tv After the Bell FOX Business February 12, 2021 4:00pm-5:00pm EST
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mclean, we've got the fireworks because it is record for the dow , s&p and nasdac powering to new closing highs that'll do it for the ""claman countdown"" guys it's the weekend have a good one, i'll see you monday. connell: well after a record setting week on wall street and this is a very strong finish to it here in the last few minutes as stocks add to their records, on stimulus hopes and vaccine opt optimism but also this afternoon the cdc is showing a roadmap they say will be in place to safely reopen school, get children back in the classroom around the country but first the numbers at the close as we close around the highs, the dow looked like it was touch and go and would set a record it needed a seven point gain up 28, so that was a nice finish the s&p 500, the nasdac just needed to be up to be in record territory and they're both up, the s&p by 18.5 points the nasdac by half a percent nearly 70 point gain, second straight record for both,
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the s&p 500 did hit an all-time high, and they are in the final, the dow, the s&p, and the nasdac all in the green, and it was a strong week and they're all up for the second week in a row the dow up 1%, nasdac up 1.25%. in addition to stocks just a quick note on the interest rates the 10 year treasury yield at its highest level now in almost a year so you got all those stimulus expectations, a lot of spending is on the way, may not seem like much but its been a while since we've been at nearly 121 on your 10 year note so welcome to the show everybody i'm connell mcshane on "after the bell" good to have you with us an it's time for the news that is happening at this hour. we have our fox business team coverage with blake burman cover ing the white house, also have hillary vaughn standing by on capitol hill, ashley webster is in florida so blake, let's start with you on this news breaking getting the children back-to-school. what's the latest there? reporter: there is not a mandate
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, connell, from the cdc to recope schools they say they can't do that and rather what they provided to was guidance and a roadmap as to how schools could potentially reopen safely here in the future. it's not one-size-fits-all either, for example, four different color codes as to how school districts and communities can operate, based on what the transmission rate of covid-19 looks like within those communities; however these are the main guiding principles going forward, according to the cdc. for example, they say that there should be connell: use of wearing masks, physical distancing and hand washing along with focusing on cleaning and maintaining healthy facilit ies and contact tracing. the cdc also recommending the use of pods, meaning student s staying together in groups when they're at school and using large spaces within schools, staggering schedules, updating hvac systems if possible and vaccinating teacher s once supply allows. here was the cdc head earlier today when asked what exactly it
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means to safely reopen schools. listen. >> um, she said, and i'll quote , what we are finding from science-based literature is that there's more spread that is happening in the community when schools are open, and not open, basically she was saying they need to keep the schools open, a little bit of technical difficulties here, connell but in any event the cdc is also saying that they recommend that within communities, that they prioritize reopening schools instead of non-essential businesses and activities so clearly here a focus the cdc believes of getting children back into schools once that is safe to do so. connell? connell: right, but not a mandate as you said but i guess the main point or takeaway is if you're going to close something make the school the last thing you'll close and try to keep them open at least blake thank you, alberto carvall
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o joins us as the superintendent of schools in miami-dade county, so before we talk about you guys in florida you're already open and up and running what is your reaction to the cdc guidelines in terms of what came out today? >> well good afternoon, connell , thank you so much for the opportunity. my reaction is less of a surprise of new information, it's more of a validation of practices, protocols, mitigation strategies, and theory of action that we have been following since october 5 before we opened 100% of our schools to our parents on the basis of choice, back on october 5, so the information released today beings which follows common sense, and it's a reaffirmation of research-based strategies such as social distancing, obviously the wearing of masks, shaniization of buildings, the cohorting of students and effective quarantining as well as contact tracing processes those are all strateg ies we've been following for a number of months now so it's a validation of what we've been doing all along.
