i taped it. most of fox already seen it today. i'm told i made a fool of myself susan: do you think lamar and tim kaine run for their money you hit the high octaves. stuart: i won't be there. susan: tell me what day you will run the promo. i will not be here. stuart: neil cavuto will be watching me, is that right? neil: it is very good, you have a very good voice. stuart: you saw it? neil: yes i did. i was watching remotely. >> okay. all right. neil: just thought i would tell you. looking forward to seeing it again. looks like a pay-per-view event. pay-per-view event. i will do the italian accordion thing i think we're off to the races. we'll look at that it is very good, stuart. blew me away. not the sweater. your viewers are in for a tweet.

in for a tweet. for you folks at home doing hit, play, record, you want to save that puppy. we have a lot, we have a lot going on right now. chad pergram on capitol hill on this battle for more stimulus. they are finding a lot of common ground but they're also finding some nitpicking problems that could delay this. remember, they're coupling it with a spending measure that will keep the government lights on, you heard that before but each side is making some concessions. as far as lame-duck sessions are concerned we could see some progress. that's why pretty much have the dow lifting up. that and optimism about this moderna vaccine that could be approved by the end of today. we just don't know. it's a twin bullish development for the markets here. we're on top of that. first my buddy chad pergram to sort of wane you through the congressional ins and outs on all subjects relief. hey, chad. reporter: good afternoon, neil. they're probably not going to

approve this today. it is often darkest before the dawn and that's where we are as they try to finalize a combination package for covid relief and fund the government. senate majority leader mitch mcconnell reiterated that christmas is the worst time of the year on capitol hill. >> well, we in congress are no strangers to december funding deadlines or the occasional pre-christmas cliffhanger. in that respect the situation we face now is familiar. reporter: house speaker nancy pelosi and senate minority leader chuck schumer spoke late last night with treasury secretary steve mnuchin. they traded offers again today. >> how did the negotiations? >> we talked this morning, waiting to hear back that's it. reporter: the last mile on legislation of this dimension is always the hardest. one thing which could goose members to move are the 885,000

jobless claims filed this week. unemployment expires after christmas. republicans believe democrats want to repurpose disaster aid as help for state and local governments. they say even if they move fast they have a problem t takes a lot of process and make sure they have the votes. senators may have to work over the weekend to do a short-term spending bill. congress needs more time to wrap this up. neil? neil: one way or the other, if they come up with covid relief there will be more relief in a biden administration, right? is that a given? >> that's when we're thinking. they did a stimulus package in 2009 after president obama took office. that is on the table. mitch mcconnell said a couple days ago we'll get another bite at this apple because the incoming biden administration is

asking for something else. that is possible. you have to see where the votes are. are liberals going to want more? are conservatives willing to spend again. they're apoplectic about this level of spending that will be a heavy lift. neil: when you pass 4 trillion, you kind of lose count, don't you? but who knows. reporter: what did daniel patrick moynihan, a billion here, a billion there? now we're up to trillions. neil: then we're in deep, deep, deep trouble. all right. where does all of this stand to chad's point and key players could decide where this goes? my next guest is among them. anomaly on capitol hill, a, very, very smart, doctor by training and now serving good people of ohio. we have republican member of house ways and means committee. former combat surgeon, much, much more. so, congressman, always good to have you, thank you for coming. >> thank you. neil: how likely do you think

this covid-19 relief measure is? >> well i think it is really important, and i hope that we are much closer than we have been obviously for some time. look, we're at difficult time right now. people are losing their jobs and you just look at restaurants, for example, even those that can stay open outside it is snowing out in a lot of places right now and you know but we got a vaccine that is on its way. so that's the good news i guess is the vaccine part because it could put an end to all of this. we were trying to avoid from the get-go to avoid going into a depression and that is what we're trying right now. we tried over 40 times to reopen the ppp program. that was denied in the house of representatives by speaker pelosi. what i've been hearing that as things are laid out on the table whatever the dollar amount was speaker pelosi always wants more. that's a problem but at the same time democrats have come a long way where they were this summer on some of these issues.

what i'm hearing so far neil there is discussion of a stimulus of about $600 a person to extend some unemployment, have a boost of unemployment about $300. and so there is a lot of things moving in a direction but we may still be hung up on liability and also hung up on relief for states. now my feeling is, let's take that off the table for another day because we got to get something out there for the american people to know what is coming their way. neil: you know you mentioned take that off the table, does that so the liability thing, republicans would have you know grit their teeth say it is not going to happen with this but democrat was have to go along for quick aid for the states as well. how likely do you think that is, get a measure, provisions near and dear to each party are very stripped out? >> knows are important measures f we take them out of the agreement doesn't mean they're

off the table so we can continue to work on those. right now we have an emergency situation in the country and we have no know to let the american people know what they can and can't do moving forward and as winter sets in it doesn't make it any better, any easier. we need to listen to the american people and struggles they're going through, why it is important that we get the meat and potatoes of this done, let some of those other things be argued another day. i think they're important to argue, don't get me wrong. but at at the same time the american people are struggling. neil: while i have you, i could tap the doctor surgeon part of your fine brain, sir, get your read on making vaccines mandatory especially coming to the coronavirus itself? i caught up yesterday with mitch daniels, as you know former indiana governor, former budget director for president bush, now the president at perdue university, 45,000 students strong, he said for them, might

be a good idea. this is from an interview i had with him yesterday, sir, to kind of force the issue, make it a no choice kind of an issue for kids and administrators alike. this is from yesterday with mitch daniels. i want your response to this. would you force that issue at purdue, students, those who teach, work there, when it becomes large enough and available doses, get the vaccine, make it mandatory? >> we very well might. we certainly, we have done that with other vaccines in the past. we did it with the flu vaccine in the first semester. now we make exceptions. neil: how do you feel about that, make it mandatory? >> i prefer not to make it mandatory although as a member of the military we have to get the flu vaccine every year and as a physician we have to. so there are times where you are required. i would prefer to quit dividing the country on this.

