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tv   The News With Shepard Smith  CNBC  July 9, 2021 12:00am-1:00am EDT

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-in the end, there was one shark standing... -and one pig. but, you know, we're so excited we got a deal. the boosters are coming. pfizer set to ask the fda for the green light. citing the threat of covid variants i'm shepherd smith this is the news on cnbc . delta fueling a rise in covid cases. where clusters are emerging and what we just learned about the new variant and the vaccines president biden defending the draw down of troops even as the taliban makes gains. >> do i trust the taliban, no. but i trust the capacity of the afghan military.
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>> his message to those who worry afghanistan will collapse. suspects rounded up in haiti after the shocking assassination of its president the fallout and who's in charge of a country in crisis japan state of emergency as covid cases spike. no fans allowed at the olympics. we're on the ground in tokyo oxycontin's maker doles out millions to settle a lawsuit heat wave inside a town with no running water. and stolen military weapons now in the hands of violent criminals. good evening pfizer is pushing to get boosters out by the fall over concerns about variants and weakening immunity and that's not all the company also announcing it's making a new vaccine, one to specifically target the delta variant. the news comes as daily average
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cases are rising across the country. they inkrecreased by 11% over t past week alone. the cdc director calls the trends both troubling and concerning >> we know the delta variant has increased trance miscibility and currently surging in pockets of the country with low vaccination rates. low vaccination rates in these counties coupled with high case rates and lax mitigation policies that do not protect those who are unvaccinated from disease will certainly and sadly lead to more unnecessary suffering, hospitalizations and potentially death. >> well, right now almost all covid deaths in the united states are among unvaccinated people that's the official from the cdc. at the global level the delta variant continues to push the known death toll higher and higher john hopkins reports it just topped 4 million today for context that's roughly the equivalent of the entire population of los angeles.
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we have coverage from all angles tonight. reporting from tom llamas in tokyo. meg terrell is with us in the studio tonight what can you tell us about pfizer's big moves today >> this just came out just now it says it'll ask the fda for emergency use authorization for the third shot of its original vaccine next month so far studies show a third dose boosts antibody levels higher and have been encouraging against both the older virus and the beta variant, the one associated with south africa the company expects results looking at a booster of its original vaccine against the delta variant in early august. but the company says it's also covering its bases with the delta variant and developing an updated vaccine targeting that strain specifically, that they
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plan to start testing in people in august as well. pfizer says experience from israel that's vaccinated much of its population earlier than the rest of the world suggests boosters may be needed 6 to 12 months from the first shots, something we hear from health experts in that country as well. >> the effectiveness of the vaccine in fighting -- in preventing severe diseases remain while the prevention of getting infected decrease and that's a fact >> all of this is backed up by a new study in the journal nature as well showing how delta can partially evade our immune protections, but luckily we still get protection against severe disease >> we know delta is now dominant in the united states, but where is it spreading the most >> we know delta is so contagious the cdc is warning this variant will take hold anywhere there are low vaccination rates. they're in the south and across parts of the west. and already delta makes up more than 80% of variants detected
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across the region in missouri. of course that's where you're seeing the fastest case growth in the country right now, and it's more than 70% in states to the northwest of that region >> a lot of work to do an honor to have you in the studio for the first time since the pandemic well, it's official no fans at the tokyo olympics at all organizers made the announcement today essentially turning the games into a tv only event the decision comes as japan declared a new state of emergency amid slowing the latest wave of covid cases there. organizers banned foreign fans back in march, and back then they planned to allow locals in with events capped at 50% capacity but now no spectators at all nbc's tom llamas live in tokyo tonight. this is a real turn around just about two weeks before the games begin. >> it really is, shep. this is going to boony olympics like wave never seen before.
