to raise awareness for mental health. i thought it was organized. get groups of people around the world doing odd things so they can get in the guinness book of world records. i think that was somewhat similar. two hours and 5 minutes. the rally, here is the news of the day. the rally at this point is holding. rally close to 500 points. "friday feedback," email us varney viewers @fox.com. neil, it is yours. neil: we're down applauding. thank you, stuart. here is what us going on the market today. we are focused on inflation, supply chain disruptions. maybe the administration focus on this. the key port, certainly the biggest los angeles port is getting attention. we'll move over to the other side of the country what is happening on the eastern coast because those same rules might not apply to this side of the country. we'll get into that. also getting into the notion

here no matter what you think about inflation nary pressures very, very real. a lot of earnings reports we've been getting out of corporate america are saying so far not a real problem. so the only thing inflating now is stock prices and the major averages on the belief that good times will continue, not that these inflationary pressures will be short-lived. so far corporate america is signaling in the early wave of third quarter reports they will be able to get through this. always in the eyes of the beholder and whether we can actually make good on that. for now not that much of a worry. let's go to edward lawrence to look at how the white house is addressing this disruption to get in front of it. easier said than done, edward. reporter: that sill will be very difficult part. industry groups say they acted behind of curve related to the supply chain issues. president put thing onus on private companies. they need to step up, spend more, fix the supply chain

bottleneck. they broker ad deal to get the port of los angeles to go 24 hour supply. the white house cannot tell us when supply issues will be worked out. industry groups are saying not this year. president is saying it's a first step, it is the private sector really should work out of this out. >> strengthening our supply chain will continue to be my team's focus. if federal support is needed i will direct all appropriate action. if the private sector doesn't step up we'll call them out and ask them to act because our goal is not only to get through the immediate bottle tech but address the longstanding weaknesses in the transportation supply chain that this pandemic has exposed. reporter: consumer brands associations which represents companies that make consumer packaged goods says the administration needs to relaxing some regulations like the weight that a truck can carry. also stop the process of rolling back the regulation exemptions

that were put in place during covid. the group says for businesses this is still a crisis. >> those higher input costs are warning signals and we needed to pay attention to the warning signals. i'm really glad to see the activity yesterday. i'm glad we're paying more attention to the ports. i'm glad there is focus on trucking but we are a little bit behind of curveball here and i think what that means it will take longer for to us recover. reporter: the president not expected to talk about the supply chain issues today. he will talk in 30 minutes about covid response, something the white house wants to talk about. they don't want to talk about this other stuff. back to you. neil: what is interesting about all of that, edward, the administration kind of preblaming corporations or private enterprises that might not be doing more to help address this problem but it is always in their interests, the companies involved to solve it. they don't welcome this. so i just found that kind of interesting to sort of say well,

this isn't on me. this might be ironically on the very people who claim it is hurting. i didn't get that logic. reporter: that is a point that the consumer brands association made to me, private companies are doing everything they can to get the the goods on the store shelves. when you get the ports 24/7. you a got fedex and ups going 24/7 what about the inbetween part? they worry there will abbott tell neck in the in between part from the ports to the distribution centers. neil: people forget that. far from an apologist for these guys, if they can't get it they don't make money off of it it seems like a weird argument. what do i know. i'm not into the weeds like a lot of these guys are. lived yaw hue taking a look how a toy store in new jersey is dealing with all of this.

they would love to have the products they need to sell for the holidays. they're having a devil of a time getting them. lydia joins us out of morristown, new jersey. lydia? reporter: neil, the owner of this toy store, learning express, says her inventory is 30% lower what it is usually this time of year ahead of the holidays. she is taking steps to make the inventory she has last. she is limiting purchases, rationing some more popular items. one item per one customer. in other cases replacing toys that are stuck in the supply chain coming from overseas with american-made products sourced here locally. what is really getting her now are the shipping costs. she says those are way up, as much as 10% on some orders. watch this. >> we're trying to absorb as much as we can. this is something new to us. we've always had shipping charges. but we're getting a surcharge on top of that for a lot of our

products are coming in. we're doing the best we can to maintain prices, not increase anything, and absorb it until it goes back to normal. reporter: supply chain issues, limited inventory, shipping costs now, those are some of the reasons why the toy association says nationally the prices for toys could go up as much as 10% ahead of christmas. neil. neil: all right, thank you for that, lydia hu. let's go to the james dolan the barnes & noble ceo. you might not think books impacted by the supply chain disruption. that is very much the case and has a cascading effect. james good to have you. explain how this will work or more to the point how it might not work. >> books are probably in better position than most. publication dates are planned. i'm standing at a busy one packed full of books. the problem for us when the surprise best-seller, needs to be reprinted. it has to get out of the

printing presses through the same supply chain where the bottleneckses exist. that is with we're concerned about. neil: interesting. i'm sure your business was booming during covid. i did a lot more reading a lot more folks did as well. coming out how does it affect you? >> we are still enjoying an extraordinary boom in reading. it is across the piece but particularly with young adults. again if i swivelled my camera around you would see a section full of kids, young adults. so we're really sort of having a great time and hoping it will carry on. people are liking reading. neil: now the closer you get to the holidays, and there are some prints in demand and other best-selling authors in demand, do you sort of roll the dice or make a bet, this author is doing well i will get backup orders here because his or her books are selling well? >> to be honest we do this every

year. we make our bets. buy huge quantities of books we think will sell well. hopefully we get that right. when we don't or just that book that nobody thought of gets on our radio show, gets on a tv talk show, whatever it is and explodes, that is this year where we may have a little bit of trouble. if there is a particular book you absolutely want best get it quickly but otherwise these stores will be full, full of great publishing this year, partly because so much was held back from last year. neil: curious as well, you more than weathered the online -- with amazon, you have a very strong online presence yourself but i think there is a core group of readers out there who prefer the actual physical book. i wonder how that is sorted out as we've been trying to sort through all of this? >> well i think that's one of the things that, you know, beginning of the pandemic would never have anticipated is that particularly some groups of our customers have really embraced

coming back into the stores, enjoy being around physical books, enjoy choosing them, handling them discussing them within our stores and as i say the biggest group really exploded is young adults, young people in their early 20s and things. tiktok fueled an explosion of reading reading good books as well. neil: that is encouraging when you think the younger generation is hooked into devices not into reading books. that appears to be wrong. quite wrong. >> it is completely wrong. the top 10 the last six months, over half the books are titles driven by this age group. neil: that's wild. >> they're old books, not new published books. it is really exciting. neil: best of luck this holiday seeing, james daunt the ceo of barnes & noble. they make it a destination with

coffee shops. could you be there in days. my family has to come usually days later, neil, it is time to go home, time to go home. we have the port authority director and you heard about all the attention on the los angeles port where cargo ships are backed up like planes in laguardia, but the same problem is in other parts of country including in his neck of the woods. how are things now? >> we devoted a enormous amount of energy to assure the port of new york and new jersey does not become a bottleneck. talking about today we currently have three vest ales at anchor off off the port. the port managed to sustain an average of ships waiting only a day and 1/2 at anchor. our fluidity lack of congestion is enormous amount of cooperative work by all the

