tixt bil b cupsup t ch and a a aay.. checchketskets beforeef erer he. we've got the dow down about 80. nasdaq is up 50. s&p ever so slightly lower. i have a mixed market this tuesday morning as we head towards 12 noon. jackie deangelis in for neil cavuto today. jackie: welcome to "coast to coast." i'm jackie deangelis in for neil can scutto today. biden is looking for the government to go bigger. critics hint they can do that but we'll go broke. talk about timing, drivers still dealing with gas shortages.

michigan governor gretchen whitmer is talking about shutting down another pipeline. the latest attack on american energy. teenagers are trading stocks. how one person is getting more young people into the stock market. treasury secretary janet yellen is calling for the government to take on a more active role in the economy as well as renewing calls for a higher corporate tax rate. blake burman has more on all of this from the white house for us. good afternoon, blake. reporter: good afternoon to you as well. we're told by the biden administration that the members of the administration will head up to capitol hill to talk with senate republicans about a gop counter offer on the infrastructure proposal. the reason i bring that up we heard treasury secretary janet yellen speak before the u.s. chamber of commerce and lay out the administration's case and their belief why more spending is needed when it comes to a infrastructure package, the american jobs plan, along with

the american families plan as well. as treasury secretary put it, the administration feels they need to go big. >> it is time to recommit our government to playing a more active and smarter role in the economy. we're proposing smart investments to make our economy more competitive and sustainable, to provide opportunities for all families and workers and to make our tax system fairer. so let us think big. reporter: but there are questions right now how much spending is needed at this moment in time yet alone in the future in the upcoming months right now the number jackie is up to 21, 21 governors all republicans who are committed to ending one government program, that being the expanded unemmoment benefit. they believe that the added benefits are becoming a drag on workers or trying to get workers back into the workforce. you look at that map, jackie, 21

states, there are 2republican defend seven republican governors. jackie: blake that is amazing oklahoma they were talking yesterday we'll give you an incentive, a credit to get back to work. it will be interesting to see how it plays out. reporter: just down the road here you only have to go to an hour to get into west virginia. the governor jim justice hinted west virginia do same thing, reentry bonus. talking about 500 to $1000 in that state. jackie: the idea is catching on. blake burman thank you so much for that. based on this messaging that we're getting from treasury secretary janet yellen, the question is, is big government here to stay? let's get reaction from delance sy strategies jared levy, capitalist pig hedge fund owner jonathan hoenig. jonathan, so many people say we don't need big government, leave

us alone, let the economy get back on track. >> yeah. it is destructive. jackie, you're absolutely right. they are committed to big government, not to fundamentally strong economy or certainly an efficient stock market. yellen and biden honestly believe government spending creates wealth. just the opposite is true. it's a drag on the economy and it is also inflationary. there is no such thing as a free lunch, janet, jackie, all the talk -- jackie: talk to janet. tell her. >> one of the reasons why your whirlpool dishwasher cost 12% more because of all the government spending. that is going to continue. jackie: that is the other issue, right? we're watching prices go up. talking about inflation. definitely had an impact on the market. the biggest worry, jared, my argument once prices go up, like gas prices they come down very slowly if at all. the things i'm paying more for here in new york city, for example, i have a very hard time believing that the stores, the restaurants, all of sudden,

miraculously magically take these prices down. >> well they can't, right? jackie, think about it, if you're a shop owner, you had your rent raised on you 20, 30% over the past five years, you can't bring your pricing backpack down. suppliers who are having problems getting shipments in from other countries, seeing cost of goods, metals, everything rising, you can't reduce prices. here is the thing, our expansion never stopped. we had a momentariliry pause because of the pandemic, government stepped in unprecedented ways. here is stimulus. don't pay your rent. don't pay your mortgage. they have already given americans an unbelievable advantage. if you continue to do that, the one segment, the biggest segment is the folks at the lower end, the folks that don't own homes, the folks don't own assets appreciating anti-inflationary. those folks will be left hanging as prices continue to rise. jackie: you bring up a great

point i always sit back and look at this, say to myself, i see what is happening in the stock market, see what is happening to savers, interest rates over the last decade staying so low. it will be difficult to get out of this quagmire we're in at this point. you have got, jonathan, the savers, people doing the right thing, who want to try to buy a home, who want to save for retirement. they're getting essentially punished if they're not invested in the stock market which keeps going up, up, the more conservative that you are you have to say at some point the bubble will burst? >> jackie, you're pushed further and further into risk assets, something literally as insane is dogecoin which is literally fairy dust. it is a lack of creativity in the fact of government now. something like infrastructure would be privatized that wouldn't give them control. that is it what they want, jackie. so much of the infrastructure plan is stuff like getting women back to work, et cetera, really social planning and control, that is what biden's plan is all

about when it comes to the economy. jackie: i can't believe we have gotten this far into the conversation and haven't mentioned higher taxes and that is coming too. jared, you look at janet yellen, she was fed secretary and now treasury secretary. they know about monetary policy. they know what could happen here yet they're going forward with this kind of plan anyway. >> they know that we are in a tenuous situation. you have given the american public a lot of cash, okay? looks good, spending looks pretty good because we have all incented crash created. they realize when those taxes hit, they're saying only on 400,000, there is a lot of tax hikes coming, whether that happens that will hit the economy like a ton of bricks and try to -- trying to get ahead of it. jackie: to your point it may be on families, people, individuals. they haven't been really clear what they are going to do there

making more than $400,000. when you do that, when you tax corporations as well. the problem is that those price increases come back to the soon number. the consumer ends up paying more. that is this inflationary environment we're in. that is how you're taxed. so people at home understand. >> it's a vicious cycle. jackie: it really is. >> yeah. that, that is just it, jackie. when you tax corporations you're taxing employees, lower wages and you're taxing consumers higher prices. that is exactly what yellen and bidden are doing. jackie: the final problem, i will add this as we move on, prices go up, people stop buying goods, employees are laid off. we have a problem in the labor market too, gentlemen. we'll watch closely. president biden is pumping up his green agenda. he is touring the ford electric plant in michigan today ahead of western's reveal of ford's all electric f-150 lightning pickup truck r people ready for this kind of a transition?

edward lawrence in maryland for us with more. hey, edward. reporter: hey, jackie. you know maybe not. new research is out there 20% of all electric drivers in california that had all electric cars, turned them back in for gas engines. one of the main reasons right here. they complained there weren't enough charging stations in convenient places plus these are expensive t costs too much to put inside of their homes. research was done by the university of california at davis. that is where the researchers were. they found 18% of the battery electric vehicles, hybrid electric vehicles turned them back in to traditional gas engines. with all this data, they found tesla owners were the least likely to turn their cars back in. the white house trying to change all this perception with money in the american jobs plan to build 500,000 ev charging stations by 2030 as well as pump more money into the other parts of the electric production line. republicans say now is not the

time to do this. >> the president wants to borrow 2 trillion trillion dollars from your grandchildren and raise taxes to build electric chargers. the republicans want to repurpose money spent in january, put it in the hands of county commissioners and cities officials to build typical infrastructure. reporter: senator chuck schumer is saying that the transition to electric cars is happening too slowly. he wants all of the vehicles electric by 2040. the white house press secretary jen psaki on air force one just a little while ago said that the president, president biden views the future jobs in cars is with electric cars. the federal government currently gives $7500 or up to $7500 if you buy one of those electric or hybrid cars. 20 states add on to that. however we're seeing in this study some people think the infrastructure just isn't quite there yet. back to you.

