seconds, why? >> the engineer human tissues mostly blood vessels, these are available and off-the-shelf you can transplant them and anybody, where is it used, trauma where you don't have a chance to harvest dialysis, artery disease, over a billion company at less than 200 million. charles: that stock is on the move, we always appreciate it, lauren sim and eddie is in for liz claman i'm heading over to your. >> we have breaking news we expect president joe biden to deliver remarks on the longest war at any moment, 20 years ago american troops were sent into afghanistan in the months following the 9/11 terror attack 2442 u.s. service members died in afghanistan thousands were injured were taking eli to the white house as soon as president biden begins his first address to the nation since the last ufc

soldier left kabul. now the diplomacy, or power panel is here to walk us through the challenges arise in the end war from dealing with the taliban to expo trading up to 200 american citizens and thousands more afghan allies. plus the gulf coast trying to put homes and businesses back together again after the deadly hurricane ida left billions of dollars of damages in her wake. were headed to louisiana for a live report from the center of the disaster. meanwhile markets are mixed on the final trading day of august if the s&p 500 and the nasdaq can make any gains in this final hour it'll mean three straight record closes for those two major averages, the dow down 35 points. let's take a live look at the white house, any moment president joe biden is expected to address the nation regarding the ending of the longest war in u.s. history.

the war in afghanistan all u.s. troops have departed go to the white house and edward lawrence. what message and what tone is the president expected to deliver any minute. >> that's exactly what were wondering ourselves it will probably be a tone of victory that ended the 20 year war in afghanistan. stunning pictures coming out of afghanistan right now of taliban warriors wearing full u.s. military gear, they're using humvees in body armor and night vision goggles carrying u.s. rifles and posing for pictures and video of the taliban practicing flight a black hawk helicopter at the airport they seem to be more equipped that the u.s. left this equipment behind then they were 20 years ago when the u.s. wanted to get isis in the first place, the state department spokesperson defended the u.s. leaving this equipment behind. listen. >> the kinds of equipment we are talking about certainly there's lithology, it doesn't pose a

threat to the united states and it doesn't pose a threat to neighboring nations, these are not the kinds of things that the taliban and make strategic use out of. >> from a statement from the white house we can understand the president is going to think the military commanders for facilitating getty 124,000 people out of afghanistan as u.s. american citizens and the afghan allies in a statement from the white house he adds this, he will make clear that as president he will approach our foreign policy through the prism of what the international interest including how best to continue to keep the people safe. a chilling warning from the embassy in kabul before everybody pulled out telling americans of the country keep a low profile, notified trust the person of your travel and movements and make contingency plans to leave when it's safe to do so but do not rely on u.s. government assistance. the a administration acknowledging they left

100 - 200 american citizens as well as other afghan allies in the country when they left. lauren: edward lawrence, thank you for a preview and for those pictures. it is really scary stuff, the war is over but this fight to bring american and allies homes is far from over preacher the u.s. consider a relationship with the taliban to do that we bring in former assistant secretary of state and secretary security and exfiltration expert and to discuss. bob let me talk about can we continue and should we continue as we work to get our people and our friends out? can we trust them? >> we have to deal with what is on the ground in the taliban is now running the show for the most part of the country and if

we need to work with them to get americans and allies or friends of the united states out were probably going to have to do that. in addition there is another problem that were talking about and that is isis k in the taliban and isis k are archenemies and we may have to work with the taliban to suppress them. they in fact were part of the agreement that president trump made earlier that we would work with the taliban or the taliban would find ways surprising isis k. so that's another area where we might find yourself having to work with the taliban. central asia is a very complicated place. sometimes you have to do things you otherwise probably would not like to do in the interest of meeting the needs of the united states and its allies in

preserving our security. lauren: that goes along the line of the enemy of the enemy as our friend but kelli we just heard from edward lawrence and we saw pictures of the taliban using our military equipment, billions and billions of dollars worth, john kirby says they can't do anything with it. can they sell it to countries that don't like us? like china or iran for instance and then get cash. you are working with people on the ground in safe houses, you have ran out of safe houses to put these people in, our allies in. would they leave a safe house when the taliban has our equipment and can harm them is. [crowd boos] i would like to take a moment i think the suicide bomb last thursday from an exfiltration standpoint and many other standpoints could change everything from the situation at