our adversaries sometimes people within this country want us to be divided on something. medicine is not a place where we should be divided but as a doctor, i can tell all the doctors i know in congress willing to roll up the sleeves and get the vaccine as soon as it is available to them. we have to get messaging to the american people to continue to explain how this process was safe and it was sound. we went through all the proper steps and at the same time there is, this is technology, that is proving to be safe and effective. if they want to put an end to this pandemic, you know it will be really, really important that we do that because i want the american people to be trusting of this as they should be because i trust it and i trust the science that has gone behind it and so be completely transparent about it. what it can and can't do and have the american people say i want to take it and it looks like, if you look at the trials how many people volunteered to be in the trials and now you're getting fda approval even more

people are lining up to say give this thing to me, i want to put an end to what is going on and i trust these people that have devoted their lives to try to save lives around produce products that can solve a problem like this pandemic. neil: all right. congressman, doctor, thank you very, very much. good catching up with you on this. interesting read maybe we don't need to force the issue of vaccines. people happily take it to be safe and keep loved ones around them safe as well. you were noticing as the good congressman was wrapping up there moderna stock is jumping on news its own vaccine treatment and antibody treatment could be approved by the end of the day. get the read on all of this with a doctor, former health and human services chief medical officer, stanford university, associate professor. doctor, i hoped i pronounced your name correctly but i did want to get your take on the moderna and the significance of that and getting approval for

that and doses out within the next 24 hours, what do you think? >> good morning here from california, neil. great to be on your show. this is exciting to hear about moderna's potential and really impending approval for emergency authorization. what it really does is give us yet another venue into more vaccinations across the united states. as you know pfizer already had some issues with their supply chain and [inaudible]. having another company, another vaccine available is only going to be particularly with the results that we heard from the recent trials. so this is very good. i certainly hope we get to hear about it at the end of the day or tomorrow. neil: you know, doctor, we're getting word from pfizer, it is talking to reporters right now about the roll out of this vaccine, that it is confident it will be able to deliver 50 million doses globally this

year, up to 1.3 billion next year, what do you think of that? >> well i mean it is so important. as you know, this pandemic, is a -- in our modern era and it cannot come a day sooner given all the impact of those healthwise on people who suffered promorbidity, mortality associated with covid. even for non-covid health issues people -- later that an they normally would with cancer diagnoses and heart disease and mental health, if you think about the stress, suicides that we're hearing about. of course finally the economic livelihood. so this is only good news. we certainly are hopeful that this goes as smooth as "operation warp speed" here in the united states planned from the beginning many, many months ago in march. neil: you know, i was speaking to a former congressman, a surgeon, present congressman,

former surgeon, who was, you know, intrigued by the issue that is being raised on some college campuses including perdue to require students, administrators and the like to take the vaccine. it was referring to the pfizer vaccine but he didn't think that would be necessary. we are already hearing, doctor, that a number of businesses just might demand it of their workers to keep the workplace safe. what do you think of all of that? is it. >> you know, that is a great question and it really brings into place some of the discussions that people have regarding their civil liberties and when government mandates have a role and a place. we hope to not have to go there. i agree with that guest. we're certainly not seeing, masks are not mandatory right now at stanford to have the covid vaccine which will actually begin this saturday but on the other hand it is highly encouraged, we know exactly why. health care workers it is an

issue, exposure to it can take out some of the health care workforce. for essential workers it can affect our ability for groceries. it can effect our society from having great panic. people who don't get the vaccine and there are enough to impact that kind of work, well then you can start to see the concern that people may have in terms of keeping a civil society calm during these very tough times. bottom line i hope we don't have to make it mandatory but i do think in tern sectors like the military or medicine if it has to come down to that it will. for college students, it is different -- [inaudible]. fortunately for them to tend to do well in terms of outcomes from the actual virus. neil: that's true, that's true. i forgot about that dr. singh

thank you very much. bring you up to date number of states with the snowstorm as if their bottom line isn't walloped enough. they're more in the rears, in the red coming out and digging out of that storm. there are a number of states including new york that want to raise taxes, but one state new jersey, is already doing so. people forget when it instituted that millionaires tax, that wasn't a 2021 phenomenon. they're clawing that out of rich folks hands in the garden state as we speak. after this. ♪ research shows people remember commercials with nostalgia.

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♪. neil: all right, as if new york city restaurants don't have it tough enough right now with an indoor dining ban they were allowed outdoor dining as if that was something they could latch on with the latest snowstorm that we're dealing with but the city is going after those with these lan rat outdoor

setups, they can't win for love of money. kristina partsinevelos on the double jeopardy for a lot of these guys right now. she is in new york city. hey, kristina. reporter: neil, i'm in little italy right now. the streets are more narrow. it is difficult for people to get through with their cars. the pedestrians want to pass. i was talking with the man with this space, just the plastic alone cost $2000. it crumbled under the weight of the snow. another hurdle, another hurdle for small business owners. the big question will people go out to dine? indoor dining in new york is banned. outdoor dining suspended. latest news, as of this enevenning restaurants can start serving people, for today. for that matter. according to the census bureau numbers from september through october, november, shows there has been a drop in spending down 4.5%, bars, restaurants across the united states. obviously a devastating blow.

i spoke to an owner as well as a server just about the storm prep and just how difficult it has been. listen in. >> we stay, try to get up try to figure out are we going to be in business. >> we did all the things we were told to do. very disappointing we lost that part of the business. reporter: neil, loss of business tax revenue, budget shortfalls. new york city legislators are now contemplating, debating whether they increase income taxes for high income earners, those making more than a million dollars. you mentioned before the break, this is happening in new jersey. you had congressman or assemblyman, speaker carl hasty from the bronx tell reporters on monday they're possibly considering this even retroactively in 2020. but when we to full circle, hurdles left and right for all the small businesses. the latest mayor de blasio considering a lockdown just after christmas. i will end with a positive note.

people are dining outside right now, and it is cold. back to you. neil: wow, you are in little italy. we take our food seriously. kristina partsinevelos on all of that. a lot of people have been looking at these latest requirements on businesses and wondered, just a matter of time then, before states are going to have to raise taxes anyway. as christina pointed out in new jersey, the so-called millionaire's tax is already in effect. it was pretty troh active, get a load of this, beginning of this year. it wasn't a new phenomenon. you have to pony up from the beginning of the year. new york could look at something similar to go after high net worth individuals. gary kaltbaum here on that, rebecca walser on that. rebecca, how significant will this be for residents in these states if before they address any spending governors zero in

on just, you know, raising more money to spend? >> you know, neil, this is a case for why every governor should have a degree in economics in my opinion and certainly a little bit of tax law knowledge. retroactive tax laws should be unconstitutional almost as a taking. that is speaking from a tax law perspective as a tax law attorney. tell you that, neil, look at what new jersey has done, retroactively november to january 1st of this year raised the rate from 8.97 to 10.75, almost a 2% increase. people might say that is nothing. i want you to understand something. effective november 1st, they have raised the payroll tax with holding to 21% to catch up. imagine you're a business owner, some kind of a entrepreneur, had a regular job, you done all you can do to stay employed, keep the economy going through all

the craziness of 2020. the last two months of the year, right before christmas, they will raise withholding to 21% plus no matter if you can afford it or not! this is too mad. this is total lunacy. people are leaving. they will continue to leave. you do not go and tax what is actually the one thing that can happen your state recover. neil: you know i'm thinking where you are, gary kaltbaum, over the years i've known you, relied on your expertise, you talk about a low tax environment, almost a zero tax environment as in florida, they must love it every time they hear these kind of plans being discussed, right? maybe for you it means more crowded state. so you will have to keep the gate up on your compound but i'm wondering how the low-tax states respond to all of this? must just say, hey, we're open, we're open for business? >> well i can tell you they're just provided great advertising for states like florida and

