the dow dipped into negative territory but popped back up. any game is an all time record. [closing bell rings ♪. we have a record for the dow and s&p. connell. connell: we have all-time highs either way on wall street. investors are clinging to stimulus hopes it seems. stocks were climbing even though number of people on unemployment is elevated. if anything that number cases the case for more relief for american workers, more stimulus. now at the close the dow gives up its gains and closes down by about 12 points as it settles in here. the s&p 500 and the nasdaq are both higher. any gains at all today for any of those major averages would be another record high. we have second day in a row for records both s&p up a point.

nasdaq up 73 points. those are strong gains for the tech related stocks which we'll talk about here as we move forward. good to be back with you in new york after a couple days in washington. welcome to "after the bell." time for the news, happening at this hour. for example business team coverage, edward lawrence is in washington. president biden has been rolling out the plan to tackle the pandemic. jackie deangelis reporting on big corporate earnings in our new york newsroom. ashley webster in florida today with a different angle on the vaccine state of play which we'll get to in a few minutes. edward, start with you. reporter: president joe biden signing 10 more executive orders bringing the two-day total to 27 executive actions. now a big focus today is beating the coronavirus starting with the vaccine. >> we'll move heavy enand earth to get more people vaccinateed for for free and get more places to get vaccinated, mobile more

medical teams to get more shots in peoples arms and more vaccine supply to get it out the door as fast as possible. reporter: the president is asking congress to fund a public health workforce, hiring 100,000 people to facilitate the vaccine. he is using the defense production act to get vaccine makers and medical supply companies to prioritize anything related to virus. there is point person within each state from fema to get what they need. he signed an executive order extending interstate travel on planes, trains, buses. international travelers will have to be tested before arrival and quarantined in the u.s. before moving around. these are just the big ones signed today. president biden talked about unity. this time unite to beat the virus. republicans concerned that the president's call for unity are just empty words, proven bit flury of one-sided executive orders signed yesterday and today.

>> i'm quite sure members of his staff gone through said what we need to do on day one, but it would be better if he actually consulted republicans, sad a serious vigorous conversation, debate about these issues before unleashing these executive orders. reporter: in some of the executives orders people are already required to wear a mask while traveling. anything related to the coronavirus has been prioritized by vaccine makers. the companies making protective equipment also because the contracts that they're getting. money talks. back to you, connell? connell: edward, stay with us i want to you about a different subject. you're quite flexible. something you covered. headlines about the federal reserve. what is going on with the fed? >> they a reapproved 12 federal district heads for another five years. the same people who gave us zero interest rates for years. and same people that authorized

buying mortgage back securities at 120 billion a month will be in the same place next five years. which means likely nothing is going to change on that path. connell: that is the takeaway. new president, new administration, cabinet officials, same old fed. would be probably welcome news to a lot of bullish investors on wall street. edward lawrence, live from washington. back to the vaccine role quote, dr. alexander garza st. louis pandemic task force chief. thanks for coming back on the program. before edward got us sidetracked on the federal reserve and my takeaway, we heard it during the campaign, we know what will happen the biden administration will take a more federal approach to the vaccine rollout where the trump administration was delegating to the states. you're out there in one of the states in the city of st. louis. what is going to change tangibly

do you think how things are rolling out? >> for the short term there is not a lot that is going to change. the manufacturing process for vaccine will take a while to ramp up, to get the defense production act involved all of those things. i think for the short term not much is going to change. over that mid and longer term, if we can get more vaccine coming down to the states and to the locals and if we're able to expand then the amount of people to deliver vaccine, then we can move much faster. don't forget there is also another vaccine that is sitting out there that could be going through that emergency use authorization path. that is the johnson & johnson which is a one-shot vaccine which would really help speed getting everybody vaccinated as well. connell: okay. we've been waiting for that and part of that suggests that time kind of cures all ills to some extent. we work our way through the hiccups at the beginning of the

