stuart: just in case you ever wanted to know we asked you how many hours per day panda bears spend eating. the answer is 12 hours. they weigh 300 pounds. they eat 15% of their body weight in 12 hours of eating. bamboo shoots 90% of their diet. my time is up neil. that is yours. neil: 12 hours per day. that is pretty wild. i had no idea that was the case. i have pretty good requested on spending package, it was said and done, over five trillion. be that as it may it would rely heavily on tax increases, even with the substantial tax increases we're looking at, it is nowhere close to be paid for. i do mean substantial.

throughout the next two hours we're picking this thing apart because we figure we have a stake in this. by the way whether you're in crowd affected directly or not, it seems to be prevailing wisdom here, less than 400 grand a year you don't have to worry. maybe you should start worrying. hillary vaughn has been crunching numbers, some of the proposals democrats are coming up with to pay for all of this. hillary, what have you got? reporter: neil, taxes on the table from house democrats it is not nearly enough to pay for the tab of $3.5 trillion spending package. that is not a problem for progressives in congress but a problem for moderate democrats in congress. a handful of democrats senators promise to make this package fully paid for. including president biden who said so himself. with those statements put the

passage of this bill in uncertain water if congress cannot come up with the cash. non-partisan joint committee on taxation gave their estimate of the tax proposals. 2 trillion would come from combined taxes targeting the rich and big business. not only would taxing the rich not pay the full tab, if the government confiscated all of the combined income from the super-rich, the top 1%, they still would come up one trillion dollars short to pay for everything in this package and that is if the price tag is accurate. the committee for responsible budget is estimating that the real cost of the reconciliation package is not 3.5 trillion but $5.5 trillion. some top democrats are advising colleagues not to worry about the cost. house whip james clyburn tweeting this last night, quote, when it comes to the budget reconciliation process worry about the price tag after we get

done. increased taxes are getting blow back from business groups saying taxes do add up to job losses and lower wages. the study from rice university and the national association of manufacturers says raising the corporate tax rate would mean one million jobs and over 100 billion in gdp lost in just two years. but still, progressives are pushing to tax the rich. congresswoman alexandria ocasio-cortez rubbed shoulders with a lot of rich people last night at the star-studded met gala in new york where tickets were 30,000 bucks a pop. alexandria ocasio-cortez said she was not schmoozing with the rich. she was trying to make a statement and said her dress was gifted as well as the tickets to attend. neil. neil: all right. that is good to know. hillary, thank you very much. saying what hillary was just saying here. forget this is lopsided going after businesses and the wealthy. even tapping them to the degree of this plan does, it doesn't

come close to paying for it. in fact if you confiscated all the income of the top 1% and that might be more to the notion that it is their fair share, if you took it all, all of it, i mean every single penny and don't rule that out as eventual goal it wouldn't pay for this. that is remarkable. you have to go down the food chain a little bit here. you have to take a little bit from this person, this person, this person, because the math doesn't add up! go to chad pergram. he is very good following numbers and all of that, the odds coming to pass, big differences between the house and senate i know. where does it stand right now, chad? reporter: democrats are trying to use the $3.5 billion spending bill as catch-all for one of their biggest campaign promises, immigration reform. the special budget process democrats use to pass the bill is reserved only for fiscal issues but democrats are working the refs. they hope to persuade senate

parliamentarian elizabeth mcdonough to stuff immigration policy in the bill. it happened before. >> 2005, there is very clear precedent. there was incredibly strong bipartisan and republican support including from leading republicans including of green card limitations and reconciliation. reporter: democrats may use tax revenue generated by new citizens to pay for the expensive bill. wedging immigration policy in the bill could court votes of progressive if they have to shrink the size of the bill. they may have to use immigration to lure liberal democrats to vote. >> i will not vote for a conservative infrastructure package unless we have a build back better, aka, this budget reconciliation package. maybe those 10 democrats rely on private equity and big money and lobbiest funding in order to preserve their careers in

washington. reporter: republicans are targeting democrats for tax hikes in the bill. >> they're really going to harm american businesses. what they are will do, they will give insenttive for american businesses to move to other countries. global minimum tax rate. they will make it as a disadvantage to be in america and sell that. reporter: democrats hope to get a favorable ruling from the parliamentarian until they get a cost estimate from the congressional budget office and specific legislative text. neil? neil: chad pergram, thank you very much, scott hodge, tax foundation president noticing all tax hikes. it's a lot more interesting to secrete activity to use coming up with getting money, not spending money. all of that said, these are pretty creative and aggressive tax hikes here. what do you make of them? >> well i think the war on success has begun. what they're trying to do is fund this very massive expansion of government, really on the

backs of about 5000 u.s. corporations and about 1 1/2 million successful americans most of which are individually owned businesses. this is a huge, huge, tax increase on the core of the u.s. economy. when we modeled the biden plan previous to this, our tax model found that it would shrink the size of the economy by 1%, cost the economy about 165,000 jobs, shrink wages, shrink capital stock and so forth and so we suspect that this plan will have roughly the same results. it is going to be a slower economy, fewer jobs, and a less prosperous over all america. neil: they say they will raise all of this money from these tax hikes, targeting the wealthy and corporations but they lose sight of the fact that that money and these individuals and companies can move, right? i mean, if you know that a tax bill of that magnitude is coming

your way, you're going to take steps, some as extreme as leaving, right? >> well that is exactly right. they are rolling back tax rates to a previous era, especially on the corporate side in which we did see a flight of u.s. companies seeking better tax systems abroad. our models tend to show that this is going to happen again. that we will see an incentive for u.s. companies to shift operations abroad to try to find lower tax rate. at the same time, they're rolling back individual tax rates to a time we haven't seen before. the top rate, for instance, on individuals could rise as high as 46%. then when you add in state rates, such as new york city, we're looking at total income tax rates of over 60%. you will see a flight of individuals away from cities like new york to places like florida to seek a better around

lower an and lower tax system. neil: where it all goes. capital can take flight. corporations can take flights. the thinking seems to be that won't happen. it's a pain in the neck to do. if you save a substantial amount of money to do just that, pain in the neck or not you will do it, weren't you? >> indeed. economic research has found that the economic burden of the corporate income tax largely falls on workers. one research study found that about 51% of the economic burden of the corporate income tax falls on workers through lower wages. the groups that are most harmed by that are women, low-skilled workers and younger workers, the most marginal workers in the workforce. so what we're going to see from raising corporate taxes is a shrinkage of those kinds of jobs for the most vulnerable people in america. david: you know, scott, obviously you have to follow this day by day, hour by hour on

