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tv   Cavuto Coast to Coast  FOX Business  August 5, 2021 12:00pm-2:00pm EDT

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frogs. they never go to sleep. you learn everything on the show. we go to neil cavuto, with a quick look at markets all moving higher. i have done all the heavy lifting this morning. that leaves it to my good friend neil cavuto not to blow it. take it away, my friend? susan: how would they know it about the bull frog? i want you to go back to your staff here, guys, stop this nonsense. the bull frog is resting its eyes. i will play along. ashley, thank you very much. as he should, my staff did that, i would say i want the proof, i want the proof. we're up 200 points corner of
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wall and broad here. all of sudden people get vaccinated lessens the possibility worsening here. keeping the economic recovery chugging along. no way to know for sure. buyers outnumbering sellers for the time-being. team coverage on all of this with edward lawrence on the vaccine push right now. jackie deangelis on schools and the push to make sure all kids and by the way, teachers are masked. lydia hu on a big canceled auto show in new york that was looking to be on a little more than 72 hours ago. not the case right now. charles payne how all of this could be affecting the jobs numbers and down the road how people feel about even looking for jobs in this environment.
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so lots to get into. let's get it going with edward lawrence at the white house. hey, edward. reporter: neil, i didn't know you had all the room for all of those boxes there. international travel, reuters is reporting that international travel will be coming back now with a caveat though. the administration is looking possibly requiring vaccination, proof of vaccination to be able to travel back into the united states from another country if you're trying to visit. there will be some exceptions to that. if this is true, it took the u.s. travel industry by surprise. in meetings with the travel companies sources are telling me that the administration gave assurances would not make vaccination as requirement for international travel. one source told me if this was true it would be a seismic shift in the policy. this is a rules related to travel changing. the white house covid czar says there will be a phased approach. >> there is still policy work being done here. may need to have some type of
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vaccine requirement but that is not a decision at this point. that is one of the paths looked at and considered but there are alternative paths looked at at the same time. reporter: the u.s. travel association saying that while vaccines are crucial tool to allowing us to reopen to 212 countries it would be a step back to replace the current testing requirement with vaccine requirement for all other countries. now the travel ban started back in january of 2020 when the former administration banned people from china traveling to the u.s. other countries have been added by this administration. most recently india this past may. now the international travel has accounted for $182 billion to the u.s. economy. that is in air fares, other spending from those guests. that is according to the u.s. travel association but again it is money that is soarly needed here in the u.s. so that industry would like to see international travel start up again. back to you, neil.
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neil: edward lawrence at the white house. we're getting word out of broward county of florida, will require all returning students to wearing mask. it is a tussle back and forth between the governor says so, the mandates are not something they should be looking at right now. it occurs at the same time we're learning the education secretary wants children back in the classroom, wearing masks. it is a strong guidance. we're hearing a lot of so-called strong guy dance. jack key dee dee has -- jackie deangelis with us. reporter: there is a lot of chaos an confusion about all of this. on one hand the cdc said kids should return to school with masks. president echoed that that in person learning is a must but didn't get into the mask details. some states are mandating masks, in louisiana, if you're over five in that state you need to wear a mask indoors regardless of vaccination status, florida, governor desantis saying there is no mask mandate coming.
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how exactly would this work at school? no masks for the kids? so far several counties as you mentioned in florida have voted to impose mask mandates directly defying the governor. and what about the teachers unions, how will they react going back to school maskless? randi winegarten already saying that the teachers unions will try to get their staff back for in person learning in the fall but she clearly wasn't promising anything. florida's covid response in general is under attack by the president. he and the governor trading barbs this week. listen to this. >> i say to these governors, please help. if you're not going to help at least get out of the way. >> joe biden suggests that if you don't do lockdown policies then you should quote, get out of the way. let me tell you this, if you're coming after the rights of parents in florida, i'm standing in your way. i'm not going to let you get away with it. why don't you do your job. [applause] why don't you get this border secure? until you do that i don't want
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to hear a blip about covid from you. reporter: finally today, secretary of education, dr. miguel cardona speaking at the white house briefing later to address some of this chaos. cardona wants children back in the classroom wearing masks which creates immediate friction with number of states banning the mandates. this is tough. there is not a lot of time figuring it out. as the plan something taking place, remember the variants could change the game at any moment, neil. neil: jackie, thank you for all of that jackie deangelis. i want to go toe lydia hu. she is following putting the brakes on the new york auto show. this was looking as a go. it is off. follows what has been a spate of events pushed back or pushed off or just pushed out period. what is going on here, lydia? reporter: hi, there, neil. the organizers announced that the auto show would be canceled just yesterday. they cited growing cases of the
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delta variant as well as mayor de blasio's recent vaccination mandate for restaurants and gyms for any indoor event. a sizable proto the local economy here because the event is the largest auto show in north america t generates $300 million for the local area with people that usually attend. fewer hotel reservation, fewer people eating out and fewer jobs needed to set up the event. this is the second year in a row that the auto show was canceled. the event would have happened in august. elected officials initially cheered the return of the auto show being announced in june with tickets available at prepandemic levels. organizer which is the greater new york automobile dealers association said in a statement, quote, over the past few weeks and especially within the past few days circumstances have changed making it more difficult to create an event at the high standard that we and our clients
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expect. now, neil, the auto industry will be able to pass the cancellation of the auto show. in fact i've been in touch with jeep this morning. it was one of automakers to be an exhibitor at the auto show. they're working on alternative plans to unveil their latest hybrid model. here is the cfo from general motors speaking about the cancellation just yesterday. watch this. >> it is ungot gnat. i think it is the environment we're in. you know, everybody is concerned about safety. no fault for erring on the side of safety for sure but it is disappointing. reporter: now, neil the question really becomes whether this is going to be one-off with a large event having been canceled with the rise of the delta variant or whether the beginning of a series of cancellations we could possibly see across the country, something we're watching out for. neil. neil: thank you, lydia. to my buddy charles payne, "making money," host of a rockin' 2:00 p.m. show. charles, as i'm going to you,
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wells fargo, blackrock, among latest we're pushing back return to office thing in therapy case at least until october. apple, google, facebook a host of others announce similar in-person delays. what do you think of all of this? >> you know some of these companies can kind of do it naturally, googles of the world, high-tech names. big money center banks you talked about just like lydia's report some of that is now out of their hands with the mandates and the needing proof to go inside of a restaurant. all of this stuff really makes it tough. it is already, there are already several hurdles getting people back into the office after they haven't worked for a year-and-a-half, maybe longer. you know, they have gotten accustomed to being at home. they're very reluctant to go into the city. now there are new hurdles to go into the city but the one thing we've seen from all these businesses they have been able to make it. some say productivity has gone up. i find that is hard to believe
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it is sustainable. the proof is in the pudding. we've done pretty good once we got adjusted we did what we had to do, we buckled down but i do think these delays are certainly worrisome in the sense we want to get to a point of normally. we want to get to sort of a glide path where we're not looking over our shoulders, we're not too concerned and we can get back to a building and growth phase in this country. neil: charles, one thing i've learned, you and i have known each other for quite a long time now, psychology plays such a big part in investing. i wonder, if we keep hearing delays and announcements like that, kids wearing masks in school, mask requirements, across disparate parts of the country, vaccination proof, all of that, that that it weighs on people. they think maybe, we're hunkering down just as we're opening up. that is not good.
