that is little elliot. we're so blessed to have him our grandson in our house. he is a wonderful bundle of joy. connell mcshane. merry christmas. connell: great to see you grand pa david. that is great. "coast to coast" the next couple hours. watching markets, we close early on christmas eve. we'll have that. the dow is moving between gains and losses. in terms of what is driving things now we'll talk about a few different things. one, stimulus, the limbo it is in on capitol hill. it is a stalemate the president is looking for $2000 rather than 600-dollar checks. ran into a little bit of a hurdle in washington when it came to that proposal. it is christmass eve. people are normally traveling

this time of year. this year, not as much in the past. we have much more travel than we've been seeing here in recent weeks an months. what does that mean for the pandemic? we have a report from the chicago. we have the central kitchen later this hour. they do great work. they talk about restaurants all the time are in trouble. they help the restaurants. they come up with $100 million plus pay to local restaurants so they can help people in need. finally a little bit later in the hour, this is something to hang around for, this is app upstream that has a new way of doing it, very creative way of doing it. the ceo will join us. all that and more coming up on special edition of "cavuto: coast to coast" on christmas eve. i'm connell mcshane filling in for neil. we have a report to start you off from washington.

as mentioned earlier today the democrats took a shot at getting something done to stop or put an end to the stimulus stalemate. essentially give the president what he was asking for, 2000-dollar checks sent out to most americans rather than $600. that however did not go over so well. get the latest what happened, where things stand what might happen next. david spunt reporting live from our nation's capitol today. david. reporter: connell, good afternoon to you. as you know it has been back and forth on this the congressional clock moves at a snail's pace. no exception here. we're one day away from christmas. today the house, led by house democrats hoped to move from $600 to $2000 as you mentioned. that was the intention t was blocked by house republicans including house minority leader kevin mccarthy. he was not physically present but gave the order to block that from moving from 600 to $2000. he has other reasons for doing

that president trump says listen, we don't need $600. we need $2000. that is what the president wanted. those $600 was presented to him. house members, they're back at home in the districts, connell. there was a brief pro forma session. it lasted 12 minutes t was a for maltedty. leader mack cart think were not there. democrats furious are mccarthy and other republican leadership, it goes all the way up to the president himself. >> that is what people need. hope. to continue to work on this in january. doesn't give a damn about people. he threw fear, threw care kerosene on a fire. reporter: congresswoman debbie dingell. house republicans cruelly deprived american people of $2000 the president agreed to support. if the president is serious about the 2000-dollar direct payments he must call on house

republicans to end their obstruction. minority leader kevin mccarthy out with a tweet. democrats appear to be suffering from collective hearing. they conveniently ignored to recampaign tax dollars wasting overseas while so many americans are struggling at home. the covid relief bill is tied to a $1.4 trillion bill that would fund the government. some of the foreign aid demands made by trump state department. house speaker nancy pelosi will bring house back to session on monday where they will hold a recorded vote. she is hoping, connell, when they will on the record vote from $600, move it up to 2 -- go thousand dollars for democrats, republicans guest on the record. no question, a little bit confusing going back between the two numbers especially with the president on the same side as democrats on this issue. connell? connell: confusing is one way of

putting it, david spunt live in washington. we'll have more on the stimulus stalemate here in just a moment but looking now at some of the other headlines we're following including the continued rollout of the vaccine, that should be ramp up between christmas and new year's. edward lawrence with more. reporter: a tale of two stories. moderna believes its vaccine will protect people against the mutated strain of covid-19 found in the united kingdom. the company plans doing sess to verify that in the coming weeks. by the end of this month, 20 million doses after pfizer vaccine and moderna vaccine will be pushed out to hospitals and nursing homes. the co-chairman of the "operation warp speed" both say that between the two vaccines already approved for emergency use 100 million people in the phase one category will be vaccinated by march of next year in addition johnson & johnson and astrazeneca are looking like new year's babies for the world, ready for emergency approval possibly by mid-january.

now the real christmas miracle is though, distribution of millions of doses. so far that have been delivered with almost as much accuracy as santa. >> had a handful of packages that we tried to deliver that were not destined for the right place but we captured them before they were dropped off and we rerouted them to the right place. we had a couple of, not misshipments, shipments that didn't go out on the right day. reporter: they ended up getting those shipments out. as the vaccine is being pushed out people are itching to travel. tsa said five million people passed through checkpoints at airports between last friday and tuesday. some of the places they're going might be more locked down. california, example, has emergency room beds basically full. the governor has among the tightest long downs in the entire nation. all dining is shut down. gyms are shut down. cases are spiking. people may be leaving new york

city. that saw the largest outflow of residents. still lockdowns in new york city are increasing this is what the mayor of new york city says about people visiting new york from the united kingdom. >> effective immediately, literally all travelers coming in from the united kingdom, a department of health commissioner's orders directly to quarantine. specifically folks coming in from the uk, given that particular concern we'll have sheriffs deputies go to the home or the hotel of every single traveler coming in from the uk. reporter: direct visits in those states with severe lockdowns, gatherings inside or out are limited to 10 people. even dr. anthony fauci clarifying his comments as people of whoville complained. don't cancel christmas. just it at home without relatives coming over. back to you. connell: edward, thank you, sir. edward lawrence live in washington. we'll see you later on. in the meantime let's talk about

some stories in the news on christmas eve, joined by rebecca walser, dan gel true and scott shellady. the markets will close in less than an hour with early trading session. no offense to scott who gets best dressed award. it goes today for rebecca who is there for the season. i will start with you. good to see all three of you on stimulus stalemate that david spunt is talking about. your thoughts what is going on here. it is anybody's guess what the president is up to on his way out but certainly shaking things up yet again. i'm not sure how it ends up, seems like the market is not too worried about it. probably if anything we get stimulus, maybe it is just delayed. but for regular people, small businesses and the like they don't want another delay. what do you think is going on here? >> connell this, is politics at its best. i don't think people were expecting a lot of people to digest and really analyze what

was in this bill. they called it covid relief, right but it was such a pathetic direct payment to americans, $600. whereas before it was 1200 that was called not enough. 600 is now supposed to be generous. when you start looking at all of the foreign aid that is going out. i think that's the problem that people are saving no. i don't think they were literally expecting people to be paying attention to what all was happening because you have fiscal conservatives but also have people on other side this is really ridiculous. it shouldn't stand. democrats seem to be willing to go ahead and go along with president trump and raise that to 2000. now we have republicans not ready to do that. it is really confusing. the american people are confused. we need more stimulus. we need it for americans. americans first. we don't need to save the world. don't need to rebuild ships in other countries when our economy is closed. that is what is happening.

