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tv   Cavuto Coast to Coast  FOX Business  September 3, 2021 12:00pm-2:00pm EDT

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to you. thanks for putting up with me. jackie: of course. we will be watching you on "fox & friends" first weekdays on fox, and i'm assuming that is why you go to bed early. we're going to have a mixed bag handing it over to neil. the dow is down 95, the s&p down 5. neil cavuto, take it away for us. neil: jackie, thank you very much for that. jobs data that you had as well, jackie, we've had a fascinating tug-of-war going on in the financial community because, obviously, the overall number was less than expected. we were looking at something that was about three times the number we ultimately got even though a couple of the prior months were revised upward by about 134,000. but here's why i think the markets are holding back from collapsing on all of this, it probably pushes back the point at which the federal reserve will start tapering or buying
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fewer treasury notes, securities, bonds, that sort of thing. it's a leap, but if you push back the fed from doing anything the change its behavior -- which the markets have liked, they have been sort of like the crack provider for these markets, keeping interest rates very, very low and scarfing up any treasury securities, municipal bonds, treasury bonds, you name it, that they can buy to force those rates lower. so if that continues now, it could mitigate the surprising weak numbers that we got on the jobs front. the prime minister is already indicate -- president is indicating that he's blaming the delta variant and on all those unvaccinated people. but, you know, the unvaccinated seem to be the gift that keeps giving. blame them for everything that goes wrong here. connell mcshane following all of this very closely, what the numbers are showing. and more importantly, what they could be previewing. connell, what are you finding out? >> reporter: you're probably right, neil, about the tapering argument. it was interesting to see those
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bond yields spike up when the news came out, however. but i think disappointmenting, big picture, that's kind of the word of the day if you just keep it simple. anytime you're looking for 700,000 of something and you get a little over 200,000 of that thing, whatever it is -- in this case, jobs added last month -- that's going to be a disappointment. so most of the economists and, by the way, most of the politicians are blaming delta. and if we dig deeper into the numbers what really stands out in terms of sector performance the big goose egg next to leisure and hospitality. look at all the different sectors, most are down a little bit, some up, but leisure and hospitality, zero. it was adding about 400,000 jobs a month june and july on average a. so even the labor secretary, speaking to fbn today, could see there's work to be done. >> we still, obviously, have a ways to go. i'd love to be sitting here saying we added millions and
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millions of jobs, but that will come as we continue to move toward as long -- forward as long as we offer the supports we need to continue to reopen our economy. >> reporter: now, the president's comments seen walking out of the white house earlier today before heading to louisiana, he's on his way there there now, but his comments on jobs, he says he certainly wanted to see more jobs added last month but says progress has to be made fighting covid and the delta variant. he called on more people to get vaccinated and reiterated his call, interestingly enough, for higher taxes. >> 55 of the largest corporations in america last year paid zero, zero in federal taxes. i don't care what your position is, it just seems to me it's time they start to pay their fair share like everybody else. just pay a little bit here. it comes out to billions of dollars if they pay. >> reporter: the final point, neil, he did also allude to the
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enhanced unemployment benefits next week around the country making a point to say that states can still use federal money to extend those benefits even further if that they so choose. back back -- back to you. a. neil: connell mcshane, thank you so much. people are trying to come back out of the pandemic and restaurants particularly. charlie gasparino has discovered that's a lot easier said than done. he is in oceanside, new york, dealing with restaurants that are having a devil of a time. >> neil, there's a dish named after you hear, guido. just kidding, neil, you're not that special. anyway, these are the co-owners -- [laughter] of the restaurant. one of the things i missed the most about the pandemic, you
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knowing, not seeing family or friends, not being able to eat here. this is such a family gathering place. how did you guys deal with it, you know, just being closed down one day? >> well, it's kind of out of nowhere, obviously, due to the -- >> one minute you're open -- >> and the next closed. we did a lot of takeout. it was kind of tough with that because -- >> no customers. >> pretty much were shut down, and that was the only thing we were doing at the time. >> and we slowly came out of it. and then cuomo, the governor -- we're in new york state, obviously, the former governor -- then locks down again. were you guys close to turning out the lights at any point? >> well, we've been around a long time, we've been here 30 years, so we're established, and we still, we kind of operated. we had to cut back on employees and did what we had to do -- >> had no wait staff, a had no
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busboys, no dishwasher, and it became a little bit of a -- >> okay. so there's an interesting employment report today showed that, actually, a number of new hires have gone down dramatically. if you read the fine print, a lot of it is because people aren't going back to work. there's a labor shortage. and so people aren't going back to work because they have the federal government competing against them with all these benefits and, you know, those benefits extended here in new york, obviously, california too. about 24 of the 50 states. tell me about you, do you have a labor shortage issue? >> absolutely. every day. every day you have limited workers, to busboys -- no busboys, no dishwashers, no cooks. it's almost impossible to get them back -- >> well, kitchen staff one of the hardest -- >> [inaudible] >> oh, yeah. definitely affecting the bottom line with that. >> so this whole notion that
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inflation's transitory, it's going to go away -- >> i don't see that because i think once you have people having, giving everybody a break -- >> [inaudible] >> so is how long's the inflation issue been hitting you guys now? >> the last 6-8 months. >> they're giving me the wrap here, if you guys run a small business, people love this place, you hire people, basically give people their livelihood, if there was one message you were going to give to president biden and congress, what would it be? >> stop giving 'em unemployment insurance. >> because you could hire -- >> i think people would come back. the only problem is in the restaurant business i think a lot of people, it's such a tough business. long hours, weekends, holidays, so that's the only bad problem, i think, people are changing too. >> right. but it's the unemployment
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insurance. >> the difference is they'd rather not. >> that's a carry thought. neil, you heard it from the horse's mouth, this is how difficult it is to run a small business in this environment. first they shut you down and then the government competes with you for workers. back to you. neil: that's an excellent point charlie, thank you very much and your guest as well, my friend. gary caught wall -- gary kaltbaum, you've seen this across the country, businesses trying to get back and sometimes block ared by authorities or programs that limit how much they can come back or even if they can come back. i'm wondering if that is part of the strain on new job creation. still, you know, we still saw more jobs but not nearly as many as we thought we'd see in the month of august. the variant, i get it, playing a part. but i'm wondering if it's the hassle factor that's playing a
