♪. stuart: you're hooking at a rally for the major indicators. look at nasdaq please, up 250 points. nearly 2%. game stop is down 19%. jackie deangelis it is yours. neil: i'm jackie deangelis in for neil cavuto. what traders and lawmakers are targeting did. students didn't head back to classes. the northeast getting clobbered with show. the snow snarling everything from outdoor dining in new york city to the vaccine rollout. multiple states.

our top story today. the reddit army strikes again. jackie: these on line traders credited pushing silver to an eight-year high. as robinhood continues to restrict stock trades narrowing to eight specific stocks. kristina partsinevelos with the latest on this. reporter: jackie, you know robinhood is caught in the middle of this as well as a lot of trading apps. this is seen as a gateway for millions of investors into the stock market. unfortunately they are still restricting trades and that has users furious. look at heavily shorted stocks, gamestop, blackberry, nokia, amc the vast majority are in the red with the exception of amc. some are attributing some of that sell off to the restrictions coming from the likes of robinhood for example. so the they're restricting number of shares you can buy at the moment. robin hood says they're doing that because of market volatility as well. they need to keep their deposits

up for their clearing houses. that is some of the reasons. but lawmakers on both sides of the aisle are raising their eyebrows calling for broader review from the securities & exchange commission. >> they need a broader look at how companies, how hedge funds manipulate the market. then they need to put walls in plies to stop it and grow a backbone to enforce those rules. we need a market that is transparent, that's level and that is open to individual investors. it is time for the sec to get off their duffs and do their jobs. reporter: she just mentioned hedge funds. hedge funds took bets on a lot of these stocks they would fall. since january 1st, those hedge funds have lost over $6 billion. it is not stopping here with gamestop. it is continuing. the short squeeze is moving on to other shares as well as commodities like silver. so we're starting to see a

silver squeeze. jackie, you mentioned that before. spot silver hit a eight-year high and moving on to silver miners and etfs. it is heavily shorted. it is not ending a anytime soon. there is a lot of volatility. the concern whether individual investors will have to sell long positions to create cash. that could creature moyle in broader markets. jackie: kristina,er volatility is alive and well but markets reacting better than they did on friday. we'll watch it throughout the show. the stocks are up today, given wild swings over the last seven days, there are concerns rising whether the market bubble could be ready to burst here. let's bring in market watchers francis newton stacy and brian wesbury. good to see you both. francis, we'll start with you. a article in the "wall street journal."

they surveyed money managers and 90% think we're in a bubble. >> certainly we're overbought. markets can remains rational than we can remain solvent is the quintessential. we had higher low from january the 4th. so far it is holding that says that markets will continue. even though volatility in equities with reddit and gamestop, all of that, the u.s. dollar was only really up .4 of a percent f it was really like the end of the world would see a uptick in the u.s. dollar. we're looking to inflation for those of us investors looking at a wider picture. commodities were up last week. corn up 9.3%. lumber up 11.4%. we're looking at inflation moving forward which supports equity prices until you have problems in the credit markets

which probably won't happen until after the second quarter. jackie: brian, we're looking two sides of a story here. there is always two sides of a trade as well. those people say things are dicey, very volatile out there because of action we're seeing for example in stocks like gamestop and some its peers as well that were left for dead but others are saying, nope, there is a lot of things coming down the pike there is stimulus. you have a great earnings season in gear. you have fundamentals of the economy. they're strong and recovering. >> jackie i will agree with everything you just said. these short squeezes that affected the market they are not sign of a broad-based bubble. if you look at earnings forecasts for this year, we're going to set a record for the s&p 500. interest rates are extremely low, even though i do expect rates, longer rates to go up but they're really low. you have to discount earnings at those low rates. what that tells me is that the

market is actually undervalued today. to go along with the things you just said we do have stimulus. the fed is buying bonds and printing money like crazy. the m-2 measure of money which is what milton friedman told me to watch is up 27% in the past year. when you have that kind of money growth, this is where i do agree with francis, you will have inflation. so these, this increase in commodity prices that we're seeing. it's perfectly predictable. that's what happens when you print this much money. jackie: you bring up a great point because we're watching silver very closely. we're saying this is the advance of the gamestop store riff. there was large short positions in silver, reddit, retail investors buying up the commodity. but you can make the argument like brian said. other reasons they are going higher. inflation piece. and i reported on this last week

it is an alternative energy play. silver is major component in electric vehicles and solar panels. a lot of these things the biden administration saying it wants to push forward. you can look at some of these trades, maybe there are some solid fundamentals behind them? >> well there are certainly fundamentals behind the legitimate reopening and some pent-up demand potentially but the thing is when you want to see when the bubble is going to burst it is definitely what brian is saying about the discounted cash flow which when interest rates continue higher they will eventually affect valuations because that is going, you're going to discount it more as interest rates move higher. so we'll look for the bubble to burst then. for now, we're looking at the biden administration supporting silver. yes of course, you will see an uptick there. that will probably last longer than any kind of reddit phase. stuart: brian, give the final word to you, talk about the administration and policies expecting. president biden meeting with

some gop lawmakers today. do you think less executive order issuing and more bipartisanship and that will bring the market to a place where they think at least washington is headed in the right direction? >> that's that's a great questi, jackie. i want to focus one second on francis' point, when long-term rates, we use the 10-year treasury as our discount interest rate in our model. we could use any interest rate but that is the one we use and, with the fed locking short-term rates down, they're keeping the yield curve down. so yes, eventually long-term rate's will go up but i don't see it happening anytime in the next 12 to 18 months. as far as politics, you can only do so many executive orders. there are only some things you can do. eventually you have to go to congress, the real question are they going to play between the 40s, in the middle of the field? my belief that in the end they have to.

so we won't get a full $1.9 trillion stimulus. it will be something smaller and so i do believe that these politicians will, they're going to play in the middle of the field eventually. executive orders are one thing but you have to stop that at some point. jackie: we shall see. francis, brian, great to have you both. thank you so much. stay warm ands cozy today. meantime the gamestop saga and robinhood catching attention of lawmakers in washington. robinhood is preparing to fend off several lawsuits over its restrictions. a attorney that specializes in securities. wow, this story has so many pieces to it. from the regulatory side people say they need to go after the short sellers, that they are the ones manipulating the market. the little guys who end up getting burned as well. the sec isn't doing anything because nothing here is illegal?