jackie: thank you so much for that, edward lawrence. we're watching these gas prices they're climbing hitting the highest level in at least six years. some gas stations on the east coast still out of fuel. now michigan governor gretchen whitmer wants to shut down another pipeline. our next guest says that democrats are reaping what they have sown. canary ceo dan eberhart joins me right now. dan, great to see you. i'm stepping back, looking at all of this happen, i covered energy for a long time and i saw we were the world's top energy producer, over saudi arabia, over russia. historical. and this administration is slowly but surely, not even so slowly, completely backing off of that? >> yeah. the american shale revolution really brought us a huge amount of energy, a huge amount of jobs in the middle of this country. also in pennsylvania. the administration just seems to be kind of poking one hole in the balloon after another to reduce america's energy

renaissance to a small boomlet, instead of a boom, in in the same breath trying to push energy costs for consumers higher every time they make a move. jackie: it started with the green energy policies. it started with tightening up some of the regulations that president trump had rolled back to make it easier for companies to pump and produce energy here so we wouldn't be reliant on the rest of the world, and now the administration finds they're in a very tricky situation because they couldn't predicted what happened to the colonial pipeline, cyber criminals, a cyberattack. you have a serious problem with gas prices that became a problem at that escalated very quickly shall we say on the east coast. we're looking at gas prices over three dollars. we're not into memorial day yet. >> gas prices peak at memorial day. i think this is panic buying. european supply redirected to america. i think that will be a wet

blanket on prices going higher. the biden administration lacks foresight here. canceling the keystone pipeline. that makes colonial move more after pinch point, critical to u.s. supply. coupled with reducing drilling on federal lands and fracking on federal lands. this is pushing energy prices higher for consumers at a time we need lower energy prices so consumers can spend money on other things. jackie: i find it surprising pete buttigieg realized pipelines are the most effective way to transport oil t took a attack on the colonial pipeline for the administration to realize that. >> would you rather oil be on the road next to you or underground on a pipeline? less likely to get an accident. less likely to cause traffic congestion and cheaper in the pipeline. to me it's a no-brainer. anytime they say no pipelines they make the pipelines that exist more valuable and more subject to the criminal

cyberattacks. they're also pushing up energy prices to consumers which to me is a no-brainer. more pipelines is lower cost. jackie: so that's right. that is one of the things moving the oil, transporting it on the road is one of the most costly ways to do it. the other way is by rail. there are railcar accidents and explosion problems. pipelines are in the safest way. as we're in crisis mode working our way out of it, michigan governor gretchen whitaker looking to shut down the embridge pipeline during the gas shortage. that embridge line five, transports 540,000-barrels per day, she is worried about the impact it has on bodies of water around the area. tough ask yourself say, my god, is this the time to be having that conversation? >> exactly. seems like what michigan needs is a new governor, somebody

pro-business. whitaker is reaching back in the past, taking a pipeline active for 30 or 40 years, all of sudden pull the force majure clause, declare it invalid. to me this is again anticonsumer move that will push energy costs higher. seems like a naked play to the progressive left she is virtue signaling against oil companies. she will favor the progressive left over the, you know, energy consuming consumers in the middle. this movement makes no sense to me. seems like a politician to grab a headline out of the past. it is good for folks moving forward. i don't think it is good for michigan or the rest of the country. it's a bad precedent for property. jackie: first will start with gas prices, peak typically july 4th weekend, for the summer driving season. we'll go into the winter and see what impact as consumers, heating oil, natural gas as we try to heat our homes as well. this is not limited to the summer driving season.

people will feel the impact of this for some time. >> exactly. the more the these biden regulations and biden freezes come into effect the more just incrementally drive energy costs higher. both gasoline price this is summer and heating oil and natural gas price this is winter. it is a lose-lose for consumers i think. jackie: dan, thank you very much. great conversation. talk to you soon. we're also keeping our eyes on rocket fire showing no steins of stopping in gaza as cease-fire talks are reportedly in the works. we're live with the latest from southern israel when we return. you packed a record 1.1 trillion transistors into this chip i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you

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fired mortars at the trucks. so they closed the crossing. rocket fire resumed in southern israel. we seen a number of strikes at the position we're at in ashkelon in the southern part of the country. this hit where a group of people were living, foreign workers in the ashkelon reason fall council. look at the scene. two people are dead, many more injured after the rocket slammed into the regional council along the israel-gaza bothered. first-responders say those killed are foreign workers here on work visas. off in the distance there are israeli artillery rounds fired into the gaza strip in response to this attack. two people were killed when a rocket slammed into this area along the israel-gaza border. as we speak the israelis are striking gaza. you can hear an explosion there as the death toll mounts. 214 palestinians have been killed so far, hundreds more

injured. the scenes of destruction coming in today are significant though arguably more significant, the voices of the civilians caught in the crossfire. >> translator: what does this at 5:30 in the morning. people are still sleeping. the planes struck the street. our lives. we have no idea where we want to go, where to run. the whole world start running. then destruction and an earthquake. reporter: reports indicate egyptian negotiators are trying to cut a cease-fire agreement between hamas and israelis. we saw six rockets fired from lebanon towards israel. none of them landed inside of the country. it gives you a sense of palestinian influence outside of the gaza strip. this comes amid protests and riots in some parts of the west bank as well. jackie. jackie: trey yingst in southern israel. great reporting and stay safe. former national security advisor to vice president cheney, john

hannah. you see trey's report. the biden administration is engaged in quiet and intensive diplomacy in order to de-escalate the situation. is that the best approach here? or should the administration be taking a tougher stance? >> no. i think at this point, jackie, that the biden administration, the president himself deserve quite a bit of credit. they're trying to give the israel defense forces the time they need to really fight back against this war of aggression that been imposed on them by hamas firing thousands of rockets into central israel, attacking israeli civilian population centers. israel is now trying to degrade as much as of hamas' military capabilities as possible, in order to assure that hamas won't be able to do this for a long time to come. for that they need some time. i think president biden is trying to give them that. jackie: okay.

