you didn't give me a chance to explain myself. i thought 1742-1780 were before technology and it would be a huge clunky thing on your wrist so that couldn't be it. by 1845 the industrial revolution, get a wristwatch around you. here's the blurb, the name of the watch was commissioned by the queen of naples for fr.5000, $25,000 today. i would like to see it. it was french, not swiss. >> neither confirm nor deny. stuart: we are out of time. thanks for all the help you have given me yesterday. thanks for being with us. coast-to-coast starts now.

neil: they are talking about you, what ceos are doing to you at heads of tiktok and meta-and others that exploit kids and don't do enough to protect kids. a lot of these guys stocks have been hammered. less magnificent. elon musk, the head of his x is there, we are getting his name one way or the other. a lot of ruffling, $56 billion payback, a sign of paid policeing to some and tech ceos on capitol hill. a tough few weeks and months when it comes to electric vehicle makers in general and doesn't this can are no it. he's going to tell us why he isn't remotely worried about it. first, to this hearing, a lot of shouting, grady trimble taking it all in.

>> reporter: lawmakers have been grilling the ceos of the biggest social media platforms for the last two hours, specifically about child sexual exploitation on these programs and platforms but more broadly how kids use social media and what protections are in place. the ceos tried to tout safety features and parental controls they have added to protect kids but mark zuckerberg downplayed social media's role in the mental health crisis. >> mental health is a complex issue and the existing body of scientific work has not shown a causal link between social media and young people having worse mental health outcomes. >> reporter: the ceos of snap and x, that members of this committee, the judiciary committee have introduced, several of the other executives

at discord, tiktok and meta avoided questions whether they support those specific bills. instead those three executives say they support legislation and regulation related to their industry but not those particular bills. they are frustrated by big tech and its leaders. >> i am so tired of this. it's been 28 years, haven't passed any of these bills. doubletalk, doubletalk, time to actually pass them. the reason they haven't passed is the power of your continental. >> reporter: senator john cornyn questioned tiktok's ceo about data storage and access to that data by tiktok's parent company, a lot of lawmakers in the last hearing feel that he

is being evasive when answering questions about the chinese parent company. other news about tiktok broke today when heading into the hearing, that's the universal music which has artists like taylor swift, pulling their music from tiktok because there artists are not getting enough of a cut from plays on that platform. neil: grady trimble following that, parents recounting how their children died because of temptations provided on social media sides. the professor of internet law, carl, always good to have you. where are these hearings going? they are not the first on this parade, just the latest. >> it is a huge slideshow. our kids are suffering mental health problems.

we lock them in their houses for three years during covid, we are constantly telling them the world is going to end because of climate change, scapegoating social media is not the answer. mark zuckerberg is not our kids's dad and we shouldn't act like he is. blaming social media for the raising of our children is absurd and i would not expect mark zuckerberg to raise my kids in the same way i would not put cap'n crunch in charge of what my kids eat. we are skipping over the responsibility of parenting. neil: senator klobuchar and lindsey graham on their same page thing parents are overwhelmed, children are sucked into this universe where getting their attention is next to impossible, but these companies are very worried about the prospect of being sued. that's going to change.

>> are they too week to raise our children, since the done of man. my kids in my family, better than those politicians and mark zuckerberg. you can do it and take the phone away. the litigation liability front, anything that is illegal off-line is illegal online. they talked about child sexual material is section 230, exempts it. and child sexual abuse material results in an investigation. we need to give law enforcement more tools and more power to go out and arrest the abusers rather than blame social media, tens of millions of reports that go and answered. neil: interesting to see concern among republicans, the

first advocate big brother playing the role, companies or government forcing them to have a role in this, that has always been a piñata. china's not policing everything he does and all the customers he has. china does do this. where does that go. >> this is one of the challenges. they spent $1.1 billion and siloing all of the us data with oracle, an american company, in texas. trying to show the data, the burden is on the prosecution, they come forth with receipts, show the evidence before they start making accusations. neil: very well put.

thank you very much. >> big tech investments added today. and despite earnings. they are not feeling up to the whisper number and things are even more robust. advertising revenue off the charts but there was hope that there would be more off the charts. and ted weisberg, i want to expand what you think about the fed, what it plans that protects stocks. everything comes in threes here. after better-than-expected numbers. didn't matter. now what's going on in capitol hill and fears this could morph into something.

