vaccines, any credit to governor desantis or governor abbott of texas for opening up the economy so bravely and getting things moving? i wonder who our president will give credit to? my time completely up. look who is here, dagen mcdowell in for neil. dagen: stuart, i can answer the question. the answer is no, no, no, no the cupboard was bare. even though one quarter of americans have gotten a show. i digress. welcome to cavuto "coast to coast." i'm in for neil cavuto. the $1.9 trillion stimulus bill goes to the house for a final vote. nasdaq suffering again this day, on the pandemic front, the cdc finally issuing its

recommendations for people who are fully vaccinated can do and what is still off limits. plus new york governor andy cuomo is facing a barrage of calls for his resignation as he defends himself against allegations on multiple fronts. i will speak to new york governor george pataki whether como could be impeached. dow industrials nearing a record high. another choppy trading session. look at big tech stock. most are paring losses trying to shake off inflation worries but apple is down roughly 3%. checking in on the 10-year treasury, on pace for a 13-month high on the yield. it is below that 1.6% mark on the 10-year yield but still troublesome for stock investors. the market seeing positive trends on vaccination and economic front on a week which marks one year since the global pandemic. get to capitalist pig hedge fund manager jonathan hoenig and

annandale capital ceo, george seay. welcome, gentlemen. jonathan what do you make of the reaction in the markets? reaction to the high growth stocks, higher yield on the 10-year? >> yeah. dagen: do we continue pattern selling off stocks, higher yield in treasurys? >> dagen, we're seeing something we haven't seen in the market for a long time, that is lower tech stocks as you said, higher interest rates and higher bond yields. apple gone from 140 to 117. tesla from 750 down to 580. interest rates 13-month high. the 30-year is nearly doubled. the reason for caution. beyond anything fundamental. it is about liquidity. why do i know that? i see gold selling off even in the face of higher inflation and higher interest rates. warren buffett said it best in this case, dagen. he talked about liquidity being a test to see who is naked when the tide rolls out.

time for caution, you're seeing the tide roll out. dagen: george, how do you see it, no pun intended, sir? >> good morning, dagen. it is pretty clear the long expected rotation from megacap tech stocks and speculative growth stocks from value stocks and cyclical stocks which will benefit greatly from the stimulus high in the economy next six to nine months is real. it has legs. that is exactly what is going on right now. you have a significant sell-off in the tech stocks. you look at the dow, says full speed ahead for the economy and stock market both. investors will have to be more balanced than what they hold in their portfolios. not be so focused on growth stocks which they have been for years. dagen: to at that point, jonathan, if you're worried about inflation owning stocks is not a bad investment, not a bad decision in the sense that companies can raise prices to a point and it gives you that

inflation hedge. do you see it that way? >> yeah. he is absolutelily right there are areas of the market performing well that haven't done well in a long time. value, even a lot of financials. more than anything now is the time for diversification but names like tesla, names like apple, become so ubiquitous, it is almost hard to avoid them. they have become large, dominant points of major indices. look under the hood, value, emerging markets and financials are three areas to lookh to diverse your portfolio? dagen: how high is high in the treasury? long-term treasury rates falling when i was in high school, that has been the case and at some point i think people thought it would happen years ago, that it would reverse but at some point it will, and so, how high is too high on the 10 year yield, at least in the short run?

>> in the short run above two is too high that would result in a major selloff n the long run it is much higher than that. i can remember the 10-year was 17% in 1980. we're nowhere near those kind of numbers. this is a short term overreaction. i would go back to what jonathan said, based statistically, in periods of rising inflation and interest rates, commodities perform the best, general equities are a distant third. people who have the opportunity to own commodity stocks, this is not just a trade but an investment for the next couple of years. dagen: people always say that. kneel says it too, i remember when mortgage rates it, was double-digit mortgage rate or double-digit 10-year yield but like 17 million-dollar house, tiny little victorrian house for sale out in aspen, colorado, that house sold for $75,000 when rates were double digits. so there is a big price change

that needs to happen if rates go back to those levels. in the short run not happening. we'll see you shortly, both of y'all, jonathan hoenig and george seay, we'll bring you back a little later. our other top story the cdc is revealing recommendations for what fully vaccinated people in the u.s. should and shouldn't do. fox news correspond jonathan serrie with the latest. reporter: dagen these are individuals fully vaccinated, involving private gatherings in mostly private homes. let's take a look at what the cdc is recommending for these sits. the activities they can do indoor visits without masks visiting with other fully vaccinated individuals or with members after single household who are unvaccinated but at low risk for complications if they acquire covid-19. now if these vaccinated persons are exposed to someone infected with covid vaccinated people no

longer need to be quarantined or tested as long as they remain aye symptomatic. 59 million americans received one dose of vaccine. more than 30 million of those have been fully vaccinated. that is 9.2% of the population achieving maximum protection against the coronavirus. as vaccination ramps up researchers are also making progress with potential treatments for those who become infected with covid-19. a pill developed by merck and ridge back bio therapeutics is showing early success in clinical trials reducing effect of coronavirus in patients. this pill would work similar to tamiflu combating the flu. some would develop symptoms. they get tested, if they test positive for the coronavirus they take this pill and it presumably would reduce the duration and severity of the infection.

dagen, back to you. dagen: jonathan, thank you for that. jonathan serrie in atlanta for us. now to the stimulus showdown. president biden's $1.9 trillion package is set for a final house vote tomorrow and the committee for a responsible federal budget estimates nearly one trillion of the previous stimulus packages, that's still unspent. to edward lawrence in washington with the very latest on this. hey, ed. reporter: dagen. republicans are reeling after the senate passed american rescue plan down party lines. tomorrow or wednesday or thursday, but tomorrow the house will vote on the changed bill. it will go to the president's desk, with as republicans say less than half the covid targeted spending in it. >> this one could have been bipartisan. in fact we had 48 out of 49 republicans vote for a package that was needed, it was targeted. it would have been about a third the cost of this one.

reporter: what i really want to show you what money is unspent, leftover from the help passed last year. see on the graphic. almost all of the targeted help has been spent, targeted help. if you look at the other stuff, loan programs and other income support like renters assistance, there is a lot left over, about a trillion dollars according to the committee for a responsible federal budget. adding another $1.9 trillion on to this will balloon the debt. senior policy director mark goldwine says a targeted package would be smarter fiscal planning because we'll have to pay for this through taxes or borrowing at some point. >> each year the amount the federal government spends on interest costs goes up little by little. each year income will grow a bit slower than we thought. 30 years from now the congressional budget office estimates the debt will be twice as large as the economy. that is a generous estimate, assuming from here on out

congress acts fiscally responsibly. we're in for a rude awakening. reporter: he sells all the money allocated for schools has not been allocated. that indicates to him more school spending in the american rescue plan, may not be needed and potentially a debt bubble that will eventually burst. dagen: thank you so much, edward lawrence in washington. many concerns and questions over where exactly all the stimulus money will be going. joining me former congressional budget office director douglas holtz-eakin. good to see you. i think about two trillion dollars in pent-up savings, in excess savings for individuals, that schools will, this money to schools, because 90% of what was allocated last year has not been spent. it will be spent going out as far as i think 2028. what is the overall impact of this just massive spending plan?

