tv Cavuto Coast to Coast FOX Business January 22, 2021 12:00pm-2:00pm EST
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come on to my show for a few seconds and tell the man, what are you doing? >> i have a ratings quicker by the second. what it enables me to do follow all the people who are quickly turning at the end off. [laughter] that is what that's about if you really want to know. i thought it was a secret but apparently it's not. in all seriousness, a prompter like you, mine is one they can't see so i have all these notes all over the place, i lose my place and refer to it but the ratings is true. that's something you need to know, all right. [laughter] stuart: i think it's time you take your show and run with it. neil: for those of you still with me, welcome. it noon on the east coast on the united states of america.
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still with me, i get a kick out of myself. i figure i'm not going to insert the humor into my own broadcast, who will? you got a power packed two hours for you for those of you lucky enough to stick around. one thing you're looking at, richard, you see his latest rocket technology that takes off from a boeing 737 jet. we've got richard here along with the ceo dan hart on the future may be of travel into space. maybe you could be on the next rocket, a lot of you have already volunteered. we also have a ceo on the membership moves, whatever is hurting parler, a million-dollar listing on luxury home sales that could be coming back. there certainly not coming back in my home state of new jersey. i don't see it like new york and connecticut but he is seeing
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places like florida and new york city so we will show that. how real is activity? first of all, lawrence on a busy day to joe biden, i cannot keep track of executive orders and actions, man zero man. this is one of the busiest presidencies in terms of issuing this stuff. what is the latest? >> we have all these notes here, president joe biden signed in two more executive orders today, both related to the pandemic response. this makes 29 executive actions over the past two and a half days, most of them executive orders and republicans say they were not consulted or contacted about any of them, one of the executive orders will raise minimum wage in the federal workforce to $15 an hour, more than double what it is now the other is increasing food assistance and protect unemployment insurance for those who can't return to a job because of the health risk it poses. before executive orders angered
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to start right now, it takes time to get going. it is now formally heading to the senate monday. >> exactly. the reason which mcconnell said this process was rushed from the beginning, the house going straight to the articles of impeachment without any during, which mcconnell's argument is we need to make sure we get all the facts so he wants to push the trial off until february, but yes, monday articles of impeachment will be in the senate hand. neil: thank you very much. edward lawrence on the back. fascinating story today, talking about the way joe biden talks versus executive orders and actions because he talks like
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he's working with republicans but executive orders and directives have been anything but they lean sharply to the left and that might be a better indication of the direction of this administration let's explore with rebecca walter. podcast host john, what you make of that some of the directors, virtually all from out of joe biden, what you make of that? >> i think that's to be expected. the consolidation of power in all three branches, joe biden is under pressure to lean to the more liberal part and i think that's what you're saying. so far, executive orders have a pipeline from a huge effect on the economies immigration, it's more about things that have produced locally with the country and a shot at present from which is popular in this.
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neil: you know, looking at the orders of two dozen have been issued, looking at all that said and done by this weekend, we could be looking at 30 -- 36, i'm not distinguishing between executive orders and executive actions, all of which sort of order but the one thing, an indication you want to hit the ground running. he's a fan of fdr but a lot of these actions, telling republicans, the president said he would work and he is going ahead and doing things unilaterally, this would seem to indicate that maybe his actions and words are quite needed. [laughter] >> that is definitely a way to put it i agree, i am deeply concerned about the energy stuff is taken not only in the pipeline, illuminates 1000 new jobs immediately but also the
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pairs climate accord and also the washington post confirmed yesterday that the administration will be and talking. we have not seen that yet but that's what the washington post said yesterday. these are massive changes on the energy sector impacting the economy very quickly and it concerns me with the paris climate accord, five different times that they increase greenhouse gas it's something i just don't want to do. they don't want to transport down to get refined in america even though it happening like rail and train failed. this is now the houses of congress, less about across the aisle kind of deal we thought we would get. neil: let's talk a little bit about the $1.9 trillion stimulus plan, republicans are both think
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that it's way too pricey, you don't need that much. progressives within their own party is saying it generous enough, they would like to see it even bigger seamless checks going out so he might be getting it from both sides. let's say this is dramatically pared down. it's not 1.9 trillion, 89 not be 1 trillion. how does the market deal with that? they seem to love stimulus of any type days, concerns for deficit and debt but what you think? >> no one seems to care about the deficit in the minority party. both sides have been on that, the market does expect a big budget ballot from the biden administration i think there will be trouble but look at for the market is going to be six months from now, we should have a market for the next six months
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and you will have an intersection structural issues that have come out of the pandemic, 9 million jobs lost because of the pandemic. those 9 million jobs now and unemployment benefits will start to run out in the back of the vaccine jobs for all of those people will be an interesting dynamic we have in that period, six to eight months from now, that's what the market going forward for why else would you have carnival cruise with no income coming in all about $20 billion, people are looking into the future as far as the market and once we get herd immunity, assuming this will give the 9 million people i think it depends on the direction, depending on who you talk to our
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monthly average this which is a reliable read, the lowest it's been about a week and see the light at the end of the table tunnel, lockdowns and other countries in some affect. we could be going through the worst of it. there's always a delay, hospitalizations and radical deaths from a lagging indicator but if that is the case, rebecca, i know a number of doctors work around the consensus of april and making the turning time, people start with that. >> exactly it. it can be temporary he mentioned last march, 2020, $6 trillion of federal funds for biden's actual plan that are not going to be and what if you look at total
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federal debt really under $30 trillion, 6 trillion in less than 12 months is unsustainable. what i'm looking for this administration to lay out for us now what is the plan to recapture the economy and actually reopened. in the midst of the virus, we cannot stimulate indefinitely. i know the market but really, have to start -- i totally agree, this is on both sides. a massive amount on the administration and they can't afford it especially all other parts we have to get a handle on what the economic plan is with the virus moving bullet stimulus cannot be indefinite. neil: when you talk about baby
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boomers retiring, how so fast will have you back in a few minutes, talking about specifically the president potential to shut down pipeline, already layoffs happening in light of those remarks. in the meantime, pete buttigieg, the former mayor now deflated to take over the transportation department. the race interesting ideas in his confirmation hearing yesterday including how to pay for all of this. >> highway trust fund doesn't have enough funding. would you support gas tax increases? if so, how much. neil: all options need to be on the table. company increase since 1993 never pegged to inflation and that's why the highway trust fund, there's more going out and coming in. neil: all right, later on in aid, he said he would not talk
