that's not a really big move, but look at the nasdaq, way up, and big tech way up. big tech very sensitive to interest rates. maybe they know something more than we do at this moment, but that is a very solid gain for the moths of this world -- microsofts of this world, up 2. and look who's here, david asman in today for neil. david, it's yours. david: good to see you, my friend. welcome to "coast to coast," i'm david asman in for neil cavuto. we've got a busy two hours straight ahead. newly-confirmed dhs chief saying the u.s. is on track to have the highest level of border crossings many 20 years. this as the white house and congress argue about a solution. and lightening the lockdown, wyoming easing up on restrictions for restaurants and other businesses. more states are doing it. we've got the governor of wyoming right here. plus, bracing for a tax hike. new details on how the biden

administration's thinking of implementing the first major tax increase in decades. and our market wizards on how this would impact the economy and stocks. but first, a top issue we are watching very closely, the price tag of president biden's next initiative, infrastructure and the huge tax hikes that could be on the way to pay for them. to fox news congressional correspondent jacqui heinrich in d.c. with the details. >> reporter: hi, david. well, the $1.9 trillion covid relief bill triggered a spike in deficit spending which set up $381 billion in cuts annually for the next five years. lawmakers are still trying to maneuver their way out of that, and the white house is already working on that infrastructure and jobs package. and that also needs to be paid for. we're hearing that tax hikes are on the table. progressives have long advocated for a wealth tax, and treasury secretary janet yellen said that's a consideration.

the white house wants to really avoid impacting the middle class. >> the president remains committed to his pledge from the campaign, that nobody if making under $400,000 a year will have their taxes increased. his priority and focus has always been on people paying their fair share and also focusing on corporations that may not be paying their fair share either. >> reporter: some of the options, bloomberg reports there are discussions around raising the corporate tax rate to 28%, up from 21%, paring back tax preferences for limited liability companies or partnerships, raising the income tax rate for earners making over $400,000 a year and raising the capital gains tax on millionaires. there are also reportedly discussions around increasing the federal gas tax which hasn't been touched since 1993 and hasn't kept up with inflation. the u.s. chamber of commerce has supported that idea, but there's lukewarm support among both

parties. and overall, getting republicans to sign on to any tax increase is going to to be tough. >> they'll start punishing success so they'll get less of it. let's face it, you tax anything, you get less of it, and that could be a very sad fact of what happens when president biden raises taxes. >> reporter: democrats are already complaining that when it comes to changing taxes, republicans are eager to help the wealthy but not as eager to help the needy. that's their perspective, anyway. david: jacqui heinrich, thank you. democrat senator ben cardin caught on a hot mic monday telling transportation secretary pete buttigieg how they plan to jam in trillions of more dollars, this time for infrastructure, without any republican support. listen.

david: woke up to the fact that there was a hot mic on. that's never a good idea. joining me now is "wall street journal" political reporter eliza collins. it didn't come as a real shock, most people expected this was how democrats were trying to get this bill through. on the other hand, you don't want to let your opposition know what you're doing, right? >> well, it's not a good move because right now democrats say that they want to work with republicans. there are a couple democratic senators who do not want to use reconciliation which is what they used on a covid relief bills which is what happened with just a simple majority. people like joe manchin have said they need a real bipartisan effort, soing something like this certainly doesn't help that. what it does do is carden might say they might ultimately get to reconciliation, but there's going to be buy-in from all 50 senators, and right now they don't have that.

david: but,tize saw, let's be clear -- eliza, joe manchin said he wanted a bipartisan deal. the democrats did not budge an inch from that $1.9 trillion from inception to the point he signed the bill. so for all the talk that joe manchin does about wanting a bipartisan bill, when push comes to shove, he's a democrat. he goes along with the democrats. >> he absolutely is a democrat who has gone with the democrats especially on these big bills. think the difference on infrastructure is like you mentioned on the covid relief bill, democrats didn't budge. biden had that one meeting with ten republicans and pretty immediately they put forward to use the reconciliation process. there was not much negotiation at all. meanwhile, on this infrastructure bill at least they're starting the process saying they want it to be bipartisan. pelosi did get her chair to work with their counterparts, so the bin beginning of the process is

different. i'm not saying it won't get to reconciliation, that's absolutely possible, and manchin did say he'd like to make a good faith bipartisan effort. he didn't say he would never support a party line bill, but the beginning of the process does look different. david: either he's not telling the truth, or he has zero backbone because he went right ahead with the democrats x they did not budge at all to make the covid bill bipartisan. does this plan have a price tag? i've been hearing it might actually outpace the $1.9 trillion that we're paying for the covid plan. >> so there isn't a clear price tag yet because i think the bill is still being worked out just how larging it can be, if it can be bipartisan if they're going to push it through on a party lain vote. but, yes, there have been numbers thrown around even larger than the covid relief bill which there's a lot of disagreement between the two parties on how to pay for these things. and so i think that they're

going to start to run into some issues especially if they want to make it even bigger than the covid relief bill where they couldn't get republicans. david: and, of course, a lot of the -- i always kind of stumble when i say covid relief bill because there's a lot, hundreds of billions of dollars in that bill that had nothing to do with covid in particular. a lot of it had to do with things that happened long before covid hit and won't be spent until long after of the pandemic is over. could it be the same with the infrastructure bill, that they try to shoe horn into something called infrastructure a lot of stuff that is not infrastructure? >> absolutely possible with giant bills all sorts of things get put in. there's also talk about adding earmarks back into the legislative process which allows for individual members to get money literally earmarked for projects in their districts. it makes things a little bit more bipartisan because people sign on because they want that money, but it does mean that things go into bills that don't necessarily have to do with the

original bill. so there's lots of talk, but when bills are huge, extra things certainly get put in. david: yeah. when you're talking trillions of dollars, a billion dollars doesn't sound like much. you just get a little billion here, and a little billion -- i mean, you know, it's just ridiculous. then there's the question of how you pay for it all, and we've run out of time, but we're going to be dealing with that. eliza collins with "the wall street journal", always a pleasure to see you. thank you for coming in. meanwhile, wyoming is reopening for business. the state is rolling back covid restrictions today including its statewide mask mandate. joining us now, wyoming republican governor mark gordon. governor, great to see you. i know you're quite busy. not only do you have the change in these covid restrictions, you also have a heck of a snowstorm to deal with, right? >> oh, we do. about 30 inches here in cheyenne, 45 in some places. yeah, it's been a big snowstorm.

