liz: okay, jim. do we need to -- now the tapering, does the fed need to announce tapering at the next fed if meeting which is in august? >> at the prior fed meeting, it should have announced. but notice he did clear his throat and say we may begin to at some time talk about beginning to talk about tapering. the problem is that we have the highest equity valuations except for one exception or two, we've got the lowest interest rates, we have the most determinedly easy cash, and the picture doesn't quite jibe. why the is the fed pointed on it? i don't know. but they insist on doing just that, and i think the fed e is basically admitting, through the voice of james bullard, basically admitting to malpractice. liz: malpractice. okay, i think that's a headline. and i also think it's a headline that you have just said that the fed should have started tapering at this most recent meeting. all right, so what is the investment play here, jim? and as you look at it, treasuries look like they're dead money. >>

liz: i see.raftkings? we put in a call the them, tom, and they said they did not have any comment. have you guys heard from them? >> no comment that aye been aware of -- i've been aware of, no. liz: and do you have a price tag on this? any kind of number you're looking for? do you expect that it'll go all the way to trial? are you ready for that? >> well, we're not commenting at this point in the litigation on damages or those kind of issues, and we're just going to continually assess the best way to protect our ip as we go. liz: i want to talk about how you guys, over covid, over the pandemic, really conducted this i want to say three-way merger. you guys have so many different companies under your umbrella, everything from frankly to stream hatchet to winview which, of course, is the online wagering giant. you got to tell me exactly how this came about and why you feel you guys are more of a unicorn and not just gaming space, but more of a media intersection with gaming and while one apparently

liz: okay. we're looking at the vix right now, guys, and i just want to point out it has now gone back up above 19 barely. hue of the session, i believe, was around 21. there is some fear in the markets here. sarge, buyers mussed the bottom this morning. -- missed the bottom this morning. what moves are you making, and do investors get another chance in the next 55 minutes here? >> investors may get another chance. what i did this morning was i got out of my names that were winning this morning. i sold out of my united natural foods which was up huge. i got out of some fedex because that was up nice, and i moved into areas that i wanted to reload a little bit but were down huge. i added to micron and taiwan semiconductor. i'm actually down on those two names. i added to wells fargo, and i added to freeport-mcmoran and southern copper because i don't think the copper trade is over. and i think the slower economic data we're having right now is probably going to hold congress to push up on the fis

liz: anytime.son casting disney as the super-villain in hollywood's latest epic battle. even as the mouse house swats back with its own accusation, is the black widow star's breach of contract claim about to upend streaming stocks? with the closing bell ringing in 38 minutes, we have got a live report on on this very fast-developing showdown next. dow is down 134, we're coming right back. ♪ ♪ [sfx: radio being tuned] welcome to allstate. ♪ [band plays] ♪ a place where everyone lives life well-protected. ♪♪ and even when things go a bit wrong, we've got your back. here, things work the way you wish they would. and better protection costs a whole lot less. you're in good hands with allstate. click or call for a lower auto rate today. only 6% of us retail businesses you're in good hands with allstate. have a black owner. that needs to change. so, i did something. i created a black business accelerator at amazon. and now we have a program that's dedicated to making tomorrow a better day for black busin

liz liz yeah. and as president biden begins to speak, we are expecting to take the q and a portion of this. you look at the vaccine makers, they're not doing much today. but if we dovetailing to things like jobs, we had an incredible jobs number for june. we know that this is a red hot economy. look, we want to help the helpless, certainly, but isn't it time now to stop with the stimulus and start getting people out there to full some of these job openings of which there are millions? >> so i would probably frame it a butt different. i think it was -- a bit different. i think it was very important with the vaccination distribution and the relief package that those were the two priorities in president biden's first hundred days. i think actually right nowings as you just commented, the infrastructure bill is the most important thing. i do think that the rest of the stimulus and the fed response, we have to start tapering that off pretty much completely and see where this economy goes on its own base

liz: we hear you. dr.aphier, you know, given what andy just said, tell us more about the delta variant. we have the u.s. surgeon general warning of more local mask mandates. how serious is this? >> i think a big problem we're seeing with what we described in the market is that you know, we have a lot of information that is being muddied and people are panicking. unfortunately, it is because of poor communication. the delta variant makes up 60% of new covid-19 infections throughout the united states, not covid-19 infections, but sars-cov-2 infections. we're seeing rising cases in certain areas of the country, there is a small uptick in hospitalizations as well. over the last three weeks we've gone from 15,000 hospitalizations to about 25,000. those are not the same numbers we saw during the first and second wave we saw a bump in hospitalizations. here is the news when it comes to the delta variant. first of all the vaccines are working against it. it is keeping people out of hospital and saving lives. 97% o

