tv Cavuto Coast to Coast FOX Business November 5, 2021 12:00pm-2:00pm EDT
12:00 pm
million people in the united states. >> i'm going high, i'll say 276. stuart: i would also go with 301 million because there's a lot of cars -- >> 276. we got it wrong. did you get it right in. >> no, that was my strategy, i chose what you didn't choose. [laughter] stuart: 276 million is the correct answer. thanks, susan, thanks, ashley. see you next week. neil, it's yours. neil: seems the more discord in washington, the more the buying at the corner of wall and broad. all the major market averages buoyed by that really strong jobs report and some very good news on the covid front. a pill to deal with covid. i'm very, very serious. and this one showing potentially a lot more promise and notoriety than merck's pill. we're going to be talking to the ceo of pfizer on the significance of this statement.
12:01 pm
the stock is racing ahead right now on the belief that this is a game-changer. as one former fda official put it, this just might mean the end of covid as we know it. those are high expectations. we'll get into all of that with him shortly. in the meantime the, getting into the latest on the battle over, well, different spending plans in washington. chad pergram on where we stand now. chad, i think they want to get all of this done by the end of today. that seems like a big leap. what's the latest? >> reporter: it's hard to say. house speaker nancy pelosi has huddled with individual members. she does not have the votes yet. democrats updated the text of their big bill at a contentious witching hour meeting of the house rules committee. >> so i just, so nobody will tell me. literally, they won't deme how much this bill spends -- tell me how much this bill spends. >> under $2 trillion. >> under 2 trillion. thank you.
12:02 pm
it wasn't that hard. [laughter] >> reporter: a lot of moderate democrats still aren't pleased that the bill lacks a final price tag from the congressional budge office. the gop is banking on democrats struggling to pass the bill. >> -- very long day. and my fear it's back to what speaker pelosi said in the past, you have to pass the bill to know what's in it. and that's why everybody we need to call the democratic members to tell them to slow this down. >> reporter: a new provision in the bill is the restoration of the state and local tax deduction. taxpayers from high-tax statements could deduct up to $80,000 in taxes. the overall tax break would cost about $225 billion. democrats like tom suozzi of new york are pleased, others are not. >>s.a.l.t -- [laughter] but as i said to my colleagues, you know, many of them in the progressive caucus that we're not taking a position against
12:03 pm
suspect a.l.t. as a caucus. >> reporter: regardless, whatever the house eventually approved it faces changes in the senate. house members likely have to accept whatever the senate sends back. neil? neil: chad, i'm curious, the cbo scoring issue, do you know of a significant number of moderate democrats who will hold off voting on anything until they get that score? because that would put the kibosh on the whole thing at least for a while. >> reporter: it appears it's more than three democrats, probably at least five or six, although yesterday it seemed like they got a couple of those democrats satisfied with numbers from the treasury department. but to show you just how contentious this is right now, the house came in at 8:00 this morning. they began a vote on a motion to adjourn at 8:13 this morning, this was a deletory tactic by republicans to slow down the process. they are still on that vote. that vote has been open since 8:13 if this morning.
12:04 pm
it has broken the record for the length of a roll call vote in the house of representatives. the old record was 2 hours and 55 minutes, i was here. a vote that started about 3:00 in the morning in no of -- in november of 2003 on adding prescription drugs to medicare back in 2003. neil: one other quick question then. what is the possibility of going ahead ask and voting on the infrastructure-only package? i know that the goal was to vote on the bigger spending package. what is the likelihood? we all kind of agree on this one, let's proceed. >> reporter: right now those bills continue to be married at the hip. they have to kind of go together. we've not heard anybody discuss that scenario. they could always try to pry that loose. and if you're waiting for a final evaluation from the cbo and the cost of this bill, you probably don't get that until the end of next week or maybe the middle of the month. they are a long ways off from getting the final, definitive
12:05 pm
score. neil: all right. chad pergram, thank you very much. in the middle of this, we have the backdrop of a stunningly strong jobs report for the month of october. they were expecting some good numbers, i don't think they expected anything like this, an across the board reminder especially with some revisions in prior months that the bemoaning of the u.s. jobs economy might have been a bit premature. let's go to the edward lawrence at the white house with more. hey, edward. >> reporter: the administration touting the success now of that jobs report. you saw on your screen, 531,000 jobs added back. the last time the employment rate was 4.6% or less was march of 2020, but one number brushed over was average hourly wages. yes, wages are up 4.9% year-over-year, and that's what the federal reserve wants to see, but they're not outpacing cpi inflation at 5.4% year-over-year. president biden insinuating
12:06 pm
inflation is a good problem because it shows growth. >> not only are more americans working, working americans are seeing their paychecks go up. weekly pay went up in october and average hourly earnings up almost 5% this year. that's more than some of the lowest -- that's more than some of the lowest paid workers in our country, men and women, who work in restaurants, hotels, entertainment have seen their pay go up 12% this year. >> reporter: so what the president left out of that address is what he told americans this week, that wages are rising fast ther than inflation, simply not true. this jobs report shows that people might have more money, but the stuff they want to buy costs even more. so now where are the jobs in this? leisure and hospitality, still down 1.4 million there if ten of 2020, that's the benchmark month. transportation, 104,000 jobs.
