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tv   Cavuto Coast to Coast  FOX Business  July 21, 2022 12:00pm-2:00pm EDT

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well-done, ashe. i was 42 years old when he assumed the presidency after william mckinley assassinated in 1901. president kennedy is the youngest person elected president at age of 43. >> there you go. stuart: everybody don't forget to send in your "friday feedback" questions, comments, critiques. we take it all. fan friday, record yourself, tell us your name, where are from, say you're watching "varney & company," you will be on tv ash, happy birthday. sorry i missed it. sorry, sorry. >> thank you very much. >> gentleman on the left-hand side of the screen is neil can view total of it is now his show. neil: what is it with you two and birthdays. fine, happy birthday. ashley, so do you. we just move on. stuart: yep. neil: but this is how much folks love you, still wishing you happy birthday. on my birthday i asked for email, nothing. even my family. nope, nothing. thank you, guys, very, very
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much. happy jubilee or whatever. we're following a lot of things at corner of wall and broad. normally the markets don't get too rattled upon developments, upon hearing the president for example, has tested positive for covid. relieved it appears to be a mild case. we've gotten so use to this, haven't we? it didn't rattle them too, too much. when we got news of this, the dow down a little over 100 points, don't hold me to the second and the tick we started sliding more than 300 points before stablizing. again overall condition seems mild. he has scratch think throat, cough, generally stuff associated with the mild case of the virus. he is 79 years old. there are a lot of worries there what this could mean. he came in contact with a lot of people including his trips abroad. we'll get with that dr. bob lahida at the while house. how they're responding all of this? reporter: neil, look at pfizer's
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stock. he is taking paxlovid to treat covid. he went to bed. didn't sleep well. he woke up with a run any -- runny nose, positive. the first laid did i was in detroit. she tested negative for covid. she is continuing her regular schedule. the president is continuing to work, although not having direct contact with anybody. he is using the phone at this point. the white house says the president will only work in person directly with others once he has a negative covid test. what i asked this week on tuesday as the president had no public events for the first two days of this week. listen. i noticed on the president's schedule last two days are there no public events. is he resting after the large international trip. >> the president is busy. i will let careen speak to the
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president's schedule. down see something necessarily on the public schedule doesn't mean there isn't a lot of work going on? >> white house said the president didn't show covid symptoms until this morning. going through contact tracing, senators elizabeth warren and markky and two massachusetts representatives that traveled with the president yesterday. possibly all the people the president shook hands with on your screen. with covid you don't usually test positive until several days after the exposure. go back four days the president was leaving saudi arabia where on saturday he spoke with the saudi prince as well as other ministers for the gcc meetings. the president has canceled all of his future travel plans. he was supposed to go to pennsylvania today and over the weekend he is supposed to go to delaware. those have been canceled going forward until he gets that negative test. neil. neil: got it. thank you edward lawrence. to dr. bob lahida now. i always love having dr. bob on.
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i reget this triggers appearance. st. joseph's institute for autoimmune diseases director and much, much more. doctor, great to have you. what do you make of how you heard what the president's condition and how he dealt with it. >> he probably had a restless night and asked to be tested in the morning. that is okay. i probably has the covid ba.5 variant which is highly transmissible. the problem with him he is 79. he is in fairly good health as far as we can see. long covid is a big issue with elderly individuals. that concerns me. he could have a long course after the actual testing becomes negative. he is clearly infected and, i should test, they should test everyone that has come into contact with him three days prior. including everyone in the white house. i don't mean one of those brief
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days. chain reaction, the pcr test with the nose swab as we know it. those are far more sensitive. they can also tell what variant if any of the virus that he has. neil: you know, dr. fauci made some news couple weeks ago when i was chatting with him, doctor, talking about the fact that the vaccines might not necessarily work for some of these emerging variants. a lot of people are surprised to hear that. then they things wish you told us that when we got the vaccines we wouldn't be bulletproof on this. i don't believe any vaccine makers or medical authorities at the time said that but at that the love people are wondering, especially in the case of the president, vaccinated twice obviously, two doses i believe of the pfizer treatment and, two booster shots. what are we to glean from that? are they effective, are they not effective? he still got it, what what do wk
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away from that? >> what we're saying if you've been vaccinated you can still get infected by the idea is you will not enter the icu, probably not admitted to the hospital. we know he is on paxlovid which removes the symptoms of the virus fairly quickly. that is a good move. he will take a five day course of paxlovid and hope that he does better but this virus is very wirily. it is immune evasive. that means the immune system tries to overcome it. despite the efforts of our immune systems, everybody's immune system is different including the president's you can be infected. you can get mild symptoms. it could be omicron upper respiratory or the initial delta variant that was killing a lot of people. that is lower respiratory. only thing concerns me is the dry cough. the doctors are on top of him with regard to that. there is no need to hospitalize
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him as he is undergoing therapy. with donald trump we were both covering his infection. he wound up in the hospital very quickly. we didn't have the vaccines and and new viral agents at the time. neil: full disclosure, i had covid twice, had extenuating circumstances i ended up in the hospital. i have ms and i wonder what lands you in insensitive care today, lands you in the hospital which could be a bit of a dicey ride, fully vaccinated the whole works and you still have a tough go of isn't. >> well, if you have other circumstances, what we call comorbidities, severe diabetes, respiratory disease, chronic obstructive lung disease, if you have heart disease with heart failure and you get this virus, it may very well wind up landing
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you in the icu. you could be become shockky. you could have respiratory failure. we measure what we call the pulse oxygenation in the emergency room as soon as you hit the door. we put a little fink on your finger and look how your oxygenation is going. that was the thing that was killing people. neil: doctor, we know what, about three million cases in the last few weeks in europe. we know we've seen spikes i believe in 24 states are now double-digit percentage spikes albeit from low levels so i don't want to alarm people here. hospitalizations are still relatively low but they're out there. in new york they have gotten to the point they're considering bringing back masks. where are you on this. >> yeah. this is a concern, i don't think it's a concern right now except there are people being infected over and over again. you can get this virus, even though you've been vaccinated several times. again it is immune-evasive virus. now, here's the problem, when the cold weather sets in, hard
