shares. the offering price was 78. looks like it might be 114. that would make rivian an absolutely blockbuster ipo. probably the biggest of the year, probably the at that price around what? guessing just shy of $100 billion, for an electric vehicle maker which has yet to put a vehicle on the road. time is up for me. neil, it is yours. neil: helps to have friends like amazon and ford backing you up. man, oh, man, that will come storming out the gate. stuart, thank you very much. welcome, everybody, i'm neil cavuto. this is "coast to coast." we're following a number of developments on wall street but not as big as one as you expect given the inflationary data. one key measure, we're back to levels we had when ronald reagan was president. we'll explore that, whether this is now gaining some traction. the president will be addressing that later today, supply chain

disruptions when he gets to baltimore. ahead of that we have goodies planned for you today. the regeneron ceo is with us. they have a antibody test they say is 90% effective dealing with covid. they're also the company behind all the monoclonal treatments for those who come down with covid. this could be the wind at his back. they will tell us what we're looking at here as regeneron joins the race to get approvals for various treatments now almost too many to pick from. a good kind of thing to have. amtrak ceo william flynn with us today. the big story, amtrak will be a huge beneficiary to the tune of more than $25 billion as part of that infrastructure package. joe biden, a long-time passenger on amtrak over his years in the senate, all the way up when he was vice president of the united states. he has not forgotten those rail

roots. a lot of people are concerned this is money well-spent. i'm sure the amtrak ceo say it will be well-spent and worth it. all that coming up. let's get the read from edward lawrence on the president's plan to address the supply disruption and shortage, that the white house doesn't seem this toy this will drag out forever, what do you think, edward? reporter: won't drag out for forever but won't give us a date when it will sort out. president biden is going to tell dare for a funeral and come to the port of baltimore. this is much smaller port than the port of los angeles and port at long beach. the white house will use this as reason to show what bipartisan infrastructure money can do. we've been watching all day as they are working out here to remove containers. containers off of the ships are loaded to on to trains that can only be stacked one high. the money of the infrastructure

bill will raise height of tunnels so the trains can be stacked with containers on top of each other. supply chain issues adding to inflation. latest cpi numbers show the prices increase 6.2% over the past 12 months but in a statement this morning the president did not blame the supply chains. instead blaming energy prices. he says this, inflation hurts american pocketbooks and reversing this trend is a top priority for me. the largest share of the increase in prices in this report is due to rising energy costs. maryland representative andy harris said the bipartisan infrastructure bill will only push inflation more because the bill could have been kept to just infrastructure. >> that is the half that we normally pass every few years. the other for things that just don't make sense. that is money could be much better spent, as i said for instance, refunding the police in places like baltimore, so place like baltimore is safe. the president will not worry in

baltimore because he will have a lot of armed people. but the average person in baltimore is very worried. reporter: you heard that the president also saying today in a statement that the economy is recovering but there is more work for him to do. back to you. neil: thank you, my friend, very, very much. the president will be there later on today. again all the supply chain disruptions occurring with the backdrop of higher prices. one feeds the other it seems. energy prices have been certainly soaring, when you look at some numbers. heating oil soaring right now 54%. nat-gas, so many others following suit with double-digit increases of their own. here is a thing that worry as lot of folks. doesn't seem to be easing up. grady trimble from indiana where all this could be going. grady. reporter: well, neil, unfortunately the outlook is bleak no matter how you heat your home as we get into the winter months. propane heating will be the hardest hit skyrocketing 54%

compared to last winter. heating oil up 43% to heat your home. natural gas which most americans use up 30%. even electricity up slightly from a year ago. the bad news is that these numbers could get even higher if it's a colder than normal winter. the energy information administration says demand for oil has basically climbed back up to pre-pandemic levels but there is a mismatch between supply and demand. not enough oil being produced even though refineries like the one behind me have the ability and the capacity to process more oil which is turned into the various different types of heating oils like we've been talking about. edward mentioned that cpi number, 6.2%. if you look just energy prices that shows an increase of 30% compared to a year ago and that is the biggest year-over-year se, n n n sin n s nce5.5. lof o criti ccirismticism fro fm

he biden biden deali d d wh this supply and andndnd dd thethe fossi fl fuels indus itr. eitherayayhe ts,s,ea withig h gigasigas t cderder wid with hheome heati heati h h too, toeil. neil. neil ,hank you you very v v v v mu grady trimblele indiana. tnsoins unsns rnsht now, tower o t t f undefor dr eo.. dael, always goodd toavou. iel ielad i a chance to catchah up to california congressman john geir a mend did i, this is from the conversation with the democratic come california congressman. if you knew that was coming why curb keystone or anything else. it seems like in retrospect something stupid. >> keystone, keystone issue

preceded this administration. that is just a small piece of it. neil: no, actually it didn't. he was the president who shut it down, right? >> yes the issue preceded him. neil: but, no it didn't. no it didn't. i'm not saying whether that is his fault or not but he was the one who did it. it wasn't donald trump. >> there is combination of issues at play here. certainly the demand suddenly peeking up. inventory way down and there are those, you mentioned two pipelines. those are all parts of the puzzle. but, neil, we've got to recognize we're moving away, we must, we have no choice but to move away from petroleum based energy system. neil: you know, daniel -- no one cares what my opinion is. we're a news based show but it is fact that this administration shut down keystone. this administration did an about-face on oil production in

this country and shale and all the nine yards. you could be an environmentalist and praise that and all but, and all of this came with other so-called cleaner energy sources but we, essentially shut that down and, you can peg the energy price run-up that we saw, to that development in january this year and it has been prices going north ever since. i think it is fairly indisputable. >> yeah. i watched that in real time, neil. i was actually on a plane, so i was somewhere over pittsburgh and i was able to get live tv. i was watching your show and i so wanted to tweet this because i was so happy you stood up for the energy industry and pushed back. this nonsense that keystone preceded this administration and that you held him firm on this point. what is happening in the energy industry is a direct consequence of multiple decisions. keystone being one but in

decisions made by the department of interior. decisions made by the epa as well as the white house that have either stifled production or they have scared off investors. political rhetoric, political action has consequences. sometimes those consequences take four, five, six months to be felt but we are feeling them now and to blame these outside forces for jennifer granholm, the secretary of energy to blame opec, for other people to blame as we're all helpless little victims here when this is the exact consequence of their actions. what we are feeling is their fault. neil: you know, it is another thing, daniel, i'm all in trying all types of energy but not one at the expense of the other. when you block off, discourage or limiting oil production in this country, no surprise down the road you are holding a tin cup out to opec, and opec plus countries for them to do the work and the production you

wouldn't? >> yeah. we talk a lot about increasing price of a lot of consumer goods and we experienced that, food prices going up, heating oil prices going up. you know what is becoming more expensive? green energy. green energy is expensive because they are made from fossil fuels. coal is required to make solar panels and wind turbines. steel is required. that requires an awful lot of coal, right? oil and gas are needed. green energy is becoming super expensive because fossil fuels are expensive this is having a ripple effect across the entire con. this administration is ignore ant or i believe pushing a political agenda. they don't care the american people are suffering as a result. neil: i always tell people like this, a lot of oil and energy prices are determined in these markets, futures trading markets. if traders got wind of the administration going back to