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factor here, that it's making those who are looking for work hold off a looking for work and those who are looking for workers hold off on that as well? what do you think? >> neil, the number one sign that i see everywhere i go, and aye been traveling a lot are -- i've been traveling a lot, is we are hiring. everywhere. i see some restaurants that have five signs out there. so that the interview by charlie and those men was right on point. a lot of that is going on at this juncture. and you also have states like hawaii now that are going back to 50% capacity can in restaurants and i think in a couple of weeks you have to have a vaccine card to go indoors. so you put all this together and you see a slowdown, especially as i look through the numbers, the service industries after booming for a while are back at stand still again. a combination of of covid, a combination of maybe they're going to extend some of the
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checks with some covid money, i'm not sure that's a good news thing. and, you know, small business and business services, that'll affect them the most, unfortunately, and they are the driver of this economy. neil: you know, interesting, i was surprised to hear the president say that states can find a way around this, extending these benefits. it's pretty clear right now when you hold off on that or at least limit that, people will seek out jobs. not all of them, there are some special cases, i get that. but by fostering this argument we're going to keep the benefits rolling if we can or find ways around these federal deadlines coming, it will only keep this going, right? >> you got it. and, listen, the internet's the greatest, all you've got to do is go online and see states that stopped the checks, that their numbers are better and what happens if you continue to go with it. and some of these states, people that are staying home are making twice as much as they would make
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in the service jobs that are out there. and, you know, in that interview they said it best, we can't find waiters, busboys, things like that. they're the driving force behind restaurants to keep them going. so if that doesn't change, it is just going to elongate how tough it is to come back and, you know, look, i think eventually the covid's going to peak again, we'll come back down. but we gotta get government out of the way. and i know everybody's going to, some people are going to scream, oh, you hate government. no, but when they get in the way of the private economy, spill its trouble, and you're seeing it in droves right now especially in that industry that's so important. neil: you know, if the argument is given the jobs data we got, gary, that the federal reserve might if push off either this tapering issue or, certainly, raising rates issue, why is the 10-year note yield back up a
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tad? >> you just said a tad. still at 1.3% 10-year yield s. so it's still very low. the trend is still down. i don't think of it as, oh, it's back up today. the trend is down, interest rates are low are, and i've said this time and time again and it really does bear repeating, the amount of money printing between us and europe is three times the amount that bernanke was doing when we were in the financial crisis. so we're talking unimaginable amounts, and that's why you're seeing markets shrug everything off at this juncture. and if that's why you're seeing nasdaq, in spite of that -- and i'll be clear, that's all i own right now, valuations are a joke, they're too high, too overowned, but until it stops i stay with it. eventually there'll be a come up participation but this is all about one man and his whims and ms. lagarde over in europe. again, 250 billion a month and also 0% rates and in some cases
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negative rates around the globe. that fuels what we're seeing in the markets right now. and bad news typically doesn't matter at this juncture. neil: all right. thank you, my friend, very much. of course, you're referring to christine lagarde, european central bank. and again, there's a very generous money policy going on across the globe here, so that's manager the markets do want to see -- something the markets do want to see continue. and if we see the federal reserve at least push back getting tough about any of this, that's kind of like a weird welcome development. so it's limiting the selloff in the dow that would otherwise probably be a little wit more severe -- a little bit more severe, but we'll keep an eye on it for you. bitcoin today, that's a separate issue, it's helping it today. but in the meantime, the recovery issue in the northeast from a storm that was only supposed to affect the gulf coast. the stories are fright ifenning. the count of those injured and, worse, killed, very, very scary.
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>> we were scared we'd get electrocuted, so we called them up that night, but they had stopped the evacuation because it was getting dark and dangerous which made sense. so the next morning we called up right away and said, hey, we need help. we didn't know how long we were going to be tuck there. at usaa, we've been called too exclusive. because we only serve those who honorably served. all ranks, all branches, and their families. are we still exclusive? absolutely. and that's exactly why you should join. (struggling vehicle sounds) are we still exclusive? absolutely. think premium can't be capable? think again. ♪ (energetic music) ♪ ♪ ♪
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♪ neil: all right, i know we are still dealing with ida, just want to let you to know from the miami herald that hurricane larry is strengthening far out in the atlantic forecast to be a category 4 storm this weekend as it progresses toward the east coast of the united states, the southern east coast. still quite far away, anything can happen with these storms, but i thought i'd make you aware of it because, of course, we're just dealing with the fallout from ida, and a deadly fallout at that. at least 48 killed in the northeast alone from floods and much, much worse. the latest from jeff paul. he's in new orleans right now, and the president will be there very shortly. but they're willing a devil of a time just getting back, aren't they? >> reporter: yeah, a heck of a time getting back on their feet, and president biden's going to see that firsthand when he
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arrives in new orleans later this afternoon. and he's going to have a busy, busy day as he starts to tour some of these hard-hit areas. he's going to make his first stop at a local parish, get an update from emergency operations managers, and then he's going to head to one of the hardest hit areas, high winds and a lot of flood waters. some of those homes trapping residents inside, getting in their attics or on their roofs. after that he's going to get a helicopter tour of places like buy champion can be down to grand isle which is right there on the louisiana coast, it's leveled by the storm. first responders say despite these challenges that they face, they feel like they will be back very soon. >> we've just got to keep pushing forward. the past is behind us, we've just got to keep going forward. what happened what happened, that's the way i look at it. we've just got to rebuild. >> reporter: we're also learning more about the four nursing home patients who died
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and the 14 who were hospitalized after being evacuated during hurricane ida. the state is the now investigating the facility for unsafe conditions after discovering that hundreds of nursing home patients were moved to a warehouse. the health department received an unconfirmed report of patients being packed together, laying on the floor with water coming in, without power at times. louisiana governor john bel edwards says he's watching this very closely. >> we're going to do a full investigation into whether these facilities failed to keep residents safe and whether intentionally disrupted efforts to check in on them and determine what the conditions were in the shelter. >> reporter: now, in a bit of progress, we see that the power has been restored in areas like where we are here in the french quarter of new orleans. we're also starting to see a lot of trucks out here, a lot of garbage, utility trucks, sort of the unsung heroes of the storm who are getting out here,
