carley: of shot of clearwater beach, florida we are celebrity memorial day all weekend long and you can celebrate with exclusive fox shop, what was it? i want to get it right. pete: foxnews.com. carley: get 50% off. will: clearwater beach is beautiful, so is daytona beach, atlanta international airport where they are monitoring the travel rush that is on, 37 million americans, 60 miles from their home, vast majority are flying but those who are driving are encountering zones of higher gas prices. we are all overall of that.

this is jen psaki and my things for david asman. we are getting developed on the flying front and southwest airlines, stop alcohol service on board flights to hawaii in july. for some spike in activity where people get a little out of the caller, they will pull other drinks from the flight at least in june and july as the surge and people get used to it moves on so not necessarily much to worry about just another set of changing times, good to have you. a big two hours planned for you. we are looking with congresswoman nancy mace at everything you are hearing about including the biggest of all

time in the united states of america, something public, what she is worried about. getting to and from anywhere in this country, we go to charlotte, north carolina, charles watson at the airport. >> reporter: it is expected to be a busy and costly memorial day weekend for tens of millions of americans traveling this holiday, at charlotte douglas international airport. this is the tsa checkpoint, and you can see it is jampacked as well. american airlines the dominant carrier, 300,000 customers will fly to destinations from charlotte this holiday weekend, this is the theme around the country.

it is comparable to pre-pandemic levels, 3.5 million people at memorial day destinations but with more demand and national labor shortage, people are certainly going to be paying more. >> we are seeing a slight uptick. it becomes a matter of economics, really needs to determine how much you are going to pay airfare were the protocols that are in place and getting on the road. >> they will be getting less and a lot of cases, the hospitality industry gets folks back to work, fewer choices at restaurants, lengthy lines at airports, republicans pointing at the $300 federal unemployment benefit apps. the issue that others say this is a sign that wages need to go

up to attract workers and for those folks deciding to avoid these long lines at the airport, folks who are deciding to travel by car this weekend, not necessarily going to be any cheaper for them as the highest gas prices we have seen in 7 years. neil: you are the bearer of great news left and right, thank you very much. charles watson in north carolina. it is not only higher ticket prices are gas prices, higher prices for a lot of food items, to corn and beef and you name it. it is tough to sell this to the american people. in case you don't know, leonard, in previous grocery stores, popular in new york, new jersey, connecticut, he has to shuffle that with consumers and getting a case of sticker shock. good to see you, how are things going? >> everything is fine.

retailers don't like the rain we are having in new england and canceling a lot of events. there was an air show in long island, it is probably going to be sales are a little off from last memorial day which was gorgeous. neil: what are consumers doing their now in response to higher chicken prices? in terms of meat, do they look elsewhere? what do they do? >> you see people switching to other products. even more than chicken, red meat as we have seen from our ranchers out west, as the reported before said, it has to do with they don't have an of labor to pay more people over time and so forth to get the product through the system. you are seeing fuel prices are going up.

it costs almost double to get a trailer from california to new york, connecticut, new jersey. neil: do you have mask policies in effect? what are your rules? >> this is the biggest, toughest thing we have to face today. if you look around the store i would say 9 out of 10 people are wearing masks. we have relaxed our mask policies, the state law, and just adopted it but customers are not required to wear masks but 9 out of 10 are doing it because they think they are doing it out of respect when they realize everybody has not been vaccinated yet. neil: talk about the uptick in prices, you notice any consumer resistance?

people say i will buy less or go down a step or two with fruits and vegetables i have been looking at? what are they doing to counter that? >> 3.6% increase. oh my gosh, it doubled - a nickel or dime per pound, in some cases we are seeing center cut steaks like quarter house, you might see a dollar or two a pound. i don't have anybody to report earnings, we held ground beef prices to 399 and that is one of the biggest rock stars for memorial day, everybody has a

cheeseburger on that grill. neil: and they have a lot of good stuff to it. it is a destination for them. >> my grandfather did. fresh food, namely the way i did it is a perimeter department in the normal grocery store, and a bigger chain would have. will: stay tuned but i digress. he is going to tell you how to make your way around and tips on how you navigate the food price

waters here, have a great bbq. that is a whole separate matter. mark meredith looking at inflationary, the latest budget, a lot of republicans are staggered by the $6 trillion figure but we are heading in this direction anyway. the big concern is the more government is spending the more you will be paying. mark has more right now and joins us out of wilmington, delaware. >> reporter: from beautiful wilmington, delaware president biden released his budget right before the holiday weekend but lawmakers are not waiting until after the holidays a review it. we have democrats praising and republicans dismissing it outright. the president calling for a huge amount of spending, $6 trillion of government investment, the highest level since world war ii, the president is calling on

funding several democratic priorities including infrastructure and social programs, the american jobs plan and family plan as well as things like clean energy innovation, the cdc clinton billion to fight the opioid adamic and address gun violence. house democrats are thrilled with what they are seen, the chairman of the house budget committee says this budget ends the era -- addresses deficits to the community that have been exposed and exacerbated by the pandemic. this is just a budget blueprint, the president is not going to be getting everything he wants out of this and republicans have already had their objections, we are hearing from many republicans releasing statements on the eve of the holiday weekend including jerry moran who writes we cannot spend our way to economic prosperity, families and economic futures are best served by keeping costs low, making sure parents are able to return to work. that is something we would hear

about from it was of congress in the coming weeks and months as the budget process gets underway and they start to write the budget in congress but the president will attack increases on wealthy americans and corporate americans, eventually the spending will pay for itself, republicans not going along with that assessment. we will see if this changes the debate on infrastructure in the days ahead. neil: can't believe those numbers, they are too young to remember, they were never nothing good. thank you, mark meredith, following that in delaware, you heard a great deal of back and forth whether it is a democrat or republican problem or bipartisan with these bigger and bigger budgets, bigger and bigger deficits. jamie dimon has been back and forth with this on capitol hill, he fears all the spending is going to leave you spend. what is worse, trigger inflation the likes of which we have not

seen in quite some time. the read on all that, south carolina republican nancy mase. ♪♪ not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it with hassle-free claims, he got paid before his neighbor even got started. because doing right by our members, that's what's right. usaa. what you're made of, we're made for. ♪ usaa ♪

