it's his father's day present to his dad. pete: his dad loves the accordion. rachel: let's go. will: rick, take us out. ♪ ♪ [inaudible conversations] >> happy father's day tomorrow, everybody. pete: father's day tomorrow. ♪ neil: the 2024 race is on. of course, it's always been on, but it's, well, picking up a lot of speed, and we're not just talking about republicans. president biden making his first campaign stop today in pennsylvania after getting a big boost, and i mean an historic, very early boost from big labor. but is everyone from his own party onboard? some progressives said to be looking for more biden challengers while others are worrying about a third party one. and don't look now, another republican jumping in the 2024 ring, miami mayor francis suarez

joining the crowded field. is there room for another candidate from the sunshine statesome with him there are three of them. we'll can him. welcome, everybody, i'm neil cavuto, and this is "cavuto live." i hope for dads tomorrow's a great day. in the meantime, fast-moving political developments. lucas tomlinson. >> reporter: good morning, neil. president biden departed for philadelphia for his first re-election campaign rally, as you mentioned. hopefully, the traffic situation is okay after that mess on i-95. biden removing this endorsement from some of the largest labor unions in the country. it's the earliest endorsement from the afl-cio in history. here's the president. >> we are a democracy, and so we've been engaging our members, listening to them, and they want someone who will stand up and fight for them. and that's exactly what this president has done. he said he wants to be the midwest pro-union president when he took office, and he has absolutely delivered.

>> reporter: that's a full-throated endorsement, neil. rfk jr. trying to do what ronald reagan attempted in 1974, neil -- 1976. reagan came close to beating gerald ford, only lost the new hampshire primary by 1500 votes. he later won the north carolina primary. now perhaps this is one of the reasons biden doesn't want iowa and new hampshire to kick off the primary season. let's check in on the president's approval ratings which remain underwater since that hasty withdrawal from afghanistan. biden's actually only at 40% right now, about a # 54% disapprove. that's actually an increase from that 36%, neil, the you remember that abc poll a few weeks ago. in terms of challengers, about a quarter of all register thed democrats prefer someone else, neil. now, people raised eyebrows when president biden said the following yesterday in connecticut during a speech about gun reform. >> a lot of you are tired,

you're tired -- >> >> [inaudible] >> i get it. try being 110 and doing it again. [laughter] all right? god save the queen, man. >> reporter: nobody seems to though what he meant. we have not heard from the president yet, perhaps later, neil. neil: you're a great student of political history, has the afl-cio ever endorsed a republican? i know the national border patrol council did with donald trump in 2016, but i couldn't remember for the life of me whether the afl-cio itself over these many, many decades on a national level for president has ever endorsed the republican. >> reporter: ah, national level. i was going to say brian fitzpatrick, a republican congressman, but i knew you were going to ask this question, neil, and i could not find any example of the afl-cio endorsing a republican for president. they've been around since 1955. neil: amazing. you are an encyclopedia, my friend. lucas, thank you very much is.

lucas tomlinson. in the meantime, let's focus on how democrats are planning or for, you know, bind's first political foray -- biden's first political foray in philadelphia. we've got the messenger chief white house correspondent. amy, much is being made that democrats, you know, they're setting their sights -- it's joe biden, see him as the likely nominee, but a good many of them aren't pleased with that choice or the fact that no debates are planned. how much are we to make of that? >> i think there is something there. i mean, i'm hearing more and more that from sources that people do want to see a debate. if nothing less, than to kind of prove, for biden to prove himself and get ready for the general election. a lot of people are still he's a weak debater, a lot of people know that, and they want to see him out there more. and they want to see him out there more in general which is why i think you're seeing him out there today to the. there was a real push from