>> yeah, that is absolutely right, jackie. thanks for having me on. i haven't seen evidence of market manipulation just yet. investigators will see whether investors were trying to create an appearance of artificial demand for the purpose of raising the price, right? is someone intentionally seeking to create an appearance that is fictitious or that isn't bonafide and it is not at all clear that has happened. we see lots of chat room comments in reddit that we probably don't like but that doesn't mean they violate the securities laws. gme -- jackie: you bring up a great point. the sec has said they're watching it. it is up to the exchanges to

regulate trading activity. gamestop, we saw the halt on the stock today. many people believe this should be sort of regulated. what is interesting, you have got aocs, you've got elizabeth warren, saying the sec needs to do its job. it needs to regulate what is going on here. if the little guy does need his or her opportunity to be in this trade. but, bob, there will be a point, we've seen this story before someone is left holding the bag and it is probably going to be one of those little guys. do they come back and cry foul, say, oh, the system was rigged against us? >> they sure do and listen, i think that robinhood and other firms that are shutting their clients have done something wrong. fair access is tremendously important. it has long been a priority of regulators. it is not achieved when brokerage firmsp unilaterally restrict their customers from trading in names that are

trading freely on a public exchange, and haven't been halted. that's not fair access. denying access to the market, to a class of investors is not fair. you can be sure that isn't going to happen to the big players in the markets who will get their trades executed. jackie: yeah. so much to watch here. we really appreciate your insight and your perspective as well. bob frenchman. great to see you today. coming up chicago's teachers on the verge of a strike as the school system called off in-person classes today. are hear from parents who say that schools can and should open ♪.

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work, and i hate to even go there, but we're going to have to take action. jackie: well the standoff in chicago continues. chicago mayor lori lightfoot there, ordering teachers to return to the classroom this week despite no deal with the teachers union. correspondent mike tobin is in chicago with the latest there. mike. reporter: jackie, there are many, many parents who are hoping to get their sons and daughters back in the classroom today for a host of different reasons. they will have to wait a while longer. in-person learning was suppose towed resume here in chicago but without an agreement between the teachers union and chicago public schools, notification was sent out by the public school system telling parents they could not guarranty teachers would show up, so classes were canceled. to make it worse, the whole system teeters on a teachers strike. she said those that don't show up they will be considered

absent without leave. he said that if teachers don't showed up today they will lose ability to teach remotely. >> teachers that fail to report to school tomorrow, will have access to google suites tomorrow cut off at the end. business day. reporter: the city said $100 million has been spent on ventilation, face masks and negotiations is making progress. the chicago teachers union continue to add points that don't have anything to do with safety. city negotiators sat on a zoom call and teachers shoed them up. catholic schools, charter schools, suburban schools are back in class and they're tired of kids doing remote learning. >> there is way to have the schools open and open safely. the children see that. they don't understand why the teachers don't want to come back to the table to negotiate and get schools to open. reporter: moaning the demands from the teachers are special consideration for someone who may be taking care of an elderly

or at risk person at home. one of the vice presidents of the chicago teachers union dismissed the notion of a strike saying the only s word they're concerned with is safety. jackie. jackie: mike tobin, thank you so much for that report. the cdc of course does have guidelines for safely reopening schools, many of which are being followed. what happened to following the science? "wall street journal" editorial board member bill mcgurn where all this is going. obviously, bill, they say their main concern is safety. a lot of safety measures have been put in place s there asking else going on here with respect why they don't want to come back to work? >> politics is never let a crisis go to waste. remember, joe biden, when he was campaigning talking about lockdowns, he said, you know, if the advisors, scientists told me to lock it all up, i would. the question whether he will open it all up when they say it is okay. we've known this for sometime.

the cdc is now saying we should be getting kids black in school because the classroom is not really the big spreader of covid and so forth but we knew this before from some of the charter schools and catholic schools. i'm whiting my column tonight on the catholic schools. it is amazing wherever they're allowed to open they open. they manage to show you can keep learning going. you can keep covid at bay. so this is just, just politics. it is astonishing that almost a year into covid and so forth, the lockdowns, that the teachers unions are still resisting. they really dislike these catholic schools and other private schools that open because they show you can open, and you can battle covid at the same time. jackie: they're making them look bad essentially. it sort of reminds me what is happening here in new york city for example with indoor dining. you really can't find the evidence or data to show that the spread of the virus is really coming from that dining. as a matter of fact, we're seeing the virus spread plenty

as restaurants are closed. you say to yourself if you can reopen safely, why wouldn't you want to? why wouldn't these teachers want to bring their students back into the classroom? we know how much the children are suffering as a result of being at home. their parents are suffering because they can't go back to work. this just perpetuates the entire problem. >> well, the real power in the public school system belongs to the teachers unions as you see. even bill de blasio, mr. progressive has had huge troubles with the teachers unions. he is talking about reopening the schools. i agree reopening restaurants is a big deal but restaurants i think will be reopened a lot longer than the schools. he is talking about september now. you think of the impact as you mentioned, jackie, like ordinary families, like if you're a family of four, mother, father, you're a working mother in new york, and your eight-year-old and 10-year-old are studying remotely, not in

class, how do you go to work? it is just extraordinary. jackie: i don't know. >> people are seeing, i think people are seeing that the public school systems in the big cities especially do not put kids first. they leave parents with very, very few options when that happens. you know, they're just stuck. jackie: i will tell you anecdotally my friends with children here in the city, they're all working at home, they're trying to make sure the kids stay on the remote learning schedules. they're pulling their hair out literally. one of the things i said, i don't have children during this crisis i'm happy that i don't because i can take care of myself and do what i need to do. but when you have the extra responsibility, it just becomes very, have he challenging. and the schools opening can not oy oelpit t ctpef ofhe pch pogchicolog asctasfctasctctt,t,t, the the to l o lfotid relynch sls t t t tgetge tir tir mls m m a a a the n.n. re tse out out o tre it i a pul p vw, thew, she say t teachersre bicalasic jlytus ngal blingau tauy'he gti paid athihioint t dotng

le l i erth iers i no nore nur o tn tn ai aokheheri pte p soo soo s ooo s thcaicic schoo slsch. 100 of thef t wtututf o businusn they dthon't get any tui ton one i payinguion foror n classes.se so lfhem heufre no in recin rt month ms p meo pe mt eh catholiho schchch becsese if you're looking for a place to put your child but a lot of people can't afford it, especially if they have more than one child. so our system is just not based on accommodating the needs of the customers, the students and the parents. it is the people that run it. again largely the teachers unions. so you have even progressive mayors like lori lightfoot and bill de blasio pulling out their own hair. jackie: that is interesting to see. >> get these people, and also the ones that do open, you know, like my daughter is in a catholic high school. right now they're at home because someone tested for covid among the religious sisters who

