new york is one of the priorities they hope this administration sees is to fund, because it is going to open up ways that block the northeast corridor today. other things that were shown nb the survey, energy is a very important sector for investmenta and majority, 53% of all of the energy projects that were prioritized were renewables. so some people may say, solar and wind are not yet ready for major investment, but out in the country, 53% of the energy projects are solar and wind. and another example, and by the way, if the priority is not just stimulate jobs, but to close some of the urban-rural gap and create opportunities in rural areas, energy projects do that very well, because obviously, where do you put a wind farm or

solar farm, and where do you put a coal or gas generating station out where there is plenty of space and creates economic development in those locations so there is other national priorities that can be addressed with the infrastructure, and those are some examples, shep. >> henry cisnernos, and we can't thank you enough for the insight that we may be seeing in the years and months ahead, and sir, thank you for your time, and you s can see the former president bill clinton and former first lady departing as well. it is 1:00 on the east coast and 12:00 9:00 on the west coast. and there a signing ceremony in about six moments from now, and thank yous now from the obama family as they depart today. one of the things that has happened over the last few minutes is -- greetings to all

on stage there. and president biden, and first time vi i have said that. and president biden is sending out the first tweet in the united states account, and there is no time to waste when it comes to tackling the crises that we face and so i am heading to the oval office to get right to work to deliver bold action and immediate relief for american families, and we will watch as that process begins shortly. first, michael waldman, president of the brennan center for justice at new york university and former speechwriter for president clinton, and so, thank you for being here. your thoughts on the inaugural speech, and inaugural address and what you believe might be lasting and if possible hist

historic >> it was a strong speech, and the normalcy and what was strong was the way he spoke about democracy and as most do, but speaking about how we are unite and the uncivil war is over. a very far cry of the american carnage that his predecessor said four years ago. striking that he drew sharp lines of the white supremacy of the virus that the country faced and he focused on truth and persuade lies and about the election, but far beyond that, and so there were battle lines drawn as well, but i think that there is a unifying speech about the classic, you know, and there is a lot of repetition in these speeches, but even things that might be hokey or ben ile take

on a new meaning. >> we heard democracy and heal and challenges eight times and it is time honored that everyone speaks of unity, and we are in a period of decided disunity, and talking about it and getting it done are two different things. to what degree do you believe that the tone that is set and the words that are used can help to be a self-fulfilling prophecy >> i think that often there is a follow-on from the tone of the inaugurals. there was for president trump. there will be for president

biden, and the fact that he delivered the speech as he said on the very spot where two weeks before there was an insurrection and violentinsurrection agains the democracy and people want action and that requires some rough and tumble politics always. they want unity. those two things don't always come together, but i get a sense at least that as i was watching and moved by a really well done ceremony overall i thought given the circumstances, sort of a sigh of relief, and little bit of the exhaling that we may have some normal politics and people will fight over tax rates and they will fight over contentious social issues, but perhaps we won't have the demonization and the existential threat to the democracy that we have seen in resurfacing in recent weeks. >> michael waldman, thank you so much for your thoughts on this

and hopes for the future as the bands are playing or prepare to, we are waiting for that signing ceremony which is going to happen, and the schedule i moved a slight bit. and we are told it is five to six minutes away, and while we have the time, let's bring in bob corker, the former republican sen ator from the state of tennessee who has had his trials and tribulations with the outgoing administration and rather than talk about that, i prefer to speak of the future. so bob corker, as you are looking ahead to the future of the republican party, how do you see it repairing the division and moving toward? >> well, first of all thanks for having me on. i thought that the president biden's speech was very good. hit all of the right notes, and at the end of the day, as you know, and in washington it comes down to policies.

it was a great tone, but the policy differences are going to be real within the republican party, and the types of efforts under way in the last administration and coordinated with the first of all meant a lot of politic successes as vi told you in the past, but we have also, we can have a debate now as to what the country's role is in the world, and issues like fiscal spending, and trying to balance budgets, and they are going to have a series of things that will help to define the republican party, and at the end of the day, it is the person who ends up being nominated president over time, and that really, as we saw over the last four years is what determines ultimately where the republican party ends up. but there is certainly going to be a debate between populous of the party and more traditional conservative republicans, and we