so you agree with the approach. but i want to ask you about this because "the new york times" is writing and some other outlets as well essentially you know, trump's policies, his abraham accord which people were praising for making strides in the middle east that we haven't seen before, this essentially set up a situation, the situation that we're seeing now, empowering israel in a certain way. some people would say that is absolutely not true and that this is actually, this is hamas you know being backed by iran and coming at us for, coming at israel for different reasons. i'm curious what your take is on the origin of what's happening right now? >> oh, i think this has nothing to do with the strength of the u.s.-israel relationship, jackie if anything hamas, its iranian sponsors, sponsors from

hezbollah and lebanon are lobbing these rockets precisely to cause civilian casualties not only amongst israelis and palestinians, that they can use to fuel international outrage, with the ultimate target to undermine the strength of the u.s.-israel relationship. so i think at this point in time demonstrating that that tactic won't work. that iran, hezbollah, hamas will be losers. this will strengthen the u.s.-israel relationship is the path america ought to be focused on. jackie: i want to get your reaction to this as well because general jack keane telling maria bartiromo this morning that he believes the iran nuclear deal is funding hamas in gaza right now as you're speaking and that that really is the crux of this. listen to this. >> the windfall of the 2015 deal to iran was $140 billion that they received as a result of the nuclear deal.

of that money went to fund their proxies. so these rockets and missiles that are falling on israel likely came out of that deal. jackie: okay. so part of it is the funding that came before and others would add to that and say it is this administration's willingness to even talk about reentering that agreement at all that has given iran sort of the runway to get involved in this way? >> well, listen first i agree entirely that hamas's main sponsor is the iranian revolutionary guard, both their financing and the weapons including the missiles that are now landing on israeli population centers all come from iran. i also agree that it would be a terrible mistake for the united states to reenter that nuclear deal. one, because it will not permanently end the iranian nuclear program. it will only temporarily pause it and it offer as u.s. blessing

to iran becoming a nuclear weapons threshold state in less than 10 years but it also will put tens of billions of dollars into the hands of the revolutionary guards who will spread it around to its proxies to fund what they have called a ring of fire that encircles israel and all of america's arab allies in the region, that puts them under threat. you will basically having the united states fund iran's imperial project across the middle east. jackie: i want to get your take on netanyahu and how he is handling this. many say he is essentially clinging to power. he has no incentive to, for ceasefire at this point if it is really all about him and his story and his involvement here. your thoughts on how he is handling it, how you expect him to handle it as we move forward? >> listen i don't think prime minister netanyahu wanted this kind of conflict.

he doesn't want thousands of rockets aimed at israeli citizens, killing israeli citizens. you have to say though that one of the outcomes maybe unintended of this conflict is that hamas has actually strengthened prime minister netanyahu because he has made it impossible for a coalition of anti-netanyahu parties to form in this context in part because they would have had to rely on an israeli-arab party. with this conflict has now so fueled an internal conflict in israel between jewish citizens and arab citizens, that it made that coalition impossible. everybody is now rallying around the flag in israel and that means rallying around prime minister netanyahu to some extent. jackie: john hannah, great to see you. thank you. >> thank you. jackie: still ahead on the show help is wanted from new york governor andrew cuomo. the new push for the governor to

end federal unemployment benefits as 21 other states are opting out. ♪.

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at fidelity, a change in plans is always part of the plan. ♪. jackie: welcome back, everybody. mask requirements changing rapidly from coast to coast and americans are trying to keep up with the latest guidance. fox news correspondent peter doocy is at the white house for us with the latest who is wearing a mask, where they're wearing it, why this is so confusing, peter. reporter: jackie, part of the reason because the guidance from president biden who they keep putting out there to explain it to people is changing by the day. initially he was saying people should get vacsed or be masked. now he is saying the vax is better than a mask. >> now the science now shows

your vaccination protects you as well as being masked or better than being masked. reporter: but just this weekend outdoors the fully vaccinated president wore a mask and for people who want to do that like him he is asking others to be understanding and kind as for people who don't want to get vaccinated he has a grim warning >> normally those who are not vaccinated will end up paying the price. reporter: some democratic leaders are hesitant to follow the cdc mask guidance for the vaccinated n california leaders are ignoring it, going sofar to call national chains like trader joe's who tried to give option to drop their masks to stress, that breaks state rules. so california is going to have a mask mandate in place for another month. in new york, they will roll it back tomorrow. d.c., they rolled it back yesterday, yet speaker of the house nancy pelosi wants to ex-trend the extraordinary era option for members to vote

remotely even though 100% of democrats have been vaccinated, about 3/4 of all lawmakers have as well. that has republican congressman mike gallagher saying today in washington, d.c., dramatically eased covid restrictions, but instead following suit, speaker pelosi will extend proxy voting through july 3rd. declared congress non-essential. this doesn't make any sense. neither does the photo, showing masks outside for the vaccinated anthony fauci and democratic whip dick durbin. that is according to nowchy's own advisory. >> now, when you're vaccinated you don't need to wear a mask, not only outdoors but you don't need to wear it indoors. reporter: any minute we expect to see president biden pop up at an electric vehicle factory in dearborn, michigan. we'll have many opportunities on that tour to see whether or not he wears the mask inside, outside of the white house bubble. jackie. jackie: at least they're not wearing two masks anymore, peter

but he is still talking out of both sides of his masked mouth if you will. good to see you. thanks so much. 20 one states ending federal extended unemployment benefits. will new york be the next to join? my next guest says businesses across the state are struggling to find employees. we have duchess county executive, mark molinaro. great to have you. the big question what is happening in new york. we're behind the trends, behind everybody, one of the slowest to get back in the groove of things. do you think governor cuomo will get on board to say time to force people back to work for those taking advantage of the system? >> i can guarranty you if waiting too long is too long, this governor will do it. we already have seen that new york is not having economic recovery we could. small businesses are struggling to find employees because they are deincentivized to go back to

work. [inaudible]. the problem [inaudible]. frankly while new yorkers and small businesses families, farmers are struggling, who he is raising five billion dollars on his blood-stained memoir as his families suffer loss. [inaudible]. new yorkers know by incentivizing folks getting back to work we get back to work. jackie: a number of states are saying listen, not only will we end the benefits, we'll take the money from the federal government, we'll give it out as a bonus for people who get back to work, the first ones who get back to work. there is this argument at the same time, child care. that is issue. people are scared of the virus. i'm out in the real world, people living their lives they may not be going to work but they don't seem scared of the virus. >> no, listen, we have folks really, really energized.

[inaudible]. it is always too slow to get out of an economic decline. we're the highest tax state, shoulder the highest burden of any -- in america and new yorkers want to get back to work. they want the -- [inaudible]. to your point, yeah, folks understand that incentivize getting back to work we cannot grow the economy. jackie: mark, great to talk with you as always. we'll have you back on soon. see how it shakes out. we'll watch the governor very closely as he counts the money from his book deal too,. >> coming up why the beijing olympics are facing a full-blown boycott. the details next. ♪.