run it. jackie: yeah. >> but they will be back in classroom. they have to do a lot of things. the kids basically eat one kid per table. not like you go in with business as usual. i salute them. jackie: the point they want to get them back as soon as they can. that is the bigger point. that's the oil. this is the ongoing saga to watch. bill mcgurn, great to see you as always. thank you. coming up the fallout from the cancellation of the keystone pipe line to project. alicia acuna is in nebraska with a preview on that. alicia. reporter: hi, jackie. as we hear about the 11 thousands jobs lost when the keystone xl was shut down but what does that look like in the places these folks live? we'll show you when we come back. ♪

jackie: welcome back. 11,000 oil and gas workers losing their job with the cancellation of the keystone pipeline project but these

workers are being told they can find something else in clean energy. one laid off worker says it is harder than you think. >> you're one of the people impacted by the administration's climate policies. where are these jobs? >> well, these jobs are, they're nonexistent in the united states. they're offering, you can get retraining, stuff like that, go down to walmart or the grocery stores right now and they will give you a job that is not even a third, less than a quarter of what i was making. jackie: alicia acuna is in dorchester, nebraska with more on this story. alicia. reporter: hi, jackie. we are in the center of the village of dorchester. 600 people live here and i want to show you something that was shot just from up the block here. this is a field of pipes intended for the keystone pipeline xl and they are being stored this way. this is where they will stay. it is a reminder to folks here that the economic gains expected

from the pipeline are now gone. work was underway on the keystone xl which was set to route from alberta through montana and midwest. this project provided jobs in small towns along the way. many workers constructing it with decades experience making six figure incomes now unemployed. rich olsen, a truck driver, fears his diesel costs go up which will increase many commodities. he said small town america is hit the hardest. >> you get a small town with x-amount of people that make huge money, they will spend huge money there also they don't have money to spend they will quit spending and it is going to affect that town a lot more than a town with a bigger population. reporter: pipeline opposition is elated by president biden's decision to shut it down, farmers, ranchers, native-american tribes came together to decry imminent

domain threats and what a possible line break would mean. >> knowing what that would mean should a pipe break in one of those locations, hough detrimental to us living down river. all of us living down river. i think the safety issue, it may be better but it's not foolproof. >> this is the safest way to move oil. i mean, there is 20,000 miles of pipeline already in nebraska that does this. if you truly are worried about the environment you want to see oil moving this waiver sus another way. reporter: jackie, one point i want to make that gets missed quite a bit. here in nebraska 27 construction jobs are lost. however the effect goes far beyond that. talking to governor pete ricketts here in nebraska he explains the, property tax relief that they would receive with a contract with it. c energy was worth about

$12 million to the counties here. that is money that will not go to infrastructure projects, for roads and bridges and thinks like that. you covered this story. you understand. the folks here say they don't feel like they're being heard in washington. jackie. jackie: that is so interesting. that point you bring up. when president trump went forward to the keystone pipeline i went to steel city, a population of 100 there. i talked to folks on the ground. they were not only excited for jobs that would work on the pipeline specifically but what 2 would do for communities and towns with respect to opening restaurants and hotels, bringing people to that area. there is a action effect too. reporter: absolutely. in talking to one hotel manager in create, nebraska, just up the road here, they had a contract for workers to come in. they had their hotel sold out. that contract is now gone. those rooms are now empty. like a pebble hitting the water,

it keeps rippling out. the fact of the matter this impact will last years. this isn't a moment in time where there is job loss and some folks go on unemployment. this is something that will be sustained and that is what folks here believe that the biden administration is missing on this. jackie: oh, absolutely. these communities will be hit hard by it. alicia acuna thank you so much for the report. we appreciate it. energy companies contending with falling oil prices. we have the pandemic and massive regulations from president biden's green agenda. now "the wall street journal" is reporting that two energy giants, exxon, chevron talked about a possible merger. with all these disruptions are the job losses just the beginning? back with our panel now. france sis, i will go straight to you. you think about two massive oil behemoths, talking about a merger like that, that is not something we thought we would hear before but consolidation within the industry, that is what happens. >> sort of the airline model.

when airlines went through tough times and things like that, they bought each other up. it will be about 44% of these combined ticker symbols in the xle, which is the most common etf for energy plays. there is huge market share, market cap moving to 350 billion with these two if they combine. already getting a political commentary about potential antitrust laws but as a relative sizing point, there are tech companies between 1 1/2 and two trillion. it is kind of an interesting conversation. this is way to insure against downturns because those stock prices have not recovered from the covid fall and the rest of market otherwise has. jackie: apologize, brian. want to go in with you. we came in with the sound bite, somebody talking about the job losses. they're not so easy to replace these jobs. you don't wave a wand, somebody who has been a pipeline worker or energy industry or a coal miner, that they can all of a sudden work on alternative

energy projects. there is training that is involved. you also see a lot of these workers are on older edge of the spectrum. so they have to relearn all these kind of skills. >> right. jackie: companies want to tend to higher younger people to do things. it is not as simple as john kerry says it is for example. >> absolutely not, jackie. you know, that's the thing, when government directs where resources go 2 creates massive problems and it actually harms people. like we're all for clean energy. we all want it to happen. that would be great but, even, even putting in a huge acceleration in the, in the, in the cost reduction for clean energy, we still need fossil fuels. so we want it to be the safest way we can deliver which would be a pipeline. we also don't want to destroy jobs as this process is happening. let it happen naturally.

and that is why these 2:00 companies were talking about getting together. there was also another issue too. back in march and april last year when we shut the economy down, we cut gasoline usage by 60%. that, most of that has come back now. the price of oil went from about $60 a barrel to less than 30. it's now back up over 50. i think they talked earlier, in the middle of last year about getting together. i would say the odds of this happening now are a lot smaller. jackie: yeah. we'll be watching this one closely too. you can see gas prices there will continue to rise as we see crude oil at $53.09. still ahead on the show, breaking news on robinhood and what the gamestop drama means for the company's planned ipo. we'll talk about that ♪

