tv Cavuto Coast to Coast FOX Business April 27, 2021 12:00pm-2:00pm EDT
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the s&p is turning around. fractional loss for the dow and also for the nasdaq. the big deal is walking up to the big tech earnings, microsoft and google. that is at four this afternoon. we'll be covering it right here on the fox business network. got that? my time's up. neil, it's yours. neil: thank you, stuart, very, very much. don't forget apple tomorrow too. that is continuing what will be a blitz of the tech earnings. right, stuart, we'll watch those very closely. they could reflect the appetite of the american consumer. welcome, everybody, i am neil cavuto. you're watching "coast to coast." my thanks for professor brian brenberg for subbing in my absence. always enjoy bringing the good professor. anyway we have this going on right now. the administration close to maybe, maybe signaling we don't have to wear the masks. there are caveats, the idea if you're vaccinated you can experiment with that.
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that is not definite. how do you prove that people who are not wearing masks have indeed been vaccinated? that is where vaccine passports are coming to haunt again. we'll see where that goes. we're also looking at earnings that continue to handily beat estimates out there. stuart said two big tech names after the bell today including microsoft and apple of course tomorrow by and large these earnings have beaten estimates handily, better than 30% more than thought so that's something in a quarter that you rarely see but at this juncture we're seeing it a great deal. so let's sort of get a lay of the land where things stand on the mask front, where we're going, certainly on the virus front, some good news to tell but when it comes to countries abroad particularly india, some scary news to tell you about. we'll get into all of that. we'll talk to marty makary, johns hopkins university professor of public health.
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what he makes of the whole mask debate and how soon and how necessary it is to get them off our faces. lydia hu at the javits center where things stand there. lydia? reporter: hi, neil. you mentioned it off the top. we're expecting a announcement from president biden later today. the exact details we don't know yet but we anticipate he is going to address the cdc guidance on mandating mask-wearing outdoors for fully vaccinated people. we expect that to come later today but that is coming along with employers who are beginning to make mandates about shots for both current and prospective employees. that could be the difference between getting a job or keeping a job in some situations. one lawyer that i spoke to tells me lawyers seem to be on firm legal ground when issuing vaccine mandates but also says that the better approach is to encourage employees to get the
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shots rather than requiring them to. listen to this. >> the more you can get employees to understand the reasons and the science behind the vaccinations and hopefully dispel some of the misunderstanding out there, the more likely they're going to be to want to get vaccinated and not feel like their arm is being twitsed. reporter: "the wall street journal" outlines some of the companies that are beginning to mandate the vaccine for current and prospective employees. you can take a look at the list here. they range from michelin star rated restaurant to a telecom company but when it comes to encouraging or mandating vaccines there could be resistance. a new "fox news poll" shows 22% of registered voters do not plan to get the shot that comes as more than eight million people recently missed their appointments for their second dose of the vaccine, raising concern among public health poe professionals. with reopening hanging in the balance what we can tell you
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also, neil, this mandate coming from employers about the vaccine is controversial. about 41% of people polled by fox news think it is okay for employers to mandate the shot but 44% disagree, that goes too far. back to you, neil. neil: lydia, thank you very much, my friend. lydia hu on all of that. update you what they're doing across the country. new york state easing covid-19 restrictions at offices expanding capacity to 75% from 50%. that is supposed to take effect may 15th. they have had steady improvements here. they will increase gym capacity from 33% to 50%. outdoor he can spectator events from 33% to 50%. midtown manhattan outside of fox news headquarters the slow return to work is on. the question is what is being
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done in the interim before you get to work presumably in the fall when most of this will presumably take hold. in new york for example, they expect to be near 100% capacity on all sorts of things. it will be after labor day. you have kids, looking at summer camps all of that, what do you do for them. what will restrictions be for them. molly line following new cdc guidelines. we're waiting on the guidelines, molly. what are you hearing? reporter: good afternoon, neil, great to be with you. the cdc guidelines, they have released a number of measures, it is really a long list, the aim is to get summer camps open and avoid spread of covid-19 at summer camps. health screenings, physical distancing, masks. the recommendations urge people can get vaccinated, staff, even kids allowed to get vaccinated. of course that would mean teenagers to actually get vaccinated. those that cannot get vaccinated
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are encouraged to engage in a two-week quarantine prior to arriving at camp also to get a negative covid test. children over two are advised to wear masks at all times except when eating, drinking or swimming. some camp leaders view this mask measure as unnecessary. >> to me i don't see actually any reason why masks are going to be needed in a camp environment when 98% of our activities are done outside. there were probably 10,000 kids that went to camp on long island and only a handful tested positive and a handful of staff. many camps had no covid at all. reporter: doctor ares questioning cdc guidance questioning kids outdoors including fox news's own dr. marc siegel. >> i think they're being very, very cautious. i don't think they want to get ahead of the science. the problem with that approach it continues to keep the mind set of america in fearful, psychologically impaired place.
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why don't we take into account kids are much less likely to spread covid-19? why don't we get counselors vaccinated, look at it that way instead of saying masks everywhere? reporter: neil, i know you guys are talking about this. president biden is expected to make announcement this afternoon mask mandate, guidance regarding outdoor use. we'll see officially what that is. neil, back to you. neil: molly line in boston. appreciate that. let's go to dr. marty makary, one of my favorite medical guests talking about the issues about the virus escalating fast in places like india. ahead, doctor, always good to have you, the administration's announcement on recommendations for masks and all of that, we do have what is happening in india where cases are soaring, better than 3,507,000 -- 350,000 by last count.