12:07 pm
construction adding 34,000 jobs. the labor secretary calling this a success. >> i think we're building confidence in people's ability to feel that we're moving forward. if you look at the report, and i've been on here now for about seven months, when we saw the spike, we saw more people getting out of the work force. as we see these numbers go down and hopefully they continue to trend down, we're seeing more people go to the job site. >> reporter: the labor force participation rate has been flat over the past two months, and that is a number the federal reserve would like to see inch up. back to you, neil. neil: thank you very much. let's go to my buddy, gary kaltbaum. so much i want to get into, but first off, you could look at this jobs report and say, man, we don't need any stimulus for this economy. we don't need a whole lot more spending on this chi. maybe the infrastructure-only package is about the the most that you would. but that's not the thinking on the hill right now. >> not only the hill, but we don't these any more hundred printing, we don't need 0%
12:08 pm
interest rate. these people that don't have trust ask belief in the economy -- and belief in the economy and business and people and have more trust in government need to change their ways or else. you're seeing it in the inflation numbers. and, yes, we're getting back and that's what, you know, makes inflation go higher. but all this easy is doing the trick -- easing, and if they don't get out of the way, by the way, this 5% number on inflation? it's higher than that. just look at the oil prices which is into everything, and that is going to be sticky. and, you know, when i google the word what products use petroleum, oh, there's just thousands and thousands and thousands. and they're all going to go up in price. so the producers are going to put it up there, and then people are going to pay more, and it'll feed on itself. they better get their act together and let the economy be itself again or i think we're going to get some more distorted numbers. but the great news is we're
12:09 pm
opening up. these pills to fight the virus, fantastic. what a great job by a suite of medical companies, and let's hope that continues. neil: yeah. we'll be talking to the pfizer ceo in just a few minutes, but you're quite right, that is the game-changer. no doubt about it. i want to switch to the federal reserve chairman, gary, not only because how he would respond to this increasingly good news on the jobs front -- i.e., potentially inflationary front -- but whether he will even have the chance to. we still haven't gotten word out of the white house if he's going to be reappointed. no less than the washington poser today editorializing going, come on, let's get this done. go ahead and reappoint powell. what if he's not? >> i think negative near term, but i think in the waiting are easier money people, and if there's anything politicians love, it's easier money to spur on economic growth so you can walk out onto the bully pulpit and say, hey, look how the
12:10 pm
economy's doing even though it's based on what is unimaginable, astronomical amounts of money floating around not only here, but around the globe. i'm 100% certain they're keeping him. how do i know? just look at a chart of the dow and the s&p since the low of the pandemic and he started with his $125 billion a month. i believe the politicians will act based on the markets. that's where the wealth effect is. so my 100% bet is on him, so i'm not so worried about the next person. neil: what do you make of what the market's been doing of late? it seems one or several averages on a daily basis hits a record. and that frenetic pace has picked up considerably. is it justified? >> right now, look, i believe all price that's going on now is justified, and we have some things in the market, new highs beget new highs. it forces more money off of the
12:11 pm
sidelines. greed feeds on to the greeted, and the most important part of the equation, let's talk today airlines, cruise lines, hotels, anything travel-related has gapped up in a very big way. heavy volume by the institutional crowd knowing that this is probably the next leg of travel to get better based off the virus heading south in a big way and now more medical breakthroughs to combat it. and that's just another area of the market that has been somewhat comatose helping out. and may i add also, a lot of economically sensitive names too, things like united rentals which is basically everywhere in construction, martin marietta materials, things like that. so game on. and i would not be surprised by end of second quarter the 40-45,000 on the dow, nasdaq probably up another 15,20% as greed feeds into greed. neil: yeah, that's about a 10%
12:12 pm
climb from where we are. thank you, my friend. we'll be talking to you later in the show. let's go to pennsylvania congressman mike kelly right now. he sits on the house ways and means committee, very, very influential figure there. not a big fan of some of these spending initiatives democrats are trying to get some organization on. congressman, always good to see you. it doesn't look like they're making much progress. i'm just wondering, are you hearing from your democratic colleagues whether they'll even get a vote today on either? >> you know what? we keep asking but, neil, we're not going to get an answer on that. and i would just like to stress this. when i go back home, people tell me you guys need to work on these things and get them figured out. look, we're not at the table, we're not in the conversation, we're not in the room, we're not in the building, we're not even in the town. so for my fellow americans that need to have faith and trust and confidence in our form of government, they're looking at this and saying how disfunctional is this government, and why can't you
12:13 pm
work together, and can't you take a look at what real americans face every cay? inflation that's running off the charts, shortages of products we can no longer even inventory. and you look at that, and the shame of this all is how badly do americans have to feel about the way we govern before we take a look that we need to fix this and six the it now? you could never run a retail business like i've been in all my life the way this government does. clocks and calendars do not matter unless you're forcing something on the american people, then it becomes an issue. neil: let me ask you about the two measures up for grabs. it does seem unlikely today, but one measure that had bipartisan support was the roughly $1 trillion -- half that if you repurpose covid funds -- infrastructure-only package. do you think there are a number of your republican colleagues in the house who would vote for that, just that? >> sure.
12:14 pm
so when you throw in that, and if we really talk about what we think of as actual infrastructure whether it's roads ask and rivers, railways, runways, looking at all those things that are essential with everyday life, redoing so many things that have aged way beyond their purpose, i think there's a general agreement that, yes, we have to do this. but then when you find out, well, no, no, we can't uncouple these, they have to be joined at the hip, we have to have the social spending piece if we're going to do the real work on infrastructure, it's very discouraging because -- good lord, the people that you grew up with, the people i grew up and the people that raised us would always tell us, look, you can only spend a dollar once, spend it the right way. don't waste it. i've been here for ten years, and i can't begin to hajj whoever came up with this -- imagine whoever came up with this economic model and said the more debt we incur, the healthier our economy is going to be. and, neil, look, inflation's one thing. we are printing money at record
12:15 pm
paces. so we've diluted the value of our money. i don't know, products have been rising in cost because our money has been devalued. so many of these things, they just don't come together -- neil: yeah. needs to be fair, congressman? i'm not blaming you for it, but it's been devalued -- >> oh, absolutely. neil: it's gotten to that point. but i am going to ask you, would you vote for this infrastructure-only package if it came up and it was ready for a vote and they're still delayed getting the other thing done, if they a ever? would you vote for that? >> if it's uncoupled and we're talking about true infrastructure, that's a serious discussion, and that's a serious decision, and i would say, yes. we are years behind fixing what needs to be fixed long ago. it's past time to do the a lot of this. but, neil, you can't get that here anymore. you cannot get pure bills that really address the problems that we face economically. we add all this other stuff in.
12:16 pm
you know the true debt for the american people unfunded and unfunded liabilities is in excess of $130 trillion. so we talk about our debt's going to reach $0 if trillion? i wish -- 30 trillion? i wish that our true spend was going to be 30 trillion and we could work down on that, but it's not. it's so much greater and so disingenuous to the hearn people to tell them things are going to get better and it's not going to cost you anything. in my whole life i've never been able to buy anything that's expensive and people say, don't worry, it's paid for. it's paid for by taxes. neil: congressman, good seeing you. big, big game-changer on the covid front today. a pill that cuts hospitalizations and deaths by close to 90%. the ceo of pfizer on what this could mean and how soon it could mean it. ♪ what is love? ♪ baby, don't hurt me, don't
12:17 pm
hurt me no more. ♪ what is love? ♪♪ it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated it's network management redefined. every day in business is a big day.
12:19 pm
at t-mobile for business, unconventional thinking means we see things differently, so you can focus on what matters most. whether it's ensuring food arrives as fresh as when it departs... being first on the scene when every second counts... or teaching biology without a lab. we are the leader in 5g and a partner who delivers exceptional customer support and 5g included in every plan. so, you get it all, without trade-offs. unconventional thinking, it's better for business. as a dj, i know all about customization. that's why i love liberty mutual. they customize my car insurance, so i only pay for what i need. how about a throwback? ♪ liberty, liberty, liberty, liberty ♪ only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪
12:20 pm
joint pain, swelling, tenderness. my psoriasis. cosentyx® works on all of this. cosentyx can help you look and feel better by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting, get checked for tuberculosis. an increased risk of infections—some serious— and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms, or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms develop or worsen. serious allergic reactions may occur. watch me! get real relief with cosentyx. ♪
12:21 pm
♪ neil: all right, the game-changer is probably understatement, phaser's stock had been up as much as 12% earlier oranges news that it's come up -- on. news that it's come up with a pill that cuts hospitalization rates by 89%. merck had emergency use approval for if a pill that essentially did about half of that. in other words, reduce hospitalizations by about 50%. still the impressive, but this changes the dynamics, and taken together with what merck is doing, a whole new wave of treatment for covid. let's get more on that from gerri willis. >> reporter: neil, that's right, it is breakthrough. this new study results of an experimental pill showing it cuts the risk of hospitalization or even dying by 89% among people with mild to moderate covid providing they took that pill within three days of diagnosis. the president weighing in on the breakthrough just moments ago.
