shah in march of 2021. right beforehand, he hyperventilated with pure oxygen which is allowed for 30 minutes -- that really is something else. great question. ladies and gentlemen, we've had a great week. thanks to the whole cast for taking part in it. you were great yesterday with my birthday, it was really, really appreciated. time's up for me. cheryl, it's yours. cheryl: happy belated birthday. i was going through the building looking for that cake. [laughter] where'd that cake go? stuart: dream on. [laughter] cheryl: have a great friday. welcome to cavuto coast to coast. i am not neil cavuto, i'm cheryl casone in for neil today. jobs up, chances for a bigger rate hike, up. the case for another 75 basis point rate hike in july. our market insiders are going to break it all down for you. plus, oil hovering above $100 a

barrel as president biden prepares to head to saudi arabia. why one key player in his own party says the saudis are going to play us. coming up over the next two hours on a busy friday, we are going to hear from billionaire john cats hama tee d.c., andy puzder and former u.s. labor secretary under president trump, eugene scalia. plus, we have florida attorney general ashley moody on what florida is doing to protect its own borders as migrants flood our southern border. but first, president biden is moving forward with talks about rolling back trump era tariffs on china to help bring down inflation, a very controversial topic. fox business white house correspondent edward lawrence has the latest. ed. >> reporter: yeah, i can tell you that he is going to meet with his advisers i've learned from a source this afternoon about those tariffs. i can tell you the u.s. trade representative will not be in those meetings.

she's in van siewfer, if you look at her public schedule. this is a meeting among advisers. now, the white house press secretary says that the tariffs the that trump imposed on china were not focused. there is talk of removing tariffs op on $10 billion of chinese imports. >> well, you've got to ask president biden why he's easy on china, hard on america, why he's got an open border, you know, what's his -- what's he doing about gas prices? he's just going to make it worse here in america. so it's just one thing after another, after another. >> reporter: so, yeah, on the jobs report that happened, it's an indication the federal reserve with the economy could handle a 75 basis point hike at the next meeting, possibly more, greater hikes down the road. now, this report shows that overall private sector's gains about 140 # ,000 jobs, that's above the level, 140 # ,000, above the level or where prepandemic was. now that's, again, an overall number. there are some sectors that fall

below the pandemic levels like leisure and hospitality. the this is the gains that we've seen in this particular report. for a third month in a row, average hourly wages have decreased, it's now 5.1% year-over-year while inflation sits at a 40-year high, and that means people's buying power is less. >> on the inflation side, clearly we know we sill have worked to do. -- still have work to do. we'll see what we've been able to do there. the president is making some moves to bring inflationary pressures down, yet we're still living within a pandemic time. >> reporter: and in a statement, the president has blamed inflation on the russian president, vladimir putin, but we know inflation started to rise long before the invasion of ukraine. cheryl: yeah, we're going to yet that report next wednesday morning, and that's going to be a big market event. edward lawrence, thank you very much. live from the white house. investors expecting a -- 75 point basis point hike.

still, stocks are aiming for a rare winning week. we could have had a selloff this morning, and we didn't. let's ding is into -- dig into this with carol roth and michelle schneider. st great to have you both. carol, i want to start with you on this. here's the big question mark for the markets, i think, right now: you had a strong jobs report this morning how do you have a recession and a strong labor market together? [laughter] it doesn't quite add up, and that's the question here. >> yeah, i think, cheryl, if you look at this, this is not a systemic situation like we've had in the past. this is a situation that was caused by government mandates. so it's a different situation, supply constrained so all of the data the before goes out the window. cheryl: yeah, i think you're right. and certainly, again, the day is early, we could still have a selloff by this afternoon.

michelle, i was looking through the data that we got as far as average hourly earnings, .3% jump month over month, about 5.1% year-over-year. within the report itself, okay, we had a small tick down on government jobs, but overall if you go through the report, it looks like the labor market is strong, ask that tells me that the fed is doing its job at least on the employment side. >> well, yes and no because the labor participation rate was actually lower which means more people quit their jobs whether they be part time or full time. and we still have close to 11 million jobs that need to be filled in this country. so we still have this trend towards either not going back to work or holding out for higher wages. and that is still somewhat of a problem. i'm not necessarily saying it will lead to recession, but it's definitely not as rosary -- rosy as the fed would like to make it out to be. the fed has a history of really

focusing on the things they want to focus to support their monetary policy which at this point seems very flimsy and somewhat winging it as conditions unravel. if. cheryl: it's funny that you bring this up, and i'll take it to carol because we got the minutes and also the decision. i was surprised by how powell admitted they made sometimes a me-jerk reaction to the inflation -- knee-jerk reaction to the inflation information they were getting. we're going to get cp if i next wednesday, and that is going to be a market event. what are you expecting in that report, carol? >> yeah, i certainly think for the next several reports we're probably still seeing a headline number that's, you know, in the 8.5-9% range, you know, maybe core comes down a little bit. but we cough this huge -- do have this huge disconnect between the fed tools and what's happening in the overall market. you know, the fed is trying to attack the demand side of the equation, but all of the

inflation issues are coming, as i was alluding to before, from supply issues. so i think there's just a disconnect in terms of tools, and i do like to see something that's a little bit more normalized, but i do worry that they're going to end ebb up going too far -- end up going too far at the wrong time and that we are going to see this recessionary data. you know, the other piece of that is that that when you look at a recession, obviously, that is adjusted, the gdp numbers, on a real basis adjusted for inflation. and i'm just not sure that the consumer on a inflation-adjusted basis, is going to make up the differential. cheryl: and also, michelle, we used to look and focus as did the fed, and i guess they technically still do on the core numbers, but that's not what the american people are suffering through right now. it is food and energy, that's where the pain is for everybody. having said that, on a more positive note -- i'm going to try and keep this positive -- we are seeing oil pulling back a

little bit this week. we've gotten a little bit of a break on wti and also on gas prices. i realize that may not make anybody watching right now feel any better, but it's something. >> well, yes. and so i'll try to keep it positive with you -- [laughter] clearly, we do have a food and energy crisis that doesn't look like it's going away anytime soon and not just, obviously, in the united states. in fact, even norway now is reporting more food poverty than they've ever had, and that's an oil-rich country. so there's another disconnect. but really if you just go back, i love to look at the '70s because they're the best parallel that we have. and the oned that fed -- word that the fed is alluding to is stagflation. bullard said yesterday the economy isn't growing, but that that doesn't mean it's shrinking. if that doesn't define the word stagnation, i don't know what does. and raising rates will definitely impact demand

