as we had planned. if you have one hundred thousand dollars or more of life insurance you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit conventrydirect.com to find out if you policy qualifies. or call the number on your screen. coventry direct, redefining insurance. ♪. neil: all right. lunchtime on wall street. they are feasting on stocks. they're showing really no discretion here. sort of like piling into everything on their plates here. every sector benefiting in this very across the board rally that is going on. welcome, everybody, i'm neil cavuto. let's get to it. dow, s&p, nasdaq all look like they could turn around what was looking like a problematic week

into a winning one, paring overall losses for the month, a point 1/2, 2% down on the month of september. we'll get into that in a little more detail here. another interesting development here what happens in china might just stay in china. what is going on with evergrande even though people like jim chanos and others worry about this spreading and could come to the united states, so far the market is not of that view. a couple things quickly before we get to washington developments they're looking for in evergrande, whether it will pay a u.s. bond payment, really a cash note if you will. whether it guys is going to pay on that interest. if you don't make a payment that could signal a default you heard so much about. that does not seem to be a pressing worry about the markets. much more focused on a very supportive federal reserve. now robust news out of companies

including sales force and darden that dramatically surprised with guidance and numbers. that is washington right now as you're looking at a 10-year note in and out of 1.40%. one of the things we're focusing on is the chaos that still undo all of this in washington because they're trying to move on a variety of fronts here and simultaneously. easier said than done. at issue is the planned vote on monday we were told that would come for that bipartisan infrastructure package but it is not quite that easy and now nancy pelosi and in the last 24 hours seems to have dialed that back view, that this is gimme for next monday. chad pergram following it all very, very closely. chad, where are we on all of this? reporter: good afternoon, neil. let's start on the social spending package. when you look an agreement you give the illusion you have an agreement, that happened today.

house speaker nancy pelosi brought together senate majority leader chuck schumer and the secretary of the treasury janet yellen to say they had a framework to potentially pay for any deal. but if you don't have a deal in politics you execute stage craft suggest you're making progress. pelosi gave herself wiggle room when it comes to a monday deadline for the bipartisan infrastructure bill. >> house framework are you confident you have not support within your own party to move for word with a vote on monday. >> we take it one day at a time. i'm confident we will pass both bills. reporter: president biden meets with democrats at the white house today but success hinges on pelosi. >> she is a master of political philosophy of mick jagger, a political scientist, you can't always get what you want but you get what you need. she has extraordinary capacity figuring out what people need as owe bowed to what they want. reporter: the gop says it won't help with the debt ceiling. they attacked the democratic

left-wing over the spending bill. >> president biden who ran as a unifying moderate is either powerless to stop them or does not wish to. an avalanche, an avalanche of crushing tax hikes that would hurt families and help china. reporter: liberals complain that moderates can't offer a number on the social spend package. they only say they don't want 3.5 trillion. pelosi said today there would not be a government shutdown. neil? neil: chad pergram, thank you for that. following all of these developments. now back to evergrande which was the story that started this week. things have dramatically stabilized since then. the company is is braking investors, local authorities for a what it calls a possible storm. jackie deangelis has more on all of this. reporter: neil, remind you china evergrande is the china's second largest property developer by

revenue. that is why the markets cared so much. it is saddled with debt. the payment is due today. it start as series of bond payments the company wail need to make. this story shook markets on monday as there was some concern about china would handle the situation. the chinese communist party would not bail this company out. "wall street journal" said to ask for chinese businesses to prepare for thedown fall. what that means is not clear, it seems the brace for inevitable default of some of these payments. couple things to consider here. it is not just the debt holders who stand to lose, the job losses, the impact on the housing market, the overall chinese economy, contagion concern here in the united states. the ripple effect in the united states is an issue. some people game to. >> a lot of people made a lot of money investing other people's money in china a lot of people and a lot of companies gaining a small percentage of this very

large market. they want to know how much money they can make for the fund, investors, for their company, the next two or three years, but by the time it crashes or whatever terrible thing happens, they will be long gone. it is not their money they are risking. reporter: having state-owned private property developers takes on some of the projects to mitigate the situation on the ground. there is also some concern of anger, incidents, protests in china that kind of thing overall of this as well. now evergrande last wreak said default was a risk but that it was trying to strengthen itself to ease the liquidity crisis. consider this, neil. in china real estate accounts for 7.3% of national gdp and it is estimated that real estate and its tangential businesses drive 1/3 of chinese economic output so that gives you a sense of the scale of all of this. neil? neil: jackie, thank you very, very much. you might have heard to jackie refer to this 83 million-dollar payment that is due in interest on a u.s. dollar-denominated

bond. it is due thursday. a lot of people are rightly saying china is a good 14 hours ahead of us depending where you are in the country. so if we haven't heard announcement on that have they already passed this deadline? they base this on new york time. they have until the end of today to make that payment new york time. i just want to be clear about that and that's what we're waiting to find out. technically if they don't make a payment like that the company would be in default, the cascading effect, domino effect would be alive and well. there are separate reports we're getting out of chinese state media the government already warned local authorities do what you can but we're essentially leaving it up to you for the time-being but separately there is some drama in the background here because $18 billion has been poured into the banking sector by china's version of their central bank so there is a lot we just don't know and a lot that's a mystery but we'll keep on top of it for you.

meantime are a little clearer when our central bankers meet to spell out what their thinking is right now when it comes not only to raising interest rates which though seemed hint at later next year but starting tapering process, easing up on buying treasury notes and bonds maybe as soon as november. edward lawrence with the latest on that at the white house. hey, edward. reporter: neil, part of the reason that the market is way up today it liked what federal reserve chairman jerome powell had to say and one of the issues you were talking about was laid to rest by powell. u.s. over evergrande issue the market has little exposure to possible evergrande default in china is what his words were. he made it clear the fed is not concerned about all the corporate debt the u.s. companies have massed over this cheap money era. listen. >> we were very concerned there would be a wave of defaults. didn't happen potentially to a significant extent because of

the cares act and response we undertook and all of that. it was much stronger response than we have ever had. the evergrande situation seems very particular to china which has very high debt for an emerging market economy, really the highest debt any emerging market economy has had. reporter: he said it's a china issue and they're working on it. he went on to say tapering of 80 billion a month and 40 million in mortgage back securities could start the november meeting. he wants it to end mid-summer. he said inflation is more elevated than it thought but would calm down next year. the spending by congress on the economy. senator john barrasso is worried about that. >> what about massive government spending they're proposing with massive inflation as a result of that undercutting and eating

into peoples paychex? reporter: the federal reserve in the dot plot is indicating there could be a rate height next year especially if that inflation doesn't settle down. one more point the projections they put out in the federal reserve the end of this year, the gdp will be at 5.9%, under 6%. that is a downgrade of their projections as fed chairman says the second half of the year is slower growth than the first half of the year. back to you. neil: edward, thank you very much for that. edward lawrence. you head edward refer to the dot-plot that tends to be thinking of 18 voting members of the federal open committee and when they see rates rising and a majority see the rate hike coming next year. depends on timing of the year, that something built up over the last few weeks. it picked up steam. get the read on all of this from the trust chief economist, author of freedom or equality? daniel, very good to have you.

