quick check of the markets. we've been up modestly, about a two thirds of a percent. very quickly bitcoin crossed over the 5thousand mark. by the way 58,000 mark. very excited that captain kirk and neil cavuto are coming up in the next show. neil cavuto, take it away. captain kirk one of my all time favorites. neil: absolutely. i'm with you. we'll indeed hearing from captain kirk, william william shatner. i thought he was in space, that was not in actuality because it was tv show. william shatner looks forward to go up in space. they pushed forward back for wednesday. he is ready for a trip of a

lifetime. you get a chance to be up there are got ten minutes you will. what is the first thing you want to do? >> i'm going to look out the window, neil. i'm going to see the vastness of space and the fragility of the earth and i'm going to continue that theme in my thinking, and in my work. neil: i think that is a good goal to look out the window because it is an impressive sight. you won't have much time, you have ten minutes. the two paying astronauts in this journey put up $250,000. that is 25,000-dollar a minute, because well worth it because the view is spectacular. we'll have a little more on the interview coming up later in the broadcast. meantime it is a good thing these guys are not taking southwest. that is all i'm saying. they would be on the ground and being stranded.

the situation is not getting any better. lydia hu, what the heck is going on here? reporter: major cancellations across the board for southwest t started over the weekend. we know there are almost 2000 flight cancellations both saturday and sunday. a headache for people traveling over the holiday weekend. they're continuing into today. the latest numbers, from flightaware 365. that is 10% of the schedule. neil: what is the problem? report really not clear, that southwest blamed staffing shortages along with traffic control. traffic control said they had staff issues in florida but that was resolved by 10:00 p.m. doesn't seem like traffic control or weather is the blame. no other airlines or flights experiencing similar situations. speculation this is coming on the heels of vaccine mandates. maybe that is coming, prompting this.

the pilots association filed a lawsuit on friday to try to halt the implementation of vaccine mandates for the airline. senator ted cruz took to twitter basically, hey, it is not a coincidence. this is a product of the man dates but it is just speculation. the pilots union came out said they have no sick-out planned, there are no protests planned. they are denying that is really the issue. could be staffing shortages. neil: remember that with spirit airlines last year, this year. these problems keep festering for the industry. reporter: that's right. southwest bulked up the flights, number of scheduled flights they're carrying this year. they're looking scaling back. they did say on twitter earlier this morning they hope the issues are resolved at some point this week. they're hoping to come back to regularity. the delays are picking up as the day wears on. neil: if you're lucky to have a flight delay, not canceled. >> right.

neil: lydia, thank you very much. another worry we're following. you wouldn't see it in the market. what is happening with the inflationary pressures, start adding them up from cot ten, tin prices niece yum, oil and gas -- magnesium. madison alworth is here on that? reporter: neil, we're seeing a movement in cotton experiencing it. it hit a 10-year high. consumers are feeling consequences because retailers were preparing for this. the price of cotton is up 47% year-to-date. that is just over 110 cents per pound. look the way the prices have increased since the last lie in 20072007. back the price of a cotton t-shirt went from 1.50 up to $2 that was dealing with drought issues. that was part of the problem. today droughts and labor conditions are driving up the cost as well as china's purchasing of cotton. last december president trump banned import of cotton from china's region over concerns it

was produced with forced labor from the uyghur ethnic group. china is buying up cotton mostly from the u.s. to make goods, then ship it right back to us. but as we continue to show you on this network there are many shipping deleif this is year. that is driving up the costs of many goods, cotton included. that's why some companies are taking expensive measures to make sure they have these items on shelves this season. walmart, home depot, costco, target, some of the companies chartering their own cargo ships to import goods this holiday season. those ships on average can contain 1000 containers. compared to the typical 20,000 container vessel and they cost about two is as much. some of that cost, neil, is being passed on to the consumer. back to you. neil: i had no idea that you could search out your own cargo ship just in case you were worried but now apparently i know you can. i'm just trying to think how i

would use something like that. madison, thank you very, very much. well, speaking of the environment for this the supply chain bottleneck, of course led to higher prices which compounds the bottleneck problem, we're certainly seeing it in the oil and energy, gas arena. jeff flock with a lot more on that. hey, jeff. reporter: going to have to go back to wearing rayon shirts, neil, if the cotton problem continues. there you go. that is one thing. here is another thing. this is natural gas drilling rig right here in appalachians here in pennsylvania. we're sitting on top of the marcellus shale which is a great source of natural gas but the problem is not so of what they're getting here, is getting it to where it needs to go. the problem with that, what is causing high prices or at least in part causing high prices the lack of pipelines to do that. take a look at this map. recently within the last year or so three different pipelines, designed to get marcellus shale

natural gas to places like new york, new jersey, the penn east pipeline to take it to new jersey, the northern access pipeline was to take it to upstate new york, all of those have been canceled because of problems with permitting, environmentalists fighting it, local residents fighting it. we have plenty of gas. we don't have the ability to get it where it needs to go. consequencely prices for natural gas doubled since last year, up 119%. if you look at the natural gas futures on the cme in chicago right now down somewhat today, still a seven-year high, in the neighborhood of a seven-year high. the gas producers here in the marcellus say we have plenty of gas, let's get it out so we get the prices down. listen. >> significant pipeline projects that have either been shut down by federal government action or

by private interests, that impact certainly deals with the ability to get gas where it is needed, natural gas where it is needed, for consumers, for electric generation, for a whole host of uses can be seen in higher utility bills. reporter: yeah. it's, you know, when it comes to natural gas, first of all most people heat their homes with natural gas so look out this winter. huge in electric generation. if you're an environmentalist natural gas certainly beats coal and oil in terms of helping the environment out but got to get it out there. it will cost you a little bit right now. neil: we certainly have a lot of it. thank you very, very much jeff flock, following all of that. that inflationary pressure building up across the board not only with inflationary items but commodities. this was festering early january when we had the first signs of

oil peaking and incoming biden administration would start putting kibosh on colonial pipeline and further limit fossil fuel production that sort of thing. it cascaded from there. i remember my buddy charles payne was saying at the time these kind of things generally don't end quickly and they're still going on now. hence transitory thing was a bunch of bunk. charles payne in the flesh. like elvis entered the building unless you're a hologram. good to see you, my friend. >> good to see you, neil. [laughter] neil: it is weird, if you think about it this whole inflation thing is not dying. if anything it is spreading out here. >> frustrating part is how much is self-inflicted. it's a conundrum, not just america, around the world, particularly in europe. when you see what is happening. you have lines in europe, in england, people are in line for gas and meat. neil: yeah. >> think about it,

post-world war ii kind of stuff. it is things that you never thought we would even see again, it is all to your point, when you bring up president biden. day after the election was the low point for crude oil, the low point for gasoline. you think nat-gas up 119%? try coal up 200%. neil: wow. >> it is so amazing because they put restrictions on these things but we need them now. neil: i don't know why we couldn't do all of the above? why favor one or the other? if you're hot to trot to do wind and solar fine. but the expense of others give us an edge and cost savings for america? >> we had this fracking miracle that allowed us to become energy independent. that liquid natural gas, natural gas we ship it around the world. china would pay anything for it. europe would pay anything for it. here we are. we declared war on the golden goose. it is really amazing. by the way in the meantime until we find a way to legitimately get these things to work until we don't need them, a probably

