♪. ashley: all right. earlier we asked who has the most followers on instagram. lauren want to take a guess? >> i know this one, i'm confident number one cristiano renaldo. portuguese football player. 457 million followers. now it is time for neil. take it away. neil: very sorry, stu, sorry, ashley, kind of out it here. we're following why your markets are not moving. they're not moving because of the juneteenth holiday here. they're advances on finding perfect balance avoiding recession getting inflation under control. that was on mix >> it. tomorrow trade, a cash trading

is a tomorrow event. we're a long way for tomorrow, aren't we? with summer officially arriving tomorrow, we are getting transportation headaches. transport tech station pete buttigieg is looking how the airlines keep screwing this up. one of his flights was outright delayed and canceled. he had to find an alternative. not the only one as jeff flock can tell you with the latest at philadelphia's airport. reporter: one of thousands, neil, who had to get in the car from drive to d.c., secretary buttigieg. it was a terrible weekend. things are calmer now. we're getting do delays and cancellations piling up again. look at the number. 322 cancellations today. delays, 1347. that ain't nothing compared to what it was this weekend. between thursday and sunday, you know i know it is father's day,

i know it is juneteenth weekend, still 19,000 cancellations delays. places like seattle, atlanta,jfk was bad. part of it weather, yes but part of it is staffing. that is what secretary buttigieg is upset about. the federal government could crack down on airlines, perhaps fining them if problems continue on delays and cancellations. delta led the way on cancellations. a watch a war of words between delta pilots they wrote to passengers. we've been doing our part. working on days off. flying record amount of overtime. by the current rate, pilots will have flown more overtime in 2022, then the entire years of

2008 and 2019 come binded. delta struck back. we have challenges with air traffic control, weather, urn scheduled absences in some work groups. still a problem finding enough people to dote get you where you're going. we're not getting you where you want to go. neil: we're not in the busy part of summer. reporter: not yet. neil: you're right. yes, thank you very much for that. by the way the baden administration is also taking a look what is happening at the airports, along what jeff is outlining hinting with some help on the roads. if you don't fly when it comes to gasoline, apparently decision on a federal gas tax holiday could come as soon as the end of the week. the federal gas stacks is 18 cents. a little more for diesel. that might be stalled or delayed for a while.

we just don't know how long or if it is coming to pass. one way or another we'll find out by the end of the week. edward lawrence at the white house following this and other developments. neil. reporter: this is coming from the president. he walked over to reporters while on the beach in delaware a a wide-ranging interview on a number of different topics. on gas tax holiday he will make his decision by end of this weekend. another on student loan debt forgiveness. he is close to what to do going forward related to that. he also says he does not plan on going to ukraine during his international travel he has scheduled the next two months. he has representatives that have been there and he also said a recession is not inevitable. secretary janet yellen, treasury secretary also said she is not forecasting a recession. she said that over the weekend. she is also refuses to do a interview with fox business

network since she took the treasury secretary job. i have asked her seven times to come on. the administration will paint a rosy picture when americans and companies are looking at highest inflation in 40 years. >> we are in stronger position to tackle inflation more than any other country in the world. that is what the president needs to do, the president made it clear, fighting inflation, bringing down prices is his top economic authority. he is using tools he has, calling on congress that would help to accelerate this process of bringing down prices without giving up all the economic gains we made. reporter: so the president pushing more spending to lower costs, not really inflation. now the strategy is trying to send a message of hope, hope and belief that inflation will come back down as supply issues work themselves out. forecasters see chance of inflation rising because of inflation, very high energy costs. adding to the risk of recession. also higher borrowing costs.

the federal reserve aggressively raising interest rates, continued issues with global supply chains all adding to the recession fears. republicans say this is purely caused by president biden's policies. >> the president isn't really interested in unleashing american energy. i know he is trying to threaten american energy to produce more, refine more, but truth of the matter he is the one that put the brakes on it, boasted about it, continues to with the climate change sort of extremist. reporter: again the president at his beach house, speaking to reporters on the beach. he is expected here back at the white house later on tonight. neil? neil: edward lawrence, thank you very, very much. to follow up on something edward said with carol roth, small banker, author of war on small business, mark tepper, strategic wealth partners. as you heard here the president might make a decision one way or the other by the end of this week whether to temporarily lift of the federal gasoline tax,

18 1/2 cents. would that move the needle much, carol? >> i mean, it is like all of their other proposals, it doesn't fix the root of the problem. it would be great for us to not be swimming in gas taxes which happens usually at the state and local left there is some federal component but the bigger part is usually state and local. whether it is canceling student loans or suspending the gas tax, they don't want to get their hands dirty. they don't want to fix the actual problem. they want to kick the can undo the road. at some point we have to address the root cause issue and the tax isn't a great thing but the issue is the energy policy. if he wanted to actually do something, neil, he would do a 18 on energy. neil: other presidents have done 180s and it has not hurt them. bill clinton famously after the midterm debacle for democrats, not only changed the view of the parade but ultimately led it on

era of big government being over. there is precedent with presidents changing their mind. i don't know what will happen here, mark, but if the president said i would open a lot more lands for oil exploration, not just limited lands, everything, put it all out on the table and maybe send a signal that keystone isn't entirely dead. we know oil trades on the open market. we know none of the decisions would be immediate or bear immediate fruit but how would that change things? >> right. i think it would rab big deal because all of these energy companies, they want to be in business for the next 20, 50, 100 years but the administration has had them in their cross-hairs, really dating back to the campaign trail. president biden vowed to bankrupt oil companies when he was running for offers. and they put the cross-hairs right on the backs of every single one of these energy companies. you know, neil, to your point, to carol's point, it has been

textbook policy error. when you have executive order after executive order, after executive order without really thinking through what the long-term implications are from the keystone xl pipeline to federal land, all of that stuff, that puts you in a dangerous position with regards to the ramifications of those decisions and look, if we expect the energy companies to invest in their businesses so they could at some point ramp up production, to your point it is not an immediate solution, it is more of a long-term solution they have to believe they will be in business for 10, 20, 30 more years. otherwise they're not going to invest in their businesses and they will do what every individual will do if you weren't going to get paid next year, you will make as much money as possible this year. i do think the long-term strategy is to play nice with the energy companies. try to get on their good side so

they do fight for the greater good. neil: a lot of them, obviously being fingered for all sorts of abuses, of course in this environment making a bag situation even worse. they're less receptive to that. be that as it may, i always argued, carol, oil companies are in business to make money. before they were not making a lot of money. if they have opportunity toe drill, make more oil, can see in the it the in supply and demand world to drill it would be in their interests to do so. leaving that aside, carol, where do you see this going? a lot of people debate whether we're in recession now. the administration doesn't think we are. they say we can avoid it. other economists say next two years we'll hit one. that is not exactly a bold prediction but still a long ways off. where are you on a recession? >> if you look at the components what makes up gdp we know the

