tv Cavuto Coast to Coast FOX Business August 12, 2021 12:00pm-2:00pm EDT
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craftsmen. i can't define the difference. >> lauren: craftsmen has a porch usually covering over the porch. colonial, one living room and dining room. correct me if i'm wrong. stuart: send us a video, emails us too, @varney viewers @foxbusiness.com. keep them coming. tomorrow you might be on the air. neil, it is yours. neil: stuart, thank you very much. we're down about 100 points right now. we're looking at couple hundred other developments. the back and forth whether the vaccine thing is worth the hoopla it is getting, efficacy rates coming into question how they deal with the delta variant. we'll get into that. we'll talk to purdue university president mitch daniels how he is dealing with inflation running rampant across this country right now. also the delta variant and kids returning to school. what he is requiring or not
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requirings. he is coming up. meantime edward lawrence on those pesky prices that keep running up at the wholesale level now in the latest report but you already see it in the grocery store and almost any store you go to these days. edward at the white house. ed? reporter: neil, we got new inflation numbers, the numbers that the consumer, manufacturer sees for their products that was up with 1% month over month and companies are seeing year-over-year it is up 7.8% for the stuff they use to make the products that they sell to us. so eventually that shows there maybe even more companies will pass that cost on to all of us. this is on top of the inflation numbers from yesterday. senior white house official still telling me they think it will settle out, shake out once the supply chain issues settle down but look at some of these breakouts. food prices up 3.4% years over year. clothing prices up 4.2%. alcoholic beverages up 2.4%. so let's dig deeper now into
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that food side. you try to buy some eggs, meat, poultry, fish, up 5.9% that. is how much more you will be paying for fruits and vegetables 2.2% more. dairy products, 1.8% more. new fox poll says 70% of registered voters are concerned about grocery prices. it is adversely affecting them. 67% concerned about gas prices. the white house putting a positive spin on the month over month numbers, listen. >> so over the last couple of months we actually saw it trended downward over the last three months. that is and encouraging sign. we also continue to believe that as the economy turns back on and as people, as businesses are starting to move, as the demand starts to change in the economy that there will be transitory impacts in, as it relates to inflation. reporter: but consumers are seeing that in their bottom lines. senator ron johnson says the
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president is following a pattern like putting the vice president in charge of the border and fixing nothing. >> he puts vice president harris in charge of not fixing that mess. i think the same thing here with the fed chairman powell. we'll blame chairman powell if inflation gets out of control because of my budget, because of my six, seven $7 trillion of deficit spending. reporter: by the way the white house saying that more spending will help settle inflation down. depends who you ask. back to you. neil: it does depend who you ask. edward, thank you very, very much. susan li following the other big story today, the vaccine mandates all of this at a time we're learning at least some of those vaccines might not be as effective we once thought on the delta variant. having said all of that the mandates keep coming and coming. susan, what do you got? reporter: neil a growing list of companies delaying return to the offices. local and state governments
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demanding vaccinations and companies as well. california we know the first state in the nation to mandate teachers, other school employees to get vaccinated or they face regular testing. they have until october 15th to comply. this is similar to california's order that all health care workers also get vaccinated. companies are doing the same. we have the new york stock exchange demanding vaccinationings if you want access to the iconic trading floor you have until september the 13th, the stocks exchange exemptions will be granted for medical or religion reasons but you will be tested. mcdonald's return to the corporate office is delayed by a month. looking to october 11th. you have to get vaccinated by the end of september already. this only applies to corporate staff. it does not apply to mcdonald's level workers. but amtrak says that all staff have to get vaccinated or you face weekly testing. now amtrak's ceo says all
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employees will have to be fully vaccinated by november the 1st. finally nbc universal they had been planning a big return to the office right after labor day but now that is being moved and shifted to a date that is october 18th they say at the earliest. but fully vaccinated staff can return to the office voluntarily before then, however, all u.s. staff at nbc, neil, will need to get vaccinated when that return to office happens. so you have a few months or so, really a few weeks. neil: think about it, no time at all. susan li, thank you very, very much for that. a lot of kids, including my own returning to college very, very soon. the rules, recommendations are varied as number of colleges we have in this country. over at purdue university, the message is that they would like you to get vaccinated. they don't want to order you to do that. but for students and staff, mitch daniels, the guy who runs the university and former indiana governor, former omb
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director is saying we had it our way we strongly recommend it but we'll not order you to do so. governor, very good to have you. what kind of response are you getting to this policy for returning students, staff, faculty, et cetera? >> first, neil, can i say you look a little different. i'm not making this up. ordinarily at this time i'm looking at you from the weight room or treadmill. i enjoy your show. i'm stationary right now. it feels different. the, i would say we, we were fortunate last year to be i believe the most open university our size in the country, that only happened because of a tremendous collaborative collective effort by faculty, staff and specifically students. i hope for that when, when the students return starting this weekend. you described our policy accurately. we have said it is your choice. we are encouraging vaccination every way we can.
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yes the new variant is a, is a new and serious problem but we do know that those vaccinated far less likely to get it, far less likely to spread it, almost certainly will not have a very severe illness themselves. we're still encouraging it and enabling it but like some of those other employers you talked about, we offer the pathway of weekly testing for those who choose not to take advantage of our suggestion right now. neil: governor, what about mask requirements, do you have them, what will the policy be for that? >> yeah. you know one reality, i've been seeing coming now for many months, neil, is last year was very hard in an environment like ours when thousands of people coming together in close spaces, sometimes hundreds at a time, hundreds of times a day, it was hard but it was straightforward and simple. we all knew we had to do
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everything we possibly could and we did. this year when things are much better, they're more complicated, masks is a good example. for now we have decided very reluctantly indoor masking and we're going to just watch for the first two or three weeks and see how things are going. no one would be happier than i if we were able to lift that requirement but our, i keep stressing to everyone in our community, keep can make their own choices and about their other than personal health and they should be ready to accept any consequences but one responsibility we all share is to keep this place open so that no student's education is interrupted or impeded. so we're going to have to ask people to do things none much us like doing, at least temporarily. neil: you know, governor, reason i talked to anthony fauci, white house medical advisor on this who was fearing that it is nesterrable in his eyes, hopes
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it doesn't happen, we'll see a spike in cases in the fall with people returning to in-person work, delayed classes, all of that. are you prepared for that at purdue, maybe in indiana, the state as a whole? >> we think we're prepared. our vaccination rates, by the way unlike many places we are requiring proof of it. so we actually know what the, who is vaccinated and in our residential halls for example, they passed 80%. we know beyond that there is some natural immunity out there. so we think it is likely that we will have cases, yes, but that it will be manageable but we're prepared as we were last year with hundreds of quarantine rooms available, testing tracing program, if and when people get it, we hope to find that quickly, set them aside until they're well, so they don't spread it to others. there will be fewer others to