destruction. but more importantly, it doesn't really do very much to control the prices of food and energy if they decide to go higher. and right now i would focus more on the natural gas because that seems to be the biggest problem, particularly they're saying germany's just going to run out of energy altogether. cheryl e cheryl yeah. yeah, no, you're right. obviously, the russian attack on ukraine has exacerbated that nat gas contract. ladies, it was great to have you both on with me, and i've got to say really quick, michelle, we need a ronald reagan. we need a modern day ronald reagan to come in and fix this economy if you want to go back to 1980 and '81. i don't know where he is, but he's out there somewhere, one can hope. [laughter] guys, thank you very much, carol roth, michelle. >> -- schneider. oil, we're back above $100, but even yesterday we were ticking that level, so there's a little bit of hope here. still, though, we are heading for a weekly loss as recession

fears outweigh what we're seeing in the market. i want to bring in john cats my tee d.c., great to see you, john. >> always great to ceo i. -- see you. cheryl: in your business where are we at right now? >> well, i was on fox about three days ago, and i announced that we have reached peak oil prices. and i think -- cheryl: i hope you're with right. >> i've been pretty right for about a year now. and, you know, we're in the real estate business, we're in the oil business, we're in the good business. so even though i'm a college dropout, i had the pulse if on what's going on. and i believe that the recession doesn't have to happen. i believe we -- unless there's another war or another incident, that oil prices will start to tweak down a little bit.

and the fact is that inflation will start down the other way. because with oil prices going down, food prices will continue to go up for the next 30, 60, 90 days because they always have a 30, 60, 90-day the layover period in between. but if oil prices go down and food prices stabilize, inflation goes away. so what i said to jay powell in my last fox interview, don't raise interest rates ott degree which will destroy the rest of the country. so i said, jay powell, be careful. we'll destroy the real estate industry, we'll destroy -- it's easy to say raise rates and solve problems. well, the way you solve the problem is reduce the oil prices, and if north america has 100 # years' worth of oil, if we reduce the oil prices and the oil prices come down, the food

prices come down, inflation goes away. if we just raise interest rates, guess what? we'll destroy the rest of the economy that's still healthy. if america does not want to go into recession, but with washington could force it into recession if they do the wrong things. cheryl: you're talking about demand destruction which has been one of the biggest fears that we've had going into the summer in particular with the high energy prices that we're seeing and inflation. let's talk about cpi next week with you. obviously, at the grocery level that is where americans are feeling it the worst. eggs, 15% jump last month. i mean, these are really large are numbers, double-digit increases for the american family. if you know, carol and michelle both are predicting we're going to stay at this high inflation level for at least the short term. do you agree with that? >> not necessarily. i think over the next 90 days for sure our levels of inflatioo come down a little bit. they're not going to be at the

8.6 level. i believe they're going to come down a little bit, and inflation will as oil prices subside, food prices in the next 60-90 days will ease off a little bit. the sun is going to shine for the rest of the century if we don't screw it up ourselves. cheryl: well, you know, if inflation has, indeed, peaked, that would be good news. inflation numbers come out wednesday, produce prices thursday -- >> which those are the numbers that you're seeing the past. i'm telling, i am the one telling you about the future. [laughter] cheryl: you look forward to that report most of the time. you and i were talking before the show began about the state of our city. there has been a heartbreaking story on fox about this bodega worker. this elderly gentleman goes to

work in his bodega. not his, he works there. he gets attacked, he stabs the die. the suspect dies. they throw him in jail. they throw him -- >> and the girlfriend -- cheryl: -- for defending himself. >> and the girlfriend stabbed the grocery worker, and she went home for dinner, he went to rikers island. you can't make that up. cheryl: unbelievable. >> and the bottom line is when the guy jumps to the other side of the counter, it's like a person coming into your home. a customer -- cheryl: it's self-defense. >> it's self-defense. cheryl: anywhere else in this country, that would have been self-defense. >> and i've got to commend mayor adams, he has sood up. you know -- stood up. very few politicians had the courage to stand up. he stood up and said it's wrong, it was self-defense, and they released him on $5,000 bail. cheryl: what's happening here -- and i'm glad he got out of jail, we saw that news break, but

what's happening here in new york city is a bigger story. it's not just new york, it is los angeles, san francisco, chicago. criminals are ruling the roost -- >> yes. cheryl: -- and law-abiding citizens are suffering. i was at duane reade a couple weeks ago, a guy walked in, picked up a case of beer, walked out. >> horrible. cheryl: it's heartbreaking, but it is the politics in this city that is causing this. do you have hope that adams can fix the issues? because if we don't have a safe city, we don't have an economy. we don't have office buildings filled with workers anymore. we have an empty island. >> you won't have 66 million tourists. what i would talk to mayor adams about on the show morning is that there's three -- and his police commissioner agrees -- 3,000 violent criminals in the city of new york, repeat criminals. finish and so for whom do the bells toll for?

8.5 million new yorkers who want to live well or the 3,000 criminals? if the politicians in albany want to support the 3,000 criminals instead of the 8.5 million new yorkers, well, the heck with them, and we have to make changes this november. you know, people say to me, oh, support in 2024 for president. i said, forget about it. we're fighting the war of 2022, and we have to make changes in 2022 for our city, our state and our country to survive going forward because it's not for me or you, it's for our kids and -- cheryl: for our kids. for the next generation. i know we have to run, but i have to tell you, i'm hearing more and more talk about lee zeldin. lee zeldin may have a shot at winning the governor's office. he's a republican in a blue state. that would be, i think, a huge

national about-face. >> he has a good shot. it comes town to -- down to for whom do the bells toll and keeping our city and state safe. and new yorkers are going to make a decision. who's going to -- who do you trust to keep your city and your state safe? and that's what it's going to come down to. it happened in nassau county a few months ago during the last election. the guy in nassau county was up 20 points. he lost by 20 the points because the people of nassau county said enough is enough! cheryl: yeah. john, it's always great to see you, sir. >> thank you. cheryl: all right. keep fighting the good fight in this city, that's for sure. well, we have got some stunning news to report, you may have heard, coming out of japan. former japanese prime minister shinzo abe, the country's longest serving leader and a close ally of our country, was shot and killed during a campaign speech. reaction pouring in from leaders all over the world.

we're going to bring that to you after a quick break. ♪ ♪ if [whistling] with technology that can scale across all your clouds... it's easier to do more innovative things. [whistling]