12:22 pm
listen. >> pill developed by pfizer that hay dramatically reduce the risk of being hospitalized or dying when taken shortly after infection. if you're infected. if authorized by the fda, we may soon have pills that may treat the virus for those who become infected. we have already secured millions of doses, and the therapy would be another tool in our toolbox to recollect if people from the the -- to protect people from the worst outcomes of covid. >> reporter: high expectations for this drug. it was also found to be generally safe is, well tolerated and active against variants like delta. the drug is what they call a protease inhibitor, and it blocks activity the, a key enzyme that the virus needs to replicate and grow. it could be taken at home as symptoms develop similar to the merck ill announced a month ago which was just 50% effective. as you say, pfizer's 89%. while pfizer and others have
12:23 pm
successfully launched vaccines to prevent the drees, provide -- the disease, finding treatments has taken more time. testing the people in low risk of developing the disease including vaccinated people. the cleared for use, pfizer said it would price the drug in a tiered system in which low and middle income countries would pay less than wealthier ones. and pfizer's stock soaring here, up 8% in light of this announcement. neil? neil: gerri, thank you very much. just amazing. gerri willis. of course, we will be talking to the pfizer ceo about all of this, albert bourla. one fascinating footnote of the significance of today's announcement is it could be taken at home after the first sign obviously covid. so just -- of covid. even after you've come down with it, like, you know, a double bang there for the buck that this will cut it off at the earliest impasse and is even in the case of having it, dealing with it.
12:24 pm
so it's such a big deal many that regard that that's why so many are saying that this could be the first if steps toward eradicating covid all across the globe. we're on that and so much more after this. ♪ if finally it happened to me. ♪ right in front of my face, i just can't describe it. ♪ finally it's happened to me. ♪ right in front of my face, and i just cannot hide it ♪♪ always put clients first. (other money manager) so you do it because you have to? (naj) no, we do it because it's the right thing to do. we help clients enjoy a comfortable retirement. (other money manager) sounds like a big responsibility. (naj) one that we don't take lightly. it's why our fees are structured so we do better when our clients do better. fisher investments is clearly different.
12:25 pm
12:27 pm
i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. hi, my name is cherrie. i'm 76 and i live on the oregon coast. whose resumes on indeed match your job criteria. my husband, sam, we've been married 53 years. we love to walk on the beach. i have two daughters and then two granddaughters. i noticed that memories were not there like they were when i was much younger. since taking prevagen, my memory has gotten better and it's like the puzzle pieces have all been [click] put together. prevagen. healthier brain. better life.
12:28 pm
>> why won't you fight for me? >> joe manchin, is it worth it? is the money worth it? is the money not important, joe manchin? is it more important than my life, joe manchin? is it more important than your kids' life? [inaudible conversations] >> joe manchin, is the money better than our lives? can you look me in hi eyes as i talk to you?
12:29 pm
do you only talk to millionaires? >> open the gate! neil: that's pretty scary stuff. joe manchin being chased in a washington, d.c. parking garage. he was trying to leave, you know, looking for security, where the heck they were. eventually, they did show up. that was endangering a senator here. we've been seeing more of these types of events. joe manchin was accosted on his houseboat with people who were saying he should be more supportive soft is -- of some of the wig spend ising efforts on so-called human infrastructure plan. the senator, as you know, has been among those who have been urging that they watch the dollars and cents here and that he wants to see an official score on this courtesy of the congressional budget office. we can have our dumps, i guess, but sometimes this takes us to the next and, i think, scary level. jessica tarlov is here, never known her to chase anyone in a parking garage or a water boat,
12:30 pm
but you never know. jess, good to see you again. >> nice to see you, neil. neil: so what did you make of this? do you think they hurt their message when they behave like this? >> well, those particular protesters were part of the sunrise movement which is a climate change organization, and they're quite famous, actually, for accosting legislators. they were doing that before the 2016 election, before the midterms this 2018, 020, so i'm not altogether surprised or by the fact that they're treated as kind of fringe players in all of this. i think these stories just don't appeal to anyone whether you think that joe manchin should be supporting a $3.5 trillion bill or that, you know, kyrsten sinema should be doing that. she has a right to pee by herself, and he has a right to drive his car in and out of a parking lot even it's a maserati, which i know was aggravating them. it's an incredibly nice car.
12:31 pm
the sunrise folks, yeah, way to the left there. in general, i don't think these stories help anyone no heart what side you are of an issue -- no matter what side you are of an issue. neil: do you think regular, ordinary democrats should speak out about that sort of thing? we have our differences, but we don't take them to that extreme? whether it's following senator sinema into a bathroom and harassing her, that there is a level at which you stop acting like an ass. [laughter] >> yes. i think that everyone should do that. and i remember, for instance, when sarah huckabee sanders was harassed at a restaurant in virginia with her family, there were a number of democrats who spoke out and said this isn't the way to do it. you're not going to effect wait change this way -- effectuate change, and it doesn't endear the person you're attacking to your agenda. so i do think this is one of those civility points that we can just start agreeing on more or less so we can get to the policy part of things.
