through the commercial break thinking about this, jet li, martial artist. stuart: who? susan: jet li, martial artist. stuart: okay. susan: i can't work with this. stuart: i should never have done that. [laughter] we're out of time, susan, you can't even explain yourself. maybe next week. my time's up, so's susan's. neil, it's yours. neil: thank you, stuart, very much. have a wonderful weekend, my friend. all right, i want to take you right now outside the white house, democratic leaders have just met with president biden here. they're outlining the house's plan to take the senate but not on that stimulus measure and budget support. let's dip in. >> -- to the people who need it most. it's just that we are there, we just can't get it reported that we are there. [inaudible conversations] >> we have had 17 reconciliation bills in recent times in a

bipartisan way. and so i i want to yield to the distinguished chair, because the bill that the senate passed is identical to our instructions to the budget as we sent to them. [inaudible] >> yeah. the speaker's right, we got the same amount, instructions back from the senate that we passed, so we can pass it with a simple vote today. and then the committees are will draft the legislation that actually creates the assignment of those dollars, and we'll bring that back to the floor in just a couple of weeks. we only lost two democrats in the vote. they just voted for $1.9 trillion, so we don't anticipate a problem. [inaudible conversations] >> madam speaker, do you have any concerns that a package -- [inaudible] $2 trillion might sacrifice progressive policies going forward? >> absolutely not.

one of the things that we always discuss is as we try to address the emergency that we have now, to crush the virus, to save the lives and livelihood of the american people, we're not going to perpetuate any injustices. we spent a good deal of time in the meeting, early part of the meeting talking about the disparity in access in many ways but including access to the health provisions that are necessary to fight the virus now including the distribution of vaccines. absolutely, positively not. >> madam speaker -- [inaudible] direct payments. >> yeah. >> you raised the issue that they should be targeted. to whom will they be targeted, where's the cutoff -- >> let me just say this, because i think that there isn't a clear understanding. this is the overarching budget bill.

next week the committees of jurisdiction will take those targeted amounts and make it, establish priority there. so we're not going to have a negotiation right here. [laughter] mr. neil, the chair of the ways and means committee, that's his jurisdiction. did you want to say something? >> thanks, speaker. so in the airs -- cares act, if you recall, we used a joint ceiling. we had a great deal of difficultly because joint filers under $24,000 a year, single filers under $12,000 a year who don't have tax id numbers, we attempt in this package to address many of those issues. what the president mentioned in their discussion with the speaker of the ceiling that we would construct as we go to negotiations as speaker pelosi has noted.

>> madam speaker, beyond this issue, are there any discussions of a potential infrastructure bill or -- [inaudible] >> actually, this is a jobs meeting. mr. defazio, the chair of -- >> actually, when the president acknowledged me, he said you're next. and he's committed to doing a infrastructure package. it'll draw on the elements of my invest act and the moving forward package we passed in the house. we're going to deal with climate change and create a hell of a lot of jobs in this country, and we're going to do it through bobby scott's committee, massive job retraining, reaching out to communities that have been left behind and bring them in. and they're going to get good jobs. [inaudible conversations] >> whoa, whoa, whoa. i want to make a comment on your question. >> yes. >> we had, and i mentioned this to the president, a very, very successful 116 congress in the house of representatives. we passed very meaningful

legislation, we passed four major -- actually, five major bills to help people who were suffering from covid-19 in our economy. we passed voting rights, we passed equal rights, we passed h.r. 1, we passed so very many big bills that the american people overwhelmingly supported, and mcconnell would not put them on the floor. we're going to move that agenda. [inaudible conversations] >> just hold on a second. as i said originally, this is the american rescue plan. the biden american rescue plan. the next bill will be the recovery plan. and, again -- even before any of us spoke and even the president addressed us when we sat down, he said to peter, you're next. before anything else. [inaudible conversations] >> if you don't mind, if infrastructure is next, the democrats also want to raise the minimum wage, there's also talk about canceling student loans up to a certain level --

>> you know what? we're not going to go into that level of specificity right here and now. that is a discussion for next week when the members and the committees -- now, because the senate this morning, welcome to our world, more than you want to know on the subject, because the senate finished this morning, today, we can notice for mark-up starting monday, the beginning of next week as the committees are prepared to go forward. and some of their preparation depends from one committee to the next -- >> [inaudible] >> we're talking about this subject, that's it. we're talking about this subject. [inaudible conversations] >> curious -- >> why don't you have on a jacket? >> it feels pretty good. [laughter] >> oh, that's -- >> because of the minimum wage, obviously, that's not going to be included right now -- >> that's not obvious. >> that's not obvious? [inaudible] on the senate vote last night -- [inaudible] >> well, we just don't know.

we don't know. >> madam speaker -- >> wait a second. you had a question, i'm so sorry. >> madam speaker, is there anything that that was not in president biden's proposal, any of your chairmen or chairwomen intend to include in the reconciliation bill? i know there was a question yesterday about -- [inaudible] to help make sure people stay on the payroll -- [inaudible] is there anything that's not in the president's -- [inaudible] we should expect to see in one of the bills in mark-up next week? >> well, the blueprint is what the senate passed and what we passed yesterday. >> remember, that's what a mark-up is before. the ways and means committee will begin on wednesday morning and finish by friday afternoon. that's our plan. we, as the president said and the speaker has repeatedly said, if they can offer suggestions that improve the bill, that's a system -- >> wait a second --

>> to your question, i was in a long hearing yesterday on covid impacts on transportation workers, but i saw a reuters story that said i had been silent are on psp. and i have not been silent, and there are, there's a large transportation component to this bill saving well over a million jobs. we're dealing with transit, we're dealing with rail, we're dealing with contractors, we're dealing with concessionaries, we're dealing with airports and we're dealing with aviation. >> anybody who hasn't had a question yet? >> madam speaker, can you guarantee that this is done by march 15th -- >> absolutely. >> oh, yes. >> without my question. before then. before then. [inaudible conversations] >> -- what's the timeline? [laughter] >> the timeline is as follows -- [laughter] again, more on the subject than you ever want to know. we finish by today, we will pass

our bill. when our bill is passed, we can notice for mark-up. the committees of jurisdiction that have impact on this bill -- and it's not every committee of congress, but it's most -- will then do their mark-ups. they'll coordinate among each other so there's no contradiction or whatever. and then by the end of the week, no later, by the end of the week it will go to the budget committee. there are all kinds of things, a couple of days for dissenting views, a couple of days for notice of meetings, that kind of stuff that takes a little time. it goes before the budget committee. you want to go from there, mr. yarmouth? >> what we do is we take, we take all of the bills, we package them together, and then we essentially scrub the bill to make sure that there are no fatal -- neil: all right. the meet takeaway -- immediate

takeaway there is if to you think this relief package to address covid is going to get whittled down from the $1.9 trillion figure that republicans still have a serious issue with, think again. it is not happening. it seems very, very clear hearing nancy pelosi and other committee leaders including steny hoyer, the number two ranking democrat in the house of representatives, they're going full throttle with this. and, apparently, they were emboldened after meeting with the president who said we can't do much here, but we can do too little. so, again, every principled figure in the democratic party is going on size, the bigger the better. and by the way, so is wall street, on the notion the bigger the stimulus, the bigger the market rally. it's one of those rare times where the investment guys are kind of juxtaposed against the republican guys who are concerned that we're spending a little too much here. there's a timeline to all of this. as you know, this measure that

was approved very early this morning in the senate broken by kamala harris who broke a 50-50 tie to keep it going, it could set the stage for needing a simple majority to ultimately get this thing passed. it goes to the house where they mark it up in various committees. they have to have that all submitted by around february 16th. it seems pretty clear listening to nancy pelosi that not everything is presumably out of this including, curiously, if i heard her right, a hike in the minimum wage. that was not part of the issues that were raised in the senate. she's not given up hope that that could be addressed here but, obviously, that would exponentially lift the cost of this. all of this helped by some rather weaker than expected employment news in the latest month that showed 49,000 jobs added to the economy. they were expecting a lot more than that. the prior month's data was revised sharply lower as well even though the unemployment rate itself is 6.3% shows steady progress on that front when at

the height of the pandemic we were in the teens. doesn't matter right now. that weaker than expected employment report seemed to embolden those who want to go big on stimulus. let's go to edward lawrence on all of this as we wait to hear from the president of the united states on all of this. >> reporter: boy, that was a lot there. and what we didn't get to hear, house speaker nancy pelosi came out and said that the reconciliation process is necessary because it assures their outcome. that goes to what you were saying, that she believes that it will go through that reconciliation process in order to make sure they get that big $1.9 trillion package. and, again, nothing was off the table there. we should know by the end of next week, according to that news conference, the end of next week richard neal says he'd be done on the ways and means part of it with what could be in the package. the economy added 49,000 jobs in january, the vast majority of those net gains came in local government hiring teachers and education.