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♪. jackie: back to our top story. robinhood ceo refuting any type of hedge fund conspiracy theory. the company is fighting to stay on its feet. charlie gasparino has the latest own the company's future. charlie, they're saying it was all about the volatility we saw. we needed to raise capital to make sure we could cover the trades. >> i will address that in a second. get to breaking news. we can go into some of mechanics that essentially forced them to lock out trading or at least selling, buying stock of gamestop and a few others. here is what we do know from people inside of robinhood, the plans for an ipo, they were planning to go public sometime this year amid massive growth of users that they have had. they started at one million

users and, by the summer they were at 13 million. i don't know the exact number right now but you, that type of exponential growth fuels ipo chatter. they were considering an ipo sometime this year. from what i understand it has been put on hold, put off, put on hold. maybe this is dog bites man story but they are focusing on the issue at hand, not an ipo but surviving the next couple of weeks which is put a pretty immense strain on this company in terms of capital and the ability to settle massive amounts of trades. we should point out that robinhood is not as big as a morgan stanley or a goldman sachs or merrill lynch which is under the umbrella of bank of america which has access to gazillions of dollars of capital. it is an app, it's a broker-dealer but it's a smallish one. here is exactly what happened. i will tell you can fault the company, you can fault, not

planning well but the conspiracy theory is absurd and here's why. on wednesday of last week they had to put up capital, something like $200 million to settle trades. when the influx of trading began with gamestop and, don't hold me to, hold me on the exact days but, follow my logic here and my reporting. when the influx of trading came in dtcc, which, which must clear all trades in the markets came out and said, no, no. we're charging you more to handle these trades, about 3 or 4 times as much. that is where the capital level came into play. so what they did was, that is when they were essentially forced, before raised capital, they were forced to stop the selling, excuse me, the buying of these shares. you can still sell them. you just can't buy them. that is exactly what happened. that is why they waited to thursday or friday, i can't remember when they raised a

billion dollars, i think it was friday to raise the money. because their up charge from dtcc came later in the week and that's what forced them, a, to stop trading those stocks or at least trading one side of it. you can still sell, you couldn't buy. that forced them to raise money. they have raised more money to try to tell the market that it has investors. they're planning for a bumpy road ahead. this is very serious situation for robinhood. it is a great business model. it has huge growing pains we're seeing it right now. jackie: yeah. >> from what i'm hearing ipo internally, they're putting that off the broad talk of it. they were moving forward potentially sometime this year. i'm sure they engaged investment bankers. but that is off until they get to this point. listen, if you talk to them internally, they think they have enough money and got enough

capital but people are still saying this is pa difficult situation to get through but the whole notion of a conspiracy theory they went out this to stop trading of stocks to help buddies on wall street is, is absurd on some levels including, including what we do know about the dtcc and how they up charged the settlement capital requirements. just on that level of concern. jackie: charlie, the ceo is getting out there. he wants to make sure that messaging is out there so people understand what happened. even if you put the ipo off they want to make sure from a pr standpoint people don't think they were doing something nefarious and it's also interesting in light of after the pandemic or when the pandemic started they were seen sort of this success story, this win story because they were seeing so much trading activity. they're trying to manage the black eye there. >> well, yes, listen they were up against elon musk who somehow

hates robinhood. i don't know exactly know why. the guy from barstool sports turned this into a class warfare argument. rush limbaugh turned it into the class warfare argument. crazy peter navarro did the same. they were up against forces, some political, some just inventing outrage. it became kind of the fact they were in bed with wall street if you look at the facts it comes off as a sort of a tinfoil hat meme. just let's be real clear here, why would they be looking to help ken griffin who put an investment in melvin when ken griffin executes its trades? ken griffin wants to execute and wants their order flow so he can make more money. the more order flow the more money he makes selling those trades. the whole thing is a joke. it is tinfoil time. the problem i think that

robinhood had from a pr standpoint they waited too long to get the logic out there. there is a lot of logic here on their side. jackie: interesting. >> by the way, i was among the first people to criticize them. i wrote a column this summer which they were going to light the fire on a bubble. so you know, i'm not exactly, i'm not in their back pocket. i'm being clear here as a reporter, facts are on their side. jackie: charlie gasparino, you tell it how it is. that is what we love about you. thanks, good to see you. meanwhile 10 republican senators meeting with president biden offering to work with the white house on a coronavirus virus relief deal. they offered their own plan and democrats say they can pass it on their own. correspondent chad pergram has got the latest. reporter: good afternoon, jackie this white house meeting starts at 5:00. you have 10 republican senators who put together their own coronavirus proposal. let's talk about the math.

as we always say it always boils down to the math. you have 50 democratic senators. so you need 10 republicans to break a filibuster. you need 60 votes to break the filibuster in the united states senate. otherwise if you don't kill the filibuster, of to go it alone. the only with to do it, here is vocabulary term, budget reconciliation. >> reconciliation is becoming hail mary for the party in power f you can't get the other party to get to a compromise that you can accept this is where they go. so it is's fourth quarter you look for reconciliation, and they will try to jam it through. reporter: no filibusters allowed on reconciliation. democrats used reconciliation to bass obamacare in 2010. republicans used reconciliation to pass tax reform in 2017. the gang of 10 republican plan clocks in $618 billion.

160 about the of that goes to testing and vaccine distribution t provides $1000 in direct payments. gop arkansas senator tom cotton is not part of that group but republicans demand a bill which is narrow. >> let's make sure this relief is targeted. let's get it to people still in need, out of work, can't get hours they need. obviously our vaccine distribution could use a little more support as well. reporter: this is why this is sew perillous for democrats. patrick leahy democratic senator from vermont went to the hospital for tests. he is okay. mark warner, the democratic senator from virginia he is in quarantine after being exposed to someone who tested positive. democrats technically don't have the majority right now. everything comes down to the math. the math is on the edge. jen psaki, the white house spokeswoman said a couple moments ago she thinks that president biden can go big but also be bipartisan. back to you. jackie: i think that is what the

administration is hoping for. we'll be watching. chad pergram, thanks so much for that. meanwhile we're watching what is going on inside and outside. you may not be receipting on the street here in new york city but the governor said you could be dining indoors by valentine's day. why restaurants are not in love with this particular plan when we're back. we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it with hassle-free claims, he got paid before his neighbor even got started. because doing right by our members, that's what's right. usaa. what you're made of, we're made for. ♪ usaa ♪ ♪♪

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to learn more, go to sleepnumber.com. jackie: new york city restaurants trying to survive with outdoor dining only are facing a nor'easter today and shutting down completely. now governor cuomo says they can open indoor dining back up to 25% capacity by valentine's day but our next guest says that is really not enough. new york city hospitality alliance executive director andrew ridge joins us now. andrew, a ton of frustration in new york city over the dining situation. last night at 8:00 p.m. i went out to get food for myself, i saw people in the snowstorm actually sitting outside in pods and dining. that is how bad it has gotten, people are cooped up, pent up, they don't want to cook anymore. they want the restaurants back. >> that's right. listen. new yorkers are tough. it is snowing a lot out there today and you know we should be

open for indoor dining just the way of restaurants throughout the whole new york state are open. at 50% indoor occupancy. so you know, last week news is welcome. the restaurants will be able to open up on valentine's day but that is two weeks away. so restaurant owners and workers are heartbroken. they're ready to open up immediately. the industry has been decimated. thousands of restaurants have shuttered. more than 140,000 new yorkers that worked in restaurants and bars before the pandemic are out of their jobs. and now you know, they could be working today but they're not because of the snow. jackie: andrew, there are folks who basically say this is a political play. he has got democrat mayor bill de blasio, democrat governor andrew cuomo they have been in charge of this situation the whole time. the science doesn't show restaurants were a problem when it comes to the spread. yet they're taking their time to reopen and to bring these employees back to work, to give people who live here services that they desperately need.

