times, no doubt about that. he's the ultimate example of what can happen if you stay disciplined and consistent with your investments in life. charles: yeah. >> and, of course, he proves eating mcdonald's three times a week and drinking five cans of coke a day is the secret sauce to getting to 91. >> that's what i'm saying. clint eastwood's doing pull-ups and push-ups and eating ice cream cones. i love it. lauren simonetti, over to you. lauren: wall street ignoring the drama on two fronts as the s&p 500 and the nasdaq take the aim at two straight record closes. the dow right now down, oh, just fractionally, .01%. the s&p 500 higher by 26 points, half of 1%, and the nasdaq up 16 a 5. that is 1%. -- 165. we are just over 24 hours til the deadline to remove all u.s. troops from afghanistan. the clock is ticking for any americans still trapped in kabul

to make a last minute exit. we're going live to germany where many of the evacuees are being processed and we'll address the threat analysis as the taliban and isis-k wait in the wings. and hurricane ida now a tropical storm as the rescue and recovery efforts gather steam, we go live to the epicenter of the storm for a live report, and we talk to the port of new orleans' ceo about how this storm could further disrupt the nation's supply chain problems. breaking news, more than 1 million without power in the hot and humid louisiana are. gas prices spiking in the aftermath of hurricane ida, pummeling the louisiana coast as the a category 4 hurricane on the 16th anniversary of katrina. rescue efforts are ongoing at this hour as businesses assess the damage. we go to grady trimble live for us in new orleans with the latest update. grady, how does it look?

>> reporter: lauren, this is just some of the damage here in downtown new orleans, and you can see this brick building was reduced to rubble, and it had some historical significance, it was apparently a second home to louis armstrong, the jazz great, and he got money from the family who lived here to buy his first coronet. ability half of the state is without power right now -- about half of the state is without power right now, around 1 million customers out of the state's 2 million customers, and there are people waiting for rescues. at first light was the first time first responders were able to get out and assess the damage because even they had to go inside last night because it was too dangerous to be out. 911 systems are down, at&t down in this area. sewage is down in new orleans as well. and because of that, it is making rescue missions even more difficult. but we have seen throughout the day today both in certain parts of louisiana we've seen rescue

crews who are trying to get into position to help. there are thousands of people and hundreds of pieces of equipment standing by and, at this point, actually searching and rescuing people in various areas where that flash flooding and the storm surge basically stranded people. i also want to touch on gas prices because that is certainly something that is going to impact everyone, even people who are not here in louisiana. it's going to impact everyone across the country, and that's because several refineries are down. phillips 66, valero and exxon all have refineries that are temporarily down right now that they're trying to restore. they're down for various reasons. plus, oil and gas production was halted in advance of the storm, so they had to stop with the production in the gulf of mexico. so you can expect gas prices to increase between 3 cents to 8 cents according to gasbuddy because of the impact of this tomorrow. but as i said, lauren, the biggest priority today is

rescuing people who are stranded as we peek. we've -- as we speak. we've gone outside of new orleans, and there are certain roads that are just impassable. we didn't have cell signal in those areas, so we couldn't bring you pictures and images, but we are working to get to those locations to show you what's going on not too far, about an hour from where we are here in new orleans. that's the latest on the ground, back to you. lauren lauren if there is good news, grady, it's that that $15 billion levee system, for the most part, held up, correct? >> reporter: yeah. i mean, we're in downtown new orleans which is protected by that system, and if it didn't, we would have seen flooding in this area as well. is so the wind damage was severe here in downtown new orleans, but certainly not nearly as much flooding as you would see without that system in place. lauren: grady trimble, thank you very much. stay safe. and let's take a look right now at the s&p 500 energy index.

