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tv   Varney Company  FOX Business  July 2, 2021 9:00am-12:00pm EDT

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back, back on you a hybrid model flexible some coming back you full time going to change the picture, so we're not going to have childcare you know issues it is going to take off. dagen: joanie thank you so much, lisa, steve, stephanie, "varney and company" is right now. ashley webster is in for stewart. ashley: thank you very much. happy friday. i am ashley webster in for stuart varney. we got the june jobs report, 860,000 jobs added, 160,000 more than expected but the unemployment rate ticked up to 5.9%. we were looking for 5.6%. we will have labor secretary walsh joining us to talk about
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the latest jobs numbers after "the opening bell". let's look at how the markets are reacting to the latest job numbers, wall street getting underway in half an hour. markets like it. all up modestly so, dow and s&p up 40%, nasdaq up half of one%. no surprise democrats unhappy after the supreme court upheld arizona's voting rights restrictions. guess what is back? calls to pack the court. we will take that subject on. as we've been saying for a while the pandemic is behind us but try telling that to the largest teachers union. they will hold a vote to decide if students should be required to be vaccinated before fall classes. that's not all. they will vote on whether kids should mask up again. it is a billionaire's race to space. richard branson plans to travel
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to space just days before jeff bezos, trying to get the bragging rights. it is friday july 2nd. "varney and company" about to begin. ♪♪ ♪♪ i want to put on my shoes ♪♪ ashley: who does not love kc and the sunshine band? maybe you don't like them. i love them. 850,000 jobs added in june. edward lawrence joins us to break it down. >> reporter: very interesting. 662,000 in the private sector was added, 180,000 in the government sector was added. the unemployment rate picked up 5.9%.
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the total number of employed people fell by 18,000. the total number of unemployed people rose by 168,000 people. 9.5 million people are unemployed. we have 9.3 million job openings and the administration has to figure out how to match those two up. take a step back. 2016, announced they were going to eliminate, get rid of $300 a week. you can see those states, indiana a judge ruled to add it back in, 26 states, that could be the reason we are seeing a beat on the number of jobs added. ere were big increases if you look at the individual sectors, leisure and hospitality added 343,000 jobs, that is 12.9% below february of 2020, retail added 67,000 jobs. one of the weak spots we see is
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healthcare where they lost 12,200 jobs. the federal reserve is looking at the growth in wages over the past week a month, average hourly wages increase one.4%. this number is not high enough for the fed to make any changes. the labor force participation rate unchanged at 61%. the fed is looking at this, that number has not moved a bit. this likely will not change the federal reserve policies going forward. in an hour we we hear from the president addressing this jobs report. he is likely going to tout how strong it is. the white house has been saying their economic policies are working and that is the reason this jobs report, the economy is opening as robustly as it has but when we go to shut down to an open economy naturally that is going to create that explosion in economic growth. as you said you will be interviewing the labor secretary first at 9:3 to get the reaction to these numbers.
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a very good sort of goldilocks report here. not enough for the federal reserve to make that change but just enough for the economy to keep going. ashley: thank you very much for that breakdown. we will be joined later this hour by secretary marty walsh. we all have also some questions for the secretory. let's bring in jeff the can, great to see you friday morning. let's get your reactions to the jobs reports. it really does seem that way, not too hot and unlikely to change the fed or at least the fed will not react to some report like this. >> i would say that this report blue what is left of my hair back. this was a big big number. this was 50% better than last month. when you look at it, it is
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concerning me is what are we going to do about this labor shortage. we are not finding employees for the jobs and we are seeing a number that makes me confident and makes me feel we are moving in the right direction that we are beginning to see jobs matched up with positions, matched up with people coming off of unemployment. what we did not want his people to come off of unemployment and not find jobs when in fact they are finding jobs. the take up in unemployment rate, i don't think that is a concern at this point because what it shows to me is people are coming back into the jobs market to look for jobs. ashley: i want to move on because you are saying take a look at bank stocks, a good hedge against inflation but it was staying in this low interest environment, these banks are not getting a lot of interest back on their loans so why do you like the banks?
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>> one of the reasons, what happened during the pandemic, the banks were restricted from returning capital to shareholders, they were restricted from dividends. they have to stress test 23 of 23 past the stress test, now they could return capital so they are increasing share buyback, increasing dividend. that is favorable but what i said about low interest rates, what happens is banks borrow money in the short term to lend longer-term so you will see no matter what the fed does i anticipate you will see deepening of the yield curve. what that ultimately does is make banks more profitable. i think there is no better position, no better stock to buy than a bank stock right now that is going to participate in this. the consumer is healthy, relatively healthy considering what we just went through in the banks through their
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improved technology are going to be able to access the market. ashley: having said all of that do you own any particular bank stocks? >> the company owns bank of america, the two best banks, bank of america impressed me. they have impressed me by their ability to adapt to changing technology which is crucial these days. they are in the forefront of that and u.s. bancorp is referred to as a superregional bank. i look at the stress test results and i am very impressed by what u.s. bank has done. you always -- you know me as sometimes an overly cautious -- i could be gloom and doom occasionally but what i would say is that you are going to
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see a bank like u.s. bancorp is going to do better even if we get an economic slowdown. ashley: we used to call you jeff, no longer. great to see you. let's look at tesla if we could, the delivery numbers, what do they show? good morning, susan, they fell short of expectations. >> i would say negligible, pretty much in line, producing cars in the second quarter, delivering 201,000, delivery as i mentioned short by 3000 so that is negligible and most cars produce and deliver in the springtime, elon musk saying they will get to 800,000 cars produced. if that happens that would
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crush last year's 500,000 deliveries and that would be bullish for the stock. ashley: next one for you. robin hood -- that is right. robin hood filed for one of the most anticipated ipos. >> finally, 18 million accounts, almost all of those accounts used robin hood on a monthly basis but you have to remember 18 million more than double last year's 7 million accounts, stimulus check the rise of the retail investor helping robin hood grow their new accounts by more than 150% over the past 12 months. i found it surprising. you have to raise emergency funds resulted in a $1 billion loss in the first quarter, back to game stop. dogecoin, a third of the crypto
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business, maybe that is too reliant, any slowdown could negatively affect their business, looking at valuation of $40 billion, almost triple what they were worth last year. ashley: $40 billion, they make a profit, thank you very much. we will be back to you. futures were positive as we get jobs report, markets happy with it. democrats not happy, the supreme court ruling on two, citing with conservatives. packed the court with liberal judges. we have that story. the country's largest teachers union wants you to vaccinated children before they return to the classroom. rachel campos of a, a mom of 9
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kids. i will ask her what she thinks of that. 72,807! 72,808... dollars. yep... everything hurts. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
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♪♪ ashley: you are looking at philadelphia on the fourth of july weekend, the liberty bell, the building at the top of the screen where rocky ran up the steps. it is a rainy 73 degrees in the mid-atlantic and northeast. after the jobs report the s&p
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and nasdaq, up 100 points, 6 tenths of one%. bitcoin up $465 just under 33,495 on bitcoin. look at johnson & johnson, they say their vaccine protects against the delta variant. what is the story here? >> getting back to bitcoin, 30,000 will be important to watch. but closes before 30 you see we could get 20,000 for bitcoin, back to j and j, they provide adequate protection for the
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fast-growing delta variant, pfizer and moderna said there to those vaccines are productive for 6 months and the highly contagious delta variant has been found in all 50 states and represents 10% of covid cases in the country, maybe the spread of the delta variant is one reason why we saw gold prices lifting a bit. ashley: thank you very much. america's largest teachers union will vote on requiring the jab for students before they return to school in the fall saying, quote, the nda will pull for mandatory covid 19 vaccinations and testing for students and staff before returning to face-to-face instruction before the nda. rachel campos duffy, great to see you.
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you are a mom of 9. should kids be required to get the vaccine? >> no american should be required to take the vaccine to do their job or go to school. it is troubling they are making this statement on the heels of what we now know our parents who are participating, who put their own children in trials for the vaccine, last night on tucker carlson, a platform, one of the mothers has two sons who took it and a daughter, the daughter is in a wheelchair, it is not just dangerous for everybody but something we need to look at because there seems to be a severe neurological attack that could happen. most had covid, they are likely to die to struck by lightning rather than covid so it doesn't make scientific sense, doesn't make sense why they are coming up with this mandate.
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ashley: would you want to see your kids in masks again? >> techno, studies show those don't work either. i tell you what i did see from my kids wearing masks, an increase in acne which tells me there's a lot of bacteria on those masks and we see many studies now coming out, countries that have a lot more medical freedom and transparency than our country about these matters saying they were ineffective. the woman who reported problems with the vaccines with their children, they have been censored, big tech has taken them off, their facebook pages and comments off of the internet. why not have full transparency? why not have medical liberty? ashley: i want to talk about rising crime, a woman tackled
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to the ground and sexually assaulted while on a walk in brooklyn. this happened in broad daylight. this op-ed in the washington post said, quote, republicans have a new strategy, blue lies matter arguing all four members of the squad are more pro-police than their republican critics. can't get my head around it. we know crime is on the rise in major us cities across the nation but rachel, wasn't it democrats, loudly from the rooftops to defund police this past year. >> crime in new york city up 40% and bill deblasio for example, took away police funding, defund them by $1 billion and crime is up,
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blamed it on covid, this is because of covid and president biden sent $6 billion of covid release many of which he used 200 million and said we are not hiring any more cops. given the tweets and the videotape that we have on hand to prove the democrats were calling for defund the police, many of these big city mayors did that and we see the consequences. it is laughable that they would try to push this narrative that it is republicans who want to defund police, they are blaming the people who criticize them for taking money away from security and safety of american citizens. stuart: it is no surprise those criminals in democrat run cities feel emboldened like the police will not respond and they can get away with it. >> that video is terrifying.
