massive wind turbine blade a part of the green new deal broke off and caused the closure of six nantucketjuly. knowing firsthand how bad clean energy projects are for industries like kids, dan joins us now. how are the biden-harris green new deal policies hurting your industry? >> good morning, thank you for having me on. it is just displacing so many different fishermen, and by that i mean guys religiously worked in an area for numerous years, decades, if not generations are being pushed into different areas where they haven't worked before. it is just causing problems or guys that have worked in the areas for decades. >> todd: for the party that brexit is "saving the environment," dan, what are the end turbine stewing to see whether whales, fish, all sea life? >> well i'm a watching the news have noticed there has been nearly 100 mammals washed up on the beach in new england since started mapping the bottom before the turbines were ere erected. and its detrimental to the different fish and lobsters that inhabited the area. it is the constant pounding of the pile drivers nonstop. it's li

people like kennedy don't want that because it's their backyard, and people like obama who live in nantucket, rhode island and all these fancy places, they don't want that, they said they do, but they want to put them in, you know, the renbleweed staten island, yeah, because here we don't care about, you know, what we care about is natural beauty and a good life, but this windmill is huge. you have to blow up the top of a mountain range, blow it up, just to level the place to put the windmills and build a road to them and maintain the road, which causes erosion, it's like the junk car program, i think it was in the early 2000s, the trade-in program, yeah, under abama, yeah, yeah, trade your ford bronco for a toyota tacoma and get $400 for your ford bronco, that sounds great, you get 25 miles on a gallon of gas in your... car, not 15 like before, but how many natural resources it took to make a car that got better gas mileage than it did to maintain a ford bronc without making new steel and rubber all the stuff it takes to make a new car, they didn't take that into account, no, okay, this guy

i have a home in nantucket right on the water and i'm always worried that the flood is going to come.that hard to get these days? >> it is hard to get but we do provide flood insurance, as does the government. >> and what is the fastest-growing area of insurance, what are people most interested in? >> home insurance has been one of the more competent ones across the u.s. because one of the biggest growing areas all excess and surplus lines. it is a market that sits alongside a regulated market and that has been significantly industry as well as for aig. >> what has been the biggest challenge over the last five to 10 years? >> i think it is understanding these unpredictable risks of the pandemic, what can happen with potential war, but also climate change. having that type of hurricane activity, we had 100 natural disasters reported through nine months of this year. that just hasn't happened in the past. >> soap i'm trying to learn the insurance business, what is the most important thing as an outsider who wants to assess whether it is a good industry to invest in? what should people l

i have a home in nantucket. it's on the water there. always worried of when the flood will come. is it hard to get flood insurance? peter: it's hard to get but we do provide flood insurance. as does the government. david: what's the fastest growing area of insurance? what are people most interested in, home insurance? peter: home insurance is a more complicated one across the united states. i think one of the biggest growing areas is what we call excess and surplus lines, it's a market that sits alongside the regulated market. that has been growing significantly across the industry, as well as for aig. david: what has been the biggest challenge for the insurance industry over the last five or 10 years? peter: i think it's understanding these unpredictable risks of whether it was the pandemic, understanding what could happen with a potential war break out, but also climate change. as i said before, having that type of hurricane activity -- we've had 100 natural disasters reported through nine months of this year. that just hasn't happene

from the green energy scams where they do things like build windmills in a salt water the coast of nantucket. and of course they fall apart and get washed up ashore. when she forced americans using your tax dollars, by the way, to buy ev's made in china, it made michigan a lot poorer, but made the green energy lobby. a lot richer this is a theme with kamala harris. every time she makes a decision that makes us poor are our country weaker, someone is standing behind her who benefits. when she let in millions of illegal aliens, it made our communities less safe. but it did give the democrats a lot of voters. they are trying to give illegal aliens the right to vote in major cities across this country. here's the thing. on november 5, this great betrayal from kamala harris is going to stop. because we are going to elect donald trump president of the united states. now, i grew up in a town not different from byron center. i watched in my own community as jobs were sent overseas. of course, it is not just people's checkbooks that suffer when they lose a good manufacturing job or a good job in any