>> anything is possible. the tech names, 7 or 8, and 14, 15 months are probably overbought if not way overbought. they are due for correction, started to see that last night after the close, they got reported. it denies today. it has to be more technical in nature. technical reversals in any sector or stocks, it is always painful, and it is not fundamental and my guess is that's what they are going to do now. neil: those who sold in prior tech selloffs if they were

unloading apple or microsoft, and enormous impact on this industry and the entire market. it will not be expected to move on rates today but and what do you expect. >> you are hundred%, you have to learn to read between the tea leaves if you will. i suspect the message will be the same message we've been getting, they will be data dependent, probably tell us they see signs the inflation is moderating and they are watching everything closely. i will agree with you. we will not see any overt moves in terms of interest rates getting reduced as a result of this meeting was one of the problems the market as and a lot of us have is we have a lot of supposed geniuses out there

predicting what the fed will or will not do and wishful thinking is not a good strategy when it comes to stock market. clearly inflation is moderating. the us economy stays strong. the inflation numbers appear to be getting better all the time. we are probably in a good place. it is an election year. i don't know if the fed is political or not. i suspect it is a little bit. we will get a cut in interest rates but it will come closer to the early spring or summer as we get closer to the elections in november. adam: i just read a prompter but i could make a compelling case for the fed not moving at all this year. the rally is so pronounced, you will push this back to the fall and no cut at all because you

have good economic news with inflation coming down, no reason to do that just yet. what do you think? >> we are in an environment as far as the stock market is concerned where bad news is good news, week economic news is good for the markets because it will reinforce the prospect of the fed being more aggressive in terms of lowering rates. if we get good news, good economic news it is negative for the markets because it reinforces a scenario that you just presented which is quite possible that the economy remains strong and therefore the ability for the fed to lower the rates throwing gasoline on a fire. and the big unknown, and every lever to put lipstick on a pig.

and with all the obvious reasons, that includes twisting the feds arm. >> do you think the fed doesn't like donald trump. >> i don't know what the fed likes or doesn't like. stuart: neil: this typically happen in presidential election years, that would benefit president biden, not donald trump if he were the republican nominee. he's a critic of the fed. >> that's correct but it's easy for donald trump or any of us to take pot shots at the fed. we should give them the benefit of the doubt they are not political. it's an election year and i think whatever can be done to keep your boston office, in this case biden probably is a step in the right direction. neil: that was judiciously handled.

don't forget henrik fisk or, the ceo, not giving up on electric vehicles. he sees a lot of others do not, he is my special guest. carnival cruise line has decided the better part of valor, we are not going to have cruises in the red sea. note to self, not to have cruises in the red sea. ♪ ♪

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neil: the president says he knows what he will do in response to the killing of the three soldiers last week. richardson with more at the pentagon. >> we are all waiting on that response to see what the pentagon will do in reaction to that. on the other side of the world, you get word from iran backed militias like hezbollah, they say they are no longer going to be targeting or suspending attacks against us assets in your rack and syria.

there were one hundred 70 of these attacks across the region since mid-october, four since the deadly drone strike this weekend leaving the pentagon to say promises to de-escalate are coming too little too late. defense officials are investigating which group launched the drone attack a killed three us soldiers and whether it came from iraq or syria. >> the president and secretary said we will respond in a time and place of our choosing, not going to go into details of what that might look like other than the fact there will be consequences. >> sergeant kennedy sanders and sergeant breanna moffat posthumously promoted to sergeant, and sergeant william rivers. the white house says president biden and austen will attend a dignified transfer friday at dover of the three soldiers. 47 us troops reported injuries for this weekend's attack, 8

were medevac, one is in critical condition. attacks from uranian back forces continue in the region. us central command saying another missile was fired towards the red sea. there was no damage reported. adam: honored to have general spalding with us, the brigadier general, world without rules offer here in the flesh. very good to see you. what does the president have to do? he says possibly or hinting something in phases. what are you getting? >> it's just going to be a strike that goes after the proxies, it won't do anything about the president has to do something different than going after the leader like donald trump went after general soleimani, something that could change the game in terms of uranian leaders.

