stuart: the tuesday trivia question. the sony walkman originally marketed in america in 1979 under which name? freestyle, stowaway, or sound about? >> i will go with stowaway. stuart: ashley? ashley: i will go with freestyle. we when you are wrong. it is sound about. you see, i was around and active in 1980. for name walkman originated in japan, spread to the us and then around the world. time is up for us. thanks a lot. coast-to-coast starts right about now.

neil: senators touring the pga tour, more than just livid. today, former miami marlins president david samson weighs in on loyal pga players who feel hosed and raising holy hell. that merger hit a rough patch. a very rough patch. welcome, i am neil cavuto. my thanks to edward lawrence and david asman for filling in when i was away. he does better than i do and i pushback. let's go to chad pogrom on politicians. what is going on? >> reporter: members of the pga tour trying to explain themselves. senators want to know why the pga tour did an about-face and aligned with live golf. pga tour board member jimmy

done negotiated the alliance. >> in five years they can got us. they have an unlimited verizon, unlimited amount of money. it isn't like the product is better. it is just that there is a lot more money. >> reporter: live golf was poaching players offering prodigious amounts of money to defect. 9/11 families are outraged. they are especially upset at done. he worked in the world trade center and cut the deal with the saudis. terry estrada's husband died in the north tower on 9/11. >> complete betrayal to the 9/11 community. he worked in the world trade center, he did lose many people, he knows the kingdom is comparable to murdering 3000 people on 9/11. why would he ask them for help. >> reporter: senator ron

johnson is concerned about the optics of the merger but johnson is cautious about criticism of golf because it's associated with the saudis. >> no amount of money can wash away the stain of the jamal khashoggi association and other human rights abuses. it would be unfair to expect the pga tour to bear the full burden of holding them accountable. >> reporter: the senate wants to hear from live golf founder greg norman. lawmakers are considering legislation which could revoke the tax-exempt status. ashley: could they do anything to stop this? it is supposedly a done deal. >> reporter: at the testimonies this morning we had folks on the pga tour board say it is not completely wrapped up. they have this framework, senator ron paul from texas, rand paul, i should say, from

kentucky, he has indicated i have trouble with the saudis but why are we involved in this? that is what senator johnson was commenting. i talked to him in a separate interview and he said i don't think you can wash away the jamal khashoggi murder but the problem johnson has, he wants to protect golf but should congress be involved in this? they are getting into legislation with taxes and status, this is why richard blumenthal, the chair of this committee says this will not be the last hearing they have. ashley: take away their status, you have a lot of reassessing going on. thank you very much. david samson, former miami marlins president. the host, good to have you. a number of pga tour golfers are a little ticked off about this arrangement because they

are the ones who bypassed a lot of big paydays from liv golf and the saudis. now they are in the same lunch. >> they feel they were taking a stand. let's talk about tiger woods, hundreds of millions to join liv golf and he said no. i'm not going to do that. i will be loyal to the pga and then woke up one morning with no warning at all. all of a sudden was part of liv golf and that is something pga completely botched in trying to effectuate this merger. they did not get consensus and they thrusted upon their members, there's pushback not just from players but also as we know from washington dc. neil: you hear from the liv golf side it is what it is, and the other stuff walks but i can't imagine it is a nice marriage here. assuming it sticks and stays, what is the fallout?

>> these are mortal business enemies. what we call a merger is not exactly a merger. it is almost like a sponsorship agreement where pga needed an infusion of money. they were bleeding money not just in litigation which is part of this potential merger, in general they wanted to increase their purses to make it more attractive for players to stay with the pga and not defect to liv golf so they took a sovereign fund money but tennis is looking at taking the money. the nba is willing to take sovereign fund money so this is not unique to the pga. if washington dc starts looking at this the question is where do you stop looking? used or the slippery slope and there's no end insight. stuart: didn't the pga start at slippery slope itself by doing

business with china? they killed a lot of people in china, whole populations of leader muslims that have not been heard from again versus the killing of this one journalist. i'm not minimizing his killing any more than i'm inflating the killings of those minorities in china, but that was the pga, posing up to china so what makes them different from the saudis not cozying up to one journalist? >> not sure there's a laundry list of who you can cozy up to or not when it comes to wanting an infusion of money or to increase the value of the franchises in your league. there are businesses, sports leagues doing business with china for years and years and decades and decades. what people decide as owners or as members of the organization where do i get the money from if i can no longer look inside the us. where there huge amount of