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♪ (who'd have thought they'd lead you) ♪ ♪ back here where we need you ♪ ♪ (back here where we need you) ♪ ♪ yeah, we tease him a lot... ♪ welcome back, america. it sure is good to see you. changes strong economy and spending takes place, nothing wrong with one.6%. i expect it to go higher than that, to tap it down. neil: among the biggest of the banks, worried about government spending sparking inflation.

in 1970 a lot of americans don't, quote, remember or read about in history, it is an issue for any republican congressman to question whether we need this spending, nancy mase, good to have you, you are worried about this. >> president biden released a $6 trillion budget, holiday weekend and you wonder why he is doing this. it is going to be okay. i liken it to president jimmy carter's presidency to trigger inflation, we see higher prices, everyone paying more for houses and groceries, prices will go up. will: a lot of this, is that all

the president's fault where is he adding salt to the price wound? >> this has been in the making for decades and republicans and democrats have contributed to it over the years. the middle of a pandemic, a covid relief package and if you pile the federal government is giving out to stay home rather than go back to work, it is throwing gasoline on the fire. neil: if i could switch gears a little bit. yesterday the senate shot down an effort to form an independent commission to look into the january 6th uprising on capitol hill. 6 republicans did vote for it but needed 60 in this environment, not just a simple majority to move forward. how do you feel about that?

>> i moved against the commission on the house side last week. there are already four federal agencies investigating january 6th and i was one of the most vocal republicans after the insurrection. we have the secret service, the fbi, homeland security and the department of justice already investigating there have been 440 arrests made, 500 federal charges and on top of that in the u.s. senate and in the house of representatives there are ten committees with broad subpoena power investigating january 6th as well and that process should play out, and they are calling to end the filibuster in the senate. i remember last year when senator tim scott had a reform bill, democrats used the filibuster to end any debate on his piece of legislation so it cuts both ways. it is frustrating, this is why.

neil: you are new to congress and trying to get things done. you work radical of donald trump right after the insurrection, can't condone the rhetoric from yesterday referring to the uprising on the hill where people died and the violence, these were not protests, this was anarchy. you did distinguish later on between voting on measures like this and the impeachment itself but you did vote with the electoral vote confirmation for joe biden is the next president of the united states, that puts you at odds with donald trump in a way. are you still at odds with him? >> i may constitutional conservatives, i follow my oath to the constitution and no one else. i ran to be an independent voice and be clear when i'm taking vote i want to make sure people understand why and if we continue to make our future, about one person and not about

the american people like he did, we will continue to fail the american people and we are seeing it every day. i'm watching our freedoms go away, watching more spending than we ever had before in this country and i want to fight for the right reasons. two kids i'm raising, i see the hardships every day and that is why i am there. neil: people said this rejection on the part of republicans in the senate had more to do with being afraid of donald trump than being concerned enough to get to the bottom of the january 6th insurrection. do you agree your party is afraid of donald trump, doesn't want to upset him? >> i don't agree with that but i agree politicians of all political affiliations to operate out of fear on occasion but this particular vote particularly people talking about being bipartisan of his apartment of justice, their number one goal, they are doing a criminal investigation and the attorney general can't be bipartisan then who else can be. we don't want to turn this into

a political witchhunt, we should allow the federal agencies to work its way out and get that information and 10 committees, 10 committees had broad subpoena and investigative powers in the us and the house of representatives doing investigations on top of four federal agencies. >> good seeing you again. republican south carolina house transportation infrastructure committee, we will be getting more as well. also trying to get an investigation going into the origins of covid 19 and the legalities involved. of china zones cooperate can you get any answers? i was in the process of deferring them, paying them... then i discovered sofi. completely changed my life. lower interest rate. my principal is going down. sofi is a place where you can start to tackle

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neil: it was a reversal for the president opting intelligence agencies to look into the origins of the covid virus in china and get back to them in 90 days, more like 86 days but a number of measures including one would let covid victims families sue china if it looks like china was deliberately withholding in formation or ignited this accidentally or deliberately in the process. the first part here is that you need proof that china did this or do you? >> you do and that will be tough. we are looking at 18 months since this had onset in china,

notoriously uncooperative government making this easy for anyone investigating it. the ability to succeed in establishing intentional or reckless behavior by china will be difficult for anybody trying to litigate this. neil: how did we get money out of libya after pan am lockerbie disaster? >> we have a long history of respecting foreign sovereign immunity. it is self-interest, we don't want to be pilloried by kangaroo courts around the world so we have a long history going back to the case from the early 1800s where a philadelphia shipowner wanted to sue napoleon's government and was not allowed to. we recognize the king can do no wrong when it comes to foreign powers. in the mid-1970s into the 1990s we started to document or create exceptions to sovereign immunity and a big one has been

intentional state sponsorship of terrorism. the problem is not so much that you can't sue libya for terrorism, it is the actual practical dynamics of a civil lawsuit, how to affect service of process, get them to concede jurisdiction of the court or do discovery with a hostile power, you're not going to get this government and lastly how to enforce judgment, you get a judgment for x million dollars it is not worth more than the paper it is on unless there's a mechanism like a superfund, to take fines from that foreign country and compensate victims or practical reality of the suing the foreign power. neil: in the case of the pan am lockerbie disaster you had 200 families involved in potentially millions across the globe that would be factored. in china, looking at that the

country has been. >> china will not make this easy, the trail is called after 18 months, any kind of full some disclosure or help from who but the new law talks about designating state attorney general's to allow them to be parties that carry the torch for these lawsuits and take the resource question out of it and encourages the federal government to work on a global agreement. might be naïve with china but to the extent the federal government can resolve the compensation system coming out of china they can stay the litigation or suspend any litigation happening under this new law so some good thoughts go into these proposed bill, nothing will move quickly and nothing is going to be easy with

foreign powers to obfuscate and keep you from knowing the truth. >> the whole process is a political mockery. we will see how it goes. an uphill battle, good seeing you, have a wonderful weekend. i don't know if you already started traveling or are in the process of packing up and all that but it is crowded out there. a lot of airlines are putting out advisories to everyone to stay calm. we will get through this forever. one airline is trying to do something, and acting a policy never enacted before to make sure people don't go nuts after this. ♪♪ [

