that is nice to know, isn't it? that big flower in the middle. some people, the nower in the picture to hear what they're saying. stuart: good idea. i would love to know what they were saying all those years ago. rare picture. they did look younger. my time is up, david asman in for neil. before you go, before you start, i know what you're up to, you have the ceo of krispy kreme on the show. back in the day when we aasked krispy kreme on they arrived with 500 doughnuts. that is exactly what you're doing. david: if you were right, neil cavuto would be here right now if there were 500 doughnuts. i don't see any in the green room. i think the staff would have eaten them. she says no. hope springs eternal. hope it arrives soon. welcome to "cavuto: coast to coast," i'm david asman in for neil cavuto.

shocking new images from the border. a temporary facility in donna, texas. the media has been shut out on all these places. as the biden administration doubles down on their very questionable declaration that the border is closed and secure. plus is digital currency about to go mainstream? fed chair jerome powell says that won't happen unless congress gets directly involved. those details ahead. volkswagen revving up the its electric vehicle game in the u.s. deutsche bank says ev sales for volkswagen could top tesla's next year. i will talk to the volkswagen of america president and ceo, scott kehoe coming up. first our top story. a crisis at our southern border. no question about it. president biden plans to visit the border at some point, not giving a date certain. fox news confirming that the, that i.c.e. has issued an $86.9 million contract for hotel

rooms to house and care for illegal immigrants. the question is, is that going to be enough? hillary vaughn is on the ground in penal county, arizona with, very latest. hillary? reporter: david, i want to show you what's happening here on the ground right now. sheriffs in arizona tell me that as the cpb is diverting resources to essentially perform child care for the influx of migrants coming through our border, while they do that, sheriffs here are having trouble securing parts of the border and filling in, backfilling for the border patrol. it's a public safety crisis here in arizona. i want to show you why. this is a dumping ground. this is where the cartels brings in their drugs. we're 85 miles from the u.s.-mexico border into the u.s. this is on american soil right here. this camouflage clothing you see, it is all supplied by the cartels. the carpet shoes how they get through the desert valley

without leaving footprints so law enforcement cannot find them. we found drug paraphernalia as some people left in a hurry. i want to show you what officials call a marijuana backpack. this puttings around their shoulder, they orange twine, tie up bricks of marijuana, bring it across the valley. they get picked up by a car on the other side of this. they also have standard issue, all of this is, every one carries this water jug. it is black to not catch attention of law enforcement. we heard from former president trump on fox news earlier. he said not everyone coming over the border, taking advantage of the situation is non-violent. we're seeing that here on the ground but listen to what he said earlier today on fox news? >> bringing the violence to our country because many of the people coming are not, not

non-violent people t will only get worse. you know, they like to blame the previous administration. reporter: david, what's interesting is in talking to sheriffs on the ground here, we mentioned the price tag to put up a lot of these migrants surging the border. they say they're also having to foot the bill because they have to put a lot of resources here to try to catch these people that are dumping. i will tell you we were here yesterday. we came back this morning. we're here today. there is much, a lot more stuff which means, this is an active place where the cartel sends people overnight, in the early morning hours. they get picked up. the drugs then go throughout the united states. these are not people seeking outlaw enforcement to look for asylum but rather to evade law enforcement here on united states soil in arizona. david? david: impossible to separate the drug smugglers from the human smugglers.

they're essentially run by the came operation. hillary, fantastic reporting there from the border. we really appreciate it. it was a tough sunday for dhs chief alejandro mayorkas, trying without much success, we have to be honest to explain the biden administration's border policy. listen. >> actually the numbers began to spike in april of 2020. the numbers were extremely high throughout 2019. this administration does -- >> not like they have been in february, sir. >> in the arms of their parents. not like they have been in february. >> chris, we do expel families. we are working with mexico to increase mexico's capacity, to receive the expelled families. the border is secure. the border is closed. >> you talked about the trump administration and what was in place there. you did away with that. wouldn't it be better to have a plan before you did away with

that? >> we are executing the plan that we have. let me share with you, because we will succeed. when we look back at this time, however, difficult it has been, we will get through it, we will get through it successfully. david: our next guest warned about a border crisis when biden took office. former new mexico governor susana martinez, i don't mean to pick, governor on the secretary, but he has almost an impossible job, for him to say the border is secure what is your reaction to that? >> well i certain live disagree with him. he is not spending enough time on the border. i lived on the border in el paso, texas, i was a prosecutor on the border for 25 years and a governor of a border state that border is not closed. it is not secure. we have more of our border patrol agents that are actually helping with humanitarian care instead of taking care of what

their job specifically is, which is securing that border. it is a sieve, it is a sieve because president biden actually said surge the border if he was elected as the president of the united states. so americans are not first. with the policies he is implementing. david: i don't know if you heard our reporter before we began talking but she, she was right there on the border, showing us paraphernalia from drug smugglers tied in with pairer paraphernalia from the human smugglers. they had special shoes not to be tracked by the border patrol. i.c.e. arrests gone down dramatically as we had the surge of increase. what does tell you about the violent criminals who may be getting a free pass? >> well getting a free pass because of the surge taking place at the border. so when you're concentrating on families and unaccompanied juveniles, and getting them together and putting them in processing them, the border is

wide open. so are the secondary border crossings where you have to be able to claim whether you're in the united states legally or not, they're getting through about 40,000 a year, this year alone, are going to cross, they are the getaways that have the drugs, are coming through, because attention of border patrol is someplace else. it is with the children. it is with the families. it is with processing people. flying them and busing them to neighborhoods all around this country. they're not just on the border -- david: including as far away as montana. i spoke to the governor of montana over the weekend and he was concerned, they're sending them all the way up to canada. i want to ask a question that martha, that martha radditz from abc asked mr. mayorkas, why would you throw away the trump plans, some of which seemed to be working extremely well in particular, the stay in mexico policy, why would you throw away those plans, rip them up before you had a plan of your own?

do you know any answer to that? he couldn't answer it clearly? >> of course he couldn't answer clearly because there is no answer. he doesn't have answers why there wasn't a plan in advance for the surge that was called on by president biden to take place as soon as he got elected as president. there was no plan. they should have built on the plan t was president trump who actually stood up a strong and healthy plan to make sure that we had our secured borders and homeland security. the national security of our country is dependent on a good immigration policy, not surging our borders by people from all over the world. i have been saying this forever. it is not just mexican people. it is not people from central american. i'm an american of mexican descent. i know these issues. people that live on the border understand them better than anyone else in the country. we're not helping our own americans. we're not housing our own americans. we're not feeding them, making sure they're safe. we're bringing problems from

other countries and exacerbating what is happening in america. david: yes. >> america has to be first. it has to be before we can lend a helping hand to other countries. david: the humanitarian conditions are deteriorating rapidly. of course the administration is keeping the press out of these facilities but from the pictures that we're getting, those facilities are totally overrun, totally overcapacity. it is certainly not a humanitarian situation. governor martinez, thank you very much for your expertise. you saw it coming before it actually happened. we appreciate you coming in today. >> thank you. david: the other big story for today, astrazeneca's covid vaccine found to be safe for distribution and showing to be 79% effective in late-stage u.s. trials. jonathan serrie with the very latest from atlanta. reporter: hi, there, david. these are very promising developments in addition to the u.s. trials showing that vaccine is 79% effective in preventing symptomatic cases of covid-19.