the gate to exfiltration plans that we had from the underground network on moving people and vehicles with cover stories is all gone now. i have american citizens, afghans that served with our united states military and siv special immigrant visa holders that qualify for asylum in the u.s. and refugees, i cannot get them out in my job for years has been to get these people out of bad places quickly and quietly, i tell you i've never seen anything like this in my career. you do not leave people behind. we cannot navigate roads or conduct air lifts without the support and landing permits of the united states government. if you look at a map the borders or cover with taliban the taliban has been running the show for quite some time. we are at a standstill. lauren: how do we get them out? >> i am not the expert and exfiltration into very couple can you process.

but it is something that we have to do, we cannot leave him behind, i totally agree and it may well be that you have to have some arrangements with the taliban which were included in the agreement that was made by the last administration that the taliban would help us to deal with certain issues that we are going to face particularly dealing with isis k. lauren: let me ask you this you do have expertise in this area. we are approaching the 20th anniversary of 9/11. considering the position of the united states right now in the situation on the ground in afghanistan where we do not have troops and cameras. do you think the homeland is safe. >> to i think the homeland is safe, i think we are going to have to leave that to the military but were going.to be

very vigilant about the fact that a lot of fighters have moved into afghanistan in the last several months already. we don't know whether the taliban will be able to control isis k if it wants to which it said it does, obviously we will have to wait and see what they're prepared to do. but it's an odd situation. the irony we can find ways of working with other countries of the region who were concerned about foreign fighters using the base of afghanistan as in the past to go into or cause very serious damage in areas not just in the periphery of afghanistan but the chinese and the russians are concerned in the chinese foreign minister made a statement about avoiding china

working to avoid any infringement on the territory of countries in the region and certainly of china particular western china. the russians have conversations of the taliban to make sure the taliban kept the jihadist under control. if were going to make america safe we have to do a lot ourselves to protect ourselves and maybe we will find ways of working with friends and allies and other countries who fear the same jihadist terrorist acts that we are concerned with. lauren: as we await for president biden to make his first televised remarks since the end of the war in afghanistan, what tone do you expect president biden and what tone should he take he has received criticism for being callous into a situation you

told her people to wait by the phone that phone never rang and that phone never rang and he came to the that serve to provide us to come out of hiding and risk their lives and go to the gates and never open for them they called and no one picked up we left them we left them with broken promises and the view of freedom or barbed wire fences, the only hope is volunteers working to get these people out, staying up through the night, working in core needing aircraft. my hope for this press conference today that president biden understand right now there are only bad options, we are trying to pick the best one. >> i hope we do pick the best options. as we continue to keep her eye on the white house were president biden is expected to address the nation were gonna go

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lauren: as we wait for president biden it marks the last trading day of august in the average is solid gains, the dow up 1.1% this month and the nasdaq up 4% and the s&p 500 higher by nearly 3%. the s&p 500 is up for the second month in a row i bring that up because of the longest winning streak since january 2018 the biggest gain pay, and ball court, pay, up 22%. let's take a look at the sectors communication services are of the most 5% each, energy up the least it is down 2.2% in august. come on in u.s. wealth management cio eric freedman and john.

do you see the s&p 500 rising to 4800 by the end of the year end 5060 by the end of next year, my question what is the same simple market, consumer confidence down, retail sales, disappoint, regional manufacturing they missed their target, what is the same. >> the biggest driver and sustainer is good old-fashioned earnings and companies continue to deliver as you mentioned a mixed sector but as a general statement receive technology companies even healthcare leisure and hospitality still delivering. bottom line it was a little too conservative on the way in this year and there catching up the rising earnings we think ultimate the bottom line what companies are bringing home will sustain to higher prices for the end of this year end next year as well. lauren: i would add to that it is also earnings estimate that is going forward, profit margins

being strong but when you look at inflation and the higher cost of everything when does not or does that deteriorate. >> hope all is well, clearly that is something we have to look at and price in to what's going on earnings season outlook moving forward managing expectation on investors that are out there but inflation is something were keeping our eye on how does that affect companies how does that affect pricing in the individuals ride down to main street how's it going to be a factor there. i think that being one of the headwinds were gonna have in the next quarter coming up it has to be a little bit choppy, add delta variant to that investors will be happy with results that they've gone this year the probably use the next month or so to watch and see how this market can tighten itself up as we get closer to year end. lauren: maybe there watching and seeing because it is september and seasonally one of the worst

