stuart: big congratulations to our producer kate and her husband john, they were married last weekend in a beautiful ceremony in chicago. beautiful pictures. we wish them the very best to the happy couple. we miss them. we did ask how many people are estimated to have lived on earth. the choices are on your screens right now. it goes from 97 billion to 127 billion. lauren. lauren: i'll take the high one, 127 billion. stuart: is ashley with us for this? yes, ashley, what you got? not there, okay. [laughter] lauren: no answer. stuart: it's the 97 billion, that is my estimate because it'- lauren: oh, there the he is. stuart: ashley, what have you got? ashley: 117, 117 billion. stuart: you knew that because it just popped up on our prompters. no -- [laughter] that's it for me, "coast to to coast" starts now. ♪

neil: all right. if these gentlemen gathering right now with the leader of india can or sort of spell out what they're worth, you'd have a multitrillion dollar powwow going on there. we've got sam altman there, zahn daughter by i chai and apple's tim cook, they're all discussing a lot of high-tech advancements no doubt with the president of the united states and the indian prime minister modi. all that going on. edward lawrence following it for us as well. edward, to you, my friend. >> reporter: yeah. and don't forget the ceo of amd, the semiconductor maker. there's a lot of heavy hitters here at the white house, those ceos trying to the crack open access to the -- 1.4 billion -- 1.4 billion people in india. india is positioning itself as a tech hub for manufacturing. many u.s. companies trying to move some supply chains out of china. the prime minister, modi, yesterday said he's open to this exchange for private investment.

>> translator: we have also decided that in the midst of global uncertainties, india and america will as partners create reliable, secure and resilience global supply chains. and value chains. >> reporter: but india remains on the section 301 priority watch list with six other countries including china and russia for not protecting intellectual property. regardless of the risks, the republican head of the u.s.-india caucus says it's worth bringing india closer to the u.s., moving companies off their china addiction. >> this is just an absolutely crucial relationship from pharmaceutical ingredients to the rare earths to clean energy and on down the line. this is an incredibly exciting partnership across the board, diplomatically, from the if information space, militarily, economically.

this is a really, this is the relationship of the 21st century. >> reporter: and india for itself moved forward with a $2.7 billion investment with micron to make a packaging and testing plant there in india. also the u.s. transferring technology is so an indian company can help general electric make military jet engines, beginning trying -- again, prying that wedge from russia and china. back to you. neil: edward lawrence at the white house. meanwhile, looking for washington to regulate or do something to address the booming business of anything connected to a.i. i don't think a restaurant could open up today -- i think a restaurant could open up today, rename itself a.i., and it'd be making money hand over fist. you've heard some of the richest people on the planet saying elon musk and bill gates say maybe a pause would do some refreshing, but not everyone is pausing. china isn't pausing. what's this next fellow doing? i have a feeling not join --

pausing. the the chairman ask ceo of c3ai joins us now, a multibillionaire. good to see you. >> great to the see youing, neil. neil: your stock down a little bit today, but it's up in excess of 260% or so year to date. it's like the world belatedly realized you're connected to a. i. and you have been with, obviously, for years. ing what is driving all this? >> well, i think that this openai phenomenon that began in november has really fueled this discussion. we've never really seen anything quite like this in the information technology industry. and as let's say today, june 23rd, i think it's not an overstatement to to say there is no ceo, there is no trader and no government leader, no business person who is not thinking seriously about a.i. today. and that's not true for the cloud, it's not true for china, it's not true for -- we've never

seening anything like this. neil: what changed in that regard, tom? because i think it's always been out there, to your point, you were ahead of this curve long before many, and you could see siebel systems itself which you sold to oracle for a tidy profit, you were seeing where all technology's going. it's about the computing power of this this, right in and how fast information can be assimilated. but it's more than that. how -- when someone comes up to you, all right, what is this a.i., why is it so big, you say -- >> well, the computing power really came first from the elastic crowd and then from jensen and nvidia with the gpu. we basically have infinite computing power available for, you know, very, very low costs today. and these and only other technologies enable us to deploy enterprise a.i., predictable analytics. this began with the internet of things and then unsupervised learning, supervised learning, deep learning, and generative

