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tv   Mornings With Maria Bartiromo  FOX Business  August 3, 2021 6:00am-9:00am EDT

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♪ >> thank you for watching everyone, larry is back tomorrow he will be joined by senator dagen: good morning, i'm dagen mcdowell, in for maria bartiromo. it's tuesday, august 3rd. your top stories, 6:00 a.m. eastern. uncovering the origins of covid-19, a new report from house republicans show it was accidentally leaked from a chinese lab. what we're learning about the lead-up to the outbreak in wuhan. taking a look at markets, futures are ticking higher this morning. we have gains across the board. triple digit gains on the dow futures. some mixed action in the markets yesterday, nasdaq moving up ever
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so slightly, weighed down markets mostly by growing uncertainty about the economic recovery. european markets are slightly higher today, gains in england, france and germany. in asia overnight, a different story. markets mostly lower. only the kospi in south korea finishing in the green. "mornings with maria" live right now. ♪ dagen: some of the top headlines we're watching this morning, masks are back for some retailers and restaurants. regardless of your vaccination status. cheryl casone has the details. good morning, cheryl. cheryl: good morning to you, dagen. yeah, even the gym. here we go. home depot and mcdonald's are going to require customers and employees to mask up, target will require its workers to wear a mask but only encourage them
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for shoppers. louisiana and san francisco reinstating indoor mask mandates. starting in september, anyone who wants to get their sweat on at equinox or soul cycle will need to show proof of vaccination to enter the space. employees need to be vaccinated. a trojan horse for democratic social spending. a study committee accusing democrats of using the bipartisan bill to sneak their radical agenda through congress. they point out only a portion of the package will go to infrastructure. democrats trying to tie the $3.5 trillion spending bill using reconciliation, meaning no republicans will be on board. the biden administration says migrants will be quickly turned away at the southern border
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while covid cases surge, this after the cdc renewed the policy known as title 42, established under the trump administration, by the department of homeland security says title 42 is, quote, not an immigration authority but a public health authority. there is more evidence that border patrol agents are overwhelmed at the border, the ap reports 210,000 migrant arrests in july alone, a 21,000 increase from june of this year. well, the treasury department taking extraordinary measures to avoid busting the federal borrowing limits, a two-year suspension of the debt ceiling expired over the weekend. secretary janet yellen announced its suspending reinvestments for some retirement funds, calling on congress to act before the federal government runs out of money. the congressional budget office warns that could happen as early as this october. and some breaking news from
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tokyo, gymnast simone biles has just won the bronze medal in the balance beam final at the tokyo olympics. this is biles' only event at the games. she bowed out of all other individual and team events to focus on her mental health after getting a case of the twisty as it's known in gymnastics. she wasn't favored to win in the balance beam but she got a bronze. dagen: good for her. good for america. good for the usa. i'm more of a track and field fan, myself. as are you. futures are up after a mixed day on wall street yesterday, gains across the board right now. the yield on the 10 year treasury falling to the lowest level since february. look at it go down. and the rebound for oil didn't last long, crude oil prices dropping over demand concerns. joining me now, head of investment strategy, hank smith. joining the conversation all
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morning long, hudson institute senior fellow, rebecca heinrich and chief investment officer, nancy tengler. good to see you. your thoughts on this market with the yield on the 10 year falling. is that from concerns about economic growth or is it just knowing that the federal reserve is just going to keep sopping up all those treasuries? >> well, i think it's concern of the delta variant and the impact it might have on this global expansion. but -- and also it might be the bond market is not forecasting anything other than transient inflation and so i think you have to pay attention to the bond market because it is the most sensitive barometer to inflation because inflation hurts bonds more than any other asset class. but dagen, the bullish narrative really hasn't changed all that much over the past several
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quarters. we have massive stimulus, monetary and fiscal stimulus, vaccine success that's leading to consumer confidence and unleashing of pent-up demand and corporate earnings that are just blowing the socks off of all expectations. add to that tremendous dollars in savings and to money supply growth still growing at double digits and it's hard to step in front of these tailwinds and we have seen this in terms of market action in the past month where we've had some weeks that started off with some really big down-drafts and all of a sudden we're thinking oh, boy here comes the correction, only to end the week back at all-time highs. i say stay invested. these tailwinds aren't dissipating any time soon. dagen: nancy, how do you see it? do you agree with hank? >> dagen, good morning. i do generally for the most part. i think hank really nailed the
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salient important part of what's driving the bull. i would add in corporate buybacks, you know, we're above pre-pandemic levels. that put a floor on the market. my biggest concern, i would love to hear what hank says about this, is policy mistakes out of washington. the reconciliation bill and tax increase proposals on corporations and individuals has me concerned and i wonder if that's on hank's radar. dagen: hank? >> no, it's a great point. so let's start with at the top of the list in terms of policy mistakes. the delta variant in and of itself is not an issue. it is how policy makers react to it. if we do not fully open schools this fall, if we go to indiscriminate lockdowns like we did 15 months ago, then i think the recovery is injeopardy and i think we're going to see a correction. hopefully we do not see those
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policy mistakes. now, with regard to re-regulation, the potential for more taxes, i think that's more of a 2022 issue as opposed to over the next two, three quarters. but it certainly bears watching because this administration is unwinding all of the deregulation from the previous four years and re-regulating. that is not necessarily good for the economy. neither is higher taxes. so definitely bears watching. dagen: it seems like that investors are choosing to be bullish and optimistic about all of the stimulus, particularly coming from the federal reserve, rather than worry about re-regulation. which we've already seen this year, started day one. keystone xl pipeline was killed by joe biden and the tax increases. so it's just kind of wait and
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see as to of whether investors start to really worry about that later in the year. short run, treasury secretary janet yellen asking congress to either raise or suspend the debt ceiling. this comes after the debt ceiling deadline passed on sunday. this comes as federal reserve chairman jay powell is taking some heat from the progressive left on his approach to bank regulation. jay powell's term is up in february. so if there's a change in the leadership at our central bank, what is your reaction to that potentially? >> well, i think that would be a market disrupter. look, i think the market is expecting jay powell to be reappointed and if he is not, that just creates uncertainty. but i don't think it shifts the narrative of those powerful tail tailwinds and, look, when the added unemployment benefits
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dissipate on september 6th, i think you can have another surge of employment and i don't see this economy really deaccelerating all that much through 2021. but again, the nomination of jay powell is a wild card but i think at the end of the day market stability is very, very important and he will get reappointed. dagen: before we go, hank, what are you expecting to see on friday with the july jobs report out? economists expect that 880,000 jobs were added with the unemployment rate ticking down to 5.7%. your expectation as, again, as these jobless benefits are expiring in some states or some states have gotten rid of them and we're really going to see the full effect potentially of that. >> yeah, again, i don't think this is that important of a jobs number. i think we have to wait until
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the early fall to see those jobless benefits dissipate and then i would expect a resurge of employment. but the trend is very, very positive in employment, whether you're looking at the monthly data or the weekly jobless claims. the trend is very positive. and look, there are more jobs available than there are participants. so we've got to get the government out of the way. we've got to get the government to stop competing with the private sector which is what it's doing right now. and i think we're going to have a very, very strong job market in the fall. dagen: hank, thank you so much for being here this morning. always a pleasure. >> good to be with you. dagen: we're just getted started this morning. coming up a new report from house republicans showing covid-19 did indeed leak from the wuhan virology lab, something we've been reporting on this program since the very beginning of the pandemic.
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retired four star general jack keane weighs in. next hour, texas congressman jake ellisbe talks about his win in the special runoff election and what he's planning for his first major vote. border arrests at the highest level in decades, former acting i.c.e. director, tom homan and congressman andy biggs break down the deepening crisis. you don't want to miss a moment of it. you're watching "mornings with maria" live on fox business. but i know i've got this. and when it comes to controlling his type 2 diabetes, my dad's got this, too. with the right choices, you have it in you to control your a1c and once-weekly trulicity may help. most people taking trulicity reached an a1c under 7%. and it starts lowering blood sugar from the first dose, by helping your body release the insulin it's already making. trulicity is for type 2 diabetes. it isn't for people with type 1 diabetes. it's not approved for use in children. don't take trulicity if you're allergic to it,
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you look a little lost. i can't find my hotel. oh. oh! ♪♪ this is not normal. no. ♪♪ so? ♪♪ right? go with us and find millions of flexible options, all in our app. expedia. it matters who you travel with. dagen: the masks are back, louisiana and san francisco announcing a return of indoor mask mandates. this while businesses like home depot and mcdonald's are telling workers to mask up again regardless of vaccination status. plus, gyms, equinox and soul cycle says all customers must be vaccinated in order to use their facilities. joining me now, texas congressman and member of the house energy and commerce
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committee, michael burgess. what are your thoughts on this with the delta variant, return to indoor mask mandates in some places. >> well, good morning, dagen. i do think the cdc could have done a much better job about helping us understand the data that is bringing them to some of their conclusions. they really gave conflicting information through the week last week. i think if someone has been vaccinated, received both vaccinations, the likelihood of them actually getting a breakthrough infection is very small. the likelihood of getting sick enough to go in the hospital is extremely small. and the risk of death is vanishingly small. doesn't mean it's zero but it's very, very small and goods in knows we take -- goodness knows we take risks that are much greater on a daily basis. i thought the resumption of masks on the house floor was unnecessary, i thought it was part a political theer the. i didn't see -- theater.