first off on evergrande if you don't mind, the chinese are more or less hinting there will not be some big ol' bail out here warning local authorities of an imminent storm but aren't you know providing upwards 17, $18 billion, u.s. equivalent to shore up the banking system so we're getting mixed signals from the china government. what does that tell you? >> hi, neil. thanks for having me. completely i think that it is a very complicated situation for the chinese government. evergrande is news headline, it is the second largest real estate developer in china, however, it is not the most indebted. you would have to look at the top 20 of the most -- [inaudible]. in china to find the level of --

that would [inaudible] for the subprime crisis for example. just evergrande. the assets are falling into possible default. it is more than the entire subprime crisis assets of 2008. so it is a very complicated situation because if the chinese government decides to bail them out, it creates an incentive for other companies to follow this running to stand still strategy of getting into more debt with assets of very little or no value and and it also is very difficult because it needs to shore up liquidity for the banking system because it is not just a problem of evergrande. it's a problem of numerous companies, number of defaults in china have risen significantly this year and, therefore, containing the problem is very

challenging situation for the government certainly. neil: all right. daniel, we're having some audio problems with you. maybe we can fix them. i would like to get back to you later in the show but we are having some difficulty. i heard you enough to understand there are a lot of things at play here. we'll keep a close eye on that. we'll take a quick break here. just to bring you up on the latest developments there are a number of things evergrande can do in the meantime. it too is trying to make this bond payment we told you later today but there are signs here right now that it is selling other non-real estate assets. for example, it own as series of internet companies as well, electrical vehicle battery maker and it is essentially thrown all of that out there selling all of that when it can to raise some money, presumably to start avoiding immediate bankruptcy or default issues. in other words, just what you would do if you were

hard-pressed up against the wall, you would start looking around, what can i sell here? should i try to sell my house? what am i going to do. that is the situation ever grand is involved in, jim chanos, hedge fund titan says this is much bigger than evergrande. it is the company maybe the largest in the real estate business there but the fact of the matter is he says there are lots of evergrandes out there. quote, all the chinese developers look like this. the entire chinese profit market in his words is on stilts. his view. more of a this. ♪

that's a nice truck. yeah, it's the chevy silverado. check out this multi-flex tailgate. multi-flex, huh? wow. it becomes a step. mom, dad's flexing again. that's not all. you can extend the bed for longer stuff. is he still... still flexing. that's right! and, it becomes a workspace... you can put your laptop here. i'm sending an imaginay email. hey dad, dinner! hey! look who stopped by daddy's office. wait, you work here? the chevy silverado with the available multi-flex tailgate. find new flexibility. find new roads. chevrolet. it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. get ready for it all with an advanced network

and managed services from comcast business. and get cybersecurity solutions that let you see everything on your network. plus an expert team looking ahead 24/7 to help prevent threats. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. 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. oh, yeah. that's the spot. only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ before discovering nexium 24hr to treat her frequent heartburn... claire could only imagine enjoying chocolate cake. now, she can have her cake and eat it too. nexium 24hr stops acid before it starts for all-day,

all-night protection. can you imagine 24 hours without heartburn? 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. and there you have it— -woah. wireless on the most reliable network nationwide. wow! -big deal! ...we get unlimited for just $30 bucks. sweet, but mine has 5g included. relax people, my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one upping itself. switch to xfinity mobile and save hundreds on your wireless bill. plus, save up to $400 when you purchase a new samsung phone or upgrade your existing phone.

learn more at your local xfinity store today. ♪. neil: all right. we are in and out of session highs for the dow, the only dow component not advancing in this across the board rally walmart for the time-being but do not cry for walmart shareholders because that has been a juggernaut of an investment retail domino in its on right,

challenging amazon and online orders in this country. putting that in perspective this is the strongest we've seen the dow today, more than wiping out the 600 point loss we had on monday. another point reassessing what the federal reserve had to say. one of the arguments that carried traction, despite concerns that the fed eventually looks to raise interest rates next year, maybe ending tapering as soon as november. this from jerome powell. the u.s. is strong enough to stand on its own two feet. most concur with that, reality when they take the training wheels away, some of the benefits today they're saying we're not quite strong enough yet that is sitting with them nicely. we got good news with darden,

telegraphing not only better than expected numbers but they will continue throughout this year, maybe even next in the case of darden. let's get to other developments we're following right now, i were concluding the push over vaccines exemptions for vaccines, masks, all of that, has united airlines employees filing legal paperwork. lydia hu in atlanta, what is going on here? reporter: yeah, neil, this lawsuit is filed by six of the company's employees against united airlines, two pilots, flight attendant, aircraft technician, customer service representative and a stations operations manager. they say that united airlines has not made reasonable accomodations for those with religious and medical exemptions. they allege it is discrimination. back in august said they would require all of u.s. employees to be vaccinated against covid or face termination.

it was the first major airline to issue such a mandate. now i contacted united airlines and the company says more than 97% of the u.s. employees are vaccinated and the company added, quote, the most effective thing we can do as an airline to protect the health and safety of all of our employees is to require the vaccine. we're reviewing this complaint in greater detail but at this point we think it is without merit. united's policy goes into effect monday. workers who are granted exemptions will be placed on unpaid leave while the airline brings them back to work with enhanced testing and policy. uniteed airlines employees said they are making them choose between. this is different from president biden's recent mandate, applicable to companies with 100

employees that permits weekly testing due to vaccination. a florida judge dismiss ad lawsuit by 1united airlines pilots. the judge in that case dismissed it, they said it was errors how it was filed. not the substance. this could be the opportunity to see litigation move forward on the substance, not and merits of the mandate. neil: sorry i said you were in atlanta. you're obviously in new york. where is this all going? guy louis, former u.s. attorney. as lydia was finishing up that report. we're looking at accepting international travelers but they have to be vaccinated, show the proof, so the airline is requiring the same of its employees, what's the big deal? >> that's a great point, neil and you better believe that american, delta, the other big

airlines are watching this very, very closely. as as lydia indicated there has been a avalanche of litigation in state and federal court over vaccination mandates, cards to get into restaurants, all kind of things as you can imagine. most of it, for the most part, neil, it is losing, the challenges are losing on sort of procedural grounds as lydia seemed to hint. in other words, in this case for example, the one filed out in dallas, you have got six people that are claiming either religious or medical discrimination based on the 64 civil rights act. they're trying to get a class certified, a class of 2,000 of the employees that have not been vaccinated yet. so they have still got some work to do to prove it. for example, one of the plaintiffs, potential plaintiffs is claiming that they are

allergic to eggs and as a result they don't want to get vaccination. a couple of the others are, in my view more serious but look, if the airline is, if they are reasonably trying to accommodate the employee, in other words, move them into someplace where they're not having direct contact with passengers, i think the judges on balance are going to weigh in favor of the airline. neil: just wonder when it comes to this sort of stuff, companies mandating everything from masks to vaccines they can do that, right? it is one thing for you know a president of the united states to push this on government workers who have to comply or government contractors who have to comply but companies by and large can set their own policies or can they?

