the dow is up. the nasdaq is up. the s&p is up, not by much but they are up. they're in the green. big story we're always following for you, energy price inflation the price of oil this morning above $80 a barrel all over again. gas prices have gone to 3.29, sorry, 3.28 as a national average. still 4.44 in california. neil, it is yours, take it away. neil: we'll follow the price optics, stuart. southwest airlines, four days just absolute torture for flyers who have been all but stranded there are some signs things are improving albeit slowly, tentatively. jonathan serrie from hartsfield-jackson international airport in atlanta georgia. how are we looking at, jonathan? reporter: neil, things rim proving. the lines are not nearly as long

as they were across the weekend. according to the tracking service, flight away, southwest has canceled 89 flights today. a big improvement from yesterday, when the airline canceled 400 flights and sunday when the figure reached 1000. over the weekend frustrated passengers posted videos on social media showing long lines at kiosks and empty baggage carousels. >> we woke up, our flight supposed to be 3:00, got pushed back to 12 in the afternoon. then got pushed back five in the afternoon again all within the same day. reporter: initially the airline blamed disruptions on bad weather and air traffic controls issues. the faa pushed back on the idea that its controllers were a significant factor in southwest problems. the disruptions began shortly after the union representing 9,000 southwest piloted is the federal court to block the airline's vaccine mandate. however both the airline and the union, say flight delays and

cancellations were not by any employee demonstrations or sick-out. >> what we're seeing is failures of internal processes as well as i.t. issues that don't support the size that the operation has become. reporter: the company issued in statement, southwest airlines extend as tremendous apology to our customers and employees for the flight cancellations and delays which occurred over the weekend and on monday. the airline says it is working diligently to restore 100% service. go back to its regular schedule before the end of the week. meanwhile the pilots union says its members will work hard during the upcoming holiday travel season to make sure that southwest customers get to their destinations safely and on time. neil? neil: took a few days to issue that apology though. jonathan serrie, thank you very much, jonathan serrie following those developments. we hope if you are among the thousands stranded you won't be

stranded much longer but flyers tend to have very long memories here. you don't need a long memory though to see what is happening on the energy front with oil and gas prices continuing to rocket and maybe indications that all of this sticks around for a while. jeff flock following it all in pennsylvania. jeff? reporter: we've been watching it for a while particularly today, neil, as we look at the national average of about 3.28, 3.39, a dime more here in the suburbs of philadelphia. take a look at the price of oil though, all day today. trading mainly above $80 a barrel. about seven years ago we were trading at that level. no indication we're coming down anytime soon. as we said the national average for gas prices 3.28 right now. that is up 8 cents in just the last week, up about 11 cents since a month ago and the dollar and 10 cents since this time last year. yeah, if you look at the chart,

nothing but an increase and it is almost like a frog in a pot i guess. we're starting to feel the heat though. we may be boiling soon. it is driven by the price of oil. if you look at the factors most analysts point to in terms of why prices for oil are rising, one, we got a recovery and we don't have a recovery, got a recovery in demand, not a recovery in supply. opec not really doing its part despite admonitions with the biden administration staying pretty firm not increasing out put. there is the fear because of increase in natural gas prices we mentioned yesterday that oil will be used for power in places like europe where natural gas is just through the roof. finally the focus of the administration on green energy has taken some investment dollars out of exploration. so the fear is nothing but higher prices for oil. this at a time i point out, neil, when prices for gas

usually come down after the summer. we're watching. neil: not happening so far, is it, my friend? thank you, jeff, very, very much. jeff flock. hiccup economy. that jobs report was a big disappointment. concerns that consumers will slow down and the backdrop of rising prices. we used to call that stagflation. it dominated the carter years. a lot of folks are saying it could become a very big consistent and stubborn theme in the biden years. michael goodwin joins us right now, "new york post" columnist, fox news contributor. michael, i don't know if it is too soon to use the stagflation term but others are beginning to whisper it. what do you think? >> well, neil, it is certainly moving in that direction with gas prices up and job creation down. food prices up, general inflation up and what looks to be a slowing of the economy. so those are the two main

ingredients. i would add that brit hume said something interesting yesterday when you're president you have the problems come to you just because you're president and then there are problems you create for yourself and i think right now with joe biden we're seeing both. we're seeing sort of an ideology, idealogical driven agenda and then you have these issues around the world not necessarily in anyone's control or anyone's responsibility but they are all happening at once and so you're seeing this refusal to drill, this calling on opec to drill more, and yet canceling pipelines in america, banning drilling on federal lands, new drilling. so you have this combination of policy which i think is making things worse and then the government spending certainly adds to inflation. so there is a real effort here i

think by the biden administration to pursue an agenda that is backfiring on the american people. neil: you know think about it, michael, regardless what people's views on climate change or clean energy i think most people could have accepted or probably would have accepted a president who was all-in on clean energy, you know, whether it be solar power, wind power, whatever, not at the expense of something that had brought us to energy independence where we didn't need to rely on opec and opec plus countries to produce more oil. the irony in since that edict to shut down the colonial pipeline, to de-emphasize fossil fuels we put ourselves in this position where we're begging our enemies so to speak to do the job that we won't. it's weird. >> it is and that's the idealogical component to this, that somehow we have to tamp down on fossil fuels at any expense and so that leads you to

make these decisions that have no record to the consumer, to the american people at the end. so, look, we all want clean air, we all want clean water. america has been getting there steadily for the last 50 years but to do it in an idealogical way that takes no heed to the economy or its impact on ordinary families, i think it is very destructive and it undermines the entire venture because then people say oh, green, that just means more expenses for me. what benefit do i get out of that? that's right now where the biden agenda is sitting i think at this crossroads. neil: you know what is kind of weird about it too, michael, if you step back, generally inflation, at least some of the major bouts we had of it, particularly in in the '70s, it started in 73 withoil, opec embargo, it started with equivalent of a similar embargo under jimmy carter but it

quickly, quickly spread to other areas. the same pattern here. what we learned in both cases it is not short-lived. it is not transitory. jimmy carter found out the hard way. do you think president biden will as well? >> well, you know, i don't have a lot of confidence in joe biden receptiveity to bad news. this white house is somewhat opaque and you don't know really what the president is doing or thinking or even who he is meeting with on a day-by-day basis. we see very little of him. he doesn't answer many questions. certainly at length. so there is a kind of a opaqueness about this white house that adds to the mystery as to why the policies are being pursued. you talked about energy starting the ball rolling and you know, with so much transportation involved, internationally as well as nationally, getting goods to markets, getting pieces