connell: let me stop you for one second. i will bring dan in in a moment. on foreign aid always popular to say, well we want to take care of ourselves before other countries and the rest. here is the problem in this case. this is just the way it is, dan, that money was requested by the trump state department. u.s. aid is run by the state department. secretary of state, president himself, were supporters of that. the president is essentially saying that i don't want the stuff i asked for. to me the foreign aid argument doesn't make much sense. i understand it is popular. people latch on to it. the stimulus is interesting. the president had a chance to negotiate this. steve mnuchin his own treasury secretary was involved in the negotiations. but now he is trying to change it after it is has been passed by both houses of congress. what do you think what is happening, how might end up? >> you just hit the nail on the head related to, you have mitch mcconnell and steve

mnuchin who are essentially negotiating on behalf of the president. as far as everyone knew president trump was made aware of exactly where the negotiations were going. so to have a deal struck in congress and then the president turns around and says you know what? that has got to go back because the bill is a disgrace. it should be 2000 a person instead of 600. there is too much waste. the president is not wrong by saying we should up it to 2000 and we should get the waste out of the bill. the problem becomes he has put republicans in the house and in the senate in a really difficult position now because these deals don't happen so quickly. it is a long and arduous process. to have to start over again it is going to cause a lot of pain and perhaps connell, let me make this final point, the most

important thing at play is what goes on in georgia with that senate race. connell: yeah. >> so what is happening here in congress, how that plays out for the georgia election is probably the most consequential thing of all of this. connell: right. that is got a number of republicans on capitol hill worked up about all of this. as i bring scott in i want to bring up another story we're talking about deals that get done or not, scott, feel free to weigh in what we've been talking about as well, i know you spent a considerable amount of time in london. i want to mention the we finally trade agreement eu, uk, on brex kilt. that gets done before end. year. one less thing to worry about. your thoughts on that in terms of what is accomplished what the future is for the uk, what it means for us. also what we were talking about, scott? >> well you know what it does, it's a great segue. it ties in together. both countries have a horrible

swamp. that was voted on in 2016. they're getting around, slap everybody on the back give them an attaboy getting something done in four or five years time? it i was ridiculous. just as this bill is ridiculous. you want to stimulate the economy and stimulate americans? open up the economy. what they have done they have shut you down, bankrupted you, locked you up and then want to give $600 to you and billions of dollars abroad? it is an absolute disgrace. these people have left their minds, they're so out of touch. my twitter feed, my facebook feed, i feel bad for these people. they can't work and government will they -- if you ever been in the been a waitress or waiter and you get a zero tip, you think to yourself, maybe they forgot or whatever, make an excuse. but when somebody leaves you dollar tip on 200-dollar bill they're sending a message. $600 sends a message. it is disrespectful. some people would say, why get anything? so tell i'm visably angry about

the fact this will not cut it. they shut you down. they put you out of business. they bankrupted you. they locked you up. this is what you get? international stimulus? it doesn't make sense. i don't know where we are as a country where this was even thought to be going through or at least, attracting some sort of attention. connell: get everybody worked up. i have to end the segment by saying merry christmas. the way of the world we live in at this point. seriously, thanks for starting us off today. they are important issues. merry christmas to all three of you. speaking of merry christmas, one of reasons i do enjoy working a little bit on christmas eve, we have a chance to track santa claus. we'll be doing it throughout the show here. i know the markets are important. i have an app on my monitor here in the little studio and norad on the screen hasan at that clause up as well. he was last seen in india. he is on his way to pakistan. we'll keep an eye on assistant at that and the reindeer

throughout the hour. we have the markets. dow up 13. santa on his way to pakistan. still no stimulus deal. that is the way of the world. we'll be back with "cavuto: coast to coast". your journey requires liberty mutual. they customize your car insurance so you only pay for what you need. wow. that will save me lots of money. this game's boring. only pay for what you need. liberty. liberty. liberty. liberty. robinwithout the commission fees. so, you can start investing today wherever you are -

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help the world believe in holiday magic. and this year was harder than ever.

and yet, somehow, you all found a way to pull it off. it's not about the toys or the ornaments but about coming together. santa, santa, you're on mute! just wanted to say thanks. thanks for believing.

connell: back with the latest on hunter biden here on "cavuto: coast to coast." new business records show that president-elect son still owns a stake in a chinese private equity firm. the latest on that as she covers the transition with jacqui heinrich in wilmington, delaware, for us. jackie. reporter: good afternoon, connell. as federal investigators continue to look into hunter biden's tax affairs we learned deals include china cord dog sources at the same time we're told hunter biden has 10% stake in chinese private equity firm bhr. hunter's stake comes through his company, atlas llc. he indicated sale of his overseas holdings is still in motion pointing to an article this summer. "wall street journal" reports that a person close to bhr, the international scrutiny hunter's

involvement has drawn limited their deal-making ability. he stepped down from the board of bhr in 2019 october, prompt missing not to do any foreign work if his father won the white house. hours later joe biden made a campaign stop in iowa he promised no one associated with him or his family would be involved with any foreign operation if elected. 14 months later, 27 days until the inauguration hunter's overseas investment lives on. fox has learned there is a chance that a special counsel may in fact be appointed. it follows attorney general bill barr's departing decision it is not necessary. acting ag jeffrey rosen has not said how he will act. senate republicans are calling for it to happen. >> does hunter biden have a u.s. attorney in delaware looking attacks fraud but he is not looking at his overseas

dealings, hunter biden's dealings in the ukraine and china and other countries. reporter: the u.s. attorney overseeing hunter's case is a trump appointee but biden insiders say it is unlikely the president-elect will fire and replace him because it could be seen as interference and he wants to avoid that. connell? connell: jackie, jacqui heinrich live in will dealt wilmington, delaware surrounding president-elect. 26 additional pardons were announced last night. roger stone was on the list, paul manafort, jared kushner, father chart cush they were may have had the list. we're joined by the mayor of cincinnati, secretary of state of ohio and former trump transition team member. ken, always good to see you. when we talk pardons, always tough to criticize one president without bringing up another. everybody remembers the end of the clinton administration criticism all over the place for the marc rich pardon.

you can make lists on and on. i'm not sure if one justifies the other but first your thoughts on what you're hearing from this president on pardons? >> president pardons because they can. they do it for reasons associated with justice, compassion, association, and they leave history to judge them. and so i think this president has probably granted these pardons based on all of the above. and so he knows that history will be the judge and he is ready to live with that. just as was the case with other presidents in my lifetime, most notably clinton and obama who had decisions that i personally disagreed with but they did it because they could for the reasons they chose to do it. that is just something that we live with within our, within our system. i'm sure that the president thinks that anybody who

disagrees with him will sell, you know, at least the guy gave us the most resilient economy in all of american history, if not all of human history. connell: what you're saying, the way you started it, sorry, ken to interrupt you the way you started it presidents issue pardons because they can. they didn't have cable news in george washington's day, if you read about it, that was the first pardon on his way out. he had a pardon he issued that was controversial. pardons in the 1800s were controversial. nixon pardon of president ford was controversial. i mentioned marc rich. it is one of those questions i know probably doesn't matter, but i will ask it anyway, why do we have the power of the pardon? do you believe in it, do you believe it should be as broad as it is in the constitution? reporter: look, the president of the united states is not the king. there are separations of power. but when he or she is president

of the united states they get information that comes over-the-counter that none of us, none of us do and so they are president of the united states. they have to make judgment calls and just as any baseball coach will tell you whether he is coaching world champions or you know, struggling minor league team you have to learn how to deal with criticisms and understand dogs don't bark at parked cars. that is just a fact of life of leadership when you're the president of the united states. connell: i guess. yeah. i guess. you do get the criticism from all sides no matter what party you're in. merry christmas, ken. thank you. good to talk to you again about this. around everything else this year. ken blackwell with us today. as we continue here we'll get back to some of the top stories we've been covering. also on this christmas eve a

great story from the folks who run the world central kitchen. talk about ways to help restaurants and also help people who are in need, they're doing both. the ceo joins us next. ♪. to all the businesses that helped us make it through 2020... thank you for going the extra mile... and for the extra pump of caramel. thank you for the good food... and the good karma. thank you for all the deliveries... especially this one. you've reminded us that no matter what, we can always find a way to bounce forward. so thank you, to our customers and to businesses everywhere, from all of us at comcast business.

