charlie gasparino.s all-american picks ahead of the fourth of july weekend. ♪ ♪ uno, dos, tres, cuatro! [sfx]: typing [music starts] [sfx]: happy screaming [music ends] . . liberty mutual customizes car insurance so you only pay for what you need. how much money can liberty mutual save you? one! two! three! four! five! 72,807! 72,808... dollars. yep... everything hurts. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪. liz: as you gear up for the fourth of july holiday our countdown closer says she says all american names you should add to your portfolio. let's hear them. it is not that they're necessarily all rah-rah but they are american, are they not? >> yes, liz, they are. listen investor have been talking about american express. basically a reversion to the mean, right? we got hurt last year with the closing of all of the businesses in the u.s. now services are coming back in a big way. we have american tower. it is a back ended way of playing 5g. investors are talking about it

because, you know, charlie gasparino comes on, and i'm getting hate mail.ocurrency selling off along with the broader markets, but it's game on for a major spac deal in the crypto sphere. former barclays ceo bonn diamond, now -- bob diamond on joining forces with circle and entering the ring of stable coins. we're also going to ask hum why he thinks financials are really getting dinged today especially. bob diamond next. closing bell ringing in 28 minutes, we're coming right back. ♪ ♪ i'm so glad you're ok, sgt. houston. this is sam with usaa. do you see the tow truck? yes, thank you, that was fast. sgt. houston never expected this to happen. or that her grandpa's dog tags would be left behind. but that one call got her a tow and rental... ...paid her claim... ...and we even pulled a few strings. making it easy to make things right: that's what we're made for. usaa. what you're made of, we're made for. get a quote today. that building you're trying to buy, usaa. what you're made of, we're made for. - you should ten-x it. - ten-x it? ten-x is the world's lar

there, and cheryl sandberg and bob kraft showing up all arriving in idaho today and of course charlie gasparinoe breaks it next on what's going on and what kind of deals are being discussed, and another place where you can find business billionaires and entrepreneurs, who started from nothing my everyone talks to liz podcast, this week, i look back at some of the top successes and american dream stories for a special july 4th week recap episode from anastacia of beverly hills, immigrating to the united states from a tiny small village in india, you've got to hear their success stories now, available anywhere, where you get your podcast, closing bell 15 minutes away, the dow just a few minutes ago hit a new high, but we're still up about 109 points and we are watching these levels in the markets, stay tuned, watch them with us. the world's first fully autonomous vehicle is almost at the finish line what a ride! i invested in invesco qqq a fund that invests in the innovators of the nasdaq-100 like you become an agent of innovation with invesco qqq to run a growing business, is to be on a journey.

joining us now, on the latest chapter of this never-ending novel, charlie gasparino. making meatballs with beyond meat? it sounds so gross. ashley: no. charlie: i've tried it. i've had an open mind. i tried it. it doesn't work for me, and by the way the fat content is insane but let's guest back to fish, small fish. ashley: now that we've trashed beyond meat. charlie: listen i'm sure there's health benefits here but i'm just telling you, my opinion. do they advertise with us by the way? [laughter] ashley: not now. charlie: can we throw up the chart to tell you why bankers are now highly highly speculating, hotly speculating about why shari redstone is looking to sell viacom? it's a great chart and there you go, now look, they are supposed to be big, right? but look at the relative size here, 27 billion compared to comcast, 238 for netflix, that fluctuates daily, but you know, it's where they are today and look at amazon which for all in tense and purposes is a media content player right now they just bought mgm $1.8 trillion, listen in media, size and scale matters, yo

in the meantime, charlie gasparino, as you know, is in sun valley, idaho and you never know who charlie you only pay for what you need. how much money can liberty mutual save you? one! two! three! four! five! 72,807! 72,808... dollars. yep... everything hurts. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ centrum multigummies aren't just great tasting... they're power-packed vitamins... that help unleash your energy. loaded with b vitamins... ...and other key essential nutrients... ...it's a tasty way to conquer your day. try centrum multi gummies. now with a new look. hearing is important to living life to the fullest. that's why inside every miracle-ear store, you'll find better laughs at family barbecues. you'll find a better life is in store at miracle-ear, when you experience the exclusive miracle-ear advantage. including innovative technology, like the new miracle-earmini. so powerful, yet it's nearly invisible. we're so confident we can improve your life, we're offering a 30-day risk-free trial. call 1-800-miracle today and experience the miracle-ear advanta