>> neil, that generally correct and if we take, so you are, you are correct for the most part. really the only thing, the reason why there is this back and forth and all of these sort of different filings all over the united states is really only been addressed, mandates, vaccination mandates, have only been addressed one by the supreme court back in 1905 and when it was a minister up in massachusetts had sued saying that the state on smallpox, very lethal, very dangerous and the minister was suing saying look, the state can't tell me that i have to get vaccinated. it violates my religious beliefs and in that case it went up to the supreme court and the supreme court said no, no, i'm sorry reverend, the state can.

now let me look on the other hand, put on my plaintiffs hat. that is a really different case. if they can show legitimate, sincerely held religious beliefs, and if, if, united rather than trying to accommodate them in some other position, saying hey, you're terminated or put off without pay i don't know if that is being if that is being accommodating and that's reasonable t will need to play out a little more, neil, before we make final judgments i think. neil: or reassign them, but again, easier said than done. guy, thank you very much. i always learn something from you. i always feel like a lawyer when we talk but i'm not. i feel like i'm an expert because i watch so many law shows. that apparently does not count. the dow indeed up 538 points. it is really digesting a combination of things, the fact

that evergrande right now they're prepared for the worst. they're getting hints that china will do something. it already flooded the banking system with the equivalent of 17 billion u.s. dollars. we don't know exactly where that dough went. this is the first clear sign china wants to do something not outright bailout. there are concerns they warned in china for a storm ahead and should be prepared for it, and help and adjust those who own apartments that are bought worth a fraction of what they were when they bought them. that of course sounds like the real estate crisis we had in this country over a decade ago. we got out of that one. but of course it took a ton of government help and bailouts, didn't it? so far they are not saying that will happen there. we shall see. more after this. ♪.

(vo) while you may not be running an architectural firm, tending hives of honeybees, and mentoring a teenager — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you help others. so you can live your life. that's life well planned. it's a wishlist on wheels.

a choice that requires no explanation. it's where safe and daring seamlessly intersect. it's understated, yet over-delivers. it is truly the mercedes-benz of sports sedans. lease the 2021 c 300 sedan for just $449 a month at your local mercedes-benz dealer. [slow electronic notes fade in] [fast upbeat music begins] [music stops] and release. [deep exhale] [fast upbeat music resumes] [music stops] welcome to allstate. ( phone notification )

where you can pay a little less and enjoy the ride a little more. now, get new lower auto rates. you're in good hands with allstate. click or call for a lower rate today. (vo) at t-mobile for business, unconventional thinking means we see d hands things differently, so you can focus on what matters most. whether it's ensuring food arrives as fresh as when it departs. being first on the scene, when every second counts. or teaching biology without a lab. we are the leader in 5g. #1 in customer satisfaction. and a partner who includes 5g in every plan, so you get it all. without trade-offs. unconventional thinking. it's better for business. nicorette knows, quitting smoking is freaking hard. you get advice like: try hypnosis... or... quit cold turkey. kidding me?! instead, start small. with nicorette. which can lead to something big. start stopping with nicorette in 2016, i was working at the amazon warehouse

when my brother passed away. and a couple of years later, my mother passed away. after taking care of them, i knew that i really wanted to become a nurse. amazon helped me with training and tuition. today, i'm a medical assistant and i'm studying to become a registered nurse. in filipino: you'll always be in my heart.

neil: we've been monitoring this white house briefing that's going on right now regarding developments on capitol hill whether they can get the 3 1/2 trillion dollar human infrastructure bill through. there are a menu of options to generate revenue for the spending bill. i don't think anyone is doubting the fact they can come up with lots of ways to find revenue, raise taxes, that puts to bed that particular issue, it is an issue coming up with the revenue. they have it, will have more options going forward, but again all of this depends on all democrats going along. there is very little wiggle room. you can't afford to lose 3 in

the house and anyone in the united states senate. so does the chamber of commerce knows it. it is dead-set against tax increases. it started ad campaign in key stricts iowa, minnesota, california, new york, virginia, all aimed at democrats, certainly not by coincidence who are weighing this measure as we speak neil bradley the executive vice president of the chamber of commerce kind enough to join us now. neil, why were these districts targeted? >> neil, these are five members of congress, members who based on their votes in the past have earned the support of the u.s. chamber of commerce and we have this bill that is an existential threat to the free enterprise system, to grow in our economy and they haven't made clear where their position is on it. we're hoping these members stick

with supporting businesses in their district and that there are a no on this 3 1/2 trillion dollar plus tax-and-spending bill. there is no excuse for anyone who believes in the free enterprise system to be a yes vote on this bill. neil: the letter your organization sent out to your president said no member of congress can achieve the support of the business community if they vote to pass this bill as currently constructed. since all the five democrats you mentioned did have the support of the chamber in the past, they would lose that support if they voted for this, right? >> yes they did. they did have it in the past and they would lose it going forward. this isn't just one bill. it's a collection of tons and tons of bills the majority hasn't been able to pass in the past because they don't have the support because they're bad policy. what they try to do roll all the bills together to do it in one vote. whether you're talking about international tax competitive

ness, small businesses, labor policy, this bill is literally everything but the kitchen sink rolled into one. common theme amongst all of it, it will stall our economic recovery in its tracks. neil: because i was wondering we were sewing 23 democrats the chamber supporting. this is five you're targeting right now. would you go beyond that? >> we will consider that. you know some of the members we supported in the past voted no when these provisions were considered in the committees they sat on. we applaud those members. that was the right vote against these tax increases, against these government price control systems. so we hope that the rest of their colleagues will join them in rejecting this proposal. just to put this in context, by the way, neil, the tax increase imposed on employers under this bill, is a 25% increase relative to what businesses, what

employers will pay under current law over the next decade. a 25% increase will shutter lots of businesses on main street and a cross this country and likely to send our economy straight into a recession. neil: have you heard from any of these congressman and women that, you know, that are the target of this first wave of ads? >> we have. they're privately beginning to express concerns about the bill. that's good but we need to hear public expression of this concern. speaker pelosi, leader schumer, they're putting the full-court press on these members. progressive left, they're protesting outside of members of congress' office demanding that they set their concerns aside to pass this bill. we can't allow that to happen. there is too much at stake here. we need to turn these private expressions of concern into a public push to do exactly what

senator manchin said, hit the pause button, hit the reset button on this bill. neil: all right. we'll watch this closely, neil. all you have to do is flip three, you have got your victory there. we'll watch it closely, referring in the house what is going on. neil bradley, executive vice president of the u.s. chamber of commerce. onto some economic issues now as dow at session highs, wiping out losses earlier in the week still with one day to go. we could have a positive week which has been a rarity of late, last couple three weeks. keeping an eye on that. keeping an eye on auto industry if not for a chip shortage would be selling cars like hotcakes. that is the problem getting over that, the delay, you know the industry puts on the big shows, touting latest technologies, electric is a very big theme this year. jeff flock in pontiac, michigan on how big after theme it is. hey, jeff. reporter: neil, something called the build wild experience, something called motorbella

which is the future they say of the auto show. we'll talk about the future of the auto industry if i survive the wild experience when we come back. stand by. ♪.