it is down as the storm weakens, down by half of 1%. so the storm has gone through, for the most part, the refineries offshore not damaged and then on wednesday opec plus will likely increase their output when they meet. so that's the reason why i know it seems surprising, you have a major storm, we have a hurricane, and oig prices are down. -- oil prices are down. but take a look at this, you have the price of gasoline which is not down at all. arbob gasoline at this hour, if we can flip over to that, to the upside by almost 1.5%. natural gas, let's look at that board, do we have natural gas? same story here. heating oil, you name it, heating oil futures jumping 12% over the past week as the gains do i abate. let's go to the floor show. we have phil flynn and tom hayes. phil, you just heard for grady trimble, and it looks like we are going to bear the price of

this storm across the country because the price of gasoline is expected to go up. so ian though the productioning -- even though the production offshore seems like it's okay, it's refining that production that could be the problem? >> it is. and transportation is another issue. you know, when you look at this type of storm, uni, you get optimistic, then you get pessimistic. overall, i'm optimistic they're going to be able to bring things back on line, but maybe not as quickly as some people think. and i think that's why we saw the arbob prices up 10 cents, up 2 cents. look at natural gas prices, they're getting crushed today mainly because of all the power outages. if you have a million people without power, you're not burning natural gas to power those homes, so so those prices are going down. you look at diesel fuel right now, there's a lot of concerns with diesel. but, you know, this goes beyond just the energy complex. if you look at the grain complexed today, it's getting

hammered because the mississippi river is closed down. you can't get exports and grains out of the country. all of this is going to have an impact. and as you mentioned before, lauren, the supply chain already has major issues. this is going to make it only worse with. lauren: that was a good explanation of why we're seeing nat gas down, because if you look at all of those millions of people in louisiana and in the dark and the heat, it could be for days if this situation gets worse. let's go to tom. tom, okay, if you're keeping track, the s&p 500 is looking at 53 record close is if it closes at a record high today. the nasdaq, 32 records this year. you know, it's this bull everything type of market. are you still feeding the frenzy right now? what do you think? >> yeah. well, you have a situation with the fed, it's like going to the bar at two in the morning, the bartender turns the lights on, but he still keeps serving the

liquor. [laughter] that's what's happening with the taper. you have a situation where they say we want to take the punch bowl away, but they keep serving the beverages, and everyone's still having fun. and i think that's the situation that you have. usually strength begets strength, and we've seen these 51 new record highs in historic situations that tends to persist. you also have earnings increasing. we're looking at right now about $220 to the s&p for next year, that was 200 just a few months ago, and it's probably going to go up to 230 by the end of the year. to is that's continued to give strength to the stock market generally. as it relates to the energy trade, phil said it right, it's all about the refiners. you've still got six 100% down, three 50% down. and i think as we do get closer to that taper towards the end of the year, the reopening trade is going to come back, and you want to use the short-term opportunity to start to get some exposure on the servicers side.

we like schlumberger, yielded 1.7%. producers eog, transports, energy transport and refiners, phillips 66. use any weakness in coming weeks. obviously, you've got opec on wednesday, they're going to probably announce that they're going to continue to ramp up 400,000 barrels per day, per month until the end of 2022. on that weakness, you may want to get your exposure into year end. >> all right. still dance but dance maybe by the exit. tom hayes, phil flynn, thank you very much. [laughter] and now for the latest on afghanistan. at this time, this time tomorrow, about 20 minutes to be exact, all u.s. military personnel are expected to be out of the country. so far more than 114,000 afghanis have fled the nation seeking asylum in other parts of the world, seeking safety from taliban rule. but as the clock ticks down, the efforts to get everyone out is intensifying. >> over the weekend and into today, evacuation operations

continued. yesterday 26 u.s. military aircraft, all c-17s, departed with approximately 1,200 evacuees. in total, there were 28 flights out of kabul airport in the last 24 hours which included the remaining coalition departures. lauren: so far over 15,000 of those refugees have arrived in ramstein, germany, as the government is forcing them to complete security checks. this is also where we find ashley webster. ashley, what is the scene as it is dark there in europe where you are. >> reporter: yeah. it's really a mass operation, as you can imagine, lauren. it's just after 9:00 here in germany, and still in the night sky i can see plane froms taking off. those are -- planes taking off. those are heading towards the united states full of afghan refugees who have been processed and vetted here in germany. but as i say, it is a monumental

