stuart: look at that, koss has doubled today. time is up for me though, neil, it is yours,. neil: all the meme stocks are back with a vengance. thank you, stuart. a couple of developments that could transpire in the next hour or so we're waiting to hear from roblox new ipo. one of the new direct offerings. getting a great deal of attention in the gaming community. this could be a 30 billion-dollar valuation or more. we're keeping eye on that. this is something that will happen after this show a auction of 10-year treasury notes. we're living in a environment where everyone is worried about

a backup in yields inflation all of that. a crucial auction will test that here. foreigners tend to buy most of these things, half if we're told. japanese are very big buyers. little wonder their return on a similar 10-year note is .1 of a percent. kid you not, .01%. that is fetching price getting yield of 1 1/2%. there is currency, lifts it up hedging currencies as many do for 1.7% return. i sound a little nerdy. this is demand for bonds in general where rates are backing not nearly as much. we got stable news on retail inflation front with the february consumer price index moving up .4 of a percent as expected but the core rate barely budging at all. 1%. that is backdrop which could be a crucial move whether this has

staying power. whether stocks absorb that. this is very good day for the vaccine front. the president is set to approve more than 100 million doses of johnson & johnson vaccine coupled with everything out there. forget about the end of may, every american having a vaccine available. it could be a whole lot sooner than that we'll monitor that. we'll monitor reopenings going on across the country, particularly in texas. virtually all restrictions have been lifted. let's start with my buddy edward lawrence in dallas right now, how all of this is going down. edward? reporter: that's right, neil. in fact a mask here is in texas is choice, it is not a mandate. i'm in the bishop arts district in dallas. this was changed this morning, it was we encouraged wearing a face mask instead of requiring a wearing a face mask. texas governor greg abbott lifted pretty calls.

many businesses can be open 100% capacity, you don't have to wear a mask if they choose to do that. owner of lockhart smokehouse says it will open up slowly. >> all this is kind of new. i don't feel comfortable cramming in anywhere with a bunch people. i wouldn't want to ask that for everybody else. we'll keep protocols as they have been. just see what happens. if all of sudden it magically disappears, hot dog, we'll be raring to go but i would rather proceed with caution. reporter: not everybody totally agrees with the governor here. in fact the city of austin is still under a stage four. that means they're mandating masks in austin. also businesses in austin are 25 to 50% capacity unlike the rest of texas. there are still 16 states across the nation have removed or expiring mask mandates. texas again 100% capacity, open nor businesses. so is mississippi. in texas specifically there is a

snapback. if the hospital bed capacity in a certain region goes 15% or more for seven days, then the protocals can be then reimposed on that specific reason. there is a snapback. opening up here, what i noticed here, neil, a lot of people are not wearing masks this morning yesterday as i came into dallas, i saw a lot of people wearing masks. back to you. neil: edward, what happens if you go into a shop, like a gap which is urging customers to continue wearing masks while they shop and a customer doesn't, that customer then kicked out of the store and perfectly within the store's rights to do that? reporter: that is the dilemma i talked with -- where i am, these are locally owned businesses. the owners are worried about the employees are becoming bouncers. they're requiring in all of these restaurants, they're saying they encourage face masks but again it is not required. so you know, that is going to be the sticky issue. the businesses in this district

decided they would like their customers to wear masks when they go inside of the stores. i have seen that, where people are not wearing masks outside. when they go in they actually are wearing masks. that is sticky situation. technically the business can kick someone out. will they lose the business under covid? that is the dilemma. we'll see how it shakes out or plays out in the next day or so. neil: edward, thank you very much, my friend. be safe, edward lawrence in texas, virtually all restrictions in place are no longer in place. we're keeping an eye on washington, d.c., that stimulus measure comes up for a vote in the house today. chad pergram, as i understand it, democrats cannot lose more than four members on this, right? all bets are off. that is assuming everybody republican votes against this? reporter: that's right. the radius they have right now, jim chew burn says he indicated they might not lose anybody, one

at most. we expect a final vote on the sixth version of covid relief in last march next couple hours this constitutes spending $6 trillion in just over a year. that is the equivalent of a additional year-and-a-half in total government outlays. republicans are honing in on big spending. >> we got to over $20 trillion in debt. here they come again and trying to break the bank. look at what they are doing to spending. we have a trillion dollars in the pipeline, we did not need this 2 trillion-dollar covid bill. reporter: house speaker nancy pelosi said she expected republicans to take credit for some provisions in the covid bill they liked even if they vote against it. some wonder if the gop will weaponize the spending against them. it is unclear if this is the final covid bill. >> you will have to ask the virus if it stops mutating as it

stops spreading therefore mutating, we will be have legislation to address it for as long as it is there. reporter: democrats wanted this bill completed by the middle of march? the reason? extra unemployment benefit were about to expire, other issues to look for, making permanent the child tax credit. neil: chad pergram, thank you very much. fallout with all of this ray wang, constellation research and ann berry, analyst. ann, look at all this is expected. i don't think a big shock would be if it doesn't get approved in the house albeit by a close vote, then what? the markets, do they pounce on the next stimulus package, what? >> i don't think anything here will surprise the markets, neil. what the market will be looking at is how two things happen. one whether there is an emerging variant of the virus could like derail the reopening that we're

seeing, hopefully meaning the stimulus is now the last one. and making sure that the science is keeping up with any changes in the virus. making sure that the vaccines do have boosters coming down the pipe if the virus dues evolve. stimulus will go as predicted. bears the need for a second one. that is the what the virus does at peak we'll be looking at. neil: if i could step away from the stimulus stuff, ray, give a little bit of give-and-take among technology stocks, whether they could have another good day, yesterday was off the charts. you know, i kept saying, be a believer in this turn-around if it holds another day. it is struggling today. it is still up today. i'm wondering what your thoughts are on the gap between the economically sensitive cyclical issues certainly have been run away as of late, on the technology issues save yesterday have not, what do you think?