david: hopefully, that'll melt away quickly are. congrats on the opening, and i'm just wondering is there any pushback? i know wyoming is a pretty conservative state. they weren't crazy about the lockdowns to begin with, but is there anybody saying you're opening too quickly? >> well, i'm sure there will be. we've taken a very cautious view all the way through. we were one of the last states to actually put a protocol on, lasted only three months. we never shut down really. and, you know, we kept businesses going right along. there have been some restrictions, but we're easing all of those, taking all of those off. and i think what i'm hearing around the state is a sense of relief we've done our job. there was a time last fall when we saw our hospitalizations way up. that's now down. we have come through, people in wyoming are doing the right thingment we're asking -- thing. we're asking them and they're taking the responsibility for themselves. david: now, we just put up some figurings of how many -- figures

of how many shots have been administered. what percent of the population has received at least one shotsome. >> well, right now we're right about 22%. 17 of our 23 counties are going to the general population on vaccines. most everybody else is down in the 60 plus range. we really are moving right along with our vaccination program, and it's working pretty well. david: now, is the distribution all your doing? are you getting any help from the feds at all, or is everything going along smoothly enough so that you don't need to change any of the protocol? >> we're doing quite a bit at the state level. and initially the federal response was a little bit clunky, and now we're kind of working it out. we're a small state. it works pretty well to get our distribution system going. i am happy that the federal government did relax some of the protocols they had around it so that we could actually get the

vaccine out to people. david: and, of course, none of us would have the vaccine were it not for operation warp speed to begin with. let me just ask specifically what businesses were hurt most by the lockdowns and what will be benefited most by the reopening. i imagine ranching and farming, because they're wide open spaces anyway in wyoming, it wasn't affected that much by the lockdowns. maybe i'm wrong though. >> no, actually, ranching and farming -- i'm a rancher myself. you know, people had calfs coming this time of year last year, they're usually out in the field anyway. the farmers were in the fields planting, so agriculture was really, you know, it might have been hit a little bit, particularly world producers. but, by and large, pretty good. i think it was mostly restaurants and bars. that was where the biggest impact came from. really the hardest thing for us, and it's part of this biden ban on oil and gas, you know, the

hardest thing for wyoming was that we were hit with plummeting prices on isle and gas sector -- oil and gas sector. david: right. well, and what about the future there? you know that this administration has, wants to be out of carbon energy entirely in just 15 years, which i think is spectacularly, from their perspective, optimistic perspective. but the destruction of jobs and the frustration that a lot of us have as we go to fill up our cars to realize that all of just the talk alone is causing gas prices to go up. what happens when they really start to implement a lot of these carbon-neutral policies? >> well, it's truly extraordinary, what it's done to the job market here in wyoming, really across the west. anybody who had federal lands, this biden ban has been really problematic for all of us.

i've talked with governor grisham from the other side of the aisle, and we both are experiencing some of the same issues. but really, you know, in my state of the state i talked about this is an administration that talks a lot about science, but the policies seem a lot more like science fiction. if you're going to try to do electrification, how are we going to build our roads? you just had a section on the deficit. one of the biggest wealth generators many our nation's history is our might mineral in. you're going to cut that out or move it offshore with these policies. david: and blackouts. we're already having rolling blackouts in california. imagine the blackouts if we go too soon to cut the ties with carbon energy. i mean, we're going to have blackouts all over the nation. >> oh, absolutely. and, you know, not to double down on the experience we just had with texas and others, you know, we need an all energy portfolio, one that can be resilient, that has stockpiles

next to power plants which is what coal can do. it has a good distribution system which is what pipelines can to and a really good grid that's got to be upgraded. so we have a lot of work to do. david: and i kind of like it when americans like you are in charge of our energy, not the oil sheikhs or the russian president or whomever. governor, we have to leave it at that. great to see you. good luck cleaning up after the snowstorm and congratulations on the ends of those lockdowns. i'm sure the people are very happy about that in your state. appreciate you coming on, governor. >> thank you very much, david. david: thank you too. coming up, texas attorney general ken paxton is fighting back against president biden's immigration policies. his plan of action right after this. ♪ ♪

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♪ >> we're a very economically depressed community. we can barely afford to take care of the people that we have here in our community now, and as of the 2nd, border patrol advised us they're basically going to drop people off here and do sort of like this and they're your problem.

david: hell of a story. that's from a mayor on the border. and that is our second major story of the day, the crisis at the border. the biden administration opening new migrant shelters to deal with an overwhelming surge at the border, but guess what? the white house still not calling it a crisis even though they are now blaming the trump administration from whatever it is they're calling it. now signs more that migrant caravans are heading to the border, and congressional democrats still lack a concrete strategy to address the surge. chad pergram is live on capitol hill with the very latest on what congress is doing about it, if anything. chad. >> reporter: good afternoon, david. immigration and border security are front and center again. the house majority leader, zebny hoyer, says democrats will pass their own version of comprehensive immigration reform in the coming months. it's unclear if that would solve the problem at the border. the issue is more toxic than ever. >> they won a big election by

aiming their venom and rhetoric at a central figure of the white house. now that individual is no longer there, and what do you do? they're continuing to blame donald trump. >> reporter: senate majority whip dick durbin says there isn't support to tackle a major immigration bill in the house and certainly not in the senate where you need 60 votes. gop south carolina senator lindsey graham said the problem advancing immigration bills used to be on the right, now it's the on the left. democrats a accuse the gop of making a legislative solution impossible. >> immigration is always the go-to topic, the prop, so to speak, that they use. my community becomes a prop for them so that they can continue to feel the divisions in our country. >> reporter: that's why the house would take a piecemeal approach. this week two bills up on thursday, a road for dreamers to become citizens, and a bill to grant legal status to migrant

farm workers in another. even those bills will garner a few gop votes. david? david: chad, thank you very much. well, republican state the attorneys general are increasingly turning to the courts in hopes of preserving pieces of former president trump's hard-line immigration agendas. president biden hurries to roll back those policies. texas attorney general ken paxton joining us now. attorney general, good to see you. you know, the trump administration really turned around a bad situation with this stay in mexico policy and a lot of other moves that stemmed the flow, and yet now you hear the biden administration blaming the trump administration for what's happening at the border. what do you make of that? >> i think it's crazy. i mean, if you look at what trump did over a period of four years, it was really remarkable. i haven't seen a president do a better job with stemming the tide of illegal immigration, and he did it all kinds of different ways from empowering border patrol and starting to build the

wall and then just sending the message, hey, you're not going to come here, sneak into our country. you're going to wait in mexico or somewhere else instead of getting this deal where you just disappear. so now that biden has undone all of that, we can see the consequences, and they're pretty devastating. and it's pretty amazing that now he would blame trump when he did just the opposite of trump, and it hasn't worked. david: the interesting thing about the stay in mexico policy -- by the way, i think that's what turned around the caravans. practically on the day that bill was signed, and it was signed with a left-wing president of mexico. one would expect president biden to appreciate the fact that you have a left-wing president of mexico signing a bill on immigration that shows, with a conservative republican president. that might be something you would want to hold on to. but, no, the first day he was in office he had this 100-day freeze on deportations that would have allowed mexico to keep these immigrants. >> well, there's no doubt that

policy is at work and that mexico benefited from it as well along with the people coming up in the caravans who were risking their lives -- david: that's right. >> -- and involved sometimes with drug trafficking and smuggling of humans. it worked really well for the entire country and really for our border countries. david: and, by the way, i have heard -- and maybe you can correct me -- that almost 100% of the kids who are coming over unaccompanied are being controlled by the drug cartels for various reasons. one, they get paid almost as much in human traffic as they do in drug traffic, but also it allows them to sort of direct the attention of border patrol towards individuals. of course, they want to save the lives of children, is so that allows them to busy the border patrol with taking care of the kids while they're smuggling drugs into different parts of the border. is that true? >> well, you know, i don't know for sure, but it certainly seems to be the case.

it's a very smart strategy because, you're right, it detracts from their focus on protecting the board and pushes them to focus on these thousands of kids who need to be taken care of who are at risk of being hurt and harmed. so if they're not doing it on a massive scale, they certainly will head that direction because it's working. david: and talk about the pressure on your state. one, the financial pressure. we heard your governor with say it was at least $800 million is going to have to come out of the texas coffers to pay for the increased border patrol, the statewide effort to take care of this surge. and there's also a human cost to all this. i mean, there is the fear, there is a real, realistic fear when you think of the fact that i.c.e. arrests have gone down by a fact toor of three even thoug, clearly, there are no less dangerous people coming across the border. so there's the financial cost, but there's also the fear of the people of texas of what's happening, no?