and items used in manufacturing, shipped from here to there whether it is from china to new york or from california to michigan with fruit and vegetables transportation is fundamental to everything we do now in this globalized economy and so when transportation prices go up it has to by definition trickle down into the price of everything that moves. neil: it is happening as we speak. that is the process. we saw it in the early '70s, again late 7 '50s, -- late '70s. to your point whether it is out right stagflation. history may not repeat itself but sure the heck is rhyming. michael goodwin, always good catching up with you, i appreciate it. you heard by now that jon gruden out over emails, probably

misogynistic emails. what you didn't realize the emails were a few years old. be careful what you write because it has a way of coming back. ♪. (vo) while you may not be running an architectural firm, tending hives of honeybees, and mentoring a teenager —

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♪. neil: all right the las vegas raiders will now have a new coach because jon gruden who held that post and seemed secure in that post is out over some emails he wrote years back that were deemed homophobic, misogynistic, pretty much anything in between. the latest from jeff paul in los angeles. jeff. reporter: neil, this started with one email using a racist trope. quickly snowballed into a separate investigation that uncovered several more offensive emails said to be written by gruden. that trail reportedly showed a pattern of homophobic an misogynistic language toward players and even the head of the nfl. dryden issued this statement, i have resigned as head coach of the las vegas raiders. i love the raiders and i do not want to be a distraction. thank you to all the players

coaches, staff and fans of raider nation. i'm sorry i never meant to hurt anyone. gruden stepped down shortly after a report on monday revealed excerpts from a string of emails sent between 2011 and 2018. among some of what was written gruden reportedly used a homophobic slur toward nfl commissioner roger goodell and made fun after team that drafted a gay player and using disparaging language when referring to female referees. this started on friday. back in 2011 when gruden was an analyst with espn he made a comment about the size of nfl player association executive demara smith lips. at the time gruden defended himself. this is what he had to say on monday. >> can't remember a lot of things that transpired 10 or 12 years ago but i stand here in front of everybody apologizing. i know i'm not, i don't have an ounce of racism in me. i'm a guy that takes pride in

leading people together. reporter: following gruden's resignation, nevada governor steve sisolak weighed in. saying that hate has no place for the state of nevada. raiders special teams coordinator is reportedly stepping in as the teams ininterim head coach. neil: jeff paul, thank you very much. let's go to civil rights attorney brian claypool what do you make of this, the email cited was a year ago, latest, 10 years ago? >> i represent a lot of african and hispanic families as a civil rights lawyer. on the face of emails it looks really bad. there should be repercussions for it and what i'm struggling with, neil, the lack of any copious investigation surrounding this thread of

emails goes back 10 years. you mean to tell me nobody in the nfl knew about the email back in 2011? are you kidding me? it was part of the washington redskins transfer of emails. so -- neil: that's right. in that batch, right, this was discovered or brought to some peoples attention but then it escalated from there, right? >> exactly. just so your viewers know, it started with an investigation of the washington redskins alleged sexual harrassment within their organization and then the email that gruden sent was to a washington redskins executive that was inflammatory. but my point is this, as a civil rights lawyer, we're all entitled to what is called due process. i was on your show a while ago with former governor cuomo. you remembers sexual harrassment allegations and there was a detailed investigation and he faced the music. there is due process rights afforded everybody. i feel like because this is las vegas, because this is the

nfl trying to preserve a multibillion-dollar business and vegas trying to preserve its multibillion-dollar gambling business, that this is a knee-jerk reaction. i'm not saying gruden shouldn't be terminated but there should have been much more detailed investigation. neil, why not go back to interview some of the players? paul these guys, interview the african-american players that played for gruden for 10 years. because if you're a racist, there will be some other thread of your animus behavior over the years. you will have players complaining about how you're treating them. neil: right. >> i haven't heard any of that. neil: you know what is interesting, too, brian, that, all of this coming to light because he wrote this stuff. you can talk about whether he wrote it in 2011 or 2018, but he wrote all of this and we've learned since, obviously, we don't need to be reminded anything you're saying online stays on line. it doesn't disappear.

and i think of people like the former mcdonald's ceo easterbrook. neil: famously was trading dalliances online with an assistant. then it was caught online. there are many examples of this. and yet we never seem to learn from it. >> no, that's a good point. i was think about that last night. i mean how dumb of that for gruden to put something like that in writing. it is permanent. you're right. but with that said though, neil. we get back to another issue, which is, what is the exact context of these emails? by the way not condoning any of these emails but is it within the workplace? are these emails directed at players within the organization or employees within the organization? is there unfair treatment that is being levied against gruden against, blacks or women?

that is -- neil: he was talking about emailing friends or colleagues, i have no idea this would get much, much wider exposure but that is always reality you have to face. i'm thinking of the former miss america ceo sam haskell saying disparaging things about you know, some of the contestants. now i don't know to whom he was addressing these but obviously it wasn't the contestants. it wasn't a wider audience. he was caught saying this, after the fact had to leave because he did. and we see this play out again and again. as a top-notch lawyer in your own right, regardless of your feelings are on issues like these, advise us, what is the best thing to do? >> well, i mean, you mean for gruden for anyone? neil: for anyone thinking i might say something, what is in a e-mail that might not be nice but you have to assume that a wider audience could read this, right? >> that's right. that is a great point. i was think about it this

morning. there are probably a lot of people, neil, across the country that might feel the same way as gruden about whether a female, for example, should be a referee in the nfl. but to say it one thing. to put it in writing is one thing. we all aren't going to think alike on these issues but when you put your thoughts to paper, when you convey it to somebody that hears it, that does change the playing field because that now is infiltrated into the employment setting and it really is hard at that point then for the employer to ignore it. how can i have you, gruden just said on your tape there, i'm a leader, right? neil: yeah. >> well you can't be a leader then if you put in writing that you have animus against blacks and women and potentially gay folks. neil: hearing you, brian, you're a very good read of this thing, there are a lot of people out