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i didn't see the public health reason for it. i'm still trying to comb through whatever data the cdc has provided us, it has been small. it's hard to understand how they have come back to the conclusion that they have and here's the thing. it just damages their other message, is do we think people ought to be vaccinated. people look at this and say we ought to be vaccinated, why. we still have to mask up, still can't go to the gym. why are you behaving like this? it has done damage to the other public health message that vaccinations work and vaccinations are beneficial. let me say, vaccinations work and they are very beneficial. dagen: i think the american people, though, just looked at the cdc somewhere unnerved by it but just said you've been giving us bad information or misinformation for much of the last year and-a-half. i'm just going to take care of myself and be careful and even -- i can't imagine saying this previously but mayor de blasio of new york city has gotten it right where he's encouraging
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mask wearing but he's working on getting the whole of new york city vaccinated. that's the upside down world we're living in. the senate meantime, $1.2 trillion infrastructure bill has been finalized. although lawmakers are pouring through it to see what is in the bill that's nearly 3,000 pages. congressman, where does the house stand on the current bipartisan bill and can it pass without being tied to more spending as nancy pelosi is insisting? >> that last bit is the real crux. can anything be passed without it being linked to a much, much larger reconciliation bill. as i understand the senate bill, which only 10% of the over $1 trillion is going to be spent on infrastructure so there's a problem right there. it is amends a house passed
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transportation bill. so in theory the house has already passed this. the amendment would have to come back to the house. no attempts to change it at that point, it's coming back as an amended house bill and this is much like the obamacare, if people remember the technique they used to finally pass obamacare. it was a senate amendment to a house passed bill, came back not amendable and there you go. i do not trust unfortunately the people who have said that they won't break the filibuster. i fear that the temptation will be too great for the $3.5 trillion reconciliation bill and i would not trust -- certainly don't trust nancy pelosi, but i don't trust the democrats in the senate not to come back with the $3.5 trillion bill if we give them the first step in the process. dagen: don't trust the biden administration to enforce immigration laws.
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title 42 will be extended, this as fox news reporting local border stations in mcallen, texas are running at 585% over capacity. griff jenkins reporting over the weekend there were more than 8,000 migrant apprehensions in thely of owe grand -- rio grande valley. the title 42 extension, does it amount to anything? because under it, shouldn't the deportations be kind of the focus and that hasn't been the focus under the biden administration. >> it hasn't. but i would perhaps at this point remain hopeful that they are getting a clue on this. i had a very difficult call with a doctor at the cdc last thursday, primarily about the mask mandates on the florida house. i said what are you doing about the people on the border. and they said all we can do is
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give guidance. well, your guidance meant we're masking up on the floor and the house. what if you told the department of homeland security because we have a big problem coming into the southern border in texas at which point the conversation was abruptly ended. trying to get ahold of someone at the department of homeland security, saying, look, this is a serious situation, title 42 needs to be reimplemented. it has. i'm grateful for that. there is still the exception for children. it was a step in the right direction. i will give the biden administration credit for that. it was late. it should have happened easily a month ago, if not two months ago, perhaps should never have been rescinded but the title 42 protection is an enormous first step, the first sign i've seen of any inkling that we've got a problem there and heaven knows we have a problem there unlike
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anyone has ever seen before. dagen: and vice president kamala harris is still an embarrassment, talking about root causes. well, the root causes are the white house's policies. congressman michael burgess, a pleasure, sir. thank you. coming up, a record number of migrants at the southern border, we discuss how the biden administration's policies as i said are contributing to the crisis. plus, big take takes on dating apps, apple is dating a platform for unvaccinated people, that's making a buzz. stay with us. our retirement plan with voya, keeps us moving forward. hey, kevin! hey, guys! they have customized solutions to help our family's special needs... giving us confidence in our future... ...and in kevin's. voya. well planned. well invested. well protected. ♪ ♪ experience, hyper performance that takes you further. at the lexus golden opportunity sales event. get 0.9% apr financing on all 2021 lexus hybrid models. experience amazing at your lexus dealer.
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and losing weight. go to golo.com and see how golo can change your life. that's g-o-l-o.com. dagen: the border crisis surging in texas. the biden administration renewing a policy we were talking about it last block known as title 42 which allows it to turn away thousands of migrants due to covid concerns, this amid a new report that mexico will no longer accept
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families apprehended at the border. we're waiting on the official july numbers from customs and border protection. but some reports estimate that apprehensions could be as high as 210,000 border encounters in the month of july alone. rebecca, this is going in the right direction or the wrong direction? >> going in the wrong direction. hey, it is olympic time so the biden administration is breaking its own records here, 19,000 unaccompanied minors apprehended in july alone, dagen. you know, this is one of those things where every time the biden administration says they're going to be doing a policy, going back to a policy from the trump administration and individuals start getting hopeful that maybe we're going to start getting tough on an issue, you take a closer examination, you see that really it's just -- it's not as good as it seems. if they still have exemptions
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for children and for families, you're still going to have the coyote problem, you're still going to have a humanitarian crisis. if mexico isn't going to take these families, you know the biden administration will continue to keep this loophole and we're still going to have the same problem we have today. they say they're doing it in the name of morality or having a human immigration policy, but it's not humane when the policies create the humanitarian crisis. dagen: i said this, they laid the foundation for people and individuals to profit from human suffering, whether it's human trafficking, child trafficking, coyotes and drug smuggling. think about the fentanyl that's coming into this country. nancy, it also shows that this administration that fighting covid isn't priority number one, maybe extending the title 42 order, but again, they're not following through with mass deportations which would be
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allowed in the middle of a pandemic. but it clearly hasn't gone away. >> no, you're right, dagen. i'm near phoenix, arizona, i'm in scottsdale, half a mile from where i'm sitting there's a hotel that was previously bankrupt that's now house whack they call -- now housing what they call migrants, but we would call illegal immigrants. scottsdale objected, they were given one day's notice and so if you want to talk about health risks, there it is, front and center. and the public is tired of this. i think the hypocrisy, the lack of logic and common sense. in arizona, we get a lot of people through the state and it has an a impact on the spread of covid. it did last spring. and we'll see what happens. but i think there's going to be a backlash. i think people are fed up. and know they're not being told the truth and tired of shouldering the burden.
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the contract for the hotel was like $85 million. dagen: it's not only a health risk. it's also a financial barr den to the border communities and the states and then when a governor like greg abbott tries to do something about the transportation of these illegal migrants throughout the state, then the federal government intervenes and tries to put the kibash on it. so thank you, ladies. terrific insight, both of you. coming up, a bombshell discovery, retired four star general jack keane weighs in on the house republicans' new report that covid-19 did indeed leak from the wuhan lab and they called it the greatest coverup of all time. plus, funding infrastructure by cracking down on crypto, the new plan for digital transactions that could bring in billions. we get into it. stay with us. ♪ (vo) singing, or speaking.
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dagen: welcome back. i'm dagen mcdowell, in for maria bartiromo. it is tuesday, august 3rd. a look at markets at the bottom of the hour. futures are moving higher this morning, gains across the board. triple digit gain on the dow futures, stocks finishing mostly lower yesterday, the nasdaq to the plus side but stocks mostly weighed down by growing uncertainty about an economic recovery. the continued economic recovery, i should say. european markets moving to the plus side today. in asia overnight markets mostly lower. only the kospi in south korea finishing in the green. crime rate surging across the nation as police departments face staffing shortages. cheryl casone has the details. cheryl. cheryl: yeah, dagen. so chicago is having the most violent year right now, 461 shooting incidents in july alone. 614 victims. that outpaces 2020 by a lot, nearly 50 people were shot this past weekend in chicago, this as
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portland's police department struggles to find officers willing to serve on its newly resurrected gun violence reduction unit. the team was dismantled over a year ago at the height of the black lives matter movement. well, senator lindsey graham testing positive for covid despite being fully vaccinated. the south carolina republican was on the house vote of democrat senator joe manchin over the weekend. graham said he started feeling ill saturday night and currently has mild symptoms. in a tweet he said, part, quote this, i'm very glad i was vaccinated. without vaccination i'm certain i would not feel as well as i do now, my symptoms would be far worse. graham also described yesterday as he thought he had a sinus infection. cracking down on crypto transactions to fund infrastructure, according to the joint committee on taxation, new requirements aka taxes on crypto could raise 28 billion over 10 years. the estimate also found the provisions in the $1 trillion infrastructure bill would boost
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revenue by 51 billion over the same time period. this comes as lawmakers work to pass a bipartisan bill. the irs commissioner by the way has already asked congress back in june to collect more information on crypto transactions. well, reese witherspoon is saying hello to a billion dollar deal, she is selling her production company to an unnamed media company backed by blackstone. the deal is set to be worth more than 900 billion. hello sunshine produced hits like the morning show and hbo's big little lies. quite a payoff, dagen. those are your headlines. dagen: yeah. i didn't watch the morning show. thumbs down. [laughter] cheryl: i did. i admit it. dagen: not doing it. not paying for apple tv either. thank you, cheryl. house republicans meantime very serious, releasing a report yesterday on the origins of covid-19.