>> no doubt. i was in the texas legislature for 12 years, and we had to deal with it almost every session coming up with money that would have otherwise been used for programs for the good people of our state, the health care, the education, the law enforcement costs. the hardest thing for me was stepping in front of a family that had lost somebody because somebody came in all legally -- illegally who maybe harmed or killed one of their family members. those were the harder conversations for me, and that's a reality especially as you look at a what's going on with the covid and the spread of covid, they're bringing covid here, and they're putting it all over the state. david: so talk about your lawsuit and specifically how you intend to use the law in order to change the situation at the border. >> well, what he did, what the president did on the first day was said i'm not going to enforce federal law. you can come across the border, we will not deport you for the first hundred days. we have an injunction that supposedly stopped that, but we have not had a chance to go into

court. we're hopeful that once we get to the merits of this case, we'll be able to show the courts that they are clearly violating federal law even with the injunction and get this stopped so we can protect the people of my state and the people of the country. david: there is also another lawsuit i want to talk about which is the one that you are pushing against the city of austin which is against the governor's opening of all the lockdowns including face masks, etc. they want to keep the face masks, you don't. what's happening? what's the latest in that lawsuit? >> so we filed a lawsuit against the the city of austin, as you mentioned, and it's not my particular opinion, it's the executive order which is authorized by the governor that says these government officials cannot punish in any way anyone for not wearing a mask. now, a business can make that decision, that's okay, or an individual can make that decision, but a governmental entity like the city of austin or the county of travis cannot force that andism pose penalties -- and impose penalties. it's illegal, and that is what

we're trying to stop. david kidd isn't it up to local officials, you're a states' rights, conservative kind of guy. wouldn't you apply that also to cities within the state? don't they have a certain amount of authority to run things according to what their citizens want? >> so this is related to the disaster relief act. so this comes from specific statutory authority of the governor. the cities don't have the authority to override that. now, they have the right to come to the legislature and ask for that, but that would have to be granted by the legislature. the legislature control ares what goes on in the state, not individual cities and counties. now, they can be delegated this authority, but they need to go back and do it the right way. david: finally, attorney general, we saw a video of a woman in a bank who was handcuffed and arrested because she didn't have a mask on in a bank. now, i know it was a private company, the bank was a private company and the laws that apply

in the street the or on government property don't necessarily apply inside of a company. however, is there anything you can do to protect citizens that are attacked, i would say attacked, i mean, you look at the video, by police or private security for not wearing a mask? >> yeah. so, as i said, businesses have the right to have their own rules. it seems a little farfetched, though, that they would handcuff her. i think just asking her to leave is more appropriate, and i think she may have a cause of action if they abused her while they were basically forcing her out of the building. as i said, individual businesses can make their own choices, and then consumers have the choice as to whether they want to go to a business that has a mask or doesn't have a mask, completely up to them. i didn't see the tape, but abusing this woman -- david: you've got to see the tape. i mean, it was way, way out of line. she was a 65-year-old woman, she was wrestlinged to the ground, punched and then handcuffed. it was pretty horrible to see.

but, you know, we'll -- hopefully, she'll get justice in the civil courts. good to see you, attorney general ken paxton, appreciate it. after a short break, california finally taking steps to open up again. why many small businesses are saying too little too late. ♪♪ ♪ ♪ (upbeat music) ♪ ♪ ♪ ♪ ♪ ♪

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♪♪ david david well, california finally is taking steps to reopen its economy, but for many small businesses this may be happening too late. republican california congresswoman young kim joins us now. great to see you, congresswoman. i just want to start on governor

newsom and the recall effort, if you don't mind, because he is now blaming the recall effort on white supremacists and people who are anti-immigrant. did you ever think as an immigrant from asia that you would be called a white supremacist who's against immigrants? >> it's far-fetching accusation. i'm a legal immigrant who came to this country through the legal process, and i understand the contributions that the immigrants make to this country. so to be called any other -- i mean, to be called names any other than thank you for doing what you're doing to make our country great and making this country the wonderful, you know, countries that is making so much contributions by the immigrants is absurd. david: but it kind of shows the desperation if, i think, on his part, that he would look at someone like you and call you a white supremacist. but that as it may, i'm just

wondering, now they are opening -- thank god -- the economy. is it, is it too little too late? i mean, he made so many mistakes with the lockdowns not only in terms of mistakes that hurt small businesses, hypocritical mistakes in which he violated his own edicts, is it too late for him to take the any credit for the opening? >> well, he sees the writing on the wall when he sees over 2.1 million signatures trying to recall him. he comes out with the, you know, new guidelines that we're going to open up all of our, you know, businesses and open our communities all of a sudden without the data to back it up. but, again, never too late. he's doing the right thing and helping us. hopefully, this is with good intention. let's think of it this way, look, california small buzzes have been hit -- businesses have been hit hardest by the

pandemic, and there were nearly 40,000 businesses closed, and almost half of them are closing person innocently. and we've had -- permanently. and we've had billions of dollars in the paycheck protection program funding that is unspent. there is almost $120 billion that is unspent, and businesses need more time to access it. is so i have been able to work across the aisle with my democratic colleagues to introduce a, you know, the bipartisan legislation that will simply give our businesses two more months, through the month of may 31st, to apply for ppp funding and the small business administration an additional 30 days to process applications. this is a targeted, common sense relief extension. ppp funds -- [inaudible conversations] david: i mean, that's so key because a lot of the big businesses in california have done quite well during the pandemic. silicon valley did so well, made

so many more billions. it's expected that you had a tax winfall from the -- windfall from the silicon valley companies of $20 billion. but the small businesses, the small restaurants, i mean, we had that great example of the woman restauranteur who had her own outside restaurant closed down, but she went and took pictures, took videos herself of a big studio in hollywood that had an outside dining facility for their workers that was far more covid-producing than anything that she had. i mean, the focus -- you always hear the governor talking about the little guy, but he's been focused on protecting the big guys and not worrying about the little guys, no? >> seems that way. so that's why i am looking after the small businesses which is the bread and butter, and they are the engine of our economy. as a member of the small business committee, i am very, very happy to have been able to

work with chairmen and the ranking member of the small business committee with my democratic colleagues to introduce this very targeted, common sense relief. so i hope that this legislation, the paycheck protection program extension act, will pass. it does have a very good chance of passing -- david: good. >> and once it's passed through the senate, we will be able to bring in this additional, immediate, targeted relief. david: it is extraordinary that you're succeeding as a first-term congressman, you're succeeding in getting a bipartisan act together like this that is so important for small businesses. congrats on that, i hope it is successful. congressman kim, appreciate it. >> thank you very much for having me. david: of course. president biden eyeing the first major tax hike in almost 30 years. should investors be worried? that's next. ♪ ♪ [speaking spanish] ♪

