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tv   Your World With Neil Cavuto  FOX News  August 12, 2021 1:00pm-2:00pm PDT

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forward. >> thanks, molly. that is "the story" of thursday, august 12,2021. "your world" starts right now. have a great afternoon, everybody. >> neil: all right. about the plans to return to work, a statement from facebook. put it back, a lot. not a week, not two weeks, not a month. not even this year. facebook announcing a short time ago that they're going to delay their in-person return till at least january of next year. following the likes of amazon. that is just for those looking to start next year. there's scores of companies that have indicated an immediate pick up in activity, in-person
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activity as soon as labor day. that is off. wells fargo, cnn, nbc, microsoft, google and apple and lyft and a host of others senting a signal that is widening as we speak that getting back to work in-person isn't going to happen any time soon. welcome, everybody. i'm neil cavuto. this is "your world." we're on top of that and on top of inflation. you probably know better than anyone what it is costing you to buy everything from groceries to well, you name it, gasoline and all of that. inflation as a wholesale front is running at a clip of almost 8% year over year. so you have been seeing wages go up in the vicinity of 4%. the things you want to buy on the wholesale level are double that. what to make of that and the trend that this could be setting with susan li with the latest. hi, susan. >> the wholesale price that
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tells us it's not just consumers. but companies are paying more to make their products. you can bet if companies pay more, consumers pay more. wholesale prices have jumped 8%. the fastest since 2010. that is just a day after consumer prices, what you and i are paying, coming in at 5.4%. the highest rate since 2008. chip shortages, lack of labor and the covid impact on supply chains. that's being blamed for the higher prices that companies are shelling out for numerous items are going up in price, companies and consumers. you have energy prices going up by the most in four months. airline tickets have jumped for consumers. food, coffee and cars russia going up. companies are hiking prices on products that they sell. diapers, clorox wipes, beer
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prices going up because cans and barley costs more. starbucks and washing machines, a spread of the delta variant means that consumers will go out less and take less flights. prices might ease off, something that we've heard from jay powell that said that they anticipated the price increases to be temporary. fox news poll tells us more than 85% of americans are concerned about inflation with 70% of american households seeing grocery prices and grocery price increases are causing hardships in the household. so are gas prices at the pump. you know that americans vote with checkbook issues like the economy and their well-being. >> neil: susan li, thanks very much. we should also point out that as that was indicated spiking, prices, so too are all of the covid cases that are now prompting a number of companies to reassess where they stand and where this economic recovery for a lot of them stands.
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david lee miller following it closely at la guardia airport. david lee? >> neil, as the number of new covid cases continues to increase because of the delta variant, the number of airline passengers is likely to decrease costing the industry millions of dollars. the country's third largest airline, southwest, now says that they're saying already a drop in the number of passengers that are backing flights as well as more cancellations. revised estimates, southwest says they expect revenue to be down 15 to 20% compared to precovid 20219. and for september is more dire. revenue down by 25%. the airline had good news. travel demand for the labor day holiday remains and i quote "healthy." frontier airlines expects their business to be impacted by the virus. they said that they have noted
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softening in bookings that is directly related to the increased covid-19 case numbers associated with the delta variant. >> sandra: economics professor that follows the industry says a small reduction in the business travelers will have a big impact on the airline's bottom line. >> most air travelers in the united states domestically are leisure travelers. most of the profit that an airline makes is from business travel. business travelers are more likely to fly first class because they're more likely the book last minute, which sees higher fares. >> according to the tsa, the number of travelers is traveling down. significantly, it's nowhere near the lows at the height of the pandemic. later this hour we should learn how the virus and the delta variant is affecting the theme park and movie industry when disney reports their quarterly earnings. neil? >> neil: thank you very much,
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david lee on that. this reverberates, the spike in cases and company after company, public institution after public institution even the u.s. health department mandating vaccining for their staff, this is a trend. we've seen the looks of goal, amtrak, walmart, sisco, tyson foods, lyft, new york stock exchange, godman sacks, a host of others no longer asking but demanding that employees be vaccinated or at least in the case of new york stock exchange, you can't step on the trading floor. it's a widening move on the part of companies to get ahead hoff the spike. it does appear to be early on to get more people vaccinated. is it enough? larry glazer is watching closely. this could have an impact on the economy and the marketing themselves. larry, good to have you. this is the center of an open or