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cleaning the trash out, getting the roads back to normal so crews can start restoring power, getting fuel to gas stations and getting people back on their feet. neil? neil: thank you very much for that, jeff paul. i want to update you as well on new jersey now. the new jersey governor confirming that there are 25 dead in the state right now as a result of the storm, at least 6 missing, and now we're dealing with some explosions happening around the mandel, new jersey, area where we'll find bryan llenas if, what's going on there? >> reporter: neil, right now you are seeing the saffron banquet hall that exploded at two a.m. this morning. local firefighters are throwing water on it to try to douse the smoke and the flames after the explosion. if you come back over here, we can see the building, it was just 40 obliterated by that explosion. a couple of feet of water went into that building, and what we've been told happens is that
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natural gas ends up leaking, and all you need is just one electrical spark, and that's what happened. so is a total loss. we spoke to the owner, he is completely heart broken, he says he doesn't know what he's going to do next. we have aerial video of the actual fir when that explosion just happened. firefighters were kept from reaching many of the fires here in manville, new jersey, because of the rising flood waters. luckily, no one had been inured in the four fires in this area. here are photos, though, of the kind of flooding that was seen here in manville. the millstone river rose to a near-record 20 feet. the river begins to flood at just 9 feet. the river overflowed into the delaware and rare tonka aals, and first responders had to rescue residents here. before and after 10 inches of rain falling in just several hours, inundating people's
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homes. governor phil murphy did say 25 people have died in the state, 6 people are missing from the flash floods. tragically, almost all of those who died in new jersey drowned in their vehicles as flood waters overwhelmed drivers, trapping or sweeping them away. and this is a live look, actually, at philadelphia's vine street expressway. it flooded overnight if wednesday. crews have been pumping water from here back into the river since last night. and if we look at this video from the apartments in new york city, we're starting to learn more about those who died including a 2-year-old and his participants who died in a basement apartment. new york city mayor bill de blasio, neil, as they continue to do the cleanup here said, ultimately, a thousand buildings at least in new york city were damaged. they're now putting together a task force to figure out how they can respond better to extreme weather events, particularly taking into account who lives in basement apartments and how they can specifically
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alert them when flash floods are coming, something the city was obviously not prepared for this time around. neil? neil: it's the unfathomable, the notion that you could drown in your own home, and it's happened scores of times across the tristate area. bryan, thank you very much for that. harrison township, new jersey's mayor joins us now. how's it looking there? >> a couple days ago came out of nowhere, and we at this point are just so grateful and thankful at the miraculous outcome that there was no loss of life and really no serious injury. neil: a lot of residents in your township, mayor, have been demolished. can you give me an update on that? >> yeah. so this tornado, which was an
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ef3, the first one in 30 years, only the fourth one in the history of new jersey, touched down and went from one end of our town to the other tearing a 400-yard wide path of devastation, and it affected about 130 or 40 houses, and at this point we have 34 that are completely demolished or will be teardowns. so it's pretty devastating. neil: how are things now? you mentioned it's hard just to get around, has that improved? >> yeah. that was the difficulty, you know, at the outset where all of the major arteries were blocked just because of downed poles, trees, wires. and so the focus on the first 24 hours was there. that has, you know, gotten better. obviously, there are still some power outageses, but the thing that has gotten us through this in the last 36 hours is really the way the community has come together. it's just an incredible outpouring of support, people
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coming from out of nowhere, vendors, businesses dropping off containers and food and clothing. and so everybody's beginning the process individually, at their homes to do the assessment, begin the cleanup and then focus on rebuilding. neil: they've got their priorities right, as do you, mayor. thank you very much. louis manzo, harrison township. you think of tornadoes in the south of southwest, you don't expect to see them pop up in new jersey, but indeed, they did. all right, we have a lot more coming up including how these various storms and the fallout have actually improved the odds that we get at least the bipartisan infrastructure bill done. senator manchin is worried that extends to the human infrastructure package. we'll explain. ♪♪
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♪ neil: what am i talking about this storm and the fallout from this storm has more to improve the odds of that infrastructure package getting through? i'm talking about the cheaper one, the bipartisan one, not the $3.5 trillion plan, although you never know. because, you know, politicians can jawbone about it back and forth all they want, but when you have the backdrop of a storm that revealed all our infrastructure problems with roads, bridges and drains, that might be all you need to get that through. now, some of the other stuff that joe manchin talks about, the human infrastructure plan, that might be a bit too rich for him. but it as has set up a fascinating battle on capitol hill with chad pergram giving us sort of where we stand on that battle. chad. >> reporter: good afternoon, neil. it is said never let a crisis go to waste. democrats hope to use the storm as a rationale to underscore the
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need for the infrastructure bill plus the $3.5 trillion bill loaded with environmental provisions. >> -- warming is upon us, and it's going to get worse and worse and worse unless we do something about it. and that's why it's so imperative to pass the two bills. >> reporter: louisiana lawmakers have already asked the president for an extra spending bill for hurricane relief. >> there's no such thing as a democratic hurricane or a republican drought. and typically these spending measures are bipartisan. >> reporter: but that started to change after hurricane sandy tore through new york in 2012. >> it was like i was asking for, i don't know, foreign aid for the soviet union, people who thought this was just another camby new york. scam by new york. >> reporter: this comes as democrat joe manchin wrote an op-ed in the "wall street
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journal" wanting what he terms as greater clarity on the $3.5 trillion before he supports it. the deadline is september 15th, but remember man chin already supported the -- manchin already supported the framework. neil? neil: chad, it's a dumb question, but all know it, he often times threatens to counter democrats or go against them. but more often than not, overwhelmingly, doesn't he end up going with whatever they want? >> reporter: a lot of times this is posturing. and as i say, this is a classic manchin move. you say you might to oppose it, you extract some sort of concession, and then you vote yes. this works for him back in west virginia is. it looks as though he's sticking it to the democratic leadership, carving out a lane for himself away from the more liberal wing of the party and then coming
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back. he did this on the covid bill back in march, got exactly what he wanted, created some drama here at the capitol and then supported it the next day. neil: gotcha. all right. i thought that was the case, chad, but you explained that far better than i asked that. chad pergram. maya macguineas joins us right now. she's just always looking at these numbers and how much money we are spending. she's very good at math too because there's a lot more money, maya, going out than there is coming in, right? if this goes through, some of the stuff that they're looking at, it's going to get a lot worse. maya's with the committee for responsible federal budget, she's the president. so what do you think now about the infrastructure plans -- there are two of them, as you know, one's the human, one's really beyond expensive and the one that's said to be the cheaper, you know, the roughly $1 trillion man that now looks more likely in light of the storms?
