more likely not to get covid there then they were if i have a kid in the school, the same kindergartner or first grader, there's a lot more kids and a lot more airflow and quite frankly the kids at that age are getting into more things. >> if you had the option like we head into the fall in a b flu season we know delta is spiking and somebody gave you the option and said you can keep your kids at home or choose to send them back and try with the masks and try to do in person, which would you choose. >> to feel that they suffered enough at home or lost time. >> i would never do home school or remote learning. i remember we did not start the school year where i live but one of the camps we were looking at they said if there is one covid

case, the entire camp will close and you can't get your money back will the zoom camp and i said zoom school gives me the goosebumps, fearful of that, it just doesn't work so clearly we didn't go to that camp i don't want to hear the word zoom again. >> everybody is over it, stay right there will get back to you in just a moment. the white house is extending the pause on student loan repayments through january. edward lawrence is live with of latest on the. >> the administration working to extend the emergency benefit in a wide range of areas, the government programs have expanded the reach of the government helping folks and unemployment insurance and rental properties as well as student loans that assume generation so to speak on student loans let's get a look at student loans the department of education said 90% of students who have taken loans

here are using the taken advantage of the forbearance program, the administration extended the program through january of 2022, the argument they're giving companies enough time to restart the loan process, the band extensions go way beyond the loan and the cdc announced a victim moratorium that goes from now till october 3 the supreme court has already said the cdc overstepped when they extended the original conviction moratorium and the president acknowledged it might not be legal but by the time the court gets to it it'll be in the fall nancy may says the white house has been misguided on this one on schools and other policies. >> we've been through this for the last year end a half and it's bizarre, the cdc became a property manager instituting unconstitutional eviction moratorium and this week the teachers unions i want to be at that epidemiologist and decide what the sign says and doesn't want to say. >> the white house has not

closed its door on extending unappointed benefits beyond what they are now, even the chairman of the federal reserve jay powell said that played a role to people stayed on the sidelines and not going back to work. jackie: thank you so much for that president biden exceeded the federal ban on evictions until october 3 and landlords feeling the pinch, listen to this. >> this is been going on forever and this has to have an indent some point and just having a blanket ban on the rule of law is not the answer and i want to add that the answer is not printing more government money and payment and out like candy. jackie: extending the eviction moratorium even though constitutional challenge, more positive the student loan repayment edward lawrence tuckett is not ruled out and we would extend unemployment benefits, when does it stop. >> i don't know when it stops the eviction moratorium i cannot get past that i can't wrap my

head around it for two reasons this is an essence of a government taking this is not allowed under the constitution and the other thing, this is the cdc this is not the irs or the military at the health organization that provides guidance coming into a contract between two private parties at landlord and the tenant i can't wrap my head around this i don't think the biden administration can either but they came to the progression of. >> i think they thought they would win if no one challenge them so these challenges are coming forward. i want to get your take when you think about the landlords, their part of the small business communities in many of these people are running their rental properties as a small business that to spend hit the most and the hardest and you keep got punching the more. >> was a big relief for them they have to pay the bank the mortgage and maintain the property and answer calls from tenants who are paying what they're supposed to be paying,

they are small businesses and many of them are struggling and they continue to struggle and we talked about when is his free stuff going to end and were heading into an election year i'm not sure it does because it's politically popular to hand out free everything. jackie: we are heading into the midterms and people like free things in the problem is when to give them free things it's hard to take that away. >> that's what reagan pointed out the late ronald reagan republicans will be hard-pressed to remove some of the social safety net,/government programs,/free money, whatever you want to call it because there will be some people that aren't hard-core conservatives that may be on the fence and say this group gave dave something, this group is not giving me, where our country as i have a tendency to think there's more those people then there are on the periphery of either party, to lawrence point this could be

trouble for republicans unless they make the argument that your kids and grandkids are going to be the ones that suffer they used to be that home. jackie: stock market i'm not sure it's priced. >> i know, stock market is right near record highs right now and a lot of people are saying how is that possible, it's free money from the federal reserve and they take that away, right now it's a hanging on and being supported pay someone else's money and they have to pull the band-aid off. the federal reserve and the freebies from the white house. >> jerome powell trying to do it under president trump it look like his hands was slapped by the president the mark as well so we saw how well that went nobody wants to be on the hook to deal the hard work. >> will be talk about covid the coronavirus is not going away so we need to learn to live with

the intent enough is enough you need to go back to work in the safest way possible. jackie: coming up on the shore democratic congresswoman cori bush not backing down to defend the police despite having their own security, will break down what calls like this could mean for democrats midterm in 2022. as a senate advances a 1 trillion-dollar infrastructure bill by lawmakers on both sides of the aisle are finding the alarm of inflation. ♪ well, geico's 85 years isn't just about time, you know. it means experience.