there, i don't do it right now, i used to write incredible things in my email and texts, i don't do it anymore but it is out there. so how should they handle this in this environment, where things are scrutinized sometimes many years back? >> i don't know how you can go back to erase a email you sent years ago. neil: you can't. >> i think what you have to do is think about, i remember years ago i was on tv commenting about a tweet, neil, a tweet, somebody made ended up being sued for defamation. their defense was a couple drinks that night, you shouldn't have sent it. bad news for you, you did send it. people need to be mindful, anything they put in writing, a post on instagram, facebook, twitter, an email to your buddy, that could be a permanent fixture and that years later could be found and that could lead to you losing your job and your career. real quick, neil, the thing that

is odd about the nfl is, i'm not condoning any of this but it is a macho sport. they teach players, go out, hit people. hit them as hard as you can. they want a coach that is a leader and you know is macho. that, that is not an excuse for gruden but i think he got caught up in that environment, like i'm a macho, tough guy, leading the raiders and whoever he is coaching before and i'm going to put this in my email i can get away with it, this is the nfl, a violent sport. bad news for gruden. doesn't matter what kind of a sport it is, or the playing field that you're on, you put something like that in writing, like you said, that is going to last for a lifetime. that could affect your life forever in a detrimental way. neil: you're right about that and we're seeing play out again right now. brian claypool, thank you very much. we tell our kids, watch what you're write, at least on the

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neil: hear a lot about the supply chain crisis. comes down to this. things are not getting to us. regardless where they should be coming from, they're not getting here. there is a wide list of goods that could compromise what we have under the tree during christmas. including the tree during this christmas. william la jeunesse in long beach, california, where a lot of these goods are spoused to make their way. what is the latest, william? >> it is, neil, as you mentioned a global problem, probably playing out most visibly here at the port of long beach and los angeles. there are 143 ships right now just off the coast. some, like this one, are at a dock, being off-loaded. some are anchored outside in san

pedro bay, off the coast, waiting in line to off-load the cargo. if you go over to the other side of the pacific rim over in shanghai, there are more ships over there, waiting offshore. waiting to get reloaded. then here, we don't have enough truckers. container traffic is up 30% here at the port. trucking capacity is only 8%. the port of long beach tried to go to 24 hour clock, if you will. there were not enough trucks to handle the container so they blew it off. warehouses in southern california, 98% full. rail yards, average turn around time in february was six days. nationally, nine days. l.a., 16 days to get containers out of the rail yard. during the pandemic, obviously demand fell like a rock. they didn't start manufacturing stuff, because they didn't want to put the capital money when it was coming back. now it is, and we don't have the

capacity to handle it. >> so we're seeing a 4-x increase for containers coming in and we're seeing 75% increase on rates coming out. it is not good news for any shipper. great news if you're an ocean carrier or truck rider. reporter: supply chain really is just the ships, trucks, rail yards, dock workers, all of that. there is stress in every link of the chain. why is it costing more? three years ago a container from china is two grand. to the west coast it is 13 grand. to the east coast, $19,000. of course you know, people say hey it is made in america, assembled in america. you and i know, neil, probably one part, maybe pedal to the bicycle or the computer chip in the ford is not in one of those containers. the reason we're not seeing it on the shelves, or roughly empty. bottom line, neil, you're not going to get when you want it,

or it is going to cost more. that's the bottom line neil? neil: lovely, lovely. thank you very much for that, william la jeunesse, following those developments. some retailers are doing right now, you know, sort of contracting their own cargo ships to get around this, but the latest wrinkle on that, they can't find cargo ships. they're in short supply. i kid you not. take to you washington, d.c., where the house is taking up the same measure that the senate did last week, debt ceiling couple months before we revisit all of this. aishah hasnie following all of that on capitol hill. ashiah? reporter: neil, that's right, the house returns to 5:00 to pass this 480 billion-dollar bandaid you can call it for the next two months. we are expecting it to sail through the house without republican support. >> the secretary of treasury has a credit card that is maxed out. instead of finding a way to pay

the credit card off all they think to do, you shouldn't limit how much i can spend. >> kevin mccarthy knows perfectly well the debt ceiling is not paying what we're doing in the future. it is just about paying the bills we incurred in the past. reporter: neil, republicans are aggravated over senate majority leader chuck schumer scathing comment about the gop last week as 11 republicans were helping him bass this debt extension. it was a deal struck with schumer and mcconnell to, get dems to put a number how much they're willing to extend america's debt but mcconnell said he will not do that again when this short-term fix expires. come december 3rd, yep we're right back to this crazy stand-off. democrats dealing with their own issues. house speaker nancy pelosi, still trying to pass the president's multitrillion dollar social spending and tax plan. she has until halloween somehow bring moderates and progressives back together on this, yet,

neil, they still don't have a top line number today, let alone what programs they might want to cut or keep. pelosi just a short we'll ago urging members to focus on a few items that they can do well rather than packing it with a ton of programs. here are one of the ideas, suggestions being floated around. listen. >> timing would be reduced many cases to make the costs lower but it is only in such a way that does not undermine the transformative nature of it. reporter: neil, it is wild, because some of these negotiations are happening in public view. aoc tweeting within the hour here, quote, we cannot negotiate the reconciliation bill down to nothing. she still wants to fight for funding for immigration and affordable housing. remember, pelosi can't pass the bipartisan supported infrastructure bill without passing this one. to sum up what is happening today. democrats will be able to raise

the debt ceiling. they will say it's a big win, a big victory. don't be fooled because they still, their agenda still very much in limbo right now. neil? neil: ashiah, thank you very much. following all of that. that vote scheduled tonight. part of the requirements the governor has to live on 480 billion-dollar allowance for two months and do not spend a penny more. i already crunched the numbers here what the day fee is to keep the government going. we'll run out of money in 32 days. again a billion here, a billion there relax. bob doll, cross mark chief investment officer, bob, if you think about it, we'll revisit this in early december, there are signs here, true to their path, they book this off to the last minute. what if something goes wrong here? what if they screw up something? what if we default? >> that would not be a pretty day, most observers are saying

look, it is always a drama, it is always chaotic but we get it done. i think democrats have had their warning from the minority leader in the senate and at this point now it is going to be, they better include it in some reconciliation package but you're right, we won't know until probably the 11th hour which will make market as little nervous. as you saw prior to this extension, you saw that the front end of the curve move up in yield, in anticipation of, we don't know? neil: we still have a ways to go in october here. but it has been a little rocky, a lot has to do we're told with concerns about inflation, spreading your credit, when last we had you on, you're looking at inflationary pressures, not convinced they would be transitory. turns out they're not. now we're hearing from the atlanta fed president, rafael bostic who is saying pretty much that there is big news on inflation here. it will not be brief.

