Powerful union is being blamed for the downfall of yellow Trucking Company. And ups saying its facing a major profit drop due to the companys concessions to the same union. The selfproclaimed s. O. B. Boss of the Teamsters Union will join me during this hour. Plus, the families of the 13 u. S. Service members who lost their lives during President Bidens chaotic u. S. Withdrawal from afghanistan finally getting a chance to be heard. Finish. When our leaders called this evacuation a success as if there should be celebration, it is like a knife in the heart. Cheryl were going to bring you their heartwrenching stories along with reaction from republican congressman cory mills who bravely went to kabuling to try to rescue americans on the ground as the taliban mounted its takeover. Cheryl welcome to cavuto coast to coast, im Cheryl Casone in for neil cavuto. The dow is plummeting as financial stocks take a hit with moodys downgrade of several u. S. Banks. Weve got market watchers scott martin and erin gibbs here right now. Scott, i want to start with you. Moodys taking aim at the banks. Is this the commercial real estate story all over again as a those loans are still coming due this year and next, or is there other concerns about these banks that were not talking about . Cheryl, love the jacket today to, by the way. Im not sure were going to play who who wore it better, but im guessing its you. Its funny you say about the commercial real estate story all over again, its maybe the commercial real estate story not yet to be played out but fearful of it. Because of the fact too we do have a lot of concern cans over our debt, obviously our spending, but a lot of folks forget over the years weve resolved a lot of these debt ceiling issues. Were still the worlds number one reserve currency, still the best capitalistic society, best democracy, most Trustworthy Company in the world country in the world and and, therefore, folks will buy our debt, cheryl. So these debt can downgrades from fitch, from moodys, weve seen them obviously in previous years, about five, six years ago. So the reality is and as you look at Interest Rates today, hi friends, Interest Rates are down on the debt rates they downgraded. Im not in that concern other than its maybe a more superficial downgrade thatll april create, in my opinion, a buying opportunity for equities. Cheryl erin, the downgrade of our u. S. Credit rating caused a lot of concern, in particular it really does hurt those with awe auto loans and and credit card loans. It hurts the economy, and thats the big concern. On the other side, fitch, i thought, made a really good point here, erin, that the fiscal mess that washington continues to create every year as we have these debt debates and if everything gets political does create market instability. And here we go again. If. Absolutely. And i think giving a warning to the administration is healthy, and i know theres a lot of when we talk about the fitch downgrade across the u. S. Debt where, of course, we can look back to 2011 and how s p gave a warning, and then it really took all three rating agencies to downgrade the debt for there to be a real collapse. Because there was a big concern, and the just werent able to react to it. Very different situation here. This is really about what the administration is doing and how were combating inflation, and so giving those warnings particularly as, you know, a smaller Rating Agency like fitch, they can do that, i think its useful. And it should be on warning. But with regards to moodys today, i think just as you were saying, it can be an opportunity. Theyre really specific about those regional banks being the most vulnerable. They have different types of balance sheets. Those are the ones you want to avoid, and so being able to look at some of your bigger diverse find, your consumer lenders like your citigroup, jpmorgans, theyre getting hit today in the stock market, and today is the kind of e day where you might want to take those as a buying opportunity because they do have a very different type of structure than the type of stocks that were downgraded by moodys. Cheryl erin, im glad you mentioned inflation. Scott, looking ahead to cpi coming out on thursday and ppi on friday, the one thing we have seen is Energy Prices and this would be the headline number, obviously have been rising over the past three monthses. Gasoline, jet fuel, wholesale, diesel. And and why you can say food and energy, that count count for core inflation, my argument is that it could down the line because thats going to filter out into the system, into the consumer goods space, and that is where, you know, thats when the market, i have a feeling, is going to start to get really nervous. Weve seen these really intense, scott, reactions to cpi, in particular more so than we used to. Is that what youre expecting . Somewhat. And youre right, theres been a lull, cheryl, this commodity Price Inflation or reinflation depending on what level youre coming from over the last several months k if that has put a cap can on things like you mentioned in oil, energy and and things like that and certainly other Commodity Prices x thats been something thats been absent in this cpi and ppi rise recently. And one thing that does do play this very heavily to production of goods and eventually services, so that is a concern. That also could be speaking to the fact too that with the downgrades in some of the things that erin just mentioned, maybe a weaker dollar is in our future which is why i, frankly, wore this gold jacket today because gld can could be