20, 30 year transition, we'll be honest about it, why make it so expensive now? here is the thing. it is the worst kind of recession. it is the worst kind of thing. it hurts poorest families the most. it hurts people who commute to work, drive a few miles to get to their job. they're not making a lot of money to begin with. look at wage ins this country this year, phenomenal. wages are to the upside, but almost every single month except last month they were down. take the paycheck -- neil: real wage gains. >> you look at paycheck, whoa it is in there you got it. you go into the store you come out with three bags instead of four. what the heck is going on here!? neil: charles, i wonder the spillover here because when people see the wage gains lost in the cost of this basic everyday items they get angry and get progressively angrier. >> they do.

neil: play this out for me? >> i think you will certainly see a political upheaval but i'm concerned about an economic thing where we start, you see some of it, the hoarding already. you think prices are going higher. you buy the stuff, you hoard it now. and then of course after a certain point you just stop buying it. this is not what we need as we head into christmas and the holidays. one of these things, people talk about for instance the jobs report on friday, i did a lot of number crunching over the weekend, neil. some cynics will say so-and-so said once the job benefits were cut off people would flock back to the labor force. they don't have to yet. $867 billion went directly into the peoples bank accounts with the three programs, most recently in april. almost 40% are saved. folks are sifting on a lot of money. they don't have to look for a job. if they want the money to last

they will not spend it either. we want the economy to flow. we want people to look for jobs. feel comfortable enough to do spending with excess savings by any account is one to trillion dollars. neil: something is going on to your point. think about it. we have close to 11 million job openings out there. the latest month, 194,000 americans took employers up on it. what is explaining that chasm? >> i think several things, first and foremost is certainly all the money, people got the free money. you don't have to go to work yet. you simply don't have to. the second part of a almost two years of being at home. there is sort of introspection, the sort of notion i want to work at home or i don't want to go back to my job. we've never seen it like this before. then of course some of the other issues, women, 300,000 women dropped out of the labor force last month. 300,000 work age women. a lot of that obviously is child care, issues of schools, politics at school. some women just want to stay home too.

we do have more women in college than men right now. if they do want to make it up the economic ladder, have a family, have it all, we say you can have it all but things have to change. it is an awful number t has nothing to do, baby boomers, forget about the baby boomers, 20 to 24-year-olds, so far 3 million are missing from the labor force. we don't know where they meant, 3 million, 25 to 54, prime age, that labor force participation last month went down. something is critically wrong. i don't have all the answers. i have a great guest. i have elaine chao. 11 million job openings. we need to be better than this. something is wrong and if we don't fix it what is the consequence? neil: great to be here. >> you look better in person than on tv! neil: i heard the trumpets when you arrived, i said, oh, gosh, payne he's back he's back.

by the way he and i of course will be earning our keep here. first i take a look at inflation and what is really going on here. as charles pointed out it is gaining considerable questions that you have, get ready for our october 13th special, invested in you@foxnews.com. you have any questions or concerns. october 9th, stepping back from all of that, investor revolution. we're getting the way around, hoping to do as well as charles. he too will take your questions. we have already seen a hint of some of them. he is getting a lot nicer questions than i am. and i think that's totally unnecessary. so i swapped them around and just changed their name. we look forward to hearing from all of the above. we'll be hearing from william shatner, of course, captain kirk, getting ready to go to space. they pushed his flight back because of the weather and the like.

90 years young. he does not look it. sharp as a tack. funny as all get out. you will get a sense coming up later in the show. update what is going on in washington. i can cover it in two words, not much, not much at all. more after this. ♪. (vo) while you may not be a pediatric surgeon volunteering your topiary talents at a children's hospital — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you give back.

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that's because you all have the same internet. xfinity xfi. so powerful, it keeps one-upping itself. can your internet do that? ♪. neil: all right. there is no doubt that real estate has been booming but apparently that word has not been passed along to appraisers who assess the value of the house and unfortunately for a lot of people buying and selling those appraisals are coming in lower than the price to sell the home. that leads to a dilemma. you adjust the price on the part of the seller to the reality of the appraiser or you blow up the deal all together that has been happening, the latter, in a lot more cases. we have the force global properties founder with us. bonnie, it has gotten in the way of sales that were all but a signed and done deal, huh?

>> i'm not sure. let me give your audience the benefit of my perspective first. i'm chair of forbes global properties. that is a curated consumer marketplace and a membership network of elite brokers selling only the highest level homes, finest homes around the world. because of the explosion of prices as you preferred we have expanded to 11 countries, 135 locations, only representing by the top brokerage firms and their experience in those types of properties. so the answer to the question as we see it is explosion of prices in 2021 is only going to continue into 2022 and we see that the market will continue to adjust to higher and higher prices. there are two reasons for this. the first reason is i think one of your previous people on your

show mentioned it, there is lots of money out there. just look at our partner forbes and its 400 list. the entry point is 2.9 billion. there is so much money out there to invest in luxury real estate and lots of people do it. the second reason is that 2021 is very much representing a flight to quality. during covid people recognized that they could work from home. many people recognized they could work from home. so if 2020 was the year of the home where people in the secondary markets proliferated because they wanted privacy, larger homes, more backyards, the beach, the mountains, 2021, this expanded to all of the luxury markets and the cities came back. we see in 2022, there will be another factor which is the opening of the foreign markets and therefore, there there wille foreign money pouring in. neil: bottom line, don't mean to jump, you see the demand rising

i assume with the price potential as well. what happens when an appraiser what he or thinks is an adequate or fair appraisal of the property involved and whether the buyer is using cash for financing it is a lower appraisal than the sales price? what happens then? >> well not getting into the nitty-gritty we look at the global trend and the global trends are the pricing has to adjust and buyers are there to spend more money. neil: i understand, i'm sorry for my ignorance, i want to know when the appraisal is listed lower than the selling price what happens? >> as there are more and more comparables, as market increases those appraisals are going to go up. we see with our key markets around the world that prices are just getting higher and higher and it is going to catch up.

there is money to pay for higher prices and the appraisals will continue to go up. neil: got it. thank you very much, bonnie sellers, the forbes co global property growth. the trend is the friend for real estate, some appraisals notwithstanding. maybe it all evens out in time. meantime waiting for things to even out with china when it comes to reopening these trade talks, china just submitted a demand on those trade talks though, such an incredible demand, we're turning our heads here, are you kidding me? after this