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athletes, organizers are dealing with some serious whiplash today. as you mentioned that state of emergency for tokyo surrounding covid-19 and the decision by the prime minister which was announced yesterday, basically that no fans, no spectators are going to be in the stands for the olympic games in tokyo shep, you have to understand they spent billions of dollars on stadiums. there's a volleyball stadium just next door to our hotel. it's going to sit completely empty. there's the national stadium which is massive which is going to hold the opening ceremony, and there's not going to be a single fan in the stands this is definitely going to be history making but not the type of history organizers were hoping for so the big question why the state of emergency we're worried about the foreigners, travelers, the thousands of people coming in and as you mentioned that delta variant spreading. >> live this friday morning from tokyo. the delta variant among the factors spooking wall street today. the dow down more than 500 points before settling off 260 at the close, three quarters of
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a percent. our friends in business day report investors worry it might slow recovery around the world and the latest jobless numbers signaling a possible stall in the labor market 373,000 people filed for unemployment for first time last week that's about 20,000 more than economists expected. dom, delta's nomgoing anywhere are the markets prepared for that in. >> so the markets are getting prepared for it. the tokyo developments there, that was probably one of the bigger causes early on this morning for the reason why you saw some of the markets sell-off when you do have the threat of covid once again stalling out economies like it is in japan right now, investors are now trying to figure out whether or not this delta variant could cause wider spread economic damage if you take a look at some of the places the most impacted by this kind of market move to the down side, earlier on the in day it was a lot of those economic
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reopening type plays we've been looking at industries like hospitality and leisure ia saw some of the biggest losses earlier in the day tied to companies like airlines, spirit airlines, united, delta, southwest, american, you name them if they were in travel they were going to the down side you also look at restaurant companies as well, hotels. you can see some of the moves there. that's a big deal as well. >> jobs, you have record openings and at the same time a jump in jobless claims what does that tell us about the recovery right now >> it means it's going to be uneasy we know the pandemic has taken a huge economic toll what's happening right now is a lot of the economic reopening easy job gains have been had we've been talking about this notion if the economy does tend to stall out a little bit you're going to see a bit of a slow down in some of those moves. what i would say is, yes, this is a slight uptick in some of those jobless claims if you look at the continuing
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claims, shep, those are the number of people filing for unemployment benefits for two weeks or more, that continues to fall to a pandemic era low we haven't been this low it's about 3.3 million people who have filed continuing claims it's been march of 2020 the last time we saw this so the jobs numbers are mixed. we'll continue to watch whether september comes around and job benefits start to expire if those numbers get affected >> thanks so much. president biden today defending the rapid draw down of troops in afghanistan even as the taliban makes gains, his message to his critics and who he trusts to keep the country from falling day one of a tragic new phase-in surfside, florida the search for survivors officially over. how the recovery mission unfolded today and first new york now chicago. the growing pressure on governors to fight gun violence in their cities by declaring a state of emergency
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>> the facts, the truth, the news with shepherd smith back in 60 seconds and the world needs lower carbon solutions to keep up. at chevron, we're working to find new ways forward, like through our venture capital group. backing technologies like electric vehicle charging, carbon capture and even nuclear fusion. we may not know just what lies ahead, but it's only human... to search for it. ♪ welcome to allstate, ♪ ♪are you down, d-d-down, d-d-down, d-d-down♪ where we're driving down the cost of insurance. ♪ ♪ are you down, down♪ ♪d-down, down? are you♪ drivers who switched saved over $700. ♪ allstate. here, better protection costs a whole lot less. you're in good hands. click or call for a lower rate today.
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the end of america's longest war is apparently ahead of schedule president biden announcing today the u.s. military will complete its withdrawal from afghanistan by august 31st that's nearly two weeks earlier than his initial deadline of september 11th as american troops pull out taliban fighters have been making huge gains, capturing territory and weapons from retreating afghan soldiers and moving closer to the capitol city of kabul. today president biden defended the u.s. military's rapid withdrawal >> how many thousand more america's daughters and sons are you willing to risk? how long would you have them stay >> if the taliban take over afghanistan now inevitable >> no, it is not >> why >> because you have the afghan troops at 300,000.