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♪. jackie: welcome back. marxism in the military, a space force lieutenant colonel spoke out about that topic, he was removed from his command. fox news correspondent lucas tomlinson is live at the pentagon with the latest for us. hi, lucas. reporter: jackie, that lieutenant colonel in the space force was relieved in command after receiving training materials, extremism material was biased against white people. >> there were videos being sent out to every base service member we asked to watch in preparation for extremism down days, discussions on race which we were taught that the country was evil, that it was founded in 1619 and not 1776. that whites are inherently evil. so i speak up against those things in my book. reporter: officials say never received permission to publish a book. he didn't go through the process

former defense secretaries bob gates went through. officials tell fox, none of the training materials given to him mention the 1619 project or anything about whites being evil. the videos were publicly available online. the head of station operations command relieved lieutenant colonel low mire ahead of space command last friday over what he called a lot of trust and confidence in his ability to lead. space force spokesman telling this was made by public comments by lieutenant colonel in a recent podcast. station operations come manned initiated a command directed investigation whether these comments constituted a prohibited partisan political activity due to the on going investigation it would be inappropriate to comment further. three of those publicly available videos have been reviewed by fox news, so far no mention of any 1619 project or anything about whites being evil. we reached out to lieutenant colonel for prove about these videos. jackie: lucas, great to see you.

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♪. jackie: welcome back. take a look at this. housing starts tumbling 9 1/2% in april, retreating from their highest levels in almost 15 years. housing is being hit by surging prices for lumber and other materials as well. homebuilder stocks are down today too. we're watching tesla's stock. it is down about 18% this month and elon musk's fortune sinking along with his stock. the ceo losing his spot as the second richest person in the world. let's bring back our panel, jared and jonathan. jared, you know, elon has this way of occasionally shooting himself in the foot and this may be one of those times. >> yeah. my girlfriend who is a crypto trader and trades that all the time we're always going back and forth about elon's thought process and you know i thought i was following his train of thought for a while and now i'm kind of lost and i will tell you

this, this is important to remember, 4,000 crypto currencies out there, right? none of them have tangible value. only way to derive value or popular acceptance or someone like elon musk holding large amounts saying they are willing to buy. he is hurting his own stock, it to me, it is just confusing. i'm trying to wrap my head around it, offer the viewer some rationale or reason but i can't and that is the whole problem here there is no, there is no rhyme to his actions and it's frankly a little scary to watch. jackie: it is. it is kind of like at times watching a train wreck but jonathan, over to you, just talking about cryptos a little bit more globally. some folks would say, look, this is not all about elon musk and moving the market but i love this quote and i want to read it to you from a article in market watch. basically they were saying crypto sensitivity it is very sensitive to news and it

reflects the bubbliciousness of digital assets. >> jackie, that is it. cryptocurrency as we know it, it,nft, the non-fungible token phenomena, that could not exist in the midst of 2018, 2009, people had the money but they were too scared to invest as something jared mentioned has no physical tangible asset backing it up. i tell you the price action in the last couple days has been very consistent and very weak because trends tend to persist. i think you have to avoid buying the dip in crypto. keep in mind this is 43 or 44,000-dollar asset was $9,000 a year ago. it is not unbelievable it could go down to test the lows. jackie: schools of investors are buying this as a hedge against inflation which the market is clearly worried about. gold used to be the old go to when worried about inflation. those group of investors saying

the government is making me do this, making me take on this kind of risk. >> yeah. think about it. first of all we get back we talked about before, younger people, lower end of the tax brackets, right? they don't have money to buy an ounce of gold. what they do have, do see, friends of theirs got lucky, bought a cryptocurrency for 25 cents. it went to a dollar. they got a new ferrari. thinking wow i could hedge my bet, be rich, keep up with inflation. unfortunately the volatility inside these cryptos as jonathan and some of us talked about that will prevent it from being a huge hedge against inflation. this is something you have to be savvy and active with it. i can't recommend it to anybody as hedge against inflation. jackie: that could be me too, we've seen it happen with stocks as well with gamestop as well. moving on, i want to get your take on this, this is sort of

related a little bit. fidelity is pitching a no fee brokerage account for teens. i want to get your take on it, jared. your kids are still young but so many kids, teenagers have 27 million of them, they have mobile phones. most of them, many of them do. they are learning to do things at younger ages guided by their parents, learning how to invest. is this something you would work with your kids on? >> yeah. so i mean i've got, first of all i have a 2-year-old could pick up the phone to get into my brokerage account. that is how easy it is. i watched young people, i talked to many young people from 11 all the way up until 18, just how to invest. this is an interesting gateway. they know this is the future but the thing is, the catch here, you can't hold cryptos inside of traditional brokerage account, at least not in their form. jackie: fidelity will not let you do it. >> correct, correct. but coinbase can. i think it is the right move but i think there needs to be, to do the right thing there needs a

little bit of education that goes along with this. >> the education comes, the education comes when you lose some money. jackie, i was a teenager with a brokerage account. i think it's a good idea. get a brokerage account with the first credit card. learn how easy it is to spend money and how difficult to make it over long term. learn the lessons with small dollars at work than later with a lot of money on the line. jackie: we talk about financial education and how important it is as they head into their adult lives. so many people, you go to school, you go to college, they don't teach you this stuff. so many people feel they're not equipped to enter the real world to balance a checkbook. not that you do that anymore, it is done own apps. jonathan, great to see you. >> be well. jackie: a mass tax exodus gaining steam in several blue states. we'll take a look at the top three states on the high-taxed list after the break.

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jackie: welcome to the second hour of "coast to coast", i'm jackie deangelis in for neil cavuto.

we have another jam packed hour of news, just for you. ahead, take a hike, tax hikes. more people high tailing it out of certain states, but, treasury secretary janet yellen just told skeptics, higher rates are good for you. plus, new calls for a full-blown boycott of the beijing 2022 olympics. is the talk legit or is it just diplomatic gymnastics we'll break it down and mayhem over masks, differing guidance from the cdc, businesses, and states have people burying their heads in frustration once again. we're going to go over the on and off debate. but first, rising tax burdens driving more residents to states like texas and florida, and a new study predicts that residents of new jersey, massachusetts, connecticut, are going to face the highest tax burdens over a lifetime. ashley webster in florida with more for us, hey, ash. ashley: yeah, notably not in those states, hey, good

afternoon, jackie. we are talking about taxes on income, property, cars, and retail spending, over the course of an entire lifetime. now, the average american will estimated just pay over 34% of all lifetime earnings on taxes, but oh, no, you'll spend a whole lot more of that if you reside in a blue state, and here is the proof. according to financial tech company "self" new jersey will top the list with an estimated 931, 698 paid in taxes over a lifetime or 49.5% of your earnings, massachusetts and connecticut coming in at number two and number three. new york, by the way, you mentioned new york, at seventh at 43.8% but the percentage actually higher than connecticut , and then of course there is california out west, as eighth on the list of actual amount taxes paid but with a percentage it's nearly a 45% of your earnings in california go

to taxes over a lifetime so the question becomes what about the other end of the table? well they have it, tennessee recording the lowest lifetime taxes, 347,000 just over, that's 26.5% of earnings spent on taxes , new mexico and kentucky also as you can see , finishing towards the bottom both around 26%, so, what about texas and florida? texas came in 27th with 32% of total earnings going to taxes, not bad, florida though, even lower at 37th with an overall tax rate of 29%, so yes, in this particular graph, the blue states win it hands down and of course, a far more open economy and schools open for in-person learning has certainly accelerated that movement away from blue states to red states like right here in florida, but i hear it every day here, florida residents say do not turn this state purple with that big influx coming from blue states, so we shall see but the