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down market, an up or down economy. inflation is one thing. it's a big worry. this whole virus and its stubbornness and the increase in cases, that could upset the whole apple cart, couldn't it? >> look, kneel, there's no doubt that today's recorder setting inflation data is critical. there's major packages that are contributing to the problems and it's no surprise for working families in this country facing rise in costs in food and fuel and everything else. just about everything that they buy daily for months. so they don't need washington's data to tell them what they know. the concern here is what is around the corner. the inability to address the covid concerns, not just in the u.s. but also in china. many businesses we talked to are very concerned about shipping challenges growing to the important holiday season. china is having massive shipping challenges, getting products out that will affect the u.s. consumer. that will increase shipping
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costs, going to be passed to consumers at a time that they're phasing other inflationary concerns. we know today's covid data will put a damper on the business travel, which means profitability for the hospitality sector. we're also concerned about the rest of the economy. think most consumers realize some inflagrants ordinary costs are temporary. we can't expect used car prices to go up. other costs are just getting going. rent costs are going through the roof. it's a critical time. we need more business communities to step forward and the business confidence is starting to lag because they're worried an't the direction the economy is taking. >> neil: it's interesting this idea of clarification, flairs in prices are joined at the hip here. there's other issues like flair up in serious government spending. it's a record f.d.r. new deal on steroids-type levels here. i'm wondering the fact that the
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investment community takes this in stride, most of the time. they are in that camp that says yeah, maybe this will be transitory. inflation spikes tend not to be. doesn't like to be like the 70s but they don't just poof, go away. what are you looking for? >> neil, the initial price increases because of simply disruptions, those may have been temporary. lumber prices went up and came back down. home prices, rent prices going up dramatically. that will be a concern for working families looking for rent. crickets out of washington. what they're getting is a trillion dollar spending package. that's the warm up act for the $3.5 trillion. that will only contribute to more inflationary spending. so the economy is concerned
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about, the bond market they're worried it will lead to slower future growth. in the future, the government spending is going to crowd out the private sector. most consumers in a gallup poll are saying that they're seeing these prices infecting the daily leaves and eating up the stimulus money. that's the concern going forward and it's not going away any time soon. higher prices are here to stay because of spending and supply challenges especially because of covid. >> neil: the supply challenges i can see. and the other challenges, in the middle of a pandemic, the economy was in park. it was stopped. so any activity after that will be on a percentage basis note worthy. so the retail and wholesale inflation numbers, they're from those levels. the administration has been arguing, the federal reserve and other experts have been saying, that is going to peter out, the numbers, the comparisons year
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over year, even month to month will start to stabilize. do you buy that? >> yep. so it's all in the comparisons, neil. someone gave me a book. how do you lie with statistics. i took my son out for chicken wings. we sat at the table. said dot look at the price. there's a 20 purse suburb charge. we call that the glazer chicken wing indicator. a teen knows that it's not good when chicken prices are 20% higher. consumers know what's going on. costs are rising faster than incomes. that's a problem and it's going to be with us for some time and we have to grow the economy and private sector, not rely on government to bail us out here. >> neil: we'll watch closely. one of the things you look for, we haven't seen it yet, when people capitulate or give up. they stop buying the chicken wings and stop buying stuff and go to alternative either meat or heaven for bid vegetables.
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we're not there yet. i put this in the perspective that this is warranted. it's the notion that it's going to disappear, that does not appear to be the case. the notion, by the way, that afghanistan, we were going to quietly leave and everything would be okay and the taliban would have annup hit battle taking over, something changed along the way. the very latest on why the administration is looking to bring back 3,000 troops in to afghanistan. largely to help get our own personnel out. but could there be something more? after this.