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that is everyone's nightmare. coming to this be for 6 years on and off for my job at fox, i decided to move the hotel away from the studio, last week there was a shooting in times square, this is affecting not just people who come to this people work but also tourists, this is bad for the city, bad for business. ashley: horrible to leave it on that note but thank you for joining us. really appreciate it. as we go to the break, let's look at the markets all pointing higher as we open wall street, marty wolf will join us, the first on foxbusiness to react to the jobs report. but more varney after this.
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ashley: check those markets, positive across the board, the
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dow up marginally but the nasdaq still up 81 points. let's take a look at big tech talking to the nasdaq and bring in mark mahaney. you are our tech guy, you have a new price target for facebook. what would that be? >> it is $400, we looked at their oculus virtual-reality headsets and the success of that and the amount they are investing highlights how attractive the valuation is. one of our top picks. ashley: i remember talking about that years ago. why is it taking so long to take hold? >> difficult to get across. they bought oculus for $2 billion. this is the third iteration, they will sell 8 million units in the first year, those are pretty good numbers, pretty
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good numbers, when you come up with new devices like this you need a couple generations, you get version 3, 4, 5, something that can breakthrough the mainstream mass-market. they can do that would virtual-reality but they are investing $5 billion in the asset, that is new news when you realize that and you look at their core earnings facebook trading and discounts for one of the best business models that exists in the market. that is why we like this stock. >> what about the rest of big tech? are you bullish? >> >> amazon, uber and facebook, kind of your covid recovery play. we are becoming more mobile, this is an improvement in fundamentals that will reach profitability for the first time ever, a nice catalyst to get behind in terms of the
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stock. ashley: those are picking up higher in premarket. thank you so much. see how those reform. thank you very much, "the opening bell" will be ringing in 20 seconds. the markets in the premarket responding positively to the latest jobs report showing 650,000 jobs better-than-expected. you can hear the bell ringing, the bell clapping, it is friday going into a holiday weekend. all sorts of reasons to smile and markets underway, the trades start to come in and the dow 30 stocks, you can see a lot more greens in red. on the downside chevron travelers, on the upside intel and walgreens in the early going, the dow up 64 points at this stage, waiting for them to come on board but pretty much
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what we saw in the premarket. the s&p hits an all-time high out of the gate, 4331, up 11 points, the s&p continues to chug along, ending june 30th, for the s&p, as for the nasdaq, 14,583. let's look at individual stocks, soaring up 56%, the founder and ceo joined us to talk about their new deal with in-store cart. the stock up $9. let's check out forward motor company, they released their for delivery numbers for the f 150 lightning electric pickup, they hit 6 figures in three
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weeks. what's the story? >> surpassing that 160,000 mark, electric car deals, in june, the first half record, the mustang sales were up 60% over the month of may, ford suv with retails, and that is why ford is close to a 6-year high. ashley: let's look at virgin galactic. heading to space because billionaire richard branson in his space race with jeff bezos, he says he will beat bezos. >> billionaire bragging rights, not sure, a big stock gain, branson beating him by 9 days, looks like branson is going up
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on july 11th, bezos on july 20th, boast our short rides, a few minutes of weightlessness, major the virgin galactic likes the moxie he is bringing trying to go up first. people tend to like the personality and the leadership. ashley: a battle of egos. let's check the markets. we like to bring in labor secretary marty walsh. the economy added 650,000 jobs, more than expected. >> this was a solid report, we are excited, shows the president biden's economic plan is working and we still have a ways to go as we move forward but this is unprecedented times, and unprecedented kind of recovery from covid 19 that all the indications are in the right direction.
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ashley: you have maintained that there is no connection between the extended benefits, the extra $300 a week and people being paid as some say to stay home but there's a belief that after labor day when those benefits come to a end we will see a bigger report as more people come to the workforce. do you agree with that? >> we will see hopefully we will see more people coming into the workforce and getting jobs after labor day. a lot of that is due to the fact that more people are getting vaccinated every day. i was in indiana at a facility seeing lines of people getting vaccinated and i think if you look at the job growth there is a correlation there as well. ashley: we have spoken to job owners especially those in the service industry who complain about not being able to find work.
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they advertise, no one shows up, they offer bonuses, no one shows up. why is that happening? >> the largest game, large gains there. still living within a pandemic, they see every month those numbers of people contracting the virus, and the last month and a half, as we see those numbers go down we see those gains grow even more. we see industry opening up. the other day in washington for the first time, tour buses going around with people on them, vendors on the streets, we see these cities where a lot of tourism, we are seeing a lot of different small industries coming back and we hadn't seen that in april, may, june and
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early july, happening more and more. ashley: will you expect to see greater jobs created especially as we get through the summer, the economy seems poised to take off. >> we will see more job gains in the country, many americans were working before the pandemic and not back to work, we are not going to rest until we get all people back to work. ashley: anything else take out in the report? the wage growth was softer than expected? 0.3% when employers up there pay for entry-level jobs? >> we've seen the positive side, wage growth up, one area i still have concerns about communities of color, black
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unemployment rate, latino 7.4%, we need to focus on the latino community to make sure the comeback is equitable across the board. ashley: the labor participation rate was the same as it was in may. was that disappointing? >> looking at this report. there are aspects we could see higher numbers in different places. it was a solid report moving in the right direction. stuart: a good place to leave it. marty walsh, thank you for joining us, we appreciate it.
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that is how traders and everyone reacting, a little muted today, dow up 50% but dropped ever so slightly. the 10 year treasury yields, is it up or down? it is neither. it is unchanged at one.45% on the 10 year. gold, see what that is doing. it is up 0.7% at $1,789, good for $12.40 raise. we've been talking about bitcoin, up $345.33,450 as susan pointed out. can it hold 30,000 and the long weekend? that could be a key support level we will keep an eye on. it could fall through that if it does indeed get down there and if it holds. let's look at oil. the average price for a gallon of gas up one penny. it stands at $3.13, just in time for the fourth of july
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weekend and all of that, it is down a 12:45% at $75 a barrel. still ahead, facebook sending a letter to users who they claim might have been exposed to harmful extremist content. what this facebook consider extremist? more on that story coming up. remember president biden, he knows nothing about his son hunter's business dealings. role that tape. >> mister vice president, how many times have you spoken to your son about his overseas business dealings? >> i have never spoken about that. ashley: might need to explain these newly surfaced photos, business partners and the vice president's office. he forgot about that. we will be right back. ♪♪
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♪ ♪ ♪ ♪ ♪ ♪ ♪ when technology is easier to use... ♪ barriers don't stand a chance.
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♪ that's why we'll stop at nothing to deliver our technology as-a-service. ♪
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>> jeff bezos is smiling. he is embarking on his last workday as ceo. he will formally step down on july 5th. -wise that date special? >> that is the day amazon was incorporated back in 1994. bezos, might be handing over the ceo positioning but is transitioning the executive chairmanship which gives him more time to focus on new products and early initiatives as he wrote in the email to amazon's employees in february, handing over the reins to amazon's cloud boss, the first and earliest amazon employee, amazon lifer and jack is known as a thoughtful and more
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reserved personality but jeff bezos might be handing over day-to-day operations and see some big decisions, the annual shareholders meeting, and there has been controversy over union and fulfillment center staff treatments but amazon ipo all those years ago, $18 in 1997, 3 stocks but you can do the math, that stock is up 1000% in the past 24 years and some would argue one of the best ipo stocks. ashley: if i could only go back to that day. moving on, a hybrid work model for its employees. >> what is a better time machine ipo to get into, a
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retail flex program, this arrangement will allow their employees to work some weeks at their retail store locations, and online sales. this is according to a bloomberg report but in september we have apple recalling most of their workers, $5 billion office, that was controversial with some staff writing a memo to tim cook, and googles calling their workers back, 60% should be coming. ashley: a little bit of both. inflation is here, the white house wants to remind you the cookout will be $0.16 cheaper
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ashley: one of my all-time favorite songs and albums, david bowie, you are looking at a hazy lax in southern california, 70 degrees right now, should get nicer as the day goes on. let's check the airlines as we head into the fourth of july weekend. they are all down, american airlines down one%, aaa says 47.7 million americans will take to the skies and roadways, the second-highest independence day travel volume on record.
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people are getting out and about. many started their vacations only, 2.1 million people past tsa checkpoint thursday. i was on i-95 yesterday and i can attest it was packed. holiday travel clearly back, but this year it is going to cost you more. jeff flock taking to the roads in chicago. drivers looking at the highest fourth of july gas prices in 7 years. >> 2014 is the last time we got to this point but somehow i don't think they care. people are happy to be out on the roads. looking at the exodus from downtown chicago, from what used to be called lakeshore drive, in the last week was renamed john point baptiste after the african-american for trader, one of the first settlers of chicago.