only 6,000 private sector jobs were added. now, we are waiting, as you said, for president joe biden to talk about the economy. we do have some pictures from inside the room that will be posted when the president is ready to speak. now, this report will help both democrats who want to push for massive spending and republicans who want a more targeted approach. the democrats will look at this and say 10.1 million people are unemployed, so congress needs to throw a huge number at this package. >> saw the jobs report with only 6,000 private sector jobs that we created. and at that rate, it's going to take ten years before we get to full employment. that's not hyperbole, that's a fact. we're going to be in a situation where it'll take a long, long time. >> reporter: now republicans will look at the jobs report and say, hey, 61,000 jobs lost in leisure and hospitality, that sector is down 3.9 million jobs since february.

turning that around could alone boost the unemployment numbers. however, there were job gains in that sector from may to november which could be specifically attributed to the payroll protection program. so when the program paused because the house speaker couldn't come to an agreement, the job losses started again and haven't stopped. so the republican argument, target the next package, open the economy back up so people can naturally go back to work. now later this afternoon the vice president and treasury secretary janet yellen will meet with minority business leaders. they're looking in that conversation for more support for that $1.9 trillion relief package. and as you heard, democrats are teeing up that package to go through the reconciliation process, and only a simple majority then would be needed to pass it, and the vice president could be that deciding vote. back to you. neil: edward, very quickly, it's fair to say that this likely won't garner republican support in the senate.

i'm wondering in the house when nancy pelosi hinted at some bipartisanship here, where is and who is she talking about? >> reporter: yeah, in the house or maybe even the senate. i have seen grumbling senator mitt romney is one of those that the democrats may be targeting in order to get some senate support. on the house side, you do have some areas that would like to see this massive boost of spending. they would like to get it through the package, specifically in areas maybe in ohio that have manufacturing to try and get some of these manufacturing jobs or at least give those folks checks for that manufacturing who lost their jobs in manufacturing and other areas. but there could be some support on this. the president did indicate yesterday saying that he believes there will be republican support on this. you know, that news conference was very telling that just happened between steny hoyer, the house minority leader and house -- majority leader and house speaker nancy pelosi because it shows they are full

steam ahead and not talking to any republicans about what they want to do. neil: that's a very interesting take. it was mine exactly. i think you're absolutely right, edward, that this is a clear indication, if any, that this democratic house -- much like the narrowly democratic senate been -- is going to ram that through like a mack truck. we're waiting to hear from the president, his thoughts on this. he has taken some lessons from when he served as barack obama's vice president when they had their original stimulus plan back in early 2009. there's one regret that barack obama had and in finishing reading his book, one thing i discovered was that they didn't go bigger still. this is something that joe biden wants to avoid. whether you agree or disagree with that approach, there's nothing to be lost going too big than too small, and they're erring on the side of too big. the career builders ceo joins us now on the implications of going too big. irene that, one of the things i

first thought of is what's going to happen with those stimulus checks. $1400 checks to a lot of people. maybe now not as many people. i don't know if they'll be all means tested, but the talk they'll be limited and phased out for individuals over $75,000 and $115,000 for couples. what are you hearing? what will the impact be if they narrow the pool of people who get them? >> what's interesting, neil, if you look at that recent nfib statement that got released for january, that really is a great index for small business sentiment and optimism potential. and one of the things that showed on there is that 90% of business owners had trouble filling roles with qualified talent in january which is such a dichotomy to what we're hearing with the 6700,000 -- 700,000 claims every week with the stimulus checks, that we're hearing these small business owners are not able to fill the open roles that they have. so it's going to be interesting to see how and whether the

stimulus checks make that even harder for a lot of these small businesses. neil: i'm wondering whether you will look at the overall stimulus package. it has a big price tag to it, almost $2 trillion. for the folks you follow and those who obviously, you know, need a paycheck, how good is this news considering the fact that we still have a trillion dollars plus of aid that has been hammered out in washington that is still yet to be spent? >> it's difficult to say. we're talking about the several groups, at least those that are in the front of line covid industry -- front-line covid industry where many of them are hesitant to go back to work until there's really a consistent timeline and exit plan for the vaccine. and so they are getting the stimulus checks and making an economic decision of do i make more money by not going back to work than putting myself

potentially at risk. and then you have another contingent that has the flexibility potentially to work from home that is not in the covid-facing industry. they're in a very different spot than the other group. neil: while i have you here, irina, i always learn a lot talking about jobs with you, the private sec sector job growth was tepid in this late month, 6,000. the president just made reference here to get back to full employment, it would take ten years at that rate. but, of course, we have made up a lot of ground from our worst levels when 20 million jobs were lost. we're now down to 9.9 million, still net down. but we have recouped a lot of ground here. how do you see it going forward? >> we have recouped ground, and you look at the states in general, about 50% of the states or more, actually, are showing job growth with a few of them really leading in the double digits. and then the rest are going

around 0 to -1, 2%. so there's just a handful of extreme states that are either declining on the job growth side. but the other interesting thing we're starting to see, when you look at the top ten jobs growing month over month january to december, for the first time in a while, three of the top ten have been related to childcare or education which we tend to view as a progressive step forward that helps really put and allows parents to go back to work in a meaningful way, for activity to start coming back. so seeing that for the first time really show up in the growth category has been interesting. neil: irina, thank you very much, the career builders ceo. a very good read as well of the overall economy. the takeaway i had -- i'm so glad we went to hear from the top democrats after meeting with the president, because if you had any doubt that they're going through this alone if need be, be nice if they had some

republicans onboard, but they've read the numbers, they don't think they do. in a letter that nancy pelosi wrote to the president right before this in-person meeting says it all: our work to crush the eurozone that virus -- coronavirus and deliver relief to the american people is urgent and of the highest priority. we are committed to this. that, my friends, is an understatement. stay with fox. ♪

the lexus es, now available with all-wheel drive. this rain is bananas. lease the 2021 es 250 all-wheel drive for $349 a month for thirty six months. experience amazing at your lexus dealer.

neil: all right. the president of the united states now addressing this emergency relief that's being worked on at a rocket pace here. of let's listen in. >> while we're grateful for everyone who found work and is earning a paycheck, it's very clear our economy is still in trouble. we added just 6,000 private sector jobs in the country last month. overall, we added 49,000 jobs. and this at a time when we have more than 10 million people out of work, 4 million people have been out of work for six months or longer, and 2.5 million women have been driven from the work force. 15 million americans are behind in their rental payments, 24

million adults and 12 million children literally don't have enough food to eat. these aren't democrats or republicans, they're americans. can they're suffering. and they're suffering. they're suffering not because of anything they did. through no fault of their own, they're suffering. once in a century virus has decimated our economy, and it's still wreaking havoc on our economy today. and so much of it is still about the virus. we're still in the teeth of this pandemic. in fact, january was the single deadliest month of the whole pandemic. we lost nearly are 100,000 -- nearly 100,000 lives. i know some in congress think we've already done enough to deal with the crisis in the country. others think that things are getting better, and we can afford to sit back and either do little or do nothing at all. that's not what i see.