the day, where it is all going. it is might one sort of prospect in the house. very different in the senate four or five top democrats expressed various reservations one or several aspects of the bill. i'm just wondering how you see this proceeding now? >> well i'm, i am sensing this is perhaps the most moderate of the different versions of the tax bill that we're going to see. i suspect that the bill that will come out of the senate finance committee which is headed by a very progressive ron wyden from oregon is going to be much more aggressive in taxing the rich than what we're seeing in the house side. so where they end up compromising will be interesting to see but i dare say that it is probably going to be a lot more progressive than even what we're seeing today in trying to analyze the impact of. neil: all right. scott, thank you very, very much. scott hodge of the tax

foundation, the president there. i know sometimes this seems like we're throwing a lot of numbers and data at you on this and we will for the next two hours just to show that the money coming in supposedly to pay for this is not going to cover the full freight. now there are ways you can do that by dramatic scoring to keep pace with the impact this will have in the economy and revenues it will raise of the stimulus takes hold and all of that but this dynamic scoring as is the term often times misses the mark because dynamic scoring generally refers to the bang for the buck you get for tax cuts, not necessarily for spending but be that as it may, the scoring looking at seems to indicate that they are going to get this money and back and so they don't have to necessarily have it fully paid for. probably a good thing because as things stand now it is not paid for, even with the increases

they're looking at. by the way back to the fair share argument. as i said before, if you're going after the wealthy and just targeting the top 1% and you took all of their money but some might say to rich paying their fair share, 100%, it wouldn't pay for it. don't get us started on corporate taxes, removing deductions or other things. this is what is important here. it doesn't come close. follow us as we follow the numbers after this.

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and i think what concerns me the most among any things the detachment from reality. reporter: yesterday at the house hearing blinken said that we inherited a deadline. we did not inherit a plan. well senate republicans are not accepting that argument today. the line of questioning, today, neil is around how many current afghan allies are still in afghanistan that need to be taken out? we learned yesterday there were several thousand green cards holders are still there. they are also asking why are planes not taking off from mazar-i-sharif? how are they being evacuated? who is being vetted? what is the administration approach dealing with the taliban. as we saw house democrats see this do yesterday, we're seeing some senate democrats shifting the focus to the last 20 years in afghanistan, what happened with those previous administrations, decision making rather than just focusing on the

withdrawal. neil? neil: ashiah, thank you very much for that. you can count the former defense secretary for barack obama. leon panetta concerned what he is hearing out of the secretary of state. take a look. if these groups are allowed to do whatever they want with taliban protection, whatever differences they have amongst themselves, isis-k, certainly the taliban, if you're right, i think you signaled this in the past, we might have to return to afghanistan. >> well you know, the issue for this president and for our country is to do what is necessary to protect our national security. we went to war to try to make sure that al qaeda would never get the chance to attack our country again and that hopefully afghanistan would not become a safe haven for terrorism. well the danger right now is

this afghanistan under taliban control will become a safe haven for terrorism. now the issue is, we have a situation in afghanistan that represents a national security threat. we damn well better do what we have to do to protect our security. neil: so what leon panetta was saying, now with this new terrorist threat which is exactly what it was like 20 years ago. we would have to put troops back on the ground in afghanistan to deal with that. walid phares with me right now. what do you think of, it is inevitable, we'll be back? >> your interview with secretary panetta was so enlightening, so important, especially your answer about certainty, that the taliban at the end of the day are going to host all of these organizations, not immediately not asking them to launch attacks, they're smarter than that. they have a government, have a regime, something they never had

before. they had all the american equipment. they will have contracts with china. it's a new taliban regime. the problem is going to be that these organizations, should it be isis-k, should it be al qaeda, haqqani, for the first time will be integrated in the government. they will cut deals with each one of them. what is your price. what is your, that will transform afghanistan into iran. we're deal dealing with a different game at this point in time. neil: walid, are we giving ourselves false comfort in this country, separating the taliban from say the isis-k fighters and other rogue groups, that they hate each other so much that, you know, we need not concern ourselves? what do you think of that? >> look, i don't know who are the academics behind these ideas to sue everybody. we have some examples from the past in other countries and lebanon. hezbollah, and they keep

fighting for 30 years, not 20 years. the government of lebanon is controlled by hezbollah. you look at gaza, you have islamic jihad. they are united. the islamists in general terms do battle to enhance their position in the coalition. now the taliban were offered a superstate with all these resources. certainly they have enough resources to satisfy these organizations but, i'm concerned about something else. maybe those groups that we are focusing on will be integrated but there will be a second generation of jihadists. those are going to be the more dangerous for the people. -- eisnaugle i think will happen. neil: i think very pressure endly said, these groups whatever difference are united hating us more than anything else. that is what unites them, right? >> exactly. neil: walid, finish that thought i'm sorry. >> no, basically if we don't

reform the ideology. all the jihadists with different names will be under same umbrella. it is not the military level. the war of ideas where we fail. neil: walid, thank you, i think. very interesting stuff. walid phares following the fast-moving developments in afghanistan. any updates further from secretary blinken's testimony of course we'll pass that along to you. suffice it to say there is a grilling going on here. it doesn't fall strictly along republican and democratic lines. a couple of democrats have had some zingers new jersey menendez, it was botched affair from the beginning. we're starting to look at the fallout of nicholas. it rampaged through the gulf coast, particularly of texas where you find our grady trimble with an update. reporter: neil, the rain has finally stopped and floodwaters are be siding.

homeowners, business owners are getting a sense of the extent of the damage. we'll show it to you next. ♪.

neil: tropical storm nicholas made landfall or ground fall along the texas coast. it left a mess. the latest from grady trimble in texas. grady, what does it look like here? reporter: it is landfall. it is a category 1 storm. the wind was destructive at times but the big story is the rain and in some cases like the neighborhood and storm surge that flooded all the homes and businesses. amy is the owner of this cafe and coffee shop and arts studio. you tried to prepare. you put sandbags up. it just want enough. >> we definitely missed the call

on this one. we thought it would be similar to beta, and we raised everything up about a foot, because we got a foot in that storm and, unfortunately we didn't go high enough. so we got about three feet, as you can see from the water line which exposed our equipment. so we lost a good portion of our equipment and, we'll have to wait and see what is salvageable within the walls, everything like that. reporter: as we walk through here, you can see there is still about two to three inches of water on the ground. it was at three feet at its peak? >> three feet. we came in at 5:00 this morning. we weren't able to come inside to see. it was dark, power was out. but we could definitely see on the outside it had reached three feet. reporter: neil, this is a small business here. the other story is the large oil and gas producers, they are dealing with a lot because of ida a couple weeks ago.

