thanks, liz. liz: ashley webster. you got it. >>> a historic win for tesla sending shares of the electric vehicle giant to their highest level in nearly two months. we'll tell you what's super-charging the stock next. charlie gasparino has some scoop there. plus, the ore other star in elon musk's tech universe, oh, yeah, charlie breaks it on ipo chatter and if his latest tweet could put elon back on the sec's radar. closing bell, 28 minutes away. we are till seeing a pretty hot market market. we're slightly off session highs, but the s&p still looking at a record close and, oh, yes, any gain for the nasdaq, that'll do it too for a record close. stay with us. ♪ ♪ talking about saving with geico. but that's the important bit, innit? showing up, saying “hello! fancy a nice chat?” then we talk like two old friends about sticky buns and all the savings you could get by bundling your home and car insurance. but here's the real secret. eye contact. you feel that? we just had a moment. [chuckles] who would've thought

liz claman, another final hour that looks pretty juicy. liz: i know. and it's like a horse us race, but the markets are moving in such a tight range, right, charles? we are looking right now, folks, while off the highs, we're looking at the s&p 500 trying to eke out its fourth straight record, the nasdaq looking at two records in a row. we to have the dow, let's call it a flatline here, still up about 6 points. the record rally comes as president joe biden has just in the past couple minutes made his pitch for trillions in infrastructure spending in wisconsin. talking a look at the lacrosse hybrid, he also checked out a road-paving project. we're going to take you straight to the badger state not only for a live report, but also we'll take a look at the stocks that could run higher on any kind of infrastructure spending. plus, we will speak with the man who convinced the world's biggest chipmaker to set up shop not in its home country, but in arizona. former state department official and docusign ceo keith crock is here exclusively on the semiconductor

liz: yeah. well, so enjoy let's call it investor puberty, growing up a little bit, right in i totally agree with what you're saying, scott. sarge, you think equities are absolutely the place investors should be, but where? >> well, the pressure yield curve for a second, either the bond market dodged second is half market growth or accepts that inflation is transitory, or the bond market is simply flooded with foreign money seeking real yield. if you take that the way it is and if these knuckleheads at the fed are going to go ahead and keep buying $40 million worth of mortgage-backed securities every month, then the strength of the dollar is transitory. you need one foot on each side of the established sales growth specter and the potential economic/inflation growth specter. is so what i do is create a 3 to 1 hedge where i've pitted salesforce and service now against the three plays that are getting absolutely killed, alcoa, free port freeport-mcmord southern copper. i'm long all five names in th

liz: yeah. you know, and i would say i'm not sure it is as transitory as maybe you and the federal reserve believe or as we call it sort of very short-term inflation. but let me get to ed. ed, what is the trade in this atmosphere when a fed member who doesn't even vote comes out and basically restates what was said two days ago, and the markets look to spasm, or am i right to point out that today's quadruple butching, and we now have this huge, very powerful voting bloc, if you will -- they say the market is a gigantic voting machine. these reddit crowd members or the wall street bets team are really getting into it. >> i think you make a great point, liz. the market really is a vast voting mechanism, and millions are voting every day. and the vote was very one-sided a few days ago that we didn't have to worry at all about the fed, and it was all about reopening. and now some people are changing their vote, and they're saying that maybe we do need to think about the fed. so you've seen long-term

liz? liz: yeah, hillary, and if you're looking at the ticker, folks, you see that the markets are not spooked at the moment. in fact, we're seeing that the markets are gaining traction in this final hour. the dow is very close to session highs which would be a gain of 105 points. we are up 104 at the moment. s&p better by 23, the nasdaq up 91. let's get to our market experts to figure out what people are doing, what this should be buying. phil camp rely is jpmorgan asset management managing director along with trader tom hayes. you know, gentlemen, a major concern has been brought up by the committee throughout the hearing so far, this question of whether the true employment and unemployment rates still remain very high. while powell says he suspects the labor supply and job creation will move up the rest of the year, let's talk about the overall impact on the recovery even as we see that, i mean, as you look at this, you say to yourself, phil, the s&p s&p's within 1% of a record high. >>

liz? liz: okay. all right we're watching it yeah , it's just this domino effect with the chip shortages unbelievable. grady thank you for opening a window into the restaurant side of it. we got a new warning from one of business' top cybersecurity experts who says a rapid advancement in technology usage during the pandemic has left every company, big and small, with one particularly huge gaping hole. we're going to ask the ceo of silicon valley ip security company, z-scaler what he thinks businesses need to do to close that hole, and wait until you see his stock performance. it's a fox business exclusive. closing bell we're about 27.5 minutes away from hearing it we got the dow up 590 climbing back up. remember session highs, a gain of 618. we're coming right back. ♪ i wish that i knew what i know now ♪ ♪ when i was young... ♪ you need a financial plan that fits the way you want to live in retirement. a plan that can help grow and protect your money - now or in the future. with an annuity in