months of the entire year do you think the seasonal trends still hold true or do you think investors will put money to work in the new month. >> i think there's probably more of a headline issue regarding covid and covid spread into your point september has been not the most friendly month for equity markets over time and we do think back-to-school season the return to work and return to office season will be really critical and we have to keep in mind were around the corner of significant holiday months as well so we do think while seasonality does not set up well in the short term we think the pace of covid spread is an eyecatcher for markets and not as much here but a lot having to do with supply chain and aging in particular those of the things were paying close attention to. lauren: when you look at the delta variant are we at the point where there is virus fatigue and while it matters, absolutely supply chain to the health of the nation of the world are we just throwing her hands up in the air.

>> i don't know for at that point just yet clearly there is fatigue we've been in this for 16 months but there's also the fear of the unknown, what could this lead too, what are the strands are out there and what can i do to shift our day-to-day life and shift our economy, one thing that is good for us we have been through this and gone through shutdowns and re-openings and continually go through masks, schools, workplace return to work. i think people do feel like we have to turn the nozzle every once in a while and what that's going to look like but the unknown is clearly going to be affecting everyone's psyche but a business point of view it's amazing how they have been able to weather the storm and get to this so from an economic point of view if there are other strands that come down the have major impacts on our economy and day-to-day living i don't think were gonna see a significant financial pressure that we saw

before back about a year ago. lauren: sad but true we know how to get through this and if you look at the quarter performance for the big tech names which continue to do well google is up 18% so far this quarter. jonathan and eric, thank you. >> thank you for having me, take care. a tale of two digital all-stars why fubotv is popping in zoom is dropping, that story straight ahead we will explain in a crypto bitcoin struggling to hold just about 47000 out this point a theory him is higher by 2.7% it is having its best month since april and light point up 51%. coming right back. ♪

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through the state dining corridor and and we will hear from him today it marks the deadline to pull out of the country after 20 years of america's longest war. we have pulled out we will bring you the comments as soon as they happen. let's turn back to the market for a moment virgin galactic taking in today's pop stocks jeffries strapping into the ride space tourism startup initiating shares with a 33-dollar price target and that figure up 33% from yesterday's close clearly high hopes for the future of space travel and the demand, space shares almost up. upgrading those to a biopotential growth and physical toys and fashion and into the nft the non-fungible token market, though shares up 6.7%. fubotv climbing higher after approval to offer online sports betting in iowa it is a key step

in the streamers plan to launch the mobile sports book in the fourth quarter fubotv shares of five and half% one of the biggest winners of the pandemic particularly last year is just getting slammed today guidance leaving shares on track for the worst day of 2021 the videoconferencing giant also wayne on call centers 59 which is zoom announced it was buying in a 15 billion-dollar deal last month let's take a look zoom is down 16.5% 59 down 15%. zoom is an interesting story because so many of us were stuck at home we relied on zoom to work and see family and friends and take classes but they cannot keep the growth out. you are looking right now at the podium were president joe biden

will deliver his first remarks, public remarks, his statement if you will on the u.s. withdrawal from afghanistan after nearly 20 years to the day. the last american troop left yesterday and we will hear from the president as he comes to the podium now and we will listen to the tone he strikes, the message he sends from making that decision and how we move forward to get our american friends and allies out. >> last night in kabul, united states ended 20 years of war in afghanistan. the longest war on american history. we completed one of the biggest airlift in history with more than 120,000 people evacuated to safety. that number is more than double of most experts thought were possible. no nation, no nation has ever

done anything like it in all the history. only the united states have the capacity and the will and the ability to do it and we did it today. the extraordinary success of this mission was due to the incredible skill, bravery and selfless courage of united states military and our diplomats and intelligence professionals. for weeks, they risk their lives to get american citizens, afghans who helped us, citizens of our allies and partners and others on board planes and out of the country. and they did it facing the crush of enormous crowds seeking to leave the country. and they did it knowing isis-k terrorist sworn enemies to the taliban were lurking in the midst of those crowds. and still the women and men of the united states military are diplomatic corps, or intelligence professionals did their job and did it well. risking their lives, not for

