connell mcshane live were what the president is looking to do via executive order. hi, connell. >> it was a sweeping executive order signed by the white house. a lot of people said he was going after big tech. but after all, big business or big acquisitions. when president biden was speaking, he talked about the money spent buying competitors. the impact could be higher prices and lower wages. he's pushing for a different kind of capitalism. >> the heart of american capitalism is a simply idea, open and fair competition. that means that if your companies want to win your business, they have to go out and they have to up their game. better prices and services, new ideas and products. competition keeps the competition moving. >> the outline for the president was not a new set of laws or even specific rules. it was a road map for other government agencies to come in and eventually write some regulations that might relate to the companies. so the end result he hopes is more competition. the president comparing this a -- >> he gave the little guy a fighting chance. >> tr

let's take you to the white house and connell mcshane. >> reporter: as you say, liz, he's sticking tohe end of august. we knew the troops were coming home, but now what, what do we do in afghanistan, especially with the resurgence of the taliban which has been such a big and real story there as american troops start to get out. the taliban has become more resurgent, and the president said today, well, you know what in they're still outnumbered, and a taliban takeover in afghanistan is by no means inevitable at this point. the pentagon says that 90% of the troops are already home, and again, the president remains committed to bringing them all home. here he is. >> i will not send another generation of americans to war in afghanistan with no reasonable expectation of awe e chiefing a different outcome -- achieving a different outcome. the united states cannot afford to remain tethered to policies created in response to a world as it was 20 years ago. we need to meet the threats where they are today. >> reporter: these remarks coming a week to the day when u.s. forces suddenly left bagra

connell mcshane is live at the white house. connell, amazing, we got a big rally. there doesn't appear to be any fear here about increasing regulations. >> reporter: your point you just made, liz, maybe is the reason why. it takes a while to get to that point. you're essentially asking these agencies to work on regulations that may or may not totally come to fruition. but at this event at the white house, it was far-reaching, a what we heard from president biden. he talked a lot about mergers and acquisitions not just in tech, but in all kinds of industries and says when they happen -- and they have happened so much especially in recent years -- what he says you often end up with are higher prices, you know, less competition through less choice for consumers, and he's pushing for what he described as kind of a different type of capitalism. here he is. >> the heart of american capitalism is a simpled idea, open and fair competition. that means that if your companies want to win your business, they have to go out and they have to up their game. better prices and serv

connell mcshane in the middle of it in casper, wyoming.e of their animals. we heard cows in wyoming ending up in nebraska and oklahoma. it has been really dry here. we have video of the land itself, you get a sense or feel as the camera moves around, how dry is really is. it is dry as a bone. it has been dry for quite some time. the cattle grazing on the land, they're trying to do up best to fine any source of water up in the mountains. we were talking to a husband and wife ranching time, rob and leslie hendry, they have been fortunate. they have moist land on their property but they haven't had to sell cattle. they're taking a financial hit as a result of the drought. if these conditions, when the cows don't eat as much, they don't grow as much. >> the calves, usually our calves way 490 to 500-pounds and this year we hope they weigh 440 to 450. that is less per head. so less dollars. reporter: are you worried about the future? some people look at the weather and patterns of how crazy things have been, boy, maybe this is the new normal? ar

connell mcshane following it very closely. connell, what does he want to do here?enate democrats. potentially a bipartsan infrastructure bill, and leader schumer wants to file cloture today on a motion that would set up a procedural vote for wednesday, and that's the big today we're looking at, wednesday. he's also set a wednesday deadline for democrats to agree on their $3.5 trillion budget bill. that's the big one. on "fox news sunday," louisiana senator bill cassidy is actually one of the republicans who's negotiating on infrastructure. he was asked if you can, indeed, separate the two. >> absolutely. because the $1.2 trillion infrastructure is over a 5-8 years depending on what what aspect. the american people universally want it. the spending's somewhat on the back end. it won't worsen inflation, it'll create jobs. that is very different than what is being offered with the $3.5 trillion. >> reporter: yeah, that 3.5 trillion, yeah a that's the big one expected to include medicare expansion, paid family medical leave, expansion of an already-expanded child tax c

