microsoft 2 1/2% higher. big tech is on a tear today but it has been down a lot recently. gamestop, there is another stock, on a tear, up 22% as we speak, $239 per share. that's gamestop. neil, it's yours. neil: thank you, my friend, very much. tuart said, technology coming back on a tear right now. more noticeable what is happening with tesla. that stock is up 14%. still deep into bear market territory. tesla, technology stocks, all going along for the same ride. this dichotomy between the two where cyclical friendly stocks tend to do better than the technology titans that that gots here, we're getting word from ocb, whatever happens on the stimulus front, indications they will vote for it tomorrow in the house, will be good not only for the united states but world.

we'll explore that in a lot more detail. let's go to cheryl casone keeping track of all of the fast moving tech developments particularly what is hping on capitol hill. reporter: intertwined neil. zero in on the nasdaq. that is the big story of the day for markets. what we're seeing good news after the index slid into correction territory, down 10% from a raise peak. that is the technical term for a correction. it has been hit 10 1/2 to the downside yesterday. the 10-year, climbed to a 13-month high yesterday. michael sheldon of rdm financial, said basically tech stocks are overdue for some kind of a bounce after the downfall. that is one thing we're seeing here. with most investors maintaining positive out look on tech stocks, medium, longer term. bullish on the group overall. the index is technically in correction even with the current rally, as you see up 434 points. but to exit correction territory

the nasdaq has to close 10% above the correction low. if today's holds firm, it could, it is only noon. it needs to finish 18,000.087. it is back in positive territory for the year. if it holds, 270 points and change, watch apple, amazon, microsoft, google. all those are adding to the rally we're seeing on the markets today. you mentioned bitcoin. the value briefly passed a billion. it is market cap went above a trillion in morning trading in singapore overnight. only second time that bitcoin value surpassed the trillion dollar level. it hit the milestone for the first time february 19th. you looked at tesla a moment ago, you mentioned it. it is climbing back right now. shares fell for the fifth straight session yesterday. it is up 14% and change right now. that selloff however, which was

interesting to watch, knocked off more than $277 billion of company's market value over the last month. tesla, other lech treich vehicle companies hit hard, due to global chip shortage. the shortage forced tesla to close its fremont, california, plant for two days. it has seen three sharp selloffs of 30% in a the span of about a month since the beginning of 2020. if you have got tesla, you're getting neil, used to having the big dramatic moves in the stock. if you can take it, enjoy it, i guess ride it out. back to you. neil: yeah. it can be literally feast or famine on this stuff. thank you very much, cheryl. cathie wood, of course who runs the arc fund, series of technology funds have been getting hammered. lost a third of their value. one certainly did this year, with the tech rout took hold in

february. she is making some of that money back, funds are up 13 to 18% thanks to some of her big holdings that include apple, alphabet, microsoft, amazon, all on a tear. let's get the read from keith fitz-gerald, fitzgerald group and rebecca walser, walser wealth management. rebecca, is the rally yesterday what's real or the huge selloff yesterday for technology, what is it? >> neil, people are taking some gains from tech and now we'll have to see some real true organic growth. obviously the new stimulus from biden will be another sugar high for the market. it will last us i think through second quarter, although i think volatility will be something that will be here for a little bit because the federal reserve is trying to get the sweet spot between stimulus and not overstimulating causing inflationary pressure because we're getting organically good news with businesses reopening, employment numbers, all those

good things. neil: intel and apple are a good reason why the dow and technology are doing as well as they are doing. they can giveth, taketh away at same time, keith. what do you make of that? >> we have a saying in our office, when in doubt zoom out. the question is not what happens over the next couple months, what you want to do is ask what happens next five or 10 years. both companies will be around doing great things. we were actually very active and going shopping. neil: so you were buying a lost beaten down technology names, all the obvious ones? >> yeah. because apple, microsoft, palantir, these are all companies that are going to do very well in the next five or 10 years. it is not just about the recovery. it is about staying out and changing our economy to our way of thinking. >> yeah. neil: you know, the organization economic cooperation of development, oecd, put out a statement, about the stimulus in the united states having a global impact.

one thing they say it will help the u.s. economy recover twice as much as earlier expected and will have a spillover effect on the entire globe and global markets were rebounding before ours on this notion. do you buy that? >> well, considering how much domestic versus foreign are targeted, i actually do buy that, neil. it is really interesting to see america be so, such a global stimulus factor which is kind of the opposite of the previous administration of the last four years. definitely a sea change and obviously if the world does better, america does better. we all do exist in the microcosm of the globe, but i obviously want to see the u.s. market and the u.s. jobs come back and you know, i am agreeing with keith, yesterday was a buying opportunity on techs, not necessarily in a 12-month time frame but definitely on longer trajectory. we definitely want to see organic reopening of the country. that is one thing that will get

us back. look at the gdp last year, 50%s from supported from the stimulus or greater. that is not sustainable. so we are excited about getting more stimulus temporarily to get these businesses back to work. neil: you know in the meantime, guys, this gamestop hear something going on in the senate banking committee we're raising the issue, we have to do something. politicians of both parties are itching to do something. we don't know what. clearly the tone seems to be a i will pull a bite from the conference ongoing, that, something has to be done. i want you to react to this. >> -- for the stock market which is supposed to be a place where a person can grow wealth by investing in companies that have good prospects but when fast-moving, high-risk speculators dominate we have a classic recipe for market disruptions. what we saw in january with gamestop and robinhood what we saw during the great recession with wall street churning out subprime mortgage-backed securities.

neil: what she is saying there, essentially, keith, we're repeating errors of the past and not acting soon enough. i'm not sure what soon enough would be, or actions she is contemplating but what do you think? >> right idea, wrong attribution. the concept of the use of markets via social media with manipulation. there are have been high speed traders back in the 1920s and 30s, there were people did things in the space of an hour. now the idea is nanoseconds. how do you control adverse speculation, very deliberate manipulation. if it is up and down that is normal. buying and selling happens all the time, computerization is inevitable accelerator of the process just like every fast facet in our life. we need to enforce existing laws. neil: you harken back to the

reagan who said i'm here from the government, i'm here to help, potentially making it worse. some of this can be complicated stuff. you're policing something but you're not quite sure what the something is, right? >> i am really skeptical of any government regulation that is intended to help because usually it has got unintended consequences. we all know that. what is interesting about gamestop, gamestop was public chat board a reaction to what they saw the hedge funds is doing. no talk about the hedge funds shorting but the fact that people use public chat boards to talk about non-public information and exercise their free right as citizens as investors, no, i'm not for this. i don't buy it. they need to look back what is really happening. people can leverage chat boards to talk about stocks they're buying and government should not be in the business of regulating that, no thank you. neil: i will put you down as a maybe on that idea. rebecca, thank you. keith, thank you. we'll talk to you a little bit later about this stimulus plans and those stimulus checks that will be out to americans hot