liz: yeah, great to buy. >> i don't hate your commentary liz: hey! [laughter] great to see you both. scott, sarge, yeah, listen, you both are top. i watch you and read you all the time and in the meantime let's get to the fox business alert we got to get to this. china dropping the hammer in today's pop stocks, first of all , let me backup the clock here. the hong kong stock exchange, called the hengseng fell more than 4% overnight, a flurry of regulatory moves taking down china's top foreign rated stocks , first up the crackdown on four profit chinese tutoring giants this started last week but friday's threat really came to fruition over the weekend. the chinese government has now ordered for profit education companies to register as non-profits. not good for publicly traded companies, right? new rules are also banning private education firms from raising capital, or going public, a clear shot across the bow for those who dare to lift on the u.s. stock exchanges and other countries. names like edu, gsx caltech which is go to, you look at these names

liz: right. but, tim, i get this, and i absolutely agree that robinhood was able, certainly, to spark a profound transformation, certainly, in retail trading x. that's all great. but maybe the stock is below its ipo price because investors are asking how is user interface somehow superior to, say, a td ameritrade or a schwab? they're free too, their average account has way more than robinhood's. >> oh, yeah. but with, you know, the stock trading early is probably a result of robinhood deciding that they wanted the individual investor, they want their customers to have a big share of that ipo. and i think that whenever you cut some new turf, i know we had a similar situation when coinbase went public, whenever you cut new turf, you going to have some uncertainty around the stock -- liz: well, that's, that's not -- i don't think that's because they opened at, that's not because they opened it to, you know, to the retail trader, the ipo -- >> well, they carved out a certain amount for the retail tra

liz: okay.mp on it, it's very much a sign of future things to come so thank you very much. >> thank you, liz. liz: billionaires, tech titans, media mavens descending on sun valley idaho, berkshire hathaway warren buffett is there, and cheryl sandberg and bob kraft showing up all arriving in idaho today and of course charlie gasparino in the thick of all of it, stirring the pot. charlie 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 st

back to you, liz. liz: yeah.got it. >> is he -- was he severely ill? liz: i mean, he's feeling the symptoms. feeling the symptommings. >> but like i said, you know, it's not going to be perfect, and is we're going to have to live with this. liz: of course, absolutely. >> but if you're vaccinated, the chances of you getting it, like, landing in the hospital are very, very, very low. and don't take my word for it, my brother's an expert, m.d., ph.d., brooklyn hospital. he's got great credentials -- liz: now. >> you know. you met him. liz: i love dr. jimmy. thank you, charlie. >>> you guys know this about me, maybe you don't, i spent nine years in local news where, when we had a story, we went out in the field to cover that story. so in march when we land ared the ceo of bitcoin atm maker coinflip, i went straight to a deli in hackensack, new jersey, to try it out before i did the interview. the company that makes those atms, coinflip, has a new ceo. he is here a day after the b-word conference to tell us if the cry

liz: okay. you're saying muted picture for growth, we just had david kelly yesterday from jpmorgan saying he is expecting 10% gdp percent quarter. what are you talking about? i mean, we're looking at strong growth, are we not? >> that, that is what david kelly is saying and what we're seeing from the bond market at least is more muted growth. we've been saying the s&p is not necessarily gdp. we may have pulled forward a lot of this forward growth expectation talking about a trailing one-year return in 30% range well beyond long-term historical averages and protecting client capital, we start to get a little concerned about that. liz: chris, you watch the bond market, you watch the stock market. you're looking at puts calls for all kinds of sectors. what are you seeing as far as the flows are concerned? >> well, i would say this, i mean, the time to prepare for the rainstorm is when there's no clouds in the sky. so this is when you want to be -- liz: right. >> last week we had a 4% break, 4% brea

liz: yeah, i get it.re, the senate test vote on the bipartisan infrastructure bill has just now failed. the vote, along party lines of course 50 votes each but senate majority leader chuck schumer switched his vote to ney at the last minute, in order to be able to bring the bill up for a vote at a later date. politics, folks. washington and politics. all right, coming up, why you should check into hotel stocks, our countdown closer is next, with his name. stay with us. ♪ ♪ 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. . . 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. ♪. liz: okay, you guys in the commercial break. we just hit new s