i would sanction chinese banks doing business with iran. that would put china on notice they have to get on board. i would go after the uranium enrichment facilities and that the irani and leadership know they are next. adam: the last president going to iran was jimmy carter with the hostage rescue that ended up with soldiers death. it's almost as if every us president since has had a hands-off policy going into iran itself. is that justified? >> if you're going after something strategic, that does involve risk. going into iran, it does have risks but they are acceptable risks. you are not going to stop the attacks in the region unless you put uranian leadership on notice and if we are not going to do that i recommend thing

soldiers, airmen, and sailors out of the region. my heart goes out to those killed. neil: iran thinks they will go after surrogates around the world akin to something ronald reagan did in the 1980s, when reagan did it he wiped out half the irani and navy without going to iran itself. what's the do ability for lack of a better word of doing that? >> my concern is they develop a nuclear weapon and we have a different iran to deal with. we need to think about the fact they have highly enriched uranium and possibly taking that out before they become a nuclear power. neil: do you think they already have it? >> 80% enrichment, last i heard, you are close to weaponry. lauren: 20 you think that would be a response? >> that would send them a

message and it would reduce the risk of them developing a nuclear weapon which i think is -- neil: we reliably sure of that? >> where they are? yes. adam: good seeing you. thank you very much. the genuine article here, served his country honorably. latest on the push to get a cabinet official out. it didn't go anywhere but they think they are making progress with secretary mayorkas. more on that after this. ♪ (♪) (♪)

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we just need to advance the cure. it's a bold initiative to try and bump cure rates all around the world, but we should. it is our commitment. we need to do this. >> so you didn't take any action, you didn't fire

anybody, has not compensated a single victim. there's families of victims, have you apologized to the victims? would you like to do so now? you are on national television. would you like to apologize to the victims, showing the pictures. would you like to apologize for what you've done to these good people? [applause] >> to get through the things your families have suffered. adam: unusual event, mark zuckerberg apologizing to parents of young children harmed by social media platforms that include instagram of which he is parent at the senate hearing, that still going on as we speak. a lot of hearings on capitol hill and a push to kick out secretary mayorkas. >> border politics are pursuing

the capital impeachment for alejandra mayorkas, border talks in the senate plus house speaker mike johnson saying it's not up to congress to seal the border. johnson on house floors laying down his marker. johnson says he is relying on rumors about what's in the senate border bill but there is still no bill text. kirsten sinema says to expect a quote very soon. others think the bill is on ice. >> a month ago the votes were there. when you have votes, you take them. you don't keep negotiating and dithering. >> the focus may turn to the house, impeachment for mayorkas next week but it is about the math, the gop has a to vote margin. there are 2 or 3 house republicans who are skeptical of impeachment which impeachment what automatic late trigger the senate trial for

mayorkas. >> the spectral by house republicans does nothing to secure the border. there have been many shameful and embarrassing moments in the republican house majority but abusing the constitution by pursuing the sham impeachment effort is a new low. >> we are left with the border bill that might not be going anywhere and a potential impeachment which might not be going anywhere. none of that fixes the border. neil: now to eric sorensen and what he makes of this. he's been critical of the at ministry can's handling of border policies here but it's great to have you but i did want your thoughts on this impeachment effort against secretary mayorkas. >> this is just plain politics on the southern border. we need bipartisan legislation

that will bring solutions to this issue, not bringing up this partisan bickering of pointing fingers at one side or the other. republicans and democrats today, a bipartisan solution that will force a more secure border which will mean we are focused on making sure people cross the border illegally doing it within our own laws. had the ability to achieve legal status. those are the things to focus on today. neil: the president's claim that they passed this bipartisan security bill, he would shut down the border immediately. it's not a full and complete shutdown. allow 5000 migrants to come into this country each and every day, it was a big deal when a thousand could get into this country every day, it is 5 times of that.

that's a total waste of time, what do you say? >> we have to look at long-term solutions here. we have to come up with the legislation that begins in the house of representatives that will solve this crisis. there are bipartisan solutions today. i'm a cosponsor of the dignity act which will secure our border. legal ability for people coming across the border following our own laws and it would crack down on those coming across the border illegally. these are things that are on the floor at least should be on the floor of the house today, it's my hope speaker johnson can bring it to a vote. >> it's easy to look at the president, illinois is not a border state, not aware of this

migrant surge. the open border policies, better than 30 executive orders, he essentially funded everything donald trump had done. as signal a green light, come on over here. >> time is perfect. >> there are people making their way to the southern border today. we need to process the people. but i have an amendment, and why have an amendment, bipartisan amendments. expanding the fentanyl across the border. we need to stop the political gamesmanship here, and what are we going to do today.