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western japan. susan li is in our newsroom with the latest on the shooter. susan. >> yeah, shock is a great word this, cheryl. a local resident in his 40s being reported, former member of the japanese navy, unemployed, and japanese media says he was really motivated to kill abe because of alleged ties to groups that the killer disagreed with. speaking to my contacts last night, obviously, the initial reaction, pure shock. guns are rare in japan. there's only 10 gun incidents per year in a country of 129 million, and some of the strictest gun laws on the planet. but these were home a made weapons according to police. now, even the police themselves don't carry firearms in japan because of the constitution that the country adopted after world war ii and because of the low crime rates that japan sees. shinzo abe himself, longest serving japanese prime minister, nine years in total, and i interviewed him early on in his

tenure. i would say less flair than his predecessor, but definitely more enduring influence. and signature policy and signature legacy and legislation will probably be called abe-nomics, a progressive jump start to the stalled currency. he weakened the yen, injected more money into the economy, more government spending, hasser monetary policy, and he also brought more women into the work force, and it was dubbed women-nomics. he was the first to meet with then-president donald trump in 2016. security was a top issue for him in reaction to what he saw as an aggressive, rising chinese power in the asia pacific. but, of course, you know, nine years in office, longest serving japanese prime minister. and in that time he wasn't without his controversies, and he sparked regional tensions with his visits to the controversial shrine which honored war criminals from world

war ii. there were also allegations of misspending during his tenure and whether his policies helped or hurt the economy long term. but, cheryl, i'll tell you this, i think long term, and he will go down, his legacy is that he is the most consequential postwar japanese leader and still highly influential in politics because with he was trying to get his party, his coalition reelected into office, into higher office in the upper-house elections. cheryl: and, susan, he left in 2020 because of health concerns. >> correct. cheryl: it wasn't that he was pusheded out or i unpopular in japan, correct? >> yeah. as i said, he won seven elections during his stint as prime minister, and before he actually consolidated the prime minister leadership, there were six or seven years in a row where you had a new leader come in. so the fact that he lasted, longest tenure of eight years, that really says something about how honor popular he was and how he was able to stabilize the country. cheryl: such a shame and a real

loss. susan li, thank you for that live report, appreciate it. i want to bring in rebeccah heinrichs. what do you think this means for not just japan, but also for china which was often angeredded by abe's defiance? we, the united states, had a very, very strong ally in abe and the government. >> this is an enormous loss not only for japan, but for the united states and the free world. i mean, if the free world can really deter chinese aggression and stop china's aims to take taiwan and to become a hegemon over the indoe-pacific, it will be in large part because of the reforms that abe led japan through, the prettyification of the u.s./japanese alliance and relationship. we will be indebted to him and the efforts that he made to make japan really strong. he, in 2014, reinterpreted their

pacifist if constitution to essentially, in principle, allow japan to come to the aid and defense of other alliance members who could be potentially attacked. and so he really was enormously transformative. he leaves a lasting legacy of peace through strengthen, and we are all in the west greatly indebted to him. cheryl: yeah, no, let's talk about the gun law issue here, because what happened in japan we've seen happening in this country, many particular with ghost guns -- in particular with ghost guns in new york state. here they've got some of the strictest gun laws in the world. it's rare for a shooting in japan, as susan li was just reporting, yet this ghost gun, a homemade gun, is what eventually, you know, killed him in this morning. is there something changing in japan that we're not aware of here? >> no. actually, i think that the lesson here is some things about the human condition don't change and that there really is evil in this world. and to the degree that we want to try to constrain it and do our best to protect the

innocent, there still is evil in this world that will find its way. we do the best we can to protect the innocent and avenge whenever there is wrongdoing, but really this just shows, i think, for americans to make this about sort of gun control and the president of the united states, unfortunately, made a statement about that in his statement about the passing of shinzo abe, i think, is a terrible mistake and just shows how political, you know, how politicized even our foreign affairs has become. but really this is, kind of goes back to really abe's legacy that really, it's peace through strength. you need weapons in the hands of good guys to restrain evil and protect the innocent, and this is just a tragedy that his life ended this way. cheryl: i'm reminded by something you just said that especially in the face of, you know, covid lockdowns in japan were brutal. they had a much longer, more prolonged lockdown than the united states and other western countries did, and you have to address the issue of mental health. maybe it's not about gun control, it's about mental

health, and that's maybe the conversation that needs to start happening more and more, rebecca, thank you for the insight, really appreciate it. >> thank you. cheryl: all right. we've got a hot more coming up. -- a lot more coming up. is elon musk's deal to buy twitter falling apart? we're going to tell you where things stand after after a quick break. ♪ ♪

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cheryl: here we go, again. washington post is reporting that elon musk may walk away from his $4 # 4 billion twitter -- 44 billion twitter takeover. kelly o'grady has the latest for us. hey, kelly. >> reporter: hey, cheryl. elon musk's twitter bid has been on told for -- hold for quite some time. after completing hair own evaluation, the team reportedly can't verify the claim that bots make up 5% of users. sources telling me management is spooked, and yesterday reportedly sharing that their

team removes more than a million spam accounts each day. elon musk sharing his skepticism in response to a user asking how many new real accounts it adds a day he tweeted that is, indeed, the real question. those working with musk have allegedly stopped negotiating with investors for further financing commitments. sources in the banking world tell me we can expect a potentially drastic response from the tesla ceo soon. zooming out for a second, considering the trajectory thus far, he invested in twitter before the board offer, threatened to walk, it's a pattern. these dramatic moves produce results because twitter is backed into a corner, and some think this is just another move in that dance. >> i believe right now more than a 1 in 3 chance that he looks to walk, fight twitter in court. if twitter's a stand-alone company, that's a sub-30 stock. it's a game of high stakes poker between musk and the twitter's board whose backs are existence the wall.