everyone remembers the moment they heard, “you have cancer.” how their world stopped... and when they found a way to face it. for some, this is where their keytruda story begins. keytruda — a breakthrough immunotherapy that may treat certain cancers. one of those cancers is advanced melanoma, which is a kind of skin cancer where keytruda may be used when your melanoma has spread or cannot be removed by surgery. keytruda helps your immune system fight cancer but can also cause your immune system to attack healthy parts of your body. this can happen during or after treatment and may be severe and lead to death. see your doctor right away if you have cough, shortness of breath, chest pain, diarrhea, severe stomach pain or tenderness, severe nausea or vomiting, headache, light sensitivity, eye problems, irregular heartbeat, extreme tiredness, constipation, dizziness or fainting, changes in appetite, thirst, or urine, confusion or memory problems, muscle pain or weakness, fever, rash, itching, or flushing. these are not all the possible side effects.

tell your doctor about all your medical conditions, including immune system problems, or if you've had an organ transplant, had or plan to have a stem cell transplant, or have had radiation to your chest area or a nervous system condition. today, keytruda is fda-approved to treat 16 types of advanced cancer, and is being studied in hundreds of clinical trials exploring ways to treat even more types of cancer. it's tru. keytruda from merck. see the different types of cancer keytruda is approved to treat at keytruda.com, and ask your doctor if keytruda can be part of your story.

seeing blood when you brush or floss can be a sign of early gum damage. doctor if new parodontax active gum repair kills plaque bacteria at the gum line to help keep the gum seal tight. new parodontax active gum repair toothpaste. it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. get ready for it all with an advanced network and managed services from comcast business.

and get cybersecurity solutions that let you see everything on your network. plus an expert team looking ahead 24/7 to help prevent threats. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. as i observe investors balance risk and reward, i see one element securing portfolios, time after time. gold. your strategic advantage. ♪. neil: all right. i'm hoping my buddy jeff flock survived that quick little drive in the commercial vehicle. looks like he did. he is joining us again at pontiac, michigan, the whole industry putting on a big car show, showing off electric and other fancy vehicles. what are you seeing out there, jeff? reporter: we're going up the

bronco mountain, by the way. this is the torture track for broncos. this is a gas-powered vehicle, but most of the vehicles on display here have been electrics. you know, they still are something that has been slow to develop but we talked to the head of the battery electric vehicle program at ford who says the incentives that the democrats are putting forward in their infrastructure bill would still be tremendously helpful. incentives about $12,500 if you buy an electric car. listen. >> we're about 2% penetration at the moment. that is really early adopters. we're about to move into the area where these vehicles are very viable for a lot of families but they need a little bit of support there, because they're more expensive at the moment. as you come up the adoption curve, it does need that support. reporter: the other concern about electric vehicles, is whether they are going to be manufactured with batteries in the u.s.? you take a look where lithium comes from, you know,

lithium-ion batteries, most of it comes from places other than the u.s., australia, chile, china. so concerns about that as well but electrics are coming, neil, whether we like it or not. this bronco, spanking brand new bronco, in water, if it was electric we would worry about that, i think you can drive electric cars in water. i don't think it's a major problem. we'll find out for you. neil: i'm getting dizzy just following you. god bless you, jeff. you're a trooper. jeff flock. reporter: why i get the big bucks. neil: there we could, there we go. you're in the back seat, aren't you? that is kind of cool. jeff flock following that and the industry. like lloyd investment partners chief strategist. the we would be selling a lot more electric vehicles if it were not for the chip shortage.

it will cost all the auto guys 210 billion loss as a result. maybe they make up for that, maybe they don't. what do you think? >> when i travel i see all kinds of cars on the side of the road. month 1/2 ago i drove down to kentucky, i saw tons of trucks sitting there, hundreds of thousands of trucks because they didn't have semiconductor chips. there is big repercussion for this. the companies can't make much money because they can't sell vehicles. they already manufactured the vehicles because they have a ton of overhead. that will hurt the profit margins. the other side of thing people will still lose their jobs. they have to be retrained in a new skill because they're not making profits, so the companies can't hire as many people. there are a lot of repercussions for this. it is not good. the federal government as welcoming out trying to ban the sales of gas vehicles and mandate everything going electric. you have all of that going for us. it is not good thing for auto manufacturers in the future, we need to fix the issues currently

happening to get everything correctly to where it needs to be before we even start thinking about the future 10 years from now. neil: yeah, you think about it, all the chip shortages affects autos but electric vehicles disproportionately. it would be good idea for the auto industry to have a back up plan. everyone is push being themselves. the goal out of the biden white house, couple years, 40 plus percent of all sales, down under 4% right now, seems a little, you know, over the top kind of a goal here? >> i think the government is playing it wrong, neil. if i'm brutally honest. instead of mandating auto manufacturers to go go electric, they should focus on the infrastructure buildout of electric vehicles in the first place. right now, you know, these electric cars, they can only go 300 miles before they need a chargeup. there is no electric vehicle gas stations out there to recharge the vehicles, that is a huge issue.

i actually know somebody that drove 30 minutes out of their way every single day coming into work just to charge up his vehicle. so i mean that is a huge headwind for people that have electric vehicles. do you know how long electric vehicles to take to charge, neil? they take one hour to charge. we live in a world of efficiency and instant gratification the technology isn't there yet, neil. when the government is mandating these things that turning electric by 2030. mandating every car sold that is electric that is not good if the technology is not there yet. neil: it's a very good point. i love the way the auto industry, ev industry have the big ol' screens so you can watch videos or play games while filling up your tank or recharging. >> trying to keep you entertained a little bit. but still an hour. neil: i hear you. what do you make of the market today? it kind of dismissing these concerns in china, are you? >> yeah, so, overall i think

every opportunity right now in general is dip buying opportunity. every time you see the market correct, 3, 4, 5%. the thing is neil, 40% of the money supply printed the past year-and-a-half. everyone is looking to buy the dip. when everyone is looking to buy the dip it, doesn't last very long, right? you have accommodative federal reserve, accommodative federal government. we're seeing issues in the economy. small businesses can't hire workers. we're seeing other issues as well. a big disconnect between the economy and stock market that can last a very long time. i think the stock market continues higher even if we see issues in the economy. neil: we'll watch it closely. luke, good catching up with you. luke lloyd following all of that. updates on the white house on the haitian refugees, how many are there, what is going on, with getting them out of there. we got confirmation today, that better than 1400 haitian nationals have been returned to

haiti as this repatriation continues. separately they're saying fewer than 5,000 migrants remain in the del rio sector but we heard earlier on this network from bill melugin, 5000 seemed fair to him. the special envoy we have to haiti, resigning because of treatment to the refugees, according to the white house he never raised these concerns before. finally, on the latest controversy about those at the border using horses to round up illegals, that the white house is saying that that will no longer be the case. that they can no longer use horses in the del rio border area, even though a number of top experts told me they use the horses in the area, even four-wheel drive vehicles can't make it in the mud and slop out there. but that will just continue. we'll have more after this.

