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tv   Cavuto Coast to Coast  FOX Business  February 11, 2021 12:00pm-2:00pm EST

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appointment, okay? sorry about that. before we leave you i got to tell you bumble has not opened for trading yet. we've got an indication of $77 a share. supposed to go out at 43. how is that for a rally? my time's up, but neil it is yours. neil: we're waiting on bumble. at 43 it would have a 7 billion-dollar valuation. you get up to 76 almost double that. we'll follow that. dow drifting down on maybe indications from nancy pelosi they are still pushing from the house, sending to the senate a measure that calls for raising the federal minimum wage to 15 bucks an hour. whether that takes anymore or shape in $1.9 trillion stimulus plan, anyone's guess. meantime joe biden making surprising comments about china, worried that the country could be on the verge of eating our lunch when it comes to a number of economic commitments and
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other market commitments, particularly with regard to infrastructure, something that will be a pet issue for the white house today. let's go to jackie deangelis looking at that and all the other developments including the jobless claim trend might be the economy's friend. jackie? >> good afternoon, to you, neil. that is right. some wind coming out out of the sales of the market because the $15 minimum wage at least with wall street expectations was expected to be tabled. now that is not the case but creating some questions. about we saw the downturn, stocks were on pace for fresh records. stimulus hopes continue to keep investor optimistic. look at the dow, down only 16 points. this turn-around and hover around the flat line. we have to sort of see which way the momentum goes. aside from stimulus, you have strong earnings and guidance as well, coming from the corporate side of things as well as accommodative fed, making investors feel along with the
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pandemic recovery the conditions are ripe for the market to continue to be supportive. now consumer discretionary stocks, they're doing pretty well today. one of the moving groups if you will. the big tech stocks, the momentum plays, they have taken a little bit of a pause, a little bit of a breath here because they have come so far so fast. energy is taking a breather as oil is coming off that 13-month high that we talked about yesterday. you mentioned weekly jobless claims declining less than expected last week coming in at 793,000 new claims. expectations, just about 757,000. the prior week revise ad little higher so the labor market is still a concern but it appears to be improving. the small caps are gaining steam. the russell was on track, is on track for a record as well. that is something to watch. it is up six points there. it has to do better than that to grab that record. the cannabis stocks are higher too. this is an interesting one. because we're going back to
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wall street bets. that is the same reddit group that hyped game stock. it is -- gamestop. the chatting about biden is supporting a move towards widespread legalization of pot. it is turning lower but there was some enthusiasm. i point to disney, shares of that company is trending lower too. there is optimism for earnings this afternoon that we'll get about h good numbers out of disney plus subscribers. that they continue to offset how people are entertaining themselves. doing it at home versus going to the theme park. that is where they saw the losses before we start to see restrictions ease and people get back on the ground in those parks. we'll watch it after the close, neil. neil: just got to open disneyland. disney world is open, limited contact, all of that, lower population. until that happens i think there is a limit to the upside here. we'll watch it closely. jackie, thank you very, very much. i don't know what amazes me more
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about joe biden more with his comments with his counterpart to china, the fact that china is eating our lunch or a phone call that lasted more than two hours. my gosh, i don't think i had a two-hour phone call with anyone. edward lawrence probably has. what do you make of that? they seemed to discuss everything but, man, two hours, wow. reporter: that is a very long phone call for world leaders to be talking. there was probably some translation too, some time for that going on but president biden spoke to president xi xinping. he told him he was concerned about the coercion and about the unfair treatment in economics that was going on with the markets there. also about the crackdown on hong kong as well as treatment of the uyghurs. he went on about the aggression towards taiwan. here is the president in the oval office just less than 30 minutes ago. listen to this. >> we don't get moving they are going to eat our lunch. china is going to eat our lunch.
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come on, man. reporter: eat our lunch what he said. he is talking about pushing the infrastructure package there but senator marco rubio is very concerned about another avenue, one that withdrawal of a rule where universities and educational institutions had to talk about the money they received from chinese confucius institutes and report that. the money the trump ad administration believed was used to steal u.s. intellectual property from u.s. universities and influence amongst students. senator tom cotton said these institutions are front groups. the biden administration is letting the operation continue in the shadows. representative ted budd thinks that the u.s. should keep up its strong action approach against china. >> we have to remember that china is not a force for good in the world. this is a country that covered up covid-19. they operate, they still do, concentration camps for the
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uyghurs. they took over hong kong and they're threatening taiwan. we need to remember to be strong with them. yes, we can simultaneously have some trade relations with them but we need to remember to treat them like the adversary that they are. reporter: within the last ten minutes the biden administration pushing back on this a statement from a spokesperson for the national security council told me this, quote, the trump administration never submitted to the federal register in the first place because omb never completed its review of the draft rule during the trump administration. it was stuck in omb's interagency review on inauguration. there was a freeze on all of the rules put in place when president biden came into effect. that withdrew that rule. the statement on whether they are going to resubmit this rule, the spokes person said the biden administration will treat to confucius institutes as part of our overall approach of how bet
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to treat use of information operations and other coerce i have and corrupting efforts to undermine and interfere in democracies. we'll see if there is action behind all of these words. back to you. neil: i am curious though, edward, did the administration explain a little more than a year-and-a-half ago it was saying, china is not eating our lunch and now acknowledging you know, a month into his administration, that china is eating our lunch? >> that goes back to politics. what you're seeing in the oval office was a push to get the infrastructure package done next and the point biden was making there they would eat our lunch because china is investing in high-speed rails. you can go quickly between shanghai and beijing whereas it would take longer to go from washington to chicago via train. talking about infrastructure and roads they're investing in and ports. that's the reference point that he was talking about eating our lunch with the chinese. it all boils down to politics
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here. back to you. neil: you know, that is brilliant. i found out when you were reporting from your old grade school growing up you were taught and learned well to see consistency. edward, thank you very, very much. don't get me going on the eating our lunch thing. do you know it is mischaracterized? eating our lunch originally was meant to say that someone doing that it couldn't be trusted. if you were entering into a deal with them and right beneath you they were eating your lunch, first that would betant at that mount to a world war with me, leaving that aside, it gross to this notion they're doing everything, run be roughshod over you, eating your lunch. this is derivation. i can hear the tvs clicking off, a sign not to be trusted. that you think you're making a deal with someone and they're actually eating your lunch and you don't know it. i would know it if someone was eating my lunch but that is where it comes from.
