tv After the Bell FOX Business January 22, 2021 4:00pm-5:00pm EST
4:00 pm
once we get past covid of course and the dow and s&p and the nasdac, the russel 2,000, closing out the week fresh record highs, that will do it for the "claman countdown", my good friend connell mcshane will take it over for next hour. connell: all right, thank you, ashley. under pressure, you know, it be a different story for the dow today if it wasn't for some of the bigger names in the technology world as they fall from record territory, and at the close, the dow has dragged down by the disappointing results we told you about on yesterday's show, from ibm and from intel, take them out and we have a pretty good day overall on wall street but they're in in and the dow is down 179 and the s&p fought for gains right up until the close but it'll settle down by 11 points and the nasdac, it does make it happen, third straight record close for the nasdac composite up by 12 points and for the week, the dow, the s&p and the nasdac all higher, strong week, in fact
4:01 pm
the nasdac's best weekly performance since early november up by more than 4%, so those are your numbers good to be with you i'm connell mcshane welcome to " after the bell" once again time for the news happening at this hour. our fox business team coverage today blake burman at the white house and jackie and there was an economic focus in the building there behind you today. reporter: there was indeed, connell the biden administration is arguing that the economy is in a "precarious moment" so today we saw president biden sign two different executive orders which he believes will help tackle the problem. these executive orders include items like just to give you a handful of examples here, asking the usda to consider issuing new guidance that would allow states to increase snap emergency benefits for those who need it the most. the president is also asking the treasury department to improve the delivery of those direct payments. the executive orders also begin the process of giving federal contractors only to those giving
4:02 pm
federal contracts, rather, only to those who pay their employees a $15 minimum wage, and it also asks for recommendations to pay more federal employees, at least $15 per hour. here was president biden earlier today. >> we cannot, will not let people go hungry. we cannot let people be evicted because of nothing they did themselves. they cannot watch people lose their jobs and we have to ask, we have to act now. reporter: we also heard today from the president's to be economic advisor, who will be speaking with a bipartisan group of senators over the weekend regarding the $1.9 trillion stimulus proposal that the biden administration has rolled out. as you know this is already facing resistance from republicans. there have been lots of questions to the white house over the last couple days, connell, about red lines and what might happen next. the white house is not saying if there are any sort of red lines at this point, nor are they saying is there a deadline as to
4:03 pm
whether or not if there's not sort of any agreement between democrats and republicans, whether democrats might just go at it alone. connell? reporter: right wouldn't get as much but they could get a lot, more on that but blake, before we get you go on another front the administration announcing some new initiatives today related to january 6 and the riots on capitol hill. so what's going on there? >> they are. we heard from jen stocky as well the new press secretary and she said the administration is trying to counteract what it is calling dv e, domestic violent extremism. in fact, the president has already sent a note over to the director of national intelligence asking to conduct a comprehensive threat assessment on domestic violent extremism, in coordination with the fbi and department of homeland security. the national security council will also buildout its capability to focus on domestic violent extremism and the president has asked that there be coordination throughout relevant parts of the federal government on this front.
4:04 pm
that includes, connell, looking at evolving threats, radicalization, and the role of social media. connell? connell: all right, blake, thank you. blake burman on the north lawn, let's go to steve forbes and i want to go back to what blake was originally reporting on it. we saw from the president today was basically, at least, to start things off, an attempt at economic recovery through executive order, so what do you make of this approach early in the biden administration? >> well, the executive orders are, i think, really not that bad at all in terms of trying to make people get food stamps and the like, who need them and what they call snap now, so those things are things that most people would approve. the big things are coming up in terms of this massive spending bill that the president wants to put through. also on minimum wage, which will hurt small businesses around the country. one study would find or found that 3.7 million jobs be caused
4:05 pm
if you enacted a $15 national minimum wage instead of leaving it to the states and other regulations coming along could cost another 6 million jobs including some of the pieces of this $1.9 trillion stimulus package that the president wants to get through, so in terms of what he did today and on-the-job front, okay, but the big stuff is yet to come and what they've already done in the pipeline and some other measures is destroy ing jobs, not creating them. connell: right we focused on that keystone story yesterday with 1,000 job cuts already being announced in the united states and canada as a result of that particular action. now on the 1.9 trillion to blake 's point it'll be interesting to see how far they push on the congress, because $15 minimum wage is one of many issues that republicans are unlikely to support, so then they've got to kind of pick and choose and say do we want to go for what we can get done, or do we want to push even harder? i listened to brian deets, the head of the national economic council today and in his briefing in the white house