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what do you think? >> right. is so i think that assessment is correct that the infrastructure that's the bipartisan package, it is more likely that's going to pass, though i thought it was likely to pass beforehand as well. many people agree we have underinvested in infrastructure for a long time. there are a lot of parts of our economy, hard infrastructure, that does need to be built up. that said, you often see people using the justification of emergency spending to justify absolutely everything. i think we're going to see that. but i don't actually think it's going to work because when you turn attention to this huge $3.5 trillion spending package -- and let me be clear, we have run the numbers. if you got rid of the gimmicks, it's closer to $5 trillion. we're really talking about up precedented spending at a time when we shouldn't be borrowing more. we did borrow a lot to deal with covid. that was the right thing. now we need to pay for this, and i think there's going to be a real resistance to actually raising all the revenues that
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would cover such a huge, huge spending bill. so separately, i think bipartisan deal is pretty likely. i think the bigger deal just like senator manchin wrote in his op-ed -- and i don't know if he's posturing or means it -- i think we need to take a pause and get a sense of what's actually in that bill because they're tossing a lot of big numbers but not a lot of substance and detail and assurances that that money would be spent right, smartly and on the right priorities. neil: yeah. and to your point, maya, when he wrote in the journal about this, he said we have to examine this without greater clarity about how congress chooses to go ahead and look at the serious effects of debt and all of these government programs. now, my knee-jerk reaction was, all right, it's a little too late to start lamenting that long history, but that he wants to try to rein that in. but i still see a very expensive human infrastructure plan coming
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just going by the $3.5 trillion. i know you're saying with some of the gummics, much more expensive -- gimmicks, but i'm till having a hard time understanding what he would like, 2.5 trillion, 2 trillion? bottom line is we don't have the money for it and, bottom line are, it's not the sort of thing that's going to return right away to the u.s. economy. or, for that matter, generate the type of revenues that they think will pay for it. >> yeah, that's absolutely correct. now, i think it is the absolute imperative time to start worrying about the debt no matter whether you haven't been worrying about it before. politicians love borrowing because it means they can avoid have actually paying the bill. the debt is a huge warning light in the economy right now, larger than the overall economy. over 100% of gdp. the emergency of covid, fingers crossed, appears to be over, so it is time to make sure we're paying for the new policies we're putting in place but also taking some of those pay-fors
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and instead using them to reduce the debt. i think that's really important. and so i think looking at this from the economic perspective which shows us very clearly if you deficit finance spending and investment like is being contemplated in the these bills, it's actually a lot worse for economic growth than if you pay for them. and it's very likely you'll see no growth at all in the long run if you end up deficit financing the kinds of things we're talking about. so i think they should put out the marker -- and this is the white house initially -- that says this is going to be fully paid for. and the way they do that is they decide how many pay-fors are tax increases or something they don't talk about enough, other spending cuts, how much you're willing to get for pay-fors and then limit the size of the package to that. and then like i was saying a moment ago, spend more time on the details of how we're actually spending the money. these top-line numbers don't mean anything unless we know how the money will be spent. what on health care, what on the
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environment, what on families and really debate those policies as well as the price tag. but i would say if you look at where we are in the economic cycle right now with inflation, with near record levels of debt, now is absolutely not the time to be borrowing more for any of these packages. neil: i'm afraid that might fall on deaf ears, maya, but keep the good fight going. maya macguineas on all of this, committee for a responsible federal budget. now there's a concept is, right? by the way, a little news item concerning the pfizer vaccine and these booster shots. we're with learning that the white house has confirmed pfizer is on track for september 20th. pfizer vaccine booster, if you will. moderna may not be ready, and there's some questions as to whether moderna or j&j are going to be ready that soon period. and there's some other health officials who worry about either of those companies; that is, moderna a and j&j -- and j and a
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♪ neil: it was a stunning revelation, but we learned that a majority of the folks said that we wanted to get out of afghanistan never did. that's despite the 114,000 plus who did and, of course, 6,000 americans who did. but the bottom line was and is that they didn't get everybody out, let alone even the majority of who they wanted to get out and now growing concerns whether we will ever. griff jenkins at the state department with more on all of that. griff. >> reporter: hey, neil. that's a great point. and, look, it's been four days since the last u.s. troops left afghanistan, and the administration won't say whether even one single american has gotten out since then after the taliban promised safe passage to anyone with a passport wanting
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to leave. that's the same taliban, by the way, who has yet to stand up a functioning government, pledging to be more inclusive, more moderate. and the administration admits they simply don't know whether or not they can trust them. watch. >> no one is saying from the federal government, no one -- the president, secretary of defense, no one from the intelligence community -- that the taliban are good actors. >> we will use all sources of information available to us to determine whether and how the taliban is living up to its commitments going forward. >> reporter: meanwhile, a group of 26 republican senators on capitol hill turning up the heat on president biden. >> he broke his promise to americans and he's continuing to break it because there are american citizens trying to get out of the run right now. >> reporter: this as reports keep coming in, neil, of the taliban going door to door to find and punish afghans who worked with the u.s.
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>> -- members have worked with our troops on the ground on every level. and they're stranded. they are left behind. their lives are in danger. and when i talk danger, it's extreme danger. they're extremists. >> reporter: and, neil, secretary blinken made a trip last night to the dulles center where so many of the refugees are arriving. he has a press briefing in just over an hour, 2 p.m. we expect to see him in the press room. we'll see if he has any more to say about anyone left behind, americans or these siv applicants or at-risk afghans. neil? neil: thank you, my friend. griff jenkins at the state department. i want to pursue this lieutenant general keith kellogg, former national security adviser to vice president pence. general, a always good to have you. this notion that we have leverage with the taliban to help us get those other afghans,
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americans there out. we do, i mean, in terms of the money they owe us, the money we've frozen that we could unfreeze if they cooperate, but what do you think of that? they climbed to power and took over the country in blitzkrieg-like fashion without, i think, giving a thought to international norm or bankers' interests or our own, so what's going to change now? >> yeah. neil, thanks for having me. neil: thank you. >> looking for minute to say we have leverage over the taliban is absolute nonsense. mine, we left there, to me, it was a self-inflicted wound, and it was a debacle of the highest proportion, but that was our decision, and now we're saying we have leverage. minute's got to tell me what -- somebody's got to tell me what kind of leverage, not military or diplomatic. they hold all the cards. and after a 20-year war, trillions of dollars spernghts thousands killed, wounded, we lost that a war. usually you have leverage when
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you win or at least you're at a draw, but we lost. we went out there, we left there rapidly. they don't need the money to fund a military, they've got a pretty good military now when you think about it because we just armed and equipped it pretty well going forward. and you look at the people they're putting in position if ifs. when you look at their new finance mier the who actually was the finance minister in the previous al a ban regime -- taliban regime, he kind of knows how to do the money deals, zach akir, we had him in guantanamo, in fact, i think he was inmate number eight. he became a field commander with the haqqani network. they don't need anything from us. so when we keep talking about leverage, i just don't think we have it. we're just going to have to figure out how to work it, and we'll probably have to work through third country nationals to get there. they really don't need any help from the united states. i are to tell you one thing that
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was pretty funny, when we were talk to mullah baradar, he says you know, mr. president, the only people you haven't paid off in afghanistan was the taliban. well, maybe we should have paid them off earlier. [laughter] there's no leverage there. neil: so how do you think this plays out? more short-term focused, if you don't mind, general, because there's a lot of concern about disrupting our 20th anniversary of 9/11 and worse. where are you? >> well, i think -- you mean on relations with them, i think they're going to be good actors, and what i mean is they realize the entire world's looking at them. they are a pretty sophisticated leadership group because they fought the initial war against the united states, they were in power before. you've got the same people coming into leadership positions that were there before and then they were run out of town by the united states and the northern
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alliance. i think they're going to be shrewd how they plait. they're going to say all the -- play it. they're going to say is all the right things and the visuals to the rest of the world hopefully how it works but down deep they're the same old taliban that we knew from before. they're the same kind of people that were there before because they're the same people. and so i'm going to sit back and watch how it's going to play out. of you know, neil, it's very important that everybody understands this was not the fault of the great men and women who fought that war. these were strategic-level decisions that were made coming from the white house, coming from the national security advisers that put us in a position where we're at today. and now they're going to have to figure out where do we go to next because there aren't very many good options out there. neil: got it. general, thank you very much. enjoying your expertise throughout this whole saga as we continue to follow the aftermath. also letting you know in our next hour we're going to be speaking to ambassador paul
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wolfowitz, secretary of defense under the bush administration, world bank president. what he could tell us about this money that's frozen and whether the taliban will get it anytime soon. all of that after this. time. gold. your strategic advantage. that building you're trying to buy, you should ten-x it. ten-x is the world's largest online commercial real estate exchange. and it's fast. if i could, i'd ten-x everything. like our lunch. (laughs) amazing! see it. want it. ten-x it. as someone who resembles someone else... i appreciate that liberty mutual knows everyone's unique. that's why they customize your car insurance, so you only pay for what you need. [ nautical horn blows ] i mean just because you look like someone else doesn't mean you eat off the floor, or yell at the vacuum, or need flea medication.