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enough about me and my musings on food. let's go to danielle mcglocklin, o'brien attorney, scott martin, kingsview asset management. these folks are so thin and fit someone probably did steal their lunch and they were okay with that. danielle, kidding aside, i'm looking at the back and forth of the education on china and i just have this feeling that he is pivoted here. i will get into other issues with you, but is it a sense he appreciates the fact, hey, these guys you know, coming for no mercy here. what do you think? >> i think you're right and this is not a moment too soon. this is a former vice president of course who tried to work on negotiating the trans-pacific partnership during the obama administration as a way of constraining china in the trans-pacific area but i do agree this idea that china isn't eating our lunch, nobody believes that, it is good to
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hear he engaged with xi xinping but on economic and i.t. but human rights issues. that is vital to our sense that the world has rather of american exceptionalism and american leadership on the issue of human rights. neil: i'm wondering whether it is also teeing up, scott, maybe a more aggressive stance than thought that this administration will take with the chinese, whether that could imperil any of the deals that have already been scored? i think the last one is mostly scored, about 90% done but could that just blow up? i guess what i'm saying because could biden pull a trump? >> well could biden pull a trump? yes. could china pull a china? that is what i worry about, neil, not so much our end of the deal but china's end of the deal because china exactly hasn't followed through on some of their promises. you talked about some of the deals, resolution of which china has not stood up to their end ever bargain with respect to
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trade buys they were supposed to do with trump administration with recent figures that came out. yes, i think it is a very interesting stance that biden has to take here going forward, because his son hunter, still has dealings over there, don't forget i'm sure, he doesn't exactly want to jeopardize. we do need to take a hard-line with china. china i don't think they are eating our lunch. i think they ate our lunch but looking to eat our dinner now looking to take over as the largest economy in the world in what, next five to seven years? neil: we always posit, may you eat your lunch? no you may not. done with the lunch. nancy pelosi surprised us with this notion the house is sending along to the senate this 15-dollar minimum wage hike. that was thought to sort of die out of one committee and not really advance much further. as things stand, it is going further to the senate. danielle, do you think it will be part of the $1.9 trillion stimulus plan? >> no, i really don't.
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this is politics on batch of nancy pelosi. the way this has to work, procedurally, they can't do it with a simple majority. this needs to be done with 67 senators. i don't think we'll get enough republicans on board. this is longstanding opposition to the idea of a federal minimum wage. i don't think that changes now. neil: what do you think, scott? where does this go? i mean if they're going to insist it become a part of this final package, does that hurt the likelihood of passage of this package or not? >> it probably would, neil. i think i agree with danielle the, it is political theater. what the democrats will do though, if it doesn't pass or something goofy happens because they try to slip this in, look, we tried, mr. or mrs. minimum wage worker to help you out and republicans are the ones who screwed this up. it is much more the suggestion of say the democrats trying to reach out the olive branch, extend a olive branch versus
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them of getting this thing into the 1.9 t package. neil: guys, thank you very, very much. we'll see you in just a little bit. we're waiting again for the opening of bumble, the ipo, the dating app. this is getting a great deal of buzz. it was originally priced in the first round, talking oh, 8 to $12, $16, something like that. it was moved up and up. you know how these things go, eventually $43 a share. then it could come out of the gate at $76 a share. the whitney wolfe runs this, popular dating site, ultimately be one of the biggest by a female-run company we've seen in market history. so it would check off a lot of boxes under the so-called historic level, not the least of which is that it is overwhelmingly female board and female-run company and
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female-driven asset base here is one for the record books. we're keeping an eye on that. keeping an eye on the corner of wall and broad with the dow down a little bit. we have vaccine, promising news on the state of the virus itself. stay with us. stay restless with the icon that does the same. the rx crafted by lexus. lease the 2021 rx 350 for $429 a month for thirty six months. experience amazing at your lexus dealer. for thirty six months. living with metastatic breast cancer means being relentless. because every day matters.
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neil: all right. we're following the covid-19 controversy here and some bumps along the way including variants getting quite worrisome. by and large the trend is still the friend dealing with covid cases certainly in this country. they're down mark he had on a percentage basis, here more than anywhere else so there is that. there are worries along the border especially with illegal immigrants coming in here, they're not vaccinated. so they could pose a whole new covid crisis. hence the administration looking at ways to make sure the undocumented immigrants are vaccinated that could cut both ways. we have john guise a attorney. >> good to see you. neil: i can kind of understand where the administration is going, they're illegal, they
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shouldn't be here. dealing with apprehending them, dealing with them later but we can't make a bad situation worse, letting them go unnoticed and not vaccinated. what do you say? >> what i see from the biden administration they're not encouraging people here undocumented to skip to the front of line to get covid-19 vaccines when they're not otherwise eligible. what i see president biden looking at this, if we have a situation people we are detaining in close quarters in jails and prisons and in detention facilities those places are ripe for spreading the virus. we need to vaccinate the people most vulnerable and sometimes that is prisoners. we might not like the fact that people in prisons and jails are getting covid vaccine when other people are not but it is good public policy and good health policy. i don't see this as a tremendous change. neil: i got it. i'm sorry. john, i'm also looking at it as an issue that came up when the president issued this 100, sort
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of freeze, 100-day freeze on deportations. that people who are here, you know, we're going to make sure that they're vaccinated. now the problem with that is, it is seen as and encouragement to those who want to sneak here. not only do you get in here, you get vaccinated. so it's a one-two punch for them, what do you think? >> well the biden immigration policies have certainly sent a signal to the rest of the world we're going to be more open and more welcoming. any advantage that the coyotes and human smugglers can take to sell their goods, sell their services, get getting people into this country illegally and irregularly, they will use that opportunity. president biden signaled to everyone that we'll be much open. that led to people coming into the country at much greater numbers than they were as president trump. i don't see the president's policies, everyone coming into the country illegally or not
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can't get a covid vaccine. i can't get a covid vaccine. i don't qualify. i don't see everyone coming into the country illegal or not getting a covid vaccine. i don't see it as encouraging more immigration. i see biden's policies in general very different than president prom trump's. that is encouraging people to come to the country. neil: the fear double standard that illegals get it before legals that has people in a huff. the biden administration is dealing with an ininflux of illegals going through the border by building tent cities. i is that a good sign this is potentially getting out of control? >> i believe it absolutely is. the numbers from the southwest border is marked increase in irregular crossings since president biden took office. likes he was vice president under president obama we're not just going to open our borders to allow everybody into the country. we have to allow for a regular immigration into the united states.
