after that, all hugh had to say to keep her in line was, "watch out, young lady, or uncle hoop will be driving you again tomorrow." i'm jamie colby. thanks for watching "strange inheritance." and remember -- you can't take it with you. ♪ ♪ from the fox studios in new york city this is "maria bartiromo wall street". maria: happy weekend to all, look into the program that analyzes the week that was in business and you for the week ahead. i am maria bartiromo. the deadliest day for u.s. troops in a decade chaos and heartbreak with more than a dozen american service members killed at the kabul airport at a nicest bombing the area bracing for further attack, can we trust the taliban to protect our

troops from these threats? i'm asking michigan congressman peter meyer coming up he has seen the situation on the ground firsthand this week. saving all americans house republicans are demanding more from president biden pushed back to afghanistan date past this tuesday and calling for speaker pelosi to bring back congress for a vote prevented u.s. troops from leaving until all americans have been rescued congressman kevin brady leading the charge you will hear from him coming up. markets and how they entered the week a new string of record highs the terrorist attack in afghanistan the jackson hole federal reserve meeting all among the catalyst joining me now chief investment strategist markley sheena, great to have you thank you for being here. >> thank you. maria: what's driving your investing right now the big event of the week was the jackson hole speech by federal reserve chair jay powell and we've all been wondering when

the actual tapering will begin, how do you see the macro story and how does that play into the fence thinking in your view? >> importantly the macro story is very favorable even though were probably seen the peak in the growth of the u.s. economy likely to experience and were decelerating from an elevated pace. recent readings that accumulate the high-frequency data points we've had in recent weeks reported by the federal reserve bank of new york in atlanta alike which continue to show well above trend economic activity. there's a lot of momentum of the economy that is helping the corporate earnings growth that we see companies report coming out of the end of the second quarter and once again will helps instantiate that pace of earnings growth for quite some time which is rewarding chair prices and why we continue to operate at or about all-time

highs in the marketplace. this is a setting that is supportive of the federal reserve can continue their options with regard to withdrawal some of the emergency measures that were undertaken to help the economic activity in the immediate aftermath of the pandemic. however, i think the market is prepared for the prospects beginning to work off some of those majors and i think were likely to hear more about that in the coming fed meetings particular the one next in the lineup in september. maria: i know you're also focused on the employment report in september let's not forget many of the stimulus from the federal government will go away in september. were expecting not on the unintended consequences of the unappointed benefits to actually be removed in september, what are you looking at in terms of the fourth quarter you said you were encouraged to see cyclical stocks make a run recently we've

seen all-time highs in this market this past week. >> imi figure seen a rally and cyclical stocks because the inflation narrative that went into hibernation 6 - 8 weeks or so and the backup of interest rates we seen where the ten year treasury bond has moved back up to 1.35% or so roundly speaking, it's all encouraging and i was not surprised that we were going to hear any new announcements forthcoming from jackson hole but a maintenance of the flexibility with regard to the fed policy because i'm sure they would like to see more data in the september jobs report and a few other readings that come out in september to provide the evidence and the exploration of the unappointed benefits back-to-school working mothers going back to labor force hopefully for trades time that the labor force which is what we

know has a record amount of job openings at the moment that continues to strengthen and really underpins the under pillar the fed has trying to achieve maximum appointment. maria: you been so spot on we appreciate your insight, thank you for joining us this weekend. >> thank you, maria. maria: mark luschini, coming up trusting the taliban president did not enter by did not denying reports that they give the terrorist group a list of names of americans that they want to evacuate from afghanistan. he says we should rely on the terror groups self-interest to allow our citizens to leave safely. i'll be asking congressman peter meijer what he saw on the ground at the kabul airport when he visited this week. >> we did a poor job of screening going on in there complicit. let's face it we cannot trust these guys, they lie through their teeth, they have been able 9/11, they killed over 2400

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>> no one trust them, we are just counting on their self-interest to continue to generate their activities. it is in their self-interest that we leave when we said and that we get as many people out as we can. maria: president biden tried to convince everybody that the taliban wants to help the west evacuate afghanistan as soon as possible. he says it's in their best interest we have learned the u.s. gave a list of americans

and our allies to the taliban, telling them who we want to get out safely, joining me right now michigan congressman peter meijer, he and another congressman saw the situation on the ground this past tuesday when they traveled to kabul. thank you very much for being here and thank you to your service for our great country and thank you for traveling there this week. what can you tell us, what did you see? >> it's an absolute upside down world there. it's not a bizarre scenario, it's not loss of anybody on the ground that a month ago the taliban were sworn adversaries and you have individuals who careers were made tracking down and hunting down, capturing her to killing the taliban and now sitting across the table from them negotiating, the conflicting operations. it's utterly bizarre but our troops on the ground or diplomats on the ground are working tirelessly to rescue and save as many americans and loyal afghan allies as i possibly can.