taxes certainly tell the story, jackie. jackie: and you know what's so interesting, ash, you know because you're down there. i overheard this woman saying she's up here visiting from florida but they are preparing for a gang buster summer down there. usually it gets so hot people leave, but nobody is expected to leave this summer. ashley: that's right. people don't want to fly going long distance trips so why not go to the sun, the sand, and florida's got plenty of both. jackie: times are changing good to see you ashley webster thank you so much. ashley: thank you. jackie: senate republicans expected to meet with biden officials today where both sides are expected to discuss and review the gop's counter- proposal to president biden's infrastructure plan. hillary vaughn on capitol hill with more for us. hi, hillary. reporter: hi, jackie. well i'm told this meeting between the republican senate negotiating team and biden administration officials is really a follow-up meeting to the conversation that they had at the white house with president biden. right now, republicans are still

working off their counter offer that they brought to the table in april. that be the largest infrastructure package, republicans have ever backed, but it doesn't do enough or spend enough for some democrats today treasury secretary janet yellen in front of the chamber of commerce tried to make the case for nontraditional infrastructure spending on things like child care. >> to end one infrastructure project is uncertain, but what we propose is a portfolio of public investments that together , will have a significant positive directed to the american people. reporter: but other senate democrats think the best way to get a bipartisan deal is for both sides to focus on ways to pay for hard infrastructure, not the other stuff. i caught up with senator chris coons who says he's been in touch today with the gop negotiating team. he tells me both sides should try to work out a deal on that, but he eluded to a backup plan that democrats have saying if they can't get a bill, they should focus on how to get all

50 democrats on board, but so far, sources familiar with the talks tell me both sides are still engaging, but the red line for some republicans which are tax hikes still has not budged. >> the corporate tax rate increase, or increases in international taxes, especially coming out of the largest negative shock to the economy on record, is counter productive, and a non-starter on my side of the aisle. reporter: and jackie even this morning, yellen tried to make the case for a corporate tax hike to pay for infrastructure in front of the chamber of commerce, and immediately, the chamber of commerce ceo suzanne clark said that that be a huge disadvantage to businesses, and that they need to come up with other ways to finance infrastructure. jackie? jackie: hillary vaughn, in washington for us, thank you so much for that. speaking of treasury secretary janet yellen, she's asking businesses to embrace president biden's corporate tax hike plans , but ohio republican

senator rob portman says this is going to end up hurting the u.s. economy. listen to this. >> if we were to pass what president biden says he would like to pass, that people's wages are going to go down, their benefits are going to go down and we'll be less competitive in the global marketplace so our businesses will be less able to compete and win. jackie: let's get reaction from geltrude & company, founder dan geltrude and former investment banker carol roth. carol let's go ahead and start with you. you heard that sound bite, the senator makes a point. >> he makes a really good point you tax things when you want less of it. i think everyone is in agreement that we don't want fewer businesses, we want more businesses, and at the end of the day, the government has plenty of money, too much money, we shouldn't be figuring out where, you know, who needs to pay more, they should be doing more with less. i think a lot of this comes out of virtue signaling, or these

talking points that some of these big, bad, corporations paying no federal income taxes, but the reason that happens is because of tax structure, not because of tax rate, when you have things like net operating loss carryforwards, and expens ing of investments, which make sense, you show at some point in time, potentially no profit, so whether you tax that at 10% or 70% you're still getting zero so what's going to end up happening this is going to affect the small businesses that have corporate tax structures and they're the ones that are going to end up paying it just so that we can "fight these big bad guys" at absolutely makes no sense. jackie: that's a great point and part of this is corporations are the big bad wolf, let's go after them, but we're also going to go after the small businesses to carol's point and we're also, dan, going to go after, you know , regular people. regular people, couples making over $400,000, depending on where you live, that, you know, here is an expensive city that's not the same as if you're living somewhere else. it's not really a ton of money,

and so you ask yourself, the folks who are living in these cities like new york city, for example, paying more, more, more, keep paying more in taxes and your services keep going down, we're defunding the police , there are homeless people everywhere, crime rates are going up and you ask yourself, why am i paying more to live here? >> that's why, jackie, we are talking so much about the migration between states. people have to understand what your salary is in new york, having the same salary somewhere in the midwest is completely different. your dollar goes a lot less farther in a lot of these metropolitan areas, so the simple answer for many people is to say, i have to leave, and now they do have that opportunity because of the pandemic and people being able to work remotely. now, they can take their jobs

with them, as opposed to having to move because of their job. so that dynamic, as we see it happening right now, is shifting demographics from wages and political views, all around the country. jackie: it absolutely has, and so many friends of mine that i know and even colleagues in this industry have told me that they can work from anywhere now. they don't need to be here, and so there's really no incentive to be here to be putting up with some of the things i just mentioned, have been difficult for me, but secretary janet yellen also saying this. listen. >> we are less prepared than we ought to be for the increasingly frequent tax of climate-related weather events and less equipped to lead the global economic transformation underway. jackie: you know, but it's interesting, guys, because it seems like we're even less prepared for the impact of a cyberattack on our

infrastructure, than we were before what happened with the colonial pipeline. this seems like the administration was completely blindsided by this , even though we've been talking about the potential for it, for so much time. >> yeah, that's to me, jackie? jackie: sure. >> okay, i think part of the bottom line here is that the government particularly at the federal level is doing too many things, so the things that we're expecting from them are things that protect our individual rights and our property rights and keep us safe , like the cyberattacks, you know, and potentially if you want to include climate change in there, they don't get enough attention, because they're spending so much time trying to solve the income inequality and move one dollar from here to the other place so we really need to get back to a point where the government is focused on a couple of things, we get the experts in there, we vote for people, they have done their expertise, not just because they're popular and they say nice things and we have better people focusing on things

where we need solutions and have them stay out of things where they're trying to be stewards of capital, because we know that the free market is going to do that better. jackie: dan, what do you think? >> i think this. government does not create wealth, and if people are going to look toward government to make them rich or make them okay, they are going down the wrong path here. the government is there in my mind, to keep things fair and equal in opportunity. everything after that should be up to you, and i think that's where we're losing our way. look at what's happening right now with how short we are on workers. that's because the government is incentivizing people to stay home. you can't blame people for that. if they could make the same amount of money staying home, why would you go back to work? the answer is is that you don't, so the test of this is happening in realtime. we see it, too much government,

they need to step back and let the economy do what it does. the free market is the way. jackie: wow there's so much demand, for example, for housing right now. we saw the housing starts were down drastically in april because lumber prices are up when there are labor shortages you can't get people to build houses even though in so many parts of the country people, there's tons of demand for it, right? and yet what happens, the prices go up, so take that model, and put it across everything else we consume it sort of creates this scary environment. great to have you both, dan and carol, we'll have you back soon, thank you. growing evidence that iran is helping hamas in the war against israel, and now, we're asking if this is the right time to restore the nuclear deal with iran. more after this.