professional gains but to serve others. not an admission of war but in a mission of mercy. 20 service members were wounded in the service mission, 13 heroes gave their lives. i was just at dover air force base for the dignified transfer. we owed them and their families a debt of gratitude we can never repay but we should never ever, ever forget. in april, i made a decision to in this war. part of that decision we set the date of august 31 for american troops to withdraw. the assumption was that more than 300,000 afghan national security forces that we had trained over the past two decades and equipped would be a strong adversary in the civil wars with the taliban. that assumption that the afghan

government would be able to hold on for a period of time beyond military drawdown turned out not to be accurate. but, i still instructed our national security team to prepare for every eventuality, even that one. that is what we did. so we were ready when afghan security forces, after two decades of fighting for their country, and losing thousands of their own, did not hold on as long as anyone expected. we were ready when they and the people of afghanistan watch their own government collapse and the president flee amid the corruption of malfeasance, handing over the country to the enemy the taliban. and significantly increasing the risk to u.s. personnel and our allies. as a result, to safely extract american citizens before august 31 as well as nbc

personnel, allies and partners and those afghans who have worked with us and fought alongside of us for 20 years, i had authorized 6000 troops, american troops to kabul to secure the airport. as general mckenzie said, this is the way the mission was designed. it was designed to operate under severe stress and attack and that is what he did, since march we reached out 19 times to americans in afghanistan with multiple warnings and offers to help them leave afghanistan all the way back as far as march. after we started the evacuation 17 days ago we did initial outreach and analysis and identified around 5000 americans decided earlier tuesday and afghanistan but now wanted to

leave. our operation allied rescue ended up getting more than 5500 americans out and we got out thousands of citizens of diplomats from those countries that went into afghanistan with us to get bin laden. we got out locally employed totally 2500 people. we got thousands of afghan translators and interpreters and others who supported the united states out as well. now we believe about 100 - 200 americans remain in afghanistan. with some intention to leave. most of those remain are dual citizens. longtime residents that earlier decided to stay because of their family roots and afghanistan. the bottom line, 90% of

americans in afghanistan who wanted to leave were able to leave. and for those remaining americans, there is no deadline, we remain committed to get them out if they want to come out. secretary state lincoln is leading the continued diplomatic efforts to ensure safe passage for any american, afghan partner or foreign national who wants to leave afghanistan. in fact just yesterday the united nations security council passed a resolution to send a clear message about the international community expects the taliban to deliver on moving forward, notably freedom of travel, freedom to leave and together were joined by 100 countries that are determined to make sure the taliban upholds those commitments, it will include ongoing efforts in

afghanistan to reopen the airport as well as overland routes allowing for continued departure for those who want to leave and deliver humanitarian assistance for the people of afghanistan. the taliban has made public commitments, broadcast on television and radio across afghanistan. on safe passage for anyone wanting to leave including those who worked alongside americans. we don't take them by their word alone but by their actions. we have leverage to make sure those commitments are met, let me be clear maybe august the 31st is not due to an arbitrary deadline. it was designed to save american lives. my predecessor the former president, signed an agreement with the taliban to remove u.s. troops by may the first months

after i was inaugurated. it included no requirement the taliban workout a governing arrangement but the afghan government but it did authorize the release of 5000 prisoners last year including some of the taliban top were commanders among those who just took control of afghanistan. by the time i came to office the taliban was the strongest military position since 2001. controlling or contesting nearly half of the country. the previous administration agreement said if we stuck to the may 1 deadline that they had signed to leave by the taliban would not attack any american forces but if we stayed all bets were off. so we were left with a simple

decision. either follow through on the commitment made by the last administration and leave afghanistan or say we weren't leaving and commit another ten of thousands of more troops going back to work. that was the choice, the real choice. between leaving or escalating i was not going to extend this forever war. and i was not extending a forever exit. the decision to end the military lift operation at kabul airport was based on a unanimous recommendation of my civilian and military advisors, the secretary of state, the secretary of defense, the chairman of the joint chiefs of staff and all the service chiefs and the commanders in the field. their recommendation was the safest way to secure the passage of the remaining americans and others out of the country was

not to continue with 6000 troops on the ground in harm's way in kabul and rather to get them out through nonmilitary means. in the 17 days that we operated in kabul after the taliban sees power we engaged around-the-clock effort to provide every american the opportunity to lead. our state department was working 24/7 contacting and talking, and in some cases walking americans into the airport. again, more than 5000, 500 americans were airlifted out. for those that remain we will make arrangements to get them out if they so choose. as for the afghans, we and our partners have airlifted 100,000 of them.