liz: you got it. now, as if amc shares needed more rocket fuel, now the company awaits an important invitation, potent are into the russel 1000. charlie gasparino at it again with the reddit room rebels what's really behind amc's blockbuster moves today, maybe tomorrow, and what happens after that. charlie is about to break some important news here, closing bell in 17 minutes we are coming right back, don't go away. shingles? oh... you mean bill. he's been a real pain. again with the bill... what? it looks like a face. ...hearing about it 24/7 is painful enough... i don't want to catch it. well, you can't catch shingles, but the virus that causes it may already be inside you. does that mean bill might have company? - stop. you know shingles can be prevented. shingles can be whaaaaat? yeah prevented. you can get vaccinated. oh, so... i guess it's just you, me and bill then. i'm making my appointment. bill's all yours... 50 years or older? get vaccinated for shingles today. this isn't just freight. thes

liz claman. liz: i love the stories especially going into a friday charles, good inspirational stuff thank you we have final our course that could kick the dow and s&p into record closes asthma markets session highs just seconds ago, the dow needs 200 points and he 39 to do the trick. rate hikes after today's mass and we are up winners 69 for the dow and the s&p is up 36 but the nasdaq is the big percentage winner of one and a half percent or hundred and 96 points in today's rally comes as president vladimir putin of russia makes it inflammatory remarks thing out economic forms in st. petersburg claiming americans are trying to hold back russia's progress in color relations with the u.s. and extremely low level. we will speak exclusively to the man known as prudence baker, chairman andre, he knows prudence intimately so we are going to ask him how he believes that putting will approach the coming putting biden meeting and winter he thinks the u.s. russia are already engaged in a full-fledged cybe

liz it's up to you. liz: oh, boy, i know. look at this , what a crazy volatile session its been, markets right now in the red the dow just turned negative again on wall street, at this hour, moments ago, we are putting five day winning streaks in jeopardy with these numbers, dow is down 24, s&p down 15, the nasdaq flagging 136 points to the downside but the meme stock mania is still going full force, as we enter this final hour of trade, amc charging back after falling 33% earlier in the session. the reddit levels taking the shirts off the backs of the wall street this week, yes it's still down but just by three points right now. we've got our floor show traders getting in front of the cameras to ask whether the short seller trade is dead. new york transit systems the latest victim of foreign hack attacks. we're going to take you straight to capitol hill live to find out what the country's national security experts are telling the business world, here in the u.s. , we're talking about big and small corporations, how to keep t

liz: i know you can. down about 21 points we had been higher, the nasdaq trying to close out a second record session in a row, it's there, any gain will do it but the dow and the s&p starting to struggle just a bit here. a new survey revealing investor anxiety is starting to percolate we're about to show you investo- pedia's exclusive poll which also shows how to profit off inflation angst. did we hit bitcoin bottom? you can see it jumping $839. the original cryptocurrency giving investors heartburn yesterday, as it plunged below $30,000. does today's move higher leave losses in the rear view mirror? and what's up with the hot new token known as baby ether? the ceo of crypto exchange krack en is here at fox business exclusive with his assessment of what's really going on, and sports betters are singing oh, canada as our neighbor to the north green lights single sports wagering. the ceo who pushed really hard for this , the scores john levy is here to tell us why he thinks canada's new law could be a winni

liz: thank you very much. bubba horowitz, todd it's great to see you thank you very much on this friday, and folks, it has been a wild week, but this market defies gravity, again we are seeing dow up triple digits looks like a gain around 243 points. >> [closing bell ringing] maria: the s&p will close at the second record in a row. that'll do it for the "claman countdown", we've got meme stock s and larry kudlow is coming up next. larry: hello, everyone. welcome to kudlow, i'm larry kudlow. so, we begin tonight, what did they know and when did they know it? the they in this case, is the five republicans who participated in the final bipartisan infrastructure session with president joe biden , and it sure looks like they were double crossed. a classic bait and switch. the victim of a big lie in full public view. by all accounts, the idea of linking a hard infrastru

liz? well he's 83 years old. he is well past his prime and this be more than a black eye, i think, with respect to his reputation, so we'll have to kind of see how it goes even if he would consider making that kind of play. liz? liz: yeah, you know, the world is well-aware, certainly in hollywood, of all of the networks that passed on the cosby show which then became a jug errant for nbc, but now, we'll be watching this very closely, and i'm not sure he wants to go to the public eye either but once again as jackie has just reported, bill cosby, stunningly, in an a big surprise , released from prison, this cannot be retried. he is free. all right, slack in salesforce huddling up but the big question is now when will that multi-billion dollar merger go through? slack ceo stuart butterfield is here. i'll ask him that, and how his brand new products unveiled just today aim to eliminate, not just zoom, but maybe clubhouse too. at least the working form of it that's just a start of what slack is