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a steady stream continuing. what is going on there, should we worry about it over here? >> neil, good to see you. we should worry about it, that is when new variants could form and that could be in the fall. there is humanitarian mission. we have to shot resources. they have people dying because of inadequate oxygen. some hospitals can only keep six patients on oxygen. that the is biggest life-saving invention in the modern world. they were reporting 300,000 cases a day, with a company with poor access to testing. that is couple million a day. zero prevalence rates are high and will have their own herd immunity kick in but they have a real emergency we can help with. neil: we're told the administration might loosen things up in this country, doctor, by essentially saying if you've been vaccinated, you don't have to wear masks. i'm over simplifying it. there are all sorts of gray areas we'll get into but what do
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you think of that kind of a policy? is it a means by which to kind of coax people to kind of getting vaccines? >> look the white house announcement that is going to come today is about 14 months late and americans have a right to be frustrated why the cdc is adjudicating outdoor masking 14 months into a pandemic when the evidence was clear last may, almost a full year when the science caught up. i think we'll see dr. wollensky and the white house make announcement saying that you can be more liberated but they're responding to public demand. dr. wollensky suggested a few more weeks as it was with schools after demand to open up schools. they went back to the drawing board, did the research, now they will say they do the same thing. the announcement was pushed up. people are frustrated. they have a right to be frustrated. when they see a kid collapse on track-and-field meet wearing a mask, because of carbon dioxide
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people have a right to be frustrated. neil: i'm wondering if it is meant for those vaccinated? those wearing masks because they haven't or are just continuing to be on the safe side they believe? this, this could disrupt a lot of things right? there are a lot of people who are nervous to take those masks off. >> that's right, neil. it is in part a culture of fear but you're absolutely right. the announcement today will probably be way too nuanced. we should have broad bipartisan consensus. when you're outside wear you don't have to wear a mask, period, unless two people are sitting shoulder to shoulder a long time. even then the risk is low. people want a common sense solution here and we're getting complicated guidance. neil: all right, dr. makary, great catching up with you, be well, healthy a great guy through a scary crisis. enjoyed his expertise. the corner of wall and broad,
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they are betwixt and between. nasdaq hit a record yesterday exactly how some of these on microsoft, alphabet, tomorrow apple will fare. the trend has been the market's friend here. in other words the earnings are not only beating but handily beating. it is the forecast some investors are looking at leaves them concerned. for example, tesla reported boffo numbers on earnings and revenue front but never changed its guidance. the quick interpretation that you're selling a lot of cars, things firing on all cylinders i have don't think a electric car can fire on all cylinders but you get my point but not forecasting a commensurate pickup in sales and activity going forward. that is the kind of stuff that jars these guys. we're on the latest after this. ♪.
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the point by pushing an executive order making it mandatory for federal contractors. even there republicans beg to differ, that is a bridge too far. blake burman at the white house with what this will involve. hey, blake. reporter: neil, remember earlier this year president biden and many congressional democrats in washington were hoping to get a $15 an hour minimum wage enacted, making it the law of the land putting it inside of the $1.5 trillion covid relief package but the at time the senate parliamentarian ruled that could not happen on procedural grounds. we're expecting president biden to sign an executive order that would make it for federal contracts to be paid at least $15 an hour starting in 2022. at least beginning month of 2022. that eo will include for example, increasing the minimum wage for federal contractors to that amount, indexing it to inflation for future years after that.
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it will also increase the minimum wage for workers who receive tips, federal contractors that $15 an hour plus tips. senator bernie sanders one of the biggest proponents raising the minimum wage weighed in on twitter this morning, quote, i applaud president biden's important action to raise the minimum wage for federal contract workers to 15-dollar an hour. congress should follow getting rid of starvation wages. let's get it done. 21 states have a minimum wage at or below $7.25 which has not budged since 2009. you see those states right there. washington, d.c., currently right now at $15 an hour while several states are set to hit the mark in the upcoming years. the concern of course for critics, neil, ones you start to enact a force in wages, ones you say those wages have to go up to a certain level it, could
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potentially harm small businesses. neil? neil: also the bidding on the contracts in the first place. reporter: correct. neil: for the united states government. if a contractor is factoring in that higher minimum wage, he or she is going to lift the price of the contract, right? reporter: potentially lift the price of the contract. if you look at individual companies, maybe a bigger company can, have the ability to pay its workers $15 an hour or maybe a smaller company might not. a lot of different factors in here. this is something that the president campaigned on and something he enacting tried to legislatively but now via executive order. neil: got it. blake burman at the white house. so what blake is really saying when you get higher contracts going, and with this stipulation to support 15-dollar minimum wage those are federal contracts, you pay for them. that is really on your dime, think about it. if you're altruistic about it, fine with it, that is fine too
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but that is the reality here, someone pays for this and that would be you. dan geltrude is here, ray wang is here, with constellation research. dan, looking at this, people forget that, right? the fact of the matter is no matter how you feel paying government contractors a 15-dollar minimum wage, taxpayers will foot the bill for that. that is just reality, right? >> yes, it is. basically what joe biden is saying is, i am not interested in getting competitive pricing from vendors that are going to be doing business with the federal government. we want to pay more. now the government doesn't have their own money as you said, neil. that is coming out of the pock pockets of the taxpayers. i just don't understand why there are people that don't understand the economics of this.
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how does it make sense that the government is saying we want to pay more for services? beyond me. neil: ray, do you, when you look at that, ray, the fallout there, obviously the president is doing this and making good on a campaign promise but the wind at his back is this improving economy. a lot of employers had a devil of a time finding workers right now. we'll talk to one who is quite famous when she was encountering double standard in terms of who gets what kind of treatment from the government a state government but the fact of the matter is, he has got room to do this right now, doesn't he? >> he does. we got a labor shortage. what that will do, double, increase 30, to 50% government contracting costs, more importantly will lead to a lot more automation across the board when people can't afford to pay the $15 an hour wage. it is not adjusted for geographic disparities.
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a wage $15 an hour in california versus $15 an hour in montana may be different in the employment economicking that businesses face. this creates a interesting disparity. all signs, we're buying votes here. we're buying corporate votes, small business votes, and buying government and union votes. neil: meantime here, we've got this census out, every 10 years we go through this, some early results are that some big blue states are going to lose representatives in congress and some big growing red states are going to gain. hard to say, to quantify everything, but what we can see, dan, republicans could pick up to five seats even before the election here on the notion that there has been a pattern shift here. so texas gains two seats. states like california, new york lose one. florida picks up one. montana picks up one, north carolina, one. and i'm just wondering maybe
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this could explain the administration and democrats rush to get stuff like you know, higher minimum wage for federal contractors, rushed infrastructure through, family recovery act through. strike when the iron's hot. what do you think? >> i think that is definitely part of it. there is no question about the fact that the biden administration is racing to try to get things done prior to things potentially changing in 2022, neil. but you know, this really highlights the whole migration in the united states. one, we see that every single vote in congress really matters because things can come down to a single vote. so that shift has a huge impact but the bigger picture on the business side is, what are we seeing? we're seeing states competing for population because they're offering better deals, lower or no taxes is the way to have
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people and businesses come to your state. you benefit economically and politically. neil: you know i want too shift gearses have, breaking news development. we whether expecting this, ray, cdc says fully vaccinated americans do not have to wear masks in outdoor settings depending on crowding. >> good that the cdc ask following the fact being outside, not having to wear a mask makes a lot of sense especially not crowded with other individuals. i think it will help with restaurants. it will help with the service employees. it is also going to help with the states that opened up. it should be a good lesson for the states that have been locked down for quite sometime to see what can work, right, as people open up and taking that fear factor out with some of those masks that are required. neil: guys i know i will see you in a little bit. thanks for indulging this
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breaking news development, for those tuning in, cdc as expected gone ahead if you had your vaccine, doses whether two from moderna and pfizer or one from johnson & johnson now, back out on the market, you're good to go, you can take off that mask. now how you prove that at a gathering where a number of people are going to be pointing at you, why are you not wearing a mask, maybe they will demand proof that you have been vaccinated. those are some of the details they have to sort out but the guidance from the cdc is go ahead, only if you've been vaccinated though. so how you prove that, jump ball or jump syringe or jump something after this. ♪.