>> well, i think it is important to recognize that prior to this the congress, the republicans and democrats on a bipartisan basis, had done things very well-timed. they moved when they had to. they were buy and large well-designed. which were appropriately scaled. there was large as they needed to be for the problem. in some cases that was quite dramatic. this is anything but that. this is something that is happening when the economy is already recovering. it will recover. not in recession. we don't need stimulus. it is not well-designed. look at the christmas try of political priorities, not response to covid vaccine problem. and, it is very, very large. this is two trillion dollars. it is going to initially flow into you know, places where there is no particular need, whether it is the schools or the states and localities or some individuals who have not missed a day of work. they will stick it in a savings account. they might get bored, decide to stick it in the stock market. the very first thing you will see some impact on asset prices.

commodities, houses, equities. you worry that the fallout of that is, financial instability that forces the fed's hands. that is to me the quickest initial risk. further down the line we'll see big increase in consumer spending as pressure on prices there. but i don't think that happens for a little while. dagen: "the wall street journal" today had a op-ed entitled, the covid welfare state. if you think of the political motivation of this two trillion dollar spending plan on top of the three trillion passed last year, it is an expansion of government that could very well be permanent. so again, if you're talking about democrats, control is power. they get in, they get into politics for the power. so how do you insure that you always have control in power? you create this vast welfare state. and that is really what they're doing. it is the beginning of it in this particular bill.

>> so again you've heard many economists say during the course of the past year, look, if we have to borrow some money to fight the virus and fight the economic fallout of the virus that is appropriate. that is not what this is. this is in cases borrowing to set up permanent new programs should be paid for. they should be debated on the floor of the house and senate. paid for with spending cuts or tax increases as the chips may fall. this is none of that. this is borrowing enormous amounts of money to set up large new social welfare state programs. so the social safety net is really expanding here. that i think is an inappropriate thing to do at this point in time. dagen: i'm going through the programs. even "the new york times" wrote about it but it is essentially guaranteed income in the form of the households will now get a fully refundable tax credit for each kid. $3,000 for those up to the age of 17, fully refundable. so that, therein lies, earned

income tax credit is now applied to people who don't have earnings, who are not working. that goes against what it is meant to be. it also expands the subsidy for obamacare. so you sweeten that subsidy, and it applies to people who, incentive for them not to go back to work. >> yeah. this isn't complicated. we've been concerned about getting the american labor force back into their jobs and if you continually stack the deck and make not working more generous than working, that is not going to happen. we're going to be having a conversation two years, gee, why didn't all these people come back into the lable born force? why don't we have the jobs we had even two years ago? it will be because of expansions in the not working part of the financial benefit. we see unemployment insurance system. now we see it more broadly. dagen: this is why president obama and vice president bide's economy never grew at even 3% in

any calendar year in the eight years obama was in the white house. there was 99 weeks of unemployment benefits at one point and you had, had more and have-nots had less, there was a widening income inequality. it is because of discouraging people from going back to work and inflating asset prices. because of the reliance on the federal reserve. it looks like we're doomed to repeat it again. even in a worse way. >> as i said i find this very disappointing to date, republicans and democrats did the right thing. they responded to the crisis prepare atly. i think every american should have been proud of actions taken in 2020. this gets, this gets 2021 off on the wrong foot t raises some real downside risks. dagen: spike in gas prices. people are, people who have to, who were on limited income ho have to actually commute to work, not happy. doug, good to see you.

douglas holtz-eakin always. >> thank you. dagen: coming up new york governor andrew cuomo refusing to resign despite members from both parties asking him to step down. is impeachment on the table? more after this. ♪. ♪ limu emu & doug ♪ hey limu! [ squawks ] how great is it that we get to tell everybody how liberty mutual customizes your car insurance so you only pay for what you need? i mean it... oh, sorry... [ laughter ] woops! [ laughter ] good evening! meow! nope. oh... what? i'm an emu! ah ha ha. no, buddy! buddy, it's a filter! only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪

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♪. >> that was the beginning and we made it through. it was a long year t was a hard year. it was a challenging year. it was a frightening year. it was a painful year. death, suffering, anxiety, loss, but we made it through. dagen: that was new york governor andy cuomo speaking at a mass vaccination site a short time ago, but making no comments on the 15,000 elderly in new york who died because of him because he covered it up or the harrassment scandal. nearly 50 lawmakers from both parties now say he should step down but embattled governor is refusing to resign. fox news correspondent bryan llenas is following all of this live in brooklyn. hi, bryan. reporter: hi, dagen. new york governor andrew cuomo is at the javits center. that is where he was speaking. that was a temporary hospital

before it became a mass vaccination site. his administration was criticized for not utilizing that center as a temporary hospital. not nearly enough as it could have been. he is all about business as usual, trying to push through but yesterday at a telephone news conference with reporters he was defensive. listen. >> no. there is no way i resign. let's dot attorney general investigation, let's get the findings, then we'll go from there but, i'm not going to distracted by this either. reporter: the call was held right after, right before new york's top state legislators, both democrats, announced they had turned against cuomo following new allegations of sexual harrassment over the weekend. new york's senate majority leader, andrea stuart cousins. governor cuomo must resign. new york state assembly speaker carl hasty says, we have many challenges to address. i think it is time for the governor to seriously consider

whether he can effectively meet the needs of the people of new york. over the weekend a third former aide accused cuomo of illicit behavior. anna liss said he called her sweetheart, kissed her hand, whether she had a boyfriend. karen hinton said cuomo was regularly flirtatious with employees. that cuomo hugged her inappropriately in hotel room. cuomo called hinton's account false and dismissed her as a political adversary. by fox news count, 37 lawmakers are calling for cuomo's resignation. 10 lawmakers are calling for his impeachment. as part of his response, cuomo reminded that new york democratic senator chuck schumer, kirsten gillibrand, hakim jeffries around white house press secretary-general saki reiterated his stance everyone should wait for the ag to finish the independent investigation

before casting judgment. today chuck schumer a little while ago, said the exact same thing, we need to wait for a full investigation before deciding and casting judgment. dagen? dagen: thank you so much bryan llenas in new york for us. we'll speak to the former new york governor george pataki on the impeachment possibility next hour. for the legal fallout let me bring in former u.s. attorney guy lewis. guy, i will point out all of those comments from democratic leaders, senators like kirsten gillibrand and chuck schumer, they should weigh in on the 15,000 elderly people that governor cuomo killed with his nursing home order and then, had his aides cover it up when he was writing a book and potentially withhold information, stonewall the department of justice which is now fully investigating him after the revelation that there were covering it up, the revelation by his aide, melissa derosa. but so this works on two different paths. the sexual harrassment

