composite which is up 1.25%. it's been a rotten week for big tech the, but they're finishing on a strong innovate note. as for the dow industrials, sorry, going the other way. we're down 200 as we leave you at 31,100. time's up for me this friday, but neil, sir, it is yours. neil: all right, stuart. have a very good weekend. thank you very much on that. we are getting some news, something that could be adding to the selling right now, the only thing i'm going to attach it to is the cdc director warning we don't want to get ahead of our proverbial syringes, she's saying the recovery in the number of cases that has seen a dramatic decline, that could stall. she's worried about the various variants that have popped up all over the the globe. they could prove a stubborn resistance to the progress we've made. again, it's probably wise that she counsels caution, don't get

too ahead of ourselves here, but adding a little bit to this selling because it's not happening in the nasdaq. a lot of those issues will come back. what was happening in our country is kind of happening in every country, this is something over the next couple of hours here there is sort of this bond market, you know, mania that sort of turned everything upside down. the glow of the fixed income market, the entire globe is reassessing risk and reassessing the strong possibility of a pick-up in economic activity. now, while i stress that is very, very good news, good news in a way is bad news on wall street because it means that you can get as much or more holding your money in a treasury than you can in the market. and the s&p dividend yield is south of that. been that way for the better part of the day. so it's another kind of resistance to the market continuing to go up.

but it's not necessarily a long-term threat. this is about a 24-hour thing, so we'll keep ap eye on that. jackie deangelis. >> reporter: you just had the board -- let's put that back up, 10-year is lower on the day, down 2.4 basis points, and it's backing off of that one-year high, but still 1.5% is higher than we've seen in some time, and that's what investors are focused on here. what you have today is a little bit of a confluence of circumstances, if you will. we've got buying in the bond market, that's why the yield is moving slightly lore, we've got buying on the dow -- pardon me, the nasdaq and the s&p, but the dow is a little bit lower. the market is still the, generally what i'm trying to say, is confused here. the thing you need to think about in addition to what you highlighted there, these inflation fears have investors taking some profits, getting into cash and even getting out of these bonds a little bit too. and you wonder how they're going to deploy that capital when the

time comes. that's one thing to watch for. also the rising yields are a sign of this recovering economy, yet there might be stumbles along the way, so we have to watch that. long term, fundamentals improving should be a good thing even if it moves investors -- means investors will move out of some stocks. we came a long way very quickly, there was nowhere else to put your money, and now there are some more options. we are seeing the nasdaq higher, but the selling in big tech was pretty big this week. we did see the nasdaq off pretty substantially yesterday, that one-day loss was the largest we've seen since october. and there's two schools of thought on this too. one is fearful that big tech isn't holding on to the gains we've seen, it's been such a driver of the rally, and the other saying, well, those moves that we've made, it's time for a pullback, it's time for a correction, it's natural, and this was expected so just go with the flow. having said that, consumer

spending numbers were out this morning, the consumer is two-third of the u.s. economy, so very important here. personal consumption was up 2.4% month on month, and personal income was up 10%. so that's something to think about. consumers are spending, and they're making more, that consumption number probably could go up. we do know people are saving a lot right now. that brings me back to that cash theme, how are they going to deploy this capital when they think things are better even in the marketplace on a retail basis, for example. so all these things to watch for. we've got the dow down 216 right now, it's off its session lows, neil. neil: jackie, thank you very much for that. the news, very quickly, to pass along from her majesty's kingdom, i was mentioning the worldwide nature of this, this is really taking coast to coast to a whole new angle here, but manchester united stock, you might have been noticing the big soccer giant had been on a tear of late, it hit better than a

year-long high on news that things could be returning to normal there a little bit sooner than expected especially for spectator sports. so when the formal soccer season kicks off in the spring and boris johnson says that is his hope, to have events that crowds can gather at, they are looking at 10,000 fans in arenas by may. some of these facilities, if you've ever been over there, huge stadiums. i think they hold 70, 80, 90,000. but it's a start, and that is, again, another sign that there is light at the end of that covid tunnel. back in washington, d.c., the fate of the stimulus program, as you know, the $15 minimum wage push has been taken occupant of this at least in the senate -- out of this at least in the senate, the parliamentarian ruling essentially you can't have that in a measure like this. but now the question is, what happens. chad pergram following that. i guess they're looking at a

house vote by the end of today the, chad? >> reporter: that's right, sometime tonight. this vote is a real test for democrats. they can only lose four votes on their side and still pass the bill. now, the senate parliamentarian is an umpire ruling on important questions. elizabeth mcdonough decided the wage hike didn't qualify for this bill under special budget rules. president biden wants the wage hike, but he was always honest about its chances. >> but that may not be in your american rescue plan. >> no. i put it in, but i don't think it's going to survive. >> reporter: disqualifying that provision could actually help democrats in the senate. at least two democrats, krysten sinema and joe manchin, don't think the wage increase belongs in this bill, and neither does the senate minority leader, mitch mcconnell. >> well, the minimum wage doesn't belong in there, the congressional budget office says it would cost 1.4 million jobs we'd lose. second, $350 billion for

bailouts to poorly-run states, clearly not necessary. >> reporter: republicans will vote no even though some concede the measure could help their constituents, but the ruling last night shows how tough it will be for liberals to advance their other priorities like gun control and immigration reform in a split congress. neil? neil: all right. chad, thank you very much for that. chad pergram on capitol hill. as chad kind of touched on, they're not giving up the fight, the bernie sanders and the nancy pelosis who are saying there's got to be a way of maybe pushing and getting a feature that can allow this to be included in the senate measure. one way to do that is to attach it to a tax. in other words, to make this so that it is a tax-related issue that the senate could take up in a reconciliation measure. i'm boring myself trying to clarify this, but anyway that's sort of like the hail mary pass. jon hilsenrath of "the wall

street journal," fox news contributor, courtney dominguez back with us, welcome to both of you and thank you, guys. >> hey, neil. neil: it seems like they are hell bent -- that is the, progressives -- to get this in that package. it might be an uphill battle and maybe if they can make it a tax-related issue, that would make it okay to bring up in a reconciliation measure, i don't know. but if it is, then it's a whole different ball game, right? >> yeah. i mean, i think the kind of nuances you're looking at with the stimulus package where it's things they're trying to get embedded in the entire package. but the package as a whole seems to have a lot of support behind it. and that i do like from an economic standpoint because when you look at the last stimulus package that came through, you saw consumer income up about 10% last month, it was the second highest reading on record only beaten by last april with the other stimulus package. so you're seeing how much this

is helping americans, saving money, pay down debt, and we're seeing spending go up, so they are putting some of this back into the economy. it's kind of putting rocket fuel on top of rocket fuel, and it's really going to help the economy get back to where it needs to go. neil: you know, jon, businesses might be doing the government's work already. i know there's a big difference between big box retailers like a costco e that is upping its minimum wage to $16 an hour following on the heels of, you know, walmart and target and amazon and all that. and small businesses that don't have that luxury. but i'm wondering if that takes the heat off this push or just reapplies it. ing what do you think? >> well, i actually think the heat is on in washington, neil. and i think if you look underneath the surface -- and it's not very far underneath the surface -- there is a real movement in washington which is happening among republicans and democrats to push minimum wages. you know, and with what we've