a.i. is just kind of the latest step, okay, in these developments. it's a big step the. but today we are able to apply predict i have analytics to -- predictive analytics to literally predict the future with, when things are going to break, optimize supply chains, on the muse demand chains -- optimize demand chains, deal with hypersonics in the missile defense agency. we're able to solve problems that were previously unsolvable to to really great economic and social benefit. neil: and it's the speed too. i mean, yours is focused, mostly focused in the energy are industry. you have connections with baker hughes, what have you. but where is it beneficial there? what do you help them do that makes this vital? >> we're active in oil and gas, utilities, defense, manufacturing. so we have, we help handle $100 billion supply and demand chain for large food producers, predictive analytics for the united states air force, contested logistics for the

department of the army. but we also, you know, in oil and gas, for example, we're helping shell reinvent itself as a, you know, an entirely clean energy company. and to enormous economic and social benefit. neil: you know, we, of course, are most novices. heard of this this year, a little late last year, to your point. you were on this, i think it was your fourth book, that came out in, what, 2019 -- >> 2019. neil: and you were talking about cloud computing, but among the other things this a.i., and you were talking about how fast things could move and how this could change things. some fear that change. they think, you know, this is 2001: a space odyssey and hal is not opening the door. what do you tell people who are i afraid of this, the crowd that says pause if it because we don't know where this is going or this could destroy man? what do you think -- >> the fears are very legitimate. we've been working on a.i. now

for 15 years and talking about it very vocally, and the rest of the world kind of figured out that this is legit. and we use a.i. to, you know, improve health care, to lower environmental impact to manufacturing, to help manufacturers deliver products, you know, on time, in full to more satisfied customers. at the same time, there are very significant deleterious implications to these technologies. pretty soon it will be absolutely impossible to distinguish between real muse and fake news. these -- real news and fake news. these technologies are being used today to propagate public health hazards -- neil: you can be so easily fooled. one of these beta test cases for the search engines, i was amazed how it was clumsy at first getting the story right. but within minutes it was advancing, progressing, going way beyond and not only getting it right, but dramatically

changing the game in the process. that builds the the fear part, i guess. >> this is powerful stuff -- neil: yeah. >> there'll be e nor us mouse good that comes out of it, but it will be used by, you know, by bad actors -- neil: who are the bad actors? we're afraid of china. >> well, there's a good reason to be afraid of china. these people are very competent, they're very focused, and they're dealing with -- they want to be leaders in chip design and hypersonics -- neil: and military applications -- >> absolutely. neil: when they're doing that, what happens? >> this is not a good idea. this idea of pausing science is just kind of crazy talk. nobody is going to the stop, you know, science. what are we going to do the, criminalize it? science is going to the move ahead. neil: and i think you had said you have your doubts about washington playing the role, policing it. but let me get your sense then of where we go with this. you have a 5-year, $500 million deal with the defense department to expand out here. but a lot of people are trying to say, all right, where do you

fit into this. and maybe you could tell me a little bit about how you do. c3ai is a different creature in that regard, spread among so many industries. again, oil and gas the biggest among them. but where do you sort of park your chips and your bets? >> well, our last -- our largest industryst last quarter was actually defense and intelligence. so we built a software stack, okay, and we built today 422 turnkey applications -- 42 the turnchi applications that address defense, financial services, health, oil and gas, utilities, okay if and we allow -- so we sit on top of these cloud infrastructures like the google cloud, the amazon cloud, the as your cloud and -- azure cloud and operate these massive scale enterprise a.i. applications that allow them to deliver, you know, lower cost products to more satisfied customers at lower environmental

impact. so this is what we do. and we're, you know, one of the world's leading providers of that type of technology. neil: do you ever look at this, you, of course, made a ton of money, a billionaire as a result, so you've got a good eye for this stuff, gut for this stuff. but the meteoric rise in companies that have anything to do with a.i., it's just been mind-blowing. i, you know, i think certainly of some of the other principal players like nvidia where it just keeps soaring and a lot of inside orsers and a lot of senior executives have been unloading stock. some of that was just a natural diversification, i think even many in your case unloading some stock in the in your company here. -- in your company here. but some read into that, do they think that this is getting crazy, that this is, like, the internet boom where we later sorted out the survivors but now we're overdoing it? >> well, let's think about the internet boom exploding in 1999, 2000. however big we thought it was