rollout. more vaccines come online, things get better, we have more time to figure it out. or were there serious problems with the rollout that need to be corrected. that is where we get into some executive orders that might help. what is your local diagnosis of all that? >> i think the challenge has always been the amount of vaccine that was actually getting down to a local level. and that's, you know, dependent upon production, right. what makes that challenging is if you don't have a reliable sort of delivery system, it is difficult for then to us to organize the vaccinations. there were some weeks we got no vaccine, talking about our health care system in particular. there were other leaks where we got some. it makes it difficult to say all right on this week we're going to vaccinate 10,000 people if we don't get vaccines. so that was really one of the biggest challenges of that initial rollout. i do think you're right though, we learn as we go along. i think production will catch up eventually we'll get the full

speed. connell: all right. dr. fauci is more involved. in fact, he is speaking right now in the white house briefing room. he was with the president earlier in the white house at the event. does that matter? there was a lot of back and forth almost internally in the last administration it seemed. they maybe weren't on the same page. do you think now that there will be more coordination and how, maybe we overplayed some of this in the media? i don't know. >> yeah. so, i think there probably will be more coordination. that is just me, reading what comes out in the media, things like that. what is important with people like dr. fauci being out front, people like cdc, scientists out front to instill that confidence in the vaccine and to instill confidence in the apparatus to deliver vaccine. we're still noticing a small but fair noticeable amount of vaccine hesitancy so people that are eligible to get vaccine are not signing up. so i think that helps with the

messaging. so you know, anything that we can do though to become more coordinated across all of the systems, federal, state, local, the better off we're going to be. connell: right. so i guess the final point to bring this all together, we always sort of on this show we at least bring it back to economics to some degree. to me it is the biggest economic story out there right now the timing of the vaccine rollout, how have you adjusted your expectations on timing? where are you now? are you feeling oh by the summer things will feel better? what type of thought process will you have right now? >> that is the big question out there, how fast can we get to move to get the population vaccinated. we have to have ample supply of vaccine and then ability to deliver vaccine to move everybody through the process because the faster you can get to sort of herd immunity as a lot of people call it, that is the faster you can get to opening the economy. and so that should really be the

end goal is how fast can we get the majority of people vaccinated because then that opens up everything. connell: okay. want to make one note, i mentioned that dr. fauci is in the white house briefing room and speaking right now. blake burman has a seat in the briefing room today with the way the seating goes there with the covid. he is in the briefing. so we'll bring you headlines in a few minutes of what he is actually saying. dr. garza, we appreciate you coming on, as we stay on top of the story. >> sure. connell: there is a "fox business alert" right now on corporate earnings. something strange happened with intel here in the last few minutes, jackie deangelis happened in the newsroom. stock market was closing. i saw headlines, intel's report was out "after the bell." headlines before "after the bell." almost like got released early. reporter: looks like they jumped the gun a little bit. numbers look good, connell. stock is trading down in of

after-hours. earnings per shea $1.52. that was also better than expected. 1.10 was the estimate there. intel issued guidance and that is what investors tend to look at. i'm wonder if there is not a issue there. revenue for the first quarter, 16.06 billion and earnings per share 93 cents first quarter tends to be a little bit slower. we're seeing a slow down because of pandemic, that could have something to do with it. one positive note, they did raise their cash dividend. they increased 5% to $1.39 per share annually. there will be a conference call. that is where you get most of the color. investors want to know about intel's manufacturing strategy. there is speculation they may be outsourcing a little bit more. that could be impacting what you could see in the after-hours action, connell. connell: the other thing, jackie, i mentioned that came out early is that the stock in regular trading was up 6 1/2%

and a bunch of that came right at the end. the reaction oddly for the after the bell earnings may have come after the bell. i don't know if the after-hours trade something a little deceiving. reporter: sometimes that happens. i also i think if they have a feeling if the street has wind what is coming or there is an issue they put it out quickly as they can. that could be the case here. connell: all right. thank you, jackie deangelis on earnings beat today in the newsroom. it was one year ago today that the country's first coronavirus case was announced. that as you remember was in washington state. now the u.s. recording more than 4300 covid related daily deaths. that is the third time deaths have exceeded 4,000. all of that happened in january. second highest daily total of the entire pandemic just reported. hospitalizations have actually been holding steady since the 12th of january, though over all numbers are nearly double