little hands in the next few days. i want to talk about just that, a stimulus effort should be voted on the house by the latest tomorrow with randall krazner, former federal reserve governor, university of chicago, a real smarty pants. thanks for being here. >> good to be with you. neil: i will call you dr. smarty pants. what do you say people saying about the stimulus, excessive as it might be, covid related areas, delayed in some cases for future years, it will be big and have a stimulative effect. the oecd saying it will have global impact as well. do you buy that? >> it is certainly big, no doubt about that and janet yellen said we want to go big. i think this is consistent with that and it is not just this by itself, remember there was just almost a trillion dollars that

was passed in december and roughly a year ago almost $3 trillion spent in, and so, when you put all of that together, that is a very significant fraction of gdp and, i think it will have, it will certainly boost, boost gdp but i'm not sure it is the wisest way to spend our money. eventually this has to be repaid and i think focusing on the health situation, focusing on vaccines, focusing on making sure our educational institutions and school children are able to safely go to school be educated that is super important investment for the future i would be a little more wary of all the spending right now. i think the u.s. was on a good path to begin with. neil: you know, a lot of your old colleagues at the federal reserve are saying all good things about stimulus, right? whether you're talking jerome powell, chairman all the way to district presidents who to a man

and woman have been saying, we shouldn't worry about the cost of all of this. it is big, go big. that is the way to do it this is going to be beneficial. are you surprised at that, especially with the backup in yields we've seen that had you know, panic selling going on in the stock market for a while? people feel the fed has given up the fight? what do you think? >> so i think jerome powell at the most recent hearing was a little bit more circumspect. certainly he and his other colleagues at the fed have been very supportive of stimulus. part of it is, when you are at the fed you don't want all the burdens on the fed to do everything. you want the kind of burdens to be shared. he is a little more circumspect. he and many others are seeing the economy is likely to come back reasonably strongly, we're making good progress on vaccines. the caseload is falling off and

so, i think it would be wise to be a bit circumspect that doesn't mean we shouldn't be continuing to spend on the vaccine and on the health situation. that is super important. that is what will save lives and livelihoods but i would be a little more circumspect as i think jay was more recently. neil: all right. but that is also a signal that jerome powell is not as circumspect as maybe you give him credit. that he might be deep inside but i would imagine part of him is surprised that his commitment to keep interest rates low to do anything and everything to force that, even buying presumably treasury notes and bonds to keep that happening, that enof the market is not responding? i know it is not that part of market which he has control but in the past his mere utterance of that stuff would keep the market under control and it is not now. what do you make of that? >> certainly we've seen a big backup in treasury yields. putting it in perspective,

treasury was really low last summer, down to half a percentage point. now between 1 1/2 and 2%. the u.s. economy, you know, as we were getting towards, part of the pandemic of the previous year to treasury, 10-year rates were in the same range. so the economy can do reasonably in this circumstance. the challenge, there has been such a rapid move up. the concern that is really a change in people's views about inflation. that is the key thing that powell wants to try to control. he wants to move inflation expectations up to 2% because they have been below that, but he doesn't want it to go above 2%. that is a tough thing to do to move expectations up just enough but not too much. i think that is where a number of market participants are concerned that things could get out of control. neil: all right. that's the fear. it is not evidencing itself to your point today. randall kroszner, former federal

reserve board of governors. you might notice we're at session highs, in and out of that certainly for the dow, the s&p, the nasdaq. nasdaq is storming back with big technology names like tesla up 15% today. you might recall it lost 6% yesterday. google up 3%. microsoft shy of 3%. ibm itself up a percent. this goes across the board. the nasdaq 100 up about 4%. amazon up about 4.25%. so all of those technology names are racing ahead. this is one of those rare days where the cyclical stocks, economically sensitive stocks, are in lockstep with the technology stocks. normally, this doesn't last very long and experience has been you might see it in the morning, might dissipate by early afternoon. you might see it on the day. it doesn't go two days in a row. that is the phenomena of late. we'll see if it holds today. stay with us.

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house and accommodate these migrants within our community. neil: unfortunately the mayor, nothing has changed yet. that is the concern, certainly of the border where the number of migrant minors essentially tripled the last couple of weeks and it stands to get more crowded. griff jenkins in matamoros, mexico, right at the border. what is the latest, griff? reporter: we're here at the port of entry, one of the multiple ports of entry between matamoros and princeville. any migrant from any country can come here, present with credible fear evidence, seek asylum in the u.s. you see remnants of a migrant camp spanned more than two years when migrants were forced to remain in mexico under the trump administration. one woman has been waiting for a call, been here since september of 2019. it is not what happens in the ports of entry, what happens in between them. if we go to the fox drone team

up in the sky, the major port of entree between brownsville and matamoros, the sector, rgv sector, on brownsville, texas that said, agents had 2100 apprehensions in last 24 hours. fox news confirming, story in "the new york times," number of unaccompanied children has tripled over the past two weeks. numbers like 3250, of which, neil, 1360 were held more than 72 hours, which is how long they can be held according to law because border patrol catches them, turns them over within three days to hhs. former cpb commissioner mark morgan this is all about the message that the new administration is sending south of the border. listen. >> their message is, our borders are open, come on in. when you do we're going to release you into the united states. then not deport law fully so you

can remain here illegally forever. to tell the smugglers and cartels and migrants themselves, pretty please, don't come yet, it's a joke, bill. reporter: you know, neil you play that sound bite coming into this hit with mayor bruno lazano of del rio. latest increases of unaccompanied minors in the dell requote sector is up 122%. single adults, up 153%. he is pleading with the president, what texas governor greg abbott will say in a little while. he will make the case, pleading with president biden to change policies he has undone with regard to the last administration. neil? neil: griff jenkins, thank you very, very much. want to go to texas congressman henry cuellar right now. congressman, most of the minors are unaccompanied. no one is with them. the population has tripled in last couple weeks. what do you think is going on? >> certainly we're seeing numbers go up.