texas and what amazes me, they think they will raise revenue by raising taxes on their best clients who can easily move and they have all the evidence in the world that a lot of these people are already moving because of the disrespect of these people's wallets yet they keep doing it and they will end up with less revenues over time and less of an economic force over time because more and more will head over here. i can tell you i'm about 15 miles northeast of downtown orlando. i have can't begin to tell you how many medical centers and apartments and houses are being put up. all my friends in south florida keep telling me they can't even keep houses and condos, they keep being bought up left and right. where are all the people coming from, new jersey, new york, believe it or not, from california, because california, even trump's -- 13% tax on

people's earnings at a certain level. so huge mistake and it will get worse and worse for them. neil: if i can switch to the markets right now. rebecca, s&p and nasdaq started out in record territory. i don't know if they're still in record territory right now. the dow not all that far. i'm wondering what is driving this market runup with all the doubts and concerns you both raised very eloquently? i'm wonder whether the markets are ahead of themselves, seeing past all of this, talking about 2020, what a surprisingly strong year it ended up being. some are saying it is the 1920s all over again just a century later. what is it? >> it's a mixed bag right now, kneel, what i will tell you think the markets are enjoying we're seeing a light at end of the tunnel, getting close to the vaccines with moderna coming close to the second one. people are saying okay, logic

tells me if i have a vaccine, if i'm afraid to go out, if i'm afraid to live my life again, go on a cruise, go on a flight, go on a business crisis, if i'm afraid to take the vaccine eventually available economy will recover so the market thinks there is economic recovery. i will tell you there is warning here. i've seen doctors, politicians, even with the vaccine you still might not be able to travel or do these things this is absolutely ludicrous. that makes no sense. if you're totally vaccinated from anything why can't you go back to normal? we have to be careful that we understand that if people take a vaccine, especially one that has been pros set this quickly we're going to allow them to return to their life. our economy is 70% consumer spending. we cannot indefinitely stimulate. it will not work forever. let's get this done, get back to normal. anything short of that i will have to say totally unacceptable. you can't have it both ways,

take the vaccine, stay shut down, get on with the program. that is ridiculous. neil: they say that could be aways off, gary. gets back to the question, the markets heard those warnings, largely ignored the import of those warnings. why? >> well, let me give you the good news, corporate america is just teriffic. as i go through companies they just do a terrific job of managing their businesses through a pandemic. it has been that tough but there is still plenty of companies that are scoring big earnings and revenue gains, not cruise lines right now, not airlines but a whole host of in technology and medical things like that. the bad news though, you saw it yesterday at 2:30 p.m. with jay powell's interview. that is, there is no number two high that he is not going to press a button on a computer and print money, and he says it, to buy up assets. that is fueling a lot of this. the dollar is sinking like a stone, which is helping

commodities, which is helping oil prices now and which is helping the markets. i'm just worried we're not in the 1920s. i am worried we're in 1999, blind pools go up fourfold, we're seeing bitcoin go insane, biotechs with no sales skyrocketing. i think we're in a sweet spot. i think we're going higher into the first quarter. i'm a little bit worried if it gets too frothy, speculative, going into the middle of next year because of what he is doing. neil: we'll have to watch closely to your point. a number of people, pretty healthy plurality feel as you do, gary. if you want to buy the contrarian view of things, a significant number of people are concerned about it is not, too, too frothy yet. how long that carries i have no idea. both you guys thank you very much. have a wonderful, safe, healthy holiday at that. just to outline where we are in the markets, all of them, dow, s&p 500, nasdaq, all are in

record territory right now. the nasdaq year-to-date is up close to 42%. the s&p, 16%. the dow just under 7%. think of all we've been through this year. remarkable. ♪. it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪

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♪. neil: all right, how many people go to a virtual inauguration? you have to wonder in this year of covid exactly how they will do that? normally 10 of thousands, hundreds of thousands line up on the washington mall to witness this precious quadrennial event where we swear in a new president but this time it will be a little different, certainly given the crowds, situation, what they're recommending, that is for not many to show up at all. so what are we looking at?

hillary vaughn for the event less than five weeks away. hey, hillary. reporter: hey, neil. well president-elect joe biden is actually encouraging people not to show up to his inauguration day to celebrate. it said, encouraging people to watch virtually, he is also, he is still accepting donations to attend this virtual event, giving corporations the opportunity to donate a million dollars for special vip access. for one million dollars companies that donate that get an invitation to the virtual event, they get a virtual signed photo, they get a preferred virtual viewing but it comes with a rain check for vip tickets for future in person event at an undetermined date. money is pouring in. companies including ford, ups, aflac, bank of america, all already donated to biden's inauguration. so what is he doing with all that money? inauguration donations are part of a private fund and have very

little oversight. there are few limits how left over money can be used. previous administrations used extra cash for work on the white house, upgrades or renovations or host events like the annual easter egg roll. president trump raised a record breaking 107 million for his inauguration. he pledged to give the left over money to charity. biden is raising money without a way to spend it in the first place we don't know what he plans to use the money for, if that will go to ultimate in-person event he teasing to donors or how he will spend the money at all. neil? neil: hillary, thank you very much. what would you do to meet charlie gasparino virtually? couldn't meet him in person long before the pandemic you know, charlie just has this sort of prima donna view of the view of the world. we'll have an inauguration that way, charlie, that will be weird, do you think?

>> i can remember doing the trump inauguration with you. that was an amazing event. neil: absolutely. >> first time i ever directly covered an inauguration. it was life affirming. neil: i remember it well. you were great. gave a lot of insight. i love the section where you veered into municipal bonds. it just made our coverage. isn't it, you think about it, it is just weird but these are the times which we live, right? >> listen, yes, and you know the -- i said this before when you're on a marathon the last sort of six, 26-mile marathon the last three miles can be brutal. i think that is where we are with this thing. it will be crazy still some more but we're coming out of it. i can tell you my brother got the covid shot the other day. he is front line worker, icu doctor. neil: how is he doing now? any problems with it? >> none. but remember the second dose, is

where you generally get those reactions but he has none. i should point out he had covid six, eight months ago, very bad case, it was bad for about a week. he came through it. was not hospitalized or anything. he was back at work not long after that. so you know, things are getting better and so, we got to get through this point. i guess we got it all taken care of. neil, you and i have been talking about wall street's relations with china in a biden administration and essentially the business community's relationship, how will it improve? i think it will improve. if it goes this way, it will really improve and not saying that is a good thing. i'm saying it will improve. there is lots of talk, there was a story in the hollywood reporter and i have done some, made some calls on this, disney chair bob iger is a possible ambassador to china. if that is the case, that is a

huge, hugely strong sign that the relations between china and the u.s. will thaw dramatically. you know i know there has been some coverage on this, touch how close iger is with china. you know, he has been doing, he has been doing stuff with china minutes 1998 when he was an abc executive. when he was under mike eisner who was the ceo of disney he was put in charge of developing their operations, disney outlet in shanghai. he is very close with xi xinping. here's a fascinating anecdote. put up a full screen of this up. that i got from "the new york times" and i've been able to confirm this as well, mr. eiger sought a personal relationship with china's paramount leader xi xinping. after iger learned xi's father a revolutionary leader visited disneyland in 1980. he pressed the staff to find a photograph. the president's father who died

