we bring in jim grant of the interest rate observer. great to have you, jim.n time. no move on anything. what do you say about how the fed is doing right now and the decisions they have made? >> one way of looking at this is two -- house prices up 18, 16, 23% depending which index you look at. the fed is buying $40 billion in mortgage-backed securities to facilitate borrowing at lower rates what otherwise would prevail. you do wonder why. house prices are up faster, more furiously than any in previously recorded -- [inaudible]. the fed is contemplating more mortgaged back securities. this [inaudible] one could change the metaphor from a world on fire to a world in stage deeply emersed emerseda flood and shooting a fire hose and [inaudible] i do -- liz: we're going to flood and the fed is shooting a firearm. i am envisioning that right now. i don't see any action let alone picking up any kind of weapon although he keeps promising they will do something if they start to see inflation is lasting a lot longer. but it would have to be a lot longer according to jay

jim grant sounding the alarm right here on "the claman countdown." something tells me that we are definitely, jim, going to see this interview watched multiple times. what we're going to do is put it up on foxbusiness.com as soon as we can turn it around. but you're basically saying that this could truly be an issue. what do you make of the equity markets as they charge ahead at this moment? can we shift the prism to that? >> i think they're listening to the chairman of the federal reserve board and are quite correct in judging -- [inaudible] almost anything rapid than tighten at this point. i don't know, to me, the thing is the level of interest rates. creditors are accepting more or less without protest significant less interest income than compared to the rising rate of prices. so negative real interest rates are on offer. nobody's walking around with big signs outside the federal reserve. it's quite a striking -- liz: well, you have, you've just kind of done a verbal sign right here on fox business. jim grant, grant's interest rate observer, we th

they've got to stop and pullback liz: teddy, a week ago, jim grant of the famed grants interest rateshow and accused the fed of malpractice saying you guys should have started tapering at the last meeting and the fact that you didn't is a real problem. so do you go into or away from housing stocks it's like give me shelter away from housing stocks if tapering starts? >> well, by the way, i can't believe kenny's enthusiasm for a fellow of his age. he's pretty good, but liz: that drew blood, kenny. >> listen, i think the issue here now, you know, we're not going to be able to figure out what the fed should or should not be doing and i think we let the market tells and mr. market never lies and now we go for the bond market too but maybe there is a side barisha use here aside from the fed and tapering and that is that whole reopening trade could be teeter ing a little bit at the moment because of the resurgence of this delta virus around the world. clearly, we're not out of the woods yet. yes all the signs in the u.s. , the u.s. economy is doing fine and we're about to get into the seco

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jim grants of grants interest rate observer, has a blunt warning.ating up, the ipo market has been

. >> julie: so congressman jim clybourn, is they say that he doesn't exist and yet the federal education department is granting people and districts who are teaching it. you have the teachers union endorsing it in their bylaws and passing it and you have them teaching their teachers how to fight back against parents who want it gone. here's the deal. there's a cottage industry and it's very ideologically driven and there are also a bunch of people who are over credentialed and it done who are creating a business out of teaching our kids how to go to little marxist activists and teaching them to hate america. it's happening and parents know it because her kids were home on zoom for a year and they thought themselves. don't believe your lying eyes and that we need to keep the pressure on and expose. it's wrong and it's hurting our children and they can't even do the basics like teach them how to read or write. we got to wrap it up. >> i'm just so angry about it. do your job, teach them how to read and write, not race relations and teach them how to hate america. >> let's hope all of our kids are in school come s

grant. jillian: that is funny was i didn't know that. todd: big our ahead. todd: jillian: indiana congressman jiml nerve aches, weakness or discomfort in your hands or feet? introducing nervive nerve relief from the world's number 1 selling nerve care company. as we age, natural changes to our nerves occur which can lead to occasional discomfort. nervive contains b complex vitamins that nourish nerves, build nerve insulation and enhance nerve communication. and, alpha-lipoic acid, which relieves occasional nerve aches, weakness and discomfort. live your life with less nerve discomfort with nervive nerve relief. todd: it is friday july 30th. i mean no offense when i say to my masks, they protest the return of covid 19 restrictions. we are live in washington as house speaker nancy pelosi calls for americans who make to be arrested. jillian: a different story on the border were migrants are released daily. todd: you get a check, you get a check, everyone gets a check.

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grant thornton chief economist. he is sticking to the party line, but is this the party line? jerome powell saying this is transitory but jimullard telling bloomberg earlier today it is time to taper. is there agreement within the fed right now? diane: no, i think you'll see debate get heated, and this is where powell's challenge will come, especially into the summer and fall. once we get into 2022, voting members, those presidents will take voting positions and will be dominated by people who penciled in 2022 rate hikes. this debate about tapering and when to do liftoff on rates will heat up in the fed, and that is fair enough. what chairman powell has laid out is he thinks this is a level shift up in wages and inflation, and then we will settle down after we do that level shift up. it will be transitory, but if he is wrong, he says it will be transitory either way because we will deal with it. his timeframe has become more clear in all of this. through the end of the year, they'll be watching things closely. if you don't see a change in momentum out there through the end of the year, that will make the fed act much more a

jim? >> goes in a way to explain why we are in so much trouble in this country with covid. >>> joining me is the former arizona republican grant woods who is now a democrat and the former clinton white house adviser paul begala. thank you so much to both of you. grant, this audit has taken on a life of its own. i hate calling it an audit without calling it a sham and a charade because that is what it is but republicans have gone to arizona to show royalty to trump and now trump speaking in phoenix. how worried are you that this cult-like behavior will continue to get worse? >> jim, i think it probably will probably because that is what it is. i think we could keep perspective on this. in arizona, we used to most of the time we had two republican senators why now we have two democrat senators. joe biden won arizona so that's kind of where the voters are. that wasn't long ago and when you look at arizona the republicans have a problem in ads az. it's only getting worse. arizona's a state where we have about a third republicans, a third democrats and a third independents. so yeah. the ones who are left on the republican party are