participants that make a port run. neil: the president is going to try out in l.a. for the port there to be open 24/7, now the first thing that hit me there, they're having a devil of a time finding people, let alone push it 24/7. how do you do things in your neck of the woods? >> well as i said, the port made enormous effort, collaboratively with all of the participants. let me just, everyone should realize it takes a village so to speak to run a port. you have the terminal operators who operate the machinery that off-loads and loads ships. you have the ila, very key longshoremen providing the labor. you have the shipping lines. you have the trucking community. you have railroads, warehouse operators and of course you have the government, customs and bored border protection for material coming in from

overseas. a lot of those participant in a very organized manner consulted with each other. each of them is willing to step up to play their role. labor, as an example. enormous support from the ila working hand-in-glove to assure the health and safety of the longshoremen. extended hours, willingness to work overtime by the longshoremen. the port has been having extended gate hours. longer hours during the week. openings on weekends as necessary, clearly moving toward 24/7 but those openings have been tailored to the cargo loads. investment in the wharves, internal rail capacity. the part of new york and new jersey has made over the last five to eight years literally hundreds of millions of dollars in expanded wharf capacity, expanded rail capacity and cooperation with the railroads which i think maybe somewhat unique in terms of the country is that there has been

extraordinary communication between the port providing data on what ships are incoming, what volume of cargo is coming, the railroads planning to have right amount of railcars and then the railroads themselves have taken the initiative, at least at our port to meter the amount of cargo that is moving out to assure that it can, it doesn't get gridlocked, it doesn't get backed up because warehouses at the destination back up. so it really takes the cooperation of all of those components of the port that produces the fact, as i said today, three vessels sitting offshore, a day 1/2 has been really the average waiting time, obviously a contrast with other ports. neil: real quickly the problem seems to be anything coming from asia, right? that is where a lot of these goods are made. seem to be in short supply or we can't get them period. that seems to be a lot of the problem there.

is it? >> well the supply chain involves multiple potential choke points. so there is no question that they, factories in asia need to be at, at full operating capacity. the shipping out of asia obviously in terms of the carriers. so there is, it is, there is a potential for there to be choke points and pain points in any of this very complicated supply line. neil: all right. >> what we've seen, as i say what we've seen this multitude of strategies from extended gate hours really close cooperation with labor, investment in capacity and working very closely with the railroad and trucking communities has the potential to avoid congestion. neil: all right. we certainly hope so. hope we round the bend on this. rick cotton, port authority of new york and new jersey executive director. good luck getting through the

holidays, rick. before we go, take a break here, you're not imagining it at session highs, the dow up over 514 points. financials leading the way pretty much to a bank or investment house they're reporting far better than expected numbers. that includes bank of america, morgan stanley, jpmorgan chase, blackrock, wells fargo, united health isn't hurting matters any, key dow component, future looks bright, many of these companies are telegraphing supply issues but look for earnings to be strong anyway but they're optimistic that we'll get over this. the big question is if it drags much more than a few months will they be saying the same thing in the next quarterly report? we just don't know. what we do know throughout all of this energy prices are getting higher and higher and higher in a lot of key cities including new york. more and more gas stations are reporting per gallon gas prices with a five in front of them,

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♪. neil: all right, a quick peek at the dow shows 28 of the 30 components are up. only boeing and merck missing the mark. in the case of merck it had enormous runup on the vaccine pill that could be approved on emergency use by the fda. all looking good there. earnings for the financial giants coming in for morgan stanley, blackrock, jpmorgan chase, bank of america. another key component united health with better than expected numbers but what is key in a lot of these reports few are telegraphing any problems down the road even acknowledging higher prices and the supply chain disruption they're not indicating in any of their so-called guidance that will unguide them or ruffle them down the road that may be a little optimism. this is usually the time we signal, well we have our

worries. maybe not worries buoyed by the fact that the overall employment picture were good. latest jobless claims, first time we've been under 300,000 throughout the pandemic. that trend remains the economy's friend. we'll see how long that lasts when it comes to other matters like inflation and the real impact that you're seeing going to the gas station that is not ending. in fact more and more gas stations showing numbers with a five in front of it, five dollars a gallon for gas. madison alworth seeing that up close and personal in new york city. madison. reporter: neil, behind me you see premium at this gas station is over five dollars, well over five dollars. if you're getting regular that is close to the five dollar limit. people are using the gas station all day. they're trying to cut back, half tank a little less to save money. here is the thing we're seeing higher prices everywhere. we spoke to the people, they were really disappointed with

these prices. take a listen. >> full up my truck almost every day. $80 this morning. another $60 here. it is really crazy. >> takes me $120 to fill up the cars, ridiculous. breaking the bank. >> i filled up with $40 but didn't fill up the tank. getting high. hope it gets better in the future. reporter: national average for gas sits just below 3.30. there has been a over 42% increase for the inflation rate of gasoline. there are now only five states in the u.s. with gas under $3 a gallon and that number is dwindling. there were eight states below that number on monday. it is important to give context what we're looking at the past couple years. before the pandemic hit the u.s., the national average price for gas was $2.60 in january of 2020. that number nowhere close to this one behind me, neil.

back to you. neil: i guess we'll see more of it in the near term. madison thank you for that i think, i think, madison, i think. let's go to luke lloyd. he is looking what is happening on the inflation front. so far, luke, if you think about it, it has not impacted companies with earnings coming out are coming out much better than expected. further more good many indicating so far for us, not a huge issue. we're watching it but for now not a big, big issue that would make you think differently about stocks going forward. that could be a good marketing campaign but what do you think of what they're saying? >> inflation could impact with regards to earnings hasn't come out with their earnings report yet. i do think a lot of companies will blame the issue of supply chain for the earnings miss down the road for a month or so. over the past week, next couple days, bank earnings completely blown it out of the water. why we're seeing market react to

see what is happening all around the economy. act weighings is are up, mergers and acquisitions are up over past couple quarters. more people are involved in the stock market. asset revenues up. more be money in the economy because of stimulus. you have to look behind the scenes not just the front numbers. my takeaway from earnings reports what is happening so far, banks are releasing loan-loss reserves. that they believe the loans are strong and banks have more certainty in the future. why is that important, neil? many are loans for small businesses who have been struggling the past year-and-a-half. if banks see a better future from the small business side i'm much more confident in the long-term economy. neil: interesting. if you think about it, luke, you and i talked about it before, that is where banks make their money. it helps out a good market with the wind at your back and all that but the fact of the matter is where interest rates go up and they can make a little bit more on their loans, if they can get more loans that's something

that could feed into this. you just don't want rates to go too high i guess because that could also put a crimp if it hits a crescendo but how do you see that playing out? >> we're talking about interest rates from the federal reserve side of things you're really talking about inflation what we were talking about, right? my biggest concern is impact of inflation on peoples pocketbooks. inflation goes up 20%, that is less money for consumers to spend somewhere else. for the grocery store, making 20% more revenue. the stock valuation goes up. the same thing with banks, they're lending at higher rate they make more money. powell from the federal reserve side of thing admitted they were wrong and inflation will be here longer than expected. the question investors should pay attention to how much will they raise interest rates and how quickly will the fed raise interest rates? is the fed raising rates from 0% to 0.25% scares you, you're in the wrong stocks.