♪. connell: all right. merry christmas indeed to all of you from all of us here at fox business. you know santa class as we continue to track him live was last seen in kazakhstan. that was moments ago. two minutes from now santa claus will make his first appearance of the day in russia. it has been a busy man. two billion gifts have already been delivered as we track santa. he is traveling on this christmas eve feeling better no doubt after the vaccination from

dr. fauci which took place in person. for other travelers let's get out to grady trimble at chicago's o'hare airport. it will be a while before santa gets to you. looks pretty quiet but it can be deceiving. how are things out there? reporter: things will pick up in the afternoon hours because of a batch of flights scheduled today. santa like the rest of us wearing his mask as he makes his way across the country. we should point out vast majority of people are heeding advice of public health officials. aaa estimates 3/4 of americans are staying at home this holiday season. still it leaves 84 1/2 million are choosing to go somewhere. most of them by car but we'll see more americans than have since the pandemic started getting on an airplane this holiday season. so here are the numbers. we added up the number of passengers that went through dsa checkpoints over the last six days topping 6.3 million. yesterday was the most since

march 16th. that is still way down, far fewer than a normal christmas. and even though not as many people will be flying this year, if you are you can expect planes to be fuller than they normally are. airlines have cut a lot of flights. most no longer keeping the middle seats open. so a lot of planes will be pretty packed today. 2020 will go down as the worst year ever for the airlines financially anyway. they're hoping the president signs that relief deal because it includes $15 billion for them. american airlines and united airlines already laying off a combined 32,000 employees when their cares act funding expired. they were hoping to rehire those employees and get paychecks out to them by today but now with that relief deal up in the air, well so are those paychecks. connell, one last thing i want to touch on as we follow that strain in the uk. we just got a statement from united airlines.

they say all passengers flying from the uk into the united states will have to get a covid test and show that it was negative within 72 hours of their flight. so that is the situation here at o'hare and the situation across the pond in the uk right now. connell: that is interesting what has been happening there with that new strain. grady, thank you. grady trimble, live in chicago. to that story now as promised with the world central kitchen. we are talking or we have been talking with the country, at least part of it on lockdowns and restaurants how they are struggling. entering the world central kitchen and the donations, 12 million meals delivered, 135,000-dollars paid off to local restaurants. the ceo joins us. you're like your own stimulus plan for some restaurants who have been in need so much, for people who have in need. tell us how everything works and how it has been working for you guys? >> absolutely connell.

thank you very much for having me, merry christmas. we saw very early on in this pandemic a couple of things were happening. restaurants were going to necessarily be shut down because of the risks of transmission indoors. we also saw that families who have lost their jobs and schools, because schools being closed a lot of folks were going to be food insecure. so we wanted to see if we could connect those two things, put restaurants back to work, to feed families that are struggling during this emergency time we're in right now because of the pandemic. it is pretty straightforward. we identify restaurants. we pay them to produce meals. on average about $10 a meal. which then can go to keeping staff employed, the rent being paid and is a bit after bridge. we're not there to replace all of the business. restaurants have lost so much business. it is just a matter of keeping them alive through this difficult time. we worked to identify where the

needs are, working with local community partners on the ground, non-profits, working with cities to get meals into the hands of families. connell: when you said a bit of a bridge, i was saying exactly what they wanted to stimulus package in washington to work as, it might if the president signs it but the restaurant act was not included. many restaurant owners wanted that in. there would have been a bunch of money in grants that could have helped them, bridge the gap, to get to the other side of it. without getting too much into politics with you, feel free to weigh in on that, i also saw reading about this morning, you have prince harry, meghan markle teamed up with you guys in some sort of a partnership? >> absolutely. on the first piece on the politics side it has been very challenging for restaurants. i think the latest numbers are over 110,000 restaurants in this country have closed, one in six. i'm sure many of your viewers right now know their local

restaurants that have shut down. restaurants are also shutting down for the winter, basically saying we can't really do outdoor dining now. we'll close down for the next four months until it warms up again in parts of this country. this is dramatic for an industry that employs a lot of people in america. to really be taking a hit like this. so there was hope that there would be some targeted stimulus directly for the restaurant industry. this has not happened unfortunately. there is money in the stimulus, ppp money that can go towards restaurants and there is a little bit of a bonus for restaurants but the problem that doesn't really help restaurants either having to shut down because they can't get enough business. ppp will only be helpful for those businesses that can stay open and operational this is a big challenge. we're certainly doing our best with donations. as you mentioned we put $135 million back into the hands of small restaurants but certainly that is not enough. our donations are also running dry. we've been pushing sort of a

congruent effort in congress to unlock some emergency funding, fema funding that is already there. it is not new money but that can be directed to restaurants to feed people. so we're going to keep pushing on that. i think as we all know it is tough to get anything through right now. we'll keep pushing because it's a critical moment. it is going to be. the vaccines are going to take months to roll out. this will be a really tough winter for this industry. we're super excited as you mentioned to have prince harry and meghan markle supportive of our work. they have been supporting world central kitchen. they are living on the west coast in california where we've been doing a lot of work. megan is close to food relief efforts in the uk because of several incidents. it is natural fit. they will support some of our efforts naturally to build up resilience for places that could

be hit by natural disasters, hurricanes, fires, earthquakes where world central kitchen reacts to respond to serve those communities. we'll be excited about the partnership. we'll build community relief centers with them. connell: can raise the profile even more. not that you guys necessarily need that. i'm sure you could use all the help you can get from prince harry or anybody else. great work, you always do it, especially during this pandemic. we appreciate you coming on, nate. >> appreciate it, connell. connell: that is nate mook. that is the world central kitchen. in a moment as we continue hon "coast to coast" with the dow up 37. we'll talk to miami a little bit about that city, some that worked on wall street, some that worked on silicon valley are now think about working in miami. it's a real estate boom. a whole lot more. we'll have the story when we come back. don't go away.

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♪ connell: is it working? are you turning into sell con valley east down there in miami? >> it's absolutely working. miami speaks for itself. it always has. we have incredible weather. we have an incredible tax structure. we're a city that never sleeps. we're open for business, with company like spotify just announced they signed a long-term lease for one of their headquarters. blackstones goldman sachs, we're having all the major companies coming to the city of miami day in, day out. this is not a moment. this is a movement. connell: all right. that is the mayor of miami francis suarez, i interviewed him yesterday on "after the bell" here on fox business. we talked a lot about the so-called new york exodus. where do people go when they leave new york, or leave california, a lot to miami. daniel joins us on the conversation, paramount miami ceo and our segment with the

mayor was about something he has been tweeting about like crazy and that's basically turning the city of miami into the next tech hub, the next silicon valley. it is not just tech, goldman sachs and other firms that are thinking about miami. what is it doing to the area down there in terms of real estate, in terms of pricing? have we seen a big effect? >> so good afternoon, merry christmas, connell. the effect is significant. i've been a developer here in miami for over 30 years. we never seen anything like this before. i mean the effect on real estate, if you look at just the figures for instance, we've seen year-over-year increases, home prices now have gone up over 23%. even condo prices are up 10%. it is not slow down volume. volume increased 20% for condos and residences. what we're seeing is, what is mostly unprecedented is the major corporations are coming