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♪ david: president biden reportedly planning the first major tax the hike in almost 30 years. there was one under obama, i guess they don't consider that to be a major, but the market doesn't seem to be responding. let's bring in scott martin and brian wesbury. scott, i think so far the market is more happy about all of the ends of the lockdowns. we just talked about even california is now ending a lot of its lockdowns. they're more focused on that than they are the rising costs of doing business because of tax hikes. what do you think? >> yeah, i agree, david. and, let's face it, you know, some of the spending needs to

wear off too. i think eventually the market will come to grips with tax hikes. now, maybe there's one thing, too, going on, david, where maybe they think some of this stuff is just pomp and circumstance and won't get all the way through. but if you look at companies going forward facing higher taxes, that's definitely going to hurt jobs but also maybe make companies more efficient, drive up productivity, revenue per employee. so there's maybe some good things that could come of this, but if they are draconian as they seem, that could definitely impact stock prices. david: brian, i'm not too worried about the wealth tax because i think it's unconstitutional, it would go to the supreme court concern. >> right. david: -- take years to deal with, and also americans, it's just un-american. people don't want tax police digging up their backyard looking for buried gold and jewelry and pictures and so forth. [laughter] it's just a nasty tax that i don't think will pass muster. but when i look at the fact that they're thinking of paring back -- and i'm quoting from an

article here -- paring back tax preferences for so-called pass-through businesses, most businesses in america are pass-through businesses. >> right. david: a lot of people who are small business owners who pour their income back into their -- they pay their profit in terms of income tax, and they pour their money back in from their profits back into their business. they're not millionaires each though it may appear so on paper. >> right. right. i mean, this is absolutely correct. and i want to, you know, ditto scott for what he said except for one thing. i do not believe tax hikes have any positive impact on the economy or productivity or job creation. none, zero, nada. and so then to go to this pass-through tax, you know, you either pay taxes at the business level, or you pay them at the individual level. and so if there is pass-through income, individuals pay the tax.

and so if you start to tax it in both places, you're now double taxing, and that really harms growth over time. one of the things that i think the market is looking at today is, look, we just spent $1.9 trillion on top of about $4 trillion last year. we're talking about spending $2-4 trillion more and hiking taxes. the tax hikes won't go into effect until next year. the initial phase of borrowing on our credit card to spend actually boosts economic growth in profits, so that helps the market. so what we have is kind of a medium to long-term problem while in the short term we get to live with the sugar high -- david: let me let scott back in here. of hold on a second, brian, because, scott is, the fact is it looks like this administration is thinking of making the same mistake made by the obama/biden administration just when the economy's getting back on its feet.

that's when we get new taxes, new regulations, of course, we've already had regulations in the energy field. but we could be suppressing a takeoff of the economy in 2022. we'll see that initial phase this year because the whole, all of the end of the lockdowns are going to create a boom. but just as we're getting back on our feet again, we could come down with the cost of doing business because of regs and taxes. >> yeah. it's back to the you didn't build that phase -- david: right, exactly. >> -- from obama. and that's a scary thing too. you have these small businesses that have actually made it through the government shutdown and the government force of closing them down because they knew better. and now these businesses that have made it through by the skip of their teeth, which is very, very small, by the way, they actually say now you've got to pay more because you actually made it. you know, you have to pay for all this malaise and this excess creation. we need it because the

government took away everybody's liberty and told them what to do with their business and personal lives because the government knew better. that's is the care scary part. you're right, taxes are bad. maybe it does make businesses more efficient in some way, but tax money when the government says we know what to do with your money better than you do, that's where i get worried. tax money is just a euphemism for them -- david: there's not a lot of skin on anybody's teeth. brian, i wish we had more time. >> that's all right. david: you guys were terrific. thanks for being here. spring break is back in full force in the sunshine state. a live report on exactly how florida's opened and keeping people safe right after this. ♪ say geronimo. ♪ ♪

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act now. 50 years or older? ♪ david: spring break is in full force in florida, the city of clearwater, florida, is trying to keep beachgoers safe without restrictions by rewarding vacationers with gift cards to follow covid-related practices. our own ashley webster is live

from clearwater. i just want to know, how much did you pay to get that assignment? [laughter] ashley: i can't reveal my sources, david, but eat your heart out. listen, march and april are the critical months for places like clearwater beach, and this time last year they were completely shut down. i'm going to get out of the way and show you how crowded this beach is. it is packed. now, because the video is condensed, i will say that most people are staying 6 feet apart. i have to say, though, the youngsters here -- especially those high schoolers on spring break, well, they're doing what high schoolers do, they're playing on the beach. but business is open in clearwater. let's not make any mistake about that. the restaurants and bars fully open, even the nightclubs. they, too, are open til 3 a.m., i'm told. there is no curfew. we've seen the problem in miami beach with that midnight curfew just almost impossible to enforce. no curfew here. and as you mentioned, david, gift cards. there are teams, roving teams

giving out $25 gift cards to those people they believe are playing by the rules. i spoke to the general manager of this pier, and she says, yes, it's much better, but we still have a long way to go. take a listenful. >> it is so encouraging to see things opening up and families coming out and visiting again. and to have them come out and have that little slice of normalcy in life, we love to have our visitors. everyone is doing really well with the distancing, like you said. the cabanas are separated, they're working really hard to keep it that way. ashley: a slice of getting back to normal. isn't that great, david? people having a great time. by the way, occupancy in the local hotels, 70-80. still not up to pre-pandemic levels, but a welcome sight for businesses. the beautiful sight is all the people and the cash registers ringing. that is a beautiful sound as well. back to you. david: and i begrudge you nothing, ashley. i'm very happy you're down

there. [laughter] ashley: thank you, david. david: now to charlie gasparino who would love to be in florida right now, he actually has the latest on crypto companies. it's much better to be stuck here in new york than florida, right? >> i used to live in clearwater. i was a reporter at the tampa tribune back in the day. david: my goodness. >> there are worse assignments. i'm going to have to do some investigative reporting on that. [laughter] i've been doing a lot of reporting on cryptocurrencies, david, and here's what we know. we're going to see a flood of cryptocurrency apps, you name it, anything related to the, to this business probably go public in the summer. it's pent-up demand, it's likely, they're likely to go public through spacs. and this is going to be a big story because it's going to, essentially, marry the spac craze which, as you know, is special purpose corporations, and it's easier way to go public, less regulated, with the cryptocurrency craze. so you can almost guarantee

massive regulation is coming from the biden white house and the sec under gary gensler. here's what's really interesting, there are going to be some big names going public. coinbase already announced it's going public, potentially through a spac. we understand that cracken, i don't know if you've ever heard of this company, they're a cryptocurrency exchange, they're hiring a public -- eyeing a public offering sometime next year. that's a pretty big push for this business because this is one of thosics changes that, you know, is starting to normalize cryptocurrency. similar to the way the new york stock exchange and nasdaq normalizes stocks. if they go public, that's a big thing. and we do understand that they are talking about it sometime next year east through a spac or through a traditional ipo. again, david, the notion here is that spacs and crypto are gaining widespread acceptance from average investors. and you see it in these, in these public offerings.

and you're also going to see it with more regulation, from what we understand. dade david everybody always asks me what about the cryptos, and i say watch out for the regulations, because they're coming. we know they are. charlie, thank you very much. we'll have much more right after this. re. why don't you call td ameritrade for a strategy gut check? what's that? you run it by an expert, you talk about the risk and potential profit and loss. could've used that before i hired my interior decorator. voila! maybe a couple throw pillows would help. get a strategy gut check from our trade desk. ♪♪ ♪ ♪ it's not "pretty good or nothing." it's not "acceptable or nothing." and it's definitely not "close enough or nothing." mercedes-benz suvs were engineered with only one mission in mind. to be the best.