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about policy change. for that matter, the carbon tax. a lot of the infrastructure work at pts. journal associate editor, fox continued with us now. john, i think he held out the possibility back to the gas tax now, more people moving to electrical, it might not raise the dough that something but to pay for infrastructure and climate change initiatives, you will have to get it from somewhere. i wonder where. >> you are. he tried to walk you back but he clearly said gas tax is on the table. the gas tax and inflation is on the table but why? as he pointed out, the gas tax has not been raised in 1993. forty-three billion-dollar highway fund that's meant to repair and expand highway in the transportation system and
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whenever you are on the road, you can see that is not happening. bridges and roads need a lot of work and money is not there. the idea of a gas tax increase has been out there a long time, since 1993. neither party wants to do that because it's regressive. person who is commuting one hour, 10-dollar an hour job will pay the same amount of tax and someone being driven by a chauffeur for an hour. $202 million an hour job. how can you do this politically acceptable? he said it's going to be inevitable as we get out more electric cars means they are not paying any gas tax which means that 43 billion-dollar trust fund is being funded and hasn't been for years. the congress has been plugging the holes for years. neil: whatever happens at the federal level, whether under horgan governors from raising
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their gas taxes like indiana, even when chris christie was in, he raised the gas tax. states have been even if the federal government has not. that money did not make its way to the highway, it made its way back to those states and they are not exactly examples of his propriety but i'm wondering where all of this goes because it sounds like every day because in this is one, costs are going to go up. >> this is one area where everybody seems to agree, democrats and republicans along on this issue, everybody agrees infrastructure needs to be held out in the u.s. they do it because they are spending money elsewhere. $3.1 trillion budget deficit,
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october 30, that is a record. you are about to expand back with all this covid spending that's necessary and critical at this time. are you really going to be able to have an ambitious infrastructure program biden will announce something next month. i think all options are on the table because at a certain time, you have to address this issue. he talks even about, there was some kind of love, if you use the road a lot, you pay more. it will be controversial. neil: certainly going to be that. great catching up with you. the "wall street journal", a regular contributor here. in the meantime, you've heard about home sales, and of the best years for housing we seen 2006. but that doesn't apply to all
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and what did you get, mike? i got a bike. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ it goes down, 2009, ten, 11, 12 and then picks up 13 to 15. we started in 17. seventeen through 20, it will probably go to 22. i launched like a loop in my hand. neil: that has become ubiquitous with luxury real estate. josh, the guy behind the million dollar listing, happy to have him with us right now josh, happy new year. >> my screen is black right now
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so i can't see you but i can hear you. neil: you're lucky sent but let me ask you, i know a great in some areas in the top end of the market, the definitions they use in the garden state is enough, for example, it's not moving. now all other price points below are. i know there are some differences beginning to sell again in new york city, not to the degree they were, in florida, you're dead on right. that is a phenomenon, i'd imagine the favorable tax environment that doesn't hurt but in other words, not all one way. how would you describe luxury? >> luxury real estate here, my personal opinion is homes over $5 million. the market here, it is bizarre,
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we are in i want to say the longest cycle of the history here, is it when it was in 2015 and 16? no. generally cycles go up and later down. generally on average, seven years cycles. we are not what we were but we haven't really gone down. there sales of $100 million consistently, which is weird also because until three or four years ago, there was never a house sold over 300, now there are ten or 15. things are moving left and right and while it is not you know, multiple transactions like they were at one time, it is impressive. by the way, it was starting to slow a bit and then the coronavirus. then people thought have a pandemic by real estate which is
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counterintuitive but expects the market up again but it hasn't started to swell. neil: i do remember you are talking about the pandemic and in was a lot of people working at home, it's completely changed. there's a shift in how some of us, not all of us, are going to conduct our work in business going forward. a lot of us want to make sure so i get that. but i'm wondering how it plays out because surprise these california stories, i have no reason to doubt because california is not a cheap state to live. we see businesses relocating elsewhere because of that but this is beyond the tax issue so what is driving it? >> i don't know, i think there's a lot in california that knows
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first of all, interest rates are basically paying to live in houses, it is incredible. i think there's a lot of people out of state because of tax indications here in california but at the same time, there's still a lot of people who are going to move because their lives are here because of that low interest rates are divine. neil: i was seen in manhattan, a lot of people don't appreciate it it's nothing like it was before the pandemic but is the low levels and one thing i hear, those who are buying, they are not paying cash even though they can afford to. maybe the fact that rates are so low, is that shift out there as
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well? are we seeing this trend continuing elsewhere or you pay, where you finance? >> there's a lot of that especially in the big sales but i tell my friends all the time, whether my client is a millionaire or billionaire, you might as well take that out. it's so cheap because if you figure you can earn, even with your municipal bonds, you might be able to earn four or 5% a year in your bank account whereas if you borrow that 2%, there's an arbitrage of 3%, why would you not put your money to use? neil: upward trend continuing, i don't see it in new jersey, we hear beyond your city and new york state properties are still
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making a little bit so how do you see it nationally going forward? >> i'd say here in california there's still a lot of people need to buy houses because they are not leaving but there's a lot of people selling because of tax implications that may be coming our way so with that said what that is not a bad situation. you have flyers and you have sellers and keep interest rates and i haven't seen, there could be a bit of a sellers market at the moment, it could be a little more inventory than they used to be being sellers but not drastically. because of that, there's not massive getting worse and lines around the blocks of people going into multiple situations but there is still a good amount of buyers in the market is good.
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i can tell you right now, i'm certainly very busy and to start the year off, one of the busiest beginnings of the year i've had. neil: thank you for taking the time, million dollar listing, very, very popular. particularly in particular. joe biden already, as expected, has plans on the keystone pipeline. canada and all points south in the u.s., is viewers not that many jobs when push comes to shove but one company has taken the punch and laid off thousands. ♪♪
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joe biden, american presidents who want to urge people to buy american goods. the devil is in the details. right now in new york with how this president makes good off that. >> a there. cheryl's manufacturing, the last and only american makers for flatware like this. take a look at this beauty, this is silver plated in its head to a naval vessel. a big contract with the federal government and they are making this for the navy. if you want to know why this is so much, it's because they put concrete in the base of these handles.