fox business senior correspondent, charlie gasparino joins us now. sort of the recovery play out there in the markets. what are you seeing there, charlie? >> yeah, no, that is what is driving it down. markets look for reasons to sell off, and this has been overplayed for a while. you have heard of that. there is clearly a bubble there. i will say this -- >> sandra: we don't know if it is a bubble. we don't know that. >> i know that there is a bubble. i know that there is. if you have 0% interest rates, you're going to create a bubble. just back off for a minute. >> sandra: we will get to that later. >> all right, any time. my point is if you are looking for reasons to sell the market, i remember back in february of last year, when this stuff first started hitting the fan, i said you know, if you read this thing out, cash and 30% of your portfolio because we don't know it's going to happen. let's look and see what that markets do. i was pretty good advice because there was a period of time where markets sink dramatically. we have the fiscal policy resp

joining us now is charlie gasparino, all right, charlie what does a downward trend mean for investorsting its session lows right now trades as low as 33.78 earlier in the day last print was 34, maybe its backup oh, there we go heading right there. okay, just under, but i will say a couple things here listen i'm not convinced this meme stock thing is over. i'm just going to throw some stuff out there. why all these stocks are trading off and we should point out that amc has lost almost half its value since its june high of over $60 a share, i mean its done that since june, since early june, so that's pretty scary. i think there's a couple things in play. number one, i think the biggest catalyst was you know when they say sometimes good news actually turns out to be bad news, or bad news actually turns out to be good news, the bad news/good news is the economy is weak, fed keeps interest rates low, stocks kind of like that, right? we used these lower interest rates even though weak economy is supposed to be bad for stocks but you get what i'm saying here here is where good news turns ou

liz: i will take it, good stuff, thank you very much charlie gasparino.e to bear the fangs in your portfolio again 50 billion-dollar countdown closer takes it on big tech, should you barrier things again closing bell ringing in eight minutes, nasdaq down 201 points. ♪ limu emu... and doug. so then i said to him, you oughta customize your car insurance with liberty mutual, so you only pay for what you need. oh um, doug can we talk about something other than work, it's the weekend. yeah, yeah. . . only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ the rule in business used to be, "location, location, location." now it's, "network, network, network." so you need a network that's built right. verizon business unlimited starts with america's most reliable network. then we add the speed of verizon 5g. we provide security that's made for business. and offer plans as low as 30 dollars per line. come to verizon small business days on fridays in july to get a plan that's built right for your business. ♪. liz: folks, four minutes left to trade. the

lauren: up next, could viacom cbs be ready to sell himself hot of his trick from sun valley, charlie gasparinotest media drama because there's always media drama and charlie will break it right after the break plus programming note, on july 21 at 2:00 p.m. eastern time, "making money" with charles payne presents a special hour of proud american from the military to the marketplace. charles will be taking questions from veterans that are looking for jobs and overcoming the challenges of reentering the workforce. if you are a veteran with a question, e-mail us at invested inyou otero fox.com and charles payne just might answer your question, live on the air. let's take a look at your money, stocks zero in on new highs in the final minutes of trade. any up arrow today, any green is a new record for the dow and nasdaq and the s&p 500, dow up 127, "claman countdown" coming right back. [ "me and you" by barry louis polisar ] ♪ me and you just singing on the train ♪ ♪ me and you listening to the rain ♪ ♪ me and you we are the same ♪ ♪ me and you have all the fame we need ♪ ♪ indeed, you and me are we

charlie gasparino has the scoop. he's joined by fox news contributor, liz people. have you been back to work? what is ubs doing here? >> i can't wait to get back to work. i love telling stories through anecdotes. i was told to do that at the "wall street journal." this is interesting. it's much more typical. ubs is seeking to grow. they want to poach high producing brokers, people that handle rich people's money. another recruiting tool is guess what, guys? if you come to work for us, if you leave morgan stanley, the gold standard in the brokerage business, we'll let you work from home or do whatever you want. it's up to you. if you're a broke -- >> sandra: that's because morgan stanley doubled down on wanting employees back to work. james gorman said the way you develop your careers, by being mentors, experiencing the professional schools of those that came before us. he's huge on getting people back to the workplace. but is what ubs doing that evidence that these firms should be more flexible? >> that's right, this is an argument raging on wall street. wall stree

charlie gasparino. all-star guest list for this year's gathering and the top secret business talks taking place right now there. closing bell 15 minutes away. we're coming right back. ♪ ♪ this past year has felt like a long, long norwegian winter. but eventually, with spring comes rebirth. everything begins anew. and many of us realize a fundamental human need to connect with other like-minded people. welcome back to the world. viking. exploring the world in comfort... once again. it's time for sleep number's lowest prices of the season on the sleep number 360 smart bed. it's the most comfortable, body-sensing, automatically-responding, energy-building, dually-adjustable, dad-powering, wellness-boosting, foot-warming, temperature-balancing, recovery-assisting, effortlessly life-changing proven quality night sleep we've ever made. and now, the new queen sleep number 360 c2 smart bed is only $899. only for a limited time. to learn more, go to sleepnumber.com. ♪ ♪ liz: amazon showers breaking out -- shares