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well-equipped, as well-equipped as any army in the world and an air force. >> president biden says the taliban has only about 75,000 fighters, and he trusts the afghan military's capacity to stand their ground here they are recapturing a checkpoint from the taliban militants earlier today. after 20 years of war in afghanistan nearly 2,500 americans are dead, more than 20,000 others wounded. and the united states has spent $825 billion on combat operations covering the buildup of the afghan military for decades now, two of them. courtney, how do they stack up right now against the taliban? >> reporter: it really depends on what part of the afghan security forces you're talking about. the afghan commandos are actually pretty good they've been conducting missions on their own, and they've been operating pretty proficiently for a while now. the afghan air force, they started from nothing
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they've actually started to conduct their own missions they're doing some air strikes they struggle with logistics they struggle with ability to maintain their aircraft, but they've actually come a long way. where they find the vulnerabilities is with the local police and military in the more rural areas, and that's because they just don't get a lot of support from the central government especially the further away you get from kabul. that's one of the underlying issues in afghanistan is there's a lack of infrastructure, and the further you get away from the central government the more lawless it becomes when you're talking about the entire afghan police they still struggle with ollection, so intercepts and things, that's something they are going to have a hard time with if they don't get any support from allies. but, you know, another big question you see here is what happens if the taliban does take over like we heard in that question to president biden today?
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if they do it's very possible that any kind of military and police force will just dissolve. if they don't, will the u.s. and allies continue to provide money to a taliban backed military and police force most likely not. that is something that the afghan security forces really rely on here but we did hear from president biden he seems very confident, in fact, there's not going to be some sort of takeover of the u.s. embassy and the military who's going to stay behind for the security will be able to maintain the security of the perimeter. >> thank you for analysis seth moulton is here now he served four tours in iraq as a marine and is a member of the house committee of armed services thank you for your service there's criticism over how the u.s. is leaving afghanistan. your thoughts. >> well, i understand the criticism. i've been one of the critics insofar as i think it's critical we protect our friends and allies, those interpreters,
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drivers, all the people who fought along side us there and make sure they are safe when we withdraw but i also understand the military necessity to go quickly with the withdrawal and not giving the palben or any other insurgents or terrorists the chance to attack u.s. troops as they're pulling out. >> you know, president biden said today that he trusts, quoting now, the capacity of the afghan military to keep the taliban at bay do you >> look, the president is obviously very optimistic. i certainly share the president's hopes. i don't know that i have as much faith as he does in the afghan security forces, but he's right that we have provided them a lot of capacity. if you listen carefully to what the president said he talked about how afghanistan has never been united as an entire country. so i think what he's trying to say is that he expects there will be portions of of the country that are taken over by the taliban, but he also seems to have hope that kabul and other central areas will be
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maintained by the afghan government look, bottom line is we've got to be prepared for either eventuality. one of the questions i'll be asking in detail especially in classified services is what contingency plan they have for the possibility the taliban does simply overrun the afghan government >> you pushed as you mentioned a moment ago, the promise to protect afghan interpreters and others who helped our military we couldn't have done what we did without them to abandon them would be really unthinkable. were you satisfied with what the president said today are anymore of them going to be killed, or are we going to take care of them >> this was a huge win today for all of our afghan friends and allies for the last several weeks i've been asking for three things in particular from the administration, a detailed plan, a commander to be in charge of it, and a commitment to see the mission through. and today the president mentioned all three of those so i still have some more
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questions. i want to see the details of this plan. i want to understand, for example, how we're going to get interpreters from far-flung rural parts of the country to a central evacuation point we need to actually name the commander. the president said he would. let's get that person in place, and let's reaffirm our commitment to seeing this mission through. but there's no question that today was a big win. and there are a lot of veterans not just from afghanistan and iraq, but from generations in america who understand this viscerally and have been advocating for exactly what the president talked about today over the last few weeks. so big win today >> congressman seth moulton, many thanks merchandise appreciate your time the associated press reports hundreds of firearms owned by the u.s. military have gone missing. and that some are ending up in the hands of criminals the reporter who broke the story with us live on the news tonight. he was shot 12 times and much more.