>> well i think a lot of people are looking at the bond yields kind of with caution but tech stocks are still going to be mainstays. these are pillars of growth and when you're looking at reflation of this rate, looking at the m2 supply the highest rate since the 1930s you realize you will need to beat the devaluation of the dollar and that is really what is going on. you're realizing, do i go in growth, jump on value game and see where the bond yields are? people voted i will still vote on big tech. the dips were worth going in. neil: i'm watching a lot of preauction activity on the 10-year notes up for grabs today, and there is a lot of trepidation, a lot of buyers holding back. foreign influence is pervasive in these actions. participation among the japanese is particularly acute, but no one is showing their hand here. a lot are concerned whether the

10-year holds at these levels. all bets are off if it gets over 1.6%. if you're a buyer of these things you might want to wait for that sort of a phenomenon. how important is it to you looking at total demand to buy rates that are rising in this country? >> i'm looking for -- neil: ann, first, i'm sorry i wasn't clear. ann, go ahead. >> i die the demand is important because demand ultimately you know, will insure that rates remain stable. what we don't want to see is volatility. we don't want to see the softness in demand we saw last month that men we saw a spike in treasury yields. as a result we saw what looked like the market beginning to crack at some valuations, particularly in the tech sector. i think it is important to look at this. it will give a indication what the market thinks inflation will look like in the longer term, despite a benign report today.

if it looks as though there is a lot of concern about inflation meaning, weak demand, then it will put pressure i think on the fed. they have been pretty consistent that inflation doesn't turn on a dime. if the market goes differently, that may have to change. neil: you know, we kind of had a sort of confidence built into our rates in this country, if you think about it, ray, where foreign buyers will continue to buy because where else will they go? i explain ad similar rate in japan is trading .1, .2 of 1%. we're at a little north of 1 1/2%. it seems like easy money there but we have a cockiness to it that people will always finance our debt. they will always buy our treasurys. the full faith and credit of the united states government means something but you can push that, can't you? >> it's a great point. we dope want to continue to push that, take that for granted. you know, even though we are the world's reserve currency, we're

seeing competition, right? there is dollar versus bitcoin. there is dollar versus euro. there is dollar versus yen. so many other countries want to make sure they are reserve currency. making assumption allies continue to pick up our bonds is something we should never take for granted. neil: i will see you in a little bit here. drawing your attention to the screen here, this runup in the dow, a little less of a runup in the nasdaq. this is me assigning a lot of value whether the nasdaq can repeat what it did yesterday a lot of people look at that, put it in the context of a big selloff the last five trading days. even with an enormous comeback in tesla, it is down 25% from the february highs. well into bear market territory even with that enormous runup. there seems to be thinking here, if we follow through with this on any type of gains, not with a huge selloff, there might be more staying power to this than meets the eye. we're watching very closely.

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call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217 neil: in texas open for business. we mean fully open. 100% you know, capacity, restaurant, businesses, you name it. how is it all going down? andy joins us now, pet brands ceo. man, i was looking at all the restaurants under your purview, fatburger, johnny rockets, bonanza, ponderosa, i put you guys in business, i can't believe that. how are you handling the reopening in texas? you got a lot of stores, restaurants there. how are you handling it? are you going to be 100% capacity at all restaurants? how will you handle it?

>> i'm not sure covid exists in florida, georgia, texas, right? open 100% is great. we've been open 100% in some of those markets, especially outdoor dining, delivery to go, roaring back in the markets, waiting for california to open up but roaring back in texas for sure. neil: how do you handle it with those who come in? your managers i guess can suggest masks not that they would, but what are you advising them to do, restaurants, restaurants store by store? >> we still have all the p p-e type of notices posted everywhere, customers when not eating to wear masks. protect everyone. to make them feel safe. customers feel safe. it is different market by market, around the country, no masks some places. some places full masks. shutdown still. we have 700 restaurants, nine different restaurant brands. you have to treat each market

differently right now. neil: what about your workers? are they, are they nervous? >> so most of the workers are vaccinated or getting vaccinated shortly. california opened it up to the restaurant industry was a freight move to let all the workers who move in kitchens out from front of customers get vaccinated. we're still having them wear ppp, face masks, shields, to make customers feel comfortable, to take the extra precaution. neil: there have been a lot of critics of governor abbott in texas he is moving too soon. only seven, 8% of texans have been vaccinated. maybe he is rushing things a bit and could come my kate things down the road. any thought -- complicate down the road. >> we know how lockdowns worked for the restaurant industry in california. opening everybody is fine, getting vaccine out there, educating restaurant workers to get a vaccine. educating people in general to

get a vaccine is critical. shouldn't have anybody standing around afraid to get the vaccine. it is not that kind of vaccine. the big push for education. neil: you mentioned florida and your presence there. florida has been doing this, very aggressively and has an infection rate at or lower than other states than a lot more stringent. do you think there are lessons there that other states can take cues from what happen in the florida to other states like texas? >> they encouraged people to be safe, be open, work outdoors, worked absolutely. they know lockdowns doesn't work. they forced people to get together, look what happened in a spike in rates. this will, we can see the light at the end of the tunnel, right? it is three or four months from now. things should be back to real normalcy in the country. we have a lesson to learn. not that we'll never see this

again in our lifetimes but that is the result of how lockdowns work. neil: understood. andy weiderhorn, fat brands ceo. illustrious names in the grouping. enjoying reopening in texas and other states. it is happening in varying degrees in other states, including how they're issuing vaccines n alaska they're letting anyone 16 or over eligible to get the vaccine, get it now. not delineating populations. in new york they reduced the age of 65 to get in the front of line to 60. we've certainly seen utah opening it up to pretty much everybody. so this opening up, not only when it comes to who gets the vaccine but businesses, establishments, restaurants, that is now in full swing and we're on top of every single change in direction. in the meantime we are going to give you an update what is happening right now on the vaccine front, what the administration is planning to do

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neil: all right. a big commitment on the part of the biden administration to make sure more vaccines get out, particularly johnson & johnson. the partnership between johnson & johnson merck, the two ceos will be with the president later on today. this was a big one. 100 million additional doses of that one dose sack seen, that will become available, we're told pretty rapidly. get the read from blake burman at the white house with more. blake. reporter: big one indeed. ceos of from johnson & johnson and merck will be here in the white house this afternoon,

3:00 hour. those two companies teamed up to partner with each other to manufacture johnson & johnson's one-shot covid-19 vaccine. in advance of that the the biden administration revealing that the president is directing his health and human services team to procure 100 million doses of the j&j vaccine. the biden administration was reluctant to share specifics this morning at a briefing, what it all might mean but their target remains the end of may which there will be enough vaccine supply for the u.s. adult population. >> today president biden will direct jeff and the health and human services team to procure an additional 100 million doses of the johnson & johnson vaccine. this order allows for the president to plan for the future in the latter part of the year. this is wartime. and as facts still emerge, it

gives us maximum flexibility. reporter: cdc 18.4% of the u.s. population has received at least one covid-19 vaccine dose. 9.7% have received both of their shots at this point. to the map though, compares vaccinations at the state level, broken down by percentage of the population that has received at least one shot. you can see, if we get to it, not sure that we have it, the upper midwest. we don't, apologies. by and large, neil, the upper midwest has been vaccinating their populations at a much higher rate than those say in the south and parts of the rust belt. neil. neil: apparently a lot of them are taking matters into their own hands, right, to get this out faster? we've seen in alaska, utah where they're just trying to say pretty much anyone and everyone, you're eligible because it is a problem, right? plenty of vaccines but they're not getting them out. reporter: when you look at alaska specifically, neil, just looking at the numbers, when you