80% in the elderly. the vaccine was 100% effective in preventing serious cases and hospitalizations. take a listen. >> given the elderly population which wasn't seen before and the other is that the side-effects that raised great concern in europe have not, did not pan out in the united states studies here of 30,000 people. reporter: the vaccine ran into temporary roadblocks with regulators in europe after a small number of resilience recipients developed blood clots. the number was not large enough to show a link but several european nations held off injectionses out of abundance of caution. the u.s. trials may put concerns to rest. they found the vaccine did not elevate the risk of blood clots. >> we hope this impressive set of data today will pave the way for millions of americans, many others to have access to safe and highly effective vaccine.

reporter: astrazeneca officials plan to apply with the fda for emergency use authorization sometime during the first half of april if the fda approves this vaccine, the u.s. will have four viable vaccines to fight the coronavirus pandemic. david? david: wow, they said it would be years before we got just one. now we have four available. jonathan, thank you very much. newly reported u.s. coronavirus cases are decreasing as vaccinations are increasing. the former fda chief saying we likely won't have to worry about another case spike like the europeans are facing right now. listen. >> i don't think we'll have a fourth wave. i think what we're seeing around the country is parts of the country plateauing. we're seeing upticks in certain parts of the country. we're talking about some form of protective immunity in 55% of the populations. there is enough of a backstop i don't think you will see a fourth surge. david: does the u.s. have enough protective immunity to stop a

fourth surge? former fda associate commissioner peter pitts joins us now. mr. pitts, are we going to see another wave like the europeans are seeing right now? >> we'll definitely see an uptick in infections. i suspect four weeks we'll see the spring break infection spike coming our way but the good news we'll not see deaths. that is crucial. the vaccines are rolling out. they do prevent deaths and serious manifestations. that is crucial. i saw a piece of research republican men ares most hesitant relative to the vaccines. speaking one of those myself, best way to stick it to the mainstream media, go out, get it inject it right now. let's beat the spike, keep people alive and grind covid into the ground. david: are the vaccines working against all the new variants, the ones from south africa and brazil, nets. >> research is still coming in but answer is yes. now clearly vaccine of any type that is approved in the u.s. via emergency use authorization at the moment is going to help

against all of the variants, whether they're from south africa or the uk or brazil. so the way to make sure the variants don't take over relative to infections, deaths, again, step forward, to get the jab quickly as possible. david: when you look what is happening in europe, how they are experiencing a fourth wave, does that say a lot what happened here with operation warp speed and how successful it was? >> it certainly does. obviously we have accomplished amazing things in a very short period of time from diagnostics to therapeutics, drugs, now three vaccines, shortly, probably four with astrazeneca coming on board but we also figured out the logistics. one thing president biden done differently than president trump he sees himself as convener in chief. working with state and local authorities to make sure people get volume of product they need and goes to where it its need. states are doing better job prioritizing audiences and bringing partners on. good news all around i think. david: it was a wonderful group project t was a real group

project that allowed "operation warp speed" that worked and one guy stood out, dr. slaoui, moncef slaoui, he was responsible for the vaccine program. he was highly criticized by elizabeth warren and other politicians who didn't seem to know exactly how extraordinary this process was because of his connections with pharmaceutical companies who they suggested were evildoers in our society. in fact wasn't that precisely what this project needed to succeed, was the input of the private sector? >> david, that is exactly right. one of the lessons learned from covid-19 we need to take forward beyond the pandemic and other issues you bring the ecosystem to bear, when you make things work with industry, government, academia, sign activities around the world, amazing things can happen. when you start to look for enemies which is what politicians like to do, good for headlines and personal polls, nothing happens. david: yeah. >> potential lie, we move forward. that is exactly what happened in

the u.s. that is why we're succeeding with other countries not doing as well as we are. david: we should not only cheering what they did, but see this as a template for anything that happens in the future as well because it worked so well. peter fits, great to see you. thank you for coming in. appreciate it. coming up will fed chair jerome powell green light a central bank digital dollar? could that actually happen? we have got details coming next. ♪

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haven't we essentially been on kind of a cryptocurrency since then because we're just basing our currency not on something specific like its relationship to gold but just something that is in the mind of the federal reserve? >> indeed, david. the value of that currency has been debased continually as a result of that. you make a great point. people forget the founding of this country didn't include, for example, the central bank manipulating interest rates, manipulating money supply. so it is hard to imagine but money was private back then. privately issued by banks. crypto implies the technology behind cryptocurrency. that is the blockchain technology that is different from actual price of cryptocurrency. but look fed called by the coin a speculative asset. he is right. what is also a speculative asset? the u.s. dollar. david: precisely. >> with all the policies -- david: katherine, it wouldn't be that large of a jump where we

were now frankly since we got rid of the gold standard to crypto currency. it is not exactly real. it is kind of a virtual currency anyway, right? >> yes, but what is behind the intrinsic value of, for example, bitcoin, is as jonathan mentioned, i agree with him on all points. as you mentioned it's the blockchain technology but it's also its detachment from regulated entities. i don't think you would get that if it were being manipulated or pushed by the u.s. government. it would just become what the dollar is, which is fiat money i think we'll be entering a crisis of confidence with fiat money because again as jonathan mentioned it has been so massively debased and value. it is not backed by gold. you have the gold standard, fiat money and blockchain cryptocurrencies. if you make it a regulated

currency by the federal reserve, it no longers that that green or luster. david: that is a great point. >> of being a separate entity, unregulated from government intrusion. david: there is something lovely about its rebelliousness, the crypto would lose if it gained legitimacy in a strange way. i want to switch to something a little more concrete. tesla's stock is surging as ark funds updated the price target to 3,000. it is $700 a share. it could go up to 3,000 by 2025, making tesla's valuation close to three trillion dollars. jonathan what do you make of that trend? is it possible? >> if you live long enough you see everything a few times around. this whole phenomena of ark investment, reminds me so much of the late 1990s when you had the star investors putting as stow mom call price -- astronomical price targets on priceline .com, david.

tesla is amazing but can be overvalued seemingly for in perpetuity. the stock is up 700%. what worries me tesla will not succeed, i think it will, but when you're buying a stock, david, you're buying a valuation. the stock like cisco is great example. the internet succeeded but cisco trades lower now than it did 25 years ago. david: it is conceivable it could go up to 3,000, right. >> look at technology and consumer discretionary. with the vaccinations trade really ending the pandemic fears you will get a lot of pent-up demand explosion. i think you should look at names such as technology once they're dragged down. we saw the nasdaq drop 10% in the past couple months. i think that is a entry point as well as consumer discretionary as people start to spend more.

they really delevered over recent years in the past decade. i suspect normal habits of consumption are going to resume and that will favor a lot of the consumer discretionary and technology names. david: kathryn, jonathan, you're so good we want to hold you over. if you can stay with us. we'll get back to you at the end of the hour. we have more subjects to discuss with you. coming up next, secretary of state blinken heading to europe to boost u.s. alliances after meeting with china this past week. what about that meeting with china? did you see the blooper or the attack by the chinese? we'll play that for you coming next.