will see it is play out in before our very eyes. >> you have been in this mix for a long time, and that you are no longer a part of the body does not mean that you are not in touch with it. i'd really like to know your sincere thoughts of whether the former president's discussions of a patriot party, the potential thereof are a real thing, and how you believe that the extremes of the republican party, as they now exist could be brought together, a place that might be a beginning for the republicans watching some form of hope and direction >> we used to have talks about the republican party and the democratic party as well, because you will see fissures, and you will see things like

biden's natural tend sis, and so it is going to be, it is going to be difficult. as far as the president and the new party, and there is a lot of discussion about that kind of thing occurring and no question he is going to miss the podium, and he is going to miss, you know, having people listen to everything that he says. that is going to be a very difficult transition for him. my guess is that he is going to try to find a place to have a platform to say what is on his mind and rally folks adulation i the past, but it is possible that we could see fissures that end up creating a different party. for years people have talked about having a independent party to link together the moderate centrists on each side of the aisle that really want to solve the nation's problems and then we have had people on each side of the road in the right ditch or the left ditch or more

extremes of the parties that have pulled it in a different direction on both sides. i think it is possible that you could see a new party, but i would like to see that we have a coming together, but there is going to be policy differences. >> bob corker, thank you, and the best to you and your family. as i said, we are coming up on the signing ceremony and then as the new president has stated, time to get to work and he is going to do that. and for the insight on that, let's bring in kayla tausche, and president biden is planning to sign anumber of executive orders coming up this afternoon, and give us the details as we have them. >> well, there are going to be 15 executive orders signed later this afternoon, and the signing

ceremony that you are referencing is more of a ceremonial event in the capitol with the joint congressional committee over the inauguration, but most of the transactions will happen in the oval office this afternoon at 5:00 this evening. they will run the gamut of what the president's chief of staff laid out several days ago as the four competing crises, the covid pandemic, the economic crisis and the climate crisis and the crisis of social injustice, and on each of the points, the administration is going to be enacting several executive actions and reviews on covid-19. we'll start there. they are going to be issuing a nationwide mask challenge, and federal mask mandate on federal property, interstate travel, and trying to institute a requirement for masks on the-- in the perimeters where they are actually going to do that, and

they are going to be centralizing the government's covid-19 response and initiating the process to rejoin the world health organization or stopping the process that the trump administration began to withdraw from the world health organization, and on the economy, they will be extending the regulations that give extensions to student loan borrowers and find relief for americans where they can. we are expecting on the climate front, the administration is going to be rejoining the paris accord, and also rescinding a permit that the trump administration signed in the early days of the keystone pipeline and roughly $8 billion investment that is under way but coming under sharp criticism from the environmental wings because of the type of oil that it transports is extremely bad

for pollution, and that is solicited the ire of many republicans as a job killer. and then we expect the department of public works led by susan rice to be have a whole litany and they will be reversing the ban on travel from muslim majority countries while keeping travel bans in place related to the covid-19 pandemic. so shep, there is so much that they plan to do, and certainly, this early period is going to be defined by a reversal of action rather than an unveiling of new policies at least in the very immediate short term. earlier today, the incoming press secretary jen psaki said

that even though the administration is also going to be unveiling a widespread comprehensive immigration reform proposal that president biden is going to be saving the political capitol in congress for the covid relief bill which we expect to see negotiations begin in earn nest coming days, and the immigration reform bill is more of a placehold over the ed a -- placeholder of start of negotiations for the one-two punch to have this rescue plan at the outset to start neg negotiating very soon, and the administration plans to unveil a larger package focused on infrastructure that you were discussing and manufacturing and job creation in the month of february. so it is a busy few weeks that they are laying out the plans, and we expect to learn more about that this afternoon when some of the executive orders, shep, they are signed. >> kayla, thanks.

thank you so much, and when we watch for that and you mentioned jen psaki who is the incoming press secretary for president biden and we have been informed that she is planning to hold a white house press briefing and something that we have not seen in some time, and that is at 7:00 p.m. eastern and 4:00 pacific today so at the same time of the news on cnbc, and we will have live coverage of that news conference and the questions and the answers as they come. a return to some bit of tradition there. and cnbc's eamon javers has some details of how that is playing out. eamon? >> yes, a grand reshuffling here in washington, d.c washington in these hours after a presidential inauguration is like that famous duck, placid on the surface and regal, but below paddling like mad to get things done. that is what is happening in the white house. a flood of aides are reporting. jen psaki has tweeted out that