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haiti's president assassinated in cold blood. suspects now being rounded up. were americans involved? ♪ ♪ ♪ ♪ ♪ ♪ hey google, turn up the heat. ♪ ♪ ♪
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plus, for a limited time, ask how to get a $500 prepaid card when you upgrade. call today. . a bloody man hunt underway now in haiti to captur . a manhunt now in haiti they've killed at least seven suspected and arrested six more. a haitian official tells multiple news outlets at least one u.s. citizen is among those
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arrested the u.s. state department says it's aware of the reports but has not confirmed americans were involved haitian officials say the team of assassins who killed the president in his home in the middle of the night yesterday were well trained professional commandos with large caliber guns who spoke english and spanish and falsely announced they were united states dea agents as they carried out the attack listen closely to the audio from this video of the assassination. you heard there a dea operation. both u.s. and haitian officials say that is a complete lie here's the building where some of the suspects were allegedly holed up you can see the bullet holes in the walls and the shattered windows. police are calling the suspects mercenaries. let's bring in gary, the editor-in-chief at the haitian times. gary, thank you. a lot of questions left unanswered i was hearing from you details
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of what this gang did to the president. could you fill our viewers in? >> thanks for having me, shepherd the details are pretty gory. his eyes were pulled out of his face he was shot 12 times it was a really bloody scene, one that led me to believe this was not politically motivated. this was personal. that kind of violence is unleashed on someone you have deep animosity for >> personal. where does that lead your very well-trained mind on this matter >> well, he had been attacking the business community and he had alienated everyone so he had taken over some monopolies it sounds good but he was complicit in some things as
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well he was not as clean as he thought he was and so he attacked the livelihood of the monopolies, and in fact just two days before his death he had sent a warrant arrest for one of his top appointment who's also one of the leading businessmen in the country. >> wow who's really running haiti right now? and how are the people handling this >> well, the u.n. has acknowledged that joseph who was the prime minister, that he will remain in the position that they will support him, they will help him organize elections supposed to come in september, but right now the situation is such that it's doubtful that we'll be in way, shape or form be able to hold elections the people in haiti are shocked. everybody is staying home. there's a lot of fear. this is really shocking people it caught everyone by surprise and the suspects are still at
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large. and they've arrested some folks, but i don't think they were the architects they were just low level people. because if they were able to be arrested, that means they were not part because those guys were too well-organized to not have an exit strategy >> all the best to your fellow countrymen and thank you for your time. our american come back series now heads to san francisco. how three businesses beat covid and really turned things around. and chicago on edge after another round of deadly violence calls are growing for a state of emergency to be declared we're in chicago tonight plus the family accused of fueling the opioid crisis set to pay billions of their own money. and as one attorney general put it, turn over their secrets. the settlement from the company that brought us oxycontin as we approach the bottom of the hour and the top of the news on cnbc.
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spoke to three small business owners in the city on how they're surviving the pandemic and making a comeback. >> the one word that best describes the past year is cathartic. >> for me it's resilient >> for me it's nerve-racking >> reporter: this is san francisco, california, where three small businesses are making a comeback. >> one of my worst years ever. >> reporter: the beginning of covid and tony's pizza place was tanking. >> i can't tell you how hard it was. >> reporter: and he said delivery and food to go wasn't cutting it >> the whole world was on you and you didn't know what to do >> reporter: but he refused to give up, doubling down instead >> do i just hold back and play defense and kind of wait, or do i look at it as this is an opportunity? >> reporter: so he built outdoor seating and focused on selling frozen pizzas nationwide and we increased that from about 30 pizzas a week to 130 per day.
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>> reporter: from pizza to pins. >> half of the business of bowling and events just disappeared overnight. >> reporter: deep in the lockdown and like theaters and gyms her bowling club wasn't allowed to open. >> it started to become a deep worry we would not be able to survive. >> reporter: the city did allow retail, so she turned the bowling club into a mini mall. >> we had vendors, local artisans, crafters come in and take over our space. >> reporter: that plus government loans and grant money and she's now back on track. >> we're going to survive, and i feel very lucky. >> reporter: nearby scott's brand new dog boarding business got crushed by covid >> i was worried that everything i had staked my dreams on would go away. >> reporter: with no one traveling during the pandemic suddenly the boarding business nearly went bust >> it was a really harrowing feeling knowing that no money was coming in.
