Skip to main content

tv   Cavuto Live  FOX News  July 10, 2021 7:00am-9:00am PDT

7:00 am
i want to thank brian brandenberg. i played the most business in my life with brian brandenberg, he took steroids but i love them. he won fair and square. >> thank you guys. >> have a great saturday. neil: this is cavuto live. we are waiting for oppressor in florida, an update on the ongoing recovery efforts. they are no longer rescue efforts, 79 are known dead, 61 cannot be accounted for. we are also hearing there is a bit of a battle in surfside over
7:01 am
what to do with the land the condo was on. there are a number of developers interested in it and others say nothing should be built on it. officials might update us on all that at a time when the whole state of florida is reassessing building ordinances and rules, safety, engineering and not just those 40 years or older. some present day. we will explore that here and pass that along to you when they take to the microphone. welcome. i am neil cavuto. good to have you here. we are following other development including the fight over this variant it has gripped much of the world even though we seem immune from the more dangerous aspects of it, they have various restrictions in places like malaysia, south
7:02 am
korea, their won't be any fans in the stands. that tell nervous much of the world is about not only this very and but several others developing and some proving more resistant to the vaccines that are out there and it has started some squabbling by vaccine makers like the cdc and fda. there's a lot going on. david spent in washington has more. >> reporter: scientists concerned about the delta variant especially in the united states, specifically in states where they see low vaccination rate, that is where the problem. they are continuing to monitor. also looking at the next variant which was the lamp the varying, not too prevalent in the united states but something they are looking at no question. we mentioned the olympics just
7:03 am
less than two weeks away, the 2020 olympics will take place in july of 2021, ending in august. the international olympic committee announced there will be no spectators out of concern for the delta variant and other covid related issues. >> the world is understandably worried about the delta virus variant but studies show as i showed you on the previous four or five that the vaccines indeed are effective against it. >> doctor fauci says the vaccines are effective but pfizer is looking to add a third shot into the mix, a booster the company says will protect people even more. the company is developing a variant shot the targets the delta variant and other variants. pfizer will seek emergency is authorization with the fda but it is confusing because the cdc, fda and others say we don't need a booster at this time, scientists of gone on the record to say if you received pfizer, moderna or johnson & johnson you will be protected for a while.
7:04 am
a joint statement related to this pfizer news, people who are fully vaccinated are protected from severe disease and death including from the variance currently circulating in the country like delta. people who are not vaccinated remain at risk, all hospitalizations and deaths for those who are unvaccinated. they updated guidance for schools, the new mission is to get people in the classroom, students in the classroom. anybody vaccinated over the age of 12 would not be required to wear a mask, students under the age of 12, there are no vaccines that are safe for kids under the age of 12 but the cdc pushing full steam ahead with getting students back in the classroom in august and september depending on where you go to school. >> they will have a double the timekeeping masks on, adding another wrinkle to this in the fall. we will be going to this fight
7:05 am
over whether you need another booster shot but i want to take you to surfside, florida where they are getting an update on the oncoming recovery efforts of 79 debt and 61 missing. let's go to miami-dade. >> the inclement weather as long as it is safe. the team has recovered additional victims since the last report and the total number of confirmed deaths is 86. please pray for all those who have lost loved ones and whose hearts are broken from this unspeakable charity -- tragedy and those were still waiting. we have made more identifications. police and medical examiner working around the clock to do everything possible to identify victims and very quickly notify next of kin.
7:06 am
62 victims are identified, 61 next of kin notifications have been made. we are continuing the work on the audit of the list to get as accurate account as we can for those unaccounted for and at this time by cross-referencing names of the us postal service, the building roster and more, 211 people are accounted for. 43 people are potentially unaccounted for. it is important to know we can only account for a missing person who is deceased once the identification is made. as the efforts continue the numbers will continue to change. the family assistance center provides a multitude of services to all the families, they have
7:07 am
served 186 unique families. >> you are listening to the mayor of miami, the sadness is the death count goes up. they are expecting this, up to 86 known dead, 43 unaccounted for. unaccounted does not mean they are dead. the mayor was pointing out they just cannot be placed. normally the possibility they are deceased but the mayor is not saying that. 86 known dead, 43 still unaccounted for. if anything else comes out of the press conference we will out that. alerting you to what is going on with the virus a big issue abroad particularly his adult of variance, you heard about the
7:08 am
lambda variant and whether the existing activations can deal with it. there's a split deal on it. some of them still overwhelmingly affected, not as effective with the delta variant so it does confuse people. thank you for coming in on a saturday. what do you make of where this variant stands? how dangerous is it? >> it is dangerous in those locales where the vaccination rates are low in those locales would be 30 states in the union which do not have vaccination rates we have overall. these would be alabama, mississippi, wyoming, tennessee, north dakota, louisiana, oklahoma. those are areas where the delta is holding present in all 50 states but if you are not vaccinated you run the risk of getting the delta variant and dying and that is tough stuff. neil: the cdc guidelines, kids returning to school, everyone has been vaccinated, don't have to wear masks but for those 12
7:09 am
and under they are not eligible for vaccination so they would have to wear a mask and that is the population that would probably have a lot of trouble keeping the mask on. is it necessary for those 12 and under to wear a mask? >> based on rates of infection we are seeing in schools, even if you get the virus they can transmit the virus to adults were those people over the age of 12. however it is not likely children below the age of 12 will get very sick. what i worry about are the teachers, the janitors, the ancillary, the secretaries etc. who do run the risk of getting infected by the delta variant if they are not vaccinated. everyone should be vaccinated. to your point the pharmaceutical
7:10 am
companies, children under 12. they change the dosage to give these children the vaccine. >> with the government forced the issue with the southern plurality, don't want the vaccine. it stands to be a risk or not igniting cases that are seen abroad to force the issue. >> i don't think we can mandate stuff like that probably across the country. if you have a school and you are trying to control the infection you can mandate things. if you have a company in a strict corporate policy you can mandate things but these are emergency use authorization is not totally fda approved yet. i hear that all-time from my
7:11 am
patients. the hesitancy is great, they say this is an experiment. it's really not an experiment. these vaccines have been approved, studied extensively and we are just waiting for the fda to give final approval and i don't understand why final approval has not been given for the 3 major vaccines. neil: be healthy and well this weekend. doctor bob fujita on that. making it mandatory, how about strongly urging you? in wisconsin the former republican governor joining with the former democratic governor to urge those in that state and elsewhere to get vaccinated. take a look. >> what's up, jim? i am ready to be done with this pandemic. >> couldn't agree with you more. >> that is what i thought. is another thought. but still commercial reminding people of wisconsin how important it is to be vaccinated? >> that might be the best idea you have ever had. >> i agree.