liz: so what is the strategy? >> i think you saw it on display where president biden said we've given him this list, he can't possibly do the critical infrastructure in 16 areas of critical infrastructure because we are going to respond in the response was left blank and when he was asked follow-up, he said if russia does, russia is going to have diminished respect. russia does he care about that and at the same time president biden left open russian hacking attacks on industries 17 to 20 on up so i think the endgame, i don't know. in hopes that maybe somehow they get a deal with russia. it's absolutely the wrong approach as we have learned decade after decade. liz: cyber security experts say president biden put a bull's-eye on 60 infrastructure entities. he said there off-limits to russia cyber attacks, does it give the russians the green light to target that? we got sanders jim langford, ted cruz and lisa everything is off limits in america, were not supposed to cyber attack anything, should that be the message?

liz? liz: over and over again. talking infrastructure, let's see if we can get some action thank you very much, blake. fintech flexing its muscle into the close, ledgends online shopping lender making bank of america a believer. bac upgrading a firm shares to a buy saying its growth prospects are under valued. well that's enough for a 2% jump in the stock to $62.09. also, this as sof i'm unleashes a new spac attack on the public markets from giving the non-wall street crowd a chance to invest in ipo's to the enormous breadth , jamie dimon says, fintech super stars are unleash ing against the biggest names like his in finance. we've got the sofi ceo, anthony nodo about it all live next, closing bell ringing in 45 minutes we're just beginning to rock and roll. nobody builds 5g like verizon builds 5g because we're the engineers who built the most reliable network in america. thousands of smarter towers, with the 5g coverage you need. broader spectrum for faster 5g speeds. next-generation servers with superior network

liz: okay. but you're talking about how inflation is going higher and that yellen and of course powell are acting like pinocchio, correct? , if you feel that they don't see it or not be honest about it? >> yeah. i mean your previous guest was talking about asset price inflation. you see it in the equities. you see it in tech company, private tech company valuations. you see it all over the place when you look at asset price inflation. recently you have reports that the cpi, the consumer price index might be around 5% in the past month but you have to understand that those numbers, what's happening in the supply chain is happening three, six months, or longer in advance, right? liz: got it. >> what i'm seeing, what my company does, supply chain is not easing up any bit when it comes to inflation pressures. [closing bell rings] >> if anything what you're seeing in the cpi -- liz: alex, there we go request inflation. dow down 266. big day in the market. ♪. larry: hello, everyone, welcome to "kudl

>> everything is inconsistent liz. for him to say if you criticize me you are criticizing -- science. that's like me telling people if you criticize a member of congress or the president that means you are criticizing the constitution. give me a break dr. fauci. >> the most overpaid federal -- who makes more money than the present united states and he's never gotten anything right. he said you should wear a mask and you should wear masks and he says the virus came from some kind of crazy animal in china and now came from a lab. the most inconsistent advice we have gotten from the most overpaid federal employee. liz: the thing is that the masks he could have just said two americans listen we need to conserve for hospital workers and instead he saying we don't need them. behind the scenes he sang i said that because i want to conserve mask for hospital workers. why outsource to china and the u.s. plaza funding in 2014? he admits later on he wasn't monitoring it so why even outsource this dangerous chinese lab to make vir

liz? liz: interrupt us if anything happens. listen hope springs eternal that we might get some action theory is, thank you so much, blake. fubo tv going for gold into the close here, take a look at shares. we do have them up 17% right now , as the company moves closer to, are you ready for this , offering sports betting right through your television set. the streamers dashboards now features chances to win a free subscription to its service. also, on the verge of victory, the philadelphia 76ers. they're one win away from advancing to the second round of the nba playoffs. standing by, 76ers ceo scot o'neill about to open his play book on his team's post-pandemic performance an reveal his tips for finding success in the very difficult business landscape right now. closing bell ringing in 42 minutes, we are coming right back, don't go away. 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 netwo

liz? liz: yeah, and we're looking at air conditioner retailers, they are mostly higher, pool corporations, folks, up 1/3 of a percent but it has been on a terror i don't know if we can show pool for year-over-year but we talked about that in the morning meeting and let me just pull this up because i've got to tell you its been pretty impressive to see a company that does pool equipment and pool building very nice move year-to-date and we're talking about a gain of 74% year-over-year, and maybe we can show generac too, because we've discussed that, of course maker of the big generators are seeing a nice moved to it is higher by 3.5%, and let me just quickly tell you what it's doing up 236% year-over-year, up 80% year-to-date so there are ways, of course to profit off a very hot time, lots of stocks and of course the utilities as well. grady trimble thank you very much. riding meme stock mania right into the russel 2000, and we talk the reddit room and what today's entry into the russel will

and what i'm a little worried about into the fall is that if liz is right -- liz, i know you are right a lot. but if liz is right and it's not transitory -- have a drink -- instead we're going to see a lot of the tech names start to come off and a lot of those other names start to outperform. and that's not going to be a low vix at that point, scott that will be a much higher vix that we'll be looking at in the fall if that plays out to liz's playbook. >> well, you know, liz, tom lee, since we were speaking of him is a still a proponent of his epicenter stocks he coined that we'll give him credit on that. bank of america says it's okay to still by buy value. but they downgrade the industrials. there was i think another negative call today on the industrials. there are people thinking that trade is completely tapped out what do you make of that as a sector to avoid? you could talk specific names within it if you'd like. but if you can't, as a sector. >> yeah, i think industrials it falls into the camp of earnings momentum is there in large cap if we look at just cyclical i'm taking fina