an etf that could be a good solution amongst this unearnty. Even though i do think, boys and girls, this is still a i buying opportunity. To erins point too, weve seen this movie before, and it does not end that badly. Cheryl all right. I like the bullish tone. Who wore it better . Im going to go with me, scott. You got it today. Ill try better next time. [laughter] see you guys soon. Thank you so much for that, appreciate it. Lets move on, guys. Fox business alert for you right now, ev manufacturer proterrabonn is filing for bankruptcy just as President Biden hits the road to push his green agenda. Fox business Grady Trimble is in washington with the latest. This company had very strong ties to the Biden Administration. Not just President Biden hailing the ceo as a hero, but the Energy Secretary. Reporter yeah, cheryl. In fact the, President Biden celebrated and promoted this company that is now filing for bankruptcy back in 2021. We have this video of the president taking a virtual tour of the electric bus and battery makers to manufacturing facility in south carolina. And and, yes, Energy SecretaryJennifer Granholm sat on the companys board before taking on the cabinet position. Granholm also sold 1. 6 million worth of shares in the company in may of 20321. 2021. The Energy Department said that sale was aboveboard and met its ethical standards, but granholm and a number of Senior Biden Administration officials have faced questions over owning stock in companies they could be involved in regulating. My question to you then is, do you think that other senior members of your department or any department in the executive branch should own individual stock . Why shouldnt we just ban that like we ought to ban it from members of congress . Leave it to congress. I think its easier when you dont own individual stocks. However, we do have Disclosure Rules and very rigorous Ethics Agency inside of the department of energy. Reporter proterras ceo blamed the bankruptcy filing on various market headwinds. He went on to say the foundation we have built has set the teenage for decor ban soition decarbonization across the commercial industry. This is why to we are taking action to separate each product line through the chapter 11 reorganization process to maximize their independent potential. For now the company will keep paying employees, vendors and suppliers but, cheryl, this is just another, the latest example of an electric the Vehicle Company going green but in the red. Cheryl . Cheryl yeah. Those subsidies didnt do much for them. Im sorry, i was taking notes in your report, 1. 6 million is what secretary granholm walked away with, right in. Reporter that is right, i did not misspeak. 1. 6 million, and she was on the board. Cheryl not a bad return for her. All right, grady, or thank you very much. Well, the Administration May be pushing evs, but less americans are buying. Many evs are now sitting on car lots. Center for industrial progress founder and ceo alex epstein joins me now. I was really surprised, to be honest with you, at what were seeing in the ev market. The its more than 6 of new car sales right now which is still a small amount, but the fact is the average time that these cars are on on the lot is 92 days which is a long time compared to regular vehicles. Why are americans not buying evs . I think what this shows is that forcing evs on us is such of a bad idea that even with massive subsidies, people dont want them nearly as much as the government wants them to want them. The right way for us to have cars is for us to be free to choose the car we want. They have range issues, cost issues even with subsidies, and they have a huge issue in terms of burdening our grid with the massive amount of new demand went we already is are huge supply problems with reliable electricity. What we need to do is just get out of the market and allow evs to compete like real companies. Now, a lot of these dont want to do it and even with huge subsidies, theyre going bankrupt, but they should compete as much as they can, and we should be free to buy them. Cheryl well, whos got 50 grand to drop on a tesla . Most people that i know that have teslas love them. But but the gmc hummer ev, thats having a sales problem. The audi q8etron, that is having a sales problem. I wonder if this is a car problem, if its a branding problem or if its really just a cost problem at the end of the day. Folks are saying this is ridiculous, im not going to drop, as we just showed you, 64,000 on an ev. I think its a cost effectiveness problem. So theres ab issue of what do you pay for it, whats the cost, and then how effective is it. Evs dont have the range, they dont have the convenience usually in terms of gasoline vehicles and, again, this bad performance is with huge subsidies and and with skort of huge propaganda sort of huge problem began a da. A lot of people buy teslas, today think this is somehow saving the planet which i dont think thats a good goal anyway. But its totally the wrong perspective. We should be buying cars that are actually good for us, and ev manufacturers should be competing. Cheryl i had little bit of a chuckle this morning on twitter when folks were commenting on us President Biden out in arizona talking about the new Climate Change and his successes there, but hes got all those suvs at the bottom of air force one. I dont think those were electric yeah. Well, they a want manager thats effective. [laughter] when it comes down to it, they want an effective vehicle. Cheryl alex, thank you very much for being here. Its good to speak with you. My