7:12 am
>> sorry i am late but looks like everyone agrees it is time to get vaccinated, wisconsin. neil: a friendly way of saying in a bipartisan way go get the vaccine. governor scott walker joins us now at cpac. i thought that's a very effective ad without dropping in and ilhan people's head to remind them the better part of valor is to have the vaccine, no one is ordering it, just a good idea to recommend it. what is your reaction to that? >> incredibly positive. people understand not just the ad but hearing me talk about it that i got it months ago, my brother, my adult children, my mother got it months ago and it was worth it. it is all about persuasion.
7:13 am
it is good that jim doyle, democrat and i coming in that together, not just rural republican leaning areas across the country but also more urban areas particularly african-american neighborhoods. in both cases persuasion is effective in the idea of sending people door-to-door will backfire because both of those groups have legitimate concerns about the government in general. let's get out and make the case not just with ads like this put work with religious leaders across the country to get them on board to encourage people that attend their churches and other faith-based organizations to get the word out. persuasion is the key, it is up to get vaccinated. neil: trying to get the word out, something the biden administration hinted at but they then had to dialback criticism that health and human services secretary becerra all but mandating it or ordering it, keeping a database on it.
7:14 am
what do you think of those efforts? efforts of the administration has since denied and what do you make of that? >> maxime passports going door-to-door not only philosophically do i have a problem with that as someone who is on board, haven't gotten the shots, i don't think government should play a rule. more than just philosophically, practically i think it would backfire. many of the groups currently the most suspect about this the last thing you want to do is have the government mandating it, sending government workers to your home. instead they need to hear i believe from other people, church leaders, people who work with others out there who have gotten the shot and not have side effects. that is the key going forward. neil: good seeing you again. the former governor of a beautiful state of wisconsin. we are getting word from the g 20 summit in venice, italy that germany is behind tax reform deal that could be had by
7:15 am
october. remember janet yellen leading a global tax group that wants to bring it to 50% the argument being companies can't hide from the taxman no matter where they go. we will have much more on this and also much more on the rising spike in energy prices that knows no bounds and maybe won't anytime soon after this. when a hailstorm hit, he needed his insurance to get it done right, right away. usaa. what you're made of, we're made for. usaa
7:16 am
(vo) singing, or speaking. usaa. what you're made of, we'rreason,for. or fun. daring, or thoughtful. sensitive, or strong. progress isn't either or progress is everything.
7:17 am
the rule in business used to be, "location, location, location." now it's, "network, network, network." so you need a network that's built right.
7:18 am
verizon business unlimited starts with america's most reliable network. then we add the speed of verizon 5g. we provide security that's made for business. and offer plans as low as 30 dollars per line. come to verizon small business days on fridays in july to get a plan that's built right for your business. neil: we are all back on the road. good to see the great reawakening of america. but it costs us more for the privilege, you probably know that by now. prices are up 40% this year. this year. if you think it will end my buddy phil flynn says don't count on it anytime soon. what do you see that a lot of people don't want to see?
7:19 am
>> less oil production and record-breaking demand. more people took to the road than ever before and that's great news. the problem is us energy industry partially because of concerns about the biden administration is not raising production like they have in the past which is why we see these prices go up. in wisconsin this is one of the few states left that are paying under $3 a gallon but 11 states where we are on the verge of playing $3 a gallon. 11 states are joining probably later this week. what we are seeing is a popular area. not only do we have a major trucking lane on i 43, very popular vacation area so people around the state coming to different places.
7:20 am
i have neil gill here, the owner of the station. what i was hearing is you are not hearing people get upset about $3 a gallon. is that right? basically what they are saying, we haven't had a lot of fullback yet but $3 a gallon in wisconsin, that is probably going to change. already above $3 a gallon. over here people have to take the tops off their cars to afford gas, just taking the roofs off right now. the interesting thing is right now people are happy to get out but the problem is these prices continue to rise him you are going to see it show up across the board, not only in your own pocketbook but when you go to the grocery store, prices for everything are starting to go up and the biden administration has to do something to get opec to
7:21 am
raise production and if they don't. neil: your audio is breaking up at an interesting irony the administration finds itself urging opec to increase production at a time when he is restricting it in the united states of america. more on that in the oil spike when the show continues and an update from surfside. folks come from all over the country to help out in this recovery effort. we will talk to one who came from indianapolis. he is coming up as well. you are watching cavuto live. stay with us. ♪ ♪ and they're always glad you came ♪ welcome back, america. it sure is good to see you.
7:22 am
this isn't just freight. welcome back, america. these aren't just shipments. they're promises. big promises. small promises. cuddly shaped promises. each with a time and a place they've been promised to be. and the people of old dominion never turn away a promise. or over promise. or make an empty promise. we keep them. a promise is everything to old dominion, because it means everything to you.
7:23 am
[ "me and you" by barry louis polisar ] ♪ me and you just singing on the train ♪ ♪ me and you listening to the rain ♪ ♪ me and you we are the same ♪
7:24 am
♪ me and you have all the fame we need ♪ ♪ indeed, you and me are we ♪ ♪ me and you singing in the park ♪ ♪ me and you, we're waiting for the dark ♪
7:25 am
neil: you don't see this every day, the dow, the nasdaq in the s&p 500 all scoring their highest closing ever on the same day. one average or two, all were closing at record highs, all the fears of variance at all of that and what is happening with spending plans in washington. wall street climbs walls of worry but there's a lot of worry and it is still climbing. how much further to do? market analyst david benson and the cio, daniel martinez, former said advisor. looking at the strength of these markets, what they had to overcome. when everyone was getting panicked about a possible slowdown, bond prices soaring, yields dropping and all of a sudden we've gotten ahead of ourselves, maybe not. where are you on this?