they were during the summer surge. dr. fauci mentioned in the briefing room at this hour in the white house, when you look at recent seven day averages, it looks like covid might be plateauing. that is what he just said, might be plateauing, words just in from dr. fauci. all this comes as many states are facing vaccine shortages. there is at least one governor taking action against what they call vaccine tourism. ashley webster picks up on that part of the story reporting from the state of florida today. ashley? ashley: hi there, connell. i'm at the volusia county fairgrounds. they have been operating a vaccination clinic. they're just wrapping up. they are putting stuff back today but will be up for another seven hours tomorrow. earlier this month, governor ron desan taste said hey, we'll start inoculating people 65 and older which was ahead of the cdc recommendations. that led to a rush for people not only living in florida, but for people living out-of-state.

for some people i have living out of the country. reports people coming from canada and as far as away from argentina to come to florida to get the vaccination. earlier down the coast in jupiter, florida, uh-uh, that will not happen anymore. take a listen. >> this is for florida residents. we understand a place like north palm beach county, you have people that live here six months. that's fine. they use the hospitals here. they pay taxes. but to just kind of come in from another country or whatever, you know, we don't support that. we're not going to allow that. we're not doing that. we're not doing vaccine tourism. ashley: there you have it. and now there are new rules in place. firstly, you have to be a full-time or part-time resident. you have to prove that. you have to have florida i.d., bring along something like a utility bill. and certainly no foreign or out-of-state applicants. we've been watching literally well over 1000 cars roll through these clinics set up in six

different tents here. they have been going all day, very efficiently i should say. i spoke to one laidly mary partridge. you just had your shop, what do you think of people coming out-of-state to get their vaccinations. here is what she said. >> i don't think it's fair. i mean we've lived here all of our lives and this, we only get so many. so we should be entitled to the ones that we get. ashley: that is pretty much the universal opinion here, connell. it is interesting, the state of florida has now completed well over a million doses. that's one of only three states in the country to do that. and of those one million plus, 700,000 or more have been for people 65 years and older. that is something no other state has accomplished. so there is a reason people were coming here because the process is really getting underway now. we're just watching it today. the way this was operated, i'm not surprised. but if you come from out-of-state or another country, florida says, sorry, floridians

first. connell. connell: floridians first. i can see why they would think that. if you live in florida, ashley thank you, sir. good to see you, my friend. ashley webster for us today. we'll have a move coming up that could put thousands of jobs in jeopardy. a member of the chamber of commerce's global energy institute will be sounding off president biden's move to revoke the permit for the keystone oil pipeline. that's later in the show. plus biden's economic to-do list. we'll talk to steve moore in a few minutes what to expect from the new agenda that is rolling out. then slammed for bailing out blue states. grady trimble you have that story right for us today? reporter: biden's proposal is $350 billion for state and local governments. many republicans calling that a blue state bailout, as you said. so should the taxpayers foot that bill and will it actually pass? we're looking into that coming up. ♪ ♪

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$2.07 adjusted. that was better than expected. revenue was light, connell, 27.3 billion. that i suspect is having an impact on the stock after-hours. because that earnings really reflects two billion dollars in restructuring costs. we can always work with that. people want to see sales being strong. they have more confidence in the numbers, meantime the cloud revenue was on the strongside and that is something that people look at, they compare it to microsoft, they compare it to amazon. $7.5 billion was higher than the $7.37 billion estimate. final point here i'm seeing from the headlines, no full-year earnings or revenue guidance. just that the revenues should see positive growth year-over-year. so the stock is trading down more than 4% right now. connell: it is down. thank you, jackie. jackie deangelis in the newsroom on ibm. president joe biden outlining the plan for next coronavirus stimulus bill. in doing so, he talked a lot about giving a lot of money out. some republicans have been