people inside the white house, in the campaign to get going, and democrats also want to see him out there. and so you're seeing him really try to go on big fund raising streak, he's hitting the campaign trail, but he's trying to do this rose garden strategy where he'll be kind of above the fray and won't be hitting the campaign trail so hard until the fall fall. neil: you know, i'm curious about that strategy, meredith, because jimmy carter had a tabak at the white house, don't join the fray. we know what happened to him in the 1980 re-election campaign. but i'm just wondering, part of this rumbling we're hearing about democrats that the president's playing it too safe, and he's not in a position to play it so safe. >> well, his poll numbers have not been great with. i think the rise of robert, rfk jr -- and i'm not sure how much of that is in part due to familiarity of his last name and just voters' desires to see

somebody else on the ticket too. and it would, it seems, benefit him if biden would get out there more as amie was talking about. some of the emptiness behind the scenes for him to put himself out there and start campaigning more in full force because that was something that republicans really tried to hit biden on in 2020. obviously, that was during the pandemic, but getting him out there on the campaign trail more. neil: you know, guys, if i can switch to the republican side, as you both know, miami mayor francis suarez are joined the race. he is the third floridian now in the race if you look at ron desantis, the governor, of course, donald trump hardships. but he parts company with both those gentlemen, and many within the state part company with mayor suarez. i want you to respond to this when he was on with me earlier this week. >> the misconception was, you know, that i supported andrew gill lam. i didn't support andrew gill witham, i didn't endorse him -- neil: but you voted for him,

right in. >> i voted for him. i voted for him, and i'll tell you why,ing i gave money to ron desantis in that primary, the same primary where he said of president trump that, you know, he helped him when it wasn't smart to help him. and you know what? i never got a phone call saying thank you, i never got a follow-up, hey, would you like to support me, endorse me, there was no relationship built and, frankly, he lost my city by 20 points. neil: people, in the miami-dade area were critical of him saying you have a ceremonial job, and one of the other issues that had come up, amie, was the two times he did not vote for donald trump in 2016 or in 2020. i believe in the case of ron desantis, even though he didn't vote for him in 208, he did the second time. but, again, the issue of party loyalty came up and whether he's really on the same playing field. what do you think of this back and forth? >> i mean, it's a big issue for him, clearly, and he has some unpopular -- i mean, he's not

the most popular guy in general there by a long shot, i think. i think that this candidacy is almost like a vanity candidacy. i don't know what he, what his game is here other than to try to maybe compete for vice president or get his name out there. no one really knows exactly why he's doing this, neil. [laughter] neil: you know, meredith, i believe your fine publication looked into the oddity of i think donald trump not saying anything one way or the other about the florida mayor entering the race, and it sort of got tongues wagging as to maybe whether that was a strategy here, something that would hurt ron desantis the, help donald trump. i think i got the gist of that right. what do you make of that? >> well, donald trump and his advisers have been very outspoken about the fact that the more republicans get into the race, get into this field, the more it seems to be to his benefit. we've seen that as each new republican gets in, it does seem

that it hurts ron desantis more than it's hurt donald trump who continues to lead by double digits in almost all of these polls. i do think there has been some chatter about the miami a mayor. kellyanne conway, one of trump's top former advisers, you know, had floated him as a potential vice president. so there is chatter about him, but, you know, it seems that the more crowded this field gets, it really does only seem to at this point work to trump's benefit. neil: yeah. and i don't want to read too much into it, amie, but i always like to wait for a reaction from the former president when he makes his latest challengers. and to my memory insofar at least i haven't heard him say anything critical of mayor suarez are. i don't believe he said anything critical of tim scott either, south carolina senator. but you usually, you know, save

the gun powder or his campaign ads for what he deems or his campaign deems to be serious threats to him. so what are we to make of that? >> right, exactly. he doesn't deem the mayor as any sort of threat, and he hasn't come after the former president in any way. you know, if he did, if he took a shot, if he made some kind of comment about the indictment, you would maybe see him fire back, but i don't see -- i don't think he views him in any sort of threatening way. and if anything, he sill views the -- still views the florida governor as the beggest threat to his campaign. and i think you're going to see him kind of train his fire on the governor there instead of the mayor. neil: yeah. and that's a fluctuating situation there as desantis has lost a little bit of oomph, chris christie's emerged with a bit more. it's always changing. amie, meredith, thank you very much. we'll be updating you on the

campaign and certainly with joe biden many in philadelphia later today as well. in the meantime, you've probably heard about this serious hacking incident if now actually involving ransom and charging ransom right now to our department of energy. but it was the why, this attack affected a number of colleges and universities, a thurm of government departments -- a number of government departments, tens of thousands, some say hundreds of thousands of individuals caught up in it. what's going on with it after this. ng great deals on everything you need to take on any project this father's day. shop our father's day deals in-store or online today.