she is in the building and ready to go for her press conference later on this afternoon in the white house press briefing room. and i have gotten my first email from a biden aide with a white house email alias associated with it. so they are take over the reins of government behind the scenes waez a as we are looking at the pomp and circumstance and inside of the government, the biden aides are moving quickly to assert themselves here to take over the reins of power as we are looking at what is going on and look at the press briefing around 7:00 this evening, shep. >> great, and we are going to be looking forward to that and live coverage of that on the news on cnbc beginning 7:00 p.m. eastern today. there is so much work ahead especially in reconciliation and working across the aisle, and leader mcconnell is going to be a big part of that, and we will have that covered up on capitol

hill with elan. >> yes, and democrats will take control of the capitol hill once the two democrats from georgia are sworn in at 4:00 or 4:30 p.m. and also alex padilla who is taking over the seat that was vacated by now vice president kamala harris, and they will have the reins of the chamber, but the chamber is divided 50/50 and that going to require some compromise with minority leader now mitch mcconnell who they will have to decide the ground rules for how the senate is going to operate. and we heard earlier on cnbc from tom daschle who said that when he was in power back in 2001, running the chamber with trent lott, it took them three weeks to come up with the organizing resolution of how the senate will run, but now they don't have the luxury of time to decide how the impeachment trial of how president trump will go, and how the senate will be configure and who is going to be on which committee and joe biden

can enact the legislative agenda, and we heard kayla and eamon talk about the flurry of the executive action, but if he wants to push forward the build back better plan, he needs congress to do that and he needs some republicans on his side which is going to be taking a building of trust that we will start to see play out, and start to see the contours of what that relationship looks like once mcconnell and schumer are able to come to an agreement on exactly how the chamber will operate in contentious and divided times, shep. >> contentious and divided, yes, but headed with unity with hope and fingers crossed. a live look now outside of the doors where we are waiting for the signing ceremony to begin. if we can take a look at the front of the capitol, and we have talked ad nauseam since the events of two weeks ago about the security, and the heightened level thereof and the protective

teams the and the 25,000 national guard troops and in addition the state capitol and the territories beyond and the greater awareness and the large amount of internet chatter and the many threats and none specific, and aim i am thrilledo report to you across the nbc platforms and our sister networks at telemundo and beyond, we have no reports of incidents outside of the norm at any capitals including the u.s. capital all across america today. whatever might have been planned or whatever chatter might have been heard, democracy and the rule of law have held today with the greatest thanks and the utmost respect for those who have kept us all safe and prepared for this important day. inside the ceremony is heidi heitkamp, a former senator from

north dakota joining us on the lye line. and you were there for this, and so few were, and your observations and takeaways, senator? >> this is my seventh or eighth, i am not sure inaugural, and ever are one different, but this is among the most some ber. s someber. and the poet was the high point, and for many it was the whew, and president biden and we can say that now, and not president-elect, but president biden's speech was workmanlike and it was not poetry and let's get together and i hear you, and pretty much a lot of what he has been saying all along and the mother's milk of communication is repetition, and that is what

the president talked about, but there was a collective sigh of relief and bipartisan and then awareness that there is so much to do as the president said in his inaugural speech. these are hugely challenging times. >> the world is watching, and boris johnson spoke in the u.k. that the variant has found the peak and maybe coming down slightly, and he also just said that the united states and the united kingdom have a fantastic common agenda as president biden takes office. our greatest, though there are many, but among the greatest challenges is the covid which is ravaging our nation, and few hit harder than your own home state of north dakota. your thoughts on this transition from a sort of the state-led

hodgepodge approach to the more national approach to tackling the virus, and how well you think that the incoming administration will get cooperation from some certain governors across the land. >> well, everybody needs to know that how governors are going to be remembering is how well they do, and many of the governors have been discouraged with the bipartisan in terms of the national leadership. so, the team that president biden has assembled are going to be aggressive to reaching tout the governors, what do you need and what makes sense in terms of the national strategy and you making the decisions. i think that his commitment toit will get that going. and typically there would be a

dinner or lunch with members of congress, but if i know president biden, he is in there schmoozing already, and patting the backs saying i want to work with you. >> pardon the interruption, and i would not do so, but president biden is performing that ceremonial signing procedure and let's listen. you'll notice there are three packets there. and know that three executive orders are being signed in this ceremony. we don't know which executive orders, but it is all together