then, it's a thousand times bigger than that now -- neil: but there were all these ancillary players that went bust, right? and maybe -- i guess the fear is everyone sort of cashing in now to the point that we don't know if this will last? >> for every 100a.i. companies in the next five year, maybe four will survive. but this is a, this is not i femoral. this is -- ephemeral. this is a secular change, and this a.i. phenomenon is very big, it's very real, it changes everything, it changes everything in positive ways and in some scary ways that we need to -- neil: so when you step back and you look at, you know, the nasdaq, for example, the second wave seemed to come on just the a.i. now, there are other big players. microsoft, obviously, is involved in this and google. what would you tell investors who come in, i don't know whetherric just play, you know, siebel's company or maybe just

park my money in nasdaq 100 or these etfs that have been designed around a.i.? what do you think of that? >> neil, i'm not an investment expert. i don't really know about equity markets -- neil: you have a pretty good track record. >> i know about building technology companies. neil: but you see what i mean where money just pours in? >> i think to build a successful technology company, you establish market leadershippings position, you run a cash-positive, profitable business, the stock takes care of itself. neil: let me ask you about that then because i i know you're also generous with your money, one of the most generous philanthropists on the planet. i think goldman sachs had says you're one of the greatest entrepreneurs of all time. you help people at your company who want to advance this in this technology. i believe you even, you know, will pay them to get their master's in computer science, give them bonuses, higher pay. so, obviously, you're placing your long-term bets on computer science, on the technology

learning. so that sounds like a long-term bet orphan your part -- bet on your part that this is not going away. >> i think business leaders and government leaders are facing today the extent to what extent is a.i. going to impact their work force. and as a leader, the choice you have to make is are you going to replace your work force, or are you going to train your work force. neil: i thought a. was removing chunks of the -- >> no. i think with a.i., i think for every job is it eliminates, it'll create 10 to 100. neil: but you're in better shape if you have a computer science -- >> that's right. so as a business leader, i've chosen to, you know, motivate our people to go on and take courses in deep learning, supervised learning, cloud computing. if our employees want to go out and get their master's degrees in computer science or data science, we pay for that. neil: just not philosophy. don't do philosophy. >> no, i'm all for philosophy. i'm all for history. i believe in liberal arts --

neil: you don't want people pursuing that, right? >> well, you know, i think as it relates to preparing the work force for the new economy, i mean, they really need to understand these technologies. but i am a huge fan of history, philosophy, religion. i'm all for it. neil: you're also generous, as i said, but i did want to get your pretty value -- political viewpoints because i was noticing in your giving about 90% is to independent candidates. some to republicans, but i couldn't figure out where you are on this. so looking at the presidential race, does it make a difference to you who's the next president? >> absolutely. you know, i have participated in this, you know, supporting candidates on both parties, you know, over the years -- neil: right. but why the disproportionate interest in independents? is this a sign that a you like no-labels approach? >> you know, i think i like limited government, free enterprise and individual liberty. so i would say i'm an old school

think about aral. -- liberal in the true sense of the word. neil: does it matter whether it's joe biden or a republican? >> i think that, you know, we'll kind of see how that works out. neil: but you still go the independent route? >> yes, but i would say independent-leaning/libertarian. neil: so your name comes up with this no-labels group. >> no, or i'm not associated with -- neil: i know that. but you make that kind of a candidate for that. do you ever think of that? [laughter] >> there is no chance, neil. if no, i'm not associated with know labels. i know some of the people involved, i think there are fine people involved, i be i have no -- but i have no association. neil: do you like the the concept of a third party in. >> i think it's probably a futile effort. neil: so it's a republican or democrat. >> i think so. neil: and you're not running for anything. >> there's no chance. neil: all right, got it.

just wanted to catch up on that. thank you so much, thomas seening. -- thomas see bell. all the major market averages down a little bit today. this would be, i think, after five successive weeks of the s&p going up, up, up, up, this would be the the first down week. the nasdaq taking it on the chin a little bit, more concern about interest rates. stay with us, you are watching fox business. this isn't just freight. these aren't just shipments. they're promises.