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and vacation rentals like kayak does for flights. so it's kayak. yeah, like kayak. why don't you just call it kayak. i'm calling it... canoe. compare hundreds of travel sites for thousands of trips. kayak. search one and done. [bleep] neil: this was last week. when it was over a flight attendant telling a woman you have to put the tray table back up it led to an argument, she punches the flight attendant,

this is how dicey things are up in the air. nerves get trade. it is increasingly not uncommon. we are taking a look at a busy travel weekend as it stands to be the busiest since before the pandemic hit and trying to get a sense of what people are doing heading to airports and on those planes, grady trimble it chicago's o'hare national airport with how things are looking. >> it is busy here and a lot of travelers told me it feels like before the pandemic other than the masks and it is the mask requirements that has led to intense and at times violent moments in the sky. this altercation where a woman is seen repeatedly hitting a southwest flight attendant is the latest. the faa says there has been a massive spike in unruly and

dangerous passenger behavior, 2500 reports and the beginning of the year the vast majority of those over the mask requirements as the tsa's acting administrator told you, they are not going to tolerate any of that. >> when the plane lands, you will be placed under arrest, you face tens of thousands in fines. >> reporter: the faa announced fines against unruly passengers raging from 9000 to 52,$000, we hope this memorial day weekend people remain calm so everybody can get where they are going. neil: maybe recognize the reality that when you fly, the statement from southwest they are easing up on that sort of thing, given the uptick in industrywide incidents of passenger disruption in flight we made the decision to pause previously announced alcohol service on board, june and july.

we will proceed with expanding soft drink some coffee as planned. we realize this decision may be disappointing for some customers but we feel it is the right decision in the interest of the safety and comfort of all customers and crew on board, their way of saying when you land in hawaii, you can have booze but not on the plane. trip advisor's ceo, what do you make of this? >> it is clear travel is back especially in the us in a major way and we are excited about that. neil: these airlines taking precautions, warnings we are getting from security officials, everyone stay calm, we will work on this together. it will be crowded but we can get through this. i am hearing that a lot. >> absolutely and we encourage all travelers, this is going to

be a busy travel season, be patient, expect longer lines at airports but travel to see families, have a great time, make it safe and easy to get through the airports. neil: i am curious. this is the first time they are flying post pandemic, without knowing the process, familiarized with the process and leading longer lines, longer check throughs and all that, how bad does that get you the realization they get there early in the airport, you have to honor that because it is going to be a mess. >> it is going to be busy and that is one of the best things, emerging in the united states, people excited to go out and

travel, airports will be busy year, that is the downside. we have to wear masks in airports, stay safe on the plane. remember why you are going and enjoy when you get there. travel getting there is just the beginning of that magical vacation. neil: that is a good attitude to have and i'm wondering about popular destinations. the united states, domestic travel, dicey traveling abroad, what do you notice? >> if you think back to a year ago, everyone was going to work, they wanted to get away from the crowds, you see myrtle beach, miami beach but the cities are

coming back as you have orlando, crowded places seeing vaccinated travelers getting back to the year been adventure across the us. neil: in new york as you mentioned, hope it stabilizes and all but that is one of the post pandemic realities, it is affecting people's plans for this sort of thing. >> we want people to feel safe traveling, the population of traveling in general as more vaccination happens more tours are going to come to the us,

real dollars and businesses, with a particular issue, and my safe from covid and vaccinations on all that. neil: trip advisor's ceo, we will get through. how would you like to be hit hard by the pandemic but not hard enough, to stop the plan to help them, very refreshing update. ♪♪ ♪♪

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neil: as we get into memorial day weekend, those who sacrificed so much it is refreshing to hear some business owners who could make this easier on themselves by hiring anyone they can but their focus is hiring veterans. the owners of a vineyard join us now with why they keep that policy. good to have both of you, could be harder on you. you like hiring veterans. that is a commitment that goes beyond helping veterans but recognizing the reality that is important to recognize. explain. >> the shared values that i have, experiences with veterans

and the work ethic is really important to me and veterans tends to fit very well. i understand veterans do good work with detail and make sure everything is done right. neil: it is difficult to find workers. you want to focus on hiring veterans. does that make your job even harder and well intended as it might be that it could make things different? >> it does. we are in a rural area of north carolina so those that are interested in working in the winery it is harder to find but we are very fortunate that community college has programs

so that helps us being able to find people who are interested in this industry. neil: how is the business going? how are you doing? >> it is going very well. i tell you neighbors and people and other people want to support small business. people are coming in to support the small guy and that has been beneficial in south carolina. neil: when you reach out to veterans, what is their response? >> for 30 years, i think they are very encouraged that we support our own community and they are really happy to work with us.

neil: that service, a no-nonsense guy. it has been a rough ride for so many business owners. post pandemic, definitely -- we are close. >> i see it improving. my business from my side hasn't changed. becky manages the tasting room so her side is seen an uptick especially in the last month or so with more people getting out and want to escape but from a north carolina perspective, they can get out of the city and enjoy the nice country. neil: my favorite part is the

tasting room. they have to tell me to leave after a while. thank you both very much. it is so nice what you are doing. hopefully a lot of business will follow you. the great vineyards, they are the owners, helping and remembering veterans. appreciate it. not too shabby with all restrictions being used at all the way across the country particularly in new jersey where a lot of distancing provisions and all of that goes away. good news all. we will talk to a restaurant owner. there is only one small problem, finding help. good night syra. night, drive safe. i love you. drive safe. ok buh bye mommy. you guys ready? you sure you got everything? drive safe.