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not trivial but the gas price increase if you look at the price right now you quoted, that is a nickel more than it was a week ago and a dime more than it was a month ago at a dollar more than it was a year ago but still we will set a record. you mentioned the travel numbers, for people on the road for independence day, 43.6 million is what they are saying and that is more than it was before pre-pandemic. aaa says it is not nice to have high gas prices but right now america does not seem to care. >> that tells us it is more expensive but americans are not taking that into account. they have pent-up demand for travel and hitting the road. >> gas is high but some people
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know, pumps are out of gas but aaa tells us a gas shortage, there is a problem in some areas that have had problems getting deliveries, a problem with tanker trucks. if you see a pump closedown don't panic. you can find gas just not where you wanted it. ashley: looks like you are moving along very nicely but it is early. in chicago that is how we like it. good time to bring in patrick from gas buddy. it is the holiday weekend. what can we expect that the pump? prices are high but to jeff flock's point people don't care. they want to get out.
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>> so far this week through wednesday us gasoline demand up 7% from the same carbon copy sunday through memorial day weekend. comparing two holidays we are 7% and haven't gotten to the meat and bones of the holiday weekend yet. the high prices, $3.12 a gallon, not holding anyone back and it is only going to go higher as a result of that increase in demand. ashley: gas shortages being reported. that is because the trucker shortage to get to the fuel to the stations. >> that is exactly it. this is not a fuel shortage. it is a labor challenge. many areas with this lumpy labor challenge, labor numbers out this morning but not enough truck drivers, not enough with
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the hazmat certification requirements, that is the problems this summer and as you mentioned delivery delays are becoming a bit more common. most motorists will not notice them but there will be occurrences lasting 12 to 24 hours in which a station runs dry, the delivery is probably on its way but the list of deliveries are growing longer as demand keeps up. ashley: bottom line is a lot of company on the roads so don't panic if the station is out of gas. thank you for joining us this friday. have a great holiday weekend. still ahead on the show, tammy bruce, brad blakeman and kenny polkari coming up. ♪♪
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♪ you give me freedom, freedom, freedom i've been looking for ♪♪ ashley: freedom, indeed, as you see the statue of liberty in the haze of new york harbor on this friday morning, july 2nd. good morning, everyone, i'm ashley webster in for stuart today. it is 10:00 on the east coast. let's get straight to your money. the jobs report showing 850,000 jobs were added, 15 is 0,000
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more than expected, by the way. the unemployment rate ticked up slightly to 5.9% from a 5.8. meantime, the 10-year treasury yield has been unchanged, now just slightly lower, down a basis point if at 1.445. talk a look at big tech, if we can. the nasdaq has been moving higher this morning, probably the best performing of the three major indices, and as you can see, all the big tech stocks moving higher. apple up 1.33%. we just got the latest read on factory orders. lauren, good morning to you. >> hey, ashley, good morning. ashley: hey. >> rebounded and rebounded more than expected, up 1.7%, so they reversed that april slide which was hit, obviously, by the chip shortage that impacts, you know, your cars and other appliances. but manufacturing, 12% of the overall economy, and we're back on the right foot this morning. ashley: yes, we are. lauren, thank you very much. now this. well, frankly, the media had a
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meltdown yesterday after the supreme court upheld the gop voting law in arizona. roll tape. >> i wouldn't call it a gutting of the voting rights act or at least what was left of it. >> it cuts to the heart of democracy. >> this is preicely why we need -- precisely why we need the advancement about. we're seeing the politicization of the courts. ashley: well, apparently they're not happy. and now democrats are renewing, you knew it was coming, their calls to pack the court. new york democrat jones tweeting this: expand the damn court. excuse my language. today the supreme court once again gutted the voting rights act. if we tonight expand the court -- don't expand the court soon, we will no longer have a democracy to protect. what are we waiting for, question mark? i already read ahead of that. there you go. tammy bruce joins me now. all right, tammy, take that one on for us.
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>> well, oh, the drama, right? there's always a crisis, there's always misery. let me just tell you, there is -- that ruling, which was very well done, makes it very clear, in fact, that you can insure that you know who someone is when they're voting and that you can't allow strange thers to collect -- strangers to collect a whole series of ballots to deliver them in some sort of fashion. that doesn't change the ability to vote, it doesn't change the nature of access to voting. all of that, those clips that you played, were just completely untrue. but they resonate with people. it's been a narrative for quite a while, and this argument to expand the court, that in and of itself would make the court completely political. we've seen some very good decisions. some of them have been unanimous a couple of times in this last session. and the fact of the matter is it does disturb the narrative of the left and the desire of the
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left, ashley, to eliminate the judicial framework here. that third branch of government that keeps this system, which is a beautiful system, it's a fine system, from becoming destroyed by political partisan interests. that's what they're so upset about. and i think this also does -- it could have an impact on the doj's lawsuit against georgia. so this is, you know, it's very upsetting to them. they don't like being stopped because it's a wish fantasy of they want what they want. but the fact is the founders knew what they were doing, the framers knew what they were doing, and i think we're in good shape. ashley: you're exactly right, tammy. they don't get the result they want, they simply just want to change the rules until they do. but i want to move on. next one for you, tammy. jason miller, the former senior adviser to donald trump, will officially launch a cancel-free social media platform called get up. that's on july the 4th, a great day, of course, to start it. but, tammy, he says it isn't
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just for conservatives, it's for everyone. what do you make of it? >> well, that's, in fact, one of the reasons why twitter has been, i think, valuable, is that there's a whole spectrum of people involved, right? and that's what makes the conversation not an echo chamber, if you will. you also can block people and keep trolls out, etc. this new platform the, which i've taken a look at, is very sum when it comes to the -- similar when it comes to the aesthetic to twitter, but i think it's going to be important to insure there can be an expeabsive framework. we also know there's a lot of people who don't feel comfortable, who feel censored, who censor themselves out of fear of being banned or suspended. so i think this is important. and it really is, this is important for president trump, i think, and for conservatives, to have a format that mirrors this ability to have exchanges and to have a town hall. i think there's a little bit more work to do, to say the least, but i i think that
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they're going in the right direction. and, look, this is the free market. if they provide something that is as good and as valuable, then i think it's going to do very well. ashley: well, we'll have to wait and see, that is for sure. tammy, thank you so much for joining us this morning. and, by the way, you can catch tammy hosting hannity tonight at 9 p.m. eastern on the fox news channel. do not miss that, and we wish you the best of luck. tammy bruce, thank you for joining us today on the varney show. now let's take a look at the markets, if we can, and bring in our good friend, jonathan hoenig. he once called me captain belvedere, i think. [laughter] all right, jonathan, you say investors should be fearful when others are greedy. what do you mean? >> well, it's not me saying it, ashley, it's warren buffett. it's actually a pretty good piece of add views. look, fundamentals matter, but it's also psychology as well when it comes to the market.
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there's an old saying the market's a pendulum, right? it swings from fear to greed. to parafrays mr. buffett, i think we're much more on the greed end of the spectrum. all-time highs is bullish, but when you see this type of optimism, 40% of people who got a stimulus check put it into stocks. cow simply wouldn't have seen that -- you simply wouldn't have seen that back in 2010. ashley: that is very true, but isn't there good reason to be bullish, i don't know, in the short to midterm? the latest jobs report is something that the fed, you know, it's the goldilocks report. and with that in mind, the cheap money is still sloshing around. isn't there good reason to i stay in the markets? >> there is a lot of optimism out there. you've got giselle and tom backing a crypto company -- [laughter] the meme stocks, right? these are all signs of a lot of optimism. and on some of the good economic reports you talk about, stuart -- excuse me, ashley.
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[laughter] the difference between 2007 and 2009, you know, the economic news was really good in 2007, but in 2009 the stock market had collapsed. same thing in 1999 versus 2001. i mean, the news was great in 1999, but the valuations were very muched. i think that's where -- were stretched. i think that's where we are. ashley: that just shows you how good my english accent is, because i'm really from nebraska. [laughter] i'll take that as a compliment if, jonathan. if someone says, jonathan, i've got this cash, where should i put it? >> well, of course, not giving specific advice, everyone should consult with his or her -- ashley: oh, i know. >> but i'm actually trying to play the short side. it's been extraordinarily expensive. take a look at a stock like tesla. it's, what, $700 this morning, it was $280 just a year ago. if this momentum begins to crack, we see some signs it might be, it's going to be those
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types of names, the high-data fang if names that are going to be leading us on the way down. ashley: very good. steve, steve hoenig, thanks for joining us -- i say that in jest. have a great holiday. let's bring in, i believe her name is lauren. you've got some movers. let me start with, what's that, didi? >> yes, i do. these shares are are down about 5% right now. it's a ride-hailing company out of china. they ipo'd at 14, as you know, beijing investigating cybersecurity risks, so no new users will be able to sign up during their review. again, another chinese clampdown on technology. let's take a looked at tesla, really good news. they doubled their delivers are -- deliveries, more than 201,000 vehicles delivered between april and june. that's a record. and a boeing 7 if 7 cargo plane, ashley, with two onboard crashed
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into the water 2 miles from a honolulu airport. the pilots reported engine trouble of. they tried to return to the airport to land -- [audio difficulty] ashley: thank goodness for that. and also, lauren, robinhood. we've been talking about this, set to go mix. obviously, one of the most anticipated ipos. how much are they looking to raise? >> $100 million, valuing the company at $40 billion. and, you know, staying true to their form, they're setting aside about a third of shares for individual investors. so the numbers here, which is mind blowing, 18 million users. they helped catapult first quarter revenue to $522 million. that might not sound like a lot are, but it was quadruple what they had in 2020. also if you look through this report, you can see the growth of the company and the growing pawns they face because of it.