there were concerns more refineries have been shut down because of this storm. that has not necessarily been the case but still more than 50% of natural gas production is off-line as they are still recovering from that storm. so it is the small business owners being impacted. it is the large oil and gas corporations. and then there is the homeowners. about 450,000 customers in texas are without power right now and i guess, to end on a positive note, that is that we are seeing a lot of power crews in this area here working to restore power for all of those customers who are still in the dark at this hour, neil. neil: all right. grady, thank you for that update. grady trimble in texas where it could have been a lot worse. it looks pretty bad as we speak here. california is the other big state in the news today. big recall election on the fate of governor gavin newsom. where you find our chief national correspondent connell

mcshane. connell, how is it looking there today? reporter: is interesting, things, neil, these things always as we talk about is turnout but it is so difficult to gauge that in a election like this. this is a all mail election. all of them received ballot in the mail. 38% have been returned with a vote. voting centers like this, show you inside of the building here, see some streaming in behind me, inside coming in to drop off their ballot in most cases in person. they're picking up new one if they're registered to vote. it has been pretty light. the republicans made in person turn out, like this man who we spoke with who is upset with governor newsom's perceived hypocrisy. >> when he goes to the french laundry to have drinks with people, stuff like that and not wear masks, stuff like that doesn't follow his own rules it is not cool. it is not cool for people to live by. it is a bit tone deaf to be, to

not really are care what his constituents are facing in this state. reporter: it remains to be seen if that kind of anger will be enough. the newsom campaign, they say they're quite confident he hangs on, maybe does no quite easily. one of his strategists last night doesn't see any scenario where the governor loses his job. the talk show host elder pushing him forcing the campaign to very hard. newsom spent 30 million on tv and radio ads. he called in all the big guns, president biden on down to campaign for him. we should know something tonight after the pole close here at 8:00 p.m. local time. there is expectation we won't know everything, depends how close. early voting results come sometime late in the night, your time 11:00 p.m. eastern. we start to get in-person voting today from there. we might not know for quite a while. neil?

neil: thank you for that, connell mcshane. gianno caldwell out loud with giano caldwell. polls are one thing. the final vote reflected late tonight early tomorrow morning will be the other. i do remember from the 19993 recall election, it was very tight going into it. arnold schwarzenegger ultimately succeeded in pushing out the governor. i'm just wondering what is your sense of where this one is going? >> well you know, neil, got to be honest, polls don't vote, people do. i think that is important for people to know. the fact that gavin newsom's campaign already taken a victory lap says everything you need to know about overconfidence in campaigning which they shouldn't do. not like hillary clinton did in 2016 where they said, oh, it is over, nobody really cares, trump isn't going to win, no chance he is going to win. they shouldn't do that in this case i believe. where we lay out what is going on in california, there is a need to recall this governor.

there is a desperate need i believe to recall this governor. he is one of the reasons why i was ran out of los angeles because of the overrestrictions in his covid policy. if you look what happened there since then. in 2019, in 2020, rather, there has been a 7% increase in the homeless population, leading to 161,000 homeless people. you look at homicides across the state. rose by 31%. you look at fights going on in our school in terms of kids being educated in school or virtually, in masks. all these different things. there is a lot of conversations going on what is scientifically proven to work what isn't. what people i think in the state of california have been most frustrated about with gavin newsom, it didn't appear in some cases his decisions were scientifically based. seems it was more about politics than it was about science. there is a lot on the ballot today for a lot of folks in california. it is my hope that he is

recalled. neil: you know, i misspoke the last election was 2003 when arnold schwarzenegger was able to kick out gray davis, but again the feeling seemed to be, see democrats raising this again if republicans don't get their way traditional polls, traditional election time, they try to usurp that, interrupting, throwing the bum out, as we speak, is that a real argument? >> throwing the bum out, this was a guy who was at french laundry when no one else could eat. this is a legitimate concern for a lot of people. this guy is an elitist, if i may state my opinion so clearly and other folks who wanted to live their day-to-day lives they could not. there was a report that was done earlier this year that shows the most businesses that went out of businesses were in the state of california. we're talking about across the country. the most impact of the covid restrictions were in the state of california.

a lot of these businesses will never come back. you also look at the eviction moratorium. the cdc did their thing. californians, the governor he started there first. in that respect, if you're going to shut down everything you should give people a way to pay their bills, maybe you should stop things. but at some point you got to realize there is owners of properties who are sleeping in their car tonight and last week because they cannot afford to live while other people don't pay rent. this is a big problem, a big issue, it speaks to the leadership which this governor has provided with has been lacking very, very damagingly for a lot of folks that live in the state of california. neil: you know i find it interesting, gianno, some of the recent days, governor newsom has tied the republican effort here to trumpism. even going so far to say it is donald trump redux. in a state like california maybe that is an effective strategy

but what are you hearing about it? >> i don't think that dog per se is hunting. folks there prefer democrats. we see it's a blue state. this was a urgent need to change the direction of the state. so whether you can tie trump to this election being a successful strategy it didn't work for the recall. he has been doing it since the recall. these are trump extremists trying to get me out. this is partisan witch-hunt, da, da, he said all of those things already. it didn't work it. still there is an election obviously today, one before the election and a year from now. when he stays in he still has to face another election where other democrats will jumped on the ballot because people are not satisfied with his leadership. it doesn't matter if he is able to be retained today, he is not recalled. he has to deal with another election in the near future where democrats get involved and they may still replace him. neil: you know what, larry elder

got into some controversy asked whether he would accept the results of the election who won, he wouldn't commit himself one way or the other, but raised question about the whole election process. where is that going? what are we to glean from that? >> there is reporting that suggested he said there may be something going on with the voting right now. in other words one can conclude he may be saying or inferring that the election could potentially be stolen. i'm not necessarily, i'm not heard him say that. i can only look at the reporting. people can draw conclusions, i don't think we should be in that business of spreading things without facts to support those claims. i can't really say. truth of the matter is everyone will be looking at this election. i'm sure there will be at least some integrity here but if there is anything that happens and there should be evidence shown, proven, not just a bunch of

conversation and rhetoric about a stolen election. we should be far beyond that. facts matter. those facts should be rightly applied in any case whether larry elder, who is able to win or not. we have to be honest, honest actors on the state stage, national stage, the world stage. neil: all right. gianno, great catching up with you. >> thank you. neil: giano caldwell. i might add whether it came to whether each candidate would accept the results of this election, the fact of the matter larry elder was asked that but not gavin newsom. we'll have more after this.