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all right, forget the cdc warnings telling the unvaccinated you don't want to travel this weekend, i don't know how many of them are but i do know nine out of ten americans who will be traveling this weekend won't be flying, they'll be driving. that doesn't surprise me with some of the hassles of flying. lydia is following from bloomfield. lydia. >> hi there. quite a few americans are going to be traveling in general this holiday week and according to a survey on cars.com. three out of five americans will be hitting the road heading to some destination. not hitting the road but heading to a destination and most of them like you said 90% will be doing so by car. some of them have been changing their travel plans to accommodate a road trip rather than flying. 20% of people who booked an airline ticket are now canceling
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and changing plans so they can do so by car. that's marrying a trend we've seen recently this week with numbers slumping generally across the airport. 1.3 million people passed through tsa checkpoints tuesday. that's the lowest number we've seen since mid-may but for those who are driving, it's going to come at a cost as we seek gas prices hiking. national average of $3.18, that's the highest labor day weekend gas price at the pump we've seen since 2014 according to aaa. as you can see here, right behind me, a gallon of gas will set you back $3.30 so the message here, expect more cars in the weekend, on the road this weekend and paying more at the pump. back to you. neil: all right, thank you for that. they're going to take a break and come back in the second hour. here's where we go from here. ♪♪
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>> this is the worst storm i've ever seen. i hope i don't see another one, not like this. south louisiana in a whole is destroyed. neil: not just louisiana, some final numbers we are getting even in the northeast where 48 have been killed because of the strong, 25 new jersey along six still missing in the garden state and the governor there put it on level with sandy in 2012. that killed 40 at the time but the widespread damage tornadoes that came with this one and the unanswered questions about roads and bridges and drainage systems that failed completely to do their job raising questions across the entire country, it's a big part hit by the storm, particularly louisiana. we will find robert new orleans. reporter: the words of the people play cannot be more true
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and that's what so many people are going through here. behind me, this is a company that does fire water, smoke and mold restoration. we are outside a major hotel in the french quarter. they are loading fans and dehumidifiers. you can see the long road behind me. the power just came on here a couple of days ago but most of new orleans is still completely out of power. we are told by officials that it could be middle of next week until orleans parish and the surrounding areas get full power with water and sewage. french quarter right now does have power in their trying to pick up the pieces here. so many places in water and wind damage and that's what we are seeing right now. over 900,000 people still without power in the entire state of louisiana right now. i've got to tell you we are close to the mississippi river a few blocks away and i spoke earlier this morning with the u.s. coast guard and they tell me the shipping canals are clear
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but the issue is in some places on the right and left-hand side of the mississippi river that comes up from the golf all the way into many different states, shipping for commodities on the sides of the mississippi river are huge boats submerged or pushed up against the land and it's going to take weeks to get the boats moved so the canals and mississippi river has a clear passage but they are working on it right now but a serious thing for the economy, clearly it's an economic engine for not only america but the world right now. neil: the backdrop so real like a war zone. thank you very much. look at the damage going on in new york where you will find laura following all of this. how do things look there? reporter: they look like a total mess. check out the outside of this
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storm, what they are dealing with, this is the dollar depot and as you can see it's pretty much a total loss it all throughout the region we are seeing stores like this, power companies cleanup crews, insurance adjusters going up another block were businesses like this were inundated with floodwaters. we just watched the governor of new york and senator chuck schumer visit business owners. they were both here to assess the damage on the ground. the most businesses in the area have to junk everything they have inside their stores. westchester county records one of the hardest hit areas of the state. floodwaters rose to 14 feet in some places. here at dollar depot it went up to 5 feet in the store with new york state senator chuck schumer on hand from of the governor announcing today she secured an emergency disaster declaration for 14 counties in new york with up to $5 billion in immediate federal funding. i caught up with both of them while they were on their to her of the area.
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>> mother nature is not our friend right now. you can feel the devastation. we don't want to do this anymore. >> ready to go, we want to put shuttles on the ground and we've given plenty of money for water resources. reporter: the ours so much work to do except the damage to rail lines here in the northeast, mta released photos of workers trying to repair damage. several lines remain suspended today, they're not now 47 that in the northeast as of last night. there's a lot more to do and you can see this is just going to take a long time to get through. neil: thank you for that. fema recovery division director, good to have you. this is going to take a while to clean up but the one thing that struck me is how the vulnerable are existing systems work.
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i don't know whether that reinforces the need for infrastructure only package but it did compromise our roads and bridges and drainage systems that proved that they. what did you make of this? >> thank you for having me on. this storm ida to the u.s., thef it we were not prepared for. i think whether it a new infrastructure bill that get passed or we must brick program or $1 billion has been allocated for programs for building resilient infrastructure in communities is properly used so for every 1 dollar of mitigation funds we get 6-dollar return on savings and future disasters and i think it's upon us as businesses and communities to get together to use the money wisely so we can prevent the flooding we saw in new york and new jersey. as you heard from the previous
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reports the deaths didn't come from the wind offense, it was from the flooding event the majority of the offense. neil: there is a back and forth on that and some are saying the flooding we've experienced is unusual and you don't want to get out of proportion to that event but you want to be prepared for it. having said that, the frequency of storms is increasing. the severity of them from a people who have died from them is not nearly as bad as it was in the 1970s and 80s so whatever efforts we are taking to avoid losing their lives despite lawsuits here, it used to be worse. what you make about? >> a major part of that is the improvements in technology, the national hurricane center fema has made for awareness and making sure people through communications from different
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types of awareness and alert, people know to get out of areas to evacuate. as we saw in louisiana, while people evacuated to get out of the way and one of the issues in the northeast from i don't think they were expecting as much flooding as i got in people did not evacuate but since the 70s, our ability to pre-one people as a major storm in our ability to predict where it's going to go has helped prepare us better and get people evacuated out of nature's way. neil: thank you, director and on the rising property ceo, we've got a lot of development, humbly ask you, why isn't that them selling off more given the disappointing jobless numbers we have today? this is wrong, we'll take that dunford is an interesting sub story to this at this -- might
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change the behavior and thinking maybe even a strategy for intermarket friendly way. i'll explain next. ♪♪
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it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute.