in 2002, wearing a mouse suit shaking hands with mickey mouse. he presented it to the chinese leader and as a symbol of their partnership. we've been through four years of donald trump having adversarial relationship in china. much it is called for because we know the chinese steal a lot of our stuff, trade secrets. iger would represent if he getting this job, a huge change in that direction, neil. back to you. neil: real quickly, does that also mean the biden administration would roll back some of these trade deal commitments both sides made to each other? >> yeah you know there is pressure on the democrats not to do some of that stuff too but it will be a thawing of the relationship, there is no doubt. wall street is preparing for that. my people at wall street firms, the counterparts in china about that. it will be different no doubt. particularly if he goes this way. bob iger and the chinese are

very close. neil: yeah. that's interesting. i depth know that story about digging up that old photo from back in 1980. that does sort of telegraph where we're going with this. charlie gasparino, thank you my friend, very, very much. charlie gasparino, the best in the business and we've got him. we're getting more news on this hunter biden investigation. i don't get where you are on this. democrats ignore it. republicans are all over it. there is a lot of there there should be reported. some interesting emails are just the latest. there might be a lot there. after this. ♪. trelegy for copd. ♪ birds flyin' high, you know how i feel. ♪ ♪ breeze drifting on by you know how i feel. ♪ ♪ it's a new dawn... if you've been taking copd sitting down, it's time to make a stand. start a new day with trelegy.

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♪. >> welcome back to "cavuto: coast to coast." i'm mike emanuel in washington. fox news obtained correspondence from 2017 revealed hunter biden interaction with the chairman of china energy on a joint venture.

he wrote a letter dated june 17, 2017 please accept the breast wishes from entire biden family as well as my partners. hunter also urged him to send a 10 million-dollar wire. i would appreciate you send that quickly that we can properly fund and operate sinohawk. ye asked two of his colleagues to quote, expedite the charter capital input to sinohawk. please accept my best regards to you and your family. >> 10 million wire to hunter biden's other wise bankrupt company this email, so many other emails we've seen last couple months raises serious question how much, not only hunter biden but entire biden family is doing with chinese entities. reporter: growing calls for republicans for expanding this hunter biden probe. >> it is imperative we have a special counsel to carry this

forward so we know exactly what the bidens have done, not only with the chinese but also with the ukrainians. so let's figure out what their participation with foreign governments is going to be but especially with the chinese. reporter: on the other side leading democrats say the president-elect should be given a chance. >> in terms of whether a special counsel is necessary i hope that the selection of attorney general by president biden makes it clear that a person honesty and integrity can take a first look at it properly. reporter: but leading republicans worry the new administration could sweep the issues under the rug. more "cavuto: coast to coast" after this short break. ♪ now is the time for a new bath from bath fitter.

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and if we win, we get to tell you and doug. how liberty mutual customizes car insurance so you only pay for what you need. isn't that what you just did? service! ♪ stand back, i'm gonna show ya ♪ ♪ how doug and limu roll, ya ♪ ♪ you know you got to live it ♪ ♪ if you wanna wi... [ music stops ] time out! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪. neil: california confusing me lately. if your restaurant features strip steaks, devil of a time staying open. if you're an establishment that is a strip club, not so difficult. so let's get the real skinny, see what i did, real skinny on all of this, with christina coleman. it's a gift for you, making

these analogies on basic cable, but christina, this one sounds too incredible to believe but explain. reporter: yeah, i just am constantly surprised and i bet you are too. san diego strip clubs pacer showgirls and cheetah's have been fighting lockdown in court showing they have met benchmarks that should allow their establishments to stay open. >> there have been no cases of any individuals that frequented these businesses and contracted the virus. that was a huge metric that was met. the second part is that their policies and procedures and protocols in place do comply with the cdc guidelines and are safe for individuals to frequent those places. reporter: some of those safety guidelines include keeping dancers 15 feet away from tables and having one dancer on stage at a time. a san diego superior court judge sided with strip clubs and

extended exemption and excluded strip clubs from shutdowns any related orders go beyond protocols more than essential avoiding the spread of covid-19. the ruling goes into effect immediately and could affect thousands restaurants. they are pausing the closure enforcement on live entertainment businesses an restaurants and look at the scope of judge's ruling and exactly what businesses it applies to. neil: you deftly handled that. christina coleman in the l.a. bureau. the supreme court is taking up an issue, having nothing to do with strip clubs versus restaurants that feature strip steak. everything to do whether college athletes should get compensated. seth, joins us right now, a business law attorney. seth, where do you see this going with the court taking up this issue? >> i think the ncaa is in the

middle of facing an uphill and losing battle. this case here with the supreme court here in washington is the latest chapter in an ongoing losing battle that has been fought by the ncaa attempting to try to impose restrictions on compensation and benefits that student athletes in division one schools are able to get and throughout all chapters of the litigation, the ncaa has lost everything. they lost in the trial court. they lost in a total panel volt of 3-0 in the ninth circuit court of appeals. now in the supreme court they will once again attempt to argue that they wish to impose some kind of a special exemption and special environment for the student athletes trying to protect the sanctity and separateness of this academia and this environment so it doesn't blend into some of the financial characteristics that are encompassed within professional sports and in

response the players have successfully argued thus far in the litigation this is really a little more than a cash grab and a violation of federal antitrust laws. neil: if you're a college athlete, what does your future look like? you don't make money until you're a pro if that is the way the court goes on this? >> for the most part that's correct, however i believe that the supreme court is probably going to rule on the other side. so, for example, let's dig into the fallacy of the ncaa's argument i think is pretty clueless and tone death. on one hand they're saying we need to protect supposed separate, bucolic old school atmosphere of collegiate sports so it doesn't blend into any of the professional details of the financial aspects of professional sports but on the other hand they're signing multimillion and billion dollar deals for licensing software,

gaming, multibillion-dollar television specials, deals with their 1200 constituent school members and they're actually creating in large part of the environment they're now saying they want to keep separate from the students despite the fact they're making billions of dollars off the backs of the student athletes. i think the supreme court will take a very skeptical school of this. i think the ncca will lose litigation and burst the doors open on a multibillion-dollar industry. neil: i, that is what inevitably would happen if that is exactly what happens. seth, thank you very, very much. we'll be back, get the second hour going with all three market averages going in record territory and what is confident and what is holding them back from getting too confident. key portfolio events, all in one place. because when it's decision time, you need decision tech. only from fidelity.