neil: all right, i don't know what's scarier this latest news of a massive cyber attack affecting all of these institutions from the department of energy to office of personnel management, university of georgia, johns hopkins, or the fact that it gets sort of a shrugged shoulder reaction. we don't know all the culprits behind this, we suspect it's coming from russia or a group connected to russia. let's get the latest now from

lisa garre v.a., cybersecurity attorney. it's odd that these keep happening even though they keep happening, but odder still that we generally. >> shrug our shoulders at it now because it happens so often. what do you think? >> i want us to not shrug our shoulders at this, and my hope in speaking with you is we won't anymore. you're exactly right. s this is a cold war that has heated up for many, many years. the russian organization behind this series of attacks has actually been around since 2018, and international law enforcement has gone after them, successfully at one point, then they go underground and they remerge even more powerful. and they've gone after organizations in the u.s. federal government, state government, private sector, health care, academia, and they're also going after many of our allies in the e. e.u., they are dangerous, and they've taken advantage of a vulnerability and a very common piece of software. the software companies' actually based in the u.s., but they have headquarters around the world. and, unfortunately, they have a

series of three massive bugs since the end of may that russian ransomware group was able to take advantage of and get into various systems. neil: you know what's kind of, maybe chutzpah's the word, but to demand ransom from the u.s. energy department, in other words, if you want things back to the way your computers wereing you have to pay us. now, some companies small to large do that. what do you tell the department of energy, some of these other entities including nova scotia and the government that had been swept up in this? >> well, the u.s. government policy is to never pay the ransom, right? except the way that this specific russian group acts, which is called clop for some reason, they expect millions of dollars in ransomware, and they will actually exfiltrate, steal the data, and they will blackmail organizations with it

until they pay up. and what we've been seeing on the dark web is that more and more names of organizations and federal pieces of the government and state pieces of the government are coming up on list. even though the u.s. standard policy is not to pay, some of these organizations can't afford to not pay simply because they have to get back up online, and the types of information that's being stolen is inherently super private. we're talking health information, numbers, even banking information too. and when they're going after u.s. government agencies, the concern is not only are they asking for a ransom, but this russian group might be sharing that intel with the russian government and most likely they are. neil: so how do we stop it when we keep dealing with it? >> this is the question. and biden has made these very strong statements over the past couple years. we certainly have the money and the resources. the u.s. cybersecurity capabilities are very high, and we have been on the offensive as well. we're certainly carrying out attacks against some of our

adversaries too. the question is a very delicate balance. we don't want to upset too many parts of the russian government or the chinese government. think back to some of the major hacks the u.s. has experienced, right? solarwind, we have the supply chain attacks that happened a couple years ago, these are all by adversaries where we have these cybersecurity, cyber attack the, wartime programming going on for years. so it's really a delicate balance not to upset it too much. but in this case, we have academia, health care, government agencies at the state and federal level are, we have to act. and and it's important to have a strong stance here. neil: you kind of read my last question for you, the coincidence of these attacks on what seem to be various institutions, department of energy, a major bank, we could go on and on on to talk about it, major energy if concerns, shell, but that that they were all targeted within a 72-hour period, i think. what's the strategy behind that just on the part of the hackers

or to say we can do that or -- >> this is -- [inaudible] this is how strong we are. this is how efficiently we operate. they're not even sending out, it sounds like, individual messages to each of these companies. her saying check our list on the dark web and then you have seven days to get back to us with payment, and they're having these private chat rooms on the dark web with these companies. and the question is how quickly can these companies get back online, function again, and while the software company that was breachedded that had these vulnerabilities has offered guidelines and a patch, it's not the easiest thing to do especially with government systems that maybe are quite a few years older, they're separated, they're segmented. you need a good team that knows what it's doing to even implement these patches. neil: it is scary stuff. you've been warning us about it for years now, he's saw. he's saw garber. if we get more details, by the way, we were getting reports early that the names and