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relax people, my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one upping itself. >> neil: all right. before our troops exit, bringing in 3,000 more to help with the exit. lucas tomlinson with more on this sudden, appears like an about face. lucas? >> neil, that's right. 3,000 soldiers and marines in all will be deploying to afghanistan in the next two days. here's how john kirby described the mission. >> this is a temporary missioned with a narrow focus. as with all deployments of our troops in arm's way, our commanders have the inherent right of self-defense and any attack on them can and will be
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met with a forceful and appropriate response. >> this comes as the taliban have been on a lightning offensive. ten days ago, they controlled no capitols. today they control 11. the latest, the third largest city on the border of iran. kandahar is in the process of being conquered. just 80 miles south of kabul fell today. the state department ordering thousands out of the country reducing the embassy staff to something very small. in addition to 3,000 troops coming in, the alert brigade from fort bragg is coming in. 3,000 others are going to qatar. >> this is a very narrowly focused mission of safeguarding the orderly reduction of personnel out of afghanistan. that's what we're focused on. >> it's not a combat mission? >> i've described it three times. we're mindful that the security
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situation continues to deteriorate in afghanistan. >> when asked john kirby if the plan was to evacuate and pull out all troops from u.s. afghanistan by the end of the month, kirby said that is still the plan. neil? >> neil: so even the extra soldiers, everybody pulling out by the end of the month. that's a couple weeks away. >> it's a couple weeks. that's what he said. >> neil: got it. lucas tomlinson. now what is happening at the border. interesting developments on that front. jonathan hunt in brownsville, texas with a certain visit that got controversial. jonathan? >> hi, neil. the homeland security secretary, alejandro mayorkas was here today. he wanted to tout two local leaders and law enforcement that the biden administration is doing everything it can to tackle this migrant surge. one of his duties while he was
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here was to announce the figures for apprehensions in july. 212,672 was the figure the secretary announced and you've seen from our pictures surging across the border all day and all night every day and every night. that 212,000 figure represented a five fold increase over july 2020. the secretary met with some local political leaders. they let him know exactly what they think. listen here. >> the men and women in green and blue need help. bottom line. they're strained. they're overworked. they don't need a pat on the back. they need resources of whatever system they're using is broken and needs fixing. >> now, after that meeting with those local leaders, secretary mayorkas arrived here in brownsville, texas to hold a news conference in which he admitted that this really is a
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uniquely difficult time for law enforcement and the u.s. border patrol. listen here. >> the situation at the border is one of the toughest challenges we face. it's complicated, changing and involves vulnerable people at a time of a global pandemic. >> and he said the biden administration is doing everything it can to deal with this outbreak, this growing number of covid-19 infected migrants coming across the border. as you also know, neil, i spoke with the incoming chief of the u.s. border patrol yesterday. he told us that it is one of his nightmares. he said the thought of an agent contracting covid-19 from a migrant and then him as a result having to as he put it hand the flag to a family is what keeps him awake at night. neil?
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>> jonathan, do we know the number of covid cases, a solid reliable -- i know it's more than that -- those that are at the border who have the virus? >> the bottom line, neil is no. there's not a single solid reliable number. and obviously politics comes in to this and you talk to one people with a certain political perspective. they're going to say one number. you talk to other people with the opposite perspective. they're going to say a different number. but the secretary admitted today that covid-19 infections among migrants is a major problem that is why he says that they're putting new practices into place to try to deal with it. so whatever the number, everybody is admitting it's something that needs to be tackled and needs to be tackled urgently most of all to protect the border patrol agents that are out there every day and every night trying to humanely and professionally deal with
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these migrants coming across the border, neil. >> neil: so true. thanks, jonathan. brandon judd, the border patrol union president. brandon, if their job is not difficult enough, they risk getting covid these days whether you're vaccinated or not. what do you think of the new development? >> i like to take a step back and address what secretary mayorkas said. he said this is a complicated i. you. in reality, it's not complicated, this is an issue that can be fixed quickly. it's been fixed time and time again. this administration refuses to implement the policies and programs necessary to address this problem. as long as we continue to release people in the united states, reward people for violating laws, we'll continue to see the numbers go up. in my wildest dreams i never thought that an administration would have allowed the border to get to the point that we're at now. it doesn't seem like there's a cap. even if we go to 300,000
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apprehensions, doesn't seem like this administration will address the issue. so we can expect to continue to see covid enter the united states by illegal means. it's scary for the american public. >> neil: what is interesting, i know they set up an enclosed facility that would handle these cases. that is already too limited for the number of cases that they have. i'm wondering with the surge continuing, the migrants continuing toward the border, how can agents just keep up with this? it's one thing to sort it out and adjudicate the cases, handle what you can, separately deal with those or contracting the virus. but it's also you know, moving pieces on a chess board. you can't keep up with it. >> we're not keeping up with it. when you look at the number of agents in the field, you look at the number of got-aways, we're not keeping up with anything happening on the boarder.