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to imagine that when we have temperatures of 100 degrees outside, when we get colder and we clump together, there is always opportunity for a new variant to arise. now would that variant be more dangerous than say the omicron which is highly transmissible? would it be like the delta variant we had call it epsilon and some sort? maybe the incidents of severe disease will increase. by very virtue of the fact the president is 79 years of age, that is very disconcerting, he is up there in years, he is a hard-working spy. gyp, the long haul effects of any is includes brain fog, muscle acheses inability to work, chronic fatigue and malaise. all of that can happen. we see that in 20% of all of the patients that get covid. so that is my real big concern. neil: talking about the some of the president's misstatements, jumbled language over the last week in certain events including
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yesterday was an example of this covid fog. i use the whole covid fog doctor, to get me through a lot. people say what is wrong with neil. i say covid fog. my wife points out you're just old and clueless. having said that, i'm just wondering how much of this might have been telegraphed in the president's behavior and statements beyond just criticisms he has had in the past? >> that is always a possibility, neil. it is always a possibility that somebody gets covid and doesn't know it. we have many patients who show up in neurology offices and in my offices who say you know, i have brain fog. i said did you have covid? , no, i never had covid. i have new diabetes. i have new acheses and pains and anti-bodies are off the scale. this morning i was talking to a neurology friend. we were considering writing a letter to the editor after large newspaper, a lot of people have
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covid around doesn't even know it. the long haul effects are apparent. the president, i don't know, maybe some of his recent gaffs may be related to the infection he currently has, one he had previously. neil: you're not alarmed by these spikes, now includes the most powerful human being on the planet that he could get, people say, gosh if he had it there is no hope for me? >> no. i don't think people should feel that way. again omicron is a fairly mild upper respiratory infection. i am concerned about the president because of his age of 79 and the fact he is under a lot of pressure. more importantly he probably has infect ad lot of other people both in the white house and on his trip to the middle east. so this is of concern. i think everyone including the foreign diplomats, et cetera, should be tested and tested over the next three to four days. neil: wild stuff. great catching up with you,
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dr. bob lahida on all of that. steve forbes, forbes media ceo, much, much more. steve, i'm so happy you're on with us today but we've seen a number of time in the past u.s. presidents, some of them volunteered their health, all open case, others hide a lot of details. it is very hard thee days to pull that off i grant but are you confident of the information we're getting out of the white house is accurate that they're not downplaying this, it is what it is? >> i think in this case i think we'll be pretty much on top of it. if the man was in severe condition we would see what happened when president trump got it, take him immediately to the hospital. they're not going to take any chances. the days are long past you think you can treat something in the white house as they tried to do with woodrow wilson when he had a stroke, catastrophic. franklin roosevelt, his illnesses, john kennedy various illnesses he had hidden from us. in this particular case i'm not
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worried about information. we have to see how bad the thing is, looks like it will not be that bad. neil: in the meantime it will, obviously disrupt his schedule. trips are off even those supposed to extend next week, a trip into orlando, florida. i wonder how that changes things right now? everyone wishes president a speedy recovery. anyone that deals with it this, even most mild of cases it is not a whole bunch of fun. i wonder how this changes things? >> in terms after policy there will be no change at all. the question is if a crisis arises, let's say you have the japanese yen collapse or some other crisis blow up in the world that is when you wonder, okay, will he have the energy to do it? i don't think in terms of crisis i do worry about but in terms of a current policy i don't think that will change at all. neil: you know you're a great student of history, stephen. you mentioned some famous case
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of woodrow wilson, things were so bad post the stroke his wife was technically kind ever running the couldn't tricks as hard as that might be people see today, john kennedy battle with other physical issues. we were not aware of the very young president the issues he was dealing. there is a sense when we even go back to fdr, we knew we had polio, he was paralyzed, but we didn't appreciate the degree which this was really picking up in his last few years in office. so i guess we're a little gun-shy looking at this getting a clean bill of health, at least it is okay health in the face of this but we always wonder, right? >> we do. you mentioned the woodrow wilson case. mrs. wilson is regarded by many historians effectively our first female president. she was making decisions for a critical year when the country was falling apart, rapid inflation, riots all around the
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country. so it was a bad time. in the case of john kennedy even though he had these illnesses he demonstrated in the cuban missile crisis that he could handle the pressure, he could deal with the severe potentially existential crisis. again i think the public has to demand what the health of the president is. they got to put out the information and fortunately in the case of a covid it is so out there that they're not going to take any chance again of a president being hidden in the white house, suddenly you find if we had taken him to the hospital we might have avoided something very bad. neil: yeah, no matter his age or who he is the fact of the matter you have easier time finding people who not tested positive for covid these days than who had. i wonder if this puts a recent poll, issue notwithstanding, some perspective where a majority of americans don't think an older person should be or running for president.
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a majority feel that way about this president, donald trump who might want to return to being president. what did you make of that, maybe whether apples and oranges a very unique situation i grant you this reinforce as view about that, i don't know if i want that, someone that old in the white house where this is a risk? having said what we said, this is a risk for every age group but your thoughts. >> well again, the key thing here is the occupant have the capacity to carry out the duties? going back in history you mentioned history, the premier of france closing year, year-and-a-half of world war i was almost 80 years old. he is called the tiger. he had enormous energy, enormous mental capabilities. no one doubted his capacity to carry out those burdensome duties. winston churchill when he became prime minister a second time, was almost joe biden's age, 77 years, he carried out his duties
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effectively. it is not just the age, it is condition physically and mentally and that can vary with people. you can have somebody 60 who is not up to the task. somebody 80 like clemsau. that is where voters have to make the case, does this person have the physical, mental capacity to carry out these burdensome duties? neil: thank you very much, steve forbes following this closely. we're seeing sightings of kamala harris, the vice president, i believe in charlotte, charlotte, north carolina, not getting any audio from this but of course she has been wrought up to speed on the condition of the president, dealing with relatively mild symptoms we're told after testing positive for covid. we're also learning new wrinkles to this, the president himself of a dealing with a cough and uncomfortable conditions overnight requested a test just to check if he had covid.
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indeed he did. we're following all of this very, very closely. also following how markets reacted to this. the markets are interesting creature. they abhor uncertainty, the first wind of this the president tanked those markets. tragically they tanked after the first word after john f. kennedy was shot in 1963, stablizing, the markets closed back then, didn't reopen the following week. it's a reminder left or right, conservative or liberal, republican or democrat, markets are about the future you see suddenly jarred by the developments you did not see. we'll explore that after this. ♪.