7:26 am
>> it seems like this market no matter what the news is, wants to keep driving itself up. jerome powell maybe we should thank him for pointing out the blatantly obvious about our economy in saying we are having some problems related to material supplies and a labor shortage and that is what is holding you back this economic recovery. of course. the fed is behind the times. what we really need to focus on is the fed keeps saying this inflationary spike is temporary and they plan to keep interest rates low and as long as the markets continue to hear that message we will continue to see this rise as we are. todd: i don't want to rain on that parade and i understand the
7:27 am
confidence is justified but if you think about it there's nothing short-lived about what is happening to gas prices. we just heard from phil flynn who is also a camera man, filling up the tank, what did you think of this argument on the transitory side of things, when in fact not happening with energy prices? >> energy prices have to be interpreted separately from the price level because of the weakness of the opec cartel and the supply demand characteristics. what is offensive to me as we're talking about opec being the supplier to push more supply out and get prices lower. we have a state called texas that can do it and oklahoma can do it. this abandonment of us energy independence bothers me. the overall inflationary
7:28 am
pressures do not exist and that is what the 10 year bond deal is telling you. oil prices have gone higher because of supply related but this idea that politicians and the fed can create inflation at will is what they want to think. ultimately they are hurting growth longer-term. the bond market is telling us that. neil: that is a popular trading instrument, that means for those looking to grab them or refinance the home they are already in, i will ask you as a former dallas fed advisor how long that is, do you think these low interest rates continue now as some seem to think through the end of the year into next year? the same crowd was surprised when they spiked and the fed hinted of hiking rates sooner rather later so things can change. >> things can change, 3 weeks from today we've got a debt
7:29 am
limit showdown no one is talking about, that was very total to us for markets, bond yields fall much further, a decade ago in 2011. the individual in the house of representatives said conservatives need to take a stand and show that the debt limit, the debt ceiling as of july 30 first is an opportunity to show republicans willing to cut costs and cut spending and on the other side of the aisle in the trillion dollar direction, there's something to be said this summer where bond yields continue to slow especially if you add the fact that we don't have a refilling of the labor pool until after labor day and a lot of small businesses are suffering because
7:30 am
wage inflation which the debt has no control over wage inflation is proving to be much less, i will throw one number out, 61% of small businesses are closed, that is how burdensome wage inflation is, a huge problem for jay powell. neil: the global corporate tax push to crack down on not just technology but financial giants and some say that could impose this market. a couple other things we are keeping an ion had the g 20 conference where they put the official stamp on global corporate tax, worldwide
7:31 am
business tax of 50% and update on what is happening in surfside, the ongoing recovery efforts and the sad news of the death count of 86. it has drawn a crowd from around the world, meet a chief from indianapolis who said he had no choice but to go and to help and to try coming up. va plus. unlike ordinary memory supplements, neuriva plus fuels six key indicators of brain performance. more brain performance? yes, please! neuriva. think bigger.
7:32 am
7:33 am
7:34 am
7:35 am
p change the recovery efforts in surfside, florida, the latest from charles watson who has been there forever. >> the recovery mission at the site of the condo collapse is moving with greater urgency overnight, more bodies were pulled from under the heavy concrete and metal, the death toll at 86, 43 people unaccounted for as first responders provide closure to the families. these crews continue to brave the humans. they had to briefly stop recovery efforts this morning because of lightning strikes but they are back on site and making progress through millions of pounds of debris and have gotten underground in some areas. this morning we saw a flatbed pooling this mangled car from the collapse cited that reminds
7:36 am
you how extremely tough this tragedy is on everyone including those who made it out of the tower before the collapse and lost everything. officials say they are distributing millions of dollars in donations to help the victims many of whom are very appreciative or as one young man who lived in the condo building tells me it is difficult mentally to recover from this traumatic situation. >> every time my brother closes his eyes he sees the visuals of the collapse, not being able to breathe. it is hard for every single one of the family to do that. they see it everywhere. >> reporter: this cat you see on your screen lived on the ninth floor and had been missing for days. on friday volunteer recognized
7:37 am
him wandering around the collapse site and took him to the nearby shelter, he was positively identified and reunited with his family. you can imagine the cat's family is extremely grateful. that may be the perfect example of how miracles can happen no matter how big or small. neil: thank you very much. this whole collapse as charles has been saying, has attracted rescue workers from around the country including the fellow who saw what was going on, got to help, got to do something. the battalion chief acted at the rescue center and was kind enough to join us. good to have you. what has it been like for you and your men and women? >> it is a very large task force
7:38 am
to come in and work at the building collapsed sites day in and day out, removing the rubble to hopefully free victims and obviously we are doing some recoveries and that gives us, hopefully gives those families a little bit of closure. >> when it switched from a rescue to a recovery mission even though it looked inevitable, how was it to comprehend that and for guys to switch over to that? >> it is a tough day because we don't like to give up hope that we are going to find somebody and we still haven't. it is a different process. when we switch to recovery we are focused on making sure everybody stays as safe as possible and we continue to do our job as diligently as we can.
7:39 am
with that in the back of our minds, we need to make sure we don't get injured ourselves or won't be able to bring closure to this site. neil: a lot of this work seem to speed up after the demolition, the one part of the building that had not collapsed. that seemed to dramatically speed things up. is the site any safer for your men and women now that we are in this recovery phase because it looks pretty risky. >> it is very dangerous. the unevenness of the power -- the pile, sharp objects. everything you can imagine, household labels, make it difficult to traverse but it did help immensely for us because with that building looming, such uncertain condition it is a huge
7:40 am
safety concern. we had to make the footprints on top of the building that collapsed previously, a lot smaller, to make sure rescue workers were working in an area where if the building did collapse it would not collapsed on them. removing the building basically allowed us to get to those parts of the building that had fallen initially much better, much safer and so we were able to perform better once that was down, safer site to work on if you can have a safer site at one of these types of collapses. neil: people cling to the possibly of a miracle, someone being found alive in the rubble. how likely in your mind is that? >> as days go by it becomes tougher. when you see the building -- we always hold out hope. that is what we do it, why we do what we do, have that one shot
7:41 am
at finding somebody that was able to get to a safe place, we don't give up hope. we work each day, do our job to the best of our ability in these conditions and hope for a good outcome. that is what we do. neil: thank you very much. you stayed in indianapolis and chose not to. all over the world. thank you very much for that. after this.
7:42 am
this is the greatest idea you'll ever hear. okay, it's an app that compares hundreds of travel sites for hotels and cars and vacation rentals like kayak does for flights. so it's kayak. yeah, like kayak. why don't you just call it kayak. i'm calling it... canoe. compare hundreds of travel sites for thousands of trips. kayak. search one and done. (announcer) if you've struggled to lose weight, you might think compare hundreds of travel sites for thousands of trips. you were born with a slow metabolism, but what you may have is insulin resistance. fat becomes trapped inside your body and it becomes very difficult to lose weight. now there's release from golo. it naturally helps reverse insulin resistance, stops sugar cravings, and releases stubborn fat, all while controlling stress and emotional eating. at last, a diet pill that actually works. go to golo.com to get yours. that's g-o-l-o.com.