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>> reporter: to reel in business he pivoted to doggy day camp >> encouraging people to give their dogs a break for the day >> reporter: and it worked and out of the chaos major life lessons. >> the biggest lesson i learned in all this is to take care of your people. >> there were certain costs i could live without >> say a little more thank you and a little more hugs and i love you >> the future looks bright we're booked all the way into october. >> i think bowling is going to beal here to stay. >> we're going to get busier and love each other even more. >> reporter: and shep, i just spoke with tony. he's so busy right now they can barely keep up like on tuesday they shipped out 200 frozen pizzas, and he says it's all because he took a chance and he invested during covid. plus his customers who sometimes drive miles and miles just to support him. >> love to hear it andrea, thanks one big bank is cutting lines of credit to its customers, and that's what's topping cnbc's "on the money." wells fargo now informing
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customers it'll no longer offering personal credit line, shutting down all existing lines in the coming weeks. wells fargo adding the account closures may have an impact on your credit score, and that the move was final fort lauderdale formally accepting a proposal for elon musk's boarding company to build an underground transit system. any other firm that wants to submit a competing bid has 45 days to do so according to the city's mayor the goal of the project, reduce the incredible traffic on some of the busiest roadways in south florida. leonardo da vinci's iconic head of the bear setting a new record on auction today. the price tag a little more than $12 million. the drawing smaller than the size of a post-it note on wall street the dow down
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260, s&p down 37, nasdaq down 105. i'm shepherd smith on cnbc it's the bottom of the hour, time for the top of the news guns a ammo from the u.s. military now in the hands of violent criminals. the new report on why so many weapons from the battlefield end up used in shootings across america. triple digit heat blankets the west we're on the ground in a california town with no running water. the struggle and the desperate try to fix the problem plus a major development in the case against the makers of oxycontin. >> 15 states reaching a deal with purdue pharma and the company that makes a deal with oxycontin. it's all about the lawsuits filed how perdue marketed its p p prescription painkiller in a way that got americans hooked. one of the largest amounts every
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paid in the country's history. yet just a fraction of the money perdue pharma and the family raked in from selling oxy. $4.2 billion will come from the sackler family's private fortune. the deal will also make tens of millions of internal documents public the sacklers must give up ownership of perdue pharma and never work in the opioid business again more than half a million americans have died from opioid overdoses in the past two decades according to the cdc now thousands of families who have lost loved ones are a step closer to getting some measure of compensation for their loss hi, valerie. >> a part of this deal many attorneys general are unhappy about even the ones that agreed to it is the fact the sackler family has not admitted any
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wrongdoing the money will go towards treatment and care and massachusetts alone is expecting $90 million. >> it is impossible to put a price on what the sacklers did, what the sacklers and purdue took from our families paying $4.3 billion doesn't even begin to cover their debt. >> the sackler family is primarily responsible for this crisis they should own up to it, and what they should do obviously is take responsibility for their misconduct, their illegality and their efforts, again, at fueling this crisis. >> in a statement to "the new york times" the sackler family says this resolution to the mediation is an important step toward providing substantial resources for people and communities in need. the sackler family hopes these funds will help achieve that goal another part of the agreement dictates that tens of millions of internal documents from purdue pharma including e-mails will now be made available to
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the public, online for free. so what does all of this mean for the sackler family well, they'll no longer be able to own any opioid related businesses either in manufacturing or sales the sackler name which is prominently displayed on many art museum wings and hospital facilities in honor of the family's charitable donations, but some institutions like the biomedical center at nyu hospital and even paris' louvre museum already stripped that name from their buildings over the last few years >> understandable. thanks so much activists in illinois are calling on the governor to issue a state of emergency in the fight to rise past the gun violence in chicago after the city's deadliest weekend this year police say 100 people were shot and 18 people murdered over the july 4th weekend the pressure to declare an emergency comes after new york's governor, andrew cuomo, did just that last week new york's order frees up nearly $140 million to help address the
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problem. nbc's meghan fitzgerald is live in chicago tonight >> i can tell you those calls are growing louder specifically from community leaders and activists on the ground here wanting to see a state of emergency declared that some funding could be freed up so they can try to fix the issue from a grass roots level and then you've got an alderman calling for a multi-pronged approach to something many here are calling a crisis, wanting to see national guard come to town, see officers flood those violent prone areas. as well as funding to what they call violent interrupters, those men and women on the streets trying to stop these diputes from rising to a level of shootings. the facts here is the city of chicago is seeing more shootings than they have since 2016. sadly children are not being spared, oftentimes being caught in the cross fire. just last week a 1-month old baby and a 9-year-old child shot
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in the wrong place at the wrong time university of chicago student riding on a train being shot and killed by a stray bullet and then of course just yesterday two atf agents working with a chicago police officer undercover, they were trailed in an unmarked car by another vehicle. that vehicle then pulling up beside them and opening fire to give you some context here, we're looking at five police officers shot within the last week about 36 officers shot at just this year alone, shep. >> meghan fitzgerald from chicago, thank you one big question about the rise in the gun violence where the weapons coming from? an associated press investigation found some of them are weapons of war the ap found at least 1,900 u.s. military firearms were lost or stolen between 2010 and 2019 at least some of those resurfaced in violent crimes
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kristen hall now, associated press journalist, one of the authors of that investigation. kristen, thanks so much. some of the stolen guns recovered. are the rest still missing or do we know? >> it's hard to tell how many guns are still missing we did an analysis of firearm investigations and the navy and nurenes. we found in about 55% of those cases no suspect could be found and the weapons remain missing >> has your reporting uncovered how people were able to steal these firearms >> yeah, one issue that keeps coming up is that it is often the troops themselves who are responsible for securing the weapons in the armories or using the weapons out in the field they are sometimes found trying to sell these weapons. >> you know, this goes far beyond firearms. you discovered other types of weapons went missing, right?