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reaction again something we've seen now and then in the past where and uncertain development, what they like to call a black swan moment, unexpected development, sort of jars them for a little before they stablize. francis newton stacy, optimum capital, director of strategy, luke lloyd, strategic wealth partners investment strategist. francis, i shouldn't be surprised by the knee-jerk reaction. that is understandable, what the markets don't know they tend not to sell ask questions later but what did you make of it? >> no, i mean there will be some volatility anytime there is a variable that wall streeters in our lovely arrogance don't think we've perfectly calculated in, but no, everything is about the fed, right? the fed is next week and right now the bond traders are actually trading against the fed narrative. so this is, we're working on our 52-week lower high on the 10-year, which means bond traders are not buying that the fed will be able to remain
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tighter, tighter, tighter and that with the estimate they raise 75 bps, so 75 bps month after month is astounding the bond markets are not reacting to that. everything is waiting on the fed, waiting for surprises. i think 75 bps is priced in. that is why we're not seeing tons of volatility of any breaking news now because people don't want to position ahead of the fed. neil: so, luke, getting back to the individuals that matter to the market, not that the president does not, wish him well, i get that and they don't want anything untoward to happen to him, it goes back to some of the fundamentals prior to getting to this news, right? to francis' point, the fed, what it might or might not do next week et cetera, is that how you see it? >> it goes back to the main street consumer. that is the backbone of the economy and that will support earnings and stocks. i was just at the motley crew concert in the rock and roll
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hall of fame in cleveland last week. i saw the most masks -- neil: whoa, alert here. motley crew concert? >> rock on. def leppard killed it. neil: you are a riddle in a market conundrum, go ahead. >> i am. on top of that my girlfriend got covid early last week. i think covid is more top of mind more than it has been this time of year. i'm not a medical expert. i analyze how people react to these things. how they're spending money. above covid, above all else, people care about inflation in their pocketbooks. i don't think earnings are telling whole story. people cheering about the stock market rising are in rude awakening for the next six months. i get my cues from main street america, main street consumers, small business owners, not large corporations and ceos. main street is living off credit card debt, debt in general the past quarter that can't last forever. on top of that earnings have
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gone up but profit margins have come down significantly. every small business owner i talked to said we are headed for a recession. whether or not that is now or sometime in the next year, i think it is best now to think what that recessionary environment looks like. neil: francis, we're still early in earnings season. almost 15% our way threw it. seven out of 10 companies reported it beaten estimates. i don't put a whole lot of stock in that, no pun intended, thatthey set the agenda, preordained they will beat the dismal numbers, having said that, what do you think of what you've seen thus far? >> beating dismal numbers, there you go, that is a perfect way to say it. i agree with luke. people are now, the savings rate is actually lower than it was pre-pandemic and now people are putting things on credit cards. now what is happening? the fed is raising interest rates, 75 bps in june, 75 in
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jewel. that means credit card rate is going up, that means the debt is harder and harder to service. what does that do? that backs off consumer. neil, what you always say, what cure for higher prices? higher prices. people stop paying for it. they may beat dismal numbers and i think it is getting worse. the consumer is deteriorating in the background. credit is getting harder to surface. neil: that is an interesting sort of backdrop for this luke. i had steny hoyer yesterday on fox news show. number two to nancy pelosi. echoing what a lot of top biden administration officials have been echoing on the economy whether or not we go into recession. to a man or woman they seem to be saying kind of the same thing, i don't want to put words in their mouth if it is a recession it will be a mild one because we have such job strength, eight or nine million jobs gained over the past year. you don't see that in the job growth that was almost 372,000
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latest period. so if that is recession or your classic sense of a recession, it sure doesn't look awful, what do you say? >> every analyst and their mother out there right now is talking about the job market, and why we won't have a recession because of the job market. the thing is they're all being so short-term-minded. they're being short-term thinkers. they're not thinking six months down the road. look at numbers now, not how they are going to be, right? i think all you need to do right now, take a look at share buybacks, the lack thereof and beginning of layoffs in large corporations like apple. that is very telling of environment we're entering. when merger and acquisition activity is dry because companies don't want to sell their business at lower valuations and debt becomes more expensive, companies look where they opportunistic with cash, and one of those areas is buybacks. companies like jpmorgan would rather hold the cash rather than buy back shares at 30% discount
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tote stock. what does that tell you? i think companies are being more cautious than they sound on earnings calls and earnings. companies are being overly cautious not to spook the market already more than it has been spooked, right? sadly i think the next shoe to fall is layoffs. unemployment rate will tick up next six months. that will coincide with consumers pulling back spending habits which a lot of analysts, companies have not baked into earnings. neil: guys, interesting read on these developments. thanks for giving historical perspective to announcements like these. we to bo to the white house out of the blue, how stock traders generally handle that. to quickly clarify something i was reporting on even though some of the numbers we were showing seem to be counter of that, i say majority of voters in "washington post," picked up by "the hill" survey say president biden and former president trump, quoting here, probably should not make white house bids in 2024, citing
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"politico" morning consult poll. donald trump 48% of voters say definitely should not run again. 13% say probably should not. the numbers were even higher for president biden. who would be 82 running for president again, which at this point he intends to do. donald trump would be 78 running on inauguration day running in the race. bottom line of these two surveys, both of you guys, that would not be welcomed. you're too old to consider running. that is the gist of that. it is not reflection of either the jobs they're doing, just in this particular survey they're too old to consider 2024. throwing it out there. more after this. and doug. [power-drill noises] alright, limu, give me a socket wrench, pliers, and a phone open to libertymutual.com they customize your car insurance, so you only pay for what you need... and you could even save $652 when you switch.
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♪. neil: all right, 34 minutes after the hour, president of the united states tweeting out he is just fine. he is working in the oval office we're told. i didn't see in the one picture
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he did get that he is with a lot of people but he is working. it is business as usual. things have changed since testing positive for this virus. they're doing a lot of social contact tracing seeing with whom he met, shook hands with that would be a lot of people over the course of the last week. you never know exactly when he was positive for the virus but the president is saying folks, i'm doing great. thanks for your concern. just call senator casey, congressman cartwright, the mayor scranton contacts and saying right now he regrets missing a big event that was scheduled in that city for today. so meantime here as he goes about trying to go about business as usual, we hope he has a speedy recovery here, this comes at a time when cases in this country, elsewhere, they're spiking, better than three million new ones in europe alone. i think i said 24 states seeing double-digit spikes in such cases. i was wrong. it is 34 states, i apologize for
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that but having said that the days we're getting are not deemed super serious. hospitalizations have indeed ticked up a little bit but so far with you don't see so many people admitted to intensive care which indicates something more serious going on. jonathan serrie following all of this in atlanta because a number of states including in new york, they're toying around the idea of returning to masks. san diego one step ahead of that as we speak. jonathan what is the latest on all of this? reporter: hi, there, neil, as the nation once again grapples with increasing numbers of covid cases what you're really seeing state and local governments creating a patchwork of responses. for example, san diego is bringing back its mask mandate to public schools. the controversial move is in response to the cdc's recent designation of that county as having a high community level of covid risk, an assessment that takes into consideration not only infections but hospital
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capacity but in new york state governor kathy hochul says she is not ready to go back to mandates. >> currently, based on today's numbers, anticipate the need for masks in classrooms but i will reserve the right to the policy, numbers change, circumstances change, severity of the illnesses change. reporter: in areas of high community risk level the cdc recommends people wear mask indoors but when it what is required federal health officials are deferring to local control. >> different communities are different. transmission modes are different. effective of mask mandates vary. so i think it's a decision that local leaders mayors, governors, really need to be making. reporter: yeah, local leaders really need to take into consideration your population. are there large numbers of high-risk people to covid? also the political realities. some communities respond better to mandates.