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that means there's dangerous products coming across, the drugs are coming across, killing our children and rural areas, suburbs, in our inner cities. all of this is happening on the border and it's all because we're not implementing those policies and programs that would be effective to secure the border, again, we've discussed this over and over again, neil. this is an easy solution. it matters whether or not this administration is going to push back against their base. right now it's not doing it. >> neil: apparently it got tense behind closed doors. what did you learn? what did you find out? i know you weren't physically there. i wouldn't say nasty but back to my original terms, tense. >> it did get intense. he visited with agents at mcallen at the 6:00 a.m. muster. i got briefs on that. it was very intense. the border patrol agents were very upset with secretary mayorkas.
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they were upset with the chief. one agent said how would you rate your success? he tap danced around that question. his sucks -- success has not been good. i know secretary mayorkas. i know he knows what needs to be done. he's giving the administration the advice. the administration is not listening to the secretary. so he has to be the face that goes out there and he has to take the brunt of the have it -- vitreal that is taking place. >> neil: thanks, brandon judd, very much. meantime here, we're following developments on covid. i haven't forgotten that. we're telling you about spikes in cases and the cities and states requiring that you have proof that you have been tested for covid or at least tested negative and proof that you've been vaccinated. they're telling and demanding
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proving once again that nobody builds networks like verizon. that's why we're building 5g right, that's why there's only one best network. that delicious omelet was microwaved? get outta here. everybody's a skeptic. paper money. it's the future! get outta here. i'm leaving with my gold. it's not crazy. help me, mother. it's an omelet. just crack an egg. >> neil: could disney safe the day? they have numbers off the charts beating rev now and seeing strong growth at the theme park business. that could be a good sign. we're on it after this.
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>> neil: you know, angela became a symbol for frustrations with
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restaurants and that were hypocritical. now she's facing the same pressure again. the pineapple hill saloon out of los angeles. she says she's has to check patrons that have been vaccinated. sure she has plenty of time for that. kind enough to join us. angela, good to see you. >> hi, neil. >> neil: one more headache for you. >> yeah. well, you know, i take it very personally. it's a double whammy for me. i carry an epi pen. i cannot get the vaccine. so that is on a personal level, is definitely created a lot of anxiety. it's not just restaurants. bars, spas, theaters and some grocery stores. number 1, we have an employee
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shortage. i can't find enough staff to keep the service going here. now you say i have to be vaccinated. i've had certain employees that have had it. they shea their immune system is good enough. should i let them go? how do i find new people? then they want us to be the sheriff? i'm supposed to be a vaccine checker at the door and somebody gets mad and punches in my employee? it takes two to three hours to get a police officer here. they won't even take them. i have kids in my bar. i talk to my fellow restaurant owners. one of them is like what do i do if feel have children? children are not vaccinated. does that mean i can't have families come inside with their children? i mean it's -- there's so many things. >> neil: i talked to many new york restaurant owners that have been telling me, i don't have the time, i can't play the police. i barely have people enough to
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do the jobs they're supposed to do let alone play a bouncer here. what if you don't do it? what is the punishment for restaurants and bar owners that don't? >> we don't know. they're in a 14-day process traying to figure out how to enforce this. typically what they do, they start finding us through the public health department and pull our public health permit. as you know, the flats has a fence around it. so i don't know how they're going to enforce it to punish us for not enforcing it. i just really -- neil, i want to urge the board of supervisors right now to please, please think of not just financial repercussions on the small businesses but the humanitarian repercussions to the community, the division that this is creating. 50.3% -- >> neil: what are your customers saying to you? what are they saying? are they worried about this or
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worried -- >> my customers are not happy about it. my customers that come in that are vaccinated, they're like well, i'm vaccinated. i don't care if my friend here isn't. the ones that don't feel safe, they sit outside. i'm not anti-vax. i want everybody to know that. i just can't get the vaccine. i also have been looking into a new system that i'm putting into my bar that is fda approved. it has bipolar ionizing system that kills covid in the abe. i have teachers freaking out. i have a friend of mine that works for the city. she went into a panic. the teachers just won. they were going to sue. so now they don't have to be vaccinated. i don't know. i don't know where they're going to go with this. it's not going to create anything good for the community in my opinion.