slamming it, especially funding allotted for state and local governments. they claim blue states mismanaged their finances. they shouldn't be bailed out. grady trimble live from chicago with more on this. reporter: connell, it is a nearly two trillion dollar proposal and good chunk of that would go to state and local governments, about $350 billion worth. that money didn't pass in previous stimulus bills. that is because it is controversial. republicans are already pushing back on that key element of that proposal. they say that blue states like illinois, chicago, new york and california, they have decades of financial mismanagement problems. this is essentially a blue state bailout. they also say that those blue states have some of the most restrictive covid-19 measures and that further added to air budget woes. here is senator rick scott. >> we cannot bail out the states

for their prior problems. we should help on covid relief. i want targeted help for people but the to bail out the blew blue states make no sense. reporter: according to economists at moody analytics it would boost real gd in 2021 to about 8% t would help the economy add around seven 1/2 million jobs. but they are realistic about chances of passing. right now that seems unlikely. they say something that could pass once it goes through congress, connell would be half of what president biden is proposing. that would still be around one trillion dollars. they might have to remove some of the key elements of it like that money for state and local governments. connell. connell: amazing half of anything could be one trillion. that is still a decent amount of dough, thank you, grady trimble out of chicago. bring all of this to steve moore, freedomworks economist. steve, a lot to talk to here.

start here where grady was on so-called blue state bailout part of this relief bill. what do you say? >> i wish you wouldn't call it so-called blue state bailout because it's a blue state bailout. i think your reporter did a great job summarizing this bill. it is really helping states like connecticut, new jersey, new york, california, michigan and illinois, by the way, what do all those states have in common. they have democratic governors who locked down their economy. i was just in that last week. florida is open for business. you wouldn't even know that there was covid crisis except for the fact that people are wearing masks. you know businesses are open. restaurants are open. then you go to california and it's ghost towns. one option really is of fiscal prudence but also fairness. why should people in florida and texas and tennessee and utah that are open, have had good fiscal management why should they have to pay for the

mistakes and decisions that were made in those other states. the answer is they shouldn't. new york has the right to shut down their economy if they want to. california does. that should be paid for by those taxpayers, not by federal taxpayers. if you give them more money you're enabling states like california and new york to stay closed when they have to get open. connell: maybe that doesn't end up being part of the final bill. that was the point grady made at the end of his report. biden, president biden might end up about half of what he wants f that is the case, steve, looking at it from a practical standpoint, what do you think should be in it? i say at the top, you and i talked about this for months, you're not a big fan of additional stimulus, from the point of just being realistic about it, if they're going to pass something, what do you think should be in it? i will go back to the conversation at the top of the hour on the vaccine. we've had some guests come on saying that is the real stimulus. we get the vaccine out. dr. fauci in the briefing room,

we're paraphrasing we can basically get back to normal by the fall if we get 75 to 80% of country vaccinated. that is a stimulus. we should be helping with that, helping with money towards that? >> absolutely. that is the priority. that is the only thing i would spend money on. incidentally we don't need a big massive government program to do that, connell. if we allow the private sector, the private hospitals, the private pharmaceutical companies -- [inaudible]. who distribute this with private companies like amazon and fedex, i think it will happen much faster. let's not forget "operation warp speed," one ever the most effective government programs in my lifetime was done not through a government program but by getting government out of the way. so, but look, i do think that the ultimate stimulus, you have got it 100% right, connell. ultimate stimulus for the economy getting that vaccine out there. what fauci just said, we don't

have to wait until the fall. come on. we should spring to have pretty much on course to get back to normal. the latest forecast from, so many of the wall street economists, eastern the fed for six to 8% growth in the year 2021 that we're in right now. those are strong numbers. so my advice to joe biden was we don't need another, i laughed when you said half of what they're asking is still a trillion dollars. that used to be real money in washington. i do think we need to concentrate on the vaccine f we're going to hand out money, give it to people, not politicians. don't give it to mayors and governors. give it directly to people. connell: direct checks, 1400, you're for that or you can see that? >> i mean i am not for it. i'm just saying that is probably the most efficient way. you know what i'm for, connell. something republicans never

should have given up on, and bring it up again, something donald trump really pushed was the payroll tax cut. why not suspend payroll taxes by end of the year for every business and every worker in america. can you imagine the stimulus that would be to employment around to getting people you know, into the workforce? it would be enormous. the biggest stimulus in the history of the united states. it would be cheaper to do that than all this $1.9 trillion of spending. connell: right. or just a trillion as we said. which is always interesting. thank you, steve. good to see you. steve moore with us today on all of that. including some of the news just breaking. now the nba is tightening its covid protocols. this comes after contact tracing issue led to a 16th game being postponed. security officials will be stationed on the court before and after games to discourage violations would include handshakes and hugs between players. we'll be right back