allegations are legally serious as well, are they not? >> they are, dagen. indeed, we've always heard coverup is worse than the crime. my problem, of course the governor said as you just reported he is not going to be distracted. i guess six, eight, 10,000 deaths is a distraction in his book. my problem is, he keeps saying wait on the state attorney general. she is dragging her feet in my view. look as a prosecutor for a long, long time i would have subpoenas out there, i would have agents conducting interviews. i would open a grand jury. none of that is occurring. instead all they have done, dagen, all they have done is issue a hold letter, which is what that is in legal, put aside the legal mum bow jump bow, that is a letter to cuomo, please if you don't mind, maintain all the documents associated with this

coverup. that could me completely totally inadequate. dagen: as a former federal prosecutor, you would start, if you're talking about nursing home coverup, by the way, john john dakis a former justice department official wrote about this, new york's willful failure to provide information may itself consitute a criminal offense, particularly if it intent to thwart a federal investigation a two-part federal investigation was started by the civil division and the civil rights division. that being said, if you're a federal prosecutor don't you start going to the aides who changed the death toll numbers last summer and you start interviewing them? because if they lie to you, that's a crime. and you will be charged with that crime. lying to investigators, even potentially obstruction of justice. you start low and you work your way up. you flip one person after another. wouldn't that be, potentially

that is going on now, we just don't know? >> well, you're exactly right, that, what you just laid out, dagen is prosecution 101 and that's what should be occurring. and indeed if it was occurring, my sense is we would hear a little bit about it. that people were being interviewed. that lawyers were being engaged. that things like that, but, you compare for example, remember, a few years ago, when governor chris, governor christie, the allegation was he closed some lanes. then they went hog-wild investigating anybody associated with that. in this case you have got thousands and thousands of deaths that weren't reported, that may have been falsely reported. i don't see any action like that. the federal government and indeed the state government ought to be all over this like crazy. dagen: governor cuomo has hired,

his administration, has hired defense attorney. i think his name is elkin a bromowitz, famous attorney in new york to represent him in the ongoing investigations. we'll see how it plays out. guy lewis, thank you. >> thanks for having me. dagen: you take care. the dow hitting all-time high. more stimulus checks could be in your mailbox soon. why more and more young people are taking the money and investing it back in the stock market. move after this. ♪. ♪ ♪ (upbeat music) ♪ ♪ ♪ ♪

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♪. dagen: welcome back to "cavuto: coast to coast." deutsche bank out with a new survey showing how much money

from u.s. stimulus checks might find its way into the stock market. half of people between ages 2to 34 invest 50% of their stimulus checks in the stock market. i'm back with capitalist pig hedge fund manager, jonathan hoenig and annandale capital ceo george seay. jonathan, would you put money, would you tell someone 25 to mid 30s, put money, half of their stimulus check into stocks at this point? >> no, dagen. i sound a little bit like uncle scrooge here, shows again, stimulus is really anything but. we learned this. look back in history. we learned this back with obama and bush back in the early 2000s. these stimulus checks are consumed or basically frittered away, invested into assets. they're not invested in new production. the money handed out in these checks is taken out of the private productive economy,

given people to too often speculate on gamestop. this is the sign of a top. so many people given money, just want to put it in very expensive stocks at this point. dagen: i say doormen trading crypto on their phones, like, just, you know, you're getting an uber and they're trading crypto on their robinhood app. that's fine. george, let me get george in here. i always tell people, many people already own, have exposure to the stock market through a 401(k) plan and but i still like the idea like you buy a few shares of stock, maybe you don't spend half of your stimulus check but it teaches people ownership economy. you're an owner in that company when you buy even one share. >> well, i salute young people who want to invest for the long term if that is what they're doing but i think most of them are probably speculating this additional stimulus, dagen, some of your viewers remember rock

candy when they were kids. that is pure crystallized sugar. this is a pure sugar high. if you ever need prima facia evidence that we've thrown the money at american people, that it isn't stimulus, it is fueling speculation anymore, this is it. if they put their money in the stock market they sure don't need this money. the economy will glow red hot. inflation will pick up. interest rates will pick up. there is a reckoning some day which a lot of our elders are wagging their fingers at us something horrible but it is probably a long way off. anybody betting against the stock market this year will be probably disappointed. too many things are pushing it higher, cyclical value stocks that react strongly to economic growth. dagen: jonathan, andy kessler has a piece in the "wall street journal" and he said you haven't seen a real bear market until you have lost 90% of their money. for new investors in this

environment, regardless of the asset you're buying, it is just a piece of paper. it's a hot potato with many of those asset classes. >> well let's talk fantasy, 90%, more realistic recent history, 40%. the s&p lost 40% in 2008 after the stimulus bill was passed. the fact that this stimulus will keep prices going up. markets anticipate the news, might anticipate the stimulus. the jury is really out whether the so-called stimulus panacea is really the long term benefit of the market needs. as you pointed out, the obama so-called recovery was the longest recovery in modern history. that is often effect of all the stimulus, all the money printing on the economy. dagen: you know what people will tell you about that 800 billion-dollar stimulus back in 2009? that it just wasn't big enough. that is why the economy

recovered so slowly because it wasn't big enough. i will point out, so we've had, with this new one it is $5 trillion pushed into this economy with the unemployment rate at 6.2%. back in 2009 the unemployment rate was two points higher. it was 8.3%. so you want to do the math in terms of how much, just how much money is flooded the system. that is a decent comparison. >> stunning. dagen: you inflate assets, eventually they explode in your face. jonathan, great to see you as always, my friend. jonathan hoenig and george seay. new fallout from the cdc, saying migrant facilities housing children can operate at full capacity. not schools, but my grant facilities. we'll be right back. and unmatched overall value. together with a dedicated advisor, you'll make a plan that can adjust as your life changes,

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♪. >> welcome back to "coast to coast," i'm grady trimble in chicago. the city is preparing for a possible influx of undocumented immigrants as more make their way into the country. as they arif in illinois they're expected to be given a lot of services that the state of illinois does provide to undocumented immigrants, including college financial aid, health care, covid housing grants. all of that provided to people who are here illegally. in addition to that the mayor of chicago, lori lightfoot, just signed an updated welcoming city or ordinance makes chicago a sanctuary city. cpd which used to be able to call i.c.e. who were undocumented immigrants, known gang members, warrants out for their arrest, or convicted felons that is not the case because of the update. republicans argue that the state of illinois, and our country can't afford an influx of migrants into the country.

on the flipside, groups that support more lenient rules on immigration, undocumented immigrants do pay taxes. as much as a billion paid to the federal government in 2018. at the state and local level here in illinois more than 700 million in the same year. that is according to the american immigration council. of course the flipside to that argument it is impossible to calculate the costs of illegal immigration on the taxpayer. dagen: grady, thank you so much for that report. grady trimble in chicago. the increasing surge of child migrants at the border getting so dire that the cdc and biden administration are allowing migrant facility housing children to fill to 100% capacity despite covid concerns. former acting customs and border protection commissioner mark morgan joins us now. the schools can't reopen at 100%. restaurants and businesses can't in most places but these facilities can. mark, what do you say? >> yeah.