12:32 pm
you get a lot further. joe manchin's not going to be in any mood to talk to you about your climate change force or whatever it's the called after you headache it unsafe for him to drive in and out of his garage. neil: you know, i'm just curious what you make on the battle right now to get these two measures vote on today. you know, it seems unlikely to many, but you know this stuff tar better than i. -- far better than iment. i am wondering if they're rushing it after the fact. the point was to try to get something done before tuesday's election. it's too late for that, so now they're rushing to make up the difference, i guess. is it really going to make a big difference whether it's the done this week or next week or even a month from now? >> i'm not sure a month, i think that's the story about it, it kind of weighs on people and they don't want to read about it every single day especially since there was that frightening
12:33 pm
poll that showed only 20% of americans knew what was in the bill to begin with which is always dangerous when you're dealing with these high price tags and something democrats definitely need to communicate better on which i think is the theme of the week. talk cheerily to people and tell them -- clearly to people, don't let someone else define your policies for you. the structure bill is hugely popular. you have republican support, that one seems like just get it done and as if it through -- neil: but they're not doing that. that would seem to be a slam dunk, you're right. you have the bipartisan support. you might pick up a few republicans in the house. to easy one. >> -- do the easy one. >> 100%. it's not every day that mitch mcconnell gives you the go ahead, so just take it when you can, when you've got it. and the fact that there are now about 7 or 8 democratic9 moderates pushing back until we have a cbo score is obviously a red nag up the pole for nancy -- flag up the pole for nancy
12:34 pm
pelosi. they've expressed concerns that we don't have a score yet with. the election happened, there are real lessons to learn from that that are not going to be solved by pushing through this bill. i there's a ton of good enough is in that bill, but when you look at the key issues that matter to hurricane if there's a lot of -- to america, it's just going to be alled apart, decimated even maybe by joe manchin and kyrsten sinema in the senate in the first place. spend a little more time jockeying, have some more conversations, make sure you have those moderates on your side. they matter hugely especially going into the midterm elections, and we don't have the numbers for any defections even if we did have a pretty decent night on the congressional level on tuesday. neil: everyone should be viewing this calmly and humanely, and we'll get past all of this. what's that line, disagree but you don't have to be
12:35 pm
disagreeable. jessica tarlov are, great see iing you again. be well. >> you too, neil. neil: thanks, jess. i want to go to jacqui heinrich at the white house, the back and forth on what the president knew, when he knew it, if he was aware of the payment that supposedly is being made or orchestrated right now to those whose families were split up at the border. where does this whole thing stand right now? >> reporter: well, neil, we're still trying to get ahold of the timeline of what the president knew when he made those statements, as you mentioned, and as you can see the white house has come out and made some other contradictory statements right after. the so the president denied that the white house was considering paying these migrant families hundreds of thousands of dollars if they were separated under the former president. biden called those reports that were first from the "wall street journal" garbage and said that they were not true. but then the aclu was the first to call out the president saying president biden may not have been fully briefed about the
12:36 pm
action of his very own justice department and the carefully deliberated and considered -- submitted against thousands of families separated from their children as an intentional governmental policy. they also urged biden to, quote, right the wrongs of this national tragedy. republicans are trying to block this effort with legislation. listen. >> it just goes to show to the earlier question, many times president biden tell us one thing -- tells us one thing that doesn't seem to be truthful with his administration taking action for if another. the only thing that will happen if that is the case, it'll give greater incentive to more people coming across here illegally, it'll give a greater incentive to hearns to question what is g to americans to question what is going on in this administration. >> reporter: the aclu is representing some of the 5500 or so families they say were separated at the border. 940 families have filed claims
12:37 pm
so far according to "the wall street journal." the potential payout could be upward of a billion dollars in total, but the white house says this settlement is actually cost saving. >> if it saves taxpayer dollars and puts the disastrous history of the previous administration's use of tolerance and family separation behind us, the president is perfectly comfortable with the d. of justice settling -- department of justice settling with individuals and families who are currently in litigation with the u.s. government. >> reporter: if he's not okay with $450,000, how much money is he okay giving -- >> this is something, again, peter, this is something that the department of justice is going to handle. >> reporter: department of justice would not comment on the settlement, but one source who would though said the $450,000 figure is too high and inaccurate, but they did not deny that settlements were being made saying that negotiations between the aclu and doj have been ongoing for weeks. it is unclear right now if any settlements had been signed, but
12:38 pm
according to the "wall street journal," the average demand per a family is roughly $3.4 million, neil. neil: 3.4 million? okay. that's a little bit more than the $450,000. totally confusing here. thank you for spelling that out. man, oh, man. jacqui heinrich at the white house, great job as always. we're getting an interesting tidbit concerning a meeting yesterday at the white house with the president. he apparently spoke with federal reserve chairman jerome powell, also fed governor lyle bray demand. she's the -- braynard. she's the federal reserve governor that's led a lot of suspicions to build that maybe the president is oized to reappoint jerome powell as the chairman and the fed governor, lyle braynard, as maybe the vice chair on the fed, sort of a bone to throw to progressives because she, i would say, much more to the left of jerome powell. but a way to keep them onboard and support jerome. powell's renomination as the
12:39 pm
head of the federal reserve and that she could be sort of waiting in ohs if, so to speak. again, there's no way you could make that leap here, but it is curious that the president met with both of them yesterday. we have no follow-up today. stay with us. ♪ that don't impress me much. ♪ so you got the moves, but have you got the touch? ♪ now, don't get me wrong, yeah, i think you're all right -- ♪ but that won't keep me warm in the middle of the night. ♪ that don't impress me much ♪♪
12:40 pm
(vo) the more we do with our phones, the more network quality and reliability matter. and only verizon has been the most awarded for network quality 27 times in a row. that means the best experience with calls, texts and data usage of any major carrier, according to customers. there's only one best network. the only one ranked #1 in reliability 16 times in a row. we are building 5g right. growing up in a little red house, on the edge of a forest in norway, there were three things my family encouraged: kindness, honesty and hard work.
12:41 pm
over time, i've come to add a fourth: be curious. be curious about the world around us, and then go. go with an open heart, and you will find inspiration anew. viking. exploring the world in comfort. hi i'm joe montana. when you get to be 65, you have little patience for nonsense and inefficiency. you know what works and you become a pro at pretty much everything.
12:42 pm
that's why when i qualified for medicare, i went with wellcare. with no cost or low monthly premium plans, and no primary care or prescription copays. they're pros at helping you keep more money in your pocket. other benefits include: an over-the-counter allowance for items like toothpaste, cold remedies, and mouthwash. a flex card to pay for extra dental, vision, and hearing expenses. even giveback plans that send money directly to your social security check. wellcare gets it. they get rid of all the hassles and give us the great benefits that we want. ♪ ♪ don't wait! be like joe the pro and make the right call. dial the number on your screen now to request a free wellcare guide today. wellcare. it's medicare done well. this is wealth. ♪ ♪ this is worth. that takes wealth.
12:43 pm
but this is worth. and that - that's actually worth more than you think. don't open that. wealth is important, and we can help you build it. but it's what you do with it, that makes life worth living. principal. for all it's worth. ♪ neil: all right. curious developments at the white house late yesterday, we got word that the president met with jerome powell and also lael brainard, the fed governor, and that got tongues wagging thinking maybe the president is planning to renominate jerome powell but keep progressives
12:44 pm
happy with that nomination of putting the left-leaning lael brainard in the vice chair spot. that is the conjecture you're hearing with this meeting, whether this sets the stage for an imminent announcement, anyone's guess. let's go to gary kaltbaum on the significance of this. seems to be paving the way for something like that, but that's any impression, gary. what's yours? >> and, look, the reason why it's so much more significant now is because of how much the fed has injected themselves into the economy and, more importantly, in the market. the fed if is the whole bond market. they have print so much money and bought trillions of dollars of assets to keep things the way they want to because, obviously, they believe in free markets -- don't believe in free markets. i suspect they're going to stay with powell, the earn you know, but you've got to keep all parties happy. braynard maybe agreeing to take
12:45 pm
his place when he's over and done. but to be clear, both are very much easy money, money print fromming, the 0% rate which enables debt, deficits and leverage beyond the beyond. eventually there will be heck to pay as markets always eventually bite back. but i think we're in a sweet so the here, and i think we continue higher for now. neil: the process educate of braynard running the fed someday would unnerve some, right? she, obviously, is tied closely with the liberal base of the party. she would be even looser on monetary policy than jerome powell, wouldn't she? >> yeah. and there's no number two high -- number too high on the size of government enabled by a central bank. it's pretty much as simple as that. if the markets weren't doing as well right now, i think maybe she would be put this at this juncture, but i suspect that's not the case. i could be wrong, we'll find out
12:46 pm
soon enough. i'm not the president. but i just think the beat goes on. and all the talk of taper, just so you know, neil, we just went from $250 billion a month printing to $235 including european central bank. it is a nothing burger, and the easy money continues, and i suspect the we get a markdown in the markets in a big way, they'll just reprint them again. so, again, and i can't say it enough, it just continues. neil: got it. you know i don't mind nothing burgers myself. i don't like anything on my burgers. [laughter] but i digress. >> burgers are good. neil: yeah, i hear you. gary kaltbaum following these developments. we are also following developments on the jobs front. they're booming. but just in case, amazon is continuing to automate because, well, the job prospects and the job openings are there, but finding people to fill them?