institutions we listed were just some, this could be many, many more. but sometimes it takes an organization to reveal to authorities that they've been hacked before we know for sure they've been hacked. all right, in the meantime, right now if you're down south, you've been dealing with some very nasty, damaging, threatening weather. let's get the latest from brandy campbell in pensacola, florida, with the fall fallout from all of that. brandy. >> reporter: neil, the panhandle of florida has been shaken up by severe weather over the past few days with a potential tornado, flooding and multiple res cues. i'll have more after the break. my brain. so i choose neuriva plus. unlike some others, neuriva plus is a multitasker supporting 6 key indicators of brain health. to help keep me sharp. neuriva: think bigger.

neil: all right. down south, of course, it's been very threatening, dangerous weather, and it's not entirely over. brandy campbell in pensacola,

florida, with an update on where things stand. hey, brandy. >> reporter: hey, neil. the past couple of days have been pretty crazy out here in florida because of the slight risk of severe weather we have had, and it continues. you can see an example of that just behind me. we have some damage from a potential tornado that occurred. but before we get to this, i want to show you guys some is incredible video from the escambia county sheriff's department. this is body with cam footage showing when a deputy went to help a man trapped in rising water. he saw the man go underwater, went to help him, but he was also sucked under into a drainage pipe. for about 30 seconds they were carried 100 feet under a 4-lane highway before restatussing, both lucky -- resurfacing, both lucky to be alive. >> [inaudible] can you believe what just happened to us? can you believe what just happened to us? [inaudible conversations]

>> oh, jesus. it suck me in. >> reporter: just chilling to watch that. flooding occurs across the county calling for over 200 rescues, many from a flooded apartment complex in pensacola displacing residents to a shelter. one person also killed when a tree collapsed on their home, trapping them underneath. here on the beach the national weather service, they will be coming here this morning to go ahead and do surveys on this location. as you can see, there's some damage just behind me. this is near condos. they say they have high confidence that there was a tornado just going off of the rotation they saw on the radar. i met a resident here. he said he also was home when it happened, saying that his condo was shaking for about three minutes and raining for a couple of hours. so we'll wait for the details on that tornado confirmation here in pensacola. neil? neil: thank you, brandy.

in the meantime, it didn't only disrupt that region, but travel throughout the united states. not helping the matter in the middle of all of this is there's such a demand for a air travel period, just getting on a plane is difficult and finding a pilot for that a plane has gotten difficult. there's a push right now to raise the retirement age for pilots from 65 to 67. i had a chance to catch up with louisiana republican congressman here, garrett graves. his middle name is neil, i'm always confused by that. he was on this push to go ahead and raise the age but with some caveats. take a look. >> having this artificial retirement the age at 65 years old, it takessed good, healthy, mentally fit pilots out of the cockpit and forces them into retirement. we have a very robust medical and mental fitness process that pilots have to go through on an an yule basis. we need to rely upon, trust the

integrity of that process and insure that we have enough pilots and not forcing them to retire prematurely. neil: all right. i want to go to kyle bailey on this, finally meet him in the flesh. very nice guy and he also knows of what he speaks, a pilot himself, former faa official. kyle, great to see you. >> nice to see you. neil: big demand for pilots right now. is this the solution? >> it's not really the solution. the bottom line, it's only a 2-year increase from 65 to 67 years old. they did this back in 2007, actually, they raiseed it from 60 to 65 years old. so now there's a similar push. you know, the underlying issue here is after that horrific air crash many, many years ago, they changed the requirements for the co-pilot on airliners that you need 1500 hours of flight time, and airline transport license -- neil: was that the buffalo -- >> yes, the united express crash in buffalo. neil: got it. >> and since then it's very hard