money being put out into the world coming to the economic sports world and that is what you sovereign funds are doing but that's the provenance of sports watching and we are seeing the evolution of it. ashley: neil: the all-star game, baseball classic tonight, the american league won the last 11 outings. how do you see things going down? >> it's going to be a national league, the american league, the mvp is going to win it. they have never been able to win a game. when we hosted miami, it was a 2-1-game in extra innings but the national league is starring zach galligan, if you never heard of him you should, he's really good. the new york yankees suppose that ace, every year for the national league to win it will be this one. it will be a great game tonight, 8:00 in seattle. neil: if you are wrong and this we will replay this exchange. if you are right, we will mention it.

it is always great having you. thank you very much. david samson, former miami marlins president, the big mothership, broadcast network. in the meantime look at amazon stock, the start of the two day prime customer day where anyone who is interested can go ahead and take advantage what the company promises are the lowest prices of the year. thousands of items on this site, i always feel compelled in every way that they were yesterday. the capital advisors portfolio genius. let me ask you first about the importance of this for amazon. i tend to take a further back view of what it says about the consumer in america. this is a good insight into his or her thinking, when we have seen a little bit of retrenchment, what does it look for?

>> you can look at it from a fundamental perspective but also a macro perspective. looking at a fundamental perspective amazon does not give out a lot of information regarding the growth year on year of third-party sources that say it's closer to 7% to 10% but one thing that is shining is the regional logistics aspect that they have been working on for the past few years. this year 2020 very, amazon will have the fastest every delivery rate never had on record. last night, at 11:00 i bought dog food. the dog food was already on my doorstep. that will highlight the benefits consumers will be seeing from amazon this year. to break it out further from your commentary, let's look at it from a macro standpoint. you can really pick your own narrative. is the consumer strong or not strong?

one thing i say is in the near-term the market tends to focus on the rate of change. over a longer time the market focuses on the absolute level. let's talk about what's going on with the consumer. household wealth is starting to go into negative territory. the economy tends to see some type of recession. if you look at the absolute level of the us household net wealth, the relative to pre-covid the consumer is 34% more wealthy on average. if you break that out over the 10 years, the concern is 120% more wealth. a lot of that's coming from financial assets and the value of your home but if you look at it in the short term the consumer over a longer time remain strong which can only benefit amazon. neil: it is steady strong job growth. less than some had thought but

still generating a lot of job retail sales, but again, i look anecdotally at other developments like lower attendance at theme parks around the country including disney's and extends to universal particularly florida. the heat might have been a factor, real temperatures in the 100 ° range but i am wondering if those who paid money, a lot of money for getting a lot of bang for their buck on trips and family excursions, what if that starts to pull back a little. >> i think what's going on in florida especially with disney is idiosyncratic. i don't think it is widespread in nature. this is horrible to say but the consumer goes to disney is one of the lowest cohorts. if you break out the lowest cohorts of the consumer in the highest coverts the lowest cohort starting to feel some pain given the inflation rate. jobs are strong, getting wage

inflation, 4. 6%. if you compare the lowest cohort of consumer, and it is sin flooding. the tsa a throw put at airports, that's much stronger than you saw in 2018. and sent addie, we had taylor swift, over 4 july weekend. we had the highest nightly rate on airbnb and it doesn't make sense. i don't think it is widespread. the consumer remain strong. look at the us pmi regarding services, came out better-than-expected. peopling to spend capital if they have it. >> i want to talk about crazy amc plan showing oppenheimer, the barbie movie, didn't think

the two were at all alike but i want to pursue that, talking about the consumer. in the meantime we are learning skipping across the pond the president has arrived in lithuania, he was greeted by signs that said ukraine deserves nato membership, the president and a number of nato leaders are divided on the subject, the president not keen on offering that. he's meeting with president zelenskyy who's concerned about the signals he is hearing to sweeten membership in the nato alliance, no to ukraine in middle of a war. we have that with the former us ambassador to nato right after this. you are watching fox business. ♪ ♪