but that even if open by valentine's day, if you had a different president right now in the white house, this wouldn't even be happening. >> you know, who knows. it is one of the things i'm always asked about, how does politics play into this? i guess you can't take politics out of politics. the idea, that restaurateurs are liberal, conservative, republicans, democrats, i don't care about any of that. the reality people are losing their livelihoods. they need to be able to work. as you said people want to go out, then been couped up, drink and socialize. we know we can do it in a safe way. we need to get the places open safely as soon as possible. and to your earlier segment about the stimulus, we need the federal government to enact the restaurant act that is bipartisan legislation that creates a structure revitalization fund to have restaurants pay for their rent, payroll, vendor expenses. not just the restaurateurs and workers. think about the farmers, sales rep that sell beer. all the people that work with

restaurants. jackie: it is very true. andrew, we're out of time. great to get your perspective on this we'll look forward to those restaurants reopening. meantime gamestop's stock, we're watching that closely. chaos has some in congress pushing for a tax on stock trades. we'll break down what lawmakers are looking to do on this next

jackie: welcome back to the second hour of cavuto "coast to coast" i am jackie deangelis semper neil cavuto, stocks are kicking off the month in the green as a short squeeze stock are set for another wild week of trading. the white house and congressional attention is appropriate in the wake of the gamestop frenzy, that part of the story in just a minute, let's get to lauren simonetti on today's top movers. >> hey jacqui you'd guessed it, popular short squeeze stocks and the roller coaster keeps on looping. the latest from robinhood they narrowed the list of popular stocks with limited trading to eight, it includes a very popular one gamestop, amc, xpress, nokia, blackberry and look at this, this is where you gamestop and amc trading in different directions today, gamestop shares are lower amc

shares or higher even though they were cut to sell at him km financially given a 1 dollar price target. analyst there questioning the evaluation this is the movement of the little guy taking on the big player we have seen protest from "coast to coast" their sick and getting their wings clipped by robinhood and a series of restrictions. that came under the radar last night when tesla ceo and critic of shortselling elon musk gave the robinhood ceo a public grind on why robinhood slapped stock trading, let's hear. >> i think there is always going to be some theoretical limit, on friday there were limits, there is always going to have to be some limit, i think the question

is will the limits be high enough to the point where some, they won't impact 99.9 plus% of customers. >> robinhood cannot handle the volume and look at this, reddit users showing no signs of backing down, check out the billboard in time store says gamestop goes burn and the sound the money makes when is being printed, they are doubling down they want to keep by that stock as much as they can. today robinhood turning once again to investors to raise cash another $2.4 billion so the total is 3.4 billion because they want to ride out this reddit army, they say they will use the money for education. jackie: what a wild story, thank you for all of that, meantime from wall street to the halls of congress progressive democrats looking to benefit from the gamestop craze and push their plans for stock trade

transaction, who is going to be bearing the brunt of the cost, edward lawrence has more on this one. >> the answer to that question, so much focus around the trading of gamestop, buying or selling, there is one thing that is 100% sure that more shares are trading humans, the sheer volume some democrats are seeing dollar signs now, ilhan omar tweeting that wall street has made billions back and wealth but .1% tax on each stock transaction would reduce the high frequency of trade that makes wall street rich, you can also use the money to cancel all student debt. there is holes in the logic, the ceo says a tax hike like that would be $777 billion over ten years in the st. louis federal reserve said the cost of canceling student debt is $1.7 trillion, a little bit

more. there is a gap, senator bernie sanders brought this issue to the presidential politics last year, year ago at a campaign event, he promoted attacks like this to pay for his program. >> it means that we cancel all student debt. [cheering] through a modest tax on wall street speculation. [cheering] >> the numbers don't quite match up, transaction tax is already on the books, believe it or not in new york 1905 the state passed a stock transfer tax for every transaction that happened in new york, the cover stocks which include new york city is been dormant because 100% of the tax is refunded. there has been recent grumbling from new york state lawmakers to remove the rebate to cover the big-budget whole, now the idea coming back around on the federal level in 2021 things to

representative ilhan omar. jackie: edward lawrence, thank you for that, the gamestop frenzy marketing idea every occupy wall street, new york young republicans are protesting action by hedge funds and others to undermine the move by retail investors. >> they want to make it so all of you guys have to keep working 19 back five and you can make money on your own or through trading or whatever it is, they want to perpetuate their institutional wealth. jackie: let's bring in group president gary d smith, susan li and price future group phil flynn. susan i want to start with you there's a notion on wall street that there has been collusion between the hedge funds who were short, the game stops of the world in the retail investors who were tried to buy those stocks on robinhood and robinhood put the restrictions in place to somehow slow it down so the hedge funds would not get burned as badly and robinhood is saying no we need to put the

restrictions in place because we have to raise capital. another 2.4 billion is being reported at this time because of volatility that we seen, based on your reporting what's the best way to look at this. >> record volumes as well as uncharted territory something we have not seen before and you also solid with the clearinghouse the largest in america 33 and a half billion dollars and according to robinhood the op-ed piece in the usa today over the weekend that was ten times more to virtually overnight, they have to raise cash somehow and if you want to talk about occupy wall street remember 2008 we had the initial movement i think you have to be careful especially with people who do not want to be overregulated because 2008 occupy wall street, that was a time we saw elizabeth warren in the over and reach in the oversight of consumer board and i don't know if the government is the answer that people necessarily want. >> elizabeth warren has been very vocal during this situation

as well saying the sec needs to do its job, it needs to be regulating this, needs to be making sure that the little guy can be trading and taking on the risks which actually to me is an amazing thing to come out of her mouth. >> the little guy is trading and as soon as they point out the only reason they put in trade was because i think charlie gasparino said in the past few days, plumbing problems with how robinhood of the world work. you did in the segment before about a potential tax on wall street, i could definitely see that coming down the line because this looks like a great opportunity for the left to say i finally justify getting my hands on more money. but the fact of the matter is going back to the point you start out with his big hedge funds, big pension funds, that is more look unto the quiddity