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take meme stocks, for instance. when robinhood had to curb trading in names like gamestop, 200,000 accounts transferred their money out. they didn't like that. that's what contributed to the quarterly loss of $1.4 billion for robinhood. also crypto, lots of people like to buy dogecoin on the site, on the app. robinhood holds $1 is.6 billion in crypto -- 11.6 billion in crypto assets. so it's riding two of the very popular, also very volatile and maybe eventually very regulated market trends, ashley. a. ashley: all right. expect last one here, another ipo which does not stand for i'm probably obese -- [laughter] but crust by if creme going public yesterday. how's it doing this morning? >> yesterday was tremendous, it was up 23%. today down 5%. so the sugar rush is becoming a sugar crash today. look, they had to -- [laughter]
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their private investors want to got paid out, and it was an expensive i if po, their second time to market. and, ashley, who's eating doughnuts really these days? i mean, i am, you are, but you very rarely hear people say -- what's your favorite one in. ashley: boston cream. i mean, there's no competition. >> yeah. vanilla cream here. crust by creme is a public company -- crust by creme is a public company once again. ashley: it is, hallelujah. lauren, thank you very much. one too mucher secretly recorded pressuring kids to get the covid jab. take a listen. ashley: that's not all the teacher said. seattle radio host jason rantz
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obtain thed that video recording, and he's here with more next. plus, facebook warning you may have been exposed to extremist comments from their own friends. what? what are they doing about it? we'll try the get to the bomb of that story. but first, known for its fireworks shows, now part of the tradition is going, you guessed it, woke. we'll tell you about it next. ♪ ♪ the sleep number 360 smart be.
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ashley: interesting. that was an eighth grade teacher in washington state pressuring his class to get vaccinated. jason rantz obtained that recording, and he joins us now. good morning to you, jason. but that's not all that he said. can you take us through it? >> yeah. i mean, i think it's worth noting that he didn't have any of the numbers, and he was talking about rumors there but then kind of made up his own. he doesn't just downplay some of the side effects, he said we're not particularly good americans as it relates to mask wearing and the implication being how we're selfish because some people don't want to wear a mask even after they're vaccinated. and i think that doing in this
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front of kids can, kids who did not need to show up to class to get pressured into taking a vaccine that maybe they don't need, maybe they don't want, a decision that has to be the. [laughter] up to themselves -- left up to themselves, their parents and their doctors is just clearly inappropriate. so i'm glad that in this case it was a student who had just taken out his cell phone or her cell phone and started to record. because the student knew what was going on was inappropriate. and they knew that something like this is probably happening at other schools. and i can tell you as a matter of fact, because i've reached out to a number of parents and kids who have been saying, yeah, we're being pressured all across the state. ashley: so since you brought this to to light, what reaction have you got? you have your radio show, what has been the reaction? >> well, i've heard directly from parents who say this is not just happening, in this case it's in sumner if, washington, it's happening all over the place. the school itself actually, i
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think, handled this appropriately saying our position is not one to push vaccines on any student. we are being neutral on this, and they said they're going to take corrective action with that teacher. now, what that actually means we don't really know, but i do think that they're handling this as best as they can, which is rare for the schools in this neck of the woods. ashley: that's true. next one for you, jason, washington state respective jim walsh apologized for wearing a star of david to protest covid vaccine mandates. this story made national headlines. you've got an exclusive interview with walsh. what dud he say? -- what did he say? >> so he immediately apologized, and jim walsh has been on my program many, many times. i know him. he legitimate felt bad for what he did, and he should have apologized. what he did was clearly inappropriate. there is no comparison between anyone experiencing covid lockdowns or rules that might be abusive and, yes, might even be
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unconstitutional. but there's no comparison between what jews went through in the holocaust. he said he intended it to show common humanity with people who have been persecuted, and he acknowledged that this was an inappropriate way to go about that activism. ashley: all right. jason rantz, we'll have to leave it there. thank you for joining us this morning, do appreciate it. thank you very much. >> thank, ashley are. ashley: all right. thank you. now this, disney world is changing their longtime greeting for guests. i wonder what it is? bring in lauren. tell me what it is and what will we be doing now? >> don't be offended, ashley, but it was ladies and gentlemen, boys and girls. and now it's good evening, dreamers of all ages. so that's what you'll hear at the opening of the magic kingdom's fireworks show, yes, the boom is back. it was put on hold last year during the pandemic. but, you know, it's the p.c. culture, i get it, a sign of the
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times. but this one might be a little unnecessary or overly sensitive. what do you think? dreamers of all ages. ashley: well, it's a woke world we live in, is so really it's not that big a surprise. but another one, disney coming out with an alien television series, but this one will be about inequality? >> yes. ashley: what's that about? >> okay, so in the alien movies four years ago, it was humans versus the aliens, and now it's humans versus each other. so the new alien tv series, it will be on f/x, it's going to be treatmented around inequality. -- themes around. essentially, what happens when the system put in place can't figure out how to spread the wealth. what happens to us then. very scary, ashley. and then i was thinking, well, hollywood is lecturing about the spreading of wealth and, basically, alien will attempt to show the grave consequences of what happens. i don't know what are the consequences, but you'll find out in the tv series when we
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don't address inequality. ashley: hmm, very profound. makes my head hurt a little bit. all right, lauren, thank you very much. >> just reporting the news. [laughter] ashley: i understand that. let's check the markets. the dow up 33 points, the s&p up a third and the nasdaq up four-tenths of a percent. we're on the upside but modestly so. let's take a look at ford, if we can. they say that sales declined 26.9% last month including rough ofly a 30% drop in its f-series pickups, the fast and biggest group for ford. well, it's been hit by that chip shortage, like so many others. as a result, ford down slightly, just about five cents at 14.86. all right, talking about travel. all aboard. jeff bezos announcing who will fill another seat on his flight to space, but a different billionaire might beat hum. we've got the latest on the race
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to space. but first, is tennessee next texas or florida? tennessee congressman chuck fleischmann says his state has plenty to offer including no income tax. woo hoo. he'll be here to make his case next. ♪ ♪ here you can again and -- here you come again and here i go. ♪ here i go ♪♪ liberty mutual customizes car insurance so you only pay for what you need. how much money can liberty mutual save you? one! two! three! four! five! 72,807! 72,808... dollars. yep... everything hurts.
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♪ ♪ ashley: living in america, james brown. what a great singer there. i'm not sure what part of nashville that is, actually. i lived there for ten years. you'd think i'd know, but it's not downtown, i'll tell you that. as you can see, it's cloudy in nashville right now, 74 degrees, and i guarantee it's muggy. federal unemployment men puts are set to end tomorrow -- benefits are set to end tomorrow. let's bring in republican chuck fleischmann there from that great state. congressman, good morning to you. do you think that'll help fix the worker shortage, ending these benefits? >> oh, absolutely, ashley. and thank you for your kind words about my state, the great state of tennessee. but we want to incentivize
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people to get back to work. one of the great disincentives was the fact that so many states allowed additional benefits out there in addition to the federal benefits to basically allow people to stay at home and make more money. and we've heard from the inception, months ago, from factories, manufacturers and employers all over the state that there was a deaf nut work shortage. -- definite work shortage. now, fortunately, these jobs that have been left unfilled will be filled in the great state of tennessee by good, hard working tennesseans. ashley: it's interesting, in the whole time i was there for ten years, everyone used to tell me in nashville, whatever happens we don't want to be another atlanta because it was clear that the population was expanding at an amazing rate. the collective wealth of residents in your state, by the way, has gained $1.9 billion
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because of the migration into temperature. can tennessee be the next texas or florida, and is that what you would like? >> we love our great friends in florida and texas, but i think tennessee is even better for several reasons. in tennessee we have a strong the -- strong mindset to incentive the eyes entrepreneur, to have opportunity for people across the spectrum to come in and work and prosper and keep the fruits of their labor and invest it. let me be specific. we have a constitutional ban against the state income tax. we're phasing out, we'll totally be done with any of the halls income tax which tax investments. we watch our budget. we fiscally manage our budget very well. we keep regulations low, we're a right-to-work state. everywhere we turn in tennessee, we are open for business not
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only to get in new businesses, but to make sure that if a business has a problem in tennessee, they can come to the state, and we can take a laissez-faire approach to help them and get government off their backs. ashley: not only that, congressman, but a lot of these businesses who are considering places like tennessee look for a good supply of qualified workers, and i think that is where tennessee shines. >> we shine in that regard. we've got a hidden asset. the oak ridge national laboratory, which is in my district, we worked out a situation that a business can actually go to the national lab if they have manufacturing issues, if they have a technical issue and avail themselves of the great benefits and probably the greatest, strongest national lab of all the 17. that is in oak ridge, to oak ridge national lab. so entrepreneurs can actually benefit from that great resource. again, when you're coming to this table in a very competitive
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environment with other states, we want to make sure that tennessee businesses know that they're welcome, but we're also going to have the great backup there. i've got to put in a plug, i know you're very fond of nashville. it's a great metropolis, a great state capital. but chattanooga is my home city, voted the greatest mid-sized city this america. ashley: it is an absolutely beautiful city. you have the big aquarium, minor league baseball, you've got the mountains nearby. i should really be working for the chamber of commerce for chattanooga. >> i'm glad you said that. the chamber of commerce in chattanooga a couple years ago was voted the greatest chamber of commerce this all of north america. so thank you for that, but, yes. our community comes together. it's amazing, across all lines, we just come together. we work together to support business, to support each other, to help each other.