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this is the consistency of say pancake batter and woody over here is loading up machine so the handles will be filled with concrete. i want to show you the ceo of this fine enterprise and i want to ask you, what is the biggest problem for american manufacturers that needs to be solved? >> in our particular case, it's chinese steel subsidies. our predecessors decided 16 years ago, they could no longer manufactured in the u.s., realizing they could buy products, finish a box, in long beach, california, cheaper than they could by raw material with here in the u.s. this is because the chinese government owned the steel mills and they produce and sell their steel, subsidized at about 50% of the market price in their industries giving them an unfair advantage.
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level the playing field and with our workers and equipment, who will compete with anybody in the world. >> level playing field, that is what everybody is looking for. this executive order over the weekend could contain a number of things like a tax credit for people who rebuild refurbished facilities like this one. higher taxes for people on offshore production of american goods and finally, $400 billion in government spending allocated right to american manufacturers, i'm sure there will be more details on that but that is what we are looking to. neil: thank you very much. an environment like that, you wonder joe biden urging america first to push to shutting down the pipeline of those first victims would be american workers. thousands of energy because of the president in the pipeline, rocco walter with us, john as
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well, john, surprise obviously pipeline is down, forget about these, thousands of others, canadians are not too happy about it either. what you think? >> i think it was a political move and it's on every level. the pipeline and especially nebraska, the pipeline, 250 miles of pipeline to about 20000 miles and as far as coming out of the ground, a big push back, one 100% true but the pipeline doesn't come to us, it's going to go to agent money, essentially chinese money, they've taken natural gas out, they have metal in the ground right now and they will lose
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their money because rules have changed, jobs will be lost, contracts don't mean anything when you do something like that, i completely agree with this political decision of president biden. neil: let me ask about the fallout from this. a lot of other people and states completely unaffected, going about spillover effect, it will depress oil related products because of the view, guarded by the slowing demand for these products and now the fact that a popular pipeline would be indefinite. >> i agree with john one 100%, this is a problem because moving to all 80, that is a great long-term goal and something the market reacted to what we have
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to understand electricity that powered it is so generated for fossil fuels already. this oil is coming down, whether we like it or not. whether it's rerouted or continues to come via train and truck, this is what we are talking about. the impact economically is billions of dollars. they might say there's 1000 laid off but that's just construction sites. ongoing job opportunities, tens of thousands of jobs, billions of dollars of economic involvement of cross america and it's a problem because we aren't yet at an alternative for fossil fuel. if you think you're just going to shut down the pipeline again, i reiterate that the obama administration found five different times of the pipeline did not increase greenhouse gases so i understand people
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want fossil fuel but until we are no longer there, we are just rippling the way we are using, this does not make sense. neil: final word on the subject here. this month, not just what today, this was well telegraphed that joe biden would make this move day one so you would think the markets would prepare for what they are selling off on this today but to date, there still up pretty well so we are putting that in perspective for you. we are going to take a quick break but we are going to hear from the white house press secretary. some of the latest executive actions, a bit of distinction between them. we have two more today, yesterday 70, the day before. no u.s. president has issued as many of these executive orders
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the troops returning to the capital, somebody kicked them out of hotel rooms they were in. they said they wanted them out as well. did that? nobody is owning up to it, they are looking into here is the latest. >> members of both parties are outraged and it's still not clear who's to blame. capital police denied the order the national guardsmen to vacate the u.s. cap are complex while congress was in concession but the national guard tells us the order came from capital police and u.s. offense official also confirmed that. hundreds of troops in the judicial center garage sweeping against concrete and 40 degrees weather. political reports there is a single stall and one electrical outlet. the governors of texas and new hampshire called troops home in lawmakers sounded off immediately. double amputee tweeting unreal, i can't believe the same members
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we've been asking to protect our capital and constitution the last two weeks will be ordered to vacate the building. i'm demanding answers asap continues my office. tim scott tweeted this is unsafe, who's ever decision this was to have our nation guardsmen in underground parking lots must be held accountable and they were eventually allowed back into the capital complex this morning, senate leadership pledged to get to the bottom of. >> it was utterly acceptable. i told those at the capital that it cannot happen again. >> i don't think a single senator feels it was acceptable. i'm glad the situation was resolved. >> we've been told the troops you have hotel rooms in virginia and maryland but they are not easy to get to between 12 hour shifts. the shifts have now been reduced to eight hours in bristol need answers order came from.
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neil: thank you very much. coming up, we are monitoring the white house right now with the press secretary to have a briefing and that economic counsel to be at the same reason. also a little later, richard will be joining us and dan orbit cbo this is one of the coolest things we've seen in space travel, a rocket launched from a boeing 737 plane into space. we have amazing video, this might be the wave of the future. not just for astronauts. we are average folks. beyond those who are honorary astronauts. ♪♪ ♪♪
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so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. 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.