4:06 pm
his basic argument was listen if we don't act now in a big way we're going to have to account a in an even bigger way down the line, because we're going to dig ourselves a deeper hole. is that flawed thinking? would you subscribe to that? what do you think of that argument? >> the u.s. economy has shown great strength only slowing down recently because of uncertainty of what lies ahead in terms of politically in these shutdowns, lockdowns in place like california, so if they did less to put burdens on the economy, through regulations and perspectively taxation the economy would come back very quickly especially as they end these lockdowns and he wants to get this economy moving one he tells the governors in california and elsewhere, ease these lockdowns and he would have the fda approve the astrazeneca vaccine which does not have refrigeration problems that vaccine has already been used safely in britain and india and other countries around the world and the more we get these vaccines out and david asman of fox wrote a piece in the journal about how
4:07 pm
there's blockage, and why president biden could remove those roadblocks on regeneron, make sure people get the disease and cured as he and his wife were so there's practical measures to help the economy but including bailing out states that mismanaged their moneys bad what should be done instead give that $2,000 check thing so people get that money and go out and start to spend it, and do more for small businesses, which are shutting down alarmingly. they're at the end of their rope that's why that jobs report was so bad precisely because especially in hotel, leisure, restaurants, they were devastated, so do the practical things, that stimulus bill need not be that big and do good and cut out rest of the political stuff go for the checks, go for helping small businesses, and by golly, you'll said this economy with the vaccines and regeneron recover very
4:08 pm
quickly. connell: that was a great piece from david and i read that and it's great that regeneron worked so well for him and his wife and it has worked for a number of other people but the idea is getting it to the people and that's something with the vaccine as well, steve which we'll talk about a little bit later in the show is this timing that's the economic timing issue is can we get it there in time? and if it's delayed -- >> the answer is yes. you see states like west virginia, florida and others have done it right in terms of using independent pharmacies, the publix stores in florida they are using as places to distribute the vaccine and we get astrazeneca out there so you don't have a vaccine shortage, more distribution points and by golly, those vaccines be out there very quickly. they put in these complicated formulas like in new york which ended up wasting vaccines or didn't do the distribution well in places like kentucky, so wasted vaccines, so that's an executive tearing up problem,
4:09 pm
not a shortage of vaccines, they can cure that quickly with astrazeneca, do what states like west virginia, florida, texas have done, and again, this thing be over in a matter of weeks, not long months. connell: and johnson & johnson too coming online should help which we'll talk about, steve as always have a great weekend steve forbes with us. we have a little bit more on the virus right now before we get into the vaccines in detail. first of all, hospitalizations have gone down. they fell by the most-ever on thursday, dropping below 120,000 for the first time in nearly a month. obviously, good news. overall though, the totals are still extraordinarily high, compared even to the spring surge, and that's prompted president biden to warn the death toll from coronavirus is expected to cop 500,000 by next month. many states do continue to struggle as we were talking about on the vaccine front. they say the issue is supply and fox's casey casey stegall is live in arlington, texas with more on the story.
4:10 pm
>> yeah, connell, you know, states all over the country are ramping up their operations to try to get as many vaccines to as many people as possible. here in arlington, texas, the suburb of dallas, we're not far from where the cowboys play ball, normally, where the texas rangers play ball, normally, and this expo center has been turned into a mass vaccine distribution site. it's one of about 30 or so across the entire lone star state. at this one location they're going tok vaccinate about 3,100 eligible people by appointment today. that is just in one day of operation and they say that more than 21,000 innoculations have been given at this one hub since opening four weeks ago, but organizers not just here, but all over the country, are urging people to have patience. listen. >> this is the first step in
4:11 pm
the process to get us back where we once were, and so it's important that everyone just understands that a lot of people want this , and we are limited by supply, but as time goes on, you know, people will get their vaccines and things will get back to normal. reporter: but patience is hard to find, especially in places that have run out of the vaccine like in parts of new york city and los angeles. also according to the cdc, so far about half, half of the 31 million doses that have been shipped to all of the states have actually made it into people's arms, so more vaccine shipments are going out every week. more are promised each week, as the death toll for the virus continues going up as we now are reaching that one-year mark where the first-reported case popped up here in the united states. connell, now 12 months later more than 400,000 americans have died from coronavirus.