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others prefer voluntary action. it is all community to community. neil, back to you. neil: you didn't think you would be back in the covid story non-stop, right, jonathan but thank god you're there, jonathan. we appreciate it. reporter: it is the gift that keeps on giving. neil: you're right, my friend. you're right. thank you, jonathan. congresswoman nancy mace of the beautiful state of south carolina. south carolina was flexible as you know through the whole covid thing. they didn't do anything draconian here. again all these issues are coming up, congresswoman. i'm wondering, you heard what new york is considering, what san diego is already doing, bringing back masks even as an option. where do you think this is going? >> well i certainly don't think we should go down rabbit hole of mandates i as contract country we know when children wear masks in schools there is detrimental effect on learning in the classroom. i know that first-hand having
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two children, whether virtual school, masked in school. that decision should be left up to individuals to make for themselves and their families and their children, not be dictated by the government or any local entity at the federal, state or local level for certain. neil: are you worried as a mom yourself, congresswoman, as you said, these cases are spiking here. i got to stress that these are not serious cases. it is just fairly widespread. i don't know the situation in south carolina. i do know there are 34 states that are seeing double digit increases in such cases. i want to add as well, not a serious spike in hospitalizations or god forbid, deaths so there is that context, but, but, i'm wondering whether you think that will give some school systems a pause on, either when and how they start their school year, or whether kids are going to be masked when they do? >> i think it will have an
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impact, particularly on blue states and blue counties but as we've seen throughout the entirety of covid-19, we've been given very different information, at beginning of covid-19 19 dr. fauci said masks don't work, don't use them. now they were told they were effective. we'll mandate them. then we were told you don't have to wear them, they're not effective. we've seen varying studies. nothing is particularly requests tent. my family, we've had covid not once but twice. it's a serious illness. i still suffer, i had my second bought in january. i still suffer symptoms of long covid. mandates don't say you shouldn't take it seriously. talk to your physicians hygiene, social distancing if you think that will work. i'm a pretty healthy person. i try to do my best for myself and my family. we still got it not once, but twice. neil: wildest thing. congresswoman, thank you, i did want to get into the whole breaking news developments get
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your thoughts on it. i would love to have you back on some issues going on here like inflation, what we'll do about gas prices, natural gas prices higher utility bills. that has not gone away. also out there the president's commitment to supporting law enforcement, a 40 billion-dollar measure hangs on the vine, today was a day he would announce it. obviously that is not happening. madison alworth, get latest what happens after this.
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event today. that was opportunity for him to announce a 37 billion-dollar effort to support police departments across the country to deal with the crime plague. the money i guess is still on the table. when and how he announces and implements it to be decided. meantime i want to tom other developments because other things are going on today, including back and forth about liv the saudi arabia golf league, pga is lobbying against it, that they are unfair, stealing a lot of players and now they want congressman to do something about it. madison alworth is following all of that. hey, madison. reporter: neil, this golf drama made its way to washington, d.c. again. the pga want lawmakers to -- they paid $70,000 in q1 and $70,000 in q2 to the law firm
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piper llp which in term lobbied members of the house, senate, the executive office on issues including quote, saudi golf league proposals. liv golf has some controversial funding. they are financed by the saudi public investment fund and they are poaching some of the biggest names in golf from the pga tour like phil mickelson and dustin johnson. this comes after it was revealed the doj is investigating the pga for antitrust violations. it stems from the organization as refusal to allow its members who participated in liv events toe participate in the pga. the golf world, the sports world is divided on issue. entrepreneur, owner of the dallas mavericks, mark cuban he supports the liv tour but admits he is concerned about the model replicated in other sports. >> i don't know that it scares other leagues but it makes us pay attention, that's for sure because you know, who knows what, for what other sport or
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what other country, whatever it may be will come in and try to buy recognition. reporter: very interesting stuff. neil, i want to point out, we reached out to the law firm, piper llp lobbying on behalf of the pga. we have not heard back yet. the next liv event is coming up at the end of this month. interesting stuff, neil. neil: thank you, madison, interesting stuff. for all of that i want to share this before we take a quick break. president sends out a tweet he is okay. thanks a lot of people worrying about him. this proves he is not in the oval office, just in his personal residence. like phone call is coming in any minute. anyway he is okay, this picture, well this picture proves it he is okay and he is okay, we hope it stays that way. we'll have more after this.
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♪. neil: you know it seems a good many people in this country have had covid, tested positive for covid. indeed these days it might be easier to seek out those, report on those who haven't gotten it but when the president of the united states gets it, it does command attention as it did when president trump tested positive. you remember the famous helicopter ride to the hospital there. a lot of folks are worried. what does this mean, is he going
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to be okay. apparently president biden will be okay. he did test positive. he requested the test himself early this morning after night of coughing fits and other issues. better part of valor test himself. tested positive. he is expected to be okay. he received a booster shot, in fact two booster shots, fully vaccinated. he will go on paxlovid regimen here just to stamp this thing out. all good news there, but you know when these things happen there is sort of like an immediate response from the greater white house and national network of entities and agencies all part of our government. they all have to know what's going on, how they respond to what's going on. that is why i want to go to christian whiton, not just because he is a great guy on any foreign developments but as a former state department member he can phammize house how
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various agencies and branches respond to this. christian, good to see you. we got the word that president tested positive for covid. we know what stocks traders did, sold off on the news, not knowing how bad it was. coming back when we thought found out it wasn't serious and we hope that is the case. how do agencies, state departments offices all over the world deal with something like this. >> there is not much you can do. incidentally the vast majority of the executive branch get the news way we all do, tv internet. secretary of state may have gotten a call. maybe the secretary of state may have gotten a call from the white house chief of staff with a heads up news was coming. neil: is that the protocol, christian? is that how it goes? >> would sort of depend on the white house. you know the secretary of state is the first in the executive branch in line for the presidency after the vice president. there is a law that deters it through the speaker of the house and the president pro tem pour
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of the senate which is absurd that is the oldest member of majority party. that is not the person you want running a government in a crisis that knocks out the president and vice president. no one is talking about that in this situation. adversaries look at this as well, without getting too gross, neil. when the president travels to adversarial country the secret service takes great pain when he goes to the bathroom that medical information is not able to make it into the hands of our adversaries. foreign countries look at this pretty closely. neil: interesting. there has been talk, oldest president, oldest yet. will be 80 in the fall, right after the november midterms. so maybe we scrutinize this more than we normally would but how does the world see the health of joe biden these days? do they worry as some polls show here that he is too old for the job? this would, could, does happen to everybody, certainly when it comes to covid diagnoses? >> there is concern. the case study in a president
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who was probably too ill to hold office, there are actually two, both occurred in world wars with fdr, franklin roosevelt, very ill in the fourth term, who died in 1944. i believe that is right. could be early '45, i'm sorry. going to yalta, meeting with stalin and churchhill not on top of his game. even in pictures looked pretty ill. woodrow wilson, president of world war i was very ill on the end of his term. in fact the first lady was thought to basically be running the country at that point. no one is at that is talking about that in this situation. there is concern from foreign governments that biden is not senile but somewhat flippant, unguarded what he says. that information has been changed rapidly by his own staff, including statements on things like whether we would go to war over taiwan. >> we'll watch closely. we'll see. a lot more after this.