government is trying to bring down spending. so we have to make up that difference. so then it falls, obviously the dollar is strong t will not be net exports. it falls on business investment. obviously the businesses, biggest ones in the market are getting hammered. don't think they will make up the difference on an inflation adjusted basis. then you have the consumer which of again is having to spend all this money own gas and food because of inflation. on an inflation adjusted basis it is hard to filling out where that delta is coming from. and on top of that, fed actions trying to cool the economy that is code for stopping consumer spending. those two things are very much at odds with each other. i don't see at some point, just from a math perspective how we don't end up in something looks pretty much like recession even if they don't call it that. neil: it is all in the numbers. a lot of people, you feel it. that will be the big distinction

here. guys, don't wander too far. i want to pick your brains what is happening with the unionization push. apple the latest. we've seen it at amazon. we've seen it certainly at starbucks. it is expanding. i want to get your ideas how specific that is. meantime stocks may not be trading because of the juneteenth holiday. it's a relatively new federal holiday. bitcoin, currencies trade around the clock. if you've been following bitcoin over the last 48 hours, it has swung in a 20% range. as low as 17,000 something per coin to where we are, $20,644 per coin. what the heck is going on? after this. ♪.

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♪ ♪ how's he still playin'? aspercreme arthritis. full prescription-strength. reduces inflammation. don't touch my piano. kick pain in the aspercreme. neil: all right. you know stocks are not trading but as you know cryptocurrency, they trade 24/7 and bitcoin gets the most scrutiny because over the weekend you talk about a roller coaster ride? it was only one way down when it dipped from over 20,000-dollars a coin into the 17,000 plus neck

of the woods, rebounded, hanging around the 20,585 level per coin. susan lee following all of that craziers in. what is going on? it is sort of put wrenching. reporter: 24/7, kind of neil cavuto hours. back above 20,000 for bitcoin. that is important because it is seen as important technical support level for bitcoin prices. if we get consecutive sustained weeks below 20,000 that is seen as a bearish signal according to a lot of crypto watchers and investors. weekends are always volatile. bitcoin was down 15% on saturday when it dipped to 18,000 plus. it rebounded on sunday. it is not for the faint of heart. it is buyer beware. you have to be able to stomach the wild rides. you can see a lot exaggerated moves up and down. liquidations by companies obviously weighing on market

sentiments. it started 40 weeks ago with the stablecoin crisis with luna. then the other that stopped them withdrawing their cash last week. three arrows, one of the largest hedge fund, it is being accused of a ponzi scheme, using borrowed money in order to pay off those investors. celsius said it will take longer to resolve the $12 billion they issued in loans. writing we want our community that our objective is stablizing our operations and this process will take time. the crypto collapse has a lot of influencers quoting warren buffett. mark cuban, as warren buffett says as the tide goes out you see who is swimming naked. who is making money and which is a legitimate business? with the steep market selloff crypto companies are trying to

right size, cut jobs. coinbase cutting 18% of their positions. so 1100 jobs are going. rescinding accepted job offs which is not good look for the company. blockfi, after its larger competitor celsius stopped allowing their clientele and customers to take out their cash. so neil, a lot of people are ewing the term crypto winter. what that planes we'll see lower depressed pricing for someone. we saw this in 2018. i heard people say, hate to say it, two or three years kind of like what with see in 2017. neil: the drip, drip continues. man it was particularly weird this weekend. susan, great reporting as always. talking about someone who goes 24/7. that is our susan lee. we have the grant m.i.t. of the m.i.t. group. what do you think of this past

weekend? i don't remember anything certainly like isn't. >> it reminds me of 2020 and 2021, there was insane volatility t was breaking, crashing, wake up one day you're down 15% and up 20% one day. i think this is happening, susan is accounted for, a lot of people using margin to invest that shouldn't have and this is something that needs to be, i think it needs to be wiped out. people should not invest with margin at this scale with things come crashing down. people will get hit this will expose who the real businesses are and real players are and they will be around the necks five years. it might have hit its bottom. maybe we have room to grow. at least maybe it settled down a little bit at least for the time being. neil: i have don't know what the margin call requirements are if

you borrow to buy you have to pony up some cash or sell some of those bitcoin, using that as an example holdings. usually it is about 50%. there are a lot of people at or near that right now. so that could keep the selling going, couldn't it? >> it is possible. think they whited out most of people. it is a 50% drop as you hit that, all about it coin is liquidated. people need to be smart and with fed increasing rates, market uncertainty off the board. a lot of people first thing they will move their money out of is volatile asset. the real buyers that will be here next five to 10 years are looking at this the greatest buying opportunity. personally i never thought i would have another opportunity to buy bitcoin at 17, 1thousand. selfishly i am thankful i get this opportunity. investors need to be cautious. we have to bet the next five or

10 years. we have to be smart. we don't need to use march begin to invest. bet in the long term and be smart. neil: are you buying right now, grant at these levels? how do you know you're not catching a falling knife here? >> absolutely i'm buying. no one knows how to time the market. no one knows the what the price will be. lowest i think it pose may be 15,000. i may be wrong. all i know, 19,000, 20,000-dollar bitcoin is a great buy for something i think the next 10 years will be worth over half a million dollars. who knows if it goes down 3 or 4,000 again. that is not my call to pick but i know this is good buy and rate for what bitcoin is at. i'm not betting the house on it, but i'm betting at least 10% every single week. you never know betting on long term will win with this but we have to stay away from margin. neil: very quickly, the crypto billionaire, exchange owner,

looking at this laying it at the feet of the federal reserve. do you? >> i think it isn't helping whatsoever. people are churning toward a bear market. people were overspending and using margin. bitcoin got to big highs, biggest bull run ever. the bear market would have happened regardless. fed tacking on the interest rate hike made it worse. a lot more people got exposed than we thought. i think it is a combination of boat. neil: grant, thank you, very, very much. we'll keep an eye on all of this. bitcoin stabilized today as some other crypto investments but it is volatile to his point. that is what comes to the territory here but we're looking at the point where margin loans come due. you will have to pony up more cash or we will sell some more bitcoin. we'll sell more ethereum. we'll sell more to make sure your account stays above the 50%

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♪. neil: all right. we're getting word the international swimming federation, there is such a thing, is putting a big old restriction on trans athletes. not outright ban but some restrictions jeff paul is here to spell it all out. he joins us from los angeles. jeff? reporter: more than 70% of international swimming federation voted to adopt a gender inclusion policy. only those that transitioned before age of 12 can compete in events. in march, swimmer lia thomas became the first transgender woman in the u.s. to win a ncaa a in competition. the spokesperson said it is not encouraging anyone to transition by a certain age.