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will walk you through your options, answer any questions you have and, if you're eligible, help you enroll over the phone. call today and we'll also send this free guide. humana, a more human way to healthcare. neil: all right. when it comes to that stimulus relief measure for covid-19, we know a couple of things that increasingly look like they're not going to happen. that is some liability protection for businesses and the like and maybe aggressive aid to states, something that would get republicans and democrats a little annoyed. but in other areas, stimulus checks to individuals, maybe not as much or as big as we saw at the highest of the pandemic in

the first stimulus relief, but nevertheless significant. let's get the run of where this could go with blake burman. blake, is it your sense that relief, whether in the form of stimulus checks or something like it, is a given? is the only difference with the parties how much to give? reporter: they have a framework right now, neil, as to what is being negotiated and what is being talked about. the details within that framework are going to matter, of course. when you talk about stimulus checks, for example, that's just one example, right now we are being told that it's $600 for individuals. of course, it will be more if that individual has children, but what we don't know at this point are what might be the income levels. are they going to use the exact same income levels for the cares act that they used, might those numbers change. that's sort of at least one example of the language that we are anticipating as it relates to this broad framework, the $600 for stimulus checks, $300 a week in that federal plus-up for unemployment insurance, more than $300 billion for business

help. the overwhelming majority of that coming from reauthorization of the ppp, money for vaccine distribution as well. that is money to the states, specifically for distribution. however, even though there's this framework in place, neil, what they are still negotiating right now as i mentioned are the details. we had two sort of different reads on this today up on capitol hill. we heard from mitch mcconnell, the senate majority leader, the top republican, say this is a fork in the road as he put it, now is not the time to get bogged down in minutae. however, the senate minority leader chuck schumer made the argument the details at this specific point in time are crucial. listen. >> do we want to haggle and spar like this was an ordinary political exercise get wrapped around the axle of language or policy riders we know are controversial? >> we are very close to an agreement but the details really matter. when it comes to unemployment benefits, stimulus checks, aid to small businesses and so much else, we have a responsibility to get this right.

reporter: as for one of the details, i'm being led to believe that there could as well be money in this package that is being hammered out for the airlines. as you know, they have been pleading saying they are burning billions in cash month over month, and that i am led to believe, could be a part of this package as well. as for the timing in all of this, over here at the white house, they are optimistic, they say, this could come together in the next day or two. mitch mcconnell said that they will be working over the weekend through this. keep in mind, neil, if they are able to hammer out a deal and it's announced via press release or they run up to the microphones and talk about it, there's a difference between saying we have a deal and here are some top lines and headlines and here's a one-pager, and rolling out the actual text, because this is going to sit on top of the government spending package as well, so you were talking about hundreds upon hundreds of legislative text, if and when this all comes together. hundreds of pages, i should say.

neil? neil: all right. quite a process. thank you very very much for that, blake. blake burman in the middle of all of that. some good news on the vaccine front, not the one that's already out, pfizer and biontech one. now promising to get 50 million doses out by the end of this year, only a couple of weeks away. maybe upwards of a billion doses next year but the attention that moderna is getting, maybe an approval by the end of this day or tomorrow. edward lawrence with more on that. hey, edward. reporter: yeah, that's one of the reasons the market's up again. i will get into why this approval could come for moderna today, the same day the committee is looking at it. right now, moderna is presenting its case as to why its vaccine deserves an emergency use authorization. moderna will defend the results of its trials in front of a panel of experts in the field. it's just like when you are going for a post-graduate degree and you have to defend your thesis. now, there will be questions and challenges by the experts and those will be answered. pfizer went through this last week. >> with a high degree of

certainty that by june, anyone in this country who wants a vaccine could have a vaccine, we do expect 20 million people immunized this month, 30 million people in january, and then another 50 million doses in february. reporter: the reason the vaccine, moderna vaccine could get approved today is there's no real special treatment needed for it. the pfizer vaccine could be given to 16 and 17-year-olds but it has special rules. it had to be diluted. it also had to be stored at negative 94 degrees fahrenheit. the moderna vaccine will only be given to 18 and older, no special rules attached to it. it can be stored at negative 4 degrees fahrenheit like a normal freezer can handle. the approval for moderna today would get about six million doses out eight days faster than pfizer last week. pfizer pushed out or is pushing out 2.9 million doses this week. still, both vaccines are for front line workers and those in nursing homes. for that reason, dr. anthony

fauci says cancel christmas. he adds to that this, quote, i am going to be with my wife, that's just one of the things you are going to have to accept as we go through this unprecedented challenging time. christmas eve is dr. fauci's birthday and he says again, he will be spending it with his wife alone. no other family. canceled gatherings. that's his message. back to you. neil: but he's not canceling christmas. he doesn't have the power to do that. reporter: canceling big gatherings. canceling the gathering. the grinch is not in the fauci home. he's just saying you shouldn't get with all the other people because you don't know where all the other people have been. if you have younger folks, that seems to be where the spread is happening, the 20, the mrin y millenial, younger folks who aren't using as many masks will then get with their parents, who are in that category that is susceptible. neil: dr. fauci is getting ahead of his syringes there, wasn't he.

canceling christmas. be careful. all right. thank you, dr. lawrence, edward lawrence following all of that. time for one of the favorite things i love to do here. we throw out a what-if because the markets oftentimes base what they do on events we didn't see coming, not the events that we thought would be coming. w a what-if for you is if we don't get stimulus, we don't get that relief for covid-19 but we do get yet another vaccine, and maybe more down the road, how would the markets handle that? no stimulus but plenty of vaccine. real brainiacs to help us through that. liz peek, john hilsenrath. liz, if that's what it came down to, an additional vaccine or more, but no stimulus, how would the markets digest that?

>> you mean lucy takes the football away again, neil? this has been a charlie brown, for sure. look, it could happen and i think it would be -- it would certainly trigger a selloff in the market, but i think we need to recognize that this stimulus package is a bridge. it's a bridge to probably the second quarter of next year, when this vaccine has been widespread enough, has been taken by enough people that the economy can kind of go back to standing on its own. we saw yesterday the fomc come out and raise growth expectations not only for this year, but next year. people are pretty optimistic and yes, there have been some signs of diminished growth. retail sales weren't quite what we hoped for in november, but december looks like it's going to be pretty good again. unemployment claims are ticking up. clearly if there's no stimulus,

i think you will see a pretty rough first quarter. but after that, beyond that, i still think this sort of organic energy of our economy and by the way, partly being fueled by what's going on in china, a very robust recovery there, i think we would be in safe shape. neil: you think about it, it wasn't that long ago most people dismissed the possibility, they didn't even call it likelihood, of any more stimulus, certainly out of a lame duck session of congress. yet here we are. with hope springing eternal, mitch mcconnell saying we will work through the weekend if we have to, we don't leave town unless we get this done. again, i will posit the same to you. what if after all of that, it doesn't happen? vaccines are lining up like planes at laguardia but not stimulus. then what? >> well, you know, neil, i will say that i think a stimulus -- sorry, a vaccine, more vaccines, better distribution of the vaccines, is the best thing that