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we have to screen the people who are coming in. we have to see if they're eligible for immigration benefits. if that involves tent cities, involves detaining them temporarily or long term to determine if they're a flight risk, danger, if they qualify for immigration benefits, that will happen, whether it is president biden, president trump, president obama, they all had relatively similar policies with the southwest border. president trump much more extreme in his enforcement. president biden and obama seem to be pretty similar so far. neil: that is very interesting. john, thank you very, very much. be healthy and well yourself. we appreciate that. >> you too, neil. neil: when we're talking about a vaccine and all of that, just flying, airline industry ceos are going nuts over the d.c. recommendation that everyone boards a flight, forget about wearing a mask, they should all be tested for the virus. and that testing should pursue immediately. that is on domestic flights as well, not only the flights leaving this country and those coming in from other countries
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♪. neil: all right. as if the airline industry is already in a world of hurt, now requirements suggested, discuss suggested at this point all their passengers be tested for covid on flights before taking off on those flights. so that includes all domestic flights. jeff flock at o'hare international airport how that is going down. two words, jeff, i'm hearing not well. reporter: no kidding. you think it is deserted out here now?
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yeah, normally this airport would be pretty packed. it is not now as a result of covid and i'll tell you if this happens, who knows. take a look what the transportation secretary pete buttigieg said about this. he said we are now in an active conversation with the cdc on this issue of perhaps requiring every domestic passenger to get tested. that would be quite a thing. you can imagine airline ceos uniformly opposed to this. gary kelly, wrote a letter yesterday along with, by the way the unions at southwest and ceo saying it would be quote, counterproductive, costly and there would be unintended consequences. his counterpart at delta, he had bastion, it is a horrible idea. on opinion he first gave to us on "fox business tonight" network with liz claman. take a look at that one. >> that i don't think is practical. delta domestically we carry one
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million people a week. to demonstrate covid tests or vaccine inoculations currently it, would cripple this industry. reporter: you can imagine, neil. we already have of course all the masking requirements. you can't show up at the airports without masks. those tests available at the airport, here at o'hare, others 120 bucks a pop. you buy a ticket. you get a 120-dollar test on front end. got to come back from where you started, logistics of all of that, how do you prove it? are you throwing people off of flights i got a ticket for? you know, i fly every week as you know, you know, it's, that would be a real mammoth undertaking in my opinion. neil: to say nothing of the delays, right? reporter: yes. neil: that will be compounded by something like this, right? reporter: some people they say, maybe people will feel more secure if they know everybody on the flight is negative.
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well, not really. as we know you can have a negative test and still spread the disease. i don't know what you accomplish with that. anyway. neil: we shall see, my friend. thank you. that is very interesting. jeff flock following fallout of that. the airline industry is still looking for aid that will get it past the end of march when it runs out of time to protect thousands of workers who already have been told in the case of a number of airlines, if we don't get this, you're out of a job. the fallout of all of this with danielle mcglocklin, scott martin back with us. i want to deal with the fallout with the ongoing battle to get covid under control with the vaccines but, danielle, with the airline industry, this latest requirement, they are not part of the stimulus plan yet, they could be, they're not yet, this is yet another nail potentially that could hammer them right out of existence. what do you think? all right. i have that effect on people.
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they hear me, they're so in awe about the question they think, they think. anyway, scott martin, i don't know if you hear me the notion this will add insult to injury to the airline industry, what do you think? >> i know the feeling, neil. the girls i met had while i was growing up. it was astounding. i take the other side of this. as jeff points out makes passengers more confident to fly. it might increase air traffic people are not flying worried about catching at the airport or on the planes. depending how they roll it out, depending what kind of assistance or aid you give the airlines as jeff point the out too, massive amounts of people are still flying, not near the numbers we once had but still some folks flying. if you roll it out where it doesn't impact the airlines monetarily, i'm all for it. neil: danielle, i hope you're hearing us now but you just missed some awful things scott was saying about you.
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i don't know why he said what he said. >> i heard it all. neil: just joking. there we go. i do want to get your thoughts, if this isn't yet another reminder that covid is very much with us, and that concerns about various vaccines, whether they can handle variants and you know, weird strains of this popping up all over the world including the united states, i guess this cemented that. now i'm hearing from a number of big employers, you know what? we can see this virtual work, continuing in some way, shape or form right through the end of the year, if not beyond. what do you think of that? >> no, i mean in some respects it is terrifying as somebody who does work from home and misses human company of my colleagues. google, for example, is keeping everybody out of their offices here in manhattan at least until september. and so one of these, the problems is not only you're missing social life, watercooler
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talk really shown to enhance productivity and build ideas for the generation you have problem of children at home. so women, particularly are really suffering. they're leaving the workforce in droves with schools and child care centers close. you literally can't walk and chew gum. it is impossible to work full time, take care of homeschool children. women have no choice. it is hitting them really hard. neil: i'm wondering, scott, if that begins to register? whatever improvement we're making with the vaccines, more getting them, over half the states of this country where 10% of population reportedly vaccinated, that is all good stuff. the fact this drags on, questions about mask wearing even, i think the cdc saying benefits of double mask wearing right through the end of the year, i wonner if that kind of added to the selling pressure today? >> yes. the cdc, neil, i believe also said, if you got the vaccine within a certain period of time, and it is not a small party. it's a few weeks, maybe months, you're supposed to still wear a
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mask. that is tough stuff. neil: you're right. >> yeah, the longer this drags on the more people get used to it as danielle was saying, this new life. as humans we develop these characteristics, we develop these habits. one saving grace though is that, you got to ask yourself, as a person who has a few people, believe it or not working for me in the office in chicago here, half of whom have not come into the office by the way, neil, since march from last year. work at home things for those folks is going okay. it is not a total disaster. if that is still okay for some folks, some firms to get done what they needed to get done, gosh i don't know if they ever have to come back. neil: if you're a boss, contemplating, danielle, leasing more space and you hear sales force, google, others are nixing those plans, you have to wonder about the economic impact. i guess too soon to say but what