pleasure. Cheryl all right. Well, it is the battle of the president s as donald trump and and joe biden are neck and neck in polls ahead of 2024. Coming up next, the battleground state giving the former commander in chief a slight edge. Plus, weve got some breaking news in the 2024 race. Governor ron desantis shaking up his campaign staff, that news breaking just in the last hour. Its a big shakeup for that governor. Were going to talk about it. Well be right back. Somebody turn the lights on, somebody tell me whats wrong. Id be lying if i told you, losing you was something i could handle you cant buy great conversations or moments that matter, but you can invest in them. At t. Rowe price our strategic investing approach can help you build the future you imagine. T. Rowe price, invest with confidence. With a majority of my patience with sensitivity, i see irritated gums and weak enamel. 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Cheryl the state of georgia is set to take over the Trump Indictment focus soon, but for now all eyes are on d. C. That is where we find fox news correspondent david spunt live with all of the latest, a lot of back and forth with the attorneys, david. Reporter very much so, cheryl. The Court Filings keep coming in multiple cases involving former president donald trump. Last night a judge toll both the trump team and government to hash out differences over a protective order or or which ultimately may turn into a gag order. The order right now originally proposed by the government would limit what donald trump could say or type out on social media regarding the case. This is the proposed protective order. It all began with a truth social post over the weekend. The former president is quoted as typing, if you go after me, im coming after you. Special counsel jack smiths team took this as a potential threat potentially to witnesses or even people in his office. Trumps attorneys say the it was pure political speech, and the former president was talking about rivals on the campaign trail. Trumps team also wants to move the trial out washington, d. C. , its a move you can expect the special counsel and the department of justice to fight. Trumps attorneys are expected to file that motion for change of venue, but its not up to them or the doj. Its up to the judge. I think West Virginia would be an excellent venue to try this case. Reporter and in a rare moment, cheryl, of agreement, congressman adam schiff and donald trump along with his legal team, they want to get this trial televised. Of course, both have different motives for why they want this, but they both believe the American People should see what happens in the courtroom. But again, this is up to the judicial conference of federal judges. Judge Tonya Chutkin is providing over the case. Of course, she can weigh in, and cameras are not allowed in federal court. Its unlikely she would allow this to happen, but the judicial conference would have to weigh in. Televising Something Like this is historic, but unlikely given a its a federal case. Its also like likely the trump team will try to get this judge off the case, but theres no sign that she will recuse herself. Cheryl ing i have a feeling theres going to be plenty of television coverage. Reporter either way. Cheryl david, thank you very much. Appreciate it. Reporter youre welcome. Cheryl a new poll from the Emerson College that has donald trump and President Biden in a ted heat in arizona with the former dead heat in arizona with the former president taking a 1. 5 lead. Kaylee mcghee white joins me now. Kaylee, i want to see your thoughts on this. Were talking about arizona, a crucial state in 2020. Do you see the gap between the two widening, and is it too early, do you think, to talk about these polls . I think its a bit early, and i say that because the polls have been so back and forth if over the past several months. For every one poll showing biden ahead of trump, i could show you another showing trump ahead of biden. So it seems they are very much neck and neck. But the fact that theyre so close in arizona is interesting, and this probably has a lot to do with, i would say, the Current Border crisis. Arizona has been hit very hard over the past several weeks by floods of illegal immigrants, and this just goes to bolster trumps original claim back in 2016 that the Democratic Party is not willing to take this issue seriously. So i see that as only helping him on the campaign trail moving forward. Cheryl i had a good friend in arizona tell me about a month ago that at the end ebb of the day, arizona really is not a blue state, its a red state. So going into 2024, its anybodys guess whats going to happen. Again, making arizona a crucial piece of the 2024 election. I was also looking at this arizona poll, 9 of registered arizona voters said they would support somebody else if there was a trumpbiden matchup. What do you think of that . Yeah, thats a consistent finding that were seeing across the board. There was a recent new york timessienna college poll last week that found biden and trump again in a dead heat, both at 43 , and both all voters had negative ratings of both president s. So biden had about a 39 Approval Rating in this poll, trump at 41 . And what was really interesting, cheryl, is that 14 of all voters polled said that they would not vote at all, or they would not support either candidate if their only two options were trump and biden again. So the takeaway are this is pretty clear, voters are fed up with these options. They want newer options. They dont want a repeat of 2020. Cheryl