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♪ ♪ you said you have your security for departed the police could those comments into being hurtful to your fellow democrats politically speaking were still fighting the same fight were still fighting to stay black lives, when you're talking about every single year increasing the police in the budget for health and human services continuing to shrink when were adding more

money to the police but we're still dying. jackie: democratic congresswoman cori bush saying she isn't backing down from her defend the police message even if it occurs to democrats politically the hill editor-in-chief reaction to first to let somebody. >> this is something cori bush is a rising star in the democratic party it's unusual you have a bush and the democratic party moving up she has lobbied the white house effectively on the eviction policy and she's not backing down this is centrist democrats very nervous because she has allowed megaphone and she was used against democrat successfully in prior elections is something jim clyburn the number three democrat in the house he things defend the police movement and slogan is not wise politically and jackie you look at the new york mayors race in the democratic primary what was the number one issue, crime that's why democrats are nervous going into the midterm

of next are because republicans are going to be citing this. jackie: that's what i worry about she may have a big megaphone and some people may be buying into it but the hypocrisy is a problem saying if you want to say defend the police and you believe it then why do you need the budget for the private security, what are you so worried about. >> is not a great look in congresswoman bush, she is sticking to her guns as far as voting, there is a 2 billion-dollar bill that passed the house and the senate that increase capitol hill security after the january 6 bryant, only 11 members voted against it, bush was one of the because of her defend the police and other members of the squad voted against this popular bill including aoc as well. this is something that she is not backing off but a lot of other democrats don't want to be talking about defending the police. jackie: why don't they talk about reforming the police in some way i can envision or

imagine any scenario in this country where we don't have police anymore, why can't we acknowledge what happened and acknowledge history and say text some of the budget and reformat and make a better and try to move forward together in a safe way, what is so crazy about that. >> i agree even covering politics a long time it's one of the first political slogans, reforming the police obviously that is something most people agree with but defending the police and then you have to explain it because people of different rationales, that means you have a bad slogan and that's why most democrats are saying don't talk about it anymore. jackie: we see it in some of the cities hurt the most by defend the police for example in chicago, new york city where crime is rising and all of a sudden you have to refund the police, what did they think was going to happen if you look at pulling over the last 3 - 6 months you see the movement

black lives matter which is pushing the defend police not as popular as they used to be, you can have a debate on reforming the police in making sure you get the bad apples out of law enforcement but defunding you will lose a suburban voters that left the democratic party last time and last election but it made me nervous about the direction of the democratic party. jackie: city specifically crime is a huge issue for people who are still living in heaven fled the city and anyone considering tried to come back they want peace of mind and safe on the streets and out of one of the things that he has going for him as a candidate is the fact that he has a police background and he says he's going to toughen up on crime and clean up the streets again. >> the fact that adams won the primary in a blue city, that is significant in that shows the shift in public opinion that adams is able to win the

primary. >> it's interesting to see how this shakes out across the country the pandemic was one of the reasons we sell people leave blue states but there's other reasons high taxes and less quality, one of those being safety and security and were not to talk about chicago and new york city were talking about across the country to the west coast. >> that concern will continue into the election year of 2022. jackie: it was a rally cry for the trump campaign it was insignificant to move the needle in the last election but do you think it's also going to be an issue as we go into the midterm that some people change their view, defund is not the way to go. >> democratic leaders in the house and senate remember republicans are favored to win back the house the history and the senate is a jump ball but republicans can win back the house and the senate and that would be huge even if they win one to put pressure on oversight

of the biden administration, democrats are going to have to be disciplined with her message and the message in 2022 is not going to be defend the police but republicans will remind voters about. jackie: thank you so much for your time today. calls to defend the police is coming at chicago sees another weekend in violence a police officer killed in the line of duty her partner fighting for his life after a shootout on saturday night happened during a routine traffic stop gary tinney has the details. >> the wrist the officers face every day are real for two families one family is mourning the loss of a daughter and a sister and another is desperately praying for the life, this is after two officers were shot saturday night on the city's top side on a routine traffic stop her inner two partners were conducting the traffic stop when one of the passengers open fire hitting two