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congressman michael mccall who spearheaded the report going after what he calls the chinese communist party's coverup. >> it's the greatest coverup in human history. i think the chai fees communist party are very concerned about this report coming out, telling the truth. the fact of the matter is, they were playing with fire. they were genetically manipulating at the lab this gain of function that was taking place. dagen: the probe showing the coronavirus did indeed leak from the chinese research facility in wuhan. the wuhan virology institute, something we have been reporting on this show since the very beginning of this pandemic. meantime, wuhan announced plans to test its entire population amid the recent uptick in covid cases. joining me now, retired four star general and fox news senior strategic analyst, jack keane. general, there's much to discuss in this report. one of the things that jumps out is that the report concludes
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that the virus escaped some time prior to september 12th, 2019. that would be much earlier than even other people expected. and that the military world games went ahead to avoid china being embarrassed and that that could have been a super spreader event around the world. >> yeah, that's a fact. i mean, it's more incriminating evidence pointing the finger at china, their government associated with the wib laboratory caused an accidental spread, likely accidental spread of the covid. and to he me, the most revealing thing is that china to this date, while they're denying that the lab had anything to do with it, well, provide us the evidence of where the origin really is and of course there's silence on that subject because this evidence continues to mount that the labs was the origin of
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it. they're saying around september the 12th because that is when the lab took its databases offline, having anything associated with viruses and they believe that that was very telling. second thing is that the hospitalizations began to increase, they looked at satellite photo of the activity surrounding the hospitals in you wuhan city. people at the lab were getting sick but people in wuhan city were getting sick as well, given the increase in hospitalizations. and then you mention the military games took place, world military games, that is, in october in wuhan city and many of the athletes went home and they developed the virus and began to spread the virus. so all of that evidence, and there's other evidence in the report itself, points the finger at the wuhan institute of virology laboratory. and we're also waiting an intelligence report from the biden administration which is
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due out in a few weeks and i'm certain that they've got to underscore the circumstantial evidence at best, that this clearly is the incriminator of spreading this virus. and you know, the thing that bothers me to this day, dagen, is we don't hold china account canable for the spread -- accountable for the spread. in other words, the origin is deception, we can see that. the spread took place because they shut down domestic travel air and ground but permitted international flights. i believe president xi did that because a he wanted other economies to suffer not just his own. that's international criminal behavior, as far as i'm concerned. dagen: if we wanted to target xi jinping with charges on the international level, would of we need to get more countries on our side to do that? is that a legitimate possibility with the biden administration, general? >> well, they've been silent on
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this subject and actually president trump while he mentioned it you few times, really the focus was always on the deception surrounding the origin. the biden administration would have to take up the mantel. the good news is, there is mounting international criticism of china surrounding covid because of the deception concerning that and then the entire propaganda misinformation campaign they did to change world opinion and all of that largely backfired on them, frankly. yes, xi has got international head winds as a result of their behavior and rightfully so. dagen: rightfully so. let's talk about what secretary of defense lloyd austin has been doing overseas, in terms of building up relationships with our allies. putting pressure on china. so secretary of defense also implying that the u.s. would assist taiwan against china. there's a recent op-ed from the
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hill highlighting the importance of the u.s. being clear about, quote, the consequences of china's actions toward taiwan and then the wall street journal also, general, has an op-ed today saying that lloyd austin is making progress in the philippines, in a blow to beijing, manila will keep hosting u.s. forces. this is significant. >> yeah, i mean, the real pushback on china is going to come from the united states and the league certainly but in concert with our allies and that's what's taking place out there. secretary blinken has been to india and kuwait recently and certainly particularly in india, china was likely the main subject. here we have secretary austin in vietnam, singapore, and the philippines, shoring up those allies. and i've been to those countries myself and i'll tell you,s he's getting an earful. had they have economic relations with china. but every single day china is
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intimidating and coercing them and what they want from the united states is security. and that is what secretary austin is talking about and then wendy sherman, the deputy secretary of state, has been to japan and south korea and a obviously met last week with the chinese themselves. this is all about bringing our allies together. we'll never have a nato-like alliance because the countries are different socioeconomically and the governance is different. we have a common objective, security and stability in the region and china is a threat to that. that is what is taking place. it's really critical what the leaders of our government are doing here and they're building on what trump started with the quad alliance which was japan, australia, india and the united states, three of the four largest economies in the world in that informal alliance. and that has been strengthening and now it's expanding. good news. dagen: good news. and always good to see you.
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terrific to see you. general jack keane. amazing insight. thank you, sir. >> great talking to you, dagen. dagen: coming up, regulating the crypto market, how the infrastructure bill could impact your assets. big tech takes on dating apps, why apple is banning a platform for unvaccinated people. the morning buzz is ahead. you're watching "mornings with maria" live on fox business. ed music playing] ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ summer is a state of mind, you can visit anytime. savor your summer with lincoln.
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dagen: the crackdown on cryptocurrency, one of the key sticking points in the senate's new infrastructure bill, a requirement for increased reporting an guidance for cryptocurrency transactions. joining me now the chamber of digital commerce president, perry ann boring. how will this affect digital assets? >> first, this is not a new tax on cryptocurrencies. they're clarifying information reporting requirements for brokers. there are a number of concerns about the bill from the chamber and from many others in the industry because it would extend these information reporting requirements to people in different types of entities who have no way to comply with this
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requirement. and if that were to happen, if we do not get the clarity we are asking for, it could have a devastating impact on the growth of the ecosystem in the u.s. dagen: yeah, don't look at nancy tengler, do not look to washington for clarity on anything. >> i just wrote a piece called mr. magoo's washington. it's apt. he's near sighted, couldn't see trouble ahead and a never changed course many i am interested in the view on who would be hurt the most. coin base has done a good job of working with the regulators, all the way through the process and for the record, i think block chain and digital currencies are fantastic which is why washington wants a piece of them. but what's your expectation in terms of who gets hurt the most? >> i think the people are doing a great job getting their voice heard. we've had a number of senators
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who have weighed in, said this is not clear enough. we've heard that even from senator whiten, senator toomey has already announced he's planning to issue an amendment. getting an amendment is a big feat but there's certainly -- the process is not over and it still has to go back to the house. so it certainly is possible and there's an opportunity to continue to work on the language. dagen: i want to get your reaction to this too. google will now accept aped ads for crypto currency exchanges that target u.s. customers. this is a good sign for the industry. >> yeah, absolutely. i think there have been bans on ads because there's been a number of scams in this space but we have laws in place from the fcc and many others who
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regulate things like fraud and other things around this so there's no reason why the cryptocurrency space can't have ads and it's good that they're now changing their rules to allow for that. dagen: google sees money. rightfully so. thank you so much for being here this morning. terrific to see you. coming up, big tech's reach on dating apps, why apple is saying no to a platform for unvaccinated daters, that's making a buzz this morning. we'll tell you about it, next. ♪ just the two of us. ♪ we can make it if we try. ♪ just the two of us. ♪ just the two of us. ♪ just the two of us a full lin. at the lexus golden opportunity sales event. get 1.9% apr financing on the 2021 rx 350. experience amazing
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♪ dagen: time for the morning buzz dating edition. good luck to anyone who chooses not to get a vaccine. a new dating app for the unvaxed has been nixed from the dating store. apple said the app was inappropriately referring to the pandemic in its theme. you can download it on the google play store. rebecca, what do you think? >> well, you know, nobody likes a big tech combination so i don't like that. on the other hand, you know, i'm not going to shed too many tears about getting people off these dating apps, go out and meet people in real life. that's what we need to do. also this idea about defining yourself about whether or not you're vaxed or unvaxed, i understand people want to have a safe space where they can avoid that. let's got that in real life. dagen: a scary new dating trend
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emerges, fota, fear of dating again is hitting singles who are emerging from the pandemic. some are scared of starting over and getting back in the game. nancy, i'm not trying to discredit the reporting on this. i don't buy it. i think people are ready to party on. >> yeah. i thought this story with all due respect was pathetic. [laughter] >> a man told the whole world he he's afraid to go out and date. i don't think that's going to help his dating life going forward. i think it's enough already. we're creating a generation of professional victims. i have fear of wearing a mask again. it's just silly. and i think people need to get out. we were told for decades everything you need to know you
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learned in kindergarten. so get out there, make friends, eat a little paste and get on with life. dagen: this guy who you referenced in the article, maybe this is his like dating game. maybe this is kind of the angle that he's working. oh, i don't really -- i'm really awkward. i really don't want to be here. i'm really uncomfortable. no, you're not. no, you're not. >> exactly. [laughter] >> i thought about that too. dagen: by the way, reb car, i don't know -- rebecca, i don't know about you, my building is back to 100% capacity here in new york and i see young people socializing and then some in the elevator in the middle of the day. on that final word -- >> we have focused so much on scaring people about their physical well-being, we are human beings. we are social creatures. we need each other. we need the community. so get out, get in your
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relationships, have good conversations and we're ready to get back to normal, i think. dagen: right. and i've been unmasked long enough to at least get rid of the chin acne and rosacea that i had for the last year and-a-half from wearing a mask. so vaxed up and ready to party. still ahead, bitcoin pulling back and investors keeping an eye on the july jobs report. we break it all down, next. ♪ ♪ ♪ ♪ ♪ ♪
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dagen: good morning, i'm dagen mcdowell, in for maria bartiromo. it's tuesday, august 3rd. your top stories, 7:00 a.m. eastern. migrants flooding the southern border, arrests hitting the highest level in more than 20 years as the crisis worsens. taking a look at markets, futures are moving to the plus side this morning, triple digit gain on the dow futures, stocks finishing mostly lower yesterday, weighed down by growing uncertainty about the
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economic recovery continuing, mixed markets, the nasdaq was to the plus side yesterday. european markets going higher this day, this tuesday, gains across the board if england, france and germany and in asia overnight markets mostly lower, only the kospi in south korea finishing in the green. "mornings with maria" live right now. some of the top ted lines we are watching this morning. masks are back for some he retailers and restaurants, regardless of your vaccination status. cheryl casone has the details. cheryl. cheryl: yeah, that's right, dagen. home depot and mcdonald's are going to require customers and employees to mask up. target's going to require its workers to wear a mask but only encourage masks for its shoppers. meanwhile, louisiana and san francisco reinstating indoor mask mandates while here in new york city we are only recommending them for residents. and then starting in september, anyone who wants to get their sweat on at equinox or soul
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cycle will need to show proof of vaccination in order to enter. employees must be vaccinated there. a bombshell gop report into the wuhan lab claims the coronavirus leaked out in september of 2019, that is much earlier than had previously been claimed by the chinese. texas congressman michael mccall had this reaction. >> greatest coverup in human history. i think the chinese communist party are very concerned about this report coming out, telling the truth. the fact of the matter is, they were playing with fire. they were genetically manipulating at the lab this gain of function that was taking place. cheryl: the city of wuhan is now testing its entire population, that's roughly 11 million people for covid after reporting their first local infection in over a year. well, the biden administration says migrants will be quickly turned away at the southern