task. 14,300 evacuees currently still here. we had six planes yesterday leave for the united states, another twelve today x they continued through the night. so we have more planes coming in from kabul and more going out to the united states. it really is quite an operation to. but for those afghans who have made it to germany, of course, they say they are delighted that they got out of afghanistan, especially with it being rule by the taliban. take a listen. >> i think the country is going in the wrong way. like, it will not be the same as it was. >> no, never. never if, -- never ever. no one wants to live there, you know in this is to wake up everybody to leave afghanistan. >> reporter: so many refugees want to come through that at one point the base here in germany said we're going to have to slow

down. take a listen. >> i haven't seen anything slow down. again, right now we're definitely, the evacuees, i did have to close operations as far as the evacuees for concern of safety. and so for a period of time yesterday, we did slow operations down. yesterday afternoon we were able to open them back up, and we are full bore. >> reporter: well, i can can tell you, lauren, one of the biggest problems they're having is actually going through the security background of these evacuees. some have absolutely no identification at all. they have to go through a long process before they're put onto a plane to come to the united states. so so that is an issue that's still being dealt with. but as you say is, time is is winding down on the deadline, about 24 hours from from now, that is the imposed deadline from the taliban. how many refugees can still get out will be interesting to see. we're expecting another 2,000 arrivals within the next 12 hours. tomorrow a pivotal a day. back to you.

lauren: it could be the most dangerous 24 hours. ashley webster, thank you very much. well, hurricane ida's wrath wrath -- the ceo of the port of new orleans joins us live next on just how much damage was done and what's being done right now to get business back. let's check the big board with moments away from the closing bell. dow, well, it's positive, it's negative, red and green all day. just to the negative by a point, but the rest of the market at record highs. "the claman countdown" coming right back. ♪♪ my retirement plan with voya keeps me moving forward. they guide me with achievable steps that give me confidence. this is my granddaughter...she's cute like her grandpa. voya doesn't just help me get to retirement... ...they're with me all the way through it. voya. be confident to and through retirement.

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♪ lauren: fox business alert. buy now, pay later is paying off for shares of the firm. jumping for a second straighting day after making a deal with amazon to bring its buy now, pay later services to some amazon shoppers. take a look at affirm shares, they're up 47% at $99.80. and amazon is also in the green at 3428, up two and a third percent. a report from apple insiders

saying satellite connectivity could be coming to the new iphone 13. that's sending shares of the service provider global star into overdrive, up 66%. apple's shares on news are up 3%, and apple is one of the big winners today not only on the dow, but also on the nasdaq. chinese gaming stocks are tumbling after beijing imposed new restrictions on gamers under the age of 18. so they can only play between 8-9 p.m. on friday, on saturday and on sunday, just three hours a week. the rule follows an attack by china's state-run media comparing gaming to, quote, spiritual opium. tencent down 1%, net ease down 3.33%. united airlines sinking on news that dozens of its 777 jet fleet could stay grounded next year stemming from an incident in

february when a united pilot and jet were forced to turn around, engine loss followed by a blaze that ripped off the engine's cover causing it to lose parts. boeing, which makes the jet, down 1.3%. and raytheon, the parent of the jet's engine maker pratt and whitney, down .4% today. more news that affects united and the other airlines told, the european union is ready to halt all nonessential travel from the u.s. because the covid infection rate is higher here than there. american airlines so down 3% and so is delta airlines today. well, new supply chain crunch, a new snag, hitting that crunch. up next, the ceo of the port of new orleans tells us how long ida-related shipping disruptions could last. let's check the big board with 40 minutes until the closing bell on this first day of the

