tv Cavuto Coast to Coast FOX Business February 12, 2021 12:00pm-2:00pm EST
9:00 am
lead horse here. you have governors like cuomo who are out there doing -- just keeping everybody informed all day. i think he's doing an incredible job. new york governor andrew cuomo's briefings -- stuart: governor cuomo is the subject of a rather nasty investigation about nursing home deaths, and he's meeting right now in the oval office with president biden. going to get some news out of that. neil cavuto, sir, it is yours. neil: all right, stuart, have a great weekend, my friend. we'll see if anything comes out of that meeting. again, a lot of it is on the rescue plan, stimulus plan, a lot of doubt as to what the final makeup of that will be. they got some good news out of the house, at least for progressives, the requirement that this package includes that $15 minimum wage hike. that might make it problematic in the senate, might lose actually a couple of democratic votes as welcome also a push to make sure it includes loan forgiveness, up to $15,000 worth -- $50,000 worth if the
9:01 am
likes of alexandria ocasio-cortez and others get their way. this is far from a slam dunk in the how the president juggles this and keeps everyone happy. that's one of those things we're waiting to see. hillary vaughn following these fast-moving developments as the impeachment trial also a picks up with the president's lawyers responding to those democratic house managers who presented a blistering case against the president. hillary, you've got a lot to cover today. good to see you. >> reporter: hey, neil. well, president biden is still meeting with those governors and mayors in the oval office right now, and he told them that they are here today because he wants their input on what they need, how he can help with the unemployed people in their states and in their localities but also how he can address a larger push to help them with any funding that they need. biden's relief plan is still taking shape right now, winding its way through house committees and mark-up sessions today. yesterday the president of the u.s. conference of mayors sent a letter to the house oversight
9:02 am
committee that is beginning their mark if-up right now on the bill saying they need direct funding, writing this, quote: the nation cannot a afford more job losses especially in the public sector when our constituents are depending on municipal services during this crisis more than ever. but some in congress worry that because of this package, of more job losses could be on the way after house speaker nancy pelosi confirmed a $15 federal minimum wage hike will be included in the panel they send to the senate even though democrats in the upper chamber already have two defectors. senator joe manchin and senator kirsten cinema say they will not support the hike. parts of the package were passed last night including the stimulus checks and a tax credit advance, up to $3600 per child every year. but they rejected every single republican attempt to put their input into the bill, they voted no on gop amendments that would
9:03 am
allow states to use unemployment money as a back to work bonus for workers, an effort to make the 201617 change that doubled the child tax credit permanent and also an additional stimulus check for workers put out of work from president biden's executive actions or from a $15 an hour minimum wage hike. >> $2 trillion in this package, at least you can provide a little extra help to those who were damaged the most, whose families are hurt because of these executive actions. mr. chairman, i ask for an extra stimulus check for the millions of jobless in america. >> reporter: and, neil, it's not just republicans on the house ways and means committee that are complaining about democrats bailing on bipartisanship. republicans in the house transportation committee also said none of their amendments were accepted. the house is planning to vote on the full package ten days from today. neil? neil: that is an aggressive timeline. hillary, thank you very much.
9:04 am
hillary vaughn in washington on that. we did get a few more details, by the way, who is at this meeting. the list are includes governor andrew cuomo, asa hutchinson, above of new mexico, governor larry hogan, a fairly even mix of democrat and republican, mayor francis, miami florida, is there. again, it's just to present the rescue and relief plan and each candidate there sort of arguing their case that the bigger the better, they'd like to see. even something you hear out of some, not all, republicans who argue that if you want to err on the side of going too far than too little. charles payne on that, the "making money" host, right after this show. charles, wall street's kind of that mindset, i think, that stimulus should be big if you're going to err an anything, go big and debate it later. so is there anything in your eyes that could, you know,
9:05 am
disarm wall street or all of a sudden alarm wall street that they're throwing in all this other stuff that might make that a little less palatable? charles: you know, because it's a deficit bill, you know, they're not raising taxes on this, wall street's, like, go big, go big, go big. oh, by the way, go big, you know in they understand -- [laughter] this cash will eventually flow through the economy. and, you know, even if a significant portion is used initially to pay down debt and for savings, ultimately that just means that you've got a household balance sheet that's a lot stronger. consumers, when they feel better, will start to use that money. the same thing with money in savings. wall street just sees it as a magnificent to bonanza, and all of the other things that they know could be a problem, they're less concerned about because they know automatically what this means in terms of potential corporate profits and higher economic data. neil: you know, i know this
9:06 am
notion that, you know, you still have a trillion dollars that hasn't been spent yet on top of, you know, whatever we get here, that's another $3 trillion, and the expectation that that's going to improve the economy, and it's going to add to the stimulus and keep all of this going. are you in that camp, whatever the deficit and debt fears -- and they're big -- that that's wall street's thinking too? charles: i'm not in that camp, although i do believe and i thought there should have been a greater effort even when president trump was in office to give $2 trillion to the right people. you know, this morning we saw the michigan sentiment report, and it came in far lower than expected. the part that's hurting everyone is what we see going ahead, but that one-third of lower household incomes under 75,000, some of the data, neil, folks that said they saw an improvement in their finances, only 23%. that's the worst number since 2014. those that said that their incomes went up was just, like,
9:07 am
13, 14%. so there's a part of the economy that is suffering mightily. we just saw it again friday -- thursday as well with the initial jobless claims, persistently above the 2009 highs. so we know it exists. we know it's there. but let's be honest, this is not about public suffering, this is about getting as much money as you can, particularly if you're a democrat. not -- i tell people to envision one of those money boots, you know those old money boots, you get in them, usually what happens is they have two clash 100 billions -- $100 bills. yeah, it's for the kids. just grab it and get out, you know? [laughter] neil: all right. well, i'm way too young to remember that, but -- [laughter] i'm glad -- [laughter] great seeing you. can't wait to see you at 2 p.m. charles payne. let's go to francis newton stacy on this, capital director of
9:08 am
strategy, jon hilsenrath with us as well, wall street journal global economics editor, fox news contributor, fox business contributor, you name it. jon, this idea that we're running a deficit likely of $2.3 trillion, that's without stimulus -- so, obviously, will add significantly to that with stimulus -- no one seems worried about it. maybe down the road they'll be worried about it. your thoughts. >> well, first of all, i'm hoping you guys can tell me where these money boots are and how i can get inside one of them -- [laughter] i've just been holed up at home for a long time. you know, neil, you're probablies also too young to remember back -- probably also too young to remember back in the '90s we had this idea of bond market vigilantes, right? whenever we got bad deficit numbers out, interest rates would go up, and there was a lot of pressure on washington to deal with budge deficits, and that's why george h.w. bush and bill clinton did, because the
9:09 am
market demanded it. the market doesn't demand it now, and as long as the market doesn't demand it, washington's not going to do it. charles is right, it's a money boot, and they're going to keep going. what i'm watching in this debate right now, what's happening with that minimum wage. because that tells me something about how much influence the left is having on policy because you can have a real debate about whether the minimum wage is counterproductive or helpful to low income households. you could argue that when you raise the minimum wage, it gives companies a disincentive to hire. the left is pushing hard for it, and, you know, that's the way this is going, that tells you that the left is winning these debates. neil: you know, that's an interesting argument, francis, because as soon as i heard this out of nancy pelosi, we're sending that $15 minimum wage thing, you know, to the senate, i could just imagine joe biden saying, really? i mean, do we have to be doing
9:10 am
this right now in. >> what are we looking at within the democratic party? there's going to be an aggressive back and forth on this. i don't think this'll end peacefully. i don't think it'll disrupt the stimulus, but i don't think it will not reveal some internal fighting. >> no, it's absolutely true. the $15 minimum wage is the justification for the inflation being caused by dumping all this stimulus into circulation because prices are going up. i mean, lumber has gone up multiple hundreds of percent, food costs have gone up at least 12%, in some cases up to 40%. so what's happening is you're having the bottom of the k-shaped recovery where the people who are not benefiting from the stimulus not only are they hurting from a loss of employment, but they're hurting from an increase in a cost of living. and so the band-aid approach to that is to raise the minimum wage to $15. the problem with is you do stifle the recovery because this is a bad time to put pressure on balance sheets when you have a
9:11 am
lot of companies, because of the pandemic, on the brink of bankruptcy. neil: you know, guys, we're getting some, you know, details on what the president is telling these mayors and governors, and one of them there is a need right now to help states with unemployed people and opening schools. separately he says, jon, he wants to know more from governors and mayors what they need in this covid rescue plan. well, to a above at least -- i don't know about the mayors, but certainly to a governor, they want help. and the more money the better. and i suspect there is this anxiety among republicans who say, well, you're actually bailing out governors who, you know, had a history of problems in their states, and they want to be bailed out from that. i might add that a couple of republican governors are among those who are requesting some aid maybe for different reasons. but my point is that seems to be a moving target that gets a rot more expensive. -- a lot more expensive. what do you think?