in the market they can take the other side of the trade yes there will be large hedge funds that are short but in general they want to populate it with more people out there. jackie: phil flynn you look at commodity specifically that is spilling over into that were watching silver prices up in the thought a lot of shorts and solar and other reddit investors will call them that if you will and they're getting into the silver trade too, a lot of these gambles can be very risky if you are not a sophisticated investor and that is the other side of the argument that a lot of these folks are going to get caught holding the bag on some very, located trade that they may not be sophisticated enough to deal with, your thoughts? >> i think you're absolutely right here's elizabeth warren who says she's after the individual investor but i'm afraid there will be some people that if the bottom falls out of the stock is going to go to 0 in all of the sudden they will be

complaining why did you not stop me from making this investment, there will be that out there, there is a balance this is spreading into a much bigger thing, it's a great thing that they're getting involved in the market, they're having their say in the market, if you look at silver activity we had the highest level since lehman brothers, the biggest up move today in a long time, were being influenced more by what is happening with what they're doing, last week when robinhood put the restrictions on their traders, silver went down because the silver trade was in the market last week, this week silver was on a tear with physical market and really getting tight right now, interestingly enough, brokerage firms on the commodity side i'm hearing from some firms are raising the margin by 200% which is typical when we see a lot of volatility in the futures but one might wonder if they will question why are you raising

margins because the little guys are finally making money on silver. jackie: there's no law that in says of yes, sir in the marketplace has to invest on fundamentals they can look at the system and make the best trade possible to make money if that is their objective. >> financial experts as everybody knows it's okay to find dislocation, mispricing in the market and that's what this wall street page is the other side of the trade, if you want to point fingers should they be shorting the stock at 140%, some say that was a cardinal sin in relation to how big the hedge fund was and in the end they saw wall street bets winning and understanding there was a lopsided trade and they took the other side, would you buy gamestop at $500 that is a little scary and need some education but i think below what you saw $200 i thought that was a brilliant trade. jackie: gary it's interesting to look at a company like gamestop

and i would say essentially let's forget because online gaming industry starts to kill the brick-and-mortar shops selling the cartridges, the individual games and that became an outdated model but there are some investors that are saying we are getting into gamestop because they are changing their business model and they take a little time, we do see fundamentals here. >> probably are good reasons to get into a stock like gamestop, are there good reasons as soon as i alluded to the stock when it is 200 - 300 - $400, that's a little bit of a stretch you gotta do some in-depth fundamental analysis to justify that market market. jackie: thank you so much for that and will see you soon back in the hour, los angeles county lifting outdoor dining beyond but not without new restrictions why health officials are pulling the plug on outdoor television we have that one coming up next.

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newsom appeared coronavirus world, los angeles county beginning television at restaurants to prevent a super spreader event and outdoor dining, let's bring an independent women's forum senior policy analyst kelsey boler, the restaurants are struggling, they're setting up the venues for people to dine outside where they can be socially distance where there's plenty of fresh air, why can you not have a tv there? >> california has had some of the most nonscientific-based responses to the covid-19 pandemic that we see across the country, we have seen a lot of political opportunism from governor gavin newsom that potentially is going to come back and bite him because california voters on the left and on the right are not happy with his response to the pandemic, there is no reason

that people in california cannot sit outside and watch tv we know that being outside is one of the safest places to be with this by recirculating and yet he's putting forth these nonscientific based restrictions which is especially driving to people hang outside with her friends and family members. jackie: in some ways he made it worse he told you can't come outside and congregate at these places and have the pressure in the circulation and the ability to social distance, people are lonely, they socialize indoors, they socialize privately in a way that sent the coronavirus case is higher in the state and we had such a problem that the icus were completely overwhelmed you have to ask yourself when the democrats say let's look at the science, why do they not actually look at it. >> unfortunately the putting politics before the science in the case, you have to look at

his response in the schools across the state public schools have been closed meanwhile private schools have been able to reopen for in person learning, he's botched the vaccine rollout, california was far behind other states such as florida which the media has tried to target governor ron desantis for his response florida is doing very well on the vaccine rollout and receiving individual 65 and older able to get the vaccine where is california is very behind in that process and that is why you are seeing so much backlash against governor newsom in a pickup in this initiative to alex tim out of his seat as governor. jackie: it's been a while since we've seen a recall the people signing those petitions but we've just saw him governor gavin newsom without a mask at a restaurant, do as i say not as i do granted that picture was old when they allowed indoor dining,

let me ask you this i want to get your take on outreach were seen with kids being out of school we have a virginia father going viral slamming school officials and the ongoing school closures. >> you're a bunch of cowards hiding behind our children as an excuse for keeping schools close, figure it out or get off the podium. there are people like me and a lot of other people out there who will gladly take your seat and figure it out. jackie: that father is going to be joining elizabeth macdonald on "the evening edit" tonight, make sure you tune in for that. about feeling a lot of parents in america feel frustrated, angry and there feeling the sentiment that he's been able to express it in a more public way, what can people do about this as they're trying to get through the pandemic, the frustration with how lawmakers are choosing to handle this.

>> if you look at what happened in fairfax county virginia a very wealthy school district we have teachers been prioritized for the vaccine which i think a lot can get behind because we know children need to come first they are not doing well being forced into remote learning and yeah fairfax is giving teachers priority and the teachers union come back and say we are actually in equity teach in person until the children are vaccinated and of course we know children cannot yet safely be vaccinated so unfortunately we are seeing children fall when really in a pandemic this is an emergency situation, their education and their well-being needs to be put first, that is why we see 3.5 million students have less the public school system to enroll in private school options, pandemic and other choice options meanwhile parents without means are stuck

without the remote learning situations that we know children are really struggling with socially, emotionally across the board academically, it is very unfortunate that so many areas are putting children last. jackie: the same frustration in chicago we talked about in the show, really tough situation we have to get the teachers back in the kids back in school so the parents can get back to work as well and everybody could get back to normal. at some point with the vaccine being rolled out we also have to go on with life and push the comfort zone, great to see you we appreciate your time today. >> thank you. jackie: as we mentioned earlier in this segment there is a growing push outs california governor gavin newsom to fox news correspondent with the progress that the push is making. >> indeed they are moving forward and it looks like the have the number of signatures that they need by march 17 deadline but many people here

are angry yet the vaccine distribution among the worst in the country 7% inoculated, infection rates toward what others did not, restaurants are fully open and messaging on the lockdown orders has been head spinning. newsom as the guy who put himself on tv every day he owns it and the recall effort actually started before the pandemic mostly republicans were unhappy about state spending, homelessness, higher crime, affordable housing now you adenovirus response in other states and you have independence to dissolution democrats jumping on board. >> with small businesses that are literally being crushed, our kids are not going to school and not involved in activities and now the vaccine distribution is an absolute mismanagement, if gavin newsom was ahead of the major corporation he would've environments ago. >> the recall means 1.5 million balancing signatures before the

deadline and there probably at 13 and they need a little more than that but a lot of red tape before an election date would be set, who could run, former san diego mayor kevin faulkner says he's raised seven figures in a silicon valley billionaire democrat who may jump in promising lower taxes, higher teacher pay, remember california recall the democrat governor in 2003 that to we got republican arnold schwarzenegger, he only had a nine-point advantage in party registration, now it's 22% huge advantage for newsom and if the election is july or august you would expect things to be relatively back to normal that would work on newsom's favor as well. >> it'll be interesting to see that people are criticizing him and some are still there and many of them have left to because of life being so difficult. gamestop stock, it is a crazing driving more millennial's into the stock market but should the

new wave of investors be prepared for a new wave of losses, we will discuss that after the break. ♪