4:12 pm
connell: all right, casey stegall, live for us in arlington, texas. now, there is this possible breakthrough that we'll report more on as we continue with one company's vaccine advancements that could end up giving it an engine defeating the pandemic that's coming up plus there's one airline that is speaking out could be mandatory vaccines for all of its employees, and then confirming president biden 's cabinet, we're breaking down what's at stake today on capitol hill, that's coming up, next. i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized education center. oh. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. so it's like my streaming service. well except now you're binge learning. see how you can become a smarter investor with a personalized education from td ameritrade. visit tdameritrade.com/learn
4:13 pm
♪ there are many names for enthusiast. but there's only one way to become one... by going all in. the new lexus is. with a lower center of gravity, a more responsive suspension, and an aggressive wider stance. this is what we call going all in on the sport sedan. lease the 2021 is 300 for $359 a month for 39 months. experience amazing at your lexus dealer. you're clearly someone who takes care of yourself. so why wait to screen for colon cancer? because when caught in early stages, it's more treatable. i'm cologuard. i'm noninvasive and detect altered dna in your stool to find 92% of colon cancers even in early stages. tell me more. it's for people 45 plus at average risk for colon cancer, not high risk. false positive and negative results may occur. ask your prescriber or an online prescriber if cologuard is right for you. i'll get on it! that's a step
4:14 pm
in the right direction. hey frank, our worker's comp insurance is expiring, should we just renew it? yeah, sure. hey there, small business owner. pie insurance here with some sweet advice to stop you from overpaying on worker's comp. try pie instead and save up to 30%. thirty percent? really? get a quote in 3 minutes at easyaspie.com. wow, that is easy. so, need another reminder? no, no no, i'm good. uh, yes please. oh. ho ho ho, yeah! need worker's comp insurance? get a quote in 3 minutes at easyaspie.com.
4:15 pm
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. research shows people remember commercials with nostalgia. so to help you remember that liberty mutual customizes your home insurance, here's one that'll really take you back. wow! what'd you get, ryan? it's customized home insurance from liberty mutual!!! what does it do bud? it customizes our home insurance so we only pay for what we need!
4:16 pm
and what did you get, mike? i got a bike. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ connell: all right, they're setting up a trial, the speaker nancy pelosi today announcing the article of impeachment against former president trump will be delivered monday to the senate. let's bring in fox's chad pergram who covers capitol hill. so what actually happens on monday, chad? reporter: well this is where they had the article of impeachment, just one article of impeachment this time, and they walk it over physically you'll see the nine impeachment manager s walk it over to the senate. now keep in mind that house speaker nancy pelosi she's been waiting here for a couple of days about a week and a half. she held the articles of impeachment in late 2019, early 2020 for about 28 days. here is the speaker of the house , nancy pelosi.
4:17 pm
>> this year, the whole world for witness to the president's insightment to the execution of his call to action, and the violence that was used. reporter: monday, we'll see the house impeachment managers, the prosecutors walk over the article of impeachment to the senate. at that point, the acting senate sergeant in arms, jennifer hemingway informs the senate that "all persons are commanded to keep silence on pain of imprisonment" while the house of representatives is exhibiting to the senate articles of impeachment against president donald john trump. the charge is in citement of insurrection. senators a trying to work out a deal for the framework that pushes most of the trial until mid february. here is lindsey graham. >> we're going to do it like we've always done it. we're not going to split the day , at least i wouldn't. that's the business of the senate once we go into it. they're choosing to do this.
4:18 pm
we're going to do it the way we've always done it. we've never split the day. reporter: that's where you could have all senate business stop, no senate confirmation, no cabinet confirmation and no covid bill. connell? connell: right, we were just talking with blame burman and steve forbes about the biden economic agenda so the timing of this , chad, could be tricky in terms of when that comes up to the hill when they're talking about this i heard you say mid- february but what could the impeachment trial do in terms of interfering with president biden's agenda? >> well keep in mind right now that they they've just confirmed two cabinet nominees lloyd austin was confirmed today on inauguration day they confirmed admiral haines to be the director of national ins, president trump had two confirmations alone, and next in the queue be tony blinken to be the secretary of state and janet yellen to be the treasury secretary and the covid relief
4:19 pm
bill could seriously side track this agenda. connell? connell: now before i let you go , fortunately we all made it through inauguration day which turned out to be a terrific day on january 20 but everybody has january 6 on their mind. still concerns about security at the capitol at this point? >> absolutely there's a lot having a lot of questions about whether or not republican members led these "surveillance" tours, now house speaker nancy pelosi and the minority leader kevin mccarthy said they saw no evidence of that, but here is drew willison the former sergeant at arms. >> finding people particularly in public areas of capitol is not particularly difficult. it's actually not a great place to come and commit a crime. they're going to find you. >> so there are six investigations into the insurrection on january 6 and the big question right now is how long do these troops remain at the capitol? do they remain through the
4:20 pm
impeachment trial which starts next week. connell? connell: all right, chad. thorough as always thank you, sir, chad pergram covering capitol hill for us. you know, we're all remembering a baseball legend today, hank aaron has died, truly one of the all-time grates that the game has ever seen, and he broke babe ruth's home run record he hit 755 home runs in his career that record stood for more than 30 years and he's still the all-time record holder in terms of runs batted in and total bases, hank aaron inducted into baseball's hall of fame in 1982 after a 23 year major league career he was 86 years old.