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and it puts fear in people. >> right. neil: i wonder if it extends to what they want to do, whether they want to go on trips especially hearing the nightmare of travel these days? whether it gives them pause, it feeds on itself? >> it gives people pause but i think we were down so long that people have gone on trips. that people are traveling. i think you're going to see business travel pick up. what it does with the stock market. it hasn't derailed the market this delta variant. it has us moving mostly sideways but whenever there is bad news whether on the individual company or with the economy itself, i think it will exaggerate the move to the downside. in other words, a lot of folks are spying the exit, they're hanging tough. to your point the woes and anxieties mounting. when something goes wrong you see the knee-jerk moves. the vix index days up 30%. so those kind of days can happen particularly in august. neil: what is your thought on
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some democrats on capitol hill using some of this concern about the virus and companies, you know, telegraphing issues with customers who might be balking, you know, at paying higher prices as justification for more spending, this 3 1/2 trillion dollar human infrastructure plan? it is actually supported on the belief here the economy is hiccupping, we need to keep the spending going? >> yeah. president biden has been in sort of a quandary if you will. most of the time he steps up to the microphone he brags about how great his administration, the start it has gotten off to. obviously politically ignoring we were in something of a v-shaped recovery. be that as it may, on one hand he is bragging about all may amazing things achieved but still enough anxiety and fear in us to justify 3 1/2 trillion dollars. that is one hell of a balancing act. the difference is the covid, the
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delta variant. as much as the white house is pushing for everyone to get vaccinated the fact it is spreading as fast as it is, keeps the element, that element of emergency. the element hey, we have to spend a lot more money than we normally would. some people should overlook the anxieties about our debt, things like that, because the moment is now to strike. it is amazing delicate balancing act that the president is trying to push through. obviously he is trying to convince two more people in the entire country that it is worth doing. one of course, senator joe manchin and sinema. we'll see. meantime though, i do believe just like this eviction moratorium there will be some powerful forces who will try to get that, those federal unemployment benefits extended. i know there is some data out there shows, when you take them away some people will go back to looking for work. not all of them but i think if the delta variant is still at the top of the headlines come next month, you're going to see
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a massive push on capitol hill to extend them probably until next year. neil: yeah. i think it is just going to keep going and going and going. charles payne, thank you very, very much. look forward to seeing you about hour and 45 minutes. meantime here we're getting confirmation, sad news we want to pass along, richard trumka, the leader of afl-cio has passed away. apparently he had a heart attack. we're not getting many more details than that. chuck schumer just announcing it on the floor of the united states senate, fighting back tears as he did so. the 72-year-old trumka was a frequent guest not only on this show but on lots of shows, talking about the need for unions to be heard and union worker to rebound. he led an effort that helped the get the union vote out for joe biden. a man who said repeatedly you cannot lift all ties until you recognize the american worker is part of that tide.
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he led that movement in the darkest days of the union movement and some of the brighter days that had rep 10ization spiking across the country. richard trumka dead at 72. we'll have more after this. my retirement plan with voya keeps me moving forward. they guide me with achievable steps that give me confidence. this is my granddaughter...she's cute like her grandpa. voya doesn't just help me get to retirement... ...they're with me all the way through it. voya. be confident to and through retirement. [engine revs] ricky bobby, today the road is your classroom. [engine revs] now let's go borrow a boat and make some bad decisions. [engine revs] time to go incognito. [zippers fasten] [engine revs] i love you, ricky!
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neil: all right, a labor movement icon is dead. richard trumka dying at age 72. we're told he died of a heart attack. some officials at the afl-cio had got word of this late wednesday night, early this morning but be that as it may only occurs couple weeks after president biden had appointed his son, richard trumka, jr., to be an attorney focused on consumer policy in the administration and to help, you know, trigger employment opportunities for all union types across the country. trumka was a very, very big supporter of president biden and was able to galvanize the union vote in a very close race, particularly in some battleground states and the often thanked trumka for bringing out the man and women power, largely labor movement power on the president's behalf. again, we don't know much more
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but accolades are coming in on the left and right part of the aisle. critics of the afl-cio leader said he was a very strong advocate for his people. never gave up on them. charles payne back with us on this. charles, if you think about for the labor movement, whatever people's views on unions, this is a huge loss. >> it's a monumental loss. and you said it, neil, you just had to admire the man, period. no matter what side of the aisle you were on, your thoughts about unions, just, i don't think they have had a more passionate, determined leader ever, really. it's just you know, of course, you have done many interviews with him. his passion was there. he would hold the democrats feet to the fire. there were times i even saw him sort of you know, go, lurch toward the right on certain issues. neil: right. >> i even kind of wish they had
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gone even there more, just such a passion. he was a warrior for the union cause. you know, listen, there are things, you look at unions for instance, we know the membership had been drifting although last year, 10.8% was the highest number since 2016. that started to turn around for them. certain occupations obviously the unions make so much more, workers make so much more money than non-union workers. construction is one. weekly $1200 versus 830. protective services 1258 bucks a week versus 800 for non-union workers. there were certainly some things that richard trumka could certainly brag about that he used as a way to try to woo other folks into unions. but you know, ultimately this is a huge blow. it's a huge blow for the unions. i think it's a huge blow for the country. again it is not whether you like unions or not, you just want to have a strong voice inside of a
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major political topic and in this case unions and the workers fate. neil: you know, when you think about it too, charles, when he was pushing the candidacy of joe biden without a outright endorsement when still a crowded field, his message was who i do ultimately support it better be a prounion candidate. joe biden went there and then some to say a lot of the jobs that were to be gained, they better be union jobs. he was ahn abashed about it. that is coming from trumka himself, if i'm going to get this manpower galvanized on your behalf, you know, you better return the favor here and be focused on union jobs, not just jobs, union jobs. that was his goal. that extended to the white house >> also extended to policy, particularly when it comes to federal contracting and a lot of these, you know, the solar industry, it will all be quote,
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unquote, good union jobs or no job the at all. so there is no doubt, richard trumka is, you know, he played an important role in the election. president biden understood that. understands that. and he makes it pretty clear. no equivocating there. no one is hiding an agenda. this is right out front for you. this is what we're trying to achieve. i'm more of a free markets person but i absolutely one million% respect where richard trumka was coming from. i admire greatly the amount of passion that he put into his cause. neil: you know you talked to him as well, charles, if you think about it, there was a guy who would come on anywhere and everywhere to express the union cause. i think one thing in his favor as well, he was a very likeable guy. whatever your views on unions, he was funny with a very good sense of humor and it would cool heated exchanges down when he would with a one-liner or zinger, i will forgive you on