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spread it to thanks to vaccination and prior infections. neil: as former office of management and budget director i'm sure your eyes were popping on this latest 3 1/2 trillion dollar so-called human infrastructure package on heels of a little more than a trillion dollar infrastructure-only package. inflation has been picking up steam as you know, governor. are those two linked? >> of course. you know i've been very worried about inflation, even in the circumstance we're in now. i hope that the white house in their denial of the possibility of serious problem, i hope they're right because inflation is a regressive tax. it's, it's very unfair to savers and to very dangerous to the future economy but you know when you flood the demand side of the
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economy with printed money, you suppress the supply side by incentivizing people not to go back to work, i don't know what else, what other reaction you would expect and if you put another 3 1/2 trillion dollars of debt and printed money into this economy, let's just say, it will not have the effect of dampening inflation. neil: you know, governor, on the infrastructure only package 19 republican senators followed mitch mcconnell voted for that. they said to a man or woman they will do the same about the 3 1/2 trillion dollar package but what is amazing about those 19 republicans they weathered threats from president trump they were disservicing the country and leader mcconnell
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that they were leading down a path towards dangerous path. what do you make of that? >> i won't comment on the politics. i will say of all the spending that congress engages in, is talking about, a real good case can be made for genuine infrastructure. we see almost comical ways in which people try to stretch that term to cover things that has nothing to do with it but if spent on meat and potatoes, the backbone ever the economy, this is an appropriate role for government. here in indiana we set all sorts of records. our state infrastructure gets voted number one in america each year recently. we believe in that, but you do have to have discipline that any money taxed or borrowed actually gets unvested in long term, investments only. and hopefully in those that have the most to do with catalyzing
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and triggering other economic growth. so this package certainly has elements of that. i don't doubt it has a lot of fluff and waste beyond that and i will make no comment beyond what we already discussed about the trillions that people want to undertake next. neil: very quickly you know you've been a governor. you know what's that like. you know what the florida governor desantis is dealing with now with saying all the school systems, localities that try to overrule his, you know, refusal to impose a mask mandate, they want to decide for themselves, how do you feel about that? >> i'm not in a position to judge. one thing we have learned i think is that this is a national problem but it is highly localized, very different from place to place, even institution to institution. as i said we're a very different kind of enterprise from most
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businesses, even from k-12 schools so having wrestled with these problems now for what a year-and-a-half i tend to be pretty charitable and try to be understanding about people trying to address the circumstances that are right in front of them. the other thing i will say is that i think we learned that absolutist policies, one-dimensional policies, lockdowns, so forth were a catastrophic mistake. while honest people can differ about the balancing of interests, it is essential that people in positions of responsibility do that and not hide behind any so-called expert and simply look at this through one lens, creating huge collateral damage elsewhere as they do it. neil: governor, good luck with the start of the school year. mitch daniels, former omb governor, indiana governor, purdue university president,
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regarded as one of the country's best administrators of any college anywhere. we have a lot coming up for you. the governor said the notion that florida governor is at war with his own party and some mayors in his party over this mask mandate. he is insisting that their push at various locales to do the masking themselves and recommending the masking themselves is a mistake. i want you to meet the florida mayor who is challenging his own party governor on this crucial issue after this. ♪.
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this. no major damage from wind and storm surge. we're talking about a lot of rain. in some cases 8-inches or so. that will certainly cause localized flooding. this is the where the storm is north of southeast coast of cuba. overnight it continued its track to travel over hispaniola. as it did it broke down the structure a lot. when you look at the satellite picture, that is where all the action is. all the action is displaced to the east and north of this storm. we don't have any big thunderstorms right around the center. that said when you look at the visible satellite you get this idea of this general circulation here of the storm. again none of those storms right at the center of the storm, at the center of the tropical depression. we don't have any of the big thunderstorms. so that's a good sign in the short term that we don't have any immediate strengthening that said, it will move really over warm waters as it moves through the straits of florida and
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eventually towards key west. that warm water, because the storm stayed enough intact as it travels over hispaniola we'll see a strengthening storm over the next 48 hours or so these are the tropical models, pulling them to the west side of the coast of florida, not the east side. that said the east side will get a lot of rain. some spots on the east side may push to six to seven inches of rain. that will cause localized flooding from miami to fort lauderdale to boca as well. you get the idea. here is the future radar tomorrow night. the storm looking much more organized again before it gets to south florida. it is late to friday night into saturday morning we'll see rain in parts of south florida. it will take the weekend, traverses west goings of florida the center of the storm that it, making landfall around the big bend of florida. maybe around the pensacola, panama city area. maybe 60-milish an hour storm
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that is the sustained winds. one last thing i want to talk about, neil, once the storm moves inland, it will move into the north georgia mountains, into the mountains of south carolina, north carolina, southern appalachians. we'll talk there potentially five or 6:00-inches of rain falling quickly. we could talk about significant inland flooding there as well. neil. neil: rick, got it. thank you very much for that. there is another storm brewing or potentially in florida having nothing to do with mother nature but everything to do with this mask mandate about which the governor wants zero to do with. a numb i about much localities including those run by republicans concerns that the governor's stance offers them very little wiggle room. we'll talk about miami mayor republican who is defying the anti-mandate position of the governor. ahead of that to phil keating how other various districts and municipalities are handling all
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of this. phil? reporter: neil, right now florida is just smashing into new daily covid records not only for new infections that are detected but also for hospitalizations. the new daily case record in florida is now nearly 25,000 people diagnosed. that was reported on wednesday. as a result a surge for testing has also begun once again after several months of a lull, while the demand for vaccines, not even close to what you're seeing here, much shorter lines. about half the state is vaccinated, half the state not. a leading concern right now is children going to the hospital with covid infections as schools resume of course. florida pediatricians reporting a spike in kid cases. at joe dimaggio children's hospital in hollywood from 20 kids in june to 200 in july and 160 so far this month. >> most of these children are coming to the emergency department. most are not sick enough to come into the hospital. however those that are admitted
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are sicker than what we've seen before and many are requiring care in our intensive care units. reporter: and some schools are now open in florida, others preparing to open in the next two weeks the debate over whether to mandate children wearing masks simply will not let up. monroe county and the keys will mandate masks for at least the first would weeks. they started today. in miami yesterday, the school district had a committee meeting but it won't decide on the mask mandate issue until next week. tuesday afternoon broward county schools, the sixth largest in the country voted to require masks for kids, teachers, staffs, without the option of opting out. florida's education secretary is now threatening sanctions on broward like salaries, giving broward schools until friday to decide to reverse itself on parental choice to not mask. republican governor ron desantis issued an executive order banning mask mandates unless parents could make the call, not
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the government. u.s. health and human services reports more than 15,000 new covid hospitalizations in florida on wednesday. that is another record for the 11th straight day. as you can see the lunchtime crowd behind me here getting their nostrils swabbed. they want to know are they positive or are they negative. all of the hospitalizations in the state because of covid right now, 28% of all hospital bed occupancies. neil? neil: phil keating, thank you for that. we told you about how this is riling a lot of the states governors, i'm sorry mayors and those who run the various municipalities thinking about this decision on mask whether they're required or not that is theirs, not the governor. the governor obviously feels differently. it is even causing a divide within the republican party in the state. francis suarez, the republican mayor of miami, among those challenging the governor on this