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♪ connell: today the first full day of life as private citizen once again for donald trump. the former president in florida where local republican leaders, certainly many of his supporters hope he finds a way to stay in the public eye. fox's phil keating in palm beach with more for us. phil of. reporter: connell, not just here but also nationwide but gone are the secret service details that were quite extensive as well as those 30 vehicle motorcades that used to jam traffic between the golf course and mar-a-lago because donald trump is now a former president. he woke up this morning on palm beach at his mar-a-lago property. that is a nice place to be which for four years of course had been known as the winter white house. one of the last public views palm beach county citizens had of donald trump while he was

still president was through the windows of the motorcade as he drop very slowly down the road so that the hundreds of supporters could wave and cheer for him unwith last time. plenty of people do not want this to be the last time. we spoke with sid diner stein who chaired the palm beach republican party for a decade. >> he wanted women to have jobs. more women have jobs than ever before. he want e wanted more black too have jobs. he wanted more hispanics job. he didn't want to do it that way. you are black or hispanic or women. no, we're doing real capitalism not corporate nonsense where everybody gets together and makes a deal. reporter: as trump left washington yesterday morning he told supporters gathered we'll be seeing you again soon. not clear yet exactly what that means. connell? connell: it is not. sid, quite animated down there.

thank you, sir, phil keating down in palm beach. we'll get back now to the push to vaccinate millions of people across the country which we've been talking about. certainly in many places it hit speed bumps and forcing one city to temporarily close vaccine sites, the one thing they're trying to fix. one of president biden's first actions now threatening thousand of american jobs. details this hour. the fourth largest powerball jackpot has a winner. the winner sold in maryland worth 748 million. the cash option is 546 million. the megamillions jackpot is still up for grabs and it stands at an estimated, get this, 970 million. it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off.

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♪. connell: "after the bell" headlines, a u.s. district court in seattle striking down parler's injunction request against amazon saying the social networks failed to demonstrate the merits of its claims. the ruling means that amazon can keep the social media site a favorite of conservatives off-line. some things staying the same. president biden is keeping fbi

director christopher wray. pete buttigieg testifying on capitol hill today as president biden's nominee to be secretary of transportation. the former mayor of south bend pledging to carry out an ambitious plan to rebuild the nation's infrastructure. he called it a quote, generational opportunity. now if he is confirmed buttigieg will be the first openly lgbtq cabinet secretary. we've been watching an historic stock market rally here between election day on the 3rd of november and yesterday's inauguration day. stocks posted biggest rally in history if you look at the s&p 500. but as president biden sign as slew of executive orders here the last couple days, what are some early winners and losers in the market under a new administration? here is deion rabuin from axios. you started to break this down

about winners and losers. >> traders trade and that is what they were doing yesterday. you had your winners. you had the usual suspects, clean energy. you know, you had, what were some surprising winners actually gambling, the sin etf has had a really nice couple days boosted by beer stocks. corn telllation brands having a good day -- constellation brands having a good day. focus of administration elsewhere i think was helping those. big tech, some of the things the biden administration proposed to do under immigration made a lot of tech leaders. immigration is good for the economy. a good economy con helps big tech. they have been winning over last two decades the losers are private prisons, gun stocks. just really getting killed. sorry, go ahead, connell.