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jackie: it's a lot of delight in ruining the -- of the wealthy are supposedly more sophisticated investors. >> bequeath entry between gamestop wild ride and predators taken to wall street it's clear there's a new wave of young investors out there, gerri willis joins us now with more on that story. >> i want you to meet a member of game stops nation and it all started when his sister told him about radix wall street that forum.

>> going on the reddit and hour or two a day reading through all the research and the news that they are posting and it took me over a week to start understanding what they were saying. >> the 19-year-old economics major of the university of michigan learned about gamestop but before investing putting his money down he studied ceo ryan cohen's plan to take the company virtual, cohen the cofounder of chewy and e-commerce business that he sold the pet smart for $3.35 billion. he inspired and invested 20000 and gamestop including 13000 from his savings and $2000 from his father. fox business has confirmed his profits in the stock at more than $100,000, gamestop shares down about 24%, hedge fund investors have lost more than

$1 billion in gamestop in the hands of investors, he says that robinhood move to limit trade last week, he said his is not right. listen. >> they sent out e-mails trying to say some people posted on reddit saying that we think you guys have too much risk on the line people responded saying this is the stock market of america and power to the people. >> is i say to you power to the people only tells me he has plans to sell the gamestop shares and invest in a roth ira. >> he did his homework or at least that's what it sounds like, and for buying the company aside from saying i want to get the short out of this, it's very interesting thank you for that report. back with us now gary b smith, susan li and phil flynn, gary i'll start with you and your reaction, that's a kid who said i'm buying the company because i

think they will make a comeback in a turnaround andes crying foul because he says robinhood is limiting me from being able to make money. >> again we were discussing earlier the reasons why robinhood was limiting him was not because they wanted, they actually want him to trade more, the people like that because they sell the overflow, the more people that trade in the more they trade, the more money they make, it is funny and maybe phil remembers this also, this sounds exactly like 1999 - 2000 back then i still remember venus and serena williams father say make them as day traders, she was day trading, they're doing the research. jackie: susan i want to get your

take, you have the hedge fund guys that are being squeezed in this like andrew left from citroen he said i being targeted by families being targeted, this is gone too far, we've been vilified, even though they're the ones that lost this amount of money. >> we have melding capital down 50% for the month of january and as a result have tim griffin losing 3%, there having to pump the money of capital finances after what they did which was lever way too much relative to the size of the fund 140% of flow if they're going to take a look at something the sec they may take a look at the short-sellers but i want to say getting back to the point of young people being engaged in the stock market and i love the fact that gary b smith reference serena versus venus in 1979 because we have not seen this enthusiasm from young investors in 20 years. i think it's a great thing for the stock market and there's no such thing smart money brings

the money anymore if you look at the returns last year to the institution, this is a great new era in the stock market. jackie: phil flynn we talk about investor education to democratize the market and make sure people can get in and be prepared to take on the risks that they're taking and robinhood has said it will earmark the money that is raised for investor education so the folks using our platform feel more armed, secure, prepared to take on steve cohen of the world. >> sophia steve cohen's of the world could use some little education when it came to shortselling. i daresay maybe some of the people in washington could as well, we had senator elizabeth warren basically coming on saying this game is rigged, i don't know who is writing the market which way or the spring market but the way the election is rigged you have to have some evidence behind it to prove it, other than that it's as claimed

there's same for the fcc to get off, i love this this is the revenge of the nerds that will make a great movie someday about the little guy against the big guy, make no mistake about it there will be. jackie: let me ask you, gary there will be some point, the stock is down $83 today, some of the theory behind that is because robinhood restricted the buying that you would potentially see but there is going to be some point where investors decide they want to take profit and get out of this trade and they're not going to go to reddit, whoever is the first big seller he will not go to reddit and sam going to liquidate my position, everybody get on board, he will want to be the first guy to do it, somebody gets left holding the bag and it could be ugly. >> absolutely and you made a bigger point, just like in 99 - 2000 when day trading was all arranged and everyone was going to make a lot of money i remember a friend of mine had

his license plate the said trader on the back of it because there's going to be more people hung with losses on this and this will fade away we went through this phase, i don't think -- i don't think this is a new blip of engagement in the market but once these people there to look at their counsel like 20000 was all i had and i down to $1000, this will go away. jackie: i don't want to hear elizabeth warren or aoc say the little guy got burned so we have to look at this in a different way because you guys are the ones insane they should be in the trade in the first place. >> from the in brokerage houses number them took the systemic, you heard j.p. morgan saying you have to look at earnings which have been fantastic in the fact that you have another stimulus package coming that does not mean this is a long-term selloff and were back to 2007 with the

bubble bursting and barclays also said that as well, the shortselling 0, 0, 0, 1%, 40 trillion-dollar market we would like to talk about it it's great for ratings netflix has a movie deal in the works. as a systemic intake on the whole market, they say no. jackie: you can see the dow is up 264-point, is looking at this and the other investors are looking at the fundamental of the rest of the market and they are managing and baking in their continuing to buy other equities. we are going to have to leave it there, thank you so much, i appreciate it all the commentary and insight. more executive orders on the way this week president biden plans to reverse trump era immigration policies, how his plans have already hit a roadblock. ♪