7:43 am
7:44 am
they said it couldn't be done but you managed to pack a record 1.1 trillion transistors into this chip whoo! yeah! oh, hi i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you you don't have to be circuit design engineer to help push progress forward can i hold the chip? become an agent of innovation with invesco qqq to alert you to big developments in austin, texas where we will hear from governor greg abbott about where things stand with the building of that wall and places in texas where it is a
7:45 am
controversial measure that has not only drawn reports of low governors sending more to help out in the process but reports the president of the united states is looking to the pentagon to bring troops to help out with the process, not the building of the wall but to deal with the way, the wave of migrants and migrant miners that have made this a record-setting year at the border. chad wolf is acting dhs secretary who joins us now. the governor will outline how to utilize those troops from all over the country the governors are sending to the border but we haven't gotten word from the biden administration that what he's doing is legal. i suspect they are not for what he is doing since so much of the land is federal land. where is this going? >> what governor abbott is doing
7:46 am
is protecting communities in texas to be sure there is proper physical infrastructure to keep illegal border crossers out of texas. what the biden administration has to do is work with the governor instead of being an adversary to him. once the federal government and governors like the state of texas, state of arizona work together they can solve this problem but if the federal government chooses not to enforce border security laws and build the physical infrastructure border patrol needs and governors are forced to do this on their own. neil: i tried to keep the politics out of the left or right but you hear from the biden administration and this is being sensationalized, things are not as dire as media reports, namely fox, reported, seem to be the only one reporting what is going on but i
7:47 am
see the numbers of 3 day. i get stats from all these border patrol and other officials and they are what they are, they are records, down from where we were a few weeks ago but not by much, year over year, up significantly, close to 45%. that being the case can the administration be taken seriously if it says it is looking for a serious solution if it doesn't see the problem? >> the administration has a credibility problem in a talk about the border and their efforts along there. we see numbers at historic crisis and even though it may not be in the news every day and other networks are not covering it they are breaking the system at the border, not enough infrastructure, not enough facilities, not enough people to process the individuals coming across the border illegally every day and every month, the numbers in june will be higher than the numbers in may so you continue to see historic
7:48 am
numbers, not just about migrants coming across the border but cartels, smugglers and the criminal activity that comes with that. we need to get serious. it is a real issue along the border but a real issue for all american cities seeing illegal narcotics and migrants spread throughout the country. this is a national security issue, border security is national security. i can't emphasize enough this administration is not taking it seriously enough and they need to continue to put americans first as they look policy to solve this problem. neil: thank you for that, showing these outdoor facilities that have been constructed to deal with wave after wave of migrants who flooded the border, those aren't made of images, those are real numbers, that is
7:49 am
a real crisis no matter your politics or party affiliation. in the meantime billionaires in space. by next week at this time two of the world's which is men can argue that they got up there. guess who is going to get up there first, the guy on the left. only 6% of us retail businesses have a black owner. that needs to change. so, i did something. i created a black business accelerator at amazon. and now we have a program that's dedicated to making tomorrow a better day for black businesses. ♪ ♪ i am tiffany. and this is just the beginning. ♪ ♪
7:50 am
emergency planning for kids. we can't predict when an emergency will happen.
7:51 am
so that's why it's important to make a plan with your parents. here are a few tips to stay safe. know how to get in touch with your family. write down phone numbers for your parents, siblings and neighbors. pick a place to meet your family if you are not together and can't go home. remind your parents to pack an emergency supply kit. making a plan might feel like homework, but it will help you and your family stay safe during an emergency.
7:52 am
>> 3, 2, one, release release release. neil: that is the way richard branson planes to get into space although briefly. will he be technically in space? most people say he will.
7:53 am
he will be there and he will beat jeff bezos if things go as planned when he launches from new mexico. mike massimino, last week, talking about how a guy like you feels about people paying big bucks to get on a jet rocket and away they go, you practice years but leaving that aside, what do you think of this particular mission and how it might differ from bezos? >> thanks for the great introduction. you are great italian-american as well. thanks for having me. it differs in a few ways. bezos is going up or traditionally, going up in a
7:54 am
rocketship, getting out of the atmosphere. he will get above 100 kilometers, the international standard of where space begins and he will come back down similar to what alan shepard did, the name of the spacecraft is new shepard, the same profile alan shepard went through as the first american in space. neil: the corpsman line i've heard billionaires arguing over, technically 62 miles up and in branson's case might be just below it. bezos is arguing we will be above it. we will be more in space than branson. >> it will be higher. on hubble we were 100 miles higher than the space station but astronauts on the space station are considered to be in space as we were at hubble.
7:55 am
the common line is 52 miles or so, 80 some kilometers. the european standard, they use the metric system, they round it up to america, in america we rounded down to 50 so the 162 miles european standard, the american standard is 50 but they are launching from america. we use american standards on this one and yes, i think you can get yourself above 50 miles you are in space. either way, one is a little higher than the other but they are both in space. neil: it really doesn't matter, they are both nifty, branson is a little cooler but you are the expert, i am not. we do know there's been demand for what these guys want to do which is commercialize space so everyone can do this.
7:56 am
for branson there are 600 flight reservations, 250 grand a pot. we bring that down as interest has shown, a lot of money for the privilege. >> it certainly is. we talked about this before where i was a career astronaut working for the government. we didn't get paid a lot of money but we didn't have to pay for the experience and were going for different reasons. in this case it is starting more like a tourism experience, may be some research will be involved but it is quite expensive, 250,$000 for that flight, the only way it will work long-term and i think they realize this is the price will be coming down and that makes sense, things start off and you go for people who can afford it because it will be more expensive as they build up and become more efficient, the price has to come down to the point where it is an expensive vacation in order for it to be successful long-term but i think they realize that and that is
7:57 am
what is going to happen. neil: it is too costly for my taste. columbia engineering, these people put down a check and the way they go. >> a different experience than we had. neil: i got it. >> no hard feelings. i'm excited for them. ...
7:58 am
7:59 am
8:00 am
>> 11 a.m. on the east coast of the united states and a couple of big developments we're following for you right now and waiting to hear from texas governor abbott, who is going to be meeting with sheriffs from border communities, that's coming up later this hour. and we're also in milan and in florence, italy, there are separate g20 events held, among them a push for a higher corporate tax. in fact, we've never seen anything like this, this would
8:01 am