seen just this week is some interesting moves on the republican front. so josh hawley suggested earlier this week that you talk about how do you use the tax code. one of his ideas was to create a tax credit for anyone who isn't earning up to $16.50 an hour for the government to fill in that gap with some kind of tax credit. and just today hawley came out it seems, you know, we're still reporting this out, but it seems that he's onboard with bernie sanders in using the tax code. this is josh hawley and bernie sanders, in using the tax code in another way which is to punish big companies that don't pay a minimum wage by punishing them through the tax code, by taking away tax deductions from them. so i think the ground is really moving on minimum wages right now. in addition to hawley, you have mitt romney, tom cotton and others in the republican party

say, well, let's do this a little bit more slowly. instead of going to $15 an hour, maybe we can go to $10 an hour. but this is happening, and, you know, the republicans have become a blue collar party. they're no longer this country club party that they were back in the '80s and '90s. of it's a blue collar party, and they've to got to be asking themselves, well, what are we doing for blue collar workers. and that's why i think you're seeing them say maybe we should go into this terrain and find some of our own sluices. solutions. neil: well, you're right, they certainly to a man and a woman, they're beginning to coalesce this idea to raise it from its present levels. courtney, if i could switch gears a little bit and take a look at these markets trying to rebound today the, i mentioned the global nature of this. this isn't just an american phenomenon where there's this sort of bond market revolt, if you want to call it that, where now it is responding to a pick-up in economic activity, you know, across the planet.

and that's going to be a hard thing to fight. the federal reserve can force interest rates and, you know, the shorter end of the market down, it can buy more medium and longer term debt to try to, you know, force that point as well, and it's worked in the past. but it is really not necessarily guaranteed to work now. is that a worry? >> well, it's a good point you raise where the fed can really only do a certain portion of things when it comes to interest rates. at the end of the day,s this is going to get priced into the markets regardless of them hiking rates orbit. and what this is reflecting is we are starting to see inflation, and arguably we likely will continue to see that as we see more spending like the stimulus package, for example, we're seeing a lot more demand as people want to go back into the economy, but there have been some supply chain issues. i've got to tell you, neil, out of probably 90% of accounts i look at, people have no inflation hedges in their portfolios. it's just such a good reminder

of why you need something not just the s&p 500, you need those things that keep pace with inflation. and it is just a really good remindedder that you really want to make sure you have that in place. neil: what are some good examples that you tell your customers then? inflation hedges that you would bet on or at least have in your portfolio in this environment? >> yeah. i think it's mostly your alternative investments, so think of physical things like commodities, gold and silver, energy's another really good one as is real estate. things tend to work at different times in the stock market, and they're also very good inflation hedgings. neil: interesting. you know, jon, what do you make of that? there's another argument out there that maybe hasn't been played out as far as market-moving events that the fed might be losing control of the bond market itself, that its actions in the past -- it got what it wished, it could keep rates near zero, buy medium term notes and bonds, get that control by buying so damn many of them that now it might be

losing control and sort of like that oz figure behind the curtain, you realize it's just an old dude behind the curtain. and i'm wondering if that is going to be a financial chicken coming home to roost. what do you think? >> well, you know, i think when you look behind the curtain at the fed, their view is that interest rates can rise for a couple of different reasons, right? so one is interest rates are rising because people are worried about inflation, and you have to pay a higher cost for borrowing if you think there's inflation. another reason why interest rates could rise is because people think the economy is getting back on its feet. they see that returns are going to be higher in other asset classes. and i think the fed's view right now is that interest rates are rising for that reason, because it looks like we're heading towards a recovery and that there's more appetite for risk in the economy. and i think they can tolerate that and, in fact, they could

even tolerate a rise in inflation because inflation has been running below the fed's 2% target ever since they created the target in 2012. so, you know, i don't think they're hitting a panic button right now. if the markets are signaling that the economy's getting back on its feet, then that's what they want. that's what they want to see. and i think they'll tolerate that for a little while until they see real tangible problems. neil: guys, i want to thank you very much. we're coming back a little later, we're going to talk about these supply chain disruptions. that's inflationary as well for reasons having nothing to do with price but just the shortage of them. we'll explore that in just a little bit. by the way, we're getting an update concerning schools and whether they reopen in new york and the new york city metropolitan area. "the new york times" is reporting that the new york city school chancellor is resigning. his exit, of course, comes at a time when there's been a lot of attention that he's -- tension

that he's had with mayor bill de blasio. the clashes really early on were over desegregating the school system, making them more open. but they really kind of hit a crescendo over the reopening of schools themselves and whether teachers were stalling that process. but he's out, he's gone, and he ain't coming back. we'll have more after this. ♪ ♪ life goes on, la, la, la, life goes on ♪♪ (vo) ideas exist inside you,

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work, the freedom to be open for business, the freedom to go to church, freedom of speech, combating cancel culture and freedom from oppressive government overreach. >> their policies don't work, they are disasters. mark my words, 2022 is going to be a fantastic election year, and so is 2024 as we stand together and defend liberty, defend the constitution, defend the bill of rights of every american! in the immortal words of william wallace, freedom! >> reporter: florida is the ideal host for cpac this year because the state, led by governor ron desantis, showcases a lot of policies conservatives here are fighting for. >> while so many governors over the last year had kept locking people down, florida lifted people up. [applause] every floridian has a right to earn a living, and all

businesses have a right to operate. >> reporter: a recent poll of 1,000 trump voters shows that they want the federal government out of the way when it comes to the economy. 72 the % polled said they strongly agree that the government does not create wealth, it's businesses that do. president trump will be here on sunday for his first major speech since he left the white house. a source familiar with that speech tells fox news that trump will bring up what the gop needs to do in 2022 to take back control of the house and the senate, singling out biden's policies that have already had a bad impact on americans from the keystone pipeline shutdown to illegal immigration. and on 2024 we are told that he will be warm to the idea in his speech but, neil, we've been listening to speeches all day today, and every time president trump is brought up in remarks, there is loud applause and cheering from the crowd here. so they are very, very, very

warmed up for him on sunday. neil? neil: interesting. look forward to that. hillary vaughn, thank you very, very much. hillary kind of touched on it here, but there are a number of prominent republicans who are not at this cpac e cent including liz chain and rand paul, nikki haley and mike pence. but the ones that interest me were the people were not there because they weren't invited. one of them, mitch mcconnell. and maybe that has a lot to do with the friction between he and the president of the united states. now, he tried to put that to bed in an interview with our bret baier yesterday. i don't know if he succeeded though. maybe confusing things with this statement to bret. take a listen. >> should the former president be speak at cpac this weekend? >> i don't have any advice to give the former president about where he should speak or what he should sayment. bret: okay. is there a civil war in the gop currently? >> no. i think if you're looking for a