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neil: the good news in new jersey, they are lifting restrictions on masks and distancing provisions, pack of them if you have them. finding workers is still a devil of a time including for my next guest who owns a restaurant. he is right there on the beach and joins us now. good to have you. your business is strong, you have a great location but the one problem is keeping up with the demand, getting enough people. >> it has certainly been an issue. it was not as bad as it was year-round and we have a pretty stable labor force but last march 16th we laid off 700 people and any number of them decided to leave the industry.

that was part of it but what bothers me the most is the demonization. neil: we are having some audio difficulty. hopefully we can fix that. it is a popular restaurant location on the beach and does a lot of events, weddings and all that. it was affected by the crackdown on people gathering in any large form anywhere but has since overcome that. besides the large venues you can hop in for breakfast, lunch or dinner, do recommend the soft shrimp but that is a sideline but we hope to fix things. we will be back in a second. one thing we are noticing new jersey where they dropped these restrictions, not only at restaurants but in places of

worship, they still recommend that if you have not been vaccinated that you wear a mask and depending on the honor system hoping people do so. governor phil murphy has been leading this effort to get the state reopened when he held off on cdc guidelines when they first announced they were going to remove these restrictions. these cases were so worrisome at the time but is reversed that is honoring cdc guidelines we will see how that goes. in the meantime we are focusing on the great reopening going on in this country as well as the great concerns about inflation. stay with us. welcome to allstate. ♪ ♪ you already pay for car insurance,

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a lot about inflation, but a lot of you have probably seen it yourself at the grocery store where prices have been ticking up. nothing like the 1970's and i hasten to add that. the fear is it could be. and blaming the president on that. and spikes in prices have gone on longer than the trend in spending. the argument is for more the government is spending, the nor it is igniting the prices that go with it, that creates demand for limited supply. a look at all of that and how it's politically falling out. he joins us in washington. hey, lucas. >> hey, neil. nancy mace is in the country and concerned about inflation. >> we're already seeing higher prices, but this kind of spending will ensure that everybody's paying more for their houses, their rent, their

groceries, you name it. prices will go up. >> chris christie spoke about what the budget means for biden's legacy. >> his legacy is going to be he's going to be the next jimmy carter, huge inflation, huge deficits, low economic growth, high unemployment. you watch. that's what this kind of budget is going to bring to the american people. >> to pay for the 25% increase in spending, nearly $3 trillion in new taxes will be leafied, the budget includes 36 billion for climate investments, 2.1 billion to combat gun violence and 800 military to address the root causes of migration. and nancy pelosi says that the biden budget makes historic investments as our nation recovers from the pandemic and economic crisis and now is the time to launch a powerful blueprint for success. the house minority leader says

this looks a lot like socialism. >> this is what everyone has ever warned us about, that your debt becomes so large, it's more than 100% of your gdp, there's no coming back from that. this sounds like venezuela or cuba. >> lindsey graham says biden's budget is dead on arrival. obama's economic advisor like jamie dimon says there's a risk for the economy overheating and inflation, neil. neil: thank you, my friend. lucas tomlinson on that. budgets don't necessarily translate to inflation, sometimes outside factor have a far greater impact, but regardless what party you want to blame, it's a long, long time that a president admit add imbalance, you'd have to go back to bill clinton. is inflation a legitimate concern here? and is it something that we should all be watching? let's go to dan and francis

newton stacy, and sara norman, the former kamala harris campaign advisor. sara, if i can begin with you, the administration has said in this budget that it is, i'm going to keep inflation in check, the growth will be respectable and longer term it will be stunning, but it will be a rule of thumb 1.2, 1.3 trillion year in and year out. i can understand kind of why they announced this and shared this with the world right before a holiday weekend. what do you think? >> look, i know americans are feeling inflation right now, but the question is, is it permanent? and of course a lot of republicans are going to scare us about inflation just to attack biden, but let's put this into perspective. the spending that he's proposing is going to be spent over about 10 years. and the fed has confidently said they're not going to pump

the breaks on the economy to go after inflation because right now, our priorities have to be getting the economy back. getting americans back to work. and while there is going to be many so short-term inflation, i believe that in the long run, this is what's going to save our economy, update our broken infrastructure, and raise wages. >> all right. maybe you're right. about the latest, 6 trillion is one year's budget, you're quite right it goes out and trillions more. we've never seen such a big budget for a single year. dan, back to the issue whether that's what is deflationary or inflation period, is the issue that we should be looking at without pointing political fingers. often times i hear republicans lecturing on excessive spending, i feel like it would be me telling you to put down the dessert fork. it's not going to go there. what do you make of what she just pointed out here, that

that isn't the issue, that the administration isn't the issue, but inflation might be. what do you think? >> inflation is definitely an issue and if we look at what's transpired, neil, over the past year, obviously, there has been tremendous spending by both parties, so i agree with you we can't just say that this is joe biden. however, joe biden's policies, this easy money policy is the last thing that we need. the recovery is already underway, and just by what we're seeing people are able to get out and spend money. overstimulating the economy and continuing to do that on a long-term basis is going to mean long-term inflation. right now, the supply chains simply can't keep up with the amount of demand that exists. so, unless we ease the amount

of free money and free stuff that we're giving out, this inflationary period could last a long time and we could have a jimmy carter-like era. >> i don't see it, guys. and i'll defer to you as the experts, but what i'll say, francis, there's a big difference between inflation what we're seeing right now and what i can remember as just a young lad. you know, back in the 70's and 80's, i don't know if i've shared with you, francis, my wife and i's first mortgage was 13 1/2% in the 1980's. i see things a lot lower than that. i wonder if we're getting ahead of ourselves here, what do you think? >> yeah, i agree with you on that point and i agree with you on the dessert point and we're in agreement, neil. [laughter] >> anyway, no, these things are fluid and i agree with you, we're not going to see what we're going to see in the 70's.