we haven't hit the high points of may of 2019 or the summer of 2014 but the numbers are increasing and i was listening to what the commissioner mark morgan said. he is absolutely right about messaging. there are three messages out there, neil. number one, you have the administration saying don't come now, come later. number two, you have what i call the family friends network. they are saying, hey, guess what? we're able to get in. why don't you go ahead and follow us. the third message is from the criminal organizations are saying hey, look, come in, we can get you through. we're getting people in. three message, which one do you think they're listening to? listening to the family friend network. they're listening to the criminal organizations network. messaging that is what is working. therefore the faster we process people, the more it feeds into the system and the pipeline will continue getting bigger and

bigger, more people coming down to the border. neil: do you think the president should go down to the border? >> owe, absolutely. as you recall back in 2014 i asked president obama to go down there. certainly i think the president, i know there was a trip this weekend where they did not let any of the border, congressman and senators know they were going down there. you know, without due respect, a few hours at the border doesn't substitute to a lifetime experience of mayors like in del rio, mayor in mccall lan, mayor in laredo or ngos on the border. few hours on the border doesn't substitute for lifetime of experience. neil: do you think they're just too stubborn? they don't want to give any credit to donald trump, that he might have been right? there is a crisis at the border and you do need to look at deportations, you do need to

build walls, you do need to be cognizant that the risk you take when you, you know, go ahead and handle people's paperwork and all of that adjudication in the united states versus keeping them in mexico? this is the kind of stuff that happens? >> well, look, the title 42 was not donald trump's law. the title 42 came in in 1944, exempt you had donald trump that really publicized that. i think, my opinion, we should keep title 42 at least during this pandemic. because imagine, right now we're talking about kids, unaccompanied kids and family units. imagine if we don't use title 42, you let all the adults come in, you're talking about a very serious situation because of the pandemic that we have. the migrant protection, mpp, i think there is a way we can go ahead and reform that to make it a little more humane.

i think we can use that also because otherwise, the message, the family network message, you know, the drug organizations network message, that is what is coming through. the other things just telling people, hey don't come in now. come in later, quite honestly that doesn't work. it does not work. neil: so, real quickly, congressman, these kids, these migrant minors, who will likely go to u.s., u.s. military base in virginia was kicked around. there might be other ideas, is the idea to hook them back up with their parents, hook them back up with adults in mexico or points further south? what is going to happen? >> well we don't know exactly. we can only go back on history, what the obama admnistration has done because there hasn't been much transparency with, with the new secretary of homeland. so we really don't know but the

theory is that first of all, you don't separate. what trump did was wrong, wrong, wrong but, we should try to put them with the families together as soon as possible, but what we're seeing is, we're seeing these numbers -- neil: these kids were not separated, congressman, isn't that the difference, these kids were separate not separated, they came in alone? >> no, no. unaccompanied kids were not separated. they were separated when the family sent them over put them in the hands of the coyote. that is the other separate operation. talking about the family units that president trump separated. that was wrong but unaccompanied kids, yes they're already coming in without family in the first place. neil: because this sounds worse. this sounds much, much worse? >> well, with all due respect i think trump did where he separated families that was wrong, but again we got to find a way to address this, because the pandemic is affecting us,

look. let me put it this way. the administration in my opinion is listening to the immigration activists. that's okay but they're not listening to the border communities. the people there at the border that are being affected. that is what is missing in this agenda. they need to talk to not only the public officials, the mayors, ngos, but they need to listen to the men and women in green and blue at the border. they know what is happening. neil: didn't those same men and women in green at the border advise president barack obama to also separate these kids, these minors from relatives or, those who were perceived to be relatives as they were processing them? i mean the rap is that donald trump did all of this, far from his apologist i just find it, there is sort of rewriting of history on that you know? >> well, again, i disagree. we know what president trump did. i disagree with what he did by separating the families, the kids from the family units.

unaccompanied kids, that is something else. they were already separated but again, you know, without getting stuck on what trump did, which i disagree, we got to address this issue at the border because i'm telling you be the message is getting through. you can come in. they will process you, in 72 days with the a notice you can go anywhere into the united states is what we're seeing now. neil: valid point. congressman, thank you very much. congressman henry cuellar of texas. meantime take you to the washington, d.c., area, right now, the president of the united states is micking this push for -- making a push for stimulus package. among the goodies is ppe loans for businesses and the rest. he feels this particular hardware in the d.c. area, will be among the beneficiaries. let's listen in. >> people who shouldn't have gotten help, didn't go to folks -- you know, significance

with this new program, we'll continue this program, not only businesses with fewer than 20 folks -- [inaudible] but now we're going to keep the focus on it because a lot of minority owned businesses, women-owned businesses are increasingly significantly by 20, 15% as well as the people who are in fact weren't able to get in line before. it is hard to know how to get in line. so i hope this is going to continue to increase because we're also -- i think we're going to gain control of this virus. >> we appreciate your leadership on that. one quick point i want to make, i said we're the oldest hardware store in d.c. i say we're the greenest hardware store in america. we have two farms in and in garage and cult say the city which is a -- [inaudible]. you're not going to be able to see it from here because they

want to give away -- [inaudible]. we double -- >> we need you. >> [inaudible] >> come on, we're moving on. come on, press. [reporters shouting questions] >> tell you guys, come on. let's go. >> thanks a lot. >> [inaudible] neil: all righty then. i don't know how much came of that. wanted to dip in. personal protection loans and guidance for business that are trying to open up right now in the post-covid world, part of the big $1.9 trillion covid package. this doesn't get nearly attention it should, but one of the hallmarks certainly of government helping businesses of all types, particularly small

businesses. the president and his predecessor were both on the same page. that those are worth the money and more than pay back that money. that of course is all up for grabs tomorrow when the house likely then votes on that package. likely approves it. stay with us. ♪. ♪ ♪ ♪ ♪ ♪ ♪ so you're a small business,

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♪. neil: all right. here's the good news. for most americans, those 1400-dollar stimulus checks could be in the mail within a matter of days. here is the bad news. given what has been happening with gas prices they might have to fork over a lot of that to pay for that. jeff flock saw that phenomenon in high land, illinois. jeff what is going on there? reporter: you can always tell, neil, when the prices go up here on the illinois-indiana border, people start showing up with illinois plates at the indiana station because there is a 20 or 30-cent disparity and it makes it worth it to go across the border. a lot of states are at $3 a gallon, believe it or not.

looks at the states we're talking about. in addition to the usual suspects of hawaii and california, the states of washington, nevada, pennsylvania, already at $3 a gallon. according to our buddy at gas buddy, patrick dehaan, it is all about, some people try to blame the obama or the biden administration for this increase, about 30 cents in the last month. he says that is not true. it might be down the road but right now it is all about supply and demand. listen. >> concerns since november is that demand is recovering faster than supply. the imbalance is growing. oil inventories now, very close to where they were prior to the pandemic. gasoline inventories below where they were prior to the pandemic. so the nation's really coming roaring back but supply of crude oil is not. reporter: and that is the fear down the road, neil, is that some of the green energy policies may have an impact on that but right now this is not as a result of what is happening with the obama administration --

i don't know why i keep saying that. maybe i do. one last thing to leave you with, refinery capacity, when things are good, refineries are 90, 95% of capacity. right now they are at the lowest level of capacity, in other words refining crude oil as slowly as they have anytime since they kept track of this, 56% of the capacity. just a year ago when things were bad too, 74%. there is a lot more capacity out there. they need the crude oil, we're up 64, $65 a barrel. they say it is going higher. we have to get in balloons here. we hope it happens. recovery is on, seems like. i'm ready for it. how about you? neil: i hear you. i'm always amazed people will politicize anything. blame supply, demand phenomenon, improving economy, attach it to republican or democrats. i almost don't feel like eating