real civil war, look at the democrats in the house. the progressives making it extremely difficult for speaker pelosi to operate given the narrow margin she has overall in the house. bret: if the president was the party's nominee, would you support him? >> the nominee of the party? absolutely. neil: that one blew me away. he ripped the guy a new one up and down, but if he's the nominee, absolutely. all right. what'd you think of that? >> classic mitch mcconnell. you know, i tried to talk to senator mcconnell, the former majority leader, now minority leader, down at the senate yesterday, and one thing about membership if mccome, neil, is he only answers the questions he wants to, and on top of that he only answers the questions he hears. and if you listen close to that last answer, what was amazing about it was he didn't say

donald trump's name, he said i support the republican nominee which isn't necessarily in isolation a controversial statement for mitch mcconnell to make. i tried to engage with him on taxes and a couple other things, he simply ignores you. a. [laughter] mitch mcconnell knows how to play the media, and he has no problem being on an escalator as you're trying to ask hum a question walking up and ignoring you as though you were the uncool kid at high school. neil: i don't feel so bad now because if he's ignoring you, hans, and you're a rock star, then all bets are off. let me ask you this though, stuart varney in the last hour had a chance to talk to senator bill cassidy about all of this and whether he would support donald trump if he were the nominee. cassidy just dismissed it out of hand a couple of times. he just said, well, he won't be the nominee, he's not going to be the nominee. that was his way of handling it. but there really is a divide among republicans over this issue, those, in fact, who voted, you know, to convict the

president, as did senator cassidy in the senate trial, you know, who are already being censored by their own state republican committees for doing so. so there's that group and there's the pro-trump group, right? >> yeah, you could almost find a third group in there, neil, right? there's the group that absolutely wants donald trump to be the nominee, to restore the white house, to have restoration. there's a third group that doesn't -- one-third of the party and, again, my numbers are probably off here because it seems as though 80-85% of the party likes donald trump, so i shouldn't speak in thirds. there's another group that is concerned about donald trump and whether or not he is going to be the best nominee to win back the white house and what it'll do down ballot and all the questions about january 6th. and then there's that third group that is they don't really want to say where they are yet. and that's where senator cassidy is. my suspicion is the people in

the third group are actually in the second. they just don't want to say it publicly yet. in general, the stock political response to a question like this, and we hear it from the podium, republicans, democratic press secretaries, oh, i'm not going to engage in hypothetical cans, right? but mitch mcconnell didn't say that. he just gave an almost cat gore call statement that he'll support the republican nominee and let's see how he hues to that. neil: i'm just wondering too then, hans, where all of this is going because maybe what senator cassidy was hinting at with stuart was, look, this guy is facing a criminal probe in new york. he could be fighting that or, worst case scenario, in jail dealing with that and that he just didn't see that possibility of the president, the former president returning or getting to return to his old home. what do you think? >> yeah. i suspect the only thing harder to do to get sort of mitch

mcconnell to talk about something that he doesn't want to talk about is to get a republican that is in a pro-trump-friendly state to acknowledge that trump faces legal challenges and that he could be behind bars. you hear that a lot, and blue states you hear that all the time, if you're up where you are in new york, this idea is almost a foregone conclusion that donald trump will be incarcerated. you don't hear that kind of speculation, at least not publicly, right? privately there may be some, but you don't hear that kind of speculation on the republican side. look, the cassidys are really the question, right? how much longer can cassidy maintain that position. it's three years out and ten months, right? eight months. i'm doing public math here and embarrassing myself. three years and eight months out you can maintain that position. it's harder to maintain that position eight months occupant. and so -- out. so when we were in new hampshire, iowa or nevada, whatever the key states are for the 2024 cycle, the cat ity

position is going to be untenable. so the cassidys of the world eventually are going to have to tell their people and their voters where they stand on donald trump and what they think about 2024. maybe not this year, maybe not next year, but as you get closer to 2024, yeah, they will. neil: all right. hans, always learn a lot. thank you very much, my friend, for joining you us. hans nichols of axios. by the way, you know by now that joe biden went ahead and approved and orchestrated the first airstrike of his presidency, this time on syria. a lot of people were surprised by that, surgical and limited though it was. but now a number of prominent democrats are the ones criticizing it, not republicans. democrats. after this. ♪ ♪

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neil: all right, it was short and swe, surgical and limited, that's what we are told about joe biden's call to go ahead and strike the iranian-backed militia forces in syria. single strike, we don't know any casualty counts as yet, but the administration was pretty certain this is where a lot of the forces sort of hung out and launched attacks elsewhere. but, by and large, he's not received much criticism for this, surprising though it was, but he has received some concern raised by democrats, senator tim kaine among them, slammed the move and says this follows what has been a consistent position among presidents of both parties to act unilaterally without even checking with congress. that's the gist of what he said, by the way, it's not exactly what he said. but there are others who feel the same way. john hannah joins us, former national security advisor to dick cheney.

john, good to have you back. the criticism right now, and there's not a lot of it, it's coming from democrats. what do you make of that? >> well, at least, i mean, senator kaine's being consistent, neil. he criticized the trump administration for acting unilaterally without authorization from congress, and he's doing the same thing with joe biden. i think it would have been good if biden had consulted congress, at least the leadership in congress. it's been several days since the iranian-backed militia struck us in iraq, so he did have time. he was very deliberate about this and figuring out what targets he wanted to hit. so i think it's par for the course, but my own view is this was an absolutely necessary move by the president to really lay down a marker with the iranians. neil: now, how would it affect the administration's outreach to iran maybe to sort of restart these nuclear a talks, or is this a reminder we always hold

this in our hip pocket? >> i think these are two sides of the same coin of any kind of diplomatic initiative towards the iranians. there's got to be a powerful stick standing behind american diplomacy. so the iranians always talk and fight at the same time. it strikes me that the americans have got to negotiate to contain the iranian nuclear program like there isn't any iranian terrorism and then smash iranian terrorism as if there's no negotiation over the nuclear program. you do both at the same time, and i think this was important, this strike, in part because it does send that message to the iranians that even as the biden administration's reaching out trying to get them back to the table on the nuclear program, it doesn't mean that they have license to attack and assault american interests and american allies across the middle east. to that's an important message.

neil: you know, there's not been much outcry from the middle east, and even the closest criticism may be russia getting all of a few minutes' worth of a heads up this was coming. what did you make of that? >> well, i think everybody, listen, was standing by seeing what are the biden administration's red lines, how far are are they prepared to just sit back and allow iran to systematically attack the our forces in iraq, to attack our allies with missiles in saudi arabia, to dangerously, really dangerously expand their nuclear program. so i think by setting down this marker saying this far and no farther, we can do this, iran, the easy way or we can do it the hard way, i think that's a message that doesn't go just to the iranians, but it goes to both our allies and adversaries across the region and throughout the world. so it's an important, important message that the biden

administration has sent, and now we've just got to wait and see did the iranians actually get the right message. neil: all right. john hannah, thank you very much. if we get any more news out of the middle east on this, because to john's point, it's been few and far between, we'll, of course, keep you posted. you you know, we love these images from mars. you probably detected that. and i marvel at the fact that, you know, we've already gotten more than 23,000 photographs from the martian surface. i'm told it's more than double that now, and apparently a viewer took offense to my saying that this was like me taking pictures on a family vacation, warning me -- her name is alexandra da -- neil, they don't stuff this stuff in photo books, you idiot. and, by the way, you were never an astronaut. genergene cernan going ahead and giving you a pin to claim one, you're not. and, by the way, they never,

ever, ever put photos in an album. oh, really? [laughter] prove if it. after this. ♪ ♪ i want something just like this. ♪ ♪ i want something just like this ♪♪