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connell: let's talk about that a little bit. it's a large school district in miami-dade, in florida, and it is the largest, i believe, in the country to reopen fully in the fall as you talked about there. i don't think, most of the big school districts around the country did not come back 100% so what have you learned? what's been working and is there anything you would have or had to change along the way to make any adjustments? >> look, number one i think its been working not without a challenge, we have been very successful in informing our community that for us, the reopening of schools is both a moral as well as professional imperative we recognize early on , and the impacts on students as a result of social isolation. we recognized since last year that the academic regression, the learning loss, be terrible for our students, so our school board, our administration was clear about prioritizing the reopening of schools in a safe and sound way, by following the very same guidelines, protocols and strategies that
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today are being recommended by the cdc. there is one thing that i think is quite relevant in today's release by the cdc which is the priorization of vaccination for teachers and first contact educational personnel that is embedded in the recommendations today and i think we ought to pay close attention to that. two weeks ago as a result of national and international research, we learned something that we already knew. schools are not and have never been super-spreaders. secondly, there is no evidence tied to the fact that the community spreading of coronavirus begins at the school house. why? because we manage controlled environments so it is the right place for children to be, from an academic, social, emotional and mental perspective. connell: right, they're not mandating the vaccinations for the teachers but a lot of areas around the country where you can move up in the line and that seems to have fairly widespread support. as a final question, alberto,
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i'm curious we focus on the economy so much here. you talked about regression of learning for certain students. any sense of what the economic impact might be or whether there will be one for students who weren't able to learn in- person for what has now been an extended period of time? >> well connell quite frankly, that will be a test of how effective we are in addressing the academic regression these kids have suffered. i know as a full fact, as a career educator of 30 years, that if you do not graduate on time or at all, your lifetime earnings potential is significantly decreased. i also know that if a kid does not master proficiency by third grade, his or her chances of graduating on time are severely impacted and the life long economic benefit potential to that student is compromised, so this is the crisis of our lifetime and i think no expense should be spared in terms of catching these kids up and that's exactly what we're doing
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in miami-dade. we brought kids back to the schoolhouse because we felt it was the very best place. in addition to that we are now accelerating every single student with interventions, with additional time on task, with saturday school, with a year- around schooling possibility during the summer, to eliminate the academic regressions that they have suffered for two reasons. it is the right thing to do and our local and national economy will be depending one connell: all right, alberto, thank you for coming on again, important day to have your choice, the superintendent of schools there in miami-dade in florida and speaking of florida the red and blue states facing something of a double standard as florida is responding now to reports of new possible restrictions. so let's go to ashley webster for more on that story. ashley: far more restrictions connell suggestions of any type of travel ban to try and stop the spread of covid and its variance has been met with anger and outrage, especially from one of those states that could be targeted, indeed, florida.
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state's governor ron desantis expressed his outrage calling it unwise, unjust, and unconstitutional and also says the white house just doesn't like florida's open policy. take a listen. >> any attempt to restrict or lockdown florida by the federal government be an attack on our state, done purely for political purposes. ashley: well florida currently has the highest number of cases, of the so-called uk variant. it accounts for up to about 15% of new cases across the state, and because it's more contagious , health experts worry that variant could accelerate the spread of the disease, but white house press secretary january psaki was non-clinical when asked about a potential domestic travel ban. take a listen. >> we are always considering what steps are necessary to keep the american people safe, but we