be the first ever global corporate tax that would start at 15%. i say start because there's a push right now to bring it higher. not everyone is going along for this. there were many like ireland who says they want no part of it. ireland has gotten a lot of corporations, i should say to house themselves there because the tax rates are so low. the bottom line, is janet yellin says there's enough support they're going to put this on the table to prove it in october and then the board to implement it. it's easier said than done, but we're monitoring those developments. this has been a crazy week. the economy and markets and records notwithstanding. crime is front and center, some of the worst and most numbing statistics we've seen throughout this whole crime wave, but this caught americans, really, in a way that very few videos have. a broad daylight looting going on at a nieman marcus, a nieman marcus in a very nice section
8:02 am
of san francisco, reminding anybody who needed reminding that crime is rampant and in areas you wouldn't think it would be. rampant to the point now where a lot of state officials, in fact, officials all over the country, don't know what to do about it. let's go to christina coleman in los angeles with more. hey, christina. >> hey, neil, yeah, this is a big problem and scary. stealing tens of thousands of merchandise from the bay area in broad daylight and that's what authorities are dealing with now there, amid a surge in organized retail crime. san francisco police are looking for the group of thieves caught on video, sprinting, dashing out of that nominee marcus store with the stolen merchandise and they hopped in a getaway vehicle and got away. they're going store to store to store and stealing specific goods because they know they sell online. target is reducing its hours in six stores in san francisco
8:03 am
because of the continuous theft. now walgreens, too, deciding to close some of its stores there, 17 stores in san francisco and this comes after authorities arrested a man who slowly rode a bicycle through a store in san francisco and that man is now facing charges connected to at least seven shoplifting incidents since may. >> so it's not he was stealing a loaf of bread or a gallon of milk because he was hungry. i don't know how much high shadow he needed, but he took a shelf full and walked out of the store-- or rode out of the store with it. >> shootings and homicides and shootings are around the country. they're up 45% in atlanta compared to this time last year and shootings are up in new york city and 38%. many crime experts and former officers say this spike in crime is happening in part for
8:04 am
a variety of reasons including the defund the police movement, droves of officers retiring early and city leaders who have a soft on crime approach. neil. neil: yeah, well, it's amazing about the walgreens guy is that people in the store were recording everything he was doing on their smartphones, including the security guy. >> yeah. neil: it's just like everyone is throwing up their arms, amazing. >> you would think that he would be concerned about getting arrested or something, but he's slowly, you know, taking his bike like he's on the santa monica pier. it's crazy. neil: you're not kidding. he was not at all awed by any of that nor did he slow down or speed up. he kept going on his normal pace. i think he said excuse me when i got out. amazing. >> at least a little plight. neil: right, all right. thank you very very much. other big developments following days away, maybe weeks away. a formal exit that will be
8:05 am
completed by august 31st after you will the remaining troops in afghanistan after 20 years. for greg palkot it's a return back to, well, yesteryear because he was there in the beginning. take a look. >> afghanistan's taliban government has been overwhelmed by the sheer numbers of this human crisis. international community forced to step in and feed tens of thousands of hungry adults and children. the leading provider of food by far, the united states of america. neil: and he's not aged one bit. greg palkot back with us 20 years later in kabul, afghanistan. you know, greg, what's interesting here is the frustration that many have that we're going to cede the country over to the taliban and makes them wonder about what the 20 years, whether they were worth it. how is that playing out in afghanistan right now? >> it's not playing out well at
8:06 am
all, neil. and yes, nothing really changes after 20 years. it's quite depressing. there's more reports of taliban gains across the country, but there are also some reports today, new ones about a bit of a fight-back, militants are making claims, they claimed they had 85% of the country in their control. that's been basically thrown away, but they certainly have about a third of the country and another third is being contested. overall, the afghan military sadly has been rolling over, but there are unconfirmed reports a bit of a clawback, there were clashes in the south, air strikes in the west and the government is claiming taliban deaths and out in kabul, some people aren't taking chances. take a look. >> you're looking at people who are struggling to get out of afghanistan. the taliban is making its move. all across the country. they are worried about what's going to happen in this country
8:07 am
so they are right here and they're trying to get their passports. >> everyday boom blasts and everything is bombarding and everything taliban. >> everywhere. >> do people want to get out of afghanistan now? >> yes. >> why? >> the situation right now, it's hard to live here. >> it is hard to live here. yeah, neil, once again, from some of these folks we heard complaints about the u.s. troop departure or the manner of the troop departure, it's ironic and we have to underscore this, too, after 20 years of blood and treasure, sacrificed by the united states, that these feelings are out there right now. very, very sad. back to you. neil: you know, greg, the argument to counter the one that this is all a waste, i mean, doesn't really address the fact that our presence there might have prevented follow-up attacks on the united states after 9/11. but you do wonder whether a
8:08 am
more entrenched taliban renews that and now will have the state from which to do that? >> that's what we've been fearing. talking to some experts today. they don't think that the taliban is too close to the islamic state, but they do think that they're still close to al-qaeda so, yeah, that's a danger. 20 years a waste, well, also, that same expert told us today there's something like nine million girls, women, who went to school in the last 20 years, who wouldn't have if the taliban was there. that alone is quite an achievement, neil. neil: it is. you know, i'm curious, too, a lot of people worry about russia trying to reassert its influence in the region, greg, but you know, the taliban and the russians have a somewhat fractious relationship. that might not be a gimme. in fact, the russians might be very concerned about the taliban, maybe more than we are, right?
8:09 am
>> you're right, neil. i think russia is nervous. they have, as your viewers, i'm sure, know, a very good history here. iran, they're looking in, too, but they have a bit of an on-off relationship with the taliban. the one country that you've got to watch out for, guess what? china. china's looking very closely. it wants to protect its own security arrangements, its own construction projects here and they might be the ones to try their hand with afghanistan. that could be interesting. neil: an incredible 20 years, my friend. great reporting throughout. greg palkot in kabul for these closing days of u.s. occupation in that country. when we come back, the pentagon spokesman, i tried to get an idea of the stress level in the white house with the constant insurgent moves by the taliban. i'm not sure i got any answers after this. (judith) in this market, you'll find fisher investments is different than other money managers.
8:10 am
(other money manager) different how? don't you just ride the wave? (judith) no - we actively manage client portfolios based on our forward-looking views of the market. (other money manager) but you still sell investments that generate high commissions, right? (judith) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money? only when your clients make more money? (judith) yep, we do better when our clients do better. at fisher investments we're clearly different.
8:11 am
8:12 am
hi, verizon launched the first 5g network, and now we want to be the first to give everyone the joy of 5g by giving every customer a new 5g phone, on us, aha! old customers. new customers. families. businesses. in-laws. law firms. every customer. new 5g phones when you trade in your old ones. and if you're not a customer, we'll help cover the cost to switch. just ask wanda. she's been with us since... (gasps)... now. upgrade your phone. upgrade your network. this isn't just freight. these aren't just shipments. they're promises. promises of all shapes and sizes. each with a time and a place they've been promised to be. a promise is everything to old dominion, because it means everything to you.