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your ignorance there and proceed to rake you over the coals. he could take it, and dish it out which is rare of anyone in power today, corporate or political or otherwise. i think that is one thing we'll look back at. >> i appreciate his plain speak. listen we have so many people come on who are coached up. they know the first five answers no matter what the heck the question is. i'm pulling my hair out. i doesn't know who they coached but they did you a disservice or did the audience a disservice. no one coached richard trumpka. he spoke from the heart. neil: charles, thank you very much. sticking around for your insight. richard trumka the leader of the afl-cio better part of a decade a lawyer by training, driven by passion for the labor movement. he assumed control of the afl-cio while membership was bleeding. he met with president trump, republican presidents, democratic presidents. for a while he was very, very positive to some of the trump
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initiatives to help out manufacturing and some trade deals he said were lopsided. in fact just a few weeks ago he was arguing about the lopsided nature of trade deals that hurt union men and women. that did not extend to supporting president trump but he did like the guy and they were often times meeting, finding common ground on some issues, not all the time, but some of the time which these days is remarkable if it happens anytime. richard trumka gone at 72. one! two! three! four! five! 72,807! 72,808... dollars. yep... everything hurts. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
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as i observe investors balance risk and reward, wii see one element securings. portfolios, time after time. gold. your strategic advantage. ♪. neil: it has gotten to this point, not a matter of if but when. growing pressure for new york governor andrew cuomo to quit rather than face imminent impeachment over harrassment issue involving over a dozen women. bryan llenas has been following the fast-moving developments with the latest. hey, bryan. reporter: we're starting to get a timeline on possible
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impeachment proceedings against governor andrew cuomo. the impeachment committee sent the following to the governor's lawyers, we write to inform you that the committee's investigation is nearing completion the committee will consider articles of impeachment against your client. accordingly we ask you toe provide any additional evidence or written submissions before the committee's work concludes. como's lawyers have until friday the 13th to do that. senate trial will be a month away. senate impeachment probe has been going over for months on multiple different scandals there is enough support to impeachment and convict cuomo according to the fox news count. there is no sign that cuomo is obviously resigning. according to the "new york post" cuomo spent the day inside of the governor's mansion in albany locked up with his closest advisors strategizing what he will say next after a independent investigation found
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he sexually harassed 11 employees. cuomo accuser lindsey boylan is filing a civil lawsuit against him for retaliation. the ag's report revealed two women from the me too organization, time's up, helped cuomo draft a letter that attempted to smear boylan as a liar. her attorney releasing a statement saying in part, it was a calculated effort by the governor and his team to send a message to miss boylan and every other survivor to be quiet or face the consequences. neil, the ag's report found alfonso david, the president of the human rights campaign, a lgbtq helped cuomo to discredit his accusers. staff at hrc calling reportedly on him to resign. neil. neil: bryan, i was thinking of you when you first started covering this story, could you ever imagine it would snowball into now a state constitutional crisis? >> no. but then again i'm always reminded by people who know
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cuomo that he is a bit, as charlie gasparino just told me is a bit of an arrogant guy and the way he came out the first time these accusations came out should have given us tea leaves how he would respond now. he kept saying wait until the facts came out, form late your opinion. the facts came out. he doesn't like what people's opinions of those facts. i'm a bit surprised, well he is digging in his heels. apparently those who knew the governor as long as i have are not as much of a surprised as i am. neil: i'm sure you cleaned up charlie gasparino's language. bryan llenas. thank you. let's go to bernadette hogan, albany reporter. where do is this going, do you think? >> it is kind of wait and see as bryan said. he was think about addressing the public second time yesterday. but he inned up spending time in the mansion in albany.
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it depends whether he chooses to resign or wait out the impeachment process. it could take out several weeks and go through the fall. this is something democrats likely going to proceed with as fast as possible. they have requested evidence from the governor, giving him friday of next week deadline. it just depends if the governor wants to step down before that and before week's long impeachment process again trial in the state senate. neil: you know, bernadette, i notice in the past when everything hits the fan the governor tends to wait it out, wait the heat and heated commentary and you know, i'm thinking with the virus and these accelerating cases in new york and the fact that an inflation, impeachment process could take a little while, that, that could, that could work to his advantage. i'm just wondering if given what is happening in new york now, all these companies now pushing back their return to in-person
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work, he could move to that and focus on that? >> i don't know. maybe. he was a superstar last year with the covid briefings, right? everybody was tuning in but it's a very different picture this year. he is under multiple investigations. of course the attorney general's office just released their massive report on tuesday but he is still under investigation for the alleged coverup of nursing homes deaths throughout the pandemic as well as his $5.1 million book deal and the allegations that he misused state resource toes write that. so regarding the pandemic and what is going on with delta, as well as a potential shuttering again of the economy, et cetera, i'm not sure but as bryan said earlier the governor, it is really not in his nature to step down without a fight because he is very stubborn. he also, he already heard from many unions and supporters. the head of the state democrat
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it party, jay jacobs, the guy the governor appointed, spent 24 hours calling the governor saying please resign, please resign. it is kind of what to the governor is going to do. all the people are saying please resign. i don't know, i'm not sure if what is it going on with covid will be enough for him to stay. neil: i got you. new york has this weird anomaly, impeachment process begins with a governor in close to a century he has to step down during the process. then the lieutenant governor would be the acting governor. so that is a likelihood in scenario where this is building steam, right? >> right. and the lieutenant governor, she is keeping her cards close to her vest. she did can sell an event earlier this week and a source says she was seen on the subway earlier today in new york city. it depends. lieutenant governor would take
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over for the governor. state majority leader, an draigh cousins would become the lieutenant governor in her place. it is very pivotal, the end of this week will be very pivotal for the governor. neil: got it. bernadette, thank you very much. only if the impeachment process begins that the governor would have to step down as that ensues, the lieutenant governor would take over if the governor is outright impeached or resigns, obviously the lieutenant governor takes over, to complete the last year of governor cuomo's term. by all intents and purposes he was looking to run for a fourth term just like his dad did. his dad failed. looks like the same will happen to his son. we'll have more after this. which saved investors over $1.5 billion last year. that's decision tech. only from fidelity.
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neil: i think electric vehicles i think they account for about 7% of all auto sales presently.
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the president wants to push that up to close to 50% by 2030. so little less than nine years from now. is that doable? lauren fix following all of this, automotive sector analyst, a great read of this industry. that is a pretty aggressive timetable, what do you think? >> i think it is, you're asking for something that doesn't exist. all automakers jump on board if they feed the crocodile that it won't eat them but i think they have something else coming. just, stockholm syndrome. so right now we're about 3% in sales of vehicles that are sold. last year we had about 17 million sales even with covid but this year, because of the chip shortage, we'll be lucky if we get 14.5 million vehicles sold, light trucks. used car market is on fire. everyone knows that. when you're looking at electric cars and trying to should have this as consumers, consumers have a few issues. they have range anxiety.