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border while covid cases surge. this after the cdc renewed the policy known as title 42 established under the trump administration. but the department of homeland security says title 42 is not an immigration authority but a public health authority. there is more evidence that border patrol agents are overwhelmed at the border, ap reports 210,000 migrant arrests in july a alone, 21,000 more than in june of this year. and new this morning, gymnast simone biles winning the bronze he medal in in the balance beam final at the tokyo olympics, this is biles' only event at the game. she bow out of all other individual and team events to focus on her mental health after getting a case of the activitiy as it's known in -- twisty as it's known in gymnastics. she was not favored to win the event deaf a quick note -- dagen: a quick note, my friend was a competitive elite gymnast
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and still coaches gymnastics, he says the beam is actually the easiest of all of the events and even though it looks so hard because all of the tricks that you're doing or maneuvers are things that you learned for other events so it's nothing new that you have to do. you just have to do it on this little slim piece of wood. cheryl: hard pass. never. dagen: it's not that far to fall. i'm not good at any of it. my cinder of of gravity is very -- center of gravity is very low, shall we say. time for the word on wall street, top investors watching your money, joining me now, chief investment officer, nancyy tengler, ryan payne and chairman of the university of akron's investment fund, dennis gartman. futures are up this morning after a mixed day yesterday as we look ahead to the july jobs report out on friday, the expectation there is for 880,000
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jobs added to the economy, the unemployment rate ticking down to 5.7%. in your view, what is signaling growth? this -- what are you watching? >> i'm watching the pmis, dagen, and inventories. i mean, inventories hit an historic low, we got the numbers yesterday. that bodes well for replenishment in the second half. i think hank smith had it right earlier in the show when he said that the jobs report really isn't going to matter much until the supplemental benefits are lifted. if you look at the states that have lifted benefits or ceased benefits, they are about 67% of continuing claims whereas states that haven't are up above 72%, around 72%. so i think the fed sort of is putting all their emphasis on we're not going to begin tapering at fed chair powell said on wednesday until we see some improvement in the jobs
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report and the government is holding back workers looking for jobs by giving them too much money to stay home. i think that story is muddled and the market is looking past it and really looking to the second half in terms of the bottlenecks being unstopped and inventories being replenished. i'm pretty optimistic about growth in the second half of the year but we're starting to prepare our portfolios for 2022 where growth is going to slow. it's the math. dagen: the year over year comparisons just, you know, it's slowed down because of that. dennis, cryptocurrency facing more government control, senator elizabeth warren urging for cryptocurrency regulation. this as the infrastructure package includes terms for stricter rules on digital assets. dennis, you've described the crypto arena as a ponzi scheme. you have to explain. >> well, first of all, i find myself -- it's very difficult when i find myself on the same side of the arresting ament as -- argument as the senator you
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brought up. that's difficult for moment non. nonetheless, i think the realm of cryptocurrency is what i call the tinker bell effect. you have to believe in the currencies, have you to believe in crypto. there's no asset behind it. there's nothing solid behind it. it's not like buying good year tire or norfolk southern railroad which have assets behind them and can create profits. this is a bet that someone else behind you will pay a higher price for it. i've doubted crypto since the onset. it's gone from 60,000 back to 30,000, now it's trading 39 or 40,000 this morning. i think that this is a whole -- this reminds me so much of the speculative bubble in holland 400 years ago when the tulip bulb craze was in effect. then you had the tulip bulb,
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here we have nothing. central banks will not give up sovereignty control of currency. they will come up with regulation that will have their own cryptocurrency, digital currency and one day we will walk in over a weekend having heard the fed, the ecb and bank of england have met and will make cryptocurrency illegal. it's going to happen some day and you're going to walk in and find out that it went from 30,000 to zero overnight and there will be no escape. dagen: i just point out, though, that this is an argument -- people always argue that like our currency isn't backed by any assets. it's backed by the faith of the government, but that's it. >> it's backed by the right to tax your income and right now there's going to be taxation, put into effect in the cryptocurrency world sometime in the next several months. that's going to change. you're right, the u.s. dollar is a -- we don't have gold backing
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it except at the very margin and i understand that arresting. i understand -- argument. i understand why the millennials make that argument. the governments of the world will have their own digital currencies eventually. china is working on it. many i'm sure the fed is working on it. there's no question it will happen. crypto may -- bitcoin may go to $500,000. pick a number, it can go anywhere. it shall do so without me. i would rather own well-run companies, well-run stocks, well-run industries. i would rather own good year tire, i would rather own diana shipping, i would rather own any of those things rather than the cryptos. god bless those that have done it. i wish them well. dagen: as my mother and father told me, be afraid of the government and certainly be afraid when someone says i'm from the government and i'm here to help. the most frightening words in
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the english language. big tech seeing big gains, you say the companies are suffering from wall street's lofty expectations. explain that. >> they had fantastic earnings last week, revenues were up big. but most of the big five stocks were down for the week. google was the only stock thats was up, 1% return. amazon was down 9% last week and the revenue was up over 25%. so you're getting to a position now where you're almost becoming a victim of your own success. take amazon, a perfect example of that. they said they're going of have $110 billion come in next quarter which is a phenomenal number. wall street wants them to do $120 billion next quarter. it's getting hard to beat what a the street's expectations are. what's crazy about that too, last week you had 300 companies within the s&p 500 that actually were up for the week, yet the s&p 500 was down because tech now, the five stocks that
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basically run the world, are 25% of the index, dagen, which is a crazy number. you're not getting proper diversification if you own the s&p 500. i talked about that a lot. but i think you're getting to a position now with big tech that not only do you have expectations that are just so high, l valuations are extreme. you take amazon again, it trades at 60 times forward earnings. take microsoft back in '99-2000, the peak of the tech bubble, it traded for 64 times forward earnings. when the tech bubble burst it took 14 years to break even on microsoft stock. i argue at these high valuations at some point if the market does correct and a i think at some point it will big tech could take a long time for you to make money on those stocks again. so i think it's become a dangerous territory. the other thing i would mention too is big tech is very, very i would say sensitive to interest rates and what happens with inflation and we talked about labor, we had the employment
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numbers coming out on friday and a i think this labor shortage is a big, big problem. we know the benefits are coming off in september which is a great thing, people are going to go back to work but man oh, man we've got 9.5 million job openings right now and i have to think as the economy continues to open up there's going to be more job opportunities and if we get this infrastructure deal that could be more job opportunities. we're going to be in a position where there's way more jobs than people which means we'll have extremely tight labor later get which means wages will go up which means companies will have to keep raising prices. tech sold off big earlier this year when you saw interest rates go up, inflation kick in and i think that's the longer term story is, just bringing it all back together. dagen: the big tech companies have the ability and the cash to better manage those higher employment costs than the small guys and that's what i worry about. that's a bigger picture economic story. ryan, thank you so much. and dennis gartman, both of you gentlemen. always a pleasure. nancy you say there.
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you're with us all morning long. coming up, texas congressman jake ellzey talks about his win in the special runoff election, what he's planning for his first major vote. that's next. next hour, border arrests at the highest level in a couple decades, form earn acting i.c.e. director tom homan and andy briggs break down the deepening crisis. you're watching "mornings with maria" live on fox business.
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dagen: a special congressional election in texas may have set the ten for the 2022 midterms, congressman jake ellzey edging out president trump backed candidate susan wright last month with the newly sworn in congressman, he is now preparing for a number of major votes expected to hit the house floor soon. joining me to discuss, texas congressman jake ellzey.
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congressman, nice to see you. thank you for being here. what is coming down the pike? >> thank you, dagen. it's a good morning. well, coming down the pike, obviously we've got a debt limit increase. of course we're on recess for the next six or seven weeks so right now the whole function of my office is to hire new people and get constituent services going. but there's a lot facing us in the very near future. we don't know if we're going to have to come back through the recess and take a couple of votes but we're prepared to do that. dagen: what about raising the debt limit, where do you stand on that? >> right now we're at $28.5 trillion on our debt, 102% of our gdp. that number hasn't been matched since 1946. and of course, at the end of that time was world war ii and the great depression. we can't sustain this type of spending trajectory forever. and it's time that the bill
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comes due. here in texas, we are required to balance our budget and as a member of the legislature, the comptroller and legislature work together closely to make sure we pass a budget and that it's balanced and so when people talk about the texas miracle, it's not a miracle. it's common sense. it's time for that to happen at the federal government level too and i think it's time for a balanced budget amendment. dagen: i'll add, though, welcome to washington, congressman. but so where do you stand on the republicans in the senate trying to cobble together this bipartisan infrastructure bill. i've said all along that this was a mistake, that so much of the money, it's almost $6 trillion that was allocated for pandemic relief hasn't been spent. so you've got one-third of the, what, $70 billion that was un-- that was spent or unspent on, say, mass transit and then you're going of to have, what,
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another 90 billion on mass transit. was that a mistake, that bipartisan bill, you think? >> well, i'm brand-new to this as you said and -- but we can't keep spending money like this. we have to get our fiscal house in order before we start buying new infrastructure. we can relocate money -- reallocate money within our government if we look how things are spent and actually allocating taxes that we already received to highways and instead of medians and flowers on the side of the road. there are ways to accomplish the infrastructure with current spending and cutting elsewhere. so i do think that we can't keep buying these new things while our fiscal house is not in order of. so it's time to put a stop to that. the american people demand it. dagen: in case i misspoke to restate what i said, 70 billion
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was allocated for mass transit in pandemic relief, less than one-third has been spent so far. the infrastructure bill wants to spend $90 billion more over five years. turning to the crisis at the southern border, the cdc has extended title 42, a pandemic measure that allows migrants to be turned away at the border, this comes as we're learning local border patrol stations in mcallen, texas were 58 585% over capacity, the surge of migrants prompting a mass release yesterday, video showing charity workers escorting migrants to a bus station where they were given tickets and sent further into the u.s. congressman, you live in a border state, you visited the border back in june. what did you see? what do you make of these latest developments? >> this is too little, too late. the state of texas has taken it upon themselves to rightfully so defend their own border because the federal of government,
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that's their number one job. the number one job of any government is to protect her people, her citizens from things like this. and they have abbrogateed that responsibility. i think they're in some small way admitting there is a problem. who are they going to stop the influx with. i was at the border and without the help of the texas department of public safety and texas national guard, the border patrol wouldn't even know where people are crossing. we have gone way past the point at which this is a crisis. and we knew about that several months ago a. and governor abbott and the texas legislature are spending texas taxpayer dollars to protect our border and now the department of justice is going after governor abbott for saying if you enter texas from mexico and they're not coming from mexico, here's what everybody needs to understand. these people aren't coming from mexico. they're coming from central america. they're traveling 1100 miles up
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to mcallen, bringing 295% increase in fentanyl, bringing children that don't belong to their families and abandoned on the side of the road, this is a national security issue, a humanitarian issue, it's too little too late but let's start right now. you need to plus up on the border patrol folks. they're the ones that have the authority to push back. dagen: congressman jake ellzey, thank you for being here. coming up, no mask no service. stay with us. (vo) singing, or speaking. reason, or fun. daring, or thoughtful. sensitive, or strong. progress isn't either or progress is everything.