♪. that spin class was brutal. well, you can try using the buick's massaging seat. oh. yeah, that's nice. can i use apple carplay to put some music on? sure, it's wireless. what's your buick's wi-fi password? it's buick envision. that's a really tight spot. i used to hate parallel parking. ( all together ) me too! the all-new buick envision. built around you. all of you. pay no interest for 72 months plus current eligible buick owners get 5 hundred purchase allowance on 20-21 buick suv models. get 5 hundred purchase allowance we did it again. verizon has been named america's most reliable network by rootmetrics. and our customers rated us #1 for network quality in america according to j.d. power. number one in reliability, 16 times in a row.

most awarded for network quality, 27 times in a row. proving once again that nobody builds networks like verizon. that's why we're building 5g right, that's why there's only one best network. 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. 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. 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. [ ferry horn honks ] i mean just cause you look like someone else doesn't mean you eat off the floor, [ chuckles ] or yell at the vacuum, or need flea medication. oh, yeah. that's the spot. only pay for what you need. ♪ liberty, liberty, liberty, liberty. ♪

♪. neil: all right, border patrol on horseback, iconic images that rile ad lot of folks thinking they were using horse reins as whips, they weren't. only way they can do things in

that neck of the woods. the word from the administration, horses will no longer be used in the del rio, texas, area. word from daniel garza, what do you think? >> optics were bad, neil. they were using horse reins, whipping them around trying to control the traffic coming in. i can see where the optics are bad. this is another example taking away resources from the border patrol units that need our help. there was a report as far as back as june the border patrol agents were asking for additional resources in del rio and it fell on deaf ears with this administration. they're not giving them resources they need. the situation is worsening because they're unable to deal with the problem. neil: not surprisingly, they're coming back a lot of these guys and their representatives there is no whipping going on here. it is what it is. it stops right now, but it struck me as interesting, they're. lauren: muching investigations

into this and no investigation into the bigger border crisis you outlined for us over many, many months. no investigation. in fact no solution? >> well here is the thing, there are right now bipartisan, legislative solutions that have been proposed both by democrats and republicans. the border solutions act would actually increase the number of courts and facilities, judges, lawyers, border patrol agents and caseworkers to help us adjudicate these cases quicker so that we know if someone qualifies for asylum or not. we can mitigate the situation. the farm worker legislation bill would bring in folks so we can meet labor demand in farm, nonfarm labor. neil, we talk about haitians here, not too long ago the biden administration approved thousands of hb -1 and hb -2 visas for workers that were in the farm and non-farm visa

programs, haitians excluded. we're not getting to the solutions that were promised especially during the campaign season when biden said he would work to unify both sides and try to reconcile this issue. can you fulfill the promise, mr. president? neil: yeah. we're not at that point are we, daniel. thank you very much. daniel garza libre initiative speaking on this. the white house is saying the administration will not consider sending migrants at the border to guantanamo. i never knew that is one of the possibilities they were talking about. i guess they removed any debate on that. they're not going to guantanamo. where they are going, how many are staying in this country, no numbers yet after this. ♪

that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty.

and twice as fast. if i could, i'd ten-x everything. like a coffee run... or fedora shopping. talk to your broker. ten-x does the same thing, - but with buildings. - so no more waiting. sfx: ding! see how easy...? don't just sell it. ten-x it. liberty mutual customizes car insurance so you only pay for what you need. how much money can liberty mutual save you? one! two! three! four! five! 72,807! 72,808... dollars. yep... everything hurts. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

with got a significant rally right now, highs of the day about a, 544 of right now so one of the how% gain considering we've essentially had losses on the month, certainly looking at a positive week here and chip away at the big drop in

september historically, the worst month, october with a big loss but september is usually problematic one. i want to take a peek at the treasury tenure note right now, it's up a little but and growing talk the federal reserve has found the sweet spot those worried about the economy stimulus right now at 1.401%. we've got lauren here to spell out everything because in the backdrop we've got office. >> exactly but investors are ignoring office. imagine yelled, tapping the financial sector but every sector is hired today except for real estate. look at the major averages, the dow and s&p are positive for the week and nasdaq is higher for

the third day. it seems our way at this time. investors were soothed yesterday, the fact that stimulus stayed in place a little longer and this kumbaya moment among democrats, the house and senate and the white house say they reached a framework for their social spending agenda, no details or price tag but it's a moment of agreement among moderate and progressive. it's become a political for all among all this insight, the has expected to vote monday for that. caterpillar, one of the top performances down so they lifted their forecast. businesses continue to spend money, stocks up 7%. i want to talk about three other individual stocks pointing to broader trends. shares are at a new high with

restaurants, staffing issues are a problem. it's keeping portions of olive garden restaurants closed and there worried about raising menu prices to counter higher inputs if you raise the menu prices too much, you turn customers away. a lot of customers are feeling that. mikey, about half of their speakers come from vietnam. those factories are closed. will we see a crunch christmas? carnival, they're going to return over half of their total capacity seven themes either delta variant of covid seems to be easing but ramifications, namely supply chain pressures are not using not anytime soon. neil: all right, appreciate that. i particularly structured agreement on a structure is a three and a half trillion dollar human infrastructure package, i find it interesting if the wording was exactly that from a

three and a half drilling because there are a lot of moderate particularly in the senate, joe manchin and kyrsten sinema who want the price tag a lot less so when i hear chuck schumer say agreement about three and a half trillion dollar deal, he say that deal, what you make of that? >> my understanding is they didn't produce a topline spending number or revenue number, they are saying we have an agreement on what kinds are going to go up but they were not specific how much revenue they expect to glean from the tax hikes nor were they specific to broadbrush addressing the reconciliation bill, i don't think that was intended to say that is the number. the good news investors is that they did not include stepped-up

basis for capitol gain taxes which i think would have been a damaging thing but other than that we don't know specifics but we still don't know about the bill. neil: no, we don't. we do know and when they were talking about other ideas and revenues, i was think creative ideas on spending. that aside, we do know tax hikes are in their which would be historic, don't pay for all of this so they are looking at more revenues but not cutting sizes we don't know what's going on behind closed doors, we do know it's a pelosi wants to make sure this is decided in the senate before she takes up the infrastructure only measure monday in the house. what you make of all this? >> i think she put herself in an awkward position.