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are not currently in the process of being made around additional public health measures that would delay or would change, i should say, domestic travel considerations. ashley: all right, but, florida 's senator cotton marco rubio reacted angry and even the suggestion over the travel ban telling tucker carlson that democrats were outraged after donald trump issued a travel ban on china but are now considering themselves the ban inside the u.s.. here is what he had to say. >> if you arrive at the u.s. southern border with a child you'll be allowed entry into the country and allowed to stay here pending an asylum trial trial that you may never show up for but they are going to put some form of restriction in your way it's clearly unconstitutional. ashley: well a white house spokesperson denying that travel ban report saying just potential
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travel recommendations are being discussed and no particular state, says the white house, are being targeted but let's be honest, florida certainly is letting the white house know what it thinks about that issue. connell? connell: certainly sounds like it, interesting stuff, ashley, thank you. ashley webster there. going it alone, the house republicans. none too pleased to see the democrats pushing the $1.9 trillion covid relief bill through committee without the chance for amend ams and for the very latest on this process, hillary vaughn is on capitol hill for us. hillary? reporter: hi, connell, well republicans in congress are complaining they are being left out and left behind as the white house goes ahead with a plan to pass their relief package through the budget reconciliation process without gop support and while leaders in these house committees are also rejecting republican requests to try to amend the package. >> a majority struck down every single one, every single one and
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that's disappointing. i've even heard things yesterday like, "this is a good idea in theory" and"i support the premise of this amendment." well then what are we waiting for? >> president biden wants to do things on a bipartisan basis, but has to bail on that to get his relief package through which is irking psaki some republican governors that met with him at the white house today to discuss the package. >> i agree with the urgency of it but the urgency can be accomplished as quickly with compromise. i think it sets a full precedent for the future to ram that through. reporter: but because they are ramming it through reconciliation republican input is getting sidelined. the chairman of the house energy and commerce committee explained in his markup hearing he may not disagree with every gop amendment but he has to reject them because otherwise, the
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larger package cannot be passed using the reconciliation rule. >> if we adopt the burgess amendment then we're going to violate the section of the budget about which prohibits provisions like this that would result in an increase in spending in the overall bill, and thereby cause the bill to lose reconciliation protection. >> so some of the amendments republicans in the house ways and means committee tried to pass include allowing states to use unemployment funds to offer back to work bonuses, making the 2017 change that doubled the child tax credit permanent and also, giving an additional stimulus check to anyone put out of work through president biden 's executive orders, or potentially the $15 minimum wage hike that house speaker nancy pelosi says will be included in the version they send to the senate. connell? connell: yeah, looks like it'll be in there, hillary thanks, hillary vaughn on the hill for
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us today now targeting pharmacies the latest warning from cybersecurity experts that could put vaccine distribution at risk so we'll have that coming up, next, plus, the super bowl racing live today from daytona beach ahead of nascar's huge event and a rise of a booming industry, talking about snowmobiles and we'll take one on a ride later on this hour. that should be fun. stick around, we'll be back. wh. (money manager) because our way works great for us! (judith) but not for your clients. that's why we're a fiduciary, obligated to put clients first. (money manager) so, what do you provide? cookie cutter portfolios? (judith) nope, we tailor portfolios to our client's needs. (money manager) but you do sell investments that earn you high commissions, right? (judith) we don't have those. (money manager) so what's in it for you? (judith) our fees are structured so we do better when our clients do better. at fisher investments we're clearly different.