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♪ ♪ neil: you know, i always tell people when they are down on the markets, the selloff and the fighting that goes on in this country and this country isn't what it used to be, look at this. look at these images we're getting from the surface of mars. americans did that. this is the stuff of science fiction, or it seeps to be, a rover -- seemed to be, a rover looking for life and digging for sediment that will eventually make its way back to earth, a little, mini helicopter that's

going to fly over the planet to also help in that regard. this is the stuff that, you know, they used to do movies about, and they were limited to just that, pictures. tom jones every step of the way was telling me and reminding me this is the stuff of which we're capable. the former nasa astronaut with us right now. tom, thank you for taking the time. what do you think of these images we're getting back? sometimes i think, god, they're sod good, they've got to be fake. but they're not. >> neil, thanks for having me on to talk about this exciting perseverance rover. you know, it gets better and better every time we land successfully on mars. the technology has gone up over the last eight years since curiosity landed there, and, you know, the stellar views, forgive the term, on mars just amazing, and they're going to reveal with that greater detail more about the chances for life on mars. and perseverance is equipped as a biological laboratory to do some investigations into whether there are actually the chemicals

that support life and maybe even with its microscopes and drills it will find some fossils that may have collected in this lake bed in the crater. neil: you know, and i've told a lot of people this who were searching for that and the possibility there was once life on mars, and i say, well, it'd be great if we find that, discover that, changes everything, even our views of humanity. but i don't think it takes anything away from the significance of what we're doing if in the end we don't find those signs. this is such a remarkable engineering feat, its applications go way beyond what's happening on mars right now, right? >> you're right. and the question about life is really important to science, and it's going to be remembered, the positive result's going to be remembered for millennia about the big discovery of life on mars. even if it's not there, even if we don't find it right away, the technology that we developed to get there makes us leaders in the 21st century race to have a

technologically successful economy. and we wind up learning more about a planet that was once like the earth but then went in a different direction, and it helps us understand how our own planet has evolved and how we can understand and protect the climate here. so mars is a great laboratory for understanding our home world as well. and i think the process of getting human explorers to mars to address the question of life is really going to make the u.s. a technological leader for the rest of the century. neil: when you look at these images, tom, and where it's going and the fact that circling mars if right now are spacecraft of the united arab emirates and china, both of whom hope to eventually land vehicles there as well, it's getting crowded, there are a lot more players than there used to be in the old days when i was a kid and it was us and the russians. good or bad thing? how do you feel about that? >> i think it's great that more and more countries are joining the exploration of the solar

system, and those shared results, i think, will increase knowledge across the board, and we'll be more successful in trying to synergize these efforts over the next decade or more. i think that it shows how mars is a magnet. if you want to demonstrate your technological achievements and abilities, you send a spacecraft to mars. that's plainly what the chinese and the uae and the indians are doing. i think that it's great that there are more people in the mars sand box, and i hope we'll be able to form some productive partnerships as we think about human explores going there. i think the robots by themselves lay the groundwork for human explorers, and certainly in perseverance's case, it has experiments like generating oxygen onboard that will directly address getting humans to the planet. neil: yeah. and we're showing some images of going to the moon in 1969 and how far we've come. that's like our next door neighbor. this is a little bit further trip. tom jones, thank you so much, my friend. be well, be safe. >> thanks, neil.

neil: all right. in the meantime, we are going to update you on what's happening with this supply chain shortage here. i know that sounds like a mouthful and we try to avoid that, but don't threaten me because i will show you some charts here because it's actually hitting a variety of companies, grocery stores in ways that are so weird they go from shutting down factories to seeing the prices of bacon soar. that's what these shortages are all about. ♪ ♪ ♪ ♪ (upbeat music) ♪ ♪ ♪ ♪

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neil: all right, not so fast. we're hearing that senator bernie sanders among others are still pushing for ways to get an amendment into that reconciliation measure that would still get them to vote on hiking the minimum wage to $15 an hour. the only way you can do that, according to the senate parliamentarian, in a reconciliation bill is if you're talking a tax or tax deductions. and one of the things that

senator sanders is looking at, senator ron wind as well, is a way -- ron wyden as well, is a way to take deductions away from large companies that do not pay their workers $15 an hour. so that would allow this to go through. jen psaki, the white house spokesman, is on air force one. the president, as you might recall, is heading down to texas to tour the devastation the after last week's vicious ice storm. she said we're always looking for the best pathways to increase the minimum wage moving forward. there's going to be, you know, work ahead. as for the sanders measure, quoting here, we don't have a final conclusion on that proposal, committed to the best path forward so that will require talks with lawmakers going forward. this is coming from our blake burman who's following these development here. but the bottom line is that the administration might have been caught off guard by the protests among some progressives that this is a dead issue because the

parliamentarian said it's a dead issue. they're not giving up without a fight, jen psaki seems to be trying to instance the president from this. they're open to anything and everything, but as things stand right now the long-term goal is for a higher wage, just not right now in that reconciliation measure. the fallout with jon hilsenrath, cowerny dominguez as well. -- courtney. jon, what do you think of this? i'm wondering if it's a more serious tug than we thought? >> yeah, neil, this is exactly what we were talking about about half an hour ago. this is really what's bubbling up in washington. the minimum wage issue isn't going away, and not only that -- neil: right. >> -- there are a number of republicans who are embracing the idea of finding some way to raise wages for lower income workers. what bernie sanders is talking about, as you mentioned, is using the tax code to get wages higher by basically saying, listen, if you're a big company,

if you have a billion dollars a year in the revenues or some number near or above that, then you're not going to get certain tax breaks. you're not going to get certain tax benefits if you're not paying all of your workers at least $15 an hour. and josh hawley, of all people, republican of missouri, is saying, yeah, i'm behind that. now, i don't think josh hawley is going to get behind this whole $2 trillion spending plan that biden wants, but this is in the air. one way or another we're going to get a big spending package out of the democratic party, and there's also going to be something on the minimum wage. i don't know if it's going to be together or apart, now or later, but both of these things are moving forward, and they're going to happen some form or another. neil: i know it's a game, but what if they find a way to wedge it in there, now you have to include it in there, would the markets erupt at that?

they'll get their stimulus, which they seem to want, but they get it from something like a hike in the minimum wage which they don't want. >> yeah. we're going to have to watch it because i would say kind of the bottom line is the benefits of the stimulus package arguably are probably going to outweigh any of the minimum wage complications that could be part of it. that is really one of the big sticking points right now, and to your point earlier, we do have some republicans who are onboard with that, but there aren't a lot of democrats who are universally onboard. i think it's too early whether it's going to be part of the stimulus, but it does look like stimulus is going to go through and that, ultimately, is going to be a good thing. neil: courtney, final word. guys, thank you very much for this. it could likely go along party lines, as it likely would, in the united states senate, but the first act is getting it approved in the house which calls for a vote on it later tonight. ♪h) ♪

