tv After the Bell FOX Business January 20, 2021 4:00pm-5:00pm EST
4:00 pm
survives. queue the fireworks, folks. dow, s&p, russell, all closing at record highs. [closing bell rings] yes the nasdaq too. connell: connell mcshane will pick it up after me live in washington, d.c. where president joe biden is expected to pick up his pen to sign the first executive orders of his presidency. that will do it for "the claman countdown." connell: it has been a day truly for the history books both here in our nation's capital and 4:00 on the east coast stocks at the close hitting new highs as joe biden is sworn in as the 46th president of the united states. the new president, you watch i had live on fox business, walked into his new house, for the first time as president. he will go quickly and take the first executive actions we're told in about an hour's time. we're watching that. we're watching wall street numbers at the close. those are record finishes for the dow, the s&p 500. also for the nasdaq up on some
4:01 pm
strong corporate results. also up once again on the hope of more stimulus with this new administration. now this is the best inauguration day performance for the dow jones industrial average and for the s&p 500 since back in 1985 when ronald reagan was sworn in for term number two. it is also the best inauguration performance ever for the nasdaq composite index. the strength in technology stocks continue on biden day one, up almost 2%. great to be with you once again. i'm connell mcshane reporting live from washington. welcome to "after the bell." obviously a lot is going on. let's get to it. here is the news happening at this hour. fox business team coverage today. blake burman right behind me at the white house as the new guy just walked in. hillary vaughn, she witnessed it all on west front of the capitol. edward lawrence on capitol hill for us. hillary, we start with you. reporter: today was nearly half a century in the making,
4:02 pm
considering biden's political career for now president joe biden. the scene today here on the west front of the capitol as biden was sworn in as 46th president of the united states was a symbol what the state of america is in. the metal barricades and national guard troops standing as a protective barrier between biden and the outside world, showcase as country currently deeply divided by political differences. the national mall, normally packed with over a million supporters and americans, sitting empty today, resembles the country currently shuttered in from covid. >> we must end this uncivil war that pits red against blue, rural versus urban, conservative versus liberal. we can do this if we open our souls instead of hardening our hearts, if we show a little tolerance and humility. reporter: biden's plea for unity
4:03 pm
was showcased today this morning as he invited republican leaders in congress, mitch mcconnell and kevin mccarthy to church today, two people he needs to help him get things done if he wants to work with congress. >> i listened to your speech today. you talked among the tension and division. our task as leaders is to bind this nation's wounds, dedicate ourselves to the values of all-americans share together. >> this is not the end but just the beginning. as leaders we are judged not by our words but by our actions. reporter: after meeting with congressional leaders here, biden made his way to arlington national cemetery where he laid a wreath at the tomb of the unknown soldier. the moment is particularly personal for him as his son was deployed to iraq with the national guard. biden said in his remarks yesterday leaving delaware he thought all along his son beau at that was being sworn in today.
4:04 pm
moments ago president biden took a walk down pennsylvania avenue, this time as president to the white house. there is, connell a letter waiting for him. we have learned, sitting in the resolute desk in the oval office, a letter to him from his predecessor, now former president donald trump. connell? connell: yes. the former president did indeed leave that letter which some wondered if he would. hillary thanks, hillary vaughn on capitol hill. live pictures now from pennsylvania avenue as new vice president kamala harris following in the president's footsteps. blake burman on the north lawn had a pretty good view moments ago as mr. biden entered the house for the first time. right? reporter: vice president kamala harris is walking on white house grounds for the first time as vice president. picking up where hillary left off, former vice president mike pence wrote a note to current vice president kamala harris. the former vice president head of the coronavirus task force
4:05 pm
left a report for now president biden. in any event the presidential festivities still on going in washington, d.c. the presidential actions are about to pick up here in about an hour's time as the biden administration says there will be more than a dozen executive orders by president biden out of the gate. that will include having the u.s. rejoin the paris climate accord, restoring cooperation with the world health organization. the president will cancel the key tone xl pipeline permit and put a halt to the construction of the border wall along the southern border. the president will make it mandatory to wear a mask while on federal property. while he didn't get into any policy specifics in his inaugural address, the president made this me to those that might not necessarily agree with him. listen. >> take a measure of me and my heart. if you still disagree, so be it. that's democracy. that's america. the right to dissent peaceably