here, ultrahigh net worth individuals. recently we heard of jared kushner, ivanka trump, tom brady. so they're moving down here but they're moving their businesses. barry sternlicht, for instance is building an office here in miami beach. he is moving 300 employees to miami beach. this is creating incredible jobs. what we have not seen before which we're seeing now is the tech sector, you're seeing san francisco, tech sector moving to miami. this is going to do something different than miami has seen we'll start seeing tech industry hear in miami. connell: we, we were kind of talking to the mayor about yesterday. he has been pushing that part of it. when we talk about florida in general, miami fits into that, we know the story about taxes on an individual basis, what the argument is for living in the state of florida. what about for businesses? miami is not a cheap city but if you're a business, you mentioned sternlicht, there are other examples, and you're moving

people to miami, what do you get for your money versus say san francisco or new york? >> from a price per square foot we're a third of the price. whether you're buying a condo or a home. what is interesting about miami we have a great urban environment. we're building for instance, miami world center. i'm the lead developer. we finished a 60-story residential tower. what you can afford in paramount, call it two bedroom home is a third of the price of new york or san francisco. so that is pretty incredible from a price standpoint. we're also building you know, so just to give you an example, miami world center, part of this new urban core here in downtown miami. we have five blocks of retail. a mixed use of residents, hotels, a medical center, micro residents, for second homebuyers. we realize a lot of people, used to be digital nomads were a

small group of people. everyone in essence has become a digital nomad. people can live anywhere in the world. so miami is very desirable. the prices are significantly lower than new york and san francisco. this is why people are moving. then of course, add on taxes, benefits, weather and lifestyle. connell: took you long enough to mention the weather. thought you would rub it in on us in new york. >> everybody always starts with weather. everyone always starts withether. it is about5 degrees. i was going to take a jog this morning. but i'm here. connell: come on. actually not that cold here today, believe it or not. i think it is raining a almost bit. thank you. anyway, it it is interesting. it's a great city. benefits will be interesting to watch over the next few years as it continues to build up. >> absolutely. connell: thank you, daniel kotse in miami. >> appreciate it. connell: more on that in a moment. these businesses that this time of year would normally having

people in and be throwing a big christmas party or whatever the case may be, they can't do it obviously. upstream has a new way to do it on a virtual basis and it's creative. we'll have that story when we come back. ♪ ♪ ♪

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♪. connell: back with a "fox business alert" on christmas eve. boy, we all had to adjust things this year. of course, even pope francis has been forced to change his schedule this christmas season with the lockdown in italy. we have the very latest on that from fox's middle east correspondent trey yingst. reporter: connell, good afternoon, christmas celebrations in the holy land are a bit different since the outbreaks of covid-19. the ancient city of bethlehem was nearly empty today as the traditional latin patriarch procession marched through manger square. one boycott was permitted to follow in the tradition with few pilgrims in sight. >> we cannot celebrate according to the traditions because of the pandemic. we will -- [inaudible]

reporter: palestinian territories recorded more than 120,000 cases of coronavirus since the start of the pandemic. in israel there have been nearly 400,000 total cases as the country started started a massie vaccination campaign this week. in vatican city pope francis will hold his traditional midnight mass. it will not take place at midnight this year. 7:30 local time. many people will gather virtually to participate in this mass due to covid-19 curfew restrictions. connell? connell: trey yingst for us. one of the things not normal this time of year, christmas parties many of us would be having in the office and being around town with people we work with. to make up for what has been lost enter the upstream app and the ceo joins us right now, alex taub. that is, a lot of people i'm sure just using zoom or face time or whatever but i was reading about what you guys do with what you call the holiday

mixer. this is kind of cool. if we all got together, work in the same place, you put us in a waiting room with audio and the party starts. how does it work from there? >> yeah. so you sort of come in and it automatically matches you up with four people for five minutes each. that is the default. you can actually mix it to whatever you want. if you want it seven people four minutes each, whatever you want to do and you get matched up one-on-one video on your phone. it automatically pulls you to the next meeting and the next meeting. it is sort of like the closest thing to real life serendipity right now when you can't be together. connell: it is like forced small talk. you get rid of awkward moments at the start of one of these zoom sessions everybody is on mute, nobody knows what to say first. who is using this? companies and they mix it up with people in the office? >> in terms of what upstream is, we're trying to build the best

place to grow your professional network, you can join communities, get help, attend events, other professionals, with meeting time together. what we realized during the holiday season we realized company holiday parties would be cans sell. we rolled out the feature a few weeks ago. it has been met with a ton of demand. big companies like ge, general electric, all the way to companies with 10 or 20 employees. even though it's a little bit late for some of the earlier december parties there is still new year's, there is still next week. you can easily go to upstreamapp.com and request the mixer and use it for yourself. connell: it is a good idea obviously. you were hinting at this even from a marketing standpoint because there are some people for lack of a better term the streaming space trying to get people to meet virtually. we all have a different way of doing it. what you guys do with upstream

events i believe i have that right, is -- are you doing normally if it is not a holiday party? >> normally there is a bunch of communities. they range from like the role or function. a business development community or a marketing community or like an engineering community. there is other that are like focused on the industry. so there is a health care community. there is a sports and business community. then there is others that focus on locations. so there is miami tech community that i run because i moved from new york to miami. which is funny -- connell: you saw our last segment, right? >> the mayor was our guest last month. connell: he is an interesting guy, francis suarez. i have to wrap it up. i'm sorry about that because the closing bell doesn't always ring this time of day, it is the closing bell happening early. alex taub upstream app. >> thank you. connell: we'll have the close on wall street. the dow is up 56.

we'll close it up in four minutes. santa claus, he is not worried about the closing bell. seven just on his way to the nation of georgia. he will be there before we get back from this break. we'll be right back. egy for cop. ♪ 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. no once-daily copd medicine has the power to treat copd in as many ways as trelegy. with three medicines in one inhaler, trelegy helps people breathe easier and improves lung function. it also helps prevent future flare-ups. trelegy won't replace a rescue inhaler for sudden breathing problems. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia,

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>> fox business alert, "cavuto coast to coast" on christmas eve. you don't have to adjust your settings on your watch, but the markets are closing. 1 p.m. eastern time, which we're just pulling up on, we do so with the dow jones industrial average closing up on the day by just under 80 points, about a quarter of 1%. for the week we're mixed, the dow is putting in a higher week with the other averages, not so much. u.s. markets today at the close, the dow is now settling in with a gain of about 70 points, 71 points. we're still comfortably above that 30,000 mark. the s&p 500 up at the close by 13 points, and the nasdaq by 33. again, about a quarter of 1 is is -- 1%. so that's where were on this christmas eve. it's great to be with you, i'm connell mcshane filling in for neil, and were one more hour the go here on "coast to coast," and the market is now closed. to talk about what might drive

it after the old day, we welcome in now bill mcgurn, gary caught because of and also joining us is francis newton stacy. that is our panel. merry christmas to all, we get that right out of the way at the top, and then we'll -- in case i forget on the way out, i would feel horrible. gary, you have the red tie, so we with start with you because the market's closing out with all this stimulus uncertainty. last hour we were talking about, oh, what's the president going to do next whether he's pushing for more checks. it doesn't seem like investors, we can talk about so-called regular people in a moment, but investors don't seem that shaken by all of this. what do you make of it? >> bullish markets are hard to kill, it's as simple as that. even though that's important and even though the georgia election is very much important. so the market's in good stead here. it's living off of massive trillions and trillions of central bank largess not only here, but around the globe, and