4:21 pm
research shows people remember commercials with nostalgia. so to help you remember that liberty mutual customizes your home insurance, here's one that'll really take you back. wow! what'd you get, ryan? it's customized home insurance from liberty mutual! what does it do bud? it customizes our home insurance so we only pay for what we need! and what did you get, mike? i got a bike. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ i'm a performer. always have been. and always will be.
4:22 pm
4:23 pm
4:24 pm
4:25 pm
the quote was the kind angels can triumph over evil forces and all this comes as beijing is placing sanctions on 28 trump officials, the former secretary of state, mike pompeo, among those on that list. let's get to edward lawrence with more on all this. edward? reporter: you know, connell the chinese may already be testing the new biden administration through this china sanction as you mentioned 28 members of the trump adminitration including secretary of state mike pompeo for moves that grave ly interfere with china's internal affairs. the sanctions extend to any company that works with them too , now senator john cotton, unloaded on china about this. he's calling for a swift response from president joe biden saying this is a day one assault on the independence of the new administration. >> they are a direct attack on the independence of u.s. policy toward china, and an attempt to blackmail the biden administration with personal, financial, ruin in the future, if they dare to stand up to the chinese communist party. reporter: and in a series of
4:26 pm
tweets that followed the sanctions the spokesperson for the chinese foreign ministry offered a threat towards the new team in the white house saying according to the data from the u.s. side, the trump adminitration took more than 3,900 distinct actions or in total, or 3 per day. unilateral sanctions are like a boomerang hurled out against another but will en ever itably come back to harm ones self. a spokesperson adds that china wants to return the relations to the right track. now we've heard president biden on the campaign trail say everything from china's not a threat to his desire to wait until he could rally u.s. allies against the chinese to take them on. well today, his press secretary reread a thinly-worded statement on the issue. listen. >> imposing these sanctions on inauguration day as they did in an attempt to play partisan divides americans of both parties should criticize this unproductive and cynical move and president biden looks forward to working with leaders in both parties to position america to outcompete china.
4:27 pm
reporter: the u.s. still has $360 billion in chinese influence under tariff, connell? connell: all right, we heard from jen saki there, but anything from the biden state department on all of this? >> yeah, we have an acting secretary of state now so no nothing yet but a former senior state official el tells us these have prepared sanctions against six chinese party officials and gave it to the biden administration to use just in case the chinese tried to do something, no word on if that is going to be put into action, it was just there on the table for them. back to you. connell: edward lawrence there on china let's bring dean chung in from the heritage foundation a research fellow on chinese political and security affairs and dean it's great to have you back on the show with us. how do you think, because it's never simple when you're dealing with the chinese government but how do you think they view president biden versus president
4:28 pm
trump? what do you think they think the differences are? >> well, from their point of view first off, anyone and anything is better than donald trump. donald trump really up ended the table the entire game board, so to speak. he imposed tariffs. he was willing talk to the taiwanese. he criticized china and these are all things that are china's perspective are fundamentally illegitimate. obviously, not from an american perspective but from beijing, so their hope is that joe biden is going to stop all of these programs, if for no other reason than donald trump supported them but they also have to remember that under barack obama where biden was vice president, there's a very mixed record. on the one hand, the obama administration put into so-called asia pivot, starting to pay more attention to asia but they also pretty much gave china a free hand in the south
4:29 pm
china sea, so it's going to be, so i think they are going forward cautiously but for them optimistically. connell: right because biden could use some of those old tactics that were being put in place at the end of the obama administration, especially and try to line up allies of the united states against china have them gang up on china which i think is probably a concern for them. i noticed that you picked up on the issue of the weger minority in the northwest part of china. the trump adminitration referred to the treatment of those people as a genecide on its way out the door. you're saying that the biden administration should not do the same? how do you suggest they handle that, because obviously everybody agrees what's happening there is a terrible thing. >> oh, i'm not suggesting that the biden administration should somehow change that determination. i'm saying the chinese are hoping that the biden administration will change that. now, i think that in fact, by declaring it on the way out on the one hand, the trump folks
4:30 pm
left biden with some of a problem here but a problem they can also exploit and point to this and say look if you don't improve the situation, we have a standing finding that you are committing genecide. this is also going to be something that plays to europe, which just signed an investment agreement with the chinese. there's a lot of controversy about it because it took no accountant slave labor, and again, a genecide finding is going to make it a lot harder for europe to just say hey, we're just here to make money. connell: right, so the trump adminitration may have done their the biden administration a favor on that if they use it correctly. where else? where would you start if you were president biden. what would you try to tackle first and maybe score some points if you think you have some goodwill here? how can you take advantage of that situation? >> i think that obviously one of the big issues is going to be cyber. if the chinese really want to make a gesture, they would hopefully be holding off on some of their massive amounts of