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♪. neil: for the second time in less than 20 years looks like california could have a recall election to, well, those pushing for it, recall the governor. in this case gavin newsom. jonathan hunt with the latest how things look. he is in los angeles. hey, jonathan. reporter: neil, getting the signatures to trigger the recall was a big hurdle to cross but there is still a long way to go in the recall effort. with the election itself unlikely to happen before october. that gives a lot of time for governor newsom to mount a vigorous defense of his record and to continue painting his critz tick critics as trump supporting radical. >> partisan recall of governor gavin newsom, qanon extremist, violent white supremacists like proud boys who attacked our nation's capital on january 6th. same right-wing republican politicians who supported
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donald trump's effort to overturn the election. reporter: with california doing well in the fight against the pandemic, newsom's polling numbers are far better than they were a few months ago. the motion recent poll from the nonpartisan public policy institute showing 56% of voters hero pose the recall but those who hope to replace the governor remain optimistic. >> hard to get those number of signatures. the fact we got so many again, from californians from all walks of life, i think speaks volumes much how folks really want a change in california. reporter: as well as kevin faulconer, from the lineup to replace newsom if he loses the recall includes former olympic gold medalist, reality tv star, caitlyn jenner. a socially liberal but fiscally conservative trump-supporting republican by her own estimation, certainly the candidate with the best name
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recognition in the state. the field will likely swell to dozens, neil. wealthy businessman, john cox already jumped in. as have a retired adult film star, mary cary. someone who goes by the single name angle line, "the l.a. times" describes as a billboard model. i don't even know what that means. this is california, neil. it will only get weirder from here. neil? neil: you don't know what a billboard model is. whatever. reporter: honestly. neil: okay. but isn't this governor more popular than gray davis was back in 2003 when arnold schwarzenegger toppled him? i mean there is a bit of a difference. the idea it would be a slam-dunk to remove him that might not be the case, right? no, i think it is very far fetched to think of it as a slam dunk to remove gavin newsom, perhaps a few months ago in the wake of dining at swanky french laundry restaurant, telling
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californians they should stay at home being very careful. that was perhaps his weakest moment. but certainly he has become a good bit stronger over recent months with california now doing better than almost any other state in the nation in terms of covid infection numbers. the economy obviously rebounding with the reopening as well. so it is going to be a tough job to see a way for californians to recall him. that 56% who opposed the recall, neil, that was back in february when things began to pick up. we don't have anything more recent than that. i would imagine newsom's approval numbers have ticked up since then. so it is going to be a tough fight. also you don't have anybody with the sheer celebrity power of arnold schwarzenegger putting themselves up as an alternative as you did with the grey davis race, neil. neil: jonathan hunt, thank you very much for that update in los angeles. well, one california resident
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isn't entertaining any runs for governor we know off although the reaction she got when she did this had a lot of people urging her to do that. you remember this? >> i walked into my parking lot and obviously mayor garcetti has approved, this. has approved this being set up, for, this being set up for, for a movie company. i'm losing everything. everything i own is being taken away from me. they set up a movie company right next to my outdoor patio, which is right over here. and people wonder why i am protesting and why i have had enough. tell me that this is dangerous but right next to me, is a slap
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in my face. neil: you know i must have seen hundreds of these type of videos in the height of the pandemic. this one became iconic, really hit a nerve, things vastly improved for angela and her business as they have for a lot of businesses in the state of california but now she has got other issues to deal with. business is boffo but finding workers, well it is tough. angela marsden joins us, pineapple hill saloon and bar owner. good to have you back. how are you doing? >> neil, thank you, i'm doing really great. i want to say thank you for covering what was going on back then. i really appreciated the coverage you did. it was a great job. thank you. neil: it was all you, angela. it hit a nerve because people so related to the hypocrisy and double standard going on not just in your neck of the woods but across the country, haves
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and have-nots are indiscriminate. now things are opening up, you have quite a different problem on your hands. could you explain? >> oh, yeah. i've got, well mainly hiring is really hard right now. so i have a great patio. i'm very fortunate. i've been blessed through this whole thing, still even hard for me right now but we're getting busier. i have a nice outdoor patio. it is hard to find employees that are qualified basically for the jobs. there is not as many people coming out and applying. i got very lucky in the beginning, in like january, when people weren't sure if they were going to get their unemployment, i had a ton of people applying. i actually got overly lucky. i have like three new employees are amazing overly qualified, i'm blessed to have them. now good problem, i need more employees, it is not easy to find good, qualified workers right now. neil: i don't know how bad it is in california, but a lot, east
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coast, talking to a lot of east coast restaurants, small business managers who are competing with those that they want to woo from home but with very generous, unemployment, other benefits keep them at home, child care, other issues to stay at home. do you encounter that? >> i have mixed emotions about. this i definitely can see the benefit of that for people and considering what we've all been through i can't judge anybody for making the most sound decision for them at the time. neil: right. >> but the reality is, i feel more if people with ptsd. like these people have lot of their livelihoods. they're behind on their rent. they don't even know if they're going to get caught up and they're just frozen on how do i, i go and take a job. i'm not making as much as i would be making so i stay on unemployment. then they're just sitting there
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hoping there is going to be some savior for them at the end and unfortunately we know that is not how it works, you know what i mean? so i have a lot of empathy for people that are making that choice. i feel, you know, i feel bad for them. i wish they could just you know, pull themselves up, get out there, get going again because it is going to be very hard once the money stops coming in, you know? neil: yeah. no, i definitely feel it as well, but they're making a choice here because it is tough, especially dealing with child care issues or looking after mom or dad. it is not all that black and white. >> yeah. neil: i'm curious what are capacity restraints for you right now still in effect or could be improved? what is going on? >> it is interesting. i don't know if you know, neil, i was a big part of the recall. i went and spoke throughout california. getting him -- neil: a lot of people wanted you to run. i remember that. >> i have been asked.