dagen, first of all, i have to say this is not an influx, this is not a challenge. we are facing a crisis right now with the degree of the number of people that are trying to illegally enter the country. almost 5000 a day. so, dagen, you're spot on. this is not a irresponsible and reckless, but it was preventable. had they listened to the border security experts that called this and anticipated, this is self-inflicted wound. they disregarded all of the advice and all the expertise. they wonder why right now we have a crisis. i tell you what, this is exactly what they wanted. right now they are basically creating reception centers at our borders. as grady said, preventing i.c.e. removing them once they're here illegally. dagen: they won't call it a crisis or chaos, because this was the plan all along, mark. this is what they anticipated. they might send department of homeland security head mayorkas and susan rice to the border, for show to act like they care.

these policies put children in harm's way. it creates perverse incentive for children to risk their lives or parents to risk their children's lives. it gives aid to the human traffickers and smugglers. they got rid of the remain in mexico policy for asylum-seekers. safe third country agreements are gone. catch-and-release is back. migrants are being released into towns along the border. the state with no internal enforcement program for illegal immigrants to enter the country, this was the plan all along. >> dagen, i fully agree with everything you just said. this was the absolute plan. this is where they failed though. they didn't realize the cartels and smugglers would listen to them and business enterprise is well and adapting to the change in american policies. they didn't anticipate the skyrocketing numbers that they're seeing, but this was their plan. their plan has been to open up

borders, create reception centers at front end. dagen, this is key, they know, they know these individuals will not show up for the hearing. those that do will not comply when the judge gives them lawful order of removal. they remove 90% of i.c.e.'s ability to remove them once they remain here legally this has been the plan all along. now they're scrambling because numbers are crisis levels they didn't anticipate at. border patrol facilities, there are 6,000 people in custody. people testing for covid as releasing them into the local communities. that is what this administration caused. dagen: it will cause a greater health crisis, particularly in communities where people are being released into the population or boarding greyhound buses going north or east if you will. it is, exacerbates a economic hardship for many of these communities and i guess that's

where the biden administration will have to stand up to do something about it. it will be right and left leaders in these local communities that cannot handle these individuals, these illegal immigrants. >> dagen, that is exactly right. you mentioned something very clear, that listeners need to pay attention to. these illegal, they're doing what i call a coverup. they're trying to coverup the level of the crisis not allowing people to be released right at the border. since january over 11,000 illegal immigrants have been released into the community. all fy-20 we had less than a thousand. they're busing them throughout the interior of united states, like chicago to further coverup of the magnitude of the crisis they created. not only create reception centers at border, we've created a sanctuary country under this administration. dagen: mark, great to see you. i don't know what we do about it. we keep talking about it. bringing the facts.

mark morgan, take care of yourself. disneyland in california announced they will open last month. local businesses are at the ready to open their doors. we're joined by a business owner orange county right after this.

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(announcer) find out more at aerotrainer.com. that's aerotrainer.com. ♪. dagen: where was janet yellen? that was the question being asked as the estimate husband bill heads back to the house for final vote. fox business's charlie gasparino has more how the treasury secretary was apparently mia from all of this. charlie, how that is even possible? >> it's a great question. we're getting this from treasury staffers. these are people underneath her direct reports. the deputy treasury secretary, the assistant treasury secretaries, staffers said she was basically non-exist lent during the negotiations. she has been basically nonexistent in the white house except for a few meetings with president biden, an occasional television interview i think she did from the white house. she conducts most of her business over zoom and so does her deputies and these immediate

reports. what is interesting about this, dagen, it is direct contrast to what happened during the trump years. secretary mnuchin was extremely hands on. people did work remotely as she is doing during periods of time but when rubber meets the road, they had to do covid relief stuff, mnuchin was there. he was in the oval office a lot. he was working at treasury a lot. he was on the hill a lot. they're saying this is 180 in terms of janet yellen. we should point out why does this matter? we conduct, i'm conducting, you conduct interview with me over zoom. we can report remotely. we can do our jobs remotely. it is a little hard if you're treasury secretary i'm told. one of the problems. at least what the staffers are saying, with the negotiations for covid, why it took so long, they're was dissent even with democrats like senator mnuchin,

senator manchin of west virginia, the treasury secretary was not out there pounding the table. she is the economic point person for the administration. her lack of presence, these staffers are saying hurt then. it hurts on other issues. let's be real clear, the treasury secretary has access and needs access to confidential top secret information. it is hard to get that over emails and zoom. you kind of want to get that face-to-face. so they say this has, this has an issue. we talked to people close to yellen. she say she is completely effective working remotely. they confirmed, the top line of the story, she is different than mnuchin. she is doing most of her business via zoom. they say she is being effective. treasury secretary mnuchin is 58 years old. janet yellen is 74 years old. she is in a higher risk category

for covid. you can understand some of the precaution. we should also point out that president biden has been given his covid vaccine, the second vaccine in january. presumably you would think she has got the second one as well. we cannot confirm that. they would not confirm or deny that to us. so interesting aspect here. it is clearly something that is sticking in the craw of a lot of treasury staffers, lower level staffers. from what i understand they were in the office a lot while she and her senior staff did everything remotely, or mostly stuff remotely. back to you. dagen: thank you, charlie. ceding power. they worry about that. great to see you my friend from the nation's capital to the happiest place on earth, disneyland set to reopen its doors as soon as april 1st. much to the excitement of local business owners. darren is a owns a pizza

restaurant. florida disney world has been open since last year but not disneyland because of the california governor. derek, can you hear me, take your computer. >> there you go. thanks, dagen. we know we have a location in florida right there in kissimmee. we know all about florida. it is exciting to see that we're finally making progress here. we've been working on it since july when we were waiting for guidelines but now that we have arrived, we're excited, we're optimistically excited about seeing what happens. we're also a little cautious. we've been here before. then we gone back down to shutdown. so hopefully the vaccine is going well and it will be good for business. dagen: yeah. are people eager to get out and

eat based on what you see? >> yeah. i was speaking with some colleagues. they have the touch at disney. that has gone phenomenal response. talking to some hotellers in the area, their phones have been ringing that is super important now, hearing that positive information definitely drives an energy back into the area. dagen: that's awesome. >> the engine has been devastated over the last 12 months. so this really instills hope for not only the owners and the business owners in the surrounding community but also the thousands and tens of thousands of employees who have been furloughed or laid off. dagen: you know what? being happy makes you want to eat. dear darren, great to see you. one more hour of "coast to coast". with one companion that hedges the risks you choose