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issue. mayor, your view is what? if you want institute a mask mandate which i believe you do for schools, that's your call in the miami area, not the governor's, right? >> yeah. you know my view has been pretty consistent throughout this entire pandemic which is the local governments, local school boards, local towns should be ones making these kinds of decisions. to be honest the governor supported that at the beginning of the pandemic. he was extremely supportive. he actually came to miami. i remember once we had a roundtable said to follow local rules. to mask, wear masks. he was supportive of local rules. supportive of masking at the beginning of the pandemic. what we're seeing precisely what you were saying. our hospitalizations are up 40%. percent positivity is up 1000 percent where it was at 4%. 14%. new hospital admissions is up 20%. we don't know how long this will last but local governments should have the ability to do
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what they need to do to protect their citizens. i have 43-year-old, one of my best friends from high school, in intensive care, didn't vaccinate, unfortunately what we're seeing 90, 95% of the people you know, who are not vaccinated are the ones being hospitalized. it is a pandemic of the unvaccinated. i understand people are frustrated. they feel their politicians are acting like doctors, the doctors are acting like politicians. truth of matter, don't take my word for it. talk to the local doctor. get advice from the local doctor to get vaccinated to protect yourself and your family. neil: you know, mayor, new infections are running at a fairly alarming rate in florida, i believe 20,000 or more each day. what do you think contributed to this? because the positive's position has been, telling people to mask up isn't going to change that. >> i mean we've broken the record i think three or four times in the last week. you know, and look, i have
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spoken to the governor about this before. the perspective that i have, i shared with him in the past, i certainly want to be helpful to him, you know is, is that you know, i've demonstrated situations where we did a mask mandate earlier we saw 90% drop in cases. that is nine, zero. we went from a time having 3500 cases per day to having 350 cases per day, 90% drop. you have to understand this, neil, we're breaking records and we're not even testing anywhere near what we were testing before. there isn't testing capability. imagine if we were testing at levels we were, i'm sure a lot of people getting it not even diagnosed. so the good news is, if you have the vaccine there is a 99% chance that you will not suffer a severe complications and i think those are the kinds of statistics we need to put out there. let people talk to the local doctors. don't take my word from it. don't take any politician's word from it. get advice from the local doctor
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who you trust to make these kinds of medical decisions. neil: you can understand some of their frustration, right, mayor? especially those who have been vaccinated, now being lumped in with the same treatment as the unvaccinated. they wonder why should i bother in an environment like this? what do you tell them? >> let me be clear. let me be clear what our policy is in the city. in the city as employee you have to wear mask unless you're vaccinate. if you're vaccinated, i'm vaccinated i don't have to wear a mask. our policy in the city you have to wear a mask if you're an employee unless you're vaccinated. i do understand people's frustration on that -- neil: mayor, vaccinations for students and teachers, all of that would still go into effect this school year regardless of your vaccination status. >> well, that is a separate issue because the school board is not controlled by the city.
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the school board is controlled bit superintendent and by its own elected officials but i think again the superintendent is not a political person. someone who is named by the school board and is someone who should be making decisions based on science, nothing else. that is what we should open for. neil: got it. mayor francis suarez, good seeing you. >> good seeing you, too, neil, republican mayor of miami. we'll watch this back and forth and we'll see where it goes. just as we're wrapping up, san francisco will become the second city after new york to demand proof of vaccination for all indoor activities, including restaurants, bars, theaters. following new york on this idea no matter what, you better bring proof you have been vaccinated in san francisco. they want full vaccinations, that you got at least in the case of the vaccines available, both shots, not just one shot.
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♪. reporter: welcome back to "coast to coast." i'm gerri willis. a covid-19 booster shot for people with compromised immune systems is expected to be authorized by the fda in short order. a spokesperson telling fox business this, the fda is closely monitoring data as it becomes available. the agency along with the cdc is evaluating potential options on this issue and will share information in the near future. the group says some people like those with organ transplants have difficulty building resistance to covid-19. listen. >> people that are extremely immunosuppressed who we know the current regimen of vaccines are not very effective. only half of them respond effectively.
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these people, immunosuppressed people appear to benefit from a third dose. >> what about the rest of us? so far the fda and cdr are not moving to recommend third shots for bees sisters even though the efficacy of shots diminishes over time. one study the white house is focused on, effectiveness of pfizer shot fell to 42% in july even as of delta variant was spreading across the country. the protections against serious illness they say remain strong. send it back to you, neil, getting a booster to everybody may not be the best idea. the doctor telling us inoculating everyone is more important for boosters to prevent new variants from sweeping the nation. neil? neil: got it. gerri willis, thank you very, very much. we told you at the outset of the broadcast here a lot of companies are pushing back the
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in-person return to work. among them, i'm trying to keep tabs of it here, nbc, mcdonald's, amazon, wells fargo, coca-cola, amazon on and on. the u.s. health department is calling for covid shots for its 25,000 workers. let's get the read on this from luke lloyd, strategic wealth partners investment strategist. luke, it is always great to have you on to make sense of this and all because the more companies that do that, you could make the argument, more of this puts off the full effect. we assume the positive one, of the reopening of america after all of this. what do you think? >> yeah. so, here's the thing, neil. over the past year with the work from home trend, for the most part big companies have been doing just fine. they typically have less over head. they needless office space. they buy fewer supplies, which gives them higher margins. gives them a morse national reach to find the best talent out there. look at google, there is new
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story how they are able to pay employees 15 to 20% less working from home because the cost of living is cheaper in those areas that will help the bottom line for google. the neil, the problem it hurts small companies the most. just think about it for example. these small companies have to invest the work from home infrastructure, new technologies, cloud computing, all the stuff is expensive for small businesses, so it crushes small businesses margins, right? the other thing, these employees, they're choosing to work for larger companies because most work at home jobs are for larger companies and not smaller businesses. another example how small business gets crushed over the past year-and-a-half. every time i'm driving home, neil, i see hiring signs in front of all the small businesses. they haven't been filled in the past six months. neil: it is interesting what you say how this gives an edge to bigger companies.
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you're quite right about that. i'm wondering in the aggregate, all the business going on in america, this great coming out party the market is certainly celebrating, i'm beginning to wonder whether the markets got ahead of their skis here? that this is going to be more of a bumpy ride than we anticipated? not just talking about spikes in cases, concern how potent they are with the delta variant, just pace of this thing, that it might slow improvement? >> definitely one of the reasons. there is a lot of reasons out there people are thinking that could slow the economy or slow the stock market. let's address covid real quick. covid is not going away. i hate to say that. it is here to stay. hopefully becomes the common flu as vaccinations rise and we build up some immunity. delta will keep the market volatile. who is to say another strain of virus could come about next couple years, right?