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♪♪ david: and welcome back to

"cavuto coast to coast." i'm david as aman in for neil cavuto. the dow slips away from record territory, but the s&p 500 is sitting at all-time highs thanks to big tech's strength. susan li is in the newsroom with some of the biggest tech and business headlines. hi, susan. susan: yeah. let's start with the latest investments of nfts, we had that record breaking $69 million sale last week that shocked everybody, and never one to miss out on a trend, elon musk, of course, is now selling some of his techno music in an nft. this was offered on twitter yesterday. in response to this, the picasso of the nft world said he'd pay $69 million for it, and that is the same amount his artwork sold for last week, even going so far as tweeting out a nonfungible elons. get that?

don't we just love these new friends? let's move on to dick's sporting goods launching a new higher end men's line. it'll offer hoodies, joggers and t-shirts ranging from $30 to $120. now, this is meant to compete with lululemon, not competing with under armour and nike, and it seems to make sense because it's a hot trend. by the way, dick's sporting goods is up 40% before this year and, yes, we're only in march. meantime, tiger woods is back on the gaffe course, virtual, that is -- golf course. he has agreed to a partnership with the 2k franchise allowing them to use his name and likeness. woods has been missing from a golf game since the end of his partnership with electronic arts, ea sports, back in 2018. and finally the apple car might be closer to reality with front-runner -- looking to build

its electric car plant in the u.s. or mexico, and when asked, they just said it's a rumor at least for now. you never know in the future. foxconn always puts together the apple iphone, as we know, and they have a longstanding partnership and relationship and, yes, they are the front-runner according to reports. remember, they had also already that $10 billion -- [inaudible] came with a lot of huge rahtive tax incentives. never came to fruition, so this might be a chance to revive that project, and it hopefully comes with thousands of jobs. david: the one thing i know that before anybody has the news on an apple car, susan li is going to have it. [laughter] susan, thank you very much. as if politicians are not spending enough of your hard earned money, lawmakers making a big push for the next big ticket item. democrat senator ben cardin caught on a hot mic telling transportation secretary buttigieg how democrats plan to push for trillions of dollars more in spending.

this time for so-called infrastructure spending. fox news chief washington correspondent mike emmanuel has the details. it's just man in from heaven, right? >> reporter: exactly right. revealing a candid moment between the senior democratic senator, maryland senator ben cardin and pete buttigieg were at an event in maryland when cardin talked about an upcoming infrastructure package which could have a price tag the of $4 trillion and democrats going it alone instead of the 60-vote threshold. of >> r eporter: it's been thought for

years that a massive infrastructure bill was one thing both parties could get behind. there were expectations republicans and democrats would have gotten it done in the trump era in hopes of bipartisan emphasis and president biden selling unity. a key senate republican sounds disappointed. >> they don't have any intention of working with republicans this year. as senator cardin said, they're just going to ram it through, do what they want to do, and they don't have to have the republican participation. it's a sorry state that we're in right now from an administration that has said they would be willing to work in a bipartisan manner, and they haven't shown that one bit. >> a 50-50 senate, tough to get things passed, some thought infrastructure could be the last big bill of this congress. david? david: when buttigieg realized it was a hot mic, maybe we should move off to the side to talk about this. you don't want to let the opposition know what you're thinking. thank you very much, mike, great to see you. appreciate it. well, tax tensions looming in washington. that's how they plan to pay for

all this stuff. president biden reportedly planning major tax hikes for the first time in nearly 30 years, but markets seem to be brushing it off pretty much. reaction now from market watchers shana sissel, sean o'hara and mitch roschelle. shana, i looked at all the different proposals from the wealth tax, so-called, really a confiscation tax to taxing small businesses more, the so-called pass-throughs which are just small businesses. the lowest hanging fruit are to raise capital gainses tax particularly on those making more than a million dollars. do you think that is eventually what we're going to see or at least for first cracks with the democrat tax hikers? >> it's likely that it would be something like that, but if you do the math and there are several different organizations that have done that a math, it doesn't even make a dent -- david: exactly. >> -- in the spending and in any sort of deficit. so broad based tax increases are

going to have to happen if there isn't going to be some sort of reform in terms of spending. and we all know that that's unlikely to happen. so overall, they'll probably start with the low hanging fruit, and then it will move down throughout the rest of the income earning population. david: you know, sean, there was a time when a democrat, bill clinton -- and jfk before him -- saw the benefits of lowering tax rates. bill clinton lowered the capital gains tax down to 20%. i can't remember, i think it was up close to 30% when he lowered it down to 20%. we had this boom in the stock market as a result. will the opposite happen? first of all, do you think democrats will ever see the light of lower tax rates once again? but you look at what happened specifically, the boom that happened in the market where we lowered capital tax rates happen again under the trump administration? will we see the opposite when they raise taxes? >> look, david, thanks for

having me on. i think that's the case. it's kind of fun to sort of look at this through the lens of history and watch this same mistake being made over and over again. you tax what you want less of, and what we need more of today is investment. and so this is a pretty troubling development. i didn't think they would stop talking about it this early because of where the economy is, but i think you need to pay anticipation to the schedule and the psyching -- attention to the schedule and the cycle. it looks like maybe in the fall they'll vote on it, and i think what will happen as a result of that is you'll see investors start taking gains to pay less in taxes as a result of the increasing capital gains rates that will be expected in 2022. david: and, you know, mitch, we talked about small businesses before, of course, hit the hardest by the pandemic lockdowns. most u.s. businesses are small businesses, and they are, they're not corporations, their properties are tax -- profits

are taxed under the individual rate. if those rates go up, what happens to those small businesses particularly after all of the lockdowns and they're just beginning to get their head above water? >> and, david, let's remember that small businesses are the job-creating engines of the country -- david: absolutely. >> a year ago we were saying those with 50 employees or less creating five times more jobs than those businesses with 1,000 employees are more. -- or more. the tax cuts and jobs act gave a special deduction to those sole proprietorships, partnerships and the like so they could continue to create jobs. and the thing we need to do right now, because we are nowhere near full employment, is to continue creating jobs. where do we look? small businesses. taxing them, that's just going to slow down job creation. david: shana, we always hear from democrats that they're most concerned about9 the wealth gap. well, in fact, during the trump tax cuts from 2016-2019, median