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few land throe by -- philanthropy is great, and this is one of the things i'm talking about all across america. the democrats and socialists are are wrong. we've got to incentivize real growth, real wealth and allow philanthropists and entrepreneurs to not only grow their businesses, but to give back to communities like they do in tennessee. ashley: a amen. what a great place to leave it. congressman fleischmann, it's been a great pleasure. i'll expect a check in the mail. [laughter] >> well done. ashley: congressman, thank you very much for joining us, appreciate it. jeff bezos has revealed who he'll pick to go into space with hum. it's not me, i guess. who is it? >> she is an 82-year-old female pilot, aerospace engineer, really a pioneer in the field. so she's going to go up with jeff bezos, his bore and one unnamed -- his brother, and one unnamed rich person who paid $28 million to do so. they're going 60 miles above earth for 11 minutes on blue
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origin's first manned flight on a reusable, suborbital rocket. remind you, monday is jeff bezos' last day as ceo of amazon. ashley: that's right. but, lauren, we should mention that sir richard branson wants to beat jeff bezos to space -- >> yep. ashley: when is he hoping to lift off? >> nine days before bezos, so on july 11th. branson wants to see what space feels like. he's going to evaluate the passenger experience because eventually lots of people are going to go up. look at this stock though. virgin galactic is up 11, 12% today. it was up more earlier. i just keep thinking if we keep sending all of these billionaires and smart people into space, what if something happens to them, right? ashley: i know. >> i don't know if the stock should be up just because
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branson's going first. finish i'm nervous. ashley: we don't want to think that way, but i know what you're saying. it's a dangers business and, hopefully, everything will be fine. lauren, thank you very much. i have some late-breaking news. we just learned that the president of ibm is going to step down as president. he's been appointed president -- he was appointed president back in principle of last year, april 2020, and once we get more news on all of this, we, of course, will bring it to you. the stock itself down. all right, the famed blue angels celebrating this fourth of july weekend. 50,000 people will watch them perform live, and guess what? we've got a special preview from kansas city coming up. plus, fireworks sales are, pardon the pun, booming ahead of this holiday weekend; that is, if you can get your hands on them. we're taking you to one of the largest fireworks retailers in the country right after this. ♪ -- like the fourth of july.
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♪ courtesy of the red, white and blue ♪♪ ashley: courtesy of the red, white and blue. dallas, texas, this morning. a little hazy, a little bit of spitting rain in the area but, all in all, not bad. 80 degrees in dallas already. prices are beeping up for your weekend -- beefing up for your weekend barbecue. grady trimble firing up the grill in illinois. grady, what are you grilling that's costing more this weekend? >> reporter: chicken, primarily, along with beef, hot dogs, you name it. everything is pretty much more expensive compared to pre-pandemic levels. basically flat from 2020 fourth of july during the pandemic, but up about 8% according to the
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farm bureau compared to 2019. we are at our producer phil's house. this is phil on the grill this morning. you can see what he's already fired up for us. even before 10:00. met me show you the number -- let me show you the numbers of certain items that are going to cost quite a bit more this year compared to last year. strawberries up 22% compared to 2020. chocolate chip cookies are going to cost more, hamburger buns, potato salad and boneless, skinless chicken breasts. we've got a nice assortment here. the farm bureau says you can spend about $60to field ten people for your cookout. we splurged a little bit and spent about $125 for the spread you see here along with everything on the grill. and speaking of grills, sales of grills have been on fire since last year really because people are spending so much time outside. sales up 40% year-over-year, and because of that, the cost of
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grills are up as well about $200 on average. and the fuel you need to power that grill up as well. and there's a tank shortage, by the way. those propane tanks that you see in these grills, they're hard to come by these days, so you move to search locations until you find them. all in all, ashley, compared to pre-pandemic you are paying quite a bit more for your cookout this year. but coming up, we are going to tell you what you can save money on compared to last year. ashley: indeed. but you know what that sticks out to me, grady e? is producer phil clearly takes his grilling very seriously. he looks very focused as he's rolling those sausages around, back and forth on the grill. he's a professional. >> reporter: i don't know if you can see it, ashley, but he even has an apron on for us and a usa shirt. so he's ready for the fourth of july even though we're a little bit early. [laughter] ashley: i can smell the goodness from here. grady and producer phil, thank you very much. appreciate it.
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now this, if you're looking to buy fireworks before the fourth of july, well, you better hurry. prices have shot up 25% because of a shortage. gerri willis is in pennsylvania at one of the largest fireworks retailers in the country and, gerri, they're in short supply, right? >> reporter: you got that right, ash. pennsylvania, that's where we are today. let me show you, they have almost anything you might want. the place is crowded even before the fourth of july. take a look at this, maximum power. you know firecrackers. another product you might know here -- pardon me, sir -- row man candles, right? -- roman candles. but the thing that's really in demand, these assorted packages. this is where they mix if all the different kinds of products. you can find anything you want, but they are short these products. these products are in such shortage, in fact, they're
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rationing them here. dan is going to tell us a little bit about the shortages. you work here, you've been here a long time. what's going on? why so many shortages? >> it's entirely a supply chain issue. what we have right now is we have thousands of cases of fireworks in fireworks plants over in china that will never get on a boat and get over here. and the problem is we cannot get the containers up loaded at our ports to go back over and pick more up. we have about 30% of our inventory that we ordered this year that'll never make it over here. >> reporter: so the a $2 billion industry, more than 70 million in product that's not going to make it to a shelf like this. you know, i'm wondering what's the impact on prices? >> so this year we're seeing roughly double the shipping cost prices that we were paying the exact same time last year. we actually have instances where we're paying more to ship certain containers of fireworks over here than the value of the product in the container itself.
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>> reporter: that's amazing. >> yeah. and that's reacting to about a 30% price increase for a lot of our products. >> so you said this year you doubled the amount of products you ordered. expecting a huge crowd. what are you actually seeing? i know tomorrow's the biggest day of the year, right? >> tomorrow's going to to be a busy day. we'll still have stuff for customers, but what we're not going to have -- [laughter] as you can see -- >> reporter: they're dying to get these fireworks. >> they won't have the psalm selection. it's very common people are coming in with a shopping list. we're having to substitute a lot of the items. >> reporter: dan, thank you so much. really appreciate you help. -- your help today. so, ash, you can tell, it's a fever here buying these fireworks. so if you want to getsome, you'd -- get some, better go shopping pronto. back to you. ashley: gerri, great report. you can hear the buzz in there. fascinating.
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thank you very much. great stuff. people, as we know, are going to be traveling in record numbers this weekend. we've already been warnedded. lauren, come in. will this weekend break pre-pandemic levels? is it that busy? >> maybe. yes and no. is so 47.7 million of us, we're going to travel between yesterday and monday. so the four-day holiday. that's close to the pre-pandemic 2019 levels. so this is the second highest independence travel volume we've ever seen. this is the record, the number of people driving. that's 43.6 million. i will be one of them, ashley. not leaving until early in the morning. i don't want to sit in traffic. we're also a paying the highest gas prices in seven years, as you know. as for people flying, 3.5 million. you going anywhere, ash? ashley: i'm hiding under the bed covers and never getting in a car again. i had to drive six hours on i-95 yesterday, and so many people on the move. yeah, i don't want to hit the roads. but the way, lauren, talking
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about moving, you've got some movers, and you're watching astra space. >> had to, we're talking about, we're talking space stuff for quite only time now. they make small rockets that send satellites into orbit. they started trading yesterday on the nasdaq after merging with a spac. they're up another 9% today. speaking of the billionaire space race, one of the backers in this one is bill gates. so there you go. ford motor, their electric vehicle sales more than doubling last month. and reservations for the new f-150 lightning ev surpassed 100,000. they just debuted it in may. amc, this is a bug one -- big one, ashley, they're down in a big way, about 7%, but volume is very big here. there's a company called iceberg research, their mission is to reveal financial manipulation. they don't like this stock right
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now. they haven't released the full report, but just that comment from them is one of the reasons the stock is down. ashley: yeah. 7%. all right, lauren, thank you very much. coming up, new revelations from hunter biden's laptop from hell. photos showing joe biden with hunter's business partners brad blakeman on the implications of all of this coming up next. but first, 2022 midterms just around the corner. what will it take for republicans to win back control of congress? my next guest says he has the answer. freedomworks executive vice president noah wall will be here after this. ♪ ♪ we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way
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and we have covid-19 on the run. yes, we have more work to do to get america vaccinated and everyone back to work. we're aiming for full employment. that means keeping our pace on job growth including for black, hispanic and asian workers. but this progress is testament to our commitment to grow this economy from the bottom up and the middle out. the american rescue plan provided resources to get shots in people's arms and checks in people's pockets. schools, schools were struggling to reopen, so we made vaccinating teachers a priority. getting schools much-needed support. in march we've added, in the month of march we added 364,000 education jobs to the rolls. small businesses and restaurants were getting crushed. now we're delivering the loans and support they need to reopen and and to stay open. this morning we've learned that jobs in some hard-hut sectors such as restaurants, hotels,
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amusement parks were up by 343,000 last month. over 1.5 million in the past five months. and more help is on the way to give families just a little bit more breathing room. starting this month, families are going to receive one of the largest ever single-year tax cuts that middle class families have ever received. and it's called the childcare tax credit. and here's how it works. in the past, if you paid taxes and had a good income, you could deduct $2,000 per child. that would come off the total amount of taxes you owed. you had two children, you owed $10,000, you'd take off $4,000. in the more than rescue plan -- american rescue plan if, we expanded that. the now a parent would get $3,600 for each child under the age of 6 and $3,000 the for dependents they had between the ages of 6-17.