>> reporter: there's a big media tech conference in sun valley, elon musk is supposed to be there there this weekend. deals get done there, so maybe he will negotiate a lower price and we'll see some fireworks. cheryl: well, and that's the question mark here, i mean, is he using the public forum to negotiate a better deal. you and i talked about this, he's got a good reason with those bots. you could almost say that was actually -- if they were flat out lying in their quarterly statement to investors, twitter has more problems than elon musk backing out at this point. >> reporter: yeah, definitely. and he would have cause to walk away if they were. cheryl: he does. legal cause, there you go. kelly o'grady, thank you so much, live for us from los angeles. i want to bring back in carol roth and michelle snyder. that's the question, is elon musk using the public forum of twitter to get a better deal? >> it certainly seems that way, but it also looks like there may be sort of a little bit of

buyer's remorse with elon musk after he was so so boldly looking at buying it at much higher levels of $54.20 a share, now it's trading at 37. he's probably trying to play the system using this whole bot thing. twitter's reporting, what, about 5% of their system is actually bots? so what he's going to try to prove legally is that it's way more than that, and they've misrepresented. it's going to be interesting. the stock itself is, obviously, floundering like so many other stocks, but it hasn't quite fallen apart yet. cheryl: well, carol, he said -- and i think dan ives has pointed this out -- those bots could be 20% of tritt -- twitter. >> i'm going to read to you from elon musk's twitter account, april 21st. if our twitter bid succeeds, we will defeat the spam bots or die trying. and he goes on to say, authenticate all real humans.

since day one this has all been a crusade against the bots. he knows the bots are are a problem. he waived the due diligence provision because he really didn't seem to care in the beginning. what is not the perception of bots, in my opinion, it's the market. he, like, went right at kind of the top all before this most recent collapse, so not only has tesla's stock collapsed, but the broader market and other tech stocks have collapsed, and he made a timing error here, and i think he has big, big regrets over this and knows that that's a mistake and that based on the world as it stands today and the fact that we don't have this fed if easy money policy, that he is overpaying for this property and trying everything he can to try to either renegotiate or renege entirely. cheryl: cheryl: you know what, you're bringing up an interesting point about due diligence. that was always the question, why he did waive the due

diligence part of this especially for $44 billion. the other interesting issue was the issue of tesla, because now there's concerns that his eye is not on tesla, his eye is on twitter, and that tesla is going to suffer in all of this. >> well, that's certainly possible. tesla has other issues. they're no longer the leader in ev deliveries. that came out this week. [audio difficulty] labor issues in terms of they're going to have to turn some people away and lay some people off. obviously, cost of materials in the supply chain has been an impact, and now his latest little paternity fling is there in terms of bad press. now, i don't think that necessarily -- [laughter] does anything to the price, but it is interesting because the man himself is headline after headline, right? but, yeah, i think what carol said is absolutely 100% correct, and from what i read, the only real legal recourse he will have is if twitter did misrepresent

what the bots situation is like, and otherwise it does look like sour grapes and trying to jockey for a lower price. cheryl: i'm not even going to go into his love life -- [laughter] all i'm going to say is it's interesting. [laughter] he is something else. elon musk, ladies' man. carol roth -- [laughter] michelle schneider, appreciate it. okay. well, we've got a lot more coming up on the show. there are some new signs that the housing market is slowing down, cooling off. maybe that's a good thing. million dollar listing cast member kirsten jordan joins me after the break on that and why her hit bravo show was just put op on hold. ♪ -- got a ways to go. ♪ but this is till the place that we all call home ♪♪

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♪ cheryl: well, rent prices soaring over last year, but those rapid hikes may be coming to an end. madison alworth is live in hoboken, new jersey, with more on the pullback. madison. >> reporter: cheryl, we are beginning to see some good news for renters. rent decreased for a two-bedroom unit from may to june by 2.9%. finally moving in the right direction. this is actually the largest decrease that rental site dumper has seen since they started tracking data in 2016. now, one-bedrooms did increase by 0.5, but that's minimal compared to the 1 percent rent hikes we've been used to. so the spikes are slowing down, something that a seems to be helping is the increase in home-buying inventory. according to zillow, inventory is up 10.5% since april of this year. great news! less good news, we are still 50% below 2019 levels. so that competition is making

rent even at these elevated level ares attractive for the time being. >> good news in the rental market right now is that in a lot of the country we're seeing rent prices are actually lower than paying a monthly mortgage payment. and so in terms of that kind of trade-off for people who are kind of on the edge of should i buy, should i rent, it's cheaper in the short run to rent in a lot of places. >> reporter: now, of course, some areas are seeing rents inflate much higher than others. taking a look at the top three cities with the largest increases in rent year-over-year, they are all in florida with miami taking that number one spot. on average, rent has increased 15.9% year-over-year according to zillow, but the hope is that the that percentage could continue to go down as we continue to see numbers move in this direction. definitely welcome news for renters struggling to afford rent in the city right now. cheryl: if you're a teacher, a fire fighter or a police officer in miami, you can't afford

housing. that's how much that market has changed. fascinating. i'm glad you brought that up, madison. appreciate it. in hoboken as well, where you are. madison alworth, thank you so much. well, housing prices are still at premiums overall. kirsten jordan joins me now. i want to start with mortgage rates because we actually saw them tick down a little bit this week. we're about about the 5. 7% range. is it possible, just possible, that that the rise on the 30-year has stopped? >> that's a really good question. i can tell you that we have seen anecdotally in new york city definitely a little hike, a little rise in activity just with the news of the rates leveling off. i think you have to definitely look locally in your market to see where your real rates are personally because, as you know, it really, really fluctuates nationally across the board depending on the banks you're talking to and, of course, your position, whether you have private banking. but if they are leveling off,

that's going to be great because there's still really solid, healthy demand for housing, and that's -- and with that coupled with a little more inventory for people to choose from, i think it could be really, really nice for the next couple quarters. cheryl: one of the things that seems to keep prices high across the country is low inventory. are we getting more listings coming to market now than we were a year ago? i'll give you the example of phoenix. phoenix year-over-year, i think it was, like, 3,000 mls listings, now there's 8,000 and change. so is that possibly meaning that more inventory the's coming onto the market this. >> >> there's definitely more inventory coming to the market. we're urging sellers to remember this is no longer the aspirational or the super aspirational market that it was even just 4, 5, 6 months ago. this is a market where you should be a serious seller, you should be ready to do all the fixes in order to get your place ready to sell, and you should be realistic about pricing because

it's no longer just an exercise to try to really max out numbers. people are, have more to choose from, and you're going to think about listing and being serious about pricing so that you can actually sell, unlike before. cheryl: sellers need to be more realistic. i've said that as well. and also real quick, i'm wondering if the time of bidding wars is coming to an end. we saw that last year in particular, even the beginning of this year. is that slowing down? >> we're definitely seeing that slowing down. we have less bidding wars locally, and we're seeing fewer bidding wars, but there are still solid, solid, multiple offers on the right kind of properties. there's still pockets of the market that sill have this demand -- still have this demand and very, very short supply. usually the most urban, you know, like the miami market where there's, clearly, things are going to cool off, but there's still tremendous demand and very low inventory. and what we're seeing in new york city, the suburbs and the

upper market as well. cheryl: kirsten, we learned this week that that your hit show, "million dollar listing: new york" has been a paused after nine seasons on bravo. of course, many are wondering why? what's going on? [laughter] >> what is next, right? i mean, you know, it's been -- it was a crazy season nine, you know? we went through so much in order to be able to put out that season. you can imagine it took us almost two years to film, it was the middle of covid, and i can say that i'm just really proud of the amount of content that i was able to put out about being a working mom, showing other mothers out there that you can be a successful working mom in the real estate industry, in another industry. and i think, actually,ing my family will really enjoy watching the episodes even years to come because of the fact that they get to watch me launch my team, you know, really hit my stride. and i, tv -- it's not end of me in tv. there's definitely exciting stuff to come, and i'm working on it.