possible that the new president will tell us. let's listen. >> thank you. >> thank, guys. >> thank you. >> and that is the end of that. the press corps is being escorted out, and we will learn more about that later. i was speaking with heidi heitkamp the former senator from north dakota and i have one more question if you are still with us. >> i am. >> and that is that there is a looming matter of impeachment. the chuck schumer has made it clear that impeachment will happen. he left no ambiguity and so when might the speaker nancy pelosi send it over and might begin, and so moving forward with impeachment could impede the work that the president wants to get accomplished and yet certain

factions of the party cannot wait for this to happen and want to have it move forward with gusto, and what is your advice if asked on how the proceed with that matter? >> i think that what they need to do is to figure out the schedule and how they can get these appointments in place to advance legislation, and then also meet the responsibilities that i have un-- they have now that the house has impeached this is a moving part, and it is more important to do it well than fast. right now, we do not have using language, the clear and present danger if this had happened three weeks ago, so i think that at the t the end of the day, the members today were much more interested in advancing policy than they were about this, but

they understand that there is a lot of people out there, and even themselves who saw an insurrection who believe that the president was responsible for it, and that there needs to be consequences to president trump. so they will figure out how to balance it, but my advice is don't let, and don't be in a hurry. there is more information that you will find out, and we are now hearing about conspiracy theories and organizations and figure out what happened that day. >> heidi heitkamp the former senator from north dakota, all of the best to you on this truly american day, and thank you so much for your time. we mentioned that the president said today, when he was president-elect in the inaugural, and he was president then, and he said that unity and bringing america together is his top priority, but in the main, getting control of this virus must happen before america can move on just about every front.

-- socially, spiritually, intellectually, education, and certainly in the economy and above all the health of the nation. the virus is trending up, and the vaccine is not under control. meg terrell covers this vaccine for us, and what is the biggest challenge of the rollout of the vaccine, and the inauguration speech certainly confirmed that it is top of the mind. >> certainly, shep. you know, some of thethemes that president biden talked about in that address were public good, the duties that the things that we owe to each other, and our responsibility to one another, and a lot of that speaks to what we are asked to do in terms of public health, and wearing masks and not to

protect just yourself, but each other, and a lot of the executive orders to see from the president have to do with the pandemic, and we are hearing that he is going to sign an executive order to require masks on federal buildings on federal lands and asking everybody to partake in the 100-day masking challenge, and also to create a covid-19 coordinator position to report to the president, and restoring the national security council pandemic office and focus on the biodefense office and preparing for this pandemic, and the next pandemic, and rejoining the world health organization and dr. fauci is going to address the w.h.o. tomorrow, and so all of this is putting us in a different position they hope to fight the pandemic amid the rollout of the vaccine and amid all of this truth and transparency and everybody is eager, and myself

inc included, when they get in there what the numbers look like of the vaccine supply and how this rollout is really going to look like and going to happen. >> meg, thank you so much, meg terrill who has had groundbreaking and scientific reporting throughout this that has been spectacular. and so we have talked about the agenda and how the new president has placed the priorities and the unity and the priority one beyond that. the vaccine and healing the nation, and beyond that, and connected, the economy. the recognition that we have two economies, and one is in the stock market which is soaring today, and the other is the real economy where millions of americans are suffering without jobs and facing a housing crisis, and there is an enormous

food cries is and the likes of whi -- food crisis, the likes of which we have not seen in generations. steve leishman covers that for us, and what you have seen today and the projects in the works, the outlook of the economy, steve? >> well, my outlook on the economy, shep is that there is a time when my report comes before meg's and that time is not now, because there is nothing matters for the economic outlook than getting the pandemic under control and getting the vaccine distributed. all forecasts for the next several quarters and indeed the next several years are based entirely on the pandemic getting under control, and the vaccine getting distribute and us reaching a herd immunity, and what is clear is that president joe biden understands that the pandemic comes first. he has an agenda that is a mile long, but it is several miles away from the top two items on the agenda, and that is getting