i believe the fed will raise interest rates sooner than later but at very slow rates because they don't want to destroy the economy. with regards to the stock market it could be a short-term correction but a long-term buying opportunity. the other side of thing, high scale gross margins, asset light will perform best in high inflation environment. you want to stay businesses that don't have pricing power. guess what? technology is the biggest weighting in the s&p hundred which is asset light, high gross margins and has scale, right? tech will hold up the stock market in the high inflation environment. completely against what most people are saying. neil: you're too young, when you say high inflation environment i think of the '70s. there is a whole generation totally unfamiliar. >> i will not hit again on your age, neil. i did that last time on. neil: i told the staff book him again because he is good, really good. having said that are you worried about a '70s experience? i could see you in leisure suit or bellbottoms, but do you worry

about that. >> i could see it too. i definitely worry about it. i think inflation is a concern mostly for middle class citizens and small businesses. when you talk about inflation with the stock market, i truly don't think it will have a huge impact on the stock market. i think it will be reflected in most company earnings. the problem, neil, a lot of people don't own stocks. middle class, working class, are putting money in the 401(k)s, pensions, they're going to be mostly affected by the high inflation environment. not top 1%. not top couple%. middle class. that concerns me the most, going down to the gas station, i heard you talk about gas or oil prices, when you pay $100 to fill up your tank, that is the issue. if you or your investments go up five other 10% that will not affect most people. neil: i heard from the guy costing $160 to fill up his tank. is that a sherman tank? nabe it's a big tank.

like lloyd, always a pleasure. very young but very hip read of the markets here. it comes down money in, money out. i know you get sick of hearing that from me but inflation is defined how much you can afford and will afford to pay. when you stop paying it, it could end. meantime we have wages going up at a good clip in this country five-year year-over-year. here is the problem, the cost of everything is going up at about 6% clip year-over-year. you're losing more money as you make more money. the read from a republican congressman. that is the trend she doesn't like. she is way too young to remember the '70s feeling. ♪.

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neil: one of the favorite graphics i have is the money. never get enough, melinda, produceer, want to see a lot of money falling on the floor and into my pocket. we're seeing a lot of money fall around. there might be another more crass term to explain that. it is only money, a trillion here and there and it is moving up, up, but the very fact of the matter we're debating the size of a package deeming it to be if it is under $3 trillion pretty much tells all you need to know. that underlines the argument with democrats arguing among themselves versus republicans sitting this out. chad pergram with the very latest where we stand on this. chad.

reporter: neil, senate majority leader chuck schumer tells members in a letter he wants the bill done by the end of this month. schumer writes the democrats must set aside differences to find common ground. it is evident democrats need to shrink the size of the bill. >> not even sure 2 trillion is the number that is on the table. what if the number was 2.5 trillion if we structure the programs the way we wanted, it came out to 2.6? i think it makes no sense to talk about the number until we really identify the elements of it and how it is structured. reporter: in a letter to house speaker nancy pelosi members of the progressive caucus declared they would rather have a broader, cheaper bill compared to a narrow bill. the gop argues that people won't like the bill once they learn more. >> public polling that shows over half of americans support this 3 1/2 trillion, five trillion dollar reconciliation package, you realize republicans are not doing a good enough job explaining what is actually in

the bill. reporter: pelosi holds an event in san francisco today. she will push for climate change initiatives inside of the social spending package. neil? neil: very quick take. i respect your read on all of this, chad, if they don't get it done this year i don't think they can get it done next year or am i missing something? reporter: there is still a lot of time in this year. sometimes when you have the crash against the government funding bill december 3rd, also with the debt ceiling december 3rd, that might give them some opportunity to get everything together in one gigantic package come december. it is generally conventional wisdom that you can't get big legislative initiatives across the finish line in election year. keep in mind they passed the final version of obamacare in both house and senate in 2010. they lost the house catastrophically for the democrats that fall. so it is not unheard of, but sometimes they try to put these things to rest before

december 31st. neil: i would have preferred you agreed with my wisdom outright but that's okay. you couched it very, very nice as you do all the time. thank you very much, chad pergram, following all of that. nancy mace, joins us now, favorite guest of ours, south carolina congresswoman, republican. congresswoman, great to see you. i don't know, congresswoman, i could be missing something, i don't see this happening not so much because republicans aren't on board because democrats aren't on board and miles apart on this, time is running out. i know it is inconceivable we're not at halloween taking ourselves past christmas and year is over. this is uphill battle, do you think? >> i hope it ends up not happening as you said earlier. doing graphics, when you had your producer with those graphics do one with money growing on trees, i really believe that is what nancy pelosi and democrats think could happen to get it done.

if they don't get it done by halloween, it will be difficult to get it done by end of the year. the house is notorious to push packages, push legislation through. yesterday, neil, i went to fill up my 2011 chevy tau heavy in south carolina the cheapest unleaded grade gas is no longer below $3 a gallon. things are becoming more expensive by the day, as you know, with inflation rising almost double the rate of wages in this country right now, inflation will get far worse and it will be untenable for the american people if we continue the discussion on kinds of spending, waste if you recall -- wasteful spending when americans fill find out. neil: how much for the tahoe? >> for half a tank, almost $50. exponentially expensive. i used to fill up for 50.

now 40, 45 for half a tank. neil: where is this going, congressman? republicans wanted to show some bipartisanship on the infrastructure only package. $1.2 trillions package. half a million dollars bargain basement deal if you include repurposed covid funds, i don't know where you are on that, if you had a chance to vote on that where would you vote? >> right now i'm against infrastructure package. 42 new taxes of the 1.2 trillion you're talking about, 40 billion on roads and bridges, the other 70 billion on surface transportation with mass transit f we're doing a infrastructure bill do a infrastructure bill. the second thing, ranking republican sam graves didn't get to amend the legislation nor did just about every other republican on the transportation infrastructure committee. we were shut out of that conversation. we have enormous infrastructure needs. we need to make these investments but we need to do it in a bipartisan and responsible

way. neil: so when president trump said he would go after those 19 republican senators who went along for that, i know your views on this package, what did you make of that? >> well i think it is, it is a challenge when we're attacking each other. i believe as republicans we need to fight for what we believe in our values and constituents we represent but i want to work with republicans and democrats. so far this year i passed three bills out of the house of representatives because like reagan said, we should reach across the aisle. we should try to work together. particularly during times of divisive as they are today, 10 or 20% where we can work together we should, why i was so disappointed when the infrastructure bill came to the house and republicans were shut out. neil: president trump also just said that republicans shouldn't vote in 22 and 24 if the fraud of the last election isn't

addressed. how do you feel about that? >> well i know that there are states where you have secretary of state ignore the state legislature. some of those states, georgia, texas, elsewhere, have strengthened their voting laws and election laws. that is a state issue. not a federal. i don't think we want nancy pelosi determining the outcome of our elections at the federal or state level but i do want to give republicans hope. we know that if we tell folks that their vote doesn't matter they won't turn out to vote. we saw that in georgia. important to get the majority of the house in 22, swing districts like mine where i won by one point, we have swing districts we want and need republicans to turn out. neil: but he is saying what he is saying, congressman, you shouldn't vote next year or in 24 unless this fraud is addressed. numerous investigations and court orders have confirmed there was no such fraud but he is still pushing that. eastern advising republicans not