♪. david: welcome back to cavuto "coast to coast." secretary of state antony blinken is heading to brussels for talk with nato allies following hostile talks in alaska with chinese officials. rich edson live from the state department with the very latest what we can expect. hi, rich. reporter: good afternoon, david and secretary of state antony blinken, he is currently on his way. he will meet with nato and european leaders just as he is leaving the united states, the united kingdom, european union and canada, all announced coordinated sanctions on chinese government officials for the persecution of uyghurs in shinzhen, china. secretary of state as referencing the people as republic of china. he wrote, quote, these actions demonstrate our ongoing commitment to working multilaterally working on human rights and shining a lot on the crc government and cpc on these atrocities. this has support from senator

ben sasse. chairman xi has blood on his hands. the atrocities are horrific. rape, torture, slave labor are the chinese communist party's weapons. america and our allies are stepping up. the free world must do everything in our power to end the human rights abuses and put chairman xi in his place. the state department china is a major challenge that world leaders will discuss this week in brussels. officials will confront what they call china's aggressive and coercive behavior. invests in europe, military buildup, expansion in cyberspace and the arctic. these meetings follow last week's aggressive instructions between u.s. and government officials in a la cast featuring hours of negotiations and public admonishments from both sides. chinas government wants the west and united states to stay out of what they say are their internal affairs. they have announced sanctions in response on european officials for the coordinated actions announced earlier today.

david, back to you. david: rich edson, from the state department. thank you. "wall street journal" editorial board releasing a piece today saying china sent a warning to the u.s. and they are sensing weakness in the administration. now some of the exchanges from the alaska summit signaling as much. take a listen. >> we'll also discuss our deep concerns with actions by china including in shinzhen, hong kong, taiwan, cyberattacks on the united states, economic coercion toward our allies. >> the united states does not have the qualifications to say that it wants to speak to china from a position of strength. david: "wall street journal" editorial board member bill mcgurn joining us now. so the u.s., according to the chinese, not qualified to speak from a position of strength. that is kind of humiliating, is it not? bill mcgurn, can you hear us? oh, he can't.

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♪. david: seems news gods have been kind to us. we have bill mcgurn back with us from "the wall street journal" editorial board. i hope you can hear me now okay, bill. we played the sound bite, we don't want to play it again of the chinese essentially humiliating the u.s. delegation in alaska, saying, we, the united states is not qualified

to argue from a position of strength. what was even worse than the humiliation was our response which instead of just, either ignoring it or hitting back, they said, yeah, we acknowledge our imperfections, et cetera. sounds like the old obama yeah, we're guilty routine. >> yeah. i think it is more serious than that. this is familiar chinese pattern. if you remember bill clinton came into office vowing to punish tyrants from baghdad to beijing and then we had the apec meeting in seattle where he was taken to the woodshed, you didn't hear much about that after. we had the bumper cars under george bush with the fighter planes. they brought one of our spyplanes down. and we had the years of obama when the chinese would kind of test him a little, he never really brought that much attention to it. so they test everyone but they seem particularly willing to test joe biden on so many

fronts. it is the uyghurs. it's taiwan, it's hong kong, it's trade, it's spying it's the military. there are so many areas. they're trying to take the measure of man to see if they have anything to fear from. david: you know the, you were based in hong kong for a dozen years. you know the repertoire with the u.s. do you think they can get what they want from the u.s. or what? >> well, what they want now is, i was going to say a backhanded compliment to trump. they definitely want the measures trump imposed, sanctions and so forth, all of the kind of things he imposed lifted. that tells you what they want. the u.s. i think making a policy as the journal editorial explained it is not one thing. china is challenging us, and challenging us for global dominance in a whole host of areas. you know, one of the things,

shortcomings i think of the trump approach i agreed with, he identified china as a problem and took it on. we kind of abandoned a lot of multilateral institutions. for example, if we had a trade group in asia, that brought other countries like australia and so forth with us, it would be easier to press china. so we need to have a multiprong approach and i support the sanctions that the government has announced but you think we have to go a lot further and i would say, in all of this mess, the first thing we need to do is make clear we are behind taiwan. taiwan is a free chinese society. it supports our values. it is strategically located. we can't always stop them from doing bad things elsewhere but we need to send, clear, unmixed signals on taiwan and support the chinese -- david: in a letter before the meeting in alaska, but it has to be backed up with backbone, otherwise the chinese will not take it seriously. quickly i want to move time my

graduation bill, before we let you go because there is this media blackout, the administration, they know it's a bad situation that it is much worse than what they were saying initially, the biden administration and they don't want the cameras in there. how long will they be able to get away with that? even the mainstream media now, the pro-biden mainstream media has some real doubts about what is happening at the border? >> yeah. they do, but no one calls them out on it except for say conservative media. i think they will go along with that for as long as they can get away with it. look, it is the old question does the tree falling in a forest make a noise if no one is there to hear it? if the american press doesn't cover it, is sitting that is happening? i don't think denial and trying to hide it is the way. it is just too obvious. you have democratic mayors i have a long the border speaking out now. i think it is a big mistake by the biden administration, it really shows amateur hour.

it is hard enough to fix immigration or to do anything forward on immigration in normal times. but this is like trying to -- david: forgive me, i wanted to let the viewer know what they're looking at. the pictures on the left-hand side are still shots from henry cuellar, a democrat from the state of texas. he got some shocking photos. these are at least as shocking as those kids in cages shots we've seen earlier in the obama and trump administration. >> yeah. i think this is a disaster. it is a self-inflicted. they could go forward. let me put it this way, i support a modest fix to immigration, to make a system that admits people legally and keeps out people who want to come here illegally. so i think there are a lot of people that want a modest system, want to see some reform. it's a mess, the immigration system but what the biden administration is doing is just

undercutting any support for immigration. david: absolutely. >> they are making their own case that much harder. david: i agree with you, bill mcgurn, good to see you, bill, thank you very much. coming up former treasury secretary larry summers hitting president biden's economic policies, calling them the least responsible in 40 years. and he is a democrat. we have got the story coming up. ♪. ♪ limu emu & doug ♪ hey limu! [ squawks ] how great is it that we get to tell everybody how liberty mutual customizes your car insurance so you only pay for what you need? i mean it... oh, sorry... [ laughter ] woops! [ laughter ] good evening! meow! nope. oh... what? i'm an emu! ah ha ha. no, buddy! buddy, it's a filter! only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪

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and be healthy. get off the floor and get on the aerotrainer. go to aerotrainer.com, that's a-e-r-o-trainer.com. ♪. david: watch out, tesla. volkswagen is charging ahead with its new long-range all electric suv which is hitting showrooms all over the country and reddit traders are pouncing. volkswagen stock shares up today over 12% as the automaker looks to close its ev gap with the competition. joining me is volkswagen of america president and ceo. scott kehoe. scott, great to see you again. i'm sure you're happy about the stock. anything can happen at the day. tomorrow it could be down again but what do you have have, what does your ev have that tesla's doesn't? >> i think you're exactly right. it is not about the stock. it is about a customer proposition and for us the customer proposition is offer a really cool car.