i will say really quick youve got trump at a 58 there, but then youve got desantis at 111, 6 for 11, 6 for christie, and then it goes down. They are changing. I want to stay with desantis. Weve got some breaking news here, another reboot from his campaign. He is now replacing his 2024 Election Campaign manager. That news just crossing in the last few moments. Many of the donors we have reported have been looking for him to make a change because of these poll numbers, kaylee. Your reaction. Yeah. And i think the shakeup is good because, you know, desantis, there was a lot of hype around him before he even launched his campaign, and the struggle for him was always going to be whether he could gain enough momentum after launching his campaign to compete with trump. Now, obviously, hes got a little bit of a harder time with this because trump is in the headlines constantly as a result of the multiple indictments and the cases against him. Thats not helpful for desantis. But its also not helpful that desantis doesnt seem to have the a positive vision for the country. He talks about wokeness, he talks about the need to combat cancel culture frequently, and and those are all fine and good, but you need a positive vision to present to voters to convince them why they should support you over another candidate. Right now he seems to be bogged down with trying to outtrump donald trump, and as we know, no one is going to outtrump donald trump. Its not a successful central. Cheryl the wall street journal pointed out same thing last week. They said, you know, stop talking about disney and wokism, you know, move on to economic victories and victories that youved had in your own state as governor. Focus osen focus on the positives you bring as the governor of a state, which is florida, which has been booming since the pandemic. I thought that was a good point. Kaylee, its good to see you. You as well. Cheryl all right, see you soon. Well, do not forget to tune in to fox news for the first republican primary debate, thats going to be on august 23rd, 9 p. M. Ian time. Bret baier, Martha Maccallum going to be moderating. Well, families of Fallen Soldiers demanding answers about the deadly exit from afghanistan. Congressman cory mills was part of a team that saved four americans. Why he says the Biden Administration was working against their efforts. Thats coming up after this. Like your workplace benefits. And retirement savings. With voya, considering all your financial choices together. Can help you be better prepared for unexpected events. Voya. Well planned. Well invested. Well protected. Let Innovation Refunds help with your erc tax refund so you can improve your business however you see fit. Rosie used part of her refund to build an outdoor patio. Clink dr. Marshall used part of his refund to give his practice a facelift. Emily used part of her refund to buy. I run a wax museum. Let Innovation Refunds help you get started on your erc tax refund. Stop waiting. Go to innovationrefunds. Com you really got the brows. Cheryl families of the 13 u. S. Service members killed in the afghanistan withdrawal came together to share their stories. The white house now in full damage control mode. Aishah hasnie live on capitol hill with all the latest. Their testimony was gutwrenching, iewsh shah. Reporter yeah. At so many points it was hard to not break down along with those parents because it was so emotional. And today there is a response from both the white house and the pentagon although these families are not getting an a apology today. Instead, the administration is Standing Firm by its decision. So were told that the president and the first lady will always honor the sacrifices of the 13 Service Members killed in the attack but that the president made the tough decision to end the 20year war in afghanistan because he was not going to send another generation of troops to fight and die in a conflict that had no end in sight. That is coming from the white house today, cheryl. In the meantime, the pentagon also hairing condolences with the family. Sharing. In a statement that reads in part we are forever grateful for their service, sacrifice and committed efforts during an a evacuation operations. Notably missing here is the word success in either of these responses. When our leaders call this evacuation a success, it is like a knife in the heart. Reporter now, former secretary of state under former President Trump mike pompeo had this reaction today. I think this administration wants to put this behind them, President Biden never utters the word afghanistan. It was a political decision. The Biden Administration knew full well the likely outcome if they evacuated the way that they did. Reporter and, cheryl, there are briefings both at the state department and pentagon today, so were watching those very closely to see if they respond any further to these families. Cheryl all right. Aishah, thank you so much for that live report from washington. Well, florida congressman cory millses joins me now. Cory mills. You were part after of a team that conducted the successful rescue of americans in afghanistan. I just want to get your reaction from what we heard yesterday. Im sure your heart broke listening to them, especially when you hear and this was, kelly barr innocent is what got me Kelly Barnett said she was actually the lied to about the circumstances of how her son died. The list goes on and on. Well, thank you so much for having me. It is heartwrenching and, again, the Biden Administration has shown no willingness to take accountability whether that