cheryl: good, good, good. we will see you soon. can't wait to hear what's next. always good to talk to you, thank you. all right, well, we've got a lot more coming up. back to oil. we're at 104 and change, that's a gain of 2%ed today. we're edging higher, but we're heading for a weekly loss as recession fears weigh on the market. louisiana senator bill cassidy joins me next as president biden gets ready to head to saudi arabia. plus, don't forget to send this questions for charles payne's inflation in america special. that's going to be later this month here on fox business. send your questions to investedinyou@fox.com. ♪ ♪ ca moore. jessica was born to care. she always had your back... like the time she spotted the neighbor kid, an approaching car, a puddle, and knew there was going to be a situation. ♪ ♪ ms. hogan's class?

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♪ >> and i don't think that he should go meet with mbs until mbs takes some accountability for the murder of the american journalist and bringing the war to gemmen in an -- yemen in an end. we're going and begging saudi arabia for oil while we're exporting oil around the world. cheryl: that is a democrat speaking out against president biden's upcoming trip to saudi

arabia. senator bill cat cassidy -- cassidy joins me now. what happened to virginia mall khashoggi? >> what happened to the pariah that president biden promised he was going to turn the saudis into and the saudi leader? where's all of that now? >> this is a confluence of at least three things; inflation being driven by the high price of oil, number one, number two, a recognition that sometimes you've got to -- you can't pick your allies for what you like to pick them for, you have to pick them for what you need, and, lastly, the biden administering's war on north american war on oil and gas production. it's that last one that's been most impactful, because if he had not started that war the week he took the presidency, we'd now have an adequate supply of north american oil and natural gas. but because we don't, he's got to swallow his pride and go to mbs and ask him to, please, please, please, put out more oil. cheryl: what do you make of

reports that president biden actually has been selling some of the spr reserves, he's been selling it overseas to europe, to asia? the optics alone are a little troublesome. >> yeah, the on the toics are troublesome -- optics are troublesome. now, what i've learned is the companies buy it and the companies ship it overseas. and i've been told our refining capacity is at 95% so that there's a limited a amount of refining capacity here, is so they ship it overseas. now, that's their side of the story. i want to know a little bit more. but in regards to refining capacity, the energy information agency actually confirms that. on the other hand, part of the repining capacity being down is because of the regulatory environment, and companies just throwing in the towel on certain refining plants. so this administration just basically owns -- [audio difficulty] in the united states. cheryl well, we'll see how that plays out in the midterms. we know what the predictions are anyway for this red wave we may

see in november. real quick, any talk in washington now among you and your colleagues about suspending the federal gas tax? >> there is some talk, but it's gonna -- president obama, when this was brought to him, said it would make a minimal difference on how much somebody pays for gasoline per week. so this is a band-aid on top of a gaping wound, and the gaping wound is started by the biden administration's war on north american energy production. i would say a better response, operation warp speed. just like we did it for vaccines and got a vaccine out in 10 months, let's do it for north american oil and gas production and for refining capacity. we did that, it would send a signal to the market, futures prices would go down, and that would help automatically, or at least at point on the price of gas and gasoline. cheryl: senator bill cassidy, it's great to have you, senator. thank you for your time. >> thank you. cheryl: all right. well, markets are aiming for a

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♪♪ >> americans sos as inflation ripped through the nation,

causing confidence in the white house to plummet. welcome to the second hour of cavuto coast-to-coast to. we have a packed our ahead. inflation still on the minds of americans despite better than x like the jobs report. the white house telling fox they, quote, have a plan. can't wait to hear it. edward lawrence has more from the white house. >> reporter: the president in addressing this jobs report failed to mention the average hourly wage increase fell for the third month in a row, it is at 5. one% you are of your, was 5.3% two months ago but inflation at 40 year highs. this is what the president did say. >> president biden: times are tough, prices are too high, families are facing cost-of-living crunch but today's economic news confirms that my economic plan is moving this country in a better

direction. the unemployment rate is near historic low of 3.6%. >> reporter: americans are not seeing what he says. a gallup poll shows 23% of americans have a great deal quite a lot of confidence in the presidency, the lowest number ever recorded for this paul. >> the reality on main street usa is americans are feeling the prices at every level, not just gas, supplies, everything from housing to manufacturing to you name it. it is coming off mike cannot continue this and if they do we will have a deep recession who knows when? >> reporter: stuart varney got the labor secretary to admit the president's plan would not address inflation. stuart: you might lower costs for some but you do not lower prices. >> no, you don't.

if the president doesn't address childcare those prices will spiral upwards and we will have bigger issues with job shortages and more help wanted signs in windows in america. >> reporter: the president says being patient would pay more. cheryl: thank you. our next guest says inflation is far worse than we are being told. andy, great to speak to you about inflation. why do you say that? >> the way inflation is calculated by the bureau of labor statistics changed in 1983, the way they included housing costs, and they didn't

look at what people, larry summers, and the treasury secretary under bill clinton and the national council of economic advisers under president obama, but the report said if you calculate inflation, and >> i told a ronald reagan joke, it wasn't so funny. the administration says they have a plan, not sure what they can do to deal with runaway inflation but is there anything they can do to change course? >> two things.