4:06 pm
are the guardrails of our republic is perhaps this nation's greatest strength. yet hear me clearly, disagreement must not lead to disunion. i pledge this to you, i will be a president for all-americans. reporter: there will be executive actions as well on the economic front as the president will ask federal agencies to extend the eviction moratorium and the foreclosure moratorium on loans backed by the federal government to march 31st. plus president biden will ask the education department to extend the pause on student loan payments to september 30th. on a conference call last night we heard from the president's top economic advisor brian deece. he told us the following, quote, these steps are immediately helpful and will help millions of families which is why we'll act without delay. look at vice president kamala harris. vice president will step foot on white house grounds here and administration will be in full
4:07 pm
swing in about an hour's time with those eos. connell? connell: stay with me blake, for a moment as we narrate these picturess historic in their own right, kamala harris was sworn in earlier today as the first female vice president in our nation's history, making a left turn now to the northwest gate of the white house. blake, you have a better view of this than i. this is right over my should. she is is coming right in your direction? are. reporter: for the audience at home you see the green tents, i'm standing here for fox business, happens to be the one of closest ones to the we wing. we don't complain of that. eob, eisenhower executive office building to the right has vice president's formal office. the vice president has an office they work at in the west wing. what she is walking down the vice president is, right now, normally filled with cars, security. you know big, big suvs that drop dignitaries and most powerful people in washington
4:08 pm
off. it is normally an area, con tell that staff works in the eeob walks back and forth to the white house into the west wing whenever there is meetings and the like. kamala harris, right now the vice president, walking down the driveway there, eeob to her right, west wing to her left. the husband holding her hand, the second gentleman. if she wants to pivot to the ceremonial office in the eeob or walk right into the west wing of the white house. i don't know if you're picking this up my mic i'm watching this behind my camera. there she is 30 feet behind my camera. the vice president walking in. i'm sure you have a pretty good view of it, connell. you're about 300 yards away from me sitting up there. connell: we're looking over the shoulder. brought binoculars for a view. let's listen in for a moment or
4:09 pm
pause, see if the vice president says anything. doesn't look like she will. that is the eisenhower executive office building that blake is referring to in our shot. that is very good look at it right now as the camera pans off. we're back off to vice president harris and mr. emhoff. one of the treats i suppose being vice president, i always thought you get a number of offices. you have one in the west wing traditionally. the office in the eisenhower building of the vice president. then in your duties as president of the senate, you get a pretty nice office up on capitol hill as well. there is vice president harris saluting the troops, right, blake? do we know which way she will go? reporter: looks like a right into the eeob as she walks up. you will see some pretty big steps or she could walk flat into the basement level. we'll see here. looks like she will head up to the steps the eeob. the vice president's office is on the second floor there, overlooks the wets wing into the
4:10 pm
residence of the white house. the ceremonial office, there we go. the ceremonial office is in the eeob. she could make the first stop there. those are the main doors if you walk into to walk out head into the white house. there you go, white house, the new vice president, the second gentleman, first time kamala harris has been in that office building before as united states senator, will walk in as vice president of the united states. connell: a building where so many of the white house staffers work, the west wing of the white house, very, very small but the eisenhower executive office building is not. if you're on the white house staff in many cases that means you work in that building and the vice president just entered it. back to you in a moment. charlie hurt, "washington times," fox contributor watching right now. in our perch overlooking the white house, we saw vice president mike pence walking out on the balcony, greeting some staffers, saying
4:11 pm
good-bye. we could see him from where we are. the new vice president goes in. obviously charlie, many ways we can go, we will in a minute talk about the new executive actions the president is supposed to take this evening, but any broad thoughts what we're watching today first? >> well it is always a thrilling, it is always a thrilling ceremony name time we have that peaceful transfer of power and this one is no different. it's, it is what, it is what reminds us every four years that we have elections. elections matter and that, the most important thing is that the people who are in charge are the voters and the voters get their say every four years and it's, it's, there's a reason that we are the freest country on the planet and it is because of that. connell: now we've seen presidents in the past, even president trump four years ago get to work very quickly.