i see enormous pain in this country. a lot of folks out of work, a lot of folks going hungry, staring at the ceiling at night wondering what am i going to do tomorrow, a lot of folks trying to figure out how to keep their jobs and take care of their children. a lot of folks reaching the breaking point. suicides are up, mental health needs are increasing, violence against women and children is increasing. a lot of folks are losing hope, and i believe the american people are looking right now to their government for help, to do our job, to not let them down. so i'm going to act. i'm going to act fast. i'd like to be, i'd like to be doing it with the support of republicans. there are some really fine people that want to get something done, but they're just not willing to go as far as i think we have to go. i've told both republicans and democrats, that's my preference, to work together. but if i have to choose between

getting help right now to americans who are hurting so badly and getting bogged down in a lengthy negotiation or compromising on a bill that's up to the crisis, that's an easy choice. i'm going to help the american people who are hurting now. that's why i'm so grateful to the house and the senate for moving so fast on the american rescue plan. here's what's in that plan. first, it puts $160 billion into our national covid-19 strategy which includes more money for manufacturing, distribution and setting up of vaccine sites, everything that's needed to get the vaccines into people's arms. there's simply nothing more important than us getting the resources we need to vaccinate the people in this country as soon as, as quickly as possible. so job number one of the american rescue plan is

vaccines. vaccines. the second, the american rescue plan is going to keep the commitment of $2,000 -- 600's already gone out -- $1400 checks to people who need it. this is money directly in people's pockets. they need it. we need to target that money so folks making $300,000 don't get any windfall. but if you're, if you're a family that's a wage earner, each of the parents, one making 30 grand, one making 40 or 50, maybe that's a little more than -- well, yeah, they need the money. and they're going to get it. and here's what i won't do, i'm not cutting the size of the checks. they're going to be $1400, period. that's what the american people were promised. very quickly, here's the rest of my plan. it has money for food and nutrition so that folks don't go

hungry. i think our republican friends are going to support that. it extends unemployment insurance which is going to run out on march 13th of this year to the end of september of this year. because it's still going -- we're still going to have high unemployment. it helps small businesses, thousands of whom have that had to go out of business. it has money to help folks pay their health insurance. it has rental assistance to keep people in their homes rather than being thrown out on the street. it's got money to help us open our schools safely. there's money for childcare, for paid leave. it gets needed resources of state and local governments to prevent layoffs of essential personnel; firefighters, nurses, folks -- schoolteachers, sanitation workers. it raises the minimum wage. it's big and it's bold, and it's a real answer to the crisis we're in.

there's one more thing, and i want to say it very clearly, be very clear on this point. it's better with economics. it not only addresses the immediate crisis we're in, it's better for the long-term economic health of our nation and our competitiveness. my plan creates more jobs, creates more economic growth and does more to make us competitive with the rest of the world than any other plan. don't take my word for it, just look at what leading economists across the nation have said and across the ocean have said. wall street investment firm moody's says if we pass the american rescue plan, it will lead to 4 million more jobs than otherwise would be created. the nonpartisan brookings institution has looked at the american rescue plan and said the gdp of -- will reach pre-pandemic projections by 2021, meaning we'll have recovered at the end of 2021.

much sooner, by the way, than if we do nothing. look, just this week the congressional budget office projected that if we don't take action, it would take until the year 2025 to return to full employment. there's also a i growing chorus of top economists -- right, center, left -- that say we should be less focused on the deficit and more focused on investments we make and make now on jobs, keeping families out of poverty, preventing long-term economic damage to our nation. the simple truth is if we make these investments now with interest rates at historic lows, we'll generate more growth, higher incomes, a stronger economy and our nation's finances will be in a stronger position as well. and the path won't just be in jobs, but in our -- payoff won't be just in jobs, but in our

global strength as well. so the way i see it, the biggest risk is not going too big. it's if we go too small. we've been here before. when this nation hit the great recession, barack and i inherited it in 2009, i was asked to lead the effort on the economic recovery act, to get it passed. it was a big recovery package, roughly $800 billion. i did everything i could to get it passed including getting three republicans to change their votes and vote for it. but it wasn't enough. it wasn't quite big enough. it stemmed the crisis, but the recovery could have been faster and even bigger. today we need an answer that meets the challenge of this crisis. not one that falls short. and that's the issue facing the country right now. what republicans have proposed is either to do nothing or not enough. all of a sudden, many of them

have rediscovered fiscal restraint and the concern for the deficits. don't kid yourself, this approach will come at a cost. more pain for more people for longer than has to be. secretary yellen talks about the scarring effect that comes with prolonged economic pain. we see that scarring effect in economic data. but more important, we can see it in the lives of people living with long-term unemployment, living in hunger, at wit's end over how to keep their jobs and take care of their kids. and then he talks about the need to alleviate long-term suffering in the economy. we can do that. we don't have to wait until 2025 to get back to full employment, which will be the case if we don't do this. again, independent analysis from places like moody's, on wall street, the brookings institution, the american rescue

plan would achieve that by the beginning, full employment, by the beginning of next yearful so to me, this is what this moment comes down to. are we going to pass a big enough package to vaccinate people, to get people back to work, to alleviate the suffering in this country this year in that's what i want to do. or are we going to say to millions of americans who are out of work, many of whom have been out of work for six months or longer who have been scarred by the economic and public health crisis, don't worry, hang on, things are going to get better. we're going to go smaller, is so it's just going to take us a lot longer. like until 2025. that's the republican answer right now. i can't in good conscience do that. too many people in the nation have already suffered for too long through this pandemic and economic crisis. and telling them we don't have

the money to alleviate their suffering, to get to full employment sooner, to vaccinate america after $8 trillion in deficit spending over the past four years -- much of it having gone to the wealthiest people in the country -- it's neither true nor necessary. we do have resources to get to full employment sooner. we do have the tools to reduce a lot of suffering in this country. we just have to choose to use them. so it's time to act. we can reduce suffering in this country. we can put people back to work. we can control, gain control of this virus. that's what the american rescue plan does. that's what i'm determined to do. and that's what i hope we're going to be able to do in the near term. so may god bless you all, may god protect our troops, and i truly believe real help is on the way. thank you all so very much. thank you.

>> mr. prime minister -- -- mr. president -- [inaudible] neil: all right, go big or don't do it at all. you just heard from the president of the united states. as i've been telling you here, they are very, very aware of what happened back in 2009 when then the obama administration, remember joe biden was his vice president, they were trying to steer through an $800 billion emergency relief package to sort of goose the economy. in retrospect, and president biden referring to this, it was a big lament of barack obama's as well pointed out in his book, by the way, that they wished they had gone still bigger, but it was the only way they could get the support for what theyedy had. keep in mind, concurrent with that was the federal reserve what would be a multiyear slash to bring interest rates down, a policy that, iron create, remain -- ironically, remains in effect today. i want to get the read from erin gibbs on this, jim he camp as

well. erin, it's very, very clear that the president said he would love republican support, but they're not going as far as i think they have to go. his signal is i'd love to have you with me, but i'm going to get this done with or without you, and wall street seems to be okay with that. what do you think? >> yeah. well, wall street loves more money flushed into the season regardless of deficit concerns. so this combined with additional positive vaccine news is, obviously, pushing all the markets up whether it's small or large. we like to hear that there's going to be a cash infusion coming along. neil: you know, jim, the employment report might have just paved the way for the argument that the president was making just now. you know, the 49,000 jobs gained, a lot less than we thought, also the prior month's data from december revised sharply higher in terms of the number of jobs lost. so that n a way, is helping the administration's cause.