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this is decision tech. find a stock based on your interests 50 years or older? 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. ♪ ♪ ♪ dagen: welcome back to "cavuto coast to coast," i'm dagen mcdowell in for neil cavuto. the dow just hitting another all-time high, on pace to close above 32,000. let's go to fox business' susan li with more on this and some of the other top business stories that she, we are following today. [laughter] susan: hey, dagen, that's right, a record high, 32,000 for the very first time, continuing its

outperformance from last week. and some of the best performing value plays this year have been this reopening trade. is so travel, like airlines, are doing very well today. american leading the way higher after announcing a $2.5 billion bond offering this morning from american airlines while the rest of the sector should get another $14 billion in airline help in the latest trillion dollar stimulus plan. financials also rallying on higher treasury yields. the higher yields means that these banks and financials, they make more by doling out loans. and so far this year value has outperformed growth. growth names like tech such as apple by over ten percentage points so far in 2021, and that as vaccines get rolled out and states start to reopen. and this morning, numbers are monstrous for oprah's interview with prince harry and meghan markle. over 17 million tuned in last night. remember, cbs paid over $7 million for the broadcast heard

around the world and over 60 markets and reportedly selling 30-second ads for over $325,000. so 17 million in viewing numbers is monstrous in 2021 despite being much less than oprah's record-breaking interview with michael jackson back in 1993 when 60 million tuned in to prime time. also wanted to show you the surge in gamestop shares, chewy's cofounder ryan cohen is reportedly starting a new committee at gametop to find leading executives including, yes, a new cfo to help lead the shift of to online for gamestop away from bricks and mortars x that does include e-commerce fulfillment centers. the belief in cohen's gamestop turn-around plan for igniting the reddit rebellion. let's hope he delivers for a lot of these average traders out there. dagen: thank you so much, susan. as susan mentioned, airlines stocks flying higher today thanks to stimulus hopes ands a new record for daily

vaccinations in the u.s. this as merck is reporting its covid-19 drug quickly reduces symptoms of covid-19. so is travel about to get a boost this let's bring in market watchers mitch roschelle and jared levy. jared, to you first. is travel somewhere you would put more money? >> you know, by the way, it's great to see you, dagen. everything's relative when it comes to the travel stocks, right? being here in dallas, i'm pretty close to southwest airlines. i know they're bringing back a lot of pilots, looking to kale up their scheduling -- scale up their scheduling. they've already started that, so it's kind of interesting. the airlines are actually getting ahead of the curve, starting to put more planes and routes out there even though what they call the loads, the number of people on the planes, hasn't really caught up yet, they're anticipating that reopening moving forward. now, on that, i would say that it's probably best as an investor to stick with like a travel etf. i do like southwest airlines here, i do think they're a

little bit, a lot of these airlines have kind of got ahead of themselves. i think the bigger bargains are gown to be some of the travel -- going to be some of the travel resorts, obviously, the news about disneyland opening up. so that's where i would be focused. dagen: mitch, what about you? what about focusing on dividend yield because that's been the canary, the reason for the reversal in the stock market is treasuries yield is more than the s&p 500, right? >> i was on this network a month ago talking about the 10-year treasury hovering around 1 and the s&p 500 having a 50% higher dividend yield and how investors were rotating towards stocks for income, for dividends as opposed to just simply growth and, boy, what a difference a month makes. i think that that trade is sort of overplayed a little bit, and i think if you totally believe in stocks and if you look at the russelling 2000 where a lot of investors are headed, many of those aren't dividend players. so i think people are looking

more broadly at stocks. real quickly on airlines, i just wanted to weigh in there. i don't see corporate america coming back to flying, and if you look to see who pays the most for seats on planes, it's corporate america, so i wouldn't get ahead of myself on airlines right now. dagen: that is an extremely good point. we will bring you back a little bit later on other news. the fight for 15 facing major setbacks, the senate striking down senator bernie sanders' efforts to raise the federal minimum wage to $15 an hour with eight democrats voting against the measure, this as progressive democrats are threatening to withhold their support for the entire coronavirus relief bill. hillary vaughn is live from capitol hill with the very latest. hey, hillary. >> reporter: hey, dagen. it is not just republicans that have been roadblocks to progressive priorities in this bill, but moderates in their own party. senator joe manchin put the senate in a standstill over the weekend until the extra unemployment was lowered from

$400 to $300 in the covid bill, and over middle of the road democrats did not get behind senator bernie sanders' last ditch effort to raise the minimum wage to $15 an hour. and now senator joe manchin who found himself in the middle of it all is on defense. >> -- want to make sure people understand, i am in the common sense middle. that's who i am. it happened to come down to 50-50. this doesn't happen that in -- that often in our political pottstureing or our governing. and i hope it doesn't come around again for a long time. we immediate to find a way to work together -- we need to find a way to come together. >> reporter: progressives are calling this covid relief a missed opportunity for democrats. congresswoman alexandria ocasio-cortez tweeting this: imagine having the ganas to ask minimum wage workers to support you after going back on your own documented stance to help crush their biggest chance at a wage

hike? but congressman ro khanna says progressives did get one big win. >> this is an extraordinary policy that progressives very pushing -- have been pushing for decades. now, there's a disappointment that the minimum wage increase wasn't in there, it should have been in there, we're going to continue to fight. >> reporter: but, dagen, senator manchin making it clear he will still be a thorn in some democrats' side. he says he will not support whatever the next package comes up before congress whether it's infrastructure or something else, he doesn't want to pass it through reconciliation that essentially ices out republicans from needing to support it or democrats needing republicans' support. dagen? dagen: i'll point out though that joe manchin toll bret baier he wouldn't sign on on to this $2 trillion package if it wasn't bipartisan. well, he did -- [laughter] and now he's talking about the next one.

will he reverse course. hillary vaughn, thank you so much, hillary vaughn in the nation's capital. from a split on democrats to the gop looking for unity, florida republicans are trying to pitch themselves as the model for handling the coronavirus pandemic and national elections all while casting democrats as socialists. let's bring in fox news contributor kristin soltis anderson on what this could mean for future elections. kristin, what do you make of this posturing? >> well, florida is a very important state in presidential elections because it has a huge number of electoral votes, number two, because it's a place that a lot of folks are moving during this coronavirus crisis because the state has been a bit more open, because folks inside of florida say that ron desantis has done a pretty good job of handling the crisis. and you also have the with the new census numbers, florida is likely to gain at least one, if not two new representatives in the house.

there's a lot going on in florida. dagen: does it change the makeup of the electorate there? because so much of the influx in people have been, tech industry. and even though there was a lot of talk about, well, is texas going to turn blue, is trump

going to lose texas, none of those things came to pass. now, has texas become split and closer to purple than it used to be? sure. but ultimately, texas remains -- at least at this point -- a republican state. florida, similarly, did very well in many statewide elections but have hung on to almost all of the statewide races, you even had incumbent senator bill nelson lose. so florida's likely to stay a mostly republican state i think at least in the somewhat near future. dagen: but then you saw what happened in georgia, and georgia with the senate races, maybe that was an unusual situation with both republican senators losing there. but is it, you know, is georgia going to stay blue forever?