business has beenic picking up in a lot of hours. of course, cruise lines still not doing well, i think airlines had their best day yesterday but we're still down about 55% or 60% from last year. so there are areas that need a lot of help, but i think on the whole there's a lot of getting back to business especially -- i will tell you, i'm here in florida, and it doesn't feel like there's a virus out there. connell: totally different world from -- i haven't been in the florida since right before the election, but it's a totally different world talking to people like you than it is in places where we are, i'm sure bill would agree, in new jersey, right? just the different mindset people have. i don't know how that affects the economy, but people feel differently here than they do in states like florida. so it's kind of a split mindset, i don't know how that plays into things. what do you think? >> yeah, i agree. look, it depends on, you know, partly it depends on how open the states are. we're very different models,

which are shut down, and partly it depends on who you're talking to. in my little town on main street, i think people are really struggling, these small retailers and restaurants and so forth. other people, you know, i'm working at home, i don't, i don't really feel anything but an inconvenience in my life, but i know there are a lot of people hurting out there. so as you say, it's very different for different people. connell: and the view on that from your point of view, francis, is what? i started by saying to gary that, you know, for investors it's one thing, for regular people -- to bill's point on main street -- it's something else, and that's where we get into this discussion about what's going to happen with stimulus. maybe we do eventually get it, maybe it doesn't matter too much to a wall street invest orer whether the clerk is a $600,000, check $2 -- 600 they can, 2,000 check, but to regular people it does matter. to restaurant owners, the timing of that does matter because it's listen been already held up for

months. and it gets back to that story of a split economy. what's your take on things? >> yeah, certainly are. so for a long time we've had a wealth gap where you sort of had a statistical difference between the upper 40%, those invested in assets, and the lower 60%. and you had that going on as a trend, and covid has exacerbated that. the markets really shrug off the difference between $600 checks, $2,000 checks, whether we papas it today, i think the market has largely passed in $2 trillion in stimulus because we know biden and yellen are coming off. and most of us -- i've been busier during covid, i'm so blessed. but, yes, there are americans who are in food lines, who have lost their paychecks, who are at risk for eviction, and it's a starker contrast than ever before. it's going to breed populism in our politics for quite a while, and it's kind of indicative of trump and aoc agreeing, which we would have never thought possible.

connell: yeah, i said that is exactly how 2020 was intended to end, of course, with president trump and aoc on the same page in stimulus. we just shake our head and say, of course, what other year would we have something like that? [laughter] guys, stand by, i want to talk to you about interesting moments, about whether mayor de blasio's going to come knocking on people's doors, especially those who have come from the u.k. it's not like it has been in the past, certainly. garrett tenney joining us from chicago o'hare airport. what's the latest from where you are today the, garrett? >> reporter: yeah, things are starting to pick up just a little bit. the morning is when it's the busiest, and then it slows down a bit. you wouldn't know it by, you know, the slow scene we're seeing behind us, but airports right now are the busiest they have been since the start of the pandemic. that being said, 96% of folks traveling for the holidays are expected to drive to their destination, and three-quarters

of americans are expected to stay home according to aaa, though it is entirely possible that number could end up being even higher. >> just like at thanksgiving people have been doing a wait and see approach, kind of deciding at the last minute. while people may have travel plans, they may cancel and stay home just because of the pandemic and the rise in covid-19 cases. >> reporter: the cdc is urging folks to get tested before they travel, but those tests aren't 100% accurate, so even if it comes back negative, there's a chance you could unknowingly spread the virus to friends and family. a lot of folks we've spoken to say traveling to see family over the holidays is not a decision that they have taken lightly. >> if there was just like a vacation or something, that wouldn't be, like, that wouldn't be responsible, i think, just traveling for, like, not a good purpose. but for me personally, my

personal situation, weighed the risk and went for it. >> reporter: now various states and cities are requiring or asking folks to provide a anything covid test when they arrive. however, according to reuters delta airlines is now starting now, today, requiring any passengers traveling from the u.k. to the u.s. to provide a negative covid test before they can get on the plane. connell? connell: all right, garrett, thank you. garrett tenney out in chicago. to the point garrett is making about travelers coming in from the u.k., the airlines are asking for those negative tests, the mayor of new york city, de blasio, is going an extra step saying if you have somebody in your house from over there, they're going to come looking for you. >> all travelers, literally every single traveler coming in from the united kingdom will receive a department of health's commissioner's order directing them to quarantine, but specifically for folks from the

u.k., we are going to have sheriff's deputies go to the home or the hotel of every single traveler coming in from the u.k. connell: bill mcgurn, you want to take this first, sheriff's deputies going to people's homes coming in from u.k. with the new strawn? that's the mayor. >> yeah, you know, it was just a few weeks ago that the mayor disagreed with governor cuomo's call to put cops going after people on thanksgiving and so forth and the crowds at home. i don't think he has the resources to do this, and to me, it's another bill de blasio gesture. i'm very skeptical that he's able to do this, that we find in a month from now that they actually did it in an organized way. again, it seems he has very confusing priorities. if they didn't have the deputies to go around, you know, to check people's houses -- now, they might say there are fewer travelers from the u.k., but

let's see. connell: this whole strain of coronavirus that's getting a lot of attention, and i understand why, francis, from the u.k., we're always so reactive. i think we may have talked about this a little bit yesterday, we're always so reactive because we have to be, you know? the it's not news until we've hard about it, and by then almost by definition, it's old news. even dr. fauci has said it's probably already here, so i'm not sure it's going to matter that much, but what's your take on this? >> yeah, they're probably already here, and 2020 has been quite a year for bill de blasio's popularity contest. yeah, again, you know, we had all of the defund the police effort ors earlier this year -- efforts earlier this year, we've had contradictory orders from almost all politicians in all states, we have poll stickses break -- politicians breaking their own orders, and i just think people have too much the fatigue. i do agree i don't think they're going to be able to implement it

it. there's a lot of posturing going on into the end of the year, into the vaccine, and i think bill de blasio -- i can't even say his name anymore -- [laughter] bill de blasio wants to be seen as having taken full responsibility and done the right thing, and i think there's so much posturing going on around the world, i don't think this is practical, and i don't think it's going to make much of a difference. connell: gary, what do you think? >> well, i'm biased. if bill de blasio says up, i say down. if he says down, i say up. [laughter] look, i find it ironic that the talk of police reform where if you have a dispute with a family and maybe somebody gets hurt, they're going to send a social worker over, but if you come from the u.k., we're going to send the sheriff in town to come look at you, and if you're bad, we're going to fine the heck out of you. i think he wakes up in the morning and thinks of too many things he needs to do and has to do. and as i said early, i'm here in florida, and right or wrong, the

government here has decided it's we, the people, and we're going to trust you, and we're going to trust your businesses to act in a very responsible fashion, and we'll keep our finners crossed things -- fingers crossed things go well because you're smarter than the government. i think it's the opposite in places like new york city, and that's why popularity is a little bit lower than root canal right now. [laughter] connell: don't knock it it until you true it. you're anti-de blasio, i wonder if that works as a trading strategy. whatever de blasio says, i'm shorting it, you know, that kind of thing. one more topic before we break here, and that is the vaccine. bill, start with you on in this. the numbers tell the us next week the u.s. will distribute about 4.7 million doses of the vaccines that we have, pfizer and moderna. you know, it depends on your point of view on this. some people saw, well, the rollout should be going a little faster, others say we're going to pick it up and we're in a