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♪ lauren: search and rescue efforts are ramping up at hour as a louisiana slowly merges from the devastation brought on by hurricane ida. among the businesses hit, freight rails, ports, gas producers who shuttered operations for the storm. they're now waiting on the green light to resume their operations. it's adding insult to injury for many, many industries. so how will ida's delays impact the ongoing shipping crunch that has been contributing to a rise in the prices that we pay when we go to the store? we go to brandy christian, president and ceo of the port of new orleans and ceo of the new orleans public belt railroad. brandy, thanks for joining us. i'm glad to see that you're here

talking to us. i know you don't have power where where you are. what is the situation on the ground? >> well, good afternoon. it's a pleasure to be with you. yeah, as you mentioned, a big attack here in the new orleans region. the biggest issue we have here is no major structural damage at the port of new orleans, but really it's an access to power. significant damage to the power grid here, so we're assessing with local leaders how long it'll take to get power back to the area. so, obviously, that is our biggest challenge for the local ports here. lauren: and that's when shipping could resume? i mean, it's a good thing there's no structural damage. you know, back when katrina hit 16 years ago, the port was closed for 15 days. you don't expect that to happen this time around, do you? >> absolutely. i think one of the big differences is since katrina the federal government and the army corps, we've invested over $14 billion in the federal levee system here, so we were very

forchew a nate, this was -- fortunate, this was definitely a wind event, significant impact on the electrical system. there was some localized flooding but, really, a lot of wind damage. and so for us, it's the electrical systems to get the trains operational and, obviously, having electricity, water supply really being able to have the labor force back in their homes will be key. so really, i think, assessing the situation for power supply is going to be the most important. but we were able to do some on the ground site assessment. as i mentioned, no major damage to major ports' abilities. again, we're fortunate the majority of all of our facilities are behind federal -- [inaudible] lauren: okay. can you just describe or categorize the impact this could have on consumers who are already facing high prices for meat, plastic items, you name it

when we're at the store? >> certainly. you know, as we've kind of talked about over the last six month, you have a lot of tight markets with the supply chain, a lot of imports particularly on the container side of the business coming into the country. and anytime we see a natural disaster, that has an impact on the supply chain. with the port of new orleans, we're a major exporter of petrochemicals, plastic resins. those are used in packaging as well as frozen poultry that comes out of louisiana farms. depending on how long it takes for us to restore power, that could be days, it could be a week or so, typically what will happen on the container side of our business is that you'll see those containers get with rolled or pushed over into a trans shipment hub either into the caribbean or picked up in mobile or houston. to there'll be some transportation -- so there'll be some transportation costs there

and some slight delays, but we are pretty good at working with our partners to help our customers and if carriers get those products moving. so we'll work to get our port up and running as fast as we can with. lauren: but, brandy, those merchants are already spending an arm and a leg to get their goods in those containers to be shipped. i mean, between the price of fuel and the supply chain issues and the lack of containers due to covid, now you haveing a storm impacting that further, so what are the prices going to be? >> absolutely. you know, there's always a cost impact, and you see something like a natural disaster last minute, a shipper has to make a change the their supply chain. i think one of the benefits that shippers have really looked at over the last year or two with the pandemic is they have really learned to build some flexibility into their supply chain, making sure that they have some backup plans, that

they have multiple ports of entry. luckily, here in new orleans we have railroads, a number of trucking companies that have a lot of access to mobile and to houston, a lot of relationships to help them make some quick moves if needed. fortunately, we have not seen any structural damage to our rail lines as well as ports, so we should have a lot of flexibility in assisting them with alternative plans if we can't get he can rickal power up the next couple of days d remember rickal. -- electrical power. lauren: are am i being overly optimistic many saying you sound is optimistic to me? [laughter] >> overall, we feel -- it's significant damage, but considering the level of the storm, we're very pleased that it was not a major flooding event. it could have been much worse. we're highly concerned about the welcome lekiccal -- electric

call situation, also within the gulf, so we're optimistic. everyone's working hard to get us back up and running as fast as we can. it's always -- with these natural disasters, the supply chain, we really worked hard to build some flexibility into the supply chain -- lauren: good thing you do. yeah. brandy christian, thank you for the time and good luck to you. >> thank you so much. thanks for the time. lauren:ing the u.s. wrapping up evacuations as it looks to end what's been called the forever if war in afghanistan; but could a new war with isis-k just be beginning? washington lead paris with the assessment in moments. the market is mixed, the s&p up not only at another record high,

but it could be seven months in a row of record highs. we isn't seen that since january of 2018. the nasdaq up 148 today. we're coming right back. tors bae risk and reward, i see one element securing portfolios, time after time. gold. your strategic advantage.

