 I'm Neil Cavuto, and this is the Fox Business Report. The major averages closing higher, with the Dow surging and notching a new record close on rate cut optimism, and after the latest retail sales data showed that the U.S. economy is still resilient. Investors are confident that the Fed will be lowering interest rates by the end of September, according to data from the CME Group. UnitedHealth Group lifting the Dow after reporting stronger earnings results than expected.