we're coming right back with charlie gasparino. very nice. all right. there with arnold. back with charlie gasparino on the reddit room's plans for the robinhood ipo. are they going to stand together and short the robinhood ipo? charlie breaks it now. look at the dow, now at 35,082. if we close here, first time ever closing above 35,000. ♪ gold. your strategic advantage. ♪all by yourself.♪ you look a little lost. i can't find my hotel. oh. oh! ♪♪ this is not normal. no. ♪♪ so? ♪♪ right? go with us and find millions of flexible options, all in our app. expedia. it matters who you travel with. keeping your oysters business growing expedia. has you swamped. you need to hire. i need indeed indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base claim your seventy-five-dollar credit when you post your first job at indeed.com/promo liberty mutual customizes car insurance so you only pay for what you need. how much money can liberty mutual save you? one! two! three! four! five! 72,807! 72,808... d

charlie gasparino, thank you very much. as the post-panpandemic shifts into hih gear. yes, we're at session high, dow at 185, set to close at a record. s&p up seven in a row. ♪ ♪ hi, verizon launched the first 5g network, and now we want to be the first to give everyone the joy of 5g by giving every customer a new 5g phone, on us, aha! old customers. new customers. families. businesses. in-laws. law firms. every customer. new 5g phones when you trade in your old ones. and if you're not a customer, we'll help cover the cost to switch. just ask wanda. she's been with us since... (gasps)... now. upgrade your phone. upgrade your network. >> lauren: four minutes and 15 seconds till the weekend, everybody. and the closing bell will ring, and the dow, the s&p 500, and the nasdaq if they stay where they are now, they will close at record highs. yes, volume is light, but this melt up continues. all three averages in the green on the week. it is two weeks in a row for the nasdaq, which is the outperformer today. advanced microdevices

charlie gasparino has been following this case for many years.ept shaking my head when we thought this would be the result and more clever heads than my own are saying this is a means by which we get the cfo to flip or turn. if found guilty on something like this, it's up to 15 years in prison. i don't know if it would come to that. what do you make of this and this whole drama today? >> well, as we said on fox business earlier, a lot of people are thinking he could throw the grand larceny charge in there. he did do that. there's no doubt in my mind or somebody that owe oh any lawyer that covers this stuff, there's no doubt in the trump people's minds --'s been speaking with people in the trump organization. they believe that they the prosecutor wants mr. vance, the manhattan d.a., he wants mr. weisselberg to flip on the organization, on donald trump jr., on eric trump and on mr. trump himself, the former president on a much bigger tax fraud scheme case. along the lines that the fixer, michael cohen, when he was before congress laid out that said

charlie gasparino, thanks very much.t things could get pushed back a little bit affects the airlines right now and whether or not you wear masks beyond september. that's looking increasingly likely. you can understand why things are unruly in the skies. they just got more so. wait till you hear the latest data on this. we are freaking out up there. everyone has to take a chill pill. is now a good time for a flare-up? enough, crohn's! for adults with moderate to severe crohn's or ulcerative colitis... stelara® can provide relief and is the only approved medication to reduce inflammation on and below the surface of the intestine in uc. you, getting on that flight? back off, uc! stelara® may increase your risk of infections, some serious, and cancer. before treatment, get tested for tb. tell your doctor if you have an infection... flu-like symptoms, sores, new skin growths, have had cancer, or if you need a vaccine. pres, a rare, potentially fatal brain condition, may be possible. some serious allergic reactions and lung in

neil: they do hate charlie gasparino. charlie: i think so.when lina khan is just, if she has her way, let me tell you something, amazon will be back to selling books, and nothing more. neil: wow. we'll have to watch that one very closely, my friend, charlie gasparino on that, technology stocks, holding their own thus far, we'll see how long they could lost if this ftc has to really make end roads in the meantime, following what's going on in california, you know a lot of school districts there are demanding kids returning to school still wear masks, and now a lot of california parents are saying what! >> ♪ ♪ ♪ when technology is easier to use... ♪ barriers don't stand a chance. ♪ that's why we'll stop at nothing to deliver our technology as-a-service. ♪ experience our advance standards safety technology on a full line of vehicles. at the lexus golden opportunity sales event. get 1.9% apr financing on the 2021 rx 350. experience amazing. in business, it's never just another day. it's the big sale, or the big presentation. on the 2021 rx 350. t