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until you go 3, 400 miles on a charge which is impossible, that is a huge factor. there is no infrastructure for charging. you have to buy a charging station for your home. then on the other side you've got inflation means cars are getting more expensive. they will demand breatholyzers if the infrastructure bill goes through, by the mile tax on top of it, consumers have no money left to buy a new car. who will end up buying them? whoever buys them all the time. typically someone wealthy, makes more than half a million dollars, has no problem a third or fourth car being a tesla or plug-in car. these are factors that need to be considered. typical of government put the cart in front of the hours, afterwards trying to get the toothpaste back in the tube. pardon all the puns. neil: no, no. they're very good puns, lauren, i'm curious the automakers themselves have been leading this clarion call, right? not all of them. as you pointed out for various obvious reasons. volvo wants a complete electric
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lineup within a few years. >> right. neil: ford is talking about going in that direction. i get the cool features, the clean thing, all of that. i get it but i mean, obviously you want to balance it out here. it doesn't have to be all or nothing. >> right. neil: there could be a hybrid middle ground here but they're all-in on all electric. what is that all about? >> well they have to. if they're not in on it they will get tons of government fines. that will come from the epa. there is a couple of things. they want stay away from fossil fuels. the cool cars you talk about, with the beautiful cool headlights, all that is made of, fossil fuels. all the plastic, everything literally we touch and use every day from water bottles and electronics are made of fossil fuels including the manufacture of medications. e wetrngo rid t.oft. i a p o ohe g ten gewew whehehe gl goasoet tle g to to tlectri ermbmbriant sportrt
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toive y y an idea, idea, s ideds o ynr yr s s s c kws kws c iro o tff t hheyalututut hthe htheeroceroro nar poanr r t l year.ear. th e'r ptingti ove o thi c't supup i it per per down our nucucererererlants.nt don't donant c don'tt to to tsealalalga 're reningng out o out o. u neu som cle casee lo pow p the phe e.le co dn't a't f bettetetexamp what happened in texas. for weeks no one had power. they insisted using baseload power in a state that number one export is oil. if you go to the electric batteries, another thing people don't see, we used to be beholden to the middle east. they could pull the strings to make it very difficult for us. under the trump administration. he had the pipeline. we were self-sufficient and we were selling power and fuels to other countries. now we're beholden to china, because they own 95% of all the
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mines of rare earth minerals. it is causing our ship shortage and battery issues. there is no solution for this. you can't push technology. we're working on hydrogen. something called e-gas is really cool. can put it in the existing vehicle, with zero emissions. love all that, and compressed natural gas. if you want to get away there is other ways. trying to force people to buy something they really don't want, based on sales, doesn't do anything good for automakers, doesn't do good for their stocks and doesn't do good for us. neil: that is wild stuff. lauren, i always learning is. you know all your stuff. following that push. we'll get details, from president of the united states meeting with the big three auto execs. elon musk will not being among them. tesla is all electric. charlie gasparino is following another development on the first ev guy on the planet here, at least made it mainstream.
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all about his life around the guy writing about his life. right, charlie? >> if this is a big fad, don't tell walter isaacson. walter isaacson is a reknowned biographer. he did the jobs biography. a great biography of steve jobs. long time journalist. we reported couple weeks ago he was doing a bio on elon musk as one of these transformational figures as jobs was. today they came out and confirmed this was going on. i think people are fascinating people are throwing shade on electric vehicles while this is happening. the shade might be accurate. i don't want to go out to buy an electric vehicle but i have spent time talking to walter isaacson about this. this guy is a smart guy. he thinks there is something there. that evs are not going away. this is the guy that created it. he also got spacex. his space exploration company. this guy is out cutting-edge of
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a lot of stuff that is going to transform the future. we should point out just because evs are not very popular now doesn't mean they will not be more popular in five years. that doesn't mean we're not moving in this direction. and again this biography may be about a fad and then it is one of the greatest fads of all time. you know where the stock is trading. it might also be about the next steve jobs. that is where walter isaacson is going on with this. neil, it's a three-year project from what i understand. a lot can happen in three years. musk is a controversial figure as you know. he agrade to answer all questions from what i understand. this is not like i will answer that, not answer. this some of his controversial stuff, he got into a little battle he hoe he called the pedo guy, save the teenagers in indonesia. was charged with securities fraud when he said there was a teal in the works to take tesla
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private at certain price when there wasn't. he has been controversial. what i understand there is no boundary what is isaacson will adopt. there is issue when you do the three-year projects, if this is a fad the book will be different than it is right now, then you would think it is right now. right now it's a jobs book. three years if it's a fad, it is one of the greatest fads ever. i might still read that book, by the way, neil. back to you. neil: you know what is interesting too, about steve jobs, what he wrote about him, he portrayed him warts and all. he was an abrasive character, not an easy guy to work with. >> oh, yeah. neil: it was a real page turner because it showed you the brilliance of the guy, what he built up against enormous criticism, getting kicked out of his own company. outside ceo's coming in. greeted as a savior when he returned. he tends to do biographies in an
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epic fashion. elon musk might figure there is value talking to the guy even though he might rip him? >> listen the jobs book you can model, that is what this is going to be although remember when he did the jobs book, jobs was firmly established as this great business leader. he created a great product transforming the world. we don't know if tesla will transform the world but i will tell you this walter isaacson will not pull punches. that jobs book was so amazing. it was written, the even the negative stuff was written in a nuanced way it wasn't sensationalized. i admire him as writer. he writes essentializational stuff. this will be a good book either way. neil: the naics page turner would be buying groove if i of one charlie gasparino. >> you know what will be the next book i can't wait to read,
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the rise an fall of andrew cuomo. i make this point, cuomo, is new york version of the kennedys. as you know. neil: absolutely. >> andrew was married to a kennedy. he was divorced from her now. this is an amazing rise and fall and i don't know, almost hard to put into words. by the way, remember one thing about andrew cuomo, he is the mike tyson of politics. neil: yeah. i remember many times they counted him out, many, many times. we live in the moment, sometimes we forget it is only the moment. charlie, thanks very much. great seeing you. we'll see how the book sorts out. charlie gasparino following all the developments. we're at corner of wall and broad, a big run-up despite new concerns about new cases spiking around the country and at least three big corporate players from
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♪. neil: not surprising a lot of landlords are not too keen pushing this moratorium back on evictions and a lot are not all the gigantic conglomerates. we have the national apartment association president ceo. bob, you're trying to fight this right now, suing to block the new moratorium. based on what right now? you're saying only so much your landlords can do, right? >> well this is the 7th time this eviction moratorium has been extended and we're seeing a erosion of nation's rental housing stock especially mom-and-pop ratetores with single family homes. there was a survey done about it national rental home council, 23% of operators in this space, sold one or all of their units because they simply can't afford to operate in this environment. if we lose that 36% of the nation's rental housing stock, we're in desperate trouble.
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neil: a lot of smaller ones, we forget there are a lot of smaller players in your association. they have to pay their bills. they're not able to, right? >> 53% of the nation's housing stock are independent rental owners that own a building one to four units. that is the backbone of the nation's rental housing stock. neil: so part of the plan here was to compensate landlords or some who might be facing these costs. are you at all confident that will come to pass? >> well, first of all there is simply not enough money in the congress authorized. the total rent debt is closer to $73.3 billion, not the $46.5 billion authorized already and unfortunately the system put together is a very deseen trillionized system without -- decentralized system without standards or measures how they can be successful. in virginia, it's a successful
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program, working with the industry, allowing the property owner to apply on behalf of the residents that don't have the ability to apply but in other states, that is not the option. so we have this inconsistency. then also, congress authorized that these dollars go to people making 80% of median income and below. neil: bottom line they have to do something and fast and they're not. we'll have more. >> they're not. they're not
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♪♪ neil: all right, these covid restrictions and new guidelines, mandates, they're all going viral right now, and it has really, curtis sliwa will be joining us shortly on how he wants to stop what the present mayor is doing in new york city, but he's been running into a buzz saw of criticism for his criticism. first to susan li keeping track of all the latest and added requirements. hey, susan. >> yeah, neil, got a latest from amazon announcing that they are delaying their return to the office until january 3rd of next year. 2022. amazon going beyond what other tech giants are doing like apple, microsoft and google who have all delayed their return to the office but only by one month. so they're coming back in october instead of september.
