gerri willis. >>> imagine, folks, i have this kind of perspective for you.con. well, we've got the california-based microchip disrupter that says its semiconductor technology can fix the global chip shortage without a single bit of silicon involved. are we about to see the ultimate tech disruption? with the closing bell ringing in 27 minutes, dow is at session lows right now, down 60 points. maybe we just announced that senator leonard city graham has tested concern lindsey graham has tested pot for covid. -- tested positive for covid. we are coming right back. ♪ others, weaker. that's the nature of being the economy. i've observed investors navigating the unexpected, choosing assets to balance risk and reward. and i've seen how one element has secured their portfolios, time after time. gold. an element so agile and liquid. a proven protector. an ever-evolving enabler of bold decisions. an asset more relevant than ever before. gold. your strategic advantage. ♪ when i was young ♪ no-no-no-no-no please please no. ♪ i never needed anyone. ♪ front desk. yes, hel

gerri willis, great to see see you. gerri: that's right. we watch cuban s protest for their own freedoms, capitalism is becoming a bit of a dirty word on the left. let's get back to our panel gary b. smith is here, jonathan hoenig, gary this time oil go ahead and start with you and gerri's report was a great way to set this up. so many people do want to come to this country for so many obvious reasons and we encourage them to do so, to do it legally but we're also watching the situation right now in cuba. we've got a lot of cuban immigrants and in florida for example, where they're protesting against communism against socialism, and its been really difficult, because this administration isn't really responding, and one of the points that i make is they don't really want to talk about this , or , you know, sort of broadcast and bring it to our attention too much because it really highlights the perils of socialism and you see of those undertones in the policies here, in the united states. >> yeah, exactly. you know, and ironically the greate

gerri willis.ng throughout much of the northeast. but let's talk about far more serious indeed catastrophic flooding in tennessee that is already claimed at least 22 lives. the latest right now from charles watson in waverly, tennessee. charles? reporter: neil, this area received up to 1inches of rain. that is about a third of the average rainfall it would receive in about four hours on saturday. when that much water, that leads to the catastrophic floods we saw over the weekend leading to all of the destruction that we're seeing out here today like this awning over here at the exxon gas station really hanging on to a thread. this home that has been lifted up and just smashed into the gas station right now with a lot of debris hanging around it. then you see storefronts like this one over here, neil, with the hole blasted through the front of it. if we walk down some over here to think of thety liquors, they're fortunate enough to not have the damage to the front of their story -- story front. when

extending apparently to those who have big ira accounts north of $5 million or something like that gerri willishing this sort of stuff. what are they talking about here , gerri? gerri: a lot. they're talking about dipping in , possibly, to your irs. look, democrat neil, are looking to limit ira accounts as they search for funding for that $3.5 trillion budget bill, right experts say the middle class could get stung right in the retirement account. listen. >> the money the employer puts in the money and if something that you have saved and earned, it is a lateral transfer because it's taking money from 401 (k) and then recycling that through government to pay for other programs. gerri: data the 2019 tax year shows that 497 taxpayers have 25 million or more in aggregate ira balances, most notably, pala ntier and pay pal founder peter thiel at 5 billion his roth ira coming to light recently and democrats say wealthy americans are abusing a vehicle intended for regular americans who have retirement savings but their prescription would hurt the very hard working americans who have ira's of just 5 mi

gerri willis live with the latest. reporter: hey, that's right, charles.ng new. the white house i believe saying the fda is working with moderna, it is working with pfizer to come up with a booster shot a third shot specifically designed to help people who are immune compromised. in this case this would actually be people who might have cancer. this would be people, getting an organ transplant. only 3% of the population. a lot of talk about boosters. they're trying to target these people who have problems. now we talked to an infectious disease expert about this. his name is mark sidener. he works at mass general. studies are showing a third dose really helps them. what about the rest of us? so far the fda and the cdc are not recommending third shots or boosters for the entire population even though the efficacy of these shots diminishes over time. one white house study the effectiveness of the pfizer shot fell to 42% even as the delta variant spread across the country. the protects they say against serious illness remain strong. charles, getting a booster

i'm gerri willis. people with compromised immune systems is expected to be authorized by the fda in short order. a spokesperson telling fox business this, the fda is closely monitoring data as it becomes available. the agency along with the cdc is evaluating potential options on this issue and will share information in the near future. the group says some people like those with organ transplants have difficulty building resistance to covid-19. listen. >> people that are extremely immunosuppressed who we know the current regimen of vaccines are not very effective. only half of them respond effectively. these people, immunosuppressed people appear to benefit from a third dose. >> what about the rest of us? so far the fda and cdr are not moving to recommend third shots for bees sisters even though the efficacy of shots diminishes over time. one study the white house is focused on, effectiveness of pfizer shot fell to 42% in july even as of delta variant was spreading across the country. the protections ag

gerri willis in philadelphia, you are talking to the museum ceo.ia. this is really the beating heart of the american revolution. this is where the continental congress met. this is where the declaration of independence was signed way back in 1776, and this museum is, i gotta tell you, they're really telling all of these stories in a variety of ways. i'm on a replica of a privateer hip. this is kind of ship that american revolutionaries would have fought the british navy on, they would have fired cannons just like this, and the ships were under sail, is so oarsmen there. the museum of the american revolution, pardon me, the big story they have about themselves is that attendance is going higher. they had some 3,000 people here over the fourth of july, and in the month of june, they they we% of their more normal visitation. so good news for them and and, of course, there is a controversy though brewing surrounding the ideals and values celebrated here from critical race theory curriculum in schools to national anthem protests by some of the nation's

josh willis there, ending that report from chris page. i'm joined now by gerryme distressing strays there. what do you think is behind us reason why our infections are so much higher in northern ireland? it is threefold, really, it's three things together. we heard about the vaccination rates which is concerning, particularly in the younger people. secondly, it is in line with easing of restrictions, and people meeting and going out and coming into contact with more people, and thirdly, equally important, is the delta variant, which is much more transmissible than any other so that he take all these things together they create a perfect storm it's a bit like that. does three factors are applicable across the uk, what particular do you think is going on at the moment? absolutely you are quite right. plus we have in northern ireland that difference from the rest of the uk is in terms of the demographics we've got a much younger population, and you've already heard professor young mention deprivation as well. there are two particular issues. we have a higher propor