allow more oil production in this country i dare say prices would start going the other way. what do you think? >> absolutely. the free market is a miraculous thing, right? this administration punished or prohibited further drilling on federal lands. it has prohibited fracking. how much drill something necessary on federal lands? i don't know. the government doesn't know. the free market knows. but the government decided they know the answer so prices are reflecting this, right? when the government is heavy-handed and it doesn't allow the free market to engage, it is felt in the economy. if i, i agree with you. if the administration just allowed the free market to operate, of course prices will come down. investment would return. jobs would return. but this administration just like the obama administration thinks they know best. and their heavy hand is going to stifle or crush the american economy. neil: something to watch. daniel turner, power of the

future, founder ceo. thanks for coming by. >> thank you, neil. neil: let's get the read on all of this from scott martin. scott, i'm just wondering, that the administration goes through to tap the petroleum reserve as at least 11 democratic senators have urged without looking to increase oil production in this country, isn't that like a bandaid approach in the meantime? >> yes. that is what i was thinking, neil. temporary fix to a long-term problem as you and dan talked about. tap the spr, alleviate some of the price pressures into the holidays. january, february, march and beyond, we'll see the administration's attack on fossil fuels, especially oil. you will still have price problems next year. you're right the process the way the administration attacked pipelines, driven up price. we're seeing that come through. neil: let's talk a little bit about the general inflationary picture. oil cominging a a little bit don today, eye-popping 82 bucks a

barrel. gas increasingly costing over $4, some cases $5, how long do you think this drags on? >> a long time. demand is there now. that is the problem. not only reasons we mentioned ago about price pressures to the upside. we have demand coming in with the economy fully reopening. neil, i see real issues at the pump and with respect to the oil prices at the barrel, demand coming back, that will drive up price if we do tap the spr or increase production which is probably unlikely anyway. neil: i noticed in the latest quarter, you know, consumers spending was running at about 1.6% clip. that is down from more than 12% in the prior quarter. so it is very, very clear that americans are slowing down a little bit. when does slowing down become nothing? i mean no change, reversing? >> it could be soon.

you see these price pressures with the energy side of things. you see some other pressures we're seeing at the grocery store. obviously consumers are feeling the pinch here. it could definitely turn into something more, some sort of malaise, especially with now the federal reserve question marks going on with jay powell whether he gets renominate or not. you have pressures on the consumer that you mentioned that were not there even six months ago. neil: scott, good talking to you. meantime the focus seems on the latest jump up in retail inflation running 6.2% clip in the latest month. in case you're counting year-over-year, the type of gains strongest they have been in better than three decades, three decades. it is continuing unabated. so this idea that it is fleeting an short-lived, that does not appear to be panning out. another factor we watch very closely. talk about the consumer, his or her spending abilities, they were taking advantage their homes as a piggybank.

something we haven't seen really before the financial melt down, when people tapped their homes for money. better than $63 billion worth of equity withdrawals on the part of homeowners across the country in the latest period. that was better than 1.1 million cash-out refinancings in the second quarter. these are like late '90s type levels. so they were tapping for cash. now what are they going to do with that cash? ♪.

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neil: did you take out a home equity loan in the recent quarter, second quarter specifically i'm talking about? about $63 billion went out as americans tapped their homes for variety of things. better than 1.1 million cashout refinancings in the quarter. anthony chan joining us, loan depot chairman and ceo. anthony, i believe the highest levels since 2007. obviously before the melt down

and everything else. does that little detail worry you or is this different? >> it is always different every cycle, neil. good to see you. but there are a couple things at play this time. keep in mind, this is the first housing cycle post-dodd-frank, which is the financial crisis of 2007, 8 and 9, and second mortgages are no longer prevalent because how the laws have changed. so lenders themselves are not in the marketplace to provide second mortgages. if you want $50,000 for a new kitchen, typically in the past you would access that through a second mortgage. you would pull out equity because still the best way to leverage a consumer's debt because of lower interest rates as any other loans that are available to consumers. so now the options are narrowed and because interest rates are still very attractive. neil: right. >> you're seeing a lot of

refinance cash outs instead of second mortgages. neil: that makes sense. i guess money is money but, anthony, one thing i noticed we got news a 30-year fixed mortgage back under 3%. what is amazing to me, this is your livelihood, you know far better than i, what do you make of that? the fact that we're seeing rates stay pretty low across the board? >> you know interest rates are at historical lows, neil, and we certainly have that as a direct correlation to affordable housing. so i think it is really important for the feds to keep rates low because it drives affordability to housing and we know what has happened to housing prices post-pandemic as we're coming out of covid. real estate prices continue to go upwards and appreciate. certainly because of that we have lots of movement in the

industry with i-buyer and other activity that is happening but certainly inventoriries are at historical lows. real estate prices are still increasing. what is offset of that is cost of money and lower interest rate helps keep the monthly payment down for homeowners coming in for the first time in the marketplace. neil: anthony, we've been reporting on this show, cathie wood of arc investment fame mentioned zillow's decision to shut down its home flipping unit, buying maybe a precursor to something more ominous. i'm paraphrasing here. do you think that is the case? >> well the way we're looking at it, kneel, we have to keep in mind this is a digital destruction that is happening in the entire world, certainly real estate, finance are not immune to the changes. and i-buying is, the way you have to look at it, it has been

happening in the automobile industry for years. you don't sell your car, you trade it in. so if you take that concept and that convenience rather than marketing your some and having people come through your house, then sew lit iting offers, then there is a delay in how you want to move to buy your new house, when your current house is still for sale, so it makes a lot of sense and the industry is all new at this. keep in mind i-buying in this particular model is all new. so the industry will figure it out and -- neil: do you wonder, i apologize, my friend, i wonder if some of the frothiness we associated with flipping properties, i know this zillow thing was a bit different than that i do remember that, the height of the housing mania, people were getting mortgages, approved for homes with little if any documentation. then they were flipping properties sight unseen, making money, it was great while the

music kept going on, then the music stopped. we know what happened. you don't see what is going on now as akin to that? >> it's a complete contrast to the last cycle. keep in mind the last cycle of housing created by credit. that is you know the lending industry was creating liquidity with loans that ultimately didn't have the ability to repay but some of the customers were taking out loans for flipping. neil: right. >> this time fundamentally credit is strong. that is not to say housing won't adjust. at some point it will, because it can't continue to go up forever, we know that. but the adjustment is usually temporary. but right now fundamentals of real estate as well as the economy is really strong. strong incomes, strong household net worth and overall low ratios and low loan to values. neil: knock on whatever, right? anthony chair, thank you very much the loan depot chairman and

ceo. he was looking at the potential for housing when there was no interest in housing long before anyone else saw the boom, he was right on top of that. meantime here, on top of another startling development on the covid vaccine front, it is getting crowded there. regeneron is latest to say the antibody drug, a heck of a job protecting you for up to 8 months. and the resilience is remarkable. not a single death, very few problems associated with it. we've got the regeneron founder, the cofounder, the president, scientific officer with us, on fox business, after this.