connell: sorry i didn't mean to jump on you, i was thinking about big tech as kind of the big conversation we have to keep happening as administration takes office for all different kinds of reasons. you bring up immigration. a lot of ceos like the approach there, give more access to talent they will tell you. what will happen here, a question we're asking for months, but certainly a bigger question now since the 6th of january what will happen to these companies? are we going into a heavy environment in terms of regulation? will there be a move to break some of them up? there is sort of an open question whether that leadership position for big tech will stay in place. what are you hearing? >> look, i don't think there is a lot of fear from the big tech companies or folks in silicon valley, that regulation is going to hamper their profits. you know the trump administration tried very hard to tap into some of these, a lot of antitrust suits were filed by individual stakes, by individual states, excuse me and the stock prices kept moving up.

revenues, profits, just kept moving up. it doesn't seem like government interference is anything right now. what we've heard proposed is anything big tech needs to be afraid of. folks are just buying in. hey, the winning is going to continue now. where regulation could have a big impact, what you're seeing it in the market is bank stocks. the banks have a lot to fear and what we saw from president biden on his first day was freezing the occ's fair access rule which says that banks have to give credit or have to allow to get loans for some of these companies like gun stocks or, sorry, like gun companies, oil companies, things like that. that is it one side freezing that rule, but also, president biden has put in place some very tough regulators. you're talking about gary gensler at the sec, rohit chopra at cfpb, reportedly michael barr as comptroller. they are known as harsh style

being stuff tough on the banks. president biden has seats to fill on the fed, vice-chair of supervision, rand quarles who couldn't be more in bed with big banks and sympathetic to their cause. jay powell, sympathetic to the big banks. two people that president biden could put in place could be very anti-that. that is potentially neel kashkari and leal brainard. connell: people might not know the names but will know policies on some of those folks in the next few months. we'll wrap it up, two sides as well dion with the bank stocks. you know what cures all ills for the industries but especially banking, janet yellen talked about this yesterday, is growth. if we do get economic growth you could still do pretty well even if the regulations tighten up little built, do you think? >> oh, yeah. look, there is, i don't know what could stop banks from

making record profits. try to keep jamie dimon from record profits in a quarter you will lose an arm. that doesn't mean their stock prices will continue to go up and that is what wall street is looking at right now. big banks, kbe, banking etf has been down significantly over the past week t took a real nosedive when joe biden was sworn in. connell: good stuff as always, dion rab boone from axe sy owes. taking extra precaution. the faa giving a go ahead for airports to give covid-19 screenings for passengers and personnel. one iowa airport one of first to conduct such screenings. it the new protocol will begin at the eastern iowa airport january 25th. what they're calling the travel etwell program. stick around. i say, it's me, th, i'm calling. pain says you can't. advil says you can.

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infrastructure project in history is already under construction and cleared countyless legal and environmental hurdles this is politically motivated decision that is not grounded in science t will harm consumers and put thousands of americans in the building trades out of work. christopher goods, the senior vice president at chamber of commerce global energy institute. just to add to the statement, i already seen a report a canadian base company tc energy cutting 1000 jobs in the united states and canada as a result of the move from biden. you can see why canadian prime minister justin trudeau has a similar position to you guys in the chamber. can you talk more about your opposition? >> it is just a bad decision at the worst possible time. as you, as you pointed out it's a political decision and normally political decisions that are not based in science, don't look at jobs, don't look at the economy tend to be bad decisions. connell: so when this issue comes up and it has been coming

up now, i looked it up earlier, how long have we been talking about keystone? it is 12 plus years we've been going back and forth on the keystone pipeline in one shape or form. that would be on the biden administration side or then on the obama administration side say, this is a climate issue. do you see any merit to that? is there a legitimate issue here? because anything that comes up with climate in this administration is going to get a lot of attention, we know that, from john kerry being involved. we know that is going to be a point of focus. is there any legitimacy to the claims on climate? >> well, connell, i'm glad you asked about that because it was the same obama administration that ultimately did not approve this project on three separate occasions did an environmental review found there would be no environmental impact and that gave it the sort of good housekeeping stamp of apositively. that was also undersecretary kerry as well as secretary clinton. it was also the obama