i know that the governor is not a democrat, but certainly headed in that direction. >> well, in a place like georgia where you have an enormous number of suburban voters around a place like thapt, that was ripe territory for democrats to sort of exceed expectations this year. of course in florida you have that as well. i grew up in the suburbs of orlando, you have many big suburban communities across the sun belt because of sprawl and the way construction happens there, there's a little less density. but with that said, you still have republicans, i think, being more supportive of getting things open, getting schools reopened, and that's what's leading many of these red state governors like ron desantis down in florida to sort of get a second look from the national media as they're going, well, wait a minute? why do folks in florida like ron desantis. remember early in the covid crisis, he was set up as the villain while cuomo was set up as the hero. that seems to have flipped a little bit. dagen: right. there was a "wall street journal" editorial over the weekend that allysia finley wrote, and it was the media vilify if ron desantis for rejecting harsh lockdowns, and

andy cuomo and even gavin newsom were like the golden boys. but now florida's covid numbers vindicate ron desantis and the decisions he made while its economy is thriving, and andy cuomo not only had a hand in killing 15,000 elderly residents of nursing homes, but then covered it up and has since been accused of sexual harassment. but new york's economy has been a nightmare. so has california's. you have gavin newsom standing up for the teachers union, and they're still locking kids out of schools in areas like los angeles. so a lot of it falls on ron desantis and how much of a leader does he become not just in florida politics, he is now, but national politics. >> well, it's clear republican voters have taken notice. he did quite well down at cpac which is the big conservative gathering in orlando, a little bit of a home state, home field advantage, if you will, but did quite well. and if donald trump doesn't decide to run for president in

this election cycle, desantis has to be considered one of the top tier candidates moving forward. and part of that is because of of the way the national media has really come after him. there was an article not too many weeks ago that sort of attacked him for prioritizing senior citizens in vaccine distribution as if that's not a really smart move given that we know that those over 65 are at the greatest risk for getting the most serious consequences of covid. so when he can sort of set this up and, look, the national media came for me, there's nothing republican voters love more than being able to stick the it to something like the national media. dagen: and ned lamont in connecticut has done the same thing with vaccinations, and people in the science community and even in journalism, "the wall street journal" has been talking about this for some time, keep it simple, vaccinate by anal. you start with 75 and over, 65 and over, 55 and over. don't make people sign up for appointments, just show up. if you're over a certain anal, show up -- age, show up with an

id, and we'll tick you in the arm -- is stick you in the arm a. it has worked in connecticut, and i can tell you i have relatives down in florida, and they got vaccinated in december. and while i know people who are over 75 who still haven't been advantage city admitted -- vaccinated in many states up and down the east coast. thatting being said, kristin, always good to see you. give wally a scratch for me. t not kristin's his, it's her dog. [laughter] >> he's right here at my feet. dagen: see? great to see you, as always. kristin soltis anderson. why some are saying the meghan markleing and prince harry sit-down could be a bigger problem for buckingham palace than print -- princess diana's tell-all. >> were you saint or were you silenced? -- silent or were you silenced? >> the latter. ♪

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at xfinitymobile.com/mysavings. ♪ >> high schools will reopen on monday, march 22nd, in new york city. and we're really excited about this. we are ready to go, we have all the pieces we need to bring high school back and bring it back strong. and, of course, to bring it back safely. of. dagen: new york city mayor bill

de blasio announced earlier that new york city public high schools will reopen march 22nd for some in-person learning. the reopening follows the resumption of in-person instruction at middle schools about two week ago. this is as the department of education has set a goal of resuming full-time in-person instruction the at all public schools in september. that's too long. refusing to resign, new york governor andrew cuomo saying that there is no way he steps down even if top democratic lawmakers in the state are calling for him to step aside in the wake of growing sexual harassment allegations. reaction now from former new york governor george pataki. governor, great to see you. you're not surprised that he's refusing to resign, are you? >> dagen, not at all. you know, the top democrat in albany, andrea stewart cousins, the senate majority leader, put out a scathing statement saying he must resign.

he's not going to. she talked about the good of the state. right now andrew cuomo's thinking about his survival, and i just think unless the democrats, the leadership is prepared to take the next step to remove him, he's going to be there for the next year and a half. dagen: what's the next step in terms of impeachment? they did strip over the weekend his covid emergency powers. nevertheless, what's the next step in impeachment? >> well, you know, they really didn't strip his emergency powers, they just slightly modified it and kind of a ridiculous way. he should have never been granted those powers in the first place. he didn't need them. the governor of new york has exceptional power in a crisis, and it was just an abdication by the legislature. s process of impeachment is very similar as with congress, it starts in the state assembly. i don't see the democrats doing that. the governor's going to hide behind two investigations, one by the attorney general, one by the fbi and the justice department.

i just hope those investigations move forward quickly because right now you can see the beginning of hope, you know? it's almost spring. the vaccinations are having an impact. new york is finally starting to reopen somewhat. and this this is not the time te a void of leadership, a crisis of leadership in albany, and we do right now because as the leading democrat in albany, the governor is not capable of governing. dagen: when you have chuck schumer, kirsten gillibrand, people in washington standing up for this governor, in essence, we need to wait and see what comes out of this investigation, fair enough. due process, something not afforded to other people on the right when accused of similar behavior. but since last year, since may, certainly since about may, janice dean -- who lost both of her in-laws to covid in nursing homes, and i, too, have been

talking to -- have no voice about the deaths because of governor andy cuomo and then the ensuing cover-up, the stonewalling, the funneling of the numbers. -- fudging of the numbers. we knew that this was going on. and then he had his goons personally attack janice and her sister-in-law. this is what's been going on. i suppose that -- why aren't democrats more upset about that? >> you know, dagen, to me it's mind-boggling because this is really criminal. what cuomo and his administration did with the nursing homes, you're absolutely right. they started this idiotic policy on march 25th, and i and many others on that day saying you're going to kill people. and it took them 47 days to change it. then they had to look at the numbers, and they had to lie about it. and they not only lied about it, they lied about the reason they were lying about it. if you remember, think back, they said when it finally came

to pass, when the attorney general found out that the nursing home numbers were far worse than they said, we said, well, we wanted to hide them from the trump administration because we were a afraid he'd use them for political reasons. that's another lie, because it turned out just last week that they knew those numbers in july, and they -- cuomo's inner circle, the health department put out the right numbers, and they doctored the report back in july before the trump administration even requested those numbers. and as a consequence, new york state lost some top health professionals, the public lost the knowledge of the consequences of these deaths, and hopefully the cuomo administration has lost all credibility because of all these series of lies. this is being investigated by the fbi. this, in my view, a change in numbers, doctoring the report to hide the numbers and, by the way, right at the same time cuomo's negotiating a million dollar deal to write a book about how he defeated the virus,

this is venal. this is really criminal. and if they investigate, get the phone logs, the e-mails, get the information back and forth, i think this is what in my mind unquestionably disqualifies andrew cuomo from being fit to serve. dagen: and one other thing i'll point out, trump isn't in the white house anymore. and you have a press that is now paying attention to this, and you saw the article that was in "the new york times"es last week. the "wall street journal" was on top of this all along. they wrote an article about that nursing home order the day after it was issued quoting an organization of nursing home workers saying you are going to kill people by doing this. but now you have a lot more people in government and in the media focused on the hideous, deadly, nefarious actions of andy cuomo. and i don't see how he survives this, but governor george

pataki, it's wonderful to see you. always. >> good talking to you, dagen. stay well. dagen: you as well. thank you so much. markets racing higher as the dow looks to finish at a my all-time high. -- new all-time high. more cavuto coast to coast after this. ♪ carry on. ♪ may your path be the sound of your feet upon the ground. ♪ carry on ♪♪ ♪ ♪ ♪ ♪ ♪ ♪