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this is not a hoax. you follow the plan, you'll lose weight. neil: it's has been-grown meat. that does not mean that it is fake meat. you've heard a lot of all of this attention around this new type of chicken that some people say, well, maybe it just, you know, might be like incredible chicken, incredible beef or all these others that are out there. it's not quite out this at all. amy chen, the best way i've heard it explained is that it is not your traditional chicken, nor are chickens sacrificed at thal around tar of good food to make -- at the altar of good food to make this happen. could you explain what it is? >> absolutely. cultivated meat, neil, is meat grown from animal cells. it is real meat, and the big

spoil orer alert that it tastes like chicken. just the chicken we've always loved made in a new way. neil: so could you apply this technology to beef? to how cows? you know what i mean? where does this go? >> yes, it can apply to the any animal, actually. so we're already working on chicken, beef, lobster. if you love it, we can make it. neil: so how does it work? or what are you taking from the chickens in this case? if their dna in? just explain that to me. >> sure. it's actually quite simple. so you start with a chicken, you take cells, you basically feed them the nutrients they would normally get inside an animal's body, so think vitamin, glucose, sugars. you put them in a cultivator, small or large like the one you see behind me, and you allow the cells to do what they do. they grow, they multiply and produce delicious meat. at the right time, you harvest it and formulate it into a meat product. it's pretty amazing. neil: so the chicken doesn't

mind, maybe a little pinprick to get some sample from them, but they're not being killed, right? >> it depends. we will take them sometimes from a ferret thized egg in this -- fertilized egg in this particular case, but you can always take them in other ways. neil: okay. so groups like peta the must welcome this approach because we're not slaughtering chickens, down the road maybe cows and all the rest, and it is the actual article, the food that is just like the real thing. >> that's part of what's so exciting, neil. we eat 70 billion animals a year. so with just a handful of cells, you can actually create a large number. so we will be able to is have better animal welfare, it's much better for the environment, more sustainable, and it tastes delicious. as you can see from some of the photos, it's also grown in a clean environment -- do noel. neil: neil no, it looks like the real thing. tastes like chicken. i enjoyed that line. when we extend this to to other

areas, and i'm sure down the road beef will be one of them, it's not as if you're getting something that's for you, the eat orer, there is still the same risk with, you know, it's not like being a vegetarian. i mean, if you're worried about your cholesterol and all that, that would still be an issue here. it's not as if that was just waved out with a wand. >> yeah, neil, it's a great question. so i'm from texas, i love meat, and this product is really for people who love meat and want the real thing. long term i'll tell you there's the potential for us to modify the nutritionals, so you could imagine a steak that has the profile of salmon. but for now we're just focused on matching what you would expect from a conventional chicken or cow. neil: this is wild. we're following ite time. we appreciate it. >> absolutely. it's been a pleasure. neil: we're going to be pursuing this a lot more this weekend on my weekend show is, "cavuto live." in the meantime, kelly o'grady is taking a look at ford which surprised some people with,

apparently, an outlook for some job cuts. kelly, what's the latest? >> reporter: that's right, neil. we could see more layoffs coming. so the "wall street journal" is reporting that ford is preparing another round of layoffs in the coming weeks, and this would be their latest effort to streamline operations and reduce costs at the company. so you can see the stock is down roughly a quarter percent on the news, and report reportedly these would mostly include u.s. salaried workers. this isn't the first time that ford has done this within the span of a year. many in august they laid off roughly 3,000 white collar and contract employees. they also said earlier this year they would be starting a 3800-person reduction in their european work force. now, no word on how many would actually get cut in this potential round, but it would reportedly hit their gas engine business as well as their ev and software division. and this is part of a broader commitment to cut at least $3 billion in annual costs by midway through this decade. so we reached out to ford. they said there's nothing to announce right now, but they the

did tell us, quote: part of the ongoing management of our business includes meeting future wiz plans as well as saying -- staying cost competitive as it evolves. losing billions in this their ev unit, they're looking at a projected $3 billion loss this year in their model e division. these reports come just as ford has agreed to the $9.2 billion loan from the u.s. department of energy to invest more in evs. the layoffs could come as soon as next week, but it's certainly not the only auto manufacturer doing so right now. back to you. neil: yeah. we talk about these guys coming off the of the woods here, some still much in the woods. kelly o'grady, thank you so much. speaking of developments, you know, sometimes when you get robbed and is you're a store owner, it keeps happening to you, you think of two things. maybe if i just move. that was not an option for my next guest, so here was a brighter idea, maybe if i don't have cash in think of my