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welcome back, the dow recouped earlier losses, down 300 points. a lot of that with knee-jerk reaction upon hearing president joe biden set tested positive for covid, he's doing fine right now, a mild case, already being treated with paxlovid to hammer it one last time here. he's been fully vaccinated, to booster shots so that raising a lot of back-and-forth on you can
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force this issue but given the cases in this country, a lot of people are wondering, could this be a preview? we are going to explore that a lot more with the novak's, president ceo vaccine for adult just endorsed by the cdc, some cases are spiking and new hampshire governor with us, his take on what's happening right now. a backdrop for this is what's happening in the country and concern for inflation. new hampshire is the kick off for republicans and he's doing very well, among the lowest unpleasant levels in the country at about 2% we will get the read from him on all of this. the fact is, politics goes on, the back and forth on how the midterms are going to go, they go on but right now for the time being, a lot of things stopped on the president's plan to
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tackle $37 billion measure for example, to deal with crime and support police departments, that's still on. his announcement scheduled for today is put on. edward lawrence following all of it from the white house. >> the president working right now from the residence of the white house right there over my shoulder about an hour, we will get a press briefing about how the president is doing and what steps are taken from the white house press secretary and covid response coordinator. the president tweeted in the last 30 minutes a picture, he's saying he's doing very well and making phone calls. he's doing that without direct contact with others. the white house says and not have direct contact until he has a negative test. here's the first lady moments ago. >> as you may have just heard, my husband tested positive for covid. i talked to him a few minutes
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ago, is doing fine, doing good. i tested negative this morning, i'm going to keep my schedule, according to cdc guidelines, i am. >> the president went to bed last night but didn't sleep well, he woke up with a runny nose, cough and tired so they tested him. the president taking paxlovid, pfizer drug for treating covid. what's happening right now is the white house medical unit is going senators, elizabeth warren and press secretary and two passages representatives who traveled with the president yesterday and close contacts including some of the people in this video here shaking hands with the president yesterday. he's canceled all in person events and traveling for the next few days. the president is fully vaccinated and double posted but listen to what the president said one year ago about the boosters and getting covid. >> the various shots people are getting now cover that.
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you are okay, you're not going to get covid if you have the vaccination. >> that was one year ago today so debate may come back, the vice president at a community computer lab in charlotte in the last hour where everyone around her wearing masks we will have to see if this reignite the mask mandate debate. neil: thank you very much. fox news contributor, doctor, we are talking about masks again and the possibility it could be reimposed in new york state. a number of cities require that at certain venues. should we go back to that? >> i think we can go back to that but not as a mandate, i think it should be optional. everyone needs to know their risk and understand especially high risk over the age of 65 you should know what to do to protect yourself but as far as mandates, i don't think that's the appropriate way.
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we have data and studies that show mandates are ineffective but even though mass to work, mandates are as effective. you can see for example the number of deaths in california compared to the number of deaths in florida. california has strict lockdowns, mask mandate, florida did not and they are almost equal in the number of deaths so at this time it should be optional. neil: a lot of people here these incidents and you've heard the line, the most powerful human on the planet gets and he's fully vaccinated, boosted twice, what good is it? >> that's a great question and i'm not surprised, it's a matter of time. many americans have had covid and some even a second and third time. what we know right now is the vaccine cannot stop covid, it cannot stop from acquiring it or spreading it to others the what i am seeing with my patients is it can help minimize symptoms and keep you out of the
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hospital, prevent severe publications but only for a short period of time, it's not indefinitely so if you just have your fourth shot two or three months ago, your symptoms are probably going to be mild persistent someone who hasn't had the last vaccine or natural immunity from previous infection a year ago so the closer you are having had your last shot or infection, probably the more productive you are but it doesn't last very long. neil: a lot of people feel bullish, i've had covid twice, the second time i was in the hospital for a while. i know i have extenuating circumstances, i'm part of the vulnerable population, compromised immunity and all that but a lot of people feel when they get even with such conditions, they are safe. what you tell them? >> your safer but not out of the
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woods, no one is. the virus is still unpredictable a little bit. your safer when you do everything you can to protect yourself. get your vaccine if you qualify, your booster if you qualify you have to keep in mind this is the first generation of these vaccines, we need updated vaccines, a new generation of vaccines as doctor bounty mentioned previously when i talked to him recently but right now if you just had a vaccine or natural immunity from previous infection, you have some protection for short period of time but still want to take precaution if you are high risk. i wouldn't get on a subway train that's packed with a book to elbow without a mask if you are in a high risk category so take common sense precautions and know what to do to protect yourself especially as a community if there's a massive outbreak, he might want to take extra steps to protect yourself. neil: i know contact tracing and in my case, they review your friends and i said i have no
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friends. that was an easy search but the president is a whole different case, just over the course of the last week alone, he's no doubt bumped into orbit in the company of hundreds of folks in person, shaking hands with leaders of the world, fans and followers on camping trips so how do you trace all of that? who would be considered vulnerable? >> you just do the best you can, the vulnerable are those over 65, underlying medical conditions. neil: but what if he actually shook hands with him, what are you looking for to say who's the most likely to have been exposed? >> most likely in contact with someone in the past week or few days and sometimes the symptoms may not show up for several days, i've had patients exposed but they didn't show up positive until a week later but as far as
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contact tracing, they probably won't go back more than about a week and get tested, those people will get tested. if negative, that's great, they will probably be retested again a few days later but we are in a different place, we got incredible antiviral paxlovid, monoclonal antibodies which i use for my patients as well which works very well because i call my patients and say how are you feeling? they say i much better or i call them after they've taken an antiviral and they feel much better to the good thing is got the tools to treat the virus now but that doesn't mean you're one 100% safe, still take precautions and do what you can to protect yourself. neil: i know there's something, i felt myself and a lot of people insist when you're still knee-deep in but a lot of people are going back and looking at president biden's remarks the last week or so where there are always issues with his speech pattern or forget a line, we all do that but it seems to accelerate or we saw more cases particularly yesterday than