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necessarily tame but tamer than some thought it would be. we saw an overall jump in the cpi, the consumer price index of about 5.3% year-over-year. both that, the core numbers were a tad less than thought but still running at a pace that would worry some about rising prices in general. there is also the confusion over how this might affect the fed and its tapering issues, it is supposed to take up by the end of the year. whether that would slow that, start, you know, relieving the fed of the constant buying, 120 billion a month in treasury securities and the like. it cuts both ways here. that this is weak enough to warrant that, the inflation issue. others saying not quite yet. woe will keep an eye on that. keeping an eye on facebook, maybe, a double standard for general customers and then, well special customers. let's go to edward lawrence with more on it. edward? reporter: neil, yeah, you can

see investors kind of flat on facebook there but the investigative report by "the wall street journal" found not only did facebook lie to its users about being fair, it also lied to the independent oversight panel the company formed. facebook created an internal program called cross-check. what it actually did was exempt certain users from most of the policies on the platform. we're talking about 5.8 million people. according to documents "the wall street journal" reviewed the program was meant to avoid company embarassment. the documents show facebook was more concerned about looking badly in the eyes of lawmakers or celebrities than being fair. so in a tweet the president of integrity said this. content moderation is imperfect. extra layer of checks for sensitive situations so we don't make mistakes is logical and it does not equate to exempting from rules. still the facebook oversight board released a statement saying it has expressed on multiple occasions its concern about the lack of transparency

especially related to the company's inconsistent management of high-profile accounts. one of the reporters breaking this story says facebook knows it misleads practically everyone. >> they haven't exactly been transparent about the potential issues here, right? publicly the company says on mental health, there are small effects, some good, some bad, but not a big deal. their own research doesn't really fit with that. reporter: on mental health "the wall street journal" found that internal slides showing executives knew instagram makes teen girls feel badly about themselves and did nothing about it. one slide saying that we make body image worse for one in three teen girls, yet the company continued without changes. now the company now says it is trying to phase out that cross-check program and they limit who gets to put people on that list. back to you. neil: edward lawrence, thank you very much for that.

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♪. neil: we had heard that the administration will do anything to pivot away from the examination of afghanistan. its secretary of state being questioned on capitol hill today, that may be dealing with virus, things like that, something more to his liking, certainly his speed. but maybe not because it has been growing criticism about this push yet for a third shot a booster shot that could be available as soon as next monday. peter doocy at the white house with the back and forth on that. peter? reporter: neil, the back and forth because there is some question about now whether or

not white house officials got in front of their, got ahead of their skis when they came out to say that to be fully vaccinated that will mean a third shot eight months after the second one. there are two scientists from pan fda vaccine review panel say they have not seen data yet to support a booster shot for everyone. they write this in a journal, current vaccine supplies could save more lives used in previously unvaccinated populations than if used as boosters in vaccinated population. the fda said recently they have seen science backing up a third doze for pfizer recipients september 20th. they're waiting for more data about moderna and johnson & johnson of the government language started changing again. first 2 was vacs or mask. now protected the unvaccinated. increasing our testing and masking, protecting the vax

nated we can end this pandemic. that is what we're doing. the biden administration is pushing vaccine mandates anywhere they can. in florida, governor ron desantis says local governments will cough up $5,000 if they do that. >> if you're doing mandates based off this, if you're following science you would acknowledge this natural immunity. instead they ignore it. reporter: so there is agreement between the white house and the fda and all the scientists that full vaccination is good. that means two shots. it is the third shot where there are new questions. neil? neil: oh, boy. i'm confused. peter doocy at the white house, thank you very, very much. it has got to be confusing for restaurant owners, small business owners, for example in the new york city metropolitan area where inspectors have been unleashed on them, making sure that they are checking the vax nation status of their

customers. as if my next guest could afford the distraction and responsibility, the festival cafe owner tyler hollinger joins me right now. tyler, good to have you, i imagine you have a full plate, no pun intended. this added responsibility you know to check your customers vaccination status probably isn't welcome. >> neil, thanks so much for having me on the show. wouldn't it be great if we just sit at the bar, two of you, you and i having a call view -- cavuto martinis? but unfortunately the city has other plans for us. they deputized as enforcers, but the actual people inspecting us are not required to have the vaccine. neil: i didn't realize that? that is doubly wild. these inspectors now are flooding restaurants and small businesses to make sure you're complying and then there are

hefty fines if they find out you're not but gives the appearance to me, tyler, like the gestapo walking in. may i see your papers? it is weird. it seems very weird. >> it is extremely weird. because the city is broke and they are trying to put a shakedown tactic. notice the city is not writing around a ticket for unvaccinated. they're not doing that. they're not writing a ticket if you're unvaccinated on the subway. on the subway, half the people were wearing masks. it is nonsense. neil before i went on the show visited here on the cafe, department of transportation threatening a 5,000-dollar fine for our sidewalk fine. neil: 5000-dollar fine for your side walk sign. did that just something wrong is going on here. exactly. let me ask you, that's wild.

i'm really concerned that you know, this onus is on you and other restaurant owners and yet i don't know how these inspectors come in and how they go about checking this. do they go right to the customers? do they go to you checking on them. how do they do it? >> i've been following all this very closely and it is simple for bars and restaurants. you put up the signs and, you are in compliance. if you have the signs up you're in compliance. if somebody shows you the vaccine card you're in compliance. here at the cafe i can't afford to put somebody at the door to check vaccine card. we have qr codes shelf check-in. everybody in new york city knows the scenario. they know what to do. if you're unvaccinated we have plenty seating arrangements just for you. this is what the mayor of new york doesn't understand. he thought he was going to take away this privilege from people. what he didn't realize all the

savvy bars around restaurants created these elaborate outside seating situations that allow those unvaccinated people just to sit there. it is clown time here in new york city and the government is run by crazy people, crazy people. neil: amazing. you don't need it. tyler, could you spike the double expresso when i get there? man, oh, man. >> i think we'll both need a double. neil: i hear you. good luck my friend. it's wild. it these are the times which we live folks. i don't think you want to drink to that after this. ...

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see it. want it. ten-x it. yum! neil: maybe it says something about the inflationary times in which we live when a consumer price report comes out that shows a 5.3% year-over-year up-tick in prices, and we're relieved that it wasn't still higher, but these are the times in which we live, where inflation and speaking inflation, at that, is the dominant theme of the day, but as lydia hu is finding out at a grocery store in east chest

er, new york, that 5.3% really doesn't cover the whole story. lidia, what's the latest there? reporter: yeah, neil, we're finding examples that are much more than 5.3% like you said prices are still high, inflation slowed a little bit, the month over month down about .3%, but you're right. food prices have really been driving a lot of the inflation we've been seeing over the past year. the data out today shows that that meat price is up more than 8% year-over-year, seafood and fish up more than 10%. the owner of this grocery store says he hasn't seen prices pop like this ever. you take this rack of lamb, for example. a pound of this last year would have cost you $24. now, $39, he says, he has to pass along his costs to his consumers. >> there is no other way to stay in business unless i raise the prices. it's very difficult right now.