for these young pilots to get 1500 hours' flight time before they get hired with these airlines. and the airlines have these programs and flight schools, the bottom line it's very hard for these young pilots. neil: in the meantime, you hear not only shortage of pilots, but a shortage of faa inspectors just keeping track of the planes. that sounds like a double whammy there. >> yeah. it's the perfect storm of everything. and, again, during the pandemic these air traffic controllers, they weren't doing the onboarding and the very thorough training process, so they pretty much had to put a pause on that so we have a shortage of air traffic controllers, and we have a shortage of pilots. and then on top of that, i mean, the general public now is just spending like crazy, spending money -- neil: what do you make of that? it defies all this recession talk, we're going to hell in a hand basket. what's going on? >> yeah. we had the pause just a few days ago on the fed rate increase,

but the people are just out there spending like crazy. you go into a restaurant, 5:00 is the new 7 p.m. at nighttime. so it's pretty much -- neil: i wonder what the early bird special is now, 2 p.m.? yeah, that would be 1 or 2:00 now probably. [laughter] neil: bottom line, it's a strong of -- sign of strong consumer demand. that's dynamic. it's a good dynamic, i guess, to have, but it obviously pinches an industry. >> yeah. i mean, the planes are jam a packed, the pilots are working extra hard, everybody is. passengers are still getting from point a to point b and, yes, obviously there are disruptions. but, i mean, i see this scenario playing out probably for the next year and certainly through this busy summer travel season. neil: i knew if you were coming, and i wanted to ask you about this trend where a lot of people are now wearing the clothes they want to take rather than get charged up to $75 for the first bag. i was talking to one woman who's

become famous on tiktok and some of these social media sites where she had a week's worth of clothes on a vest. she could pull that off because she's a small, slender woman. i put tomorrow's suit on, i'm doomed. so i'm just wondering, what do you make of this trend? she's not stopped at security, obviously, maybe spends more time going through every pocket, but desperate times, desperate measures? >> there are some airfares as low as $37 out there i've seen, so really like the baggage costs more than the ticket. neil: right. >> one little trick if you really want to be clever, you could probably send your stuff ups ground, maybe it's cheaper than paying those extra baggage fees. neil: you could also fly commando, but this is a family show, so probably a bad piece of advice. >> happy father's day, by the way. neil: to you as well, my friend. good luck with the early bird special. in the meantime, inflation, is it a threat or not? we pick apart the numbers and

you decide. because as kyle just pointed out, if it's stopping consumers, sure has a funny way of showing it. after this. >> you look at the airfares, just hotel costs, everything is sky high. >> gas, groceries, cleaner, name something has went up in price. your wyndham is waiting. ♪ when bucket lists need checking... points need redeeming... work trips need crushing... or anniversaries need... celebrating? no matter who you are, where you're going, or why. with 24 trusted brands by wyndham to choose from... your wyndham is waiting. get the lowest price at wyndhamhotels.com

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>> when i go to buy groceries, i can't believe in the small amounts, how much it costs. >> if you look at gas prices, you look at travel costs, food costs, go to retail stores, everything is way too too high. >> it costs as much to buy groceries as it used to cost to go out to dinner. >> something's got to be cut back because it's no longer in the budget. >> it doesn't feel like inflation is cooling. neil: we thought if we had the backdrop of that very calming, almost spa-lake music in the background when they were -- spa-like music, it would kind of make the bad news, you know, seem more acceptable. i'm paying through the nose but i'm okay with it. bottom line is inflation has slowed, with but not nearly enough to satisfy most americans. the retail numbers are about half what they were a year ago, they're still very, very high, still way beyond what the federal reserve wants to deal with, so they have to come down a lot more to stop all those interest rate increases. but in the middle of that, you have americans trying to adjust.