charlie gasparino is here now from fbn.were on, we had a debate. >> you were nasty to me. this is how you know people are crazy. half the comments are that you are too nasty to per and people said why was she so nasty to you. >> i was correcting you to be clear. >> that is s&p is not overvalued. >> we'll talk about that in just a moment. there were fascinating exchanges last night. getting inside where the president sits when it comes to inflation. seems the solution for inflation is throwing more government at the problem. isn't that only going to create more inflation and higher prices? >> he called for higher inflation. he said why don't you pay your people more? >> sandra: he said it. let's listen to it. a restauranteur. >> how do you and the biden administration plan to incentivize those that have not returned to work yesterday? >> one, we kept you open. we're ending all of those things that are keeping people back from going back to work and et cetera. secondly, john, my guess is that people being $7, $8 an hour plus

charlie gasparino with us. we'll get the details soon on this.now the focus is on something, i don't want to call it piddly, but relatively gray area stuff. the perks an benefits you get at a company and whether you declare income and pay taxes on it, that is what is boils down to. >> we'll have to see exactly what they are. i hate to correct you, donald trump is the target here. let's make no mistake about that. cy vance the manhattan district attorney spent three to five years depending how you counting it trying to build a tax fraud case against donald trump, the trump organization and don, jr. and eric trump who are principally running the show with him. his golf, real estate empire, resort empire. they have been working five years to do that. they produced tons of documents. hundreds of subpoenas. they have a task force. we were first to report that, comprised of pretty smart people in forensic accounting. they still needed mr. weisselberg, cfo to flip in order to bring a case. neil: he has not done that. he hasn't flipped. >> i think the re

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neil: charlie gasparino, big media pow-wow going on at sun valley. what you do, when you do it, who you are talking to. we have a lot coming up including a push by governor abbott to build that wall. he has more troops coming from yet another state, ohio, the latest. they're up to a dozen trying to help him out in that regard but how far can they go with this, after this. that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty. and twice as fast. if i could, i'd ten-x everything. like a coffee run... or fedora shopping. talk to your broker. ten-x does the same thing, - but with buildings. - so no more waiting. sfx: ding! see how easy...? don't just sell it. ten-x it. one, two! one, two, three! only pay for what you need! with customized car insurance from liberty mutual! nothing rhymes with liberty mutual. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ [swords clashing] - had enough? - no... arthritis. here. new

and as charlie gasparino pointed out, turning negative here in just the final hour on amc are.all cold in july, as you can see, down for the month. amc off 38 percent. gamestop off, well, nearly 21 percent. however, our countdown closer is still hot on the trend. joining me now, my good friend ryan payne. great to see him, president of payne capital management and host of the payne points of wealth. you're a busy guy, ryan. okay, meme stocks -- it's a big title, a really big business card. meme stocks, you're still not counting these out. you think there's still room to run. >> for the record here, i don't love meme stocks, right? they're at elevated values. but i think the bottom line is there's just so much money sloshing around out there, you start, ashley, looking at the amount of stimulus that we see on the economy. retail traders in general, they're commanding, like, 25% of the market now which is unheard of. it's more like 18% before the pandemic. so it's no coincidence that all this stimulus was bestowed upon the economy, and these stocks went really, really high. what'

charlie gasparino joining us.ou're firmly against it. >> i like the fact that they said this is a great program because it worked so well in kenya. in kenya. that was there selling point. that thriving economy in kenya is there because they have this program. i mean, if that is not a detail on how stupid this is, i don't know what else is. >> sandra: you talk to economists all the time. what would happen if something like this were to become law? >> let's not talk to economists. that's talked to small business owners. what do we have right now? a labor shortage. small business people are willing to play more and not being able to find people to work for them. all of a sudden, here comes this congresswoman who i am pretty sure has the best of intentions, but she doesn't understand math. she is coming out with some program that incentivizes people not to take jobs. it is so absurd in this environment. we have a pretty strong economy. this is not the great depression. my parents grew up in the great depression. i kno

joining us now charlie gasparino , charlie?an stanley we should point out it's goldman sachs, it's jpmorgan, they have demonstrated , they are actually stricter than morgan stanley. morgan stanley does have a lot more brokers and this is where it's becoming pretty interesting on wall street, and you know, liz you try to tell bigger stories through vignettes and anecdotes on smaller things and i think this is a story you'll see replicated on and on in corporate america, as we get used to a new normal of having to live with covid, you know, getting vaccinated, or not vaccinated. should point out that 90% of the workers at goldman sachs, morgan stanley, citigroup, bank of america, jpmorgan, from what i understand, they are all vaccinated, so it's kind of a moot point on the wall street side on forcing vaccinations. be that as it may one firm is now looking to basically take advantage of the stricter return to office policies at morgan, goldman, and jpmorgan, and that firm is ubs which has, i guess you could say the least strict, t