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but a lot of other silicon valley giants and companies have been pushing out their returns, and that includes lyft, airbnb and the like. world's biggest asset manager, blackrock, delaying their return to the office until october, wells fargo doing the same. microsoft, google, facebook and even blackrock among the numerous long-running list of companies between walmart and disney that now require returning workers to get vaccinated before hand. we had moderna's ceo saying their vaccines are still 93% effective six months after the second shot, but the delta variant leads to an increase in breakthrough covid cases even if your fully -- you're fully vaccinated, telling fox business this morning there will be a need for a booster shot this winter. >> in germany, france and the u.k. and israel -- start boosting the -- [inaudible] people who got the vaccine in the first wave will get the
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booster starting september -- [inaudible] >> getting back to the markets, let's quickly check in on the meme of all memes according to one analyst and, yes, that's the phenomenon of robinhood's stock this week after doubling in just three days. hood is now falling on the news that $3.5 billion worth of stock will be sold, so that's 97 million shares, and this comes from early investments, those shares can only be sold for a maximum price of $35. options trading has also started with over 320,000 of these contracts being cleared yesterday, and guess what? it's still the number one talked-about stock on the wall street bets page and on twitch, and you know the instruments of choice for these retail traders, neil, those options contracts. that's why we're seeing this volatility and distortions. neil: yeah. and then some. thank you, susan, very much.
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susan li. talking about these restrictions going into place, perhaps no more sweepingly so than in new york city. pretty soon you're going to have to prove that you've been vaccinated or at least testing negative when you go indoors any restaurant, any place, and there's the mask thing, and then there's curtis i have ya who's -- i have ya, who's running for mayor who is saying enough already with this and planning to blast mayor de blasio in this plan and that it's doing more harm than good. mr. sliwa joins us right now. curtis, very good to have you. >> neil, this is crazy. could you imagine that mayor de blasio is following in the footsteps of macron in france and the italian government? how has that worked out over there? we're taking a lead from the french and the italians in which this new policy, this crackdown, these mandates have paralyzed their countries? and just yesterday after the
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announcement by de blasio -- by the way, because he can't deal with the shots that really count in new york city, all of the shots being fired at people and tourists, the lead poisoning you get, not the vaccine ises. the international auto show decided it was going to cancel its dates in the jacob javits convention center which would have sent a signal to everyone we're back. there's not enough cars, as you reported, both used cars and new cars. this would have stimulated a lot of tourism and a lot of travel, and now the vendors are not coming, the tourists are not coming. and as your report mentioned, amazon putting off opening up its offices until january, others pushing back until october. this will be economically devastating to the city, but it's par for the course for de blasio who has taken a miley cyrus wrecking ball to the city that we love and destroyed it in so many ways; economically in terms of crime, quality of life. and i guess he wants more people
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to continue the exodus out of here and maybe even tell them, hey, don't let the door hit you behind. neil: curtis, you're the first person to compare the new york mayor to miley cyrus, so touche there. let me ask you about what you would do if you got elected mayor and these spikes are continuing or even increasing, what would you do? >> well, number one, you are going to follow the science. but i'm not going to allow the constituents of new york city to get vertigo because fauci says one thing, the cdc says another thing and then all of a sudden i'm saying a completely different thing. you've got to get everybody onboard, everybody focused in what is the best interest of everybody. finish but you cannot disrupt people's right of choice and freedom. look at how many people in new york city because of prevailing conditions cannot get vaccinated even if they wanted to. it would be a death sentence to
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them. people whose religions won't permit that, people who don't trust the vaccine especially in minority communities because the fda has not given its signed, sealed and approval to it. neil: [inaudible] [inaudible conversations] neil: would you support businesses that require it? >> look, a private business can make that choice. and then employees can take them to court and challenge that. but i would be discouraging that, because really what they're doing is they're delaying the return of the work force into these glass-encased, steel tower buildings that are empty. and, neil, it's something even a little more devious than everything that's been announced so far. de blasio said enforcement would begin of this edict on september 13th. the nypd rightfully said don't expect us to enforce it. who's going to enforce to it? and if you notice, it's at the time that my three sons and
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everyone else in the public school system finally were promise toed that there would be in-classroom training. and already we've seen randi weingarten with the national teachers union say, well, maybe not. the uft, which represents the teachers in new york city vacillating. i have a feeling this may prevent our children from going back to school. even president joe biden sternly pointed his finger at the camera and said we pumped millions of dollars into your public schools throughout america, you've got to get the kids back in the classroom. and i think there's a lot of vacillating here. and de blasio once again is leading an effort that is going to take us backwards instead of forwards. neil: do you ever get angry, and you mentioned some stipulations for those who personally are leery of vaccines period, others who just aren't sure about the ones that are out there, that they are ruining it for everybody else because they're
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so dead set is against it? if do you think it -- as mayor, if you were mayor, would you push people to get vaccinated? >> of course. i've been vaccinated, and i promote people getting vaccinated. if you look at the sort of bipartisan effort, trump has said get vaccinated, biden has said get vaccinated. there are for view out there who are not encouraging vaccination. we are encouraging people by giving them $100. i'm sure we could raise the ante, i'm sure -- neil: would you do that, curtis? would you raise the ante? some like vanguard, the big mutual fund group, is paying its workers $1,000. what would you do? >> absolutely. the more people that get vaccinated, the quicker we can return to normalcy and get back to where we were before the lockdown and the pandemic. but again, people have to make choices in america. this is america. this is not a totalitarian
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dictatorship. and we keep moving in this direction. you know, these mayors and governors, and thank god our governor cuomo who actually abused the executive orders the most has been renderedded impotent by the problems that he has created for himself as to whether he can continue on or not. but bill de blasio is starting to sign all these executive orders, again, plump with power. and i say where is the evidence? 70% of us are already vaccinated in new york city. the most vulnerable group, those who are 65 plus, 77 are vaccinated. young people are not at that level. blacks and hispanics are not at that level. conservatives are not at that level. so do we stop everything because everyone is not at the herd immunity level? we're getting there very quickly. but we're destroying our economy. and, what, are we going to keep pumping stimulus dollars, keep spending money for those who are not working or getting
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unemployment? this is, this is just crushing new york city, which was the city that never slept, 24/7, the economic engine of the world, the epicenter of capitalism. and think about it, neil, if you were a socialist or you believed in some of the socialist principles, this is putting us on the road to socialism where it's total government control from the cradle to the grave in which you have no choice. i want people to have the opportunity to make free choices with their own life. neil: you mentioned governor cuomo, and he's resisted calls to resign. i know yesterday you had delivered a resignation demand to his new york city office. have you heard back from anyone at his office? >> well, i not only asked that andrew cuomo resign now, and more so for the speech he gave afterwards when attorney general tish james announced all the evidence against him in which he claimed cultural immunity, that