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neil, there is this thing called tina. there is no alternative whether it comes to the market. bonds are paying nothing. paying 1.3% on a 10-year treasury. when it comes down to it, i think there is a lot of inflation out there right now. we're underestimating the impact of inflation. when it comes to the market, there is no better alternative or investment as inflation hedge than the stock market. that 6 to 8% return a lot of people needed to make money last in the retirement, to build the portfolios needs to be a 10 or 12% rate of return when you adjust that for inflation. what is the one ever only places you get 10 or 12% rate of return? that is the stock market. people will inherently take on more risk over the next five to 10 years to adjust for all of this. i think that will keep the market inflated. i think a lot of people understand that. a lot of investors understand that. neil: unless rates back up to find an alternative for you. we're not anywhere near that. the more inflation sticks around the more possible that becomes,
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right? >> absolutely. the thing is, you know, interest rate hikes in the short term definitely have impact on the stock market. it is a discounting mechanism in the stock market. the stock market comes down a bit. after that happens the stock market is the best place to hedge against inflation. i don't think we're seeing the most inflation yet. i don't think wage inflation is being count into a lot of numbers yet. there is so much money out there, it will be passed on to the consumers. companies will have to raise their prices. that will be passed on to the employees and consumers. there is a lot of money out there. the thing, neil, when it comes to wage inflation. there is 10.1 million jobs. people can't hire enough workers. that is pushing wages up. we haven't seen that yet. the only wray to get a hedge against that is the tock market. neil: got it, luke lloyd, strategic wealth partners, following all of this. we're following news out of texas. not talking about the border. i'm talking about those 50 some odd democratic legislators who
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gold. your strategic advantage. ♪. reporter: welcome back to cavuto "coast to coast," everybody. i'm casey stegall in texas where at this hour we're following the news of the arrest warrants are now out for some of the democrats that left the capital we've been following. the texas supreme court earlier this week overturned a lower court's decision which allowed the civil arrest warrants to be issued. almost immediately house members voted overwhelmingly to proceed. the 52 warrants represent all but 15 democrats in the lower chamber weeks after they abandoned their posts here in austin. >> members under the rules of the house under a call any must
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leave the hall to must have written permission from the speaker. the house stands in recess. reporter: spokesperson for the texas house speaker tells fox quoting here, they were emailed and hand delivered to the state rep's offices which did not have any legislators present. it has been reported just under half of the group remains in washington, d.c. at least 11 house democrats returned to work but they are still shy of the 57 required of a quorum. so the second legislative session remains at a standstill. some have returned to texas, not reportedly back to the capital. those lawmakers are mostly impacted by these warrants. remember those texas democrats say they're fighting for federal voting reform legislation arguing that governor greg abbott and other republicans are attempting to suppress voters of color and low socioeconomic status, not just in texas but in other republican-controlled
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>> baseball field in the middle of know where and you sit here, stare at nothing! >> this view, this game, it's a part of our past, ray. it reminds us all that was good. >> hey, he ven? >> is this heaven? >> no,ite iowa. neil: neil: going back to 1989. can it be 32 years, now the "field of dreams." tonight the white socks and yankees. grady trimble on this historic undertaking tonight. grady? reporter: neil, this is the first major league game to be played in this state. it is quintessential iowa. just on the other side of this corn is the original site where the movie was filmed in 1989. and then fans will walk through here to enter the newly constructed 8,000 person stadium where the game between the white
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sox and yankees will be played. i want to show you a drone video so you get a lay of the land. the original movie site which includes the land and farm house. there is the corn maze with mlb log go etched out in the corn. in the distance you see the mlb's in the newest cornfield in iowa. features include manuel scoreboard. retro jerseys to pay homage to olden days in baseball. the players will walk out of the outfield just like they did in the movie as the names are called for the beginning of the game. i had a chance to catch up with alex rodriguez to catch up with him what it is like to be here for this historic event? >> a lot of people assume it's a just a baseball movie. it is a movie about life, bringing people together. making dreams come true. i watched it with my daughters.
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it is one of the great movies of paul time. i can't believe we have the opportunity. reporter: ad revenue expected to hit records for fox sports for a regular season mlb game. ticket prices also expected to be at a record high. we looked on stubhub, neil. the cheapest ticket to buy to get into this game? $2000, neil. neil: unless you're hiding in a cornfield somewhere and you sort of sneak in. i'm sure security is on alert for that. grady, thank you very, very much. grady trimble. in the meantime you heard of labor shortages and all of that, but champagne shortages? it's a real problem for my next guest. michael is the owner of hampton's, a capri south hamptons. they have an interesting and eclectic menu. one of the things i noticed, michael, that you got a bottomless brunch every day at
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$30 for unlimited mimosas sangria. i'm on my way, by the way, with champagne hard to get, what do you do. >> neil, please be my guest anytime. it is actual state of emergency here in the hamptons. we need to let the president know. in all seriousness people had enough, it is called covid fatigue and people are getting upset because there is a shortage right now. we have to source sparkling wine from greece, italy and spain. we have, we have actual champagne in limited supplies. neil: what's the problem? why are, why are we seeing this? because it is playing out across the country. i'm having a devil of a time finding out what's behind it? >> it happened last year. and it happened this year. it has to do with you know covid-19. the actual champagne makers in the designated area in france,
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they're experiencing the same staffing issues that we have here. it is pretty much the same, the same problem there also. neil: so, you obviously can look at maybe sparkling wine as a substitute. other, maybe flavored seltzers and all, i get that but your crowd particularly, it is champagne or bust so what reaction do you get? >> people are getting upset but we let them know that, you know, we need to celebrate life and we need to have euphoria around because there is enough real problems out there in the world and we need to celebrate life daily. that is the paradigm. that is how we educate our, you know, our guests. i think they do understand it. i think we do have champagne but in limited supplies.
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if it becomes celebber to. neil: i hope it works out. you can go the cheap beer route. but that doesn't sound like your style, michael. keep us posted. wow, champagne hit hard. what's next? [ nautical horn blows ] i mean just because you look like someone else doesn't mean you eat off the floor, or yell at the vacuum, or need flea medication. oh, yeah. that's the spot. ... promises of all shapes and sizes. each with a time and a place they've been promised to be. a promise is everything to old dominion,
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neil: all right, you know it, if you go to fill up the gas, you've seen it all sorts of other areas here, but energy prices leading the way up and really hitting your wallet, gasoline is up more than $1 a gallon in just the last year, and it could go still higher. the president is well aware of that, but he is on defense on the issue, says it's not really his fault. you might want to look at opec, in fact, now, despite the fact that he has moved to shutdown the keystone pipeline within days of becoming president, he is saying that these oil producing nations maybe beefing up their supply, so there is that little oddity there, edward lawrence following it all from the white house. reporter: yeah, you know, instead of recognizing or acknowledging the fact that his policies may have led to the u.s. being more reliant on opec, the president is now going to saying he's going after the marketplace and also asking opec that oil monopoly to drill more oil. now this could all be seen in the inflation numbers that we're getting if you take a look at
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this used car and new car prices we know about that but it's the 41.8% increase in gas prices that hit everyone. now, a recent fox news poll finds that 67% of registered voters feel that the recent gas price increases have caused them hardship for their families. the administration now acknowledging that and rather than reversing some of those policies like allowing the lifting the ban on new leases for drilling, on federal lands, the president says no, he's going to investigate the marketplace. >> we've seen the price that oil companies pay for a barrel of oil begin to fall, but the cost of gasoline is at the pump for more american people hasn't fallen. that's not what you'd expect in a competitive market. i want to make sure that nothing stands in the way of oil price declines leading to lower prices for consumers. reporter: and national security advisor jake sullivan wrote the
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official letter to opec asking them to drill more oil. the wall street journal op-ed actually latched on to this and if they could give out some pinocchios they might have done that but they did say in the piece, they said this. this is the same biden administration that has spent six months do everything it can to crush u.s. oil production, so the rise in gas prices might be able to be affecting everything else that we buy, that's because as firms & companies are paying more for the goods to be shipped to market and ship the supplies to make those goods, they could pass those costs on to all of us back to you. neil: edward lawrence at the white house, thank you. now, to prescription for all of this , the administration is very sure will address it and make americans all the richer for it. hillary vaughn on capitol hill on that $3.5 trillion so-called human infrastructure package that has something in it for almost everybody. hillary where does this thing stand right now? reporter: hi, neil.