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♪ charles: all right hours away that stimulus plan will likely be approved in the house along party lines already republicans are warning the president against these partyline votes for big deals, and big bills getting sick of it, of course, democrats were sick of it when it was along a partyline that

trurp tax cuts were approved. and before that, republicans angry at democrats and barack obama when the so-called affordable care act obamacare went through. some of these big pieces of legislation and man a sign of our times usually go along party votes and there's no bipartisan support that looks like it could be the case here. again the house vote coming on a little later a lot more going on a little less rocking and rolling corner of walling and broad but still up and down day. dow and negative territory s&p 500, and the nasdaq are not. but again these are fast market conditions, suzanne lee following them all in new york. hey, suzanne. >> hey there neil nasdaq coming down from worst day since october protect stocks so we saw the dow actually performing so far this week, and that acceleration in the tenure yield catching wall street offguard and corporate america continues to do well for airbnb reporting billions of losses last quarter

most of that they say goes back to ipo cost door dash say it will slow down once vaccines roll out beyond meat now the exclusionive supplier to mcdonald's big plant burger, no meats all plants, draft king reporting one and a half million monthly active players and so they added over 60 million new and reactivated over holidays also check the comeback in big tech today apple and microsoft and shopify expected to cross one and a half percent at the end of this year. and so far we're only in march. so the sea is this acceleration and a sense has surprised a lot of investors. but that's good for sectors that benefit from a reopening and higher prices and inflation, and energy, financials, communications, industrials and materials from the best performing sectors so far for the s&p 500. now the stocks game top trade yes is back on we have gamestop rallying over 100% the past three sessions, and the most

popular option game stop contract predicted rally to $800 today. not going to happen. so the same as a lottery ticket now bitcoin meantime bitcoin sell 35,000 down to 15 to 25% lowest this two weeks but currency, and worst week since last year. but that also means that the gray scale bit coin trust which is most popular and biggest bit coin index fund now turning at discount to overlying bit coin holding first time it happened in four years premium as high as 40% earlier this year an an guru are confess she bought 7.5 million over gray scale past few weengs says bit coin is just in its early day could grow multiples from here so she's still sounding bullish, neil. neil: she was way ahead of everybody on this there so might be something that just buy on that dip and learn if it happens

susan li in new york following these develops here we told you about big surplus vote going on in house today and trying to wedge that minimum wage increase in there. bernie sanders wants to do that, it gets, you know, a little bit kind of gobblely gook here but guy who has been fall and pulled off is edward lawrence following is closely. ening you mentioned looking at possibly an amendment to add to the reconciliation process so they just need a majority simple plarnlgt to pass that attaching it to the if bill as he separate agenda now $15 minimum wage may not be going away. the house will vote for the american rescue package, that vote will finish tonight is what i'm told from a spokesperson out of the hogs speakers office and it will have the minimum wage increase in it. now as you said the parliamentarian did rule that the $15 minimum wage could not be in that major package. still, the house speaker says

that house in democrats believee minimum wage hike is necessary therefore it will be a part of the provision inside the american rescue plan and on the house floor. democrats are determined according to the house speaker to pursue every path to fight for had the 15 as she's talked about this is echoed actually from white house press secretary jen within last minute or so come out to said they are looking for a way to put that minimum wage inside or get it passed as law raises to $15 an hour you see there. .725 is current price of the minimum wage as we speak here the hike again would affect 3.7 million jobs could be affected by the loss related to minimum wage here. so, you know, kevin mccarthy house minority leader also talked about this in his news conference today he did say, that the only reason for keeping it in this package right now in the house side is because he believe it is that the progressive if left will not

pass the full package unless $15 minimum wage is in it. back to you neil. neil: with or without it would get any republican support? >> you know, and without it -- no. actually, republicans support the question is senator joe manchin that's really the issue here. and they're looking and they're focusing on him now without it, senator joe manchin might vote for the bigger 1.9 trillion trillion package if $15 minimum wage is in it or attached to it, no. he's not going to vote for that he's come out against that. so they're going to have an issue trying to target another republican to go forward. without it it is going to be iffy provisions that affect west virginia in this notably the climate change, the money $50 million that would pay for basically getting rid of coal funding, and enforcement and regulationings on coal. so that's going to be an issue for them. but ?artd joe manchin will be that pivotal vote here is what

is all hinges on. neil: when you have a 50/50 senate you can't make my false moves great reporting edward thank you. congressman brad joins us now former republican, sits on house weighs means committee congressman good to have you, it looks like this is going happen at least in the house sir, then i would be curious what your vote would be. >> all things what they are technically right now with -- that is not going to be the wage feature at least in the senate measure. so far -- would you vote for them? >> there's a lot of political threat or going on right now. no i think even in the house, you may be a couple of republicans that vote for it. but we have a myriad of reasons not to vote for this. first of all, let's be realistic with american people this is not a covid relief bill. look we did three bipartisan covid relief bills and previous administration. we got them through. this isn't been done that way. everyone knows that. and you pointed out that republicans have used this tool

before as well as democrats. but nonetheless is going to be interesting because ping what's going to happen as far as the minimum wage component to it as well is that it will be in the house package tonight even though the parliamentarian in the senate said it cannot be on senate side so it does sound like they're trying to find other ways doing it but i think senate will be very tricky. actually to some degree, i thought that chuck schumer might be glad that the parliamentarian said that we have to take, that eve this to take out the minimum wage bill. because then, they don't have to vote on it and he doesn't have to lose the vote over there. so -- a lot of theater going on but you know you're talking about a 1.9 trillion package, supposedly only about 9% is actually for covid relief. and so when i talk to constituents that say hey, we need this we have to do it i say okay let me tell you things that are in it you have a brj that's built from new york to krngd. you've got this tunnel in

silicon valley you have 1400 going to every american once and federal workers they get $1400 a week for 15 weeks to stay home while their kids schools are closed. neil, what we want to be focusing on is getting schools open, getting people back to work, getting everything back and doing it safely. let's really focus on getting health care workers taken care of so that we can get out there, get the vaccines in arms really take care of the young american people but doangts try to say this is all about covid relief because it doesn't take long to look at it. and peel start saying oh now i see where you're not for it. there's a lot of things we're for, but this isn't it. neil: yeah. that's the way -- sort of likings old democrats voting and republicans that could change. are you congress curious are you going to cpac in orlando this weekend? >> no i'm not. i'm here to get through this. and i'm always pretty eager to get tbok my wife and kids to be honest with you.