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do you think? >> we're already seeing it with diminishment of tax revenue that new york city for example is seeing because so much of the commercial real estate is open and not being filled. you have a ecosystem of businesses that support huge workforces come in and out of cities and urban centers, not only in the united states but around the world. you know, going back to this idea of women, there is a survey last summer, women are leaving because they are not having anybody to mind their children. what they're seeing is the problems in our economy are exacerbated by covid. to your points about variants, vaccines, if vaccines win, we'll be okay but if the variants win out of the vaccination we'll be in this for a while. neil: yeah. that is the worry. today, i can't really attribute much more to what happened, why we turned south in the markets here, but these findings are flashing out, it could be around a little while. guys, thank you both, very, very
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much. sorry for problems at the outset, danielle. we had great fun in your expense. meantime, in the meantime. apparently we will meet our goal of going ahead and getting kids back in school. what we do not have though is a clear understanding of what really defines going back to school. so the biden administration if it is one day a week, that is going back to school. just tell their parents, and actually, tell the kids. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪♪
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♪. neil: all right. looks like bumble is ready to rumble out of the gate, up better than 32 1/2 bucks at $75.55 a share, an increase of 75% over its offering price that was ratcheted up a number of times. in case you're counting the significance of this, this company is run by whitney wolfe herd, had a problem gnat role
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starting tinder. there was suits going back and forth. she decided to find a female only dating app that went beyond that. of 559 companies that have gone public in the united states over the last 12 months, only two, only two apart from bumble were founded by women. also means in the case of miss wolfe heard, at the tender age of 31 she is a billionaire. her stake in that, when coming out of the gate at $43 a share, would have made her stake worth a billion dollars. now appreciably more than that. it is probably close to 1 and 3/$4 billion. not bad for a woman that took a hunch on a dating site that would appeal to women who had it for other dating sites, as one of her friends said, gotten too creepy. nothing creepy about all of this. we're following that. we're following on the get back to school front, but there
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is an asterisk to that. you will get back to school but not every day and might not go down easily. chicago reached a deal for in-person learning. there are some wrinkles with that. mike tobin with more from chicago. hey, mike. reporter: hello, neil, a lot of wrinkles but few students showing up. the aid school here in chicago where the students are showing up. they're a fraction of the 340,000 students in the chicago public school system. only pre-k and special education students are showing up today. but still, given that, it is the start of the phased in return to in-person schooling that we could see in chicago. some parented after almost a year are thrilled. >> i can't even express to you how excited i am for my son to go back into the classroom. he is going to get in person instruction. that is what he really needs. reporter: teachers are not
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happy. even though they ratified the agreement by a two to one margin, the union president wrote they took what they could get in an angry letter, this plan is not what knit of us deserve, not our students or families. the fact that cps could not delay reopening with vaccinations and reopening schools is a disgrace. some parents think the teachers were forced into this and they're keeping the kids home. >> it's a raw deal. it's a raw deal. i feel like they were bullied into taking it. it's not enough for the safety of our kids, of our teachers, of our community. >> i'm not a fan. honestly my son will be staying home. reporter: elementary kids show up on march the 1st. middle schoolers the week after that. the chief of schools out in chicago, the priority is to develop a timeline to get high schoolers back in class. there isn't a timeline yet.
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neil? neil: mike tobin, thank you very much, my friend. to inez stedman, independent women's forum senior policy analyst. i get the old line you have to crawl before you can walk. i guess they're crawling back to classes. i don't know if that solves the problem. what we're hearing out of the white house, what constitutes kids going back to school, that is one day a week. what do you make of all this? >> we've seen the administration walk back the idea that we're opening schools in 100 days. the idea we open 50% of schools at least one day a week. these hybrid scheduling is extremely difficult for parent who do work, who have to work. it is not really solving this sort of child care problem that so many families are facing but more fundamentally, we're seeing adversarial nature of these kinds of reopening battles. i think escalate, not de-escalate over time. i'm not sure opening school one day a week or you know, what's happening in chicago is really
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going to solve the fundamental problem that parents feel like they're not being listened to. that their voices are not nearly important as voices in the union deciding whether schools should be opened or closed. neil: you know, this is going to sound anti-teacher. it is not. i have plenty of teachers in my family, including my late mom who is a teacher. i guess one of the things that concern me, the only profession that i know of who is balking at returning to work even amid cdc guidelines that, it's okay that the threat of a teachers or administrators or anyone getting something from the kids is next to nil. dr. fauci reinforced that. so i don't get it. you know, if it is good for kids, it is good for a lot of teachers who i talked to would certainly prefer it themselves. so i don't understand this block, i guess what i'm coming down to.
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i just don't see it. >> it is really about the power of the unions, not about, for example, section rates or public health f that were the case we would see more good faith negotiation. instead we're seeing things like reopening school without teachers and just sending lower-paid, essentially, you know, child care workers into the schools. so how is that actually slowing the spread or any less dangerous? there is no rationale to why that would be better other than it is the power of the teachers unions that keeping teachers at home and not you know, concerned about the larger infection for society. you're right. all kinds of session workers have been working throughout this. i'm not saying that the risk to opening schools is absolutely nil, it is not but all the data we have it is one of the lower risk activities we can open. i think what is us frustrating parents is, they're seeing the down side of not opening schools, right? they're seeing the rising mental health issues among children. they're seeing isolation really
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starting to affect their kids. they're seeing gaps widen particularly between the more and less advantaged families. they're seeing within their own families their kids suffering. that is why they're looking balancing those risks. you're right. teachers unions are the only category of workers that really balked at this. they have one of the less risky jobs in terms of things we kept open during the pandemic. ultimately i don't see the dynamic changing because of enormous political power of the teachers unions until we change how we fund education and give families more control over the dollars spent on behalf of their children's education. that means school choice. frankly a lot of states are looking at that. we have 21 states already advancing school choice bills just this far in the legislative session. i think that is the only thing that will really break this kind of gridlock. neil: i don't know, to your point, hadley i talk to a lot of teachers in my family, they're working much harder doing things
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remotely which is tough especially teaching little kids. it's a heck of a lot easier to have the little gremlins in the class helping them out. these teachers at wits both ends. something has to be done. it seems ridiculous. inez, thank you. we're hear fog nancy pelosi, do not fear all of you unemployed, running out of benefits next month. she thinks the overall covid-19 package will get done and into law before those programs expire. we'll have more after this. ♪.