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before, do you look for that kind of stuff how long could that be an issue? still a murky area? >> absolutely, you look at the symptoms, you could have fatigue, feel rundown, dehydrated, that can impact your thinking, absolutely. we know president biden has been having a runny nose, fatigue, congestion, we heard him coughing. you take that and combine it with his older age of 81, absolutely . neil: he's 79 -- >> yes, almost 80 but you take all that into consideration and it can have an impact on your thinking and make you confused and feel week and dizzy but i think also he already has the underlying baseline due to natural aging process. neil: what you think of prospects with this given what we know? >> i think because he was on
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paxlovid right away and he's under close observation, his doctors will most likely check oxygen, his temperature and monitor his vital signs every four hours, i think you will be okay because he's not obese, does not have diabetes but he does have high cholesterol, heart disease and what my very first patients who lost their life to covid suffered from atrial fibrillation but started on the appropriate medication right away so i think you will be okay. neil: doctor, thank you very much. we got a mark of right now the 26-point so let's not have a party but a lot of that came on this initial news, the president is seeing positive for covid because it almost seems like the names in washington and hollywood have gotten this except the president so he joined the club that's gone very crowded. scott martin on the reaction to
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all of this. if his condition were worse or more signs, we wouldn't see the numbers we are seeing but what do you think? >> what a wild time. things feel like they have gone crazy in the last few days and forgive my dress today, my tie i think has covid so i left it at home and i'm sure i have it, i tested today but you and doctor janette, the amazing things not interview, covid symptoms show up but then you don't test positive for a while and can you imagine as many of us out there? we are still far along in the process, you mentioned antibodies and things out there helping deal with this, the economy has antibodies, to because we've gone through this for two years and managed the best you can the flow of employees, labor and hiring and spending. can you imagine if this was happening, his outbreak in the president etc. was happening about a year or two ago? we began thousand points.
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neil: you are right and i'm not an alarmist at all but i tried to find a balance between being wise about this and going to cavalier and given what we've been through some of the shutdowns, i can understand america's position saying no, don't even go there but if this were to escalate as we see in europe and the united states, escalated and cases, not severity but it is picking up steam. if, and i'm saying is, this were to gain traction again or anyone of these new variant proves unstoppable with the existing treatments, then what? >> i think it's a bus, i think it's part of our fabric in the market, economy in our lives. scary to think but also something in a way proud of it, we are getting through this the best we can and i'm not a
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doctor, i don't play one on tv but part of getting over this, they are getting less severe in some cases, a lot of cases with friends and family so the economy is dealing with it and it's almost like the economy is getting past it just like you seen earnings reports to speak with these companies, netflix and so forth, not great numbers to what's happening? stocks are rallying because of got it down. sellers are already gone so market got so nasty and so bad and as we said before, it got so dark before dawn that things are going to be okay, it's going to be a struggle. people of work, restaurants may be closed because of staff but it doesn't feel as scary and severe at least in my mind, it could be brain fog and everything you're talking about self imposing, it doesn't feel as scary this time and i hope it stays the case. neil: the markets are resilient,
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we hope that does say the case so thank you very much. there is a push as scott was telling you for a lot of people very nervous, i wonder what the governor of new hampshire thinks. the novak's ceo things of all of us, stan is here, they are both here and only here. that's next. ♪♪
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in light of the news we heard the president of the united states tested positive for covid, a number of states looking at spike and kiss their way beyond the president of the united states looking at re- imposing masks and the like. your governor hochul exploring the idea, not incrementing it for the time being, i wonder what new hampshire is doing, the republican governor, kind enough to join us, good to have you. a lot of these requirements or ideas for masks and the rest were coming before we got news of the president's covid diagnosis, how are you on masks? >> nothing we are looking at at the state level all. shutdowns and masks, that's the wave of the past we have the tools in the toolbox, vaccines
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and ppe and all of these things we can lean into and they work and work very well keeping people confident and safe to go out and engage in the economy and school in their business and employees so not something we are looking at in new hampshire. neil: so in your schools, governor, is it up to the school district to decide what policy or does it come down to you the state policy everyone follows? >> new hampshire is famous for local control so we sit on the shoulders of 200 years of local control so i suppose if the school wanted to go that route that could but i think folks know we are beyond that and you do have different tools vaccines for kids if they want that, it's up to them in the family so that's where we are we've been able to manage this very well. we are ready if another surge comes, we can handle it but it doesn't mean more shutdowns and regulations and nonsense so we are driving toward making sure we have that flexibility. neil: it is a beautiful state and right now among the
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strongest economically in the country, i think unemployment rate at or about 2%. i am wondering in all of this, companies considering slowing hiring or firing, whether you worry that could be fleeting. >> my job is to make sure we stay two steps ahead of everybody else we know inflation is overbearing and policies of washington have driven that and i believe recession is coming but last quarter, first quarter 2022, new hampshire had the strongest gdp growth of any state, thousands of businesses move in, the only state in the northeast growing in population and as you mentioned, record low unemployment so it's all about workforce to keep up with demand because everybody wants to be here, we are the suburb of austin, no income tax and when
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everybody else is hit with inflation, when folks in massachusetts are hit with inflation, it's after they pay five or 6% in income tax, five or six and sales tax. i didn't take the money out of your pocket first place. family so they have much more opportunity for businesses have economic opportunity and regulatory freedom. we just got to keep moving that way. democrats have tried to give us income taxes and i veto all that nonsense. with got to believe in the individual and businesses and do our best to provide guidelines and get the heck out of the way and it seems to work pretty well. neil: to your credit, you were warning national inflation alarm when no one was and obviously now you been proven right but you still think or at least said recently janet yellen should be fired for inflation comments going back to her thinking it was transitory, she had a lot of company we do you still think she should go? >> oh yes, are you kidding?