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so instead of just being a credit against the taxes you owe, it's now fully refundable credit, half of which will get paid out on a monthly basis. look, what that means is this year middle class families with two young children can expect to get, receive a $7,200 in rebate, in in effect. tax return. with the monthly payments of $600 a month starting this month until it's paid out. ought out of ever telephone -- eight out of every ten families who use direct deposits will get their refunds. they'll be able to get a monthly payment on the 15th of every month from now until the end of the year until they get that paid out. help for families most needed, most need help to make ends meet. it's important. i've said for a long time, it's time to give ordinary folks, ordinary americans, middle class
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and working class americans a tax break. this is the type of tax cut that can help our economy because it will go to families who are going to spend it. it'll also help lead a historic reduction in child poverty. excuse me. historic reduction in child poverty which-long-term benefits for our economy. and we're delivering $39 billion to help childcare providers serve more families, to help parents, particularly women, get back to work. last month our economy added jobs. again, none of this happened by accident. providing, proving to the naysayers and the doubters that they were wrong. none of this is guaranteed to continue though unless we finish our work. now's the time to accelerate the
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progress we've been making. now is the time to build in long-term foundation that we've laid and build it in for the long term. economists of all stripes agree that my plan will create good jobs, drastically strengthen our economy in the long run. so we have to continue to make the investments that will allow our economy to build back better and deal everyone in. we took a significant step in that direction last week when the bipartisan group of senators forged an agreement with me to move forward on key portions of my american jobs plan. it was -- i was just in wisconsin where i highlighted how this agreement's going to pave the way for a generational investment to modernize infrastructure, create millions of jobs according to the experts and what will mean an ever -- it won't just be in the center cities. it'll be every corner of the state and our nation. we're going to create jobs repairing roads and bridges,
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replacing 100% of our nation's lead water pipes, making our power grid more reliable, delivering high-speed internet to every american home, rural and urban. we're going to put people to work building a nationwide electric vehicle charging network. transitioning from diesel school buses and transit buses to electric buses and bringing in world class rail service to more americans by reducing and in the process reduce our carbon foot print. for example, when i was up in wisconsin, i said -- i pointed out to the governor, gov, i know it takes -- i don't know how many people, a couple hundred people, i guess, in the audience. it takes, i guess, four and a half hours to drive from here the chicago. with the money we have for mass transit in here, you going to be able to do that in two and a half hours. and all the tau that shows that -- data shows that when it's easier to get someplace by rail than automobile, it's cheaper, and it generates a
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whole lot less carbon footprint. we're going to create good paying union jobs capping hundreds of thousands of abandoned oil and gas wells to stop methane leaks which are devastating and to protect the health of our communities. these are good jobs. taken together, these investments are going to position america and the people of the world and win the 21st century. now, as we bring home key parts of my american jobs plan, i'm going to make the case for equally critical investments we still need including those which i introduced at the same time, my american families plan. when i was running for president, i put together a bold, aggressive plan to deliver childcare, paid leave, universal pre-k for 3 and 4-year-olds, free community college. maybe the free community college. maybe the most important thing is extending the child care tax credit i just mentioned.
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for another 5 years it will significantly benefit working-class families. that human infrastructure is easy central as physical infrastructure to help us create more good jobs, ease the burden on working families and strengthen our economy. these investments are critical and as the plans i put forward tackle our climate crisis, which are broad and deep. ashley: president biden speaking on today's job numbers but also touting his economic plan saying in court the sun is coming out on the economy. more jobs, better wages, time to accelerate the progress, president biden using the jobs report as a platform to talk more about his economic policies. kenny, 850,000 jobs added in june, we just heard president
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biden patting himself on the back about the recovery. what do you make of that? >> i'm not surprised he is patting himself on the back but the job number we got today was, as expected and i put in my notes, the whisper number was we would get a better number. what i was thrilled to see, better number in the jobs, there wasn't that a bird pressure on wages or as much as the whisper number. that gives it a kind of goldilocks tone to it. it is good but it is not, so hot we have to ignite that whole inflation anxiety ridden, we will raise rates right away conversation. that is hidden in the news. i am still in that camp but i think inflation is not transitory and is going to rear its ugly head in the months ahead but to take today is a good report. ashley: it raises the question
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about the strength of the economy, does it justify the super accommodative policy of the fed? >> that is the point. i don't think it does which we started pulling back already which is why i think the inflation story is going to go from transitory to a little more permanent in the comments we got last week about mid-2022 interest rate increase conversation is alive and well and on the table and absolutely, they put it out there for consideration. when it starts to happen, we did indicate potentially this is going to happen so we covered our bases and that is not what the market is prepared for. they are being a little bit too - i don't think investors in the market are paying enough attention. they are being overly joyous when they shouldn't be.
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ashley: you are not the first to say that. i speak to so many small business owners who can't find people to fill the positions that need to be filled and now they have to pay higher wages -- back to the president who is taking questions. i will get back to you. >> down 90%, wages are up faster than any time in 15 years, we are bringing our troops home, all across america people are going to ball games and doing good things. all your negative questions, your legitimate questions. >> are you concerned about potential this weekend in places where vaccination levels are not high, that there will be a new covid outbreak? >> i am concerned that people who have not gotten vaccinated
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have the capacity to catch the variant and spread the variance to other people that have not been vaccinated. i am not concerned there's going to be a major outbreak, in other words that we will have another epidemic nationwide but i am concerned lives will be lost. i was reading today there is speculation some judgment is coming out that the -- communicate the vaccine -- the new variant to your pets. i say not totally facetiously, those of you who haven't been vaccinated, you don't want to go through it, it doesn't hurt, it is accessible, it is free, it is available, don't think about your self, think about your family, think about those around you. that is what you should be thinking about today. the fourth of july this year is different from the fourth of july last year. it will be better next year. thank you all.
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>> do you think congress will an actor playing? are you confident? ashley: wait a minute. >> can you ever be confident about anything? who want to put money on anything congress is going to do? look, folks, this is a process. this is a process. i love you guys but it is a process. i don't know what you want me to say? yes, i'm absolutely certain. are you actually said new commission is going to work on investigating what happened on the sixth? are you confident that republicans will participate? all i know -- only i know what to do, i really mean this, is do my best to lay out what i think the country has to do, try to be as persuasive as i can and hope, and thus far, it seems to be working a little bit. thank you. >> you think it is fair the olympics -- ashley: so now he leaves for real.
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thank you for joining us. i want to bring in bladder -- brad blakeman. president biden is not concerned about a major covid outbreak but encouraging people to get vaccinated. >> it is important for every american to get vaccinated. it is a precaution that is necessary not only to help themselves but their families. i applaud the effort to continue the vaccination program and make it available to every american. that is important. we've got to get america back to work. there are pockets in this country that are preventing americans from doing just that, getting back to work and to provide for their families free from government assistance. ashley: switch gears a little bit now. i want you to take a look at this new leaked photo showing president biden having dinner with his son hunter and his
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business partners in 2015. president biden swore he had no knowledge of hunter's business dealings at all but this picture tells a different story. your reaction. >> the truth always comes out and the press has not been interested in getting to the bottom of this story but we know from hunter biden used code words like the big guy. that was his father. it appears and alleged to be passed to his dad, when he was out of office, hunter biden said he wasn't qualified to consult on. he made millions of dollars off his dad by his own admission, he never would have gotten these contracts without his father being the vice president. hunter got many contracts when his father was the vice president traveling with his father on us aircraft to make context but the press isn't
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interested in it. congress isn't interested in it. it doesn't seem to be the judiciary is interested in it. what will happen remains to be seen. >> we do this all the time but we always say if it were the other way around the mainstream media would be baying for blood of it was a member, but it is so galling that because it is on the other foot we are hearing nothing about it. >> we are smarter than the press believe we are. you can. of the people all of the time but when there's smoke there's fire and hunter's admissions are damning against his father. >> hard to believe anything that comes out of hunter biden's mouth, we will leave it
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there but i want to leave on a heartwarming note if we can. a patriotic story about you. you found a us marine's luggage at a flea market, gave it back to him after 60 years. what was that? >> i was hunting for bargains a number of years ago at a flea market in virginia, i found a piece of luggage with writing on it, identified the marine piece of luggage, what concerned me it did not remain with the soldier or his family so i tracked down his grandson and we contacted each other recently and the bag is on his way to be reunited with his family and the marine died in 2016 at the age of 89 that served in world war i, korea and vietnam. >> must've been a call to explain to the person on the other end of the phone what you had.