if someone transitions after the start of puberty, the federation briefs that person has an unfair advantage. >> it is a policy that is based on science. it is a policy that we need to introduce in order to protect the competitive fairness of our event. reporter: we should note there are currently no transgender women competing in international elite levels of swimming. he is also proposing a new open come testing category. they will spend the next six months figuring out to set it up. critics of the policy call it deeply discrime another, harmful and unscientific. some fear it will lead to policing of bodies of all women in sports. others feel it is not necessary. >> i did not see this coming. i have believed for a long time we can talk about what the barriers to entry look like,

what transition requirements look like but outright bans for any trans woman who experienced part of puberty, i didn't see it coming. reporter: according to a new poll conducted by "the washington post" and the university of may have land, only three in 10 americans say transgender women and girls should be allowed to compete in sports with other women and girls. neil? neil: jeff paul, thank you very, very much for that. hillary clinton had a message to fellow democrats, regardless of your passion on this or other social magnetic issues, to de-emphasize them and put the bigger picture in the bigger picture. sarah west word, "washington examiner" back with us. sarah, i think she is saying however strongly you feel don't get sidetracked on this. what is the reception she is getting to that? >> yeah, that's right. obviously the progressive wing of the party doesn't want to be told that, whether you're talking about climate activists

or transgender act at -- activi. these people believe their issues should be the top priority of party. the activist actions of the democratic party has derailed the democratic agenda during the first two years in biden in office. they are pushed them to the left, not able to bring down inflation, address crime, things voter care about, so many are beholden to left-wings of the party. hillary clinton is talking about something important that the democratic party is not grapple ifing with very seriously. neil: what is the fallout if they don't listen to her? she is not interested in running for president again herself, i don't know if that applies whether joe biden is not. are you getting any intelligence on that? >> i think she represents a lot

of the same wing of the democratic party that biden did, which is the old guard, the more moderate wing. it comes from a different generation, embody as different set of values. a time you would be, for example, you could be a pro-life democrat in the party. that world doesn't exist anymore. the world which hillary clinton would have been successful or joe biden could have been that unifying, transformative figure. the democratic party has been fuld so far left by its base by a lot of elect the members. that will get oars over time. a lot of ways the new districts are drawn, they see members more deeply red, or more deeply blue. we could see a lot more entrench muched progressivism in congress if the democrats hold on to seats in november. neil: you he know if the president is dealt a real set back and democrats lose the house, seems to be a building consensus. anything can change, you reminded me of that, do you think he would pull the bill clinton? do you think he would move more

to the middle or say something as aghast the era of big government is over? what do you see happening if that happens? >> if he is not doing it now it is hard to see the rational for him doing that ever. ones he and republican as you point out may not definitely happen but looking like lick to happen. once republicans take control of probably the house, also possibly the senate, there is no incentive for biden to moderate anymore. because the dreams for his legislative agenda will be dashed at that point. there would be more incentive to move further left. all he will have is the bully pulpit and his rhetoric. he won't have the ability to move any legislation. therefore he doesn't have to be careful how far left he is moving rhetorically. if he is not moderating now when there is still a chance to stop his parties losses as people reject a lot of this leftist agenda, it is hard to see them ever doing at least for this term. neil: behind the scenes i have to imagine there are party

regulars who are telling progressives, maybe, you know, alexandria ocasio-cortez, bernie sanders, look we've got to dial this back? we have elections to win. you can stand by your sword, stand on your sword for things you're passionate about but this is killing us. we all have to get together on this. i don't see those come to reality moments, do you? >> yeah, no. those voices are having a hard time breaking through. part of what is so notable about hillary clinton speaking to this, the fact that she is so high-profile, recognizable, speaking about it. you don't hear a lot of top party brass, pelosis of the world, schumers of the world, people who would make influence they set the direction much their party's agenda talking how the left needs to moderate. until you have people in real positions of influence actually talking about the inmates are sort of running the asylum right now and the democratic leadership is not showing willingness to take that on.

if anything they're doubling down on further left policies with issues like abortion, gun control, to fire up their base and preaching to it in increasing smaller portion of the electorate. neil: you know, sarah, had you on many, many times. i love each and every visit but i never got the response i did from you weighing in on fathers complaining about how little they get compared to moms on father's day. the evidence was born out yet again. i got less than my wife did. most of the emails in support of what you're saying, sarah's right, cavuto. get over it, get over yourself. realize your mother and your wife favored because they do more, not you. it hurt my feelings especially when they said, wait a minute, sarah westwood wrote that. >> yeah. i'm a little biased but i think that's correct. mothers do more. we do deserve a little bit more. neil: all right, fine. it's a lot more, by the way. it is widening.

who am i to complain. sarah, you created a cult following after that. sarah westwood of the "the washington examiner." we got so much buzz on that whole thing. my fellow dads out there, you realize you're second class citizens when it comes to who gets more, moms and dads, that is the way of the world. i'm fine with that we have a lot more coming up including whether companies are fine with a trend picking up steam, very generous companies when it comes to benefits and pay, that are facing successful unionization pushes. the latest, apple. what are we to make make that? after this. ♪ (vo) while you may not be running an architectural firm, tending hives of honeybees,

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beginning to catch on right now. apple is the latest to deal with those that want to unionize at a maryland mall store here. it follows similar moves at starbucks and amazon, alphabet, own and on. companies that have pretty generous pay an benefits, despite all of that, get fingered for possible unionization and it is spreading. the significance of it all with carol roth, former investment banker, mark tepper, strategic wealth partners. mark, what do you think of this trend? it is picking up steam. i don't know if it will gain traction of all apple stores other than all amazon warehouses but it used to be unthinkable but now it is happening? >> it is interesting to me. i can understand unization for warehouse workers where the working conditions aren't all that great. that is kind of one of the points for union, as for apple store workers, most of us have been in a apple store and they're pretty frikin' nice.