the pandemic under control and getting the jobless back under control, and if you are looking at what has happened in the last several week, and the launch point for this is president-elect biden announcing the $1.9 trillion stimulus, you have seen the growth forecast going up to 7 or 8% in the second and the third quarter and indeed some forecasting shops like goldman sachs and barkleys are looking for double-digit which is china-like growth in the old china-like growth in the next couple of quarters and that is the key for the next couple of quarters or the next year or so s and then we might get to stuff like what happens with the corporate tax an the issue of joblessness, but the pandemic is first, second, third and fourth. >> and so looking at those who are looking at the infrastructure spending alongside the vaccine distribution at hand who see

even in the short term some positives and not for wall street, but for the real economy? >> you know, i think that infrastructure spending, shep, when it comes to the political and the economic agendas of president biden is going to be a home run in the following way. investments in the economy will have returns, and so both the democrats and the republicans will have investments in infrastructure spending, and interesting to see if they separate it to have a bill to bring both of the sides together to be in terms the of spending for the american economy and immediately putting people to work, and sometimes decades when it is coming to things like transportation infrastructure. >> steve leishman, senior economic correspondent, and thanks. a quick check on the markets of the day, the and stocks are up

f --s -- stocks are up a second day. and netfliks had enormous numbers and shares are to lead the nasdaq and s&p 500 to all-time records we will have continuing market coverage and more on the ceremony in washington as we wait to see the new first family and the vice president and second gentleman just minutes from now, and first a quick commcieral break. this is cnbc, first in business worldwide.

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and now, all of the players are making the way to gift giving ceremony and more importantly in the ceremony, we will hear from the new leadership team, specifically chuck schumer and nancy pelosi and leader hoyer and others. ren this historic day. there is the president and the first lady there arriving for the ceremony, and we are expecting that later in the day, there is going to be executive orders signed, and we are told that the president will go straight to the oval office when the ceremonies are over, and the work of the people, and tonight, at 7:00 p.m. eastern as the news on cnbc begins, we will have the

first press briefing from the press briefing room, and jen psaki is going to lead that. so i believe that the president is going to speak briefly here. let's listen. >> the first lady and the vice president and the first gentleman, and we will have a lunch and no personal lives have attended more of those lunches than president biden has, and it is a moment to be bi-partisan, and it is the time to bond between the executive and the, and the legislative branch of government, and probably don't need as much bond, because we have that natural bonding with you and the traditions here. by those tradition, usually, there is a painting at the front of that event that the chairman picks. this time, not knowing that we were going to have an event of what we were going to do until late, i asked dr. biden to help pick the painting, and this is the one that she recommended. the painting is "landscape with

rainbow" and rainbow is a good sign it is loaned to us today from the smithsonian and american art museum. the artist is robert sheldon duncanson, and he was the best known african-american painter in the years surrounding the civil war, and he is based in cincinnati. encouraged by abolitionists who among other things the sponsored a trip for him to do some study in europe. this is a painting that he painted in 1859, and i think that maybe the more that it is sort of the classic america as a paradise painting that a lot of the painters were doing then, but for him, a black artist painting this painting that's so much like an american utopia on the verge of a war that we would fight over slavery makes all of that even more interesting and

in that while he faced lots of challenges, obviously, was optimistic even in 1859 about america, and so dr. biden, thank you for helping to select this painting and glad to have all four of you here as we move on to my good friend senator klobuchar. >> i liked the rainbow. >> the rainbow is always a good sign. >> let's hope so. >> thank you. >> mr. president, madam first lady and the very first, first gentleman, and it is our honor to present these custom made crystal vases to commemorate

your inauguration, and lennox i the well known crystal company who has commemorated the last inauguration, and i won't hand them to you, but combined they are 64 pound, and jill is very strong and she could take them both. exactly. so, the lenox company is based in bristol, which you know is a mere 132 miles from scranton and since we know today all roads lead to scranton and the team at lenox has worked for months to capture this inauguration and your journey, and yours features the white house and yours features the u.s. capitol, and the hope and the faith that the american people have placed in you to move our country forward.

thank you. >> unbelievable. >> thank you. >> thank you. >> well, mr. president, madam vice president, while the pandemic has sadly limited our usual hospitalities as others have mentioned, i am very glad that we carry on some of our favorite inaugural traditions. it is my honor and privilege to present these flags of our nation that were flown over today's event here at the capitol, and i have to make one point of personal privilege on behalf of the senate with all

due respect to the distinguished speaker and our colleagues from the house, i have to note not only did we just swear in a son and daughter or of the senate to these high offices, but indeed, both of the former senators skipped the house altogether. the star spangled banner is our greatest symbol of our endurance of the american idea, and it flies over this building on triumphant days and entouragic ones, over all factions and all parties. and today, this flag flew over our former colleague's inaugurations as the very first female vice president of the united states and so to our very distinguished former colleague, madam vice president, please accept this flag with highest compliments and congratulations of the united states senate.