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rush hour will never feel the same. experience thrilling performance from our entire line of vehicles at the lexus golden opportunity sales event. lease the 2021 is 300 for $379 a month for 36 months. experience amazing at your lexus dealer. in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it—
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all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. dagen: masks making a comeback, louisiana, the whole state and then san francisco announcing the return of indoor mask mandates. this while businesses such as home depot and mcdonald's now telling workers to mask up again regardless of vaccination
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status. and then equinox and soul cycle saying all customers must show proof of vaccination, just once, north to use their -- in order to use their facilities. rebeccah, what do you make of this, all of it? >> well, these companies are getting their cues from somewhere. they're getting them from the government. so even though these are private companies, you might have some people say, well, listen, they have the right to do that, it's their own business. it's not that simple. they're getting their cues from the government. mayor bowser reinstated a mask mandate in washington, d.c. but then she was seen maskless in larger events as well. there's a lot of political theater going on. a lot of people don't trust these institutions, the cdc, that's saying that we need masks again even for those who are vaccinated and so you've got a lot of people who are frustrated and then you've got companies taking cues, thinking in order to get customers back into their stores they have to reinstate mask mandates. so here we are in the unending
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pandemic, dagen. dagen: nancy, what do you -- it is the private businesses have the right to ask or tell customers and the employees to wear a mask or even get vaccinated. but it's just the confusion. an it's the cdc's fault, it's the white house's fault. i had one elderly relative who was freaking out about -- he's fully vaccinated, has been since early january, freaking out about catching he covid and dying, calling his doctor trying to get a booster shot which doesn't exist in the united states yet. and then he was trying to line up antibody infusion in case he did get covid and then i know people who have not gotten the vaccine yet and they're like see, i told ya and it's just a nightmare but what do you make of what these private businesses are doing? >> yeah, i think that's tragic,
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by the way, and i think we heard from a high ranking government official that if you haven't been vaccinated, you will get covid. the delta variant. you will. not you might or of you could or you probably will. you will. and so the fear mongering is ripe. and i think rebeccah has it right. businesses are taking their cues from the government. here's where i come down. so facebook is saying if you're a u.s. employee you have to be vaccinated and wear a mask in the office. if you're a non-u.s. employee working in the office you just have to wear a mask. the inconsistency i think is what bothers people. for me, everything comes back to markets. so it's reminiscent of the biden administration coming in, shutting down the keystone pipeline, you know, not allowing permits in the anwar and then asking saudi arabia to pump more oil so the price will come down for u.s. consumers. so there's only global warming
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in the united states? like it's that kind of inconsistency that people notice and gives them a lot of anxiety as you have experienced with your relative. dagen: you know that the biden administration and the cdc are screwing up when mayor bill de blasio is more rational and reasonable about the strategy, encouraging mask wearing indoors but not mandating it, saying our priority is vaccinations. you know. again, that really shines a light on the idiocy and confusion coming out of washington, d.c. thank you, ladies. uncovering the origins of covid-19, a new report from house republicans showing it indeed leaked from that chinese lab in wuhan. what we're learning about the lead-up to the outbreak. stay with us.
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cheryl: welcome back many i'm cheryl casone with your headlines at the bottom of the hour. spirit and american airlines passengers were left at airports in dallas, orlando, miami and fort lauderdale, photos and videos show people sitting on the ground saying they were hot, they were hungry, with no information about when or if they would ever get to their final destinations. storms in dallas, a major hub for american were blamed for the cancellations. 500 american flights were delayed. spiral canceled 250 on monday. some were saying other airlines were able to fly, why these two and their delays. spirit and american stocks are higher if in the premarket. 70% of adults in the u.s. have had at least one shot of the covid vaccine, the number comes short of the july 4th deadline set back in may. only 60% are fully vaccinated.
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these new numbers come as the delta variant surges across the country. well, new york's hometown airline is staying put, jetblue is keeping headquarters in new york city, the airline had considered relocating to florida. jetblue is getting ready to add hundreds of new jobs as it moves forward with $2 billion renovation project in the terminal at kennedy airport. jetblue higher by more than 1% in the premarket. apple is the most profitable company in the world, that is according to the fortune global 500 list. 2020 an you amazing year for the tech giant, its profit increased nearly 4% to $57 billion, that surpassed walmart and amazon. saudi aramco held the top spot for the last two years. those are some of your headlines from over here. back to you. dagen: thank you so much, cheryl. house republicans yesterday releasing a bombshell report on the origins of covid-19. the probe showing the virus did
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indeed leak from the wuhan institute of virology, something that we've been reporting, maria has been reporting on this program since the very beginning of the pandemic. congressman michael mccall who spearheaded the report aaccusing the communist party of china of participating in, quote, the greatest coverup in human history. the city of wuhan planning to test the population amid an uptick in covid cases. joining me now china beige book ceo leland miller. just initially, your reaction to this republican report on the leak from the wuhan virology institute. >> the report was up against sirius object take -- serious obstacles. beijing hasn't allowed an investigation to commence. they haven't released information on the wuhan lab, they haven't released most information needed in terms of early transmissibleity.
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so what the report was is trying to piece together what we do know, the anecdotal evidence, other evidence and it came to the conclusion that a preponderance of evidence suggests there was a lab leak. we will never know conclusively one way or the other because it's china and they control the information but i think beijing should not be surprised they that others came to this conclusion, considering they put a stop on the information and what did they expect was going to happen here. dagen: bees there are a couple -- but there's a couple things in terms of anecdotal evidence. in the past, when viruses originated the an a malls they got to -- animals, scientists got to the bottom of that origin relatively quickly. it would be in china's best interest in terms of its image to release any information if they had in the last almost two years discovered that it came from an animal or a wet market, correct? and in this report one of the
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things it cites is the geo mapping and the satellite intelligence that showed that hospitals were getting unusually busy from september of two years ago, so 2019 in september. >> right. and that's exactly the type of evidence that people have sort of added one step to another to another to come to this conclusion. you're never going to have ironclad conclusive evidence of of where this came from. you're almost certainly not going to simply because the chinese are scrubbing the you clues. you would think it would be in their interest if there was not something nefarious up to share that with the international community. china doesn't always work take that way. sometimes they like the to keep information to themselves but, look, it's not going to convince the world if they're not the ones releasing the information, everyone is obviously going to think the worst of this. dagen: what does the united states do? so this report from the biden administration is expected out
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shortly. but do we -- where are the democrats on this? their focus, because it benefits them politically, on the horrific events of january 6th but was about investigating a virus, a potential lab leak that has killed well over 4 million people around the globe. >> i think there should be an investigation and i think that the world should join in this investigation. we just have to realize that it's a very small chance that we'll actually come to a conclusion that gets beyond a he preponderance of evidence accumulated in most time a anecdotally simply because as i said beijing scrubbed any potential clues and are not sharing them. look, there should be an investigation. it's important to understand where the virus came from so it doesn't happen again. it's just very frustrating. when you look at this, we're under the impression that there will never be a conclusive
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answer in this and that's not the right way to go. dagen: or someone like peter daszak who was helping funnel money from the united states into research at the lab and was behind the statement put out by scientists a year of and-a-half ago in february dismissing the idea of a lab leak. so what about if we're going to prevent access, you know, horrific accidents, if you want to use that word from happening that killed millions of people, what about the individuals who were trying to suppress information about this, about the lab? >> well, look, it's unfortunate that information on this isn't all out there. i mean, the other tragedy here is that the villain of this has become gain of function research which can be this problematic process where you take a
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pathogen and evolve it into something different. that may have been what happened here. gain of function has been used for other things, it's not an inherently bad thing. considering the lack of trust and the way the situation's been handled, the idea there will be cross-border coordination and cooperation on this type of stuff going forward is much diminished and as a result you're going of to have worse outcomes. i don't know what you do when you see the behavior of beijing in this particular instance, it's going to stifle cooperation in the few churr. few churr.dagen: -- future. dagen: china's crackdown on businesses have many worried about whether or not they will catch the ire of the communist party. what do you think it will mean for not only of chinese markets, chinese businesses there, but companies looking to expand in in western markets? >> i think everyone has to understand that what is going on in china right now really is a
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paradigm shift. when we first saw regulators crack down on ant financial thad then ten cent and then didi everyone had an explanation why regulators acted. we're likely in the beginning of a year plus rundown to the party congress next year which is twice a decade, when the chinese leadership cements who is in charge and who the heir apparents are and we're going to probably have a build-up of measures as we get closer to that. so that the party can talk about cracking down on inequality, cracking down on corruption, cracking down on big business. no one knows what direction this is coming from. but this is likely the early part of this crackdown. it's not the tail end of it. dagen: leland, thank you so much for being here this morning. we will see you again soon. leland miller. coming up, crime skyrocketing in
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major cities across the country, how some are reversing course on defunding the police. plus, a mansion fit for the future, california's first zero carbon home hitting the market for a big price. the morning buzz is ahead. you're watching "mornings with maria" live on fox business. (struggling vehicle sounds) think premium can't be capable? think again. ♪ (energetic music) ♪ ♪ ♪ ♪ ♪ introducing the first ever at4 lineup. premium and capable. that's professional grade from gmc.