4:31 pm
cyber espionage. clearly, the chinese are going to want to see movement on making huawei more acceptable. i think that that's actually a very dangerous move and i think the biden administration could easily underscore that. the european economic deal they cut with the chinese is something that he needs to talk to the european allies because it's going to rally support and be a major obstacle because europeans are saying we want to make money and whatever china does, that's their business. that's going to be a real obstacle. connell: yeah, puts the u.s. in a tough spot and dean cheng, thank you from heritage, whole new world u.s. china relations, probably more important than ever, and all right let's get back to what we were talking about more states warn they're running out of doses of the vaccine. there's a new vaccine coming online soon that could turn against the fight against covid
4:32 pm
and in fact it's likely to be ready for approval within the next couple of weeks. details on that are coming your way, next plus speaking out for the first time, the former journalist sitting down for a first tv interview since revealing that she fell in love with a "most hated man in america." this is quite a story and then less than 24 hours from now, spacex launching its falcon 9 rocket from cape canaveral. the mission is labeled transport er one, the rideshare meaning the rocket will carry dozens of satellites from organizations ranging from spacex itself to the department of defense, and nasa, allowing them to split the cost with other customers. we'll be right back. (naj) at fisher investments, we do things differently and other money managers don't understand why. (money manager) because our way works great for us! (naj) but not for your clients. that's why we're a fiduciary, obligated to put clients first. (money manager) so, what do you provide? cookie cutter portfolios? (naj) nope, we tailor portfolios to our client's needs.
4:33 pm
(money manager) but you do sell investments that earn you high commissions, right? (naj) we don't have those. (money manager) so what's in it for you? (naj) our fees are structured so we do better when you do better. at fisher investments we're clearly different. hi, this is margaret your dell technologies advisor to listen, is to hear more than what's being said... and offer the answers that make someone feel truly heard. i understand, let's get started call a dell technologies advisor today. new advil dual action with acetaminophen i understand, let's get started fights pain in two ways. advil targets pain at the source... ...while acetaminophen blocks pain signals. the future of pain relief is here. new advil dual action.
4:36 pm
connell: our after the bell headlines iran's foreign minister is saying that president biden should rejoin the 2015 nuclear deal with iran. he stated that the u.s. can begin by removing all sanctions imposed during the trump adminitration and rejoin the deal without altering the already-negotiated terms. now we'll see how president biden handles this. he said if tehran resumes strict compliance to the 2015 deal the u.s. , indeed, would rejoin it. plus walmart preparing for the future wider vaccine rollout the company announcing its training thousands of pharmacists and techs building a new digital scheduling tool and partnering up with both state and federal agencies, while awaiting allocations.
4:37 pm
the company expects to be able to deliver 10 to 13 million doses per-month while supplies last. and united airlines ceo, scott k irby is considering making covid-19 vaccines mandatory for employees and i recognize it's controversial and i think the right thing to do is for united airlines and for other companies to require the vaccines, to make them mandatory. so a lot of companies are discussing that kind of thing at least. in the meantime the push to buy american. president biden will rollout a plan to expand government focus of u.s.-made goods some manufactures though, are worried , saying he may not be going far enough and gerri willis at cheryl manufacturing in new york, with more on the story for us today, gerri? gerri: hey, connell that's right we are at cheryl manufacturing and they are the one, the only remaining american maker of tableware like this , forks,
4:38 pm
knives, spoons and they market this under the name liberty tabletop, if you want to look it up online but i want to give you a sense of this place. stephanie here is looking at she will look at as many as 10,000 spoons, forks, knives a day, looking at them making sure there's no problem with them that they don't have any errors on them, there's no problem and she works thoroughly all day at this. i want to tell you though, a little history about the building. parts of it were built during the civil war and during the second world war, they made parts for jet engines here, so this place goes back a long, long way, and of course you know its been a lot of pressure on manufacturing, right? i've got here for you to meet is greg owens, the ceo of the company. and he wanted to address this idea of whether biden will go far enough. what do you make of that? there are critics saying that biden won't go far enough with this nude made in america program. >> well, coming out of an election cycle of course it's all about political rhetoric and
4:39 pm