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security foundation and therein lies the rub and the problem for our country. rich edson with a lot more on this from the state department. hey, rich. reporter: good afternoon, neil. how about that, the semiconductors are also in the equipment u.s. military buys a manufacturing sector, the united states and europe decades ago dominated has largely moved to asia. luckily for the u.s. american allies like taiwan, south korea, japan are now the global leaders in semiconductor manufacturing. though china's industry is growing and the chinese government is investing heavily trying to become the world leader in production. one american industry whistle-blower tells us the u.s. needs to boost production fast. >> whoever wins the race for the next generation of semiconductor products eventually will have a major military force on the global stage. >> a military conflict or any other cause that would block the 90% of semiconductors made of

the world that come from asia, it would be an economic catastrophe. reporter: there is a bipartisan measure in congress which the white house supports also, called the chips for america act. it would spend more than $50 billion on the american semiconductor industry including billions in tax credits and research. congress has yet to allocate the money for that. for american consumers there is a more immediate issue a massive global semiconductor shortage, along with the shortage of almost everything else. thanks to production problems, massive post-pandemic orders and international shipping and supply chains that have become a mess. the commerce department says it is working through that problem though the answer is to produce more chips in the united states but that is not something that is going to get solved anytime soon. neil? neil: rich edson, state department on all of that. the read on all of this from ambassador paul wolfowitz. i think you remember him, former world bank president, former

bush 43 deputy secretary of defense. i always enjoy learn a lot when i have you on. before we get to other matters at hand, chip thing, national security threat, china, of course has domination in this issue, controlling pretty much all of the vital chips and everything else you need to back up our most advanced electronic systems, does it worry you? >> worries me a lot. what also worries me the way huawei is winning the contracts to build 5g in many countries all around the world which will give them i'm afraid a big leg up on data related things like artificial intelligence. meantime we're surrendering to china by letting what's her name, ming go free in return for a couple of canadian hostages that shows weakness on our part. neil: the best way to put a it,

ambassador, the trade talks with china stymied for a i will whoo. the chinese went into it with opening demand, lift all tariffs, then we'll start talking, what did you make of that approach? >> well it's the way they negotiate. unfortunately it is not the way we negotiate. we go into these things without even mentioning that their censorship and permitting travel out of china is responsible for the death of 600,000 americans if that is the right number. certainly in the hundreds of thousands, changes every day of course. neil: right. >> we have some issues with china and yet they're the ones who are giving us lists. we're the ones letting their indicted chief financial officer of huawei go home to hear row's welcome, a way of rubbing our nose in it. the chinese communist government is acting like they're winning everything and the u.s. is losing and i'm afraid we're

playing into that image in a dangerous way. they're playing it to our allies. neil: not just bellicose to your point, regarding taiwan, hundreds of sortie missions at or indeed over taiwan airspace and then the demand there will be reunification. they would like to have it be a peaceful reunification but i don't think that that is going to be a deal breaker about it isn't peaceful. what do you make of just their behavior? >> well, i, first of all when they say they want it to be peaceful it is like a mobster comes to you, points a gun at you, well we want your house, we would like it to be surrendered peacefully but if we want it wheel shoot you. that is what they mean by peaceful. they have gone beyond any peaceful unification after what they had done to hong kong. taiwan, no one in their right minds give give that up, threat of war the chinese is playing

with. very dangerous behavior. neil: china coulding sort of testing us, with the likes of collapse in afghanistan given what we'll do. given provocative behavior, all the sorties, that they have don't think we'll do anything? >> that is a very great danger. then of course the biggest danger when stalin gave the north koreans the green light to invade south korea it was because he thought the u.s. wasn't going to do do anything. we turned around and surprised him and surprised the north koreans, ended up with a much bigger war that could have been prevented in the first place. i worry if we're sending a message to china, go ahead. we'll go ahead, then we suddenly discover we don't like the result, we do something but do it too late. we should be very clear now. the japanese seem to be ready to make it even clearer that we will help the chinese, taiwan east fight for themselves, for their own independence, not independence but for their own autonomy. exactly what the prc shredded in

hong kong. they made a promise for 50 years. now the promise is in the waste bacquet, torn up completely, ambassador, if you think about it, china has always walked the fine line being a cap a capitalist-like society but at its core a militaristic one. but now they're willing to hurt themselves economically, financially, their markets, going after the biggest success stories, sort of tamping them down, calling back new offerings they view in other markets around the world. that tells me they have decided that we're going to err on the side of the military power we are and not the economic power we've been presenting to the world, that if push comes to shove, at their core, they're that brute force nation. i don't know if wall street appreciates the magnitude of that but your thoughts?

>> look i think you're right, that they are going after the goose that lays the golden eggs but when i say they, really more xi xinping hand anything else and i think what he doesn't like people potentially more powerful than he is and this is a power play to put these billionaires in their place but a man who is ready to pay that kind of price to put his opponents in their place is a man who might take very risky decisions that could lead to war. and i certainly believe that people investing in china today are probably taking a much bigger risk than they realize. neil: the fact that it hasn't come, that is china, ambassador, to the rescue of evergrande the big real estate concern just barely hanging by a thread, and letting others essentially fall by the wayside in the process, now there might be things happening behind the scenes which i'm unaware but it is very, very clear that china again will risk you know,

economic hardship, not that it has encountered much as of yet, with the far greater military goals it has, what do you think? >> i think, i think on the whole they have read us as weak and they're not particularly worried about either economic responses or military ones and that is unfortunate because if they don't take the economic reaction seriously, then they're much more likely to behave in a dangerous way with their military forces and as you know and i'm sure many of your listeners know, they have been flying unprecedented numbers of airplanes into taiwan's declared notification zone in order to basically wear out the taiwanese response capability and at one point one worries there is an

incident where a chinese, taiwanese plane is shot down where you have a war without meaning to have one. they're playing a very dangerous game but it is for the purpose of intimidating the taiwanese people. neil: i always thought of that as well, mr. ambassador, if taiwan shot a chinese jet down, that that would be china's provocation to act and to go ahead and launch this takeover of this renegade island as it likes to refer to it. what do you think? >> i think getting a provocation and then claiming that you're responding to the provocation is probably in their playbook and unfortunately it is all too logical which is why the taiwan air force is extremely careful about confronting these waves of chinese jets coming into their airspace and what it does in part is, it certainly makes the people of taiwan much more

afraid which is what it is supposed to do. i don't think that fear however is making them more likely at the moment at least to give up and surrender freedom that they enjoy they know they would not enjoy. what they have seen what happened in hong kong. they don't want it to happen in taiwan but if they get sufficiently concerned about a chinese attack or a chinese invasion they may begin to compromise. that's what xi xinping's calculation is i believe. neil: and hence that peaceful pursuit of transition power if you believe that paul wolfowitz, former bush 43 secretary of defense. these sorties calm down a little bit right now. a good many have been actually over taiwan airspace. it is china tempting taiwan to respond, then shoot down a chinese jet which some believe to be provocation that china wants to go ahead and launch