no country in history has done more to airlift out the residence of another country then we have done. we will continue to work to help more people leave the country who are at risk. we are far from done, for now i urge all americans to join me in grateful prayer for our troops and diplomats and intelligence officers who carried out this mission of mercy in kabul and the tremendous risk to such unparallel results. and airlift, and evacuated tens of thousands to a network of volunteers and veterans who helped identify those needing evacuations, guide them to the airport and provided them with their support along the way. we are going to continue to need their help. we need your help and i'm looking forward to meeting with

you. and to everyone who is now offering or who will offer to welcome afghan allies to their homes around the world, including in america, we thank you. i take responsibility for the decision, now some say we should've started a mass evacuation sooner. couldn't have this been done in a more orderly manner? i respectfully disagree. imagine we have begun evacuations in june or july bringing thousands of american troops and evacuating more than 120,000 people in the middle of the civil war. there still would've been a rush to the airport. a breakdown in confidence and control of the government. and it still would've been very difficult and dangerous mission. the bottom line is there is no

evacuation from the end of the war that you can run without the kinds of complexities, challenges and threats we face, none. those who would say that we should estate indefinitely. for years on end, they ask why do we just keep doing what we were doing. why do we have to change anything. the fact is, everything had changed. my predecessor dealing with the taliban, when i came into office we face the deadline, may 1. the taliban onslaught was coming we faced one of two choices, follow the agreement of the previous administration and extended to have more time for people to get out or send in thousands of more troops and escalate the war.

to those asking for third decade of war in afghanistan, i ask what is the national interest. in my view, we only have one. to make sure afghanistan can never be used again to launch an attack on our homeland. remember why we went to afghanistan in the first place? because we were attacked by osama bin laden and al-qaeda on september 11, 2001. and they were based in afghanistan. we deliver justice to bin laden in may 2, 2011. over a decade ago. al-qaeda was decimated. respectfully suggest you ask yourself this question, we've been attacked on september 11, september 112,001 from yemen instead of afghanistan.

would we have ever gone to war in afghanistan? even though the taliban -controlled afghanistan in the year 2001. i believe the honest answer is no. that is because we had no vital interest in afghanistan other than to prevent an attack on america's homeland and our friends. and that is true today. we succeeded in what we set out to do in afghanistan over a decade ago. and we stayed for another decade. it was time to end this war. this is a new world the terror threat has metastasized across the world well beyond afghanistan. we face threats in somalia, al-qaeda affiliates in syrian and their radio peninsula. and isis attempting a fight in

syria and iraq in establishing affiliates across africa and asia, the fundamental obligation of the president in my opinion is to defend and protect america. not against threats of 2001 but against the threats of 2021 in tomorrow. that is the guiding principle behind my decisions by afghanistan. i simply do not believe that the safety and security of america is enhanced by continue to deploy thousands of american troops and spend billions of dollars a year in afghanistan, but i also know that if the terrorism continues in the pernicious and evil nature but it has changed expanded to other countries, our strategy has to change too.