charlie gasparino. let's take a quick peek at the stock market here.buoyed by this unexpectedly good news on the employment front here. they were expecting strong numbers, they weren't expecting 850,000 new jobs added to the economy and the fact that the inflation remains relatively in check. i say relatively because if these guys now have a looser definition of what is stable inflation and what is transitory. they're going for stable and transitory. we'll have more after this. when traders tell us how to make thinkorswim even better, we listen. like jack. he wanted a streamlined version he could access anywhere, no download necessary. and kim. she wanted to execute a pre-set trade strategy in seconds. so we gave 'em thinkorswim web. because platforms this innovative, aren't just made for traders - they're made by them. thinkorswim trading. from td ameritrade. it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. get ready for it all with an advance

fox business's charlie gasparino has the inside scoop on this. >> david, you're an old "wall street journal" hand like myself. so we were taught essentially to say, talk about bigger trends, bigger stories using anecdotes and vignettes. david: that is how we started every story. >> that is what we started every story. this is a trend that is going across corporate america. but i cover wall street as you know and i'm focusing what is going on wall street. here is how it is manifesting itself on the street. we should point out morgan stanley is the biggest brokerage firm. they have 20,000 brokers nationwide. it is the crem dela crem of brokerage firms. ubs is smaller, 7, 8,000. they focus on high net individuals. they are a decent player. people like poaching from morgan stanley because it is what it is, the gold standard in brokerage. here is what is going on now. ubs has a very flexible policy to return to work for brokers that deal with small investors. morgan stanley right now they're flexible. but in a month's time, james gorman, the ceo says h

david: charlie gasparino. >> i don't understand how you cannot. david: bearer of bad news. charlie. fears this new mask guidance is overowe rook -- overreaction from neil: welcome back to cavuto i'm in for neil cavuto and david departing a busy second overhead as markets are retreating from record territory in our top story know this hour is that more mask guidelines and more vaccine mandates and the government is ramping up its rulemaking once again. were going to get reaction from former justice department official ian coming up and then china foxing the biggest since 2008 amid a growing crackdown and tennessean senator marsha blackburn is here and what we need to reconsider reliance in china and getting creative to combat the worker shortage going to be talking to white castle about whether the good old-fashioned cold calling is working to get workers back into the door pretty but first were top sorghum the cdc expected to get new guidance on mask wearing 3:00 p.m. eastern time today pretty edward lawrence as a sneak preview from the white house. reporter: he vertigo dig

want to go to charlie gasparino right now.rtisan push to reign in tech but it's what the administration is doing that bears watching here. what do you have for us? charlie: and appointing tech haters to major position positions we know lina khan who is academic against big tech particularly amazon she wrote a treatus called the amazon paradox that basically says amazon is the worst thing indiana the world and needs to be broken up and another major critic of tech has been appointed to a very important position, in the biden administration that's jonathan k anter, as doj' anti-trust teach. now we should point out that this deployment is likely to start and reignite the war between google and the administration. the administration started in the trump adminitration. there's a major doj anti-trust lawsuit against google. we should point out that kanter has been a long time critic of google and unlike lina khan, who was essentially an academic, he was paid by clients. he represented microsoft and represented yelp, who sued for goo

let's bring in charlie gasparino , conflict of interest, what? no/yes? s get to news and we can bounce this around. here is what we know. sources are telling the fox business network and these are essentially anti-trust lawyers, lobbyists, people in d.c. who deal with the justice department anti-trust division, plenty and deal with companies they are saying that the biden administration is in all likelihood, you know, can't guarantee it, but it's pretty guaranteed, will seek a waiver, so their appointee to be the head of the justice department's anti-trust division that's jonathan kanter can represent the government, essentially the lead lawyer, of the government, behind the scene s, probably won't be in the courtroom, you know, usually hire outside people to do that on major anti-trust cases but he might. he is a seasoned litigator, they will try to get him a wave or so he can be front and center and the reason why is because he's represented companies that have sued google, attacked google, he's represented microsoft in a lawsuit and representing yelp,