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edward jones ♪ neil: you know, there is only one major league baseball team that doesn't have a pride night toking celebrate what's going on in this country, this new trend that corporations are celebrating. the next -- the texas rangers are that team. all this with the backdrop of a lot of companies either that are doing this sort of thing a lot or in some case, in the case of starbucks, not enough. anyway, lauren simonetti is following all of that. >> reporter: you receive flak and praise at the same time, right in so 30 teams in the mlb,

and just one, the texas rangers, are not holding a pride night at their ballpark this season. a former longtime employee bashing the club in an interview with the public saying this: the fact of the matter is it's a free marketing opportunity. ing it doesn't cost them anything personally, and they can boost revenue by looking inclusive. the pact that there hasn't been one for texas is the biggest actions speak louder than words that i've ever seen. the rangers told the athletic that their commitment is to make everyone feel both welcome and included. but, look, this controversy is nothing new to sports or baseball. mlb told teams this season they wouldn't be allowed to alter their uniforms for pride or any other local celebrationses as they've done in the past. then there's starbucks. 3500 workers at over 150 stores set to start striking today after the union representing

baristas said the company banned pride month decorations at its cafés. the union says strike and do so with pride. and they call starbucks hypocritical towards hgbtqia -- lgbtq ia+ workers. this is what they told us, workers united continues to spread false information, a tactic seemingly to divide partners and deflect from their failure to respond to the bar gaining sessions -- bargaining sessions for more than 200 stores. so look, neil, should the rangers stick to just sport, and should starbucks stick to just coffee? because as you're seeing play out over and over again, you're damned if you do and you're damned if you don't. people are sensitive, and someone's getting in the way of everything. neil: yeah. maybe that would solve everything. but we're way beyond all of that. lauren, thank you very much. lauren similar net9ty.

in the meantime, i want to introduce an interesting fell that's come up with an interesting way to deal with all the crime in the oakland way. he's a café store manager. they've got a problem with crime there, the frequency of it. and maybe if you take the temptation away -- not the great food that he feeds you, but the cash -- maybe that will change things. at least he hopes. ethan, good to have you. explain what you want to do and what a lot of your friends in this community want to do. >> good afternoon, neil. so what we want to do, so we've had a lot of break-ins. and this is primarily stemming the from mostly the pandemic when we had a lot of, a lot of crime in the downtown area. and so by taking away the cash, there's nothing that thieves can come in and get. and so that's, that's primarily why we've stopped taking cash at our locations. neil: so how would that change

things? if your customers don't pay cash, and probably many pay with a credit card anyway or debit card s the impact serious for them? or they know that, wait a minute, we don't take cash. what do they say? >> um, well, so i would say that businesses are moving much more toward cashless payment anyway -- neil: right. >> and they say, okay, because there's nothing really, you know, we say if we don't take cash, they're going to, they're just going to pay with a card. and so, you know, so this is more because of the crime in the area, and it's because -- and we're not the only business to do this. so it's becoming more of a widespread thing. neil: no, it's a brilliant idea. i do wonder though if you have great food, steves could still -- thieves could still steal that. [laughter] >> nobody's ever stolen -- when they're going in, they're looking for ipads or cash. hay go in quickly and they go

out just as quickly, and if they don't find anything, they won't take anything. what was interesting about our last break-in, so we put out signs that say we don't accept cash, and they broke in anyway, but they didn't take anything. the wild thing about this is it just -- we've had neighbors who have been broken into, this has been an issue in downtown oakland for quite a bit. neil: it's amazing. so they don't take cash, but they might keep the cannolis, is what you're saying. >> we keep 'em. neil: there you go. just a bad movie reference there. keep us posted on this. it is a brilliant idea. a clever way to deal with a real problem. meanwhile, dealing right now with those who want to go on these very risky tours down to the bottom of the atlantic to ocean. those days are gone, maybe for quite a while. the legal fight after the sub mishap, after this.