so -- that's fine event. i will be here until we get this done i know it is already started down in orlando. but having been here this much this week and again next week i want to get home to my family. neil: you know a lot of prom innocent republicans are not going sir that's why i'm asking mitch mcconnell mitt romney won't be lane they weren't invited mike pence anden rand paul liz cheney, yanked governor and phil -- it seems like there is a divide in the party on this, that seems like very clearly trump loyalist gathering i could be wrong and you know this stuff far better than i but does that worry you or are you okay with that? >> i see it is in the house of representatives we have reps and democrats have their riffs but i think we're really pretty well together. we had a huge amount of momentum and encouragement by picking up these seats in the house of

representatives. so you know as far as the world that i live in here within the house of representatives, you know, there's always some thing where is we disagree on things but we're doing just fine what we're focusing on is our districts getting through this crisis, and then taking back the house in '22. neil: they just appear to be some friction congressman i don't to second guess you but you kind of came up and bret baier interview with mitch mcconnell, who would said his -- light criticism in the past but that he would support him if he were the republican nominee in 2024. would you have likely do you think that is? >> i didn't hear the last part? neil: would you support donald trump if he were your party nominee in 2022? >> that's a conservative and that's the way i vote and if the american people and the in particular republicans were to choose donald trump, then fine.

but i think we have a lot of great people out there that could stand up and do the job. and do it very, very well. neil: all right congressman thank you very much. back to your wife and family here weferg going on. you might have your priorities right congressman brad -- republican congressman from ohio. scott shelby back with us at ag optimist with that here as well independent women foreign policy analyst, and i know we want to go on other issues but i would like to get your take on i don't think i'm imagining it but friction within republican party democrats aren't without same thing i get that. this whole stimulus measure proves that and fight over the minimum wage. but the republican one, where they're going so far cpac to disinvite people and donald trump, including mitch mcconnell and -- mitt romney, what do you think of all of that? >> i think that we are in the middle of a realignment parties

are going look quite different both parties are gong to look quite different in next two four years than they did four years ago. and i think that that divide reflects the fact that unfortunately or fortunately depending on your perspective a lot of folks who have been carrying the banner for the republican party really don't have a lot of support in the base thinking here about folks like liz cheney, really don't have a real base constituency that's not just personality or just donald trump it is also on issues. right it is also on foreign policy issues, it is also on -- generally a feeling that the d.c. class has forgotten the base that sent them to d.c. to begin with. i think those are all long standing issues in the republican party they resulted in the election of donald trump. i think -- but they aren't only related to donald trump. he tends to suck out all of the oxygen in the room whenever we talk about this but i think there are deeper realignment issues happening in both parties. neil: now 2022 and 2024 stale

long ways off scott, i know i'm belaboring this but ipghts to get the market because on a lot of things that this president is doing that alarm investors -- and i'm wondering if republicans are divided, how do they counter that in ways that wall street might like to see but might not be seeing it now? >> well, everybody on the right is going to have to realize that 75 million voters like the fact that they have a leader that was not part of the swamp. they like the fact that they have a leader that wasn't -- you know a politician by trade and had america's interest at heart first. so you know, comes down to a lot of common sense to me right. i've got i own url common sense account because that's how i feel i am and those who smell doesn't right it is not right and that's the way that ting that donald trump and a lot of his supporters believe that he

ran his campaign so what they're going it was to do is either get behind that idea, that we're going to continue to have america first do things that are common sense and not hurt our own country. or find somebody that will do that because i think that's going to be the ultimate issue. there are 75 million people out there, and a lot of them are now blue collar. that really like the idea that that's not a career politician. he does understand me, and he's going to have me first and my country first. and that i think the republicans are having to get around that idea maybe not as much as trump but that idea, and if they do that they'll win. neil: you know, in the meenl time as this stimulus and what have it will go along party lines democrats voting for if republicans voting against it we've seen that before. and i'm wondering if this is just a helicopterruation of -- continuation of that theme? >> i do think we're going to continue to be divided on the stimulus package along with everything else. but i think one under talked about aspect of the stimulus

package is, of course, congressman mentioned it in passing in your interview. but there's 170 billion dollars for the public school system in this package. and that is largely just a handout to teachers unions there's no requirement to reopen. there was an amendment actually put forward to try to tie some of these funds to the amendment. to reopening -- that was voted down. so this is basically a handout to teachers unions for -- like reference right the department of ed the entire budget in a typical year is somewhere around $70 billion this is 170 billion to put that in perspective and most that have money won't be delivered until at least 2022. right so this is not for reopening right away. as it is being packaged there's actually going to be more stimulus funds from that package spent in 2026 than there will be in 2021 with regard to schools so this is a long-term a permanent handout to teachers unions essentially and to superintendents and to the

public school system, this is not for reopening so i want to make sure to get that out that's one the reasons i think republicans are opposing this bill although there are quite a few the democrats didn't give them any reason to support it. neil: yeah i think a lot of spending is in future years not now and explore that more and when we have you back a little later i want to talk a little bit why that is prompting this backup and interest rates and whether you like this thing or not. the improvement in the economy coupled with it, have a lot of folks saying this will continue the economy certainly will see its spark and get even more robust and in the environment rates could back up and that could be something to watch going forward. in the meenl time here, at some potential good news on johnson & johnson we should be getting from a fda panel later today that it is one dose vaccine will be initially likely -- likely for emergency use and then beyond that, why that is a very positive development and not just because it is one dose

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neil: welcome back to coast to coast i'm steve heir began in thrants the fda is meeting all day today to decide whether or not to give approval emergency usage for third vaccine from johnson & johnson it is expected we will hear about approval some time late this afternoon or even this evening if that is the case. johnson & johnson said it would roll out 4 million doses of the vaccine immediately 20 million by the end of march and as much as 100 million doses by this summer there are real advantages to the third vaccine the biggest one as neil mentioned earlier it is a single shot vaccine pmg the others take two shots also it is easier to transport and move around in the store this vaccine doesn't need freezing it can sit in the refrigerator three months it is also shown to have less side effects. so far than other two and more traditional vaccine, there are some downsides, though, 72% overall effectiveness rate in

the u.s.. this compare to other two vaccines which are well above 90% but medical experts say this vaccine from johnson & johnson prevents hospitalizations, and prevents deaths. >> there's no safe and effective vaccine will help protect more people faster. >> this vaccine was extenseivety tested in u.s. and south america more than 30,000 people tested in the prelims to this vaccine being approved. johnson & johnson preliminarily reporting at least two allergic reactions but so far seem to be having fewer allergic reactions than moderna and pfizer vaccine back to you. neil: steve heir began in atlanta thank you very, very much we have a lot of vaccines coming down the pipe right with this one. but you know some have a short shelf life if you think about what temperature you store them at what do they do at conditions because it has been a devil of

time to get it out to folks like you and in chicago how they're dealing with that. brady. reporter: neil, some of these people are called vaccine chasers they loiter around vaccination sites like what we're at look at social media to see if there might be any leftover dose at the end of the day that might otherwise spoil. we're at rush medical center you can see they're drawing vaccine from viles as we speak. i'm also with the chief medical officer here doctor paul casey you don't deal with these vaccine chasers here because you do a really good job of one inventory management and two making sure you have a stand by list of people who can get the vaccine if you have canceled appointments. >> exactly yeah it has been true the tireless work of our hospital operations team and pharmacy team making sure that everyone that comes here is scheduled in for an appointment and we're making sure our guiding principle has been that we have no vaccine left at the end of the day so administering every single dose. >> i want to pull up a full

screen cdc says 68 million vaccine administered across country and only 91 but 91 million have been delivered. so what is the discrepancy there and how can places do a better job at making sure that the delivered vaccines actually get administered? >> yeah it is a great question you know i think you can't underestimate complexity of the delivery operation we're really fortunate teams that we have that have done extraordinary job at getting this vaccine prepared out quickly a lot of places do not necessarily have that capability. so ting that's where sometimes the struggle is from delivery to actually getting the injection done getting people vaccinated. >> i think a k. a couple of lngszs people hoping to get one peive they're not eligible yet in the short -- in not too long from now. neil: yeah. you hope my friend you hope. brady trimmable talking about

this with rates backing up and at least the case of the dow, continue to sell off today not to s&p 500 what is happening elsewhere but you know, this concern goes way beyond the cost of borrowing, it extends to what you are borrowing it for like a house. it has gotten a lot more expensive a lot more, so much more. some are having to cancel their -- own contracts -- or have them canceled on them because of it. after this. ♪ ♪ this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity.