lunch. i get over it, i get over it, jeff the forget about it. reporter: can't we all just get along? i'm with you. i am in the choir, neil. neil: oh, my gosh. jeff flock, thank you very, very much. jeff in illinois, just looking at numbers, supply and demand. pickup in economic activity, boom, prices go up. keith fitz-gerald with us, rebecca walser back with us. that is the flip side of things picking up. keith, you were touching on this idea you know, that's okay. a little inflation is okay. i think as rebecca was pointing out, 2% goal on inflation. you don't want it to get much further. you don't want an uptick in gasoline prices what we saw, i'm older than both of you, in the '70s. we're far from that now. do either of you other about that? i will begin with you, keith, do you worry about a serious pickup, first off in energy inflation, what is happening in

gas, gnarl natural gas and other things. >> worry and concern are two different things. i have to look at this as a professional money person. my job is to 1/2 gate a path through this. if i'm doing my job i'm not concerned. am i worried about demand picks up faster? yes. basic commissions 101 means prices go up. people are struggling during the entire pandemic at the worst possible time. so yes, i'm extremely concerned. neil: rebecca, one of the things that could happen now is that a lot of this money, these 1400-dollar stimulus checks, people say, do one thing with the money and do quite a different thing with the money, the rap right now a lot of americans who year ago when they were considering stimulus checks said they would spend them. a good many say they will save them. a good chunk of them. lo and behold, uptick in prices, food inflation, what is

happening in the energy and gas front. how does this sort out, do you think? >> yeah. it's a great question, neil. we did see in january, with 600-dollar stimulus came out in january, we did get about 2.4% increase in person small spending in january. we see the stimulus helps people to spend money outside of rent, food, utilities, the essentials. i definitely am with keith this is a concern where we still have the federal reserve doing 120 billion per month of stimulus between mortgage-backed securities and actual teshries. you know that is -- treasurys. that is $1.3 trillion a year while the economy is starting to reopen. we need more energy. energy prices are being affected, food prices especially. the federal reserve looks ad modified cpi numbers, not necessarily looks at energy and food as well. that is what americans are looking at. unfortunately there is tough road ahead getting inflation

zoned. people still spend the dollars and looking at the pumps people are not happy. neil: no they are not. rebecca, final word. keith thank you very much. we want to pass along before we go to a break, some news we're getting on pfizer vaccine how it relates to handling the brazil variant. brazil is going through the worst of the covid crisis right now. some of the vaccines, particularly the variant in brazil, proven resilient to some of them. nowth saying, this is coming through market watch, the pfizer vaccine apparently works against that variant. that is very good news for those in brazil. right now that country is in the worst throes of the coronavirus, worse than it was back in the peak in march. worse than it has ever been. this is news that brazilians wanted to hear, and they're hearing it. let's hope they can benefit from it after this.

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neil: all right. we've reached a turning point on the vaccines that are out right now. for the first time more vaccines distributed than new cases reported of covid-19. the read on all of this from senator roger marshall, republican senator from kansas. also a physician by training. so we got a double bang for our buck here. senator, always good having you, thank you very much. what do you make of that? this is a first now where the vaccine availability eclipse that of the number of cases? >> look, we're in the acceleration phase of implementing a plan. we have three vaccines out there, gosh, i think we passed 90 million vaccinations. we're on our way. i think we can get herd immunity by april or may, if the president's team does their job and the governors do their job. neil: you talked about the point of herd immunity, can you still get that when there is still a

stubborn plurality, senator, who are leery of the vaccine and don't want to take it? >> i do. i would imagine 25 or 50% of americans have already had the virus. if we can get another 150 million vaccinated we're going to be there and what i really wanted to talk about today there is lots of good news out there, saying after one shot of the vaccination from pfizer and moderna, it achieves, 75, 90% efficiency and there is also good data saying we can delay the second shot by 12 weeks. what i'm theorizing, asking the cdc, fda, to consider, use practical knowledge, practical common sense, after we get the senior citizens vaccinated, after everybody with high-risk vaccinated, let's try to get a whole lot of people with one vaccine in them as soon as possible. neil: so the normal rationale for the two-dose vaccines, they have that feature except johnson & johnson's, it is a one-dose vaccine but the normal

rule of thumb, 21 days after your first dose you should get your second dose. you say you can actually push it out to eight weeks or more? >> the news data is saying more like 12 weeks even. what the second shot of those vaccinations does, raises it from 75% effective to 95% effective. that is well and good. that is why our senior citizens need it. those sick need it. if you can imagine if there is a finite supply of vaccine, give 200 people one shot, achieve doing that, probably 150 would be effectively vaccinated, versus giving 100 people two shots and only 90 people? there are finite number of sources and only a finite of number of people getting the vaccine. i hope the fda can consider that plan, give folks at home, some leeway, health department, state officials who to give the next round of vaccines to.

we'll save thousands of lives. neil: if you're older, senator, i want to be clear, you're recommending they not wait beyond the 21 days of first dose of all the vaccines, minus johnson & johnson's of course? >> right. i want toby careful, i'm recommending, versus asking the fda to consider. i do think senior citizens should get the second vaccine. they're most at risk. after we get our senior citizens vaccinated, that will eliminate about 80% of the hospitalizations. to get the herd immunity with, we need as many people vaccinated as we can in a short amount of time. neil: thank you very much. senator roger marshall, ogbyn by training as well, from kansas. meantime the dow is in and out of all-time highs right now. nasdaq sprinting ahead. s&p sprinting ahead. economically sensitive issues sprinting ahead. so too technology issues. a confluence of events have

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♪. neil: you know, minus disney which had a huge runup yesterday, sensitively economic issues and buoyed by disneyland in california opening up toe 15% attendance. all the technology stocks storming back. nasdaq, s&p, the dow all advancing. the dow in and out of record territory. tesla up 60% as we speak. google up two 1/3%. microsoft 1%. ibm under 1%. i could go on and on. economically sensitive issues doing quite well. a first we haven't seen in a while. they're doing quite well together. stay with us. you are watching fox business.