that is a key federal reserve player saying that, others must echo that view, what do you expect the fed does? >> i think the fed will move its dialogue from oh, don't worry about inflation, it is transitory to oh, we're a little concerned about it. some is lasting a little bit longer. that will force interest rates out the curve to go up some. we've already witnessed that as you know. even in the days where the stock market in recent weeks had difficulty and down a bunch we saw interest rates move up, neil. i think the bond market coming to grips with inflation is not going back to 1 point something percent anytime soon. stocks, their p-e ratios, valuations don't like that so much either. this is why we're in this sloppy transition period. chop one day up, next day down. neil: you know people have been rewarded for buying on the dips when this sort of stuff happens,

particularly more often with technology stocks. how do you advise clients on that buy the dip mentality? >> i would certainly not chase them that so that leaves buy the dip or be patient. i'm at a point, be patient. you have doubled your money you've been in the stock market the last 18 months. if you want to take a little off the table if we get a big rally, that is fine. we have a lot to sort out. we have covered inflation. prior to that the chaos in washington, d.c., on the fiscal side. we don't know what the fed is going to do. we don't know who the next fed chair is going to be. that is in question. we have, i think the market is marking time looking for third quarter earnings. i think there would be more mixed. a lot of companies talk about inflation. a lot of companies talk about the supply shortage. so the numbers will still be good, neil, but nothing like 90% in the second quarter. i think the market is going to mark time for a while here. neil: real quickly, producers get mad, i love having you to

pick your brain, jerome powell, the market reaction if he is not reappointed, what do you think -- >> i think, markets, neil, as you know do not like uncertainty. we have enough uncertainty around the fed as they move from the best friend to the worst enemy over the next couple of years. would like to know who is steering the wheel. neil: got it, bob doll, cross mark chief investment officer. you saw the 10-year note, just under 1.60%. let me ask you a question here. would you pay almost $15 million for a home just to tear it down and make a bigger home? it is the latest trend, after this. ♪

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♪. neil: let me ask you something, would you pay millions of dollars on a fan think shmancy

home, just to tear down the million dollar home to tear down the fancy-shmancy home? it is the rage in hamptons. at least the high net worth areas. we find our madison alworth in new york. madison, what is going on? reporter: neil, you said, people are buying up whatever they can get their hands on includes luxury property like this one in southhampton. this is gorgeous, eight bedroom, seven bathhouse, can be yours for under $15 million. people looking at this home don't even want to live in it. they're looking to do so much more. i'm here with jenny who represents this property. jenny this is gorgeous space, what looking to buy what do they want to do with it? >> it is funny they want to tear it down, live here couple years, and build their dream home. there isn't much supply around. >> we've seen the supply is short across all price points

including lurksry. i'm not just saying gorgeous home. brad pitt, angelina jolie have rented this home. it is good enough for them, why is it good enough for today's buyers? >> everyone moved here during the covid, more of a year-round place, as opposed to crash in your beach house for memorial or labor day. people are more discerning. they have a lot of money. they just will tear it down. reporter: this is not just happening in the hamptons, it is happening across the u.s. home sales up over million dollars, sold 329,000 homes in that price point. people want to tear it down and build something new. that is a 40% increase from this time last year. i think this is enough space, neil, for me, but not for the people looking at a nearly 15 million-dollar property. back to you. neil: do you know, madison, is the home older? do you know anything about it? doesn't look very old to me. looks like it is in pretty good

shape? reporter: yeah, it is an older home. it was renovated within the last four years. it is brand new inside, gorgeous, top of the line technology. people just want more space. they want to make it their own. they don't want to live in someone else's home. they want their own brand new perfect for them home. neil: tear the whole thing down. madison, thank you very much. you look very at home there, madison, thank you very much. can you imagine that. that is what i think they call a bubble right there. could be just me. we'll have more after this. of the things that matter to you most. i promise to bring you advice that fits your values. i promise our relationship will be one of trust and transparency. as a fiduciary, i promise to put your interests first, always. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com

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call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217 neil: all right. when you ask some of the world's richest people do they count their billions, they always say no, but they do. i'm telling you they do. i covered them for 25 years. they know down to the last 10-dollar bill they're worth. not all but good many. elon musk relishes knowing he is the world's richest man, eclipsed jeff bezos because of the jump in tesla's stock. he is enjoying this, doesn't susan li know. reporter: they count every dollar but look at every ranging they are on the wealth list? neil: absolutely. reporter: musk is fist pumping,

worth 224 billion. richest man on the planet. number two is jeff bezos worth $189 billion. the reason is, i went through some of the ownership here, in terms of elon musk he owns 17% of tesla. we know jeff bezos he did own roughly 12%, after the divorce that went down to 8 or 9%. he sells a billion dollars of stock each year to fund blue origin. neil: that's right. reporter: these two have battles in space, electric cars. amazon backed rivian. tesla is what elon musk owns. also did you see the cold response this week on twitter? remember when jeff bezos tweeted out, i would say celebratory see where i am now kind of tweet of this 1999 "barron's" covering calling for the crash of amazon and obviously that didn't happen but to that, he didn't get a warm response from elon musk. he kind of shaded bezos with a silver medal saying you know, second best here on that list.

got to work a little harder here. neil: a lot of them think it but don't say it. elon musk says it but. it has got to rattle bezos. reporter: if you know all the trash-talking on twitter going one way. bezos is not really that active on social media. maybe as of late he has because of blue orrery begin -- origin, he stepped away from day-to-day operations of amazon. mostly the track talking is on twitter, size of rockets we won't go there. neil: family show. li. reporter: has a lot to say. neil: susan li, thank you very much. give it up, guys, get it up. there are the social media crowd, they're their own little cottage industry. take a look at this. >> we evolved to care about whether other people in our tribe think well of us or not.