to vote until all of that is solved. do you think he is hurting your colleagues? >> well i can tell you this, if republicans do not turn out to vote in 22, we will lose the house and given the correction that nation is heading right now, our kids, grandkids, our country cannot afford to do that at this time. neil: if he were your nominee in 2024 all this notwithstanding would you support him? >> i will support the nominee in 24. my biggest, my biggest concern right now is how do we win the house in 2022. when republicans do win the majority in 22, what will we do with the power around strength we have in the majority? i hope that we don't do it like years past where we increase spending or increase taxes that were thoughtful on delivering the promises we made when we got elected the first time around. neil: do you think donald trump can unite your party? >> it is hard, you know, at this point, i think we as a party,

both republicans and democrats, we're both sides struggling right now with coming together. we have far reaches of the far right and the far left that are sowing seeds of division and both sides and i really want to work towards bringing us all together and i hope whomever the nominee we do that, that we don't tell people their vote doesn't matter. that we turn out people to vote. that will -- neil: we work on graphic with money showing on trees. it would stay on the trees and start falling and the lot. we'll explore that. >> lots of trees with money. neil: lots of trees with money. republican congresswoman from the beautiful state of south carolina, nancy mace. still in and out of session highs, the dow holding on to a 500 point lead, good earnings doing it. it is dismissing about all the inflationary worries and spending and washington in a mess. for now they're buying, rather

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all the exciting stuff happening around this. where is this one going? a lot of etfs have been filed. susan: nine bitcoin etfs filed pour approval. we're looking at bitcoin rallying to 58,000, a level we haven't seens steps may of this year. there are hopes and dreams we could get a bitcoin etf earlier this year. maybe as early as 2022. neil: the sec has to write off on that, is that their job? sus sues that is gary gensler's job. neil: he will not do that. susan: he also said that -- neil: said new sheriff in town. susan: bitcoin etf is in the works. i think that will be approved. that is why you're looking at this rally, could see peak bitcoin when you buy on the rumor sell on the news? some say that might be a selling opportunity as you mentioned. ark etf application that is lending of cathie woods' name.

a swiss firm called 21 shares and alpha, i think alpha architects are involved as well, i want to show you the froth in the crypto craze. that is good alliteration. this might be the get off my lawn moment from you. we have to talk about nfts, non-fungible toke. you know what they are, right? neil: a absolutely i do. susan: digital art or verifiable pieces. look at the artwork sold for 1 1/2 million dollars this morning, called, boring apes. what do you think of this? it was back in march $3,000. 1 1/2 million dollars sold today. >> really? susan: might tell you, you know what ether rocks are don't you? this sold for two million dollars. the rarity of nfts. there is only 100 of the ether rocks made, goes back to 2016

when nfts started. crypto punks, worth millions of dollars now. this is booming business in nfts. 10 million-dollar business in the third quarter, in the summertime. can you believe that. neil: that is -- susan: largest crypto exchange starting their nft sign-ups. you have to email in to sign up for an account waiting for approval. you have -- neil: we have to get in on this gig. susan: we do? neil: someone took a picture on the set, nft us? susan: nft us. crazy to spend 1 1/2 million dollars for a cartoon ape? neil: let me ask, 30 bucks? no. the pretty dicey. susan: really. neil: sorry. well, thanks that was a great report. she is right. i don't know if they ever call it a market top, anything happens they will trace back to this time a lot of this stuff was going on.

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neil: all right, these vaccine mandates could be dying on the vine. a judge blocked united airlines

vaccine mandate. lockheed martin from putting unvaccinated workers on leave. we have a former federal prosecutor, constitutional law attorney. katie, the backdrop for this cases are rapidly declining in this country and it might be providing some fuel for this but what do you make of where we stand right now on mandates period? >> well the mandates are an interesting issue especially when it comes to private companies because -- a company can make a decision to require vaccines but they are still limited by any federal laws that protect religious beliefs and melodies abilities. so the mandates themselves are essentially permissible but it's a bigger business question really for these companies, whether they want to go up against the unions. whether they want to lose workers in order to enforce those things. now on the federal side that is a whole different question. i don't believe those are enforceable from the white house.

that remains to be seen once they put those into place formally. neil: so real quickly, katie, if people were dying in droves, a backdrop for forced mandates at a time when cases were reigniting again, that is no longer the case, in fact just the opposite, does it change the legal argument, or does it not? >> absolutely it does, of course. if a company or any sort of person wants to put a mandate in place, one of the justifications this is a huge safety issue this is why they have to do it they need to back that up with data. if they don't have the data becomes more moot. that is a even a big consideration even for the court the. neil: katie, hate to jump on you. president speaking to the issue. vaccine mandates and progress we're making on virus front. let's listen in right now. >> number of employees vaccinated. let's be clear vaccination requirements should not be another issue that divides us. that's why we continue to battle

the misinformation that's out there and companies and communities are setting up their, stepping up as well to combat these, the misinformation. southwest airlines at the head of the, the head of the pilots union, ceo dismissed critics who blame vaccination mandates contributed to flight disruptions. school board member, religious leaders, and doctors across the country are fighting misinformation and educating people about the importance of vaccines. all of these efforts are going to help us continue moving the dial to eliminate this disease. second, we're going to continue protecting vaccination. this week the food and drug administration and the fda is reviewing data on moderna and johnson & johnson boosters. we expect a final decision from the fda and the centers for disease control and prevention,

the cdc, in the next couple of weeks. if they authorize the boosters, which will be strictly made based on the science, that decision will be based on the science, this will mean all three vaccines will be available for boosters. already more than one out of three eligible seniors have gotten their third shot, the booster. and we're going to continue to provide that additional protection to seniors and others as we head into the holidays. these boosters are free, say again, they're free, available and convenient to get. third point i would like to make, we need to continue to keep our schools and our students safe. 96% of school districts are fully open with children back in the classroom and in-person learning. we have been able to do this because we provided our schools the resources they need to protect children and the

educators as well as the staff that >> we've been encouraging schools like masking, testing, and getting everyone vaccinated who is eligible to be vaccinated now, i know parents out there are anxiously waiting for a vaccine for children ages 5-11. the good news is the fda and outside experts from the cdc are set to make its determination as to whether the vaccine will be authorized for that age range in the next few weeks. if authorized, we are ready. we have purchased enough vaccine s for all children between the ages of 5 and 11 in the united states, and it'll be convenient for parents to get their children vaccinated at trusted locations and families will be able to sleep easier at night knowing their kids are protected as well. let me close with this. the plan i laid out in september

is working. we're headed in the right direction. we have critical work to do, but we can't let up now. my team and i are toking everything we can but i'm calling on more businesses to step p and i'm calling on more parents to get their children vaccinated when they are eligible and i'm asking everyone , everyone who hasn't gotten vaccinated, please get vaccinated. that's how we put this pandemic behind us, and accelerate our economic recovery. we can do this. i've said many times, god bless you all and may god protect you, thank you very much. >> [overlapping speakers] neil: all right he didn't take any questions we always like to stay with him just in case he might but he's not entertaining any questions. the president, in case you missed it, just announced that the u.s. covid-19 case rates are dropping pretty rapidly in some