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all i can say is this, is that and i hate to get off track what you were saying is, i just want people to hashtag, never forget. never forget right now, at one brokerage there 172 leases to restaurants and businesses you can walk into right now because people have lost the business. people on unemployment, i'm not here to tear down anybody that makes that decision. i need them working. i would love to have a better choice but at the end of the day, this is traumatizing. what this governor has put us through, it's traumatizing. you lose your income, you lose your job, you're out of work for almost a year, over a year. you get so far behind on your rent, and you don't know how you're ever going to get caught up, where you're going to land once all this stops, that is traumatizing to people. it is really traumatizing. i hope, i hope, and i pray, that
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with this election it doesn't become a circus, people take it to heart and they get up off the couch, they go out to get the get that job and don't forget to vote. while we were losing everything, he was eating out, dining at the most expensive restaurant. i have it on good accord his kids skid at mount north star that never closed. his kids were skiing getting personal teaching through all of this. our single parents are sitting home alone trying to work a computer that is all they have got. they're not out skiing. they're not getting private classes. and these businesses my fellow business owners they have lost everything. they lost what they would give their kids as an inheritance. some are older, they can't even get a job, they have lost their source of income. they have lost their dreams. so i hope that we never forget, you know.
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and by the way, you were talking about unemployment, i mean about minimum wage, in june our july, they're raising it to $15 an hour on all the small businesses. i mean, i filed my first profit neil, in this month of march, my first profit. and i am trying to be positive because i'm one of the lucky ones. so i'm constantly fighting my inner self to be positive but i can't, i have to be truthful. you know. the reality is i wake up in night terrors. i wake up wondering, oh, my god, they will take away the patio in june. the permit ends in june, not very many people are coming inside. we're at 50% capacity with our tables six to eight feet apart. you can imagine if you have a 2,000 square foot place, how many people is that going to hold? a lot of people don't want to come inside. we're in california. they want to be outside. so i finally make a profit in march -- neil: you mentioned the governor
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and this recall election. he is up about 8 points from his lows. there is a good possibility he survives this. if he does, how would you feel about that? >> i honestly, neil, i thought if someone, i remember very specifically, i'm glad you're asking me this, i remember in the video, i was in so much pain, somebody has to help us, right? i realized through this, there are not too many people coming through. maybe it is something we got to do for ourselves. all i can say, i'm pleading to every democrat that signed that, every independent that signed that, hashtag never forget, never forget the decisions that person made he didn't have to. he had the science. we have states now that prove that the science was there. florida, texas, i mean i think they just did something in new york, 70% of the cases came
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from people isolated inside. all right, maybe they have made a mistake or, so the fact of the matter is, it is poor leadership, it is accountability f this person is going to lie to our face and smile the entire time while killing the middle class, strangling businesses, putting our great workers on the couch to sit and watch tv and not know how they will get out of this mess, don't forget. like battered wife syndrome. you're the one that beat me up took everything away from me, now you're here to smile, give it all back to me and i'm supposed to say thank you, what a great relationship i have with my governor? there has to be accountability, excuse me and truth. it is funny, i was looking up the meaning of cherry blossoms came to mind t brought me to the story of washington, honest abe. we need,wer don't need another
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hollywood in crowd. we don't need the cool people running the state. we need people who have walked in our shoes and we have a chance and an opportunity right now to, to pick cinderella, the person who isn't ripped, isn't with the in crowd, walk in our shoes to bring back the middle class. there is no middle class here. neil: angela, we're tight for time, that that cinderella you a lot of people support you, like you, after i prior spot, all emails say run this woman. would you ever be interested in that? >> neil, i thought about it. my biggest concern could i make the change. i am in politics if i say i'm
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going to do something i want to make sure it will get done because it matters. peoples lives matter, you know. so i thought about it. i have thought about it because i have been asked a lot to be real honest with you. neil: keep thinking about it, arrange anglela. we have a hard break. again us in mind. we want to talk to you again. tending hives of honeybees, and mentoring a teenager — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you help others. so you can live your life. that's life well planned. my name is douglas. i'm a writer/director and i'm still working. in the kind of work that i do, you are surrounded by people who are all younger than you.
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reporter: welcome back to "coast to coast." i'm gillan turner washington. the virginia department of education is in the midst of overhauling their math curriculum to achieve what they call equity. keeps algebra 1 and 2 part of curriculum but will rename them. the it removes calculus, geometry as requirement but only offers an advance course for 11th and 1th graders. fox news spoke exclusively with
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high schoolers, that it will hurt their friends for years to come. she is on track to take calculus before 11th grade. this is what she tells fox news. >> i feel like i'm in the right spot now, i'm challenged enough, i can take risks and make mistakes and learn from them. reporter: her sister hanna is a bit older. she is taking pre-cal. this is about her status. >> competitive edge in the work place and college, i already fulfilled all of my high school requirements. i'm looking at classes like dual enrollment or higher education. reporter: these students essentially share their parents' fear the repercussions from the new program could dramatically affect the next generation making them less competitive in the job market here in the u.s. and overseas. interestingly enough, the virginia education department now appears to be kind of rattled by the outcry from parents and educators and media and they're trying to very
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obviously backtrack. their website overnight has been reformatted to downplay the emphasis on equity-based education after making it the centerpiece of their plan in the initial rollout over the last few weeks. stick with us, "coast to coast" will be right back in just a moment. ♪ lately, it's been hard to think about the future. but thinking about the future, is human nature. at edward jones, our 19,000 financial advisors create personalized investment strategies to help you get back to your future. edward jones.
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♪. neil: has a restaurant owner ever become a governor? we will soon find out, judging a lot of your reaction to angela marsden, the pineapple hill bar and saloon owner, entertain running for governor after criticizing this one who will be facing a recall election this fall. a lot of people were putting governor in front of her name. dan geltrude, ray wang, this revolt against the establishment not as high as they were before the pandemic. do you think the governor survives this or has worries on his hands? >> i think it is worrisome for
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him, neil, but ultimately i think it is going to be really, really hard to take him out. even when you look back, it wisconsin, with scott walker, you know, he was able to prevail in that. it is an incumbent governor, really hard to do it, although i got to tell you your last guest, i would vote for her if she is on the ballot, i was in california. so there is some real appeal there. neil: you know, ray, the trend lately though has been the governor's friend. we're through the worst of the pandemic. he is ratcheting up the pace to open the state. he might on that basis alone might survive something like this, it comes down to how the folks feel about the pandemic right now. how they feel about the economy right now. what do you think? >> you think depends on what part of the state you are. most people are frustrated watching how florida and texas are operating and being able to be open. disneyland and disney world.