or do you think they're overusing, that overleveraging that? >> well, i mean, if we want to talk about whether they're spending too much money, the answer is probably yes. i mean, this whole thing feels like a house of cards sitting on a pile of sand. as far as the markets are concerned and the economy, the economy, neil, has started to slow down its recovery in -- a little bit. it's a little bit too far in front of the vaccines really setting in for this economy to really have any room to slow down at all. we've seen some slowing down in manufacturing, and and we've seen a lot of slowing down in jobs. so, yes, stimulus is coming. now, we can certainly argue about whether stimulus should go and how much stimulus should be, but the reality as far as the markets are concerned is it's more stimulus, more booze in the punch bowl, the party keeps going on. this is going to make money cheap and available for corporations. we've seen corporate earnings, they're doing extremely well. we have an early stage economic

recovery, a ton of stimulus coming into the system. and in terms of the market, that's great. in terms of the economy, we'll see if it goes to the right place. you could certainly quibble with where some of this money going and the effect it will have on the actual economic recovery. neil: you know, we're showing right now, erin, the 10-year note, 1.15%, 30-year across 2% while in and out of that level, those are still very, very low levels, don't get me wrong. but i'm wondering if they're telling you something, the bond market as well sees a pick-up in economic activity that is going to bring with it an uptick in prices. not a severe one, but that we've been so low for so long, maybe those days are numbered. >> yeah -- [inaudible conversations] neil: erin first, and then i will go to you, jim. >> sorry. i think what's really interesting, not only are we seeing an uptick across

different time periods, but the yield curve, the difference between the longer-dated treasuries like the 30-year versus the 5-year, that spread has really increased. so that's saying that we're really looking positively toward much farther in the future as well as the 10-year. so that just overall gives us a good sense of we see this recovering, we're positive about the future. and even as we're looking at rates, we're not seeing astronomically high rates. we're just saying we might get back to some sort of normalcy where we're looking at 2% inflation and a healthy recovery period. and this is good for lots of industries. and so i really see this as being a positive indicator of much farther ahead in the future. neil: jim, very quickly, the president says i'm not cutting the size of those stimulus checks, i think $1400, but perhaps cutting down who gets them. so it'll be a limited pool of people so that guys like you don't get them. [laughter]

but i'm wondering -- a bad joke. i'm just wondering what will the impact be if fewer get them? it's too soon to tell, but your thoughts on that. >> well, we've seen in the past, with the past checks, neil, is that people are saving money, and they're not really spending it. there's a savings rate in the united states that has gone up to multidecade highs right now because people are nervous. they're nervous about their job situation, and they're nervous about how long this economic recovery's going to take to set in. so the good news about that is that the tremendous amount of pent-up demand for people to get out and spend money, for people to go out and travel, and that's what the market is betting on. companies are really saying now that they're going to make more money than they thought they were going to, and if you add this fuel to the fire of the still the plus checks coming in -- and i agree with you that people at the lower ends of the stratus up to the middle end of the stratus will be more likely to spend the money than people

that have higher incomes and don't really need that in terms of being able to live on a monthly basis. so, yeah, give it to the right people, it will have a multiplier effect to some degree. problem is you really need to set the stage for jobs to come back, you really need to have a pro-business attitude to go along with this. and if you start with an anti-business attitude and just feed stimulus checks, it's not going to be long lasting, and it'll be not too long before we need more checks for people. maybe it's good for the market, but it's not necessarily good for the economy unless you get those jobs going, and you have to have a pro-business administration to do that. neil: well said. jim, erin, thank you very much. again, this is just the rescue package. there is another one coming after this, a recovery plan. till after that, an infrastructure plan. and a lot of you have been e-mailing me over the last couple of days, what about those tax hikes?

separate package, not part of this coronavirus, $1.9 trillion stimulus package plan, rescue, whatever you want to call it. but the president has given no sign that he is abandoning those tax hikes. they're just not part of this. a lot of other spending is. wall street likes that. these guys aren't red or blue, but they love green. ♪ let's go. ♪ tomorrow's good, tonight is better. ♪ oh, oh, let's go ♪♪ governments in record debt; inflation rising and currencies falling. but i've seen centuries of rises and falls. i had a love affair with tulips once. lived through the crash of '29 and early dot-com hype. watched mortgages play the villain

beside a true greek tragedy. and now here i am, with one companion that's been with me for millennia; hedging the risks you choose and those that choose you. the physical seam of a digital world, traded with a touch. my strongest ally and my closest asset. the gold standard, so to speak ;) people call my future uncertain. but there's one thing i am sure of...

♪upbeat music♪ transitions™ light under control. ♪upbeat music♪ transitions™ signature gen 8™

available now, in 4 vibrant style colors. transitions™

>> let me emphasize again that tims running out. we need our kids back in school. we need our parents to have that option. neil: all right. but the problem right now is that a lot of teachers unions in cities and states across the country are defying their mayors

and governors in places like atlanta, washington, d.c. and a host of other places where they figure right now that it's a little too rest key to go back to work -- risky. even president biden in announcing this $1.9 trillion stimulus plan, the biggest chunk of that will be related to the virus, the vaccines, more testing and all of that. but again, none of this changes unless we change and get our kids back to school, teachers back in the classroom and americans period back to work. jonathan serrie following the unfolding drama right now in atlanta where the two are not on the same page, huh, jonathan? >> reporter: yeah. when you look at some parents, state and local officials, many of them are eager to get kids back in school. and it appears that the emerging data coming from the scientific community is on their side. take a listen. >> increasing data to suggest that schools can safely reopen and that safe reopening does not

suggest that teachers need to be vaccinated in order to reopen safely. >> reporter: the cdc published a study that found schools in rural wisconsin that practiced strict social distancing and masking had lower rates of covid-19 than the surrounding community, and most of the infections occurred off campus. teachers unions in major cities, though, have been pushing to delay reopening classrooms until teachers can be vaccinated and additional safeguards are put in place. and the white house holding off on making a recommendation. take a listen. >> -- spoke to this in her personal capacity. obviously, she's the head of the cdc, but we're going to wait for the final guidance to come out so we can use that as a divide for schools around the country. >> reporter: and as teachers await vaccination, the e emergee of new rapid tests may offer an additional venue for reopening schools. right now officials are still trying to figure out best practices when it comes to how

frequently teachers, students and of staff should be tested. neil? neil: all right, jonathan, thank you very much. which is why the vaccine has become an important issue. johnson & johnson wanting emergency approval for its vaccine, to get it out in people's hands and quickly. the difference is it's a one-dose deal. stay with us, you are watching fox business. at t-mobile, we have a plan built just for customers 55 and up. saving 50% vs. other carriers with 2 unlimited lines for less than $30 each. call 1-800-t-mobile or go to t-mobile.com/55.

new projects means new project managers. you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. claim your seventy five dollar credit, when you post your first job at indeed.com/home. in these uncertain times, it's important to own physical gold. fortunately, there's an easy way to invest at the source right here on american soil. we're golden independence and our advanced stage nevada gold project is located within the largest gold producing complex in the world with an historical resource of over one million ounces and active drilling to expand even further. time is now for golden independence.

when you switch to xfinity mobile, you're choosing to get connected to the most reliable network nationwide, now with 5g included. discover how to save up to $300 a year with shared data starting at $15 a month, or get the lowest price for one line of unlimited. come into your local xfinity store to make the most of your mobile experience. you can shop the latest phones, bring your own device, or trade in for extra savings. stop in or book an appointment to shop safely with peace of mind at your local xfinity store.