>> thanks, liz.investors but i would prefer a fully diversified portfolio. we've seen the fangs lead the last three months. earnings are coming out later this afternoon for many of them. slight overweight for cyclical sectors. i believe those are best positioned next six to 12 months, financials, materials, industrials. half the stocks in each of those sectors are at three-month lows. financials have the benefit of you know, no longer having caps on buybacks or dividends. we see dollar that appears to be peaking that would be better off for the industrials as well. liz: yeah the industrials are a mixed picture. tough to be high to the upside here on a day where almost everything is selling off but you've got to tell us, john, what would be the catalyst for the materials? we do not have an infrastructure bill. we don't have that exciting, sort of movement forward at the moment. we have the new mask mandates announced about 52 minutes ago. tell me what you see as the catalyst? yeah, i think there are a

liz: thanks for joining us.head, former white house press secretary kayleigh mcenaney is here to weigh in on former president trump lawsuit from a new gop push to crack down on social media and we've got the bombshell about china getting pregnant women around the world, we are going to break that down coming up. >> this is the most important first amendment case of the 21st century different because it puts freedom of speech on the one hand against first amendment link on. but it is the giant banning against c remote like to do something so they are using efirst amendment sort against freedom of speech. ♪♪ they guide me with achievable steps that give me confidence. this is my granddaughter...she's cute like her grandpa. voya doesn't just help me get to retirement... ...they're with me all the way through it. come on, grandpa! later. got grandpa things to do. aw, grandpas are the best! well planned. well invested. well protected. voya. be confident to and through retirement. (vo) singing, or speaking. reason, or

liz? liz: work-from-home through 202r today.e're seeing such a powerful rally, but lidia, interesting thoughts and some of the best ideas due come from small businesses. lydia hu in san francisco, and you've heard from ben michley, the crunch fitness franchise ceo a few moments ago and he was on yesterday. what you didn't hear was how he became founder and ceo of crunch talk about an amazing story. he never finished college, ended up trading out work at a gym for a free membership. what kind of work? try cleaning and repairing gym equipment. flash forward 15 years and he the ceo of crunch fitness franchise. you've got to hear his story in my latest everyone talks to liz podcast epidemic that just dropped today available on spotify, apple, google wherever you get your podcasts. okay folks apple tv, not apple, apple tv right? the streaming part of this , apple tv plus going full hollywood, the wall street journal reports the streamer behind the morning show looking to lease a large production campus in los angeles to support its g

liz: yeah. you know, when you talk about what it's manifesting, let's just keep in mind that there is a sort of a low boil underneath, and that's a positive one. we're seeing earnings simmer, right, ernesto? we've seen robust earnings in the first week where we're having sort of the reveals of how companies have done over the past quarter. but what do you sense, and are you concerned on a day like this or you buying? >> well, as far as buying, i think you want to wait a little bit longer. you want to wait until the vix crosses 30, that's a better buying opportunity than right here. it's tempting to put some money to work, but i would give it a chance to sell off a little more. as far as the earnings, they're coming in strong, you know, for the year the market is expecting 50 plus percent earnings growth. having said that, that is already in the price, and so what the market today is realizing is that that you're going to have lower economic growth than you thought you were going to get a couple

liz?t various people riding to the rescue of their fellow citizens and saying maybe that's what it takes. by the way, barbara boxer's attack is being investigated by the local police department. guess what? in new york, something like that might not even get the attention of the police department because so many more difficult things and violent things are going on. so again, it's a little bit law and order not for me or whatever, we need to have a more rigorous enforcement of existing laws and we need to change some of the laws that are refusing to lock up people who are committing these acts. dagen: you shove an elderly woman here in new york and steal her cell phone, no bail. you'll be right back out of the street. you'll be given a desk appearance ticket and then almost guaranteed that individual will be picked up for a worse crime, likely a more violent crime. it might be weeks. it might be months. but it's a revolving door for criminals. meantime, you have the demonization of police

liz cheney shares nothing in common with your politics. she's a law and order republican, which is why she thinks this needs to be investigated. she sees this as a breach of law and order. >> 100%. liz chene above all else, like us, is the constitution. a pursuit of the truth of what happened on january 6. it's kind of hard to be lectured by kevin mccarthy, especially on