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there are few secretary positions in the federal government where someone words have such power. the federal reserve or secretary of the treasury. those words move markets, mainstreet and banks in terms of what they do with their policy. neil: but she admitted it, no one else in the administration all the way up to the president has. what you think? >> because you admit it doesn't mean you get to keep your job, right? you really screwed up and put this country in a predicament and we are on the leverage hard jacking up interest rates. here's misery of inflation. the only way the administration fixes it and know this, they have to take the economy and drive interest rates through the roof that will create a lot of problem, there's a lot of cash, 5 trillion in cash out there, banks will have liquidity the folks will have a hard time borrowing leading into that line
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of credit whatever it might be in they've got to provide soft landing and it's unwilling to do that. admitting it at the 11th hour, that is really cut it. you still have to go and created a massive problem. this isn't just a joe biden problem, it's democrats out of washington problem. where were the democrat congressional delegations and senators and secretaries standing up saying you can't add 5 trillion onto a sheet and think it's going to be okay. there are repercussions and good management could give us that glide path but janet yellen provided no management or leadership expertise in the area she was designed to do so, so you have to get rid of her and give confidence to folks in the market for the guy running fred's flower shop, they need confidence in the economy going forward and this administration has blown it. neil: what about the guy in the federal reserve, he blew it and been admitted it, you think you should go? >> yes, in new hampshire, i'm governor, the buck stops here, the ceo you've got to replace
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people like that was folks who are going to be transparent, look at the math and this wasn't hard math problem. you don't add 5 trillion in just think inflation is temporary. here's the worst part of inflation because it hitting lower and middle income families the most. folks affluent and doing well, they can afford to put gas in the gas tank. low income families can't and that's where this administration has to be held accountable and it doesn't go down. people tell me all the time and say when are prices going to go down? were not going to get 10% deflation, we will have stagnated economy for quite some time until we naturally hit correction and this is the leadership folks voted for and this is the bad results we are getting. you have to take action and be accountable. neil: were the one of the few republicans i know if in the country who can take on donald trump or criticize him when you
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see fit and not suffer for it, enormously popular in your state that everyone goes back to the gridiron dinner this past spring in washington where you said the president experienced a sense of integrity and then added and just kidding. you didn't get hurt for that at all. it sort of boosted you -- a lot of -- [inaudible] i understand but if he's poised to run for president again, what you think of that? >> is when we a lot of folks who jump into this race. when it comes to the former president, is called a ball like you see them. i'm not anti- trump, my job is to protect the interest of the people -- you know how many people call me crazy? find a politician who isn't a little crazy, right?
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let's own who we are, we've got a serious job but let's not take associates there. this job is a lot bigger than me, it's not about me in the gridiron dinner was funny, i made fun of biden and jen psaki and democrats, republicans, they made fun of me for 20 minutes. neil: republicans do that and i'm wondering, you are living proof you can still live and survive and thrive in your party but they are many not doing that, they are afraid of him. what you say? >> you know what the secret to politics is? be normal, that's it. don't over think it or the politics. when you have something to say anymore to decide someone whether it's your party or position or not, just be normal and transparent and back up what you say and learn to live with the consequences. if you focus on your job, politics will take care of itself. many people over think this. neil: that sounds crazy, governor. seriously. [laughter] good seeing you again.
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chris, new hampshire governor, he's alive and thriving and doing just that. nova max, ceo of that company, there's another vaccine alternative out there if you're counting, is this honoring great deal of attention? what he makes of what's going on right now after this. ♪♪
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hard to say whether the united states president tested positive for covid, americans would not get vaccinated to get vaccinated but they have a course choice, novavax has a vaccine not available and more than 3 billion doses soon go out across the country. novavax ceo, the president as well is with us right now. very good to have you.
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>> thanks for inviting. neil: there are three other vaccines available and you know that far better than anyone. what is different about yours? >> it's quite a bit different, a vaccine like the others have shown great efficacy and great save the database. ours is more stable than the others so you can just read the vaccine and use it and refrigerate it instead of having to take it minus 20 or 70 degrees. it's a vaccine that has a protein and an adjuvant that goes with it. we show broad neutral violating antibodies and we presented data that shows vaccine stimulates with two or three doses, good responses. even omicron five which are starting to hear about. neil: what about these variance, the big thing people are saying the president of the united states accented twice, to booster shots, he's getting it
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at all these people, you hear about repeat cases again and again and that's among the fully vaccinated, they are cynically going to look at say well, do i need it? what you tell them? >> yes, you do and because it can continue. he may not be able to stop complete infection of everybody but you can prevent mild and moderate and severe disease keep people from the hospitals and death so vaccines are very important and they are doing their job. neil: a lot of people wonder though how long is this going to go on? in this country 80% of americans have been vaccinated at least one dose, i could be wrong but what you say even the spike in cases of 3 million less cases in the last few weeks and spikes in this country as well, not serious cases leading people in the hospital or worse, the icu but enough to make people think,
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is it coming back? the new wave or strain or serious wave coming out. >> i think we have the same story here as well as europe so it tells you to get vaccinated, get a booster and i think our case, we and others are going to show overtime how long that booster works, does it work for two or three months or six months? you get a booster every year? this is going to be with us so it's going to turn into flue like repeat vaccinations whether an annual or six months basis, we don't know what is going to be clear you need new vaccine. neil: how will yours work? have any doses, when you need to take it again? is there a booster for years?