♪♪ if. >> i can tell you that the president has made clear to the commanders that they should stop at nothing to make isis pay for the deaths of those american service members at the kabul airport. but he has directed them to go after and to kill these isis terrorists who have taken the lives of the men and women serving our country. lauren: that was white house press secretary jen psaki making those comments just moments ago, but the u.s. has already struck back against the islamic state in a drone attack yesterday in kabul. the white house says the attack stopped an isis suicide bomber that was on his way the attack the airport. the drone strike, the second the u.s. army has carried out since last thursday's terrorist attack that that killed 13 american troops and a number of afghan

civilians. so what is the real threat to american citizens and businesses from isis-k? we're joined by fox business contributor washington lead paris. thanks for joining us. >> very important to explain what do we mean by hitting back at isis-k as in the past few days. exchange of fire with an an army that wants to occupy immediately when we leave. so these are tactical successes, but we should explain to the public that we have surrendered all of afghanistan with all of that huge list of billions of dollars' worth of very advanced weapons. that's big picture in contrast with statements by the white house. but more importantly, obviously, when the taliban will be able to organize themselves, they are opening the path for all these

jihadi groups including al-qaeda. just today we saw the video of one of the top al-qaeda leaders coming from pakistan and the taliban, opening the path, and now you're going to have isis-k, al-qaeda, haqqani, also other jihadi organizations around the world being based and protected by the taliban. what would that mean is that these organizations can, from pakistan -- from afghanistan and through the other countries where they have chapters including in europe and in the united states -- administer strengths not necessarily immediately, but in the weeks, months and years to come. lauren lauren so that sounds menacing, and aisle looking at in the immediate -- i'm looking in the immediate future, urn 24 hours before the biden administration is getting our troops out, at this time tomorrow what leverage, if any, does the united states have with people who don't like us? >> that's a great question.

first at the airport where we are completely surrounded at the airport, we have the power to respond tactically. but once we are outside afghan soil, we will only have the capacity of launching missiles or tomahawks from somewhere in the region, but that is not going to deter the taliban, nor al-qaeda. when we were inside afghanistan with our entire armed forces and our bases, we were not, you know, able to completelyly eradicate them. now that we out, you can imagin- now that we are out, you can imagine if. we have the answer here. lauren: so what do we do with thousands of our allies who were not able and will not be able to evacuate? what's the outlook for them? >> in my view, nothing to do with politics, the administration made major strategic mistakes, but we're here. i will make a distinction

between two things. the group of american citizens will be evacuated probably in coordination with the friends of the taliban, two countries that are now want to administer or manage the airport. that would be qatar and now turkey who wants to take over some of the economic projects in afghanistan. so i would say for americans, it would be long, it will be painful, but they will be extracted. i'm not in that positive about our allies, the afghanis, because the taliban have already shown even when we're still there that they have arrested, tortured, killed and now once we are out of the airport, that's very important, we won't have international press to cover. so that that's the moment that i fear the most where the taliban will go after every after a began who worked with their government and with us and with nato. [inaudible conversations] lauren lauren -- made an excellent point, she said we fault the media for always

calling in the forever war. of course no one wants to be at war forever with afghanistan, but maybe that's not how we should have phrased it. maybe it should be considered a permanent strategic outpost. we need some sort of presence to keep these terrorist groups at bay. would you agree with that in. >> absolutely. absolutely. you framed it very, very well. we have 35,000 troops between two koreas. we have been there for, i don't know, 60 years? what will happen, the north koreans will invade all the way to the shores. we have forces now that we have in estonia facing the russian buildup. so it is not that afghanistan was the only place in the world where where we have deployed. and guess what? we had deployed only 2500 military versus the other bigger deployments. i think this argument is being pushed by the administration and by the lobbies of the allies of the taliban to just put, you know, some emotional pressure on the american public, and they were successful. lauren: yeah. and finally here, as we wrap

this up, if you look at the economy in afghanistan, they're sitting on, what, a trillion dollars in these critical minerals like lithium used for batteries in electric vehicles, etc. do you think the chinese or the russians are going to to go in and economically boost them to extract those minerals? and if so, does that put the u.s. at a disadvantage? >> already the u.s., by leaving the country, is at a disadvantage. that's done. is so now the competition is going to be those who are going to move in. the taliban already have friends, have allies, and i just mentioned qatar, pakistan, some circles in pack a stand. they will decide, they will choose which chinese company will come in. we were told that they have some arrangement with some of the chinese, but those making the money will be the allies of the that'll lap and the leadership of the taliban, and we will be out. lauren: what a blunder.