it is incredibly ununusual for customer service or sales jobs to unionize. you have to wonder why then, why are they unionizing? the answer is simple, neil and carol, it is money this is the monster that has been created over the course of the last several years. we now have the labor market that is completely out of whack, where employees have so much leverage over employers. i negative even this before. employees ghosted online. higher pay. they refuse to come to work. they want to work from home. what that means to me, this labor market is unfortunately a bubble that is going to burst and that shakeout will be painful. we're start being to see companies that i'm having, conversations i'm having with main street business owners. neil: you know, carol, you do have to wonder it is human

nature take when the taking is good, get the best deal you can whether you work at an apple, wendy's, starbucks, what have you. then you realize wait a minute, these opportunities begin to dry up. are we at the beginning to dry up stage and a lot of folks don't realize isn't. >> yeah, listen, i'm an advocate for the every person. i want everyone want to have wealth creation opportunities. i do say get while the getting is good but i do think, mark, you are onto something, i do think there is going to be a changing of the guard, however, i think there is bifurcation in the market. i don't think it is going to be at the lower end of the market. i think the retail jobs, these entry level jobs, are still going to have the supply demand imbalance. i think the change will happen are more of the established corporate jobs. so there is really this leverage that themes employees have, however i read it completely

different than mark. the fact that the employees have all of this leverage i think it is highly unusual they need the unions because they should be able to negotiate on their own. it just goes to show that the businesses are not doing a good enough job what understanding what motivates employees just outside of those dollars. neil: she raises, a good point, mark this could be an insurance effort on the part workers even we know, mark is right, that might not last but at least with a union it is harder to fire us there is great argument whether that is the case but that the union will absorb body blows and protect more bodies. what do you think, mark? >> maybe my position on unions maybe it's a bit elementary but i always viewed unions something set up to protect the weakest employees, right, at the expense of the strongest employees.

as an example, my wife was a teach. i thought she was one heck of a teacher, an excellent teacher. i always believe there should be merit-based pay. best teachers should get paid more at expensive those that show up every day, punch in, punch out, don't spend time with the students that has been always my perception as it relates to unions. again maybe it's a bit elementary. i believe for a free market for employees. i'm all for the little guy. i want the person to have the opportunity to make as much money as possible but i also believe in the free market system, their skill set, their worketh i can, all of that will dick date -- dictate wages they are paid. neil: this is early stages. they have a friend at the white house. he will be there at least couple years. we'll watch it closely. carol, mark, thank you very

much. we're showing you the dow futures. as you know there is no trading on the juneteenth holiday. we have 11 of them. we generally honor 8 of them. memorial day, juneteenth is in the category, mlk day, knew years day. we have 11 federal holidays, eight that are regularly recognized pretty much across the board for it, get a day off. but again, this juneteenth recognition is the first federal holiday we've seen established in the better part of for decade and corporate america is on to it, as is the federal government. we'll have more. ♪.

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♪. neil: all right. israel is going to have its fifth election this three years. we're getting word out of israel this governing coalition will vote to dissolve parliament and take a crack at it again. this could be a lifeline to benjamin netanyahu. he lost office about a greer ago. this could show with his party ahead in a better position to form a coalition post if it comes to that. but the fifth such election that the country is having just the

next three years. imagine if we went you the same thing here? the way we politic in this country like we always do have elections one after another. we'll keep you posted and big developments on the gun legislation that supposedly has bipartisan backing with among democrats and republicans. the devil is in the details. the details they're not close to having this signed, sealed, delivered. aishah hasnie, where do we assistant? reporter: you came in the nick of time. we have breaking news in last few moments we might have some text that might be released later on tonight. that has been confirmed by fox digital according to negotiations. we might see some text, black and white words later on this women but neil, time is not on these lawmakers side. we don't know, it is still

unclear we will see a vote before they go into the july recess. we've been following the story couple weeks. we've been tracking delays on the bill. the big one over controversial boyfriend loophole everyone has been talking about. lawmakers have been trying to figure out, to decide who would be banned from owning a gun as democrats look to expand the current federal law to include anyone in a dating relationship and convicted of domestic violence. this is a big sticking point. republican lawmakers said this piece is crucial. they need to it see the text in black and white before they sign on. >> the text does matter here because it's that text that will determine whether we're intruding unduly on the rights of the, the american law-abiding citizen and doing so in a way that would actually deter violent criminal behavior. reporter: so this comes as lead negotiator, senator john cornyn was booed at the texas republican converges over his

involvement in this package. the crowd reportedly shouting, no gun control during his 20-minute long speech. cornyn insisted he would not support any new restrictions on law-abiding citizens. democrats like lead negotiator, senator chris murphy though do still believe they are close to getting something done, making something happen, and again, some late-breaking news just this hour. that we could finally see some text later on tonight. but, again, neil, time is not on their side. we don't know if they can make a vote happen before they go off for recess. there could be some lawmakers that try to push to stay in session. we'll see. neil? neil: we shall see. great reporting, ashiah. thanks for that. a number of governors are taking matters in their own hands.

iowa governor kim reynolds, commit $100 million to strengthen schools, maybe them resistant to attacks. governor, welcome to you. >> hi, neil, thank you for inviting me. neil: tell me a little bit this measure in your state here. it is really about sort, you know, refortifying the schools themselves, right? >> really. it is built on the existing work we're already done over the years. you know every parent should be able to confidentially certainty their child to school. a mother and grandmother of children with school age i want parents to be assured this is really important to all of us and all iowans. so we allocated $100 million to school safety. 80 million of that really works towards prevention. so what we'll make available is vulnerability, threat

assessments. we'll be able to provide for every school building in the state of iowa if they haven't done it, or if they want to update it, a vulnerability assessment by a contractor. we'll work with homeland security and the department of public safety. and once they have completed that threat assessment for vulnerabilities, we have set up a fund that will allocate $50,000 towards each building to implement what those recommendations were. we're also going to provide technology and tools to provide training and to train the trainers so that local governments will be able to be trained how to respond to an active shooter or natural disasters. we'll be putting in place a social media monitoring tool where we will have the expertise. often times they tell somebody. just a matter of catching it in time. stand up a anonymous reporting truly. neil: there is no gun component

to this? kathy hochul forbid the sale of assault weapons for lack of a better term, for those under age of 21 or red alert, red alarm type issues, red flag issues that would target somebody that is worrisome? there is nothing in that? >> no,we're providing tools and technology for each one of the schools and we'll digitize all the school layout plans so first-responders and law enforcement will quickly understand what the layout of the building is. we're focusing on things i can do many immediately. this, we'll be able to stand this up july 1. we had over 80 schools that responded to sign up for the vulnerability assessment piece of it. and so we've taken significant steps over the years to address mental health and making sure iowans. neil: what about dangerous people getting guns, though, governor, is there any sense on your part to deal with that?