i think that is exactly what we have here. so what do we have that tesla doesn't? i think first and foremost we have a very competitive price point. after you get the federal rebates, this car will be 32, $33,000. the second thing we have 650 american dealers across the country ready to sell the car highly engaged. david: good point. >> to me, it is obviously about offering a great consumer proposition, consumer technology. david: you said the rebate, $7500, is that a done deal? there are questions whether it would be in effect? tell me about your efforts to get it going. >> yeah. look, it is former agreement that was done years ago. as you know it is up to 200,000 units. so companies like general motors and tesla motors have fon past that, they're not available. for us getting started with electrification we have allotted

credits left. david: i see. >> debate whether you extend it or not extend it. i don't have too many thoughts but we're here and we'll take advantage of it. david: i'm sure you like it if you were able to max out before tesla got another dose of that but the question of range is always key in peoples mind. the first thing would be the price point. you got tesla beat on that, but what about range? what is your range, how does that compare with tesla? >> yeah. this car has 250 miles of range behind me. so if you look at model y, of course their entry model has 230 miles but of course they have longer range models that go beyond that. but i think, david, the crucial thing to me, range is important, absolutely no debate. 250 in our point of view is tons of range. the average american drives about 30 miles a day. so for that point of view, the bigger thing on range is this perception and what you have to do is drive the car, use the car, get used to electric cars. you will find out anything above 250 in my mind is plenty of

range for formal usage. david: tesla discuss to be fair, tesla has a 400-mile range car. the long-range model s but it does cost a lot more money. >> yes. david: are you going to be offering a higher price model that would have a longer range? >> yeah. look, i think we're going to continuously be improving range but there is a real crucial thing for me. the name of the game honestly not so much tesla, lucid, all these companies honestly have a lot of cars that cost $100,000. the name of the game for us is to get normal, average american consumers. if you look at this vehicle, it competes in the compact suv segment. the average price is 32, $34,000. that is where all of our efforts are. get a great car at 32, $34,000, so normal americans can drive them, enjoy them, not people buying the fourth or fifth car. that is not the name of the game

for volkswagen. we want to drive adoption. we want people to experience the cool technology. david: you sold me on a test drive. i will try it out. >> at a minimum. once you drive, you can't go back, david. david: at a minimum. thank you very much, scott. good luck to you. so are you getting what you made for? ♪. college students and parents all over the country argue they are not. they are fed up with huge tuitions amid covid restrictions and online learning. molly line has the story. hi, molly. >> hello, good afternoon. you said it really, these covid restrictions forced a lot of students nationwide, college students out of classrooms into online learning, on to computers. so parents and students are frustrated. many feel like they're not getting the full value that they're looking for when tina attends fordham university in new york city. even with covid restrictions in place she decided to live on campus but her classes are online. >> i did not believe we're

getting a good value out of the money because so much of the college experience has been taken away. reporter: school was recently forced to defend itself against a class action complaint alleging its online learning options were you know par. the lawsuit was dismissed but fordham's statement underscores the challenges many universities nationwide are facing during the pandemic. noting the school, balance to imperative to protect the health and safety of the campus community with our mission to deliver a high quality education regardless of teaching modality. some parents putting large tuition bills don't believe they're getting fairbank for the buck. massachusetts dad chris has three daughters attending three different colleges. >> there is market standard, in terms of paying what you're receiving that is turned on its head, most of these schools, some have, more have not adjusted tuition at all. reporter: lindsey ellis reports for the college education, points to drop in revenue. >> taking big hit to the

athletic tickets and housing and signing and all of the other things that people pay for on a college campus and spending millions of dollars on making a campus safe for the in-person students. reporter: class-action suits have been filed against universities all over the country but courts have dismissed many of the cases. back to you. david: molly, thank you very much. meanwhile, did you see this? former treasury secretary larry summers calling president biden's stimulus the least responsible fiscal policy in 40 years. now larry summers was of course a top economic advisor during the obama administration. he is of course a democrat. back with our panel, jonathan hoenig and katheryne rooney vera kathryn, he said what is kindling is now igniting. suggesting we'll have explosion of inflation or what he says, quote, a dramatic fiscal monetary collision. is he on point? >> oh, absolutely is, lends so

much credibility to the economic argument this is such irresponsive fiscal and monetary policy, david. he said inflation nary pressures are of a kind we've not seen in a generation. consequentials for the value of the dollar and financial stability i agree with that. 40% of total money, total monetary base in the entire country has been created in the past year, david. since decent's covid package, last month's covid package those two just themselves total 14% of nominal u.s. gdp. there is no talk about retracing any of this supposedly covid-targeted spending. now we're talking about a $4 trillion over 10 years of spending package. this is unfunded spending. the federal deficit, 18% of gdp. that is double what we saw back in the financial crisis of 2008. doing the numbers this, is just so mind-blowing, social security, medicare, medicaid, interest payments we all know the big story of the entitlement programs. they're 90% of total u.s.

revenues. but when you include that, when you include unemployment benefits we're 130% of spending for those programs versus what we take in. david: all right. i got to get jonathan in. we're running out of time. you clearly did your homework, kathryn. jonathan, the bottom line something has got to break. frankly while they're spending like crazy, they're about to increase taxes like crazy, that will not be a big help to the private sector, right? >> what is broken is economic theory and thought in this country. it gives you an indication how far left the left has gone with larry summers is the voice of reason here. he's right. biden and biden administration is enacting is this modern monetary theory. spending and low interest rates is good because it creates consumption but consumption is the end of the process, production if you want to incentivize. david: bingo. >> all this type of policy is

doing creating malinvestment and creating long-term inflation that will harm the economy. david: everybody is always saying that consumerism is 60 to 70% of the economy but you have to have money, you have to create create something before you can spend your money to buy anything. so i agree. production is where it all begins. kathryn, jonathan, you're great folks. thank you very much for being here. appreciate it. coming up border sheriffs are pushing the biden administration for footing the bill to secure the southern border. we have live team coverage from both sides of the border when the second hour of "cavuto: coast to coast" begins in just a couple minutes.