maria: are you worried about a terrorist attack in america? >> right now given the strength in the successes that the taliban have witnessed over the past month, given how that has inspired and motivated and shown there's a pathway to victory for the extreme jihadist organizations, we need to be increasingly vigilant. this is a moment where those terrorist forces see success. they see that the taliban was able to defeat the united states of america and they are emboldened to make no mistake. maria: unbelievable that this terrorist group of thugs is defeating the greatest nation in the world. this is obviously distressing to all of us, where do we go from here in your view. and how is it possible that this president makes a decision to close our airbase bagram air

base before getting all of the civilians out of their? >> we should've never been in this position to begin with and we are in this position because of president biden botched incompetent withdrawal. we have the ability going back to april when the withdrawal is finalized, and we were talking with the administration a bipartisan group to speed up the evacuation of our loyal afghan allies and american citizens. we asked them to do that then, not wait until the last minute but they waited in their analysis was wrong and the situation collapsed and that's why you had these hordes of individuals outside of the gauge tried to get rescue. where do we go from here is incredibly difficult, the next 20 days in afghanistan will determine the next 20 years in the country. we have to get it right and make sure were doing everything possible to rescue as many

americans and loyal afghan allies as possible to protect our troops as her leaving the mission. but not disengage, we cannot trigger back and forget about this we need to maintain diplomatic and intelligence capability in that region and watch out for future threats on the horizon and we need to continue the ability to get people to safety that are still there. this is an impossible position, we should not of been in it but we are. maria: how do we do that without a presence on the ground, congressman, you know the area and if you are not there you cannot see over the horizon, you cannot conduct intelligence operation without any presence there, this is going to be a haven for terrorism, we do not know what they will do. >> that is the ultimate dilemma, we are not in a position where were choosing between a good option in a bad option, right now trying to find the least worst, is trying to find whatever we can to identify and go after individuals who are threat to the united states.

but make no mistake at a be an incredible challenge. maria: unbelievable, great to have you, thank you very much, we appreciate your efforts. >> thank you, maria. maria: peter meijer joining us right now. up next no ma'am left behind as president biden stands firm on his tuesday deadline house republicans are demanding more from u.s. troops state and afghanistan until every american is evacuated. is evacuated. kevin brady is here ♪ ♪ ♪ is evacuated. kevin brady is here easy tools on the chase mobile app. simplicity feels good. chase. make more of what's yours. experience our advance standards safety technology on a full line of vehicles. at the lexus golden opportunity sales event.

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commanders in the field have all contacted me one way or another usually by letter saying they subscribe to the mission as designed. to get as many people out as we can within the timeframe. >> house republicans are calling on nancy pelosi to bring back congress from recess to vote on a bill that would prevent tuesday's withdraw, join me texas congressman kevin brady, it's great to see you thank you very much for being here this weekend, will nancy pelosi agree, i know kevin mccarthy is pushing to get everybody back to have this vote. will it happen? >> it should this president isn't going to do what it takes to protect our marines and get our americans out from enemy lines, he's made it very clear he's at the mercy of the taliban he will not reinforce those

troops and not reopen bagram air base to make it safer and certainly wire allies and special forces are going on the country to retrieve their citizens, we are not. congress should act, speaker pelosi is so obsessed with this big tech hike in the welfare state expansion i doubt that she will we should go back and we should vote as congress and coequal branch of government and representative gallagher's bill to ensure that we do not leave until we have brought every american and every afghan ally with us. maria: what a sad state of affairs, and seven months now we are hostage to a terrorist group the taliban. is there any reason to believe that these massive blunders which caused the death of our heroes will blow up the economic agenda for president biden or

are we going faster moving forward on the tax-and-spend massive package questioning. >> i fear that this is the session with the trillions of welfare state spending and tax hikes has blown everything away on the agenda. all of this is happening in afghanistan as a speaker was celebrating having trounced what you moderates are left back in the line. the president making calls focused not on afghanistan and not on now what we know the massacre at the airport on thursday but on what i would say is the biggest economic blunder in our lifetimes, their priorities are exactly wrong. the question is after seeing the moderates get torn apart last week are there any main street