4:12 pm
he signed a number of executive orders in his first few days. >> yes. connell: nothing like we'll see tonight with 17 total executive orders and actions from this president today. many of those will reverse trump policies. so kind of your thoughts on policy perspective as we get things started here? how consequential some of those actions are obviously without the congress being involved? >> well of course the big thing is that it is a good reminder of how tenuous anything is that is done by executive order because of course it can just be undone by executive order. it is always smarter if you're a president and you want to have a lasting legacy, the smartest way of doing that is to make sure that you go through congress and you get something written into law and you get, of course, if you can do that with bipartisan support and you get it through by comfortable margins you're all the better off. of course so for as long as
4:13 pm
presidents fail to do that you are going to wind up with these never-ending battles with executive orders and it is probably not the smartest, best way to run a government but it is kind of where we are right now and, and, i do believe that, especially when you consider the agenda that president trump carried forth and brought to washington, that both parties had largely ignored. when you take away all the rancor and the partisanship that we've sort of endured the past four years much of that agenda is very popular, broadly popular agenda you would find a lot of democrats supported. if it weren't for all that rancor and partisanship you would have had been able to get through congress a lot of issues, whether immigration, wars, trade, things like that, those would be broadly popular issues and joe biden gave a speech today where he talked
4:14 pm
about unity. it will be really interesting and the first glimpse we'll get of it, exactly the executive order we're talking about whether or not he plans to govern that way. connell: let's talk a little bit about the economy as it works not only those executive orders but the first actions the president will try to take with the congress. we closed out the stock market at the top of this broadcast at record highs. we're 31,200 on the dow. former president trump used to point to that all the time as a america sure of success of his policies. you know, had a great run, the market did. so did the economy certainly precovid with low unemployment and taxes were cut and regulations came down as well. >> yes. connell: what are either, a, your hopes or b, probably more likely your concerns as the new administration comes in? not like the market is showing any signs of worry. it is still going up but do you have any things you should be worried about? >> well the most important thing is my hopes are that president
4:15 pm
biden is a tremendous success. he puts in place great plans that make the economy boom, that maybe everybody, that increases employment and everybody's wages goes up. that is what i want. now you're right, i have a lot of worries about that. i'm afraid a lot of things will get undone. this stuff about the keystone pipeline withdrawing permits so that cannot proceed is one of those things. it is not a huge thing. it is not the whole economy. it is not everybody's job but it suggests there might be this tenor in the administration of wanting to go back to the red tape and you know, obviously president trump loved to point to the stock market but i think probably the -- you know this far better than i do but i think the biggest motivator for the economy probably has been clearing out all of the regulatory red tape that destroys an economy or at least
4:16 pm
throttles it so if that is how joe biden wants to go back, go back to the swampy putting regulations on everything, i think it will be really tough. i pray that is not what he does. i want him to be success. i want the economy to succeed because that is good for everybody but i did have my worries. connell: i think you're right about regulation. we heard that not only from big business ceos and leaders but from small and medium sized business owners when we traveled around the country the last year or two. that helped them a lot. we'll see what future holds. today is quite a day. go ahead, charlie. >> the business about the minimum wage, you know, all that sounds great, a 15-dollar federal minimum wage, that all sound the great but talk to a business owner who struggled through the pandemic, they don't know how they make payroll and start talking about this. the only people that benefit from the stuff are politicians talk about it, maybe pass this stuff but it is going to
4:17 pm
literally destroy businesses. even worse, it will destroy people's jobs. people will lose their job if they do something like this. and it is, seems like a lot of politicians in washington don't really seem to care about that. connell: that is a larger discussion we have all the time about incentives, whether people, at what point will they not hire because it is cost prohibitive. charlie, thank you, we'll continue these talks. we have number of years. charlie hurt from "the washington times" on a historic day in washington. we'll keep our coverage going in a moment and focus on the business response. the market closed up higher, the dow up by 257 points today. it had a great run even since president biden was elected. herbert hoover had the best run until his first day in office, s&p was up 13%. biden not far behind. of course the 29 crash came in the hoover administration. we hope for no repeats.
4:19 pm
metastatic breast cancer is relentless, but i'm relentless every day. and having more days is possible with verzenio, proven to help you live significantly longer when taken with fulvestrant. verzenio + fulvestrant is for women with hr+, her2- metastatic breast cancer that has progressed after hormone therapy. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor, start an anti-diarrheal, and drink fluids. before taking verzenio, tell your doctor about any fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. life-threatening lung inflammation can occur. tell your doctor about any new or worsening trouble breathing, cough, or chest pain. serious liver problems can happen. symptoms include fatigue, appetite loss, stomach pain, and bleeding or bruising. blood clots that can lead to death have occurred. tell your doctor if you have pain or swelling in your arms or legs, shortness of breath, chest pain and rapid breathing or heart rate, or if you are pregnant or nursing. every day matters. and i want more of them.