walid phares, thank you so much for the time. >> thank you very much. lauren: 91% of oil production is offline thanks to that powerful and deadly hurricane ida. up shipping in and out of the -- shipping in and out of the gulf is at a standstill. andy lip pow is here with a look at your portfolio. before the closing bell on wall street, dow still down, down 30 possibility uses, but -- points, but the rest of the market hitting record highs. "claman countdown" coming right back. ♪ ♪ that spin class was brutal. well, you can try using the buick's massaging seat. oh. yeah, that's nice. can i use apple carplay to put some music on?

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for order flow is in the crosshairs of the sec. it was during an interview with barrons' where chairman gary gensler says that a full ban, basically slowing your order flow -- a practice common for robinhood, e-trade and others -- is on the table saying it is an inherent conflict of interest. this is something that robinhood outlined as a risk in its ipo prospectus. payment for order now makes up, it's how it makes its money, about 80% of its revenue. that is a story investors are certainly watching. let's take a look at bitcoin, sliding after billionaire investor john paulson just called cryptos a, quote, worthless bubble. the hedge funds manager also said cryptos are a limited supply of nothing. that is a quote.

it's pushing the price of bitcoin down, lithium down, here to yum is climbing to the up-- ethereum is climbing, so mixed picture, but overall crypto moving lower. and the largest gas pipeline in the u.s., the colonial pipeline, says it expects to resume full services once it assesses the impact of hurricane ida on its operations, this after it temporarily halted fuel delivery from houston the greensboro, north carolina. it supplies half the fuel to the east coast of the u.s. hurricane ida the has pummeled the u.s. gulf coast, knocking out most of region's offshore wells and export facilities. as a result, just ahead of labor day, gasbuddy is predicterring the national average -- predicting the national average to rise 3-8 centings.

would you agree with the prediction? >> yeah, i have a more modest increase of about 5-10 cents a gallon given that we've seen futures up a few cents especially in light of the number of refining averages we have as well as the colonial pipeline shutdown. lauren: how many, about half a dozen refiners are offline at this hour, is that correct? and if so -- [inaudible] >> well, right now the count is up to about a eight out of the nine refineries in the baton rouge/new orleans area have shut down. that represents about 1.5% of -- 12.5% of the nation's refining capacity. it's still unclear how long they would be down because we haven't been able to assess the amount of damage from waves or flooding. if you recall last year when hurricane laura hit louisiana as a category 4, those refineries in lake charles, they were down for a good 6-8 weeks. so right now the information is

limited, access is very poor to some of these locations as roads continue to be blocked. lauren lauren wow, 6-8 weeks, that would be devastating not only for consumers, but for businesses who are already spending an arm and a leg to get items where they need to go because of covid-19. >> well, that would be the worst case. the good news is, is that the refiners in the baton rouge area, they've shut down, but they haven't been damaged. while as in new orleans, three refineries just upriver of new orleans, it seems that they are still okay, they haven't received any flooding damage that we're aware of. but we're still waiting the prognosis. lauren: so, andy, what happens if the oil production comes back online a lot faster than the refining production in. >> well, we do have or storage for the oil production, and we will export whatever the

refineries don't use. we've got a major cavern storage in louisiana near the coast. it's got about 70 million barrels' worth of storage capacity that could be used. but the industry would be able to easily deal with crude oil as it gets restarted. but i think even the crude oil production in the gulf of mexico is still several days away from restarting because it delivers that to onshore facilities that are in low-lying areas such as empire and gibson. lauren: you really know your math, andy, that's why you're the expert here. as an expert, what what advice d you give the administration? >> well, i think there's two things. one is we're on the cusp of the winter grade gasoline, so they should issue waivers so winter grade gasoline could immediately be sold. that helps to temper increases in price. and given that the colonial