>> i sure hope not, liz. that $6 trillion package, you talk about what would happen with $6 trillion more with inflation? we just i saw this week record inflation since 1979. they spend another $6 trillion, that's a tax on every working class american, and that means it's going to cost more to put food on the table, clothes on their backs and gas in their cars. unacceptable. i hope they can't pass it. elizabeth: congressman jason smith, thank you so much for joining us. we really appreciate it. >>> still ahead, we've got a hot story for you. congressman devin nuÑes is here to help break down a new report that says dr. fauci described a secret meeting, a teleconference phone call in early 2020 with scientists about the origins of the covid-19 virus. did this secret phone call help set a false narrative to shut down the wuhan lab leak theory? that's next on "the evening edit." stay with us. >> look, you don't have to have some fancy degree or be a scientist to look at the facts here. this novel coronavirus did

>> 467% rise in sexual assaults what are we doing here, liz? look, this all flows in my view, from unprosecuted looting, extreme violence over the last 15 or so months, prosecutors, d.a.s, all looked the other way. look, the first amendment says we as citizens ever the united states, we have a right to peaceably assemble and petition government for address of grievances. that is the first amendment. it says peaceably. say this loud and clear for people in the back. the first amendment does not protect rioting. it doesn't protect looting. it does not protect those who do that from prosecution. we must get back to prosecuting violent crime. we must get back to enforcing the laws and not pretending that rioting and looting are simply protesting, liz. elizabeth: it is also, it is also, just out and out violence. the violence is disrupting the biden agenda. the president is going to address a spike higher in violent crime in a speech tomorrow. he will talk about gun ownership, gun violence. minority and immigrant communities say it is because of the

britney cooper, liz. liz, i was thanks to you about this. because i am obsessed with k-pop. the fact that i'm doing this segment on msnbc is full circle. >> you're so excited. >> k-pop is a cultural phenomenon. but it's also a real actor in politics. speak to how bts and k-pop fans broadly have injected themselves into important political moments like that trump rally we saw. and also against the slate of aapi eight crimes we've seen during this pandemic. >> when you are scaring dictators, it's a sign you're doing something probably right. and you're being very effective in the way that you're organizing. not only have a, yes, stirred up to the north korean dictator. in the way as you mention, standing up to trump and organizing really creative ways using tiktok, all kinds of different memes on the internet. they also had the all hashtag all lives matter. hashtag with k-pop. they've been very creative, very effective. like most things that are particularly loved by teenage girls, we really undervalue it. it's worth mentioning there a lot of men who also enjoy k-pop. of cours

i would love to see liz in that position, honestly. outside of that. [laughter] there is a ton of people that can serve. i don't want to name them. i don't know if that will be damaging to their prospects. but there are a lot of people that are able to tell the truth, and at the same time, understand there are multiple parts of the republican party we have to keep together. eugene: it's clear that former president trump is winning the war for the future of the gop. there are people like yourself who say they will do everything they can to stop him. is it too late? is it in vain? it seems like it's a purge rather than a civil war. that phrase has been going on a lot. but it seems like the war is one and trump won. rep. kinzinger: let me use a really dramatic metaphor. you think about the battle of britain, world war ii. it looked like there was a moment where the nazi war machine was unstoppable. i use that as in a war analogy, is the war over? i think there is no doubt trump is winning the war at the moment. i am not convinced the war has been won by h

cheney go, after liz cheney. so it's very acrimonious as far as that goes. but she's remained consistent, one of the few republicans who's not bowed down, acquiesced to president trump, and she's made it clear she's going to keep on this approach, even if it takes her down. >> i have to say to be disgusted by kevinen mccarthy, but to be disgusted and surprised, blind-sided, it gives you a sense of liz cheney's state of mind and kevin mccarthy's state of mind. you've talked about how the former president targeted liz cheney and she talked to david axelrod about concerns, safety concerns of her own. listen. >> i've had a number of members say things to me like we would have voted to impeach, but we were concerned about our security, and i think that in some ways people have glossed over that, but i think that's a very important point to pause and come ten plate, that you have members of the united states house of representatives for whom their personal security, their family security, their concerns affected the wa