4:20 pm
4:21 pm
but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. (woman) why can't i lose weight? (man) what is happening to my body? (woman) i don't want to look like this anymore. (announcer) you may be suffering from insulin resistance. measure your waist. females measuring more than 35 inches and men measuring more than 40 inches may have insulin resistance. release effectively combats insulin resistance and will help you lose weight safely and effectively. release: available only at golo.com. ♪. connell: the new president has been inaugurated. we're back live with you from washington. he is in the white house behind us right now. on day one for joe biden the stock market hits record highs.
4:22 pm
edward lawrence picks up our reporting from that joining us live from capitol hill. so far so good for the new president and the market. reporter: connell, seeing those greens, record highs in the market today with the new presidency but as he was talking about unity this afternoon and now this evening he is going to start to impose, reimpose some of the regulations under the obama administration that we saw on companies here. the market will have to price that in. right now what they see is stimulus coming into the market. they heard about all the stimulus that will be pumped through this market. they heard from former fed chairperson janet yellen confirmed or possibly confirmed tomorrow as treasury secretary. her comments the first priority is not tax increases. listen. >> the focus right now is on providing relief and on helping families keep a roof over their head and food on the table and not on raising taxes.
4:23 pm
reporter: so what the market heard was money coming first. then they are going to talk about the taxes. yellen says she will talk with president biden about taxes when he wants to come with the build back better plan. that will possibly be presented in the first couple weeks of february there. so looking at the markets, we'll see about six months of possibly stimulus cash flowing through it. then six months after that maybe the breaks from taxes. we'll have to wait to see, connell. connell: timing, you're exactly right to point that out. it was very important. a lot of investors seemed to pick up on that in yellen's testimony. before you go, interesting story breaking. we'll watch the vaccine rollout, that is very important for the economic recovery. what is going on with amazon here in the last few minutes? >> fox business obtained a letter amazon sent to the biden administration and in that letter amazon offers its facilities as vaccination sites. we know biden wants to do a
4:24 pm
national vaccination plan. the letter also asks for amazon to be able to inoculate their own 800,000 employees, saying they are front line workers who are not staying at home or working from home. so again amazon offering its facilities to the biden administration now for possible national rollout of a national vaccination program. connell: interesting. that offer was not made as far as we know to the trump team? reporter: i spoke with a seen core official for "operation warp speed" or the program soon to be not called "operation warp speed" and that official tells me that amazon did not give the same letter or same offer to them but it would not be common because they were never doing a national vaccination program. the official tells me that amazon could have reached out to individual states. we know in washington they are using some of the amazon facilities. so the governors would have to apositive that but, yeah, the same letter was not sent to the trump administration. connell: okay. all right.
4:25 pm
edward, thank thank you, edward lawrence live on capitol hill. our coverage continues of the biden inauguration in a moment live from washington. we'll be right back actually anyone 50 or over is at increased risk for shingles. the pain, the burning! my husband had to do everything for weeks. and the thing is, there's nothing you can do about it! well, shingles can be prevented. shingles can be whaaat? prevented. you can get vaccinated. frank! they have shingles vaccines! whaaat? that's what i said. we're taking you to the doctor. not going through that again. you can also get it from your pharmacist! 50 years or older get vaccinated for shingles now. your journey requires liberty mutual. 50 years or older they customize your car insurance so you only pay for what you need.
4:26 pm
4:29 pm
♪. connell: we're back here in washington. always helpful on a day like this to get some sort of perspective on the historical events we all watched together. new president in the white house behind me and presidential historian jane hanson cook is kind enough to join our coverage right now. i thought it was almost, i don't know if it sounds funny, surreal to watch things unfold here today. so much different about the city today. the city was on lockdown and everybody up on stage wearing a mask as we work our way through a pandemic that killed 400,000 people but at the same time so much of today felt familiar but what were your observations when you watched it from the capitol?