it's interesting to see how much of that rhetoric actually turns into reality, but the people that we're talking to in the trade organizations that we work with, that are really plugged into individuals that have been in washington for many years, the post- election things that we're hearing, give us cause for optimism, that we're not going back to the way it was before, we're going to move forward, and build back better as they're saying so we're optimistic that's going to happen but remember the entire success of this is also dependent on the american public and we talked a little bit about patriotic purchasing. the covid checks are coming out and are we going to spend that money on american-made products or are we sending the money to china? gerri: it's really your choice, right? but i think it's a great point that americans here can really make the difference when it comes to people like you, american made makers, greg thank you so much for that, i just want to tell you that part of
4:40 pm
biden's plan apparently tax credit is possible for people who refurbish manufacturing facilities just like this one, and possibly, higher taxes for people who are sending stuff overseas to be made, so if you're offshoring jobs you could get hit by higher taxes. connell? connell: really interesting take on all of this important stuff, gerri thank you. gerri with for us today. we also have focus on environmental issues from the new administrations, in fact the move by the biden administration that's raising some new concerns in the business community about a spike in energy prices. more on that today from jackie. reporter: connell, good afternoon well america's energy market is about to be up ended and consumers need to brace for higher energy costs not only in their homes but pain at the pump and this is essentially a tax. there's no other way to look at it. now part of president trump's america first plan was to make the u.s. energy independent. it happened for the first time america was producing more oil
4:41 pm
than saudi arabia, more oil than russia, but president biden he's got a new plan and signed an executive order reverse the keystone pipeline and he wants reverse some of the deregulation that made drill ing and transport of oil & gas easier. he wants to transition to alternative energy sources saying that there are enough jobs, high-paying jobs, in that field, to transition oil & gas workers. listen. >> this idea that you stop oil lines and gas lines, coal, et cetera, is somehow going to help people. it's really not in the end. you push opportunity oversee, you push jobs overseas, you push wealth overseas, you push revenue overseas, and you jackup the cost of energy for poor people. makes no sense across-the-board. reporter: so, through fracking, connell, we found energy sources that we never thought existed before, but without pipelines to move the resources around, i always say, it's irrelevant no matt r what's under the ground and we also secured our place in
4:42 pm
the energy industry within the world a pivotal step in national security that's made us stronger against the nations that have threatened us so we're looking at oil right now around $50 a barrel. people are saying energy experts , it could go back to that $100 mark, or higher, and again, the consumer is going to have to pay for that. connell: yeah, we did last time while we were up there and gas prices, jackie, thank you. jackie, we have a thank you, the nfl announcing it's giving free super bowl tickets out to 7,500 vaccinated healthcare workers, picks from all 32 nfl teams cities. now the super bowl will include mandatory wearing of masks, there's social distancing and a touchless concession stand and then the attendance for the game february 7 in tampa will be cap ped off at 22000 fans this year. stick around, we'll be right back.
4:43 pm
our retirement plan with voya, keeps us moving forward. hey, kevin! hey, guys! they have customized solutions to help our family's special needs... giving us confidence in our future ...and in kevin's. voya. well planned. well invested. well protected. my body is truly powerful. i have the power to lower my a1c. because my body can still make its own insulin. and trulicity activates my body to release it, lowering my blood sugar from the first dose. once-weekly trulicity responds when my body needs it, 24/7. trulicity is for type 2 diabetes. it's not insulin. it isn't for people with type 1 diabetes. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2.
4:44 pm
stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, changes in vision, or diabetic retinopathy. serious side effects may include pancreatitis. taking trulicity with sulfonylurea or insulin raises low blood sugar risk. side effects include indigestion, fatigue, belly pain, decreased appetite, nausea, diarrhea, and vomiting which can lead to dehydration and may worsen kidney problems. i have it within me to lower my a1c. ask your doctor about trulicity. are you frustrated with your weight and health? it's time for aerotrainer, a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time, all while maintaining safe, correct form. aerotrainer's unique design allows for over 20 exercises
4:45 pm
for a total body workout. plus, you can easily transition from one exercise to the next. want tighter abs and a stronger back to help relieve pain? do the aerotrainer super crunch. the pre-stretch works your abs even harder, engaging the entire core. then it's the back extension, super rock, and lower back traction stretch to take the pressure off your spine and stretch muscles. planks are the ultimate total body exercise. start with a wall plank and progress with maximum muscle activation with comfort. work your lower body with the aerosquat or advanced super squat, all while in a safe, ergonomically correct position for maximum results. build your upper body with pushups. aerotrainer is perfect for bridges and total glute workout. (host) need to reduce stress? just stretch and breathe. (announcer) plus, it's a great platform to enhance yoga and pilates moves, even increase flexibility and reduce back pain for golfers. the aerotrainer is tested to support over 500 pounds.