9:12 am
>> yeah. there's a couple of things to pull apart here. one is that when you look at state and local budgets, there was a lot of fear last year that they were going to, that these budgets were going to collapse because there was so much strain on the resources for employment benefits, medicaid and things like that, and they depended on sales tax revenues which were being hit. what happened was they weren't hit as hard as a lot of people expected. part of that was because they did get a lot of federal aid last year, but it wasn't as bad a crisis as people expected. some economists say, well, maybe it's going to happen this year instead of next. so, frankly, i just don't know how deep that strain is right now. in terms of this idea of profligate states and local governments, for a federal lawmaker to make that argument, it's kind of laughable because state and local governments have to balance their budgets. they have rainy day funds. the federal government is running up trillions and trillions of dollars of debt
9:13 am
every year, and for them to be calling out state governments, like i say, it's kind of a joke. neil: all right. guys, i'm going to get you back in a couple segments. we are following how that's made, also keeping one eye, obviously, on the impeachment trial. the pressure on david schoen and bruise castor right now is just -- bruce castor is just incredible. they already met with the likes of lindsey graham and ted cruz essentially giving them guidance and to make their argument much more focused than it was at the outset here. so we'll be looking into that in a lot more detail here. also looking at some of the new guidelines the cdc will be outlining today for reopening our schools. and not everyone's on the same page, not everyone seems to have the same definition of what defines reopened schools. ♪ ♪
9:14 am
(sam) gamers! he who is good for making excuses is seldom good for anything else. take fuzzywuzzy28. blamin' losses on a laggy network. only one or two. verizon 5g ultra wideband is here, the fastest 5g in the world, with ultra... low... lag! stop blaming the network and start becoming the best gamers in the ga-- that escalated quickly. (sam) 5g ultra wideband, now in parts of many cities.
9:15 am
this is 5g built right. only from verizon. turning 65? at aetna, we take a total, connected approach to your health and wellness to help you age actively. with medicare advantage plans designed for the whole you, we offer monthly plan premiums starting at $0. hospital, medical and prescription drug coverage, in one simple plan. plus dental, vision and hearing. aetna medicare advantage plans. call today to learn more or to be connected to a local agent in your community and we'll send you a $10 visa reward card with no obligation to enroll.
9:16 am
in these uncertain times, it's important to own physical gold. fortunately, there's an easy way to invest at the source right here on american soil. we're golden independence and our advanced stage nevada gold project is located within the largest gold producing complex in the world with an historical resource of over one million ounces and active drilling to expand even further. time is now for golden independence. with sofi, i was able to condense all of my loans under one account. i was able to lower my monthly payments and feel like i'm well on my way to becoming debt free. and i have sofi to thank for that. ♪♪ so you're a small business, and i have sofi to thank for that. or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward,
9:17 am
with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. ♪ ♪ >> why should we be satisfied with that this. >> they shouldn't be. i wouldn't be as a parent, and i
9:18 am
am a parent. neil: all right. well, that's good to know. blake burman is parent as well and has to where ising with these same issues a lot of parents have to, that is, if and when schools reopen and how that happens. i think a little, too little for this right now, blake, but i'm sure you're dealing with what defines reopening, is it one day a week, five days a week, is it anytime during any week? i guess cdc's going to give some guidelines, but good luck. >> reporter: there's so much that goes into it. my kids are young, i know your kids are, i believe, teenagers -- neil: they've retired. they've all retired. [laughter] boy, if they were, it'd be tough. >> reporter: you're right, it's something we wrestle with, and we are going to hear from the cd the c in the 2:00 hour, putting forward this guidance and these guidelines as to how to potentially go about reopening schools. lots of questions with this, of course. of course, vaccinating teachers, what they may or may not look
9:19 am
like, class sizes, for example, ventilation systems, what the recommendations are in schools there. and there's going to be some focus here, neil, especially considering because we heard from the cdc director earlier this month essentially say that, in her view, schools are safe for students and teachers. listen. >> also want to be clear that there's increasing data to suggest that schools can safely reopen and that safe reopening does not suggest that teachers need to be vaccinated in order to reopen safely. >> reporter: we did hear the president just a little while ago talk about this issue. as you mentioned, he is in the oval office meeting with mayors and governors to push his rescue plan, and the president said that money is needed to go to states so that they can safely reopen schools. >> the need to help the states economically in terms of
9:20 am
unemployment to being able to make sure they can get kids back to school and what the federal role is to be played in help getting that done. >> reporter: there's been a bit of a shifting position from the biden administration on this one. the president had campaigned that most schools would be reopened in the first 100 days he was in office, however, the press secretary said this week means more than 50% for one day a week, the current number already higher than that as is, and the line right now from the administration, the president, they say, will not rest until school is opened five days a week. we should be getting that guidance from the cdc later this afternoon. and, by the way, neil, it is valentine's weekend. just want to let our audience know, you see these hearts behind me, gratitude, that is not my valentine's message specifically for you, but we do love you and appreciate you. that is something that's here on the north lawn right now, a surprise that the first lady put on the north lawn last night as
9:21 am
we head into this valentine's weekend with. gratitude to you as always, mr. cavuto. and your kids. neil: she knew you would be there, standing there, gratitude from the first rah lady of the united states. blake burman, hope you have a wonderful valentine's day. all right, let's go to dr. marty makary, he makes every day grateful for a lot of people, johns hopkins university professor, fox news medical contributor. doctor, always good to have you. this whole thing with the schooling thing, it's confusing a lot of folks. from a medical perspective, i guess if you don't mind my pivoting this way, does it, does it help or hurt the kids going back one day a week versus, well, no day a week? >> well, we know that it's very safe for kids to go to school. we know that in-person learning has demonstrated no real transmission of infections. there's been a study of 90,000
9:22 am
kids in north carolina school districts, not a single transmission from child to teacher. this is really a simple science, neil, and that's why the journal of the american medical association has a statement that schools have not contributed to transmission. we almost have sort of a randomized controlled trial, private schools have not been a vector of transmission. this is subtle science in my opinion, purely political at this point. neil: yeah, it is. i hate playing politics so i won't, but the cdc director seems to signal what you just said, doctor, and the president not quite as keen to be on the same page for the time being and deferring right now to the teachers union types that want to push this off if they can. so no judging one way or the other, it is confusing. let me switch gears on this move on the part of cvs and walgreens, i believe beginning today, to offer the vaccine shots and the like. this follows on the heats of
9:23 am
rite aid and safeway, publix that are offering such vaccines at some of their locations. what do you think of this as it grows? i guess a rot depends on getting the vaccine, but these are going to be venues through which they'll be distributed? >> you know, the railroad tracks for vaccine distribution have been built over the last two months, and now we're going to see high-speed trains come through. we're on target to see 250 million vaccines come to market by the end of march, including those that have already been administered. assuming 60% go as first doses and 40% as second doses, that's about 150 million americans. add to that the natural immunity, i don't think we're going to have much of a pandemic in april. look at the massive rate of decline in infections. 62% decline in daily cases over the last five weeks. i mean, that's -- if that were a pill, that would have been a miracle pill, right?