>> here is what i will tell you, neil, you're going to have debate on funs, but until consider the lethal weapon is the individual that picks up a gun and turns it to somebody else, we'll miss opportunities to do things that make a difference. neil: we'll watch it closely. governor kim reynolds of iowa. i have moderate to severe ulcerative colitis. so i'm taking zeposia, a once-daily pill. because i won't let uc stop me from being me. zeposia can help people with uc achieve and maintain remission. and it's the first and only s1p receptor modulator approved for uc. don't take zeposia if you've had a heart attack, chest pain, stroke or mini-stroke, heart failure in the last 6 months, irregular or abnormal heartbeat

not corrected by a pacemaker, if you have untreated severe breathing problems during your sleep, or if you take medicines called maois. zeposia may cause serious side effects including infections that can be life-threatening and cause death, slow heart rate, liver or breathing problems, increased blood pressure, macular edema, and swelling and narrowing of the brain's blood vessels. though unlikely, a risk of pml--a rare, serious, potentially fatal brain infection--cannot be ruled out. tell your doctor about all your medical conditions, medications, or if you are or plan to become pregnant. if you can become pregnant, use birth control during treatment and for 3 months after you stop taking zeposia. don't let uc stop you from doing you. ask your doctor about once-daily zeposia. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire

♪♪.

neil: when you think about it it became very big internationally big in the 1970s the late 1970s in particular when inflation was rip everywhere and shortly after that the song they came up with sos no clear way to get out of the inflationary problem, the devil of the world magic with her career. were not quite so sure it'll work the same magic on a lot of careers that have them in the future but were keeping on top of it. welcome everybody i neil cavuto. on this day the markets are closed on juneteenth a new federal holiday, we are seeing growing concerns about the underlying economy in particular he inflation that remains above contention for the administration reports this week he might announce something on the federal gasoline tax 18 and a half cents maybe remove that for a while to absorb the

sticker shock of folks filling up at the pump. going on indication but at the exact same time, a lot of businesses that have to deal with that that is a far bigger pain at the pump. lydia hu following the trends hear from monroe township new jersey. >> we are talking to a farmer who raises corn and wheat in monroe township. he says, he is trying to adjust his budget for the rest of the year to reflect the escalating diesel gas prices. but it's really tough and he wants people to know that you might see your grocery bills going up but that doesn't necessarily mean that farmers are making more profit. watch here. >> our biggest problem our costs have doubled and they went up so fast and so quickly that our budget, we can budget it in that fast. my feel prices have doubled since last year.

>> the average price for a gallon of diesel fuel now stands at $5.81. that is 80% higher than where it was a year ago. neil, that means the cost on average develop a big tractor like you see out here behind me, last year would've cost around $430. now it's going to set that barbara back close to $780 and that's just for one days worth of work out of this tractor. also going up, fertilizer prices. you can see one type of fertilizer used on farms is up 64% over a year ago but the farmer tells me some of the other types of fertilizer are double or triple in cost. now because the cost have escalated so much, recent university of illinois study found that farm input prices have increased more than 15.5% over last year, that's a must double the nation's general inflation rate that consumers

are now paying. as i mentioned, this farmers rate in corn in wheat. he sullied about 90% of that into the commodities market. when he does that he's a price taker, not a price maker. he will get paid whatever the market will pay him at that time. he acknowledges, prices right now are really good, they are high but also his cost are some of the highest that they've ever been. he's actually worried whether he is going to breakeven this year. neil, back to you. neil: lydia, thank you for that. we need to hear what's going on, this is the heart and soul of america. they're in a world of hurt. institute and president and ceo, good to have you back. i did want to pick your brain a little bit on what the president might do later this week and that is, we don't know how long or if it would happen but 18 and absent federal gas tax, what do you think of that? >> what's interesting about this current proposal, for the first year of this administration they

were really focused on demand destruction. a proposal like this of cutting the federal gas tax would be an exercise in demand construction. i do think the real focus here should not be on short-term solutions that cutting the federal gas tax but on long-term solutions to provide american energy security from american producers here in the united states. the american petroleum institute just put out a plan to do just that. last week called the 10420 plan that you can find the api.org that would actually provide long-term price relief for american consumers while providing for american energy security here at home. neil: when the private industry has to produce more and do more and take advantage of contracts that have yet to be attacked, you say? >> i say exactly what the farmer said in the lead up to the

segment. for most of this industry we are price takers, we are not price makers in oil markets. what this means, we need to produce more in the united states to cut prices throughout the rest of the world. we have a plan to do that with our ten and 22 plan and at the same time this administration needs to be focused on what we know is good to be true for decades and decades to come that the world will continue to demand oil and gas. it's better to get the oil and gas here in the united states than it is to get it from regimes that are hostile to american interests like russia. neil: and saudi arabia we might point out. let me ask you i always tell people this and they can't grasp it or they don't want to think about it the oil trades on the world market trade on expectation of future supply and demand, much of the stock when a company comes out with an earnings report and it might be in the near-term telegraph

problems in the longer terms the stock takes a beating. what are the things i noticed was oil. as soon as this president took office in shelled keystone. you may argue there was nothing coming from it that a ways to go. the market interpreted this is awkward to be a fossil fuel friendly administration and bid up prices for the available supply that we had to get that supply would be curtailed in the future. that happened on day one of the administration. i'm not pointing political thinkers but that's the reality of a market system, we have a for stocks, we certainly have a for oil. let me flip that around to you if you administration were to say how bad it, drill baby drill, maybe even revisit keystone, the world markets responding to that would do what? >> what i would say, this industry has been under invested in in the course of the last five years and some of that is because of the pandemic even before that when the world was focused instead of being focused on energy security they were focused on the energy transition and this has been under invested

in because of this new movement toward more esg investment in a real focus on climate change. the consequences of that are showing themselves right now we need more investment in this industry, and factor hundreds of billions of dollars of down in terms of what we should be investing in future growth and future demand for oil and gas. when you're in a position where even saudi arabia only has about 2% of spare capacity within their system, that means underinvestment is occurring, we need to have more investment, not just in oil and gas development but more refineries in this country as well, secretary granholm is meeting with the ceos of major refining companies later this week and what they're going to tell her, when you have a government that continues to talk down an industry like this, you're not going to get the investment that you need in future production. that's what has to happen at this meeting, she needs to say

that were focused making sure this industry is viable for decades to come. not focus on demand destruction from oil and gas. neil: we will watch it closely. if you just want to look at your oil buddies interested, if you want to put it at that you make a lot more if you could produce more in the supply and demand environment hand over fist impact. that is just the market reality. mike, thank you very much. good seeing you again. mike was alluding to the saudi arabia situation that we have right now and the fact that the president would be going there next month. many people argue urging them to up their production even though he's not doing badly the same here. jacqui heinrich following all of that at the white house. >> just about an hour ago, president biden speaking to reporters on the beach framed his upcoming trip on saudi arabia as an international meeting that the crown prince just happens to be a part of. even as members of team biden including his energy secretary

find out have said that biden will meet face-to-face with mbs and part of the discussion will be about pushing more oil production. listen. >> meeting with the saudi crown prince he has asked also plays around the globe to increase production. that includes opec, that includes our domestic oil and gas producers. he's asking for an increase like other leaders around the globe. >> they will have a one-on-one meeting? >> that's my understanding that he will be meeting. >> after biden called the crown prince and saudi government upper rye on the campaign trail and after taking office first refused to speak with the crown printed only worked with his counterparts. but with gas prices where they are the administration is considering sending gas rebate cards to americans, also make a decision hopefully by the end of this week on a potential gas tax holiday. biden is also instructing his team to sit down with ceos of major oil companies this week to justify the profit margin.