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>> yeah, we also found cases of grenade launchers, mortars, also armor piercing grenades, a big box of armor piercing grenades showed up in a man's backyard in atlanta. >> kristin hall from associated press. the story's up on their website now. thank you. the search for survivors is over, but crews are still working to find the bodies of victims in surfside, florida search teams discovered the remains of four more people today in the wreckage. 64 now confirmed dead, and 76 others still potentially unaccounted for 15 days after the condo tower came crashing down we now have drone video from yesterday's moment of silence after officials made the somber decision to end the rescue operation and shift to recovery alone. rescue workers lining up side by side some with tears in their eyes the mayor of miami-dade county says work on the pile will continue around the clock with what she calls all speed and urgency to find the victims.
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just into the cnbc newsroom, there has been a significant earthquake in california along the nevada-california border a quake and then a series of aftershocks felt across the bay area the peoples california central valley, all too familiar with water shortages from drought but one town hit harder than most with record high temps. the folks there don't have any running water. plus a construction boom as you know the only problem, not enough materials on hand to finish the jobs so builders are forced to get creative (customer) hi? (burke) happy anniversary. (customer) for what? (burke) every year you're with us, you get fifty dollars toward your home deductible. it's a policy perk for being a farmers customer. (customer) do i have to do anything?
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here's the breaking news the u.s. geological survey is reporting a 5.9 magnitude earthquake has just hit in central california near the border with nevada actually it happened just about an hour ago, but it's ongoing. at least a dozen after shocks since then local media are reporting people
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felt the shaking all the way across the state in the bay area near san francisco no reports yet of any injuries or any major damage. i mention the after shocks are still happening, and we're monitoring breaking news as warranted. the deadly heat wave that scorched the pacific northwest last week was virtually impossible without climate change that from a new study from the world weather attribution. researchers say the heat -- record heat really across the area were a 1 in a 1,000 year event that would have been at least 150 times rarer without human induced climate change the heat wave linked to hundreds of death across the pacific northwest. in oregon officials say at least 117 deaths were heat related in neighboring washington state reported 170 deaths. to make matters worst some people in california haven't had running water for the past month. in the central valley.
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>> reporter: it has been a very difficult last few weeks for this community here in central california 700 residents that were left without water for almost a week. they have a well, which you can see behind me, which is the only source of water for the entire community. that well failed last month. and for a few days they had no other source of water. so the residents had to figure out ways to get water. some of them would drive to friends houses in nearby towns and bring it back in containers. now the state has intervened with the county and came up with a temporary solution they're driving tankers from different towns, these tankers are coming seven times per day delivering several thousand pounds of water. we visited residents to see what it was like. >> you're all accustomed to going up to the sink and brushing our teeth in the morning and taking a shower. none of that's available when you don't have water
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you can't wash your clothes, you can't bathe the kids so it's a hardship it's frustrating and depressing. >> reporter: now, the failed well here is only one of many that have failed in this area of the central valley we spoke with the workers that are there, and they're telling us as we experience a drought in california, they're getting more and more requests to go out and repair failed wells. we know 85% of the state of california is under extreme drought conditions the water reservoirs are running low. we have less water in the canals and of course less water underground. so this is a big problem affecting the entire state and i think teviston is a clear example what can happen to the residents when the water is shutoff. tropical storm elsa is moving up the east coast after killing one person in florida last night jacksonville police say a man died after a tree fell and hit these two cars 50 mile an hour wind gusts in
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the hour in camden county, georgia, a tornado ripped through this rv park officials say at least ten people were hurt there tropical storm warnings in effect from the carolinas all the way to massachusetts right now elsa is passing over virginia where more than a million people are under a tornado warning. well, the cost of one of the most important materials of building a home has dropped after soaring during the pandemic look at this chart last month the price of lumber fell more than 40% it's the biggest monthly drop ever recorded. still it's up more than 60% over the past year. but while the price of lumber is cooling off for the moment, housing experts say the cost of building a home hasn't gotten any cheaper at all here's nbc's cal perry >> we get calls every day. i see a house under construction can i buy it no, it's already sold. i'll give you more than they are.