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well right now, the senate is busy writing the actual details for this $3.5 trillion price tag that they approved, but despite a recent fox news poll that shows that more people would rather have the government leave them alone than lend them a hand , the biden administration is still pushing for some hand outs in that $3.5 trillion infrastructure package, like government subsidized child care , universal pre-k, making the monthly direct cash payments for the child tax credit permanent. national economic director argues these extras are not going to keep people out of work but instead give people the safety net they need to go to work. >> the investment in this plan are fundamentally different from this idea of short-term stimulus that's not about putting demand into the economy this year. it's about giving families the security that over the next decade, they're going to be able to afford child care costs.
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reporter: some senate republican s are warning universal basic income is hiding in plain sight in the $3.5 trillion budget bill because it would make that child tax credit monthly pay out permanent. senator marco rubio sent this memo to his colleagues last friday, writing "the biden administration has insisted on still referring to the benefit as a tax credit, but that's misleading. the handout goes to parents with zero tax liability or who are simply not working at all. why intentionally confuse the debate? the answer lies in democrats aim to permanently turn the historically popular child tax credit into welfare for non- working parents." there is a movement on the house side by some progressives who want government guaranteed financial security, congresswoman omar is behind the latest push to give every american a taxpayer-funded monthly allowance, the bill would give every adult $1,200 a month and kids $600, which mean, neil, a family of five be making $50,000 a year just from the
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government. neil? neil: hillary vaughn, thank you for all of that. let's go to carol roth, former investment banker, the war on small business best selling author. carol, let's first focus on if this comes to pass, in other words, clearing the senate hurdle, it gets really kind of in the weeds to talk about the process in the house, but if it were to come to fruition and democrats only and that's the way it appears right now, push it through, what will the fallout be for the economy, the markets, the inflation worries, what do you think? >> yeah, this is the epic battle that we're facing between capitalism and free market, letting free choice and transparency drive prosperity, and central planning where a few people think that they're smart and they know how to control the economy and if we have any learning that's come out of the last 16-17 months, it's that central planners don't know what they're doing and what they think is for everybody's best
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good, actually, ended up reeking a ton of havoc on the economy so it should have been an incredible warning but we knew it was the trial run for universal basic income to try to get more people on the government and fortunately that's limiting well creation opportunities instead of increasing wealth creation opportunities for the average american. neil: you know, republicans are nobody of saying, carol, that all of this spending is going to make the inflation we've seen look pale as it continues to work its way through the system. now of course we've seen these inflationary worries with spending under republican and democrat administrations. in the past republicans like to say that money was largely for tax cuts when they were in power. be that as it may, inflation was virtually invisible over the last decade-plus. whose to say it can't remain invisible now? >> well, economics and common sense say that when you take a
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series of actions, there's going to be an outcome and eventually, that catches up with you and it may take a while to unwind and we have this very weird situation of two things that are coming together which is the unprecedented fed policy on the back of unprecedented government spending, and then the government disruption in the market which has led to 10 million job openings. we've never seen a combination like that before, so common sense, even if you're not following -- neil: but wasn't that, carol, more response coming from park in the middle of the pandemic, and nothing was happening to now in other words, believe me, i'm no fan of the government, and whether it's propriety to spend money wisely, sort of like me offering dietary advice, don't there, but having said that, we are coming off an economy that was in full stop, so isn't it natural you would see these pressures building, again, regardless of what the government is doing right
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now? >> well, i mean, it's unprecedented that you would have the government in the first place turn off large swaths of the economy to create the situation, and they could have structured release to keep people working instead of enhancing unemployment benefits and keeping people on the government so they really change the structure in a way that we've never seen before, and then couple that, you know, with the stimulus, and with this fed policy and i just think that this is like ultimate central planning time bomb like we've never seen before, and the consequences, you know the inflation, the barriers, wealth creation, increased risk in the market, is something that is really limiting the economic freedom for the average american neil: well we certainly know to your point you've written about the impact it's having on small business, they are the odd men and women out so that's very clear no matter who you want to point the finger at, carol roth
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great seeing you again, thank you. let's get the read on all of this from bill johnson, he ran k raft heinz, very successful ceo, arguably considered one of the grates of the last few decades. bill you would deal with these pricing pressures, and regardless of what the catalyst of the cause is, it's fair to say we're already at the point where this has gone beyond temporary, or transitory. it does seem to be gaining traction. does it worry you? >> very much, neil, and the good news is that chairman of the fed will eventually be right. it will some day be transitory just not today. we're seeing pressures that we've never seen before, even across the entire food chain. simple things like container costs coming out of europe or china in terms of bringing in terms. costs for freight, costs for fuel, which everyone just sees as a gasoline price, but ultimately dictates the price we pay for packaging particularly plastic packaging. it's having a huge impact and
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the one thing i can tell you about cpg companies in general is when one or two start pricing, the whole group recognizes the need and takes the opportunity to start pricing and the difference this time that i thinks really important, i think the industry itself and most consumer industries have lacked pricing power over the last two or three decades, i think that pricing power is returning at least in the short-term, so it maybe transitory to the fed and to the administration, but it certainly isn't transitory to people going to the grocery store. neil: so let me get your take on where this goes. i mean, obviously the consumer product giants from kimberly-clark, cargill, clorox, have telegraphed price hikes are still coming down the road. most of them are saying right now that consumers are dealing with that, they don't love it, even shake shack is saying with its third planned price hike for burgers each one about a $ 0.25 increase for each time its been doing it, people are still