moderates in the house demanded she bring the infrastructure built of them, 1 trillion-dollar infrastructure bill that not making it hostage to the bigger bill which will be passed with democrats only vote because they know it's controversial as inflation continues to move higher which was the message i took from jay powell's commentary yesterday. inflation is here, it's not going anywhere and i think it's going to be a problem for democrats mixture so would everyone like to pass bipartisan infrastructure bill that does something in the way of roads and bridges? yes, i think they would like that and i think it's extremely difficult for democrats to do that and leave the other bill behind so i still think it's a mess. she wants senate to take responsibility for this.

neil: i like the economic term. next, thank you very much. earlier on i had the top representative of the chamber of commerce, the group that represents the business interest targeting six congressional or democrats are going on whether this is the way to go not-so-subtle pressure on them, this is from the executive vice president in the last hour. >> why would these districts target? >> these are five members of congress, based on their votes in the past and earned the support of the u.s. chamber of commerce and we have this bill that's an existential threat to the free enterprise systems to growth and our economy and they

haven't make clear where their position is on it. neil: support, 24th democrats targeting minnesota and iowa and elsewhere but it could spread beyond that and these are what they call vulnerable. let's get the reit from hillary who spent following this on capitol hill. you boys reminded me in the house you can only afford to lose three votes assuming every republican vote is against us. that would be tough to keep everybody in line. >> it will be tough but at least the message from top democrats in the house and senate leader chuck schumer and nancy pelosi apparently have a deal today how to pay for whatever the ultimate price tag ends up being but a framework of an agreement is still new to top progressives like senator bernie sanders who

told reporters this afternoon there's a deal on a framework. he's hoping to find out what is but whether there is a deal or not, janet yellen made an appearance surprisingly at speaker pelosi's press conference where the deal was announced but she was only there for a follow-up did not think publishers only there for the first few seconds of the oppressor and then left after senator schumer said this -- >> the white house, the house and the senate reached an agreement on a framework that will pay for any final negotiated agreement so the revenue side we have an agreement on. thank you. an agreement of a framework. >> the show of unity didn't do much to provide clarity on what the deal actually is. still no agreement on the price

taken speaker pelosi thing it's not about dollars, it's about value but there's still a question unanswered which is, which bill is getting past first? 3.5 trillion or bipartisan hard infrastructure deal? this was treated today, we've been very clear we are ready, willing and able to vote for both bills but we need to pass the popular build back better bill first and then we will vote for the infrastructure deal bill. we made a deal and we are sticking to it. pelosi did not seem positive today that she's sticking to her delta but the infra structure package up for a vote monday like she promised. >> are you have confidence that you can move forward with it on monday? remark we take it one day at a time. reporter: pelosi said today is calm, her caucus is calm and i was on camera. off-camera she got a little snippy with reporters who told her they don't understand what

the framework of a deal is and she told them that your problem, not mine. neil: it's everybody's money and we are all paying for it so -- thank you very, very much. imagine if i sent that to my boss, it's your problem. former congressional budget office director, doug, what's interesting here when we heard that clip from chuck schumer is they agreed on a framework or revenue but he did not quote three to have chilling dollar figure, a framework has been a smaller figure. >> i was the first i've heard of it and i have been wondering how to get to the finish line on both feet infrastructure and reconciliation bill and the for

something smaller than three and a half chilling dollar price tag and they now have an agreement have to find something of unknown size. that's progress but not the finish line. neil: this whole issue, we are bumping up against this, technically we did so in july, treasury secretary says as of now if we don't act on it, without problems. what happens when that's going on? you been through a few of these, i know it's happened 78 times in our country's history but the last few years close to two dozen times so what happens here? >> this is pretty typical, we have a game of chicken, replicants think they will not vote to raise it were suspended democrats think they won't use reconciliation which requires them to specify a number for debt limits. they will think it's politically attractive so there is a standoff at the moment. we were getting by design, nancy

pelosi attached the suspension to a funding bill for the government, no one wants to shut the government but republicans will vote that down and that will fail in the senate and finger-pointing will begin and there will be warnings from wall street about the danger of this and between now and september i expect them to separate the issues and from the government and then turn to the debt limit members will start going home hearing their constituents say what's going on? do we have to do this? 's etiquette real and when the pressure . neil: what are they doing in the meantime? 's in general, they are up against the wall and pay the mortgage first, right first and let credit card bills slide, or does the government do? or priorities that have to be paid first and focus on first?

>> what they are doing is effectively raiding government employees pension funds and their stocked with treasury securities and since there's a limit on how many you can have, they take them out and promised them they will put them back, there is an iou and they use them to borrow from the public and they've been doing that since july 1, so-called excretory measures have limit, only somebody treasuries parked on the government they can get so they are running out of that space, no question about it. we'll see secretary yelling repeatedly and arms urgency about the consequences of failing to meet it and managing finances of the united states and it's all part of the pressure that has to get them to somehow stop playing chicken and get it done. neil: you are in technical default if you don't make good

on the payment, does it extend to social security check payment or payment to a soldier? >> no, the supreme court ruled social security payment is not a legal obligation, it's a promise in the policy but they can change that at any time change the pay of retirement soldiers at any time and treasure security out there in the market has to be honored, they will be honored first and foremost. >> the 2011 incident were s&p downgraded from aaa, the first time that's happened. it was not because we were at fault but because of the craziness back and forth. if that were to happen around even if we avoid a default, then all bets are off, right?

>> the u.s. is already on a negative, aaa guess but we have our eye on you and what they are looking for is evidence the government is not strong treasurer of the u.s. can manage the finances to this kind of craziness, business as usual politics of playing chicken with the debt limit is negative in the view of anyone looking from the outside and maybe may decide they need to warn investors the u.s. is not effectively governing its finances and we should be downgraded. of course that brings in higher borrowing cost and with as much debt as we have, the u.s. budget is sensitive. you raise interest rates by one, you're looking at an extra trillion dollars in spending over ten years. it's not a place anyone should look to go.

neil: absolutely. thank you for explaining that. from congressional budget office director's even when numbers don't add up as is the case right now, if it's a worry for the market right now with 30 components of, many times, and i mentioned the experience where we are at the brink and raised the debt ceiling, we've never failed and always found a way to get it done either to push her back or raise the ceiling outright but it's not going to be so easy. the market has done it before, will do it again. ♪♪

's

's

liberty mutual customizes car insurance so you only pay for what you need. how much money can liberty mutual save you? one! two! three! four! five! 72,807! 72,808... dollars. yep... everything hurts. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ pfizer booster shot for those only these two categories, high-risk, compromised immune,