be from secretary lloyd austin, secretary blinken or the commander in chief, president joe biden. You know, the sad part is ive met with every one of these families, and having served as a u. S. Army combat veteran are, having lost those who i served with, having gone over and conducted different types of rescues, you know, this is really close, near and dear, personal to me. Now, the fact that they were actually lying to these families trying to actually and that was the testimony that was really devastating by ms. Barnett. She was told that her soon die immediately after the explosion only to find out later he had put his own tourniquet on and was handing out ammo as he slowly, you know, meant his fate, unfortunately. Met his fate. And these gold star families deserve the accountability. The secretary of defense tried to say there was no credible intel, i have had the about concern ability to view the intel reports that definitely speak differently to what secretary austin has said. Ive had the ability through the House Foreign Affairs committee and the Armed Services committee to recue the 23member dissent cable where the state departments own officials in kabul warned the secretary of state and others that if they went through with this strategy the, that it would ultimately meet some type of a failure and loss of life. You know, these were all preventable events, and whats happened is the Biden Administration chose political optics over military strategieses, and now we have 13 new gold star families. Cheryl you also have now heard from those in the military, military leaders who say that they told President Biden that this was the wrong way to exit afghanistan. He didnt listen. Lots more questions, and i hope that theres more accountability to these families, so they get justice, sir. I do want to switch gears, theres a lot of news going on right now, congressman. So youre backing donald trump this 2024. I want to ask you about these indictments. We believe that another indictment is coming out of georgia. Ing that would be four different sets of indictments. You know, the president , the former president e says my polls go up, i get more support, but some of these charges are very serious. What do you say about all of this . Well, again, i stand by my commitment to support and endorse the president for 2024. I was blessed to be a part of his administration, by us the i was a secretary of defense advisor, and from a Foreign Policy perspective, economic perspective, trade perspective, we were also respected very heavily on the world stage. Certainly, our adversaries were not as emboldened. With these indictments, what were seeing if you look at the ones under special counsel jack smith, the first thing they tried to charge him for was the idea of obstruction or interference. You know, really he was talking about how he had said the elections were stolen which we know that in some areas like fulton county, georgia, they are still being tried, and theres videos actually still being reviewed on this. And the idea that you can [inaudible] or penalize people for free speech is really a violation of our First Amendment institutional rights. But what really seeing is a continued weaponization whether that be from d. A. Alvin bragg, special counsel jack smith or the entire Merrick Garland doj in itself, were seeing them utilize the doj as a way to target his top political opponent if which is president donald trump. Cheryl before i let you go, i just want to circle back real quick. President biden, should he be hell accountable held accountable for not just the chaotic withdrawal of afghanistan, but also for the fact that these families were lied to . What do you want to see happen . Is it austin that needs to be pulled in the front to of congress and pushed back on . Is it the president himself . What is the what would pick these families, give them some peace . Look, at the end of the day, the buck stops at your commander in chief, the president of the united states. We know that with with the metic and conditionsbased metric and conditionsbased withdrawal that President Trump and secretary pompeo had pus put in place, at the very end, get the civilians out first before the military. This is doctrine. This isnt new. They also expressed holding the the importance of holding bagram to be able to fly freely and operate on two different platforms. What biden was given was actual advisory e to do exactly that, to not go forward with with the9 way they were doing the conditionsbased withdrawal, that it wasnt just an allout right now, that it wasnt, you know, a neovietnam helicopters flying off the top of the roof type of scenario, and he ignored his political advisers, his generals. At the end of the day, the blood that is on his hands, he should be accountable, he should with removed and he should be the one that is helping to declassify documents to these 13 gold star families have all the facts and the American People can decide. Cheryl please come back with an update, congressman. Wed love to hear where this goes thank you so much to. Cheryl i could talk to you about what we heard yesterday, it was just, like i said, it was heartbreaking listening to these families. Its truly heartbreaking. Again, my service goes to those gold star families, our military, our veterans, and i want all those who served in afghanistan to know one message and one message only. We saw our suicide rates go up extremely high after this botched withdrawal. Know that if you served in uniform, men and women, you carried out your mission honorably, and this is