aaaand welcome back to guess the price ok johnny tell our contestants about eargo. johnny: these top of the line hearing aids from eargo are straight out of the future they're rechargeable and virtually invisible in your ears and you don't need to visit a doctor to get them. they ship right to your door and come with lifetime remote support. host: convenient. right? guess the price and they're yours. $8,000 host: too high. $6,000 host: no $5,000 host: too high $3,500? host: oh, too high. eargo's are affordable and retail for about half the cost of traditional hearing aids. unfortunately nobody won. johnny tell our contestants about our lovely parting gifts. johnny: it's a peruvian pan flute. host: well that's all the time we have for now. we will see you next time, bye bye i heard that show your ears some love on valentine's day with $350 off eargo neo hifi. it's our best deal on our best product. call or go online now and if you're an active or retired federal employee you can

now get eargo at no cost to you. neil: all right, you're watching jared bernstein with the white house council of economic advisers outlining the push to get this $1.9 trillion stimulus plan through and to do it quickly. we're monitoring so see, but the president said one way or another they're going to get this done. they want to be fast on this, they want to be very big on this. they'd love to do it with republican support, no guarantee they'll have that, but it's the size of the thing that's going to matter. does that make a big difference here just to the financial community? >> it's certainly a concern. obviously, there'd be a lot of preferences for being a little more thoughtful, being able to help small businesses more directly than this type of helicopter drop that is, you know, quick and easy but may not

necessarily get spent. some of the people who receive these checks may not be spending them. so, look, it's positive that there's an influx of cash and certainly a large majority of it will be spent, and that is good for the financial community. we want to see companies be raised, and that's also very positive on a sentiment business which pushes markets up. but, you know, there are always complaints that it could have been done with a little more thoughtfulness. neil: you know, jim, the president often quotes moody's saying this is going to help the economy, like me giving a stamp of approval to napoleons saying they're good for you and will help you lose weight. moody's would profit handsomely off a lot more public spending if it underwrites a lot of that debt. so it has an interest in that. leaving that aside, i'm wondering if you agree though that this will be stimulative to the economy and that there'll be

a wave of in this type of stimulus, apparently with infrastructure spending plan, a separate recovery act that goes apart from this covid stimulus relief. what do you think we're in store for now? it's going to be a year of a lot of spending and wave after wave of it. what do you think? >> well, i don't want to be a debbie downer here, neil, but when you get an economy that's overindepartmented like the united states -- overindebted like the united states, history shows that the stimulus packages actually overall are have a negative multimeyer. -- multiplier. when you put money directly in people's hands, that can be a positive. but let's look at who's really hurting here, restaurants, hotels, etc., these small businesses that are still shut down or at 25 or 50% capacity. you have people in forbearance, and there's not a lot being said about what they're going to do about that. this is just throwing a lot of money. and historically, when you just throw a lot of money at an

overindebted economy, it does not have anything but a short-term effect, and that's what i'd be concerned about here. the other thing to know is that the infrastructure packages, every president since reagan is talking about infrastructure deals. but once you get to the nitty-gritty and start arguing about who gets what, it's really difficult to pass those bills. i mean, obama said all during his administration, shovel-ready infrastructure deals, never happened. and it's not just republican or democrat thing, it's just a states thing, and it's really tough to do. so call me skeptical that they can get a massive infrastructure bill done. neil: all right, debbie downer, thank you for that, jim. [laughter] always appreciate it. erin, appreciate it as well. we've got the dow jones industrials confident right now that maybe they're on to something here. we'll see. ♪ ♪

trelegy for copd. ♪ birds flyin' high you know how i feel ♪ ♪ breeze drifting on by you know how i feel ♪ [man: coughing] ♪ it's a new dawn, it's a new day... ♪ no matter how you got copd it's time to make a stand. ♪ ...and i'm feelin' good ♪ start a new day with trelegy. no once-daily copd medicine has the power to treat copd in as many ways as trelegy. with three medicines in one inhaler, trelegy helps people breathe easier and improves lung function. it also helps prevent future flare-ups. trelegy won't replace a rescue inhaler

for sudden breathing problems. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. it's time to start a new day. ask your doctor about once-daily trelegy. and save at trelegy.com. ♪upbeat music♪

transitions™ light under control. ♪upbeat music♪ transitions™ signature gen 8™ available now, in 4 vibrant style colors. transitions™

neil: i think the call the democratic phone court press, the market is up from everyone right now, doug bernstein the economic advisor made an argument that we need to go big and by big not a penny less and

at least $1.9 trillion on covid related stimulus. mr. bernstein pointed out something interesting when you look at down employment figures, the latest one even though the rate came down to 6.3% we only gained about 49000 jobs in january in the prior month we lost 227,000. that was up from 140,000 originally reported, essentially mr. bernstein is saying we've got to do more, a little statistic within that he said about 40% of the unemployed in this country have been that way for six month or more, they should not only benefit from more jobless relief of the stimulus checks as well. joe biden addressing the nation a little while ago talked of the need of banking that is happened sooner rather than later make it to the 1400-dollar checks are targeted to the right people so they can get spending again rather than later. therein lies the president says he wants republicans to go along with but if they cannot they

can't and if they're not going as far as i think that we have to go. blake burman has been following all of this. >> we in the week over here at the white house a lot different they from where things started earlier this week. it was monday evening when president biden hosted ten republican senators in the oval office, spoke with them for a couple hours afterwards, the white house had described that is a very constructive meeting and exchange of ideas and it seemed like there was potentially maybe a way that the white house and republicans can work together on a release package even though they were $1.3 trillion apart. fast-forward to what we heard from the president today inside the white house and president biden suggested that democrats at this point believe they need to move on and push forward the $1.9 trillion package. >> today we need an answer that meets the challenge of this prices, not one that fall short. and that's the issue facing the country right now. what republicans have proposed

is either to do nothing or not enough. >> the president also made it clear it relates to the direct payments that you just discussed $1400, there has been some discussion about lowering the income threshold meeting exactly who might be eligible for the $1400 checks of course money as well for those who have adult dependent or child dependent. before we had for the president, he will also heard from the now speaker nancy pelosi she was among the house republicans who met with the president for two hours or so. house speaker made it clear democrats in the house can pass the measure by march, the house speaker also saying that at the beginning of the meeting the president looked at the congressman who would oversee a potential infrastructure package and the president said you are next meeting whenever democrats move on from the stimulus plan the president intends to go forward with infrastructure and

i asked the house speaker how potentially tax reform would fit into all of this. i know that's a long way down the line but as you also know it is something that democrats have been talking about in this president has been talking about for quite some time. the house speaker did not want to engage and she said they are focused on passing this package, a package that democrats seem content to try to go out it alone. neil: on with tax reform, even though this would be a separate issue, nancy pelosi dodged a direct question in the matter. it seems the administration is still intent on raising the corporate taxes of 21% - 28% on fact on the well-to-do 4000 were over they will see their rate climb another less percent. that is not been sidelined ignore just not now. >> 100% correct, democrats are

trying to get the stimulus measure passed through reconciliation meeting go out it alone in the senate. the reason that is important they can only get that done once every fiscal year, it is possible that they could go that route of something else budgetary, maybe tax reform, maybe infrastructure at the end of this year. you are right it's not an idea or a policy that is tucked into the major but it is still something that democrats eventually want to do. the question is when might they do it. i asked the press secretary jen pataki about that, is why asked the speaker of the house the top democrat on the hill about it today and she did not want to engage today. something that they're not really talking about right now but very clearly a gold that they have at some point. neil: blake burman thank you very much, blake burman at the white house, the gist of the president's approach goes back

to what nancy pelosi was saying and the president echoed a short time ago. the risk of doing too little right now sort of going to big, they are going big the $1.9 trillion big, congressman joint is now republican congressman problem solver, it's always great to have you. >> thank you. neil: he does not want to go a penny smaller, what do you make of that? >> we all should work together here and come up with a bipartisan package that's what we've been talking about, clearly you mention the problem solvers, the problem solvers are all about finding negotiation finding compromise and we have a bicameral approach with the senate the ten senators went over to speak with the president, it's not a favorable way to go, $1.9 trillion is clearly an immense amount of

money we got to be concerned about other things, we have problems to take care of our schools, our vaccinations, our testing, i'm not satisfied at all what were testing on, problem solvers came up with an idea of slicing off $160 from that bill that would include vaccinations and testing and more money for hospitals and deal with the problem that we had to solve the vaccination issue but supercharge it, that can heal a lot of sins that will allow us to open up the economy more and we can get that done i get that done fast little 1.9 trillion after reconciliation and everything else that could take months, nancy pelosi same four weeks, seven weeks, eight weeks, it could be more than that, we need to act now on what we can agree upon.