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liz: the flames and the gas.of grant's interest rate observer after the federal reserve open market committee back in june but now that we know what jay powell has just announced, no move on interest rates and frozen in time on any kind of tapering of bond purchases, let's see what jim grant has to say today. we bring in jim grant of the interest rate observer. great to have you, jim. all right, frozen in 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 eme

mccarthy and republicans had their chance, good for liz cheney. i'm not a fan but hate how she has been treated by mccarthy and others. we will go to wilmington, delaware next. independent line. caller: everybody calling them today wants to get to the bottom of what happened. there are two questions unanswered. the fbi agent and the crowd directing the insurrection. we have a right to know who killed her. everybody is worried about lives in jeopardy, that woman was killed and they won't name who the person was. host: ed is next on the cult -- on the independent line. caller: it is the scam of the democrats, the scourge of our country. this is a joke. the only person killed was a veteran air force woman shot, the fake news keep saying there are four other deaths. none of them died from the riot as they call it. they are not even allowed -- there is a two justice system in our country. it is pathetic. the fbi, and cia are weaponizing against conservatives. these people are sitting in jail in solitary, maybe four years without even a hearing, anythin

liz cheney is going to do this right.january 6th. and my question, before we get to the legal side of it, is what is the substance of what kevin mccarthy and jim jordan are going to testify to? it's sort of an open secret on fox news. it was chris wallace what pulled it out of liz cheney that kevin mccarthy should be subpoenaed and bret baier pulled it out of jim jordan that he had a conversation that day. what is the scuttle about what those guys know about what was on donald trump's mind that day? >> kevin mccarthy or other people have said publicly, there's been ample reporting that mccarthy had indicated to trump that he needed to somehow pull back the protesters or try to pull back the protesters. i think that they would all -- i think it's been widely reported in phil rucker and carol leonnig's book and a host of other books about this administration that trump was very angry that day. the questions that people are going to want to know is did trump say no to the national guard. and by the way, mark meadows was prob

liz, let's start with you. secretary buttigieg makes a strong case for an infrastructure bill as a key driver of near term economic growth and a long term clean energy build out. what does the labor community think of this opportunity generally and the bipartisan infrastructure proposal, in particular? >> first of all, let me say thank you, sasha. and to jason and the team at the bipartisan policy center for bringing us together for this discussion. i absolutely love what we just heard from secretary buttigieg. and i should just remind folks off the top the afl-cio is an organization of 12.5 million working people in 56 different unions across every sector of the economy. and they all have an interest in infrastructure policy. so i'm bringing the voices of those workers with me today. and we are in full support of the bipartisan infrastructure plan. and we are working very hard right now to get it passed. i know there's some debate about the bipartisan deal, whether it goes far enough, but we think this bill br

what do you think liz cheney and adam kinzinger will do differently than democrats?, whether some republicans like it or not, acknowledge it or not, accept it or not, adam and liz cheney are republicans. in fact, liz cheney is a very conservative republican, far more republican than elise stefanik and i think the role they're there to play is to be principled, to show moral leadership, to put country over party, to put truth over fiction. that is their role, and i think it's one that they are willing to accept, and accept readily, knowing that they may be consequences. but let's also not forget how well adam kinzinger and liz cheney have done in fund-raising since this all started happening. and it's such, you know, i look at what kevin mccarthy's doing, trying to label them pelosi republicans. there is no such thing as a pelosi republican. and adam and liz cheney are no different today in their positions and their principles and their convictions than they were a year ago. when they were kevin mccarthy republicans. and if, you know, he thinks that by calling them pe

liz peek is next. we build and one we discover. one that's been tamed and one that's forever wild. but freedom means you don't have to choose just one adventure. ♪ ♪ you get both. introducing the wildly civilized all-new 3-row jeep grand cherokee l. ♪ ♪ all-new 3-row jeep grand cherokee l. ♪you may say i'm a dreamer ♪but i'm not the only one ♪i hope some day you'll join us♪ ♪and the world will be as one ♪imagine no possessions ♪i wonder if you can ♪no need for greed or hunger ♪a brotherhood of man ♪imagine all the people ♪sharing all the world...you, ♪you may say i'm a dreamer♪ ♪but i'm not the only one ♪i hope some day you'll join us♪ ♪and the world will live as one♪ ♪ elizabeth: it's official, september 14th is the day for the recall election targeting california governor democrat gavin newsom. look who's back with us, fox news contributor liz peek. liz, it's great to have you on. you know what's really interesting about this is that democrats, republicans and independents say, yeah, recall him. what