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>> neil: yeah. you just dodged a bullet and now here's another one. you're pretty strong person and your people are loyal. that i know. so keep us posted. >> i want to take care of my community. thank you, neil. >> neil: thank you. thanks, angela marsden. they can't get out of their own way. we're on top of that, also on top of the business earnings that i was teasing you. the house house is out with better than expected numbers. disney is like a proxy on the american consumer and whether they will splurge to have fun. apparently that's still on. charles payne and why he's not surprised after this. ♪ birds flyin' high, you know how i feel. ♪ ♪ breeze drifting on by you know how i feel. ♪ ♪ it's a new dawn... ♪ if you've been taking copd sitting down,
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>> neil: all right. think about this. a lot of people going to disney parks. they were limited capacity. had to wear masks.
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that's increased in recent weeks. yet business is booming at the mouse house. there were such strong revenues and money being made, absolute profit. the stock is jumping in after hours trading. maybe that will help the markets and the belief here that you cannot slow that consumer penchant to want to get out and have fun. something that charles payne on fox business has been reminding me about again and again. he has great faith in you. charles, what do you make of this? >> right now just initial reaction, neil, we had the screen up. it's up after market. i should remind people, the last two times they reported, the stock got hit good the next week. listen, you and i both parse words. listen to what the ceo had to say three months ago. he said they saw encouraging signs across our businesses. this is what he had to say in this report. he said we see more encouraging
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signs of recovery. stronger, more confident. between parks, hotels, cruise ships and 2019, 36% of their business. it's crucial, critical. it's coming back. it's reflected in the stock. and i think to your point also that it sends a greater message about overcoming -- it's a proxy. it's a really good proxy when we're still dealing with the covid and the new delta variant. >> neil: with so many businesses putting off in-person return to work and disney not part of that although they're taking about vaccinations nor the workers and doing things in stages, how does that impact the economic success story of people, the great opening out and the middle of that the delayed opening up? >> i think it would be just delayed if it hurts it at all. one thing that is intriguing and
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the postmortem on this is written and rewritten and relitigated for decades to come. right at this very moment, i find it compelling that the united states with this delta variant, we're still doing business a lot better than those countries that were lauded nor the harsh shut downs that they went through, particularly china and australia. now they're going through harsh shut downs again because they never learned to live with it. a single case can shut down an entire shipyard. in china, the second largest shipping container site was shut town overnight. that's the only way you know how to do it. they'll have tough economic repercussions. you had a restauranteur on and she's trying to work through it. that's why we've seen an amazing
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turn around. >> neil: your confidence is infectious. thanks, charles. >> thanks, neil. >> neil: one thing that can get in the way of this maybe nor disney world in florida is this storm. it's not as bad as a storm as it was. it's a tropical depression. still a threat. rick reichmuth on that. hi, rick. >> hi, neil. yeah. we're going to be getting some rain out of this. rain is our biggest problem. that said, the storm still has plenty of time over water, warm water and we have seen the storms strengthen quickly. the center of the storm to the north of the cuba coastline, the southern cuban coastline. that said, take a look at the radar. there's nothing happening around the center of the storm to indicate all day long. you look at the visible satellite. you can see the rotation there. until you get storms back around the center, you're not going to see much of a strengthening storm at all. the tropical models, all of them
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bring this in to the gulf, the eastern parts of the gulf, the western side of florida. the eastern side, not talking about a landfall but we're going to talk about a significant amount of rain especially across south florida, the miami area, we'll watch that. take a look at the future radar, this is the next 36 hours. notice we do start to see this get a little bit better organized here. that is saturday morning, early. late tomorrow night, saturday morning a storm in florida. and then spending time just off of the west coast of florida before making a landfall around the pandemic of florida. that would be sometime sunday night and monday. one of the things, neil, we talked a lot about florida. folks across the southern appalachians need to be watching this. we'll get a lot of rain there. some spots 5-7 inches and will cause significant inland flooding. neil? >> neil: thanks, rick, this is one reason why you get vaccine
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>> you know, you wonder if they made a bigger deal out this that
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is warranted. a study that shows at least pfizer's vaccine with some of the delta variants isn't nearly as effective as once believed. doctor, should we be worried about that? >> no, we shouldn't be worried about it. you have to remember, there's a couple of caveats. it's not been peer reviewed. the efficacy they're looking at, any type of positive test. not against severe disease, hospitalization and death. when you look at what matters, the pfizer vaccine stacks up well when it comes to the three serious outcomes. the whole reason that we embark on a vaccination campaign. it's what is most important when it comes to the pandemic. >> and the vaccine that the fda is most likely to approve. not moderna.