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responding in a statement released by buckingham palace to comments made by prince harry and meghan markle in that tell-all interview the other night in which the two revealed details, even suggested that the firm, as they call it, that controls buckingham palace, that there was great concern about the color of their baby archie's skin, markle also detailed how she was treat by the british tabloids, that it pushed her to the brink of considering suicide. now buckingham palace is putting out a statement saying the following: the whole family is saddened to learn the full extent of how challenging the last few years have been for harry and meghan. the issues raised, marley that of raise -- particularly that of race, are concerning. they are taken very seriously and will be address dod by the family privately. harry, meghan and archie will always be much-loved family members. this is the first official

response to that joint interview that prince harry and meghan markle conducted and was shown across it'ses in the united states first on sunday night and throughout britain last night. many thought that by not responding, bucking ham palace was taking a stiff upper lip to this and didn't want to give it much credence, but the world reaction, obviously, changed their posture. ashley webster joining us now. now, you could say it's just cliche, ashley, because you have the british accent, but as i told you, ashley is from brooklyn -- the. [laughter] and he joins us -- i kid, i kid. you know, ashley, you know, obviously, the royal family far more than i do. this is an unusual departure, to respond to this. what do you make of their statement? ashley: yeah. well, they were under tremendous pressure are, as you alluded to, neil, to say something in response to all of this. i think it was a very measured response. i think there are many behind

the scenes at buckingham palace who would really like to let rip but, of course, you can't do that, at least not in public even though harry and meghan did so. the fact that all the family's dirty laundry has been put out there in a two hour oprah winfrey special, i think, goes beyond the pale, i really do. what's interesting is there is perhaps more support for harry and meghan in this country but not in the u.k. to feel like this is not appropriate. and perhaps most galling of all, neil, the fact that they're complaining about how intrusive the press is, how rotten they were treated, but then they go on television for a two hour special and air all of that dirty laundry in front of tens of millions of people. oh, by the way, in a $14 million california mansion. i mean, the whole thing for those people watching this from perhaps, you know, a neutral position would say what are you complaining about? give me a breakment.

neil: you know, this got very different reaction in the states versus in britain, ashley, where a lot of people felt sympathetic to prince harry and meghan markle, that they were chased out of britain where the reaction of britain is almost overwhelmingly -- i heard one, you know, publication put it at 90 plus percent who say, meghan, don't even think of returning here. [laughter] it's that divided. ashley: i think it is. i do think at the very start of all this meghan markle and harry and the whole marriage, everything was received very positively. as you can see from these pictures, this is, of course, when arkansas was born. but -- archie was born. but they were welcomed. things obviously went downhill very quickly. she's often claimed she had no idea what she's getting into, probably true to some extent. but, you know, i don't buy all of this. i think there was of a sense certainly in the u.k., in the people i've spoken to said she's

an actress, a b actress at best, and she put on an actress' performance. she really wanted an inside into hollywood, inviting oprah winfrey, the clooneys to her wedding in wind sor even though she didn't know them. they do see her as a bit of a manipulator and that harry's being led along. harry will do whatever meghan wants him to do, and there is that perception in the u.k. neil: now, i do know -- and i'm going to be the going to another world, ashley, that this charge about someone in the royal family inquiring about the color of archie's skin, we should say meghan is of mixed race, that it didn't come from the queen, that it didn't come from harry's brother william. so it came, obviously, from someone else. and i assume the family -- ashley: right. neil: but no one has come forward on that or questioned that outside of saying heir going to look into it -- they're

going to look into it. what do you make of that? ashley: it's interesting, because the royal observers, those people whose life are it is to cover the royals, everything that they do, say, they believe, well, if it's not the king and queen, then it comes down to four people, either harry's father, prince charles, or his wife camilla or harry's brother, william and his wife, kate middleton, of course. and it comes down to those four, but we'll never know. harry says we're never going to discuss it. but it is, you know, it's out there, for sure, and the palace today saying this is something we take very seriously. but that is probably one of the most shocking revelations in all of this, painting the royal family -- at least the firm, as it is known -- as somewhat racist or at least people within that firm are racist. that's quite a charge. and to leave it hanging like that, again, doesn't win them a lot of friendsment. neil: yeah. leaving them hanging has gotten really this international uproar. ashley, thank you very much.

you can return to your brooklyn accent right now -- ashley: thanks, buddy. [laughter] neil: yeah. key adviser to boris johnson is joining me now. craig, accent notwithstanding, what do you make of this? because when i read the statement -- i've been reading it a number of times -- that the whole fam ily, this is coming from queen elizabeth, saddened to learn the full extent of how challenging the last few years have been to harry -- for harry and meghan. they say they had been ignored, so someone is, shall we say, misrepresenting reality. what are your thoughts? >> i think it's a very difficult situation, and i find it very interesting, i'm here in the u.s., and i watched the interview on sunday and saw the american responses to it, and i was very excited to see the comparison once it aired in the u.k. you know, in the u.k. i think people are seeing this as quite offensive. you know, meghan went on tv and

basically accused prince charles of being a racist, right? that's what she was saying. they went out and said it wasn't queen, it wasn't philip. it wasn't william, he's young. so basically, it's prince charles. this is a man who stepped up to the plate and walked her down the aisle when her father was absent, right? he did everything he could to welcome her to the family. yes, it is a difficult role, it's a difficult family to get get involved in. but it was very telling when she said she was very surprised to learn that the royal family are not like another hollywood family, that meeting the queen is not like meeting kris jenner. we're all saying she's telling us she didn't even google prince harry before she went on a date with him? how are we supposed to believe these things? neil: so you have your doubts about that. and i'm just wondering, craig, i mean, obviously they'll want to revisit britain, they'll want to go back. i mean, it is harry's home. how will that, how will that go

down among just brits who love the royal family? >> i imagine they'll be visiting in a private citizen capacity. i don't think we're going to see them taking a public role in anything. not only because the public if aren't necessarily going to be welcoming them too much, i think the family must be absolutely furious. you know, this is the future king of england that they have basically just called a racist, and he obviously isn't. the royal family has huge connections and relations with the commonwealth, with african countries, countries all around the world. they are, you know, the queen was one of the first people in the world, the first head of state to dance with an african lead are as we all saw in "the croup." the fact that meg manmade the asian -- meghan, harry wouldn't talk about it a at all. i don't think he was happy. neil: he did reveal that he has a frost my relationship with his

father. do you believe that? >> i can see that being the case, absolutely. i of do have sympathies for them, i just don't necessarily agree with the way they handled the situation. i think if we look at history and say the queen's sister, margaret, how she was treated, you know, being the second to the heir is never a good role to be in. so i understood that he wanted to maybe step back and do some different things. but i think the way that they went about it and i think some of the advice that he was taking from meghan who is a hollywood elite, and even the whole setup of them sitting in this sort of palatial garden with a billionaire and a princess, i thought, was just very -- especially as the world is going through a pandemic where people are losing their jobs and they're complaining they got cut off from one of the richest families in the world, i thought it was bad timing and bad taste. neil: i was surprised to learn as well, and this is a financial show, that, you know, when

prince harry discovered that he had been cut off from the royal family, that he could rely on the money left him from his mother, princess diana. i had forgotten about that. a substantial amount of money. >> yeah. he was left 10 million pounds by diana. that's still a lot of money. and the fact is, you know, when he's saying that the he was cut off financially, what that means is that he is cut off from taxpayers' money, right? my tax dollars or pounds are going to fund the royal family because they do duty, they open schools, they do things that help the community. they wanted to step back, therefore, why would i be paying for their security? this argument that they tried to make it about the security, i think it was trying to make it appeal to american audiences. security in the u.k. is not a priority, and the majority of the royal family don't have police protection. only five elected officials in the u.k. get protected by the police. so the so the fact that they're trying to make it a big security