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disney world is operating, fully open. disneyland, 25%. endemic what is going on. 500,000 jobs going away because of the tax situation, the housing situation, what is happening in the terms of not pro-business environment, pro-job and pro-resident environment. neil: thank you. i very much apologize for truncating this with all the other breaking news developments. we'll see what happens in california. letting you know the cdc has indeed changed its guidelines on outdoor mask wearing. you don't have to wear it outdoors but only if you have been vaccinates, how you prove that to the point someone else looks at you not wearing a mask that is really up to you. we'll have more after this. no-no-no-no-no please please no. ♪ i never needed anyone. ♪ front desk. yes, hello... i'm so... please hold. ♪ those days are done. ♪
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is almost at the finish line what a ride! i invested in invesco qqq a fund that invests in the innovators of the nasdaq-100 like you become an agent of innovation with invesco qqq neil: your mask off kind of, welcome back, i am neil cavuto and you are walking watching coast-to-coast. the cdc has outlined less restrictive rules printed in at least if you've already had your vaccine doses, the pfizer or the ... ... of the single one by johnson & johnson printed back to the matter is that the cdc that is good enough to dispense with a mask when you're at outdoor gatherings.
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but the is in the details not going to get a little bit more from that from the president of the united states himself also preparing for his big address tomorrow night in joint session of congress. where he will be raising this issue and probably more prominently the big spending initiatives that he's contemplating in the to go along with him. all of that in washington. edward. >> yes and with a capitol gain tax in raising the level to the administration that they are talking about within a population that plays a large part of the taxes in the u.s. and the analysts that adding onto that pile of taxes will force more of that money to move taking your mask with him. we are already seeing this in the united states with the data the census data in overtime as a state taxes more like increased taxes in california and new york as well as other taxes. people voted with her home, moving to state like texas and florida they do not have state income taxes and get the taxes
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lower. and for the first time in history, california will lose a congressional seat while taxes will gain to read you see florida adding another congressional seat. the data shows that california saw a net loss of half a million people in this past two years and the administration argues that would only impact about two or 3 percent of the population if they do raise the capitol gains tax the researchers say the proposed capitol gain tax hike with speed up the move from one state to another and could have the unintended impact on a farmer for example his work his or her life and wants to retire. neil: something you wouldn't consider but they worked their entire lives and they want to cash out to retire and the government going to take a huge chunk of money away from them. but you also impact these are impacting our incentive invested in that investment capitol when you're not investing in capitol
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pretty. neil: and brian makes the argument that raising the capitol gains tax will not affect the broader economy as a whole the from white house press room he is not wait in on the mobility issue of the earth moving from one state to another. it. neil: thank you edward prayed in meantime, we are going to revisit some of these new requirements now from the cdc in order to do that with alex again. in the correspondent, we have another back with us fox and political analyst. he is not allowed guy. [laughter] >> it seems like he's a loud because he saying very powerful things printed. neil: welcome to both of you. your take on these looser guidelines from the cdc. americans have been pitching for them. there are caveats here and what you make of it. guest: it is about time, how is
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that. about time to so many americans have been vaccinated, millions of americans have been vaccinated and people have been told, as long as you have vaccination we can kind of go back to life as we knew it. we see how well florida has done without vaccinations but of course doubt seniors have been mostly vaccinated. i think it's time for the administration to begin to look at things quite differently because people are fed up with the rules and not being able to get back to their life for the jobs they had before. before the pandemic started. it. neil: alex from this woman angela a little later in the show, that this saloon bar and grill. this woman is famously became an iconic symbol for the frustration and the double standards on the restrictions that were in place. and she is pushing hard for the governors recall there. but the fact of the matter is that things are improving california and he might budget another vilas, a lot of us get back to never forgetting the
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governors like him put their residence through, this is her opinion mind you but i want you to react to this. >> a lot of people who support you and like you and merck moved by you. i remember after a prior chat, would you ever be interested in running. >> neil, i have thought about it in my biggest concern is could really make the change. i'm not in politics, will i be blocked every time that if i say that i will do something i want to make sure it gets done. neil: if that is her goal, she is doing that. but alex i'm sitting there and make the point that it is time for someone to not be in politics to make a political run for things especially if they are not from the business world i donald trump was or anything like that but she had accordance with a lot of people in the
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frustration over arbitrary rules and regulations the very so wildly state-by-state. what you make of that frustration. guest: i think that part of that frustration also stems from the fact that these mass restrictions put such a division in the private sector versus the government mandate. we saw that originally meant someplace were trying to start to lift her mask restrictions before this amount announcement months ago. and he came down to some private companies still saying that walmart and home depot, still if you want to come into our store, you have to wear a mask regardless of what the government is saying and of course that is still the case. so once we see this outdoor mask mandate lifted, i think will be interesting to see what the private companies come out and say, even though we have some outdoor space, they an outdoor bar, you still have to be
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wearing a mask regardless of what the government is saying and it causes kind of pull in the system. and think she has a similar reaction, if i want to be able to do what i want for my customers, regardless of what the governor or the president is saying. neil: well put. i am curious, all of this occurs of the back drop of this new sense is that we do every ten years and it looks like just doing and nothing that the republicans stand to gain maybe for five seats in the house with a redistribution for more of the representatives from credit states. fewer from traditionally blue states not across-the-board but enough that the backdrop would be wearing some wary some democrats would not. guest: i think it should be worried about the policy statement implementing as of recently especially when there's been a shift in the white house. they are in real trouble, this is just simply a start.
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i left her brother escaped i should say, escape california for florida because it was open and freedom. and pushing on gavin newsom's recall effort is not republican recall effort, is not a democrat recall effort, is a california recall effort. beyond covid-19 and implementing thousands of people or putting them out of business, beyond that, homelessness is over 160,000 homeless people reside there. it is a small city and you've got to think about the issues that plague california prior to covid-19, they just made it come up to the service even more. democrats out be very concerned rather even scared because republicans will take back the house in 2022 because they have given them more than enough to take back the house prayed people frustrated with the policies coming out of the democratic party to mention taxes that joe biden it is recently put on the table, this will be problematic for not just democrats before the american people and some of this stuff
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really gets through. neil: you can flip it around another way alex, that they are concerned, if the democrats are concerned about losing the house or maybe the senate. that could explain their rush to get things through. like when you have the run of the table and when you can still run and still be at the table, do it now. guest: right and of course the majority is very slim but why not get some progressive priorities out the door even if you do it by legislative means so that they actually stick. then history is on the republican side. then they would take the house in 2022 because usually after the first two years of the president from the other party, it will flip like that and then of course just looking at the data, trump carries for pics of the states that are getting
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about them and biden carried five of the seven that are losing about. so those numbers of course don't bode well for the democrats but of course there is a lot of ballgame left. so we will steal see open vacancies in the house that will need to be filled. and like you said, see what kind of democratic and progressive policies that the house and senate passed. course we have to look at the bill under filibuster as well and how will that impact how the voters come out in 2022. neil: head on the flipside of that, we will talk about this, a lot of the businesses that her moving to florida and what have you, there taking a lot of the generally blue state type voters with them. so we could be a mixed bag. were going to look at that more party to think about in the meantime. case in point of this is my next guest peter ceo and founder, remember when we were talking i think about a year ago in the
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middle of the pandemic is just seeking out some safer financial bind. and he found it in texas. i want to get an update on that. you were in the seattle area and a time right peter. guest: yes neil and thank you for having me on. the move has turned out to be a great decision. it was extremely painful. you can imagine everyone knows that moving is difficult even if you just move yourself, never mind your family. i the family for what the wife and also living a business, so that is triply painful but that was all worth it when i received it the joy of seeing the employees to be able to buy their first home and moving their families and and their spouses being happy and they kids and you've been hearing stories about them having a backyard and just confirm to me that we make the right decision. neil: you have no room in texas right. it is not but i am just
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wondering, is there anything about the west coast do you miss it. i think you had quoted that you love the locale and a lot of the people are great. the environment is beautiful but obviously you had to draw something on the line. what do you miss read. guest: i miss the people, the people there a lot of great people out there that are longing for the same things that we were longing for we were able to make a decision and move. and i think you can see in a national scale, the people making a similar decision that decision is based on seeking faith family and freedom. in those values are really attractive and was drawing people to places to favor them like texas. i have got to get across to the governor of texas and his leadership because people can debate the different policies for a decision but in the end of the day it comes down to the school board and texas is
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winning. neil: you mentioned governor abbott and he has come under criticism during the cold weather snap and what have you read snap. obviously the state has its problems but when you are workers and has any of them expressed regret or are they actually trying to coax their friends and family members to come down as well. guest: not one of them has expressed regret in fact they've expressed opposite. i mean,, we are as a team as a company extremely excited and happy to be here. i'll give you a little announcement here as well but we will be announcing more very exciting large things in the coming 60 days here and i think you would love to hear this. we're going to be creating new tech leadership out of texas. and we are building a trillion dollar ecosystem. neil: trillion dollar eco- system.