if i could leave your viewers with one thing, these things are very, very fluid and i can tell you from the markets and investing perspectives, the markets always try to front-run these things. by the time you see prices going up and up and up and the markets are looking when the deflationary period is going to come and starting to plan for that. the thing is, that i look at inflation and deflation as a see-saw and there are many deflationary pressures coming into the system in the back half of the year. so that sort of is one argument against going where we went in the '70s. also, inflation is caused by more than government spending. it's caused by higher corporate taxes because that's going to be passed onto the consumer in higher prices. inflation is caused by corporations have to service more debt which they all have to do mostly after covid so those prices are going to pass onto the consumer, but i will say that these things are very fluid and if you look at inflation as a swimming pool, you may see that the level is

rising, but you may not also see that there's water draining out of the bottom and that is what we have and how do i know that? because we have a record amount of debt service. and if you look at the number of transactions that are happening, despite all of the spending, both from the fed angle and the fiscal angle, the transactions are actually lower than they ever were going back to the 60's, so that's one indication that we're not headed towards the '70s, neil. all right. and sarah norman, a question to you on this. i caught up with the head of the new york stock exchange, stacy cunningham, i should say, she's worried about some of the taxes coming not only the taxpayers way, but convinced a lot of folks' way and this is going to hurt, you know, american investments or at least the appeal that we have over other countries. i want you to react to this. as she was talking about this

tax hike trend that's going on, this is the head of the new york stock exchange. >> when someone on capitol hill had talked about such transactions, taxes, you know, elizabeth warren among them, bernie sanders, then you'd have to move from the country. >> well, investments certainly run the risk of moving and we've seen if you look at the top 10 ipo's the past three years, only two have happened in the united states. we should not take our positions as the primary financial markets for the world for granted because there is a risk that that investments will find access to opportunities. those are opportunities outside of the united states, those dollars will find their way there. neil: you know, sara, she was talking about the move in new york and new jersey for a while to have something called a financial transaction tax on every buy or order you make regarding stocks. she had threatened to move out of new york, the new york stock exchange move out of new york

if they ever went through with that, but she's worried about national figures like bernie sanders and elizabeth warren talking about something that because that would mean moving out of the country if done federally. are you worried that this tax push could go too far and do more harm than good? >> no, i think this pac tax pushes would be something really healthy for the country and what i've heard on your network the last couple of weeks, the top 1% they're paying 040% of taxes when they used to pay 39, that's because they got richer during the pandemic and we got poorer and the richest 400 americans are still paying a lower tax rate than the average american workers. the other thing that i keep hearing about is wages. look, when poor people complain about wages for 40 years, nobody listens. when rich people complain about high wages for two month it

winds up as a segment on the news, there are people saying things partly right. there is no shortage of workers right now, there's a shortage of employers willing to pay them a living wage despite their ability to do so and frankly i think it's alarming that we have a problem-- >> have you talked to the pizza shop owner or the diner owner? you might think he or she is some sort of a fat cat, but they've been offering higher wages and not getting any takers here. there's hardly the grey poupon crowd. >> and it seems like those sectors are still catching up. we've seen travel, you know, have a big bounce. neil: doesn't this make it tougher on them? doesn't this make it tougher on them? >> it does. and i feel for them and i want the economy to catch up quicker for them and i think that these changes that biden is proposing will help them do that. if we pull the brakes on the economy right now those people are going to be worse off for longer and frankly, i think it's alarming to argue that we

have a problem when working class americans may finally be able to make a living wage. do you know how many states a minimum wage worker can afford a two-bedroom apartment? none. after nearly 40 years of completely flat real wage growth while corporate profits have skyrocketed, american workers may finally be seeing some gains, too. i know on the short-term it's bumpy and i feel for the restaurant industry and entertainment industry taking longer to catch up, that i hope and believe will start to see recover more and more in the next few months, but right now, you know, i think the fed is doing exactly the right thing, which is they're saying they're not going to pump the brakes on the economy to slow down inflation because their priority is to boost the economy right now. neil: well, that is their intent purpose for the time being. we'll see how long that is when you see the up-tick in prices.

dan, i'm wondering where this goes. the trend-- i respect sara what gets press attention and i saw with the wealthy and investment bankers on capitol hill, particularly elizabeth warren with jamie dimon of jp morgan chase, his policies during the pandemic. elizabeth warren with jamie dimon. >> your bank collects seven times more in overdraft fees per account than your competitors. so mr. dimon, how much did jp morgan collect in overdraft fees from their consumers in 2020? >> well, i think your numbers are totally inaccurate, but we'll have to sit down privately and go through that. >> it's a public number. >> and i also want to point out that we did not-- >> can you answer my question, how much did jp morgan collect.

we did not overdraft the account and-- >> i'm sorry, mr. dimon. that was-- mr. dimon, that was not the question. >> did you-- you had an automatic protection. neil: all right. that went well, dan, of course, focusing on the overdraft fees of big banks and all that and we should-- i'm not an apologies for big banks, but they had a freezing of closing of assets during the pandemic, obviously would dwarf whatever charges are going for overdraft fees and the like in the scheme of things is relatively small. but having said that, that would get the media attention and ends up getting on news that night and that ends up getting on this show. is it a fair characterization that the banks are making a bad situation or did, worse? >> well, i think, neil, it's very easy to blame the rich and those that are successful and

that exchange that we were just watching, we're seeing a politician who is looking to capture the right sound bite. jamie dimon has forgotten more about finance than elizabeth warren will ever know so it's an unfair battle, quite frankly to start with. so she's going to look for things that are popular, like tax the rich, the rich are bad, the rich get richer off of the poor. those things are simply not true. people who are successful in business, neil, are the ones that create jobs. are we going to have everyone working for the government? we see exactly what is going on right now with the policies of the biden administration, related to extending unemployment benefits, when we simply don't need that. are there some people that do need help? absolutely, and we have to help

them. but we have eight million job openings right now. why do we have all of these people collecting unemployment? because they can. so this is the government, to some extent, back-dooring a minimum wage increase and who does it hurt most of all? small businesses and it's the wrong policy. neil: all right. well, a lot of those go away in september anyway with this extra benefit program ends. a p we'll keep a close eye on an and an eye on the border. and when we come back, that the border is shut down, and the people can't get through, just the opposite. after this. i became a sofi member because i needed to consolidate my credit card debt. i needed just one simple way to pay it all off. it was an easy decision to apply with sofi loans, just based on the interest rate and how much i would be saving. there was only one that stood out