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they're seeing of migrants crossing over the border into the united states from mexico is growing on a daily basis. and as that surge grows, the cost for taxpayers also is growing as well. in 2017 the estimated cost of illegal immigration on u.s. taxpayers was $116 billion a year, but that was in 2017. and in just the past two months here in arizona, local sheriffs tell me they have seen massive spikes in illegal border crossings that they say they are being left to manage on their own. >> in december we had 2500 illegal entries which was double from august and and 500 pounds of illicit drugs. and now we're off the charts again. you asked the question does president biden own this? you bet he owns it. he's the president of a free country. he's the one two trig -- who triggered the policies. >> reporter: not only has the

federal government stopped the border wall construction leaving exposed gaps and holes, it also leaves local law enforcement with a much harder job. some cbp agents are also being pulled from the border to handle the increase in childcare that's needed, adult processing and are no longer working with them alongside the border. it's not just manpower that sheriffs are losing here, they are also not getting the same cooperation and communication from cbp that they have in the past. >> he gave us no warning, he just changed it overnight. none of us had time to prepare for us. they are limiting handcuffing these guys, and it's putting undue stress on my patrol, my guys. it's costing me more money in my agency, i'm having to dedicate more resources towards something i shouldn't have to because it's the federal government's responsibility. >> reporter: and, david, that cost is only going up as the

federal government is putting up these pop-up facilities but also now looking for hotel rooms to house migrants. fox news has confirmed that i.c.e. paid out an $86 million contract to provide hotel rooms, care and covid testing for immigrants here illegally and that $86 million, david, only got i.c.e. about 1200 hotel beds. david? david: wow. wow, they are expensive. hillary, thank you very much. well, a new report finding border patrol agents in the rio grande valley are releasing asylum-seeking migrants into the u.s. without issuing them any court dates at all. steve harrigan is live in mission, texas, with the latest on that. steve. >> reporter: david, fox news learning that that is happening in some sections along the border between texas and mexico, that migrants who have crossed over illegally into the u.s. instead of being fully processed are being released without notices to appear in court.

the statement saying the situation has become so dire, the border patrol has had no choice to release people immediately after apprehension because there's no space to hold people, even do necessary paperwork. this comes as conditions especially for unaccompanied minors continue to grow worse. representative henry cuellar, democrat from texas, released photos of a holding center for some of those unaccompanied miners showing serious overcrowding. the axios agency said as many as 1,000 unaccompanied youth are being held in customs and border centers. they're only supposed to be there three days, these have been there more than den ten days. >> border patrol station is no place for a family with young children. and so they have to have, they have to add capacity both at the hhs shelter who are responsible for caring for these kids until they can be placed. >> reporter: also a new facility for some of these unaccompanied youth is being

built in pecos, texas. it'll hold 500 initially. it'll be a hard building with walls initially and then probably expanded with tents to hold up to 2,000 unaccompanied minors. david, back to you. david: steve harrigan, thank you very much. well, former new mexico governor susana martinez telling us in the last hour that the u.s. doesn't have the resources to help these illegal my grants, and they need -- migrants, and i think need to refocus efforts to help our own citizens. listen. >> it's not just mexican people, it's not just people from central america. i'm an american of mexican descent. i know these issues. people who live on the border understand them better than anyone else in the country. we're not helping our own meshes. we're not -- americans. we're not housing and feeding our own americans, making sure that they're safe. we are bringing the problems from other countries and just exacerbating what is happening in america. david: let's get reaction from libra initiative president daniel garza. good to see you again, thank you for being here.

it's a horrific situation. it was in the past with previous administrations, it is now. despite the biden blackout, by the way, we're getting these photographs. i think we can put some up on the screen. henry cuellar went into some of these facilities and showed pictures that, you know, they -- you can't tell a lot from a picture, but you can see how awful these facilities are. some of his commentary the about what he saw when he was there was also awful. have you ever seen it this bad? >> well, i have not. and, you know, what's interesting is that mexico is angry because they didn't ask for this, but they're having to, of course, suffer the disproportionate burden of a lot of migrants coming through the corridor which is now the busiest in the world. the texas congressional delegation, democrats are upset and angry at the biden administration because of the change of policies that have induced this surge, right, that we are seeing. and migrants themselves are

angry because they were told by a more compassionate, empathetic biden welcome to the u.s. things are going to be different. so they came, and now i -- i'm here in mexico now, and i'm reading the newspaper, and i'm looking at quotations like -- [speaking spanish] they lied to us. they're deporting us. they're getting the wrong signals, and they're still not getting clarity from the biden administering, and it's causing this mess that you're looking at. david: well, you know, the biden spin, of course, is that they inherited a broken immigration system from the trump administration. president trump is fighting back on that spin. he says, quote: we proudly handed the biden administration the most secure border in history. all they had to do was keep the smooth-running system on autopilot. instead, in the span of just a few weeks, the biden administration has turned a national triumph into a national disaster. they are in way over their heads and taking on water fast. now, of course, one politician's spin to another, but what do you

make of that? did they inherit a broken immigration system, and are they not responsible? >> well, they actually inherited a broken immigration system, but also, david, what's important here is that the border right now and our immigration system is a schizophrenic mix of the push factors from central america, the violence, the poverty. you're seeing, of course, the old trump policies that were reversed by the biden policy that is causing a lot of confusion. and then, of course, add to it the whole situation with covid, children creating this humanitarian crisis, natural disasters in those countries, the cartel violence and the human trafficking. it is really a mess which demands immigration reform. the status quo is not serving anybody there, and what we need are for folks like maria salazar who has introduced legislation that would bring balance into america. that's exactly what we need.

david: secretary mayorkas was asked yesterday by a mainstream news reporter, not from a conservative publication at all, martha raddatz from abc said why did you tear the up, why did you rip up a system particularly that deal with mexico, the remain in mexico deal that took so long to work out between trump and the mexican president why'd you rip it up and then go to a system where you're flying by the seat of your pants without any particular game plan? >> yeah. tragically, this policy that indeuces parents to send their children unaccompanied, desperate parents, right? who are fleeing poverty and violence to send their children across the border unaccompanied is unconscionable to many americans, but words matter, right? the biden administration if naively sent signals across the border to central america that the border was open, just get here. and it's causing this massive humanitarian urgency that needs to be dealt with. david: well, and, of course, it's more than just a policy

difference. there are thousands and thousands of human lives, tragically many of them underage, without their parents around. and, of course, the drug dealers are controlling a lot of the situation at the border. that's a whole other subject. daniel garza, thank you very much, i appreciate it. well, president biden is expected to hold his first press conference this week. the hill editor-in-chief bob cusack is here on how the president should handle criticism of the way he's handling the situation at the border. he's got to come up with something better than what we heard from secretary mayorkas yesterday that, quote, the border is secure. i mean, that doesn't pass the smell test from a mile away. >> that's right, david. you're seeing the reaction from democrats and republican lawmakers and the photos that are emerging, and, you know, another topic that should come up is the first amendment because this is something ted cruz wants, wants the press to be able to access the border. that so far has been refused. so you would think that would be a topic that is tackled.

but this is a problem, humanitarian problem, law enforcement problem, a covid problem, a housing problem. and as the weather gets warmer, david, it's only going to get worse. tawfd david absolutely. and we know this is just the beginning of the migrant season, if you will. but why did they just rip up that mexico deal that took is long to work out and that did seem to quell the migrants from coming across the border? they had no plan of their own, obviously. they just ripped up that deal willy-nilly. why did they do that? >> well, you know, david, it's a great question because there are some policies that the biden administration has continued, like tariffs with china, like sanctions on russia. but decided to, as you say, rip up this agreement. and i think they're going to have to revisit some of these decisions for things to get better. senator tom cotton on "fox news sunday" was saying, listen, you've got to have agreements with third parties like the trump administration did. so if you're going to move

through a country and claim asylum, you've got to make that claim at that country, not just when you get to the southern u.s. border. they're just going to have to revisit these because it shows that policy is important. and now we're seeing this really it's kind of a mess. david: well, they're going to have to eat a carrot -- eat a lot of crow. the media, which had been totally pro-bind, is now beginning to turn, and we had that martha raddatz, not only her interview with mayorkas, but her visitation, and she interviewed a lot of migrants who said they came specifically because of the rhetoric coming out of the biden administration. they never would have come during the trump administration. they told her that. i mean, you have the whole media now beginning to turn on biden on this issue. >> no, i think it definitely was a media honeymoon, and i do think it's ending especially because this is such a problem that cannot be solved overnight.