connell mcshane right now at the white house. ell. >> it would not be the government but private companies. i just had a conversation with jen psaki about this topic. the white house position on this is they're not going to require vaccine passports. what they will do and have done is encourage private companies to do whatever they think is best. yesterday she talked about that. i'll put up the quote, a number of private sector university institutions that are starting to mandate. that's an innovative step that they will take and they should take in terms of government involvement today she added this. >> the federal government doesn't have a database of who has been vaccinated. that's not our role. we don't maintain a database along those lines and we have no plans to. we know where there are rates of vaccination across the country and as i just listed,s will tactics that are powerful and impactful. i will say the thing that is frustrating to us is that when people are critical of these tactics, it's a disservice to the country a

connell mcshane has the details. connell?t all up charles, it is well over 4 trillion on the table from the senate democrats. it does look like we're running into issues just within the last hour on that smaller portion of you mentioned. maine republican senator susan collins spoke to a bloomberg reporter that the senate will not be able to meet a wednesday deadline related to infrastructure. we'll see what comes. collins is an important moderate here. that is one of two wednesday deadlines imposed by senate majority leader chuck schumer. the other one had to do with the the gigantic budget bill of 3.5 trillion. let me talk about the bipartisan infrastructure bill that may or may not be in trouble. that was supposed to have 109 billion for road, major projects. old school infrastructure. billions for power, rail, broadband, those type of things. there are he 11 democrats and republicans. they have some speed bumps on the way they pay for it. collins says we're not going to be ready by wednesday. she wants schumer to delay it.

connell mcshane on all of that.e reimposing and the restrictions of masks and that sort of thing like la county is doing in california to take effect this weekend but what is going on here? what is growing on here? after this. curing portfolios, time after time. gold. your strategic advantage. ♪ ♪ with cutting-edge tech, world-class interiors, and peerless design... their only competition is each other. the incomparable mercedes-benz suvs. extraordinary runs in the family. visit your local mercedes-benz dealer today for exceptional lease and financing offers. ♪ ♪ 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. ♪ [ "me and you" by barry louis polisar ] to d ♪ me and you justogy 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 ♪ ♪ me and you singing in the park ♪ ♪ me and you, we're waiting for the dark ♪ and there

my buddy connell mcshane is at the white house. connell, as far as i know, inflation pressures are transitory, look what is happening on the jobs front, the jobless claims front, all good. is that still their take? reporter: pretty much, arguing things are getting better rather than worse. it will take time but they have already seen x-amount of jobs added since the president has taken office. you mentioned jobless claims. i did think that number this morning brought up some questions however because it seemed to hint, only one week, that the job market recovery might be slowing a little bit. 373,000 people filing for claims for the first time. that is more than expected. that is somewhat odd if you think about the fact we're in a market right now or in a country right now where there are more jobs open than there ever have been in the past. you would think they would be snapped up quicker than they have been. now in a move maybe somewhat related, trying to address this we're told the president will sign an executive order soon to c

neil: connell mcshane will update us on this story as it continues throughout the day and the president will be making remarks on this but if you are like me you are wondering how is it the dow jones industrials, technology plays a dominant theme among its members the nasdaq racing ahead, all 3 market averages for the week and it has been a wild one are up in the face of the so how is that possible? could a break up of these companies which both parties have been advocating, the market sees that as a boom, the pieces would be worth more than the whole. i can't figure it out for my next two guests have a good handle on it. danielle, let me ask you first about the market reaction to this because it doesn't fit the common approach in response you would think to the government cracking down and that both parties for various reasons are interested in cracking down. they are more than merely going along. all stocks are. what do you make of it. >> what you are seeing today in pricing action and the market is certain things can be accomplished via executive order, 72 executive orders, 12 agenci

that's where you'll find our connell mcshane. >> reporter: hey there, neil.made by major league baseball a few months ago, we did not completely escape the politics last night. if you watched the television broadcast of the home run derby last night, you may have picked out a commercial that ran, it was an ad a paid for by a committee that supports are republicans in the senate. and it was attacking democrats and reminding people that the game, indeed, was moved from atlanta to denver for that reason. being at the all-star game is also a chance for us to take stock of baseball from an economic perspective. even though the game still brings in big money in a lot of ways, there has been some concern in recent years about attendance about tv ratings with critics saying it just isn't as exciting for young fans as it used to be or other sports still are. so we caught up with scott boris, one of the best known agents in baseball, talked about some of the ways maybe the game might change do to make it -- to make it more exciting. >> the skills of a player not exhibi