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new unit focusing on the city's rising murder rate, or gun violence, this as other cities across the country struggle with massive spike in crime, in violent crime. homicides in new york and washington, d.c. are up over last year, while chicago is still matching last year's high levels. joining me now, former nypd lieutenant, law enforcement professor at pace university, darrin porcher. i'll just start with the story coming out of portland. this is a new gun violence reduction team. and they haven't been able to find enough officers to fill out these spots. 14 job openings announced in may, only four police personnel have applied to work there. and the head of the union that represents portland's police officers said they're demonizing and villifying you and you want to put them in a unit where
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you're under a bigger microscope. you demonize and demoralize and it has the same impact as defunding a police department. >> well, the mayor of portland did this to himself. when we look at the riots that plagued the city of portland last year, he did absolutely nothing. if anything, what he did was demonize the police for doing their jobs. the president sent in federal assistance and he redlined that federal assistance that was there to assist the portland police officers. so you got what you put out there. and when we look at it on a national level, the defunding of police or the state of accry he mow any between -- acrimony between elected officials and police they aligned themselves with the hashtag defund the police movement. it created a meteoric rise in crime with no end in sight.
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police are an essential component within government, however they tried to separate them. themselves. dagen: when you are pro criminal, anti-cop, you're in essence not standing up for the hard working men and women who live in your city because you're not protecting them so that's a mayor of ted wheeler in portland, that's a mayor, jenny durkin who talked about the summer of love when rioters were trying to murder police officers and she stood by and said nothing. portland, for example -- and this is no coincidence that these are liberal-run cities. portland, for example, right now is on track to surpass its all-time high homicides which was hit back in 1987. and then you have prosecutors who are not prosecuting these criminals. you look at eric adams who is likely going to be the next mayor of new york city and there was a cop, a police officer who was shot over the weekend and
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the person who was arrested for the shooting had been arrested briefs justly 25 times -- previously, 25 times. 25 times. that is bail reform. these are dangerous prosecutors. how do we reverse this, darrin? >> well, one of the first things we need to do is we need to recede bail reform. we're operating, functioning a catch and release stream. people are getting arrested a, getting out the same day. that needs to come to a halt. the second component is we need to focus on something we referred to as precision policing. precision policing is a deployment of officers where you have the greatest aggression of a spike in crime. police know this as the practitioners. let the practitioners step to the forefront and address the issues because no one can get it done better than police. police know where gang activity exists. therefore, the level of omni presence needs to be apparent
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among police department and we can't have elected officials that sidestep or sideline the police when the crime is reaching epic proportions. that's what we see in cities like chicago, new york, seattle and portland. dagen: sometimes it is one event, one shooting, one violent crime that kind of tells the whole storynd a that's why i brought up the shooting of this police officer over the weekend and here in new york city, jerome roman who was arrested for this. these weren't misdemeanors that he had been arrested for previously. there were -- his rap sheet includes eight felonies, 17 misdemeanors, including a sealed gang related murder bust. and i think it's important for these leaders other than reversing bail reform, starting to prosecute people who are dangerous, but also you will -- if you listen, you will hear
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these mayors talked about the gun problem but not the people holding the guns and firing the guns. it's a violent criminal problem. and people who aren't being locked up. out in san francisco, there were two elderly women, elderly asian women who were stabbed by what appeared to be a mentally ill violent individual. one of the elderly women, the long serrated knife, longer than her arm, it was broken off inside of her and the handle snapped off when the assailant stabbed her. he was supposed to be behind bars for 25 years. he was let out on a mental health waiver. that's where we are. >> i agree with you. a lot of the elected officials are focusing on the trees and not the forest. the forest is the ecosystem that drives the crime in these communities. the trees are merely the weapons
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that are being used. it's not the gun, it's the person that's using the gun. and we need to focus on how can we remove these dangerous people from society and that is something that the legislators have tremendously failed us as citizens and it seems to manifest and continue with no end in sight. dagen: thank you. >> we need -- to get this thing does. dagen: thank you -- thank you dagen: thank you -- thank you so much. we'll be right back. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ summer is a state of mind, you can visit anytime. savor your summer with lincoln.
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dagen: time for the morning buzz. the home of the future today. i sound like a real estate agent, don't i. a mansion in malibu, california boasting it is the golden state's first zero carbon home. it's 14,000 square feet, six
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bedrooms, a home theater and wine cellar constructed using recycled materials, it uses rubber underneath the foundation. you can have it for the price of $32 million. that's asking. nancy, i'm sure you can negotiate maybe 31 and-a-half million dollars maybe. what do you make of it. >> i thought the story -- first of all, the home is beautiful. i thought the story was interesting. i'm not sure what sustainable timber is. all the appliances are electric. and how do we produce electricity? well, most of it is produced with fossil fuel. i don't know where we draw the line of some of this but i would live there in a heartbeat. i think there's a helicopter pad in the back too. dagen: i would live there if somebody paid for it, rebeccah. >> right, this is the ultimate virtue signaling, dagen, that is, you can signal that you are this great adherence of this religious commitment to
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environmentalism. but as already pointed out what went into this couldn't have possibly been fantastic for the environment at large. i want to see who the owner is, will they be riding a bicycle or riding in a private jet. dagen: a home built for john kerry. not a good selling point is it. futures are looking to rebound. stay with us. we've got much more ahead. that takes you further. at the lexus golden opportunity sales event. get 0.9% apr financing on all 2021 lexus hybrid models. experience amazing at your lexus dealer.
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. dagen: i am dagen mcdowell for maria bartiromo tuesday, august 3 your top stories of 8:00 a.m. eastern. q. uncovering the origins of covid-19, a new report from house republicans shows it accidentally leaked from chinese lab biggest correlative in history what we are learning about lead up to outbreak in wuhan futures moving to the plus side this issuing morning, triple-digit
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gain on dow futures stocks mostly lower yesterday weighed back down by growing uncertainty about the continued economic recovery. nasdaq moving up. european markets slightly higher, this tuesday. in asia overnight different story markets heeding to the south side only kospi, south korea finishing in the green "mornings with maria" is live right now. . dagen: some top headlines we are watching this morning, masks back for retailers restaurants, regardless of vaccination status cheryl casone has more. cheryl: yeah, so home depot being mcdonald's, going to require customers and employees to mask up. target is going to require workers to wear masks only encourage them for shoppers, meanwhile, louisiana, san francisco reinstating indoor mask mandates here in new york city we are only recommending them for residents. starting in september, anyone
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who wants to get the sweat on equinox soulcycle show approve of vaccination just one to enter employees have also to show vaccinated. >> democratic social spending congressional republican study committee accusing democrats using senate bipartisan infrastructure bill to sneak their radical agenda through congress pointing out only one in 10 billion of one trillion-dollar package will actually go to traditional infrastructure. democrats trying to tie fate to the 3.5 trillion-dollar spending bill they set on passing using reconciliation meaning no republicans will be involved biden administration says migration will be turned away at southern border while covid cases surge after cdc, policy title 42 accomplished under trump administration, the department of homeland security, said title 4 is not image authority but public health authority.