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and help make a hospital come to you, instead of you going to it. so when it comes to your business, you know we'll stop at nothing. neil: all right it is getting more to get a home these days not talking about financing part of it with mortgage rates back up a tad but talking about home

itself and stuff you take to build it like wood like lumber and gotten so incredible that a lot of contracts are canceled as we speak because price wasn't what it was supposed to be at the beginning lidia following off that in madison, new jersey hey lidia. >> hi there neil. we are talking to the owners of jaeger lumber here in madison new jersey about what it is doing to the price of lumber here at their lumberyard they say take for example this two by four here before the pandemic, this would run you about $4 now, it is going to cost you around $750 and now it is $39 now during the course of the pandemic we've really just seen the commodity price for lumber skyrocket across 1,000 dollar per thousand foot mark last week and a year ago it was less than half it have that. because demand is just soaring right now, take a look at the drone video we have set up for you a look at jaeger lumber you

can see racks here they are stacked with lumber but the owner tells me that the supply chains are actually very tight right now. he's actually concerned about the possibility of running out of lumber during the third quarter and he just take advantage of the high demand and high prices. >> we would be able to grow ourselves further if we can take on some of the bigger projects but it is too risky to go out to commit to a project that might be tbhongts down the road if we don't know if we're tiebl supply it. now as you said affecting home building according to national home builders association they say that increase lumber costs are adding about $24,000 to the price tag of a new home right now. back to you, neil. neil: lidia thank you very much. lidia in madison, new jersey scott back with us and as stepping back with us -- that sounds like some clear inflationary pressure guys. does it worry you, scott?

>> no, you know what, neil ping we've got there's a lot of folks who want to say we have a commodity supercycle building yes we have supply and demand concerns but when it comes to row crops we regrow those and one bumper crop from taking that out and yes we'll get through this housing thing it is a sugar high folks are leaving cities to go out to places they'll feel more comfortable because of the pandemic we'll wait and see if that is more studied but number three is you know, there's a lot of wall street funds out there that are piling into commodities because they're anticipating inflation, and they're kind of driving the price up on themselves anyway. so you've got a new investor that's not normally in the commodity market looking for a place to hedge against or against inflation because these things go up in price if we do see that. so that's put another interesting thing. so look, this reopening -- euphoria we're all talking about right now who knows how long it last but a snake that's going

eat a bowling bowl economy wasn't on great, you know, we have great unemployment numbers with donald trump before the pandemic. but there were other parts of the economy that weren't doing that well. so as this bowling ball works through the snake, at some point and time we have to wake up, realize that we have what we pass had had 1.9 trillion dollar stimulus stimulus bill, and we're back to the same old problems we have before, and we're further bankrupt and my grandkids are even further bankrupt so i think that we have to be very careful about thinking this is the way it will be forever. yes we're going to have euphoria for reopening but we have to really address other problems and that i think the stimulus is not right way to do it and all short-term i think the inflation can be short-term too. >> you've got me on this snake and bowling ball thing just picturing snake like my god i've swallowed a bowling ball. [laughter] if and it is -- i'm wondering, though, if it is something more per vasive going on here and i certainly hope that, you know, scott is right. but with the supply chain disruptions i guess the president wants to address the executive order like --

one you're going to mask all of that way. but we do have these serious disruptions it is happening in ships, on the same ships to be hitting the autoindustry that use those ships to computer industry that usings those. and a host of food stuff that are impacting all of that stuff. it seems to be percolating in a variety of areas should we worry? >> right look, it is -- we just lived through and we are still living through hope think we see the end of it hence euphoria of one of the largest pandemics in last century it would be shocking to me if there weren't long-term effects and specifically i think to the lumber and housing, yeem, i do think people are moving -- into totally different places in the united states. ting that's probably going to persist i don't believe everybody is going to rush back into new york city -- you know into l.a., and into some of these cities immediately

after the pandemic. so i'm just glad i'm not an economist and glad people are spending their time home improving -- instead of i just worked a lot and watch a lot of netflix that seems to be a more productive way to spend your pandemic time improving your home. but -- but i do -- i would be shocking to me just -- generally if there weren't massive long-term effects and supply chains but across the economy. this is going to change a whole bunch of aspects of the economy, and we'll see i don't think it is going to go back to way it was. i think we have to wait to see how it affects of the pandemic are -- like end up being long-term, versus the immediate focus on which is the pandemic itself. we haven't a lot of us haven't even had the time to think about deeper effects five, ten, 20 years from now. >> yeah. meantime i'm trying look at bowling ball features and see ow they're doing ions and scott

great having you on brought expertise that we need. i do want to pass along something that was expected. but u.s. intelligence that report on the killing of the -- washington post journalist khashoggi has concluded that saudi arabia crowned prince was behind that that report all of four pages by the way saying directly involved in reporting back to the crown prince on the 2018 operation to kill khashoggi as well as members of protected detail also noted crown prince's personal support for using violent measures to silence distance abroad including khashoggi positive more than 24 hours after joe biden had an opportunity to talk threetion on the phone -- with the crown prince's father -- not essentially about this. but that ongoing saudi arabia relations others are saying that saudi should be punished for

this act, and that we should not forget the brutality of this act. a little more after this.