we will maintain the fight against hers in afghanistan and other countries we just don't need to fight a ground were to do it. we have what's called over the horizon capabilities. which means to construct terrorist targets without american boots on the ground very few if needed. we have shown that capacity in the last week who struck isis k remotely days after they murdered 13 of our service members and dozens of innocent afghans. and to isis k, we are not done with you yet. as commander-in-chief i firmly believe the best actor gardner safety and security lies in a tough unforgiving targeted, precise strategy that goes after

today not where was two decades ago. that's with international interest. and here's a critical thing to understand. the world is changing. we are engaged in a serious competition with china, we are dealing with the challenges on multiple fronts with russia. we are confronted with cyber attacks, nuclear proliferation. and competitive to meet these new challenges in the competition for the 21st century. we can do both, fight terrorism and take on new threats that are here now and will continue to be here in the future. there is nothing china or russia would rather have and want more in this competition, the united states could be brought down another decades in afghanistan. as we turn the page on the

foreign policy that is guided our nation the last two decades we have got to learn from our mistakes. to me there are two that are paramount. first, we must set a clear achievable goals, not ones we will never reach. and second, we must stay clearly focused on the fundamental national security interest of the united states of america. this decision about afghanistan is not just about afghanistan, it is about ending an era of major military operations to remake other countries. we saw a mission with counterterrorism in afghanistan getting terrorist and stopping attacks morphed into a an encounter insurgency nation

building, trying to create a democratic cohesive in afghanistan, something that is never been done for many centuries in afghan history. we learned from that mindset and those large-scale deployments will make a stronger and more effective and safer at home. and for anyone to get the wrong idea, let me say it clearly. to those who wish america harm, to those who engage in terrorism against us or our allies, know this. united states will never rest, we will not forgive, we will not forget, we will hunt you down to the ends of the earth and you will pay the ultimate price. let me be clear, we will continue to support the afghan people through diplomacy, international influence and humanitarian aid, we will

continue to push for regional diplomacy and engagement for violence and instability. we will continue to speak out for the basic rights of the afghan people especially women and girls as we speak out for women and girls all around the globe. and i'd been clear that human rights will be the center of our foreign policy. the way to do that is not through endless military deployments. but through diplomacy, economic tools and rallying the rest of the world for support. my fellow americans the war in afghanistan is now over. i am the fourth president that faces the issue whether and when to in this work. when i was running for president, i made a commitment to the american people that i would in this war, today i have honor that commitment.

it was time to be honest with the american people again, we no longer had a clear purpose and open ended mission in afghanistan, after 20 years of war in afghanistan i refuse to send another generation of america's sons and daughters to fight a war that should've ended long ago. after more than $2 trillion spent in afghanistan and researchers of brown university estimated would be over $300 million a day for 20 years in afghanistan, for two decades. yes, the american people need to hear this, $300 million a day for two decades. you take the number of 1 trillion mini say, that is the $150 million a day for two decades. what have we lost as a consequence of opportunities.

i refuse to continue a war that was no longer in the service of the vital national interest of our people. and most of all, after 800,000 americans serving in afghanistan have traveled the whole country, but brave and honorable service, after 20744 american servicemen and women injured in the loss of 2461 american personnel including 13 lives lost just this week. i refuse to open another decade of warfare in afghanistan. we have been a nation too long at work. if you're 20 years old today, you have never known in america at peace. so when i hear that we could've, should've continued the so-called low-grade effort in afghanistan at low risk to our service members, at low cost, i

don't think enough people understand how much we have asked of the 1% of this country who put the uniform on willing to put their lives on the line in defense of our nation. maybe it is because my deceased son bowe served in iraq for a year end before that, maybe it is because what i've seen over the years as senator and vice president and president traveling these countries and a lot of our veterans and their families have gone through hell, deployment after deployment months and years away from their families. missed birthdays, anniversaries and holidays. financial struggles, divorces, loss of limbs from many injured, posttraumatic stress, we see it

in the struggles many have when they come home. we see it in the strain on their families and caregivers. we see it in the strand of their families when they are not there. we see it in the grief worn by their survivors. the cost of war they will carry with them their whole lives. most tragically we see it and the shocking and stunning statistics that you give pause to anyone who thinks war can never be low-grade, low risk or low cost. 18 veterans on average who died by suicide every single day in america. not in a foreign place, but right here in america. there is nothing low-grade or low risk or low cost about

anymore. it is time to in the war in afghanistan. as we close 20 year of war and pain and sacrifice, it is time to look to the future. not the past. the future that is safer, the future that is more secure the future that honors those who served and all of those who gave what president lincoln called, the last full measure of emotion. i give you my word, all of my heart, i believe this is the right decision, a wise decision in the best decision for america. thank you, thank you and may god bless you all and may god protect our troops. [inaudible conversations]