they get nothing unless they do something to help. >> does that include liz cheney? because liz cheney is definitely not on the same page. and adam kinzinger. would that include them? >> i don't necessarily see the need to have republicans who spent four years kind of helping trump lie to the country and who at the very last minute were like oh, you know what, all this lying kind of led to insurrection? i don't necessarily think they have a right to be on the committee. i'd be willing to if you wanted to throw liz cheney on as a way to be nice, then she's willing to actually go on tv and tell the truth, i'd be willing to entertain that. but again, the starting position should be nothing and then republicans have to earn their way on through good deeds, which perhaps we can agree liz cheney has earned. >> let's go to you, susan, i'll bring you in on that. i want to get your comments on that and your response to it because it is a fair point to say that liz cheney voted with donald trump like 90% of the time. she broke with him on this one thing. but do you think that

we're going to turn it to liz rikers of gm corporation. i actually laughed out loud when i saw it the first time, so is thanks for sharing that with us. [laughter] >> thanks, eric. i'm glad that you enjoyed the -- [inaudible] i'm very excited myself to be able to get an ev hummer sometime soon. madam secretary, it's so great to hear from if you today. and as eric said, you were such a strong governor and already making such a strong difference at commerce. my question is as it relates to the semiconductor crisis that's having a serious impact particularly on the auto industry and causing unfortunate rolling plant shutdowns across all of the americas and all automakers. this is starting to look like it will extend into 2022. the focus that you and president biden have already put on it is deeply appreciated, and i wonder if you could just comment on what you see is next steps to mitigate the worst for the economy. >> thank you for the question. first of all, i can assure you that i begin and end my day every day thinking about this issue. t

it's fascinating liz. >> that's so fascinating. although just hearing about an ocean in antartica makes me cold, sandhya. >> yeah i can understand why, liz and ama. buts that very cool stuff. it is also cool here in the bay area. temperatures well below average. if you stepped out you know exactly what i'm talking about. i want to show you doppler 7 because we have this trough that's deepening off our coastline and it has been driving the winds in. also with the gusty winds, lowering humidity red flag warnings up for the eastern sierra and most of nevada as you will notice until 11:00 tonight going back up again tomorrow from12:00 to 11:00 p.m. just so dry across the state with the drought and the windy conditions. so that's something that is concerning. here in the bay area, gusty in nevado, we're seeing that wind around napa as well. 30-miles-an-hour, 25 in fairfield. 24 in san mateo. the good news is, you do get some good air quality to enjoy the next three days. most areas will be in the good category. one spot coast and centra

liz cheney is speak out in rare form. you don't want to miss her latest volley against the ant semites and bigots taking up residence in her party. and the battle against the big election lie, arizona secretary of state katie hobbs joins me and the senate sergeant at arms worries about more than another capitol insurrection, "velshi" starts now. >>> good morning, i'm ali velshi. it is sunday, june 26th. donald trump's big election lie led a violent mob to attack the u.s. capitol five months ago today. the goal of the insurrectionist was to overturn the results of the 2020 election. they did not succeed that day five months ago. but they are still trying. the pro-trump extremists who stormed the capitol that day chanting "hang mike pence" did not manage to stop the certification of the election results and didn't overthrow the government but trump and his cult like followers are not giving up. they are trying other tactics. he's talking about being reinstated to the presidency because the foam

joe: i got to echo liz. i feel so sorry for the restaurant owners that they can't fill the spots, they have to resort to this. it's not the restaurant's fault, to liz's point. i know one restaurant where a buddy of mine owns it and he has to wait tables while he's running the restaurant as well. he usually likes to cook sometimes. this is what happens when you pay people not to work. in new jersey you can earn $40,000 in unemployment benefits. if the choice is working your butt off for $40,000 or getting $40,000 for free. you see the choices people are making. you see the effect on small businesses. dagen: still ahead, we've got retail sales and producer prices. stay with us. ♪ ♪ we made usaa insurance for veterans like martin. when a hailstorm hit, he needed his insurance to get it done right, right away. usaa. what you're made of, we're made for. usaa ♪ ♪ (upbeat music) usaa. what you're made of, we're made for. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ dagen: good morning. i'm dagen mcdowell for maria barti

maria: let me bring in liz peek, go ahead, liz. liz: good morning. if we have a blow-out job's report, let's say a million jobs are created, what does that do to the thinking of the fed on the timing of winding up its qe, bond-buying market, does it happen sooner because of the big job's number, do you think? >> well, i've been following all of the commentary of the fed officials and some are beginning to hint that they are ready to start thinking about thinking about and -- liz: yeah. >> they have a meeting coming up in a few day's time. it can be on the agenda for the june meeting but i suspect it's a multi-meeting task in order to form a consensus and come up with a plan for tapering. so they may start next week or they may wait till the july meeting. maria: well, look, it's a good question because the central bank has already announced that it will sell off corporate bonds and some exchange trade funds that it acquired last year, dennis. i was surprised that this did not suggest that the tapering was about to begin. i mean, the fed had purchased