39 states, went on to say we're down to 63 million unvaccinated people. i believe last week at this time , was closer to about 67 million. he is also saying it's wrong to assume that any of southwest problems were as a result of the vaccine mandates, that the company was pushing and the company argued that was not the case, and the pilot's union came back to say it wasn't the mandates that affected that. we'll never really know but the president is trying to make clear that if companies are cit ing vaccine mandates as the cause of their problems they are just wrong and quoted southwest to say that's not the case here. all of this at a time when a lot of these vaccine mandates are being opposed by state governors in texas, for example, there's a mandate against the mandate. lauren simonetti has been falling all of this. lauren, the gist of the president's remarks, the trend is our friend. that these mandates whatever you make of them, are having the desired effect. what do you make? lauren: it is working.

we have seen a number of americans either because they want to or they're being forced to so they can keep their employment decide it's time to roll up their sleeves and get the shot; however, when you get confusion on whether a boost er is needed or not, we've heard many different schools of thought on that, you might have people reluctant saying well what's the point, because how are we following the science when each different agency has something different to say. each scientist has something different to say, so i think a key clear messaging is what's needed here. neil: yeah, the president also talked about the soon approval he hoped for a vaccine for kids as young as five. now you have a very young family just had a child. i'm just wondering where are you on this as a mom? lauren: i'm in the middle and i'm not saying no and not raising my hand to be the first. i'll follow what my pediatricians say and wait a little bit. most doctors i talk to say if you wait until the vaccine is in

3 million arms, that's typically when you see any adverse effects and any reactions and that's when they know more, so i'm not raising my hand, but i'm not opposed. neil: i know. lauren: one quick thing on that . the only thing i don't want to happen is if i do choose to vaccinate my children, i don't want them to have tariff wear masks in school and i'm not sure that those things can be separated right now. neil: right now in new jersey they aren't. lauren: they aren't and i have a three-year-old, and he peaked his pants two times in school yesterday so he came home in the schools clothes because he went through his spare outfit and i'm only saying this because the teacher said to me, he probably told us he had to use the bathroom and we couldn't hear or see him because he had a mask on and it's stories like that that breaks my heart because he's so young and vulnerable. neil: yeah, i hear you on that. so i don't know where we're going on this maybe the biden plan all along was this might be challenging the courts maybe all the way up to the supreme court but in the meantime, he gets

what he wants and more people vaccinated, rates coming down, and it's a win-win for him. lauren: you raised that point yesterday and i think you're right because this isn't, the vaccine mandate isn't the law yet, but the bullying and the strong arming is happening right now to push more companies to make it their policy to get shots in as many arms as possible, and i don't know what that 63 million un vaccinated number looks like next week. it seems like 4 million people became vaccinated in the past week. does that slow? i don't know. neil: we had the herd immunity stage, we don't know. lauren: it's so political right now some sides unfortunately just keep digging in their heels with their decision. there's nothing you can do or say to make me get vaccinated, and other people are like well whatever. just give me the booster. i'm already half way in whatever you saw what they are doing in israel, right? if you don't get your third, your booster shot six months after you're fully vaccinated, your second shot, you lose your

green pass. your proof of vaccination. neil: really? lauren: yeah. neil: and that's the booster. here, of course it's your call, your doctor's call whether you're in that vulnerable population. lauren: yup. neil: that's making it pretty clear where government is coming from. lauren thank you very much. i did want to pick your brain on that so sorry to take so long, but it is a big issue right now. another big issue that just sort of blew me away is this idea that so many jobs are out there, and people aren't taking advantage of it. right now we have 10.5 million jobs available, yet in the latest month, only 194,000 americans picked up their employers request and applied for those jobs. what's even more startling is latest report that 4.5 million americans, close to 5 million, actually, have just bolted from the workplace. i mean, totally quit their jobs and many do not have jobs to go back to. they are rismiller this and they

don't want to work the same way they didn't before but somethings going on. pete lampson is the job bites ceo. his take on all of this. now you guys did a survey on this whole phenomenon. what did that tell you? >> great to be here, neil. thanks so much. we talked to 800 hr professionals and recruit ers in august, and what came back to us was a quantification of kind of some of the points you're making and that is that hiring is more challenging than it has ever been before. we've got 10 million open jobs in the united states, and only 7.7 million unemployed americans , so the gap has never been as large as we see it today , and this is leading to even though this has been talked about for sometime this is truly the golden age of the american worker really sort of finally, and i was on a call yesterday with the head of talent acquisition from cdw, and we

were talking about this phenomenon, and so it really is a sea change of from where we were a year ago with respect to the pandemic and hiring trends and so forth, so our survey that we completed last month really shed some quantification and a little bit of deeper dive on some of the underlying metrics that we're seeing and why this is so much. neil: why do you think it is? i can understand a good man it did sure up their finances, not all americans, one out of five exhausted their savings completely, so they're not in this sort of group that can just say all right, i'm going to quit my job, i understand that, but a good man it americans are doing that, without the promise of another job, so this is by their design, not by their boss' design, so what is driving it? >> so first, again, it's the availability of jobs, the workers today have a freedom to explore new opportunities beyond where they are today,

really, without fear, or re percussion of leaving a job without having another job in place, because the opportunities are so great for everyone and it's allowing workers to be a lot more selective about the types of work that they're seeking. it's allowing a mobility between professions that we haven't seen before, and it's requiring lawyers to be more flexible in the type of arrangements whether they are compensation or remote work, so in terms of the work that's available to workers today. neil: so when you look at the workforce today, and employers are listening to what you're saying, pete, what might they offer or do to entice these folks? >> great question. so we're seeing some of the recruiters biggest challenge s today, 50%, are suffering from the lack of candidate flow. in addition to the candidates they are seeing it's a lower kind of fit with the types of

skills they're looking for , and so this is, again, forcing this a broadening of the types of things they're looking for. some examples might be remote, certainly is something that comes up repeatedly, and 60% of our recruiters that we surveyed are saying that they fully expect to lose candidates and employees if they don't offer some sort of a either remote or hybrid work environment and this is a big change from where corporate america was even as recently as a year and a half ago and you're hearing a lot of discussion of this happening. i think employers need to move more quickly in this regard. secondly, diversity is something that is really coming up more frequently than has previously. we've got 50% of our recruiters and hr professionals that we spoke with are saying they are hearing a need for diversity and diversity forward-looking diversity and inclusion policies within workplace, from candidate

s as something they are basing their decisions on so these are some of the ideas of the types of adjustments employers need to star thinking about more aggressively and then third, perhaps relaxing some of the legacy requirements for applicants to be "qualified for a job" whether that's certain degrees that maybe required, whether it's years in the workplace, location, offer ing more and more flexibility and focusing more on the skills that are needed as opposed to some of the check the box resume prerequisites are all things the employers can do to increase qualified candidate flow. neil: interesting, well they are in the driver's seat to your point so we'll see where this goes, pete lamson the jobvite survey that put meat behind the argument a lot of people are quitting their jobs even though they have no jobs to go to. now that situation could reverse itself, if things get desperate. we have the supply chain disruption. we have the president's move