lydia hu has more on that. >> reporter: the white house claimed this week that inflation is falling, but what's actually happening? inflation is still increasing but at a slower pace. and that does not mean prices are falling especially since inflation is cumulative. consider how inflation is compounded year-over-year. take, for example, cereal. prices are up 9.3 percent over a year ago, but a year ago prices for career y'all were up 12.8% concern cereal were up 12.8%. that means cereal prices remain more than 23% higher over two years ago. there's similar math for staples like butter and margarine, up 9.2% over a year ago but up more than 29% over two years ago. and bread up 12.5% over a year ago now, up more than 21% over two years ago. but not only are prices up, our

wages are not increasing to keep up with increased prices. inflation has outpaced wage growth going back to april 2021, just a few months after biden took office. economists say that is effectively a pay cut. >> most workers are, in fact, sort of worse off financially now than they were a year ago, and that is going to drain consumers' wallets, it's going to drain their savings and ultimately, i think, will hit and harm spending. >> reporter: so far consumers continue to spend, but they're doing it on their credit cards, and there's growing concern it's not sustainable as credit card interest rates surpass 20%. back to you. neil: yeah. they don't budge, those rates. thank you very much for that, lydia hu. i want to go to scott martin, king's view asset management cio, very smart money guy. if you don't mind, scott, i'd like to veer more into the politics of this. i usually do don't do that, but i have a method to my madness.

with inflation becoming off its worst levels and subsiding, that's the hope at least, the white house is clinging to that as the president arrives right now in philadelphia, that was not happening to jimmy carter when he was running for reelection in 1980. in fact, inflation was worsening. the uptick was getting much, much more nasty. and we know how that worked out for him. but could the opposite be benefiting joe biden? in other words, if we're coming off where wholesale and retail inflation is half of where it was a year ago and continuing to go down, job gains continuing to go up, that gets him 17 months to keep that going. and by then we're saying what inflation, what do you think? >> and that, neil, becomes the lead narrative. it goes to show you, my friend, how if the government just gets out of the way and doesn't try to i affect the economy as they usually do, inflation actually takes care of itself, the free markets operate. yeah, biden has something to

stand on here, but more of the fact he's been out of the way as far as his government policies. as lydia pointed out, inflation has come down quite a bit, but it's still very high, and consumers are feeling it everywhere. neil: you know, it's interesting when they do polls on this president, of course, overall his poll numbers are worse than any prior white house occupant. i was surprised to see just the breadth of that even with the so-called improving economy. now, obviously, people have to feel it. we realized ironically in 192 we were coming out of a recession that was bedeviling george h.w. bush, george bush sr., but he still to bill clinton because people weren't feeling it. what do you think about the difference this go round? or too early to tell? >> folks have definitely felt if it at different times, neil, and i think the tough part that biden has ahead of him is that the inflation is everywhere, food, shelter, apparel, travel. so if you try to avoid is it in any part of your life, you really have failed in doing that and you've felt higher prices. biden's going to have a tough time explaining that way, but i

think the trend is his friend, and you have the federal reserve maybe at their last stop as far as their last interest rate hike, maybe coming up in the fall maybe a couple more, but it goes to show you that the economy's functioning pretty well and will likely take care of itself going forward. neil: by the way, as the president's making his way to his motorcade, john fetterman is with him, the pennsylvania senator. you have to admire him, he feels some come pulse to dress -- no compulsion for the president. went you're a united states senator, you can do what you want. anyway, let me get your take on where this race is going and the backdrop of the economy. and i'm wondering the solutions that the candidates are pushing to make things better. the hands-off approach this administration has with the fed, fingers crossed that it's not going to overdo the tightening, but do you buy that, that the fed could destroy all this by

overcoing the tightening even with the pause and the hint that more rate hikes are coming later this year? >> yes, i think they have overdone it, neil. and that's really the challenge the fed has. if they do these interest rate hikes or cuts and wait to see the impact, they've not done that this time around. they just kept pumping the gas pedal on the interest rate hike through the last ten meetings except for the most recent one this week. it goes e to show you the economy and the fed do dance together, but they're not always on the same dance floor in the respect you've had the stock market doing very well vis-a-vis the rate hikes, but it goes to to show you too the markets love liquidity, low interest rates, and they loved what the fed had to say this week because of the fact they didn't hike interest rates and promised more coming down the road, and that's only if the data stays hot on inflation. neil: the backdrop as well on this inflation news, the markets tanked on the notion there were