12:51 pm
♪ neil: who these people, especially the you're having trouble finding people to do the work for you? amazon has robots handling a good deal of it, and it's a growing trend. doesn't jeff flock know it seeing it up close in personal this wilmington, delaware. jeff, what's going on? ♪ people, people who need people ♪♪ remember that one? if sorry about that, i apologize. look at these convey your belts, man, they are moving fast. i've within to ups and postal service. usually you can go and grab one of these -- look at that, it just flew off the thing down the chute. pretty crazy. yeah, where are all the people in well, actually the, there are people -- a lot of people, by the way. take a look at these numbers, neil. amazon has been on a hiring binge even though they've been employing a lot of autohaitian in term of, you know -- automation. 150,000 seasonal workers this
12:52 pm
year, 125,000 transportation workers, 40,000 corporate workers and over 600,000 people since the an demick. -- pandemic. where are you getting all these people? >> you know, we are out there recruiting in our local communities. we're happy to be offering a really exciting employment opportunity here this wilmington -- >> reporter: what are you paying? >> we're offering a national average of $18 an hour for our front-line associates. >> reporter: and how much in term of benefits, that sort of thing? you've got health, vision, dental, 401(k)s? >> absolutely. and not to mention we also offer up to 20 weeks paid parental leave, and we're really proud of our career choice program which is upscaling as well. >> reporter: gotcha. obviously, the hires trying to help with the supply chain stuff, but we talked to the senior vice president of amazon, neil, about the other things that they're doing with the supply chain problem. take a quick listen. >> we're buying earlier this year to make sure we can get through some of the disruptions that we were anticipating.
12:53 pm
we've increased a number of points of entry by over 50%%, the number of or thes that we're using, we've doubled the amount of container capacity and making sure we can get all the inventory and all the presents through the pipe. >> reporter: they're going through the pipes right now, neil. i leave you with the picture of a very fast conveyor belt. neil: just a matter of time, buddy, before you and i are replaced by machines. enjoy it while we have it, i guess, is the idea. by the way, it's even gone onto college cam us where the kids order food delivery and food and all that, it's a robot delivering it to them. take a look at what happened at purdue university. [laughter] >> here's your delivery, president daniels. >> this is chateau by onand baked alaska, right?
12:54 pm
good service, thank you very much. come again. neil: all right. at purdue university president mitch daniels getting a food delivery right to him. i'm sure a lot of the kids on his campus are eager for the same type of delivery, but it is all the rage right now. the star ship technologies ceo with us, very good to have you. this is wild, but i immediately started thinking what if another hungry kid on cam us want -- campus wants to get that food before the desired recipient does? >> well, first, thank you for having me, greatly appreciated. first of all, the robot is locked, so unless you are the intended recipient, you can't get in. when the robot shows up to your delivery point, it asks you if you -- the robot, it will open it, but it'll only open that robot that you have asked the delivery to be provided by. neil: but how does it know
12:55 pm
you're the right person? what do you have to tell it or say to it in. >> so the robot knows where it is, knows where you are, and you have an app on your phone, so the phone is literally are you beside the robot, and it can detect when you're close, and it says, yes, please open it up, and it will open the robot. it's an association between the user and his device and the robot. neil: how do they get to the location? the robots themselves? >> >> so like purdue, we're deployed in about 22 universities around the country, and in each one of those cases there's a fleet of robots. some are large, some are small, and the student opens their app and says i want a pizza, i want a burger, i want a burrito, and i want it delivered to my dorm or this pin location that i drop. at that point, the system sends the order to the merchant, the merchant prepares it, and the robot shows up about a minute before it's ready to go. they pick a robot, load it, and
12:56 pm
the robot goes to where the student the selected the pin. neil: what's the on-time performance of these machines versus, let's say, human beings? >> so we provide an eta when you place an order. you're going to get an order within 15 minute toss half an hour, that includes the fulfillment time to have merchant, so drive the time is probably 10, 15 minutes worst case. neil: that's wild. and as i understand, accurate to the t. alistair, thank you very much. it's amazing what people come up with, right? seeking of amazing what they'll come up with, a pill to deal with covid, and if we're to believe a lot of the stuff we're getting out of pfizer right now, this is a game-changer worldwide. the ceo of pfizer after this. ♪ ♪ you're all i ever wanted, you're all i ever needed -- ♪ so tell me what to do now when
12:57 pm
i want you back ♪♪ advisor - to put the financial well-being of you and your family first. i promise to serve, not sell. i promise our relationship will be one of partnership and trust. i am a fiduciary, not just some of the time, but all of the time. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com i order my groceries online now. shingles doesn't care. i keep my social distance. shingles doesn't care. i stay within my family bubble. shingles doesn't care. because if you've had chicken pox, you're already carrying the virus that causes shingles. in fact, about 1 in 3 people will develop shingles, and the risk only increases as you age. so what can protect you against shingles?
12:58 pm
shingrix protects. now you can protect yourself from shingles with a vaccine proven to be over 90% effective. shingrix is a vaccine used to prevent shingles in adults 50 years and older. shingrix does not protect everyone and is not for those with severe allergic reactions to its ingredients or to a previous dose. an increased risk of guillain-barré syndrome was observed after vaccination with shingrix. the most common side effects are pain, redness, and swelling at the injection site, muscle pain, tiredness, headache, shivering, fever, and upset stomach. talk to your pharmacist or doctor about protecting yourself with shingrix. shingles doesn't care. but we do. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire
12:59 pm
♪ matching your job description. [laughing and giggling] (woman) hey dad. miss us? (vo) reflect on the past, celebrate the future. season's greetings from audi. ♪ ♪ there are beautiful ideas that remain in the dark. but with our new multi-cloud experience, you have the flexibility you need to unveil them to the world.