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more evidence of border patrol agents overwhelmed will ap reporting 10,000 migrant arrests in july alone 21,000 more than in june. of this year. well the treasury department taking extraard nary murders to avoid the federal borrowing limits after two year spending of debt ceiling expired over weekend secretary janet yellen announcing suspending reinvestment by a number of retirement funds for civil servants postal workers calling on congress to school district before federal government runs out of money cbo wants that to happen as early as october. and, finally, new this morning, gymnast simone biles coincidence bronze at tokyo olympics this is biles' only inventory bowed out of team men's to focus on mental health after a case of twist yes as they call in it gymnastics not favored to win
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before the games even began dagen headlines. dagen: loving track and field cheryl. cheryl: me, too i know i am a runner we are both. dagen: a i know i go fore a run and like -- see? i -- well i am overconfident lined up like i weighed 1200 pounds with muscle, that they've got, i love it -- >> i am envious i gawk thank you so much look at markets futures steady, this morning, really to the plus side big time particularly on dow futures this federal reserve signaled might ease up are they on bond-buying programming joining me janie montgomery chief investment mark luschini. >> you say the upcoming will be key factor in federal reserve policies decision. >> dagen i think this next
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several obviously, fed is going to be scheduled, germany powell speaking at upcoming jackson hole confab then another fed meeting in september. last -- fed meeting the discussion occurred around when they may begin to reduce the bond-buying regime said that they have made progress, quote/unquote toward their philment of maximum employment goal that is important because what they did preface the word progress was with the word substantial. which is what they said as equalfier making the progress they feel sufficient to begin reducing bond-buying before ultimately on course of raising interest rates so i think what we're likely to see is them accumulate the data over next couple months starting with the jobs' report if we continue to see the kind of migration, in the job
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creation, helping draw down unemployment rate sufficiently fast to suggest there -- on the glidepath toward the full employment mandate probably positive below 4 1/2% perhaps end of this year early next i think the process likely they begin to reduce bond plying prapg later this year more likely after the first of next. dagen: nancy ten gler jump in here. nancy: yeah, mark i am curious, you know investors we always talked about what bond market is signaling, but how much of that is -- a muted by purchases in your view are we getting clear signals from the bond market. >> great question one of debate quite sometime you wonder who what degree bond market given a frontal lobotomy you said the is that willing mechanism you refer to is used by investors as bond
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market being smarter than stock market, sniffing out economic activity or distress in advance of equity market i don't want to say we want to disrupt the signal at this juncture we know last time we had inverse in the yield curve a couple years ago did precede the pandemic, and i am not sure that is necessarily preparing the market for that per se but it was evident a slowdown started to detect before the actual pandemic broke out in earnest march last year i think we have to treat with a grain of salt but at the same time acknowledge the fact as we see yield drift down below 120, right now japanese government bond hit lowest level we've seen since june of 2020. indicative of the fact perhaps not so much that we're -- in a regulation or one in intermediate future but
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perhaps we've seen peak in global growth this is a case of a decelerating economic period investors are seeing peak nation, and peak growth coming together in the form of lower bond yields. dagen: jay powell's term up i believe february, surely pressure on him to keep the spigot wide open the central bank kind of has excuse at the moment with delta variant and kind of freak out in washington among politicians among those in the white house about the spreading delta variant. that being said, there is a front-page article mark in the "the wall street journal," about how chairman powell's approach to regulation has drawn criticism from some progressive democrats, namely senators elizabeth warren and then brown, and i wonder it becomes unanswerable question if you will, but how much of jay powell wanting to stay in that job influences what
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federal reserve does between now and moving into next year. >> i think you hit the nail on the head in terms of of being unanswerable certainly not going to play their card on that front but we know, that -- any bit of helm head of the federal reserve is going to boast independence as important exceedingly so, having said that, we know that at the same time human beings, in some cases maybe, a political animal as a consequence of that must have some sense how go, going to play into whether to re-up next february or perhaps president biden may nominate somebody else who would carry on what would obviously, be thank you current hill accommodative monetary political at the same time being a wees to calls for the stiffer regulation on financial services industry. >> as "the wall street journal" he referred to they
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referred to jay powell, jay powell led federal reserve, the most reckless monetary policy since -- anybody a nerd like me knows a huge insult, mark luschini thank you so much good to see you. >> thank you. >> much more ahead this morning coming up heing apprehensions highest level in decades more migration in every day former acting ice drshg homman, on the deep ink crisis don't miss a moment of it you are watching "mornings with maria" live on fox business. . ♪♪ . up here, success depends on the choices you make. but i know i've got this.
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director director director.
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. . cd announcing will extend title 43 at the border a president trump era policy that peblgs migration to prevent spread of covid-19 this amid a report that members will no longer accept families he apprehended at border fox news reporting local border stations in mcallen, texas are running at 585% over capacity. this weekend, there were reportedly more than 8,000 migrant praefrpgs in the rio grande valley alone 3,000 in a 4-hour period joining me former acting director u.s. immigration customs enforcement fox news contributor tom homan starting with with title 42 extension has biden administration 2 people in government been using this as its as designed in terms of the deportation of illegal immigrants in this country to protect the people
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who are here illegally from covid-19 spreading? >> -- >> looel. >> absolutely not you look at data 80% of family units that come to the border 80%, are still released in u.s. regardless all uacs hahn% released in the united states, the children, vast majority, 15, 17 year olds most families being relief most children being released title 42 not used as way trump administration used it to say we will continue title 42 has very little effect on border numbers this month you have to look at 200,000 even with title 43 this administration is not using title 42 the way it is meant to be used. >> this is a con job extending it do you think? i am not i don't want to be not trying to be flippant, but, again, why extend it? is it just to like shut people up? >> yeah they want to show look i have been on air for months,
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show me one thing this administration has done to slow the flow, so they throw this out look we are going to extend title 43 knowing 42 knowing no impact, do quick being repatriation central america, don't qualify for asylum they fail to tell you all asylum you claim asylum you can't be moved by law so -- like it was addressing this, when truth comes out it means nothing. they may fool american public can't fool men and women like me know how this works knows what the law says. >> what happens, in the united states you just have this -- poorest porouswide open border illegal immigrants coming into united states put on buses sent far and wide, we don't have any idea in terms of who is who has covid who doesn't,
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it is not only -- a humanitarian problem also financial economic one for all communities, these aren't just border towns anymore. >> at least are people we know being released we know people released with covid what is really scary numbers increase every month say past month over 200,000 means more agents are pulled off the line, to deal with this crisis, means more -- we already estimate over 300,000 got aways since biden became president 300,000 people were around the yvrtd how they got that number drop tranching foot tranching over 300,000 gotaways who are they how many gang members how many bringing fentanyl across the country over 90,000 febt overdoses in this country border less protected vulnerable as it is now not on the line that is cartels move
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drugs across that are killing americans. >> jump in this is a national security crisis as well humanitarian, economic, we don't know who is here, as mentioned this is essentially "catch and release" females are being released back into the interior of the can you be in middle 6 pandemic, but coming from other countries as well not just members this is something that immediate made a big deal about, during the trump administration, saying this is humanitarian crisis, that the way trump administration was treating these people at the border was terrible now we're seeing numbers much higher than what we saw during trump administration if you want to look at root causes, it is the biden administration's policies, are incentivizing, humanitarian national security economic problem. will the. dagen: tom, on rebecca's neither -- when the border state governors are trying to act, i point to what governor abbott has done in texas you have federal government going after him he is trying to --
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crack down on the transportation. of these illegal migrants in his fascinate does he not have control over that it clearly looks like biden administration is going to intervene when governors are trying to run their own states what can governors do these mayors not just in texas and new mexico and arizona, but really far and wide in the country. >> first of all governor abbott us is doing exactly what he should be doing protect citizens of texas protecting citizens entire nation 95% of people across the border in texas not staying in ts going all over the country with covid drugs come across all over the country if someone dies overdose death in ohio guaranteed that fentanyl came across the border in this crisis, what they are need to do what i am doing involved with several texas lawsuits florida lawsuit, arizona lawsuit we got to sue biden
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administration not only ignoring federal law, they are breaking federal law we got to take them to the courts, we can't wait for 2022 to take back the house, we got to sue this administration, because they are violating the law i know the law i have been involved with this over 34 years a, they are violating federal law ignoring federal law president biden ignoring humiliates to o noef laws in this country secure this nation we've got to hold them accountable. >> sanctuary cities run bib liberals, there is no immigration law the way it looks. will the. >> well too at the same time, house appropriations bill coming here they gutsdz interior enforcement not only opened border up at a time when there is unprecedented crisis numbers like never seen in almost a quarter century you want more enforcement officers to find 300,000
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remove them to remove people immigration court 90% releaseding are going to immigration court no one is out there to find them remove them because they are gutted in interior, again not mismanagement this is by design this is open borders, productive left is emboldened going to shut down enforcement on border shut down immigration enforcement in interior futuru democrats at no compost keep pushing their agenda until somebody stops them. >> anybody boys biden and company number one prior to the is fighting covid bringing this country back to life they arelying. tom homan good to see you my friends thank you so much we will see you soon. >> thanks for having me. >> president obama's birthday bash 500 people on martha's vineyard what about covid? the white house's response to that gigantic guest list next simone biles back in have the action the performance in
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tokyo on the beam. we will tell you about it. .
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setting wrong capital about how serious covid-19 is hosting a big birthday party with hundreds of people this week being. >> according to all public reporting, outdoors, and in a moderate -- >> president obama birthday party might become a superspraerd. >> i think peter guidance is what steps people can make in public settings indoor settings specifically with new guidance to keep themselves and others safe. >> that was white house press secretary jen psaki defending president obama's upcoming birthday party, okay this isn't even a gathering of 100 people the reports are that is
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500 person guest list, 200 additional people needed to work the event. the bash has drawn controversy amid rising cases close to where breakthrough cases were led craigslist to rereimpose what do you make of this if you think in summer you are having a party for that many fancy people, not having a tent, then you are crazy going to be got to be tented again choppers flying over, that is now of -- messing up ladyy's hair you know, flying everywhere you know under a tent. >> well, i will say gavin newsom french laundry that is my response. look, i think wonderfully the
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president is having celebration, and is it one i would like to go but the fact is hypocrisy again answer the question jen say yes there is risk or, the precautions that are being taken, the nonanswers, and the let them eat cake mentality of many on this issue bothers people talking about it all morning happy birthday president obama. dagen: exactly, on this note, the "new york post," by the way, "new york post" put it on cover today it is my party and i will -- if i want to if you can see it got to love the "new york post" -- closed individual in here saying, his birthday party is insane, says a caterer bash a nightmare to pull off this time of year on this tiny island, especially due to lack of labor, because of covid.