liz, what do you think about this? i suppose it depends on how much chocolate you're talking about. >> i think there's probably a limit, dagen. but what they don't mention is that chocolate is full of caffeine so it really doesn't surprise me that eating it in the morning or at night for ma matter might boost your metabolism. i think chocolate is very good for you. quick personal note, i gave up chocolate for lent for 25 years and then realized every march i got sick. i actually think it's because whatever nutrients are in chocolate i was depriving myself and so i don't do that anymore. dagen: good for you. i put cocoa in my coffee in the morning. it's just -- >> that's a good idea. dagen: it's my own mocha. it's because machine coffee isn't so good. the right place at the right time, two young women attending lsu medical school jumped into action when a passenger on their flight had a medical emergency. they calmed the passenger while cooling her down and communicating with a doctor on the ground. the woman is okay an

>> 467% rise in sexual assaults, what are we doing here, liz? look, this all flows, in my view, from the unprosecuted, the rioting and looting and the extreme violence overr the last 15 or so months where government leaders, prosecutors, d.a.s, police chiefs, mayors all seem to look the other way. look, the first amendment says we as citizens of the united states, we have a right to peaceably assemble and to then petition the government for redress of grievances. that's the first amendment. it says peaceably. so met me say this loud and clear for the people in the back, the first amendment does not protect rioting, it doesn't protect looting, and it does not protect those who to that from prosecution. back to prosecuting violent crimes, and we must get back to enforcing the laws and not pretending that rioting and looting are simply protesting, liz. elizabeth: well, it's also, you know, out and out violence. the violence is disrupting the biden agenda. the president is going to address the spike higher in violent crime in his speech tomorrow. he

they start off at $1,000, liz? >> all right, maria, thank you. >>> tonight san jose police are searching for the gunman in a deadly shooting just a block away from the vta rail yard. this one happened just steps from the sheriff's department and police headquarters. chopper 5 was overhead as law enforcement swarmed the area. so far no arrests and no word on a motive, but investigators say it is not related to last week's mass shooting. >>> meanwhile, vta has a new mobile memorial to the nine workers killed in the rampage. the agency wrapped one of its buses with their names and the message vta family forever in our hearts. the bus left a bus yard for the first time today and headed to a private memorial. hours later, there was an emotional tribute at the vta's board meeting. >> there are no words that can be said to express the pain, sorrow and tragedy of this event. i've come to realize over the last eight days that words are not a sufficient medium to really communicate with each other. >> these nine men died whe

it begs the question what witdo we do with this we have liz young with sofi joining us liz, what do we do about all this >> first, you have to look at what actually happened and jay powell's message was the markets shouldn't react to the idea of higher rates, but they already did. the futures are already reacting to that as well today. i never met a market that liked the idea of higher rates or rate moves sooner than expected what the market obviously is going to do is look out in the future and say rates may move before we thought. here is the real message when we expect rates not to move up until the end of 2023 or maybe 2024, i think that was a little naive the economy is not in an emergency situation anymore. as we move through 2021, rates likely stay a zero we get to 2022 and we have organic growth and inflation that finally lifted off the ground we have a job market if we meet the fed projections is healthy i think rates have to go up and before projected this is not bad news >> well, the bond market could do the work forr the fed as they have bond vigilantes, liz we know a jump

liz? >>> let's talk sports now. the cubs and giants meet again this afternoon in a battle of first place teams. chicago faces kevin gausman at oracle park. and the a's are take on the rockets tonight. last night the giants powered their way past the cubs. here is larry beil with the highlights in this morning's sports. >> good morning, everybody. if you could have foreseen that the giants would be winning with lamont wade jr. and bossler making key contributions, how are you getting into the manager's office? ten men come to the plate. steve dugger has found his stroke. alex dickerson, laser, and the giants open up a 6-2 cushion, and they just keep hitting bombs. down the middle. you dig the long install there is more. next man up is lamont wade jr., back to back jacks. giants muscle up in this battle of first place teams to win it 8-5. >>> how about the s and denver? cke. sean murphy. his 6th of the year into the mile high air. altitude is so nice. 2-0 athletics. and then mark hannah makerk han 3-0. college they ge

great to have you on. >> thank you, liz. elizabeth: sure. still ahead the inspector general for health and human services is going to audit nih grants. likely will cover the funding of the wuhan lab and also the funding of gain of function supervirus research. this is dangerous stuff. we're also going to break that down. also the claims by critics that the massive censorship of the virus origins of the press and big tech was part of the campaign to defeat trump by insuring the blame fell on trump and not china. the story next. >> there was a large group of scientists that see this technology at their fingertips and they want to do it and there is an arrogance about it that nothing can go wrong. seemed like a lot of people wanted to squelch any idea there was another hypothesis and i think that is what i find the most disappointing because i would expect that from politicians. i would expect that from governments. i would never expect that from the scientific community. and yet, what we witnessed was the scientific community went on heavy to