never saw such a big increase. i could not believe this. reporter: now, if we take a look , a little bit closer at some of the details we know that beef up more than 12%, pork up more than 9%, poultry up 7%, and now we know that the inflation did ease a little for the month of august, the experts are also telling me that these elevated prices are here to stay for a while and when it comes to food in particular some experts are saying expect these higher prices through the end of next year. neil? neil: wow that seems a bit more than transitory there, lydia hu thank you very very much. you know, at last i had bill johnson on this show, the former kraft heinz ceo, he also expressed skepticism, to put it mildly, about the transitory nature, of all this the administration and others were touting. unfortunately, you've been proven right about that but i'm wondering now, with reports this could linger for a year or more, what are we in for? >> neil, i think it may get

worse, and again, i love the word transitory. the only transitory here are people's incomes and savings accounts as they spend more to basically sustain their livelihood so i think as we go forward the one thing that i am very concerned about on top of this inflation, proposal to substantially raise income taxes and then throw a bunch of money back into the economy which will just exacerbate the inflationary impacts we're seeing, and you know, when you see somebody like the ceo of kroger last week in an earnings call indicate that pricing is not only here to stay but probably going to go up in the fourth quarter and then you don't know what the economic impacts are going to be next year and then you've got labor pressures on top of that, i just don't see this going anywhere but up or at least being sustained as four, five, 6% inflation and the one thing i have to say, i mean, i hope somebody tells consumers that a 5.3% increase is really okay, because i know how my wife react s to a 3% increase let

alone a 5.3% increase and with producer prices up as much as they were, you know, i just think we're beginning this thing i don't think this thing is anywhere near closure. neil: you no one of the things you hear from people who look at the price up-tick is that it makes shoppers more savvy, a little bit more incentive that they move let's say from expensive cuts of meat to less expensive cuts of meat i get that but that's putting a pretty sorry spin on this if i can't afford, you know, the premium chop meat, i might go for the far from premium chop meat and that might satisfy me, i don't think so. >> no, i don't think so either, neil. consumers get used to certain items particularly if they have children in the household. i don't know how your children were, mine were fairly finicky, so you can change some thing, buy down private label or private branding but some things you're just not going to give up and as a consequence you're going to pay more for that and something else

in the budget is going to have to give and despite what all these people in congress think, the reality is most people operate if it's not a formal budget, it's a quasi budget that's at least framed in their minds. you know, i was looking at our front window last night and i saw a whole pack of turkey or whatever, a pack of turkeys is called, and i burt out laughing thinking there go our congressmen. i think the reality is these guys are clueless and as i said last time it would help if they all walked the supermarket aisle or the aisle at jc penney or macy's to see the impact their policies are having on the american public. neil: what big companies do provide a lot of this stuff like your own kraft heinz giant, obviously they change the packaging or put fewer in each package. i don't know quite how it works but they find ways to deal with that in the sticker shock. >> typically, we do, neil.

this time is a little different and in fact i'm starting to see price increases, the likes which probably we as an industry haven't taken maybe since the early 190s, late 80s. i'm chairman of a food company right now that looks like we're going public and we've raised prices on some items because the market is bearing it and we don't have any choice. i mean, the reality is you can cut labor, problem is labor costs are going up not down and you can cut it but everyone has supply chain constraints so you need labor. you can diminish we call it value engineering products in terms of removing pieces from the product or changing the packaging and so forth but consumers are not stupid. they see through some of this stuff pretty quickly. the pricing, at least they understand. they don't like it but at least they understand it so i think you're going to see more pricing this time, as the cost pressures go unabated which i think they will, starting next year, then i think you'll see some of the other traditional things sort of manifest themselves in terms of maybe labor cuts and supply

chain changes made and then also , maybe at that point, a lot more aggressive value engineering in terms of what the implications are for the products and the packag ing. neil: i'm just surprised when you saw the turkeys wandering on to your property that you didn't grab one and just say you're on the dinner table tonight. >> no, i would like to do that with several of our congressmen, but i thought the turkeys looked pretty good even though ben franklin wanted to name it the national bird but now having see congress back in action i can understand his thinking. neil: maybe he was just ahead of his time. bill johnson former kraft heinz ceo thank you, good catching up with you. then there's housing which has been looking pretty good, in fact a report out recently that shows we're short about 5 million homes in this country right now, so the demand should continue, we're told here, right now, the managing partner. have you seen that demand is there, you've got the rental equation here, and everything else that would seem to favor

more housing activity. how do you see it right now, pierre? >> you know, neil it's good to see you. i see this trend going on for the foreseeable future. i think in the last year and a half we've created a new housing market. a lot of people have been speculating which the pandemic created a housing bubble and i don't think that's the case. i think that demand, the demand is so strong and interest rates remain low, and there's no answer that's being brought to the table in terms of how to increase supply significance, so maybe worse case scenario, we'll see a price adjustment just given the fact, we're at the stage of the market where bidders and potential buyers have fatigue. roughly now, we're having a 50- 60% of all housing transactions entering a bidding war and you have 60% of all housing transactions go for above ask. at some point, that can't go on for perpetuity and prices can't keep appreciating at the record rates they are so at the end of the day, if that results in a minor correction, i don't think

it's going to be anything that's too substantial and this is the new normal for our housing market. neil: you know, normally when people are renting the appeal of eventually owning something for yourself, especially with everything else you're paying less owning a home on a monthly basis than you were renting that prior home. over the last six or seven months that's not been the case. what's going on? >> well you know you're looking at it from if you compare housing pre-pandemic to today i think average house prices have gone up roughly 25%. that's probably the most historic level of housing price increases we've had in such a short period of time, so at the end of the day, that's largely what's driving up the higher mortgage payments, especially for the last seven months, but also keep in mind the rental market has kind of been at a weird stage as well, given the fact that we've had what is year and a half close to two years of an eviction moratorium. in new york they just extended the eviction moratorium to the

middle of january, of 2022. you'll roughly go two years without having to face the threat of eviction in the event of default. that's playing a huge factor in the turnover of rentals and really knowing what the real rental market and rates are in a lot of major parts of the country. neil: so do you see a housing bubble significant enough to burst and maybe burst soon? >> you know, i don't, because however you think of housing bubble we all think about 2008 and what's the main difference between that market and this market? that market was fueled by excessive credit and horrific ally low underwriting and banking regulations and restrictions. now you look at it today, you know, we've had the highest percentage of cash deals that i've seen in my career is practicing as a realty lawyer in new york and we're having banks are lending at a very healthy rate, so what could be really creating a bubble if there's so

much liquidity and cash that's going into this market. i think that it's just a world of a difference than what it was last time we went through such a housing market. neil: i hope you're right. thank you very much, pierre debb as, romer debbas mana ging partner. we'll take a quick break but selling has accelerated on the dow down a little bit more than 300 points, a lot of this confusion over this inflation report better-than-expected even though the spikes in certain areas and certain food groups still very very high, but the confusion is over what this does with the fed and its thinking on tapering and easing up on the number of treasury securities and the like that it has been buying. you can make an argument because of this they have some wiggle room to start tapering, others argue that now is not the time to even consider it, because well we still have inflation. so it's a jump ball, after this.