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who will take the time to help you, and get your free decision guide. humana, a more human way to healthcare. ♪. >> all right, i think we are belling opec plus countries to do more with oil prices right now. the white house standing by its oil-producing countries, so-called plus opec countries like russia, for example, to support the global economic recovery and address crude prices which have been in and out of multiyear highs. the irony being we want them to essentially produce more oil when we started out the year producing so much oil in this country we didn't really need to beg or ask them anything. it's a bit ironic we're urging them to do something we were doing, stopped doing. jonathan hoenig and his read on that. jonathan, that's weird. the whole thing is weird. >> yeah, neil, keep in mind it

wasn't too long ago we had negative oil prices in this country. neil: that's right. >> we've seen not only return in demand, lessening of supply, increase in regulation. it's a bit disappointing as an american, the fact given natural resources even in this country we often beg to unfriendly middle eastern countries to simply get the energy we need to power the country, the market is up 100% from the pandemic low. the ones we're covering, responding to higher rates. banks because of higher interest rates and oil stocks because of higher energy prices. those stocks are on fire the higher oil goes. neil: we're just entering third quarter earnings, you know blitzkrieg here. we're expecting by and large good numbers. i think they're looking at about a 30% increase year-over-year for those earnings. that would be down from the 96% clip we had year-over-year for the second quarter. obviously comparisons get tough

quarter to quarter all of that. i wonder, who benefits, who will look strong and who is not? >> look the economy is now coming out of an unprecedented shock, neil. not so much the pandemic but we know lockdowns and still potential some of that could haunt us again. reality despite a comeback in the economy we're facing a number of factors. the first is unavoidable, rising costs across the board. everything from wages to supermarkets thinner margins, we'll see more difficult comparisons year-over-year. coming at the time the economy is falling off of a cliff. investors are looking at cheap stocks. they're 20 times earnings. they're very expensive at a time costs for the economy are going up and spending is going up. neil, as you remember the '70s, they used to talk about the bond vigilantes, keeping an eye on government spending. well now you have joe biden spending quite a bit. we're seeing interest rates going up as well and that is a

real tax of course on every american, pay more to borrow and more at the supermarket as well. neil: this is not a short-lived phenomenon for you? >> no, neil, the market moves in trends. the gold in 2000s, went up every year for 12 years. this could be start of a real big multiyear inflationary cycle. once the genie is out of bottle it is very hard to put back in again. neil: certainly is, my friend, jonathan hoenig, thank you very much. we're following the virus now, we're following vaccines for the virus and following merck's emergency approval for a pill that will deal with the virus after this. ♪. 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. oh, yeah. that's the spot. only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪

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neil: people back in football stadiums. back in a baseball stadiums. ready with the boston marathon to begin after pandemic hiatus. molly line with the latest from boston. hey, molly. reporter: neil, a beautiful day in boston. 64 degrees. a breezy boylston street. runners are coming through. a gorgeous day for the boston marathon. the 125th day for this race. historic races could not be stopped for covid.

it does look different. first time ever the elite competition has been run in october. usually in april. the race well underway, reduced field. 20,000 runners are making the longe through. both winners from kenya this year. masks are not required on the course but runners were required to show proof of vaccination or negative test to participate. organizers have been urging participants and spectators minimize edge of covid. refrain from kissing a stranger. the apparent reference to the famous wellesley college tunnel where students are well-known for embrace and both the runners. this week on october 13th, more than eight years after the iconic race was targeted the supreme court will hear arguments regarding whether convicted marathon bomber, dzhokhar tsarnaev can be put to

death for the 2013 bombing. the justice department is urging to overturn a decision by the lower court to reinstate the death penalty t would be unfair of us not to mention the incredible volunteers making all of this happen. here they are behind handing out the snack team behind these runners, rather popular volunteers, nearly 10,000 of them make this all possible. neil? neil: i would be following the snack team but molly line, thank you very much. molly, following all of that. dr. bob lahida on all of this. doctor, another reminder we're getting kind of back to normal, back to college football stadiums, professional football stadiums, seeing it play out across the country and little league games, congregating, no upward dramatic spike in cases, what do you make of all of this? i think things are getting better and better. i think this pandemic is going away, neil. i think that we're going to have this virus around forever. we're probably going to realize

that it is endemic by the flu, every year wind up getting our shots. neil: to your point, last time you were with me, talking about the fact cases were declined, given spike in vaccinations we've seen, whether forced or not, it is having effect, try to stay out of politics, doctor, the case count is slowing. certainly hospitalizations are, the best news of course deaths are. do you think this continues, this concern when we get into the cooler and winter months it could spike again? where are you on this? >> anything is possible, neil. i think a spike is likely in some areas of the country as it gets colder and we group together, particularly for the holidays like thanksgiving and christmas we're liable to see little blips but i don't think we've seen anything like we've seen in the past two years. so i'm very comfortable. neil: doctors, the push for booster shots right now, better than a million americans have

had them, markedly more than that now, do you recommend them for particularly vulnerable patients? how do you play it? >> absolutely so. i give it to my patients with autoimmune diseases, anybody on cancer, chemotherapy for anything, anybody over the age of 65 should certainly have a booster. it is imperative that we protect ourselves. neil: so without it are you in danger? because the whole reason for taking you know the vaccines in the first place was to prevent that but it does seem to imply after a while it loses its oomph, does it? >> i don't think it does, neil. if we look at 100 people, look at their neutralizing antibody, it is true the neutralize antibody weakens in eight months. we have cellular immunity win is the other arm of the immune system protects us for many, many months, even years. everybody is different. it depends on their immunogen

net ticks. neil: quickly, america with a pill that makes it all goes away, looking for emergency approval that could be a game-changer, couldn't it? >> it really could. have symptoms in the future that come on like aches pains and fever, this is a drug you take by mouth a pill which causes the virus not to reproduce in your cells by virtue of the fact there are rna building blocks inserted into the rna of the virus and it prevents it from replicating. these are game changing, exciting news for us in medicine and science. neil: dr. bob lahita, st. joseph's institute for autoimmune diseases. a genius on this stuff. in 48 hours, captain kirk will be in space again. it is not a sequel for "star trek." it is the real thing. how is he feeling?