we have alex hogan on the storm front and what she's leaving behind and then of course, connell mcshanewhat they're hoping to do. we begin with alex on elsa in new york. alex? >> hi, neil. this storm causing flooding, storm watches, even tornado warnings. elsa has

connell mcshane is at the white house with the details. connell. >> reporter: you're right, it wasn't just big tech, it was the president taking on big business in what he hopes vernallingly will be a big -- eventually will be a big winch -- win. it was aimed, he says, at promoting more competition in the marketplace, some more competition across many different industries eventually with the goal of helping consumers by lowering prices and raising wages. >> fair companies is why capitalism has been the world's greatest force for prosperity and growth. by the same token, competitive economy means companies must do all they do -- everything they do to compete for workers. offering higher wages, more flexible hours, better benefits. >> reporter: now, to be clear about this, the president's plan today does not actually put in new rules or regulations in place right away. instead, it provides something of a road map for the commerce department or another federal agency to write these new regulations eventually which could have quite an impact do

executive order this hour, with as many as 72 actions aimed at raping in big tech and others , connell mcshane house with the very latest. connell: i think you said before the break it was a sweeping executive order and that's about right and a lot of people are talking about big tech but it's more than that, just happened here moments a gear we're still relying on the bullet point version of all of this putting it up on the screen a little bit of what the president was talking about when he said there be more scrutiny for merlingers, of big companies talking a lot about that. just in general, it was all about competition, would stop unfair methods of competition, as he sees it and there will be more regulation here, regulation on things like data privacy, and the current system according to the president just isn't working because companies don't have the right incentives. here he is. >> rather than competing for consumers, they are consuming their competitors. rather than competing for workers, they're finding ways to gain the upper hand on labor, and too often, the government has actually m

fox business' chief national correspondent connell mcshane is right this in casper, wyoming. reporter: well, from some ranchers, liz, we're hearing they've had to sell off cattle, a position they never want to be in because they simply can't maintain them because it's been so dry here. what happens in those cases if you sell off cows here in wyoming, they might end up as far away as nebraska because the other western states are so dry. i want to introduce you to a husband and wife ranching team, rob and leslie hendry. they've been ranching for years. in fact, rob's family -- not rob himself, mind you, but rob's family has been ranching out in this area since 1906. and between himself and his wife leslie, they have a lot of experience. take a listen. >> this is probably the worst i've seen. i've been out here for 40 years, rob and i have been married 40 years, and this is the worst that i have seen. it has been dry before, but then the next year it would usually get some rain, and we'd pick up and be okay. this is the first year for us when we turn our cows out in march to sta

connell mcshane, thank you very much. he's looking at me like what the heck are you talking about.me airings tonight at 7:30 -- airings tonight at 7:30 p.m. eastern right here on fox. >>> as worker shortages and rising food costs threaten to eat at margins, will restaurants soon be putting price hikes on the menu? are they going to be forced to do that? what p.f. chang's ceo has to say about it as he prepares to launch 50 new to-go locations by the end of the year. the dow, the s&p and the nasdaq all moving lower, down a third of of a percent. we're coming right back. ♪ ♪ ♪ 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. ♪ ♪ ♪ with cutting-edge tech, to deliver our technology as-a-service. world-class interiors, and peerless design... their only competition is each other. the incomparable mercedes-benz suvs. extraordinary runs in the family. visit your local mercedes-benz dealer today for exceptional lease and financing offers. this past year has felt like a long, long norwegian winter.