4:46 pm
train hard, because aerotrainer can take it. it inflates and deflates in less than 30 seconds using the electric pump. aerotrainer works for families, beginners, and athletes. use it anywhere. even strengthen your core while watching tv. head to aerotrainer.com now. aerotrainer's unique design allows for over 20 exercises for a total body workout, all while maintaining safe, correct form. now it's your turn to lose weight, look great, and be healthy. get off the floor and get on the aerotrainer. go to aerotrainer.com, that's a-e-r-o-trainer.com. connell: all right, let's get to this one dose covid-19 vaccine that's getting a lot of buzz here from johnson & johnson and it's expected to release research data on its study later this month, and hopes to have a ton of doses on the market very
4:47 pm
soon. i want to bring in dr. mark mccl ellan, duke university center for health policies on the j& j board and we keep hear ing 100 million shots in 100 days from president biden. how much can johnson & johnson contribute? >> well at first, connell, the j & j vaccine needs to prove it works under the very rigourous clinical trials going on now in the u.s. and elsewhere in the world. we should know the answer to that pretty soon, it's up to the independent scientists that are overseeing that trial and reviewing the results. when that happens, if the news is good, then, the vaccine will still have to go through that emergency authorization process with the fda, that will take, would take a little bit of time, and then additional doses would start being available, but if you look ahead, we are expecting somewhere on the order of 100 million doses from pfizer, 100 million doses from moderna in the first quarter or there abouts, j & j coming in
4:48 pm
over the next three months as well, and that's a couple hundred million americans who could be vaccinated in the coming months, so that's a lot more vaccines than we've been able to distribute so far. we're seeing vaccination numbers go up, averaging close to or over 900,000 vaccines per day now, i hope that number can continue to increase in the near future. connell: right and if everything does go as you said, you know everything goes as planned presumably for j & j, the number of vaccines johnson & johnson can rollout is how many in what type of timeframe do you think what's realistic? >> connell another 100 million doses and since it's one dose for an entire core, so it's a one dose vaccine. it's 100 million americans, over the coming months, definitely by the spring of this year, so first and second quarter it'll add significantly to the capacity we have now.
4:49 pm
as you know, there's another vaccine from astrazeneca that's also in advanced testing, has already been approved in other parts of the world which can add to that vaccine supply too, so expecting the numbers to increase this quarter and then a lot in the second quarter of 2021. connell: all right welcome news, obviously. we've had some issues with the rollout as you know. what's your kind of diagnosis of what those issues are and the new president says that you need a stronger federal hand, i think, than the previous administration wants to get more involved. is that a good idea? is that what the problem is, is it something else or just to the points you're already making we need to get more vaccines out there and they're coming? >> yeah, we need to get more vaccines in arms. right now, we're probably distributing close to, we're probably getting a significant number of doses done per day, but at 900,000 per day, that's short of the vaccine that's being supplied now. that's probably running more
4:50 pm
like eight or 9 million doses per week, so we need to get that shots in arm up. there's a lot of variation across the country in that that suggests that more federal help and support could make a difference. the states that are doing the best job are mobilizing resources that they have on the ground right now. they're national guard, healthcare workers who are not busy responding to the pandemic, that is people are not in hospitals, pharmacies, pharmacies have been very important in places like west virginia, to get nursing home residents vaccinated quickly. so, we're having an uneven response so far, but i think that can increase and improve that response. in addition, there may be some steps that the federal government can take in the short-term to help throughput for the vaccine, and the vaccines are complicated to manufacture. it takes a while but connell, there are a lot of other associated steps, like filling the vials and finishing them, like getting, making sure they are enough syringes available
4:51 pm
where the federal government could probably provide more help in the short-term. connell: okay, a couple other things one is on the vaccines that are already on the market from pfizer and moderna. we're making a big deal, i think understandably that this j & j vaccine will be one dose so a lot of people are excited about that, those obviously are not. what do you say to people about when they need to get that second shot? i think it's a real practical question a lot of people are asking right now and i've heard different things but i think it depends on the vaccine 21 or 28 days but what and some of these states i know new york it's tough, if you make an appointment people start to get nervous, is this going to be okay if i can't get the second shot, what do you know about that in terms of the window? >> first, it's an area where there is some room for improvement and the federal government could help in providing some more accurate projections to say how many doses they get from week to week knowing that it is a complicated process and there are some bumps but in addition to that getting