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connell: expanding vaccinations, the major pharmacy chains across the country, walgreens, cvs they are now eligible to administer the covid-19 vaccine and jeff flock is live at one of the retail pharmacies in chicago with the details for us today. jeff? reporter: able to do it, connell but in communities like the one i'm standing in this is on the south side of chicago, roll out has been slow, slow particularly to get to people of color. the associated press has been targeting this across the country, one example but they say it represents the u.s. , north carolina where you got 22% of the population being african americans but only 11% of that population that's
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been vaccinated as african americans, and white 68% of the population in north carolina and 82% vaccinated that's why the chicago urban league here as well as uber is teaming up, uber is offering 10 million free rides to folks who need it to get a vaccination. karen freeman wilson is the president of the chicago urban league. >> we want to see the vaccine get into the black community, to black patients, to black people, but more importantly, we understand the devastation that the pandemic has caused in our community. reporter: another way, perhaps, connell, that the pandemic has kind of, you know, separated the haves and the have-nots and the have-nots even on the shorter end of the stick but they're working on it, connell? connell: all right, jeff. warmup out there next time you
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go to walgreens maybe they let you come inside or something with all the work you do out in chicago. >> it's a heat wave out here, it's 10 degrees. connell: yeah, looks like a good jacket at least now while these pharmacies gear up to distribute the vaccines they are also kind of preparing for something else, bots and bot attacks the cybersecurity threat that would have the potential to maybe disrupt the vaccine distribution process by hacking into the pharmacies online system so let's bring morgan wri ght in on this , chief security advisor. i'm seeing some people in your field, morgan, talking about this cybersecurity experts saying to look out for , that the distribution system could be hacked. is it a real concern? >> you know, connell, i think it is because we saw attacks against covid research. we know people have been looking for information on that, and we saw what happened over christmas , where they attacked, you know, what they did is they used these bots to capture all of the sony playstations, all of
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the other xboxs as a way then to resell those at a higher profit. what you're seeing is this same type of approach and they are called scout bots just like out scalp tickets, these scalp bots go out and they are perfectly legal. that's another shocker, perfectly legal to go out and run these bots against these websites to snatch something, in this case, with cvs, walgreens, other places it's appointment times, so if they snatch them, these organizations just don't do it just for disruption. there's going to be a monetary incentive behind it somewhere we just haven't seen but yet they are running these operations to prevent people from getting these pointments which keeps them from getting the vaccine. connell: i was wondering what the their motivation be and that is interesting, because so the place station example, over the holidays it was almost impossible to get this ps-5 and as you say a lot of people think well the bots are coming in buying them up but in this case they are just making an appointment for a vaccine, you know, that's obviously going to disrupt people's lives already hard einto if to get
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these appointments but i thought it was just to make us crazy to make things more chaotic but you think maybe there's more to it? what would they want? >> you know, these criminals they are capitolists at heart, i hate to say it and when china ran an operation it's for intelligence, for espionage, but these criminal organizations , ransomware, other people who do this , there is always some kind of a financial incentive for them. i mean one possibility could be is hey, we saw that you tried to get an appointment. we have a service that will book you an appointment for $50, for $100. we will guarantee you a slot because they hold 100 slots and now they sell them back to these people so look it may not be apparent now but at some point it will be a financial incentive for why these folks are disrupting the appointment chain connell: yeah, a lot of this is speculative but good things, somebody just watch out for that kind of stuff and you could be the victim of a scam if it ever came to that. the pharmacies you think they are more vulnerable?
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cvs says we have systems to thw art this. are they more vulnerable than the government systems? is that the fear? >> everybody says they do everything to defend this. i've seen this movie we know how it ends. we've seen this across across-the-board, as much as you say we're defending against it, somebody will find a way in and something will happen. we hope it's not extensive and good for cvs if they are taking proactive steps to make it difficult and recognizing this bot activity for what it is and preventing them from doing it but unfortunately, what we've seen happen with the sunburst, the solar winds and microsoft things just recently, every system is vulnerable. it didn't matter who you are, everybody if they want to target you will end up most likely getting breached. connell: all right as if we don't have enough to worry about hopefully this doesn't turn into a huge problem. >> i wish i could have brought you sunshine. connell: yeah, i know. i know it's always something with these cybersecurity concerns, never really sunny.
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by the way, we have a hockey note for everybody now. they've had issues. at least five outbreaks among teams here, in the nhl that led to a number of games being postponed so they are typing up the covid protocols in the nhl a u.s. naval nothing rapid tests are administered to the player, coaches and the on- ice officials and other staff who work near the bench on game days this along with the daily lab-based pcr tests already in place on top of that and it'll be in place at least until the end of february as they try to keep the games going, we'll be right back. [typing sounds] i had this hundred thousand dollar student debt. two hundred and twenty-five thousand dollars in debt. ah, sofi literally changed my life. it was the easiest application process. sofi made it so there's no tradeoff between my dreams and paying student loans. student loans don't have to take over
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connell: all right, this is the big one, the super bowl nascar the daytona 500 happens on sunday, could be the largest in-person sporting event that we've had in the united states since the start of the pandemic. so let's get to fox news correspondent matt fin at the daytona international speedway in florida with more for us.