4:30 pm
>> there was sameness in terms of the ceremony itself. george washington was our percent president to take that oath of office. for me i love the inauguration because second to july 4th every year, it reminds me the peaceful transfer of power. that we don't have government based on a king or royalty but representation. the ceremony itself felt very familiar. the singing, the poetry, the pagentry of it, but it did feel so different with all the security that we've seen and then of course much, much smaller crowd, people wearing masks. it was this kind of strange combination of a lot of similarity but also some things that we're not used to seeing. connell: how important is any statement that's made by holding an inauguration in the way we as americans hold inaugurations? what do you think was said today? some people calling first because of the pandemic and then because of the riots on january 6th for the new
4:31 pm
president to go all virtual and not hold an inauguration and give an inaugural address on the west front of the capitol and walk as he just did in the northwest gate of the white house but all of those things did happen but does that matter historically? >> i think it does. it is this visual, symbolic tans per of power. i heard from someone who is from the uk who was in spain emailed me today, well, you have a new president. it is not just an american audience, it is the world see as transition of power. so i really think that is important. if he had gone all virtual it might have felt the 1800s when a couple of presidents were sworn in inside of the capitol. it wouldn't have felt the same. there were messages of unity. that was the theme of president biden's speech. you know, i think it remains to be seen if we see action behind that as well. connell: well, also we usually,
4:32 pm
correct me if i'm wrong, you would know after studying these things, need a little time to gather ourselves, figure out what the most important elements much a inaugural address are. when john kennedy got up and asked not what your country can do for you, that you can do for your country, that the newspapers didn't so much focus on that line. over time it became such a famous line in american history. it is kind of funny sometimes, takes a while, anything memorable from that speech? what did you take away from the speech? >> what stood out to me was when president biden talked about with his soul, he really was trying to convey how important it was to him that there be unity and i think there is an opportunity for him to take some action. we've seen a lot of censorship from big tech. we've seen parler, monopolistic practice of quelling pardon me letter. if he were to say to the left,
4:33 pm
stop censorship, pull back, have free speech, people have the right to express differences of opinion i think that would go a long way to really showing that he means unity. because he needs to do something meaningful. i think there are a lot of of hurt feelings, a lot of people who are distrusting of president biden. i think he needs to do something more than just talk. he needs to do something. there is an opportunity for him to do -- connell: right. jane, thank you. jane hampton cook with us today. very good prespective. always tough to put things in perspective on the day of inauguration but you did that well. thanks for being with us. >> thank you. connell: live pictures of the senate floor on your screen this hour. vice president harris entered the executive office building behind me, we saw that as part of our broadcast, is supposed to be, the plan was for her to swear in three new senators on
4:34 pm
the senate floor. one end of pennsylvania to the other end we'll watch from that. senator schumer is expected to speak. as our coverage continues in a moment, we've been watching made our way around to many voters and focusing especially on this show on small business owners, leading up to, even after the election. now that a new president has been gnawing it ad and he will put new policies in place that will impact businesses, we're going to bring back some of those small business owners we spoke to from around the country and check in with them, see how they're doing, what they expect going forward. we'll be right back here live from washington.
4:35 pm
4:38 pm
♪. >> i was anticipating business probably slowing down tremendously but by my surprise it's been doing very well. >> we went into 2020 with a very robust business outlook for us. best quarter we ever had starting in 2020. and then the pandemic comes. >> yes. and then the pandemic. we went into april. april was a little weak. and then when may hit it really hit us hard. >> it has been a year unlike any other. nothing that we could have ever expected. just like any other thing you have to be able to adjust to it. find new, inventive ways to keep your business going. connell: i tell you, we spent a
4:39 pm
lot of time on the road in the last year-and-a-half or so, especially in the month leading up to the november election. we met so many small business owners trying to work their way through the pandemic and today with joe biden having been sworn in as the 46th president of the united states, we'll bring back those three people you just her from, see how they're doing now, find out what they expect in the future. so i'm exciting to speak again with tim allen, you saw him from ohio, gltl brewing company, shannon stafford join us from georgia, new hair, shannon, gary steele from the state of michigan. gary was sound bite good read on manufacturing. shannon, let me start offer with you, who knew georgia when we were there in late august knew it would be as important state as it turned out to be. we've been a couple times since then with the senate race, what have you. as we heard a minute ago, you were excited actually surprised how well reopening was going.