can happen for the economy. i think it would put the economy in great shape for next year. you know, everybody wants to get back to business as usual and frankly, i think there's a heck of a lot of pent-up demand in this economy. people want to get out to restaurants and spend time with family and friends and others so i think the economy, you know, has a chance to really come roaring back if we can get these vaccines out into the system. i would take that over -- first of all, i would call it relief, not stimulus, because it's just relief for all the damage that's been done. but i would take that over relief in a heartbeat. there's a lot of damage that still has to be fixed and it's going to take some time to do that. but the best news could be getting this virus under control and getting people kind of back to work and i'll just say, we passed in the last few weeks some really horrible and

horrific milestones. more americans have now died from this virus in nine months than we had combat deaths in either world war ii or the civil war. i mean, it's just hard to get your head around that. if these vaccines can get out there, then that's great and i'm all for it. i just want to say one other thing, neil. there's all this concern right now about this battle for global dominance between china and the united states. i would like to remind people that the united states is getting vaccines out there that command and control economy and system of china isn't. that's our comparative advantage. we innovate, we create, and in this case, the government actually helped in that process by buying some of these vaccines up front and also speeding up the approval process. neil: it is remarkable. real quickly, guys, your take on the markets. who would have thunk, with all we have been facing this year with the pandemic, the markets would all be ending the year at

or near records if this continues, and that the nasdaq would be up 42% as it is, as we speak. what about 2021? >> well, the only thing that i really fear, i think there's a lot of positive things. john's right, there's huge pent-up demand, savings rate went way up this year, so there's a lot of money on the sidelines, people have to spend. and the s&p is up 11% from september. people have a lot of wealth, there's a lot of money that generally means a couple of quarters of great spending. i think 2021 looks like a very good year. my only concern is that the biden administration wants to raise taxes pretty significantly on corporations and individuals. if they get control of the senate, that's what they're going to do because otherwise, they cannot fund all the grandiose plans they have, for example, for reining in climate change and if they don't take the senate, i think cities and

states, and we see this in new york right now, are going to talk about big hikes in taxes. to my mind, that is a real risk that people are not really taking very seriously. neil: that's a good point. either they don't get the fed hikes and states have to balance their books. a lot of them are looking to raise taxes to do that. so play the 2021 markets. what do you think? >> so my watch word is watch the dollar. i think it's really interesting to me that the stock market has been rallying since april and the dollar has been falling. i can understand why that's happening. you know, the u.s. is pumping, the federal reserve and the treasury are pumping a lot of money into this system and that's pushing down the value of the dollar. other countries including china's are coming back faster than ours has. i think this is an important theme for 2021, a falling dollar.

this plays in different ways. i think for an investor, you have to start saying all right, do i want to add international stocks to my portfolio if the dollar's falling, that's going to help international stocks. it could help big multi-nationals also. i think it also helps american exporters but it does potentially put some pressure on the u.s. government. it could make it a little more expensive for the government to fund these he's aaps and heaps mountains of debt we are piling up. neil: i want to thank you both very very much. liz, thank you very very much. hope springs eternal for next year and whether people get to travel again. but let's say people do, you know, satisfy that itch to get on a plane and go places. they will also want to get fast transportation to airports. that's where blade comes in. that's where expectations about its public offering come into play as well.

the man behind that powerhouse is next. ♪ - hello, friends. michael youssef here.

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neil: all right. how can the overall stock market be doing so well and bitcoin be doing really really well, over $23,000 today? susan li to pick apart the anomalies going on here. that's a weird one. susan: housing. yeah. housing is booming as well, neil. more evidence that this morning's construction numbers, third straight month of gains and single family construction, highest since 2007. record low mortgage rates has americans rushing to buy new homes. also mortgage rates hitting another record low this morning, only 2.67% on a 30-year fixed mortgage. how incredible is that. speaking of incredible, check out bitcoin. surging past $23,600. new record levels. and guggenheim says it's going all the way to $400,000 a coin. what's behind this year's bitcoin bonanza? first of all, bitcoin is going

mainstream. check out the rally in paypal and square today. no longer just millenials or even silicon valley buy in but now available to hundreds of millions on platforms like paypal, square and robinhood, also more traditional money managers like puelaul tudor jon. bitcoin is considered the new gold in this era, limited supply, bought as a hedge against money printing and government actions. finally, the streaming wars go to roku, rallying today after striking a deal with hbo max. roku was the last to sign on hbo max as they tussled over carriage fees, meaning what roku pays hbo max to stream its content. the timing was important for hbo max here since their $200 million wonder woman blockbuster releases christmas day in theaters and on hbo max, same day. at & t needed to get as many eyeballs as possible when they study that type of cash.

only 12.5 million subscribers at last count compared to 83 million -- 86 million we have seen on disney plus. i always wanted to be wonder woman. the bangles and all. i don't know about you. neil: i just wonder, lot of people getting used to this streaming stuff. wonder if they ever return to theaters. all of a sudden, hey, it's very easy. susan: i don't think so. neil: we will see what happens. thank you, wonder woman. we appreciate that. susan li. she has the energy of wonder woman. my goodness. all right. pay attention to this gentleman. he has made this sort of i guess you would call it an air taxi service for those who want to avoid crowds and traffic and just float over all of that, get to the airport, all of that. if you thought door dash and airbnb offerings this year were eye-popping events, the early new year arrival of a public offering of blade could, could

get similar attention. very good to have you, rob. i know this is official once you're combined to go public early next year but when? do you know what the rollout plan is? >> it should be first half next year, this transaction should be consummated. but really, it's really really exciting because right now, there is just an absolute incredible amount of interest in ground mobility. it's radically been transformed by battery technology and software and as evidenced by the numerous amount of companies that have gone public in terms of electric vehicles, lidar, charging stations. it's clear the next battle is in the air. that's where we are. neil: okay. so you merged with experienced investment corp, then going public as a concern going forward. how much of that is dependent on

peop people, or the reception for this, on people deciding to travel more, to put over their fears and anxieties and all that, because i would imagine the better the prospects for travel, the better the prospects for blade. >> well, this is a brand new world. investors are looking for a pure play on the electrification of aviation. this is really about what's happening much more three, four years from now than today. what we have been doing over the past couple years is building a network of infrastructure technology and consumers and getting them to enjoy vertical transportation using conventional aircraft today, helicopters, so we can seamlessly transition them to ev which do not have any carbons, are inexpensive, lower their costs and more people can enjoy them and are quiet. that's what people are betting on. that's what the investment's

about. neil: yeah. i can see that. it was interesting, too, because in recent years, this was even a pre-pandemic phenomenon, lot of people were looking at private jet travel as something that just wasn't for the super well-to-do. the process, i don't know democratized might be too strong a word, but people pooling resources to share a jet or whathave you. you work under a similar principle that takes that to the next level. who are your travelers, then, whether they ultimately are intrigued by the electric nature of this, the environmentally friendly nature of this or just the convenience of such a service over traffic in most cities? >> yeah. well, it's about reducing friction. we turn two-hour drives to the airport to five-minute flights. now since the pandemic, we have actually in a way helped with the creation of synthetic suburbs where people are literally commuting 90 -- from 90 miles away in 30-minute