incomes in this country rose by 5% from 201 to 2019 just before the pandemic. families at the top of the income chain actually did worse than the people in the middle percentage wise. 9 so, i mean, if you want to shrink that wealth gap, it looks like tax cuts work better than tax increases. >> well, you're absolutely correct. and it's also really good for getting reelected. if we all recall, you know, the famous words of george bush sr. were read my lips, no new taxes, and that -- when he raised taxes, that's what lost him the election. ultimately, tax cuts win elections and, ultimately, they'll pay the price if the little guy gets hurt by taxes going up. and ultimately, we'll find out how that will progress and when they'll decide to do this, but what we know for sure is that

raising taxes on anyone, especially small businesses and individuals as we are coming out of an economic downturn like we've seen is a bad idea. david: right. >> and that there will be serious ramifications if they do decide to move forward -- david: we saw it happen with the 2011-12 tax increases of obama/biden, that's what stalled the recovery. very quick, lightning round, the wealth tax, i don't think it's going to get through, i don't think it passes the smell test with regard to being unconstitutional and against american values. sean, is it going to pass or not? what do you think? quickly. >> probably not. i think it is unconstitutional. but, you know, the trend lately is that the rules don't seem to matter, so -- said david well, that's true. mitch, what do you think? is it going to pass, wealth tax? >> i don't think so. if you look around the globe, cubs that have -- countries that have put one in place, they've been quick to repeal it. there's only six, there were as

many as twelve. proof is in the pudding. david: it doesn't work. shana, what do you think? >> no, i agree with mitch, it's been shown time and time again that it doesn't work. david: we're talking about all sorts of things that haven't worked, and they're doing it again. i think sean has got a point -- [laughter] >> exactly. david: -- it's a scary one. thank you very much, panel, i appreciate it. new signs of new caravans headed to the border as the white house faces backlash for not calling it a crisis still. casey stegall has the latest from the southern border. casey. >> reporter: and, david, that is also causing space to house all of the migrants to run extremely tight. so tight the feds are turning to a metropolitan convention center. we'll tell you where in a live report from the border next. ♪ ♪

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border as the feds scramble to cope with all the influx. casey stegall is live in alamo, texas, with more on this. casey. >> reporter: david, good to see you. the chief border patrol agent, in fact, for the sector that we're in, which is the rio grande valley sector of south texas, and this one sector alone covers roughly 277 miles of the southern border with mexico. the chief says that over the last couple of days his agents have arrested almost 250 migrants traveling together, and that was in two the separate groups. so far this year he says 17 groups of more than 100 at a time have been apprehended, a number he says and the do data shows is going up. meantime, the feds now getting a bit creative with finding places to hold the overflow migrants that they're running out of space to house down here along the border. now the dallas convention center

will be converted into a fema and hhs-run and managed holding facility specifically for teen boys, and it will be open for at least 90 days. >> there's going to be some number of kids here this week, maybe a few dozen, maybe a few hundred, and then i think over time it could be in the thousands plus. >> reporter: speaking of thousands, the overall bed capacity or the maximum bed capacity at that location is 3,000. so they're preparing for at least 3,000 there at that one convention center. david? david: wow. casey, incredible. by the way, that wall that i see, the piece of the wall that i see behind you, is that where the trump building of the wall ended? >> reporter: yes, it is. there are pieces of it that are just abandoned at this time. and the owner of the property that we're on says that the

contractor that was, won the bid to do this particular section is losing about suggestion figures a day -- six figures a day because all of the equipment had been secured. there's also issues and concerns because they're working along the levee system here, and they've done a lot of excavating and brought in a lot of heavy equipment, and there's concern that with hurricane season approaching, that with this at a standstill they've got to get this levee fixed at the very least before the bad weather comes. david: unbelievable. thank you very much for that report, casey. meanwhile, arizona mayor chris riggs saying he is outraged over the feds' plans to drop off illegal immigrants in his community. take a listen. >> as of the 2nd, border patrol advised us they're basically going to drop people off here and do sort of like this and they're your problem. and we just do not have the ability to care for these people

and, quite frankly, it's going to cost us tens of thousands of dollars a year. david: let's get reaction now from national border patrol council vice president art del cueto. art, it looks as though the feds are doing nothing to help the small communities in dealing with this crisis. >> you know, the problem right now is the amount of unaccompanied juveniles that are coming across, the family units that are coming across, there's no housing for them. the detention facilities are way past capacity now. so they're being turned over to i.c.e. i.c.e. takes over, and they're having to release them because there's just so many of them coming across. we're past crisis mode at this time. now, another issue i that's big and compounding out here in, there's gotaways. the gotaway numbers are huge. those the people that we don't know who they are that have managed to elude authorities that have come across the border. and as of right now, i'm hearing

over 40,000 gotaways in the tucson sector alone. that's an entire city. david: wow. >> and we don't know where they're going, how many have actually come through because that's just an estimate, and then we don't know their intentions. david: we are hearing from the biden administration, jen psaki, the spokeswoman, says we are sending back far more immigrants than are coming across the border to which you would say what? >> so there's certain individuals that are being sent back, but at the same time people from ecuador, family units from venezuela are not being sent back, and that's what's coming across a lot also. but what i would really say is i'm concerned with the 40 plus thousand that we don't know who they are, we don't know where they're going. those are something that should be concerning because realistically, as i said, that's just a made-up number of what they think is coming across. you don't know who they are and

the real number. i can tell you it's, for sure, a lot more than 40,000. david: and, art, i've looked at the i.c.e. numbers. in the month of february we had about, less than half, i think it was about a third of the number of i.c.e. arrests that were done in the months preceding. and, of course, that's despite the fact that we've had far more people flooding across the border. so one would expect the i.c.e. arrest numbers to be more, not so much less what's going on there? >> well, the thing is you're taking a lot of the immigration officers from doing their regular job, and now their having to do other -- they're having to do other jobs like take care of the unaccompanied children, these family units. there's areas where they don't have the proper facilities for shower, so you have agents that are transporting, you know, unaccompanied juveniles from one facility to the other just so they can have shower services and then bring them back, turn them over to i.c.e., and i.c.e. is having to release them or find some other organization that'll take them over and try to find a family member within the united states.

all the while this is becoming a bonanza for the criminal cartels. david: then we have the asylum claims. and we know that people have always fudged on asylum claims, but senator cotton today asked the head of the u.s. southern command if migrants from honduras, el salvador, guatemala, the four main countries from central america where these immigrants are coming from, are being persecuted in their home countries based on race, sex, ethnicity, religion or political views, and the admiral said, no, to which senator cotton said, well, if it's just economic problems that they're having, that's not enough to claim asylum. but are people with just that problem being able to claim asylum right now? >> so the problem is they actually claim the asylum, and they're waiting til they get to talk to an immigration judge so he can see their asylum case. what needs to be done in a good fix is send more asylum judges and immigration judges directly to the border, hire more of them

so they can look at these cases quicker and actually expedite this instead of causing the issues we're having right now. david: and when you think of what happened with the border in terms of during the trumped a managers, the walls -- trump add manager, the walls going up, the stay in mexico border which i think was the most significant factor in stopping the flow, stopping the caravans and other things, and yet the biden administration is now blaming the trump administration for the problems they're having at the border to which you would say? >> the policies that were in place before not only stopped the illegal flow, it stopped the false claims to asylum. what they've done under these new policies, or should i say lack of new policies just removing the old policies, is they've opened up the floodgates. this falls on the hands of this administration. david: is it too late to go back to stay in mexico? >> you know, you have to do other things in place and be

able to apprehend the individuals that have entered at this point already illegally and try to send some of of those individuals back. look at what you have in the holding cells. it's never too late. something definitely needs to be done, but as i said, we're past crisis mode. something needs to be done, and it better be done quick. david: thank you for your service, art, as always. pass our thanks on to the fellows as well. >> thank you. david: after the break, former macdonald's usa ceo ed renzi is here. -- macdonald's. why he says americans need to start taking back control of the whole government, get the whole country up and running right now. ♪ wouldn't it be nice if we were older -- ♪ then we wouldn't have to wait so long. ♪ and wouldn't it be nice to live together -- ♪ in the kind of world where we belong ♪♪ rs a digital world, traded with a touch. the gold standard, so to speak ;)