break it down per 100,000, that you compare state to state, at least one shot, there have been 41,000 shots per 100,000 administered in alaska. that is at the very, very top. you're right, they are at the forefront trying to open up allotments to as wide of a population as possible. seems to be correlation this clearly, neil. neil: thank you, blake, very, very much. what as a physician by training and a congressman in his present work think of all of this? tennessee republican congressman mark green with us right now. congressman, thank you for taking the time. obviously we're aggressively trying to get these vaccines out, particularly johnson & johnson's one dose vaccine generally preferred by people because obviously it is one dose but what do you think of the rollout here? >> i think the 100 million doses from johnson & johnson is a great idea. i applaud the president for doing that. i would submit though that we could very quickly get more

people vaccinated and protected if we flipped to the one shot with moderna and pfizer. some of data out of israel and other countries have shown that the protection from those is pretty good with just one shot. in fact it is just as good as the johnson & johnson one dose vaccine. so i sent a letter and bill foster, democrat joined me on that and we're hoping that the administration will do that. neil: yeah. i think i looked at numbers, you know this far better than i, congressman, 74 plus percent efficacy rate is what johnson & johnson's was originally coming out the bat here. now one of the things i found interesting on this, many of your colleagues are pushing up to allow most americans to get a single dose right now, even if it means they have to take from the second dose arsenal because there is no, you know,

requirements that you have to do it within 21 days, that it could wait weeks after that. are you, are you for that as well, that there is little risk pushing this out? i think one of your colleagues was on saying an additional 12, 16 weeks would do little harm. in the meantime more people would get that one booster that would really protect them as where they wouldn't normally? >> absolutely. that is what i was trying to say earlier. bill foster and i both signed a letter, he, a democrat on the coronavirus select committee, i a republican. he is a phd, i'm an md. we sent a letter to the administration asking them, look one vaccine is enough or one shot of the moderna and pfizer vaccine is enough. get that out there to everyone. we essentially double the people we can protect. i think that is the right thing to do. the doctors caucus in the house also sent a letter. i signed on to that one too.

yeah, it is the right thing to do. neil: you know, congressman, we're also getting word right now that a lot of states are opening up to more people get this, young, any age all of that as we were saying but part of the strategy seems to be to respond to this flood of vaccines coming in but states are still wildly inconsistent on this and now to complicate matters you have the cdc coming out with a recommendation that even if you had the vaccine now might not be the best time to fly which i'm sure was wonderful news to the airline industry. what do you make of these conflicting, you know, pieces of advice? >> sure. i think that states should open up the economies because with social distancing, we, you know, it works. there have not been any masks, or superspreader events from aircraft since the covid virus emerged. i mean, it has been safe because

of the help the the hepa fillers and i'm disappointed from the conflicting information from the cdc as far as schools go, it is atrocious to keep kids out of school. we have only 288 deaths in school-age children. 500,000 adults died. 31% increase in mental health visits. many, many children get their mental health counseling from school. they're not getting it. there is increase in emergency mental health visits. we're hurting children keeping them out of schools. >> all right. congressman, thank you very, very much. mark green tennessee republican physician by training as well. as, i'm wrapping up here, we're getting word top u.s. and china officials plan to meet next week in alaska on a range of issues,

that will include secretary of state antony blinken. we'll hear the national security advisor jake sullivan will meet with the chinese counterparts to discuss everything from trade and national security concerns. we don't know much more than that. this is the first big pow-wow between the two countries since joe biden became president on january 20th. stay with us. ♪. this isn't just freight. these aren't just shipments. they're promises. big promises. small promises. cuddly shaped promises. each with a time and a place they've been promised to be. and the people of old dominion never turn away a promise.

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february in 2019. it could be the highest weave seen in 20 years. but you know one of the things president trump did, he essentially moved the u.s. mexican border from here down to mexico and guatemala. forced those countries to enforce immigration laws or filing for asylum there. when president biden killed those programs he essentially said to many, it is worth the risk to take the journey north. there is cost beyond housing which costs $500 a night and food and processing but there is a larger long term expense to taxpayers over time. studies show the less education a migrant has the more welfare benefits they receive and less they pay in taxes. for instance, about 57% having grade school education or less. 27% have attended some high school. 16% some college. here is the projects cost.

a loss of 173,000 for those who only went to grade school. 70,000 basically a loss for subsidy for those attending high school. then a net positive for those who went to college. those costs basically aaccumulate over time because most don't leave voluntarily. >> if you're attitude a person can come, we'll not give them all the public benefits that is not realistic. in modern america politically, once someone steps foot in the united states it is very hard to bar them from receiving social programs. reporter: those costs come in a variety of state and local welfare programs. you have cash, food, medical, education. that is 13,000-dollar per year per student. doesn't sound like much. if you take the 3,000 unaccompanied minors last week that is $39 million. ad sew cats, many economists argue that any migrant filling a job in the u.s. is filling a

need, increasing productivity and offsetting those costs. >> look, if they come and they present themselves as at our border, we're not going to turn, we're not going to turn unaccompanied minor around. there is a procedure to do it. that is what we're going to do. reporter: so it's a tragic situation obviously, neil. as we look at the humanitarian crisis down there, but agents tell me the one winner in this, the smuggling organizations are making 2 to $12,000 per person. back to you. neil: just incredible. william, thank you very, very much. william la jeunesse on all of that. i want to go now to bryan llenas, when we first put him on the andrew cuomo story in new york it was look into the revelations that the governor might have misstated deaths. of course you know what has happened since. what started as a controversy over what was really going on in the state nursing homes morphed into an outright scandal and questions about whether the governor is being honest.

and then all of the other harrassment attacks, sexual assault allegations against them. needless to say bryan llenas is still on that assignment. he is not leaving it. he is still all over it. bryan, the latest we get more developments in both cases almost every day. what is the latest? >> neil, that is exactly right. it is hard to keep track of it. we're trying to keep those 15,000 families who lost, you know, someone in the nursing homes from covid top of mind but look, the latest allegation is a sexual harrassment allegation. the "albany times-union" reporting that a member of governor andrew cuomo's executive chamber staff, told a supervisor, alerted governor cuomo's office this weekend, the governor last year at the governor's mansion, summoned her to the mansion and essentially inappropriately touched her last year. she says that she was summoned to be there.

now yesterday governor cuomo responded in a telephone news conference. listen. >> this is very simple, i never touched anyone inappropriately. reporter: yeah, he also says that he was not aware of the claim but the "times-union" reports that the governor's office was made aware of the claim over the weekend and referred it to the attorney general who is conducting an independent investigation. another cuomo accuser, former aide, anna liss spoke on camera the first time about the toxic work environment. listen. >> i'm just saying that it wasn't a safe space for women to work or women in general. reporter: at least 76 new york state lawmakers and counting are calling for cuomo's resignation and impeachment. six democratic state lawmakers wrote a letter to governor cuomo

demanding he turn over all the correspondence and document for his book deal, lauding his leadership. they want to know if that book deal was the altering the nursing home data in a public report making the death toll lower than it actually was weeks before the book was announced. daniel arbini, a father of one of the seniors who died in nursing homes, told fox news digital the best-case scenario the profits go to the fund for grieving families. there should be a fund set up that sentiment is being echoed by some of these families. cuomo by the way, neil, said in the past he would donate some of those book proceeds to covid relief. we have seen no proof. we reached out to the office if that was done. there are a dozen protesters out there saying they don't agree with como's leadership.

neil. neil: bryan llenas, pert analysis about this as this story goes on and on. we've been telling you texas opening up for business right now, 100% occupancy. that is okay. all restrictions essentially done away with but in case you think this is sort of a trigger for business as usual in a lot of other states it won't be the case. even when all states open up, do not count on all workers returning to their offices. we'll explore and explain after this. ♪. we made usaa insurance for members like kate. a former army medic, made of the flexibility to handle whatever monday has in store and tackle four things at once.