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it was in his dna because he's italian-american. he saw this in his father mario -- liar. he saw this in his mother matilda -- liar. i've coupled with this chris cuomo and said, chris, now is the time you need to speak out to defend the honor of your father, who is no longer with us, and your mother, thankfully, matilda who's alive and living at 89. he's blamed his groping on being taught by the italian-american culture, his dna? in the streets of brooklyn where i was raised, we call that -- [speaking italian] neil: you're quite right about that, i think what he's trying to say is people mistake his actions for being a touchy-feely person. certainly, these 11 women who have charged him with harassment and much worse disagree, this is quite different. but i am curious about where you
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see this going. i mean, let's say he keeps fighting this. you become mayor, he could still technically be governor. you have to work with the governor whether it's going to be governor cuomo or the lieutenant governor. how's that going to go? >> well, my adversary, eric adams, the democratic candidate -- and he hasn't been coronated yet -- has been an enabler of andrew cuomo and his many ways not just in terms of perversions and in terms of being a groper, but his threats, his intimidation. that's his style -- neil: he has recommended the governor step down, and i know just like you -- >> right. right. finally. but he and also cuomo have advocated stripping qualified immunity from police anew york state. -- across new york state. how ironic that andrew cuomo will now get socked with millions of dollars of civil
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lawsuits, rightfully so, and we are going to have to defend him with our tax dollars. he will not have to spend a nickel, dime or penny that he made from that book. we are going to be held responsible for all the costs because the governor has qualified immunity, and yet he's the leader of the pack to strip it from police who could now be personally sued as a result of actions that they take on our behalf. how hypocritical is that of these officials to allow him to have his qualified immunity while strips it away from men and women who put on a bulletproof vest and go out each and every day to defend us and put their lives on the line? neil: curtis, this was the same case when you and i last chatted close to a month ago, that crime is the number one issue for new yorkers, the number one issue for republican voters, number one issue for democratic voters. you have been very critical of the approach eric adams would have to this even though he has
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been saying that he is not one of those interested in defunding the police and as a 20-year police veteran, he has a better sense of how to deal with crime than you do. what do you say to that? >> absolutely not because he's advocated that there be no arrests or prosecution of low-level crimes, the very policy that rudy giuliani -- credited with saving this city from the abyss when he inherited a city that had 2,000 murders a year, 5,000 unsolved shootings after mayor david dinkins who, by the way, eric adams has role modeled himself after. i role model myself after rudy giuliani because he had zero tolerance. in fact, eric adams, former police officer, doesn't want somebody arrested when they're resisting arrest which many of these individuals do in new yore new york city where they threaten the police, they curse the police, they chase the police. they wouldn't be arrested. imagine, eric adams doesn't want
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you, neil cavuto, or anyone to pay a fare to ride a subway or bus in new york city. how are we going to subsidize the multibillion dollar bill that is required to pay for the maintenance and the continued operation of our subways and buses which is the veins and arteries of the city? you can't belaw and order when you -- be law and order when you come up with such a ridiculous idea where there are no turnstiles and there is no checks and balances. neil: you know, republican mayors in the past -- michael bloomberg, of course, switched parties to run as one and served a good long time, but more often than not, it's an overwhelmingly democratic place. we do remember a former mayor, george pataki, who defeated a democratic lion, mario cuomo, this governor's father. so it does happen now and then. but the odds are against you.
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so people hearing the odds, curtis, hearing you now, how do you tell them that you can buck those odds? because the math doesn't look great. >> well, it's clearly there's no doubt about it you're talking about david versus goliath in a political sense. but, neil, as the republican nominee, i'm also running on an independent party line. that's what guaranteed bloomberg victory for three terms. he didn't win it with republican votes alone. he had to have an independents party line. i've already secured that. and most importantly, more than any oh republican -- as much as i supported bloomberg, as much as i supported rudy and they did a great job, we didn't have these problems in 20 years of republican leadership -- i can go into neighborhoods because of my background of 42 years leading the guardian angels in which the only republican they've ever seen or been exposed to is abraham lincoln on a $5 billion and be received and respected because i have what
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you can't buy in politics, street cred. and those are the neighborhoods that democrats always took for granted where there are projects, tenements, the poor, the impoverished. i ride the subways, i walk the streets every day. i haven't changed as a candidate. eric adams is too busy up in the suites celebrating his victory in the primary getting wined, dined and pocket-lined. don't go to sleep on curtis sliwa. that's for sure, neil cavuto. neil: curtis, great talking to you again, the republican candidate for mayor of new york city. always been seen as the second toughest job in the nation, second only to the president of the united states, a although some days new york city even tougher than that. by the way, we did reach out to eric adams of the new york democratic opponent for mr. sliwa. we have yet to hear back. hope springs eternal. everyone welcome, fair and
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♪ neil: all right, you just heard from the republican nominee for mayor of new york city, that if he had his druthers and got in office, the mandates would stop, the restrictions would stop, the asking if you've been vaccinated or not would stop because curtis sliwa says all of those are intrusions on your personal liberty and it would take a real convince ising argument from scientists to tell him otherwise. james trusty, what do you think of that and the legality of what he's saying, of what what the present new york city mayor is doing is illegal, can't be enforced and he wouldn't even go there? >> yeah. well, i mean, look, the sentiment is great. i understand the frustration. curtis is a little shy, but he kind of brought out his thoughts -- [laughter] about this whole situation eventually. look, there's a couple of things. the constitution, basically, sets up a scenario where the
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federal government has very limited authority, the police power which includes public safety is the thing that's entrusted to the states and the localities. so it's not something where you're immediately talking about unconstitutional behavior. there's a big practical impediment too which is going to court and seeking a preliminary injunction to shut down this type of vaccine passport program is institutionally upheld because the courts give deference to the executive branch. and when you're asking for something extraordinary, they put a lot of procedural hurdles in front of you. kristi noem saw that with the fireworks issue and the election, preliminary injunctions as well. so these are difficult for the plaintiffs. now, all that said, it doesn't mean that a vaccine passport is either morally correct or scientifically justifiable. but it does mean that litigation is uphill to try to shut that down. i think one thing, neil, that you have to look at when they actually roll out this program instead of just doing the trial
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balloon he did yesterday or last week is, you know, is it tailored, is it including every type of business? are there exceptions for, you know, for legitimate religious protest to it, are are there health-related carveouts, those are the types of things that will be upheld by a court more quickly than some sort of blanket authoritarian rule. so we'll have to see what the program actually looks like, but i don't think it's inhadn'tly weak. inherently weak. you know, something that's not a good idea but is going to be difficult to overturn in court. neil: you know, you're quite right to say there's nothing really subtle on curtis sliwa's approach, but the one thing that was quasi-subtle is this idea that he's going to challenge these types of actions based on the notion that, you know, restaurant owners, store owners have enough to do without playing police to check that you've been vaccinated. and on that ground alone and not exclusively, he's saying, you know, that big brotherrism stops