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days into this administration. many loyalists say that remains the plan inherited from donald trump. there still worries from signs abroad cases in the uk, boris johnson detailing to his people that is going to get worse before it gets better which by the way, the same message president biden delivered. a smarty-pants when it comes to this and so much else on this, great to have you back. the idea that a get worse before it gets better, we've had 4000 plus deaths yesterday on the seventh day average which seems to show improvement. where do you think we are right now on the virus and distribution of the vaccine and all of that? >> i think there is a learning curve with all of this so we are getting better at disturbing the
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vaccine but there is still significant hurdles. there are some questions that should be answered, obviously we have a miracle in the form of a vaccine some of the major obstacles i see are the method in which the vaccine is being shipped. his being shipped, it has to be in older cold container being shipped in files of 975 units. so basically, minimum orders and 975 units. six doses are in files. that means in a hospital, if you open some of these, you have to inject thousands of people within pretty much a day in order for the files to not go to waste. that's not feasible at community centers or smaller places for local units if you want to try to get to a lot of different people. then you have the administrative delays of trying to figure out
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there are only certain people who can be vaccinated because of the priority list. that's creating be around bureaucratic in terms of getting the vaccine out and that is the problem. why does it have to be shipped this way? why can't there be smaller minimum orders or why can't people go out and use the vaccine in smaller quantities? that's one thing. and i think also, we are looking at it as a medical problem that we have to get the people to the doctors, nurses to be vaccinated personally, i can say for our private practice, i am affiliated with the hospital as well but for private practice, we are applying for being a distributor, in terms of the city for example, you have to register as an immunization site and there are technical issues with the website in terms of registration those are things
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that can create backlogs, are not sure about the whole country but definitely in certain places i'm sure you can have problems with websites, problems reaching people in terms of phone lines and for the city, there's one number for the residents of the city and helping providers use. everybody uses the same number and if the voicemail is full, you can't reach anybody to figure out the logistical's. all that creates a problem. neil: very quickly here, we are learning these versions of the virus popping up in the country, we have a couple different ones here in our own country, if i read doctor fauci correctly, the vaccine might not be as effective. i miss read that, does that worry you? >> it might be. the coronavirus has the same spike protein regardless of the vaccine. it is effective against that, it should work regardless of the rotation. some of these pharmaceutical
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companies may have on this as well because one of the debate is about whether, why do people still need to wear a mask and socially distance if they've gotten to doses of the vaccine can you still carry the virus are one of the mutations even if you have been vaccinated to you don't get sick but maybe you still carry the virus? some may have data about that so if we at least have access to the data were analyzed the data that might factor in your question and answer some of these concerns people have about what you are vaccinated and used to be a carrier and can we get back to normalcy? ♪♪ neil: that is the question. thank you very much. we might hear how the administration plans to address valid points she pointed out. we'll get to that momentarily. ♪♪
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the rest of the month and the year will enough time. we are getting ready to hear from richard, new way to get into space. hooked up to a boeing 737, launching it from the belly of the plane and then you are in space. it's get getting the attention of the world. what it means for private space travel and for you if you're interested in this, shortly. future of product is still in doubt. the crucial case that amazon was forced to get off-line, a judge disagreed. we are going to talk to the guy behind the offering but none of these issues. susan lee on where parler stands right now. >> parler losing on the amazon web services, the judge ruling against parler arguing breach of contract with a 24 hour notice
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being the platforms. they are banning parler. interestingly, not first amendment rights, probably did acknowledge aws is a private company so they don't have to uphold it but parler did say they are grateful the court joins a dishonest attempt, meantime parler did move over it domain to russian based host company. that is the house leaders in the new chair of the oversight committee calling for an fbi investigation into parler with christopher, the questions have been raised about parlers stands with the ties to russia, the intelligence community is continuing to use social media and interfere with our democracy. parler in response -- [inaudible] there are critics to say parler
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is being singled out, conversations with the facebook oops growing violence in the run-up to the event including removing the facebook page of the succession making conversation and plan to bridge capital that day as well. other social media outlets, qanon had thousands of accounts missing january 6 so there are calls and questions as to why parler is being singled out here and targeted. >> thank you very much. a guy who might be innovating from all this confusion, you'd never know it given the attention on parler and all the ones keeping parler shut down. the founder and ceo, they do police outrageous content but
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allow freedom of thought. very good to have you. could you explain in a nutshell, how you distinguish yourself from rival social media? >> absolutely, thank you. very straightforward, competitive mainstream, a business model and targeting model, everything upside down. members enjoy all of it and more. members have a privacy bill of rights, they can voice their opinion about anything. democracy is all about having different opinions. have a business model that doesn't allow any targeting of any boosting of inflammatory content. members cases are purely who they choose to connect), nothing
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gives it away. it's very natural, common sense if done right. we do monitor, rules are very straightforward. don't incite violence, don't bully don't break the law. you can see our terms but your opinion on a political issue, a health issue or anything, just give decency. come on, guys. neil: how do you weed out those -- how do you distinguish those who support donald trump between those who ramp up to the next level advocate or justify, the majority might be violence on behalf of donald trump? >> that's a great question and i hope parler is restored or finds new ways, i hope they have the
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modification. there are decent people, it doesn't matter your opinion -- [inaudible] having a civil conversation, we enforce rules and have never most every group, every page on it. 16 million moderators on the platform, identifying something that might be in violation. we have a system we can put them in jail for 24 hours. our members understand. our members are good people. the extremists, people have nothing better to do then to disrupt social media, the things, they can go somewhere else. no matter your beliefs and
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thoughts. neil: your thoughts on twitter and some of these other guys to all but shut down parler. >> double standard. twitter trended hanged mike pence to tens of millions of people. facebook took down a group of conservative democrats, two weeks ago for no reason. the standard is the problem, but remember, we've got to keep section 230. section 230 allows new competitors to work. if they have to moderate and inspire everybody else, then so does everybody else. they let as compete and beat facebook. neil: all right, we will watch closely. the founder and ceo, finding
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some middle ground, proceed without getting out right shutdown. in washington right now, the white house economic council advisor, ryan addressing reporters on the executive action today including providing immediate assistance to low income families and other resources to support families in lower income brackets. >> needs to better reflect the cost of a healthy diet. another element of this executive order is to mow worker safety and the department of labor to consider clarifying that workers have a guaranteed right to refuse employment. that would jeopardize their health. they do, it will still qualify for unemployment insurance. this is a common sense step to make sure workers have a right to safe work environment and we
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don't put workers in the middle of the pandemic in a position where they have to choose between their own livelihoods and the health of the families. the second executive order the president will sign is focused on the jobs of federal workers and federal contractors. he will direct his administration to initiate a process starting today that would allow him within 100 days to issue executive order requiring federal contractors to pay at least $15 minimum wage and provide emergency pay relief to workers. this is something the president talked about on the campaign and using taxpayer dollars, federal contractors should provide benefits and pay that workers deserve. the order will protect and empower federal employees who dedicate their careers to serving the american people. many in very difficult
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circumstances during this pandemic. the steps will include restoring collective bargaining power and worker protections for federal workers, eliminate schedule f, which is threatened the productions of career employees and also provided a pathway political appointees into civil service. also promoting $815 minimum wage by directing opm from a public management, recommendations to pay more federal workers at least $15 an hour. finally, one final note in addition to executive orders issued today, we will focus on another priority with the president and vice president, equitable relief to small businesses. in previous rounds, to much of the support dedicated to small businesses has left out the smallest businesses, mom and pop
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businesses that don't have existing connections to the financial institution. native american owned businesses were shut out completely and a lot of it is because the outreach and communication from the federal government was either unclear or nonexistent so too many of those companies have been denied relief and many have shut their doors. the president is completely focused on changing that and he has directed us to take immediate steps to make sure we are listening to these communities, taking their advice on how to improve initiation of relief. just this morning, i met, along with the small administration business of dozens of groups representing background businesses and other underserved communities and lenders to hear ideas on how we can improve communications and act on them.