they will work with democrats to actually get some meaningful legislation through. what's coming from the senate. i'm optimistic we've got bipartisan legislation, we need to pass it here because the president said he will look at & bipartisan immigration reform. we need to see that to the end. neil: do you fear its debt in the house? >> the speaker standing on the floor of the house right now. i hope you wants to see the bipartisan path forward because i think he can get the votes to get that done. neil: very good having you here. trying to find a path. thank you. the fisc or founder and ceo making beautiful electric vehicles, the problem is the push for evs isn't what it was. why he says that is different. after this. ♪

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the country's number-one reverse mortgage lender and get your free info kit. call the number on your screen. neil: it was announced quietly but has a big effect on toes the's stock. for elon musk, $56 billion, if that goes away, he could be the world's richest man. not that he would want to weigh in on that. among the noise, and the big ev makers for fisk are, and the couple being announced this

very day. i would be remiss if the judge didn't go after competitors. does it fear other things? >> there's a negative sentiment against evs at the moment. has nothing to do with that ruling, and the elephant in the room, the traditional automaker came up with ev, and came up with affordable evs, where we as a small car came in, $39,000 and showed the world's longest range, it is a big ev maker.

neil: what is the longest range. >> that's the price segment, the longest range of the suv. neil: you've got a top of the line one, $35 million through 385,000. what were the buyers of that one. >> that luxury vehicle, very few people, won't be significant moving the needle. the ocean is where we want to concentrate because that's in the midsize segment where it starts at $39,000, we have 200 instant dealers, one dealer signed up and bought 225 cars on the spot. a lot of excitement from dealers from an independent your ev maker, everyone sells direct to when they are independent. that's the first time you can

see dealers being able to sell in ev, we stop taking reservations this year. the reservation to the dealers to convert these people and get them test derived. we are excited about this. neil: i don't know if it applies to the ocean extreme but it gets to 65 grand. not bad for high end models. you mentioned dealing with dealers, something you is skewed in the past, doesn't -- you are making an olive branch to dealers period. join me on this. does that take your cash a away? >> the segment of the ev's area where we get what we call not early adoption but anyone

wanting ev, people want to go to their own deal and test drive, don't want to drive three hours. and sell 5000 cars in two places. we have people all over the us, midwest for example where they are not able to test drive a fisk or. we are setting up 50 dealerships already this quarter and that will allow us to get a much bigger foothold, they want to test drive the product and like i said, we continue strong demand for our vehicle. >> you know everything about designing beautiful cars, you know what you are doing but these have been tough times for evs in general.

i see how they had problems in called weather, where people couldn't charge out. maybe toyota, the hybrid push, what do you say to that. >> even a gasoline car had not the same range in the cold, what we've seen in chicago, may be blown out of proportion, and educational issue where they have to charge more during cold, but it's a negative sentiment that happening. neil: people saying of a hybrid approach is the best of both worlds. i can cover my bases here and don't have to get frantic about

the called weather or how to handle a hurricane. how do you deal with that and try to overcome doubters who say you make a beautiful vehicles? i just don't know if i'm going to pump down money from right now. >> you come out with a better price, hybrid costs less than $39,000. . the second part you do is come out with a vehicle that has an enormous range, 360 mile range and the third thing is offering a vehicle with unique features. we have california mode, all the windows open up except the front windscreen. we have a giant screen that's been turned into movie mode so you can watch movies when charging. you have to offer people something different, something new. when people are moving to electric cars they want some new excitement, they don't want

just another normal car that happens to be electric. neil: penetration in europe is at a higher rate than the us and i don't know what governments, what that does but such vehicles are 8 or 9% of sales, up a lot from under 1% not long ago. they are not cracking bigger numbers, automakers pushed by auto sales guys saying cool that on these demands, they are not selling. what do you tell them? >> that's very interesting for us. we see a lot of people coming to us. there is a lack of uniqueness from traditional car companies and also, beating the world's largest ev maker, with lower-priced vehicles.