nobody buys this argument, liz.three pinocchios claiming republicans backed defund the police. you did a dive into this. in the american rescue plan nowhere to be found in police, law enforcement or cops. you don't find those words in the president's speeches, right? >> the three biggest speeches of his life liz, obviously the democratic national convention last year, didn't say police or crime once. then at his inauguration, doesn't say police or crime once. then at the join session, basically the state of the union he does say police, yea, but only says it in terms of police reform in the name of george floyd. so violent crime has not been addressed by this president what sorry. democrats own the crisis. it starts at the top, it will i swear to you, along with inflation, the border, anything but secure, public education gone mad, critical race theory, this will end the democrat hold over majorities in the house and essentially in the senate in 2022. if you think about it what positive thing do they have to run on

liz? >> lisa, thank you. >>> we are following developing news this morning after two people were killed and four others hurt in a shooting in downtown san rafael. it began around 10:40 last night at 3rd street and lutin's place. lieutenant dan fink is here with the latest. thank you for being here. what do you know so far. >> at 10:42 we received multiple gunshots in the area of downtown san rafael. our units flooded the area. we saw a black dodge charger leaving the scene at a high rate of speed. we ended up stopping it at the top of d street and san rafael. we located imof the crime, one with life- threatening wounds and one with non life-threatening wounds. >> i know one of the victims injured is a 62-year-old man, i believe. do we know if he was involved in any way or was he at the wrong place, wrong time? >> based on what we know, he was just in the downtown area. he was also shot and has non life-threatening injuries and is at the hospital. >> i believe a lot of the people you said w

liz ann sonders, is earnings a factor or am i too quaint? liz ann: it is a factor.erm earnings growth is a factor. earnings are a week or two away from receiving earnings in honest. the most important focus on the earnings season is not on the growth number but on profit margins and what companies are saying about the stickiness of wages, whether they are passing on higher input costs. that is the big unknown right now. i think the profit margin piece and what we hear from companies will be in more focus. lisa: we started talking about how the bond market has signals. how much is it signally something that is less optimistic than what you are talking about? how do you dismiss that message? liz ann: if it is a message about inflation being transitory, to use the fed's terms, that is not a bad environment if we don't lose the growth piece, too. what a lot of people don't realize is that inflation and a low growth environment is toxic to equities. rising inflation and a strong growth environment is not a bad situation. this focus on inflation in a vacuum without unders

liz peek, good to have you on. come back soon. >> thanks so much, liz.nfusion. the white house says it will support municipalities who enact mask mandates and vaccine mandates. dr. fauci has been talking about this but, about half of u.s. states say they don't plan to enforce mask mandates at schools. now this the white house plans to do a big push on facebook and twitter about those who oppose their knocking on doors campaign to get people vaccinated. dr. amesh adalia is next on "the evening edit." >> very hard to breathe. >> right. >> running in track. you want to catch your breath. you have teachers yelling at you to put it on the second you have it down. it is claustrophobic. you just don't see anyone. ♪ ♪ ♪ ♪ hey google, turn up the heat. ♪ ♪ ♪ - i'm norm. - i'm szasz. [norm] and we live in columbia, missouri. we do consulting, but we also write. [szasz] we take care of ourselves constantly; it's important. we walk three to five times a week, a couple miles at a time. - we've both been taking prevagen for a little more than 11 years now. after about

i'll jump in if that's all right, liz.it seems like infrastructure to me and all of what we're talking about in terms of adding renewables and a clean energy transition, liz and i have discussed this before in opportunities we believe to create good, high paying jobs here in the united states, so, take our off shore wind installation vessel, that's being manufactured in brownsville, texas and that's 1 is,000 jobs and the supply chain opportunities are substantial. and i had an opportunity to be with secretary granholm and senator manchin in west virginia and injured on for the steel of our ships some is coming from west virginia, from a union shop in west virginia, the supply chain beyond the specific project, i think, presents great opportunities and i should say that off shore wind farm that we're building, we've announced, that we're going to do with project labor agreements for all the components of it that we think are possible to do and we've been in conversations with liz and her colleagues on that. so fundamentally