>> alternative energy and renewable energy and they don't want to get stuck, guess what there's a logic of transition to be made and i want an explanation why they aren't refining real oil. refining oil. >> the presidents not getting too close to that meeting himself, he is having his team do it even though he did meet one-on-one with other retailers and logistics companies during supply chain crises, the president said the difference with that is that the work was already done. neil: jacqui heinrich. rebecca heinrich waited on all of this, the hudson institute senior fellow. between going to the saudi's hat in hand and now the administration might reverse some of the tariffs placed on

china, actually on americans who buy goods from china. it seems that he's reaching out to countries that could benefit from our own troubles, i wonder what you make of that? >> your exactly right, he's grasping for straws but not plastic straws because that would be bad for the environment. this administration has prioritized the climate change agenda and whenever they've done that, they've even said a lot of the policies expected to hurt americans in the short run but the trying to transition us into a green economy. in doing so they limit their options to affect energy crisis, inflation and we haven't even talked about russian ukraine. your exactly right if they live tariffs on china there's no guarantee that china's going to drop the prices to lower prices for americans in the short or long-term the chinese manufacturers can increase the prices and it might actually be very helpful for the chinese

economy not for the american and not for the americans in the long run. neil: i just wonder if you are against fossil fuels and that's whatever your view is. but then you go to saudi arabia to bake them to increase production or you entertain getting in from venezuela or for a while iran, not exactly our bodies. and now indicates that china and an effort to help americans turn back the tariffs that were not attacks on them that china would benefit. it sending very mixed messages when we have plenty of stuff here that we could take advantage of to avoid trying to ever help the chinese or for that matter the saudi's. >> that's exactly right. a lot of what i focus on in defense and foreign policy is which broad policy are going to

increase, strengthen american sovereignty and independence so that we are reliant on these other adversary countries and so we are not constantly reacting to roll crises. we should be able to have energy independence, again you said the energy is a global commodity so will never escape the effects of what other countries do the greater american energy independence would be greatly under greatly helpful so were not under the sum of these other countries. of course you what american strong manufacturing or at least manufacturing and strong trade relations and other western democratic or other democratic, countries that are more reliable, more predictable so your neck without adversaries like the prc or the russian federation leveraging and coursing their ability over the united states and trade. this is a good reminder to americans who have been tempted to think we can throw up the drawbridge and not care what happens about foreign policy the rest of the world we cannot afford to do that. economic security in the pocketbooks of the american

people depend greatly on the with of our leaders and foreign policy and defense. we should be shaping the world to the extent that were able so it's good for the american people to protect the american way of life and this administration has not done that. neil: is ironic we have all the cards and were still losing the game. rebeccah heinrichs, always good seeing you, i appreciate it. >> thank you neil. neil: we have a lot more following, including the nation's airports. as people trying to fly and bumping into flight neither delayed or canceled by the thousands, remember summer officially doesn't start until tomorrow but it's already got people hot and agitated right now. after this. ♪

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break free from the big three and switch to xfinity mobile. neil: all right, the summer travel season is on even though technically summer officially begins tomorrow but the course for a lot of people is right around the memorial day weekend. and almost from that. on there have been delays, there been cancellations that have

really picked up steam and i say steam because a lot of people were steamed by the thousands as pack's we can. jeff locking philadelphia's airport with more on that. jeff, how are things going there now? >> is bills over onto today, we have several more cancellations admitting more delay since we last talked. take a look at the last numbers from flight aware. 327 cancellations today and largely good weather about the country and delays numbering almost approaching 2000 delays today. that's nothing compared to the past weekend when we had 19000 delays and cancellations over the last four days. scott kirby the united ceo was speaking to reporters and go hot today he said something interesting he said united would love to find more flights but the system can't accommodate it right now. he also said he expects the economy to slow down however, and that fuel prices will stay high, he thinks they're going to

spend $12 billion this year on fuel alone. the government says they are going to try to step in if they have to, secretary pete buttigieg the transportation department telling airline executives that he wants them to stress test their summer schedules so that we don't have multiple cancellations like we did this past weekend, he also wants them to hire more customer service employees so we can get 70 on the phone will be get stranded and he's raised the possibility of fines and enforcement although he said he pulled off of that july 4. an interesting side note secretary booted judge flying home from the meeting with airline executives had a flight canceled. he said that is happening to a lot of people, that's exactly why we are paying close attention you to what can be done and how to make sure that the airlines are delivering passengers to where they need to go which currently not so much.

neil: well said, jeff flock and philadelphia, i want to go to jonathan hoenig in chicago capitalist big-money guy. jonathan we are just getting some bulletins from st. louis federal reserve president comey he said something of the market committee he waves in where interest rates are going and says hi inflation has come up like a storm using his words but the economy is slowing as expected with the feds actions, he says there is risks from the ukraine were in supply issues in china for here's what i found interesting he said there are always risks, expect expansion to the u.s. through 2022. people seem to be telegraphing every session. he said not so much, what do you think of that? >> irony, the fed is reluctant to call it a recession. a lot of the political figures are reluctant to say that word. the everyday americans are feeling it, whether in out they

want to call or not. i have to mention money is moving markets are moving and features are moving, i think they are showing game show reruns, it's great to be with you. the fed doesn't want to call it a recession. we see the biggest destruction of wealth in modern history between stocks and bonds, investors and americans are not only see their assets deflate but there seeing prices inflate. everyday americans are feeling the serious recession whether or not the fed wants to admit it or not. neil: i always want to ask basic questions, normally this can kind of drag on until the fed stops doing it and raising rates. normally not until they start cutting them. that is not 100% history, it's probably get 80% history. what do you make of that and how long that means that we can be from this turning?

>> i would like to imagine, i think we would like to believe the fed is a wizard of oz with a lover that can exactly curtail the academy and so the economy, the economy really doesn't work like that, all the economy is hundreds of millions of dollars a beneficial voluntary relationships and they have been tremendously disrupted by inflation. that inflation, people thought they had all this money and then all of a sudden it's gone they have less to consume, lest to invest, whether the fed can mitigate that as milton freedman would say, there's no such thing as a free lunch even the so-called diversified portfolio, the 80 - 20 portfolio, that's the worst showing since the global financial crisis, there's no way to avoid it, there's no way to hide for. that's why everyday americans are really tightening his or her belt. neil: no way to quickly come out of it apparently either. good seeing you again. jonathan hoenig following all of these develop and sprayed

something closer to home in columbia they not only elected their first leftist leader by a former guerrilla in the early days was terrorizing much of the country. now he's in charge of the country. not just happening in places like columbia, it's the latest. what are we to make of that? after this. ♪ dad, we got this. we got this. we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this!