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♪. reporter: welcome back to "coast to coast." i'm hillary vaughn. democratic lawmakers in the house are singling outparcel letter for what they say is their role on the attack on capitol on january 6th. house oversight committee chairman carolyn maloney wants them to open up the books, who has a stake to the company and who they owe money to. she wrote a letter, since the attacks numerous parler users were arrested and charged with their roles with the department of justice citing that threats individuals made through parler in days leadings up to the a attack, looking at sites cited,
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parler is at the bottom of the pack. i talked with senator josh hawley who said there move is all about politics. >> if you want to investigate criminal wrongdoing and criminal activity on a platform, fine, but surely it should happen wherever the criminal activity might have been. when you don't even look at the biggest platforms, the most powerful platforms that looks suspicious. reporter: neil, when you look at those doj court documents, parler was referenced eight time. facebook was mentioned over 70 times. neil? neil: wow. that is power. hillary, thank you very much. go to rich rochelle, a long time since i talked to the gentleman. mitch, we're looking at the markets. we're looking at bitcoin, they got a little bit of oomph that bny mellon might join likes of tesla, providing a foundation where you buy and sell the cryptocurrencies, i'm over simplifying it but something is helping bitcoin, is it that?
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>> inches institutional acceptance whether it be tesla who let you buy a car with bitcoin or bny, the asset management business, i don't think they were dying to get into the holding of bitcoin but what is happening the account holders are asking to put it in a custody account or ira. they are putting in the plumbing, the office of currency who regulates banks gave the green light a few years ago. that is opening it up and you will see more enconstitutional acceptance down the road. neil: that is nice. building the plumbing for that. i wonder if that makes this fringe investment less of a fringe investment, what do you think? >> yeah. i think it almost legitimatizes it, i hazard to say that, because it is still very speculative. a lot of investors in bitcoin are surely speculators. but the more institutional acceptance that it gets the more people want to transact with it,
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what happens is. the big institutions beyond the pluming that they need to build, they need to hold reserves in it, so they settle trades using bitcoin, i think elon musk bought a tremendous amount of bitcoin toe use it in commerce. i think we'll see more and more of that. i think that is what is driving the rally in bitcoin right now. neil: you know i did notice, mitch, gm, mary barra had no interest in it at least thus far. she took a pass. what are we take make of that? >> listen, some of the big three automakers had no interest in electric vehicles as well. neil: you're right. >> maybe they had no interest in seatbelts once upon a time. i think they're late adopters. but what is interesting, bny mellon, you know, on leading edge of this, i believe it is the oldest financial institution in the united states. i could be wrong on that. so, you know the fact of the matter is they're on leading edge of it, tells you that their
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customers are asking for it. neil: it is very true. certainly bny has the street credit. it might spill over into cryptocurrencies. very good seeing you, mitch roschelle. macro trend founding partner, a lot more. we're down 146 now on the dow. there are a lot of possible wrinkles here, not least of which could include the idea a hike in the minimum wage to $15 is now going from the house to the united states senate, not just clearing a committee but the entire house. so now, senate, it's your turn. ♪ incomparable design makes it beautiful. state of the art technology,
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the building has $815 minimum wage. >> very proud of that. neil: might be proud of it. the white house might be worried because the going was in my have strong support but it leaves the house entirely going over to the senate to include the hike in minimum wage, $15 over the course of four years. that might complicate taxes in the senate where it's anyone's
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guess it could go. including west virginia senator joe manchin whose been very anxious about including a provision like that in there so may be complicating what was a slamdunk on the stimulus package. the market right now. welcome, everybody. glad you are with us. we are following these developments and slow reopening's going on across the u.s. come tomorrow in new york city, indoor dining reopening. limited basis in the new york city area, some of the restaurant are very small so expanding indoor dining might mean a table where there are four. more on that. >> higher minimum wage would hurt many of these restaurants but yes, tomorrow new york city indoor dining returns. it was closed two months, doris reopened just in time for the valentine's day proud although there will not be much of a crowd this year. capacity limited to 25%.
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governor andrew cuomo says positivity rate in new york state is now the lowest november 25. three and a half% and look at the number of people hospitalized, 7300, that's the lowest since the day after christmas. this is nearing trends we are seeing across the country, there's been a 36% decrease covid infections in the past two weeks and more good news on the vaccination front, nearly 34 million americans have received at least one dose of pfizer or moderna's vaccine. ten and a half million people have received two doses, meaning they are fully vaccinated. the cdc says if you've gotten the two jobs, and it has been two weeks, no need to quarantine if you been exposed to an infected person and if you don't want to be infected, try double masking. >> one of the ways you could if you would like to his put a
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class off mask over here and here and it's much better contained. >> there is a double station, to is better than one of the cdc finds wiring to mask could reduce exposure by up to 96 and a half%. i frequently double mask not only for protection but it creates the seal you don't fog up your glasses because i wear asses. as do you, you might know something about that. neil: no one will understand what you're saying if you where to masks. he soon it will be three and then four. [laughter] all right, thank you. >> your mask should say, i can't hear you. neil: i'd love to talk to you about that. thank you very much. let's go to liz, i think the real story here on the market and everything, the stimulus is
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very important, i understand the back and forth, what should be included and what should not, i think the courts in the economy and markets will be dictated on where we go with this virus and the more signs we see that cases are declining, more people are getting vaccinated, those are all good development. what you think? >> there's no question, this is what stands between today and full employment and a robust economy but the great news, but we have been hearing from lauren, by june, 60% of americans will have been vaccinated, a lot of models show june and july, august at the latest we will be back to, at herd immunity and that's a pretty normal economy which is why we don't need 1.9 trillion in stimulus because if you look at the flow of jobs on the
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cancellations of the number of people out of work and so forth, it's so closely tied to the lockdowns we have an bid populous states like new york and california, the jobs are going to come back. we are going to see a return to the kind of prosperity we had before the virus attacked our country. i think they need to stop particularly since $1 trillion is unspent from the prior bill, $1 trillion is out there still ready to be spent, that's enough. let's let this thing on its course and get back to normal. neil: all right, negative on all the stimulus and i hear what you're saying but i get sense wall street has a different thought and i think they've given up, their concern about deficits and data. they want the bigger the better and i think what might have contributed to this, you're
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closer than i am but what might have is the notion that they need a stimulus, then they start throwing other things into it like the hike in wages and other things. >> wall street is elaborated stimulus and could it be in jeopardy? i don't so. i don't know what the size will ultimately be there will be some type of stimulus package. let's also not forget about how much spending is going on here. the spending at this time is just to spend now. busy the projects that can be pushed into this bill and it becomes band-aids. what really needs to happen, what true stimulus is, number one, get the vaccines out because the more people who are vaccinated and can get back to work, the better off we are with the economy.