8:13 am
>> we said for a long time, a military solution is not going to be in the best interest of the afghan people, or, quite frankly, the region. we're still pushing and believe in the security situation i think augers for and argues for a peaceful negotiated solution here. neil: the taliban doesn't seem to want a peaceful negotiation and they might have been in talks before and keeping things relatively calm before because their troops were there. do you think all this have is happening because they're not and pretty soon none of them will be there. >> we certainly don't want to see a full on taliban military solution here to the future of afghanistan. that's not in anybody's interest. our focus is completing the drawdown that we began in april under the president's order and making sure as we do that, we transition through a new relationship with afghan forces and the afghan people that helps them continue to try to defend their country and defend
8:14 am
their territory. neil: it's pretty clear right now that they can't. that might change, to your point. but if the country is overrun by the taliban, what will that say about our 20 years there? a waste? >> i don't think we want to get into speculating and hypotheticals here about what may or may not happen. neil: well, a lot of top military leaders are afraid that will happen that the taliban will take control of afghanistan and who else comes in to fill the void, anyone's guess. to lt. colonel mcginnis, served with the military. and who does fill that void? >> obviously china, as greg indicated in your earlier interview, has shown an interest. their foreign minister was talking to the pakistanis about the china-pakistani quarter and the belt and road initiative
8:15 am
and i think it's poised to do precisely that. now, iran had taliban two days ago, mosque had taliban there yesterday. the entire region is seized with what's going to happen. is it going to be stable? is the taliban going to allow the islamic state to come in and, you know, kind of rule things? unlikely. is there going to be a civil war? i know president biden indicates civil war is possible, but that does not necessarily mean that the taliban wins. so, it is a turbulent, to say the least, situation that we have at hand and i think it's going to get worse before it gets better. neil: you know, the very fact that so many afghan soldiers have fled, many of them, and i'm wondering, colonel, what you make of their readiness here. it appears wanting to me as i'm
8:16 am
just sort of an amateur observer here. >> strategically there are indicators and i think the thousands that fled is an indicator. the shift of the taliban to the northern part of that country is another indicator. the abandonment of key equipment and munitions by the afghan army is another indicator. now, i don't think this is going to be saigon, 1975 all over again, however, i think that the president has a good understanding, there's going to be a splitting of the baby to a certain degree. the people in kabul don't want to lose power, don't want to lose their grip on the country, although 46% arguably is now controlled by the taliban. but once again, china, pakistan, moscow, tehran, they all have a vested interest in keeping this tamped down and not allowing it to exacerbate
8:17 am
in a way that draws more fire. you know, given that, the tactical situation, the strategic situation, i don't see that the peace talks in doha are going to do any good. i throw that out right now. however, the real players, once again, are the taliban, the kabul government, what's left of it, and of course, the regional leadership, primarily, quite frankly, pakistan and china, and if they come into bear, then i think we can find some way in which we can maintain some stability. >> you know, colonel, and i was raising with my our greg palkot in kabul. say what you will of our 20 years in afghanistan, the argument for whether that was worthwhile can be the fact that we've not been attacked again on soil and that was in large part because of our crackdown in afghanistan. and now that we're leaving, we're more vulnerable. do you buy that that we're more vulnerable now because the
8:18 am
taliban or whatever group emerges, has a sort of a beachhead here, that they didn't have 20 years ago? >> well, depends, once again, what pakistan does. keep in mind, in the western territories, the pakistanis were, you know, harboring not only al-qaeda which we found out, you know, but a variety of other insurgent groups that are, you know, players in the afghan war. by pulling out though, does this mean we're going to exacerbate some of these radicals to go into the stands or into the west? i don't think so. that doesn't mean that, you know, we're not back 20 years ago and we're looking at, you know, the potential of some sort of carcinogen growing up inside of al-qaeda-like organization or islamic state that's going to be able to launch operations. once again, it depends what the chinese and pakistanis do.
8:19 am
i believe they have a vested interested in keeping things tampered down. it's a wild card. we'll have to wait and see what transpires here. neil: bob mcginnis, thank you very, very much and thank you for your service to this country, my friend. we'll see what happens on that front, but we're also waiting for right now is an update out of surfside, florida because the recovery efforts, there are a bunch of legal challenges right now and a push across the sunshine state to come up with a standard for building codes that go beyond those already among the strictest in the country according to governor desantis who says we shouldn't be implementing big changes until we understand completely what happened at surfside. after this. ♪ ♪i've got the brains you've got the looks♪ ♪let's make lots of money♪
8:20 am
♪you've got the brawn♪ ♪i've got the brains♪ ♪let's make lots of♪ ♪uh uh uh♪ ♪oohhh there's a lot of opportunities♪ with allstate, drivers who switched saved over $700. saving is easy when you're in good hands. allstate click or call to switch today.
8:21 am
♪♪ - water?! - hey you! catch! mio. thank you! water tastes like, well...water. so we fixed it. mio.
8:22 am
♪ watch the olympic games on xfinity ♪ ♪ root for team usa and feel the energy ♪ ♪ 7000 plus hours of the olympics on display ♪ ♪ with xfinity you get every hour of every day ♪ ♪ different sports on different screens, ♪ ♪ you can watch it anywhere ♪ ♪ and with the voice remote ♪ ♪ you never have to leave your chair ♪ show me team usa. ♪ all of this innovation could lead to some inspiration ♪ ♪ and you might be the next one to represent our nation ♪ ♪ this summer on your tv, tablet, or any screen ♪ ♪ xfinity is here to inspire your biggest dreams ♪
8:23 am
>> my hope is that that north tower, the same level of defects are not found, but obviously, you've got to be safe when you're dealing with stuff like this. neil: you know, all of this comes at a time when florida has been booming. it's unequivocally one of the most successful states in the country and i'm wondering, you know, with this incident and certain counties in your state. not all, but miami-dade among them with the 40-year certification process. is it your understanding or would you want to see that certification statewide in all counties for all buildings after certain age, maybe all buildings period? >> well, i think we need to figure out what was the actual cause or causes of this, and then i think once we know that, then we can try to figure out what would make sense from a policy perspective.
8:24 am
obviously, people get involved in, you know, by a unit here, you wanted to have a building collapse, it's like a catastrophic thing, and so it just doesn't happen in the united states, it shouldn't. i will say this though, we have some of the strongest building codes in the country, particularly in southern florida. if you go up and down that stretch, all of this stuff, particularly some. newer stuff, is very, very sturdy. it's meant to withstand a category 5 hurricane. neil: governor desantis with me earlier this week, don't make any conclusions or sweeping laws and changes in building codes and policy until we know exactly what caused that south tower at the surfside to collapse in the first place. joining us the former fema official. tom, do you agree with that, let's first find out what happened here? >> yeah, first of all, neil, it's a pleasure to be here. absolutely, i think that governor desantis is taking the right approach. let's find out exactly what
8:25 am
happened, but i think we also have to be willing to accept the results of those investigations and it's clearly going to be that we're going to have to take many of the condo associations and their buildings, which were built prior to 2000, and essentially rebuild them. that's going to take enormous amounts of courage from the politicians, it's going to take the inspectors making sure that they go to every building and make sure it's okay and then of course, we're going to have the ventures to pay for it. many associations are not in a financial position to pay for the repairs the state is going to ask them to do. neil: you raise a good point on this. in the case of this tower that collapsed, that the condo association there, at least the condo president has since resigned, and not even a year back, that there were serious problems that had to be addressed and they would be
8:26 am
costly, very, very costly and a one-time assessment of about 50 and a half million dollars spread among those residents, some up to, 100,000, others up to $250,000. obviously, you know, condo owners are going to wince at that. it never happened, but how do you force that issue? >> you have to do it because it's public safety. you have to phrase the conversation in the narrative, with regards to public safety. it's not a matter of a majority deciding whether a building will get the necessary repairs to keep everyone who occupies the building safely. you cannot do that. you must have a situation where everyone is bought in and everyone agrees that these repairs will be made. we saw enormous changes, positive changes after hurricane andrew with the residential codes. i think you're going to have the same here with the building codes, but we've got to make
8:27 am
sure that they get done. an event happening again like this to this type of community is just unacceptable. we have to do better and i think we will. neil: you know, the focus has been on older buildings, 40 years or more, but a lot of the more stringent codes went into effect as you said after hurricane andrew and a couple of others to the point the governor was telling me they're not only up to code, most in florida, most buildings, he seems to be saying, are way beyond that code. so celebrating which building is and isn't, when they all have to be brought up to code or should have been, belies the problem here. >> correct, you have to have one standard of inspector and potentially this is the army corps of engineers that we're talking about and make sure that these condo associations are not overregulated from a building inspection perspective, but the realities are if they're on the water,
8:28 am
they are in communities that essentially have been built with the ocean in front of them and the inter-continental waterway in another in back of them, and as you can see. and we've got to make sure that these buildings are on safe ground for everyone and neil, we also may have to put some structural inspection technology in these buildings so that if a building does in the middle of the night start to crumble, as if this did apparently, there's an alarm that goes off to evacuate the building. i think we still have to go to that point to make sure in the event of a catastrophic failure, people still have enough time to get out and get to safety. it's so sad what's happened and my prayers and thoughts are with the whole community of surfside. neil: amen to that. thomas, thank you very much. >> always a pleasure, my friend, you take care.