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wait, a minute? but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services without breaking a sweat. xfinity makes moving easy. go online to transfer your services in about a minute. get started today. all right, we still gained jobs
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in august, 235,000 looks okay until you realize most people thought we'd have more than triple that and that was not even. they did revise the prior two months or 34000 extra jobs something appears to be going on, we should be paying attention to it. let's get the read from daniel, senior economist. daniel, what you make of where we are in this recovery? >> we are still 5 million jobs short of where we were before the pandemic began to think today's report shows the labor market requirement is buckling under the strain of the delta variant and that throwing hiring plans into disarray as a reverse is reopening. neil: i'm wondering, the president was talking about but delta variant in the unvaccinated, giving i guess prospective workers pause and those who hire them because, do
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you agree with that? >> yes, i think it's a two-sided problem where employers now have less demand for workers but we are also concerned that workers who have health concerns themselves are not going to want to return to the labor force at a time when the pandemic is worsening and economic picture is worsening as well. neil: this is another reminder the pandemic will decide not only our economy but the future of the world economy, the better it looks in terms of stabilizing cases, hospitalizations, generally markets and overall economy. do you agree with that? >> i think that's exactly right the pandemic is in the driver seat today's report is a harsh reminder we can't expect recovery to be on stable ground into the pandemic is under control. in a sense, i'm getting déjà vu from all in winter of last year
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when we saw the pandemic flareup in the winter wave in the labor market recovery slow and reverse as a result in some sense, today's report shouldn't be that surprising because we've already seen what more severe waves of the pandemic can do to the labor market. neil: who were showing a screen before, so many companies are delaying in person return to work, some late into next year. how will that affect hiring and all the other stuff, those who are bullish in the economy want to see? >> i think the delayed reopening's were certainly have an impact especially in central business districts or cities depend on those corporate offices reopening that means a lot of the central businesses in the industries around them, for example restaurants and other personal services are going to have a hard time recovering into the corporate offices are fully
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reopened. on top of that, but delta variant means we have more unit optimism for the rest of the year than previously. i think there are some who expected september to be when the labor market would start to pick up as schools reopen but if delta disrupts the school reopening's in business reopening's and ultimately it's going to result in several months of weaker jobs growth. neil: i hope you are wrong on this but you find accurate about a lot of other stuff so we'll see. curtis -- sorry again, looking at my notes -- daniel, it's one of those weeks. we are following the jobs report that a lot of us in the hospitality and leisure industry, airline industry, it's not a one off and not accounted for most of the growth. if they continue to limit hiring or no hiring, that's going to put a ceiling on the numbers, that's a big word. i was mentioning before the republican mayoral candidate has
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been looking at the damage in new york following the storm, they don't see keene blaming our surprise we didn't see it coming even though the weatherman did. next. ♪♪
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he will we are still looking at the aftermath of ida's damage it did across the northeast. this is -- brian has the latest. hey, brian. >> we spoke to the owner of what was a bankrupt business, the banquet hall to 1000 people to have events here. firefighters have been dousing flames pesto continue. the building exploded at 2:00 a.m. this morning after being
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inundated with a couple of feet of water. we believe this is the fourth building that's been on fire. usually what happens is natural gas starts leaking and the electrical sparks from a boom, that's what you see. the owner tells us he opened his business in 2018 and he spent everything he owns to get it started. covid-19 hit which was not good for events businesses now is at a total loss and completely distraught. >> i got the news yesterday at 2:00 a.m. there was a fire and everything is in ashes. i know. i gave everything i had, i worked so hard. i don't know what to do. [sobbing] i just hope everybody will pray for me. reporter: so hard to hear, it's heartbreaking. all of these folks who are not
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used to dealing with the extreme weather and have never done this before has to go through the bureaucracy of fema and insurance and all that. we wish him well going to the process. twenty-five people have died, majority swept away in their vehicles. we are hearing harrowing stories about survival, hours people spending on the roofs of their cars to be rescued by helicopters, others holding onto trees for dear life brief 600 resident, and apartment complex displaced for weeks. you can get a sense of the damage. the millstone river is right behind this banquet hall and it rose about three or 4 feet we can see from the water line has caused all of this destruction. he's got no idea what he's going to do. the rivers are still rising in some places, keeping eyes on the river here new jersey specifically but as the waters recede, we are starting to see
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more of the death toll and damage, are still six people missing and still not giving full official count of the dead because still possible to find more victims. i know you said this time and time again, it's so tragic and unbelievably shocking that this remnant of hurricane caused this amount of loss of life particularly people drowning in their vehicles and their homes. neil: incredible. thank you very much. go to new york with her damage was considerable. the mayoral candidate joining us right now. he spent in the city looking at the damage, it's got to be jarring. >> what i see again and again is these sewers, catch basins, receptacles of water built long ago into our street long ago
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into our transit systems not being cleaned on a regular basis so filled with gunk and garbage and debris so when you have an extraordinary natural disaster like this take place, he will have a lot of backdrop. i was at a condo scenario of homes in staten island and catch basins didn't work. he could see the garbage percolating from the catch basins so the water came gushing through the basement, crashing through faucets, gushing through bathrooms. that's what caused most. city, department of environmental protection duke with the sewer workers used to do on a weekly basis years ago, are not think there would be any damage but it wouldn't be the damage we are seeing now and we thought recently may have to cancel the concert in central
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park which was the highlight of bill de blasio's administration in these and then do right. neil: a lot of the politicians have gathered around for that look at what happened afterwards, seems to be blaming the weather people, they won't want about this. of course people did one about the flash floods, three to 6 inches of rain and more soap that's easy to check and the national weather service and others here, local stations were quite accurate in their forecast so what did you make of that politicians think we didn't see it coming? >> at the page out of andrew cuomo, he blamed weather forecasts years ago for storms and said he was form his own credit bureau and we are going to pay for that. that would be the pentacle. we had plenty of warnings.