thing and oprah was so shocked, that's not a usual thing. and we saw the same in canada. the canadians said why are we paying for your security? so i think they were trying to appeal to an american audience, and it worked. i saw a lot of people complaining, what do you mean they're not getting protected? that's not a thing we care about. neil: you're right. the new thing i've heard of, i've learned that there are rescue chickens. that was something i did not know. craig dillon, thank you very much, former top adviser to boris job soften, of course, the prime minister -- johnson, of course, the prime minister of britain. yes, the markets are higher on this latest development -- no, it has nothing to do with it, just wanted to relay that from her majesty's kingdom and her imaginey responding and let's see where we are right now between the nasdaq racing and the dow racing, a lot of it has to do with this imminent stimulus vote probably tomorrow, but hillary vaughn has a timeline, and she joins us from

capitol hill. hillary, what are you hearing on this vote? >> reporter: hi, neil. well, republicans are are still planning this covid relief bill because they say it goes above and beyond covid relief and instead is bailing out democrats' wishes while slapping taxpayers with the bill. >> one more example of speaker pelosi pushing a socialist agenda that's focused obtaining away the rights of hard working families while also bankrupting the next generation with mountains of debt that are focused not on covid relief. if you look, over 90% of the bill that they're boeing to bring back on the spending of a $1.9 trillion spending bill is not focused on covid relief. >> reporter: items that do not fall into covid relief is $85 billion set aside to bail out those who have pension plans, many unioning-held that are underfunded and owe a lot more than their assets are worth. labor and union -- last year over 70 million, almost as much

as these pension plans are getting back. senator chuck grassley said this about the provision: this bailout is not coupled with any reforms to insure the long-term sustain sustainability of the multiemployer pension system, so it's just a blank check with no measures to hold the mismanaged plans accountable. today the house democrats were not shy about what this bill does. they say it follows through in a pension promise that union workers counted on and paid into. >> i have walked on the picket lines, i have chanted one day longer, one day stronger, i've been in the union halls. i in the united states democratic caucus have a message to the union sisters and brothers, we have your back. >> reporter: and, neil, on the hill especially lately the words billion and trillion get tossed around a lot, they lose their wow factor. but to put it in perspective, $85 billion is 5% of all the total tax revenue that the u.s. government took in z in 2018, and that is just one small part

of this very big spending package. neil? neil: wow. that small a part of the total package, and that's big in itself. hillary vaughn, thank you very much. it's one of the things that has been worrying kevin brady, the foreman house ways and -- former house ways and committees chairman. first off, i want to bring our viewers' attention to what's happening at the border. governor abbott is talking about the crisis and how we've seen a surge in migrant minors, do you agree that's a crisis? >> yeah, it really is. and if you're not on the border, you don't understand it. i mean, the fivefold increase in unaccompanied kids, plus as you've said the triple of the my grants and being ap rehended, it is causing a crisis not just within the government, but within the nonprofits, the churches, the others along the border that are tasked with

taking care of these. especially now that catch and release has been reinstated, now that those -- [inaudible] if aren't waiting in mexico but are being released in the u.s. it is the causing a huge problem, and it's going to get worse. neil: i'm just wondering if any of these minors are transferred to this military base. i one was mentioned in virginia. congressman, i'm not up to speed on it as you likely are, how do you adjudicate this and get these presumably these minors back with. family members when, in fact, they, you know, family members were never with them? how do we do that? this could go on for some time. >> yeah. and i think that's why i think president trump was very clear about to central america and others do not send your kids here alone, keep them there, apply from your host country on this. it made much more sense. it is a little frustrating, i

have to admit, under president trump we are putting kids in cages, now the same facilities are simply migrant facilities. it is a little frustrating. but again, as they call it the biden border crisis in texas, it's going to have a real impact, no doubt. neil: the governor's apparently said, congressman -- sorry to make this such a large part of our discussion, but i did want to pick your brain on it -- we are talking about cartels. cartels are involved in illegal border crossingses, and others have said that the cartels are back with a vengeance. do you agree with that? >> yeah, i absolutely do. we saw that during the surges earlier, prior to president trump on this. but that wasn't just the human trafficking side of this. we see, unfortunately, a lot of sex trafficking. houston is the largest sex trafficking region in the country because of our proximity. it only gets worse during these

surges. and, you know, you have a criminal element, you do have drug trafficking as well. look, states like ours pay a very steep price for this. neil: let me switch back to what's happening in washington. i know you have serious issues with this $1.9 trillion stimulus plan, but as you know, it looks like it will get passed presumably in a house bill tomorrow, likely tomorrow. but the one thing i noticed that isn't on anybody's agenda yet is the increase in taxes, corporate taxes, taxes on the very upper income. i haven't heard a peep about that, and i'm wondering why. do you know whether the administration is negotiating with republicans to get their support on infrastructure? >> yeah. so the tack increase -- tax increases are coming, there's no question about it. they intend to pair it with an

infrastructure bill although right now, you know, they're spending almost $2 trillion with almost no impact on the economy. it's why the white house and the refuse to give us an estimate of how many jobs will be created in this nearly $2 trillion stimulus. but they're thinking before memorial day packaging tax increases on businesses, on income, perhaps on payroll, on wealth and energy in that type of bill. they don't intend to have any discussions with republicans. they've made it very clear based on this covid package they don't see a need to have any conversation with us. and maybe on the tax side for good reason. you wouldn't raise these taxes in good economic times, much less trying to recover from a pandemic. neil: so you think that the infrastructure bill will be the one in which these tax hikes are

pushed, that the corporate rate rices to 28% -- rises to 28% from 21%, all of that will occur in that package? >> yeah, that is the conventional wisdom right now. it could change, but i think democrats have seen this move so quickly without a single republican conversation that my guess is they'll run the same play over again like this covid bill. it'll actually hurt the economy as well. neil: all right. i threw a lot at you there, congressman, and you were gentleman enough to answer any and all. i appreciate that. kevin brady -- go ahead. >> oh, no. i'm just grateful we're not talking about harry and meghan on this. [laugher] so, you know, i thought that covid was the debate, man, that has kind of superseded this. neil: okay. you just bashed the british, and now that's not going to go down well, congressman. [laughter] we'll see what happens. you're lucky i didn't ask you a question.

next time, you know what? i will. [laughter] kevin brady, refusing to talk about the british controversy. very good sport. we'll keep you posted on any further fallout from this, whether prince harry and meghan markle will respond to buckingham palace responding to them. it's just a bloody mess, just a mess. after this. ♪ ♪ set me free, get my feet up off the ground. ♪ set me free muck, 'cuz i really wan to hear that sound. ♪ ♪ ♪ (upbeat music) ♪ ♪ ♪ ♪