this is a supply and demand problem, demand is too high, work requirement for any welfare benefits would be a good idea. we eliminated those during the pandemic, people continue to get welfare benefits without having to find a job, we should change that, able-bodied people should be working as we should do something to increase the supply, encourage businesses, reduce regulations to encourage them to produce more which would reduce taxes to encourage them to produce more, focus on thomistic energy production which affects the cost of everything and if we get more oil into the system the price of oil and energy comes down and we are able to lower costs. there are things that can be done. the question is could this administration do them, given the political backing from the left this administration received and the commitment to destroy the fossil fuel sector during the campaign i don't think they are capable of doing

things that need to be done to bring inflation down. country is in a difficult point because of administered in policies. cheryl: all this in the year we are holding midterm elections in november but we have the jobs report that came in 372,000 jobs, the number was better-than-expected so strong labor market but on the other side, you talk about our recession. larry kudlow says we are in the front end of the recession right now. how does that correlate? explained that. >> you need to look at those numbers more deeply than president biden wants to. 250,000 of these 360,000 jobs, people working two jobs, the number of people working two jobs increased by a quarter of a million people. that is not going to help because people are suffering from inflation and need to work two jobs. it is not a positive comment on

the economy. another reason employment is so low is the labor participation rate which went down this month is solo, that's the number of people working are actively looking for work. if that number were the same as it was in february 2020 when the pandemic hit, unemployment would be 5% or 6%. these numbers are not as good as the president would like you to believe. another of your guests said the important thing isn't necessarily whether we are in a recession. the evidence is mounting that we are technically in a recession but the important thing is americans have been sensing we are in a recession for the past three, four currently 5 months every time they go to the gas pump or grocery store, they know they are in a recession and that's more important than whether this number or that number is positive or negative. cheryl: if it walks like a duck

and quacks like a duck, thank you for joining us today. let's stay on the topic of inflation, gas prices have fallen for a little over three weeks but experts say that may be temporary. grady trimble is in chicago with more. >> reporter: 24 straight days of falling prices at the pump, drivers are enjoying it for now. how long will this last? of the national average for a gallon of gas has fallen by $0.20, still high at $4.72 a gallon, that means americans are collectively spending $115 million left today than they were a month ago. the price of oil has dropped, as the fed raises interest

rates, we could be heading for recessional in one already. oil supply remains tight, production among opec plus countries is up but they are still missing their target by a lot. this comes as president biden is heading to saudi arabia later this month to ask the saudis to drill more oil. some experts say that could all be for not. >> they don't have a gusher to open up, i think they will provide more oil and the opec plus arrangement enables them to do that but you will not find the solution there. >> we see some demand destruction at the pump as drivers skip summer trips because of the high gas prices. some experts say the national average could keep falling as low as $4.50 but aaa warns july's typically the heaviest

month for demand as more americans hit the road so this trend of using prices could be short-lived. another major concern is hurricane season. if there is a major storm that disrupted drilling in the gulf of mexico or refining in the gulf coast states, that could cause major problems for gas prices as well. sharey a few pennies better than it rising a big help for most americans. thank you for the live report. markets are aiming for a winning week, despite continued and say 90, the markets have been hard to navigate, very difficult the first 6 months of this year. evening q 2 we saw 16.3% drop for stock funds, folks are feeling it. even after the jobs report,

what do you make of it? >> i'm a believer in the major trend. every now and then, we are in one of those movements we are railing up a little bit. 200 sectors, every country, most everything remains in a major downtrend, a few outliers, the managed-care stock, they ask really well, and some medical and biotech, and patient is the buzzword. i consider an important earnings season, not what they've done in the past but what they say don't do on

guidance, cheryl: i had a guest tell me his feeling was before earnings started kicking in. those earnings, he thinks the street, the number of expectations are too high, is that true? >> it is simple, higher cost of the pipeline for every type of company out there. they hacked their accounts for higher expenses which started coming down in the last few weeks but were there for the most of the court. the reason i use the word guidance, we have to look forward to what is next, the market has already factored in anything that happened in the past. if guidance continues to head south and continued worries come from companies the market will remain on the defense and patients is important, cash is

not a bad word, it is a good place to be even though inflation is bad right now it is better than losing 30% on their money. i will be listening to what they say and what the reaction is and i'm not excited with what i am seeing yet. cheryl: what is your prediction for cpi? we are getting that report wednesday morning at 8:30. >> oil prices are down $20. every commodity i follow, some crashed weather is lumber down 40%, cotton, copper, wheat, soybeans, a lot of them have topped out, you can look at the crv index which measures 19, daddies, you're getting some relief but from very high levels and the question on whether it stays down. numbers will look better. i am not sure, at the pump it is meaningful. when you go to the supermarket it is meaningful, not sure it will be that great for the markets yet. cheryl: i want you to think of

this. i was reading a report about copper and of copper goes under a bear market that signals recession but don't say anything to we will talk about that later. keep ahead. we've got a lot more coming up. republican florida attorney general ashley moody on new actions governor ron desantis is taking to address the border crisis. ♪♪ ♪♪

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clinic to get a prescription for methadone july 1st. while in the car she noticed her 9-month-old had blue lips and was not breathing. the 9-month-old was transported to a children's hospital in the jacksonville area where a urine test revealed the baby tested positive for fentanyl. the father told investigators the night before he crushed the xanax pill and snorted it but turns out xanax had been laced with fentanyl. whether the baby was given the drug on purpose to make it stop crying and go to sleep or whether it was from contact tracing like the baby's bottle which was handled by both parents all not clear and under investigation. the mother was already on probation for a previous charge of child neglect in 2019, at the hospital the baby was given multiple doses of narcan, farther urine tests showed the

parents also tested positive for fentanyl. the grandmother was so concerned about the little ones that back in november she hired a private investigator to try to get evidence against the young couple who are not married, the other two kids they have are 7, and 21/2 years old, bond for each of these parents stands at $100,000, they remained behind bars. cheryl: thank you for bringing that to us. i want to bring in attorney general ashley moody, your reaction to this heartbreaking story. >> this is a tragedy in the making and stories like this are not uncommon all around the nation. fentanyl has flooded into the country. biden might as well have given

a key to the cartels. it is unbelievable the amount flooding in. it is extraordinarily dangerous. we are dealing in one of the smallest counties in our state, dealing with an emergency right now where fentanyl is running rampant. we have seen tween 9 debts, incredible amount of overdoses, the border and lack of security and lack of law enforcement has made americans less safe, certainly floridians and that is why as attorney general, the top cop in the state, wonderful to have a governor who is like this cannot be tolerated, you cannot have a country or state and not enforce the law. he's taking action and it has been a breath of fresh air and too many around the nation who are begging for leadership. cheryl: to talk about what the florida governor is doing to combat this crisis, what happens in florida can be a test case for what could happen