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guest: yes neil, that is with a t and we are going to get it done and were going to make it happen. suet keep us posted on that. that's interesting and i would love to have you back and thank you again. guest: thank you neil. neil: thank you peter good to see you. guaranteed way to get that, trillion dollar. all right, we have a lot more coming up including a new index out that shows that home prices are running at a 12 percent clip. in other words increase value 1r year and were now at the point where this homes are selling at a premium. resuming for you. what does that mean for you.
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and instructions for use. consult your healthcare provider before starting on omnipod. simplify diabetes. simplify life. omnipod. [ sigh ] not gonna happen. that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. ♪ ♪ the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60%
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she would be fine what is been happening on the real estate print with existing home prices and moving up 11.9 percent year over year over year, is a steady pattern. senior vice president of investment management, it's remarkable. i don't know if you look at it as reagan say the same about the market i guess but the focus on real estate here critically the fact that the inflection point if you want all of that where existing home prices are higher than they are for new ones. what you make of that predict. guest: is really the simple thing in the world, supply and demand and there's no snow supply and a lot of demand. 20 percent lower gear over year for ten straight months. all-time low and on visible existing homes for sale. there's just no homes for sale and part of that is in fact that
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the demand has been high and they've not built enough new homes and they are building new homes but not at a rate fast enough to absorb the demand. wiser so much demand, both the mortgage rates are at all your time close, and finally having their second babies and realize that they can't live in an apartment anymore and have a lot of people living out of the city moving into the suburban areas read and a lot of demand for neighborhoods because of other things like school district and etc. so it's a pretty simple equation by the way, the savings rate is high right now as well. and mortgage rates as low as they are, home affordability is achievable at this point. neil: this might be me stepping back, i don't see the access that we have seen it in prior housing run-up because so many are still out of this market and when we now are moving into it
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in their reluctant for the existing homeowners to put their homes up on the market. and there's still enough of that going on that does not have that melt up field to me. i know there are other regions of the country there's something different and they may be getting ahead of themselves. i don't see that as a national issue, what about you. guest: i agree a lot of people of estimate about the housing prices that we saw the great financial crisis and it is really not in the reason that it is not as we don't have a no job, no problems that we had back then we do have a sightings that we had back then. but we really have is a lot of savings in a very affordable mortgage rate condition right now for people and if you look at home affordability, right now it is taken up about 60 percent of consumer incomes and the housing payment. and it's averages 20 percent of the homes are actually more
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affordable now than a long time average. you can look at commercial real estate and you can look at some multifamily housing and look at the prices and the and you might say that those areas of real estate are really getting frothy but you look at the housing market in all of these dynamics behind the movement in the housing market i don't think it is a problem market. i think it continues. neil: do you think that the slow reopening of the country, now the cdc with a slightly more home policies on this, would not say that is a complete turn on it. it just helps keeps this process going. guest: i do. i don't think it is going so rapidly that were just turning on its bacon. people are not going back to work too quickly in fact when they have a problem, because a lot of people are still getting it stimulus check and they don't even want to go back to work. so there's not a stampede going on here at all, in fact lending
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standards are still pretty good. still hundred just the reality of the millennial's, they have a higher savings and they had in quite some time and they're having their second child and that is part of it and a lot of people during covid-19, they realize they don't have to live downtown so a lot of this is a migration from urban to suburban areas. and i think that continues for a while. i think as long as the mortgage rates continue to be low and houses are relatively low, i don't think this is going to run away from us too fast. the bogeyman would be if the rates ran up too fast if we saw the mortgage rates of five and e people cause but i don't think that is what happen anytime soon. neil: so far so good. it is great catching up with you my friend. thank you. the interest rates holding their
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neil: is a business is likely to face a 50-dollar minimum wage or at least to try to get workers regardless of what the executive order by the president and the federal contractors. just to find help is proving tough and it's really affecting those in the home care industry. good luck biting workers of any sort read it lofgren there that
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is it reverberating effect. grady with more. guest: neil yes, this particular home care company has change the mix of how much it they need to attract new clients and putting more money into attracting people to interview because are having such a hard time finding workers now the franchise owner of this home care facility so do me a little bit about the challenges you're having now compared to before the pandemic. guest: great question, the challenges now are very different because we formally could get a lot of people to interview weekly about 30 people awake. we could get to scheduled to interview and now, we are lucky if we can get four - five people week. to come on in the doors. guest: a lot of people suspect that that is some enhanced unemployment benefits through september and all of the stimulus deals being passed and from your perspective, what can you do to try to get people
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through the door and what have you done. guest: well we've created a new balance if you will enter expenditures on marketing and for the clients and marketing work home care workers. so the balance is in the favor of recruiting. and were spending a lot more money on recruiting than we were before. reporter: and new incentives for people who did doing that taking a job there. guest: yes, we have tried to come up with creative benefits, benefits on the budget if you will. but things like insurance, we have same day pay now through an app. we have benefits like recruiting or i'm sorry, referral bonuses and retention bonuses and you name it, we just keep trying to add to that list. we try to make things more attractive to the employees that we need. reporter: we wish you the best of luck. the's advocate was saying that