about global warming, climate change, and maybe that's sending the wrong signal but who am i, charlie gasparinoandberg of facebook, nice lady. they're all very nice, but there is a sort of optics issue that's going on here right now, both with the locals in this community and just generally, and i'll get into that. as we were first to report, bill gates, despite the difficult year the microsoft founder had, is coming to sun valley, he's apparently going to give a seminar tomorrow and he's not just giving a seminar about business or whatever. he's giving a seminar about one of his pet projects, climate change, and what's fascinating about this seminar, neil, is that he's lectures moguls here, who flew in on their private jet s. i can't tell you how many private jets are at the local airport. so now why are private jets problematic? as you know those are the worst carbon emission vehicles in the planet, and they all have them. we don't know how gates is getting here, i'm presuming he's taking his private jet, the gates people have not gotten back to us with a comment, but it is starting to raise

a tie between me and charlie gasparino who gets the job.e finally found our dream home in the mountains. the views are great, the air is fresh. (sfx: branches rustle) it is bear country though. hey boo-boo! we hit the jackpot! bear! bear! bear! look, corn on the cob! oohh chicken! don't mind if i do! they're hungry. t-bone! that's what i call a smorgasbord! at least geico makes bundling our home and car insurance easy. they do save us a ton of money. we'll take the cobbler to go! good idea, yogi. i'm smarter than the average bear! they're gone, dad! for bundling made easy, go to geico.com. ♪ ♪ when technology is easier to use... ♪ barriers don't stand a chance. ♪ that's why we'll stop at nothing to deliver our technology as-a-service. ♪ the rule in business used to be, "location, location, location." to delivnow it's,chnology "network, network, network." so you need a network that's built right. verizon business unlimited starts with america's most reliable network. then we add the speed of verizon 5g. we provide security that's made for bu

charlie gasparino was way too young to remember. that is the fear. charlie you wouldn't see it in the markets, right? stimulus is stimulus. an uptick in inflation is an uptick in economic activity. they're looking at the half full glass. >> yes. hamburger helps is from the 70s. i don't think the markets will react to inflation until jerome powell throws in the towel and says we're raising the rates. if he doesn't raise rates and people are betting he's not, the markets are going to be where they are or higher. i'll say this. he sounded a lot like he was setting the ground work for raising rates. he's much more adamant that inflation has caught him by surprise. if it did catch him by surprise, there's a good chance that he might not last in to a second term. particularly if republicans take over the senate. they're going to want his scalp for missing the boat on inflation. fed policy is one of the main drivers here of inflation. one of the main drivers of the various bubbles in the stock market. the only rationale is that it's very -- people are going

charlie gasparino, following these developments always agitating. . not today. anyway, want to go go to vinnie toria, principal security consultant, so he's a good guy to get a read on what happened yesterday. in case you didn't follow yesterday, or you weren't directly affected yourself, better than 50 various sites were shutdown a while, or very slow to get to, and it was affecting some big ones, you know, you had capital one, you had fidelity and a host of other players, and a devil of a time getting into see how your account was doing and it got me thinking because it was an internet outage, a snafoo but what if when you did get on to your site your account disappeared? everything else that's been part of my biggest fear about ransomware and all these other attacks if they succeed in that final stage, vinnie, i know i'm over worrying here but given the broad nature of these attack lines and i want to stress that yesterday was not that, but i'm wondering how far away we are and what we risk getting to that what do you think? >> i think it doesn't

plus, charlie gasparino on the rising price about just about everything in our everyday lives and to getting people to work in its restaurants, what they are now offering and senator tom cotton on questions over the u.s. navy's readiness for war as a new report casts doubt. a jam-packed up about america reports" begins, top of the hour. >> harris: there is outrage at the possibility of a u.s. olympic committee could change its logo, the committee folks person is telling fox news is considering a redesign to replace the 50 stars and five new stars -- with five new stars and fewer stripes. sean hannity doesn't like it. >> it's an awful idea. our stars & stripes should be the only flag representing this country at the olympics and the paralympics. so many amazing athletes and champions that we are all so proud of and they represent the united states of america. we don't need your new flag, we already have our own. >> harris: i want to do a quick lightning round before we go deep on this. morgan? >> morgan: i think we should leave the flag alone, when you look at hong kong, venezuela, ir

charlie gasparino, could we be looking at a possible deal? >> yes, possible. fund billionaire, one of the biggest traders in the market, last year bout bought the mets. i believe he paid $2.5 billion buying the team itself. we do understand he is still interested in the other part of the deal, and that's the mets' regional sports network known as sny. here's what i would tell you, he's balking over the price. they want essentially a billion or more, they have $800 million in debt, so they can't go that far below a billion when you have that much debt, right? is you've got to pay off the debt. so cohen is worried about a few things. he's who worried about the fact that they're making him overpay, you know, is the debt going to be involved, how is it going to be involved. does this extinguish the debt. and on top of that, it's a single franchise rsn. if you look at the yankees' rsn, the yes network, they have the yankees, the brooklyn nets, i believe they have the soccer team, there's a few things in there. this is a single team. it's got some issues, heavy debt