good spot. what's your impression of how we're wol rolling out these two vaccines so far? >> well, i think that the rollout should give us a better focus on what really matters. you know, we've been debating the stimulus bill and so forth, and i think we're focused on the wrong thing. the real stimulus is the vaccine, when that comes out. that is what will give people confidence, that is what will help solve the problem and lifting the shutdowns. those are the real stimulus. so i think we should be encouraging it, and i know different states are taking different, different approaches than florida, they're going to inoculate the elderly first. there was an argument for that. the argument for the other way is to reduce the spread, but the argument for the elder orally is it reduces deaths. so i don't think there's any one real answer about how to do this. one reason we have a federalist system. but i think were to keep the focus at the real, the important thing is not all what the government does in terms of

different economic aid, but to get the economy back on track and the stimulus is really the vaccine plus the relaxation of all these shutdowns. connell: right. as soon as we feel that confidence, gary, and maybe, you know, a young, healthy guy like you doesn't need it versus somebody else in florida, right? and what's interesting is that desantis, the governor there, got some attention -- to bill's point -- yesterday for prioritizing senior citizens in general, those 65 and older rather than 75 and older and rather than some of the younger so-called essential workers. what do you make of it, gary? >> well, first, let's state that the fact that we're even rolling it out before 2021 is a miracle, and there should be parades for these scientists that were able to get this thing done when it usual arely takes 3-5 years. look, the states are going to be doing different things different ways, i'm just hoping they get it right. for me, the elderly, the infirmed, you start there.

why? because all were heard since day one is the elderly and the people that already have illnesses are the ones that get it worst, get it easier and, actually, die easier. so you start there and then you work your way down. and i think we're getting that in a lot of areas and, hopefully, it follows. and, look, all i can until you is to get this whole thing done isn't soon enough. i can't wait for the big parties in a few months when we can go to a basketball and football game and sit in stadiums and arenas and eat hot dogs and burgers. i can't wait. connell: yeah. you're not going to go to knick games again, i know your -- you're a fan -- >> i'll still go and be depressed. [laughter] connell: oh, man. gary, francis and bill will continue in a moment. the biden plan for free college tuition, that's getting a lot of attention in the transition. we'll have that and more. remember, the market's already closed today, we finished up 70

in a shorten session on wall street on the dow. we'll be right back. ♪ ♪ this holiday, get the phones everyone wants on the 5g america's been waiting for. verizon 5g is next level. now get one of our best 5g phones on us when you buy one. and get $500 when you switch. plus select unlimited plans include disney+, hulu, and espn+. 100% obsessed with "the mandalorian." i watch a lot of sports. it has all my favorite shows. and right now, the gaming the whole family will love is also on us. it's like a gift on top of another gift. gifts keep coming at you. everywhere. this is 5g from america's most reliable network. some things are good to know. like where to find the cheapest

gas in town and which supermarket gives you the most bang for your buck. something else that's good to know? if you have medicare and medicaid you may be able to get more healthcare benefits through a humana medicare advantage plan. call the number on your screen now and speak to a licensed humana sales agent to see if you qualify. learn about plans that could give you more healthcare benefits than you have today. depending on the plan you choose, you could have your doctor, hospital and prescription drug coverage in one convenient plan. from humana, a company with nearly 60 years of experience in the healthcare industry. you'll have lots of doctors and specialists to choose from. and, if you have medicare and medicaid, a humana plan may give you other important benefits. depending on where you live, they could include dental, vision and hearing coverage. you may also get rides to plan-approved locations; home delivered meals

after an in-patient hospital stay; a monthly allowance for purchasing healthy food and beverages; plus an allowance for health and wellness items. everything from over the counter medications and vitamins, to first aid items and personal care products. best of all, if you have medicare and medicaid, you may qualify for multiple opportunities throughout the year to enroll. so if you want more from medicare, call the number on your screen now to speak with a licensed humana sales agent. learn about humana plans that could give you more healthcare benefits. including coverage for prescription drugs, dental care, eye exams and glasses, hearing aids and more. a licensed humana sales agent 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.

♪ connell: all right. e merry christmas, everybody. our live santa tracking continues thanks to the help of our friends at norad. he left somalia a few minutes ago, and after that he was out to the seychelles, some of the islands out there. 2.5 billion gifts already almost that have been delivered. a. fox business alert on housin, freddie mac saying the average rate for a 30-year fixed, that's in at 2.66%. now, a year ago it was at 3.74. so the 30-year fed already down to 2.66. as promised, free college being promised by the next president. first, here's president--elect joe biden. >> public colleges and universities tuition-free for families earning less than $125,000. we're going to cut student loan payments in half by using those

income-based payments. you know, if you're making $25,000 or less per year, you won't owe a dime of payment or interest. connell: all right, so it's bill, francis and gary with us as our panel on "coast to coast." francis, you want to take this up first on the merits? free college being promised as the president-elect talks about at least for people making a certain amount of money. what do you think? >> well, this sounds good, and we've certainly seen that people who had degrees in higher education fared far better than those who didn't, but can we afford it? we have a record amount of debt in the system now post-covid, we de facto have to paper over it, we have to devalue our dollar, use yield curve control to make sure that we're able to keep credit markets so that they're healthy, and this is going to add further burden, and i don't hear it spoken about much, but when you start forgiving

stimulus -- i'm sorry, student the loans, you're reducing the money supply, and you put a lot of pressure on credit markets. overall, i think college is a fantastic thing, i just think this really has to be crunched carefully to make sure welcome afford it aside from the political gesture. connell: yeah, it's interesting, gary, behalf-jokingly say neil cavuto is the only person that talks about the debt, now we have francis -- [laughter] the only other person talking about it in america. can we afford it, gary? >> i'm 3a and 3b. [laughter] look, there is nothing for free. somebody has to pay for it. and we have already been told how it's going to be paid for. taxes are going up if they get the senate come the first week in january. and my bigger worry about that is if you go back to all the debate in the democratic party and all the proposals on all the

tax hikes, there is not one tax hike they don't like, and there's no tax cuts they do like. and i am really worried for an economy that is still dealing with a pandemic. somebody's going to pay for it, the wallets are going to be emptier, and the economy's going to suffer because of it. connell: bill, your thoughts on this. i mean, it is, you know, it's part of kind of a wider discussion, i think gary's getting at, that no matter what, taxes are going up. the georgia race has become even more important to, you know, kind of lend an idea of how high taxes are going to go but also how many of these programs can be pushed through. i guess we'll know in early january how aggressive the new president can be, right? >> yeah, i agree with my co-panelists here. look, you know something's going to really hit you in the wallet when he's free. when it's free. they don't talk about the price tag for this. it's both a spending bill and a tax bill, and it's interesting

that it's not even mentioned what the costs will be. the second thing is it avoids a lot of the real question about college. one reason tuition prices are so inflated is because of the federal government and a lot of loans. and because the schools have no skin in the game, in other words, if someone gets a loan and they go to the school and then they drop out before getting their degree or they get their degree and they owe, you know, $50,000, 60,000 in debt and they can't pay it, the school not in on it. and if they put them on the hook. i think we need to reduce that pressure, that upward pressure on tuition, and a lot of it is government-fueled. connell: all right, bill, you're going to hike this being in new jersey. we mentioned the real santa claus is out in africa or, you know, moved off the coast there a moment ago. one of his most noted helpers on a scouting mission over the state of new jersey. want to take a live look at that, and then we'll be right back. there he is. ♪ santa, can you hear me?