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>> it's a standard to dose, for people not vaccinated, it's two dose regimen, taken on day one and then maybe 21 or 28 days later and you will have protection. when you boost, probably six months later and we get good responses, robust responses we shown, responses that mimic what we got in our efficacy trials with 90% efficacy overall. one 100% efficacy against hospitalization and death so that's what our vaccine can do. as i say, we will submit data to the fda that shows what our vaccine does, it gives variance, it does very well with the data, we remember the beta and delta and now with omicron and its there to reduce moderate severe disease and maybe all disease. neil: variance from that, there
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are more variance so obviously the picture changes, how does your treatment handle those coming down the proverbial pike? >> we need to, we will change the vaccine, we are doing that today, making what's called omicron five variant. we hope to make it in large quantities so it's available fourth-quarter which is when the fda and cdc think the search is going to be coming back and over time we will see when it needs changed. the analogy, we have a vaccine that has four strains of flu in every year end every year one or two strain changes so we put in the new strain in covid could turn into that sort of. neil: so it will be with us for a while. for the president, a 79-year-old
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man, it looks like his case is relatively mild and we hope it stays that way. what are your thoughts? >> he's one of the many that have gotten infected but as you pointed out, most of these people have moderate, symptom list or moderate symptoms but it tells you you have to get boosted. hopefully when it's time for the president to be boosted, he can try out our vaccine in a few months. neil: he could mix vaccines, yours is new, if he's had something else, i believe pfizer, he can take yours down the road? >> down the road, that's what we expect. neil: when you get vaccinated, the follow-up, i know you have a two treatment regimen either for booster, a follow-up should be
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what? >> probably five or six months. neil: the way you see it now in this country and the world, a lot of people are getting vaccine, covid fatigue, they think we are over it but aghast at even the thought of putting a mask on, how do you feel? >> i think people should get vaccinated and the more we can do it globally, the better off the globe is, not just the one country issue. we started out on this mission to get a vaccine that would work locally, we can get our vaccine to stupid using the standard chain. talking about low and middle income country vaccination in our vaccine is perfect for that. neil: finally, your view of this? it sounds like the outset of covid will be around a while. others have likened it to treating it like the fluke of an annual shot, i don't know but do
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you concur with that? this idea covid goes away isn't happening? >> i don't think so, i think the analogy of the flu is accurate. neil: all right. thank you very much. out now with a vaccine, a force in the market out there eagerly endorsed by the cdc, cases in this country continued to spike including the president of the united states.
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all right, looks like the president is going to be okay, a mild case of covid, charlie gasparilla at how this might shake up to the political race. >> i'm not saying i'm endorsing the report because this is rank speculation is the best way to put it but i did hear from several people, the underlying
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reasons for this speculation is more important i believe than speculation itself. people clearly on capitol hill, a lot of republican but a few democrats as well that this covid diagnosis may be the way they can do face-saving gesture to get president biden not to run in 2024 released that is rank speculation spreading. i wouldn't put too much credence in that itself, it's obviously a mild case and we'll see what happens if he gets better in week, we'll be on to something else but it gives you an indication on his standing in the democrat party there so many democrats and people saying guys lack of vigor and mental acuity, the other day he said he might have cancer and they had to walk that back. every day is another with, it underscores the problems and he's losing confidence in the
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party. i want to get to breaking news though, israel news, i to think news but senator pat toomey, republican for pennsylvania, he's going to leave office in a couple of months, obviously after his term and not running for reelection but he's taking aim on gary, the chair and he issued a letter today that essentially said why companies should be doing esg social government disclosures about current footprint diversity, why it is legal you to do that, why were not overstepping boundaries, why the average investor to know this, investors need to know important information involving financials, finances of the company and how they make money to me is not going to be this
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past january but other publicans well. if republicans take the senate and the house as well, you will see full on assault from what i understand, game on, they see a lot of mileage and going after work policies and they been given interesting supreme court in its ruling, west virginia was dpa which essentially the supreme court scaled-back epa's ability to impose strict environmental relations thing some of these, most of this is not an agency to impose, is for congress to pass and act and it must be congress passes, not the agency, that could be moved over as well and publicans are planning to do that and i know sort of groups are going to use that to possibly sue the earning market from his group of
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conservative business gave us foxbusiness exclusively that they are planning a lawsuit and using dpa supreme court ruling as a key piece of evidence but that's where we are. one piece of semi- fake news, one piece of real news. back to you. neil: thank you for watching closely. thank you very much. we are going to get the latest on earnings, 15% of the way through this but so far so good by and large. the latest on where we stand. ♪♪ [whistling]
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all right, 40 or 50% through the earnings, companies reporting how much they made or did not make. seven out of ten reporting embers better. scott morgan was focusing on that, you think about it, that trend continues. these were ratcheted down so anything slightly better is more
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than slightly good from street. >> correct. relationships, meal, expectations, my friend. you can't overpromise but you can certainly under delivery and that happened to me. we'll leave the rest out. the companies out there that are smart saw the turn on the economic data and the market some months ago and probably still were emotional, it was the ask later environment. company saw perfect opportunity to say we are going to downgrade, lower expectations so therefore when numbers come out like we see with tessa and netflix this week, the markets rally stocks because we already know things are going to be bad, is the hopes of them getting better we are excited about. neil: what about crypto currencies from a they've held up very well especially the latest news that tesla has unloaded a lot of this stuff, are they getting their footing? it's a weird day i grant you but
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week over week still, not too shabby. >> very weird day you are right but look at tesla stock today after they just talked about the huge impact, billions on the earnings report and similar to things like micro, heavy investment in bit coin, square as well. these stocks are hanging and stabilizing because suddenly crypto is not so cool anymore so they are moving on. what's interesting if you think about this bit coin craze, this -- the last thing i will say, it seems pervasive and it's not quite getting the attention it needs yet and maybe fall out has not been totally felt but this reaches all the way to athletes and other people taking payments and other things and bit coin as in lieu of money,
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cash, strata u.s. dollar which people hated like three months ago and said biden bit coin, of the dollar is down 50% so it's interesting to see the long-lasting effects but it's good to see the stocks involved in bit coin with bombs in the last few days go up finally. neil: with focus so much on gas and he got down 36, 37 days running, natural gas prices have not, they are up about 50% and right now that was just the last month, 10% yesterday, don't know how they are doing today but i am wondering whether that's the unwritten story because that's going to be a squeeze this winter. >> for sure and it's already been squeezed last winter heating oil went up so the things i'm worried about is that, now what's happening in respect to prices and they are coming down, input and building costs coming down. we seen gas come down as you mentioned at least at the pump somewhat, the worry i have though is now we have this turnover in the economy,
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recession is are here and we know that i don't care what jared bernstein says or the president. in winter, that's where the job market may not be as strong or high wage growth in the heating costs was the leader that something that will be a struggle for american. neil: whatever the relationship, you've always got a sound one, we appreciate it. fox news contributor, we are lucky to have you. . .
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neil: all right. all it takes is one airline indicating right now that its about to disappoint and doesn't give much positive guidance and all u.s. airline carriers are positive. ual down 9%. american airlines, 8%, delta 3.6, s&p airlines index down 4% all because one airline said maybe not. such is wall street. now to charles payne. charles: that might be one airline but i think all passengers feel the same way. neil: these days. charles: finally we're on the same page. neil: these days, absolutely. all right, bud. charles: good afternoon, everyone, i'm charles payne. this is "making money." earlier in the week i said the market was hotter than july. nobody was talking about it. folks are now noticing. remember we began the session nasdaq up 7.6%. that is all for july. here is the thing, folks, this earnings season is a reminder the economy is in shambles getting worse as layoff announcements begin

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