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us, hi, rich. reporter: good afternoon, jackie , thee democrats are calling on the biden administration to walk away from the negotiations to try to revive that 2015 nuclear agreement and meanwhile secretary of state blinken is in iceland and spoke to reporters earlier today and says that the u.s. is working to try to stop the violence in gaza and israel. >> we are very focused on this diplomacy with the objective of bringing the violence to an end, and as i said, trying to build something positive in its wake. reporter: republicans argue the administration is working against that, while it negotiate s to restore the iran nuclear deal. they say an agreement with iran would boost the iranian regime at the same time that iran is supporting hamas with equipment, weapons and expertise. >> the biden administration's policy of weakness in the middle east have created the conditions for this chaos in the middle

east, by signaling that we want to reenter the nuclear deal with iran, that we want to give them billions of dollars in sanctions relief, that we're going to restrain our allies like israel. reporter: a return to the iran nuclear deal would mean that the united states is lifting a series of significant sanctions on iran, in return, the iranian regime would curb its growing nuclear program. last week, secretary blinken refused to comment on whether iran is involved in the conflict in gaza. he says in iran with a nuclear weapon is likely to act with even greater impunity. opponents say iran's nuclear program is really just a way to try to prompt the west to give up on sanctions. back to you, jackie. jackie: well, thank you so much for that, rich. activist groups are also calling for a full boycott of the beijing olympics over china 's allege ed human rights abuses towards minority groups living in that country. fox news congressional correspondent jacqui heinrich joins us now with the latest on that. good afternoon, jackie. reporter: good afternoon to you

too, jackie. well, house speaker nancy pelosi was added to the speaking panel today, signaling that this is an issue that is gaining attention, demanding action, as more outside groups are calling for this boycott over china's human rights abuses. a coalition representing wegers and residents of hong kong says participating in the beijing olympic games be out to endorsing china's genocide against the weaker people, more than 2 million of which are detained in reeducation camps and they say if u.s. sends american athletes it would legitimize the increasingly re press ever policy of the to tally tinafey your chinese regime and the group also slammed the international olympic committee of putting profit before human lives saying beijing failed to keep human rights promises made before the 2008 summer games and republican congressman urged president biden to work with other nations to hold the 2022 games in a country that values the olympic charter which calls for sport to promote a peaceful society concerned with

the preservation of human dignity, but so far, there has not been much movement. >> china's walking all over with cyberattacks and he's not doing anything about it, china's people are committing genocide and he will still have the olympics go there and american athletes. >> you recognize when it comes to the olympics our efts will be most effective if we act like like-minded partners so we're reviewing options on policy and messaging. reporter: and this hearing will examine the implications of holding the olympic games in china but lawmakers on both sides of the aisle are also hoping that it produces some action here. jackie? jackie: thank you so much for that jacqui heinrich. joining us now, sports agent and dle agency founder, doug eld ridge, representing a number of olympians. first, what are the athletes telling you about going to compete in china? >> you know, jackie, its been such a stop/start process altogether in so many ways a lot are still waiting for the other

shoe to drop as we start the just two months to tokyo, is that going to go through as planned and what should we expect a little over nine months from now as we look ahead to beijing 2022. it's a time of uncertainty that makes it hard to focus. jackie: i can imagine the discipline that these athletes need to compete, and then having these issues, the uncertainty on top of it makes it very very difficult, but it's so interesting because you look at not non-olympic athletes but look at the lebron james of the world who are very outspoken, on a number of issues that are happening here in the united states, and you wonder if some of these athletes that are going to compete, feel that they should speak up, or maybe they don't think it's their place. what am i missing here? >> that's a great question but also a great example that you cited. look at lebron. it was famously 30 year ago that michael jordan when pressed politico weigh in on a local campaign race said why should i? republicans buy shoes too. jackie: right. >> well now we're seeing much of that echoed but in a

different light saying why should i, china not only makes the shoes but their market buys the shoes and everything else america has to offer, and lebron james is a prime example. you go, you know, a year and a half ago, a tweet former gm of the houston rockets just about hong kong independence and within 24 hours, nba games were canceled in china, all nba merchandise was pulled from digital platforms and it cost conservatively the nba $400 million from one single tweet, so there's a level of in consistency insofar as political activity and engagement but being cognizant of their brand it's complex for sure. jackie: that's an excellent point you make and i think back to 2008 when china hosted its first olympics in beijing, and it really was a turning point for them. being on the global stage in that way, hosting the olympics having everybody travel there and i lived in china in 1996 so it was 12 years before and i didn't go to the olympics but

what i was told was that the transformation that happened in beijing was just so phenomenonal for this one event, because they wanted to present themselves to the world, on this global stage, in a certain way, and you think to yourself, you know, dealing with the wege r situation how the population is being treated, hong kong right now, as well, the future pretty uncertain there, and you also think about the impact of the coronavirus pandemic and what's happened and the transparency or lack there of with respect to getting to the bottom of what happens here and you say to yourself do we want to give china this global stage, you know, to showcase itself, is this the time in history to do that? >> well the argument to your point china is as good on the other side of the curtain on a global stage as they are behind it, making background deals case in point. that was absolutely 2008 china's coming out party from the rest of the world from the synchronized drummers the best opening ceremony of all-time without question, to absolutely flawless orchestration of the games to

something as them shooting silver into the clouds to break up the pollution in the months and weeks leading up to the games because beijing as you know has notorious pollution and smog so the application and the illustration was tremendous but now to the other side of the curtain, jackie, behind the stage. china is fantastic at back room negotiations and i don't say that as a slight, case in point. the ioc agreed to buy covid-19 vaccines from china, for all of the tokyo athletes that need it as well as the beijing 2022 athletes so they are not only great at putting on a global display with pomp and circumstance, they are good at rolling up the sleeps making the back room deals that continue to grease the wheel moving forward and also in the same light, you raise a great point. the 2024 olympics in paris and 2028 in los angeles both have human rights decrees and very careful stipulations and contracts they had to agree to. beijing 2022 somehow missed that double dutch jump rope.

they slid right through, so it's greasing the wheel, all of this as you continue to pull on the thread as you said in your lead-in with jacqui heinrich on the hill, when you bring in pelosi and others called to task , the more you pull this thread the more it's going to unravel and with it the pressure is going to mount. hopefully the end losers aren't the athletes themselves. jackie: doug just speaking on a personal level to your point about 2008 and the smog for example. when i lived in beijing and i'd ride around on my bike all day i'd come home and wash my hands and face and black would literally come into the sink but they didn't want you to see that and so it's amazing the way the chinese operate on this stage, almost like it's theatre. thank you so much for your perspective. >> thank you. jackie: coming up, democratic border mayor taking on the biden administration over the massive surge of migrants, we're going to bring you an exclusive look.