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buying their burgers. things break off when that chain breaks, when people say enough already. are we close to the enough already point? >> no. two things happen, neil. one is from a stimulus standpoint, one is from a consumer standpoint. eventually, what happens, is somebody decides there's an opportunity to gain some market share by reducing price, and thereby creating pressure in the market on a competitive basis so they may gain a few pieces of points of share and then somebody reacts and next thing you know we're in a downward spiral and that historically happened to the cpg group. from a consumer standpoint -- neil: by the way when you talk about consumer package goods when you mentioned cpg, correct? >> i'm sorry yes, consumer package goods companies basically the people that provide all the products you see in the grocery store. neil: i'm sorry continue that thought. >> that's all right from a consumer standpoint, i think the consumer has not reached that point yet. i think they are in the griping stage and the complaining stage and appropriately, but i don't think they are in the stage yet where they are ready to revolt
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primarily, neil, because they have been couped up so long in the last 12-18 months, that they are seeing an opportunity to get out and they're willing to spend the money, they recognize there's labor shortages which is creating price pressures, and cost pressures, so i don't think we reached that point. we will reach that point, but i think we're a ways away from there. neil: could one of the things, a meal royalet, ironically one of the things the market don't want to see is a slow down in the return to work, return to great opening of the economy, because of these spikes in cases , that it will slow things down and will affect restaurants and businesses that now are facing demand that they make sure their customers are vaccinated or testing negative, wearing masks, et cetera, that it could slow down the city command side of the equation enough to slow down this inflationary spiral. what do you think? >> well, it'll slow down the away from home. it won't slow down the at home. in fact the converse will be the
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case. it'll accelerate it like it was say six, seven months ago, and so the price pressures will still remain because primarily the supply chain still haven't caught up with the ability to process all the demand, so as the demand increases, you're going to see supply chain shortages accelerate and as a result, i think you'll continue to see significant pricing pressures. i'll tell you the other thing that's going to come out of this , neil, in my view over the next 18 months or so, even though there's 10 million job openings right now, a lot of manufactures are going to realize that they are now under such price pressure or cost pressure that the cost of automating the cost of deploying capital in place of labor is probably at a breakeven or even a plus perspective and so i think what you're going to start seeing is automation increase over the next say i would say 12 -18 months which will replace labor so as we have our next downturn, then i think the job situation is going reverse and then we'll have another interesting about how we address this but the one thing that is clear to me and this isn't a
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political statement because i try to stay away, but the administration, this one frankly part of the last one, basic economics just aren't in deep supply in these places, and every time i hear somebody talk about this , i just sort of shake my head and say to myself i wish they'd go to the grocery store and walk down the aisles and see consumers as they pull up one or two products and look at the price and size and so forth and then sort of shake their heads and then i think maybe there might be reality that sets in and maybe we'll see political and policy differences. neil: yeah, i always marvel at you and the days when you were running everything there how much you knew firsthand the price of almost everything. i'm clueless on this stuff. a gallon of milk if i saw it for $50 i'd say that seems a little steep. >> as i said to you once before , neil, you need to walk the aisles. that's where you really learn. neil: by the way you're absolutely right on that. i tell you what i think our
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politicians forget in earnest that you really have to see what the american people are experiencing, because inflation is very very real to them, because it is real. bill johnson, former kraft heinz >> it's painful. neil: it is. thank you very very much and by the way so interesting developments right now that we are getting on the afghan situation, that the u.s. military is expected to send in some forces, at least temporarily to help with the evacuation of embassy staff in kabul. this as the taliban takes over one city after another and we're not due to be formally out of there every last troop until the end of the month. now, we're taking precautions, after this.
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we kind of saw this , you know, from the beginning, and it's so easy to be black and white, left or right, you know, we never should have done this , should have done that. we certainly shouldn't have surged as we did, we certainly shouldn't have as we did and just giving up airfields along with the airfield in kabul it's a mistake, and the afghans are so used to using our air support that we've taken it away from them. i understand six months from the taliban takes kabul. you know, i'd cut that in half, without question, three months they will be inside. neil: you know, a lot of people go back and say all right we've been there for 20 years longest war in one place in american history, that it was a waste of time. i always come back and say whatever the problems and certainly, you pointed them out in the past, we didn't have follow-up attacks on our soil,
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and i'm wondering if for all the men and women you knew lost their lives, and those who risk ed so much and survive, what do you tell them? >> i mean, to keep it real, it just sucks. i've lost a lot of friends in afghanistan. i know men and women who have died in afghanistan it just sucks that we went in there to kill al qaeda, to kill osama bin laden and we did that and i feel sorry for the marines and soldiers and air men that walk through mine fields getting blown up for nothing because we have issues we don't know how to win a war and if you ever want to lose anything, get politicians and lawyers involved. you'll definitely lose and just because it doesn't matter, the rank, general officers, admirals all they want to do is get their job at the next level and get paid and politicians all they want to do is win re-election and that's what it comes down to.
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i really wish that the decision makers would talk to the people actually on the ground and even the ones who do, they don't really listen to them. they take the talking points and hope to get a picture, wow i talked to the troops, no you didn't. instead of a four star general being charged in the joint chief s it should be a lt. governor commander or a major, someone who knows the men or women fighting and i've seen it before and never wanted to believe it reading the books about vietnam and all that growing up and it's true a lot of it is real and it's just a shame we waste so many lives and i hate to say it but wasting lives onto nothing. neil: you know, rob we're coming up on the 20th anniversary of 9/11. i'm sure you are asked this all the time. could it happen again? >> it's going to happen again and it's a shame. i have a good friend of mine whose a medal of honor recipient and he always said i never want another 9/11 but i'd love
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another 9/1 and i remember calling my friends on 9/11 when i was in germany and i said turn on the tv and they said what channel and i said it doesn't matter. welcome to my world and the sad truth is, the sad truth is it doesn't matter what you look like or where you're from, there are people that want to kill us all because we don't believe what they believe and it's coming again and we're so worried about who gets to compete in which sport which is fine but do your best. they are coming and they will be back. one of the most disturbing quotes i've ever heard as i talked to a taliban guy, and we used to talk to them, he told me , you have the watches, we have the time. neil: huh. rob, i always learn a lot. impressed with the hell out of everything you've done for the country, rob o'neill the former navy seal behind the killing of osama bin laden on that dark night. we'll have more, after this. my retirement plan with voya keeps me moving forward. they guide me with achievable steps that give me confidence.