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, but there's a growing debate as to whether you need it and that's not coming from politicians, but among doctors, some of whom have been saying the administration has moved too fast to push such a booster shot dr. sharif joins us right now with the university hospital in newark, new jersey, president and ceo there and the former new jersey commissioner of health. doctor, very good to have you. let me ask you just outright, do we need a booster shot? >> so thanks for having me on, neil. i think this is an ongoing debate among scientists at this point on when, how, and who should get a booster and i'll just tell you my perspective here as a hospital leader and one that i know is shared by hospital leaders across the country. we're seeing a lot more breakthrough infections and breakthrough hospitalizations not only among community members that we serve here, but our own staff and we all know that the healthcare workforce is at very high risk now in terms of shortages, folks are struggling to find nurses, doctors, and

other critical staff and their hospitals to simply make the hospital run and see the patients we need to see , and the concerning study out of the university of california san diego very recently showed an explosion in the number of breakthrough infections that were symptomatic among hospital staff, and an even higher increase among vaccinated staff relative to un vaccinated staff in recent weeks so that scares me and i know that our hospital staff need boosters from our own experience but i also think that there's considerable data that shows the need for boosters as well for the general population, and so i do support the use and the need for booster s. neil: you know, doctor, you mentioned your health staff and all. i always get concerned when so many healthcare workers don't get vaccinated or aren't vaccinated and that surprises me well you're on the front line i thought it was a given. some are trying to force that issue, i get it but why are they

not getting vaccinated? >> well unfortunately, neil, i think that our healthcare workers are exposed to misinformation on facebook and other social media platforms as much as the general population. we have our staff on these platforms receiving this information from their colleagues, their friends, and unfortunately it's contaminating people's thinking about the benefits and risks of vaccination. the fact is these are some of the best vaccines we've ever seen for any disease let alone covid-19 and i think that needs to be reinforced as much as possible. the surgeon general, dr. vivek murphy, recently released an advisory and showed there are roles for the general population, for citizens, members of communities but also, for healthcare workers, doctors, nurses, to promote the spread of correct information on the benefits of these vaccines and so unfortunately, we're see ing that phenomenon even among healthcare workers and it really needs to be addressed. neil: you know, doctor, for the

life of me and i'm no doctor but i'm always amazed how quickly this whole thing gets politicized and people who swear off getting vaccinated either because they don't want anyone to tell them what to do, i get that to a degree, some of them are just nervous about vaccines, i get that a little. others are saying they have natural immunity anyway, so they have no need and then i'm looking around and seeing all these icu's all the beds are full, with covid patients, overwhelming majority un vaccinated, so people really need access to those icu's on those heart conditions or what have you, who now can't get there, a fellow who died just the other day because 37 hospitals turned him down, icu beds were not available. that's what kind of amazes me like all right i get your personal preference issue, but this is spreading to be a far bigger more dangerous thing. >> that's a really important point. we were days away, neil, days

away last spring from having to pick and choose who gets access to our icu beds here in new jersey. rationing care, the thing that nobody ever wants to do, in their career whether you're a doctor or hospital administrator in both in my case and we were days away from having to do that last year so i know what that's like and unfortunately, you have hospital s in places across the country including idaho and some other areas where folks are starting to have these difficult conversations with the community they serve about their rationing care plan because of the number of folks with severe covid illness populating their icu's that's happening right now in many places across the country because of the delta variant so reinforcing vaccination as you mentioned is not a political issue. this is a safety issue. i have friends and colleagues who still, at this point, refuse to get the vaccine. i'm trying to treat that issue with empathy and we've treated it with empathy in our own hospital employees as we've implemented a mandate here, and

say look, this isn't about ideology. this isn't about a belief system other than the belief we should all be safe and protected from this deadly disease so hope people understand that your hospital may not be available to you unless enough people in your community take the vaccine and so i hope that message is reinforced as much as possible as i know you're trying to do, neil. neil: you know doctor, finally, if you had to guess in the new jersey area alone, those beds filled with covid patients, what percent have not been vaccinated >> right now, a study out of the new jersey hospital association i'm proud to be on the board of that organization, showed 75% of people admitted to hospitals right now with covid-19 are unvaccinated, so the vast majority of people in our hospitals with this disease don't have a single dose of the vaccine and that's concerning, because i'm sure that data is even worse on the

side of unvaccinated in states seeing their hospitals fill up with patients with covid-19, and so again, yet another reason to make sure that everybody is promoting vaccination with empathy, without disdain for folks who have held off up to this point, because at the end of the day, neil, we're trying to help these folks and trying to help them understand what the benefits of vaccination are. neil: you know, very quickly, my producer will kill me but so enjoy having you on, doctor as i always learn so much but the one thing that is worrying those un vaccinated, maybe vaccinated as well, is these cases where they're getting it again and i'm wondering about these breakthrough cases and what you tell the unvaccinated, they should still get vaccinated , because they hear that and say well look, these guys are getting it, and they had the shot. >> well i started the conversation with you, neil, talking about breakthrough cases , and of course we're see ing more and more of them and i think we're seeing evidence of

immunity, but i will tell you that if you get covid-19 after you've been vaccinated, the chance that you will require hospitalization and the chance that you develop severe symptoms is much much lower than if you are unvaccinated. the fact is, the people with severe covid-19 and especially people from dying from covid-19 are overwhelmingly people who are unvaccinated, so a vaccine doesn't protect you from getting covid it will certainly protect you from getting severe symptoms and having a poor outcome so please do get vaccinated. neil: yeah, it's amazing. dr. , thank you very very much, dr. shareef elnahal, former new jersey commissioner of health. just get vaccinated, if you can, i'm not trying to make this political, but if you can, your odds are much better. we'll have much more, after this s are carefully constructed. to go beyond ordinary etfs.

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neil: it could have been even worse, tropical storm nicholas makes landfall along the texas coast, robert ray of the latest now from galveston, texas, robert what are things looking liked to? reporter: neil, good afternoon, things are calm on galveston island but it was rocking and rolling overnight. the hotel was shaking, the winds were coming in, the rain was sideways and over a foot of rain actually fell here on the island but thankfully, no significant damage up and down galveston island which is about 15 miles away from the big city of houston, now nicholas is now a tropical storm as it's spinning over the houston area, and headed toward the louisiana, texas border, and that's where

things could get dicey, neil. over in lake charles, louisiana that was hit by two hurricanes last year, and then a bad unexpected winter storm in february, they are still reeling not getting the aid that they are wanting according to the mayor, and there could be up to 20 inches of rain as nicholas, perhaps, will stall and dump all that precip down there. on top of that after lake charles, neil, it passes and then it heads toward hurricane ida ravaged new orleans metro and all of the parishes to the south that about 100,000 people are still without power and that is a major issue if indeed nicholas continues to go and drop all that rain. in the meantime there is roughly about 300,000 people out of power in the texas, state of texas on the gulf coast. they are restoring it fairly quickly, and as you can see behind me, the red hurricane flag still out but folks are out on the road, assessing what minimal damage there is here in