pipeline is down, we're amassing refined products in texas as those refineries can't deliver to the southeast and mid-atlantic markets, so they should already be looking at jones act waivers in order to move more barrels by oil tanker over to the florida and southeast markets. lauren: andy lipow, thank you for the information. >> thank you for having me. lauren: today's countdown closer is locked and loaded on one defense top that's poised to pop. sarge guilfoyle takes aim when "the claman countdown" comes right back. the dow is down 45 points. we'll be right back. ♪♪ 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.

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♪. >> closing bell ringing in four minutes. s&p 500 about to ring up its 53rd record close in 2021.

32 if you're counting for the nasdaq. the dow lagging today. as markets aim for new all time highs, today's "countdown" closer there is room in the defense sector that is standing out because of the tensions in afghanistan. we bring in steve sergeant guilfoyle. good to see you, steve. >> kratos. ktos, for those that don't know. one of my favorite stocks on and off for many years. only prices four times price to sales. three times book. trading 76 times forward earnings, but not that overvalued. what they do, they sell weapons for cybersecurity, not for cybersecurity, but for satellite, space, all kinds of cyber warfare. they provide drones, to the navy, to the air force, to the army and to the marine corps. that business alone is up 43%.

that business is up little slower, 40.8% that drone business will be necessary now in a much bigger way than it was anymore. as boots leave the ground only way to keep an eye on folks to fight them is from above for an unmanned craft. lauren: sounds like a diversified play. the report that comes on friday is the august jobs report but you're saying, sarge, you say it is meaningless and meaning less for the fed. why is that? >> we have 11 million folks coming off the federal payroll next week on labor day. that makes this unemployment august situation almost meaningless. the fed has to watch numbers come out in october and november or september and october. so they can make a decision by year's end. i don't think they can possibly start taper before december. that is the first month they can possibly go. that is only if everything else

is okay during the pandemic labor markets. how will they absorb 11 million folks? it will suppress wage growth. i think the economy stumbles late in the year. lauren: the calendar might not help t seems to me at least everything is higher. it is just -- september has a bad track record. so you're going to have these people coming in to the labor market in a month when stocks usually don't so so well if history is any guide. >> i'm setting up for september. i got nervous in august. i'm 20% cash right now. i am thinking that as delta moves north, moves into the midwest, moves west, delta variant i mean of covid virus i think we'll have a bit of a hiccup with schools. you have probably schoolchildren that age, they're in school with teachers in person.

i do fear that, that increases household spread in a lot of states that have not been so impacted by delta just yet. i do think if not lockdowns, certainly cautious behavior. we've seen that all across lodging and across travel right now. everything slowed down. almost all businesses that would bring folks back to the office put the brakes on those plans. so the economy is going to be a little slower here in q4, q3, q4 than we hoped for. lauren: morgan stanley is move around that. they say you should buy financial stocks, in the event interest rates go up and services because services are not -- they're impacted by delta. they're not as impacted by inflation. would you agree with morgan stanley? >> i don't agree with them on financials. i think financials will have a hard go of it. i don't think interest rates will go as high and fast as a lot of people think. i think right now interest rates are stuck where they are. the treasury will be borrowing less, unless they get this big

fiscal package they're trying to get. now the democrats have a lot less political clout than they did a short while ago. so i don't think they push the fiscal package as far as they can go. i think rates have a hard time rising into the end. year. [closing bell rings. lauren: sarge guilfoyle, thanks so much. that does it for me. we open the week with two straight record closes. "kudlow" is next. ♪. larry: mellow, everyone, welcome to "kudlow." i'm larry kudlow. let's begin with this sentiment. we mourn the passing of the 13 brave servicemembers who made the ultimate sacrifice in kabul. they were freedom fighters. we salute them for it. we salute them and provide all condolences to their families. once more, we pray that the 200 or so who are injured in that battle will recover. we pray for them