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♪. neil: all right. we're learning right now from the white house 8,900,000 -- 900,000 kids has already gotten the covid vaccine from pfizer. we're hearing from pfizer separately there is strong demand for the fda approved booster shot. it is all the rage. gerri willis keeping track of them. i can't follow all the approval process and how many companies are knee deep in this. reporter: pfizer already asked once for the approval they are asking for now. they wanted to vaccinate the world as a booster, 18 and up. they were turned down, oh, no, people 65 plus. people at risk somehow because of the work they do or maybe a precondition that they have and now they're back again asking for it.

and why? because they have incredible numbers to deploy here. they have results from a phase three 3 clinical trial. 10,000 participants. and get this they show that the third dose was safe and effective 95% of the time, if you give that vaccine dose 11 months after the original shot. they tracked infections that occurred at least a week later. so far counted five out of 10,000, five cases of covid-19 among booster recipients versus 109 for the dummy shot. so that is impressive. neil: wow. reporter: 13% of the population or nearly 25 million of us gotten a booster in the use. most of them, should say a third of them are 65 years old or older. if the fda approves a booster, it will go to the cdc how a booster should be used. pfizer request, as federal officials are concerned about waning immunity as the nation heads into the holidays, the

winter months. nobody wants to take covid-19 down back to mom and dad, grandma, grandpa, spread it through the family. it is time to be thinking about those boosters. neil: and they are, apparently. vaccination rates are moving up again. thank you very much for that, gerri willis. enter my next guest, a key player in all of this, george yancopolos, regeneron cofounder, president, chief scientific officer. full disclosure with this gentleman's fine company, i took his monoclonal antibody treatment for covid just a couple weeks ago. very good to have you, doctor, thank you very, very much. tell me a little bit about this latest antibody drug that apparently is showing some pretty incredible efficacy going out eight months at a minimum. what is going on here? >> well, neil, first of all, thanks for having us on. second as you guys were talking

about, vaccines are a very powerful way to broadly protect the population. you were just talking about some of the recent data, very exciting. the problem is, as we're all recognizing is there are gaps in the coverage provided by the vaccine, and as you know very well, you have been a big spokesman for it, the immunocompromised are particularly vulnerable. there are people, estimated between five and 10 million americans who will not respond to the vaccine. they will not make the antibodies the vaccine is designed to do, the antibodies that protect you. the question what can we do for the people, because all the studies show, from johns hopkins, other studies show the people are not protected by the vaccine and they are particularly vulnerable to getting very serious disease that can hospitalize them and even kill them. so what can we do for them? our drugs is the antibodies that the vaccine is designed to make the body produce. we made those antibodies, we can

give them as a substitute to the people not satisfactorily making a response to the vaccine. it's a way to protect these particularly vulnerable immunocompromised. so our antibody has already been approved to treat people who have, fda authorized to treat the people who are already infected, or, for example, immunocompromised people exposed to somebody already infected. they are not authorized to have a vaccine for immunocompromised who responded to vaccine. that is why the data is so exciting. a single administration of these antibodies will protect people for many, many months, pretty much as well as a vaccine does. now this is a great alternative potentially for all of those poor people, the most vulnerable amongst us, the immunocompromised who don't respond to vaccine, we can give them essentially what is called a passive vaccine. we can give them our antibodies,

single administration will work many month. you can imagine dosing, once or a couple of times a year to protect them just like a vaccine or a booster does. so it's a great alternative for these who are particularly vulnerable. we applied many months ago to the fda for the potential use, provide protection tore immunocompromised but recent data says a single administration last as very long time, makes it very plausible and convenient as a way to deal with the millions of americans who are not responding to the vaccine and so now we are updating our filing with the fda. we really hope that they can act sooner rather than later because there are some, as you know, as well as anybody, so many desperate people who need something, immunocompromised people who have multiple sclerosis, certain cancers, lymphoma, they need something to protect themselves because the

vaccine doesn't work. they are particularly vulnerable. they cannot go out feeling comfortable because they don't have the antibodies the vaccine gives them so we can give them the antibodies, the latest data, one shot a year or may be enough to protect them. neil: even if they're vaccinated or not this is like an insurance treatment, how would you describe it, doctor? >> the problem is, is studies now show for a lot of the immunocome premiced, even if they have been vaccinated they just don't respond. their body doesn't make the normal antibodies normal people make. despite vaccination, they are still vulnerable and can get sick, hospitalized and even die. what we're doing is giving them what the vaccine is intended to elicit from the body, that is antibodies. we're literally giving them a substitute for what the vaccine is designed to give them, protection and -- neil: i'm sorry, doctor, the covid antibody drug you're talking about, how is it

administered? is it injected into you? injected like a monoclonal antibody treatment? how is it administered. >> originally it is a infusion. it has to directly go into your vain. neil: right. >> we've actually shown, the latest study with subcutaneous administration. a simple injection that millions of americans do daily, the people who give themselves insulin, that simple injection can be used actually to provide this protection for all those people who cannot respond to the vaccine. neil: doctor, what is it about covid? i know we're still, we discovered something new every day, where the effectiveness of a vaccine wanes over time? now you keep it going in this particular case, minimum eight months, that is certainly good news. the idea of follow up booster shots. should we treat this like the common flu, yearly shots, is that the way we're going to go

with covid? because after a while it is not like a one-shot deal with measles or mumps or chicken pox or ailments to a lot of younger people today, or will this require you know, annual, or every couple of years treatment? >> yes. certainly we were all hoping that widespread vaccination would result permanent, ultimately herd immunity and we could put this all behind us. unfortunately as you summarize, the data suggests both in the people who do respond for a lot of them, particularly the elderly and so forth, immunity they get from the vaccine wanes over time, so they will need to get periodic boosters. and also we've of course learned, which is also the case for other vaccinations that the immunocompromised just will not respond to the vaccine and they remain vulnerable. and so now we have to take all of these tools, all of these weapons we have available to us

to fight back. whether it be vaccines given probably on a regular basis, say boosters. i don't know what the final regimens will be, say yearly or so forth, but the good news coming from our work and from our recent trials is that now, for all the people for whom, the vaccine is going to work, for 95% of the population but for those people who don't have the immune capability to respond to vaccine there is now an alternative which is pretty much analogous to the vaccine. you will have to get not a booster but essentially a passive vaccination twice a year or maybe four times a year and then you will be as protected as you are from a vaccine for all the people who have lymphoma or myeloma or immunocome premiced or ms, receiving certain treatments, they now have a way to be protected because they couldn't be protected with the vaccine. so that is the big news. neil: you're quite right, doctor, it is incredible. you know what?