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from there, we have to look at creating the jobs. jobs have disappeared. they are not coming back. companies have gotten used to how to operate during a pandemic whether it's remote working, using technology to replace people, i am not sure we are ever going back to where we were before. neil: you know, liz in the middle of all of this, reserves are saying i got your back essentially saying i'm looking at jobs, getting more people employed which means i'm not looking to raise rates so he is really driving this. i just wonder your views on that and his posture through all of this. >> i think they are determined to signal endless monetary easiness and that's fine for now
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but that has nothing to do with what congress is up to on the physical side of the equation. i think i will six months ago was adamant we needed more stimulus, the monetary below rates and so forth wouldn't do it on its own, that's fine. we've had trillions in fiscal stimulus and it looks like i think we are right, we are going to have another trillion or so put in the mixed. at some time, that's going to change because even people like mary summers has commented about how maybe now we are going to see so much money in the system that is going to spur inflation. you can look at what has happened to commodities, prices are through the roof. oil prices have started to go up, there's a general weakening of price increases. we need jobs obviously, we need schools reopen and businesses
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reopened, that will create the organic growth we need. by the way, this is such a replay of 2009 -- 2010 with a big stimulus package and unemployment continued to go up because of the rules and mandates the obama administration ruled out a year after the stimulus employment was almost 15 million people so we know what works and what doesn't work. we've got to go back to allowing the markets to function. neil: dan, are you worried about inflation? we are nowhere near the levels we are used to worrying about, it is certainly. what you think? >> it is a worry and was a lot of discussion that inflation will be tied to this potential $15 an hour and mom wage. the indicators are there that we could have inflation ever. however, we've had things occurring in the economy, which in my mind should have triggered
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inflation already at this time so i'm not exactly sure why we haven't been experiencing it but it is a concern and the reaction to inflation will be increasing interest rates. increasing interest rates are absolutely going to have an impact on the market so this is a fine line powell has to walk as far as managing inflation, with interest rates and i said before on your show, you and i talked about this more than a year ago when donald trump put pressure on jerome powell, he should not have lowered rates as far as he did. he created a bubble and it didn't have to be there. neil: everything but stocks, a lot of people said he set up that. hang in, i'll have you back in a bit.
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including the plan democrat plaintiff put up. in the meantime, department of justice of public affairs on this ongoing impeachment trial happening right now, good to have you back. i know house managers are going to wrap up their arguments today and then the president legal team will come back to make some challenges but i would like to advance to what the legal team of the former president does because it didn't start off very well. you're probably losing the argument but having said that, how are they going to counter the emotionally gripping tapes and i know they don't necessarily close the deal and you have to have witnesses and all that so this is pretty fast but i'm wondering about the emotional impact it's having because it's clearly having one. >> you can certainly see that from coverage and what some of the republican senators were saying about that but i think
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today what you're seeing is a laundry list of really trying to connect the dots over a period of four plus years on president trump's twitter and i work at the justice department, donald trump's twitter frustrated me to no end because we are often on the other side of that but today what you see and what they will respond to is a bit of an overreach on democrats as they try to essentially punish trump for how he spoke over the past five to six years, i don't think that is as compelling as what they were doing yesterday. neil: one think they're trying to say, planting the seeds on part of his supporters, whatever he said went, whatever he argued was accepted and crescendo ahead of the election and pretreating in his view and it would be
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fixed. that kept it galvanized and overly pressurized. that's the case they are trying to complete today. are they making it? is enough to persuade some roho to say all right, my conscience is telling me i have to vote to convict? are the 17 republicans there about possible mindset? >> i don't think you will get 17 republicans. you could get five, seven, eight maybe in that range but 17 will be really difficult and again, what they are saying is because of your rhetoric responsible for all these idiots that stormed the capital on the sixth, that's what they are talking about today, all the different events of violence in the country,
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which they have not specifically related to trump but they are trying to show he somehow inspired that. the problem here, as i see it, you can take that and apply it to anybody. you could talk about hollywood movies inspiring mass shootings or video games and that argument doesn't work. i understand the president and his rhetoric will have a lot of sway with people and what they do but i just don't think this will be enough to get 17 republicans to vote to convict donald trump. neil: you know what i wonder, the goal is just to soil him down as donald trump including releasing the ever seen security video and otherwise that will leave an impression in the minds of the american public so donald trump can never run for office again, convicted or not. >> i think that is exactly what we are looking at here. this is political theater and
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what they are trying to do is damage donald trump so he can't run in 2024. it goes beyond that because they know all republicans that vote not to convict donald trump, they are going to use that in campaign ads in 20222024, wherever to really show that these guys voted twice to clear president trump look what happened at the capital, the ukraine, i lose track right now and different impeachment but i think they will use this political weaponry going forward and election not just against former president trump i think republicans that oppose the impeachment and republicans who vote against convicting donald trump. neil: thank you very much. you have to tell me someday what that was like dealing with the attacks the president had on jeff sessions of the time.
