the market. the retail guy arrived in big terms, big time. the millenials are out there investing first time. they're in the market affecting it. i welcome it, susan. i really do. my time is absolutely up. neil cavuto is back. neil, it is yours. neil: thank you stuart, very, very much we're watching what is going on with bitcoin right now. you're right, it is sort of a phenomenon in its own right. in and out of the high 47,000-dollar range. we'll explore what is propelling this. a lot has to do with a official blessing from elon musk. talk of apple as well could start using it as a mechanism to buy and sell things. apple gets involved. that would be a big game-changer. we're following developments as well as an impeachment trial starts less than an hour from now. welcome, everybody, i'm neil cavuto. we're watching "coast to coast." thank you for my buddy gerry baker filling in ably in my

absence. he was watching developments as well. the drama building on capitol hill with the start of the impeachment proceedings. we'll talk later on with representative jim jordan who says it's a waste of time. chronicling in a intriguing editorial today said this sets a dangerous precedent as well a number of senators, at least five of them, are open to the idea of at least censuring the president and couple of them to convict him. they need 17. are they anywhere near that? it kicks off in about an hour. edward lawrence. you're following this, much of today is devoted whether this is worth the effort they can proceed. in other words, making constitutional argument to proceed. it looks like they have the votes for at least that, right? reporter: similar to the bill that was tabled last week that republicans wanted. the impeachment trial of president trump, the second one,

starts in an hour. you will hear whether the impeachment is constitution small. debate is majority vote to go forward or not. they will have the majority with democrats voting in unison. they may get five or so republicans on that. the tomorrow, the opening arguments of house impeachment managers that starts 16 hours of their case. former president trump's defense lawyers will get 16 hours after that. this is followed by questions, answers possibly calling of witnesses, then a vote in the senate. democrats will likely use video of president trump's speech made on january 6th. they will claim he incited an insurrection at the u.s. capitol. >> we're going to see evidence that has not yet been revealed. it is my understanding. i haven't seen it, there is videotapes from law enforcement we're going to see, that has not been yet on tv. and i think it is really important for us to hear all the evidence. reporter: republicans say the

impeachment in the house happened without any hearings, no witnesses. went straight to a vote. senator lindsey graham today says you can't even get a parking ticket with less due process than that. senator mike lee adds that democrats need to be careful playing with the constitution like this. >> we start saying right now that there is no time limit on the appropriate time frame for impeaching a president, you can impeach a former president, i think it will take us to a place that is not good for the country. what we need right now is unity and this doesn't help. reporter: former president trump's attorneys call this political theater. democrats need 17 republicans to vote with them in order to get a conviction. that is not expected to happen. back to you. neil: i have also heard a general timeline on this, edward, it could be wrapped up as early part of next week, is that feasible? reporter: that is true because it is up to 16 hours that each side gets. they don't have to use all of

the 16 hours. if there are no witnesses that are called, the witnesses then would extend the length of the trial. it could be early next week but if you get a lot of question and answers, if you get some witnesses that are called, then it could stretch a little bit longer, that sort of bleeds into what president, biden administration would like to do here. this is obviously taking away attention from the business of the nation. neil: all right. edward, thank you, very, very much reminder how we cover this on fox business network, at least on to show. we are monitoring these developments as we will the kickoff of this trial less than an hour from now. we'll not live on it this is news networks their territory, we'll be all over it when i appear again on fox news channel. only taking breaks for breaks. we will monitor this, because it is deemed a potential market moving event, eastern though right now it is having very little impact on the markets at

all because most seem to think the conclusion is almost preordained. if there are surprises or been hearing the possibility of new evidence that comes to light or more incriminating comments that have been tied to the former president that come to light, by all means we will switch there and go there but for the time-being, we are aware that there are other things impacting you and your money. this is not among them. but again, we will, we'll keep an eye on it. to kelly jane torrence, "new york post" editorial board member. we have got john layfield, many other things, super read of markets, founder and podcast host. let me begin and end with you here on this notion, the markets safe to say thus far, i'm not saying it's a non-event but i'm saying it's, well, it's a non-event because they don't expect anything to happen. they don't expect the president to be convicted. they don't even expect the

former president to be censured. >> i would argue this is non-event. then president trump was actually impeached before and of course impeachment without conviction. the market didn't move at all. the market hasn't moved on any of the three presidents that have been impeached this is a former president being impeached, even about he is convicted highly unlikely will have no effect on market. political scandals have little to no effect on market as long as it doesn't affect policy dictating which certainly this does not. neil: i'm wondering too, if they are more focused, you talked extensively about this, kelly jane, stimulus where it stands looks likely $2 trillion, what are the issues that have markets anxious or pretty optimistic? >> you could read it either way, neil. and certainly we're hearing a lot of mixed messages about what

this huge stimulus might mean. it looks like it is going to be big. president biden and other democrats made it clear they're ready to go the alone. they passed resolutions that will enable them to do that, get it through the senate with just a majority but, you know, you have janet yellen saying that we need this huge stimulus, treasury secretary to get people back to work but you also have the congressional budget office which is a non-partisan, highly respected agency saying that the economy is going to pick up even without this. savings rates have been high. people are dying to get out there and spend money. as soon as things open up the cbo thinks that they will. so it is a real question why do we need to go into more debt to do something that is probably unnecessary and could in fact heat things up a little too much? you know i think there is some mixed feelings about this.

obviously more money pumped into the economy, the market likes that but at the same time it could prove to be a disaster. we'll wait and see what happens. of course, if that 15-dollar an hour minimum wage gets through on federal level like biden and the democrats would like to have it through with the stimulus, that is going to be a big job-killer. i think the markets should be concerned about that. neil: you know, if i can switch back to what we might expect, john layfield, over the impeachment timeline to get this done maybe as soon as early next week. they don't have to take up all the hours, 16 each side, go through the pros and cons whether you can impeach a former president, et cetera, but that if it does drag on, and all of sudden they are calling witnesses and that witness list gets lengthy, normally what happens, one side calls witnesses. the other side feels compelled to call witnesses.