i discovered accidentally, i had no idea, by just telling people it's a good idea to get vaccinated i was drawn into a political argument. that was not my intention. you're better for yourself and those around you who could be vulnerable to this if you are vaccinated but of course you would think i was lucifer here but i did want to get your take on people who read of my experience, look, neil was vaccinated still got it. colin powell was vaccinated. he was 84 years old, he was dealing with a separate cancer. no many times you tell people, would hear from quite a few many, still do, it is not worth it. you still get the damn thing. what do you say, doctor, to that crowd, that crowd that says no way in hell am i going to get something that won't do the job? >> well, you get right to the core of why it is so great that the biopharma industry delivered all these weapons. but you have to use the right

tool for the right problem. probably your situation, i don't know enough about your medical history, so i'm just speculating, the same with colin powell, if people, have for example, myeloma, like colin powell had, had a lot of treatments that affect your immune system, or in your case, for example, you may have been vaccinated but you're not the right person for a vaccine if your immune system can't respond to the vaccine. these are immunocompromised people, with multiple sclerosis, myeloma, other cancers, they can't be protected by the vaccine. that is why it is so important we have the a vaccine. to make your body, antibodies against the virus, some people, i don't know the details, people who get sick a lot of them are immunocompromised because they're not affected by the vaccine, they don't make their own antibodies. we make the antibodies that the antibodies can't make. we can give them back to the

individuals who can't be protected. so it is vaccination for the broadest population. all the people who have intact immune systems, hopefully it will work for them. but we have to understand, there will be a percentage of the population, about 5% or so, for whom vaccination does not work. for those people, the good news, is we have this alternative. we can give you the antibodies that your body is not making. so we can protect you pretty much as well as the vaccine does. so some people who you are hearing about, sick and dying because after vaccination, because it is immunocompromised, their body did not respond to the vaccine. we have all the data for those people, can be a vaccine substitute, can save them. we have to use the right tools for the right populations. broadly vaccinate. it will help all the people with intact immune systems. for those who don't have intact immune systems here is a viable

alternative couple times a year, four times a year, you get the passive vaccine, the regen monoclone mall antibody. we hope the fda will agree particularly with our updated data we're about to submit make it available for all the particularly vulnerable people, those among us who are immunocome premiced. it would be great if the fda could possibly act. holidays are coming. great to put so many people at ease. so many understand the risk they're under. they're not resuming the normal lives. they're staying away from daily routines. they're truly prisoners of the pandemic. they're the most vulnerable amongst us. we now believe our data suggests we have a solution for these people but so the right tool, for the right approach, the right medicine for the right case, for the broad population that has good immune systems, get them all the vaccine. for the small percentage who don't get them, regenncov or

other monoclonal treatments. neil: we have the regeneron cofounder, and president. subset of population, 5%. as i told my wife quickly afterwards, honey, i'm special. she was not impressed with that. we'll have more after this. as an independent financial advisor, i stand by these promises: i promise to be a careful steward 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

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gold. your strategic advantage. ♪. neil: all right. session lows for the dow here. we're still waiting by the way, on rivian, electric vehicle maker backed by the likes of amazon and ford. this one has been a fascinating story to follow because originally would be priced at 74 bucks a share level. that was essentially doubled from the early talk. now they're saying when it does debut, maybe 114, $115 a share. this is like a rocket. we'll watch it closely. still waiting for that debut. a good opportunity to talk to scott martin, kingsview asset

management. scott, the right ipo at the right time can tell a lot what clicks with investors. to early to say whether the electric vehicle maker will be that, but it does seem to get the advanced positive buzz. how do guys like you decide where attention is warranted, where maybe standing back is just as well? >> you know, you have to look at the space first and foremost, neil, as far as some of these companies are located. you mentioned this happens to be in the electric vehicle space. the choice is chased up as we speak. start with where the company is operating. secondarily, look at pricing. up another 30 points above the initial ipo price. usually don't chase things like that. companies that come around the appropriate ipo valuation. those companies we like to buy into. chasing starts usually happening after they start publicly trading. neil: people get into ipos of

all sorts. that you stated is a fairly reliable rule of thumb, the fast you come out of the gate sometimes the more problematic longer term. conversely, you know, sometimes, when you stumble coming out of the gate, former facebook comes to mind. it took almost a year before things stabilized t was off to the races all these controversies notwithstanding. do you play these at all or do you hold off until the dust settles? >> we do play them. you mentioned facebook, what a great buying opportunity, fell 50%. those who scooped it in the high 20s, did very well. bumble and airbnb and doordash too. we do play in the state but as you mentioned some things come hot out of the gate and not good stocks to chase. but if they come back with good relative valuation as the ipo we talked about a second ago, they're losing money hand over

fist each quarter but are companies coming public that are attractive. neil: tesla, other electric vehicle players, the stock lost about 200 million in market value over the last couple days. now it is up looks like 40 bucks or so, 1064 bucks a share but what is interesting it all started with elon musk, you know, putting out a on twitter a poll should i sell stock from it. he lost 50 billion in the interim but it does remind you how dependent that stock is joined at the hip to its owner. >> he is a rock star. so what he does affects all aspects of the company and certainly the stock price. funny he took the poll of twitter, ended up costing him more than he actual sold. that sock is volatile. near all-time highs. it will move around. that space, the electric vehicle space is so hot that company will do very well, especially

with a lot of cars they have coming down the line. neil: thank you, my friend. scott martin following all of these developments. we're following progress, i guess they call it progress, among house democrats cobbling together, roughly at one point 85 trillion-dollar spending plan. no guaranties if they get something done in the house that it will be remotely accepted in the senate. why is that? after this.

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♪ neil: big part of roughly trillion dollar infrastructure only package is to beef up rail service and you know, bring up to speed, try to bring up to speed rail all across the country. a big beneficiary will be amtrak. amtrak's ceo will be joining us shortly to give us a sense of where he is prioritizing that billions of dollars of dough. he is next. ♪ ♪ ♪ ♪ ♪ ♪ ♪

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♪ oh, he's leaving on that midnight train to georgia ♪♪ neil: tens of millions of dollars it stands to get from that infrastructure-only package passed in the house and soon to be signed by the president of the united states, it has, shall we say, options. amtrak's ceo william flynn kind enough to join us out of washington. mr. flynn, thank you for coming. >> good afternoon, neil. great to be with you. like the song, like the train. neil: i cotoo. this money you're getting, depending on figure, it could be in the tens of billions of dollars, i don't know how much is exclusively allocated to amtrak, the idea is you can fix

up, retear, expand -- repair, expand existing rail lines. so what will your priorities be? >> neil, it's all of that. 24 billion are coming directly to amtrak, 32 or so is going to go to the fra, and then there's another -- neil: what is the fra? >> federal rail administration. neil: okay. >> and then there's another $8 billion that the federal railway administration will oversee, and that'll be for safety investments, and some of that will certainly go to the freight railroads are. so of the $22 billion coming to us, we're going to invest in our northeast corridor, washington to boston the, and that's about picking up and completing deferred maintenance and repairs that we need to do, investing in my train sets, invest -- in new train sets and the balance will be in the national network. our national network other than that northeast corridor, again, looking to grow and expand service, invest in train set asks if vehicles -- and in

vehicles and invest in stations and oh structures. the federal railway administration, the fra, the dollars that they have, that on the northeast corridor will really go and be focused on repairing and bringing up to standard the key infrastructure that exists along that northeast corridor, bridges and tunnels, as well as there's additional dollars there for investment in inner city passenger rail outside of that northeast corridor. it's transformational on many levels. neil: you're obviously a big believer and backer in president biden, of course, who has a long history with amtrak, took it back and forth to delaware as a senator for the better part of 40 years, but not of the lot enthusiasts in the nation collectively who think however popular in the northeast corridor and goals to expand, that the whole rail thing is passe. what do you tell them?