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we discussed the president idea of having navigators dedicated to helping small business owners find the right relief programs, fill out paperwork and get money into the bank account, the kind of support many of these businesses don't have because of embedded relationships that well-connected businesses do. there are groups in the country doing this successfully, we are determined to learn from them scale the efforts nationwide. i will be joining the vice president harris today, she will meet with business owners to discuss the american press you plan and the need for more effective small business relief delivered without so that is today, that is our focus for this executive order, i am happy to take a couple of questions, you all have any.
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>> thanks, thank you for taking questions today. i want to ask you about the call on sunday with the bipartisan group of lawmakers. what can you tell us about the call? will present biden be able to call and what is your message to mitt romney and those who say the economy cannot have another stimulus passing the $900 billion relief package? >> the president made clear to his team that we should be reaching out to members of congress from both parties to make the case for the rescue plan and engage with them, understand their concerns so that is what we are doing, both myself and senior members of the team. we've been doing that over the course of time and will continue to do that including the call on sunday that i will be doing with
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a group of senators and we will continue that engagement going forward. in terms of the message, it is pretty clear. we are at a precarious moment for the virus and the economy without decisive action, we risk falling into a very serious economic hold, even more serious than the crisis we find ourselves in. economists across the board, including today president trump's former chairman of the council of economic advisers, arguing that now is the time for that decisive action for the economy and that we can't wait to provide resources to make sure we can open schools, get vaccine shot in people's arms and provide the bridging relief to families and small businesses. there's a lot of support, i met with a group of mayors
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yesterday, bipartisan group of mayors across the country. you hear from mayors and southerners crying out that in order to take on these crises, public health and the pandemic and economic crisis at the same time, now is the moment for that decisive action. >> will the president be on the call, if not, why not if it's so urgent? >> we are doing all outreach, directed the team to do outreach to members of congress to business and labor organizations to mayors and governors and we are in the process of doing that. i'll have that conversation sunday, expect other members of the administration will be members of congress as well. >> how would this trial impact getting the covid package?
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>> we are facing right now. of multiple crises. what we will need is to be able to act on multiple fronts so that is certainly, we understand that the senate has constitutional obligation in this context but we also have pressing economic pandemic parties as well so that's why we are engaging and focused on making the case and expectation that congress will heed the call and move forward. [inaudible] >> if you are able to pass this nearly 2 trillion-dollar plan, the last round of stimulus or do you think you may need to do more? >> if we don't act now, we will be in a much worse place and we
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will find ourselves needing to do much more to dig out of a much deeper hole so the single most important thing economically right now is to take decisive action. along the lines of what we have laid out in this rescue plan, and you hear from economists across the board whether the federal reserve, the monetary fund and economic experts across the political spectrum as well, when you're at a moment is as precarious as the one we find ourselves in, the risk of doing too little, under shooting far outweighs the risk of doing too much and that's the economic logic, the economic case behind this package. he also heard the president clearly explain his economic approach is one where rescue and recovery need to come together. he'll speak more about his recovery plans in the coming weeks. neil: all right, the economic council advisor and outline why
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it is the president already proposing executive orders and action. most having to do with emergency relief for the economy. he said this was not part of the president to override congress but to get help as soon as possible. decisive action as soon as possible because the economy is a precarious moment. we are continuing to monitor this and the fact that he's optimistic that it will be delivered shortly in the president stimulus plan, creating dollars is necessary, it's not a matter of necessary money but the economy needs it now. he would rather overshoot than under shoot. we are monitoring that closely and also some other developments including what's happening on the states fund. one of the best years for the space initiative certainly on the part of private enterprise
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working with government but this one is the wow factor for me, urgent orbit launching a rocket into space from under a boeing 737 plane. that's something you see every day but it keeps the theme with the likes of jeff bezos and elon musk, getting their fortunes, redesigning the whole process of space travel not just for regular astronauts but average folks who want to go. richard joins us right now that the founder is with us as well, virgin orbit ceo. welcome to both of you, thank you for taking the time. >> it's great to be here. neil: richard, first deal. this is stunning to watch and i can't get enough. when i first saw it, i thought
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it was a plaintiff launching an attack. then i found out what it was. it's an interesting way to get up there and it went without a hitch. how soon will this deliver folks into space? >> we got two companies, virgin galactic taking people into space and virgin orbit which is basically taking satellite to space and connecting the world. because it launched from a 737, we can put satellites up more rapidly than before. maybe 24 hours, 48 hours notice. over the next 12 months, we will ramp up mass production in our factories. i am piggybacking on the
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picture-perfect success that was delivered, they need every dollar possible and a liquid rocket from an airplane, they deployed nine satellites in the exact orbit that they set out to do. they have commissioned the satellites and it was a tremendous breakthrough and i think one that will be in credibly useful, communications industry, government and the like. neil: you know what's so remarkable? i would imagine launching anything into space, with those launching satellites into space, less risky than a traditional launch. could you explain this? >> anytime you put new
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technology in place, you have to go through a large settlement. this was a long drive for an incredibly innovative team. now we have the entire system and to end. the 747 was the first, which is the most operable aircraft ever created and that is what took the initial lift. i think we have set the bar. neil: richard, looking at this and what you are doing and elon musk and jeff bezos, i don't know if one strategy is better than the other, i just know you're all involved. it looked like things are looking dicey for the american space program. is this the way it's going to
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be? you working in partnership with the other, flowing and what have you now? >> we all have our issues, we all are doing something slightly different. using space to benefit unit humans back here on earth. elon has fantastic ambitions and i think all three have very valid programs. government run companies, generally well-run and they have an enormous amount of money to achieve what a private company achieves.