price is a big part of it. not everybody can afford $100,000 or $80,000 or even $65,000 so we've got to get vehicles out on the market under $40,000. our next car will be $29,900 but 9 but at the moment we are seeing strong demand because it has the right pricing, the right range and unique features. that's what we are lacking in a lot of evs but it's good for us one large carmakers are pulling back because it gives us more market share. >> i was curious to get this out of you. the problem is tesla charging, chargers won't work on your vehicles as things stand so you have your own charging set up. don't we need to agree on a standard? i'm showing my age, the way we

celebrated the vhs beta debate in the 80s, we need to settle that. >> they actually have moved forward with their progress and will be able to use tesla, you will be able to use tesla chargers from next year. we will have adapters and put them into our vehicles. looks like that might be the standard of the future. people will be able to use all these networks next year which i think is fine. we do need one standard, the faster we can agree on that the better. neil: that the next year development where you can use their chargers and vice versa. >> correct. neil: $29,000 pair. the name strikes me as odd but that's a good market. very good seeing you, thank you very much. impressive cars, impressive developments on the neutral charging thing.

that settled some of the confusion around this, still early, long way to go. more after this.

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the sizes in my closet and keep the weight off. for the first time in forever, i feel in control. (announcer) change your life at golo.com. that's golo.com. neil: donald trump is facing a lot of legal cases, this one could be decided today, the one that happening in new york where they could decide the

fate of his business and even though there were no obvious victims, no major losses, no one lost money, this could really hurt donald trump the most, the push to take that empire of the heart because he did a lot of nefarious things with property and the rest, something quite common in the real estate industry. fox news contributor, you in the early days were sayings this one is the one that doesn't add up but for donald trump it could prove the most expensive. what do you think? >> it could add up to 370 million and that was after attorney general leticia james at the beginning asked for just a quarter of a billion and then after 11 weeks of trial when they didn't prove any fraud victims she up to to 370 billion. in my school, math didn't work that way but there you have it.

this could be very damaging. i think the frightening thing for people ought to be try to get beyond your trump obsession one way or the other because he's a lightning rod, he gets people all whipped up and transcend that and look at what this says about this law in new york. you have a situation where the state prosecutors including manhattan district attorney's office looked at this case for years and decided not to bring it because they didn't have enough evidence and thought it was not an appropriate criminal case. james website into a civil complaint under a very vague law, you can be found to have engaged in persistent fraud if there's no fraud victims and they could take hundreds of billions of dollars and if they can do it to him with his power and platform you they can do it to anyone.

neil: you can guide me, instruct me, explained this so it gets through my head, the judge agreed with the premise. the judge ultimately decides to meet up punishment for a premise, the only difference is in how much the penalty is. >> what happened here is she files a complaint that has a number of different causes of action and a lot of remedy requests that the main cause of action, the first claim is under this fraud counts. prior to the trial, the judge found trump liable under that even though they hadn't had a trial yet because he said the evidence was so overwhelming there was no trial needed on that. in the end it is like the 11 week trial was just about how much will he let tish james run up the score financially and

what on the table, $370 million potential disgorgement penalty, all kinds of state law provisions they put him out of business, under monitoring. neil: no one was harmed, the banks said we are fine and money was paid back, nothing nefarious going on, real estate values change by the week especially in palm beach, by one hundred or more. where's the crime? >> that's the point. in terms of your prosecutorial discretion. we know a lot more of these guys than i do. we are talking about the big leagues with sophisticated financial players. they do our own due diligence regardless what somebody represents to them about the value of their assets. it's not an appropriate criminal case. or civil case. neil: if they are making money they will check what you are making.

andy mccarthy, we will see what happens. more after this. ♪ if your business needs a new application then developers will have to write code. a lot of code. if an application needs to be modernized then you'll need time, resources... and caffeine. if this sounds daunting then use watsonx code assistant ai designed to multiply developer productivity so you can generate code quickly. let's create a more modern foundation for business, with watsonx code assistant. ibm. let's create. dad, we got this. we got this.

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♪ sofi is helping me get my money right to achieve my ambitions. like earning more money on my money as a head chef. ready for service? ♪ bank with sofi to earn a higher apy and an epic welcome bonus. neil: the tech ceo hearing has resumed, the magnificent seven, stock leading the year and last year have come down a bit but they are still up there quite a bit. jackie deangelis and "the big money show" gang are here. taylor: we will take it from here