across other southern states and to be clear the crisis at the border, fentanyl is infiltrating all 50 states. this is a nationwide crisis. >> the president rarely said the word, when they declared the national fentanyl awareness day, congress did not, the president did not recognize it. he does not want to come he cannot because it is a failure of the administration, stepping up and trying to do the work this administration should be doing like governor desantis who asked the supreme court to larger grand jury investigation to transnational criminal cartels and was working with them, helping them facilitate this trafficking whether it is drug trafficking or human trafficking or smuggling into our state, we have floridians dying, cops getting shot at from those that are here illegally, our sheriff being told to release dangerous

people back into the communities, enough is enough, this administration needs to do their job. if i hear mayorkas say he think they are doing a good job while americans are dying i am going -- we are going to lose it here in florida, other governors around the nation trying to step up. cheryl: mayorkas, the things they are doing, at the border things are just fine. those ranchers in particular are coming on to fox business. we have been covering this the last couple years, since trump left office at the border, completely exploded and president biden basically said open it up, everyone is welcome and order patrol agents are getting stuck babysitting migrants and drug smugglers on the other side while they are distracted and bringing in the fentanyl. what is the main thing florida

can do, the governor desantis can do to push back on the drug smuggling that has infiltrated florida in particular? >> as attorney general in florida we have been leading with other states, pushing back on some of these reckless policies that are in fact unlawful, make no mistake, the president and congress could stop this right now, they could draw down resources to the border and secure it, we will keep speaking out on that and taking the fight to court but law enforcement agencies in our state have to step up and do the job that mayorkas and biden and the doj will not, to protect the citizens against transnational criminal cartels and the criminals that are flooding into our state. cheryl: this is a midterm election year, there's a lot of talk about a red wave from washington in november. how much of a piece of that red

wave can be attributed to the border crisis and the drug crisis that has taken over the country? >> that is a great question. if you look at law enforcement leaders that are pleading for help, it crosses party lines, this is not democrats or republicans, they are saying pay attention to this, there are people dying, there is no security, we cannot protect our communities, this crosses party lines, i think you will see this administration be held accountable, leaders in congress be held accountable in november because of their lack of action which they could take steps tomorrow to control this and that is what should happen, they should be held accountable and we are going to keep calling out this administration, lack of safety and security for america as it continues to happen. cheryl: thank you for joining us to talk about a serious issue, what is happening in communities like yours, like ours, thank you very much for being here. >> great to see you.

cheryl: a lot more coming up. switching gears, charlie gasparino, got the plum assignment today, he is live in manhattan, how did you pull this off again? they are seeing a change for the better? we will come back to charlie in a moment. ♪♪ ♪♪ if you wake up thinking about the market and want to make the right moves fast... get decision tech from fidelity. [ cellphone vibrates ] you'll get proactive alerts for market events before they happen... and insights on every buy and sell decision. with zero-commission online u.s. stock and etf trades. for smarter trading decisions,

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>> stronger than expected jobs report today but many small businesses are getting help from a younger pool of talent. jeff flock is in wildwood, new jersey where teenagers are stepping in to fill the gap.

jeff: i think i got the plum assignment today, not charlie gasparino, this is the gateway 26 arcade in north wildwood, new jersey, this is the place that relies on young people to fill in the gaps this year. jaden rivera -- >> 18. jeff: they need help. you are studying to become a medical student. >> orthopedic certain. >> and making big money. >> working a lot of hours, putting a lot of work but i need it. it is money for college that will help me in the future. jeff: i want to show you this place, i talked to brian sharp, you started as a young teen kid here, saved your money, bought the place. >> first of the only job, $3 an hour was the wage when i started, worked hard, fell in

love with the business, fortunate enough to buy the business. jeff: look at the numbers on teen employment or unemployment, way down this summer because businesses are short of workers and you can tap the teen market place. >> we worked hard to treat the students well, the teens well, we've been fortunate to have a great bunch of teens that are wonderful for our customers, important for the business. >> want to look at the costs of that. you are in business to make money, you have to pay a lot more for these guys, look at the costs of wages for young people, on the rise. >> it is an investment, 40% more is what the wages of gone up from pre-pandemic until today but we look at that as an investment, a return, by having great employs, customers are treated well. jeff: very cool place, a place where you play games and it is not a casino where you win money but if you get points enough you can choose from all

these prices, all the stuff, god knows what you can get but if you get enough points playing all these games you are a winner. the teams are the winners right now. cheryl: you are always a winner in my book, thank you for that live report, there are some positive signs for business owners, gerardo bruneau is seeing an uptick in staff. charles: while jeff is having a hot dog, in san diego in midtown manhattan, a year ago we were here, almost exactly a year, you were complaining inflation is starting to really set in and squeeze your margins, where are we a year later? is it worse? better? >> thank you for having me

today. from a year ago it has gotten much worse. charles: squeezing your margins worse. >> when you hear the minimum wage is $15 it is not true. we pay 26, $27 for people that never worked in a restaurant, or talking about coke. me and my brother, mostly -- prices of the food and vegetable market is reduced double. i don't understand why you cannot find american products anymore. you have to fight for american meet, you have to fight for

american produced vegetables. everything comes from overseas and let's say fish or salmon, 17, $18. charles: you are getting squeezed, it wasn't transitory as president biden said it was and fed chair power, squeezed on pricing and labor because there's a labor shortage so you have to raise prices, let me switch, you do have to raise prices. >> how many times can we raise prices? charles: another big problem particularly for small business owners in big cities is crime, you are here in midtown manhattan. has it gotten worse over the past your better? >> the crime here is getting worse every day.

just last night, i was parked outside i saw a cop going by the garage and all of the sudden they started to argue and these men punch to this woman in the face. charles: violent crime everywhere and that depresses your business because people don't want -- one more question. this is an important question. you serve the business elite. the ceos of wall street firms and they still come, the larry finks of the world. they were not crazy about donald trump, didn't like his attitude. is there any buyers remorse? a lot supported biden, any buyers remorse now that biden has been in a year? >> without a doubt much worse.