charlie gasparino on the future now, without him in that day-to-day control. hey, charlie. ever notice with bezos it's either a love or hate relationship with him? i mean, i get when i talk to people about him, not necessarily wall street but just average people, there's some people that love the product, love him, you heard it in some of those questions about his space activities, and then you see people like tulsi gabbard say maybe you should stay up in space and not come back because amazon is an evil empire. be that as it may, bezos is loved basically by wall street and many investors and the reason why is because he delivered and you know here is one thing i can tell you from talking with bankers that work, that know him pretty well. people in the business community that know him well, analysts that cover the company, he still is going to be running this company, even though he's, you know, taking a back seat at least publicly to andy jazzi the new ceo while he does space and allegedly other stuff and from what i understand he's still very much involved in his role as

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eager for robinhood's ipo tomorrow, investors are keeping a sharp eye on the pricing process, charlie gasparinorlie: well the pricing, i think, begins today, david. after the bell, i think you'll get the price of it, a lot of people are talking something like $35 a share and then it opens a trade tomorrow and we'll see what happens, and i will tell you this. i can't get a really good handle i know this sounds like i didn't do my job, but i went out and spoke with a lot of hedge fund traders that trade the stuff, a lot of analysts and people that are part of the underwriting team, who are not allowed to speak publicly because they are still in a quiet period, but you know, nobody knows where this thing could come out. it could bounce to 70 from 35 or go down to 30, i mean, and here are some of the sort of conflicting trends. 30% of the shares will be designated for retail. that means the robinhood investor, which has grown dramatically, over the last year or so, i mean, just user growth has exploded, you would think that be a net positive for the stock. this could be like a cold stock that they

charlie gasparino. he's a wonder to a lot of people. my buddy. let's get your take on this kidding aside. differentcircumstances, different companies, same results for a lot of people trying to get on these sites. they couldn't it. it happens a lot. >> yeah, it's good that they're talking about this finally. this has been a huge ignored issue when it comes to infrastructure. a lot of people think the infrastructure crisis involves roads and bridgers. but that's not really where the crisis is. the roads and bridges are handled by localities and built with municipal bonds. there's not really a federal need to build roads and bridges in new york state. there's a federal need to protect the internet and protect the grid and the security of the country because so much business is conducted over this and on computers. none of the money that is in the biden infrastructure package is going to that right now or very little of it. it's about time that they started doing that. i would say if you're going to spend whatever they're looking to spend, another $

charlie gasparino's breaking the story is -- >> well, if you believe the vaccines work, and there's all about. 90% of the executives particularly in new york city that work at jpmorgan, bank of america, citigroup, morgan stanley, goldman sachs have received a vaccine. so wall street executives believe their population, at least their population, has a form of herd immunity, so to speak. so they're very well vaccinated. now, here's the rub and here's why every wall street firm i talk to is planning for all sorts of contingencies that would include delaying the reopenings. they don't know what the public policy response will be here in new york city. does, you know, will there be a lockdown? probably not in the order of what happened last year. most people i talk to on the street i think it's highly unlikely that de blasio and andrew cuomo's going to go back to the harsh lockdowns. not impossible but highly unlikely. what you could see is something you're seeing in los angeles that governor newsom in california is considering and that's a statewide indoors max mandate for everybody -- mas

charlie gasparino let's bring it in as we watch amazon moving higher by 1%. charlie: well that gentleman is one of the great space journalists i'm one of the great space-out journalists get it? liz: [laughter] no i didn't. yes, i did. charlie: i'm sure he is and i'm definitely not one of the great space journalists but i do know a few things about amazon and i've been talking to bankers and analysts and people who do business with amazon and i said listen bezos just went up into space and looks like he is tied up with this new venture, this new rocket venture. is he running the show? to the man, to the women, to the person, they've all said he is really the ceo, now, mr. jassy is on the conference calls with analysts and running the day-to-day operations, but from what i understand, is mr. bezos is behind every major decision, he's behind the strategic direction of the company, and he's probably behind a lot more. i can't imagine that andy jassy does much without consulting with jeff bezos right now so i think that's good investors like the fact that there's t

charlie gasparino on how much that will cost. it's friday. come join eric shawn and me.ieve it or not. and their union is now demanding federal officials take action as incidents of bad behavior and worse spike among air passengers. get this, 85% of the nearly 5,000 flight attendants surveyed said that they have actually dealt with unruly passenger this year alone, with one in five saying they have even faced physical altercations. and the numbers are just stunning. more than 3600 reports of unruly passengers just this year, 600 plus investigations opened. here is just a glimpse of some of the awful behavior that flight crews have had to deal with. >> oh, my gosh. this is so [bleep] ghetto. >> julie: i mean, that's in the terminal. i swear i just sighed dumb i saw a repeat episode of the maury povich show. emily, i'll go to you first. more and more of these videotapes need to end interests. i honestly don't think there's enough deterrent out there to stop these people from acting like animals. >> emily: right, and that's part of what the unions are advocating for. not on