of the officers listen to the frantic dispatch call. >> officer down, officer down shots fired, officer down give me some units. >> officer was rushed to the hospital but ultimately died from a gunshot wound to the head she was 29 years old and joined the force three and half years ago her brother said she wanted to make a difference however, she could and she believe that therapy or social services can help people more than sending them to jail on sunday city leaders praised the work the police to say this is a stark example of the sacrifice they are willing to make on a daily basis to keep the rest of us safe. >> there are some who say that we do not do enough and we are

handcuffing them from doing their jobs. >> there's others that say that we do too much it's a constant strife and police are not our enemies. >> this past weekend alone 86 people were shot and 13 killed in chicago including ella french we were told whatever partners a six year veteran remains in critical condition and fighting for his life after being shot three times including once through his eye city leaders are asking folks to keep him in the french family in their prayers and all three suspects connected to saturday shooting are now in custody. jackie: thank you so much for that report we appreciate it meantime spirit airlines is looking to rebound from weather challenges and system outages and labor shortages in many travelers stranded were live at atlanta international airport

with the latest on that saga when we return ♪ ♪ that building you're trying to buy, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you see it. you want it. you ten-x it. it's that fast. if i could, i'd ten-x everything. like... uh... these salads. or these sandwiches... ten-x does the same thing, but with buildings. sweet. oh no, he wasn't... oh, actually... that looks pretty good. see it. want it. ten-x it. yum!

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>> it was sad we had four people and then they made us. jackie: spirit airlines looking to get back to normal as the company ceos blaming weather, staff, issues for the recent meltdown steve harrigan is live in atlanta's hartfield airport with the latest. >> things are moving in the right direction for spirit airlines last week is stretched around the corner moving pretty

steadily as of today spirit is canceling 4% of its flights that's better than 9% on sunday more than 40% on friday it's been a tremendous challenge for the florida budget airline they streamed thousands of people across the country in different cities over the past week there getting a lot of different causes including the weather and a shortage of crews, technology problems and increased flying during the pandemic the ceo says he realizes there's definitely a lot of angry people but he also says he hopes to win them back for loyalty to spirit airlines as part of that there giving cash refunds for people who have been affected by the cancellations as well as $50 vouchers to buy spirit in the future. jackie: thank you so much to that let's get reaction from our panel in lauren simonetti, i'll start with you we were just having a conversation off-line

and i won't say who said what the spirit was in trouble before this happened as far as service goes. >> i'm glad they're given the cash refund because you need cash for everything that you do on the spirit flight in order for them to keep the fares low they can only charge you for so many things and one of the things that they don't have as multiple flights a day to the same city or arrangement of other carriers should there be disruption we can't get booked on a partner airline that's one of the risks that you take in spirit airlines offers. >> there down to 4% and sounds better than some of the numbers steve was talking about over the weekend but it still does not sound good to me. >> would been doing the story about spirit since last week i've done it multiple times and it's déjà vu was so concerning you done hurricane coverage were major airlines responded better following a major hurricane and they got in their system back online, this is a perfect storm

no pun intended but with concern is the weather there is always going to be a problem somewhere in the country, whether this time, you can do that 365 days of the year what i take away being on a business channel is the staffing nobody can hire in a business like spirit that is going to hurt. jackie: instantly as if you think about the hurricane scenarios jetblue has been in the hot seat and they try to make it up to the customers and they do get customers back and people forgive them in time but it seems like the spirit comments i been reading and hearing the people are angry this is beyond coming back. jackie: it's a hassle to fly that's an understatement and people are very forgiving during the pandemic because we were so excited to get out and about again and we felt bad for the workers and all of a sudden that changes at a certain point when

it becomes where you don't like the way in airline is handling a certain issue i've taken one fight in the past year end a half and my flight was delayed because they didn't have the plane but i have to give a shout out to the airlines it was very clear the entire time, we do have a crew they were laying out all the issues and telling us exactly and i appreciated that. jackie: i want to switch gears this is another interesting story a growing number of hollywood stars are fleeing california for texas, are you surprised. >> california specifically l.a. was rough from a traffic perspective from the earthquakes to an overcrowding if you're looking to raise a family and want to get out of the bubble austin is an interesting place, my concern we always talk about in the circumstances are they going to bring the hollywood liberal policies to conservative state. and austin, texas is definitely gone that way over the course of