9:24 am
a 62% decline in daily cases. i think also when it comes to policy, we can't be making policy that's rigid and going to trigger at a certain point in the future when the situation is fluid. we may not have a pandemic in april. neil: you know, first, doctor, a couple of months ago when you first spoke about that april light at the end of the tunnel thing, i thought you were nuts. but you ended up looking pretty prescient here. having said that, there were a number of companies including spotify, salesforce, google that are pushing back the time which their employees should come back to work. i think spotify is just going to say do whatever you want to do, like, forever. the others are a little more open to the fall or something like that. what do you make of how some companies are playing with this right now? >> well, look, i think some businesses are just naturally set up to give people more autonomy in where they work, but i think we're going to see the pendulum swing back towards
9:25 am
communities. people are lonely. loneliness has been one of the great epidemics that predated covid. it's rampant among seniors, but now it's wide spread, and it's been magnified, and some people don't like it. i think you're going to see businesses respond by saying, yes, we are setting up our offices in a way that people can gather and have a community. neil: all right. quickly, doctor, the biden administration outlined the deal for 200 million more vaccine doses, i guess evenly divided between pfizer and moderna. and that would bring to 600 million doses that would be available or out there presumably by the fall. and i know if you cut it in half because most of it's two-dose regimens here, that's 300 of the 335 million americans who will have had potential access to these vaccines and distributed
9:26 am
them. is that herd mentality right there? >> well, look, there's a myth out there that i strongly disagree with that you'll hear from the medical guard and that is we have to vaccinate 75-80% or something in that ballpark in order to reach herd immunity. that is dismissive of all the natural immunity. now, we novak city nateed immunity is more durable than prior infection. i think our real challenge is going to be convincing people to get the vaccine after april. we're going to see the demand and supply flip, so we're going to have to find people who are vulnerable, deliver the vaccine to them. they may not come to the super bowl. i think we, you know, we're going to be in a situation where come april -- or, sorry, come august, we're going to be hungry for that adjustment, the revised vaccine that addresses the new variants ahead of the fall cycle. that's going to be the challenge. is i think we're going to be
9:27 am
really, i need to focus on now how do we prepare to get out a wide distribution of that revised vaccine for the variant come august and september. neil: all right. we'll watch it closely. dr. marty makary, have a safe valentine's weekend and all of that. johns hopkins university professor of public health, much, much more. also we're following these other developments, speaking of the virus and how cities and statements are opening up a little bit more in new jersey and new york and in new york city where indoor dining returns today, albeit at 25% occupy i. occupancy. go ahead and make your reservations. ♪ don't start caring about me now. ♪ walk away, you know how -- ♪ don't start caring about me now. ♪
9:28 am
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,
9:29 am
or cause dehydration or infection. at the first sign, call your doctor, start an anti-diarrheal, and drink fluids. before taking verzenio, tell your doctor about any fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. life-threatening lung inflammation can occur. tell your doctor about any new or worsening trouble breathing, cough, or chest pain. serious liver problems can happen. symptoms include fatigue, appetite loss, stomach pain, and bleeding or bruising. blood clots that can lead to death have occurred. tell your doctor if you have pain or swelling in your arms or legs, shortness of breath, chest pain and rapid breathing or heart rate, or if you are pregnant or nursing. every day matters. and i want more of them. ask your doctor about everyday verzenio.
9:32 am
>> we're doing whatever we have too not only because it's the rules, but also because we want our customers to feel as comfortable as possible. ing i think it's a big boost for new york city because what drives new york is really the culture, and where does the culture come from? it comes from the arts and it comes from restaurants and dining and going out. neil: yeah. i put the restaurants in front of that. [laughter] in new york they're going to be opening, new york city, first time in months right now. 25% capacity, but as any restaurant owner will tell you, it's better than nothing. aishah hasnie following a all this in the big apple. they're grateful for at least being able to open in some limited capacity, right? >> reporter: that's right, neil, yeah. some restaurant workers that i've spoken to in the last this hours said -- 24 hours said, look, we're excited because it is the valentine's a day weekend. we're hoping for a rush from those couples. but in that same breath they say it's not enough. they wish it would be up to 50% capacity in their places
9:33 am
including jeremy, owner of good enough to eat on the upper west side. he says that 25%, neil, he's actually going to lose money after he pays his team and the cost of food and beverage, but at 50% he says he wouldn't make a profit, but he could start paying off some bills. while jose, also on the city's upper west side, told me the difference could mean getting his workers more hours to help feed their families. listen. >> we will try to give them three days now that we have 25%. >> reporter: and 50% would mean how many days? >> four, four of and a half, back to full time. >> reporter: that's a big difference. >> it is. >> i'll find a way to make a living to feed my family. it's the people who work here, some who can't get any government assistance and others who can but can't get enough to feed their family that need this type of establishment. >> reporter: yeah. and just last week 70 bars and
9:34 am
restaurants filed for an emergency injunction to reopen at 50%. right now it's part of an ongoing lawsuit against governor andrew cuomo, the state, mayor bill de blasio and the city. by the way, governor cuomo says, look, if the infection rate in the city goes down, he will increase capacity. all depends on the numbers. and, by the way, just in the last hour he did make a big change. he's now allowing restaurants to stay open past that 10:00 curfew, now they can open till 11 p.m. starting sunday. so things are changing just a little bit on the ground. neil? neil: you think of it, so many of these restaurants, restaurant row, little italy, they're small. some of them have four or five tables. so, you know, one couple of one family's at one table, that's it. you have to wait until they leave. >> reporter: that's it. yeah, you're right. neil: all right. >> reporter: some of these
9:35 am
restaurants can only have about -- neil: yeah. >> reporter: yeah, some of these restaurants can only have about 18 and a half people. i mean, that's not a lot when you think about it. so some of these places are even putting limits on how long you can sit and eat. you've got to be out in 90 minutes because they've got to make a profit somehow. neil? neil: yeah. i can just see them chasing them out now. wrap it up. thank you, that was very, very interesting. so, again, be grateful that they are reopening. so it's a start. let's go to frances newton stacy, jon hilsenrath back with us. i did want to touch on these restaurants slowly beginning to reopen, albeit under super limited capacity herement frances, this will make a difference though. i think it's a start and maybe this'll speed up, but a lot depends if it does speed up, right? >> yes. it fends if it does speed up --
9:36 am
depends if it does speed up very, very soon. restaurants have made all kinds of different decisions whether to reopen or not reopen under such restrictive circumstances. hopefully, new yorkers find the reservation book of this limited capacity is completely full. i think that will start to be the revival of new york, and maybe we'll see real estate prices finally bottom out. i'm looking forward to coming up, my favorite restaurant is on 56th. indian accent, so i'm hoping it's going to be open when i get back up there. and i miss you guys in the studio. neil: no, i hear you. i'm waiting for the whole olive garden thing because that's just around the block. if that happens, i'm there. jon, let me get your take on this. we're coming up on the year anniversary of, you know, everything that went down in wuhan and how bad it was, we would only later find out. but now your fine paper and others are reporting that china's refusing to give the world health organization any
9:37 am
raw data on those early covid-19 cases, many of which were piling up, you know, back a year ago in january and early february, sometimes before that, well before that. so if they refuse to hand that over, we're at a loss here, right? >> well, you know, what's remarkable about this is we kind of knew even before this pandemic that countries tended to play down big infectious disease outbreaks in their early stages because it has economic effects early on. the fact that china is still doing it a year later and guarding its data a year later just kind of shows what a heavy hand they have on information in their society. and i just have to wonder, you know, what kind of long game are they playing here. if they want to be involved in a global economy and global
9:38 am
activity and they depend on it for exports, then they've really got to be thinking about, you know, about playing a more open game. and it doesn't look like they're willing to do it, and that's the way they've behaved in hong kong, that's the way they've behaved with the uighurs, and you really have to wonder what their long game is here. neil: you know, what is their long game, frances? you think about it because, obviously, we still have a tense relationship with china. the two hour phone call between the president and xi jinping notwithstanding the other night. i don't know how anyone could talk for two hours on the phone, an hour allowed for translation, but i'm just wondering, this is going to pour salt in the wound, right? if the chinese defiantly say we're not going to share it with you, it all started there, not helpful, right? >> it's true. i don't think biden's going to have the antagonistic relationship that trump did.