flights to the city. maybe they're not doing it every day but they are coming to the office maybe once a week, staying for two nights, coming every other week, so we have gone from largely in many markets where they would be a weekend business to a seven day a week business. so as usage has changed, office working has changed, leisure has changed. we have been able to take advantage of that here and also in india, we fly. so it really seems to be working and it's only going to be capitalized when we move to electric. neil: i would imagine. that is the future. rob wiesenthal, thank you very much. blade urban air mobility founder and ceo. early phenomena next year when they go public. whether it has immediate response as did airbnb, door dash, anyone's guess. if you think of the record-setting pace for ipos this year, lot of people are counting on blade to lead a parade that will be similarly strong next year. we shall see. in the meantime, no less than mitch mcconnell continues to be optimistic that a deal can

be had on coronavirus relief. and maybe it can come together this weekend. because he recommends they work through the weekend. will they get it done? the read from the former house majority leader eric cantor. ♪ i am robert strickler.

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for months, i've called for a targeted bipartisan package that would put hundreds of billions of dollars into payroll support, testing, vaccine distribution, extended unemployment aid, safe schools and other essential priorities. so i'm encouraged that our democratic colleagues have now embraced this framework. this has been the right solution for our country all this time. a bipartisan, bicamerial

agreement appears to be close at hand. neil: you know, that might be the most excited i have seen mitch mcconnell in his entire career. but for him to indicate a deal that give credit where it's due, that he forced when others said this is going nowhere fast, he said we will work through the weekend if necessary to get a covid-19 relief package complete and we don't leave unless we do. with us on that likelihood, or will it still pan out, eric cantor, former house majority leader, now vice-chair of [ inaudible ] and company. very good to have you. what do you make of that, mitch mcconnell saying we are going to get this done and the two sides are scrambling to get it done in a lame duck session? that's very unusual. >> neil, first of all, it's good to be with you. i think always, you've got to remember this time of year, there's a deadline looming. members of congress want to get

home and we used to say it was jet fumes calling at reagan national. but putting that sort of note aside, i do think there is a lot of pressure building for the need for a package. clearly, the end of the year is going to bring about some expiring programs that were created under the cares act. that is the unemployment insurance for let's say the independent contractors and the gig economy that have this pandemic unemployment insurance that wouldn't otherwise be eligible for the state unemployment insurance programs. you also have the moratorium on evictions expiring. so there's just a lot of need for some assistance for those who are out of work. you add on that this morning's initial jobless claims, obviously they were not as good or they looked worse than what we thought. neil: you know, separately, you know the president not keen on

that defense appropriation measure because there's no provision in there to take away the 230 protection for social media concerns. do you think, republicans certainly have more than enough votes to override that v veto. do you think they will? >> this is the real question i think leading into next year's congress. the thrust behind what you're asking is how much influence will a now lame duck president trump and then next year a former president trump and how much influence is he going to have over the republicans in congress. tha that's a big unknown. neil: what do you think? all these guys looking to run for president, do they hold back because they don't want to offend him, they know how strong his supporters are and they fear their wrath, he could still be an intimidating factor, or will he? >> well, i think that's exactly

the point. he could very well box everyone out for a while, too, if not attempt to do so completely, meaning he could say or express an intention to run for re-election in 2024 and given his popularity within the activist base of the republican party, it's significant. you know, you just see what happened with the lawsuit that was filed by the attorney general in texas. the suit that was summarily dismissed by the supreme court, in my view, and i haven't looked at the details of the suit, but basically the legal theory was other states could go in and file a lawsuit against another state for that other state's application or misapplication of that other state's own laws. it just smacked of contrariness in terms of our federalist system. again, but that was a lawsuit that was there to continue this

fight about the allegations of widespread fraud. you saw a lot of republicans follow trump in doing that. neil: you know, the president is really mad at mitch mcconnell for after the electoral college met to say all right, you know, joe biden is the president-elect, but i haven't seen like this mad rush of republicans to state that, acknowledge that, and agree with mitch mcconnell on that, maybe because of the response that gets from donald trump. what is going on with republicans? >> i don't think there's any question about what's going on. i think members of the house, and there are some even in the senate who are reticent to even declare that this election is done and i'm not quite sure what other avenue there is available legally to the president and his campaign to stop a

president-elect biden, because as we know, it all comes down to the congress and house of representatives as far as accepting or rejecting the certification of the ballots by the electoral college electors, and we all know how they are going to cast their ballot and we all know that the democrats are in control of the house of representatives. therefore, you're not going to get a bicameral vote to reject any of these ballots so it is over but pretty striking. neil: yeah. someone has to point it out, i guess. we will see what happens. eric cantor, very good seeing you again. have a safe, healthy holiday. very good seeing you. eric cantor, former house majority leader. the dow up about 123 points. if there's any concern about will there be any trouble on inauguration day less than five weeks away, these guys have a funny way of showing it, as one trader was telling me it matters little if the president doesn't

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neil: so far, none of the charges have been proven but there's a lot of smoke where there could be fire so republicans are saying when it comes to eric swalwell, he should not be sitting on the house intelligence committee. but he is sitting on the house intelligence committee. kevin cork following that drama and what happens now. hey, kevin. reporter: neil, great to see you, my friend. perhaps most notable along with representative swalwell's refusal to address the issue at hand is the virtual media blackout with respect to coverage, with none of the major broadcast networks at least so far giving this a second's time. so while swalwell is still avoiding basic questions about this, there are some in his party, believe it or not, over on capitol hill that still think this is much ado about nothing. listen to adam schiff, swalwell's democratic colleague

from the great state of california. >> well, the members in both the house and senate have been targeted by china and on a bipartisan basis were notified when that happened. all the faux outrage about this is nothing more than faux outrage. reporter: faux outrage, says mr. schiff. the issue at hand is swalwell's interaction with an alleged chinese spy known at christine fang. swalwell was given a briefing as to the threat she appeared to pose. some wonder if this is all overblown, why hasn't swalwell simply denied the allegations? >> people are making accusations against me that were not true, i would defend myself, i would come out and say these things are not true. and if i didn't, the presumption would be why aren't you denying this.