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>> reporter: right now across america houses are easy to sell but hard to build. >> i've been in business for 20 years and this is probably going to be the most difficult year that we face not that selling homes is hard, but getting them built, meeting expectations, managing expectations, getting the material, everything has really turned into a challenge this year >> reporter: a recent survey shows the national shortage of building materials is more widespread that at any time since they started tracking it in the '90s. >> we've got this home it's framed and most of the windows in, but we've got a short order of one window, and that window could take me ten weeks to get i can't proceed. >> reporter: from drywall to manufactured lumber to appliances, pandemic driven delays adding cost and uncertainty for consumers. home builders are unable to get a cost estimate on how much supplies are going to be for that reason as is the case in the lot behind me, the folks who are actually going to buy the house won't know what it's
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going to cost until it's finished there's been volatility across the supply market. take lumber prices which have fallen sharply since an all-time peak in may but are still higher in the pandemic. dave runs good will nashville, a lumber supplier, he's getting creative about sourcing product. >> normally i work with these vendors who just, boom, ship it to me. now i'm look does anybody want to google and see if you can find anyone that sells that lumber in the country. >> reporter: because lumber is flying off the shelf it's sold before it hits the shelf >> if i tell you its coming and you give me a deposit now i'm bound to supply it >> reporter: the effects of this are obviously widespread one of the immediate concerns it's going to be harder for first time home buyers to get into this market as the price of houses only continues to rise. >> cal, thank you. the next steps in britney spears battle to regain control of her life, a court hearing
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scheduled for next week. now britney's mom is telling the judge what she thinks should happen plus they're rowing across the atlantic in a 25-foot boat tracking their progress since they've setoff from london we'll hear from them from the middle of the atlantic next welcome to allstate. ♪ ♪ you already pay for car insurance, why not take your home along for the ride? allstate. here, better protection costs a whole lot less. you're in good hands. click or call to bundle today. you're in good hands. ♪ ♪ ♪ click or call to bundle today. ♪ ♪ ♪
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weather alert and new right now. flash floods from the very front end of elsa now overwhelming
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major highways in new york city. take a look at this video. this is the fdr drive on manhattan's east side. it's virtually a river now -- or that wasn't the right video. but if we had it up you could see cars were moving along the edge of that roadway to avoid getting submerged. there's similar chaos along the deegen expressway up in the bronx. there's video that shows an nypd truck trying to help several drivers trapped in the water here that video is tropical storm elsa is approaching the city reports of some flooding in the lincoln tunnel right now as well the center of elsa crosses over new york city tomorrow morning britney spears' mom is jumping into the fight over the conservatorship. in the court filing that happened the day before yesterday lynn spears called on the judge to listen to her daughter's wishes.