because it matters. but were we evolved to be aware of what 10,000 people think of us? we were not evolved to have social approval being dosed to us every five minutes. that was not at all what we were built to experience. neil: you know, a fascinating look at the social dilemma of, well the social dilemma, we call all the social sites all the rage but at what cost? jeff directed that social dilemma. that saul the talk, making people think about this. he joins us now. jeff, good to have you. >> thank you. neil: this is interesting, this is the same day we learned that the las vegas raiders coach is out on stuff that he had emailed years ago. we keep getting reminded of this, sometimes this technology can take us too far for our own good. facebook is wrestling with controversies about broken promises. it seems like it is entering the frankenstein stage here, what do

you think? >> quite honestly, we were calling the film, frankenstein as a code name for a while because that is what it felt like. this is a digital frankenstein we created. we didn't anticipate, not we, the industry, silicon valley, the big social companies could not have anticipated consequences how big they have gotten, how fast they have grown and real implications they have on society. that is something we've seen strongly coming out of all the whistle-blower files, documents leaked from inside of facebook themself. many of the harms, criticism, people are saying are substantiated by their own internal reserve. neil: you know the subject far better than i, jeff, i got a sense hearing whistle-blower on facebook they knew very well what they were dealing with was a drug. they made this drug so appealing, so attractive they knew the potential problems but they reaped the rewards. now it is kind of out of control. >> yeah.

absolutely. one of the statements that we used in the film is a saying within the industry, if you're not paying for the product you are the product and that applies to facebook and twitter, google, instagram, snapchat and the challenge there it is made this incentive system around eyeballs and attention, right? personalized microtargetted attention. some people call it the attention economy. others called it surveillance capitalism. this entire industry is built around extracting attention from the public so the algorithms are very adeptly designed to milk as much time and attention as possible. that is what we're seeing. we're seeing a there is a misalignment in incentives. there is misalignment in incentives for cigarettes. this is a product bad for people's health yet a financial industry is dependent on selling that product to the public. that is basically the same thing we created with social media. neil: but we're hookerred own

it, and we can't get unhooked? >> personally i stopped using all social media while making the film. it was actually a lot easier than i would have expected. i don't touch facebook, twitter, instagram, any of them. life is better. i have more free time. i have more head space. i go to news outlets for my news. look at variety of news sources for quality distributed information. i don't feel that pull anymore. i did for a long time. i think that is something where you know that is a choice for every individual to make but for me it has been very healthy not to be on those. neil: good for you, jeff. if i could put my two teenage sons in touch with you, we could have a productive relationship. >> absolutely. neil: jeff orlowski, the social dilemma took as big look at what is now a scary picture. convenient but scary. more after this.

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♪ ♪ ♪ ♪. neil: that psalm, who knew was written at the supply chain type enterprises were going through right now i had to look it up, maybe not but it does adequately explain what is going on right now in this country if you are looking for everyday products,

luck on that front ashley webster has more from porter. >> good luck indeed store shelves are starting to look bare and consumers are being urged to be patient and flexible as a logjam and supply chain including ports, trucks and rail lines are showing no signs of easing. costco and walmart already putting limits on sales of bath tissue and other paper products. also look at these pictures from the daily mail showing stores from long island new york to southern california with nearly empty shelves in stores like home depot, cvs pharmacy, target, walmart and best buy. grocery stores also feeling the pinch according to a dana analytics company about 18% of beverages, 16% of snack foods and frozen foods, bakery 18% and

candy 15% these were the stock levels down for the week ending october the third period right now 80 days to transport goods across the pacific, so much comes from asia, that time . . . 80 days twice as long as normal and near record hundred 46 cargo ships off the california coast with goods worth the billions of dollars going nowhere. by the way new retail giants like home depot, costco and target are taking the expensive step of chartering their own cargo ship so they're smaller and cost $140,000 per day, that is twice the cost of normal shipping. they told fox news this week, start buying your holiday gifts now. >> put your christmas list together in your holiday list together early get the must-have things now because they will be in short supply we are seeing a shipping crisis like we never

seen before every step of the way from where the goods are produced to the ports, to the rail lines in the trucking lines and it will not get any better for the next eight or ten weeks. neil: it could be longer than that one retail expert says 20 s pile will not make it on time for black friday, november the 26th which traditionally is the kickoff of the holiday shopping season, get used to the bear shelves. neil: is affected a ride variety of goods, thank you very much, you will have a tough time finding, it's been a problem for pool owners across the country in the world right now and it could get worse, not just core ring, the national association of chemical distributor, what is going on particularly first with the chlorine? >> is becoming a problem, it

means our members only getting 50% of the normally getting from their suppliers what that means it's not getting on rail in the minutes of polities in the water treatment facilities. i'm doing triage with our members on a daily basis trying to make sure they get the chlorine cards into their facilities and we had a couple incidents where were days away of water treatment for not having chlorine that the big deal for a lot of cities and towns of the country and i hear the timeframe with things coming around i don't see this slowing down anytime soon it'll continue to get worse for the holidays and into next year. neil: when it extends to other areas like liquid oxygen and citric acid and you're getting into life-and-death staples. >> you really are, liquid oxygen has been key for the covid you put them in ventilators for patients, liquid nitrogen is

wholly different application, manufacturing, natural gas, refineries, those types of things and then citric acid which is made in asia or primarily china and it's used in everything. neil: a lot of these are coming from asia is that the bump. >> is part of and you have the issues, one thing i keep saying we have the chinese new year and everybody thinks this is going in soon, it will continue to drag because those facilities will be slow because of the two big events over there and while it's great that vietnam will start doing more manufacturing, it takes time to get the ship across the pacific and over here, it is a mess and it will continue to be a mess and the really critical items that are folks need as become hard-to-find. neil: the president and ceo, it does not seemed like a short

moment, the same applies to the rule of thumb that we call supply and demand there is only a whole lot is applied whole body demand and where is that more obvious at your average gas station the latest on that with jeff flock in pennsylvania. >> i hear it. neil: we don't have jeff just yet. kathy one of the things that you will expand on a little bit gas prices are going up you can look at the man for one reason but i'm wondering if there are other factors at play. >> thank you, first of all let me be clear we understandably embrace the importance of climate change and the challenge and proposes all of us and we have to reduce our greenhouse gas emissions that is understood and accepted and there is no