other side goes back to respond to their witnesses on and on, is that then a potential change for the markets if that happens what do you think? >> i think it could be a potential change, potential change for the good side, not the bad side. anytime you lock up the federal government, especially consolidation of power which the market tends to not like, whether republicans are all in charge or democrats, markets generally do not like that. anytime you lock up with gridlock the federal government, especially right now they're moving some things forward, it could be a huge positive for the market, not a negative but if you look at the political scandals of the past from teapot dome, watergate, iran-contra, three presidential impeachments previous they had little to no effect long term on market. i don't think this does either. it is about the stimulus bill coming through, right or wrong, government spending, deficit spending is good for the economy and good for the market. also just as important is the covid numbers that are coming

out right now. they're declining rapidly. looks like we'll have a lot of opening by the time of april, may, summer travel season which is really big for the economy. that is what the market is really focused on i believe. neil: that is the case. he is right to point out numbers looking pretty good on new covid cases, the fact that more americans, havings nation rate picked up -- vaccination rate picked up in at least a does states. 10 states population has been vaccinated. how does this play out for you, kelly jane, looking at all of that, how do you see it playing out? >> well you know, he hesitate to predict too much. of course with this pandemic and response to it from various governments, it has been a crazy year. things that i never thought would happen like virtual closing of new york city happened. we're finally getting indoor

dining back on friday. governor cuomo finally relented. people i think are dying to get a little bit back to normal. i'm looking forward to going to brunch this weekend to have human contact this weaken. there is a lot of pent-up demand. a lot of people are wanting to get out there. a lot of people are worried. people don't really plan to leave their homes until they're vaccinated. of course that has gone slower more slowly than we would like. as you mentioned, neil, it is finally picking up but it mixed. we have new variants what do they mean. there is lot of uncertainty, the market hates uncertainty, americans begin have been saving a lot of money, they want to get out there, i think there are good things to come if the government gets out of the way and lets people do it. neil: all right. guys, warrant to thank you both very, very much. back to this impeachment trial that will start in about 49 minutes or so congressman jim

jordan of ohio has written on this and said that in their desperation to attack president trump democrats are trampling on other important constitutional rights. he goes on to say there is no witnesses no depositions, no hearings, no cross-examinations and that they don't want president trump to run for office again. they're scared of him. this is really at the thrust of this entire effort today to go after him. the congressman joins us right now. jim jordan, welcome. thank you. >> good to be with you, neil, how are you? neil: i'm fine. let me get your take on their take on this. if we're to believe, you know, some democrats said they will be surprise revelations here what are they? because you would think that they would have already stated them. what are you hearing? is there any truth to that? >> no. i have no idea what they will bring forward. what i do know is the

president's argument is so strong on constitutional basis, he has a great argument on lack of due process and facts. that is why i do not think there will be a conviction. the fundamental question is, how can you remove someone from office who already left? so the constitution i think is clear. the fact that chief justice roberts isn't even going to preside because the constitution is clear. if the president is under impeachment and there is a trial of the president, than the chief justice has to preside. because he is not president, he is not going to preside. and again, if the result of impeachment is removal from office, how do you get that result when he can't be removed? it is sort of a fundamental question on the constitution. then of course the due process argument, neil. you know this impeachment which was all of two hours in the louse makes adam schiff look like he was fair last year and we know he wasn't but at least in that impeachment there was depositions, there was the ability to cross-examine and ask witnesses questions and some hearings, even though the

president didn't get to call any of his witnesses, there was some semblance of due process with this. there hasn't been any. finally on the facts. facts are on the president side. how do you incite a riot when there was already one planned? how do you incite a riot when he said make your voices peacefully heard? neil: you mentioned the president's words on peaceful. he said we'll walk down to the capitol and cheer on our brave senators and congressman and women. we'll not be cheering so much for some of them because you will never take back our country with weakness. you have to show strength and you have to be strong. that got the strongest applause of almost anything else he said. there were other comments. do you think intentionally or not, congressman, the president provoked a crowd that might have already been provoked with a lot of actions you have correctly pointed out -- >> no. neil: were getting attention of authorities who said threats were present?

>> no. i don't think so. that is normal political speech of today. frankly it wasn't near as aggressive as the speech we've heard from democrats over the last couple years. i mean look, i know two days after maxine waters did her rant a couple summers ago my wife and i got treatment. we got harassed at theater. i know what that feels like. it is not pleasant. a congresswoman from massachusetts said last summer when we need more unrest in the streets, neil. when there was unrest in the streets. how is that helping the situation? so -- neil: is there a distinction, do you think there is a distinction for a president? i certainly get what you're saying, sir, when he says things like, when you catch somebody in a fraud you're allowed to go by different rules, quoting from the president. i hope mike has the courage to do what he has to do. referring to the vice president at the time. i hope he doesn't listen to the rinos and stupid people he is listening too. "the crowd goes wild," absolutely wild, do you think that is provocative language? >> no. i do not.

look, the people who did the harm they need to be held responsible. i don't think there was any kind of language from the president that provoked them or got them or incitement in any form whatsoever. and again you're singling out the president but the speaker of the house used all kinds of language, if you used that standard, frankly what democrats have said is a lot worse. sew look if we're going to be consistent, we should be consistent in this. the democrats haven't been. republicans have condemned all all the violence all the time, all the political violence and last summer what happened at the capitol. it wasn't language president used i think in any way caused this, and specifically the president said peacefully and patriotically make your voiced heard. how do you impeach a president, neil? read the response from president trump's lawyers which i shout was great how do you impeach a president for constitutional speech? how do you impeach a president

who is protected by constitution. the conestution we took an oath to uphold. democrats don't seem to matter. certainly does. this speech was protected. it doesn'ts cross the line. it was just the opposite, peacefully, patriotically make your voices heard in our political system. neil: you know, congressman, i respect you very much, but i did read the entire speech. that peaceful demonstration comment that you made was a small part of it. maybe it wasn't his intention to do this, let me ask you this, do you think had he not sort ginned up the crowd, powerful in your face speaker, impassioned would we have the same outcome? you alluded to the fact that there were planned uprisings at the capitol ahead of this. the capitol police were even warned about that possibility but do you think that the president fanned the flames in any way especially when he talked about joining them on the march to the capitol? he ultimately did not.