, she by any measure far more liberal than liz cheney. he lease stepan-- stefanik by any measure far less reliably supportive of the trump agenda. so why support stefanik over liz cheney. entirely as you know because of one thing. liz cheney will not lie about the election and she won't lie about the insurrection. and that is it. so we're seeing the entire republican party not only say we're all in with trump, most of the republican party and the leadership in the house. not only saying we are all in with trump, they are saying we are all in with his lie. it's not even about trump and his positions or his policies. it is about his lies, we are doubling down on the lie. >> stephen: now you have said, an this made headlines, that you are not interested in interviewing or having somebody on the show who promulgates the lie that the election was a fraud or that the january 6th insurrection was not such. like why-- are you surprised that that made news that you said i'm not interested in those people. >> yeah. i mean to me t is not a policy, r

no question, liz. elizabeth: joe concha, good to see you. come back soon. >>> up next, this fiery debate, did dr. fauci mislead both the house and senate by pushing back against questions saying, no, the nih did not help fund lethal gain of function virus research and more in we've got the details from documents in a new expose on how dr. fauci fought back to stop the push of china's destructive virus research. kentucky representative james comer is next. >> oh, the tangled web of deceit continues to grow around anthony fauci. you know, it's bad enough that there's compelling evidence that he may have lied to the senate committee last month when he testified under oath, but now it appears that he may have lied to a house committee a year ago when he said, gosh, i have no idea why president trump ordered the funding to the wuhan lab be halted. ♪ ♪ we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damag

larry: also, the other thing is, liz, you can't have reconciliation without a budget resolution. they are nowhere near a budget resolution. i don't think they know themselves how to make the trains run on time, but liz peek speculate for me. what if donald trump had made a deal, walked out with a bunch of democratic senators and they all clapped and then he went back in to the oval office and one hour later issues a stern statement, saying no i didn't exactly mean that. we need 3 trillion in tax hikes. i'm not seeing much media coverage outside of the wall street journal editorial page who else is criticizing it besides us? >> no, of course it would have been a very different media reaction. he would have been called duplic ative and back stabbing and everything else. look, larry this is an appalling move on biden's part and i think it could really just tear up all plans from this , in other words if we think that agenda has stalled, i think this is a massive speed bump because not all democrats, by the way, or republicans were even on board with the bipartisan agreement. monica

liz, you own aloha roller rink. you let the county use your roller rink as a vaccination site, a clinic there. did you get anything in return from the county? >> it was not my intent to really get anything in return. they are covering expenses and wanted to help by everyone becoming vaccinated. a few weeks off of the amount of time before we open our businesses. whatever i do to help. >> that's good of you and the other businesses that did that. one more question for you. when are you planning reopening? are you having trouble hiring at your roller rink there? >> right now, the vaccines are still going on until the 28th. we're going to be doing our very best turnaround. and my goal is for us to be able to staff and retrain everybody and get open hopefully by july 1st. >> good. we want to get the roller rink back open. john conway, back to you. you've been in business for a long time. what can you do? how can you come to a coalition together and help this issue about a labor shortage? and like you said, so many of yo

. >> and i'm liz kreutz. you're watching abc 7 news wherever you strestrestrestreste tonight alameda has named gun violence a crisis. the county took a step declaring gun violence a public crisis. lyndsey brinkley explains what that means. >> reporter: three more victims ended up at the hospital. the alameda county sheriff said the gun crimes are getting more brazen this month. over the weekend three deputies were ambushed and shot at on a tkphráesic violence call. on monday. a tv photograph and recorder were held at gunpoint after they interviewed the khraoef of violence prevention. >> the number of weapons that we're recovering each and every day off the street has increased. it's almost probably up are i would have to guess 40% from the previous year. >> reporter: they include powered assault rifles and semi automatic handguns. >> it could be the individuals that aren't there in the community. it could be a number of gangs that are at war right now with one another. >> one of the main reasons is the avail

no question, liz. elizabeth: joe concha, good to see you. come back soon. >>> up next, this fiery debate, did dr. fauci mislead both the house and senate by pushing back against questions saying, no, the nih did not help fund lethal gain of function virus research and more in we've got the details from documents in a new expose on how dr. fauci fought back to stop the push of china's destructive virus research. kentucky representative james comer is next. >> oh, the tangled web of deceit continues to grow around anthony fauci. you know, it's bad enough that there's compelling evidence that he may have lied to the senate committee last month when he testified under oath, but now it appears that he may have lied to a house committee a year ago when he said, gosh, i have no idea why president trump ordered the funding to the wuhan lab be halted. ♪ ♪ nobody builds 5g like verizon builds 5g because we're the engineers who built the most reliable network in america. thousands of engineers on one nationwide mission; to make the best, even bette