five to seven years, lawrence jones on "fox & friends" talking about all the time, austin, texas is a much different place than it was a few years ago. >> it's something to think about the pandemic that accelerated these people that don't have state income tax do they bring their blue votes with the do those states become more purple. >> texas is becoming more purple because austin is a very blue city and it's getting increasingly more blue when you look at the outflows of states san francisco, los angeles and san jose were the biggest city where people are leaving so the policies continue. it loses its five. jackie: were popular places for people to go, the people have left new york for florida but they were blue stators that could not have a hearing couldn't pay the taxes now they go down there and they vote for

biden. jackie: don't discount this other part is the concept of hollywood love and how you should have your taxes raised so we can pay for the social event hollywood actors and people not business or masters at avoiding taxes they have corporations when you hire actor ask you not paying the repaying the company and they way taxes which is another way for them to avoid estate taxes on surprises haven't happened sooner because they know how to avoid taxes and they get caught up in the irs and they do it willy-nilly. jackie: will leave it on willy-nilly, good to see that. great to be with you in person. straight ahead as the senate moves closer to a vote on the one trying another infrastructure bill we break down by the next step in spending can mean higher prices for consumers "coast to coast" and private jet service taking off admit a boom in air travel demand we talk to the ceo of how his business is booming coming on next.

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jackie: all eyes on capitol hill is a trillion dollar infrastructure bill could pass as early as today but lawmakers on both sides raising concerns that more spending could mean a surge in inflation hillary vaughn live on capitol hill with the latest. >> bipartisan concern on capitol hill with a bipartisan infrastructure bill in the billions that it can potentially be adding to the debt. >> is putting a lot of pressure on members in the house who are in the swing districts hearing from their constituents and same way i am in tennessee but this was far too big and there's not

enough infrastructure. jackie: the build was introduced to 3.5 human infrastructure package like universal pre-k and community college in a pathway to citizenship all of this was 0 gop support senator manchin he was undecided on the total price tag of the budget bill has his eye on rising inflation jerome powell, our monitoring response met when our economy suffered the equipment of a heart attack and now it's time to ensure we don't over prescribe the patient my further constituents are saying they dropped the budget resolution, members of congress with a detailed scope on spending levels and revenue these are crucial particular given the combined threat of

rising inflation and national debt, even though bernie sanders introduces budget reconciliation that would total $3.5 trillion, congress is running out of time to raise the debt and the government is running out of money treasury secretary janet yellen said there will be you repairable harms if congress does not act, a lot of plans spending but the running out of money essentially to spend. >> thank you so much for breaking that down for us meanwhile andrew cuomo crisis is deepening, a top aide to the governor now resigning as governor cuomo faces impeachment over the sexual harassment charges fox news correspondent brian llenas live in albany. >> hi jackie, the status of the judiciary committee is wrapping up what is been a four hour behind closed doors meeting about the impeachment investigation and what the next steps are to move forward with impeachment proceedings and this

is what they say about the timeline were talking about we will discuss the evidence in the open and transparent manner once the investigation was completed or very close to completion. >> that investigation has been going on for five months this is executive assistant number one britney who works in the governor's office spoke on her first tv interview about how cuomo groped her twice and sexually harassed her. >> he put his hand on my boss and touched over my bra i remember looking down and seeing his hand which is a large hand thinking to myself oh my god i know the truth, he knows the

truth, i know what happened and so dizzy brittany commisso file the complete with albany sheriff's department and she says she believes cuomo broke the law and he should be held accountable. the sheriff said the criminal investigation could lead to a misdemeanor rest of the governor and this is cuomo's top aide melissa derosa resigned last night she was mentioned 187 times in the attorney general's report, she's been accused of leading as retaliatory attacks as cuomo's accusers, the new york times reports melissa derosa resigned after she determined he never had a path to stay in office and she said she would no longer be willing to publicly defend him. meantime roberta kaplan an attorney for the mutual organization times up has

resigned in the human rights campaign in lgbtq+ organization is conducting its own independent investigation into the president alfonso david both of them are accused of helping cuomo staff and a retaliate against some of his accusers. jackie: thank you troubles for the governor mounting will bring you all the details as they become available. driving cost of behind the wheel we will break down the potential mileage tax that can charge you for hitting the road. we may come back.