going to be more rate hikes to come, but when all was said and done, we had a winning week. for the s&p right now, higher for five straight weeks, nasdaq, eighth straight week. this market seems to be more than climbing a wall of worry, it's jumping over it. >> i think's typically what we see in times like these when there's so many haters with respect to what the markets and the economy were going to do this year, and they've done almost the exact opposite. a lot of folks that had cash on the sidelines, rewhrnsing portfolios, even at our firm we're adding to some of the more growth areas as they start to come back. you had that money on the sidelines chasing these higher prices, and then you mix in the a.i. craze, get past that banking crisis we had in march, and you've got a recipe for higher stocks, i believe, for the rest of the year. neil: all right. i want to talk more about what dads can expect, you're a young dad, i understand your kids are trying to pitch in to get one share of nvidia stock, but that's coming up later. scott martin, very, very good

read of all things markets. meanwhile, if you're finding college costs out of control, there might not be an automatic reprieve from the supreme court that is still weighing the president's loan forgiveness for about, well, $400 billion worth of college student loans. but both parties are scrambling to come up with their own fix. we're on that after this. honestly, i saw it on sale and i was a- broke grad student so i like a sale. i think it was a good gift. it blew my mind. give ancestrydna®. now on sale for father's day. my most important kitchen tool? my brain. so i choose neuriva plus. unlike some others, neuriva plus is a multitasker supporting 6 key indicators of brain health. to help keep me sharp. neuriva: think bigger. the chase ink business premier card is made for people like sam who make...? ...everyday products... ...designed smarter. like a smart coffee grinder -

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what i hope you'll get from studying genesis in this course is a deeper appreciation of the biblical insights with regards to the human person, psychology, our predilection towards rivalry, but also reconciliation. sign up for the genesis story free of charge at learnfromhillsdale.org today. neil: all right, it could happen next week when we hear from the supreme court on whether yea or nay on the president's $400 billion plan to forgive a lot of kids' student loan debt. in the meantime, both parties are trying to work together, sometimes separately, to come up with an alternative. hillary vaughn with more from washington. hillary. >> reporter: well, neil, republicans are not watching and waiting for the supreme court decision on biden's student loan bailout to try to save students from taking on debt that they can never bay pack. -- pay back.

>> the biden administration's proposal merely transfers debts to taxpayers, but it does nothing to address the underlying issue which is people making poor choices. >> reporter: they say the proposal helps students not get stuck paying for a degree not worth the price tag. tallying up for students how much monthly payments would be, how long it would take to pay it off ask also forecast how much money they would make with the degree they are paying for. it also would put a cap on federal student loans that they say feed the beast. >> the last 35 years have shown that a government blank check to the universities, to the universities, has made problems worse. >> reporter: while the fate of biden's student loan relief hangs in the supreme court, on capitol hill democrats are renewing their push for free college. senator bernie sanders and congresswoman jayapal pushing free college for some families. is it really free? >> well, it is really trying to insure that families, the

majority of families earning up to $125,000 for an individual or $250 for a family are able to access higher education. ing. >> reporter: one estimate from the education data initiative puts the price tag of the plan at $700 billion. paid for by new taxes targeting wall street including a .5% tax on stock trades. >> thanks very much. >> reporter: -- average american's saving for retirementsome. >> what people say that? if people on wall street, thank you. >> reporter: progressives will be pushing for a plan b with if the supreme court do does not rule for biden. some say they could use the higher education act to do it, that gives the education secretary the ability to collect debt, so some argue that also gives the secretary the ability to cancel it. neil? neil: hillary, thank you for that. in the meantime the, both parties, as i said, are trying to work on dealing with the reality that a lot of kids joining the work force have a record amount of debt.