lauren: the press shouting questions at president biden as he wrapped up his comments that lasted about 30 minutes on the war in afghanistan and laid out his decision for the timeline for removing us from that war. he didn't take questions from, from the press. i heard a lot of rationalization, justification. the cost of the war for americans, i heard a little bit about the national strategy going forward. he says we have leverage with the taliban to work together to continue to find a way out for some of those americans that are stranded. didn't hear a lot of details in that report, but the president adamant, i wasn't going for a third decade of war, standing by his decision and explaining it to the american people and to the world. let's go back to edward lawrence. edward, you just with heard what the president had to say. what is your reaction to it? >> reporter: yeah, very

interesting, though very impassioned speech, very strong speech. and you could tell he was trying to be very forceful and direct and sort of the commander, showing the commander side of the office there. but what struck me on this is that, you know, he blamed the former president of afghanistan for fleeing the country. he blamed former president trump for the deal that he made with the taliban saying the taliban onslaught was coming whether he did something or not. he blamed the americans who are still in afghanistan saying that they gave warnings since march in order to get out of afghanistan. so it's very interesting, woven through that very strong speech was the blame not on the president himself for the decisions that he made and the mess, so to speak, over the last two weeks or so, because of decisions other people made that he says he was reacting to. but you're right, going forward, they're going to work diplomacy, that's how they're going to try and work to get oh americans and

allies -- other americans and allies out of afghanistan. the taliban up til now doesn't really seem to be listening that much to the white house, but they do believe they have some sort of leverage, whatever that is, over the taliban. lauren: edward, what do you make of the image that president biden portrayed for the united states on the world stage? look, the world is changing. the face of terror is changing. we have competition with china, cyber attacks from russia, nuclear proliferation that we have to deal with. but before this speech, both sides of the aisle would agree that the president put us in a position of weakness on the world stage. and you have satellite images today of north korea and their nuclear proliferation starting again. what position do you think we're in now? has it changed? >> reporter: exactly. and just today there was an attack on saudi arabia by the houthis. the state department condemned that attack. so i think you're going to start to see and we are seeing some of those enemies of the united states test what this is capable of and willing to do because, clearly, what they're seeing is

pictures like this when you see here the afghan army, the taliban, warriors wearing american items. they're wearing american goggles, they're wearing american helmets and american outfits that were left behind by the americans as they left. so, again, the president tried to re direct in this speech, but the pictures and the story and the actions are showing something different. unless this president steps up and stops some of these challenges, i think the challenges around the globe are going to continue with china, with iran and some of our people who are not so friendly to the u.s. lauren: well said. edward lawrence, thank you very much. and the closing bell rings in just under two minutes. minor losses across the board, but the s&p and the nasdaq very close to eking out a third record high in a row. all three major averages are up for the month of august, we're talking about seven months of gains. that's the longest winning streak since january of 2018.

jay hatfield is from infrastructure capital management, the ceo, he's our countdown closer. we just have about a minute left, jay. what are your top picks? i know you like the pfsa etf in. >> well, we've been recommending that for defensive dividend stocks because we're anticipating stagflation in 2022. and so, you know, in that decelerating growth environment, we think if you were in these sectors like preferred, they have substantial yields and lower volatilities, that could be a good place to hide. and that's more focused on 2022 where we're concerned about inflation mostly because of the housing sector, case shiller printed this morning that 18.6, up 2% month over month rents are a rising at 10%. that hasn't been reflected in cpi, so we think the fed's lost control of inflation. maybe not this year, but next

year we think that could be a risk. lauren: got it. inflation, well, we're feeling it every single day. jay hatfield, thanks for the time. sorry it was so short. the month of august in the books in the next ten seconds. it was a winning month even though you not seeing it today -- you're not seeing it today. that's it for countdown to the closing bell. "kudlow" is next. ♪♪ larry: all right, folks, president biden just finished his peach. we're going to have some -- his speech. we're going to have some direct coverage on that. i'm larry kudlow, welcome back coto "kudlow." edward lawrence are at the white house for the latest, tell us what you took away from it, please. >> reporter: yeah, very interesting. the president, obviously, thanking the military members on the ground for getting 124,000 people, 5500 americans is what the president said and the rest afghans and