debate, the agency that works for him articulate approach that takes either. banning the production of crude oil in california only does the opposite here in california we produce under the highest strictest environment, we don't produce it here i can only come from foreign sources and imported into the state of california, what does that differ climate change it increases greenhouse gas admission because crude oil from saudi arabia, iran, iraq, venezuela, colombia, ecuador, you name it you put on a marine tanker for thousands and thousands of miles over a sensitive marine environment to get it here increase greenhouse gas admission and cause an increase to your point and the cost to consumer as a crude oil you could produce here in california. it is a frustrating aggravating

approach that the state is taking and this governor is taking who was supposed to be in charge of promoting addressing climate change and greenhouse gases in the approach that we are taking does not accomplish that. neil: do you think you seized on this oil spill and the california coast as a way to push the point? >> i think he's using the politics to push his point no matter what the circumstance because the premise that are being denied in the state have been going on for months prior to the unfortunate and tragic spill that we are very, very grateful to the coast guard and all those working to clean it up, safety and protecting the environment are our members number one priority but this is not one of our members but for our members that is our priority. there is no connection to producing onshore crude oil and let's not forget, we have 40 million people in the state of california that drive 36 million cars and trucks every

day, the same governor who wants to ban production requires us to provide them gasoline, diesel and jet fuel everything will day. when our freedoms, way of life, finances at stake we will stand up for the people that work and live in the state and whose livelihood depends on the communities that we serve depend on affordable energy. neil: you know what's weird the administration finds itself asking opec and opec plus to a production when it was cut here when we had the energy independence going for us i'm not saying you have to ignore solar and wind and all these other technologies but it should not be an either or situation but by shutting down the oil production and the recovery efforts, we put ourselves in this position where were back to digging our energies again. >> energy independence you hit

on the head and of course that we know the natural gas renaissance in the united states is the single most important reduction climate change admission switching from coal to natural gas and it improved climate change situation dramatically. to the dependent on foreign sources when energy independence was important to us and we should get back to that, it is so important that we continue our energy independence in the united states in the state of california where were blessed to have a resource where we can produce environmentally safe and economically. neil: if you want to be all in on all types of energy it does not have to be an either or choice. >> all of the above. >> will watch very closely, thank you for taking the time i think things are okay with jeff flock he is looking at plano against gas stations across the country higher gas prices is not your imagination and it is a

pattern. >> i tell you we were talking to folks the lady pulled up and said i spent $120 to fill up my gas tank, we talked to her earlier with folks in the suburbs maybe a little more well-heeled and folks in the inner-city this is what they're paying $3.40, that is above the national average and if you look at the states that are in the best shape yesterday eight states that were below $3 a gallon they are now 71 fell off the list today as prices continue to rise and maybe i'll leave you with the worst places to buy gas right now that is topped by california, those states listed are the top ten, as they say california is over

$4 a gallon in hawaii is over $4 a gallon there doesn't seem to be any let up for this at the moment, prices continue to rise and if they do the gas prices will continue to rise as well. as a indolence heads-up in the distance. neil: someone who just paid $120 for a full tank. thank you very, very much. jeff flock developing all of those elements. keeping your breath on what to do among thousands stranded still waiting for your southwest flight, leave it to the travel expert who is caught in the same snafu, wait till you hear what he did maybe you should try it, after this. ♪

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those are well into the high hundreds over the last couple of days and better than 3000 flights at the start but it's also a trend connell mcshane with more on that. >> good to see you, i like what you've done with the place. i have a hard time remembering my name. i guess i could speak to travel been all over the place lately and it's interesting not just in the particular southwest situation but every plane is packed and these airlines have a matter of weeks or a couple of months to get their act together because all the members and the projections not only people back now with the pin of demand we've been stuck in our homes for so long but everybody is planning to travel over the holidays even people who didn't last year they were looking at the search expected in holiday demand in you see a lot of people flying

last year a lot of people said i'm in a drive with the family to a close by location and more than half the people they serve it had incomes over $100,000 said that they're gonna fly this year. neil: they have crunched the numbers airlines do the numbers and yet in the case of spirit last month and now southwest who knows what is next. >> we might get a great explanation on the southwest story is something we don't 100% no but it seems like most of the stories we don't know was southwest they're denying a stakeout or something like that but airlines in other industries all come back to some shortage of people to do the work we see everywhere that we travel there's a shortage of people to actually do the jobs so you have companies going out and paying work to have people come in and do the jobs and then they have to raise prices on their customers and the cycle we were talking about earlier the inflationary environment is the effect of all of that but it

comes back to the fact that the end of the day companies cannot get enough people to work, can the airlines when everything goes into it ramp up quickly enough, so far they are choosing not to or the incapable of it, otherwise you would not see literally every flight you go one be packed in people waiting on standby and waiting to get on but the demand is back but the flights are, they're not up to full capacity. neil: how much is complicated some airlines have the vaccine demand and some pilots are wincing at that as others but what's the real skinny on that. >> if you look at the major airlines, delta, united american and the vaccination numbers are very, very high and you put in the mandates privately and people have complied for the most part. that's why the southwest story top people off guard they are denying that, we don't know there's been an online rumor but they just came out again a

little while ago and said that's not what causes this there is it problems in their system has led up to it, the vaccine side it seems with the major carriers and that's where you look at these numbers there figures are pretty good, way up in the '90s close to 100% some cases. tough to figure out. neil: it's good to see you again. call mcshane. our natural correspondent. mark murphy we talked to many times over the year he was caught in this mess, sometimes when i hear something i'm happy to hear that, he knows exactly what everyone is going there but unlike a lot of folks he knew what to do about it, always good to see you, explain what happened and what you did to get out of the mess. >> in a nutshell when i got to the national airport for my return flight i got a message to

past through security and is that my flight has been canceled and the number et cetera. the first thing i did i went on the app and i hear people talking about how they spent seven or eight hours waiting on hold best travel to even if you're doing a local thing go with the travel probe travel agent or travel advisory they will pick up the ball so you can basically take care of whatever else is going on maybe try to find a hotel and decided to stay overnight and call the agent back and message them. that's number one number two if you don't do that give it to yourself go on the up and look at the flights grab whatever you can in this environment and book it, the case of southwest and most airlines you have 24 hours to book your ticket and cancel it. what i did i went on it and saw a slight with the connection that would not get me until