8:29 am
neil: you, too. and the reality people can't come to grips with it, changes are afoot and how costly could they be. in the eyes of those that don't think are necessary. and are they enough for those who think they're necessary. following developments going down and i mean literally down in charlesville, virginia, they removed two confederate statues that were up for debate and the cause of a riot, robert e. lee and jackson are both no more. they're going into storage after this. new projects means new project managers. you need to hire. i need indeed.
8:30 am
indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.
8:31 am
8:32 am
8:33 am
>> all right. there's a big conference going on, a global one. the g20 meeting happening in venice, italy. these are a standard list of the most successful companies on earth and our treasury secretary janet yellin, trying to hit up for a global tax, 15%. she seems to be getting more support than was earlier the case. most of members of the g20 are for it the devil is in the details here, but she's talking multilateral cooperation and a host of other issues, including a global warming and find cooperation on other tax deals and tax cheats. she's saying that the g20
8:34 am
ministers as well are looking at speeding up vaccine roll outs in poor countries where the vaccination rates very, very low and to a spike in cases. we're monitoring that and seem to be moving along nicely so much so on the corporate tax that the german minister who is cynical about the efforts, it doesn't mean it would be implemented then, but we're watching how the president plans to beyond after talking to vladimir putin yesterday to all the ransomware attacks we know are coming out of russia. president putin says he doesn't control everything that comes in and out of russia. the buy doesn't necessarily buy all that and is expecting some actions. what happens if he doesn't see that? let's go to mark in delaware. >> good morning to you. before he left washington for
8:35 am
wilmington, president biden spent about an hour on the phone with russian president vladimir putin and focused on two main issues, what's going on in syria and the humanitarian efforts getting into that country and at ransomware attacks from gangs based in russia. the u.s. wants to pressure russia to hold the criminals accountable for the actions and the white house seeing this more of a national security issue, something they say is impact the not only u.s. entities, but businesses worldwide and while the investigation into what happened does remain ongoing, so far the white house says it does not believe that the hackers were following any orders by the russian government. >> we don't have additional or new information suggesting the russian government directed these attacks. we also know and we also believe na they have a responsibility. they have a responsibility to take action. >> all right, the other side of this is what is the u.s. going
8:36 am
to be able to do. we've got a white house statement. president biden reiterated that the u.s. will take any necessary action to defend its people and critical infrastructure in the face of this continuing challenge but this is also going to be an issue that will impact the federal government as a whole. we've seen the biden administration make it clear that they want to make sure that the government is prepared for any potential cyber attacks tax launched on the government and next week, the president is hosting the german chancellor at the white house and likely that this topic will come up, neil. neil: mark meredith in wilmington, delaware. i want to go to theresa payton, what she thinks of this and what president biden needs to do to respond the ahacking attacks. theresa, great to have you back. what do you want to hear? what do you suspect we will hear out of joe biden in a response to this? >> i would love to hear president biden say as part of
8:37 am
the actions taking on offense we will be encouraging putin to either take those syndicates off-line himself, the government controls much of the access in russia, if we turn over evidence who is behind the cyber criminal syndicates, and the syndicate are evil, and that arrests will happen with raids on where the operatives are working. if putin doesn't respond, infrastructure, stopping the flow of money and alliances with the european union about energy purchases from russia. neil: vladimir putin essentially said that he's not aware of this, it might be happening in russia and not aware of it and i'm thinking he was a top kgb agent and a way to ferreting out his enemies in
8:38 am
russia and all over the world. we suspect he does protest too much. if he's aware of this, and we had to slap on additional sanctions or to we do something more on his level and hack right back? >> welcome, we have to obviously, as we sync through the different courses of action, we have the capability to strike back, but we doesn't want to have a cyber escalation either where we strike back and then they come after our critical infrastructure. so, one of the things that we can do is do both covert and overt messages to putin. he's smarter than the average bear, he'll get it. you know, do some things like the department of defense did, reached out to russian internet trolls and said we know who you are and unless you back off the keyboard there will be repercussions, we could do the same things here and probably
8:39 am
plans underway whether or not we hear about it, neil, remains to be seen, but i would like to see us use some of the capabilities in a nuanced way to make sure we don't have a cyber escalation. neil: theresa payton, former white house information officer. and we're getting word from janet yellen, the g20, a sort of a new global corporate tax at least 15%. we're telling not all countries are going along. i suspect ireland would be among them. and they have the lowest on the planet and why the businesses reincorporate there and these are the powerful ministers way of saying, that you can run, but you can't hide. the problem with this, i have not seen the details of the report, is that it disproportionately affects u.s.
8:40 am
multinationals, particularly technology giants that europe has been itching to go after for know the paying more taxes in the past and they should pay it now so it puts the u.s. potentially in the embarrassing position that acknowledging, yes, this global tax will indirectly affect american companies, but that could be deemed a good thing longer term if those american companies can't hide or hire workers abroad that they could sooner hire here because they can't escape the tax man. and it may be europe's thinking and liking that they got exactly what they wanted. didn't they? a little more after this.