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biden's plans to pass sweeping among entering immigration overhaul serious headwinds per fox news correspondent jacqui heinrich has the latest. >> where the two parties seem poised to work together can be summed up with the story of honduras man who is a nice custody, he was brought to the u.s. 20 years ago at the age of seven he is a former daca recipient, his sadness expired in 2019 and according to mpr he was arrested for jaywalking that december taken to a nice facility and scheduled for deportation last week because of president biden's 100 day deportation moratorium, the deportation was stopped but a federal judge in texas has issued a temporary reached restraining order against him moratorium what happens next is unclear because biden does not want to wait too long to pursue immigration reform with the midterms not far away on the horizon the white house has given the nod for lawmakers to work at a bipartisan baseline

bill dealing with people like him, dick durbin is working with lindsey graham with the previous legislation introduced in 2019 and i include in the end some of the items that biden's package propose like automatic green cards for the group but the tops are still early and with the agreement discussion starting to fray on issues like border security, lindsey graham told fox democrats are taking the wrong approach in halting border wall construction, it is already become an obstacle for biden's homeland security nominee. >> protecting america against bad actors and those seeking to break our laws, cannot support these policies that will be an attempt of securing the border. >> republic installed the confirmation for alejandro mario chris after whistleblower report showed he intervened to get

green cards for foreign investors connected to top democrats under obama, the final vote for his confirmation is tomorrow but democrats are forced to move forward with procedural tools without republican support. jackie: jacqui heinrich on the hill, thank you so much for that. meanwhile president biden's pick to run the nation that appoint a program under the microscope a new report says susie levin oversaw $600 million in losses to a nigerian fraud scheme during her time of the head of washington state employment security program. blake burman has those details. >> the department of labor confirming that susan levin will head up one of the top post at the labor department and she will run the employment and training on administration that in part overseas the filing process in the education process for the many millions of americans across the country that are trying to get help with unemployment benefits, she was in the headlines back in washington state when she held a

similar position there as that department in washington was at the center of a $600 million fraud scheme, at its core hackers and criminals were allegedly able to file bogus on appointment claims under the cares act about $600 million worth in about $215 million ended up being reclaimed by washington state as you can see, for context and perspective washington state not the only victim because the department of labor inspector general report from november suggested 10% of the money from the cares act that was given to unappointed benefits or $36 billion could've been hit with fraud this is a problem that has been seen not just in washington but all over the country as well the post that levin is heading up the labor department and she said today is a position that is senate confirmed we should know president biden has not put

forth levin or anyone else for that matter for a permanent position in that seat we will have to see if this is a temporary position or something in which she stays in that role on a much longer-term basis. jackie: i think it was 12 other states that salt similar from massive fraud in california you think about the stimulus package and people are stealing funds from them and it does raise some eyebrows and cause frustration. but we thank you for bringing that report to us. as a massive winter storm stalls coming barreling across the east coast the vaccine rollout is also be installed in multiple states. what it will take to get back on track coming up. ♪

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♪ limu emu ♪ and doug. and if we win, we get to tell you how liberty mutual customizes car insurance so you only pay for what you need. isn't that what you just did? service! ♪ stand back, i'm gonna show ya ♪ ♪ how doug and limu roll, ya ♪ ♪ you know you got to live it ♪ ♪ if you wanna wi... ♪ [ music stops ] time out! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ >> as we get into the next weeks and months and more vaccines come out there may be different -- there will be common use of them in the big pool of vaccines not only for the united states but worldwide but there may be some advantages that you might see with one versus the other.

jackie: new coronavirus strains sparking worry about vaccine effectiveness, clinical data showing novavax and johnson & johnson vaccine are significantly less effective at preventing covid-19 a trial participant in south africa reaction from physician and heartland institute advisor doctor roger klein, rate to have you. as the mutation started occurring in the uk, south africa we've been watching them closely and experts are saying know the vaccine that we have will protect you and now are starting to question that. >> hi terrific to be with you. it's concerning but this is not an all or nothing phenomenon, we need to understand as the virus mutates and as we get somewhat different strains and proteins or maybe a diminution of the effect their does not mean there's no effectiveness, that's very important you started off

talking about johnson & johnson and it's important to understand while the effectiveness is less a preventing infection symptomatic infection it is pretty good, the trial data they released or at least the numbers are pretty good for preventing serious infection that's really what we need to focus on serious infection and death. jackie: that is one of the points it does need to be focused on but also we are talking about folks like massachusetts congressman stephen lynch testing positive even after getting his second dose of the pfizer vaccine, that is something to think about as well that folks may get the vaccine and think i'm totally prevent and i don't want to follow the rules anymore, that should not be what they're doing. >> congressman lynch does not have symptoms it is important to understand when the studies were done on the trial participants

what was looked for was symptomatic infection, they did not test everybody to see whether or not there infected, we don't know how frequently people do get infected after being vaccinated and we don't know the date of congressman lynch vaccination. it's important to understand that folks maybe can get infected or small% are less likely to spread it at least from the window of spread would be significantly less. i don't think is a cause for concern and again, the most important thing is to vaccinate the elderly in the vulnerable first and stop the deaths and hospitalizations or at least slow them down considerably get our vulnerable people vaccinated and will be fine if we do that over the next 2 - 3 months i think is a public health crisis this will be over although the virus will still be with us. jackie: it was still be will us,

it's about getting the potable people the shots in the arms and outrage in new york city for example that maybe the priority is not being given to the right people or people are cutting corners in the system, there's no checks and balances for example a rather famous soul cycle instructor that posted on instagram that she got her first vaccine and there was outrage about this because people were saying you're not old invulnerable why is it that you're getting and cutting the line and she said i did not cut the line i'm an educator and i will say for clarity purposes she is a spin teacher and some people think that is not a person that should be on the line to get the shot right now. >> i agree with those who believe in prioritizing the elderly in the vulnerable, i looked at the trials from a moderna and pfizer, 347 infections in people who got placebo did not get the vaccine, there was only one death out of

347, in them a moderna trial there were more serious infections, there were nine in the pfizer, that is the only 11% of the people who got infected had serious infections the time they would get to admitted. but only one death, most people who get infected do not get seriously ill, i had it when i was on your show. jackie: i was just think about that. >> i'm typical now a lot of friends and colleagues who have it we need to understand most people who get this are not going to get seriously ill, i would encourage vaccination, that being said we need to protect the people who are at risk of dying or at risk of going to the hospital we need to get those people vaccinated first, it will make it faster and more efficient. jackie: the mayor in new york city putting a moratorium on vaccination saying we will reschedule for today because we have the storm now and he does not want will people trying to go out and get the shot in the

arm, so much to think about, always great to see you we thank you for your insight. >> thank you jacqui. jackie: stocks not the only thing starting february in the green we have oil prices jumping more than 1% on pace for the first game for the past three sessions. more cavuto "coast to coast" after the break. ♪ ♪upbeat music♪

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jackie: the white house signaling that president biden may be open to making a new coronavirus package stronger ahead of his meeting today with several gop senators. we'll watch for that to see what comes out of that meeting. meantime we're looking at the dow, it is a 244 point rally. charles payne, i'm handing you that don't mess it up. stuart: i will try my best certainly a of that. you're doing amazing job. charles:ing all eyes on gamestop and other investor names as painful truth is learned the hard way. we'll tell you where you should know about your account, where this whole saga goes from here. robinhood raised another $2.4