handouts for couple adjust graduate from harvard and we just scoop up their first thr starter home in nantuckets not what they coordinated kamala four. they wanted a figurehead that would hide in her castle and not share her marxist ideas with voters. the machine can drag this princess across the finish line if she just keeps her mouth shut. not a little princess. >> if you have it in venezuela we've seen happen in the soviet union. price controls just don't work. expresses a level of economic illiteracy. >> we've seen thwe see the strif other places venezuela, argentina, soviet union et cetera. it leads to shortages at least two black markets. plenty of uncertainty. >> it sounds like this in notion we were going to set price controls and we were returning to the 1970s you cannot pay more than let's say $2.50 for milk. and if you do were going to charge the grocery store with some criminal act. obviously this is not worth these sorts of policies in venezuela or soviet russia. jesse: kamala's must be the puppet princess and now that media is freaking out because she is telling everybody she is a

here's new england resident ellen rae speaking at that same meeting in -- nantucket.all touted as a green project. this is not green reporting all this in their. and they're putting this in these turbines and now i've asked this for 15 years for the first time i went from company came here and wanted to do this. was going to pay, was going to deal with the mess if there's a hurricane out there? >> martha: great question. final thought on this. you think this is -- changing the support for these projects? >> i hope it does. once upon a time federal law has not exceeded -- in our inviting foreign megacorporations to industrialize our oceans and destroy our marine ecosystems. i mean, these are -- belong to the u.s. citizens and again i just think -- coming to me and asking those this flotilla. i appreciate the effort anything everybody that's making -- >> martha: jerry, thank you. thank you so much for joining us today. such an important issue and we want to protect our oceans absolutely. thank you very much. jerry lehman. >> think you for having me, martha. >> martha: y

but i found a book in a nantucket bookstore called "catch 'em and cook 'em," which is a 1961 cookbookbunny day. and she tells you how to open oysters, also how to hunt for clams at night. >> seth: okay. >> with a flashlight. >> seth: and have you done either of those? >> no. >> seth: okay. [ laughter ] >> but if there's any living relatives of bunny day, please email me at books dot slash hash tag -- [ light laughter ] bananas dot net. [ laughter ] okay, and then the last one i'm going to do, this is my number 30. >> seth: okay. >> sticking with the russian theme that we've had tonight. >> seth: yeah. >> whether it be george or the lady sitting next to us at the restaurant. "crime and punishment." and the reason why i'm reading this is because every guy in my life has been like, "you haven't read 'crime and punishment'?" [ light laughter ] so i'm reading this light fare. [ laughter ] which i imagine is about one guy trying to decide if it's okay to kill people. [ laughter ] i think i'm right. but this will be -- i'll let you know how this goes. i imagine -- i don't know. i don't know

they go to the cape, nantucket, they come back after labor day, and they hear the big differences, citi, tech, morgan stanley, health care, consumer, they're going to lower the numbers for q4 at 2025 i think you have a pocket of everything's wonderful here. but the estimates have to come in for q4. i think risk reward is not a amazing at the current moment. >> might not contrarian. rick reader sat on this desk the other day too, and where he was pretty bullish during the selloff a week ago monday, he's a little more cautious now too because of the run that we've had, the fact that the dow's now above 40,005 hundreds, the nasdaq is up 5% week to date s that makes people like rick and adam obviously take pause. what about you >> so look, we did not change our positioning at all even given the labor day -- the august 2nd labor force data or the selloff on the japan yen carry trade. we never changed our positioning. i will say there is evidence of the economy slowing and the fed probably has room here to cut 100 basis points because real rates are simply too high, and you're feeling the squ

will feel strong surges, dangerous surf, large swells and rip currents from nantucket down to miami,panama city, miami will fell like 108 tomorrow. more of the same with triple digit heat indexes and air temperature for fort worth, jason and also tallahassee down to sanibel island and all cooler and lower humidity. guys? >> al, we'll come back to you in a moment. >>> meanwhile, new developments this morning in the alex murdaugh case. the supreme court will hear an appeal from the convicted murders and decide whether murdaugh should be given a new trial after claims of jury tampering. murdaugh is serving two consecutive life sentences for the murder of his wife maggy and son paul. no date has been set for the appeal. >>> two kayakers have quite the story to tell after an unnerving close encounter with a great white shark on the coast of california. it was all caught on camera. nbc's morgan chesky is in los angeles with the details. morgan, good morning. >> reporter: sheinelle, talk about a close call here. it is the one thing you don't want to see when you are kayaking, especially a m