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neil: amazon has become a very popular target of regulators these days, and now, joint mission on the part of republican and the democratic prominent congresswoman here, but that aside, it continues to build and move and buy more stores, operations, expand its footprint across the globe. it's not buying fannie many fans though. susan li. reporter: neil amazon telling us exclusively they will buy $120 billion from u.s. suppliers this year so it's a jump of 20% and amazon can afford it since they are forecasting a fourth $100 billion sales quarter this summer. they're hiring a ton of people, opening more fulfillment centers including the new $1.25 billion kentucky air hub, and a florida robotics warehouse they just announced yesterday. now i caught up excuse everly with the top amazon executive doing all that expanding and hiring, 400,000 jobs the past
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year and this is a prime time, to announce more. >> tell you that, you know, as we start entering into what we refer to as our peak season, we're always opening new fulfillment centers, but we plan ahead and multiple years in advance. we actually announced, you know, five new delivery stations in florida today. we announced two fulfillment centers, two months ago in in san antonio, texas so we're continuing to invest in locations and work with those communities. reporter: i also spoke to her about worker requirements, employees have to wear masks if working in the fulfillment centers but what about vaccinations? >> because of the delta variant spread and these concerns over covid, amazon right now and from your perspective, you don't foresee anything that mandates the vaccine for workers coming back? >> not at this time. of course that is a hotly- debated topic and there is various states making different decisions on that. we will make decisions that are best for the safety of our
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employees, with the information that we have, which is constantly evolving and new information being shared. reporter: also asked her about anti-trust and how big amazon says if there's no secret amazon is a big company, but they do buy 60% of their products from small and medium size businesses , also asked with tax given that you have biden and bernie sanders saying they want to hike the corporate tax rate, she says, this is not my specialty, back to you. neil: yeah, she begged off on that. it's interesting too because amazon, while it's not, you know , getting knee deep in the vaccination thing it is delaying in person return to work i believe until january next year. thank you very very much, for all of that, susan li. by the way we're monitoring the president of the united states right now. he is speaking about his build back better program otherwise known as the $3.5 trillion human infrastructure measure that he assures will include provisions for bringing down prescription drug prices. this is an area in which he's in agreement with his predecessor
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donald trump that the u.s. pays a disproportionately higher prices for drug prices, in fact higher than any other country on earth. he doesn't think that's fair or right and part of this move on the human infrastructure package is to address those imbalances, anywayh dan geltrude is with us, before a expand a little bit on what the president is talking about, dan, as you know, he's had some success getting that infrastructure measure out of the senate, where it goes right now, i'm talking about the human infrastructure one, is anyone's guess, but i'll ask you what i asked a prior guest, dan. if he gets everything he wants, democrats even working alone push this through what's the fallout, what happens? >> well, neil i don't think it's farfetched to think that he may not get pretty close to what he wants, meaning that he will be able at some point to get all the democrats on board. if he does that, i believe, of course the spending will be tremendous, he has talked about
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how this is what the economy needs, this is the last thing the economy needs, we do need hard infrastructure but that's the first bill. this second bill, i don't think is necessary, although there are some good parts of it, but then when you throw everything else in it, this kind of spending, neil, with the debt we're taking on and we keep talking about that, i don't see how this helps the big i word, inflation. i think this exacerbates that situation and that is not good for the american people. neil: the markets don't seem to care. what do you make of that? >> [laughter] no, the markets don't seem to care about very much at all, neil, and i think there's a specific reason for that. there is no other game in town for investors. where else can you put your money? interest rates are so low, there's nowhere to go. there's no such thing really as
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a savings account, so the only place that people can go to get a decent return, not to mention be able to keep up with inflation, is in the market , federal reserve seem s absolutely committed to keeping interest rates as is very very low, basically, at zero. i think the markets keep going up until something significant changes. neil: got it. all right, dan thank you, apologize for the truncated view but we're listening to the president, don't want to go to that but he did mention quickly about these demands that kids wear masks returning to school across the country this year. that's not about politics he says it's about keeping kids safe. some of their parents might disagree, stay with us. when traders tell us how to make thinkorswim even better, we listen. like jack. he wanted a streamlined version he could access anywhere, no download necessary.
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have graveyard services, fears for example, that even a few people gathered together could lead to still more cases, so the industry all but shutdown, but a few crafty ones found openings in other areas like for example, using those same funeral homes for entertainment, i kid you not. lydia hu following all of this out of new york city. explain this one to me. reporter: sure, neil. we are at the story, frank e campwell funeral home on manhattan's upper east side. this is a place where some of societies and hollywood's most notable names have been memorialized from julie garland to more recently joan rivers, but tonight, neil, this place is going to be transformed into a stage for comedians and here to explain why, and how, is president william villanova. thank you so much for opening up your funeral chapel to us. you have a history going back to
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2018 of hosting large-scale events other than funerals, we'll talk about the show in just a moment but tell us why start hosting events like concerts and art shows? why do that for the community? >> thank you, lidia. since 1898 frankie campbell has been known for supporting the community and service excellence, and over those years , he has done some really great things, and we thought it be great to recommit ourself to support culture, music and the arts, and that's exactly what we did in 2018. reporter: it's about relationship building with the community. you want to make sure the funeral home is a part of the fabric of the neighborhood? >> and be able to provide specific events like a concert, or an art show or tonight's comedy event. reporter: you do this all for free, there's nothing charged for the tickets they are open to the public, tonight you're hosting four comedians. now, some people might hear that and think comedians at a funeral chapel? maybe that's pushing the envelope too far.
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why do you think that's a good fit for this funeral chapel? >> what we've seen over the years is that funerals are more now a celebration of life and with that celebration comes lots of laughter and we feel that we have an opportunity to bring families here together, and to share in some enjoyment. we have been burdened with the pandemic for the better part of two years, and we think it's about time that our commuters come together and enjoy a few laughs. neil: neil one thing is that tonight's performances are family friendly so people of all ages can attend but if the reservations are any indication of how the acts are being received here at the funeral home, he also tells me they are completely booked up on a waste list only so the community here on the upper east side is very interested in tonight's acts. neil? neil: yeah that makes a lot of sense and he's right. you think about it, in the funeral home you do want to celebrate a person's life and put it in perspective, it does
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look at the brighter side of things and the potential. lidia thank you very very much and with that i go to dion baya. my good buddy he had no idea we'd be doing a funeral story right before him. >> it's fitting. neil: he is out with a new book right now, "the men from ice house" as a follow-up from his last best seller but what's interesting about this one is i think it's a preview of coming attractions, it's a screen play that looks at some world war ii nemesis to end up in new york city and you've got, you know, a mass killer, you've got all of these other characters, together , in a book that makes some sense. it all comes together. i don't want to give things away , but dion, always great to have you. >> thank you. neil: what is the reaction you're getting from folks who would hear at first blush and say all right this sounds weird but it works. it connects. >> well they kind of like it. my emphasis has always been that
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like you said i'd written these as screen plays and i couldn't get them looked at so my idea since this is a business show we should try to turn them into a book and be able to fill them out, and then release them to the public so the first book was a 70s cop movie and this is like a love letter to the indiana jones, those escapism films that i grew up loving and now days, i feel like you can't really satte rize bad guys as you used to be able to, so i like to have one foot in reality so that with the historical fiction an audience will look at that and take that in, so that when you bring the fantastic element into it and you have nazis in it , they are real bad guys they aren't just marvel super heros. there is a lot of sci-fi aspects to this new one but it's just an old fashion detective story like i said indiana in jones and it's a new character for the 21st century i was trying to do here, harlem pi who in the 40s at the end of world
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war ii uncovers an insane nazi plot of them trying to get their loop from europe to south america by way of new york city and he blows it out of the water and uncovers it all and then as like any kind of fun movie of that kind like a rocketeeer, dick tracy you have an add very curriculum and seriousness wait in the heaviness because you can't, now days it's really hard because audiences are so educated you can't just throw up a bad guy and people are like oh , we've seen this before and it's good to try to have a new spin and try to do something different. neil: but what modii think, you know, it was about as bad as bad can be and then throw in a mass murderer there, i mean were you going for the kids with this one >> no, well it was because, you know, in the old days when you'd make a movie like indiana jones i think i said this before to you, stephen spielberg did the indiana jones movies and they had nazis and then when he
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did schindler's list, they were very serious heavy realistic terrible terrible things they've done, so here, to bring them in almost like as in like a boys from brazil kind of a plot if people remember that book and movie, you have a realistic character that's set within a confines of a realistic world, world war ii in new york city at the end, and then you have all those come together and you're able to have an escapism kind of adventure plot, but the audience -- neil: but it's a realistic plot. a lot of people, i kid you my friend but people look and say we don't realize how close we were with nazi simple christian ers and others remaining in this country so the days of world war ii, and then of course, the nazis were behind us in the quest for anatomic weapon, by the slice of a couple of events, they could have had one, so we forget some of the biggest and sharpest minds, they are close to a lot of things.