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with me and the governor's -- the mayor's, city hall a office. what did you think think of that? >> well, yeah. he's right whether it's curtis or someone else. political change is the easiest way to stop that, political accountability for bad policies is the type of stuff that can create a new office holder and create a new policy. so, sure is, if he came in or if eric adams came in and wanted to change it, they could absolutely do that. that's within theiring prerogative. but it's not going to be as simple as just running to court and thinking you have an automatic success here. it's going to be something where, unfortunately in this case maybe, we entrust a lot to our politicians to do what's right for public safety, and the case law over the years including the supreme court over about 120 years ago has allowed state mandatory vaccinations, so less ebb steps are trouble -- exceptions are probably going to be okay. neil: curtis also talked about the embattled governor, that he should resign rather than go
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through the impeachment process, but that impeachment process seems to be moving full steam ahead. i don't know how quickly actions like that can get going, i mean, it would amount to a trial back and forth, his accusers, his own response. do you think it's a slam dunk that the governor could be impeached, or could this be much more of a challenge than people are giving it credit? >> well, i think we may have hit kind of a critical mass. i think his reaction, the italian defense as well as the blame the victim defense didn't exactly sell well. so i think there may be kind of a political critical mass where he's absolutely going to be impeached, and in this case this impeachment there seems to be solid supporting evidence. but i would never bet on albany, you know? laugh i don't know that cuomo's going to go quietly, i don't know that the people that now are so outraged that have been mostly quiet are kind of putting their finger to the wind to see how the politics are blowing, i
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don't know that i trust them to carry through in the long run, but we'll see in the next couple of weeks. neil: all right. james, thank you very, very much, james trusty weighing in on political and other matters, restrictions, mandates, he can cover it all. by the way, we're getting some news out of spirit airlines that it is planning to cancel up to half of all thursday's flights as a lot of these tech outages and staffing shortages continue. no word yet on when they think things could be back to normal, but for those thousands of passengers, many of whom are stranded at airports spread across the country, no news is even more bad news. we'll have more after this. isn't just about time, you know. it means experience. i mean, put it this way. if i told you i'd been jarring raspberry preserves for 85 years, what would you think? (humming) well, at first you'd be like, "that has gotta be some scrumptious jam!" (humming) and then you'd think, "he looks fantastic!
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♪ neil: all right, the president 90 minutes away or so about announcing his plan, and it's a bold one, to let the whole world go electric and something that has the u.s. lead that route by recommending up to half of all
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vehicles sold by 2030 will be electric, which is about i think ten times the level we are at now. luke lloyd, strategic wealth partners, investment strategist. luke, first off, is that even doable? >> hey, neil. yeah, i think it's definitely doable in regards to pollution electric vehicle ises, but in the big scheme of things, i think it's about the innovation factor for these companies. these companies are continuing to innovate, but what i'm really worried about is the semiconductor shortage. i'm sure you've heard, everyone's talking about the semiconductor shortage, i think that's going to impact innovation for these companies which might push that back, but i still think it's very achievable by 2030. neil: one of the things tangential to this, and i had a congressman on yesterday pushing this, a $2 billion package to increase chip manufacturing in the united states. the details are a little sketchy, but this would foster that, so the argument goes. but, you know, there is still
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the bump of cost the these vehicle ises, that they're not, you know, cheap. and whether you're getting allowances for them or credits for them or not -- and increasingly they're going away -- that's going to to be a tough sell, isn't it? >> oh, absolutely. but it's -- what's ironic right now is that the government's trying to take control, the semiconductor issue pumping money into these areas, the government's the one that caused the issues in the first place over the half year and a half, they restricted the free markets from working efficiently. but the thing is when the governments get involved, especially with the different infrastructure spending and the stimulus packages, they're pumping all this money into the economy which is causing this extreme gland. and with demand -- demand. and with supply shortages whether it be vehicles or anything in the world right now because of all the -- we're seeing limited supply, we see prices rise a ton, right? so i think demand is going to fall over the next couple of years because prices are going to rise so much, and people aren't going to be able to
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afford these vehicles or other things around the world. neil: luke, i apologize for the truncated nature of this with all this breaking news. do want to switch to griff jenkins following the back to school push right now that might be in doubt. forget the masking and all the other stuff, it could actually be pushed back, couldn't it? >> reporter: well, we'll see. good afternoon, neil. education secretary miguel cardona was just here moments ago in the briefing room at the white house doubling down on the administration's effort to reopen schools for 50 million american students and to do so safely. that includes masking up. during his remarks, neil, he took a shot at the states and governors looking to ban school a mask mandates. listen. >> -- that decisions that are being made that are not putting students at the center and student health and safety at the center is going to be why schools may be disrupted. so we know what to do, you know? don't be the reason why schools
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are disrupted, because of the politicization of this effort to reopen schoolings. we know what works. we have to keep our students safe and our educators safe. >> reporter: this after the president earlier in the week took a similar shot at governors like florida's ron desantis saying if they aren't willing to do the right thing, they should, quote, get out of the way. that ignited a war of words with desantis who's firing back. >> if you're coming after the rights of parents in florida, i'm standing in your way. i'm not going to let you get away with it. [applause] why don't you do your job, why don't you get this border secure, and until you do that, i don't want to hear a blip about covid from you. >> reporter: desantis has been standing in the white house's way ever since the cdc reversed that masking guidance, and that led jen psaki, press secretary, to ignite the fight on twitter tweeting this, saying: 23% of new covid hospitalizations in the u.s. are in florida, and their hospitals are being overwhelmed again. we are doing everything we can to help the people of florida,
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and they're stepping up by getting vaccinated. we hope governor desantis joins us in this fight. and earlier today we should point out, neil, the white house covid response director saying that seven states including florida and texas account for about half of the new cases in and hospitalizations this week. neil? neil: griff, thank you for that. to dr. tom price right now, former health and human services secretary, former georgia congressman, doctor by training, so he checks off all the boxes, i always enjoy having you on, doctor. you know, wells fargo and blackrock are the latest investment banks to push in-person return to work to at least october, amazon until at least january of next week. what do you make of all these developments? >> well, i think it's important to actually look and see where the real challenges are. if we're smart about all of this, we'd recognize that if you're immuno-compromised, it's important you're very cautious,
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if you're in an area where there's significant increase in disease, we may need to be much more cautious. but, by and large, as long as your area's not having significant increase in disease and you're vaccinated -- that's key, people have to get vaccinated -- then we ought to be able to move forward, and it's important that we do. otherwise, what's the end point? when does it stop? because there's always going to be, there's going to be another new variant at some point in the future, and folks are going to be concerned about that as well they should be. but that doesn't mean that our life stops. neil: so when you hear from the unvaccinated that they're waiting, some might be waiting for fda approval, let's say we get that, doctor. how will that move the needle? how many more people who held off getting vaccinated do you think would get vaccinated with approval from the fda? >> well, i think certainly some, and hopefullyst it's a significant number. -- hopefully, it's a significant number.