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pretty sure that's a vivid memory. when hollywood the liberties erupt over the closing of the pipeline, not because the president shut down keystone but because he didn't shut them all down. >> it is hard to make plans when you've got an administration trying to crush your future. ♪♪
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what are you making here to get the president to change his mind? >> it's important to arkansas and across the country because president biden putting the keystone pipeline on its death bed is putting jobs on their deathbed. neil: all right, that was attorney general joining the team were hogan's saying the president what went one step too far shutting down the keystone pipeline. whether they make progress on that is anyone's the president will not change his mind but celebrities say the president should go further, a lot further. it's not a finished pipeline,
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dakota pipeline is a finished line and celebrities right now, leonardo dicaprio and a host of others think the president should shut that one down, two so where is this going? keystone pipeline worker, i get it. might not end. what you think? >> well, i've said this before, when they shut down the keystone, it seems like the beginning and you are right, i've watched segments this morning about the dakota access and celebrities are going after that and i would like to tell everybody in the country right now, these people made a living, they portray fictional characters on tv and i represent real america, let me worry about the pipeline, you worry about making movies. [laughter] neil: and your friend, it's easy to just move over, you are
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worried about the future and that, what you tell them? >> i've been asked that 100 times in the last few weeks about getting a job and making panels. let me hit this from a different angle. we didn't go to college to learn to do what we do but that doesn't mean we didn't spend years and years training on the job to advance ourselves to make the money we do today. that's like telling a lawyer we need more attorneys in this country, that means you got to start all over and something you know nothing about. the administration training blue-collar workers like second-class citizens, just because you were construction means you can do any other construction job, that's an insult to me and to every blue-collar worker american in this country. neil: that idea would not be
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totally about one but i'm wondering what you are going to do. this is still happening, the administration is not reversing. maybe these celebrities are indicating something halfway accurate. there is more to come, what are you going to do? >> i don't know, it's been three weeks since this administration killed my job and it's not something you roll over and go to sleep is going to be better the next day, they've done something bigger, there's a bigger picture and i was excited this afternoon, i was contacted by my state attorney general. i think there needs to be legal action, that's where we need to head. the states affected by this, the governors, senators, attorney
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generals, it's time to get off the bench and get in the game because we got real american families suffering because of this and men and women in this country, we feel like pawns in the game of chess being played in washington d.c. and it's not a game, these are real americans, real families and real bills, real lives. it's time to get in the game and help us out. neil: i think they will start paying attention when they see prices rise of the pump. i don't know whether it directly related to the keystone but all of this is occurring with an uptick in demand for all sorts of oil and related forms of energy. what about bad timing, right. >> it is bad timing and demand is still there for oil and gas, it always going to be there and we need leaders who understand that we need green projects and we can't run this whole country
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off green energy, we need leaders who know there is a ballots. we got people like aoc who would laugh at misfortunes over this pipeline industry. she probably goes through an oil down of oil every day in lipstick. don't question the method in which we provided. neil: a lot of people are impressed with your passion. i'm sure you have heard this. what you think of this? >> i've been told i get it and i'm lucky enough my story got out there but there are millions of americans out there. there's a bunch of us and it's time, we've got to do something. we can't keep heading down this direction. the direction we're headed right now, look at california. they have shunned natural gas,
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they are trying to run the whole day off green energy. 30% is off green energy and they can't even keep the power on in the summer. they have to call customers and say they are shutting you down today because we've got no power to go around. can you imagine a country dealing with that talk about national security issue. neil: hang in there, my friend. i admire your passion. you are an impressive guy. again, be well, be safe. oil prices have been on an uptick right now, a host of energies have been right now. strong economy and turnaround. slowly coming out of our homes, demand is building even as the supply cuts. more after this.
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all right, gusts perino said
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this was coming in the "wall street journal" is reporting the justice department has subpoenaed information from robin hood markets and others addressing the game stop mania, the focus will be on potential manipulation. also justices are looking at others involved in this, robin hood, reddit and others to say nothing of the company themselves. game stop and all those caught in the middle of this. we don't know. we're going to talk to him a little later but for now, peter from an industry standpoint here that washington would get involved and come up with rules and regulations that could make a bad situation worse betty and subpoena information as we speak from robin hood markets and others. what happened? how did it get to be so crazy? we are following that number of
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other development. let's get to live on this, this is just breaking. liz, we talked about all of this around the stocks that were shorted and everything else and then it got to be a populace campaign and i suspect it was more overwhelming man for the government is looking into it. why do i feel i should be worried? [laughter] >> the government probably will not make it better. that's why you should be worried there concern seems to center on this statement that robin hood made about their sources of revenue. i doubt all the people have been trading on robin hood imagine there is no source of revenue but maybe they are confused about directing of trades and how that works. i think the sac honestly feels like had to do something like it
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was a huge corruption in our markets fueled by a lot of misinformation. as i said before, i don't think there are heroes here, i don't think there is necessarily a need for the government to step in, if they step in squash robin hood, i think that will go very badly and perhaps that will be the outcome but the administration has to be careful of being heavy-handed because as you say, it's right or wrong, david and goliath. >> are always going to be people who will try to push down the pipe, they feel is too pricey will counter them and feel they are going too far. do we need washington to regulate and police that? supplies two basic trades were
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beyond that. >> we don't need washington to get involved with this especially because the real danger is that they are going to overcompensate for what happened and all of a sudden, the pendulum swings all the way to the other side. what happened here got a lot of attention and rightly so, it was something very unusual and in this age of information where things are happening so fast, business at the speed of thought, you will have situations like this happen. the question is, was anything done illegally? as far as i see, i have been seen anything illegal so the government will step in, charlie cast perino was right and calling that this would happen but i am not sure that they are going to find anything and the frustrating part for the
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government is there are a lot of people out there complaining but what is the solution? the practical solution. i don't think that exists. neil: sometimes it can be your own behavior where investors avoid stocks as a result, that is a separate matter but speaking of that, we are learning right now at alexandria ocasio-cortez and others are pushing the president to go further on student loan forgiveness rather than the $10000 he's considering making it 50000. the student in school or just graduating or appearance of one who just does not pay their debt and wait it out and think it's going to be forgiven anyway and if i don't pay, are they including these changes? >> this is such bad politics and policy. usually a few minutes ago, you
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had on a blue-collar worker complaining about how the administration doesn't care about blue-collar workers normally, a group pretty important to democrats. blue-collar workers don't like the idea wealthy people are going to get bailed out on the student debt and by the way, just to set the record straight on, half the students coming out of college have no debt or less than $20000. the people who run up these enormous loads of debt are people going to graduate school and they should be responsible if they are going to graduate school for what they are borrowing. we know this isn't regressive policy, it will only drive up tuition and make a lot of people who think this administration is not on the side of the little guy. neil: final word, liz. we've run out of time, i would to thank you. we'll keep an eye on that. we are looking at the fall out,
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a decision to reinsert the national anthem at all games. we'll look at that in a bit. in the meantime, let's go to webster. there's another problem for cars companies that desperately need chips for the fancy stuff in our cars and there are not enough of them right now. what is going on? >> among chips you need, the semiconductor shortage giving the order auto industry and the biden administration attention, days after automakers made it known production will have to be slowed down and stop because of lack of chips needed in production. the white house saying this in the last hour. >> the administration is identifying potential checkpoints and supply chains and working alongside stakeholders and industries and trading partners to do more now. >> white house press secretary
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going on to say the president will sign executive order, another one in the coming weeks to begin comprehensive review of supply chains for critical goods such as semiconductors, good news for auto makers. general motors shut down already slowing production, same story for the others including toyota, nissan and honda. that will really put a major dent in auto production as you can imagine. according to one group, total production for 2021 could drop by as much as 964,000 vehicles just because of the ship shortage. gm alone could see an impact of 10000 vehicles a week not getting produced to make matters worse, inventory is a low so the problem the biden administration said what they can do what hurting because of the lack of chips. back to you. neil: thank you very much.