>> well, i don't think they have it right. i think, you know, as i reflect on pride aren and what he said -- president biden and what he said about amtrak and about the railroad, it's about the difference it made in his life, but that's the difference we make in all of our passengers',, 8 million of ourif 32 passengers are on the the west coast. and once you look at the network that we operate in and out of chicago, for example, and across the mid. and so -- midwest. so i believe that inner city passenger rail has a very important role in our nation's mobility going forward. we were growing and will grow post-pandemic in terms of our passenger ridership, in terms of greenhouse gas emissions and other environmental considerations, we have a very compelling story to tell the. our biggest growth of riders in this recovery has been people in the 18 to 34-year-old segment,

and that's very new for us. and then if you think about folks who are my age or older, you know, as our population ages, as that segment becomes greater, inner city passenger rail is a very viable means of transportation for folks along corridors like the nec that might be 400, 450 miles in length. certainly the west coast as an example, but corridors we don't serve today, the front range in colorado, nashville to atlanta, for example. columbus to -- or cleveland to cincinnati. neil: so clearly, you are expanding these other markets. amtrak included, trains run late and conditions always seem to be problematic. now, i know part of this whole package is geared to improving the infrastructure around that from the tracks to the trains themselves. but there are young people in particular who are leery. you talk about getting them won over here. maybe you'll promise to, you

know, cut down on emissions by 40% by 2030, but will that be enough to draw a crowd to train travel that doesn't appear there now? >> no, that's not enough. that's an important consideration. what we have to do is provide a service that people want to buy. i think that's the underlying point of your question. will we run on time, will the trains be modern, will there be good wi-fi and other customer amenities. how about my seat and my leg room, my ability to get up and move around. those are all the areas of focus for our investment. we're taking delivery of our newest train sets here in 202 the, we just placed -- 2022, we just placed what is ultimately an order for 83 new train sets that will be running in -- neil: what about faster trains? of course we know many asia where bullet trains are very popular, that seems to be a technology that piques a lot of

people's interest. of course, that's not part of what we're talking about here, i understand that, but do you think with all this commitment from rail it should have been? >> well, a couple thoughts there. i lived and worked this japan for a number of years, so i know bullet train really very well, a train that can go 220 miles an hour. but but the average speed is 135 miles an hour because the train stops at stations in between. high-seed rail certainly should be part of amtrak's future, should be part of our future. that's a 15-20 years away in any country or society that started from scratch, germany, for example. but with the investments we're going to make on the northeast corridor, with our new train sets and inner city rail trains, we will take the travel time from from washington, d.c. to new york down to about 2 hours and 10 minutes, 2 hours and 20 minutes. you can't drive that that quickly, and if you go to the

airport, work your way through security, get on a plane and three down there, you can't, you cannot beat that transit time. in fact, we have an 84% market share today between washington and new york when you look at the totality of people traveling air and traveling rail. and we can replicate with conventional rail those services elsewhere across the country, and they will meet people's requirements because we know we've got to be competitive to the alternative. and then this dense corridors -- in dense corridors like the boston-d.c. and california, yes, that will support high-speed rail. we'll have a whole other set of investments to make, but you need population along a dense corridor running side by side with conventional rail like we do today. i'm excited about it. neil: well, as long as you can get people in the quiet cars to stay quiet, we're off to the races. in flynn, thank you very much.

amtrak ceo. rivian, i understand, has opened. guys, do we have a quote on it? $110.80 a share, up $32 or about a 42% runup. and keep in mind a long while ago they were looking at 36-38 a share, up into the upper 40s, then they were around the 72-74 range, now north of $110 a share. it's getting all the buzz right now. rivian, of course, a big player in the electric vehicle market backed by the likes of amazon and ford. and with friends like that, you're going to get a lot of investors saying let's look into that, let's buy into that. so far they are. keeping a close eye on that. back to developments this washington here, we told you about the infrastructure-only package, early men fish ilys like am -- beneficiaries like amtrak. and now the big, big spending package. about $2 trillion when all is said and done.

but what happens in the house might not entirely jibe with what happens in the senate. chad pergram with the late on all of that. chad. >> reporter: good afternoon, neil. well, first, democrats must move their social spending bill through the house, but what gets cut is a big question. >> that is our plan to pass the bill the week of november a 15th as is indicated in our statements that were made at the time of passing the infrastructure bill. >> reporter: even the congressional budget office says it's a, quote, complicated bill. that means it could take a while to compile final numbers for the bill. partially restoring the suspect a.l.t. deduction loses revenue, saps about $200 million in taxes, but lower revenue could make it a challenge for the bill to comply with strict senate budget rules. expanded medicare benefits ask paid leave may also be out, and hen there are concerns about

inflation -- then there are concerns about inflation. >> they may not be able to get the things they need for thanksgiving, the they do, it's going to cost more. if they travel, it's going to cost more. this infrastructure bill, again, especially the one that the president still hopes that congress passes, will do nothing except headache those problems worse -- make those problems worse. >> reporter: even though progressives scored many of their priorities in the house bill, they may evaporate in the senate. democrats are trying to sweeten the pot by including immigration provisions, but those face a challenge from the senate parliamentarian. neil? neil: chad pergram, thank you very much. scott worlden, former d.c -- scott bolden, former d.c. democratic party chairman. scott, we're seeing more signs of a divide among democrats certainly in how to handle this bigger spending package. moderates are very leery will have going in too deep or too far or too pricey. progressives trying to push it

as far as they can. do you think this even happens this year? >> i think something's going to happen this year. you say it looks like we're seeing more separation. the dems have been separated on this issue. this isn't a new effort or initiative on their part, but they waited and got the infrastructure bill done, the first one, and now they're looking for this to be the payoff legislative pitch. i'm not convinced they're going to get it because these programs, while helpful to all americans, to you will, you've got to figure out a way to pay for it which is why cbo is so important. i've got to tell you, what happens with the progressives, they say we spend billions on defense, we spend billions on other countries, and yet universal health care, universal pre-k, climate change are real and now, and we don't these to be compromising on that because those initiatives save america. got it. moderates will say, well, how you going to pay for it and how much is it going to cost. and when you can't come up with