neil: i agree it's hard to keep up with sin this package, to your point. but the idea of 160 million standalone vaccines/virus addressing testing package makes perfect sense to me. the way the president biden seems to explain it is that the virus spending for more testing is part of this package you did not break it down to the degree you're trying to do in a separate major, do you know something similar to that will be in the big package, you will get your way but it'll just be rolled into the overall $1.9 trillion plan. >> that is right, that is eight weeks out, ten weeks out but it is 160 billion allocated more or less in the same way, we just want to separated out now, problem solvers do and get this done and then we can continue to work on a targeted approach that will help our economy and help with some funding for states.

were not against that, i'm not against as a republican but some of the numbers that are in the next bill three had a $50 billion for states, we came up with a number under 200 that would pay down the revenue loss of states, this is excessive and you know this as well as anyone we have to worry about our debt representative to look at the value of the dollar inflation, interest rate increases in the north of a half trillion dollars in debt payment on the u.s. debt. neil: you have been concerned about that debt and spending more money for quite some time so you are not one of these shifting with the political winds and say now were concerned with that, we will see what happens. thank you very, very much. let's get a read from susan li and dr barton the principal there, susan looking at this

what the congressman was saying, it is interesting they have a little bit more from this they and generally what they're crediting. they were able to sort of get the president to address exactly who gets these checks and republicans by and large were for limiting who gets it, in other words only the most deserving, not surprise people but had they not made that push k probably would not have seen that, i'm just wondering whether the frustration that republicans are feeling that this is a preview to coming attractions everything will be ran down their throats, they have to accept it or move on, it looks like they have to move on for the time being. >> of price tag 1.9 trillion add to the 2 trillion cares act back in march and 900 billion back in december, if you compared to 2008 which was a severe financial crisis, the headline was 800 billion-dollar package and people were already up in arms over $800 billion back

then. you can see of inflation-adjusted but when you hear larry summers who was a top obama economic advisor, what he says we don't need this type of money because parts of the economy are running very hot. when people get corporate america $100 billion sales quarter for apple and amazon in the final three months of last year and how are you going to fund all of this spending it comes in the form of higher taxes, in the end the american people do have to pay for this. neil: br, everything comes down to the vaccine, getting them out, johnson & johnson the latest copy right now to say let's get emergency approval for our one dose vaccine, that would bring to about a half a dozen companies biotech giants that had various treatments on the table. you get those out in a better way to reach people a lot of this problem goes away this is problematic what do you think?

>> i think it's very important that we find a way to more effectively manage the logistics of this, were ramping up manufacturing and doing a lot of that and were still hearing from on the ground trouble getting these things into people's arms, were doing 1.3 million a day and we need to make that much quicker because that as you say will take care of what we saw in the unemployment report, the payroll report this morning that were really not building back up the hospitality oriented jobs were actually losing them and that will be a key to economic recovery for 100% sure you hit the nail on the head. neil: it was interesting that they chose today to debut all of this. if you think about it with the employment report even though the rate itself came down to 6.3%, the 49000 jobs, it was a lot less than thought in december ratcheted up in terms

of job loss, that is the case of timing and leverage to sell inexpensive plan. >> what did they say where there's smoke there's fire, do you think this was a coincidence since the u.s. economy we are still short 10 million we lost about 10 million jobs i have not come back during covid but i think it was an opportunity time to unveil this thing that the american people need help, a lot of people say targeted help, we do want people back on their feet, we don't want people in poverty or living in poverty or not being able to put food at the table, but at what cost. when you take a look at the after effects of spending all this money, death and deficits do matter if we weaken the dollar the u.s. economy in the u.s. government will have to fork out more in order to cover that debt, just in interest payments alone. neil: we seen a slight uptick in rates, nothing too alarming, 30 year in and out of 2% and a ten

year around 1.115. i am wondering, is that the stuff you are noticing and saying you don't shoot until you see the whites of it, i get that, but as a getting to be something you're paying attention too? >> i'm watching for signs of that and were not really seeing it in the wage growth numbers yet and one of the things that fed chairman powell has said that they are willing to let that inflation number overshoot, yes it's certainly something to watch in the morning money and susan gave us a great rundown of all the cash that's been poured in just on the physical side just from congress and that is a concern of will we have much more cash chasing the same amount or even during the covid times of fewer amount of business services, that typically leads to inflation so we have to keep an eye on it just not seen it yet.

neil: dr, great seeing you again, susan thank you very much. in the meantime we should alert you on a lot of the trading around robinhood that is lifted trading restrictions on gamestop, a whole host of other players, is smooth things out a little bit for those issues, charlie gasparino whether this is just the calm before another storm? after this.

some say this is my greatest challenge ever. but i've seen centuries of this. with a companion that powers a digital world, traded with a touch. the gold standard, so to speak ;)

where it will end up today, all the stocks are off their highs. what is interesting, that has not ended another big speculative but which a lot of people say is related when i say traders i speak to, that is bitcoin, look a bitcoin right now it is starting to approach its all-time high which was set in january of $41000, it's now at about $38000 and rising and from what i'm hearing from my sources is the same trader profile of the amc, read it, gme crowd isn't crypto currency in its trading up as another short squeeze and buying frenzy ends. it is really interesting and i think this is going to be coming up in those congressional hearings were the senior e b q qionestioneio andst'sd ghi

cly rlmethinrlmeth thag ts i g ainit atle atlit atlitit of or your aur hav i a at atoes doesss fu m el m i m he tket.ket.t. i'm sayi'm say i aay ieegrh th t butthautt'sutt'sarlysar toilly betbeet heae ieasreas talhehehe of hi ton ftoro con c desdesnd that'st' how they'rehe' e robie nhdnhxecutivesti tvehast ell b b calleo testifyes a thth gth g tthee com up up u swer tswhem.he tt answer why it's users are doing nothing more than speculating and driving prices up beyond any reasonable degree, they're gonna have a problem with this, they will face massive new regulation when you face massive regulation and you try to go public, those two

do not mix. clearly what we have here is another bubble in the making, a bubble that's been around for a while but clearly starting to heat up again as bitcoin approaches again that 41000 level and from what i hear from my trading sources, it's a similar investor profile it's the right it robinhood guys moving to a new place to roll the dice in its bitcoin. back to you. neil: another reason to hate you. way to go. >> i cannot wait to see my twitter page after this hit. i know it is coming. neil: i am tweeting you now. thank you, my friend, charlie gasparino moving his own. he discovered the facts without trying to attack the political agenda. hell on earth to imitate that. we have a lot coming up apparently this weekend is for a football game, apparently a big one with the latest in tampa

cheryl kiss tony. >> if you hate charlie gasparino you may hate me more because it's 78 degrees in tampa, not the same super bowl as last year but a covid save super bowl , lava live report coming up after the break. this is cavuto "coast to coast". we'll be right back. ♪ mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪♪

living with metastatic breast cancer means being relentless. because every day matters. and having more of them is possible with verzenio, the only one of its kind proven to help you live significantly longer when taken with fulvestrant, regardless of menopause. verzenio + fulvestrant is for hr+, her2- metastatic breast cancer that has progressed after hormone therapy. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor, start an anti-diarrheal, and drink fluids. before taking verzenio, tell your doctor about any fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. life-threatening lung inflammation can occur. tell your doctor about any new or worsening trouble breathing, cough, or chest pain. serious liver problems can happen. symptoms include fatigue, appetite loss, stomach pain, and bleeding or bruising. blood clots that can lead to death have occurred. tell your doctor if you have pain or swelling in your arms or legs, shortness of breath, chest pain and rapid breathing or heart rate, or if you are pregnant or nursing. every day matters.