and that's why -- the united states needs to have an immigration system that is tough but fair. and right now it's not tough, certainly not fair. david: it certainly isn't. very quick question and a switch, dramatic switch. donald trump, there is a lot of rumors about his working on a new social media network. i just want to ask what you're hearing, if anything, about that. >> oh, i think it's going to happen. it's not that expensive, certainly all the money that trump has, and it shows you he wants to be back in the game and not just press releases. he wants to do it in something like a tweet. i don't know what exactly it'll be called, maybe the trump, ooh i'm not sure. david: but the bottom line is it'll be something completely new, he's not going to being piggyback on parler or other sources. >> no, he would tart his own thing -- start his own thing. david: well, and advertisers will usually follow the millions of people where they go, and he's at least got 75 million

people that are interested in following him. great to see you, bob, thank you very much, appreciate it. >> thank you. david: after the break, why some top new york firms that toughed it out during the pandemic are now considering packing their bags and leaving for good. we've got the details coming next. ♪ more than anything i ever felt before. ♪ you drive me crazy, i just can't sleep. ♪ if i'm so excited, i'm in too deep ♪♪ some say this is my greatest challenge. governments in record debt; inflation rising, currencies falling. but i've seen centuries of this. with one companion that hedges the risks you choose and those that choose you. the physical seam of a digital world, traded with a touch. my strongest and closest asset.

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certificate that is issued only once. dorsey said he will convert the proceeds to bitcoin and send that to give directly's africa response fund for covid-19 relief. sales of existing homes dropped more than expected last month when compared to january, that's according to the national association of realtors. the report out today shows home sales fell to about 6.2 million units. the expectation was 6.5 million. but it's still more than 9% higher than february of last year. homeowners are not listing properties at the pause usually seen for this time of -- pace usually seen for this time of year. supply remains tight, down nearly 30% year-over-year which is driving prices higher, more than 15% higher than february of last year. truckmaker astrazeneca -- drugmaker astrazeneca is 79% effective, results being announced after several european

countries recently temporarily suspended the vaccine over concerns about blood if clots. now notably, researchers in the 30,000-person study said they found no connections between the shot and blood clots. the astrazeneca vaccine has been authorized in more than 70 countries and part of the united nations program covax. the company will seek emergency use authorization from the fda in the coming weeks and, if approved, it will deliver 30 million doses immediately. the fda will decide whether to grant emergency use authorization in the united states. for the very latest on this developing news, make sure you stay with fox news because the astra astrazeneca u.s. president will join charles payne on "your world" today on fox news at 4 p.m. david. david: lydia, thank you very much. meanwhile, taking a hike over a potential tax hike.

top finance and tech firms in new york considering packing their bags for good over a slew of proposed tax increases on the wealthy. despite an avalanche of new federal money about to flood state coffers. so will this increase in taxes -- increase the tax exodus from new york in here now is simpler trading director of options danielle shay and senior vp of investments jim lacamp. good to see you both. danielle, new york is getting about $100 billion added all together from this last covid relief federal money infusion. $12.6 billion of that is going directly into the state coffers, and that's still not enough. what do you think? >> i think that it's never going to be enough, and the people that want to raise taxes are going to continue doing that. and for that run you are going to see businesses leaving new york. i mean, look at what's happening right now in california. they're calling silicon hills now here in austin because so

many companies, we have google, tesla, palantir have decided to relocate. it just makes better business sense when you're in a place that is just not conducive to business, and it's going to cost you so much more especially when we have a remote working environment. david: you know what kills me, jim, is to hear these comments about the avaricious private sector, who is more avaricious, the millionaires or these state officials that keep -- by the way, chuck schumer said after he got his $100 billion out of the covid bill, he said that new york's budget deficit would effectively be wiped out. presidentially killing the need for -- potentially killing the need for any new tax hikes. so even chuck schumer said that the money from the feds would wipe out the need for tax increases, but it's still not enough for these politicians in albany. >> what's amazing, david, is this has been going on for many years now. you have states that have been the recipients of the high-tax

state exodus, new jersey, new york, california, connecticut. and the response from policymakers, you could throw illinois into that mix as well if you want to. the response hasn't been, oh, my gosh, our business owners, our wealthy people are all leaving because of our high taxes. our response to that should be cut taxes, but it's not. it's to raise taxes even more. all of these states have doubled down on how hard they're going to hit wealthy people. and a lot of people may say, well, so what? it's wealthy people, maybe they should be hit. the problem for these states is that the wealthy people are the business owners. and men you move -- when you move the person, you move the business and the jobs. 9 so it really hurts people who need jobs more than anybody else. david: absolutely. by the way, so did amazon leaving new york, essentially kicked out by aoc, but that's another story. you know, we -- if these tax

increases go through, danielle, we will have the highest level of state taxes in new york since we've had in 1979. and not coincidentally, that was a period when new york city was almost broke. they finally -- that kind of shook them to their roots and realized as everybody movedded out or all the business people moved out then, that made them realize, gee, maybe we should lower taxes to lure some businesses back in. then they had to go through that almost bankruptcy period. i'm worried i'm going to live through another bankruptcy here in new york. >> i completely agree with you. it makes me sad for new york because i love new york so much. but the fact of the matter is that the big businesses there are in finance, and they're in tech. and they do not need to be in new york state. david: yeah. >> they can be anywhere. and as long as you have this rhetoric especially from people like aoc that billionaires and millionaires are terrible, and they need to pay their fair share, you know, these are the people that are creating the

companies that are creating opportunities for everyone, and they're innovating and changing the world. so this rhetoric towards them and towards all this hate, that is what needs to stop. and until people realize that these companies are just going to pick up and leave because they are smart business people, it's not going to end, and they're going to keep -- david: and, you know, there used to be a premium for living here in new york. you have shakespeare in the park, you have a lot of jazz clubs, all this wonderful stuff, you don't have that anymore with the pandemic. some of that is going to be coming back, no question about it, and is we wish them well. but to pay a 12% premium just living here in new york for just a few things, not what it used to be. and with rising crime, again, that premium, you look at it cross-eyed these days. jim and danielle, good to see you both. thank you very much, appreciate it. well, miami beach cracking down on those massive spring break crowds. the measures being taken to combat that, coming up. >> people are coming here with