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♪ neil: all right, you knew this day would be coming after the tragic submersible and the five victim, now growing calls for legal action against the entire industry, and lawsuits can't be that far behind. mike tobin keeping track of it all in canada. mike. >> reporter: well, neil, we waited ask and hoped for a miracle, and we ultimately didn't get it. we know now that all those efforts for search and rescue were ultimately in vain. now that search and rescue equipment are so many different nations, so much equipment that was out about 400 miles south of here, all that equipment is drawing down. we've got a statement from the joint rescue coordination center, it says all rescue assets will return to base to regenerate search and rescue capability and prepare for future search and rescue events. now, the u.s. navy confirms acoustic technology picked up sounds consistent with an implosion shortly after the

titan submersible lost contact with the surface. so so for all the searching, friends, family and fellow explorers need to find some comfort knowing that the pilot and passengers didn't suffer, and they died in the midst of an adventure. [no audio] >> reporter: i thought we had a sound bite there. regardless, oceangate families and companies belonging -- companies, i should say, belonging to those people onboard have issued statements, and they all have similar themes. of course, there's the theme of sorrow. there's a lot of gratitude for the rescuers, and there's that constant message of being somewhat happy that that the loved ones that that they lost, the friends that they lost died while they were in the midst of an adventure, an exploration that they loved so much. now, there is still equipment out at the search area, the location where the titan submerse if bl imploded and sunk to the ocean floor. there are still operations with

the rov, but the coast guard indicated yesterday there's no decision yet as to whether the leftover equipment, those five major pieces of what they call the pressure chamber, whether those will be salvaged from the ocean floor, presumably to do the forensics. neil? neil: mike, thank you for that. i want to go to carl sabo, george mason is university professor, because -- it's always good to have you, carl. the one thing that struck me here is this idea that, you know, there is risk with all this stuff. in fact, wafers georgia loan that -- waivers galore that you have to sign off on. i believe in the waiver in this case, three times on the first page is the word death. that could be a small that you're doing something pretty risky. first of all, i wonder how legally these waivers hold and, b, whether people even bother with them. if you think about it, from going on challenging rides let's say at a great adventure or disney world, to taking, you know, risky hikes in the grand

canyon, at lot of people fill out these waivers. are they now going to be to the reinfos forced -- reinforced, made more clear? what? >> yeah, thanks for having me back. with respect to the waivers, you know, as you point out, we sign them all the time. we sign them for gym memberships, i signed one when i took my kids to the bouncy house the other day. typically, they say you recognize there is risk associated with the activity that you are participating in. in this case, there was potential risk of death. and you sign the the paper say i recognize the risk, i assume the liability are, the personal liability for that risk, and i will not hold the provider responsible. now, that does hold to an ec tent. what -- extent. what that never has allowed is for the provider, in this case oceanview, to go and engage in potentially reckless behavior. so if, for example, the gym fails to keep the equipment up to snuff, if they don't clean the floors and you slip, that is

where those waivers end. and when it comes to negligence, that's going to be the real question before the submersible company and the courts, whether they engaged in reckless behavior, negligent behavior designing their sub in carbon fiber as to opposed to titanium, did they cut corners and violate procedures? because when the negligence occurs, the liability falls down on the provider. neil: but why are there these waivers in the first place or even these warnings? it's a little different i grant you, carl, for these promising drugs and medicines. by the way, there's a chance you could die, and this could be, you know, leaving you paralyzed for the rest of your life. you see these commercial ands all the time and always wonder, well, if that's a chance, i really don't want to to take that particular drug. but are they obligated to do that? and then you hope that most people just sort of gross past it? -- gloss past it? >> yeah. i mean, it's mostly written, it's like terms of service or privacy policies.

they're not really written for you with, they're written for other lawyers. neil: i see. >> and they're written specifically for situations like this where things do go bad with, things have gone bad. and so when you go to court, you can point on to the contract the individual signed right here that they recognized there is significant risk. then the court sits down, looks at all the a facts, and they look to see if there was negligence by the provider or was the risk assumed by the individual part of that contract. so at the end of the day, these waivers, they're not really written for you or me, they're written for lawyers and courts when things go bad. and that's really where this is ultimately going to be settled, is in the courts. now, what we don't want to see is lawmakers suddenly rush in and start writing rules, writing regulations and deciding how these things should play out. we need to figure out the facts, the evidence and figure out if there are gaps to be filled whether it's in the waiver system, whether it's in the submerse submersible industry or

something else. neil: well, i know that much, it's going to be a while before the next deep sea dive on something like this, but lawyers will sort it out. carl can, thank you very much. >> yeah, thanks for having me. appreciate it. neil: same here. jackie deangelis with what's coming up on "the big money show." jackie: good friday afternoon. a huge low cost loan for ford as it pushes evs and the administration's agenda. these are things that make you go hmm. plus, there's a heat wave down south putting the energy grid to the test, and will cain is stopping by top the of the hour. more "coast to coast" after this. ♪ ♪ (vo) sail through the heart of historic cities and unforgettable scenery with viking.