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matt? reporter: connell, the qualify ing rounds are happening right now inside of this legendary venue you can hear that roar when the cars drive by and while the nascar daytona 500 may sound different it certainly looks different come sunday. this massive venue that seats 101,000 people will only fit 30,000 this year and the people camping infield, they've had their temperatures checked being asked to socially distance and we talked to some of those fans. >> this is the , you know, the grill cooking area. >> this is our camp site beings and there's another space and then that's their camp site. >> we've been tested a couple times. i have the antibody i had the antibody test so should be good to go. >> lots of guidance to stay apart from each other, wear your mask when you're up in the stands and all that good stuff. >> i have personally been tested the guy that came from up state new york he's been tested i'm not sure if the other guy. we've practiced social distancing, six feet, i mean you got to have a good time.
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that's what you're here for , and you just got to be safe. >> it's a really nice get away from the news, no offense. [laughter] >> look at all of this beautiful world we have to live in. we got to enjoy it. now, come sunday fans who enter the stands must distance by six feet, groups are limited four, and they are being required to wear their mask like we are right now, connell. connell: what about the drivers, matt, and their crews, what's in place for them, safety-wise? >> yeah, right we're talking about the fans, how about the drivers and their staff? i just talked to the vice president of nascar operations. he says all the drivers and pit crews are being kept separated. the fans are not being allowed to get up and close like they have in previous years and the drivers and staff go through a lot of pre-screening so by the time they walk moo this venue they aren't positive for covid and not showing any symptom, connell?
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connell: all right, so hopefully it all works out, cool camera shots you're giving us too by the way thank you, matt, down there at daytona, be watching this weekend. one governor facing calls for accountability, and actually facing these calls from both sides of the aisle now after allegations that his administration covered up the scope of the coronavirus death toll and the state's nursing homes, what we know so far about a story that continues to develop coming up, next. >> plus the shares in richard branson's virgin galactic fell today the space tourism company delayed its next space test that was originally set for this weekend. they are saying they need more time for technical check, test flights when it happens will be a redo of the company's december attempt that ended prematurely after the rocket failed to ignite and then american's desire to get outdoors during the pandemic. that is sending sales of one recreational activity to a 25- year high.
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some say this is my greatest challenge ever. but i've seen centuries of this. with a companion that powers a digital world, traded with a touch. the gold standard, so to speak ;) >> i feel that the walls are closing in on this governor, and finally, we have a whistleblower , a democratic whistleblower that's saying that they admitted to covering up these numbers. connell: so talking about melissa derosa there, she's a
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high ranking official in new york's andrew cuomo's administration, the governor's administration and now trying to walk back comments after admitting that the state withheld data on covid-19 nursing home deaths. steve forbes is here forbes media chairman, and by the way janice for people who don't know , you know, lost both of her in-laws in new york nursing home s to covid. your reaction to this latest story which came fourth i believe last night in the new york post report, steve. >> it's one of shock, but no real surprise. it was evident last may that a ghastly mistake had been made in new york, that executive order was signed around march 25, and not rescinded to early may so even though the evidence was there they are putting people from the hospital infect in nursing homes led to thousands of unnecessary deaths from the get-go, this administration has tried every excuse in the book to cover it up, blame it on others and blame it on trump was the last one i saw. unfortunately similar mistakes were made in parts of new jersey , michigan, illinois, california, massachusetts, and
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elsewhere, so tens of thousands of people died unncesssarily, but the real scandal is, once they knew this was happening, they didn't react quickly to stop it, and then tried to cover it up at least in new york. connell: right, that was it, they thought it be used against them is what apparently she initially said and now claiming that when they got an inquiry from the department of justice they had to deal with that federal in your it first before going on to state issues, i don't know if it's something that people will be satisfied with or not. congressman tom reed, whose from upstate new york was on fox business earlier saying he's going to file a criminal complaint or plans to, do you think it should go that far in a case like this? >> certainly on the civil side although i think new york passed a law saying decisions made on covid they would largely be immune to them, so have to see how this all sorts out in the courts, but the key thing is when did they know this was a disastrous mistake and when did they respond to it? because very early on, everyone