>> the distinguished leader of the senate pointed out that he has hosted this lunch for members of the senate who have become president and vice president, but i have had the privilege of giving a flag to the president of the united states the flag that was flown when you were sworn in, mr. president. this flag is, may it reflect all that is said about your inauguration. america united. may it be a symbol of the hope, the healing and the just all of the enthusiasm that you have for our country, and as we heard the beautiful national anthem, when we were at the stadium and they

say, "is our flag still there" and you say play ball, right there. play ball. so we will get ready to play ball. and we are ready to go with the inspiration of our flag flying. but again on behalf of the house of representatives, it is my privilege to extend to you the flag that was flown the moment, the early moment that you were sworn in as president of the united states. thank you, mr. president, thank you, dr. biden, thank you. if we had the lunch, we would have had california wine, is that not right mad dam vice president, and mr. emhoff, congratulations. with liberty and justice for all. thank you.

>> president president, dr. biden, and vice president, and mr. emhoff, and on behalf of the members of congress, congratulations and very proud of you both. when president washington was sworn in as the first president of the united states, only a handful of people saw the ceremony or heard the famous first inaugural address. today, the inauguration is seen

around the nation and indeed around the world. yet, the task facing the nation is no less momentous than it was in washington's time. i listened to the speech today. you talked among the tension and division, and our tasks as leaders is to bind this nation's wounds and dedicate ourselves to the values of all americans share together. with modern technology, just a few minutes ago, it captured in these pictures history in the making for all of the world to see. this picture shoulder serve as reminder of the task before us. as proud son of california, it is my honor to present to a very proud daughter of california as well. today, vice president harris made history and all of america should celebrate that. but we should also remember that this is not the end, but just the beginning. as leaders, we are judged not by

our words, but by our action, so let's go forth from here together and accomplish great things for the american people and every time you look at this photo remember the beginning of the job that we have to do. congratu congratulations. >> madam vice president, mr. em emhoff, dr. biden, mr. president, no, joe, you mr. president, and we are so proud of that. dr. biden, he makes you call him mr. president? marriage is about to get rocky, i can tell. on behalf of the joint congressional committee of the inaugural ceremonies, i, too, am proud more than that, i'm ecstatic to present the two of

you this picture. a testament to technology. and a testament to history. mr. president, in your speech, you talked about faith, and you talked the about tribulations, and you talked about victory. the johnson brothers wrote a great hymn, and you know it well, mr. president. today, we have a new day, and that hymn came out of faith and out of deep trouble into hope, and they said facing the rising sun of a new day, let us march on to victory's won. that is what your speech is about, and that why we are so proud and ready to march with you, president biden. god bless.

>> thank you. thank you. thank you, veryone. a quick turn on the photograph there. the president and first lady and the vice president and the second gentleman all there for that ceremony.

another in a series of traditions that have indeed gone through today. we have been talking about the new president's priorities and talked about the vaccine and healing the nation, and talked about the economics of it all, and one of his biggest pushes will be on immigration, and -- with the immigration crisis? he has -- the president has a long list of plans laid out, sal t trujillo has advised two former presidents on immigration. your thoughts on what we're about to see on daca, on dreamers, on immigration reform, on a pending border crisis, and how this president will handle it >> first of all, let me say it's a great say, like a breath of fresh air, seeing both parties, both tribes as we've been calling them the last few years, but uniting around america

so to your question about the economy, our economy for all is really important it think about, as opposed to just for some. the for all -- the metric that we bit people like to look at is gdp, gross domestic product, as opposed to just the dow, the nasdaq or the s&p. one of the things we have seen, if you contrast the reagan era, the clinton era with 3.5% or higher average good. dp growth, it was driven by labor growth rates we've had a countervailing wind against us the birth rates started getting lower and lower. the number of people coming into the market has fallen off. ronald reagan understood that, so he made a big push around