not the tail your of the boots dub can failure of the boot withs, this is a failure of the students in washington d. C. Cheryl well said. Congressman, thank you,. Thank you. Cheryl well, we are going to switch gearses. Theres a a lot happening in the business world. Its the her of strikes. And its not just the actors that are striking. Over 11,000 city workers are now joining the picket lines. Were going to go live to los angeles after a quick break. Fas. Get decision tech from fidelity. [ cellphone vibrates ] youll get proactive alerts for market events before they happen. And insights on every buy and sell decision. With zerocommission online u. S. Stock and etf trades. For smarter trading decisions, get decision tech from fidelity. I have type 2 diabetes, but i manage it well. Its a little pill with a big story to tell. I take oncedaily jardiance, at each days staaart. As time went on it was easy to seee im lowering my a1c. Jardiance works 24 7 in your body to flush out some sugar and for adults with type 2 diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too. Jardiance may cause serious side effects including ketoacidosis that may be fatal, dehydration, that can lead to sudden worsening of kidney function, and genital yeast or urinary tract infections. 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Lets partner for all of it. Im so glad we did this. Edward jones Cheryl Los Angeles has been the epicenter of the summer of strikes, and now the citys own workers are joining the fray. For the first time in about 40 years, more than 11,000 city workers are taking part in a 24hour strike to protest contract negotiations. Fox news correspondent william la jeunesse is live at lax. William. [background sounds] reporter well, cheryl, right now r. A. Is strike l. A. Is strike city if you take the actors, the writers, the Hotel Workers and now these city employees, youre looking at about 2200,000 angelenos on strike today 200,000, and today these city workers decided to strike at the airport which is bad even on a good day. But police did a pretty good job of keeping traffic i moving inside the airport so an extra hour was all people really needed to do to make their flight. Local 721 is one of about a half dozen unions representing workers. About 11,000 walked off the job at midnight for 24 hours, a a 1day strike, alleging the city is not bargaining in good faith. Now, about 30 minutes ago most of the strikers headed down toty hall. They chose lax, right, to make a point, a very high profile shot across the bow. You think one day looks bad . Imagine the a wreak of this a week of this chaos. They got their message out on all the morning shows before heading downtown where where they hope other unions will help them not crosses the picket line can and shut down city services. Were going to go to city hall and stand on the steps of city hall and remind the city that they promised us they were going to negotiate with us. Were going down to city hall and do the same thing, get out there and march. Reporter so fire, police and paramedics were not affected. Interesting, cheryl, right . So the union gave a free pass to City Council Members who are all democrats to cross the picket lines tonight for their City Council Meeting so they will not have guilt. So minor if inconvenience. Garbage services resume tomorrow, the city pools open again, but i think they made their point. Back to you. Cheryl william, thank you so much for that live report from los angeles. Well, Trucking Company yellow is blaming the Teamsters Union for their bankruptcy filing. We had yellows lawyer on the show yesterday. Listen. And the teamsters had, for nine month, for nine solid months, refused to sit down at the table just to let yellow finish this modernization plan which, if it had finished, we wouldnt be talking about a bankruptcy now, we wouldnt be talking about 222,000 22,000 teamster employees who are out of business, theyre out of work, their out of theyre out of jobs solely because of the union. Cheryl here now to react is teamsters president sean so brine. Sean, thank you for being sean obrien. I have to ask you, do you feel responsible for the 2 2,000 teamster jobs being lost because yellow fired filed, excuse me, for chapter 11 on sunday . No, not at all. I mean, our members have given back 5 billion in concessions since 2009 and three other times since 2009. Yellows has always come back to the well looking for more and more out of our members, and it just got to a point where it was so mismanaged its always a easy to blame someone else, ask thats okay, but at the end of the day the facts dont lie, and yellows got to look themselves in the mirror and accept what theyve done. Cheryl well, the company, again, they have filed, it looks like its going to be an asset sale, the trucks, the terminals, etc. , but when mark was here yesterday, he told me and im paraphrasing he said at the last minute when they, meaning you and your team, understood that yellow had to file, that Union Leadership called the company, this was over the weekend, numerous times trying to get the company to make a deal. But at that point, mark says, it was too late to save the company. The Company Reach out to us. We were meeting and the company wanted all kinds of changes that, look, the reality of it, they were so far in department no matter what happened in debt, in no matter what happened it would have never worked. Like i said, its easy to blame someone else. Our members gave back 5 million in pension and wages since 2009. The Company Received 700 million under the cares act for