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what is the response you have been getting on this? >> well, i think eric schmidt in missouri deserves a lot of the credit. the lawsuit was filed in missouri. the point of it is, neil, this is kind of the classic we're seeing in the environmental area, our office did file a lawsuit related to the immigration executive orders, but the bottom line is what the biden administration is trying to do is essentially use executive orders or use that process to basically do an end run around congress. and when it comes to these types of cost benefit regulation that deal with environmental regulations, what you're essentially doing is having a bunch of eggheads at the federal bureaucracies basically come up with, quote-unquote, costs. and then eventually this will lead to billions if not trillions of dollars in increased cost to consumers. to those costs will be passed along to consumers. i think it's going to have a devastating effect on the economy. and one of the things that i

always remind folks when the soviet union collapsed, communism didn't end. all those folks just ended up in the environmental movement. a lot of this is about do-gooders trying to tell us how live our lives. they don't care about the economic costs when our energy and food prices go up. neil: but if this was to be as damaging on your state and residents as you portray, attorney general, the fact of the matter is not a single democrat a.g. is joining you. so wouldn't they be similarly concerned about the cost ramifications for their residents? because they're not signing on to it. >> you know, i can't control what anybody in the other party's going to do or not do, neil. i do know this, that it's unfortunate when you come to the point in this country where everything ends up becoming a highly partisan issue. now, look, if you think that, you know, grebehouse gases --

greenhouse gases are really going to destroy our planet in the next ten years or whatever they're saying, then my goodness, let's have a serious public policy debate. let's go to congress and have them decide, okay, what are the costs, what are the benefits. if we're going to destroy the coal industry the or the natural gas industry the, whatever industry it is, is it worth it when health care costs go up, is it worth it -- neil: well, did you reach out to them? i'm just wondering, sir, did you reach out to them, and just wondering did they say, no, this is ridiculous? you think this is something congress should be dealing with directly and not the president through executive order. i get that. even democratic a.g.s might agree this is something that congress should fix. >> yeah, and unfortunately, as i said, i i think in the environment we live in today, neil, everything has become highly politicized. i mean, look, just last week i was arguing at the u.s. supreme court about election integrity

measures, and, you know, as justice roberts pointed out, we pointed out in our briefs, no less than jimmy carter had recommended the very kind of election integrity matters such as restrictions on ballot harvesting that we were trying to defend. and here we are 15 years later that even the democratic a.g.s have filed briefs opposing that. i just think part of this, unfortunately, is the environment we live in, that everything has become highly politicized. and unfortunately, you know, in this country we have a system of checks and balances. you know, it's up to congress to do their job, and i think sometimes the presidents get frustrated, both republican and democrat, and what they do is use that executive order process in order to try to get around congress. but that's clearly not the way things were designed to be done. neil: all right. mark brnovich, the arizona attorney general. i appreciate you taking the time on that. you might be wondering why are they paying so much attention to the nasdaq and its 500-point runup, because very few thought

the comeback would be as pronounced as it is today. the dow is racing ahead as well, but the nasdaq with this jump today is getting its share of attention, up about 4%. apple coming back about 4.5%. some of the other big names from amazon, even some of the high-tech blue chip indexes that are up anywhere from 5-7%. ibm now advancing about a percent, microsoft more than 3%, google a quarter percent. i could go on and on here, especially talking about tesla now up close to 19% on the data, of course, that a lot of people have been paying attention, the advance that we've been seeing in amazon. but technology coming back. it is rare that we're seeing the nasdaq move here because it did fall into deep correction territory. it wasn't all that far, just a stone's throw away if you think about it into a bear market. a lot of issues within the

nasdaq were at or near bear market territory, tesla certainly among them, amazon knocking on the door. all back today. that's why you're looking at the screen. that could still happen, but it's the nasdaq that's racing right now. we thought we'd give that preferential treatment here, what's happening, because that ising something we have not seen in a while in what has been a hard month for technology stock thes that have surrendered and lost about 3.2 to 1-- 1.2, 1.3 trillionful. you know the pattern on this, often times this doesn't last or it peters out by day's end. but here we are with still two and a half hours of trading to go, nasdaq building on its gains. all the other market averages as well. that rare, rare combination of events where they're all up. ♪ ♪

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♪ neil: all right, taking a look at bitcoin prices. can we show that, guys? what i know of late is it doesn't have the i humongous swings like it did. it's expensive, as you know, per coin here, but it's almost. stable the. that's probably a leap on my part. but charlie gasparino has been following this phenomenon very, very closely. >> i think it's hysterical that you used stable and charlie gasparino in one sentence. neil: we're getting to you a little late a because i know how upset you were over the british royalty thing back and forth -- >> speaking of that the, speaking of that, when you get your interview with meghan markle and prince harry, are you

going to try out your austin powers impersonation on them? neil: yes, i am. let's not be childish here. you know it's a dead-on impression, and i want to show it off to the world. >> remember that one? [laughter] neil: i do, indeed. >> all right. i guess today's a great day to be doing a crypto story because, as you know, bitcoin is now once again above 50,000. no one knows why, other than there's no place else to put your money because you're getting -- even with the rise in the interest rates, it's still pretty paltry. so a lot of these riskier things are going up in value. gamestop stock, crypto, bitcoin, it clearly has caught the attention of the biden administration. our sources, our wall street sources who are plugged into the biden people, here's what they are telling us now. they're saying biden's crypto

policy will be taking shape in the coming weeks. what was holding it up was the con confirmation of the deputy secretary under janet yellen. he will be, from what we understand, point man as to how crypto regulation is meted out and how tough they're going to be on crypto. now, we should point out that the crypto industry, they are very concerned about what's going to come out of the biden administering. particularly -- administration. particularly after janet yellen, the treasury secretary, calm out and made big comments about how it's a risky asset, how it's used for illegal purposes in many ways. so they know that they have even more scrutiny on them than what they had in the trump administration. it was interesting, treasury secretary mnuchin during the trump years just didn't give it that much credence, doesn't like it but wasn't -- you know, the regulatory agenda wasn't that drastic. it was on the abuses.

but they're worried about something much more onerous here as this becomes a much more mainstream product to buy and to speculate on. the biden administration is, you know, could be imposing some sort of a, you know, let's just say stopgaps on preventing retail investors from buying the stuff. so we don't know exactly what's going to go on. he's one interesting thing -- here's one interesting thing, neil, while the treasury department's going to have some broad oversight to crypto, it's unclear which agency inside the government will be directly regulating it, will it be the cftc or will it be the sec under gary gensler who, as you know, as an academic gary gensler looked into crypto a lot. back to you neil. crypto regulation as well as neil cavuto's interview with harry and meghan markle. breaking news there.