those numbers or it's difficult to or it's going to blow a hole in budgets, that's the divide. and that's the divide that needs to be closed between the democrats before they can even move this bill into the senate. neil: you know, and then there's the trouble in the senate, right, phil? if every indication that the zeal to fix s.a.l.t. thing, the state and local tax deduction, getting rates to as high as 80, maybe 100 grand, that might not fly in the senate as well and gets kicked back to the house. it just sounds, to he, like a mess. >> yeah. scott did a really nice job laying out the deficit the democrats are confronting right now. you have progressives and moderates who are at odds and not just in one chamber, but two. if you are one of those republicans who backed the infrastructure package to begin with, one of those 18 senate republicans or 13 house republicans, you are seeing this as a little bit of a silver lining. because their argument is, look, we papassed what was -- passed

what was actually closed infrastructure, what was defensible, and thousand progressives don't have the, they don't have the leverage that they needed before. we've decoupled them, and we'll get back to letting them fight another. neil: i'm just wondering, scott, the if some of those moderate democrats who were onboard with this, you know, only 6 opted out, largely progressives, i believe, but moderates, the understanding that at least progressives felt that they would vote for package if not all of them, do you think that's the kick? >> i think there'll be pressure felt by the moderates to do something in regard to the progressives. but let's be really clear, we're all looking at 2022. the moderates don't want to be painted as, quote, ab normal democrats or -- abnormal democrats or progressives -- neil: and, by the way, 6 progressives didn't vote for the infrastructure package. they could come back and say, well, you can't cosquat for me,

so i'm not going to do squat for you. >> well, but they did. they negotiated in good feat at the table, and i think -- faith at the table, and i think the progressives are letting the $1.7 trillion deal go through, what i call the real structure piece. neil: right. >> there'll be some pressure from leadership on the house side to do something for the progressives so they can claim a win. the problem with the moderates is if they give them that win and you're facing inflationary times and you're facing all kinds of other challenges because of covid, now the moderates have to get reelected. folks like lucy down in the 5th or 6th district in virginia, she can't get reelected if she's seen as very progressive because that's a former republican district. the moderates have to walk a tight line, a fine line, and pelosi's got to protect them. that's the hard part, it's really challenging. neil: gentlemen, we have to have a burger bet, because i'll bet you each a bigger it's not going

to happen this year. >> i'll take that bet. [laughter] neil: guys, thank you very much. i apologize for the short nature of this. by the way, we are getting word and it is official right now, our return trip to the moon is pushed back another year, 2025 at the earliest. this gigantic artemis rocket that nasa's been building what seems like forever, three times the power of the saturn 5 that brought us to the moon, it's not ready for prime time. china, meanwhile, going full throttle. more after this. ♪ ♪

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fortunately, xfinity makes moving easy. easy? -easy? switch your xfinity services to your new address online in about a minute. that was easy. i know, right? and even save with special offers just for movers. really? yep! so while you handle that, you can keep your internet and all those shows you love, and save money while you're at it with special offers just for movers at xfinity.com/moving. neil: all right. of course, everyone knows we got to the moon first, but we won't be first getting back to the moon, not as things stand right now amid reports that nasa's had to push back at least a year, to 2025, plans to return to the lunar surface. remember, there was big talk of having first woman on the moon as well as the first minority. but all that's going to have to wait even as china and other countries go full throttle to

reexplore a place we last left some 50 years ago. matt finn on what happened. matt. >> reporter: hi, neilful well, here at the kennedy space center the spacex falcon 9 rocket is set to launch in about 7 hours and 45 minutes. this rocket has to launch at exactly 9:033 p.m. tonight in order for it to line up and dock on the international space station. now, this rocket is a partnership between nasa and elon husk's spaceand. -- elon musk's spacex. they will work on the international space station for six months. they'll perform scientific experiments. the rocket was scheduled to launch on october 30th, but it was repeatedly delayed, and last night the previous iss crew edged their rotation, landing back here on the gulf of mexico. there was an issue with the

toilet on the spacecraft, and nasa tells us the astronauts had to wear diapers for their curve. this is an evening launch today. in just a few hours, this rocket will be wheeled out, and the pod blasts off during the night, we're told it will light up the the night sky like the sun is rising. we'll be here throughout the day and hopefully be able to show you the video tomorrow, neil. neil: in concert with nasa, but stop me the you've heard this before, that is the private initiatives that are making these big financial commitments and steps and positive press reports as well whether you're talking spacex or elon musk, richard branson and jeff bezos. some thoughts from former nasa astronaut clayton anderson. clayton, what do you make of this delay at least this our curve to the moon by up-- return to the hoon by upwards of a year? we have nothing to be ashamed of, but china is rapidly filling

that void. a number of manned missions hopes by next year or the year after to have a manned mission. what do you make of this back and and forth? >> well, i never give up hope, neil, and it's great to see you again, by the way. it's all about what i call -- the three ds of space flight, danger, difficulty and dollars. in this case, i think you have to follow the money. part of the difficulty of awarding a contract to spacex for a lunar lander and then having bezos and file a lawsuit, that delays, i get it. covid delayed things a little bit. but if you think back to when we went to the moon for the first time, president kennedy made a very aggressive commitment to do this, and everyone was we if hind it. behind it. that's, to me, the key. everyone got behind that goal to yet to the moon before the decade was out. we don't have that anymore. we don't have that commitment there congress in terms of getting us the money. we're having to reach out now to

these commercial companies to come up with landers, to come up with gateway space stations, to come up with new space suits. i think all this involvement makes it more difficult. but i am hopeful that we will continue to maintain our preeminence in space exploration. neil: you talk about days of the sold soviet union, and that was our catalyst that led john f. kennedy to remind people you don't want them to beat us. could china play that role today as the nemesis we don't want to win this race in. >> absolutely, neil. and, you know, you and i have talked about this before, i'm a big advocate for america partnering with china in space in terms of their space station and our space station and astronauts. you know, i don't know, i'm not smart enough to know if that would help anything, but i don't think it would hurt. but having china as an instigator much like we used the

soviet union as an instigator back in the '60s, the that pushes us to be more aggressive of, i think that's a good thing. we can do amazing things aggressively, smartly, safely if the, as i said before, everyone is onboard. ask i think that's the thing that prevents us these days, is having everyone onboard with the goal to actually get after it and do this. much like spacex has done with their aggressiveness toward putting astronauts on the space station. neither neil this artemis rocket, clayton, i mean, obviously, it has uses way beyond going to the hoon. you want something with power to take us way beyond the moon and maybe the moon becomes a sort of, you know, launching pad for all of this. is that how it's envisioned? >> i think that's part of it. if my memory serves correctly, you know, the sls was another

battle years ago pushed mainly by congressional members to keep it being built in america and not rely on other companies and organizations that already have rockets. so, you know, can we do it? absolutely, we can do it. do we know the thrust and the power and all the things we need to meet to our objectives? of course we do. but when you throw everything into a project like this, that project sort of becomes the long pole in the tent. and if it has issues and delays and money problems, it's going to slow everything down. so i think this is above my pay grade a little bit -- [laughter] but i think we could do it with a little more aggressive pursuit. neil: got it. clayton, it might be above your aggrade, but not above your knowledge grade. clayton anderson, former nasa

astronaut, space launch system, one of the most powerful rockets we have ever built. and that is the goal of artemis, to be that and then some compared to the last big one we had which could go pretty far -- to the moon, for example. this is that on steroids, and those steroids are now delayed. stay with us, you're watching fox business. ♪♪ you can make it if you try. ♪ you can make it if you try ♪♪ ♪ (man) still asleep. (woman vo) so, where to next?