one notable dedecision was not present, congresswoman liz cheney.l be the sole republican on the committee. here is part of what speaker pelosi said in her weekly news conference. >> the next step for us has been to seek and to find the truth we want to do so in the most patriotic and nonpartisan way so the american people have confidence in the report. >> we have a couple big questions. would there be any republicans? we now know the answer. >> that is right, it's a diverse state of employees that includes beb any thomas. here is the chairman of the homeland security committee. that is stefanie murray. she is a leader of the moderate blue dog colist. she is afraid of keeping them out of power. that is her words. now speaker pelosi made clear over and over again with the other appointees that their only job is to find the truth. i asked if they want former president trump to show up and testify and if they might subpoena him. >> you would like to see former president trump testify and if there is a chance the committee will subpoena him. >> i made t

great to be with liz and toby to talk about these issues. obviously, our industry is at the center of much of what is going on in terms of decarbonization. the electric utility industry. i should say dominion is for electric and -- am -- it is an electric and natural gas company. that business is very much part of this decarbonization narrative that we've been talking about. for us, we start with a net zero commitment by 2050. our industry, the electric industry, has reduced its carbon emissions 40% since 2005. that's going to take a substantial amount of investment, starting with an increased investment in renewables. we are building the largest offshore wind farm off the coast of the u.s. in federal waters. 27 miles off the coast of virginia beach. a 2.6 gigawatt project that will serve 650,000 homes and businesses. when it is complete by the end of 2026. it is that kind of investment and wind and in solar, and by the way continuing operating our nuclear facilities, which are the only baseload non-emitting sources of electric generation th

i thank god we have liz cheney on the committee. i hope the committee can go ahead and do their work. i feel good we have released the woman, the republican, from wyoming, i wish she could get one or two more republicans if she can. i hope the committee can get the truth and i hope the americans can accept the truth. and accept joe biden as their president. and try to work this thing out with voting laws. i think some of the things are crazy and taken the rights that i would say, yes, my people, my fellow americans, had over 40, 50 years ago. we had to get right to vote and now they want to take them away. host: we'll let you go there. reminder, call on the line that best reflects your point of view. democrats, 202-478-8000. republicans, 202-748-80 to 01. linda in marks, mississippi. democrats line. caller: good morning. can you hear me? host: yes, we can. you're on the air. caller: all right. thank you. nancy pelosi did the right thing. jim jordan, every committee he's ever been on, he is a disrupter. he does not want the truth. no

i mean liz cheney is a known -- if you know anything about liz cheney, you know she and her father areypical, standard conservatives in this country. i have peeked over on fox news. they were taking a lot of the hearing today. what do you think kevin mccarthy so desperately didn't want his supporters and fox viewers to see or hear, and what do you think he'll do? >> kevin mccarthy does not want americans to know the truth about that day because the truth really is aimed at him because he has enabled the big lie with donald trump. but, nicolle, you and i both grew up in bay area republican families. this is not the republican party that my parents told me about. you know, this is not the party of ronald reagan. my dad was a police officer. he's horrified by anybody who would choose to honor donald trump, to dishonor the police. and that's what they're seeing, whether it's voting against security assistance to fortify the capitol, whether it's voting against the gold medals for the officers, whether it's saying that the officer who killed ashli babbi. t t was an executioners, whether it'

have you been invited on gb news yet, liz?e actually, but i haven't, unfortunately i have been unable to attend. oh, because you're busy doing us. talking of gbs, we have got gavin barwell, former chief of staff to theresa may. hello. smooth intro. so smooth. you must be getting a bit annoyed being introduced like that, because it was a while ago, you've done a lot since. no, i'm very happy, i think that will probably be my moniker. for some time to come. i've got used to that. well, they call this, what is it, "taking out the trash day" in parliament when you just like flood parliament with announcement and papers and reports and inquiries and all that. and hope everyone is so excited about going on holiday that they don't read any of them. yeah. well... that would never happen. we're going to do the good podcast equivalent of just telling what you need to know has happened this week on is edition of newscast. well, yes, i wonder when we will actually get closer than two metres? you know me and hugging and personal space and

liz?> lisa, thank you. developing news with the coronavirus, california's positivity rate has surged to 5.2%, above the world health organization's threshold for reopening. that last time we were at 5% was february 8. california reported nearly 8,000 cases yesterday. and there is this from the cdc. the agency says all current cases in the u.s. are caused by variants with delta making up the majority. the original strain is no longer detected. it is likely those in vulnerable groups will need a booster shot according to "the new york times". the biden administration is evaluating the data but officials expect those that are 65 or older or with a compromised immune system to need one. and the bay area's fourth covid wave is only getting worse with cases continuing to climb and hospitalizations just reached the highest point since march. we have more now on what we can expect moving forward. >> reporter: top health officials across the bay area say if we are not careful, the delta variant cou