4:52 pm
better scheduling systems in place, just dialing up and trying to do this over the system isn't going to be adequate. all that said, i think there's a lot of evidence from other vaccines that if you don't follow that schedule exactly, 21 days for pfizer, 28 days for moderna, that's okay. many vaccines that take two doses are given a couple of months apart. the cdc's guidance now is that waiting up to six weeks or so is okay, so, we should try to aim for those goals, 21 and 28 days but if we don't exactly get those that's okay, and hopefully we're going to have improved scheduling, improved predictability and will make sure that people can get those doses close enough to on time. connell: all right, well that's also reassuring because it's difficult as you said to get these appointments. it's refreshing and they disappear and people start to get nervous. all right we'll have you back again soon, always appreciate it
4:53 pm
dr. mark mcclellan with us today , the j & j vaccine rolling pretty soon. coming up, next, this is some story a former journalist who ended up falling in love with the guy they called the pharma pro. we actually have an interview with her, stick around, coming up, next. idea for a trade. oh yeah, you going to place it? not until i'm sure. why don't you call td ameritrade for a strategy gut check? what's that? you run it by an expert, you talk about the risk and potential profit and loss. could've used that before i hired my interior decorator. voila! maybe a couple throw pillows would help. get a strategy gut check from our trade desk. ♪♪ there are many names for enthusiast. but there's only one way to become one... by going all in. the new lexus is. with a lower center of gravity,
4:54 pm
a more responsive suspension, and an aggressive wider stance. this is what we call going all in on the sport sedan. lease the 2021 is 300 for $359 a month for 39 months. experience amazing at your lexus dealer. i had shingles. horrible. a young thing like me? actually anyone 50 or over is at increased risk for shingles. the pain, the burning! my husband had to do everything for weeks. and the thing is, there's nothing you can do about it! well, shingles can be prevented. shingles can be whaaat? prevented. you can get vaccinated. frank! they have shingles vaccines! whaaat? that's what i said. we're taking you to the doctor. not going through that again. you can also get it from your pharmacist! 50 years or older get vaccinated for shingles now.
4:57 pm
connell: they seem like, you know, the most unlikely duo, yet christy smythe, who's a former journalist, is still stand thing by martin shkreli, also known as the pharma bro. >> yeah, christy smythe certainly made headlines in an article published last are month in elle magazine that was all the buzz. and in her first tv interview with us, she tells us she still loves him and hopes she'll have a future with him. >> he was the villain everybody hated. >> reporter: christy smythe
4:58 pm
was one of the appropriators who broke the -- appropriators who broke the story of martin shkreli's arrest in 2015. she says shkreli is simply misunderstood. smythe, who was married at the time, says her marriage was already having difficulties, and her attention to shkreli only made things worse. but she says she didn't cross the line when it came to covering him. her former employer disagrees. in a statement, a bloomberg news spokesperson says in part: this conduct was not consistent with expectations for a bloomberg journalist. >> after i left my job at bloomberg and i was kind of on the way out with my husband -- my ex-husband, we were planning to split up, i visited martin in prison, and i just simply told him that i loved him. >> reporter: and what was his reaction? >> he said that he loved me too. >> reporter: the two briefly
4:59 pm
stopped speaking but seem to have patched things up since the article was published. as for the negative reactions to her telling her story, she says she has no regrets. what do you say to people who say you've been brainwashed, he's using you, he's manipulated you? >> you don't know what you're talking about. you don't know me and what an incredibly willful and independent person i have been since childhood, and you don't know martin. martin is not a brilliant manipulator. >> reporter: now, we attempted to reach shkreli through his attorney, ben brothman, who declined to answer any questions about his client's relationships or the case. shkreli is scheduled to be released in 2023. so love will have to wait. connell? connell: yeah, it's -- wow. some story in so many ways. i remember reading the article, but interesting to see the interview. laura ingle there. i covered that trial for a few days back in 2015, and that was
5:00 pm
something of an experience in and of itself as well. so we wrap up the week, thanks for joining us as we've reported the news to you all week long, and we will see you back here on monday afternoon on "after the bell." i'm connell mcshane in new york. have a great weekend, everybody, we'll see you monday. ♪ ♪ lou: good evening, everybody. i guess the question of the evening is, are we having fun yet? republican leaders have made the irreversible mistake of lining up with the radical dems to once again falsely impeach the president of the united states. the republicans dutifully buying into the left-wing narrative of the democrats. >> the mob was fed lies. they were provoked by the president and other powerful people. and they tried to use fear and violence to stop a specific proceeding of the first branch
71 Views
IN COLLECTIONS
FOX BusinessUploaded by TV Archive on