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so that everyone can enjoy the freedom of swimming. like the athletes competing in tokyo, these entrepreneurs have a fierce work ethic and drive to achieve - to change the game and inspire the team of tomorrow. jackie: hidden fees within the infrastructure bill under deal located cost americans more than they realize with a provision to allow research into a federal mileage tax grady trimble live in chicago with the details. >> here in illinois already one of the highest gas taxes in the country and now there's talk of another tax on every mile you drive the infrastructure bill does include $125 million to look into the feasibility of mileage taxes at the local state and federal levels as more and more people drive electric vehicles and therefore don't pay the gas tax, the national motors

association tells us on my list enter mileage tax would burden americans especially if it's in addition to gas taxes although whether it would be is still unclear also privacy concerns how does the government track the miles that you drive former congressman sean duffy tells fox business he opposes the mileage tax. >> if you live where i live in wisconsin or minnesota, michigan, wyoming we drive a lot there's not much were distressed in africa to go to work we might drive 30 or 40 miles into town, this is attacks on rural america. >> president biden has promised not to raise taxes on americans making less than $400,000 per year hillary vaughn asked the white house about this and they said there's nothing in the bill that is counter to the president's pledge, the administration will evaluate all including all bills relevant to the pilot program against the

$400,000 pledge, of course anytime there is talk of new taxes, it's concerning to people and in this case drivers in states like pennsylvania and illinois in california who pay a lot and gas taxes this can be piled on top of it. jackie: the early raised our taxes that's called inflation, thank you so much for that report. a demand for air travel is soaring once again many passengers looking to avoid crowded planes and looking to private jet services like my next guest offers let's bring in tom smith, good afternoon. >> i'm great good afternoon. >> let's talk about this is a demand issue because of the pandemic if you can afford it certainly a nice way to travel and it's safer giving the a virus right now in the conditions and with adults of area as well. >> absolutely we were one of the first implement testing for our members and as you can see

behind me are aircraft authority from social distancing and members do that on their own suffer something affordable for 450 - $480 were connecting southern california, northern california to las vegas, the phoenix area and were really excited to be partnering to launch our san francisco and l.a. connections and it's really interesting and super and portable to not spend tens of thousands of dollars with the experience. jackie: my jaw dropped when it came to pricing, when you're talking about and see on that plane is essentially less than a coach seat on a commercial plane, how does that happen and how does the prices drop? >> were a membership-based organization we have thousands of members that pay hundred dollars a month and because their buying one seat the

agreement they can have other members joined the weather your first or last will and put 15 - 17 people on the aircraft but normally they were carrying 50 or 60 and being able to do that 450 - $480 was great and by connecting the coast it's more 3801 way from l.a. to new york but obviously you're still flying private then having to sit on aircraft and have a middle seat. >> if you're a frequent traveler makes a lot of sense even paying the monthly fee to have that service and to be able to have that piece of mind, how have your numbers increased, what do stouts look like right now. >> obviously we've had flights when covid picks up, we had a huge increase we've been down to 20000 fights of the last 18 months in our members, we have a lot of people that it's too hard to believe that we can actually do this when they fly and they tell their friends we seen a steady increase in set records every month with more members

joining we've been able to increase our fleets and add new york and l.a. and san francisco, it's something that's really exciting. jackie: thank you so much the pictures look beautiful it's incredible service deathly something to think about, we appreciate your time. >> thank you so much. jackie: the dow and s&p 500 to snap a two day win streak as rise in covid cases way on investors with slight gains today. more cavuto "coast to coast" when we return. ♪

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jackie: florida's effort to ban vaccine passports facing a major blow. a federal judge allowing norwegian cruise lines to demand that passengers show with it written proof of coronavirus vaccinations before they board ship. as norwegian is set to offer crewses from florida to caribbean starting august 15th. with that i send it over to my friend charles payne. charles: happy monday, jackie. thank you very much. good afternoon, everyone, i'm charles payne. this is making money. well the market is showing resilience despite being a lot of issues from almost all sides. you have got the delta variant. you cannot ignore that anymore. there is always concerns about the fed tapering, now sooner rather than later. with is up by the way with this "flash crash" this morning and plunging oil prices? what does it mean for the economy, what does it mean for your portfolio. we have pel