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>> to hear the administration tell it, things are stabilizing at the border right now and we

asked can you verify that? she's there in mission, texas with an update. >> yeah, we keep hearing, neil. we keep hearing from the administration that the border is closed. well, we're on the ground here and it doesn't seem like it because it has been a busy morning for border patrol. of course it has been for months now and just this morning, a crew saw about 200 people apprehended at the one border crossing in lahoya. i want to show you incredible new video from del rio, texas. it shows the stories, dozens of migrants crossing the rio grande yesterday and an officer grabbing a baby and taking that baby to safety, the haroing -- harrowing images. neil, they could have asylum cases fast-tracked through the biden administration this week.

according to multiple reports 60 add advocatesy groups are crying foul. and the border delegation to ease travel restrictions across the border, they say it's hurting businesses in the border towns while, of course, migrants continue to just be able to cross the border. neil, as we get ready for memorial day, officials on the ground are apparently very worried about another holiday, fourth of july weekend. some sources here on the ground are telling me they're worried that title 42 might be listed around that time. the biden administration has not yet announced a timetable about title 42 on whether it would happen, whether they would list it or when they would list it.

and jen psaki, the press secretary back in april suggested that decision would depend on what health and medical experts say. and we don't have a timetable. folks on the ground is extremely worried that time is coming and then the surge is just going to explode. neil. neil: thank you very much. aishah hasnie at the border. and some that say the border is closed, make sure there's no video out there that would show otherwise.

>> all right, be careful what you say to the american people. when the department of homeland

security secretary mayorkas said the border was closed, he either didn't know there was video out there or a lot of video out there or was wrong from the start because it's not closed and we're seeing more and more evidence that people are freely getting through by whatever nefarious means they can and actually quite easily. the national border patrol council president, brandon, i'll give the secretary the benefit of the doubt maybe he wasn't familiar with this, it seems to be pretty clear, that border is pretty much remaining a seive. what do you think of it? >> i'm not giving him any benefit of the doubt. i know he knows exactly what he is going on. the problem is the mainstream media isn't covering it. he knows he can tell that the border is close and the mainstream media will tell that's what the case is. in the meantime we have evidence that it's not closed. if the mainstream media is not going to pick it up and not

going to tell the american public the truth then it really doesn't matter. neil: i am just wondering though if you can sort of wipe your hands and say problem solved and they are pointing to, you know, if you're now, you know, huddling at the border, the numbers are down from their worst levels, but they're still very, very high and that's not even, you know, accounting for those cases where minors, for example, have been moved to any one of a dozen or more cities in the country, just to ease the burden and the pressure at the border, i'm just wondering about that aspect of it, that they're celebrating what appears to be a dip from our worst levels, but these levels are still disturbingly high, record high. >> yeah, we're at -- we're on pace to shatter every single record the border patrol has ever had, in just five months, we've apprehended more than 650,000. we made more than 650,000 apprehensions. we have' had more than 125,000

got-aways. that's not a closed border, that's a border that's extremely porous and anybody can make it into the united states, get released by claiming asylum or trying to evade apprehension and again, 125,000 people have gotten away. that's an open border. neil: you know, in the defense and i hate to play politics with this as you do, when the defense is far fewer are getting through than are not, that's hardly a ringing endorsement. it's part of the thinking is a significant number are getting through, does it really matter how many are not? if it's a record number getting through? day in and day out, week in and week out. month in and month out. >> no, it really doesn't. because when you add the number of people that have actually been released into the united states. people that have crossed the border illegally have claimed asylum. they committed a crime and they've been rewarded for

committing that crime. approximately 40% of the people that we apprehend they claim asylum are being released into the united states then you add on top of that the people that have gotten away and these numbers are absolutely astronomical. again, it's something we've never seen before in the history of the border patrol. when i put on a uniform and i go out and patrol the border, this is something that i've never dealt with in 23 years in the patrol. neil: all right. thanks. the politics can often play such a part of this and you're trying to deal with the crisis as best you can. brandon judd, the border patrol council. and in washington, specifically we told you how the administration wants to get to the bottom of covid and started by getting a group of intelligence agencies together and reported that within the next three months and congress is similarly moving towards investigation on origins and

where his investigation stands, congressman, good to see you, how would yours differ from what the administration is trying to do in coordination with u.s. intelligence agencies? >> well, i don't know, neil, that it's much different, they're frankly kind of behind our efforts. you probably know the republicans on the house intelligence committee released a report two weeks ago, giving the evidence, it said this may have come from the lab and, in fact, there's pretty substantial circumstantial evident it did come from the lab. and this is not only the world, but our answer has to answer. did it escape from the lab, did china know it escaped and did they try to cover it up. neil: congressman, i'm wondering, china never acknowledges anything or helps in any way. i'm wondering how far this can go? you know, and how much you can

dredge up? >> yeah, that's a great question and the truth is that china has obstructed there's no question about that. they denied access and they actually went in and destroyed their covid samples. why would they do that? they insisted on rewriting the who report. it a fair question, but i think the answer is, we can probably determine this even if china continues to deny access or block us. there are things that we can learn and there are scientific processes we can go to that may not prove it absolutely, but can give us the preponderance of evidence that we, i think, will be able to determine this, in fact. i think we're well on our way to doing that now. neil: you know what i'm worried about, congressman, regardless how people feel about china, the fact is sars emanated from that region. it's a pretty good bet that looks likes covid did, whether deliberately or not. we're ripe for this happening