do you think he bears any responsibility for lighting a match? >> no. the responsibility is with the, why wasn't there adequate protection, if we knew there was attack planned ahead of time why wasn't there adequate protection and safeguards put in place? we already heard that there was a request by capitol hill police to have national guard present. someone talked about the optics of that not being what was wanted. so why wasn't those steps taken? why weren't the national guard put in place ahead of time? they're here now when there is frankly doesn't seem to anybody threat whatsoever. why weren't they there ahead of time? why didn't we do kind of what we do for the state of the union address? when you have meeting of this magnitude with the vice president here, president here for the state of the union, there are saved precautions taken ahead of time, put in place ahead of time. seems to me that should have been done here especially when we know the capitol hill police were requesting that kind of posture prior to the couldn'ting of the electors on

january 6th? that is the fundamental question frankly we haven't got answers to yet, we need to find out. neil: do you think the president should be censured? >> no. not at all. i don't. again i think, this is, the american people see this for what it is. this is an obsession by the democrats. remember, neil, 19 minutes after the president took oath of office on january 20th, 2017, washington post headline read, campaign to impeach president trump has begun. of the swamp couldn't wait 20 minutes. they have been trying to remove president trump from office frankly before he got there. russia hoax investigation. they tried to remove him from office before he got there. they're trying to remove him from office after he left. this is what the american people don't understand. why don't we focus needed to address the situation and problems our country faces versus going after a president who already left office on some ridiculous charge that the democrats are bringing forward, that is unconstitutional, gave the president no due process, and is not supported by the

facts. neil: do you think the president if he wanted to should run again for office? >> heck yeah. that is what they're afraid of. it is funny. they want to disqualify the president from running for office but the ultimate check, if the democrats are so confident in their case, the ultimate check is we the people, the american people and the electorate. so, i don't, i think they're just afraid he will be on the ballot. i think he should run again. he said that many times. the democrats are afraid of it. that is why they're engaging in this unconstitution nam process. neil: do you think republicans are frayed of that process? >> maybe you have. you have to is ask them. 75 million people voted for president. if election was held under rules until they were changed. so i think the president is a strong candidate. i think he would win, will win again in 2024. but, whether you know there is obviously some republicans, called the lincoln project don't

want that. the vast majority of republicans across the country, 90 some percent of him want him to run again. i think it would be good for the nation if he did. neil: all right. congressman jim jordan, express your mind in your own way, jim jordan, getting ready for a trial that is totally unnecessary. that is the battle. we'll see it decided in just minutes. ♪. 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,

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♪. neil: all right. it is interesting to note that in the very hour that this impeachment trial will begin in the united states senate president biden for his part will be meeting with some bigwigs from the financial and corporate community including the heads of jpmorgan chase and walmart and lowe's, gap, a host of others. all of this at a time he is trying to pitch that $1.9 trillion stimulus plan that might or might not include pa $15 minimum wage. let's get the read from blake burman following all the fast breaking developments. he cannot separate himself far enough from the impeachment trial, down to the very same hour doing something very different, right? reporter: indeed. he will meet with some of the biggest ceos, president biden will meet with vice president and treasury secretary janet

yellen. you begin with the last administration. i called it a parade of ceos. every single day a different group was coming to the white house. obviously the world we live in much different at this time. the first big meeting, neil, between the president and some of the biggest business leaders in this country. that meeting will include, for example, the head of jpmorgan chase, jamie dimon. the head of walmart, doug macmillan, along with the leaders at gap and lowe's. that meeting at the white house, neil, next hour. we'll see if sew pensionly this group ends up discussing one key issue of the moment big minimum wage and what democrats want to move forward with that. we heard from the non-partisan congressional budget office on this matter, neil, it could potentially make the pitch for democrats going forward a little bit harder. here is what the. cbo found, when they look to 2025, projection of a 15-dollars minimum wage, 17 million workers

have wage increased along with 10 million workers have their wagers increased who currently make more than 15 bucks an hour. cbo said it would lift nine million americans out of poverty. the cbo says 1.4 million jobs would be lost. it would also add $54 billion to the nation's deficit. the white house is taking issue with the job loss projection. an official telling me in a statement, telling me, we think the cbo's estimates on employment affects on higher minimum wage are overstated. latest robust research, raises minimum wage has a at most modest effect on the employment. that is the white house's take. they can't look past that number. rick scott a senator on the budget committee, releasing following statement, we know enacting a $15 minimum wage now would be catastrophic for small businesses an jobs they provide

families. we have data showing impacts which stretch far beyond our battle against covid. neil not to say that will be part of the discussion in the oval office. of course we don't know how that might go, but certainly something to keep an eye on as jamie morgan, jamie dimon, doug mcmillon and others sit down with the treasury secretary. neil: as blake pointed out the very same hour the impeachment trial will begin in the senate. we're following that and following the impact of amazon announcing it is a-okay with $15 minimum wage. zane tankel, applebee's ceo and a lot of restaurants under his purview, restaurants, especially small little guys, they're one thing versus amazon when it comes to be able to afford something like this. zane, good to have you, my friend. you think it's a very different world for small and medium size businesses to put up with a minimum wage of this degree,