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jackie: welcome back to "coast to coast", president biden touring a ford assembly plant in michigan, right now, pushing his buy american plan, grady trimble is at power test, it's a manufacturing plant in sessex, wisconsin, grady, the company is struggling to find new workers, are they? reporter: they sure are, just like a lot of manufacturing and other businesses across the country. this is power test where we are, nick novak is with wisconsin manufacturers and commerce so you represent this company and a whole host of others across the state. tell me about the worker shortage. they said they have 12 open positions that they can't fill here right now. >> well, wisconsin has reached a crisis level when it comes to the workforce shortage because there's simply not enough people to fill all the jobs that we have open and one of the big reasons they are saying is because unemployment benefits that are coming from the federal level are being a disincentive to work. reporter: we've heard that from a lot of businesses.

the president is in michigan today at a ford plant there, and here, he's hoping to push for this infrastructure plan. what do you hear from businesses about how he's going to pay for that plan with higher taxes, corporate, personal income, and otherwise? >> well president biden's tax increases would hamper economic growth across the country. here in wisconsin, that means businesses like the one we're in today have less money to invest in their workforce, in capital, and their local communities, so we should be having conversation s about how to lower the tax burden on those businesses. reporter: it's worth noting, jackie, that businesses like this , when they make equipment that's used to test all sorts of mechanical equipment, that would actually benefit from a traditional infrastructure plan, but they don't see the higher taxes as a way to improve business and that's where they have to draw the line. jackie: grady trimble thank you so much for that. always good to see you. want to get some reaction now from california republican

congresswoman and house small business committee member, young kim. congresswoman you say the president wants to create jobs or that he says that and then he promotes bills that actually would kill jobs and that this is actually happening in your state. walk us through it. >> yes, definitely. the president kept talking about creating jobs, but at the same time he's asking congress to pass legislation like proact. trust me, representing the state of california where i've seen the failed policies of ab-5 it has killed gig economy, it has killed independent workers, it has driven workers and businesses out of my state of california. the last thing that congress should be doing as we try to recover economy is to pass a legislation that will put the brakes on our recovery. it's killing jobs, it's hurting small businesses. so much so that during covid we have lost over 40,000 jobs or businesses closing down and almost half of them have permanently closed. this is a last thing we should

be doing, proact is going to nationalize our sale policies of ab-5 from sacramento and is anti-business, anti anti-worker, about anti-freedom and american. jackie: the biden agenda is part of the problem, congresswoman but also the pandemic of course accelerated some of what we're seeing and part of that has to do with gavin newsom and his management of it as well. there's a reason that in blue states we've seen more businesses close down than in red states, because there was a reluctance to reopen the econom ies in an appropriate way. >> correct. i think the fact that 1.7 million valid signatures to try to, you know, recall governor gavin newsom tells you where the people's mind is. there are people retired and they want to open our economy and we want to get back to work but the biden's policy is going to increase more taxes and increase our federal national

debt. this is the last thing we should be working on and we need to work on opening our businesses, not that the mask mandate is coming off, i hope the state of california will follow the cdc guidelines and safely get us back, getting back economy and open everything up, following those cdc guidelines in a safe way. jackie: when we talk about the exodus from blue states to red states during the pandemic of course california is one that always comes up but congresswoman, stay with us, if you will, because i want to talk about the migrant surge for just one moment. the democratic mayor in del rio, texas, bashing the biden administration over its immigration policies after a 400 % increase in migrant crossings this year. alex hogan is with us live in texas with an exclusive look at this. good afternoon to you, alex. reporter: good afternoon, and just the last two months, state troopers and the texas department of public safety have helped respond to more than 1,000 aerial agency assists and we have the chance to join them, to see what they're seeing every

single day. they are seeing an increased number of calls and we got to look to see how busy it really is. most of those calls are referring to need in terms of customs and border protection, along the border. del rio is the second-busiest sector along the border and the rio grande valley is even busier. >> pilots just got word of people who are trying to runaway from law enforcement so we responded these coordinates and now the search begins, one person looking to see what they can, the other surveying through cameras to see if they can find someone and relay that information back to again the texas department of safety, customs and border protection and the state troopers also here in the area. reporter: later on, our pilots spotted smugglers, their white van initially hidden by trees the group loaded big bundles of drugs on to the vehicle to take across the water, there from mexico into the u.s.. while seeing our helicopter,

they quickly reloaded the van, speeding away, and that is again just an example of one of the many things that they see here every single day. another issue they are seeing is stash houses and it's a very well-orchestrated system of bringing people and narcotics across the border and keeping them one area before moving it to the next, of course these helicopters just one key in the puzzle of how they are trying to crackdown on this increase of what they have been seeing in recent months. back to you. jackie: really interesting perspective, alex hogan thank you so much for that. i want to go back to congresswoman on this , because you visited the border last week , along with other gop members that have gone down there since the crisis began, and you're urging the president, you're urging the vice president , to go there and see the crisis first-hand, and yet, they keep coming up with excuses of why they aren't going they want to address the root causes. covid is the problem. they need to wait, you know, so your thoughts on why they haven't done this.

>> they are denying and ignoring that there is a crisis at the border. i really urge them to go down there, because their failed policies of giving false hope to these migrants to come on over, because we're going to accept all of you, this is sending a mixed signal and wrong signal. we have to recognize the fact that we do have a crisis at the border, it is undermining legal immigration, and it is draining the resources of our border patrol agents and so we need to make sure that we work on securing the border, and recognize the crisis at hand and let's not, you know, let's really work on fixing the immigration system that previous congress have failed. this is inhumane and we need to make sure that we reinstate the policies that have worked in previous administration and make sure that the migrants stay in mexico to process the migrant asylum cases so that they can come here legally.

and we welcome legal immigration jackie: we do welcome legal immigration. that's a first point to make, and the previous administration just said, you know, you have to do it legally and you have to stay-at-home while your case is pending. but the experts that i've spoken to, many of them, have pointed to the sort of denying of the crisis, the inability or unwillingness to act on behalf of president biden, and kamala harris, vice president, whose in charge of this by the way. essentially, as , you know, purposeful, the longer they ignore it, the more it becomes status quo, and everybody has to get used to the policies that they are implementing here. >> i totally agree with you. we can't fix the problem unless we recognize that there is a problem. jackie: absolutely. great to see you thank you so much for your time today, congresswoman. >> thank you. jackie: all right, tesla and elon musk are hitting a little bit of a roadblock today. reports that tesla has over 10,000 electric cars from the

freemont, california factory on a containment hold, that can't be delivered to customers. this is coming as elon musk is seeing his net worth sinking ceo losing his spot as the second richest person in the world. jeff bezos is back on top, we'll be back after the break. >> ♪ ♪ ♪ ♪ that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty. and twice as fast. if i could, i'd ten-x everything.