1:00 pm
♪ (naj) at fisher investments, our clients know we have their backs. to unveil them to the world. (other money manager) how do your clients know that? (naj) because as a fiduciary, it's our responsibility to always put clients first. (other money manager) so you do it because you have to? (naj) no, we do it because it's the right thing to do. we help clients enjoy a comfortable retirement. (other money manager) sounds like a big responsibility. (naj) one that we don't take lightly. it's why our fees are structured so we do better when our clients do better. fisher investments is clearly different. take a look at pfizer stock right now, it's up more than 7%, soft soaring, released during an early morning, the belief now
1:01 pm
pfizer's come up with a pill to deal and street covid. as things stand now, wire and id or injection, merck has a similar pill we are told will be out on the market very soon, certainly in the united kingdom but this one could be an even game changer since the efficacy rate is significantly higher. the pfizer ceo, doctor is kind enough to join us. good to see you. what makes this so significant? >> thank you for having me, it's significant because as you said the efficacy of this oral pill is 90%. the study was performed in a population for all of them had covid but in addition, they had coke morbidities, either obesity or pneumonia, heavy smokers and etc. results were almost 90%, that
1:02 pm
means going to hospital, only one. the difference for the system but also for individuals. treatment was done at home because of a pill so it's a game changer. neil: explain how it would work, what is the regimen? how many pills you take over what period of time? >> it ten pills, you take two pills one morning and one in evening for five days. there's an additional pill you take once a day three pills a day. neil: at the first sign of symptoms, is that when you should take it or can it be after? who benefits from it? >> it works extremely well even a bit later. we had 89% effectiveness for
1:03 pm
people who start of treatment within three days of diagnosis but when we expanded to five days of being diagnosed, the efficacy was 85% so very similar. neil: what if you are already vaccinated? is a benefit to this? >> vaccines are made to protect people from a not to get disease and people should not confuse the two. people should get vaccinated and they should be able to protect themselves and their families by doing that because otherwise they spread disease but there is a percentage who will not be vaccinated and there's always big numbers, right now they have covid every day in the united states so this is a wonderful tool to keep those people alive to start but also out of the
1:04 pm
hospitals so it's a significant difference. before injectables, you have basically to go to the hospital or a medical environment to get treatment. now you can do it at home, very big difference. neil: just to be clear, normally if you test positive for covid as i was a couple weeks ago, and i was fully vaccinated with your vaccination it would have been a lot worse had i not been, i understand that but immediate treatment was an antibiotic, how does your pill deal with breakthrough cases or those close to them? >> first of all, as with all things, doctors examine the individual and make a decision as to which is the best course of treatment but how the pills are designed to work, it's once
1:05 pm
you are diagnosed with profit and set of what you're doing, taking the pills at home so you will not end up in the hospital. there's other injectable treatments, they need to be administered at the hospital. now as i said, physicians should make the decision what's best for everybody. neil: obvious the a lot of people like the idea of a pill more than an injection part of the hospital and other complications that could happen doing so, so this is a game changer in that regard it could open up potential vaccine dollars and those weary of taking an injection. have you worked that into available pool of people who might take advantage of this? >> i think everyone eventually can take advantage of it but you
1:06 pm
are right about the benefit, you don't have to get injection but more importantly, you can do it at home, you can stay in your home with your family rather than being at the hospital a very big difference. neil: now the cdc already recommended your vaccine for kids as young as five, i believe up to 11, we don't know how the rollout will go but with this pill be available tickets? >> they start the pill from 18 years of age and older. we have to others but ongoing right now, these are people do not have comorbidities and some are vaccinated and they have breakthrough cases but we tested in another study protecting the household members of those who
1:07 pm
get the disease. if they get the disease from you get not only the pills but also give the pills to the people living at home so we prevent them disease but so far, all the studies are 18 years. neil: the storyline is you and your colleagues were so impressed with the results you are getting from this treatment, about 600 individuals immediately stopped to try to get emergency approval. where does that stand? >> we stop enrolling more patients but already enrolled in the study, 2000 patients, we don't enroll anymore and we are going to file the result. likely before thanksgiving to the fda canada and etc.
1:08 pm
the other two studies are continuing enrolling and household conduct they should give results in the first slot. neil: the study participants were unvaccinated, right? >> this study is high risk so they were unvaccinated, all of them and all in addition to being disease with covid work diagnosed covid and other diseases was the most difficult to treat. i expect the others are way easier here was the most difficult. neil: could you give an idea assuming everything goes okay, about the rollout of this? >> one, it's regulatory approval so i can't speak about how long
1:09 pm
fda will take but i can tell you who will submit before the end of the month mike before thanksgiving. it's up to them to give the approval, i expect them to do it quickly sometime in december. we will already have this year a food million pills, less than around 2 million pills from 200,000 because we have ten pills for treatment and we should be able to next year in 2022 from 500 million pills from a 50 million treatments. all that is because we've invested without knowing we have a product or not start of manufacturing almost six months ago but right now now that we know, people have a very effective bill so we are visiting as to how many doses so
1:10 pm
we will try to see how we can increase even further 500 million pills and treatments they are planning. neil: for would be the cost? >> the cost is with government, but it would be way less than the antibodies. should be less than half the antibodies. neil: so the treatment available would be dramatically rest less. >> yes. neil: all right. that's all over the map depending on the system you are in. >> i just wanted to emphasize, it would be reach to every american, is the cost for the government will have to pay to procure. neil: this -- you are hoping to get this rubble, worldwide, right? >> oh yes, already we have
1:11 pm
negotiations 90 countries but they are advancing with very good results, it will be concluded rapidly because everybody wants this as soon as possible. neil: this is remarkable, thank you very much. the ceo, so remarkable the market reaction. today along pfizer attic close to 30 broiling dollars in market value on just the promise of a pill to deal with covid and for so many worldwide weary of injections and infusions and now an alternative. a game changer. stay with us, you are watching foxbusiness. ♪♪
1:14 pm
moving is a handful. no kidding! fortunately, xfinity makes moving easy. easy? -easy? switch your xfinity services to your new address online in about a minute. that was easy. i know, right? and even save with special offers just for movers. really? yep! so while you handle that, you can keep your internet and all those shows you love, and save money while you're at it
1:15 pm
with special offers just for movers at xfinity.com/moving. they had an ambitious start from the seventh morning on capitol hill nancy pelosi would tried to get both agree to, infrastructure plan and the bigger spending plan agreed to promote marked up, all approved from aquatics provokes, but a being from about a boom.
1:16 pm
something happened. let's go to hillary bond with the latest. reporter: the vibe among rats right now pessimistic. there's not a vote scheduled to happen at this time, things are pretty much in limbo and the reasons why self significant is speaker pelosi was on the house floor for hours last night trying to win the vote she needed to get the vote on the board today, on the social spending package. the president himself this morning said please vote yes on both bills now, that's something that -- is not plea he's made publicly to his democratic caucus until today but still with all about, there's a split right now between those members of the congressional black croppers who really want to push through and essentially the members who are not quite sure they are ready to vote yet to
1:17 pm
vote no on the package but there are moderate democrats still holding out because they want a score from the congressional budget office to know exactly how much all of us costs but speaker pelosi tried to make the moderates happy just giving them a jcc score outside apartments who say the package is paid for and checked out. >> i think the economist, i think where we are -- we can't rush the congressional budget office in which the budget committee we've been rushed but i just feel comfortable there are sufficient documentations from a numbers documentation. >> the bottom line is from moderates want the documentation from the cdo themselves to feel like they can support the legislation. there's new estimates out from morning who says the real cost programs made permanent positive
1:18 pm
4.2 trillion and that's having house republicans today think democratic colleagues cannot be in denial, the cannot blind eye the price take that could potentially add trillions to the debt. >> what they are saying, the president is not telling the truth, bill does cost, it cost $4 trillion. there's a reason why they want to run it through without having a congressional budget office tell you how much it costs their arguments this method programs after a few years, the map still doesn't check out according to the analysis. they say there are $300 billion short that's why some moderate democrats in the house up until now are still uneasy about voting yes my package without knowing the true impacts it will have on the deficit and inflation, two things rapidly rising. speaker pelosi agreed it's a big deal before a big vote, tweeting
1:19 pm
and 2017 republicans shouldn't vote without an updated score, about a piece of legislation and she's at republicans are trying to jam a bill through without an updated score of its impact but she feels a lot different today about whether or not the score is really needed for something like president biden's bill back better legislation. neil: interesting. hillary found on capitol hill. born pennsylvania governor, always good to see you. you think this is going to happen? >> yes. it will happen because in the end, it's ridiculous. it doesn't account for growth and remember when president trump did his tax cut, he didn't score up anywhere near being paid for.