♪ i have been so good this year. ♪ all i want is one thing, tell me my true love is here. ♪ it's the all i want, just for me. ♪ undermy -- underneath my christmas tree. ♪ i'll be waiting here. ♪

♪ ♪ connell: fox business alert as we come back, talking a moment ago about how important these senate runoffs will be in the state of georgia. some say president trump has put the republican candidates in a tough spot with some of his actions, the veto of the defense bill one of those. let's get the latest on what's happening on the ground, live to atlanta and fox's jonathan serrie. jonathan. >> reporter: merry christmas to you, so much going on here in georgia. georgia's republican senators have yet to say whether they intend to vote to override president trump's veto of the defense spending bill. the annual funding is crucial to

georgia's many military families. but senators david perdue and kelly loeffler have aligned themselves closely with president trump who remains hugely popular among republican voters in this state. their opponents are taking advantage of this dilemma. the georgia democratic party spokesperson says senator loeffler must choose, will she block critical funding for georgia's service members and military facilities. the president demands that lawmakers increase individual krone various stimulus check es -- krone virus stimulus checks and created a rare moment of agreement from democrats john ossoff and raphael warnock who criticized the original $600 checks passed by congress saying it was too little too late. when asked about whether she'd consider a revised bill with increased payments, here's what senator kelly kelly loeffler sa. >> i'll certainly look at supporting it if it repurposes wasteful spending toward that, yes. >> reporter: the voting rights

group found by stacy abrams is suing to block the conservative texas watchdog group true the vote from challenging the eligibility of more than 360,000 georgia voters, accusing them of voter suppression and shippation, unquote. but true the vote insists it's challenging these voters based on postal records and other commercially-available documents and not any demographic data or voting history. back to you. connell: all right, jonathan, thank you. jonathan serrie live from atlanta. back with our's. teemed christmas eve panel here -- esteemed christmas eve panel here. bill mcgurn, has the president really put republicans when on capitol hill or running for senate in georgia in a tough spot here with his actions on stimulus, pushing for -- 2,000 checks -- $2,000 checks, with this veto of the defense bill that jonathan was just reporting on, and how should republicans handle all this? >> yeah, i think, absolutely.

it's very disappointing to me, because i was very heartened by president trump's decision to say he's all in for kelly loeffler and david perdue because that is the key to preserving some of president trump's big achievements on the courts, you know, with his tax cuts and so forth and the fact that he was going down to a really. now the problem is both of these senators, they're incumbents. they have records on both these issues. both senators opposed the $1200 proposal for payments, right? so how do they now, having rejected that as too expensive, agree to $2,000? so it puts them in a position of either are piewduating trump -- repudiating trump to stay true to their votes or not repudiating the president and changing which opens them up to charges of hypocrisy. the same with the ndaa because both had voted for previous versions of it. i think it's a real worry, and

the nightmare is scenario e is if they stay true to their positions, then the president denounces them or says, okay, or i'm not going down to georgia to raise votes for you. so i don't think if he had contemplated this, but i think this is a real problem going forward and, in my mind, an up necessary one. -- unnecessary one. connell: i don't know if he con testimony plaited it either. gary, you know, four years of this, it's tough to put motive behind the actions sometimes or figure out what the president's strategy or thug is. i know i can tell you i heard from a republican on capitol hill that thinks the president's just lashing out, angry at his own party for not helping him as he sees it in this fight to try to overturn the election results. what do you think is going on here? you know, to bill's point, it does put these republicans in a pretty tight spot. >> i wish knew. follow the bouncing ball. the president has his state department and his treasure true secretary -- treasury secretary negotiating on his behalf, gets

a bill done and then undercuts them as the republicans don't know he's even coming out and stating 600 no good, 2,000 good. and what do the republicans do? they sit there with their mouths agape, and what do hoyer and pelosi do? they're senator, they come out with a unanimous consent vote where the republicans come out and just one person objected and it's over and done. and now on monday they're going to do a recorded vote. and you can imagine the ads running in georgia after this is all done, how mean and grinchful all republicans are, and why would you vote for them when it comes to this senate vote and then look out below. i just don't get it, i don't know what they're thinking. i think he's shooting first before thinking, and this for the republican party, i would call it the soup right now, and i don't know how the heck they get out of it. connell: right. because he does, francis, have a lot of power in that party. just take, for example, on the election fight.

no mart what the evidence shows, the people who support the president believe he got a raw deal. we did a poll at fox where 77% of trump voters believe he really won the election. evidence, what we have, shows the opposite is true. and then when you get in a position like this where he's, to gary's point, arguing on the one hand i want x, comes back and says, no, no, how about y, again, the people who decide the elections, the face of the party, may very well be on his side. so the elected officials, it doesn't take too much for one of them who may have been a supporter all along to all of a sudden be called a rino, you know, republican in name only. that's the kind of thing we've seen happen over and over again. how do they handle it? >> i think kelly loeffler handled it perfectly. when she said, yes, she agrees in an increase to the checks if you can cut wasteful spending. we have a record amount of account in the system, and that's the responsible thing to

do. i loved cavuto as santa claus in the sleigh juxtaposed to being the number one debt guy, and i'm happy to be in his company on that. [laughter] i think that, you know, this is very surprising. i think what's interesting is market volatility, even though we have a low volume day, is not reacting to trump's tweets or shocks or anything like it once did with the china trade deal and dow down 800. i think everyone knows a new administration is coming in, and i think -- i don't actually think this is going to move the dial that much. i think people are going to be mad at president trump, and i think as long as the senators in georgia can kind of explain their view on this succinctly, they're not going to be punished for it. connell: well, we'll see. that's the way it could have an impact, certainly a political impact. it could have a real world impact on business owners that want to got this money as quickly as possible, the least important area is probably the financial markets right now because investors are figure out, you know what? we'll get it at some point, and it's for timely than anything

else. >> true. connell: since francis brought it up, i want to make a point on cavuto. there is a problem with our little helper in new jersey helping santa claus with his scouting mission. neil's facing the wrong way, so the reindeer are essentially flying blind here which could be an issue as we get closer to the big moment. if you're in new jersey, watch out for an out of control sleigh. ♪ the leaves are so unchanging. ♪ o christmas tree, o tree, thy leaves are unchanging ♪ and for the extra pump of caramel. thank you for the good food... and the good karma. thank you for all the deliveries... especially this one. you've reminded us that no matter what, we can always find a way to bounce forward.

so thank you, to our customers and to businesses everywhere, from all of us at comcast business. ♪

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dudes -- brett larson at fox news radio has a story today about all the surcharges from our internet service providers. >> as millions of americans continue to work from how many, internet service providers are implementing data caps, and it could result in a big surprise in your next bill. netflix streaming, a zoom meeting, remote learning. of everything you're doing at home, it's mostly being done online, and it's all using up an unknown amount of data that you could end up paying extra for. >> it's all about money. you know, at home whether you set up a wufy network or not -- wi-fi network or not, it's all you can eat. you don't think about how much you're consuming because it's up limited. that's about to change. >> comcast tells fox their 1.2 terabyte data cap doesn't impact 95 percent of their customers, but how much is 1.2 terabytes?