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knew, you put someone with covid amongst especially the elderly in confined quarters it was going to spread like wildfire and why didn't they stop it? florida, by the way, florida, by the way, did not make that mistake. the governor there specifically ordered hospitals in march, keep those patients in the hospital, don't put them in nursing homes. what a contrast to murderous new york. connell: i want you to stay with us, steve for another moment there's another issue in new york today people are talking about, that's the return to the indoor dining in new york city, restaurantses allowed to open up and seat people indoors at 25% capacity which some owners will say is just not enough but fox is covering the story and joins us now with more. reporter: hey, connell that's right. you know, i've been talking with restaurant owners in the last 24 hours and they do say look we're excited this is great news, welcome news, this is what we wanted, but they're not satisfied completely in the same breath they are saying look we need 50% at least capacity to
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try to earn a living and here is why. this owner, jose says 25% only gives his staff two to three days of work a week, but 50% could bring them back to full time. that's a big deal and jeremy vla dis owner of good enough to eat says that 25% he's actually going to lose money, connell after paying his team and the cost of food and beverage but at 50% he could start paying off some of his bills and in the end, both say it really is less about their restaurants and more about their workers. >> 25% is so little, it's not enough for myself, but more importantly, for the people who work here, it's not enough for them to make enough to live to support their families and themselves. >> we are not the reason why the covid has been spreading, right? they studied everything that i heard from, the governor said
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that our infection rate is very low. reporter: and you're going to hear that a lot from the owners around here. just last week 70 bars and restaurants filed for an emergency injunction to reopen at 50%. now, it's part of an ongoing lawsuit against andrew cuomo, mayor bill deblasio and governor cuomo said today because the infection rate in the city is going down, he's going to allow bars and restaurants to stay open until 11 p.m. now, starting on sunday, so a little bit of more good news today. back to you, connell. connell: right, for valentine's day they did it a few days earlier i guess maybe that helps a little but probably not enough for a lot of these guys that own restaurants, thank you, steve forbes still with us. your view on this , steve, the idea that it's better than nothing but boy still probably not enough, right? >> well it just shows the decision-making by these politicians. a few weeks ago the mayor of new york is saying it's safe to
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travel the subways. guess what that's very close often to people on the subway so if it's good enough for subways why not restaurants many of which most of which put in new systems to circulate the air better, they are all wearing masks so why not 50-75%? it's just absolutely arbitrary. there's no science behind it, as one of those gentlemen said in the previous interview they have no real science to back it up, it's just capricious. you see it in california and other areas and our founders were right you can't trust these politicians basing things on fact. you have to hold them accountable because otherwise, they will just act like little dictators, making decisions that have no basis in real life fact. connell: well while we're talking about new york, steve, the new york post had this report that the state will end up getting, if it passes, end up getting $50 billion out of the $1.9 trillion relief bill so if it works through congress, new york gets 50 billion. your thoughts on that part of it
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>> [laughter] well what can you say, a state mismanages its finances, mismanages the vaccines, mismanages the nursing homes, mismanages the whole fiscal situation for years, taxing people so much they have to leave the state, by the hundreds of thousands, and guess what? you'll get a reward, tens of billions of dollars to cover you up. well, it's a huge waste of money , the productive part of the country, especially red state, which should not go in for this binge of unnecessary lockdowns they're prospering, new york's unemployment rate is one of the highest if not the highest in the nation so they get rewarded for bad management and wrecking businesses and sending hundreds of thousands of people fleeing to other states. it makes no sense and it's going to backfire on them and by the way 50 billion will get them through for two or three years and then they will be in the same boat again because they just can't do it right. this crowd can't do it right. connell: you know what's interesting as a final thought is this does show whether people agree with you or take the other side of the issue
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about whether new york deserves the money it does show the consequence of elections and why georgia, for example, is so important, if the republicans kept control of the senate, you couldn't imagine something like this passing in terms of because that's -- >> well that's right and that's why republicans made a huge mistake in georgia not focusing totally, not on the previous election but totally on what the consequences of democratic control would be in the senate, and we're seeing it now, and hopefully, maybe the senator from arizona, maybe joe manchin will put a stop to it, but it doesn't look good right now. huge waste of money, going to hurt the economy, not help it, and new york will continue its bad habits that it is wrecking this once empire state. connell: the name can't use that moniker anymore, boy that's sad, steve forbes -- >> forgive me the roman whatever it is, empire whatever. i don't know. connell: [laughter]