covid under the trump add administration and then apolo Apollo Global gave them another 600 million a couple years ago, so they couldnt even manage what they were given. And its easy to blame everybody else, but, you know, you look back and see what our members sacrificed, and you know the sad part about this whole thing . Through this liquidation, we definitely need bankruptcy reform in this can country because all those concessions and money and jobs lost and the obligations, our union members, our union funds, the last line of creditors so everybodys going to reap, you know, the benefits of the liquidation whether its you know, and i hope the ceo has a little moral compass and doesnt take any type of golden parachute because, you know, at the end of the day hes got to accept the consequences for what heed did. Cheryl well, to be clear, the Company Already made a court move against you before the bankruptcy filing, so a lot of this is all going to court. But what youre mentioning, i want to bring this to our viewers so you understand they understand the latest news, youre calling on congress and the white house to specifically youre calling out yellow, but i think my question here is early on when yellow was having trouble and this was nine months a ago, you know, the Biden Administration initially was seeming that they were going to get involved and they helped, and then the lawyer told us yesterday that all of a sudden the Biden Administration wasnt taking their calls. But at the same time, you were working with the Biden Administration or reached out to the Biden Administration about the ups negotiation. Were those two things tied together somehow . Weve never reach out to the Biden Administration for the ups agreement, and its been clear, we actually asked the Biden Administration to not get involved. And its documented, its well publicized. So if yellows lawyer is telling you that, its truly fiction. We reached out to the Biden Administration, we reached out to treasury, and were still reaching out to treasury, but the bottom lewin is this company was bled with down so bad by mismanagement there was no hope and there still wouldnt be any hope even if a deal was struck. But i want to be clear, we met with this company on numerous occasions, and they wanted to modify and gut our collective bargaining agreement. And, look, our members have been given back with giving back since 2009. So, you know, the proof is in the pudding that, you know, yellow couldnt get it right, and and its easy to blame someone else. Cheryl well, certainly 22,000 teamster jobs is a devastating loss for the teamsters, for their families and the other 8,000 employees that are not part of the union. I do want to ask you about lets stay with ups for a second. We got their earnings this morning, and ups actually reported, i mean, they this took a bite, the deal that you made with ups, i mean, for the Second Quarter earnings and and revenue actually fell. It was down 24 from a year earlier, and they actually singled you out in their report today and said because of this negotiation which came down to the wire as you were threatening a strike against ups, they said this does eat into the bottom line, it eats into the company. Your response to what ups said to wall street today. Well, look, our members, you know, sacrificed through the pandemic. Ups was making record profits. The one good thing that ups did make a profit through tough times and its not the only company in this business, fedex and the postal service, volumes down, everything everythings down, but for a company like ups to turn a profit is encouraging, and the one good thing ups is because of our members, our 340,000 members, they provide the best service in the business and volume will come back. Yes, there was some unearnty with some customers uncertainty with some customers who chose to leave are, but theres no doubt ups will recapture that volume and continue to thrive. You know, this is a contract that our members zephyr. They sacrificed, you know, their health, they sacrificed time home to make sure that goods and services were provided to this country, and now its time to be rewarded. Cheryl i have to ask you before you go just really quick, there is an a assumption out there and this has been reported that to cut the ups deal, the sacrifice was yellow. How do you respond to that criticism thats out there right now . Apples to oranges, couldnt be further from the truth. Weve got a track record of the Previous Administration leadership, the teamsters since 2009 has always given con sessions, has always encourage canned them. Our members were fed up, and, you know, look, we tried with this company. They wanted it one way and its unfortunate, but, you know, were going to be there to try to help all our 2 2,000 members and their families gain employment. Cheryl sean obrien, thank you for giving us your side of the story. We certainly appreciate this. Great. Thank you very much. I appreciate it. Cheryl all right. Well, lets check in with Jackie Deangelis and see what theyve got coming up on the big money show. Jackie good afternoon, cheryl. Well, the president is out, hes going to be touting his green agenda today, but the data show a totally different story. We dig in. Plus, former michigan gubernatorial candidate tudor dixon will be here talking about the rise of the unions, and the markets lower on some weakness out of china and other issues. But how the ccps economic woes could impact us here at home. But first, more coast to coast after this. The biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. It