9:39 am
i've had many debates with people, and one of the things is it's very hard to trust the data coming out of china because they aren't as transparent. and i think that makes it really hard to rely on. also as an allocator, i have such an interesting conflict of interest because, you know, on the one hand, if china's gdp is growing at a faster rate or they have less debt or what have you, i have a fiduciary respondent to my clients to get them the best returns possible for their retirement. but on the other hand, you know, some clients don't even want to touch china. they don't care what's going on in china. so it's really hard because of all the conflicts and the cross-amalgamation between the investments and companies to really draw that line in the sand without having some unintended consequences, it's a challenge. but good data would help a lot. >> can i say two other things about china? one on a hopeful note, and that's that, you know, ultimately, a country is going to do as well as its ability to
9:40 am
innovate and create for the future. and i would just remind people out there that when it came time to finding a vaccine, the u.s. companies, western companies, open companies have created a wide range of them, and we're putting them into our arms right now. i don't see any vaccines coming out of china. that's a hopeful note for me for america's competitive position in the future. the other thing is this is a global game. right? so, you know, and i think biden's strategy is he wants partners in this global game, and he's going to be working to kind of reengage with europeans and other open democratic societies to kind of gang up against the chinese who have closed themselves offment. neil: yeah. a lot, you know, on the hook here. guys, thank you very, very much. you're looking at the white house right now. i do want to bring you up to developments we're getting out of the capitol where donald trump's lawyers are presenting
9:41 am
their counter-case to the house managers' case. i won't get into the weeds with you here. obviously, they're saying that the democrats went way too far here, and they're going to showcase -- speaking of video that was very effective at least on weighing at the emotional aspect of the raid on the capitol january 6th, plenty of examples where democrats were spurred on to violent acts by those in that same congress. we're monitoring that. we are hearing, too, that the republican lawyers -- even though they're allocated up to 16 hours, some of them are confident this could be done by tonight. that would be a stunning development here, because it could mean a vote on this, yea or nay to convict the president or not, perhaps as soon as this weekend. stay with us. ♪ might be. ♪ ♪ well have you tried thinkorswim? this is totally customizable, so you focus only on what you want.
9:42 am
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. ♪♪ 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. what day is it? these days it can be easy to lose track of things. did i feed you? but taking prescriptions shouldn't be one of them. cvs simpledose presorts your prescriptions into packets, so you know what to take when. delivered at no cost. is this clean? visit cvs.com. ♪ ♪ ♪
9:43 am
9:45 am
9:46 am
we're trying to get an idea of not only what the president of the united states is contemplating on dealing with stimulus, but who will play what role in crafting that and, down the road, going after big tech. don't forget that. that is still a very big issue. charlie gasparino with more on that. hey, charlie. >> hey, neil. lydia moynihan, my producer, picked up some of this speculation among democratic party, democrats on wall street who have, you know, firsthand knowledge of what the biden administration's going to be doing. and one of the things she's picked up is that biden plans to be considering new senior roles inside the white house to examine big tech. what lydia with's sources are saying is that biden could add additional positions in the white house, so these would be senior roles inside the white house. they obviously would not be cabinet positions, they wouldn't need confirmation, but they'd be people that can do stuff and that these positions will be there to monitor and make policy
9:47 am
involving tech. obviously, one big issue they're going to look at from what i understand and what lydia's hearing is the expansion of 5g, competing with china in 5g. they're also going to look at regulation. we did ask if this would have anything to do with the current investigation of google, would biden maybe roll it back. remember, it's an investigation started by the doj under the trump administration. it's an antitrust concerns. we hear, no, that's on a separate track, that's being handled by the justice department. there's a chinese wall, so to speak, between that investigation and this effort. but this effort is clearly aimed at having the white house much more involved in technology from a regulatory and a policy standpoint. obviously, underscoring the importance that big tech is, its growth, its intrusiveness in american life. we'll be hearing more. these are rudd ya's sources, i
9:48 am
can't tell you exactly who they are, but they are democrats who work on wall street in senior positions who do have access and relationships inside the biden white house. neil, back to you. neil: thank you, my friend, very, very much. charlie gasparino on that. we have a lot more coming up including what's been going on with oil right now. they kind of picked a fine time to close down pipelines and the like. have you seen what's been happening to oil and gas and natural gas, all that stuff? of after this. ♪ ♪
9:51 am
[ sigh ] not gonna happen. that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. ♪ ♪ the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this?
9:52 am
the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. call... to receive fifty percent off installation. and take advantage of our special offer of no payments for eighteen months. neil: all right, you're not imagining, prices are rising at the pump, also rising when it comes to traditional oil and what you've been seeing right now, certainly over just the last few weeks. phil flynn has sort of a preview of this as a coming attraction. thought he was crazy at first given the demand, but he's not crazy. he's here now. >> neil, it's not crazy. in fact, it's a nightmare, and that's what we're seeing in the oil and gasoline prices.