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♪ david: making the case for alaska, the u.s. government is working to help american minors and battery makers expand into, get this, canada, not the usa. but alaska governor mike dunleavy is urging the biden administration not to forget his state that has all the minerals and rare earths needed to supply vehicle manufacturers. alaska's governor joining me now. governor, it's wild, you know, you talk about rare minerals from china that we're getting, and now they're expanding into canada, the u.s. is looking to get them from canada. what about the u.s.? i mean, it seems to be an america last policy. >> it makes no sense to me at

all. when i read that article, literally i was slack-jawed. we have 30 of the 35 rare earths here in alaska, not to mention gold, copper, silver, commercial grade graphite. we have everything this country needs. we are part of this country, and yet we learn about a low-key discussion going on with our battery producers and our electric car producers here in america going to canada, relationships with canada. don't get me wrong, the canadians are great neighbors, but alaska has a lot of these materials, elements, rare earths that we need. we could also use the investment here in alaska. we do it better than anywhere else in the world. we have some of the strictest environmental standards there is. so if you're an environmentalist and you want to save the environment on a global scale, do this work here in america where you can keep an eye on it. david: yeah. well, you certainly do it a lot better than the chinese. i mean, who are big polluters.

but secretary blinken was in alaska last week talking to the chinese. i understand you talked to him on the phone. dud you mention this subject to him and how did he respond? >> it was a very short conversation. we have a whole host of issues that we're dealing with the new administration on, oil and gas, for example. we had a conversation that only lasted a few minutes, but we pressed our point that we need to be part of the discussions. we have reached out to this administration but, in essence, we've really heard nothing back. we've got to press our case, but nonetheless do it here in america, build by and mine here in america because your going to keep -- you're going to keep the jobs, the revenue and the wealth here, and you can protect the environment. right now it's, it looks like we're on the verge of being canceled. david: now, let me talk about anwar for a second. that's a beautiful reserve, millions of acres. i may be wrong on that, but it's

close to it. and only a small portion of it, under 10%, i believe, would be used for drilling or was being used for drilling or exploration for oil. the biden administration's cut that out completely. is there any hope of moving the biden administration on that issue at all? because, again, not only is it a small percentage of anwar, you do it more cleanly than any other owl company in the world. oil company in the world. >> yeah. we don't flare our gas in alaska. it goes back into the ground. we're talking about a postage-size stamp but a football field, that would be the footprint. and, you know, the thing is our indigenous folks live right on top of that reserve, and they are pro-development. they protect the environment, they do it the right way. the anwar lease sales are part of a tax law when president trump was in passed by congress. we don't understand how through

executive order they can cancel lease sales when this is actually a law that was passed. again, we look forward to working with the bidden administration if, but we're -- biden administration, but we're going to have to penetrate the wall that's been set up. david: since it was a law are, governor, are you going to challenge it in court? >> we're going to challenge it, yes. david: have you set the motions of that in progress already? >> we're wok on it -- working on it now with our department of law. we have no choice because, again, it was a law that has passed, the sales have occurred. there's supposed to be another tranche of sales under that law, so we have to to press our case. the development of anwar is vital to alaska and putting oil into the pipeline, it's vital for america. david: have they absolutely refused to talk to you about this? >> haven't had, haven't had really any conversation with the administration. we're reaching out, we're trying to get something set up. but we'll keep pressing -- david: i mean, you did talk to the secretary of state about the rare minerals, but you didn't

mention to him, by the way, can you do something about the oil leasing? >> we did. we did, and he said he would pass it on. and we also mentioned to him that there's a lack of dialogue and we hope to improve that, so he said he would talk with members in the biden administration. david: very quickly because we've got to go, but what are the workers who were counting on the work going on in anwar, what are they going to be doing now in. >> well, i guess they might be going to canada to help the canadians set up mines to supply america. they're probably going to go where the jobs go just like anywhere, anyone does. you go where the jobs are. and that's the problem. we're going to lose opportunity the here in alaska, we're going to lose opportunity in this country. and, quite frankly, i think to some degree it's madnesses. we really have to have a dialogue about what we can do in this country and do it better than anywhere else. david: good to see you again,

governor. best of luck to you. >> thank you. david: cracking down on spring breakers. the state of emergency for miami beach is now extended until mid april as very unruly crowds, to say the least, are causing chaos wn tre.re il keangting is livn mmimi mith twiery veryery lest.es , youil, ye s'vhaoshaos in i ringspririaksreakreakef befe. w doeshow do tw hiw onew oneet at r rter:orshi one onene rat ergh anverver seet -- it i n it, qteui y,nd i'v l ledown about 1rs.ea n deave d,riveamous,ams,s,ceeal, tran ot notot too cwdedet, y afrarkt' wn t t t oweowav gatringringringng ang th when troubs has st std.arar of l l nightightht the t first f night ighnntououherere oerss n endnd up prl pel pts into the c trohe c disperserse e people. 8:00, that was when the thursday through sunday curfew kicked in. but despite a large police

presence ready to enforce that curfew, the partying crowd was defiant until the end. even jumping on top of a car until police on atvs finally pushed the people back to their hotels or back to the mainland. bottom line, new rules? party over. around 10 last night outside the restricted entertainment zone, tourists are were not giving off having a twerk-off in the middle of a residential street. numerous fights, sometimes nightly with groups of people exploding with flying fists, men and women, and crowds running for cover. so much chaos city leaders declaired a state of emergency on saturday. all restaurants and bars now must close at 7s which is costing them tens of thousands of much-needed dollars after this year of pandemic. and this was the scene last night just howevers after the city -- hours after the city held its special sunday morning to extend the 8 p.m. curfew

through april 11th. >> gunshots two nights ago or something else like that, and hundreds of people are running through the streetsen panicked. we realized that that's not a situation that any police force can control. >> reporter: since the spring break season started in february, police here have arrested about a thousand people, half of them from out of state. david? david: all right. if we had time, and we don't, i'd ask you what a twerk-off is, but i'm sure a lot of people around here will be able to tell me. thank you, phil keating -- >> reporter: the video speaks for itself. [laughter] david: i'll have to go back to that. meanwhile, leon black stepping down of private equity giant apollo are much earlier than expected. charlie gasparino saw this coming months ago. charlie? >> yeah. leon black, the cofounder of apollo. and just so our viewers know, it's not some random firm, it's

one of the biggest private equity firms in the world, leon black is considered one of the great investors of the world. but he ran into some issues when it was disclosed that he did significant amount of business with jeffrey epstein, the convicted pedophile, money manager was handling some of his estate work. tens of millions of dollars of his estate work. and when that got -- when that was disclosed, leon black faced major criticism from if inside the firm. and it is one of the reasons that he resigned as ceo a couple months ago. and here's what we know now. they're saying, apollo, that the reason for leon's leaving the firm as chairman now and much earlier than anybody thought he would leave except for if you listened to our reports in january is because of health issues. his wife has cancer and he has health issues. there's always other reasons

people do things, and here's what i know from sources close to firm. as many as seven major clients were threatening not to do business going forward with the firm unless he resigned as chairman. finish from what i understand, they wanted him completely out. they thought his epstein work was not good. they didn't want to be associated with someone that, a firm whose chairman was doing business with jeffrey epstein. and in terms of new business with apollo -- and apollo's constantly raising new private equity funds -- they were balking at. what's interesting, david, one reason why someone does something, but there was an internal rift inside apollo over the last couple months after this epstein stuff came out. leon black is not considered a key person inside apollo. that means people can't pull their money out of apollo if he

leaves. david: oh, that's interesting. >> the fact that they didn't list him as a key person means they were probably planning for him to step down sometime soon. david: if you'd been listening to charlie back in jan, you would have known -- back in january, you would have known this was coming. coming up, how florida businesses are hoping to hit a home run with fans returning to the stands. thank god. ♪ bring me a higher love ♪♪ [announcer] durán catches leonard with a big left. ♪♪ you can spend your life in boxing or any other business, but one day, you're gonna take a hit you didn't see coming. and it won't matter what hit you. what matters is you're down.