65 and older. still waiting to hear from the cdc by let's go to steve and atlanta with more than whether booster shot stand right now. reporter: one step forward so far for booster shots before deciding wednesday night they give approval to booster shots the pfizer vaccine for the third shot of pfizer. for anyone 65 and older, those immunocompromised and in some challenging professions as well. right now is just pfizer but we expect fda approval for booster shots from the other vaccines as well. >> u.s. regulators want to make the boosters initially available for the population who could probably derive more benefit from the shop because they are at higher risk of covid. reporter: the decision comes after a vigorous debate about booster shots whether they are really needed at this moment. new england journal of medicine

publishing a regular vaccine, still 80% effectiveness warding off serious disease after seven months and the cdc is in debate today over the booster shot. there advisory committee is debating exactly who should get the booster shop and when. their decision will be a recommendation. neil: got it, thank you. in this case, you will probably ask your doctor, do i need this? we have a doctor with us here, doctor, what you think? >> quick morning. this is interesting because a lot of folks are looking forward to getting a booster shot if there's any inclination of any change, people are lined up, there are about 2 million people who have actually gotten the booster shot not even with the approval. there are many who are not happy

with this and are concerned about another round, vaccine exposure and the fda looks at this, the proposal was for the entire population, a consideration, and administrative vote last friday and they came to a moderate approach which was about the vulnerable. i 65 and older crowd, those who have conditions or environments or occupational hazards such as healthcare workers and emergency first responders who should be in the first group to get the boosters so that is out there. the cdc hopefully will be more specific about who in the comorbid medical condition should get it because right now that's confusing and almost anybody could really justify that so if the waning immunity of the vaccines we've all had in

the last year is of significance, it will be those more at risk of bad outcomes in the other people who should get it. i think when people feel that more targeted and use the resources for wisely i think it will give more confidence to the overall axing mandates not going forth and adding more doses to confront population and it's quite debate hearing about different companies and employees, united airlines announced they are taking their mandates and so on and so forth so we will see how it plays out. neil: are you for as many americans getting vaccinated as possible with a strong persuasion or a mandate? >> i have not been in favor of mandates because i think it

backfires which is what we are seeing. i do believe there are significant numbers of people who have questions and concerns which is on our public health agencies and state and local officials and doctors, nurses and friends and families who can answer the questions. we should have a much more robust campaign. i know cdc and others have commercials out there but we should make it so it's non- stigmatizing questions to ask, that we have an ability to share information, perhaps put common questions out there with common answers. there low hanging fruit there without having to bring them in it brings people to put their bad behavior on display and that

doesn't no one any good and makes some people who were on the edge make it clear that now they are definitely not going to get the vaccine and i've seen people move backwards on the. neil: so it freaks them out even more, thank you very much and will watch this, we are waiting to hear from the cdc on this but it seems to be for those with the circumstances of questionable immune systems or the elderly, it might be a good idea but not for everybody else so far. two back to back updates of the doubt is so unusual, we haven't seen it. we are seeing so far today, no worries for the markets or the possibility of a government shutdown. we hear the white house is preparing for a possible shutdown. the treasury working on that to

prioritize ♪♪

's ds ♪ breeze drifting on by you know how i feel. ♪ ♪ it's a new dawn... ♪ if you've been taking copd sitting down, it's time to make a stand. start a new day with trelegy. no once-daily copd medicine has the power to treat copd in as many ways as trelegy. with three medicines in one inhaler, trelegy helps people breathe easier and improves lung function. it also helps prevent future flare-ups.

trelegy won't replace a rescue inhaler for sudden breathing problems. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. take a stand and start a new day with trelegy. ask your doctor about once-daily trelegy. and save at trelegy.com. that building you're trying to buy, ask your doctor about - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you see it. you want it. you ten-x it. it's that fast. if i could, i'd ten-x everything. like... uh... these salads. or these sandwiches... ten-x does the same thing, but with buildings. sweet. oh no, he wasn't... oh, actually... that looks pretty good. see it. want it. ten-x it. yum!

's all right, we don't know all the details about democrats meeting at the white house with the president including chuck schumer and nancy pelosi with the leader of these various coalitions on the far left and moderates, the message we are getting released related, is there a way to get the fund job

i'm in the process here? a do or die moment for the administration but record low approval numbers for this administration at least, adding a sense of urgency to office. what you think? >> the republicans are loving the new approval ratings for joe biden because what it's telling us is there is some wiggle room for the independents. that's the numbers we focus on the independence because those are the people that could swing the race. how do we keep the declining approval rating going for us? i feel you've got to keep things at the forefront like afghanistan and the border, any debacle or mess up on joe biden's hands, if we could keep this in the headline and push that forward especially with the trillions of dollars of policies coming out with taxes, if you

could keep that, we may see a continuation of declines in his approval among the independents and i think that's where the republicans need to focus on because those of the voters we have a chance, a shot at expo round you and i wonder how donald trump because into this because lately he's gone after lindsey graham and mike lee, they've ignored the crime of the century, the election, the president is convinced he one but he's fighting all battles and even going after those who, prior to that and the exception of his take on the election supported 99.9% of the time so if he's chasing his friends, is he hurting it for his friend?

>> donald trump, we watched this play out on the camera and in the news in the press constantly where he's your friend one moment and may wake up and you may say something he doesn't agree with in your on the sideline the next moment. this is donald trump, this is who he is we've been dealing with this within the party and the media for a long time and there's no changing that and this is who he is. if you support his policies and standing true with him no matter his beliefs, if you're with him in the trenches, you're with him. if you discuss it and question it, your on the outcome you are done and fair game. neil: your all in or you're out. i caught the battle of the presidents and liz cheney's race to keep her job, george bush will raise for her, she's had no trouble raising money but obviously george bush knows what

he's running up against doing this and of course donald trump has already commented on the and he wants anyone but liz cheney for that job, where is the battle between the former presidents? >> as a fundraiser, i hate to see wasted money in a primary with two people supporting the republican platform and would do a great job. i don't like seeing money wasted. on the other hand, i picked up the phone for the segment and called texas and i asked, what you think? they said they couldn't stand liz cheney and they need to make sure we had a true republican in there so i think what versing is a push between trump republicans and bush republican and i feel like a lot of the trump republicans from a few people not totally behind trump as sort

of baby a week republican same only. >> every republican will defend the platform but they feel if you are not up there saying your trump and only trump, you will be weaker, you might be seen working with the democrats. right now i feel it's popular with republicans to go against the grain, republican or nothing, don't work with anyone and be a patriot and bachelor trump republicans. liz cheney seems even though she supports publicans platform, she's not going along with all rhetoric and all the things about lost elections and everything so therefore she is a traitor and not true republican. there's your rub. neil: so wild and immature. thank you very much.