immigration, legalizing and allowing people to become citizens, so that they could fill the gap we have an even greater gap, where in the last year we reached the lowest point in modern history of 0. 5% growth rate we need immigrants, immigrant workers, workers of all time some say we need to make it merit based. if you asked me to be a welder, i would basically say i have no skill to do that i probably be 'lowed in. some of this is about where the economy needs. so last year we had 7.5 million unfilled jobs. that's what's part of what drives or gross domestic product and what drives an economy for all, as opposed to just for some sorry to give you a long answer, but this is really important immigration reform, probably one

of the two or three key economic issues that we need to address and address it quickly, so we can really stimulate our economy. >> sol trujillo, thank you so much we've been informed that the president will be tackling that on the days and weeks ahead. you see members of congress and their families emerging from the half, as in moments from now, they will all participate in a military pass and review, which is -- which has happened now for the last four or five inaugurations i have covered it's always fun to watch ahead of the parade. as we begin to wrap things up and head over toward "power lunch" in just a moment, i want to get some final thoughts from our correspondents, first from ylan mui, who is at the east

front of the capitol. >> reporter: it was so interesting to hear mitch mcconnell welcome joe biden and c kamala harris. when he first ran for the senate, many thought it was his father he's returned today as an elder statesman, the capstone of decades of public service and political office the relationship he has built with lawmakers here you today on display, that is going to be more important than ever, as he seeks to enact a bold and aggressive agenda within just the first 100 days in office, shep ylan, thank you. i want to get over to eamon javers, who has covered the white house the past four years. >> reporter: they're turning a page, and some of they senate

traditions are being mocked sometimes, but it does offer an opportunity for a fresh start, as ylan was just talking about so interesting to see kevin mccarthy there giving presents mccarthy, of course, joined a lawsuit to try to prevent that election outcome from happen he voted to try to block the electoral counting of votes, and here he is in his role, offering a gift that shows you the moment we're in, and of course the challenge that the new president will face with this republican minority in the house and senate, in forging new relationships with those people who can affect the governance process that begins today, shep. >> you know, i know you've been through so much in the coverage

of the previous administration, and now moving toward this new one. i wonder what you are most looking forward to as a student of the process >> reporter: you know, the chaos of the trump years is what stands out in my mind, the not nothing from minute to minute what was going to happen, what the president would do the realization i came to, it took a while, that even the aides closest to that president did not know what he was going to do moment to moment a case in point, we saw another pardon issued this morning that's gotten lost in the shuffle today. the president issued a pardon to the ex-husband of a fox news personality this morning all of those sort of impulsive decisions, a presidency of one is what we saw over the past four years i think what you'll see now,

i'll be fascinated how that power flows through washington, and whether biden can do what trump failed to do in many ways, which is to unite the country, and to turn around the economy and turn around some of these long trendline problems, like on trade and infrastructure, that the previous president tried and failed to address. >> trade, infrastructure, and very first top of the agenda is laying out a coherent and contingent vaccine distribution plan you do wonder how much pushback the new president will get from certain governors across the land, eamon. >> reporter: absolutely. the governors and mayors will be so much of this administration here they talked about that, the staffers do, in terms of who they're reaching out to to try to impress on them the need for this major legislation they're proposes, of economic stimulus,

of covid funding to get testing up and running, to get the vaccine up and running they're relying on those local officials to pressure them and say, hey, look, we need this whatever your political party is, we need to get this things going. the whole saying is all politic is local we're seal all politics is national and all pot tickets is -- as the biden team trying to invigorate to lean on the folks in washington, d.c., to do what the biden foeblgs says is the right thing to do, shep. >> eamon javers, thank you. if the at the military pass has begun. let's listen for a moment. ♪

♪ ♪ ♪ the pass in review will go for some point, as it does every four years in america, when the peaceful transfer of power happens, as a shining light for democracies and emerging democrat sayses, and this is how it's done. say what you will about the weeks that have passed

much will be written and much is yet to be decided. through all the chaos. the insurrection in this hallowed place, today we proceeded, as we always do, as a united america according to tradition. our coverage continues tonight on the news on cnbc, 7:00 eastern, 4:00 pacific. now it's time for "power lunch" with jon fortt and kayla tausche. >> thank you shep. we are both watching washington and wall street, as president joe biden and vice president camera harris are officially sworn into office not long ago the markets are higher, hitting a record high up nearly 2%, s&p and russell hitting highs as well kayla tausche it in washington, where the president is saluting and will