but you also have liz cheney's really interesting take on kevin mccarthy. he was in the neighborhood essentially and then listen from her. >> it's at mar-a-lago. or whatever it was he was doing to me. >> so now what? she says what mccarthy did was inexcusable. >> yeah, i mean this is a tough conversation that, you know, a minority of republicans like liz cheney is trying to force. i mean anyone that speaks out against the big election lie gets boo'd. they get censured and pummelled from the party. the ten republicans that supported impeachment the second time around. the trump base is saying you're not welcome anymore, get out. is liz cheney is talking about kevin mccarthy, other republican leaders, how you could look back to january 6th. and then there is the republican party. i mean this is the problem. and also fascinated by the fact that she said a lot of republicans would not support impeachment because they feared for their personal safety. and my question is, through their continued enabling of trump, how are they making things safer for anyone else?

and let me go to liz and ask liz, i know that the recent supplemental appropriations that included ten billion dollars for foreign assistance to address among other things the priorities around the covid-19, but more do we need to do as the united states of america in order to show the better side of america in fighting against back against this pandemic, globally? >> well i think, you know, one thing is important to remember is where the virus came from. and i think that, you know, whether or not we are, you know, in a position where we are able to say that the virus came from the lab in wuhan, where it came from wet markets in wuhan, the extent to which what we do know is that the chinese communist party knew that they had a person to person spread. they knew that was going on. and you could watch the extent to which they stopped travel from wuhan into the rest of china, but allowed traveled from wuhan into the rest of the world. and i think it's very important for us to understand and recognize and agree that that is what happened, that they knew there was transmission that was dead

i don't think liz wants to be in leadership, anymore. because once she won the vote earlier, she continued to press this issue publicly in a way, that was antagonizing the people who were against her and i think you don't have a entitlement to be in leadership. >> seth: think about how sad it is to still be loyal to a guy like trump, after everything he put chris christie through among all the other humiliations christie has suffered, trump once forced him to eat meatloaf at the white house a place where they famously will literally make anything for you. "mr. christie, before you order, we have the most exquisite culinary creations you can imagine from a chef who lives here on the premises." "he'll have the meatloaf bring him a side of ketchup. and christie is still sticking by trump maybe that's what you have to do to keep your job in this republican party in order demonstrate your fealty to trump, you have to lie about the election and eat a giant plate of meatloaf on tv while he insults your wife and your dad and then, for good measu

>> well, that's what it looks like, liz, absolutely. i mean, look, you talked about all of the violence and crime that took place for over a year, the past year, and not only the censorship, there's also the censorship that amazon is doing as well which is unbelievable because they're selling "mein kampf," they sell the quotes of chairman mao, meanwhile they are censoring a documentary is featuring supreme court justice clarence thomas, a man who was born in poverty and is now on the supreme court. he is a story of our country's america exceptionalism, but the snoots at amazon don't see it that way. elizabeth: that's really interesting stuff, the censorship going on here. we didn't hear about that news, thank you for that. they also have items accusing israel of being occupiers. you know, amazon pulled the confederate flag in 2015. the company also even removed the dukes of hazard from its e streaming service due to confederate flag imagery and stopped the sale of even leggings, you know, with hindu gods after complaints. so they do tha

we are thrilled to have liz fowler as our first policy spotlight guest. the policy spotlight series is one of many changes we made at health affairs in the wake of the covid pandemic. the pandemic hit the united states just as we were about to hold an in-person event in conjunction with our march 2020 issue focused on the affordable care act at 10. we canceled that event and all of them since, and as we considered rescheduling it, we thought why not take from what we have learned over the past year and do something different? the result is policy spotlight with a shorter, virtual format that looks forward toward emerging issues. we are grateful to the commonwealth fund and the robert johnson foundation for their support of the original aca at 10 issue and their willingness to work with us as we revised our plans a few times. and i'm thrilled to announce we have more than 1700 people registered for this event and it is being broadcast by c-span. so now, to our event. liz fowler is the newly named deputy administrator of the center for medicare and medicaid

now, as i mentioned, liz fowler's an old friend. we've worked together at various stops, most notably when she was chief health counsel for the senate finance committee and as special assistant to president obama at the national economic council -- [inaudible] most recently she was executive the vice president of the commonwealth fund. she was a contributor to our issue on the 10th anniversary of the aca, and i was a member of the task force that issued recommendations for -- [inaudible] drawing upon a decade of evidence -- i think it's great to end the introduction with where liz began her career which was at cms. of course, bark then it was called the -- back then it was called the health care administration. my colleague was administrator, so, liz, it's great to have you back at cms, and it's great to have you as our first guest. happy to turn it over to you for a few minutes of observation before i ask you some questions. >> thanks for the introduction, alan, and thanks for the opportunity to talk about the biden administration'