9:53 am
we're getting 13-month highs both on crude oil prices and gasoline prices. and oil maybe in just a few minutes could be testing $60 a barrel in the united states. that's a number that just a few months ago people thought we would never see again. oil inventories around the globe, neil, are december appearing. -- disappearing. all of a sudden we thought we had this oil glut a few years or months ago, it's disappearing. why? i'll tell you. two reasons, neil. one, u.s. energy producers have cut back in a big way. they're afraid to get started again because they're afraid the biden administration will shut them down. so they're not bringing back production as fast as they normally would. opec's been cutting back production, and global demand is actually back soaring in china and in india. we were already seeing oil demand at pre-covid-19 levels in china. last month if they imported --
9:54 am
just last month they imported more oil on a daily basis than the united states produces in a day. that's a problem, neil, and we're going to be paying for it at the pump very soon. neil: yeah. we've already seen the uptick, and i'm just wondering how far does this go. i mean, i think in more than half the states in this country they've seen about a 20 the % jump -- 20% jump in per-gallon prices. >> i think it could be more. neil: more if you're right. >> i think the highest prices we maybe have seen in years. i mean, or this is winter, neil. people aren't driving. just look outside. you know, people are at home, and we're seeing gasoline prices go up. in the summer with more vaccines, more people are going to travel, we could see the price of gasoline not only get to $3, but there could be a possibility that we could be talking $4 a gallon gasoline again. and part of that is because of the demand, but it's also
9:55 am
because of the administration's policies. we're hearing from washington right now the shutdown of the keystone pipeline, the possible threat against another, the north dakota access pipeline. producers are already reacting to these threats by the biden administration. they're already cutting production. they're producing are less because they're afraid if they shut town these pipelines, they'll -- down these pipelines, they'll be stuck with a lot of oil they can't sell. neil: wild. wild, wild. talk about timing, you make a pitch for getting off of fossil fuels, boy, be careful what you wish for, you'll get it faster than you think. phil, thank you very much, my friend v. a safe weekend. in the meantime, this ongoing trial targeting the former president of the united states for instigating an insurrection, donald trump's lawyers right now are arguing that he was not soliciting a riot or encouraging one or instigating one, that this was protected free speech
9:56 am
that was not new. in fact, they are primed to cite examples of where prominent democrats -- hillary clinton among them -- had said things that were far more incendiary in their opinion, their view. right now their trial. more after this. 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. ♪♪ ♪♪ ♪♪
9:59 am
mike shopped for the lowest mortgage rate and chose amerisave. a choice he'll never regret... ...unlike using perm plus, a shampoo which attracts cats. lots and lots of cats. visit amerisave.com now. lower mortgage rates mean higher savings. some say this is my greatest challenge ever. visit amerisave.com now. but i've seen centuries of this. with a companion that powers a digital world, traded with a touch. the gold standard, so to speak ;) ♪ ♪.
10:00 am
neil: top of the hour so much going on, i am neil cavuto and this is "coast to coast" on fox business. the markets are flat but like everybody is expecting up week in a row, new york city restaurants are still opening the first time in sometime right now with indoor dining is limited 25% capacity, better than nothing in the vaccine rollout continues in the administration by the end of the year to make sure 300 million vaccines are out, there is 600 million vaccines available and you need to to count as one. and the fact that were seen the likes of walgreens and cvs since those vaccines day one and currently they are moving along very well organized, also looking at new domestic travel
10:01 am
restrictions that could complicate the returns and whatever normalcy it is, we will get into that and in the meantime getting to all these other headlines that we've got going on right now, susan li with more on that. >> happy friday, nope pot smoking this time, elon musk joining rogan this time and is bullish on texas and austin. >> the biggest group town in the american scene in 50 years. >> i agree. >> mega boom. >> inadvertently re-create the issues that cause them to move in the first place. >> we know tesla is building a cyber truck and austin oracle moving their headquarters there, apple investing $1 billion in unicorn bubble is based in the city, technology moving to texas
10:02 am
and austin is a great thing but maybe not a monolithic singular ultraliberal group and probably doesn't want to see, and how about bitcoin going mainstream but imagine the future paying your taxes and bitcoin in the future and that's what miami's mayor, he wants to paste the employees with crypto currency and except city fees encrypted. >> the city of miami supports efforts to make bitcoin an acceptable currency for us to invest in the future, it is a wonderful to be a very crypto/in the city of miami and i want to think my commission colleagues for allowing that to happen. >> the stock of the day is the entered disney reporting 95 million plus subscribers at the end of last year over 21 million in the final three months of the year. now they're up in the guidance to 260 million disney+ subscribers from 2024. it took netflix nine years to
10:03 am
unmask 95 million, disney it took only 14 months. celebrating the youngest female self-made billionaire bubbles founder ceo whitney wilford werth wanted to have billion dollars and bumble stock is almost doubled up $43. leadership in female success in the fact that she bring the opening bell with her young child, that's a great example for the young female leaderships out there. neil: she is remarkable, what is odd were in a age where no one invested in female ceo but when it comes to public offerings it's been close to 600 over the last year, only three run by women, she stands out. as do you susan. thank you for the update. following all of that. in the meantime we are the president of the united states
10:04 am
pushing back, we don't know the components but he's trying to get ideas from a mix of governors and mayors and senators that this continued with some governors and mayors in particular, this was just an example of the kind of things he is pushing. [inaudible] >> making sure we give them enough to deal with the viruses in those states but equal consequential is they need to help the state economically. neil: that's an important distinction what do we do to help the states economically paraphrasing, what if republicans have been anxious about is a lot of the aid will be for old sins that predate the pandemic congressman joined us right now from ohio from the house ways and means committee, he is a surgeon by training, what's more you do not mess with this guy he was doing that combat duty in iraq.
10:05 am
i owe is the love asking tough questions when were on remote because in person i would never go that route. but it is very good to have you. thank you for joining us. neil: let's first of all get your take on where the president is going on the relief measure, entertaining all thoughts and ideas but obviously it's not smoke enters a incidental that is meeting with other, all of them could use some help but the wrap against many in your party criticizing the rescue state approach has nothing to do with rescuing them from pandemic related causes, are you in that camp? >> that's one of the things we really have to look at it this is the relief package for covid related entities, then let's talk about that. if you want to call it a bailout or making a bailout for people that did not run their cities well or their states will then say that but let's be honest about it, the problem is if
10:06 am
you're going to do that what are you changing so it doesn't happen again, where there's much to be considered in this, it does seem rather than focusing on what happened with tobin that there's a lot of extra entity that has been added to this and were sitting at a situation right now where the president package is 1.9 trillion, we have $1 trillion right now that have been appropriated and not used and we really should be looking at that. the other thing that were seen and i may be talking to a lot of people it's interesting and things will change as we go last year we had four bipartisan bills that we put out for covid relief what's happening today and what i saw on the ways and means committee yesterday and the day before we spent nine hours each day remotely going through a bill where the democrats offered no amendments and when we offered amendments they were all shot down on partisan lines. it seems like they're going to go ahead, they're using the tool
10:07 am
that they use for the affordable care act and that we use for tax relief so they do not have to have a larger majority in the senate to get this through and it seems like the cake is already baked but we will see i'm gladly talking to people, maybe that will be helpful. neil: he is also hearing from a lot of the progressives who have included 15-dollar federal minimum wage, i know how republicans by and large feel about that yourself included, i'm wondering if he could scare up democratic votes that we have, could that in peril the whole package if that's included? >> if it's a 15-dollar minimum wages included, main street talks about it, they know it's going to be a job killer for so many and i hope that it is not included the market always drives a good wage and we saw wages going up for covid and i think we should go in that
10:08 am
direction to increase people's wages where the economy is better rather than enforcing that. i believe that is something that they want to put in their but i hope it's not because -- again were trying to create jobs in history has shown when you increase the minimum wage especially substantially jobs are lost and we've also seen that with canceling keystone pipeline and why are we doing things like that when were trying to create jobs, get people back to work, what were about right now is getting kids back in school getting people back to work, getting people vaccinated. i tell you in that regard i had a call with my local hospitals and they have seen the numbers since vaccination has started, they see the average daily numbers of covid patients in the hospital go from 800 today to below 400, it is working let's go in that direction and let's focus on what we can do to get our economy back. neil: congressman great to see you, ways and means committee, surgeon, much, much more.