administration's department of energy that found that by building this pipeline you would actually lower greenhouse gas emissions because it would be going through a pipeline instead of other means that emit more. so this is clearly not about greenhouse gases or climate. it is not about science. it's solely a political decision to appease some extremists and ultimately you have, as you pointed out, thousands of highly-paid, skilled labor families now who don't have paychecks at a time when the economy can't afford to add more people to the unemployment roles. connell: right. you know, what's interesting about this ironic, may not be the right word, maybe it is to some degree there will be, you guys mentioned this in your statement, a huge push in the biden administration on projects. mr. buttigieg talked about that for his hearing on transportation secretary, we'll ask questions about that, it will depend on what type of

infrastructure, right? your specialty is energy i'm sure you guys at chamber would support some of those projects but looks like they will pick and choose which ones they to after, right? >> well infrastructure is critically important to the chamber and it is critical important to the entire u.s. economy especially at at a time we need a shot in the arm, pardon the pun, to get going again. the real question, what company, what individual will invest their capital when you have an administration that can pull a valid permit for political reasons? it just causes so much uncertainty. it doesn't have to be a pipeline. it could be a road. this could be a bridge. this could be you know, 5g infrastructure. there is many different places where this really put as whole lot of unnecessary uncertainty which really as we've seen before freezes capital. that is not what we need when we want the economy growing again. connell: yep. whatever you think the of issue

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connell: here's a fox business ea i letter. we were just talking on this show about the keystone pipeline, and while we were having that conversation with christopher from the u.s. chamber of commerce, our fox business colleague, blake burman, was in the white house briefing room, and he was asking jen psaki, the press secretary, a question about keystone. jackie deangelis rejoins me now. we're just taking a second to get that cued up, and we're going to play that exchange, hopefully, before the top of the hour between blake and jen psaki, but this is an issue that has come up in the first couple of days of this biden administration. in the business community, questions about whether this is the start of something worrisome, the canceling once again of keystone. >> well, it really could be, and i was listening to your conversation before.

to add on to that, obviously, there's an issue about jobs and growth and what's going to happen if we try to transition to alternative energy, if we try to do it too quickly. issuing this executive order to also reverse the keystone pipeline, it's a matter of national security as well, connell. not only have we unlocked the resources in this country to pull extra oil out of the ground and now we're the world's number one oil producer, but you need pipelines, and you need infrastructure to be able to move that oil around. if you can't move it around, it doesn't even matter that those resources have been unlocked. so, unfortunately, what i see is this puts us back in a position, if he continues down this path of once genre accelerating, being dependent on foreign oil, being at the mercy of the middle eastern people who control the oil resources, not just saudi arabia, but also iran, for example. connell: i believe she said something to the effect that they're committed to clean energy jobs, and that's going to be a priority in this

administration. you spend a lot of time, you know, in your career covering oil directly. i think that point you bring up is a big one. i've heard it from people in the business a lot. actually, we do have that exchange. this'll probably take us to close to the top of the hour, but i want to get it in. here's how the exchange went moments ago. >> reporter: what would you say to those who have lost their job or will lose their job as a result of that decision? what's the message from the president and the white house in. >> the message of the president and the white house would be that he is committed, his record will show, shows the american people that he is committed to clean energy jobs, to jobs that are not only good, high-paying jobs, union jobs, but ones that are also good for our environment. he thinks it's possible to do both. connell: all right. so that's the exchange. i'm not going to put you on the spot, jackie, because we've only got a few seconds, but starting a conversation that we'll have to continue here because we know, as i mentioned a moment

ago, of at least one company who's already cutting jobs as a direct result of this executive action. anyway, thanks for joining us. thank you, jackie. here in new york today, i'm connell mcshane as we report the news to you "after the bell." we'll see you back here at the same time tomorrow. have a great day. ♪ lou: good evening, everybody. not even a full day into his presidency, president joe biden facing the wrath of antifa and black lives matter. only hours after he had taken the oath of office, extremists in portland and seattle were attacking police officers, vandalizing businesses, damaging government buildings. the portland leftists carrying a sign, "we don't want biden, we want revenge," and on they rioted. yet the radical dems and the national left-wing media remain silent,