4:40 pm
what are you thinking about now? are you still excited? a new president has been sworn in. how do you feel about business? >> well, that is blessed to be able to say that business as -- during these difficult times. since we have talked business has definitely grown a lot. we were able to actually relocate to a better location as well during this. so definitely a blessing to be able to say that because so many individuals have lost their businesses during these times and i can only imagine that it has been very difficult for them. then one of those things being able to take the pieces up, put pieces back together and start over i know can be a hardship but hopefully those who have lost their businesses buy encouraging them and motivation and strength to be able to take back -- and start all over
4:41 pm
again. connell: let's talk a little bit about what small business, medium-sized businesses might want, need or get from this new administration. i suppose, it kind of makes sense to go to you, gary, on this we had a clip describing how you guys worked your way through the pandemic. i recall that you were in favor, correct me if i'm wrong, of many former administration efforts and trump's policies. you liked a lot. we talked for example, i think about writing off purchases of new equipment, things like that. what are you thinking now? because it is still a tough time for many people economically and maybe this pandemic lasts a lot longer than people thought? are you optimistic, are you concerned, what are you thinking about now? >> i think we always have a spirit of optimism, con them. we are still down quite a few employees. we're at least 70 to where we were a year ago. as far as the policies are concerned, we would obviously like to see continuation of the
4:42 pm
favorable tax treatment for any capital investments, particularly for industries like us that is very much invested in new equipment in order to stay current. one thing that we were concerned about, had concerns about was our 70 employees or so that we have on either layoff or furlough that continued support from the federal unemployment is still there and a big concern for our employees and their welfare, and ultimately their reemployment. the other thing that impacts it for us as we see it is the ability to get the economy back open. because we are heavily aerospace. really dependent upon people being comfortable with i intoing intoing -- flying to get the airplanes back. connell: that in some ways, tim, what you're dealing with as
4:43 pm
well. this is my second favoriting backdrop of a show we done on the road. nothing here in washington compared to geneva-on-the-lake, ohio, in the background of your little place there but i will say it relies on tourism, different business, similar sentiment to people getting out ability going again. what are you feeling like, feeling about, when the new administration takes over what it means for business? >> absolutely. the restaurant industry in general is probably one of, if not the biggest that has been hit by this pandemic. and you know, just looking for a sensible, consistent, restrictions that will allow us to reopen the economy. then the other big thing that we really would like to see is some more industry-based funding, specifically for the restaurants. they did on this next round of ppp, did give us the extra month
4:44 pm
of funding but it is just a small bandaid covering a big wound for us. connell: right. that is i believe the restaurants act. talked to so many owners of the particular piece of legislation didn't get passed in the last round of funding. they're hoping for it in the next. would quickly around here, shannon, beginning with you about hiring. what is your outlook? are you still, you have a pretty small shop down there? you have been able to keep everybody on? gary got into this a little bit with his concern, he has pa bigger business, but how are things down there with you in georgia? are you keeping everybody working? >> actually i've been fortunate enough to keep all of my renters. so that is a wonderful thing that we are all still in business, especially -- independent contractors, it is pretty much run their business within my business. so everyone at this point is sustaining their well, so that
4:45 pm
is very fortunate, yes. connell: right. and last point, i think will have to probably go to gary. is, if you had a chance to speak to you know, president biden tonight, would you be telling him something that has to do? or you're more likely to say, hey, something you shouldn't do? which is it? >> well, i think it would be stability, is important. and, i think that would be one of the things that i would try to bring up -- point home. businesses have made decisions on certain policies, certain tax policies, and things of along that line. so that would be my encouragement. at least here is to kind of continue you the course that has been set, you know, so businesses can plan accordingly with that. connell: right. all right, all three of you, gary, shannon, tim, great to meet you and your respective businesses an hometowns in the last year. thanks for coming back today on inauguration day as our coverage does continue from here in
4:46 pm
washington. the white house is right behind me and the new president is in the mansion of the white house. he will be moving over to the west wing shortly from what we understand. he will begin signing executive orders, getting right to work. we'll be back with more coverage right after this understand why.managers don't (money manager) because our way works great for us! (naj) but not for your clients. that's why we're a fiduciary, obligated to put clients first. (money manager) so, what do you provide? cookie cutter portfolios? (naj) nope, we tailor portfolios to our client's needs. (money manager) but you do sell investments that earn you high commissions, right? (naj) we don't have those. (money manager) so what's in it for you? (naj) our fees are structured so we do better when you do better. at fisher investments we're clearly different. i'm susan and i'm 52 and i live in san francisco, california. i have been a sales and sales management professional my whole career. typical day during a work week is i'm working but first always going for a run or going to the gym.
4:47 pm
i love reading. i love cooking healthy. it's super important to me. i was noticing that i was just having some memory loss. it was really bothering me. so i tried prevagen and it started to work for me. i wish i had taken prevagen five or ten years ago. prevagen. healthier brain. better life. your grooming business is booming. you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base. claim your seventy-five-dollar credit when you post your first job at indeed.com/groomer are you frustrated with your weight and health?