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report, running at a clip we've not seen since ronald reagan was president and before madison alworth was born. she's here to report on what's happening now and not going away. madison, this doesn't stop. >> reporter:. neil, it is not looking good, like you said. these are highs that we haven't seen in decades. the consumer price index out today, we're seeing an increase of 6.2% from october of last year to october this year. that's how much you're paying for goods across the board. but one of the categories that is contributing to that significantly is items at the grocery store and in particular it's protein. so take a look at some of these increases that americans are experiencing. meat prices are up over 14%. bacon, neil, bacon, that's up over 20%. fish ask seafood up -- fish and seafood up 11%. and while wages are increasing, and we've seen that increase at 4.9%, it's not keeping up with those inflation rates of the

cost of goods. the economic picture is worse than what analysts expected. they were anticipating something lower than that 6.2%. and things that are leading to this problem include things from labor shortages to the supply chain delay. those in the industry say to expect a bigger bill especially with the thanksgiving season and with your turkey. take a listen. >> they're going to see a minimum of 10-a 15% higher, especially thanksgiving. and we're going to have shortagings. so i'm saying to people, buy early. don't take a chance on being short something essential for your thanksgiving or your christmas to come. >> reporter: so, neil, the prices are concerning, the supply chain helping to drive those prices up. but also it's creating a problem on the shelfs. so it's not always the picture that you see here. it looks full, but all you have to do is pull one of these boxes, and you see the supply chain issue up close. not only are americans dealing with those rising prices, but

it's a matter of if you can even get your hand on the supply. neil? neil: wow. and the bacon thing just blows me away, madison. i'm told that arugula prices have barely budged -- [laughter] and i told someone, it's arugula! all right. let's go to lydia hu, our own mike gunzelman as well. lydia, the argument goes that people pivot and adjust when they see higher prices, and one thing they go to, you know, either lesser quality, lower price alternatives. but even the other alternatives have been running up. so how are consumers, you know, playing this? how are you playing this? >> yeah. you know, like a lot of people, looking for the not name brand, maybe the generic versions, because often times those are less expensive. but those are going to be, you know, not available for very long if everybody's doing that. and then if you pivot to thinking, well, maybe instead of turkey, we'll have ground beef, well, the news there is those

prices are up too. so there's kind of no escaping this. neil: someone toll me tofu is at $4 -- >> you can let me know how that goes. [laughter] neil: what are you doing, my man? >> for the last year and a half, i was one of those people who just bought things, and i was saving money because i wasn't going anywhere. i bought the elton, i don't know -- peloton, i don't know why, but i still have it. [laughter] neil: you could trade that in for some ground beef. >> i bought it and then found out i don't like biking. but also -- [laughter] the instagram ads, you're scrolling through and spending money, buying things left and right, but now it's gotten to the point where i'm definitely looking at what i'm going to be spending my money on. and more importantly, i've been coming on here for the last two and a half, three years saying i can't wait for things to reopen, i can't wait to go out, and is i did over the summer, but now i'm definitely scaling back realizing that this isn't going to stop anytime soon --

neil: when you say scaling back, what are you cutting back on in. >> going out as much. say, like, to the bars or going out to events -- >> neil: you're such a social person. >> and that's the thing, i love life. you know if i'm cutting back, that's a bad sign. newneil: neil lydia, a lot of yg people are feeling this on the chin, and i'm just wondering when people are told the, don't worry, we're through the worst of it, things are going to stabilize, the administration outlined today this idea that the supply chain disruption will not get in the way of you getting gifts and other things under the tree this time for christmas, do you, when you talk to young people, do they believe it? >> no, i don't think they're buying that. think we're seeing the prices going up, people are not able to buy the gifts that they want, and we're hearing that gas prices and food prices are so high, you can't reallies cape it. there's this -- really escape it. those core prices are feeding into all the things that we're

doing. fuel prices are higher, the cost of going out is higher -- neil: you're not going out as far as gunz is going, are you? >> what i will tell you, i don't like to cook at home, it's actually a chore, not a pleasure, but we're not eating out as much because of it. neil: really? >> yeah. we're kind of in the same boat. we are staying home a little bit more. >> it's interesting, because it's almost a perfect storm of what's happening because everything's getting more expensive during the holidays when peopl want to travel and see their friends and family, but also the winter. the weather's going to have a huge effect. i feel bad for the small businesses and restaurants because there might not be an incentive for people to go out -- neil: you're not helping them. >> exactly, because of the prices. i'm till going to -- neil: wouldn't you sacrifice for them? >> i have, but it is a real issue that's not going to stop anytime soon, and we've gone from 0-60. it's a rude awaken, i think, for a lot of people that just

thought, oh, that's everybody else's problem. no, it's your problem now, and the politicians that are demeaning us, you know, we're getting the blame for it. we didn't do anything wrong. we listened to them for the past year and a half. neil: you got a peloton. >> i helped the economy, right? [laughter] neil: what would you guys be willing to keep -- i always say inflation stops when we stop paying higher prices. are there some things that the you would continue to pay more for because either you really, really like 'em or you really, really want 'em or your family really, really likes or wants 'em? what would you refuse to give up even as prices rocket? >> you know, the pandemic, if it's taught me anything, it's the difference between a want and a need, and i've learned i can live with a lot less. if i don't have to have -- you need housing, food, shelter -- neil: what's a food item? what would it be? for me, i'll stick with processed meats and cheeses for as long as possible. but what's the cutoff point for

you? >> ooh, i love cheese, i love bread, i love pasta,ing i can do without the meat, honestly. neil: gunz, how about you? >> pizza and bacon. sign me up. even though the bacon prices are high -- neil: bacon on the pizza. >> there you go. i like your thinking, my man. [laughter] neil: all right. guys, i'm not too worried about you, gunz -- >> i need a lot of help. sos, help me. [laughter] neil: food products and processed meats and cheeses. we have a lot more coming up including the the back and forth among lawmakers to try to get a package done. but the killer is, i can't believe this, it's not a matter of just getting it through the house, now the senate -- also controlled by democrats -- is saying we don't like what you're cook up. after this. ♪ ♪