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the cdc now extended the nationwide moratorium on eviction through this month. a lot of tenants are rejoicing not having to pay for rent, a lot of landlords are footing the bill. they are warning they are reaching the breaking point. in the nation's capital the housing providers said the hit they have taken for the entire pandemic. eventually, it is d.c. residents who will be forced to pay the price. take a listen. >> the problem with putting so much pressure on small landlords here in d.c. is that, it also pushes us out. enough small landlords, you know, give up and just sell their distressed property and, you know, leave the city or whatever, we're just going to end up with more and more institutional landlords. that is not good for any city. it is just not. it is not good for the housing

crisis, for rents. reporter: over across the country in california landlords are saying they're going on a full year without rent payments from tenants impacted by covid. most of them who received zero benefits from the federal government in return. take a listen. >> many of these independent rental owners didn't receive paycheck protection loans. they didn't receive stimulus checks. they didn't receive special unemployment assistance that was afforded to many other s. reporter: point out landlords are people too. and they have got their own financial responsibilities. listen. >> they're not getting the rent payments they were counting on so that they could pay their own obligations while at the same time saving for their retirement or their kids college tuition. reporter: there is also $25 billion nearly in federal aid for tenants from the last round of stimulus that is discuss sitting in states

treasurys, waiting to be dispersed. a lot of landlords, neil, questioning why they're being forced to give up their income when state governments are supposed to be helping out and aren't doing so. neil? neil: very good point. gillian turner, thank you very much. a lot of this getting back to business, whether landlords eventually get there, tenants or all of us the fact of the matter we're on the route getting back to business maybe not like texas where everything is opening up again. eventually everything will open up but then the question becomes what will that new world will look like? what if i told you there is a distinct possibility not everyone will be back to work, not in the conventional sense? a lot of people working from home will continue working from home. our what if question today, what if employees don't insist on sending all the workers back to the offices in big cities. usually. ray wang with us, ann berry with

us. ray, that could be a game-changer. what happens then? >> definitely it is a game-changer. what is happening most people sign commercial office leases for three to five years. if this keeps continuing, you will see vacancies continue to rise. we're doubling vacancy rates are up, almost in the 17, 18% of commercial office space being open. people are moving out to different places. especially here in california, people are moving to austin, north carolina, to florida, to boise, idaho, to denver. that exodus will create a changing dynamic where you work, eastern why you work. that is starting to happen over the next six months. neil: you know, a lot of the people who we have been talking, ann, are saying we might push this back but we're not going to let this go on indefinitely. there might be a couple of big names like google, deutsche bank, some others are trying to remain flexible for a year or

more, if they had their druthers to a man and woman running companies they would prefer workers physically back in the office. do you see this as a reality, that a lot of workers who have been getting used to telecommuting doing virtual commuting having to change that? >> i think one of the things being consistent, neil, they -- have said, projects that existed before covid were able to continue to remote working. there has been a lot more difficult to get new projects up and running or get new team members intigrated without having that physical interaction. i do think there is going to be a recall of employees to physical spaces. i don't know if it will be in the office 9:00 to 5:00 every single day of the week. i think we are going to see shift caused by covid which is -- big meetings and big collaboration days.

that means maybe being in the office space only a couple of days a week. so i think we'll going to have a long term shift here when states ultimately decide they will not be remote from home all the time. neil: they found that they can be just as, if not more productive doing the things the way they're doing them, not right now, ray. i'm wondering if that will be the ultimate decider on this? >> i think it depends on the job role, right? if you're doing sales, marketing, wants to be out there. doesn't make that much of a difference. finance, accounting do it in the back office. when it comes to creativity, and design, that those jobs will require people to come into the office, where people have to meet, share ideas. certain deals will require that to happen as well. i think they will happen at different locations and different rates. neil: you know ann, real quickly i don't see a big demand for corporate office space, i don't see it, not in the near term,

what about you? >> i think there will be something. i think productivity come at the cost of peoples hours working, creating an extremely long day, with no boundaries between their home life and professional life. i do think there is a thirst in many cases to have a separation of space, at least a couple of days a week to have a place they can go to in the community, people interaction they don't necessarily get at from being at home all the time. i'm hopeful. i like the idea of people being together, interacting and collaborating. neil: you're a very positive person. you like people. we have just don't know about ray yet. the jury bring is still out on ray. thank you both very, very much we're up smart live right now. a little less so on nasdaq. waiting to hear on roblox and that big offering today. it could be a doozy. stay with us. you can spend your life in boxing or any other business,

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♪ ♪ ♪ neil: welcome back, everyone. really happy to have you as we begin the second hour of "coast to coast" here on fox business. three big things we're waiting on, the vote in the house on the stimulus package. expected to pass but by the thinnest of margins here. remember, democrats can't lose more than four members on this. and it doesn't look like that'll happen, but they're debating a lot of points. we're also waiting on

roadblocks, of course, the game for the homesite of just printing money. it was set for a direct listing at around $45 a share. i know it's not your traditional ipo, a lot of eyes will be on that. big money in fun and games, a clear pandemic play. and completing our hat trick of developments to watch, what's happening with the 10-year note auction. i know a lot of you at home, please, don't keep boring me. this is one we're watching closely because this will test the appetite for our fixed income investments, most notably the 10-year note, and it's seen a backup in rates here. that is way down from the 1.6 plus we were looking at yesterday at this time, actually, a couple days ago at this time. but the fact of the matter is, when you see the price of something falling, generally a lot of people hold off thinking, well, i'll to -- i'll wait to

buy the next auction. we'll see the demand for that. mostly foreigners buy this sort of thing, particularly the japanese as i've been saying here. it's an easy gimme for them to buy something giving them 1.5% on their money, 7% if you think about the currency translation and all of that. the bottom line, it does a heck of a lot better than the .1% of their own similar securities are yielding in japan. so we also hike to get -- like to get the cover ratio on this, how much of the demand there is. we were seeing a lot of buyers before this. it was, in fact, as we speak, we were back to seeing if they could push that yield up a little more, so they're going the buy this, they buy on the cheap. much as you would buy a stock on the cheap if you could. the same really applies in the treasury market. so normally we don't focus on these auctions, but given what's been happening with fixed income