flow model but robinhood may have a plan up its sleeves to get around this issue, let's get to charlie gasparino have a bunch of questions about robinhood what are they planning and does anybody know if they think it'll be priced high and low. >> nobody knows i tell you i've heard $35 a share the company was eyeing 38 and 32 there's a lot going on with this, lot of worry going on with this company it could be anywhere from the area. let's unpack this a little bit robinhood did a roadshow and i know some people that were watching it and because of the roadshow the mixed signals that investors got is hard to price this they are basically can see it during the roadshow that they have to make major changes to the business model as a public company a cannot just be an app that lets you trade that is a go-between that has to be something more in the coming under pressure where they sell the overflow to third parties that make 70% of their money doing that the sec is investigating that practice it may have to scale back, robinhood has to go back and find alternative revenue sources one such source they

charlie gasparino with us right now. 've seen affect anything from meat suppliers to oil companies and on and on we go. we don't know if that is the case here. we know this one is widespread, but it is a reminder that our technology we have today is often times vulnerable, isn't it? >> yeah. and it's odd that it's so diverse, right? neil: right, right. >> you'd think that everybody was trying to trade or tying to buy stocks, van a guard, fidelity, hbo max, i saw, was one of the names. it seems so sod. you know, that's the -- so odd. that's the first thing that came to my mind, but let's not jump to conclusions and play this out a little bit. i'm sure we'll find out soon. you know, this is -- of all the infrastructure needs that we have in this country, i will say this til i'm blue in the face, it's not, it's not roads and bridges that need to be fixed on a federal level. it's this type of infrastructure that this country has to get in shape its infrastructure as opposed to -- when it comes to being liable, major businesse

charlie gasparino, what did you make of the argument that one way or another the democrats are betting of that? >> it's kind of an interesting guns and butter debate, lyndon johnson. he thought the massive amounts of spending he proposed in the '60s would outweigh opposition to the vietnam war. it didn't work then, i kind of think it won't work now. i think the amount of spending they're doing is starting to have impacts on the economy that are completely unintended. you can see it from some of the not just body language, but the language of jerome powell when he comes out and says, hey, inflation is higher than i thought it would be. it's caught him off guard. neil: right. >> the economy can grow 3%, your wage can go up 3%, but if you're paying 10% more for a steak or gasoline, that outweighs any increase that you got. that is the problem with inflation. it is a huge tax on the middle class. and so, you know, i think they're playing with fire, and, you know, i think the lyndon johnson example is perfect. and, you know, i think the republicans will play this game every day because most

our charlie gasparino is among the media moguls, and he joins us now with all the details. ley: yeah. >> -- these were not merger meetings per se, okay? i'll give you the little landscape here. there were two major takeaways out of sun valley for me, and we broke -- my producer and i broke a bunch of stories. but in terms of the major takeaways, one was that these guys are kind of hypocrites. they talk about climate control and have bill gates give them a he canture on climate control while they come in on their carbon-emitting private jets. [laughter] number two, the security were bigger jerks than they are in the past. we can get into that later. but the third takeaway -- [laughter] out of here is that viacomcbs, about two years they made shari redstone the controlling redstone family which are the controlling shareholders and merged them together, she, according to people that watched her interact at the conference, that she is clearly signaling that she wants to shop the stock. that doesn't mean that she's actively shopping it, okay? but clearly, what came out of this fr

. >> sandra: charlie gasparino does not like to go anywhere with a don't know his name.nd covid coming you never know. >> this is so beautiful, by the way. >> sandra: enjoy and report back, we will catch up with you soon, thank you. benjamin? >> benjamin: the irs struggling with over 35 million unprocessed tax returns at the end of their 2021 filing season in may. according to a watchdog group the national taxpayer advocate, that is four times a backlog they had in 2019. the watchdog reporting this was the most challenging season the irs and taxpayers have ever experienced. what a backlog. 35 million is incredible. maybe they should start by slashing the tax code itself 70,000 pages. >> sandra: interesting commentary from benjamin hall, 35 million tax returns still unprocessed is really something affecting a lot of folks. meanwhile, britney spears manager is calling it quits after more than two decades with the performer. why he says his services are no longer needed and what this may mean for the singer's legal fight to take control of her own estate. >> benjamin: plus,