right? >> of course, neil. it is not even so much size of business but margin in the product you're selling. so in the restaurant business as you well know, neil, we have razor-thin margins. any impact on that margin, i.e., raise in minimum wage takes from the margin without recovering in the pricing. amazon sells everything, and anything on tv. and without servers and cooks and all the other people that we have to engage to provide the service that we do. so they're not apples to apples by any means. they should give them $30 an hour quite frankly. they sell things that have margin of 30%, 40%. we don't approach those kinds of margins. so i would suggest that if we do it apples to apples, amazon raise their rates to $30 an hour. we should raise our comparable to what our margins are which would be at zero. neil: so what would happen to you and your restaurants, what

decisions would you have to make, zane if this went into effect? bernie sanders and others say, look, it is going to phase in after five years, calm down, he is not saying that but he is saying essentially guys like you should calm down about it. what do you think? >> well in the interests of transparency i have to tell you that our innamability two years or three years ago now, raised new york city to $15 an hour. so we're already there and have been for many years. it shuttered many restaurants and put others out of business. if you're in the fine dining segment you raised pricing accordingly. i'm in the space that services the little guy. we're in bed sty, the south bronx, all neighborhoods that don't have access to a restaurant and sit-down dining. we can't raise our prices literally a nickel without getting pushback. so all we do is take it out of

margin, take it out of margin and there is a limit, particularly now, neil, we're in as you well know a very fragile time within our segment. we have 20% unemployment within the restaurant industry. we entered 2020 with about 12 million people employed. we're now at nine. so we lost three million employed people permanently. we've lost 120,000, approximately, restaurants shuttered and closed forever. now, so those people, where do they find jobs? i love when everybody wants to raise our pricing. the single biggest one we don't have in new york, that they're also promoting in washington is to get rid of what we call the tip share. so a server makes i believe in new york $7.50 an hour, not 15

but they go home with 30, 40, $50 an hour because of tips. they want to eliminate the tip share which servers don't want. neil: it could be fair game. zane, sorry wish we had more time. thank you for outlining that. if they go 15 your rates have to go higher to compete with that. we'll have much more after this. ♪. 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.

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♪. neil: all right. might be quite genuinely different this time, but what is going on with bitcoin is bearing attention right now. it is flirting with $50,000 of coin on word right now, that tesla is investing 1 1/2 million dollars in the cryptocurrency and rumors that apple might be inclined to do the same right now. back with us is kelly jane torrence of "the new york post." john layfield, follow the action founder, podcast host, so much more. kelly jane, let's talk a little bit about bitcoin and what is driving this. i'm leery, we of market history,

saying it is different this time, but when they say with bitcoin this development makes it different this time. does it? >> you have to wonder how much affect one person and one company can have on this everybody is looking to elon musk. i have to say i don't see a lot of teslas out there. i've been in one once. it's a fascinating story. people love to see the big changes and you had, i know people that made thousands of dollars with a little investment a few years ago in bitcoin. it looked at one point like bitcoin was over i remember and now people are talking about it again. and of course there is, it is an intriguing thought, especially neil, we have this out of control spending really by the federal government. what's the dollar going to be worth one day if they just keep printing more money? as it looks like the biden administration might want to do.

does that devalue the american dollar? does that make something like bitcoin more inkrieging to people? but it is hard to see it you know, getting that mainstream. again, elon musk, tesla, this is not something that your average person is going to be buying with their bitcoin. neil: yeah. it is hard to buy unless you do establish a means like what tesla is trying to do or elon musk more specifically to develop a buying and selling mechanism here for these crypto currencies. that could be what apple wants to do as well. let's say, john layfield, apple does just that and others usually tend to follow those that do big things like that, does that change the dynamic for these you know, new avant guard currencies? >> i think it changes it some. i don't think bitcoin right now is a currency. there is big difference between fiat currency and store of

value, which bitcoin is definitely a store of value. the irs has it right, a company that invests in bitcoin or any type of cryptocurrency, classify it as long lived intangible asset which is completely different from a currency, which means you have to mark-to-market of that, if there is appreciation of the price below where you bought it. this is tough for it to become a fiat currency. it is different from gold. there is this transferable element where you can buy things, you can transfer more easily than say gold bill i don't know. to me it's a long way away from being a fiat currency. if it become as fiat currency it, makes the fed and central banks irrelevant. you can't control the ebbs and flows of that currency if you can't control the supply of that currency. the fed will step in if this starts moving across the line into a currency. neil: john, final word on that. kelly jane, thank you very, very

much. we're keeping an eye as it continues to move up. by the way, any of the so-called other cryptocurrency plays, they're all up as well. we'll explore that the next hour. speaking of the next hour when the house impeachment managers are meeting to discuss their case why this is constitutional to go after a former president, we're learning a lot of talking to reporters are saying they have got new evidence against donald trump to present that will make their case very compelling and could potentially change even republicans minds. they have said that before but again, that is what they are ready to pounce on in about 20 minutes. we shall see. ♪ just over a year ago, i was drowning in credit card debt. sofi helped me pay off twenty-three thousand dollars of credit card debt. they helped me consolidate all of that into one low monthly payment.

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♪. neil: well the markets are worried about donald trump's second impeachment trial have a funny way showing it. given the fact they hit records

yesterday, up fortime being. s&p a little down. they don't seem to dissuaded about that. look at that, record territory. we'll see whether the hat trick continues. it continues for the russell 2000. still in record territory. anything can, usually does happen. new york city middle schoolers are going back to class today in the big apple, not everyone of them, that is a sign of progress. reports right now, that chicago teachers unions are contemplating doing the exact same thing. not just for middle school, that sort of thing. maybe for all kids. let's get the latest from mike tobin in chicago with the very latest. hey, michael. >> neil, a body within the teachers union called the house of delegates said two things last night. one they sent along to the rank-and-file this tentative agreement to get the schools open again, get teachers back in the school. they sent it along for their vote. two, they confirmed the bitter relationship they have with chicago's mayor. 25,000 teachers will now get to

vote on whether they are going to return to the classroom. votes are due by noon, chicago time. right about now. the decision about the returning to the classroom is expected sometime tomorrow. the house of delegates also passed a no confidence measure with regard to mayor lori lightfoot. the ctu writing delegates vote of no confidence tonight reflects their disgust it has taken a year of effort just to extract the most basic, enforceable safety guaranties from a school district with a dismal record of broken promises. through this process lightfoot made clear the adversarial relationship with the teachers union. >> the ctu blew up that success and created chaos that we are now enduring. reporter: now the tentative agreement guarranties that no teacher will be forced to show up without access to a vaccination. it also creates thresholds, thresholds for shutting down in-person learning if the coronavirus surges. neil? neil: all right.

mike thank you, very, very much. we're keeping track of a number of developments here including the klein 2022. olympics. the a number of countries are considering boycotting them. the last time we saw that was in 1984, when the russians returned the favor for our boycotting russian olympics in 1980. they boycotted the 1984 games in los angeles t could be starting again. this time a lot of countries could be involved. china sent out a warning, don't even think about it. after this.