reporter: this as more than a dozen republicans in congress have sent a letter to speaker pelosi urging her to remove swalwell from the powerful house permanent select committee on intelligence. so far, the speaker is still standing by mr. swalwell. she also is a californian and in fact, she has said as much on the record, but as you know how these things tend to work here in washington, as the pressure mounts, the chances of him staying put can begin to dwindle. we will keep an eye on it for you, especially if he has anything to do about that alleged interaction or relationship. neil? neil: you always do. thank you, my friend, very much. following all of that very closely in our nation's capital. meanwhile, the rush to get the wall done, the border wall that was instrumental, the president's push for it, in getting elected in the first place, now a move afoot by the biden folks to stop construction all together. that may prove easier said than done. grady trimble on all of that. hey, grady. reporter: hey, neil. this section of the wall behind

me goes as far as the eye can see and there are plans to build even more of it in other areas, but as you said, that could be in jeopardy under joe biden's administration come january 20th. here's what joe biden says he plans to do about the wall. >> there will not be another foot of wall constructed on my administration. i'm going to make sure that we have border protection but it's going to be based on making sure that we use high tech capacity to deal with it. reporter: and that is part of the reason crews are essentially working around the clock right now to get as much of the wall done as possible. we traveled about 15 miles along the border yesterday to a remote part of arizona, where you can see the wall just stops and crews are working to build more of it. they expect to complete at least 450 miles by the end of the year. federal government has enough money to complete more than 200 additional miles of it. also, several contracts have

been signed to complete that work. u.s. customs and border protection's acting commissioner, mark morgan, says terminating existing contracts could be extremely costly. >> there's 270,000 tons of steel that's already been paid for that we're going to have to reimburse to just walk away from. that's unconscionable to me. reporter: there are other reports, though, that suggest stopping construction would be the most cost-effective approach. it is worth noting, neil, that back in 2006 when joe biden was not president-elect but a senator, he did vote in favor of the secure fence act. neil? neil: i forgot about that. thank you very much, grady. grady trimble following all those developments. we are talking about what's happening in washington and stimulus and covid relief. one of my next guests, very closely watching it. that will include airline industry relief. why she says it is now more crucial than ever. after this. ♪

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neil: democrats and republicans bring out the big guns on behalf of candidates in that runoff georgia election. the vice president, the latest to revisit the peach state. that's right, revisit. he's arguing on the republican senators' behalf yet again. jonathan serrie with the latest. reporter: the vice president making two stops in georgia today, holding airport rallies in columbus and macon, that rally just about to get started. the one in columbus wrapped up a little while ago. this is his fourth visit to the peach state since the november election, as he tries to shore up support for senators david perdue and kelly loeffler. >> we're going to keep fighting to hold the line in the united states senate. we're going to win georgia and we're going to save america. reporter: -- challenges raphael warnock and jon ossoff are

[ inaudible ] relief package for the pandemic. >> to be clear, i need raphael warnock and jon ones ooin ossof senate to get this done. reporter: a federal judge has declined efforts to immediately reinstate the registrations of nearly 200,000 voters who were purged from the rolls because of inactivity. separately, georgia's secretary of state brad raffensperger announced his office and a team of academic researchers will examine random samples of absentee ballot envelopes from each georgia county. to study the signature verification process. today, raffensperger said despite endless lawsuits and wild allegations from washington, d.c. pundits, we have seen no actual evidence of widespread voter fraud, though we are investigating all credible reports. nonetheless, we look forward to working with the university of georgia on the signature match review to further instill confidence in georgia's voting

systems. raffensperger is really hoping this study will put many rumors to rest. neil? neil: thank you, my friend, very much. jonathan serrie following all of that. meantime, we are keeping a very close eye on washington and how this covid-19 relief measure is coming along. so is my next guest. sarah nelson, flight attendants association president. she has been urging washington to come up with something, anything to help her industry out. always great having you. have you heard anything and what might, might not be included to help the airline industry? >> well, look, our provision that we have been talking about since back in march is included in the package and as we have talked about many times, this was a workers first program where the federal aid can only go to workers' pay and benefits to continued service to all of our communities and to cap executive compensation and stock buy-backs and dividends, bans those. this is really about supporting jobs and infrastructure and that

is so critical for the people who have been out of work because this program expired on september 30th. so they have been out of work since october 1st, which has been a problem both for the individual people, over 100,000 of them going without a paycheck, and now not having health care and losing even the ability to have the airlines cover a portion of that cobra pay at the end of this month. people are really in dire straits but this has been the best use of the public's money. instead of having these aviation workers on the unemployment system, we were instead doing payroll pass-through, kept them connected to their jobs, connected to their health care, continuing to pay taxes and continuing to spend into our economy. it's been a good program for the public and for the aviation workers and we kept that critical infrastructure in place to continue serving all of our communities. as we have talked about, this is critically important now, neil, because the distribution of the vaccine at a rate fast enough to be able to lift us out of this pandemic, remove the threat and

get things back to normal is so critical that we get that out to people and get that distributed quickly, and that's going to require the entire airline industry being in place and able to meet that demand. neil: we forget the airline industry playing a very big role in that, not only for the pfizer vaccine but moderna's presumably to come and a host of others. but i don't want to raise a cynical point with you, but what if you're wrong? what if your hopes to see relief scored doesn't happen? how long do you think the industry can hang on? there are a lot of people say well, with the vaccines' arrival, better days are ahead anyway, you can wait it out, you say what? >> well, look, the airlines might be able to wait it out but what we are talking about is people. people are getting hurt right now. and every airline job, we support 1 in 14 jobs in the country so we are concerned about making sure the people i represent have that paycheck back and that health care, but we are also concerned about the ripple effects, when they can't

pay their rent, when they can't pay their cable bill, when they can't -- when we're not spending at hotels and we're providing that kind of support to the rest of the economy. so this is really important for everyone else as well and we have got to get it in place so we can take care of people. we've got 17 million children who are going hungry right now. we've got another 12 million people that without relief, are going to fall off of any kind of unemployment the day after christmas. and we've got 30 to 40 million people who are at risk of being evicted from their homes. so this federal relief is critical for us and the plan we have been talking about all this time, but it's really critical for the whole nation. it's a four-month emergency relief plan to make sure that our country doesn't fall off the cliff and that we have a little running room to figure out what the actual recovery plan, the full recovery plan, needs to look like. for the airlines, what this means is that they can get people back into their jobs. we have people who have fallen out of their security clearance and their safety certification so we have got to get them back

through training and everything. if we're not in place and able to meet the demand when ready to restart our economy, that will have a further lag on everything. we don't want to add to the hurt here. we want to make sure we are able to contribute to helping our nation heal. and that's what this is really about right now. and we've got to get it done and i am very encouraged because for the first time since march, we have leadership in the room together. mcconnell, pelosi, schumer and mccarthy, in the room together working on this deal. neil: it's looking good. we will see what happens. i think your constant reminding them that this is important has something to do with that. sarah nelson, always good seeing you. you argue for your people very very well. the dow is up, s&p is up and nasdaq is up. they are all at records.

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neil: all right. here is charles payne. charles: neil, good to see you. good afternoon, i'm charles payne, this is "making money." major stock indices at or near all-time highs. they don't reflect of pockets of explosive moves throughout the investing word. bitcoin to copper all making big money. i will go in depth on a high school dropout and his revolutionary toaster oven. is this one of the reasons i'm cheering idea mania? close but no cigar. congressional leaders remain on the brink of a covid-19 relief package but there is still no deal. i will ask republican congressman andy barr what