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♪♪ ♪ neil: all right, well, he is ready to take off, i'm talking about william shatner and his fellow may notes, if you will, on, of course, the blue horizon, the jeff bezos rocket. he had some interesting things about -- to say about what he

wants to do the first moments many space. you'll find it pretty interesting. i was shocked he hadn't been in space before because for three years he was going all over the place. [laughter] someone had to tell me star trek wasn't real, but that's a whole other issue. we've got a lot going on right now, a lot of concerns ant inflation if spiking again and a lot of the disturbances you see along the way. an economy that picks up steam means demand includes flying, and doesn't southwest airlines know it. man, oh, man, this airline cannot get out of its way. >> i know. you know the shaggy song, it wasn't me? i keep thinking of those lyrics. okay. it started on saturday and this morning it's still happening. with 10% of southwest's flights canceled when they said things should start getting back to normal. at first they said, well, the weather was bad. it was bad in and around jacksonville, that's it.

then they blamed air traffic control, and the faa said -- neil: yeah, wait a minute, right? >> so what's the problem? they have fewer packed planes, and they don't have an a agreement with the other airlines where, hey, if a flight is canceled, we can absorb some of your passengers. so things the started to really spiral out of control. now, the remaining question is -- because this is not the fors time this has happened to southwest -- if you want me to be a customer again, what are you going to do for me? they have yet to publicly announce, okay, everybody is getting a refund, everybody is getting a voucher. neil: they leave them strand thed like the spirit airlines thing -- >> yeah. renting cars, driving, on the phone for five hours just trying to get an airline representative on the phone. lock, i get it, it is so hard to hire staff right now for every industry. enough is enough. people want better answers and want something in return. neil: normally, once burned, more than twice shy.

other things going on, we're focusing on oil and energy prices that are getting to be like they were almost a decade ago. that's got some folks alarmed. >> oil is at a seven-year high, and there was a report from friday from bank of america, and they saw $100 oil this six months' time, and they blame three factors; natural gas spike, so people are switching to oil for the cold winter which i'm scared of, then more international travel. you put them together, you have energy prices through the roof adding to a supply chain that is already so disrupted right now. so if you can't find a trucker to get to a port to drive those items and you have to pay that trucker more money, now you have to pay more money to fill up the truck. so the entire price of energy is just seeping through -- will start to seep even more through the entire economy. we have earnings season coming up for the third quarter. delta reports this week, it's a different story for the banks, but start to -- what ceos say

about the future and and if how much they can raise prices. neil: yeah. we always look for their guidance, right? in the meantime, what about bitcoin as a hedge? a lot of people are a starting to say, hey, look, it's back. >> it has street cred now, right? the three-letter agency saying we're not banning it, and that's good news. it's going more mainstream. if you look at a one month of bitcoin and a one month of gold, they're kind of moving in opposite directions -- neil: yeah, that's interesting. >> so bitcoin, the next level is 6 of 0,000 to watch. -- 60,000 to watch, sitting right up there with record highs. neil: you know what's interesting too, i think all this bashing that it got in china and all the attention that's happened here, sometimes it can act in your favor. you say, well, there must be something to it if there's this pile-on of regulators who want to do something about it, right? in a weird way -- >> and the story that really got me, because it's hard to

understand bitcoin and is cryptocurrencies for the most part, but then you have brick and mortars, real stores saying come on in in this uber-digital anal, and we're going to help you to buy it. and when i heard that, i said that is a brilliant idea. that means that we're on to -- neil: right, right. that it's seeping into the mainstream. >> yeah. and there's a whole new class of investors right now. you have your stock market investors, you have your young amc-reddit type investors, and then you have the crypto type investors, and a lot of them don't have experience in more tradition always. neil: yeah. they want a payday real fast. >> and it's volatile -- neil: very volatile. >> every 40 days there's a bitcoin correction. neil: not for the faint of heart. >> -- come in and buy the dip and, hopefully, make some money. neil: or not end up being a dip. lauren, thank you very much. lauren simonetti on that.

meanwhile, a lot of concerns about how the holiday shopping season will sort out. we're telling you about the shortage of stuff urn your tree because of delays and disruptions and then, of course, we were covering the fact that we might not even have enough trees themselves to put gifts under. and now compounded by a shortage of chips that could make almost anything electronic look like a dream than a reality, grady trimble following it all in glenview, illinois. hey, grady. >> reporter: hey, neil. prices are going up and certain products are harder to come by. we're talking about pretty much anything with a digital component to it. a computer, a tablet, appliances even have computer chips in them, and so that's driving up prices and certain products hard to find. carl knows all about it, unfortunately. he's the lead technologist here at act electronics. so when people come in, number one, are people really heeding the advice and coming in early for christmas shopping? >> i think, yeah, a lot of them

are because they're starting to realize a lot of these products aren't going to be around in another month, so you've got to get it done quick. >> reporter: when they come in and say i want this specific camera or computer and you don't know if you're going to get it in in time for the holidays or christmas, what do you tell them? >> we like to set a realistic expectation. we're certainly placing orders but not guaranteeing delivery times. the best thing that we're offering right now is trying to get something that's very similar to any product that might be out of stock. >> reporter: we've been talking a lot about installation installation -- inflation, and that is disproportionately hitting electronics, tvs, washer and dryers, refrigerators. people expect deals this time of year, they might not get 'em. >> they're not going to be quite as good as in years past, and it has to do with the9 shortages and things being hard to find. again, if you're looking for a gift, get it now while it's

available. don't necessarily wait for that sale. >> reporter: yeah. so, neil, normally this time of year we're talking about doorbuster items, the things you're going to see the biggest markdowns on. this year it's just about getting the product in your hand period. might not be the best price, but at least you'll have it. neil: yeah. sooner rather than later. that's what everyone wants. everyone's shopping right now, and it's not even halloween. they're already focused on that. grady, thank you very much. meanwhile, we have got this debt ceiling agreement with the house essentially ready to sign off on that, the senate measure that keeps, you know, the government going, you know, for another couple of months into early december. put on a very strict diet of $480 billion to get us through the humps here. hillary vaughn with the latest on where all that stands. hey, hillary. >> reporter: hey, neil. that $480 billion lifeline is a temporary fix, but the house is expected to vote on the senate-passed bill to raise the debt ceiling by this short-term

amount. but some house democrats are under no delusions of what lies ahead for congress. congresswoman debbie dingell saying that congress has a real problem ahead. >> we come to the end of the year, we cannot have more theatrics and drama on what's going to happen to the debt ceiling because it hurts everybody, and it hurts republicans, it hurts our citizens, it hurts our economy. >> reporter: there is a lot of drama. leader chuck schumer gave what the gop says was a gloating grandstanding address really rubbing it in republicans' faces. his speech had some democrats holding their heads in their hands. the remarks on a ticking time bomb of december when the u.s. government risks default again. minority leader mitch new hampshire connell telling president biden late on friday that schumer's, quote, tantrum derailed any chance republicans help out again saying this: this

childish behavior only further alienated the republican members who help facilitate the short-term tax that has poisoned the well even further. they cannot invent another crisis and ask for my help. and treasury secretary janet yellen reacted to mcconnell's promise on sunday. >> what are the consequences if he keeps his word? >> there's an enormous amount at stake. a failure to raise the debt ceiling would probably cause recession and could even result in a financial crisis that would be a catastrophe. >> reporter: neil, we are essentially careening towards a catastrophe if the debt ceiling is not raised again in december. but there is even more bad blood between republicans and democrats in congress over this issue than before. neil? neil: there appears to be. no surprise there, though, i county suspect. hillary vaughn, thank you very much for that. art laffer, you know, i was reading that under ronald reagan 18 times they a had to deal with