8:41 am
8:42 am
8:43 am
>> i want to bring you an update. this is coming via some smart phones, you know, entrepreneurial travelers have been taking outside of the fort lauderdale, hollywood name airport. it was evacuated earlier this
8:44 am
morning and a security investigation going on and we just don't know what that security investigation is about, according to the airport's official twitter account, it says areas of terminal two and three had to be evacuated and surrounding upper level roadway around the terminals has been impacted due to the evacuation. and we don't have any word on how it's affecting flights coming into or out of the airport. if we get any more news on this, we will, of course, pass it along. in the meantime, all eyes are going to be on a billionaire who wants to journey into space tomorrow. richard branson looks to beat jeff bezos, who is planning to go up to space on his own rocket on july 20th. of course that would be the 51st anniversary of the apollo 11 flight, but then again, i should say the 52nd, but again, branson hopes by beating him to
8:45 am
the punch and showing a different way to get up there, piggy backing on a jet and launching directly into space, this could be with commercial flight. jeff has more. >> hey, neil, this area of new mexico is buzzing knowing they're less than 24 hours away from the potential launch of virgin galactic. now, if conditions hold up and the launch is a go, this would be the first privately owned rocket company to launch its owner and founder into space. that man being billionaire richard branson joined by three employees and two other pilots as they launch out of spaceport america out of truth or consequences, new mexico tomorrow morning. the u.s.s. unity, sort of a passenger rocket plane. the twin fuselage jet will carry it up and blast into the
8:46 am
at atmosphere. branson just shy of 71, says it's not apprehensive, calling it a dream of a lifetime. >> my dream is that young people watching the program can get the same excitement as when i watched the moon landing so many years ago and show kids one day they will go to space and that anything is possible. >> now, nine days after richard branson blasts off, another billionaire, jeff bezos is set to head to space from west texas. bezos' blue origin will go higher and if you're wondering, 600 seats have already been booked at a tune of a quarter million dollars a ticket.
8:47 am
>> near chump change to you, thank you very much, my friend. jeff paul in new mexico. a lot of you heard that $250 grand a ticket and volunteered to get me that ticket. [laughter] >> that's not nice. we will have more after this. (naj) at fisher investments, our clients know we have their backs. (other money manager) how do your clients know that? (naj) because as a fiduciary, it's our responsibility to always put clients first. (other money manager) so you do it because you have to? (naj) no, we do it because it's the right thing to do. we help clients enjoy a comfortable retirement. (other money manager) sounds like a big responsibility. (naj) one that we don't take lightly. it's why our fees are structured so we do better when our clients do better. fisher investments is clearly different.
8:48 am
it wasn't long after i had joined golo before i had to start buying new pants. golo changes your whole lifestyle and it changes the way that you think. you don't have to deprive yourself of anything. (announcer) go to golo.com to lose weight and get healthier.
8:49 am
8:50 am
>> i want to take you live to venice, italy, this is the italian finance minister, the equivalent of janet yellen, our treasury secretary. they're all talking up, the g20 members, the new deal for a global corporate tax of at least 15%. the devil, as i said, is in the details and hope to implement as soon as october. that doesn't mean the tax would
8:51 am
take effect then. it would go country by country to get done. the deal who does it target. disproportionately, it could be u.s. multi-nationals and paying up for some time now, and a victory for the europeans, i'm not quite sure for us. let's go to daniel and david. and wherever you are politically on the map here, this is targeting, the apples, the microsofts, amazons and those global rpgs 0-- operations that european say done, but this higher taxes likely coming here, it could be a one-two punch. what do you say. >> i don't agree there's like had i more taxes coming here. as i've been saying all year, they have a much harder path ahead getting it through
8:52 am
manchin and sinema than people have realized. as far as corporate globally, it's unsane. the idea that the united states should take p's and q's from other countries on our tax policy or that other countries should from us is completely un-american. it's like they want to give fodder to the people that are afraid of globalization. this is totally out of bounds and the other countries are not going to follow it anyway. everyone will do what is in their best interest when the time comes, as they should. it's an unacceptable policy and driven by a bad ideology. neil: you don't think they'll keep their word. interesting. all of this is the same week that we had that biden crackdown on companies that he argues have gotten too big for their britches and being anti-competitive and forcing a lot of little guys out of business. what do you think of that sort of one-two punch this week on pretty successful companies?
8:53 am
>> well, so you know, again, neil, we've spoken about this before. there are both sides, there are people on both sides of the aisle who are uncomfortable with the monopoization of corporate america and rightly so in many ways. again, when it comes to trying to impose higher taxes on these countries, and companies, there will always be the hungaries, always the irelands, no sure thing about rome in october and to david's point. i think the hardest path for janet yellen is going to be within her own country and it's the most-- america's biggest employers become under siege, they will shop around for places like the cayman islands or the united arab emirates. there's always a way to get around tax policy. in the end, what it ends up being a headline grabber, but a nothing burger in practice. neil: you know, dan, one i
8:54 am
think this that the president said when he was announcing a series of executive orders that would involve, you know, better than a dozen federal agencies, 72 different directored, that since the 1980's when we sort of loosened controls and oversight of these companies, it has done no good. i'm saying, wait, 40 years ago we didn't have an amazon, we didn't have a facebook, we didn't have a google. how do does that squelch competition when the giants at the time were usurped by competitive forces that made them dinosaurs. who is to say that this 40-year experience has been a failure? >> i wouldn't say that the 40 years has been a failure. you look at the advancement in technology and quality of life because of what these companies have done. neil, listen, we don't ever have to go to the mall again to buy anything, what's better than that? to me, just the bashing of
8:55 am
corporations now, all around the world, is crazy. and lets he be very clear, too, about what janet yellen and the biden administration is doing. they are actually trying to form a global taxing cartel. that's what they're talking about here. which is absolutely crazy. i believe -- i agree with what david said before. this is the wrong path to go down. europe should be cheering because now they're going to get a shot at american international corporations. so, in the end, these corporations do not really pay tax. they are going to pass that along to the consumers and who is going to be the big loser is the american people. i believe that. >> all right. real quickly, i wanted to address something maybe you do at the outset and saying the tax hikes might never come to pass and that's planned in the united states. you might be right about that,
8:56 am
judging by the markets, hitting records amid the worries and central governments pile on. so the markets are right on this, this is not going to come to pass? >> i think that it will end up being some modest increase nowhere near what joe biden proposed. we have james madison and alexander hamilton to thank for this. you have to do work to legislate and the sausage making involves people getting on board. 50% democrat senate and only four votes lead in the house is not enough to do it. capital gains may end up going a little higher, nowhere near the 43%ment i'm not convinced the corporate rate will go up at all, but even if it does, i think they're going to do other trade-offs where they bring the rate up a little bit, but bring brack the deductions that president trump had gotten rid of and it wasn't result in a higher tax burden. the markets seemed to have known this all year as you say, yes. >> the final word on that,
8:57 am
guys, i want to thank you very much for your patience with this breaking news, quickly up-to-date before i pass along to my friends and colleagues on fox here. the global tax is on. a 15% minimum tax is on. that could dramatically reshape the landscape for good or ill. it's a long way from becoming a final deal, but they are dealing. that will do it hear. you need only the freshest milk and cream. that one! and the world's best, and possibly only, schmelier. philadelphia. schmear perfection.
8:58 am
8:59 am
9:00 am
>> live pictures from the southern border where the flow of migrants haven't slowed down while officials struggle to keep up. you're watching our drone team over la hoya, texas, it's ground zero in the rio grande valley and migrants are surging across the border. 2000 every single day. in fact in the last 24 hours, there were 2,519. that's an increase of 500 -- 573% from last year the administration refusgo

69 Views

info Stream Only

Uploaded by TV Archive on