yesterday to try to deal with that, and by the los angeles port to keep it open, you know, 24 hours a day, seven days a week, might be easier said than done but let's get the read from william la jeunesse whose sort of monitoring how this is going to go. william? reporter: well, neil, you know, what you're looking at should not be this way. in the past, these container vessels coming in from china or japan will go straight into port and offload there, instead they are stuck out here in basically the largest parking lot in the pacific, there's 78 ships either anchored out here, or off the coast of catalina, about another 20 miles out and one of the reasons, of course is that supply chain backup. one of the causes of that critics would say is we're paying people not to work, even though, according to the labor department, there's over 537,000 job openings in trucking and warehouses, so we're about as far from washington as you can be, but failures there show up here, there are a million containers out here on the water

floating warehouses because of a lack of space elsewhere. we spoke to port officials yesterday, who say expanding the hours for long shoremen and truckers should help. >> we're taking the first step here at the port by opening our gates 24 hours a day. we hope that will catalyze and trigger across the supply chain for every segment to realign and get those warehouses open, get those trucking companies working at night, and create good paying jobs for working class families. reporter: so, crews don't actually get off these vessels and go through customs. they are kind of prisoners out here, right? so this cottage industry has popped up to service these guys with food and alcohol and clothing, and we visited one of those warehouses yesterday. >> can make a choice have how much food do you have, can you wait for two weeks and if not they have to arrange a water taxi, pay for that and we'll send it out there. reporter: so, neil, the size of

this might be a little deceiving it's about three football fields long about 14,000 containers up there and while it's just sitting out here, somebody is paying for it in the end, this is likely you. neil? neil: you know, what makes you a great reporter. you could have just reported this , as i would have done, from a dock. you know? land. you, instead chose to go out to see this for yourself, without so far getting sick. so keep us posted on your own health. reporter: i think you're envious i think you'd love to be out here with me. get out of that desk. come out here. neil: i could have some fun just on the dock, but you know, god bless you. all right, thank you very much, my friend. william la jeunesse, now that's intrepid reporting, see what i did there, intrepid, enough about that. want to go to dan everheart right now the ceo, one of the largest privately-owned oil field services companies in the whole country.

you're very very familiar and dan probably much more familiar than you with what's happening on the interview front as prices continue to rocket. dan, i guess everyone asks you the same question, so i'll ask it. do you see this continuing? do you see these energy prices continuing to rocket? >> absolutely i do. i think we're about half way through a bull market and i see oil exiting 2021 roughly at $100. neil: do you really so from the 82 level now to $100. what's driving it? >> well i think, look it's very similar to what happened in 1973 you've got commodities price moving upwards, you've got money supply growth increasing, you've got government spending surging, all of this is kind of a best case scenario for the oil & gas industry and we're experiencing a lot of inflation in our cost as well which is driving up prices too but mostly it's just the supply growth is not keeping up with the demand growth. the economies booming, and we've

got an inflationary environment, similar to what we had in the 70 s and this is a perfect recipe for rising energy prices. neil: normally, dan, energy leads the way in the prior two inflation bouts we had in the early 70s and late 70s it began with oil and ironically, it would solve with oil going the other way, and then prices went down the other way for pretty much everything else that had rocketed, so if this continues into next year, what you are essentially saying is that the whole inflationary cycle that's affecting our broad variety of goods, commodities, groceries, what have you, right through next year as well. >> yeah, no, look. i think it starts with energy prices like you said but the prologue is an expansionary government spending first and then you got energy prices increasing. look, energy prices 40% of the costs your plane ticket obviously the cost of your fuel, and it's embedded in everything else. it's embedded in what we pay for uber, what we pay for tires,

for what we pay in plastic items in walmart and target, and so as it moves through the food chain the increased transportation costs is going to spike inflation everywhere, and with the good economy and people having money in their pockets, and the government spending spending spending, with covid relief and biden's big spending bill, presuming that gets passed in some kind of fashion, around the $2 trillion number, all this is a goldie locks scenario for energy prices to keep gallop ing forward but eventually that might be the weight that pulls the economy into a downdraft. neil: we'll have to wait and see how that goes dan eberhart, the canary ceo indicating that whatever you've been seeing running up at the pump will keep running up for a while longer so this idea something transitory just doesn't seem to be in the cards for now. we'll have more, after this.

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, when he would travel abroad, he was a rock star and he had their back on things like climate change and issues that matter, certainly a good deal to g-7 countries, western powers what have you. now he's lost a lot of his umph and smarting over the afghanistan collapse, so he might be a more wounded leader when he gathers in rome to meet with among others the pope and on to scotland. john busty, a good student of history, the wall street journal editor and fox news contributor. john presidents are known for sometimes leading their domestic hills and shining their , you know, foreign policy here, but this president, it could be a mixed signal. what do you make of this upcoming trip? >> well, he was the leader of the pack and he was very popular abroad in the early part of his administration. i think largely, because he wasn't donald trump. there was a lot of animosity that had gotten stimulated by the trump adminitration with nato, with european allies in

asia. look, that wears off after a point. you can, you know, the honeymoon period is shorter and shorter, every administration, and with the withdrawal from afghanistan was a fiasco. that was just that's going to be a lingering problem for the biden administration. mind you, the domestic population might not hold that against him for as long as the international constituency does because the american people have kind of moving on from afghanistan, but it was nothing short of a kind of failed withdrawal. the manner in which it happened, but there's other things. there's the stalemate in washington over the spending bill. there's the infrastructure bill being held up. these are things that mr. biden, who was kind of considered the mr. fix-it of washington, was supposed to be able to triumph over, but you know, to his credit, this is inter-party

politics that's going on there's probably a spending bill at the end of the day not as robust as he had hoped there would probably be an infrastructure bill and voters look back and say am i better off four years into the biden administration than i was in the country was at the beginning, and that's a card that hasn't been played yet. we still have three and a half years. neil: yeah, we do we forget that and things can change, people forget in 1982 around the mid-term, ronald regan was deemed to be in such disarray and he was going to be a one- termer and that didn't happen, john thank you very very much. we have a lot coming up we've been hearing about social security payouts next year that be 5.9% more than they were this year. how that affects boomers who are delighted about it and millennials who aren't pleased having to pay for it. the battle is on, after this. bogeys on your six, limu. they need customized car insurance