this hard drive holds 1 terabyte of data, but just how long it takes you to use up all that space depends on what you're doing. just like when you're on the internet. to stream the popular netflix show the crown in 4k, you'll use an estimated 7 gigabytes an hour, over a fourth of a terabyte for an entire series. ad that to a zoom call, estimated at 1.5 gigabytes a day, eight hours a day for two kids for school, more eaten up for the month. >> it's going to put that question mark, am i going to go over that cap. parents are working from home, kids are learning from home, and that consuming more data. >> at&t, charter and verizon say they do not impose data caps. the comcast cap goes into effect next year when xfinity customers will be asked to pay $10 for

every 50 gigabytes they go over. connell: back to the panel, a battle going on amongst the states, billions of dollars on the line over taxes. talking about work from home taxes and, bill mcgurn, we mentioned you're in the state of new jersey. now, you work for "the wall street journal" which is based, i guess, or your office is in new york city. new jersey and connecticut have joined this legal battle to stop neighboring states from taxing residents because of the pandemic who have not been commuting over state lines and they're now working are emotely. so yet another -- remotely. another issue we haven't had to deal with in the past. what do you think of this, and what should happen? >> well, there's a simple case, right, in massachusetts and new hampshire that they're trying to get to the supreme court on this decision. look, all these states, their primary object you have is to -- objective is to treat people like people to be soaked, and they want revenues, and this is a great discuss location because

now -- dislocation because now it's freed a lot of people to work from home. for example, i work this new jersey, right, which is also a high-tax state. but i think a lot of people who left manhattan and may be working in new jersey or connecticut, they can start looking and say, well, i could be in south carolina or florida or texas and do the same job. and it's what the states and the cities really fear because these people then aren't subject to be their tax burdens. and it makes these cities and states with high taxes less attractive to the people looking to set up businesses. so i'm hoping that we come down on the side of people, you know, the people that are taxed where they live, you know, where they earn the money rather than, you know, extraterritorial going after people. it seems to me there's no excuse now for saying new york city to tax me living in new jersey working for my company. connell: right. and, you know, whether it's "the

wall street journal" or any other company, it's going to be hard or to city say where those companies are, quote-unquote, based. i mean, you might have offices in a number of locations, but their workers are going to be so spread out. they're notes inly leaving california, but they're -- not necessarily leaving california, but they're moving there to texas and other places. francis, we talked about miami, so many people moving to south florida for tax reasons which helps individuals who work at those companies as well. i don't know that we know the answer to this, but what do people do? what do they decide to do? what do they want? do they want to be remote and live in some of these low-tax statements, or do they want their normal liveses back and come flocking back to the big cities they worked? how do you see it playing out in. >> we divorced california for nevada, and with spend the rest of our time in florida, so you can see what my opinion is on

this. but it's interesting because states were able to tax where you earned, and that was how these big high-tax states kept their revenues x. now that businesses are threatening to leave, they are really going to lose that argument, you know, regard he is of where this all comes down -- regardless of where this all comes down. and i think if you're in new york city, you want to do everything possible to incentivize businesses and financial, you know, institutions like goldman and workers to stay in new york because if all of the tax revenue leaves new york, it's going to be a problem for a long time to come, and it's not going to fix the budget deficit whatsoever. but people are just generally overtaxed. we don't know how this is going to shake out yet because there are some rumors also from twitter and vmware that they're going to pay you salaries commensurate to where you work. if you work for them but live in idaho, they may reduce your salary. who knows what to do because all the rules haven't yet been defined about stay at home working. maybe those guys are going tock taxed -- to be taxed, that was

also touted, 5% tax on stay at home workers, so who knows. connell: yeah, standard of living, maybe workers not making as much as those in other states. gary, we were joking around about how we suffered through, you know, the same sports teams as fans in the new area. you're a new york guy in that way but a florida resident at the moment. might come back, might not, but what's your perspective on how the pandemic has shifted your thinking on maybe all of this for lifestyle and for tax reasons? >> well, the pandemic has put high-tax states on notice that people that can maneuver and leave are going to leave now, you know? people, capital, businesses will flow to where they're treated best. and the amazing part about it is they're threatening to raise taxes even more. new jersey just put in a tax retroactive back to january,

new's threatening now. their job should be right now, they should be sitting in a boardroom, virtual, and discussing how do we keep people here and how do we attract people to come here. you know how you do that? you keep taxes low, and you treat people like you actually care about them. but, no, let's raise them. i'm here in orlando, they're building hospital, tensions, schools, apartments, houses because people are flocking here from these other states. and the fight is on between the governors of the high tax versus the governors of the low tax, and hopefully the low tax wins. connell: huge story over the next -- it already has been -- over the next few years though. guys, another quick break and we'll be back here in just a moment on ""cavuto coast to coast,"" christmas eve edition. don't go away. ♪ (chime) choosing sofi was literally one of the best decisions

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♪ muck connell: one of the great movies of all time. look at that now. one of the things that's getting more and more popular as we come

to you on christmas eve at fox, airbnb and other companies offering virtual holiday tours. most of us are stuck inside, maybe can't get where you want to be this year, and now you can go there virtually. you want to go to the holy land? you want to come to new york and see the sights? let me thank our panel for joining me, gary, bill and francis. gary, where would you go virtually if you could? >> anytime, my friend. listen are, i believe in traveling the world. i can tell you europe is fantastic. anywhere. anywhere after this pandemic, just go. connell: yeah, i know. we were talking about that yesterday. you new, francis, i it comes back, i mean, people are just dying to got out. again and we're going to be traveling all around the world once we can and muddle of next year maybe -- middle of next year maybe people start

traveling again? what's your thoughts? >> yeah. i think those that can travel will defendant travel. i think they have -- definitely travel. i think they have proverbial cabin fever. but this is incredible for people who can't afford to go to these locations to get some educational insight. and we're going to be more virtual forever, but i think traveling will still have its appeal. connell: yeah. it's really cool the way not only airbnb, but we have a treadmill here where you can type in, i was climbing mount kilimanjaro the other day, bull mcgurn. -- bill mcgurn. a hot easier, by the way. great views and it's great technology, but i think we'd all rather get out and go to these places for real again. i don't know how you feel, bill. >> yeah. well, you know, my initial reaction was skepticism. when i was a kid, we grew up with the local tv stations running the yule log, christmas log burning in the fire. and i used to think that was kind of silly but now as i get

older, i could see this as a real successor, i'm getting to the age where i might really enjoy. connell: i remember, channel 11 in new york -- >> right. connell: i've been trying to tell the, tyes at fox business just put gasparino e in his kitchen, watch hum cook meals throughout the day on christmas eve -- [laughter] we could have done it, we all could have stayed home. but, guys, thank you. we only have a few seconds left. how's our new jersey helper doing? we have cavuto trying to give santa claus a heads up. the problem, again, as pointed out, the sleigh and the reindeer, everybody's in different directions. so yes, or neil, we know you're waving, but that could be a problem later on. now, the real santa. [cheers and applause] just left -- claus just left ethiopia. thanks so much for joining us today and every day. merry christmas, everybody, from

all of us here at fox business, all you watching out there. i'm connell mcshane filling in for neil cavuto here in new york, and we'll see you back after new year's. enjoy it with your family. ♪ ♪ hi, this is margaret your dell technologies advisor to listen, is to hear more than what's being said... and offer the answers that make someone feel truly heard. i understand, let's get started . . . . .

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>> from the fox studios in new york city, this is "maria bartiromo's wall street". maria: welcome to the program that analyzes the week that was helps position you for the week ahead. i hope everyone had a very merry christmas. i'm maria bartiromo. coming up a few moments bobby van's steakhouse owner joseph smith giving his take on the stimulus package. will it be enough to keep the struggling restaurant industry afloat? my one-on-one with donald trump campaign advisor george papadopoulus fresh off his presidential pardon. we'll look at big moment this is week