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got to come up with something new, steve forbes with us have a great weekend, steve. boy, the weathers no better by the way its been brutal whether it's new york or other places brutal winter weather showing no signs of letting up. we have this bitterly cold arctic mass that is just draping much of the country, really, and it's going to end up fueling winter storms that reek havoc "coast to coast", just won't let up national weather service with the latest on this adding the forecasters are calling it one of the busiest winter weather patterns that we've seen in decades, for the u.s.. back in a moment. in a recent clinical study, patients using salonpas patch reported reductions in pain severity, using less or a lot less oral pain medicines. and improved quality of life. that's why we recommend salonpas. it's good medicine.
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connell: all right, you know, they are bracing for the impact of president biden's oil drill ing ban on federal land. we've talked a lot about new mexico, because it's one of the hardest hit states by this order as its economy is dependent on the industry, it provides funding as a matter of fact it can be used to pay for education and other services , and third generation oilman mark murphy knows about this joins us now, strata production company's president and owner and when we talked with you and others in the industry before we folk cuomoed on the industry itself but what about these knock-on effects, how big a deal is this for the state of new mexico and what else is at stake here?
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>> well it's great to be back with you, thank you for having me. it's hugely important of our state, current estimates are we are going to lose about $1.5 billion as a result of these decisions, putting that in perspective that's about 20% of the state budget. it's a large percentage of our education budget, and it impacts everything up and down the line, from small businesses on main street to our local fire departments and first responders it is a huge deal in mexico generally and it is certainly a very big deal in the major producing regions of the state being the northwest and the southeast where we operate in the permian basin and we're looking at 62000 jobs and these are blue collar, high paying, good benefit jobs, and many of them are union jobs. we rely on the unions for many of our valves and making our pipe and so forth, and many of
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them are related to small businesses and so it's having a huge impact. we're beginning to see for those that can leave, they're leaving. connell: right, i think, you know, a couple things come up number one people might say that maybe new mexico itself sounds harsh but maybe newness should have focused on diversifying its economy a little bit in the past but this has happened already and now you're dealing with real people in the present, so what do you do about this if it does become reality? i mean, i think last time you were on we talked you can't just shift things on the dime so easily. it's not making a transition to other industries, will be painful. what's the plan, i wonder? >> well and that's really the problem. i don't think there is a plan. i think this is a political decision. i listened to your previous segment with mr. forbes, and he talked about the fact that they are making decisions without any science or facts, and that's clearly the situation here, because all of the previous studies, there was recently one
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by the u.s. information energy information agency and basically it said that if they do this , it's going to be the transfer of $1 trillion overseas and it's basically going to ultimate are in higher emissions, because this oil is going to be produced in other countries and it's going to be refined and processed in other countries but it's going to be done so under less robust and rigourous environmental laws and so it's basically costing people their livelihood, costing the country $1 trillion and resulting in higher emissions. all of my experience in how policy is made is you typically get , you do your science and facts first, right? you pull together science experts, you do a peer reviewed study, you get buy-in from all the stakeholders who would include in this case those of us out in these communities at least our state officials, and then you come up with okay, what is a way that to transition out of one policy to another? well this administration clearly
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hasn't done that, and this type of knee jerk reaction, ass backwards approach to national policy is just devastating and really short-sided. connell: i'll have to leave it there for today, mark but one of the things we should keep an eye on here and you know the state from operating in it for so long is what the political impact of these decisions will be because new mexico is a blue state, joe biden the president won new mexico and you wonder what if there's a price to pay there, politically, be something to watch but mark good to see you again, mark murphy in new mexico an issue we will continue no doubt to follow. now, one item coming up in high demand during the pandemic, talk about business gets hurt all the time. not this one, grady trimble what do you have for us? reporter: gas powered snowmobiles by the way, connell, you can do it while social distancing and you can do it in the snow and for those reasons this is a business that's booming, hitting the trails, next.