galveston, neil. neil: all right, robert thank you for that, be safe, my friend , in galveston, texas. now to a different kind of storm , this one more political but it could be pretty nasty as well, that $3.5 trillion human infrastructure package. some price it at north of 5.5 trillion but whose counting. the fact is that there are a lot of taxes that the have been proposed to pay for it and they, yet, still don't come close, its caused a vision not only among republicans and democrats but some democrats think the leadership is going too far. brandon arnold of the national taxpayer union executive vice president with us now. brandon, when a number of key democratic senators, for example , see what's being cooked up in the house, start expressing concern about these tax hikes, you have to wonder what its fate looks like. what are you hearing? >> yeah, i agree. the fate of this very much up in the air because the more people hear about it, the more they

don't like it, the size of the bill, of course has come under great deal of attention, senators manchin and sinema pushed back against that, senator tester raised concerns about paying for the bill because they certainly use budget gimmicks here, in order to pretend to pay for the bill, it's not true. even senator warner a moderate from virginia expressed some concerns about the magnitude of the tax increases, the corporate rate in particular, which could very much damage american competitiveness at a very very important time in our economic history, and on top of that, its disadvantaged a lot of american workers bypassing down those tax increases to workers who could see lower take home pay a real concern for moderate democrats right now. neil: let's say that two-plus trillion in tax hikes they're looking at gets widdled down to only 1.5 trillion, i don't know. that's going to be a tough hill

to swallow. what are its prospects in the house versus if it ever gets to the senate? >> well, they got problems on the house side too, of course. i think the biggest issue they have there is the salt deduction , the state and local tax deduction. that was not put into the bill at all. of course the 2017 tax reform legislation capped that deduction at $10,000. it made a blue state democrats absolutely livid and they want what they call relief in this piece of legislation. it didn't come or hasn't come yet in the house bill and there's some democrats, particularly from high tax states like new york, california , new jersey, maryland , that say they won't support this legislation unless democrats fix it. of course it's extraordinarily expensive to do so, if they put a full fix in there, you're talking about $500 billion. $500 billion that will flow to the wealthy americans in those wealthy states, so it's a huge problem and i don't know

how you can go out to a fancy dinner and wear a dress that says "tax the rich" and be all over the newspapers and then turnaround and vote for $500 billion in tax cuts for wealthy americans. neil: yeah, the latest talk is that they're going to try to tier that so that upper income can't take advantage of it if they do rescind the cap but it's a mess and far far from getting done. brandon thank you very very much so again, that's the debate in the house, and getting approval here, nancy pelosi can only afford to lose three democrats, if you think about it, in the house, assuming every republican votes against it. then getting into the senate we already had four or five democratic senators who had various beefs with the measure even though it's a total cost or the tax hikes to pay for it. you've got some bumpy roads ahead of you. all right we've got more on that and also an update on apple's big announcements today. new ipads, some new watches coming out, of course. the grand daddy of them all is

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neil: apple stock down about a buck today, usually on days of big announce am the stock takes it on the chin, rebounds from that some time later depending on how the new products are received and on that front let's go go to susan li what she's hearing. reporter: hey there, yeah so we have california streaming the 2021 apple event kicking off atop this hour, tim cook taking us through beautiful landscape in the state, great state of california, and then getting straight to the device launches and he started off with the new ipad. >> what makes ipad even more versatile are the over 1 million apps designed specifically for

its large canvass. the ipad business has never been stronger. we've grown by over 40% this past year. reporter: so as a result, they are launching two new ipads including just the brand new ipad, which starts at 329, ships next week and then you have the ipad mini which actually costs more, smaller screen, a little bit more flexible, and yes, you do have 5g capability on that as well. we just went through the new apple watch series 7, jeff williams the coo, making the introduction and next generation watch, 40% thinner, 50% more screen area, edge-to- edge and you also get a new operating system along with it as well. we are anticipating a new iphone , of course whether or not it'll be called the iphone 13, i think that still remains in question but the iphone still makes up roughly around 50% of apple sales so this is the second generation 5g capable smartphone from apple. we've heard the apple watch series 7 and we're still

awaiting the air pods most analysts anticipate some sort of announcement when it comes to the wearable devices but all in all it's like a prove me event, neil, for the world's biggest company. is there enough capability, is there enough innovation in these new device launches that people will go out to spend more and buy more, you know the iphone 12 is the best selling smartphone in apple's history. they are expected to ship roughly 290 million units, a global installed base of roughly a billion smartphones out there, so in order to i guess match the valuation of 2.2 trillion they have to come up with the goods and innovation to encourage people to compel them to obviously upgrade. now will you do that, neil. what do they need to come out with for you to say okay i'll buy the next iphone 13. neil: i go for speed. the faster the better. the speed, speed, speed. all right, we'll see. i'm not remotely fast myself, but i value the quality in my technology. thank you, susan.

great job. susan li following all that. i don't know if we have charlie gasparino is really big into smartphones, in fact i don't even know if he even has a traditional one. i do know that he has an uncanny knack for reaching some of the most important people on the planet so he obviously does have a way to communicate with them and breaking some news. what do you have for us charlie? charlie: well neil my iphone 1 works really well, just so you know. i'm not going to 13. what did susan say, 13 is it now neil: they might call it 13. that's a roll of the dice but whatever. charlie: [laughter] in any event, we do have some breaking news here. the most important man in housing finance could be, and i say could be, because there's an effort to derail his nomination as we speak, a guy named michael calhoun who is, from what we understand, at the top of the short list, to become the director for the federal housing finance association, fhf s which essentially sets rules, governs

fannie mae and freddie mac in terms of how they can finance the 30 year loan market. it's a huge position, it's a very powerful position. he's at the top of the list and i say the only reason i hedge here, that he's not getting the job, and we understand that he's there, almost there, is because progressives are seeking to block his nomination, derail it, demanding that president biden appoint the acting director director of the fhfa sandra thompson for the role. why don't they like calhoun? whether it's true or not, this is what they are saying. he has a lot of ties to wall street people and they are worried somehow this will skew the biden administration's federal housing expansion goals, particularly through fannie mae and freddie mac regulation and whether he really wants fannie and freddie to be an engine to widely distributed homeownership across economic lines, and if

he's, if wall street is speaking in his ear, well then maybe he wants a release fannie and freddie from government control which he said should be done in the past. well maybe it's done in a way that benefits shareholders as opposed to stakeholders who are the people they want to extend mortgages to. that's the debate going on right now. that's what's going on inside the biden administration. we understand the decision is imminent. i always point out that nothing is imminent when it comes to bureaucracy for all i know they could take next two weeks but we understand this is on the desk and it's the final, you know, gut check and he's at the top of the list but there is blowback from progressives. again most people don't understand this part and they think it's freddie may and the reason why the average person can buy a home with a 30 year mortgage is because of fannie mae and freddie mac. they buy those mortgages from the banks. they package them into securities, they sell them to third parties. the guy that overseas all that