increases in the debt ceiling without a fraction of the craziness we see these days. what was different back then? >> well, first, it was all bipartisan. our tax cuts in '81 were bipartisan, our tax cuts in '86 were bipartisan. all that reagan did was always bipartisan, working with both sides of the aisle, which is not being done by biden, it's just not. and the second thing is really important, neil, is reagan was using the funds to build economic strength through tax cuts, through pro-growth agenda policies, not by borrowing to pay people not to work. you know, when you look at the debt, there's nothing wrong with debt per se. if you can borrow all you want at 2% and lend all you want risk-free at 10, how much should you borrow? as much as you want. these people are using the debt incorrectly. they should use it to borrow

cheap and then use it to grow the economy with tax cut, with pro-growth agendas, with infrastructure, all of that, but they're not. they're using it to pay people not to work. so you're going to find this leads you to a lot higher inflation, a lot more, and the debt is being misused in this case 100% by the democrats. neil: if we keep raising the debt ceiling, why don't we dispense with the theater of it all and final an alternative where you don't have to keep revisiting this, or is it meant to be some, you know, halfway attempt at looking like you're watching how much money you're spending? >> you know, they're not. but it is, there is theatrics with this, but they are important. i mean, you listen to janet yellen saying how horrible it would be. i would hope that people would take into consideration when they're going to spend $5 trillion extra that they might find some pushback on the debt ceiling. i think it does put a little bit

more restraint on their spend, but maybe not. if it doesn't, you shouldn't have any debt ceiling whatsoever, just go for the gold. in all honesty, the debt ceiling -- if you go too far -- will have hugely negative consequences on the economy. already it has. i mean, it already has and continue to have more and more. so the theatrics, think mitch mcconnell did a very good job, and i thought schumer exposed himself badly on that, i mean, just bashing the republicans. but the debt ceiling is primarily theatrics, you're right. neil: if democrats could somehow cobble together an agreement that would include kyrsten sinema ask joe manchin -- and joe manchin, the more moderate senators, and they get it through, let's say it's closer to 2, 2.25 trillion, not 3.5, play that out. what do you think the impact will be? >> well, i think the impact will be very negative especially on inflation because what they're doing is they're transferring all these resources to people

who aren't working or who are aid for not working, and they're taking it from people who do work through taxes and through debt ceiling. so by taking it from people who are, through taxes, they're reducing their proclivity to work, so they'll produce less. by giving to people who don't work, they also will produce less, but they'll buy more. you'll have less goods and services available, and you'll have more money being spent by proof of the spending, and that will lead to prices. when you spend more and produce if less, the the price level goes up, and that is exactly what's been happening so far. and if they do this and if it goes through, i think it'll be very tough on inflation and on output unemployment. already, neil, the participation rate from, let's say, the end of clinton -- my hero as a president -- the edge of clinton was about 66, it's now down to about 61.5, almost 62 at the latest. people are just leaving by droves out of the labor force and not producing. that is an inflationary environment, and it really isn't

good for the country long run. there are less goods, and there are more people demanding them, and the prices will rise. neil: that's for jerome powell to crease and the back and forth on -- to address and the back and forth on whether he should be reappointed. i'd like to ask your thoughts if he's not. >> i'm not one to give suggestions. i mean, you know, i don't know -- i thought jerome powell, when he was appointed, was a good choice. i'm much less enthusiastic about jerome powell than i was originally. but, frankly, i think they should, i mean, i think there are a lot of people who are really good out there, and i think they probably should change powell out. neil: wow. all right. art laffer, thank you -- >> i mean, we shouldn't be doing these loans like this. they shouldn't be holding interest rates at these low levels. they should have tapered long ago and let markets handle this. the interest rate today should be at 2% inflation should be

something like 4.5, 5% on the 10-year bond, and it's not. and every time you start getting closer and closer, you cause all these machinations and people shouting and screaming and all of that. you should just be done with them, let markets handle the situation the way they're supposed to. neil: yeah, but markets have gotten used to this, right? you're right, the historical -- >> yeah, they sure have. neil: we should be double where we are now. art, always lesh something from you. -- learn something from you. thank you very much. art laffer. we are also following developments in panama. you might saying, neil -- you me saying, neil, why are we focused on panama? because there are 60,000 plus migrants strong at a camp in panama and guess where they're headed? here. ♪♪

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♪ neil: all right, they're expecting another surge at the border, but it could take a while. we're talking about better than 60 to ,000 migrants right now in panama but headed here. let's go to griff jenkins with more. griff. >> reporter: neil, good afternoon. i'm down here in southern panama because the foreign minister, a

woman named erica muniz, sounded the alarm in the last week or so about 60,000 haitians that are in a pipeline working toward the u.s., and it's so important that the people understand that those 15,000 we saw a few weeks ago under that bridge in del rio originated in south america. let me show you a map sho our viewers can get the understanding. most of the migrants came through colombia where the pan-american highway runses from if south america to alaska, but it's broken up. there's no highway in a 100-kilometer gap between kilometer. >> and panama. there is narco traffickers in there, it is dense, they have the travel on foot, and many, many die when they're doing it. we have some footage from a town a little north of where i am where where they've been digging graves to bury the migrants that have not survived this treacherous journey. we also know from the foreign minister that they've had more

than 90,000 migrants cross that dangerous gap just this year alone. one of the prosecutors in the local province here says that it is the most dangerous trip anyone can make. listen here. >> translator: they mention a lot of places, they talk about going down a hill, a hill of death. [speaking spanish] >> translator: they also said that on a couple occasions, migrants -- [inaudible] >> translator: it's very steep -- [inaudible] >> reporter: neil, just about 15 minutes from from where i am is the actual main shelter where those thousands of migrants are located as you saw on that map. the military stopped us yesterday from going in, so we are here at their headquarters to petition them to give us access so we can show world exactly the pipeline flowing

that the foreign minister has been washing and trying to get -- warning and trying to get hem from the biden administration to help symptom it not just on the u.s./mexico border, but way south of there beyond central america into south hurricane. neil? neil: griff jenkins, thank you very, very much. the latest from panama and also the latest on a big launch. we've had private citizens go into space before, but someone like this. never someone so old even though he doesn't look it and never someone so celebrated, even though he argues whether he should, but he is. william shatner if after this. all they're focusing on, including this questioner -- [laughter] your age. what do you think of that? >> well, the only thing about age that has application to this particular vehicle is getting anything and out of the seat with any kind of arthritis. so -- [laughter] unless you're really supple --

[laughter] getting in and out of these seats in weight, when we're on gravity is a chore. but, of course, it's design to float. ♪♪