connell mcshane, thank you very much.paying job opportunities. this is fascinating. break it down for us. >> reporter: it sends the message that if you want a big salary you can get it and not pay to commute, work from home. there is a job site that found 80,000100,$000 a year plus jobs being offered as remote opportunities. that compares with the big cities if you take san francisco and new york, they've got 60,000 jobs or more. 40,000 jobs in boston and washington dc and la making the list. why these big cities, why would you pay those rents if you can have a cheaper cost of living and make potentially more money going to the suburbs so this is one of the trends we see from the pandemic that is probably more than a trend at this point. ashley: i think you are right. fascinating. back to the markets if we can bring in joe durand. you say supply and labor shortages are weighing against the country's pace of recovery but i am still bullish on the market. >> reporter: over the long-term you have to be because what are the a

connell mcshane is at the white house this morning. good morning to you, connell.act as a booster. as soon as we heard from pfizer on that late in the day yesterday, we heard from the cdc and from the fda, and they basically said, not so fast. put a joint statement up where they said americans who have been fully vaccinated do not need a booster shot at this time. nih, which is the national institutes of health, are engaged in a science-based, rigorous process to consider whether or when a booster might be necessary. and i say experts seem to have similar reservations. take a listen. >> i would say that we're not at the position where we can say that a booster is necessary for the general public. it's, it's something that is important to study, it's important to have an fda patway for a -- pathway, but for me, it would be fully vaccinated getting breakthrough infections that land them in the hospital at a high degree. that's just not happening. >> reporter: nothing specifically added by the white house, but there has been an effort to clarify those statements by be

connell mcshane has our report from colorado. he is going to join us next. ♪.three! four! five! 72,807! 72,808... dollars. yep... everything hurts. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪ ♪ 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. ♪ i order my groceries online now. shingles doesn't care. i keep my social distance. shingles doesn't care. i stay within my family bubble. shingles doesn't care. because if you've had chicken pox, you're already carrying the virus that causes shingles. in fact, about 1 in 3 people will develop shingles, and the risk only increases as you age. so what can protect you against shingles? shingrix protects. now you can protect yourself from shingles with a vaccine proven to be over 90% effective. shingrix is a vaccine used to prevent shingles in adults 50 years and older. shingrix does not protect everyone and is not for those with severe allergic reactions to its ingredients or to a previous dose. an increa

connell mcshane in new york, what is the problem? if why the delays?has kind of turned into the summer of delay in some ways for government agencies. for example, americans starting to travel internationally again. the state department can't seem to come up with the backlog in passport applications. it's grown to nearly 2 million. before the pandemic, a standard passport would take up to 6-8 weeks, now it's 18 weeks. the wait times, from what we understand, aren't expected to go down anytime soon, and the irs is similar to that in many ways. the irs had so many employees working from home for an extended period. there was a new watchdog report that's leading accountants and their clients to look for answers. >> basically, you can't really get through to anyone at the irs. and the reason that's happening is they simply don't have the resources. the irs was not geared to be able to go remote. >> reporter: dan geltrude says this brings up a larger point. your goal should never be, as a taxpayer, to get a refund from the irs. >> some people out there will

are saying can't we wait on this , even mitt romney is saying i don't know maybe next monday, connell mcshanell: it doesn't look great on this bipartisan push we keep hearing about neil on infrastructure. that looks like the piece of it at least like it might be in some trouble here on capitol hill. the senate majority leader chuck schumer filed last night on this bill that could serve as a vehicle for nearly a trillion dollars and infrastructure spending and all that does is setup basically a procedural vote for tomorrow, to move forward on this , but what schumer did is he setup that vote before the negotiator, republican and democrat agreed on the content, so democrats are basically arguing hey, listen this has gone on and on and the time had come to get things moving. >> they have been talking and talking and talking in terms of the bipartisan effort and, you know, i think you've finally got to say enough is enough and by the way all that the vote on wednesday is a motion to proceed it's not a final passage so there will be plenty of additional time to work out details but we've got to mo

. >> trace: connell mcshane, thank you. >> dana: does a break in the case of a mysterious killing ofr men last week. what we are running this morning. >> trace: and another stunning drug bust on the border as agents grapple with the staggering influx of narcotics. but how much is actually slipping through the cracks? >> no, i'm not surprised at all, i've seen it through my career. they are going to create partnerships to make money and like i said this board is veryde honorable. e whome,t or you've been the spouse at home, you understand what i'm talking about. your spouse has earned the right to apply for a va home loan. the newday 100 loan allows you to borrow up to 100% of your home's value. so, if you're in a situation where you need some help financially, give us a call. veteran homeowners, home values are at all-time highs. you could have much more equity than you think! banks can loan you some of it. newday can loan you all of it! the newday100 va cash out loan. the tempur-pedic breeze° makes sleep...feel...cool. because the tempur-breeze° transfers heat away from your body...