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what do you think about it? >> pfizer was the first vaccine on the market. they a accrued the most data. i don't think that makes a difference. we have to really keep emphasizing to the public that what matters about the vaccines is not the efficacy against break through infections but against severe disease. by that measure, all vaccines stack up very well against each other. i recommend any of the three to anybody that hasn't been vaccinated right now. we need this vaccine approved as soon as possible. it will spur in people that have been on the fence to get vaccinated. >> neil: the latest finding out not withstanding, 42% is better than 0% if you have never been vaccinated. more americans are responding to the pressure and hearing the alarming stories about people hunkering down, businesses being
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limited. they're responding. vaccination rates have been rising. how significant do you think? >> it's very significant that we're seeing people now being prompted to get vaccinations because they're seeing what the delta variant can do. the delta variant will find you, infect you and disrupt your life and your business. the easiest way to prevent it from happening is to get vaccinated. i'm glad to see that some people are seeing with their own eyes what the delta variant is doing and taking action. hopefully the trend continues and we can get ahead of it. the higher the vaccination number in this country as a whole the quicker this pandemic is in our rear view mirror. >> neil: thanks, doctor. good seeing you. it's not good seeing inflation. nothing like the 1970s but it's the kind of thing that is not going away. that has some democrats fearing
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that also means neither are their problems for the mid-terms and beyond. are they making things worse with more money after this? helen knew exercise could help her diabetes... but she didn't know what was right for her.
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>> ♪ ♪ >> neil: so are you worried about inflation? join the club! 86% of americans say they are. i don't know whether 14% are going outside to shop. 86% of us are. susan of real clear politics. the president of the united states and the party of power, i would be worried about that. >> oh, yeah. they are worried about it. this is what i have been calling the democrats catch 2022 on inflation. they have a window of opportunity where they have the house and senate majority. the majority in the senate just barely. they will use this opportunity to push through as much spending and big pet projects they always wanted to do like free community college and paid family leave. the result might come back to bite them in the 2022 mid-terms
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which are around the corner next year. that's if inflation stays long-term. we saw this with the 4th of july recess. the democrats got hit hard in their districts during town halls. republicans ads said we can't afford increased gas prices and a democratic strategist said they are the most effective republicans ads they have seen. >> neil: some democrats say this link between going deeper into debt with inflation, interest rates would be a lot higher. inflation in 10 years has been low and interest rates near zero. some democrats say this is going
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to lead to a boom in the next year that will offset what other inflationary pressures are there. republicans claim just opposite. one side has to be wrong. >> senator mike lee calls this an inflation bomb the bills that the congress is passing am the 3.5-trillion dollars bill. there are 6 house democrats opposing this bill. and speaker pelosi needs 3 of them. there is concern on their side about this. you had president biden say this is just like reopening a pipe that is frozen. the economy needs to get running again. it's short term inflation. you have the federal reserve chairman saying this is longer than we expected.
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it could be longer. if it's short term, democrats survive this. it doesn't become an issue. we still have inflation in the summer after labor day weekend and people are in their cars ebjoying summer vacations next year, that's when people pay attention to the mid-terms. >> neil: then all bets are off. i follow the math. wage gains are 4%. the strongest in about 9 years. unfortunately the cost of things has risen at 5.5%. wholesale close to 8%. that will sink in quickly. do you think this lasts beyond the mid-terms? >> well, beyond the mid-terms -- well, democrats are caught in this catch 2022.
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katie is vulnerable in orange county, california. >> neil: i am jumping on you. >> there you go. we will have to wait and see. >> neil: we call these hard breaking news. thank you very much. now "the five." >> ♪ ♪ >> ♪ ♪ >> i am dagen mcdowell with austin, greg gutfeld. it's 5 o'clock in new york city and this is "the five." 7 minutes into joe biden's presidency and the border is a disaster. video shows more illegal immigrants crammed into a room amid rising covid fears. we are getting staggerin

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