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alls, you know that but at the expense of being a know it all i don't think elon musk is the second richest man in the world, just so you know. i think it's the guy, the dude from lvmh, bernard arnold, just to be clear, you know, there are a few billion here and a few billion there and it makes you the richest or the second richest but i think it's at this point, it's bezos, arnold, and elon musk and then you, jackie. jackie: oh, well, yeah, i wish. charlie: [laughter] cavuto is in there somewhere too i hear. [laughter] listen when you get a big deal like this , the discovery/at&t spin-off deal an amazing deal from so many different levels including the fact that it reverses three years worth of work at at&t, and, you know, where they were going to be this sort of conglomerate that gave you both content and distribution, that this unwinds that, that's a big story but also, we're going to get some degree of consolidation, bankers are saying now, after this deal, and i think it'll be interesting how the consolidation works.

lots of talk right now about a tie-up between comcast and cbs, viacom cbs. we should point out first that the biden administration, from what i hear from my sources close, is giving their task of approval to this deal, this combination of discovery and at&t's media assets which is hbo and cnn, essentially because it basically agreed with a lot of the trump adminitration 's opposition to it , that even though it was a vertical merger meaning two separate types of companies, content gave it the ability to raise prices, the biden administration anti-trust people don't like it, the trump adminitration people didn't like it, so they kind of like the fact that it's being spun off into a content-only entity, but here is what's going to get interesting. if you do see some sort of deal between comcast and c cbs viacom which a lot of bankers are talking could be the next one, i mean, how does that work exactly it maybe a carbon copy of this deal, because remember, comcast does have cable

distribution, and then you're creating the at&t conglomerate even on steroids because you're at even more content to that, so you may see nbc, at least what bankers are saying, spin-off the stuff, the chondroitin content that means nbc, universal from comcast, and cnbc where we used to work, and into a separate entity that combines it with the cbs viacom stuff and that's less of a problem from an anti-trust standpoint but anything that involves anti-trust right now is going to be a little bit of a problem, jackie and the reason why is because the biden administration just doesn't have a person as the u.s. attorney assistant u.s. attorney for anti-trust right now, and the position, he's the gentleman that did it for trump, is currently unfilled, so anything that has a certain anti-trust smell to it is probably going to be delayed but this is what the people are talking about again another deal out there, people are talking about is amazon buying mgm, a much

smaller deal, let's face it that's a studio run by mark bern ette, the reality show, and again, much smaller and we're talking about two or $3 billion deal, i don't think that is we're talking anti-trust in anyway there but if you did merge cbs viacom with comcast, in its current state, that would get , that would get a review and i don't know if that one would pass. i think they would have to do something going on right here, with discovery and at&t. jackie back to you. jackie: wow that is like, that be really interesting when it comes to comcast specifically it's always touting the power of the nbc brand, and so the interesting, i guess, it would all depend on price, right charlie: well yeah, it would depend on price and here is what i think is going on and by the way i've seen these cycles for years because investment bankers come up with these things. they build up these companies and take them apart. the theory of building them up is one stop shop and you have distribution and content, that's great, everybody loves it. the thing now people are saying is oh, no, you can merge distribution and content, guess

what, because we can't find managers that the can do both. that's essentially what john mal one said in critiquing the at&t deal, just the management skillset of creating content and hollywood just does not mesh with the widget, the sort of guys that want to build-out 5g networks. it's different, and maybe that's what we're seeing now so you'll see a disintermediation of these deals like comcast spinning off nbc. that's what bankers are talking about but again, this is why these bankers by the way it's why the bankers make so much money, they build them up and take them apart and make a fee both ways. jackie: and then they are el t ing the managers at each entity skate in your lane and do what you're good alt. sounds like a good deal for everyone. charlie gasparino thank you so much always good to see you. mask wearers the cdc states cities not on the same page when it comes to masks and that's got some businesses and some workers stuck in the middle too. a lot of mounting frustration, coming up ahead. >> ♪ ♪ ♪ ♪

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jackie: trader joe's, walmart, other chains now saying that they want to drop the masks, but in los angeles county, businesses are being warned not to drop the masks, just yet. new jersey governor phil murphy also standing firm on new jersey 's mask mandate, so it looks like workers at these stores are going to be the ones that have to police this. back now our new jersey resident and america's accountant dan geltrude and small business expert carol roth. dan i'll go ahead and start with you because i was talking to a small business owner in new york yesterday saying are you going to ditch the masks inside and he was saying i want to, nobody really wants to wear them but you get those customers that might freak out because nobody is wearing their mask and so it becomes this push and pull. the second issue is, you know, if we're on our honor system here, regarding vaccinations i don't really trust anybody with respect to that, right? >> well, there's two issues here. one is we're following the science. well, is cdc the science?

i thought they were. they've issued their opinion. shouldn't everyone follow it? apparently, there are some states that think they know better. if you look at new jersey, for example, as far as i see , anyone who wants a vaccine can get one. there's no lines, i see it in my very own town, you can get the vaccine anytime you want , so if the vaccine works, because that's the science, why do we need to have masks? people now can gauge their own risk, because you don't have to get the vaccine if you don't want. people make that decision and 100% of the people are not going to get it, then we have to live with it. jackie: okay, and carol, you've got the president saying that the vaccine is very effective, and that he agrees with the cdc guidance regarding masks, yet, when he is outside, he still wears a mask. [laughter] i mean, go figure. >> yeah, i mean, this is all

running interference for politicians who want to hold on to their power, and enough is enough. i mean, for small businesses they've been shutdown by government mandate, they are competing with the government for workers they are just trying to stay alive, and now you want us to run interference for politicians and police customer behavior? at the end of the day most of the customers don't want to wear them, that's why they got the vaccine to begin with, so if you do want to wear one you have your own special situation, you should be entitled to do that but we need to go back to those individual rights. the entire world cannot conform to everybody's special situation , that's on you to take care of, so we have to go with taking back our freedom, which includes our economic freedom and let people make the decisions that are right for them. jackie: carol you bring up an interesting point because it depends on where you live with respect to if people want to wear the masks or not, because here in new york city, where i was having the conversation with the small business owner, you

have vaccinated people double masking outside still, so to his point, there were customers coming in that really feel you should still be wearing a mask that he is afraid of alienating in his business, you know, if he follows the cdc guidance, and so maybe dan, you can speak to that , being from new jersey. are people still being that strict, even though they are vaccinated? >> as far as i see , in the stores, and indoors, people are absolutely wearing their masks, still, and there's nothing wrong with that. look, people, as carol just said , people should make their own choice at this point, if you want to wear a mask because you feel safe and that's what you want to do then by all means, but again, why should we have to have the mask police out in all these businesses pointing people out? it's time to open up, if you want a vaccine get it, if you don't, then just wear a mask. that's the options.

jackie: if only it was that simple, guys. good to see you as always. dan and carol, thank you. meantime, colonial pipeline shippers are reporting that the pipelines communication system is down, colonial saying that there are some intermittent disruptions but that the issue is not related to the ransomware or any type of reinfection. >> ♪ ♪ ♪ ♪ . .

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jackie: taking a quick check of the market, the dow, s&p 500 looking at the seconddown day in a row. the dow down 6, s&p down five. nasdaq is up 50. hand it over to my friend charles payne. i debt get the dow in worse shape than this. i am giving it to you better than i got it. hold the street for me. charles: we'll look for the cp effect, my friend. good afternoon, i'm charles payne, this is "making money." the bulls are back. fund managers are bullish on market and overweight technologies according to one survey. i will talk to some very smart folks, should you down them. i pounded table for brick-and-mortar retailers last year, you remember. they