connell mcshane joining us now. i thought that was a fascinating exchange.he press briefing daily. this administration has been pushed on that. their response has been we don't see any correlation to the extended benefits and people staying home. seems like an admission there. >> almost an acknowledgement even that it didn't go that far. you'll get your answer in september which was an acknowledgement that it doesn't sound like the administration will push for another extension of these unemployment benefits with the delta variant coming up. some people are speculating that that might happen, this is a situation where the data and the anecdotes match up. sometimes you should weigh the data more than the stories that you hear. we've done a lot of traveling talking to business owners and particularly restaurant owners. this is a situation where you have to give more weight to the anecdotes. they're so overwhelming. we were in spokane washington not long ago. a guy did the math that they were talking about last night. even if you do increase salaries he was tel

connell mcshane is live at the white house. >> it is interesting how this had played out.you get a third shot, which acts as a booster. we heard from it is f.d.a. and cdc saying not so fast, americans fully vaccinated do not need a booster shot at this time. cdc, f.d.a. and nih are in a rigorous process to consider whether or when a booster might be necessary, we've spoken to experts who have similar reservations. >> i would say that we're not at the position where we can say that a booster is necessary for the general public. it's something that is important to study. it is important to have a f.d.a. pathway for a booster. threshold would be fully vaccinated individuals getting wrakthrough infection that land them in the hospital at a high amount that, is not happening. >> jen psaki said what is clear, booster shot is not something that americans need to be preparing for right now. the more study is necessary on this had. pfizer plans to share clinical data for experimental covid booster some point next month, some point in august. benjamin. >> benjamin: we'll keep a clos

historic drought out west is worsening, and it's forcing some ranchers to make extreme measures, connell mcshaneto see you, a long time rancher out in this area as david was saying this drought has been something else and you've seen a number of them over the years but how bad is this one? >> well it's pretty severe and we don't know when it's going to end. people have had to sell cattle early. we may have to sell them early we're hoping not, but if we run out of feed completely, we've got to go with them. the calves they are going to weigh less this year than they did before, and so that's less dollars per-head and that really affects your pocket book. connell: if you're looking in the background maybe saw green grass out where the cows are crazing but if you look at the ground where we're standing you get a sense of how dry it is, to that point about the economics, how does it work for you? you make less money as they weigh less? >> yeah, they weigh less, we sell them dollars per pound, and this year, they'll be around $2, we're hoping, and so when you get less money, because the pounds are le

well, jonathan hoenig is from chicago, is in chicago so he knows what the worries are there connell mcshanenew york and chicago are linked with this crime thing, so much so that now the guy who could be the next mayor is a former 20 year veteran of the police force and its gotten to be such a big concern even among traditionally liberal voters that crime and safety was the number one issue for them. i'm sure it's a big issue in chicago as well, so what do you think of what the mayor is saying, what the president wants to do in coordination with her, what? reporter: well neil, i wish there was a quick fix to the unbelievable outburst of crime in new york, and certainly in chicago. i mean, there's always been crime, neil but it's all things metastasized in a blatant obvious way you really haven't seen it before. looting in the middle of the day , you know, homes and businesses being burglarized so you wish there was that quick fix when it comes to fixing these problems certainly in the community like new york or chicago. i wish it was in both these mayors in chicago and the presumptive mayor

connell mcshane is in the town of glenrock wyoming. see if i get this right.t town want the nuclear plant in the town, right? reporter: absolutely. they want the jobs that come along with it. they know the coal-fired plant that has been in glenrock is going away. people want something to take its place. you get the sense this is a very small town. the population is only 2600. so when that coal plant does close it will take almost 200 jobs with it. that is a lot around here. the mayor and other local officials we've been speaking with, they know they need a replacement. >> i think it would be a good thing for our town to, probably bring more people in. >> glenrock, we've been a energy city if you will, town for the entirety of our existence. for us here, this is a beautiful opportunity to continue developing energy that the rest of the country needs and uses. reporter: now the company behind this is terra power. bill gates is the founder of tara power. it is promising that the new technology will put safety concerns about nuclear. it using liquid sodium as cool