♪ neil: you definitely don't want to be outside right now. little kid he know being -- did he know being inside wasn't safe either. and 11 minutes later, along with six of his fellow crew members, they would all be dead. the nasa organization will make with that extra $1 billion it's been promised by the president over the next five years to eventually land a man on mars. who better to talk about this subject than john glenn, the first american to orbit the earth who went back a few decades later. senator, a lot of people are saying the value return is way off and that the os of this -- cost of this, certainly beyond the billion the president

promised nasa over the next five years, and this is really just a pipe dream. people forget9 how concerned a lot of folks were when you and neil were going to walk on the moon, that you'd sink in or never be able to get off of that -- laugh and then michael collins would be flying back alone. >> to me, it was a magnificent tribute to the all of humanity and especially to the united states. to be able to carry out this sort of a challenge. neil: i didn't realize that at least in, you know, jim lovell's view, he wasn't very he or his -- confident he or his colleagues would get back to earth. >> during the higgs, white house -- the mission, the white house kept asking what are the odds of getting them back? >> there was no question i was going to get my crew home. neil: congratulations to all of you. you know, i was thinking on this journey will be both the oldest

and youngest human beings ever to go into space and your brother. that's a lot of pressure. i know you've had -- [laughter] success with automated flights. this is the first one with human beings. are you a tad anxious? >> neil, i'm not. i am excited but not anxious. we'll see how i feel, you know, when i'm strapped into my seat, you know, but i'm very excited. we're ready. neil: they were ready, and it was a flawless flight. and now they're off to try it again, blue origin, but this time with a pretty famous individual, captain kirk is onboard. william shatner, along with three others, in what will be another suborbital flight, about 10 minutes this length, but for the iconic the figure, 90 years young, a chance to do what he has only seen in hollywood. take a look. again, congratulations. william shatner, i understand that you had turned down a flight on richard branson's

virgin galactic, and now here you are going up on blue origin, jeff bezos fame. why the bezos rocket over richard branson? >> well, it's not that i don't love each of those billionaires, but -- [laughter] it's because the opportunity presented itself. you know, jeff bezos' vision is really remarkable, practical one. let's build the industries that pollute on earth, let's build in connection with space. it's not so esoteric as flying to mars, colonizing mars a year and a half, six months there, six months back. this is let's build now and start right now to protect our planet. >> you know, you've heard this more than you with care to, mr. shatner, that you, at 90 years young, will be the oldest human being, at least up to this

point, to travel into space. and when you're pepperedded with that question, you had said over the weekend i'm bloody captain kirk. and yet all they're focusing on -- including this questioner -- is your age. what do you think of that? >> yeah. well, the only thing about age that has application to this particular vehicle is getting in and out of the seat with any kind of arthritis. so unless you're really supple -- [laughter] getting in and out of these seats in weight, when we're on gravity, is a chore. but, of course, it's designed to float and be weightless. neil: that should be pretty cool. audrey powers, the blue origin representative, vice president of the company, i'm sure you're familiar with this faa review, safety concerns raised by past

workers. is that an issue going forward here? is there something to this that should cause some of your colleagues there concern? >> well, my experience with blue -- i've been here eight years and worked on a number of areas across the program. my experience has been that we're exceedingly thorough. we conduct safety reviews continuously through the design, through the flight test program, through our operations and maintenance of the vehicles and ground systems, so my experience is that we've been very thorough, we bring in outside reviewers from other agencies and companies. we partner with our faa partners to insure the safety of people on the ground. so i -- my experience has been that we're as thorough as any of the other companies that i've worked on through my career in this industry. neil: and, after all, you're flying in this thing, so you're

a part of that process. >> right. neil: glenn, you and chris are paying customers here. the reported check you wrote out is about 250 grand. i don't know what it was, but it is still prohibitive for most folks to get the chance all of you are. how soon do you think that average folks will be able to a afford a trip like this, get an opportunity like this? >> what do you think, glenn? >> yeah. so i think equity and access is something we have to think about in everything. i think about it in medicine and health care every day in my profession, and i'm not going to try and predict when it's going to happen, but the point is this industry, these opportunities for us to travel to space is about accelerating how quickly we can get access to space for everybody and how we can democratize the benefits of space ask space technology for as many people on earth as we can. that's what's so exciting as a paying customer to be able to contribute to. >> yeah. i mean, space has always been

the domain of government, and it's quite remarkable that in 2021 there's going to be five private space flights. so i think in 50 years we'll look back and go this was the beginning of, actually, the public's movement into space. and so i think it's a really exciting time to be doing this with this crew. neil: you know, william shatner, you are, you know, obviously an iconic figure, well known, 30 books, of course, a lot of people hearken back to your star trek days that turn out to be a hit that lingers to this day, but you won't be the first actor in space. i mean, as you probably herald, a russian actor -- heard, a russian actor and director are now filming two weeks on the international space station. how do you feel about that and those in the entertainment business doing what you're doing? >> well,, well, he's there doing a job, and russian to english is

very difficult. [laughter] that's my way of saying of course the entertainment industry wants to dramatize what's going on because what is going on, our liftoff and weightlessness and return to earth is very dramatic. and filled with a certain amount of possibilities, different outcomes are possible. and to record this and to dramatize it and to speak about it is very important. so it doesn't matter which language it's in except that there are more people who speak english than speak russian. neil: so when you get a chance to be up there for the ten minutes that you will, what's the first thing you're going to want to do? >> i'm going to look out the window, neil. i'm going to see the vastness of space and the fragility of the earth, and i'm going to continue that theme in my thinking and in

my work. neil: that's a good goal. >> the view that bill is describing, it's been seen by fewer than 650 people in the entire history of the human race, so it's a real privilege to see it, and we can't wait until more of you can go and experience the same thing. neil: well, a whole world very proud of all of you and enjoy that flight, very special flight at that. congratulations. >> thank you, neil. >> thank you. >> thank you. neil: all right. because of weather their flight will be delayed an extra day. they were supposed to take off tomorrow, they'll leave wednesday, so they have to sort of cling on to earth -- [laughter] for another 24 hours. cling on. okay. more after this.

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♪ neil: you know, after talking with william shatner, so nice that so many of you have already

volunteered charlie gasparino for the next trip into space. that's love right there. >> beam me up, scotty. i was going to say, beam me up, scotty, right? shatner looks amazing. neil: 90 years old, amazing. amazing. yeah, absolutely. >> i mean, he was, obviously, huge in the '70s, and he remains huge. speaking about the 1970s, neil, inflation is obviously coming -- neil: oh, i see what you did there. you did the '70s thing, brilliant. all this on basic cable. continue. >> and, by the way, you're 70, aren't you? neil: no, i am not 70. all right, go ahead. [laughter] >> i learn from the best. neil: yeah, i bet you co. [laughter] >> so what we have here is another '70s phenomenon that i'm going to talk about, and that's surging oil prices which will lead to surging gas prices and a lot of other high energy prices.

and, you know, neil, this is a segment that will show you, demonstrate why the middle class and the working class get screw on inflation by rich people that could benefit from inflation because they play the markets. what's happening right now is you have esg constraints, regulations by government causing a lack of supply in oil. it's happening across the world. you also have increased demand for the product because we are coming out of this pandemic by every measure, we are coming out of the pandemic, people are going back to work. you throw that together, you have higher oil prices, and you're going to have inflation, and it's going the hurt the working and middle class. and here's how it's probably going to benefit people that trade stuff, that trade commodities, trade stocks. because what's fascinating about all this, neil, is that usually when oil prices go up, traders are telling me for some reason tech stocks go down, they're counter-cyclical to each other. you can shore tech.