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♪ neil: all right, we are going retro, my friends. it seems like we're going back to the '80s and '90s, the kind of things that for a certain generation made it relate the their childhood or young years. but for some this stuff is actually just last week. but i digress. madison alworth following all of that in new york. madison. >> reporter: hi, neil. i'm living my malibu barbie dream, right? i'm a barbie girl in a a barbie

world here at the malibu barbie café. it's not just me in all pink, we have a whole gaggle of barbies here that are enjoying the end san. do you guys want to look at the camera and smile? they've got the sunglasses, the tutu, we're working it. obviously, these girls are not old must have to remember the original barbie, but their moms are, and they're the ones that spend money. that's what matters to companies like the malibu barbie café. just to get in, it's $40. that doesn't include the food or the drink. and the reality is once you get here, you think that's a little steep, let me tell you, tickets for this experience -- i'm sorry, ladies, excuse me. tickets for this experience for the summer, they're almost all sold out, neil, on the weekends. that's how much money -- bar by coming out in july, we also have indiana jones and mission impossible all coming out this summer. and then the brands outside of that spending big. not just the pop-ups, all these

outfits, that comes out to a pretty penny. we have all the moms here. i want to bring in christina, one of the moms who is going to represent the group. okay, the girls are adorable. you had to pay for the tickets, paying for food and drink can. how much money died you spend on each outfit? >> i would say probably $2-300 per girl. >> reporter: and how many girls are in the groups that have spent $2-300 #? >> we have 111 girls here -- 11 girls. >> reporter: why spend all this money on a nostalgic thing like barbie or the barbie café in. >> it's all about creating beautiful memories with our daughters. >> reporter: and i think that's so important. it's all about experiences after the pandemic. are you also going to go to the box office and pay for the movie? >> of course. [laughter] >> reporter: all right. there you go. and that movie, $100 million to make, they're expecting $55 million opening weekend. this is big bucks. this café is full of barbie, each one of them buying outfits,

food, drinking, it all adds up. you you think the economy of taylor swift is big, talk about the economy of barbie. neil: $200, you're not that far from texas deli. i mean, you could get a pretty good reuben, but i digress. madison, that's a great story. thank you very much. some of you probably thought, is neil wearing his pink tie in honor of barbie? no. all right, we've got a lot more coming up including right now whether the markets are going to be in the pink or in the red or in the serious red. see what i did there? that's basic cable. after this. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates,

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you're sharing it. because doors were meant to be opened. great job, everybody! adam: adam: skip the furniture and try to >> meatball, all-you-can-eat midsummer buffet, time to tout its widely acclaimed swedish meatballs, as many as you want. that's going on. larry glaser is a big swedish meatball fan, he takes good care of himself, the markets are not taking good care of investors. what's going on? >> back to the meatballs.

just when investors thought it was safe to go back in the water, and all wall street adage, don't fight the fed but it should be don't fight the fed's. it's almost murphy's law, the minute the market hits a 20% rise, official bull market territory you get the june swoop and the reason we tell people, don't do that when you are in a bull market because you might do something you will regret. don't just do something, stand there. this is the classic example where we are seeing the federal reserve might be on hold, didn't raise rates, they are indicating there are more rate hikes ahead. bank of england surprised rate hikes. neil: all the other major central banks are not doing this pause that we are. don't know who is right about that. if you think that adds pressure?

>>. fed's motto should be do as i say, not as ideal. they are saying they are going to raise rates, worried about inflation. look at the companies reported, holding back, cutting labor, laying off people because costs are too high so the stimulus money is gone but inflation remains high. so something at the central-bank level to address this issue, labor is too tight, we haven't solved the problem but the market wants to believe that. i respect the optimism of artificial intelligence stock but you can't over run it. larry: adam: only so many can get out the door. now to "the big money show". jackie: i'm jackie deangelis. taylor: i'm taylor riggs. brian: and i'm brian benberg.