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what is he thinking? isn't somebody in the president first lady's former president orbit saying hey 500 people too many looks bad might be bad like super spreader. >> i will say mr. president obama is leading the way out of this pandemic let's do what he goes get outside have big parties keep masks off shoulder i am mother of five young children wanted them running around, this summer, in the fall during sports activities without masks, so if he is going to be doing it has access to all data like we do we can see all reports let's follow his example and get outside have big parties, so -- >> on that note if president obama saying that joe biden's administration cdc, guidelines that they don't know what they're doing is if? that they are wrong? that he is like go ahead live your life have a 500 person
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party let's get down; right? maybe. >> you are really down to twopgs here either you see data you think a risk you are going to do it anyway, which i don't think going on or you see all data we see the reports you say okay, that a vaccinated people we are outside move tarred not live in fear. dagen: that is me, i had covid i am vaccinationed i am vaxxedup if somebody tells me put on a mask in establishment i will but other than that -- you can stick my mask where the sun doesn't shine coming up a bombshell discovery about you origins of covid-19 arizona congressman andy biggs weighs in on the house's new report that is ahead. . ♪ ♪
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. cheryl: cheryl casone here chicago, having one of most violent years, 461 shooting incidents in july alone 614 victims, that out paces 2020 nearly 50 people shot just this past weekend. all of this as portland police department is struggling to find officers willing to serve on new resurrected unit, dismantled at height of blam blam ernst & young. >> paying, federal prosecutors were investigating accounting offer over allegations rigged
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competition to help ernst & young win a contract. >> a camping rally in alabama date same has state republican party will hold meeting in the same city, president trump made a return to the rally circuit at the start of the summer, finally, goldman sachs, an increase in have pay, second year analysts will make 125,000 dollars in compensation while first year earn 150,000 dollars increased comes as younger banks complaindz about inhumane working hours say they reported at least 100 hours on clock a week, jpmorgan, citi have increased salaries that is just salaries doesn't include bonuses, justifys 100 dollar week gentleman i do not
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feel sorry not one wounz not yesterday not today not tomorrow thank you bombshell investigation into origins of covid-19 house republicans shedding new light on what is being caulding the greatest cover-up of all time, house foreign favors since a they've gathered enough evidence to approve deadly virus leaked from wuhan institute of virology maria has been reporting since early last year shows scientists working on jetically modified coronaviruss requested major repairs to air disinfection waste treatment systems months before pandemic broke out joining me arizona congressman jerry committee member andy biggest congressman what do you make of this report? what are you going to do about it. >> first of all, dagen it is consistent with what many of us have believed for quite sometime. and so, i was pleased that representative mccaul came out
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with his report for good team on it give us a lot of rationale to support the conclusions that many of us had made so what needs to happen this is important, is we have to find a way to hold china accountable, and so we have to weave asked they've asked for sanctions i think the right move, asked for sanctions against scientists working at wuhan institute virology that let this happen you have an individual who is -- providing or actual funneling funds for the u.s. in there were participating looks like cover-up we need that individual peter daszak before congress finds out what happened, we need to get to bottom of how that money was a going out, i mean dr. fauci has denied money was going to wuhan institute of virology quite sometime we need to get to bottom of that bring fauci make him answer those questions he doesn't want to
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answer those questions he denies that we found dilutions evidence that condicts what he says. >> what about getting democrats across the aisle to do same. >> have not shown that they agreed to participate they are interested in spending trillions of dollars that is on infrastructure projects have not shown any inclination to get to this all because of political purposes they don't they don't want donald trump to be right when he said this was a leak a year ago. >> it was something that was maria started talking about, at the very beginning of the pandemic last year. that an article that was in "new york post" was censured by facebook to even discuss a leak from the wuhan virology institute, rebecca get in
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here. >> i would consider this congressional report dagen most thoroughtative report to at a time probably even more helpful, than what the biden administration report whenever it comes out about pandemic because democrats again democrats, have not wanted not that they didn't want to give donald trump credit it is they wanted to keep focus on donald trump, for being to blame for the effects of this pandemic. when we know that the behavior of the chinese communist party after the outbreak, led to an increased global numbers of deaths of worldwide so we have enough information at this point to the travel chinese communist party allowed to come outside of their country, all of that exporting the virus we can hold the chinese communist party accountable, and the congressman is absolutely right dr. fauci
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must also be hymn accountable answer what he knows about gain of function research when united states is continuing this, and other authoritarian countries. >> would it require republicans retakeing the house in order for this to happen in midterms. >> right now democrats the thrown down every stick they could, this report of investigation was in all republican affair because democrats didn't want to participate we have to get house back to proceed forward try to hold ccp accountable. >> i mentioned spending going on members of your party got onboard with that 1.2 trillion-dollar in infrastructure spending. , of course, some of this is being repurposed from unspent covid relief money but a congressional republican study committee blasting nearly 3,000 page deal calling it a trojan horse for democratic
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social spending are members of your party over in the senate at least some of them part of the problem congressman? >> yeah, unfortunately you have to say that is it. sometimes the republicans think if we go, if you spend a little bit less or quite a bit less in this case still spend ton of money you are making progress this isn't progress dagen you have less than 10% of this bill for infrastructure projects. its going to the for a host of other things, including, by the way, new transition centers to make illegal immigration move more efficiently into our country, and throughout the interior so you have all of that going on. a lot of social engineering being done in this program. and it is so big, that nobody is going to read it before they vote on it i guarantee you it is just it is you, too, big. dagen: you got 50 billion in mass transit funding unspent
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from the pandemic relief program. 3wu7 but you want another 90 billion? just utter insanity kind of what americans have come to expect from the washington, no offense but in terms of the illegal migrant surge across our border, with the title 42 being held in place but does that make any difference if this administration does not enforce this rules of the road so to speak? >> you know really not going to do much right now, for a couple reasons first of all, the biden administration has already modified title 42 in its makes of an replyification because of what they've done the incentives they brought the flood across northern mexico has been so big that mexico is now saying hey, we can't take them back either, so -- it is huge problem case mexico is not going to gaming
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in that as much as they did under previous administration under president trump's administration the reason being that this is a total sham because we've been incentivized through bidened policies people that come across pushing 200,000 encounters this month, so that is just the way that is going, they have got to stop all other incentives that is why, secretary mayorkas in my opinion long overdue his policies have just deliberately opened up this border in a pandemic no less. >> what do you -- what are your plans for secretary mayorkas? impeachment? >> yes. i think he needs to be impeached we drafted a resolution to my office, and we have to prepare it get readying to forward hopefully, enough democrats will understand that it is mayorkas's policy so even though bipartisanship for sure, they need to cross the aisle and vote for his impeachment because he needs
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to go you need somebody is that real wants to enforce our border security. dagen: border security national security, the safety of you know people's health in this country economic financial security you name it congressman thank you. >> veering in on big tech censorship, we're on it next. . heartbeat, it's more. it's dignity. the freedom to go where you want, knowing your doctor can watch over your heart. ♪♪ experience our advance standards safety technology on a full line of vehicles. at the lexus golden opportunity sales event. get 1.9% apr financing on the 2021 rx 350. experience amazing at your lexus dealer.
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r 3 pendencying a new "the wall street journal" op-ed discussing free speech and corporate responsibility says company embraces what she calls messiness of internet saying shipping everything controversial could silence important voices this is just a few days after banning sky news australia's youtube cheenl for short period of time claiming it violated policies over covid information, joining me now disruptive tech research founder achieve analyst lou. sky news australia said just a discussion, of say mask effectiveness and much of what was removed from youtube was from last year so -- again, she can't walk the talk on
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freedom of expression. >> this ban block swendz on whim infuriating this is a pr move topin op-ed try to justify what she has done we talked about it earlier you were talking about hey back in day trying to find origins of the coronavirus people were trying to suppress alternative ideas here is another thing how do you define misinformation, i think that is the key here, and this trends infuriating we go back 3, 4 years ago, all these platforms were crying hey don't, don't police us we are just a platform we shouldn't have to moderate content, now they are going to opposite end of the spectrum very knee-jerk reactions i think scary we can't trust with personal information how in the hell are we going to trust them being arbiters of free speech i don't see it happening. dagen: i remember when isis was on rise it was a youtube executive i think or google
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executive dismissing that there were videos of beheadings atrocities from isis you could go on isis was using twitter and facebook, and youtube as a recruiting tool. and took them forever to crack down on it. and now like a if conservative has something to say watch out. >> it is scary if controversial misinformation i think there is the big tech companies are making sxus they can moderate content even in that on as heed youtube ceo confirmed look they made significant investments in machine learning it dropped the viewership rate on violative content however they define that down to less of 20 views out of 10,000 it is there the mechanism the pj look i live and breathe this world the technology exists to
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mod drait true misinformation but to target, censorship that is not okay. >> they blame machines algorithm the technologies i know of cases it was individual working at youtube who was making one-off decisions about there was a quest on one of our shows his account suspended because of a video of an interview he did and they didn't like the banner, it was a banner on the bottom of the screen that was quoting president trump but this individual youtube didn't like it. and his account was suspended. so just -- machines. >> you are right just like what we're hearing with covid if you just put it under cloak of science all is well, but, you know, i taught seminars, at college level for many years one of the things you learned from that that that we should all remember that is
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human nature never changes, so when you give people this much power, and a platform, they think they are a lot smarter than they actually are, and when really the debate of free ideas, is where, where we really should be now folks -- i would also point out you can comment on this i would have -- in my -- on this starting out when i was growing up. it is not o. >> that is censorship you are censuring her don't the do that final word. >> we need regulation, on big tech we can't trust them but we can't aukt swiftly i give credit ceo said over wraigs can have a chilling effect on free speech, we have to have sensible regulation that takes action on congress's part they don't like to make definitive moves we need one to step up do something smart not stupidest, hasty.
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>> great to see you. thank you so much for being here we will see you soon back to the beam simone biles stuns in tokyo this morning making a buzz, she is. we will tell you about it next. .
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buzz back to beem after withdrawing from all but one competition, gymnast simone biles won 7th medal a bronze on balance beam said she did not want olympics to end -- she is explicit drooibdz why she pulled out team
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competition all-around suffering from what she called twist yes not having mind and body in sync not knowing, which way is up, up from down, which can be result in a catastrophic injury. if you are a gymnast a suspicious disorientation pilots particularly general aviation pilots suffer from incredibly dangerous what do you make of bile's return. >> i think awesome story, you know for full discover my gymnastics career was very short i posted one on the parallel bars -- stop laughing i you loved she addressed it said directly i didn't quit i didn't want to jeopardize the team, it iss incredibly difficult sport i know about balance beem easiest, as you said, earlier it scares the heck out of me i think she -- gets --
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>> real quick. >> you know if you are scared of olympic because americans tried of woke stuff protesting being ungrateful simone biles weigh don't so a see a testament being a great athlete we are proud of her thankful for our medal. >> i am proud of all track and field ladies thank you. we will be right back.4 . ♪ ♪ ♪ .. ♪ ♪ ♪ usaa is made for the safe pilots. for mac. who can come to a stop with barely a bobble.
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