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♪ neil: all right, international travel is on, resorts, airbnb, all the draw. susan li on particularly what happened on the airbnb front. she joins us right now. susan. >> yeah, neil, we're just getting first commentary from travel giant achier -- airbnb, and he talked about global travel especially after the u.s. reopened to vaccinated international travelers this week and if what this means for airbnb's bottom line. >> when it was announced that the borders were going to be reopening in november, we saw i that searches amongst foreigners coming to the u.s. increased 50%. it increased by another 45% more recently in october when the november 8th was announced as the date that was going to happen. so there's huge pent-up demand for cross-border. >> yeah. so remember that airbnb is

coming off a strong quarter where sales almost quadrupled. 20% of their bookings from july to september are stays of a month and more, and nate says remote work is here to stay, and travel trends have changed. >> simply during the pandemic, you know, rural states have been much more popular. people were staying nearby. we think that will continue. you know, when we survey consumers, they're saying that with this flexibility, they imagine taking long weekends, traveling on off-peak days, mondays and tuesdays have been the fastest growing days for travel on airbnb. >> so as a result, airbnb is adding 50 new features that support remote work, verified wi-fi for those gazillion zoom calls that people have to get on. you know, neil, maybe he's overshadowed by brian chesky, but he himself is worth almost $9 billion. those three cofounders have done pretty well. neil: that's amazing.

susan, thank you very much. susan li following all of that. meanwhile, we're getting word from across the pond that nancy pelosi pushing on climate change our military moving away from fossil fuels. i'm thinking to myself, self, the military moving away from fossil fuels, what could possibly go wrong? ♪ down the highway -- ♪ let it roll down the highway. ♪ roll, roll, roll ♪♪ we got this. we got this. we got this. life is for living. we got this. let's partner for all of it. [ kimberly ] before clearchoice, my dental health edward jones was so bad i would be in a lot of pain. i was unable to eat. it was very hard. kimberly came to clearchoice with a bunch of missing teeth, struggling with pain, with dental disease.

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♪ neil: all right, sort of a strange push right now we're getting abroad from nancy pelosi telling those, you know, pushing this climate change issue that the u.s. military will be participating as well, urging them to sort of wean themselves off fossil fuels as we know it. a little more complicated. hillary vaughn following on capitol hill. what are we talking about here? >> reporter: hi, neil. well, came from yesterday when speaker pelosi at this climate change conference in scotland was asked by a questioner why the u.s. military is not playing a larger role themselves in the climate conversation. and pelosi agreed that they should be. >> -- pentagon is a larger polluter than 140 countries combined.

>> we recognize that as well. and a big user of fuel. there have been many initiatives over time more successful with more technology to convert or from fossil fuel to other, other sources of fuel to run the military. >> reporter: the d. of defense announced this week military vehicles are are going green, and it's not just noncombat cars and trucks, but also tactical vehicles will go hybrid, using a mix of fossil fuels and electricity. that's good news for the climate activists that really pushed to get decarbonization and demilitarization on the the agenda at cop26. the observatory group saying, quote: militaries are huge energy users and contribute significant emissions as well as causing wider adverse environmental impacts the from trainings, activities and operations. militaries and the industries that support them can no longer be viewed as exceptional and

must take urgent and significant action to reduce their missions and environmental boot print. but retired general rob spaulding, a former w-2 stealth stealth -- b-2 stealth pilot, tells me our adversaries like china and russia are not worried about their carbon boot print. >> chinese and the russians just do what they want. not only do they not care about the carbon toot print of their military the -- footprint of their military the, they don't care about their carbon footprint period, and we're supposed to defend the world. i would hate to see how long it took to charge an electric tank. >> pentagon chief john kirby was asked when we're going to see potentially battery-powered fighter jets. he wouldn't give a time toline, but lucas also asked him where does this threat rank, climate change versus china the in terms of the national security threat,

and kirby said those two in the eyes of the pentagon are equal threats. neil. neil: hillary vaughn in washington. meantime, you heard a lot about the supply chain disruptions right here, plenty of tankers off the western coast of the united states, of course, getting the stuff off of those tankers and onto trucks is the problem here, not enough drivers, all of that. now ahead of veterans day, a unique idea. we see partners finding a virtual way to get this done led by a vet, no doubt. jack kennedy, platform science founder and ceo. this is interesting. tell me how this works. >> well, platform science provides what we call a virtual vehicle which makes it as easy for developers to create applications for vehicles as it is for your smartphone. so if you think about the days when you had a flip phone and you had two or three applications on it and how smartphone completely changed the way you live your life, we're providing technology similar to that so developers

can solve all kinds of problems in the cab without any if additional hardware. neil: will it be -- some look at it in the future driverless, the technology is there to do that? >> well, driverless technology is certainly transformative for vehicles, but what you do with a driverless vehicles will depend on what applications service that vehicle directly. again, you can't imagine -- if you think about when you got your first smartphone, there wasn't that many applications then, and think about what's happened since then. the same thing's going to happen with autonomous or regular vehicles that have this technology, people are going to address specific problems in visibility, vehicle performance and vehicle allocation on our roads and at warehouses and ports using technology like these. neil: you think of veterans and their background and the experience here and the knowledge base they bring to the table, how do you woo them and get businesses to woo them? >> well, it's funny you say

that. in trucking, the best fleets make it a primary objective to woo them. if you look at any of the large fleets, schneider or j.b. hunt, they headache a very concerted effort to differentiator their -- differentiate their recruiting. in some cases they even differentiate on compensation for people with that experience. military drivers are a very big, important -- very big part of culture in some of the best leak leagues. neil: the i could get back ott bigger picture here, and it's sort of an obvious moment to me i wish i had thought of earlier, and that's notion that it isn't just the cargo ships, it's getting the stuff off the ships and doing so in a prompt manner. because even if you're able in the 24/7 environment as the president wants in california, you need a lot of people to do that. but specifically, you need to get people to handle that last

part of the journey getting stuff out of the ship, into a truck, to stores and entities around the country. how do you do that? >> well, you're describing actually several pieces. and i want to give one sort of controversial point of view. we talk about the supply chain, i think people have that confused with the internet. the internet is wires and switchers and routers and rules, but the supply chain is kind of an ad hoc coming together of a bunch of organizations and people to move things from point a to point z. some are drivers, some are ships, some are long shore hen. so to your point, what's really missing is the says about all the -- visibility all the way through the supply chain and whether that's in vehicles, so you have the right trucks at the right port or the right warehouse at the right time. it's building in efficiencies that are dramatically extending this problem, and that's the work we're trying to repair. neil: well, very promising

developments here. i you all the best. jack -- wish you all the best. jack kennedy never forgot his roots. now he's trying to help us all out. win-win. more after this. ♪♪ starts when you're always afraid -- ♪ the man come and ache you away. ♪ we better stop the, hey, what's that sound? ♪ everybody look what's going on -- ♪♪ ♪ . .

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visit findyourindependentadvisor.com ♪. neil: taking a look at rivian right now, the electric carmaker, under 100 bucks a share right now. launched a little bit north prit 72 to 74. having a bumpy day, crazy day, here is charles payne. charles: thank you, neil. hello, i'm charles payne. this is "making money." breaking news, you don't have to tell everybody on main street that the nation is in insidious inflation crisis. the market for the most part ignoring the news. the white house keeps telling everyone there is nothing they can do about it. meanwhile wage gains are being wiped out, folks. will this put brakes on economic revival? battle since the biggest ipo facebook.

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