people are going long tesla amid this runup in oil. and, by the way, the runup is pretty amazing unless you look at the runup in uranium. there is now a feeding frenzy going on for uranium which is, which even a hedge fund is out there buying the physical commodity the because they're betting that nuclear power will make a huge comeback as energy finish as these governments crack down on certain types of investing on the fossil fuel industry and we come out of the pandemic recession. so lots of ways to make money on oil rice if surge. -- price surge. i'm hearing that this thing is not going to edge soon, it's secular, and it's all about government policy and, of course, coming out of the pandemic, one of it is bad. the government policy. the other part is good, that people are going back to work again. but it's going to continue. there'll be winners and losers. average people will get hurt on this, unfortunately, and it's a

horrible thing because inflation is a tax on the working class. rich people who though how to play markets -- who though how to play markets and buy and sell commodities will headache money on this, buying certain things, buying funds that invest in uranium, buying tesla's stock the which should keep going up and other ev vehicles, shorting tech. neil, back to you. neil: all right. thank you very much, commander gasparino, following all of those developments. in the meantime, we should tell you that if you want a good idea how the midterms will go, you might want to focus on the virginia gubernatorial race in three weeks. i'll explain after this. ♪ -- bang, bang, i am the warrior. ♪ well, i am the warrior -- ♪♪

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♪ neil: well, it wasn't expected to be this close in virginia, but it is. a dead heat for the gubernatorial contest here in a state that has turned purple, some would say outright blue. that might not be the case. mike emmanuel on the race that has everyone saying maybe it's

telegraphing next year. >> reporter: it's gotten to be a red hot rah race and likely a fight to the finish three weeks from tomorrow. the real clear politics average has former governor terry mcauliffe, the democrat, up 3.5 over republican businessman glenn junken, that's in virginia which joe biden won by 10 points, and that that has gotten the attention of national democrats and republican from. it's also where education has been a huge focus in recent months. >> but electing him, dividing children, dog whistles, creating racist -- i mean, it's horrible what's being done, but he will take money from public schools and put them into private, and 43,000 teachers will be gone. >> reporter: mcauliffe raised some eyebrows when he said he doesn't think parents should be telling schools what they should teach. in recent months, school board meetings in lowden county, virginia, have been the center of the fight over controversial

books in school libraries and critical race theory. youngkin says he will restore confidence in education. >> parents are exercising the absolute legal right that they have in virginia. there is absolutely law in virginia that says a parent has a fundamental right to make decisions concerning the upbringing, education and care of the parent's child. that's virginia law. [applause] >> reporter: youngkin aides insist the race is even closer than the polling suggests. neil? neil: mike emmanuel, thank you very much for that. you know things are getting dicey for democrats when no less than bill maher comes out this past weekend with a warning. take a look. >> easiest three predictions in the world; trump will run in 2024, he will get the republican nomination, and whatever happens on election height, the the next day he -- election night, the

next day he will announce that he's won. he's like a shark that's not gone, just gone out to sea. neil: and went on to say don't dismiss him out of hand each though he's slightly to the left commentator, e on that, good to have you back -- ethan, good to have you back. what do you think he was saying, don't underestimate the guy and the high likelihood that republicans pounce not only next year in the midterms, but conceivably win back the white house? what do you think? >> well, i think he was serving a strong message, and it was really an alarm to the democratic base which is that we have to stand the up for voting rights. and this is actually an alert to congress that all these states that are undermining election law and disenfranning voters needs to be handled at the federal level. that was part of the reason the democrats elected these people to washington, including president biden. and it's an alarm letting people

know we need to get these things done. neil: all right. well, your view of disenfranchising is really in the eye of the beholder. i will raise with you the notion that donald trump is all but running right now for the presidency, and given joe biden's anemic poll numbers, he's in a whole lot of trouble. isn't that bigger concern among democrats, not just that the president could lose, but he could lose to the guy he beat? >> i'm not sure that that's the concern of democrats. it's way too early for that. we have to stay focused on the midterms and the way we win the midterms is to actually get our party to pull together, find compromise amongst the different groups because we are a very big, broad tent -- neil: but it's also about independent, right? that's the support that's been cut in half for joe biden. and you quite rightly say history shows it's very, very early. at this point in his presidency, ron reagan was looking

increasingly like a one-termer. we know how that worked out. but the point is the democrats do appear to be in trouble. how can they correct that a? >> yeah. and, again, the most important thing is to pass these key pieces of legislation, the infrastructure bill, some compromise on the build back better agenda, whatever that ends up looking like, but it needs to be done, and it these to be passed. neil: so you don't have any fear that it could be -- add to the inflationary pressures and boomerang on democrats? be careful what you wish for, some of your more moderate members are afraid of just that, that it's going to hurt them in the midterms. >> i don't think this type of legislation hurts the democrats. i think it's ab important topic because it's not just based on what democrats are are doing now. this is a rebound out of a pandemic that was his handled by our government. so -- mishandled. we look at the global supply chain. i've work for some of those companies, neil, and the global supply chain's been severely

disrupted which is putting a lot of that pressure on inflation. and then the energy prices, look, if we actually address what needs to happen with energy production in this country in an aggressive fashion, those oil prices become less and less meaningful if we're able to produce more of our own energy from alternate sources. neil: yeah. but we were producing a good deal of it with our own sources. and i could be, you know, absolutely all in on all these other energy alternatives. do you think in retrospect the president abandoning the colonial pipeline and fossil fuels in general at just that moment compounded our problems? we're all but begging opec and opec+ countries to produce the oil that we're not. >> yeah. so i agree with you, and it's because we need to pass more legislation, and we need to stop with an exclusive focus on solar and wind. we have almost unlimited geothermal energy potential in the united states, it's endless -- neil: so all in, go ahead and explore all of them.

you would subscribe to this. >> yes. neil: okay. really quickly, this is a more personal question, but the fear that the president hay be losing his fastball, that he's appear being old, that he's appearing out of it. now, the closer i get to that kind of age, the less critical i am of that behavior, but having said it, are you worried about that, the president's performance at press conferences, his speeches where he stumbles, that age is showing here? some of your fellow democrats are worried. >> i'm not sure if i'm worried about it. i mean, look, anytime the president isn't giving a perfect performance, obviously, it's easy to jump on that. however, the key here is really what's happening behind the scenes and, again, if he can come through with the legislation. neil: got it. we shall see. i have more to ask you, but i forgot. we'll have more after this. >> thanks, neil.

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♪ ♪ ♪ ♪ neil: elvis is in the building. charles payne is here now. charles: thank you so much, my friend. good afternoon, everyone, i'm charles payne, i'm in the bidding and this is "making money." markets kick off today. a real tug-of-war. big spike out of gate. followed by another big spike higher. another downdraft. this could be setting up what happens for the market the rest of the year. position something everything. i have very best market watchers, traders to help me out. the swoon in purchasing power. that is also real. people are getting desperate.