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that keeps up there could be a boycott effort against china for hosting the 2022 winter olympic games. that would be the first time we've seen something like that since we did the same to the then soviet union because of what it was doing in afghanistan back in 1980. then they returned the favor with us in 1984 at the los angeles games by skipping on them. gordon chang where all of this goes. what do you think, gordon? how likely is it, given the threat chinese added of boycotts themselves on sanctions that countries even think of that, where is this going? >> they're probably will be some countries that don't go to the 2022 games but there are a number things we can do which i think are more important than a boycott. for instance, we should have the ioc, the international olympic committee move the games to a country not tainted by genocide and atrocities. the other thing, neil, people don't talk about this, in 1964 south africa was banned from the

tokyo olympics because a substantial portion of its population was not allowed to compete in sport. the same is true for china today with the uyghurs and cast sacks, perhaps even the tibetans. i think ioc should say to china, your athletes are not participating. neil: you know, gordon, chinese come back at us over the last few months, you're a fine one to judge given the racial riots and uprisings that you have had, recently pointing to the attack on the capitol saying you're hardly a bedrock for civility in your country. who are you to think of actions against us. what do you make of their turning it around? >> well china's is trying to overthrow the u.s. government and we know this they were actually inciting violence on american streets. they did this through the houston consulate. they did it through the twitter account of the china daily bureau chief in europe and they were also using twitter bots to

encourage violence around the january 6th riot. my response, okay, we got a problem but you're inciting it. neil: so where does this go? i mean how likely is it that those games will be boycotted? a lot easier said than done to move a venue for games. every one would have to get behind that. so what does it look like for the 2022 winter games a year off? >> yeah. essentially i think what's going to happen will be the ioc, which will support china and probably won't see the games moved. we wont see chinese athletes banned but we'll see a lot of controversy about this probably this is the last set of games that will be held in china for a very long time, or at least as long as the communists rule but this is going to be a lightning rod, because china is committing genocide. it is committing crimes against humanity, this just offends the conscience of the world and we

don't need secretary pompeo's courageous of act of january 19 to tell us this is genocide. this administration is also moving in that direction as well. i think secretary pompeo really started something, and that is really going to change the world. neil: will a biden administration follow through? >> i don't know. biden on the campaign trail said that what china was doing was committing genocide. janet yellen before her confirmation as treshriff secretary said this was genocide. tony blinken during his confirm hearings on the 19th of january said it was genocide. if the administration doesn't formally say it is genocide, in other words, confirm secretary pompeo's determination, there will be a price to pay in this country because people know this is genocide. neil: gordon chang, thank you very much. we'll be watching it closely. gordon chang on latest developments. take you to capitol hill right

now, procession of house managers making way to the senate arguing their case that donald j. trump should in fact be convicted of citing an insurrection and violence that ripped at the capitol on january 6th. we're told house managers have convincing evidence to that effect, evidence that has not been discussed up to now. we don't know if that is true. we do know they will get their chance. good morning! the four way is a destination place. right here, between these walls, is a lot of history. i am black. beautiful. i must be respected. black lawyers, doctors, educators, martin luther king, b.b. king, queen of soul aretha franklin. you're sitting in the place where giants ate.

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♪ ♪. neil: i want to take it to washington, d.c. live at the capital senators making their way into the senate rotunda with house managers the second impeachment trial of donald j trump, this one as the former president, right now charge by the house little more than a month ago after inciting insurrection that resulted on overwhelming majority that certainly consisting of ten republican congressmen as well that the president did conduct impeachable offense, within the united states senate, if the markets are worried about that, there is a funny way of showing all the major averages are in

record territory susan li, that would look weird but it is what it is because they're focused on other things and this is not one of them. >> shaking all of the impeachment talk record highs for stock markets turn to the afternoon session, still we turn marginally up in the session let me show you the big stock movers that includes gamestop, sub 50 for the very first time since erratic controversy down to 90% from the peak above $500 a piece, this is a transition to a wall street brigade in their moving possibly to bitcoin and other crypto currency i also want to show you facebook and shopify the checkout services on instagram and facebook and this is about monetizing social media e-commerce indices like wall street seems to like it, pot stocks, canopy losing money, less money profitability in the back half of next year, another

cannabis name soaring into session 40% up after a deal to supply medical cannabis to the u.s., we know they cannabis names are surging on expectations but may be more to legalize marijuana. neil: again as we watch the opening prayer it is interesting that the markets don't think this is going to go anywhere one thing i heard the house managers are saying we have new information that hasn't come to light unless they reveal that quickly we know this trial will proceed because they have the votes to do just that. but i am wondering what possible evidence could emerge that might change things markets are more uncertainty there pretty soon were not going to have that. so how does this play out for the markets? >> it's pretty certain that a second impeachment is fairly unlikely at this point because

and even earnings we have a lot of names fantastic i think this might be a distracting for wall street with the main show and us the numbers. neil: thank you very much for that, i want to dip into senator lahey he's for siding over this rather than supreme court justice they appointed out that this is concerning a former president and the supreme court have the same role it would normally have with a sitting president, let's dip in for just a little bit. >> the senate of the united states is sitting for the trial of the article of impeachment exhibited by the house of representatives against donald john trump former president of the united states.