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neil: we talk about inflation in america at least when it comes to social security benefits they will have a little bit more dough, to deal with that benefits expected to increase about 5.9% next year i believe this is the biggest annual increase in 40 years. hillary vaughn with more on that , from capitol hill. hillary? >> hi, neil that's exactly right. this is the largest increase for cost of living on social security impeachments in over 40 years, and the bump is a big deal, for social security recipients, for individuals, this could mean $90 more a month for couples on social security. it can mean around $150 more a month. the senior citizens league is saying this , "a high cost of living adjustment means exceptionally high inflation is impacting consumers, the senior citizens league has received more than 200 e-mails over the past month with many retired and disabled describing the dire situations they face as rapidly rising inflation makes it

impossible to pay the bills, so the idea is this would make it a little bit easier to pay the bills but the league says, well the higher payments are welcome it will not be enough to cope with inflation this year, with the 5.9 increase in social security payments will be wiped out from inflation which is right now about the same, 5.4% in september, groceries are more expensive and of course that hits people on fixed incomes like social security and retirement, a lot harder but the white house disagrees saying inflation is a rich people problem. white house chief of staff agreeing with the former chairman of president obama's council of economic advisors who said this. "most of the economic problems we're facing inflation, supply chains, et cetera, are high class problems." that retweet is getting backlash from republican lawmakers, north carolina congressman ted bud tweeting back this. inflation is not a high class problem. inflation is a tax on working americans and those on fixed

incomes, and neil, there's another factor in all of this , as the social security payments are increasing, there are increasing concerns that security payments is going to become quickly insolvent and run out of money which is a big deal for younger people paying into the system, with uncertainty if they will actually get anything out of it. neil? neil: amazing, so it's a high class problem, so chicken, bacon , pork, it's all high class users. all right, thank you. you heard that voice, right? these are the most famous boomer , charlie gasparino. charlie: i'm so happy that there's someone watching my back , because the senior citizen league is watching my back, as i head there. neil: absolutely and then there's the guy next to you whose also at your back here, charlie brady, our stocks editor , genius of fox business, but they said some things that

ticked off some millennials last week and fair and balance we thought we'd have kat timpf join us fox news contributor all around very very funny person. we also have with us right now susan li. millennials both, and susan, you were angry at charlie, more to the point. >> oh, well i recall charlie probably the most bitter boomer we have here. neil: he has issues. yes, but i think the term that really ticked me off was dumb money. that's right. neil: remember i told you at the time. >> that's something that triggered it because warehouse not idiots just investing in different ways. >> i'm brilliant. i don't know about other people but i myself am quite brilliant. neil: you weren't keen on him getting the social security benefits because isn't the millennial fear -- >> i'm never going to get social security benefits. charlie: why can't you pay for me. >> i should get it but i'm not going to. i'm going to pay for you. i'm going to pay for everybody.

well because i'm legally required to. charlie: i'm going to pay for your degree in fine arts from harvard because your salary can't keep up with the money you owed. >> i was unaware i was getting a degree. do i not work? charlie: that's the whole thing these millennials still work and they can't pay off, it's kind of expensive. >> i got a full tuition scholarship. charlie: you're one of those smart kids. i got into columbia grad school and didn't go because i'm like i'm never going to be able to pay this back. charlie: should have went to missouri. >> it didn't cost you guys 50 grand a year intuition during your day. charlie: i worked my way through school and i budgeted so i could have gone to columbia, northwestern, i applied to mizzou, got into mizzou, went on some scholarship and saved up a lot of money. for journalism school, it's a very good journalism school and i left owing them $900. >> must be nice. neil: it is different.

you've been very quiet and always a gentleman. >> [laughter] neil: not saying you're not, but -- what do you make of this argument that if social security comes to mind, when we were younger, i remember people were worried about whether it be around for us and kat's worried about it, susan, will it be around for them? >> actually it's probably going to run out around the time charlie, myself and you start collecting, 2033 they are saying is when the fund will be depleted based on the latest estimates. possibly, we'll see inflation be transitory as the feds been saying, in which case the folks getting the 5.9% raise will actually come out ahead. neil: but the argument is the boomers have gotten all of the goodies and the younger ones are not getting anything. charlie: they get free stuff. >> like what? charlie: all of the stuff the government is handing out. bitcoin. by the way, a great anecdote. >> oh, here we go. charlie: i've got to say it for the rest of the crowd. i was working out i do this

routine workout at the east river park. >> of course. charlie: sprinting and pull-ups. neil: i do the same. charlie: i was there with a bunch of millennials trying out that were fbi recruits. they were in horrendous shape. they couldn't do five pull-ups. the drill instructor was screaming at them to run around the track faster. neil: how did you know they were fbi. charlie: of course when they came over they said it. >> hello, i'm the fbi. neil: supposed to be very secretive about it. charlie: first i thought they were like a class from nyu, because they looked like, you know, out of shape nyu kids and so then what happened was -- neil: making friends left and right. charlie: i went to the other part of the park where you do the pull-ups they came in mass, about 30 of them and the drill instructor was like oh, sorry about this , guys we aren't going to be too long and i notice it said fbi instructor. and there were two of them and then i noticed all of the kids have these little emblems, and they couldn't do, i don't mind the girls not doing the pull-ups

because women don't have that type of upper body strength, that make sense. it was the guys. neil: bottom line, you're making an indictment on millennials. charlie: here is what i think is the problem. this is a generation in very bad health and because of obamacare, we're going to be paying for your health crisis, because -- >> you'll be paying for our health crisis? whose paying for the $21 trillion indebt? it's not you. charlie: it's going to be on my watch too. neil: all right you both are angry, right? >> i don't think i've quite reached the line of obese. neil: but you're angry about this , right? you sound angry. charlie: i don't think it's obese. i mean that. >> thank you, though. charlie: they are out of shape and they can't run fast. they can't do pull-ups. i watched them.

neil: all right, all right, the point last week, charlie, the point last week, charlie is that we had a lot tougher than the millennials did. now its gotten into the exercise do you think that is a legitimate reason for millennial s to hear that and say wait a minute you're going too far. >> in terms of savings and job prospects i think a lot of the millennials do feel like they've gotten short-changed especially with the incredible burden of tuition. neil: and so that adjusting for inflation, is it out of whack for them even allowing for that? >> i'm not that old, i went to the bronx it was 4,000 a year it's over 70,000 a year now, it's a pretty big up-tick. neil: so when we were kids, it's very different, when they were taking out loans and they were like last week. right? >> and the loans i've got a 7% loan in 1980 which i thought was a steel. neil: did i tell you the first time i got a house it was 13.5%?

but you guys are shocked how rates are going up, right? >> homeownership rates amongst millennials it's a third of what it was during the boomer generation and our wealth is a half the rate of -- neil: wait who are you blaming that on? maybe you just don't want to buy , but you're not blaming that on these two guys? >> i don't have a home specifically because of charlie gasparino. >> that's right. charlie: look at the market. you tell me, you guys are benefiting from the federal reserve literally monetizing financials. neil: as you are as well. charlie: i am, but they are benefiting from it much earlier in their lives so theoretically. neil: they should be grateful. charlie: they should be but they don't know how to invest either. neil: kat, why don't you show gratitude? charlie: jerome powell is your daddy. could be. >> no. that's dangerous. >> by the time they start to collect and reach retirement age , things maybe very different