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♪ ♪ connell: all right. so this, you know, pandemic-stricken winter has feud a boost in outdoor snow sports. in fact, the snowmobile industry has seen about a 15% increase this year so far in sales. so with that, the guy who gets all the fun assignments, grady trimble in twin rake -- twin lakes, wisconsin, with the store. >> reporter: it is a frigid day out here, but that doesn't stop these guys. you don't have to be in florida, california or texas to enjoy the outdoors this time of year. these guys love it. and because of that, like you said, snowmobile sales are up about 15% compared to last year. people have realized, hey, this is something we can do with the family, we can do it outside, and we can do it while social distancing. and it's not just snowmobile sales that are up, it's also all
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of this gear that you see me decked out in. this is about $1,000 worth of gear from the helmet to the jacket, to the boots and pants as well. so sales of all of those items are up. i talked to a dealer at twin lakes marine who says a lot of first-timers are coming in, and a lot of people who have never done this sport ever before are enjoying it for the first time. listen. >> we have new customers, we have a lot of people getting back into it that haven't done this in, like, 20 years, buying snowmobiles just because they're able to get out and do it again. and also because they're looking for something to do. >> reporter: and, you know, the people who ride snowmobiles, they do it for hours and hours at a time. they told me these guys on a normal day they might hit 120, 150 miles. and while they're riding, they're passing a lot of small towns along the way.
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so they're patronizing the mom and pop businesses, the restaurants, they're hitting all those along the way. so there's a big trickle-down effect to this as well. all of those businesses are getting a benefit from this. so like i said, connell, you don't have to be in florida to enjoy the outdoors this time of year. this is, essentially, a jet ski on the snow. what do you think? connell: by the way, you know, you're talking about all these people doing it for the first time. i'm afraid to ask this, but you've done this before, right? looks like you have. >> reporter: i wish i had because i love it. but, no, i've ridden one one time before. this is my my first time actually driving it. 25,000 miles of trails here, so i'm gonna hit 'em all. connell: okay. yeah, we have the fox insurance company on the line now, and, yes. grady's fine, he'll be okay. no, that's not a tree he just
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hit. he's going to be all right. thank you. we'll do our best. grady trimble, soaring snowmobile sales. i've never done this before, i'll be fine, going, like, 70 miles an hour. thanks for joining us everybody, have a great weekend. that does it for "after the bell." ♪ ♪ david: good evening, everybody. happy friday. i'm david asman, and this is "fox business tonight." the true scope of the cuomo cover-up of nursing home deaths getting more horrifying by the day. the new york governor's top aide now admitting that his administration withheld data on thousands of deaths so that the feds wouldn't find out about it. why? because the governor was reportedly worried the information would be, quote, used against him by prosecutors. now, this outrageous admission coming just two weeks after new york's attorney genre vealed that the death poll -- general revealed the death
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