still does. What can you do with spy . This is american infrastructure. Megawatts of power, rails and open road, and essential services of every kind. All running on countless invisible networks, making it a prime target for cyberattacks. But the same aipowered security that protects all of google also defends the systems running americas infrastructure. For these services. For the 336 million of us living here. Businesses need 5g solutions today. Thats why they choose tmobile for business. Mlb partners with tmobile to not only enhance the fan experience, but to advance how the game is played. Aaa relies on tmobiles network to stay connected nationwide, so they can help get their members back on the road. And were helping pano ai innovate, to stop the spread of wildfires. Nows the time to see what americas largest 5g network can do for your business. Wow, you get to watch all your favorite stuff. Its to die for. And its all right here. Streaming was never this easy, you know. This is the way. You really went all out didnt you . Um, its called commitment. Could you turn down the volume . Here, you can try. Get way more into what your into when you stream on the xfinity 10g network. Cheryl teamsters president sean obrien just joining missioner shar ily gasparino on set to racket. Youve been reporting on this, sir. He says they called him, he called them, hes beening it. Heres the thing i will tell you about mr. Obrien. When it really came dollars to doughnuts, he was ready to do a deal, i know that from multiple sources. And then what yellow did is it turned around and went to its customers and said will you still deal with us, and and they said, no. Were gone because youre were not going to deal with union shops. That was the exact words from from home depot. So now theyre going to liquidate this whole company, parts of it because they own the land are, they own the trucks, are going to go to private equity, to other, you know, sort of competitors. Theyre going to go as a nonunion company. Theyre going to be broken up as nonunion because mr. Obrien refused to deal on very, very, very marginal stuff like 200 drives having to unpack their own trucks concern drivers having to unpack their own trucks. Now, he says yellow has been bad management, they had to do a little lot of givebacks. This is not the greatest business in the world. At least there were jobs there and now theyre gone. The Biden Administration wouldnt get involved because its political, they didnt want to get on the wrong side of the teamsters its so obvious that hes using this whole thing, you know, yellows bankruptcy, to gain leverage and show people at amazon, you come after us, were going to be the cheryl youre on the story. More to come with charlie gasparino. Hes going to be all over this. Well be right back. Folks. Invest in them. At t. Rowe price our strategic investing approach can help you build the future you imagine. T. Rowe price, invest with confidence. [ applause ] the day you get your clearchoice dental implants changes your struggle with missing teeth forever. It changes how you eat, how you feel, and how you enjoy life. It changes your smile and how others smile at you. Clearchoice Network Doctors have changed over 100,000 lives with dental implants, and they can change yours, too. Because a clearchoice day changes every day. Schedule a free consultation. Im jayson. Im living with hiv and im on cabenuva. It helps keep me undetectable. For adults who are undetectable, cabenuva is the only complete, longacting hiv treatment you can get every other month. Cabenuva is two injections, given by my healthcare provider, every other month. Its really nice not to have to rush home and take a daily hiv pill. Dont receive cabenuva if youre allergic to its ingredients or if you taking certain medicines, which may interact with cabenuva. Serious side effects include allergic reactions postinjection reactions, liver problems, and depression. If you have a rash and other allergic reaction symptoms, stop cabenuva and get medical help right away. Tell your doctor if you have liver problems or Mental Health concerns, and if you are pregnant, breastfeeding, or considering pregnancy. Some of the most common side effects include injectionsite reactions, fever, and tiredness. If you switch to cabenuva, attend all treatment appointments. Ready to treat your hiv in a different way . Ask your doctor about everyothermonth cabenuva. Every other month, and im good to go. We never just see the numbers, we see the people. My dad started trek in a red barn in waterloo, wisconsin. And now it spans the globe. You wanna take what was given to you and you wanna build it. And you wanna pass it along. If i can do that, i would have done well. Thats why were here. To help make it happen. Your record label is taking off. But so is your sound engineer. You need to hire. I need indeed. Indeed you do. Indeed instant match instantly delivers quality candidates matching your job description. Visit indeed. Com hire hi, im norma, and i lost 53 pounds on golo. soft music a lot of people expect to fall apart as they age, but since taking release, my energys improved, my skins improved. Ive never felt better. Cheryl well, it was a busy news hour. That does it for me on coast to coast. Ill see to you to. Jackie dea angeles and the big money show here to take you through the next hour on fox business. Jackie hello, or everyone, im Jackie Deangelis taylor im taylor riggs sean and im sean duffy. Welcome to the big money show. Jackie pied President Biden will tout investments in how his