[silence] [silence] >> i know the presence in the senate chamber the managers on the house representatives and counsel for the former president of the united states. >> mr. president. >> the majority leader is recognized. >> mr. president in a moment i will call up a resolution to govern the structure of the second impeachment trial of donald john trump. it's been agreed to by the house

managers, the former presidents council and cosponsored by the republican leader, it is bipartisan it is our solemn constitutional duty to conduct a fair and honest impeachment trial of the charges against former president trump the gravest charges ever brought against the president of the united states in american history. this revolution provides for fair trial and i urge the senate to adopt it. mr. president i send a resolution to the desk on my behalf and that of the republican leader for the organizing of the next phases of this trial. >> the clerk will report. >> senate resolution 47 to provide for related procedures concerning the article of impeachment against donald john

trump former president of the united states. >> the question occurs on the adoption of the revolution. >> i asked for the gaze and nays. >> there appears to be a sufficient second and the clerk will call the roll. [roll call vote] [roll call vote] [roll call vote] [roll call vote]

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[roll call vote] neil: i want to let you know what you're watching this is a vote of revolution so they have agreed to a framework to get to the next stage of this to look into the constitutionality of even having this trial proceed, they will have four hours worth of debate of whether his constitutional to prosecute a former president by my account i could be wrong at least a dozen republicans were going along with that framework in other words to keep this going, not a

yay or nay on whether this is constitutional but it framework if we can proceed to that debate and it seems overwhelmingly so. >> the nays are 11, the resolution is agreed to. and pursuant to the provisions of senate revolution 47 this should not be for hours of argument by the parties equally divided on the question of whether donald john trump is subject to for committed while president of the united states notwithstanding the exploration of his term in the office. mr. manager raskin, are you a proponent or opponent of this question. >> mr. castor, are you up proponent. neil: now they're going to proceed to this debate, for our debate on whether his constitutional to prosecute a former president unprecedented as they say on donald j trump

within impeachment trial since his long left office more than three weeks ago. the vote on this procedure in other words to provide the framework for moving forward with 89 - 11 so that means we had 39 republican senators go along with this that does not mean they're all constitutional, just that the framework is in place to debate just that, were gonna go in and out of this is the house makes its case congressman raskin will be leading the charge arguing that they have uncovered new matters here in new revelation that could make this a more convincing argument and 17 republicans to do so to push for the removal of the possibly running for office ever again on donald j trump, it's an uphill battle on the lower right of your screen you're looking at the dow jones industrial totally

un-flourished by this focused on stimulus, covid relief and some improvement we've seen on that front and not on this because they don't think anything will amount from any of this, even after four hours of debate. we are on it much more after this. ♪

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neil: a lot of talking i want to dip in, i want to share with happening on the floor of the house where they are reviewing the comments that they say donald trump made to provoke a crowd that would later go on storming the u.s. capital, they said they will review a lot of information at the very least make it constitutional what they are proposing to do, that this is okay and our constitutional calls for going after those who even the role of a former officeholder as officeholders might've provoked in this case an insurrection, they're going to try to pursue while republicans are open to the framework of this, they are not opened to this debate this is a constitutional procedure a lot will feed on remarks that the

president made on january 6 that we are galvanizing crowd to rail against mike pence and signing off on the electoral vote total that would be going on later on the 24 hour period, the former congressman rob barr joined us from georgia he was the house manager during the clinton impeachment, good to have you they make their case this is indeed constitutional republicans will challenge, they have the numbers to proceed to that part then were looking at 16 hours and back-and-forth that could take a couple of days but all of this presumably wrapped up by next week. what do you think. >> it's absurd, it is so nonsensical as defies any sense of logic or rationality for the senate and in particular

republicans in the senate to be participating in the charade tells the american people that there is a superior dysfunction in the highest body delivered somebody in the land when the senate and republicans in particular in the senate engage in such absolute nonsense that clearly they have no jurisdiction over. neil: congressman obviously not everyone agrees by and large there are some conservative lawyers including charles cooper who has ties to the likes of ted cruz and kevin mccarthy who said not justifying the right or wrong quoting the provision cuts against this interpretation of not being constitutional he argued the constitutional allows the senate to bar officials convicted of impeachable offenses from holding public office again in the future, quoting it defies logic to suggest that the senate is

prohibited from training convicted former officeholders. you have a very different take on that? >> i look at the language in the constitution and i take it at its word, the framers of our constitution apparently more a learned the people that read into it something nowadays that is not there, every provision in the constitution that deals with impeachment of a president talks about the president, donald trump is not the president you can cut or slice or pound this anyway you want but the senate does not have jurisdiction over somebody other than the president and i am dumbfounded that republicans are even participating in this in the senate there should not be a single republican that is participating in the theater of

the absurd. neil: what happened in the other not going to get a conviction, does it look like congress you know this better than i do they might agree on a sensor that even seems unlikely, in the end could it be the donald trump emerges more popular and wins more sympathy than he would otherwise, in other words he could be cleared to run again for office if he so chooses. >> certainly these things historically have a way of coming around and biden it where you don't want to be bitten. closet president clinton emerge more popular after his in the late 1990s. that is entirely possible that my concern is not the politics, is the constitutionality and what the republicans are lending themselves to undercut the notion that the language of the constitution, the clear meaning of the constitution is no longer

important. neil: congressman thank you very much we needed to hear your sense of historic relevance and whether it does tie to prior impeachment case is the one that you were involved in with bill clinton we will monitor this closely just to tell you what your looking at when they go back and forth to the day of the protest on january 6 and they're really trying to use donald trump's own words that he incited and provoked an attack, many people are disagreeing with that saying they are not saying anything that was not in there was nothing galvanizing the president language that went upon the storming of the capital they say there's no evidence that will prove the case but so far we have not been looking at this in some of the quotes are taken from the president do not prove their case. they're waiting on more evidence but we have not heard yet but we have a number of hours to get

just that.