4:48 pm
it's time for aerotrainer, a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time, all while maintaining safe, correct form. aerotrainer's unique design allows for over 20 exercises for a total body workout. plus, you can easily transition from one exercise to the next. want tighter abs and a stronger back to help relieve pain? do the aerotrainer super crunch. the pre-stretch works your abs even harder, engaging the entire core. then it's the back extension, super rock, and lower back traction stretch to take the pressure off your spine and stretch muscles. planks are the ultimate total body exercise. start with a wall plank and progress with maximum muscle activation with comfort. work your lower body with the aerosquat or advanced super squat, all while in a safe, ergonomically correct position for maximum results. build your upper body with pushups.
4:49 pm
aerotrainer is perfect for bridges and total glute workout. (host) need to reduce stress? just stretch and breathe. (announcer) plus, it's a great platform to enhance yoga and pilates moves, even increase flexibility and reduce back pain for golfers. the aerotrainer is tested to support over 500 pounds. train hard, because aerotrainer can take it. it inflates and deflates in less than 30 seconds using the electric pump. aerotrainer works for families, beginners, and athletes. use it anywhere. even strengthen your core while watching tv. head to aerotrainer.com now. aerotrainer's unique design allows for over 20 exercises for a total body workout, all while maintaining safe, correct form. now it's your turn to lose weight, look great, and be healthy. get off the floor and get on the aerotrainer. go to aerotrainer.com, that's a-e-r-o-trainer.com.
4:50 pm
connell: couple developments here in washington, one from the floor of the senate literally seconds ago as we were coming back from commercial break. vice president harris conducting swearing-in of three new senators. two senators from georgia we've all become so familiar with after the run off elections there. senators ossoff and warnock. her own replacement, senator padilla of california has been sworn in by vice president harris. she moves quickly from the executive office building behind me on the white house complex where presumably she checked out her new office. she hightailed it back up pennsylvania avenue to the other side of town in the capital serving as her position president of the senate. that is rafael warnock signing in after being sworn in by vice president harris. stepping up to her position as president of the senate. we missed the swearing-in. i don't know if there is anymore
4:51 pm
speaking or audio to dip into. we can listen if she is saying anything. bring up the audio please. doesn't seem like she is saying anything. she is just signing some of the paperwork and what have you. so anyway that was the first of two developments. those three senators have been sworn in. it's a 50-50 senate, because vice president is sitting there as president of the senate, she is the tight breaking vote giving democrats a slim majority, making chuck schumer new york, the nominal majority leader of united states senate. the second development behind me is the president is on the move. now he moved over to the working quarts. from what we understand he is in the oval office. we don't have cameras in there right now, we want to alert that briefly. it is always worth mentioning joe biden spent all all of his adult life here in washington. one funny piece of trivia, jon ossoff, sworn in as newest
4:52 pm
member united states from georgia. he is the youngest person to be elected to the united states senate since a guy joe biden was elected way back when. chuck schumer live on the floor. >> mechanical business. i will give my maiden speech as majority leader of the united states senate. and them we'll -- [applause] then we'll hear from senator mcconnell. there may be a vote this evening unanimous content, the senate proceeded senate resolution six submitted earlier today. >> the clerk will report the resolution. >> understand resolution 6, to elect patrick j. leahy, senator from the state of vermont, to be president pro-tempore to the senate of united states. >> is there objection to the proceeding or measure?
4:53 pm
without objection the senate will be proceed to the measure. >> madam president, i ask the resolution be a grade to, that the motion to reconsider be and laid on the table with no intervening action or debate. >> is there objection? without objection so ordered. connell: one of the things as we watch this unfold on the senate floor that has been interesting about it today, i was talking to president biden moment ago elected to the senate at such a young age. of course vice president harris comes out of the senate, familiar with the business on senate floor. senator leahy walking with senator schumer. schumer as majority leader with the democrats holding slim control. other part, blake burman joins me from the north long from the white house. the president will get to work on executive orders. what can you tell us about what he will sign and when he will sign them? pretty soon, right?