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our iphones and smart phones were singing and ringing with warnings, warnings. we have a lot of men and women committed to live in basement apartments, these are illegal departments. some are subdivisions, some have never been inspected by the department of buildings and we basically close our eyes to it someone floods from cascading through, most of the damage is done in basements, that's generally where people tend to have a tv room or a playroom or store paraphernalia but it's not generally a place where a lot of people would live and we have a city in which tens of thousands of people illegally live in basements, unfortunately some of them perished, some severely injured but none of these officials responsible for that i want to do anything to amend the situation to make sure people live safely and not in the basements of huge apartment buildings and of other department's whether they are one or two family or three
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families. neil: don't have the breakdown of all the updates rather than homes retrofitted against the better roles of new york trying to figure that out but i did want to get your thoughts on chuck schumer saying if this does improve, we need infrastructure, nothing will. i thought he was initially talking about the bipartisan 1 trillion-dollar infrastructure plan that i think he appears to support but he extended it to the far more expensive three and a half trillion -- $5 trillion infrastructure plan. your thoughts? >> a lot of it that has nothing to do with the nuts and bolts of infrastructure. we need tunnels, tunnels for mass transportation because the tunnels are crumbling. i think everybody can agree if we can't trend masses of numbers of people in-and-out of major
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municipalities, we can't bring in the workforce, it will cripple our economy but when all of a sudden it delves into social issues instead of construction issues, that's when you begin to say wait a second, infrastructure. bridges, tunnels, roads, sewers, catch basins all of which we need to fix or we need new ones to replace old ones, that's where the money should be going and when all of a sudden chuck schumer, majority leader of the senate starts veering us into that path, we are never going to see the traditional sewers and catch basins cleaned up or at least widened and enlarged so they can transport massive amounts of wastewater into nearby rivers and basins. neil: we've talked a number of times, it's important everybody gets a chance to hear you, to hear a lot of people tele in new york city, when you hear that,
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does it bother you. >> i'll give you a comparison. yesterday i was mucking out sewer pipes in forest hills, queens which is an upper-middle-class area, i was showing the residence have a gunk accumulated over the years and it has to be tended to and the city won't do it, the individual owner operators of the building are going to have to do it. eric adams was immediately saying portis doesn't know what he's talking about, he's talking about floating new york city, a floating city and i said guy is in a drug induced psychosis, i don't know what he's smoking. does he understand it would cost trillions of dollars to float a city like new york city works it's built on rennet. the island of manhattan rennet, that's why you can build skyscrapers. he goes on and on, we should be more like europe. [laughter] that's what bernie sanders was
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always saying and aoc. we should be like denmark, we should be like holland. no, we should be like america. we can rebuild, restructure and we can build new structures. that's what the money should be going for and i could pinpoint all the places desperately in need of it. neil: we did reach out to eric adams and continue to do so, we haven't heard back. i did want to get your thoughts, a good friend of yours from i think you are a great guy. nevertheless, he was hosting a fundraiser in the hamptons for eric adams and i asked him about it. >> did you have to tell curtis i'm doing this fundraiser, eric adams, i hope you don't mind? >> michael curtis we support him one 100% but eric adams came out with common sense thinking, he came out with pro-business approach, he came out helping
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the police as an ex- nypd himself and look -- we want all business people to love new york, they want to make sure our city is safe. neil: he really didn't answer my question, he's a good friend of yours but he's hosting a fundraiser for eric adams. >> this was explained to us by citizen trump. you number when donald trump was campaigning for the presidency? gave to everybody so i would have influence with everybody. i think john, a very astute businessman, my boss at wabc talk radio, he has an incredible number of contacts with elected officials, republican and democrat, liberal and conservative . neil: a little bit -- you got to
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a teeny bit? >> not hurt because i can go into neighborhoods with the only republican they've ever seen abraham lincoln on a 5-dollar bill that's the benefit i have. i've got street threats. i may not have read in the suites with the men and women you talk to on a regular basis but in the hood, in the neighborhood -- [laughter] neil: all right, thank you very much. again, we talk to anyone and everyone but curtis should be heard. is it really fair when you just pretend one candidate even isn't in the race? you just heard it. more people should. we'll have more after this. ♪♪
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all right, all of a sudden the storm kept in the right and what you do when that happened? garcia is the owner sister dope in odessa, texas. raising all sorts, dealing with the comings and going on and establishment, dealing with rules and regulations that come with it. right now i'm happy to say he's taken devote time to join us. when you started this, he probably had no idea the roller coaster that would follow. how are things going now? >> is going well, we are getting there. you're right, it has been a roller coaster. start a business in 2019, he took off superfast. i didn't even have time to brief. we were instant in our area navigating our way through
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business challenges i feel like we are finally a pill. neil: how has it been going? i know in texas there was a spike in cases, i believe they stabilize, you would know more than me but resident sometimes get scared, i'm not going to go, i am going to go, where are things now? >> i believe texas is a different state, i feel everybody hometown takes quite a bit of a personal responsibly for their health and i have people who come in with masks that is okay. we are in stores and people wear masks and do their due diligence, the cases are there but i feel it's going to get better. neil: a lot of people have talents you have a talent for making donuts. i think that's a gift from god right there.
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[laughter] i know god has a sweet tooth but i'm always fascinated by that, what got you into that? >> people ask me all the time, i cannot tell you how i got into donuts. it was just i need i thought was need in our hometown my hometown, something different, something fun and it was a means for me as a single mom, i have a senior, a junior and a freshman. to make a better life for myself and my children, donuts caught my attention, a small food network post on voodoo donuts and i started following them and set up inking this can be a think and i have no background experience, by no means am i a professional baker but i am a recipe follower and a creative
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person and i love mixing and making it was just a means of coming out of a situation to be more, produce more and that's where donuts came into place. [laughter] neil: absolutely. you've got a gift for this because i know online the donuts are blazing out the door so that's a testament to you and your family. go ahead. >> we have a very strong social media following and that's how i started my business, posting donuts on my personal facebook page and we went to instagram and its of following for what we stand and what we believe and for our community. neil: that's great stuff. i hope you continue making a lot of don't. thank you very much, it was an honor to have you. gerri willis, talking about her
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life and everything she's been doing. you've been following the u.s. open but it's not quite the same, can you explain? [sirens] >> after two years not being here, fans are back for the first time but they are facing a lot of requirements to get in the front door and it controversial. fans have to be vaccinated but players do not. we spoke to the usda about this and told the rules for the players are set by player association while the rules for the fans set by the city of new york who said only four days before the tournament opened, these people have to be vaccinated. listen. >> as far as new york city is concerned, their mandate was very specific, fans in attendance at events and players who live outside of new york city were not required to death not a decision usda made from a that was made at the city level.