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>> i said you are not going to believe this but i have your grandfather's luggage the traveled with him all over the world, and at first he didn't believe it. i sent pictures and he said i believe it. i did to reunite with the family where it belongs. a great story, great service and what better time than fourth of july weekend. ashley: you are a good man for taking the time and effort to get that piece of luggage reunited with that marine's family. brad blakeman, thank you for being here. let's bring in lauren simonetti, taking a look at ibm. what is going on? >> reporter: president jim whitehurst stepping down, the first major shakeup under ibm's ceo, krishna acquired red hat in 2019. ibm is down 4 and a half%. look at and lift, sweetening
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job perks to get more drivers to sign up and hopefully produce those high passenger fares. stocks are up today but in china there's a crackdown on the right healing company didi, cyberspace agency investigating in the name of that, they can sign up new users in the meantime which is why the stock is down. what is interesting about the didi ip owner, no fanfare, no bellringing, no press conference, beijing is clamping down and try to keep it low-key. ashley: down 6%, trailblazers landing the first deal with crypto, a patch on their jersey, who is the deal with? >> a platform called storm x getting grand presence and the
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signage in the arena, what it does is sets the blazers up for future ticketing with crypto, education in crypto for their fan base, more support for crypto currency. ashley: now this, the blue angels celebrating 75 years this fourth of july weekend and 50,000 people will watch them perform live. we have a preview. i've taken a ride in one of those jets. it was incredible. facebook wants to know if your friends are becoming extremists, we will tell you about that but 130 nations backing the us proposal for global minimum tax rate, will this level the playing field for american companies? i will ask grover norquist next. ♪♪ ♪♪ oh! are you using liberty mutual's coverage customizer tool?
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ashley: that is the white house talking of money money money, the weather, 72 degrees in washington dc. 130 nations backing the us proposal for global minimum tax on corporations seems like a good time to me to bring in grover norquist, use your corporate tax hike would increase costs like utilities, right? >> if you raise the american corporate income tax utilities the corporate income tax and get the money by raising their
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charges for their fees when you get the utility. we see across the country a reduction in what people are paying for utilities. it works the other way. directly hits workers that way but also 50% to 70% of corporate income tax and lower pay and fewer jobs. it attacks on workers. ashley: there are countries by kyle and others that set a low corporate tax rate because they wanted to attract corporations, they wanted to attract jobmakers and things that would benefit their local economies and we have janet yellen coming around the world saying no. it should be up to individual countries. they signed on to it but the point was to be competitive.
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>> yellen allowed the united states have taxes that are too high and other countries to have taxes that are too high to avoid competition. you want governments to compete to provide the best government at the lowest cost. the united states, 35% rate for decades and the rest of the world came below us, we were not competitive. we were much more competitive. this is what yellen doesn't want, she wants to tie america's hand. if we want to cut our taxes to be more competitive we would have to get europeans to agree with us. the chinese to sign off on it, china has no intention of keeping their word on the subject, and britain takes the banking system out of the deal, something that wasn't authorized. ashley: another issue for you. president biden's infrastructure deal calls for
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$40 billion to beef up the irs and you say that will hurt small businesses the most. >> yes because the irs has been saying for years where they want to go to look for getting more tax revenue, those get paid in cash, restaurants, barbershops, nail salons and corner grocery, these are the businesses they are going to go after, small businesses, hundreds of thousands of them, large corporations have plenty of lawyers and accountants and they pay what they are supposed to and same with the ultrarich, they are going after smaller businesses that don't have that kind of thing and they can get terrified by the irs. the irs has to put 87,000 more agents in the field. they are not going to help you when you call in and you can't get an answer from the irs, that's not something they are beefing up, they will beef up
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going out and doing auditing, they want the right, the power to look at your accounts, everything that goes in and out of paypal, they want complete transparency on your life to make their life easier to tax. ashley: so president biden's pledge that i'm here to protect middle-class america is a classic example of where he's not at all because that hurts middle-class america? >> it certainly does and he knows it and he keeps saying that about not taxing anyone who earns less than 400,$000. if you pay utility bills you will be getting higher taxes. if you work for a company that sees higher taxes you will get less pay than you would otherwise. this is coming directly out of the middle-class packet and who are they going to audit? they already audit the big companies, they will be auditing the smaller firms, the ones -- your neighborhood -- ashley: exactly. grover norquist, great stuff as
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always, thanks for joining us. >> good to be with you. ashley: the cbo is predicting a major increase in the budget gap. how much are we talking about? >> $3 trillion, 13% of gdp and 3 times the shortfall we had before covid 19. a big reason for the gap is the $1.9 trillion relief package for the white house, the cbo which is nonpartisan, the prediction does not include the infrastructure spending so you can expect that shortfall to skyrocket should more aid be passed. ashley: i would say so, thank you. take a look at the market. let's look at those markets as we head into the long holiday weekend, the dow has been on the same place since we reopened two hours ago, potential of one%, the nasdaq up a 12:45%, on the positive side but a little muted if you like. and their sued by the parents of a 3-year-old boy,
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third-degree burns after being trapped. it is $0.79. come back in. a toy company making exercise bikes for toddlers. >> the company's little tykes and the bike is, pelican, really cute, they get the tablet stand, the bluetooth speaker and they can take youtube adventure classes, you don't have to subscribe. they can burn some calories. i have made my kids go on the treadmill before when they are too wild, get the sneakers on. ashley: a lot of energy. i remember one of my sons, cameron, used to run and run until like a switch he would drop where he was standing, i
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would find him face down in the hallway out cold. they need to burn up that energy. one more for you. pinterest is selling certain ads on its site. >> every weight-loss ad, band completely on pinterest. this is a first for a social media company. here's the reason why. people say at home, gained weight during covid. as they reenter the world they face pressure and sometimes under stress to rejoin social circles. seeing ads could be bad for their mental health, you are laughing. you are laughing. ashley: i'm not laughing. >> i was thinking about this. i don't look at the ads on social media, who pays attention to them. the audience for pinterest skus wonder -- younger and female. that the reason why. might have my hair on my mike
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which sounded like it. ashley: that is what my laugh sounds like. lauren's hair on the mike. lauren simonetti, thank you very much. now this. former trump aid launched a brand-new social media apps. can conservative platforms compete with companies like facebook and twitter? we will get into that and the blue angels are about to debut their new super hornet jet, sounds great. is part of their 70 fifth anniversary collection. we will take you there next. ♪♪ ♪♪ how am i doing? some say this is my greatest challenge ever. governments in record debt; inflation rising and currencies falling.
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ashley: what a beautiful shot, beautiful day, this is kansas, missouri, that is where we find abby getting an early look at the blue angel's 70 fifth anniversary celebration, the question, will there be any covid restrictions at the airshow? >> i didn't peg you as a high
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school musical guy, but there won't be any covid restrictions this year. they are looking forward to that, if you're unvaccinated wear a mask. not necessarily a mandate, expecting 50,000 people over the weekend as the blue angels, thunderbird and golden knights and many more perform in front of those who perform in front of the country to watch this. the anniversary with the blue angels will be debuting that super hornet which is different from the legacy hornet, 33% more powerful. tomato blue angels pilot, what they have to do is that hip maneuver so they don't pass out. they tried to do that in a more powerful just. a lot to look forward to. >> proud day to be an american especially the fourth of july,
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it is awesome to be in front of an awesome crowd. we have a surprise at the end of it. a big day for the military. >> reporter: the fourth of july is a big day for the military. he was a thunderbird pilot and the thunderbirds made a surprise visit to kansas city, usually you don't see the blue angels and thunderbirds performing in the same event, he teased a surprise. my guest is they fly in formation together. that would be a unique experience for people coming from all over the country to see this event. ashley: you took a ride in one of these jets, right? >> reporter: i did and if you go on youtube you can see me passing out and maybe throwing up a little bit, a hard thing to do. i blame it on being tall but what these pilots, i give them
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so much credit, they have to be incredible shape and flying so close together, it is a lot to manage. a lot of people at the airshow, the top pilots in the military and across the country. ashley: i took a ride with the blue angels in tennessee, i didn't pass out but i did unfortunately throw up but i dry heaved and the bag went flying over the top of my helmet. it was an embarrassment all around but i managed to stay conscious but it wasn't exactly top gun material. >> reporter: i took a little nap, you sound like you might be in better shape than me. ashley: i wouldn't say that. great stuff, thank you for that report from beautiful kansas city, missouri. look at the markets. you are following virgin galactic. >> they are snapping a 4-day losing streak, up nicely today,
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richard branson will travel to the edge of space 9 days before blue origins's jeff bezos. it will go on the eleventh of july. a billionaire space race, rocket fuel for the stuff that i am going to make a wild prediction. do you think elon musk, space x ceo will just let branson and bezos get all the attention? he has until next sunday to go to space. maybe he will tweet about it. ashley: it is a battle of the egos. you are right. someone will go tonight to get ahead. facebook is warning some users they may have been exposed to harmful extremist content. these warnings are largely sent to people who were connected to individual that the capitol hill riots. let's bring in the president of accuracy in media. should we be worried what
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facebook considers extremist content? >> they come from the most extremist part of the country, silicon valley and seek to tell us what is extreme and what is mainstream? we have views shared by the widest amount of americans. any survey, any gallup poll shows conservative is the most popular way to self describing nearly every state in the country but for whatever reason people promoting freedom or interviews including myself, including my staff got that sort of message. to my knowledge no one who promoted antifa on their site or black lives matter riots, none of them received that message. unbelievable hypocrisy. ashley: those groups in particular created so much violence and destruction around the country which you could label as terrorists. >> i would label it as a fiery but peaceful protests because that is the sort of orwellian
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world we live in. if we want to promote patriotism on the fourth of july facebook deans is as extreme. if they want to burn down minority owned businesses i think facebook use that is pushing minority rights. it shows how wild be echo chamber is in silicon valley and i will be honest with you, it makes me even happier when i get to use their site to promote our views. ashley: i tend to get into this, jason miller launching a new social media site, it will happen on one other date, the fourth of july, does this thing have legs? will it stick? >> they might as well call it echo chamber. what is the point of going to a site where we only attract people who already share our views. we should get our views to the highest number possible to the biggest audience possible. of it is just a site that doesn't have your family members who see photos you share or celebrities you want to follow it is never going to gain traction.