process is possibly mr. calhoun. how that process is done is reflected in whether fannie and freddie is part of the government or as it used to be, a private company, kind of a weird hybrid government company with shareholders. if mr. calhoun gets in there, i should point out, shares are likely to spike a bit. i'm not saying they should, because if he makes these utilities, you know, that could cram down the existing shareholders and hurt especially the common shareholders but there will be some, probably be some relief rally so this has a lot of moving parts and it's very important to the markets. it's very important to average people, and this guy could be directing it, if he doesn't get blown out from when he was staying at the last minute because of the progressive pushback neil, back to you. neil: got it. you explain that very nicely, you even got through my thick skull, charlie gasparino thank you very very much following those developments here. we have a lot more coming up including how day two went for

the secretary of state on capitol hill. if he thought he was going to get any better treatment talking to senators than he did congressmen yesterday, well, let's just say, he had another thing coming.

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neil: all right it is, indeed, the iphone 13, it's out, its been announced, apple stock comparing earlier losses on the news, a whole slew of new products but this new iphone features sharper displays, double cameras, faster operating systems all the stuff way over my head but supposed to be neat, standing by calling it iphone 13 because they aren't superstitious so there you go. in the meantime, wrapping up his second day of comments and taking sometimes blistering questions, this time from senators, how did the secretary of state survive all of this? more on capitol hill, how did it all go? reporter: well, it just wrapped up, neil, and it was a long three hours for the secretary of state, you know, questions were not just fired off at him but he got a couple of schoolings too from some republican members. let's give you a short taste, couple of highlights from the three hour long testimony.

watch. >> this isn't a failure of intelligence. this isn't a failure of policy and planning. we have the wrong people analyzing this. >> when secretary pompeo came before this committee and blew off questions about what they were doing to pressure the taliban to have women at the negotiating table for that peace treaty, so i think there is a lot of regret and a lot to go around. >> i am responsible for the decisions i make. i'm responsible for the actions of my department. i'm responsible for learning any lessons that flowed from those decisions or those actions, and i'm also responsible to holding myself accountable to you, and through you, to the american people, which is exactly what i'm doing here today. reporter: look, neil, senate republicans came today to interrogate after blinken told house members yesterday, we inherited a deadline, we did not inherit a plan and senate

republicans weren't going to be accepting that argument today so the line of questioning was really around how many current afghan allies, how many green card holders, how many u.s. citizens are still stranded in that country that need to come out. why are planes not taking off, whose actually being evacuated, how are they being vetted and what's the administration's approach to dealing with the taliban and we saw senate democrats much similar to house democrats yesterday try to shift this focus on the past 20 years rather than what happened in august with their line of questioning, kind of giving him a chance to address prior administrations and what landed them in the situation and by the way, just want to mention that this isn't really over yet. chairman menendez, a democrat wants the secretary of defense to also come and testify in person and democrats like senator murphy says he's going to work to make sure he mays

that very clear that the entire committee wants the secretary of defense to come and testify, so we could be seeing that very soon too. neil? neil: yeah, menendez was ticked off about that. i'm just wondering were all the calls largely among republican questioners, both yesterday and today, for blinken to resign. obviously he's not doing that yet, but how did he answer those calls? >> i think he kept reiterating that he was playing his part, playing his role in making sure he was being accountable for his decisions we heard that in the very end of this testimony and you heard that little snip it that we just played for you as well. he did try to take accountability by saying look, i am responsible for my decision-making. i'm responsible for what happens that comes out of my department, and i'm responsible for answering to the american people via you, members of this committee, and so that's how he took his responsibility,

but when it came to people asking him to resign, he simply just stayed quiet. neil: yeah, and apparently. our foxconn greg all correspondent, following all of those developments, it's all wrapped up in two days of hear ing, questioning that was fairly limited now, a fellow had a chance to be part of the process joins us now republican pennsylvania congressman dan user sits on the house foreign affairs committee. congressman rohrabacher you satisfied with what you heard from the secretary of state? >> neil, not at all. disappointed, frustrated. look. he began by do everything possible to minimize it and i saw some of it today, and then congratulating themselves for what a wonderful evacuation it was, a lot of blaming taking place. look, this isn't what we want to see. this isn't going to build back honor, or trust. we need real answers. i mean, at the end, after we go through everything, where people

are 124 house are escaping for their lives, people are falling off planes we last 13 brave men and women, american soldiers. he actually exclaimed at one point that they did the right thing. it was an unmitigated disaster, so that is very very concerning and i said that to the secretary of state. i mean, if they think that's a good job, doing the right thing, god help us what they would do if it was, if they thought it was a bad thing. we need to take this seriously. they want this to go away. that's what they want and yet, we have a terrorist nation on our hands. neil: you know, congressman, he did say it wasn't sort of like the buck stops with me but i'm responsible for this , and i guess by expansion we'll interpret that to mean he advised the president according ly and we know the collapse was an unmitigated disaster we should have seen better but it doesn't look like anyone in the administration,

part of the process, will lose their jobs or be reprimanded in fact far from it and their attitude is this isn't on us. what did you make of that? >> awful. once again, just continuing to blame the trump adminitration and meanwhile, the trump adminitration did not act upon the intelligence because the intelligence did not support us continuing to move. it was condition-based and we've heard this many times, but either two things. one they completely ignored the intel, which there are, there is evidence that they did, or how terrible is our intel? so at least state that we do have some serious problems here, and what we're going to do about it. what are the actions that show that we're taking this serious? they're not displaying that. americans out, messaging to the taliban on we are going to be watching you, alliance with other countries where there will be sanctions for the atrocities that they are known to commit,

closing the southern border, heightening, neil, we have not heightened our terror threat level with all of this going on with 124,000 and not that they're terrorists but within the mix, so they really have to get serious with the situation, accept it, and come up with a plan to mitigate it. neil: i don't know if they have accepted it but certainly come up with a plan to address it but dan meuser, thank you very very much, the hearings are done so jump ball on what happens now, no one seems to know, stay with us.

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♪. neil: apple already announced the price of the baseline iphone 13 model at 799. $600 for the smaller iphone 13 mini. better camera. lots of stuff. apple says you have to buy it. charles payne ordered 1000 of them. charles: my kids have. i'm working with that brick phone in the movie wall street. neil: i hear you. charles: good afternoon, i'm charles payne. this is "making money." breaking right now with key inflation measures on the decline. signs that we could emerge from the clutches of everyday prices. that is one message. another message ominous in the cpi report. maybe it reflects the fact that the virus