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even if they're not trusting the fda, if you look at the literally billions of doses of vaccine, the mrna vaccines whether it's pfizer or moderna, that have been delivered around the world and so you can look at the complication rate from that, and the complication rate is significantly lower than the risk of getting the disease itself. so you ought to be able to make your own decision, wise decision, about getting vaccinated. just like we do every single year when we have the flu vaccine come around because the flu changes annually, and and so you need to get a different kind of vaccine every year. it's those kinds of decisions that individuals ought to be making. in addition, i believe, if we can make certain that we can get the vaccines to the individual practicing physicians' offices so that people can ask their physician, their trusted doctor whether or not they ought to go ahead and get that and then get it from that trusted individual, he or she can counsel them in a way that it's difficult for you to counsel them or me to counsel them or anybody else for that
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matter. neil: doctor, secretary, thank you. tom pryce, former health and human services secretary of the united states. by the way, when it comes to those who have not been vaccinated, 93 million americans fall into that category, a category that dr. anthony fauci has said is a significant pool of increasingly vulnerable people. we'll have more after this. this is sam with usaa. do you see the tow truck? yes, thank you, that was fast. sgt. houston never expected this to happen. or that her grandpa's dog tags would be left behind. but that one call got her a tow and rental... ...paid her claim... ...and we even pulled a few strings. making it easy to make things right: that's what we're made for. usaa. what you're made of, we're made for. get a quote today. (vo) singing, or speaking.
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♪♪ ♪♪ ♪ neil: you know, we've been so focused on the dow and the s&p racing along, the nasdaq is in record territory right now, up about 100 points by the likes of google up about $14, tesla up more than $3.50, ibm chose to a dollar here. again, the wind at the back of these guys, steady as she goes economy, very low interest rates as well. it's a one-two punch that has buyers punching more buy orders. we'll have more after this. there♪
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♪ neil: all right, the travel delays continue pretty much across the country, tens of thousands of travelers hit by worker shortages, technical glitches, mother nature, you name it, all combining the make traveling, if you can travel at all, miserable. grady trimble following it all from o'hare international airport. grady, what's the latest there? >> reporter: well, neil, this comes as travel, air travel anyway, has hit a pandemic-era high over the weekend. but then if you look at the numbers over the past couple of days, about 1.8 million went through tsa checkpoints across the country yesterday,s but keep in mind that's midweek, and it's still a heck of a lot more people than were flying last year. so travelers don't seem too deterred by the delta a variant and those cancellation ares you were mentioning by spirit and american airlines, they seem to be just a blip. i did talk to the president of the flight attendants union though, and she tells me that everyone who flies for their livelihood, the flight
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attendants, they are starting to worry again. >> look, we're starting to see with the delta variant is we're starting to hear from flight attendants saying, whoa, is this going to be another dip, is this going to be another shutdown, is this going to be another hit to travel a as opposed to a continued process to build it back. so while we're not even all the way built back yet, we're concerned. >> reporter: and for spirit airlines in particular, the troubles continue for the fifth day in a row. more than 400 flights have been canceled today alone, that's half of all spirit airlines flights, and that brings the total over the last several days to more than 1700 canceled flights, a lot of frustrated people here at o'hare and airports around the country because of that. the airline blaming a combination of weather, a computer system outage and the staffing challenges that have been plaguing several airlines as leisure travel has ticked
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back up again, neil. neil: grady, thank you, i think. grady trimble following a all of that. we've been telling you a little bit throughout the hour about the number of companies that are pushing back their in-person return to work. wells fargo and blackrock among them pushing back to october now, october 1. of course, we've seen a lot of the tech giants including apple, facebook, google, a host of others that are pushing things back by varying degrees up to a month in some cases. then there's amazon, talking about january 3rd, 2022, before it even considers getting workers back. dan geltrude with on all this. what i found interesting, folks enjoy so much this virtual or hybrid nature that they would seriously look at a pay cut, even getting rid of their 401(k) to make it permanent. what do you think of that? >> well, that's a very strong message, neil, from these
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workers in saying, hey, we don't want to come back into the office environment. at least many of them not on a full-time basis. and why would that be? well, look at the time saved in terms of not having to commute. on top of that, the costs related to commuting. and then, of course, there is also childcare issues. so are people able the save that? and then you have the flexibility of when you get up or what hours you work. so i think the message is very, very strong here, and i think employers are going to have to listen if people willing to take a pay cut not to go back into the office. well, you better listen. neil: yeah. they probably have to make good on that threat, right? we'll see what happens. you know, in your industry in particular, i'm talking about the financial industry, their
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message seems to be, maybe it's old school, we need everybody back, and we've been hearing it from the likes of goldman and morgan stanley, jpmorgan chase all saying pretty much to a firm get your hineys back. staying at home thing is over. what do you make of that approach? >> i've said from the beginning particularly how hard jamie dimon has come out in saying everyone has to come back to work, full-time basis, the way it was prior to the pandemic. i don't think that's going to work based upon, you know, this survey information of people wanting to stay home a that's one thing. but the other thing is this: you're going to have other firms that are going to say, you know what? we're not going to buck the system. it may be the tail wagging the dog. however, we are all competing for talent. and if one of the things that we have to do is allow people to
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work remotely, then that's what it's going to take to get the human capital that we need to be able to operate our businesses. neil: you know, how do you think this whole reopening that now has been staggeredded by some hunkering down, how is it going? i mean, obviously if you look at stocks, they're looking at the half-full glass and eventually will reopen, some bumps along the way, but what if their hunch is wrong? what if this turns out to be more of a thing that we're giving, than we're giving it credit? >> you know, i think particularly in financial services that many companies have really been able to figure this whole puzzle out related to what covid-19 has dealt, meaning people can't come to work, what do we do. well, they relied on technology and figured out a way around it. so i don't necessarily believe, at least in certain industries,
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that this is going to be a huge blip if we start to move towards lockdowns to some extent and certainly for masks. but i'll tell you something interesting, neil, i think you can appreciate this, two weeks ago i was trying to get a reservation at an italian restaurant. they wouldn't take my reservation. of course, i wouldn't take no for an answer. ultimately, i got the reservation. i go to the restaurant, it's half empty. why? because they can't get the people to serve and to cook. neil: wow. >> so it is real out there in that there's a worker shortage that has to be dealt with. neil: you know, if you're ever in that kind of position again, dan, just mention gasparino's name -- [laughter] he's gotten right into the olive garden. he has those connections. [laughter] all right. thank you, my friend. you should not have to suffer that type of indignity. dan geltrude. i mean, he's a rock star.
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neil: all right amid all these restrictions and mandates we're getting word right now the administration is considering requiring vaccine for foreign travelers coming into this country. we don't know how exactly that will be passed along, how that will be proven at various airports, customs across the country but that key requirement to open up foreign travel, you better show proof you've been vaccinated. we shall see. charles payne right now. charles: sound as little xenophobic to me, [laughter]. thanks a lot. neil: a little black and white. charles: i had to get that in there. good afternoon, everyone. i'm charles payne. this is "making money". stocks are reacting better to earnings why so many of them lurch into free fall after great results? we'll talk about that. wall street becoming more bullish as goldman sachs joins the s&p 4700 club. maybe so-so initial jobless claims ahead of t


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