10:09 am
i want to go to my buddy kennedy 8:00 p.m. monday through thursday, jackie deangelis with us as well. kennedy i begin with you, it is interesting hearing the congressman that they are prepared that this whole package is going to be big and pricey in my include a 15-dollar minimum wage and they obviously weighed the risk around those the president of including that but they're confident even if included this thing would pass. do you think with a 15-dollar minimum wage that has nothing to do with the pandemic for the time being that that would still pass without? i can't think a couple of democrats would peel off their support, what do you think? >> they absolutely would, we talked about this on my show, joe manchin cannot in good conscience force people in west virginia where wages in the
10:10 am
hourly wages are different in places like massachusetts or california or new york, you cannot impose that on the small businesses is simply cannot afford it and the only choice that they have this has nothing to do with politics this is simple cause and effect this is basic economics if you force people to raise the minimum wage and then they will fire people and use fewer workers, they will go to automation and they will raise prices, when you raise prices across the board, who does that hurt people who don't make a lot of money to begin with. those people who have barriers to entry to enter into the labor force are now being forced to pay more for stuff that they could not afford in the first place. it's not only irrational, it's immoral. neil: timing is everything, even if your for this, a lot of people -- now got the time to do
10:11 am
it when some businesses, look at new york city restaurants are crawling back to limited, we open indoor dining they're not in a great role of string, it's the timing part that could be a problem. >> absolutely you bring up new york city that's a perfect example so many of these restaurants can open at 75% capacity but they don't know how long that will last that's been such a tough go so many ups and somebody downs and were not even close to the end of what could potentially be what we call this pandemic right now i think there's a lot of folks saying this bill as it goes through congress should be passed for things that people need right now immediately the minimum wage issue is something that can be tackled later, to kennedy's point different parts of the country small businesses in more rural areas cannot afford to pay these wages and the cost of living in those areas is not as high so the workers don't necessarily need them and i been
10:12 am
trying to keep my ear to the ground of maybe fighting a compromise that they did not include in this bill for example what they did not have to double from 720 entered $7.25 and that might've been a better approach but of course nancy pelosi just wants to bulldoze this through and as kennedy pointed out she might have a hard time doing that. neil: you know what is weird when you look at it seems like the markets are not too worried about this in the weird world where deficits and debt don't matter they're all for the bigger the stimulus the better the stimulus, go big, nevermind we've yet to spend a trillion dollars from the old rescue packages, add another 2 trillion and that seems to be where the market is siding, why is that? >> because democrats empower this was the flirtation with a trump administration there will
10:13 am
be a lot of infrastructure spending. also with the fed keeping interest rates unnaturally low, the markets are a bubble machine and that's what they're doing and people are looking for ways to make money it's been really fascinating because we've only seen the market go up and up and up even with the new administration which is going to mean bigger government and higher taxes ultimately and that is not following past logic. maybe it's already in chat rooms. neil: i wonder jacqui, it is all there and that means would the street selloff on a package that does not get past and that all all of a sudden they don't get the big stimulus. >> that's a great point the market is betting on the fact that we will see more stimulus and wants to see us and it needs to see it, if it doesn't pass what will market participants to
10:14 am
interest rates are close to 0 we have still printed so much money and dispersed so much money because of the pandemic even without the 1.9 trillion that the environment is inflationary prices are going up remember when the fed looks at the 2% target it doesn't take into account food and gas those of the two most expensive thing you talk to phil flynn about the price at the pump continuing to go up because abiding the administration policies but it's also because of the inflationary environment and low interest rates and when you have the rates you also see the dollar we can as well. that supports oil. you are seeing the bubble go up, up, up. i think the market is assuming they're priced in that it they will get the package pastor one way or another with some compromise but i don't know how much if you'll see a crash for example if they don't. neil: final word, i want to thank you jacqui, great seeing you kennedy, i want to go to
10:15 am
arkansas governor talking to reporters in that meeting with the governors and mayors the republican and democrats alike, let's listen a little longer. >> arkansas we have a balanced budget, we have a surplus non-same position of other states. it is more important that we have the flexibility in the funds that, our direction i assure him if we have covered relief package we would have flexibly because we can put it into a broadband high-speed internet that helps our schools, we talked about k-12 schools and in arkansas we've been open all year long and that's one of the major goals the president i applaud him for that but i assure him we have probably 70% next recover public school teachers that have had the opportunity to be vaccinated so were open and operating and we think it's a good model for the nation we have a lot more work
10:16 am
to do but were very committed for the governors part and to get the vaccine out and were doing that as quickly as possible. >> how would you compare this to the previous and working with this pandemic, are you more satisfied or less. >> there is an equal level of commitment and i am speaking from vice president pence and the coronavirus task force and the trump administration to the biden administration professionals working hard every day realizing that getting the vaccines out to save lives in the cooperation of the states and the role that the states have. it is a full commitment and i've said there's been a transition about the complement to both that the handoff has been well, there is obviously increased capacity among our vaccine manufacturers which is great
10:17 am
news that is going to continue to accelerate and i think there is going to be a good partnership with the states have a good investment in our infrastructure to distribute vaccines, we want to continue to utilize the infrastructure and not simply have that duplicated, those are part of the ongoing discussions and partnerships. >> the incoming infrastructure bill can you talk about both in is that the rescue of 1.9 trillion. >> primarily the rescue bill and it was brought up in the next opportunity for a bipartisanship should be in infrastructure bill that allows us to compete with china which was part of the conversation and if we invest in that, i mentioned to the president that the last time we had a balanced budget in our
10:18 am
nation and i was in the congress of the united states. >> a part of that was if we have a new infrastructure we will have to figure out ways to pay for, we just can't entrée get. >> does indicate to you with state and local, doesn't seemed like it will shrink to the 450 billion. >> i will let him comment on that he submitted his plan with specific figure $350 billion i think. >> you think it was probably lower. >> he did not waver for that, i did urge him that the cause of the needs of the states that compromise is appropriate, that is too high, $1.6 trillion, $1.9 trillion, that is too high and needs to be lower and compromised so we can bring bipartisan support.
10:19 am
>> did you say you have a surplus, a budget surplus, you probably have to have a balanced budget. >> we have to have a balance but we have a surplus. >> how much do you think your state has been hurt with lost revenue because of the pandemic. >> we lowered our budget 5% because of the pandemic and we recovered from that because we capture businesses operating we are in 4.2% unemployment rate until our economy is moving and we are creating jobs and we have a surplus right now. >> have you been in conversation with republican senators. >> i shared the same message that 1.9 trillion is too high we need to compromise on that and that is very -- the governors that we have different views on that, we need support but i think compromise brings in bipartisan support. >> is seems very likely president biden will have the
10:20 am
republican support i hear you compromise of bringing that back down. [inaudible question] >> he wanted past i agree with the urgency of it but the urgency cannot be accomplished with compromise i think it has set the precedent for the future to run that through on a partisan vote, i urge bipartisanship. neil: you been listening to republican arkansas governor aisha hudson, and new york's andrew cuomo talking about money for states, talking about stimulus and talking about in the case of the governor not going too far. but congress is being made maybe not necessarily on the stimulus front but america beginning to reopen up particular in new york city where restaurants are
10:21 am
allowed indoor dining that has been stopped for months they are slowly bringing about 25% capacity, some of the restaurants are small but sometimes my staff is able to get a restaurant on and i instantly recognize and i know the next restaurant the owner and what pasta they make, small or not the fact that it is open that is good news. so is the owner. ♪ student loans don't have to take over for the rest of your life. with sofi it's possible to get them paid off and start new. ♪♪ with sofi it's possible to get them paid off and start new. (sam) gamers! he who is good for making excuses
10:22 am
is seldom good for anything else. take fuzzywuzzy28. blamin' losses on a laggy network. only one or two. verizon 5g ultra wideband is here, the fastest 5g in the world, with ultra... low... lag! stop blaming the network and start becoming the best gamers in the ga-- that escalated quickly. (sam) 5g ultra wideband, now in parts of many cities. this is 5g built right. only from verizon. my body is truly powerful.