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neil: all right, in the scheme of higher gas prices certainly what's been happening but those just waiting and waiting to catch a jet anywhere.

sometimes you can forget about what's happening at the nation's border. that has been relentless in his not coming anytime soon. casey's ego and rio grande valley texas with the latest worries. in big worries at that. >> good to see you, according to the cbp data come out of 239,000 migrant encounters out here at the southern border for the month of may close to 46000 of those happen in this very sector where we are, the rbg or rio grande valley as so many have gone to know which means since the start of fiscal year 2022, which was october 1, more than 1.5 million migrant encounters have now been recorded across the entire us-mexico border. here in the rbg is more than 60% jump from the same month last year. that does not include the known got a ways, what cbp says is somewhere close to 446,004

fiscal year 2022, lawmakers who have seen it with their own eyes say enough is enough. >> republicans on the committee saw firsthand by going to the border the problems that this administration has caused, over 3 million illegal immigrants have come across the border since president biden took office. that's three times the state of delaware,. >> as you look live at the border in the way a texas courtesy of the flocks flight team drone summer temperatures soar and more migrants get into danger. cbp says for the fiscal year more than 14000 search and rescue's have been carried out by its agents for context. that never was around 5000 for all of 2020. neil: thank you for that, casey stegall following the and rio grande valley texas. what's going on south of our

border, it went out in columbia, they elected electives to be the president not only former guerrillas gustavo petro and is a former member of the m19 guerrilla movement, this continues to trend in my next guest has been played out one country after another in their own hemisphere daniel garza is the president. daniel what do we know about this guy. >> you called it i get a say it like it is is a narco terrorist and a marxist guerrilla and he was elected for the first time ever as a left-wing president of columbia that held out from this trend and not america. only 3% the thin mandate in the divided country but he is now the president of columbia and he said in his speech starting today columbia changes pre-the problem is in his type of

socialism, he can't deliver on these promises that he's going to a miliary poverty and forget about equality in the age to columbia. neil: what can we expect out of columbia. i'm just i wasn't all that long ago he came in inc. squashed guerrilla movement led to untold he was like the ronald reagan of columbia at the time and that seems like eons ago, what happened? >> they had some really strong leadership in the weakest of them got caught unfortunately in the covid era and i think made an ill-fated pack with the guerrilla and i think it really slowed his reforms. the thing is there is no bigger economic system to generate wealth then a true free market,

true free trade sound money the respect for the rule of law and private property rights, unfortunately with all these principles he seems to forsake them or undermine them with big government intervention. we know he's going to impose a tsunami of mandates that's going to reduce growth and eliminate almost expansion of new businesses, redistribution schemes that will induce nonwork he will. unsustainable amounts of cash that will probably feel the devaluation exemptions, that is split into politically connected and corruption enclosed on businesses that can compete because there holding a monopoly and impose price control is going to create a black-market scarcity and long lines like we see in venezuela. i don't expect good things for columbia in the coming days unfortunately. neil: i always see things through the prism of what it might mean for own border if a

lot of people are in countries that are more depressed trade i extend that to guatemala and you mentioned venezuela and by extension columbia that's a lot more you are going to seek out better economic pastures which would be us. >> that's with 30 happening there more colombians in florida than there are cubans. the u.s. relations is going to suffer as well, that victory is going to alter the balance of latin america and that it strengthens a socialist leftist block that has been growing in the good to draw closer to iran, russia and china. here's the thing venezuela, the first world to express their congratulations all of whom who have better relations with the u.s. right now in the leftist leaders also feel that they're going to consolidate the gains that the left has been enacting for some time now and we sell this tobacco play out in the

summit of the americas where they were all absent. neil: you know what amazes me about you, you called all of this in warned about all of this and now we are seeing all of this. thank you very much, we'll see what happens. daniel garza follow closely, initiative, the president there at the stuff in columbia, that is huge that is a huge deal we will keep on top of that and also keeping on top of the one market that is open today at big market at that, even crypto, trades 24/7 and you talk about the wild 48 hour ride, charlie gasparino on what's going on after this. ♪

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i have moderate to severe ulcerative colitis. so i'm taking zeposia, a once-daily pill. because i won't let uc stop me from being me. zeposia can help people with uc achieve and maintain remission. and it's the first and only s1p receptor modulator approved for uc. don't take zeposia if you've had a heart attack, chest pain, stroke or mini-stroke, heart failure in the last 6 months, irregular or abnormal heartbeat not corrected by a pacemaker, if you have untreated severe breathing problems during your sleep, or if you take medicines called maois. zeposia may cause serious side effects including infections that can be life-threatening and cause death, slow heart rate, liver or breathing problems, increased blood pressure, macular edema, and swelling and narrowing of the brain's blood vessels. though unlikely, a risk of pml--a rare, serious, potentially fatal brain infection--cannot be ruled out. tell your doctor about all your medical conditions, medications, or if you are or plan to become pregnant. if you can become pregnant, use birth control during treatment and for 3 months after you stop taking zeposia. don't let uc stop you from doing you. ask your doctor about once-daily zeposia.

neil: we are getting word and you looking guy that new york city along broadway, 29th and 30th street area. a taxi crash into a building there. we don't know the exact building at 1188 broadway. we do know the suv was traveling on broadway and hit the building. it struck approximately five people. the driver is on the scene, were still waiting his or her condition, we don't know for sure whether it was deliberate or triggered by some medical event. we do know -- this is what would happen there to shut down that area and it's going to be a mess for a while. we don't know much more than that we will keep an eye on it for you. in the meantime keeping an eye on the one market that is very much open today and it was crazy all through the weekend even

though the juneteenth holiday that shut down the stock and bond markets. crypto currency in bitcoin all day trade 24/7 and for a while particular bitcoin saturday it crashed into the 17000 plus dollar per coin. now a little bit over 20000. it had almost been hitting 21000. volatile to put it mildly. charlie gasparino keeping an eye on all of that. >> if you keep an true doctrine of crypto people, particularly an outfit tipped onto 17 which was a pretty scary number, people expect the volatility particularly on the downside to continue. i think one of the details of just how bad the crypto market is right now and how it's losing confidence, would you get high inflation numbers crypto was thought to be a hedge against inflation and the markets still