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prime minister of great britain, but also on where they stand when it comes to new members and that has gotten to be a concern with ukraine. jackie heinrich in lithuania with more. >> reporter: president biden meeting with the turkish president, biden thanked one for clearing nato. and pushing everything that looks up to this point was a warm-up and initiating a new phase of partnership and that is likely an illusion to the f-16s that he wants. biden admin a station pushing congress to approve that sale and bob menendez indicated he will drop opposition as soon as next week. no one admits f-16s are tied to turkey dropping its opposition to freedom as the white house admits the timeline for turkey's vote is not mixed and

we can see that sale go through before. listen. >> the president has said all along but he's interested in getting these f-16s to turkey by sending the package to the congress so we will work with of the congress on the appropriate timing but i can't speculate on the precise date it will happen. >> reporter: turkey dropped its block on sweden and jake sullivan told me even when erdogan moved the goalposts, biden had no doubt this would happen. they talked in detail on air force one. despite the alliance announcing a new aid package for ukraine, president zelenskyy is frustrated allies made clear the timing is not right for ukraine to join the alliance with the war on going because

it could trigger nato article 5. a big concern for the ukrainians is russia will continue its pursuit of ukraine until they are in the alliance, not extending an invite will leave russia an opportunity to bargain ukraine's memory chip in negotiations to end the war, despite zelenskyy's. the joint communiqué just came out and it reads ukraine's future is in nato and the alliance will be in position to extend an invitation to when allies agree and when conditions are ideal. neil: that is when the war is over. >> reporter: and they have thresholds on democracy in their military. neil: thank you. former texas senator, 2007-21 during the trump years. great to have you. >> great to be with you.

neil: ukraine seems to me smarting for not picking up nato membership and that his divided some nato leaders. what do you think of the president's rationale when the more is done? >> reporter: that has to be the condition, no question article 5 is inviolate and it means if we have one of our allies attacked we will all be in a war. the president is right not to go that far but what ukraine is getting is significant and much more than most of the new allies have gotten and that is to take away the two condition requirement and make it one condition. the reason for that is they are giving so much now interoperability right now that

it will be a smoother entrance for nato when the war is over. neil: knowing we were coming, i was excited about it because donald trump is running for president again. he has said he could end ukraine conflict with russia in a day. mike pence said by ceding to every one of vladimir putin asked demand. what do you make of that statement? >> i think mike pence is taking the right position and that is we need to help ukraine win this war, but not with our troops on the ground and i think that is the essential difference and i think it is important that we help ukraine and welcome them into nato after that war is won and when we help them win that war.

neil: what did he mean by ending this in a day? >> i have no idea. neil: you supporting him running for president again? >> i'm not supporting him. i am not involved in the presidential race. we have a number of strong candidates and i think all of us are hoping that we have a choice for americans that will address the issues that americans are facing now and we have so many. security is number one on my agenda but of course the economic inflation is very high on everyone's agenda and we've got to have responsible spending, stronger effort in stopping illegal immigration and most certainly continuing the strength of nato as america

is the leader, america needs to be the leader of nato, and we need to have complete unity of nato as we face many adversaries in the world right now. neil: the reason i mention the former president, john bolton, national security adviser fears that if he were to become president again, could be a security threat to our nation in a second term. rex to larson, former secretary of state went as far as to say that he's pretty undisciplined, doesn't like to read, and i would worry if he returned to office. do you worry if he were to return to office? >> i do not think that he should be the republican nominee for president. we need to have a presidential nominee that agrees that we need to support ukraine, agrees that we need to cut spending, will attack tough issues that face this country and i don't

think we should be looking at the past with either president biden or donald trump. it is time for the next generation of leadership in america and i think we've got a lot of strong people that i have known in my republican time that are competing now. neil: would you support whoever the nominee is even if it is donald trump? >> that is a hard question for me. i want to support the nominee. i so believe in a two party system. i dealt with europeans, multiparty systems, i think it is unstable. i think having a two party system has clarity, that they will be able to see the people that have the majority elected. i believe in a two party system. i want the republican party to be strong. i think there should be a

strong democratic party as well. i think the policies of the republican party are the right policies for taking our country forward with security for economic common sense. neil: very good seeing you again. >> glad to be with you. adam: you are tossing and turning about two big movies coming out, barbie and oppenheimer. what am i going to do? watch both? ♪ i got into debt in college, and no matter how much i paid, it followed me everywhere. the high interest... i felt trapped. debt! debt! debt! debt! so i broke up with my credit card debt and consolidated it into a low rate personal loan from sofi. i finally feel like a grown-up. break up with bad credit card debt.