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neil: all right, taking a little of so-called stock after gamestop they're all trending down a little bit here today. but this is relative entertainment in order after the craziness, i mean, it just -- manic what's going on there. and if you're expecting that to end any time soon i guess the charlie gasparino don't and host of developments in this sector right so craziness ensues. >> neil is kind of like ripped the bandage off of smm interesting issues in the market this whole thing that force people to look at settlement too many whether it should be faster not two days or zero day, and other issues the sort of anomalies and one interesting anomaly is this neil. i don't know if you know this but the fec considers a

speculative penny stock something that you the average investor should say away from $5 a share. okay so if you trade below $5 a share, you're considered speculative in the fec eyes and they don't want you dabbling in that, however, new york stocks exchange and nasdaq have some weird listing requirements which allow companies with stock that trades below $5 a share, to lift on their exchanges and if they can lift on exchanges gamestop is a new york stocks egg change stock when it was trading at $4 a share or $3 a share. late last summer it was still listed on the new york stocks exchange new york stock exchange list penny stocks -- and why do hay do those there's a lot of reasons, you know, they'll tell you because of trading volume it is complicated but still has some people worried including people at the security exchange commission from what i understand who are at least reviewing from what i

understand, and you know, we don't know exactly what is going to come out of this. but this has been brought to their attention this anomaly that penny stocks are listed on exchanges thus they can't trade on trading apps like trading platforms like robyn and schwab may reevaluate listing starngdz and review why -- why speculative penny stocks that trade below $5 and all of those stocks did, amc blackberry, even gamestop they did before massive runups why they remain listed on exchange and simple, simple issue is this if they weren't traded and if you couldn't trade those stocks and robinhood because there's penny stocks robinhood will only -- only allow you to trade listed stocks even if they're penny stocks but if they were not listed we probably wouldn't have had what we have today so i can tell you this. the fec is looking at this. iemg not saying they're going delist stocks i don't know but what i understand they may reevaluate the listing standards

of the new york stocks exchange on penny stocks and it is fascinating we went back and look at some of the numbers there are just, i mean -- i'm going to get the numbers later on today we'll probably do it in a future broadcast i'm claiming but there are dozens and dozens of penny stocks to trade on new york stocks exchange i never knew that. it is new york stocks exchange supposed to be gold standard, i mean, and you can dabble in penny stock there is in it is fascinating fascinating and remember as long as it is listed you can trade it on schwab and robinhood that what is they are worried about here if thee these weren't listed we wouldn't have insan city of the last couple of weeks. but anyway i'll be back with you. >> can you imagine charlie sorry jumping on you but if they delist these, you talk about raising holy hell -- >> can't delist them now -- require revolt -- >> they can't delist them now they're not trading penny stock right now but before --

>> if they were to make a move and if that would create upward like -- >> well they would have -- do it if they fall below $5 a share and theory is, remember gamestop in the summer was $5 -- well below $5 a share. and i think i believe amc was. >> get there in fast market conditions charlie for a nanosecond and bounce back up it is a -- a wonder. >> that's what they don't like. neil: yeah. yeah. >> for the summer if you look at summer trading of gamestop it was pretty a flat line and just went nuts right -- so, i mean, theory here is -- the sort of fundamental of gamestop, you know, suggest that it is a penny stock and because that's where traded long-term not at $500 a share. so if -- it was delisted in the summer, we wouldn't have had what happened here that's the thinking here. so it is the fec division of

markets, and stocks, it's a division at the fec market division, that will from what i understand be, could be taken a look at this, and could be weighing on it we should point the fec has no comment nasdaq has no comment on new york stock exchange has no comment. neil back to you. neil: charlie my teenage son did a comment for you they don't like you bashing gamestop, who is he to criticize the cool stuff that gamestop has, and i reminded him that you find that it is dinosaur and he said he's nuts and he's wrong but -- just wanted to pass that along. >> when was last time your kids went into a gamestop store? that's what -- >> two days ago. j i bet not. they downloaded it. >> all right are you saying my son is lying? >> all right. all right. >> i guarantee you he doesn't and that's why it was a penny

stock. >> this is a shopping center near my house. >> they're telling we have to go but you keep talking to me. neil: tell them just to sit tight it is cable for god's sakes we'll have more after this. a little joke. ♪ ♪ (upbeat music) ♪ ♪ ♪ ♪ ♪ ♪

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neil: all right if you're in that canvas streaming future for entertainment power houses what they have to offer there and best libraries and how they want to get it to you that is sort of the focus because you're right now going to be that way over at viacom cbs president ceo my next friend is going to be interviewing later, jack otter editor at large round table tonight at 10 p.m. good to see you again this is quite the cue to talk to him right now because this is all of the rage, isn't it? >> yeah good to see you again too neil you and i are an old fashion thing called linear tv

and kids are into streams to cbs trying to catch up with that trend launching paramount plus next week, and the thing is they're late to the game right you have netflix disney plus which is huge, then you've got all of the others pluto and hulu owned by cbs, but it is a -- competitive space and they are not exactly the first movers here. so they've got some catching up to do. neil: i'm wondering, i mean, disney now gets more attention for how many customers it brings to its streaming site, and how many customers it is or isn't getting at its, you know, theme park sites like disney world that tells you all you need to know? >> sure, well i will say i think the street and everyone is given disney a bit of a pass right now they understand why the live park business is not going too well. and they think that will surge back as people -- you know, how many people want to go to disney world right now they know that revenue stream is coming back. question was could they pull off

this disney plus with this massive competitor in netflix, and, of course, they surprised everybody to the upside with those great numbers. i think disney is around $80 million right now, and those are paying subs. cbs has pluto with about 40 million but they're not paying that free service. so how we cannily can they ramp up paramount plus their new offering is the question. and, of course, how many different services will we all pay for? right? you know i think netflix is first mover most of us subscribe there and children, disney plus is probably a must see. but how many more do you want to add now i will say you're showing the stock price right now of viacom cbs, just before thanksgiving that stock was selling for about $30. so the street clearly -- clearly like what is they're doing, and the company is still cheap compared to netflix. so maybe there's farther to go but it is also important to remember you and i -- we work for you work for company i'm on lucky to be on tv with you. and the media mogul running this

shop decided that at $7 1 billion his entertainment wasn't big enough to scale and sold to dis i-in can cbs only worth about $38 billion that exclude everything is that big enough to compete these days that's the question that it faces. neil: they all discover that they have quite an arsenal of programming special and otherwise, and they've marketed. and then if you have a good deal of offerings, it might not be disney it might not be netflix but a lot of guy dos have some core offering saying that's them. that's them right? >> sure. so they've got pair mount studios that turn out good movies enormous library from all of cbs television. and they also are claiming we'll see if this works that they're going to differentiate sports and news those are interesting because it is really only reason

you have to tune in to tv at a certain time right everything is on demand so sports so a big plus for them and this will be an interesting move because sports really hasn't made it into streaming yet for obvious reasons see if they can pull that off. >> you're on demand jack otter editor at large round table again with this big interview here looking at a trend there that's speaking of considerable seems. whether viacom cbs is ultimate winner there i guess we'll see early on -- we'll have more. your daily dashboard from fidelity -- a visual snapshot of your investments, key portfolio events, all in one place. because when it's decision time, you need decision tech. only from fidelity. ...

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and i have sofi to thank for that. ♪♪ neil: all right, i wanted to leave charles payne in better shape here, the dow down 348 points, to charles, hey, buddy. charles: you know, i love it like this , neil, thank you so much have a great weekend. good afternoon, everyone. i'm charles payne. this is "making money" breaking right now neil just mentioned it wild gyrations that continue for the stock market as the major indices all of them are bouncing around a very wild trading ranges and it's an amazing gut check that i happen to think has major benefits for investors and for traders. we learned a lot even if we have to learn it the hard way. the big question most of you have though is pretty simple, buy, sell or hold and i'll address the biggest mistake new investors make, in a house set to vote on that $2 trillion covid