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we've done urgent orbit out of our own pockets and instead of the government doing it, it would be billions and billions. we've managed to do this and very relieved we had such a successful flight. an enormous congratulations to the team, doing it in the middle of the pandemic. a lot of times the teams have had to stand down. it went up into space and i think cheered a lot of people up. neil: very uplifting. a lovely start, that's probably an understatement of the century but i did notice with the boeing
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747, the plane going is essentially retiring now, it's a little bit of oddity and that. we are well aware of that, i'm sure the 740 sevens will be around but is that the plan to continue working with boeing and getting up there first, at least before you get into space via the boeing 747? >> the 740 sevens is a tremendous aircraft and always. it's a huge legacy, wonderful engineering, infrastructure all over the world so the fact that they are coming out of passenger services gives additional lift, we can buy additional 747s for the government where other
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governments can at a fairly low cost and we can expand capability across the globe. we look for a day not too far in the future wherefrom airports around the world, 747s are carrying rocket to space with satellites and that will allow government, there are agencies around the globe right now so that will allow other governments to have space launch from the sovereign territory and left national security apparatus to launch anywhere at any time which is invaluable. neil: >> for many years, virgin atlantic, rather than this, they have put it to work with virgin orbit. they would not be doing as many flights that was flying almost every day. the cost of operating in this is
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a lot more feasible than it would be for passengers these days. neil: let me ask you about that, richard. you might have heard we have a switch of administrations in the country. joe biden has taken over. i don't know his interest in space compared to donald trump, a government by the industry partnership but president, he has a different view on space activity. nothing like it was 60 years ago when john kennedy became president and the government put it in the bill, that's feasible right now. any indication if you're getting from new towers in washington about whether space interest will pick up, maybe not to the degree it was during the jfk era
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when competing on the soviet union which was at the back of getting the space program up and running but are there new reasons to be confident, for no other competitive reason, chinese moving, a man is up there, russia has been up there forever but there are a lot more players and that might galvanize the biden administration to be more involved than ever, what you think? >> i think biden and president obama, when they were in office, they were the ones who decided putting billions, not trillions into nasa was not the way forward, private companies could most likely the job more cost-effectively working with nasa. i think they were both on the same page and we would expect that to continue. you are right, if china and
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russia did have a war with allied nations, one of the first things they would consider is knocking out satellites in the sky one of the massive breakthroughs is virgin orbit. we can scramble a 747 and one hours notice and put satellites up within 12 hours and another within 24 hours and so on. that is a massive deterrent in knocking out the satellites in these countries. there is a lot of excitement within the pentagon for what we are doing.
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to congratulate us, and the u.s. air force. so i think it is a big breakthrough, a breakthrough from their view. neil: i did mention joe biden and i know you are close to barack obama, one of his first acts leaving presidency was to vacation at the island resort. i am curious what you make of some of the moves joe biden has made since becoming president including rejoining of the paris accord, rejoining the health organization, good steps in your direction, good idea about where this administration could be going? your thoughts. >> i'm sure many disagree with me but i was actually at the
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paris climate accord with two organizations we help set up campaigning to get all countries to sign up to try to tackle this massive problem in the world. we celebrated, we were overjoyed when every nation signed up. the last thing we expected was america to withdraw. obviously one of the first things he did was we signed that. my granddaughter who is to, after orbit space, i looked up at the sky and said, onto the moon. [laughter] but i think my grandchildren and children, we need to get this
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world into a world that is run like this in hundreds of thousands of people and the cost today is less than the cost of gold so it makes business and environmental. so i am delighted you are all right, i saved the most important questions for last. we were showing a little bit before barack obama jet skiing with you, this is something not allowed in the eight years of presidents, he looked a little clumsy in the beginning with these other things he was doing, did you teach him that or did he just practice again and again and got himself?
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>> it was more difficult, it was quite serving. kite surfing, you fall a lot when you are learning. i served for many years and we had a competition with each other. he never learned to kite surf so we worked hard to see who could be who. the president got 500 yards on the kite which is a real accomplishment. i got for 50 yards but we had -- he had a delightful break from running america for eight years. a delightful holiday. we were lucky enough to get to know him and his wonderful wife will. neil: all right. they say things about you. one last thing on what we can
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expect right now, virgin orbit and what next. what is next and how close are we satellite and eventually humans, or will it be in the beginning watching satellites into space? >> we are focused on satellites at this time getting a huge community in two orbit. satellites are changing dramatically right now. satellites used to be the size of a school bus, they are now the size of maybe a microwave so there's a huge amount of movement in the commercial sector an opportunity for exploration. nasa is making huge moves across the globe, huge moves and as richard said in the national security world, they have a focus on small satellites is one of the approaches as a deterrent against mr. in space so we will ramp up productions of rockets,
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we have a full factory here we will get into a regular lunch team and putting happy customers into orbit. neil: amazing. >> doing it final test sites before we start taking members of the public to space. neil: version launching humans into space and to be clear, virgin orbit, dan, would be handling the satellites. >> correct, exactly. neil: all right. john kennedy, if you are looking at this, he be impressed. there a lot of people volunteering me to be launched into space, the sooner richard dan, thank you both very much. very inspiring here.