10:23 am
i have the power to lower my a1c. because my body can still make its own insulin. and trulicity activates my body to release it, lowering my blood sugar from the first dose. once-weekly trulicity responds when my body needs it, 24/7. trulicity is for type 2 diabetes. it's not insulin. it isn't for people with type 1 diabetes. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, changes in vision, or diabetic retinopathy. serious side effects may include pancreatitis. taking trulicity with sulfonylurea or insulin raises low blood sugar risk. side effects include indigestion, fatigue, belly pain, decreased appetite, nausea, diarrhea, and vomiting which can lead to dehydration and may worsen kidney problems. i have it within me to lower my a1c. ask your doctor about trulicity.
10:24 am
when you switch to xfinity mobile, you're choosing to get connected to the most reliable network nationwide, now with 5g included. discover how to save up to $300 a year with shared data starting at $15 a month, or get the lowest price for one line of unlimited. come into your local xfinity store to make the most of your mobile experience. you can shop the latest phones, bring your own device, or trade in for extra savings. stop in or book an appointment to shop safely with peace of mind at your local xfinity store.
10:25 am
neil: indoor dining is back in the big apple for a lot of restaurants it could come a moment too soon they have been hanging on by a vine for months but at least there back open. in new york my staff knows this and may know it too well. this might surprise you but i love restaurants and they go to a good deal of them in new york even though fox is located in midtown manhattan some of the best or downtown and the soho area that is south of houston street this is a premier one the pasta bar soho and the owner is with us. it was very good to have you i
10:26 am
am quite a fan of the spaghetti but don't get me started i am just very happy to hear you are open, you don't have a lot of room, 25% capacity is still tight but it's better than nothing, right? >> yes, absolutely. thank you so much for having me today and as you say i'm really excited, although my team we are really excited with indoor dining coming back tonight as you say 25% capacity is something, something is better than nothing. were really excited, i think it's representing the first step to real life normalizing, honestly i think everybody, everyone has a question during this pandemic but how are industry the restaurant industry and business is getting at.
10:27 am
so i think it is good. neil: i'm reminded it's a tight fit in that restaurant, normally when i sit down in their i tried to ask can you all leave so i can fit. but they stay and we all get along and it's delicious food, at the 25% limit, how many can defend that restaurant. >> in my restaurant 25% capacity means about 16 - 17 seats inside i think we can reach allowed capacity because a lot of people they don't like to go out and have a dinner outdoors, we can
10:28 am
reach in this case in the customer base. and with 16, 17, 18 people more we can switch sales and bring in more sales, more people, more tables and bringing in more sales and more income every day. neil: i am sure you are booked as soon as people heard indoor dining was returning those tables started booking fast, how do you like going into the weekend and for valentine's day. >> as soon as the indoor dining coming back we have people calling to move the table inside, this coming week especially because sunday is
10:29 am
valentine's day and were full fully booked for this coming week. neil: that is amazing, i love you restaurant it might strike you as stunning that i would know about it but i do, i am hoping you would be a huge guy and you look very fit, outside of that i wish you well, thank you very much my friend, i hope the business thrives. the pasta is to die for. i am half irish but the half i tell you part wins every time. stick with us. but one day, you're gonna take a hit you didn't see coming. and it won't matter what hit you. what matters is you're down.
10:30 am
10:31 am
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. the four way, as a restaurant, meant so much to this neighborhood and we wanted to continue that. to have a place where you have dignity and belong, that's the legacy of the four way. ♪
10:33 am
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! he. neil: get the vaccine out and get it all in a hurry walgreens, cvs a host of others are intervening to make sure that
10:34 am
happens in the coronation with state and local officials in the case of chicago the urban league that is progress and jeff flock in the middle of this, how is it going, what you seen. >> i'm on the south side of chicago outside of walgreens one of the locations where you can get the vaccination as part of a group that is supposed to get it but one of the things that we are getting help on from the likes of uber as the vaccination providers is help with communities that have almost been lost on this particular communities of color and more disadvantaged poor communities take a look at numbers, the associated press has been working on analyzing who is getting the vaccine, different acne groups and that, look at north carolina it nears the u.s., even the black population in north carolina is 22% only 11% of the vaccinations have been african-americans, whites
10:35 am
68 population, 82% vaccinated uber is offering 10 million free rides to folks disadvantaged communities to come to the walgreens or the rite aid or cvs to get there vaccination. there partnering in chicago with the urban league and they say this is really needed. >> we understand the devastation that the pandemic has caused in our community, the impact in terms of the incidence of the disease but also deaths from the disease and the fact that the higher incident and higher death rate there is a need to accelerate the vaccine in the community. >> it seems that that is needed
10:36 am
so as we said uber has stepped up on this because you may not have a smart phone so you can get an app and book an appointment and you may not have the ability to get somewhere, this is all going to help i think. neil: is a dumb question but obviously you have to have -- you cannot just walk in so you have to reserve that spot, how does it work there? >> you have to go online and book an appointment and a lot of people in some communities don't necessarily have a computer or smart phone that enables them to do that so that's why the urban league is involved and also there is some vaccination hesitance in some communities that maybe have felt abused by the medical and government before in some way so that needs to be fought as well. neil: thank you jeff, what i love about you you never forget
10:37 am
the people and sometimes a general media would bypass and covering the story. you make sure this doesn't happen. jeff flock my buddy in chicago. in the meantime i want to get to ashley webster young jackie deangelis in case you have not heard spirit airlines is hiring pilots and crews in hopes of recovery and nevermind they will be proposed domestic travel restrictions may have requirements that you have to test negative for the virus getting on but spirit among the first to say rather than cutting back we are preparing for this wave, those restrictions could torpedo all of our. >> they certainly could and i think the white house is backing off because those states that thought they would be targeted ford in particular has reacted with a lot of anger governor ron desantis saying it's unwise, it's unjust and unconstitutional
10:38 am
it is purely political revenge because you don't like the policy that we have in florida that were more open as opposed to the more restrictive states like new york and california, yes the white house saying we will listen, we are not doing this were just kicking things around there is no plan right now to impose travel restrictions domestically but i think it's very clear if they took that step i think they will have a big fight on their hands and be for the airlines is just another nail in the coffin trying to get up and running, if you start preventing travel, i don't know how that would happen what he gonna do put national guard troops around the state border very difficult thing to do and probably not the right thing to do. neil: i'm also thinking about the number of airlines that are not rushing to fill the middle seat i think middle seat empty for now, they obviously don't want to do anything that risks putting a crimp on this recovery they are hoping for.