[laughter] neil: charlie gasparino, you're the best, my friend. all right. we're getting word disney, i told you they eventually planned to reopen disneyland. it was supposed to be april 1st, thousand they're apparently pushing that back to late april. i'm just thinking of some of their major attractions. one out of every ten seats -- [inaudible] i don't know how they're going to pull it off. they're going to look to pull it off of in hate aprilment. ♪ i'm around when your head is heavy. ♪ i'm around when your -- ♪

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when you post your first job at indeed.com/home. neil: you know, we hit a milestone on vaccines right now. more vaccines administered to

americans than new cases of covid in the united states. that is kind of being echoed throughout the world right now, although not as muchment this as the cdc is saying that people of who have already been fully vaccinated can meet safely indoors without masks. still advises folks of all sorts refrain from traveling if they have their drutherses. so that is from the cdc. dr. sharif joins us right now, university hospital president and ceo, former new jersey health commissioner. doctor, thank you for taking the time. good news on the vaccine front. devil of a time getting it administered, i know in jersey that's been the case, but they are making great headway as are a lot of other states. do you think we've rounded the bend on this? >> i think we're starting to, and it's a really exciting week for us here at university hospital. we have all three vaccines now. these are three extremely effective vaccine, talking about 100% effectiveness at preventing

hospitalization and death which is really the name of the game in terms of public health when it comes to vaccination. so when you have that momentum with vaccination, you're seeing these decreases, you get really encouraged. that said, there is a potential curveball with the variants that continue to arise across the world and end up in the united states. so we have to make sure to emphasize that while we do see the finish line, we're not exactly across it yet when it comes to the pandemic. neil: you know, doctor, these variants, i get they're really, or really problematic in mexico and bra, for example, but some -- brazil, but some good news out of pfizer, it believes its vaccine can deal with this stub morn variant. do you know of the three prom meant ones in the united states including j&j's one dose that they deal with any and all variants that are popping up here? >> we do know that johnson & johnson in particular was studied against the south african variant as well as a

couple of others in terms of the clip can call trials, so that's -- clinical trials. the overall effectiveness is a little bit lower for johnson & johnson. it is a single shot, so that may be an additional issue there, but i'm confident that, hopefully, many of these variants are responsive in terms of the vaccine in terms of preventing illness. there always is a risk though that a variant could arrive that is resistant, and that's what we have to be very vigilant for and why we have to really amp it up in terms of sequencing to determine the variants that do exist in america. neil: you know, doctor, we had a senator on who's an ob/gyn by training who was saying we really want to get vaccines out to as many people as possible. if that delays the second vaccine, there's nothing ironclad that says it has to be 21 days later. the priority should be put on giving people any and all available vaccines that are there. if that means delaying, i think he said up to 12 weeks for that

second shot, so be it. where are you on that? >> well, i'm still on the side of really trying to follow as much as possible what was done in the clinical trials. we know the exceptional results followed what exactly was done in the trials, and so for the fist two, moderna and pfizer, i still would recommend that we do two shots, and that is the current recommendation of the cdc and most state health departments from what i've seen. so we really do need to try that. that said, johnson & johnson was studied with only one shot, and i understand the rationale behind that thinking because it potentially gets us to herd immunity faster. but because there are more unknowns for the first two, i'd still advocate for keeping it on the two shots. neil: all right, doctor, or thank you very much. university hospital president and ceo, or former new jersey health commissioner. thank you, sir, very much, on that. we'll be monitoring that. i told you about the cdc and its guidance on vaccinated people, but more to the point, it's kind

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♪ neil: you know, normally the rule has been nasdaq goes one way, genesee south -- generally south, the nasdaq falls further and further from a record, the dow closer and closer and then over their records. until today. they're both in the buying mix. danielle shay, director of options, joins us. danielle, this is, you know, apart from the normal pattern of late, now it's actually returning to the pattern before any of that of late stuff. so do you buy it, what you're seeing now, both technology and cyclical, economically sensitive issues all doing well together? >> well, for me, neil, it all depends on your time frame because the nasdaq was incredibly oversold. you know, at some point it was going to bounce, and these

oversold bounces tend to be some of the strongest moves in the market, and we're seeing that today with the nasdaq up over 4%. so for me, it just depends. are you going to trade it in the short term around 13,000 in the nasdaq, or are you trying to buy long term? for me, i'm still skeptical because of the amount of overhead resistance, but i think in the short term we can trade it to the upside. neil: so where do you see this market going? if these two are joined again, and a lot of this is buoyed by optimism about stimulus and how a lot of global types talking about how this could have a spillover effect, it'll be off to the races and this gap between the dow and the nasdaq will narrow again. what do you think? >> well, i mean, for me i personally prefer that we go back to the way that things were, especially in january, right? i mean, we've had a really strong market. these covid stocks have been incredibly strong the.

but for me, it's just all going to depend on if buyers have that confidence. the news last week with inflation and the move in the bonds, that really shook investors. i think as long as that can stay tapered and buyers continue to have that confidence, then we can break through 13,000 and go on to new highs. but buyers have to have that confidence though. neil: you know, danielle, it's not as if -- i know interest rates are stabilizing today, but they're still inching back. you know, obviously, oil is following its own measures here. oil prices go up, a lot of commodities continue to go up. that doesn't seem to me to be the a trend violently disrupted here. it might be a little steadier now, but it seems like a pretty good bet that this continues especially if the economy, you know, continues to advance. can all of that happen in a

nice, cozy world in lock step? >> well, you know, it's possible, and i think for right now we are undershooting the 2% inflationary target, and so i think that things kind of remain stable. i think that the biggest concern really is once we get up to that 2% inflationary target, what's going to happen. is the market going to get shaken a little bit? is the fed going to be forced to act? i mean, the fact of the matter is that we're printing out money left and right, and so at some to point things are going to break. but for right now as long as the market is confident in the way that the fed is handling inflation and everything else, i think that the market can remain stable. neil: all right. famous last words, danielle. if you're right on all that, you know, we won't mention it. the you're wrong on even one of those things, we won't forget. danielle shay, kidding here. director of options, good read at this trend in the markets. the trend is certainly good today. take a look down at the corner

of your screen, all the key nasdaq players including tesla which had fallen deepen into a bear market, coming back today. can it be maintained? ♪ work hard, play hard, we work hard, play hard. ♪ ♪ . . (it's a skirt... and shorts)

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♪. neil: when is the last time the nasdaq was up more than 4% and the dow less than 1%? our stocks editor charlie brady says, may 21st, 2001. two things. remarkable, one more, charlie needs to take a vacation and get some rest. okay, charles payne. hey, charles. charles: neil, thank you very much. good afternoon, everyone i'm charles payne. this is "making money." breaking now the immortal words of samuel clemens reports of death of technology stocks have been greatly exaggerated. semiconductor, even software names but is the worst over? if so, what should you own? of course the spark for today's rally coming from a major swoon in the 10-year yield but it is still in an uptrend and i still think powell and company must bring calm. meanwhile we answer the question, why do markets and stocks sell off on good news?