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♪ dagen: welcome back to "cavuto coast to coast." lawmakers now planning to send a letter to the biden administration warning that the pause on new oil and gas permits is having a negative impact on existing operations. reaction now from canary ceo dan eberhart. dan, does this make a difference in terms of policy coming out of the white house? >> it does make a difference. i think the temporary ban on drilling on federal lands

coupled with the killing of the keystone xl pipeline has put a chill in the oil and gas industry, and i think that's not helped by what's going on with the attack on saudi today, opec rolling over cuts and then just general bullishness in the market about the vaccines, all providing euphoria that's pushing oil prices up. the biden administration certainly isn't helping consumers at the pump right now. dagen: right. oil down today about $3.25 a barrel -- 1.25 a barrel. gasoline prices have gone up significantly, and i wonder if it's not people who work in the oil and gas business that will make a difference, but just outrage across this country for americans who have to commute to work are paying more, you know -- no telling how high these prices go. premium is $3.36 a gallon at the moment. would that make a difference, do you think? >> yeah, i absolutely do. i think, look, gas lean prices are going to go up end of the

summer, the spring and summer driving season from what we're seeing right now, i think it could cause a lot of pain for folks, and i think the regulatory overreach and the environmental, you know, friendly biden add managers was good for the -- administration was good for the economy, and we're about to pay more at the pump. dagen: also what about the job losses that will pile up? you heard from john kerry and the like of, oh, we'll just -- why don't you go get some retraining. if you have a job in the oil and gas business, go get retrained to work many solar which is the equivalent of telling you go to hell. you and your family, quite frankly. >> yeah. i mean that, look, that kind of statement has no place in public policy and doesn't make any sense, right? someone loses a job with company a, you don't necessarily go to industry b. and all these solar possibles are going to be -- panels are going to be made in china anyway, who are we kidding?

the reality is this is the really tough for the oil and gas industry. look, the keystone xl gas pipeline supports 10,000 jobs, this drilling on federal lands is about where 25% of drilling happens in this country. we need more drilling here so the so that the economic output stays in places like north dakota, texas and oklahoma. and the biden is just caving to the far left and simply doesn't agree. dagen: i i've said this before, this is the an administration governing for greta then -- then burg, not the american people. dan, thank you so much. now to the growing push for electric the vehicles. average monthly car payments in the united states are reaching highs as more people buy suvs and pickup trucks, but automakers are still bringing nearly 30 new electric vehicles to the market just this year. jeff flock is in north aurora, illinois, with more. jeff, this ev push is to satisfy

politicians, not folks who are actually buying cars and trucks. >> reporter: oh, you can see the winds of change blowing us here, dagen. yeah. [laughter] maybe someday electrics, but right now look at all the suvs lined up. that's where they're selling hear at riverfront in north aurora, owned by, by the way, our good friend bill who may be watching town there in fg. but his man, corey spooner, i see all jeeps, i see trucks up there. you're selling big cars, yeah? >> big trucks. a lot of new trucks. every truck we get, we're selling. >> reporter: look at the numbers, you mentioned them, dagen, as we look at the jeeps and the rest. take a look at numbers on car a payments. $576, the average new car payment. to me, that ease craziment used cars, $400 plus. i mean, the people are willing to pay this, right? >> they are. they want the newer technology, and they're the willing to pay for it. >> reporter: i don't see a lot of electric vehicles out here,

but if we look at evs, they say last year it was about 2% of the market, this year close to 4% of the market and, you know, with people buying evs, they say i'll buy another one. there was a survey done by aaa, they say people who bought evs, it's their first choice of transportation even when they have a gas-powered vehicle, and they tend not to run out of gas. >> no. and we're selling more evs than we are the regular gas models, and the more we get in, the more we're selling. >> reporter: is that right? >> yes, sir. >> reporter: the future may be evs, dagen. not too many ev race cars out there. i don't think that makes you very happy, does it? dagen: i actually owned a gas electric hybrid, and it had a fake engine noise. it made fake noise -- [background sounds] dagen: yeah, exactly. it's running off an electric motor, and you think you're being a bad asss, and it's just -- ass, and it's just a

fake noise. >> reporter: doesn't matter how you look, it's how you sound. there you go. dagen: give me a naturally-as painted engine with an internal combustion engine any day. but i'm old. jeff flock -- >> reporter: i'm with you. i'm with you. i'm older than you are. dagen: thank you so much. [laughter] jeff, good to see you, my friend. coming up, speaking of electric, how tesla is reportedly planning to help the lone star state solve its power problem. the details, if there are any, after the break. ♪ ♪ i got one less problem without ya ♪♪

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mitch, how would you allocate money in this environment? >> you know, if you look at the growth companies, nothing's fundamentally changed with them and their prospects, quite honestly, as the economy opens up are even brighter. so i don't really get the or buy into the running away from these growth names. we're not going to stop, you know, downloading and streaming stuff just because we can leave the house for the first time. but i also am a big with believer in the broader market, because i think too much wealth has been concentrated in a couple of names. i'd say allocate very, very broadly, but don't run away from the big tech names because they got most investors where they are, and they'll continue to be with the investors for the long haul. dagen: jared, do you agree with mitch? >> to an extent. i'm pulling some money off of the fangs of the world, right? they've done so well, you know, and a lot of tech names, you know, you talk -- i think you're going to talk about tesla,

tesla's stock i actually like here. i like johnson & johnson here, i like some of those value plays. i like gm, you know, you talked with jeff flock about this gravitation to ev. gm really putting its foot forward in that marketplace. and as much a, listen, i love internal combustion too, but that's an area, ev market, electric storage, there's something there. and i think over the long term there's still a lot of value, if you will, and potential growth left in that area. dagen: but, mitch, aren't you -- like, you look at the 0-year and what it's -- 10-year and what it's done, aren't you worried about this massive amoun amo ouo st lwe heaveav nern fooioing int i theoo mokeokett whju2 $2ll $2 $22 jt just herere in exc esxcxcavgs itg ittoing e snt s? wee gg tooile pn ano aer ri tiolliondnd lot of o tfhishis mo 't isn'tsn nee nd. $3 $3 bli btatendocalal vementrnme wntrnntrn y'vot tax renues areesre hhe hrigha tthhah rerere p panmianel l ins ins i

placac like lifornia? j lik lsss fikeik runaway infytion in thethe mak %. aave talkedalkebout it i a withthth cash,ase're doing it at a time when the economy is turning around awe on its own. all on it own. it's great that money will enhance the savings rate. a lot of money is pouring into the market. you talked about that earlier. that really frightens me. at the end of the day, this is textbook grounds for inflation, and it's, i think it's starting to get priced into the 10 is-year treasury. but i am definitely afraid of inflation, because i grew up with it in the '70s and it wasn't pretty, and we could see it again. the fact pattern's very similar to what it was like when i was graduating from high school. teag craig it feels that way, you know, bad market, bad fashion is how i remember the '70s. and it's not all green in the