back to the white house dealing with crosspoint and poll numbers and now the controversy over patients, just how many have been sent back and how many are still here? 's here's more at the white house. >> the white house confirmed numbers from the department of homeland security which is two days of request to even get. the numbers say 1400 patients have been returned to haiti, 3200 expelled and moved out of the del rio sector to be expelled either via title 42 or proceedings and 5000 remain in the del rio sector. all that does not seem to add up estimated 14 -- 15000 officials estimated the del rio sector a couple of days ago and texas

lawmakers say border patrol agents is affecting other communities. >> the american people don't understand to the extent this reaches up to our community in terms of americans dying from overdoses because of narcotics, it's not just a story about haitians, it's a story about broken or, cartel now operates corporate the white house is more focused on imagery of border agents apprehending migrants with what some to perceive bring it out.progressive color white supremacist behavior in the white house emphasizes the president for psychotic images dhs investigates. >> this would not happen if this was not eight or 10000 black people, it's outrageous. >> i convey to your secretary also conveys to civil rights earlier this morning with no

longer use forces in del rio so that something, a policy change made in spots. >> the white house and state department are pushing back on reports the u.s. envoy to haiti resign because he didn't want to be associated with inhumane u.s. policy sending patient back to again controlled country. officials say the envoy never raised migration concerns try to pursue what they call an appropriate policy decisions, there were other reasons for his resignation he said. neil: thank you for updating us on all of. the dark easily with today's 608 points out of yesterday's heavy offense i believe i misspoke, back to back performance as time back in march as for the yield on the treasury in-and-out,

that's something we've not seen since july the markets are on fire right now, optimism about earnings when it comes to treasury security, optimism of what's going on in china and real estate concern will china and very little risk here. ♪♪ 's. ♪♪ ♪♪ we did it again. verizon has been named america's most reliable network by rootmetrics. and our customers rated us #1 for network quality in america according to j.d. power.

number one in reliability, 16 times in a row. most awarded for network quality, 27 times in a row. proving once again that nobody builds networks like verizon. that's why we're building 5g right, that's why there's only one best network.

dad, we got this. we got this. we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones if you used shipgo this whole thing wouldn't be a thing. yeah, dad! i don't want to deal with this.

oh, you brought your luggage to the airport. that's adorable. with shipgo shipping your luggage before you fly you'll never have to wait around here again. like ever. that can't be comfortable though. shipgo.com the smart, fast, easy way to travel.

the president now about nine months, double-overtime getting to these key pics in their posts if he had made the pics getting to be problematic for him right now. charlie katharina is following all of that. >> it's very strange, democrat

demonstrate the most profit ministration coming out of what they thought was the chaos of the trump years and we are seeing a lack of confidence manifests itself according to democrats on wall street. people on wall street who weren't democrats but still supported not president fighting over president trump. they're worried about the confidence factor and manifests itself many issues, afghanistan, the border and small issues affecting business communities directly and one is the failure to be the director of the fcc, federal communications commission, a huge job on wall street telecommunications it's one of the most important industries in the biden administration still has not picked a permanent director. having acting director,

considered a moderate on policies, liberal but moderate. she keeps getting pushed off because they want a more progressive running the fcc and she's running's notable liberal as an academic and progressive so she keeps getting pushed out but here's the problem, she's part of a two -- two tie on the fcc. if she leaves it is not replaced or extended against the job as director, democrats could lose the majority could not be replaced passed a one-year extension where it is right now. she got a one-year extension, or to topple she's gone publicans control the fcc so yesterday 25 senate democrats including joe mentioned top the list sent a letter to the white house sink

please appoint this person is permanent fcc chair, we have an agenda democrats want to state telecommunication, we don't want to turn over to republicans. i'm paraphrasing, i didn't quite say that she was the most powerful excuse me, the most competent person for the job but it's if this mirrors ineptitude of the biden administration, the federal housing finance authority, a big position for housing, freddie back still we don't have a director squabbling over choices and no one knows who, a longtime consumer advocate it's all about progressive's whether calhoun is progressive enough's sources scary thought i'm talking about

the price tag, bernie sanders was on the senate floor right now saying it better not change, it better be three and a half trillion dollars, he's not keen on shrinking that. ♪♪

's

wanna lose weight and be healthier? it's time for aerotrainer. a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time. it allows for over 20 exercises. do the aerotrainer super crunch, push ups, aero squat. it inflates in 30 seconds. aerotrainer is tested to support over 500 pounds. lose weight, look great, and be healthy. go to aerotrainer.com. that's a-e-r-o trainer.com. all right, shortages real, president meeting today solve it but it's delaying a lot of cars and already auto industry said collectively, $200 billion in combined revenue over the next

year so obviously it is a worry that tends to get worse. the automotive sector analyst on all of this, you waited a long time and i guess i could continue. >> that's going to be a problem, thank you for having me back. the shortage interesting. we originally projected 110 billion now 210 and losses conduct about 7 million retail sales, that's a lot. the impact will impact not just already auto manufacturers and suppliers but also employees and unions. they are not very happy about this because this was not what anyone expected it was a global basis. u.s. manufacturers it's literally everyone. neil: how has it been fight means you don't get a car?

i guess i didn't appreciate how important it was. >> effects everything. you are only a key to your car, the remote key fob is at least one chip starts the car unlocks and locks the car and then you think a beautiful center screen like you might on the new audi and bmw, beautiful big chips the cars are produced here as well as around the world and they use multiple chips and now you're talking about thousands of microchips apartment hundreds of multi- processors that need to be used for each separate system and it all uses tiny microchips. if they decide we are just going to start her own company, you and i decided today with roger start our own chip company, we better figure three years before we start producing anything so manufacturers are scrambling for the interesting is, microchip pulled to china so china

controls two thirds of only that much of the industry and that impacts gaming systems, phones and cars and everything. neil: incredible, so pervasive. thank you very, very much on that. all right, we have a lot more coming up including a peek at the dow. all of these worries and outside issues, they are out there but no one seems to be worried. ♪♪ 's. ♪♪ ♪♪ when traders tell us how to make thinkorswim even better, we listen.

like jack. he wanted a streamlined version he could access anywhere, no download necessary. and kim. she wanted to execute a pre-set trade strategy in seconds. so we gave 'em thinkorswim web. because platforms this innovative, aren't just made for traders - they're made by them. thinkorswim trading. from td ameritrade. . . we did it again. verizon has been named america's most reliable network by rootmetrics. and our customers rated us #1 for network quality

in america according to j.d. power. number one in reliability, 16 times in a row. most awarded for network quality, 27 times in a row. proving once again that nobody builds networks like verizon. that's why we're building 5g right, that's why there's only one best network.

neil: you know a couple days ago everyone was like all but slashing their wrists saying the market was going to tank maybe with the exception of charles payne because he was staying calm through that. i think he is still calm now. charles payne, to you. charles: i'm a little more excited but for the right reasons. i am licking my chops on monday. you know me so well. all right. good afternoon, everyone, i'm charles payne. this is "making money." jerome, jay powell, say his name, folks, he pulled it off. announces taper he got investors to cheer instead of throwing a tantrum. did you buy the dip? not too late as the rally survived the biggest scare of 2021. where will it go from here? what will be the biggest