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neil: those are scenes from the upcoming movie oppenheimer. just kidding. that is from barbie. theaters are doing something unique, 20,000 moviegoers have booked to see barbie and oppenheimer as part of a double feature. i'm told you don't get any discount for seeing the two together. there are oppenheimer fans -- david wagoner, the intent is to the academy award ballot box but the other would be this is a marketing way to get people, 20,000 committed to doing so in a couple years. >> basically a battle of our

bomb and the bombshell right now. why not both? when it comes to amc, it is more of a hail mary right now. one of the company's like disney, netflix they taught people they can watch movies from their couch, don't have to go to movie theaters and that has stuck with the nature of what consumers are doing. it is a hail mary. if you look at the data of box office ticket sales, it is 25% below 2019 and that's utilizing the comp last quarter the had the blowout movie of avatar 2. people going back to see the movies, i see that as a hail mary. neil: when i go to theaters, unless you have a big moneymaker or big blockbuster film, there are not a lot of people in those theaters. that might change. being a part of amc will work, but it takes a lot to get

people to leave that streaming thing. where do you see it going? >> i don't see that stopping. i would make the comparison to work from home. people are starting to come back to the office but at lower levels than expected. a big focus on the market is on cre, it's not monolithic in nature, office space makes 8% but all the data showing not a lot of people going back to work and that is poor compared to the people going back to movie theaters instead of watching these movies that are available a month after the movie theater release. neil: back to what you were chatting about, the strength of the consumer, your impressed by that, those that are not dabbling to see movies in theaters, that theme has continued. >> absolutely.

i read a lot of newsletters, this quarter, was "atlas shrugged". gdp is almost 70% for consumer spending but the consumer is that was holding up the world right now and from the macro data i am saying, the consumer. neil: i like that. i appreciate you following those fast-moving developments. the former world bank president itching to talk about the barbie movie. that is coming up next. just see what he has. i'm so glad we did this.

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neil: we showed you the class picture, in the middle of these pictures indicating erdogan will support making sweden a member. the president in the middle, so it could be said at the world bank. the former world bank president, ronald reagan -- the chief economist, as old as me, don't know how he does that. good to see you. i want to get your take on that barbie movie but ahead of that the other big development is this took back-and-forth among nato leaders, about who's going to accept new members, mourn

members of nato paying in. it was a conundrum for you at the world bank where we disproportionately account for the money but don't always necessarily get our way and maybe that's happening in nato. >> the world has these organizations, various governance structures. it was shareholder votes but the us doesn't have a veto over things the world bank does, the us is the biggest contributor through a consensus process. to get sweden into nato they have to get other nato members to agree to it. the wto, the world trade organization works the same way. they need to agree, the world

bank could make decisions for a voting process. neil: never got the vetoes, don't want to rehash all wounds but one of the arguments was the new word is gung ho on spending as much to address climate change as the more vocal members. was that true? >> there is no soft spots, the world bank under my leadership doubled climate spending. it wasn't that. two years at treasury, that is a long time to be in public service, the world bank made a lot of progress but the world itself, facing giant problems primarily of slow growth, the leadership needing to be strong to face global crises. neil: you were just trying to

navigate a moderate course that commits more money to climate change and deal with it and you said doubling the spending before you came on board. other members were gung ho on pushing more money and that onus, where we are disproportionate contributor. what do you think of it with the process going forward to your successor and the world bank because it seems to be their primary focus notwithstanding. >> it is easy to criticize others. when there's a big problem the world is facing, and climate change is one of those, hard for people to decide what they themselves do. one of the challenges on global warming or carbon dioxide

emissions is the big emitters are exporting huge amounts of coal. how do you break through that and get to the us, germany, japan, china, and india and say the world wants to go in a different direction. it is going to oftentimes be an international institution people can point to and say that should be your job. the world has other problems as well. giant debt buildup for the poorest countries, shortage of food and fertilizer and energy especially for poor people around the world. 800 million people don't have electricity. how can they be part of a growing economy that way? there has to be a balance in what the world is doing to fight all these crises at the same time. i was pleased with the four years that i spent there.