and i want more of them. ask your doctor about everyday verzenio.

neil: it's not been a normal football season like it was not a normal baseball and not a normal basketball season but it's football for the big game and big day on sunday they are trying to say it's better than the alternative, no game at all. the latest from tampa wish erica sony, enjoining the wonderful weather. >> i'm sorry, it's nice to be out of new york, good to see

you. i have to tell you, this is a very strange super bowl this is super bowl lxv they never experienced anything like this before, the pandemic the host is doing a great job keeping everybody safe there were at the nfl experience which is completely outside to point of a mile on the tampa waterfront masks have to be worn you have to load an app on your phone and complete a health questionnaire before you walk in the door and social distancing requirements i'm away from all the fans so i decided to take my mask off. it's a very different super bowl , no tailgate on sunday, 25000 people only that is caps and no parties at night which is kind of normal super bowl story, but luckily for me a man name joe theismann, you may have heard of him, quarterback, amazing, he was here in the tampa area, we caught up and i asked him about tom brady, patrick mahomes reiber early, there is a little bit of an age difference.

here's what he told me. >> here's what's great tom still continues to go and play at the level he's always played at that is the exciting thing, this is his tenth super bowl , this will be the 55th, he's played in 18% of the super bowl that existed. patrick is on a back-to-back run. >> i do not know about you if you're reading for one team or the other but i'm kinda rooting for the old guy i would like to see tom brady with another championship ring on sunday. it's a very different super bowl , the economic impact is not what to him but wanted it was 572 million for miami last year it will be about 150 at best for tampa that is unfortunate, i will say we will get a good game on sunday. there is that. neil: and the warmer weather. thank you very much, great job cheryl could entered in the

middle of that. gerri willis is here, a lot of betting going on because that you can do safely from home. >> sure you can do it from online. online betting is expected to search to a new all-time high of $500 billion up from $300 billion last year and it's all about the popularity of online wagering in the fact more and more states are legalizing it. in fact more than half 51% of americans are expected to bet in some form on sunday's game between the tampa bay buccaneers and the kansas city chiefs and many will do it online, 7.6 million of the 20 3.2 million who will legally wager on the game will do it online. last year another seven states allowed online betting ring in the total number 220, this all comes as fox that on fox

corporation the parent of this network in addition to stars casinos, officially launched sports betting and online gambling products in michigan recently, that is the latest state to legalize online betting, fox that ceo has this to say. listen. >> if you look at how fast the overall market has grown there are now over 20 states that have some form of legal sports betting live it up running and there is broad interest in big dollars as well i think the stakes under the current environment an opportunity for them to legalize, regulate it and get the tax dollars to come with it too. >> if you want to participate check out your state because they're all different, new york state for example, sports betting is legal only if you do it at one of four casinos in the real world, brick-and-mortar in upstate new york.

as i send it back to you the biggest money gambler, sports gambler is jim backing vail they call him. >> mattress he is betting 3.4 million on this game and his biggest bet ever 11 million on the world series 2019 unfortunately he put it down on the astros, not a big win for him. neil: so many different ways you can bet on who gets what any given quarter and how many field goals, there is a lot of ways to play, thank you very much. this is one for the ages, quite literally when it comes to the quarterbacks involved, one is old enough to be the other guys dad and they have been having it at each other. take a look. >> tom brady seems like the kind of man who does not know how to use a wrench. [laughter]

>> i imagine patrick mahomes barber is a superhero who has to run out and save the world every time he gets halfway through mahomes haircut. neil: there making fun of themselves, those are nothing compared to the nasty e-mails i have to read. john tatum ceo joins us, both of those has a very good sense of humor that does help. but it is one for the ages, have we ever seen something like this in recent memory. >> dell. neil: all right i think were having some issues with your audio, let's see if we can work this out, it will get going. john you do hear me and you're looking for some excitement at this game right? >> absolutely. i think this is truly one of the

greatest if not arguably the greatest quarterbacks, the greatest winner and potentially all sports when you think of ten super bowl 's, he has 16, he's been the mvp and for, he's been no more super bowl than any team in the nfl with the exception of the new england patriots who he was there for nine of them. there is a levin nfl teams combined that have only gone to ten super bowl 's. you think of powers like the pittsburgh steelers, the dallas cowboys they have only been 28 and now tom brady will be in the tenth. certainly the greatest winner of all time raise the team, the buccaneers 7 - 9 last year end totally elevated their entire organization. let patrick mahomes is the real deal and speaking of the game playing odds, there is 9 - 1 that tony romo represents the

goat, if tony romo says the go or the little goat that nine times your money, call tony and see if he can sandbag for you. neil: there you go. i've been looking at this and what is at stake, a lot of people have forgotten that tampa itself has become the new epicenter world of sports between baseball, now football, i would not say out of nowhere but certainly they have become an unlikely sports mecca. >> absolutely, sometimes franchise you go in cycles, boston, the patriots have certainly one, the bruins have one, the red sox have one, the market can feed off the other franchises in the same market but it's been an amazing year for tampa despite all the

challenges of the 311 virus that i like to call it. that started march 11 of last year. the challenge with this year obviously you're going down 25000 people in the stands, you will have 30000 cardboard cutouts, i don't know if you and charlie gasparino have your photos and, hopefully we have your cardboard cutouts in the stands, you did not come last year when somebody from fox was in miami except for you you were the only fox family member. neil: i feel absolutely awful. this super bowl which you speal oblong egg shaped that you are so in-depth that covering. it is a good place. neil: i know. i played football in school.

neil: john yoo are the best keep her sense of humor. rick quickly who is going to win? >> who's going to win, t-mobile, t-mobile is going to win because they're the official 5g carrier of the kansas city chiefs and i need to talk to charlie gasparino we have a reddit issue going on, t-mobile shot a spot with brady and gong, they have the us amazing spot and big telcom is trying to block it from being aired on the game so i have to reach out to charlie and see if he can get it for me too unleash that super bowl spot. neil: that is weird, i did not know that. we will keep up with her, always good to see you, enjoy the game. john tatum can ask a sports ceo. you haven't noticed the whole

electric self driving push, not only elon musk and ford but what apple is doing, hyundai, achaea is a growing trend, is a demand there? after this. obsession has many names. this is ours. the new lexus is. all in on the sports sedan. lease the 2021 is 300 for $359 a month for thirty nine months. experience amazing at your lexus dealer. ♪♪ ♪♪ ♪♪ at t-mobile, we have a plan built just for customers 55 and up.

saving 50% vs. other carriers ♪♪ with 2 unlimited lines for less than $30 each. call 1-800-t-mobile or go to t-mobile.com/55.

i knew about the tremors. but when i started seeing things, i didn't know what was happening. so i kept it in. he started believing things that weren't true. i knew something was wrong, but i didn't say a word. during the course of their disease around 50% of people with parkinson's may experience hallucinations or delusions. but now, doctors are prescribing nuplazid. the only fda approved medicine proven to significantly reduce hallucinations and delusions related to parkinson's. don't take nuplazid if you are allergic to its ingredients. nuplazid can increase the risk of death in elderly people with dementia related psychosis. and is not for treating symptoms unrelated to parkinson's disease. nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm.