again in the future. how do we stop it in the future? >> i think that's again, another great question. people say, well pandemics, they think of them the spanish flu in 1917. well, it will be another 100 years before we deal with it. that's not true. sars was a few years ago and now we have covid and likely we'll deal with this again which is why getting the answer to this is so important. if it came from the natural source we need to know that so we can prepare against it. if it came from a lap, again, we need to know that. it's a very different problem, a very different solution set, depending what we find out. either way we need to know because this isn't something our grandchildren are going to deal with. it's something that we could be dealing with in a matter of a few years if we don't move forward in getting the information and then determining how we protect against it. neil: have you reached out to chinese authorities? >> oh, for sure. absolutely. i mean, obviously the u.s. government has, the

administration has, the who has, and it can't surprise anyone to find out that china is not interested in being forth coming on this. they're just simply not. look at their behavior. this is so important if i can make this point and indicates what we're up against. when the chinese knew they had this problem, you couldn't hike into the providence, they shut down over road, every trail while at the same time encouraging international travel. it's as if they said if we're going to deal with this, an economic impact for china, we'll make sure the rest of the world deals with it as well. i use that as an example of frame of mind we're dealing with with the chinese government. they don't want to help us determine the outcome of this, especially if it came from the lab and so, i don't think we can count on them as a helpful partner, but we still move forward. we'll continue to reach out. you know, the administration

should, the intelligence committee should as they have, other agencies, international agencies like the who. they should continue to reach out. i don't think that we can plan on china helping us. >> probably an understatement right there. congressman chris stewart, good seeing you again. >> thank you, sir. >> all right, back to big business this past weekend. did you hear that amazon a buying mgm studios including the entire james bond catalog. if you're watching jeff bezos, forget james craig, can i suggest, 007, cavuto, yeah, baby. ♪ live and let die ♪♪

♪ well, the names have all changed ♪ ♪ since you hung around ♪ ♪ but those dreams have remained ♪ ♪ and they've turned around ♪ ♪ who'd have thought they'd lead you ♪ ♪ (who'd have thought they'd lead you) ♪ ♪ back here where we need you ♪ ♪ (back here where we need you) ♪ ♪ yeah, we tease him a lot... ♪ welcome back, america. it sure is good to see you.

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the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting, get checked for tuberculosis. an increased risk of infections and lowered ability to fight them may occur. tell your doctor about an infection or symptoms, if your inflammatory bowel disease symptoms develop or worsen, or if you've had a vaccine, or plan to. serious allergic reactions may occur. watch me! get real relief with cosentyx. ♪♪ ♪ for your eyes only ♪ >> that's right, america, there's a new 007 that can be for your eyes only if, if, if jeff bezos plays his cards right. i hope you're listening, he is yours truly. because amazon a buying mgm and the james bond franchise and

waiting to see if i indeed get the part and is this another sign that big entertainment is back as more americans get out and about? let's go to porter. the bible on all things media, the media tech partners. good to see you. >> thank you, neil. neil: i didn't see this one coming. it had been teased a little bit and amazon and mgm deal. what does amazon get out of this? just another streaming effort? they're a part of a very crowded field. what do you make of it post pandemic? >> it's the long game for amazon, but let's stick with james bond and neil cavuto now. my sources tell me that you're not actually up for the james bond remake, they're looking at you as the next rocky since sylvester stallone is not going

to do another rocky film. neil: and that was the second one, it was done this way and that, of course, became a cult item, a collectors item. enough about me and what happens now. porter, kidding aside, what is going on? people are getting back to the theaters this weekend and restrictions will be lifted, we're told. and the demand is strong. you know, people love their movies and fewer of the movie houses are going to be streaming them, bringing them directly to theaters now. so what are we looking at? >> well, we're looking at the first serious stage of the streaming wars because, yes, people will flock to the theaters right now, but time warner and most of the other studios are going to start streaming the theatrical features that they play in the theaters much, much quicker, the day in date window used to

be 90 days and now it's going to be more like a week and that's because the audience is on the internet and streaming, not going to movie theaters, not watching network television or what the industry experts call legacy tv. the cord cutting is going on apace. the demographics of tv viewership has shifted very radically towards the over 16 year olds and 18-34's that advertisers want are all on streaming, they're not anywhere else and amazon is right now spending maybe eight or 10 billion dollars a year on creating content while their competitors, disney and netflix and the others are spending significantly more. the price that they paid for the mgm library is unquestionable too high.

you could have bought it in december of last year for half the price that amazon paid, but they -- if you're 1.3 trillion dollar company and you have so much cash you don't know how to spend it, the price that they paid is nothing to them. what they got was 14,000 movies, 17,000 television shows. they got a huge library of content that can be repurposed and redeveloped and reconstituted for the 21st century. jeff bezos knows that he's got a winner in amazon prime. right now he is tracking netflix, the market leader in streaming. he will probably exceed netflix in the next 12 months in terms of u.s. subscribers. disney is on a very fast track, too. the big issue is, there are over 50 streaming services available to u.s. customers

right now and the issue is, who and how many of these are going to survive over the next couple of years. my guess is that they're-- >> yes, think about it, porter, to your point, i could see the popularity of all of these, you know, streaming services in the pandemic we're all home and doing that, but now we've got an announcement out of-- you know, people are going to go back to concerts, going back to theaters. there might not be as much of a demand for this sort of thing because, you know, we're breaking out of our homes and they all could be behind the eight ball given what they've experienced prior. what do you think? >> you can certainly expect the growth of streaming to slow down, certainly, for the next six to 12 months, these people come out and a lot less time in front of their tv screens, but

long-term the media has become a technology business, it's not any longer an entertainment business. and the big tech companies have the control of the internet and that's why streaming is going to be the main pathway that we all use to entertain ourselves. and the big issue right now is who is going to survive in the streaming wars? first fatalities are going to be the minor -- the unfunded streaming services. one of the reasons that mgm decided to sell was because they can't exist as a stand alone. i think you're going to see cbs viacom be the next target and what you haven't seen yet from what microsoft is going to do, they're going to get into the streaming business because they have 50 million u.s. xbox users

and very little, if any, content beyond games. neil: all right. so we'll see. porter, thank you very much. great catching up with you. very good catching up on you and good insight into this. in the meantime here for those of you who doubt i have any sort of impact on jeff bezos' decision and jeff bezos, if you're watching. then i wake up. we got confirmation kate middleton has gotten her first dose of the covid-19 vaccine, she got it yesterday, but video of the images are coming in today. 39-year-old princess, i think she's a princess, of course she is, yesterday received the first dose at london science museum and grateful to everyone for being a part of the rollout. she had no comment on the possibility that i could be the next james bond, but maybe that was on pace, too. [laughter] ♪ ♪i've got the brains you've got the looks♪