investments, we are. so as soon as we get some early figures on that, we'll pass them along because this is something to watch this year as rates back up. in the meantime, we are looking at the reopening going on in texas right now, the first state in the country to essentially go back to as it was before the pandemic hit last year. casey stegall following all of this in dallas. hey, casey. >> reporter: hey, neil. yeah, texas is by far the largest state to relax these rules and to relax them fully. other states have started to gradually lift some of the mask mandates and also relaxing some of the capacity. but it is full throttle in texas, and there are mixed feelings about the ground here about the relaxation of these rules. we're talking about bars, restaurants, gyms, movie theaters, things that have been closed for quite some time. you know, restaurants have been open to a certain degree, 50, 75% capacity, but bars haven't been open since the beginning of july. is so it's important to note

that, again, other states have begun to relax restrictions. texas is the largest. many business owners and citizens say that they're happy and think that it's time. in fact, calling this, calling for this a long time ago. listen. >> i think we need to go back to living life. i know people are dying from covid, but people die from the flu every day. >> reporter: now on the flip side, there are those who are concerned that this is moving too quickly. many schools and businesses choosing to keep their mask mandates in place. while the medical community fears that this could effectively wipe out the progress that we've made. >> i don't understand the basis of why now. you know, the timing doesn't make any sense to me. when we know we'll be in a much better position even a month from now. >> reporter: so according to cdc staff, texas ranks 33rd in terms of the number of doses

administered compared to the number of total doses that have been distributed to the state. and only about a little more than 8% of the population has received their full set of vaccines. however, the governor, we should say, has given local leaders the authority to reimpose the mask mandate if hospitalizations for covid reach a certain threshold, neil. so in other words, if a hot spot arises, the county manager, the county judge has the ability to reimpose the order to get outbreaks under control. back to you. neil: all right. got it, my friend. casey stegall on the big reopening going on in texas. we'll go back there if there's any new developments. a lot of people can take things under their own control, i think chris city touches on this -- casey touched on this, if they feel unsafe, they can force that issue, and customers can, if

they don't like it, leave the store. jacqui heinrich joining us off the washington, particularly this push not only for the $1.9 trillion stimulus plan which will be voted on any hour right now from now, but the next of the big package that is sort of being teed up. what's the latest. >> reporter: hey, good afternoon, neil. a lot of republicans are still kind of holding their noses over this $1.9 trillion covid leaf plan. so getting -- relief plan. so getting republican support for the infrastructure package aimed at jobs and the economy, that's going to be a bit of an uphill battle. the white house sees infrastructure investment as way to create jobs and repair the economy while also tackling climate, but republicans are warning against a green new deal in disguise, piling costs onto future generations with the national debt now on track to hit $28 trillion. but democrats also face a hurdle if they can't get republican support, because senator joe manchin has vowed to block the bill if republicans don't get a

chance to weigh in. some are expressing hope, but others are a little more cynical. >> we're hoping we get more than ten republicans. the president wants to work with us, we want to work with them. i don't know what the top-line number's going to be, but we need a robust plan, that's for sure, but we've got to pay for it. >> see if they try to do that and try to use that for their liberal agenda instead of building roads with con concretd things you can drive on, then i'll be an opponent of it. >> reporter: it's supposed to be at least as expenseoff as the covid bull -- expensive as the covid bill. the goal offing having answers by march 19th, a bill out by memorial day and having it passed by september. >> our colleagues in the senate, all 100 colleagues, asking for them to spend the next several weeks communicating with their governors, communicating with the state departments of transportation to better understand what their states'

priorities are. >> reporter: we know senate republicans had talks with the president and vice president to figure out where some common ground is, and they came away from this agreeing infrastructure is a place where bipartisanship does exist, neil. neil: all right. so it is out there the, that's good to know. jacqui heinrich following all that in the capital here. we are getting, by the way, some early indication about how this 10-year note auction went, $38 billion up for gabs. respectable -- up for grabs. respectable demand. we're told it held around a 1.52% build, prior to what it was before the auction. what helped the matter considerably is the stable retail inflation report we got beforehand that showed the consumer price index was up four-tenth os of a percent and that the core rate when you x out things like food and energy -- which is easier said than done -- but that as it may,

up a tenth of a percent. that would seem verying very stable. so that was kind of the wind at buyers' backs going into this, and most of those buyers are foreigners, and most of those foreigners are japanese. we don't have final figures, but it seemed to two off without a hitch, and that might have just given -- my sense of it -- an extra push to dow. d.r. barton with us, erin gibbs. erin, to you, a very volatile week. this normally doesn't get much attention, but we thought this go-round it might. it seemed to go off without a hitch. what do you think of that? >> what's really been capturing everyone's attention is the rate of change, and certainly every auction until we see this massive increase in yield slowing down, i think that every single auction is going to be important because we want to look at if this trend going to

continue. and we're really starting to break some big psychological yield levels as we come in. so all of these training wheels, and then the impact on the equity the markets are very important right now. neil: you know, i almost got the sense of relief, d.r., in talking to a number of those involved in these auctions saying that we just hope, the people just don't sit out waiting or assuming they can get a better price down the road. in other words, that prices will continue to fall, yields will continue to rise, and much like those who sort of protest buying stocks at a high level, people will hold off here. that appears not of to have happened. why would that be significant in your eyes? >> yeah. well, you know, neil, i'm sitting here doing a tv no-no and taking a quick glance at what's going on in this market, and i'll just have to say you summarized coming into this so

beautifully why this matters. it was such a simplistic explanation so that all of us could understand how important it is that these rates, just as erin said, kept flying up. and we didn't get many people saying, hey, don't want to buy at this level. that's going to impact the stock market as well and significantly are. i'm watching here, we're actually seeing a little bit of a tick up in the price of the long bond, so i believe this is very good news not just in treasure are is, but for -- treasuries, but for sure the markets in a broader sense. neil: you know, erin, i don't want to mischaracterize what you said, but something to the effect that the pace of this rather than where we are right now, the pace has been relatively contained. we still hold within this range. but a lot of folks saying, you know, you get to 1.6 and you hold that. then it's 2%, then it's 2.5%. you know the fears. how likely -- it seems to me we

live in an environment of improved economic numbers. it's inevitable that rates will back up. that's not a wad thing in and of itself -- bad thing in and of itself. i'm certainly of an age to remember, it's a lot higher than that. i guess it's what you get used to, but it's the pace of this, right? >> right. we went from a quarter to over 1.5 in just the span of a few weeks. so that's what's really scaring people, wow, is this pace going to increase? and we're going to be at 2.5 by next quarter? it's not -- the levels are great, you know, just slightly above 1.5. that's a very low rate. it's just how quickly we've gotten there has taken a lot of people by surprise. and that's what -- [inaudible conversations] sorry. neil: i'm sorry to do this to you, erin. d.r., real quick take on technology. another thing i found important to watch was whether the nasdaq woul through with its performance yesterday. because we've learned in a

static environment of, you know, technology stocks have trouble holding their own for more than a day, certainly during this selloff that goes back to mid february if youing think about it. if you think about it. so far they are, but well off some of their early morning highs. how important would it be to you, or is it, that they hold on to those gains or what happens if they surrender them all. >> yeah, neil, this is the eighth fastest 10% correction that the nasdaq has ever had. so as you said, it was just a little while ago when we were at all-time highs, 15 days ago, 16 days ago now. so the big deal here is the reason those nasdaq and mega-tech stocks keep doing so well is because they're outperforming. they're still getting double-digit growth in amazon and microsoft and facebook. so those big companies are still getting double-digit growth. if that doesn't matter anymore, now we have a problem.