we put out $450 billion of support for developing countries which was a big effort especially during covid. neil: and it was unprecedented. i want to switch to developments of this country and other countries where there is a global push to keep raising interest rates and more abroad than in the united states. we are told at the federal reserve meeting that they will join that and resume that hiking move we see out of everyone at the bank of england. are we overdoing the rate hikes? the impact hasn't registered? when it does it will lead to a slowdown? >> inflation is elevated. this puts the fed in the box. if they keep hiking rates, it

makes the us budget deficit bigger. the us is borrowing short-term floating-rate money. the deficit gets worse as you hike rates. these are big problems for the fed as inflation stays elevated. the fed should use more tools, one powerful tool is to encourage the supply side of the economy. mostly they are saying they want to slow the overheated consumption of the economy when government spending is huge and projected to be huge, the debt to gdp ratio going 180% of gdp. the current policy is for giant increases which puts burden on the supply of the world. the us is able to borrow money from all over the world and not

just the us. europe and japan as well. this sucking sound was to bring money out of poorer countries, doesn't make sense in a global growth standpoint. neil: i am joking when i mentioned the barbie movie on the creation of the atomic bomb but a creative way for movie house to package theaters that has been working for the most part with consumers spending their money but not as much as before looking at crowds and amusement parks, disney is included. we are seeing something similar abroad. is the global consumer doing that? >> the global consumer slower than the us in part because they don't have a giant us fiscal deficit powering the consumer. so global growth outlook is slow growth for a number of years.

that's my big worry. the right solution instead of that would be to encourage production of everything the world needs, not just in china. they are doing a big part of that production increase but elsewhere in the world especially in the us, the biggest economy in the world to step up. that is the way to achieve peace through strength which i think is important at this nato summit. neil: a pleasure seeing you. thank you. the former world bank president. now to "the big money show". jackie: good afternoon. we have mr. wonderful, kevin o'leary, giving his take on bidenomics and ev resistance. 's big oil poised for a comeback? we will talk about that. senator roger marshall on the pga liv golf merger and southern states in this country are holding up the rest of us. we have both scorecard. first, more coast-to-coast after this. ♪

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neil: many in congress can't get a handle on it. they are eager to talk about artificial intelligence, the greatest opportunity for mankind or the greatest threat. they will debate that as senators here for military and intelligence leaders, classified briefing. he is so smart, and talks about potential threats. always good to see you. now that the worry is the genie is out of the bottle and we are all busy trying to stuff the genie back in. we are panicking. should we be panicking about this? >> good to be with you. there should be concerned about it. we are in uncharted territory. we don't know what we don't know. when it comes to national security, the thing to be concerned about is demand and

control. command and control of military forces and how you execute is based on the speed. years ago, we observed the decision loop of your enemy and frankly computer speed will help you do that. the concern i have if you go man out of the loop you have a major problem. there was a 1983 movie called wargames. what happened in cheyenne mountain, they had a big computer that got out of control without a man in the loop and nearly had a nuclear exchange between the soviet union and the united states. that's what you need to concern yourself about. with the speed of supercomputers and artificial intelligence of these are doing billions of computations a second. you've got to make a decision. what are we going to do? how do we work with them? back to the commercial world, how does this feed into the defense department?

one things that would help out with national security command and control, the man out of the loop, i was involved with nuclear exercises called night watches and i will tell you have you had to have man on the loop. making decisions where millions of lives were at stake, can't turn that over to a computer. lauren: 1 should pause but china isn't pausing. >> you are right. they've got a counterpart to microsoft, their corporation does this. they are using their technology to do military expertise and you are right. i would advise anybody to have man in the loop because that is something that will get you in trouble in a hurry is if you take man out of the loop and let the computer work on its own. that's what you do with artificial intelligence, let this thing go wild without human control. then you got problems.

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>> stille mess, discrete level

with the road when this happened, enough angry enough to crumble it and buckle it completely and we are two days out from in this area was drenched with a ton of rain but in vermont things are happening. they got hit yesterday and the trouble continues. a major dam is running out of capacity and residents have been told there are few evacuation options remaining. the water has receded and crews are working to build escape routes for homes where the water destroyed the roads that got them in and out of their neighborhoods. more rain for hard-hit conditions. neil: the first multimedia journalist, in two days they got more rain in vermont than the last two months. jackie deangelis. jackie: hello, everyone. jackie: i'm jackie deangelis. taylor: i'm taylor riggs