and there's nothing down there with you but the choice that will define you. do you stay down? or. do you find, somewhere deep inside of you, the resilience to get up. ♪♪ [announcer] and this fight is a long way from over, leonard is coming back. ♪♪ ♪♪ ♪♪ we started with computers. we didn't stop at computers. we didn't stop at storage or cloud. we kept going. working with our customers to enable the kind of technology that can guide an astronaut back to safety. and help make a hospital come to you, instead of you going to it.

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david: i'm afraid we have some sad newo report. our longtime fox news media colleague eric is stanatto passed away over the weekend. he was a driving force in helping to launch fox business in 2007. most recently, he served as our

network's senior head booker and story editor, he was one of the most prominent for the entire industry. he booked the many guests that we've seen on both fox news and fox business over the years, and our heartfelt condolence ares go out to eric's entire family. i'm a verizon engineer. we built our 5g nationwide so millions of people could do what they love in verizon 5g quality. and in parts of many cities, we have ultra wideband, the fastest 5g in the world. this is 5g built right. only from verizon.

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muck if. david: it is a good monday for the markets. as you can see, all green on the screen there. and particularly in the nasdaq, look at the last index. you can see over 1.5% gain on the nasdaq. apple has a lot to do with the success of the tech stocks. it's up over 2.8%, back over $2 trillion in market cap for apple. just about everybody has a piece of apple. meanwhile, baseball is back with just over a week until opening day. connell shane is in northport, florida, where the atlanta braves play. everybody, connell, is looking back to getting into a stadium. >> reporter: yes. and there's still restrictions in place, david, so you can't fill them up yet, and, you know, we've been doing this series of reports on the coronavirus one year later, and the economic impact of this pandemic you

still see it in baseball. even in a state like florida which is mostly, as you know, open for business. in this area they're still waiting for this brand new baseball stadium to reach its full potential. it's quite a sight, $160 million goes a long way in building a sports complex. but when the atlanta braves came to northport, florida, team executive mike dunn says it was about more than baseball. >> the centerpiece of what is also going to be a live-work-play community. >> reporter: there's a city key bar down the left field line. nothing was open this time last year when covid hit. the starts went home and the seats were left empty. that left an empty feeling in northport's local business community. richard rents and sells golf carts. the braves are one of his clients. >> our rental business is down 80 plus percent over 2019. >> reporter: a similar story at peach wave frozen yogurt,

unable to cash in on a spring training rush. but this year baseball's back. >> it's fun to hear the baseball hit the bat, the organ play. you know, you have national anthem, it's baseball. it's america's favorite pastime, the fabric of the community. >> reporter: and even though capacity is limited to 21%, the fans have returned, and they're buying frozen yogurt. >> we've probably seen -- we've definitely seen, like, a 50% increase in traffic. >> the braves is going to be a 365-day-a-year positive. it's basically the hub for the entire community and the surrounding communities as e as well. >> reporter: sounds like they're ready to go. >> go, braves. >> reporter: i think the hope is a little bit of a longer wait in line for brother next year. we see a lot of business development around this team and in this lawyer, david, and the payoff for all of that was supposed to come last year, but the hope is it'll come next

year. david: i have always wondered why a beer and a hot dog taste better in a baseball stadium, probably the same drink and food -- >> reporter: no doubt. david: there's something about that environment that makes it taste better. connell, thank you very much. appreciate it. meanwhile, how about this for a sweet incentive? krispy kreme is offering a free glazed doughnut to customers who show a valid vaccination card through the end of 2021. krispy kreme's ceo is here, i love this idea, michael. now, this isn't just a one-shot deal. you can go back and back and back and keep getting a free doughnut, right, if you have that card? >> you can, right? so, you know, we thought about this. last year we did a lot of -- whether for health care folks or seniors in high school or teachers, and this year we, the opportunity came and we thought about it, and as america starts to really get, make progress in the pandemic and you start to see scaling of vaccines, we made

a decision that said, hey, we can be -- we can support the next act of joy which is if you come by with, show us a vaccine card, get a doughnut anytime, any day, every day if you choose too -- -- if you choose that. david: wow. i think it's a magnificent idea, and you're to be congratulated, but some people do kind of take advantage of this. who pays for it? is it the mother company or the individual franchisees have to pay for it? >> mostly in the u.s. we're a company-owned system, so we cover it just like the 30 million doughnuts we did last year. we didn't have a plan, but the generosity of the brand comes through, so we did it. david: yeah. well, you're very generous. how did franchisees weather this pandemic? how are they doing now? >> you know, the u.s. business did very well as a whole.

we're a global business, we're in 32 countries, and some countries did better than others just depending on how the governments reacted to it. but as a whole, the u.s -- and it's an omni-channel business, it's much bigger than just a doughnut shop, did well x. we continue to see that trend in 2021 is. david: it's not the kind of business that relies on customers coming in and sitting down, it's mostly takeout. so i imagine some places probably saw a little pick-up, no? >> they did. our drive throughs did increasingly well. people love sharing kris creams, they -- krispy kremes, they love having it with their family and friends, and that's just something especially last year that i could see a lot -- not just the american population, but the global population -- just graf anticipated toward having a little break. david: and i imagine this is going to help even more. i imagine some people will take advantage of it but, what the

heck, you're willing to eat the expense on this, so to speak. forgive the pun. of congratulations. wonderful work and, again, a real incentive to go out and get the shot. i appreciate you being here, michael. >> thank you very much, and i thank all the krispy kremeers and all the health care workers. david: absolutely. you and me both. very much. well, coming up, the governor of new jersey now saying he will likely pause reopening plans as covid cases begin to rise again in the garden state. new jersey's seven-day average has increased by more than 10% compared with a week ago according to data from johns hopkins. more "cavuto" right after this. ♪♪ ♪ with a companion that powers a digital world, traded with a touch. the gold standard, so to speak ;)

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david: thanks for watching a nice handoff to mr. charles payne. charles: hey, david, thank you very much, my friend and good afternoon, everyone, i'm charles payne. this is "making money." spring is in the air, people are traveling, it sort of feels much better. stocks edging higher too. too many investors think the market is in a correction. it is not but there are challenges ahead and we've got you covered. the stock of the day is tesla after kathy woods set a monstrous price target on part because of news of a flying taxi. we'll get reaction from one of our favorite tech watchers, ray wang. we are live at u.s. border where the crisis