i think it's going to continue to matter, and it is a good thing that we're rotating in to some of these industrial names, into the financials because that's showing broader-based growth in the whole economy. and i think that that's a good thing. but we need to hold on to these tech stock gains and keep them up there, neil. neil: you know, maybe, erin, tesla gets more attention than it deserves, but because it was such a rocket, maybe is such a rocket certainly yesterday, we forget that even with the enormous runup yesterday, it's down 25% from its highs. well into a bear market. now, those highs are a little misleading because they got up to $900 a share from 70 in a matter of months. but having said that, how closely do you look at just tesla? >> i look, i really try to look at, like, all of the electrical vehicle stocks, so both the battery suppliers as well as

tesla to get a better sense of what's going on in the market because they're all so incredibly volatile. but it is important to look at companies like nio which is, you know, the chinese tesla. and just to get a better sense o buy these cars and get the technology to make it work. neil: all right. guys, stick around, because we're going to have you back to take a look at a rather somber anniversary, really a year after this pandemic hit the united states hard and then the closing that started worldwide. we had no idea the magnitude of that i'll be interested to get your perspective where we are a year later. ahead of that, we are seeing reopenings in this country, no the more dramatic than in texas where you heard everything is back to business as usual. a texas bar owner who's' very happy with keeping it at 100% and not looking back, after this. ♪ all i want to do is have some fun. ♪ i got a feeling i'm not the only one.

♪ all i want to do is have some fun. ♪ i got a feeling i'm not the only one ♪♪ ♪ ♪ (upbeat music) ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪

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do. neil: all right. that echoes the sentiment we're hearing widely from the lone star state, fully open for business. it's up to the bar or restaurant owner whether he or she wants to be at 1 is 00% capacity -- 100% capacity. my next guest says it's fine. trey, very good to have you. so 100%, full throttle for you, right? >> yes, sir. yes, sir. can't wait to get back to 100%. i purchased this place exactly one year ago yesterday, so this is a happy anniversary for me, yep. neil: well, good for you. how are your workers? obviously, this will kick in for you, i guess, later this evening or late this afternoon. how are your workers ready for this, prepared for this? >> well, you know, we practice proper hygiene techniques at the silver bullet sports grill and bar. masks will be optional if they want to wear one or not and also

for our customers. you know, it's been tough. we run a pretty fast-paced environment, and, or you know, you're basically working hard, breathing hard, sweating hard, and it's just tough to, you know, to be comfortable in that environment. but again, we wash our hands, we practice proper hygiene, we have sanitizer in every corner of the bar. we're going to keep business as usual. neil: so when you bought the place last year, trey, did you have any idea what you'd be looking at? >> i had no idea. i purchased it march 9th, and exactly 11 days later i was shut down for two months. neil: oh, my gosh. >> yeah. i wanted to keep my staff intact, so i paid the payroll and kept them, you know, basically in place not knowing how long we'd be shut down. used that time also to do a little bit of a renovation.

we reopened in mid may, was open for 28 days, exactly four weeks, and then we had to shut down again for two months. neil: now that you're open and it's full throttle and you're not a moment too soon, what are your customers saying? they must be pretty excited. >> oh, they're very excited. we've had lines at the doors especially on the weekends when we were at 50% capacity and 7 a 5% capacity. -- 75% capacity. we're ready to be at 100%. we're ready for everybody to be able to get in and, basically, have a good time. neil: well,ing you deserve that now, trey. you know, the governor's been getting a lot of criticism for this full reopening as you know better than anyone, saying only 7% of texans have been vaccinated. i don't know what the latest figures are, he's doing this too soon. you heard the president's criticism of texas' approach, at the same time mississippi's approach, saying that it was neanderthal to do this. what did you this of all that?

>> i didn't agree being shut down to begin with. i think, you know, businesses should do everything they can to survive. our rents, our utilities, our fixed overhead stays the same. give us the opportunity to basically stay in business, employ our people. during this pandemic i actually had to triple my payroll to basically make sure people weren't standing in line, hovering around the bar so we could get around to them, they'd remain seated and enforcing them to put on masks when they'd get up to go to the bathroom. it was like herding cats. so like i said, we've had to actually triple the amount of staff we had, you know, have a door person to make sure everybody had a mask coming in, you know, and keeping accurate counts. and that was the other thing is we had to keep -- you know, if our capacity was 58, we couldn't get any more than that in here period. neil: amazing. i also hear you yourself are a very generous person, obviously.

i've heard what you do for your staff but also, you know, you're prone to give customers a free beer. i'm on my way, trey, so let me know what you want me to bring. but trey strange, silver bullet owner. imagine, buying this about a year ago and to see what would unfold, now the happy ending that he can have a new beginning. you don't see that very often. all right, we told you about the three things we were waiting for as this hour started, we already got the results of the 10-year treasury note auction, we're waiting to hear what the house does with this $1.9 trillion stimulus plan. they can't afford to lose any more than four democrats or this doesn't happen, but they're expecting it to very much happen. and last but not least, waiting for the big ipo, the game ipo, they're actually calling this a direct listing, semantics, right? but that is supposed to come off the chutes at at least $30 billion. remember, this was priced an initial, you know, sort of

crunch numbers back in january, early february at around the equivalent of around $45 a share. it could come off the gate $6 of 0-65 a share -- 60-65. robust demand for this could add to those gains at the corner of wall and broad. stay with us, you are watching "coast to coast." ♪ -- you and i. ♪ oh, by my side. ♪ that's the sound of love when we meet in paradise ♪♪