craters, you have a problem. this is a hedge against inflation, hedge against the dollar it can be printed, crypto particular bitcoin has to be mind it's a limited number it's not anything like a flight to quality now that the feds is raising rates it's underscoring that even more. it's a very volatile asset which a lot of people are coming to the conclusion there is nothing behind it there is no there there. i'm not saying that is true but that is the herd that is changing right now. i think one of the other tales of the market is what happened at coinbase last week the largest crypto exchange laid off somewhat unexpectedly, they have been having some problems, date of first quarter loss and all of that but they whacked out 1100 people, dad plans to grow to 10000, they doubled their size in just a few months to 5000 and last tuesday they cut 1100 and is probably good to be more cuts

it was done in a pretty callous manner, people essentially were alerted that they were about to get whacked from the sms on their iphones. it was a little crazy there but the way that they did it, the fact that they reversed all of their hiring plans that are in a mode now of potentially cutting massively, this again is the largest crypto exchange out there had spooked a lot of people. i think you put those things together and what i'm hearing from people expect more declines, more cuts. does that mean it's the end of crypto, i have no idea, the one thing i will say block chain is the underlying technology to crypto. a lot of people compare block chain to the internet. i will say this lock chain has been around for obviously about ten years. if you look at it, ten years into the internet ten years after netscape went public. internet was a big thing, ten years after the block chain was created, i still don't see a lot of people buying pizza on the

block chain, that's what i would say and i say that's what you're having a lot of indigestion in the market. people are just again the internet using it despite the meltdown, are you really using the block to not much right now. and i think that is one of the things that is calling into question all of these currencies, back to you. neil: maybe not pizza but cannolis definitely. >> i've never purchased a cannoli. i italian american's are notoriously suspicious of things like bitcoin, they're not going to accept anything but gold or the dollar for cannoli, trust me on this. neil: we will see about that. >> oh to the bakery in order cannoli and try to pay with your bitcoin. >> i know charlie gasparino, he's a friend of mine they will just give it to me. thank you, my friend, charlie gasparino follow with all of that were also will with the

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neil: this time at a concert a shooting that left 115-year-old boy dead and three more wounded including a police officer. all of it happening overnight in washington, d.c. mark meredith has more. >> good afternoon, we are watching multiple crime stories involving different cities around the country but in d.c. police are investigating what led up to last night shooting which left a 15-year-old boy dead. three others wounded including the d.c. police officer. the shooting happened last night, a lot of are said a lot of people that area, the incident occurred at a juneteenth celebration but officials say this was not a city sanctioned event and the organizers also did not have a permit. before the shooting even begin

officials were trying to break up the konther over fears that violence could spread, witnesses say the 15-year-old victim could be heard calling for his mom only moments after being shot. >> nobody was able to help him, to see him go, it bothers me, all of this that is going on others me. it needs to come to a stop. >> crime is not a new problem in d.c. d.c. is trying to find police officers to help fill these jobs. offering $20000 as a sign-up bonus. the money there is on top of the 6000-dollar housing stipend for new d.c. officers. the mayor who is facing a primary challenge says this money could help with patrols as well as lowering response times, also watching another shooting this time closer to the harlem neighborhood, nine people shot overnight one person killed. witnesses telling local news they cannot believe how many gunshots they heard, the man who was killed was only 21 years old. investigators have recovered a handgun from the scene but so far no arrest in the nypd is

urging anybody who was a witness to come forward if they have information. but i was going through these different stories, we sell this in chicago, miami, as pretty much every weekend and every major city dealing with violence. neil: incredible. it goes from one city to the next, mark meredith, thank you for the update, mark in washington, d.c. don't say i didn't tell you so, the former nypd lieutenant, kind enough to join us. here we go again i'm just wondering there were many triggers, no pun intended to these events but the common theme more violence and is escalating. >> absolutely right, progressives are looking for the brand-new shiny thing. it was believed to be the progressive policies if public safety. would you look at what happened in places like san francisco where the district attorney would repeal and was recalled because the crime was reaching proportions something similar

happened in los angeles and the same holds true in philadelphia. new york we really need to pay attention to this. if we read this it's clear we don't get a hold around public safety it's good to manifest to proportions and its communities going to hold these individuals out. neil: not too long ago when we last chatted after similar wave of such violence that a lot of these involved stolen guns. i'm just wondering with some of the other measures are contemplating in congress and even the state level to deal with this, how do you deal with that? >> i think it's multifaceted than just the stolen guns, we have ghost guns we have the strong purchases previous accommodation of the acquisition of these firearms that are not lawful that are creating this combustible situation in connection with gun violence. i think we need to do more from the perspective of law enforcement from a proactive mechanism as opposed to reactive

and hopefully they can get their hands or wrap their hands around this problem because the summer months we seen the greatest amount of gun violence. neil: the thought that after the san francisco da was tossed out, even uber progressive das like gasconade los angeles or even new york would hold back, we gotta stop this revolving door thing but i don't see any evidence in that. i'm wondering what you make of that? >> i think the electorate is unfortunately focused on the wrong issues and a lot of these progressive cities such as new york, chicago, los angeles. now we need to have an evolution in the candidates that are running for office and those would be the individuals that can create these drops. but we need to get them in office. it seems like it's been a challenge in the progressive

places in the wake of these progressive candidates. neil: if we have to wait for the next election to sort of even start to address this and knowing that the summer is just starting, we could be in for a really, really violent summer. >> unfortunate, i'm getting give you fair prediction in crime is going to reach an all-time high over the summer of 2022, the democrats are not going to have an answer for it they are going to pound the desk but there's going to be nothing and that should really be the testament going into these midterm elections that we need to have some serious changes in policy and the wake of public safety because it's a social contract that keeps us safe. neil: is also the number one issue for a lot of folks in cities, not covid, crime. nationally inflation takes the cake here but the reality for people in the cities and in these counties where is out of control is there safety that does not surprise me.

good to see you. >> thank you neil. neil: in the meantime you looking at dow futures continue to trade there is no stock trading today in light of the federal holiday but it's what could happen next a lot of people guessing after this. ♪ mamá, growing up... you were so good to me. you worked hard to save for my future. so now... i want to thank you. i started investing with . .

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neil: all right. for all of bitcoin's problems, elon musk is weighing in on things like doge coin. he is still keen on that. has not seemed to giving up the ghost that these cryptocurrencies will rebound. charles payne we've been through worse than that. we have a couple great guests as well. neil: excellent. charles: i'm charles payne. this is making money. the markets are closed to honor juneteenth. more importantly to prepare for tumultuous unforgiving environment really devouring everything. is there too much pessimism? what if i could tell you we could see a monsterous short squeeze any day now? greens are firing back