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a reminder of what's possible when private initiatives take over. work and coordination with government, particularly here to realize a dream john kennedy had 60 years ago. it lives, it thrives, it's in our human nature to do. back to the bidens white house right now, i can continue to take questions including the president initiative, executive orders and actions, those of his predecessors combined. >> they are proceeding with impeachment trial on whatever timeline it begins and ends on. he's going to give the timeline up to them but what's important, there is president for this, they are continuing to move forward with getting relief to the america people because that can't wait and be delayed until march, april or may. >> if i can follow what he said
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about covid, you said your goal is 1 million shots a day which is double what the trump administration was doing. we've reached 1 million last week so given the urgent need for vaccinations, why not? >> first of all, we are not packing up our backs and leaving at 100 days. we felt it was important and set the goal before any american received a single shot to the incoming biden administration thought it was important to send what was described as a bold and ambitious goal at the time. many doubted we could even get the so we want to set our own markers and markers for the american public to they know we are meeting our goal. we surpassed that, that's great. we will continue working after day 100 as well but there are a number of factors doctor fauci talked about, it's not just access to the vaccine. it's addressing vaccine hesitancy, ensuring we have the materials needed, a new, you
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have all been reporting on different issues for new york, there's confusion about the process, there a number of -- [inaudible] [inaudible] >> state leaders and medical experts, one of the questions they are trying to figure out is, how much vaccine is in the actual stockpile? >> our team has been on the ground for about 48 hours but certainly what they want to determine is not just the operational references but we are looking at in terms of supply. we are going to start briefings next week a couple times a week with some of our health experts so i expect we can provide some update of what they have
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reviewed and have access to. >> how are they going to determine schiff with president trump knocking access is there a decision on that? >> not that i am aware of but i will follow up with our security team, we will leave that decision up to them. >> who exactly dismissed the chief white house? -- was of the previous occupant? >> is a very important question, i am so happy you asked. it was before we walked in the door so i don't have any information than what we provided. >> he said congress at the same time, which is true but there are only so many hours in the day. has the president expressed any concern? slowdown additional confirmation
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on a covid relief bill? >> there are so many hours in the day, you're right but again, the senate trial happening in the senate, it would happen in the senate, the house and move forward on a package. certainly there is capacity and ability to have discussions and hearings, taking steps to move forward on the president covid relief package we don't think it can be delayed or can wait they are going to have to find a path forward they have confidence to do that. >> president biden made clear that the former president is unfit. as far as moving federal office going forward? >> will leave it to congress, thought he was no longer fit and he's no longer here because president biden beat him. we will leave the accountability steps to congress to determine. >> any update as to whether the president and congressional leaders to discuss this?
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>> well, without giving specifics necessarily, but i know you are looking for session myself into the president has already done a number of calls, democrats and publicans, that will continue. he's eager to be closely involved in he will be making calls himself. i don't have an update, i would just add for context, thanks to your reporting about the meeting this weekend, there are a lot of things happening at one time with them are officials so i wouldn't see it as this is the negotiating, it's one of many engagements in one of many discussions the president, the vice president and senior members of the white house team are having and our ongoing. >> is he, the he has democrats on board with this? >> he announced the plan about a week ago and in his view, this
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is how democracy should work which is the president of the united states announcing what his vision is in his plan, proposed plan to address the crises of the american people are facing. there are ongoing discussions with congress, they like some pieces and not others. using democrats and republicans like some, too. he's had encouraging conversations but the final package may not look exactly like the package proposed, that is okay that's how the process should work. >> i have a question i want to start with, just some housekeeping that we might circle back on. i'm wondering -- [inaudible] >> sure. >> okay, on the plane we are certainly aware of the white house military units proposal
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that's been submitted to them about reconsidering the color scheme of air force one. i can confirm for you hear the president has not spent a moment thinking about the color scheme of air force one or anything in the house or any article of anything so no one is going to submit decision memo to him on that particular topic but certainly we are aware of the proposal and any updates, we are happy to provide those. >> i was wondering, you mentioned yesterday, not specifically in light of these contracts -- [inaudible] >> on the first, i don't know specific companies for you, i can circle back with our covid team for specifics, obviously,
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stations are happening as we speak. there was a question about whether the production act was invoked, it has been. those processes are rapidly ongoing. the president has supported d.c. statehood in the past and that remains his position but i don't have anything on the timeline or next steps there. >> a trademark in the last administration, there would be a big announcement and it never really materialized. i was interested in whether they would be vaccine information, i was wondering if you could provide expectation or timeline on what americans should expect. to go to to find out specifics on vaccination information. >> i know all members of my family are asking the same question as i'm sure yours are. it's something to be provided more information to the american
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public when they can call the pharmacy and schedule appointment to make it easier. lack of information and disinformation on how people can get the vaccine and when they are eligible, it's created a great deal of confusion. i don't have anything on a timeline but the person who saved healthcare.gov who helped him working on the team. they are certainly committed to getting more information out in a more acceptable way. >> on this narrative, who has this in the white house? you have privileges as you speak with the president? >> i don't know that i will give you a list of everybody but i will convey that in the first conversation i had with ben resident elect biden, he
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conveyed to me it was important we have regular conversations and we are able to have discussions about how he sees things and questions that are coming up to ensure we are providing you all with information not just about our policies, which is of course pivotal but also his thinking on issues so i talked to him this morning certainly i expect regular conversations with him and so are another number of people having conversations with him on a daily basis as well. that is his style of governing to make sure people are engaging with the outside world have an understanding of his thinking. >> doctor deborah birx still a member of his covid response team? >> i will have to circle back on that, that's an excellent question. i do not have the information in front of me. >> i got a question about the senate and foreign policy if you will let me. >> great. >> thank you. senator mcconnell and senator schumer have ignored discussions when it comes to the situation,
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the sticking.have been filibuster, are you concerned those negotiations potentially delay the legislative agenda, his nominees and also does the president opposing legislative filibuster he did in the interview with the new york times? >> the president's position hasn't changed but i was say he has conveyed conversations with both now leader schumer and senator mcconnell that they need to have their conversations of course but he's eager to move his rescue plan forward and get released to the american public. wants to work with them to do that and he wanted to be up bipartisan bill so that his objective. >> though he opposes turning the legislative the buster? >> his position has not changed.
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>> on their way out the door, they declared china's human rights abuses against possums were against humanity and genocide, does the president agree with that determination? >> i know our secretary of state is just about to get confirmed so senator mcconnell, i'm sure he will be reviewing a number of decisions and assessments made, obviously the president has spoken before to the horrific treatment of leaders but i don't have anything more for you on that. i can check with our national security team to see if we have a more up-to-date statement. >> a couple of follow-ups for families and their children $100 for children every two months is it too little, too late? what are you doing?