moderate democrats willing to step up and fight against the tax hikes on their small businesses, on their working families, on their energy workers and frankly on their family-owned farms and businesses. that is the big question. the house is moving at light speed two weeks from now the ways and means committee will begin voting on trillions of dollars of tax hikes. maria: let me ask you about the infrastructure package are the tax increases in the infra- structure package questioning. >> we know that early on the restoration to superfund taxes expired a quarter of a century ago and being put back and that lands ultimately on consumers products, families who buy anything with plastic in those types of materials, you will see higher prices as a result i know the crypto currency issue was

one, there was billions of dollars of tax hikes in the infrastructure. i think most of the tax hikes are landing on this new 5 trillion-dollar expansion welfare state expansion. but there are tax hikes in the. maria: unbelievable that 19 republicans voted to go forward with infrastructure even though this administration continues to ignore the crisis of the border in the crisis and afghanistan let's talk about the taxes that will go higher because wall street is guessing i know joe biden wants to take capital gains to 43.4% will he be able to get that through and what will look like on the corporate tax and how much is the bottom in terms of earnings for the average american who is going to get taxed what are the tax

increases that we should expect for individuals. >> one you will see i worry what we will see is an economic surrender of america to a global competitor driving our business tax rate to among the highest in the world doubling a global minimum tax and punishing u.s. companies that try to compete and win overseas, there is no question we will see u.s. jobs going overseas because of this president working families are going to get hurt but two groups a joint committee that you are familiar with is a left-leaning tax policy, both have confirmed that president biden will break his pledge by taxing low-income and middle class families starting next year under his tax plan, there is no question as well small businesses are going to get hammered and a variety of ways as were trying to rebuild this economy from the covid

pandemic and all of this wrapped up in what could be a 2 trillion-dollar or more tax hikes they are crippling and they could not come at a worse time and by the way you let out the question why are we punishing americans to invest in the u.s. economy why are we doubling that tax rate in shipping the investment decisions to washington, there is no question that joe biden and nancy pelosi want to take the investment in a local economy away from communities, send it to washington where they will decide which communities are worthy of being invested in this is crippling the economy and there's no question paychecks will suffer. maria: no comment to the fact that we left $100 billion on the ground in afghanistan by leaving all of the weaponry on the ground, black hawk, helicopters, all of the weapons, were spending all this money and nobody talked about the cost

that we left on the ground. >> you don't really have the economics unless you have national security and right now and i'll tell you what we have about president trump, he made it clear the taliban you are going to meet the conditions where we are staying in secondly we will not leave a vehicle or weapon behind for you to attack us with the opposite with joe biden, there is no question were left safe as a country right now because of his political motivation this was not about withdrawal this was about him on 9/11 being able to brag to the american people that he has withdrawn our troops from afghanistan and the result is a massacre of americans and afghan allies last thursday and there's no question he is clearly to blame. maria: what a sad state of affairs, thank you very much we will watch a situation and hope

to catch up with you soon. >> thank you, maria. maria: kevin brady joining us. more wall street right after this. ♪ yeah, i mean the thing is, people like geico because it's just easy. bundling for example. you've got car insurance here. and home insurance here. why not... schuuuuzp.. put them together. save even more. some things are just better together, aren't they? like tea and crumpets. but you wouldn't bundle just anything. like, say... a porcupine in a balloon factory. no. that'd be a mess. i mean for starters, porcupines are famously no good in a team setting. geico. save even more when bundle home and car insurance. (struggling vehicle sounds) geico. save even more think premium can't be capable?

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maria: welcome back another big program for next weekend tune into wall street every friday night at 9:00 p.m. eastern we hope to see you and i'll see you this weekend on fox news channel for "sunday morning features" at 10:00 a.m. eastern, exclusive interviews with brian mast and michael walch, former senior advisor to president trump stephen miller and gump editorial front runner larry elder in california. join us sunday 10:00 a.m. plus

on fox business start smart every weekday 6 - 9:00 a.m. eastern with "mornings with maria" on fox business. start your day with us every weekday. that will do it for us as we can, thank you so much for watching and i hope you have a great rest of the weekend. i will see you next time. ♪. gerry: hello and welcome to the wall street journal at large i'm james freeman and for james under gerry baker. how many allies will be left behind when the united states leaves afghanistan tuesday is the deadline when joe biden in the taliban who are suddenly in charge have given our troops for departing the country. there is a sentence we never expected to utter. american