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vaccine appointments to all residents today. steve harrigan has the very latest on all of this. hi, steve. >> reporter: david, moderna has already been testing a vaccine for very young children, as young as six months also to boost immunity across the u.s. they hope to have a children's vaccine ready before the school year next fall. >> very reassuring and good that the patients, the parents are actually wanting to participate in the study. >> reporter: you mentioned mississippi, they are the second state now to drop all restrictions for adults to get a covid-19 vaccine. they follow alaska and michigan and connecticut are expected to follow suit quickly. the u.s. now averaging almost 2.5 million vaccines given each day. that's not the case in europe where there's real trouble over astrazeneca, the british-created vaccine. more countries putting that on pause after fears it could be

linked to blood clots. the numbers really don't show that, at almost 20 million vaccines, we're talking about just 30 cases. the company has denied any correlation, but many countries putting it on pause. very bad timing for europe as well where a number of countries are facing increased cases and new lockdowns. david? dade they'd and my apologies to the people of alaska. i said texas, alaska was the first to remove all of the restrictions on eligibility. steve harrigan, thank you very much. well, more and more states are loosening up restrictions as vaccine distribution continues to increase, but are states opening up fast enough? to former mcdonald's ceo ed renzi on why he says our freedom is at risk the longer the lockdowns last. ed, good to see you. very good piece. the point is the only good news, i think, of the lockdowns was that americans saw how easily we

can lose our power, our individual power to power-hungry politicians, right? >> absolutely. and it's kind of scary to realize that california and have locked down so firmly with just the voice of a governor, and florida and texas have been very rational, used a lot of common sense, provided leadership. and the governors of those two states allowed us to continue to live as americans. i look at what's going on at our border. we know, the politicians know that all those children and people coming across the border are really tools of the drug and people trafficking crime. and we allow it to go on knowing full well the criminality. this is a lack of leadership on the part of our political leaders, both democrats and republicans. and i call 'em all out, frankly. david: you know, forgive me, but the californians and the new yorks and the michigans, all of

those politicians whether they were the governors or the mayors below them said that we're doing this on the basis of science. that's all the lockdowns -- but you hook at the final figures -- you look at the final figures of the cases per thousand in florida versus california, and they're about the same. california's a wee bit better but not by much, certainly not by -- when you add in all of the lie lives that were displaced by these lockdowns, it is a matter of raw political power. some politicians really like to use that power, and they abuse it when they get it. >> absolutely. my background's chemistry and biology. i wanted to be a teacher. we are not following the science at all. and when you consider the average age of the people in florida, which is significantly higher than it is in california, the numbers in florida are outstanding. desantis protected the seniors first and kid so aggressively -- and did so aggressively.

cuomo shoved patients into nursing homes. how foolish. he did not follow the science. it was pure politics and nothing else. david: now, ed, we see pushback. i don't think it's coincidental that governor cuomo is on the eventual of getting impeaches, that governor governor newsom is get on the research of getting recalled. there does seem to be more than their individual problems, which are different. there seems to be a general public pushback to these lockdowns and the power that we saw emanating from state and local governments. do you think that's happening? and, again, is that a sign of optimism in your mind? >> absolutely. i'm the chairman of the board of fat brands. we have restaurants coast to coast and border to border, and what i hear from my employees and the people in the restaurants and how they're talking and behaving, they're beginning to realize how little effective leadership we're getting out of our politicians. now, they can't make their voice

heard with voices on the capitol hill, the newspapers won't pay attention to them, but they're going to start to be felt at the local school board meetings, at the town hall meetings, at the city council meetings. the american people need to raise their voice and seek great leadership. david: ed renzi, i've got to ask about your former job and, because you're still in touch with a lot of those franchises that are really the heart of so much of what small business is all about. how are they doing? how many of them are not going to come back again, how many of them are determined no matter what they do to come back strong? what's the status with the franchises? >> well, companies like fat brands, mcdonald's of who have resources are protecting their franchisees in a lot of different ways. the drive-throughs, the delivery, digital apps, those things are all driving sales nicely. those small, up dependent restauranteurs that you see --

restauranteurs that you see that are in the bodegas and street corners of new york, they're in deep trouble. we've lost 160,000 small restaurants which mean 160,000 landlords aren't getting paid rent. david: right. >> this is a crisis that people have no idea how deep it truly is. david: and 160,000 times a 5 or 6 if you include all the people that are working there, at least that many in the kitchen and as waiting staff. ed renzi, great to see you. thank you very much. there is -- we don't want to bury the lead, which is optimism, that these lockdowns are going away and that most people are waking up to damage that they have done. coming up, paying off student loans by paying for a house. we're going to explain how one illinois housing agency is looking to help hopeful home buyers do exactly that. ♪♪

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david: paying town debt by submitting a down payment. an illinois housing agency has come up with a unique way to get young professionals to put down roots, by paying off their student loans. grady trimble has the details from chicagoment. >> reporter: kind of interesting. you take out a new loan, a mortgage to buy a place, and they'll forgive your student loan debt. and this is a new program that just started in the last few months. let me show you the numbers. they'll pay off anywhere between $1,000 and up to $40,000 worth of your student loan debt. the state housing authority will also a pay off up to $5,000 for closing costs for you. there are a lot of people who say this is a good program, especially in a state like illinois where people are leaving in droves. it's one of the highest population loss states in the entire country. they say it'll keep people here

to keep paying taxes like property taxes and income taxes, but there are a lot of people who say, you know, free money is never a good idea, and especially in a state like illinois where its financials are not in order at a state level or here in the city of chicago. they say this type of program just couldn't last. listen. >> you give money away it sure might want to make people come to your state. i'm not sure that's the best way to get people to stay. i think lower taxes and a commitment, right, to a quality learning experience for every child no matter where you're from probably the best long-term plan, right? i don't think giving away money is something that is sustainable. >> reporter: so you can see both sides of this because on the one side you have $1.7 trillion worth of student loan debt across the country, but on the the other side this is a state program. $25 million dedicated to it. in a state that has a budget deficit shortfall of almost $4 billion, david. one other state has tried