midnight, i had something the next day there's nothing else available and then i can going back to the app the entire time i was in my you were going to the hotel, the next morning and literally the next day i rebooked five flights and i got one at 545 to kansas city p.m. and just ahead of that a ticket opened up to nonstop miami i jumped on it and grabbed it and canceled everything else and the irony was the flights that i booked some had already canceled in kansas city flight when i boarded my flight to miami canceled. i would've been stranded again if you have the ability to book multiple tickets, do that before you go ahead and travel look at travel insurance always a good option try to book with the travel professional and if you are on your own know what your rights are, you don't have a right when it's an act of god or whether or something outside of

the airlines control but if it's within the airlines control you have to be a very polite pass to get them to accommodate and give you vouchers for the hotel i just heard a story about a lady bringing her daughter to a neurosurgeon in miami and she could not make the doctors appointment that takes month-to-month and advanced to secure, the other one make sure you book a day or two in advance because like the reporter said it's going to get worse i believe that you have, what scary people will tell me a message me but they will not go on the record and off the record they're not comfortable stepping up, i'm talking about southwest today, when you got an industry that bailed out federal money and the mandate comes down, fyi there is no mandate, there is no executive order and there's

nothing from osha so you make these moves on your own to appease the administration that has driven up the price of your fuel, disrupted everything and when it comes around look at this as this is what happens when government gets involved heavily in the private sector and there's a word for and i can't say it on tv and it begins with cluster. neil: real quickly with that. you canceled all the other flights as soon as you walk in one venue cancel whatever else you booked, right? >> exactly. look at your alternatives for a rental car i have a nephew coming to florida to play in the qualifier for next year's pga status, he booked a couple of flights and a backup which will be the drive from baltimore to fort lauderdale should these things go arise. neil: it would be tough if you're going abroad and leisure

cars a submarine. that's a whole other issue. >> you could swim. neil: that's fascinating i got around this but what a nightmare. mark murphy following all of that. we will continue to look at southwest and the updates that is given, the worst is over right now but a lot of the passengers still stranded with flights increases as a result and hopefully it starts turning around the other way but it is still early. more after this. ♪

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whole covid-19 phenomenon that is taking 700,000 american lives better than 5 million across the planet in there looking in the darndest places rich hudson with more from the state department. >> good afternoon the world health organization has revived its investigation into the origins of the covid-19 pandemic and persisted stonewalling from the chinese government the w.h.o. requested access to investigate this area with 37 some odd miles of caves in a province in china that's according to the washington post that reports the chinese government denied the request while also allowing tourist to visit the area. >> you cannot get access if your w.h.o. scientist but if you really believe this was natural origin and it came from a batcave you would not allow people to go is tourist to the batcave's.

>> republicans are pushing for democrats to investigate whether this pandemic began in nature or the wuhan institute of virology and if create money funded dangerous research at the lab republican on the house foreign affairs claimant as veterans reports to a leak from the wuhan institute of virology the biden had an inconclusive intelligence review and different to the w.h.o. investigation the washington post editorial board wrote the initial efforts such as a joint china w.h.o. mission in the u.s. intelligence community report raised more questions and the answer no investigation will succeed as long as china's doors remain shut the silence is deafening, some republicans called for sanctions and penalties against china for refusing an independent investigation some are calling for a boycott to next year's olympics. neil: thank you very much this does follow a pattern according

to our ambassador poll about xi jinping in the quest for chinese secrecy, take a look. >> they are quite willing to hurt themselves economically and financially in their markets going after the biggest success stories and tamping them down i don't know if wall street appreciate the magnitude of that, your thoughts. >> i think you're right they are going after the goose that lays the golden eggs but when i say they it xi jinping in antiquity doesn't like is people who are more powerful than he is in the power-play the put these bullies in their place. neil: he was referring that the chinese government to punish their most successful companies in the guide to run those companies even at the risk of hurting china's economy and the

financial markets themselves there is a pattern to this behavior from that seems to focus more on the brute military might than the capitalist promise, robert delaney washington bureau chief, it is interesting with a stark reminder that when push comes to shove china is okay shoving it side the successful companies and players in the name of control, what do you make of that? >> we see a lot with beijing with the state department and also capitals that the of the

rejuvenation of the chinese nation. the past few days we have seen a sharp uptick in the number of jets going -- pla jets buzzing around the air defense identification zone in taiwan which becomes a very sensitive issue that the u.s. military is paying attention too, it is not only what the chinese government is doing with respect to tech billionaires were what it's doing, it's rejecting any criticism regarding his policies and the national security law and hong kong and what we see most recently in the taiwan strait, that goes back to the idea that the current leaders xi jinping is adopting these very hardline policies in disregarding much of washington

and most of his allies would think. neil: do you think, if you think about the hundred missions at or over the taiwan airspace and they close consistently, anything can go wrong it is shocking that nothing so far has, they have very little to fear from us what they're thinking were not going to do anything what is your calculus? >> the calculus at this point i think they are realizing that the strategy that they should be adopting is not to just prepare for a full-scale attack as a military assault on the island what they are trying to do is manage this increase in the air defense identification zone. you also see reports for example

of how the u.s. has sent military advisors from the marines to taiwan to help advise them but of course the u.s. will not confirm what they're doing there i think what it comes back to with which administration whether the republican administration and even in the biden administration we've got washington to default back to the one principal. they are urging. there has never been an ironclad assurance that these u.s. military is going to intervene in china doesn't fact try to retake the island.

of course with the uptick in flights near the island you are right when you say anything to go wrong, it used to be that taiwan would intercept for them. they don't know whether they're being miscalculated, everyone is trying to figure out how to respond to china's new strategy. neil: i don't know what that ultimately is, thank you robert, we would love to have you back to see this evolve because it does seem to be evolving. in the meantime bitcoin, worthless investment, not worth the time, what jamie dimon had to say that does not quite match with what his firm is doing. right after this. ♪ thunder, feel the thunder ♪ ♪ lightning and the thunder ♪ ♪ thunder, thunder ♪ ♪ lightning and the thunder. thunder, hear the thunder.