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if you pay employees more, the might come to work but allison told me that they've already bumped up prices for their customers so it is not viable to do that and keep the business functioning. neil: double jeopardy there, thank you very much. it's a general problem charles milligan is having, obviously for different reasons. he's having a of a time getting the people that is backyard bar and grill in texas and charles joins us now the face time. charles coming slain what is going on and what is preventing you or your business is booming and no problem with that front. it is finding workers. guest: it is and reviews the indeed platform to get our staff quite some time however, when we had my general manager and i reach out to 93 of those people who applied it on indeed. and it and 93 was only able to get set up ten interviews we
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spoke to almost elect three of those. you even said to make more money being unemployed. and out of the ten that we had set up interviews, only three came in and they were qualified and we hired them and only one showed up for work. we are just in competition it's not how it used to be, as with people staying home and making more money. and i understand that they have a health issue or they feel like they might fall ill they don't want to go out with these the choose to stay home, and take the money but yet go back to live the lifestyle of going out and partying and all that. there is an issue with buyer would pay paying people to stay home we should be may be paying them more to come to work. our offer more incentives to come to work. neil: slightly but to me, you get 93 interested potentially interested workers. guest: correct. they say they are interested, they've applied on indeed and to
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hopefully get a server job but the majority of them are just meeting their needs for their unemployment because they have to go on and search for jobs just to satisfy the needs of the texas workforce commission. so the issue that i see or we need to ask is through september, when there is no more federal money and you've exhausted you unemployment benefits, what then. this people are going to go look for jobs this would be restaurants i can speak to this but i know everybody is having issue, supply chain industry but what happens to all of those restaurants are closing out and anyone have more and more people looking for jobs might not exist anymore. so how are they going to give support then, they were already exhausted their texas workforce commission unlimited they've exhausted the federal government so now how they're going to make money and what are they going to do because there's going to be less jobs out there because the businesses are closed. neil: you advertise with these
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jobs are going to pay, you don't leave them in the dark and yet there's some passing up pretty generous pay and you do a lot of other things for those workers that other store owners restaurant owners do not. what do they tell you. guest: when you post an ad the majority of people know that for the most part, you are going to make as a server minimum wage with the server is because when you include your tips, that's what bums them up above the minimum wage. our servers in-depth which we are grateful, they are making more money than they ever have because those people that come in, the customers coming in are being more generous in their tipping more than they ever have. and is extremely appreciative on my side as well as our employees in the service you're making more money and with a lot of other people what they don't understand is because i've been bombarded today with those internet bullies in the twitter trolls. there blowing me up today and i don't even have social media.
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they don't understand that all the managers here they all took pay cuts in the employees there in the kitchen or the farmhouse, we gave them phrases to thank them for saying through bring these hard times during the covid-19 and bring to shut down printed people to understand all the sacrifices that we make because they don't want to take the time to get to know us to ask us questions read. neil: it's incredible. no good and deed goes unpunished apparently but please keep us posted on everything. and tell us the backyard bar and grill owner, the businesses booming in the customers are not coming, that is not the problem for him. it is the worker part, that is the problem. a lot more is coming up including what is going on with bitcoin, trying to stabilize now but there might be some trend is
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they do not favor currencies. charlie is been looking into that and he is on. [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. ♪♪
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neil: take a look at amazon stock right now, is not a cheap stuff, it is a split many years, about 17 and half bucks, about north of $3400 a share, maybe will join a very delayed - two split itself up. five - 16 - one or seven - one, who knows. following this closely, and this near mentioned moves the markets the benefit of being and what
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are you hearing charlie party to. guest: hate to say no, but it my producer and i made it jeff a lot richer if he can be hundred and $97 billion after what we reported yesterday about the widespread speculation pretty much saying it is going bad but is speculation, think that we made to jeff bezos richer. that they have a stocks, when they announced the earnings later in the year, we just reported about the speculation i've had no idea that it would start the firestorm what you did the stock went up yesterday like 70 bucks or something and it's a begin today and here's what we do know neil, there's a battle going on right now between wall street and jeff bezos, and wall street wants a stock split valley and they believe amazon splits is fox whatever it is, it will be cheap enough because it is too expensive now to be in the dow and if you get to that outcome that will be something good for the market value of
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amazon. in the shares on the market. bases will go up. your investment will be worth more read amazon, one of the problems is that jeff bezos that is x wife mckinsey continue to sell the stock there's not a lot of retail buyers at 3000, or whatever it is per-share. and that is why the argument on wall street is to split it so that it can move. amazon is really not moved in the last couple of quarters. so despite very strong earnings and that is what wall street is doing and on the other end you have jeff bezos for some reason does not like to do this, he has done three in the past, all before the .com bubble blow up in the obviously has been reluctant to do it and he is obviously like selling to institutions but is missing out on retail. this essentially the battle lines and will change in 2021, the consensus among the
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investors, we should point out that jeff bezos i believe in a couple of months will no longer be ceo, he will be going to another they chose as ceo and obviously jeff bezos will still be present but that at least the way the bedding is going, will change the dynamics a little bit and probably, they are saying this. i am just reporting what i am hearing. they would entertain probably the stocks and i think you will get daylight on this on thursday when clearly it will go up. it's going to be a topic here. and everybody is talking about it now since we have mentioned it. one negative is that remember, people are much more willing to buy fractional shares now. robin hood in all of these online trainings so you can forget the shares. it's just harder to buy it is a fractional share when jeff bezos is selling or dumping his talk because he's going to catch have a live event.