something like this, and it's maryland. and they actually said it went so well that they did it again a second time. so we'll see how it works out here in illinois. david: interesting. we'll see. meanwhile, thank you very much, grady. good to see you. a new survey showing nearly 40% of colorado teachers are considering leaving their jobs at the end of the school year. fox news' alicia acuna is live in denver with the details. >> reporter: hi, david. yeah, that survey of colorado teachers just a reflection of what a nationwide study by the rand corporation found, that a majority of educators who have or are deciding to stop teaching say it is because of stress. >> stress was twice as common a concern as pay. so it's not -- the message here is not that pay doesn't matter. pay does matter, it's just that stress matters even more in terms of the positions teachers are making to leave the profession. >> reporter: teachers taking early retirement or changing careers is a problem in 40

states according to federal numbers. it began before the pandemic. covid has made it worse. teachers cite a significant increase in workload and hours over the last year, lack of sleep and technology problems. some have their own childcare issues. we talked to teachers who say they're not the bad guys in this back to in-person learning debate. they want back in the classrooms but say it's complicated, and even if kids are going back, it doesn't mean they get the same education they did before covid. >> because we know that academic discourse is one of the strongest ways for students to increase their knowledge and understanding of material, and you can't do that with those covid regulations. i tried having a small group discussion the other day, and it was chaos. kids could not hear anybody. they're 6 feet apart, they have masks on. >> reporter: two other things to keep in mind here as folks are hopeful for a full return to school in the fall, david. the country is also seeing a substitute teacher shortage and

fewer and fewer college students indicate that they are even interested in training to become a teacher. very complicated problem. david: what is happening to our kids, to our classrooms. that's the big question. frankly, as much as i love teachers, i used to be one myself, i'm more worried about the kids themselves. it's been a hell of a year. alicia, thank you very much. an important story. meanwhile, after the break, why major manhattan employers now expect less than half of their employees to be back in the office by september. details coming up. ♪ i bet she never had a back street guy. ♪ i bet her mama never toll her why -- told her why. ♪ i'm going to try for an uptown girl. ♪

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to reach your doorstep. that's up from the usual five or so weeks, and it's because of increased volume in shipping activity globally, and a lot of it has to do with the contain theres. many of them stacked up -- containers. here in new jersey, they say they've experienced an increase in volume as much as 25% as larger vessels are bringing larger containers to port. the challenge here, they say, is that there's not increased activity in the number of trucks that are available to haul those goods away. even though you can see it's quite busy here, as it has been, they're not seeing enough trucks, so sometimes they end up sitting here in ports waiting. on the west coast, we're seeing a similar issue, but there vessels are waiting for weeks out on the water as they are waiting for an available port to dock in. and that is adding to delays in deliveries there. here's the director of the port authority for new york and new jersey. listen. >> supply chains, as we've been,

you know, hearing about and seeing this large influx of inbound cargo. you know, i would say in some aspects it's becoming more stressed. our port is extremely busy. >> reporter: now what we're also seeing is some companies are rushing to build more contain theres like those behind me thinking making those available will alleviate some of the stress, but as of right now, david, there's no clear answer as to how or when we're going to see these issues resolve. even the national retail federation is predicting it'll continue through 2021. they're expecting people to continue spending money especially in e-commerce activity. david. david david lydia hu, so sorry i got your name wrong. >> reporter: that's okay. david: all right. bad news for a new york city comeback. a new survey finding roughly four in five manhattan office

workers not planning to return to their offices full time in september. keith fitzgerald is here. so many businesses, keith, and so many city services like the subways and taxis and not to mention the tax collector who's going to be missing out on a lot of extra pay, i'm just wondering what happens to this city if that pans out, if next year or this full year four out of five of the workers don't come back. >> well, you know, i think that new york, like many other urban areas around the world, david, this is a very significant problem. we're going to see the first ever modern ghost towns. the return to work is not just about the virus, it's about confidence. it's about protection. and until people have those things, i don't think the cities are going to return to normal. david: you know, what's extraordinary though is that as i drive to work every day, i see all these buildings going up. there was construction that began before the pandemic.

you see building after building. if you look at new york city from new jersey, you see these huge skyscrapers that are half completed with the rigging still on 'em. i'm wondering if they're ever going to be completed now. >> well, you know, i think that's a good question. i think that depends on the banking relationship, how much money has to continue to move. as an investor, i start to get very, very concerned about construction companies, occupancy rates, real estate investment trusts and municipal bonds. as you pointed out, there's going to be a serious problem when there is no money to collect. david: frankly, this year i think a lot of cities are being bailed out from that covid bill. maybe they shouldn't be because a lot of that money was misspent the first time, it'll probably be misspent this time. i'm just wondering, to your point, whether we could have ooh another financial sector crisis based on commercial real estate. i mean, could we see what happened in 2008-2009 because of real estate generally happen

specifically with commercial real estate? >> you know, that's a very interesting question. i lived through the real estate crisis in japan. i remember it vividly, and they were lending against assets that didn't exist. here we have shades of this similar problem. to your point, 12-24 months out. could it happen? definitely. will it happen? i don't think politicians are going to let this one get to the starting line, at least i hope they're not. david: how can they do -- they've already passed this huge covid bill, 1.9 trillion. i don't know exactly how much went to the cities, i think it was between $300-400 billion of that, but you can't -- the government gets its money from the private sector. if the private sector is crushed, no amount of government spending can make up for the loss of the private sector. >> well, you and i both know that because you and i actually use logic, and we spend real money. government, on the other hand, does not. so, you know, i think these guys are going to kick everything down the road, they're going to

pile up more and more debt. we all know that's bad someday. the hope is it's just not tomorrow. david: well, there's also another hope, and that is that despite the tendency of refusing to admit the reality by a lot of these politicians, eventually, i mean, we saw this happen in new york in the late 1970s when after mayor lindsay came in and spent like crazy like money was going out of tile, we had -- style, we had a financial crisis. famous line from president ford, he said drop dead to new york city. whether it was true or not. but we then began to have administrators, mayors and city councils that realized you had to increase incentives for businesses to move here. could that happen again? let's end on a positive note. >> i think could it happen? yes. will it happen? absolutely. there becomes a point of no return, right? hope is a very powerful motivator, david, and just like they cleaned up new york in the '70s, which i remember, i remember that vividly, they will ultimately figure out that money goes to where it's treesed best.

-- treated best. look at all the places that are attracting business right now. eventually, new york will have an understanding, how do we get people back? oh, i know, create a business-friendly environment. david: so frustrating. the answer is so obvious -- >> yes! david: time after time, it's very frustrating particularly if you live here. keith fitzgerald, good to see you. thank you very much. >> good to see you. david: the dow is on pace to end its longest winning streak since august. more cavuto coast to coast after this. ♪♪

keith: another, that is good news and it out his down the s&p getting is the biden said that he has no plans to visit the southern border printed so think that everybody pretty so to guide you through the next hour is charles payne. charles: hey david thank you very much and good afternoon everyone i am charles payne and in making money. we s&p 500 out of record territory the nasdaq raising for the most part. investors are guarded going in 24 hours, companies are back into the spotlight and they will make a decision that will move the stock market in a major way. i'm just not sure which direction and is by the retail sales everyone is looking forward to massive consumer spending to increase and texas are being dulled out and we have some of the