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oh say can you see the watsons if you don't play the national anthem? mark is just finding out the hard way. ♪♪ ♪♪ you're wrong when it's right ♪ ♪ it's black and it's white ♪ ♪
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there are quite a few people, their concerns and fears that national anthem did not fully represent, their voices were not being heard so we've had conversations about whether or not we should play the anthem. we didn't, the bottom line, we've always discussed the fact that we would play it at some time when fans came back. neil: interesting thing is that mark cuban had not been playing the national anthem, i don't even know how it came to light that was not happening but is
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now happening and the mba has effectively said it's a requirement here and they must like the national anthem so everything is back to normal. daniels has more on this. >> good afternoon. they were able to get away with not playing it because there was nobody there to watch and report on that but having said that, that sound like saying we didn't cancel the national anthem, there are a lot of people who feel he essentially tried to after pushback from the nba, the anthem was played at last night's game in dallas and cubans reasoning, they came up in conversations the reference to their, the concern that the national anthem didn't represent everyone. he said we add the voices of those who feel the anthem
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doesn't represent them. we feel that voices need to be respected and heard because they have not been. from a business perspective, that's how i look at it, there's a bigger question here. in this case, breaking with a tradition and mba said it was a long-standing tradition and making a political statement come with a financial impact. the franchise is worth $2.45 billion. the leak made it clear through his actions but it didn't want to get in right on this are caught up in it but there is concern the mavericks specifically could see backlash. similar to what we saw in the nfl with the controversial kneeling campaign but we have seen and other corporate brands, not just sports. running the bruce springsteen ad during the super bowl carrying a political undertone there and i want to add they've pulled the attic because the boss was recently arrested for dui and that broke after the ad played but the larger question here is, do people want to associate business with politics?
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if a ceo, a company, a team makes statement, are you alienating while you respect or some part of the population, are you alienating another part of the population? that's what they have to juggle as they figure it out. neil: thank you. got to follow the rules. change the rules if you don't like them. thank you very much. charlie gasparilla was just on, they're sitting around right now about what was going on in robin hood and what happened with that. she's here with an update because they are doing just that. ♪♪ ♪♪
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♪ limu emu & doug ♪
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hey limu! [ squawks ] how great is it that we get to tell everybody how liberty mutual customizes your car insurance so you only pay for what you need? i mean it... oh, sorry... [ laughter ] woops! [ laughter ] good evening! meow! nope. oh... what? i'm an emu! ah ha ha. no, buddy! buddy, it's a filter! only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ you might remember in march when congress passed the cares of one component was unemployment benefits, up to $350 billion worth. in recent months from labor department and present potentially as much as $36 billion went to scammers. the underlying issue was the
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scammers and the filing for benefits using else's name, a problem we've seen all across the country. one "issue is" that unemployment benefits are taxable meaning of someone filed in your name, you could have an unexpected tax headache in the upcoming weeks and months. irs and experts say victims of the fraud should contact the. >> the first thing to do is to go to your state agency if you have an incorrect 109999 you didn't get an employment, go to your state agency the site fill out a form of contact by telephone and also, make sure you do for necessary procedures normally do as if your identity got stolen. >> one thing in mind that this is an issue relating to the cares act from last month but
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since then, we seem unemployment insurance benefits from down the length of the packet negotiated in december and here in washington, democrats are talking about $1.920 package extending unemployment benefits as well so unfortunately, this might not a one-off issue but something might have to keep in mind for many months. neil: very much. in washington, hooking up for the washington, probably for the loping on and requesting information. what is the latest works can affect the justice department, we've reported as easy and possible manipulation case but somehow people were bidding up shares of these companies to bid up thing game stop is the latest sliced bread and knowing the stock would go down from the
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company wasn't the greatest thing, that's looked at by the exchange commission. justice department according to the journal is involved now usually justice department investigations, going back the sec and vice a versa, i don't think it is a huge issue here other than to say they are going to look at this and probably are not going to find anything. look up the last time they brought the case, very difficult. on another level, their congressional hearings taking place next week on the whole game stop read it robin hood trading frenzy. maxine waters, the chair of the house financial services committee, it's an interesting group of people they are trying to get to go to the hearing. i believe it next wednesday. one person definitely going is robin hood ceo. the other appendices are interesting. they got bailed out by the
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credit robin hood traders, their ceo is likely to show. the ceo of citadel investments, a key player that bailed out also allows robin hood to trade for free by buying its order flow and paying them for the order flow. he's likely to be there as well as read it ceo, huffman, i am told by sources those names are not set in stone. that's likely to come possibly today that we can hear exactly who's going to be on that from the financial services committee. the focus of the hearing will be on the frenzy in the game stop trading. a semi- controversial packet of practice were companies like citadel by robin hood trades, match buyers and sellers and trade on the information. that could be a focus and shortselling. shortselling is at the heart.
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a short squeeze here. companies like game stock, credit traders target them, squeezed them and bought shares making the position, the prices go down, making the position untenable and unprofitable. they put melvin out of business so less likely to be discussed as well. you should hear imminently from the house financial committee exactly who's going to be there. the one name i have one 100% confirmed -- other names are talked about in likely to be the third. neil: normally watching this, they have hearings that often times they follow-up. there is a risk with that. what are you hearing? >> say that again -- i can attest that. neil: there could be followed. >> i think there will be
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regulations. we have an act of congress more active administration money, a guy in favor of regulation, we could see some regulation here. i don't know if we will get in the short sale and that will happen if we would have his brokerage so they could go there. so some of this stuff is beyond the edge of the very least. ♪♪ neil: right thing by the way, your shot looks great you are the tech genius. charlie gasparilla, who will follow a lot more when we come back. ♪♪ y
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. .
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neil: all right, this shot with charles always looks great. so did the other charles, charles payne. to you, my friend. charles: thank you very much, neil. good afternoon, everyone. i'm charles payne. this is making "money." breaking right now, maybe it is winter doldrums or good old-fashioned consolidation but market has been somewhat lackluster, had the feeling all week long at least with the larger cap names but there is exciting time in general for all of us to be alive. so many things we fantasized about growing up is coming to life. the future is great news you get a chance to own it. small cap stocks continue to be on fire, by the way for all the right reasons. i say the game stock

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