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♪ neil: all right, we've been talking about waiting for this supreme court decision on the the president's plan to the forget student loan debt, told as well that that both parties are working on a plan to deal with the growing crisis of college costs which have been running for a good number of decades, that's right, decades now at triple the inflation rate. enter casey mcdonald, fox nation host, on how this back and forth is going. casey -- casey, great to have you. what is your sense about ever getting a handle on these rocketing costs? [laughter] >> neil, first of all, thank you for having me, great to see you. it's insane. and we've been saying this for years and years and years.

i still have my student hone debt that i'm paying off, and, you know, there is that sense of e, oh, i did it, but how old are we now? as of 2022, 40.5 million americans had student loans, and about 1 in 4 of those, 9.9 million borrowers, it's between 20- 40 grand. so tuition inflation, 4.63% annual increase from 2010 to 020. that's a lot. you're looking at -- i have an infant, a 9-month-old, you're looking at the 529s, you're already thinking down the road when my child wants to go to college, i don't want to say no, and you're planning for things in the future. it is so much stress and anxiety. i love the approach, we have to go to the root cause, the last bill in the package that's putting the pressure on the grad schools to bring the costs down. and more and more today you're seeing kids that that aren't going to college, you know? they're going out on their own,

being entrepreneurs, and that is an option. and that's why all of these kids are pushing that direction. okay, you want to keep increasing the price, make it near impossible for people to get there, and once you're there, can you afford foodsome i mean, i remember, you know, watching my meal points, you know? making sure, oh, my gosh, do i have enough meal points. and you don't want to put pressure on your parents, so it's this horrible hamster wheel of anxiety for parents, guardians and then the students. yes, we've got to fix this problem immediately, and i love this. i hope it all gets passed. neil: yeah, i hear you. especially when the alternatives to that, i keep telling my sons, look at becoming a plumber or electrician because, man, when mine come to the house, they have people. their people are people, and hen the final visit with the plumber is when he or she enters because there's such this entourage before them. but that as it may, one of the issues that's come up a lot, kac can ie, is whether we are financially blind to the bang

you get for the buck in certain majors. >> yes. neil: and that maybe we should be emphasizing math and the businesses and the finance and the accounting and not so much the philosophy or, dare i say the communications courses. that is something that is, well, maybe a new strategy. so the focus on kids who can afford paying back with the majors that hook like they will pay them -- look like they will pay them money. >> right. are you going pre-law, pre-med. but then it's those graduate schools, you know, it's next step that you're not creating that income until, what, your late 20s at some point in time or your 30s once you get out of residency? so that's the issue. but, yes, it is pushing to more of those, the plumbers, the electricians. something breaks in your house, neil, you can't get somebody out there for a week. it's just absolutely insane. neil: you're right. >> and i'm, like, sidetracked, i'm going on such a rant. neil: no, no, you have that that 9-month-old, legitimate worries.

what i tell my kids is your mother and i aren't paying for anything, you're on your own. just try the tough love approach. >> absolutely. neil: you're going to figure it out. you'll be a go zillionaire, you already are. >> we're working on it. thank you, neil. neil: good luck with everything. in the meantime, you probably know by now, given the coverage it's been getting, that our secretary of state after some months of delay will be arriving in china this weekend, i believe late tomorrow night. but don't expect him to get the treatment that one bill gates got, a personal audience with xi jinping, the chinese leader. seems that the chinese love business leaders. it's actually true, they really, really enjoy seeing them. our politicians? well, not so much. isn't that rich? after this. so we've got to know a lot of things about a lot of things. like which mower makes the cut. the mulch that finishes the look. and picking a color that pops. you got this. we got you.

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>> welcome back, everyone, as we celebrate our second hour here on cavuto live.

hope you're having a wonderful father's day weekend and all the dads do as well. antony blinken will be busy as it's just now hours away over the weekend when he gets to china. beijing more specifically late tomorrow night, but if he is expecting a one on one or an audience with xi jinping, the chinese leader, let's say he might want to think about that. we know that jinping has been blasting the policy, america in general. that does not go to ceo's, particularly billionaire ceo's, a sit down with bill gates who is singing his praises and he bill's praises. but tim cook, elon musk, jp morgan jamie dim