4:54 pm
reporter: pretty soon, exactly. i was told by a white house official, connell, about 10 or 15 minutes or so ago, president biden is in oval office. the marine standing out front which gives us a double sense of confirmation there we do anticipate the executive orders to be signed at about 5:15. that makes it 20 minutes or so there will be some on the economic front. other issues as well, keystone xl pipeline terminating that for example. getting back into the paris climate accord. re-engaging with the world health organization. mask mandate for when you step foot on to any federal building, any federal land really. then items relating to the economic fall out of covid-19 19. president will ask various agencies to extend the eviction moratorium to the end of march. extend the loan moratorium to
4:55 pm
end of march. that student loan payments can be deferred to push that off to september 30th. that is more than 15 executive actions, executive orders president biden will take place on day one. that is day one, hour four or five. there will be much more to come from president biden and his administration on this front in the first seven to 10 ace days or so? connell: it is interesting to kind of gauge how the business community reacts to what the new president is doing. u.s. chamber of commerce which represents so many large business interests in this country, put out i noticed earlier a couple of different press releases. and they, and the one hand were i think the word they used was welcoming of the president taking this measure that you spoke about to rejoin the paris agreement but they also came out against the executive order that has to do with the keystone
4:56 pm
pipeline. it looks like only one gauge. i don't know that the chamber has the authority that it once did in the business community. it gives you an idea that it might not be black and white t might be gray how people interpret some of these actions in the first few days. reporter: certainly there will be support and criticisms on both sides, right? just look even at the paris climate accord. the reason why former president trump got out of that deal was because he felt it was too harmful to business. of course the criticism at that time it was too harmful to the planet to get out of that deal. clearly president biden feels that it is something that needs to get into immediately. it is why he will be signing that executive order here in about 20 minutes or so. we've heard lots of different voices from the business community express support for some of actions he is taking. you mentioned the u.s. chamber of commerce for example. and we're just going to have to
4:57 pm
see all this play out. of course there is large support for a stimulus package, right? those here in town and many of the organizations representing groups all over this country want to see some sort of fiscal ammunition pumped into the economy. of course there is questions about well, what about debts, death sits and like. to -- deficits. at least to start off there has been applause for president biden and initial measures that business groups, the business roundtable, that comes to mind, how they applauded his push for a 15-dollar minimum wage. there will be lots of things, bottom line here, connell, that the president will try to get done in the immediate hours and days connell: and part of that, and again, this plays into the economy as well, in fact, it may be the most important part about getting our economy back on its feet and, you know, being off to the races once again or whatever you want to call it, is
4:58 pm
improving the rollout of the advantage seen around the country. -- vaccine around the country. that's somewhat significant news that edward lawrence brought us earlier this hour even though we don't know the details yet. if it didn't happen, the offer wasn't put forward to the trump administration, but apparently amazon wants to get involved there. anything that can get this vaccine out quicker is obviously going to help with the economy. that will also be a play here. >> reporter: a million doses a day in the arms of the americans is the goal of pridingen in the very first -- priden in the very first 100 days. something like 120 million add mored if you get to that point. when you talk to our experts, connell, as we have, they will tell you that a million doses a day has to happen day after day after day after day. not just the first hundred days, but from now, essentially, until labor day day to build up the
4:59 pm
sort of immunity that we need in this country to fight off covid-19. it is certainly a goal that the president is going to be rolling out here. connell: the most important one. i don't think it's really that close, because it plays into everything we're dealing with, with our own health and the health of our economy. you know what's interesting here, as we wrap up our coverage, and i started to talk about this before we went to the senate, is that president biden's been around in this town forever, but that still must have been quite a moment when he sat down at the oval office and was sitting behind the deskings. all the presidents will tell you that's some moment. >> reporter: look, i've obviously never been a president, but i can tell you as somebody who walks into this gate every single day, you never really lose the luster of walking in here, connell. but there's certain days and certain moments where you're, like, wow, this is the white house, and something really big is happening right before my eyes. connell: yeah. >> reporter: clearly,
5:00 pm
president biden felt that moment. connell: we can all be sip call in this business, but you get to be a witness to history. thank you, my friend. blake burman live on the north lawn of the white house. thanks for joining us, and we'll see you tomorrow. ♪ lou: good evening, everybody. after four years of the greatest single term in american history, president trump today left the white house, and he spoke to the american people one last time as president of the united states. >> what we've done has been amazing by any standard. we rebuilt the united states military -- [cheers and applause] we created a new force called space force. that in itself would be a major achievement for a regular administrationment we were not a regular administration.
84 Views
IN COLLECTIONS
FOX BusinessUploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=390812717)