secretary, grant shapps, has said the end of social distancing on 19th july may mean the app needs to change. there's been a huge rise in alerts as infections surge. 0ur health correspondent jimst week ofjune, telling smartphone users in england they have been near someone who later tested positive for covid. this climbing centre in surrey had to close this week after 13 of its staff were pinged and couldn't come into work. it really just escalated to the point where we ended up with probably only two staff members that were available, so we had to act very quickly obviously. so what's been the knock—on effect for the business as a whole? i don't even know what's going to happen for the future, but as an immediate impact on the basis we're losing income again. and it's going to hurt. the nhs covid app uses bluetooth technology, a data signal that can work out... that can work out roughly how far your phone is from another device and for what length of time. an algorithm then calculates how risky that contact is. above a certain level and you get told so self—isolate for up to ten days. but unlike a call from test and trace, that instruction has always been advisory. an update

are taking black voters for granted, especially because the white house has said, well, people will just outorganize voter suppression? >> what i believe is that this is not jimuntry, they're going after everybody, black folk, white folk, black folk, native, asian people, the disabled, women. we've got to look at what this is. now, race is certainly there, but it's also connected to power and economics because the same people that are suppressing the vote, suppress living wages, suppress health care. so what democrats have to decide, you ran on this and said you were going to do this. you said you were going to deal with voter suppression and deal with living wages, those two things. we've already seen the filibuster block living wages. now we see it blocking voting rights. we must have end of the filibuster, passing the real john lewis bill, the for the people act that he wrote. the voters right act restoration needs to be passed and $15 minimum wage. otherwise we are abandoning the infrastructure of the democracy. and to get an infrastructure bill that fixes bridges but then you abandon the infrastructure of the democracy, which is voting, the bridge to all

i have no say in granting this out, but the difference between the truths on both sides and reality in the middle is that there was a lot on the side. that is very simple. texas jim crow laws took place by democrats until literally the year 2000. and it was a two party system that changed what is occurring. a two party system. and yet our witnesses are here to go to one party rule. i don't think that's what makes america great. i think they should understand that. i think it is a constitution. i think it is a supreme court. and one party rule would overrule everybody, including the supreme court. they would overrule everything except political consideration as opposed to the law. i would ask you rethink what you are doing. i want to thank you for being here. i would sincerely like to find the differences between those that we have. i would encourage you to please contact me to do that. mr. chairman, i want to thank you. >> mr. thompson, did you have anything you wanted to say in closing? >> we have differences, but reasonable minds can differ. i'm ready to work with you, brother. mr. chairman, if you will just give me a moment. i want to thank you for this meetin

jim jordan. >> first, doctor fact she knows there's a lethal virus on the loose starting in wuhan china. he knows the american taxpayers funded gain of function research in wuhan, china. third, he knows the research grantoversight board, he knows the virus looks engineered and not consistent with evolutionary theory and finally, doctor fauci knows he may have ties to the work in china. his fingerprints may bee on this but it would have been nice, mr. chairman, if doctor fauci would come today and s answer our questions, he could pump and defend himself but he didn't have the courage to do it. you can go a day and not seek doctor fauci somewhere. now when we have e-mails he's sending out at 12:00 a.m. and 2:00, a.m. gain of function that didn't go through the process it's supposed to go through and we have all this evidence suddenly, you can't find him. elizabeth: doctor fauci defense, he might say he didn't want to go because he didn't want to be attacked. he sank into minor collaboration with the wuhan lab, what you say to this? >> i think first, there are reductive parts of these e-mails and some refers to the wuhan lab theory, we deserve to know for transparency in the public what was said in the e-

secretary grant shapps has said the end of social distancing on 19july may mean the app needs to change. there�*s been a huge rise in alerts as infections surge. our health correspondent jimits staff were pinged and couldn�*t come into work. it really just escalated to the point where we ended up with probably only two staff members that were available, so we had to act very quickly obviously. so what�*s been the knock—on effect for the business as a whole? i don�*t even know what�*s going to happen for the future, but as an immediate impact on the basis we�*re losing income again. and it�*s going to hurt. the nhs covid app uses bluetooth technology, a data signal that can work out roughly how far your phone is from another device and for what length of time. an algorithm then calculates how risky that contact is. above a certain level, and you get told so self—isolate for up to ten days. but unlike a call from test and trace, that instruction has always been advisory. an update to the app later this month could make that more explicit, then from mid—august anyone double jabbed in england will be able to avoid self—isolation completely. but the recent spike in covid cases

granting them "free movement" at a polling location. ms. thompson: people with no training coming in your area. rep. ocasio-cortez: this s ounds an awful lot like the jim crow you are born into. what you say that these proposed voting laws are remnants of jim crow? i shouldn't even say remnants, revivals, and attempted revival of jim crow? ms. thompson: absolutely. jim crow 3.0. rep. ocasio-cortez: would you agree that they are systematic measures to impede your community, black communities, latino communities, and wide variety, including disabled americans, the constitutional right to vote, as was done in the past? ms. thompson: yes. rep. ocasio-cortez: now, let's talk about voter quote-unquote, the myth of voter fraud. only about 0.0006% of total mail in votes cast are results of voter fraud. that's less likely than being strict by lightning. are you familiar with the 2016 case, texas association of hispanic county judges versus greg abbott, the same governor who is supportive of these bills? mr. bernal: yes. rep. ocasio-cortez: what did we learn? mr. bernal: texas discriminates against voters because of their race. over the past 10 years, texas has