, and you know -- neil: every generation bemondays the one before. charlie: we had bellbottoms. do you know how horrible that was back in the 70s? neil: they never had any fashion questionable period. we had lots of them. >> i had the side bangs for a while. neil: well you had the musculoskeletalett for a while. but you know the generations are getting angry, saying we're inheriting all this debt you're leaving us with an iffy social security, do they have a point that you guys are going to skate off to the sunset and do well. charlie: i've heard all of the stuff they are getting. >> what am i getting? charlie: look at that. see that? >> i don't think you know. charlie: i'm just saying. you're asking what are you getting? you're getting that. that is a vehicle for you to make money, pass the rate of inflation, obviously you got to be careful, know when it might be overheating and by the way one way to know about that watch

fox business because we are right on. neil: it's a moot point. right now they have it, but charlie, let me get your take on this that when our generation, above us, my parents, who was the greatest generation in the world, that's a hard generation to compete with. >> right. neil: now millennials are looking at you guys, us guys saying well that's an easy generation. charlie: ours, the 70s? neil: they don't like them, susan and kat, they barely tolerate them. >> as you said to blame the generation right before you, for their troubles. neil: it was an anti-italian thing. >> the millennials are particularly good at blaming other people. neil: whoa you went there. charlie: millennials today grew up fairly wets it. most not all, but wealthy. your parents were wealthier than ours. there's no doubt about it on every level. my old man, you know, god rest

in peace, he worked three jobs, he had a basically a high school education, he did okay, bought a little house, i get it. neil: and you think they did a lot better? charlie: he did not have, because he grew up in the depression, grew up a very working class area because of the 70s which was a huge almost said it, it was horrible. the 70s with stagflation, high unemployment particularly. neil: bellbottoms. charlie: and all of that, disco music. that took a lot of families back a few, back. neil: the electric light orchestra. >> what about the fact that millennials have had two financial crisis. >> yeah, financial crisis after financial crisis we've seen completely collapse. charlie: wait a second. the fed inflated you that's why we have that. neil: charlie brady she does raise a good point because the least participation in this market has been along millennials so why is that? did they see their parents burned, others? they aren't jumping in on this.

>> they have been going to alternative assets a lot. neil: bitcoin. some of the other assets. neil: susan is always trying to make a quick buck. >> get rich quick. >> as we word were working. charlie: by the way they spend a lot of money in hooka bars i hear. >> [laughter] >> i think we're moving into a different generation. >> who do you know? charlie: i know millennials here and there. neil: all right well, enjoy your workout. okay. well a little less angry now, you feel better? >> well, no. i mean, body shame. >> he said i'm not obese which is the nicest thing he ever said to me so i think we're making progress. neil: that's charlie's view. he's never said that to me. anyway, thank you very much. this is a favorite of mine because i want to get to reach all of the generations here, and all you cookey kids and your

views, but again, the age we're always fighting with each other and each generation is going after the other generation, but i think it's fair to say that charlie's generation, it is the best generation. okay, we'll have more, after this.

neil: all right, we often tell you about the crisis at the border, and attention is paid to the drug crisis that's happening at the border as a result, kelly o'grady is in el paso, texas with more. kelly? reporter: well, neil, fentanyl is being smuggled across this border by cartels and migrants at an alarming rate and actually the mountain you can see behind me is where a lot of that happens. now, the cdc identifies the synthetic opioids like fentanyl are the primary driver of drug overdoses in the u.s. , and one pound has the potential to kill up to 230,000 people. now to put that number into

context, u.s. customs and border protection seized 10-point 5,000 pounds in 2021 alone so far that's more than the last three years combined, and that's just one agency. law enforcement other agencies are also seeing a startling increase. >> recently, there was a seizure and i don't know what the actual amount as far as how many pounds, but the value was over $1.7 million. we also had quite a few seizures that also totaled to the million s of dollars. reporter: now that's just seized though. the problem is that much more gets by. the el paso border is at the heart of this crisis but you can see here how fentanyl spreads across the country. it's pressed into pills to make it look like real opioid medications and sold on the street and across social media platforms often. critics identify a tie between the spike in fentanyl and the border migration that we're seeing, and to stop that tidal

wave they're calling for a change in border policies. for now, cartels and illegal migrants are taking advantage of this resource shortage and sorry for the border brief here, the police chief tells me that his citizens are scared. there was one family they had young kids, a migrant came up to the door, snuck through their backyard and saying let me in, and they are terrified so it shows you how this drug and illegal immigration crisis that we're facing is impacting americans every day in their homes. neil? neil: and still no clear idea just how much of this stuff has gotten in here, kelly o'grady , in corner of wall and broad, good earnings spearheading a lot of that right now, and a jobless claims number that is the lowest we have seen since the pandemic began. more after this. (vo) while you may not be running an architectural firm,

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>> there he is, there he is. it's the great pumpkin. he's rising up out of the pumpkin patch! neil: well, good luck finding a pumpkin or at least one at a good price, because, you know, if you're in the market for one, you could be paying big time for it, so we always talk about

the supply chain shortages. it does extend the farmers and it does extend to pumpkins and doesn't grady trimble know he's in morton, illinois on more with this , grady? reporter: neil the pumpkin capitol of the world, there's no shortage of pumpkins here, but it's getting them all over the country that seems to be the challenge right now. we've been talking to the farmer here, who says they actually had a pretty good year, other farmer s in the area, about average. just okay. not great. so, the problem seems to be somewhere else along the line, which is something we've been talking about a lot lately. john akerman, akerman family farms so where's the problem? >> well the problem is not on the farm. we're having a bountiful year this year and the problem is not the factory, the canning factory has been moving along at a regular pace so somewhere in between the stores and the factory, there must be some kind of supply chain problem. reporter: sounds like something we've been talking about a lot lately, with truckers getting

products to where they need to go. 90% of pumpkins are canned here in morton, illinois which is a surprising statistic but that means the pressure is all on you as well this time of the year. >> it is, but we'll take that pressure on. we get to claim ourselves as the pumpkin capitol of the world because so many of the canned pumpkins come from right here in morton, illinois. reporter: other farmers didn't have a good year because of a fungus. what caused that? >> there's a virus that if you get it, it's pretty severe and i think some farmers have experienced that. it was very wet, very rainy this year, not good for pumpkins they like it a little dry, so there has been a lot of variation in yield but generally , yields have been average or better. reporter: so neil here is what you need to pay attention to. you might have a delay from when the canned pumpkins actually hit the shelves, and then once they're on the grocery store shelves, you might be paying more for them, and that is because the cost of cans, that has gone up, and so has the cost

of labor in the canning factory, and elsewhere along the supply chain. we hate to talk about the rising prices in inflation so much, but we want our viewers in terms of pumpkins to be ahead of the car ve. neil: i see what you did there, ahead of the carve. you are really a cut-up. very very good shot, i appreciate it my friend, and good reporting there, so again, this inflation reminder we don't need it but it's popping up in all sorts of ways so you might have a product that's very very affordable but if you try to move it all of a sudden it goes, you know, it's exponentially priceyer just to get it because there are a few options for moving things because there's so few truck drivers even trains available to get it going and then on and on we go and it gets into the whole cycle of things. now normally we've been telling you and you might caught our inflation special this idea that it's not going, either, that we're seeing year-over-year increase in retail inflation

going at about a 5.3 or 5.4% rate so it is now going up faster than americans wages are going up and normally, normally, not all of the time, that lasts for a good year or more. or more. we'll have more, after this. at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner. . . .

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dad, we got this. we got this.

we got this. we got this. life is for living. we got this. let's partner for all of it. edward jones neil: all right. still getting a lot of nasty emails from boomers and millenials feel the other side was taking cheap shot as at them. we're trying to be fair and balanced here. we'll see how it all sorts out. here is charles payne who can settle the all the differences because he is nice human being. charles: that is unique talent to get millenials and boomers mad at you. neil: they both said get off my lawn. charles: one was real, one was digital. neil: exactly. >> i'm charles payne. this is "making money." i said yesterday watch the close of the s&p. that could be a hint the market is taking off. did you buy anything ahead of the