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♪ ♪ neil: the vote is on. talking you to the floor of the united states house of representatives, the vote on that $1.9 trillion stimulus package is going on as we speak. you need 218 votes, i don't think there are any absences to consider. they cannot lose, that is democrats, more than four members. there's the possibility they

might lose one, but they will just barely have enough votes to get this passed, signed by the president right afterwards. the last house vote two democrats bolted, all republicans were nos. but it still did just eke by before moving on to the senate where they removed the $15 minimum wage provision. that is not included in this. it's got a lot of progressives ticked off, but not enough, they think, to change the outcome. momentarily, approval in the house of representatives and one of the most expensive stimulus are measures certainly in recent years concluded and ultimately signed by the president maybe as soon as today. congressman buddy carter, the georgia republican congressman on all of this. congressman, you're, i assume, a no vote on this as are all your republican colleagues, likely. that sentiment still prevails, right? >> absolutely. this is a very bad bill for the state of georgia. we're going to lose $1.3 billion

simply because we didn't close our businesses. we kept our economy going. and because of that, we're going to be penalized. and this money is going to go to blue states like and new york that closed their businesses and destroyed their economies. not only that, but we're also going to lose $11.5 billion to the seniors on medicare in the state of georgia, and once again where's that money going? it's going to the blue states of california and new york. this is nothing more than nancy pelosi paying back her supporters. neil: you know, most states are going to get something out of this, to your point, congressman. i find it odd when you start looking at the particulars and the requirements for this federal dough, you can't use it for tax cuts. in other words, if you're just fine and you want to give it to your taxpayers, there's a stipulation in here you can't do that. why is that? >> i have no idea. you'll have to ask the democrats who crafted that language in there. it makes no sense whatsoever. you know, look, some of these states have actually, like

california, they've got billions of dollars more in revenue this year than they had in the previous year. not only that, or but keep in mind we've already got a trillion dollars that's already been appropriated, that's already been aloe cawpted in a bipartisan fashion that's just sitting there. why are we adding $1.9 trillion more to our debt? now, i get it, i know there are still people hurting out there and there are still needs out there, but we've got a trillion dollars for those needs to be fulfilled. neil: all right. now, we're told, congressman -- your comments notwithstanding -- that this'll just eke through, and the president will sign it. but he's already focusing on an infrastructure package that could cost considerably more than this. where are you on that? we don't know any of the details, we don't even know what will be broken down in that, how it will be paid for, just that that is being teed up as we speak. >> well, certainly, i've always

felt like infrastructure is something we can work on in a bipartisan fashion. however, if we judge it by what the democrats have done and by what president biden has done thus far in his administration, remember in his inaugural speech he said i'm going to unify this country, i'm going to unify this congress. well, he's done anything but that in his first 100 days in office. and certainly, if that's the subjects -- judgmenting here, then i'm not especially looking forward to what's going to be the in that infrastructure panel. the devil's in the details. we'll have to see how are we going to pay for it. but one thing remains certain, we need to improve infrastructure in this country. neil: all right. for those of you watching at home, the vote is on in the house right now for the $1.9 trillion stimulus package. i believe all are accounted for today, so you would need 218 votes to make this happen. as i keep saying here, there's not much wiggle room for democrats, but this will go

along party lines as the congressman pointed out with most, if not all, democrats supporting it, all republicans against it. two democrats did not support it in its first inclination a little bit more than a month ago. they can't afford to lose more than four. congressman, do you see a possibility that they do, that they lose more than they thought here? >> well, it's an eternal optimist, i'm hoping two more democrats will come to their senses and realize this is the wrong bill at the wrong time for the wrong reasons. again, i understand there's still needs out there. i understand also that we've still got a trillion dollars we haven't spent that can be used for those needs. neil: congressman, while i have you as well, you were someone involved in the pfizer therapy treatment. and i'm just wondering when you look at what's going on now with the administration making

available 100 million more doses of johnson & johnson's one-dose therapy, vaccines no longer seem to be a problem. we have more than we can shake a proverbial stick at now. the problem seems -- i don't know how it is in your state -- but it seems to be getting it into people's arms. what do you think of that? >> well, it is. first of all, let's pause and think for a second. we've got three vaccines in just a year's period of time? how phenomenal is that? that is phenomenal in itself. and as a professional pharmacist, i will tell you i really respect what the pharmaceutical manufacturers and what operation warp speed has achieved in this. now, you're right, it does us no good to have the vaccines unless they are injected in the arm. that's where pharmacists have come in as health care heroes and actually assisted in the administration of these vaccines. and all of our health care workers have just been phenomenal. i tell you, this is one of our greatest success stories in the history of this country, what we've done in response to this

vaccine. neil: you know, congressman, texas is opening fully today, a number of states are loosening restrictions on who gets the vaccine, but the criticism seems centered on, at least on the part of democrats, on texas opening too soon with so few of its, you know, citizens having been vaccinated, 7 or 8%, something like that. as a pharmacist by trade, does that make a difference to you? >> well, you know, texas has been a leader in this. look at florida, look at georgia. we've all maintained our economy and maintained our workers and had them to continue. we are some of the statements that are doing the best -- the statements that are doing the best here9 in response to the pandemic. i would submit that these are wise decisions that are being made. yes, we need to continue to follow the rules, wear our mask, wash our hands, watch our distance, all of those things. but i really do feel like we've

got the upperrened hand now on this pan pandemic. and, again, how phenomenal is that? this is one of the greatest medical achievements in the history of mankind. neil: congressman, i'd be remiss, and georgia was, of course, the epicenter of the electoral back and forth, losing those two senate seats. there's been a back and forth with former president trump issuing a cease and desist order to the republican national committee not to use his name in support of candidates here. it seems like a pretty serious divide between the former president and the rnc. are you worried about it? >> well, i just spoke to our former senior senator, david perdue, and he and i talked at length about this. yeah, it's a matter of concern, there's no question about that. but i'm convinced, and senator perdue has been in touch with the president, and they've had some very good, productive conversations about this. i'm still convinced that

president trump is fully onboard in getting republicans back into the majority. so i see this as just a stumbling block that we will be able to get over because, look, once all of these policies that are being implemented by the extremists in the democratic party, once these people start understanding the impact that they're having particularly at the border, particularly when you see biden's border policy and and what he's doing there, that's going to be the thing that makes the difference. neil: all right. congressman buddy carter, thank you very, very much. from the beautiful state of georgia, buddy carter. i do want to go to chad pergram with the latest on this ongoing vote on the stimulus package in the house. chad. >> reporter: well, the house of representatives just started this vote a couple of moments ago. we're pretty sure this is going to pass here momentarily, and then they will align with the senate because they passed so far different versions of the legislation are. no republicans in either the

house or senate are going to vote for this. we learned just a couple of moments ago that jared golden, the democratic representative from maine who voted no on the first iteration of this bill, he was one of two nos, he is going to vote nay today. he says the bill is just too big. the bill costs $1.9 trillion. it's the second most expenseoff bill in congressional history -- expensive bill in congressional history. congress will have allocated $6 trillion since the pandemic began a year ago, that's the equivalent of an extra year and a half of federal spending. this bill will go to president biden to sign into law. it's the first major piece of mr. biden's legislative agenda. progressives did get onboard with this bill despite the changes in the package. the senate reduced the amount of extra unemployment benefits from $400 each week to $300, and there's no hike in the national wage standard. now, republicans argued the bill was a bailout for blue states especially as money goes to boost struggling retirement