10:39 am
>> i think spirit is one of the only airlines i would say is ramping up in this way american announced last week it will be a rough summer recovery is not happening as fast as we thought it was we will have to lay off more people that can be 13000 more people it's a balance of how airlines are handling and summer taken the middle ground saying let's socially distant on the plane and leave the middle seat open but is wittily interesting is the policy that the white house is kicking around is an issue that actually brings up what we do police people leaving state lines you're making them potentially take a covid test before they get on the airplane were talking about policing our own states for americans that live here that have the liberty to travel and at the same time the administration rather is loosening policies down at the border and that is something people are up in arms and, were allowing illegal immigrants into the country and loosening up the restrictions on that were not
10:40 am
covid testing them and telling them they cannot go to certain states were trying to do it to her own people. neil: good point, hopefully everyone gets a sense of the big picture. ashley and jacqui think you both very much. here is another sign you hear about people with the retail spending highest we seen in 12 years, a lot of this going into things you might not think it would go into like snowmobiles. grady trimble knows all about it. >> frigid temperatures and because of the as you said the industry is booming.
10:41 am
the lexus es, now available with all-wheel drive. this rain is bananas. lease the 2021 es 250 all-wheel drive for $349 a month for thirty six months. experience amazing at your lexus dealer. at t-mobile, we have a plan built just for customers 55 and up. saving 50% vs. other carriers for $349 a month for thirty six months. with 2 unlimited lines for less than $30 each. call 1-800-t-mobile or go to t-mobile.com/55. the holidays weren't exactly smooth sledding this year, eh santa? no, but we came through smelling of mistletoe. the now platform lets us identify problems before they became problems. if only it could identify where my ball went. this you? hmm... no, mine had green lights. whatever your business is facing. let's workflow it. maybe i should workflow my swing... servicenow.
10:42 am
do you have a life insurance policy you no longer need? now you can sell your policy, even a term policy, for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized that we needed a way to supplement our income. our friends sold their policy to help pay for their medical bills and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direct. they explained life insurance is a valuable asset that can be sold. we learned that we can sell all of our policy or keep part of it with no future payments, who knew? we sold our policy. now we can relax and enjoy our retirement as we had planned. if you have one hundred thousand dollars or more of life insurance you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit conventrydirect.com to find out if you policy qualifies. or call the number on your screen. coventry direct, redefining insurance.
10:43 am
10:45 am
york news of an alleged cover-up by the cuomo administration in regards in the nursing home deaths on covid-19 is causing a huge uproar today in fact some are calling it a betrayal of public trust others are saying it's time to uncover the full truth and here's what cuomo had to say last month. >> if you think there was a mistake then go talk to the federal government. it's not about pointing fingers of blame, this became a political football, who cares, 33, 28 died in the hospital, died in the nursing home, they died. >> last night the new york post reported the secretary to the governor melissa allegedly admitted the cuomo administration has been withholding the true number of deaths and nursing homes due to covid-19 in a video conference call with state democratic
10:46 am
leaders according to the most recent numbers released by the state more than 15000 people died in nursing homes which is over 6000 more deaths than previously released by the state prior to the january attorney general report and reportedly telling lawmakers one reason they kept the larger numbers under wrap was because she claimed president donald trump was turning the issue into a political football state republicans have renewed their call for an investigation and asking for cuomo's resignation. in an attempt to clarify her remarks today she issued a statement on twitter saying i was explaining when we receive the d.o.j. inquiry we needed to temporarily set aside the legislature's request to deal with the federal request first, governor cuomo is meeting with president trump in washington, d.c. today we will have more on the developing story right here on fox business.
10:47 am
10:50 am
10:51 am
have been through the pandemic i guess coming out as well, what is the latest. >> it's not just people in the southern states or california who want to get outside and enjoy the outdoors it's midwesterners like this gang of snowmobilers as with me as well, snowmobile sales have skyrocketed the season it's a sport you could do in the winter and while social distancing and if you have the right close it's not too bad even if it's a degrees like it is in wisconsin. find more of these is helping the local businesses in the small town that we visited when we ride for hours and hours and hours. >> we patronize local businesses as a snowmobile group as a
10:52 am
whole. local businesses count on us especially during these times of covid where they were shut down for part of the year now they're gaining back the revenue they have lost. that is quite nice to see. >> there's a restaurant up the road where we will grab lunch today the snowmobile association said the sport brings in $1 billion into the state of wisconsin through the trickle-down effect in these vehicles are up about 15% year-over-year, seals are also up and all the stuff that you have to wear to stay warm because it is cold out here. a lot of businesses say a lot of people like to complain about the snow and we had a lot in the midwest, they love it. neil: i can see why, thank you very much, another sign that
10:53 am
consumer spending holding on very well and the numbers were getting this can be a record year we are seeing that goes against the grain or the conventional wisdom, pink capital senior wealth advisor, courtney great to have you i want to touch on what grady was touching on the tension to spend a lot, snowmobiles, they do not come cheap that's a sign that we saw through the pandemic and now coming out of the pandemic. what is going on? >> the more that we see consumers going on spending the better will be continuing recovery and is especially we get additional stimulus that may happen again and a lot of that is going into spending if you look at consumer spending when the last stimulus came through more people are going out and using that to put back in the economy and especially they were talking about putting that into small businesses i love the idea some of those hurting the most i great thing for the general
10:54 am
economy. neil: you're talking about some of the numbers that are surprising folks if this continues, people are for or against it could be a hot political potato, that will induce it more. >> that's exactly right if you look at the data every time the stimulus happens were seen consumer spending go up and what consumers did at the beginning of the pandemic when this started they did a good job of saving money and using that money to pay down debt so they're in a better position as we go forward and as we see and employment numbers come down and additional stimulus comes in people spending more money that will lead to the trickle-down effect and improve businesses which will increase earnings and company bottom line and that's exactly what we want to see. neil: knowing you were coming always curious to get your take on the bitcoin craze with tesla buying 1 billion to allow folks to buy cars with it, the host of
10:55 am
other potential banks down the road maybe even apple, what is going on because the selloff notwithstanding this is still a nearly $50000 investment. >> bitcoin has been a tough one because up until recently the tesla news you cannot exchange it for the value of something else it doesn't pay you any dividends, somebody also pay a higher price at the new in the future, as we see comedies like tesla coming out saying they will accept things like bitcoin that does start to make it a little more valuable and again, is still very volatile and speculative than i prefer but i think that trend might be happening as we see more companies coming on saying things like that. neil: ray to see you, great entropy capital wealth advisor health economic and market related. the dow is down about 46 points, even with that down were looking
10:56 am
10:57 am
cvs simpledose presorts your prescriptions into packets by time of day, so you know what to take when. and delivered at no cost. no. learn more at cvs.com. that's healthier made easier. i'm a performer. learn more at cvs.com. always have been. and always will be. never letting anything get in my way. not the doubts, distractions, or voice in my head. and certainly not arthritis. voltaren provides powerful arthritis pain relief to help me keep moving. and it can help you too. feel the joy of movement with voltaren.
10:59 am
11:00 am
have 16 hours to make it but were understanding they will take nearly that time they could ramp up their arguments tonight and there is a distinct possibility that they vote on whether to convict the former president of the united states is weakened. that is fast we see if they will hold to that. let's go to charles painted ticket to the next hour. charles: thank you very much, have a great weekend and have a great afternoon. this is charles payne and taking money, the emotional stages of the market this year has been really telling and this week it feels like investors are different there is extreme optimism some might say too much optimism in every day there is big money that has been made somewhere in the pocket of this market we will have market pros where they see the assessed opportunities right now. at last were hearing from the cdc on plans to reopen our nation's schools will they follow the science or continue to follow politics we will bring you the announcement as soon as
34 Views
IN COLLECTIONS
FOX BusinessUploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=1492082385)