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>> i will say the executive actions, this is something we were discussing the president earlier today, it's just part of his effort to bring relief to the american people. his priority overturning a number of the detrimental steps the trump administration had taken. to take steps he can executive authority through the review of the legal team to do to bring the relief but he's also proposed a large package, as many of you pointed out to bring additional relief and he wants to work with congress to build on executive actions to take a bipartisan approach to make sure kids have food to eat, people who don't have jobs have the relief they need and we can get the vaccine out schools can reopen. those are all priorities of him but his big focus is on doing that in a bipartisan way with congress. >> other details mentioned about the 15-dollar minimum wage, i
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don't i spoke about federal contractors but the issues and congress over the years, this president biden plans to speak to's senator schumer and legislation has passed to the senate? workers around the country? >> this is just one part of his steps to provide relief to the american people. there are many federal contractors during the government and he felt it was something not just right to do the something that was necessary to do but he has proposed significant relief package, a package that will provide assistance to many americans and will continue to advocate for the $15 minimum wage moving forward, no question about it. >> i'd love to focus on vaccinations. there's arguably something the government can do. in new york, is a moving branch
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happening today. governor cuomo and made de blasio said they are running out of the first doses of the vaccine. they don't expect to get more until tuesday so there's a three day gap. they going to do anything about that? >> we have asked the cdc to look into this issue see what can be done. i don't have an update beyond that but we don't want states to run out of access to vaccine. we are hopeful in the weeks ahead as we get our team starting to operationalize local officials to provide them a greater understanding of supply, but we will have access to in a timeframe further in advance to avoid situations like this in the future but have asked cdc to look into what's happening. >> there's arguably await the federal government can switch
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and alleviate this. 65000 business federal reserves for these shots, is a federal government considering this in this three day gap? >> as you know in the past, we have advocated for releasing access from the reserves but we have referred to health and medical experts select what we have asked the cdc to look into this. to have conversations with officials in new york and look into what is possible but we want to lean into health and medical experts to make the decisions. >> one of the executive orders signed yesterday required travelers to quarantine or isolate, is the administration doing anything to enforce that
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has the president considered national memorial for those who have died from the coronavirus? >> both are actually questions. the first one i should have permission on but i will have to follow up with you, it's an interesting idea and i will bring it back to people and see if there's more. >> on the immigration bill yesterday, is there an overall timeline? >> we already have cosponsors of immigration bill, as you may have seen which is obviously a good sign. there are a number of experts, which i'm sure you know because you have covered this, who have worked on immigration reform and we are hopeful this proposal, this bill sent forward be sent forward yesterday, will be opportunity for reset and
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restart the discussions but we expect that to be the first step you we are hopeful the components of this proposed bill, which is different from what's been proposed in the past because it includes security and a path to citizenship but also funding to address the root cause, it will help the basis of the discussions and we would like to see it move forward quickly. >> you mentioned the vaccine hesitancy, do they believe all americans should get the vaccine ask how do you convince those reluctant to get to get? >> the more vaccinated, the safer we are health and medical experts have conveyed that so i am quoting, in terms of addressing vaccine hesitancy, it is a big challenge. you her doctor county talk about this yesterday and it will be easier for the first americans
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to convince them to get the vaccine, they are just looking on information and versicles has to get grandma to come with them it is the next layer of people who are concerned, as you alluded to about the safety and efficacy and unfortunately, there is a large percentage in minority communities, communities of color so we have been thoughtful or want to be thoughtful about how we do outreach and engagement, it's making it accessible and ensuring we have community centers and health centers who can provide the vaccine but also who is communicating on behalf of the government or the safety of the vaccine. the president certainly will be doing that, the vice president will be doing that and i know a lot of celebrities have offered, that's okay but what is interesting, the data are great but what is interesting is that local doctors and officials, people from the community are people often coast trusted we
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are trying to empower and be able to fund local communities to be the spokes people to build that trust. >> thank you. you mentioned the covid package, you feel there is bipartisan support, is a consideration that may take place in separating pieces out and passing the things first and foremost that may generate bipartisan support? >> i will say is brian said, the way the package was designed was to address the core issues of the crisis. the tricky piece of that is, you delay vaccine funding to distribute the vaccine? you delay funding for unemployment insurance? do you delay funding to reopen schools? nobody wants to have the conversation about why schools are not opening may or june.
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there are key components in here that in the package that was designed to address the current crisis. we are discussing the big package but as you noted, there are points of view, no surprise about many components, we certainly understand that in welcome discussion with members of both parties. >> for the domestic violence extremism, is there a. when you expect -- >> getting the report back, i don't believe we have outlined that. we can follow up with you if there is a specific timeline. >> president biden wouldn't sign free trade deals because it was on the domestic economy as infrastructure. what is that the u.s. trade deals
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>> well, i can't give you any timeline. i will say what is important to the president and also our national security adviser, jake sullivan, is that we do everything we do must help advance working families and the american middle class. and that certainly includes any trade agreements. and that is part of their objective and how they would approach it. but as you noted, at this point in time we're working to get the pandemic under control, provide economic relief to the american public. we, of course, can do multiple things at the same time, but those are primary priorities at this point. >> can i ask what happened to the churchill bust and about his removal from the oval office? >> oh, such an important question. i will follow up on that. i don't have -- it is something that certainly may be existing in the complex, of course. i'm very familiar with the bust, but we will circle back with you if there's more to update you on on that. go ahead. >> just asking you about
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domestic unrest. first of all, does the president have any comments on the ongoing violence in oregon and washington state? >> well, certainly we had our team on the ground, our national security team even before 12:01 early in the morning on inauguration day because we wanted the to be able to monitor events happening a across the country and any unrest that was resulting from the last couple of weeks. i haven't spoken with him specifically about those events, but it is something our national security team, the our homeland security adviser is closely monitoring, of course. if we have an additional update, i'm happy to provide it to you. >> two more. speaking with the leaders of canada and mexico, who else is next, and has there been any discussion about when or under what conditions he, the vice president, the secretary of state would fly overseas to meet with world leaders? >> so despite his desire, my desire, if that matters, to do a
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foreign trip, i think it will be a bit of time. i don't have an update at this point, but i would expect he'll have, of course, additional foreign leader calls next week as has been the case with our national security team. you can anticipate that those will start with our allies and partners including many of the europeans. but i don't have a specific day by day calendar -- charles: good afternoon. i'm charles payne and this is "making money." 9 breaking right now, the market spinning its wheels, but we have gone to every single sector in the red to five of them right now in the green. a number of important trading narratives have emerged this week. you must know about whether you're a short-term or long-term investor. i can't wait to go over them. i've got some of my favorite guests to help with this. also president biden taking more executive action this hour, efforts to help the nation in crisis are laudable, but some lawmakers are concerned about the avalanche of executive orders and his agenda going
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