1:20 pm
they made the argument, it was half true that the increase economic activity now produce more revenue that would pay for the bill so you never know . neil: we don't know, there are so many democrat concerned without that they are not ready to vote on this so it could delay about on this, is a delay dangerous to you? >> i served term as governor, i never had a budget on time. supposed to and then republicans said people are going to kill that, never had a budget on time but we always got a budget, they were good budget and i got reelected with a 20% margin in a purple state. neil: a different governor than obviously a spending package this magnitude, it has to
1:21 pm
realign and get priorities right and make sure the bills are paid but it's a little different than some think this big. >> right but to be fair, you always are fair, tax-cut crashed as much as the two biden bills, the infrastructure bill and cares act bill put together and it got through and the same republicans now voting for the trump tax-cut so all i'm saying neil: you are right, it does work both ways no republican voted for the affordable care act. are you worried it's keeping not going, it's all one party and another party? >> sure because when an authority controls the everything from of the hospital senate and presidency, you expect them to do something whether they agree or not, get things accomplished but let's
1:22 pm
say it gets done in january, there will be plenty of time for people to gauge how they feel about it when it swings into operation. republicans who voted against the infrastructure act, they will be there at groundbreaking projects. they voted against the act, we'll be there to celebrate the groundbreaking in their state so everyone, even the election results , glenn youngkin rent good campaigns. terry mcauliffe make a tragic mistake and governor murphy same taxes are your issue, this isn't our state -- they did very well but i want people to remember ronald reagan the end of his first year, people were talking about the regular session,
1:23 pm
people said ronald reagan was at that talk. neil: very well -- you are absolutely right, that's what surprised me that your party isn't pivoting on this or adjusting their strategy, it seems to be run by progressive's does not concern you? >> it does because i'm a progressive on social issues and moderate when i was governor and mayor. it bothers me but reminds me of the old saying about the democratic party, he day. neil: the dow racing ahead, a record about now, we stop the
1:24 pm
1:28 pm
new york city this weekend as they prepare for the 50th marathon, ashtoreth the pandemic had to squelch all of it. not now. here's more from new york city. reporter: this is the finish line, not just near the finish line, we are on the finish line and i don't know about you but this is the closest i'm ever going to get to a the finish line of a marathon.
1:29 pm
30,000 runners, down from the all-time high of about 50000 participants but still, everyone i've talked to set this a great rebound they need. good news for the hotels here and the economy in the restaurant, the boost we need this time of year. i had the chance to speak with the team captain and said the weather we have predicted here, upper 40s and 50s will be just what they need to have a good run. >> i think it will serve people well because it's the perfect temperature, a little bit of cloud cover so they say not to hot but we have to worry about dehydration so the temperature for your body, we want to hold on but i think it's going to be ideal. reporter: she says the runners feel like rock stars because they have such an enormous crowd
1:30 pm
cheering them on. as they start to shed layers of clothing, they are collected along the route and turned to charity. good vibes here, the energy we need for successful run and we invite you to track along the conditions here in america downloading brief box weather app keep you posted on conditions right where you are. neil: you are the best at that. i'm with you, i think the finish line is where i'd be only if i could fly to it. [laughter] reporter: i got winded walking from the truck. [laughter] neil: tell me about it. i get that way going to the refrigerator. [laughter] the meantime from a big news ahead of the big race sunday in new york. of course the pill to treat covid, it's all the talk right now. the ceo says it's a big deal. >> could you give me an idea assuming everything goes okay and you get the approval you're looking for, about the rollout of this? >> i think it's regulatory
1:31 pm
approval from i can't speak about how long the fda will take but i can tell you we will submit before the end of the month, likely before thanksgiving. that is up to them to get the approval, i expect them to do it quickly, sometime in december. neil: just think about that, a covid pill, john's hopkins university professor public health overall smarty-pants. doctor, how big a deal is this? >> this is profound but not the only profound right through that would once approved, marked the end of the pandemic phase of covid. we are about to transition to the end. this will allow us to treat people who are ideally before the hospital but we will probably use off label a little later and there's a number of drugs out there, there's one about to come out, merck is under review and they will meet november 30 this month to make a
1:32 pm
decision, it's not a hard virus to drug, block and its replication. one of the drugs in the pfizer regimen is a dark that's been around a long time. ironically, a doctor reach out to me just before the pandemic hit this country and said we need to use this drug. we've had a big focus on vaccines and not enough on therapeutics. neil: you know, you mentioned the merck drug, i guess it's been approved in the uk waiting for that here. the same we get views, wait for fda approval of the vaccine for kids and now the cdc wrote off on it, why is it so layered and confusing? pre-much work but. >> "god bless america", this is the united states fbi fda bureaucracy. it all in behind the ability to respond quickly to a health emergency we've seen in europe. take for example the time it took for them to convene experts
1:33 pm
with the covid vaccine. it took four weeks and many say that might have been appropriate, this drug merck put out is taking them seven weeks just to meet and there's only 607 people in the pfizer trial who got the drug. how many statistical tests you run on the number zero an adverse event when you have a profound benefit they should at least make it available on extended access protocol. compassionate use ahead of their authorization and they are not doing that it would require the drug company to cooperate, we are not seeing that sort of urgency. neil: you know, doctor, where are we with covid? reading in china and russia and parts of eastern europe, big spikes and cases, russia right now, we are seeing record levels every day and world health organization same 500,000 more could die by february. what you think of this?
1:34 pm
>> we are close to the end of the pandemic phase in the united states. we had four giant waves and hardly anybody left who's not how the buyers are the vaccine. that will be the case within a matter of weeks here as we round up the final burnout in the united states. infection rates near that for kids and adults, we see transmission reduced in pittsburgh and other parts of the country or world are different, they are want to deal with future waves and their immunity rates are still relatively wrote low. neil: thank you. fast-moving departments here. we are following what's going on in the market, we continue to break ahead in the political fallout here from big elections in virginia and new jersey where the republican candidates still are not officially conceiving.
1:35 pm
1:39 pm
are increasingly losing their faith and polls particularly states like new jersey where we are told, murphy was going to run away with a, double digit wins on all the races and concluded because they still say there are ballots to be counterpart of the pattern were we've seen this once or twice before and people say i don't trust the polls at all. madison is following this all corporate this gubernatorial election has left pollsters saying methodology and reporting needs to improve and affect one apologizing from a first for the industry.