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>> basically as i said, people have to be vaccinated, only one covenant shot will do but then once you're inside arthur ashe, you have to wear a mask and the other thing, you can't ask a player for an autograph. big rules in place for regular folks but for the players, only half of them are vaccinated, 50% of tennis layers vaccinated, at my leak with the nhl and nfl part everybody has to be vaccinated. neil: have, that surprises me. thank you. gerri willis following all of that. we will have an update, the tolerant consists they have no -- they now have full control in afghanistan, there's no way to confirm or verify that. the former world bank president as well as former deputy secretary. ♪♪
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ryan joins us from london on an effort that appears the early stages of looking promising. what can you tell us? >> now that the taliban is looking at the job of governing, the taliban leadership is emerging from the shadows to try and solve the job you're talking about. many of these top tolerant officials have never been seen in public release never seen by anyone other than other tolerant because they were hiding from u.s. forces and yet we are on the verge of getting official announcements about who's going to be in this government. unbelievable that we are going to get official announcements from the seat of power itself. already hearing the head of the tolerant political office will be at the top according to at least resources the group talking to the reuters news agency. their job, is dropped from of the most immediate job is
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stabilize the economy. the u.s. has present billions of dollars of investment in foreign currency reserves in the country and they have parked in the united states. foreign aides which made up the majority of afghanistan has been frozen. the country is facing the prospect of food shortages, 40% of the harvest lost to drop this year end currency prices gathering steam at the same time some good news for many regular afghans, today the western union resumed transfers to the country after the united states pulled financial institutions they may process personal ways. i know that doesn't sound like a big deal for afghanistan economy is tiny heavily dependent on cash. there are very few banks so the kinds you get through western union really important. remember dramatic scenes from the airport we've been watching,
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there's almost nothing at all going on here now. the airport has effectively been shut but there are some positive signs it vital that that happened because the issue now is you have to get the airport open if you want military and aid in, forget about people getting out of the country at this time. sources tell fox news a second jet landed caring technical team that just landed in kabul there to discuss the resumption's of operations at the airport. in a way, you could say for the taliban taking powder, closing in on problem from occupying the city was the easy part. the tough part begins, all that money the united states government sees, that could be a real level of power to influence going forward because one thing is for sure, they really need money now and they need quickly. neil: thank you very much.
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ryan in london on all of us. this issue of money, nine and a half million of funds becoming available, the former world present and the deputy secretary of state of defense, i apologize. what do you make of these overtures that other countries and technical aid and the like are being made now to afghanistan where their fights are being welcomed by the taliban along with that aid? >> it's hardly surprising to see it roll out but i would say i wish those countries and the rest with get together and tell pakistan pakistan will be held accountable for any harm that comes to americans stuff in afghanistan. pakistan out of the numbers but i think it's at least well over $1 billion in aid from national
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community. that should be held in advance until hostages are out, basically we have thousands of people officially listed as hostages but until they leave, they should leave over. neil: so these -- they are still in their, how the president was under the notion that the taliban, because of the leverage we have, wouldn't harm them, in fact would help getting them out of the country. do you share that optimism? >> only as long as we know how to bargain in a tough way and not send bushels of money for promises. i think any harm that comes to those people should be charged to them some way, i don't mean just financially they have to let people out and let them out quickly, anyone who wants to
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leave. >> what if they don't? >> particularly americans and people we have because they help us. neil: but what if they don't? what if the taliban doesn't make good on that? >> i don't think you get anywhere by starting nickel and dime paying for hostages. i think what happened in 1981 after reagan's inauguration, there is a president who would get very tough for them and he let the hostages go, that's what we need now. neil: the future of afghanistan, the notion the taliban 2.0 is different, a wants federal relations with the world, it dealing with terrorist extremist groups in its own country, isis k comes to mind, what you think about? is this a different taliban than the 120 years ago? >> i would like to see the evidence for the claims, obviously they would like the
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world to believe through a variety of reasons putting the money mentioned, i understand there's brutal executions taking place outside of camas. little girls, ten heroes are being forced to marry run up men, all the practices they followed when they ruled the country 25 years ago and 20 years ago are still evidence. i'd like to know from people who think they really mean it, why do they think a group that for 20 years has been fighting us, 20 years denouncing us and hating us, why do they think that will change overnight just because they want to work? i think they're going to think we're the ones who changed because we lost a work. i would say if nothing else, another great line from reagan, trust but verify, don't do anything based on nice words.
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neil: many of your old colleagues are interested in helping afghanistan out. i assume you are saying trust but verify should be -- >> the world bank always wants to lend money -- sorry, neil. the world bank met with success by how much money they funnel the door and they are not scrupulous who they give it to you. if you talk about loans to corrupt governments much less extremist governments for the record of supporting terrorism, they say your politicizing foreign aid. the world bank doesn't take political correct considerations don't belong, it simply says the money has to go for development purposes. i suspended world bank lending on the grounds that backcountry was so tyrannical and dictatorial but there was no way
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to know where i was money was going from being spent properly and people were terrified to tell us the truth. this should be conditions like that in afghanistan. unless we have real access to where the money is coming that it not being stolen and put into weapons, into cocaine traffic than i'm not satisfied. they'll claim credit for the money. neil: let me ask you about what the president claimed about what went wrong in afghanistan, he said nothing went wrong on his part, there's no way we could have prepared ourselves for how quickly the government would collapse. now we are hearing comments from anonymous military types that he was warned, the government would collapse rapidly and we better prepare for that. what you think of all that? >> one thing i know is that the
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french started evacuating people in may, i don't know why we didn't. we had a lot more, we had a disgraceful jam of people's lives being killed while waiting to get these visas for interpreters and others who helped us. that should have been broken a long time ago. as soon as they announced any kind of deadline for the september 11 or august 30, there was no way they would create that jam in three days. that's the minimum that should have been started and it would have changed the chaotic situation at the airport. i don't buy it from of the french got it right, why couldn't we get it right? neil: i'm just wondering whether it increases the odds of the terror attack in our country. what you think? >> i worry a lot about that. i'm not going to quote reagan, i will quote yogi who said it's
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hard to make productions especially about the future. i think it's hard to predict chaotic situation. there are all the ingredients there unfortunately for setting up training camps for allowing terrorist groups to organize. one thing, by the way, i think you can take this to the bank, they are certainly going to support terrorism, that's what but pakistan created them for. don't forget i mentioned pakistan space bar not the people of pakistan who support the taliban, is the government within a government called pakistan intelligence services they support these people, they supported them in terrorist attacks and had a big one in india but after obama's election and before bush's inauguration so maybe they took the time americans were preoccupied. i don't know the numbers but the terrorists wandered around randomly killing people
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including americans, it was a terrifying scene. to me it's interesting they came from pakistan. india has the second largest muslim population in the world but al qaeda and the taliban never succeeded recruiting indians, they had to recruit pakistanis to come in and commit terrorism in india but i don't see any reason to think that will stop unfortunately that could easily morph into not just india but we ought to be concerned about terrorism and principal because when it starts india even though you say it india, it's a different story, kashmir is a special case, they are all special cases including the u.s. once they get here. neil: well put. i want to thank you very much not only for being here but your service to this country. former bush 43 deputy secretary of defense, countless presidents for the formal former world bank
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president. ambassador, draining us now. we've got dow barely budging on these departments in this crazy week and past month. maybe a sign of optimism that the markets pass all of us or hope to. the hope springs eternal. in for charles painter to the next hour. >> i hope you have a good long weekend, good to see you. good afternoon, i am informed charles painter if this is making money breaking right now, monster miss the jobs report as employers had to 35000 jobs. as a result, we are seeing markets miss, post pandemic economic recovery losing steam? is a good news for fans of the feds brief money? got this to help you out plus president biden in louisiana at this hour

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