reporter: why should liz cheney lose her committee assignments? mr. mccarthy: i'm not giving threats about committee assignments. you know how congress works. you get elected by your district and you get your committees from your conference. when jeff van drew left the party and became a republican, he lost his committee assignments from the speaker and got them from the republican conference. when representative amash he got his committee assignments from the speaker. i don't know where in history where someone gets a committee assignment from the speaker and have them from the conference as well. reporter: you haven't criticized members like representative clyde and haven't lost committee assignments. mr. mccarthy: i'm not threatening anyone with committee assignments. it was shocking to me that if a person is republican and get committee assignments from the republican conference. for someone to accept committee assignments from speaker pelosi, that's unprecedented. reporter: do you regret not supporting the bipartisan commission idea and will have

the one republican for now is liz cheney.n what i'm going to call the conservative, though i'm not sure that's the right word, it is more of a parallel universe alternative. >> the -- some of the very brave people who defended the capitol that day. >> yeah. >> to hear their experiences directly, to put some facts on the table in particular, to counter some of the attempts at whitewash that have been going on. >> on tuesday, pelosi will call a capitol police officer called harry dunne. dunne will pretend to speak for the country's law enforcement community. but dunne has very little in common with your average cop. dunne is an angry left wing political activist. >> is that -- do we just now know right out of the box, four police officers will testify, four officers who protected members of congress, protected members of democracy, protected a sacred institution, the capitol that day, is that just it, that anyone who testifies, the fox news will call them crack jobs and we're done? >> i think that's exactly what's going to happ

liz? alert is in effect for californians from 4:00 pm to 9:00 pm tonight. abc7 news reporter leslie brinkley is in east bay with more on how people are getting through this heat. >> reporter: from squirrels sprawled out in the shade to ravens frolicking in the backyard sprinkler, expect wild animals to show up in your neighborhood this weekend and a desperate search for water in a heat wave. >> unlike us, many of these animals can't sweat. you'll see some interesting behavior. might see some flat squirrels laying down on the sidewalk on my see some birds open mouth and panting. we do see, depending on certain cases, an uptick in certain hospital patients during extreme heat. >> reporter: when the wildlife experience says it's okay to set out containers of water for animals and birds. they will find it if they needed. people will seek refuge and air- conditioning, including cooling centers and far east contra costa county and alameda counties, where masks are required indoors. plants also n

liz mclaughlin joins us from tokyo with some of the highlights. liz, an exciting game for u.s. women's soccer team. i didn't see it because it was overnight for us here, but i saw some of the highlights. take it away, liz. >> janelle, guilty or innocenting to you. you saw me that soccer jersey so i think i was a good luck charm for them. the u.s. soccer team on the journey to olympic gold just chasing after that dream. >> reporter: the u.s. women's national team scores a spot in the semifinals, winning 4-2 in a shootout against the netherlands. >> megan rapin send the united states to the semifinal of and give everything or you've got to go home. >> reporter: in the pool the u.s. continued to rack up hardware. lilly king wins silver. >> just to be able to do that together it's what we've always dreamed of and what we've always looked for. >> reporter: ryan murphy comes up short defending his 2016 goal, earning silver behind the russian. >> 49.5. >> reporter: the u.s. has a chance for even more medals in the final swimming races this weekend. >> i still got to take care of some

>> reporter: good evening, liz.r president donald trump will take the stage on sunday to address the crowd, but already happening this afternoon there's been open speculation by speakers as to whether he will run again in 2024. watch this. >> i spent the time with him last week in mcallen, and he looked over and said to me, dan, are you ready for one more in 2024? [cheers and applause] >> reporter: -- conservative voices have been taking the stage this afternoon, liz, addressing some current issues like pushing back on big tech and censorship, pushing back on cancel culture, securing the border and achieving energy independence. we have speakers coming up in just a few moments, donald trump jr. will be addressing the crowd gathered this afternoon. south dakota governor kristi noem and dr. ben carson coming up this weekend. anyone can follow along with live coverage by watching on the fox nation app, liz. elizabeth: lydia, thank you so much. it's good to see you. look who's back with us now, texas congressman michael