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you bring all that to an interesting read here, but you mentioned the screen play thing too, dan and i'm wondering , people like stephen king, i've always thought and i'm a big fan of his work, sometimes it gets very voluminous but that his books almost write their screen play themselves. you know what i mean and i'm wondering if this might be a pattern in the future, you know what you're embarking on is the sign of things to come. >> yeah i basically did, quentin terantino came out with a novel about his movie about a month ago and that's basically i wrote the screen plays and made a novel of them and that way you're able to fill it out and make it more nuanced and at the end of world war ii people didn't realize that one they were votes off the coast of new york city blackout warnings, they were dropping off spies, off the coast of long island picked up, there was huge paranoia because of what happened i think it was the uss lafayette that caught fire in the hudson and flipped
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over, so people were highly paranoid at the time and people forget that, and then there was a mad dash, there was a declassified operation called operation paper clip, where we were trying to get the best of the nazis. it was a mad dash against the russians. we grabbed as much as we can, they grabbed who they were able to. neil: and barely, right? barely. the russians almost grabbed the same people we did had they gotten word, that would have been a very different -- but they bring it all up and i'm just wondering is that what you're really out to do is this just your way of becoming a movie mogul and telling me and all the shows that you work on that i do, i can't be bothered working with you, neil, i'm on to bigger and better things like becoming a movie mogul and you'll forget my name. >> no, not at all. i've always, this has been my dream always behind the scenes of crunching this out of screen play or a book, and with the hopes of getting generating some sort of interest, neil, the build back better plan this is my build back better plan was to try to convert it
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into a book, get eyes on it and maybe generate some interest because it's hard to crack into even hollywood. you need to know the people, the right people. there's an agenda that people talk about that maybe affected if you have certain, if you go a certain way with things, or so it's very hard and this is my way to try to get a crack into it and make it interesting for something that the audience will jump into and it'll just roll and just go with it and then there will be along for the ride. neil: i don't buy any of it i think it's a cheap waste of money. >> thank you very much it prove s right here that you read it, so it's amazing how you took the time. neil: very good. we've known each other for a wrong time, my friend and you helped launch fox business network you don't get it demand it, that became a cottage industry, i wish you well with this. >> thank you, sir. neil: you think i'm just bluffing you here, but it's a fun book and it looks at things in a sort of a whimsical way, but don't dismiss it out of hand there were a lot of close calls there, very close calls, dion ba
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ia, great guy, i hope he remembers our name. i can see him like becoming a big success and forgetting us, but he's transparent so there is that. we have more, after this. (vo) singing, or speaking. reason, or fun. daring, or thoughtful. sensitive, or strong. progress isn't either or progress is everything. we have to be able to repair the enamel on a daily basis.
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biden seems to be in lockstep with his predecessor donald trump, with high prices in the united states saying that drugmakers should be able to make a profit but not by charging people in the u.s. more than those in other countries and of course that was a central and prominent theme of president trumps what to make of all of that charlie gasparino with us now. well that's one for the curiosity books, what did you make of that? charlie: you know, trump had some left wing tendencies, economics, remember he was very anti-free-trade and he was for tariffs, he was for , i mean listen, there's a reason why, there's the cost of doing business here in the u.s. is often higher than in some other countries that's part of the reason why. i hate to be a defender of the big drug companies but they did us a solid by having these covid vaccines, so they must be doing something right, because you talk about a pandemic and you talk about hospitalizations, it's way down, if you're
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vaccinated so but trump and biden, you know, there's cross over on their economic policies. neil: they are definitely in lockstep but on those vaccines and everything else, which was the original intent so sorry, but i did want to bring this news to you the new york stock exchange now the latest among companies saying all right , we're going to kind of force the issue on these vaccinations, right? charlie: right and it's causing a lot of anger inside the stock exchange, i can tell you we've been talking my producer and myself have been talking to traders on the floor of the stock exchange about this. they were not consulted at all. they were blindsided basically although they heard through the rumor mill something was going to happen and here is where it gets swirly. you have to be vaccinated. if you're a floor trader you have to take three tests a week on your own dime so they are basically saying you've got to pay for it, and it's all on your own dime and none of this was consulted with the trading community. there was talk about apparently
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the new york stock exchange study whether to impose a mask mandated on top of the vaccination mandate they pulled back on that so now it's just vaccination mandates and you the floor trader if you want to come down to our floor and trade well guess what you'll have to pay for three covid tests a week and it's angering them and we should point out that the floor is about 25% of the floor has not been vaccinated, so, you know, it's not exactly the robust place it was so there's a good chance you'll get a lot of floor trader s not going into the office and the activity down there could be diminished substantially if 25% of them don't want to come back in the office and don't want to get vaccinated, presumably if you want to get vaccinated you'd be by now, right? especially in the new york new jersey connecticut area, i mean, it is you could get vaccinated for free anywhere so these are people who just don't want to get vaccinated, believe it's their constitutional right, and they're not going to be allowed
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back in the office, and it is one of the more stricter mandates, neil. goldman sachs says if you don't get mandates or jpmorgan says if you aren't getting mandates, or not getting vaccinated, guess what you have to, you can come in the office but you have to keep getting tested and we pay for it and you got to social distance. this is much more draconian so it's a lot of anger from what i understand today, and i guess we're going to be hearing these stories a lot because it's the new way of life. neil: we are but they are on firm legal ground. charlie: they are. there's no constitutional right to a job. neil: you got it. why did you tell me that? charlie gasparino on that, more after this. . .
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we did it again. verizon has been named america's most reliable network by rootmetrics. and our customers rated us #1 for network quality in america according to j.d. power. number one in reliability, 16 times in a row. most awarded for network quality, 27 times in a row. proving once again that nobody builds networks like verizon. that's why we're building 5g right, that's why there's only one best network. hi, i'm debra. i'm from colorado. i've been married to my high school sweetheart for 35 years. i'm a mother of four-- always busy. i was starting to feel a little foggy. just didn't feel like things were as sharp as i knew they once were. i heard about prevagen and then i started taking it about two years now.
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neil: all right. so the president continues his campaign sell that 3 1/2 trillion dollar package even saying it will bring prescription drug prices down. we shall see. now to charles payne. charles: that is one thing we all agree on. we love to see that happen. thank you, neal. i'm charles payne. this is making money. breaking right now, producer price is hit the highest level. is the bull market too bullish for its own good? we'll debate that. speaking of debates, chasing names already at new highs or sifting through the ashes with beaten down names? we have market pros how they approach this. if you want to do
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