market. tesla shares, i mentioned them briefly, erasing earlier gains amidst plans the company's trying to build a mega battery. you want to add to that, jared? you brought tesla up. >> i did. so i love the company, know a lot about it. i can tell you the bar grid is a nightmare. i live in texas. i'm talking about all three grids, absolutely zero storage. i think tesla's -- listen, they've got their hands in a lot of pots people don't get. they focus on the car business, that's really not what this company is. we're going to see a lot more of these storage centers popping up. the real win for companies -- it's not just going to be tesla, it's going to be your home battery system, right? that's the way we're going. and if tesla plays its cards right, which i think it is, it's going to be not even the majority player, but a large player in that space. and, frankly, the selloff is a little bit off to me today. i think what they're doing is smart in the long term. in the near term, yeah, it's a

buying opportunity, in my opinion. dagen: mitch, final word to you on tesla or whatever. [laughter] >> no, i agree. i think at the end of the day when we start talking about tesla, we're going to talk about them as an energy company in many respects, not necessarily a car company. and the story today about what's going on in texas, i think, is the tip of the iceberg for what that company's capable of doing down the road. dagen: indeed. i say it like the former top gear host, tesla. [laughter] good to see you both, mitch roh shell, jared levy. take care of yourself. after the break, new data shows that the crushing impact the pandemic has had on women's employment, why the shutdown over schools could be accelerating that trend as lawmakers look to get the doors back open. ♪ for the longest -- ♪ i'm that voice you're hearing in the hall. ♪ and the greatest miracle of

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♪ ♪ dagen: the pandemic has affected all americans in some way, in many ways, but women in the

workplace have seemed to have been hit the hardest with labor force participation hitting 33-year lows within the last year. lydia hu is in brooklyn with more. hey, lydia. >> reporter: there, dagen. we know over the past year roughly 2 the.5 million women have left the work force, that compares to about 1.5 million men, so it just shows you the disproportionate impact on women that the pandemic has had. we're at pantora bridal, and we're talking about how the bridal shop has mountained its viability over the past -- maintained its viability. when weddings had to stop, they pivoted and came out with ready to wear bridal lines that kind of catered to a bride that was getting married in the backyard, small, intimate at-home ceremonies because the big ceremonies weren't happening in the church9. she said that really helped bring in business. but she also acknowledges that not all women and women-owned

businesses had the opportunity and ability to pivot like she did, and we're seeing that reflected in the numbers. as you mentioned, the numbers of women in the work force, they're at record lows, the lowest rates since 1987, and their also reporting a worse financial state than male-owned businesses. recently we're learning this trend could have global implications. an update in the mckenzie global report is warning if there's not widespread action taken, this could collied lead to a one trillion dollar loss in global gdp by 2030. here's andrea pitter and what she had to say. >> i kind of realized how much we have to offer. women literally are the driving forces of so much, and we just don't get as much credit as we should. the people who are legitimately are driving the success of so many businesses and have the will power behind how to make things big have to take the backseat. of. >> reporter: now, the solutions are not clear or easy,

but right now it appears that as restrictions are slowly easing up, we're seeing a return to business. the hope is that the bridal salon will see more brides coming in looking for some bridal attire. if you want to learn more about andrea or pantora bridal, check out this month's issue of the knot magazine on newsstands now. but for right now, dagen, i want to know what you think about my sparkly head band. dagen: i love it. i encourage all my girlfriends who are getting married for the first time, the send or even the third to always wear a veil, because you never get a chance to wear a tiara at any other time. i love it. it's beautiful. it is great to see you, lydia, thank you so much. lydia hu. let's move on to schools being shut down. this is contributing to the story that lydia was reporting. lawmakers are now calling for a bipartisan investigation into the impact of school closures on children with disabilities.

joining me now, independent women's forum senior policy analyst, heritage foundation senior writer kelsey bo lard. great to see you. i've been talking about this throw the shutdown, that hit women disproportionately, and it was a generational setback for women in the work force. >> you're absolutely right. and the solution to this problem is actually not that complex. the first step is to reopen schools. we have known that school closures have disproportionately pulled women from the work force because whether we leak it or not -- like it or not, they are often in families the first caregivers who are going to, you know, step back and take the time to home school if they have to. the fact that schools are still closed when so many americans are now receiving the vaccines is unforgivable. we know that children, especially those with special

needs, are suffering. and i hate to admit it, but as soon as joe biden signs this so-called covid relief bill, the teachers unions will have won. they kept schools closed so that they could take in, leverage that power to get more funding, and that's exactly what they're getting. they are getting an additional $130 billion in this covid relief bill despite not even spending a fraction of the money that was allocated to them in the previous covid relief bills. dagen: that's when you elect a lifelong politician, somebody who's been in politics for 50 years, to the top job in the country. it's like -- i said it before -- muscle memory. you choose unions over children. that's where -- and women, by the way. i want to get your reaction to this really quickly. meghan markle and prince harry sat down with oprah winfrey in that explosive interview detailing their experiences within the royal family are. listen to this.

>> he won't be given security, he's not going to be given a title, and also concerns and conversations about how dark his skin might be when he's born. they were willing to lie to protect other members of the family, but they weren't willing to tell the truth to protect me and my husband. i just didn't want to be alive anymore. were you silent are or were you silenced? >> the latter. dagen: kelsey, what's your takeaway from that interview? >> i think we need to call this interview what it was, an attempt to take down the british monarchy. i don't deny that harry and meghan have legitimate grievances that they deserve to be able to share. they deserve to be able to tell us their side of the story. but the allegations that they, they put forth last night, they didn't provide any details or any practical way offering solutions to improve upon the issues that they claim they

faced. they sort of just lit the house on fire and walked away and are sitting here like -- plague as though, pretending as though they are the victims when, in fact, you know, they are living a millionaire lifestyle in hollywood now with this huge netflix deal. i mean, nobody should feel bad for the them. and i think it's kind of disgraceful to do, you know, to a family that has devoted its life to public service. again, they might have legitimate grievances, but in that interview they could have offered productive ways to improve upon the monarchy instead of just throwing flames into it and walking away. dagen: great to see you, kelsey. kelsey bolar. i've got to go back and watch it a second time. [laughter] i watched it this morning. thank you so much. the dow pulling back a little bit as it tries to close above 32,000 for the first time. we will be right back. ♪ -- the best day the of my life, my life ♪♪

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disney, jpmorgan, american express, among several companies hitting all-time highs today. nasdaq meantime just hitting session lows. people turning their back on the tech certainly last week. thanks so much for watching. neil cavuto is back tomorrow but here now, five seconds earlier charles payne. take it away, charles. charles: thank you so much, dagen, my friend, and good afternoon, everyone, i am charles payne and this is "making money." breaking right now, after some hesitation, preopening weakness the major indices all climbed higher. you heard dagen mention nasdaq falling back down. all of sudden it is about low p-e stocks. will the big tech stocks ever bounce? i don't know if i ever thought i would say that certainly right now. and another question investors are asking will powell eventually blink? a lot to unpack, a lot of different approaches to making money. itch the perfect guest for that.

the bill passes senate and