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neil: what impeachment trial is going out of the capital the looking at video that dates back to january 6 with the storming of the capital by a number of trump loyalist 100,000 they're not giving up a number and whether the president provokes that but it's operation ignored at the white house that more focus with the biden administration meeting with top ceos in this country including the heads of j.p. morgan chase and walmart and lows, i could go on and on but saying they're much more interested in the stimulus going forward to help the economy then going back in time to focus on what happened on january 6 that rattled the economy, back then and obviously right now hillary vaughn on the white house view of moving forward in today not looking back. >> we just heard from

white house press secretary jen saki who said they hope they get republican support for the covid relief package but the bottom line is president biden does not need it and he does not want it badly enough to wait, negotiate and try to win republicans over. >> he's not going to sacrifice speed, he believes urgent we have to get the money out the door and is not going to slow the process down, he hopes republicans will vote for. >> democrats on capitol hill are not devoting the undivided attention to try to get covid relief past and moving forward and ahead with the impeachment trial today. >> if it's anything like it was in the past it will suck up all the oxygen in the room and were not going to get anything done, we need to get jobs and the economy up and running again for our american people. >> senate democrats are aware of the optics of holding an impeachment

trial will covid relief sits stagnant, chuck schumer held a special press conference to callout doubters that think they cannot do both. >> they said we can't do both at once, we say you are wrong, we can and we are. >> there has been significant stimulus movement on the health side that reflected what republicans wanted to see more targeted stimulus checks the proposal from democrats would cut off anyone making over $100,000 from getting a $1400 check and a couple making more than 200,000 would also be ineligible from receiving that check but that change is not going to make the package any cheaper because house democrats put forward a new proposal that would issue $3000 direct deposit for families per child they have for eligible people that meet a certain income threshold. neil: hillary vaughn thank you very much, what we've been hearing as well joe biden the

sooner this impeachment trial ends or wraps up the better we will be especially forgetting the stimulus plan through, no distractions, steve moore the former trump economic advisor free freedom works economic, much, much more we also have the hill correspond it alex with this, alex, your view on how biden and president biden is playing this right now meeting with the ceos, talking stimulus, not saying a word about what is going on in the other into pennsylvania avenue, what do you think of that? >> i think president biden's tactic on meeting with the folks in the white house right now while everything is going on in the senate shows what we saw senator schumer say that both can be done at the same time he can get a stimulus plan, bring coronavirus relief aid to companies and directly to people through checks but also

while the senate can work on the second impeachment trial. i think his focus here on bringing the aid efforts and letting democrats negotiate what they want in the package shows that he is driven to directly helping the american people and then he won't be distracted by this impeachment trial. neil: i'm just wondering if democrats wanted to pounce on this, whatever the rationale because it could engender sympathy for donald trump in the idea that he's been piled on the first time this is happening to a former president and they could actually be making him more popular figure they can be making it more likely to even have the freedom to run for office should he so choose. >> it could be your previous guess was talking about built clinton came out of impeachment more popular not less popular because it was over-the-top, this is obviously more driven by vindictiveness

than even the clinton impeachment. i'm having a déjà vu right now because it was almost exactly four years ago that we were in the oval office in the white house with the ceos talking about tax cuts, reducing regulation, american energy policy and now four years later with a president who is basically preaching exactly the opposite message to the ceos we will see how that goes over. neil: i know this president doesn't talk about the market nearly as much but the prior occupant did and i'm wondering the fact that the markets keep reaching record after record, three in record territory and the russell 2000 i don't know whether they seem past this impeachment storm or looking at improving earnings or improving economic numbers that they're ignoring the theater, what do you think. >> that's a great question coming down to

the markets are not really interested in what's going on in the senate with the impeachment trial you're right that present a biden really speaks on these in the market and president trump did a lot but i think it will also be a good indicator of biden's efforts once this relief package maybe becomes law of how the markets react to that, $1.9 trillion and i think republicans have warned this is a huge chunk of money going in and what kind of setback that could have on the economy so i think that will be a strong indicator going forward how other biden plans are going to affect the market that is doing well right now so far three weeks into his presidency. neil: steve all in with you on the notion that maybe the markets are sensing that it would be

hard to get a tax increase through this environment and the weak economy and you mention prior appearances or maybe they're fine with that and they can deal with that because they've narrowly the s&p 500 notwithstanding they narrowly go record after record, what do you think is there thinking? >> first of all let me say i'm not a big fan of joe biden's but i actually admire the fact is not talking about the market every day i don't think the president should do that and trump did that a little too often. one reason you know this more than anyone what goes up can come down in the pricing market right now i think there is a euphoria, i think personally euphoria is much more oriented towards a vaccine then the idea that will get the academy opened up hopefully in the next two or three months so we can get back to normal that is much more important than passing a $1.9 trillion stimulus bill i certainly hope that the price tag of

this is shaved back very considerably but the democrats seemed like yesterday they were talking about unity they seem really determined the steamroller over the republicans both on the budget and they think they can get a massive tax increase would just 50 votes in the senate in the slim majority in the house and i can imagine a single republican voting for either of those bills right now. neil: interesting, the home of their chance very soon, thank you very much. here is the real guys were aware what's happening right now on capitol hill we are monitoring this presentation and the prosecutor's presentation justifying taken action against the former president of the united states. and arguing this is indeed a constitutional process the four hours of debate is all about arguing the constitutionality of going ahead and moving to convict the former

president of the united states of inciting insurrection and then moving on from that and because of that we don't think you should run from office ever again. what is interesting about that a lot of people say it's inevitable will get to the next and this is the constitutional procedure regardless of what do you think five republicans at the outset you might recall refused to sign on to the notion that this was a waste of time. assuming in the u.s. senators including the likes of a host of others say this is constitutional, it proceeds to step be which is the debate about whether you can go ahead and convict donald j trump out of office and from removing him and thinking about ever again running for office. you are watching fox business.