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the green light for bitcoin and you will probably transfer from a regulatory standpoint back to 2018 when gary gensler and mit professor and mit had a special group, a think tank at mit that was very heavily into the bitcoin block chain he was advocating for bitcoin back then and will happen after that 2018 a few months later there is a guy who gives a speech he ran corporate finance at the sec where he argues that bitcoin does not need to be regulated by the fec, along with a engine if cerium that's were you trace the modern regulation of bitcoin a block chain in the sec with these meetings between chancellor, clinton and clinton actually sued when he was sec chair because there crypto.

what you have is sec after and two of these things security's, not securities, but others might be the, that's where we are today chancellor's tried to get his arm around it and on top of that jamie dimon throwing a curveball saying this thing is worthless. neil: do you think you saying that as a strategy to leave alone is not worth your time. >> it could be j.p. morgan talks out of both sides of his mouth is looking to develop its own crypto currency in its own platform to decentralize platform and at the same time they say bitcoin is worthless i don't know that bitcoin is worthless and may not be worth $60000 a bitcoin. neil: look at the top you were they say it might be up 100,000. >> technically i think jamie needs to better understand what he says but the big story here

with him weighing in on this, the regulation of crypto whether the fec is picking winners and losers given a free pass to bitcoin, a ethereum but not ripple and xl p, are viewers who are holding these things, they don't know which security is going to be deemed a security which means crypto and they decline in value because you cannot trade it, it's a very, located situation, i know you're into complicated situations. neil: you unravel them very brilliantly. charlie gasparino. we have a lot more coming up including governor abbott outline vaccine mandates for the state of texas people pushing the mandates are not happy after this.

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>> challenging vaccine mandates and if you're a texas governor greg abbott outright making them illegal it could be a tough bite because of the executive order

lauren simonetti following that to be in the vaccine mandate. >> even for a city, company, private employer, any entity that violates it and requires proof of vaccination for employment or a customer you're getting fined $1000 his warning from the executive order is pretty strong the biden administration is bullying many private entities into imposing covid-19 vaccine mandates causing workforce disruption that is certain texas continued recovery from the covid-19 disaster of course that is political posturing texas is doing what florida has done in some other states as well ford has a $5000 fine, any cavity that violates florida law and state law and has a vaccine mandate and now florida health officials for violating messages carnival cruise, raytheon, at&t

we are seeing republican states saying absolutely not the biden administration white house, do not tell us that we need to show proof of vaccination interstates and it is popular in some circles. neil: i discussed this i'm not a lawyer but i watched enough legal shows to qualify i think what they're up to their and uphill battle to force mandates in vaccine mandates but there thinking to the meantime especially those who are not keen on it, the counts go down in the virus cases go down and there over this. >> it seems to be the white house knows this might be decided in the court to their favorite and they cannot enforce it no matter what osha does not have the manpower to be able to make sure every company with 100 more employers is actually requiring weekly testing of vaccination, the issue here this

is what critics of what texas is doing a governor abbott you have created a divided society on its issue where most people are okay with regular vaccination i have a seven -month-old and were always going to the doctor, polio, teton, you name it, most people are fine but as it becomes polarized will we question all vaccinations not just one covid-19 vaccination. neil: some people have problems with even those. >> some do. neil: your fear is this extends across the board, the whole experience. >> people could start to say don't tell me what to do i will decide what vaccination i will get and what vaccinations i give my children and the other issue when you look at the labor shortage particular as it affects the hospital chain in methodist they became the first

hospital to acquire cover vaccination, what do they have to say now that governor abbott is on their side saying that's illegal you cannot do it even though the hospital did it then you have michigan the biggest hospital system is saying here's $10000 for any new nurse who gets vaccinated and comes on staff and $11000 to retain the nurses that we have this is a divisive issue they want to keep everybody safe and they want vaccination and they want to mandate it but they might have to pay to get what they want. neil: i think it's going to the supreme court, it goes all the way to the highest court. thank you very much care on this, the former investment banker, i want to talk to a little bit, small businesses under the mandate of states that force them to have their workers vaccinated in a lot of cases. i'm wondering how this is impacting we talk about labor shortages these things don't

help. >> it's hard enough for small businesses who have been mandated to be shut down and experiencing labor shortages and increased prices now than asking people were still working there maybe picking up the slack for employees were not working there anymore to be the masked police and the vaccine police is not conducive to getting things back to normal it is creating a lot of uncertainty in keeping more people out of the labor force and not what a business is trying to do it is hard enough to run your own business and to get the customers and service to customers now deal with the additional headaches and now have to deal with vaccine mandates on top of it. neil: will explain why the small business owner competent is better than a decade low i'm just wondering the irony there are plenty of workers out there

to take advantage of what's going on we have tended a half million job openings in the latest. and only 194,000 americans took employers up on that last month. let's explain the huge gap many of these are in the small business arena. >> is a very nuanced answer and i think the central planning disruption created a lot of different issues people thinking about retiring who accelerated their retirement and a lot of women in particular who had stayed out of the workforce because her children just went back to school they do not trust the fact that the schools will change their mandate in a month or two months and take the chance now only to have to give up the job or will you weeded out certainly there are people that got additional benefits along the way and same thing they will wait it out and see

what happens because they don't want to deal with the mandate and by the way all these numbers did not deal with the fact that you have these firings from the vaccine mandates that could put additional pressure on next month. neil: we shall see, thank you very much to carol's point whatever you feel about the mandates and the latest we are understanding the u.s. covid cases have dropped by 22% raise in the hopes that maybe the worst could be over the whole political argument notwithstanding. you are watching fox business. ♪ ♪ ♪ and you could fearlessly face the unknown. (kids playing) you still can. ♪ ♪ (blowing dust) when you have a rock you can depend on for life, you'll be unstoppable. that's why over 5,500 companies

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neil: reminder, if you're worried about inflation. we have the just the tonic. 2 p.m. eastern time we look how you can do to prepare it could be a while. here is charles payne. charles: thank you, neil. i'm charles payne and this is "making money." the market is grappleing for for terra firma to avoid a swoon into the closing bell. record number of of americans are quitting their jobs. that is complicating supply issues kneel is talking about. why this is a golden opportunity to reinvigorate america. stocks are getting cheaper from a valuation point of view. ahead of earnings do you actually dare by this dip? we'll getted read from some