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>> all right, it's time for the weather and as james bond, we're focused on the rain, nasty, nasty rain. rick, what's going on? >> yeah, how about 49 degrees in new york city on memorial day weekend. that's what we're looking at. 49 really chilly across much of new york, really, much of new england and warm across parts of florida and that's kind of the only warm spot that we have. cooler air settled in across parts of the plains here for the unofficial start of summer and that's why we call it the unofficial start and not the official start because you don't always get summer weather. here is the participation, southeast pretty good. and florida looking good and showers died off before we got there. take a look at the moisture started raining yesterday. a lot of rain today and a lot more ahead for tomorrow and even into monday and later on throughout the day, we will see this built in across the outer

banks. a stormy day, if your plan is beach this weekend across the outer banks. monday, a rough day today. a little bit of a break in new england later on today, but by the time we get in towards the overnight hours towards tomorrow morning, really heavy rain beginning to pull back in, that's with us throughout all of the day on sunday. into the day on monday. by monday afternoon. a little bit of improvement. and i am he giving you the bad news and buffalo just into the 50's and 60's across the area as well. we're warm across parts of the south and we're going to watch or really big heat that builds across areas of the west. and heat advisories across parts of california and not great news because things are so dry and the heat will exacerbate some of the conditions we're worried about this season for fire season. take a look at this, this is your memorial day

temperature-wise, cool across the central plains into the 60's and parts of missouri and into kansas and still across the northeast. so, got to wait a little longer, neil, for summer. neil: got it, my friend. thank you very, very much. reich -- rick reichmuth. and from rick we go to the chef and how to plan and cook around higher prices after this. ou. switch now and get 2 unlimited lines and 2 free smartphones. and now get netflix on us. it's all included with 2 lines for only $70 bucks! only at t-mobile. ever notice how stiff clothes can feel rough on your skin? for softer clothes that are gentle on your skin, try downy free & gentle downy will soften your clothes without dyes or perfumes. the towel washed with downy is softer, and gentler on your skin. try downy free & gentle.

>> you know, you've been hearing about a lot of food prices going up and making grilling more pricey this weekend. jeff rob is back with us, one of our favorites on the show.

and his beautiful daughter with him. good to see you, honey. chef, help us, a lot of people are looking at higher prices and don't know what they're going to do. how do you play this? >> thanks for having us back again, neil. dealing with inflation right now, you've got to be very careful about the beef prices, chicken prices and prices are through the roof. what i did, i raided my freezer. whatever i had, i purchased a while ago, a couple of months ago it's in the freezing, defrosted a bunch of stuff and that's what i'm serving for memorial day. so the next couple of weeks is going to be tough. it's going to be straight through fourth of july. i don't forsee any of the beef, chicken, a lot of the produce prices going down anytime soon so right now, my number one tip is raid the freezer. i've got some grilled lamb chops here, so i had some lamb chops in the freezer, defrosted them. an orange glaze with some caramelized oranges.

neil: wow. >> and a grilled chicken skewer. so chicken prices are high, but not through the roof. and chicken thighs or chicken breasts, and veggies, local prices are up, but not through the roof. so you cook some vegetables in with the chicken and you're going to be good to go and spending less money. another key right here is buy in bulk. if you buy in bulk, you're spending less per pound. so if you've got a bunch of friends you know they're going to have people over, going to have a party, a barbecue, get a -- go to the big price clubs and buy some in bulk. neil: burger prices have been moving up, too, beef, that's part of the thing here. i can't imagine people having a barbecue without burgers. >> if you having a burger-- >> usually for my guests i get tiny little burgers. how do you advise they handle

it. >> i don't believe you, but what i would do i would buy the burger meat in bulk and space out your meals. you can make smaller burgers, like i said, you get bigger portions of burger, get burger portions and throw some vegetables and other stuff in there. and the vegetable food prices are not as affected as let's say the ground beef or the steaks or anything like that. buy in bulk. neil: what about italian sausage, that should be a staple on every american stable, but how are those prices? >> i tell you, you can get the wholesale 3 to $4 a pound. it's up. it's not going to break the bank, everything is going up. there's nothing -- i tell you what, if you go and you look at chicken legs, chicken legs are pretty moderately priced, but you think about it, the labor involved in getting a chicken leg not to be too graphic or

turk leg is less intricate than if somebody butchers an entire cow or a chicken breast. neil: i'm picturing that in my head, so glad you left me with that image. i'm wondering, how do you help people, it's going to rain in the east coast and all, and you've got your grill and people get bummed out about that. how do you handle the rain? >> it's tough. as long as there's no lightning and you're not dodging -- you set up and you're still going to be want to gather outside just to maintain safety and you're going to have to go inside a little bit. the rain and cold weather is going to shorten your party and makes things better for you, so it will get you quicker-- >> that's right, they have to go. look at the time, guys. chef rob, great, and your beautiful daughter. thank you, honey for keeping an eye on dad.

i like what he said about raiding your refrigerator. i want to raid your refrigerator and take what's in your home and nothing for your beautiful daughter. and let's remember who it's for and made it possible those in the service past, present, future to make it easy for us to grill and have fun. that will do it here. lower interest rate. my principal is going down. sofi is a place where you can start to tackle those money goals today. compared to where i was three years ago, i'm kinda killing it. ♪♪

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they give us something to eat when we drink beer. planters. a nut above. >> honoring those who made the ultimate sacrifice this weekend. the marine corps memorial in arlington, virginia right across the potomac river in washington. and welcome to a memorial day edition of fox news live. i'm griff jenkins. >> i'm alicia acuna, we'll have much more and how people are paying