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it is not going to be the way to communicate our freedom oriented message to the masses. ashley: you think it is misguided. the conservative point of view needs a liberal audience in order to promote that debate even though it is very heated. >> we talk about this all the time, in accuracy in media. whatever reason, our site, quit facebook and quit twitter, jack dorsey and mc mark zuckerberg are not losing any sleep over that and instead we try to create content we share among ourselves. we may conservative documentaries for conservatives to watch. that is ridiculous. we should be trying to take over these media platforms, takeover hollywood, take over media social platforms and get our mainstream views used and shared on mainstream sites in mainstream outlets.
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ashley: it is hard when those mainstream outlets are blocking you but it is an interesting issue to discuss. we are out of time to thank you for joining us. really appreciate it. the new fast and furious film brought in $70 million, shattering pandemic records but will we see a repeat of the movie this weekend, the fourth of july, particularly big moviegoing weekend? we will find out. 44 million people will hit the road this holiday weekend but drivers are paying the highest prices for gas in 7 years. that is not the only problem. jeff flock has the report live from the road next. ♪♪ ♪♪ i want to ride it all night long ♪♪ ♪♪ you are going my way ♪
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ashley: a clip from the new boss baby sql that is in theaters because blockbusters are back, lydia who is at the amc theater in new york. what are we expecting crowds to be like at the movies this weekend? >> reporter: we expect people to start coming back to the theaters like they have been but not expecting crowds to come close to the pre-pandemic level for a holiday weekend. what we are finding is people are willing to come to the theater if the movie is worth it. usually summertime is a busy season for the box office but last weekend it generated $99 million before the pandemic, most weekends close to $150 million, not close to the pre-pandemic the years. we played boss baby a moment
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ago, that is expected to draw an audience this weekend, being released today to rake in $50 million this holiday weekend but compare that to 2019's holiday release of spiderman that brought in $90 million. of the movies getting attention right now, as mine, fast and furious movie starring vin diesel and michelle rodriguez, it roped $83 million through the end of june an action horror sql quiet place part 2 the grossed $138 million. some say the secret the box office success is exclusivity. they are only available in the theaters but other movies being released have been available on streaming platform is too, something we were seeing during the pandemic, boss baby will challenge that because not only is it available starting today but also for streaming on peacocks. we will see if the movie draws
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people back to the theaters even if it is available for streaming. to give you a sense what we were talking about, usually you see $200 million generated this year. ashley: not quite back to normal but if you release a movie in theater and streaming that has got to hurt the movie theater. interesting stuff. tens of millions of people not at the movies but hitting the road for the holiday weekend. let's bring in jeff flock and as you cruise around are you going to see traffic starting to pick up? >> reporter: this is the root out of town and we are starting to see it pick up a bit. later should be when it kicks in. talk about back to normal, auto travel is back to normal according to aaa. take a look at the numbers. they say more people will travel this fourth of july
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holiday than ever before. 43 million, a lot more than the previous year, 32 million and more than the previous record which was 41 million and here is the deal on this. gas prices, we pulled off the station because i saw that sign. $4.19 in chicago. national average is closer to $3.13. as it turns out i need some gas right now. across the street it is a little cheaper, stuart varney would appreciate that. the other thing you might find as you are out here is there may be places where the gas pumps are shuts down, one or two gas pumps may be shutdown because there is a problem getting gas to some stations in some parts of the country. talk to aaa about that, they say don't panic, most of the places are fine, just having a
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little bit of trouble getting the gas, two particular stations because of the shortage of tanker drivers. listen to what aaa told us about that. >> no need to panic, no need to panic by. it is not a gasoline shortage. it is a transportation issue, the industry is working hard to keep up with demand and get delivery. ashley: time for me to get some gas. it is cheaper here, $3.99 as opposed to $4.19. why anybody would go over there, there you go. ashley: stuart varney would be proud of you. who is going to pay $4.19? you are the man. he does it all and gets cheaper gas, thank you and now this. supply chains are so backed up but one restaurant can't even buy crabs and they are on the
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icic e clthas c asskylskyl it i tta le on lethe chilliere r f wee wnd.nd.nd ion the menu fou foe fo th culycuar grady trimble joins us. the barbie is that going on the white house says we are saving $0.16 on our cookouts. is that a little misleading? >> in the middle of the pandemic when meat supply chains were out of whack prices were already higher for a lot of the food you buy at a cookout, up from before the pandemic, and still is manning
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the grill for us today and a lot of food it will cost compared to last year including strawberries, chicken breasts, hamburger buns, and we promise to save you money as well. some of the foods going to cost less compared to 2020 ground beef down 8% compared to last year, vanilla ice cream, porkchops, sliced cheese for your cheeseburgers and potato chips down slightly but we mentioned things like strawberries are going to cost more, potato salad is going to cost more. grills, you might be able to save money if you go to the store and buy a grill this weekend because they were on sale but because they are in such high demand, on average, prices were grills are up $200. i will send it back to you because we are getting hungry and we want to eat this delicious food.
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ashley: it has been noted grady, by the show, that that is a lot of food for two people, just you and producer phil. is there an eating contest going to happen? >> reporter: come on over. we are trying to convince jeff flock to drive over as well where he is doing his reports from the highway. we will share it with anybody. ashley: flock and free food, you know what that means. businesses are bracing for tourists this weekend. we want to bring in amy russo from asbury park, new jersey. she joined me now. you have been on the show, you were on the show a month ago and you said at that time you were 8 to 10 workers short. how do you stand now? >> it is okay. still on the same border. the last time it was one.
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ashley: someone spoke to me as you said -- how many positions you have open? >> that is okay. we are doing okay. in my other two locations half a dozen. ashley: a lot of talk about the supply chain being a big problem. is it affecting your business? >> it is brutal. i would like to know where they got this to send my way. we haven't had things, we haven't been able to get it off of our menu. one of the biggest sellers, crab with egg on top and we can't sell it right now. ashley: you are right on the ocean, right? >> we are four blocks in from the beach, crab is a big seller especially in the summer months. i wish it and that it crab.
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chicken breast is a seller. ashley: we are heading into the long fourth of july weekend. we've done a lot of stories on the economy rebounding. are you seeing that in your business? >> we are. every time we see the weather take a turn before memorial day weekend, not great weather. the same thing, amazing and strange, last summer we didn't have enough for people, now we don't have enough staffers. at this point, given us what we need, we need - what is coming. ashley: we will put in a special request for mother
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nature next time we had into a holiday weekend, amy russo, thank you for taking time to bring us up to speed. thank you. it is your friday trivia question. which three presidents who signed the declaration of independence actually died on the fourth of july? that is a bit morbid. the answer in just a few moments. a hybrid cloud with ibm helps bring all your clouds together. that means you can access all your data, modernize without rebuilding, and help keep things both open and secure. that's why businesses from retail to banking are going hybrid with the technology and expertise of ibm. it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. get ready for it all with an advanced network and managed services from comcast business.
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muck. ashley: all right, everyone, welcome back. which three presidents have signed the declaration of
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independence actually died on the fourth of july. well, the answer -- if you got this, you're good -- the answer was john adams, thomas jeff and james monroe. adams and jefferson both died on the 4th of july, 1826, and monroe died on july 4, 1831. so on that the very uplifting note, i'll turn itover to hi good friend, neil cavuto. neil, take it away. neil: you know, i covered the signing of the declaration of independence -- [laughter] those guys, they were cut-ups. finish thank you, my friend. have a wonderful and a safe weekend. all right, ashley, we're watching the same thing you are, some records on wall street. the s&p at another one-year and the dow up better than 111 points all on this much better than expected jobs report. we're going to get into that in some detail. we have some orr goodies including the guy who heads up the virgin orbit, that's, of course, richard bra

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