1:40 pm
an op-ed in nj.com following the election think in part i blew it. going on to apologize sent to campaigns and photos saying most of all, i owe an apology to the voters of new jersey for information i was at the very least, misleading. less than a week before the election, university polls released numbers murphy ahead by double digits. eleven percentage points but when it came to the actual vote, the two candidates were much closer. today murphy as ahead by less than 2% pollsters we spoke to said changing public opinion topics like the labor market, taxes and inflation should have been heavily considered. >> i think a bigger factor most of the time is changing public opinion and catching change in patterns and turnout. i appreciate the poster apologized for misleading the public, the first time a poster
1:41 pm
has ever done that i think it was appropriate. >> murray was unapologetic about potential influence is pulling had on fundraising and turnout. that's why pollsters i've spoken to say voters to should look at polls as the only part of the picture. doesn't matter who they say is going to win, what matters is who turns out and actually vote. neil: you would think they have a methodology for factoring that in. thank you, great reporting. let's go to the washington examiner, i always think the failure of some of these holes often come in the final days of the campaign where they missed momentum. i'm old enough to remember in 1980 when ronald reagan took on jimmy carter. roughly the week before that, they were close, hard to believe in retrospect and the blowup leader ensued so we don't seem to find a way for all these
1:42 pm
years of catching last-minute or even last few day, week swings, what you make about? >> i think you are right, under momentum is hard to catch particularly as pollsters will often say, what they are taking is a snapshot and momentum is something moving from you kind of need a video rather than a snapshot. you take a snapshot, you're not sure which way things are going but i think one of the things we've seen in recent years anyway is one polls are wrong, they usually undercount conservative or republican votes. most election polls are conducted in conjunction with news media and fox has done that, many many news organizations have done that. they have polls and because of the overwhelming bias in news organizations in favor of democrats, in favor of left-wing policy, a lot of conservatives
1:43 pm
not making any distinction between pollsters and media just don't want to talk to them, they've been beaten over the course of years being called deplorable and stupid and etc. for conservative views so they don't want to talk to them so they are being missed in the polls and that's one reason generally when you see things pattern the polls predicted, the outlier in new jersey but all polls in new jersey were missing the republican showing because a lot of republican voters don't want to talk to these people. neil: another thing i noticed is the bias when you guesstimate early voting is guilty, the understanding was it's always going to be democrat. now new jersey apparently was the opposite, there was much more conservative voting early on in the experts calculated. they just can't seem to get it
1:44 pm
right. it's as much a methodology bias, sometimes a political one. how do you fix that? >> i am no pollster so i don't know that i can be descriptive about that. one thing i do know is early voting and famine voting has swung between republican and democratic in whom it seems to favor. obviously the last election, democrats want to as much voting as they possibly could get and of course donald trump was saying go vote on election day. in the past, and decades pass from of mail-in voting has favored republicans in part because of the votes coming in from the military and from overseas where republican advantage is. as far as fixing is concerned, i do know that it can be fixed in part because election polls are
1:45 pm
kind of about what expectations are, something that has not yet happened. that's about who's going to turn out, sometimes it looks like someone is a likely voter and then they don't and someone is an unlikely boater and they do show up so i think there's an inherent flaw in election polls and at the moment, it undercuts conservatives. neil: definitely something going on because there's a consistent theme. very good catching up with you. one of the election results that wasn't a chakras eric adams winning overwhelmingly in the new york city's next mayor. it's what he's done since that's raised eyebrows. his goal, to be paid in bitcoin at least for his first few checks. ♪♪
1:47 pm
1:48 pm
1:49 pm
1:50 pm
decent record territory yesterday, some technology stops reading from record territory. susan we only office as she always does, what's moving here? >> palatine, probably the reason why's of nasdaq is falling back from 16000 levels, we are looking at 17 months flow from palatine, they will make 1 billion, less and sells these years. new subscribers in the company going public together. they have a total of two and a half million members met despite cutting the christ price of their popular bike by 20% over the summer they thought would bring in more sign up and customers, investment banks this morning downgrading their call on the stock after the reports. another big company is uber, that's great but if you include expenses which wall street does,
1:51 pm
you have boxes writing to 20 happening dollars and that's a big breakdown on uber lake and over of china dd which contained, china's crackdown after the ipo. drivers and writers are coming back online and that's why uber bookings are 70% from last year. uber eat is growing around 50% which is not bad. finally company square with more than three quarters of his wealth from from dropping cash app for bitcoin revenue in the summer from the spring so a quarter slowdown when it comes to bitcoin sales. 1.8 billy in bitcoin revenue making up close to half squares total sales and square purchased themselves, company purchased $170 million worth of bitcoin in february and jack dorsey on the earnings call last night thanks he's only interested in buying bitcoin because he wants to make bitcoin the currency of the internet, you got back?
1:52 pm
should. neil: more and more thank you very much. great job, as always. eric adams, the newly elected mayor of new york city in january, he's already told reporters being paid in bitcoin, at least the first few chances following the miami mayor saying the same thing. i'm broken up about it. thanks lake senior economic analyst, i tell you, there's something about bitcoin tied to more athletes, aaron rogers and politicians and others to want to get paid in it or at least some of their pay, what you make of this? >> when his caboodle coin coming down the line? everybody needs to be it in this coin with their own brand. it's a modern version of the california gold rush and there
1:53 pm
were many people, neither were alive back then but there were a lot of people who made fortunes and there are a lot of people who didn't and that's what i worry about here, we are really talking about them modern wild west and there's sort of a story line for line of rhetoric close with this much don't stand in the way of me making money so because that person got wealthy, sort of the same thing as the nft grave. ultimately, many people make it less of a bank here and we don't know how the value of this realm of increasing numbers of crypto currency and it's show for
1:54 pm
it? neil: it should be money from us and you are willing to risk, maybe money you are willing to lose but you don't want to put a hold it's education in there unless you don't with your kids but that's a separate story so let me ask you about if we can step back from this, how is it today is a bit of a different day, bitcoin and a lot of these crypto currencies tend to go with the regular stock market and they used to be either or, what you make of that? >> maybe when it was in earlier stages, it would seem primarily as a hedge but now it's probably the category of risk on assets so if you're looking to take on more risk, where is there a better selection than crypto currency is the ultimate risk sort of like where is the most scary roller coaster ride i can get the themepark? that's your answer.
1:55 pm
back to whether it goes coin with elon musk and olivet and he is now one of the world wealthiest individuals, number one today and tesla but we don't know what exactly what was going on with that with him and everything else. i just worry a lot of people are talking their own books leaving him out of the equation not looking out for the wealth of well-being of the general public or savers. neil: you look at the back to the races again, jobs? >> it does feel that way, it's a great start for the fourth quarter and obviously we've got the revisions from a previous two months, wage rose to the moon, nearly 5% on the year over year basis, that's the good news bad news story because it's great news for workers, hectic for employers and doesn't make jerome powell job any easier. neil: got it. very good catching up with you.
1:56 pm
2:00 pm
a side note on this, i'm just going well, record territory, what's going on the tenure right now, in-and-out at one of the half% of the jobs report raising concern things are going to get out of hand on inflation, they have a funny way of showing it the back and be the market, it can see things maybe others miss just like my buddy, charles payne. >> thank you very much, have a great weekend. good afternoon, i am charles payne. breaking right now, the market is reacting to what i call goldilocks report, it wasn't millions of jobs a month promised but still strong enough remaining from worker strike will keep the fed at bay on rate hikes and that is keeping wall street happy. this is a rally, the question for you is it too late, should you be cashing in?
128 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on