people want to go -- -- charles: the wall street elite that you serve are they saying good things about president biden? >> what i overhear no one is happy. no one is happy. they really hope he is not running again. and -- something like trump. charles: we will be back in a couple hours to finish our interview. back to you. tell flock to enjoy his hot dog with extra ketchup or mustard. cheryl: enjoy the barada when you are there. charlie gasparino, i love san pietro was i want to bring in former us labor secretary eugene scalia. we've been talking about restaurants and staffing. i was looking at leisure and

hospitality jobs, 67,000 jobs were added, food service, drinking places 41,000 jobs were added. looks as if we are seeing more of a boost in the service sector in general that would signal these restaurants are getting some relief as far as staffing goes. >> reporter: they are coming back, this was part of the economy that was hard-hit by the pandemic, what we call leisure and hospitality we are million jobs down in that sector compared to where we were pre-pandemic so there is still a ways to go. today's report was a very good report. don't know that we can say it was an encouraging report for the future but i look at it as a reflection of where we have been. we have more private-sector

jobs today than we did pre-pandemic, that's a good milestone to achieve, adding 370,000 jobs a month is very good but as you say, that is in large part because we are putting back jobs we lost during the pandemic, that's great news, doesn't necessarily indicate where we will be 3 or 4 months from now as we head into inflation and the like. cheryl: one. 3 million jobs less than we had in february 2020 leisure and hospitality. let me ask this, so much talk about impending recession for the us economy yet we see a strong jobs report, 372,000, we were only expecting 268,000 this morning so how do we talk about a recession with a strong labor market? >> again it is a good report as you say, far above expectations, 3.68%, these are

good indications in the report but it is more of a reflection of pulling out of the pandemic and its impact and doesn't tell us yet what those head wents will do to the job market, we have to wait and see. we like these numbers and the other striking thing about the job market, the prior segments touched on is how many open jobs we still have. we have 112 million open jobs. pre-pandemic we had 7.5 million, a huge number, we still have a lot of open jobs, that is increasing wages but not enough to keep up with inflation. we have to watch what happens the next couple months.

cheryl: the economy getting help from the supreme court which ruled the epa does not have power to regulate plant emissions, a severe blow to the administration's climate agenda. your thoughts. >> this is an important supreme court decision last week where the court applied for the first time used the major questions doctrine. when an agency is issuing a really big rule with huge impacts and when it is controversial it better have clear authority from congress to do that, putting the ball back in congress's court, we need congress to step in on big matters, for the president it means he's not going to be able to rely on his regulatory agencies to address controversial issues like climate change to the extent he might have been planning to do. that could be good news for him.

looking at the economy one of the things we have to worry about his overregulation, one of the reasons we had such a strong economy during the trump administration is he set about relieving regulatory burdens, biden has been looking to reimpose a lot, could be a blessing for him if the court is going to stand away a little bit some of the more aggressive regulatory changes the administration is talking about. a big decision from the supreme court at the exact time the securities and exchange commission, federal trade commission, cfpb and other agencies were rolling out there big agendas. cheryl: thank you for being here. all right. i have a lot more coming up. manhattan's district attorney

blasted sending a bodega clerk to rikers for defending his life. people wondering why criminals are being treated better than law-abiding citizens.

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cheryl: in new york city though point clerk charged with murder his home entry on bail after being released from rikers island, k sparking outrage as many say the worker was defending his life in the video makes it look like that, david lee miller joins us with more. >> reporter: according to the report, the clerk stabbed him 5 times, the district attorney says it a second degree murder. others including the mayor say he did nothing wrong, his

supporters say it is a case of self-defense. a growing number of new yorkers are outraged about the case especially after seeing security camera video obtained by the new york post shows austen simon who was upset about a dispute with his girlfriend instigated the conflict by shoving out by. the paper says simon was on parole for assaulting a cop, he grabbed a knife, much of the struggle is out of camera frame. balboa returns home from rikers island after a judge reduced his bail from $250,000-$50,000, prosecutors initially sought half a million, the da's officer should a statement about the bail reduction which reads in part, quote, people have been in conversation with defense counsel on this matter to come up of the bail package that balances, international context would be the least restrictive to assure his return to court on this serious matter. the da's office expressed concern that our might not return from a previously scheduled trip to the dominican

republic where he was born, it requires them to surrender his passport and be monitored electronically. mayor eric adams paid a private visit to the store yesterday afternoon and rallied support for alba. >> time for new yorkers and americans to start standing up for people who follow the law and that's what i'm going to do. >> reporter: the day's office says it is investigating alba's case. if convicted of 2nd ° murder he faces up to 25 years in prison. cheryl: you have a bipartisan group of city councilmembers insisting they drop the charges. we shall see, david lee miller, thank you for that live report. we have a lot more coming up on the show, twitter shares pulling back as the future of the company remains up in the air. will elon musk walk away from the takeover deal? we will get into it coming up next.

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cheryl: in a report from the washington post is elon musk's twitter deal could be in jeopardy over the issue of fake accounts. what do you think? >> the announcement was made april 4th. i thought it should have been announced april 1st. it was amazing to me he would pay something that was 39 the day before and my only thought process was if he waited out he can get it under 40. that is what happens if it gets done at all. looks like he's trying to back away and it is smart, he's got tesla, space x, with tremendous potential going for. a lot of irons in the fire, why does he need twitter? it may be going that way now. cheryl: you think -- do diligence didn't happen, he talked about it, bots are his biggest problem when it comes to twitter. i want to talk about potential

recession. the thinking goes of copper is in a bear market that is indicative of a recession. do you buy that line of thinking? >> it is something i follow. when i found out pcmakers, the top three went over 40% which means the demand is dropping because we are out of covid and if copper goes into otto and electric and all kinds of things and copper is sitting down that means demand is sitting down and couple that with semiconductor stocks it tells you about demand going forward. the job number is good. anyone with a job is a good thing and i hope that continues but the consumer is in big trouble, savings rates tanking while credit card usage is skyrocketing and you brought up this copper thing, way down may

and other commodities. cheryl: a big piece of the journal talking about how americans are dipping into savings to deal with high inflation and that is a worrisome sign, thank you, you never worry me, great to see you. a quick market check for all of you, stocks are on track to finish the week with games, more cavuto coast-to-coast after this. ♪♪ talisker resources is ready to dominate - with two fully permitted resource assets; an upcoming maiden resource at its flagship gold project in southern b.c.; and a vast pipeline of world class

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cheryl: and that does it for us on "coast to coast." be sure to tune into american dream home on wednesday nights, 9 p.m. eastern time. charles payne, you know, i thought about calling today casone coast to coast, but then i realized i didn't want to make neil mad. [laughter] charles: you know what? it does have have a ring to it. something we'll shelf for now. have a good weekend, cheryl. this is "making money," and breaking right now,st interesting, because today the market's trading in a very narrow range as the street continues to dig deeper into that jobs report, but we're also bracing for next week, that huge inflation read. and, guess what? if earnings season is back. we'll break it down, what it means for the economy and, of course, your portfolio. and the fed wants us to stop spending money, but