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neil: looking at the house forward democrats in the house managers handling this impeachment case are making their case to senators particulate targeted republican senators who might be open to the idea that this is a constitutional procedure and their going along just fine and they will make the case that those republicans should not defendant convict the president of the former united states insurrection of the capital that scared a lot of folks, injured and killed five individuals of the time. and dozens more were hospitalized. all provoked by donald trump, that is the house case they have not said anything new that we've been tracking so where does this go, the markets think they're going nowhere not that there necessarily agreed

of things but if they were worried that this would tell something bigger than thought they would be reflecting it may be by panic selling none of that involved the s&p the dow, the nasdaq up 2000, all it records right now, charlie gasparino on that, charlie the consensus is always risky that this is going nowhere and markets need not be concerned. not only because the numbers are not there and john all day trump the former president now, your thoughts. >> this is a nonissue for stocks, his last impeachment was a nonissue because it was never going to get to the senate and the conviction even if he was convicted what would it do to the market, with a have any impact on earnings, i think the sad thing about this, you and i have been very critical of the president over the last four years when we needed to be, you and i certainly not a bunch of liberals, i'm not trying

to say what happened in the riot weeks ago but i think you might agree with us and a lot of people know him markets might agree with this if this could take off and i heard steve moore talk about this it's about getting needles and vaccines into people's arms, the more time we spend on these extraneous issues the last time were spending on the very critical matter of getting people out of their homes and ending the lockdown which is an economic toll on this country and the psychological toll including the suicide rates going through the roof of the lockdowns. this auto show, i know where the democrats are doing it they figure they can cause strike into a democrat party and force people to defend trump so they don't annoy their base and that will hurt them in the long run i get it there is something bigger at play the country is on the precipice of bad stuff if we don't get people

out of their homes and get vaccines in the arms and every moment you spend on this garbage are not spending on that and when i talked to investors they are saying exactly that and it's really sort of pathetic i do a lot of reading about different things i have a full report on robinhood i want to get through the second but it is sad that were wasting our time when i need a needle in my arm so i can go on take two vacations and make sure bartenders and restaurant people have jobs and i can pay for their jobs. that's what we need right now. neil: that is joe biden's argument i do want to get to robinhood but that is his argument why they are meeting with all of these companies including j.p. morgan chase and a host of others to make the case that stimulus and keeping the economy front and center is certainly his focus and for him this is operation ignored ignore

the whole hearing. >> the stimulus is beside the fact, if you were going to tell me they would spend $1.9 trillion on expediting vaccines into people's arms and giving money to people who legitimately are out of work and bartenders but this thing is all over the place and i think that's an issue for investors as well. neil: i think what's clear he doesn't want to talk about the impeachment stuff, he could not be more a part, just think about it, the very good point what is the latest on robinhood is collecting a lot of lawsuits. >> i know you love the story or one of the day traders buying gamestop. did you cash out of gamestop, it's down today. >> that's fine go ahead. >> there is a speculation that dan gallagher the general counsel of robinhood

that will lead the efforts to lawsuits in the sec probes in the congressional investigations he's a former sec commissioner very well respected legal guy and he wants to settle this particular the class-action to get behind them so they can do their ipo sooner than later. i will say this based on the legal experts i talked to, i did not talk to dan but i will say based on legal experts i spoke to if he does that it would be crazy they would effectively be insuring against losses of the client base meaning they very dangerous precedent when the equal money we will pay you off. so if that does happen and i don't know how robinhood goes public effect was happen back to you. neil: charlie you're the best, thank you very much, you took it all long, charlie gasparino keep enough i on these hearings and good news

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country that have been declining in the latest 14 day period down 36% from the prior covid and since the overall pandemic started down 25%, also deaths down 2% they had been declining they had been running up at about 8 - 10% of little more than a month ago good news on that front doctor debbie joins us with the significance of all of this, so good to have you back i don't want to get ahead of ourselves or cocky on this but what do you think of this. >> i think it's good news finally some positive news after the rough winter we had so far, to me it could be that the efforts we have been doing so far in terms of the mask wearing, social distancing, vaccination and the testing in the treatment maybe they are

paying often other factors are also coming into play there is still a lot we have to understand about the virus, i think now is the time that we have to focus on the vaccination efforts because there is a lot of kinks in that system and maybe while we have a brief breathe from the virus, obviously not fully but this is the time that we can really intervene and improve the vaccination effort. neil: dr. fauci last i talked with him he left open the possibility to get used to masks, maybe two masks through the end of the year, do you buy that? >> it's not clear if two masks will be better than one, there has been some debate about that i think if you wear a mask at least it can be a physical barrier towards the virus spreading from one person to another, more of the issues i see

when i talk to patients most of our patients wear masks they believe in the masks, social or physical distancing seems to be an issue and when i talked to patients i'm running into more vaccine hesitancy i even see that with healthcare workers more so than the hesitation about the masks, i think what's happening you see the large statistics about vaccines that we are getting the vaccines and there are problems with scheduling and people are having more problems accessing vaccines even when they want to but were see in the pockets where people are having trouble actually wanting to get the vaccine and i think that's because of the experiments that are taking place. neil: they gotta give them time to get over there nurse. thank you very much stick around your business. the only one of its kd proven to help you live significantly longer when taken with fulvestrant, regardless of menopause. verzenio + fulvestrant is for hr+, her2- metastatic breast cancer

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neil: all right. stocks continue to be up right now, impeachment notwithstanding. let's go to charles payne. good to see you. charles: hey, neil. i'm charles payne. this is "making money." as kneel once said it's a slow day in the market. once again , russell, microcaps, pushed to upside s there a paradigm shift of the stock market that echos the arrival of the digital age? certainly could judging by monster gains in bitcoin something may be changing. our stock experts debate where the market bows from here, if it is really different this time. my special bitcoin guest says this is the only the beginning.