tell your doctor about any changes in medicines you're taking. the most common side effects are swelling of the arms and legs and confusion. we spoke up and it made all the difference. ask your healthcare provider about nuplazid.

neil: do not even think of going to the airport without a masks, tsa seen those who violate could face crimes up to $1500, when i read into this they said aggravating or mitigating factors could prompt charges that fall outside of these ranges and i'm thinking what could be an aggregating factor if you curse or said what's wrong, if i don't have a mask, something like that you will pay through the no's but they do not want to see your nose. there is that will keep on top of that and how people will pay up if they don't have the mascot. in the meantime following the

push for autonomous driving cars, electric cars, what if everyone keeps pursuing this as it looks like ford, apple working with hyundai, gm, volvo, elon musk has been four years, that is a lot of big carmakers making a lot of big bets on the future of electric. i'm just wondering, if it does not pan out what happens then, susan li with us, and dr burton. dr, i am sure folks are smarter than i and clinch the numbers and it's well worth it and this going hyundai, electric and ford and gm eventually want to do in volvo is on the way of doing. there must be something to it. but i just do not see the demand yet, is that the demand will catch up with the supply or what? >> we have technology issues coming in to support this, you mentioned to tom and his vehicles in those numbers like

ford's 29 billion-dollar commitment, a good chunk of that 7 billion is for the autonomous driving side of this, that helps out, we seen the iea gave us 2.1 million sales in 2019 with a number of electric vehicles and look like the numbers are not finalized but somewhere 3 million, 3.1 million in 2020, it looks like we've gotten about a 50% growth over the last year, still a small segment only about 3% of total sales around the world but it looks like the demand will be there when replacement market in the next few years meaning the gas powered cars will turn into electric and electric sales will

outpace gas and 15 years time, it makes sense that you're here in the multibillion-dollar investments and ford motor being the latest antigonus but 29 billion in the next five years, general motors a they're going to spend $27 billion, that's a lot of money and the reason that apple is going to tee up with hyundai, kia or even a japanese carmaker according to bloomberg because producing these cards and ramping production is a difficult thing to do, talk to tesla they have been trying to perfect this for 12 or 13 years. i think that partnership makes sense to a lot of people watching apple news. neil: you guys are the experts, but the one thing i wonder about this will change if they do two things, obviously get more mileage on a single charge of battery they've gone a long way will that some of the tesla miles can get 400 miles on it single charge and if they speed up the time it takes to charge

the batteries, many, many hours they reduce thought to minutes then it is a game changer, until they do, we might be getting ahead of ourselves, what do you think? >> you are right, there is some physics were battling against as an engineer being able to charge batteries and is not just an ev problem we want our phones to charge faster, our watches everything that we have with batteries in it, there will be technological advances but i don't think were going to be seen anything philip as fast as the gas tank anytime in the next decade but with that said there are lots of other advantages. he does look like were getting less wear and tear, fewer mute into moving parts in the electric car than a combustion engine, there is lots of positive there but i thick with the price of gas, depressed like it is because of all the oil we are pumping in the u.s. out of shale in particular, that

revolution has postponed the electric car jump quite a bit because it is so cheap to put that high density gas in a car still today. neil: wrote quickly susan, the one i've been hearing is china. they have great control over the battery and the stuff that goes into the battery market. we are not on the best terms. >> china is the biggest car market in the world, it's an opportunity you see that would tesla wyatt rallied a hundred% over the past year. getting back to battery technology something happening in china with neil instead of filling up your battery empty they can just which it out with a full battery instead, wouldn't that be something, maybe we can pick that up. neil: just like charlie gasparino, going and filling up his girl, that is interesting, i like that idea. susan, the thank you, br i hope

you enjoy the game. i heard there's a big one enjoy it. we have a lot more coming up how to survive tough times, it's tough enough on small businesses, it is doubling tough on african-american owned businesses. more after this. ♪

neil: black history month, you learn a lot when you start to study up on it, the fact that black-owned businesses have a tough time these days and vertically during the pandemic were twice as many are likely to fail over the white owned counterparts. my next guest is an exception to that rule, since she was a little girl with her grandmother wanting to collect precious colored glass, she was surprised it was a more readily available and she said i think there is a retail opportunity, she doing this right now with self colored glass, huge success thanks to her efforts to keep pushing something her grandma taught her. great to have you.

>> thank you very excited to be here. neil: good, that we had problems there. stephanie, how is business right now during the pandemic and how you're putting up with all of that? >> business right now is going very well, as you mentioned it's pretty much an exception in terms of african-american businesses we seen a definite uptick in business gradually over the pandemic, actually it was pretty drastic at first and we basically seen a significant uptick in business all the say it like that, we seen a high demand for our products and consumers are at home more in our products glassware stemware are perfect for home

entertaining so we are seeing a significant uptick in business. neil: did that pick up online did it become kinda difficult to have stores and people physically together in a store? >> when the pandemic first hit yes we did see -- only at the time when the pandemic started in march at the time we did not have a wholesale program, we were just selling directly to consumer and we saw a really quick incline, increase in demand for products. and then we got a lot of attention from different media on sources and i'm just seeing again and increasing demand for our stemware and other pieces of gifts for all kinds of occasions that are customers can't actually go to physically but

they're sending a nice gift that is something outside of the norm in our pieces or basically vintage pieces reinvented and modernized so their unique pieces and making for great gifts. neil: i know when your little girl and following your grandma's enthusiasm for this, you just notice the quality was not there. people when they look at colored glass and they say colored glasses colored glass, but that is not the case. >> what we thought of this business idea, my intention was i really respected the color glass that my grandmother collected but when i looked at and i really wanted to make it have a clean in screen line look for modern home and i wanted to create a luxury brand, a really high quality piece were very important to me, that's what i really wanted to bring to market

and after years of research we have been able to do that and our pieces are really built to be heirloom pieces and were really excited and really pleased with the final product that we are offering to our customers. neil: it does look like pretty interesting stuff, stephanie, thank you very much. she is the owner and survive through pandemic and no doubt after the pandemic and it helps to be online because once people hear you, then they hunt you down. more after this. ♪ for the rest of your life. with sofi it's possible to get them paid off and start new. ♪♪ ...

meet whitney and jane. -hi! -hey! they're always sharing tips on ways to save money and make life a little easier. cvs carepass... it's my savings secret. love. carepass members get 20% off cvs health brand products. whoaa! did you use all the bandaids? members also get free 1-2 day shipping... oh cool. plus, a $10 monthly promo reward to spend on anything... even nail polish? ...all for $5/month. thanks for sharing! join carepass today and get a $10 monthly reward as a thank you. cvs. healthier made easier.

♪upbeat music♪

transitions™ light under control. ♪upbeat music♪ transitions™ signature gen 8™ available now, in 4 vibrant style colors. transitions™ for some of us, our daily journey is a short one when you drive less, you pay less with pay per mile insurance from allstate

you've never been in better hands allstate click or call for a quote today neil: all right, here is one way to get more vaccines out get 100,000 troops to make sure they do get out. i'll be taking about that with dr. fauci today on your world at 4:00 p.m. and where all this is going now to charles payne. hey, charles. charles: hey, neil thank you very much good afternoon, i'm charles payne, this is making money. breaking right now all the major indices are higher and sectors in the s&p 000 are higher but there's a major shift in leadership. the market getting everything that it wants more stinks, more vaccines and stronger earnings and some of the best businesses are here to break down what it means for your portfolio and where the best opportunities are and i've got two of the very best economists on how much all this free money will eventually cost us and dramatic declines in american satisfaction on key issues on crime to race relations. and it's super bowl weekend and there can be plenty of ways to ke