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the fractional shares do not work as well. so those are the two size of the story. clearly we will get some indication on what is up on thursday. we will see if they make any mention of the stocks but clearly with "fox news", a little showman the waters for the sharks, they are going nuts. one of their issues on bitcoin as you point out, a lot of people think the 60000 were traded as high as 60000, or a little more. it could be the high water mark for a while just keep an eye on it. the regulation coming out of washington could dampen the mainstream usage and that could lead to some real volatility on the downside. at least that's what a lot of the investors are telling us so be careful about getting into it at this level. neil: amazon does not pay a dividend, right, it is not follow the likes about full like back in 2003 or 2004, microsoft
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started paying a dividend around the time that bill gates was relinquishing day-to-day. so your point, jeff bezos leads the control later this year, by the consider all of it. how likely is any of that. guest: the dividend is different than at amazon because they use their excess cash to generally to make. strategic acquisitions hopefully with the last one. remember, that's always been his ammo and obviously maybe they take a detour here. they grow more organically without buying stuff. and they don't as much in the business but they return some to the shareholders. beasley something has to be done. very literally there is a war on wall street between jeff bezos and wall street a war. at some point you have to make your investors happy, that is just the way it is. in one way to think of doing it is an easy way would be that the stocks split, and it makes
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sense. $3400 a share. that is not in the dow. and remember, you get the stock split, it doesn't diminish the value of the company you just get more shares with a stocking loan. but it's easier device of the action of the valley could actually go up. so an intellectual argument that jeff bezos has some content for this pretty can't say is definitely going to do it and by the way he will still have presence at the company so that is why i am saying reporting spike elation, i am not saying it's happening. far from it. the traders and investors are talking about it like crazy talking about it leading up to the earning so we will hopefully get some daylight from the company on just how serious their considering it whether they will do it or not. neil: interesting got it my friend printed amazon stock continues to advance today. one of the we are following, joint session of congress tomorrow night is it will not
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act now! neil: the presidents big address and joint session of congress is tomorrow night but take a look at where you sent progressing and you'll notice quite a few anti- seats. what is going on. guest: what this is going to be a very different looking speech tomorrow night, usually the pack about 1600 people into the house chamber read but this time there were only be a grand total of 200 people in hand, about 80 house members and 60 senators, the cheese justice john roberts is the only invited member of the spring court, this is for covid-19 protocols but republicans question whether this is hygiene theater. >> senators just sitting inches apart over five or six days and apparently covid-19 was not an issue then but now, of course some thing like this, we can't
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have that many people in the room sitting next to each other. this kind of a silly thing. >> this is of course of the biggest event since he in our inauguration party and fewer people in attendance could actually make it easier for security. >> certainly january 6 has been dissected quite extensively so i am sure with a high degree of confidence that they've adjusted some of their procedures. to ensure the safety of the segment but, this won't be the last one. >> president trump give his final speech on february 4th last year the day before his first impeachment trial candidate and that is also more than a month before the pandemic with the u.s. the new sergeant in arms when walker will escort the president into the chamber to the center door, one of the doors with writers trying to barge in on january 6 printed progress mentation police officers protecting the very door with
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guns drawn. neil: thank you chad, let's go to the hill corresponded with us. tell us, it will be a different type of address and the parts of the president in this joint session. i'm just wondering given the fact that such limited participant precipitation inside of the house, whether that will change its tone. guest: that is a good question, only having 200 people inside of the well and in the lack of the guests. and he and the first lady could bring a guest and it used to be they would point to them during the address things like that. and that was a lot of the fun traditions that went on and you saw the members and perhaps some of them reactions from one side of the other and i think that people are kind of enjoyed watching those exciting parts of seeing the inside view of what congress looks like and how they
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react to the president. so it will be interesting to see how the numbers from home and people watching on tv are impacted by this and were also hearing the speaker pelosi only has so many advice and that she might just be announcing that only leadership can go in. the democratic leadership you'll also hear the republican side that they're going to speak some republican saying that i would rather not gotten to go to one and this is the first. so perhaps if you are a member of congress or you are a senator, you're also less likely to watch if you're not going to be in the room. neil: i think it is going to do better than the oscars telecast. [laughter] at least 9.8 million americans watching this thing, maybe not but you don't know. but when you expect from the present printed he will keep pushing this infrastructure into the recovery plan and trillions of dollars for the spending a lot of text like to go with it. he will no doubt be showing the
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american people, making sure they're okay with the agenda and parts of that that they don't like. but they seem - when do you expect. guest: i expect the different telecast but same lecture certainly they oscars but i will tell you this, but we will be saying is that press holding joe biden accountable for his entrance and he's likely to say today. we are talking about this idea these created over a million jobs, the first present in the history when we talk about people just reopening the businesses and things that when donald trump had made such statements, the press calling on that sweet over and expecting him to say things like, 2,130,000,000 people vaccinated. while this started on the track of donald j trump pretty to see what i am jumping on you rudely and i apologize for this and the president is speaking out about this in these new cdc guidelines in the virus and stuff that is
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going on with the vaccinations. let's listen in. biden: together with her friends and loved ones, we are celebrating this day but before that, i'm want to tell you about the recent change and announced by the center for disease control prevention, the cdc. let me say first, while we still have a long way to go in this fight, and a lot of work to do, and may end in june to get us to july 4th, we made stunning progress because of all of you american people. the cases and deaths are down, down dramatically from where they were when he took office on january 20th. and they continued to fall. this particular true for a group of americans that we were most worried about when it came to the virus. senior citizens, and when i took office in january, we were literally tens of thousands of
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our seniors each week. the grandparents who we loved so dearly, the moms and dads and pillars of the community, they were gone by the thousands every day and at that time, less than 1 percent of seniors were fully vaccinated when i took office. today, in less than 100 days, more than 67 percent, two thirds of our seniors are now fully vaccinated. that effort resulted in a drop of 80% in deaths among american seniors. a 70% drop in hospitalizations. so instead of losing thousands of seniors each day, we're saving thousands of lives and more and more as each day goes by. and by the way, based on
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reported data the proportion, proportion of seniors who have been vaccinated is essentially equal between white and seniors of color. i said from the beginning that we were, we're going to fight this virus with equity, equity for all. as a matter of fact if i'm not mistaken there are more latinos and african-american seniors that have been vaccinated as a percentage than white seniors. these numbers are a sign of progress on that front as well. now, last week i announced that we had crossed the threshold of 200 million shots. we're now, since inauguration day, we have given 250 million shots. and that, anyone 16 years of age or older is now eligible to get the vaccine now, today,
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immediately. because of the extraordinary progress we made fighting this virus and the progress our scientists have made in learning about how it gets transmitted earlier today the cdc made an important announcement. starting today if you're fully vaccinated and you're outdoors, you need, not in a big crowd, you no longer need to wear a mask. i want to be absolutely clear. if you're in a crowd, like a stadium or at a conference, or a concert, you still need to wear a mask. even if you're outside. but beginning today gathering with a group of friends in a park, going for a picnic, as long as you're vaccinated, and outdoors you can do it without a mask. the cdc is able to make this announcement because our scientists are convinced by the
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data that the odds of getting or giving the virus to others is very, very low if you have been both fully vaccinated and out in the open-air. the cdc also, clarify which outdoor activities are safer or less safe, depending on whether you've been vaccinated. the bottom line is clear, if you're vaccinated -- charles: good afternoon, i'm charles payne. this is "making money," breaking right now that is president biden giving an update from the cdc on mask wearing. we'll keep checking in, particularly if there are questions. meanwhile the stock market on sort of a pause here as the rally itself broadened out, there is obviously something or some things gnawing at this rally. fed meeting tomorrow. inflation fears bubbling up. higher taxes come to mind as well. let's face it investors prefer when the megacap names are leading the way. what you need to know about
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