programs, and the government won't spend some money for schools until 2023. now, what remains to be seen is whether this is the final covid bill. house speaker nancy pelosi says that's going to depend on the virus. also the future of the rest of the democratic legislative agenda is in doubt. democrats may struggle to pass liberal bills on guns and climate change, but this is going to pass sometime in the next half hour. neil? neil: just to be clear, we're up to potentially three democrat no votes. >> reporter: potentially, yes. jim clyburn, the democratic whip, said yesterday he thought that they would actually be down maybe to one because there were two nos last time, kurt schrader, and then golden is already a no. and the other thing you have to watch here is the senate just confirmed marcia fudge to be hulled secretary, congresswoman from -- hud secretary. when does she turn in her resignation letter. she's supposed to be sworn in later today. neil: i didn't even think of

that. chad pergram following that. as chad pointed out, it looks like it will get done probably by the skin of their teeth here. again, they can't afford to lose more than four people. actually the, more than three at this point. so we'll watch it very closely. the dow up about 442 points. remember, the markets have factored this in as something that's going to happen. if markets and investors had their way, they'd have approved this an eon ago. they love the spending and they don't care about deaf states or debt -- deficits or debt. for now they just want it. badly. afters this. ♪ traded with a touch. the gold standard, so to speak ;)

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♪ neil: all right, you're watching the floor of the house right now. we know of three democrat no on this stimulus measure. they cannot lose more than three others at this point, but it looks like that might not happen. you need 218 votes to make this happen, and they think they're

very, very close to that on this stimulus measure and where it goes. charlie gasparino following this verying very closely, and the administration's push to make it happen. we understand that, assuming it does get p t president will sign it in a friday afternoon event at the white house. charlie now on all of this. hey, charlie. >> hey, neil. after this gets done, you can expect a replay of this debate and probably the same amount of votes on both sides of the aisle later in the year, because that's when we understand president biden is planning to spend some more money, this time on a massive infrastructure program. now, we don't know exactly how much he's planning. from what we are getting, from our wall street sources who are in touch with the biden administration, it's still in the rudimentary stages. you remember president obama back in 2008 did an $800 billion stimulus package that he was attacked on the left for being too small. so you would think that this

infrastructure package, i should say, would be at least a trillion dollars. but that's where this thing gets interesting. so what we do understand is they are planning this, and here's the interesting thing, neil, they are looking for buy-in from the big banks on this, and i'll get into how the banks could be effective this way. the point man in dealing with the banks on getting them to be active supporters of an infrastructure program is a senior adviser for the biden administration named cedric richmond. he used to be a congressman, he is now -- a lot of people compare him to having the power that valerie jarrett wielded back in the obama administration, a senior adviser that had the president's even more so than the even the -- the ear, even more so than the chief of staff. from what i understand, he's in constant contact with bank chiefs just about every day on various economic matters including the infrastructure effort which is something you're going to be hearing more about. again, we don't know how much it's going to be, but here's where the banks could play key

roles. we should point out if there is an infrastructure program, neil, we're talking banks making billions of dollars everything from municipal bond sales because they'll be some of that, but also financing projects that private companies are involved in. so jpmorgan, bank of america are going to make a lot of money. but one way they could influence is they spend a lot of cash on capitol hill, they could be going to gop senators and congressmen trying to push wide infrastructure, making sure we have a sound electrical grid, potholes filled, why it's good for the economy. and that's going to be the debate you're going to hear going forward. and, again, it's cedric wilson working with the banks, we don't know how the banks are buying in yet, but there is communication here because this is what the administration is planning. interesting day to break this story because as you know, we're just spending $1.9 trillion, now we're going to spend another trillion. we'll see what goes on. back to you, neil. neil: it's only money. charlie gasparino, thank you very much. not quite there yet on the final

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♪ neil: all right. quick peek on the house floor right now where they're very close to wrapping this up. again, we cannot gauge whether this is a done deal, at least three no votes from democrats. it would exist as the second most expensive single piece of legislation in u.s. history. of course, the $3 trillion coronavirus relief measure about a year ago is the only thing that was bigger. many argue repeated attempts to rescue the american economy in 2009 when barack obama came into office will dwarf this in anation-adjusted terms, but as a single piece of legislation, this is one for the history books. d.r. barton and erin gibbs back with us. it's going to get done, we assume -- i don't like to do that prematurely -- but assuming it does, still more stimulus via an infrastructure plan and all the rest. your thoughts. >> yeah. you know, coming up, neil.

and, you know, that's the one that we've always heard, we heard throughout the trump administration, the obama administration it was going to be a bipartisan bill with. but people are going to continue to argue what is going to be spent and where the money's going to come from. i just looked at the american society for civil engineers, my brothers and sisters over on the civil side of engineering, that looked at 11 out of 17 categories in their 2021 report got a d or worse. so there's lots of work to be done if we stick with, if we stick with fixing roads, doing productivity things and not venturing too much into childcare, health care and tagging on a lot of pork, this could be a useful one. but it's also going to come with a price tag on the tax side, i'm afraid. neil: yeah. for the infrastructure, you're right. they're marrying those two together. you know, erin, i'm just wondering if the unthinkable happens and this doesn't pass,

the markets would be disappointed, right? they talk a good game on deficits, debt and government spending, but they love the stimulus that comes with it. what would happen to the markets if this fell through? >> you know, i think they would assume that there would be some other version that would come through. this is going to be a disappointment. just if you look at profit expectations, they've essentially remained completely flat since december. so wall street has had this completely baked in. they've just assumed it's going to happen and it's going to basically hit around the second half of this year. so until i see big changes where we might push out profits a little further, do some types of revisions, right now wall street's not planning for that to happen, and they're still expecting this to hit pretty soon and really hit the economy in the second half of the year. neil: all right, guys. we're going to squeeze in a quick break here. of please don't go anywhere just in case. we might come back once this vote is established here, but it is the looking like they're going to keep a handle over

democrats, three democratic nos, we're told. they can't really start losing many more than that, more than three this thing is not done. we'll follow it very, very closely and come back as soon as this is decided. stay with us. .in . for more business. seriously, i don't have the bandwidth. glitchy video calls with regional offices? yeah, that's my thing. with at&t business, you do the things you love. our people and network will help do the things you don't. let's take care of business. at&t.

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neil: l so far we have only one democratic no on this. we are expecting two more when all said and done. one more than the first

incarnation in the house before it went back to the senate, back to the house. that would mean it does have enough wiggle room to be passed albeit by thinnest of margins of the president expected to sign off on this at a special event at the white house come friday. momentarily we expect this to go through in charles payne's hour. charles: thank you very much. we have an exciting hour coming up. i'm charles payne. this is making money. major indices rocketed out of gate. it mass been a crazy ride. investors are asking the same question, is the worst over? no one is asking about the retail investor revolution. it is real, it is powerful and it will be respected. with so many changing investment themes which one is going to win out? which names should be in your portfolio? i have some of the best eager to weigh in for you at this hour. neil mentioned house ready to