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>> reporter: lynn spears divorced from her father jamie, the coconservator of the state argued -- she's earned hundreds of millions of dollars an international celebrity, choreographing each and every move her mother's petition also praises britney for speaking out during her court hearing last month saying she gave a very courageous showing while bearing her heart to the court in that explosive hearing britney alleged she'd been forced to perform, take lithium and was prevented from removing an iud meant to stop pregnancy in recent legal filings jamie spears insists he had nothing to do with his daughter's alleged bad treatment and is demanding an investigation into her concerns earlier this week britney's long time court appointed attorney petitioned to resign, and her long time manager lar ae rudolph
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announcing his departure just days ago in a letter obtained by nbc news rudolph saying he's not communicated with spears in more than 2 1/2 years, writing in part my professional services are no longer needed still no comment from spears herself on the shakeups. but all eyes will be on her court hearing next wednesday erin mclaughlin, nbc news, los angeles. well, america loves its power couples. beyonce and jay-z, meghan markle and prince harry both hoping to add to their collection in tokyo. while they may be sports icons, they insist they're just a normal couple. >> boom. megan take a thousand. >> take one and only
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>> as legend goes and it was at this photo shoot >> like literally this is where we first actually met each other. >> we were here at the same time and i can't remember exactly how the actual hi nice to meet you went >> he was like in her basketball uniform and had her hair down. >> she was coming from one stage to the next and we kind of crossed and she was like hey, ready for the game >> something stupid like ready for the game >> and i was like funny. >> you're such a loser >> yeah, haha. >> good. >> so dorky. >> i walked away just like why would you ever say that. >> i walked away like i thought you were supposed to be cool we joke about that now because she's a total dork but, yeah, that's how we officially met >> sue bird. >> the best point guard in the country. she can score at any time.
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she is the best. >> megan rapinoe, drives it. >> amazing, amazing goal by megan rapinoe. >> i think being an alete athlete it's really a one of a kind experience. and to be dating somebody who has that same experience, it's really incredible. >> i mean to be honest it's like totally normal, but i also know that she's -- >> the united states once again winning gold >> but i guess for us we're just normal we like to sit on the couch and do what most people do, but we do understand culturally that it's a thing >> what are your favorite things to do together >> i think one of them is cooking. it's something that we like to do together because it means we're home which is really rare these days i joked that she's a bad cook. she's not. she's just a better sou chef
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>> i'm not going to give you the family secrets >> who's stronger? >> i'm way stronger. >> i think we both are pretty strong-willed and challenge each other. >> not even -- i mean she has no chance >> i have to live in the shadow of sue bird, so that's not great. but i'm doing my best to get out of it. >> that was awesome. the world's most dangerous row that's what the group of royal british marines and rowers call their adventure all across the british ocean. we caught up with a team from ocean revival in may they're rowing from the brooklyn bridge to tower bridge in london to raise awareness for the impact plastic pollution has on the oceans and to fund raise for the cause. this is their location right now, about 2,000 miles from new york they're a bit more than halfway there rowing all the way earlier we caught up with royal marine commando matt mason he was on a satellite phone from the middle of the atlantic ocean. >> the trip has been really,
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really difficult so far. we've got arctic blasts from the north. we are currently in 3 meter swells physically everybody's really, really feeling it now. i think we've burned over a million calories between the team fatigue as well is really starting to creep in we're rowing 12 hours a day. we're just so privileged to be out here doing it. >> as you mention they row in 12-hour shifts but they still find time to keep a close eye on engla england's soccer team. they'll face italy for the european championship on saturday the snake escaped her enclosure at a zoo inside a mall in batten rouge on monday. well, around 4:30 this morning they say they found cara in the ceiling. a video shows a person with a snake over their shoulder coming out of that hole in the wall
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there and then climbing down this big ladder. the python of course is 12 feet long so another person inside the hole held onto the nail end and helped to pass the python onto safety. the zoo says, quoting, cara is back home after a quick trip to the vet. 35 seconds on a race to the finish, pfizer announcing it's developed a covid booster shot designed to target the contagious delta variant which is spreading across the nation president biden said the united states will complete its withdrawal from afghanistan by the end of august, two weeks earlier than the deadline he first set. and 15 states reaching a deal with purdue pharma and the sackler family who owns the company that makes oxycontin the sackler family will pay out $5 billion now you know the news. i'm shepherd smith see you tomorrow stressed? no stress. exercise. but no days off! easy, no?
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[horn honks] - tonight on "jay leno's garage"... to deliver our technology ahello, hello. [echoing] does bigger mean better? doesn't get more freudian than this. to find out, we explore larger-than-life vehicles... a volkswagen with a hemi. what's better than that? and collectors. - i'm a big american car guy. - from gas-guzzling dinosaurs... - oh, my god, look at this! - oversized oddities... what could this thing possibly be? and truly big stars. look at that, ladies and gentlemen, brad garrett. we find out, do girls really care how big a guy's car is? okay, this could constitute harassment. tonight, i head out on a training mission with the marines and their enormous v-22 osprey. then we'll work up an appetite

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